Questions

The Economic and Social Council (ECOSOC) is one of the six principal organs of the United Nations for coordinating the economic, social and environmental issues, as well as for implementing internationally agreed development goals. Recently, it is in news because India has been re-elected to the United Nations ECOSOC for another 3-year term. India was among 18 nations to win election to the Economic and Social Council (ECOSOC). India obtained 183 votes, the second highest after Japan in the Asia Pacific category. The elected members of ECOSOC for a three-year term beginning 1 January, 2018 are Belarus, Ecuador, El Salvador, France, Germany, Ghana, India, Ireland, Japan, Malawi, Mexico, Morocco, Philippines, Spain, Sudan, Togo, Turkey and Uruguay. The headquarters of the ECOSOC is located in New York, Unites States.

The organization that created the shared economy is European Union.

Profit ratio X & Y = (700 × 3) + (700 × 5/7× 3) + (700× 5/7 + 200 × 3/5 )× 6 : 600 ×12
X:Y= 7320 : 7200= 183:180
∴ X’s share from profit = 183 × 726/(183+180) = Rs. 366.

The China-sponsored Asian Infrastructure Investment Bank (AIIB) has approved $160 million loan for Andhra Pradesh – 24×7 Power for All project with an objective to strengthen power transmission and distribution system in the state. It is the first credit from the AIIB for an Indian project. The power project is co-financed by the World Bank (WB). The project is part of the Government of India’s Power for All Program that was launched in 2014 to provide an efficient, reliable and affordable electricity supply to all consumers across selected states within five years from the start of implementation of the program in each state.

The Moortidevi Award is an annual literary award in India presented by the Bharatiya Jnanpith organization for a work which emphasizes Indian philosophy and culture. In 2003, the prize included an amount of Rs. 1 lakh (US$1,500), a plaque, a statue of Saraswati, and a shawl. The cash prize was raised to Rs. 2 lakh (US$3,000) in the year 2011 and to Rs.4 lakh (US$5,900) in the year 2013.L