Current Affairs Quiz - November, 2022

Notes:
Under section 45ZN of the RBI Act, the central bank is required to submit a report to the government explaining the reasons and remedial actions it would take, in case of failure to maintain its inflation target for three consecutive quarters.
For the first time since the implementation of the monetary policy framework in 2016, the central bank has called a special meeting of the Monetary Policy Committee (MPC). It will submit a report to the government, as the retail inflation rate is above six per cent target for three consecutive quarters from January 2022.

Notes:
World Cities Day is celebrated on October 31 every year to highlight the need for international cooperation to promote global urbanisation.
A different city hosts the event each year and China’s Shanghai is hosting the event this year. ‘Better City, Better Life’ has been the general theme of World Cities Day since its inception. The sub-theme this year is ‘Act Local to Go Global.’

Notes:
Prime Minister Narendra Modi addressed the ‘Mangarh Dham ki Gaurav Gatha’ programme at Mangarh Dham in Rajasthan.
He paid homage to the sacrifices of unsung tribal heroes and martyrs of the freedom struggle. Mangarh is considered as a shared heritage of the people of Rajasthan, Maharashtra, Madhya Pradesh and Gujarat. On 15th November, the country is going to celebrate Janjatiya Gaurav Diwas on the birth anniversary of Birsa Munda.

Notes:
The Central Board of Direct Taxes (CBDT) has invited stakeholder comments on the proposed new common ITR form.
At present, taxpayers are required to furnish their Income-tax Returns in various forms including ITR-1 to ITR-7 depending upon the type of person and nature of income.  The draft proposes to introduce a common ITR by merging all the existing returns of income except ITR-7.

Notes:
50 United Nations member countries issued a joint statement that condemned the Chinese government’s persecution of Uyghurs in Xinjiang.
The 50 signatories included the United States, Britain, Japan, France, Germany, Australia, among others. The statement was presented to UN member states by Canada at a meeting of the UN General Assembly’s Third Committee.

Notes:
According to the US News and World Report, out of 85 nations, India has been ranked as the nation with the cheapest manufacturing cost ahead of China and Vietnam.
India has bagged the 31st position in the overall Best Countries ranking while it featured at the 37th spot in the ‘Open for Business’ category. In the overall Best Countries ranking, Switzerland has topped the chart, followed by Germany, Canada, US and Sweden.

Notes:
India Post Payments Bank (IPPB) set up under the Ministry of Communication, conducted India’s First Floating Financial Literacy Camp.
IPPB, in collaboration with Investor Education and Protection Fund Authority (IEPFA) under the aegis of Ministry of Corporate Affairs (MCA), launched the initiative called ‘Niveshak Didi’ to promote Financial Literacy “By the women, for the women” concept.

Notes:
As per the scientists of the NASA, the annual Antarctic ozone hole reached an average area of 23.2 million square kilometres between September 7 and October 13, 2022.
NASA also said that the depleted area of the ozone layer over the South Pole was slightly smaller than last year and continued the overall shrinking trend of recent years, in general.

Notes:
Renowned women’s rights activist Ela Bhatt, who is also the founder of SEWA (Self Employed Women’s Association), passed away recently.
SEWA was formed as a trade union of women working in the unorganized sector, which now has two million members. The 89-year-old, also a Padma Bhushan recipient, was a pioneer in the field of women empowerment and received international recognition.

Notes:
Top-seeded Indian Grandmaster, R Praggnanandhaa and compatriot P V Nandhidhaa won the titles in the Open and women’s sections respectively in the Asian Continental Chess championship.
Praggnanandhaa drew with compatriot B Adhiban in the ninth and final round to win the title with seven points. The victory also earned Praggnanandhaa a ticket to the next FIDE World Cup. In the women’s event, Nandhidhaa remained unbeaten throughout to finish first with 7.5 points.