Answer & Explanation
Option: Three gallantry awards namely Param Vir Chakra, Maha Vir Chakra and Vir Chakra were instituted by the Government of India on 26th January, 1950.
Explanation:
President has approved awards of 455 Gallantry and other Defence decorations to Armed Forces personnel and others. Colonel B Santosh Babu, the Commanding Officer of 16 Bihar Regiment, who lost his life during the Galwan Valley clash last year, will be posthumously awarded with Maha Vir Chakra. These gallantry awards are announced twice in a year - first on the occasion of the Republic Day and then on the occasion of the Independence Day.
