{"id":1791,"date":"2024-02-26T11:55:10","date_gmt":"2024-02-26T11:55:10","guid":{"rendered":"https:\/\/lawentranceindia.com\/blogs\/?p=1791"},"modified":"2024-02-26T11:55:10","modified_gmt":"2024-02-26T11:55:10","slug":"mlc-daily-current-affairs-26-feb-2024","status":"publish","type":"post","link":"https:\/\/lawentranceindia.com\/blogs\/mlc-daily-current-affairs-26-feb-2024\/","title":{"rendered":"MLC Daily Current Affairs – 26 Feb 2024"},"content":{"rendered":"

Today in History (February 26th<\/sup>, 1993)<\/u><\/strong><\/h1>\n

In 1993, a truck bomb planted by Islamic militants exploded in the parking garage of the World Trade Center in New York City, killing six people and injuring over a thousand.<\/p>\n

Let\u2019s revise<\/span><\/strong><\/h3>\n

A) ‘Paruveta’ festival is associated with which state?<\/strong><\/p>\n

    \n
  1. Kerala<\/li>\n
  2. Andhra Pradesh<\/li>\n
  3. Assam<\/li>\n
  4. Tamil Nadu<\/li>\n<\/ol>\n

    Ans. (b)<\/p>\n

    B) What is FRP that is associated with sugarcane in India?<\/strong><\/p>\n

      \n
    1. Fixed Remunerative Price<\/li>\n
    2. Fair and Remunerative Price<\/li>\n
    3. Fair and Renewable Price<\/li>\n
    4. None of the above<\/li>\n<\/ol>\n

      Ans. (b)<\/p>\n

      C) FRP is recommended by which of the following?<\/strong><\/p>\n

        \n
      1. Commission for Agricultural Costs and Prices (CACP)<\/li>\n
      2. Cabinet Committee on Economic Affairs (CCEA)<\/li>\n
      3. Ministry of Finance<\/li>\n
      4. Ministry of Economic Affairs<\/li>\n<\/ol>\n

        Ans. (a)<\/p>\n

        D) Recently, which of the following country announced to establish its Embassy in India?<\/strong><\/p>\n

          \n
        1. Albania<\/li>\n
        2. Lituania<\/li>\n
        3. Greece<\/li>\n
        4. Italy<\/li>\n<\/ol>\n

          Ans. (a)<\/p>\n

          E) Albania is the country of which continent?<\/strong><\/p>\n

            \n
          1. Europe<\/li>\n
          2. Africa<\/li>\n
          3. South America<\/li>\n
          4. North America<\/li>\n<\/ol>\n

            Ans. (a)<\/p>\n

            F) Which of the following see is nearest to Albania?<\/strong><\/p>\n

              \n
            1. Adriatic Sea<\/li>\n
            2. North Sea<\/li>\n
            3. Yellow Sea<\/li>\n
            4. Tasman Sea<\/li>\n<\/ol>\n

              Ans. (a)<\/p>\n

              G) Find the correct statement among the following.<\/strong><\/p>\n

                \n
              1. MSP and FRP both are same<\/li>\n
              2. MSP and FRP both are to support the farmers<\/li>\n
              3. MSP is to benefit the market, only<\/li>\n
              4. FRP is to benefit the farmers, only<\/li>\n<\/ol>\n

                Ans. (b)<\/p>\n

                H) Balkan Peninsula located in which of the following continents?<\/strong><\/p>\n

                  \n
                1. Africa<\/li>\n
                2. Asia<\/li>\n
                3. Europe<\/li>\n
                4. North America<\/li>\n<\/ol>\n

                  Ans. (b)<\/p>\n

                  I) Who is known as iron man of India?<\/strong><\/p>\n

                    \n
                  1. Jawaharlal Nehru<\/li>\n
                  2. Sardar Vallabhbhai Patel<\/li>\n
                  3. Subhash Chandra Bose<\/li>\n
                  4. Bal Gangadhar Tilak<\/li>\n<\/ol>\n

                    Ans. (b)<\/p>\n

                    J) Who is called as Bismarck of India?<\/strong><\/p>\n

                      \n
                    1. Sardar Vallabhbhai Patel<\/li>\n
                    2. Bal Gangadhar Tilak<\/li>\n
                    3. Jawaharlal Nehru<\/li>\n
                    4. Subhash Chandra Bose<\/li>\n<\/ol>\n

                      Ans. (a)<\/p>\n

                      Summary of Today’s News<\/h2>\n

                      International Mother Language Day<\/span><\/strong><\/h3>\n
                        \n
                      • It is observed across the world\u00a0on February 21<\/li>\n
                      • It is to recognise and promote linguistic and cultural diversity and multilingualism.<\/li>\n
                      • According to the United Nations Educational, Scientific and Cultural Organization it was the initiative of Bangladesh<\/li>\n
                      • It was started in year 2000.<\/li>\n
                      • The theme for 2024 is “Multilingual education is a pillar of intergenerational learning”.<\/li>\n<\/ul>\n

                        Virtual Private Network<\/span><\/strong><\/h3>\n

                        Recently, a 21-year-old from Gujarat was arrested by the Mumbai police based on the allegations that he sent five threatening emails to industrialists after masking his IP address using a Virtual Private Network (VPN).<\/p>\n

                        Key Points<\/u><\/h4>\n
                          \n
                        • VPN means Virtual Private Network.<\/li>\n
                        • VPN establishes a\u00a0digital connection between your computer and a\u00a0remote server owned by a VPN provider.<\/li>\n
                        • It creates a point-to-point tunnel that\u00a0encrypts personal data\n
                            \n
                          • It masks your IP address,<\/li>\n
                          • It allows you to sidestep website blocks and firewalls on the internet.<\/li>\n<\/ul>\n<\/li>\n
                          • This ensures online experiences are private, protected, and more secure.<\/li>\n
                          • It is Virtual because no physical cables are involved in the connection process.<\/li>\n
                          • It is Private because through this connection, no one else can see your data or browsing activity.<\/li>\n
                          • It is Networked because multiple devices\u2014your computer and the VPN server\u2014work together to maintain an established link.<\/li>\n<\/ul>\n

                            Can the IMEC address the Red Sea crisis?<\/span><\/strong><\/h3>\n
                              \n
                            • The Red Sea crisis continue for four months<\/li>\n
                            • Harming the global supply chains<\/li>\n
                            • Which is leading to inflated freights, delayed vessel schedules, and product shortages?<\/li>\n
                            • It has once again made us worry about the vulnerabilities of global supply chains.<\/li>\n
                            • It is highlighting the need to have alternate routes for global trade.<\/li>\n<\/ul>\n

                              Importance of the Red Sea route<\/u><\/strong><\/h4>\n
                                \n
                              • The Red Sea owes its strategic importance for global trade to the Bab el-Mandab Strait which lies between Yemen and Djibouti.<\/li>\n
                              • It is one of the world\u2019s busiest cargo and oil transit points with almost 12% of international merchandise trade passing through it.<\/li>\n
                              • An immediate consequence of the Red Sea conflict has been that major container and oil carriers have been forced to re-route shipments via the Cape of Good Hope.<\/li>\n
                              • That is leading to\n
                                  \n
                                • Increased ocean freight,<\/li>\n
                                • inflated insurance costs,<\/li>\n
                                • longer voyage times leading to delays and<\/li>\n
                                • shortage of products.<\/li>\n<\/ul>\n<\/li>\n
                                • The higher shipping costs will be passed onto consumers in the form of increased commodity prices.<\/li>\n<\/ul>\n

                                  Effects on India<\/u><\/strong><\/h4>\n
                                    \n
                                  • India\u2019s trade with European and North African countries flows entirely through the Red Sea route which is almost 24% of its exports and 14% of its imports.<\/li>\n
                                  • In the year 2022-23, India\u2019s bilateral trade with Europe and North Africa stood at $189 billion and $15 billion respectively.<\/li>\n
                                  • The rising fears among traders have already seen a drop in Indian shipments.<\/li>\n
                                  • As per the Federation of Indian Export Organisations (FIEO), rising threats have prompted Indian exporters to hold back around 25% of their cargo ships transitioning through the Red Sea.<\/li>\n
                                  • Opportunity for China as it is actively projecting China-Europe freight trains, which are part of the Belt and Road Initiative (BRI), as an alternate route.<\/li>\n<\/ul>\n

                                    In conclusion<\/u><\/h4>\n
                                      \n
                                    • The Red Sea owes its strategic importance for global trade to the Bab el-Mandab Strait which lies between Yemen and Djibouti.<\/li>\n
                                    • India\u2019s trade with European and North African countries flows entirely through the Red Sea route which is almost 24% of its exports and 14% of its imports.<\/li>\n
                                    • The India-Middle East-Europe Economic Corridor (IMEC), which was announced during the G-20 summit in 2023, is estimated to cut the journey time from India to Europe by 40% and slash transit costs by 30%<\/li>\n<\/ul>\n