ALL EXAM QUIZ 13.05.2024

Explanation:

• Mexico's Taam Ja’ Blue Hole (TJBH), located in Chetumal Bay off the Yucatan Peninsula, has been identified as the deepest blue hole on Earth, reaching a depth of 1,380 feet (420 meters) below sea level.
• Scientific Study: A recent study published in Frontiers in Marine Science sheds light on the extraordinary size of the Taam Ja’ Blue Hole. New measurements obtained during a December scuba-diving expedition revealed its remarkable depth, surpassing the previous record holder by 480 feet.
• Significance: This ground-breaking discovery has generated considerable interest and excitement within the scientific community, highlighting the importance of further exploration and research in understanding the geological formations and ecosystems associated with deep-sea blue holes.

Explanation:

• Kieran Wilson defeated qualifier Jack Jones 18–14 in the final of the Snooker World Championship to win his first world title.
• Wilson became the 23rd player to lift the World Championship trophy at the Crucible. It is the sixth ranking title for Wilson and first since the 2022 European Masters, and his first Triple Crown success.
• With a top prize of £500,000, he climbed nine places in the rankings to reach his career-high third position.

Explanation:

• Household savings declined by more than Rs 9 lakh crore in three years to Rs 14.16 lakh crore in 2022-23.
• According to the latest National Accounts Statistics 2024 of the Ministry of Statistics and Program Implementation, net household savings declined sharply from Rs 9 lakh crore to Rs 14.16 lakh crore in the three years to 2022-23.
• In 2020-21, Net household savings reached Rs 23.29 lakh crore. Data shows that they have been declining since then.
• In 2021-22, Net household savings declined to Rs 17.12 lakh crore and a five-year low of Rs 14.16 lakh crore in 2022-23.
• Earlier, the lowest net household savings was Rs 13.05 lakh crore in 2017-18, which increased to Rs 14.92 lakh crore in 2018-19 and Rs 15.49 lakh crore in 2019-20.

Explanation:

• Every year on 8 May, World Thalassemia Day is observed.
• It is celebrated to create awareness regarding Thalassemia and to encourage those who struggle to live with this disease.
• The theme of World Thalassemia Day 2024 is “Empowering Lives, Embracing Progress: Equitable and Accessible Thalassemia Treatment for All.”
• In 1994, World Thalassemia Day was established and organized by the Thalassemia International Federation (TIF).
• Thalassemia is a genetic disease that is passed from parents to their offspring.
• Its symptoms start appearing from 3-4 months after the birth of the child.
• People suffering from Thalassaemia have less hemoglobin than normal, which leads to anemia.
• Normally, red blood cells have a lifespan of 120 days.
• However, due to this disease, the age of red blood cells remains for only 20 days.
• Because of this, they need blood after a few days in case of severe anemia.

Explanation:

• India became the first country to get $100 billion in remittances.
• According to the United Nations migration agency, India received $111 billion in remittances in 2022.
• India, Mexico, China, the Philippines, and France were the top five countries to receive remittances in 2022.
• India led in remittance receipts in 2010 ($53.48 billion), 2015 ($68.91 billion), and 2020 ($83.15 billion), with $111.22 billion in 2022.
• Pakistan and Bangladesh are also ranked among the top ten recipients of international remittances.
• The Gulf States remain favourite destinations for migrant workers, particularly from India, Egypt, Bangladesh, Ethiopia, and Kenya
• Globally, India has the largest number of international migrants.
• India also attracted immigrants, ranking 13th globally as a destination country for international migrants.
• The remittance of China has declined due to demographic shifts and its zero-COVID policy.

Explanation:

A MoU has been signed between the Indian Coast Guard (ICG) and Jindal Steel & Power (JSP).

• This MoU is aimed at increasing indigenous content in ship building.
• The partnership will support the supply of indigenous marine-grade steel.
• The MoU highlights the pivotal role of public-private partnerships in trying to deal with complex security challenges.
• It emphasizes the need of collaboration between the private sector and government agencies to strengthen national interests.
• The MoU includes key benefits aimed at making sure quality, grades, and dimensions of the marine-grade steel.
• It earmarks the designated steel plants for manufacturing the product. This will ensure a timely supply to shipbuilding yards serving the ICG.

Explanation:

• 5th Joint Group of Customs (JGC) meeting between India and Bhutan held on 6th-7th May in Leh, Ladakh.
• The meeting tried to strengthen bilateral ties and deal with various issues related to customs and trade facilitation.
• The meeting was co-chaired by Surjit Bhujabal from India and Sonam Jamtsho from Bhutan.
• During the meeting, the opening of new Land Customs Stations, the development of infrastructure, automation of transit processes were discussed.
• Measures to prevent smuggling were also discussed during the meeting.
• Bhutan thanked India, particularly the Central Board of Indirect Taxes and Customs, for support in skill development and capacity building for Bhutanese customs officials.
• The India-Bhutan Joint Group of Customs meetings are held annually.

Explanation:

• Setu unveiled India's first domain-specific LLM for the BFSI sector.
• Sesame, India’s first Large Language Model (LLM) specifically designed for the banking, financial services, and insurance (BFSI) sectors, has been launched by Setu.
• It has been developed in collaboration with indigenous AI research firm Sarvam AI.
• It has been released at an event organised by a non-profit organisation, People+A.
• Setu’s vision is to empower BFSI customers to make smarter, faster credit decisions and provide hyper-personalised financial services to their customers.
• Setu was founded in 2018 by Sahil Kini and Nikhil Kumar. It is an application programming interface (API) infrastructure provider.
• Setu has received a license to operate as an account aggregator from the Reserve Bank of India.

Explanation:

• Mumbai and Delhi listed among the top 50 richest cities in the world.
• Mumbai with the 24th position and Delhi with the 37th position made it into the top 50 world's wealthiest cities in 2024.
• The latest rankings of the world's wealthiest cities have been released by Henley & Partners and New World Health.
• New York is in the top spot among the top 50 wealthiest cities in the world.
• Among the top 50, 11 cities are from the USA. London (5th) and Los Angeles (6th) have witnessed declines or modest growth compared to a decade ago.
• Five out of the top 10 wealthiest cities are from the Asia-Pacific region. Tokyo (3rd), Singapore (4th), and Beijing (10th) are in the top 10.
• Beijing has made it into the Top 10 for the first time. A 90% surge in millionaires number occurred in the last ten years.
• Singapore is also one of the world’s top destinations for migrating millionaires..

Explanation:

• Recently, United World Wrestling, the global governing body of wrestling, has suspended Indian star wrestler Bajrang Punia till the end of this year.
• Earlier, the National Anti-Doping Agency (NADA) had temporarily suspended him after he was refused a doping test.
• Sports Authority of India (SAI) has sanctioned approximately Rs 9 lakh for Bajrang's training.