Daily Current Affairs November 04

Dear Champions, as you all know that a lot of competitive exams have been notified consequently. Candidates have to prepare themselves according to the level of competition and expectation of the Recruitment board. Regarding that one of the most important topic is Daily Current Affairs November 04. Current Affairs in the form of contemporary events of national & international play a crucial role in almost every competitive exams like Banking, Insurance, SSC, UPSC, TNPSC, Railway etc.

Current affairs are the most dynamic yet scoring among all sections and need to be prepared from the right source. Here, we cafunsta team, providing Daily GK Updates, Current Affairs Questions, and Monthly  current affairs pdf.

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November 04 | Daily Current Affairs 2024

Important Days – Daily Current Affairs November 04

1. World Tsunami Awareness Day, celebrated on November 5, was established by the United Nations in which year?
A) 2000
B) 2015
C) 2010
D) 2005
E) 2020
Answer: B) 2015

Explanation:

• Event: World Tsunami Awareness Day
• Date: November 5 (annually)
• Established By: United Nations General Assembly in 2015

Significance and History:

• Established to increase global awareness of the risks associated with tsunamis.
• Objective: Encourage early warning systems and education for disaster preparedness.
• Historical Roots: Observes the 1854 incident in Japan, where Hamaguchi Goryō saved villagers from a tsunami by burning rice sheaves to warn them.

Themes and Activities:

• Each year highlights a unique theme focusing on preparedness. For instance, the 2022 theme was #GetToHighGround.
• Activities: Communities engage in evacuation drills, educational events, and social media campaigns on tsunami safety.

Important Terms Explained:

• Early Warning System: System for rapid tsunami alerts to allow timely evacuation.
• Disaster Risk Reduction (DRR): Strategies aimed at minimizing disaster impact through community awareness and preparation.
• Intergovernmental Oceanographic Commission (IOC): UNESCO agency focusing on tsunami risk assessment and cooperative preparedness strategies.

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2. What is the name of the mascot launched by Coal India Limited on its 50th Foundation Day?
A) Agni
B) Bharat
C) Vikas
D) Angara
E) Shakti
Answer: D) Angara

Event:

• Event: Coal India Limited’s 50th Foundation Day Celebration
• Date: November 3, 2024
• Location: CIL Headquarters, Kolkata

Mandates and Objectives:

• Purpose: Mark 50 years of CIL’s operations and outline its vision for sustainable growth aligned with Viksit Bharat.
• Chief Guest: Union Minister of Coal and Mines, Shri G. Kishan Reddy; Guest of Honour: Shri Vikram Dev Dutt, Secretary of the Ministry of Coal.
• Mascot Launch: The mascot “Angara”, inspired by the Royal Bengal Tiger, embodies the courage and strength of coal miners.
• Logo Unveiling: The Golden Jubilee logo was introduced to symbolize CIL’s pivotal role in India’s energy security and commitment to sustainability.

Key Announcements:

• Performance Linked Incentives (PLI): Implemented for contractual workers from FY 2023-24, acknowledging their contribution to CIL’s productivity.
• Mine Closure Portal: Introduced for efficient management of mine closures and environmental responsibility.
• Solar Power Initiative: A 50 MW solar plant will be developed at the Nigahi project of Northern Coalfields Limited, with a budget of ₹250 crores, expected to generate 49 million units of electricity.

Significant Policies and Acts:

• Coal Mines Special Provision (CMSP) Act, 2015: Established under PM Modi’s leadership for transparent coal mine allocation and to enable commercial mining.
• Commercial Coal Mining (2020): Aimed at enhancing transparency, business ease, and investment attraction within the coal sector.

Important Terms Explained:

• Performance Linked Incentive (PLI): An incentive system rewarding productivity improvements for workers.
• Viksit Bharat Initiative: A vision to promote sustainable development in various sectors for a prosperous India.
• Mine Closure Portal: A dedicated platform to manage and monitor ecological and social impacts of mine closures.

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Banking and Finance – Daily Current Affairs November 04

3. Indian Overseas Bank (IOB) recently launched an online Re-KYC service for customers. Through which of the following methods can customers update their KYC information?
A) IOB mobile app, SMS, call
B) IOB website, SMS, email
C) IOB website, email, call
D) IOB website, mobile app, SMS
E) IOB mobile app, email, call
Answer: B) IOB website, SMS, email

Event:

• Event: Launch of Online Re-KYC Service by Indian Overseas Bank (IOB)
• Date: November 4, 2024

Mandates and Objectives:

• Objective: Facilitate a hassle-free KYC update process for customers, reducing branch dependency.
• Service Details: This online Re-KYC service allows customers to update their KYC information through three channels:
  • Website: Customers can visit the IOB website (www.iob.in), go to the Self-Service Digital Hub, select “Re-KYC,” and follow prompts.
  • SMS: Customers send an SMS in the format “REKYC <Space> CIF ID” to 9643-01-9643.
  • Email: Customers email their Re-KYC request with the subject “REKYC <Space> CIF ID” to rekyc@iob.in from their registered email address.

Important Terms Explained:

• Re-KYC: A process for customers to update their KYC (Know Your Customer) details with the bank without resubmitting full documents, applicable when existing documents remain valid.
• CIF ID: A Customer Information File ID, unique to each customer, required for KYC updates.

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Appointments – Daily Current Affairs November 04

4. India has been re-elected as President of the International Solar Alliance (ISA) for how many years?
A) 1 year
B) 2 years
C) 3 years
D) 4 years
E) 5 years
Answer: B) 2 years

Event:

• Event: India Re-elected as President of the International Solar Alliance (ISA)
• Location: New Delhi, India
• Date: November 4, 2024

Mandates and Objectives:

• ISA Leadership: India re-elected as President, and France retained as Vice-President of ISA.
• Tenure: India’s presidency will continue for two years until 2026.
• Director General: Ashish Khanna will assume office as ISA’s third Director General in March 2025, following Ajay Mathur.

Seventh ISA Assembly:

• Purpose: The ISA Assembly is the apex decision-making body, representing all 120 member countries and setting guidelines for the ISA’s initiatives.
• Key Focus Areas:
  • Energy Access: Ensuring solar power accessibility in least developed countries.
  • Energy Security and Transition: Advancing renewable energy as part of a global shift from fossil fuels.
• Notable Discussions:
  • Viability Gap Funding (VGF) Scheme: Provides grants covering 10-35% of solar project costs in Least Developed Countries (LDCs) and Small Island Developing States (SIDS). Annual budget for VGF is $1.5 million.
  • Women’s Participation: Promoting greater involvement of women in ISA initiatives across member nations.

Important Terms Explained:

• International Solar Alliance (ISA): A coalition of solar-rich countries promoting sustainable solar energy solutions globally.
• Viability Gap Funding (VGF): A financial mechanism providing grants to bridge funding gaps in renewable energy projects, promoting solar development in vulnerable regions.

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5. Who has been appointed as the new Chairman of Yamaha Motor India Group?
A) Hiroshi Ito
B) Masaki Asano
C) Itaru Otani
D) Kazuo Yano
E) Shingo Kimura
Answer: C) Itaru Otani

Event:

• Event: Appointment of Itaru Otani as Chairman of Yamaha Motor India Group
• Date: Announced in November 2024

Mandates and Objectives:

• New Role: Mr. Itaru Otani appointed as Chairman of Yamaha Motor India Group, bringing over 30 years of global experience within Yamaha Motor Company.
• Expertise: Otani has held leadership roles in Australia, Brazil, and Japan, with a focus on Motorcycle Business Operations, covering Sales, Marketing, and Corporate Strategy.
• Vision for India: He aims to expand Yamaha’s footprint by focusing on stylish, sporty two-wheelers that meet the evolving needs of Indian consumers under the “The Call of the Blue” brand campaign.

Key Objectives:

• Product Innovation: Introduce products that combine Yamaha’s global expertise with Indian market needs.
• Market Leadership: Enhance Yamaha’s position in India’s dynamic two-wheeler market through innovative design and high-quality offerings.

Important Terms Explained:

• The Call of the Blue: Yamaha’s branding campaign aimed at promoting exciting and stylish two-wheelers, aligning with Yamaha’s brand image globally and resonating with Indian consumers.

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Science and Technology – Daily Current Affairs November 04

6. IIT Madras Pravartak Technologies Foundation partnered with which initiative to launch a semiconductor industry training program?
A) NPTEL
B) SWAYAM Plus
C) PMKVY
D) Digital India
E) Atal Innovation Mission
Answer: B) SWAYAM Plus

Event:

• Event: Launch of Semiconductor Industry Training Program
• Location: IIT Madras

Mandates and Objectives:

• Objective: Equip students and graduates with practical skills in the semiconductor field to meet industry demands.
• Partnership: Collaboration between IIT Madras Pravartak Technologies Foundation and SWAYAM Plus, an initiative of the Union Education Ministry.
• Target Audience: Designed for students in Engineering and Science disciplines such as Electronics, Electrical, Mechanical, Manufacturing, and Production.

Key Goals:

• Skill Development: Train participants in semiconductor manufacturing and industry applications.
• Career Inspiration: Encourage young talent to pursue careers in electronics and scientific problem-solving aligned with societal and sustainable growth needs.

Important Terms Explained:

• Semiconductor Industry: A critical sector focused on manufacturing chips and electronic components essential in devices and modern technologies.
• SWAYAM Plus: An online education platform by the Union Education Ministry providing accessible learning resources, particularly for specialized training and professional development.

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7. HCLTech is launching a new AI Lab in which country in partnership with the Economic Development Board (EDB)?
A) India
B) United States
C) Germany
D) Singapore
E) United Kingdom
Answer: D) Singapore

Event:

• Event: HCLTech to Launch AI Lab in Singapore
• Location: Singapore

Mandates and Objectives:

• Objective: Establish a cutting-edge AI and Cloud Native Lab to advance AI innovations and strengthen digital capabilities.
• Partners: HCLTech is collaborating with Singapore’s Economic Development Board (EDB) to set up the lab.
• Timeline: The lab is expected to open in 2025 and will be HCLTech’s fifth global AI facility.
• Global Presence: This new lab in Singapore joins existing HCLTech AI facilities in the US, UK, Germany, and India.

Key Goals:

• Regional Expansion: Singapore lab will serve as a hub for HCLTech’s Southeast Asian operations.
• Innovation and Development: Focus on AI and cloud-native technologies, catering to the evolving needs of the digital economy.

Important Terms Explained:

• AI Lab: A specialized facility dedicated to the research, development, and deployment of artificial intelligence solutions.
• Economic Development Board (EDB): Singapore’s government agency tasked with attracting and nurturing investments, particularly in advanced sectors like AI.

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8. Where is ISRO conducting India’s first analog space mission?
A) Rajasthan
B) Gujarat
C) Himachal Pradesh
D) Ladakh
E) Uttarakhand
Answer: D) Ladakh

Event:

• Event: Launch of India’s First Analog Space Mission by ISRO
• Location: Leh, Ladakh, India

Mandates and Objectives:

• Objective: Simulate life in an interplanetary habitat as part of India’s preparation for future lunar and interplanetary missions.
• Reason for Location: Ladakh’s landscape, including its dry, cold climate, barren high-altitude terrain, and isolation, closely resembles Martian and lunar environments, making it ideal for analog space simulations.
• Mission Goals: Gather data to support long-duration space missions to the Moon, Mars, and other destinations by testing habitat design, life support, and sustainability systems.

Mission Highlights:

• Hab-1 Habitat: A compact, inflatable habitat equipped with essentials such as a hydroponics farm, kitchen, and sanitation facilities. This setup provides a self-sustaining environment for astronauts.
• Collaboration: The mission involves multiple partners including ISRO’s Human Spaceflight Centre, AAKA Space Studio, University of Ladakh, IIT Bombay, and the Ladakh Autonomous Hill Development Council.
• Low-Pressure Simulation: Ladakh’s low oxygen levels (40% of sea level) allow testing of life support systems under conditions similar to Mars.

Important Terms Explained:

• Analog Space Mission: A simulated space mission conducted on Earth in locations that resemble the conditions of outer space to test equipment, life support systems, and astronaut endurance.
• Habitat (Hab-1): A self-contained, inflatable environment designed to sustain human life for extended periods in space.

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International Affairs – Daily Current Affairs November 04

9. Who led the Indian delegation at the 352nd session of the Governing Body of the International Labour Organisation (ILO)?
A) Amitabh Kant
B) Dharmendra Pradhan
C) Nirmala Sitharaman
D) Sumita Dawra
E) Arjun Ram Meghwal
Answer: D) Sumita Dawra

Event:

• Event: India’s Participation in the 352nd Governing Body Session of the ILO
• Location: Geneva, Switzerland
• Date: October 28 – November 7, 2024

Mandates and Objectives:

• Objective: Represent India’s experiences in poverty eradication, employment growth, and social protection at the ILO Governing Body session.
• Delegation Leader: Ms. Sumita Dawra, Secretary, Ministry of Labour and Employment, represented India and discussed India’s policies aligned with ILO’s social justice and decent work goals.

Key Points Highlighted by India:

1. Poverty Eradication: India’s efforts have lifted 248 million people out of multidimensional poverty in the last nine years.
2. Employment Growth: Government programs and policies added 170 million people to economic activity between 2016-17 and 2022-23.
3. Social Protection Expansion:
   • Doubling of social protection coverage in recent years.
   • The Targeted Public Distribution System (TPDS) supports 800 million people with food security, recognized as one of the largest in-kind social assistance schemes worldwide.
4. Financial Inclusion: Schemes like PM Jan Dhan Yojana provide banking access, while PM Jeevan Jyoti Yojana and PM Suraksha Bima Yojana offer affordable life and accident insurance.

India’s Stance on ILO Reform:

• Call for Democratization: India supported greater representation within the ILO and other UN bodies, emphasizing geographic diversity that considers population and workforce for a fairer global representation.

Important Terms Explained:

• Multidimensional Poverty Index (MPI): A measure of poverty considering multiple deprivations, including health, education, and living standards.
• ILO Governing Body: The decision-making body of the International Labour Organisation, setting policies and supervising ILO activities globally.

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National Affairs – Daily Current Affairs November 04

10. IndiGo recently received approval to renew the wet lease of how many Airbus A320 aircraft?
A) 8
B) 10
C) 11
D) 15
E) 20
Answer: C) 11

Event:

• Event: IndiGo’s Approval for Wet Lease Renewal
• Location: India

Mandates and Objectives:

• Objective: Strengthen operational capacity and improve service efficiency amidst challenges.
• Context: IndiGo faced aircraft shortages due to issues with Pratt and Whitney engines, specifically a powder metal defect affecting engine performance.
• Approval: IndiGo has received government approval to extend the wet lease for 11 Airbus A320 aircraft.

Important Terms Explained:

• Wet Lease: An arrangement where an airline leases an aircraft along with crew, maintenance, and insurance from another airline or leasing company. Useful for temporary capacity adjustments.
• Pratt and Whitney Engines: High-efficiency engines that power various aircraft models, including the Airbus A320. Engine defects, such as powder metal issues, have recently impacted aviation operations globally.

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11. How many new seed categories has the Government e Marketplace (GeM) introduced on its portal?
A) 100
B) 150
C) 170
D) 200
E) 250
Answer: C) 170

Event:

• Event: Launch of 170 New Seed Categories on Government e Marketplace (GeM) Portal
• Date: November 4, 2024
• Location: India

Mandates and Objectives:

• Objective: To simplify access to quality agricultural and horticulture seeds and streamline procurement for government bodies.
• New Categories: 170 Seed Categories added, featuring 8,000 seed varieties for purchase by Central/State PSUs and other governing authorities.
• Consultation: Developed with input from state seed corporations and research bodies, ensuring the categories meet existing rules and regulations set by the Government of India.

Key Goals:

• Category-Based Procurement: Promotes efficiency by reducing time-consuming tender processes, enhancing transparency and accountability in public procurement.
• Seller Participation: Encourages seed sellers to list their products on GeM for participation in government tenders.

Important Terms Explained:

• Government e Marketplace (GeM): An online platform for public procurement by government agencies, ensuring transparency and efficiency.
• Category-Based Procurement: A streamlined procurement process where goods are grouped by category, improving the speed and clarity of government procurement.

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12. Who chaired the 32nd meeting of the Kendriya Hindi Samiti in New Delhi?
A) Prime Minister Narendra Modi
B) Minister of Education Dharmendra Pradhan
C) Minister of State for Law and Justice Arjun Ram Meghwal
D) Union Home Minister Amit Shah
E) Union Minister of Health Jagat Prakash Nadda
Answer: D) Union Home Minister Amit Shah

Event:

• Event: 32nd Meeting of the Kendriya Hindi Samiti
• Location: New Delhi, India
• Date: November 4, 2024

Mandates and Objectives:

• Objective: To promote Hindi as the link language of India and enhance the use of Indian languages.
• Chairperson: Union Home Minister Shri Amit Shah led the meeting with a focus on expanding the role of Hindi and Indian languages in education and administration.
• Significance of Kendriya Hindi Samiti: The highest body for policy guidance in the development and promotion of Hindi across ministries and departments.

Key Announcements:

1. Hindi Shabdsindhu Dictionary: Expected to become the largest Hindi dictionary in the world within five years.
2. Bhartiya Bhasha Aunbhag: A section dedicated to using technology for translation, enhancing the role of all Indian languages.
3. Rajbhasha Sammelan (Official Language Conference): Held in different parts of the country to emphasize the importance of Hindi.

Additional Goals:

• Education in Indian Languages: Increasing the availability of education in engineering, medical, primary, and secondary courses in Hindi and other languages.
• New Initiatives for Hindi Empowerment: Development of a long-term policy for preserving Hindi literature and expanding translation efforts for modern curricula.

Important Terms Explained:

• Kendriya Hindi Samiti: An apex body under the Prime Minister’s chairmanship guiding the promotion and standardized use of Hindi in India.
• Hindi Shabdsindhu: A comprehensive dictionary project aimed at making Hindi more accessible and standardized.

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13. How many demonstration projects have been successfully completed by the International Solar Alliance (ISA) out of its initial 27 projects?
A) 15
B) 21
C) 24
D) 27
E) 30
Answer: B) 21

Event:

• Event: Seventh Session of the International Solar Alliance (ISA) Annual Assembly
  Location: New Delhi, India
• Date: November 4, 2024

Mandates and Objectives:

• Objective: Strengthen global solar energy initiatives, address energy access, energy security, and energy transition.
• Key Attendees: Representatives from 103 member and 17 signatory countries, including 29 ministers.
• Progress Report: ISA has completed 21 out of 27 demonstration projects, benefiting Least Developed Countries (LDCs) and Small Island Developing States (SIDS).

Key Announcements:

1. Solar Data Portal: Provides real-time data on solar resources and investment opportunities to drive transparency.
2. Global Solar Facility: Targets funding for solar projects in underserved regions; $39 million committed for a pilot project in the Democratic Republic of Congo.
3. SolarX Startup Challenge: 2024 edition identified 30 innovative solar solutions in Asia-Pacific, with plans to expand to Latin America and the Caribbean.

Additional Initiatives:

• STAR-Centres: Solar Technology Application Resource-Centres established in seven countries, providing specialized training for the solar workforce.
• Viability Gap Funding (VGF) Scheme: Provides grants covering 10-35% of solar project costs in LDCs and SIDS, with an annual budget of $1.5 million.

Important Terms Explained:

• Demonstration Projects: Initiatives showcasing scalable solar solutions for LDCs and SIDS, enhancing solar adoption in healthcare, water, and community lighting.
• Viability Gap Funding (VGF): Financial support that covers part of the project costs to enable solar projects in regions with funding constraints.

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14. With which institution has the Steel Authority of India Limited (SAIL) recently signed an MoU for academic collaboration?
A) Indian School of Business
B) IIM Ahmedabad
C) ASCI Hyderabad
D) IIT Madras
E) NALSAR Hyderabad
Answer: C) ASCI Hyderabad

Event:

• Event: SAIL signs MoU with ASCI for Academic Collaboration
• Date: November 4, 2024
• Location: SAIL Corporate Office, New Delhi

Mandates and Objectives:

• Objective: To enhance the management skills of SAIL’s executives by collaborating with Administrative Staff College of India (ASCI), Hyderabad.
• Scope: The MoU enables Management Development Programmes tailored for newly promoted executives and supports SAIL’s broader Learning & Development (L&D) strategy.
• Significance: The initiative provides SAIL executives with academic exposure and prepares them for leadership roles within the company.

Important Terms Explained:

• Management Development Programme (MDP): A structured program focused on equipping executives with skills in leadership, strategic thinking, and decision-making.
• Learning & Development (L&D) Strategy: Organizational approach to continuous learning for employee skill enhancement, career growth, and improved performance.

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15. How many languages does the new NSE mobile app and expanded website support?
A) 10
B) 12
C) 15
D) 8
E) 11
Answer: B) 12

Event:

• Event: Launch of NSE Multilingual Mobile App and Expanded Website
• Date: November 1, 2024

Mandates and Objectives:

• Objective: Make market information accessible to a broader audience across India by supporting multiple regional languages.
• Significance: The launch marks NSE’s 30th anniversary, with a dual debut of the NSEIndia app and expanded website to promote inclusivity in financial markets.
• Language Support: The app and website are available in 12 languages: Assamese, Bengali, Kannada, Malayalam, Oriya, Punjabi, Tamil, Telugu, English, Hindi, Marathi, and Gujarati.

Key Features of the NSE Mobile App:

• Market Overview: Access to real-time indices, snapshots, and trends.
• Watchlist Customization: Users can track specific stocks and view top gainers and losers.
• Derivatives Data: Provides insights on options, calls, and puts, helping investors stay updated on market trends.

CEO’s Message:

• Ashishkumar Chauhan, NSE’s MD & CEO, highlighted the symbolic Diwali launch and the 30-year journey of NSE, stressing the importance of sustainable wealth creation for investors.

Important Terms Explained:

• Muhurat Trading: A symbolic trading session held on Diwali in Indian stock exchanges, considered an auspicious time for investors.
• Derivatives Market: A segment of the financial market dealing with financial contracts derived from underlying assets, providing additional insights for investors.

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Over All Review

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