AffairsCloud brings you the complete and important daily Current Affairs Quiz 3 January 2024 to achieve more marks in Banking, Insurance, UPSC, SSC, CLAT, Railways and all other competitive Exams. We have prepared the current affairs quiz question from our daily current affairs 2023 updates.
Our Current Affairs January 2024 events will help you to get more marks in Banking, Insurance, SSC, Railways, UPSC, CLAT and all State Government Exams. Also, try our Current Affairs Quiz.
- In January 2024, the Ministry of Heavy Industries (MHI) extended the Production Linked Incentive (PLI) Scheme for Automobile and Auto Components by _____ year, with partial amendments.
1) Five
2) Four
3) Two
4) One
5) ThreeAnswer-4) One
Explanation:
The Ministry of Heavy Industries (MHI) extended the Production Linked Incentive (PLI) Scheme for Automobile and Auto Components by one year, with partial amendments. This amended incentive scheme will be applicable for five consecutive financial years, starting from 2023-24 (FY24) and ending in 2027-28 (FY28).
This decision has been made after receiving the approval of the Empowered Group of Secretaries (EGoS).
These amendments aim to provide clarity and flexibility to the scheme.
i. Under amended Scheme, the incentive disbursement will be made in the subsequent financial year i.e. FY25.
ii. If a company fails to meet the determined sales value threshold in a year, it won’t receive an incentive for that year.
iii. The eligibility for benefits in the next year if the threshold is met with a 10% year-on-year growth. - The Defence Research & Development Organisation (DRDO) celebrated its _______ Foundation Day or Raising Day on 1st January 2024.
1) 64th
2) 65th
3) 66th
4) 67th
5) 68thAnswer- 3) 66th
Explanation:
Defence Research & Development Organisation (DRDO), the Research and Development (R&D) wing of the Ministry of Defence (MoD), annually celebrates its Foundation day or Raising Day on 1 January.
DRDO, formed in 1958, celebrated its 66th foundation day on 1st January 2024.
i. DRDO was formed in 1958 from the amalgamation of the then already functioning Technical Development Establishment (TDEs) of the Indian Army and the Directorate of Technical Development & Production (DTDP) with the Defence Science Organisation (DSO).
ii. On 1st January 2024, DRDO Chairman also launched the Quantity-Distance Software developed by Pune(Maharashtra)-based lab, High Energy Materials Research Laboratory (HEMRL), to automate the siting of explosives and related buildings.
The software is an essential tool for all MoD establishments engaged in creating explosive-related infrastructure in optimum time and with greater precision. - Which state has recently (in Jan ‘24) recognised as the ‘petro capital’ of India?
1) Gujarat
2) Karnataka
3) Maharashtra
4) Odisha
5) West BengalAnswer-1) Gujarat
Explanation:
Gujarat has been recognised as the ‘petro capital’ of India, due to the presence of the Reliance Industry Limited’s Jamnagar refinery and ONGC Petro Additions Limited (OPaL)’s state-of-the-art petrochemical complex at Dahej in Bharuch district.
RIL-Jamnagar refinery complex is the largest and most complex single-site refinery in the world.
The refinery can process 1.4 million barrels of crude oil per day. The Refinery has a complexity index of 21.1 which is the highest in the world.
i. OPaL Refinery Complex is one of South Asia’s single largest petrochemical complexes.
It is a joint venture(JV) between the Oil and Natural Gas Corporation (ONGC), the Gas Authority of India (GAIL) & Gujarat State Petroleum Corporation Limited (GSPC).
Note- Dahej’s PCPIR is one of the four PCPIRs declared by the Government of India(GoI) under the PCPIR Policy 2007. - Which bank has recently (in Jan ‘24) launched a Super Special 175 days Fixed Deposit (FD) scheme with an interest rate of 7.50% per annum?
1) Indian Bank
2) State Bank of India
3) Punjab National Bank
4) Bank of Baroda
5) Bank of IndiaAnswer-5) Bank of India
Explanation:
Bank of India (BoI), a Public Sector Bank (PSB), has launched a Super Special Fixed Deposit (FD) scheme with a specified maturity period of 175 days, commencing from January 1st, 2024.
The scheme offers an interest rate of 7.50% per annum for deposits ranging from Rs 2 crore to less than Rs 50 crore.
i. Senior citizens (aged 60 to 80) will get an additional interest rate of 0.50% on their retail term deposits (below Rs 2 crore) for tenors ranging from 6 months and above up to 3 years.
ii. Super senior citizens (aged above 80) will get an extra 0.65% on the same retail term deposits.
At present BoI pays 4.50% interest rate for a 175 day tenor for deposits below Rs 2 crore. 7.25% is the highest interest rate paid by BoI for a 2 year deposit. - Who has recently (in Jan ‘24) appointed as Chairman of the 16th Finance Commission, constituted by the Government of India?
1) Arvind Virmani
2) Vijay Kumar Saraswat
3) Arvind Panagariya
4) Suman Bery
5) Ramesh ChandAnswer- 3) Arvind Panagariya
Explanation:
The Government of India, has constituted the 16th Finance Commission of India with Dr Arvind Panagariya, former Vice-Chairman (VC), NITI Aayog(National Institution for Transforming India)(2015 to 2017) as Chairman.
Ritvik Ranjanam Pandey, Joint Secretary(Revenue), Ministry of Finance, was appointed as the Secretary to the Commission. He is a 1998 batch IAS officer of Karnataka cadre. The other members of the 16th commission will be notified separately.
Tenure: The Chairman and other members of the Commission will hold the post from the date on which they assume office up to the date of submission of Report or 31st October 2025.
Note: The 16th commission is set to submit its report by 31st October 2025 covering a period of five years commencing on the 1st April 2026.
i. Arvind Panagariya is a Professor of Economics and the Jagdish Bhagwati Professor of Indian Political Economy at Columbia University, the United States of America (USA).
ii. He has also served as the Chief Economist of the Asian Development Bank (ADB) from 2000 to 2002. He was honoured with Padma Bhusan (Literature and Education) in 2012. - In January 2024, Félix-Antoine Tshisekedi Tshilombo was re-elected as the President of the ___________ (country) for the 2nd term.
1) Ethiopia
2) Democratic Republic of Congo
3) United Republic of Tanzania
4) Ghana
5) GabonAnswer-2) Democratic Republic of Congo
Explanation:
Félix-Antoine Tshisekedi Tshilombo, the leader of the Union for Democracy and Social Progress (UDPS) party, was re-elected as the President of the Democratic Republic of Congo (DRC) for the 2nd term.
He is set to be sworn in as the President of Congo on 20th January 2024.
i. He was first elected as the President of Congo in 2019 succeeding Joseph Kabila..During his tenure as President, He also served as Chair of the African Union (AU) in 2021.
Note: From 1971 to 1997, Congo was officially known as the Republic of Zaire. - Who has recently (in Jan ‘24) became the first woman President of the European Investment Bank (EIB)?
1) Nadia Calviño Santamaría (Spain)
2) Alisa Weinberger (Germany)
3) Esther Duflo (France)
4) Asli Demirguc-Kunt (Türkiye)
5) Marianne Bertrand (Belgium)Answer- 1) Nadia Calviño Santamaría (Spain)
Explanation:
On 1st January 2024, Nadia Calviño Santamaría, a Spanish economist and civil servant, took over as the 8th President of the European Investment Bank (EIB), the lending arm of the European Union(EU).
With this appointment, she became the first woman President of EIB. She succeeds Werner Hoyer of Germany, who held the post since 2012.
Note: She has been serving as the First Vice-President(VP) and Minister for Economy, Trade and Companies, Government of Spain since July 2021.
She also served as Director-General for the Internal Market of the European Commission (2010-2014) and Director-General for Budget of the European Commission(2014-2018).
She has also served as the Chair of the International Monetary and Financial Committee (IMFC) of the International Monetary Fund (IMF) (since 3rd January 2022). - Which company has recently (in Jan ‘24) acquired a 100% equity stake in Bikaner III Neemrana II Transmission Limited, a special purpose vehicle (SPV), for Rs 18.6 crore?
1) ReNew Power
2) Nayara Energy
3) Reliance Power
4) Tata Power
5) Adani TransmissionAnswer-4) Tata Power
Explanation:
Tata Power has acquired a 100% equity stake in Bikaner III Neemrana II Transmission Limited, a special purpose vehicle (SPV), for Rs 18.6 crore.
SPV was set up by PFC Consulting Limited which is a subsidiary of Power Finance Corporation.
SPV was formed in June 2023 for the electrical power transmission project, which will be developed on a Build-Own-Operate-Transfer (BOOT) basis.
The transmission line project with an estimated cost of Rs. 1544 crore will transfer 7.7 Gigawatt (GW) of green power from Bikaner to Neemrana in Rajasthan about a distance of 340 kms. - Which of the following points is/are “correct” with respect to the XPoSat launched by the Indian Space Research Organisation (ISRO) in January 2024?
A) ISRO launched XPoSat (X-ray Polarimeter Satellite), India’s 1st dedicated polarimetry mission onboard the Polar Satellite Launch Vehicle (PSLV)-C58 from Satish Dhawan Space Centre in Sriharikota, Andhra Pradesh.
B) With this, India becomes the 2nd country in the world (after the United States of America(USA)) to launch a specialised astronomy observatory to study black holes and neutron stars in our galaxy.
C) This mission includes the PSLV Orbital Experimental Module-3 (POEM-3) aiming to accommodate and execute 10 payloads contributed by ISRO and Indian National Space Promotion and Authorization Center (IN-SPACe).
1) Only A
2) Only A & B
3) Only B & C
4) Only A & C
5) All A, B & CAnswer-5) All A, B & C
Explanation:
On 1st January 2024, Indian Space Research Organisation (ISRO) launched XPoSat (X-ray Polarimeter Satellite), India’s 1st dedicated polarimetry mission onboard the Polar Satellite Launch Vehicle (PSLV)-C58 from Satish Dhawan Space Centre in Sriharikota, Andhra Pradesh (AP). PSLV-C58 has launched XPOSAT Satellite into an Eastward low inclination orbit.
It was PSLV-C58’s 60th mission and lifted a mass of 260 tons. It should be noted that this launch was by PSLV-DL variant. It was PSLV-DL’s 4th mission.
The satellite is expected to operate for at least 5 years.
i. The mission aims to study various dynamics of bright astronomical X-ray sources like black holes, neutron stars, active galactic nuclei, pulsar wind nebulae etc. in extreme conditions.
ii. With this, India becomes the 2nd country in the world (after the United States of America(USA)) to launch a specialised astronomy observatory to study black holes and neutron stars in our galaxy.
After the launch, PS4 stage underwent two restarts for orbit adjustment to a stable 350 km circular orbit, ensuring a stable 3-axis mode for Orbital Platform (OP) experiments.
iii. This mission includes the PSLV Orbital Experimental Module-3 (POEM-3) aiming to accommodate and execute 10 payloads contributed by ISRO and Indian National Space Promotion and Authorization Center (IN-SPACe).
It carried the following two scientific payloads-POLIX (Polarimeter Instrument in X-rays) and XSPECT (X-ray Spectroscopy and Timing) in a low Earth orbit (LEO). - In December 2023, Norwegian Grandmaster and World Chess Champion Magnus Carlsen won his __________ World Blitz Chess Championships (open tournament) title and Russian grandmaster _________ won the World Women’s Blitz Chess Championships title in 2023.
1) 8th; Polina Shuvalova
2) 7th; Valentina Gunina
3) 8th; Alexandra Kosteniuk
4) 7th; Polina Shuvalova
5) 6th; Valentina GuninaAnswer-2) 7th; Valentina Gunina
Explanation:
Norwegian Grandmaster and World Chess Champion Magnus Carlsen won the title at the 2023 World Blitz Chess Championships (open tournament) held at the Samarkand Congress Center, Samarkand, Uzbekistan from 29th to 30th December 2023.
This marks Carlsen’s 7th World Blitz championship title and 17th World Championship title.
Russia’s Valentina Gunina won the title in the Women’s Blitz tournament. This marks her 2nd World Blitz title. She previously won the title in 2012.
i. Top 3 under Open and Women’s tournament:
Open: Magnus Carlsen finished with 16 points scored in 21 games, while Russia’s Daniil Dubov (15.5 points), and Russia’s Vladislav Artemiev (15 points) finished 2nd and 3rd in the Open Blitz tournament.
Women: Valentina Gunina finished with 14 points out of 17 games. The former World Champion Alexandra Kosteniuk of Switzerland finished 2nd (13.5), and China’s Zhu Jiner finished 3rd third (12.5). The Russian players are currently playing under the neutral FIDE flag.
ii. The prize fund of the 2023 championship is 1 million US dollars, with USD 700,000 for the Open and USD 300,000 for the Women’s tournaments.
AffairsCloud Recommends Oliveboard Mock Test
AffairsCloud Ebook - Support Us to Grow
Govt Jobs by Category
Bank Jobs Notification