Daily Current
Affairs
Questions
July 2022 Part 12
Index
1. African
Union
2. Alluri
Sitarama Raju
3. Angel investment
4. Artificial Intelligence in Defence’
5. Chekurinji
6.
Competition Commission of India
7. electromagnetic
aircraft launch system (EMALS)
8. Environment
(Protection) Act, 1986
9. External Commercial Borrowing (ECB)
10. Global biodiversity conclave’
11. Global Findex database
12. Goods and Services Tax (GST).
13. G-sec
14.
GST council
15. Ilaiyaraaja
16. Indian Naval
Air Squadron 324
17. INS Tarkash
18. Kai
Chutney’
19. Mekong River
20. Ministry of Culture
21. Ministry
of Tribal Affairs
22. Mitochondrial
DNA
23. Nairobi
Flies
24. Primary
Agricultural Credit Societies (PACS)
25. Primary
Agriculture Credit Societies (PACS)
26. private
sector banking
27. PSLV Orbital
Experimental Module (POEM)
28.
PSLV-C53’ mission
29.
Public Distribution System (PDS).
30.
Rare Earth Minerals
31. Rath
Yatra
32. Resolution
of the house
33. Seismology
and helioseismology
34. Seventh
Schedule
35. Shinzo Abe
36. Stand-Up
India Scheme
37. Startup School India (SSI)’ initiative
38. Udyami
Bharat Programme
39. Universal
Service Obligation Fund
40. Varroa mite
41. Vice
President of India
42. Western
Ghats
43. World
Summit of Information Society
44. World
Urban Forum
45. world-class Shopping Festival
46. world's
first multi-beam E-band Radio
47. YSR
Yantra Seva Yojana
48. Yun
Suk-ol
49. Yuri
Averbakh
50. Zuljanah
1. Consider the
following statements regarding the African Union
(AU):
1.
In 2002, the Organisation of African Unity was succeeded by the
African Union.
2.
All the countries of Africa are members of AU.
Which of the
above statements is/are not correct?
A 1 only B 2 only
C Both 1 and
2 D Neither 1 nor 2
African Union
§ The
African Union (AU) is a continental body consisting of the 55 member states
that make up the countries of the African Continent.
§ The
African Union is celebrating its 20th Anniversary on 9th of July 2022.
§ In 1963, the Organisation
of African Unity (OAU) was founded by the independent states of
Africa. The organisation aimed to promote cooperation between
African states.
§ The 1980
Lagos Plan of Action was adopted by the Organisation of African Unity. The plan
suggested that Africa should minimise reliance upon the West by promoting
intra-African trade.
§ In 2002, the Organisation of African Unity was
succeeded by the African Union, which had as
one of its goals to accelerate the "economic integration of
the continent”. Hence statement 1 is correct.
§ The AU
is made up of 55 Member States which represent all the countries on the African
continent. AU Member States are divided into five
geographic regions. which were defined by the OAU in 1976. Hence
statement 2 is correct.
o Central
Africa
o Eastern Africa
o Northern
Africa
o Southern
Africa
o Western
Africa
2. Consider the
following statements about Alluri
Sitarama Raju:
1.
He played a major part as a leader in the Rampa Rebellion/Manyam
Rebellion of 1922.
2.
He asserted that India could be liberated only by the use of
force, not non-violence.
3.
He was nicknamed Manyam Veerudu by local villagers for his
heroic exploits.
Which of the
statements given above is/are correct?
A 1 and 2
only B 2
and 3 only
C 1 and 3
only D 1, 2 and 3
§ Alluri
Sitarama Raju was an Indian revolutionary involved in the Indian independence
movement.
o He was
born in present-day Andhra Pradesh in 1897 or 1898.
o He became
a sanyasi at the age of 18 and gained a mystical aura among the hill and tribal
peoples with his austerity, knowledge of astrology and medicine, and his
ability to tame wild animals.
§ At a very
young age, Raju channelled the discontent of the hill people in Ganjam,
Visakhapatnam, and Godavari into a highly effective guerrilla resistance
against the British.
§ He became
involved in anti-British activities in response to the 1882 Madras Forest Act,
which effectively restricted the free movement of Adivasis (tribal communities)
in their forest habitats and prevented them from practicing a traditional form
of agriculture known as podu (shifting cultivation).
§ Rising
discontent towards the British led to the Rampa Rebellion/Manyam
Rebellion of 1922, in which he played a major part as a leader. Hence,
statement 1 is correct.
o The Rampa
Rebellion coincided with Mahatma Gandhi’s Non-Cooperation Movement. He
persuaded people to wear khadi and give up drinking.
o But at the
same time, he asserted that India could be liberated only by the
use of force, not non-violence. Hence, statement 2 is correct.
§ He was
nicknamed "Manyam Veerudu" (Hero of the Jungle) by
local villagers for his heroic exploits. Hence, statement 3 is
correct.
§ In 1924,
Raju was taken into police custody, tied to a tree, and shot by a public
execution, effectively ending the armed rebellion.
3. Consider the following statements:
1. Angel investment is a form of equity financing where the investor supplies funding in
exchange for taking an equity position in the company.
2. Angle investment is riskier because the invested
capital does not have to be paid back in the event of the business failing.
3. Angel funds in India are regulated by RBI under the
umbrella regulations for Alternative Investment Funds (AIFs).
Which of the above statement(s) is/are correct?
a. 1 and 2 only b. 2
and 3 only
c. 1 and 3 only d. 1,
2 and 3
Answer : a
Angel Investment
Angel investment is a form of equity financing where the investor supplies
funding in exchange for taking an equity position in the company.
Angel funds invest in very early-stage businesses providing capital for
start-ups or expansion.
Angle investment is much riskier than debt financing as unlike a loan,
invested capital does not have to be paid back in the event of the business
failing.
The angel fund will have a say in how the business is run and will also
receive a portion of the profits when the business is sold.
Angel funds in India are regulated by SEBI under the umbrella regulations
for Alternative Investment Funds (AIFs).
4. Where is the ‘Artificial Intelligence in
Defence’ (AIDef) symposium and exhibition organised? New Delhi
Defence Minister Rajnath Singh inaugurated the first ever ‘Artificial
Intelligence in Defence’ (AIDef) symposium and exhibition in New Delhi.
It was organised by Department of Defence Production, Ministry of Defence, to
showcase the cutting edge AI-enabled solutions developed by the Services,
research organisations, Industry and start-ups and launch of AI products for
the market. A ‘GenNext AI’ Solutions Competition was also organised.
5. Which one of
the following best describes ‘Chekurinji’?
A It's a fish
species of Periyar Wildlife Sanctuary.
B It's a
plant species endemic to the Agastyamala Biosphere reserve.
C It's a
recently discovered ancient Human Species.
D It's a
species of insect native to East Africa.
§ Chenkurinji (Gluta
travancorica), is a plant species endemic to the Agasthyamala
Biosphere Reserve.
o This
Anacardiaceae family tree was once abundant in the hills on the southern parts
of Aryankavu Pass, but its presence has been rapidly declining over the years.
o It's used
to lower blood pressure and treat arthritis.
o It’s a
native species of South India.
§ Recently
‘Save Chenkurinji’, a campaign has been launched to protect it from climate
change.
o It aims to
plant thousands of saplings as part of the campaign in the ghat sectors of the
Kollam and Pathanamthitta districts.
§ Hence, option B is correct.
