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- Which state’s Kangra Tea has recently (in March ‘23) received a European Union (EU) Geographical Indication Tag (GI Tag)?
1) Arunachal Pradesh
2) Assam
3) Himachal Pradesh
4) Sikkim
5) UttarakhandAnswer-3) Himachal Pradesh
Explanation:
On 29th March 2023, Himachal Pradesh’s Kangra Tea got a European Union (EU) Geographical Indication Tag (GI Tag). This will offer an opportunity for the Kangra tea to enter the European Market.
i. Kangra tea is a type of tea that is grown in the Himachal Pradesh region of India. Since 1999, the cultivation and development of kangra tea have been improved in the Kangra region (‘Valley of Gods’) of Himachal Pradesh.
ii. Kangra tea is grown 900-1,400 meters above sea level with the annual rainfall being 270-350 centimeters (cm), on the slopes of the Dhauladhar mountain range in the Western Himalayas.
• The Kangra tea received the Indian GI tag in 2005. - Which country has recently (in March ‘23) removed from the list of High-Risk Third-Country Jurisdictions by the European Commission of the European Union (EU)?
1) Pakistan
2) Mozambique
3) Iran
4) Tanzania
5) IsraelAnswer-1) Pakistan
Explanation:
The European Commission of the European Union (EU) has removed Pakistan from its list of High-Risk Third-Country Jurisdictions, this move is expected to improve the conditions of business activities in Pakistan.
i. Following the deletion, Pakistan will no longer be subjected to enhanced EU scrutiny which includes credit and financial institutions, auditors, external accountants, tax advisers, notaries and independent legal professionals, among others.
• In December 2022, the European Commission updated its list of High-Risk Third-Country Jurisdictions presenting strategic deficiencies in their anti-money laundering/countering the financing of terrorism (AML/CFT) regimes.
• Following the update, Democratic Republic of the Congo, Gibraltar, Mozambique, Tanzania and the United Arab Emirates, were added to the list while Pakistan along with Nicaragua and Zimbabwe were delisted. - Which bank has recently (in March ‘23) signed a bancassurance partnership with Aditya Birla Health Insurance Co Ltd (ABHICL) for the distribution of health insurance products?
1) Punjab National Bank
2) UCO Bank
3) Bank of Baroda
4) Canara Bank
5) Bank of IndiaAnswer-2) UCO Bank
Explanation:
Aditya Birla Health Insurance Co Ltd (ABHICL), a part of Aditya Birla Capital Ltd (ABCL), is a joint venture between Aditya Birla Group and MMI Holdings of South Africa, inked a bancassurance partnership with UCO Bank, for the distribution of its health insurance products.
i. This partnership will enable ABHICL to utilize UCO Bank’s widely distributed network of 3,164 branches and reach out to more than 40 million customers of the bank across India.
ii. With the UCO Bank partnership, ABHICL now has 17 bancassurance partners with over 80,000 direct selling agents, across India. - Name the company that has recently (in March ‘23) partnered with SKALEUP to develop a D2C (direct-to-customer) instant loan application to give business loans to MSME business owners.
1) STCI Finance Limited
2) Religare Finvest Limited
3) Magma Fincorp Limited
4) Ambit Finvest Private Limited
5) Capital First LimitedAnswer-4) Ambit Finvest Private Limited
Explanation:
Ambit Finvest Private Limited has partnered with SKALEUP, the digital technology services arm of Bajaj Finserv Direct, to develop a D2C (direct-to-customer) instant loan application to give business loans to MSME (Micro, Small & Medium Enterprises) business owners through a completely paperless and automated digital onboarding process.
i. The platform will oversee a wide variety of processes and services offered by Ambit Finvest, along with multiple products. It will be capable of handling complex workflows that involve sales, underwriting, and operations.
ii. SKALEUP’s Creditech solution is a low-code/no-code digital platform that enables data-driven decisions.
iii. Ambit Finvest is the NBFC (Non-Banking Financial Company) of the Ambit Group and has served over 50,000 MSME business owners and disbursed more than Rs 3,500 crore in loans. - In March 2023, AMNS Luxembourg Holding S.A. entered into an agreement worth USD __________ with “JBIC co-financing loan” a consortium of Japanese banks.
1) 2 billion
2) 4 billion
3) 3 billion
4) 6 billion
5) 5 billionAnswer-5) 5 billion
Explanation:
AMNS Luxembourg Holding S.A., the parent company of ArcelorMittal Nippon Steel India Limited (“AM/NS India”), has entered into a USD 5 billion “JBIC co-financing loan” agreement with a consortium of Japanese banks.
• The banks that make up the Japanese banking consortium are: The Japan Bank for International Cooperation (“JBIC”), MUFG Bank, Ltd., Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Trust Bank Limited, Mizuho Bank Ltd., and Mizuho Bank Europe N.V.
i. The proceeds from the JBIC co-financing loan will be utilized to finance a portion of the funds for AM/NS India’s new construction and expansion of upstream, hot rolling, and other facilities. - Name the bank that has recently (in March ‘23) signed an MoU with Godrej Capital Limited to offer banking products & services.
1) Bank of Maharashtra
2) State Bank of India
3) Canara Bank
4) Kotak Mahindra Bank
5) ICICI BankAnswer-2) State Bank of India
Explanation:
Godrej Capital Limited, the financial services arm of the Godrej Group, and State Bank of India (SBI) have signed a Memorandum of Understanding (MoU) to strengthen their partnership, where the bank would provide various financial products and offerings.
• Godrej Capital and SBI will work together to increase the affordability and accessibility of financial products, unlocking opportunities for financial inclusion. - Which bank has recently (in March ‘23) announced a partnership with Shriram Housing Finance Limited (SHFL) under the co-lending model through the Yubi Co.Lend platform?
1) Kotak Mahindra Bank
2) HDFC Bank
3) Axis Bank
4) ICICI Bank
5) IndusInd BankAnswer-3) Axis Bank
Explanation:
On 30th March 2023, Axis Bank, the third largest private sector bank in India, and Shriram Housing Finance Limited (SHFL) announced a partnership under the co-lending model through the Yubi Co.Lend platform.
• Through this partnership, the lenders will each provide secured home loans and MSME (Micro, Small and Medium Enterprise) loans to borrowers in the middle and low-income segments based in rural and semi-urban areas. - In March 2023, the Ministry of Commerce and Industry (MoC&I) released the Foreign Trade Policy (FTP) 2023 that aims to increase India’s exports to USD 2 trillion by____________(year).
1) 2026
2) 2040
3) 2027
4) 2030
5) 2025Answer-4) 2030
Explanation:
On 31st March 2023, The Ministry of Commerce and Industry(MoC&I), Government of India(GoI), released the Foreign Trade Policy (FTP) 2023 which aims to increase India’s exports to USD 2 trillion by 2030 by shifting from incentives to remission and entitlement based regime.
• The FTP 2023 is set to become effective from 1st April 2023.
• India is set to end the FY 2023 with a total export of USD 760-770 billion compared to the USD 676 billion in 2021-2022.
i. The FTP 2023 has identified 4 new Towns of Export Excellence (TEE) – Faridabad, Moradabad, Mirzapur, and Varanasi – in addition to the existing 39 TEEs. - Name the personality who recently (in March ‘23) became the first Woman from Jammu and Kashmir (J&K) to receive the Wildlife Conservation Award in March 2023.
1) Aaliya Mir
2) Priyanka Mohite
3) Naina Dhakad
4) Anita Devi
5) SheetalAnswer-1) Aaliya Mir
Explanation:
Aaliya Mir, a wildlife conservationist working for India-based charity Wildlife SOS, has been honoured with the Wildlife Conservation Award for 2023 by the administration of the Union Territory (UT) Jammu and Kashmir (J&K), for her conservation efforts in the region.
• She became the first Woman from J&K to receive the Wildlife Conservation Award.
• The Award carries a cash prize of Rs 25000 and a Momento. - When was International Transgender Day of Visibility 2023 observed across the globe?
1) 31st March 2023
2) 30th March 2023
3) 29th March 2023
4) 28th March 2023
5) 27th March 2023Answer-1) 31st March 2023
Explanation:
International Transgender Day of Visibility 2023 was observed across the globe on 31st March 2023 to celebrate the achievements and contributions of transgender and gender-diverse people (TGD) around the world.
• International Transgender Day of Visibility was founded by Rachel Crandall, the United States of America (USA)-based transgender activist in 2009 and the 1st ever International Transgender Day of Visibility was observed on 31st March 2009.
• International Transgender day was sparked by the brutal death of Rita Hester, a black transgender woman, on 8th November 1998. The day was marked to commemorate her demise.
- Which state’s Kangra Tea has recently (in March ‘23) received a European Union (EU) Geographical Indication Tag (GI Tag)?
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