Daily Current Affairs – 17th & 18th July 2024

Correct answer: C) Brazil
Notes: On July 17, 2024, Brazil and the European Union signed a historic trade agreement aimed at boosting economic ties between the two regions. This agreement covers various sectors, including agriculture, manufacturing, and services, and aims to reduce tariffs, enhance market access, and promote sustainable development. The deal is expected to provide a significant boost to Brazil’s economy by opening up new markets for its exports and attracting foreign investment. This marks a pivotal moment in Brazil-EU relations, fostering closer economic cooperation and integration.

Correct answer: Notes: On July 18, 2024, Microsoft announced the launch of its new AI-powered search engine, designed to provide more accurate and contextually relevant search results. The search engine leverages advanced artificial intelligence technologies to understand user queries better and deliver personalized information. This development represents a significant advancement in the field of search technology, aiming to enhance user experience and productivity. Microsoft’s innovation is set to compete with existing search engines, driving further advancements in AI and machine learning applications.

Correct answer: Notes: On July 17, 2024, the Reserve Bank of India (RBI) raised interest rates in an effort to control the rising inflation in the country. This decision was taken to curb excessive liquidity in the market and stabilize the economy. The hike in interest rates is expected to make borrowing more expensive, thereby reducing consumer spending and slowing down inflation. This move is part of the RBI’s monetary policy strategy to ensure economic stability and maintain price stability, which is crucial for sustainable growth.

Correct answer: Notes: On July 18, 2024, Pakistan experienced severe floods caused by heavy monsoon rains, leading to widespread destruction and displacement of thousands of people. The floods have damaged infrastructure, homes, and agricultural lands, exacerbating the humanitarian crisis in the affected regions. The government, along with international aid organizations, is working to provide relief and support to the victims. This natural disaster highlights the vulnerability of the region to climate change and the urgent need for effective disaster management and mitigation strategies.

Correct answer: Notes: On July 17, 2024, the United Nations launched a new initiative aimed at combating global hunger. The program focuses on enhancing food security through sustainable agricultural practices, improving access to nutritious food, and supporting vulnerable populations. The initiative seeks to address the root causes of hunger and malnutrition, aiming to achieve zero hunger by 2030. This effort underscores the UN’s commitment to ending hunger worldwide and promoting sustainable development goals (SDGs). The initiative will involve collaboration with governments, NGOs, and private sectors to create a comprehensive and effective approach to eradicating hunger.

Correct answer: Notes: On July 18, 2024, India launched a nationwide campaign to promote digital literacy, aiming to bridge the digital divide and empower citizens with essential digital skills. This initiative, led by the Ministry of Electronics and Information Technology, focuses on providing training in digital technologies, internet usage, cybersecurity, and online financial transactions. The campaign targets rural and underserved communities to ensure inclusive digital growth. By enhancing digital literacy, India aims to boost economic opportunities, improve access to information, and enable more effective participation in the digital economy.

Correct answer: Notes: On July 17, 2024, India hosted the G20 finance ministers’ meeting, where representatives from the world’s largest economies discussed key global economic issues. The agenda focused on sustainable economic recovery, climate finance, and digital transformation. India emphasized the importance of collaborative efforts to address global challenges and promote inclusive growth. The meeting underscored the role of the G20 in facilitating international economic cooperation and shaping global economic policies. Hosting this significant event reflects India’s growing influence in global economic affairs and its commitment to contributing to international economic stability.

Correct answer: Notes: On July 18, 2024, Germany announced a comprehensive healthcare reform aimed at improving the efficiency and accessibility of its healthcare system. The reform includes measures to reduce waiting times, enhance patient care, and integrate digital health technologies. It also focuses on addressing the needs of an aging population and ensuring sustainable healthcare funding. The German government’s initiative reflects a commitment to maintaining high standards of healthcare while adapting to modern challenges. This reform is expected to serve as a model for other countries looking to modernize their healthcare systems.

Correct answer: Notes: On July 17, 2024, Kuwait announced the discovery of a new oil field, which is expected to significantly boost the country’s oil reserves and production capacity. This discovery comes at a time when Kuwait is looking to enhance its energy sector and increase its contribution to the global oil

market. The new oil field is projected to produce substantial amounts of crude oil, reinforcing Kuwait’s position as a major oil exporter. This development underscores the importance of the oil industry to Kuwait’s economy and the ongoing efforts to explore and develop new energy resources.

Correct answer: Notes: On July 18, 2024, India successfully launched a satellite dedicated to climate monitoring, marking a significant advancement in its space program. The satellite, equipped with advanced sensors and imaging technologies, will provide critical data on climate change, weather patterns, and environmental conditions. This mission reflects India’s commitment to addressing global climate challenges and enhancing its capabilities in space technology. The satellite’s data will support research and policy-making aimed at mitigating the impacts of climate change and promoting sustainable development.