Daily Quiz | 19 March 2024

Explanation:

• • Background on IEPFA: Established in 2016 under provisions of section 125 of Companies Act, 2013, within the Ministry of Corporate Affairs.

• Objectives:

• • • Responsible for administering the Investor Education Protection Fund (IEPF).
    • Facilitates refunds of shares, unclaimed dividends, matured deposits/debentures, etc., to investors.
    • Engages in investor awareness promotion initiatives.

• About Investor Education Protection Fund (IEPF):

• • Founded in 2001 under Section 205C of the Companies Act, 1956.
  • Receives unpaid or unclaimed amounts such as dividends, application money, matured deposits, etc., after 7 years of dormancy.
  • Funds credited to IEPF are maintained under the Consolidated Fund of India (A-266).
  • Utilized for investor awareness promotion and safeguarding investor interests.
  • Facilitates court-ordered repayments in cases of fraudulent activities in the stock market, redistributing disgorged funds to compensate affected investors.

Explanation:

• The Model Code of Conduct (MCC) will come into immediate effect after the announcement of schedule for the upcoming Lok Sabha and state Assembly elections.
• Statement 1 is correct: The MCC is a collection of guidelines published to govern political parties and candidates ahead of elections.

Explanation:

• The Tripura government has announced plans to establish the state’s first Integrated Aqua Park in Unakoti district, with the goal of increasing fish output and job prospects in the sector.
• The central government approved funds for the first phase of the project under the Pradhan Mantri Matsya Sampada Yojana (PMMSY).
• According to the minister, 1.15 lakh metric tonnes of fish must be consumed yearly in Tripura, where 95% of the population is considered to be fish consumers.
•  Despite producing 80,000 metric tonnes of fish on its own, Tripura still needs to import 30,000 metric tonnes of fish from neighbouring Bangladesh and other Indian states.

Explanation:

•  The Sela Tunnel, which was “dedicated to the nation” by Prime Minister Narendra Modi is a key border infrastructure project as it connects Guwahati to the strategic Tawang sector round-the-year, thus aiding faster military movement to the Line of Actual Control (LAC).
• It is constructed by the Border Roads Organisation (BRO) at an altitude of around 13,000 feet and a cost of Rs 825 crore.
• The tunnel was aimed at providing all-weather connectivity to Tawang across Sela Pass on the Balipara-Chariduar-Tawang (BCT) Road, which connects Tezpur in Assam to Tawang in Arunachal Pradesh.
•  At present, two separate routes connect Tezpur and Tawang: Balipara-Chariduar-Tawang (BCT) and Orang-Kalaktang-Shergaon-Rupa-Tenga (OKSRT), which meet at Sela Pass and merge into one route to Tawang.

Explanation:

• Google DeepMind revealed its latest AI gaming agent called SIMA or Scalable Instructable Multiworld Agent, which can follow natural language instructions to perform tasks across video game environments.
• Statement 1 is correct: SIMA takes us a step closer to AI which can intelligently collaborate with humans not only in games but also in doing tasks in real-world environments. 
• SIMA can be called a generalist AI Agent that is capable of doing different kinds of tasks. It can accomplish tasks or solve challenges assigned to it.
• Statement 2 is incorrect: It is capable of learning and adapting. SIMA does this through the interactions it has with the user.
• Statement 3 is correct: It is capable of doing different kinds of tasks and understands and follows instructions in all sorts of virtual environments. 
• SIMA “understands” your commands as it has been trained to process human language. So when you ask it to build a castle or find the treasure chest, it understands exactly what these commands mean.