Daily Current Affairs Quiz : March 1, 2022

Notes:
National Science Day is celebrated on February 28 in India to recognise the contributions of scientists towards the development of the country
In 1928, Indian Physicist CV Raman made an important discovery in the field of spectroscopy which was named the Raman Effect. The theme of National Science Day 2022 is ‘Integrated Approach in Science and Technology for Sustainable Future’.

Notes:
The SWIFT system stands for the Society for Worldwide Interbank Financial Telecommunication. It is the world’s leading provider of secure financial messaging services.
Recently, the US and European Union (EU) have decided to cut off a number of Russian banks from the SWIFT platform. The assets of Russia’s central bank are also expected to be frozen, to restrict Russia’s ability to access its overseas reserves.

Notes:
Millennium Challenge Corporation (MCC) created by the United States in 2004, offers large grants to support economic growth.
Recently, Nepal’s Parliament has approved a USD 500m US grant, in spite of several street protests and opposition in the country. Nepal signed the US government’s MCC pact in 2017 to fund infrastructure projects. But its ratification was not made due to divisions within political parties.

Notes:
Road Transport and Highways Ministry notified ‘Compensation to Victims of Hit and Run Motor Accidents Scheme’. It shall come into force from April 1, 2022.
As per the scheme, the compensation to the kin of hit-and-run victims will be increased to Rs 2 lakh in case of death from April 1 (from 25000). The compensation to a person sustaining grievous injuries in a hit-and-run case will increase to Rs 50,000 from Rs 12,500.

Notes:
The International Atomic Energy Agency (IAEA) is an international organization, which seeks to promote peaceful use of nuclear energy, and to inhibit its use for nuclear weapons. It is headquartered at Vienna.
The IAEA’s 35-nation Board of Governors has called for an emergency meeting about Ukraine. Board members Canada and Poland called the meeting at the request of Ukraine, which is not on the Board.