10 PM Daily Current Affairs Quiz | April 5 2021

InSight short for Interior Exploration using Seismic Investigations, Geodesy and Heat Transport is a NASA Mission.

This Mission aims at studying the deep interiors of Mars. It is the first program to analyze the interior of the Red Planet, beneath its surface i.e. its crust, mantle, and core.

Part of: InSight mission is part of NASA’s Discovery Program (1992).

Discovery Program is a series of Solar System exploration missions. NASA funds these missions through its Planetary Missions Program Office.

Recently the Department of Land Resources informs the Standing Committee on Rural Development about the Unique Land Parcel Identification Number (ULPIN) Scheme.

The Unique Land Parcel Identification Number (ULPIN) scheme was launched in 10 States in 2021. It will roll out across the country by March 2022.

Key Features of the Scheme:

Under the scheme, authorities issue a 14-digit identification number to every plot of land in the country.

Also known as “the Aadhaar for land”, It is a unique number to identify every surveyed parcel of land. It will prevent land fraud, especially in rural India where proper land records are not available.

The longitude and latitude of a land parcel will be the basis for its identification. It will depend on detailed surveys and geo-referenced cadastral maps.

The land records database will gradually integrate with the records of revenue courts and bank on a voluntary basis.

The Harmonized System of Nomenculture is a six-digit identification code. It was introduced in 1988 by World Customs Organization(WCO).

Purpose: It is an international nomenclature for the classification of products. It allows participating countries to classify traded goods on a common basis for customs purposes.

The code is also called the universal economic language for goods. It is a multipurpose international product nomenclature.

The HSN code currently comprises around 5,000 commodity groups. Each Code is a unique six-digit code that has numbers arranged in a legal and logical structure. There are well-defined rules to achieve uniform classification.

Of the six digits, the first two denote the HS Chapter, the next two give the HS heading, and the last two give the HS subheading.

Significance: HSN Code helps in harmonizing customs and trade procedures. Thus, it reduces the costs of international trade.

Recently, Indian Government made the 6 digit HSN (Harmonized System of Nomenclature) code a mandatory for a GST taxpayer having a turnover of more than Rs 5 crore in a financial year. This rule comes into effect from April 1,2021.

Statement 1 is incorrect. Horizontally enforceable Fundamental Right means that the Right is enforceable against the State and Individuals.

Statement 2 is incorrect. Vertically enforceable Fundamental Right means that the Right is enforceable against the State only.

Forest Survey of India (FSI) is a premier national organization under the Union Ministry of Environment and Forests. It is responsible for the assessment and monitoring of the forest resources of the country regularly.

FSI was established on June 1,1981. The Forest Survey of India succeeded the “Pre Investment Survey of Forest Resources” (PISFR). PISER is a project initiated in 1965 by the Government of India with the sponsorship of FAO and UNDP.

FSI is headquartered at Dehradun in Uttarakhand.

It releases a biennial report called the State of Forest Report (SFR). The first ISFR released in 1987. So far, 16 biennial assessment of Forests has been done.

The last report was released in 2019. The 2019 report for the first time created a national forest inventory.

An honourable acquittal is when the accused is acquitted after full consideration of the evidence. In this acquittal, the prosecution fails miserably to prove the charges levelled against the accused. So the accused is completely free from the charges framed against him.

However, if this parameter is not met, the acquittal can be based on the benefit of the doubt.

Recently the Supreme Court held that acquittal in a criminal case does not automatically qualify a candidate for appointment to the public post. Furthermore, the court also held that,

A public employer can reject a candidate if the candidate is unsuitable.

The government can consider acquittals under the benefit of the doubt as a reason for unsuitability.

The court also held that the honourable acquitted persons are suitable for public employment.

Emergency Credit Line Guarantee Scheme(ECLGS) was launched as part of the Covid-19 relief package called the Atma Nirbhar Bharat Abhiyan.

Aim: To provide Rs 3 lakh crore worth of collateral-free, government guaranteed loans to micro, small and medium enterprises(MSMEs) across India. It aimed to mitigate the distress caused by the coronavirus-induced lockdown.

National Credit Guarantee Trustee Company(NCGTC) is the guarantee provider under the ECLGS scheme.

Recently the government extends the Rs. 3-lakh-crore Emergency Credit Line Guarantee Scheme (ECLGS) until 30th June 2021. It also widens its scope to new sectors, including hospitality, travel and tourism.

Source

Statement 1 is correct. Ground Fires are more damaging than surface fires, as they can destroy vegetation completely. Ground fires burn underneath the surface by smoldering combustion and are more often ignited by surface fires.

Statement 2 is correct. On hill slopes, if the fire starts downhill, it spreads up fast as heated air adjacent to a slope tends to flow up the slope spreading flames along with it. If the fire starts uphill, there is less likelihood of it spreading downwards.

Shantir Ogroshena is a Multinational Military Exercise. The 2021 edition of the Exercise held in Bangladesh. (Statement 1 is incorrect.) 

It is held there to commemorate the birth centenary of Bangladesh’s ‘Father of the Nation’ Bangabandhu Sheikh Mujibur Rahman. 

The DOGRA Regiment of the Indian Army is participating in the exercise. 

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RBI had formed a five-member committee under the chairmanship of KV Kamath to make recommendations on the financial parameters and the sectors to be considered for the one-time restructuring of loans impacted by the Covid 19 pandemic. 

What did the committee recommend? The committee has recommended five financial ratios for 26 sectors which could be factored by lending institutions while finalizing a resolution plan for a borrower. 

Reserve Bank of India has broadly accepted its recommendations and implemented it