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[11th October 2022 ]Monthly Current Affairs PDF Download
Hello Students,
Daily GK updates are incorporated with the important news that made the current affairs headlines for banking or other competitive exams. Daily GK Update is the complete bag of important news that is held all day long. One should have complete knowledge about banking terms, current affairs news, etc. So, here is the GK update for 11th October 2022 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.
Here is the Daily GK Update of the 11th October 2022 covering the following news headlines: International Day of the Girl Child, 36th National Games, Cristiano Ronaldo, ICC Player of the Month, Indian Air Force, Space Economy.
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National News
1. Space Economy To Touch 13 Billion $ By 2025
- India’s space economy is likely to be worth nearly $13 billion by 2025, with the satellite launch services segment set to witness the fastest growth due to increasing private participation, according to a report released .
- India’s space economy was pegged at $9.6 billion in 2020 and is expected to touch $12.8 billion by 2025, according to the report titled ‘Developing the Space Ecosystem in India: Focusing on Inclusive Growth’.
- In dollar terms, the satellite services and applications segment would be the largest with a turnover of $4.6 billion by 2025, followed by ground segment at $4 billion. The satellite manufacturing stands at $3.2 billion and launch services at $1 billion.
2. Pakistan To Take Part In The SCO Anti-Terror Exercise Hosted By India
- Pakistan has confirmed that it will attend the Shanghai cooperation organisation’s anti-terror exercises in India. Pakistan, which is a part of SCO will take part in counter-terror drills in Haryana’s Manesar in October. These exercises will be conducted under the ambit of the SCO regional anti-terrorism structure (RATS).
- A three-member Pakistani delegation will take part in the meeting in Delhi. While the SCO as a grouping came into existence in 2001, India and Pakistan became members of it in 2017.
3. “Mahakal Lok” 900 m long in MP’s Ujjain to be opened by PM
- “Mahakal Lok” corridor first phase of Mahakaleshwar Temple in the city of Ujjain in Madhya Pradesh, is scheduled to open by Prime Minister Narendra Modi. Shivraj Singh Chouhan, the chief minister of Madhya Pradesh, examined the Mahakal Lok’s opening preparations.
- The “Mahakal Lok” over 900-meter-long corridor’s first phase was officially opened as part of the $856 million Mahakaleshwar Temple corridor development project.
- The cost to create the corridor was 316 crore.
- The old Rudrasagar Lake, which has also been revitalised as part of the development project around the historic Mahakaleshwar Temple, will be skirted by the Mahakal Lok.
- Two imposing gateways – Nandi Dwar and Pinaki Dwar – have been erected near the beginning of the corridor, which winds its way to the temple’s entrance and provides an aesthetic view along the way.
- A 108-pillar colonnade with artistically carved sandstones has been constructed. On the decorative pillars, artisans and artists primarily from Rajasthan, Gujarat, and Orissa have laboured.
4. Nitin Gadkari inaugurated Indian Roads Congress in Lucknow
- Union Minister of Road Transport and Highways Nitin Gadkari inaugurated the 81st annual session of the Indian roads Congress in Lucknow. He was accompanied by the Chief Minister of Uttar Pradesh Yogi Adityanath.
- On the occasion, he highlighted the aims and dreams of Prime Minister Narendra Modi to make the Indian economy number one in the world, for which good infrastructure is necessary. The new ideas and initiatives by the IRC will help India to achieve it.
State News
5. PM Narendra Modi declared Gujarat’s Modhera as first 24×7 solar-powered village
- Prime Minister Narendra Modi has declared Modhera village in poll-bound Gujarat as the country’s first 24×7 solar-powered village. Modhera, which is famous for a centuries-old Sun temple built during the Chalukya, will also be known as a “solar-powered village”.
- Modi, who is on a three-day visit to Gujarat, will inaugurate various development projects worth more than ₹14,600 crores. Assembly elections in the Bharatiya Janata Party-ruled Gujarat are scheduled to be held by the end of this year.
- The Modhera village is located 25 km from the Mehsana district of Gurajat, and about 100 km from the state capital of Gandhinagar. The village has a ground-mounted solar power plant, and over 1,300 rooftop solar systems with 1kW capacity have been installed on houses to generate electricity.
Important takeaways for all competitive exams:
- Gujarat Capital: Gandhinagar;
- Gujarat Governor: Acharya Devvrat;
- Gujarat Chief minister: Bhupendrabhai Patel.
Appointments News
6. Association of Mutual Funds in India: A Balasubramanian re-elected as Chairman
- A Balasubramanian has been re-elected as the chairman of the Association of Mutual Funds in India (AMFI), and Radhika Gupta as the vice-chairperson of the industry body. As the chairman of AMFI, A Balasubramanian will also continue as the ex-officio chairman of the AMFI Financial Literacy Committee.
- The chairman and the vice-chairperson will hold office until the conclusion of the 28th AGM.
- At the recently conducted board meeting of AMFI, post the 27th annual general meeting (AGM) held in September, Vishal Kapoor (chief executive officer, IDFC Asset Management Co. Ltd.) has been re-elected as the chairman of the AMFI Committee of Certified Distributors, while Sundeep Sikka (ED & CEO, Nippon Life India Asset Management Ltd.) has been elected as chairman of AMFI ETF Committee.
Important Takeaways For All Competitive Exams:
- AMFI Founded: 22 August 1995;
- AMFI CEO: N.S.Venkatesh (23 Oct 2017–);
- AMFI Headquarters: Mumbai.
Agreements News
7. NSIC and Utkarsh Small Finance Bank signs MoU
- NSIC and Utkarsh Small Finance Bank signs MoU: The National Small Industries Corporation Ltd. (NSIC), a Government of India Enterprise under the Ministry of MSME, signed a Memorandum of Understanding (MoU) with the Utkarsh Small Finance Bank.
- This Memorandum of Understanding with the banks intends to assist MSMEs with their lending needs.
- The MoU was signed in the presence of Sh. Gaurang Dixit, CMD, NSIC, and Sh. P.R. Kumar, Chief General Manager, NSIC, and Sh. Manoj M.A., Business Head of the bank.
- Himani Shali, the Chief Manager, was also present (Bank Tie Up).
Important Takeaways for All Competitive Exams:
- NSIC Chairman: P Udayakumar
- Utkarsh Small Finance Bank MD & CEO: Govind Singh
- CMD, NSIC: Sh. Gaurang Dixit
- Minister of Micro, Small and Medium Enterprises(MSME): Narayan Rane
8. India-US Announce Launch of New Energy Storage Task Force
- India and US announced the launch of a new energy task force to support the large-scale integration of renewable energy needed to support the clean energy transition. The announcement will strengthen the India-US partnership in the critical energy sector to new levels.
- There was also a bilateral meeting between Union Minister of Petroleum and Natural Gas Hardeep Singh Puri and US Energy Secretary Jennifer Granholm, after which the announcement was made.
Defence News
9. Indian Air Force: Weapon systems branch approved for first time
- On the occasion of the 90th anniversary of the Indian Air Force (IAF), the Centre has approved the creation of a weapon system branch for IAF officers. This is the first time since independence that a new operational branch has been created.
- This will essentially be for manning of four specialised streams of Surface to Surface missiles, Surface to Air Missiles, Remotely Piloted Aircraft and Weapon System Operators in twin and multi-crew aircraft.
- The creation of this branch would entail the unification of all weapon system operators under one entity dedicated to the operational employment of all ground-based and specialist airborne weapon systems.
10. China More Self-Reliant in Defence Production, Outranks India by Massive Margin
- India stands at fourth position among 12 countries of the Indo-Pacific in self-reliant defence production, says a study by the Stockholm International Peace Research Institute (SIPRI) that assessed self-reliance in arms production.
- China dominated the list leaving others behind by a long margin. China dominates the ranking, reaching a self-reliance score more than two and a half times higher than Japans,” the study by Stockholm International Peace Research Institute (SIPRI), a think tank on global security issues says.
- The study covered Australia, China, India, Indonesia, Japan, South Korea, Malaysia, Pakistan, Singapore, Taiwan, Thailand and Vietnam. Vietnam could not be included in the final ranking due to a lack of data.
11. Indian Army celebrated 73rd Raising Day of Territorial Army
- Indian Army celebrated the 73rd Raising Day of Territorial Army on 9th October 2022. The Raising Day of the Territorial Army is celebrated to commemorate its raising by the first Governor General Shri C Rajagopalachari on this day in 1949.
- On the 73rd Raising Day Lieutenant General Preet Mohinder Singh, Director General of the Territorial Army paid tribute to the fallen heroes of the Territorial Army by laying a wreath at the National War Memorial.
12. India hosts SCO joint anti-terror drill to enhance operational capabilities
- The National Security Guard (NSG) is hosting the Multinational Joint Anti-Terror Exercise (JATE) under the Shanghai Cooperation Organization (SCO) Regional Anti-Terrorist Structure (RATS) at NSG Manesar Garrison. Stage 1 of the exercise was conducted from 27th July to 1st August 2022 by the National Terrorist Forces of SCO Members Countries in their respective territories.
- The Exercise aims to exchange expertise, and best practices, and build synergies between counter Terrorism Forces of the SCO RATS member countries.
- The second phase of the exercise will be conducted from 8th October 2022 to 13th October 2022.
Ranks and Reports News
13. MHA: Jharkhand and West Bengal topped in worst state list in terms of child marriage
- According to the latest demographic sample survey by the Union Home Ministry, the survey was brought out by the office of the Registrar General and Census Commissioner, Ministry of Home Affairs.
- It was conducted in 2020 and the report was published late last month. The Sample Registration System (SRS) Statistical Report contains estimates of various demographic, fertility and mortality indicators based on the data collected through one of the largest demographic surveys in the world covering about 8.4 million sample population.
- Despite being renowned for its mines reserves, the state of Jharkhand has earned the disrepute of having the highest percentage of underage girls getting married. The percentage of girls getting married before attaining majority is as high as 5.8 in Jharkhand.
- Not only Jharkhand, West Bengal to has enough in its tally as more than half of the women are married before attaining the age of 21 years in the state.
Summits and Conferences News
14. Agni Tattva campaign first seminar under LiFE mission held in Leh
- Agni Tattva campaign: Agni Tattva campaign to raise awareness under LiFE – Lifestyle for the Environment is now being carried out by Power Foundation of India in collaboration with Vijnana Bharati (VIBHA).
- The goal of this campaign, which involves educational institutions, local communities, and pertinent organisations, is to raise awareness of the central idea of Agni Tattva, one of the five elements of Panchmahabhoot and a symbol of energy. It will be done by holding conferences, seminars, events, and exhibitions across the nation.
Sports News
15. Harmanpreet Kaur and Mohammed Rizwan seal ICC Player of the Month crowns for September
- The International Cricket Council (ICC) has announced the winners of the ICC Player of the Month awards for September 2022. India’s inspirational captain Harmanpreet Kaur is named the recipient of the ICC Women’s Player of the Month award, While Pakistan ace Mohammad Rizwan claims the ICC Men’s Player of the Month award.
- Harmanpreet Kaur becomes India’s first winner of the ICC Women’s Player of the Month. The India skipper was at her brilliant best during the ODI series, scoring 221 runs across the three matches, maintaining a strike rate of 103.47 and only being dismissed once.
- Mohammad Rizwan secures his first-ever ICC Men’s Player of the Month crown after a remarkable spell of scoring throughout September and sees him overcome fellow nominees Cameron Green (Australia) and Axar Patel (India) to the prize.
Important takeaways for all competitive exams:
- ICC Founded: 15 June 1909;
- ICC Chairman: Greg Barclay;
- ICC CEO: Geoff Allardice;
- ICC Headquarters: Dubai, United Arab Emirates.
16. Cristiano Ronaldo reached record 700 club career goals
- Cristiano Ronaldo reached another historic landmark in his extraordinary career by scoring his 700th club goal to seal Manchester United’s comeback win over Everton.
- The 37-year-old Portuguese forward becomes the first and only player in this present generation to score seven times a hundred goals in football history.
- His 700th club goal extends his tally over Lionel Messi with Argentina forward scoring 691 goals for Fc Barcelona and Paris Saint Germain.
17. 37th National Games: Goa to host Games in October 2023
- The Indian Olympic Association has confirmed that Goa will host the 37th edition of the National Games in October next year. The state government of Goa also conveyed its in-principle approval to IOA to host the National Games in 2023.
- The Goa delegation may receive the IOA flag at the Closing Ceremony of the 36th National Games on 12th October 2022 in Surat, Gujarat.
- The 37th National Games will be decided to keep in view of the dates of the 19th Asian Games, which will be held from 23rd September to 8th October 2022 in Hangzhou, China.
Important Takeaways For All Competitive Exams:
- Goa Capital: Panaji;
- Goa Chief Minister: Pramod Sawant;
- Goa Governor: S. Sreedharan Pillai.
18. 36th National Games: Pooja Patel becomes first athlete to win Gold in Yogasana
- At the 36th National Games, Pooja Patel of Gujarat has become the first athlete to win gold in Yogasana. Yogasana is one of the five sports to be played at the National Games this year for the first time.
- This Indian indigenous sport made its debut at the Khelo India University Games earlier this year. The word yogasana is derived from two Sanskrit words, Yuj meaning unite and Asana meaning body postures.
- Yogasana is a sport that focuses on the physical aspect of yoga, where players have to perform yogic postures and are judged on their difficulty, balance, control, flexibility and endurance.
Important Days
19. International Day of the Girl Child observed on 11th October
- International Day of the Girl Child is observed on October 11 to raise awareness about the importance and potential girls hold as the future of our society. In 2022, we commemorate the 10th anniversary of the International Day of the Girl (IDG).
- The International Day of the Girl Child focuses attention on the need to address the challenges girls face and to promote girls’ empowerment and the fulfilment of their human rights.
- This year’s theme for the International Day of the Girl Child is “Our time is now—our rights, our future”. The focus is on the multitude of challenges put in front of girls’ path to reach their potential.
Miscellaneous News
20. Hero MotoCorp Launched EV Scooter Vida V1 in India
- Hero MotoCorp launched Vida V1 Electric Scooter in India. The Vida V1 Electric Scooter is commenced to be booked for Rs 2,499 in India. The bookings are open for Delhi, Jaipur, and Bengaluru only.
- The Hero Motocorp, Vida V1 Electric Scooter will be available in phases for the customers and deliveries will start in the second week of December 2022. The Vida V1 is highly customizable and comes in two variants, VIDA V1 Plus and VIDA V1 Pro.
- There are two variants of the Vida V1 Electric Scooter, VIDA V1 Plus and VIDA V1 Pro which are available for Rs 1,45,000 and Rs 1,59,000 respectively.
- The two variants of electric scooters are highly versatile with a top speed of 80 kmph and a charging time of 1.2 km/min.
- The Vida V1 Pro has a range of 165 km whereas Vida V1 Plus has a range of 143 km.
- Hero MotoCrop aims to build the EV category and grow its scale.
- The Hero MotoCrop has launched the Vida V1, VIDA Platform, and VIDA Services.
Current Affairs Quiz
Q1. Shri Shaktikanta Das, launched a new SupTech initiative named DAKSH for which of the following purpose for RBI?
(a) Check issuance of Bank notes and Coins
(b) Supervisory Purpose
(c) Automation process for checking inflation
(d) Automation process for controlling credit flow
(e) Manage foreign reserves
Q2. The Central Government has appointed who among the following as the Presiding Officer of the Unlawful Activities (Prevention) Tribunal which will review the ban imposed on the Popular Front of India (PFI) and its affiliated organisations?
(a) Justice Dinesh Kumar Sharma
(b) Justice Satish Chandra Sharma
(c) Justice Siddharth Mridul
(d) Justice V. Kameswar Rao
(e) Justice Yashwant Varma
Q3. In October 2022, the World Bank slashed its growth estimate for India by one percentage point to ____________ for FY23.
(a) 6.5%
(b) 6.3%
(c) 7.2%
(d) 7.5%
(e) 7%
Q4. The Center for Civil Liberties (CLL) of which of the following country was awarded the 2022 Nobel Peace Prize?
(a) Russia
(b) Belarus
(c) Ukraine
(d) Poland
(e) Syria
Q5. Indian Air Force was raised on October 8, ______, and it is completing 90 years today.
(a) 1931
(b) 1932
(c) 1933
(d) 1934
(e) 1935
Q6. World Migratory Bird Day has been commemorated twice a year. This year, it was previously celebrated on 14 May and for the second time, the world marks this day again, ______.
(a) 5 October
(b) 6 October
(c) 7 October
(d) 8 October
(e) 9 October
Q7. What is the theme of World Cotton Day 2022?
(a) Cotton: The Fibre that Moves Me
(b) Cotton is renewable and bio-degradable
(c) Cotton for Good
(d) Weaving a better future for cotton
(e) NEW-LOOK COTTON
Q8. HDFC Life has launched the ‘Insure India’ campaign that is aimed at educating Indians on the benefits of life insurance as a product category. HDFC life is a joint venture between HDFC Bank and which of the following?
(a) Morgan Stanley
(b) JPMorgan Chase
(c) Abrdn mauritius holdings 2006
(d) BlackRock
(e) State Street Global Advisors
Q9. Who among the following has been appointed as CEO of Bank of India Mutual Funds?
(a) Rajendra Gupta
(b) Vipin Joshi
(c) Mohit Bhatia
(d) Soni Thakur
(e) Jaspreet Kaur
Q10. What is the theme of World Cerebral Palsy Day 2022?
(a) Promotes inclusion One of the big goals
(b) Navigating crises
(c) Secure Future
(d) Millions of Reasons
(e) Goble Sign
Solutions
S1. Ans.(b)
Sol. Shri Shaktikanta Das, Governor, launched a new SupTech initiative named DAKSH – Reserve Bank’s Advanced Supervisory Monitoring System”, which is expected to make the Supervisory processes more robust. DAKSH means ‘efficient’ & ‘competent’, reflecting the underlying capabilities of the application.
S2. Ans.(a)
Sol. The Central Government has appointed Delhi High Court judge Justice Dinesh Kumar Sharma as the Presiding Officer of the Unlawful Activities (Prevention) Tribunal which will review the ban imposed on the Popular Front of India (PFI) and its affiliated organisations.
S3. Ans.(a)
Sol. The World Bank slashed its growth estimate for India by one percentage point to 6.5 per cent for FY23, citing the blowback of the Russia-Ukraine war and ongoing global monetary policy tightening.
S4. Ans.(c)
Sol. The Norwegian Nobel Committee declared Belarusian activist Ales Bialiatski, Russian human rights organisation Memorial, and the Ukrainian NGO Center for Civil Liberties (CLL) as the winners of the 2022 Nobel Peace Prize. The three of them have been awarded for “outstanding effort to document war crimes, human rights abuses, and abuse of power”.
S5. Ans.(b)
Sol. Indian Air Force was raised on October 8, 1932, and it is completing 90 years today. The day and its observance is a matter of pride for Indians and inspire a patriotic zeal among the citizenry for the air arm of the Indian Armed Forces.
S6. Ans.(d)
Sol. Since its creation in 2006, World Migratory Bird Day has been commemorated twice a year. It is supposed to be celebrated on the second Saturday of May and the second Saturday of October. This year, it was previously celebrated on 14 May and for the second time, the world marks this day again today, 8 October.
S7. Ans.(d)
Sol. The theme for 2022’s celebration of World Cotton Day appears to be “Weaving a better future for cotton,” as apparent from the posters released by the Food and Agriculture Organisation of the United Nations (FAO).
S8. Ans.(c)
Sol. HDFC Life, one of India’s leading life insurers has launched the ‘Insure India’ campaign that is aimed at educating Indians on the benefits of life insurance as a product category. The objective of this campaign is to educate Indians about life insurance thereby motivating them to secure their future with this unique financial product that offers benefits.
S9. Ans.(c)
Sol. Bank of India Mutual Fund (BoI MF) has appointed Mohit Bhatia as the new CEO. Mohit has over 26 years of experience in the financial services industry largely in the mutual fund business.
S10. Ans.(d)
Sol. The Theme for World Cerebral Palsy Day 2022 is “Millions of Reasons”. This year’s them highlights that there are 17 million people all over the world who are suffering from the cerebral palsy disorder.
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