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Current Affairs Quiz:3 July 2024

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  1. Which ministry has recently (in June’24) celebrated the 9th anniversary of three key initiatives: the Atal Mission for Rejuvenation and Urban Transformation (AMRUT), the Smart Cities Mission, and Pradhan Mantri Awas Yojana – Urban (PMAY-U)?
    1) Ministry of Home Affairs
    2) Ministry of Commerce and Industry
    3) Ministry of Rural Development
    4) Ministry of Housing and Urban Affairs
    5) Ministry of Labour and Employment
    Answer-4) Ministry of Housing and Urban Affairs
    Explanation:
    i.On June 25, 2024, the Ministry of Housing and Urban Affairs (MoHUA) celebrated the 9th anniversary of three key initiatives: the Atal Mission for Rejuvenation and Urban Transformation (AMRUT), the Smart Cities Mission, and Pradhan Mantri Awas Yojana – Urban (PMAY-U).
    ii.Launched on June 25, 2015, by Prime Minister Narendra Modi, these programs have significantly enhanced urban infrastructure and improved the quality of life for millions in India.
    iii.AMRUT 2.0, an extension of the original AMRUT mission, focuses on enhancing urban infrastructure, particularly in water supply, sewerage, and water body rejuvenation.
    iv.PMAY-U aims to provide all-weather pucca houses with basic amenities to urban India’s eligible beneficiaries.
    v.The Smart Cities Mission has transformed 100 cities through over 8,000 projects totaling approximately Rs 1.6 lakh crore.

  2. The Ministry of Environment, Forest and Climate Change (MoEF&CC) launched the ‘Fauna of India Checklist Portal’ at the event organised to celebrate the 109th Foundation Day of ______________ on 30th June 2024.
    1) ICAR-Central Marine Fisheries Research Institute (CMFRI)
    2) National Safety Council (NSC)
    3) Zoological Survey of India (ZSI)
    4) Forest Research Institute (FRI)
    5) Wildlife Institute of India (WII)
    Answer-3) Zoological Survey of India (ZSI)
    Explanation:
    On 30th June 2024, Union Minister Bhupender Yadav, Ministry of Environment, Forest and Climate Change (MoEF&CC) launched the ‘Fauna of India Checklist Portal,’ the 1st comprehensive document on the faunal species reported from India.
    • The checklist was launched during the event organised to mark the celebration of the 109th Foundation Day of the Zoological Survey of India (ZSI) in Kolkata, West Bengal.
    • With this, India becomes the 1st country to prepare a comprehensive checklist of its entire fauna, covering 1,04,561 species.
    • Union Minister Bhupender Yadav launched ‘Animal Discoveries–2023’ of ZSI, comprising 641 new animal species discovered published by scientists and experts from India during 2023.
    • He also launched ‘Plant Discoveries-2023’ of the Botanical Survey of India (BSI), comprising 339 taxa discovered in 2023.Click here to read more

  3. The report titled ‘Payroll Reporting in India: An Employment Perspective January to April 2024’ released by ________________, highlights a decline in gross new subscribers addition to the EPFO for FY24 by over 4% to 10.9 million as compared to FY23.
    1) Employees’ Provident Fund Organisation (EPFO)
    2) Ministry of Statistics and Programme Implementation (MoSPI)
    3) Pension Fund Regulatory and Development Authority (PFRDA)
    4) Employees’ State Insurance Corporation (ESIC)
    5) Ministry of Labour and Employment (MoL&E)
    Answer-2) Ministry of Statistics and Programme Implementation (MoSPI)
    Explanation:
    The Ministry of Statistics and Programme Implementation (MoSPI) released a report titled ‘Payroll Reporting in India: An Employment Perspective January to April, 2024‘ which highlights a decline in gross new subscribers/members addition to the Employees’ Provident Fund Organisation (EPFO) for the Fiscal Year 2023-24 (FY24) by over 4% to 10.9 million as compared to FY 2022-23 (FY23).
    • EPFO recorded 10,993,119 gross additions of new members FY24 as compared to 11,498,453 in FY23.
    • The Employees’ State Insurance Corporation (ESIC) also saw a slight dip in new member additions to 16,760,672 in 2023-24 from 16,773,023 in 2022-23.
    • The National Pension Scheme (NPS) saw an increase in new subscribers, rising to 9,37,020 in 2023-24 from 8,24,735 in 2022-23.

  4. Which bank has recently (in July’24) joined Project Nexus, an international initiative that aims to facilitate instant cross-border retail payments by linking domestic Fast Payments Systems (FPSs) through a unified platform?
    1) National Housing Bank(NHB)
    2) Reserve Bank of India (RBI)
    3) National Bank for Agriculture and Rural Development (NABARD)
    4) Small Industries Development Bank of India (SIDBI)
    5) Export-Import Bank of India (EXIM Bank)
    Answer-2) Reserve Bank of India (RBI)
    Explanation:
    On July 1, 2024, the Reserve Bank of India (RBI) has joined Project Nexus, a multilateral international initiative aimed at facilitating instant cross-border retail payments by interlinking domestic Fast Payments Systems (FPSs) through a unified platform.
    • Project Nexus is conceptualized by the Innovation Hub of the Basel, Switzerland-based Bank for International Settlements (BIS) to streamline and standardize the connection between domestic Instant Payment Systems (IPS) worldwide.
    • It is the first BIS project in payments moving towards live implementation.
    • It aims to connect the FPSs of Malaysia, Philippines, Singapore, Thailand, and India as the founding members, and first mover countries of the platform.
    • An agreement for the same was signed by the BIS and the Central Banks of the founding countries viz. Bank Negara Malaysia (BNM), Bank of Thailand (BOT), Bangko Sentral ng Pilipinas (BSP), Monetary Authority of Singapore (MAS), and the RBI on June 30, 2024, in Basel, Switzerland.
    • The platform is expected to go live by 2026, with the potential for future expansion.

  5. Which bank has recently (in July 2024) launched “MSME-Sahaj,” a web-based digital business loan solution for micro, small, and medium enterprises (MSME) invoice financing?
    1) YES Bank
    2) HDFC Bank
    3) Bank of Baroda
    4) State Bank of India
    5) Bank of India
    Answer-4) State Bank of India
    Explanation:
    State Bank of India (SBI), India’s largest Public Sector Bank (PSB), has launched “MSME-Sahaj”, web-based digital business loans solutions for Micro, Small and Medium Enterprises (MSMEs) invoice financing.
    • Objective: To offer “on tap” short-term credit to meet the capital needs of MSME units who are part of Goods and Services Tax (GST) regime.
    • Using MSME Sahaj, the SBI customers can avail finance or loan against their GST-registered sales invoices of up to Rs 1 lakh.

  6. Who has been recently (in June ‘24) selected as the 27th Chairman of the State Bank of India (SBI) by the Financial Services Institution Bureau (FSIB)?
    1) Challa Sreenivasulu Setty
    2) Sanjeev Nautiyal
    3) Nidhu Saxena
    4) Amitabh Singh Chaudhry
    5) Shanti Lal Jain
    Answer-1) Challa Sreenivasulu Setty
    Explanation:
    Challa Sreenivasulu Setty has been selected as the 27th Chairman of State Bank of India (SBI) by the Financial Services Institution Bureau (FSIB), an arm of the central government of India.
    • Setty will succeed current chairman Dinesh Kumar Khara, whose extended term is set to end on August 28 2024.
    • Currently, Setty is serving as one of the Managing Directors (MD) of the SBI.

  7. Who has been recently (in July 2024) elected as the Chairperson of the World Customs Organisation (WCO)?
    1) Alain Noudéhou
    2) Meenesh kumar Champaklal Shah
    3) Edward Kieswetter
    4) Ashwani Kumar
    5) Ahmed Naser Al-Raisi
    Answer-3) Edward Kieswetter
    Explanation:
    South African Revenue Service (SARS) Commissioner Edward Kieswetter has been re-elected as the Chairperson of World Customs Organisation (WCO) for 2nd consecutive term (2024-2025).
    • He was elected by the WCO Council, the highest decision making body of WCO, during its 143rd/144th sessions held in Brussels, Belgium from 27th June to 29th June, 2024.
    • The event witnessed the participation of Directors General (DG) of 186 member nations of WCO.

  8. Which of the following points is/are correct with respect to the release of books about former Vice President Muppavarapu Venkaiah Naidu by PM Narendra Modi?
    A) Biography of the former Vice President titled ‘Venkaiah Naidu – Life in Service’, which was authored by Shri S Nagesh Kumar.
    B) ’Celebrating Bharat – The Mission and Message of Shri M Venkaiah Naidu as 13th Vice–President of India’, a Photo chronicle compiled by Sanjay Kishore, Former Secretary to the Vice-President of India.
    C) Pictorial biography in Telugu titled ‘Mahaneta – Life and Journey of Shri M. Venkaiah Naidu’, which was authored by Dr. I.V. Subba Rao.

    1) Only A
    2) Only B
    3) Only A & B
    4) Only B & C
    5) All A, B & C
    Answer-1) Only A
    Explanation:
    On June 30, 2024, The Prime Minister (PM) of India Narendra Modi released three books on the life and journey of former Vice President Muppavarapu Venkaiah Naidu through video conferencing from Delhi on the eve of Naidu’s 75th birthday (July 1, 2024).
    i.Biography of the former Vice President titled ‘Venkaiah Naidu – Life in Service’, which was authored by Shri S Nagesh Kumar, former Resident Editor of The Hindu, Hyderabad edition.
    ii.’Celebrating Bharat – The Mission and Message of Shri M Venkaiah Naidu as 13th Vice–President of India’, a Photo chronicle compiled by Dr I.V. Subba Rao, Former Secretary to the Vice-President of India.
    iii.Pictorial biography in Telugu titled ‘Mahaneta – Life and Journey of Shri M. Venkaiah Naidu’, which was authored by Shri Sanjay Kishore.
    iv.In 2024, Venkaiah Naidu received the Padma Vibhushan, the second highest civilian award from the President of India Droupadi Murmu.

  9. National Doctor’s Day is annually observed across India on _____________to appreciate and honour the valuable contributions of doctors
    1) June 18
    2) April 30
    3) May 10
    4) March 15
    5) July 1
    Answer-5) July 1
    Explanation:
    National Doctors’ Day is annually observed across India on 1 July to honour the contributions of doctors and healthcare professionals to society and recognise and appreciate the role of doctors in keeping the nation healthy.
    • The day also commemorates the birth and death anniversary of Bharat Ratna Dr. Bidhan Chandra Roy (BC Roy), a renowned physician and the 2nd Chief Minister (CM) of West Bengal.
    • The annual observance of National Doctor’s Day in India is led by the Indian Medical Association (IMA).
    • The theme of National Doctors’ Day 2024 is “Healing Hands, Caring Hearts”.
    • In India, National Doctor’s Day was 1st celebrated on 1 July 1991, following the recommendations of the IMA. Click here to read more

  10. When was Goods and Services Tax (GST) Day annually observed across India to commemorate the implementation of the GST regime?
    1) April 13
    2) March 23
    3) July 1
    4) May 21
    5) June 29
    Answer-3) July 1
    Explanation:
    Goods And Service Tax (GST) Day is annually observed across India on 1 July to commemorate the implementation of the GST regime, a comprehensive indirect tax levied on the supply of goods and services in India, which came into effect on 1 July 2017.
    • 1 July 2024 marks the observance of the 7th GST Day, commemorating the 7th anniversary of the coming into force of GST.
    • The 2024 theme for the GST Day is, “Sashakt Vyapar Samagra Vikas” (Empowered Trade Overall Growth).
    • GST was launched on July 1, 2017 in India. The Government of India (GoI) announced the decision to celebrate the 1st July of every year as ‘GST Day’ On 30 June 2018.Click here to read more