Daily Quiz[WpAdvQuiz_toplist 47]

Solution (d)
Explanation:
• India and Myanmar share a land border. The Tamu-Moreh border is a well-known crossing between India and Myanmar. (Option (a) is incorrect)
• Bangladesh and Myanmar share a land border. The Teknaf-Myawaddy border is a crossing between Bangladesh and Myanmar. (Option (b) is incorrect)
• India and Bhutan share a border, but Petrapole-Benapole is not located on this border. The Jaigaon-Phuentsholing border is a key crossing between India and Bhutan. (Option (c) is incorrect)
• The Petrapole-Benapole border is a major crossing point between India and Bangladesh. Petrapole is on the Indian side in West Bengal, and Benapole is on the Bangladeshi side. The Petrapole-Benapole border is the busiest land port between India and Bangladesh, facilitating significant trade and movement of people. (Option (d) is correct)

Source: https://www.thehindu.com/news/international/bangladesh-protests-live-updates-students-protest-august-5-sheikh-hasina/article68486955.ece

Solution (b)

Explanation:

• Although the Ministry of Corporate Affairs plays a significant role in corporate governance and regulates the Companies Act, 2013, it did not introduce the BRSR. The Ministry of Corporate Affairs introduced the National Guidelines on Responsible Business Conduct (NGRBC). (Option (a) is incorrect)
• The Securities and Exchange Board of India (SEBI) introduced the Business Responsibility and Sustainability Reporting (BRSR) framework to enhance environmental, social, and governance (ESG) disclosures of listed companies. SEBI mandated the top 1,000 listed companies by market capitalization to submit BRSR disclosures from the financial year 2022-23 onwards. (Option (b) is correct)
• The Reserve Bank of India (RBI) is the central bank of the country and deals with monetary policy and banking regulations but not with corporate sustainability reporting. The RBI introduced the “Priority Sector Lending” guidelines to promote lending to specific sectors like agriculture and MSMEs. (Option (c) is incorrect)
• The Ministry of Finance oversees fiscal policy, government expenditure, and financial regulations but does not directly handle corporate sustainability reporting. The Ministry of Finance introduced the Goods and Services Tax (GST) in India to streamline the tax system. (Option (d) is incorrect)

Source: https://www.thehindu.com/opinion/op-ed/balancing-competition-and-sustainability-for-india/article68484722.ece

Solution (d)

Explanation:

• The SERB was established by an Act of Parliament in 2008. It promotes and funds scientific research in India. SERB supports research projects, fellowships, and funding for scientific and engineering research. (Option (a) is correct)
• The ANRF has been designed to subsume existing organizations like SERB to provide a unified structure for funding and promoting scientific research in India. By subsuming SERB, ANRF aims to streamline and enhance the funding mechanisms for scientific research. (Option (b) is correct)
• ANRF is intended to function as an apex body to guide and strategically manage scientific research efforts in India. ANRF provides strategic direction, prioritizes research areas, and ensures alignment with national goals. (Option (c) is correct)
• The ANRF was established by an Act of Parliament, not by a mere resolution. It was created to consolidate and manage the research funding landscape in India effectively. The establishment of ANRF through an Act ensures it has a strong legal foundation and a mandate to support scientific research comprehensively. (Option (d) is incorrect)

Source: https://www.thehindu.com/sci-tech/science/what-do-leading-scientists-make-of-the-rd-budget-in-modis-third-term/article68484693.ece

Solution (c)

Explanation:

• The SARFAESI Act empowers banks and financial institutions to auction properties (residential or commercial) of defaulters to recover outstanding loans without the intervention of the court. Banks can seize and sell assets of a borrower who has defaulted on a loan to recover their dues. (Statement 1 is correct)
• The SARFAESI Act provides for the creation of Asset Reconstruction Companies (ARCs) that specialize in the acquisition and management of non-performing assets (NPAs). ARCs purchase bad loans from banks and attempt to recover them or restructure them. (Statement 2 is correct)
• The SARFAESI Act allows borrowers to appeal to the Debt Recovery Tribunal (DRT) if they believe the action taken by the bank or financial institution is unjust. A borrower can challenge the possession notice issued by a bank by appealing to the DRT within 45 days of receiving the notice. (Statement 3 is correct)

Source: https://www.thehindu.com/business/Industry/banks-to-identify-msme-stress-before-turning-their-accounts-to-npa/article68485856.ece#:~:text=The%20Supreme%20Court%20has%20held,turn%20into%20non%2Dperforming%20assets.

Solution (a)

Explanation:

• Ceramics are known for their chemical stability and resistance to acidic and alkaline environments. Ceramic tiles and linings are often used in chemical processing plants where they are exposed to corrosive substances. (Statement 1 is correct)
• While there are advanced ceramics that have improved toughness, the majority of traditional ceramics (like porcelain, glass, and earthenware) are brittle and can break or shatter under stress. Porcelain dishes, which are a type of ceramic, can easily break if dropped. (Statement 2 is incorrect)
• Ceramics are used extensively in space applications due to their ability to withstand extreme temperatures and their excellent thermal insulation properties. Space shuttle tiles, which are made of silica-based ceramics, protect the shuttle from the intense heat of re-entry into the Earth’s atmosphere. (Statement 3 is incorrect)

Source: https://www.thehindu.com/sci-tech/science/what-are-ceramics/article68484408.ece