ALL EXAM QUIZ 06.02.2025

Explanation:

• Legendary former batter Sachin Tendulkar conferred with the BCCI’s Lifetime Achievement Award in Mumbai on February 1.
• The award has been presented at the Board’s annual gala in Mumbai.
• Tendulkar is the 31st recipient of the award.
• This Lifetime Achievement Award has been started in 1994 in the honour of India’s first captain Col. C K Nayudu.
• Jasprit Bhumrah has been selected for the Polly Umirgar Award for the best International Cricketer for 2023-24 in men’s category.
• In the Women’s Category, Smiriti Mandhana has been selected for the best International Cricketer for 2023-24.
• Sarfaraz Khan has been selected for the Best International Debut Award.
• Tanush Kotian has been selected for the Best Performance in BCCI Domestic Trophy.

Explanation:

• Navin Chawla passed away recently at the age of 79.
• He was a former chief election commissioner.
• He oversaw the 2009 Lok Sabha elections.
• He served as chief election commissioner from 2009 to 2010.
• He was a retired 1969-batch IAS officer of Arunachal Pradesh-Goa-Mizoram and Union Territory (AGMUT) cadre.
• He conducted general elections to legislative assemblies in seven States.
• He enabled third gender voters to prefer to vote in the category of “Other”.
• He had been inspired by Mother Teresa.

Explanation:

• Canada Prime Minister Justin Trudeau said that 25% tariffs on C$155 billion ($106.5 billion) of U.S. goods would be imposed.
• Tariff on C$30 billion would take effect from 4 February and on C$125 billion in 21 days.
• Earlier, Trump signed an executive order imposing 25% tariffs on all goods from Canada and Mexico and a 10% additional Tariff on China.
• Energy imported from Canada, including oil, natural gas and electricity, would be taxed at a 10 per cent rate.
• The US government has imposed tariffs to force these three countries to stop the spread and manufacturing of fentanyl.
• In response, Canada has imposed tariffs on 1,256 products, or 17% of all the products imported from the United States.
• Canada's government is also planning to take legal action under the relevant international bodies to challenge the 25% tariffs imposed by the United States on most Canadian goods.
• Mexico and Canada are the top two U.S. trading partners.

Explanation:

• FDI limit in the Insurance sector has been raised from 74 per cent to 100 per cent.
• In the budget FY25, Finance Minister Nirmala Sitharaman raised FDI limits in the insurance sector from 74 per cent to 100 per cent.
• This enhanced limit will be for those companies who will invest the entire premium in India.
• It will attract foreign investment, enhance competition, improve insurance penetration, and align with global practices.
• At present, there are 26 life insurers and 27 general insurers including 2 specialized insurers.
• The insurance sector has registered approximately 10% CAGR in the last five years.
• The FDI limit in insurance was introduced in 2000 with a cap of 26%. It was gradually raised to 49% in 2015 and 74% in 2021.
• In 2019, the Insurance intermediaries, such as brokers, were allowed 100% FDI.
• The Government aims to use the full potential of the Indian insurance sector, which is projected to grow at 7.1% annually over the next five years.
• Countries like Canada, Brazil, Australia, and China have allowed 100% FDI in their insurance sectors.

Explanation:

• World Cancer Day aims to promote awareness of cancer as a public health issue.
• It also aims to strengthen actions towards improving access to quality care, screening, early detection, treatment and palliative care.
• The theme for World Cancer Day 2025-2027 is 'United by Unique.'
• The theme highlights the importance of personalized care and treatments to cater to each individual's unique needs.
• World Cancer Day is led by the Union for International Cancer Control (UICC) to support the goals of the World Cancer Declaration.
• World Cancer Day was established on 4 February 2000 at the World Cancer Summit Against Cancer for the New Millennium.

Explanation:

• Mount Taranaki has been recognized as a legal person in New Zealand.
• Mount Taranaki also known as Taranaki Maunga has received all the rights and responsibilities of a human being.
• Mount Taranaki is considered sacred and an ancestor of the local Māori people.
• After years of negotiations, a settlement has been achieved to grant Mount Taranaki as a legal person.
• The agreement aims to compensate Māori from the Taranaki region for injustices done to them during colonization.
• This mountain is not the first of New Zealand's natural places to be granted legal personhood.
• The Urewera native forest was the first natural place to get recognition as a legal person in 2014, followed by the Whanganui River in 2017.

Explanation:

• Karnataka Bank has won six awards for excellence in banking technology by Indian Banks’ Association.
• The bank won these awards at the 20th Annual Banking Technology Conference, Expo & Citations, 2024.
• The bank was declared as runner-up in several other categories. These categories include ‘Best Tech Talent and Organization,’ ‘Best IT Risk Management,’ and ‘Best Technology Bank,’.
• The awards won by bank are ‘Best Tech Talent and Organization’, ‘Best IT Risk Management’, ‘Best Technology Bank’, and ‘Best Fintech and DPI Adoption’ (all runner-ups); and ‘Best Digital Sales, Payments and Engagement’ and ‘Best AI and ML Adoption’ (special mention).

Explanation:

• An MoU has been signed between Investor Education and Protection Fund Authority (IEPFA) and Association of Chartered Certified Accountants.
• An MoU has been signed between IEPFA and Strategic Educational Professionals Pvt Ltd.
• Strategic Educational Professionals Pvt Ltd is a subsidiary of Association of Chartered Certified Accountants (ACCA).
• The MoU has been signed for developing a digital programme.
• The digital programme focusses on experiential learning targeting financial literacy for school children.
• This content will be provided to select schools, which will include rural schools, through a pilot project.

Explanation:

• Exercise ‘Ekuverin’ has started in Maldives on 2 February 2025.
• This is the 13th edition of joint military exercise between the Indian Army and the Maldives National Defence Force.
• This is a bilateral annual exercise. It is carried out alternatively in India and Maldives.
• In 2023, the exercise was carried out at Chaubatia in Uttarakhand from June 11 to 24.
• Ekuverin meaning ‘Friends’ in Dhivehi language (spoken in Maldives).

Explanation:

• India’s manufacturing PMI reached a six-month high in January.
• India’s manufacturing sector witnessed a strong start in January.
• The employment PMI indicate that job has been created in the manufacturing sector.
• Input cost inflation declined for the second consecutive month by reducing the need for manufacturers to increase final output prices.
• The Purchasing Managers’ Index (PMI) rose from December’s 56.4 to 57.7 in January.
• PMI values range between 0 and 100 and reading above 50 indicate expansion and below 50 indicate contraction.
• International demand for Indian goods also strengthened in January. The growth rate in new export orders was the highest recorded in nearly 14 years.
• Cost pressures eased to their lowest level in 11 months and selling prices continued to rise due to buoyant demand and strengthened business confidence.