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Current Affairs Quiz:28 November 2024

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  1. Which of the following points is/are correct with respect to the approval of the Union Cabinet chaired by Prime Minister Narendra Modi on 25th November 2024?
    A) The Union Cabinet has approved the continuation of the Atal Innovation Mission (AIM), a flagship initiative of the Government of India (GoI) under NITI Aayog with an enhanced scope of work.
    B) It has approved the One Nation One Subscription (ONOS), a new central sector scheme (CSS) for providing seamless, countrywide access for higher education and central government Research & Development (R&D) laboratories.
    C) It has approved the launch of the National Mission on Natural Farming (NMNF), which will be a standalone Centrally-Sponsored Scheme under the Ministry of Health and Family Welfare.

    1) Only A & B
    2) Only A & C
    3) Only B & C
    4) Only C
    5) All A, B & C
    Answer-1) Only A & B
    Explanation:
    The Union Cabinet chaired by Narendra Modi, Prime Minister (PM) of India, has approved the following on 25th November 2024.
     The Union Cabinet has approved the continuation of the Atal Innovation Mission (AIM), a flagship initiative of the Government of India (GoI) under the National Institution for Transforming India (NITI Aayog), with an enhanced scope of work.
     It has approved the One Nation One Subscription (ONOS), a new central sector scheme (CSS) for providing seamless, countrywide access to scholarly research articles and journals for higher education and central government Research & Development (R&D) laboratories.
     It has approved the launch of the National Mission on Natural Farming (NMNF), which will be a standalone Centrally-Sponsored Scheme under the Ministry of Agriculture & Farmers’ Welfare (MoA&FW).
     It has approved a proposal to waive off Bank Guarantee (BG) requirement for securitization of deferred spectrum installments auctioned before 2012. Click here to read more.

  2. Which of the following points is/are correct with respect to the approval of the Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi on 25th November 2024?
    A) The Cabinet Committee on Economic Affairs (CCEA) has approved the Permanent Account Number 2.0 (PAN 2.0) Project of the Income Tax (IT) Department with a budget outlay of Rs 1,435 crore.
    B) It has approved 3 multi-tracking projects across Indian Railways (IR) with budget outlay of nearly Rs 7,927 crore and will be completed in 4 years.
    C) It has approved the investment proposal worth Rs 1,750 crore for construction of Tato-I Hydro Electric Project (HEP) in Shi Yomi district of Arunachal Pradesh (AR).

    1) Only A & B
    2) Only A & C
    3) Only B & C
    4) Only C
    5) All A, B & C
    Answer-5) All A, B & C
    Explanation:
    The Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi has approved the following on 25th November 2024.
     The CCEA has approved the Permanent Account Number 2.0 (PAN 2.0) Project of the Income Tax (IT) Department, with a budget outlay of Rs 1,435 crore.
     It has approved 3 multi-tracking projects across Indian Railways (IR) with budget outlay of nearly Rs 7,927 crore and will be completed in 4 years.
     It has approved the investment proposal worth Rs 1,750 crore for construction of Tato-I Hydro Electric Project (HEP) in Shi Yomi district of Arunachal Pradesh (AR).
     It has approved the investment proposal worth Rs 1, 939 crore for the construction of Heo HEP in Shi Yomi district of Arunachal Pradesh (AR). Click here to read more.

  3. Which ministry has recently (in November ‘24) signed a tripartite MoU with the Banaras Hindu University and the Ministry of Education to provide enhanced funding and technical support to Institute of Medical Sciences (IMS), institutes of BHU in Varanasi, Uttar Pradesh?
    1) Ministry of Science and Technology
    2) Ministry of Health and Family Welfare
    3) Ministry of Housing and Urban Affairs
    4) Ministry of Information and Broadcasting
    5) Ministry of Commerce and Industry
    Answer-2) Ministry of Health and Family Welfare
    Explanation:
    The Ministry of Health and Family Welfare (MoH&FW) signed a tripartite Memorandum of Understanding (MoU) with the Banaras Hindu University (BHU), and Ministry of Education (MoE) to provide enhanced funding and technical support to Institute of Medical Sciences (IMS), institutes of BHU in Varanasi, Uttar Pradesh (UP).
     Union Minister J P Nadda, MoH&FW and Union Minister, Dharmendra Pradhan, MoE were present during the signing.
     The MoU focuses on enhancing funding and technical support for IMS (BHU), to advance healthcare, education, and research in India.
     The MoU provides for grant-in-aid to IMS (BHU) by MoHFW, similar to the funding provided to new All India Institutes of Medical Sciences (AIIMS) under the Pradhan Mantri Swasthya Suraksha Yojana (PMSSY).
     This collaboration is a step toward transforming IMS, BHU into a global center of excellence. By addressing the medical needs of eastern Uttar Pradesh and neighboring states.

  4. Which department has recently (in November ‘24) organized an Official Language Award ceremony to honor the winners of essay and poetry competitions with Rajbhasha Awards held during “Hindi Pakhwada”?
    1) Department of Official Language
    2) Department of School Education & Literacy
    3) Department of Law and Order
    4) Department of Telecommunications
    5) Department of Animal Husbandry, Dairying and Fisheries
    Answer-5) Department of Animal Husbandry, Dairying and Fisheries
    Explanation:
    On 13th November 2024, the Department of Animal Husbandry, Dairying & Fisheries (DADF), Ministry of Fisheries, Animal Husbandry & Dairying (MoFA&D) organized an Official Language Award ceremony to honor the winners of essay and poetry competitions with Rajbhasha Awards held during “Hindi Pakhwada” in September 2024.
     Minister of State (MoS) Prof. Satya Pal (SP) Singh Baghel, MoFA&D presented certificates to the winners of the All India essay and poetry competitions.
     The event, chaired by Alka Upadhyaya, Secretary of DAHD, and attended by senior officials.
     MoS Prof. Satya Pal (SP) Singh Baghel has launched the second edition of the DADF’s official language magazine, Surabhi.
     The magazine highlights the department’s efforts to promote Hindi, featuring articles, poetry, and essays by employees.

  5. According to the Sustainable Trade Index (STI) 2024, India ranked _______ globally with an overall score of 24 out of 100.
    1) 19th
    2) 21st
    3) 22nd
    4) 23rd
    5) 24th
    Answer-4) 23rd
    Explanation:
    According to the Sustainable Trade Index (STI) 2024, India, which is the 5th largest economy in the world, ranked at 23rd position globally with an overall score of 24 out of 100. India has improved its ranking by 1 place from 24th spot in 2023.
     As per the STI 2024, New Zealand has again emerged as the “most sustainable trade economy” for the 3rd consecutive year with an overall score of 100.
     United Kingdom (UK), ranks 2nd ,followed by Australia in 3rd position respectively.
     India’s STI 2024 and its ranking position of three pillars:16th in Economic Resilience, 28th in Societal Pillar,28th in Environmental Pillar.
     This is the 3rd edition of the STI, which is published annually by the International Institute for Management Development (IMD) World Competitiveness Center (WCC) and the Hinrich Foundation since 2022.
     The countries are ranked in STI based on 3 main pillars: economic growth, societal advancement, and environmental resilience.
     India’s STI 2024 and its ranking position of three pillars: 16th in Economic Resilience (Score: 62.3) shows a strong economy. 28th in Societal Pillar (Score: 13.32) due to poverty, inequality, and lack of amenities. 28th in Environmental Pillar (Score: 43.1) amid air pollution, deforestation, and water scarcity. Click here to read more.

  6. According to the Reserve Bank of India (RBI)’s data released on 20th November 2024, the net inflows through External Commercial Borrowings (ECBs) has increased from USD 6.8 billion in 1st Half (H1: April-September) of Financial Year 2023-24 (FY24) to ______________ in H1FY25.
    1) USD 7.1 billion
    2) USD 7.3 billion
    3) USD 7.6 billion
    4) USD 7.8 billion
    5) USD 7.9 billion
    Answer-5) USD 7.9 billion
    Explanation:
    According to the Reserve Bank of India (RBI)’ November monthly bulletin data released on 20th November 2024, the net inflows through External Commercial Borrowings (ECBs) has increased from USD 6.8 billion in 1st Half (H1: April-September) of Financial Year 2023-24 (FY24) to USD 7.9 billion in H1FY25.
     As per the “State of Economy” report in RBI’s November bulletin, nearly 50% of the new ECBs registered during H1FY25 were intended for capital expenditure including on-lending and sub-lending for capex.
     ECBs for import/local sourcing of capital goods dropped to  USD 1.3 billion in H1FY25 from 9.4 billion in H1FY24.
     The ECBs for working capital and general corporate  increases from USD 4.0 billion (in H1FY24) to USD 10.2 billion (in H1FY25).
     According to the RBI’s data, outward remittances under the RBI’s Liberalised Remittance Scheme (LRS) declined by 14.88% Year-on-Year (Y-o-Y) during the H1FY25, mainly attributed to decrease across major segments.
     Remittances for the maintenance of close relatives decreased significantly by 37.17% Y-o-Y to USD 1.92 billion from USD 3.05 billion.
     As per the RBI’s data, Gross Foreign Direct Investment (FDI) in India has increased by 25.7% Y-o-Y, from USD 33.5 billion (in H1FY24) to USD 42.1 billion (H1FY25). Click here to read more.

  7. Which bank has recently (in November ‘24) signed a Memorandum of Understanding (MoU) with Maldives Monetary Authority (MMA) for establishing a framework to promote the use of local currencies for cross-border transactions?
    1) Indian Overseas Bank
    2) World Bank
    3) Reserve Bank of India
    4) Asian Development Bank
    5) Punjab National Bank
    Answer-3) Reserve Bank of India
    Explanation:
    On 21st November 2024, the Reserve Bank of India (RBI) and the Maldives Monetary Authority (MMA) signed a Memorandum of Understanding (MoU) for establishing a framework to promote the use of local currencies i.e. the Indian Rupee (INR) and the Maldivian Rufiyaa (MVR) for cross-border transactions.
     The agreement was signed by Shaktikanta Das, Governor of RBI and Ahmed Munawar, Governor of MMA in Mumbai, Maharashtra.
     This partnership marks a major milestone in strengthening bilateral cooperation between RBI and MMA.
     The MoU aims to boost the use of INR and MVR in current account transactions, permissible capital account transactions and any other economic and financial transactions as agreed upon by both nations.
     The Use of local currencies in bilateral transactions will help to promote trade between India and Maldives as well as deepen financial integration and bolster the economic relations between both nations.

  8. Who has recently (in November ‘24) took over as the President of Federation of Indian Chambers of Commerce and Industry (FICCI) for 2024-25?
    1) Harsha Vardhan Agarwal
    2) Sanjiv Mehta
    3) Subhrakant Panda
    4) Anish Shahat
    5) Vijay Shankar
    Answer-1) Harsha Vardhan Agarwal
    Explanation:
    On November 21 2024, Harsha Vardhan Agarwal, Vice Chairman and Managing Director (MD) of Emami Group Limited, took over as the President of Federation of Indian Chambers of Commerce and Industry (FICCI) for 2024-25, during the FICCI’s 97th Annual Convention held in New Delhi (Delhi).
     Prior to this, he served as the senior vice president of FICCI.
     He succeeds Anish Shahat, Chief Executive Officer (CEO) and the Managing Director (MD) of the Mahindra Group & Mahindra Limited(M&M).
     He is a member of the Young Presidents’ Organisation and also a member of the Executive Committee of Indian Chamber of Commerce.
     In 2016, he was awarded as one of India’s “Hottest Young Business Leaders” in the prestigious ‘FORTY UNDER 40’ list by the Economic Times(ET) & Spencer Stuart.
     Anant Goenka, Vice Chairman of Mumbai (Maharashtra) based Rama Prasad Goenka (RPG) Group has been elevated to Senior Vice President from the position of Vice President.
     Vijay Shankar, Chairman of Chennai, Tamil Nadu (TN) based Sanmar Group (Chennai) also appointed as the Vice President of FICCI.

  9. Which Indian actor has been recently (in November ‘24) appointed as Brand Ambassador and Tourism Advisor for Thailand?
    1) Sonu Sood
    2) Rajinikanth
    3) Salman Khan
    4) Ranveer Singh
    5) Shah Rukh Khan
    Answer-1) Sonu Sood
    Explanation:
    Sonu Sood, an Indian actor and philanthropist, has been appointed as  Brand Ambassador and Tourism Advisor for Thailand, aiming to promote tourism between India and Thailand.
     The Ministry of Tourism and Sports of Thailand has appointed him to provide strategic guidance and advice on marketing and public relations to promote Thailand as a prime tourist destination in India.
     Sonu Sood has now joined a list of celebrities who represent countries worldwide, including Shah Rukh Khan, the Brand Ambassador for Dubai( United Arab Emirates(UAE) and Ranveer Singh, who represents Switzerland.
     He helped thousands of stranded migrant workers return home during the pandemic, earning him the title of “Messiah of Migrants.”

  10. Which Indian archer won the Gold medal in the Women’s Compound event in the GT Open 2024 – Indoor World Series (IWS) 250 event held from 15th to 17th November 2024 in Strassen, Luxembourg?
    1) Aditi Swami
    2) Deepika Kumari
    3) Parneet Kaur
    4) Jyothi Surekha Vennam
    5) Ankita Bhakat
    Answer- 4) Jyothi Surekha Vennam
    Explanation:
    India finished 3rd on the medal tally with 2 medals (1 Gold and 1 Silver) at the GT Open 2024 – Indoor World Series (IWS) 250 event held from 15th to 17th November 2024 in Strassen, Luxembourg. Indian archer Jyothi Surekha Vennam won the Gold medal in the Women’s Compound event and Abhishek Verma won the silver medal in the Men’s compound event.
     The Netherlands topped the medal tally with 2 gold medals followed by Croatia at 2nd rank with 3 medals (1 gold, 1 silver and 1 bronze). South Korea and India were jointly ranked 3rd with 2 medals (1 Gold and 1 Silver) each.
     Jyothi’s Gold at GT Open marks her 2nd medal in indoor events in 2024. She previously won the bronze in the JVD Open championship held at Eindhoven, the Netherlands in November 2024.
     Abhishek Verma has become the 1st Indian to hit a perfect 600 in the qualification round of an international event to qualify as the highest-ranked player.
     Jyothi Vennam won 3 silver medals in the 2021 World Archery Championships becoming the first Indian to do so and has won 1 gold, 4 silver and 3 bronze medals in the World Archery Championships.
     In 2023, Jyoti won 3 gold medals in the 2022 Asian Games becoming the first Indian to win multiple gold medals in archery.
     She also won the gold medal in the individual and mixed team event at the 2024 Archery World Cup in Shanghai, China. Click here to read more.