6 December : Daily Current Affairs Quiz

Answer:  Option B -  Addressing fiscal challenges and resource distribution between States and the Union

Explanation:

• The Sixteenth Finance Commission, chaired by Arvind Panagariya, is primarily tasked with addressing India's fiscal challenges and recommending the distribution of resources between the Union and States for the period 2024-2029.
• Its objectives include ensuring equitable devolution of resources, incentivizing economicgrowth in States, and addressing challenges posed by global changes and regional disparities.
• It aims to strike a balance between promoting fiscal autonomy and supporting national economic development.

Answer:  Option C - Group of 20 (G-20)

Explanation:

• The Global Alliance against Hunger and Poverty was launched at the 2024 G-20 summit in Rio de Janeiro.
• It aims to mobilize finance and facilitate knowledge sharing to address hunger and poverty.
• The initiative aligns with the G-20’s focus on social inclusion, sustainable development, and global cooperation, specifically targeting the Global South's needs.
• Therefore, the correct multilateral organization associated with this alliance is the G-20.

Answer:  Option B - Enhancing infrastructure and industrialization in the Northeast Region

Explanation:

• The UNNATI (Uttar Poorva Transformative Industrialization Scheme) focuses on fostering industrial growth and infrastructure development in the Northeast Region of India.
• It aims to create employment opportunities, enhance regional resilience, and promote prosperity.
• The scheme provides various incentives, such as capital investment and interest subvention, to support industries in the region, contributing to the overall economic growth and development of the Northeast.

Answer:  Option A - North-Eastern States

Explanation:

• The PM-DevINE scheme is aimed at the holistic development of the North-Eastern States of India.
• It focuses on funding infrastructure and social development projects, addressing regional needs and fostering economic growth.
• The scheme also targets livelihood opportunities for youth and women, thereby promoting inclusivity and addressing the development gaps in sectors such as health, education, and infrastructure, contributing to the overall growth of the region.

Answer:  Option C - Param Shakti

Explanation:

• Param Shakti is the supercomputer deployed at IIT Kharagpur under the National Supercomputing Mission (NSM).
• It is part of India's efforts to enhance its computational capabilities for research and development in various fields, including artificial intelligence, climate modelling, and engineering.
• The system contributes to India's growing supercomputing infrastructure, which aims to foster innovation and scientific advancements across multiple sectors, enhancing India's global position in high-performance computing.