Daily Current Affairs Quiz: 23-03-2023

Consider the following statements with regard to the High Seas:

1) UNCLOS (UN Convention on the Law of the Sea) defined the rights and duties of countries in the oceans, the extent of ocean areas over which countries could claim sovereignty, and the legal status of marine resources.

2) UNCLOS established exclusive economic zones (EEZ), ocean areas up to 200 miles from the coastline, where a country would have exclusive rights over all economic resources such as fish, oil, minerals, and gas.

3) The high seas are the areas beyond the EEZ of any country.

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Consider the following statements with regard to the Insolvency and Bankruptcy Code (IBC):

1) It is a reform enacted in 2016 which amalgamates various laws relating to the insolvency resolution of business firms.

2) Section 53 of the Code prescribes an order of priority in which proceeds will be distributed to the creditors based on the liquidation value.

3) Financial creditors like banks have the last claim until exhaustion.

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Consider the following statements with regard to different generations of telecom communications:

1) 1G was launched in the 1980s and worked on analogue radio signals and supported only voice calls.

2) 2G was launched in the 1990s which uses digital radio signals and supports both voice and data transmission with a bandwidth of 64 Kbps.

3) 3G was launched in the 2000s with a speed of 1 Mbps to 2 Mbps and it has the ability to transmit telephone signals including digitised voice, video calls and conferencing.

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Consider the following statements with regard to the Padma awards & Bharat Ratna:

1) Padma awards were instituted in 1954.

2) The Awards are conferred on the recommendations made by the Padma Awards Committee, which is constituted by the Prime Minister every year.

3) The number of Bharat Ratna Awards is restricted to a maximum of five in a particular year.

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The black cotton soil of India has been formed due to the weathering of PYQ (2020)