AffairsCloud brings you the complete and important daily Current Affairs Quiz 7 & 8 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.
- Which organisation has recently (in Jan ‘24) signed an MoU with Indian Railways (IR) to reduce energy and water consumption and lower greenhouse gas (GHG) emissions?
1) Associated Chambers of Commerce and Industry of India
2) Federation of Indian Chambers of Commerce & Industry
3) National Association of Software and Service Companies
4) Quality Council of India
5) Confederation of Indian IndustryAnswer-5) Confederation of Indian Industry
Explanation:
On 4th January 2024, Indian Railways (IR) and Confederation of Indian Industry (CII) signed the Memorandum of Understanding (MoU) to reduce energy and water consumption and lower greenhouse gas (GHG) emissions.
The MoU has been renewed for the 3rd consecutive time since 2016.
This renewed MoU with CII-Green Business Centre(GBC) aims to achieve IR’s target of Net Zero Carbon Emission by 2030.
i. Under this renewed MoU IR and CII jointly focus on:
Bringing new/relevant technologies and their implementations.
Assistance in achieving ISO 50001 certification(Energy Management System certification) for workshops/production units (PUs).
Development of a Net-Zero Energy Railway station framework.
Creation of an information dashboard highlighting advancements in green initiatives throughout the year. - According to the United Nations Department of Economic & Social Affairs (UN-DESA) released the World Economic Situation and Prospects (WESP) 2024 report in January 2024, India’s economic growth is projected to reach __________ in 2024.
1) 6.2%
2) 6.0%
3) 6.5%
4) 6.4%
5) 6.3%Answer-1) 6.2%
Explanation:
On January 5, 2024, According to the United Nations Department of Economic & Social Affairs (UN-DESA) released World Economic Situation and Prospects (WESP) 2024 report projecting India’s economic growth to reach 6.2% in 2024 which is slightly lower than the 6.3% estimate for 2023.
India’s GDP is estimated to reach 6.6% in 2025.
South Asia’s Gross Domestic Product (GDP) is expected to increase by 5.2% in 2024. It grew by an estimated 5.3% in 2023.
i. It forecasts a slowdown in global economic growth from 2.7% in 2023 to 2.4% in 2024 with short-term risks and structural vulnerabilities.
This is below the pre-pandemic growth rate of 3.0%.
ii. Global headline inflation fell from 8.1% in 2022 to an estimated 5.7% in 2023 and is projected to decline to 3.9% in 2024. - Name the arm of the World Bank that has recently (in Jan ‘24) priced a 5-year Sustainable Development Bond in Great British Pound sterling (GBP) to raise GBP 1.5 billion from investors.
1) International Finance Corporation
2) International Development Association
3) International Bank for Reconstruction and Development
4) Multilateral Guarantee Agency
5) International Centre for the Settlement of Investment DisputesAnswer-3) International Bank for Reconstruction and Development
Explanation:
The World Bank (WB) arm International Bank for Reconstruction and Development (IBRD) has priced a 5-year Sustainable Development Bond in Great British Pound sterling (GBP) to raise GBP 1.5 billion from investors, contributing to finance sustainable development initiatives in World Bank member countries.
Note: IBRD has maintained a triple-A(AAA) rating (investment grade ratings) since 1959.
i. The bond will mature on 2nd October 2028 and it is listed on the Luxembourg Stock Exchange (LSE) in Luxembourg City, Luxembourg.
ii. Citigroup Inc., NatWest Markets Plc, Santander Bank and Toronto Dominion Securities are the joint lead managers of the transaction.
iii. Belgium based Euroclear and Luxembourg based Clearstream will offer Clearing systems service for the transaction.
iv. Investor Distribution:
By Investor Type- Central Banks / Official Institutions (53%), Banks/Bank Treasuries/Corporates (25%), Asset Managers /Insurance/Pension Funds (22%).
By Geography – United Kingdom (UK – 59%), Asia (32%), Europe / Middle East (6%), Americas (3%). - Who has recently (in Jan ‘24) appointed as the Managing Director (MD) and Chief Executive Officer (CEO) of National Asset Reconstruction of India Limited (NARCL)?
1) P Santhosh
2) Natarajan Sundar
3) Ajit Nair
4) Rakesh K. Singh
5) Malvika SinhaAnswer-1) P Santhosh
Explanation:
P Santhosh, Chief General Manager (CGM) of Canara Bank, has been appointed (on deputation) as Managing Director (MD) and Chief Executive Officer (CEO) of National Asset Reconstruction of India Limited (NARCL) with effect from 5th January 2024.
He succeeds Natarajan Sundar, MD & CEO of NARCL (from 2022), who resigned from the post.
Santhosh will hold the post until the appointment of a regular CEO.
Note: The majority of NARCL’s stake is held by Public Sector Banks (PSBs) and the balance by private banks. Canara Bank is among the sponsor banks of NARCL with 10% stake. - Which of the following points is/are “correct” with respect to the appointment cleared by the Appointments Committee of the Cabinet (ACC) in January 2024?
A) ACC chaired by Prime Minister (PM) Narendra Modi, cleared the appointment of 7 civil servants to key posts abroad to represent India in foreign missions and captive posts within GoI across various multilateral bodies.
B) Vikas Sheel was appointed as Executive Director (ED) of the Asian Development Bank (ADB) in Manila (Philippines) for 3 years.
C) Senthil Pandian has been appointed as Ambassador/Permanent Representative (PR) at the Permanent Mission of India (PMI) to the Geneva (Switzerland)-based World Trade Organisation (WTO) for 3 years.
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 5 January 2024, the Appointments Committee of the Cabinet (ACC) chaired by Prime Minister (PM) Narendra Modi, cleared the appointment of 7 civil servants to key posts abroad to represent India in foreign missions and captive posts within the Government of India (GoI) across various multilateral bodies.
Vikas Sheel, a 1994-batch Indian Administrative Service (IAS) officer of the Chhattisgarh cadre was appointed as Executive Director (ED) of the Asian Development Bank (ADB) in Manila (Philippines) for 3 years.
Senthil Pandian, 2002-batch IAS officer of the Uttar Pradesh cadre and has been appointed as Ambassador/Permanent Representative (PR) at the Permanent Mission of India (PMI) to the Geneva (Switzerland)-based World Trade Organisation (WTO) for 3 years.
M Balaji, 2005-batch IAS officer of the Tamil Nadu cadre and has been appointed Deputy Chief of Mission at the Embassy of India, Brussels (Belgium) for 3 years.
Parveen Kumar, Indian Revenue Service (IRS) (Income Tax) officer of the 2004 batch and was appointed as Adviser to the ED of the International Monetary Fund (IMF), Washington DC, the United States of America (USA).
Smita Sarangi, 2008 batch IAS officer of the Nagaland Cadre and was appointed as Adviser to the ED of the ADB, Manila for 3 years.
Senior bureaucrat Kalyan Revella, a 2010-batch IRS officer, has been appointed Counsellor (Economic) at the Embassy of India in Beijing, China for 3 years, replacing Lekhan Thakkar.
Tanu Singh, a 2012-batch Indian Trade Service (ITradeS) officer, has been named as the First Secretary of the PMI to the WTO (Geneva) for 3 years.
She replaces Anwar Hussain Shaik, who is completing his tenure on 31 March 2024. - In January 2024, Ravindra Kumar Tyagi assumed charge as Chairman and Managing Director (CMD) of ____________(company).
1) NTPC Limited
2) Bharat Heavy Electricals Limited
3) Power Grid Corporation of India
4) Power Finance Corporation Limited
5) Indian Railway Finance CorporationAnswer-3) Power Grid Corporation of India
Explanation:
Ravindra Kumar Tyagi assumed charge as Chairman and Managing Director (CMD) of Power Grid Corporation of India Limited (POWERGRID) with effect from 1 January 2024. Before this, he was serving as Director (Operations) of POWERGRID.
He succeeded Kandikuppa Sreekant, who was superannuated on 31 December 2023. He has been the CMD of POWERGRID since August 2019.
Note- State-owned POWERGRID is a Maharatna Central Public Sector Undertaking (CPSU) under the administrative control of the Ministry of Power. - Name the personality who has been recently (in Jan ‘24) appointed as the Managing Director (MD) & Chief Executive officer (CEO) of National Investment and Infrastructure Fund Limited (NIIFL).
1) A.K.T Chari
2) Sanjiv Aggarwal
3) Rajiv Dhar
4) Ashwani Kumar
5) Prashant Kumar GhoseAnswer- 2) Sanjiv Aggarwal
Explanation:
On 5th January 2023, Sanjiv Aggarwal, Partner (Energy Infrastructure), Actis, was appointed as the Managing Director (MD) & Chief Executive officer (CEO) of National Investment and Infrastructure Fund Limited (NIIFL), with effect from February 2024.
He will succeed Rajiv Dhar, who has been serving as interim MD and CEO of NIIFL since May 2023.
Note: NIIF is a collaborative investment platform for international and Indian investors, anchored by the Government of India(GoI). - Who has been recently (in Jan ‘24) appointed as the Executive Director (ED) of Securities and Exchange Board of India (SEBI) for a period of three years?
1) Kamlesh Chandra Varshney
2) Ananth Narayan G
3) Ashwani Bhatia
4) Govindayapalli Ram Mohan Rao
5) Amarjeet SinghAnswer-4) Govindayapalli Ram Mohan Rao
Explanation:
The Securities and Exchange Board of India (SEBI), has appointed Govindayapalli Ram Mohan Rao as Executive Director (ED) of SEBI for a period of three years.
He will handle the Investigation Department and Internal Inspection Department in SEBI headquarters in Mumbai, Maharashtra.
i. Prior to joining SEBI, G Ram Mohan Rao served as Regional Director of the Eastern Regional Office(ERO) of SEBI in Kolkata, West Bengal.
ii. He also served at the Northern Regional Office(NRO) and Serious Fraud Investigation Office (SFIO) in New Delhi, Delhi. - Which of the following points is/are “correct” with respect to the Indian Space Research Organisation (ISRO)’s Aditya-L1 spacecraft, as of January 2023?
A) (ISRO successfully performed the crucial manoeuvre(final manoeuvre) of injecting the Aditya-L1 spacecraft, India’s first space-based observatory-class solar probe to study the Sun, into the halo orbit around Lagrangian point 1 (L1), travelled around 2.1 million kilometres in 75 days.
B) Between 3rd and 15th September 2023, the ISRO Telemetry, Tracking and Command Network (ISTRAC) in Bengaluru, Karnataka, has carried out 4 Earth-Bound Manoeuvres (EBN).
C) Aditya L1 carries 7 payloads to observe the photosphere, chromosphere, and corona (the outermost layers of the Sun) using electromagnetic and particle detectors.
1) All A, B & C
2) Only A & B
3) Only B & C
4) Only A & C
5) Only AAnswer-3) Only B & C
Explanation:
On 6th January 2024, the Indian Space Research Organisation (ISRO) successfully performed the crucial manoeuvre(final manoeuvre) of injecting the Aditya-L1 spacecraft, India’s first space-based observatory-class solar probe to study the Sun, into the halo orbit around Lagrangian point 1 (L1).
Aditya L1 has travelled around 3.7 million kilometres in 126 days to reach L1.
This marks the transition of the Aditya L1 mission from cruise phase to orbit phase.
i. After a flight duration of 63 minutes and 20 seconds, Aditya L1 was successfully injected into an elliptical orbit of 235×19500 km around the Earth.
ii. Polar Satellite Launch Vehicle (PSLV-C57) launched Aditya L1 on 2nd September 2023 from the Satish Dhawan Space Centre in Sriharikota, Andhra Pradesh(AP).
Between 3rd and 15th September 2023, the ISRO Telemetry, Tracking and Command Network (ISTRAC) in Bengaluru, Karnataka, has carried out 4 Earth-Bound Manoeuvres (EBN).
On 30th September 2023, Aditya L1 travelled beyond a distance of 9.2 lakh km from Earth and escaped the sphere of Earth’s influence and began its journey towards L1.
Mission Director: Nigar Shaji, a scientist at the UR Rao Satellite Centre(URSC), part of ISRO, in Bengaluru, Karnataka. Nigar Shaji hails from Tenkasi, Tamil Nadu.
iii. Aditya L1 carries 7 payloads to observe the photosphere, chromosphere, and corona (the outermost layers of the Sun) using electromagnetic and particle detectors.
4 payloads will directly view the Sun and 3 payloads will carry out in-situ studies of particles and fields at the L1. These payloads were indigenously developed in collaboration with various ISRO Centres and Scientific Institutes. - When was the World Day of War Orphans 2024 observed across the globe?
1) 5th January 2024
2) 4th January 2024
3) 6th January 2024
4) 3rd January 2024
5) 2nd January 2024Answer-3) 6th January 2024
Explanation:
World Day of War Orphans 2024 was observed across the globe on 6th January 2024 to raise awareness about the challenges faced by children who have been left orphaned by wars and about the trauma experienced by war orphans globally.
The Day addresses social, psychological, and physical obstacles confronted by war orphans, protects their rights and well-being, and emphasizes the need for global attention and support.
A war orphan is a child or children whose parents or parents died while serving in military duty.
The United Nations Children’s Fund (UNICEF) defines an orphan as any child under 18 who has lost one or both parents to any cause of death.
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