ALL EXAM QUIZ 4.04.2024

Explanation:

• A new and more user-friendly version of the grievance redressal system, "SCORES 2.0" launched by SEBI.
• The new version of SCORES will make the process more efficient through auto-routing, auto-escalation, monitoring, and reduction in timelines.
• In SCORES 2.0, the time limit for the redressal of complaints has been reduced to 21 days. Moreover, there will be two levels of review.
• The first level review will be done by the ‘Designated Body’ and if the investor is dissatisfied, SEBI will conduct a second review.

• The market regulator has added a KYC registration agency database for easy registration of investors on SCORES.

Explanation:

• Rohan Bopanna and his Australian partner Matthew Ebden topped the men's doubles final of the Miami Open in a historic win.
• The Indo-Australian pair won the title by defeating Croatia's Ivan Dodik and America's Austin Krajicek 6-7, 6-3, 10-16.
• With this victory, Bopanna broke his own record and at the age of 44, became the oldest person to win a Masters 1000 title on the ATP circuit.
• He made a record by winning the Indian Wells title last year.
• He also became the second Indian after Leander Paes to reach the finals of all nine ATP Masters 1000 events.
• This was Bopanna's 2nd career Grand Slam title and his 1st in men's doubles.
• Meanwhile, his previous Grand Slam win came in the mixed doubles at the 2017 French Open..

Explanation:

• In March, India’s manufacturing PMI reached to 16-year high at 59.1.
• India's manufacturing industry expanded at a fast pace in the last 16 years due to accelerating demand.
• India’s manufacturing PMI jumped to 59.1 in March from 56.9 in February. In January, the PMI was 56.5.
• The production and sales expanded at their fastest rates since October 2020.
• The manufacturing PMI remained above 50-mark indicating growth rather than contraction.
• The notable improvement in operating conditions reflects the growth of new orders, output, job creation and input stocks.
• However, cost pressures reached their highest level in five months.

• The outlook of the Indian manufacturing sector appeared to be mixed.

Explanation:

• In FY24, Unified Payments Interface (UPI) transactions worth ₹199 lakh crore were processed.
• The Unified Payments Interface (UPI) transactions touched new records during March 2024.
• This record transaction dipped slightly in February 2024 due to increased investment activity ahead of the financial year-end.
• A lot of transactions closer to the daily limit of Rs 1 lakh were witnessed in March.
• In FY23, the volume of UPI transactions was 55% higher. The On-year growth in UPI transactions remained over 40 per cent for the value of transactions.
• In FY24, the UPI platform processed 13,115 transactions while 8376 transactions worth Rs139 lakh crore occurred in FY23.
• During FY24, the volume of transactions was up 56.6 per cent whereas the value of transactions was 43.4 per cent higher.

• UPI transactions are likely to cross 100 crore transactions per day by FY27.

Explanation:

• TRAI issued a Consultation Paper on inputs for formulation of National Broadcasting Policy-2024.
• The broadcasting industry is a sunrise industry, according to the Ministry of Communications.
• It has enormous potential to support the expansion of the Indian economy.
• With the goal of positioning India as a global hub for content, the paper addresses important concerns that are frequently present in the broadcasting industry.
• It also covers topics including bolstering public service broadcasting, problems with different media and entertainment sectors, preventing piracy, and guaranteeing content security.
• Stakeholder feedback on the Consultation Paper on Inputs for Formulation of National Broadcasting Policy-2024 is being sought by TRAI by April 30th.
• TRAI has also asked for opinions on what steps should be taken to give "TV Dark Homes" access to reasonably priced TV services.
• In the country, there are about 100 million "TV Dark Homes”. There are currently 182 million households with televisions.
• Additionally, TRAI has requested recommendations for boosting domestic production of broadcasting equipment and lowering dependency on imported versions.
• Additionally, opinions on the regulatory strategy and policy that should be used for online gaming have also been sought.
• TRAI had last year issued a pre-consultation paper.
• National Broadcasting Policy will be issued by the Information & Broadcasting Ministry.

Explanation:

• Mirabai Chanu has become the sole Indian weightlifter who qualified for the Paris Olympics 2024.
• After competing successfully in the IWF World Cup in Phuket, Thailand on April 1, 2024, Mirabai Chanu achieved this.
• Chanu placed third in Group B of the women's 49kg competition, finishing 11th overall.
• At the World Cup, Chanu lifted 184 kg in total. It was required as a final and compulsory qualifier for Paris 2024.
• Chanu has fulfilled the requirements for the Olympics in Paris.
• To qualify for the Olympics in Paris, athletes must compete in two required events and three additional qualifiers.
• In the women's 49 kg Olympic Qualification Ranking (OQR), Chanu is currently ranked second. Chanu is behind China’s Jiang Huihua.
• Mirabai Chanu is a Tokyo Olympics medallist.

Explanation:

• World Bank projected India’s economic growth to be 6.6% for FY25.
• World Bank increased India’s economic growth projection by 20 basis points to 6.6 per cent for FY25.
• The growth projection has been increased due to upward revisions to investment growth.
• As per the World Bank, India’s FY24 growth rate will be 7.5%, which is lower than the National Statistical Office estimate of 7.6%.
• The World Bank's earlier estimate for India’s FY24 growth was 6.3%.
• Reserve Bank of India’s (RBI) real GDP growth rate projection for FY24 is 7.3%.
• The report highlighted that India’s growth pickup due to the public sector whereas private investment continues to remain weak.
• As per the latest South Asia Development Update, South Asia is expected to remain the fastest-growing region in the world for the next two years.
• Pakistan's economy is expected to grow by 2.3% in FY25 while Bangladesh will grow by 5.7% in FY25.
• In Sri Lanka, output growth is expected to strengthen to 2.5% in 2025,
• The fiscal deficit and government debt are projected to decline over the medium term.

Explanation:

• INSA and NCGG are jointly organizing the LEADS Programme-2024 from 1-7 April 2024.
• The Indian National Science Academy (INSA) and the National Centre for Good Governance (NCGG) are jointly organizing the 2nd INSA-NCGG Leadership Development Program in Science and Technology (LEADS) in New Delhi.
• Its main aim is to nurture and empower future leaders in the field of science and technology.
• Professors/ scientists selected from various institutions, laboratories/ Universities of different organizations are taking part in this programme.
• This programme will provide the required leadership skills to the participants for excellence in leadership, administration, team building, and infrastructure development.
• The National Centre for Good Governance (NCGG) is an institution for governance-related training, research, and consultancy. Its main aim is to enhance the capabilities of individuals and organizations involved in governance and public administration.
• The Indian National Science Academy (INSA) is an institution that promotes and recognizes excellence in scientific research.

Explanation:

• In the fiscal year 2023–2024, India for the first time achieved the production of one billion tons of coal and lignite.
• In the previous fiscal year 2022–2023, India produced a total of 937 million tonnes (MT) of coal and lignite.
• Over the past ten years, India's production has increased by 70%.
• India has fixed the target to stop importing coal by 2025–2026.
• When comparing this fiscal year to the previous financial year, the percentage of imported coal used for blending has decreased.
• In FY24, over 22.20 million tonnes of coal were imported for blending.
• It was 30.80 million tonnes in 2022–2023 fiscal year.

Explanation:

• In the 56th National Kho Kho Championship 2023-24, Maharashtra team has made a clean sweep and won both men's and women's titles.
• This championship was organized at Karnail Singh Stadium and Indira Gandhi Indoor Stadium in Delhi. The winning team received Rs 3 lakh in cash and a trophy.