Current Affairs Quiz: 15 November 2023

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1. Which Institute has recently (in Nov ‘23) signed an MoU with Lean Campus Startups (Trust) and Women Entrepreneurs International Chambers of India (WEICI India) to empower corporate and women entrepreneurs?
   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:
   On November 13, 2023, the Indian Institute of Corporate Affairs (IICA) signed a Memorandum of Understanding (MoU) with Lean Campus Startups (Trust) and Mumbai, Maharashtra based Women Entrepreneurs International Chambers of India (WEICI India) in Manesar, Gurugram, Haryana, to empower corporate and women entrepreneurs through various training programmes.
   i. IICA in partnership with Lean Campus Startups & WEICI India aims to empower both corporate and women entrepreneurs, augmenting their knowledge, skills, and competencies in the effective establishment and management of a diverse workforce.
   ii. In partnership with IICA, LCS will arrange programmes for women entrepreneurs and students.
   
   
   
2. Name the country that has recently (in Nov ‘23) signed a contract with India to supply and produce hand-held anti-aircraft missile Igla-S Man-Portable Air Defence System (MANPADS).
   1) France
   2) United States of America
   3) Japan
   4) Indonesia
   5) Russia
   
   Answer & Explanation

   Answer-5) Russia
   Explanation:
   Russia has signed a contract to supply and produce hand-held anti-aircraft missile Igla-S Man-Portable Air Defence System (MANPADS) to India.
    Igla-S is designed to counter low-flying aircraft and helicopters. It has a range of 500 meters to 6000 meters and can go upto the altitude ranging from 10meters to 3500 meters.
    It works on “fire-and-forget” principle and it is exported by Russian Defense Export agency Rosoboronexport
   
   
   
3. Which organisation has recently (in Nov ‘23) signed a USD 400 million policy-based loan agreement with the Indian government to create high-quality urban infrastructure?
   1) International Monetary Fund
   2) Asian Development Bank
   3) World Bank
   4) United Nations Development Programme
   5) Asian Infrastructure Investment Bank
   
   Answer & Explanation

   Answer-2) Asian Development Bank
   Explanation:
   On November 13, 2023, the Indian government signed a USD 400 million policy-based loan agreement with the Asian Development Bank (ADB) to support its sub-programme 2 of the Sustainable Urban Development and Service Delivery Programme.
    This program is India’s urban reform agenda to create high-quality urban infrastructure, improve service delivery, and promote efficient governance systems.
    The Loan has a principal repayment period of 12 years.
   The sub-programme 2 of the Sustainable Urban Development and Service Delivery Programme was approved in 2021 with a financing of USD 350 million.
    It established national-level policies and guidelines to improve urban services.
    While Sub-programme 2 supports investment planning and reform actions at the state and urban local body (ULB) levels.
   
   
   
4. In November 2023, the National Highways Authority of India (NHAI) accepted the first insurance surety bond as bid security for the Toll Operate Transfer (TOT) Bundle 14 bid.
   The bond was issued at a rate of _________.
   1) 0.38%
   2) 0.50%
   3) 0.64%
   4) 0.25%
   5) 0.49%
   
   Answer & Explanation

   Answer-4) 0.25%
   Explanation:
   The National Highways Authority of India (NHAI) accepted the first insurance surety bond as bid security for the Toll Operate Transfer (TOT) Bundle 14 bid. The bond was issued at a rate of 0.25% and did not require any margin money.
    This will be the first time this instrument is being utilized as a Bank Guarantee (BG) in the road infrastructure sector for monetization of bids.
    The NHAI collaborated with the Highway Operators Association of India (HOAI), SBI General Insurance, and AON India Insurance for this initiative.
   
   
   
5. Which of the following companies has not received the Securities and Exchange Board of India (SEBI) approval to raise funds through initial public offerings (IPOs) in November 2023?
   1) Ganviz Enterprises
   2) Fedbank Financial Services Limited
   3) Indian Renewable Energy Development Agency
   4) EPACK Durable
   5) Suraj Estate Developers
   
   Answer & Explanation

   Answer-1) Ganviz Enterprises
   Explanation:
   The Securities and Exchange Board of India (SEBI) has given approval to four companies viz. Fedbank Financial Services Limited (Fedfina), Indian Renewable Energy Development Agency (IREDA), EPACK Durable, and Suraj Estate Developers to raise funds through initial public offerings (IPOs).
    These companies filed preliminary IPO papers with SEBI between July and September 2023.
    The equity shares of these companies will be listed on the BSE (Formerly Bombay Stock Exchange) and NSE (National Stock Exchange).
   Note- Fedfina is a Non-Banking Financial Company (NBFC) arm of Federal Bank.
   
   
   
6. Which of the following personalities has recently (in Nov ‘23) inducted into the International Cricket Council’s (ICC) Hall of Fame for the year 2023?
   1) Aravinda de Silva (Sri Lanka)
   2) Virender Sehwag (India)
   3) Diana Fram Edulji (India)
   4) Both 1 & 2
   5) All 1, 2 & 3
   
   Answer & Explanation

   Answer-5) All 1, 2 & 3
   Explanation:
   Former Indian cricketer Virender Sehwag and former Indian women’s cricket team captain Diana Fram Edulji , along with Sri Lanka’s Aravinda de Silva, were inducted into the International Cricket Council’s (ICC) Hall of Fame for the year 2023.
   i. Diana Fram Edulji  is the first Indian woman cricketer inducted into the ICC Hall of Fame.
   ii. The three legends are to be presented with a commemorative ICC Cricket Hall of Fame cap during the ICC Men’s Cricket World Cup semi-final at the Wankhede Stadium, Mumbai (Maharashtra) on 15th November 2023.
    Virender Sehwag was the recipient of the Padma Shri (2010) in the sports category and the Arjuna Award (2002).
    Diana Edulji was the recipient of the PadmaShri(2002) in the sports category and Arjuna Award(1983).
    Sri Lankan right-hand batsman Pinnaduwage Aravinda de Silva was part of the Sri Lankan cricket team that won their first ICC Men’s Cricket ODI World Cup in 1996, which was hosted by India and Pakistan.
   
   
   
7. Name the bank that has recently (in Nov ‘23) signed a partnership with Indian Shuttler Prannoy Haseena Sunil Kumar (HS Prannoy) for brand promotion.
   1) ICICI Bank
   2) Federal Bank
   3) Axis Bank
   4) Kotak Mahindra Bank
   5) IDFC FIRST Bank
   
   Answer & Explanation

   Answer-2) Federal Bank
   Explanation:
   Federal Bank Limited has signed a partnership with Indian Shuttler Prannoy Haseena Sunil Kumar (HS Prannoy)(31) for an exclusive collaboration.
    Under this annual partnership, Federal Bank will be the exclusive banking partner.
    The partnership aims to promote the Bank’s strategy to invest in various adjacent domains to enhance its brand’s influence.
   i. Under this partnership, H S Prannoy will display the Federal Bank logo in several upcoming Badminton World Federation (BWF) events, including the BWF World Tour, BWF Gold Series, and BWF World Badminton Championships.
   ii. He will also promote the brand by carrying the logo of the bank during post-match interviews.
   
   
   
8. Name the ministry that has recently (in Nov ‘23) launched ‘AAINA Dashboard for Cities’ portal.
   1) Ministry of Home Affairs
   2) Ministry of Rural Development
   3) Ministry of Housing and Urban Affairs
   4) Ministry of Health and Family Welfare
   5) Ministry of Science and Technology
   
   Answer & Explanation

   Answer-3) Ministry of Housing and Urban Affairs
   Explanation:
   On 13th November 2023, Ministry of Housing and Urban Affairs (MoHUA) launched ‘AAINA Dashboard for Cities’ portal to create a database of the key performance metrics of Urban Local Bodies (ULB). The portal is an initiative of MoHUA.
    The primary objectives of the AAINA Dashboard are to help cities to
    Help cities see how they are doing vis-à-vis other cities,
    Inspire cities by pointing to new possibilities and areas for improvement.
    Provide cities with the opportunity to learn from and engage with frontrunning cities.
   i. The ULBs submit their data, including audited accounts, and self-reported performance metrics by logging in to the dashboard’s portal.
   ii. The portal does not rank cities, but instead serves as a tool for comparing similarly placed cities and promoting peer learning among cities.
   
   
   
9. Name the state government that has recently (in Nov ‘23) signed an MoU with ArcelorMittal Nippon Steel (AM/NS) India to establish a High-performance center (HPC) in Kho Kho.
   1) Odisha
   2) West Bengal
   3) Assam
   4) Tamil Nadu
   5) Maharashtra
   
   Answer & Explanation

   Answer-1) Odisha
   Explanation:
   Odisha government has signed a Memorandum of Understanding (MoU) with ArcelorMittal Nippon Steel (AM/NS) India to establish a High-performance center (HPC) in Kho Kho at Kalinga Stadium in Bhubaneswar, Odisha to promote Kho Kho talents.
   i. The MoU signed in the presence of Chief Minister of Odisha, Naveen Patnaik, highlighted the commitment of both parties to fostering sporting excellence.
   ii. Under the MoU, Odisha will extend infrastructure support, while AM/NS India has committed to providing experienced and dedicated coaches of Kho Kho to train talented youths.
   iii. A cluster of HPCs have been set up by Odisha at Kalinga Stadium in Bhubaneswar and the Kho Kho HPC will be an important addition to the ecosystem.
   
   
   
10. When was the United Nations (UN) World Diabetes Day (WDD) 2023 observed across the globe with the theme of Access to Diabetes Care?
    1) 10th November 2023
    2) 13th November 2023
    3) 11th November 2023
    4) 14th November 2023
    5) 12th November 2023
    
    Answer & Explanation

    Answer-4) 14th November 2023
    Explanation:
    The United Nations (UN)’s World Diabetes Day (WDD) 2023 was observed across the globe on 14th November 2023 to raise awareness about the impact of diabetes on the health of people.
    i. The theme for WDD 2021-23 is “Access to Diabetes Care” and the slogan for the 2023 campaign is: “Know your risk, Know your response.”
    ii. The first-ever UN-recognised WDD was observed on 14 November 2007.
    iii. 14 November marks the birthday of Sir Frederick Grant Banting, a Canadian medical scientist who co-discovered insulin along with Charles Herbert Best, an American-Canadian medical scientist in 1922.
     Sir Frederick Grant Banting won the Nobel Prize in Physiology or Medicine in 1923 for the discovery of insulin; he shared the award with John James Rickard Macleod, a Scottish physiologist.