ALL EXAM QUIZ 12.06.2024

Explanation:

• Ramoji Film City founder and media baron Ramoji Rao passed away at the age of 87 on 8 June.
• He was a towering figure in the field of media and his rich contributions have left an indelible mark on journalism and the film world.
• Ramoji Rao's Eenadu newspaper was crucial in swaying public opinion in favour of Nandamuri Taraka Rama Rao, also known as NTR, when he created the Telugu Desam Party (TDP) in 1982 in opposition to the Congress.
• Apart from this, Rao had supported Naidu when the latter revolted against his father-in-law NTR in 1995, leading to a significant political upheaval in Andhra politics at the time.
• Under Ramoji's leadership, Eenadu became a major force in Telugu media.
• Apart from the world-famous Ramoji Film City, Rao's vast empire of media business also includes the Telugu daily Eenadu newspaper, ETV network of channels and film production.
• In 2016, he was awarded the Padma Vibhushan, India's second-highest civilian award.

Explanation:

• First Command and Control Compatibility Board meeting for 2024 between India and the US was organized.
• The meeting was organized from 04 to 07 June 2024 at Manekshaw Centre, New Delhi.
• The meeting was attended by a 29-member US delegation led by Mr. Paul Nicholson, Executive Director, US INDOPACOM and a 38-member Indian delegation led by Brigadier Rahul Anand of Headquarters Integrated Defence Staff.
• The CCCB, held biannually, is a Technical Expert Group constituted under Article XI of the Communications Compatibility and Security Agreement (COMCASA) between India and the US.

Explanation:

• UNESCO’s State of the Ocean Report found knowledge gaps in research & data on spiking oceanic warming.
• As per the UNESCO State of Ocean Report, the world is still insufficient to design solutions for multiple ocean crises that can remove carbon dioxide from the atmosphere.
• The upper 2,000 metres (m) of oceans warmed at a rate of 0.32 ± 0.03 watts per square metre (W/m2) between 1960 to 2023.
• The rate of ocean warming has doubled in the last two decades. It has become a major concern for scientists.
• The report provides regular data on how ocean warming is evolving and its impacts.
• 90 per cent of the EEI is absorbed by oceans. OHC is the total amount of heat stored by oceans.

Explanation:

• Vellayan Subbiah has been selected for the EY World Entrepreneur of the Year 2024.
• He is the fourth winner from India in the 24-year history of the award.
• This makes India the only country among EY regions to win the global entrepreneurship award four times.
• Other Indians who won the award are Narayana Murthy, Uday Kotak and Kiran Mazumdar Shaw.
• Vellayan Subbiah is the Executive Vice-Chairman of Tube Investments of India (TII) and Chairman of Cholamandalam (Chola) Investment and Finance Co. Ltd.
• He was chosen from among nearly 5,000 programme participants.
• These participants included 51 winners across 47 countries and jurisdictions.
• He was awarded the EY Entrepreneur of the Year for India in 2023.

Explanation:

• French Parliament and National Assembly has been dissolved by President Emmanuel Macron.
• This has been done after exit polls showed his party’s heavy loss in European parliamentary elections.
• As per the preliminary estimates, National Rally (RN) party won 31.5% of the vote.
• This is more than the double the share of Renaissance Party of Macron.
• Renaissance Party of Macron secured 2nd place with 15.2% of the vote.
• It is ahead of the Socialists in third place 14.3%.
• There will be two rounds of elections- the first elections on June 30 and the second on July 7.
• In the French system, the 577 members of the National Assembly, the lower House, are chosen through parliamentary elections.

Explanation:

• India’s EXIM Bank opened its East Africa office to boost business & trade.
• The Export-Import Bank of India (India Exim Bank) has recently inaugurated the East Africa Representative Office in Nairobi.
• It will enhance India's business presence in the region.
• This will boost trade and investment between India, Kenya, and East Africa.
• Merchandise trade between India and East Africa reached US$12.9 billion in 2022.
• Under the Overseas Investment Finance Programme, India Exim Bank has supported ventures in 14 African Countries.

Explanation:

• The Indian Army has reviewed the Agnipath scheme and made several recommendations.
• The Indian Army suggested increasing the service period from 4 to 7-8 years.
• They also recommended increasing the entry age for Agniveers in the technical field to 23 years.
• It is also recommended that ex-gratia be provided for disabilities during training and that exit management should be handled by a professional agency.
• It recommended that if an Agniveer dies in war, their family should receive a subsistence allowance.

Agnipath scheme

• It was launched to boost youth recruitment in the armed forces and to reduce the pension bill.
• Under the scheme, both male and female candidates are recruited as Agniveers in the 'below officer's rank' cadre of the three services of the country for a period of four years.
• The government launched the Agneepath scheme on June 15, 2022.

Explanation:

• RBI raised the bulk fixed deposit limit to Rs 3 crore from Rs 2 crore.
• The Reserve Bank of India (RBI) has revised the definition of a bank ‘bulk deposit’.
• At present, a bank FD of Rs 2 crore and above is considered a bulk FD.
• The new threshold for ‘bulk deposit’ or bulk FD is Rs 3 crore. It means deposits below this amount will not be considered bulk deposits.
• Single rupee term deposits of up to Rs 2 crore with Scheduled Commercial Banks (excluding Regional Rural Banks) and Small Finance Banks will be part of retail fixed deposits.
• It has been also proposed to define the bulk deposit limit for Local Area Banks as Single Rupee term deposits of Rs 1 crore and above.
• RBI has also proposed to rationalise guidelines for export and import of goods and services under Foreign Exchange Management Act (FEMA), 1999 to promote the ease of doing business.

Explanation:

• International Archives Day was observed on 9 June to raise awareness among public about the importance of records and archives.
• The goal of this day is to raise awareness of the importance of long-term archival preservation and access among the general public, private sector, and public sectors.
• 2000 participants in the Vienna International Congress of 2004 passed a motion asking the UN to keep a day to recognise the significance of archives.
• It was resolved to observe June 9th as International Archives Day during the International Council on Archives' Annual General Meeting later in 2007.

Explanation:

• PNB MetLife has appointed Sameer Bansal as MD and CEO.
• He will succeed Ashish Srivastava. He is currently serving as the Chief Distribution Officer.
• His appointment is effective from 1 July 2024 and subject to regulatory approvals.
• Ashish Srivastava has been appointed MD of MetLife Inc.’s Global Shared Services team in India.
• PNB MetLife Insurance is a joint venture between MetLife International Holdings LLC and Punjab National Bank.