10 PM Current Affairs Quiz : October 15, 2018

Recently India’s first agri and food business online learning platform, at SR Innovation Exchange (SRiX) Campus, Warangal was launched. It is an Indo-UK collaborative initiative.

SRiX is a technology business incubator under the Department of Science and Technology, Government of India. It is focussed on start-ups of agriculture, cleantech and IoT.

Sarras Academies Ltd, a UK-based company, and SR Innovation Exchange have joined hands to launch the Academy.

Wind shear refers to a change in wind speed or direction with height in the atmosphere. Wind shear is most prevalent in the high latitudes as well as close to the jet stream but play a crucial role in tropics as well.

During development of tropical cyclone, heavy thunderstorms build up near the center. Given a favorable environment, the whole system from sea level up to around 50,000 feet in the atmosphere begins to turn counter-clockwise (or cyclonically).

Without wind shear, the turning within the tropical system will be uniform, or vertically aligned, which helps to keep the storm intact and likely strengthening. So low wind shear favors tropical cyclone development.

High wind shear on the other hand leads to fading  of the tropical cyclone structure as tropical cyclone  structure will be vertically tilted toward the direction that the wind shear is blowing.

India International Silk Fair -2018 is being held in New Delhi.  It is the 6th edition of India International Silk Fair (IISF). It is organised by the Indian Silk Export Promotion Council (ISEPC).

It will give a platform to exporters to display their products and to overseas buyers an opportunity to place orders and source their merchandize.  The fair is open for buyers and sellers and invited visitors only.

• Commercial Paper (CP) is an unsecured money market instrument issued in the form of a promissory note.
• It was introduced in India in 1990 with a view to enabling highly rated corporate borrowers to diversify their sources of short-term borrowings and to provide an additional instrument to investors.
• Corporates, primary dealers (PDs) and the All-India Financial Institutions (FIs) are eligible to issue CP.

• The NCLT is a quasi-judicial body in India that adjudicates issues relating to Indian companies.
• The NCLT was established under the Companies Act 2013 and was constituted in 2016 by the government of India.
• It is based on the recommendation of the justice Eradi committee on law relating to insolvency and winding up of companies
• All proceedings under the Companies Act, including proceedings relating to Arbitration, Compromise, arrangements and reconstruction and winding up of companies shall be disposed off by the National Company Law Tribunal.
• The National Company Law Tribunal is the Adjudicating Authority for Insolvency resolution process of Companies and Limited Liability Partnerships under the Insolvency and Bankruptcy Code, 2016.

Statement 1 is wrong. Till now only ethanol produced from sugarcane was allowed to be mixed in petrol but now The Policy expands the scope of raw material for ethanol production by allowing use of Sugarcane Juice, Sugar containing materials like Sugar Beet, Sweet Sorghum, Starch containing materials like Corn, Cassava, Damaged food grains like wheat, broken rice, Rotten Potatoes, unfit for human consumption for ethanol production.

Statement 2: is correct – With a thrust on Advanced Biofuels, the Policy indicates a viability gap funding scheme for 2G ethanol Bio refineries of Rs.5000 crore in 6 years in addition to additional tax incentives, higher purchase price as compared to 1G biofuels.