Agreements and MoU MCQ Quiz - Objective Question with Answer for Agreements and MoU - Download Free PDF

The Correct Answer is ​C-DOT and Synergy Quantum India Pvt Ltd.

In News

• C-DOT and Synergy Quantum partner to develop drone-based quantum key distribution technology.

Key Points

• C-DOT (Centre for Development of Telematics) signed an MoU with Synergy Quantum India Private Limited.

• Synergy Quantum is a deep-tech firm focused on quantum technologies.

• The goal: to develop drone-based Quantum Key Distribution (QKD) systems.

• QKD will use the decoy-based BB84 protocol with polarization encoding.

• Targeted Technology Readiness Level (TRL): 6 or higher.

• The initiative supports "Atmanirbhar Bharat", promoting indigenous innovation in secure telecom.

• The collaboration includes:

  • Joint R&D in quantum communication for drones.

  • Co-creating proposals for national/international research grants.

  • Publishing research papers, organizing conferences, symposia, and expert talks.

The Correct Answer is ​Coastal Mechanics Inc.

In News

• Reliance Infra inks ₹20,000 crore defence pact with US firm to service India’s jets, choppers.

Key Points

• Reliance Defence Limited, backed by Reliance Infrastructure, has partnered with Coastal Mechanics Inc (CMI), a US DoD-authorised contractor.

• Aim: To tap into India’s ₹20,000 crore defence MRO and upgrades market.

• Focus: MRO (Maintenance, Repair & Overhaul), upgrades, and lifecycle support for the Indian Armed Forces.

• Target platforms: Jaguar, MiG-29 fighter aircraft, Apache attack helicopters, L-70 air defence guns, and other legacy systems.

• A joint venture will be established at MIHAN, Nagpur (Multi-modal International Cargo Hub and Airport).

• The facility will cater to both domestic and export markets.

The Correct Answer is SatSure and Dhruva Space.

In News

• SatSure, Dhruva Space collaborate to offer end-to-end space-based solutions.

Key Points

• SatSure, a Bengaluru-based earth observation (EO) startup, signed an MoU with Dhruva Space, based in Hyderabad.

• The goal is to offer Earth Observation-as-a-Service (EOaaS) solutions.

• The two will develop indigenous space-based solutions for commercial stakeholders.

• SatSure’s subsidiary, KaleidEO, will contribute its downstream capabilities, including EO payloads and analytics platforms.

• Dhruva Space brings upstream expertise like small satellite platforms, launch integration, and ground station infrastructure.

• Aim: To deliver sovereign EO services with faster mission timelines and higher reliability.

The Correct Answer is Pune.

In News

• LTTS, Thyssenkrupp to set up automotive software development centre in Pune.

Key Points

• Thyssenkrupp Steering, a global steering systems provider, has partnered with L&T Technology Services (LTTS).

• They have signed a strategic agreement to set up a software development centre in Pune, India.

• The centre will be established and managed by LTTS on behalf of thyssenkrupp Steering.

• Focus: Developing safety-critical software for advanced steering technologies.

• The facility supports thyssenkrupp’s global engineering expansion strategy.

The Correct Answer is Adani Total Gas.

In News

• Adani Total Gas, Reliance's Jio-bp partner to offer each other’s fuels in select outlets.

Key Points

• Mukesh Ambani’s Jio-bp and Gautam Adani’s Adani Total Gas Ltd. (ATGL) have partnered in fuel retail.

• Purpose: To expand fuel distribution in India’s $150 billion fuel market.

• Under the deal:

  • ATGL outlets will sell Jio-bp’s petrol and diesel.

  • Jio-bp outlets will dispense ATGL’s CNG in authorized Geographical Areas (GAs).

• This is the second collaboration between the two:

  • The first was Reliance’s 26% stake in Adani’s 500 MW power project.

• Aim: To enhance auto fuel experience by leveraging complementary strengths across both retail networks.

The correct answer is Gujarat.

Key Points

• The World Health Organization (WHO) and the Government of India on 25 March 2022 signed an agreement to establish Global Centre for Traditional Medicine in Gujarat.
• The centre will be set up at Jamnagar with its interim office at the Institute of Training and Research in Ayurveda in Gujarat.
• The primary objective of GCTM is to harness the potential of traditional medicine from across the world.

Additional Information

• Gujarat:
  • Number of Districts - 33.
  • Lok Sabha seats - 26.
  • Rajya Sabha seats - 11.
  • State Animal - Asiatic lion.
  • State Bird - Greater flamingo.
  • National Parks - Vansda National Park, Blackbuck National Park, Gir Forest National Park, Marine National Park.
  • Dams - Sardar Sarovar Dam(Narmada River), Ukai Dam (Tapti River), Dantiwada Dam (Banas River), Kadana dam (Mahi River), Kamleshwar Dam(Hiran River).
  • Registered GI: Agates of Cambay, Kutch Embroidery, Patan Patola.

The correct answer is European Union.

• The Global Climate Change Alliance is an initiative of the European Union.

Key Points

• The Global Climate Change Alliance​:
  • The objective of the initiative is to build a new alliance on climate change between the European Union and the poor developing countries that are most affected and that have the least capacity to deal with climate change.
  • It was created in 2007.
  • After the Paris Agreement on Climate Change in 2015, the GCCA became the GCCA+ initiative and has expanded to include middle-income countries and supporting the implementation of Nationally Determined Contributions (NDCs).
  • The eight sectors in which GCCA/GCCA+ operates are:
    • Agriculture and food security which includes fisheries.
    • Economic development and tourism
    • Education and research
    • Environment and natural resources which includes forestry.
    • Water and sanitation
    • Disaster risk reduction DRR
    • Energy
    • Infrastructure, transport, waste management, and information and communication technology (ICT).

Additional Information

Some of the World organizations:

The correct answer is Karnataka.

Key Points

• Israel-based ISMC Analog Fab Private Ltd will invest ₹22,900 crores in Karnataka to set up a chip-making plant.
• An MoU has been signed in this regard.
• India’s first semiconductor fabrication plant is expected to generate more than 1,500 direct jobs and 10,000 indirect jobs.
• ISMC is a joint venture between Abu Dhabi-based Next Orbit Ventures and Israel's Tower Semiconductor.

Additional Information

• ​Karnataka is a state in southwest India with Arabian Sea coastlines.
• The capital, Bengaluru (formerly Bangalore), is a high-tech hub known for its shopping and nightlife.
• Hampi (Karnataka), once the medieval Vijayanagara empire’s capital, contains ruins of Hindu temples, elephant stables and a stone chariot.
• ​Karnataka:
  • Governor: Thawar Chand Gehlot
  • Capital: Bengaluru (Executive Branch)
  • Chief minister: Siddaramaiah

The correct answer is World Economic Forum.

Key Points

• The World Economic Forum (WEF) and the National Institute of Urban Affairs have signed an MoU to design the ‘Sustainable Cities India' program.
• It is aimed at enabling cities to generate decarbonization solutions across different sectors.
• They will adapt the WEF's 'City Sprint' process and 'Toolbox of Solutions' for decarbonization in the context of 5-7 Indian cities across 2 yrs.

Additional Information

• The World Economic Forum is an international non-governmental and lobbying organisation.
• ​World Economic Forum:
  • Headquarters: Cologny, Switzerland.
  • Founder: Klaus Schwab.
  • Founded: January 1971.

The correct answer is Bharat Dynamics Limited (BDL).

Key Points

• The Ministry of Defence signed a contract on 31 May 2022 with Bharat Dynamics Limited (BDL) for building Astra Mark-1 Beyond Visual Range (BVR) Air-to-Air missiles (AAM) worth Rs 2,971 crore.
• The Astra Mark-1 missile has been developed by the Defence Research & Development Organisation (DRDO).
• The missiles will be delivered to the Indian Air Force as well as to the Indian Navy.

Additional Information

• ​Bharat Dynamics Limited is one of India's ammunition and missile systems manufacturers.
• It was founded in 1970 in Hyderabad, Telangana, India.
• ​Bharat Dynamics Limited:
  • Headquarters: India
  • Founded: 1970
  • Chairman & MD: Commodore Siddharth Mishra

The correct answer is Sri Lanka.

Key Points

• Sri Lanka has signed an agreement with India to jointly redevelop the strategic World War II-era oil tank farm in the eastern port district of Trincomalee.
• 85 of the 99 tanks now will be under the Sri Lankan control which had previously remained under Indian control.
• The joint venture will be for a lease period of 50 years.
• The new agreement will be an extension of the 2002 agreement.

Additional Information

• 15th edition of the Maldives, India, and Sri Lanka biennial Trilateral Exercise ‘Dosti’ was conducted in the Maldives from 20-24 November 2021.
• Sri Lanka’s first-ever Test captain Bandula Warnapura passed away in November 2021.
• The 8th edition of the India-Sri Lanka bilateral joint Exercise “Mitra Shakti-21” was held at  Ampara in Sri Lanka from October 4 to 15, 2021.
  • Sri Lanka Capital: Sri Jayawardenepura Kotte (legislative)
    Colombo (executive and judicial)
  • Currency: Sri Lankan rupee.
  • Sri Lanka President: Ranil Wickremesinghe (As of November 2022).

The correct answer is Ministry of Railways.

Key Points

• A ‘Joint Parcel Product’ (JPP) of India Post and Indian Railways is being developed, wherein first-mile and last-mile connectivity will be provided by the Department of Posts.
• The intermediate connectivity from station to station shall be done through Railways. 
• This will first be such an exercise where freight and parcels will be delivered to the doors of the receiver.

Additional Information

• ​Prime Minister Narendra Modi and his Nepalese counterpart Sher Bahadur Deuba on 02 April 2022 four documents and MoUs were signed and exchanged between India and Nepal in the railways and energy sectors.
• On 30 March 2022, Konkan Railway has accomplished 100% Rail electrification of its entire stretch.
• Railway Sports Promotion Board has been crowned as the champions of the 2nd Hockey India Senior Women Inter-Department National Championship 2022 on 30 March 2022.

The correct answer is Aditi Ashok.

Key Points

• Hyundai Motor India Ltd (HMIL) signed an MoU with Aditi Ashok in December 2021 to strengthen the brand’s voice, spirit and innovative approach.
• As part of the two-year association, Hyundai will work closely with Aditi representing HMIL’s Young & Progressive Imagery.
• Aditi Ashok is the 2020 Arjuna Awardee and World’s only golfer who has made the cut in every major golf format.
• Aditi will be seen as a brand ambassador and will be representing Hyundai at national and international sports tournaments and championships.

Additional Information

• Recent Appointment of Ambassadors:
  • Plant-based meat company GoodDot has signed up Olympics gold medallist Neeraj Chopra as its brand ambassador.
  • Bengaluru-based fintech firm Kinara Capital has signed Indian cricketer Ravindra Jadeja as its brand ambassador.
  • Naomi Kawase was appointed a UNESCO Goodwill Ambassador.
  • Smriti Mandhana has been appointed as brand ambassador for GUVI.
  • Sanjay Dutt has been appointed as the brand ambassador for Arunachal Pradesh.
  • In a bid to speed up the vaccination drive in Maharashtra, the Maharashtra government has decided to make actor Salman Khan the vaccine ambassador of the state.

The correct answer is 3.

Key Points

• Union Cabinet approves the Opening of 3 Indian Missions in Estonia, Paraguay and the Dominican Republic.
• The main objective of India's foreign policy is to build a conducive environment for India’s growth and development through partnerships with friendly countries. 
• Opening of Indian Missions in these three countries will help to:
  • Expand diplomatic footprint.
  • Deepen political relations.
  • Growth of bilateral trade.
  • Investment and economic engagements.
  • Stronger people-to-people contacts.
• This decision is a forward-looking step in pursuit of our national priority of growth and development or ‘Sabka Saath Sabka Vikas’.
• The Union Cabinet was chaired by Prime Minister Narendra Modi.

The correct answer is ICICI Bank.

Key Points

• ICICI Bank has signed an agreement for investment in National Asset Reconstruction Company Limited (NARCL).
• NARCL is an asset reconstruction company, which was incorporated in 2021.
• The bank will acquire up to 5% equity holding in NARCL with total cash consideration of up to ₹137.5 crores in tranches.
• Equity investment would be in tranches with the first tranche to be completed by March 31, 2022.

Additional Information

• Finance Minister Nirmala Sitharaman had in her Budget 2021 speech announced the creation of National Asset Reconstruction Company (NARCL) or bad bank to resolve large cases of stress.
• NARCL has been set up by banks to aggregate and consolidate stressed assets for their subsequent resolution.
• Public sector banks (PSBs) will maintain about 51% ownership in NARCL.
• A bad bank is a corporate entity that alienates illiquid and risky assets held by banks and financial institutions or a group of banks.
• It is created to help banks clear their balance sheets by transferring their bad loans so that the banks can focus on their core business of taking deposits and lending money.