Current Affairs Quiz - December, 2024

Notes:
The central government announced that corporate exits are now processed in 70-90 days under the Centre for Processing Accelerated Corporate Exit (C-PACE). It was established by Ministry of Corporate Affairs (MCA). It operates under the Registrar of Companies (RoC) and is supervised by the Director General of Corporate Affairs (DGCoA). It is located at the Indian Institute of Corporate Affairs, Gurgaon. It aims to ease doing business, reduce registry burden, and provide hassle-free, timely company closures.

Notes:
The World Maritime Technology Conference (WMTC) held in Chennai from December 4 to 6, 2024. This marks the first return to India in 15 years, with the previous event held in Mumbai. The conference covers critical topics such as climate change, sustainability, and geopolitical dynamics impacting the maritime industry. The last edition took place in Copenhagen in April 2022, with previous hosts including Shanghai, Houston, and St. Petersburg.

Notes:
World Wildlife Conservation Day is observed on December 4 to raise awareness about protecting endangered flora and fauna. The day emphasizes the importance of wildlife conservation and encourages action to safeguard endangered species. India hosts four global biodiversity hotspots: Himalaya, Indo-Burma, Western Ghats-Sri Lanka, and Sundaland. With only 2.4% of the world’s land area, India supports 7-8% of recorded species, making it a megadiverse country.

Notes:
The Indian Men’s Junior Hockey team defeated Pakistan 5-3 in the final of the 11th Men’s Hockey Junior Asia Cup 2024, held in Muscat, Oman, on 4th December 2024. India won the Junior Asia Cup title for a record fifth time. This year has been successful for Indian men’s hockey, with a bronze medal at the 2024 Paris Olympics and a fifth win in the Asian Men’s Hockey Champions Trophy. The tournament, organized by the Asian Hockey Federation and hosted by Oman.

Notes:
Researchers discovered a new ancient human species named Homo juluensis, meaning “big head,” based on a large skull found in China. The species lived 300,000 years ago, surviving in small groups across eastern Asia before vanishing 50,000 years ago. Homo juluensis includes links to mysterious groups like the Denisovans. Fossils show facial and jaw features similar to Neanderthals and braincases 30% larger than modern humans. They hunted wild horses, made stone tools, and possibly processed animal hides for survival.

Notes:
The World Drought Atlas predicts that 75% of the global population will face drought impacts by 2050. It was launched by the United Nations Convention to Combat Desertification (UNCCD) and European Commission Joint Research Centre. The Atlas links worsening drought risks to human activities and highlights five impact areas: water supply, agriculture, hydropower, inland navigation, and ecosystems. Featuring 21 global case studies, it emphasizes that no country is immune to drought but all can prepare better. It suggests measures under governance (e.g., early warning systems), land-use management (e.g., agroforestry), and water management (e.g., wastewater reuse).

Notes:
A study in Tanzania’s Ngorongoro Conservation Area explored the human-Cape buffalo conflict in sub-Saharan Africa. Cape buffalo (Syncerus caffer) is an aggressive species and one of the four subspecies of African buffalo. They are stocky with short, thick legs and have distinctive horns with fused bases, forming a “boss.” Cape buffalo live in swamps, floodplains, grasslands, and forests across southern and eastern Africa, preferring dense cover. They are herbivores, feeding on grasses, leaves, and plants, and are excellent swimmers. The species is classified as Near Threatened by the IUCN.

Notes:
The Hornbill Festival, celebrated annually since 2000 in Nagaland, marks its 25th year. Named after the Hornbill bird, symbolizing boldness in Naga folklore, it takes place at Kisama Heritage Village, showcasing 17 indigenous houses representing Nagaland’s tribes. The festival promotes inter-tribal interaction, preserving the state’s rich heritage. Nagaland, known as the “Land of Festivals,” is home to 17 major tribes, each with its unique traditions. The festival highlights India’s unity in diversity, where diverse cultural practices coexist, strengthening the nation’s identity.

Notes:
The 2nd Edition of the Krishnaveni Sangeetha Neerajanam Music Festival celebrated at the Tummalapalli Kshetrayya Kalakshetra Auditorium in Vijayawada, Andhra Pradesh. The three-day festival features over 140 artists and 35 programs celebrating Carnatic music and Andhra Pradesh’s cultural legacy. The festival showcases GI-tagged handicrafts and handlooms from Andhra Pradesh and Telangana. The Indian Culinary Institute (ICI), Tirupati, highlights Andhra Pradesh’s culinary traditions with regional delicacies. The event integrates music, crafts, and cuisine, promoting Music Tourism and celebrating the state’s cultural heritage and traditions.

Notes:
The Mukhya Mantri Mahila Samman Rashi Yojna (MMMSY) is a financial assistance program launched by the Delhi government, offering monthly payouts of Rs 1,000 to women. This initiative was first announced in the 2024-25 budget by Finance Minister Atishi. However, concerns about fiscal responsibility and the potential long-term financial liabilities associated with the scheme have been raised by the Finance Department, particularly regarding its impact on future budgets and the state’s borrowing capacity.