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- Which organisation has recently(in October’ 24) signed an MoU with the Society of Indian Defence Manufacturers (SIDM) to ‘create a future-ready workforce for the Defence and Aerospace sectors’?
1) All India Council for Technical Education
2) NewSpace India Limited
3) Dhruva Space Private Limited
4) Space Application Centre
5) Defence Research and Development OrganisationAnswer-1) All India Council for Technical Education
Explanation:
The All India Council for Technical Education (AICTE) and the Society of Indian Defence Manufacturers (SIDM) signed a Memorandum of Understanding (MoU) to ‘create a future-ready workforce for the Defence and Aerospace sectors’ in New Delhi, Delhi.
The MoU was exchanged between the Chairman of AICTE, Prof. T.G. Sitharam and the president of SIDM, Rajinder Singh Bhatia, in the presence of Union Minister Rajnath Singh, Ministry of Defence(MoD).
The MoU aims to establish a strong partnership between academia and the defence industry, with a focus on creating a future-ready workforce for the Defence and Aerospace sectors from AICTE-approved institutions across India.
It was signed for three years and will help to build a strong partnership, allowing the defence industry to hire skilled graduates who are trained in relevant fields. - Which payment card services corporation has recently (in October ‘24) launched the ‘Tokenized Asset Platform’ to help banks issue stablecoins and other fiat-backed tokens internationally?
1) Mastercard
2) Visa
3) RuPay
4) UnionPay
5) RazorPayAnswer-2) Visa
Explanation:
Visa Inc., an American multinational payment card services corporation, has launched the Visa Tokenized Asset Platform (VTAP), a platform to help banks issue stablecoins and other fiat-backed tokens internationally. VTAP is expected to go live in 2025.
VTAP will enable banks to “mint, burn and transfer” tokens offering infrastructure for financial institutions aiming to leverage the advantages of blockchain technology.
Banco Bilbao Vizcaya Argentaria (BBVA), a Spanish bank has been testing Visa’s platform for a year and plans to launch a pilot on the Ethereum blockchain for select customers in 2025.
PayPal Holdings Inc. has already introduced its stablecoin, PayPal USD (PYUSD), to the market. Meanwhile, Stripe Inc. now enables merchants to accept stablecoins for online transactions. - Which organisation has recently (in October ‘24) retained India’s GDP growth forecast for the Financial Year 2024-25 (FY25) to 7% Year-on-Year (Y-o-Y)?
1) Moody’s Ratings
2) Reserve Bank of India
3) State Bank of India
4) World Bank
5) International Monetary FundAnswer-4) World Bank
Explanation:
On 10th October 2024, the World Bank(WB) released a report titled “South Asia Development October 2024 Update: Women, Jobs and Growth”. It has retained India’s Gross Domestic Product (GDP) growth forecast for Financial Year 2024-25 (FY25) to 7% Year-on-Year (Y-o-Y). This growth projection is mainly attributed to higher agricultural production and robust employment growth from policy initiatives, which further boost private consumption.
The World Bank has also retained India’s GDP growth forecast at 6.7% for FY26 (2025-26).
As per the report, India’s GDP rate in FY25 will be the 2nd highest among the South Asian countries after Bhutan (7.2%).
The World Bank has raised its growth projection for the South Asia region to 6.4% in 2024 from its previous estimate of 6.0%.
The report showed that the overall female labor force participation rate stood at just 32% in 2023, which is significantly lower than the 77% rate for men.
The report estimated that by raising labor force participation of women to the level of men could result in a 13% to 51% boost to GDP of the South Asia region and per capita income. Click here to read more. - The World Trade Organisation (WTO) has recently (in October ‘24) reduced its projection of world merchandise trade growth to ______ in 2025.
1) 1%
2) 3.36%
3) 3%
4) 3.3%
5) 2%Answer-3) 3%
Explanation:
On 10th October 2024, the World Trade Organisation (WTO) released its latest bi-annual trade outlook titled “Global Trade Outlook and Statistics: October 2024”. It has reduced its previous projection of world merchandise trade growth from 3.3% to 3% in 2025.
While, it increased its merchandise trade growth projection for year 2024 to 2.7%, up from its previous estimate of 2.6%.
The report has also projected that the global Gross Domestic Product (GDP) growth at market exchange rates will remain at 2.7% for both 2024 and 2025.
The report has estimated that merchandise exports of Least-Developed Countries (LDCs) will increase by 1.8% in 2024, compared to 4.6% growth registered in 2023.
As per WTO report, export volumes of Asia will grow faster than any other region in the world, increasing by as much as 7.4% in 2024. Click here to read more. - Who has recently (in October 2024) sworn in as the Chief Minister(CM) of the Union Territory of Jammu and Kashmir?
1) Atishi Marlena Singh
2) Himanta Biswa Sarma
3) Omar Abdullah
4) Mohan Charan Majhi
5) Sukhvinder Singh SukhuAnswer-3) Omar Abdullah
Explanation:
On 16th October 2024, Omar Abdullah (54 years old), Vice President (VP)of Jammu & Kashmir National Conference (JKNC) was officially sworn-in as new Chief Minister (CM) of Union Territory (UT) Jammu & Kashmir (J&K). He became the CM of J&K for the 2nd time.
With this, he becomes the 1st CM of UT J&K since the abrogation of Article 370 by the Government of India (GoI) in 2019.
Along with him, Surinder Kumar Choudhary took oath as the Deputy CM of UT J&K.
Omar Abdullah was accompanied by 5 Members of Legislative Assembly (MLAs) , of which 3 are from Jammu region and remaining two are from the Kashmir Valley.
The JKNC-INC alliance won the elections by securing 48 out of 90 assembly seats which went for elections.
Omar Abdullah contested the 2024 J&K assembly elections from Ganderbal constituency and Budgam constituency in the Central Kashmir region and won in both constituencies. Click here to read more. - Which Small Finance Bank(SFB) has recently (in October 2024) appointed Olympic boxer Mary Kom and former Captain of the Indian Football Team, Sunil Chhetri, as its brand ambassadors?
1) AU Small Finance Bank Limited
2) Utkarsh Small Finance Bank Limited
3) Jana Small Finance Bank Limited
4) Unity Small Finance Bank Limited
5) Capital Small Finance Bank LimitedAnswer-2) Utkarsh Small Finance Bank Limited
Explanation:
Utkarsh Small Finance Bank (SFB) has appointed Olympic boxer Mary Kom and the former Indian football team Captain Sunil Chhetri as its Brand Ambassadors.
Mangte Chungneijang Mary Kom, from Manipur, is the only woman to have won the World Amateur Boxing Championship six times. She is the only boxer (male or female) to win eight World Championship medals.
She became the first Indian female boxer to win a gold medal in the Asian Games in 2014 at Incheon, South Korea and is the first Indian female boxer to win gold at the 2018 Commonwealth Games.
Sunil Chhetri from Telangana played for the Indian national football team, also known as the Blue Tigers, from 2005 to 2024. He captained the team from 2012 to 2024.
He was a part of the Indian team that won the South Asian Football Federation (SAFF) Championship title in 2011, 2015, 2021 and 2023. - Who has recently (in October ‘24) re-appointed as the Deputy Governor of Reserve Bank of India (RBI) for one year ?
1) Rama Mohan Rao Amara
2) Rajwinder Singh Bhatti
3) Mohsin Naqvi
4) Rajeshwar Rao
5) Shaktikanta DasAnswer-4) Rajeshwar Rao
Explanation:
The Appointments Committee of the Cabinet (ACC), Chaired by Prime Minister (PM) Narendra Modi, has approved the re-appointment of M. Rajeshwar Rao as Deputy Governor of Reserve Bank of India (RBI) for one year with effect from 9th October 2024, or until further orders.
Rao joined RBI in 1984 and was elevated as RBI executive director in November 2016.
He was appointed as RBI Deputy Governor in October 2020 for a period of 3 years. - Which company has built the ‘Missile Cum Ammunition Barge ‘LSAM 12 (Yard 80)’ launched by the Indian Navy (IN) in October 2024?
1) Cochin Shipyard Limited
2) Garden Reach Shipbuilders & Engineers Limited
3) M/s Vinayaga Marine Petro Limited
4) Mazagon Dock Limited
5) M/s SECON Engineering Projects Private LimitedAnswer-5) M/s SECON Engineering Projects Private Limited
Explanation:
The Indian Navy (IN) launched the ‘Missile Cum Ammunition Barge, LSAM 12 (Landing Ship Ammunition) (Yard 80)’, which will enhance its naval logistics and firepower.
This is the sixth vessel of 8 Missile Cum Ammunition Barge projects, aimed at strengthening the Navy’s operational capabilities.
It is built by M/s SECON Engineering Projects Pvt Ltd (SEPPL), Visakhapatnam, Andhra Pradesh (AP).
On 19th February 2021 Ministry of Defence (MoD) and SEPPL, signed the contract for the construction of 8 Missile Cum Ammunition Barges.
Indigenously designed, built under Indian Register of Shipping (IRClass) regulations, with model testing at the Naval Science and Technological Laboratory. - Name the Spanish Tennis player who has recently (in October 2024) announced his decision to retire from professional tennis after the Davis Cup 2024.
1) Rafael Nadal
2) Jannik Sinner
3) Carlos Alcaraz
4) Albano Olivetti
5) Andy MurrayAnswer-1) Rafael Nadal
Explanation:
On 10th October, 2024, Spanish tennis player Rafael Nadal (38 years old) announced that he will be retiring from professional tennis at the end of 2024.
Nadal’s final tournament will be the Davis Cup 2024 which is scheduled to be held in November 2024 in Malaga, Spain.
Rafael Nadal started his professional career in 2001 at just 15 years of age. He has won a total of 92 Singles career titles including 22 Grand Slam, 11 doubles and 6 team titles.
He won the gold medal in Tennis: Men’s singles event at the 2008 Beijing Olympics.
He won his 2nd gold medal in men’s doubles, paired with Marc López (Spain) at the 2016 2016 Rio Olympics. - Who has recently (in October ‘24) unveiled a commemorative postage stamp titled ’25 Years of Progress – Mundra Port’ to mark the completion of 25 years of Mundra Port?
1) Droupadi Murmu
2) Narendra Modi
3) Jyotiraditya M. Scindia
4) Shantanu Thakur
5) Bhupendra PatelAnswer-5) Bhupendra Patel
Explanation:
On 9th October 2024 (World Post Day), Bhupendra Patel, Chief Minister (CM) of Gujarat, unveiled a commemorative postage stamp titled ’25 Years of Progress – Mundra Port’ to mark the completion of 25 years of Mundra Port’s development during an event held in Gandhinagar, Gujarat. India Post has also introduced a special cover and stamp cancellation procedure.
The stamp depicts the journey of Mundra from an ordinary jetty to a vital global shipping hub.
This commemorative stamp was released by India Post in collaboration with Adani Ports and SEZ Limited(APSEZ).
A replica of the stamp sheet will be permanently displayed at the National Philatelic Museum in New Delhi, Delhi.
Mundra is a significant port located on the northern coast of the Gulf of Kutch. It was established as a captive jetty in 1994. Click here to read more.
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