ALL EXAM QUIZ 29.12.2023

Explanation:

• Project PRAYAS has been launched by the International Organization for Migration (IOM) on 21 December.
• The project has been launched to facilitate safe, orderly, and regular migration for Indian workers and students.
• In partnership with the Ministry of External Affairs, the PRAYAS (Promoting Regular & Assisted Migration for Youth and Skilled Professionals) project was launched.
• IOM is a United Nations agency dedicated to promoting humanitarian and orderly migration.
• PRAYAS is one of the first efforts to consolidate all state-level initiatives for safe, orderly, and well-managed international migration.
• IOM aims to develop a roadmap for better coordination between state and central governments.
• It will encourage the sharing of good practices among states and enhance engagement with the Ministry of External Affairs on matters related to the international migration cycle.
• India has already established itself as a major player in international migration dynamics, with over 32 million Indians and people of Indian origin living abroad.
• The International Organization for Migration is based in Geneva. Its Director General is Amy Pope. It was established in 1951.

Explanation:

• Every year on December 24, National Consumer Day, or Bharatiya Grahak Diwas, is celebrated.
• The day aims to spread awareness about consumer rights and the power of the consumer.
• Consumer Protection Bill was passed on 24 December 1986.
• Further amendments were made in 1991, 1993, and 2002 to make the Consumer Protection Act more effective and consumer-friendly.
• In August 2019, Parliament passed the Consumer Protection Act 2019, which replaced the Consumer Protection Act of 1986. The 2019 Act came into force in July 2020.
• World Consumer Rights Day is observed every year on 15 March.

Explanation:

• 8th edition of Indian Ocean Naval Symposium (IONS) Conclave of Chiefs (CoC) held from 19 – 22 Dec 23.
• Indian Ocean Naval Symposium (IONS) Conclave of Chiefs (CoC) was conducted by the Royal Thai Navy at Bangkok.
• Naval chiefs and senior representatives of 27 member countries and observer countries participated in this conference.
• Admiral R Hari Kumar, Chief of the Naval Staff, represented three members Indian delegation.
• At the conclave, Flag designed by India was selected as the IONS Flag. India also took the co-Chair of IONS Working Groups on Maritime Security and HADR for the forthcoming cycle.
• India will take over the chair of IONS for 2025-27 and the 9th CoC will held in India in 2025.
• Republic of Korea Navy is welcomed in the Conclave as the latest ‘Observer’.
• On the side-lines of Conclave, the CNS also visited the Indian Naval Ship Kadmatt, at Bangkok.
• Indian Ocean Naval Symposium was started by the Indian Navy in 2008. It is a forum to enhance maritime cooperation among navies of the Indian Ocean Region countries.
• The inaugural edition of IONS was held in Feb 2008 in New Delhi.

Explanation:

• Central government released Rs 72,961 crore to states as tax devolution.
• For financing social welfare measures and infrastructure development schemes, Rs 72,961 crore has been released by the central government as tax devolution to states.
• Out of the Rs. 72,961.21 crores installment disbursed, the largest share has gone to Uttar Pradesh.
• Uttar Pradesh is followed by Bihar (Rs. 7,338.44 crore), Madhya Pradesh (Rs. 5,727.44 crore) and West Bengal (Rs. 5,488.88 crore).
• Maharashtra’s share is Rs. 4,608.96 crore, Rajasthan’s share is at Rs. 4,396.64 crore and Odisha’s at Rs. 3303.69 crore.
• The remaining States’ share has been lower than Rs. 3,000 crore.
• The remaining States’ share ranged from Rs. 281.63 crore (Goa) to Rs. 2,976.10 crore (Tamil Nadu).
• This installment is in addition to the tax devolution installment Rs 72,961.21 crore released on December 11, 2023.
• The Terms of Reference (ToR) of the 16th Finance Commission has been recently approved by the Union Cabinet.

Explanation:

• Indian Navy commissioned INS Imphal in Mumbai on 26 December 2023.
• Raksha Mantri Rajnath Singh graced the commissioning ceremony.
• INS Imphal is the Indian Navy’s latest stealth-guided missile destroyer.
• INS Imphal was delivered to the Indian Navy in October 2023.
• Imphal is the first warship, which has been named after a city from the North East.
• This is a tribute to the sacrifices and contributions of Manipur in India’s freedom struggle.
• INS Imphal is the third ship of the Indian Navy’s Visakhapatnam-class stealth guided missile destroyer.

Explanation:

• MedTech Mitra initiative has been launched by Union Health Minister Dr. Mansukh Mandaviya.
• MedTech Mitra is a strategic initiative to empower MedTech innovators and advance healthcare solutions.
• Union Minister Mansukh Mandaviya said it will be a game-changer for the Indian MedTech industry.
• It will facilitate the indigenous development of affordable, quality MedTech devices and diagnostics.
• According to the union minister, India is taking a holistic approach to health with the goal of changing the nation's health system by 2047.
• India’s MedTech sector is highly import-dependent.
• According to Dr. Mandaviya, India will grow to become a $50 billion industry by 2030.

Explanation:

• India and Bangladesh have decided to extend the Indo-Bangladesh Protocol (IBP) route.
• They agreed to declare Safardighi in West Bengal as the new port of call under the Protocol on Inland Water Transit & Trade (PIWT&T).
• Both sides agreed to form a technical team immediately to study the inclusion of the Chandpur-Chittagong stretch as an IBP route under PIWT&T.
• They also discussed issues like easing visa issuance, shore-leave facility and repatriation for seafarers.
• They also agreed to examine the inclusion of Payra seaport in the agreement on using Chattogram and Mongla Ports (ACMP) to move goods between the two countries.
• Both countries shared the water routes and coastal routes for transportation of the cargo and passengers on the Indo-Bangladesh Protocol Route and Coastal routes.

Explanation:

• Export of rare earth processing technologies has been banned by China.
• China has banned the export of technology to extract and separate strategic metals.
• China's government has decided to add rare earth metal processing technologies to its "Catalogue of Technologies Prohibited and Restricted from Export".
• China also banned the export of production technology for rare earth metals and alloy materials as well as technology to prepare some rare earth magnets.
• Rare earth metals are used to make magnets for use in electric vehicles, wind turbines and other electronics.
• This step has been taken as Europe and the United States are struggling to remove themselves from the rare earth metals industry of China.

Explanation:

• SEBI approved the appointment of Pramod Agrawal as BSE Chairman.
• Former Coal India chief Pramod Agrawal's appointment as the chairman of the BSE has been approved by the SEBI.
• His appointment will become effective from January 17, 2024.
• The Board of BSE had on December 13 approved the appointment of Pramod Agrawal as the Chairman of the Governing Board.
• He will take the place of SS Mundra, who was appointed as BSE chairman in May 2022.
• Pramod Agrawal has served as the Principal Secretary of the Department of Technical Education, Skill Development & Employment and the Department of Labor, Government of Madhya Pradesh.

Bombay Stock Exchange

• It is known as the Bombay Stock Exchange (BSE). It is an Indian stock exchange located in Mumbai.
• It was founded in 1875 by Premchand Roychand, a cotton merchant.
• It is the oldest stock exchange in Asia and the tenth oldest in the world.

Explanation:

2, 1, 4, 3