10 PM Current Affairs Quiz : November 3, 2018

The Archaeological Survey of India (ASI), under the Ministry of Culture, is the premier organization for the archaeological researches and protection of the cultural heritage of India. Maintenance of ancient monuments and archaeological sites and remains of national importance is the prime concern of the ASI. It regulates all archaeological activities in the country as per the provisions of the Ancient Monuments and Archaeological Sites and Remains Act, 1958. It also regulates Antiquities and Art Treasure Act, 1972.

Atal Bimit Vyakti Kalyan Yojna is a scheme of Employee State Insurance Corporation (ESIC) for Insured Persons (IP) covered under the ESI Act, 1948. The scheme is a relief payable in cash directly to the Bank Account in case of unemployment and while they search for new engagement. The cash benefit given to the unemployed persons searching for new employment will be 25 percent of his average earning of 90 days. Therefore, both statement 1 and 2 is correct

The India Meteorological Department (IMD) launched a new Ensemble Prediction Systems (EPS) to provide probabilistic weather forecasts up to the next 10 days.These new systems, according to IMD, shall improve upon deterministic forecasts that are prone to high margins of error. The EPS involves generation of multiple forecasts using slightly varying initial conditions. With this new model, India joins the US with a model that predicts with a 12 km resolution. Only the ‘European Center for Medium Range Weather Forecast’ has a, better, nine-kilometer resolution. Better forecasts lead to better management agriculture and water resources. It also helps promote tourism, solar and wind energy.

The chairman of the authority will be appointed by the Central government. He/She must be of the rank of secretary or additional secretary or an eminent engineer.Tenure of chairman is five years.

There will be Two part-time members nominated by the Central Government and  Four part-time members nominated by the party State governments and Union territory administration respectively.

The authority will decide the sharing of the river water among the States of Karnataka, Kerala and Tamil Nadu and the Union Territory of Puducherry.

Statement 1 is incorrect

The Banking Codes and Standards Board of India is an independent and autonomous body, registered as a separate society under the Societies Registration Act, 1860 on 18 February 2006.

Statement 2 is correct.

It is an independent banking industry watchdog that protects consumers of banking services in India.

The board oversee compliance with the “Code of Bank’s Commitment to Customers”.

The Reserve Bank of India extended financial support to the Board, meeting its expenses for the first five years.

Wave nature of light has been prevalent since ages. In the European scientific community, many scientists believed that light, like sound, traveled in waves. This group of scientists was most successfully represented by the Dutch physicist Christiaan Huygens.

In the late 19th century, when Max Planck modelled radiation emitted by a black body, the idea that light has a particle nature was mooted. Albert Einstein won a Nobel prize in 1921 for his paper on the photoelectric effect, in which he developed the idea of light as quanta, or photons.