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Current Affairs Quiz:17 October 2024

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  1. Which of the following countries did ‘not’ participate in the 28th edition of the multi-national maritime exercise MALABAR 2024 held in October 2024?
    1) United States of America
    2) Japan
    3) Australia
    4) India
    5) Sri Lanka
    Answer- 5) Sri Lanka
    Explanation:
    The 28th edition of the multi-national maritime exercise MALABAR(2024) commenced off the coast of Visakhapatnam, Andhra Pradesh(AP) under the Eastern Naval Command (ENC). The exercise saw participation from the Indian Navy (IN), the United States Navy (USN), the Japan Maritime Self-Defense Force (JMSDF) and the Royal Australian Navy (RAN) from 8th to 18th October 2024.
     The MALABAR 2024 Exercise  is hosted by the IN to enhance interoperability and strengthen maritime cooperation.
     The MALABAR Exercise began in 1992 as a bilateral exercise between India and the United States of America (USA).
     The USN is represented by the P-8 Poseidon, the Arleigh Burke-class guided missile destroyer USS Dewey (DDG 105), and Destroyer Squadron (DESRON) 15, 7th Fleet is also participating.
     The JMSDF is represented by the Murasame-class destroyer JS Ariake (DD 109).
     The RAN has deployed the Anzac-class frigate HMAS Stuart (FFH 153).A Royal Australian Air Force P-8A Poseidon maritime patrol aircraft.
     The MALABAR -2024 is conducted in two phases, Harbor and Sea.

  2. Name the multinational maritime exercise in which Indian Naval Ship (INS) Talwar has recently (in October ‘24) participated at Simon’s Town in South Africa.
    1) IBSAMAR VIII
    2) Tarang Shakti
    3) RIMPAC
    4) MAITREE
    5) Mitra Shakti
    Answer- 1) IBSAMAR VIII
    Explanation:
    On 6th October 2024, Indian Naval Ship (INS) Talwar, frontline stealth frigate of Indian Navy (IN) arrived at Simon’s Town in South Africa (SA) to participate in the 8th edition of India-Brazil-South Africa Maritime (IBSAMAR VIII), a joint multinational maritime exercise among the navies of India, Brazil and South Africa.
     The trilateral maritime exercise ,which commenced on 6th October 2024, will run till 18th October 2024.
     The exercise aims to improve interoperability and strengthen ties between the navies of 3 countries.
     This exercise takes place right before the upcoming 2024 BRICS Summit in Russia.
     The exercise is based on Blue Water Naval Warfare, covering the dimensions of Surface and Anti-Air Warfare.
     The participation of INS Talwar in IBSAMAR VIII aims to bolster the ties between two countries and reaffirm India’s commitment to constructive collaboration and mutual growth.

  3. Name the organisation that has recently (in October 2024) received the White Label Automated Teller Machine (ATM) Licence from the Reserve Bank of India.
    1) IndiaIdeas.com Limited
    2) Amazon Pay (India) Private Limited
    3) Adyen India Technology Services Private Limited
    4) Electronic Payment and Services Limited
    5) Hitachi Payment Services Private Limited
    Answer-4) Electronic Payment and Services Limited
    Explanation:
    The Reserve Bank of India (RBI) has granted a White Label Automated Teller Machine (ATM) License (WLA) after a gap of 10 years to Mumbai-based Electronic Payment and Services Limited (EPS), a privately-owned ATM outsourcing company.
     It has issued the license under the Payment and Settlement Systems (PSS) Act, 2007, with the primary objective of expanding the ATM networks in rural and semi-urban areas of India.
     With this, EPS has become the 5th company to receive a license to operate WLAs in India.
     EPS aims to deploy 9,000 WLAs across the country within the first 3 years under the brand name “EPS Bancs”.
     For the initial phase, the company plans to deploy around 2,000 ATMs by March 2025.

  4. Which bank has recently (in October’ 24) partnered with MakeMyTrip (MMT) to launch a premium co-branded credit card “MakeMyTrip Credit Card” for the aspirational travellers?
    1) ICICI Bank
    2) RBL Bank
    3) Axis Bank
    4) Punjab National Bank
    5) SBI Bank
    Answer-1) ICICI Bank
    Explanation:
    Mumbai( Maharashtra) based ICICI Bank Limited has partnered with MakeMyTrip (MMT), a leading Travel company, to launch a premium co-branded credit card named “MakeMyTrip ICICI Bank Credit Card” specially curated for the aspirational travellers of India.
     This card is issued as a dual offering which comes with the convenience of two cards, one each powered by Mastercard and RuPay. There is a joining fee of Rs 999 and there is an annual/renewal fee from the second year.
     The Cardholders earn unlimited reward points that never expire. The card offers a unique value with myCash (MakeMyTrip’s reward currency), where 1 myCash is worth Rs 1 in spendable money.

  5. Which Non-Banking Financial Company (NBFC) has recently (in October’ 24) partnered with Google to offer personal loans on Google Pay application?
    1) Muthoot Capital Services Limited
    2) Arka Fincap Limited
    3) Muthoot Microfin Limited
    4) Aditya Birla Finance Limited
    5) Shriram Finance Limited
    Answer-4) Aditya Birla Finance Limited
    Explanation:
    Google, an American search engine company, has partnered with Aditya Birla Finance Limited(ABFL) and Muthoot Finance Limited to enhance its financial services on Google Pay at the 10th edition of Google for India event held on 3rd October 2024 in New Delhi, Delhi.
     Google has partnered with Aditya Birla Finance to offer personal loans and with Muthoot Finance to provide gold-backed loans.
     Under this partnership, Indians can access the credit product, with affordable interest rates and flexible usage options – delivering flexibility to the borrower, and security to the lender.

  6. Who has been recently (in October ‘24) honoured with the 2024 United Nations High Commissioner for Refugees (UNHCR) Nansen Refugee Award’s Global Laureate?
    1) Dr. S. Sridhar
    2) Abhinav Bindra
    3) Vellayan Subbiah
    4) Sister Rosita Milesi
    5) Eleanor Roosevelt
    Answer-4) Sister Rosita Milesi
    Explanation:
    Sister Rosita Milesi (79), Brazilian nun, lawyer and social worker was honoured with the 2024 United Nations High Commissioner for Refugees (UNHCR) Nansen Refugee Award’s Global Laureate for championing the rights and dignity of refugees and migrants of different nationalities in Brazil for nearly four decades.
     The award was presented at a ceremony held in Geneva, Switzerland on 14th October, 2024.
     She becomes the 2nd Brazilian, who will be honoured with this award, after Dom Paulo Evaristo Arns, former Sao Paulo Archbishop won the award in 1985.
     UNHCR has also named 4 other women as the winners of 2024 Regional winners of the UNHCR Nansen Refugee Award, in recognition of their exceptional work with refugees, internally displaced, and stateless people.
     The winners are Maimouna Ba from Africa, Jin Davod from Europe, Nada Fadol from Middle East and North Africa and Deepti Gurung from Asia-Pacific.
     The award was established in 1954 in the honour of Fridtjof Nansen, a Norwegian explorer, scientist, diplomat and Nobel Laureate who became the 1st High Commissioner for Refugees (1920-1930) for the League of Nations (predecessor of UN).
     Global laureate of the award receives a commemorative medal and a monetary prize of USD 100,000 donated by the governments of Norway and Switzerland. Click here to read more.

  7. Which company has recently (in October ‘24) acquired 43% of the total paid up share capital of its subsidiary firm for  Rs 1,282 crore?
    1) Aadhar Housing Finance Limited
    2) Piramal Capital and Housing Finance Limited
    3) JM Financial Limited
    4) Bajaj Allianz Life Insurance Company Limited
    5) Star Health and Allied Insurance Company Limited
    Answer-3) JM Financial Limited
    Explanation:
    The Competition Commission of India (CCI) has approved the acquisition of 43% of the total paid up share capital of JM Financial Credit Solutions Limited (JMFCSL) by JM Financial Limited (JMFL), the operating cum holding company of the JM Financial Group, for consideration of approximately Rs 1,282 crore.
     Following the successful completion of the transaction, the stake held by JMFL in JMFCSL will increase from 46.68% to 89.67%.
     The board of CCI has also approved the acquisition of 71.79% of the total paid-up share capital of JM Financial Asset Reconstruction Company Limited (JMFARC), subsidiary of JMFL, by JMFSCL, for a consideration of Rs 856 crore.

  8. In October 2024, the Indian Army (IA) has unveiled its first upgraded T-90 ‘Bhishma’ tank, which is manufactured under a licence agreement with __________(Country)
    1) United States of America
    2) France
    3) South Africa
    4) Russia
    5) Israel
    Answer-4) Russia
    Explanation:
    On 7 October 2024, the Indian Army (IA) unveiled its first upgraded T-90 ‘Bhishma’ tank, marking a significant move toward enhancing the operational capabilities of its armored units. The rollout ceremony was attended by the Chief of the Army Staff(CoAS) of  the IA, Upendra Dwivedi.
     This initiative is part of the Army’s ambitious “Decade of Transformation,” reflecting India’s growing indigenous capability to maintain and enhance critical military platforms.
     The T-90 tanks, manufactured under a license agreement with Russia, are produced at the Heavy Vehicles Factory (HVF) in Avadi, near Chennai, Tamil Nadu(TN).
     The IA has ordered 1,657 T-90 tanks and currently operates around 1,300 units. The first set is now undergoing a significant overhaul.
     The next round of testing for the upgraded T-90 ‘Bhishma’ tank will include missile firing. The Defence Research and Development Organisation (DRDO) plans to complete various trials by January 2025.

  9. Which airline has recently (in October ‘24) awarded the title of Asia’s Leading Airline Inflight Entertainment 2024 at the World Travel Awards (WTA)?
    1) Malaysia Airlines
    2) Singapore Airlines
    3) SriLankan Airlines
    4) Air India
    5) Air China
    Answer-4) Air India
    Explanation:
    Air India has achieved a remarkable milestone as the airline by winning the title of Asia’s Leading Airline Inflight Entertainment 2024 at the prestigious World Travel Awards (WTA) in Manila. This victory marks the first time an Indian airline has received this honor.
     World Travel Awards, often called the “Oscars of the travel industry,” celebrates excellence across all sectors of global travel and tourism.
     With this award, Air India joins an exclusive group of airlines recognized for their inflight entertainment.

  10. The United Nations(UN)’s World Habitat Day is annually observed across the globe on the _________________to reflect the condition of our habitats and to emphasize the fundamental right of every individual to adequate shelter.
    1) 1st Monday of October
    2) 1st Sunday of August
    3) 1st Saturday of July
    4) 1st Wednesday of June
    5) 1st Monday of September
    Answer-1) 1st Monday of October
    Explanation:
    The United Nations (UN)’s World Habitat Day (WHD) is annually observed across the globe on the first Monday of October to reflect the condition of our habitats and to emphasize the fundamental right of every individual to adequate shelter.
     The WHD 2024 was observed on 7th October 2024.
     The theme of WHD 2024 is “Engaging youth to create a better urban future”.
     The WHD 2024 global ceremony was held in Mexico at the “Educational Cultural Center of the state of Querétaro”.
     The WHD was first celebrated in 1986 with the theme “Shelter is My Right“. The city of Nairobi in Kenya hosted it.
     The global observance of World Cities Day on 31st October 2024 will take place in Alexandria, Egypt with the theme “Youth leading climate and local action for cities”.
     The UN World Cities Day was first celebrated on 31st October 2014. Click here to read more.