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- Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry (MoC&I) and which bank has recently (in December ‘24) entered into a Memorandum of Understanding (MoU) to provide startups with world-class banking and financial services?
1) Axis Bank Limited
2) HDFC Bank Limited
3) Bandhan Bank Limited
4) Federal Bank Limited
5) City Union Bank LimitedAnswer- 2) HDFC Bank Limited
Explanation:
In December 2024, the Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry (MoC&I) entered into a Memorandum of Understanding (MoU) with Mumbai(Maharashtra) based HDFC Bank Limited, India’s largest private sector bank by assets, to provide startups with world-class banking and financial services.
The partnership aims to strengthen the startup ecosystem by providing mentorship, knowledge-sharing, and capacity-building programs to encourage innovation and growth.
Startups will receive personalized banking and financial products to meet their needs, like working capital, credit, and cash flow management.
They will also benefit from HDFC Bank’s vast network and resources, which will support their growth, investment attraction, and market presence expansion.
The DPIIT also signed an MoU with Tally Solutions Private Limited, a software company based in Bengaluru, Karnataka, to digitally empower startups in the manufacturing sector.
This partnership aims to introduce a series of workshops with modules designed to help startups tackle key challenges in financial management, compliance, marketing, digitization, and investment readiness.
Tally Solutions will provide practical training, case studies, and expert sessions to help startups improve operations, adopt scalable practices, and prepare for long-term growth. Click here to read more. - Which ministry/organisation has recently (in December ‘24) released a report “Site Adjacent Factory Employee (SAFE) Accommodation: Worker Housing for Manufacturing Growth” that highlights the importance of secure, affordable, flexible, and efficient housing solutions for industrial workers?
1) NITI Aayog
2) Confederation of Indian Industry
3) Ministry of Labour and Employment
4) Employees’ State Insurance Corporation
5) Ministry of Housing and Urban AffairsAnswer-1) NITI Aayog
Explanation:
On December 19 2024, National Institution for Transforming India (NITI) Aayog chaired by Prime Minister (PM) Narendra Modi released a report titled “Site Adjacent Factory Employee(SAFE) Accommodation: Worker Housing for Manufacturing Growth.” The report highlights the importance of secure, affordable, flexible, and efficient housing solutions for industrial workers to support India’s manufacturing growth.
The initiative was launched as part of the Union Budget 2024-25, with the aim of addressing worker accommodation challenges in industrial zones across India.
It will be executed under a Public-Private Partnership (PPP) model, with Viability Gap Funding (VGF) support and contributions from anchor industries which will lead to enhanced productivity, lower attrition and increased investment in the manufacturing sector.
The report emphasizes the need for well-planned housing near industrial hubs to ensure a stable workforce, vital for meeting India’s manufacturing targets.
Adequate housing directly impacts workforce productivity, reduces attrition rates and supports India’s vision of becoming a global manufacturing hub.
India is aiming to elevate its manufacturing sector’s contribution to Gross Domestic Product (GDP) from the current 17% to 25% as part of its long term vision of achieving ‘Viksit Bharat’ by 2047.
According to the Economic Survey 2023-24, India needs to generate 7.85 million jobs annually until 2030 to sustain its economic growth trajectory.
As the country progresses towards becoming a USD 5 trillion economy, addressing worker’s accommodation challenges is a priority. Click here to read more. - Which country has recently (in December ‘24) topped the global list for mobile malware attacks, accounting for 28% of worldwide attacks as per the “Zscaler ThreatLabz 2024 Mobile, IoT, and OT Threat Report”?
1) United States
2) Canada
3) India
4) Germany
5) SingaporeAnswer-3) India
Explanation:
According to the “Zscaler ThreatLabz 2024 Mobile, IoT, and OT Threat Report” by Zscaler Inc., headquartered in United States America(USA), India tops the list globally in mobile malware attacks, accounting for 28 % of worldwide attacks. This marks a significant jump from its previous 3rd place ranking in 2023. India surpasses the United States (US) at 27.3% and Canada at 15.9%.
A dataset covering over 20 billion threat-related mobile transactions and associated cyber threats, spanning from June 2023 to May 2024.
The United States remains the top target of Internet of Things (IoT) attacks, experiencing 81% of overall attacks, followed by Singapore, the UK, Germany, and Canada.
Manufacturing experienced the highest volume of IoT attacks, accounting for 36% of all IoT malware blocks observed, followed by transportation (14%) and food, beverage & tobacco (11%). Meanwhile, the technology and education sectors were most targeted by mobile threats.
Indian postal services are now targets for cybercriminals using SMS phishing to steal credit card details from mobile users.
Enterprises must adopt a zero-trust security framework to protect critical operations and respond to increasing threats. A significant number of these threats have the ability to bypass Multi-Factor Authentication (MFA).
Nearly 50% of mobile attacks are trojans, a type of malicious software (malware). Over 200 malicious applications were discovered on Google Play, and there was a 45% rise in IoT malware transactions, highlighting the expanding scale of cyber threats. - Which of the following points is/are ‘correct’ with respect to the Asian Development Bank (ADB’s) loan to India in December 2024?
A) Government of India (GoI) and ADB signed a USD 350 million policy-based loan agreement under the second subprogramme of Strengthening Multimodal and Integrated Logistics Ecosystem (SMILE) programme to improve and modernize India’s logistics sector.
B) The loan agreement was formalised with the involvement of the Department of Economic Affairs (DEA), Ministry of Finance (MoF); Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry (MoC&I) and ADB.
C) The Maharashtra government signed a Memorandum of Understanding (MoU) with the ADB for financial assistance of Rs 1,527 crore (USD 200 million) for Phase I of the Nagpur Metro project.
1) Only A & B
2) Only A & C
3) Only B & C
4) Only C
5) All A, B & CAnswer-1) Only A & B
Explanation:
In December 2024, the Government of India (GoI) and the Asian Development Bank (ADB) signed a USD 350 million policy-based loan agreement under the second subprogramme of Strengthening Multimodal and Integrated Logistics Ecosystem (SMILE) programme to improve and modernize India’s logistics sector.
The loan agreement was formalised with the involvement of the Department of Economic Affairs (DEA), Ministry of Finance (MoF); Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry(MoC&I) and the ADB.
SMILE program is a Programmatic policy-Based Loan (PBL), which comprises two subprograms and aims to expand India’s manufacturing sector and improve the resilience of its supply chains.
The program develops a strong policy framework to enhance logistics efficiency by strengthening institutional support for multimodal infrastructure development at national, state, and city levels.
The Maharashtra government signed a Memorandum of Understanding (MoU) with the ADB for financial assistance of Rs 1,527 crore(USD 200 million) for Phase II of the Nagpur Metro project.
ADB and the European Investment Bank (EIB) would provide a total of Rs 3,586 crore for the Nagpur Metro Rail Project Phase-II. Of the total funding, the ADB will provide Rs 1,527 crore.
The loan amount will be made available to MahaMetro through the Ministry of Housing and Urban Affairs (MoHUA). - Which bank has recently (in December ‘24) partnered with Tata Consultancy Services (TCS) to modernize the bank’s digital core for enhanced customer service?
1) World Bank
2) Bank of Namibia
3) Standard Chartered
4) Bank of Bhutan
5) Deutsche BankAnswer-4) Bank of Bhutan
Explanation:
Tata Consultancy Services (TCS) made a strategic partnership with the Bank of Bhutan, the largest commercial bank in Bhutan, to modernize the bank’s digital core for enhanced customer service.
TCS will implement its TCS BaNCS Global Banking Platform to help the bank optimize operations and provide various public services within the digital ecosystem of the country.
The platform will provide the bank with access to a wide range of components across the banking and payments sector, including customer deposits, loan management, retail services, trade finance, pricing, and more.
TCS has been a technology partner for the Bank of Bhutan, since 2016. - Which cricketer has been recently (in December ‘24) appointed as the new Brand Ambassador of Eurogrip Tyres?
1) Virat Kohli
2) Rohit Sharma
3) Jasprit Bumrah
4) Ravichandran Ashwin
5) Mahendra Singh DhoniAnswer-5) Mahendra Singh Dhoni
Explanation:
In December 2024, Eurogrip Tyres, India’s leading brand for 2, 3-wheeler and off-highway tyres announced legendary cricketer Mahendra Singh Dhoni as its new Brand Ambassador.
MS Dhoni, known for his dependability, performance and passion for riding, aligns with Eurogrip Tyres’ vision of providing riders with control and confidence on every journey.
This partnership aims to enhance the brand’s presence and appeal to motorcycle enthusiasts.
TVS Srichakra Limited(TSL), part of TVS Mobility Group, is the manufacturer of Eurogrip, TVS Eurogrip and TVS Tyres, was established in 1982. It was headquartered in Chennai(Tamil Nadu, TN). - In December 2024, CCI approved the proposal of UltraTech Cement Limited to acquire a majority stake of India Cements Limited (ICL).
In this proposed arrangement, UltraTech (Acquirer) will acquire __________ of the paid-up equity share capital of ICL (Target) from the promoters and members of the promoter group worth Rs 3,954 crore.
1) 23.68%
2) 29.85%
3) 35.27%
4) 32.72%
5) 38.54%Answer-4) 32.72%
Explanation:
In December 2024, CCI has approved the proposal of Mumbai (Maharashtra)-based UltraTech Cement Limited, a flagship company of Aditya Birla Group to acquire majority stake of Chennai (Tamil Nadu, TN)-based India Cements Limited (ICL), a public listed company in India and operates both core and non-core businesses.
In this proposed arrangement, UltraTech (Acquirer), a public listed company in India, which works primarily in the business of the manufacture and sale of grey cement, white cement, and building products in India, will acquire 32.72% of the paid-up equity share capital of ICL (Target) from the promoters and members of the promoter group of India Cements and Sri Saradha Logistics Private Limited worth Rs 3,954 crore.
CCI has also approved the proposal of UltraTech to acquire another 26% of the paid-up equity share capital of ICL from its stakeholders through an open offer worth Rs 3,142.35 crore.
Note: CCI Approved Proposal of Temasek’s Ramon to Buy Stake in Speed JVco. - For which mission, Indian Space Research Organisation (ISRO) has recently (in December ‘24) commenced the launch campaign of Human Rated Launch Vehicle Mark-3 (HLVM3-G1)/Orbital Module (OM-1) in Sriharikota, Andhra Pradesh (AP)?
1) Chandrayaan-1
2) Gaganyaan-G2
3) Chandrayaan-3
4) Gaganyaan-G1
5) Vikram-1Answer-4) Gaganyaan-G1
Explanation:
On December 18 2024, Indian Space Research Organisation (ISRO) commenced the launch campaign of Human Rated Launch Vehicle Mark-3 (HLVM3-G1)/Orbital Module (OM-1) for the Gaganyaan-G1 uncrewed mission at the Satish Dhawan Space Centre (SDSC) in Sriharikota, Andhra Pradesh (AP). The mission aims to achieve the country’s 1st crewed spaceflight and the launch began with the integration of the S200 motor segments.
The mission’s preparation includes assembling control systems, avionics and Crew Escape System elements at SDSC and the integration of the Crew Module at Vikram Sarabhai Space Centre (VSSC), Bengaluru, Karnataka.
The launch campaign of the HLVM3-G1 also coincides with the 10th anniversary of the Launch Vehicle Mark-3 (LVM3-X/CARE) which took place on December 18, 2014.
HLVM3, a modified version of the LVM3 was designed with enhanced reliability and safety features for human spaceflight.
The Orbital Module (OM) level integration and tests will take place subsequently at U R Rao Satellite Centre (URSC), formerly known as ISRO Satellite Centre (ISAC), Bengaluru, Karnataka.
HLVM3 is a large, three-stage launch vehicle with a height of 53 meters (m) and a weight of 640 tonnes (t).
It has the capability to carry payloads of up to 10 tonnes into Low Earth Orbit (LEO).
The system is engineered to operate under the most extreme conditions of human spaceflight, providing reliable performance during the mission.
The name Gaganyaan has its roots in Sanskrit translating to ‘sky and vehicle’ and the primary objective of this mission is to launch a team of astronauts into space, where they will travel at an altitude of 400 km above Earth in Low Earth Orbit (LEO) for a three-day expedition before returning by landing in the Indian Ocean. - Name the Long-Range Hypersonic Weapon (LRHW) that was recently (in December ‘24) test-fired by the United States (US) Army and US Navy in Florida, United States of America (USA).
1) Falcon Strike
2) BrahMos-II
3) Dark Eagle
4) Phantom Spear
5) Hypersonic BladeAnswer-3) Dark Eagle
Explanation:
In December 2024, the United States (US) Army, in collaboration with the US Navy, successfully test-fired its Long-Range Hypersonic Weapon (LRHW), also known as ‘Dark Eagle’ at Cape Canaveral Space Force Station in Florida, United States of America (USA). The launch was the 2nd successful end-to-end flight of the weapon’s All Up Round (AUR) in 2024 using the LRHW’s trailer based launcher system.
This event was the 1st live-fire demonstration of the system, involving both a Battery Operations Center and a Transporter Erector Launcher in the Pentagon’s hypersonic missile development program.
The aim of this initiative is to strengthen the USA’s defence capabilities, particularly in strategic regions like the South China Sea.
The Long-Range Hypersonic Weapon (LRHW) is a cutting-edge hypersonic missile developed by Lockheed Martin Corporation and Northrop Grumman Corporation.
The missile utilizes a two-stage rocket booster to carry the Navy’s Common Hypersonic Glide Body (C-HGB) to speeds exceeding Mach 5(761 meter per hour, mph).
The LRHW program is an integral part of the US military’s broader hypersonic missile initiatives.
The US Army is set to deploy the first LRHW battery by fiscal year 2025.
China has earlier deployed its DF-ZF hypersonic glide vehicle, designed for anti-ship missions and carried by the DF-17 ballistic missile.
Russia has placed its nuclear-capable Avangard hypersonic glide vehicle into service, launched atop the RS-28 Sarmat Intercontinental Ballistic Missile(ICBM). - The United Nations (UN) observed the first ever ‘World Meditation Day’ on 21st December 2024.
Which country introduced the resolution adopted by the United Nations General Assembly (UNGA) to observe December 21 as ‘World Meditation Day’?
1) Netherlands
2) Switzerland
3) Liechtenstein
4) Denmark
5) AustriaAnswer- 3) Liechtenstein
Explanation:
The United Nations(UN) observed the first ever ‘World Meditation Day’ on December 21 2024 to emphasize the profound mental, physical, and social benefits of meditation, while fostering peace and unity worldwide.
World Meditation Day is a powerful reminder of the transformative potential of meditation in navigating the complexities of contemporary life.
On November 29 2024, the United Nations General Assembly (UNGA) declared December 21 as ‘World Meditation Day’ following the unanimous adoption of a resolution co-sponsored by 6 countries comprising India, Sri Lanka, Liechtenstein, Andorra, Mexico and Nepal.
The resolution was adopted on December 6 2024, by the 193-member UNGA.
The resolution introduced by Liechtenstein, was also cosponsored by Bangladesh, Bulgaria, Burundi, the Dominican Republic, Iceland, Luxembourg, Mauritius, Monaco, Mongolia, Morocco, Portugal and Slovenia.
The declaration coincides with the day of “Winter Solstice”-December 21, a time of spiritual reflection in Indian tradition marking the beginning of Uttarayana, a period believed to be auspicious for meditation.
71 states from all geographical regions and cultural backgrounds co-sponsored the resolution which was adopted by consensus.
The UN Permanent Mission of India to the UN organized a special event with the theme “Meditation for Global Peace and Harmony” to mark the first ever ‘World Meditation Day’ at the UN headquarters in New York, United States of America (USA). Click here to read more.
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