ALL EXAM QUIZ 6.04.2024

Explanation:

• Supreme Court declined any interim relief to Kerala to borrow additional funds during current fiscal year.
• SC also refused to stay the operation of two letters issued by the Finance Ministry in 2023 and certain changes made to FRBM Act 2003 in 2018 that impose borrowing restrictions on States.
• Kerala had filed a suit in the Supreme Court under Article 131 of the Constitution which empowers the Supreme Court to settle disputes between a State Government and the Union Government in India.
• Kerala accused the central government of arbitrarily imposing a Net Borrowing Ceiling (NBC) on the State which led to the financial crisis.

Explanation:

• As per latest RBI Monetary Policy, repo rate remains unchanged at 6.5%.
• On 5 April 2024, the Monetary Policy Committee of the RBI decided to keep the repo rate unchanged.
• The Standing Deposit Facility rate remains at 6.25% and the Marginal Standing Facility rate and Bank Rate remain at 6.75%.
• For the last six consecutive MPC meetings, the RBI has kept the repo rate unchanged.
• RBI Governor Shaktikanta Das said that India’s foreign exchange reserves reached an all-time high of $645.6 billion as of March 29, 2024.
• According to him, the headline inflation has eased to 5.1% both in January and February.
• CPI Inflation for FY25 has been projected at 4.5%. In February, CPI inflation was projected at 5.4% for 2023-24.
• The Committee has projected the real GDP growth for FY25 at 7%.

Explanation:

• Philippines to conduct joint naval exercise with US, Australia and Japan.
• Philippines, US, Japan and Australia will strengthen military ties to counter the expanding influence of China in the Asia-Pacific region.
• On 7 April, the exercise will be held in South China Sea, which is almost entirely claimed by China. Philippines, Japan and Taiwan also claim over waters.
• The drills have not been officially announced.
• Last week the Australian warship HMAS Warramunga arrived at the Philippine island province of Palawan to strengthen military relations with partner nations.

Explanation:

Former Prime Minister of India, Dr. Manmohan Singh retired from the Rajya Sabha

• Former Prime Minister of India, Dr. Manmohan Singh retired from the Rajya Sabha.
• His 33 years long parliamentary innings in the Upper House came to an end.
• The beginning of this development was started by the Rajya Sabha's admission of former Congress leader Sonia Gandhi.
• To take Dr. Singh's place in the Upper House of Parliament, Sonia Gandhi will enter from Rajasthan.
• Manmohan Singh joined the Rajya Sabha for the first time in October 1991.
• Manmohan Singh is known for bringing about the landmark economic reforms of 1991 of liberalization, privatization, and globalization along with former Prime Minister Bharat Ratna PV Narasimha Rao.

Explanation:

• Forbes has released its annual list of the world's billionaires for 2024, revealing that the list includes more people than ever before and that they are richer than ever.
• In this, there are 141 more billionaires in the world than last year, whose total number is 2,781.
• Their combined wealth is worth $14.2 trillion, up by more than $2 trillion in 2023
• The list of 2024 has also broken records set in 2021, adding 26 more billionaires to the list and increasing their combined net worth by $1.1 trillion.
• On the list, the top 20 gained the most, with their combined wealth increasing by $700 billion since 2023.
• The US has a record 813 billionaires, the most of any country.
• There are 473 billionaires in China and 200 in India, which is a record for that country.
• Forbes used stock prices and exchange rates from March 8, 2024, to tally their wealth.

Explanation:

• On April 4, 2024, India's first home-grown gene therapy for cancer treatment launched by President Smt. Draupadi Murmu at the Indian Institute of Technology (IIT) Bombay.
• This series of treatments is named “CAR-T cell therapy”, which is a cancer immunotherapy treatment.
• 'NexCAR19 CAR T-cell therapy' is the country's first 'Made in India' CAR T-cell therapy which is expected to significantly reduce the cost of treatment.
• It is accessible and affordable, hence providing a new ray of hope for the entire mankind. This therapy will be successful in giving new life to countless patients.
• It has been available in developed countries for some time, but it is extremely expensive and out of reach for most patients around the world.
• The cost of treatment abroad is around Rs 4 crore while in India it will be Rs 30 lakh.

Explanation:

• On 3 April 2024, the Army Medical Corps celebrated its 260th Raising Day.
• Established in the year 1764, the Army Medical Corps has rendered selfless service to the nation through progress, development, dedication, and sacrifice over the centuries, both in times of war and peace.
• It lives up to the Corps' motto 'Sarve Santu Niramaya' which means 'May all be free from disease'.
• Army Chief General Manoj Pandey and Air Force Chief Air Chief Marshal VR Chaudhari attended an event organized in New Delhi.
• It was organized to mark the Raising Day, honor the achievements, and celebrate the esprit-d-core of AMC.

Explanation:

• 'Kathiya Wheat', an agricultural produce from the Bundelkhand region of Uttar Pradesh, has recently been granted the Geographical Indication (GI) tag.
• GI tag application for this crop was made in the year 2022. GI tag was granted after a two-year long process.

Explanation:

• Tata International, the global trading and distribution arm of the Tata Group, has recently appointed Rajeev Singhal as its Managing Director (MD).
• He replaces Anand Sen, who retired on March 31, 2024. Prior to this, Singhal was the Executive Director and Chief Operating Officer (COO) at Tata International.

Explanation:

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