{"id":2082,"date":"2024-05-02T11:43:27","date_gmt":"2024-05-02T11:43:27","guid":{"rendered":"https:\/\/lawentranceindia.com\/blogs\/?p=2082"},"modified":"2024-05-02T11:43:27","modified_gmt":"2024-05-02T11:43:27","slug":"mlc-daily-current-affairs-02-may-2024","status":"publish","type":"post","link":"https:\/\/lawentranceindia.com\/blogs\/mlc-daily-current-affairs-02-may-2024\/","title":{"rendered":"MLC Daily Current Affairs – 02 May 2024"},"content":{"rendered":"

Today in History (May 02nd<\/sup>, 2011)<\/h1>\n

Osama bin Laden\u2014founder of the militant Islamist organization al-Qaeda and mastermind of numerous terrorist attacks, notably the September 11, 2001, attacks\u2014was killed by U.S. forces in Abbottabad, Pakistan.<\/p>\n

Let\u2019s revise<\/span><\/strong><\/h3>\n

A) The price of one currency in terms of other currency is called :<\/p>\n

    \n
  1. Foreign exchange Rate<\/li>\n
  2. Flexible rate of exchange<\/li>\n
  3. Current rate of exchange<\/li>\n
  4. None of the above<\/li>\n<\/ol>\n

    Ans. (a)
    \nB) The decrease in the value of domestic currency in relation to foreign currency due to fluctuations in the foreign exchange rate is<\/p>\n

      \n
    1. Devaluation<\/li>\n
    2. Appreciation<\/li>\n
    3. Depreciation<\/li>\n
    4. None of the above<\/li>\n<\/ol>\n

      Ans. (c)
      \nC) Due to depreciation of domestic currency,<\/p>\n

        \n
      1. Exports rise<\/li>\n
      2. Imports rise<\/li>\n
      3. Exports falls<\/li>\n
      4. None of the above<\/li>\n<\/ol>\n

        Ans. (a)
        \nD) The increase in the value of domestic currency in relation to foreign currency due to fluctuations in foreign exchange rate is called<\/p>\n

          \n
        1. Depreciation<\/li>\n
        2. Devaluation<\/li>\n
        3. Appreciation<\/li>\n
        4. Revaluation<\/li>\n<\/ol>\n

          Ans. (c)
          \nE) Due to appreciation of domestic currency,<\/p>\n

            \n
          1. Exports rise<\/li>\n
          2. Imports rise<\/li>\n
          3. Imports falls<\/li>\n
          4. None on the above<\/li>\n<\/ol>\n

            Ans. ( b)
            \nF) Which Article of the Indian Constitution has provision to say that the Childhood and adolescence are not to be exploited?<\/p>\n

              \n
            1. 44<\/li>\n
            2. 51<\/li>\n
            3. 39<\/li>\n
            4. 40<\/li>\n<\/ol>\n

              Ans. (c)
              \nG) Right of Children to Free and Compulsory Education (RTE) Act was passed in which year?<\/p>\n

                \n
              1. 2011<\/li>\n
              2. 2013<\/li>\n
              3. 2014<\/li>\n
              4. 2009<\/li>\n<\/ol>\n

                Ans. (d)
                \nH) Manodarpan Initiative, launched to provide psychosocial support to students for Mental Health and Emotional well-being, by which ministry?<\/p>\n

                  \n
                1. Ministry of Health and Family Welfare<\/li>\n
                2. Ministry of Education<\/li>\n
                3. Ministry of Science and Technology<\/li>\n
                4. Ministry of Home Affairs<\/li>\n<\/ol>\n

                  Ans. (b)<\/p>\n

                  Summary of Today’s News<\/h2>\n

                  Rebranding of UNCTAD as UN Trade and Development<\/span><\/h3>\n

                  UNCTAD, the United Nations Conference on Trade and Development, has undergone a significant rebranding as \u201cUN Trade and Development\u201d to mark its 60th anniversary.
                  \n\u2022 This strategic move reflects its commitment to enhancing its impact and amplifying its voice on behalf of developing countries.
                  \n\u2022 The rebranding initiative includes a new visual identity aimed at better reflecting the organization\u2019s work and values.
                  \n\u2022 The organization will adopt its new name and logo across all official channels in the six UN languages.<\/p>\n

                  About UNCTAD:<\/strong>
                  \n\u2022 The United Nations Conference on Trade and Development (UNCTAD) is a permanent intergovernmental organization that promotes the interests of developing countries in world trade.
                  \n\u2022 It was established by the United Nations General Assembly on December 30, 1964 and has its headquarters in Geneva.
                  \n\u2022 UNCTAD\u2019s work focuses on trade, development, finance, technology, investment, and sustainable development.
                  \n\u2022 It collects data, conducts research, and analyses policies to help countries frame policies in these areas.<\/p>\n

                  SC rejects plea for allocating spectrum without auction<\/span><\/h3>\n

                  \u2022 The Supreme Court declined the Centre’s application for administrative allocation of spectrum.
                  \n\u2022 Spectrum allocation via administrative means would give the government sole discretion in selecting operators, contrary to the auction-based approach.
                  \n\u2022 The Registrar cited Order XV Rule 5 of the Supreme Court Rules, 2013, to refuse the application, allowing dismissal if it lacks reasonable cause, is frivolous, or contains scandalous matter.
                  \n\u2022 The government has a 15-day window to appeal to the court.
                  \n\u2022 The government’s application argued spectrum allocation serves both commercial telecom services and sovereign\/public interest functions.
                  \n\u2022 The 2012, 2G spectrum case judgment emphasized auction as the preferred method for allocating scarce resources like spectrum.<\/p>\n

                  \u2018India one of the few countries affected by phishing attacks\u2019<\/span><\/h3>\n

                  \u2022 India faces significant phishing attacks, leading to substantial financial losses, according to Verizon Business, a cyber security solutions provider.
                  \n\u2022 However, there’s progress in reporting practices, with 20% of users now identifying and reporting phishing during simulation tests.
                  \n\u2022 A multi-pronged approach is advocated to reduce human error in cybersecurity.
                  \n\u2022 The 2024 Data Breach Investigations Report highlights espionage attacks as dominant in APAC, including India, comprising 25% of cyberattacks, far surpassing Europe and North America.
                  \n\u2022 Vulnerability exploitation in APAC saw a 180% growth, with organizations taking an average of 55 days to patch 50% of critical vulnerabilities.
                  \n\u2022 Non-malicious human actions contributed to over two-thirds of breaches.
                  \n\u2022 The report, based on 30,458 security incidents and 10,626 confirmed breaches in 2023, underscores system intrusion, social engineering, and basic web-application attacks as comprising 95% of APAC breaches.<\/p>\n

                  Hardik and other MI players fined for slow over rate against LSG<\/span><\/h3>\n

                  Mumbai Indians captain Hardik Pandya has been fined \u20b924 lakh after his team\u2019s second slow over-rate offence in the IPL during their match against Lucknow Super Giants in Lucknow on Tuesday. All the other players were each individually fined either \u20b96 lakh or 25% of their respective match fees, whichever is lesser.<\/p>\n