Daily Quiz – 9th Jan 2024

Explanation:

• Golden Quadrilateral Project network connects Srinagar in the north to Kanyakumari in the south, and Silchar in the east to Porbandar in the west. The Trilateral Highway connects Moreh in Manipur and Mae Sot in Thailand via Myanmar. A major part of the Trilateral Highway is the road network in Myanmar. Many of the original alignments of the TLH have been recently completed or upgraded — the bypass road connecting Myawaddy and Kawkareik (Thailand) and the second friendship bridge connecting Myawaddy and Mae Sot being the most important.
• Bangladesh-China-India-Myanmar Economic Corridor connects Kolkata with Kunming in China. Hence statement 3 is incorrect.
  • The foundation of the Bangladesh-China-India-Myanmar Economic Corridor (BCIM) had been set with the assumption that the project would be activated at the intergovernmental level known as Track I to promote trade and connectivity from Kunming to Kolkata

Explanation:

• Levant
  • It is an approximate historical geographical term referring to a large area in the Eastern Mediterranean region of Western Asia. In its narrowest sense, which is in use today in archaeology and other cultural contexts, it is equivalent to a stretch of land bordering the Mediterranean in southwestern Asia, i.e. the historical region of Syria (“greater Syria”), which includes present-day Syria, Lebanon, Jordan, Israel, Palestine and most of Turkey southwest of the middle Euphrates.
  • Its overwhelming characteristic is that it represents the land bridge between Africa and Eurasia.
  • The Levant has been described as the crossroads of western Asia, the eastern Mediterranean and northeast Africa.
  • The name Levant States was given to the French mandate of Syria and Lebanon after World War I, and the term is sometimes still used for those two countries, which became independent in 1946. A similar term, Al-Mashriq (“Where the Sun Rises”), exists in Arabic, although this term refers to a broader geographic region.

Explanation:

• Government security (G-Sec) is a tradable instrument issued by the central government or state governments. It acknowledges the government’s debt obligations.
• The G-Secs issuances are managed by the RBI, who on behalf of the Centre, regularly conducts G-Sec auctions every Friday.
• State Government transactions are carried out by RBI in terms of the agreement entered into with the State Governments.
• Treasury bills:
  • They are short-term debt instruments issued by the Central government. The State Government doesn't issue treasury bills.
  • Treasury bills play a vital role in cash management of the Government.
  • Being risk-free, their yields at varied maturities serve as short term benchmarks and help pricing varied floating-rate products in the market.
  • Treasury bills are issued at a discount and redeemed at the face value at maturity

Explanation:

• The Citizenship Act offers other categories of citizenship like Citizenship by Registration (Section 5) and Citizenship by Naturalisation (Section 6).
• These are basically for foreigners who wish to settle in India and seek Indian citizenship or persons of Indian origin living abroad who want to return to India and live as citizens in this country.
• Citizenship is listed in the Union List under the Constitution and thus is under the exclusive jurisdiction of Parliament.
• The Constitution does not define the term ‘citizen’ but details of various categories of persons who are entitled to citizenship are given in Part 2 (Articles 5 to 11).
• Unlike other provisions of the Constitution, which came into being on January 26, 1950, these articles were enforced on November 26, 1949, itself, when the Constitution was adopted.
• A person is said to have a domicile in a country in which he/she is considered to have his/her permanent home.
• A person cannot have more than one domicile. The Constitution of India does not allow holding Indian citizenship and citizenship of a foreign country simultaneously.
• In India, both a citizen by birth as well as a naturalised citizen is eligible for the office of President while in the USA, only a citizen by birth and not a naturalised citizen is eligible for the office of President.
• The Citizenship Act, 1955, prescribes three ways of losing citizenship whether acquired under the Act or before it under the Constitution, viz, renunciation, termination, and deprivation.

Explanation:

• The Election Commission of India is an autonomous constitutional body responsible for administering Union and State election processes in India.
• The body administers elections to the Lok Sabha, Rajya Sabha, and State Legislative Assemblies in India, and the offices of the President and Vice President in the country.
• Article 324 to 329 of the constitution deals with powers, function, tenure, eligibility, etc of the commission and the members.
• The election commission has three election commissioners, one Chief Election Commissioner and two Election Commissioners. Hence statement 1 is incorrect.
• The President appoints Chief Election Commissioner and Election Commissioners.
• They have a fixed tenure of six years, or up to the age of 65 years, whichever is earlier.
• They enjoy the same status and receive salary and perks as available to Judges of the Supreme Court of India.
• The Chief Election Commissioner can be removed from office only through a process of removal similar to that of a Supreme Court judge for by Parliament
• Election commission decides the election schedule for the conduct of both general elections and bye-elections. Hence statement 2 is incorrect.
• It also decides the disputes relating to splits/mergers of recognized political parties. Hence only statement 3 is correct.
• It prepares electoral roll, issues Electronic Photo Identity Cards (EPIC).
• It grants recognition to political parties & allots election symbols to them along with settling disputes related to it.
• It issues the Model Code of Conduct in the election for political parties and candidates.
• It sets limits of campaign expenditure per candidate to all the political parties