10 PM Current Affairs Quiz #7 November 8, 2019

Explanation: PRAGATI stands for Pro-Active Governance And Timely Implementation. The platform was launched in 2015. The platform is aimed at addressing common man’s grievances and simultaneously monitoring and reviewing important programmes and projects of the Government of India as well as projects flagged by State Governments. The major objectives of the program are (a) Grievance redressal (b) Project implementation (c) Project monitoring.

Explanation: HS stands for Harmonized System and was developed by the World Customs Organization (WCO). The code is used by customs officers to clear commodities entering or crossing international borders. The code aids countries in the collection of international trade statistics and forms a basis for customs tariffs. This helps in better reach of the product and increases its global popularity. The Ministry of Commerce and Industry has allocated separate HS code for Khadi to boost exports of this signature fabric of India.

Explanation: The Reserve Bank of India (RBI) has introduced ‘liquidity management framework’ for Non-Banking Financial Companies (NBFCs). This framework is introduced due to liquidity crunch faced by some NBFCs after the collapse of the Infrastructure Leasing and Financial Services (IL&FS) group. The framework has introduced the liquid¬ity coverage ratio (LCR) for Non-Banking Financial Companies (NBFCs). It says that all non deposit taking NBFCs with an asset size of ₹10,000 crore and above and all deposit taking NBFCs irrespective of their asset size have to maintain LCR at 50% starting from December 2020 which will be gradually increased to 100 per cent by December 2024.

Explanation: Mission Innovation (MI) is a global initiative of 24 countries and the European Commission (on behalf of the European Union). The mission aims to accelerate public and private clean energy innovation to address climate change, make clean energy affordable to consumers and create green jobs and commercial opportunities. The mission was announced at the COP21 on November 30, 2015 as world leaders came together in Paris, France to commit to ambitious efforts to combat climate change. India is a founding member of the Mission Innovation. Union Minister of Science & Technology, Earth Sciences, Health and Family Welfare has inaugurated the Mission Innovation (MI) Face to Face meeting of Innovation Challenges(IC).

Explanation: Recently, 500 passenger locomotives of the South Central Railway (SCR) have been fitted with the newly developed Real-time Train Information System (RTIS). The system has been developed by the Centre for Railway Information Systems (CIRE) with the help of ISRO-Airports Authority of India’s GAGAN-Global Positioning System (GPS) aided geo-augmented navigation. The system is aimed at automatic transmission of speed and movement of trains to the central control office for improving the train control functions. The RTIS device uses GAGAN to transmit a signal to the control hubs. Passengers and freight customers will receive more accurate information on train status when the train concerned is connected to a locomotive equipped with RTIS.