Current Affairs Quiz - September, 2024

Notes:
Prime Minister Narendra Modi addressed Global Fintech Fest (GFF) 2024 held at the Jio World Convention Centre in Mumbai.
The event is organized jointly by the Payments Council of India, the National Payments Corporation of India (NPCI), and the Fintech Convergence Council (FCC). The GFF is considered one of the world’s largest gatherings of fintech startups, investors, experts, bankers, and regulators from around the globe.

Notes:
The Indian Army launched Project NAMAN to support Defence Pensioners, Veterans, and their families. The project is based on the SPARSH digital pension system, simplifying pension processes for Defence personnel. Reception and facilitation centers were set up through an MoU between the Indian Army, CSC e-Governance India Limited, and HDFC Bank. These centers offer SPARSH-enabled pension services and other citizen services at one location. In the first phase, 14 centers were established in key cities like New Delhi, Jalandhar, and Bangalore. Village Level Entrepreneurs (VLEs), often veterans, manage these centers with HDFC Bank’s financial support.

Notes:
INS Tabar conducted a Maritime Partnership Exercise (MPX) with the Spanish Navy’s Ship Atalaya in the Mediterranean Sea.
The exercise signifies India’s naval outreach and marks a milestone in maritime cooperation between India and Spain. The MPX included advanced exercises like Station Keeping, Replenishment at Sea Approaches, Flying Exercise, Steam Past, and PHOTOEX. Both navies showed high professionalism and commitment, reinforcing strong bilateral naval ties and enhancing cooperation in the maritime domain.

Notes:
Kerala Tourism won the PATA Gold Award 2024 for its ‘Holiday Heist’ online contest in the Digital Marketing Campaign category. The campaign, launched in July 2023, used a bidding game on the WhatsApp ChatBot ‘Maya’ to attract tourists. Over 80,000 bids were made by travellers across India to visit Kerala’s prime destinations at low prices. The campaign generated more than 45 million impressions and over 13 million video views. Some participants won tour packages worth ₹30,000 for just ₹5. Kerala Tourism received the award in Bangkok on August 28, 2024.

Notes:
International Whale Shark Day is celebrated annually on August 30. The whale shark is the largest fish in the world and a filter-feeding shark species. They are found in temperate and tropical oceans globally, except the Mediterranean Sea.
Whale sharks have a dark gray top with light spots and stripes, providing camouflage, and a mouth at the front of the head. They are filter feeders, processing over 6,000 liters of water per hour through their gills. Their diet includes plankton, small fish, and mollusks like sardines, anchovies, and squid. The IUCN classifies whale sharks as endangered.

Notes:
Ukraine successfully tested its first ballistic missile, named Hrim-2, developed by its defense industry. Hrim-2, also known as Grim, Grom, or OTRK Sapsan, is a Ukrainian short-range ballistic missile system. It combines the features of a tactical missile system and a multiple rocket launcher. The export version of Hrim-2 has a range limited to 280 km to comply with international regulations. For Ukraine’s military, the missile’s range is extended to 700 km. The Sapsan system features a 10-wheeled launcher that carries two missiles and can evade modern air defenses, similar to Russia’s Iskander missile.

Notes:
Oceanographers found a new seamount on the Nazca Ridge, 900 miles off Chile’s coast. Nazca Ridge is a submarine ridge in the southeastern Pacific Ocean near South America. It is around 1,100 kilometers long and varies in width. The ridge starts at the Nazca Plate off Peru and extends southwest towards Easter Island, Chile. It was created by volcanic activity from a hotspot in the Earth’s mantle. The ridge consists of unusually thick basaltic ocean crust.
It is tectonically active, subducting beneath the South American Plate at the Peru-Chile Trench.

Notes:
The Women’s Asian Champions Trophy hockey tournament in 2024 will be held in Rajgir, Bihar, from November 11-20. This event is a milestone for Bihar, as it will take place at the newly-developed Rajgir Hockey Stadium. Top Asian teams, including India, China, Japan, and Korea, will compete in the tournament. The event highlights Bihar’s commitment to promoting hockey and hosting international sports. The inauguration of the stadium and the support from local leaders showcase Bihar’s readiness for global events.

Notes:
Recently, five people fell unconscious and were hospitalized in Visakhapatnam while shifting acetanilide bags between containers. Acetanilide is a synthetic organic compound with the formula C8H9NO, also known as N-phenylacetamide or acetanil. It is a white, odorless solid related to acetic acid and was first used as a fever-reducing drug in 1886.
Acetanilide was used for pain relief, including headaches and cramps, but has been largely replaced by acetaminophen (paracetamol) due to toxic side effects that affect hemoglobin function. It is still used as an intermediate in producing dyes, rubber, and other chemicals.

Notes:
The World Bank stated that India’s medium-term outlook remains positive despite challenging global conditions. India’s growth is expected to reach 7% in the financial year 2024-25 and stay strong in 2025-26 and 2026-27. The World Bank released a report ‘India Development Update: India’s Trade Opportunities in a Changing Global Context’ on 3 September 2024. With strong revenue growth and fiscal consolidation, the debt-to-GDP ratio is projected to decrease from 83.9% in 2023-24 to 82% by 2026-27. The current account deficit is expected to remain around 1 to 1.6% of GDP until 2026-27. The World Bank emphasized the importance of trade for growth but noted that increased protectionism and barriers could limit trade opportunities.