Daily Current Affairs December 03

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December 03 | Daily Current Affairs 2024

Important Days – Daily Current Affairs December 03

1. What is the theme of the International Day of Persons with Disabilities 2024?
A) Nothing About Us Without Us
B) Inclusive Development for All
C) Amplifying the Leadership of Persons with Disabilities for an Inclusive and Sustainable Future
D) Disability-Inclusive Peace and Development
E) Universal Access to Basic Services
Answer: C) Amplifying the Leadership of Persons with Disabilities for an Inclusive and Sustainable Future

Event and Location:

• Event: International Day of Persons with Disabilities (IDPD) 2024
• Date: 3 December 2024
• Location: UN Headquarters, New York (commemorative event)

Mandates and Objectives:

• Highlight the leadership of persons with disabilities in fostering an inclusive and sustainable future.
• Emphasize the “Nothing About Us Without Us” approach, which calls for participation, representation, and inclusion of persons with disabilities.
• Leverage the United Nations Disability Inclusion Strategy to uphold the rights of persons with disabilities and promote systemic, sustainable progress.
• Engage in global discussions, such as the Second World Summit for Social Development and the 2030 Agenda for Sustainable Development, to ensure disability-inclusive peace and development.

Important Terms Explained:

• United Nations Disability Inclusion Strategy (UNDIS):
  • Launched in June 2019, this strategy enhances disability inclusion across all UN operations.
  • Reaffirms that the rights of persons with disabilities are an indivisible part of human rights.
• Conference of States Parties to the CRPD:
  • Annual meeting of countries ratifying the Convention on the Rights of Persons with Disabilities (CRPD).
  • A platform to share best practices and review progress in implementing disability rights globally.
• Five-year Anniversary of UN Security Council Resolution 2475 (2019):
  • Calls for the protection of persons with disabilities in conflict situations and their inclusion in humanitarian aid.

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2. What milestone did the Sugamya Bharat Abhiyan mark in December 2024?
A) 5 years
B) 7 years
C) 9 years
D) 10 years
E) 15 years
Answer: C) 9 years

Event and Location:

• Event: 9th anniversary of the Sugamya Bharat Abhiyan (Accessible India Campaign).
• Date: December 3, 2024
• Location: Nationwide

Mandates and Objectives:

• The Sugamya Bharat Abhiyan, launched in 2015, aims to create a barrier-free environment for Divyangjan (persons with disabilities).
• Focuses on improving accessibility in physical infrastructure, transportation, and information and communication technology (ICT).
• Highlights of the initiative:
  • The historic passage of the Rights of Persons with Disabilities Act, 2016, which expanded disability categories and introduced stringent accessibility norms.
  • Success of Divyangjan in the Paralympics, showcasing their ‘Can Do’ spirit.

Important Terms Explained:

• Sugamya Bharat Abhiyan (Accessible India Campaign):
  • Launched in 2015 by the Ministry of Social Justice and Empowerment.
  • Aims to create an inclusive environment for persons with disabilities by enhancing accessibility.
• Rights of Persons with Disabilities (RPWD) Act, 2016:
  • Expands the definition of disability to include 21 categories.
  • Mandates accessibility in public spaces, transport systems, and ICT platforms.

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Sports – Daily Current Affairs December 03

3. Who won the bronze medal for India in the eFootball segment at the Asian Esports Games 2024?
A) Wasfi Bilal
B) Shubham Khorwal
C) Soukmangkone
D) Pavan Kampelli
E) Lokesh Suji
Answer: D) Pavan Kampelli

Event and Location:

• Event: Asian Esports Games 2024
• Date: November 30 to December 2, 2024
• Location: Bangkok, Thailand

Mandates and Objectives:

• Pavan Kampelli, known as MrTomboy, represented India in the eFootball segment and won a bronze medal.
• This marks India’s first medal in eFootball at the Asian Esports Games.
• Prize: $500 awarded to Pavan for his performance.

Important Terms Explained:

• Asian Esports Games:
  • A continental competition organized by the Asian Esports Federation (AESF) featuring various esports categories.
• eFootball:
  • A virtual football video game series that simulates professional football matches in a competitive setting.
• Asian Esports Federation (AESF):
  • Governs and promotes esports in Asia, ensuring fair play and representation at major tournaments.

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Ranking – Daily Current Affairs December 03

4. Which organization declared West Bengal a top destination for heritage tourism?
A) United Nations
B) UNESCO
C) World Tourism Organization
D) Ministry of Tourism, India
E) Archaeological Survey of India
Answer: B) UNESCO

Event and Location:

• Event: UNESCO declared West Bengal as a top destination for heritage tourism.
• Date: Announcement made by CM Mamata Banerjee in the assembly on December 4, 2024.
• Location: Kolkata, West Bengal

Mandates and Objectives:

• West Bengal aims to develop its tourism sector, focusing on heritage, religious, and tea tourism.
• Significant emphasis on enhancing heritage sites such as Dakshineshwar and Kalighat temples.
• Heritage tourism in the state generates employment opportunities for lakhs of youths.

Important Terms Explained:

• UNESCO:
  • The United Nations Educational, Scientific and Cultural Organization, established in 1945.
  • Promotes the preservation of cultural and natural heritage globally.
• Heritage Tourism:
  • Tourism focused on visiting historical and culturally significant sites.
  • Plays a key role in preserving traditions while boosting local economies.

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Banking and Finance – Daily Current Affairs December 03

5. What are the four factors used in SBI Mutual Fund’s newly launched Quant Fund?
A) Liquidity, Momentum, Growth, Stability
B) Momentum, Value, Quality, Growth
C) Value, Income, Equity, Debt
D) Quality, Liquidity, Growth, Debt
E) Growth, Momentum, Debt, Value
Answer: B) Momentum, Value, Quality, Growth

Event and Location:

• Event: Launch of SBI Mutual Fund’s Quant Fund.
• Date: December 3, 2024
• Location: Mumbai, India

Mandates and Objectives:

• SBI Mutual Fund introduces its first active Quant fund, built on a model that utilizes four key factors:
  1. Momentum: Measures the price trend and stock performance over time.
  2. Value: Identifies undervalued stocks relative to their intrinsic value.
  3. Quality: Focuses on companies with strong fundamentals, profitability, and low debt.
  4. Growth: Targets companies showing consistent earnings and revenue growth.
• Portfolio Structure:
  • Comprises 30-35 stocks selected from the top 200 stocks based on the fund house’s Quant model.

Important Terms Explained:

• Quant Fund:
  • A type of mutual fund that uses quantitative models and algorithms to select stocks based on predefined metrics like momentum, value, etc.
• SBI Mutual Fund (SBI MF):
  • India’s largest mutual fund house, offering a wide range of investment solutions across equity, debt, and hybrid categories.

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Business and Economy – Daily Current Affairs December 03

6. What milestone did the Unified Payments Interface (UPI) achieve in October 2024?
A) 16.58 billion transactions worth approximately US$ 279.4 billion
B) 15.04 billion transactions worth US$ 245.4 billion
C) 535 million transactions daily worth US$ 74.7 billion
D) 126 million transactions worth US$ 733 million
E) 467 million transactions worth US$ 6.29 trillion
Answer: A) 16.58 billion transactions worth approximately US$ 279.4 billion

Event and Location:

• Event: UPI achieved a record-high in October 2024 with 16.58 billion transactions.
• Location: India

Mandates and Objectives:

• The surge in UPI transactions reflects the increasing shift towards digital payments during the festival season.
• Daily transactions exceeded 535 million in volume, worth approximately US$ 9 billion, highlighting UPI’s role in real-time, cashless payments.
• The record underscores efforts to create a cashless economy and enhance digital financial inclusion.

Important Terms Explained:

• Unified Payments Interface (UPI):
  • A real-time interbank payment system enabling instant money transfers via mobile devices.
  • Operated by the National Payments Corporation of India (NPCI).
• Immediate Payment Service (IMPS):
  • An instant electronic payment system for interbank transfers, also managed by NPCI.
• FASTag:
  • A digital toll payment system using RFID for automated deduction at toll plazas.
• Aadhaar Enabled Payment System (AePS):
  • Allows Aadhaar cardholders to perform transactions using biometric data for authentication.

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7. Which city witnessed the launch of Uber’s first water transport service in India?
A) Varanasi
B) Kochi
C) Srinagar
D) Mumbai
E) Udaipur
Answer: C) Srinagar

Event and Location:

• Event: Uber launched its first water transport service in India with Shikara rides.
• Date: December 2, 2024
• Location: Srinagar, Jammu & Kashmir

Mandates and Objectives:

• Launch of Uber Shikara, integrating technology with tradition, in Srinagar’s iconic Dal Lake.
• Aim to promote tourism, enhance accessibility, and support livelihoods tied to Shikara operations.
• Introduces modern booking convenience with features like advance bookings (up to 15 days ahead).
• Provides ecological benefits by enhancing oxygen circulation in Dal Lake’s stagnant waters.

Important Terms Explained:

• Shikara:
  • Traditional Kashmiri boats adorned with colorful upholstery, symbolic of Srinagar’s cultural identity.
  • Used for transport, tourism, and leisure on Dal Lake.
• Dal Lake:
  • Spread over 18 sq. km with a shoreline of 15.5 km, it is a major tourist attraction in Kashmir.
  • Surrounded by historic sites like the Hazratbal Shrine and Mughal gardens.

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8. Which company is modernizing the digital banking infrastructure of the Bank of Bhutan?
A) Infosys
B) Tata Consultancy Services (TCS)
C) Wipro
D) HCL Technologies
E) Tech Mahindra
Answer: B) Tata Consultancy Services (TCS)

Event and Location:

• Event: TCS to modernize digital banking for Bank of Bhutan.
• Date: Announced on December 3, 2024.
• Location: Bhutan

Mandates and Objectives:

• TCS BaNCS Global Banking Platform will be deployed to:
  • Enhance digital capabilities.
  • Optimize operations.
  • Improve customer experience for Bank of Bhutan, which serves over 400,000 customers through 45 branches.

Important Terms Explained:

• TCS BaNCS Global Banking Platform:
  • A comprehensive core banking solution developed by Tata Consultancy Services (TCS).
  • Designed to provide end-to-end banking and financial services solutions to enhance operational efficiency.
• Bank of Bhutan:
  • The largest commercial bank in Bhutan, providing banking services to a majority of the population.

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Appointments – Daily Current Affairs December 03

9. Who has been appointed as the new MD and CEO of Tata AutoComp Systems?
A) Ratan Tata
B) Rajesh Gopinathan
C) Manoj Kolhatkar
D) Natarajan Chandrasekaran
E) Vinod Aggarwal
Answer: C) Manoj Kolhatkar

Event and Location:

• Event: Manoj Kolhatkar appointed as the new MD and CEO of Tata AutoComp Systems (TaCo).
• Date: December 3, 2024
• Location: Pune, Maharashtra

Mandates and Objectives:

• Manoj Kolhatkar has over two decades of experience within the Tata Group, having served in various leadership roles at Tata Motors and Tata AutoComp Systems.
• As MD and CEO, Kolhatkar will steer Tata AutoComp Systems’ growth trajectory in the automotive components industry for Indian and global OEMs.

Important Terms Explained:

• Tata AutoComp Systems (TaCo):
  • A leading automotive components manufacturer catering to Original Equipment Manufacturers (OEMs) in India and globally.
  •  Known for providing end-to-end solutions in automotive systems and components.

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Awards – Daily Current Affairs December 03

10. What is the Oxford Word of the Year 2024?
A) Demure
B) Lore
C) Brain Rot
D) Romantasy
E) Dynamic Pricing
Answer: C) Brain Rot

Event and Location:

• Event: Oxford Word of the Year 2024 announced as “Brain Rot.”
• Date: December 3, 2024
• Location: Announcement by Oxford University Press (OUP), United Kingdom

Mandates and Objectives:

• The term “Brain Rot” describes the cognitive decline linked to consuming low-quality social media content.
• Aims to highlight growing concerns about mental health in the digital age.
• Reflects societal discussions around digital detoxes and the need for mindful consumption of online content.

Important Terms Explained:

• Brain Rot:
  • Represents the mental fatigue and cognitive stagnation caused by excessive exposure to trivial online content.
  • Popular among younger generations and aligns with trends like digital detoxes.
• Oxford Word of the Year:
  • Selected annually to represent a term that has had cultural and linguistic significance over the year.
  • Based on public voting and expert curation, emphasizing global concerns.

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Defence – Daily Current Affairs December 03

11. How much are the capital acquisition proposals approved by the Defence Acquisition Council (DAC) worth?
A) ₹15,000 crore
B) ₹21,772 crore
C) ₹30,000 crore
D) ₹18,500 crore
E) ₹25,000 crore
Answer: B) ₹21,772 crore

Event and Location:

• Event: Defence Acquisition Council (DAC) approved five capital acquisition proposals.
• Date: December 3, 2024
• Location: New Delhi, India

Mandates and Objectives:

• The proposals focus on enhancing the capabilities of the Indian Armed Forces and include:
  • 31 New Water Jet Fast Attack Crafts (NWJFACs): Strengthening the operational readiness of the Indian Navy.
  • Fast Interceptor Crafts: Designed for quick maritime interception missions.
  • Electronic Warfare Suite: For SU-30MKI fighter jets, improving their radar and electronic countermeasures.
  • Next-Generation Radar Warning Receiver: Advanced technology for threat detection on SU-30MKIs.
  • Marine Version of Advanced Light Helicopters (ALH): To boost naval aviation capabilities.

Important Terms Explained:

• Defence Acquisition Council (DAC):
  • Apex body of the Ministry of Defence, chaired by the Defence Minister, responsible for approving procurement proposals to strengthen India’s armed forces.
• Acceptance of Necessity (AoN):
  • A key stage in defence procurement indicating the official approval of a requirement, paving the way for tendering and acquisition.
• SU-30MKI:
  • A multirole fighter aircraft used by the Indian Air Force, equipped with advanced avionics and capable of carrying out diverse missions.

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International Affairs – Daily Current Affairs December 03

12. What was the focus of the SheSTEM 2024 challenge?
A) Robotics and Artificial Intelligence
B) Battery Technology and Energy Storage Systems
C) Climate Change Solutions
D) Space Exploration and Technology
E) Digital Health and Telemedicine
Answer: B) Battery Technology and Energy Storage Systems

Event and Location:

• Event: SheSTEM 2024, an initiative celebrating women in STEM and youth innovation.
• Date: December 3, 2024 (announced conclusion).
• Location: Organized by Atal Innovation Mission (AIM), NITI Aayog, and the Swedish Embassy, India.

Mandates and Objectives:

• Objective: To inspire students to explore STEM careers and address global sustainability challenges.
• The SheSTEM 2024 challenge focused on Battery Technology and Energy Storage (BEST) systems, part of the India-Nordic BEST project.
• Encouraged students from grades 6–12 to submit innovative prototypes or concepts in video format, receiving over 1000 submissions nationwide.
• Emphasized fostering youth-led innovation and leadership in sustainability and technology.

Important Terms Explained:

• Atal Innovation Mission (AIM):
  • A flagship initiative of NITI Aayog, fostering innovation and entrepreneurship in India.
  • Aims to create an ecosystem of startups and promote STEM education through initiatives like Atal Tinkering Labs.
• India-Nordic BEST Project:
  • A collaborative effort between India and Nordic countries to develop advancements in battery technology and energy storage systems.
• STEM (Science, Technology, Engineering, and Mathematics):
  • A multidisciplinary approach to education, focusing on preparing students for innovation-driven fields.

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National Affairs – Daily Current Affairs December 03

13. What is the name of the 57th Tiger Reserve of India?
A) Kanha Tiger Reserve
B) Ratapani Tiger Reserve
C) Bandhavgarh Tiger Reserve
D) Satpura Tiger Reserve
E) Pench Tiger Reserve
Answer: B) Ratapani Tiger Reserve

Event and Location:

• Event: Ratapani Tiger Reserve notified as the 57th Tiger Reserve of India.
• Date: December 3, 2024
• Location: Madhya Pradesh

Mandates and Objectives:

• Core Area: 763.8 sq km, Buffer Area: 507.6 sq km, Total Area: 1271.4 sq km.
• It is the 8th Tiger Reserve in Madhya Pradesh, enhancing the state’s reputation as a hub for tiger conservation.
• Aims to improve wildlife conservation, habitat management, and promote ecotourism for community development.
• Supports India’s commitment to wildlife protection under PM Narendra Modi’s conservation initiatives.

Important Terms Explained:

• Tiger Reserve:
  • A protected area designated for the conservation of tigers and biodiversity under India’s Project Tiger, launched in 1973.
• Ecotourism Benefits:
  • Sustainable tourism initiatives that provide income for local communities while preserving natural habitats.
• Buffer Zone:
  • An area around the core zone of a tiger reserve where limited human activity is allowed to reduce pressure on the core habitat.

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14. What is the purpose of the Nano Bubble Technology introduced in the National Zoological Park, Delhi?
A) Increasing the water temperature for aquatic animals
B) Removing algae and purifying pond water
C) Promoting aquatic animal breeding
D) Monitoring aquatic animals’ health
E) Testing new filtration techniques for drinking water
Answer: B) Removing algae and purifying pond water

Event and Location:

• Event: Launch of Nano Bubble Technology for water cleaning and purification.
• Date: December 3, 2024
• Location: National Zoological Park, Delhi

Mandates and Objectives:

• Purpose: To maintain clean and purified water in the zoo’s ponds for the health of aquatic animals.
• Functionality: Removes algae, foul smells, and discoloration caused by dirty pond water.
• Trial Duration: The technology is being tested for 15 days, after which its effectiveness will be evaluated.

Important Terms Explained:

• Nano Bubble Technology:
  • A method to purify water by generating tiny bubbles that break down algae, harmful microbes, and organic waste.
  • Enhances oxygen levels in water, benefiting aquatic life.
• National Zoological Park, Delhi:
  • Also known as Delhi Zoo, a prominent facility for the conservation of various animal species, including aquatic animals.

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15. Where did Shri Bhupender Yadav deliver India’s Formal Statement at CoP16 of the UN Convention to Combat Desertification (UNCCD)?
A) New Delhi, India
B) Riyadh, Saudi Arabia
C) Geneva, Switzerland
D) Bonn, Germany
E) Nairobi, Kenya
Answer: B) Riyadh, Saudi Arabia

Event and Location:

• Event: Shri Bhupender Yadav delivered India’s formal statement at CoP16 of UNCCD.
• Date: December 3, 2024
• Location: Riyadh, Saudi Arabia

Mandates and Objectives:

• India reiterated its commitment to combat land degradation, build drought resilience, and promote ecosystem restoration and biodiversity enhancement.
• Key initiatives highlighted:
  • Plant for Mother Campaign: Over 1 billion saplings planted in 2024.
  • Bonn Challenge: India aims to restore 26 million hectares of degraded land by 2030; 22.5 million hectares already restored.
  • International Big Cat Alliance: A coalition for the conservation of big cats across their range countries.
  • Green India Mission: A community-driven approach to restore degraded lands.
  • Amrit Sarovar Initiative: Development and rejuvenation of water retention structures across India.
  • Green Credit Programme: Ecological restoration of degraded land with public-private collaboration.

Important Terms Explained:

• CoP (Conference of Parties):
  • The decision-making body of the UNCCD, which reviews the implementation of the Convention’s commitments.
• UNCCD (United Nations Convention to Combat Desertification):
  • Established in 1994, it focuses on combating desertification, land degradation, and mitigating drought effects.
• Bonn Challenge:
  • A global initiative launched in 2011 to restore 150 million hectares of degraded land by 2020 and 350 million hectares by 2030.

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