Current Affairs Quiz - July 2022

Notes:
Prime Minister Narendra Modi recently inaugurated the Bundelkhand Expressway in Jalaun district in Uttar Pradesh.
The Bundelkhand expressway will connect Chitrakoot in the underdeveloped Bundelkhand region with the Lucknow-Agra Expressway. The 296-km-long four-lane expressway, which can be later expanded into six lanes, has been constructed at a cost of Rs 14,850 crore.

Notes:
The US Air Force and Defense Advanced Research Projects Agency (DARPA) announced that it has tested two different hypersonic missiles systems.
The AGM-183A Air-launched Rapid Response Weapon (ARRW) had its second consecutive successful test. ARRW is a boost-glide system that uses a rocket to accelerate a missile to hypersonic speeds before releasing a hypersonic glider.

Notes:
Kerala has become the first and only state in the country to have its own internet service. Chief Minister Pinarayi Vijayan announced this news.
Kerala Fiber Optic Network Ltd, the ambitious IT infrastructure project of the government to make the internet accessible to everyone in the state, received the Internet Service Provider (ISP) license from the Department of Telecommunications.

Notes:
As per the data provided by the Ministry of Home Affairs, over 1.63 lakh Indian nationals renounced their Indian citizenship during 2021.
This is the highest during the last three years. The US was the top choice with almost half of Indians preferring to become US citizens. After the US, Indians preferred to get citizenship in Australia, Canada and the UK.

Notes:
The Reserve Bank of India (RBI) has decided to adopt a simple four-tiered regulatory framework for Urban Co-operative Banks (UCBs).
The framework will be based on size of deposits, with an aim to strengthen their financial soundness. An expert committee, headed by former RBI deputy governor N S Vishwanathan, made a host of recommendations for strengthening the UCBs.

Notes:
The Reserve Bank of India has hiked the minimum capital adequacy ratio (CAR) for Urban Cooperative Banks (UCBs) to 12 per cent from the earlier ratio of 9 per cent.
The requirement is applied for Tier 1 banks, with deposits above Rs 100 crore. RBI has also provided a path till March 2026 to meet revised CAR norm in phases, for UCBs that don’t meet it currently. This is based on recommendations of a panel headed by N S Vishwanathan, former Deputy Governor.

Notes:
An MoU was signed by Union Environment Minister of India and Deputy Prime Minister of Namibia, in New Delhi.
It paves way for reintroduction of eight cheetahs in Kuno National Park in Madhya Pradesh. The MoU also covers cooperation on wildlife conservation and sustainable biodiversity utilisation. India will train Namibian candidates in wildlife management courses at the Wildlife Institute of India.

Notes:
The World Bank has approved a loan of USD one billion to provide support to India’s flagship PM Ayushman Bharat Health Infrastructure Mission (PM-ABHIM).
The loan includes two complementary loans of USD 500 million each namely for ‘Transforming India’s Public Health Systems for Pandemic Preparedness Program (PHSPP)’ and ‘India’s Enhanced Health Service Delivery Program (EHSDP)’.

Notes:
In the 2022 edition of Henley Passport Index, Indian passport is ranked at 87 as it provides easy access to 57 countries.
Japan is at the first place of the index with hassle-free entry to 193 countries. Singapore and South Korea have the next powerful passports in the world with access to 192 countries. Indian passports had access to just 23 destinations in 2020.

Notes:
Every year, India celebrates the National Flag Day on July 22. On the same day in the year 1947, the Constituent Assembly of India adopted the National Flag.
When the members of the Indian Constituent Assembly met in the Constitution Hall in Delhi on July 22, 1947, the first thing the Assembly discussed was a motion by Jawaharlal Nehru to adopt the national flag for free India.