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- Which country recently (in May ’22) conducted the 3rd edition of the Bilateral Exercise ‘Bongosagar 2022’ along with India at Port Mongla in the Northern Bay of Bengal?
1) France
2) Bangladesh
3) Singapore
4) Indonesia
5) Sri Lanka
Answer & Explanation
Answer-2) Bangladesh
Explanation:
The 3rd edition of Indian Navy (IN)-Bangladesh Navy (BN) Bilateral Exercise ‘Bongosagar 2022’ commenced at Port Mongla, Bangladesh. It consists of Harbour Phase, and a Sea Phase in the Northern Bay of Bengal.
Aim of Exercise Bongosagar: To develop a high degree of interoperability and joint operational skills by conducting maritime exercises and operations between the two navies
Participants:
IN– Indigenously Built, Indian Naval Ships (INS) Kora, a guided-missile corvette, and Sumedha, an offshore patrol vessel
BN– Bangladesh Navy Ship (BNS) Ali Haider and BNS Abu Ubaidah, both Guided Missile Frigates
- ________ Became the first woman combat aviator to join the Indian Army Aviation Corps as a helicopter pilot.
1) Gunjan Saxena (Himachal Pradesh)
2) Avani Chaturvedi (Madhya Pradesh)
3) Abhilasha Barak (Haryana)
4) Bhawna Kanth (Bihar)
5) Shivangi Singh (Varanasi)
Answer & Explanation
Answer- 3) Abhilasha Barak (Haryana)
Explanation:
Captain Abhilasha Barak, (26 years old) from Haryana, has become the first woman combat aviator to join the Indian Army Aviation Corps as a helicopter pilot. She graduated at a ceremony held at the Combat Army Aviation Training School in Nashik, Maharashtra.
i. She was awarded the wings’ along with 36 army pilots by Army Aviation Director General (DG) Lieutenant General Ajay Kumar Suri (AK Suri) at the ceremony.
ii. She has been assigned to the 2nd flight of the 2072 Army Aviation Squadron that operates the Dhruv Advanced Light Helicopter (ALH).
- Which ministry released the National Achievement Survey (NAS) 2021 in May 2022?
1) Ministry of Home Affairs
2) Ministry of Micro, Small and Medium Enterprises
3) Ministry of Social Justice and Empowerment
4) Ministry of Education
5) Ministry of Skill Development and Entrepreneurship
Answer & Explanation
Answer-4) Ministry of Education
Explanation:
The Department of School Education and Literacy, Ministry of Education has released the National Achievement Survey (NAS) 2021 report which was conducted on November 12 2021, assessing the state of the School education system in India.
i. The report provides a comprehensive evaluation of children’s learning competencies at classes III, V, VIII and X on subjects such as languages, mathematics, and science with a cycle period of three years. The last NAS was conducted in 2017.
ii. The Survey 2021 saw participation of about 34 lakh students from 1.18 lakh schools in 720 districts from both rural and urban areas
iii. According to NAS 2021, the majority of the states performed below the overall national score, but states like Kerala, Rajasthan, Maharashtra and Punjab performed better than the national average.
- Which of the following points is ‘Incorrect’ with respect to the recent step taken by the Reserve Bank of India (RBI) in May 2022?
1) The RBI, in exercise of the powers conferred under Section 15 A of the RBI Act, 1938, has cancelled the Certificate of Registration (CoR) issued to the five NBFCs due to Irregular Lending Practices.
2) The 5 NBFC are Jhuria Financial Services Private Limited, Alexcy Tracon Pvt Ltd, Chadha Finance Private Limited, Anashri Finvest Limited and UMB Securities Limited.
3) Now with cancellation of CoR, these companies cannot transact the business of a Non-Banking Financial Institution (NBFI).
4) The RBI issued norms for physical import of gold through the India International Bullion Exchange IFSC (IIBX) or similar authorised exchange by qualified jewellers in India.
5) The RBI also revised the ceiling on loans to individuals for carrying out repairs/additions/alterations to their homes to Rs 10 lakh in metros from Rs 5 lakh.
Answer & Explanation
Answer-1) The RBI, in exercise of the powers conferred under Section 15 A of the RBI Act, 1938, has cancelled the Certificate of Registration (CoR) issued to the five NBFCs due to Irregular Lending Practices.
Explanation:
The RBI, in exercise of the powers conferred under Section 45-IA (6) (iv) of the RBI Act, 1934, has cancelled the Certificate of Registration (CoR) issued to the five NBFCs due to Irregular Lending Practices in their digital lending operations undertaken through third party apps.
The 5 NBFC are Jhuria Financial Services Private Limited, Alexcy Tracon Pvt Ltd, Chadha Finance Private Limited, Anashri Finvest Limited and UMB Securities Limited.
Now with cancellation of CoR, these companies cannot transact the business of a Non-Banking Financial Institution (NBFI), under clause (a) of Section 45-I of the RBI Act, 1934.
The RBI issued norms for physical import of gold through the India International Bullion Exchange IFSC (IIBX) or similar authorised exchange by qualified jewellers in India.
The RBI also revised the ceiling on loans to individuals for carrying out repairs/additions/alterations to their homes to Rs 10 lakh in metros from Rs 5 lakh; and Rs 6 lakh in rural and semi urban areas from Rs 2 lakh earlier.
- Which payment bank recently (in May’22) introduced issuer charges for the Aadhaar Enabled Payment System (AePS)?
1) Airtel Payment Bank
2) Paytm Payment Bank
3) NSDL Payment Bank
4) India Post Payments Bank
5) Fino Payments Bank
Answer & Explanation
Answer-4) India Post Payments Bank
Explanation:
The India Post Payments Bank (IPPB), Department of Post (DoP), Ministry of Communication has introduced issuer charges for the Aadhaar Enabled Payment System (AePS). AePS Issuer transaction charges will be in effect from June 15, 2022.
i. AePS is a bank-led model that enables online interoperable financial inclusion transactions at the Point of Sale (MicroATM) using Aadhaar verification through any bank’s business correspondent. AePS provides six different transaction types.
ii. The monthly first 3 cumulative AePS Issuer transactions, such as cash withdrawal, cash deposit, and mini statement, will be provided free of charge.
- Name the non-banking financial company (NBFC) that recently (in May ’22) collaborated with NPCI and Hindustan Petroleum Corporation Ltd. to launch a co-branded contactless RuPay Credit Card.
1) BOB Financial Solutions Ltd
2) Bajaj Finance Ltd
3) Mahindra & Mahindra Financial Services Ltd
4) Tata Capital Financial Services Ltd
5) Muthoot Finance Ltd
Answer & Explanation
Answer-1) BOB Financial Solutions Ltd
Explanation:
In collaboration with National Payments Corporation of India (NPCI), BOB Financial Solutions Limited (BFSL), Non-Banking Financial Company (NBFC) and BFSL is a wholly-owned subsidiary of Bank of Baroda (BoB), and Hindustan Petroleum Corporation Ltd. (HPCL), a Central Public Sector Enterprise (CPSE), has launched the HPCL BoB co-branded contactless RuPay Credit Card.
i. The card has a number of advantages, including rewards for utility, grocery, and department store purchases.
ii. Customers will be rewarded for spending at HPCL fuel pumps as well as on the HP Pay app using this card.
- Which organisation recently (in May’22) decided to open its regional office in India at the Gujarat International Finance Tec-City (GIFT City), Gujarat?
1) United Nations Conference on Trade and Development
2) World Bank African Development Bank
3) International Monetary Fund
4) New Development Bank
5) Asian Development Bank
Answer & Explanation
Answer- 4) New Development Bank
Explanation:
New Development Bank (NDB) formerly referred to as the BRICS (Brazil, Russia, India, China, and South Africa) Development Bank, is set to open its regional office in India at the Gujarat International Finance Tec-City (GIFT City), Gujarat, to offer infrastructure and sustainable development needs of India and Bangladesh, contributing to economic growth and sustainable development in South Asia.
i. Indian Regional Office(IRO), in coordination with NDB Headquarters(Shanghai).
- Name the personality who recently (in May’22) resigned as the President of the Indian Olympic Association (IOA).
1) Narayana Ramachandran
2) Suresh Kalmadi
3) Sivanthi Adithan
4) Narinder Dhruv Batra
5) Abhay Singh Chautala
Answer & Explanation
Answer-Narinder Dhruv Batra has stepped down as the President of the Indian Olympic Association (IOA), at the end of his tenure to focus on his role as the President of the International Hockey Federation (FIH).
i. Meanwhile, following the High Court’s order, Anil Khanna was named acting chief of the IOA (HC).
ii. In addition, Narinder Dhruv Batra has decided not to seek re-election to the IOA presidency. In 2017, Batra was elected to the IOA for the first time, and he was entitled to run for re-election.
Explanation: - Who was recently (in May ’22) appointed as the Managing Director (MD) and Chief Executive Officer (CEO) of Bharti Airtel Limited for a period of 5 years?
1) Sunil Bharti Mittal
2) Gopal Vittal
3) Akhil Gupta
4) Rajesh Sud
5) Rakesh Bharti Mittal
Answer & Explanation
Answer-2) Gopal Vittal
Explanation:
The board of directors of Bharti Airtel has reappointed Gopal Vittal as the Managing Director(MD) and Chief Executive Officer(CEO) of Bharti Airtel Limited, for a further period of 5 years till 31st January 2028.
i. The reappointment of Gopal Vittal was announced on a day on which Airtel consolidated net profit at Rs 2,007.8 crore in the March quarter, up 141% sequentially and 164% on year.
ii. He is not excluded from holding the office of director by virtue of any orders of Securities and Exchange Board of India (SEBI) or other authorities.
- The twin cyclones named ‘Cyclone Karim and Cyclone Asani’ originated in the Indian Ocean region in May 2022.
‘Cyclone Asani’ was given by which country?
1) Sri Lanka
2) India
3) Iran
4) Thailand
5) Saudi Arabia
Answer & Explanation
Answer-1) Sri Lanka
Explanation:
Explanation:
The twin cyclones named Cyclone Karim and Cyclone Asani originated in the Indian Ocean region, southern and northern hemispheres respectively. The cyclones originated in the same longitude and drifted apart and the distance between both cyclones was more than 2,800 km.
i. The name Karim was given by Seychelles (South Africa) and the name Asani was suggested by Sri Lanka.
ii. About Twin Cyclones: The interplay of the wind and the monsoon system combined with the Earth system produces synchronous cyclones and Twin cyclones are said to be caused by Madden-Julian Oscillation (MJO), composed of a Rossby wave and a Kelvin wave. MJO is a large cluster of clouds and convection, about 5000-10,000 kilometres in size.
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