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Current Affairs Quiz:11 July 2024

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  1. With which organisation did the Department of Empowerment of Persons with Disabilities (DEPwD) sign the MoU to empower persons with disabilities?
    1) PTC India Limited
    2)  International Labour Organisation
    3)  Enable Me Access Association
    4) International Disability Alliance
    5) International Development Association
    Answer-3) Enable Me Access Association 
    Explanation:
    The Department of Empowerment of Persons with Disabilities (DEPwD) under the Ministry of Social Justice & Empowerment (MSJE) signed 2 significant Memoranda of Understanding (MoUs), under the guidance of Rajesh Aggarwal, Secretary, DEPwD, to empower persons with disabilities (Divyangjan).
     The 1st MoU was signed between DEPwD and the “Enable Me” Access Association (EMA),and
     The 2nd MoU was signed between the Indian Sign Language Research and Training Center (ISLRTC) and YUNIKEE.
     With these MoUs, DEPwD aims to create an inclusive environment, ensuring equal opportunities in education, employment, and social life for Divyangjan.

  2. Which organisation has recently (in July ‘24) launched an online platform named  ‘Medical Devices Information System’ (MeDevIS)?
    1) Quality Council of India
    2) International Institute of Health Management Research
    3) World Health Organization
    4) National Medical Commission
    5) Pharmacy Council of India
    Answer-3) World Health Organization
    Explanation:
    The World Health Organization (WHO) has launched the ‘Medical Devices Information System’ (MeDevIS), an innovative online platform serving as the first global open-access resource for information on medical devices.
     The MeDevIS platform began operational in March 2024 to facilitate consultation with WHO Member States. It was made available to the public through on July 8 2024.
     WHO has created the first worldwide repository for medical devices, relying on its experience with the WHO Priority Medical Devices List (MDL) and the WHO Essential Medicines List (EML).
     The EML, which will celebrate its 50th anniversary in 2025.

  3. Which country topped the list of the most affordable countries for expatriates or immigrants as per the ‘Expat Insider 2024 Survey for the Personal Finance Index category’ conducted by InterNations?
    1) Norway
    2) Vietnam
    3) United States of America
    4) Singapore
    5) United Kingdom
    Answer-2) Vietnam
    Explanation:
    According to the Expat Insider 2024 Survey, for the Personal Finance Index category conducted by InterNations, Vietnam topped the list of most affordable countries for expatriates or immigrants for 4th consecutive term as 86% of expats in the country rated the cost of living positively, 65% are satisfied with the financial situation and 68% considered their household income comfortable enough for survival.
     While India was ranked at 6th spot among the top 10 most affordable countries for immigrants in the list.
     Colombia, a Latin American country has improved its ranking from 7th (in 2023) to 2nd position (2024), followed by Indonesia and Panama ranked at 3rd and 4th position in the list respectively.

  4. Which bank has recently (in July ‘24) introduced a new security mechanism ‘Safety Ring’ within its Internet Banking System (IBS) and Mobile Banking System (MBS)?
    1) IndusInd Bank
    2) Bank of Baroda
    3) Axis Bank
    4) Punjab National Bank
    5) HDFC Bank
    Answer-4) Punjab National Bank
    Explanation:
    Punjab National Bank (PNB), India’s leading Public Sector Bank (PSB) has introduced a new security mechanism ‘Safety Ring’ within its Internet Banking System (IBS) and Mobile Banking System (MBS) in response to the increasing number of cyber frauds.
    i.Safety Ring is an optional mechanism which allows customers to set daily transaction limitations with respect to Term Deposits (TDs) on online closure or availing overdraft facility on TDs up to the stated limit amount.
    ii.It provides an additional security to reduce losses from the unauthorised access
    iii.The customers can set the Safety Ring limit via branches or online using IBS/MBS.

  5. Name the mutual fund that has recently (in July ‘24) launched India’s First Oil & Gas Exchange-Traded Fund (ETF).
    1) Mirae Asset Mutual Fund
    2) ICICI Prudential Mutual Fund
    3) SBI Mutual Fund
    4) Tata Mutual Fund
    5) HDFC Mutual Fund
    Answer-2) ICICI Prudential Mutual Fund
    Explanation:
    ICICI Prudential Mutual Fund (MF) has introduced India’s first Exchange-Traded Fund (ETF) focused on the oil and gas sector, named the ICICI Prudential Nifty Oil & Gas ETF. This open-ended ETF will tracks the Nifty Oil & Gas Total Return Index (TRI) Index, which reflect the performance of companies within the sector.
     The public subscription for this scheme began July 8, 2024, and will close on July 18, 2024. Following this period, the scheme will re-open for continuous sale and repurchase within five days from the date of allotment.
     It should be noted that the scheme carries a very high risk rating, and there is no assurance or guarantee that the scheme’s investment objective will be achieved.

  6. Which bank has recently (in July ‘24) entered into a Bancassurance partnership with Bajaj Allianz Life Insurance Company Limited?
    1) Jana Small Finance Bank
    2) Federal Bank
    3) ESAF Small Finance Bank
    4) YES Bank
    5)  RBL Bank
    Answer-2) Federal Bank
    Explanation:
    On 8th July 2024, Federal Bank Limited, a leading private sector bank in India announced that it has entered into a strategic Bancassurance partnership with Bajaj Allianz Life Insurance Company Limited, a private life insurer.
     This strategic partnership will enable the customers of Federal Bank to easily access the wide range of value-packed, customized life insurance products from Bajaj Allianz across the Bank’s extensive network in India.
     Aim: To give boost to the combined strengths of Bajaj Allianz Life Insurance and Federal Bank and is in complete alignment with both the companies’ strategic targets and growth plans. It will further promote insurance penetration and market expansion.

  7. Who has been recently (in July ‘24) appointed as the new Head Coach of the India Cricket Team (Senior Men) up to 2027?
    1) Rahul Dravid
    2) Yuvraj Singh
    3) Gautam Gambhir
    4) Dinesh Karthik
    5) Ravi Shastri
    Answer-3) Gautam Gambhir
    Explanation:
    Jay Shah, Secretary of the Board of Control for Cricket in India (BCCI) announced that the former India opener Gautam Gambhir has been appointed as the new Head Coach of the India Cricket Team (Senior Men) until the end of 2027.
     His appointment was recommended by the Cricket Advisory Committee (CAC) comprising Ashok Malhotra, Jatin Paranjpe, and Sulakshana Naik.
     Gautam replaces Rahul Dravid, whose term ended after the International Cricket Council (ICC) T20 World Cup, 2024.
     Gambhir’s mentorship with Kolkata Knight Riders (KKR) in 2024 helped the team win its third Indian Premier League (IPL) title.

  8. Name the Indian player who recently (in July ‘24) won the men’s singles titles at the Saint-Denis Reunion Open 2024.
    1) Sathiyan Gnanasekaran
    2) Shyam Nikhil
    3) Suhas Lalinakere Yathiraj
    4) Tharun Mannepalli
    5) Kiran George
    Answer-4) Tharun Mannepalli
    Explanation:
    Indian badminton players Tasnim Mir and Tharun Mannepalli won the women’s and men’s singles titles at the Saint-Denis Reunion Open 2024 (3rd Edition) held from 3rd to 7th July 2024 in Saint-Denis, the capital of the French overseas département of Réunion in the Western Indian Ocean and region of France.
     In the Men’s Singles Title, Tharun Mannepalli defeated Yudai Okimoto of Japan.
     In the Women’s Singles Title, Tasnim Mir won by defeating compatriot(from India) Rakshitha Sree in the finals.
     Meanwhile in the men’s doubles, the duo of Prakash Raj and Gouse Shaik was defeated by Julien Maio and William Villeger of France and secured the runner -up position.

  9. When was National Fish Farmer’s Day annually observed across India?
    1) March 3
    2) May  2
    3) February 17
    4) July 10
    5) June 21
    Answer-4)  July 10
    Explanation:
    The National Fish Farmer’s Day (NFFD) is annually observed across India on 10 July to appreciate the contributions of fish farmers, aquaculture professionals, and stakeholders, underscoring their commitment to sustainable aquaculture. 10 July 2024 marks the observance of the 24th NFFD.i.10 July also marks the observance of the National Fisheries Development Board (NFDB) Foundation Day.
     NFDB was established in 2006 and 10 July 2024 marks the observance of the 18th NFDB Foundation Day.Click here to read more

  10. In July 2024, the Global Rating Agency, Moody kept India’s economic growth forecast unchanged at ________ for 2024.
    1) 6.8%
    2) 6.6%
    3) 6.7%
    4) 7.1%
    5) 7.4%
    Answer-1) 6.8%
    Explanation:
    Global Rating Agency, Moody has announced that it has kept India’s economic growth forecast unchanged at 6.8% for 2024. It projected that Indian economy to grow at 6.5% for 2025.
    Note: In March 2024, Moody’s released a report “Global Macro Outlook 2024” and has revised India’s GDP from 6.1% to 6.8%.
    i.Moody’s predicts that inflation in India will decrease to 5.2% in 2024 and 4.8% in 2025 from 5.7% in 2023.
    ii.According to Moody’s Rating, increasing domestic and international demand boosts the Gross Domestic Product (GDP) growth in Emerging Markets (EMs).
    iii.So, it has revised its aggregate EM forecast to 3.9% for 2024 and 2025, to show the faster-than-expected growth in some of the largest EM economies in 1st half of 2024.