Current Affairs Quiz - February, 2024

Notes:
Saudi Arabia is launching the “Dream of the Desert” train service in late 2025. The 800-mile trip will start in Riyadh, Saudi Arabia’s capital city, and travel northwest toward the border with Jordan. The route will pass through long stretches of scenic deserts and UNESCO World Heritage archeological sites.

Notes:
Sikkim’s Chief Minister, Prem Singh Tamang, introduced Sikkim INSPIRES, a groundbreaking collaboration between the state government and the World Bank. With a $100 million allocation, the program spans five years, engaging nine government departments to foster economic growth and inclusion. The initiative prioritizes collaboration and capacity-building across sectors, aiming to strengthen the state system for inclusive growth, employment for women and youth, and enhanced delivery of enabling services. The launch event featured a slogan competition winner announcement and the unveiling of a mental health awareness mobile app.

Notes:
Reliance Industries Limited (RIL) recently achieved a historic milestone, becoming the first Indian company to surpass Rs 20 lakh crore in market capitalization. Market capitalization, or Market Cap, signifies a company’s market value based on its share price and outstanding shares. RIL’s achievement highlights its significant market presence, making it a large-cap company. Market capitalization is crucial for investors to assess a company’s value and predict future stock performance based on market perceptions and willingness to invest.

Notes:
Researchers at Odisha’s Berhampur University discovered a new marine amphipod species, a shrimp-like crustacean, in Chilika lagoon. Belonging to the genus Parhyale, which has 15 global species in marine and brackish water environments, this brown crustacean is around eight mm long with 13 pairs of legs. Notably, it distinguishes itself from the 15 species by featuring a stout robust seta on the male gnathopod’s propodus, the first pair of legs, used for capturing prey and feeding.

Notes:
As of February 2024, Germany is the world’s third largest economy, surpassing Japan. Japan’s economy was contracted by 0.4% in the fourth quarter of 2023, pushing the country into recession. This is due to weak domestic consumption, a weak yen, and a shrinking population. The IMF’s latest projections estimate Germany’s nominal GDP at $4.4 trillion this year, compared with $4.2 trillion for Japan.

Notes:
The Rajasthan Mines Department has discovered over 840 million tonnes of iron ore in Khoda, Dadaroli, Todupura, and Liloti near Hindon, Karauli. A composite license for iron ore blocks spanning 1,888 hectares is set for auction. Preliminary exploration revealed magnetite and hematite deposits across 462.3 hectares in Khoda, 754.38 hectares in Dadaroli, 260.71 hectares in Todupura, and 410.94 hectares in Liloti. The findings are expected to boost industrial investment, particularly benefiting steel, cement, coal, and related industries in the state, fostering economic growth and job opportunities.

Notes:
Researchers have uncovered a unique electric polarization mechanism in the mineral MnBi2S4, aka graţianite, a ternary manganese chalcogenide. It exhibits distinctive magnetic structures, such as spin density wave, cycloidal, and helical spin structures. Notably, the latter two induce ferroelectricity. MnBi2S4 is centrosymmetric and undergoes magnetic ordering at low temperatures (27, 23, and 21.5 Kelvins). This discovery could contribute to energy-efficient data storage.

Notes:
Chinese citizens are occupying Xiaokang border defense villages along India’s northeastern border. China has built 628 well-off villages along India’s borders with Tibet over five years, covering Ladakh and Arunachal Pradesh. In response, India launched the Vibrant Villages Programme in 2022, aiming to develop 663 border villages into modern tourist attractions. Zemithang, Taksing, and Chayang Tajo are located in the Indian state of Arunachal Pradesh. The villages are part of the Vibrant Village Programme, a pilot initiative by the government to develop remote and border villages.

Notes:
The Nagi Bird Festival is associated with the state of Bihar. The Bihar government’s Forest and Environment department hosts the three-day festival in Jamui, the district’s Nagi bird sanctuary. The festival’s primary objective is to educate people on migratory birds and their habitats, and to promote bird conservation.

Notes:
India’s women’s badminton team won their first-ever gold medal at the Badminton Asia Team Championships in Shah Alam, Malaysia. The team defeated Thailand 3-2 in the final match, with Anmol Kharb’s victory over Pornpicha Choeikeewong in the third singles game clinching the gold.