HomeBusiness24 October 2024 Current Affairs

24 October 2024 Current Affairs

India and Germany Sign Labour Mobility Pact

India and Germany have officially signed a significant agreement on labor mobility and skill recognition. This pact aims to facilitate the movement of skilled professionals from India to Germany, introducing a digital visa system by the end of 2024. This agreement is part of the G20 framework for skills-based migration pathways.

RBI Action Against Navi Finserv and Other NBFCs

The Reserve Bank of India (RBI) has barred Navi Finserv and three other non-banking finance companies (NBFCs) from sanctioning and disbursing loans due to concerns over excessive interest rates charged to borrowers. This action is effective from October 21, 2024, and aims to protect consumers from predatory lending practices.

Mohanji Receives Humanitarian Award

Mohanji was honored with the Humanitarian Award at the 2024 Conscious Companies Awards held in Johannesburg, South Africa. This recognition celebrates his contributions to global humanitarian efforts and ethical leadership.

Launch of New Digital Payment Initiative

The Indian government has launched a new digital payment initiative aimed at promoting cashless transactions among small businesses. This initiative is part of a broader strategy to enhance financial inclusion across the country.

Green Energy Corridor Project Approved

The Indian government has approved a Green Energy Corridor project in Ladakh, aimed at facilitating the integration of renewable energy sources into the national grid. This project is expected to support a 13 GW renewable energy initiative in the region.

ISSF Athletes of the Year Announced

Yukun Liu and Yang Jin have been recognized as the ISSF (International Shooting Sport Federation) Athletes of the Year for their outstanding performances in shooting sports over the past year.

New Chief Minister Sworn In Haryana

Nayab Singh Saini has taken oath as the Chief Minister of Haryana, marking his second term in office. His appointment follows the recent state assembly elections where the BJP secured a significant victory.

Costa Serena Cruise Liner Flagged Off

The Costa Serena, an Italian cruise liner, was flagged off in India, enhancing travel and tourism prospects along the Indian coastline.

Sagar Kavach Coastal Security Exercise Conducted

The Indian Coast Guard conducted the Sagar Kavach Coastal Security Exercise in Daman, Diu, and Gujarat to enhance coastal defense readiness and coordination among maritime forces.

Khadi Swatantrata Ka Taana Baana Exhibition Inaugurated

An exhibition titled “Khadi Swatantrata Ka Taana Baana” was inaugurated in New Delhi, celebrating the rich heritage of Khadi and its role in India’s independence movement.

Discovery of New Orchid Species

A new orchid species named Crepidium assamicum has been discovered in Kaziranga National Park, Assam. This discovery highlights the biodiversity of the region and emphasizes the importance of conservation efforts.

Light House Tourism Conclave 2024 Held

The Light House Tourism Conclave 2024 was organized in Puri, focusing on promoting lighthouse tourism and its potential to boost local economies.

Haryana Implements Sub-Quota Within SC Quota

The Haryana government has introduced a sub-quota within the Scheduled Caste (SC) quota to provide equitable opportunities within the community.

International Day of Girl Child Observed

October 11 is recognized as the International Day of the Girl Child globally, emphasizing girls’ empowerment and addressing challenges they face worldwide.

Prabowo Subianto Takes Office as President of Indonesia

Prabowo Subianto has officially taken over as President of Indonesia, marking a new chapter in Indonesian politics with promises of reform and development.

Coal Gallery Inaugurated in New Delhi

A new coal gallery showcasing India’s coal resources was inaugurated in New Delhi to promote awareness about energy resources.

North Korea’s Amended Constitution Describes South Korea as Hostile

In its amended constitution, North Korea has described South Korea as hostile, reflecting ongoing tensions on the Korean Peninsula.

Here are 20 multiple-choice questions (MCQs) based on current affairs from October 24, 2024, along with their answers:

MCQs on Current Affairs

  1. Which significant agreement was signed between India and Germany on October 24, 2024?
    • A) Trade Agreement
    • B) Labour Mobility and Skill Recognition Pact
    • C) Environmental Cooperation Agreement
    • D) Defense Cooperation Agreement
      Answer: B) Labour Mobility and Skill Recognition Pact
  2. What new digital initiative did the Indian government launch to promote cashless transactions?
    • A) Digital India Program
    • B) Cashless India Initiative
    • C) Digital Payment Initiative for Small Businesses
    • D) E-Wallet Scheme
      Answer: C) Digital Payment Initiative for Small Businesses
  3. Who received the Humanitarian Award at the 2024 Conscious Companies Awards?
    • A) L Satya Srinivas
    • B) Mohanji
    • C) Vijaya Kishore Rahatkar
    • D) P K Singh
      Answer: B) Mohanji
  4. Where was the Light House Tourism Conclave 2024 held?
    • A) Mumbai
    • B) Puri
    • C) Goa
    • D) Chennai
      Answer: B) Puri
  5. Which new orchid species was discovered in Kaziranga National Park, Assam?
    • A) Coelogyne tripurensis
    • B) Crepidium assamicum
    • C) Paphiopedilum insigne
    • D) Vanda coerulea
      Answer: B) Crepidium assamicum
  6. What is the rank of India in the Economic Freedom Report 2024?
    • A) 95th
    • B) 105th
    • C) 115th
    • D) 125th
      Answer: B) 105th
  7. Who has been sworn in as the Chief Minister of Haryana recently?
    • A) Manohar Lal Khattar
    • B) Nayab Singh Saini
    • C) Abhay Singh Chautala
    • D) Bhupinder Singh Hooda
      Answer: B) Nayab Singh Saini
  8. What major environmental law was enacted by the European Union recently?
    • A) Climate Action Law
    • B) Nature Restoration Law
    • C) Biodiversity Protection Act
    • D) Green Deal Law
      Answer: B) Nature Restoration Law
  9. Which international cruise liner was recently flagged off in India?
    • A) Costa Luminosa
    • B) Costa Serena
    • C) Costa Fascinosa
    • D) Costa Mediterranea
      Answer: B) Costa Serena
  10. What exercise did the Indian Coast Guard conduct to enhance coastal security?
    • A) Ocean Shield Exercise
    • B) Sagar Kavach Coastal Security Exercise
    • C) Maritime Security Drill
    • D) Coastal Defense Exercise
      Answer: B) Sagar Kavach Coastal Security Exercise
  11. Which country’s President recently took office, marking a new political era?
    • A) Malaysia
    • B) Indonesia
    • C) Philippines
    • D) Thailand
      Answer: B) Indonesia
  12. What is the focus of the Green Energy Corridor project approved in Ladakh?
    • A) Fossil fuel integration
    • B) Renewable energy integration
    • C) Coal production
    • D) Traditional energy systems
      Answer: B) Renewable energy integration
  13. Which athletes were recognized as ISSF Athletes of the Year for their achievements in shooting sports?
    • A) Abhinav Bindra and Gagan Narang
    • B) Yukun Liu and Yang Jin
    • C) Jin Jong-oh and Matthew Emmons
    • D) Oleksandr Petriv and Sergey Kamenskiy
      Answer: B) Yukun Liu and Yang Jin
  14. What significant action did Indian Railways take regarding ticket reservations recently?
    • A) Increased from 60 days to 120 days
    • B) Reduced from 120 days to 60 days
    • C) Remained unchanged at 90 days
    • D) Increased to 180 days
      Answer: B) Reduced from 120 days to 60 days
  15. Where was the All India Civil Defence and Home Guards conference held recently?
    • A) New Delhi
    • B ) Mumbai
    • C ) Kolkata
    • D ) Chennai
      Answer: A ) New Delhi
  16. Which country has been described as hostile by North Korea in its amended constitution?
    – A ) Japan
    – B ) America
    – C ) Singapore
    – D ) South Korea
    Answer: D ) South Korea
  17. What exhibition celebrating Khadi’s heritage was inaugurated in New Delhi?
    – A ) Khadi: The Fabric of Freedom
    – B ) Khadi Swatantrata Ka Taana Baana
    – C ) Khadi: Threads of Independence
    – D ) Khadi: Weaving History
    Answer: B ) Khadi Swatantrata Ka Taana Baana
  18. What is a key feature of the new labour mobility pact between India and Germany?
    – A ) Increased tourism opportunities
    – B ) Streamlined processes for skilled migration
    – C ) Joint military exercises
    – D ) Cultural exchange initiatives
    Answer: B ) Streamlined processes for skilled migration
  19. Which state’s Chief Minister handed over draft rules for implementing the Uniform Civil Code?
    – A ) Bihar
    – B ) Assam
    – C ) Uttar Pradesh
    – D ) Goa
    Answer: B ) Assam
  20. What is one of the goals of the recent Green Energy Corridor project approved in Ladakh?
    – A ) To promote fossil fuels
    – B ) To develop renewable energy sources
    – C ) To improve coal production
    – D ) To enhance traditional energy systems
    Answer: B ) To develop renewable energy sources

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