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- Name the state government that has recently (in May ‘23) signed an agreement with the Ministry of Ports, Shipping & Waterways (MoPSW) for a ‘Riverine based Tourism Circuit’ along the Brahmaputra River.
1) Arunachal Pradesh
2) West Bengal
3) Meghalaya
4) Sikkim
5) AssamAnswer-5) Assam
Explanation:
The Assam Government and the Ministry of Ports, Shipping & Waterways (MoPSW) signed an agreement for a ‘Riverine based Tourism Circuit’ being developed over the River Brahmaputra in Assam Administrative Staff College in Guwahati, Assam.
i. The project is being developed under the Sagarmala Programme will connect the seven historic sites namely Kamakhya (Assam), Pandunath (Assam), Ashwaklanta, Doul Govinda, Umananda, Chakreshwar and Auniati Satra situated in Guwahati, Assam.
ii. The MoU was signed among the Inland Waterways Authority of India (IWAI) under MoPSW; Sagarmala Development Corporation Limited (SDCL) under MoPSW; Assam Tourism Development Corporation (ATDC); and Department of Inland Waterways Transport (DIWT); Government of Assam. - Which country has recently (in May ‘23) signed a Letter of Intent (LoI) with India through Indian Institute of Technology Madras (IIT-M) to establish the Center of Water Technology (CoWT)?
1) Bangladesh
2) Indonesia
3) Israel
4) Sri Lanka
5) MaldivesAnswer-3) Israel
Explanation:
India through the Indian Institute of Technology (IIT) Madras (Chennai, Tamil Nadu) has signed a Letter of Intent (LoI) with the Israel government to build an “India-Israel Center of Water Technology” (CoWT) in Water Resource Management and Water Technologies at IIT Madras.
i. The LoI was signed on 9th May 2023 in New Delhi, Delhi, by Manoj Joshi, Secretary of the Ministry of Housing and Urban Affairs (MoHUA), Prof V Kamakoti, Director of IIT Madras, and Naor Gilon, Ambassador of Israel to India in the presence of External Affairs Ministers S Jaishankar and his Israeli counterpart Eli Cohen.
ii. The CoWT aims to build human capacity to ensure the implementation of the best technologies of Israel in a tailor-made context for the Indian requirements and pilot sustainable technologies to ensure water security for India. - In which state, Union Minister of Fisheries, Animal Husbandry and Dairying, Parshottam Rupala has recently (in May ‘23) launched the “Sagar Parikrama Yatra Phase-V”?
1) West Bengal
2) Maharashtra
3) Gujarat
4) Odisha
5) KeralaAnswer-2) Maharashtra
Explanation:
Union Minister Parshottam Rupala, Ministry of Fisheries, Animal Husbandry & Dairying (MoFAHD), launched the “Sagar Parikrama Yatra Phase-V” in Karanja, Raigad, Maharashtra.
• The yatra started on 17th May 2023 from Gateway of India, Mumbai concluded on 19th May 2023 in Goa.
• It aims to resolve the issues of the fishermen and stakeholders and ensure their economic upliftment.
• The Program ‘Sagar Parikrama’ has successfully completed 4 phases, covering 19 locations in Gujarat, Daman & Diu, Maharashtra, and Karnataka. - In May 2023, the Ministry of Finance omitted rule 7 of the Foreign Exchange Management (Current Account Transactions) Rules, 2000 to bring International Credit Cards (ICCs) spendings outside India under the RBI’s Liberalised Remittance Scheme (LRS).
The Tax Collected at Source (TCS) for foreign remittances under the LRS from 5 per cent to ______ per cent applicable from July 1, 2023.
1) 30
2) 10
3) 15
4) 20
5) 25Answer-4) 20
Explanation:
In consultation with the Reserve Bank of India (RBI), the Ministry of Finance, Government of India (GoI) omitted Rule 7 of the Foreign Exchange Management (Current Account Transactions) Rules, 2000 under Foreign Exchange Management Act (FEMA).
i. The Ministry of Finance included the international credit cards (ICCs) spendings outside India under the RBI’s Liberalised Remittance Scheme (LRS) and also subjected it to a higher rate of 20% Tax Collected at Source (TCS) effective after July 1, 2023.
ii. TCS is the tax the seller collects from the buyer at the point of sale so that it can be deposited with the tax authorities. Banks deduct TCS on foreign remittances.
iii. The amendment of FEMA was made in accordance with the announcement made in budget 2023-23 and the TCS for foreign remittances under LRS was raised from 5% to 20% on overseas tour packages and funds remitted under LRS (other than for education and medical purposes). - Which company has recently (in May ‘23) partnered with the SBI Card and National Payments Corporation of India (NPCI) to launch co-branded RuPay Credit Card?
1) Freecharge
2) Razorpay
3) PhonePe
4) Mobikwik
5) PaytmAnswer-5) Paytm
Explanation:
Paytm in partnership with SBI Card and National Payments Corporation of India (NPCI), launches the next-generation co-branded RuPay Credit Card named ‘Paytm SBI Card’ on the RuPay network.
i. Objective: To further improve credit inclusion in India and make credit cards more accessible to young and digitally-evolved customers.
ii. The card enables customers to make UPI (Unified Payment Interface) payments by scanning QR codes. - Name the bank that has recently (in May ‘23) partnered with Godrej Agrovet Ltd (GAVL) to introduce a new finance offering for oil palm farmers.
1) HDFC Bank
2) ICICI Bank
3) State Bank of India
4) YES Bank
5) Axis BankAnswer-3) State Bank of India
Explanation:
Godrej Agrovet Limited’s (GAVL) Oil Palm Business announced the launch of a first-of-its-kind finance offering for oil palm farmers in partnership with the State Bank of India (SBI).
i. Objective: To offer loans to palm farmers for setting up micro irrigation facilities, establishing fencing arrangements to protect against cattle grazing, and enhancing tube wells on farms. - Which bank has recently (in May ‘23) partnered with Mastercard and Worldline India to launch a mobile app for small-scale merchants to accept card and digital payments on smartphones?
1) Axis Bank
2) YES Bank
3) ICICI Bank
4) HDFC Bank
5) IndusInd BankAnswer-2) YES Bank
Explanation:
YES Bank partnered with Mastercard and Worldline India, and launched YES PAY EASY, a mobile app for small-scale merchants to enable them to accept card and digital payments from their customers’ smartphones.
i. YES PAY EASY will transform the customers’ smartphone into a secure payment acceptance device and enable merchants to use their mobile phones as a Point of Sale (PoS) terminal and accept remote payments.
ii. Merchants can accept payments using Bharat QR, tap-on-phone, and SMS Pay. - Name the Insurance Company that has recently (in May ‘23) partnered with actyv.ai to introduce comprehensive insurance offerings for Small and Midsize Enterprises (SMEs).
1) HDFC ERGO General Insurance
2) Future Generali India Insurance
3) ICICI Lombard General Insurance
4) Bajaj Allianz General Insurance
5) Go Digit General InsuranceAnswer-3) ICICI Lombard General Insurance
Explanation:
ICICI Lombard General Insurance Company Limited announced a strategic partnership with actyv.ai, a Singapore-based enterprise SaaS (Software as a service) platform with embedded B2B (Business-to-business), BNPL (Buy Now Pay Later) and insurance to co-create comprehensive insurance offerings for Small and Midsize Enterprises (SMEs) the entire supply chain ecosystem, encompassing distributors, retailers, and suppliers.
i. The partnership was made to empower sustainable growth, reduce the business, foster growth, and contribute to the overall economic development of the country. - In May 2023, ____________ has replaced Kiren Rijiju with the independent charge as Minister of State in the Ministry of Law and Justice & Kiren Rijiju was assigned with the portfolio of the _____________.
1) Ajay Kumar; Ministry of Planning
2) Arjun Ram Meghwa; Ministry of Earth Sciences
3) Ashwini Kumar Choubey; Ministry of Statistics and Programme Implementation
4) Arjun Ram Meghwa; Ministry of Planning
5) Ajay Kumar; Ministry of Earth SciencesAnswer-2) Arjun Ram Meghwa; Ministry of Earth Sciences
Explanation:
In accordance with the statement issued by the Rashtrapati Bhavan regarding the Union Cabinet Reshuffle, Arjun Ram Meghwal, has replaced Kiren Rijiju with the independent charge as Minister of State in the Ministry of Law and Justice in addition to his existing portfolios.
i. Kiren Rijiju was assigned with the portfolio of the Ministry of Earth Sciences which was earlier handled by Union minister Jitendra Singh.
ii. The reallocated the portfolios of following two ministers in the Union Council of Ministers were made by President Droupadi Murmu, as advised by Prime Minister Narendra Modi. - Who has been recently (in May ‘23) appointed as the Chairman of the Data Security Council of India (DSCI)?
1) Amit Agrawal
2) Debjani Ghosh
3) Vinayak Godse
4) Kailash Katkar
5) Pramod BhasinAnswer-5) Pramod Bhasin
Explanation:
The Data Security Council of India (DSCI) has appointed Pramod Bhasin as its new Chairman with effect from 1st April 2023. He succeeds Rajendra S Pawar, the chairman and co-founder of NIIT Group, who had served as the Chairman of DSCI for a period of 3 years.
i. Pramod Bhasin is currently serving as the Chairman of the Indian Council for Research on International Economic Relations (ICRIER).
ii. The newly appointed leadership aims to establish cybersecurity as a cornerstone of the new era of digitisation along with Vinayak Godse, the Chief Executive Officer (CEO) of DSCI.
- Name the state government that has recently (in May ‘23) signed an agreement with the Ministry of Ports, Shipping & Waterways (MoPSW) for a ‘Riverine based Tourism Circuit’ along the Brahmaputra River.
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