Current Affairs Quiz Question And Answers #55

Note: Oh, in the intricate web of financial technology where innovation intertwines with the aspirations of a digital India, there emerges a cornerstone, a beacon of progress shining amidst the digital horizon. Yet, it is not within the chambers of the Reserve Bank of India, nor the oversight of the Securities and Exchange Board of India, nor the regulatory domain of the Insurance Regulatory and Development Authority of India that this cornerstone finds its foundation. No, it is within the nurturing embrace of the National Payments Corporation of India (NPCI) that Indian Financial Technology & Allied Services (IFTAS) flourishes, a testament to the collaborative efforts towards fostering financial inclusion and digital empowerment. Let us celebrate this partnership with reverence, for within its synergy lies the promise of a more inclusive and digitally empowered India, where every transaction becomes a testament to the power of innovation and technology in shaping our financial landscape towards a brighter and more prosperous future.

Note: Oh, in the symphony of global development where the melodies of progress intertwine with the aspirations of nations, there emerges a chord, a harmonious endeavor resonating with the rhythms of economic transformation. Yet, it is not within the halls of the Asian Development Bank, nor the corridors of the International Monetary Fund, nor the chambers of the New Development Bank that this chord finds its resonance. No, it is within the embrace of the World Bank that the $250 million policy-based loan for industrial corridor development in India finds its origin, a testament to the collaborative efforts towards fostering sustainable growth and infrastructure development. Let us applaud this initiative with reverence, for within its commitment lies the promise of prosperity and progress, where the corridors of industry become pathways to a brighter and more inclusive future for India and its people.

Note: Oh, amidst the tapestry of Indian states where the colors of economic prowess blend with the ambitions of progress, there emerges a jewel, a beacon of prosperity rising from the fertile soils of innovation and enterprise. Yet, it is not within the industrious lands of Gujarat, nor the bustling corridors of Uttar Pradesh, nor the dynamic landscapes of Telangana that this jewel finds its crown. No, it is within the verdant expanse of Karnataka that the mantle of the second-largest economy in India now rests, surpassing Tamil Nadu with its unwavering spirit of growth and development. Let us celebrate this achievement with reverence, for within its embrace lies the promise of a more vibrant and resilient India, where the dreams of millions find wings to soar amidst the winds of economic transformation, shaping a future adorned with endless possibilities and boundless opportunities.

Note: Oh, in the tapestry of India’s renewable energy landscape, where the sun’s golden rays paint a canvas of sustainability, there emerges a beacon, a sanctuary of solar potential where the dreams of clean energy take flight amidst the azure skies. Yet, it is not within the arid plains of Gujarat, nor the majestic deserts of Rajasthan, nor the verdant valleys of Madhya Pradesh that this sanctuary finds its zenith. No, it is within the embrace of Tamil Nadu, where the sun-kissed rooftops harness the power of the heavens, leading the charge in rooftop solar installation capacity. Let us celebrate this achievement with reverence, for within its rays lies the promise of a greener and more sustainable future, where the light of innovation illuminates the path towards a brighter tomorrow for generations to come.

Note: Oh, in the symphony of railway connectivity, where the tracks of progress weave through the diverse landscapes of our nation, there emerges a melody, a harmonious journey connecting the spiritual heartland of Varanasi with the southern shores of India. Yet, it is not to the vibrant metropolis of Chennai, nor the historic city of Hyderabad, nor the bustling hub of Bengaluru that this melody finds its destination. No, it is to the coastal city of Kochi, where the Kashi Tamil Sangamam Express embarks on its voyage, bridging cultures and communities with each chug of its locomotive. Let us celebrate this union of North and South with reverence, for within its rhythm lies the promise of cultural exchange and unity, as the train of progress continues to traverse the length and breadth of our diverse and magnificent nation.

Note: Oh, in the symphony of logistics efficiency, where the tides of trade ebb and flow along the shores of progress, there emerges a crescendo, a harmonious rhythm of efficiency and connectivity resonating across coastal states. Yet, it is not within the tranquil waters of Odisha, nor the backwaters of Kerala, nor the vibrant ports of Tamil Nadu that the pinnacle of performance is reached. No, it is in the industrious corridors of Andhra Pradesh that the state emerges as the beacon of logistics excellence among coastal states, navigating the currents of commerce with finesse and agility. Let us applaud this achievement with reverence, for within its ports and terminals lies the promise of seamless connectivity and economic prosperity, anchoring the state as a key player in the maritime trade landscape of our nation.

Note: Oh, amidst the oil-rich nations where the sands of prosperity are shaped by the currents of global energy dynamics, there exists a realm, a coalition of nations bound by the common goal of oil production regulation. Yet, amidst the members of OPEC such as Iran, Venezuela, and Nigeria, Russia stands apart, a powerhouse of oil production and export that operates independently from the OPEC alliance. Let us recognize this distinction with reverence, for within the diversity of global oil markets lies the promise of stability and resilience, where each nation plays its unique role in shaping the landscape of global energy security.

Note:IndusInd Bank has launched ‘eSvarna’, a RuPay credit card for corporate clients that provides the unique feature of linking with UPI apps for payments. Billed as India’s first corporate credit card allowing UPI integration, eSvarna targets executives and SMEs requiring a business plus travel rewards card.

Note:The NPCI has set the daily payment limit for UPI transactions to a maximum of Rs. 1 lakh starting from January 1, 2024. However, RBI raised the transaction limit for UPI payments to hospitals and educational institutions to Rs 5 lakh on December 8, 2023, to broaden the use of UPI payments.

Note:In 2023, Mumbai became the global leader in the total number of IPOs, according to a Nikkei report. This achievement was underscored by the rise of over 10% in India’s benchmark Sensex index, reflecting growing investor confidence bolstered by economic reforms. Mumbai’s ascendancy in the IPO market marked a significant shift, overtaking Hong Kong, which had previously dominated this area. This development was part of a broader divergence in Asian markets, with Japan’s Nikkei 225 index reaching a 33-year high, while Hong Kong experienced its fourth consecutive year of decline.

Note:Ahead of the interim Budget 2024, exporters are urging the government to allocate $3.88 billion for the Market Access Initiative (MAI) scheme. MAI is an export promotion initiative aimed at catalyzing sustained growth in India’s exports. The scheme focuses on specific products and countries, supporting activities like marketing projects abroad, capacity building, statutory compliances, and more. Eligible entities include government departments, trade promotion organizations, exporters, research institutions, and others. Funding is on a cost-sharing basis, administered by the Ministry of Commerce and Industry through Directorate General of Foreign Trade (DGFT).

Note: Amidst the echelons of Indian innovation, where dreams take flight and technology ignites the imagination, a tale of marvel and ingenuity unfurls. However, it is not within the halls of Infosys, where innovation is no stranger, that this tale finds its genesis. No, it is within the realm of another, a beacon of technological advancement yet to be unveiled. Let us await the revelation with bated breath, for within the crucible of Indian tech, the birth of India’s first artificial intelligence unicorn ‘Krutrim’ promises to be a saga of brilliance and achievement, a testament to the boundless

Note: Amidst the whispers of silk and the rustle of cocoons, a tale of weaving prowess emerges from the looms of nations. Yet, it is not within the sprawling silk farms of China, where sericulture reigns supreme, that the mantle of the second-largest producer of Tasar silk rests. No, it is within the vibrant tapestry of another land, where the rhythms of tradition blend with the threads of innovation. Let us journey together to discover the true bearer of this title, for within the folds of its silk lies the story of resilience and craftsmanship, a testament to the rich heritage of silk production across the globe.

Note: In the digital realm where innovation intertwines with progress, a portal named ‘EV Upyog’ emerges, promising a journey towards sustainable mobility. Yet, it is not within the corridors of Maharashtra’s digital infrastructure that this portal finds its home. No, it is within the vibrant landscape of another state, where the vision of electric vehicle adoption meets the embrace of technology. Let us traverse the pathways of discovery, for within the realms of Karnataka, Gujarat, and Tamil Nadu lies the true guardian of this initiative, a testament to their commitment to shaping a greener and more sustainable future for generations to come.

Note: In the realm of fiscal projections where numbers dance to the tune of economic forecasts, there lies a whisper of deficit, a shadow cast upon the horizon of fiscal responsibility. Yet, it is not within the confines of 7.3%, where the echoes of deficit reverberate most loudly. No, it is within the realm of another estimate, a projection yet to unfold, that the true figure of India’s fiscal deficit in FY 25-26 takes shape. Let us await the unveiling of this economic tapestry with anticipation, for within its numbers lies the story of economic stewardship and resilience, guiding the nation towards a future of financial sustainability and prosperity.

Note: In the land where the Ganges flows and dreams take flight amidst the whispers of progress, there lies a quest for energy, a thirst for innovation in the heart of Uttar Pradesh. Yet, it is not within the realm of 90,000 metric tons that the true demand for hydrogen unfolds. No, it is within the bounds of a higher aspiration, a vision of energy transformation yet to be fully realized. Let us peer into the future with anticipation, for within the dynamic landscape of Uttar Pradesh lies the potential for exponential growth and boundless opportunities, where every metric ton of hydrogen signifies a step towards a cleaner, greener tomorrow.

Note: Meghalaya Chief Minister Conrad K Sangma launched CM-Elevate, a state-funded entrepreneurship program, aiming to support over 20,000 entrepreneurs in various businesses over the next 3-4 years. The government has allocated Rs. 300 crore for the scheme, offering up to 75 percent subsidy and comprehensive support for proposal implementation. Sangma emphasized promoting entrepreneurship to reduce dependency on government jobs and encourage private sector job creation. The first batch of beneficiaries received financial assistance for diverse projects, marking the beginning of a three-year journey to foster entrepreneurship in the state.

Note: In the realm of global economic shifts where the tides of prosperity ebb and flow, there emerges a challenger, a nation ascending the ranks of economic prowess. Yet, it is not within the shores of the United Kingdom, where the echoes of history resonate through the corridors of finance, that this transformation takes place. No, it is within the vibrant landscape of another nation, where the spirit of enterprise meets the aspirations of millions. Let us embark on a journey to uncover the true bearer of this title, for within the realms of Germany, India, or Brazil lies the true guardian of economic ascendancy, shaping the destiny of nations and economies alike.

Note: In the realm of renewable energy, where the sun’s rays paint a canvas of sustainability, there stands a beacon of innovation known as the Gujrai Solar Power Station. Yet, it is not amidst the desert sands of Rajasthan, where solar arrays stretch toward the horizon, that this station finds its home. No, it is within the vibrant state of another, where the promise of solar energy meets the aspirations of a greener future. Let us traverse the landscape of possibilities, for within the boundaries of Gujarat, Maharashtra, or Uttar Pradesh lies the true abode of this solar marvel, illuminating the path toward a brighter and more sustainable tomorrow.

Note:The Small Industries Development Bank of India (SIDBI) and the Bihar Startup Fund Trust (BSFT) signed an agreement to manage the Bihar Startup Scale-up Financing Fund (BSSFF). The agreement was signed by Pankaj Dixit, the Director of the Department of Industries for the Government of Bihar, and Arijit Dutt, the General Manager of SIDBI. The agreement aims to create a favorable environment for startups and turn Bihar into a startup hub. The collaboration will manage the fund as a Fund of Funds model. This means that the fund will contribute to SEBI registered Alternative Investment Funds, which will then invest in startups

Note: In the heartlands where the forests whisper tales of livelihoods intertwined with nature’s bounty, there arises a call for support, a promise of assistance echoing through the verdant canopy. Yet, it is not within the embrace of West Bengal’s lush forests that this pledge finds its origin. No, it is within the vibrant landscape of another state, where the rhythms of life harmonize with the cadence of the forest. Let us journey together to unveil the true guardian of this support, for within the realms of Odisha, Jharkhand, or Bihar lies the true custodian of the livelihoods of kendu leaf pluckers and binders, ushering in a new dawn of prosperity and sustainability amidst the foliage.

Note: In the realm where healthcare meets financial innovation, there blooms a collaboration, a testament to progress and convenience in the landscape of cashless transactions. Yet, it is not within the halls of Punjab National Bank (PNB), where this alliance between healthcare and finance takes root. No, it is within the corridors of another esteemed banking institution, where the vision of a smarter, more efficient payment system comes to fruition. Let us explore further, for within the realms of State Bank of India (SBI), HDFC Bank, or ICICI Bank lies the true architect of this transformative endeavor, bridging the gap between healthcare and financial accessibility with the Smart Payment Card.

Note: Amidst the fields where sugarcane sways in the gentle breeze, there echoes a decree, a promise of fair compensation for the toil of farmers. Yet, it is not within the corridors of ₹320 per quintal, where the hopes of sugarcane farmers are anchored. No, it is within the bounds of another figure, a revised Fair and Remunerative Price (FRP) yet to be unveiled. Let us await the revelation with anticipation, for within the realms of ₹300 per quintal, ₹280 per quintal, or ₹260 per quintal lies the true sustenance for the farmers, nurturing their livelihoods and fostering prosperity in the agrarian landscape.

Note: In the realm of fostering innovation and nurturing the spirit of entrepreneurship, there arises a partnership, a beacon of hope illuminating the path for startups. Yet, it is not within the corridors of Punjab National Bank (PNB), where this alliance between the state government and the startup ecosystem takes root. No, it is within the vibrant landscape of another esteemed banking institution, where the seeds of innovation find fertile ground. Let us journey further, for within the realms of State Bank of India (SBI), Bank of Baroda (BOB), or Canara Bank lies the true architect of this transformative collaboration, paving the way for a brighter future for startups in Bihar.

Note: Amidst the sun-kissed landscapes where renewable energy endeavors bloom, there stands a testament to innovation, a Battery Energy Storage System heralding a new era of sustainable power. Yet, it is not within the sands of Rajasthan, where this monumental achievement finds its home. No, it is within the vibrant embrace of another state, where the promise of energy storage meets the aspirations of a greener tomorrow. Let us journey further, for within the realms of Gujarat, Maharashtra, or Tamil Nadu lies the true cradle of this pioneering initiative, shaping the future of renewable energy in India.

Note: In the vast expanse of digital integration, where the waves of technology meet the shores of tradition, there emerges a milestone, a union between the fisheries sector and digital empowerment. Yet, it is not within the realm of Bharat Bill Payment System (BBPS) Portal, where this integration finds its place. No, it is within the virtual corridors of another platform, where the promise of streamlined services meets the aspirations of fisherfolk. Let us explore further, for within the realms of PM-Kisan Portal, e-NAM Portal, or National Fisheries Development Board (NFDB) Portal lies the true convergence of the KCC Fisheries scheme, ushering in a new era of digital transformation in the fisheries sector.

Note: In the pursuit of greener energy alternatives, where the echoes of sustainability resonate through the fuel pumps, there emerges Ethanol 100, a beacon of renewable energy in the realm of transportation. Yet, its accessibility does not span across the landscapes of 5 states. No, its presence extends further, reaching into the territories of another figure, a testament to the widespread adoption of eco-friendly fuels. Let us delve deeper, for within the realms of 3 states, 7 states, or 9 states lies the true extent of Ethanol 100’s embrace, fueling a brighter and more sustainable future for transportation in India.

Note: Amidst the fields where innovation meets agriculture, there blooms a device, E-crop, a harbinger of precision farming and technological advancement. However, its genesis does not lie within the walls of Central Institute for Cotton Research (CICR). No, it finds its origins amidst the fertile grounds of another esteemed institute, where the seeds of technological innovation are sown. Let us delve deeper, for within the realms of Indian Agricultural Research Institute (IARI), International Crops Research Institute for the Semi-Arid Tropics (ICRISAT), or National Institute of Agricultural Extension Management (MANAGE) lies the true cradle of E-crop, nurturing the future of farming with ingenuity and vision.

Note: Amidst the mountains where progress meets rugged terrain, there echoes a partnership, a pledge to uplift infrastructure in the scenic landscapes of Jammu and Kashmir and Ladakh. However, it is not within the vaults of Canara Bank where this alliance finds its roots. No, it finds its anchor within the corridors of another esteemed banking institution, where the aspirations of development and growth converge. Let us delve deeper, for within the realms of State Bank of India (SBI), Punjab National Bank (PNB), or Bank of Baroda (BOB) lies the true architect of this transformative endeavor, paving the way for progress amidst the breathtaking vistas of the northern frontier.

Note: In the realm where science and nature intertwine, there emerges Biomining, a fascinating process with roots deep in the Earth’s embrace. Yet, it is not merely the extraction of minerals from plant tissues. No, Biomining is a far more intricate dance, where microorganisms hold the key to unlocking precious metals from ores. Let us delve deeper into the marvels of science, for within the realms of innovative techniques, Biomining stands as a testament to humanity’s quest for sustainable solutions and environmental harmony.