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Top 10 Questions Based on Current Affairs 2 April 2022
- Which country recently (in March’22) conducted the 20th edition of the Bilateral Naval Exercise “VARUNA – 2022” in the Arabian Sea along with India?
1) Saudi Arabia
2) Indonesia
3) Sri Lanka
4) France
5) SingaporeAnswer-4) France
Explanation:
India and France are conducting the 20th edition of the Bilateral Naval Exercise “VARUNA – 2022” in the Arabian Sea from March 30, 2022, to April 03, 2022.
Bilateral naval exercises between India’s and France’s navies began in 1993. In 2001, the exercise was given the name “Varuna,” and it has since become an essential part of the two countries’ strategic bilateral cooperation.
About Indian Navy:
Chief of the Naval Staff (CNS) – Admiral R Hari Kumar, PVSM, AVSM, VSM, ADC
Integrated Headquarters of Ministry of Defence (Navy) – New Delhi, Delhi - Which of the following points are correct with respect to the 5th BIMSTEC Summit held in March 2022?
1) Narendra Modi, PM of India participated in and addressed the 5th BIMSTEC Summit that was hosted by Sri Lanka in virtual mode.
2) 2022 marks the 25th year of the establishment of BIMSTEC with the theme of “Partnership for Harmony and Prosperity”.
3) While addressing the 5th BIMSTEC Summit, PM Narendra Modi announced that India will provide USD 1 million to the BIMSTEC secretariat to increase its operational budget.
4) Only 1 & 2
5) Only 1 & 3Answer-5) Only 1 & 3
Explanation:
Narendra Modi, PM of India participated in and addressed the 5th BIMSTEC Summit that was hosted by Sri Lanka in virtual mode.
i. 2022 marks the 25th year of the establishment of BIMSTEC with the theme of “Towards a Resilient Region, Prosperous Economies, Healthy People”.
ii. While addressing the 5th BIMSTEC Summit, PM Narendra Modi announced that India will provide USD 1 million to the BIMSTEC secretariat to increase its operational budget. - Which company recently (in April’22) signed an MoU with Tawazun Economic Council (TEC), UAE to explore new business opportunities in the field of defence?
1) Bharat Dynamics Ltd
2) DRDO
3) Bharat Electronics Ltd
4) ISRO
5) Hindustan Aeronautics LtdAnswer-1) Bharat Dynamics Ltd
Explanation:
Bharat Dynamics Limited (BDL) and Tawazun Economic Council (TEC), United Arab Emirates (UAE), exchanged an MoU to explore new business opportunities in various areas of mutual interest in the field of defence.
i. Both BDL and TEC will work together to identify different business opportunities and assess the viability and feasibility of jointly implementing them in the field of co-development, co-production, establishment of joint ventures and supply of military products as well as licensed production.
About Bharat Dynamics Limited:
Chairman and Managing Director – Commodore Siddharth Mishra (Retd.)
Headquarters – Hyderabad, India - The ______ edition of the India-Seychelles Joint Military Training Exercise “LAMITIYE-2022” was conducted in Seychelles in March 2022.
1) 9th
2) 7th
3) 10th
4) 6th
5) 8thAnswer-1) 9th
Explanation:
LAMITIYE-2022, 9th edition of India – Seychelles Joint Training 10 day long exercise was conducted between Indian Army and Seychelles Defence Forces (SDF) at Seychelles Defense Academy, Seychelles from 22nd March 2022 to 31st March 2022.
i. LAMITYE-2022, training exercise focused on broadening the aim of cooperation towards co-existence in the Indo-Pacific region.
ii. The exercise saw the participation of an Infantry Platoon strength from both the Indian Army (comprising troops from the 2/3 GORKHA RIFLES group – PIRKANTHI Battalion) and the Seychelles Defence Forces (SDF). - In March 2022, RBI extended the timeline for the implementation of cassette swapping in all ATMs for the 2nd time till ______________.
1) 31st March, 2023
2) 31st January, 2024
3) 30th June, 2022
4) 30th September, 2023
5) 31st March, 2024Answer-1) 31st March, 2023
Explanation:
The Reserve Bank of India (RBI) for the second time extended the timeline for the implementation of cassette swap in all ATMs (Automated teller machines) till March 31, 2023.
i. This extension is due to the requests received by RBI from various banks and Indian Banks’ Association (IBA) citing various constraints in meeting the timeline.
ii. In July 2021, RBI had advised banks to use lockable cassettes in their ATMs which shall be swapped at the time of cash replenishment, later RBI extended the deadline to March 31, 2022. - Which organisation recently (in March’22) partnered with HSBC India to set up a USD 100 million partial guarantee programme for microfinance institutions (MFIs) in India?
1) Asian Infrastructure Investment Bank
2) African Development Bank
3) International Monetary Fund
4) Asian Development Bank
5) World BankAnswer-4) Asian Development Bank
Explanation:
The Asian Development Bank (ADB) and HSBC India (HSBC) have agreed to set up a USD 100 million partial guarantee program to help over 400,000 micro-borrowers and largely women-owned microenterprises across India.
i. It is the ADB’s first partnership with HSBC, and under the terms of the agreement, an equivalent of USD 30 million in aggregate financing would be disbursed to three Microfinance Institutions (MFIs) in India by April 2022 to stimulate the partnership.
About Asian Development Bank (ADB):
President – Masatsugu Asakawa
Established – 1966
Headquarters – Manila, Philippines - In March 2022, the government of India decided to borrow _________ of funds in the first half (H1) of FY23 from the Reserve Bank of India (RBI).
1) Rs. 6.67 lakh crore
2) Rs. 9.26 lakh crore
3) Rs. 5.12 lakh crore
4) Rs. 8.45 lakh crore
5) Rs. 2.78 lakh croreAnswer-4) Rs. 8.45 lakh crore
Explanation:
The Government of India (GoI) has decided to secure a fund of Rs. 8.45 lakh crore through borrowing in consultation with the Reserve Bank of India (RBI) in the first half (H1) or April-September period of Financial Year 2022-23 (FY23).
i. It accounts for 60% of the total borrowing planned for FY23, continuing a practice of frontloading debt raising early in the fiscal year when private demand for funds is low. - SEBI recently (in March’22) imposed penalties (total) of _______ on five entities for non-genuine trades in the illiquid stock options segment on the BSE (Bombay Stock Exchange).
1) Rs 30 lakh
2) Rs 15 lakh
3) Rs 25 lakh
4) Rs 40 lakh
5) Rs 10 lakhAnswer-3) Rs 25 lakh
Explanation:
Securities and Exchange Board of India (SEBI) has imposed penalties totalling Rs 25 lakh on five entities for indulging in non-genuine trades in the illiquid stock options segment on BSE (formerly Bombay Stock Exchange).
i. In 5 separate orders, SEBI has imposed a fine of Rs 5 lakh each on Abhishek Kumar Jain HUF, Ajay Kumar Baid, Sumit Shankar Dudani, Sumer Chand Jain and Sons and Milestone Viniyog Pvt Ltd. - In April 2022, Chief Justice of India (CJI), NV Ramana, launched the “FASTER programme” to transmit court orders quickly and securely in electronic format.
What does R stand for in the FASTER programme?
1) Rational
2) Rate
3) Ratio
4) Report
5) RecordsAnswer-5) Records
Explanation:
The Chief Justice of India (CJI), NV Ramana virtually launched the ‘Fast and Secured Transmission of Electronic Records’ (FASTER) programme.
It is a digital platform to communicate interim orders, stay orders, bail orders etc., of the Supreme Court to authorities concerned through a secured electronic communication channel. It allows court orders to be transmitted in a quick and secure electronic format.
About ‘Fast and Secured Transmission of Electronic Records’ (FASTER) programme:
i. The FASTER program was created in response to a news report published in July 2021, regarding prisoner release delays.
ii. It is developed on war footing by the Registry in collaboration with the National Informatics Centre (NIC). - In April 2022, which space organisation is set to track the ISRO’s Aditya-L1 and Chandrayaan-3 satellites?
1) NASA
2) European Space Agency
3) SpaceX
4) JAXA
5) Canadian Space AgencyAnswer-2) European Space Agency (ESA)
Explanation:
The European Space Agency’s (ESA) antennas will be in action to track the satellites of Indian Space Research Organisation (ISRO) such as Aditya-L1 (Lagrangian point 1 ) solar observatory and Chandrayaan-3 lunar lander and rover.
Role of European Space Agency’s (ESA)
i. The ESA station supports Aditya-L1 and Chandrayaan-3 from the beginning of launch till the end of mission.
ii. The global deep space communication antennas of ESA will provide support to both missions (Chandrayaan-3 and Aditya-L1).
iii. The big iron 35-meter deep space Estrack antennas of ESA in Australia, Argentina and Spain will support Aditya-L1.
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