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Current Affairs Quiz Today – 29th Dec. 2020

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Current affairs quiz today – 29th Dec. 2020.
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Results

#1. Consider the following statements with respect to Blue Flag Certification:

1. Blue Flag is a certification awarded to beaches, marinas and sustainable boat tourism operators that meet the requirements.

2. It is awarded by the Global Environment Facility.

3. India does not have any blue flag certifications to its credit.

Which of the given statement/s is/are correct?

ANS: (A) 1 only

Explanation:

  • The iconic Blue Flag is one of the world’s most recognised voluntary awards for beaches, marinas, and sustainable boating tourism operators. In order to qualify for the Blue Flag, a series of stringent environmental, educational, safety, and accessibility criteria must be met and maintained.
  • Blue Flag is a certification awarded to beaches, marinas and sustainable boat tourism operators that meet the requirements.
  • The Blue Flag certification is awarded by a non-profit organization called the Foundation for Environmental Education (FEE). India is now in the league of 50 “BLUE FLAG” countries.
  • The following beaches have been awarded the “Blue Flag”:
    • Shivrajpur (Dwarka-Gujarat)
    • Ghoghla (Diu)
    • Kasarkod (Karnataka)
    • Padubidri (Karnataka)
    • Kappad (Kerala)
    • Rushikonda (Andhra Pradesh)
    • Golden (Puri-Odisha)
    • Radhanagar (Andaman & Nicobar Islands)

#2. “Bhashan Char Island”, recently in news, is a part of which country?

ANS: (B) Bangladesh

Explanation:

Bhashan Char is an island in Hatiya Upazila, Bangladesh.

#3. With reference to Special Zero Coupon Recapitalisation Bonds, consider the following statements:

1. It is not tradable, but transferable.

2. The issuance of these special bonds will not affect the fiscal deficit.

Which of the statements given above is/are correct?

ANS: (B) 2 only

Explanation
  • Recently, the government has used financial innovation to recapitalise Punjab & Sind Bank by issuing the bank Rs. 5,500 crore worth Special Zero Coupon Recapitalisation Bonds.
  • Special Zero Coupon Recapitalisation Bonds are special types of bonds issued by the Central government specifically to a particular institution.
    • Only those banks, whosoever is specified, can invest in them, nobody else.
    • It is not tradable, it is not transferable. It is limited only to a specific bank, and it is for a specified period. Hence, statement 1 is not correct.
  • There is no coupon, it is zero coupon, it is issued at par and will be paid at the end of the specified period.
  • Coupon is the Interest which the Investor gets on a bond.
  • It is held at the Held-To-Maturity (HTM) category of the bank as per the RBI guidelines.
    • HTM securities are purchased to be owned until maturity.
    • HTM securities are purchased to be owned until maturity.
  • As the issuance of these special bonds will not affect the fiscal deficit while at the same time provide much needed equity capital to the bank. Hence, statement 2 is correct.

#4. With reference to ‘Adopt a Heritage Project’, consider the following statements:

1. It aims to develop tourism amenities at tourist sites spread across India for making them tourist friendly.

2. The Ministry of Tourism is solely responsible for the project implementation.

Which of the statements given above is/are correct?

ANS: (A) 1 only

Explanation
  • “Adopt a Heritage: Apni Dharohar, Apni Pehchaan” project aims to develop tourism amenities at heritage/ natural/ tourist sites spread across India for making them tourist friendly, in a planned and phased manner. Hence, statement 1 is correct.
  • It is a collaborative effort by the Ministry of Tourism, Ministry of Culture and Archaeological Survey of India (ASI), State/UTs Governments. Hence, statement 2 is not correct.
  • The sites/monuments are selected on the basis of tourist footfall and visibility and can be adopted by private and public sector companies and individuals — known as Monument Mitras — for an initial period of five years.
    • The corporate sector is expected to use Corporate Social Responsibility (CSR) funds for the upkeep of the site.

#5. With reference to National Common Mobility Card, consider the following statements:

1. It provides access to all modes of transportation at subsidized rates for below poverty line households.

2. It is launched by the Ministry of Housing and Urban Affairs.

Which of the statements given above is/are correct?

ANS: (B) 2 only

Explanation
  • National Common Mobility Card is an inter-operable transport card conceived by the Ministry of Housing and Urban Affairs of the Government of India, launched in 2019. Hence, statement 2 is correct.
  • It will give access to all modes of transportation and will do away with commuters having to wait in long queues for tokens.
  • It allows users to pay for travel, toll charges and retail shopping, and permits them to withdraw money at the same time. Hence, statement 1 is not correct.
  • It will enable anyone carrying a RuPay-Debit Card issued in any part of the country to travel on the route.
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