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- Which of the following points is/are ‘correct’ with respect to the approval of the Union Cabinet and Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi on 6th December 2024?
A) Union Cabinet has approved the 26.463 kilometer (km) long Rithala-Narela-Nathupur (Kundli) corridor of the Delhi Metro’s Phase-IV project, to improve connectivity between Delhi and Uttar Pradesh.
B) Cabinet Committee on Economic Affairs (CCEA) approved the establishment of 28 new Navodaya Vidyalayas (NVs) in the uncovered districts of the country under the Navodaya Vidyalaya Scheme, a Central Sector Scheme (CSS).
C) CCEA has approved the setting up of 85 new Kendriya Vidyalayas (KVs) under the civil/defence sector across the country and expansion of existing KV Shivamogga located at Shivamogga district in Karnataka.
D) Ministry of Environment, Forest and Climate Change has approved the release of Rs 944.80 crore to the state government of Tamil Nadu (TN) as share of central government from the State Disaster Response Fund (SDRF) to help the people affected by cyclone “Fengal” on 30th November 2024.
1) Only A, B C
2) Only A, C & D
3) Only B & C
4) Only A & D
5) All A, B, C & DAnswer-3) Only B & C
Explanation:
On December 6 2024, the Union Cabinet and Cabinet Committee on Economic Affairs chaired by Narendra Modi, Prime Minister (PM) of India has approved:
The Union Cabinet has approved the 26.463 kilometer (km) long Rithala-Narela-Nathupur (Kundli) corridor of the Delhi Metro’s Phase-IV project, to improve connectivity between the national capital, Delhi and its neighbouring state, Haryana.
The estimated cost of the entire project is Rs 6,230 crore and is expected to be completed in 4 years from the date of its approval.
The Cabinet Committee on Economic Affairs (CCEA) approved the establishment of 28 new Navodaya Vidyalayas (NVs) in the uncovered districts of the country under the Navodaya Vidyalaya Scheme, a Central Sector Scheme (CSS).
The total estimated cost required for the setting up of these NVs is Rs 2,359.82 crore spread over a period of 5 years from 2024-25 to 2028-29.
The CCEA has approved the setting up of 85 new Kendriya Vidyalayas (KVs) under the civil/defence sector across the country and expansion of existing KV Shivamogga located at Shivamogga district in Karnataka to provide increased number of central government employees by adding two new sections in all the classes under Kendriya Vidyalaya Scheme, CSS.
The total estimated cost required for the setting up of these new KVs and expansion of 1 existing nearby KV is nearly Rs 5872.08 crore spread over a period of 8 years from 2025-26.
The Ministry of Home Affairs (MHA) has approved the release of Rs 944.80 crore to the state government of Tamil Nadu (TN) as share of central government from the State Disaster Response Fund (SDRF) to help the people affected by cyclone “Fengal” on 30th November 2024. Click here to read more. - Union Minister Pralhad Joshi has recently (in December ‘24) launched 2 pivotal initiatives ‘Anna Chakra’ and the ‘SCAN (Subsidy Claim Application for National Food Security Act (NFSA) portal’ in New Delhi, Delhi.
Which organisation has developed the Anna Chakra portal in collaboration with the Ministry of Consumer Affairs, Food and Public Distribution and Foundation for Innovation and Technology Transfer (FITT), Indian Institutes of Technology (IIT) Delhi?
1) World Food Programme
2) Food Corporation of India
3) United Nations Environment Programme
4) Food Safety and Standards Authority of India
5) Food and Agriculture Organization of the United NationsAnswer-1) World Food Programme
Explanation:
On December 5 2024, Union Minister Pralhad Joshi, Ministry of Consumer Affairs, Food and Public Distribution (MoCAF&PD) and Ministry of New and Renewable Energy(MNRE), launched 2 pivotal initiatives ‘Anna Chakra’, a Public Distribution System (PDS) supply chain optimization tool and the ‘SCAN (Subsidy Claim Application for National Food Security Act (NFSA) portal’ in New Delhi(Delhi).
These initiatives, led by the Department of Food Public Distribution (DFPD) under the MoCAF&PD, are set to modernize the PDS and streamline subsidy claims, marking a significant milestone in India’s food security framework.
‘Anna Chakra’ is designed to optimize the logistics network of the PDS, a system that serves as the backbone for providing food security to over 81 crore beneficiaries.
It was developed by the MoCAF&PD in collaboration with the World Food Programme (WFP) and the Foundation for Innovation and Technology Transfer (FITT), Indian Institutes of Technology (IIT) Delhi, New Delhi(Delhi) in which the tool employs advanced algorithms to identify the most efficient routes for the movement of food grains across various supply chain nodes.
The SCAN portal is a single window platform that simplifies the process of subsidy claim submission, scrutiny and approval of subsidy claims under the National Food Security Act (NFSA) 2013.
This portal automates the end-to-end workflow, ensuring timely disbursement and minimizing delays in subsidy release. - Which organisation has recently (in November ‘24) organised the “GI & Beyond 2024” Summit in New Delhi, Delhi in collaboration with the Office of the Development Commissioner for Handlooms, Ministry of Textiles?
1) Cotton Textiles Export Promotion Council
2) Council for Leather Exports
3) Powerloom Development & Export Promotion Council
4) Export Promotion Council for Handicrafts
5) Handloom Export Promotion CouncilAnswer-5) Handloom Export Promotion Council
Explanation:
On November 25 2024, the Office of the Development Commissioner for Handlooms, Ministry of Textiles, in partnership with the Handloom Export Promotion Council (HEPC) has successfully organised the “GI & Beyond 2024” Summit at The Oberoi, New Delhi (Delhi), where Indian artisans showcased India’s Geographical Indication (GI) tagged handloom and handicraft products manufactured by them to the global stage.
This one-day summit was inaugurated by the Union Minister Giriraj Singh, Ministry of Textiles (MoT).
While addressing the event, he highlighted the significance of GI products which have played a pivotal role in promoting India’s rich cultural heritage and invited attention of the gathering on the attractive tourism concepts like heritage and cultural tourism for marketing of GI goods.
During the event, Union Minister Giriraj Singh distributed new GI certificates to 10 artisans from various parts of the country.
The event had the representation from 13 countries spread across 4 continents and saw the participation of around 20 overseas buyers, 50 exporters & MNCs, 70 GI authorised users and 40 officials from various departments including the state governments.
In November 2024, Union MoS Pabitra Margherita, MoT inaugurated the Diamond Jubilee celebrations of World Crafts Forum in New Delhi, Delhi. Click here to read more. - Union Minister Shivraj Singh Chouhan has recently (in November ‘24) launched the 3rd edition of “Nayi Chetna-Pahal Badlaav Ki”, a nationwide campaign against ______________________ in New Delhi(Delhi).
1) Drug Abuse
2) Corruption
3) Child Labor
4) Gender Based Violence
5) Human TraffickingAnswer-4) Gender Based Violence
Explanation:
On November 25 2024, Shivraj Singh Chouhan, Minister of Rural Development (MoRD) and Minister of Agriculture & Farmers’ Welfare (MoA&FW) launched the 3rd edition of “Nayi Chetna-Pahal Badlaav Ki”, a nationwide campaign against gender based violence in New Delhi(Delhi). The campaign’s slogan, “Ek Saath, Ek Awaaz, Hinsa Ke Khilaaf,” calls for collective action against violence.
He also inaugurated 227 new Gender Resource Centers across 13 states. These centres provide survivors of gender-based violence with safe spaces to access information, report incidents, and receive legal assistance.
The Nayi Chetna-3 was organized by the Deendayal Antyodaya Yojana-National Rural Livelihoods Mission (DAY-NRLM) under the Ministry of Rural Development(MoRD). It will run until December 23, 2024 across all States and Union Territories (UT).
The campaign aims to raise awareness, encourage community action, and provide support systems for survivors of gender based violence.
The first edition reached 3.5 crore people with support from multiple ministries, while the second edition engaged 5.5 crore participants across 31 states and union territories. It included over 9 lakh awareness activities addressing gender-based violence conducted nationwide. - Which infantry battalions have been recently (in November ‘24) awarded the “President’s Colours” from General Upendra Dwivedi, Chief of Army Staff (COAS)?
1) Light infantry
2) Naval infantry
3) Airborne infantry
4) Mechanized infantry
5) Mountain infantryAnswer-4) Mechanized infantry
Explanation:
In November 2024, General Upendra Dwivedi, Chief of Army Staff (COAS) awarded the “President’s Colours” to 4 battalions of the Mechanised Infantry at a ceremony held at the Mechanised Infantry Centre and School (MIC&S) in Ahilyanagar (earlier known as Ahmednagar), Maharashtra.
The 26th and 27th Battalions of the Mechanised Infantry Regiment along with the 20th and 22nd Battalions of the Brigade of the Guards received this honour in recognition of their exemplary service and commitment to the nation.
The President’s Colours, a symbolic flag representing a unit’s achievements acknowledge the battalions’ distinguished performance in key operations such as Op Pawan, Op Vijay, Op Rakshak, Op Snow Leopard and UN (United Nations) peacekeeping missions.
The President’s Colour Award, also known as the “Nishaan,” is the highest honor that can be conferred upon a military unit in India.
It is a prestigious emblem worn by all unit officers on the left sleeve of their uniform symbolizing exceptional service and distinction. - In December 2024, United Nations Educational, Scientific and Cultural Organization (UNESCO) officially recognized the traditional Japanese Sake-Making process as ___________________ of Humanity, honoring a brewing practice that spans over a thousand years.
1) Intangible Cultural Heritage
2) Tangible Cultural Heritage
3) Digital Heritage
4) Natural Heritage
5) Tangible Immovable HeritageAnswer-1) Intangible Cultural Heritage
Explanation:
On December 4 2024, the United Nations Educational, Scientific and Cultural Organization (UNESCO) officially recognized the traditional Japanese Sake-Making process as an Intangible Cultural Heritage (ICH) of Humanity, honoring a brewing practice that spans over a thousand years.
The decision was made at a UNESCO meeting in Luque, Paraguay, where the organization also recognized 45 other cultural practices and products from around the world, such as Brazilian white cheese, Caribbean cassava bread, and Palestinian olive oil soap.
This recognition is seen as an important step in revitalizing Sake’s popularity, both in Japan and globally, while also strengthening Japan’s cultural identity and export economy.
Japanese officials are working to revitalize Sake’s reputation, aiming to position it as the country’s leading alcoholic beverage once again.
Sake brewing is a meticulous craft, brewed in centuries-old mountaintop warehouses through a simple yet intricate process. The primary ingredients, Japanese rice, water, yeast, and koji (a rice mold), are combined and transformed through a detailed, two-month-long process.
To be classified as true Japanese Sake, the rice used must be grown in Japan. This requirement ensures the authenticity of the drink and highlights its deep connection to Japan’s agricultural traditions. - In November 2024, Under Section (11) of the SEBI Act, 1992, the Securities and Exchange Board of India (SEBI) released a circular, granting the SEBI to protect investor interests, regulate the securities market, and promote its development.
The interoperability for cash, derivatives, and interest rate derivatives will come into effect from _______________.
1) January 1, 2025
2) March 1, 2025
3) April 1, 2025
4) June 1, 2025
5) August 1, 2025Answer-3) April 1, 2025
Explanation:
In November 2024, the Securities and Exchange Board of India (SEBI) issued a circular under Section (11) of the SEBI Act, 1992, which empowers the SEBI to protect investor interests, regulate the securities market, and promote its development.
Through this circular, SEBI has outlined a comprehensive Business Continuity Plan (BCP) for interoperability of stock exchanges and clearing corporations to address the issue of trading outages or glitches.
The interoperability for cash, derivatives, and interest rate derivatives will come into effect from April 1, 2025.
SEBI has mandated the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) to act as a backup to each other, in case of any trading outage.
Both the stock exchanges are required to submit the aforesaid SOP to SEBI within 60 days from the date of the circular.
In case of an outage, the affected exchanges are required to inform SEBI within 75 minutes of the occurrence and invoke BCP. The alternative trading venue will implement a continuity plan within 15 minutes of such intimation.
The stock exchange which does not have a highly correlated index derivatives product available on the other, then the exchange may create such an index and introduce derivatives contracts on the same. Click here to read more. - Which bank has recently (in November ‘24) approved a USD 350 million Policy Based Loan (PBL) to aid the Government of India (GoI) in strengthening and modernizing the country’s logistics sector?
1) World Bank
2) Asian Development Bank
3) European Investment Bank
4) New Development Bank
5) Japan Bank for International CooperationAnswer- 2) Asian Development Bank
Explanation:
On December 6 2024, the Asian Development Bank (ADB) approved a USD 350 million Policy Based Loan (PBL) to aid the Government of India (GoI) in strengthening and modernizing the country’s logistics sector.
This funding supports the 2nd subprogram of the Strengthening Multimodal and Integrated Logistics Ecosystem Program (SMILE) which is aimed at enhancing India’s economic competitiveness.
It builds on the reforms of the first subprogram which focused on institutionalizing policies for better interagency coordination and standardizing processes to attract private sector investment.
The GoI has launched strategic policies including the Prime Minister Gati Shakti-National Master Plan (PMGS-NMP) and the National Logistics Policy (NLP).
This initiative focuses on creating a comprehensive policy, planning and institutional framework at the federal, state and city levels to improve logistics.
The transformation was expected to reduce logistics costs, increase efficiency, create job opportunities and promote gender inclusion, all of which will contribute to sustainable economic growth.
With India’s export growth increasing significantly from USD 48.5 billion in 2000 to USD 467.5 billion in 2022, the government’s aim is to reach USD 2 trillion in goods and services exports by 2030. - Who has been recently (in December ‘24) appointed as the 26th Governor of the Reserve Bank of India (RBI) replacing Shaktikanta Das and his tenure starts on December 11, 2024 for a period of 3 years?
1) Challa Sreenivasulu Setty
2) Dinesh Kumar Khara
3) Raghuram Rajan
4) Vikash Sharma
5) Sanjay MalhotraAnswer-5) Sanjay Malhotra
Explanation:
On December 09 2024, the Government of India (GoI) appointed Sanjay Malhotra, Revenue Secretary, Ministry of Finance (MoF) as the new Governor of the Reserve Bank of India (RBI). He replaced Shaktikanta Das (2nd longest serving RBI Governor) and became the 26th Governor of RBI.
The appointment was approved by the Appointments Committee of the Cabinet (ACC) and was notified by the Department of Personnel and Training (DoPT), Ministry of Personnel, Public Grievance and Pension (MoP) .
His tenure starts on December 11, 2024 for a period of 3 years.
He is a former Secretary in the Department of Financial Services (DFS), and was widely recognized for his leadership in steering the Life Insurance Corporation of India (LIC)’s landmark Rs 21,000 crore Initial Public Offering (IPO) and advancing significant public sector banking reforms.
His tenure as Additional Secretary in the Ministry of Power (MoP) led efforts on the Rs 3 lakh crore power distribution reforms.
Roles and Responsibilities of the RBI Governor: The Governor is responsible for formulating and implementing monetary policies aimed at controlling inflation and promoting economic growth to ensure monetary stability.
The Governor manages the issuance of licenses for new foreign and private banks, thereby regulating the banking sector in India.
The Governor is responsible for the circulation, issuance, and withdrawal of currency notes, ensuring a stable currency supply. - Which defence company has recently (in December ‘24) delivered its second Drishti-10 Starliner surveillance drone to the Indian Navy (IN) at the Porbandar base in Gujarat?
1) Airbus Defence and Space
2) Kadet Defence Systems Limited
3) Flying Wedge Defence and Aerospace
4) Adani Aerospace and Defence Limited
5) Hindustan Aeronautics LimitedAnswer-4) Adani Aerospace and Defence Limited
Explanation:
Adani Aerospace and Defence Limited, defence subsidiary of Adani Enterprises Limited(AEL), delivered its second Drishti-10 Starliner surveillance drone to the Indian Navy(IN) at the Porbandar base in Gujarat, marking a significant milestone in India’s defense capabilities.
The Drishti-10, a variant of Israel’s Hermes 900 medium altitude long endurance Unmanned Aerial Vehicle (UAV) enhances the country’s maritime monitoring efforts especially in combating piracy and safeguarding strategic sea routes.
In January 2024, the IN received the first Drishti-10 Starliner drone. These drones will monitor the western border marking progress in India’s unmanned defense technology.
The Drishti-10 Starliner, was manufactured at Adani Defence and Aerospace’s Hyderabad facility, is a cutting edge intelligence, surveillance and reconnaissance platform.
It is India’s only indigenous UAV that can operate reliably above 32,000 feet with a large payload carrying capacity and distinctively long endurance.
The drone’s advanced capabilities include fully autonomous functions and satellite communication (Satcom) based operations which support the IN in monitoring and securing critical sea lanes.
The Drishti-10 also marks a historic first with India now possessing the capability to integrate advanced payloads on a Medium Altitude Long Endurance (MALE) platform.
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