Daily Current Affairs Quiz: June 07, 2023

 ANSWER: C

 ANSWER: B

ANSWER: C

 ANSWER: C

• Bihar government has decided to sign an MoU with Geological Survey of India for conducting remote sensing and aerial survey of the southern part of the state to prove the presence of magnetite-bearing rocks as well as ultramafic rocks which usually host Chromite (Cr), Nickel (Ni), Platinum Group of Elements (PGE) and

ABOUT MAGNETITE

• Magnetite is an oxide of iron.
• It is the most magnetic of all the naturally occurring minerals on earth.
  • It is a natural magnet.
• Magnetite contains about 72% metallic iron.
• Magnetite is a black, opaque, magnetic mineral that leaves a black streak when rubbed across a hard rough surface.
• It is one of the most abundant metal oxides, and its crystal structure contains both the ferrous and ferric forms of iron ions.
  • It is often confused with hematite and ilmenite (Titanium).
• More often, magnetite occurs in its massive form, commonly called ‘lodestone’.

 ANSWER: A

• Morgan Stanley and Nomura in their recent assessments said that this decadal growth will be led by countries like India and from southeast Asia (Indonesia etc.).
• They reported that Asia’s flying geese model is back in operation.

ABOUT FLYING GEESE MODEL

• It is a theory of industrial development in latecomer economies, was developed in the 1930s by Japanese economist Kaname Akamatsu.
• It intends to explain the catching-up process of industrialization of latecomer economies, especially Japan and the East Asian Economies.
• This approach saw the US (on global scale) and Japan (in Asia) as the lead geese, followed by Asian emerging economies, resulting in their economic success.
• The regional development as per this model presupposes the existence of hierarchy, with a dominant economy acting as the growth centre and followed by other developing economies.

ANSWER: D

• The Union Minister of Ports, Shipping & Waterways flagged off MV Empress, India’s first international cruise vessel – from Chennai to Sri Lanka.
• The MV Empress will sail to three Sri Lankan ports: Hanbantota, Trincomalee, and Kankesanturei.
• An MoU was signed during the first Incredible India International Cruise Conference in 2022 between Chennai Port and M/S Waterways Leisure Tourism Pvt Ltd to start domestic and international cruise service.
• The government also plans to develop three new international cruise terminals in Andamans, Puducherry, and Lakshadweep, which are expected to be operational by 2024.

 ANSWER: B

• The Reserve Bank of India (RBI) launched the ‘100 Days 100 Pays’ Campaign for Return of Unclaimed Deposits.

• Balances in savings / current accounts which are not operated for 10 years, or term deposits not claimed within 10 years from date of maturity are classified as “Unclaimed Deposits”.
• These amounts are transferred by banks to “Depositor Education and Awareness” (DEA) Fund maintained by the Reserve Bank of India.
• The campaign is aimed for banks to trace and settle the top 100 unclaimed deposits of every bank in every district of the country within 100 days.

 ANSWER: A

• Reserve Bank of India (RBI) Governor Mr. Shaktikanta Das recently launched a Financial Inclusion Dashboard, named Antardrishti.
• The dashboard will provide the required insight to assess and monitor the progress of financial inclusion by capturing relevant parameters.
• The dashboard, presently intended for internal use in the RBI, will further facilitate greater financial inclusion through a multi-stakeholder approach.

 ANSWER: C

• It is an annual exercise conducted between the navies of India and Maldives.
• It aims to enhance interoperability in diving and special operations.
• Other exercises:
  • The Indian Army and the Maldives National Defence Forces have been conducting Exercise Ekuverin meaning ‘Friends’ since 2009.

 ANSWER: D

• World Food Safety day is celebrated on June 7^th annually across the globe to highlight the importance of maintaining food standards.
• The theme of World Food Safety Day 2023 is “Food standards save lives.”
• The inaugural World Food Safety Day was observed on June 7, 2019.

ANSWER: B

• President Droupadi Murmu was honoured with the Grand Order of the Chain of the Yellow Star, the highest civilian award in Suriname.
  • She is the first Indian to receive this award.

ANSWER: A

• Improved road connectivity has provided easy access to Kamrunag deity’s temple, a popular tourist destination, in Mandi district.
• Kamrunag temple is situated at a height of 3,334 metres.
• In front of the temple, there is a beautiful view of a lake, the Dhauladhar hills and the Balh valley.