Daily Current Affairs MCQs : 2 May 2024 - Bank Exams MCQ

Indonesia’s Mount Ruang volcano erupted multiple times, prompting the highest alert level and evacuation orders for thousands due to potential tsunami risks. The country’s volcanology agency cautioned that the threat persists after over half a dozen eruptions this month, leading to the evacuation of over 6,000 individuals.

India and Croatia convened their 11th Foreign Office Consultations in New Delhi. Discussions encompassed regional and global concerns, emphasizing bilateral relations’ enhancement in trade, defense, science, tourism, and culture. Cultural and people-to-people exchanges were underscored. Indian Secretary Pavan Kapoor and Croatian Director General Dr. Petar Mihatov led the respective delegations. They also deliberated on international cooperation, emphasizing the India-EU Free Trade Agreement’s timely conclusion.

NHPC Limited, India’s premier hydropower developer, has inked a Memorandum of Understanding with Ocean Sun, a Norwegian tech firm specializing in floating solar solutions. The agreement aims to explore joint ventures in deploying Ocean Sun’s innovative floating solar technology, utilizing hydro-elastic membranes. NHPC’s commitment to sustainable development and renewable energy expansion is reinforced through this partnership, aligning with its portfolio diversification into solar, wind, and green hydrogen projects.

Every year, May 1st marks International Labour Day, celebrated worldwide, including in India, to honor the contributions of the labor movement. Originating from the 1886 Chicago labor strike demanding an eight-hour workday, it gained significance after the Haymarket incident. In 1889, leaders from twenty nations established it as International Labour Day. The 2024 theme focuses on workplace safety and health amidst climate change, emphasizing ongoing challenges faced by workers globally.

The Defence Research and Development Organisation (DRDO) conducted a successful test of the Supersonic Missile-Assisted Release of Torpedo (SMART) system on May 1, 2024, from Dr APJ Abdul Kalam Island, Odisha coast. The test validated advanced mechanisms like symmetric separation and velocity control. Defence Minister Rajnath Singh and DRDO chief Dr Samir V Kamat praised the SMART team. SMART is a next-gen lightweight torpedo delivery system boosting Indian Navy’s anti-submarine capabilities, featuring a supersonic missile carrier with a 643 km range and a 20 km lightweight torpedo.

The Department of Public Enterprises has bestowed Navratna status upon the Indian Renewable Energy Development Agency Limited (IREDA). Established in 1987 under the Ministry of New and Renewable Energy, IREDA functions as a Non-Banking Financial Institution. The Navratna status is awarded based on specific criteria including consistent high performance, such as achieving ‘excellent’ or ‘very good’ ratings in MoUs for three out of the last five years and a composite score of 60 or above in selected performance indicators.

Preliminary data from NASA’s James Webb Space Telescope (JWST) suggests a more than 50% likelihood of dimethyl sulfide (DMS) gas on the exoplanet K2-18b. However, further analysis is required before a definitive conclusion can be reached. DMS is a gas that is only produced by living beings on Earth, primarily by phytoplankton in marine environments. The presence of DMS in K2-18b’s atmosphere could be a groundbreaking discovery, as the planet is believed to be ocean-covered and 2.6 times larger than Earth. K2-18b, discovered in 2015, is a super Earth exoplanet orbiting an M-type star. M stars, smaller and cooler than the sun, comprise the Red Dwarf category. K2-18b resides in the Goldilocks zone, where temperatures sustain liquid water.

The National Bank for Agriculture and Rural Development (NABARD) recently sanctioned a study on the impact evaluation of Geographical Indication (GI) products to Symbiosis School of Economics. A GI is a sign used on products that have a specific geographical origin and possess qualities or a reputation that are due to that origin. The protection of intellectual property through laws will help to reap benefits in terms of economic growth, employment and income generation.

China demands removal of the Sierra Madre ship, rejected by the Philippines. Commissioned in 1944 for WWII, it served in Vietnam before being transferred to the Philippines in 1976. It was positioned deliberately in 1999 at Second Thomas Shoal, part of the disputed Spratly Islands, to reinforce territorial claims. China’s ships and water cannons threaten supply boats in the area. Removal risks weakening Philippines’ claims and bolstering Chinese presence.

Krishna M Ella, co-founder of Bharat Biotech, now heads the Indian Vaccine Manufacturers Association (IVMA) for 2024-2026. He succeeds Adar C Poonawalla, CEO of Serum Institute of India (SII). Ella aims to enhance collaboration among vaccine manufacturers, researchers, and policymakers to expedite vaccine development and bolster production. IVMA also prioritizes enabling access to affordable vaccines in developing nations. SII, under Poonawalla, pioneered the Covishield vaccine during the Covid-19 pandemic.