Daily Current Affairs Quiz 18th March 2022

b) India

Stockholm International Peace Research Institute (SIPRI) released the Trends in International Arms Transfers, 2021 Report.
As per the report, India remains the largest importer of arms globally. Most of India’s defence imports come from Russia. India has been pushing for indigenous development in defence equipment, and allotted 68 per cent of the capital budget for 2022-23 for domestic manufacturing industries.

c) Urban self-help groups

Ministry of Housing and Urban Affair (MoHUA) launched ‘SonChiraiya’ – (A brand and logo) for marketing of urban Self-Help Group (SHG) products. It will increase visibility and global access for products made by urban SHG women.

a) 1, 2, 3

Initial public offering (IPO) is the process by which a private company can go public by sale of its stocks to general public. It is being promoted by SEBI.

Currency futures are a transferable futures contract that specifies the price at which a currency can be bought or sold at a future date. Currency future contracts allow investors to hedge against foreign exchange risk. Thus, it is being promoted by SEBI.

Start-up companies with a potential to grow need a certain amount of investment. Wealthy investors like to invest their capital in such businesses with a long-term growth perspective. This capital is known as venture capital and the investors are called venture capitalists. Thus, it is being promoted by SEBI.

Insider trading is defined as a malpractice wherein trade of a company’s securities is undertaken by people who by virtue of their work have access to the otherwise non- public information which can be crucial for making investment decisions. Thus, it is highly discouraged by the Securities and Exchange Board of India to promote fair trading in the market for the benefit of the common investor.

b) March 17th

Kalpana Chawla was born on March 17, 1962 a Punjabi Hindu family in Karnal, Haryana. She was the Indian-origin woman and second Indian to fly in space. She died along with her six other crew members in the Columbia Space Shuttle disaster in 2003. Her first space flight was aboard Columbia Space Shuttle in 1997 as a mission specialist and primary robotic arm operator.

b) RBI

The Reserve Bank of India has released the RBI (Regulatory Framework for Microfinance Loans) Directions, 2022, which will be effective from April 1, 2022.
Under the directions, RBI asked regulated entities (REs) lending to the microfinance segment to ensure that loans are collateral-free and not linked with a lien on the borrower’s deposit account. REs will also ensure repayment obligations are capped, interest rates are not usurious, and there is no pre-payment penalty.