Daily Current Affairs Quiz 17 October 2022

b) October 17

International Day for the Eradication of Poverty is observed every year on October 17 to initiate conversation and raise awareness about the issue of poverty which impacts human life all over the world. The day also honors the courage of people who are living in poverty and fighting in their day-to-day life. The theme of International for the Eradication of Poverty in 2022 is ‘Dignity for All in Practice’.

b) Rising Sea Level

Alliance of Small Island States (AOSIS) is an intergovernmental organization of low-lying coastal and small island countries. AOSIS was established in 1990, ahead of the Second World Climate Conference. The main purpose of the alliance is to consolidate the voices of Small Island Developing States (SIDS) to address global warming.

These island countries are particularly vulnerable to climate change and its related effects on the ocean, including sea level rise, coastal erosion and saltwater intrusion. The members are among the nations least responsible for climate change, having contributed less than 1% to the world’s greenhouse gas emissions.

d) It is India’s easternmost island

Narcondam, India’s easternmost island, is a small volcanic island located in the northern Andaman Sea. The island’s peak rises to 710 m above mean sea level, and it is formed of andesite. It is part of the Andaman Islands, the main body of which lie approximately 74 km (46 mi) to the west. The island is part of the Indian union territory of Andaman and Nicobar Islands. The island is small, covering an area of approximately 6.8 square kilometres. It was classified as a dormant volcano by the Geological Survey of India.The island was recently seen in news.

d) India

The 5th Assembly of the International Solar Alliance is being organized in New Delhi under the presidentship of India. During the assembly, the participants from 109 countries will be sharing their experiences towards a low-carbon economy through the promotion of solar energy at the 4-day event. The assembly of the International Solar Alliance meets annually at the ministerial level and makes decisions concerning the implementation of the ISA’s framework agreement.

c) 1, 3

Neo banks are financial institutions with only an online presence and function digitally. They offer all traditional bank services via a digital setup or mobile apps without having any physical branches. Hence, statement 1 is correct.

These are 100% digital banks. They cannot apply for a banking license. The expertise of these neo banks lies in tying technology and artificial intelligence together to offer personalized financial services to customers. It is offered at a minimal cost. Hence, statement 2 is incorrect.

Neo banks offer limited products like savings accounts, small loans, debit cards, etc. and not all services of banks. Hence, statement 3 is correct.