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Current Affairs Quiz:15 June 2024

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  1. Which Organisation has recently (June 2024) launched the “AIM-ICDK Water Challenge 4.0” and the 5th edition of “Innovations for You” aims to foster innovation and sustainability in India.
    1) National Council of Applied Economic Research
    2) Economic Advisory Council to the Prime Minister
    3) 16th Finance Commission
    4) NITI Aayog
    5) Central Water Commission
    Answer & Explanation
    Answer- 4) NITI Aayog
    On 10th June 2024, National Institution for Transforming India (NITI Aayog) launched the “AIM-ICDK Water Challenge 4.0” and the 5th edition of “Innovations for You” under its flagship program, Atal Innovation Mission (AIM).
    • It is the 4th edition of the open innovation water challenge. AIM developed this initiative in partnership with the Innovation Centre Denmark (ICDK) at the Royal Danish Embassy in India.
    • It aims to address the critical water-related challenges through innovative solutions. The Water Challenge encompasses the 5 S’s in the Green Strategic Partnership between India and Denmark – Skills, Scale, Scope, Sustainability, and Speed.
    About 5th edition of Innovations for You:
    It is a coffee table book series which highlights the endeavours of Sustainable Development Goal (SDG) Entrepreneurs in India. It features 60 entrepreneurs from various parts of India, each contributing towards the betterment of society through sustainable solutions.
    • These startups focus primarily on areas like: recyclable and renewable materials, green energy, inclusive education, and advocacy for underrepresented communities and local artisans.

  2. Which Bank has recently in June 2024, launched a scheme to provide financial loans to Doctors and various deposit accounts for Non-Resident Indians(NRI)?
    1) Bank of Maharashtra
    2) Canara Bank
    3) Kotak Mahindra Bank
    4) IndusInd Bank
    5) Yes Bank
    Answer & Explanation
    Answer-1) Bank of Maharashtra
    Bank of Maharashtra (BoM) introduced MAHA-DOC scheme which is designed specifically to provide financial solutions for Doctors.
    • Under the scheme, medical professionals can avail loans up to Rs 25 crores. The scheme has provision to provide loans up to Rs 5 crore covered under Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).
    • Bank of Maharashtra (BoM) also provides Non-Resident Indian (NRI) Banking solutions in the form of various deposit accounts, namely Non-Resident External (NRE) , Non-Resident Ordinary (NRO), Foreign Currency Non-Resident (FCNR) and Resident Foreign Currency (RFC), each designed specifically to make NRI banking easier and reliable.

  3. The Confederation of Indian Industry (CII) has recently (June 2024) estimated India’s Gross Domestic Product(GDP) to grow by ____________ in 2024.
    1) 8%
    2) 7%
    3) 8.3%
    4) 6.8%
    5) 8.1%
    Answer & Explanation
    Answer-1) 8%
    On 13th June 2024, The Confederation of Indian Industry (CII) estimated India’s Gross Domestic Product (GDP) growth at 8% in 2024. It has underscored that policy interventions, specifically which aimed to improve the Ease of Doing of Business (EODB), have significantly contributed to strengthen the Indian Economy.
    • It also expected that inflation is more likely to be within the Reserve Bank of India (RBI)’s target range of 4 to 4.5% in 2024.

  4. Which organisation (in June 2024) projected that India’s GDP growth is expected to maintain a potential growth rate of 6.5-7% year-on-year for FY 2026 to FY 2030?
    1) UBS Securities India Pvt Ltd
    2) World Bank
    3) Organization for Economic Co-operation and Development
    4) S&P Global Market Intelligence
    5) SBI Research
    Answer & Explanation
    Answer-1) UBS Securities India Pvt Ltd
    According to UBS Securities India Pvt Ltd, a stockbroker and merchant banking company, India’s Gross Domestic Product (GDP) is expected to sustain a potential growth rate of 6.5% – 7% year-on-year (Y-o-Y) between FY 2025-26 (FY26) and FY 2029-30 (FY30).
    • In FY25, India is projected to grow at 7%, as post-pandemic recovery in the capital expenditure (capex) cycle, driven by government spending, and strong residential real estate demand.

  5. Four Indian companies were featured among the top 100 in Kantar BrandZ’s “2024 World’s Most Valuable Global Brands”. Which company retained the 1st position globally for the 3rd consecutive time?
    1) TCS
    2) Microsoft
    3) Apple
    4) Google
    5) Amazon
    Answer & Explanation
    Answer-3) Apple
    According to the Kantar BrandZ, “2024 World’s Most Valuable Global Brands” report, 4 Indian companies namely, Tata Consultancy Service (TCS), HDFC Bank, Airtel and Infosys were featured among the top 100 most valuable global brands.
    • Apple retained its 1st position for the 3rd consecutive time and has also become the 1st global brand to surpass USD 1 trillion in value with total valuation of USD 1016 billion, followed by Google with valuation of USD 753.5 billion and Microsoft with valuation of USD 712.9 billion with global ranking of 2nd and 3rd position respectively.
    Four Indian Brands Featured in the List
    Global Rank Brand Name Value (in USD)
    46th TCS 44.8 billion
    47th HDFC Bank 43.3 billion
    73rd Airtel 25.3 billion
    74th Infosys 24.7 billion

  6. Which organization was recently (in June 2024) honoured with the ‘Best Conduct of Business Regulator‘ Award in the Asia Pacific region during the Asian Banker Summit 2024 in Hong Kong?
    1) Insurance Regulatory and Development Authority of India
    2) Reserve Bank of India
    3) Pension Fund Regulatory and Development Authority
    4) Securities and Exchange Board of India
    5) National Bank for Agriculture and Rural Development
    Answer & Explanation
    Answer-4) Securities and Exchange Board of India
    The Securities and Exchange Board of India (SEBI) has been honoured with the ‘Best Conduct of Business Regulator‘ Award in the Asia Pacific by the Asian Banker for its focus on transparency, fairness, and investor protection in the securities markets in India.
    • Kamlesh Chandra Varshney, Whole Time Member of SEBI received the award at the ceremony held during the Asian Banker Summit 2024 held on 23 May 2024 in Hong Kong. The theme of the summit was “Bridging innovation and resilience in finance”.

  7. Who has recently (in June 2024) taken oath as the Chief Minister (CM) of Arunachal Pradesh ?
    1) Eknath Shinde
    2) Pema Khandu
    3) Kamal Kishore
    4) Chowna Mein
    5) Pramod Sawant
    Answer & Explanation
    Answer-2) Pema Khandu
    On 13th June 2024, Pema Khandu of Bharatiya Janata Party (BJP) was sworn in as the Chief Minister (CM) of Arunachal Pradesh (AR) for the 3rd consecutive term at a ceremony held at Dorjee Khandu Convention Hall in Itanagar, AR. He has been serving as the CM of AR since 2016
    • Chowna Mein took oath as the deputy CM of AR. He has been serving as Dy CM since 2016.
    • The Oath was administered by Lt Gen (Retd) Kaiwalya Trivikram Parnaik, Governor of AR.

  8. Recently (June 2024) Appointments Committee of the Cabinet (ACC) has appointed ____________as the National Security Advisor of India and ____________________ has been appointed as Principal Secretary to Prime Minister Narendra Modi.
    1) Ajit Doval; PK Mishra
    2) Sheyphali B. Sharan; Manish Desai
    3) Nalin Prabhat; Daljit Singh Chaudhary.
    4) Ranjeet Kumar Agarwal; Charanjot Singh Nanda
    5) Suman Bery ; Ravneet Kaur
    Answer & Explanation
    Answer-1) Ajit Doval; PK Mishra
    The Appointments Committee of the Cabinet (ACC) has approved the reappointment of Ajit Kumar Doval as the National Security Advisor (NSA) and Pramod Kumar (PK) Mishra as the Principal Secretary to Narendra Modi, the Prime Minister (PM) of India with effect from June 10 2024.
    • Ajit Doval has been serving as the NSA since 30 May 2014 and has been appointed three consecutive times for the post.
    • PK Mishra has been serving as the Principal Secretary to the PM since September 2019.
    • The ACC has also approved the appointment of Amit Khare and Tarun Kapoor, retired IAS officers as Advisors to the PM. They have been appointed in the rank and scale of Secretary to Government for a period of two years with effect from 10th June 2024 or until further orders.

  9. The Indian Army (in June 2024) has received India’ 1st Indigenous man-portable suicide drones _____________, which is designed and developed by Economics Explosives Ltd.
    1) Nagastra-1
    2) Haeil-5-23
    3)Drishti 10 Starliner
    4) FWD-200B
    5) Ghatak
    Answer & Explanation
    Answer-1) Nagastra-1
    The Indian Army has received the first batch of Indigenous man-portable suicide drones also known as the 1st Indigenous Loitering Munition (LM), Nagastra–1, with the capability of precise strikes on enemy training camps and launch pads, minimising risks to soldiers.
    • Nagastra–1 is designed and developed by Economics Explosives Ltd (EEL), a subsidiary of Solar Industries Nagpur (Maharashtra), in association with Z-Motion, Bengaluru, Karnataka, with over 75% indigenous content.
    • Nagastra-1 is a fixed-wing Unmanned Aerial Vehicle (UAV), weighing 9 kilograms (kg), with an endurance of 60 minutes, a man-in-loop range of 15 kilometers (km), and an autonomous mode range of 30 km.

  10. Which State government has recently (June 2024) launched ‘Mukhya Mantri Nijut Moina’ Scheme to Promote Girl Education and to end child marriage?
    1) Uttar Pradesh
    2) Assam
    3) Sikkim
    4) Himachal Pradesh
    5) Nagaland
    Answer & Explanation
    Answer-2) Assam
    On 12th June 2024, The Chief Minister (CM) of Assam, Himanta Biswa Sarma has announced the new scheme Mukhya Mantri Nijut Moina (MMNM) to promote girl education and to end child marriage in Assam.
    • The scheme is expected to cover around 1 million girl students and cost the exchequer Rs.300 crore in the first year and around Rs.1,500 crore over a five-year period.
    • The girl students enrolled in class of 11th and 12th, three year or four year degree graduation and Post Graduation or B.Ed degree will get Rs 1000, Rs 1200, and Rs 2500 per month respectively from the government.

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