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- Which bank recently (in Oct ‘22) adopted 30 remote villages across 6 states under its Gram Seva Program?
1) Bank of India
2) Bank of Baroda
3) Union Bank of India
4) State Bank of India
5) Punjab National Bank
Answer & Explanation
Answer-4) State Bank of India
Explanation:
The State Bank of India (SBI) adopted 30 remote villages across the aspirational districts of 6 Indian states of Haryana, Gujarat, Maharashtra, Punjab, Tamil Nadu (TN), and West Bengal (WB).
i. This adoption was made under the 4th phase of the ‘SBI Gram Seva’ program.
ii. With this, the program’s outreach will expand to a total of 130 villages, of which 75 villages are from aspirational districts notified by the NITI (National Institution for Transforming India) Aayog.
iii. SBI Gram Seva, a flagship scheme of SBI Foundation, was launched under the Corporate Social Responsibility (CSR) of the bank in 2017.
• As of now, the program has adopted 100 villages across 16 States in 3 phases, and already completed 5 years.
• 16 out of the total 17 SBI Circles of the country come under the ambit of the scheme. - Name the Life Insurance Company that was recently (in Oct ‘22) launched the ‘Insure India’ campaign.
1) HDFC Life Insurance
2) Exide Life Insurance
3) Bajaj Allianz Life Insurance
4) Canara HSBC Life Insurance
5) Edelweiss Tokio Life Insurance
Answer & Explanation
Answer-1) HDFC Life Insurance
Explanation:
HDFC Life Insurance Company Limited (HDFC Life) has launched the ‘Insure India’ campaign that is aimed at educating Indians on the benefits of life insurance as a product category.
i. The objective of this campaign is to educate Indians about life insurance and motivate them to secure their future with the Insure India financial product that offers the dual benefits of protection and long-term savings.
Note – Currently, the insurance penetration in India is around 3 percent.
About HDFC Life Insurance Company Limited (HDFC Life):
MD & CEO – Vibha Padalkar
Establishment – 2000
Headquarters – Mumbai, Maharashtra - In October 2022, JSW Cement Ltd. raised __________ as its first sustainability-linked loan from MUFG Bank India Ltd.
1) Rs. 200 crores
2) Rs. 400 crores
3) Rs. 100 crores
4) Rs. 300 crores
5) Rs. 500 crores
Answer & Explanation
Answer-2) Rs. 400 crore
Explanation:
JSW Cement Ltd. raised Rs. 400 crores (USD 50 million) from MUFG Bank India Ltd. as its first sustainability-linked loan.
i. It is also MUFG Bank India’s first transaction undertaken out of its new IFSC unit branch launched in August 2022 in the Gujarat International Finance Tec-City (GIFT City), Gandhinagar, Gujarat.
ii. The capital amount will enable the cement company to achieve 25 million tonne per annum (MTPA) capacity by FY25. - As per the United Nations Conference on Trade and Development (UNCTAD) report released in October 2022, India’s Gross Domestic Product (GDP) forecast was declined to _________ in 2022 from 8.2% in 2021.
1) 3.5%
2) 4.9%
3) 6.2%
4) 7.6%
5) 5.7%
Answer & Explanation
Answer-5) 5.7%
Explanation:
The United Nations Conference on Trade and Development (UNCTAD) has released its ‘Trade and Development Report 2022- Development prospects in a fractured world: Global disorder and regional responses’ which stated a decline in India’s Gross Domestic Product (GDP) forecast to 5.7% in 2022 as compared to 8.2% in 2021.
i. India’s growth will further drop to 4.7% in 2023.
ii. UNCTAD projected world economic growth to slow to 2.5% in 2022 and drop to 2.2% in 2023. - Anish Dayal Singh was recently (in Oct ‘22) appointed as the 32nd Director General (DG) of which organisation?
1) Border Security Force
2) Assam Rifles
3) Indo-Tibetan Border Police
4) Central Reserve Police Force
5) Central Industrial Security Force
Answer & Explanation
Answer-3) Indo-Tibetan Border Police
Explanation:
Anish Dayal Singh, IPS (Indian Police Service) officer of 1988 batch, Manipur cadre, was appointed as the 32nd Director General (DG) of the Indo-Tibetan Border Police (ITBP) till December 2024.
i. He succeeded S L Thaosen who was holding the additional charge of the force.
ii. The approval was given by the Appointments Committee of the Cabinet (ACC) headed by the Prime Minister (PM). - In October 2022, the Life Insurance Corporation of India (LIC) increased its stake in Dr Reddy’s Laboratories Ltd (DRL) to _______ from 5.65%.
1) 7.2%
2) 6.1%
3) 5.9%
4) 7.7%
5) 6.3%
Answer & Explanation
Answer-4) 7.7%
Explanation:
Life Insurance Corporation of India (LIC) elevated its stake to 7.7% from 5.65% in Dr Reddy’s Laboratories Ltd (DRL).
i. Between June 15, 2022 and September 30, 2022 LIC purchased 33,86,486 shares of DRL, aggregating 2.034% stake from the open market.
ii. Dr. Reddy’s Laboratories is a Hyderabad, Telangana based Indian multinational pharmaceutical company. - In October 2022, the Indian Space Research Organisation (ISRO) confirmed that the Mars Orbiter Mission (MOM) or Mangalyaan mission, has come to an end after _________ service in Orbit.
1) 4 years
2) 7 years
3) 5 years
4) 8 years
5) 6 years
Answer & Explanation
Answer-4) 8 years
Explanation:
The Indian Space Research Organisation (ISRO) confirmed that the Mars Orbiter Mission (MOM), commonly referred as Mangalyaan mission, has come to an end as it has lost communication with the ground station due to a long eclipse that happened in April 2022 and it is non-recoverable.
i. It has been designed to work for a life-span of 6 months as a technology demonstrator, despite in 2022, MOM has completed 8 years of its work, since its inception.
ii. India’s first indigenously built interplanetary mission was launched by ISRO to study the Martian surface and atmosphere in 5th November 2013, after successfully completing 300 days of its interplanetary journey the space probe was inserted into the Martian orbit on 24th September 2014. - The _______ Wildlife Week in India 2022 was observed across India on 2nd – 8th October 2022.
1) 62nd
2) 61st
3) 68th
4) 63rd
5) 65th
Answer & Explanation
Answer-3) 68th
Explanation:
The 68th Wildlife Week in India 2022 was observed across India from 2nd – 8th October 2022 to promote the conservation and protection of animal and plant life.
i. The first Wildlife Week was commemorated in 1957.
ii. The Forests and Protection of Wild Animals and Birds was transferred from State to Concurrent List through the 42nd Amendment Act, 1976. - What is the theme of United Nations (UN)’s World Space Week (WSW) 2022 that was observed across the globe on 4th to 10th October 2022?
1) The Moon: Gateway to the Stars
2) Space and Sustainability
3) Women in Space
4) Satellites Improve Life
5) Space Supporting the Sustainable Development Goals.
Answer & Explanation
Answer-2) Space and Sustainability
Explanation:
The United Nations (UN)’s World Space Week (WSW) 2022 was observed across the globe from 4th to 10th October 2022 with the theme of “Space and Sustainability”.
i. The day is observed to celebrate the contributions of space science and technology to the betterment of the human condition.
ii. The 1st ever World Space Week was observed from 4th to 10th October 2000.
iii. 4th October marks the date on which the 1st human-made Earth satellite, Sputnik 1 was launched in 1957. - Which state recently (in Oct ‘22) launched ‘Satya Nishtha’ app to help investigate and control criminal activities?
1) Himachal Pradesh
2) Madhya Pradesh
3) Gujarat
4) Maharashtra
5) Karnataka
Answer & Explanation
Answer-1) Himachal Pradesh
Explanation:
Jai Ram Thakur, Chief Minister of Himachal Pradesh has launched ‘Satya Nishtha’, a mobile application in Dharamshala, Himachal Pradesh.
i. The ‘Satya Nishtha’ app is the 1st of its kind in Himachal Pradesh and is exclusively created for crime control.
ii. The App was developed by Kangra police under the guidance of Kushal Sharma, Kangra Superintendent of Police to help investigate and control criminal activities.
iii. The ‘Satya Nishtha’ app has been brought out at a cost of Rs 3.70 lakh.
- Which bank recently (in Oct ‘22) adopted 30 remote villages across 6 states under its Gram Seva Program?
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