10 PM Current Affairs Quiz : April 11, 2019

The National Commission for the Protection of Child Rights (NCPCR) was set up in 2007 as a statutory body under the Commission for Protection of Child Rights Act,2005.

It works under the administrative control of the Ministry of Women & Child Development. The Commission’s mandate is to ensure that all Laws, Policies, Programmes and Administrative mechanisms are in consonance with the Child Rights perspective as enshrined in the Constitution of India and also the UN Convention on the Rights of the Child.

The Financial Sector Assessment Program (FSAP) is a joint program of the International Monetary Fund and the World Bank. It was launched in 1999 in the wake of the Asian financial crisis. The program brings together the World Bank and IMF expertise to help countries reduce the likelihood and severity of financial sector crises.

The FSAP provides a comprehensive framework through which assessors and authorities in participating countries can identify financial system vulnerabilities and develop appropriate policy responses.

The FSAP follows a three-pronged approach when looking at the country’s financial sector which are(a)The soundness of a financial system versus its vulnerabilities and risks that increase the likelihood or potential severity of financial sector crises (b)country’s developmental needs in terms of infrastructure, institutions and markets and (c)country’s compliance with the observance of selected financial sector standards and codes

The Global Findex database is the world’s most comprehensive data set on how adults save, borrow, make payments, and manage risk. It is released by world bank

The International Civil Aviation Organization (ICAO) is a specialized agency of the United Nations. It codifies the principles and techniques of international air navigation and fosters the planning and development of international air transport to ensure safe and orderly growth. Its headquarters is located in the Quartier International of Montreal, Quebec, Canada.

There are 192 ICAO members, consisting of 191 of the 193 UN members (all but Dominica and Liechtenstein, both of which do not have international airports)

Article 324 says that Election Commission shall consist of the Chief Election Commissioner and such number of other Election Commissioners, if any, as the President may from time to time fix.

The Election Commission of India administers elections to the Lok Sabha, Rajya Sabha, State Legislative Assemblies, and the offices of the President and the Vice President in India.

The Financial Action Task Force (FATF) is an inter-governmental body established in 1989 on the initiative of the G7. It is a “policy-making body” which works to generate the necessary political will to bring about national legislative and regulatory reforms in various areas. The FATF Secretariat is housed at the OECD headquarters in Paris.

The objectives of the FATF are to (a) set standards and promote effective implementation of legal, regulatory and operational measures (b) for combating money laundering (c)terrorist financing and (d) other related threats to the integrity of the international financial system