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- Which country’s Directorate of Defense Research and Development (DDR&D) and Council of Scientific and Industrial Research (CSIR), India has recently (in May ‘23) signed a Multi-Sectoral MoU on Industrial Research and Development Cooperation?
1) United Arab Emirates
2) Indonesia
3) Australia
4) Israel
5) Germany
Answer & Explanation
Answer-4) Israel
Explanation:
On May 2, 203, Council of Scientific and Industrial Research (CSIR) under the Ministry of Science & Technology (MoST) and Directorate of Defense Research and Development (DDR&D), Ministry of Defense of the State of Israel, signed a Multi-Sectoral Memorandum of Understanding (MoU) on Industrial Research and Development Cooperation focusing on several key technology areas.
i. The key technology areas under this MoU include Aerospace, Electronics Instrumentation, Civil, Infrastructure & Engineering, Ecology, Environment, Earth & Ocean Sciences and Water, Mining, Minerals, Metals & Materials, Chemicals and Petrochemicals, Energy (Conventional & Non-Conventional) and Energy Devices, Agri, Nutrition & Biotech and Healthcare.
- Name the Department of Ministry of Finance that has recently (in May ‘23) launched the scheme, ‘Vivad se Vishwas I – Relief to MSMEs’ for providing relief to Micro, Small and Medium Enterprises (MSMEs) for COVID-19 period.
1) Department of Revenue
2) Department of Financial Services
3) Department of Economic Affairs
4) Department of Investment and Public Asset Management
5) Department of Expenditure
Answer & Explanation
Answer-5) Department of Expenditure
Explanation:
On May 2, 2023, The Department of Expenditure (DoE), Ministry of Finance, has launched the scheme, ‘Vivad se Vishwas I – Relief to MSMEs’ for providing relief to Micro, Small and Medium Enterprises (MSMEs) for COVID-19 period.
• It was launched on the lines of the Union Budget FY24 announcement by the Union Minister Nirmala Sitharaman, Ministry of Finance.
• The scheme commenced from April 17, 2023 and the last date for submission of claims is June 30, 2023.
i. Under the scheme, Ministries have been asked to refund performance security, bid security and liquidated damages deducted during the COVID-19 pandemic.
- Which organisation has recently (in May ‘23) collaborated with the NITI (National Institute for Transforming India) Aayog to release the ‘Best Practices in Social Sector: A Compendium, 2023’?
1) United Nations Environment Programme
2) World Health Organization
3) United Nations Development Programme
4) United Nations Human Settlement Programme
5) Food and Agriculture Organization
Answer & Explanation
Answer-3) United Nations Development Programme
Explanation:
On May 1, 2023, the NITI Aayog (National Institute for Transforming India) in collaboration with the United Nations Development Programme (UNDP) released the ‘Best Practices in Social Sector: A Compendium, 2023’ which features 75 case studies which truly highlight the theme ‘Achievement@75’ at the grassroot levels.
• The compendium was also framed to commemorate 75 years of India’s independence.
• The case studies have been sourced from the 28 States and 8 Union Territories (UTs) and over 30 Ministries and Departments of the Government of India.
• The compendium is a compilation of innovations in policymaking at national and state levels in 14 key social sectors such as health, education, agriculture, information technology (IT), the environment, etc.
- As per the 21st edition of the World Press Freedom Index (WPFI) released by the Reporters Without Borders in May 2023, India secured ________rank out of 180 countries in terms of press freedom, while _________ (country) ranked 1st for the 7th consecutive year.
1) 161; Denmark
2) 150; Ireland
3) 161; Norway
4) 150; Denmark
5) 171; Norway
Answer & Explanation
Answer-3) 161; Norway
Explanation:
On 3rd May 2023, the 21st edition of the World Press Freedom Index (WPFI) was released by Reporters Without Borders (RSF – Reporters sans frontières), India’s ranking slipped 11 positions from 2022, when it ranked 150, to 161st Rank out of 180 countries in terms of press freedom.
i. In terms of press freedom, Norway is ranked 1st for the seventh consecutive year, followed by Ireland (2nd) and Denmark (3rd).
ii. The last 3 places are occupied solely by Asian countries: Vietnam (178th), China (179th), and North Korea (180th).
- Name the Payments Bank that has recently (in May ‘23) collaborated with the National Payments Corporation of India (NPCI) to roll out Face Authentication for AePS (Aadhaar-enabled Payment System).
1) India Post Payments Bank
2) Fino Payments Bank
3) Jio Payments Bank
4) Paytm Payments Bank
5) Airtel Payments Bank
Answer & Explanation
Answer-5) Airtel Payments Bank
Explanation:
Airtel Payments Bank collaborated with the National Payments Corporation of India (NPCI) to roll out Face Authentication for AePS (Aadhaar-enabled Payment System) at its 5 lakh banking points to drive financial and digital inclusion.
i. Through this launch, Airtel Payments Bank became one of the first four banks to offer face authentication for AePS in India.
ii. Prevailing authentication: So far, transactions were being authenticated using the customer’s Aadhaar number and fingerprint or iris match in the UIDAI (Unique Identification Authority of India) records.
- Name the Indian company that has recently (in May ‘23) signed a binding term sheet with Sri Lanka based Dialog Axiata PLC for the Merger of their Sri Lankan Subsidiaries.
1) Reliance Jio Infocomm Limited
2) Bharat Sanchar Nigam Limited
3) Vodafone Idea
4) Bharti Airtel Limited
5) Mahanagar Telephone Nigam Limited
Answer & Explanation
Answer-4) Bharti Airtel Limited
Explanation:
Bharti Airtel Limited (Airtel), an Indian multinational telecommunications services company, and Dialog Axiata PLC, Sri Lanka’s largest telecommunications service provider, signed a binding term sheet for the merger of their Sri Lankan subsidiaries.
i. The binding is to combine the operations of Bharti Airtel Lanka (Private) Limited, Airtel’s wholly-owned subsidiary, with Dialog, a subsidiary of Malaysian multinational telecommunications conglomerate Axiata Group Berhad.
• The new entity is set to become the largest telecom provider in Sri Lanka.
- Which Small Finance Bank (SFB) has recently (in May ‘23) entered into a strategic partnership with the Dvara SmartGold Private Limited to offer gold loans?
1) ESAF SFB
2) Jana SFB
3) Capital SFB
4) Ujjivan SFB
5) Utkarsh SFB
Answer & Explanation
Answer-2) Jana SFB
Explanation:
Mumbai (Maharashtra)-based Dvara SmartGold Private Limited, a fintech and a portfolio company of Dvara Holdings (formerly Dvara Trust), has entered into a strategic partnership with Bengaluru (Karnataka)-based Jana Small Finance Bank (SFB) to offer gold loans to its customers in Tamil Nadu, Chhattisgarh, and Maharashtra.
i. Under this partnership, Dvara SmartGold will provide gold loans to its customers with Jana SFB as the lending provider.
ii. Customers of Dvara SmartGold will have the option to apply for gold loans through the platform and get money into their bank accounts.
- Which company has recently (in May ‘23) acquired a 51% stake in Trillion Loans Fintech Private Limited?
1) Razorpay Software Private Limited
2) PhonePe
3) CRED
4) BharatPe
5) Freecharge
Answer & Explanation
Answer-4) BharatPe
Explanation:
BharatPe, a fintech in the payment space, has acquired a 51% stake in Mumbai (Maharashtra)-based Trillion Loans Fintech Private Limited, a non-banking financial company (NBFC).
i. Trillion Loans sells a range of secured and unsecured loans to small businesses and credit products such as auto, gold, and education loans to retail customers.
ii. Following the acquisition, Trillion Loans will operate as an independent entity with a separate team under the supervision of the board.
- Who has recently (in May ‘23) won the Formula One (F1) 2023 Azerbaijan Grand Prix title held in Baku?
1) Sergio Perez
2) Charles Leclerc
3) Max Verstappen
4) Fernando Alonso
5) Carlos Sainz
Answer & Explanation
Answer-1) Sergio Perez
Explanation:
On 30th April 2023, Red Bull’s Sergio Perez (Mexican racing driver) won the Azerbaijan Grand Prix (GP) Title at the Formula One (F1) 2023 Azerbaijan Grand Prix held from 28th to 30th April 2023 at the Baku City Circuit in Baku, Azerbaijan.
i. Red Bull’s Max Verstappen, the Dutch-Belgian driver, secured 2nd position on the podium and Ferrari’s Charles Leclerc, a Monacan driver secured 3rd position.
ii. Sergio Perez became the 1st-ever repeat winner of the Azerbaijan Grand Prix. His 1st Azerbaijan Grand Prix victory was at the 2021 Azerbaijan Grand Prix.
- When was the United Nations (UN) World Press Freedom Day 2023 observed across the globe with the theme of “Shaping a Future of Rights: Freedom of Expression as a Driver for all other human rights”?
1) 29th April 2023
2) 2nd May 2023
3) 30th April 2023
4) 3rd May 2023
5) 1st May 2023
Answer & Explanation
Answer-4) 3rd May 2023
Explanation:
United Nations (UN)’s World Press Freedom Day is annually observed across the globe on May 3 to raise awareness about the importance of a free and independent press.
i. 3rd May 2023 marks the 30th anniversary of World Press Freedom Day with the theme of “Shaping a Future of Rights: Freedom of Expression as a Driver for all other human rights”.
ii. The date May 3 was chosen to commemorate the Declaration of Windhoek, a statement of press freedom principles put forth by African journalists, in 1991 in Windhoek, Namibia
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