Current Affairs Quiz:3 August 2024

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1. With which country did India recently (in July ‘24) sign the Technology Security Initiative (TSI) to boost economic growth and strengthen the collaboration between the two countries?
   1) United Kingdom
   2) France
   3) Brazil
   4) United States of America
   5) Sweden
   
   Answer & Explanation

   Answer- 1) United Kingdom
   Explanation:
   David Lammy MP, Secretary of State for Foreign, Commonwealth and Development Affairs, the United Kingdom (UK) paid an official visit to India from 24th to  25th July 2024 at the invitation of Union Minister Dr. S. Jaishankar, Ministry of External Affairs (MEA), Government of India (GoI).India and the UK launched a new Technology Security Initiative (TSI) which aims to boost economic growth and strengthen the collaboration between two countries. The initiative was spearheaded and agreed by the National Security Advisors (NSAs) of India and the UK.
    The TSI will be based on the ambitious cooperation agenda set out in India-UK Roadmap 2030.
    The TSI will help to expand collaboration between two countries in Critical and Emerging Technologies (CET) across priority sectors such as: telecom, critical minerals, semiconductors, Artificial Intelligence (AI), quantum, biotech and advanced materials.
    Apart from the launch of TSI, a Fact Sheet was also launched which focus mainly on specific technologies and areas of cooperation.
   
   
   
2. In July 2024, the Ministry of Ayush and the World Health Organisation (WHO) signed a _____ donor agreement to support the operations of the WHO Global Traditional Medicine Centre (GTMC) at Jamnagar, Gujarat.
   1) USD 200 million
   2) USD 50 million
   3) USD 170 million
   4) USD 85 million
   5) USD 125 million
   
   Answer & Explanation

   Answer- 4) USD 85 million
   Explanation:
   On July 31 2024, The Ministry of Ayush (Ayurveda, Yoga and Naturopathy, Unani, Siddha, Sowa Rigpa and Homoeopathy), Government of India (GoI) and the World Health Organization (WHO) have signed a donor agreement during an event in Geneva, Switzerland.
   i.This donor agreement is part of a USD250 million investment from India in support of the establishment of the WHO Global Traditional Medicine Centre (GTMC) in 2022
   ii.Under this agreement, India will donate USD 85 million over a period of 10 years (2022-2032) to support the operations of the WHO GTMC at Jamnagar, Gujarat.
   iii.The GTMC was officially established on March 25, 2022 with the signing of a Host Country Agreement, making it the first and only global out-posted centre for traditional medicine
   
   
   
3. Which country has recently (in July 2024) become an associate member of the  Caribbean Community (CARICOM)?
   1) Dominican Republic
   2) Jamaica
   3) Belize
   4) Benin
   5) Curacao
   
   Answer & Explanation

   Answer-5) Curacao
   Explanation:
   Curaçao has become the 6th Associate Member of the Caribbean Community (CARICOM), the oldest surviving integration movement in the developing world.
    The agreement was signed by  Chairman of CARICOM Dickon Mitchell, (Prime Minister (PM) of Grenada) and Gilmar Simon Pisas, PM of Curaçao, during the opening ceremony of the 47th Regular Meeting of the Conference of Heads of Government held in St. George’s, Grenada.
    With this, CARICOM now consists of 15 full member countries and 6 associate members.
   
   
   
4. Which has recently (in July ‘24) become the 1st private sector bank to launch the  RuPay Credit card with both Unified Payments Interface (UPI)  and National Common Mobility Card (NCMC) features?
   1) HDFC Bank
   2) RBL Bank
   3) Axis Bank
   4) ICICI Bank
   5) YES Bank
   
   Answer & Explanation

   Answer-2) RBL Bank
   Explanation:
   RBL Bank (formerly known as Ratnakar Bank Limited), a leading Indian private sector bank has launched a new RuPay Credit card, integrating it with Unified Payments Interface (UPI) and National Common Mobility Card (NCMC) features.
    With this, RBL becomes the 1st private sector bank to offer these comprehensive features of payment capabilities in a single card.
    The integration will enable the credit cardholders to make instant and secure payments through UPI and can travel hassle-free with the NCMC features.
   
   
   
5. Which bank has recently (in July ‘24) partnered with the Society for Worldwide Interbank Financial Telecommunications (SWIFT) to launch an artificial intelligence (AI)-driven pilot to help combat payments fraud occurring in cross-border payments?
   1) Axis Bank
   2) HDFC Bank
   3) Punjab and Sind Bank
   4) Federal Bank
   5) ICICI Bank
   
   Answer & Explanation

   Answer- 1) Axis Bank
   Explanation:
   The Society for Worldwide Interbank Financial Telecommunications (SWIFT) has partnered with Axis Bank, a leading Indian Private Sector Bank (PSB) to launch an Artificial Intelligence (AI)-driven pilot, to prevent the payments frauds occurring in cross-border payments.
    The AI-driven pilot is expected to provide a secure infrastructure that will allow financial institutions to exchange important information with strong privacy-preserving models.
    The initiative involves global banks such as Bank of New York Mellon Corporation (BNY Mellon) (USA), Deutsche Bank AG (Germany), De Nederlandsche Bank (DNB) (Norway), HSBC Holdings plc (United Kingdom-UK), Intesa Sanpaolo (Italy) and Standard Bank (South Africa), utilizing secure data collaboration and federated learning technologies. utilizing secure data collaboration and federated learning technologies.
    The pilot will use AI algorithms to examine historical transaction data and will detect any sort of anomaly that indicates fraud.
   
   
   
6. Which fintech company recently(in July ‘24) launched India’s first Near Field Communication (NFC) Card Sound Box in July 2024, integrating NFC card payment technology with mobile QR payments?
   1) BharatPe
   2) Razorpay
   3) Paytm
   4) PayU
   5) PhonePe
   
   Answer & Explanation

   Answer-3) Paytm
   Explanation:
   Noida-based (Uttar Pradesh, UP) One 97 Communications Limited (OCL), Paytm‘s parent company launched India’s first Near Field Communication (NFC) Card Sound Box, a two-in-one mobile Quick Response(QR) payment device which combines NFC card payment technology with mobile QR payments. The Paytm NFC Card Sound Box will provide a cost-effective solution for offline merchants and allows customers to make payments by tapping a debit or credit card or scanning a QR code.
    It features an instant audio confirmation and a display screen for transaction amounts and long-lasting battery life of up to 10 days.
    The merchants can accept NFC-based debit and credit cards and receive mobile payments from any UPI app with a single device.
   
   
   
7. Which Indian firm has recently (in July ‘24) signed a MoU with France-based aerospace leader Thales to advance the growth and innovation in India’s drone ecosystem?
   1) BrahMos Aerospace Private Limited
   2) Garuda Aerospace Private Limited
   3) Flying Wedge Defence and Aerospace Technologies Private Limited
   4) Ikran Aerospace and Technologies Private Limited
   5) Skyroot Aerospace Private Limited
   
   Answer & Explanation

   Answer-2) Garuda Aerospace Private Limited
   Explanation:
   Thales, a global aerospace leader headquartered in Paris, France, and Garuda Aerospace Private Limited, India’s leading Drone technology start-up, signed a Memorandum of Understanding (MoU) to advance the growth and innovation in India’s drone ecosystem.
    This collaboration aims to foster innovation and advance technological solutions for safe, secure drone operations and applications.
    The MoU which comes into effect in August 2024, aims to provide a platform for a strategic collaboration to develop the drone ecosystem in India.
    The collaboration aligns with the Aatmanirbhar Bharat (Self-Reliant India) vision, aiming to make India a global hub for drones by 2030.
   
   
   
8. When was the World Wide Web (WWW) Day annually observed across the globe?
   1) May 11
   2) June 21
   3) April 14
   4) July 30
   5) August 1
   
   Answer & Explanation

   Answer-5) August 1
   Explanation:
   World Wide Web (WWW) Day is annually observed across the globe on August 1 to celebrate the creation and impact of the World Wide Web, and recognize its role in connecting the world.
    The day highlights the web’s transformative role in revolutionising communication, collaboration, and access to knowledge.
    Aim : To recognize and appreciate Tim Berners-Lee’s groundbreaking work and vision.
    World Wide Web, also known as the Web or W3 is a collection of websites or web pages stored in web servers and connected to local computers through the internet.
    There are 3 components of the web: Uniform Resource Locator (URL), HyperText Transfer Protocol (HTTP) and Hyper Text Markup Language (HTML).
   
   
   
9. Which country is set to build the world’s nuclear power plant based on molten thorium salt?
   1) South Korea
   2) Finland
   3) China
   4) Russia
   5) India
   
   Answer & Explanation

   Answer-3) China
   Explanation:
   China plans to build the world’s 1st Nuclear Power Plant (NPP) that will be fuelled by liquid fuel based on molten thorium salt in the Gobi Desert, China. The construction of the plant will begin in 2025 with the aim of developing safer and more environmentally friendly nuclear energy.
    Since the reactor uses liquid salt and carbon dioxide to transfer heat and generate electricity, it does not require water for cooling.
    It  will use fuel enriched with less than 20% Uranium-235 (U-235) and approximately 50 kilogram (kg) of thorium.
    It will use FLiBe, a mixture of lithium fluoride and beryllium fluoride, containing 99.95% lithium-7 and the fuel will consist of uranium tetrafluoride (UF4).
   
   
   
10. Which company has recently (in July ‘24) partnered with PricewaterhouseCoopers International Limited (PwC) India to strengthen cybersecurity?
    1) Tata Consultancy Services
    2) HCLTech
    3) Infosys
    4) Microsoft India
    5) Google India
    
    Answer & Explanation

    Answer-4) Microsoft India
    Explanation:
    Kolkata (West Bengal, WB) based PricewaterhouseCoopers International Limited (PwC) India has partnered with Microsoft India to strengthen cybersecurity through advanced incident response and recovery capabilities.
    i.It uses Microsoft Copilot for Security, an Artificial Intelligence (AI) -powered security tool, which enables the enterprises to leverage Microsoft’s large-scale data and threat intelligence security graph along with PwC’s incident management capabilities.
    ii.It enables enterprises to use Microsoft’s cutting-edge technology, enhancing PwC’s capabilities in secure system rebuilding and broader incident management.