10 PM Current Affairs Quiz : November 9

The G4 nations comprising Brazil, Germany, India, and Japan are four countries which support each other’s  bids for permanent seats on the United Nations Security council.

The famous Banaganapalle mangoes of Andhra Pradesh and Tulaipanji rice of West Bengal are among the seven commodities that have been granted Geographical Indication (GI) this fiscal year by the Indian patent office.The other five products which have received the GI tag this year include Pochampally Ikat of Telangana; Gobindobhog rice of West Bengal; Durgi stone carvings and Etikoppaka toys of Andhra Pradesh; and Chakshesang shawl of Nagaland.
Basmati rice have also been granted GI tag.

The United Nations (UN) General Assembly has approved the adoption of 2017 as the International Year of Sustainable Tourism for Development. The resolution, adopted on 4 December, recognizes “the importance of international tourism, and particularly of the designation of an international year of sustainable tourism for development, in fostering better understanding among peoples everywhere, in leading to a greater awareness of the rich heritage of various civilizations and in bringing about a better appreciation of the inherent values of different cultures, thereby contributing to the strengthening of peace in the world.”

Statement 1 is incorrect as a tribunal is not necessarily a court in this strict sense because it gives a final decision whereas a court can review its decision whenever it deems necessary.

Statement 2 is correct

Statement 1 is correct.

Statement 2 is incorrect as in the Articles 239 and 239AA of the Constitution of India, the functions, powers and duties of the Lt. Governor clearly defines that a LG is a representative of the President and acts on the aid and recommendation of the council of ministers.

On November 8, 2016 Prime Minister announced that Rs 500 and Rs 1000 denomination notes will become invalid. The government introduced new notes of Rs 2,000 and Rs 500 .There was also no change effected in any other form of currency exchange like cheque, Demand draft (DD), payments made through credit cards and debit cards. Thus, statement 1 is correct.

This is not the first time the government is following the policy of demonetisation of high-value currency. Thus, statement 2 is correct.

The first instance of demonetisation by the government was implemented in 1946 when the RBI demonetised Rs 1,000 and Rs 10,000 notes.
Later, higher denomination banknotes (Rs 1000, Rs 5000 and Rs 10000) were re-introduced in 1954.
However, Morarji Desai government demonetised these notes in 1978.
According to data provided by RBI Rs 10,000 note was printed in 1938 and 1954 and was subsequently demonetised in 1946 and 1978 respectively.
The move was taken to curb the menace of black money, fake notes and corruption by reducing the amount of cash available in the system.

Coal India Limited (CIL) is an Indian state-controlled coal mining company headquartered in Kolkata, West Bengal, India. It is the largest coal producer company in the world and contributes around 82% of the coal production in India.Thus, statement 1 is incorrect.

As on 14 October 2015, Union Government of India owns CIL and controls the operations of CIL through Ministry of Coal. In April 2011, CIL was conferred the Maharatna status by the Union Government of India, making it one of the seven maharatnas.Thus, statement 2 is correct.