26 July 2022: Daily Current Affairs & GK for HAS/HPAS & Allied Services

26 July 2022: Daily Current Affairs & GK for HAS/HPAS & Allied Services

26 July 2022: Daily Current Affairs & GK for HAS/HPAS & Allied Services

1. What do you mean by the term Letter of Credit?

a) It is a bank guarantee which ensures a payment by a buyer to a seller.

b) It is a certificate issued to a creditor bank by a person taking loan.

c) It is a certificate issued to a debtor by the creditor bank.

d) It is a certificate issued by the Operational Creditors in the course of a business transaction.

ANSWER (A)

EXPLANATION

  • Why in News: In line with opening of allocation of Government business to Private Sector Banks by the Department of Financial Services, Ministry of Defence(MoD) has assigned HDFC Bank, ICICI Bank and Axis Bank to provide financial services in form of Letter of Credit (LC) and Direct Benefit Transfer (DBT) business for overseas procurement by the Ministry. Till now, only authorised Public Sector Banks(PSBs) were utilised to provide such services to the MoD. Allocation of LC and DBT business to Private Sector Banks is expected to bring in greater competition and efficiency in the banks.
  • A letter of credit, or "credit letter," is a letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. In the event that the buyer is unable to make a payment on the purchase, the bank will be required to cover the full or remaining amount of the purchase. It may be offered as a facility.

2. ​​​​​​Consider the following statements about Dropadi Murmu being elected as the President of India

  1. She is the 15th President of India.
  2. She is the youngest President at the age of 64 years.
  3. She is the first women President of India
  4. She is the first President of India belonging to the tribal community.

Which of the above statements is/are correct?

a) 1 and 2 only

b) 1 and 4 only

c) 2, 3 and 4 only

d) 1, 2 and 4 only

ANSWER (D)

EXPLANATION

  • Droupadi Murmu is serving as the 15th President of India since 25 July 2022. She was sworn in by Chief Justice of India N.V. Ramana at the Central Hall of the Parliament. Ms. Murmu, who succeeds Ram Nath Kovind, is the country’s youngest President at 64. She is also the first President of India belonging to the tribal community.
  • Smt. Pratibha Devi Singh Patil was the first women President of India. Thus, statement 3 is wrong.

3. Which of the following statement regarding the Paintings of Raja Ravi Verma is correct?

a) He mastered the art of paintings in water colour.

b) His paintings were highly imaginative with unrealistic perspectives.

c) He painted exclusively on the themes related to Indian mythology.

d) He also set up a picture production team and a printing press on outskirts of Bombay.

ANSWER (D)

EXPLANATION

  • Raja Ravi Verma: Mastered western art of oil painting(not water colour) & realistic art study, but painted on themes from Indian mythology.
  • His paintings were highly realistic, and thus option 'b' is incorrect.
  • He dramatized on canvas, scenes from Ramayana & Mahabharata(theatrical performances of mythological stories) For example: Kirshna Sandhan.
  • Tried to create a style that was both modern & national.
  • He also drew on secular  themes such as portraits of his family members and kings.
  • His paintings became rage among Indian princes & art collectors, who filled their palace galleries with his works.
  • With huge popular appeal, he decided to set up a picture production team & printing press on outskirts of Bombay. Here colour prints of his paintings were mass produced. Even poor could buy these cheap prints.

4. Neeraj Chopra recently clinched a Silver medal in which of the following events?

a) World Athletics Championship

b) Asian Athletics Championship

c) Commonwealth Games

d) Olympic Games

ANSWER (A)

EXPLANATION

Neeraj Chopra’s silver in men’s javelin at the World Athletics Championships in Eugene, United States, marks one of India’s greatest sporting successes. Even as the celebratory euphoria over his stunning Olympic triumph from last year is yet to fully die down, Chopra produced another brilliant show to savour with his maiden podium finish at the Worlds.

5. Consider the following statements.

  1. An arrest can only be made after issuing a warrant which records in writing the reasons for every arrest.
  2. There is a requirement of a notice to be sent by the investigating agencies before making an arrest in certain conditions.
  3. Any non-compliance of the provision regarding the arrest can lead to bail.

Which of the above statements are correct?

a) 1 and 2

b) 2 and 3

c) 1 and 3

d) 1, 2 and 3

ANSWER (D)

EXPLANATION

  • Why in News: A division bench of the SC in Satender Kumar Antil vs CBI has laid down fresh guidelines on arrests in order to have strict compliance of the provisions of Section 41 and 41A of the Code of Criminal Procedure, 1973. The High Courts have also been directed to undertake the exercise of finding out the undertrial prisoners who are not able to comply with bail conditions.

Regard arrests - Section 41 and 41A:

  • Section 41 provides for the circumstances in which arrest can be made by the police without a warrant and mandates for reasons to be recorded in writing for every arrest and non-arrest.
  • Section 41A provides for the requirement of a notice to be sent by the investigating agencies before making an arrest in certain conditions.
  • The Court stated that any dereliction on the part of the agencies has to be brought to the notice of the higher authorities by the court followed by appropriate action. The courts will have to satisfy themselves on the compliance of Section 41 and 41A. Any non-compliance would entitle the accused for grant of bail.

6. Consider the following statements about Periodic Labour Force Survey (PLFS)

Periodic Labour Force Survey is released by the Ministry of Labour and Employment.

It measures the employment status in the short time interval of three months for only the urban areas in the current weekly status (CWS).

Which of the above statements is/are correct?

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

ANSWER (B)

EXPLANATION

  • Statement 1 is incorrect: Periodic Labour Force Survey (PLFS) is released by the National Statistical Office (NSO), under the ministry of statistics and programme implementation.
  • Statement 2 is correct: The objectives of PLFS are twofold: to estimate the key employment and unemployment indicators (viz. Worker Population Ratio, Labour Force Participation Rate, Unemployment Rate) in the short time interval of three months for the urban areas only in the Current Weekly Status (CWS). It also estimates employment and unemployment indicators in both ‘Usual Status’ and CWS in both rural and urban areas annually.

7. Consider the following statements about the National Skill Development Corporation (NSDC):

National Skill Development Corporation (NSDC) is a not-for-profit public limited company initially set up by the ministry of finance.

NSDC aims to promote skill development by catalysing the creation of large, quality and for-profit vocational institutions.

Which of the above statements is/are correct?

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

ANSWER (C)

EXPLANATION

  • Statement 1 is correct: National Skill Development Corporation (NSDC) is a not-for-profit public limited company incorporated in 2008 under the Companies Act, 1956.  NSDC was set up by the Ministry of Finance as Public Private Partnership (PPP) model.  The Government of India through the Ministry of Skill Development & Entrepreneurship (MSDE) holds 49% of the share capital of NSDC, while the private sector has a balance of 51% of the share capital.
  • Statement 2 is correct: NSDC aims to promote skill development by catalysing the creation of large, quality and for-profit vocational institutions. Further, the organisation provides funding to build scalable and profitable vocational training initiatives.

8. Consider the following statements about 5G:

For 5G installation, it is necessary to increase the density of mobile towers to provide better coverage.

5G infrastructure requires tower fiberisation which is connecting radio towers with each other via optical fibre cables.

Which of the above statements is/are correct?

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

ANSWER (C)

EXPLANATION

  • Statement 1 is correct: With 5G, it will be necessary to increase the density of mobile towers to provide better coverage to consumers and businesses.
  • Statement 2 is correct: The process of connecting radio towers with each other via optical fibre cables is called fiberisation. It helps provide full utilization of network capacity and carries large amounts of data once 5G services are rolled out. It will also aid in providing additional bandwidth and stronger backhaul support.

9. Which of the following cities is not located on the bank of River Godavari?

a) Nashik

b) Pandharpur

c) Nanded

d) Paithan

ANSWER (B)

EXPLANATION

  • Nashik, Nanded and Paithan are located on Godavari River.
  • Pandharpur River is located on the bank of Chandrabhaga.

10. Hemis National Park is located in which of the following states?

a) Uttarakhand

b) Arunachal Pradesh

c) Himachal Pradesh

d) Ladakh

ANSWER (D)

EXPLANATION

  • Hemis National Park is a high-altitude national park in Ladakh, India.
  • Globally famous for its snow leopards, it is believed to have the highest density of them in any protected area in the world.

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