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Current Affairs Quiz:18 October 2024

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    1. Which ministry/Department has recently(in October’ 24) released the ‘Comprehensive Annual Modular Survey (CAMS) : July 2022- June 2023’as part of the 79th round of the National Sample Survey (NSS)?
      1) Ministry of Statistics and Programme Implementation
      2) Ministry of Home Affairs
      3) Ministry of Health and Family Welfare
      4) Ministry of Commerce and Industry
      5) Department of Economic Affairs
      Answer- 1) Ministry of Statistics and Programme Implementation
      Explanation:
      The Ministry of Statistics and Programme Implementation (MoSPI) released the ‘Comprehensive Annual Modular Survey (CAMS) : July 2022- June 2023’. This survey was conducted as part of the 79th round of the National Sample Survey (NSS), conducted from July 2022 to June 2023. The survey is not conducted in some of the villages in Andaman and Nicobar Islands.
       The main purpose of CAMS was to collect data to create indicators on important areas like education, medical expenses paid directly by people, mobile and internet use, access to financial services, Information and Communication Technology (ICT) skills, and ownership of assets.
       The CAMS, a yearly survey, is introduced and designed to collect information required to generate some important Socio-Economic indicators that are not available from any other source.
       It is conducted by the National Sample Survey Office (NSSO) under the Ministry of Statistics and Program Implementation (MoSPI).
       In rural areas, approximately 96.5% of individuals aged 15-24 years can read and write simple statements in their everyday lives and perform basic arithmetic calculations. In urban areas, this figure is around 97.9%.
       The survey reveals significant insights into literacy, education, and infrastructure across rural and urban India. Click here to read more.

    2. Which country has recently (in October’ 24) became the 17th Country to Sign Audio-Visual Co-Production Agreement with India to enhance collaboration in film production?
      1) Algeria
      2) Nepal
      3) Peru
      4) Colombia
      5) Slovakia
      Answer-4) Colombia
      Explanation:
      On October 15, 2024, India and Colombia signed an Audio-Visual Co-Production Agreement to enhance collaboration in film production and strengthen cultural ties, and goodwill between the two nations. With this, Colombia becomes the 17th country to sign such an agreement with India.
       The Ministry of Information and Broadcasting (MIB), Government of India(GoI), has played a pivotal role in promoting these partnerships.
       The agreement facilitates resource sharing among filmmakers, including creative, technical, financial, and marketing aspects, benefiting producers in both countries.
       India has established co-production treaties with 16 countries (now 17) over the years, leading to 29 projects in the last 5 years.

    3. Which company has recently (in October 2024) signed a MoU with the Department of Posts (DoP) under the Ministry of Communications to strengthen the logistics and e-commerce in India?
      1) Amazon
      2) Swiggy
      3) Microsoft
      4) Flipkart
      5) Walmart
      Answer-1) Amazon
      Explanation:
      On 4th October 2024, The Department of Posts (DoP) under the Ministry of Communications, and Amazon Seller Services Private Limited signed a Memorandum of Understanding (MoU) to strengthen the logistics and e-commerce in India.
       The agreement expands the previous collaboration with Amazon using India’s vast postal network to send and receive packages.
       The MoU outlines key areas of cooperation, including synchronization of logistics operations, knowledge-sharing, and capacity-sharing opportunities.

    4. Which organisation has recently (in October ‘24) released the 15th edition of its biennial assessment ‘2024 Living Planet Report- A system in Peril’?
      1) International Union for Conservation of Nature
      2) World Organisation for Animal Health
      3) Botanical Survey of India
      4) World Wide Fund for Nature
      5) United Nations Office on Drugs and Crime
      Answer-4) World Wide Fund for Nature
      Explanation:
      The World Wide Fund for Nature (WWF) released the 15th edition of its biennial assessment ‘2024 Living Planet Report- A system in Peril’ stating that the average size of monitored wildlife populations has decreased by 73% in just 50 years (1970-2020).
       The WWF uses the Living Planet Index (LPI), provided by ZSL (Zoological Society of London), to track wildlife population trends, covering nearly 35,000 populations of 5,495 species from 1970 to 2020.
       The report emphasizes that urgent action is needed over the next 5 years to address the serious climate and nature crises as the Earth nears critical tipping points that threaten humanity.
       The steepest declines in wildlife populations are in Latin America and the Caribbean (95%), Africa (76%), and Asia-Pacific (60%).
       In India, populations of three vulture species have drastically declined: the white-rumped vulture by 67%, the Indian vulture by 48%, and the slender-billed vulture by 89% since 2002.
       The Ministry of Environment, Forest & Climate Change (MoEF&CC) recently conducted the first Snow Leopard Population Assessment in India (SPAI), estimating the population at 718 across 70% of their potential range. Click here to read more.

    5. Which country’s government bonds will be included in FTSE Russell’s Emerging Markets Government Bond Index (EMGBI) from September 2025?
      1) India
      2) South Korea
      3) North Korea
      4) Nepal
      5) Singapore
      Answer-1) India
      Explanation:
      On 8th October 2024, London (the United Kingdom, UK)-based index provider Financial Times Stock Exchange(FTSE) Russell announced that the Indian and the South Korean government bonds are set to join FTSE Russell Government Indexes in 2025 to attract billions of dollars of foreign investment into their local bond markets.
       Market Accessibility Level for India will be reclassified from 0 to 1 and the Indian sovereign bonds will be included in its Emerging Markets Government Bond Index (EMGBI) from September 2025.
       FTSE Russell is the 3rd index provider to include Indian bonds in its emerging market following the successful inclusion of Indian bonds in JP Morgan’s Government Bond Index-Emerging Markets (GBI-EM) index, in June 2024 and Bloomberg Index Services’ Emerging Market Local Currency (EMLC) starting from 31st January, 2025.
       It has also announced the inclusion of the South Korean government bonds to its World Government Bond Index (WGBI) after 2 years on its watch list.

    6. In October 2024, the SEBI extended the relaxation given to listed companies from sending physical copies of financial statements to shareholders for Annual General Meetings (AGMs) till ________________.
      1) 30 September 2025
      2) 1 August 2026
      3) 30 June 2025
      4) 30 July 2025
      5) 1 October 2025
      Answer- 1) 30 September 2025
      Explanation:
      On 4th October 2024, the Securities and Exchange Board of India (SEBI) extended the relaxation given to listed companies from sending physical copies of financial statements to shareholders for Annual General Meetings (AGMs) by one more year from 30th September 2024 to 30th September 2025.
       The SEBI has decided to extend the relaxations granted earlier for compliance with Regulation 36(1)(b) and Regulation 44(4) of the SEBI, from LODR (Listing Obligations and Disclosure Requirements) Regulations until September 30, 2025.
        The relaxations are subject to the provisions of the Companies Act, 2013.

    7. NITI Aayog has recently (in October ‘24) increased the Asset Monetisation target for 2024-25 (FY25) to_________________.
      1) Rs 1.5 trillion
      2) Rs 1.9 trillion
      3) Rs 1.7 trillion
      4) Rs 2 trillion
      5) Rs 1.2 trillion
      Answer-2) Rs 1.9 trillion
      Explanation:
      The National Institution for Transforming India (NITI Aayog) has raised the Asset Monetisation(AM) target for Financial Year 2024-25 (FY25) by Rs 23,000 crore to Rs 1.9 trillion. This move will bring closer to achieve the overall target of Rs 6 trillion set under the National Monetisation Pipeline (NMP) for a period of 4 years i.e. from FY22 to FY25.
       It has estimated that highways monetisation will generate Rs 54,000 crore for the centre government in FY25.
       NITI Aayog has estimated that combined assets of railways, power, and petroleum and natural gas will raise nearly Rs 46,000 crore.
       The Ministry of Railways (MoR) has monetised assets worth Rs 20,417 crore over the last 3 FYs and has achieved only 30% of its revised target.
       The GoI has monetised assets worth Rs 8,000 crore  in warehousing sector, which constitutes 38% of its targeted assets. Click here to read more.

    8. Name the Indian industrialist who has topped the Forbes’ India’s 100 Richest 2024 list published in October 2024.
      1) Mukesh Ambani
      2) Gautam Adani
      3) Sundar Pichai
      4) Roshni Nadar Malhotra
      5) Savitri Jindal
      Answer-1) Mukesh Ambani
      Explanation:
      Mukesh Ambani, Chairman and Managing Director (CMD) of Reliance Industries Limited (RIL), has retained the top spot on Forbes India’s 100 Richest 2024 List with an estimated net worth of USD 119.5 billion across diversified assets, up by USD 27.5 billion compared to USD 92 billion in 2023.
       Gautam Adani, Chairman of Adani Group, was ranked 2nd on the list with an estimated net worth of  USD 116 billion.
       He is followed by Savitri Jindal, the matriarch of the OP Jindal Group, jumped by 1 place to 3rd position on the list for the 1st time with a net worth of USD 43.7 billion, up by USD 19.7 billion from 2023.
       According to Forbes, the combined wealth of India’s top 100 Richest tycoons breached the mark of USD 1 trillion for the 1st time as the total wealth of these individuals increased significantly by 40%.
       Nikhil Kamath (38 years old), co-founder of the trading platform Zerodha has again emerged as the youngest billionaire on the list, ranked at 33rd position on the list with net worth of USD 8.4 billion.
       As per the Forbes list, 5 Indian billionaires returned to the list after a hiatus, among them the most prominent name is: Irfan Razak & Siblings, whose Bangalore (Karnataka)-based developer Projects has made significant progress in the real estate market of Mumbai, Maharashtra. He was ranked at 49th spot with a net worth of USD 6 billion. Click here to read more.

    9. Who has recently (in October ‘24) rejoined Garuda Aerospace as a brand ambassador?
      1) Mahendra Singh Dhoni
      2) Krishnakumar Dinesh Karthik
      3) Sumit Nagal
      4) Rahul Sharad Dravid
      5) Sachin Tendulkar
      Answer-1) Mahendra Singh Dhoni
      Explanation:
      Former Indian cricket captain Mahendra Singh(MS) Dhoni has been roped as the Brand Ambassador of  Chennai(Tamil Nadu, TN) based Garuda Aerospace, one of India’s leading drone startups, and raised his stake in the drone startup.
       MS Dhoni commenced his association with Garuda Aerospace in 2022 after 100 drones were flagged off by Prime Minister(PM) Narendra Modi in 100 locations.
       Garuda Aerospace is a drone solutions provider that uses innovative techniques to meet India’s growing need for Unmanned Aerial Vehicles (UAVs).

    10. The United Nations (UN)’s World Migratory Bird Day (WMBD) is biannually observed across the globe on the _______________.
      1) 2nd Saturday of February and August
      2) Last Thursday of March and June
      3) 3rd Saturday of January and September
      4) 2nd Saturday of May and October
      5) 2nd Saturday of April and October
      Answer-4) 2nd Saturday of May and October
      Explanation:
      The United Nations (UN)’s World Migratory Bird Day (WMBD) is biannually observed across the globe on the 2nd Saturday of May and October, to raise awareness of migratory birds and the need for international cooperation to conserve them.
       The WMBD 2024 falls on 11th May 2024 and 12th October 2024.
       The theme/campaign slogan of WMBD 2024 is “Protect Insects, Protect Birds”.
       International Migratory Bird Day (IMBD), now WMBD, was created in the USA in 1993 by visionaries at the Smithsonian Migratory Bird Center.
       WMBD annually celebrated on the 2nd Saturday in May and October aligns with the cyclic nature of bird migration in different hemispheres.
       The 2nd Saturday of May is celebrated in Canada and the United States of America (USA) and the 2nd Saturday of October is celebrated in Mexico, Central and South America, and the Caribbean. Click here to read more.