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- For How many Days/Months, the Central Government recently (in April’22) extended the Pradhan Mantri Garib Kalyan Package (PMGKP)?
1) 180 days
2) 3 Months
3) 100 days
4) 2 Months
5) 120 daysAnswer-1) 180 days
Explanation:
The Central Government extended Pradhan Mantri Garib Kalyan Package (PMGKP) for a further period of 180 days w.e.f. April 19, 2022. The focus behind this extension is to continue providing the safety net to the dependents of health workers who are taking care of COVID-19 patients.
About Pradhan Mantri Garib Kalyan Package (PMGKP):
Launched on March 30, 2020, it provides comprehensive personal accident cover of Rs 50 Lakh to 22.12 lakh health care providers including community health workers and private health workers who have been in direct contact of COVID-19 patients and are at risk of being impacted by this. - In April 2022, India’s first portable solar rooftop system was inaugurated at the Swaminarayan Akshardham temple complex in __________.
1) Rishikesh, Uttarakhand
2) Gaya, Bihar
3) Varanasi, Uttar Pradesh
4) Jaipur, Rajasthan
5) Gandhinagar, GujaratAnswer-5) Gandhinagar, Gujarat
Explanation:
India’s first portable solar rooftop system, was inaugurated at the Swaminarayan Akshardham temple complex, Gandhinagar, Gujarat, under the Ministry of New and Renewable Energy’s initiative to develop renewable energy cities across India.
i. The 10 PhotoVoltaic (PV) Port System installation has been supported by the German agency Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ).
ii. The Portable solar rooftop system, designed by GIZ, is a standard plug and play PV system with a minimum 2 KiloWatt peak (kWp) that comes with or without battery storage.
iii. The PV ports have been manufactured by the New-Delhi based Servotech Power Systems Limited (SPSL), a leading high-end Solar Products manufacturer under the Make in India Project. - In April 2022, The Ministry of Corporate Affairs amended Nidhi Rules, 2014 to protect the public’s interests.
As per the Nidhi (amendment) Rule, 2022, what is the share capital of a public company to be incorporated as a Nidhi company?
1) Rs. 30 lakhs
2) Rs. 10 lakhs
3) Rs. 40 lakhs
4) Rs. 50 lakhs
5) Rs. 20 lakhsAnswer-2) Rs. 10 lakhs
Explanation:
The Ministry of Corporate Affairs has amended Nidhi Rules, 2014 to protect the public’s interests.
i. A few necessary and significant amendments to the Nidhi Rules,2014 have been made, which will apply to companies formed after the Nidhi (amendment) Rule, 2022, as follows:
A Public Company incorporated as a Nidhi with a share capital of Rs. 10 lakhs must petition to the Central Government to be declared a Nidhi by filing form NDH-4 with a minimum membership of 200 and Net Owned Fund (NoF) of Rs. 20 lakhs within 120 days of its incorporation. - At which pass is India set to get the world’s highest tunnel between Zanskar Valley in Ladakh and Lahaul Valley in Himachal Pradesh?
1) Lipulekh Pass
2) Chang La pass
3) Khardung La pass
4) Shinku La Pass
5) Rohtang La passAnswer-4) Shinku La Pass
Explanation:
India is set to have the world’s highest tunnel at Shinku La Pass, between Zanskar Valley in Ladakh and Lahaul Valley in Himachal Pradesh. The tunnel is set to be built by the Border Roads Organisation (BRO) at an altitude of 16,580 feet above sea level.
i. The BRO will start the construction of the record-breaking tunnel connecting Himachal Pradesh to the Union Territory(UT) of Ladakh by July 2022 and the centre has constituted a BRO team “Project Yojak” to execute the project.
ii. The tunnel will reduce the travel time from Himachal Pradesh to Ladakh. - Which of the following points are correct with respect to the recent (as of April’22) steps taken by RBI regarding Non-Banking Financial Company-Upper Layer (NBFC-UL)?
A) RBI notified Large Exposures Framework (LEF) for Non-Banking Financial Company-Upper Layer (NBFC-UL) with effect from October 1, 2022.
B) The sum of all the exposure values of a NBFC-UL, to a single counterparty and to a group of connected counterparties, must not be higher than 30% and 20% respectively.
C) RBI mandates NBFC-UL to maintain Common Equity Tier 1 (CET1) capital of at least 12% of Risk Weighted Assets as compared to 3.5% for banks.
1) Only A
2) Only B
3) Only A & B
4) Only B & C
5) All A, B & CAnswer-1) Only A
Explanation:
RBI notified Large Exposures Framework (LEF) for Non-Banking Financial Company-Upper Layer (NBFC-UL) with effect from October 1, 2022.
i. The sum of all the exposure values of a NBFC-UL, to a single counterparty and to a group of connected counterparties, must not be higher than 20% and 25% , respectively, of its available eligible capital base at all times.
ii. RBI mandates NBFC-UL to maintain Common Equity Tier 1 (CET1) capital of at least 9% of Risk Weighted Assets as compared to 5.5% for banks. - The International Monetary Fund (IMF) reduced India’s GDP to _______ from 9% in FY23, according to the World Economic Outlook (WEO) report.
1) 5.4%
2) 9.2%
3) 7.5%
4) 8.2%
5) 6.5%Answer- 4) 8.2%
Explanation:
In its latest World Economic Outlook (WEO) report, the International Monetary Fund (IMF) lowered India’s growth forecast to 8.2% for the current financial year 2022–23 (FY23), down from a previous estimate of 9% in January 2022.
i. It cited Russia’s invasion of Ukraine has had an influence on prices and supply chains.
ii. India’s Gross Domestic Product (GDP) is expected to drop to 6.9% in 2023-24 (FY24) from 7.1% (Predicted by IMF in January 2022). - The Securities and Exchange Board of India(SEBI) recently (in April’22) reconstituted its 7- member Advisory Committee for Leveraging Regulatory and Technology Solutions (ALeRTS).
The ALeRTS committee will be headed by whom?
1) Puneet Narang
2) Rohan Rao
3) Sunil Bajpai
4) Subir Saha
5) Madhabi Puri BuchAnswer-3) Sunil Bajpai
Explanation:
The Securities and Exchange Board of India (SEBI) has reconstituted its Advisory Committee for Leveraging Regulatory and Technology Solutions(ALeRTS). The 7-member committee will be headed by Sunil Bajpai, former Principal Advisor (Information Technology) of the Telecom Regulatory Authority of India (TRAI).
About ALeRTS:
The SEBI constituted the seven-member ALeRTS in December 2021 chaired by Madhabi Puri Buch, who is currently serving as the Chairperson of SEBI. - In April 2022, HDFC Ltd. signed an agreement to sell a _______ of the share capital of HDFC Capital to the Abu Dhabi Investment Authority (ADIA) for Rs. 184 crore.
1) 30%
2) 40%
3) 20%
4) 50%
5) 10%Answer-5) 10%
Explanation:
Housing Development Finance Corporation Limited (HDFC Ltd) has signed binding agreements to sell 10% of the share capital of HDFC Capital Advisors Ltd (HDFC Capital) to a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA) for around Rs 184 crore.
i. HDFC Capital is a wholly-owned subsidiary of HDFC Limited and ADIA is also the primary investor in the alternative investment funds managed by HDFC Capital. - From which aircraft, the Indian Air Force (IAF) recently (in April’22) test-fired a BrahMos supersonic cruise missile?
1) INS Surat
2) Sukhoi-30 MkI
3) INS Chennai
4) Mikoyan MiG-31
5) Mirage 2000DAnswer-2) Sukhoi-30 MkI
Explanation:
The Indian Air Force (IAF) has successfully test-fired a BrahMos supersonic cruise missile from a Sukhoi-30 MkI (Su30-MkI) aircraft on the Eastern seaboard, demonstrating its operational preparedness.
i. The missile hit the target, a decommissioned Indian Navy ship, with a direct strike, and the mission was carried out in close cooperation with the Indian Navy.
ii. The BrahMos missile travels at 2.8 Mach, which is nearly three times the speed of sound.
iii. The advanced version of the missile’s range has been increased to around 350 km from the initial 290 km. - Name the 6th Scorpene Submarine of Project 75 that was recently (in April 22) launched in Mumbai, Maharashtra.
1) INS Vagir
2) INS Karanj
3) INS Vagsheer
4) INS Vela
5) INS KalvariAnswer-3) INS Vagsheer
Explanation:
The sixth and last submarine of the Indian Navy’s Kalvari class submarines of Project 75, “INS Vagsheer (Yard 11880)“ was launched by Mrs.Veena Ajay Kumar in Kanhoji Angre Wet Basin of Mazagon Dock Limited (MDL), Mumbai.
i. INS Vagsheer was constructed by MDL under the collaboration with Naval Group, France. INS Vagsheer was named after the “Sand Fish”, a deadly deep sea predator of the Indian Ocean.
About INS Vagsheer:
The first Vagsheer was commissioned in December 1974 and later it was decommissioned in April 1997.
The new submarine is the latest incarnation of its earlier version, as according to naval parlance a ship never ceases to exist.
Note- Six Scorpene-Class attack submarines are: INS Kalvari, INS Khanderi, INS Karanj, INS Vela, INS Vagir and INS Vagsheer.
- For How many Days/Months, the Central Government recently (in April’22) extended the Pradhan Mantri Garib Kalyan Package (PMGKP)?
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