Daily Current Affairs (MCQ) | Date 17.06.22

Daily Current Affairs (MCQ) | Date 17.06.22

Daily Current Affairs (MCQ) | Date 17.06.22

Q1. Consider the following statements with regard to the decent work

  1. It is a sustainable development goal (SDG)
  1. It includes security of job, fair wages and labour rights but not necessarily social protection

Which of the above statements is/are correct?

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 nor 2

 

Answer (c)

Explanation:

Giving decent work:

  • It is clear that the Government must tackle unemployment and, concomitantly, the quality of employment issue, on a war footing.
  • In this regard, Prime Minister Narendra Modi’s announcement that the Government will be recruiting 10 lakh personnel within the next 18 months should be seen as a step in the right direction.
  • The latest data showed that there were 86 lakh vacant jobs among all central government civilian posts as of March 2020.

 

The country cannot afford to squander more years in its race to reap the benefits of its demographic dividend, and the push to provide jobs for those seeking to enter the labour force, even if belated, will help ease matters for the medium term.

 

Q2. Consider the following statements with regard to Impact of the pandemic on the Labour market

  1. Industrial jobs have decreased with more employment in agricultural and farm-related jobs
  2. The transfer of employment into lower productive and unpaid jobs away from salaried employment

Which of the above statements is/are correct?

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 nor 2

 

Answer (c)

Explanation:

 

Demographic dividend without productive jobs:

  • For a nation that has had a significant demographic dividend — the working age population is much larger than the non-working age sections — finding productive employment for its youth was to be an imperative for India.
  • Yet, in the last few years, unemployment has remained a major concern — the leaked Periodic Labour Force Survey (PLFS) in 2018 revealed that India’s unemployment rate was the highest (6.07%) in four decades.
  • The latest PLFS suggests that the numbers now are not so drastic, with the overall unemployment rate at 2% in 2020-21 compared to 4.8% in 2019-20 and the labour force participation rate (LFPR) increasing to 41.6%, up from 40.1% in 2019-20.
  • In terms of the more widely used statistic internationally, the current weekly status of unemployment, the figure of 5% for all persons in 2020-21 is still worrying.

 

The devil is in the detail:

  • But, the PLFS data will not bring much cheer to the Government despite a decrease in unemployment, according to official This is because the decrease, says the PLFS, has also coincided with the transfer of employment into lower productive and unpaid jobs away from salaried employment.
  • Worryingly, industrial jobs have decreased with more employment in agricultural and farm-related jobs — a trend that accelerated following the lockdown and has not reversed since then.

Unemployment rates among the educated (above secondary education — 9.1%) and the youth (age between 15-29 — 12.9%) have only declined marginally.

  • Wage rates have continued to remain lower for those employed in either salaried jobs or self-employed compared to the pre-pandemic period

 

Q3. The public stockholding (PSH) limit recently seen in News is linked to

  1. Trade Negotiations
  2. Carbon stock trades
  3. Fertilizer stocks
  4. Climate change negotiations

Answer (a)

Explanation:

  • The World Trade Organization (WTO) appeared to have agreed on continuing food and fishery subsidies after strong negotiations by India-led developing countries, who were also understood to have gained partially on patent waiver for Covid-19 vaccines along with exports
  • India, for every fisher family that we have, gives barely $15 in a .. and there are countries..., which give as high as $42,000, $65,000 & $75,000 to one fishermen family.
  • India has agreed to support WTO’s World Food Programme (WFP) on humanitarian grounds, but it will retain the power to ban exports of food grains in case of domestic need
  • India has made it clear that there would be no talks on any issue related to agriculture unless a permanent solution to the public stockholding (PSH) limit is arrived at

 

Partial success:

  • The WTO members also appeared to agree on a patent waiver on Covid-19 vaccines for five years and to allow manufacturers to This would be a partial gain for India, which was pushing for Trade-Related Aspects of Intellectual Property Rights (TRIPS) waivers for entire therapeutics and diagnostics.
  • The India-led group, however, was likely to concede one of its key demands to end the moratorium on e-commerce that the developed counties enjoyed since 1998
  • India has been opposing developed countries’ move to further extend the customs duty moratorium on electronic transmission of goods and services under e-commerce as it was a losing proposition because most of the e-commerce giants belong to the developed countries such as the US, the UK and the EU. By one estimate, developing countries are losing over $10 billion in revenue on this It remains a major grey area.

 

Q4. Which of the following factors affect Monsoon in India?

  1. Somali jet
  2. Indian Ocen Dipole
  3. La Nina
  4. Equitorial trough

Select the correct answer from the codes given below

  1. 2, 3 and 4
  2. 2 and 4
  3. 1, 3 and 4
  4. 1, 2, 3 and 4

 

Answer (d)

Explanation:

India records a 32% deficit in the rain in 15 days of monsoon

  • There is a deficiency of 36% in rainfall over the southern peninsula, 65% over central India, and 77% over northwest India. Only in the east and northeast India is there an excess -- of 14%. Among states Kerala has a 59% rain deficiency, Karnataka 34%, and Telangana 23%.
  • Even in the northeast, some states have not received their normal quota of rains -- highlighting the trend of regional and sub-regional variation in monsoon rainfall that increases the challenge for farmers.

 

Drivers of Monsoon:

La Nina and Negative Indian Ocean Dipole:

  • La Nina conditions will last till the end of the season, which will support a good monsoon. But, the projected negative Indian Ocean Dipole (IOD) can be a Spoiler.
  • The effect of negative IOD will be compensated by La Nina, so we can expect normal rains as forecasted by us around 103% of long period Average.
  • The ongoing La Nina, which has affected temperatures and rain patterns, and exacerbated drought and flooding globally, is likely to continue till at least August and probably even into 2023, the World Meteorological Organization (WMO) said last week.
  • In India, La Nina is associated with a strong monsoon and above average rain, and colder winters.
  • IOD is the difference between the temperature of the ocean in two parts — the Arabian Sea on the west and the Bay of Bengal in the A neutral IOD doesn’t affect the monsoon, but a negative one is a bad news.

Q5. Consider the following statements about the Indian Ocean Dipole

  1. Normally, Indian Ocean Dipole positive phase means good rainfall in india
  2. It has no significant impact on monsoon in negative phase

Which of the above statements is/are correct?

    1. 1 only
    2. 2 only
    3. Both 1 and 2
    4. Neither 1 nor 2

 

Answer (a)

Explanation:

 Understanding Indian Ocean Dipole:

Q6. Consider the following statements

  1. Stronger Somali jet stream means lower monsoon rainfall in india
  2. Somali jet stream pushes south west monsoon towards India

Which of the above statements is/are correct?

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 nor 2

 

Answer (b)

Explanation:

Somali Jet Stream: