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- Which of the following points are ‘correct’ with respect to the equity allocation standards (as of Oct’ 2022) for Tier 1 & Tier II National Pension System (NPS) accounts?
i. The Pension Fund Regulatory and Development Authority (PFRDA) has revised the equity allocation standards for Tier 1 and Tier II National Pension System (NPS) accounts.
ii. The subscribers can allocate up to 75% of their funds to Equity (E) under active choice in a Tier-I account from the age of 51 years without any tapering requirements.
iii. The option to allocate 100% of the subscriber’s contribution to Asset Class E (Equity) in Tier-II accounts (optional accounts) under the active choice without any tapering conditions.
1) All A, B & C
2) Only A & B
3) Only B & C
4) Only A & C
5) Only AAnswer-1) All A, B & C
Explanation:
The Pension Fund Regulatory and Development Authority (PFRDA) has revised the equity allocation standards for Tier 1 and Tier II National Pension System (NPS) accounts.
i. The new regulation states that subscribers can allocate up to 75% of their funds to Equity (E) under active choice in a Tier-I account from the age of 51 years without any tapering requirements.
ii. In addition, the option to allocate 100% of the subscriber’s contribution to Asset Class E (Equity) in Tier-II accounts (optional accounts) under the active choice without any tapering conditions.
iii. Under the NPS-All Citizen Model, NPS subscribers currently have the option to select any one of the registered pension funds and actively distribute their contributions across four asset classes: Equity (E), Corporate Bonds (C), Government Securities (G), and Alternative Assets (A) with “Active Choice” option. - Name the country that has recently (as of Oct’22) surpassed China & Bangladesh to become India’s 3rd-largest export market.
1) Brazil
2) Indonesia
3) United Kingdom
4) Netherlands
5) JapanAnswer-4) Netherlands
Explanation:
The Netherlands has overtaken China and Bangladesh to become India’s 3rd-largest export destination, marking a significant shift in the export ranking for the fiscal year 2022–2023 (FY23).
• It has risen 2 places in India’s top ten export destinations since FY22, owing to a 106% increase in despatch to USD 7.5 billion until August 2022 in FY23 over the previous year.
i. The United States (US) and the United Arab Emirates (UAE) continue to be India’s largest (1st) and second-largest (2nd) export destinations, respectively.
ii. Only two European countries—the Netherlands and the United Kingdom (UK)—are currently among India’s top ten markets, falling from 4 in FY22 due to a slowing in demand. - Which state has won the top honour at the Pradhan Mantri Awas yojana-Urban (PMAY-U) Awards 2021 under the “Best Performing State” category in October 2022?
1) Uttar Pradesh
2) Maharashtra
3) Gujarat
4) Madhya Pradesh
5) Tamil NaduAnswer-1) Uttar Pradesh
Explanation:
Uttar Pradesh (UP) has won the top honour (1st) at the Pradhan Mantri Awas yojana-Urban (PMAY-U) Awards 2021 under the “Best Performing State” category followed by Madhya Pradesh (2nd) and Tamil Nadu (3rd).
i. The winners of the PMAY (U) Awards 2021 – 150 Days Challenge was felicitated by Hardeep Singh Puri, Minister of Housing & Urban Affairs, during the Indian Urban Housing Conclave 2022 (IUHC 2022) organised in Shastri Maidan, Rajkot, Gujarat from 19th to 21st October 2022.
ii. Madhya Pradesh (MP) has won the PMAY-U Awards 2021 under 3 special categories and Jammu and Kashmir has won the award under “Best Performing Union Territory(UT)” alongside Dadra and Nagar Haveli and Daman & Diu.
iii. Gujarat has won the 5 PMAY-U awards for performance related to Affordable Rental Housing Complexes and ‘Convergence with other Missions’ & Odisha has won the PMAY-U Awards 2021 under the special category ‘Best Policy Initiatives by State’ - Which of the following countries was recently (in Oct ‘22) removed from the Financial Action Task Force (FATF) ‘grey list’ after four years?
1) Nicaragua
2) Pakistan
3) Myanmar
4) Both 1 & 2
5) Both 2 & 3Answer-4) Both 1 & 2
Explanation:
The first Plenary of the Financial Action Task Force (FATF) under the Presidency of T. Raja Kumar of Singapore was held at FATF headquarters in Paris, France. It saw the participation of delegates from over 200 jurisdictions of the Global Network.
i. The Financial Action Task Force (FATF) has removed Pakistan & Nicaragua from its grey list after four years.
• New jurisdictions subject to increased monitoring or under Grey List are the Democratic Republic of Congo (DRC), Mozambique and Tanzania.
• FATF has put Myanmar on the black list/ high-risk jurisdictions and has called on members to apply enhanced due diligence to business relations and transactions in Myanmar. - Who has been appointed as the Chairman of the Quality Council of India (QCI) in October 2022?
1) Rajesh Maheshwari
2) Ravi P. Singh
3) Adil Zainulbhai
4) Jaxay Shah
5) Deep KapuriaAnswer-4) Jaxay Shah
Explanation:
Quality Council of India (QCI) has appointed Jaxay Shah, former Chairman of the Confederation of Real Estate Developers’ Associations of India (CREDAI) as the new Chairman of QCI for a period of 3 years with effect from 21st October 2022.
• Jaxay Shah succeeds the former McKinsey India Chief Adil Zainulbhai who served as the Chairman of QCI from 2014 to 2022.
About the Quality Council of India (QCI):
Headquarters- New Delhi, Delhi
Established- 1997 - In October 2022, India test-fired ‘Agni Prime’, a new generation nuclear-capable ballistic missile from off the coast of Odisha.
The ‘Agni Prime’ is a surface-to-surface ballistic missile with a maximum range of _________.
1) 1500 km
2) 3500 km
3) 2000 km
4) 4000 km
5) 1000 kmAnswer-3) 2000 km
Explanation:
India successfully test-fired ‘Agni Prime’, a new generation nuclear capable ballistic missile from off the coast of Odisha.
• This was Agni Prime’s third consecutive and successful test.
About Agni Prime:
i. The ‘Agni Prime’ is a surface-to-surface ballistic missile with a range of 1000 to 2000 km.
ii. It weighs around 50 percent less than the Agni 3 missile and also has new guidance and propulsion systems.
iii. The nuclear-capable missile has been designed and developed by the Defence Research and Development Organization (DRDO). - Name the institute that has recently (in Oct ‘22) studied the interactions between microbes in the International Space Station (ISS) along with National Aeronautics and Space Administration (NASA) Jet Propulsion Laboratory (JPL) researchers.
1) IIT Bombay
2) IIT Madras
3) IIT Delhi
4) IIT Kanpur
5) IIT KharagpurAnswer-2) IIT Madras
Explanation:
The Indian Institute of Technology Madras (IIT-Madras) and National Aeronautics and Space Administration (NASA) Jet Propulsion Laboratory (JPL) researchers have studied the interactions between microbes in the International Space Station (ISS).
i. A microbe that resides on the ISS was found to be beneficial to various other microorganisms but hampered the growth of a fungus.
ii. This study was inspired by the earlier observations of the dominance of ‘Klebsiella pneumoniae’ (a bacteria), on the surfaces of the ISS. - Which state will host the 5th Khelo India Youth Games (KIYG) in 2022?
1) Telangana
2) Haryana
3) Gujarat
4) Madhya Pradesh
5) Andhra PradeshAnswer-4) Madhya Pradesh
Explanation:
The 5th edition of Khelo India Youth Games (KIYG) 2022 will be held in 8 cities in Madhya Pradesh from 31st January to 11th February 2023.
i. Bhopal, Indore, Gwalior, Ujjain, Maheshwar, Jabalpur, Mandla and Balaghat are the 8 cities in Madhya Pradesh that will host KIYG 2022.
ii. Madhya Pradesh will be the 5th Indian state to host the Khelo India Youth Games. KIYG 2022 will feature a mix of Olympic, non-Olympic and traditional Indian sports like mallakhamb. - Name the author of the book, “From Dependency to Self-Reliance: Mapping India’s Rise as a Global Superpower.”
1) Bimal Jalan
2) Urjit Patel
3) Keki Mistry
4) Raghuram Rajan
5) Pulapre BalakrishnanAnswer-1) Bimal Jalan
Explanation:
Economist Dr Bimal Jalan authored the book “From dependence to Self-Reliance: Mapping India’s Rise as a Global Superpower”, a stocktaking of India’s growth trajectory, benefits from Bimal Jalan’s deep insights. The book is written lucidly, with the general reader in mind.
i. Bimal Jalan breaks his book into 3 parts: 4 chapters on the economy, and 3 each on governance and politics. - When was International Stuttering Awareness Day (ISAD) 2022 celebrated across the globe?
1) 21st October 2022
2) 24th October 2022
3) 22nd October 2022
4) 20th October 2022
5) 23rd October 2022Answer-3) 22nd October 2022
Explanation:
International Stuttering Awareness Day (ISAD) 2022 was celebrated across the globe on 22nd October 2022 to create awareness about the speech disorder known as stuttering or stammering. The 1st ISAD was observed on 22nd October 1998.
i. ISAD 2022 Online Conference started on October 1 and finishes on October 31, acknowledging the many events around the world on October 22. The ISAD online conference has been an integral part of the ISAD since its inception.
ii. ISAD Online conference 2022 marks the 25th ISAD Online Conference with the theme of “Being Seen, Being Heard- Representation and normalization of stuttering in the mainstream”.
- Which of the following points are ‘correct’ with respect to the equity allocation standards (as of Oct’ 2022) for Tier 1 & Tier II National Pension System (NPS) accounts?
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