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Current Affairs Quiz:31 October 2024

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  1. Which company has recently (in October ‘24) unveiled its new logo and launched its 7 customer centric services in New Delhi, Delhi?
    1) Vodafone
    2) Bharti Airtel
    3) Mahanagar Telephone Nigam Limited
    4) Bharat Broadband Network Limited
    5) Bharat Sanchar Nigam Limited
    Answer- 5) Bharat Sanchar Nigam Limited
    Explanation:
    On 22nd October 2024, Union Minister Jyotiraditya Madhavrao Scindia, Ministry of Communications (MoC) and Ministry of Development of North Eastern Region (MDoNER) unveiled the new logo of Bharat Sanchar Nigam Limited (BSNL) and launched its 7 customer centric services at Bharat Sanchar Bhavan in New Delhi, Delhi.
     These newly launched services focus on delivering secure, affordable, and reliable connectivity across India.
     The new logo of BSNL signifies strength, trust, and accessibility. It includes green and white arrows surrounding India which emphasize the company’s expansive nationwide coverage, while the orange backdrop symbolizes warmth and inclusivity.
     The bold tagline of BSNL, “Connecting Bharat” reflects its unwavering mission to bridge the digital divide by offering a modern, reliable telecom network that connects both urban and rural India.
     BSNL has launched 7 new initiatives built on 3 key pillars : security, affordability, and reliability. Click here to read more.

  2. Which ministry has recently (in October ‘24) organised the International Workshop on “Modern Technologies in Survey-Resurvey for Urban Land Records” in  New Delhi, Delhi?
    1) Ministry of Home Affairs
    2) Ministry of Statistics and Programme Implementation
    3) Ministry of Road Transport and Highways
    4) Ministry of Rural Development
    5) Ministry of Housing and Urban Affairs
    Answer-4) Ministry of Rural Development
    Explanation:
    On 21st October 2024, Union Minister Shivraj Singh Chouhan, Ministry of Rural Development (MoRD), virtually inaugurated an International Workshop on “Modern Technologies in Survey-Resurvey for Urban Land Records” at the Dr. Ambedkar International Centre (DAIC) in New Delhi, Delhi.
     This two-day workshop held from 21st to 22nd October 2024, was organised by the Department of Land Resources (DoLR) under the MoRD.
     The objective of the workshop is to showcase global best practices in urban land record modernisation, present applicable technological solutions, and facilitate pilot project planning for selected urban areas.
     The workshop witnessed the participation of experts from Singapore, South Korea, the United Kingdom (UK), Spain, the United States of America (USA), Japan, Germany and the United Arab Emirates (UAE). They presented successful digital land record practices at the workshop.
     The pilot programme of “National Geospatial Knowledge-Based Land Survey of Urban Habitations (NAKSHA)” project of the DoLR has been initiated to create Land Records in Urban Areas. Click here to read more.

  3. Which among the following countries have recently (in October ‘24) signed the Digital Infrastructure Growth Initiative for India Framework (DiGi Framework) to strengthen the digital infrastructure development in India?
    A) United States of America
    B) Japan
    C) South Korea

    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 United States of America(USA), Japan and South Korea have signed the Digital Infrastructure Growth Initiative for India Framework (DiGi Framework) to strengthen the digital infrastructure development in India.
     The framework was signed between US International Development Finance Corporation (DFC), the Japan Bank for International Cooperation (JBIC), and the Export-Import Bank of Korea (Korea Eximbank-KEXIM) at the DFC headquarters in Washington D.C., the USA.
     The DiGi Framework will further the collaboration of DFC, JBIC and KEXIM with the Indian private sector to support digital infrastructure in India.
     This will support the projects in the Information and Communications Technology(ICT) sector such as 5G, Open Radio Access Network (RAN), submarine cables, optical fibre networks, telecom towers, data centres, smart city, e-commerce, Artificial Intelligence (AI), and quantum technology.

  4. The Insurance Regulatory and Development Authority of India (IRDAI) has recently (in October’ 24) extended the implementation of International Financial Reporting Standard 17 (IFRS 17) to ________________.
    1) April 2027
    2) January 2028
    3) September 2026
    4) June 2027
    5) April 2026
    Answer-1) April 2027
    Explanation:
    The Insurance Regulatory and Development Authority of India (IRDAI) has extended the timeline for the implementation of International Financial Reporting Standard (IFRS 17) regulations by the Financial Year 2026-27 (FY27). This move will give ample time to both bank-sponsored and non-bank sponsored insurance companies for implementation of IFRS 17 regulations.
     Earlier, IRDAI had fixed a timeline of FY25 for the implementation of IFRS 17 regulations in the insurance sector.
     IFRS 17 is an accounting standard that offers a framework for reporting insurance contracts.
     It was developed by the London(the United Kingdom, UK) based International Accounting Standards Board (IASB) and was introduced in May 2017. It replaced IFRS 4 and came into effect on 1st January, 2023.
     It aims to ensure that an entity provides relevant information that represents insurance contracts in a faithful manner.

  5. Which bank has recently (in October’ 24) partnered with Mintoak Innovations Private Limited (Mintoak ) to make payment solutions more seamless for Small and Medium-sized Enterprises (SMEs)?
    1) Union Bank of India
    2) Kotak Mahindra Bank Limited
    3) IDFC First Bank Limited
    4) Axis Bank Limited
    5) Karnataka Bank Limited
    Answer-4) Axis Bank Limited
    Explanation:
    Mumbai(Maharashtra) based Mintoak Innovations Private Limited(Mintoak ), a merchant software-as-a-service (SaaS) platform, has partnered with Mumbai based Axis Bank Limited to make payment solutions more seamless for Small and Medium-sized Enterprises(SMEs).
     Under this partnership, Axis Bank will use Mintoak’s SaaS platform to enable SMEs to accept payments, access transaction reports and submit service requests directly through the app.
     Mintoak and Axis Bank have jointly launched neo for merchants, a payment acceptance and commerce enablement application(app).

  6. Who among the following has recently (in October ‘24) received an ‘A+’ grade in Central Bank Report Cards 2024?
    A) Christian Kettel Thomsen
    B) Thomas Jordan
    C) Shaktikanta Das

    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:
    On 26th October 2024, Shaktikanta Das, the Governor of Reserve Bank of India (RBI) received an ‘A+’ grade in Central Bank Report Cards 2024 for the second consecutive year during an event in Washington D.C., the United States of America (USA).
     The USA based Global Finance Magazine presented the award to Shaktikanta Das, appreciating the RBI Governor’s excellent performance and effective leadership in guiding and regulating India’s central bank through complex economic challenges.
     Denmark’s Christian Kettel Thomsen, and Switzerland’s Thomas Jordan have also been ranked under the ‘A+’ category of central bankers.

  7. Who has recently (in October’ 24) been appointed as the president-elect of the International Brain Research Organisation (IBRO)?
    1) Ruchira Kamboj
    2) Shubha Tole
    3) Soumya Swaminathan
    4) Sindhu Gangadharan
    5) Amrit Mahotsav
    Answer-2) Shubha Tole
    Explanation:
    Indian neuroscientist Shubha Tole has been appointed as the president-elect of the International Brain Research Organisation (IBRO), marking her as the first scientist from a developing country to attain this prestigious position. She will replace Tracy Bale.
     Shubha Tole will join the IBRO advisory board on January 1, 2025 for one year term and will assume her role as president on January 1, 2026. Her tenure will end on December 31, 2028, after which she will also serve a two-year term on the IBRO advisory board as past president.
     She currently serves as the dean of graduate studies at Mumbai (Maharashtra) based Tata Institute of Fundamental Research (TIFR).
     Paris(France) based the IBRO is a global federation of neuroscience organisations that promotes and supports neuroscience worldwide through training, education, collaborative research, advocacy, and outreach initiatives.

  8. Where was the Indian Navy (IN) recently (in October’ 24) launched its 4th nuclear-powered ballistic missile submarine under the code name “S4*”?
    1) Mumbai, Maharashtra
    2) Kochi, Kerala
    3) Mormugao, Goa
    4) Visakhapatnam, Andhra Pradesh
    5) Kolkata, West Bengal
    Answer-4) Visakhapatnam, Andhra Pradesh
    Explanation:
    The Indian Navy(IN) has launched its 4th nuclear-powered ballistic missile submarine (also known as Ship, Submersible, Ballistic, Nuclear, SSBN) under the code name “S4*” at the Ship Building Centre (SBC) in Visakhapatnam, Andhra Pradesh (AP). This marks a significant milestone in India’s efforts to enhance its naval capabilities and maintain strategic stability in the Indo-Pacific region.
     The launch of S4* follows the commissioning of Indian Naval Ship (INS) Arighaat (2nd SSBN) by Union Defence Minister Rajnath Singh on 29th August, 2024, while INS Aridhaman(3rd SSBN) is expected to be commissioned in 2025.
     S4*SSBN  is equipped with K-4 ballistic missiles that have a target range of 3,500 kilometers (kms) and can be launched through vertical systems, compared to 1st SSBN, INS Arihant which carries K-15 nuclear missiles with a range of 750 kms.
     It features about 75% indigenous content, demonstrating India’s progress in defence manufacturing.
     Union Defence Minister Rajnath Singh inaugurated a Very Low Frequency (VLF) Naval Station in the Damagundam forest area of Vikarabad district, Telangana.
     India is expected to acquire a Russian Akula-class nuclear-powered attack submarine on lease by 2028. Click here to read more.

  9. Indian Coast Guard (ICG) has recently (in October 2024) launched two  Fast Patrol Vessels (FPVs) Adamya and _______________ built by the Goa Shipyard Limited (GSL).
    1) Mulki
    2) Arighaat
    3) Triput
    4) Akshar
    5) Malpe
    Answer-4) Akshar
    Explanation:
    On 28th October 2024, the Indian Coast Guard (ICG) launched two domestic Fast Patrol Vessels (FPVs), named ‘Adamya’ and ‘Akshar’, built by the Goa Shipyard Limited (GSL).
     The vessels, with over 60% indigenous content, were launched by Priya Paramesh, wife of Paramesh Sivamani, Director General of ICG.
     These vessels aim to enhance security around offshore assets and island territories and bolster surveillance capabilities.
     The FPVs state-of-the-art FPVs are a part of the contract signed between ICG and GSL for 8 FPVs to be built at a cost of Rs 473 crore.

  10. Who won the Mexico City Grand Prix (GP) 2024 (officially Formula 1(F1) Gran Premio De La Ciudad De México 2024) held in October 2024 in Mexico City, Mexico?
    1) Carlos Sainz
    2) George Russell
    3) Lewis Hamilton
    4) Lando Norris
    5) Charles Leclerc
    Answer- 1) Carlos Sainz
    Explanation:
    Ferrari’s Carlos Sainz (Spain) won the Mexico City Grand Prix (GP) 2024 (officially Formula 1(F1) Gran Premio De La Ciudad De México 2024) on 27th October 2024 at the  Autodromo Hermanos Rodriguez in Mexico City, Mexico. This marks Carlos Sainz’s 4th career title and 2nd title of the 2024 season.
     Lando Norris of McLaren finished 2nd (18 points) and Ferrari’s Charles Leclerc finished 3rd.
     Mexico City GP 2024 is the 20th round of the 2024 F1 World Championship.
     He won his first championship at the 2011 Formula Renault 2.0 Northern European Cup.
     He won his first F1 title at the 2022 British GP. He also won the Singapore GP 2023 and Australian GP 2024.