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Current Affairs Quiz:8 October 2024

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  1. Name the scheme that was recently (in October ‘24) launched by Prime Minister Narendra Modi with a total outlay of over Rs 79,156 crores from Hazaribagh, Jharkhand
    1) Mukhya Mantri Nijut Moina Asoni
    2) Mukhyamantri Bal Paushtik Aahar Yojana
    3) Mukhyamantri Majhi Ladki Bahin Yojana
    4) Mukhyamantri Maiya Samman Yojana
    5) Dharti Aaba Janjatiya Gram Utkarsh Abhiyan
    Answer-5) Dharti Aaba Janjatiya Gram Utkarsh Abhiyan
    Explanation:
    On 2nd October 2024, on the occasion of the birth anniversary of Mahatma Gandhi, Narendra Modi, Prime Minister (PM) of India, launched Dharti Aaba Janjatiya Gram Utkarsh Abhiyan (DAJGUA), with a total outlay of over Rs 79,156 crores, from Hazaribagh, Jharkhand
     The total outlay of the scheme includes Central Share of Rs.56,333 crore and State Share of Rs. 22,823 crore.
     The scheme aims to attain saturation of critical gaps in social infrastructure, health, education and livelihood through 25 interventions implemented by various 17 Ministries and the Department of Government of India(GoI).
     PM Modi inaugurated 40 Eklavya Model Residential Schools (EMRS) and laid the foundation stone for 25 EMRS worth over Rs 2,800 crore
     He also inaugurated and laid the foundation stone for multiple projects under Pradhan Mantri Janjati Adivasi Nyaya Maha Abhiyan (PM-JANMAN) worth over Rs 1360 crore. Click here to read more.

  2. Which company has recently (in September ‘24) signed a Memorandum of Understanding (MoU) with the Ministry of Labour & Employment (MoLE) to enhance employment accessibility in India?
    1) Amazon
    2) Flipkart
    3) MakeMyTrip
    4) Microsoft Corporation
    5) Walmart
    Answer-1) Amazon
    Explanation:
    On 26th September 2024, the Ministry of Labour & Employment (MoLE) signed a Memorandum of Understanding (MoU), with Amazon in New Delhi(Delhi) to enhance employment accessibility in India.
     The MoU also highlights the joint commitment to leveraging the National Career Service (NCS) portal to boost job opportunities. The portal is developing as a one-stop platform for accessing employment opportunities across sectors and industries.
     Under this MoU, Amazon and its third-party staffing agencies involved in hiring for Amazon will regularly post job vacancies on the NCS portal and conduct hiring through it.

  3. Which of the following points is/are correct with respect to the 79th Session of United Nations General Assembly (UNGA 79) held from 10th to 30th September 2024 in New York, the United States of America (USA)?
    A) During UNGA 79, the State of Palestine, a non-member observer state of the UNGA, was given a seat in the General Assembly Hall among the UN member States.
    B) The Science Summit 2024 was organised by the Council of Scientific and Industrial Research (CSIR) and its partners from 10th to 27th September 2024.
    C) India has signed an agreement called the Biodiversity Beyond National Jurisdiction (BBNJ) Agreement, or the “Treaty of the High Seas” at UNGA.

    1) Only A & B
    2) Only A & C
    3) Only B & C
    4) Only C
    5) All A, B & C
    Answer-2) Only A & C
    Explanation:
    The 79th session of the United Nations General Assembly (UNGA 79) was held from 10th to 30th September 2024 at the United Nations (UN) headquarters in New York, the United States of America (USA).
     Philemon Yang, the former Prime Minister of Cameroon, was the President of the 79th session of UNGA.
     During UNGA 79, the State of Palestine, a non-member observer state of the UNGA, was given a seat in the General Assembly Hall among the UN member States.
     A resolution was adopted to recognise the reconsideration of Palestine’s UN membership in the UN Security Council(UNSC) and the granting of additional rights to Palestine, which holds observer status.
     The Council of Scientific and Industrial Research (CSIR), organised the “CSIR for Connect, Collaborate, Converge and Convert (5C) for Global Sustainable Development” on 18th and 19th September 2024 at the 9th edition of the Science Summit (2024) at the UNGA 79.
     The Science Summit 2024 was organised by the International Science Council (ISC) and its partners from 10th to 27th September 2024.
     India has signed an agreement called the Biodiversity Beyond National Jurisdiction (BBNJ) Agreement, or the “Treaty of the High Seas” at UNGA. Click here to read more.

  4. Who has recently (in September ‘24) visited Vientiane, Laos from 20th to 21st September 2024 to participate in the 21st ASEAN-India Economic Ministers (AEM-India Consultation) meeting and the 12th East Asia Summit Economic Ministers Meeting (EAS EMM)?
    1) Draupadi Murmu
    2) Piyush Goyal
    3) Rajnath Singh
    4) Narendra Modi
    5) Dr. Subrahmanyam Jaishankar
    Answer-2) Piyush Goyal
    Explanation:
    The Union Minister Piyush Goyal, Ministry of Commerce and Industry (MoCI), visited Vientiane, Lao People’s Democratic Republic (Laos PDR) from 20th to 21st September 2024 to participate in the 21st ASEAN-India Economic Ministers (AEM-India Consultation) meeting and the 12th East Asia Summit Economic Ministers Meeting (EAS EMM).
     These annual meetings of ASEAN (Association of Southeast Asian Nations) with their dialogue partners are being hosted by Lao PDR, the ASEAN Chair for 2024.
     AEM-India Consultation was co-chaired by Malaithong Kommasith, Minister of Industry and Commerce of Lao PDR, and Union Minister Piyush Goyal, India.
     The meeting highlighted that two-way trade between ASEAN and India reached USD 100.7 billion in 2023, with Indian Foreign Direct Investment (FDI) inflows at USD 5.6 billion. India ranked as ASEAN’s eighth largest trade partner and source of FDI among ASEAN Dialogue Partners in 2023.
     EAS EMM was chaired by Malaithong Kommasith. It saw the participation by Economic Ministers of 10 ASEAN countries and 8 other EAS partners viz. India, United States of America (USA), Russia, China, Japan, Korea, Australia and New Zealand.

  5. Which organisation has recently (in October ‘24) received Affiliate Membership from International Medical Device Regulators Forum(IMDRF)?
    1) Narcotics Control Bureau
    2) Indian Drug Manufacturers’ Association
    3) Indian Council of Medical Research
    4) Central Drugs Standard Control Organisation
    5) National Medical Commission
    Answer-4) Central Drugs Standard Control Organisation
    Explanation:
    India has joined the International Medical Device Regulators Forum (IMDRF) as an affiliate member, as the Central Drugs Standard Control Organisation (CDSCO), under the Ministry of Health and Family Welfare (MoH&FW) has received Affiliate Membership from IMDRF.
     India’s application for Affiliate membership was reviewed during the 26th Session of IMDRF held in September 2024 at Seattle, Washington, the United States of America (USA).
     This membership will enhance India’s global collaboration in medical device regulation.
     This will strengthen the competitiveness of India’s domestic industry while promoting “Brand India” on the international stage.

  6. The Securities and Exchange Board of India(SEBI) has recently (in October ‘24) announced a new framework to curb excessive speculation in the_______________, with effect from November 20, 2024.
    1) Stock market
    2) Mutual Funds
    3) Trading norms
    4) Derivatives market
    5) Market infrastructure institutions
    Answer-1) Stock market
    Explanation:
    On 1st October 2024, the Securities and Exchange Board of India (SEBI) announced 6 measures to the index derivatives trading framework to curb excessive speculation amid growing concerns about the mounting losses incurred by individual traders.
     These new measures will be implemented in a phased manner with effect from 20th November, 2024.
     Earlier, the SEBI had constituted an Expert Working Group (EWG) to review the regulatory frameworks to protect investors and foster the growth of the equity derivatives market.
     On 30th July 2024, the SEBI had released a consultation paper based on the recommendations of EWG and subsequent discussions held by SEBI’s Secondary Market Advisory Committee (SMAC). Click here to read more.

  7. Which state has recently (in October ‘24) signed a Memorandum of Understanding (MoU) with REC Limited for the financial support of Rs 3 lakh crore for infrastructure projects?
    1) Nagaland
    2) Madhya Pradesh
    3) Karnataka
    4) Rajasthan
    5) West Bengal
    Answer-4) Rajasthan
    Explanation:
    On 1st October 2024, REC Limited (formerly Rural Electrification Corporation Private Limited), a Maharatna Central Public Sector Unit (CPSU) under the administrative control of Ministry of Power (MoP) has signed a Memorandum of Understanding (MoU) with the Government of Rajasthan (GoR) to provide financial support of Rs 3 lakh crore to fund infrastructure projects in the state.
     According to the MoU, REC Limited will provide financial support of Rs 50,000 crore per annum (increased from Rs 20,000 crore) to fund projects across power and non-power infrastructure for a period of 6 years (up to 2030).
     This partnership underscores REC’s commitment to supporting the development of both power and non-power infrastructure in Rajasthan.

  8. Which financial institution has recently (in October’ 24) announced to invest over USD 272 million to support India’s economic growth and sustainability?
    1) International Finance Corporation
    2) Asian Development Bank
    3) World Bank
    4) International Fund for Agricultural Development
    5) United States International Development Finance Corporation
    Answer-5) United States International Development Finance Corporation
    Explanation:
    The United States(U.S.) International Development Finance Corporation (DFC) has made a significant commitment of over USD 272 million to support India’s economic growth and sustainability.
     This commitment shows the strengthening partnership between the United States of America(USA) and India, particularly in promoting gender equality and sustainable development.
     This investment includes key allocations, such as a USD 40 million loan to Mumbai(Maharashtra) based APAC Financial Services Private Limited, which aims to expand lending to low-income and microenterprises.
     DFC is focusing on women’s empowerment through a USD 50 million loan to Mumbai based InCred Financial Services Ltd. This funding will facilitate lending to women-owned businesses, using technology to reach underserved entrepreneurs.

  9. Which company has recently (in September 2024) completed the Definitive Agreement with Powerchip Semiconductor Manufacturing Corporation (PSMC) to build India’s 1st Artificial Intelligence (AI)-enabled greenfield fab in Dholera, Gujarat?
    1) Tata Power Solar Systems Limited
    2) Tata Electronics Private Limited
    3) Ather Energy Private Limited
    4) GAIL (India) Limited
    5) Signaltron Systems Private Limited
    Answer-2) Tata Electronics Private Limited
    Explanation:
    Tata Electronics Private Limited (TEPL) has completed the Definitive Agreement with Taiwan-based Powerchip Semiconductor Manufacturing Corporation (PSMC) under which PSMC will provide design and construction support to build India’s 1st Artificial Intelligence (AI)-enabled greenfield fab in Dholera(Gujarat).
     PSMC will licence a broad portfolio of technologies and provide engineering support to successfully transfer licensed technologies to the Gujarat fab.
     With a total investment of up to Rs 91,000 crores (USD 11 billion), the Fab will create over 20,000 direct and indirect skilled jobs.

  10. Which state government has recently (in September 2024) launched CM-SATH Scheme to provide financial support of Rs 60,000 to a total of 200 students to help them in higher education?
    1) Tripura
    2) Assam
    3) Goa
    4) Chhattisgarh
    5) Mizoram
    Answer-1) Tripura
    Explanation:
    Prof. Dr. Manik Saha, Chief Minister (CM) of Tripura launched CM-SATH Scheme to provide financial support to meritorious students for higher education.
     Under this scheme, financial assistance of Rs 60,000 (Rs. 5,000 per month) will be provided to a total of 200 students, including 100 at the Madhyamik level for two years and 100 at the Higher Secondary level for three years.
     The initiative aims to support talented students and ensure that financial issues do not hinder their education.