Daily Current Affairs MCQ- June 14, 2024 - UPSC MCQ

Consumer Price Index numbers on base 2012=100 for rural, urban and combined for the month of May 2024.

About Consumer Food Price Index (CFPI)

• The Consumer Food Price Index (CFPI) is a measure of change in retail prices of food items consumed by the population.
• It is a specific measure of inflation that focuses exclusively on the price changes of food items in a consumer's basket of goods and services.
• The CFPI is a sub-component of the broader Consumer Price Index (CPI) and is used by the Reserve Bank of India (RBI) to track inflation.
• The Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation (MOSPI) started releasing CFPI for three categories -rural, urban and combined - separately on an all-India basis with effect from May 2014.
• Methodology: Like Consumer Price Index (CPI), the CFPI is also calculated on a monthly basis and the methodology remains the same as CPI.
  • The base year presently used is 2012.
  • The CSO has revised the Base Year of the CPI and CFPI from 2010 to 2012 in January 2015.

Hence option b is the correct answer.

G7 leaders start their annual summit on June 13 looking to double down on support for Ukraine in its war with Russia and offer a united face in confronting China's political and economic ambitions.

About G7

• The G7 (Group of Seven) is an intergovernmental political and economic forum.
• Members: Canada, France, Germany, Italy, Japan, United Kingdom, and United States; European Union as a non-enumerated member
• The G7 was established in 1975. Russia was included in the late 1990s, creating the G8, but was suspended in 2014 after the annexation of Crimea.
• Function: The G7 meets annually to discuss and coordinate economic policies. The leaders address many global issues, including monetary policy, security, energy, and climate change.
• Significance: While the G7 cannot enact laws, its past decisions have had significant global consequences
• Summits: The annual G7 summit is hosted by one of the member countries, which rotates each year. The summits provide a platform for the leaders to discuss pressing global issues and coordinate policy responses.
  • The 2024- G7 summit will take place from June 13-15 in Apulia, Italy. Italy holds the G7 presidency in 2024.

Hence option c is the correct answer.

Of the 30 Union ministers in the newly formed Indian cabinet, only two are women. Overall, the number of ministers in the central council has reduced from 10 in the previous government to seven.

About Report

• The Global Gender Gap Report 2024, released by the World Economic Forum (WEF), highlights the persistent gender inequality across various sectors globally.

Findings

• Top-Ranking Countries: Iceland has maintained its position as the most gender-equal country for the 14th consecutive year, with a gender gap score of 91.2%.
  • Other Nordic countries, such as Norway, Finland, and Sweden, also rank high in the top five.
• India ranked 129 in this year’s index, scoring marginally lower than the previous edition.
• This slight regression is mainly the result of small declines in ‘Educational Attainment’ and ‘Political Empowerment’, while ‘Economic Participation and Opportunity’ slightly improved.
• India ranked the third-lowest among the South Asian economies, faring worse than Bangladesh, Nepal, Sri Lanka and Bhutan.

Hence option b is the correct answer.

In the wake of the rising public health threat caused by parasitic infection visceral leishmaniasis (VL),(kala-azar), the WHO launched a new framework to guide health authorities, policy makers and other stakeholders to eradicate the disease in eastern Africa.

About

• Kala-azar, also known as visceral leishmaniasis (VL), is a severe form of leishmaniasis caused by the protozoan parasite Leishmania donovani.
• It is transmitted to humans through the bite of an infected female sandfly, primarily Phlebotomus argentipes in India.
• Symptoms: The disease is characterized by irregular bouts of fever, substantial weight loss, swelling of the spleen and liver, and severe anemia if left untreated, which can lead to death within two years.
• Diagnosis: Diagnosis is made by combining clinical signs with parasitological or serological tests, such as the rK39 diagnostic kit.
• Kala-azar is endemic in 75 countries across Asia, Africa, and the Americas, with India accounting for 18% of the global burden in 2020.

Hence option a is the correct answer.

Sea cucumbers, scavengers of the seafloor that resemble cylindrical vegetables, have been consumed as a delicacy in Asia for centuries. But in recent decades, they’ve been severely overharvested to the point that they are now quite rare.

About

• Sea cucumbers are marine animals that belong to the class Holothuroidea, which is part of the phylum Echinodermata.
• They are found in saltwater environments worldwide, primarily on or near the seabed, and are characterized by their soft, leathery skin and elongated bodies.
• Sea cucumbers are the janitors of tropical seas.
  • Just as a vacuum cleaner consumes dirt and fills up its bag, sea cucumbers consume bacteria and decaying organics from the seafloor and convert this into sea cucumber body mass, reducing the “food” available to support growth of microbial pathogens.

Appearance and Habitat

• Size and Colors: Sea cucumbers come in various sizes, ranging from 0.75 inches to 10 feet long, and display a wide array of colors, including brown, red, orange, yellow, white, blue, and patterns.
• Body Structure: They have bumps on their bodies and lack eyes and a brain but have evolved clever ways to navigate, defend themselves, and forage for food.
• Threat: Sea cucumbers are preyed upon by various marine animals and are also consumed by humans. Overfishing is a significant threat to their populations, with more than 70 species being exploited for profit.
• Symbiotic Relationship: Some species of sea cucumber have a symbiotic relationship with the star pearlfish, which uses the sea cucumber's body as shelter.

Hence option c is the correct answer.

Paleontologists recently discovered a new species of pterosaur after analysing 100-million-year-old fossilised bones uncovered in western Queensland, Australia.

About Pterosaur:

• A pterosaur is any of the flying reptiles that flourished during all periods (Triassic, Jurassic, and Cretaceous) of the Mesozoic Era (252.2 million to 66 million years ago). 
• Although pterosaurs are not dinosaurs, both are archosaurs, or “ruling reptiles,” a group to which birds and crocodiles also belong. 
• Pterosaurs were not only the first reptiles capable of flight. They were also the first vertebrates to fly.
• It included the largest vertebrate ever known to fly: the late Cretaceous Quetzalcoatlus.
• The appearance of flight in pterosaurs was separate from the evolution of flight in birds and bats; pterosaurs are not closely related to either birds or bats and thus provide a classic example of convergent evolution.
• Their wings were formed by a sophisticated membrane of skin stretching from the thorax to a dramatically lengthened fourth finger.
• Earlier species had long, fully-toothed jaws and long tails, while later forms had a highly reduced tail and some lacked teeth.
• They often had long necks, which sometimes had throat pouches similar to pelicans' for catching fish.
• The pterosaurs went extinct at the end of the Cretaceous period, around 65.5 million years ago, during the mass extinction known as the Cretaceous-Tertiary extinction event (K-T extinction event).
• When the pterosaurs disappeared, their role as the dominate vertebrates in the skies was taken over by the birds, which are considered to be of dinosaur ancestry.

Hence option a is the correct answer.

The Telangana High Court has ruled against a taxpayer against whom the revenue department had invoked the General Anti-avoidance Rule (GAAR).

About General Anti-Avoidance Rule (GAAR):

• GAAR is an anti-tax avoidance law in India to curb tax evasion and avoid tax leaks.
• It came into effect on 1st April 2017.
• The GAAR provisions come under the Income Tax Act, 1961.
• GAAR is a tool for checking aggressive tax planning, especially those transactions or business arrangements that are entered into with the objective of avoiding tax.
• It is specifically aimed at cutting revenue losses that happen to the government due to aggressive tax avoidance measures practiced by companies.
• It is meant to apply to transactions that are prima facie legal, but result in tax reduction.
• Broadly, tax reduction can be divided into three categories.
• Tax mitigation is a ‘positive’ term in the context of a situation where taxpayers take advantage of a fiscal incentive provided to them by tax legislation by complying with its conditions and taking cognisance of the economic consequences of their actions.
• Tax mitigation is permitted under the Act. This tax reduction is acceptable even after GAAR has come into force.
• Tax evasion is when a person or entity does not pay the taxes that are due to the government.
• This is illegal and liable to prosecution. Illegality, wilful suppression of facts, misrepresentation, and fraud—all constitute tax evasion, which is prohibited under law.
• This is also not covered by GAAR, as the existing jurisprudence is sufficient to cover tax evasion/Sham transactions.
• Tax avoidance includes actions taken by a taxpayer, none of which are illegal or forbidden by the law.
• However, although these are not prohibited by the law, they are considered undesirable and inequitable since they undermine the objective of effective collection of revenue.
• GAAR is specifically against transactions where the sole intention is to avoid tax.
• In this, the taxpayers used legal steps which results in tax reduction, which steps would not have been undertaken if there was no tax reduction.
• This kind of tax avoidance planning is sought to be covered by GAAR.
• With GAAR, there is no difference between tax avoidance and tax evasion. All transactions which have the implication of avoiding tax can come under the scanner of GAAR.

Hence option b is the correct answer.

CSIR-Indian Institute of Chemical Technology (IICT) scientists have spotlighted the potential of Chlorella Growth Factor (CGF), a protein-rich extract derived from the microalgae ‘Chlorella sorokiniana’, as an ideal ingredient for a wide range of food and feed applications.

About Microalgae:

• They are microscopic algal species, as opposed to other algae that are macroscopic.
• They are mostly unicellular, although some complex associations giving colonies with larger structures exist.
• Depending on the species, their sizes can range from a few micrometers (µm) to a few hundreds of micrometers.
• Unlike higher plants, microalgae do not have roots, stems, or leaves.
• They are mostly photosynthetic. Their ability to photosynthesize is due to the presence of photosynthetic pigments. 
• They can be found in a variety of aquatic habitats, being able to thrive in freshwater, brackish, marine, and hypersaline aquatic environments.
• Examples of unicellular algal species are green algae, diatoms, and dinoflagellates.
• Importance:
• They play a pivotal role in ecosystems as primary producers.
• Their adaptability and diverse taxonomy make them a crucial component of aquatic food webs, supporting various organisms and influencing nutrient cycling. 
• They are a rich resource of lipids, proteins, carbohydrates, and pigments with nutritional and health benefits.
• Spirulina and Chlorella, two types of microalgae, are often consumed as dietary supplements.
• Through photosynthesis, they release oxygen as a byproduct, and thus, they are a vital contributor of oxygen in the environment. 
• They can form symbiotic relationships with other organisms. For example, they live within the tissues of corals (zooxanthellae) and provide them with nutrients through photosynthesis.
• Some of them are also capable of fixing nitrogen. Eg: Nostoc, Anabaena, and Oscillatoria.

Hence option c is the correct answer.

Malawi’s Vice President Saulos Klaus Chilima and nine others died in a plane crash. The military aircraft left Lilongwe but couldn’t land at Mzuzu due to poor visibility and lost contact after being ordered back. President Lazarus Chakwera confirmed the wreckage was found in Chikangawa Forest with no survivors. Chilima, once a potential presidential candidate, was cleared of graft charges last month.

The Madhya Pradesh government has prepared the Gandhi Sagar Wildlife Sanctuary to become a new cheetah habitat. Teams from Kenya and South Africa assessed the site, and prey animals were relocated from other tiger reserves. Eight Namibian cheetahs were released at Kuno National Park in 2022, followed by 12 more from South Africa in 2023. The Chief Minister directed a study on introducing rhinos and other rare animals to the state.