Current Affairs Quiz - November, 2022

Notes:
Ministry of Defence, Government of India, has approved to set up the ‘DRDO Industry Academia-Centre of Excellence’ (DIA-CoE) at Indian Institute of Technology Roorkee (IIT Roorkee).
The Facility will receive financial assistance from the DRDO, Government of India. Key research areas include, Smart Infrastructure and Hardened Structures for Defence Applications, Energy Storage Devices, Landslide, Snow, and Avalanche Studies, Pulsed Laser and Specialty Fiber, among others.

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:
BSE Technologies, a subsidiary of BSE launched KYC Registration Agency (KRA), which maintains KYC records of investors in an electronic form.
KRA is a SEBI-regulated intermediary that grants authorisation for investors’ Know Your Client (KYC), to the market participants. Under the guidelines, KRAs need to independently validate records of the clients whose KYC has been completed using Aadhaar as an Officially Valid Document (OVD).

Notes:
The Ministry of Electronics and IT has approved the greenfield Electronics Manufacturing Cluster (EMC) to be set up in Ranjangaon Phase III, near Pune in Maharashtra.
The project cost of the Cluster is Rs 492.85 crores. There are EMCs in Noida, Tirupati, Karnataka and Tamil Nadu, where multi-national companies and Indian start-ups have set up their units.

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 Karnataka government has announced the names of the recipients of ‘Rajyotsava Award’, as the state celebrates 67th Kannada Rajyotsava this year.
It is an annual award presented to eminent persons who have rendered significant service in various fields. Former ISRO Chairman K Sivan, Soligara Madamma who popularised cooperatives, Yakshagana artiste Dr M Prabhakar Joshi are among the 67 awardees.

Notes:
India gifted 200 vehicles to the Nepalese government for logistical support the smooth conduct of the general elections, to be held this month.
Nepal, which is set to hold elections for the federal Parliament as well as the provincial assemblies had requested the Indian government for the vehicles. Out of the 200 vehicles, 120 are for the security forces while 80 vehicles are for the Election Commission of Nepal.

Notes:
Prime Minister Narendra Modi addressed the inaugural function of ‘Invest Karnataka 2022’ Summit.
This year’s edition of the Karnataka’s Global Investors Meet (GIM), is built under the theme ‘Build for the World’. The three-day program will have more than 80 speaker sessions. The sessions are hosted by partner countries – France, Germany, Netherlands, South Korea, Japan, and Australia.

Notes:
Switzerland has launched the world’s longest passenger train with 100 coaches, 4,550 seats, measuring 1910 metres.
Rhaetian Railway, a Swiss transport company, has set a world record for the longest passenger train, to celebrate the 175th anniversary of Switzerland’s first railway. The record-breaking train was formed of 25 new ‘Capricorn’ electric trains, which passed through the landscape in the Swiss Alps.

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.