Current Affairs Weekly Quiz (Oct 1-8, 2024)
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Questions and Answers

Which of the following was a major focus of the Climate and Health Solutions India Conclave?

  • Strategies for health sector improvement (correct)
  • Food security in urban areas
  • Water management practices in agriculture
  • Regulatory compliance in food production

What was the theme of the International Water Week (IWW) 2024?

  • Partnerships and Cooperation for Inclusive Water Development (correct)
  • Sustainable Water Practices
  • Climate Change and Water Management
  • Innovations in Water Recycling

Which two individuals were honored at the event for their efforts in water conservation?

  • Policymakers from Brazil and India
  • Experts from the health sector
  • Jagat Prakash Nadda and a representative from ADB
  • Ujiaro Bai and Lakemen Nongkhlaw (correct)

What did the FSSAI sign an MoU with Brazil concerning?

<p>Food safety practices (A)</p> Signup and view all the answers

Who inaugurated the 2nd edition of the Global Food Regulators Summit?

<p>Union Minister Jagat Prakash Nadda (D)</p> Signup and view all the answers

What rank did India achieve in the Asia Power Index 2024?

<p>3rd (B)</p> Signup and view all the answers

Which country topped the Asia Power Index 2024?

<p>United States (A)</p> Signup and view all the answers

What score did India receive in the Asia Power Index 2024?

<p>39.1 (B)</p> Signup and view all the answers

Which organization is India elected to as a member?

<p>GlobE Network (C)</p> Signup and view all the answers

Which country ranked last in the Asia Power Index 2024?

<p>Papua New Guinea (A)</p> Signup and view all the answers

What is the amount of rollover granted by India to the Maldives?

<p>USD 50 million (D)</p> Signup and view all the answers

What condition must borrowers meet by December 31, 2024, regarding the settlement amount?

<p>Pay at least 10% of the settlement amount (B)</p> Signup and view all the answers

Until what date will the relaxed loan terms for Non-Performing Assets (NPAs) continue?

<p>August 31, 2024 (B)</p> Signup and view all the answers

What did the Securities and Exchange Board of India (SEBI) allow Mutual Funds (MFs) to do?

<p>Sell Credit Default Swaps (CDSs) (B)</p> Signup and view all the answers

What is the total value of the loan secured by MMRDA from PFC?

<p>Rs 31,673.79 crore (A)</p> Signup and view all the answers

Which sector does the Power Finance Corporation (PFC) operate under?

<p>Ministry of Power (A)</p> Signup and view all the answers

How many key infrastructure projects is the MMRDA planning to fast track with its loan?

<p>9 (C)</p> Signup and view all the answers

What type of financial instrument is the USD 50 million extended to the Maldives?

<p>Treasury Bills (T-bills) (A)</p> Signup and view all the answers

What is the primary goal of the Cruise Bharat Mission?

<p>To enhance India's cruise tourism sector (A)</p> Signup and view all the answers

Which facility was inaugurated to protect India's power sector against cyber threats?

<p>Computer Security Incident Response Team – POWER (C)</p> Signup and view all the answers

What significant change was made in the second edition of the military exercise previously known as 'Exercise KAZIND'?

<p>Inclusion of Air Force personnel (D)</p> Signup and view all the answers

What is the target increase for cruise passenger traffic by the year 2047 as part of CBM?

<p>From 4.6 lakh to 50 lakh (D)</p> Signup and view all the answers

During which event was the 8th India Water Week conducted?

<p>India Water Week (B)</p> Signup and view all the answers

What is the target for the volume of cruise calls by the year 2047 according to the CBM?

<p>From 254 to 1,100 (D)</p> Signup and view all the answers

Who inaugurated the CSIRT–POWER facility?

<p>Union Minister Manohar Lal Khattar (D)</p> Signup and view all the answers

Where was the Cruise Bharat Mission launched?

<p>Mumbai (B)</p> Signup and view all the answers

Which organization collaborated with the Indian Space Research Organisation to develop WhAP?

<p>Defence Research and Development Organisation (C)</p> Signup and view all the answers

What diameter is the buried impact crater where India's Chandrayaan-3 Vikram Lander landed?

<p>160 kilometres (B)</p> Signup and view all the answers

How many Technology Transfer Agreements were signed with Non-Governmental Entities?

<p>5 (B)</p> Signup and view all the answers

What type of vehicle is Tata Motors building for Morocco?

<p>WhAP Armoured Vehicles (D)</p> Signup and view all the answers

Where did China launch the Jilin-1 Kuanfu 02B satellites from?

<p>Taiyuan Satellite Launch Center (B)</p> Signup and view all the answers

What is the primary purpose of DFC's investment in India?

<p>To boost economic growth and sustainability (B)</p> Signup and view all the answers

When will the mandatory upfront collection of option premiums from buyers come into effect?

<p>1st February 2025 (B)</p> Signup and view all the answers

What amount has DFC allocated as a loan to APAC Financial Services Private Limited?

<p>USD 40 million (D)</p> Signup and view all the answers

Which public sector undertaking signed an agreement with Canada's Reliasat?

<p>Bharat Electronics Limited (B)</p> Signup and view all the answers

What trend was observed in the average emoluments per person when comparing FY23 to FY22?

<p>Increased by 6.3% (D)</p> Signup and view all the answers

How many total employees were recorded in FY23?

<p>1,84,94,962 (D)</p> Signup and view all the answers

What was the total employment figure in FY22?

<p>1,72,15,350 (C)</p> Signup and view all the answers

Which of the following measures is NOT part of DFC's investment strategy?

<p>Enhancing luxury goods production (C)</p> Signup and view all the answers

Flashcards

Global Food Regulators Summit (GFRS 2024)

A 2-day summit held in New Delhi, India, focusing on food safety and regulations.

Climate & Health Solutions India Conclave

A conclave organized by MoHFW and ADB, discussing the impact of climate change on public health in India.

FSSAI MoU with Brazil

The Food Safety and Standards Authority of India (FSSAI) signed a memorandum of understanding (MoU) with Brazil's Ministry of Agriculture and Livestock to collaborate on food safety.

India-Bhutan Food Safety Cooperation

India and Bhutan deepened their cooperation on food safety and regulatory standards.

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IWW 2024 Theme

The theme for the 2024 International Water Week (IWW) was partnerships and cooperation for inclusive water development and management.

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CSIRT–POWER facility

A computer security incident response team focused on protecting India's power sector.

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Cruise Bharat Mission (CBM)

A mission to boost cruise tourism in India, aiming to increase passenger numbers.

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India Water Week (IWW)

An event organized by the Ministry of Jal Shakti to promote water-related initiatives.

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KAZIND exercise

A bi-service exercise involving Air Force personnel, protecting India's power sector.

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MoP

Ministry of Power.

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MoPSW

Ministry of Ports, Shipping, and Waterways.

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Cruise passenger target (2047)

Aiming to reach 50 lakh cruise passengers by 2047.

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Cruise call target (2047)

Aiming for 1,100 cruise calls by 2047.

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Asia Power Index 2024

A ranking of countries in Asia based on their power and influence in the region, released by the Lowy Institute in Sydney, Australia.

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India's Ranking in Asia Power Index 2024

India ranked 3rd in the Asia Power Index 2024 with a score of 38.3, surpassing Japan due to its strong economic growth after the COVID-19 pandemic.

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GlobE Network

A global network of anti-corruption law enforcement authorities, focused on international cooperation and collaboration in combating corruption.

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India's Role in GlobE Network

India was elected to the 15-member Steering Committee of the Global Operational Network of Anti-Corruption Law Enforcement Authorities (GlobE Network) at the 5th plenary meeting in Beijing, China.

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National Career Service (NCS) Portal

An online platform in India developed to connect job seekers with potential employers, facilitating employment opportunities across various sectors.

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DFC Investment in India

The US International Development Finance Corporation (DFC) has committed over USD 272 million to support India's economic growth and sustainability.

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DFC Loan to APAC Financial Services

A USD 40 million loan was provided by DFC to APAC Financial Services Private Limited in Mumbai, aiming to expand lending to low-income and microenterprises.

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SEBI's Option Premium Mandate

SEBI has mandated the collection of options premium upfront from option buyers by Trading Members (TM) or Clearing Members (CM), effective from February 1st, 2025.

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BEL's Space Sector Entry

Bharat Electronics Limited (BEL) signed a teaming agreement with Reliasat Inc. of Canada to collaborate in the area of space products.

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Employment Growth in FY23

Total employment grew from 1,72,15,350 in FY22 to 1,84,94,962 in FY23, representing an increase of 6.3% in average emoluments per person.

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What is BEL?

Bharat Electronics Limited (BEL) is a Navratna Public Sector Undertaking (PSU) under the Ministry of Defence.

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What is the WhAP?

The WhAP is an armored vehicle designed and developed in India for military purposes. It is built in collaboration with the Defence Research and Development Organisation (DRDO) and Tata Motors.

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Who is building WhAP vehicles?

Tata Motors, a prominent Indian automotive company, is responsible for building the WhAP armored vehicles.

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Where is the Chandrayaan-3 lander?

The Chandrayaan-3 lander, part of India's lunar mission, has landed within a buried impact crater on the Moon. This crater is estimated to be approximately 160 kilometers in diameter and 4.4 kilometers deep.

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What makes the crater special?

The buried impact crater where Chandrayaan-3 landed is believed to be one of the oldest on the Moon. It is older than the South Pole-Aitken basin, which is considered the largest impact basin within the Solar System.

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What is IN-SPACe?

IN-SPACe stands for the Indian National Space Promotion and Authorization Centre. It's a government organization that encourages and facilitates private sector involvement in the Indian space sector.

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What is a Credit Default Swap (CDS)?

A financial instrument allowing the buyer to transfer the risk of a borrower defaulting on their loan to the seller. It acts like an insurance policy against loan defaults.

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How does SEBI's new CDS rule aim to boost corporate bond liquidity?

By allowing Mutual Funds to sell CDSs, SEBI aims to encourage more investors to participate in the corporate bond market, leading to increased trading and overall liquidity.

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What are Non-Performing Assets (NPAs)?

Loans that are not performing as expected, meaning borrowers have not made their scheduled payments. These loans are considered a risk for banks.

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How does the scheme for NPA borrowers work?

Borrowers with outstanding principal between Rs 10 lakh and Rs 10 crore, classified as NPAs as of March 31, 2021, can get relief by paying 10% of the settlement amount by December 2024, with the balance due within 90 days of the Letter of Approval (LOA).

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What is MMRDA?

The Mumbai Metropolitan Region Development Authority, responsible for developing infrastructure within the Mumbai metropolitan region. This includes important projects like roads, transportation, and public services.

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What is the Power Finance Corporation (PFC)?

PFC is a public sector financial institution under the Ministry of Power, providing financial assistance to various power projects across India.

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What are some of the infrastructure projects MMRDA is developing with PFC's help?

MMRDA is using the Rs 31,673.79 crore loan from PFC to fast track 9 crucial infrastructure projects in the Mumbai metropolitan region.

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What is the significance of the USD 50 million T-bills issued by the Maldives?

These T-bills are a form of short-term debt instrument issued by the Maldives government, with India's State Bank of India (SBI) providing funding. It signifies a strong bilateral relationship and economic cooperation between the two nations.

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Study Notes

Current Affairs Weekly Content 2024 (October 1-8)

  • National Affairs:

    • The 4th Global RE-INVEST Renewable Energy Investors Meet & Expo was held in Gujarat from September 16-18, 2024.
    • REC Limited signed MoUs with renewable energy developers for projects worth ₹1.12 lakh crore.
    • Gujarat won several awards for its renewable energy achievements, ranking among top 3 in capacity (solar, wind).
    • The 4th Global RE-INVEST attracted ₹32.45 lakh crore in investment commitments by 2030.
    • The Union Ministry of Health and Family Welfare released National Health Accounts Estimates for India 2020-21 and 2021-22, showing a decrease in out-of-pocket expenditure.
    • The Secretary of DoA&FW, Dr. Devesh Chaturvedi, chaired a review meeting of UN WFP-CPAC
    • Prime Minister Modi laid foundation and dedicated projects worth ₹11,200 crore in Maharashtra, including the Pune Metro section and Solapur Airport.

  • International Affairs:

    • India ranked 3rd in the Asia Power Index 2024.
    • The United States ranked first in the Asia Power Index 2024.
    • India was elected to the GlobE Steering Committee.
    • India celebrated 10 years of 'Make in India'.
    • Make in India has boosted domestic manufacturing, fostered innovation, improved skill development, and facilitated foreign investment.
    • India's FDI inflows increased exponentially from USD 304 billion (2004-14) to USD 667.4 billion (2014-24).
    • 3rd World Food India (WFI 2024) was held 19th to 22nd of September 2024.
    • National Conference on PESA Act 1996 (PESA) was inaugurated in New Delhi.

  • Other Events:

    • Ms. Droupadi Murmu, President of India, inaugurated the 8th edition of India Water Week 2024.
    • Union Cabinet approved the establishment of a National Centre of Excellence for Animation, Visual Effects, Gaming, Comics, and Extended Reality (AVGC-XR) in Mumbai.
    • The PM Modi launched IFSC Single Window IT (SWIT) platform in Ahmedabad.

  • Important Dates:

    • September 16-18, 2024: RE-INVEST 2024 Renewable Energy Investors Meet & Expo in Gandhinagar, Gujarat.
    • September 19-22, 2024: 3rd World Food India in New Delhi.
    • September 21-23, 2024: PM Modi's visit to the USA, including the Quad Summit.

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Current Affairs Weekly PDF – October 2024 – 1st Week (1-8) PDF

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Test your knowledge on the latest national and international affairs from the week of October 1-8, 2024. This quiz includes significant events such as the Global RE-INVEST Renewable Energy Meet in Gujarat and important announcements from the Indian government. Stay updated and challenge yourself with these current events!

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