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'Spotlight initiative' is associated with:
  • a)
    Increasing episodes of coral bleachingdue to climate change.
  • b)
    Increase in cases of violence againstwomen.
  • c)
    Use of solar energy for electrification ofhard to reach areas.
  • d)
    Misuse of crypto currency platforms forillegal activities.
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Spotlight initiative is associated with:a)Increasing episodes of coral...
Introduction:
The Spotlight Initiative is a global partnership between the United Nations and the European Union aimed at eliminating all forms of violence against women and girls. It is the world's largest targeted effort to address this issue and is based on the principles of the 2030 Agenda for Sustainable Development.

Explanation:
The correct answer is option 'B' - an increase in cases of violence against women. The Spotlight Initiative focuses on addressing the root causes of violence against women and girls, promoting gender equality, and empowering women and girls to live a life free from violence.

Key Points:
Here are some key points to support this answer:

1. Objective:
The main objective of the Spotlight Initiative is to eliminate all forms of violence against women and girls, including domestic violence, sexual assault, and harmful practices such as child marriage and female genital mutilation. It seeks to promote gender equality and women's empowerment.

2. Global Reach:
The initiative is global in scope and covers multiple countries across different regions, including Africa, Asia, Latin America, the Caribbean, and the Pacific. It aims to address violence against women and girls in both conflict and non-conflict settings.

3. Comprehensive Approach:
The Spotlight Initiative takes a comprehensive approach to address violence against women and girls. It focuses on five key areas: legislation and policies, prevention programs, services for survivors, data and research, and engaging men and boys as allies in the fight against gender-based violence.

4. Multi-Sectoral Collaboration:
The initiative brings together various stakeholders, including governments, civil society organizations, UN agencies, and the private sector, to work collaboratively towards achieving its objectives. It encourages partnerships and cooperation at the national, regional, and global levels.

5. Funding:
The Spotlight Initiative is supported by significant financial contributions from the European Union, which has pledged €500 million, and additional funding from other partners. The funds are used to implement programs and interventions that address violence against women and girls.

Conclusion:
The Spotlight Initiative is a global effort to eliminate violence against women and girls. By focusing on comprehensive strategies and multi-sectoral collaboration, it aims to create a world where women and girls can live free from violence and discrimination.
Community Answer
Spotlight initiative is associated with:a)Increasing episodes of coral...
  • Recently, United Nations (UN) has released an impact report of the Spotlight Initiative which highlighted the sharp increase in the cases of violence against women, making it a shadow pandemic, amidst the COVID-19 pandemic.
  • Spotlight initiative is the world’s largest targeted effort to end all forms of violence against women and girls.
Hence, option (b) is the correct answer.
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Financial inclusion plays a crucial role in inclusive development and sustainable prosperity as is being increasingly recognised and acknowledged globally. Large segment of population need to be part of formal payment system and financial markets. Financial inclusion would also broaden and deepen financial savings and lead to higher economic development.Previous initiatives: While financial sector policies in India have long been driven by the objective of increasing penetration and outreach, the goal of inclusion has eluded us. About 41 per cent of adult population remain unbanked and the number of loan account covers only 14 percent of adult population. The previous initiatives included (i) the expansion of network of cooperative banks to provide credit to agriculture and saving facilities in rural areas, (ii) nationalism of bank in 1969 and expansion of branches and (iii) creation ofan elaborate framework of priority sector lending with mandated targets as part of a strategy to meet the savings and credit needs of large section of the Indian population who had no access to institutional finance. Given the sheer enormity of the challenge, however the outcomes of these efforts have so far been mixed.Recent initiatives/out of the box approaches: Recent initiative include (i) “no frill” account for retail purpose; (ii) simplified KYC (Know Your Customer) (iii) Credit counselling centre facilities; (iv) use of NGOs and formation of SHGs; (v) Kisan credit cards service and (vi) extension of smart cards. The finance Minister in his Budget Speech of 2007-08 also laid down provision for funding of financial inclusion goals. The Rangarajan Committee also spelt out priorities for meeting financial inclusion objectives. Two of the more important approaches in the recent times included the use of technology such as smart cards and mobile telephone banking. The potential for their spread can be vast especially in combination with banking correspondence approach launched recently.New entry and competition: In addition, new competition and entry also play crucial roles, as is evident from the global experience. Two particular initiatives have included the role of Micro Financial Institutions (MFIs) and Non-Bank Finance Companies (NBFCs). MFI activities have surged in recent years, but has come under scrutiny and regulation. Services expanded at a fast rate, providing access on better terms than the alternatives of traditionalmoney lenders. However, better regulation is also needed. On NBFCs, gold pawn establishment have also provided alternate access and are fast expanding in urban and semi-urban settings. As far as caps on interest rates are concerned, as in case of other products, ‘subsidies’ in the form of low interest are often an inhibitor of access to services because of rationing and misuse.Financial Literacy: Any policy initiative seeking to afford greater access to financial services to financial services to a large segment of the population must necessarily address bridging the existing knowledge gap in financial education and literacy. Over the last decade or so, researcher all over the world, especially in the developed countries, have, therefore, started to study and explore whether individuals are wellequipped to make financial decisions. Financial education and literacy assumes urgency in any given scenario.Q.What is meant by the term financial literacy?

Read the information given below carefully and answer the following question.Financial inclusion plays a crucial role in inclusive development and sustainable prosperity as is being increasingly recognised and acknowledged globally. Large segment of population need to be part of formal payment system and financial markets. Financial inclusion would also broaden and deepen financial savings and lead to higher economic development.Previous initiatives: While financial sector policies in India have long been driven by the objective of increasing penetration and outreach, the goal of inclusion has eluded us. About 41 per cent of adult population remain unbanked and the number of loan account covers only 14 percent of adult population. The previous initiatives included (i) the expansion of network of cooperative banks to provide credit to agriculture and saving facilities in rural areas, (ii) nationalism of bank in 1969 and expansion of branches and (iii) creation ofan elaborate framework of priority sector lending with mandated targets as part of a strategy to meet the savings and credit needs of large section of the Indian population who had no access to institutional finance. Given the sheer enormity of the challenge, however the outcomes of these efforts have so far been mixed.Recent initiatives/out of the box approaches: Recent initiative include (i) “no frill” account for retail purpose; (ii) simplified KYC (Know Your Customer) (iii) Credit counselling centre facilities; (iv) use of NGOs and formation of SHGs; (v) Kisan credit cards service and (vi) extension of smart cards. The finance Minister in his Budget Speech of 2007-08 also laid down provision for funding of financial inclusion goals. The Rangarajan Committee also spelt out priorities for meeting financial inclusion objectives. Two of the more important approaches in the recent times included the use of technology such as smart cards and mobile telephone banking. The potential for their spread can be vast especially in combination with banking correspondence approach launched recently.New entry and competition: In addition, new competition and entry also play crucial roles, as is evident from the global experience. Two particular initiatives have included the role of Micro Financial Institutions (MFIs) and Non-Bank Finance Companies (NBFCs). MFI activities have surged in recent years, but has come under scrutiny and regulation. Services expanded at a fast rate, providing access on better terms than the alternatives of traditionalmoney lenders. However, better regulation is also needed. On NBFCs, gold pawn establishment have also provided alternate access and are fast expanding in urban and semi-urban settings. As far as caps on interest rates are concerned, as in case of other products, ‘subsidies’ in the form of low interest are often an inhibitor of access to services because of rationing and misuse.Financial Literacy: Any policy initiative seeking to afford greater access to financial services to financial services to a large segment of the population must necessarily address bridging the existing knowledge gap in financial education and literacy. Over the last decade or so, researcher all over the world, especially in the developed countries, have, therefore, started to study and explore whether individuals are wellequipped to make financial decisions. Financial education and literacy assumes urgency in any given scenario.Q.Which of the following would be closest to the meaning of term financial inclusion?

Financial inclusion plays a crucial role in inclusive development and sustainable prosperity as is being increasingly recognised and acknowledged globally. Large segment of population need to be part of formal payment system and financial markets. Financial inclusion would also broaden and deepen financial savings and lead to higher economic development.Previous initiatives: While financial sector policies in India have long been driven by the objective of increasing penetration and outreach, the goal of inclusion has eluded us. About 41 per cent of adult population remain unbanked and the number of loan account covers only 14 percent of adult population. The previous initiatives included (i) the expansion of network of cooperative banks to provide credit to agriculture and saving facilities in rural areas, (ii) nationalism of bank in 1969 and expansion of branches and (iii) creation ofan elaborate framework of priority sector lending with mandated targets as part of a strategy to meet the savings and credit needs of large section of the Indian population who had no access to institutional finance. Given the sheer enormity of the challenge, however the outcomes of these efforts have so far been mixed.Recent initiatives/out of the box approaches: Recent initiative include (i) “no frill” account for retail purpose; (ii) simplified KYC (Know Your Customer) (iii) Credit counselling centre facilities; (iv) use of NGOs and formation of SHGs; (v) Kisan credit cards service and (vi) extension of smart cards. The finance Minister in his Budget Speech of 2007-08 also laid down provision for funding of financial inclusion goals. The Rangarajan Committee also spelt out priorities for meeting financial inclusion objectives. Two of the more important approaches in the recent times included the use of technology such as smart cards and mobile telephone banking. The potential for their spread can be vast especially in combination with banking correspondence approach launched recently.New entry and competition: In addition, new competition and entry also play crucial roles, as is evident from the global experience. Two particular initiatives have included the role of Micro Financial Institutions (MFIs) and Non-Bank Finance Companies (NBFCs). MFI activities have surged in recent years, but has come under scrutiny and regulation. Services expanded at a fast rate, providing access on better terms than the alternatives of traditionalmoney lenders. However, better regulation is also needed. On NBFCs, gold pawn establishment have also provided alternate access and are fast expanding in urban and semi-urban settings. As far as caps on interest rates are concerned, as in case of other products, ‘subsidies’ in the form of low interest are often an inhibitor of access to services because of rationing and misuse.Financial Literacy: Any policy initiative seeking to afford greater access to financial services to financial services to a large segment of the population must necessarily address bridging the existing knowledge gap in financial education and literacy. Over the last decade or so, researcher all over the world, especially in the developed countries, have, therefore, started to study and explore whether individuals are wellequipped to make financial decisions. Financial education and literacy assumes urgency in any given scenario.Q.Which of the following is not one of the previous initiatives for financial inclusion?

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Spotlight initiative is associated with:a)Increasing episodes of coral bleachingdue to climate change.b)Increase in cases of violence againstwomen.c)Use of solar energy for electrification ofhard to reach areas.d)Misuse of crypto currency platforms forillegal activities.Correct answer is option 'B'. Can you explain this answer?
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Spotlight initiative is associated with:a)Increasing episodes of coral bleachingdue to climate change.b)Increase in cases of violence againstwomen.c)Use of solar energy for electrification ofhard to reach areas.d)Misuse of crypto currency platforms forillegal activities.Correct answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Spotlight initiative is associated with:a)Increasing episodes of coral bleachingdue to climate change.b)Increase in cases of violence againstwomen.c)Use of solar energy for electrification ofhard to reach areas.d)Misuse of crypto currency platforms forillegal activities.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Spotlight initiative is associated with:a)Increasing episodes of coral bleachingdue to climate change.b)Increase in cases of violence againstwomen.c)Use of solar energy for electrification ofhard to reach areas.d)Misuse of crypto currency platforms forillegal activities.Correct answer is option 'B'. Can you explain this answer?.
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