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- Which of the following ministries has recently (in May ‘23) signed an MoU with Japan International Cooperation Agency (JICA) for ‘Station Area Development along Mumbai-Ahmedabad High Speed Rail (Project-SMART)’?
1) Ministry of Home Affairs
2) Ministry of Railways
3) Ministry of Housing & Urban Affairs
4) Both 1 & 2
5) Both 2 & 3Answer-5) Both 2 & 3
Explanation:
A Memorandum of Understanding (MoU) has been inked between the Ministry of Housing & Urban Affairs (MoHUA) and Ministry of Railways (MoR) with Japan International Cooperation Agency (JICA) for ‘Station Area Development along Mumbai-Ahmedabad High Speed Rail (Project-SMART)’.
• It was inked for four High Speed Rail Stations viz. Sabarmati, Surat in Gujarat and Virar and Thane in Maharashtra; out of 12 stations in-route.
• Surat, Virar and Thane are green fields while Sabarmati is a Brown field development.
i. Project SMART goal is to improve the areas around the Mumbai-Ahmedabad High-Speed Railway (MAHSR) stations to make it easier for commuters, other people and businesses to access them more conveniently. - Which of the following social security schemes, along with Atal Pension Yojana have observed the 8th anniversary on 9th May 2023?
1) Pradhan Mantri Jeevan Jyoti Bima Yojana
2) Pradhan Mantri Suraksha Bima Yojana
3) Pradhan Mantri Jan Arogya Yojana
4) Both 1 & 2
5) Both 2 & 3Answer-4) Both 1 & 2
Explanation:
9th May 2023 marks the 8th anniversary of the three major social security (Jan Suraksha) schemes, Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Atal Pension Yojana (APY).
i. Union Minister of Finance Nirmala Sitharaman stated that till 26th April 2023, 16.2 crore, 34.2 crore and 5.2 crore enrolments have been done under PMJJBY, PMSBY & APY respectively. The total enrollment under all three schemes is 55.6 crore.
ii. The three schemes were built under the initiative of ‘National Mission for Financial Inclusion’ which was launched to ensure that every citizen in India has access to banking facilities, financial literacy, and social security coverage. - Name the Small Finance Bank (SFB) that has recently (in May ‘23) partnered with RuPay to offer cashback RuPay credit cards.
1) ESAF SFB
2) Jana SFB
3) Capital SFB
4) Ujjivan SFB
5) AU SFBAnswer-5) AU SFB
Explanation:
On May 9, 2023, the AU Small Finance Bank (SFB) partnered with RuPay to introduce the Business Cashback RuPay credit card, a solution tailored to meet the financial requirements of self-employed (i.e. Micro, Small And Medium-Sized Enterprises (MSMEs)) customers and promote financial inclusion.
• The bank intends to provide multiple benefits to small businesses through this credit card.
• The card provides benefits like up to 2% cashback, 48 days of interest-free credit, and instant loans. - Which bank has recently (in May ‘23) become India’s 1st to relocate Mauritius domiciled fund to Gujarat International Finance Tec-City (GIFT-city), Gujarat?
1) Kotak Mahindra Bank
2) ICICI Bank
3) HDFC Bank
4) Axis Bank
5) YES BankAnswer-1) Kotak Mahindra Bank
Explanation:
Mumbai (Maharashtra)-based Kotak Mahindra Bank Limited has become India’s 1st to relocate Mauritius domiciled fund to Gujarat International Finance Tec-City (GIFT-city), Gujarat.
i. On 6th May 2023, it successfully re-domiciled Alchemy India Long Term Fund from Mauritius to GIFT City, India’s 1st International Financial Services Centre (IFSC).
• Kotak Bank issued the 1st ever Foreign Portfolio Investment (FPI) licence to Alchemy’s Fund incorporated in GIFT and registered with the International Financial Services Centres Authority (IFSCA) for relocating from its original jurisdiction.
• This is the 1st FPI license issued by a custodian bank or designated depository participant (DDP) in India, to a fund incorporated in GIFT City, to relocate an existing fund. - In May 2023, Fitch Ratings lowered India’s 2023-24 Gross Domestic Product (GDP) growth forecast to _________ from 6.2%.
1) 5.7%
2) 5.9%
3) 5.6%
4) 6%
5) 5.8%Answer-4) 6%
Explanation:
Fitch Ratings has lowered India’s 2023-24 (i.e. Financial Year 2023-24 (FY24)) GDP (Gross Domestic Product) growth forecast to 6% from 6.2% of its earlier projection, amid increased inflation and interest rates along with subdued global demand.
• The projection for FY25 also decreased to 6.7% from 6.9% projected earlier.
• India’s FY24 growth will be slower than the 7% expected in FY23, as weak domestic and global demand is induced. - Which of the following points is “Incorrect” with respect to the 24th edition of the Laureus World Sports Awards honoured in May 2023?
A) Lionel Messi, Argentine professional footballer was honoured with the Laureus World Sportsman of the Year 2023 at the 2023 Laureus World Sports Awards.
B) Elaine Thompson-Herah, American track and field sprinter, won the Laureus World Sportswoman of the Year 2023.
C) Swiss para-athlete Catherine Debrunner won the Laureus World Sportsperson of the Year with A Disability.
1) Only A
2) Only B
3) Only C
4) Only A & B
5) Only B & CAnswer-2) Only B
Explanation:
Lionel Messi, Argentine professional footballer and forward of Ligue 1 club Paris Saint-Germain (PSG), was honoured with the Laureus World Sportsman of The Year 2023 at the 2023 Laureus World Sports Awards (24th edition).
• This is the 2nd time that Lionel Messi has been honoured with the Laureus World Sportsman of The Year Award.
i. Shelly-Ann Fraser-Pryce, Jamaican track and field sprinter, won the Laureus World Sportswoman of The Year 2023.
ii. Swiss para-athlete Catherine Debrunner won the Laureus World Sportsperson Of The Year With A Disability after winning two marathons – the 2022 Berlin Marathon and the 2022 London Marathon. List of the Winners of the 2023 Laureus World Sports Awards. - In May 2023, Groww acquired the Mutual Fund business of Indiabulls Housing Finance Loans (IBHFL) for __________ (Amount).
1) Rs.512.6 crore
2) Rs.423.4 crore
3) Rs.175.6 crore
4) Rs.254.2 crore
5) Rs.363.1 croreAnswer-3) Rs.175.6 crore
Explanation:
Nextbillion Technology Private Limited, doing business as Groww – an investment platform, has acquired the Mutual Fund business of Indiabulls Housing Finance Loans (IBHFL) for Rs.175.6 crore after receiving the necessary approvals.
• In May 2021, Groww signed an agreement with IBHFL to acquire the entire stake of IBHFL in its mutual fund subsidiaries Indiabulls Asset Management Company Limited (IAMCL) and Indiabulls Trustee Company Limited (ITCL), trustee of IAMCL.
i. The Rs.175.6 crore agreement also included a cash equivalent of Rs. 100.62 crores, to be invested by Groww. - Which of the following points is/are “correct” with respect to the Asian Weightlifting Championships Jinju 2023 in May 2023?
A) Indian weightlifters bagged 3 silver medals in the Asian Weightlifting Championships Jinju 2023 held in South Korea.
B) Bindyarani Devi won 2 silver medals overall and clean & jerk under the Women’s 55 kg category.
C) Jeremy Lalrinnunga won silver medal in snatch under the men’s 67 kg category.
1) All A, B & C
2) Only A & B
3) Only B & C
4) Only A & C
5) Only AAnswer-1) All A, B & C
Explanation:
Indian weightlifters concluded the Asian Weightlifting Championships Jinju 2023 in Jinju, South Korea, with a total of 3 silver medals. Asian Weightlifting Championships Jinju 2023 was held from 03 to 13 May 2023 in Jinju, South Korea.
i. Bindyarani Devi, hailing from Manipur, won 2 silver medals in overall and clean & jerk under the Women’s 55kg category.
• China’s Chen Guan Ling won the gold medal with a combined lift of 204 kg (snatch 90kg + clean & jerk 114kg).
ii. Jeremy Lalrinnunga from Aizawl, Mizoram, won silver in snatch under the men’s 67kg. - In May 2023, the Sahitya Akademi Award winner (1984) and popular _________ (language) writer Samaresh Majumdar passed away.
1) Hindi
2) Assamese
3) Gujarati
4) Bengali
5) MalayalamAnswer-4) Bengali
Explanation:
The Sahitya Akademi Award winner and popular Bengali writer Samaresh Majumdar passed away at the age of 79 in Kolkata, West Bengal. He was born on March 10, 1944 in Jalpaiguri, West Bengal.
i. He won the Sahitya Akademi Award for the second novel of the series, ‘Kalbela’, in 1984, which was set against the backdrop of the Naxalite movement of West Bengal in 1960s and 1970s. It was later made into a film by the same name by director Gautam Ghosh in 2009.
ii. SamareshMajumdar made his writing debut with the novel titled “Dour” (Run), which was Published in “Desh” (a Bengali literary magazine) in 1976. The Dour novel was later made into a film in 1979.
iii. His famous Animesh quartet (a series of four novels) of Uttoradhikar, Kalbela, Kalpurush, and Mousalkal is now considered a modern classic. - When was the World Portuguese Language Day 2023 observed across the globe?
1) 5th May 2023
2) 8th May 2023
3) 6th May 2023
4) 9th May 2023
5) 7th May 2023Answer-1) 5th May 2023
Explanation:
World Portuguese Language Day 2023 was observed across the globe on 5th May 2023 to highlight the important role the Portuguese language plays in maintaining human civilization and culture.
i. The UNESCO General Conference’s 40th session, held in 2019, proclaimed May 5 of every year as “World Portuguese Language Day”.
ii. The 1st ever World Language Day was observed on 5th May 2020.
- Which of the following ministries has recently (in May ‘23) signed an MoU with Japan International Cooperation Agency (JICA) for ‘Station Area Development along Mumbai-Ahmedabad High Speed Rail (Project-SMART)’?
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