30 December : Daily Current Affairs Quiz

Answer: Option A - 129th Constitution Amendment Bill

Explanation:

• The 129th Constitution Amendment Bill, 2024, proposes simultaneous elections for the Lok Sabha and State Assemblies.
• It introduces a new Article 82(A) to synchronize elections and establishes provisions for mid-term elections.
• The changes, including amendments to Articles 83, 172, and 327, will come into effect after the 2029 general elections, aiming for synchronized elections by 2034.
• This bill seeks to streamline the election process and enhance governance efficiency.

Answer: Option B - To demonstrate spacecraft rendezvous and docking in space

Explanation:

• The SpaDeX mission, launched by ISRO, aims to demonstrate spacecraft docking capabilities in space.
• This technology is essential for future space missions, including satellite servicing, space station operations, and interplanetary missions.
• The mission involves testing the rendezvous and undocking of two small spacecraft, which is a crucial step toward the development of more complex space infrastructure, such as building and maintaining space stations or conducting missions to the Moon and beyond.

Answer: Option B - World Bank

Explanation:

• The World Bank publishes the Logistics Performance Index (LPI) report.
• The LPI ranks countries based on logistics efficiency, considering factors such as customs performance, infrastructure quality, international shipment, logistics quality, and timeliness.
• The index aims to provide insights into how well countries manage their logistics sectors and identify areas for improvement.
• It helps policymakers and businesses assess the global logistics landscape and improve trade and supply chain performance.

Answer: Option C - The United States

Explanation:

• The United States revoked India’s Generalized System of Preferences (GSP) status in 2019.
• The decision was made by then-President Donald Trump, citing India’s failure to provide fair and equitable market access for U.S. exports.
• The revocation affected India's exports to the U.S., as it lost duty-free access for several products.
• The move was seen as part of broader trade tensions between the two nations.

Answer: Option C - To establish a common currency for bilateral trade

Explanation:

• The Comprehensive Economic Cooperation Agreement (CECA) between India and Australia does not aim to establish a common currency for bilateral trade.
• Its key objectives include enhancing trade and investment flows, promoting cooperation in areas like science and technology, and facilitating closer economic and cultural ties.