Current Affairs Quiz - December, 2022

Notes:
The Indian Space Research Organization (ISRO) announced that the test run of hypersonic vehicles was successfully conducted with Headquarters of the Integrated Defense Staff (HQ IDS).
The Trisonic Wind Tunnel system helps with the aerodynamic design of rockets and re-entry spacecraft. The tunnel can simulate flight at speeds from 68 metres per second to 1,360 metres per second.

Notes:
UN General Assembly declared 2002 as the UN International Year of Mountains and designated 11 December, as “International Mountain Day” from 2003 onwards.
The Food and Agriculture Organization of the United Nations (FAO) is the coordinating agency for this celebration (IMD). ‘Women Move Mountains’ is the theme of this year’s International Mountain Day. International Mountain Day 2022 raises awareness about the need to empower mountain women.

Notes:
As on date, 94 Financial Institutions have onboarded themselves on Account Aggregator (AA) platform as Financial Information User (FIU)
26 Financial Institutions are onboard as Financial Information Provider (FIP). Reserve Bank of India (RBI) has granted Certificate of Registration to six companies as Account Aggregator (AA), as on date.

Notes:
The Minister of State for Electronics & Information Technology Rajeev Chandrasekhar announced that India is the largest connected nation in the world today with more than 800 million broadband users.
The announcement was made during ‘India Internet Governance Forum 2022’, held on the theme ‘Leveraging Techade for Empowering Bharat’. It is an initiative associated with the UN Internet Governance Forum (UN-IGF).

Notes:
Legendary athlete PT Usha was elected as the first woman president of Indian Olympic Association (IOA).
She is a multiple Asian Games gold medalist and fourth place finisher in the 1984 Los Angeles Olympics 400m hurdles final. The 58-year-old athlete was declared elected unopposed for the top post in the polls. The elections were held under the supervision of Supreme Court-appointed retired SC judge L Nageswara Rao. She became the first Olympian and first international medallist to head the IOA in its 95 year history.

Notes:
India’s retail inflation, which is measured by the Consumer Price Index (CPI), eased to 11-month low of 5.88% on an annual basis in November.
The inflation was 6.77% in October, 2022. The sharp rise is due to the dipping global commodity prices and higher borrowing costs. The inflation figure came within the Reserve Bank of India’s (RBI) tolerance band of 2-6% for the first time this year. The factory output, measured in terms of the Index of Industrial Production (IIP), contracted 4% in October.

Notes:
The Rajya Sabha passed the Energy Conservation (Amendment) Bill, to mandate non-fossil sources of energy and establish a domestic carbon market in India.
This will help India achieve its target of reducing India’s carbon intensity by 45 per cent by 2030. This goal is part of India’s updated Nationally Determined Contributions (NDC).

Notes:
Article 43B of the Constitution inserted by the 97th Amendment says that ‘states shall endeavour to promote voluntary formation, autonomous functioning, democratic control and professional management of cooperative societies’.
The Bill to amend the Multi-State Cooperative Societies (MSCS) Act, 2002, was recently introduced in the Lok Sabha. The bill says central government will establish the Co-operative Election Authority to conduct elections, supervise, direct and control the preparation of electoral rolls. As per the Bill, the central government will appoint one or more Co-operative Ombudsman with territorial jurisdiction.

Notes:
The Group of Seven economies have created an open, international climate club for countries to cooperate in the fight against global warming,
German Chancellor Olaf Scholz, who holds the presidency of the G-7 until the end of the year, announced the decision. Germany will pass the Presidency to Japan. The club will work to help accelerate the industrial transition to cleaner forms of energy and to further develop emission-reduction measures

Notes:
The Ministry of Agriculture and Department of Space signed a Memorandum of Understanding (MoU) to develop a Krishi-Decision Support System (Krishi-DSS) using satellite data.
It is a decision support system using RISAT-1A and VEDAS of Department of Space.  It uses geospatial technologies and related databases for enhancing evidence based decision making of all stakeholders in the agriculture sector.