Daily Current Affairs Quiz 11 May 2022

b) Justice delivery

Under the FASTER system, courts can send e-authenticated copies of bail orders, stay orders, interim orders and proceedings through secured electronic communication to duty officers at prisons. Supreme Court of India has approved an electronic system named FASTER (Fast and Secured Transmission of Electronic Records).

b) United Kingdom

A person in the United Kingdom (UK) has been diagnosed with the rare viral infection Monkeypox. The patient recently came back from Nigeria and has been receiving treatment at the hospital.
Monkeypox occurs predominately in central and west Africa. Most of its infections last till two to four weeks and result in swelling of the lymph nodes as well as causes rashes on the body.

b) 2 only

Atal Pension Yojana (APY):

The Atal Pension Yojana (APY) was launched to create a universal social security system for all Indians, especially the poor, the under-privileged and the workers in the unorganised sector.
It is an initiative of the Government to provide financial security and cover future exigencies for the people in the unorganized sector. Hence, statement 1 is not correct.
It is administered by the Pension Fund Regulatory and Development Authority (PFRDA) through the National Pension System (NPS). Hence, statement 2 is correct.
This scheme is open to all bank account holders in the age group of 18 to 40 years and the contributions differ, based on the pension amount chosen. Hence, statement 3 is not correct.
Subscribers would receive the guaranteed minimum monthly pension of Rs. 1000 or Rs. 2000 or Rs. 3000 or Rs. 4000 or Rs. 5000 at the age of 60 years, based on the contributions made by the subscriber after joining the scheme.
The minimum pension would be guaranteed by the Government, i.e., if the accumulated corpus based on contributions earns a lower than estimated return on investment and is inadequate to provide the minimum guaranteed pension, the Central Government would fund such inadequacy.
Alternatively, if the returns on investment are higher, the subscribers would get enhanced pensionary benefits.
Subscribers can make contributions to APY on a monthly/ quarterly/half-yearly basis.

a) 1 only

The valuation loss, reflecting the appreciation of the US dollar against major currencies, and decline in gold prices have also played a part in the decline in foreign exchange reserves.

If the rupee slides further, the RBI will be forced to intervene in the forex market by selling dollars from its forex kitty, putting pressure on the total forex reserves.

If the RBI gives preference to sustain the forex reserves level, there could be some rupee depreciation in the horizon.

c) GISAT 2

As part of its modernisation and network-centric warfare and communications programme, the Indian Navy is looking to acquire a dedicated earth imaging satellite — Geo Imaging Satellite-2(GISAT 2) or EOS-05 in this fiscal year. The launching vehicle will be Geosynchronous Satellite Launch Vehicle (GSLV)-F12.
i. The GISAT 2 is the second satellite in this series and it will be designed to provide near real-time images of large areas of region of interest at frequent intervals, which will help the navy not only in surveillance but also operations planning.
ii. Geo Imaging Satellite or GISAT is an Indian imaging satellite class for geostationary orbit with a high temporal resolution, meant for providing near real time imaging with fast revisit capability and real time monitoring.Two satellites will provide resolution in the range of 42 to 318 m.