Daily Current Affairs Quiz: 15th March 2024

Graphics Processing Unit,International Day of Mathematics, ‘Vocal for Local’ Initiative, Sukanya Samriddhi Yojana (SSY), Promissory Note

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Q.4. Consider the following statements about Graphics Processing Unit
1.Similar to a central processing unit (CPU), a GPU is a chip component found in computing devices.
2.GPUs operate through parallel processing, a technique in which numerous processors manage distinct segments of a given task simultaneously.
Choose the incorrect statement:

a) 1 only

b) 2 only

c) Both 1 and 2

d) Neither 1 nor 2

Ans. d

Why in News: As the global adoption of the newest wave of AI technologies accelerates, an unexpected high-demand item has emerged: the graphics processing unit, commonly known as GPU.

 

Understanding the GPU:

• Graphics Rendering:It functions as a computer chip that rapidly performs complex mathematical calculations to render graphics and images.
• Versatile Usage:GPUs find applications in both professional and personal computing. Initially, they were primarily responsible for rendering 2D and 3D images, animations, and videos.
• Chip Component Similarity: Similar to a central processing unit (CPU), a GPU is an essential chip component in computing devices.
• Specialized Functionality: However, a notable distinction lies in its specialized design for handling and accelerating graphics workloads, facilitating the display of graphics content on devices like PCs or smartphones.
• Parallel Processing: GPUs employ parallel processing, where multiple processors simultaneously manage distinct segments of a single task.
• Dedicated RAM:Additionally, a GPU is equipped with its own RAM to store the data it processes, specifically tailored to accommodate the substantial volume of information required for intensive graphics tasks.
• Graphics Pipeline:In graphics applications, the CPU dispatches instructions to the GPU for rendering graphics content on the screen. The GPU executes these instructions in parallel and at high speeds, resulting in the display of content on the device, a process known as the graphics or rendering pipeline.

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Q.1. What is the significance behind commemorating March 14 as the International Day of Mathematics?

a)It marks the birth anniversary of Srinivasa Ramanujan.

b)It observes the formation of the International Mathematical Union (IMU).

c)It acknowledges the mathematical constant, Pi.

d)It honors the creation of the concept of zero.

Ans. c

Why in News: Every year on March 14th, the International Day of Mathematics (IDM) is observed.

 

About International Day of Mathematics:

• International Day of Mathematics, also known as Pi Day, is annually observed on March 14.
• It serves to acknowledge the mathematical constant, Pi, and its significance.
• Enthusiasts and educators worldwide celebrate this day to highlight the importance of mathematics in various aspects of life.

Why March 14?

• The date, March 14, corresponds to the first three digits of Pi, which is approximately 3.14.
• When written in the month/day format (3/14), it aligns with the numerical value of Pi.

History:

• The inaugural Pi Day was celebrated in 1988 by physicist Larry Shaw at the San Francisco Exploratorium.
• In 2009, the United States House of Representatives officially recognized March 14 as Pi Day.
• UNESCO formally designated Pi Day as the 'International Day of Mathematics' during its general conference in 2019.
• Notably, mathematician and physicist Albert Einstein, renowned for his "General Theory Of Relativity," was born on Pi Day in 1879.

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Q.3. Consider the following statements with reference to the ‘Vocal for Local’ Initiative:

1. It is a project led by NITI Aayog as part of its Aspirational Blocks Programme.
2. Within this endeavor, products indigenous to 500 aspirational blocks have been identified and unified under the Aakanksha brand.

Which of the statements given above is/are correct?

a) 1 only

b)2 only

c)Both 1 and 2

d)Neither 1 nor 2

Ans. c

Why in News: NITI Aayog has recently introduced the 'Vocal for Local' campaign within its Aspirational Blocks Programme.

 

Overview of the 'Vocal for Local' Initiative:

• Encouraging Self-Reliance:NITI Aayog has initiated the 'Vocal for Local' campaign under its Aspirational Blocks Programme to instill a sense of self-reliance among citizens and drive them towards sustainable development and prosperity.
• Mapping Local Products: As part of this endeavor, products from 500 aspirational blocks have been identified and consolidated under the brand name Aakanksha.
• Aakanksha Brand Formation:Aakanksha serves as an overarching brand, with the potential for further segmentation into sub-brands aimed at tapping into international markets.
• Promoting Market Access:To promote these local products, a dedicated section named Aakanksha has been established on the Government e-Marketplace (GeM) portal, facilitating their visibility and accessibility.
• Support Mechanisms:Partnerships have been formed to provide comprehensive support, including technical and operational assistance, for tasks such as e-commerce integration, establishing connections, enhancing financial and digital literacy, managing documentation and certification, and skill enhancement initiatives.

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Q.4. With reference to Sukanya Samriddhi Yojana (SSY), consider the following statements:

1. This scheme is designed for young girls, focuses on small deposits.
2. Individuals residing outside the country are not qualified to initiate these accounts.
3. Families can open SSY scheme accounts without any specified upper limit.

How many of the above statements are correct?

a) Only one

b) Only Two

c) All Three

d) None

Ans. b

Why in News: he government has recently raised the interest rates for the Sukanya Samriddhi Yojana (SSY) scheme by 20 basis points, elevating it to 8.2 percent from the existing 8 percent.

Statement 3 is incorrect: The girl must be under the age of 10 when the account is opened.

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Q.5. With reference to Promissory Note, consider the following:

1. It represents a commitment in writing to reimburse a specific amount of money in return for a loan or alternative financial support.
2. It is permissible only when backed by collateral.
3. Promissory Notes issued within a particular Indian State cannot be submitted in a different State.

How many of the above statements are correct?

a) Only one

b) Only Two

c) All Three

d) None

Ans. a

Why in News: The Karnataka High Court has determined that a clause in a promissory note, allowing the payee to pursue legal action against the property of the note issuer in the event of non-repayment, constitutes an additional stipulation that does not contravene Section 4 of the Negotiable Instruments Act.

• Statement 2 is incorrect: Unsecured notes do not necessitate collateral and are issued on the basis of trust. Unsecured notes are prevalent within social circles such as friends and family.
• Statement 3 is incorrect: Promissory Notes originating from one Indian State hold validity in another State, provided the note is appropriately stamped, and no additional stamp duty is required.

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