#Solution #Samajho #SPR+

◾️ Foreign exchange reserves are assets held on reserve by a central bank in foreign currencies, which can include bonds, treasury bills and other government securities.

◾️ India’s Forex Reserve include:
1. Foreign Currency Assets
2. Gold reserves
3. Special Drawing Rights
4. Reserve position with the International Monetary Fund (IMF).

◾️ It needs to be noted that most foreign exchange reserves are held in US dollars.

◾️ Objectives of Holding Forex Reserves:
- Supporting and maintaining confidence in the policies for monetary and exchange rate management.
- Provides the capacity to intervene in support of the national or union currency.
- Limits external vulnerability by maintaining foreign currency liquidity to absorb shocks during times of crisis or when access to borrowing is curtailed.

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Current Affairs padh ke nhi gya tha ChatGPT. 😂


ChatGPT did not prepare Current Affairs last year. 😂

Q. With reference to the Genetic Engineering Appraisal Committee (GEAC), consider the following statements:

1. GEAC is a statutory body established under the Environment Protection Act, 1986.
2. It functions under the Ministry of Science and Technology.

#Solution #Samajho #SPR+

◾️ Statement 1 is correct. The Genetic Engineering Appraisal Committee (GEAC) is a statutory body constituted under the ‘Rules for the Manufacture, Use /Import /Export and Storage of Hazardous Microorganisms/Genetically Engineering Organisms or Cells, 1989’ notified under the Environment (Protection) Act, 1986.

◾️ Statement 2 is is not correct. It functions under the Ministry of Environment, Forests & Climate Change.
The Committee is chaired by the Special Secretary/Additional Secretary of the Ministry of Environment, Forests and Climate Change, GOI. A representative of the Department of Biotechnology is a co-chair.

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Q. Consider the following statements regarding 'Stone Chariot at Hampi':

1. The chariot is a shrine dedicated to Garuda, built inside the Vittala Temple Complex.
2. The chariot was built by King Krishnadevaraya of the Vijayanagara Empire.
3. It is internationally recognized as a world heritage site by UNESCO.

#Solution #Samajho #SPR+

Stone Chariot at Hampi:
▪️The chariot is actually a shrine dedicated to Garuda, built inside the Vittala Temple Complex.
▪️The massive sculpture of Garuda, Lord Vishnu’s escort once was seated atop the chariot but it is empty at the present date.
▪️The Hampi Chariot has earned its name among the other three famous stone chariots in India- One in Konark, Odissa, and the other in Mahabalipuram (Tamil Nadu).
▪️The chariot was built by King Krishnadevaraya of the Vijayanagara Empire during the 16th century, who got fascinated with the Konark Sun temple chariot while fighting a battle in Odisha.
▪️The chariot is meant to represent the beauty and artistic perfection of the Empire.
▪️It has come to have a sacrosanct presence and is internationally recognized as a world heritage site even by the UNESCO.

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Be logical and design your own UPSC strategy based on factors that together as a combination are personal and unique to you.
Some Youtubers will continue to promote such videos as they draw viewership even if it may not be beneficial for students.

https://samajho.com/upsc/the-el-nino-factor-forecasting-the-monsoon-4th-march-2023-upsc-daily-editorial-analysis/

The El Nino factor - Forecasting the monsoon | 4th March 2023 | UPSC Daily Editorial Analysis

Q. Consider the following statements with respect to National Green Tribunal (NGT):

1. NGT is established under Environment Protection Act, 1986.
2. It has vested with powers to hear any matter relating to the Wildlife Protection Act, 1972.
3. The NGT is not bound by the procedure laid down under the Code of Civil Procedure, 1908.

#Solution #Samajho #SPR+

NATIONAL GREEN TRIBUNAL (NGT):
▪️ NGT has been established under National Green Tribunal Act, 2010 for effective and expeditious disposal of cases relating to environmental protection and conservation of forests and other natural resources including enforcement of any legal right relating to the environment and giving relief and compensation for damages to persons and property and for matters connected therewith or incidental thereto.

▪️ The NGT is not bound by the procedure laid down under the Code of Civil Procedure, 1908.

▪️ NGT has the power to hear all civil cases relating to environmental issues and questions that are linked to the implementation of laws listed in Schedule I of the NGT act. These include the following:
- The Water (Prevention and Control of Pollution) Act, 1974
- The Water (Prevention and Control of Pollution) Cess Act, 1977
- The Forest (Conservation) Act, 1980
- The Air (Prevention and Control of Pollution) Act, 1981
- The Environment Protection Act, 1986
- The Public Liability Insurance Act, 1991
- The Biological Diversity Act, 2002

▪️ This means that any violations pertaining only to these laws, or any order/decision taken by the Government under these laws can be challenged before the NGT.

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Q. With reference to Basel Convention, Consider the following statements:

1. This convention was adopted with the objective of protecting human health and the environment from Persistent Organic Pollutants (POPs).
2. This convention came into force in 1992.

#Solution #Samajho #SPR+

Basel Convention:
▪️ Adopted on March 22, 1989, by the Conference of Plenipotentiaries in Basel, Switzerland, the “Basel Convention on the Control of Transboundary Movements of Hazardous Wastes and their Disposal”, generally known as the Basel Convention, came into force in 1992.
▪️ It is an international treaty that aims to reduce the movement of hazardous waste between countries.
▪️ It particularly focuses on preventing transfer of hazardous waste from developed to less developed countries.
▪️ It provides for cooperation between the parties, including the exchange of information on issues relevant to the implementation of the Convention.

▪️▪️The Stockholm Convention on Persistent Organic Pollutants (POPs) was adopted with the objective of protecting human health and the environment from POPs.

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https://samajho.com/upsc/plastic-waste-management-rules-2022/

Plastic Waste Management Rules, 2022

https://samajho.com/upsc/battery-waste-management-rules-2022/

Battery Waste Management Rules, 2022

Q. Consider the following statements about the 'Buddhist Councils':

1. In the First Buddhist Council, Sutta Pitaka and Vinaya Pitaka were compiled.
2. In the Second Buddhist Council, Abhidhamma Pitaka was compiled, completing the Tripitaka.
3. In the Third Buddhist Council, Buddhism was split up into Hinayana and Mahayana sects.