Daily Current Affairs Quiz: March 9 2024

Solution: Option C.)

Ans (C)
Communications, Railways and Electronics and IT Minister Ashwini Vaishnav launched government think tank NITI Aayog’s platform “NITI For States”, a digital public infrastructure. Along with this, he also inaugurated the “Viksit Bharat Strategy Room” at NITI Aayog.
NITI Aayog is not a constitutional body.
It was established on January 1, 2015.
It is formed in place of the Planning Commission.
The ex-officio president of this is the Prime Minister.
It is the premier policy ‘Think Tank’ of the Government of India, providing both directional and policy inputs.
The NITI Aayog:
Formed: 1 January 2015
Headquarters: New Delhi
Chairman – Narendra Modi
Vice-Chairman – Dr. Suman Bery
CEO – Sh. BVR Subrahmanyam
Full-Time Members:
Shri V.K. Saraswat
Prof. Ramesh Chand
Dr. V. K. Paul

Solution: Option C.)

Ans (C)
Egypt has devalued its currency for the fourth time since the beginning of 2022, after a huge interest rate hike by the central bank.
Egypt has devalued its currency by more than 35%.
Egypt is a country connecting North-East Africa with the Middle East.
Its capital is Cairo and its currency is the Egyptian pound.
Devaluation is the deliberate downward adjustment of a country’s currency value.
The government issuing the currency can decide to devalue its currency.
Devaluing a currency reduces the cost of a country’s exports and can help shrink trade deficits.
Due to a shortage of funds within the government, the value of the Indian rupee was reduced in 1949.
Due to the war with China and Pakistan in 1966, the Indian rupee was devalued.
The Indian government once more devalued the rupee in 1991 during a financial crisis.

Solution: Option A.)

Ans (A)
National Payments Corporation of India (NPCI) on Wednesday entered into an agreement with the Indian Institute of Science (IISc), Bangalore to conduct joint research on blockchain and artificial intelligence (AI) technology.
Under this, the focus will be on scalable blockchain platforms and multi-modal analytics.

Solution: Option E.)

Ans (E)
In the National Youth Parliament Mahotsav, 2024, Yatin Bhaskar Duggal of Haryana won the first prize, while Vaishna Pichai of Tamil Nadu won the second prize and Kanishka Sharma of Rajasthan won the third prize.
87 state-level winners gathered in New Delhi for the finals of the Youth Parliament.

Solution: Option A.)

Ans (A)
Indian Navy has established its new base “INS Jatayu” in Minicoy Island of Lakshadweep with an aim to enhance its operational capabilities in the Indian Ocean region.
Earlier, the Navy had established INS ‘Dweeprakshak’ at Kavaratti, Lakshadweep.
Navy Chief Admiral R Hari Kumar inaugurated the second naval base in Lakshadweep.
INS Jatayu, formerly Naval Detachment Minicoy, is commissioned as an upgraded naval base on Minicoy Island in the Lakshadweep archipelago.
Minicoy Island, where INS Jatayu is located, sits at the intersection of crucial Sea Lines of Communications (SLOCs) like the Eight Degree Channel and the Nine Degree Channel, making it susceptible to maritime pollution due to heavy maritime traffic.

Solution: Option D.)

Ans (D)
Atal Innovation Mission (AIM), NITI Aayog in collaboration with META has launched Frontier Technology Labs (FTL).
Its objective is to empower the youth to innovate.
So far, AIM has established 10,000 Atal Tinkering Labs (ATL) in schools in 722 districts of India.
Atal Innovation Mission is the Government of India’s flagship initiative to promote a culture of innovation and entrepreneurship in the country.
Major Initiatives:
Atal Tinkering Labs: Creating problem-solving mindset across schools in India.
Atal New India Challenges: Fostering product innovations and aligning them to the needs of various sectors/ministries.
Mentor India Campaign: A national mentor network in collaboration with the public sector, corporates and institutions, to support all the initiatives of the mission.
Atal Research and Innovation for Small Enterprises (ARISE): To stimulate innovation and research in the MSME industry.

Solution: Option D.)

Ans (D)
Indian Grandmaster R Praggnanandhaa defeated Nodirbek Abdusattorov of Uzbekistan in the sixth round of the Prague International Chess Festival 2024 Masters to retain the fourth spot in the tournament.
India’s Vidit Gujrathi went down against Germany’s Vincent Keymer from a winning position.
Gukesh D also lost his match against Mateusz Bartel of Poland.

Solution: Option A.)

Ans (A)
Naresh Kumar, IFS officer of the 2006 batch, has been appointed as India’s envoy to Mauritania, set to begin his role shortly.
India-Mauritania ties are strong, with India’s mission in Nouakchott opened in June 2021, enhancing cooperation.
Bilateral trade reached $94.53M in 2019-20, with India providing a Line of Credit of $21.8M for developmental projects in Mauritania.

Solution: Option B.)

Ans (B)
RBI and Bank Indonesia sign a MoU to promote local currency usage.
The MoU was signed by Shaktikanta Das, Governor of RBI, and Perry Warjiyo, Governor of BI.
The collaboration aims to promote the bilateral use of INR and IDR for cross-border transactions
The use of local currencies is expected to optimize costs and settlement time for transactions, contributing to the efficiency of cross-border trade and financial transactions between India and Indonesia.

Solution: Option C.)

Ans (C)
IWD focuses on issues such as gender equality, reproductive rights, and violence and abuse against women.
The earliest version reported was a “Women’s Day” organized by the Socialist Party of America in New York City on February 28, 1909.
IWD became a mainstream global holiday following its promotion by the United Nations in 1977.