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Current Affairs Quiz Today – 05th March 2021

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Current affairs quiz today – 05th March 2021.
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Results

#1. Consider the following statements with respect to International North South Transport Corridor (INSTC):

1. Russia, India, and Iran are the founding member states of INSTC.

2. There are 13 member states of the INSTC project.

3. INSTC goes via Iran’s Bandar Abbas port.

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

ANS: (C) 1, 2 and 3

#2. Consider the following statements with respect to Chabahar Port:

1. It is the only oceanic port in Iran.

2. It is located in the southeastern part of Iran on the Gulf of Oman.

3. The International North South Transport Corridor (INSTC) passes through the port.

Which of the above statements is/are correct?

ANS: (C) 1 and 2 only

Explanation:

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  • Chabahar port is the only oceanic port in Iran.
  • It is located in the southeastern part of Iran on the Gulf of Oman.
  • While India made a proposal to include Chabahar port in the International North South Transport Corridor (INSTC), no decision has been taken yet. Therefore, the 3rd statement is wrong.

#3. Consider the following statements with respect to “Bao-dhaan”:

1. It is the ‘red rice’ variety that is grown in the Brahmaputra valley without the use of any chemical fertilizer.

2. It is iron-rich rice and an integral part of Assamese cuisine.

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

ANS: (D) Neither 1 nor 2

Explanation:

  • First export consignments of ‘red rice’ from Assam to the USA flagged off recently. This development is a big boost to India’s rice exports potential.
  • Bao-dhaan is the name of the ‘red rice’ variety that is grown in the Brahmaputra valley of Assam, without the use of any chemical fertilizer.
  • It is iron-rich and is an integral part of Assamese cuisine.

#4. With reference to Insurance Ombudsman in India, consider the following statements:

1. It derives its powers from the Insurance Regulatory and Development Authority Act, 1999.

2. He serves his office for the term of five years and is not eligible for reappointment.

3. His jurisdiction covers the deficiencies in service on the part of insurers, agents, brokers and other intermediaries.

Which of the statements given above is/are correct?

ANS: (C) 1 and 3 Only

Explanation
  • The Insurance Ombudsman derives its powers from the Insurance Regulatory and Development Authority Act, 1999. Hence, statement 1 is correct.
    • In Accordance to Redressal of Public Grievances Rules, 1998, the office of Insurance Ombudsman was established by the Central Government.
    • Further, its powers, functions, terms of office etc. were laid in Insurance Ombudsman Rules, 2017.
  • The term of this office is three years and it is eligible for reappointment provided that no person shall hold office as an Ombudsman after he has attained the age of seventy years. Hence, statement 2 is not correct.
  • Recently the Union government amended the Insurance Ombudsman Rules, 2017, bringing insurance brokers within the ambit of the Insurance Ombudsman and also allowed policy holders to file online complaints. Hence, statement 3 is correct.

#5. Consider the following statements:

1. The Central Bureau of Investigation (CBI) is a statutory body.

2. The Santhanam Committee recommended the establishment of the CBI.

3. CBI is under the administrative control of the Ministry of Home Affairs.

Which of the statements given above is/are correct?

ANS: (B) 2 only

Explanation
  • The CBI was set up in 1963 by a resolution of the Ministry of Home Affairs. The CBI is not a statutory body. It derives its powers from the Delhi Special Police Establishment Act, 1946. Hence, statement 1 is not correct.
  • The establishment of the CBI was recommended by the Santhanam Committee on Prevention of Corruption (1962–1964). Hence, statement 2 is correct.
  • The CBI comes under the administrative control of the Department of Personnel and Training (DoPT) of the Ministry of Personnel, Public Grievances and Pensions. Hence, statement 3 is not correct.
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