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- Which of the following points are ‘Incorrect’ with respect to the 3rd edition of the States’ Startup Ranking 2021 report released in July 2022?
A) The Ministry of Commerce and Industry announced the result of the 3rd edition of the States’ Startup Ranking 2021.
B) Uttar Pradesh and Karnataka emerged as the Best Performer States in Category A and Mizoram in Category B.
C) Kerala, Maharashtra, Odisha and Telangana emerged as the Top performers in Category A.
1) Only A
2) Only B
3) Only C
4) Only A & B
5) Only B & CAnswer-2) Only B
Explanation:
The result of the 3rd edition of the States’ Startup Ranking 2021 was announced by the Union Minister Piyush Goyal, Ministry of Commerce and Industry (MoCI) during an event held at The Ashok, New Delhi (Delhi) and organized by the Department for Promotion of Industry and Internal Trade (DPIIT), MoCI.
i. The Best Performer States are Gujarat and Karnataka in Category A, and Meghalaya in Category B. Gujarat has been judged as the Best Performer State for the third time in a row
ii. Top performers in Category A are Kerala, Maharashtra, Odisha, Telangana and Jammu & Kashmir in Category B.
iii. India has become the 3rd largest start-up ecosystem in the world after the United States and China, with 70,809 startups recognized by the government, and over 100 unicorns. - Name the Institute that was recently (in July’22) signed an MoU with the Greenko Group to launch ‘India’s first dedicated School’ for Sustainable Science and Technology.
1) IIT Madras
2) IIT Hyderabad
3) IIT Delhi
4) IIT Kanpur
5) IIT GuwahatiAnswer- 2) IIT Hyderabad
Explanation:
Greenko Group signed an MoU with the Indian Institute of Technology (IIT) Hyderabad to launch ‘Greenko School of Sustainable Science and Technology’ (GSSST), India’s first dedicated School for Sustainable Science and Technology. It aims to enhance sustainable research, quality of education and skill.
About Greenko School of Sustainable Science and Technology’ (GSSST):
i. It will be completed by the end of year 2022.
ii. By June 2023, it will induct students for different courses including M.Tech and Ph.D. programmes in sustainable science and technology, followed by BTech programs. - Which general insurance company recently (in July ’22) launched India’s 1st comprehensive motor insurance product named “SWITCH”?
1) Bharti AXA General Insurance
2) Future Generali India General Insurance
3) Bajaj Allianz General Insurance
4) Edelweiss General Insurance
5) Kotak Mahindra General InsuranceAnswer-4) Edelweiss General Insurance
Explanation:
Edelweiss General Insurance has launched SWITCH, a comprehensive motor insurance product under Insurance Regulatory and Development Authority’s (IRDAI) Sandbox initiative.
SWITCH is an application that is a completely digital, India’s 1st mobile telematics-based motor policy which detects motion and automatically activates insurance when the vehicle is driven. This helps customers to pay only for how much they drive.
About Edelweiss General Insurance:
Executive Director and CEO – Shanai Ghosh
Headquarters – Mumbai, Maharashtra - RBI recently in July’22) launched the 58th round of OBICUS of the manufacturing sector for April-June 2022.
In OBICUS, what does ‘O’ stand for?
1) Onset
2) Order
3) Open
4) Owner
5) OfficeAnswer-2) Order
Explanation:
The Reserve Bank of India (RBI) launched the 58th round of OBICUS i.e. Order Books, Inventories and Capacity Utilization Survey of the manufacturing sector for April-June 2022 (Q1:2022-23).
i. The results of the survey will provide valuable inputs for monetary policy formulation. RBI will approach the selected manufacturing companies for the survey. RBI has also launched the 2021-22 round of its Survey on International Trade in Banking Services (ITBS).
About OBICUS:
RBI has been conducting OBICUS of the manufacturing sector on a quarterly basis since 2008.
It provides information on financial services rendered by branches/ subsidiaries/joint ventures of Indian banks operating abroad and branches/subsidiaries of foreign banks operating in India. - In July 2022, HDFC Bank received a no objection letter from the Reserve Bank of India (RBI) to merge the __________ with HDFC Bank.
1) HDFC ERGO
2) HDFC Life
3) HDFC Limited
4) HDFC Securities
5) HDFC Mutual FundAnswer- 3) HDFC Limited
Explanation:
HDFC Bank received no objection letter from Reserve Bank of India (RBI) merging HDFC (Housing Development FinanceCorporation) Ltd and HDFC Bank. BSE Limited and NSE (National Stock Exchange) have also issued observation letters for the proposed merger.
i. The board of HDFC Bank agreed to take over HDFC with a deal value of around USD 40 billion, subject to approvals.
ii. The merger would be the largest in Indian corporate history, the new HDFC entity with a $169-billion market capitalisation (the second-largest in India) and will be among the 10 most valued banks in the world and it will be twice the size of ICICI Bank, the second largest private bank in the country. - Who was recently (in July’22) appointed as the Chief Executive Officer (CEO) and Managing Director (MD) of Aviva Life Insurance Company?
1) Parag Raja
2) Amit Malik
3) Kamlesh Rao
4) Asit Rath
5) Satishwar BalakrishnanAnswer-4) Asit Rath
Explanation:
Aviva Life Insurance Company India has appointed Asit Rath as Chief Executive Officer (CEO) and Managing Director (MD). Asit Rath will succeed Amit Malik and will come into effect on 11th July 2022.
i. Asit Rath is currently the CEO of Prudential Myanmar Life Insurance, having 22 years of banking and insurance experience in India and Myanmar and distribution experience with ICICI Bank, ICICI Prudential Life in India. - In July 2022, Tata Steel Long Products Limited (TSLP) acquired a ______ strategic stake in Neelachal Ispat Nigam for Rs 12,100 crore.
1) 59.12%
2) 93.71%
3) 82.42%
4) 76.99%
5) 65.81%Answer-2) 93.71%
Explanation:
The Ministry of Finance (MoF) announced the completion of strategic disinvestment transaction for Neelachal Ispat Nigam Limited (NINL) with the transfer of 93.71% shares of the joint venture partners (4 CPSEs and 2 Odisha Govt. PSUs) to the strategic buyer Tata Steel Long products Limited (TSLP), a subsidiary of Tata Steel Limited(Tata Steel).
Tata Steel Long India Limited paid the Enterprise Value (EV) of Rs.12,100 Crores.
About Neelachal Ispat Nigam Limited (NINL):
Located – Jajpur, Odisha
Chairman– J. Ravi Shanker - In July 2022, The CoE-SURVEI developed an Artificial Intelligence (AI)-based software to Protect Defence Land along with the knowledge partner ____________.
1) Hindustan Aeronautics Limited
2) Bharat Dynamics Limited
3) Bhabha Atomic Research Centre
4) Bharat Electronics Limited
5) Defence Research and Development OrganisationAnswer- 3) Bhabha Atomic Research Centre
Explanation:
The Centre of Excellence on Satellite and Unmanned Remote Vehicle Initiative (CoE-SURVEI) has developed an Artificial Intelligence-based software which can automatically detect change on the ground, including unauthorized constructions and encroachments in a time series using satellite imagery.
i. CoE-SURVEI was established by Directorate General Defence Estates (DGDE) , at National Institute of Defence Estates Management at Meerut Cantonment in Uttar Pradesh (UP).
ii. This change detection software has been developed by CoE-SURVEI in collaboration with knowledge partner Bhabha Atomic Research Centre (BARC), Visakhapatnam. - Name the state government that was recently (in July’22) signed an Operation & Management (O&M) agreement Airports Authority of India (AAI) for Operation of 5 Airports.
1) Karnataka
2) Gujarat
3) West Bengal
4) Kerala
5) Uttar PradeshAnswer-5) Uttar Pradesh
Explanation:
Airports Authority of India (AAI) signed an Operation & Management (O&M) agreement with the Government of Uttar Pradesh (UP) for operationalization of five airports (state-owned) at Aligarh, Azamgarh, Chitrakoot, Muirpur & Shravasti for 30 years.
This is AAI’s first O&M Agreement with the State Government for the Operationalization of State Government-owned airports.
About Airports Authority of India (AAI):
Headquarters- New Delhi
Founded- 1995
Chairman- Sanjeev Kumar - Which state recently (in July’22) signed an MoU with the NTPC Renewable Energy Limited (NTPC REL) to develop 10 GW Ultra Mega Renewable Energy Park?
1) Rajasthan
2) Andhra Pradesh
3) West Bengal
4) Madhya Pradesh
5) KarnatakaAnswer-1) Rajasthan
Explanation:
NTPC Renewable Energy Limited (NTPC REL), a wholly-owned subsidiary/branch of NTPC Limited (formerly known as National Thermal Power Corporation Limited), signed an MoU with the Rajasthan government for the development of 10 GW (Gigawatts) Ultra Mega Renewable Energy Park in Rajasthan.
i. The MoU is in line with NTPC’s aim to achieve the goal of 60 GW of renewable energy capacity by the year 2032.
About NTPC Limited:
Founded- 1975
Headquarters- New Delhi, Delhi
Chairman & Managing Director (MD)-Gurdeep Singh
- Which of the following points are ‘Incorrect’ with respect to the 3rd edition of the States’ Startup Ranking 2021 report released in July 2022?
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