Daily Current Affairs Quiz – 12th December 2024

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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2024 of 12th December 2024. Daily GK quiz online for bank & competitive exam. Here we have given the Daily Current Affairs Quiz based on the previous days Daily Current Affairs updates. Candidates preparing for IBPS, SBI, RBI, RRB, SSC Exam 2024 & other competitive exams can make use of these Current Affairs Quiz.

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1) Recently(Dec’24), the Indian Banks’ Association (IBA) has been recommended by the All India Bank Employees’ Association (AIBEA) to blacklist clients who assault or mistreat bank employees, sealing their accounts and prohibiting them from opening new ones for a minimum of how many years?

(a) 1year

(b) 2year

(d) 4year

(e) 5year

2) According to the report, the S&P Global maintained India’s GDP growth estimate for FY24–25 at 6.8%, even though the RBI cut it to what percentage?

(a) 6.2%

(b) 6.0%

(d) 6.6%

(e) 6.5%

3) How much lakh crore was written off by public sector banks (PSBs) between FY2019–20 and FY2024–25 (till September), according to information provided to the Rajya Sabha by the Finance Ministry?

(a) ₹7 lakh crore

(b) ₹5 lakh crore

(d) ₹8 lakh crore

(e) ₹4 lakh crore

4) The Securities and Exchange Board of India (SEBI) has announced the expansion of the optional T+0 settlement cycle to how many stocks by market capitalization, beginning on December 31, 2024?

(a) 500

(b) 100

(d) 200

(e) 250

5) To attract more foreign investment, the Reserve Bank of India (RBI) lifted the interest rate ceilings on Foreign Currency Non-Resident Bank (FCNR(B)) deposits. When will this reduction of interest rate ceilings take effect?

(a) January 31,2025

(b) March 31.2025

(d) May 31,2025

(e) December 31,2024

6) Which group released a statement on developmental and regulatory policies focusing on key financial sectors?

(a) SEBI

(b) RBI

(d) SIDBI

(e) EXIM bank

7) The Reserve Bank of India (RBI) has partially reversed its decision to disable cash withdrawal facilities in ATMs, which was first implemented in ___________ because to fraud concerns.

(a) January 2012

(b) March 2012

(d) June 2012

(e) April 2012

8) Recently, The number of ATMs in the nation has decreased for the first time in at least five years, and this decline is seen across all geographic areas, including rural areas, metropolitan and semi-urban centers, and metropolises. Over the last five years, how many fold as many transactions have been made using UPI?

(a) 12

(b) 10

(d) 20

(e) 25

9) For the half-year from December 07, 2024 to June 06, 2025, the interest rate on the Government of India Floating Rate Bond 2031 (FRB 2031) will be what percentage annually?

(a) 7.49%

(b) 7.51%

(d) 7.57%

(e) 7.59%

10) Which platform introduced an insurance plan for dengue and malaria that costs ₹59 annually?

(a) Paytm

(b) Phonepe

(d) Razorpay

(e) PayU

11) The National Payments Corporation of India’s (NPCI) Bharat Connect platform and the FX-Retail platform would be connected, according to a proposal from the Reserve Bank of India (RBI). Which year did the Clearing Corporation of India Limited (CCIL) launch the FX-Retail platform?

(a) 2015

(b) 2016

(d) 2018

(e) 2019

12) According to the report, India will launch the ‘One Nation, One Subscription’ initiative for research access. How many crores does the Central government fund during a three-year period?

(a) Rs.5000crore

(b) Rs.6000crore

(d) Rs.8000crore

(e) Rs.4000crore

13) Recently(Dec’24), Prime Minister Narendra Modi published a book titled “Kaala Varisaiyil Bharati Padaippugal.” How many volumes does Seeni Vishwanathan’s compilation, which was published by Alliance Publishers, cover over the course of six decades?

(a) 21

(b) 22

(d) 27

(e) 25

14) Which year’s Merchant Shipping Act is to be repealed and replaced by the Merchant Shipping Bill, 2024, which the Ministry of Ports, Shipping, and Waterways has introduced in the Lok Sabha?

(a) 1952

(b) 1954

(d) 1958

(e) 1956

15) According to India’s Strategic Agricultural Transformation Initiatives. Which of the following pair is incorrect?

(a) Clean Plant Programme (CPP)- Budget: ₹1,765.67 crore

(b) Digital Agriculture Mission – Budget: ₹2,817 crore

(d) National Mission on Natural Farming (NMNF) – Budget: ₹2,481 crore

(e) All the above are correct

16) Recently(Dec’24), _____________ Indian EcologistAwarded the title of UNEP Earth 2024 Champion

(a) Sonia Guajajara

(b) TV Chandran

(d) Shaji N Karun

(e) Madhav Gadgil

17) The prestigious organization Women We Admire has named Bharati Kolli, a pioneer in the banking industry as one of the Rising Star Women Leaders of Banking for 2024. Where is Bharati Kolli from?

(a) Sikkim

(b) West Bengal

(d) Odisha

(e) Bihar

18) Who has been recognized for his outstanding lifetime contributions to Malayalam cinema with the JC Daniel Award 2023, the highest accolade in Keralan cinema?

(a) Mohanlal

(b) Jeyaram

(d) Shaji N Karun

(e) C Ajoy

19) For a Corporate Social Responsibility (CSR) project of Rs. 20.73 crore, Power Grid Corporation of India Limited (PGCIL) and which IIT have signed a memorandum of understanding (MoU)?

(a) IIT Madras

(b) IIT Kanpur

(d) IIT Mandi

(e) IIT Bombay

20) Which nation and India have inked a Statement of Intent (SoI) to collaborate on the Indian Navy’s electric propulsion system design and development?

(a) USA

(b) UK

(d) Japan

(e) Russia

21) Recently (Dec’24), Ajay Seth, the Economic Affairs Secretary, has been given more authority over the Revenue Department. He will preside over the ______GST Council’s meeting on December 21, which will be held in Jaisalmer.

(a) 52nd

(b) 53rd

(d) 55th

(e) 56th

22) The Cyrus Poonawalla Group has promoted Salil Hajarnis to the position of ______________________ at Poonawalla Fincorp, a non-banking financing business (NBFC).

(a) Chief Financial Officer

(b) Chief Technology Officer

(d) Chief Operating Officer

(e) Vice President

23) The Indian Institute of Spices Research (IISR), a division of ICAR, created the new ginger variety IISR Surasa through a farmer-participatory breeding effort. Which State Varietal Release Committee has given its approval for the variety’s cultivation?

(a) Karnataka

(b) Tamil Nadu

(d) Maharashtra

(e) Odisha

24) Which IIT was the first worldwide to publish the most detailed 3D high-resolution photographs of the fetal brain?

(a) IIT Madras

(b) IIT Kanpur

(d) IIT Mandi

(e) IIT Bombay

25) Recently, Aryna Sabalenka, a 26-year-old tennis player, won the WTA Player of the Year title for 2024. Which country does she belong to?

(a) Australia

(b) Belarus

(d) Hong Kong

(e) South Korea

26) When was Universal Health Coverage Day observed in 2024?

(a) December 8

(b) December 11

(d) December 10

(e) December 12

27) When was the International Day of Neutrality observed each year?

(a) December 12

(b) December 10

(d) December 13

(e) December 9

28) Where is the headquarters of All India Bank Employees’ Association (AIBEA)?

(a) Karnataka

(b) Tamil Nadu

(d) Maharashtra

(e) Odisha

29) What is the currency of Syria?

(a) Euro

(b) Peso

(d) Dollar

(e) Dinar

30) What is the currency of Bahrain?

(a) Euro

(b) Peso

(d) Riyal

(e) Dinar

Answers :

1) Answer: C

Short Explanation:

The All India Bank Employees’ Association (AIBEA) has urged the Indian Banks’ Association (IBA) to blacklist customers who attack or abuse bank staff, closing their accounts and preventing them from opening new accounts for at least 3 years.

AIBEA expressed concern over recent incidents where bank staff were physically assaulted and verbally abused by customers.

They emphasized that staff are working to earn a living, not to be victims of such attacks.

Detailed Explanation:

AIBEA expressed concern over recent incidents where bank staff were physically assaulted and verbally abused by customers.

They emphasized that staff are working to earn a living, not to be victims of such attacks.

The attacks include both physical assaults and instances of abusive language directed at bank staff, including female employees.

Recent Incidents: Specific incidents mentioned include:

A Union Bank of India official attacked by a customer over tax deductions.

A Canara Bank female staff member assaulted when a customer demanded a change to his CIBIL score, which was not under the bank’s control.

Impact on Bank Staff: These incidents have created a demoralizing effect on bank employees, with staff feeling that bank management is more focused on impaired loans than on the safety and well-being of its employees.

2) Answer: D

Short Explanation:

S&P Global retained India’s GDP growth forecast for FY24-25 at 6.8%, despite the RBI’s reduction to 6.6%.

India’s economy grew by 8.2% in FY 2023-24.

GDP growth slowed to 5.4% in Q2 (July-September) of FY24, prompting a revision of growth projections by various agencies.

Detailed Explanation:

S&P Global retained India’s GDP growth forecast for FY24-25 at 6.8%, despite the RBI’s reduction to 6.6%.

India’s economy grew by 8.2% in FY 2023-24.

GDP growth slowed to 5.4% in Q2 (July-September) of FY24, prompting a revision of growth projections by various agencies.

The Indian government remains hopeful for improved growth for the full fiscal year, dismissing Q2 growth as a one-off occurrence.

Monetary Policy Committee (MPC):S&P Global anticipates a policy rate cut by the MPC in 2025, following a period of maintaining the status quo for 11 consecutive meetings.

The next MPC meeting will be chaired by the new RBI Governor Sanjay Malhotra in February 2025.

Factors Supporting Growth:Expected resilient growth driven by strong urban consumption, steady service sector growth, and continued investment in infrastructure.

Forecast for FY25-26: S&P Global predicts 6.9% growth.

3) Answer: A

Short Explanation:

Public sector banks (PSBs) wrote off approximately ₹7 lakh crore between FY2019-20 and FY2024-25 (till September) , the Finance Ministry has informed the Rajya Sabha.

During the same period, PSBs recovered over ₹5 lakh crore of their non-performing assets (NPAs).

Detailed Explanation:

Public sector banks (PSBs) wrote off approximately ₹7 lakh crore between FY2019-20 and FY2024-25 (till September) , the Finance Ministry has informed the Rajya Sabha.

During the same period, PSBs recovered over ₹5 lakh crore of their non-performing assets (NPAs).

Recovery Mechanisms: Various recovery mechanisms include:

Filing suits in civil courts or Debts Recovery Tribunals (DRTs).

Action under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI),2002.

Filing cases in the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code (IBC),2016.

Negotiated settlements/compromise and the sale of NPAs.

Low Recovery Rate: Data from previous years indicated a low recovery rate, with ₹10.42 lakh crore written off from FY2014-15 to FY2022-23 and only ₹1.61 lakh crore recovered (15.45%).

4) Answer: A

Short Explanation:

The Securities and Exchange Board of India (SEBI) has announced the expansion of the optional T+0 settlement cycle to the top 500 stocks by market capitalization, starting from December 31, 2024.

The expanded T+0 settlement cycle will be applicable from January 31, 2025.

Detailed Explanation:

The phase-wise implementation will begin with the bottom 100 stocks and include an additional 100 stocks every month until the top 500 stocks are available.

The expanded T+0 settlement cycle will be applicable from January 31, 2025.

T+0 vs T+1 Settlement:The T+0 settlement cycle allows for the same-day settlement of securities transactions, where funds and securities are received in investor accounts on the same day, reducing risks associated with delays.

The existing T+1 settlement cycle will continue alongside the T+0 settlement cycle.

Block Deal Window:A special Block Deal window will be available for the T+0 settlement cycle, operating only during the morning session from 8:45 am to 9:00 am.

This will be in addition to the existing Block Deal windows for T+1 settlement (8:45 am to 9:00 am and 2:05 pm to 2:20 pm).

5) Answer: B

Short Explanation:

The Reserve Bank of India (RBI) has increased the interest rate ceilings on Foreign Currency Non-Resident Bank (FCNR(B)) deposits to attract more foreign investment.

FCNR Deposits Definition : FCNR(B) deposits are term deposits that can be opened by non-resident Indians (NRIs) in foreign currency with banks in India.

Duration of Relaxation: This relaxation in interest rate ceilings will be effective until March 31, 2025.

Detailed Explanation:

The Reserve Bank of India (RBI) has increased the interest rate ceilings on Foreign Currency Non-Resident Bank (FCNR(B)) deposits to attract more foreign investment.

FCNR Deposits Definition : FCNR(B) deposits are term deposits that can be opened by non-resident Indians (NRIs) in foreign currency with banks in India.

In order to make FCNR(B) deposits more attractive to NRIs, the RBI has increased the interest rate ceilings on these deposits.

Interest Rate Increase : Effective December 6, 2024, banks are permitted to raise fresh FCNR(B) deposits of 1 year to less than 3 years maturity at rates not exceeding ARR plus 400 bps and deposits with maturity between 3 to 5 years at rates not exceeding ARR plus 500 bps.

Duration of Relaxation: This relaxation in interest rate ceilings will be effective until March 31, 2025.

ARR (Alternative Reference Rate) : ARR stands for Overnight Alternative Reference Rate.

6) Answer: B

Short Explanation:

The Statement on Developmental and Regulatory Policies issued by the Reserve Bank of India (RBI).

The Statement outlines various developmental and regulatory policy measures related to the following sectors:

Liquidity and Financial Markets

Regulation

Communication

Financial Inclusion

Payment Systems

Fintech

Detailed Explanation:

The Statement on Developmental and Regulatory Policies issued by the Reserve Bank of India (RBI).

The Statement outlines various developmental and regulatory policy measures related to the following sectors:

Liquidity and Financial Markets

Regulation

Communication

Financial Inclusion

Payment Systems

Fintech

Consultative Approach: The RBI follows a multi-pronged consultative process with stakeholders in framing its regulations, emphasizing a collaborative approach in policy-making.

Launch of ‘Connect 2 Regulate’ Program: As part of its RBI@90 commemorative events, the RBI plans to launch a new program called ‘Connect 2 Regulate’.

7) Answer: A

Short Explanation:

The Reserve Bank of India (RBI) has partially reversed its decision to disable the cash retraction facility in ATMs, which was initially done in January 2012 due to fraud concerns.

Detailed Explanation:

The Reserve Bank of India (RBI) has partially reversed its decision to disable the cash retraction facility in ATMs, which was initially done in January 2012 due to fraud concerns.

Cash Retraction Facility: This feature allows ATMs to retract cash if the customer fails to collect it within a set time, ensuring that the notes are returned to the machine.

Fraudulent Exploitation of Cash Retraction: Initially, fraudsters exploited the retraction feature by picking up cash before the machine could record the retraction, causing discrepancies in transaction logs.

Emergence of Fake Shutter Overlay Fraud: A new form of fraud, called the fake shutter overlay fraud, has emerged. In this scam, criminals place a fake cover over the ATM’s cash dispensing slot, which traps the cash.

They retrieve the cash after the customer leaves, believing the transaction has failed.

ATM Security Measures: In response to the new fraud type, RBI is considering measures to reintroduce cash retraction in certain ATMs to tackle fake shutter overlay fraud.

8) Answer: E

Short Explanation:

For the first time since at least five years, the number of ATMs in the country has fallen with a decrease seen across all segments – metro cities, urban and semi-urban centres as well as rural areas.

UPI usage has surged significantly, with transactions increasing 25-fold over the past five years.

Detailed Explanation:

RBI data shared in Parliament showed that at the end of Sept 2024, the number of ATMs in the country was pegged at 2,55,078, as against 2,57,940 a year ago, a decline of just above 1%.

Regional Decrease:Rural areas saw the sharpest decline of 2.2%, with ATM numbers dropping to 54,186.

Metro cities recorded a 1.6% drop in ATM numbers, bringing the count down to 67,224.

Reasons for ATM Closures: According to the Ministry of Finance, reasons for ATM closures include:

Amalgamation of banks.

Low usage and lack of commercial viability.

Relocation of ATMs.

Impact of Digital Payments: The rise of digital payment methods such as UPI and cards has led to a reduced reliance on cash.

This shift has made many ATMs unviable.

UPI usage has surged significantly, with transactions increasing 25-fold over the past five years.

9) Answer: E

Short Explanation:

The rate of interest on Government of India Floating Rate Bond 2031 (FRB 2031) applicable for the half year December 07, 2024 to June 06, 2025 shall be 7.59% per annum.

RBI Floating Rate Savings Bonds have a seven-year lock-in period.

Detailed Explanation:

The rate of interest on Government of India Floating Rate Bond 2031 (FRB 2031) applicable for the half year December 07, 2024 to June 06, 2025 shall be 7.59% per annum.

RBI Floating Rate Savings Bonds have a seven-year lock-in period.

Premature withdrawal is generally not allowed, except for senior citizens who can withdraw early with a penalty after a minimum lock-in period.

The lock-in period depends on age: six years for those aged 60 to 70, five years for those aged 70 to 80, and four years for those over 80.

The interest rate on these bonds is reset twice a year.

The RBI floating rate savings bond has a minimum subscription amount of Rs 1,000 and in multiples of Rs 1,000, thereafter.

There is no maximum investment limit.

The bond is issued by the RBI and comes with a sovereign guarantee.

10) Answer: B

Short Explanation:

PhonePe launched a Dengue and Malaria Insurance Plan starting at ₹59 per year on its platform.

Coverage: The plan offers comprehensive coverage of up to ₹1 lakh for medical expenses related to vector-borne and air-borne diseases, including Dengue and Malaria.

Detailed Explanation:

PhonePe launched a Dengue and Malaria Insurance Plan starting at ₹59 per year on its platform.

Coverage: The plan offers comprehensive coverage of up to ₹1 lakh for medical expenses related to vector-borne and air-borne diseases, including Dengue and Malaria.

Target Audience: The plan is aimed at providing financial protection to users, particularly in Tier 2 and Tier 3 cities, against unexpected medical expenses due to these diseases.

Extensive Coverage: The plan covers over 10 vector-borne and air-borne diseases, providing extensive health protection year-round.

Affordable Premium: The plan is available at an affordable premium, making it accessible to a wide range of users.

11) Answer: E

Short Explanation:

The Reserve Bank of India (RBI) has proposed to link the FX-Retail platform with the Bharat Connect platform of the National Payments Corporation of India (NPCI).

FX-Retail Platform: Launched in 2019 by the Clearing Corporation of India Limited (CCIL), the FX-Retail platform provides an internet-based application for buying and selling foreign exchange.

Detailed Explanation:

The Reserve Bank of India (RBI) has proposed to link the FX-Retail platform with the Bharat Connect platform of the National Payments Corporation of India (NPCI).

It serves a variety of users, including individuals, corporates, trusts, cooperative banks, and institutional investors.

Linking with Bharat Connect: The linkage between the FX-Retail platform and Bharat Connect (formerly known as Bharat Bill Payment System) will allow users to access and transact on the FX-Retail platform through integrated mobile apps, internet banking, and non-bank payment systems.

Pilot Program: The first phase of this integration will include a pilot that facilitates the purchase of US Dollars against Indian Rupees by individuals and sole proprietors.

12) Answer: B

Short Explanation:

Starting January 1, 2025, around 1.8 crore students from state-funded higher education institutions (HEIs), including universities and IITs, will gain access to research papers from leading global journals under the government’s ‘One Nation, One Subscription’ (ONOS) initiative.

The initiative will be coordinated by the Information and Library Network (INFLIBNET), an autonomous inter-university center under the University Grants Commission (UGC).

The Central government funds the Rs. 6,000 crore scheme for a three-year period.

Detailed Explanation:

Access to Global Journals:

In the first phase, over 13,400 international journals from renowned publishers like Elsevier, Springer Nature, and Wiley will be available to students, researchers, and faculty.

Disciplines covered include science, technology, engineering, mathematics (STEM), medicine, social sciences, management, and humanities.

Institutions Benefiting:

6,380 institutions, including:

451 state public universities

4,864 colleges

172 institutes of national importance

Phased Implementation:

Phase 1 (2025): Access to state-funded HEIs.

Phase 2: Extension to private academic institutions via a public-private partnership (PPP) model.

Phase 3: Universal access through public libraries across India.

Coordination and Funding:

The initiative will be coordinated by the Information and Library Network (INFLIBNET), an autonomous inter-university center under the University Grants Commission (UGC).

The Central government funds the Rs. 6,000 crore scheme for a three-year period.

13) Answer: C

Short Explanation:

Prime MinisterNarendra Modi unveiled the complete works of the legendary Tamil poet, freedom fighter, and visionary Subramania Bharati at 7, Lok Kalyan Marg, New Delhi.

Titled “Kaala Varisaiyil Bharati Padaippugal,” the compendium spans 23 volumes compiled over six decades by Seeni Vishwanathan, with publication by Alliance Publishers.

Detailed Explanation:

Prime MinisterNarendra Modi unveiled the complete works of the legendary Tamil poet, freedom fighter, and visionary Subramania Bharati at 7, Lok Kalyan Marg, New Delhi.

Titled “Kaala Varisaiyil Bharati Padaippugal,” the compendium spans 23 volumes compiled over six decades by Seeni Vishwanathan, with publication by Alliance Publishers.

Includes insightful commentary, background information, philosophical analysis, and detailed annotations of Bharati’s works.

Aimed at supporting research scholars and intellectuals, offering a deeper understanding of Bharati’s literary and philosophical contributions.

Modi praised Bharati as a thinker and reformer whose works envisioned freedom, equality, and social justice.

Bharati’s fearless journalism and impactful poetry, such as “Kannan Pattu,” reflected his spirituality and empathy for the marginalized.

Modi emphasized Bharati’s advocacy for youth and women empowerment, science, and innovation, lauding his prophetic vision for a connected India.

14) Answer: D

Short Explanation:

The Ministry of Ports, Shipping, and Waterways has introduced the Merchant Shipping Bill, 2024, in the Lok Sabha, aiming to repeal and replace the Merchant Shipping Act, 1958.

Detailed Explanation:

The Ministry of Ports, Shipping, and Waterways has introduced the Merchant Shipping Bill, 2024, in the Lok Sabha, aiming to repeal and replace the Merchant Shipping Act, 1958.

This legislation seeks to modernize maritime laws, align them with India’s international obligations, and promote the development of the shipping sector.

Establishment of National Shipping Board:

A National Shipping Board will be created to advise the Central Government on matters concerning Indian shipping.

The Board will have the authority to regulate its procedures for conducting business.

Maritime Administration:

The Central Government will appoint a Director-General of Maritime Administration to oversee maritime operations.

Registration of Vessels:

Vessel ownership is permitted for:

Indian citizens, including Non-Resident Indians (NRIs) or Overseas Citizens of India (OCIs).

Companies or bodies established under any Central or State Act, with their registered office in India.

15) Answer: E

Short Explanation:

The Government of India has launched a series of impactful programs aimed at boosting agricultural productivity, empowering farmers, and fostering sustainable practices.

Detailed Explanation:

The Government of India has launched a series of impactful programs aimed at boosting agricultural productivity, empowering farmers, and fostering sustainable practices.

Clean Plant Programme (CPP)

Launch Date: August 9, 2024

Budget: ₹1,765.67 crore

Objective:

Enhance horticultural productivity by supplying disease-free planting materials.

Promote the use of climate-resilient crop varieties for better yields and sustainable farming practices.

Digital Agriculture Mission

Launch Date: September 2, 2024

Budget: ₹2,817 crore (Central share: ₹1,940 crore)

Focus Areas:

Build digital public infrastructure for agriculture.

Implement the Digital General Crop Estimation Survey (DGCES) to enhance crop planning.

Agriculture Infrastructure Fund (AIF) Expansion

Approval Date: August 28, 2024

Key Updates:

Establishment of integrated processing units.

Integration with PM-KUSUM-A projects to ensure comprehensive agricultural growth.

National Mission on Edible Oils – Oilseeds (NMEO-Oilseeds)

Launch Date: October 3, 2024

Budget: ₹10,103 crore

Duration: 2024–25 to 2030–31

Objective:

Boost domestic oilseed production to reduce dependence on imports.

National Mission on Natural Farming (NMNF)

Launch Date: November 25, 2024

Budget: ₹2,481 crore

Objective:

Promote natural farming methods as a sustainable alternative to conventional practices.

16) Answer: E

Short Explanation:

Renowned Indian ecologist Madhav Gadgil has been named one of the six Champions of the Earth for 2024 by the United Nations Environment Programme (UNEP).

This prestigious accolade is the UN’s highest environmental honor, awarded in recognition of Gadgil’s lifetime achievement in protecting ecosystems and empowering communities.

Detailed Explanation:

Renowned Indian ecologist Madhav Gadgil has been named one of the six Champions of the Earth for 2024 by the United Nations Environment Programme (UNEP).

This prestigious accolade is the UN’s highest environmental honor, awarded in recognition of Gadgil’s lifetime achievement in protecting ecosystems and empowering communities.

Gadgil is celebrated for his groundbreaking work in safeguarding the ecologically fragile Western Ghats, a UNESCO World Heritage site.

His influential Gadgil Report (2011) highlighted the risks of unchecked development in this vital region, advocating eco-sensitive zones to restrict environmentally hazardous activities.

Authored seven books and over 225 scientific papers, influencing both public opinion and policy on natural resource conservation.

Global Laureates for 2024

Apart from Madhav Gadgil, the other Champions of the Earth for 2024 include:

Sonia Guajajara (Brazil): Minister of Indigenous Peoples.

Amy Bowers Cordalis (USA): Environmental leader.

Gabriel Paun (Romania): Conservationist.

Lu Qi (China): Environmental advocate.

SEKEM (Egypt): Organization for sustainable agriculture initiatives.

17) Answer: C

Bharati Kolli, a trailblazer in the banking sector, has been recognized as one of the Rising Star Women Leaders of Banking for 2024 by the esteemed group, Women We Admire.

This accolade highlights her outstanding contributions, particularly in the field of data management, and underscores her influence as a leader in banking and financial services.

Profile Overview

Name: Bharati Kolli

Age: 43

Hometown: Vizianagaram, Andhra Pradesh

Current Position: Director, Data Management Office, Industrial and Commercial Bank of China (ICBC)

Location: New York, USA

Recognition: Listed among the Rising Star Women Leaders of Banking for 2024 by Women We Admire

18) Answer: D

Short Explanation:

Renowned filmmaker Shaji N Karun has been awarded the JC Daniel Award 2023, the highest honor in Kerala cinema, for his extraordinary lifetime contributions to Malayalam cinema.

Detailed Explanation:

Renowned filmmaker Shaji N Karun has been awarded the JC Daniel Award 2023, the highest honor in Kerala cinema, for his extraordinary lifetime contributions to Malayalam cinema.

Award Details:

Includes a purse of ₹5 lakh, a citation, and a statuette.

Presented annually by the Kerala State Government to honor lifetime contributions to cinema.

Jury Panel:

Chaired by filmmaker TV Chandran (2022 JC Daniel Award recipient).

Other members included KS Chitra (singer), Vijayaraghavan (actor), and C Ajoy (Chalachithra Academy secretary).

Impact on Malayalam Cinema

Global Recognition:
Shaji N Karun’s films have consistently earned international acclaim, bringing Malayalam cinema to the global stage.

Notable Works:

Piravi: Screened at over 70 international film festivals, a landmark in Malayalam cinema.

Swam: Nominated for the Palme d’Or at Cannes, showcasing the universal appeal of his storytelling.

Vanaprastham: Another Cannes selection, further cementing his legacy as an internationally celebrated filmmaker.

19) Answer: C

Short Explanation:

Power Grid Corporation of India Limited (PGCIL) has entered into a memorandum of understanding (MoU) with IIT Roorkee for a Corporate Social Responsibility (CSR) initiative valued at Rs. 20.73 crore.

Detailed Explanation:

The collaboration aims to foster technological innovation by setting up three state-of-the-art Centres of Excellence (CoEs) at the Institute’s Computer Centre.

Command-and-Control Centre for campus UHS networks.

IoT Research & Application Centre for advanced studies in the Internet of Things.

A Cyber Security and Mobile Security Lab for hackathons and awareness initiatives.

These CoEs will support cutting-edge research and development and benefit approximately 11,000 students on campus and beyond.

20) Answer: B

Short Explanation:

India and the United Kingdom have signed a Statement of Intent (SoI) to cooperate on the design and development of electric propulsion systems for the Indian Navy.

Detailed Explanation:

India and the United Kingdom have signed a Statement of Intent (SoI) to cooperate on the design and development of electric propulsion systems for the Indian Navy.

This agreement, signed in Portsmouth, underscores the growing partnership between the two nations in advancing naval technologies.

The agreement aims to foster co-design, co-creation, and co-production of advanced electric propulsion capabilities for future naval ships.

It marks progress in the ongoing collaboration under the Electric Propulsion Capability Partnership, following prior discussions held during the second and third Joint Working Group meetings in 2023.

21) Answer: D

Short Explanation:

Ajay Seth, the Economic Affairs Secretary, has been given the additional charge of the Revenue Department.

This change comes in the wake of Sanjay Malhotra’s appointment as the Governor of the Reserve Bank of India (RBI), effective December 11, 2024.

He will oversee the 55th meeting of the GST Council, scheduled for December 21, in Jaisalmer.

Detailed Explanation:

Ajay Seth, the Economic Affairs Secretary, has been given the additional charge of the Revenue Department.

This change comes in the wake of Sanjay Malhotra’s appointment as the Governor of the Reserve Bank of India (RBI), effective December 11, 2024.

Sanjay Malhotra served as Revenue Secretary for two years, overseeing the administration of direct and indirect taxes.

He worked closely with Finance Minister Nirmala Sitharaman and was involved in key pre-Budget consultations.

As Revenue Secretary, Ajay Seth will also assume the role of Secretary to the GST Council (an ex-officio position).

He will oversee the 55th meeting of the GST Council, scheduled for December 21, in Jaisalmer.

22) Answer: B

Short Explanation:

Salil Hajarnis has been appointed as the Chief Technology Officer (CTO) of Poonawalla Fincorp, a non-banking finance company (NBFC) promoted by the Cyrus Poonawalla Group.

Hajarnis replaces Dhiraj Saxena, who resigned as CTO effective December 3, 2024.

Detailed Explanation:

Salil Hajarnis has been appointed as the Chief Technology Officer (CTO) of Poonawalla Fincorp, a non-banking finance company (NBFC) promoted by the Cyrus Poonawalla Group.

He will lead the company’s technology strategy with a focus on digital transformation and AI-driven customer solutions.

His leadership will be crucial for enhancing customer experiences and maintaining the company’s competitive edge in the NBFC sector.

Hajarnis replaces Dhiraj Saxena, who resigned as CTO effective December 3, 2024.

23) Answer: C

Short Explanation:

IISR Surasa is a new ginger variety developed by the ICAR – Indian Institute of Spices Research (IISR) through a farmers participatory breeding programme.

The original rhizome of Surasa was discovered in Kodancherry, Kozhikode by farmer John Joseph.

The variety is approved by the Kerala State Varietal Release Committee for cultivation in Kerala.

Detailed Explanation:

IISR Surasa is a new ginger variety developed by the ICAR – Indian Institute of Spices Research (IISR) through a farmers participatory breeding programme.

The original rhizome of Surasa was discovered in Kodancherry, Kozhikode by farmer John Joseph.

The research and development took over six years of testing and trials in various regions.

Bold and plumpy rhizomes with a whitish yellow core and low fiber content.

Dry recovery rate of about 21%, ideal for making dry ginger.

High yield potential: It can yield up to 24.33 tonnes per hectare, ensuring consistent production.

Suitable for polybag cultivation.

Commercial Applications:It is the first ginger variety in India developed exclusively for use as a vegetable.

The variety is approved by the Kerala State Varietal Release Committee for cultivation in Kerala.

24) Answer: A

Short Explanation:

Indian Institute of Technology Madras (IIT Madras) became the first research organization globally to release the most detailed 3D high-resolution images of the fetal brain.

Detailed Explanation:

Indian Institute of Technology Madras (IIT Madras) became the first research organization globally to release the most detailed 3D high-resolution images of the fetal brain.

A total of 5,132 brain sections were captured digitally using advanced brain mapping technology developed by the Sudha Gopalakrishnan Brain Centre at IIT Madras.

The data offers 0.5-micron accuracy and allows analysis at the cellular level.

Research Details:The project focused on five fetal brains in the second trimester, specifically between 14 and 24 weeks.

The dataset generated provides significant insights into neurodevelopmental disorders and advances in fetal medicine.

Cost and Collaboration:The research was completed at less than 1/10th of the costs of similar studies in Western countries.

The release of the dataset, named DHARANI, is a significant advancement in human neuroscience research and is the largest publicly accessible digital dataset of the human fetal brain, enhancing current knowledge by 20X.

25) Answer: B

Short Explanation:

Aryna Sabalenka, the 26-year-old Belarusian tennis star, received the prestigious WTA Player of the Year award for 2024.

Detailed Explanation:

Aryna Sabalenka, the 26-year-old Belarusian tennis star, received the prestigious WTA Player of the Year award for 2024.

Won two Grand Slam titles: Australian Open (January) and U.S. Open (September).

Secured the No. 1 spot in the WTA rankings in October, overtaking Iga Swiatek.

Ended the season with an impressive 56-14 record and earnings of nearly $10 million in prize money.

Recognized for her impactful debut on the WTA Tour, establishing herself as a promising talent.

26) Answer: E

Short Explanation:

Universal Health Coverage Day 2024 is observed on the 12th of December 2024.

This year’s theme, “Health: It’s on the government”, underscores the role governments play in ensuring that no one is forced to choose between health care and necessities such as food

Detailed Explanation:

Universal Health Coverage Day 2024 is observed on the 12th of December 2024.

This year’s theme, “Health: It’s on the government”, underscores the role governments play in ensuring that no one is forced to choose between health care and necessities such as food

The first healthcare system was established by a German named Chancellor Otto von Bismarck in 1883.

The insurance model, called the ‘Bismarckian system’, required everyone to have insurance for their medical expenses, which was similar to the current-day non-profit health insurance companies.

Universal Health Coverage Day was originally promoted by the World Health Organization.

27) Answer: A

Short Explanation:

The International Day of Neutrality, celebrated annually on December 12, is dedicated to promoting global peace, sovereignty, and the resolution of conflicts through diplomatic and impartial means.

THEME: “Promoting neutrality as an instrument of preventive diplomacy.”

Detailed Explanation:

THEME: “Promoting neutrality as an instrument of preventive diplomacy.”

Neutrality is a legal and diplomatic status that a nation adopts by abstaining from participating in wars or conflicts between other states. It is characterized by:

The day was first observed on December 12, 2017, aligning neutrality with the principles of the 2030 Agenda for Sustainable Development.

28) Answer: B

About AIBEA :

Founded : 20 April 1946

Headquarters : Chennai, Tamil Nadu

President : Rajen Nagar

29) Answer: C

About Syria :

Capital : Damascus

Currency : Syrian pound

30) Answer: E

About Bahrain :

Crown Prince and Prime Minister : Salman bin Hamad Al Khalifa

Capital : Manama

Currency : Bahraini dinar (BHD)

This post was last modified on December 13, 2024 4:47 pm

1 week ago

Daily Current Affairs Quiz – 12th December 2024

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