According to Economic Survey, India is suffering from a ‘twin balance sheet problem’, where both the banking and corporate sectors are under stress not just a small amount of stress, but one of the highest degrees of stress in the world. At its current level, India's NPA ratio is higher than any other major emerging market, higher even than the peak levels seen in Korea during the East Asian crisis.

The World Bank Group consists of five organizations:

• The International Bank for Reconstruction and Development (IBRD): It lends to governments of middle-income and creditworthy low-income countries.
• The International Development Association (IDA): The International Development Association provides interest-free loans – called credits – and grants to governments of the poorest countries. Together, IBRD and IDA make up the World Bank.
• The International Finance Corporation (IFC): The International Finance Corporation is the largest global development institution focused exclusively on the private sector. It helps developing countries achieve sustainable growth by financing investment, mobilizing capital in international financial markets, and providing advisory services to businesses and governments.
• The Multilateral Investment Guarantee Agency (MIGA): It was created in 1988 to promote foreign direct investment into developing countries to support economic growth, reduce poverty, and improve people’s lives. MIGA fulfils this mandate by offering political risk insurance (guarantees) to investors and lenders.
• The International Centre for Settlement of Investment Disputes (ICSID): It provides international facilities for conciliation and arbitration of investment disputes.
• India is a member of four of the five constituents of World Bank Group viz. IBRD, IDA, & MIGA. India is not a member of ICSID.

• The International Maritime Organization (IMO) only creates a regulatory framework for the shipping industry that is fair and effective, universally adopted and universally implemented. The implementation part lies with nation-states. Therefore, statement 1 is not correct.
• Further, it creates guidelines for the prevention of marine pollution and degradation from ships. Therefore, statement 2 is correct.
• Legal issues matters pertaining to international shipping, such as liability and compensation matters, in international water, are under the purview of the International Maritime Organization (IMO). Therefore, statement 3 is not correct.

Canada has suspended the use of the Oxford-AstraZeneca coronavirus vaccine for people under age 55 following concerns it might be linked to rare blood clots.

The National Advisory Committee on Immunization had recommended the pause for safety reasons.

The risk of blood clots is now potentially as high as one in 100,000, much higher than the one in one million risks believed before.

Canada:

Capital - Ottawa

Currency - Canadian dollar

Prime Minister - Justin Trudeau

• Monetary Policy Committee (MPC) is a committee constituted by the Government of India on 27 June 2016 to make the interest rate determination more useful and transparent. Policy making in India has been handed over to the newly formed Monetary Policy Committee (MPC), amending the Reserve Bank of India Act.
• The Reserve Bank of India Act 1934 (RBI Act) was amended by the Finance Act 2016 to provide a statutory and institutional form to the Monetary Policy Committee. Therefore, statement 1 is correct.
• It was established on the recommendation of Urjit Patel Committee. Therefore, statement 2 is correct.
• The Governor of the Reserve Bank is the ex-officio Chairman of this committee, while the Deputy Governor of the Reserve Bank of India serves as the in-charge of the Monetary Policy Committee. Therefore, statement 3 is not correct.

• Johnson & Johnson will start delivering its single-shot COVID vaccine to Europe on April 19, 2021.
• The job was approved by European Union regulators in mid-March, 2021 following approval of vaccines made by Pfizer-BioNTech, Moderna and AstraZeneca. 
• The 27-nation EU has signed a firm order for 200 million J&J doses and an option for 200 million more.

• Covid-19 vaccines from Pfizer Inc. and Moderna Inc. effectively prevent coronavirus infections, not just illness, with substantial protection evident two weeks after the first dose.
• Two doses of the vaccines provide as much as 90 % protection against infection, according to data from U.S. Centers for Disease Control and Prevention study.
• The shots also prevent hospitalizations and deaths.

The Fundamental Rights in the Indian Constitution include:

Right to Equality: All persons are equal before the law. This means that all persons shall be equally protected by the laws of the country. It also states that no citizen can be discriminated against on the basis of their religion, caste or sex. Every person has access to all public places including playgrounds, hotels, shops etc. The State cannot discriminate against anyone in matters of employment. The practice of untouchability has also been abolished.

Right to Freedom: This includes the right to freedom of speech and expression, the right to form associations, the right to move freely and reside in any part of the country, and the right to practice any profession, occupation or business.

Right against Exploitation: The Constitution prohibits human trafficking, forced labour, and employment of children under 14 years of age.

Right to Freedom of Religion: Religious freedom is provided to all citizens. Every person has the right to practice, profess and propagate the religion of their choice.

Cultural and Educational Rights: The Constitution states that all minorities, religious or linguistic, can set up their own educational institutions in order to preserve and develop their own culture.

Right to Constitutional Remedies: This allows citizens to move the court if they believe that any of their Fundamental Rights have been violated by the State.

• Priority Sector means those sectors which the Government of India and Reserve Bank of India consider as important for the development of the basic needs of the country and are to be given priority over other sectors.
• The banks are mandated to encourage the growth of such sectors with adequate and timely credit.

Priority Sector includes the following categories:

1. Agriculture
2. Micro, Small and Medium Enterprises
3. Export Credit
4. Education
5. Housing
6. Social Infrastructure
7. Renewable Energy

Out of Africa’s 55 countries, 16 of them are landlocked: Botswana, Burkina Faso, Burundi, Central African Republic, Chad, Ethiopia, Lesotho, Malawi, Mali, Niger, Rwanda, South Sudan, Swaziland, Uganda, Zambia, and Zimbabwe. In other words, about a third of the continent is made up of countries that have no access to the ocean or sea. Of Africa’s landlocked countries, 14 of them are ranked “low” on the Human Development Index (HDI), a statistic that takes into account factors such as life expectancy, education, and income per capital.