ALL EXAM QUIZ 22.04.2024

Explanation:

• Bank of Baroda World App has been banned by RBI.
• Strict measures have reportedly been proposed by the Finance Ministry to protect citizens from cyber fraud.
• These measures came after a rise in incidents including the recent Bank of Baroda World App scam.
• These measures are considered part of a broader national effort to combat cybercrime.
• Only in 2023, more than 1.1 million cyber fraud cases amounting to Rs 7,488.63 crore ($8.9 billion) were recorded by India's National Crime Records Bureau.

Explanation:

• Every year on 17 April, World Hemophilia Day is observed.
• World Hemophilia Day was started by the World Federation of Hemophilia (WHF) and.
• The day was first celebrated in 1989 and 17th April was selected to mark the birth anniversary of Frank Schnabel, the founder of WHF.
• The day aims at raising awareness about hemophilia and other bleeding disorders.
• The theme of World Hemophilia Day 2024 is 'Equitable access for all: recognizing all bleeding disorders'.

Explanation:

• Nigeria has rolled out the world's first vaccine against meningitis.
• Nigeria has become the first country to introduce a novel vaccine, Men5CV. It is endorsed by the World Health Organization (WHO).
• This vaccine will provide protection against five strains (A, C, W, Y, and X) of meningococcus bacteria.
• Meningitis is caused due to the meningococcus bacteria. It is a significant threat in Africa.
• Meningitis can be caused by viruses, bacteria, fungi, or parasites. It can impact brain and can cause hearing loss and learning disabilities.
• Fever, Headache, Neck stiffness, and Sensitivity to light are the Symptoms of meningitis.
• As per the World Health Organization (WHO), reported cases of meningitis across Africa increased by 50 percent last year.
• Nigeria encountered a meningitis outbreak between October 1, 2023, and March 11, 2024.

Explanation:

• ISRO chairman S Somanath announced that the country aims to achieve debris-free space missions by 2030.
• ISRO has a clearly laid-out plan for space exploration. The main aim of the initiative is to achieve debris-free space missions by 2030.
• Presently, India has 54 spacecraft in orbit, and many non-functional objects.
• Isro had brought several old satellites and fourth stage of PSLV rockets back to the Earth through the deorbiting process as part of its zero orbital debris mission.
• India is also planning to set up its own space station 'Bharatiya Antriksh Station' by 2035.

Explanation:

• According to a UNCTAD report, India’s economy will grow at 6.5% in 2024.
• This projection comes after India’s growth of 6.7% in 2023.
• United Nations Conference on Trade and Development (UNCTAD) report highlights India as the fastest-growing major economy globally.
• Multinational corporations are growing their manufacturing operations in India in order to improve the diversification of their supply chains, as per the UNCTAD report.
• It is anticipated that this action will increase Indian exports and promote economic expansion.
• The rise of the service sector and significant public capital investment were credited for the growth seen in 2023.
• RBI has projected 7% growth rate for the current financial year 2024-25.
• ‘2024 Financing for Sustainable Development Report: Financing for Development at a Crossroads’ was launched last week.
• Global growth is projected to be 2.6% in 2024. This is projected to be slightly slower than the 2.7% in 2023.

Explanation:

• United Arab Emirates has had the highest rainfall on record, exceeding all data collected since 1949.
• Over the previous 24 hours, the rain fell in a number of areas of the United Arab Emirates.
• The extraordinary character of this weather occurrence was confirmed by the National Centre of Meteorology.
• It is predicted to rain more in the upcoming hours.
• The Khatm Al Shakla region of Al Ain has received the most rainfall to date, with 254 millimetres (almost 10 inches) falling in less than a day.
• This rainfall has caused major disruptions as well as is predicted increases in the UAE's annual average and groundwater reserves.
• Passengers are advised by Dubai International Airport to avoid visiting the airport unless absolutely necessary.
• One death has been reported so far from the emirate of Ras Al Khaimah.

Explanation:

• Submersible Platform for Acoustic Characterisation and Evaluation (SPACE) has been inaugurated in Kerala.
• Submersible Platform for Acoustic Characterisation and Evaluation (SPACE) is a premier testing & evaluation hub for sonar systems for the Indian Navy, has been set up by DRDO.
• It was inaugurated at Underwater Acoustic Research Facility, Kulamavu in Idukki, Kerala on April 17, 2024.
• It has been designed as a premier testing and evaluation hub for sonar systems onboarding various platforms including ships, submarines and helicopters.
• It will be used for survey, sampling, and data collection of air, surface, mid-water, and reservoir floor parameters.
• It will fulfil the needs of data processing and sample analyses in modern and equipped scientific laboratories for Anti-Submarine Warfare research capabilities.
• The space consist of two different combinations – a platform that floats on the surface of the water, and a submersible platform that can be lowered to any depth up to 100 meters using a winch system.

Explanation:

• World Economic Forum names Nykaa's Adwaita Nayar as a 2024 Young Global Leader.
• Adwaita Nayar, the co-founder of Nykaa and CEO of Nykaa Fashion, has been included in the World Economic Forum's Young Global Leaders Community.
• Nayar joined a group of 90 individuals from across the world for her work as a change-maker and entrepreneur.
• She is one of the world’s most powerful political and business leaders.
• She played a pivotal role in the inception of the company and in shaping it into a business.
• She led at Nykaa in dealing with the complexities of fundraising, marketing and operations.
• The World Economic Forum’s Forum of Young Global Leaders aims to celebrate change-makers under 40 years old and help to devise solutions to the world’s problems.

Explanation:

• Gopi Thotakura to become the first Indian space tourist.
• Entrepreneur and pilot Gopi Thotakura is set to become first Indian to venture into space as a tourist.
• He will be part of the NS-25 mission of Blue Origin — a company founded by Jeff Bezos.
• He has been selected as one of the six crew members for the mission.
• Thotakura would be the second Indian to go into space. Rakesh Sharma was the first Indian to go into space in 1984.
• As per media reports, in 2023, the space tourism market was valued at $848.28 million. It is likely to grow to $27,861.99 million by 2032.
• Gopi Thotakura is a graduate of the US-based Embry-Riddle Aeronautical University.
• Space tourism is an important section of the aviation sector. The NS-25 mission is a sub-orbital mission.

Explanation:

• The Central Board of Direct Taxes (CBDT) has signed a record 125 Advance Pricing Agreements (APAs) with Indian taxpayers in 2023-24.
• The 125 Advance Pricing Agreements includes 86 Unilateral APAs (UAPAs) and 39 Bilateral APAs (BAPAs).
• The number of APAs signed in 2023-24 has increased by 31% as compared to previous year. 95 APAs were signed during the preceding financial year.
• In 2023-24, CBDT also signed the maximum number of BAPAs in any financial year.
• The BAPAs were signed as a consequence of entering into mutual agreements with India's treaty partners namely Australia, Canada, Denmark, Japan, Singapore, the UK and the US.
• The signing of bilateral APAs additionally provides the taxpayers with protection from any anticipated or actual double taxation.