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- The Ministry of Finance (MoF) recently (in May ’22) has announced a new Government Guarantee Policy (GGP), according to which the Central Government will not provide guarantees aggregating to an amount more than ________ (percentage) of GDP in any financial year.
1) 1%
2) 2 %
3)1.5 %
4) 0.5 %
5)3 %Answer-4) 0.5 %
Explanation:
The need for a new GGP has become essential as the volume of sovereign guarantees undertaken during a financial year is capped under the Fiscal Responsibility and Budget Management (FRBM) Act of 2003.
The Act states that the Central Government will not provide guarantees aggregating to an amount more than 0.5 % of GDP in any financial year. - Which Indian Institute of Technology (IIT) collaborated with the Ministry of Railways recently (in May ’22) to enter into an Rs 8.34 crore collaborative project on Hyperloop Technology, proposing a high speed transportation system?
1) Indian Institute of Technology, Bombay (IIT-B)
2) Indian Institute of Technology, Madras (IIT-M)
3) Indian Institute of Technology, Delhi (IIT-D)
4) Indian Institute of Technology, Kanpur (IIT-K)
5) Indian Institute of Technology, Hyderabad (IIT-H)Answer- 2) Indian Institute of Technology, Madras (IIT-M)
Explanation:
The Ministry of Railways and Indian Institute of Technology, Madras (IIT-M) has entered into an Rs 8.34 crore collaborative project on Hyperloop Technology, proposing a high speed transportation system. The proposal was approved by Ashwini Vaishnaw, Union Minister for Railways, Communications, Electronics and Information Technology at IIT-M.
At the IIT-M, a team of students, Team Avishkar Hyperloop is working on the emerging domain of Hyperloop-based transportation solutions for a futuristic commuting experience. - Who released the ‘Global Food Policy Report (GFPR) recently (in May ’22)- Climate Change & Food Systems’ stating the number of Indians at risk from hunger is expected to be 73.9 million by 2030?
1) The Food and Agriculture Organisation (FAO)
2) The International Food Policy Research Institute (IFPRI)
3) World Health Organisation (WHO)
4) United Nations World Food Programme (WFP)
5) United Nations Standing Committee on Nutrition (UNSCN)Answer-2) The International Food Policy Research Institute (IFPRI)
Explanation:
The International Food Policy Research Institute (IFPRI) released ‘Global Food Policy Report (GFPR) 2022- Climate Change & Food Systems’ stating the number of Indians at risk from hunger is expected to be 73.9 million by 2030 i.e. an increase by 23%; and 45 million by 2050. With the Climate Change (CC) effect, this number will change to 90.6 million in 2030, and 44.9 in 2050. - Recently (in May ’22) where did NatGeo installed the World’s Highest Weather Station?
1) Mount Everest
2) Lhotse
3) Makalu
4) Kangchenjunga
5) Godwin Austen (K2)Answer-1) Mount Everest
Explanation:
In order to study the changing weather phenomena in the Mount (Mt) Everest, following Expeditions have made –
The National Geographic Society has installed the World’s highest weather station on Mt Everest.
China has flown an airship named Jimu No.1 over Mt Everest at a record height of 9,032 metres in order to study the Atmospheric Composition Data and the Water vapour transporting process from the surface. - Recently (in May ’22) which Bank (issued a Chinese yuan (CNY) 7 billion bond (about USD 1.04 billion) in the China Interbank Bond Market with a 3-year maturity period?
1) Industrial & Commercial Bank of China
2) Bank of China Limited
3) Asian Development Bank
4) The Toronto- Dominion Bank
5) New Development Bank (NDB)Answer-5) New Development Bank (NDB)
Explanation:
On May 18, 2022, the New Development Bank (NDB) issued a Chinese yuan (CNY) 7 billion bond (about USD 1.04 billion) in the China Interbank Bond Market with a 3-year maturity period.
This is the largest Panda Bond transaction ever issued by a Multilateral Development Bank (MDB).
Panda Bonds are bonds issued by international issuers denominated in Chinese yuan (CNY) and traded in mainland China’s domestic market. - What was the growth projection of India’s GDP (Gross Domestic Product) in 2022-23, according to the United Nations Department of Economic and Social Affairs (UN-DESA) in its ‘World Economic Situation and Prospects (WESP) Mid-year Update 2022?
1) 6.7 %
2) 6.4 %
3) 5.5%
4) 5.7 %
5) 8.8 %Answer-2) 6.4 %
Explanation:
The United Nations Department of Economic and Social Affairs (UN-DESA) in its ‘World Economic Situation and Prospects (WESP) Mid-year Update 2022’ has declined India’s GDP (Gross Domestic Product) growth projections from 6.7% to 6.4% for 2022-23.
For 2023-24, 6% GDP growth forecasted for India as against 6.1%. In 2021, India’s economy grew at 8.8%.
The reasons for this decline are the Ukraine-Russia Conflict, higher commodity prices and potential negative spillover effects from monetary tightening in the United States (US).
S&P Global Ratings in its Global Macro Update to Growth Forecasts also slashed India’s growth forecast to 7.3% from 7.8% for FY23 amid rising inflationary pressure and Russia-Ukraine war and for FY24, the growth is projected at 6.5%. - Recently (in May ’22) who has decided to resign from the Managing Director and CEO of Equitas Small Finance Bank headquartered at Chennai in Tamilnadu?
1) Bhaskar S
2) Viswanatha Prasad Subbaraman
3) Jayshree Ashwinkumar Vyas
4) PN Vasudevan
5) Arun RamanathanAnswer-4) PN Vasudevan
Explanation:
PN Vasudevan, Managing Director and CEO, Equitas Small Finance Bank headquartered at Chennai in Tamilnadu, has decided to step down from his role in order to focus on the public charitable trust.
Key Information
i.Concerned Bank Board shall be forming a Search Committee shortly to undertake the process of identifying a successor to become next Managing Director and CEO.
ii.Till the successor is found, PN Vasuden would officiate as MD & CEO of Equitas Small Finance Bank. - Recently (in May ’22) which Country Plans to launch Closeby Habitable Exoplanet Survey (CHES), the World’s First Habitable Planet Search With Space Telescope?
1) United States of America
2) France
3) China
4) Japan
5) RussiaAnswer-3) China
Explanation:China plans for a space project to survey the sky through a space-borne telescope to hunt for habitable Earth-like planets outside the solar system, about 32 light-years from Earth.
The project, named Closeby Habitable Exoplanet Survey (CHES) , would be the first space mission specially designed to search for habitable terrestrial planets around nearby Sun-like stars. - When is World Metrology Day 2022 observed?
1) 21st May
2) 22nd May
3) 19th May
4) 20th May
5) 18th MayAnswer-4) 20th May
Explanation:
World Metrology Day(WMD) is annually observed across the globe on 20th May to create awareness about Metrology, the science of measurement and its application. The day highlights the use of Metrology in scientific fields, innovation, industries, trading and other fields.
The day is an annual celebration of the singing of the Metre Convention on 20th May 1875. - When is World Inflammatory Bowel Disease Day 2022 observed?
1) 20th May
2) 19th May
3) 18th May
4) 15th May
5) 21st MayAnswer-2) 19th May
Explanation:
World Inflammatory Bowel Disease (IBD) Day is annually observed across the globe on 19th May to create awareness about the people who suffer from Crohn’s disease and ulcerative colitis, which are collectively known as Inflammatory Bowel Disease (IBD).
The day is supported and coordinated by the European Federation of Crohn’s and Ulcerative Colitis Associations (EFCCA).
- The Ministry of Finance (MoF) recently (in May ’22) has announced a new Government Guarantee Policy (GGP), according to which the Central Government will not provide guarantees aggregating to an amount more than ________ (percentage) of GDP in any financial year.
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