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- In May 2023, the University Grants Commission (UGC) announced a new initiative, ‘NEP SAARTHI’ to involve students in the implementation of the National Education Policy (NEP) 2020.
What does ‘T’ stand for in SAARTHI?
1) Transforming
2) Teaching
3) Tertiary
4) Technology
5) TrainingAnswer-1) Transforming
Explanation:
The University Grants Commission (UGC) has announced a new initiative titled ‘NEP SAARTHI (Student Ambassador for Academic Reforms in Transforming Higher Education in India)’ to involve students in the implementation of the National Education Policy (NEP) 2020.
i. Objective: To create an environment where students could engage and participate to make effective use of the provisions of NEP 2020.
ii. UGC has instructed all vice-chancellors, directors and principals of Higher Education Institutions (HEIs) to nominate 3 students from their institutions to be considered as NEP SAARTHIs along with a brief write-up justifying the nomination. - As of May 2023, which of the following points is/are “correct” with respect to the ‘Certificate of Registration (CoR)’?
A) The Reserve Bank of India (RBI) in the exercise of powers conferred on it under Section 45-IA (6) of the RBI Act, 1934 has cancelled the Certificate of Registration (CoR) of seven Non-Banking Finance Companies (NBFC).
B) With this, the notified companies are barred from transacting the business of a Non-Banking Financial Institution (NBFI), as defined in clause (a) of Section 27-A of the RBI Act, 1934.
C) The 14 NBFCs have surrendered the Certificate of Registration (CoR) granted to them by the RBI.
1) Only A
2) Only A & B
3) Only B & C
4) Only A & C
5) All A, B & CAnswer-4) Only A & C
Explanation:
The Reserve Bank of India (RBI) in the exercise of powers conferred on it under Section 45-IA (6) of the RBI Act, 1934 has cancelled the Certificate of Registration (CoR) of seven Non-Banking Finance Companies (NBFC).
i. With this, the notified companies are barred from transacting the business of a Non-Banking Financial Institution (NBFI), as defined in clause (a) of Section 45-I of the RBI Act, 1934. List of 7 NBFC are.
ii. The 14 NBFCs have surrendered the Certificate of Registration (CoR) granted to them by the RBI. Thus, RBI, in exercise of powers conferred on it under Section 45-IA (6) of the RBI Act, 1934, has therefore cancelled their CoR. - Which regulatory body of the Ministry of Finance/Stock exchange has recently (in May ‘23) introduced a risk disclosure framework for individual traders for trading in the equity Futures & Options (F&O) segment?
1) Reserve Bank of India
2) Securities and Exchange Board of India
3) Insurance Regulatory and Development Authority
4) National Stock Exchange of India Limited
5) Bombay Stock Exchange LimitedAnswer-2) Securities and Exchange Board of India
Explanation:
On May 19, 2023, the Securities and Exchange Board of India (SEBI) introduced a risk disclosure framework for individual traders for trading in the equity Futures & Options (F&O) segment.
i. Objective: To empower the traders with detailed information about the risks associated with trading in derivatives and also to facilitate informed decision-making by the investors.
ii. The risk disclosure framework would come into force with effect from July 01, 2023
Note- According to SEBI (Securities and Exchange Board of India), the equity Futures & Options (F&O) segment refers to a specific segment of the financial market where derivatives contracts based on equity (stocks) are traded. - Name the Insurance Company that has recently (in May ‘23) launched India’s first small-cap fund in the ULIP (Unit Linked Insurance Plan) segment.
1) Bajaj Allianz Life Insurance
2) Max Life Insurance
3) Bharti AXA Life Insurance
4) HDFC Life Insurance
5) ICICI Prudential Life InsuranceAnswer-1) Bajaj Allianz Life Insurance
Explanation:
Bajaj Allianz Life Insurance Company Ltd launched India’s first small-cap fund in the ULIP (Unit Linked Insurance Plan) segment namely ‘Bajaj Allianz Life Small Cap Fund’ that offers customers the opportunity to achieve capital appreciation by investing in a diversified portfolio of small-cap stocks.
• The NFO (New Fund Offer) period for Bajaj Allianz Life’s small-cap fund ends on May 23, 2023.
• The benchmark index is the Nifty Small Cap 100 index.The benchmark index is a standard or reference point used to measure the performance of a particular market or segment. - As of May 2023, which of the following points is “Incorrect” with respect to the Axiom Mission 2 (Ax-2)?
A) Spacex Falcon 9 Rocket launched the Crew of 4 astronauts (2 Americans & 2 Saudi Arabians) with the Dragon Capsule spacecraft on the Ax-2 chartered flight to the International Space Station (ISS) from the United States of America (USA).
B) One of the crew members, Mariam H. Fardous, became the first woman Astronaut from Saudi Arabia to go to space.
C) The crew was led by Peggy Annette Whitson, a retired National Aeronautics and Space Administration (NASA) astronaut and former NASA Chief Astronaut
1) Only A
2) Only B
3) Only C
4) Both A & B
5) Both B & CAnswer-2) Only B
Explanation:
Spacex Falcon 9 Rocket launched the Crew of 4 astronauts (including the 2 Saudi Arabian Astronauts) with the Dragon Capsule spacecraft on the all-private Axiom Mission 2 (Ax-2) chartered flight to the International Space Station (ISS) from the Kennedy Space Center in Florida, the United States of America (USA).
Saudi Astronauts’ 1st Flight to ISS:
• The private flight carries two Americans and two Saudi Arabians, including the first woman to fly in space from the Arab nation.
• One of the crew members, Rayyanah Barnawi, became the first woman Astronaut from Saudi Arabia to go to space. She was accompanied by Ali al-Qarni, a fighter pilot with the Royal Saudi Air Force.
The 4 astronauts are namely:
• Peggy Annette Whitson- retired National Aeronautics and Space Administration (NASA) astronaut and former NASA Chief Astronaut & lead the Crew;
• RayyanahBarnawi- a stem cell Researcher;
• Ali al-Qarni- a fighter pilot with the Royal Saudi Air Force;
• John Shoffner- former driver and owner of a sports car racing team that competes in Europe from Tennessee, USA. - Which of the following points is/are “correct” with respect to the 2023 Italian Open held at Rome in May 2023?
A) Russian tennis player Daniil Medvedev claimed his first-ever Association of Tennis Professionals (ATP) title on the clay court by winning the Men’s Singles title in the 2023 Italian Open.
B) Iga Świątek of Poland won the Women’s singles title at the Italian Open 2023 by defeating Elena Rybakina of Kazakhstan.
C) Polish-Monegasque duo Jan Zieliński and Hugo Nys won the men’s doubles title at the Italian Open 2023 defeating Robin Haase and Botic van de Zandschulp of the Netherlands
1) Only A
2) Only A & B
3) Only B & C
4) Only A & C
5) All A, B & CAnswer-4) Only A & C
Explanation:
Russian tennis player Daniil Medvedev won the Men’s Singles title at the 2023 Italian Open (also known as the Rome Masters or the Internazionali BNL d’Italia) by defeating Holger Rune of Denmark in the final. The 2023 Italian Open was from 2nd to 21st May 2023 at Foro Italico in Rome, Italy.
• This marks Daniil Medvedev’s first-ever Association of Tennis Professionals (ATP) title on the clay court of his career and his first-ever Italian Open title.
• With this win, Daniil Medvedev ascended to world number 2 in the ATP rankings.
i. The 2022 Wimbledon champion Elena Rybakina won the Women’s singles title at the Italian Open 2023 by defeating Anhelina Kalinina of Ukraine. This marks her first major title on clay.
ii. Italian Open 2023 is the 80th edition of the Internazionali BNL d’Italia and the 1st event with an upgraded format in 2 weeks and a 96-player draw.
Winner of Italian Open 2023:Category Winners Runners Men’s Singles Daniil Medvedev (Russia) Holger Rune (Denmark) Women’s Singles Elena Rybakina (Kazakhstan) Anhelina Kalinina (Ukraine) Men’s Doubles Hugo Nys (Monaco) and Jan Zieliński (Poland) Robin Haase and Botic van de Zandschulp (Netherlands) Women’s Doubles Storm Hunter and Elise Mertens (Belgium) Coco Gauff and Jessica Pegula (USA) - Name the Indian athlete who recently (in May ’23) won the bronze medal in the women’s long jump event at the Seiko Golden Grand Prix 2023 in Yokohama, Japan.
1) Nayana James
2) Shaili Singh
3) Neena Varakil
4) Reeth Abraham
5) Sylvia GauntletAnswer-2) Shaili Singh
Explanation:
Indian athlete (Long Jumper) Shaili Singh bagged a Bronze medal as she finished in 3rd at the Seiko Golden Grand Prix 2023 athletics meet in the women’s long jump event held in Yokohama, Japan.
• She also recorded jumps of 6.59m, 6.35m, 6.36m, and 6.41m at the Yokohama meet, a World Athletics Continental Tour gold label event.
i. German athlete Maryse Luzolo, who competed at the Tokyo 2020 Olympics, won the Gold medal with an effort of 6.79m.
ii. Two-time Commonwealth Games silver medallist Brooke Buschkuehl, an Olympic long jumper from Australia, bagged the Silver medal with a 6.77m leap. - Who authored the book, “Partitioned Freedom” that was recently (in May ‘23) released by Gulab Chand Kataria, Governor of Assam?
1) Bina Agarwal
2) Ram Madhav
3) Shashi Tharoor
4) Utsa Patnaik
5) Sugata BoseAnswer-2) Ram Madhav
Explanation:
Gulab Chand Kataria, Governor of Assam, released a book titled “Partitioned Freedom”, which was authored by Ram Madhav and published by Prabhat Prakashan Pvt. Ltd, in Guwahati, Assam.
i. The book “Partitioned Freedom” offers profound insights into the events that unfolded during 1905 and the pre-independence era.
ii. Ram Madhav is an Indian Politician, Author, and thinker. His other books are “Uneasy Neighbours: India and China After 50 Years of the War” and “Asahaj Padosi”. - When was the United Nations (UN) International Tea Day 2023 observed across the globe?
1) 21st May 2023
2) 18th May 2023
3) 20th May 2023
4) 17th May 2023
5) 19th May 2023Answer-1) 21st May 2023
Explanation:
The United Nations (UN) International Tea Day 2023 was observed on 21st May 2023 globally to promote the ways to sustain the production and consumption of tea across the globe and also to learn the significance of tea in combating hunger and poverty.
i. The day is observed by the Food and Agriculture Organisations (FAO) of the UN in collaboration with other relevant Organizations.
ii. The first International Tea day was celebrated in New Delhi, Delhi in December 2005. - In May 2023, ___________ became India’s 1st state to provide free air travel to pilgrims under the “MukhyaMantri Teerth-Darshan Yojana”.
1) Gujarat
2) Rajasthan
3) Maharashtra
4) Uttar Pradesh
5) Madhya PradeshAnswer-5) Madhya Pradesh
Explanation:
Shivraj Singh Chouhan, Chief Minister (CM) of Madhya Pradesh (MP), flagged off a batch of 32 senior citizens (comprising 24 men and eight women) on pilgrimage to Prayagraj, Uttar Pradesh (UP), from Raja Bhoj Airport in Bhopal, MP, through a flight under the “Mukhya Mantri Teerth-Darshan Yojana”.
i. Madhya Pradesh has become India’s 1st state to conduct pilgrimage by air on government expenditure under the “Mukhya Mantri Teerth-Darshan Yojana”.
- In May 2023, the University Grants Commission (UGC) announced a new initiative, ‘NEP SAARTHI’ to involve students in the implementation of the National Education Policy (NEP) 2020.
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