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- Which of the following points is ‘Incorrect’ with respect to the 23rd Shanghai Cooperation Organization(SCO) Council of Heads of State (SCO-CHS) Summit held in July 2023?
1) India chaired the Shanghai Cooperation Organization(SCO) Council of Heads of State (SCO-CHS) Summit for the first time with the theme of ‘Towards a SECURE SCO’ in July 2023.
2) The PM Narendra Modi presented the AI (artificial intelligence) and Natural Language Processing (NLP)-based language platform ‘Bhashini’ at SCO summit.
3) During the summit, Iran became the new permanent member (9th) of SCO.
4) Belarus is set to become a full member by 2024 as the nation signed a Memorandum of Obligations which will lead to its membership.
5) The presidency of the SCO for the forthcoming period is handed over to Russia.Answer-5) The presidency of the SCO for the forthcoming period is handed over to Russia.
Explanation:
On July 4, 2023, the Prime Minister (PM) of India Narendra Modi chaired the 23rd Shanghai Cooperation Organization(SCO) Council of Heads of State (SCO-CHS) Summit under the theme of ‘Towards a SECURE SCO’ which was held in a virtual format.
• This is the first time that SCO-CHS Summit was held under India’s Chairmanship.
• During the summit, the member nations signed the New Delhi Declaration coined by the Indian Government to fight against terrorism.
• The PM Narendra Modi presented the AI (artificial intelligence) and Natural Language Processing (NLP)-based language platform ‘Bhashini’ at SCO summit
• During the summit, Iran became the new permanent member (9th) of SCO. Now, the member of SCO has increased to 9 viz. China, Russia, India, Iran, Pakistan, Kazakhstan, Kyrgyzstan, Tajikistan, and Uzbekistan.
• Belarus is set to become a full member by 2024 as the nation signed a Memorandum of Obligations which will lead to its membership.
• The presidency of the SCO for the forthcoming period is handed over to the Republic of Kazakhstan. The next meeting of the SCO Council of Heads of State will be held in 2024 in Kazakhstan. - In July 2023, Indian Banks’ Association (IBA) formed a _________ member working group for the Implementation of recommendations from the Reserve Bank of India’s committee on the working of Asset Reconstruction Companies (ARCs).
1) 8
2) 4
3) 6
4) 5
5) 3Answer-4) 5
Explanation:
Indian Banks’ Association (IBA) has formed a five-member working group for the Implementation of recommendations from the Reserve Bank of India’s committee on the working of Asset Reconstruction Companies (ARCs).
i. The primary focus of the working group is to conduct a thorough review of assignment agreements and trust deed templates related to the acquisition of distressed assets by ARCs from lenders.
ii. The aim of this review is to update these templates to align with the evolving changes and expectations within the ARC sector, enabling them to meet the growing demands of the financial industry.
Members:
• Ajit Kumar, MD and CEO, Secondary Loan Market Association (SLMA)
• Hari Hara Mishra, CEO, Association of ARCs in India
• MythiliBalasubramanian, Executive Director, Edelweiss ARC;
• Dharmendra Pali, senior official from State Bank of India
• AnupamaRanade, senior official from ICICI Bank - Which company has recently (in July ‘23) launched its Point-of-sale (POS) device that enables merchants to accept payments?
1) BharatPe
2) PhonePe
3) Freecharge
4) Paytm
5) RazorpayAnswer-2) PhonePe
Explanation:
PhonePe launched its Point-of-sale (POS) device that enables merchants to accept payments through Debit Cards, Credit Cards and UPI, with a simplified settlement experience.
i. The device comes preloaded with the PhonePe POS App and supports transactions through tap/swipe/dip and interoperable dynamic QR (Quick Response) codes.
ii. The POS device, built on the Android platform, can be accessed in areas of cellular coverage.
iii. Reliable and security being its top features, it has PCI-PTS 6(Payment Card Industry-PIN Transaction Security) certification safeguarding both merchant and consumer data. - Which company has recently (in July ‘23) developed the Threads app, a new text-based microblogging platform?
1) Twitter
2) Microsoft Corporation
3) Google
4) IBM
5) MetaAnswer-5) Meta
Explanation:
On 6th July 2023, Threads, an app launched as a new text-based microblogging platform, developed by Facebook parent Meta for sharing text updates and joining public conversations.It is built by the Instagram team,photo and video sharing social networking service owned by American company Meta Platforms.
i. The new app is rolled out in 100 countries (currently unavailable in EU region) including India and is available in iOS(iPhone Operating System) and Play Store.
ii. It is said to be the text-based version of Meta’s photo-sharing app Instagram.Thread users will need an Instagram account to log in. - Which company has (in July ‘23) signed an MoU with the National Highways Authority of India (NHAI) to provide technical services for road safety?
1) Larsen & Toubro Limited
2) HG Infra Engineering
3) THDC India Limited
4) Afcons Infrastructure Limited
5) IRB Infrastructure Developers LimitedAnswer-3) THDC India Limited
Explanation:
On 4th July 2023, THDC India Limited (THDCIL), a Mini Ratna category-I company under National Thermal Power Corporation Limited (NTPC) and a Schedule ‘A’ Public Sector Undertaking (PSU) signed a Memorandum of Understanding (MoU) with the National Highways Authority of India (NHAI) at the NHAI headquarters in New Delhi, Delhi to provide technical services as the technical consultant.
• The collaboration aims to enhance road safety in the National Highway, by addressing the risks associated with landslides.
i. THDCIL will be responsible for assessing landslide susceptibility areas and recommending mitigation measures for vulnerable slopes between Udhampur and Ramban in Jammu and Kashmir on NH(National Highway) 44. - In July 2023, the International Astronomical Union (IAU) named Minor Planet after ___________, India’s first professional meteor astronomer and 3 other Scientists (Ashok Kumar verma, Kumar Venkataramani & Rutu parekh).
1) Krishnaswamy Kasturirangan
2) Shrinivas Kulkarni
3) Jayant Vishnu Narlikar
4) Aswin Sekhar
5) Kiran KumarAnswer-4) Aswin Sekhar
Explanation:
The International Astronomical Union (IAU) through its Working Group Small Bodies Nomenclature (WGSBN) named Minor Planets after 4 Indians namely Aswin Sekhar, India’s prominent meteor astronomer from Kerala, Ashok Kumar verma, an Indian astrophysicist, Kumar Venkataramani, an Indian astronomer and Rutu parekh, planetary geologist from Gujarat.
i. This honour was conferred at the Asteroids, Comets, Meteors (ACM) Conference 2023, held in Arizona, the United States of America (USA), from June 18-23, 2023.
ii. Aswin Sekhar is the first professional meteor astronomer from India in modern times. - Who has been recently (in July ‘23) appointed as the acting chairperson of National Green Tribunal (NGT) by the Union Ministry of Environment, Forest and Climate Change (MoEFCC)?
1) Dinesh Kumar Singh
2) Sheo Kumar Singh-I
3) Arun Kumar Tyagi
4) Amit Sthalekar
5) Adarsh Kumar GoelAnswer-2) Sheo Kumar Singh-I
Explanation:
Justice Sheo Kumar Singh-I was appointed as the acting chairperson of National Green Tribunal (NGT) by the Union Ministry of Environment, Forest and Climate Change (MoEFCC) with the effect from July 6, 2023 until further notice.
i. He succeeded Justice Adarsh Kumar Goel, chairperson of NGT (July 2018 -July 2023), who retired on July 6, 2023.
ii. He was part of the NGT as a judicial member since March 11, 2020. - In July 2023, Life Insurance Corp (LIC) reduced its stake by _________ in India Cements Ltd to 3.83%.
1) 4%
2) 5%
3) 3%
4) 6%
5) 2%Answer-5) 2%
Explanation:
Life Insurance Corp (LIC),an Indian state-owned insurance group and investment company, has reduced its stake by 2% in India Cements Ltd from 5.87% to 3.83%. The reduction has taken place between November 2017 and July 2023 through open market transactions.
i. Post the sale of 63.28 lakh shares, LIC currently holds 1.19 crore shares of India Cements. - Which company has recently (in July ‘23) signed an MoU with Voyager Space to explore launch and deployment opportunities for small satellites orbited by Small Satellite Launch Vehicle (SSLV) and Polar Satellite Launch Vehicle (PSLV)?
1) Skyroot Aerospace Private Limited
2) Dhruva Space Private Limited
3) AgniKul Cosmos Private Limited
4) NewSpace India Limited
5) Bellatrix Aerospace LimitedAnswer-4) NewSpace India Limited
Explanation:
Voyager Space, a global leader in space exploration, signed a Memorandum of Understanding (MoU) with NewSpace India Limited (NSIL), a Central Public Sector Enterprise (CPSE), under Department of Space (DOS) and the commercial arm of the Indian Space Research Organization (ISRO).
i. The MoU aims to foster collaboration in spacecraft launch and deployment opportunities on-board NSIL’s Small Satellite Launch Vehicle (SSLV) and Polar Satellite Launch Vehicle (PSLV).
ii. Voyager Space and NSIL will engage in joint research and development efforts to explore the use of space qualified components from NSIL. - When was the World Kiswahili Language Day 2023 celebrated across the globe by the United Nations Educational, Scientific and Cultural Organization (UNESCO)?
1) 6th July 2023
2) 9th July 2023
3) 7th July 2023
4) 5th July 2023
5) 8th July 2023Answer-3) 7th July 2023
Explanation:
The United Nations Educational, Scientific and Cultural Organization (UNESCO)’s World Kiswahili Language Day 2023 was celebrated across the globe on 7th July 2023 with the theme of “Unleashing Kiswahili’s potential in the digital era“.
i. The day highlights the role of Kiswahili in promoting cultural diversity, creating awareness and encouraging dialogue among civilizations.
ii. 7th July 2023 marks the 2nd commemoration of the World Kiswahili Language Day.
Note: Kiswahili is the first African language recognized by the UN.
- Which of the following points is ‘Incorrect’ with respect to the 23rd Shanghai Cooperation Organization(SCO) Council of Heads of State (SCO-CHS) Summit held in July 2023?
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