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Current Affairs Quiz: 4 October 2022

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  1. Name the Ministry that recently (in Oct ‘22) launched the Special Swachhta Campaign 2.0 in New Delhi, Delhi.
    1) Ministry of Panchayati Raj
    2) Ministry of Rural Development
    3) Ministry of Home Affairs
    4) Ministry of Science and Technology
    5) Ministry of Housing and Urban Affairs
    Answer & Explanation
    Answer-4) Ministry of Science and Technology
    Explanation:
    Union Minister of State (Independent Charge) Ministry of Science and Technology Jitendra Singh launched the Special Swachhta Campaign 2.0, at the Department of Administrative Reforms and Public Grievances (DARPG) office, New Delhi.
    i. This mainly focuses on Swachhata including disposal of scrap and reducing Pendency in Government.
    ii. The guidelines booklet for Special Campaign 2.0 and August Progress Report along with the Circulars for Easing of Rules of the Department of Pensions were also released on the occasion.

  2. Which of the following points are ‘correct’ with the respect to the 6th edition of the India Mobile Congress (IMC) 2022 held in October 2022?
    A) PM Narendra Modi inaugurated the 6th edition of the IMC 2022 with the theme, “New digital Universe” and also launched the first phase of 5G services in Pragati Maidan, New Delhi.
    B) PM launched the 5G Non-Standalone (NSA) Core that was indigenously designed and developed by the Centre for Development of Telematics (C-DOT) in IMC, 2022.
    C) Reliance Jio Infocomm Limited has launched 5G service in 6 cities, to become the 1st company to launch 5G services in India.

    1) Only A
    2) Only A & B
    3) Only B & C
    4) Only A & C
    5) All A, B & C
    Answer & Explanation
    Answer-2) Only A & B
    Explanation:
    Prime Minister (PM) Narendra Modi also inaugurated the 6th edition of the India Mobile Congress (IMC) 2022 that will be held from 1st October 2022 to 4th October 2022 with the theme, “New digital Universe” and also launched the first phase of 5G services in Pragati Maidan, New Delhi.
    i. PM launched the 5G Non-Standalone (NSA) Core that was indigenously designed and developed by the Centre for Development of Telematics (C-DOT) in IMC, 2022.
    ii. Bharti Airtel has launched 5G service in 8 cities including Delhi, Mumbai, Varanasi, Bangalore, Chennai, Hyderabad, Nagpur and Siliguri to become the 1st company to launch 5G services in India.

  3. Which of the following points are ‘Incorrect’ with respect to the RBI’s 4th bi-monthly monetary policy of FY23 held in September 2022?
    1) RBI decreased India’s Gross Domestic Product (GDP) growth to 7% from 7.2% for FY23.
    2) The MPC raised the repo rate by 50 basis points to 5.90% from 5.40%.
    3) The Standing Deposit Facility (SDF) Rate adjusted to 5.65% from 5.15% and Marginal Standing Facility (MSF) rate to 6.15% from 5.65%.
    4) The Bank Rate remained unchanged at 5.15%.
    5) The GDP growth for Q1FY24 is projected at 7.2%.
    Answer & Explanation
    Answer-4) The Bank Rate was unchanged at 5.15%.
    Explanation:
    The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) met on September 28-30, 2022, and released the RBI’s 4th bi-monthly monetary policy of FY23 which decreased India’s Gross Domestic Product (GDP) growth for FY23 to 7% from 7.2%
    The MPC raised the repo rate for the 4th consecutive time by 50 basis points to 5.90% from 5.40%.
    Policy rates Previous Rate Revised Rate on September 2022
    Repo Rate 5.40% 5.90%
    Reverse Repo Rate 3.35% 3.35%
    Marginal Standing Facility (MSF) 5.65% 6.15%
    Bank Rate 5.65% 6.15%
    Standing Deposit Facility (SDF) Rate 5.15% 5.65%
    Cash Reserve Ratio (CRR) 4.50% 4.50%
    Statutory Liquidity Ratio (SLR) 18.00% 18.00%


  4. Which of the following points are ‘correct’ with respect to the RBI’s 4th bi-monthly monetary policy of FY23 held in September 2022?
    A) RBI will also introduce a framework for Securitization of Stressed Assets Framework (SSAF) to provide an alternative mechanism for securitization of NPAs in addition to the existing ARC (Asset Reconstruction Companies) route.
    B) The 28-day Variable Rate Reverse Repo (VRRR) auctions will be stopped by the RBI due to current banking system liquidity conditions & will continue 14-day VRRR auctions.
    C) RBI also released the monetary policy report which is published under Section 45ZM of the Reserve Bank of India (RBI) Act, 1934.

    1) Only A
    2) Only A & B
    3) Only B & C
    4) Only A & C
    5) All A, B & C
    Answer & Explanation
    Answer-5) All A, B & C
    Explanation:
    RBI may consider the ‘Expected Loss (EL)’ approach for loan provisioning by banks as compared to the present ‘incurred loss’ approach, where money is set aside after a loss from an asset.
    i. RBI will also introduce a framework for Securitization of Stressed Assets Framework (SSAF) to provide an alternative mechanism for securitization of NPAs (Non-Performing Assets) in addition to the existing ARC (Asset Reconstruction Companies) route.
    ii. The 28-day Variable Rate Reverse Repo (VRRR) auctions will be stopped by the RBI due to current banking system liquidity conditions & will continue 14-day VRRR auctions.
    • This means 28-day VRRR will be merged with 14-day VRRR.
    iii. RBI also released the monetary policy report which is published under Section 45ZM of the Reserve Bank of India (RBI) Act, 1934.

  5. Who was recently (in Sept ‘22) honoured with the Lifetime Achievement Award by the United States (US) President Joe Biden with the citation of ‘With Grateful Recognition’?
    1) Pradeep Khosla
    2) Paul Shrivastava
    3) Nagi Naganathan
    4) Vivek Lall
    5) Renu Khator
    Answer & Explanation
    Answer-4) Vivek Lall
    Explanation:
    Dr Vivek Lall, an Indian-origin Chief Executive Officer (CEO) of General Atomics Global Corporation has been honoured with the Lifetime Achievement Award by the United States (US) President Joe Biden with the citation of ‘With Grateful Recognition’.
    i. The citation ‘With Grateful Recognition’ was given to Vivek Lall, who has done PhD in Aerospace Engineering from Wichita State University in Kansas, United States.
    ii. The recognition was given by the AmeriCorps and the Office of the President.

  6. Name the personality who recently (in Sept ‘22) won the Formula One (F1) 2022 Singapore Grand Prix (GP) race.
    1) Carlos Sainz
    2) Sergio Perez
    3) Lando Norris
    4) Charles Leclerc
    5) Daniel Ricciardo
    Answer & Explanation
    Answer-2) Sergio Perez
    Explanation:
    Sergio Perez (team Red Bull) won the Formula One (F1) 2022 Singapore Grand Prix (GP) race (also called as Formula 1 Singapore Airlines Singapore Grand Prix 2022) at Marina Bay Street Circuit, Singapore. This is the first win for Sergio Perez at Singapore GP.
    i. Sergio Perez defeated Charles Leclerc (team Ferrari), who secured 2nd rank in the race.

  7. Tulsi R Tanti, founder and Chairman & Managing Director (CMD) of _________, passed away in October 2022.
    1) Suzlon Energy Ltd.
    2) Websol Energy Systems Ltd.
    3) ReNew Power
    4) RattanIndia Power
    5) GTL Infrastructure Ltd.
    Answer & Explanation
    Answer-1) Suzlon Energy Ltd.
    Explanation:
    The Founder and Chairman & Managing Director (CMD) of Suzlon Energy Limited, Tulsi R Tanti passed away at the age of 64 years due to cardiac arrest.
    i. He was regarded as the ‘Wind Man of India”and was a stalwart of the Indian and global renewable energy industry.
    ii. He was the Chairman of the Indian Wind Turbine Manufacturers Association (IWTMA) and a member of the Board of Management of The Energy and Resources Institute (TERI) University, New Delhi, Delhi.

  8. Name the author of the book, “The Last Heroes,” which will be released in November 2022.
    1) Manu Joseph
    2) Palagummi Sainath
    3) Anjan Sundaram
    4) Anees Jung
    5) Rahul Pandita
    Answer & Explanation
    Answer-2) Palagummi Sainath
    Explanation:
    The Ramon Magsaysay Award winning author-journalist Palagummi Sainath (P Sainath) authored a new book titled “The Last Heroes”, published by Penguin Random House India (PRHI), which will be released on November 21, 2022.
    i. The book talks about the Indian freedom struggle and fight for Independence.
    ii. P Sainath also authored the book ‘Everybody Loves a Good Drought: Stories from India’s Poorest Districts’. He is the founder editor of the People’s Archive of Rural India (PARI), a multimedia digital platform.

  9. What is the theme of United Nations (UN)’s World Habitat Day (WHD) 2022 that was observed across the globe on 3rd October 2022?
    1) Mind the Gap. Leave No One and No Place Behind
    2) Housing For All: A better Urban Future
    3) Housing at the Centre
    4) Housing Policies: Affordable Homes
    5) Shelter is My Right
    Answer & Explanation
    Answer-1) Mind the Gap. Leave No One and No Place Behind
    Explanation:
    The United Nations (UN)’s World Habitat Day (WHD) 2022 was observed across the globe on 3rd October 2022 (1st Monday of October annually) with the theme of ‘’Mind the Gap. Leave No One and No Place Behind’’.
    i. The first-ever World Habitat day was celebrated in 1986 under the theme ” Shelter is my right “. It was hosted by Nairobi, Kenya.
    ii. The winners of this year’s UN-Habitat Scroll of Honour Award, one of the most prestigious prizes presented to 6 including Dipti Mahapatro, from Bhubaneswar (Odisha), India.

  10. Which state recently (in Sept ‘22) launched Mahatma Gandhi Rural Industrial Parks (MGRIP) scheme to develop ‘gauthans’ (cow shelters in villages) as ‘rural industrial parks’?
    1) Jharkhand
    2) Chhattisgarh
    3) Gujarat
    4) Maharashtra
    5) Uttar Pradesh
    Answer & Explanation
    Answer-2) Chhattisgarh
    Explanation:
    Chhattisgarh Chief Minister (CM) Bhupesh Baghel launched Mahatma Gandhi Rural Industrial Parks (MGRIP) scheme to develop ‘gauthans’ (cow shelters in villages) as ‘rural industrial parks’.
    i. Under the scheme, 300 gauthan cum industrial parks will be set up at a total budget of 600 crores in FY22 budget as its first phase.
    ii. The Chhattisgarh government has already set up gauthans in over 8,000 villages under its flagship scheme Suraji Gaon Yojna (also known as village good governance scheme).





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