Current Affairs Quiz - April 2022

Notes:
‘Guidance’, the investment promotion agency, for winning the ‘Best Investment Promotion Agency Award’ in Asia Oceania Region at the Annual Investment Meeting (AIM) 2022.
It was an initiative of the Ministry of Economy of the United Arab Emirates. Guidance, the single-window facilitation wing of the Industries Department of Tamil Nadu, has played a significant role in presenting business opportunities in Tamil Nadu since 1992.

Notes:
India and France recently commenced their 20th edition of the bilateral naval exercise named ‘Varuna’ in the Arabian Sea.
Naval ships, submarines, maritime patrol aircraft, fighter aircraft and helicopters of the two navies are participating in the exercise. The bilateral naval exercises between the two Navies were initiated in the year 1993. The exercise was christened as ‘Varuna’ in 2001.

Notes:
The Finance Ministry announced that the Union government is looking to raise Rs 8.45 lakh crore through borrowings in the first half of 2022-23.
The borrowing is set to be made to fund the revenue gap for reviving the economy. Out of the market borrowing of Rs 14.31 lakh crore estimated for the next financial year, Rs 8.45 lakh crore is planned to be borrowed in the first half or April-September period.

Notes:
‘Sajibu Nongma Panba’ is a traditional festival for the followers of the Sanamahism religion in Manipur, as a Lunar New Year.
The day is mostly observed on the first day of the lunar month of Sajibu.  Also known as Meetei Cheiraoba or Sajibu Cheiraoba, the festival is celebrated by the Meitei people, one of the largest ethnic communities in Manipur.

Notes:
As per the official data, India’s trade deficit rose 87.5 per cent to USD 192.41 billion in 2021-22 as against USD 102.63 billion in the previous year.
While total exports during last fiscal year increased to a record high of USD 417.81 billion, imports too rose to USD 610.22 billion, causing a trade gap of USD 192.41 billion.  For the first time, India’s monthly merchandise exports exceeded USD 40 billion, reaching USD 40.38 billion in March 2022.

Notes:
Sweden has launched a pilot project to reduce the carbon emissions involved in steel production by switching some of that process from burning coking coal to burning hydrogen.
HYBRIT or Hydrogen Breakthrough Iron-making Technology – is a joint venture between steel giant SSAB, mining company LKAB and Swedish state-owned power firm Vattenfall. As per World Steel Association, every metric ton of steel produced emitted twice that much carbon dioxide.

Notes:
Japan’s Nakagin Capsule Tower, a landmark in Japanese architectural history, is set to be demolished by mid-April, due to its ageing.
Nakagin Capsule Tower was built in 1972 by Kisho Kurokawa. It is a thirteen-storey tall building and the tower comprises two buildings that contain 140 similar capsule units. The tower was shortlisted to be a world heritage of Modern Buildings and Sites in 1997.

Notes:
On 7 April, UNESCO commemorates the International Day of Reflection on the 1994 Genocide against the Tutsi in Rwanda.
The day was established by the United Nations General Assembly in 2003. The date marks the beginning of the genocide perpetrated against members of the Tutsi minority by the Hutu extremist-led government. Over 1 million Tutsi were systematically murdered along with Moderate Hutu and others who opposed the massacres.

Notes:
The Union Cabinet has approved the proposal for signing a bilateral MoU between Securities and Exchange Board of India and Financial Regulatory Commission, Mongolia.
The MoU will strengthen the information sharing framework leading to effective enforcement of securities laws, and also help in establishing a technical assistance programme.

Notes:
IIT Madras researchers have launched the country’s first Made-in-India polycentric prosthetic knee called ‘Kadam’.
It was developed by a team at TTK Center for Rehabilitation Research and Device Development (R2D2) at IIT Madras. The affordable prosthetic knee can increase community participation, access to education, livelihood opportunities.