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Current Affairs Quiz: 7 October 2022

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    1. The Ministry of Finance recently (in Oct ‘22) modified the Emergency Credit Line Guarantee Scheme (ECLGS) by increasing the loan limit to ________ from Rs 400 crore for the Aviation Sector.
      1) Rs. 600 crore
      2) Rs. 1000 crore
      3) Rs. 800 crore
      4) Rs. 2000 crore
      5) Rs. 1500 crore
      Answer & Explanation
      Answer-5) Rs. 1500 crore
      The Department of Financial Services (DFS), under the Ministry of Finance, modified the Emergency Credit Line Guarantee Scheme (ECLGS) and increased the loan limit to Rs. 1500 crore from Rs. 400 crore to help the aviation sector over cash-flow problems.
      i. According to modified ECLGS, an airline would be eligible for 100 percent of its fund- based or non-fund-based loan outstanding or Rs. 1,500 crore, whichever is lower.
      • Earlier, the sector was allowed to borrow up to 50 percent of their highest fund-based credit outstanding or Rs. 400 crore per borrower, whichever is lower.
      ii. The other criteria, terms and condition parameters prescribed under the operational guidelines of the ECLGS on 30th August 2022, will be applicable.

    2. Name the bank that launched a special campaign “UTSAV 2022-23” for home loans, car loans, and gold loans from 1st October 2022 to 31st December 2022.
      1) HDFC Bank
      2) South Indian Bank
      3) RBL Bank
      4) Karnataka Bank
      5) ICICI Bank
      Answer & Explanation
      Answer-4) Karnataka Bank
      Karnataka Bank Limited (KBL) launched a Special campaign “KBL UTSAV 2022-23” for Home loans, Car loans and Gold loans from 01 October 2022 to 31 December 2022 to cater to the festive demands.
      i. The customers can avail Home, Car and Gold loans with attractive interest rates, reduction in processing charges for Car & Gold loans, nil processing charges for Home loan, apart from other benefits across all its 880 Branches.

    3. In October 2022, the World Trade Organization (WTO) reduced its forecast for the growth of global trade volume to _______ from 3.4% in 2023.
      1) 1.5%
      2) 3.1%
      3) 2.9%
      4) 2.5%
      5) 1%
      Answer & Explanation
      Answer-5) 1%
      The World Trade Organization (WTO) has drastically reduced its forecast for the growth of global trade volume in 2023 from 3.4% to 1%, citing escalating downside risks.
      i. The WTO, on the other hand, raised its projection for 2022 merchandise trade growth to 3.5% from 3% in April 2022.
      ii. As multiple shocks weigh on the global economy, global trade is forecasted to lose momentum in the second half of 2022 and remain modest in 2023.
      iii. In the second quarter (Q2), merchandise exports from the Commonwealth of Independent States (CIS) region declined 10.4% quarter on quarter, while imports fell 21.7%.

    4. Name the personalities from India who were recently (in Oct ‘22) named as the FIH Men’s and Women’s Goalkeepers of the Year 2021-22 respectively.
      1) Harmanpreet Singh & Savita Punia
      2) Suraj Karkera & Namita Toppo
      3) PR Sreejesh & Savita Punia
      4) Harmanpreet Singh & Namita Toppo
      5) PR Sreejesh & Navjot Kaur
      Answer & Explanation
      Answer-3) PR Sreejesh & Savita Punia
      The International Hockey Federation (FIH) has named India’s men’s and women’s hockey goalkeepers PR Sreejesh and Savita Punia as the FIH Goalkeepers of the Year 2021-22 in their respective categories in FIH Hockey Stars Awards 2021-22.
      i. Sreejesh got 39.9 total points in the voting, followed by Belgium’s Loic van Doren (26.3 points) and Netherlands’ Primin Blaak (23.2 points).
      ii. Savita finished on top with 37.6 points in voting, followed by Belén Succi from Argentina in 2nd position with 26.4 and Australia stalwart Jocelyn Bartam with 16 points in 3rd position.

    5. In October 2022, the 136 feet tall ‘Durga Puja pandal’ is set to enter the Guinness Book as world’s tallest pandal.
      In which city, the 136 feet tall Durga Puja pandal is located?

      1) Dhanbad, Jharkhand
      2) Kolkata, West Bengal
      3) Rourkela, Odisha
      4) Lucknow, Uttar Pradesh
      5) Gaya, Bihar
      Answer & Explanation
      Answer-4) Lucknow, Uttar Pradesh
      The 136 feet tall Durga Puja pandal, situated in Jankipuram, Lucknow, Uttar Pradesh (UP) is to be certified by Guinness Book as the World’s tallest ever pandal.
      i. Lucknow Durga Puja pandal will overpowered Kolkata’s 125 feet tall pandal, which held the current title of being the world’s tallest pandal.
      ii. The pandal is a replica of the under-construction Chandrodaya temple of Vrindavan (Mathura), UP which is built to be one of the tallest religious monuments in the world with a height of above 700-ft and spread over 5,40,000 sq feet area.
      iii. The pandal was built by the Utsav Puja Committee, which is also celebrating the Puja for the last 28 years.

    6. Who was recently (in Oct ‘22) appointed as the 37th Director General (DG) of Central Reserve Police Force (CRPF)?
      1) Kumar Rajesh Chandra
      2) Sujoy Lal Thaosen
      3) Surjeet Singh Deswal
      4) Gopal Sharma
      5) Arun Chaudhary
      Answer & Explanation
      Answer-2) Sujoy Lal Thaosen
      Sujoy Lal Thaosen, Indian Police Service (IPS) officer of 1988 batch Madhya Pradesh cadre, was appointed as 37th Director General (DG) of Central Reserve Police Force (CRPF).
      i. He will hold the post until his superannuation on November 30, 2023, or till further orders, whichever is earlier. The post was vacated with the superannuation of 1986-batch IPS officer Kuldiep Singh on September 30, 2022.
      ii. The approval was given by the Appointment Committee of the Cabinet (ACC) headed by the Prime Minister (PM).
      iii. Prior to this appointment, Sujoy Lal Thaosen was holding charge of Director General of Sashastra Seema Bal (SSB) as well as the additional charge of Indo-Tibetan Border Police (ITBP) chief.

    7. Kishore Kumar Poludasu was recently (in Oct ‘22) appointed as the Managing Director (MD) & Chief Executive Officer (CEO) of which insurance company?
      1) Bharti AXA General Insurance
      2) SBI General Insurance
      3) Aditya Birla General Insurance
      4) Bajaj Allianz General Insurance
      5) Edelweiss General Insurance
      Answer & Explanation
      Answer-2) SBI General Insurance
      State Bank of India (SBI) General Insurance Company Limited, a subsidiary of SBI has appointed Kishore Kumar Poludasu as its new Managing Director & Chief Executive Officer (MD & CEO) with effect from 4th October 2022.
      i. The parent company, State Bank of India nominated Kishore Kumar Poludasu for the new MD &CEO position.
      About State Bank of India (SBI) General Insurance Company Limited:
      Headquarters- Mumbai, Maharashtra
      Establishment- 2009

    8. In October 2022, the National Aeronautics and Space Administration (NASA) found new evidence for the possible existence of liquid water on Mars using MRO.
      In MRO, what does ‘R’ stand for?

      1) Rover
      2) Radiation
      3) Radar
      4) Reconnaissance
      5) Radium
      Answer & Explanation
      Answer-4) Reconnaissance
      The National Aeronautics and Space Administration (NASA) found new evidence for the possible existence of liquid water beneath the south polar ice cap of Mars using NASA’s Mars Reconnaissance Orbiter (MRO).
      i. The satellite has an ice-penetrating radar called MARSIS, through which the southern ice cap of Mars was penetrated and found an area of liquid water beneath the ice cap with strongly reflected radar signal.
      ii. Like Earth, Mars also has thick water ice caps at both north and south poles, that is roughly equivalent to the Greenland Ice Sheet.
      iii. Mars Reconnaissance Orbiter (MRO) was launched in 2006 to study the Mars atmosphere and also serves as a key data relay station for other Mars missions.

    9. In which city, the Defence Research and Development Organisation (DRDO) tested Unmanned Remote-Controlled Weaponised Boats in October 2022?
      1) Junagadh, Gujarat
      2) Pune, Maharashtra
      3) Chandipur, Odisha
      4) Visakhapatnam, Andhra Pradesh
      5) Chennai, Tamil Nadu
      Answer & Explanation
      Answer-2) Pune, Maharashtra
      The Defence Research and Development Organisation (DRDO) tested three remotely unmanned, weaponized boats at Bhama Askhed Dam in Pune, Maharashtra. These were tested with no man on the vessel.
      i. These boats were developed by DRDO in collaboration with Sagar Defence Engineering, a defence production start-up.
      ii. The boats are used for surveillance purposes, patrols, and reconnaissance of overall maritime security with an endurance of about 4 hours. The boat is also mounted with a weapon system in case of any insurgency.

    10. Who co-authored the book, “Against All Odds: The IT story of India” along with N Dayasindhu & Krishnan Narayanan?
      1) Kris Gopalakrishnan
      2) Shantanu Narayen
      3) Arjun Malhotra
      4) Shiv Nadar
      5) Arvind Krishna
      Answer & Explanation
      Answer-1) Kris Gopalakrishnan
      A new book titled “Against All Odds: The IT story of India”, co-authored by Infosys co-founder S. ‘Kris’ Gopalakrishnan, N Dayasindhu & Krishnan Narayanan, co-founders of itihaasa Research and Digital, and Published by Penguin Random House India (PRHI).
      i. The book provides an insider’s account and an anecdote-rich history of Indian IT (Information Technology) for over the last 60 years.
      ii. It highlights the experiences of Indian industrialists who built and shaped the Indian IT sector.

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