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- Which of the following points are ‘Incorrect’ with respect to the Cabinet Approval on 12th october 2022?
1) The Union Cabinet has approved the proposal of the Ministry of Petroleum & Natural Gas to give one time grant Rs 44000 crore to Oil and Natural Gas Corporation (ONGC).
2) Cabinet approves payment of Rs 1,832.09 crores Productivity Linked Bonus (PLB) equivalent to 78 days to railway employees for FY 2021-22.
3) The Prime Minister Development Initiative for North-eastern Region (PM-DevINE) was approved & will operate from FY23 to FY26.
4) The Cabinet approved the development of Container Terminal at Tuna-Tekra, Deendayal Port in Gujarat on Build, Operate & Transfer (BOT) basis under Public-Private-Partnership (PPP) mode.
5) The Union Cabinet also approved the Multi-State Cooperative Societies (Amendment) Bill, 2022 which seeks to amend the Multi-State Cooperative Societies (Amendment) Bill, 2022.Answer-1) The Union Cabinet has approved the proposal of the Ministry of Petroleum & Natural Gas to give one time grant Rs 44000 crore to Oil and Natural Gas Corporation (ONGC).
Explanation:
The Union Cabinet chaired by the Prime Minister (PM) of India Narendra Modi has approved the following proposals which were detailed by Union Minister Anurag Singh Thakur, Ministry of Information and Broadcasting (MIB) during a media briefing in New Delhi, Delhi.
• The Union Cabinet has approved the proposal of the Ministry of Petroleum & Natural Gas (MoP&NG) to give one time grant Rs 22000 crore to Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL), Undertaking Oil Marketing Companies (OMCs).
• Cabinet approves payment of Rs 1,832.09 crores productivity-linked bonus (PLB) equivalent to 78 days to railway employees for FY 2021-22.
• The Cabinet also approved the central sector scheme, Prime Minister Development Initiative for North-eastern Region (PM-DevINE), which was announced in the Budget 2022. It was approved for the remaining four years of the 15th Finance Commission from FY23 to FY26 with an allocation of Rs 6,600 crore.
• The Cabinet Committee on Economic Affairs (CCEA) chaired by the PM has approved the development of Container Terminal at Tuna-Tekra, Deendayal Port in Gujarat on Build, Operate & Transfer (BOT) basis under Public-Private-Partnership (PPP) mode.
• The Union Cabinet also approved the Multi-State Cooperative Societies (Amendment) Bill, 2022 which seeks to amend the Multi-State Cooperative Societies (Amendment) Bill, 2022.
• The Bill will incorporate the provisions of the 97th Constitutional Amendment. - Which state government recently (in Oct ‘22) notified the Kadavur Slender Loris Sanctuary, the first of its kind in India for the endangered Slender Loris?
1) Maharashtra
2) Kerala
3) Telangana
4) Tamil Nadu
5) Andhra PradeshAnswer-4) Tamil Nadu
Explanation:
The Tamil Nadu (TN) government notified the Kadavur Slender Loris Sanctuary, the first of its kind in India for the endangered Slender Loris in Karur and Dindigul districts of TN with a financial outlay of Rs. 5 crore until 2026.
i. The sanctuary will be spread across a total of 11,806 hectares after merging the forest areas of the 5,700 hectares in Karur and 6,106 hectares in Dindigul districts.
ii. According to the International Union for the Conservation of Nature (IUCN), Slender Loris is listed as an endangered species & their lifespan is approximately 15 years, protected under Schedule I of the Wild Life (Protection) Act, 1972.
iii. The Slender Loris is a small nocturnal mammal that is arboreal in nature, which spends most of its life on trees and are native to India and Sri Lanka. - Which company recently (in Oct ‘22) received a unified licence from the Department of Telecommunications (DoT), Ministry of Communications, for access services in 6 circles?
1) Reliance Jio
2) Adani Data Networks
3) Bharti Airtel
4) Vodafone Idea
5) BSNLAnswer-2) Adani Data Networks
Explanation:
Adani Data Networks, a subsidiary of the Adani Group, has been granted a unified licence by the Department of Telecommunications (DoT), Ministry of Communications, for access services in 6 circles: Andhra Pradesh, Gujarat, Karnataka, Rajasthan, Tamil Nadu, and Mumbai.
i. The Gautam Adani-led company entered the telecom industry after obtaining mm-wave band spectrum and airwaves in the most recent 5G spectrum auction.
ii. Adani Data Networks has spent Rs. 212 crore for 400 MHz of spectrum in the 26 GHz band.
iii. In Gujarat and Mumbai, the company holds 100 MHz of 5G spectrum each, and in Andhra Pradesh, Rajasthan, Karnataka, and Tamil Nadu, it has 50 MHz each. - In October 2022, RBI issued modified and consolidated guidelines viz. ‘RBI (Unhedged Foreign Currency Exposure-UFCE) Directions, 2022 with effect from _____________.
1) 1st March 2023
2) 1st February 2023
3) 1st January 2023
4) 1st December 2022
5) 1st November 2022Answer-1) 1st January 2023
Explanation:
The Reserve Bank of India (RBI) issued modified and consolidated guidelines viz. ‘RBI (Unhedged Foreign Currency Exposure-UFCE) Directions, 2022‘ w.e.f. January 1, 2023.
i. These will be applicable to all commercial banks (excluding Payments Banks and Regional Rural Banks) & directions have been issued by RBI in exercise of the powers conferred under Section 35 A of the Banking Regulation Act, 1949.
• Banks are required to assess the UFCE of all counterparties to whom they have an exposure in any currency
• Banks will have to ascertain the Foreign Currency Exposure (FCE) of all entities at least annually.
• If the potential loss/Earnings before Interest and Depreciation (EBID) from an entity’s UFCE is more than 75%, banks are required to provide for a 25 percentage point increase in total risk weight, over and above the applicable risk weight to that entity. - Name the Small Finance Bank (SFB) that recently (in Oct ‘22) partnered with Paytm to deploy card Devices.
1) Jana SFB
2) ESAF SFB
3) Suryoday SFB
4) Utkarsh SFB
5) Ujjivan SFBAnswer-1) Jana SFB
Explanation:
Paytm, subsdiary of One97 Communications Ltd. (OCL), has partnered with Jana Small Finance Bank Limited (Jana Small Finance Bank) to deploy card machines in an effort to promote digitization among Indian merchants.
i. With this collaboration, Jana Small Finance Bank will be able to offer Paytm’s All-in-One Electronic Data Capture (EDC) machines to its current and future customers, giving a one-stop solution for all of their digital payment needs.
About Jana Small Finance Bank Limited:
MD & CEO – Ajay Kanwal
Commenced Banking Operations – 2018
Headquarters – Bengaluru, Karnataka - Which bank recently (in Oct ‘22) surpassed Rs 6 trillion in Assets Under Management (AUM) under the Home Loan segment?
1) Punjab National Bank
2) Bank of Baroda
3) State Bank of India
4) Union Bank of India
5) Indian BankAnswer-3) State Bank of India
Explanation:
The State Bank of India (SBI) surpassed Rs 6 trillion in Assets Under Management (AUM) under the Home Loan segment.
i. SBI launched the Festive Bonanza for its home loan buyers. The bank had crossed Rs 5 trillion mark in January 2021.
ii. As a part of the Festive Bonanza, SBI will offer a concession of up to 0.25% on Home Loans, 0.15% on Top Up Loans, and 0.30% on Loan Against Property.
iii. The Bank also waived off the processing fees on home loans upto 31st Jan 2023. - For which bank, KG Mohan was recently (in Oct ‘22) appointed as the Non-Executive Independent Director for 3 years?
1) Karnataka Bank
2) IndusInd Bank
3) ICICI Bank
4) HDFC Bank
5) Karur Vysya BankAnswer-5) Karur Vysya Bank
Explanation:
Karur Vysya Bank (KVB) re-appointed KG Mohan as its Non-Executive Independent Director for the 2nd term of three years on its board.
i. He was re-appointed by the board in its meeting on September 22, 2022, for 3 years with effect from October 12, 2022, as an additional director under the independent category.
ii. KVB is a Scheduled Commercial Bank (SCB) in India, headquartered in Karur in Tamil Nadu. It was established in 1916. - National Securities Depository Limited (NSDL) recently (in Oct ‘22) acquired a _____ stake in the digital commerce platform Open Network for Digital Commerce (ONDC).
1) 7.2%
2) 5.6%
3) 6.9%
4) 6.2%
5) 5.2%Answer-2) 5.6%
Explanation:
National Securities Depository Limited (NSDL) acquired a 5.6% stake in the digital commerce platform Open Network for Digital Commerce (ONDC).
i. The NDSL invested Rs.10 crore to buy 1 million shares which translates to a 5.6% equity stake.
ii. ONDC is promoted by the Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce and Industry, which aims to provide a digital platform that aggregates sellers and buyers of various goods. - Who authored the book, ‘Pandemic Disruptions and Odisha’s Lessons in Governance’ that was recently (in Oct ‘22) released by Naveen Patnaik, Chief Minister (CM) of Odisha?
1) Pinaki Mishra
2) Baijayant Panda
3) Arjun Charan Sethi
4) Nagendra Pradhan
5) Amar PatnaikAnswer-5) Amar Patnaik
Explanation:
The Chief Minister (CM) of Odisha, Naveen Patnaik released a book titled ‘Pandemic Disruptions and Odisha’s Lessons in Governance’ authored by Dr Amar Patnaik, Member of Parliament(MP), Rajya Sabha (Odisha). The book is published by Vitasta Publishing Private Limited.
i. The book is a collection of various essays on pertinent contemporary issues that emerged in India during the pandemic years of 2020-21 and 2021-2022. - When was World Sight Day/ World Eye Day 2022 observed across the globe with the theme of “Love Your Eyes”?
1) 9th October 2022
2) 11th October 2022
3) 13th October 2022
4) 10th October 2022
5) 12th October 2022Answer-3) 13th October 2022
Explanation:
World Sight Day, also known as ‘World Eye Day’ or ‘World Vision Day’ 2022 was observed across the globe on 13th October 2022 with the theme of “Love Your Eyes”.
i. World Sight Day is annually observed on the second Thursday of October and coordinated by the International Agency for the Prevention of Blindness (IABP).
ii. The first-ever World Sight Day was celebrated on 8 October 1998.
iii. In May 2022 the World Health Organization (WHO) launched a new global ‘Eye Care in Health Systems: Guide for Action’ at the global level.
• According to the WHO reports, at least 2.2 billion people have vision impairment or blindness.
- Which of the following points are ‘Incorrect’ with respect to the Cabinet Approval on 12th october 2022?
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