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Current Affairs Quiz:4 July 2024

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  1. With which state, did the Ministry of Defence sign a MoU to establish three advanced testing facilities for Unmanned Aerial System (UAS), Electronic Warfare (EW) and Electro Optics (EO) under the Defence Testing Infrastructure Scheme (DTIS)?
    1) Uttar Pradesh
    2) Tamil Nadu
    3)  Gujarat
    4) Madhya Pradesh
    5) Andhra Pradesh
    Answer-2) Tamil Nadu
    Explanation:
    On July 2, 2024, the Ministry of Defence (MoD), Government of India(GoI) signed a Memorandum of Understanding (MoU) with Tamil Nadu Industrial Development Corporation Limited (TIDCO) to establish three state-of-the-art advanced testing facilities in Chennai, Tamil Nadu (TN) under the Defence Testing Infrastructure Scheme (DTIS). These are Unmanned Aerial System (UAS), Electronic Warfare (EW) and Electro Optics (EO).
     The MoU was exchanged in the presence of Defence Secretary Giridhar Aramane in New Delhi, Delhi.
     These facilities will aid in boosting the Tamil Nadu Defence Industrial Corridor (TNDIC) and enhance its testing facilities.

  2. Name the portal that was recently (in July ‘24) launched by the Ministry of Coal and Mines to provide financial support of Rs 1 lakh to eligible candidates preparing for the Union Public Service (UPSC) examination.
    1) PM-SURAJ
    2) Bhavishya
    3) SWATI
    4) NIRMAN
    5) C-CARES
    Answer-4) NIRMAN
    Explanation:
    On 2nd July 2024, Union Minister G. Kishan Reddy, Ministry of Coal and Mines, Government of India (GoI) launched “Noble Initiative for Rewarding Mains Aspirants of National Civil Services Examination (NIRMAN)”, a web portal in New Delhi, Delhi. This initiative is in alignment with the vision of “Mission Karmayogi” led by Narendra Modi, Prime Minister (PM) of India.
     The aim of the scheme is to  provide financial support of Rs 1 lakh to eligible candidates of Union Public Service (UPSC) examination.
     It is a unique Corporate Social Responsibility (CSR) scheme led by the Coal India Limited (CIL) for meritorious youth of its operating districts who have qualified the Preliminary round of UPSC examination (for civil services & Forest Service) in 2024.
     To avail the benefits of the scheme, candidates who have qualified the Preliminary round of UPSC should have annual family income less than Rs 8.
     The eligible candidates should belong to either Scheduled Caste (SC), Scheduled Tribe (ST), female or third gender.

  3. According to the International Monetary Fund (IMF) recently (in June’ 24) released Artificial Intelligence Preparedness Index (AIPI) Dashboard,  India has secured the _______ among the 174 countries.
    1) 54th Rank
    2) 68th Rank
    3) 45th Rank
    4) 86th Rank
    5) 72nd Rank
    Answer-5) 72nd Rank
    Explanation:
    On 25th June 2024, the International Monetary Fund (IMF) released an Artificial Intelligence Preparedness Index (AIPI) Dashboard which tracks the level of Artificial Intelligence (AI) readiness across 174 countries. According to AIPI, India has secured the 72nd Rank among the 174 countries, with a rating of 0.49.
     Singapore (0.80) topped the overall index followed by Denmark (0.78) and the United States of America (USA) (0.77) at the 2nd and 3rd position respectively.
     The index ranked the countries based on their performance in 4 key areas such as: digital infrastructure, human capital and labour market policies, innovation and economic integration, and regulation and ethics.
     It has classified each country into 3 main categories such as: Advanced Economy (AE), Emerging Market Economy (EM), and Low-Income Country (LIC).
     India with a rating of 0.49 has been placed in the EM category. India is the 2nd country with the highest rating in the Asia region after China which is ranked at 31st spot with a rating of 0.63.

  4. In June 2024, Indian Naval Ship (INS) Shivalik reached Pearl Harbour, Hawaii in the United States of America (USA) for the 29th edition of the __________________ (Exercise).
    1) Tarkash
    2) Gagan Shakti-2024
    3) DUSTLIK 2024
    4) RIMPAC
    5) Yudh Abhyas
    Answer-4) RIMPAC
    Explanation:
     Indian Naval Ship (INS) Shivalik, a 6000-tonne indigenously designed and built guided missile stealth frigate, has reached Pearl Harbour, Hawaii (United States of America (USA)), for the 29th edition of the biennial Rim of the Pacific (RIMPAC) exercise, the world’s largest international maritime exercise.RIMPAC 2024 commenced on 27 June 2024 and will run till 1 August 2024.
     The theme of RIMPAC 2024 is “Partners: Integrated and Prepared.”
     Led by the USA Navy, the RIMPAC multinational exercise involves approximately 29 nations, with 40 surface ships, 3 submarines, 14 national land forces, over 150 aircraft and 25,000 personnel.

  5. Which bank has recently (in July ‘24) launched a pre-paid ‘Student Sapphiro Forex Card’ for Indian students heading abroad for higher education?
    1) Yes Bank
    2) ICICI Bank
    3) Bank of India
    4) HDFC Bank
    5) Axis Bank
    Answer-2) ICICI Bank
    Explanation:
    On July 2, 2024, ICICI Bank launched a pre-paid ‘Student Sapphiro Forex Card’ for Indian students heading abroad for higher education.  This Visa-powered prepaid card offers a comprehensive solution for managing education-related expenses such as admission and course fees, as well as everyday costs like travel, dining, and groceries.
     This Card can be applied through the official ICICI Bank website or its banking application, iMobile Pay.
     The Student Sapphiro Forex card provides currency support for loading and transacting in 15 currencies without any cross-currency mark-up charges

  6. Which bank has recently (in July 2024) signed a co-lending partnership with Piramal Capital and Housing Finance Limited for Micro, Small and Medium Enterprises (MSMEs) and Home Loan segments?
    1) Yes Bank
    2) ICICI Bank
    3) Karnataka Bank
    4) South Indian Bank
    5) Axis Bank
    Answer-5) Axis Bank
    Explanation:
    Axis Bank Limited, a private sector bank, and Piramal Capital and Housing Finance Limited (Piramal Finance), a Non-Banking Financial Company – Housing Finance Company (NBFC-HFC), has entered into a co-lending partnership focusing on Micro, Small and Medium Enterprises (MSMEs) and Home Loan segments.i.The partnership aims to boost financial inclusion for underserved borrowers, facilitate easier access to credit for MSMEs to foster business growth.ii.under this partnership, both the lenders will provide loans to the middle and low-income segment customers with focus on rural and semi-urban areas.

  7. Who was recently (in July ‘24) sworn in as the Prime Minister (PM) of the Netherlands?
    1) Dick Schoof
    2) Simon Harris
    3) Prabowo Subianto Djojohadikusumo
    4) Luis Filipe Montenegro Cardoso de Morais Esteves
    5) Willem-Alexander
    Answer-1) Dick Schoof
    Explanation:
    On 2nd July 2024, Willem-Alexander, the King of the Netherlands swore in Dick Schoof as the New Prime Minister(PM) of the Netherlands at the ceremony held in Huis Ten Bosch Palace in The Hague, Netherlands.
     He succeeds Mark Rutte, who served as the PM of the Netherlands from 2010 to 2024. Rutte is set to take over as the New Secretary General of North Atlantic Treaty Organization (NATO) in October 2024.
     For the 1st time since World War II, the Netherlands is being led by a PM, who is not affiliated with any political party.

  8. Who has been recently (in July 2024) appointed as the Managing Director (MD) and Chief Executive Officer (CEO) of the Life Insurance Corporation of India(LIC)? 
    1) Bhupesh Sushil Rahul
    2) Rajeev Singhal
    3) Sanjay Shukla
    4) Siddhartha Mohanty
    5) Anand Sen
    Answer-4) Siddhartha Mohanty 
    Explanation:
    Life Insurance Corporation of India (LIC), India’s largest Public Sector Insurance Company, has re-designated its Chairman, Siddhartha Mohanty as its new Managing Director (MD) and Chief Executive Officer (CEO), with effect from 30th June 2024.
     He was appointed as chairman of LIC in April 2023 until 29th June 2024 and was also appointed as MD and CEO of LIC from June 2024 until 7th June 2025.

  9. Name the spacecraft that has recently (in July ‘24) become India’s 1st space-based solar observatory mission to complete its first halo orbit around the Sun-Earth Lagrangian point 1 (L1) point.
    1) XPoSat
    2) Aditya-L1
    3) Bandwagon-1
    4) Astrosat
    5) GSAT-30
    Answer- 2) Aditya-L1
    Explanation:
    On 2nd July 2024, the Aditya-L1 spacecraft, India’s 1st space-based solar observatory mission at Lagrangian point 1 (L1), completed its first halo orbit around the Sun-Earth L1 point. The spacecraft in the Halo orbit takes 178 days to complete one revolution around L1.
     During its travel into the halo orbit, the Aditya-L1 spacecraft undergoes Station-Keeping (SK) manoeuvres to maintain its orbit due to various perturbing forces.
     A halo orbit is a periodic, three-dimensional (3D) orbit at L1 involving the Sun, Earth, and a spacecraft.
     A halo orbit around the L1 of the Sun-Earth system is about 1.5 million kilometers (km) from the Earth on the continuously moving Sun-Earth line with an orbital period of about 177.86 Earth days.
     Aditya-L1 is a satellite dedicated to the comprehensive study of the Sun, specifically the photosphere, chromosphere, and corona of the Sun.

  10. International Plastic Bag Free Day is annually observed across the globe on _____________________ to create awareness about the importance of eliminating single use plastic and adopting sustainable alternatives.
    1) July 3
    2) April 19
    3) May 5
    4) March 21
    5) June 28
    Answer-1) July 3
    Explanation:
    International Plastic Bag Free Day is annually observed across the globe on 3rd July to raise awareness of the environmental impact caused by Single-Use-Plastic (SUP) like plastic bags, which are harmful to ecosystems, wildlife, and human health.
     The day also emphasises eliminating or reducing the use of SUP bags and promotes reusable bags as a more sustainable alternative to disposable plastic bags.
     The day serves as a reminder to individuals, communities, and governments worldwide of the urgent need to reduce plastic pollution.