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- According to the Futures Industry Association (FIA), which stock exchange body has emerged as the world’s largest derivatives exchange in terms of the number of contracts traded in 2022 for the 4th consecutive year?
1) Shanghai Stock Exchange
2) Bombay Stock Exchange of India
3) New York Stock Exchange
4) National Stock Exchange of India
5) London Stock ExchangeAnswer-4) National Stock Exchange of India
Explanation:
According to the Futures Industry Association (FIA), a derivatives trade body, the National Stock Exchange of India Ltd (NSE India) has once again emerged as the world’s largest derivatives exchange in terms of the number of contracts traded in 2022.
• The NSE India has retained its top spot for a record-breaking 4th year in a row.
About the National Stock Exchange of India Ltd (NSE India):
MD & CEO – Ashishkumar Chauhan
Incorporated in – 1992 (commenced operations as a stock exchange in 1994)
Headquarters – Mumbai, Maharashtra - Which asset management company has recently (in Jan ‘23) launched India’s first passive short-duration index fund?
1) Tata Asset Management
2) Kotak Mahindra Asset Management
3) ICICI Prudential Asset Management
4) HDFC Asset Management
5) Edelweiss Asset ManagementAnswer-5) Edelweiss Asset Management
Explanation:
Edelweiss Asset Management Limited, one of India’s fastest-growing AMCs, has launched the “Edelweiss CRISIL IBX 50:50 Gilt Plus SDL Short Duration Index Fund”, India’s first passive short-duration index fund.
• This New Fund Offer (NFO) is open for subscription from January 27,2023 to February 10, 2023.
i. Edelweiss CRISIL IBX 50:50 Gilt Plus SDL Short Duration Index Fund, an open-ended index fund, would invest in 50% Indian Government Bonds (IGBs) and 50% State Development Loans (SDLs), subject to tracking errors.
ii. It will replicate the Edelweiss CRISIL IBX 50:50 Gilt Plus SDL September 2028 Index Fund, which was launched in October 2022, as a new Target Maturity Index Fund. This fund is designed to invest in a diverse portfolio of IGBs and SDLs. - According to the World Economic Situation and Prospects (WESP) 2023 Report released by the United Nations (UN) in January 2023, India’s Gross Domestic Product (GDP) growth forecast decreased by _________ (basis points) to 5.8% for 2023.
1) 40bps
2) 30bps
3) 20bps
4) 10bps
5) 30bpsAnswer-3) 20bps
Explanation:
The United Nations (UN) in its World Economic Situation and Prospects (WESP) 2023 Report slashed India’s Gross Domestic Product (GDP) growth forecast for the calendar year 2023 by 20bps (Basis Points) to 5.8% (from an estimated 6.4% in 2022) amid tighter monetary policy and weak global demand.
• However, for FY 2023-24, it kept its growth forecast unchanged for India at 6%.
i. The report is written by the UN’s Department of Economic and Social Affairs (UNDESA), the UN Conference on Trade and Development (UNCTAD), and the regional economic commissions for Africa, Europe, Latin America and the Caribbean, Asia and the Pacific, and Western Asia.
ii. The global economic growth will slow down to 1.9% in 2023, one of the lowest in recent decades, from 3.1% previously forecast.
• The global growth in 2022 was 3% and it was expected to increase to 2.7% in 2024. - Which company has recently (in Jan ‘23) signed an MoU with the Rolls Royce Solutions of Germany to manufacture Rolls Royce Marine Diesel Engines in India?
1) Mazagon Dock Shipbuilders Limited
2) Garden Reach Shipbuilders and Engineers Limited
3) Cochin Shipyard Limited
4) Hindustan Shipyard Limited
5) Goa Shipyard LimitedAnswer-2) Garden Reach Shipbuilders and Engineers Limited
Explanation:
Garden Reach Shipbuilders and Engineers (GRSE) Limited, a Mini Ratna Category 1 Defence PSU, signed a Memorandum of Understanding (MoU) with Rolls Royce Solutions of Germany to locally manufacture Rolls Royce’s high-quality marine diesel engine in India.
• The MoU aims to strengthen the ‘Make in India’ initiative.
i. According to the agreement, GRSE and Rolls Royce Solutions will work together to localise and produce the technologically advanced MTU S4000 (Maximum Transmission Unit Series 4000) governmental marine engines.
ii. These 746-4300 Kilowatt (KW) power output engines are compact, reliable, and easy to maintain and the S4000 engines will power Fast Patrol Vessels (FPVs), Interceptor Boats (IBs), and Fast Attack Crafts (FACs) built by GRSE and other shipyards around India. - Name the company that has recently (in Jan ‘23) flagged off the 1st export consignment of AVGAS (aviation gasoline) 100 LL to Papua New Guinea from Jawaharlal Nehru Port Container Terminal (JNPT).
1) Indian Oil Corporation Limited
2) Oil and Natural Gas Corporation
3) Hindustan Petroleum Limited
4) Bharat Petroleum Limited
5) Oil India LimitedAnswer-1) Indian Oil Corporation Limited
Explanation:
Tamil Nadu-based Indian Oil Corporation (IOC) Limited has started the export of its Special Aviation Fuel (SAF) for small aircraft and unmanned aerial vehicles (UAVs), AVGAS (aviation gasoline) 100 LL.
i. IOC Chairman S M Vaidya flagged off the first export consignment of AVGAS 100 LL to Papua New Guinea from Gateway Terminals India (GTI) of Jawaharlal Nehru Port Container Terminal (JNPT).
ii. The shipment consisted of 16 KL (Kilolitre) of AVGAS packed in 80 barrels and was sent on 27th January 2023.
• India’s largest auto fuel retailer aims to tap the USD 1.92 billion AVGAS market by exporting the SAF which was launched in 2022. - In January 2023, Petr Pavel, former chairman of the North Atlantic Treaty Organisation (NATO) military committee, was elected as the 4th President of __________ (country) with effect from March 2023.
1) Romania
2) Czech Republic
3) Republic of Croatia
4) Hungary
5) BulgariaAnswer-2) Czech Republic
Explanation:
Petr Pavel (61-year-old), the former chairman of the North Atlantic Treaty Organisation (NATO) military committee, won the runoff vote defeating former Prime Minister (PM) Andrej Babis, to become the 4th President of the Czech Republic.
• He will succeed Milos Zeman who steps down in March 2023 at the end of his 2nd term.
i. Petr Pavel served as the Chairman of the NATO Military Committee from 2015 to 2018.with his term beginning in 2015 and retiring in 2018.
ii. Paris awarded Petr Pavel the highest French order of merit, the National Order of the Legion of Honour (formerly the Royal Order of the Legion of Honour), in 2012 for his bravery. - Who was appointed as the brand ambassador of the National Mineral Development Corporation (NMDC) Limited?
1) Vinesh Phogat
2) PV Sindhu
3) Amit Panghal
4) Nikhat Zareen
5) Neeraj ChopraAnswer-4) Nikhat Zareen
Explanation:
NMDC Limited, formerly National Mineral Development Corporation, a Public Sector Undertaking (PSU) under the Ministry of Steel, has signed a Memorandum of Agreement (MoA) with Nikhat Zareen, World Boxing Champion and gold medal winner of Birmingham 2022 Commonwealth Games, to representing NMDC as its brand ambassador.
i. In 2022, she won the gold at the 2022 IBA Women’s World Boxing Championship in Istanbul, Turkey.
• She became the 5th Indian woman to win the gold medal at the IBA World Boxing Championship after Jeeny R.L., Mary Kom, Lekha K.C., and Laishrma Sarita Devi.
ii. Nikhat Zareen received the Arjuna Award for Boxing from Draupadi Murmu, President of India, in 2022. - Name the country that has recently (in Jan ‘23) defeated Belgium to win the FIH Odisha Hockey Men’s World Cup 2023 and claimed their 3rd hockey world cup title.
1) Netherlands
2) Germany
3) Australia
4) Spain
5) New ZealandAnswer-2) Germany
Explanation:
Germany (Nickname: Die Honamas) won the FIH Odisha Hockey Men’s World Cup 2023, the 15th edition of the Men’s FIH Hockey World Cup, by defeating Belgium(Nickname: The Red Lions) by 5-4 in the Penalty shootout during the finals held in Kalinga Stadium in Bhubaneswar, Odisha.
• This marks Germany’s 3rd hockey World Cup title, earlier they won the world cup in 2002 and 2006.
i. With this win, Germany tops the FIH Men’s World Outdoor Rankings(as of 29th January 2023). Netherlands and Belgium are ranked 2nd and 3rd.
• India is ranked 6th on the FIH Men’s World Outdoor Rankings.
ii. The Indian hockey team, captained by Harmanpreet Singh, finished its campaign at the FIH Men’s Hockey World Cup 2023 on a winning note with a 5-2 victory over South Africa. With this win, India along with Argentina finished 9th on the Men’s hockey world cup 2023 ranking.
ii. FIH Global Leadership Partner for the 2023 FIH Men’s Hockey World Cup: Hero MotoCorp. - Who authored the book, “The Poverty of Political Economy: How Economics Abandoned the Poor”?
1) Sheila Dow
2) Meghnad Desai
3) Philip Arestis
4) Malcolm Sawyer
5) John GrahlAnswer-2) Meghnad Desai
Explanation:
India-born naturalised British economist Meghnad Desai has authored a new book titled “The Poverty Of Political Economy: How Economics Abandoned the Poor” which highlights how the discipline of economics, since the time it evolved from the late 18th century, systematically kept the interests of the poor at the periphery.
• The book is published by HarperCollins Publishers India.
i. Through this book, Meghnad Desai studies the contributions of economics to domestic and international politics from Adam Smith to John Maynard Keynes, and from the Great Depression to the collapse of the Lehman Brothers. - What is the theme of the 70th World Leprosy Day (WLD) that was observed across the globe on 29th January 2023?
1) Ending discrimination, stigma and prejudice, is fundamental to ending leprosy
2) United for Dignity
3) Act Now: End Leprosy
4) Let us fight Leprosy and make Leprosy a history
5) Beat Leprosy, End Stigma and Advocate for Mental Well-BeingAnswer-3) Act Now: End Leprosy
Explanation:
The World Leprosy Day (WLD) is annually observed across the globe on the last Sunday of January to create awareness about the fact that Leprosy, otherwise known as Hansen’s disease, still exists and to educate people to end leprosy-related stigma and discrimination.
i. World Leprosy Day 2023 falls on 29th January 2023 and the theme for World Leprosy Day 2023 is ‘Act Now: End Leprosy’.
• 29th January 2023 marks the observance of the 70th World Leprosy Day.
ii. World Leprosy Day was established in 1954 by French journalist and activist, Raoul Follereau with 2 goals.
Note- In India, Leprosy Day is annually observed on 30th January to coincide with the death anniversary of Mahatma Gandhi, who did much work with persons affected by leprosy.
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