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- Name the offshore security exercise that was conducted by the Eastern Naval Command at Andhra Pradesh in October 2022.
1) SIMBEX
2) Malabar
3) Prasthan
4) Varuna
5) AUMXAnswer-3) Prasthan
Explanation:
‘Prasthan’ an offshore exercise was conducted in the Krishna Godavari Basin (KGB) Offshore Development Area (ODA) under the aegis of Headquarters (Visakhapatnam, Andhra Pradesh) of Eastern Naval Command on October 11 and 12, 2022. The exercise was conducted in the Offshore Defence Area off Kakinada in Andhra Pradesh (AP).
i. It aims to integrate the efforts of all maritime stakeholders involved in offshore defence.
ii. This exercise is conducted every six months and is an important element of ensuring offshore security. - Which organisation recently (in Oct ‘22) partnered with Arya.ag platform & Friends of Women’s World Banking India (FWWB India) to implement Project Excel in Jamnagar and Devbhumi Dwaraka districts of Gujarat?
1) International Monetary Fund
2) United Nations Development Programme
3) World Food Programme
4) World Trade Organization
5) United Nations Industrial Development OrganizationAnswer-2) United Nations Development Programme
Explanation:
United Nations Development Programme (UNDP) has partnered with integrated grain commerce platform Arya.ag and Friends of Women’s World Banking India (FWWB India) to implement Project Excel in Jamnagar and Devbhumi Dwaraka districts of Gujarat to improve the incomes of 10,000 farmer households through agri-value chain intervention, enterprise promotion and skilling in agriculture sector.
i. The partnership aims to create a group of community resource persons to mentor and support entrepreneurs and promote individual and group enterprises by December 2023.
ii. Arya.ag will work on building farmer’s collectives for effective management of the post-harvest process and develop the agriculture value chain of the producer group. - Name the Indian Naval Ship (INS) that was recently (in Oct ’22) participated in the 7th edition of IBSAMAR, a joint multinational maritime exercise.
1) INS Tarkash
2) INS Tabar
3) INS Sahyadri
4) INS Shishumar
5) INS VikrantAnswer-1) INS Tarkash
Explanation:
Indian Naval Ship (INS) Tarkash reached Port Gqeberha (also known as Port Elizabeth) in South Africa & participated in the 7th edition of IBSAMAR (IBSAMAR VII), a joint multinational maritime exercise that was held from 10th October 2022 to 12th October 2022.
i. The exercise IBSAMAR was initiated in 2008 and is conducted between Indian, Brazilian and South African Navies.
ii. The Indian Navy was represented by the Teg class guided missile frigate INS Tarkash, a Chetak helicopter and Marine Commando Force (MARCOS) special forces. - Which country recently (in Oct ‘22) signed a “historic agreement” with Israel to resolve the maritime border dispute?
1) Egypt
2) Iraq
3) Syria
4) Jordan
5) LebanonAnswer-5) Lebanon
Explanation:
Israel and Lebanon reached a ‘Historic agreement’ to resolve a long-running maritime border dispute which was mediated by the United States (US).
i. This is the 1st agreement between Israel and Lebanon, the 2 countries in a state of war.
ii. The deal will help to de-escalate tensions between Lebanon and Israel, reducing the prospects for conflict between the 2 countries in the near term. - The World Bank (WB) recently (in Oct ‘22) extended _______ unconditional loan for Supporting Andhra’s Learning Transformation (SALT) project of Andhra Pradesh government.
1) USD 150 million
2) USD 100 million
3) USD 300 million
4) USD 250 million
5) USD 200 millionAnswer-4) USD 250 million
Explanation:
The World Bank (WB) has extended an unconditional loan of USD 250 million for Supporting Andhra’s Learning Transformation (SALT) project for its reforms implemented by the Andhra Pradesh government.
i. The SALT is the first project in the school education sector to be funded by the World Bank without any precondition.
ii. The main aim of the project is to transform AP’s school education system by improving the quality education in foundational learning through various ideas including improving teacher professional development, classroom-based assessments and early childhood education. - In October 2022, the Reserve Bank of India (RBI) cancelled the Certificates of Registration (CoR) of _______ Non-Banking Finance Companies (NBFC) in India.
1) 12
2) 8
3) 10
4) 3
5) 6Answer-2) 8
Explanation:
The Reserve Bank of India (RBI) cancelled the Certificates of Registration (CoR) of eight Non-Banking Finance Companies (NBFC) in India. According to clause (a) of Section 45-I of the Reserve Bank of India Act, 1934, these companies shall not transact the business of a non-banking financial institution.
i. The four NBFCs, Ashwini Investment Private Ltd, RM Securities Pvt Ltd, Amity Finance Private Ltd and Matrix Merchandise Ltd have surrendered their certificates of registration to the RBI.
ii. Separately, the RBI suo-moto cancelled certificates of another four NBFCs — SRM Properties and Finance Company Pvt Ltd, North East Region Finservices Ltd, Sowjenvee Finance Ltd and Opel Finance Ltd. - Mondelez India’s Sri City factory in Tirupati district of Andhra Pradesh won 4th Advanced Industrial Revolution (4IR) Digital Lighthouse award by which organisation?
1) United Nations Children’s Fund
2) World Economic Forum
3) World Bank
4) International Monetary Fund
5) World Trade OrganizationAnswer-2) World Economic Forum
Explanation:
Mondelez India’s state-of-the-art Sri City factory in Tirupati district of Andhra Pradesh won 4th Advanced Industrial Revolution (4IR) Digital Lighthouse award by the World Economic Forum (WEF).
i. It is one of the first Fast-Moving Consumer Goods (FMCG) plants in India that was awarded for ‘digital excellence’ driven by advanced technologies and sustainable practices.
ii. The award is an outcome of the study conducted by an independent expert panel at the WEF that recognised the site for implementing a series of advanced ‘4IR’ use cases. - Abdul Latif Rashid was recently (in Oct’ 22) elected as the President of which country?
1) Kuwait
2) Jordan
3) Iran
4) Saudi Arabia
5) IraqAnswer-5) Iraq
Explanation:
The lawmakers of Iraq have elected Kurdish politician Abdul Latif Rashid (78 year old), an active member of Patriotic Union of Kurdistan (PUK) party as the New President of Iraq.
i. He won the election, securing 162 votes in the 2nd round of voting, defeating the incumbent president Barham Salih, who got 99 votes, while eight votes were considered invalid.
ii. He became the 9th President of Iraq after winning the 2022 Iraqi Presidential election.
iii. Abdul Latif Rashid has named Mohammed Shia’ al-Sudani as Prime Minister-designate and tasked him to form a new government in Iraq. - In October 2022, the Insurance Regulatory and Development Authority of India (IRDAI) gave approval to merge _________ with the HDFC Life Insurance Company Limited (HDFC Life).
1) Max Life Insurance
2) ICICI Prudential Life Insurance
3) Exide Life Insurance
4) Kotak Mahindra Life Insurance
5) HDFC Life InsuranceAnswer-3) Exide Life Insurance
Explanation:
The Insurance Regulatory and Development Authority of India (IRDAI) gave final clearance to HDFC Life Insurance Company Limited (HDFC Life) to merge Exide Life Insurance with the company.
i. In January 2022, HDFC Life purchased a 100% stake in Exide Life Insurance Company from its parent company Exide Industries for Rs 6,687 crore in order to expand its footprint in the south Indian market.
ii. Exide Industries purchased a 4.12% stake in HDFC Life by transferring its life insurance business to HDFC Life. - When was the World Standards Day (WSD) 2022 observed across the globe?
1) 13th October 2022
2) 10th October 2022
3) 14th October 2022
4) 12th October 2022
5) 11th October 2022Answer-3) 14th October 2022
Explanation:
World Standards Day (WSD) also known as International Standards Day 2022 was observed across the globe on 14th October 2022 with the theme of ‘Shared Vision for a Better World’. 2022 follows the same theme as 2021.
i. The 1st World Standards Day was formally inaugurated in 1970 by Faruk Sunter, then-President of the ISO.
ii. The day is organised by the International Electrotechnical Commission (IEC), International Organization for Standardization (ISO), and International Telecommunication Union (ITU), collaborating under the banner “World Standard Cooperation”.
iii. By 2030, international standards are recognized as an integral part of the success of the SDGs.
- Name the offshore security exercise that was conducted by the Eastern Naval Command at Andhra Pradesh in October 2022.
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