Current Affairs Quiz: 20 October 2022

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1. 1. In which city did Union Minister of Petroleum and Natural Gas, Hardeep Singh Puri, inaugurate Asia’s largest Compressed BioGas (CBG) plant in October 2022?
      1) Meerut, Uttar Pradesh
      2) Umreth, Gujarat
      3) Pune, Maharashtra
      4) Sangrur, Punjab
      5) Jalkuwa, Madhya Pradesh
      

      Answer & Explanation

      Answer-4) Sangrur, Punjab
      Explanation:
      Union Minister Hardeep Singh Puri, Ministry of Petroleum and Natural Gas inaugurated Asia’s largest Compressed BioGas (CBG) plant in Sangrur, Punjab.
      i. It has been commissioned with an FDI (Foreign Direct Investment) of Rs 220 crores (approx.) by Verbio AG, one of Germany’s leading Bio-energy companies.
      ii. This plant has been set up under the Sustainable Alternative Towards Affordable Transportation (SATAT) initiative.
      
      
   2. Which organisation/Company signed an MoU (in Oct 22) with Triton Electric Vehicle (TEV) to manufacture hydrogen fuel cells?
      1) Bharat Electronics Limited
      2) Tata Motors Limited
      3) Bharat Heavy Electricals Limited
      4) Ola Electric Limited
      5) Bharat Dynamics Limited
      

      Answer & Explanation

      Answer-1) Bharat Electronics Limited
      Explanation:
      Bharat Electronics Ltd (BEL), a Navratna Defence Public Sector Undertaking (DPSU), has signed an MoU to manufacture hydrogen fuel cells with Triton Electric Vehicle (TEV), based in the United States (US).
      i. In accordance with the MoU, BEL will manufacture hydrogen fuel cells using technology transferred from TEV to meet the demands of the Indian market and mutually agreed-upon export markets.
      ii. TEV has established a Manufacturing Hub in Bhuj, Gujarat and a Research and Development (R&D) Center in Kheda, Anand District, near Ahmedabad, Gujarat in India.
      
      
   3. Name the organisation that has signed an MoU (in Oct ‘22) with Mitsubishi Heavy Industries Limited and its subsidiary Mitsubishi Power India Private Limited to demonstrate hydrogen co-firing in the Auraiya Gas Power Plant in Uttar Pradesh.
      1) National Hydroelectric Power Corporation Limited
      2) Oil and Natural Gas Corporation
      3) National Thermal Power Corporation Limited
      4) Indian Oil Corporation Limited
      5) Hindustan Petroleum Limited
      

      Answer & Explanation

      Answer-3) National Thermal Power Corporation Limited
      Explanation:
      NTPC Limited, formerly known as National Thermal Power Corporation Limited, signed an MoU with Mitsubishi Heavy Industries Limited, Japan and its subsidiary Mitsubishi Power India Private Limited to demonstrate the feasibility for Hydrogen co-firing blended with natural gas in MHI 701D gas turbines installed at NTPC Auraiya Gas Power Plant, at Dibiyapur, Uttar Pradesh (UP).
      i. Under the MoU, both companies will collaborate to identify key actions for co-firing various percentages of hydrogen (5 percent, 15 percent, 30 percent, 50 percent,100 percent) at NTPC Auraiya gas-based combined cycle power plant.
      
      
   4. The Ministry of Railways (MoR) has announced the closure of the Central Organisation for Modernisation of Workshops (COFMOW), New Delhi, from _________.
      1) 1st February 2023
      2) 1st November 2022
      3) 1st January 2023
      4) 1st December 2022
      5) 1st March 2023
      

      Answer & Explanation

      Answer-4) 1st December 2022
      Explanation:
      The Ministry of Railways (MoR) will shut down the Central Organisation for Modernisation of Workshops (COFMOW) from 1st December 2022, a year after the government of India (GoI) asked the sector to rationalise and reduce its undertakings.
      i. This decision is in-line with the recommendation made by the Principal Economic Advisor (PEA), Ministry of Finance (MoF) upon rationalisation of government bodies.
      
      
   5. In October 2022, the Ministry of Home Affairs (MHA) received the _______ Extension to the Frame Rules for Citizenship (Amendment) Act, 2019.
      1) 7th
      2) 5th
      3) 6th
      4) 8th
      5) 10th
      

      Answer & Explanation

      Answer-1) 7th
      Explanation:
      The Parliamentary Committees on Subordinate Legislation in the Rajya Sabha and Lok Sabha have accorded the Ministry of Home Affairs (MHA) yet another extension to frame the rules for the Citizenship (Amendment) Act, 2019.
      i. While the Rajya Sabha granted permission until December 31, 2022, the Lok Sabha extended it till January 9, 2023.
      ii. This is the seventh extension granted to MHA to frame the rules under the Citizenship (Amendment) Act (CAA).
      
      
   6. According to the Mercer CFA Institute Global Pension Index (MCGPI) 2022, India secured the _______ rank out of the 44 countries, while ______ tops the Index.
      1) 39th; Iceland
      2) 41st; Denmark
      3) 40th; Norway
      4) 41st; Iceland
      5) 40th; Denmark
      

      Answer & Explanation

      Answer-4) 41st; Iceland
      Explanation:
      According to the 2022 Mercer CFA Institute Global Pension Index (MCGPI), India ranks 41st out of the 44 countries, as compared to 40th position out of 43 countries in 2021.
      The index is prepared in collaboration with United States (US)-based CFA Institute, an international association of investment professionals; the Monash Centre for Financial Studies (MCFS); and Mercer, US-based global asset management firm.

      Rank	Country	Index Value
      1	Iceland	84.7
      2	Netherlands	84.6
      3	Denmark	82
      41	India	44.4

      
      
   7. Name the company that has recently (in Oct ’22) partnered with Indian Railways Catering and Tourism Corporation (IRCTC) to provide a ‘Travel Now Pay Later (TNPL)’ facility on the Rail Connect mobile app.
      1) ZingUpLife
      2) Refyne
      3) Koppr
      4) CASHe
      5) BrightDime
      

      Answer & Explanation

      Answer-4) CASHe
      Explanation:
      CASHe, an Artificial Intelligence (AI)-driven financial wellness platform has partnered with Indian Railways Catering and Tourism Corporation (IRCTC) to provide a ‘Travel Now Pay Later’ (TNPL) facility on IRCTC’s Rail Connect mobile application.
      i. The TNPL facility will allow users to book their rail tickets through the app instantly and pay for it later in Equated Monthly Income (EMI), ranging from 3 to 6 months.
      
      
   8. Which company signed a multi-year contract (in Oct’22) with Nokia(Finland) and Ericsson(Sweden) to build one of the largest 5G networks in the world and India’s first 5G standalone network?
      1) Reliance Jio Infocomm Ltd
      2) Adani Data Networks
      3) Bharti Airtel Ltd
      4) Vodafone Idea Ltd
      5) BSNL
      

      Answer & Explanation

      Answer-1) Reliance Jio Infocomm Ltd
      Explanation:
      European Telecom gear makers Nokia(Finland) and Ericsson(Sweden) have signed multiyear contract with Reliance Jio Infocomm Limited (Jio), Indian communications service provider (CSP), to build one of the largest 5G networks in the world and to build India’s first 5G Standalone network to achieve India’s digital leadership.
      i. Under the partnership with Nokia, Jio plans to deploy a 5G standalone network which will interwork with its 4G network.
      ii. Ericsson has signed a long-term strategic 5G contract with Jio to roll out 5G Standalone (SA) in India. This announcement follows the successfully concluded 5G spectrum auction in India.
      
      
   9. Name the personality who became the first non-Gandhi President of the Indian National Congress(INC) in 24 years by winning the Congress Presidential Election in October 2022.
      1) Avinash Pandey
      2) Shashi Tharoor
      3) Devakanta Barua
      4) Sitaram Kesri
      5) Mapanna Mallikarjun Kharge
      

      Answer & Explanation

      Answer-5) Mapanna Mallikarjun Kharge
      Explanation:
      Mapanna Mallikarjun Kharge won the Congress Presidential Election with 7,897 votes out of a total of 9,385 votes against Shashi Tharoor with 1,072 votes and became the 1st non-Gandhi President of the Indian National Congress(INC) in 24 years.
      i. Mallikarjun Kharge is elected as the 98th President of the Indian National Congress (INC).
      ii. Mallikarjun Kharge will replace the current Congress President Sonia Gandhi, who has been occupying the post ever since Rahul Gandhi stepped down after the 2019 Lok Sabha elections.
      
      
   10. In October 2022, Invesco Developing Markets Fund sold a 5.51% stake in Zee Entertainment Enterprises Limited (ZEE) for __________.
       1) USD 157.2 million
       2) USD 120.4 million
       3) USD 143.7 million
       4) USD 169.5 million
       5) USD 138.2 million
       

       Answer & Explanation

       Answer-4) USD 169.5 million
       Explanation:
       Invesco Developing Markets Fund, United States (US) based investment firm, offloaded a 5.51% stake in Zee Entertainment Enterprises Limited (ZEE) in a block trade which will fetch as much as USD 169.5 million.
       i. Some of the buyers of the stake were Morgan Stanley, Citigroup, Inc, Bank of America, Abvendus (financial services firm), and ICICI Prudential Mutual Fund (MF).
       ii. Prior to the stake sale, Invesco held a 10.14% stake in Zee entertainment through OFI Global China Fund LLC.