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- Who is ‘not’ one of the four full-time members of the newly reconstituted National Institution for Transforming India (NITI Aayog)?
1) V. K. Saraswat
2) Ramesh Chand
3) Vinod K. Paul
4) Arvind Virmani
5) Arvind PanagariyaAnswer-5) Arvind Panagariya
Explanation:
Prime Minister (PM) Narendra Modi approved the revised composition of the National Institution for Transforming India (NITI Aayog) with 4 full-time members and 15 Union ministers, including from the Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) allies, as either ex-officio members or special invitees.
The PM remains the Chairperson and Economist Suman K Bery will continue to be the Vice-chairperson of NITI Aayog.
Missile Scientist V. K. Saraswat; Agricultural Economist Ramesh Chand; Paediatrician Vinod K. Paul; and Macro Economist Dr. Arvind Virmani. - Which premier national laboratory celebrated its 73rd Foundation Day on 16th July 2024 in New Delhi, Delhi?
1) CSIR-Institute of Minerals and Materials Technology (IMMT)
2) CSIR- Indian Institute of Chemical Technology (IICT)
3) CSIR-National Aerospace Laboratories (NAL)
4) CSIR- Central Drug Research Institute(CDRI)
5) CSIR-Central Road Research Institute (CRRI)Answer-5) CSIR-Central Road Research Institute (CRRI)
Explanation:
New Delhi, Delhi-based Council of Scientific and Industrial Research (CSIR) – Central Road Research Institute (CRRI) celebrated its 73rd Foundation Day on 16th July 2024 at CSIR – CRRI Auditorium in New Delhi, Delhi.
CSIR-CRRI is a premier national laboratory engaged in carrying out research and development projects on the design, construction, and maintenance of roads and runways.
The Appointments Committee of the Cabinet (ACC) has approved the extension of tenure of N. Kalaiselvi as DG of CSIR and Secretary of DSIR, for a period of two years beyond 7th August 2024, or until further orders, whichever is earlier.
She was appointed to the post in August 2022 after the superannuation of Shekhar Mande in April 2022.
Dr Kalaiselvi is the 26th DG of CSIR and the first woman to lead the organisation in its 80-year existence.Click here to read more - The Global Education Monitoring Report (GEM) compiled by ____________highlights how climate change is disrupting education outcomes and increasing learning loss.
1) United Nations Office on Drugs and Crime (UNODC)
2) United Nations Educational, Scientific and Cultural Organization (UNESCO)
3) United Nations Conference on Trade and Development (UNCTAD)
4) United Nations Population Fund (UNFPA)
5) United Nations Environment Programme (UNEP)Answer-2) United Nations Educational, Scientific and Cultural Organization (UNESCO)
Explanation:
The Global Education Monitoring Report (GEM) 2024 titled ‘Education and Climate Change-Learning to Act For People And Planet‘ highlights how climate change is disrupting education outcomes and increasing learning loss.
The report was compiled by the United Nations Educational, Scientific and Cultural Organization (UNESCO), Monitoring and Evaluating Climate Communication and Education (MECCE) project and University of Saskatchewan in Canada.
This report aims to monitor progress towards education targets within the Sustainable Development Goals framework, with 15 reports produced since 2002. - In July 2024, the Reserve Bank of India (RBI) authorized banks to utilize the ratings from _________ for determining risk weights in capital adequacy purposes.
1) India Ratings and Research Private Limited
2) CRISIL Ratings Limited
3) Brickwork Ratings India Private Limited
4) Fitch Ratings
5) Acuite Ratings & Research LimitedAnswer- 3) Brickwork Ratings India Private Limited
Explanation:
The Reserve Bank of India (RBI) has authorized banks to utilize the ratings from Brickwork Ratings India Private Limited (BWR) for determining risk weights in capital adequacy purposes.
BWR provides credit ratings for various financial instruments including bank loans, Non-Convertible Debentures (NCDs), commercial paper, bonds, and securitized paper.
BWR can rate bank loans up to Rs. 250 crore. For existing ratings, BWR is allowed to conduct rating surveillance regardless of the loan amount until the loan’s residual tenure.
In April 2024, BWR has appointed Santosh B Nayar as the Chairman of the Board. - Which bank has recently (in July 2024) approved USD 240.5 million in loans to finance rooftop solar systems across India?
1) World Bank
2) Asian Development Bank
3) International Finance Corporation
4) Japan International Cooperation Agency
5) Asian Infrastructure Investment BankAnswer-2) Asian Development Bank
Explanation:
The Asian Development Bank (ADB) has approved USD 240.5 million in loans to finance rooftop solar systems across India, assisting the government to expand energy access using renewable energy. This financing is part of the Multitranche Financing Facility (MFF) Solar Rooftop Investment Program.
ADB’s financing will assist in tranches 2 and 3 of the MFF Solar Rooftop Investment Program, focusing on residential solar rooftop deployments.
The MFF Solar Rooftop Investment Program was approved by ADB in 2016 and restructured in 2023.
ADB’s financing will support the Prime Minister (PM) Surya Ghar program (PM Surya Ghar Muft Bijli Yojana), to promote the widespread adoption of rooftop solar systems across India.
State Bank of India (SBI) and the National Bank for Agriculture and Rural Development (NABARD) will distribute loans to developers and end-users nationwide to install rooftop solar systems. - According to the National Securities Depository Limited (NSDL) recent (July ‘24) data, which country secured the 4th spot on the preferred destinations for Foreign Portfolio Investors (FPIs) routing funds into India?
1) Sweden
2) Switzerland
3) United States of America
4) Norway
5) IrelandAnswer-5) Ireland
Explanation:
According to the National Securities Depository Limited (NSDL) data, Ireland with Assets Under Custody (AUC) of Rs 4.41 trillion registered on 30th June 2024, has replaced Mauritius to secure 4th spot on preferred destinations for Foreign Portfolio Investors (FPIs) routing funds into India.
While, Mauritius which registered an AUC of Rs 4.39 trillion by the end of June 2024, has now moved to the 5th position.
The data noted that Ireland has witnessed an increase of 26% in AUC for FPIs in the 1st half of the fiscal year 2024, whereas Mauritius saw an increase of 11%.
Top 3 Most Preferred FPI Countries: As per the data, the United States of America(USA) which registered AUC of Rs 3,068,188 crore emerged as the most preferred destination country for FPI, followed by Singapore (AUC of Rs 7.05 trillion) and Luxembourg ( AUC of Rs 5.57 trillion) ranked at 2nd and 3rd spot respectively. - According to the recently (July 2024) released Asian Development Bank’s (ADB’s ) ‘Asian Development Outlook (ADO)’, India’s projected Gross Domestic Product (GDP) at ____ for the Fiscal Year 2024-2025(FY 25).
1) 8%
2) 6.9%
3) 7%
4) 7.2%
5) 6.6%Answer-3) 7%
Explanation:
On July 17, 2024, the Asian Development Bank (ADB) released its ‘ Asian Development Outlook (ADO) – July 2024‘ maintaining the Gross Domestic Product (GDP) forecast for the Indian economy at 7% for the Fiscal Year 2024-2025(FY 25).
For FY26, ADB projects Indian economy growth at 7.2%.
Inflation is expected to decline to 4.6% in FY25 and 4.5% in FY26.
On the regional front of South Asia, the GDP growth in FY25 will be at 6.3% and for FY26 it is slightly declined to 6.5% from 6.6% projected in April 2024 ADO. - Who has been recently (in July 2024) elected as the President of Rwanda?
1) Paul Kagame
2) Gitanas Nauseda
3) Andrej Plenkovic
4) Matamela Cyril Ramaphosa
5) Bola Ahmed TinubuAnswer-1) Paul Kagame
Explanation:
Paul Kagame has been re-elected as the President of the Republic of Rwanda for the fourth five-year term from 2024 to 2029. He has been serving as the President of Rwanda since April 2000.
Kagame led the Rwandan Patriotic Front (RPF), political party and won the 2024 presidential election by securing 7,099,810 votes (99.15%) of the total 9,071,157 votes.
Frank Habineza of the Democratic Green Party finished 2nd with 38,301 votes (0.53%) and Phillipe Mpayimana finished 3rd with 22,753 votes (0.32%). - Name the company that recently (in July ‘24) launched the four new anti-drone products, namely Hawkeye, Barbarik, Sthir Stab 640, and Prahasta.
1) Garuda Aerospace Private Limited
2) Z-Motion Autonomous Systems Pvt Limited
3) AXISCADES Technologies Limited
4) Zen Technologies Limited
5) Ikran Aerospace and Technologies Private LimitedAnswer-4) Zen Technologies Limited
Explanation:
Zen Technologies Limited (ZEN), an anti-drone technology and Defence training solutions provider,along with its Pune (Maharashtra) – based subsidiary AI Turing Technologies has launched four new anti-drone products, aimed at enhancing defence forces’ operational effectiveness and tactical supremacy.
The four products are Hawkeye, Barbarik – Ultralight Remote Control Weapon Station (URCWS), Sthir Stab 640 and Artificial Intelligence (AI)-powered robot Prahasta.
Hawkeye is a state-of-the-art anti-drone system with numerous sensor detection modules.
Barbarik-URCWS is the world’s lightest remote-controlled weapon station which provides precise targeting in calibres ranging from 5.56mm to 7.62mm, useful for both ground vehicles and naval vessels.
Sthir Stab 640 is designed for armoured vehicles, Infantry Combat Vehicles (ICVs), and boats, featuring an intelligent fibre optic gyro-stabilised system which provides exceptional situational awareness together with automatic search and tracking capabilities.
Prahasta is an autonomous quadruped that uses the Light Detection and Ranging (LIDAR) and reinforcement learning to provide real-time 3D terrain mapping for unparalleled mission planning, navigation, and threat assessment. - When was the United Nations (UN)’s Nelson Mandela International Day annually observed across the globe?
1) March 15
2) June 26
3) May 23
4) July 18
5) April 26Answer-4) July 18
Explanation:
The United Nations (UN)’s Nelson Mandela International Day (also known as Mandela Day) is annually observed across the globe on 18 July to recognise Nelson Mandela’s values and his dedication to the service of humanity in conflict resolution, race relations, promotion and protection of human rights, reconciliation, gender equality, etc.
The day commemorates the birth anniversary of Nobel peace prize winner (1993) Nelson Rolihlahla Mandela, the former President of South Africa.
18th July 2024 marks the 106th birth anniversary of Nelson Mandela. He was born on 1th8 July 1918.
The 2024 theme of Nelson Mandela International Day is “It’s still in our hands to combat poverty and inequity”.Click here to read more
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