Current Affairs Quiz 26 March 2022

Central Bureau of Investigation (CBI)
• The CBI was set up in 1963 by a resolution of the Ministry of Home Affairs.
• Now, the CBI comes under the administrative control of the Department of Personnel and Training (DoPT) of the Ministry of Personnel, Public Grievances and Pensions.
• The establishment of the CBI was recommended by the Santhanam Committee on Prevention of Corruption (1962–1964).
• The CBI is not a statutory body. It derives its powers from the Delhi Special Police Establishment Act, 1946.
• The CBI is the main investigating agency of the Central Government.
• It also provides assistance to the Central Vigilance Commission and Lokpal.
• It is also the nodal police agency in India which coordinates investigations on behalf of Interpol Member countries.

Types of Consent:
There are two types of consent for a probe by the CBI.
General Consent: When a state gives a general consent (Section 6 of the Delhi Special Police Establishment Act) to the CBI for probing a case, the agency is not required to seek fresh permission every time it enters that state in connection with investigation or for every case.
• A general consent is given to facilitate that seamless investigation in a case of corruption or violence.

Specific Consent: When a general consent is withdrawn, CBI needs to seek case-wise consent for investigation from the concerned state government.
• If specific consent is not granted, the CBI officials will not have the power of police personnel when they enter that state.
• This hurdle impedes seamless investigation by the CBI.

Outcome Budget: Outcome Budget analyses the progress of each ministry and department and what the respected ministry has done with its Budget outlay. It measures the development outcomes of all government programs. It was first introduced in the year 2005.

Silver Line Project
• It is a 532-km semi-high speed rail corridor.
• It will connect 11 of the 14 districts of Kerala, situated at both ends. Alappuzha, Wayanad, and Idukki are not part of this.
• It aims to cut the travel time between the two ends of the state from 12 hours to less than four hours.
• It also plans to connect the corridor with the international airports at Kochi and Thiruvananthapuram.
• The project deadline is 2025.
• The project is executed by the Kerala Rail Development Corporation Limited (KRDCL), a joint venture between the Kerala government and the Union Ministry of Railways.

Both the statements are correct.

India’s Civil Aviation is among the fastest-growing aviation markets globally and will be a major growth engine to make India a USD 5 trillion economy by 2024.

FDI: 100% Foreign Direct Investment (FDI) allowed under Automatic route for Ground Handling Services and Maintenance Repair and Overhaul Services (MRO) and for both green and brownfield projects.

What is UDAN (Ude Desh Ka Aam Naagrik) Scheme?
• It is the world’s first Regional Connectivity Scheme to Connect un-served & Under-served airports at affordable prices contributing to boost regional tourism and economic growth of the country.
• With commencing of the desired operations, the Indian aviation sector will boom without accounting for the spillover traffic on commercial routes operating in the tier-1 and tier-2 cities.

China has declared all cryptocurrency transactions illegal, effectively imposing a complete ban.

Cryptocurrencies are way cheaper to use to execute international transactions because the transactions don’t have to be handled by a series of intermediaries before they reach their destinations.

Currently, there is no regulation or any ban on the use of cryptocurrencies in the country. The Reserve Bank of India’s (RBI) order banning banks from supporting crypto transactions, was reversed by the Supreme Court order of March 2020.

Cryptocurrencies make it possible to lend, sell, buy, or borrow without an identity, credit score, or even a bank.