10 PM Current Affairs Quiz #18 November 21, 2019

Explanation: Deposit Insurance and Credit Guarantee Corporation (DICGC) is a subsidiary of the Reserve Bank of India (RBI). It was established in 1978 as a statutory body under Deposit Insurance and Credit Guarantee Corporation Act, 1961. The act provides for the establishment of a Corporation for the purpose of insurance of deposits and guaranteeing of credit facilities and for other matters connected therewith or incidental thereto. The Deputy Governor of RBI acts as its Chairman of DICGC. It is headquartered in Mumbai.

Explanation: India has slipped 6 places to 59th rank on a global annual list of 63 countries, due to low quality of life and expenditure on education, according to the latest edition of IMD World Talent Ranking, which was topped by Switzerland. The ranking, which is based on the performance in three main categories — investment and development, appeal and readiness, noted that India is also lagging behind fellow BRICs countries – China ranked 42nd on the list, Russia (47th) and South Africa (50th).

Explanation: The Kimberley Process is an international certification scheme that regulates trade in rough diamonds. The Kimberley Process is an international certification scheme that regulates trade in rough diamonds. The Kimberley Process Certification Scheme (KPCS) outlines the rules that govern the trade in rough diamonds. India is one of the founding members of the KPCS.

Explanation: NATGRID project was initially started in 2009.It is an online database for collating scattered pieces of information and putting them together on one platform. The project is a counter terrorism measure that will enable multiple security and intelligence agencies to access a database related to immigration entry and exit, banking and telephone details among others from a common platform. The combined data from NATGRID will be made available to 10 Central Intelligence Agencies on a secured platform.

Explanation: Pakistan has conducted the test launch of Shaheen-1 surface-to-surface ballistic missile. Shaheen-1 is a land based supersonic short-range ballistic missile (SRBM). It has been jointly designed and developed by joint venture of Pakistan’s National Engineering and Scientific Commission (NESCOM) and National Defense Complex (NDC).