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Current Affairs Quiz Today – 11th Feb 2021

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Current affairs quiz today – 11th Feb. 2021.
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Results

#1. Which was the first-ever aircraft carrier warship of India?

ANS: (B) INS Vikrant

Explanation:

  • The first-ever aircraft carrier warship of India was INS Vikrant.
  • It was decommissioned in 1997.
  • INS Vikrant aircraft carrier was bought from the UK, it was first named HMS Hercules and renamed after its sale to India.

#2. Consider the following statements with respect to Unlawful Activities (Prevention) Act (UAPA):

1. Under UAPA, both Indian and foreign nationals can be charged.

2. Organisations as well as individuals can be designated as terrorists under the act.

3. It empowers the officers of the NIA, of the rank of Inspector or above, to investigate cases of terrorism.

Which of the given statement/s is/are INCORRECT?

ANS: (D) None of the above

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#3. Consider the following statements:

1. Gaganyaan will be India’s first manned mission in space.

2. Gaganyaan will be launched by Polar Satellite Launch Vehicle (PSLV).

3. IN-SPACe will be established to increase private partnership in the space sector.

Which of the statements given above is/are correct?

ANS: (C) 1 and 3 only

Explanation
  • Gaganyaan is a mission by the Indian Space Research Organisation (ISRO).
  • Under the Gaganyaan schedule:
    • Three flights will be sent into orbit.
    • There will be two unmanned flights and one human spaceflight.
  • The human space flight programme will have three Indian astronauts, including a woman. Hence, statement 1 is correct.
  • GSLV Mk III, also called the LVM-3 (Launch Vehicle Mark-3,) the three-stage heavy lift launch vehicle, will be used to launch Gaganyaan as it has the necessary payload capability. Hence, statement 2 is not correct.
  • The mission will help in enhancement of science and technology levels in the country and help inspire youth.
    • Gaganyaan will involve numerous agencies, laboratories, disciplines, industries and departments.
    • Recently, the Government has announced a new organisation, IN-SPACe, part of reforms to increase private participation in the space sector. Hence, statement 3 is correct.

#4. Which of the following committees are related to reforms in Banking sectors?

1. Narasimham Committee

2. P J Nayak Committee

3. Abhijit Sen Committee

Select the correct answer using the code given below:

ANS: (A) 1 and 2 only

Explanation
  • The Union Budget 2021 has announced the privatisation of two public sector banks and one general insurance company in the upcoming fiscal 2021-22.
  • Many committees had proposed bringing down the government stake in public banks below 51%:
  • Narasimham Committee, 1998
    • The merger of major banks which will have a ‘multiplier effect’ on the industry.
    • Improve the strength of the Indian banking system the committee recommended to raise capital adequacy norms.
    • Review of functions of boards to adopt a professional corporate strategy to check the imbalance between government control over the banks in the form of management and ownership, and bank autonomy.
  • PJ Nayak Committee, 2014
    • Conversion of PSBs into Companies as per the Companies Act.
    • Formation of a Bank Investment Company (BIC) under the Companies Act and transfer of shares by the central government in PSBs to the BIC.
    • BIC should be given the controlling power of boards of PSBs.
    • Proportionate voting rights to all shareholders and reduction of government shareholding to 40%.
  • Abhijit Sen Committee (2002) is related to the Long Term Food Policy of India.
  • The Abhijit Sen committee (2007) was formed to study the impact, if any, on futures trading on agricultural commodity prices (not banking reforms).
  • Hence, option A is correct.
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