Current Affairs Quiz - December, 2022

Notes:
Bernard Arnault & family, who own the LVMH Moët Hennessy Louis Vuitton group of luxury brands, were briefly placed in the top position on Forbes’ Real-Time Billionaires List.
Billionaire entrepreneur Elon Musk was at second position for a while after a fall in his automobile company Tesla’s shares. With a net worth of USD 185.4 billion, Musk is now again followed in the Forbes list by Arnault at USD 184.7 billion

Notes:
Sukhvinder Singh Sukhu has recently sworn in as the next Chief Minister of Himachal Pradesh. He was a four-time MLA and chairman of the Congress’ state election campaign committee.
Mukesh Agnihotri has been selected as the Deputy Chief Minister. The Indian National Congress party won the Himachal Pradesh state assembly elections.

Notes:
The Singapore Declaration was adopted at the 17th Asia and the Pacific Regional Meeting of the International Labour Organisation (APRM of ILO).
The Declaration urges countries to ensure labour protection. It noted that social dialogue is essential to address labour market challenges and finding solutions in crisis situations such as COVID-19 pandemic, natural disasters, and economic uncertainty.

Notes:
France football team entered the semifinals of the World Cup by beating England 2-1. Olivier Giroud scored in the 78th minute which helped Franc win the game.
France is also on course to become the first team since Brazil in 1962 to win back-to-back World Cups. Kylian Mbappé is a 23 year old football player of the France team.

Notes:
Special Window for Completion of Construction of Affordable and Mid-Income Housing Projects (SWAMIH I),was  set up under the Special Window for Affordable and Mid-Income Housing.
The fund is sponsored by the Union Finance ministry, and is managed by SBICap Ventures Ltd. It aims to provide priority debt financing for the completion of stressed, brownfield and RERA registered residential projects. It ultimately provides relief to homebuyers of stalled projects.

Notes:
Defence Research and Development Organisation (DRDO) has been conducting Dare to Dream Contest every year since 2019.
It aims to bring together innovators, entrepreneurs, individuals above 18 years and start-ups for innovative ideas in the field of Defence and Aerospace. A total of 5,637 applications have been received under three Dare to Dream Contests in last three years.

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:
Kerala Chief Minister Pinarayi Vijayan inaugurated the fifth edition of Kochi Muziris Biennale. The Biennale will be hosted on the theme ‘In Our Views Flow Ink and Fire’.
The four-month-long celebration of art is scheduled to see several discussions, performances and film screenings. The biennale showcases more than 200 main artworks of 90 artists from about 40 different countries.

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:
Ministry of Development of Home Affairs formed a special committee to look into demands of Eastern Nagaland People’s Organisation (ENPO).
It will be headed by the Advisor of the Ministry of Home Affairs and Centre’s emissary on the Naga Peace Talks, A K Mishra. The Eastern Nagaland People’s Organisation constitutes seven of the major tribes of Nagaland. They are demanding a separate state by the name of Frontier Nagaland.