Current Affairs Quiz , 17 Dec 2019

1) Nirvik Scheme is a new Export Credit Insurance Scheme (ECIS) introduced by Ministry of Commerce and Industry. Under the scheme, Export Credit Guarantee Corporation (ECGC) will provide credit insurance cover of

a) 5%
b) 30%
c) 90%
d) 100%

Answer: c
• It is a new Export Credit Insurance Scheme (ECIS) introduced by Ministry of Commerce and Industry through Export Credit Guarantee Corporation (ECGC).
• Under the scheme, ECGC will provide 90% credit insurance cover and any additional outgo would be supported by the government.
• The scheme is valid for 5 years.

2) How is Fuel cell electric vehicles (FCEV) different from an electric vehicle (EV)?

a) FCEV does not store energy
b) FCEV relies on a constant supply of oxygen
c) FCEV is energy efficient than EVs.
d) None of the above

Answer: d
• Unlike a battery-electricity vehicle, it does not store energy and, instead, relies on a constant supply of fuel and oxygen — in the same way that an internal combustion engine relies on a constant supply of petrol or diesel, and oxygen.

3) Compensation Cess was introduced as relief for States for the loss of revenues arising from the implementation of GST. It is deposited finally in

a) Public Account of India
b) Consolidated Fund of India
c) Contingency Fund of India
d) None of the above

Answer: a
• The collected compensation cess flows into the Consolidated Fund of India.
• It is then transferred to the Public Account of India, where a GST compensation cess account has been created.

4) Dolphins in India are listed in

a) Appendix I of the Convention on International Trade in Endangered Species (CITES)
b) Appendix II of the Convention on Migratory Species (CMS)
c) ‘Endangered’ on the International Union for the Conservation of Nature’s (IUCN) Red List.
d) All of the above

Answer: d
• Dolphins have been included in Schedule I of the Indian Wild Life (Protection) Act 1972, in Appendix I of the Convention on International Trade in Endangered Species (CITES), in Appendix II of the Convention on Migratory Species (CMS) and categorised as ‘Endangered’ on the International Union for the Conservation of Nature’s (IUCN) Red List.

5) Which among the following is the first interstellar comet to enter the solar system?

a) Oumuamua
b) Borisov
c) Bennu
d) None of the above

Answer: a
• Borisov is only the second interstellar object ever seen entering the solar system. The first was Oumuamua in 2017.