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Most Probable Questions for IAS Prelims - Qns for 25-08-2020

Qn.1) With reference to the New Development Bank, consider the following statements

1. It is a multilateral development bank operated by the BRICS states.
2. The bank will be headquartered in Shanghai, China.
3. It assigns votes based on capital share for the participant country.


Which of the above statements is/are correct?

(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3

Ans: (a) 1 and 2 only

Learning Zone: It is a multilateral development bank operated by the BRICS states (Brazil, Russia, India, China and South Africa).

The New Development Bank was agreed to by BRICS leaders at the 5th BRICS summit held in Durban, South Africa in 2013.
It was established in 2014, at the 6th BRICS Summit at Fortaleza, Brazil.
The bank is set up to foster greater financial and development cooperation among the five emerging markets.

The bank will be headquartered in Shanghai, China.

Unlike the World Bank, which assigns votes based on capital share, in the New Development Bank each participant country will be assigned one vote, and none of the countries will have veto power.

Why is this question important? Union Minister of Finance & Corporate Affairs Smt. Nirmala Sitharaman attended the Special Board of Governors meeting of the New Development Bank (NDB) through video-conference.

The agenda included the election of next President of NDB, appointment of Vice-President and Chief Risk Officer and membership expansion.


Qn.2) With reference to Operation Warp Speed, recently seen in the news consider the following statements

1. It is a public-private partnership, initiated by the Government of Germany.
2. It aims to facilitate and accelerate the development of COVID-19 vaccines, therapeutics, and diagnostics.

Which of the above statements is/are correct?

(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2

Ans: (b) 2 only

Learning Zone: It is a public–private partnership, initiated by the Federal Government of the United States, to facilitate and accelerate the development of COVID-19 vaccines, therapeutics, and diagnostics.
It is an interagency program that includes components of the Department of Health, including the Centers for Disease Control and Prevention (CDC), Food and Drug Administration (FDA), the National Institutes of Health and private firms.

Why is this question important? It is a recent development

Qn.3) With reference to the Delimitation Commission, consider the following statements

1. It is appointed by the Centre and has three members.
2. The decisions of the delimitation commission can be challenged before the Supreme Court only.
3. It follows the principle of “One Vote One Value”.

Which of the above statements is/are correct?

(a) 1 and 2 only
(b) 2 and 3 only
(c) 1 and 3 only
(d) 1, 2 and 3

Ans: (c) 1 and 3 only

Learning Zone: Delimitation is undertaken by a highly powerful commission. They are formally known as Delimitation Commission or Boundary Commission.
These bodies are so powerful that its orders have the force of law and they cannot be challenged before any court.

According to the Delimitation Commission Act, 2002, the Delimitation Commission appointed by the Centre has to have three members: a serving or retired judge of the Supreme Court as the chairperson, and the Chief Election Commissioner or Election Commissioner nominated by the CEC and the State Election Commissioner as ex-officio members.

The purpose of delimitation is

To provide equal representation to equal segments of a population.
Fair division of geographical areasso that one political party doesn’t have an advantage over others in an election.
To follow the principle of “One Vote One Value”.

Why is this question important? Members of Parliament and Legislative Assemblies of states, for which the Delimitation Commission is set up, are drawn in as associate members to help the panel in its task.

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