10 PM Daily Current Affairs Quiz | May 24 2021

• Statement 1 is correct: A FASTag has what is called a passive RFID chip as it does not contain its own battery. It is energized only when the beam from the scanner strikes it. At a toll plaza, when a vehicle comes within a certain radius, the scanner is able to send out the signals and read the tag which means, the identification code of the vehicle

• Statement 2 is correct: The FASTag sticker is vehicle specific, hence, once it is affixed on to a particular vehicle, it cannot be transferred to another vehicle.
• Statement 3 is incorrect: The National Highways Authority of India (NHAI) through its subsidiary Indian Highway Management Company Limited (IHMCL) sells and operates FASTag.

Bordering countries

• Jordan

• Syria
• Lebanon
• Egypt

Agumbe is a series of indigenously developed semiconductor chips launched by Bengaluru-based semiconductor manufacturing company Signalchip. These chips would be used in 4G/LTE and 5G NR Modem applications 

• Statement 1 is correct: It is the duty of the Commission to eliminate practices having adverse effect on competition, promote and sustain competition, protect the interests of consumers and ensure freedom of trade in the markets of India.

• Statement 2 is correct: Competition Commission of India has been established by the Central Government under the Competition Act 2002 (act was amended in 2007)

Correct order from North to South is: Celebes Sea – Banda Sea – Arafura Sea 

Statement 1 is incorrect. Whiteflies are invasive species. Most of the whitefly species are native to the Caribbean islands or Central America. India: Around eight types of whitefly species are found in India. The first invasive whitefly was reported from Kerala in 1995. These species are now distributed throughout India except Jammu & Kashmir. 

Statement 2 is incorrect. Whitefly species reduce the yield and also damage crops. Hence, they are considered as invasive species. These insects excrete sticky honeydew and cause the yellowing or death of leaves. 

Read more about Whiteflies 

Statement 1 is incorrect.  Astronomy was established as one of five thematic science areas within BRICS at a ministerial meeting held in South Africa in 2014. Formed in: The BRICS Astronomy Working Group(BAWG) established in 2015. 

Statement 2 is correct. 7th meeting of group witnessed participation from all five BRICS countries – Brazil, Russia, India, China and South Africa – with more than 50 participants, including researchers, academicians and government officials. 

Statement 3 is correct. The BRICS Astronomy Working Group has recommended networking of telescopes in member countries and creating a regional data network. 

Read more about BRICS Astronomy Working Group

Option b is incorrect. 26% FDI is permitted in print media under government route. 

The Finance Ministry notified the Indian Insurance Companies (Foreign Investment) Amendment Rules, 2021. These rules will apply to all insurers irrespective of the stake held by the foreign partner. These rules will give an effect to increased FDI limit in the Insurance Sector to 74% from 49%. Read more 

 In Coal Mining 100% FDI is permitted under automatic route. 

In defence sector 100 per cent FDI is permitted. Centre allowed up to 74% FDI in defence sector under automatic route and above that under government route.  

Exp. The name ‘Yaas’ was suggested by Oman and refers to a tree with good fragrance and in English, the word is similar to Jasmine. 

India has, so far, proposed the names Gati (speed), Tej (speed), Marasu (musical instrument in Tamil), Aag (fire), Jhar (storm), Ghurni (whirlpool), Vega (speed) and Neer (water). 

The next cyclone—after Yaas—is likely to be named Gulab, suggested by Pakistan.