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:
‘National Unity Day or Rashtriya Ekta Diwas’ is observed to commemorate the birth anniversary Sardar Vallabhbhai Patel.
Patel, who served as the first Home Minister of India after Independence, is also known as the ‘The Iron Man of India’ for his efforts for the unification of over 550 princely states. This year marks the 147th anniversary of Sardar Vallabhbhai Patel.

Notes:
China recently launched a lab module called Mengtian to be part of its space station currently under construction.
The second lab component was launched by Long March-5B Y4 and will be used for studying microgravity and carrying out experiments in fluid physics, materials science, combustion science and fundamental physics. Wentian lab which was sent earlier focused on biological and space life sciences.

Notes:
The first of its kind ‘Fish Museum’ in the Northeast India would be built in Arunachal Pradesh. The existing Tarin Fish Farm (TFF) in the state would be upgraded as the Integrated Aqua Park (IAP), where the museum would come up
Three years ago, one IAP has been sanctioned for each state and Union territory under the Pradhan Mantri Matsya Sampad Yojana (PMMSY).

Notes:
Union Minister of Commerce and Industry Piyush Goyal had a virtual meeting with his Australian counterpart.
The Meeting was held to discuss the status of ratification of IndAus ECTA (India-Australia Economic Cooperation and Trade Agreement), which was signed in April 2022. The pact’s early implementation was also deliberated upon.

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:
‘Permacrisis’, a term that describes ‘an extended period of instability and insecurity’, has been named Word of the Year 2022 by Collins dictionary
The word relates to the challenges posed by climate change, the war in Europe, a cost-of-living crisis and political chaos. It was first used in academic contexts in the 1970s. In 2020, Collins picked “lockdown” as its word of the year and last year, it opted for “NFT- Non-fungible token”.

Notes:
‘International Day to End Impunity for Crimes Against Journalists 2022’ is marked on 2nd November 2022. The United Nations General Assembly declared this day as the ‘International Day to End Impunity for Crimes against Journalists’ in General Assembly Resolution.
The landmark resolution condemns all aggression and violence against journalists and media workers. The date was selected to commemorate the assassination of two French journalists in Mali in November 2013 named Claude Verlon and Ghislaine Dupont while reporting.

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.