Daily Current Affairs Quiz 6 January 2023

d) The Ministry of Statistics and Program Implementation

The official data on “Employment–Unemployment” is released by Ministry of Statistical and Programme Implementation (MoSPI) based on Periodic Labour Force Survey (PLFS). The latest Annual PLFS report is available for the survey period July, 2020 to June, 2021 for estimates at all India level. The quarterly PLFS report is also released by the Ministry of Statistics and Programme Implementation for Urban areas.

PLFS indicates that the employment market has not only recovered the jolt of Covid-19 pandemic, but also is at levels higher than the pre-pandemic level.

a) Bangladesh Liberation War

The Operation Jackpot was a codename for three operations undertaken by Bengali Mukti Bahini in former East Pakistan against the Federation of Pakistan during the Bangladesh Liberation War.

c) Croatia

Croatia switched to the euro and entered Europe’s borderless zone as Prime Minister Andrej Plenkovic called a historic moment for his country.
The Balkan nation bid farewell to its kuna currency and became the 20th member of the Eurozone. It is now the 27th nation in the passport-free Schengen zone. It is the world’s largest zone which enables more than 400 million people to move freely around its members. The country of 3.9 million people joined the European Union in 2013.

b) 3 only

The RBI defines the scheduled banks which are mentioned in the 2nd Schedule of the Act. These are banks which have paid up capital and reserves above 5 lakh. Hence, statement 1 is incorrect.

Section 26(2) of the Act says – “On recommendation of the Central Board the Central Government may, by notification in the Gazette of India, declare that, with effect from such date as may be specified in the notification, any series of bank notes of any denomination shall cease to be legal tender [save at such office or agency of the Bank and to such extent as may be specified in the notification.” The Supreme Court held that the power available to the Central Government u/s 26(2) of the RBI Act, 1934 cannot be restricted to mean that it can be exercised only for one or some series of banknotes and not for all the series of bank notes. Hence, statement 2 is incorrect.

Section 17 of the deals with the functioning of RBI. . The RBI can accept deposits from the central and state governments without interest. It can purchase and discount bills of exchange from commercial banks. It can purchase foreign exchange from banks and sell it to them. It can provide loans to banks and state financial corporations. It can provide advances to the central government and state governments. It can buy or sell government securities. It can deal in derivative, repo and reverse repo. Hence, statement 3 is correct.

Section 26(2) of the Act was in news due to Supreme Court ruling on demonetization.

d) Jaga Mission

Odisha won the UN- Habitat’s World Habitat Awards 2023 for the Jaga mission. The mission is a 5T initiative of the state. The awards recognize and showcase innovative, exceptional, and game-changing housing concepts, initiatives, and programmes from throughout the world. The Jaga mission is a land titling and slum rehabilitation initiative that attempts to improve slum residents’ lives.