Jan 14th, 2022 - Daily Quiz
1. Build Back Better World or B3W is an initiative undertaken by
(a) G7 countries
(b) G20 countries
(c) G33 countries
(d) G5+3 countries
2.With reference to the Renewable Energy Certificate (REC) mechanism, which of the following statements is/are correct?
1. One REC is generated when one megawatt hour of electricity is generated from an eligible renewable energy resource.
2. RECs can be traded on Indian Energy Exchange of India.
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
3.Which of the following is not a criteria on the basis of which Special Category Status is given to some states as per Gadgil formula?
(a) Hilly and difficult terrain
(b) High population density
(c) Strategic location along borders with neighboring countries
(d) Economic and infrastructural backwardness
4.“Aipan” which recently received GI tag is a
(a) Mango
(b) Chocolate
(c) Tea
(d) None of these
5. With reference to the Least Developed Countries (LDCs) Report 2021, consider the following statements:
1. It is released by WEF.
2. The report designates 46 countries as LDCs.
3. GDP per capita for the LDC countries represents less than 10 per cent of the world average.
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
Answers
1. (a)
Build Back Better World or B3W is an initiative undertaken by G7 countries. Launched in June 2021, the initiative is designed to counter China's strategic influence of the BRI Project (Belt and Road Initiative) by providing an alternative to the Belt and Road Initiative for the infrastructure development of the low and middle income countries. Led by the United States, the G7 countries will work to address the $40 trillion worth of infrastructure needed by developing countries by 2035. The initiative aims to catalyze funding for quality infrastructure from the private sector and will encourage private-sector investments that support "climate, health and health security, digital technology, and gender equity and equality".
The initiative builds on the Blue Dot Network, a collaboration that aims to build a global network through lending-based financing to build roads, bridges, airports, ports, power plants.
2. (a)
Renewable Energy Certificate (REC) mechanism is a market based instrument to promote renewable energy and facilitate compliance of renewable purchase obligations (RPO). It is aimed at addressing the mismatch between availability of RE resources in state and the requirement of the obligated entities to meet the renewable purchase obligation (RPO). One Renewable Energy Certificate (REC) is treated as equivalent to 1 MWh.
There are two categories of RECs, viz., solar RECs and non-solar RECs. Solar RECs are issued to eligible entities for generation of electricity based on solar as renewable energy source, and non-solar RECs are issued to eligible entities for generation of electricity based on renewable energy sources other than solar. RECs are traded on Indian Energy Exchange and Power Exchange of India.
3. (b)
4. (d)
https://timesofindia.indiatimes.com/city/dehradun/gi-tag-for-7-indigenous-products-of-ukhand/articleshow/86623486.cms
5. (b)
https://www.downtoearth.org.in/news/economy/least-developed-countries-need-help-to-overcome-covid-19-induced-economic-setback-unctad-79453
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