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:
The fourth edition of the Bangladesh Film Festival is being hosted in Kolkata. 37 films and documentaries from Bangladesh will be screened at the five-day event.
This will be the fourth year, that the Bangladesh Film Festival is being organised in Kolkata. The Cultural Events like book fairs and film festivals strengthen the bond between India and Bangladesh as well as West Bengal and Bangladesh.

Notes:
The International Open Access Week is celebrated around the world from 24 to 30 October. It is an annual initiative to promote open access (OA) in the academic and research world.
This year the motto is Open for Climate Justice and aims to raise awareness of how open access can be a means for climate justice. In India, CSIR-NIScPR is one of the largest Open Access publishers of India which publishes 15 Diamond Open Access scholarly journals. In 2022, the International Open Access Week, entered its fifteenth year of celebration.

Notes:
The Indian Government has decided to grant Indian citizenship to Hindus, Sikhs, Buddhists, Jains, Parsis and Christians coming from Afghanistan, Bangladesh and Pakistan and currently living in two districts of Gujarat under the Citizenship Act, 1955.
The move to grant citizenship comes under the Citizenship Act, 1955 and not the controversial Citizenship Amendment Act, 2019 (CAA).

Notes:
The Defence Research & Development Organisation (DRDO) conducted a successful maiden flight-test of Phase-II Ballistic Missile Defence (BMD) interceptor AD-1 missile.
The missile was tested with large kill altitude bracket from APJ Abdul Kalam Island off the coast of Odisha. The AD-1 is a long-range interceptor missile designed for both low exo-atmospheric and endo-atmospheric interception of long-range ballistic missiles as well as aircraft.

Notes:
Delhi has topped the Employee Provident Fund Organisation (EPFO) coverage with 61.5 per cent of their working population.
It is followed by Goa with 51.4 per cent and Haryana with 35.3 per cent, according to the vision document of EPFO. Maharashtra leads the chart with 11.9 million EPFO subscribers, followed by Karnataka and Tamil Nadu.

Notes:
Uttar Pradesh Cabinet gave its nod to the state’s new ‘Investment and Employment Promotion Policy, 2022’.
The new policy categorises investments into four major categories – Large, Mega, Super Mega and Ultra Mega. The new policy will provide attractive incentives for the development of private industrial parks.

Notes:
The Central Government has set up a high-level panel to strengthen the assessment and accreditation of higher educational institutions.
The committee has been formed under the chairmanship of K Radhakrishnan, chairperson, Board of Governors, IIT Kanpur. He is also the chairperson of IIT Council Standing Committee.

Notes:
As per the 2022 WTW Global Gender Wealth Equity report, women will have 74 per cent of the wealth accumulated by men, when they retire.
In Asia-Pacific (APAC), India had the worst gender wealth gap (64 per cent), more than the global average. A major factor for this is India’s gender pay gap for professional and technical roles. Another factor is that opportunities for women in leadership positions are limited, with only 3 per cent of women in workforce at senior positions.

Notes:
The US Embassy and Treasury selected the municipal bond issued by the Vadodara Municipal Corporation for a case study on successful listing.
It also cited the bond as a benchmark for other civic bodies who are set to enter stock exchanges. US Embassy launched a book titled ‘All About Municipal Bond’ in New Delhi and VMC’s case study is a part of the book. VMC listed a five-year Rs 100 crore bond at the Bombay Stock Exchange (BSE).