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- In March 2023, the Pension Fund Regulatory and Development Authority (PFRDA) amended the PFRDA (Redressal of Subscriber Grievance) Regulations 2015 & increased the upper age limit of the Ombudsman from 65 to __________ years.
1) 68
2) 75
3) 67
4) 80
5) 70Answer-5) 70
Explanation:
According to the notification dated 27th March 2023, the Pension Fund Regulatory and Development Authority (PFRDA) has amended the PFRDA (Redressal of Subscriber Grievance) Regulations 2015 and increased the upper age limit of the Ombudsman from 65 to 70 years.
i. The amended regulations are called the “Pension Fund Regulatory and Development Authority (Redressal of Subscriber Grievance) (Amendment) Regulations, 2023”.
ii. The amended rules come into force on the date of the publication of the official gazette. - Which state’s ‘Gandhamardan Hill’ was recently (in March ‘23) declared as India’s 37th biodiversity heritage site?
1) Odisha
2) West Bengal
3) Gujarat
4) Jharkhand
5) MaharashtraAnswer-1) Odisha
Explanation:
The Forest, Environment and Climate Change Department, Government of Odisha has issued a notification declaring the Gandhamardan Hill Range in Bargarh and Balangir district as a Biodiversity Heritage Site (BHS).
• This is the 3rd BHS of Odisha after Mandasuru Gorge, Kandhamal district in 2019 and Mahendragiri Hill Range ,Gajapati district in 2022.
i. Gandhamardan Hills has become the 37th biodiversity heritage site of India.
ii. The designation was made in accordance with Rule 20(2) of the 2012 Odisha Biodiversity Regulations and Section 37 of the Biodiversity Act. - In March 2023, the Central Board of Direct Taxes (CBDT) extended the deadline to link Permanent Account Number (PAN) with Aadhaar from 31st March 2023 to __________.
1) 31st July 2023
2) 30th September 2023
3) 30th June 2023
4) 31st August 2023
5) 30th November 2023Answer-3) 30th June 2023
Explanation:
On 28th March 2023, the Ministry of Finance (MoF) informed that the Central Board of Direct Taxes (CBDT) has extended the deadline to link Permanent Account Number (PAN) with Aadhaar from 31st March 2023 to 30th June 2023.
i. According to Sub-section (2) of section 139AA to Income-tax Act 1961, it is mandatory for every person who has been allotted a PAN as of 1st July 2017 to intimate his Aadhaar Number so that the Aadhaar and PAN can be linked.
ii. According to the MoF, as of 28th March 2023, more than 51 crore PANs have already been linked with Aadhaar. - Along with IL-78 midair refueller aircraft, which of the following Indian Air Force’s aircraft/ fighters were recently (in March ‘23) participated in the Exercise Cobra Warrior – 23, for the first time in the United Kingdom?
1) Mirage 2000 fighters
2) C-17 Globemaster III aircraft
3) Lockheed AC-130 fighters
4) Both 1 & 2
5) Both 2 & 3Answer-4) Both 1 & 2
Explanation:
Indian Air Force(IAF) participated in “Exercise Cobra Warrior – 23”, which was conducted at the Waddington Air Force Base of the Royal Air Force (RAF) in the United Kingdom (UK) from March 6–24, 2023.
• Along with India, Finland and Saudi Arabia joined the Exercise Cobra Warrior for the first time.
• The RAF of the UK hosts the largest multilateral air exercise, Exercise Cobra Warrior, twice a year.
Participants: RAF and the IAF, as well as air forces from Finland, Sweden, South Africa, Saudi Arabia, Belgium, the United States of America (USA), and Singapore.
i. An Indian Air Force (IAF) contingent of 145 Air Warriors took part in the exercise with five Mirage 2000 fighters, two C-17 Globemaster III aircraft, and an IL-78 midair refueller aircraft. - Which country has recently (in March ‘23) committed Rs 7,084.5 crore to India for infrastructure projects in Patna (Bihar), West Bengal, and Rajasthan?
1) France
2) Japan
3) Singapore
4) Germany
5) United Arab EmiratesAnswer-2) Japan
Explanation:
On March 28, 2023, Japan committed Rs 7,084.5 crore to India for three infrastructure projects viz. one each in Patna (Bihar), West Bengal, and Rajasthan. Notes in this regard were exchanged between Rajat Kumar Mishra, Additional Secretary, Department of Economic Affairs (DEA), Ministry of Finance and Suzuki Hiroshi, Japan Ambassador to India.
i. Japan will provide JPY (Japanese Yen) 98.612 billion (about Rs 5,509 crore) for Patna Metro Rail Construction Project (I)
ii. It will fund JPY 18.894 billion (about Rs 1,055.53 crore) for Rajasthan Water Sector Livelihood Improvement Project (II)
iii. It will fund JPY 9.308 billion (about Rs 520 crore) Forest and Biodiversity Conservation for Climate Change Response in WB. - In March 2023, National Payments Corporation of India (NPCI) announced that the Unified Payments Interface (UPI) transactions of above Rs 2000 made using Prepaid Payment Instruments (PPIs) will attract an interchange fee from 0.5% to___________.
1) 2.0%
2) 2.5%
3) 1.1%
4) 2.8%
5) 1.5%Answer-3) 1.1%
Explanation:
On 24th March 2023, the National Payments Corporation of India (NPCI) announced that the Unified Payments Interface (UPI) transactions of above Rs 2000 made using Prepaid Payment Instruments (PPIs) such as wallets or cards will attract an interchange fee ranging from 0.5% to 1.1%.
• The changes will come into effect from 1st April 2023.
i. The lowest interchange fee of 0.5% would be applied to fuel payments. 0.7% would be applied for transactions above Rs2,000 related to telecom, utilities, post office, education, and agriculture. 0.9% and 1% for UPI transactions at supermarkets and for mutual funds, government, insurance and railways, respectively. - As per the data presented in the Rajya Sabha as a written answer by the Union Minister of Finance Nirmala Sitharaman, the Public sector banks (PSBs) have written off around Rs______________in first 9 months of FY23.
1) 71,000 crore
2) 80,000 crore
3) 85,000 crore
4) 91,000 crore
5) 79,000 croreAnswer-4) 91,000 crore
Explanation:
According to data presented in the Rajya Sabha as a written answer by the Union Minister Nirmala Sitharaman, Ministry of Finance, Public sector banks (PSBs) have written off around Rs 91,000 crore in the first 9 months of FY23.
• In bank-wise details of the written-off amounts, State Bank of India(SBI) is on the top (Rs 17,356 crore) followed by Union Bank of India(UBI) (Rs 16,497 crore) and Bank of Baroda(BoB) (Rs 13,032 crore).
i. All the scheduled commercial banks (PSBs, private banks and foreign banks) wrote-off around Rs 1.61-lakh crore worth of loan in FY18. Recovery from written off accounts was less than Rs 13,000 crore or around 8% of bad debts taken off from the book in FY18 - Name the personality who was recently (in March ‘23) awarded Abel Prize 2023 for Mathematics.
1) Luis Angel Caffarelli
2) Lawrence C. Evans
3) Dennis Sullivan
4) Luigi Ambrosio
5) Ovidiu SavinAnswer-1) Luis Angel Caffarelli
Explanation:
On 22nd March 2023, the Abel Prize 2023 for Mathematics was awarded to Luis Angel Caffarelli, an Argentine-American mathematician and an expert in “partial differential equations” which can explain phenomena ranging from how water flows to population growth, at the University of Oslo, Norway.
• Luis A Caffarelli is the 26th Abel Prize Laureate and he is the 1st Latin American mathematician to receive the award. - Who was recently (in March ‘23) appointed as the Chairman and Managing Director (CMD) of Cotton Corporation of India (CCI)?
1) Vijay Kuradagi
2) Rajendra Kumar Gupta
3) Sanjay Kumar Panigrahi
4) Hemantkumar Ratilal Patel
5) Lalit Kumar GuptaAnswer-5) Lalit Kumar Gupta
Explanation:
The Appointments Committee of the Cabinet (ACC) chaired by Prime Minister (PM)Narendra Modi, has approved the appointment of Lalit Kumar Gupta as Chairman and Managing Director (CMD) of Mumbai(Maharashtra)-based Cotton Corporation of India (CCI) with effect from the date of his assumption of charge of the post for a period of 5 years, or till the date of his superannuation, or until further orders, whichever is the earlier. - Which organisation of Ministry of Electronics and Information Technology (MeitY) has recently (in March ‘23) developed application “Maaptol Grievance” to facilitate registration & redressal of consumer grievances?
1) Centre for Development of Advanced Computing
2) Digital India Corporation
3) National Informatics Centre
4) Controller of Certifying Authorities
5) National Internet Exchange of IndiaAnswer-3) National Informatics Centre
Explanation:
The National Informatics Centre (NIC), under the Ministry of Electronics and Information Technology (MeitY), has developed a mobile software application called “Maaptol Grievance” to facilitate online registration and time-bound redress of consumer grievances connected to the Legal Metrology Act and rules framed under it.
• The Weights and Measurements Department, Government of National Capital Territory of Delhi (GNCTD), provided the contents that were published on this application.
• The application mainly provides eGovernance Services delivery and intends to provide better citizen services by the government.
i. Any consumer can use this software application to file a complaint with the government’s Weights & Measures Department.
- In March 2023, the Pension Fund Regulatory and Development Authority (PFRDA) amended the PFRDA (Redressal of Subscriber Grievance) Regulations 2015 & increased the upper age limit of the Ombudsman from 65 to __________ years.
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