Quantitative Aptitude Quiz 4 (Profit & Loss) Basic Level Questions

Union Government has signed $375 million loan agreement with Asian Development Bank (ADB) for Madhya Pradesh Irrigation Efficiency Improvement Project. The project will contribute to double farming incomes in Madhya Pradesh by expanding irrigation networks and system efficiency.

Madhya Pradesh Irrigation Efficiency Improvement Project

It will develop 125,000 hectares of new, highly efficient and climate resilient irrigation networks. It will also improve water use efficiency in more than 400 villages and benefit over 800,000 people in the state. It will also support institutional innovations through introduction of design-build-operate contracting approach. It will also help farmers to adopt micro-irrigated agriculture including high-value crops. The ADB funds will be used to develop a large-scale pressurized and automated irrigation system for boosting irrigation efficiency.
It focuses on two large irrigation systems

• Kundalia irrigation project: It will develop 125,000 ha of new and highly efficient and climate resilient irrigation networks. The work that will be undertaken includes building two large pumping stations pumping water to distribution chambers where water will be distributed through a network of buried pipes to farm outlets.
• Sanjay Sarovar Irrigation Project: Under it comprehensive modernization feasibility study will be prepared and other preparatory work for soundly designed project.

Asian Development Bank (ADB)

ADB is a regional development bank based out of Asia. It aims to promote social and economic development in Asia by achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty.
It was established in December 1966. It is headquartered at Ortigas Centre in Manila, Philippines. ADB’s main objective is to assist its members and partners, by providing loans, technical assistance, grants, and equity investments to promote social and economic development.
It has total 67 members, of which 48 are from within Asia and the Pacific and 19 outside. ADB has been modelled closely on the lines World Bank. It has similar weighted voting system where votes are distributed in proportion with members’ capital subscriptions.

Arunachal Pradesh Legislative assembly has passed Arunachal Pradesh Re-Organisation of Districts (Amendment) Bill, 2018 for the creation of three new districts, Pakke-Kesang, Lepa Rada and Shi Yomi in the state. The bill was passed by voice vote. These new districts were created keeping in view growing demands of people, bring administration to their door-steps and for all-round equal development in all parts of the state.  With addition of these three new districts, state will have total 25 districts from earlier 22 districts

Key Facts

Pakke-Kessang district: It will be carved out of East Kameng district with five administrative units namely Pakke-Kessangn, Seijosa, Pijiriang, Passa Valley and Dissingn Passo with district headquarters at Lemmi.
Lepa Rada district: It will be created by bifurcating Lower Siang district with headquarters at Basar. It will have four administrative units Tirbin, Basar, Daring and Sago.
Shi-Yomi district: It will be created by bifurcating West Siang district with its headquarters at Tato. It will have four administrative units namely Mechuka, Tato, Pidi and Manigong.

Global IT giant IBM has partnered with Indian IT companies  for its ‘Call for Code’ initiative that aims to build global solutions for disaster management.  Indian IT companies that will partner with IBM for Call for Code initiative include Persistent Systems, Invest India, Wipro, Capgemini and NASSCOM.

Call for Code initiative

IBM’s Call for Code initiative aims to bring startup, academic and enterprise developers together to respond to and recover from natural disasters. The initiative seeks to solve one of the most pressing societal issues of preventing, responding to and recovering from natural disasters. For this, IBM provide access to its cloud, data, Artificial Intelligence and blockchain technologies, along with training and code to developers. Through this initative, IBM and David Clark Cause are joining forces to benefit their charitable partners such as United Nations Human Rights and American Red Cross. Since its inception in May 2018, over 35 organizations and over 20 IBM clients have participated in this initiative.