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- In July 2024, Sanjay Seth, Minister of State(MoS) for Defence, launched ___________________, an innovative scheme which aims to offer solutions to problems related to the shipyards in India.
1) EMPS 2024
2) GAINS 2024
3) NFIES
4) DHIS
5) RPTUASAnswer-2) GAINS 2024
Explanation:
On July 10, 2024, Minister of State (MoS) Sanjay Seth, Ministry of Defence (MoD), launched the 2nd edition of the “GRSE Accelerated Innovation Nurturing Scheme (GAINS 2024)” in Kolkata, West Bengal.
i.This innovative scheme by Garden Reach Shipbuilders & Engineers Limited (GRSE) aims to find solutions for shipyard-related problems and promote technology development through Indian start-ups.
ii.GAINS is a national initiative launched by GRSE in 2023 as an open challenge to inspire start-ups and other entities to create innovative solutions.
iii.The themes for GAINS 2024 are same as 2023 edition viz:
Artificial Intelligence (AI) in Shipbuilding
Renewable/Green Energy and Energy Efficiency
Efficiency Enhancement in Shipyard Operations - According to the recently (in July ‘24) released State Bank of India (SBI)’s Economic Research Department (ERD) report, India generated ________ jobs between FY14 (2013-14) and FY23 (2022-23).
1) 125 million
2) 135 million
3) 170 million
4) 181 million
5) 166 millionAnswer-1) 125 million
Explanation:
According to the State Bank of India (SBI)’s Economic Research Department (ERD) based on the Reserve Bank of India(RBI) data, India generated 125 million jobs between FY14 (2013-14) and FY23 (2022-23) against 29 million jobs generated between FY04 and FY14.
i.So, jobs created during FY14-23 are 4.3 times more than the preceding decadal period of FY04-FY14.
ii.Excluding agriculture, the total jobs generated in the manufacturing and services sector increased by 33%, from 66 million jobs during FY04-FY14 to 89 million during FY14-23.
iii.The report highlighted that as of 4th July 2024, nearly 47 million MSMEs registered on Udyam portal, reported 202 million jobs which include 23.2 million jobs by Goods and Services Tax (GST)-exempted informal micro enterprises, saw an increase of 66% from 121 million jobs in July, 2023.
The RBI report underscored that the country added 4.7 million jobs in FY24 which is more than double of what it added in FY23 and the highest figure in 4 decades. - Which state has recently (in July ‘24) become the first state in India to publish the 1st volume of the People’s Biodiversity Register (PBR) across all local bodies?
1) Assam
2) Kerala
3) Uttar Pradesh
4) Karnataka
5) MaharashtraAnswer- 2) Kerala
Explanation:
Kerala was the first State in the country to publish the 1st volume of the People’s Biodiversity Register (PBR) across all local bodies. This document is dynamic, requiring periodic updates on ecosystem details, landscapes, species, and traditional knowledge.
The Kerala state biodiversity board (KSBB) completed the updation of the PBR in 50% of local bodies in the State before the end of 2024.
Thazhakara(Alappuzha) has become the 1st Gram panchayat (GP) in Kerala, and one of the 1st in Kerala to update and publish the 2nd volume of the comprehensive PBR, a document on local biological resources and traditional knowledge, involving the local communities. - Which organisation has recently (in July ‘24) announced the New World Soil Health Index to establish global standards for soil quality assessment?
1) United Nations Environment Programme (UNEP)
2) Food and Agriculture Organization (FAO)
3) International Union for Conservation of Nature (IUCN)
4) United Nations Educational, Scientific and Cultural Organization (UNESCO)
5) World Bank (WB)Answer-4) United Nations Educational, Scientific and Cultural Organization (UNESCO)
Explanation:
The United Nations Educational, Scientific and Cultural Organization (UNESCO) announced the New World Soil Health Index at an International Conference on Soils in Agadir, Morocco to establish global standards for soil quality assessment.
The conference was organised by UNESCO and the Kingdom of Morocco’s National Agency for the Development of Oasis and Argan Zones (ANDZOA), which brought together experts and representatives from over 30 countries.
i.Furthermore to this index, the UNESCO will also launch a Pilot Programme for the sustainable management of soils and landscapes in around 10 natural sites protected under its Biosphere Reserves(BR) programme.
ii.According to the World Atlas of Desertification (WAD), 75% of soils have already degraded, affecting 3.2 billion people.
iii.It is predicted that 90% of the planet’s land surface could be degraded by 2050 if the current scenario continues, which highlights a major threat to global biodiversity and human life. - Which of the following species has been recently (in July 2024) reclassified as endangered from near threatened in the IUCN Red List?
1) Iberian Lynx
2) Asian king vultures
3) Leopards
4) Ibiza wall lizard
5) Great Indian BustardAnswer- 4) Ibiza wall lizard
Explanation:
The Ibiza wall lizard (Podarcis pityusensis) has transitioned to “Endangered” from “Near Threatened” on the International Union for Conservation of Nature (IUCN) Red List of Threatened Species due to 50% population decline since 2010.
i.The population decline is attributed to the invasive horseshoe whip snake (Hemorrhois hippocrepis) in its territory.
ii.According to the IUCN Red List, the reptiles on the Canary Islands have transitioned as follows:
The Gran Canaria giant lizard (Gallotia stehlini) has shifted to Critically Endangered from Least Concern.
The Gran Canaria skink (Chalcides sexlineatus) has moved to Endangered from Least Concern.
The La Gomera giant lizard (Gallotia bravoana) has improved from Critically Endangered to Endangered in the Canary Islands. - Which is the only Indian Non-Banking Financial Company (NBFC) recently (in July 2024) selected for the FATF Mutual Evaluation Report(MER) 23-24?
1) Muthoot Finance limited
2) LIC Housing Finance
3) Bajaj Finance Limited
4) Aadhar Housing Finance Limited
5) Aditya Birla Finance LimitedAnswer-1) Muthoot Finance limited
Explanation:
Muthoot Finance is the only Indian Non-Banking Financial Company (NBFC) selected for the Financial Action Task Force’s (FATF) Mutual Evaluation Report (MER) for the year 2023-24.
Muthoot Finance was the only representative of India’s NBFC segment at the FATF’s onsite evaluation held in New Delhi, Delhi in November 2023.
The mutual evaluation report is an assessment of a country’s measures to combat money laundering and the financing of terrorism and proliferation of weapons of mass destruction.
The MER of India was adopted during the 6th and final Plenary session of the FATF under the Presidency of T. Raja Kumar, was held in Singapore from 26th June to 28th June, 2024. Click here to know more about the FATF Plenary held in June 2024. - According to the Reserve Bank of India’s (RBI) recent(in July ‘24) report, Financial Inclusion Index (FI-Index) increased to __________in FY24 (in March 2024) from 60.1 in FY23 (in March 2023).
1) 47.0
2) 64.2
3) 28
4) 27
5) 50.1Answer-2) 64.2
Explanation:
On 9th July 2024, the Reserve Bank of India (RBI) released its Financial Inclusion Index (FI-Index) which increased to 64.2 in FY24 (in March 2024) from 60.1 in FY23 (in March 2023).
FI-Index captures the extent of financial inclusion across the country.
The improvement in FI-Index is mainly driven by the ‘Usage’ parameter which reflects the deepening of financial inclusion across the country.
It captures information on various factors of financial inclusion in a single value which ranges from 0 to 100.
The index comprises 3 main parameters with variant weightage: Access (35%), Usage (45%), and Quality (20%). - In July 2024, the 16th Finance Commission constituted a 5-Member advisory council and appointed _________ as the convenor of the Council.
1) Vinod Kumar Paul
2) VSK Kaumudi
3) Poonam Gupta
4) Vijay Kumar Saraswat
5) Sumant KathpaliaAnswer-3) Poonam Gupta
Explanation:
On July 9, 2024, the 16th Finance Commission (FC) headed by Arvind Panagariya established an advisory council comprising five eminent members. This council is tasked with advising the Commission on various Terms of Reference (ToR) and related subjects, enhancing its understanding and broadening its scope.
i.The Director General (DG)of the National Council of Applied Economic Research (NCAER), Dr. Poonam Gupta appointed as the convenor of the Advisory Council.
ii.The other 4 members of the council are:
D.K. Srivastava- Chief Policy Advisor at Ernst and Young(EY), London, the United Kingdom(UK).
Neelkanth Mishra– Chief Economist at Axis Bank, Mumbai(Maharashtra).
Pranjul Bhandari– Chief India Economist at HSBC Securities & Capital MarketsIIndia) Private Limited, Mumbai(Maharashtra) and
Rahul Bajoria– Managing Director and Head of Emerging Markets (EM) Asia (ex-China) Economics at Barclays, the UK. - Who has been recently (in July ‘24) appointed as the Principal Advisor at the Union Ministry of Health and Family Welfare (MoHFW) for the National Tuberculosis Elimination Programme (NTEP)?
1) Hima Kohli
2) Soumya Swaminathan
3) Apurva Chandra
4) Jagjit Pavadia
5) Amit GoliaAnswer-2) Soumya Swaminathan
Explanation:
Professor (Dr.) Soumya Swaminathan, the former World Health Organisation (WHO)’s Chief Scientist has been appointed as the Principal Advisor at the Union Ministry of Health and Family Welfare (MoHFW) for the National Tuberculosis Elimination Programme (NTEP). Her appointment is on a pro bono basis.
As a Principal Advisor, she will provide technical advice on the overall strategy for achieving program goals, suggest policy directions and necessary course corrections for optimal results, and advise on research strategy - Which organisation has recently (in July 2024) been named as the Principal Sponsor of the Indian Team at the 2024 Paris Olympics?
1) TATA Group
2) Adani Group
3) Aditya Birla Group
4) Infosys
5) PepsiCoAnswer-2) Adani Group
Explanation:
Gautam Adani, Chairman of the Adani Group, announced that the Adani Group will be the Principal Sponsor of the Indian Team at the Olympic Games Paris 2024, which will take place in Paris, France from July 26 to August 11, 2024.
The Adani Group also launched a campaign with the hashtag #DeshkaGeetAtOlympics.
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