Prelims facts 💡
⭕️ The Constitution has not fixed the term of office of members of the RajyaSabha and left it to the Parliament.

💎Accordingly, the Parliament in the Representation of the People Act (1951) provided that the term of office of a member of the RajyaSabha shall be six years.

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Currency Swaps

◾️ A currency swap, also known as a cross-currency swap, is an off-balance sheet transaction in which two parties exchange principal and interest in different currencies.
◾️ The purpose of a currency swap is to lower exposure to exchange rate risk or reduce the cost of borrowing a foreign currency.

Benefits of currency swap:

◾️ The absence of an exchange rate risk is the major benefit of such a facility.
◾️ This facility provides India with the flexibility to use these reserves at any time in order to maintain an appropriate level of balance of payments or short-term liquidity.
◾️ Currency swaps between governments also have supplementary objectives like promotion of bilateral trade, maintaining the value of foreign exchange reserves with the central bank and ensuring financial stability (protecting the health of the banking system).

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Mishmi Hills

◾️ The Mishmi Hills are located at the North Eastern tip of India, in north eastern Arunachal Pradesh.
◾️ This hilly area is characterised by steeply sloping landform, sub-tropical evergreen forest and high rainfall.
◾️ There are about 6000 plant species, 100 mammal species and about 700 bird species.
◾️ There are also a large number of butterflies and other insects.

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Primordial Black Holes (PBH)

◾️ PBH are a hypothetical type of black hole that formed soon after the Big Bang.
◾️ It is believed that they are formed as a result of collapsing radiations as opposed to the collapse of massive stars, which is the case of any other black holes.
◾️ PBH can be massively large as 3000kms or be extremely tiny like nucleus of an atom.

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Facts to remember ✅✅

Putrescibility is the process of decomposition of organic matter present in water by micro-organisms using oxygen

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Facts ✅✅

Siachen Glacier in Nubra Valley has distinction of being largest glaciers outside polar and sub polar regions

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Some facts ✅✅

1. Election Commission specifies certain symbols as *reserved symbol* Which are meant for candidates set up by recognised parties

2. Others as *free symbols* Which are meant for other candidates

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Facts to remember ✅✅

Australia group is formed in 1985 in response to use of chemical weapons by Iraq in Iran - Iraq war of 1984

💥India became 43rd member of Australia group

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Facts✅

💥Vikramshila Gangetic Dolphin Sanctuary in Bihar is India's only sanctuary for the Gangetic dolphin

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👆Prelims important fact 2020
Share it with IAS preparing friends 👍👍

Stay tuned for more important points

PS: very important points coming up for prelims 2020✅✅

Prelims facts 💡
⭕️ The Constitution has not fixed the term of office of members of the RajyaSabha and left it to the Parliament.

💎Accordingly, the Parliament in the Representation of the People Act (1951) provided that the term of office of a member of the RajyaSabha shall be six years.

“Teaching is a very noble profession that shapes the character, caliber, and future of an individual. If the people remember me as a good teacher, that will be the biggest honour for me.”

– A. P. J. Abdul Kalam

❤️🙏Happy guru purnima 🙏❤️