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- In September 2022, the Ministry of Micro, Small & Medium Enterprises (MoMSME) introduced the “Capacity Building of First Time MSE Exporters” (CBFTE) component of the International Cooperation (IC) Scheme.
Which organisation was appointed as the implementing agency of the scheme?
1) Securities and Exchange Board of India
2) Small Industries Development Bank of India
3) Export Credit Guarantee Corporation of India
4) Employees’ State Insurance Corporation
5) Insurance Regulatory and Development AuthorityAnswer- 3) Export Credit Guarantee Corporation of India
Explanation:
The Ministry of Micro, Small & Medium Enterprises (MoMSME) has introduced the “Capacity Building of First Time MSE Exporters” (CBFTE) component of the International Cooperation (IC) Scheme.
i. The scheme is intended to assist Micro and Small Enterprises (MSEs) in marketing their products in international markets by offering incentives at various phases of the business cycle.
ii. MoMSME designated ECGC Ltd. (Formerly known as Export Credit Guarantee Corporation of India Ltd.) as the implementing agency of the scheme. - As per the 13th edition of Global Wealth Report 2022 by Credit Suisse, Global wealth increased to _______ (USD 41.4 trillion) YoY at USD 463.6 trillion in 2021.
1) 5.3%
2) 6.4%
3) 9.8%
4) 8.5%
5) 7.2%Answer- 3) 9.8%
Explanation:
According to the 13th edition of Global Wealth Report 2022 by Credit Suisse ,a Switzerland-based investment bank and financial services firm, India witnessed a 12 percent year-on-year (YoY) growth in total household wealth in FY21.
i. The report also estimates that global wealth totaled USD 463.6 trillion at the end of 2021, a rise of USD 41.4 trillion (9.8%).
ii. The report also forecasts the number of millionaires in India to more than double from 796,000 in 2021 to 1.6 million in 2026. - Reserve Bank of India (RBI) recently (in September’22) removed the Prompt Corrective Action Framework (PCAF) restrictions on __________.
1) Bank of India
2) Central Bank of India
3) Punjab National Bank
4) Union Bank of India
5) Bank of MaharashtraAnswer-2) Central Bank of India
Explanation:
The Reserve Bank of India (RBI) has removed the Central Bank of India from the Prompt Corrective Action Framework (PCAF) watchlist following its improvement in various parameters.
i. RBI has imposed restrictions on the bank to strict lending curbs in June 2017 due to its high net Non-Performing Assets (NPAs) and low Return on Assets.
ii. This decision has been taken after the board for financial supervision of RBI has reviewed the performance of the Central Bank of India, the figures of which for the year ended March 31, 2022 adhered to the PCA parameters. - Which of the following points are “Incorrect” with respect to the RBI’s direction to urban cooperative banks (UCBs) in tier 3 and tier 4 categories?
A) UCBs with more than Rs 10,000 crore deposits (tier 4 category) are mandated to create the same, including the appointment of a Chief Compliance Officer (CCO), by 1st April, 2023.
B) UCBs more than Rs 1,000 crore and up to Rs 10,000 crore deposits (tier 3 category) are mandated to create the same, including the appointment of CCO, by 1st May, 2023.
C) The CCO is the head of the Compliance Department & tenure should be at least 3 years.
1) Only A
2) Only B
3) Only C
4) Only A & B
5) Only B & CAnswer- 2) Only B
Explanation:
The Reserve Bank of India (RBI) directed Urban Cooperative Banks (UCBs) belonging to tier 3 and tier 4 categories, except UCBs under All Inclusive Directions (AID), to create a Board-approved policy and compliance function.
i. Under this, UCBs with more than Rs 10,000 crore deposits (tier 4 category) are mandated to create the same, including the appointment of a Chief Compliance Officer (CCO), by April 1, 2023.
ii. While Tier 3 UCBs i.e. those having more than Rs 1,000 crore and up to Rs 10,000 crore deposits are given the deadline of October 1, 2023.
iii. The Chief Compliance Officer (CCO) is the head of the Compliance Department & tenure should be at least 3 years.
iv. According to the Reserve Bank of India’s (RBI), India’s banking system liquidity has slipped into deficit for the first time in nearly 40 months. On September 20, 2022, RBI infused 218 billion Indian rupees ($2.73 billion) into the banking system.
Overnight rates continue to stay elevated, with one-day call money rate jumping to 5.85%, highest since July 2019. - Which of the following points are ‘Incorrect’ with respect to the Bill and Melinda Gates Foundation’s Goalkeepers Global Goals Awards 2022 as of September 2022?
1) Ursula von der Leyen (Germany) honoured with the Global Goalkeeper Award 2022.
2) Vanessa Nakate (Uganda) honoured with the Campaign Award 2022
3) Zahra Joya (Afghanistan) honoured with the Changemaker Award 2022
4) Dr. Radhika Batra (Bangladesh) honoured with the Progress Award 2022
5) None of the aboveAnswer- 4) Dr. Radhika Batra (Bangladesh) honoured with the Progress Award 2022
Explanation:
Bill and Melinda Gates Foundation honoured 4 changemakers, Dr Radhika Batra (India), Zahra Joya (Afghanistan), Vanessa Nakate (Uganda), and Ursula von der Leyen (Germany), with the 2022 Goalkeepers Global Goals Awards as a part of its annual Goalkeepers campaign.
Winners of 2022 Goalkeepers Global Goals Awards:
- Name the personalities who were recently (in Sept ‘22) appointed as the Trustees of Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund).
1) Kariya Munda
2) Ratan Tata
3) K.T. Thomas
4) Both 1 & 2
5) All 1, 2 & 3Answer-5) All 1, 2 & 3
Explanation:
Government has appointed Tata Sons Chairman Emeritus, Ratan Tata; retired Justice K.T. Thomas, former Supreme Court judge; and former deputy Speaker of Lok Sabha Kariya Munda as the trustees of the Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund).
i. Ratan Tata and 2 others were appointed as the newly nominated trustees during the meeting of the Board of Trustees of the PM CARES Fund on 20th September 2022 which was chaired by Prime Minister Narendra Modi. - In September 2022, Union Minister Dharmendra Pradhan launched the SCALE (Skill Certification Assessment for Leather Employees) app for skill development in the leather sector.
Which organisation developed the SCALE app?
1) Indian social entrepreneurs
2) Leather Skill Sector Council
3) National Small Industries Corporation
4) National Commission for Enterprises
5) Bharat MSME & Startups ForumAnswer-2) Leather Skill Sector Council
Explanation:
Union Minister of Education and Skill Development and Entrepreneurship Dharmendra Pradhan launched the SCALE (Skill Certification Assessment for Leather Employees) app during his visit to the Council of Scientific & Industrial Research – Central Leather Research Institute(CSIR-CLRI), Chennai, Tamil Nadu.
i. SCALE, an Android app developed by the Leather Skill Sector Council (LSSC), provides a one-stop solution for the skilling, learning, assessment, and employment needs of the leather industry. - Padma Shri Awardee Acharya Ram Yatna Shukla recently (in Sept ‘22) passed away. In which year did he receive Padma Shri award in the field of Social Work?
1) 2017
2) 2020
3) 2019
4) 2021
5) 2018Answer-4) 2021
Explanation:
Padma shri awardee Prof Acharya Ram Yatna Shukla, a Sanskrit scholar and former President of Kashi Vidwat Parishad, passed away at the age of 90 years.
i. He is popularly called as “Abhinav Panini” due to his contribution towards inventing new methods of Sanskrit Grammar and Vedanta teaching and modernisation.
ii. He was awarded the Padma Shri award in 2021 for immense contribution in social work. - What is the theme of the United Nations (UN) International Day of Peace 2022 that was observed across the globe on 21st September 2022?
1) Fight Inequality, Fight Racism
2) Recovering better for an equitable and sustainable world
3) Shaping Peace Together
4) End racism. Build peace
5) Climate Action for PeaceAnswer-4) End racism. Build peace
Explanation:
The United Nations (UN) International Day of Peace, also known as World Peace Day 2022 was observed across the globe on 21st September 2022 with the theme of “End racism. Build peace”.
i. The day was declared by the UN General Assembly in 1981, by which it declared the 3rd Tuesday of September and observed during the inaugural session of the annual General Assembly. The 1st International Day of Peace was celebrated on 21st September 1982.
ii. In 1954, The ‘Peace Bell’ in the headquarters of the United Nations was donated by Chiyoji Nakagawa, the former counsellor of the United Nations Association of Japan. It is known as the ‘Japanese Peace Bell’. - The Railway Protection Force (RPF) celebrated its ______ Raising Day on 20th September 2022.
1) 38th
2) 34th
3) 36th
4) 32nd
5) 40thAnswer- 1) 38th
Explanation:
The Railway Protection Force (RPF) is annually observed on 20th September as the Raising Day of RPF by the members of the force and their families.
i. On 20th September 2022, the RPF celebrated the 38th Raising Day and the parade was organized as a part of the celebration for the 1st time at the Central Level at Jag Jeewan Ram RPF Academy in Lucknow, Uttar Pradesh.
- In September 2022, the Ministry of Micro, Small & Medium Enterprises (MoMSME) introduced the “Capacity Building of First Time MSE Exporters” (CBFTE) component of the International Cooperation (IC) Scheme.
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