Current Affairs - Bills and Acts
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Exercise : Bills and Acts - Latest Current Affairs
- Bills and Acts - Latest Current Affairs
1.
Under which year's Indian Patents Act can compulsory licensing be invoked for life-saving drugs?
Answer: Option
Explanation:
The Indian Patents Act, of 1970, includes provisions for compulsory licensing under Section 84, allowing the government or third parties to produce patented drugs without the patent owner's consent under specific conditions. This is particularly crucial for making life-saving medicines accessible and affordable for rare disease patients. The Act balances patent protection with public health needs, ensuring that intellectual property rights do not hinder essential medical access. Recent demands by rare disease patients highlight the ongoing relevance of this legal provision in addressing healthcare affordability in India.
Date : 2025-06-10
2.
Under which Article has the Centre issued regulations for Ladakh to address the demands of its people?
Answer: Option
Explanation:
The Centre has issued regulations for Ladakh under Article 240, which empowers the President to make regulations for the peace and good governance of certain Union Territories. These regulations have introduced domicile-based job reservations, provisions for reservations, preservation of local languages, and representation for women. Although the Sixth Schedule status was widely requested, the Centre opted for regulations under Article 240 to address the demands of the people of Ladakh, providing some level of autonomy and protection.
Date : 2025-06-08
3.
Under which year was the Prevention of Money Laundering Act (PMLA) enacted?
Answer: Option
Explanation:
India plans to regulate online real money gaming (RMG) under the Prevention of Money Laundering Act (PMLA), 2002, aiming to enhance financial transparency and user protection. The move responds to the sector’s rapid growth and the associated risks of illicit financial flows. RMG platforms, including fantasy sports and poker, have surged in popularity, especially among youth, driven by affordable internet, mobile accessibility, and digital payments. However, concerns about money laundering through complex transaction layering and cross-border fund integration have prompted the government to consider applying the 2002 legislation to strengthen oversight and reduce vulnerabilities in the digital gaming landscape.
Date : 2025-06-08
4.
In which year was India's first comprehensive bankruptcy law enacted?
Answer: Option
Explanation:
India enacted its first comprehensive bankruptcy law in 2016, marking a major shift in how financial distress and insolvency were handled. The law aimed to create a more structured, time-bound, and creditor-friendly insolvency resolution process, replacing the earlier fragmented systems. This legislation introduced a framework that enabled faster debt recovery, improved borrower behaviour, and enhanced credit discipline. Its impact has been profound—over 30,000 cases settled pre-admission, a notable reduction in debt costs for distressed firms, and improved governance. Identifying 2016 as the year of enactment is vital to understanding the chronology and evolution of insolvency reforms in India.
Date : 2025-06-08
5.
Under which Article of the WHO Constitution was the world’s first global Pandemic Agreement adopted?
Answer: Option
Explanation:
The World Health Organization adopted its first global Pandemic Agreement under Article 19 of the WHO Constitution during the 78th World Health Assembly. This legal instrument, only the second after the Framework Convention on Tobacco Control (2003), aims to enhance global health security through equitable access to vaccines, diagnostics, and therapeutics during pandemics. The agreement promotes international cooperation, ensures technology transfer, mandates affordable access, and establishes financial and logistical frameworks for effective pandemic response. By using Article 19, which allows the WHO to adopt conventions or agreements for health-related matters, this treaty sets a vital precedent for global collaboration in public health emergencies.
Date : 2025-06-01
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