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Correct Answer : Ajay Banga
The World Bank's 25-member executive board on Wednesday (3rd May 2023) elected former Mastercard CEO "Ajay Banga" to a five-year term as president, effective 2nd June 2023, ushering in an Indian-born finance and development expert charged with revamping the lender to tackle climate change and other global crises.Banga, 63, was nominated for the post by US President Joe Biden in late February and was the sole contender to replace departing World Bank chief David Malpass, an economist and former US Treasury official during the Trump administration.The election came after World Bank board members interviewed Banga for four hours on Monday (1st May 2023). Malpass's last day at the bank will be June 1. The decision came in a vote by 24 of the board's members, with Russia abstaining, instead of the usual consensus-based process, a source familiar with the process said.One of the sources called Banga a "true change maker" who will help accelerate reforms at the global development bank. It already loans out hundreds of billions of dollars to developing countries but is working to increase its lending to help them address global challenges such as climate change.The Board looks forward to working with Mr. Banga on the World Bank Group Evolution process, as discussed at the April 2023 Spring Meetings, and on all the World Bank Group’s ambitions and efforts aimed at tackling the toughest development challenges facing developing countries..Source : India Today
Correct Answer : Option (C) - Puducherry
* Puducherry led the nation with 53.03% women electors in the 2024 Lok Sabha Elections, making it the state/UT with the highest percentage of women electors. * This significant milestone highlights the territory's efforts towards promoting inclusivity and gender equality in the electoral process. * The achievement is particularly notable, considering the overall increase in female electors and their participation in the elections.
Correct Answer : Option (D) - South Korea
* South Korea's parliament impeached Acting President Han Duck-soo on December 27, 2024, amid growing dissatisfaction over his refusal to appoint three judges to the Constitutional Court. * This event followed the impeachment of President Yoon Suk Yeol on December 14, 2024, after he briefly imposed martial law. * The impeachment of Han marked a historic moment as it was the first time an acting president in South Korea was impeached. * The political crisis significantly impacted the country, contributing to economic instability, with the Korean won reaching its lowest value in nearly 16 years.
Correct Answer : Option (B) - Sikkim
* The Kagyed Dance Festival is a major Buddhist celebration in Sikkim, held annually at Tsuklakhang Palace in Gangtok. * Featuring traditional Cham dances performed by masked monks, the festival symbolizes the destruction of evil forces and the welcoming of peace and prosperity. * Rooted in Tibetan Buddhism, it attracts locals and tourists alike, showcasing Sikkim's rich cultural and spiritual heritage.
