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 ‘Global Climate Observing System (GCOS)’ conference was organised in Darmstadt, Germany. It was hosted by Exploitation of Meteorological Satellites (EUMETSAT) and co-sponsored by the World Meteorological Organization (WMO), Intergovernmental Oceanographic Commission of UNESCO, UNEP, and International Science Council.
As per the declaration of the conference, sustainable and long-term funding is essential to ensure the continuity and expansion of observations.

Notes:
President Droupadi Murmu inaugurated the 7th edition of India Water Week at the India Expo Centre in Greater Noida.
The 7th India Water Week will be celebrated from 1-5 November with the theme of ‘Water Security for Sustainable Development and Equity’. The event will address the issues of sustainability of water resources development and management in line with the sustainable development goals.

Notes:
Ace racing driver Max Verstappen won the Mexico Grand prix title in the year 2022. Lewis Hamilton came in second position and his Red Bull teammate, Sergio Pérez, came in third position.
With his 14th win this year Verstappen has made the record as the driver with the most victories across a single F1 season. In 20 races he has surpassed the figure previously held by Michael Schumacher, who took 13 from 18 races and Sebastian Vettel, who took 13 from 19 races.

Notes:
External Affairs Minister Dr. S. Jaishankar represented India in the Meeting of Shanghai Cooperation Organisation (SCO) Council of Heads of Government.
Dr. Jaishankar also expressed interest in expanding India-SCO trade on the basis of fair market access. A Joint Communique of SCO Heads of Government and other Decisions were adopted at the conclusion of the Meeting.

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:
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:
Indian men’s team clinched their first-ever gold at the Asian Squash Team Championships. They defeated Kuwait in the final in straight sets in Cheongju, South Korea.
Indian squash players Saurav Ghoshal and Ramit Tandon won their games in the final. Previously, the Indian team had won 2014 Asian Games Gold. Hong Kong defeated Malaysia to win the women’s Asian Team Championship title for the fourth time this millennium.

Notes:
Nagaland is hosting the first edition of the Tokhü Emong Bird Count (TEBC), a documentation event to list birds in the state.
This event is being organised in collaboration with the Wokha Forest Division, Nagaland Forest Management Project (NFMP) and Bird Count India. The event is being held during the Tokhü Emong post-harvest festival of the Lotha Nagas to spread awareness about Nagaland’s bird diversity.