Ashok chakra is peace time equivalent of the Param Vir Chakra.

Q.  What is the peace time equivalent of the Param Vir Chakra?
- Published on 27 Jan 16

a. Maha Vir Chakra
b. Ashok chakra
c. Kirti Chakra
d. Shaurya Chakra

ANSWER: Ashok chakra
 
The Ashok Chakra is awarded for valor, courageous action or self-sacrifice away from the battlefield. It is the peace time equivalent of the Param Vir Chakra, and is awarded for the "most conspicuous bravery or some daring or pre-eminent valour or self-sacrifice" other than in the face of the enemy. Established as the "Ashoka Chakra, Class I" by the President of India, 4 January 1952 (with effect from 15 August 1947), the statutes were revised and the decoration was renamed on 27 January 1967. Flt Lt Suhas Biswas was the first Indian Air Force officer to be awarded the Ashoka Chakra. Subsequent awards of the Ashoka Chakra are recognized by a bar to the medal ribbon. A recipient can be awarded the Kirti Chakra or Shaurya Chakra in addition for separate acts of gallantry.

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