Daily Current Affairs (MCQ) | Date 28.02.22

Q1. When does India celebrate its National Science Day?

a. 28 February
b. 1 March
c. 26 December
d. 5 June

Answer : a

Why is the Question ?

Q2. Which of the following is the purpose of the SWIFT system recently seen in News with respect to economic sanctions on Russia?

a. Elimination of money laundering
b. Global Interbank communication
c. Plastic regulation in naval ships
d. Bitcoin regulation

Answer : b

Why is the Question ?

West attacks Russian baking through the SWIFT system: What is SWIFT?
The SWIFT system stands for the Society for Worldwide Interbank Financial Telecommunication and is a secure platform for financial institutions to exchange information about global monetary transactions such as money transfers.
While SWIFT does not actually move money, it operates as a middleman to verify information of transactions by providing secure financial messaging services to more than 11,000 banks in over 200 countries. Based in Belgium, it is overseen by the central banks from eleven industrial countries: Canada, France, Germany, Italy, Japan, the Netherlands, Sweden, Switzerland, the United Kingdom, and the United States, besides Belgium.
What does the move aim to achieve?
Excluding Russian banks from the SWIFT platform is expected to hit the country’s economy hard — and in the words of the White House, it will make the country rely on “the telephone or a fax machine” to make payments.

Q3. Consider the following statements

1. It is multi country naval exercise
2. The theme of the MILAN 2022 exercise is ‘Camaraderie Cohesion Collaboration’

Which of the above is/are correct?

a. 1 only
b. 2 only
c. Both 1 and 2
d. Neither 1 nor 2

Answer : c

Why is the Question ?

The synergy between Navies key to mitigate challenges: the Chief of the Naval Staff, Indian Navy

1. Increased cooperation, shared vision and collaboration between like-minded Navies will play a key role in maritime security and protecting the interests and sovereignty of the nations.
2. This was the opinion of the panel members that included chiefs of different Navies at the seminar with the theme ‘Changing character and conflict at sea’ organised as part of MILAN-2022, at the Eastern Naval Command in Visakhapatnam.
3. Delivering the keynote address the Chief of the Naval Staff, Indian Navy, Admiral R. Hari Kumar, pointed out that the need of the hour was constructive engagement, collective maritime cooperation and collaboration between Navies to ward off threats at sea and minimise conflicts.
4. The Indian Ocean Region is an important maritime region. The vast expanse of water opens up multiple opportunities and challenges. We need the synergy of capabilities of friendly Navies to mitigate all challenges, he said.
5. Indian Navy is working towards harnessing competencies for an inclusive ecosystem, developing interoperability and trust and addressing persistent problems together. This is our vision and we share it with all Navies that are participating in MILAN-22 (naval exercise), he said.
6. The theme of the MILAN 2022 exercise is ‘Camaraderie Cohesion Collaboration’ which aims to project India as a responsible maritime power to the world at large.
Milan began in 1995 and is held biennially and brings together Navies of all the countries in the region. It has so far been held at Port Blair in Andaman and Nicobar but is now being shifted to Visakhapatnam which offers more infrastructure as well as sea space for the exercise. The MILAN exercise started in 1995 with the participation of just four other nations -- Indonesia, Singapore, Sri Lanka and Thailand. Today it is one of the largest naval exercises in the world.

Q4. Indian Neutrino Observatory (INO) is being planned by India in the state of

a. Kerala
b. Tamil Nadu
c. Karnataka
d. Gujarat

Answer : b

Why is the Question ?