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- The 3rd Employment Working Group (EWG) meeting under the G20 Indian Presidency was held in ___________ from 31st May to 2nd June, 2023.
1) Geneva, Switzerland
2) Vienna, Austria
3) Paris, France
4) London, United Kingdom
5) Rome, Italy
Answer & Explanation
Answer-1) Geneva, Switzerland
Explanation:
The 3rd Employment Working Group (EWG) meeting under the G20 (Group of Twenty) Indian Presidency was successfully held from May 31st to June 2nd, 2023, at the International Labour Organization (ILO) headquarters in Geneva, Switzerland.
• It was chaired by Ms. Arti Ahuja, G20 EWG Chair, and Secretary, Labour and Employment.
i. Delegates representing 78 G20 Members countries, 09 guest countries, and 04 International Organizations attended the meeting.
ii. The members reached a broad agreement on the draft Ministerial Communique and Outcome documents related to the three G20 EWG’s priority areas.
Note- The 2nd EWG meeting was held at Guwahati, Assam.
- Name the exercise that was recently (in May ‘23) conducted by the South Western (Sapta Shakti) Command of the Indian Army (IA) in the western borders in Rajasthan and Punjab.
1) Garuda Shakti 2023
2) Kripan Shakti 2023
3) Samudra Shakti 2023
4) Mitra Shakti 2023
5) Sudarshan Shakti 2023
Answer & Explanation
Answer-5) Sudarshan Shakti 2023
Explanation:
South Western (Sapta Shakti) Command of the Indian Army (IA) conducted a 4-day exercise “Sudarshan Shakti 2023” from 22nd to 25th May 2023 along the Western borders in Rajasthan and Punjab.
i. Exercise ‘Sudarshan Shakti 2023’, was designed to validate operational preparedness of the Indian Army in a network-centric environment.
ii. The joint war exercise included the participation of various units from the Indian Army and other defence forces to test their readiness and capability in dealing with different scenarios.
iii. C-130J Super Hercules, C-17 Globemaster and AN-32 aircraft were used to insert troops and specialised equipment into designated areas in the obstacle-ridden terrain with clinical precision.
- The Times Higher Education (THE) Impact Rankings 2023 released in June 2023. ___________ has emerged as the top Indian university and ranked 52 globally, while Western Sydney University in Australia has topped the overall ranking for the ________ year in a row.
1) Kalinga Institute of Industrial Technology (KIIT) University; 2nd
2) Amrita University; 4th
3) Lovely Professional University; 3rd
4) Amrita University; 2nd
5) Lovely Professional University; 4th
Answer & Explanation
Answer-4) Amrita University; 2nd
Explanation:
Amrita Vishwa Vidyapeetham (Amrita University), Coimbatore, Tamil Nadu, has emerged as the top Indian university on the Times Higher Education (THE) Impact Rankings 2023. 2023 Impact Rankings is the 5th edition of THE Impact ranking.
i. Globally, Amrita University is ranked 52 among the 1,591 universities from 112 countries.
ii. Western Sydney University in Australia has topped the overall ranking for the second year in a row followed by the University of Manchester, in the United Kingdom (UK) and Queen’s University in Canada.
- Which of the following points is “Incorrect” with respect to the guidelines issued by Securities and Exchange Board of India (SEBI) in June 2023?
A) The Securities and Exchange Board of India (SEBI) issued guidelines for transactions in Corporate Bonds (CBs) through the Request for Quote (RFQ) platform by stock brokers (SBs).
B) SEBI has asked SBs to undertake at least 20% of their total secondary market trades by value in CBs in that month by placing/seeking quotes through one-to-one (OTO) mode on the RFQ platform of stock exchanges.
C) The value would be increased by 25% of their total secondary market trades from April 1, 2024, onwards.
1) Only A
2) Only B
3) Only C
4) Only A & B
5) Only B & C
Answer & Explanation
Answer-2) Only B
Explanation:
On June 2, 2023, the Securities and Exchange Board of India (SEBI) issued guidelines for transactions in Corporate Bonds (CBs) through the Request for Quote (RFQ) platform by stock brokers (SBs) in order to increase liquidity on the platform and to enhance the transparency and disclosure pertaining to trading in the secondary market in corporate bonds.
i. SEBI has asked SBs to undertake at least 10% of their total secondary market trades by value in CBs in that month by placing/seeking quotes through one-to-one (OTO) or one-to-many (OTM) mode on the RFQ platform of stock exchanges.
• The instruction would be applicable for all the trades in a proprietary capacity with effect from July 01, 2023.
ii. The value would be increased by 25% of their total secondary market trades from April 1, 2024, onwards.
- In June 2023, the Insurance Regulatory and Development Authority of India (IRDAI) identified ______________ (Insurance Company) as the acquirer–insurer of the business of Sahara India Life Insurance Co. (SILIC).
1) Exide Life Insurance
2) HDFC Life Insurance
3) Max Life Insurance
4) SBI Life Insurance
5) Bajaj Allianz life Insurance
Answer & Explanation
Answer-4) SBI Life Insurance
Explanation:
On June 2, 2023, The Insurance Regulatory and Development Authority of India (IRDAI) identified SBI Life Insurance Company Limited (SBI Life) as the acquirer–insurer of the business of Sahara India Life Insurance Co. (SILIC).
i. In this regard, SBI Life shall take over the policy liabilities of around two lakh policies of SILIC, backed by the policyholders’ assets, with immediate effect.
Note: This decision has been taken by IRDAI in exercise of its powers under sub-section (2) of Section 52B of the Insurance Act, 1938.
- Name the bank that has recently (in June ‘23) introduced a new fixed deposit scheme ‘ACE Fixed Deposit scheme’ with an interest rate of up to 8.50%.
1) Axis Bank
2) YES Bank
3) HDFC Bank
4) ICICI Bank
5) RBL bank
Answer & Explanation
Answer-5) RBL bank
Explanation:
RBL bank Ltd introduced a new fixed deposit scheme named ‘ACE Fixed Deposit scheme’ with an interest of up to 8.50% to provide better saving options for its customers.
• Term – The Fixed Deposit (FD) scheme is available for terms ranging from 12 months to 20 years, and the customers will have additional alternatives for banks and prizes under the new plan.
• The minimum deposit value of the FD scheme is Rs 50 lakh and maximum deposit value is Rs 2 crore.
• Eligibility – The scheme is available to both resident and non-resident Indians.
i. RBL Bank has also revised its fixed deposit interest rates effective from June 1, 2023 and it offers an interest rate between 3.50% to 7.80% for regular citizens for deposits below Rs 2 crore.
- Which company has recently (in June ‘23) launched India’s first-ever mobile-based expense management card namely ‘Card++’?
1) BharatPe
2) EnKash
3) Karbon Card
4) GoCardless
5) Udaan
Answer & Explanation
Answer-3) Karbon Card
Explanation:
Karbon Card, a B2B (Business to Business) payment solution provider, launched India’s first-ever mobile-based expense management card namely ‘Card++’.
i. Based on the mobile-first approach, it will address the challenges faced by startups and Small and Midsize Business (SMB) by providing reliable and accessible expense solutions, thus, reducing disruptions caused by the use of multiple payment instruments by SMBs.
- Name the company that has recently (in June ‘23) signed an MoU with the Gujarat government to establish India’s 1st Lithium-ion Cell Manufacturing Gigafactory in Gujarat.
1) Exide Industries Limited
2) Mahindra Electric Mobility Limited
3) LG Energy Solution Limited
4) Tata Agaratas Energy Storage Solutions Private Limited
5) Reliance Industries Limited
Answer & Explanation
Answer-4) Tata Agaratas Energy Storage Solutions Private Limited
Explanation:
On 2nd June 2023, Tata Agaratas Energy Storage Solutions Private Limited, a subsidiary of Tata Group, signed a memorandum of understanding (MoU) with the Gujarat government to establish a lithium-ion cell manufacturing giga factory in Sanand region, Gujarat.
• This giga-factory in Gujarat will produce the 1st ever lithium-ion cells in India. The plant is expected to start in less than 3 years.
i. The MoU was signed under the New Gujarat Electronics Policy 2022-2028, made under the guidance of Chief Minister (CM) Bhupendra Patel.
ii. This plant will have an estimated initial investment of around Rs.13,000 crore and will have a production capacity of 20 Gigawatt hours (GWh).
- Princess Mele Siu’ilikutapu Kalaniuvalu Fotofili of ____________ (country), passed away in May 2023.
1) Palau
2) Tonga
3) Vanuatu
4) Tuvalu
5) Fiji
Answer & Explanation
Answer-2) Tonga
Explanation:
On 28 May 2023, Princess Mele Siu’ilikutapu Kalaniuvalu Fotofili of Tonga, a member of the Tongan Royal family and a politician, passed away in Auckland, New Zealand at the age of 75. She was born on 12th May 1948 in Tonga, a Polynesian country.
• She will be buried in Tonga at the Mala’e Kula Royal Tombs.
i. She was the eldest daughter of Prince Fatafehi Tuipelehake and Melenaite Tupoumoheofo Veikune and the eldest granddaughter of Her Majesty, the late Queen Salote.
ii. She served as the 1st elected female parliamentarian in Tonga from 1975 to 1977.
- When was United Nations (UN) World Bicycle Day 2023 observed across the globe?
1) 3rd June 2023
2) 31st May 2023
3) 2nd June 2023
4) 30th May 2023
5) 1st June 2023
Answer & Explanation
Answer-1) 3rd June 2023
Explanation:
The United Nations (UN) World Bicycle Day 2023 was observed on 3rd June 2023 across the world to promote the benefits of cycling and raise awareness about the social, economic importance of bicycles, which contributes to a cleaner Environment.
i. The day also celebrates the bicycle as a simple, affordable, reliable, clean, healthy, environmentally friendly and sustainable means of transport.
ii. The idea for World Bicycle Day was first proposed by Professor Leszek Sibilski, a Polish-American social scientist working in the United States of America (USA).
iii. The first UN designated World Bicycle Day was observed on 3rd June 2018.
- The 3rd Employment Working Group (EWG) meeting under the G20 Indian Presidency was held in ___________ from 31st May to 2nd June, 2023.
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