All questions of Daily Current Affairs MCQs for UPSC CSE Exam

DICGC and Legal Recourse for Depositors

DICGC
Deposit Insurance and Credit Guarantee Corporation (DICGC) is a subsidiary of the Reserve Bank of India (RBI) that provides insurance cover to depositors in case of bank failure. It was established in 1978 under the Deposit Insurance and Credit Guarantee Corporation Act, 1961.

Legal Recourse for Depositors
Depositors having less than Rs 5 lakh in their bank account are insured by DICGC. In case of bank failure, they are entitled to receive an insurance cover of up to Rs 5 lakh per depositor, per bank. However, it is incorrect to say that they have no legal recourse to recover funds in case of bank collapse.

Correct Statement
The correct statement would be that depositors having less than Rs 5 lakh in their bank account have limited legal recourse to recover funds in case of bank collapse. They can approach the Debt Recovery Tribunal (DRT) or file a suit in a civil court to recover their dues. However, it is important to note that the process of recovering funds through legal channels can be time-consuming and may not guarantee a full recovery.

Conclusion
In conclusion, statement 1 is correct, and statement 2 is incorrect. Depositors having less than Rs 5 lakh in their bank account are insured by DICGC, and they have limited legal recourse to recover funds in case of bank collapse.

Pneumoconiosis is a lung disease that is often seen in the news, particularly in relation to workers in certain industries such as coal mining, construction, and manufacturing. The correct answer is option 'B': Black lung disease.

Here is a detailed explanation of why option 'B' is the correct answer:

1. What is Pneumoconiosis?
- Pneumoconiosis is a group of lung diseases caused by inhaling certain types of dust particles.
- When these dust particles accumulate in the lungs, they can cause inflammation, scarring, and damage to the lung tissue.

2. Black Lung Disease:
- Black lung disease, also known as coal workers' pneumoconiosis (CWP), is a specific type of pneumoconiosis.
- It is caused by the inhalation of coal dust particles, which are released during mining operations.
- Over time, the accumulated coal dust causes inflammation and scarring in the lungs, leading to respiratory symptoms and decreased lung function.

3. Risk Factors:
- Workers in coal mines are at the highest risk of developing black lung disease due to constant exposure to coal dust.
- The risk increases with the duration and intensity of exposure.
- Other occupations that involve exposure to dust particles, such as construction and manufacturing, can also increase the risk of developing pneumoconiosis.

4. Symptoms and Complications:
- Symptoms of pneumoconiosis may include coughing, shortness of breath, chest pain, and chronic respiratory infections.
- In advanced stages, it can lead to severe respiratory impairment, respiratory failure, and even death.
- The condition can also increase the risk of other lung diseases such as chronic bronchitis and tuberculosis.

5. Prevention and Control:
- Preventive measures include implementing proper dust control measures in workplaces, such as ventilation systems and personal protective equipment.
- Regular health check-ups and screenings for workers in high-risk occupations are essential to detect early signs of pneumoconiosis.
- Improved occupational safety regulations and strict enforcement can help reduce the incidence of these diseases.

In conclusion, pneumoconiosis, specifically black lung disease, is a lung disease caused by the inhalation of coal dust particles. It primarily affects workers in coal mines and can lead to severe respiratory symptoms and complications.

The movement were "Do or Die" and "Bharat Chhodo".4. The movement was launched in response to the failure of the Cripps Mission.

Which of the statements given above is/are correct?
A) 1 and 2 only
B) 2 and 3 only
C) 1, 3 and 4 only
D) 1, 2, 3 and 4

The correct answer is:
A) 1 and 2 only

Context of your question, it seems like the rest of your sentence is missing. Could you please provide more information or complete your question?

Organisation for Economic Co-operation and Development (OECD)

The Organisation for Economic Co-operation and Development (OECD) is an intergovernmental economic organization that was founded in 1961. It consists of 38 member countries, which are predominantly high-income economies with a very high Human Development Index (HDI). The primary objective of the OECD is to promote economic growth, improve living standards, and provide a platform for governments to discuss and collaborate on policy issues.

Statement 1: Organisation for Economic Co-operation and Development (OECD) is an intergovernmental economic organisation, whose members are high-income economies with a very high Human Development Index (HDI).

This statement is correct. The OECD consists of member countries that are considered to be high-income economies with a very high HDI. These countries are typically developed nations with advanced economies and a high level of human development.

Statement 2: The OECD is an official United Nations observer.

This statement is incorrect. While the OECD works closely with the United Nations (UN) and maintains a cooperative relationship, it is not an official UN observer. However, the OECD and the UN collaborate on various global issues and often align their work to achieve common goals.

Statement 3: The OECD has the power to enforce its decisions on its members.

This statement is incorrect. The OECD does not have the power to enforce its decisions on its member countries. It operates on the basis of consensus and mutual agreement among its members. The organization provides a platform for countries to discuss and share best practices, but it does not have the authority to impose binding decisions on its members.

In conclusion, statement 1 is correct as the OECD consists of high-income economies with a very high HDI. However, statement 2 is incorrect as the OECD is not an official UN observer. Statement 3 is also incorrect as the OECD does not have the power to enforce its decisions on its members. Therefore, the correct answer is option B, i.e., 1 and 2.

Overview of TAPAS Initiative:

The TAPAS initiative is a Massive Open Online Course (MOOC) platform that offers various courses in the field of social defence for the capacity building of stakeholders.

Key Points:
- The initiative focuses on providing online courses related to social defence, which includes areas such as child protection, women's safety, elderly care, drug abuse prevention, and more.
- It aims to reach a wide audience and make these courses accessible to stakeholders across the country.
- The platform utilizes technology to offer interactive and engaging courses that help learners acquire essential skills and knowledge in the field of social defence.
- TAPAS initiative aims to enhance the capacity of stakeholders, including government officials, social workers, law enforcement agencies, and community members, to effectively address social issues and contribute to social welfare.

Overall, the TAPAS initiative plays a crucial role in promoting learning and capacity building in the field of social defence through online courses, making education more accessible and impactful for stakeholders.

The what? Could you please provide more information or context so I can better understand and respond to your question or statement?

International Finance Corporation (IFC)

Statement 1: It was established as the private sector arm of the International Monetary Fund (IMF).
Statement 2: It offers investment, advisory, and asset management services to encourage private sector development in developing countries.

The correct answer is Option B: 2 only because Statement 1 is incorrect.

Explanation:

About International Finance Corporation (IFC):
The International Finance Corporation (IFC) is an international financial institution that is a member of the World Bank Group. It was established in 1956 and is headquartered in Washington, D.C., United States.

Statement 1: It was established as the private sector arm of the International Monetary Fund (IMF).
This statement is incorrect. The International Finance Corporation (IFC) is not the private sector arm of the International Monetary Fund (IMF). The IMF and the IFC are two separate entities. While the IMF focuses on macroeconomic stability and provides financial assistance to countries facing balance of payments problems, the IFC's main objective is to promote private sector investment in developing countries.

Statement 2: It offers investment, advisory, and asset management services to encourage private sector development in developing countries.
This statement is correct. The primary objective of the International Finance Corporation (IFC) is to promote private sector development in developing countries. It achieves this by offering a range of services including investment, advisory, and asset management services. The IFC provides financing to private sector companies in developing countries, supports infrastructure projects, and provides advisory services to help businesses improve their operations and governance practices.

The IFC also plays a crucial role in mobilizing private capital for development by partnering with commercial banks, institutional investors, and other private sector entities. It focuses on sectors such as agribusiness, manufacturing, financial services, infrastructure, and renewable energy, among others.

In conclusion, the correct answer is Option B: 2 only as Statement 1 is incorrect and Statement 2 is correct.

Answer ( B ) 2 only