ALL EXAM QUIZ 20.05.2024

Explanation:

• Moody's Ratings said the Indian economy is expected to grow at 6.6% in the current financial year 2024-25, driven by strong credit demand that will support the profitability of the NBFC sector.
• However, the rating agency's 2024-25 GDP growth projections are lower than those made by the RBI.
• In the latest monetary policy review meeting, the RBI projected the Indian economy to grow at 7% in 2024-25.
• The global rating agency has pegged India's growth rate at 6.2% for the next financial year 2025-26.
• During the October-December quarter of fiscal year 2023-24, India's GDP grew by a massive 8.4%, and the country remains the fastest-growing major economy and is set to maintain its growth path going forward.
• In 2022-23, India’s economy grew 7.2% and 8.7% in 2021-22, respectively.
• In addition, the IMF has raised India's growth forecast for 2024 to 6.8% from 6.5% in its latest outlook.
• India's GDP size currently ranks 5th after America, China, Germany and Japan. In 2022, India overtook the UK.
• Currently, India's GDP is estimated to be around US$3.7 trillion.

Explanation:

• BHISHM Portable Hospital tested in Agra for airdrop from aircraft by the Indian Air Force.
• This is the first time that the Indian Air Force has tested this portable hospital.
• This test was done so that the portable hospital could be deployed anywhere to deal with emergencies.
• According to the Ministry of Information and Broadcasting, BHISHM Portable Cubes are a part of a broader initiative called "Project BHISHM" (Bharat Health Initiative for Sahyog, Hita and Maitri).
• It is designed to treat up to 200 casualties with an emphasis on quick response and comprehensive care.
• Specifically, the Aid Cube is equipped with a number of innovative tools designed to enhance disaster response and medical assistance during emergencies.
• Additionally, it incorporates data analytics and artificial intelligence (AI) to support efficient management, real-time monitoring, and effective coordination of medical services in the field.
• The entire unit consists of 72 easily transportable components that can be easily transported by hand, bicycle or even by drone, providing unmatched flexibility.

Explanation:

• In the financial year ended in March 2024, the total profit of Public Sector Bank crossed ₹1.4 lakh crore.
• It recorded a growth of 35 per cent over the previous year with a high base of ₹1 lakh crore.
• In 2022-23, 12 public sector banks' total profit reached a net profit of ₹1,04,649 crore.
• State Bank of India (SBI) contributed more than 40% of the total earnings.
• SBI earned a profit of ₹61,077 crore, which is 22% more than the previous financial year.
• Delhi-based Punjab National Bank with 228% had the highest net profit growth in terms of Percentage.
• It is followed by the Union Bank of India with a 62 per cent rise and the Central Bank of India with a 61 per cent increase.
• Bank of India registered a growth of 57% while Bank of Maharashtra's profit increased by 56%.
• In the financial ecosystem, the government has implemented a comprehensive 4R strategy: Recognising NPAs transparently, Resolution and Recovery, Recapitalising PSBs, and Reforms.

Explanation:

• Nobel Prize-winning author Alice Munro died at the age of 92.
• Alice Munro, first Canadian author to win the Nobel Prize in literature, has died at the age of 92 in Ontario.
• Her collections of short stories represent complexity and authenticity.
• She is one of the most renowned writers in Canada. She received the Nobel Prize in Literature in 2013.
• Her last work title was "Dear Life", which is a collection of short stories.
• Alice Munro was born on July 10, 1931 in Ontario. Alice Munro devoted herself to writing by the end of the 1960s.

Explanation:

• Chandrakant Satija has won the Global Excellence Award 2024 for being the “Most Trusted Admission Consultant in Vidarbha Region”.
• Famous Bollywood actress Shilpa Shetty Kundra presented the award to him on May 12th.
• Chandrakant Satija is the Founder and CEO of Chandra Admission Consultants.
• His company, Chandra Admission Consultants, assists applicants in securing admissions into prominent universities in India and abroad.

Explanation:

• A rare and endangered tree species, Uniyala multibracteata (locally known as Kattupoovamkurunnila), has been rediscovered after a gap of 140 years.
• Kattupoovamkurunnila is endemic to Wagamon, Memala, and Elappara areas.
• This species was originally discovered from Peerumade in 1880 by R.H. Beddome.
• Its height is about 2 to 5 meters and its leaves are covered with cottony hairs.
• It is found in evergreen forests and rocky grasslands on 1,200 metres above sea level.
• The presence of this rare species in Wagamon shows the presence of rich biodiversity outside the protected area in the Western Ghats.
• This shows the importance of conservation in the non-protected forests in the Western Ghats.
• The rediscovery of Kattupoovamkurunnila has been published in a recent issue of the Wildlife Information Liaison Development Society journal, Journal of Threatened Taxa.

Explanation:

• A Japanese consortium has released the world’s first high-speed 6G prototype device.
• It will be 20 times faster than 5G and transmit data at a whopping 100 gigabits per second (Gbps).
• This 6G prototype device is a result of a collaboration of leading companies, including DOCOMO, NTT Corporation, NEC Corporation, and Fujitsu.
• These tests were conducted over a distance of 328 feet (100 meters).
• At present, 5G has a theoretical maximum speed of 10 GB/s. Its average speed is around 200 megabits per second (Mbps) for T-Mobile users in the US.

Explanation:

• Indian Institute of Petroleum & Energy discovered an eco-friendly solution for treating muddy river water.
• Indian Institute of Petroleum & Energy (IIPE), Visakhapatnam, and other research institutions have developed an effective eco-friendly solution to resolve the problems associated with water treatment at various levels.
• This eco-friendly solution ‘Surface Modification Technique of Membrane’ will help in the treatment of muddy river water.
• Researchers of Assam Science and Technology University and the Institute of Advanced Study in Science and Technology have joined the IIPE team in the research.
• This research has been published in the Nature Scientific Reports journal.
• Water pollution is a major issue in rural and urban areas. This new technique is beneficial for water treatment in industries such as pharmaceuticals, food processing, textiles and biotechnology.
• This technique utilizes non-toxic gases and is eco-friendly. It reduces the need for chemicals or solvents in surface modification processes.
• Muddy water reduces oxygen levels, blocks sunlight and carries pollutants.

Explanation:

• The International Day of Light is celebrated on 16 May each year.
• It is observed to mark the anniversary of the first successful operation of the laser in 1960 by Physicist and Engineer Theodore Maiman.
• This day is observed to raise awareness about the significance of light.
• It encourages scientific collaboration and possibilities of light-based technologies for innovation, creativity and sustainable societies.
• In 2016, UNESCO adopted the resolution to celebrate International Day of Light every year.
• The first International Day of Light was observed in 2018.

Explanation:

A-3, B-2, C-1, D-4