Daily UPSC Prelims Current Affairs – October 14, 2022 [Mock Test]
October 16, 2022 October 16, 2022
1. Which of the following statements on Election Laws (Amendment) Act, 2021 is/are correct?
- It enables the linking of electoral roll data with the Aadhaar ecosystem.
- It aims to curb the menace of multiple enrolments of the same person in different places.
- Two qualifying dates will be declared for updating the voting rolls.
Choose the correct answer using the codes given below:
[A] Only 1
[B] Only 2 & 3
[C] Only 1 & 2
[D] 1, 2 & 3
Show Answer
Correct Answer: C [Only 1 & 2]
Notes:- It provides for amendment of section 23 of the Representation of People’s Act, 1950, enabling the linking of electoral roll data with the Aadhaar ecosystem. It is in consonance with the 105th report of the Department Related Parliamentary Standing Committee on Personnel, Public Grievances and Law and Justice.
- It aims to curb the menace of multiple enrolments of the same person in different places.
- Four qualifying dates will be declared for updating the voting rolls to include those who have turned 18 — the first day of the months of January, April, July and October.
- The language for registration of ‘wives of service voters’ will now be replaced by ‘spouse’. This will make the laws more “gender-neutral”. Service voters are those serving in the armed forces, armed police forces of a state serving outside it and government employees posted outside India.
2. Consider the following statements:
- Government Accounting Standards Advisory Board (GASAB) was constituted by the Ministry of Natural Resources in 2002 to prepare a concept paper on Natural Resource Accounting.
- Its goal was the preparation of asset accounts on mineral and energy resources.
Which of the statements given above is/are correct?
[A] Only 1
[B] Only 2
[C] Both 1 & 2
[D] Neither 1 nor 2
Show Answer
Correct Answer: B [Only 2]
Notes:- A report on the asset accounts capturing details of 34 major minerals, 58 minor minerals and all fossil fuels will be published shortly, the Comptroller and Auditor General of India said.
- Government Accounting Standards Advisory Board (GASAB), constituted by the CAG in 2002, had prepared a concept paper on Natural Resource Accounting (NRA) envisaging short, medium and long-term goals starting from 2020.
- The first goal was the preparation of asset accounts on mineral and energy resources, more importantly of the non-renewable and finite resources, which would ultimately aid in building resilience to environmental issues like climate change.
- India is a signatory to the UN General Assembly resolution titled, “Transforming our world; the 2030 agenda for sustainable development” with the approval of more than 190 countries which requires the preparation of Natural Resource Accounts.
3. In which of the following construction models, the government insulates the contractor from financial risk?
- Engineering, Procurement and Construction (EPC) model
- Hybrid Annuity Model (HAM)
- Build-Operate-Transfer (BOT) model
Choose the correct answer using the codes given below:
[A] Only 1
[B] Only 1 & 2
[C] Only 2 & 3
[D] 1, 2 & 3
Show Answer
Correct Answer: A [Only 1]
Notes:- Under the Engineering, Procurement and Construction (EPC) model, the government pays the entire cost, thereby insulating the contractor entirely from financial risk.
- Under the Hybrid Annuity Model (HAM), 40 per cent of the project cost is paid by the government as construction support to the private developer, and the remaining 60 per cent is to be arranged by the developer.
- Under the Build-Operate-Transfer (BOT) model, a private player is granted a concession to finance, build and operate a project for a specified period of time (20- or 30-year concession period), with the developer recouping the investments by way of user charges or tolls charged from customers using the facility, and thereby taking on a certain amount of financial risk.
