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- Which of the following points is “Incorrect” with respect to the Cabinet approval on 29th November 2023?
1) The Union Cabinet has approved the Terms of Reference (ToR) for the 16th Finance Commission (FC), whose recommendations span a 5-year period from April 1, 2026 to March 31, 2031.
2) The Union Cabinet also extended Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) — for five years till December 2028.
3) The Union Cabinet has approved the Pradhan Mantri Janjati Adivasi Nyaya Maha Abhiyan (PM JANMAN) with a budget of Rs 24,104 crore.
4) The Cabinet also approved the Central Sector Scheme (CSS) for providing Drones to the 15000 selected Women Self Help Groups (SHGs) from 2024-25 to 2025-26.
5) The continuation of the Fast Track Special Court (FTSCs) was approved for a further five years i.e. from April 1, 2023 to March 31, 2028.Answer-5) The continuation of the Fast Track Special Court (FTSCs) was approved for a further five years i.e. from April 1, 2023 to March 31, 2028.
Explanation:
On November 29, 2023, the Union Cabinet chaired by the Prime Minister (PM) of India Narendra Modi has approved the following:
i. The Union Cabinet has approved the Terms of Reference (ToR) for the Sixteenth/16th Finance Commission (FC), whose recommendations, spanning a 5-year period from April 1, 2026 to March 31, 2031, will be submitted by October 31, 2025.
ii. The Union Cabinet also extended Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) — for five years till December 2028.
In this regard, the Central Government will spend approximately Rs 11.80 lakh crore on food subsidies to provide free food grains (rice , wheat and coarse grains/millets) to about 81.35 crore people.
iii. The Union Cabinet has approved the Pradhan Mantri Janjati Adivasi Nyaya Maha Abhiyan (PM JANMAN) with a budget of Rs 24,104 crore (Central Share: Rs. 15,336 crore, State Share: Rs. 8,768 crore).
iv. The Union Cabinet also approved the Central Sector Scheme (CSS) for providing Drones to the 15000 selected Women Self Help Groups (SHGs) from 2024-25 to 2025-26 for providing rental services to farmers for agriculture purposes. The outlay of the scheme is Rs 1261 Crore.
v. The Union Cabinet has approved the continuation of the Fast Track Special Court (FTSCs) for a further three years i.e. from April 1, 2023 to March 31, 2026.
The financial implication for the same will be Rs 1952.23 crore (Rs. 1207.24 crore as Central Share and Rs. 744.99 crore as State share). - According to Quarterly Bulletin Periodic Labour Force Survey (PLFS), released by National Sample Survey Office (NSSO) in November 2023, unemployment rate (UR) in urban areas fell from 7.2% in July –September 2022 to ________ in July – September 2023 for persons of age 15 years and above.
1) 6.5%
2) 6.3%
3) 6.1%
4) 6.6%
5) 6.0%Answer-4) 6.6%
Explanation:
According to Quarterly Bulletin Periodic Labour Force Survey (PLFS) (July to September 2023), released by National Sample Survey Office (NSSO), Ministry of Statistics and Programme Implementation (MoSPI), unemployment rate (UR) in urban areas fell from 7.2% in July –September 2022 to 6.6% in July – September 2023 for persons of age 15 years and above.
This bulletin for the second quarter (Q2) of the financial year 2023-24 (FY24) is the 20th edition of the series.
i. A total of 5,706 First Stage Units – FSUs Urban Frame Survey (UFS blocks) were surveyed in urban areas across India during the third quarter of 2023 (July-September). This included 44,738 households and 1,70,004 individuals.
ii. The report indicates that in urban areas, the Labour Force Participation Rate (LFPR) in the current weekly status (CWS) increased to 49.3% in the July to September quarter of 2023, up from 47.9% in the corresponding period in 2022.
iii. The Worker Population Ratio (WPR) in urban areas has increased to 46.0% in July – September 2023 from 44.5% in July-September 2022.
Note: The UR in January-March 2023 was at 6.8% and in April-June 2023 was at 6.6%. - According to the Organization for Economic Cooperation and Development (OECD) Economic Outlook November 2023 titled ‘Restoring growth’, the real Gross Domestic Product (GDP) growth of India is expected to be at __________ in the financial year (FY) 2023-24.
1) 6.6%
2) 6.2%
3) 6.5%
4) 6.3%
5) 6.0%Answer-4) 6.3%
Explanation:
According to the Organization for Economic Cooperation and Development (OECD) Economic Outlook November 2023 titled ‘Restoring growth’, the real Gross Domestic Product (GDP) growth of India is expected to be at 6.3% in the financial year (FY) 2023-24.
The report also pointed out that the economy will slow down to 6.1% in FY25 due to adverse weather-related events and the weakening international outlook.
i. Due to the slower growth rates the parameters such as inflation expectations, housing prices, and wages are all anticipated to moderate.
ii. This will facilitate the convergence of headline inflation toward 4.2%, enabling the Reserve Bank of India (RBI) to reduce interest rates from mid-2024, reaching 5.5% by the end of 2025. - Who has recently (in Nov ‘23) won the Chevalier de la Légion d’Honneur, the highest civilian award of France, for the contributions in promoting space cooperation between India and France?
1) Kalpana Kalahasti
2) V R Lalithambika
3) Ritu Karidhal
4) Nandini Harinath
5) Tessy ThomasAnswer-2) V R Lalithambika
Explanation:
Dr V R Lalithambika, a distinguished scientist at the Indian Space Research Organisation (ISRO) was honoured with “Chevalier de la Légion d’Honneur”, the highest civilian award of France, for her contributions in promoting space cooperation between India and France.
i. On behalf of the French Government, Thierry Mathou Ambassador of France to India, conferred the award to her during the event held in Bengaluru, Karnataka.
ii. She becomes the 2nd ISRO scientist to receive the award. Previously, A S Kiran Kumar, former chairman of ISRO received the award in 2019. - In November 2023, the Competition Commission of India (CCI) approved the proposed acquisition by Atlas 2022 Holdings Limited to increase its voting rights/shareholding in Vodafone Group Plc (Vodafone) from __________ to less than 25%.
1) 20.4%
2) 11.2%
3) 14.6%
4) 15.9%
5) 12.5%Answer- 3) 14.6%
Explanation:
The Competition Commission of India (CCI) approves the proposed acquisition by Atlas 2022 Holdings Limited to increase its voting rights/shareholding in Vodafone Group Plc (Vodafone) from 14.6% to less than 25% through a series of on-market and/or off-market transactions.
Atlas 2022 Holdings Limited (Atlas), a wholly-owned subsidiary of Emirates Telecommunications Group Company PJSC (e&), plays a pivotal role in acquiring and holding e&’s significant 14.6% interest in Vodafone.
i. CCI approved the acquisition of shareholding of Delanord Investments Limited (Delanord) by Abu Dhabi Ports Company PJSC (Abu Dhabi Ports Company). - In November 2023, the SBI Mutual Fund (SBI MF) received approval from the Reserve Bank of India (RBI) for acquiring aggregate holding of up to 9.99% of the paid-up share capital of ______________ (Bank).
1) South Indian Bank
2) Karur Vysya Bank
3) Axis Bank
4) IDFC FIRST Bank
5) RBL BankAnswer-2) Karur Vysya Bank
Explanation:
The SBI Mutual Fund (SBI MF) received approval from the Reserve Bank of India (RBI) for acquiring aggregate holding of up to 9.99% of the paid-up share capital or voting rights of Karur Vysya Bank Ltd (KVB).
i. SBI MF has received regulatory approval, pursuant to Regulation 30 of the Securities and Exchange Board of India (SEBI)(Listing Obligations and Disclosure Requirements) Regulations, 2015.
ii. The approval has been granted in accordance with the application submitted by SBI MF to the RBI.
As per the approval, SBI MF must acquire major shareholding within 1 year from the RBI’s letter. Failure to do so will result in the automatic cancellation of the approval. - Which company has recently (in Nov ‘23) received the second type certificate for medium category drones from the Directorate General of Civil Aviation (DGCA)?
1) Garuda Aerospace Private Limited
2) Paras Defence and Space Technologies Limited
3) Dhaksha Unmanned Systems Private Limited
4) Thanos Technologies Private Limited
5) TechEagle Private LimitedAnswer-1) Garuda Aerospace Private Limited
Explanation:
Chennai (Tamil Nadu) based Garuda Aerospace Private Limited has secured the second type certificate for medium category drones from the Directorate General of Civil Aviation (DGCA).
i. The certification showcases Garuda Aerospace’s dedication to pioneering advancements in Unmanned Aerial Vehicle(UAV) technology.
ii. The DGCA Type Certification is issued under the provision of Rule 8 and Rule 9 (3) of the Drone Rules 2021. - Name the personality from India who has recently (in Nov ‘23) won the bronze medal in the Men’s 25m rapid fire pistol event at the International Shooting Sport Federation (ISSF) World Cup Final Rifle/Pistol/Shotgun 2023.
1) Gagan Narang
2) Saurabh Chaudhary
3) Anish Bhanwala
4) Vijay Kumar
5) Rituraj SinghAnswer- 3) Anish Bhanwala
Explanation:
Indian shooter Anish Bhanwala won the bronze medal in the Men’s 25m rapid fire pistol event at the International Shooting Sport Federation (ISSF) World Cup Final Rifle/Pistol/Shotgun 2023 held in Lusail Shooting Range in Doha, Qatar held from 18th to 26th November 2023.
This was India’s 1st medal in the men’s 25m rapid fire pistol event in the ISSF World Cup Final history.
Anish Bhanwala’s Bronze was the first and last medal of India at ISSF World Cup Final 2023.
i. India ranks 13th, along with Czechia; Great Britain, Latvia & the United States of America(USA), in the medal tally with 1 bronze.
ii. The ISSF World Cup Final 2023 Medal tally is topped by China with 8(2 gold, 4 Silver and 2 Bronze) followed by Germany (4 – 2 gold, 1 silver, 1 bronze) and Italy (6 – 1 gold, 3 silver, 2 bronze). - In November 2023, Henry Alfred Kissinger, the Nobel Peace Prize winner and former American Diplomat, passed away.
In which year did he receive the Nobel Peace Prize along with Le Duc Tho(Vietnam)?
1) 1981
2) 1986
3) 1971
4) 1973
5) 1990Answer-4) 1973
Explanation:
Henry Alfred Kissinger, the Nobel Peace Prize winner and former American Diplomat, passed away at the age of 100 in Connecticut, the United States of America(USA).
Henry Kissinger was born as Heinz Alfred Kissinger in Furth, Germany, on 27th May 1923. His family moved to the USA in 1938.
i. He served as the 56th Secretary of State of the United States from 1973 to 1977. In addition, he held the post of National Security Adviser from 1969 to 1975.
ii. He received the Nobel Peace Prize in 1973, jointly with Le Duc Tho(Vietnam), for jointly negotiating a ceasefire in Vietnam in 1973.
He was honoured with the USA’s highest civilian honor, the Presidential Medal of Freedom in 1977. - When was the United Nations (UN) Day of Remembrance for All Victims of Chemical Warfare 2023 observed across the globe?
1) 28th November 2023
2) 30th November 2023
3) 27th November 2023
4) 29th November 2023
5) 26th November 2023Answer- 2) 30th November 2023
Explanation:
The United Nations (UN) Day of Remembrance for All Victims of Chemical Warfare 2023 was observed across the globe on 30th November 2023 to pay tribute to the victims, who lost their lives or suffered from chemical warfare.
The Day also reaffirms the commitment of the Organisation for the Prohibition of Chemical Weapons (OPCW) to eliminate the chemical weapons threat and promote the goals of peace, security, and multilateralism.
i. The first Day of Remembrance for All Victims of Chemical Warfare was observed on 30 November 2016.
ii. On November 30, 2023, a homage to the memory of the victims and to uphold the dignity of survivors was held by the UNGA’s first committee to commemorate the Day of Remembrance for all Victims of Chemical Warfare 2023.
On November 29, 2023, the OPCW member states marked the 26th anniversary of the entry into force of the CWC.
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