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- Name the Scheme that was recently (in Jan ‘23) discontinued by the Ministry of Minority Affairs (MoMA).
1) Pradhan Mantri Kaushal Vikas Yojana
2) Pradhan Mantri Jan Vikas Karyakram
3) Seekho aur Kamao Scheme
4) Padho Pardesh Scheme
5) Hamari Dharohar SchemeAnswer-4) Padho Pardesh Scheme
Explanation:
The Ministry of Minority Affairs (MoMA) has discontinued the ‘Padho Pardesh – Scheme of Interest Subsidy On Educational Loans for Overseas Studies for The Students Belonging to The Minority Communities’.
• The scheme was implemented by Canara Bank, which served as the scheme’s designated nodal bank, and will be phased out in 2022-23.
i. According to MoMA’s most recent annual report, Canara Bank received an amount of Rs. 20.20 crore to reimburse interest subsidies paid to fresh plus renewal candidates under the Scheme during FY21.
ii. The Padho Pardesh Scheme was launched in June 2006 as part of the Prime Minister’s 15-point program. Dr. Manmohan Singh was the Prime Minister of India in 2006.
• Objective: To provide an interest subsidy to meritorious students from economically weaker sections (EWS) of notified minority communities. - According to the report by Dealroom and London & Partners released in January 2023, India ranked _______ globally for Tech venture capital (VC) investments in 2022, while _______ tops the list.
1) 4th; United States of America
2) 3rd; China
3) 4th; United Kingdom
4) 3rd; United States of America
5) 5th; ChinaAnswer-1) 4th; United States of America
Explanation:
According to the report by Dealroom and London & Partners, India ranked 4th globally, with USD 24.1 billion worth of Tech venture capital (VC) investments in 2022.
i. At a national level, the top 3 countries for tech investment in 2022 were the United States of America (USA) with USD 233.3 billion tech investment, followed by China with USD 48 billion and the UK with USD 29.9 billion.
ii. The research showed that USD 10.7 billion of the total tech investment to India(24.1 billion) went into companies based in Bengaluru(Karnataka). With this Bengaluru joins the top 5 hubs for tech VC investment.
• Bengaluru accounted for five of the top 10 deals for Indian tech companies in 2022 viz. Byju’s (USD 800m) Swiggy (USD 700m), Dailyhunt (USD 805m), Polygon (USD 450m) and ShareChat (USD 225m).
iii. Maharashtra grabbed two mega deals for ElasticRun (USD 300m) and Xpressbees (USD 300m), with Gurugram-based Delhivery (USD 300m) making up the top 10. - According to data provided by Tracxn in January 2023, which city has topped the startup funding chart in India with $10.8 billion in 2022?
1) Bengaluru, Karnataka
2) Mumbai, Maharashtra
3) Gurugram, Haryana
4) Chennai, Tamil Nadu
5) Noida, Uttar PradeshAnswer-1) Bengaluru, Karnataka
Explanation:
According to data provided by Tracxn, a leading global market intelligence platform, Bengaluru (Karnataka) topped the startup funding chart in India with $10.8 billion in 2022. It is followed by Mumbai (Maharashtra) at USD 3.9 billion, and Gurugram (Haryana) at USD 2.6 billion.
• Startups in Delhi and Chennai (Tamil Nadu) registered USD 1.2 billion each in funding, and Pune (Maharashtra) at $1 billion.
i. Byju’s has topped the list of highest funding raised in 2022 with over USD 1.2 billion from existing investors.
ii. There were 22 unicorns in 2022, compared to 46 in 2021, and average funding before the unicorn round was around USD 160 million. - Which bank has recently (in Jan ‘23) become the first Public Sector Bank (PSB) to introduce a credit card against fixed deposits (FDs) digitally?
1) Indian Bank
2) Bank of Baroda
3) Punjab National Bank
4) Union Bank of India
5) Bank of MaharashtraAnswer-3) Punjab National Bank
Explanation:
Punjab National Bank (PNB) has become the first Public Sector Bank (PSB) to introduce a credit card against fixed deposits (FDs) digitally, for customers who do not fulfill the eligibility criteria for regular credit cards.
i. PNB has introduced two types of consumer credit cards: ‘PNB Global Gold’ and ‘PNB Global Classic’, which are designed to meet various income levels and customer needs.
ii. PNB has raised the interest rate on FDs across various tenures by 50 basis points (bps) in an effort to attract deposits. The revised FD rates are effective from January 1, 2023. - Name the bank that has recently (in Jan ‘23) raised Rs 9,718 crore through its 2nd infrastructure bond issuance at a coupon rate of 7.70% per annum for the 15-year bond.
1) Indian Bank
2) Punjab National Bank
3) Bank of India
4) Canara Bank
5) State Bank of IndiaAnswer-5) State Bank of India
Explanation:
On 18th January 2023, the State Bank of India (SBI), India’s largest bank, raised Rs 9,718 crore through its 2nd infrastructure bond issuance at a coupon rate of 7.70% per annum for the 15-year bond.
i. The pricing of 7.70% represents a spread of 17 basis points(bps) over the G-Sec (Government Security) curve. This is the 2nd fundraising of SBI since December 2022.
ii. On 6th December 2022, SBI raised Rs 10,000 crore through its maiden infrastructure bond issuance at a coupon rate of 7.51%, at a spread of 17 bps over the corresponding G-Sec curve. - According to the EY (Ernst & Young) report, India’s economy will reach USD 26 trillion by ________.
1) 2025
2) 2047
3) 2040
4) 2030
5) 2045Answer-2) 2047
Explanation:
According to the estimates released by consulting firm EY (Ernst & Young) in its report ‘India@100: Realising the potential of a $26 trillion economy’, India’s economy will reach USD 26 trillion by 2047.
• Notably, the year 2047 will mark the 100th year of India’s independence. The per capita income is expected to increase to USD 15,000 which will place India among the ranks of developed economies.
i. The report was launched by Union Minister Ashwini Vaishnaw, Ministry of Electronics and Information Technology and Ministry of Railways, on the sidelines of the World Economic Forum (WEF) being held at Davos, Switzerland. - Name the Indian state that has recently (in Jan ‘23) won the “Bronze Award” in the United Nations Human Settlements Programme’s (UN-Habitat) “World Habitat Awards 2023” for the Jaga Mission, a 5T programme of the state.
1) West Bengal
2) Odisha
3) Karnataka
4) Gujarat
5) MaharashtraAnswer-2) Odisha
Explanation:
Odisha has won the “Bronze Award” in the United Nations Human Settlements Programme’s (UN-Habitat) “World Habitat Awards 2023” for the Jaga Mission, a 5T programme of the state. [5T: Transparency; Technology; Teamwork; Time & Transformation]
i. Jaga Mission – ‘Odisha Liveable Habitat Mission’ is India’s largest land titling and slum upgrading initiative, and one of the largest in the world.
ii. The 2023 Bronze Award is Jaga Mission’s second bronze award; it previously won a bronze award at the ‘World Habitat Awards 2019’ for its achievement in granting secure land tenure to slum dwellers. UN-Habitat’s World Habitat Awards 2023: List of Awardees - Who has recently (in Jan ‘23) elected as the Executive Director (ED) of the United Nations Environment Program (UNEP) for the second term?
1) Inger Andersen
2) Radhika Ochalik
3) Alexander Juras
4) Sianga Abilio
5) Gabriela MartinicAnswer-1) Inger Andersen
Explanation:
The United Nations General Assembly (UNGA) elected Inger Andersen of Denmark as Executive Director (ED) of the United Nations Environment Program (UNEP) for a second, 4-year term beginning from 15th June 2023 to 14th June 2027.
• She is currently serving her initial 4-year term from 2019 to 2023.
i. She served as the Vice President for the Middle East and North Africa, the Vice President for Sustainable Development, and the Head of the CGIAR Fund Council at the World Bank for 15 years (between 1999 and 2014).
ii. Between 2015 and 2019, Inger Andersen led the International Union for Conservation of Nature (IUCN) for 4 years before being named the head of UNEP in June 2019. - Which country’s Archaeologists have recently (in Jan ‘23) found the ‘World’s Oldest Runestone’?
1) France
2) Sweden
3) Norway
4) Germany
5) SpainAnswer-3) Norway
Explanation:
Archaeologists in Norway have found the oldest runestone in the world. The inscriptions are up to 2,000 years old and date back to the earliest days of the enigmatic history of runic writing in Oslo, Norway.
i. The runestone, which measures 31 by 32 centimetres, has numerous inscriptions that include runes and letters related to the Germanic alphabet. Eight runes on the front of the stone read “idiberug”.
ii. The runestone was discovered in 2021 during the excavation of a grave at Tyrifjord, west of Oslo, Norway, in a region known for many monumental archaeological finds. - Padma Shri Awardee ‘Prabhaben Sobhaghchand Shah’, passed away in January 2023.
In which field did she receive Padma Shri award in 2022?
1) Social Worker
2) Literature and Education
3) Art
4) Civil Service
5) Public AffairsAnswer-1) Social Worker
Explanation:
Padma Shri Awardee Prabhaben Sobhaghchand Shah, Social Worker from Union Territory (UT) of Dadra and Nagar Haveli, Daman, and Diu passed away in Daman at the age of 92.
i. Prabhaben Shah, fondly known as “Daman ki Divya”, organised canteens for the poor and coordinated the All India Women Council’s “Vatra Banks” to assist Gujarat flood victims.
ii. In 2022, Prabhaben Shah received Padma Shri, India’s 4th highest civilian award, for Social Work (Dadra and Nagar Haveli and Daman and Diu).
- Name the Scheme that was recently (in Jan ‘23) discontinued by the Ministry of Minority Affairs (MoMA).
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