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- Name the Indian Naval ship (INS) that has recently (in June ‘23) participated in the 4th edition of Multilateral Naval Exercise “Komodo” (MNEK 2023) held in Indonesia.
1) INS Shivalik
2) INS Vikramaditya
3) INS Vikrant
4) INS Satpura
5) INS TrikandAnswer-4) INS Satpura
Explanation:
Indian Naval ship (INS) Satpura participated in the 4th edition of Multilateral Naval Exercise “Komodo” (MNEK 2023) held in and around Makassar, South Sulawesi, Indonesia from June 4 to 8 2023.
• INS Satpura participated in the exercise as part of the Indian Navy’s deployment to ASEAN (Association of Southeast Asian Nations) countries.
• INS Satpura also represented the Indian Navy at the International Fleet Review (IFR) reviewed by President of Indonesia Joko Widodo on 5th June 2023.
i. Indian Navy’s participation in the MNEK exercise series is a reaffirmation of India’s commitment to ‘Act East’ (Maritime Cooperation) in its attempt to ensure ‘Security and Growth for All in Region’ (SAGAR).
ii. Participants in MNEK 2023: The navies of 36 countries including the United States of America (USA), Australia, Brazil, Bangladesh, Canada, China, and India celebrated the opening of the international exercise of the 2023 MNEK.
• Theme: The theme of MNEK 2023 was “Partnership to recover and to rise stronger.” - In June 2023, North Atlantic Treaty Organization (NATO) began its air force deployment “Air Defender 23” Exercise in Europe.
Which country is hosting the “Air Defender 23” Exercise from 12th to 23rd June 2023?
1) Norway
2) Germany
3) Sweden
4) Poland
5) DenmarkAnswer-2) Germany
Explanation:
On 12th June 2023, North Atlantic Treaty Organization (NATO) began its German(host) led air force deployment “Air Defender 23” exercise in Europe.
i. The exercise is scheduled to be held from 12th-23rd June 2023 and includes 250 military aircraft from 25 NATO and partner countries including Japan and Sweden.
ii. The exercise will focus on keeping up the United States (US) presence in Europe and providing training on a larger scale. The exercise intends to boost interoperability and preparedness to protect against drones and cruise missiles in the case of an attack within NATO territory.
iii. “Air Defender” was conceived in 2018 to respond to the Russian annexation of Crimea from Ukraine. - Name the financial inclusion dashboard that has recently (in June ‘23) launched by the Reserve Bank of India (RBI) Governor, Shaktikanta Das.
1) Antarchitavan
2) Antargyan
3) Antardrishti
4) Jyotidrishti
5) AntarbodhAnswer-3) Antardrishti
Explanation:
In June 2023, the Reserve Bank of India (RBI) Governor, Shaktikanta Das, launched a financial inclusion dashboard named ‘Antardrishti‘.
• ‘Antardrishti’ in Hindi means “Insight”.
i. Purpose: The dashboard provides the necessary insight to assess and track the development of financial inclusion by recording relevant data.
ii. Financial Inclusion aims to provide access to affordable and appropriate financial products and services like savings accounts, credit, insurance, and payment systems.
• RBI had constructed the Financial Inclusion (FI) Index in 2021, to measure the extent of financial inclusion.
• The FI index comprises 3 parameters, ‘Access (35% weightage), Usage (45%), and Quality (20%). - Name the Payments Bank that has recently (in June ‘23) partnered with Hubble Money to introduce the world’s first spending account.
1) Fino Payments Bank
2) India Post Payment Bank
3) Airtel Payment Bank
4) Paytm Payment Bank
5) Jio Payment BankAnswer-1) Fino Payments Bank
Explanation:
Fino Payments Bank Ltd. has partnered with Bengaluru (Karnataka)-based fintech company Hubble Money to introduce India’s and world’s first spending account aimed at helping customers manage their finances, track expenses, and earn rewards on purchases.
i. This partnership is made under Fino Payments Bank’s Fino 2.0 initiative to strengthen its digital offerings and enhance the overall customer experience.
ii. It will target GenZ and millennial customers, and cater to their aspirations and lifestyle changes. - In June 2023, the Securities and Exchange Board of India (SEBI) introduced a regulatory framework for online investment (Execution Only) Platforms that facilitate investments in direct (commission-free) plans of schemes of mutual fund (MF) with effect from _____________, 2023.
1) 1st July
2) 1st August
3) 1st October
4) 1st November
5) 1st SeptemberAnswer-5) 1st September
Explanation:
On June 13, 2023, the Securities and Exchange Board of India (SEBI) introduced a regulatory framework for online investment (Execution Only) Platforms that facilitate investments in direct (commission-free) plans of schemes of mutual fund (MF) w.e.f. September 01, 2023.
• This brings clarity on obligations of such platforms, and also addresses investor concerns on associated risks and introduces grievance redressal mechanisms.
i. This circular by SEBI is issued in exercise of the powers conferred under Section 11(1) of the SEBI Act, 1992 to protect the interest of investors in securities and to promote the development of the securities market.
ii. Platforms providing MF investment services in direct (commission-free) plans will have to apply for ‘Execution Only Platform’ (EOP) licence either with SEBI or the Association of Mutual Funds in India (AMFI) within three months of the regulation coming into force. - According to the data released by MFIN (Microfinance Institutions Network) in June 2023, the Gross loan portfolio of the microfinance industry increased by ________in FY23 to Rs 3.5 lakh crore, serving 6.6 crore unique borrowers.
1) 28%
2) 44%
3) 22%
4) 40%
5) 32%Answer-3) 22%
Explanation:
According to the data released by MFIN (Microfinance Institutions Network), the Gross loan portfolio of the microfinance industry increased by 22% in FY23 to Rs 3.5 lakh crore, serving 6.6 crore unique borrowers.
• The number of active microfinance loan accounts increased by 14.6% to 13 crore as on March 2023.
i. NBFC-MFIs (Non-Banking Finance Companies – Microfinance institutions) continued to be the largest provider of micro-credit in terms of loans outstanding, with their share of the total industry portfolio rising to 40% in FY23 from 35.2% in FY22.
ii. With a market share of 34% banks held the second place followed by small finance banks(SFB) at 16.6%. - Name the personality who has recently (in June ‘23) elected as the chair-elect of the International Air Transport Association (IATA) Board of Governors.
1) Silver Munyaneza
2) Yvonne Manzi Makolo
3) Pieter Elbers
4) Stella Murungi
5) Isah ByarugabaAnswer-3) Pieter Elbers
Explanation:
Pieter Elbers, the Chief executive officer(CEO) of InterGlobe Aviation Limited (IndiGo), has been elected as the chair-elect of the International Air Transport Association (IATA) Board of Governors. He will succeed the current chairman Yvonne Manzi Makolo, the CEO of Rwandair, in June 2024.
• The announcement was made during the 79th IATA Annual General Meeting (AGM) and World Air Transport Summit, Istanbul, Turkey from June 4-6, 2023.
i. He has served as the president and CEO of the Netherlands’ flag carrier airline, KLM Royal Dutch Airlines, from 2014 to 2022.
ii. IATA is a trade association of airlines, founded in 1945, headquartered in Montreal, Canada. - Which Mutual Fund company has recently (in June ‘23) received Insurance Regulatory and Development Authority of India (IRDAI) approval to acquire upto 10% of the total paid up equity share capital of ICICI Lombard General Insurance Company Limited?
1) SBI Mutual Fund
2) Tata Mutual Fund
3) L&T Mutual Fund
4) DSP Mutual Fund
5) HSBC Mutual FundAnswer-1) SBI Mutual Fund
Explanation:
On 12th June 2023, Insurance Regulatory and Development Authority of India (IRDAI) gave its approval to SBI Mutual Fund (SBIMF) to acquire upto 10% of the total paid up equity share capital of ICICI Lombard General Insurance Company Limited (ICICI Lombard) through market purchase.
• By the end of March 2023, SBIMF, through various schemes, held 4.62% stake in ICICI Lombard, while ICICI Bank held 48.02%.
i. The IRDAI has instructed SBIMF to verify that its total shareholding, including those of group entities or body corporate under the same management, shall not exceed 10% of the total paid-up equity share capital. - Which of the following warships of Indian Naval Ship (INS) has/have launched by the Garden Reach Shipbuilders and Engineers Ltd. (GRSE) at the shipbuilding facility of Larsen & Toubro (L&T) in Chennai, Tamil Nadu?
1) INS Arnala
2) INS Sanshodhak
3) INS Anjadip
4) Both 1 & 2
5) Both 2 & 3Answer-5) Both 2 & 3
Explanation:
On June 13, 2023, two warships of INS (Indian Naval Ship) ‘Anjadip’, the 3rd of eight indigenously built Anti-Submarine Warfare Shallow Water Craft (ASW-SWC), and INS ‘Sanshodhak’, the 4th and last in the series of Survey Vessels (Large) (SVL) Project, were launched by Garden Reach Shipbuilders and Engineers Ltd. (GRSE) at the shipbuilding facility of Larsen & Toubro (L&T) in Kattupalli, Chennai, Tamil Nadu.
• GRSE is now building eight ASWSWCs and four SVLs for the Indian Navy and the Ships are at various stages of completion.
i. INS Anjadip was launched by Priya Pandit, wife of Vice Admiral R B Pandit, Param Vishisht Seva Medal (PVSM), Ati Vishisht Seva Medal (AVSM), Commander-in-Chief, Strategic Forces Command.
• It is built by Garden Reach Shipbuilders and Engineers Ltd. (GRSE), Kolkata, West Bengal.
ii. INS ‘Sanshodhak’, the fourth and last in the series of Survey Vessels (Large) (SVL) Project, being built by L&T/ GRSE for the Indian Navy was launched on 13 June 2023 at Kattupalli, Chennai. - When was World Blood Donor Day (WBDD) 2023 observed across the globe?
1) 12th June 2023
2) 10th June 2023
3) 13th June 2023
4) 11th June 2023
5) 14th June 2023Answer-5) 14th June 2023
Explanation:
World Blood Donor Day (WBDD) 2023 was observed on 14th June 2023 across the globe to raise awareness about the significance of donating blood, and to thank voluntary, unpaid blood donors for their life-saving gifts of blood.
i. The annual observance of WBDD is led by the World Health Organization (WHO).
ii. The slogan/theme for 2023 WBDD campaign is “Give blood, give plasma, share life, share often.”
- Name the Indian Naval ship (INS) that has recently (in June ‘23) participated in the 4th edition of Multilateral Naval Exercise “Komodo” (MNEK 2023) held in Indonesia.
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