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- In June 2023, the Employees Provident Fund Organisation (EPFO) formed 3 committees to frame draft schemes for pension, provident fund and insurance under EPFO.
Who will be the overall co-ordinator for all three committees?
1) Chanramauli Chakraborty
2) Neelam Shami Rao
3) Shobhit Shrivastava
4) Rakesh Dabas
5) Meenu MandolaAnswer-1) Chanramauli Chakraborty
Explanation:
The Employees Provident Fund Organisation (EPFO) has formed 3 committees to frame draft schemes for pension, provident fund and insurance under EPFO, in line with the provisions of the Code on Social Security 2020.
i. The three schemes are:
• Employee’s Provident Fund Scheme (EPFS) for provident fund
• Employee’s Pension Scheme (EPS) for pension
• Employees Deposit Linked Insurance Scheme (EDLIS) for insurance
ii. Chanramauli Chakraborty, Additional Central provident fund Commissioner (ACC) (Headquarters-HQ) Legal, will be the overall co-ordinator for all three committees.
• The committee for framing EPFS 2023 consists of 11 members which will be co-chaired by Sanjay Kumar, ACC (Patna, Bihar) and Pankaj Raman of ACC (HQ).
• The committee for framing EPS 2023 consists of 8 members which will be chaired by Rajiv Bhist, ACC (HQ).
• The committee for framing EDLIS 2023 consists of 5 members which will be chaired by Vaishali Dayal, ACC (Zonal Office, Hyderabad, Telangana). - Which organisation/Bank has (in June ‘23) signed an MoU with the National Bank for Financing Infrastructure and Development (NaBFID) to develop a pipeline of investment-ready public-private partnership (PPP) projects in infrastructure across India?
1) International Development Association
2) International Monetary Fund
3) International Finance Corporation
4) Asian Development Bank
5) International Bank for Reconstruction and DevelopmentAnswer-3) International Finance Corporation
Explanation:
International Finance Corporation (IFC), a part of the World Bank Group, and National Bank for Financing Infrastructure and Development (NaBFID) signed a memorandum of understanding (MoU) on June 2, 2023, to develop a pipeline of investment-ready public-private partnership (PPP) projects in infrastructure across India.
i. The MoU would support India’s target of achieving a USD 5-trillion economy while fostering low-carbon and climate-resilient growth.
ii. Under the MoU, IFC and NaBFID would collaborate and identify and develop PPP projects and provide comprehensive transaction advisory services. - Name the savings programme that has recently (in June ‘23) launched by the Kotak Private Banking for UHNIs (Ultra High Net Worth Individuals) and HNIs (High Net Worth Individuals).
1) Diamond
2) Réserve
3) Beta
4) Alpha
5) PlatinumAnswer-2) Réserve
Explanation:
Kotak Private Banking, a division of Kotak Mahindra Bank Limited, has launched a savings programme named ‘Réserve’ exclusively for its UHNIs (Ultra High Net Worth Individuals) and HNIs (High Net Worth Individuals) comprising entrepreneurs, business families, and professionals.
i. Réserve is a by-invite programme and it provides banking services, and a range of exclusive lifestyle amenities in areas such as travel, health and wellness, and entertainment to provide a luxury banking experience.
ii. The savings programme Réserve is applicable for an individual who is having a Rs 7.5 Crore Relationship Value and a minimum savings bank account balance (Average Yearly Balance) of Rs 50 lakhs.
iii. Ultra-high-net-worth individuals (UHNWI) are people with investable assets of at least USD 30 million. - Which bank has recently (in June ‘23) launched the Interoperable Cardless Cash Withdrawal (ICCW) facility to withdraw cash using UPI from the Automated Teller Machine (ATM) without using the physical debit card?
1) Indian Bank
2) Union Bank of India
3) Bank of India
4) Canara Bank
5) Bank of BarodaAnswer-5) Bank of Baroda
Explanation:
The Bank of Baroda (BoB) launched the Interoperable Cardless Cash Withdrawal (ICCW) facility which would enable a customer to withdraw cash using UPI (Unified Payments Interface) from the bank’s ATMs (Automated Teller Machine) without using the physical debit card.
i. BoB became the 1st public sector bank (PSB) to launch the ICCW service.
ii. The ICCW facility would give customers a simple, convenient and secure way to withdraw cash without the use of a physical card.
iii. To withdraw cash, the customers need to select the option ‘UPI Cash Withdrawal’ at a BoB ATM and enter the withdrawal amount, after which a QR code is displayed on the ATM screen. - In June 2023, State Bank of India (SBI) launched ‘Project Kuber’, which includes the establishment of four Transaction Banking Hubs and one Corporate Salary Package Hub in ____________.
1) Bengaluru, Karnataka
2) Chennai, Tamil Nadu
3) Mumbai, Maharashtra
4) Hyderabad, Telangana
5) Ahmedabad, GujaratAnswer-1) Bengaluru, Karnataka
Explanation:
On 2nd June 2023, the State Bank of India (SBI), launched ‘Project Kuber’, which includes the establishment of four Transaction Banking Hubs and one Corporate Salary Package Hub in Bengaluru, Karnataka.
i. Transaction Banking Hubs will act as a one-stop destination for all payment and collection-related requirements and will offer services to corporate/non-corporate clients, from account opening to onboarding them on SBI’s digital platforms.
ii. A professional team will facilitate business partners and customers in availing digital banking services such as Yono Business, e-Payments, Cash Management Products. - Which bank has recently (in June ‘23) unveiled a new campaign “My Account Starts Today” featuring cricketer Virat Kohli as their new brand influencer?
1) Standard Chartered Bank India
2) HSBC India
3) DBS Bank India
4) CSB Bank India
5) Citibank IndiaAnswer-2) HSBC India
Explanation:
The Hongkong and Shanghai Banking Corporation Limited, India (HSBC India) unveiled its latest advertising campaign “My Account Starts Today” with Indian cricketer Virat Kohli, their new brand influencer.
• This is aimed at leveraging Virat Kohli’s appeal to help illustrate the benefits of banking with HSBC.
i. The campaign highlights HSBC’s purpose of “Opening up a world of opportunity” as it works to support the goals of an aspirational India
ii. The multi-channel campaign will be rolled out across various media platforms, including print, television, outdoor displays, OTT(over-the-top) platforms, and digital channels. - In June 2023, the Confederation of Indian Industry (CII) projected the Indian economy to grow in the range of ________ in FY24 (Financial Year 2023-24).
1) 6.4-6.6%
2) 6.2-6.4%
3) 6.5-6.7%
4) 6.6-6.8%
5) 6.3-6.5%Answer-3) 6.5-6.7%
Explanation:
The Confederation of Indian Industry (CII) has projected the Indian economy to grow in the range of 6.5-6.7% in FY24 (Financial Year 2023-24) supported by strong domestic drivers and robust Capital expenditures (CapEx) momentum of the government.
i. CII has also projected India’s GDP to grow in Q4 FY23 by 6.1%, with an annual growth rate of FY23 at 7.2%.
ii. CII also expects the consumer price index (CPI) based retail inflation to fall within RBI’s target range of 4% within a band of +/- 2 percent in FY24. - Name the company that has recently (in June ‘23) signed an MoU with the Directorate General of Training (DGT) to train 6,000 students & 200 educators at Industrial Training Institutes (ITIs) and National Skills Training Institutions (NSTIs).
1) Tata Consultancy Services
2) Microsoft
3) Infosys
4) Wipro
5) GoogleAnswer-2) Microsoft
Explanation:
A memorandum of Understanding (MoU) has been signed between Microsoft and the Directorate General of Training (DGT), Ministry of Skills Development and Entrepreneurship (MSDE), to train 6000 students and 200 educators at government-led Industrial Training Institutes (ITIs) and National Skills Training Institutions (NSTIs).
• Microsoft will offer a wide range of courses for the training including in Artificial Intelligence (AI), cloud computing, web development and cybersecurity skills.
• This training is being conducted under the CyberShikshaa programme and will be expanded to students and educators at 10 NSTIs for women.
i. The CyberShikshaa programme is launched by Microsoft in partnership with Data Security Council of India (DSCI) and in support with Information Security Education and Awareness (ISEA) of Ministry of Electronics & IT (MeitY) to train women engineering graduates from disadvantaged backgrounds to build careers in cybersecurity. - When was the United Nations (UN) Russian Language Day 2023 observed across the globe?
1) 4th June 2023
2) 2nd June 2023
3) 5th June 2023
4) 3rd June 2023
5) 6th June 2023Answer-5) 6th June 2023
Explanation:
The United Nations (UN) Russian Language Day 2023 was observed across the globe on 6th June 2023 to create awareness about the history, culture and development of the Russian language. The day also aims to celebrate cultural diversity and multilingualism.
i. The day also marks the birth anniversary of the great Russian poet, playwright, and novelist, Alexander Sergeyevich Pushkin (A.S. Pushkin) (1799 – 1837), the founder of modern Russian literature.
• Every year, Russia celebrates June 6th as “Pushkin Day”.
ii. As a part of the celebration of the UN Russian Language Day on 6th June 2023, UN entities organised a series of virtual events in New York, Geneva and Vienna, including a poetry reading, a literature recital, theatrical performances and discussions about the Russian language. - In June 2023, Maharashtra Chief Minister (CM) Eknath Shinde launched Asia’s largest cluster development scheme in ___________.
1) Nagpur
2) Pune
3) Aurangabad
4) Thane
5) NashikAnswer-4) Thane
Explanation:
Maharashtra Chief Minister (CM) Eknath Shinde launched Asia’s largest cluster development scheme in Thane, Maharashtra for the collective redevelopment of unauthorised and official dangerous buildings in the urban areas.
• Each beneficiary of the scheme will get a house of 323 square feet.
i. Implementing Agency: The cluster development scheme will be implemented by the City and Industrial Development Corporation (CIDCO).
- In June 2023, the Employees Provident Fund Organisation (EPFO) formed 3 committees to frame draft schemes for pension, provident fund and insurance under EPFO.
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