Current Affairs Quiz: 10 November 2023

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1. Which of the following points is/are “correct” with respect to the National Symposium on ‘Promoting Organic Products through Cooperatives’ held at New Delhi, Delhi in November 2023?
   A) The one-day National Symposium on ‘Promoting Organic Products through Cooperatives’ organised by the National Cooperative Organics Limited (NCOL), in New Delhi, Delhi.
   B) During the event, Union Minister of Cooperation Amit Shah launched the ‘Bharat Organics’ brand of NCOL, a newly established cooperative body to promote organic produce.
   C) 6 organic products (tur dal, chana dal, sugar, rajma, basmati rice, and Sonamasoori rice) under Bharat Organics brand were launched during the event.
   1) All A, B & C
   2) Only A & B
   3) Only B & C
   4) Only A & C
   5) Only A
   

   Answer & Explanation

   Answer-1) All A, B & C
   Explanation:
   On 8th November 2023, Union Minister Amit Shah, Ministry of Cooperation launched the ‘Bharat Organics’ brand of National Cooperative Organics Limited (NCOL), a newly established cooperative body to promote organic produce.
    The brand was launched during the one-day National Symposium on ‘Promoting Organic Products through Cooperatives’ organised by NCOL, in New Delhi, Delhi.
   i. Union Minister Amit Shah also launched the NCOL’s logo, website, brochure, and membership certificates to 5 cooperative societies.
   ii. 6 organic products under ‘Bharat Organics’ brand were launched during the event.
    The 6 products are, tur dal, chana dal, sugar, rajma, basmati rice, and Sonamasoori rice.
    These products will be sold through 150 Mother Dairy’s Safal outlets and online platforms.
    A total of 20 organic products will be launched by December 2023 and the benefits will be directed towards the farmers producing them.
   iii. Under the concept of “Organic Under One Roof”, a retail outlet network of all organic products was also initiated.
   iv. Amit Shah also launched the website of the National Dairy Development Board (NDDB) Soil Limited, a subsidiary of NDDB for manure management and organic fertilizer produced from the NDDB’s Varanasi biogas plant, Uttar Pradesh.
   
   
   
2. Name the Institute that has recently (in Nov ‘23) signed an MoU with the FSR Global to promote collaboration in academia and research on regulatory issues of the energy sector.
   1) Indian Institute of Technology Bombay
   2) Indian Institute of Management Calcutta
   3) Indian Institute of Technology Delhi
   4) Indian Institute of Corporate Affairs
   5) Indian Institute of Management Bangalore
   

   Answer & Explanation

   Answer-4) Indian Institute of Corporate Affairs
   Explanation:
   Indian Institute of Corporate Affairs (IICA) and FSR Global, an initiative of the Florence School of Regulation (FSR), signed a Memorandum of Understanding (MoU) to promote collaboration in academia and research on regulatory issues of the energy sector.
    The MoU aims to explore innovative strategies and enhance operational capabilities in the field of energy regulation and power management both in India and worldwide.
    The MoU also facilitates and promotes a deeper understanding of the energy sector and its regulation.
    IICA and FSR Global will jointly offer capacity-building, research, and advisory services across different facets of the energy sector.
   
   
   
3. According to the Global Tuberculosis (TB) Report 2023 released by the World Health Organization (WHO) in November 2023, __________ people across the globe were newly diagnosed with tuberculosis (TB) in 2022, the highest ever since records began in 1995.
   1) 7.5 million
   2) 8.4 million
   3) 9.6 million
   4) 9.0 million
   5) 8.2 million
   

   Answer & Explanation

   Answer-1) 7.5 million
   Explanation:
   According to the World Health Organization’s (WHO) Global Tuberculosis (TB) Report 2023, 7.5 million people across the globe were newly diagnosed with tuberculosis (TB) in 2022, the highest ever since records began in 1995.
    However, it also highlights a positive global recovery in TB diagnosis and treatment services in 2022, indicating a reversal of the negative impact caused by COVID-19 disruptions.
    The report assessed data from 192 countries and areas (out of 215) with more than 99% of the world’s population and TB burden.
   i. India, Indonesia, and the Philippines, responsible for over 60% of the global decline in new TB cases in 2020 and 2021, surpassed 2019 levels of diagnosis in 2022.
   ii. Most people who developed TB were in the WHO regions of South-East Asia (46%), Africa (23%) and the Western Pacific (18%).
   Note- The 2023 UN High-Level Meeting on TB reaffirmed 2018 commitments and set new goals for 2023-2027, including 90% coverage for TB prevention and care, rapid TB tests, comprehensive benefits for patients, a safe new TB vaccine, and closing funding gaps by 2027.
   
   
   
4. According to the data from the Association of Mutual Funds in India (AMFI) released in November 2023, which state emerged as the leader in mutual fund investments in India during July-September Quarter-Fiscal Year 2024 (Q2FY24)?
   1) West Bengal
   2) Uttar Pradesh
   3) Karnataka
   4) Tamil Nadu
   5) Maharashtra
   

   Answer & Explanation

   Answer-5) Maharashtra
   Explanation:
   According to data from the Association of Mutual Funds in India (AMFI), Maharashtra emerged as the leader in mutual fund investments in India during July-September Quarter-Fiscal Year 2024(Q2FY24) with a substantial equity asset of Rs 7.47 lakh crore out of the industry’s total equity asset of Rs 25.85 lakh crore.
    It is followed by Gujarat and Karnataka holding equity assets of Rs 2.21 lakh crore and Rs 1.99 lakh crore respectively.
    They have surpassed Delhi (ranked 4th), whose equity asset dropped to Rs 1.94 lakh crore.
   i. Gujarat and Karnataka accounted for 8.5% and 7.7% of the overall industry equity asset, while Delhi lagged behind at 7.5%.
   ii. In terms of Systematic Investment Plan (SIP) inflows, Gujarat contributed significantly, accounting for 7% with inflows of around Rs 1200 crore.
   
   
   
5. Name the bank that has recently (in Nov ‘23) signed an MoU with Institute of Rural Management Anand (IRMA) in Anand, Gujarat to promote financial inclusion (FI) and financial literacy across India.
   1) IndusInd Bank
   2) YES Bank
   3) HDFC Bank
   4) Axis Bank
   5) ICICI Bank
   

   Answer & Explanation

   Answer-4) Axis Bank
   Explanation:
   Axis Bank Limited has signed a Memorandum of Understanding (MoU) with the Institute of Rural Management Anand (IRMA), (Anand) Gujarat, to establish the Axis Bank Chair for Financial Inclusion at IRMA campus.
    The chair was established to promote financial inclusion (FI) and financial literacy across India.
   i. Axis Bank Chair for Financial Inclusion is constituted for a period of 5 years.
   ii. This will focus on research, deepening industry-academia collaboration, driving thought leadership, and policy advocacy.
   iii. Under this MoU, a joint Advisory Committee will be established to oversee the selection for the Chair and periodically review the progress.
   
   
   
6. In November 2023, UBS Securities India Private Limited raised India’s gross domestic product (GDP) growth forecast by 10 basis points to ___________ for the fiscal year 2023-2024 (FY24).
   1) 6.8%
   2) 6.3%
   3) 6.2%
   4) 6.7%
   5) 6.0%
   

   Answer & Explanation

   Answer-2) 6.3%
   Explanation:
   UBS Securities India Private Limited raised India’s fiscal year 2023-2024 (FY24) GDP (Gross Domestic Product) Growth estimate by 10 basis points (100 basis points mean 1 percentage point) to 6.3% amid better-than-expected domestic economic activities
    UBS also increased India’s FY25 GDP growth forecast upwards by 20 basis points to 6.2%.
    It also projected India’s growth to settle towards the long-run average of 6.2% and 6.5% in FY26 and FY27.
    It increased its forecast on the Indian economy’s growth potential in the medium term to 6-6.5% from the earlier 5.75-6.25%.
   
   
   
7. Name the Actor who has been recently (in Nov ‘23) appointed as the UPI (Unified Payments Interface) Safety Ambassador of the National Payments Corporation of India (NPCI).
   1) Ajay Devgn
   2) Akshay Kumar
   3) Pankaj Tripathi
   4) Vicky Kaushal
   5) Varun Dhawan
   

   Answer & Explanation

   Answer-3) Pankaj Tripathi
   Explanation:
   The National Payments Corporation of India (NPCI) has appointed Bollywood actor Pankaj Tripathi as its ‘UPI(Unified Payments Interface) Safety Ambassador‘ to strengthen safety awareness and security on digital payment platforms.
    This initiative underscores the importance of the security and safety of digital payment platforms, especially in the context of the UPI.
   i. In 2018, he won his 1st National Film Award– Special Mention for the movie Newton (2017).
   ii. In 2023, he won his 2nd National Film Award– Best Supporting Actor for his performance in the 2021 film Mimi.
   
   
   
8. In November 2023, the Indian Army (IA) is set to induct the Hermes 900 Starliner drone a Multi-role, Medium Altitude Long Endurance (MALE) Unmanned Aircraft System(UAS) from Elbit Systems,  defence company of _________ (country).
   1) Russia
   2) Japan
   3) United Arab Emirates
   4) Iran
   5) Israel
   

   Answer & Explanation

   Answer-5) Israel
   Explanation:
   The Indian Army (IA) is set to induct the Hermes 900 Starliner drone a Multi-role, Medium Altitude Long Endurance (MALE) Unmanned Aircraft System(UAS) from Israel-based defence company Elbit Systems to boost surveillance and reconnaissance capabilities.
    The Indian Army, Indian Navy, and Indian Air Force(IAF) have awarded the contract to buy two MALE- UAS from Israel through the fourth tranche of emergency procurement powers granted to the forces.
    IAF inducted two Remotely Piloted Aircraft System (RPAS) Heron Mark 2 drones from the Israel Aerospace Industries (IAI) in August 2023.
    Elbit Systems in partnership with Adani Aerospace and Defence manufactures the complete carbon composite aerostructures for Hermes 900 Starliner in Hyderabad(Telangana)
    Hermes 900 Starliner is capable of carrying a maximum payload of 450 kg, attaining an altitude of 30,000 ft and it can also fly continuously for up to 36 hours.
    Hermes 900 Starliner is the first and only NATO’s Standardized Agreement 4671(NATO STANAG 4671) certified MALE UAS to operate in civilian airspace.
   
   
   
9. In November 2023, Dhruba Narayan Ghosh (DN Ghosh), former Chairman (12th) of ____________ (Bank), passed away.
   1) Punjab National Bank
   2) Indian Bank
   3) State Bank of India
   4) Bank of Baroda
   5) Bank of India
   

   Answer & Explanation

   Answer-3) State Bank of India
   Explanation:
   Dhruba Narayan Ghosh (DN Ghosh), former Chairman (12th) of the State Bank of India (SBI) and Chairman Emeritus of ICRA Limited, passed away at the age of 95 in Kolkata, West Bengal. He was born on 6 August 1928 in Cooch Behar (West Bengal).
    He served as Chairman of SBI from 1985 to 1989; Philips India Limited from 1989-99; Larsen & Toubro(L&T) from 1991-92.
    He held different positions in the Ministry of Finance, Ministry of Steel & Mines, and Ministry of Defence.
    He served as Chairman of SBI from 1985 to 1989; Philips India Limited from 1989-99; Larsen & Toubro(L&T) from 1991-92.
   
   
   
10. The World Quality Week (WQW) 2023 is being observed across the globe from 6th to 10th November 2023 with the theme of _____________.
    1) 100 Years of Quality
    2) Quality: realising your competitive potential
    3) Sustainability: improving our products, people and planet.
    4) Quality conscience: Doing the right thing
    5) Creating Customer Value
    

    Answer & Explanation

    Answer-2) Quality: realising your competitive potential
    Explanation:
    World Quality Week (WQW) is annually observed across the globe on the 2nd week of November to recognise the achievements of quality professionals, reflect on the successes and challenges of the past year, and share best practices for ensuring quality in all areas of lives.
     WQW 2023 is observed from 6 to 10 November 2023 with the theme of “Quality: realising your competitive potential“.
     WQW is a flagship brand awareness campaign of the Chartered Quality Institute (CQI), to celebrate the quality management profession globally.
     The Chartered Quality Institute (CQI), a business entity in London, the United Kingdom (UK), observes the 2nd Thursday of November every year as World Quality Day.
     In 2021, the CQI expanded the one-day event of quality management “World Quality Day” into a week-long celebration “World Quality Week”.
     Since 2021, CQI has been celebrating WQW during the 2nd week of November.
    Note: The CQI is also in charge of the International Register of Certified Auditors (IRCA).