10 PM Current Affairs Quiz #5 October 7, 2019

Explanation: IFC is based at the Indian Navy’s Information Management and Analysis Centre (IMAC) at Gurugram in the National Capital Region. IMAC is the single point centre on Indian Navy, linking all the coastal radar chains to generate a seamless real-time picture of the nearly 7,500km coastline.
•The IFC for Indian Ocean Region has the primary objective of jointly monitoring the vast Indian Ocean Region.
•To strengthen maritime security in the Indian Ocean Region (IOR)
•Indian Navy has launched its Information Fusion Centre (IFC) that will share information on vessels of interest with other friendly nations.
•IFC will function as a platform where multiple friendly nations can freely exchange non-sensitive information from maritime domain.
•The IFC – IOR shall be a collaborative construct that will work with partners, countries as well as international agencies; to enhance maritime security and safety
•It would also aim to work closely with the multi-national constructs and other information fusion centres.
•IFC-IOR will work closely with countries in the region on white shipping and will be operated by the Indian Navy.
•The IFC-IOR would work towards capability building in the region, coordination of incident response and disaster relief, and in time, also share submarine safety information

Explanation: National Horticulture Board (NHB) was set up by Government of India in April 1984 on the basis of recommendations of the “Group on Perishable Agricultural Commodities”, headed by Dr M. S. Swaminathan, the then Member (Agriculture), Planning Commission, Government of India. The NHB is registered as a Society under the Societies Registration Act 1860, with its headquarters at Gurugram. The main objectives of the NHB are to improve integrated development of Horticulture industry and to help in coordinating, sustaining the production and processing of fruits and vegetables.

Explanation: 126 years ago, the Norwegian researcher and explorer Fridtjof Nansen set sail on the first ever drift expedition with his wooden sailing ship Fram. But there has never been an expedition like the one now planned: for the first time, the MOSAiC project will take a modern research icebreaker laden with scientific instruments close to the North Pole in winter.
The name MOSAiC (Multidisciplinary drifting Observatory for the Study of Arctic Climate) mirrors the complexity and diversity of this expedition. MOSAiC will be the first year-round expedition into the central Arctic exploring the Arctic climate system. The project with a total budget exceeding 140 Million € has been designed by an international consortium of leading polar research institutions, led by the Alfred Wegener Institute, Helmholtz Centre for Polar and Marine Research (AWI).

Explanation: Singapore has passed the Protection from Online Falsehoods and Manipulation Act, 2019. The act aims to control the spread of falsehood which the government deems to be a threat to national security, public tranquility and Singapore’s friendly relations with other countries.
The act enables the government to order social media websites to take down posts deemed to be false. It gives Singaporean ministers the power to decide whether content on the internet is considered a falsehood. The minister will need to explain why the statement is false.

Explanation: Commercial paper is an unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts payable and inventories and meeting short-term liabilities. Maturities on commercial paper rarely range longer than 270 days. Commercial paper is usually issued at a discount from face value and reflects prevailing market interest rates.