Current Affairs Quiz:25 December 2024

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1. Which Indian Institute of Technology and Defence Research and Development Organisation (DRDO) and industry partners have recently (in December ‘24) signed 10 tripartite agreements during the event ‘DRDO-Industry-Academia – Global Approach to Readiness of Indigenous Military Applications’ (DIA-GARIMA)?
   1) IIT Delhi
   2) IIT Bombay
   3) IIT Madras
   4) IIT Kanpur
   5) IIT Goa
   
   Answer & Explanation

   Answer-1) IIT Delhi
   Explanation:
   On 19th December 2024, the Defence Research and Development Organisation (DRDO), Indian Institute of Technology (IIT) Delhi and industry partners signed 10 tripartite agreements during the event ‘DRDO-Industry-Academia – Global Approach to Readiness of Indigenous Military Applications’ (DIA-GARIMA) organised by DRDO-Industry-Academia Centre of Excellence (DIA-CoE) at IIT Delhi, Delhi.
    The agreement was signed in the presence of  Dr Samir V Kamat, Secretary, Department of Defence Research & Development (R&D), Ministry of Defence(MoD) and Chairman of DRDO, Professor Rangan Banerjee, Director of IIT Delhi, and industry representatives.
    DRDO has implemented a policy to involve universities and industries in defence research, aiming to enhance advanced defence technologies and promote the “Aatmanirbhar Bharat” initiative for self-reliance in defence production.
    Transfer of Technology for LightWeight Bullet Resistant Jacket (ABHED- Advanced Ballistic High Energy Defeat) partners with three industry partners.
    A Memorandum of Agreement (MoA) has been signed with Mumbai(Maharashtra) based Reliance Industries Limited (RIL) for the development of indigenous ballistic materials.
    MoA has been signed with three industries for the limited series production of Extreme Cold Weather Clothing.
    MoA was signed for limited series production of Extreme Heat Protective Clothing with three industries.
   
   
   
2. Which state has recently (in December ‘24) topped among all states in India rooftop solar installations under ‘Prime Minister -Surya Ghar: Muft Bijli Yojana (PMSGMBY)’ as per the data released by Ministry of New and Renewable Energy?
   1) Maharashtra
   2) Uttar Pradesh
   3) West Bengal
   4) Kerala
   5) Gujarat
   
   Answer & Explanation

   Answer-5) Gujarat
   Explanation:
   According to the Ministry of New and Renewable Energy (MNRE) data released in December 2024, Gujarat, Maharashtra and Uttar Pradesh (UP) are the top 3 states with the highest number of rooftop solar installations under ‘Prime Minister -Surya Ghar: Muft Bijli Yojana(PMSGMBY)’.
    As per the data, Gujarat has topped among all states in the country with 2,86,545 rooftop solar installations, followed by Maharashtra (with 1,26,344 installations) and UP (with 53,423 installations) ranked at 2nd and 3rd spot, respectively.
    As of December 9, 2024, more than 6.79 lakh installations (total households covered) have been completed since the launch of scheme in February 2024.
    So far, total 1.45 crore registrations and 26.38 lakh applications have been registered on the National Portal of the scheme and also subsidies have been disbursed to 3.66 lakh applicants.
    The data showed that 6 states: Gujarat, Maharashtra, UP, Kerala (with over 56,000 installations), Tamil Nadu (TN) (with over 21,000 installations), and Rajasthan (with over 20,000), collectively account for about 88% of the total rooftop solar installations to date.
    The Union Cabinet chaired by Prime Minister (PM) Narendra Modi approved the PM-Surya Ghar: Muft Bijli Yojana on 29th February, 2024.
    The Government of India (GoI) has allocated Rs 75,021 crore for the scheme and is to be implemented till Financial Year 2026-27 (FY27).
    The scheme offers households a subsidy of up to 40% to install solar panels on roofs.
    The scheme is expected to generate an additional 30 GigaWatt (GW) of solar capacity through residential rooftop installations.
    The scheme which aims to cover 1 crore households, will further help the Government to save  Rs 75,000 crore annually in electricity costs.
    The scheme is expected to generate 1,000 billion units of electricity and reduce Carbon Dioxide (CO2) emissions by 720 million tonnes. Click here to read more.
   
   
   
3. Name the mobile application(app) that was recently (in December ‘24) launched by Indian Railways (IR) to boost passenger safety by improving the training of frontline safety personnel.
   1) e-Sakshya
   2) Sanraksha
   3) Lokpath
   4) Rangeen Machhli
   5) Bhooskhalan
   
   Answer & Explanation

   Answer-2) Sanraksha
   Explanation:
   In November 2024, Indian Railways(IR) introduced the Pan-India ‘Sanraksha’ mobile application(app), which aims to boost passenger safety by improving the training of frontline safety personnel. The app integrates advanced technologies, including data analytics and Artificial Intelligence (AI), to provide smart learning and real-time feedback.
    The app was launched following the success of a pilot project in the Nagpur division of Maharashtra and is set to be expanded across 16 divisions, including the Hyderabad South Central Railway (SCR) zone.
    It offers immediate assessments of learning progress and ensures on-demand access to resources.
    It reinforces the Railways’ commitment to developing more skilled and safety-conscious employees, contributing to a safer transportation system.
   
   
   
4. In December 2024, the Securities and Exchange Board of India (SEBI) notified a new asset class “Specialised Investment Fund (SIF)” between Portfolio Management Services (PMS) and Mutual Funds (MFs). As per SEBI directions, what is the minimum investment amount for the new asset class, except for accredited investors?
   1) Rs 5 lakh or above
   2) Rs 10 lakh or above
   3) Rs 20 lakh or above
   4) Rs 30 lakh or above
   5) Rs 50 lakh or above
   
   Answer & Explanation

   Answer-2) Rs 10 lakh or above
   Explanation:
   In December 2024, the Securities and Exchange Board of India (SEBI) notified a new asset class  “Specialised Investment Fund (SIF)” between Portfolio Management Services (PMS) and Mutual Funds (MFs). As per the SEBI directions, the new asset class will accept investments of Rs 10 lakh or above across all investment strategies. However, accredited investors are exempted from the requirement of minimum investment amount.
    The primary objective of introducing this new asset class is to bridge the gap between MFs and PMS, while ensuring robust risk management and investor protection.
    The notification came following the amendment made to the SEBI (Mutual Funds) Regulations, 1996.
    As per the new rules, it is mandatory for the fund manager of SIFs to have the relevant National Institute of Securities Market (NISM) certification.
    As per the new SIF regulations, an investment strategy is not allowed to invest more than 20% of its Net Asset Value (NAV) in debt instruments including money market instruments as well as non-money market instruments issued by a single issuer and are not investment grade.
    For equity investments, the investment limit on single-company exposure is set at 10% of the total assets. But, the ownership limit for a company has been increased to 15%.
    SIFs are allowed to allocate maximum 20% of their assets to Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs), but their investment should not exceed 10% in any single issuer. Click here to read more.
   
   
   
5. In December 2024, Max Life Insurance Company Limited (MLICL) was officially rebranded as __________ Max Life Insurance Company Limited following corporate and regulatory approvals.
   1) Axis
   2) Bajaj
   3) Canara
   4) Kotak
   5) Federal
   
   Answer & Explanation

   Answer-1) Axis
   Explanation:
   In December 2024, Max Life Insurance Company Limited (MLICL) has officially rebranded as Axis Max Life Insurance Company Limited (AMLICL) following corporate and regulatory approvals. The updated brand identity is represented by a new logo through the inclusion of Axis’s ‘A’ and a burgundy colour.
    Axis Max Life Insurance Limited is a joint venture between Max Financial Services Limited (MFSL) and Axis Bank Limited.
    Axis Bank’s board of directors approved the plan to buy more shares in Max Life, increasing its total stake in the company to 19.99% from 19.02%. As a result, MFSL’s stake in Max Life decreased from 87% to 81%.
    The visual merger of Axis and Max represents stronger trust in the brand, captured through the ‘Double Bharosa’ campaign, featuring brand ambassador Rohit Sharma, captain of the Indian cricket team, and his wife, Ritika Sajdeh.
    The combination of two trusted names in financial services will help the company reach its long-term growth goals by expanding strategically beyond metro and tier 1 cities.
   
   
   
6. Which of the following points is/are ‘correct’ with respect to the FIFA (Fédération Internationale de Football Association) Football Awards ceremony 2024 held in Doha, Qatar on 17th December 2024?
   A) Emiliano Martinez(Argentina) won the Best FIFA Men’s Player of the Year Award for his exceptional contributions in 2024.
   B) Aitana Bonmatí (Spain) won the FIFA Women’s Player of the Year Award for her crucial role in Barcelona’s domestic treble and their Champions League success.
   C) A new award has been introduced for Women’s football. The award has been named after Marta Vieira da Silva, who has retired from professional football after 20 years of excellent service for Women’s football.
   1) Only A & B
   2) Only A & C
   3) Only B & C
   4) Only C
   5) All A, B & C
   
   Answer & Explanation

   Answer-3) Only B & C
   Explanation:
   The Best FIFA(Fédération Internationale de Football Association) Football Awards ceremony 2024 was held in Doha, Qatar, on 17 December 2024.
    Vinicius Junior (Brazil) won the Best FIFA Men’s Player 2024 Award for his exceptional contributions in 2024.
    Aitana Bonmati (Spain) won the Best FIFA Women’s Player 2024 Award for the second consecutive year. Her crucial role in Barcelona’s domestic treble and their Champions League success, alongside her performances for Spain, solidified her position as the best in women’s football.
    This year, a new award has been introduced for Women’s football. The award has been named after Marta Vieira da Silva, who has retired from professional football after 20 years of excellent service for Women’s football.
    Marta Vieira da Silva (Brazil) received the inaugural Marta Award, celebrating the best goal in women’s football. The award is given to the female footballer, who scored the best goal in the concerned calendar year.
    Alejandro Garnacho (Argentina) won the Puskas Award for the best goal of 2024 for his breathtaking overhead kick for Manchester United FC against Everton (North Liverpool) in November 2023.
    Carlo Ancelotti (Italy)- Best Men’s Coach of the Year for guiding Real Madrid CF to a league and Champions League doubles.
    Emma Hayes (USA) – Best Women’s Coach of the Year as she led Chelsea FC to a 5 th consecutive (2020,2021,2022,2023,2024) Women’s Super League title.
    Emiliano Martinez (Argentina)- Best Men’s goalkeeper of the Year.
    Alyssa Naeher (USA) – Best Women’s goalkeeper of the Year. Click here to read more.
   
   
   
7. Who were recently (in December ‘24) honored with knighthood and damehood by King Charles III for their contributions to the film industry?
   1) Martin Scorsese and Thelma Schoonmaker
   2) Steven Spielberg and Kate Capshaw
   3) Tom Hanks and Rita Wilson
   4) Christopher Nolan and Emma Thomas
   5) James Cameron and Suzy Amis
   
   Answer & Explanation

   Answer-4) Christopher Nolan and Emma Thomas
   Explanation:
   In December 2024, Oscar award winning filmmaker Christopher Nolan and his wife, Emma Thomas were honored with royal honors ‘knighthood’ and ‘damehood’, respectively, by King Charles III for their remarkable contributions to the film industry in a ceremony held at Buckingham Palace in London, the United Kingdom (UK).
    The couple has worked together on numerous blockbuster films since 1997 through their Syncopy production company.
    An honor knighthood is a title bestowed upon men and an honor damehood is a title bestowed upon women.
    Christopher Nolan, the director of Oppenheimer, Inception, and Interstellar has earned global recognition for his visionary film making.
    Emma Thomas has worked as a producer on all of his films, including Memento (2000), Batman Begins (2005) and The Prestige (2006).
    Christopher Nolan and his wife, Emma Thomas are best known for their successful collaborations on films such as: Insomnia (2002), The Dark Knight Trilogy (2008-2012), Inception (2010), Interstellar (2014), Dunkirk (2017), Tenet (2020) and Oppenheimer (2023).
    Their work has received critical acclaim, with ‘Oppenheimer’ winning 7 Academy Awards, including ‘Best Picture’ and grossing over USD 976 million worldwide.
    In March 2024, Christopher Nolan received his 1st Oscar for “Best Director for the film” Oppenheimer, which stars Cillian Murphy at the 96th Academy Awards.
    Emma Thomas is the first British female producer to win the Oscar for Best Picture for Christopher Nolan’s biographical thriller Oppenheimer.
   
   
   
8. Which cricket team has recently (in December ‘24) won the 1st edition of Asian Cricket Council (ACC) Under (U)-19 Women’s T20 Asia Cup 2024 by defeating Bangladesh in Kuala Lumpur, Malaysia?
   1) India
   2) Nepal
   3) Sri Lanka
   4) Pakistan
   5) Malaysia
   
   Answer & Explanation

   Answer-1) India
   Explanation:
   India defeated Bangladesh by 41 runs in the final to win the 1st edition of Asian Cricket Council (ACC) Under (U)-19 Women’s T20 Asia Cup 2024 being held at the Bayuemas Oval in Kuala Lumpur, Malaysia on 22nd December 2024.
    The tournament was held from 15th December to 22nd December 2024 in Kuala Lumpur, Malaysia.
    The Indian team was captained by Niki Prasad while the Bangladesh team was captained by Sumaiya Akter.
    The Indian team won the tournament title followed by Bangladesh on the 2nd spot and Nepal on the 3rd position.
    India’s Gongadi Trisha won the Player of the Match award in the finals. She was also the Player of the Series and the top scorer in the tournament with 159 runs in 5 innings.
    A total of 6 teams participated – four Asian full members (Bangladesh, India, Pakistan and Sri Lanka) and with hosts Malaysia and Nepal, who qualified for the tournament as the winner of the Women’s U-19 Asia Qualifier 2025.
   
   
   
9. Who has recently (in December ‘24) won gold medals in the International Chess Federation (FIDE) World Youth Under (U)-18 Open Rapid and Blitz events held in Brezice, Slovenia?
   1) Alexander Khripachenko
   2) Eline Roebers
   3) Roman Pyrih
   4) Dmitry Mochalov
   5) Pranav Venkatesh
   
   Answer & Explanation

   Answer-5) Pranav Venkatesh
   Explanation:
   Indian grandmaster Pranav Venkatesh won gold medals on 17th December 2024 in the International Chess Federation (FIDE) World Youth Under (U)-18 Open Rapid and Blitz events held at the Terme Catez Hotel in Brezice, Slovenia.
    The tournament was held from 13th December to 17th December 2024.
    In the Rapid Category, he secured a total of 9.5 points to win a gold medal. Russia’s Alexander Khripachenko won silver with 9 points, while Ukraine’s Roman Pyrih earned the bronze with 7.5 points.
    In the Blitz Category, Pranav scored 19.5 points, finishing at the top. Russia’s Dmitry Mochalov secured silver with 15.5 points, while Khripachenko (Russia) won a bronze medal with 14.5 points.
    Pranav was the only Grandmaster competing in the entire event, which included six categories across both Rapid and Blitz formats.
    International Master Eline Roebers (Netherlands) was the only female participant in the open events. She was also one of just two players to defeat Pranav in the blitz format.
    Pranav earned the Grandmaster title in 2022 after securing his third norm at the 2022 Limpedea Cup, becoming the 75th grandmaster in Indian history.
   
   
   
10. National Mathematics Day (NMD) is celebrated annually on December 22 to mark the birth anniversary of the Indian mathematician, Srinivasa Ramanujan.
    22 December 2024 marks the _______ birth anniversary of Srinivasa Ramanujan.
    1) 119th
    2) 123rd
    3) 137th
    4) 146th
    5) 158th
    
    Answer & Explanation

    Answer-3) 137th
    Explanation:
    National Mathematics Day(NMD), celebrated annually on December 22 to mark the birth anniversary of the Indian mathematician, Srinivasa Ramanujan.
     This day is celebrated to raise awareness about the importance of mathematics for the growth of humanity and to recognise the contributions made by Ramanujan, to mathematics.
     22 December 2024 marks the 137th birth anniversary of Srinivasa Ramanujan.
     National Mathematics Day(NMD) was introduced by former Prime Minister(PM) Manmohan Singh on 26 December 2011 at Madras University, to mark the 125th birth anniversary of the Indian mathematician Srinivasa Ramanujan who was born on 22 December 1887.
     The first NMD was celebrated on December 22, 2012.
     Srinivasa Ramanujan started developing his theories in mathematics and published his first paper in 1911.
     He was the 1st Indian to be elected as a Fellow of Trinity College, Cambridge (UK).
     Robert Kanigel, an American Biographer, authored the biography of Ramanujan titled “Man Who Knew Infinity: A Life of the Genius Ramanujan” in 1991.
     In 1914, he found a formula for infinite series for pi, which forms the basis of many algorithms used today.
     1729 is known as the Ramanujan number which is the sum of the cubes of two numbers 10 and 9.
     The 2024 SASTRA Ramanujan Prize was awarded to Dr. Alexander Dunn of the Georgia Institute of Technology (Georgia Tech), the United States of America(USA). It has been awarded annually since 2005.
     Ruochuan Liu of Peking University, China, was awarded the 2024 DST-ICTP-IMU Ramanujan Prize “for his fundamental contributions to p-adic Hodge theory. Click here to read more.