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- According to the new rules (made in Sept’22) of Companies (Corporate Social Responsibility Policy) Amendment Rules, 2022, the expenditure for social impact assessment included in CSR spending cannot exceed______ of total CSR expenditure for the relevant fiscal year or Rs. 50 lakh, whichever is greater.
1) 3%
2) 5%
3) 2%
4) 6%
5) 7%Answer-3)2%
Explanation:
Provisions of the New CSR Rules
i.According to the CSR rules, companies are required to establish a ‘CSR Committee’ to oversee the implementation of their CSR obligations if they have any funds in their “Unspent Corporate Social Responsibility Account.”
ii.According to the new rules, expenditure for social impact assessment that can be included in CSR spending cannot exceed 2% of total CSR expenditure for the relevant fiscal year or Rs. 50 lakh, whichever is greater.
• Prior to the amendment, the rules only permitted up to 5% of total CSR spending or Rs. 50 lakh, whichever is less. - Recently (in Sept’22) what type of enhanced new generation missiles were signed for the purchase by The Ministry of Defence (MOD) with BrahMos Aerospace Pvt. Ltd. (BAPL) for additional dual-role capability?
1) Surface-to-Air Missile
2) Surface (Coast)-to-Sea Missile
3) Air-to-Air Missile
4) Air-to-Surface Missile
5) Surface-to-Surface MissileAnswer-5) Surface-to-Surface Missile
Explanation:
The Ministry of Defence (MOD) signed a contract with BrahMos Aerospace Pvt. Ltd. (BAPL) for the purchase of additional dual-role capable Surface-to-Surface BrahMos missiles at an approximate cost of Rs.1700 Crore under the “Buy-Indian” Category, giving more momentum to Aatmanirbharta in the defence sector.
• BAPL enhances the new generation of Surface-to-Surface Missiles (SSMs) with increased range and dual function capability for land and anti-ship attacks. - Which payment company has recently (in Sept’22) collaborated with the NPCI International Payments Limited (NIPL) to enable Merchant Payments via UPI-enabled QR codes?
1) Ripple
2) Airwallex
3) Citcon
4) VertoFX
5) TerraPayAnswer- 5) TerraPay
Explanation:
Cross-border payments company TerraPay headquartered in Amsterdam, The Netherlands has collaborated with the NPCI International Payments Limited (NIPL) to enable merchants in India with Unified Payments Interface (UPI) ID to make and accept cross-border payments.
• NIPL is an international arm of National Payments Corporation of India’s (NPCI). - Which life insurance company recently (in Sept’22) became the first in India to have 74% Foreign Shareholding?
1) Bajaj Allianz Life Insurance
2) Ageas Federal Life Insurance
3) Edelweiss Tokio Life Insurance
4) Aegon Life Insurance
5) Bharti AXA Life InsuranceAnswer-2) Ageas Federal Life Insurance
Explanation:
Ageas Federal Life Insurance (AFLI) became the first life insurance company in India to have 74 percent stake held by a foreign partner after the Belgium-based shareholder, Ageas Insurance International NV, completed the acquisition of the remaining 25 percent stake from IDBI Bank.
• Ageas has acquired the additional 25 percent stake of IDBI Bank in Ageas Federal Life Insurance for a total cash consideration of Rs 580 crore. - Who recently (in Sept’22) resigned from the position of the acting/interim President of the Indian Olympic Association (IOA)?
1) R. K. Anand
2) Rajeev Mehta
3) Narayana Ramachandran
4) Narinder Batra
5) Anil KhannaAnswer-5) Anil Khanna
Explanation:
The former head of All India Tennis Association (AITA), Anil Khanna resigned as the acting/interim President of the Indian Olympic Association (IOA).
• In June 2022, He took charge as the acting President of IOA after the Delhi High Court ruling ended Narinder Dhruv Batra’s reign as President of IOA.
• IOA is the governing body for the Olympic Movement and the Commonwealth Games in India.
• It is an affiliated member of the International Olympic Committee (IOC), Commonwealth Games Federation (CGF), Olympic Council of Asia (OCA) and Association of National Olympic Committee (ANOC). - When was The World Rose Day 2022 observed across the globe?
1) 22nd September
2) 21st September
3) 23rd September
4) 19th September
5) 24th SeptemberAnswer-1) 22nd September
Explanation:
World Rose Day is celebrated annually across the globe on 22 September to encourage and acknowledge cancer survivors all over the world.
• World Rose Day 2022 is a symbol of hope for cancer patients.
• The day aims to bring happiness and hope into the lives of such patients and reminds them that they can emerge victorious in their battle against cancer through determination and positivity.
Note: World Rose Day is also known as “Day for Welfare of Cancer Patients”. - Which of the following States recently (in Sept’22) signed the Status of Combined Reciprocal Common Transport Agreement (CRCTA) for State Contract Carriage and Stage Carriage among the governments?
1) NCT(National Capital Territory)-Delhi, Punjab, Madhya Pradesh and Chhattisgarh
2) Gujarat, Rajasthan, Punjab and Uttar Pradesh
3) Maharashtra, Madhya Pradesh, Rajasthan and Haryana
4) Haryana, NCT(National Capital Territory)-Delhi, Rajasthan and Uttar Pradesh
5) Uttar Pradesh, Bihar, Jharkhand and West BengalAnswer-4) Haryana, NCT(National Capital Territory)-Delhi, Rajasthan and Uttar Pradesh
Explanation:
Haryana, NCT(National Capital Territory)-Delhi, Rajasthan and Uttar Pradesh (UP) signed the Status of Combined Reciprocal Common Transport Agreement (CRCTA) for State Contract Carriage and Stage Carriage among these governments.
• The status of the agreement was discussed during a meeting of the Commissioner of Transport Secretaries/Commissioners of NCR (CoTS) held on 19th September 2022 under the Chairpersonship of Archana Agrawal, Member Secretary, National Capital Region Planning Board (NCRPB).
• The agreement will ensure seamless movement of passenger vehicles in the NCR. - With which organisation did the National Cadet Corps (NCC) recently (in Sept’22) sign a Memorandum of Understanding (MoU) to achieve the Universal goal of Clean Water Bodies?
1) United Nations Environment Programme
2) United Nations Development Programme
3) United Nations Human Settlements Programme
4) Ministry of Jal Shakti
5) National Institution for Transforming IndiaAnswer-1) United Nations Environment Programme
Explanation:
The United Nations Environment Programme (UNEP) signed a Memorandum of Understanding (MoU) with the youth wing of the Indian Armed Forces National Cadet Corps (NCC) to tackle the issue of plastic pollution and achieve the universal goal of clean water bodies through ‘Puneet Sagar Abhiyan’ and ‘Tide Turners Plastic Challenge programme’.
Aim:
The MoU between NCC and UNEP aims to coordinate and combine efforts to encourage young people to support clean water bodies. - Which organisation has been barred recently (in Sept’22) by the Reserve Bank of India (RBI) from carrying out any recovery or repossession activity through outsourcing arrangements?
1) Aditya Birla Finance Ltd.
2) IDFC First Bank Ltd.
3) HDB Finance Services
4) Mahindra & Mahindra Financial Services Ltd.
5) Muthoot Finance Ltd.Answer-4) Mahindra & Mahindra Financial Services Ltd.
Explanation:
RBI, in exercise of its powers under section 45L(1)(b) of the RBI Act, 1934, bars Mahindra & Mahindra Financial Services Ltd. (MMFSL), Mumbai (Maharashtra) from carrying out any recovery or repossession activity through outsourcing arrangements, with immediate effect.
• However, it may carry out recovery or repossession activities, through its own employees.
• MMFSL is a Non-Banking Financial Company (NBFC). - Which airline recently (in Sept’22) signed a Memorandum of Understanding (MoU) with the Council of Scientific and Industrial Research – Indian Institute of Petroleum (CSIR–IIP) for Sustainable Aviation Fuels (SAFs)?
1) Tata Group Airlines
2) IndiGo Airline
3) SpiceJet Airline
4) Go First Airline
5) Jet Airways AirlineAnswer-1) Tata Group Airlines
Explanation:
The Tata-owned airlines – Air India, AirAsia India and Vistara (Tata SIA Airlines), signed a Memorandum of Understanding (MoU) with the Council of Scientific and Industrial Research – Indian Institute of Petroleum (CSIR–IIP).
• The agreement is to collaborate and work together on the research, development and deployment of Sustainable Aviation Fuels (SAFs).
• The objective of the agreement is that the two sides will work together in many other areas related to sustainable aviation
- According to the new rules (made in Sept’22) of Companies (Corporate Social Responsibility Policy) Amendment Rules, 2022, the expenditure for social impact assessment included in CSR spending cannot exceed______ of total CSR expenditure for the relevant fiscal year or Rs. 50 lakh, whichever is greater.
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