Current Affairs Quiz 6 February 2023

February 7, 2023 10 Mins Read
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6. Consider the following statements regarding the Steel Scrap Recycling Policy:

  1. It was launched in 2019 by the Ministry of Steel.
  2. Under this, the Ministry of Steel set up steel scrap recycling plants all over India to scale up the recycling process.

(A) 1 only

(B) 2 only

(C) 1 and 2

(D) Neither 1 nor 2

Show Answer

Correct Answer: (A)

Why this question?

Recently International Indian Material Recycling Conference was held. During the conference, the Ministry of Steel stated that the Government will push the steel industries to use recycled steel as 50% of their input by 2047.

About Steel Scrap Recycling Policy:

  • It was launched by the Ministry of Steel in 2019.
  • Production of high-quality ferrous scraps for quality steel production.
  • Key Features of the policy:
    • Promote Circular Economy: Utilized steel scraps from old vehicles and white goods and hence reduce dependency on imports.
    • Extended Producer Responsibility: Automobile manufacturers will be incentivized to design vehicles keeping in mind the recyclability at the end of the life of the vehicle.
    • Facilitator role: The central government will act as a facilitator to create a conducive ecosystem for the investors and entrepreneurs to establish scrappage centers in the country.
    • Principle of 6Rs: Reduce, Recycle, Reuse, Recover, Redesign, and Remanufacture.

Current status of steel recycling:

  • Presently, recycled steel usage in steel production is only around 10%.
  • Recycled steel contributes to around 22.5% of domestic steel production of 140.5 million tonnes.

7. Consider the following statements regarding the International Organisation of Securities Commission (IOSCO):

  1. It is an intergovernmental body set up in 1983.
  2. It is headquartered in Madrid (Spain).
  3. SEBI is a member of the IOSCO board.

(A) 1 and 2 only

(B) 1 and 3 only

(C) 2 and 3 only

(D) 1, 2 and 3

Show Answer

Correct Answer: (C)

About the International Organisation of Securities Commission (IOSCO) :

  • It is an International Organisation established in 1983.
  • It is headquartered in Madrid (Spain).
  • The Securities and Exchange Board of India (SEBI) is a member of the IOSCO Board.
  • Mandate of IOSCO:
    • Develop and implement high-quality standards of regulation to promote investor protection and reduce systematic risk.
    • Exchange information with securities regulators and assist them with operational and technical issues.
    • Establish standards for monitoring global investment transactions across borders and markets.

8. Consider the following statements regarding the appointment of Supreme Court Judges:

  1. CJI and other judges of SC are appointed by President under Article 124 (2) of the Constitution.
  2. Names recommended by the Collegium can be neglected by President on the ground of threat to the security of the state.

(A) 1 only

(B) 2 only

(C) 1 and 2

(D) Neither 1 nor 2

Show Answer

Correct Answer: (A)

Why this question?

  • Recently, the President of India has accepted the recommendations made by the Collegium for the appointment of five judges in the Supreme Court.
  • After this, the strength of SC will raise to 32 against the sanctioned strength of 34.
  • The total number of SC judges is decided by Parliament under Article 124 (1).

About Judges appointment procedure

  • Chief Justice of India (CJI) and other Judges of the Supreme Court are appointed by the President of India under Article 124(2) with the help of the collegium system.
  • Evolution of Collegium System with three Judge cases:
    • First Judge Case 1981/SP Gupta Case: Consultation with CJI does not mean concurrence.
    • Second Judge Case 1993/SCARA vs Union of India: CJI needs to consult with two other senior-most judges of SC and their recommendation will be binding on President.
    • Third Judge Case 1998: CJI should consult 4 senior-most judges of SC and their recommendation for appointment and transfer will be binding on President.
  • High Court Collegium constitutes Chief Justice and two other senior-most judges of respective High Court.

9. The report titled “Life Lesson from India” released by

(A) International Solar Alliance (ISA)

(B) International Energy Agency (IEA)

(C) NITI Aayog

(D) World Economic Forum (WEF)

Show Answer

Correct Answer: (B)

Why this question?

  • Recently, International Energy Agency (IEA) issued a report titled “Life Lesson from India”.
  • It examines how India has integrated various policies into its energy transition strategy that are aligned with LiFE initiative.

Important highlights in the report:

  • Reduce CO2 emission: LiFE initiatives will help to reduce CO2 emissions globally by 2 billion tonnes in 2030.
  • Energy Efficiency: Indian economy is already 10% more efficient than both the global and G20 averages.
  • Electricity Accessibility: India took less time to move from half to 100% electricity accessibility than other major economies.
  • Save Consumer: It will save consumers globally around $400 billion by 2030.

10. Consider the following statements regarding the LiFE Mission:

  1. It was launched by the Prime Minister of India at COP26.
  2. It plans to create and nurture a global network of “Pro-Planet People” (P3) who will have a shared commitment to adopt and promote an environmentally friendly lifestyle.

(A) 1 only

(B) 2 only

(C) 1 and 2

(D) Neither 1 nor 2

Show Answer

Correct Answer: (C)

About LiFE Mission:

  • It was launched by the Indian Prime Minister at COP26 to bring individual responsibility to protect the environment to the forefront of global climate action narrative.
  • It plans to create and nurture a global network of “Pro-Planet People” (P3) who will have a shared commitment to adopt and promote an environmentally friendly lifestyle.
  • LiFE mission also stressed replacing the prevalent “use and disposal” economy model with circular economy.
  • It is being piloted by NITI Aayog and implemented by MoEFCC during 2022-27.

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