June 13, 2024 Current Affairs

1. Which country recently launched a Local Currency Settlement System (LCSS) with India?

A.      Italy

B.      United States of America

C.      Russia

D.      UAE

Answer: Option D

Explanation:

The launch of the Local Currency Settlement System by India and the UAE marks a pivotal moment in their economic relationship. By reducing dependency on the US Dollar and facilitating direct currency settlements, this initiative promises to streamline trade processes, lower transaction costs, and strengthen bilateral economic ties. As both countries continue to innovate and collaborate, the LCSS stands as a testament to their forward-thinking approach and commitment to mutual growth.

2. What was India's retail inflation rate in May 2024?

A.      4.83%

B.      8.69%

C.      4.75%

D.      5.28%

Answer: Option C

Explanation:

India's retail inflation rate of 4.75% in May 2024 is a positive indicator of economic stability. Falling within the RBI's target range, this figure suggests a balanced approach to monetary policy and a stable cost of living. As the country continues to navigate global economic challenges, maintaining such stability will be crucial for sustained growth and development.

3. Which country is involved in conducting joint drills on tactical nuclear weapons with Russia?

A.      China

B.      Belarus

C.      Poland

D.      Finland

Answer: Option B

Explanation:

The joint drills on tactical nuclear weapons conducted by Belarus and Russia are a significant development in the realm of international security. These exercises reflect a strategic alliance aimed at enhancing military readiness and responding to perceived threats. As tensions continue to simmer, the world watches closely, aware that the actions of these two nations could have far-reaching consequences for global stability.

4. What type of animal is the newly discovered Buronius manfredschmidi?

A.      Bird

B.      Elephant

C.      Ape

D.      Lizard

Answer: Option C

Explanation:

The discovery of Buronius manfredschmidi marks a significant milestone in the study of great ape evolution. This small but remarkable species provides valuable insights into the diversity and adaptability of ancient apes, reshaping our understanding of their evolutionary history. As researchers continue to analyze the fossil remains, we can expect to uncover even more fascinating details about the life and times of this enigmatic primate.

5. In which Indian state has the government announced a monthly stipend under the scheme 'Nijut Moina' to prevent child marriages?

A.      Bihar

B.      Odisha

C.      Rajasthan

D.      Assam

Answer: Option D

Explanation:

The 'Nijut Moina' scheme is a significant step towards preventing child marriages and empowering young girls in Assam through education. By providing financial support, the Assam government is not only encouraging girls to stay in school but also paving the way for a brighter, more equitable future. This initiative has the potential to bring about lasting change and inspire similar efforts in other states across India.

6. When is International Albinism Awareness Day observed annually?

A.      June 1

B.      June 13

C.      July 4

D.      August 15

Answer: Option B

Explanation:

International Albinism Awareness Day on June 13th is a vital occasion for raising awareness and fostering a supportive environment for individuals with albinism. By understanding their challenges and advocating for their needs, we can contribute to a more inclusive and compassionate society. Let’s join hands in shedding light on albinism and supporting those who live with this condition every day.

7. Who has been appointed as the new MD and CEO of SBICAP Ventures Limited?

A.      Prem Prabhakar

B.      Mahendra Kumar Sharma

C.      Yadavalli Venkata Gopalam

D.      Shesh Ram Verma

Answer: Option7.

Explanation:

Prem Prabhakar’s appointment as the Managing Director and Chief Executive Officer of SBICAP Ventures Limited marks a significant milestone for the company. With his profound expertise and strategic vision, Prabhakar is set to lead SVL into a new era of growth and innovation, strengthening its position in the alternative asset management sector and building lasting relationships with investors.

8. Which company has secured its position among the 100 most valuable brands in the world for three consecutive years?

A.      Infosys

B.      Microsoft

C.      Zoho

D.      Cognizant

Answer: Option A

Explanation:

Infosys' recognition as one of the 100 most valuable brands in the world for three consecutive years is a testament to its innovative approach, leadership in cloud solutions, commitment to digital skilling, and consistent financial performance. As the company continues to push the boundaries of technology and drive digital transformation, its brand value is poised to grow even further.

9. Where is TIDCO exploring Urban Air Mobility solutions, including the launch of air taxis or 'flying cars'?

A.      Mumbai

B.      Bengaluru

C.      Chennai

D.      Hyderabad

Answer: Option C

Explanation:

Chennai's foray into Urban Air Mobility, facilitated by the TIDCO-Boeing partnership, marks a significant milestone in the evolution of urban transportation. By embracing innovative aerial technologies, the city is not only addressing the challenges of traffic congestion but also setting a precedent for other urban centers to follow. The future of urban commuting in Chennai looks promisingly airborne, heralding a new era of mobility and convenience.

10. Where are the historic civil body polls scheduled to take place after a gap of 20 years?

A.      Nagaland

B.      Manipur

C.      Mizoram

D.      Arunachal Pradesh

Answer: Option A

Explanation:

The upcoming Urban Local Body elections in Nagaland, after a gap of 20 years, mark a significant milestone in the state’s political landscape. With a diverse pool of 669 candidates, including 238 women, these elections reflect a progressive move towards inclusive and representative governance. The successful conduct of these elections will undoubtedly pave the way for a stronger, more democratic Nagaland.

11. What was the name of the conference hosted by NCISM to celebrate its 4th Foundation Day?

A.      AYUSH

B.      PRANA

C.      VEDA

D.      SHAKTI

Answer: Option B

Explanation:

The 'PRANA' conference was a resounding success, marking a significant milestone in the journey of NCISM. By focusing on patenting, commercialization, and technology transfer, the event laid a strong foundation for the future of ISM startups. The collaborative efforts demonstrated at the conference set a precedent for future initiatives, ensuring that the field of Indian Systems of Medicine continues to innovate and grow.

12. Which Indian company signed a strategic cooperation agreement with EDGE Group to develop defence and aerospace capabilities?

A.      Reliance Industries

B.      Tata Advanced Systems

C.      Mahindra Aerospace

D.      Adani Defence

Answer: Option D

Explanation:

The strategic cooperation agreement between Adani Defence and Aerospace and EDGE Group signifies a new era of collaboration and innovation in the defence and aerospace sectors. By combining their expertise and resources, these two powerhouses are poised to make significant strides in enhancing military capabilities and technological advancements. This partnership not only strengthens the defence ties between India and the UAE but also sets the stage for a more secure and technologically advanced future.