10 PM Current Affairs Quiz : November 6

The Sri Ranganathaswamy temple at Srirangam in Tamil Nadu has won UNESCO Asia-Pacific award for cultural heritage conservation programme in the Awards of Merit category. It is first temple from Tamil Nadu to grab the prestigious honour from the UN body.

Statement 1 is correct. The SAAW project is India’s first fully indigenous anti-airfield weapon project sanctioned by Government in 2013. SAAW is a long-range lightweight high precision-guided anti-airfield weapon.

Statement 2 is correct.  SAAW’s deep penetration capabilities and high explosive warhead carrying capacity will allow Indian Air Force (IAF) to easily hit targets across borders.It can be integrated into the varied types of fighter jets with the Indian Air Force (IAF)

CATOBAR (Catapult Assisted Take-Off But Arrested Recovery or Catapult Assisted Take-Off Barrier Arrested Recovery) is a system used for the launch and recovery of aircraft from the deck of an aircraft carrier. Thus, statement 1 is correct.

Under this technique, aircraft launch using a catapult-assisted take-off and land on the ship (the recovery phase) using arrestor wires.

Although this system is costlier than alternative methods, it provides greater flexibility in carrier operations, since it imposes less onerous design elements on fixed wing aircraft than alternative methods of launch and recovery such as STOVL or STOBAR, allowing for a greater payload for more ordinance and/or fuel. CATOBAR can launch fully-armed aircraft and multiple aircraft quickly. Thus statement 2 is correct.

Ministry of Communications launched a Pan India scholarship program for school children called Deen Dayal SPARSH Yojana to increase the reach of Philately.

Under the scheme of SPARSH (Scholarship for Promotion of Aptitude & Research in Stamps as a Hobby), it is proposed to award annual scholarships to children of Standard VI to IX having good academic record and also pursuing Philately as a hobby through a competitive selection process in all postal circles.

• The Comprehensive Economic Partnership Agreement (CEPA) is a free trade agreement between India and South Korea.
• The agreement was signed on August 7, 2009

• The Organization for Economic Co-operation and Development  is an intergovernmental economic organization with 35 member countries, founded in 1960 to stimulate economic progress and world trade
• It is a forum of countries describing themselves as committed to democracy and the market economy, providing a platform to compare policy experiences, seeking answers to common problems, identify good practices and coordinate domestic and international policies of its members.
• Most OECD members are high-income economies with a very high Human Development Index (HDI) and are regarded as developed countries.
• OECD is an official United Nations Observe

• The Reserve Bank of India (RBI) is India’s central banking institution, which controls the monetary policy of the Indian rupee. It commenced its operations on 1 April 1935 during the British Rule in accordance with the provisions of the Reserve Bank of India Act, 1934
• It is a member bank of the Asian Clearing Union. Thus, option A is the correct answer.
• The primary objective of ACU, at the time of its establishment, was to secure regional co-operation as regards the settlement of eligible monetary transactions among the members of the Union to provide a system for clearing payments among the member countries on a multilateral basis.