ALL EXAM QUIZ 19.02.2024

Explanation:

• Reliance Industries Limited (RIL) became the first Indian company to achieve a market capitalization of Rs 20 lakh crore.
• Mukesh Ambani-promoted group's shares also touched their 52-week high during intra-day trade amid firm sentiment in the broader market.
• During the intra-day session, the market valuation of the company increased to Rs 20,01,279.72 crore, and at the close, the market capitalization stood at Rs 19,81,635.72 crore.
• Reliance Industries shares jumped 1.88% to hit a record high of Rs 2,957.80 before closing 0.90% higher at Rs 2,928.95 per share on the BSE.
• On the NSE, Reliance Industries's shares rose nearly 1.89% to hit a record high of Rs 2,958 and its 52-week high.
• The market value of the oil-to-telecom group's shares has increased by nearly Rs 1 lakh crore in the last two weeks.
• Reliance Industries continued to rank top in the charts in the ranking of top 10 most valuable companies, followed by TCS, HDFC Bank, ICICI Bank, Infosys, Life Insurance Corporation of India, State Bank of India, Bharti Airtel, Hindustan Unilever and ITC.

Explanation:

• Enhance disaster management, the UP government will collaborate with IIT Roorkee.
• The mou will be signed between both as part of a strategic move aimed at strengthening disaster preparedness and mitigation efforts.
• To reduce the loss of life and take people to safe places before the disaster, an mou will be signed between the Relief Commissioner's Office and IIT Roorkee.
• Under the mou, experienced professionals from IIT Roorkee will provide specialized training to personnel in the Office of the Relief Commissioner, equipping them with advanced skills and techniques in disaster management.
• Apart from this, the Institute will conduct extensive research to identify the root causes of prevalent disasters so that proactive measures can be implemented.
• The impending mou marks an important step towards strengthening the state's resilience against natural disasters over the next five years.
• During this period, experts from IIT Roorkee will lead important research initiatives and capacity-building exercises.

Explanation:

• The renewed portal of the Animal Husbandry Infrastructure Development Fund has been launched by Union Minister Parshottam Rupala.
• The Animal Husbandry Infrastructure Development Fund is a Credit Guarantee Scheme for the livestock sector's Micro, Small and Medium Enterprises without the need for collateral.
• The government has approved the continuation of AHIDF with an allocation of around 30 thousand crore rupees until 2025-26.

Explanation:

• United World Wrestling lifted the suspension on the Wrestling Federation of India.
• The United World Wrestling (UWW) reviewed the suspension of WFI and decided to lift the ban.
• United World Wrestling (UWW) also directed that no discriminatory action against Bajrang Punia, Vinesh Phogat and Sakshi Malik for protest.
• On 23rd August 2023, United World Wrestling imposed a ban on the Wrestling Federation of India.
• WFI has assured UWW that all wrestlers will be allowed to participate in all WFI competitions without any discrimination.

Explanation:

• A contract has been signed by the Ministry of Defence and Advanced Weapon Equipment India Ltd (AWEIL), Kanpur.
• The Indian Coast Guard and Navy will receive four hundred sixty-three 12.7 mm stabilized remote control guns (SRCG) produced and supplied locally under the terms of the contract.
• With more than 85% Indigenous Content (IC), this agreement is valued at Rs 1,752.13 crore.
• The Indian Navy and Coast Guard will be able to precisely engage small targets that pose a threat to ships thanks to these SRCGs.

Explanation:

• Government has released guidelines for starting pilot programmes to use green hydrogen in the transportation industry.
• The ministry of new & renewable energy (mnre) released "scheme guidelines for implementation of pilot projects for use of green hydrogen in the transport sector" on february 14, 2024.
• Under the national green hydrogen mission, the new and renewable energy ministry has released the guidelines.
• The ministry will carry out pilot projects under the national green hydrogen mission to replace fossil fuels in the transportation industry with green hydrogen and its derivatives.

Explanation:

• The 16th Finance Commission held its first meeting in New Delhi under the chairmanship of Arvind Panagariya.
• In the first meeting, terms of reference (ToRs) and the need for wide-ranging consultations with various stakeholders were discussed.
• As per the order by the President of India, the Ministry of Finance notified the 16th Finance Commission on December 31, 2023.
• The commission will recommend a devolution formula for tax revenues between the Centre and states.

Explanation:

• A MoU has been signed by the Cochin International Airport Ltd (CIAL) in Kerala and Bharat Petroleum Corporation Ltd (BPCL).
• The MoU is to establish a green hydrogen plant capable of producing 1000 KW of power on the Cochin airport's property.
• This initiative is the world's first green hydrogen plant located in an airport.
• In accordance with the agreement, CIAL will provide land, water, and green energy resources.

Explanation:

• Indian Railway Traffic Service officer Sanjay Kumar Jain took charge as the Chairman and Managing Director of Indian Railway Catering and Tourism Corporation Limited (IRCTC).
• Sanjay Jain is a qualified Chartered Accountant (CA). He has also previously worked as Divisional Railway Manager of Mumbai.

Explanation:

• The Athletics Integrity Unit and the National Anti-Doping Agency (NADA) sanctioned two athletes for anti-doping rule violations.
• Indian hammer thrower Rachna Kumari has been banned for 12 years. Nirmala Sheoran has also been banned for violating anti-doping rules.