EDEN IAS

Daily MCQ UPSC Current Affairs

Daily MCQs for UPSC Current Affairs | 15TH NOVEMBER 2022

Question 15: Consider the following statements:

  1. Investor Education and Protection Fund Authority is established under the provisions of the Companies Act, 2013.
  2. The Authority is entrusted with the responsibility of administration of the Investor Education Protection Fund (IEPF), make refunds of shares, unclaimed dividends etc. to investors.

Which of the following statements is/are true?

  1. 1 only
  2. 2 only
  3. 1 and 2 only
  4. Neither 1 nor 2

Correct Answer: C

Explanation

  • For administration of Investor Education and Protection Fund Government of India has on 7th September 2016 established Investor Education and Protection Fund Authority under the provisions of section 125 of the Companies Act, 2013.
  • The Authority is entrusted with the responsibility of administration of the Investor Education Protection Fund (IEPF), make refunds of shares, unclaimed dividends, matured deposits/debentures etc. to investors and to promote awareness among investors.

The IEPF is to be utilized for:

  • The refund in respect of unclaimed dividends, matured deposits, matured debentures, the application money due for refund and interest thereon.
  • Promotion of investors’ education, awareness and protection.
  • Distribution of any disgorged amount among eligible and identifiable applicants for shares or debentures, shareholders, debenture-holders or depositors who have suffered losses due to wrong actions by any person, in accordance with the orders made by the Court which had ordered disgorgement.
  • Reimbursement of legal expenses incurred in pursuing class action suits under sections 37 and 245 by members, debenture-holders or depositors as may be sanctioned by the Tribunal.

Question 16: Consider the following statements:

  1. India has become the second country in international cricket to implement equal pay for men and women players.
  2. SDG goal 5 is about achieving gender equality.

Which of the following statements is/are true?

  1. 1 only
  2. 2 only
  3. 1 and 2 only
  4. Neither 1 nor 2

Correct Answer: C

Explanation

  • India has become the second country in international cricket to implement equal pay for men and women players, first being New Zealand.
  • SDG goal 5 is about achieving gender equality.

Question 17: Consider the following statements with respect to Trade Receivables Discounting System (TREDS):

  1. TREDS is an electronic platform for facilitating the financing / discounting of trade receivables of Micro, Small and Medium Enterprises (MSMEs) through multiple financiers.
  2. Only MSMEs can participate as sellers in TREDS.
  3. Authorization is required to set up and operate a TREDS platform from RBI under the Payment and Settlement Systems (PSS) Act, 2007.

Which of the following statements is/are true?

  1. 1 and 2
  2. 2 and 3
  3. 1 and 3
  4. 1,2 and 3

Correct Answer: D

Explanation

Trade Receivables Discounting System (TREDS):

  • TREDS is an electronic platform for facilitating the financing / discounting of trade receivables of Micro, Small and Medium Enterprises (MSMEs) through multiple financiers.
  • These receivables can be due from corporates and other buyers, including Government Departments and Public Sector Undertakings (PSUs).
  • Only MSMEs can participate as sellers in TREDS.
  • Corporates, Government Departments, PSUs and any other entity can participate as buyers in TREDS.
  • Banks, NBFC – Factors and other financial institutions as permitted by the Reserve Bank of India (RBI), can participate as financiers in TREDS.
  • Whether any authorization is required to set up and operate a TREDS platform?
  • Yes, authorization is required to be obtained from RBI under the Payment and Settlement Systems (PSS) Act, 2007.

Question 18: Consider the following statements:

  1. There is no blue flag beach in Goa.
  2. Blue Flag certification is awarded by the Denmark-based non-profit Foundation for Environmental Education or FEE.
  3. The mission of Blue Flag is to promote sustainability in the tourism sector, through environmental education, environmental protection and other sustainable development practices.

Which of the following statements is/are true?

  1. 1 and 2
  2. 2 and 3
  3. 1 and 3
  4. 1,2 and 3

Correct Answer: D

Explanation

  • Recently, Minicoy Thundi Beach and Kadmat Beach Lakshadweep adds to the list of blue flag certified beaches in India. After the addition, the tally of total blue flag endorsed beaches in India stands at 12.
  • There is no blue flag beach in Goa, however, Goa is highly acclaimed for its beaches.
  • Karnataka and Lakshadweep 4 out of 12 blue flag-certified beaches of India are from these states, two beaches belonging to each of the states.

About Blue Flag tag or Blue Flag certification:

  • Certification is awarded by the Denmark-based non-profit Foundation for Environmental Education or FEE.
  • The mission of Blue Flag is to promote sustainability in the tourism sector, through environmental education, environmental protection and other sustainable development practices.
  • It is awarded to beaches, marinas and sustainable boating tourism operators.
  • Award is based on compliance to four main categories: Environmental Education and Information; Water Quality; Environmental Management; Safety and Services.

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