Daily Current Affairs Quiz: September 14, 2024

Answer: B

Celebrated on September 15 in India

• Aim : to honor the contributions of engineers and commemorates the birth anniversary of Sir M. Visvesvaraya.
• Sir M. Visvesvaraya born on September 15, 1861 was a renowned Indian engineer and statesman known for his pioneering work in civil engineering.

Answer: b

Celebrated around the world on 15 September each year.

• Objective : Encouraging governments to strengthen and consolidate democracy.
• It was established through a resolution passed by the UN General Assembly in 2007.
• The day was first observed in 2008.

Answer: A

Celebrated on September 16

• Aim : to spread awareness among people about the depletion of Ozone Layer and the measures taken/ to be taken to preserve it.
• Designated by the United Nations General Assembly.

Answer: C

Current Context : Union Minister for Fisheries, Animal Husbandry and Dairying launched the “Rangeen Machhli” mobile app.

ABOUT  

• Developed by ICAR-Central Institute of Freshwater Aquaculture with support from the Pradhan Mantri Matsya Sampada Yojana.
• The app is designed to meet the growing needs of the ornamental fisheries sector, providing crucial knowledge resources for hobbyists, aquarium shop owners, and fish farmers.
• It provides multilingual information on popular ornamental fish species in eight Indian languages.
• Features: Locate nearby aquarium shops, Promoting local businesses and connecting users with reliable sources for ornamental fish.

ABOUT ORNAMENTAL FISH FARMING :

• It is practise of raising attractive, colorful fishes of various characteristics, which are reared in a confined aquatic system.
• Indigenous Ornamental Fishes: Loaches, Eels, Barbs, Catfish, and Goby, Clown Fish etc.

Answer: C

Current Context : The Indian Army contingent departed for the 5th edition of India-Oman Joint Military Exercise AL NAJAH.

• The exercise is scheduled to be conducted from 13th to 26th September 2024 at Rabkoot Training Area in Salalah, Oman.
• It has been held biennially since 2015, alternating between India and Oman.
• Last edition of the exercise was conducted at Mahajan in Rajasthan.
• Aim : to enhance joint military capability of both sides to undertake counter terrorism operations.

Answer: B

Current Context :  Defence Research & Development Organisation (DRDO) and the Indian Navy successfully conducted the flight test of the Vertical Launch Short Range Surface-to-Air Missile (VL-SRSAM).

• Conducted from the Integrated Test Range (ITR) in Chandipur, off the coast of Odisha.
• Flight test was carried out from a land-based vertical launcher.

ABOUT VL-SRSAM

• It is a vertically launched surface to air missile with all-weather capability for use by Indian Navy.
• It is a ship borne weapon system designed to neutralise various aerial threats at close ranges, including sea-skimming targets.
• Features: Indigenous Radio Frequency (RF) seeker
• Equipped with advanced guidance systems and cutting-edge technologies that provide enhanced agility and precision in targeting.
• Developed by the Defence Research and Development Organisation (DRDO) of India.

Answer: D

Current Context : The government has notified the National Bank for Financing Infrastructure and Development (NaBFID) as a public financial institution under the Companies Act.

• The move will enhance the bank’s capacity to finance large-scale infrastructure projects, thereby bolstering the country’s infrastructure development.

ABOUT  NABFID

• NaBFID is a specialised Development Finance Institution (DFI).
• Established in 2021, by an Act (The National Bank for Financing Infrastructure and Development Act, 2021).
• It was set up to support long-term infrastructure financing in India, including:
  • Developing bonds and derivatives markets, Strengthening the country’s economy, and Addressing gaps in long-term non-recourse finance.
• Regulated and supervised as an All-India Financial Institution (AIFI) by the Reserve Bank of India (RBI).

Answer: C

Current Context : The National Instructional Media Institute (NIMI), under the Ministry of Skill Development and Entrepreneurship (MSDE), launched a series of YouTube channels.

• Objective : to provide high-quality training videos to millions of learners across India’s Industrial Training Institute (ITI) skill ecosystem.
• NIMI’s initiative aligns with India’s National Skill Development Mission and the goals of the New Education Policy (NEP).

ABOUT NATIONAL INSTRUCTIONAL MEDIA INSTITUTE (NIMI)

• Established in December 1986 by Government of India as a Subordinate Office.
• Registered as a society under Tamil Nadu Societies Registration Act 1975.
• Renamed as NIMI in 2003.
• Functioning: Autonomous institution under government of India, Ministry of Skill Development & Entrepreneurship (MSDE), Directorate General of Training (DGT), New Delhi
• Aim : to develop Instructional Materials, e-content, Question Banks, Train media developers and trainers.
  • Enable translation of books into Hindi and other regional languages .

Answer: B

Current Context : Recently, Kerala government constituted the 7th State Finance Commission, with a two-year tenure.

• The Commission, chaired by former Planning Board member K N Harilal, will comprise the Principal Secretary of Local Self-Government Department and the Additional Chief Secretary of Finance Department as members.

ABOUT STATE FINANCE COMMISSION (SFC)

• Article 243Iwas introduced by the 73rd Constitutional Amendment Act, 1992.
• It empowers the Governorof a state to constitute a Finance Commission every five years.

FUNCTIONS AND RESPONSIBILITIES

• It reviews the financial position of the Panchayats and recommends principles for governing.
• Distribution between state and panchayats of net proceeds of state taxes.
• Determination of taxes, duties, tolls and fees which may be assigned to Panchayats Grants-in-aid to Panchayats from State Consolidated Fund.
• Similar provisions are made under Article 243Yfor Municipalities.
• Ensures that a Finance Commission also assesses and recommends financial principles for municipalities.