Current Affairs Quiz:20 September 2024

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1. Name the online platform that was recently (in September ‘24) launched by the Ministry of Commerce and Industry to facilitate a direct and transparent channel to address trade and industry-related issues.
   1) e-Sakshya
   2) Upasthiti
   3) Jan Sunwai
   4) Saksham
   5) JanSamarth
   
   Answer & Explanation

   Answer-3) Jan Sunwai
   Explanation:
   On 13th September 2024, Union Minister Piyush Goyal, Ministry of Commerce and Industry (MoC&I), chaired the 3rd meeting of the reconstituted Board of Trade (BoT) in Mumbai, Maharashtra.
    During the BoT meeting, he launched two new digital initiatives: Jan Sunwai portal and Enterprise Resource Planning (ERP), new online service portal of Export Credit Guarantee Corporation of India Limited (ECGC).
    Jan Sunwai Portal is an online platform of DoC , which will be run by the DGFT. It is designed specifically to streamline communication between stakeholders and authorities.
    ERP Portal will streamline all online services offered under ECGC such as filling forms, claims , reimbursements, grievance redressal, policy information, credit support, among others.
    ERP Portal will enable the Micro, Small, and Medium Enterprises (MSME) sectors to avail 90% insurance cover credit limit up to Rs 80 crore.
    Other than ERP portal, a revamped in-house SMILE-ERP system was also launched.Click here to read more
   
   
   
2. Which lifestyle brand has recently (in September ‘24) collaborated with the MSME Ministry to empower India’s Artisanal Heritage under the Pradhan Mantri Vishwakarma Scheme?
   1) Manyavar
   2) Allen Solly
   3) Raymond
   4) Fabindia
   5) AJIO
   
   Answer & Explanation

   Answer-4) Fabindia
   Explanation:
   Fabindia Limited, India’s leading lifestyle brand has collaborated with the Ministry of Micro, Small, and Medium Enterprises (MoMSME) to empower India’s Artisanal Heritage under the Pradhan Mantri (PM) Vishwakarma Scheme.
    The aim of the initiative is to enhance the livelihoods of India’s traditional artisans like Potters, Carpenters, Boat Maker, Weavers, Sculptor, Stone Breaker and other skilled craftsmen, by promoting their products and expanding their market reach.
    Fabindia will incorporate artisan-made products into its retail network, providing them a platform to demonstrate and sell their goods across markets.
    PM Vishwakarma scheme is a Central Sector Scheme, which was launched by the Prime Minister (PM) Narendra Modi on 17th September, 2023.
   
   
   
3. Which company has recently (in September ‘24) secured Rs 7.2 billion funding from the Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB) for electric bus services expansion in India?
   1) Bharat Heavy Electricals Limited
   2) JBM ECOLIFE Mobility Private Limited
   3) Ather Energy Private Limited
   4) Olectra Greentech Limited
   5) Erisha E Mobility Private Limited
   
   Answer & Explanation

   Answer-2) JBM ECOLIFE Mobility Private Limited
   Explanation:
   Gurugram(Haryana) based JBM ECOLIFE Mobility Private Limited, a subsidiary of JBM Auto Limited, has secured Rs 7.2 billion in funding from the Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB) to enhance electric bus services in India under the Gross Cost Contract (GCC) model.
    This funding will support the procurement of up to 650 electric buses, along with associated costs for operations, maintenance, depots, and charging infrastructure in Haryana and Odisha.
    ADB led the arrangement of the Rs 7.2 billion debt package, with AIIB contributing Rs 3.6 billion (approximately USD 43.2 million).
    The funding aligns with the recently announced Prime Minister (PM) E-drive scheme, which aims to subsidize 14,000 electric buses as part of a Rs 10,900 crore green energy initiative.
   
   
   
4. Which bank has recently (in September ‘24) launched the generative AI-powered virtual relationship manager ‘Aditi?
   1) Kotak Mahindra Bank
   2) State Bank of India
   3) Axis Bank
   4) Yes Bank
   5) Bank of Baroda
   
   Answer & Explanation

   Answer-5) Bank of Baroda
   Explanation:
   Bank of Baroda (BoB) has launched three Generative Artificial Intelligence (AI)-powered solutions, aimed at improving customer service and employee efficiency. These include a virtual relationship manager, ‘Aditi; a knowledge management platform for its employees, Gyan Sahay.AI; and a chatbot ADI for digital customer experience.
    BoB has introduced ‘Aditi,’ a generative AI-powered virtual relationship manager to offer enhanced digital customer services.
    Aditi is accessible via BoB’s web portal and supports audio, video, and chat-based assistance with 24×7 multilingual support.
    BoB launched ‘GyanSahay.AI,’ a GenAI-enabled knowledge management platform to aid employees with instant and accurate responses.
    The platform is trained in the bank’s product policies and processes, allowing employees to handle customer queries more efficiently
    BoB also introduced ‘ADI,’ a GenAI-powered chatbot to assist customers in resolving their queries digitally.
   
   
   
5. Which payment firm has recently (in September ‘24) partnered with Liquid Group to enable Indian travelers to make Unified Payments Interface (UPI) payments at various merchants in Singapore?
   1) Paytm
   2) Amazon Pay
   3) PayU
   4) PhonePe
   5) Jio Pay
   
   Answer & Explanation

   Answer-4) PhonePe
   Explanation:
   Bengaluru(Karnataka) based PhonePe has partnered with the Singapore based Liquid Group, a fintech leader in digital cross-border payment solutions, to enable Indian travellers to make Unified Payments Interface (UPI) payments at various merchants in Singapore.
    This would allow travellers to easily scan and pay with their PhonePe app at Liquid Group’s wide merchant base in Singapore.
    This collaboration is facilitated through Liquid Group’s partnership with NPCI International Payments Limited (NIPL).
    The transactions would be processed in Indian Rupees (INR), ensuring transparency and ease of usage.
    PhonePe users can receive international remittances via UPI using the PayNow-UPI real-time remittance corridor, which fastens the process of transferring money thereby eliminating the need to share details such as bank account numbers and Indian Financial System Code (IFSC) codes.
   
   
   
6. Who has been recently (in September ‘24)  appointed as the Brand ambassador for the Ministry of Ports, Shipping and Waterways (MoPSW)?
   1) Sheetal Devi
   2) Neeraj Chopra
   3) Sunil Chhetri
   4) Virat Kohli
   5) Manu Bhaker
   
   Answer & Explanation

   Answer-5) Manu Bhaker
   Explanation:
   On September 17 2024, Manu Bhaker, a double Olympic medal winner, was appointed as the Brand Ambassador for the Ministry of Ports, Shipping and Waterways (MoPSW).
    The appointment was announced by Union Minister Sarbananda Sonowal, MoPSW at the 4th Harnessing of the Nari Shakti for the Development of the Nation event held in Chennai, Tamil Nadu(TN).
    The event was organised by the Chennai Port Authority (CPA) in collaboration with Kamarajar Port Authority.
   
   
   
7. Name the Dronacharya award-winning Table Tennis (TT) coach who passed away in September 2024.
   1) Shobhana Sitaram Ranade
   2) Ram Narain Agarwal
   3) Kunwar Natwar Singh
   4) Jayanta Kumar Pushilal
   5) Anshuman Gaekwad
   
   Answer & Explanation

   Answer-4) Jayanta Kumar Pushilal
   Explanation:
   Jayanta Kumar Pushilal, a Dronacharya award-winning Table Tennis (TT) coach, passed away at 63 in Kolkata, West Bengal (WB). He was born in December 1961 in Kolkata.
    Known as ‘Botonda,’ he coached for over 40 years, producing over 15 national champions, including Mouma Das, Arup Basak, and Prapti Sen and others.
    He was the former Maldives TT National Team Coach, extending his expertise to the Kerala sports department and TT associations in Kazakhstan.
    He was honoured with the Dronacharya Award (Lifetime) for 2023, in recognition of his outstanding achievements in Coaching.
   
   
   
8. When was the United Nations (UN’s) International Equal Pay Day observed across the globe to raise awareness about the gender pay gap?
   1) August 13
   2) July 22
   3) May 25
   4) June 12
   5) September 18
   
   Answer & Explanation

   Answer-5) September 18
   Explanation:
   The United Nations (UN’s) International Equal Pay Day is annually observed across the globe on 18 September to raise awareness about the gender pay gap and promote efforts to achieve equal pay for work of equal value..
    18 September 2024 marks the observance of the 5th International Equal Pay Day.
    The first-ever International Equal Pay Day was observed on 18 September 2020.
    According to the ILO, women globally earn 20% less than men for the same work.
    In 2024, India, with a population of over 1.4 billion, has closed 64.1% of its gender gap, ranking 129th globally.
    The Equal Pay International Coalition (EPIC) Secretariat comprises the ILO, the UN Women (the UN entity dedicated to gender equality and the empowerment of women), and the Organisation for Economic Co-operation and Development (OECD).
    On 18 September 2024, the EPIC Secretariat organised a high-level event “Pay of the Future: Solutions to Close the gender pay gap”, to celebrate International Equal Pay Day 2024, at the UN Women’s Headquarters in New York, the United States of America (USA).Click here to read more
   
   
   
9. Who has recently (in September ‘24) won the Formula 1 (F1) Qatar Airways Azerbaijan Grand Prix (GP) 2024?
   1) Max Verstappen
   2) Oscar Piastri
   3) Lewis Hamilton
   4) Lando Norris
   5) George Russell
   
   Answer & Explanation

   Answer-2) Oscar Piastri
   Explanation:
   On September 15 2024, McLaren’s Oscar Piastri, an Australian racing driver won the Formula 1 (F1) Qatar Airways Azerbaijan Grand Prix (GP) 2024 held from 13 to 15 September 2024 at the Baku City Circuit (BCC) in Baku, Azerbaijan.
    Ferrari’s Charles Leclerc, a Monégasque racing driver finished 2nd followed by Mercedes’ George Russell, a British racing driver who finished 3rd.
    This victory marks Piastri’s 2nd career F1 GP win in his second season in F1.
    Piastri secured his first-ever F1 title victory at the Hungarian GP 2024 at Hungaroring in Mogyoród (near Budapest), Hungary in July 2024.
    The results of Azerbaijan GP 2024 placed McLaren above Red Bull in the constructors’ standings for the first time since 2014.
   
   
   
10. Which company has recently (in September ‘24) secured a Rs 850 crore order from Cochin Shipyard Limited (CSL) to supply indigenous Multi-Function Radar in the X Band?
    1) Signaltron Systems Private Limited
    2) Bharat Electronics Limited
    3) Adani Defence & Aerospace
    4) GalaxEye Space Solutions Private Limited
    5) Bharat Forge Limited
    
    Answer & Explanation

    Answer-2) Bharat Electronics Limited
    Explanation:
    Bengaluru (Karnataka) based Bharat Electronics Limited (BEL), a public sector company has secured an order worth Rs 850 crore from Cochin Shipyard Limited (CSL) to supply indigenous Multi-Function Radar in the X Band.
     The multi-function radar is designed by the Defence Research and Development Organisation (DRDO) and manufactured by BEL.
     The radar is designed to detect, acquire, and track airborne targets, providing defence for naval vessels.
     BEL also received a Rs 305 crore order to manufacture ship navigational systems, thermal imagers, communication equipment, fire and gun control systems, spares, and service.