10 PM Daily Current Affairs Quiz | February 11 2021

Special Drawing Right (SDR) is an international reserve asset, created by the IMF in 1969 to supplement its member countries’ official reserves. The value of the SDR is based on a basket of five currencies—the U.S. dollar, the euro, the Chinese renminbi, the Japanese yen, and the British pound sterling.

The SDR basket is reviewed every five years, or earlier if warranted, to ensure that the basket reflects the relative importance of currencies in the world’s trading and financial systems. During the last review concluded in November 2015, the Board decided to include the Chinese renminbi (RMB) in SDR basket.

The Financial Stability Reports are published by Reserve Bank of India, after approved by FSDC Sub-Committee since its inception, taking inputs from financial sector regulators i.e. RBI, SEBI, FRDA, IRDAI including Ministry of Finance.

These are periodic exercise for reviewing the nature, magnitude and implications of risks that may have a bearing on the macroeconomic environment, financial institutions, markets and infrastructure. These reports will also assess the resilience of the financial sector through stress tests.

Both statements are correct.

Sedition, as the Section 124A of Indian Penal Code defines is an attempt to bring hatred or contempt, or disaffection against the Government established by law in India. This can be done by words, signs, or any kind of visible representation.

It further makes sedition a punishable offence that shall be punished with imprisonment for life, to which a fine may be added; or, with imprisonment which may extend to three years, to which a fine may be added; or, with fine.

Statement 1 is incorrect. ‘Police’ and ‘law and order’ fall under the category of subjects within the domain of the State as per Entry 2 of List II of the Seventh Schedule in the Constitution of India. Thus, the principal responsibility for managing these subjects lies with the State Governments.

However, the States have not been able to fully modernize and equip their police forces upto the desired level due to financial constraints. It is in this context that the Ministry of Home Affairs (MHA) has been supplementing the efforts and resources of the States, from time to time, by implementing the Scheme for Modernisation of State Police Forces (MPF Scheme) since 1969-70.

Statement 2 is correct. The criteria determined for inter-State distribution of funds by the Government in the year 2005 include (i) population (35% weightage), (ii) sanctioned strength of police force (25% weightage), (iii) number of police stations (15% weightage) and (iv) incidence of crime per lakh population (25% weightage).

Statement 1 is correct. Currently, abortion requires the opinion of one doctor if it is done within 12 weeks of conception and two doctors if it is done between 12 and 20 weeks. The Medical Termination of Pregnancy (Amendment) Bill, 2020 allows abortion to be done on the advice of one doctor up to 20 weeks, and two doctors in the case of certain categories of women between 20 and 24 weeks.

Statement 2 is incorrect. The Bill provides that safe abortions can be performed at any stage of the pregnancy in case of foetal “abnormalities,” it fails to consider any other reason such as personal choice, a sudden change in circumstances due to separation from or death of a partner, and domestic violence.

Both statements are correct.

Distributed denial-of-service attacks target websites and online services. It disrupts the normal traffic of a targeted server, service or network by overwhelming the target or its surrounding infrastructure with a flood of Internet traffic.

DDoS attacks achieve effectiveness by utilizing multiple compromised computer systems as sources of attack traffic. Exploited machines can include computers and other networked resources such as IoT devices.

Crude oil is a fundamental source of energy for the world’s economy. Besides being one of the most actively traded commodities, the price of crude oil is extremely sensitive to geopolitical and weather events. The most popular traded grades are Brent North Sea Crude (commonly known as Brent crude), Sour grade (Oman & Dubai average) and West Texas Intermediate (commonly known as WTI).

Indian basket of Crude Oil represents a derived basket comprising of Sour grade (Oman & Dubai average) and Sweet grade (Brent Dated) of Crude oil processed in Indian refineries.

Prices of petrol and diesel have been made market-determined with effect since 2010 and 2014 respectively. Public Sector OMCs have implemented daily revision of retail selling price (RSP) of petrol and diesel in the entire country since 2017.

Statement 1 is correct. Under the Unlawful Activities (Prevention) Act, 1967, the central government may designate an organisation as a terrorist organisation if it: (i) commits or participates in acts of terrorism, (ii) prepares for terrorism, (iii) promotes terrorism, or (iv) is otherwise involved in terrorism. The 2019 amendment to the act additionally empowered the government to designate individuals as terrorists on the same grounds.

Statement 2 is incorrect. Under the Act, an investigating officer is required to obtain the prior approval of the Director General of Police to seize properties that may be connected with terrorism. The 2019 amendment act added that if the investigation is conducted by an officer of the National Investigation Agency (NIA), the approval of the Director General of NIA would be required for seizure of such property.

Statement 1 is correct. The National Child Labour Project (NCLP) Scheme is a Central Sector Scheme for the rehabilitation of child labour. Under this Scheme the District Project Societies (DPS) are set up at the district level under the Chairmanship of the Collector/District Magistrate for overseeing the implementation of the project.

Statement 2 is incorrect. The project societies are required to conduct survey to identify children working in hazardous occupations and processes. These children will then form the target group for the project society. Of the children identified those in the age group 5-8 years will have to be mainstreamed directly to formal educational system through the SSA.

Working children in the age group of 9- 14 years will have to be rehabilitated through NCLP schools established by the Project Society. The Special Training Centers (STCs) under NCLP are run by District Project Societies under the Chairmanship of District Collector/District Magistrate.

Both statements are correct.

Indian Navy’s largest war game – the biennial Theatre Level Operational Readiness Exercise (TROPEX 21) – which commenced in early January, is currently underway with participation of all operational units of Indian Navy including ships, submarines, aircraft as well as units of the Indian Army, Indian Air Force and Coast Guard. The exercise will culminate by third week of February.

The exercise is being conducted over a vast geographical expanse in the Indian Ocean Region including its adjunct waters and is aimed at testing combat readiness of the Navy in a complex multi-dimensional scenario set in the context of the current geo strategic environment.