Daily Factly 15-06-2020

What is Daily Factly?

• Daily Factly is the NDI-National Defence Institute initiative to help students in the process of preparation for UPSC, CDS, CAPF, NDA, AFCAT, INET, SSC, and other State-level exams. Complemented with thorough preparation and revision of all subjects and mock tests, Daily Factly would undoubtedly help you gain those extra 10-12 marks when you have exhausted the limits of your knowledge. The real test is close. We hope this helps you.

1. Treaty of Amritsar of 1809 was signed between Maharaja Ranjit Singh and the British East India Company (Lord Minto) in 1809 which stipulated that perpetual friendship subsist between the British government and the State of Lahore.
2. Arbitration is the settlement of dispute between parties to a contract by a neutral third party (the arbitrator) without resorting to court action. It is one of the ways of alternative dispute resolution. Others being mediation, conciliation and Lok Adalats. It is confidential, speedier and cheaper than court. Arbitral awards are binding and enforceable through courts.
3. Non-Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 engaged in the business of loans and advances, acquisition of shares/stocks/bonds/ debentures/securities issued by Government or local authority or other marketable securities of a like nature, leasing, hire-purchase, insurance business, chit business. It does not include any institution whose principal business is that of agriculture activity, industrial activity, purchase or sale of any goods (other than securities) or providing any services and sale/purchase/construction of immovable property.
4. Disinvestment refers to the government selling or liquidating its assets or stakes in PSE (public sector enterprise). The Department for investment and public asset management (DIPAM) under Ministry of finance is the nodal agency for disinvestment.
5. Multidimensional Poverty Index (MPI) was developed in 2010 by the Oxford Poverty and Human Development Initiative (OPHI) and the United Nations Development Programme (UNDP). The global Multidimensional Poverty Index (MPI) is an international measure of acute multidimensional poverty covering over 100 developing countries.
6. CORPORATE SOCIAL RESPONSIBILITY (CSR) is a concept that suggests that it is the responsibility of the corporations operating within society to contribute towards economic, social and environmental development that creates positive impact on society at large.
7. Indian Tiger or Royal Bengal Tiger (Panthera tigris) is the tiger species native to India. The largest populations of Bengal tigers are in India, but there are some smaller groups in Bangladesh, Nepal, and Bhutan. It may also be present in areas of China and Burma. India is home to 80 per cent of global tiger population. Bengal tiger habitats usually are tropical rainforests, marshes, and tall grasses.
8. Global Tiger Initiative (GTI) was launched in 2008 as a global alliance of governments, international organizations, civil society, the conservation and scientific communities and the private sector, with the aim of working together to save wild tigers from extinction. In 2013, the scope was broadened to include Snow Leopards.
9. Great Indian Bustard is endemic to Indian Sub-continent, found in central India, western India and eastern Pakistan. Important Sites for the species are: Desert National Park Sanctuary (Rajasthan), Naliya (Gujarat), Warora (Maharashtra) and Bellary (Karnataka) Rajasthan has the highest population. The habitat where it is most often found is arid and semi-arid grasslands, open country with thorn scrub, tall grass interspersed with cultivation. It avoids irrigated areas.
10. DNA stands for Deoxyribonucleic Acid, a hereditary material in human and almost all the other organisms. Most DNA is located in the cell nucleus (called nuclear DNA) but some small amount of DNA can be found in Mitochondria (called mitochondrion DNA).