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- In which city, the 2nd Tourism Working Group Meeting, under India’s G20 presidency was held in April 2023?
1) Gandhinagar, Gujarat
2) Jodhpur, Rajasthan
3) Visakhapatnam, Andhra Pradesh
4) Siliguri, West Bengal
5) Mumbai, MaharashtraAnswer-4) Siliguri, West Bengal
Explanation:
The 2nd Tourism Working Group Meeting was held in Siliguri, Darjeeling District, West Bengal, from April 1-4, 2023, and was represented by 56 delegates from 17 Member Countries, 8 Invitee Countries, and 4 International Organizations (IOs) including United Nations Environment Programme (UNEP), International Labour Organization (ILO), and United Nations World Tourism Organization (UNWTO).
i. The event was also graced by the participation of Ambassadors from seven G20 countries: Australia, Bangladesh, Japan, Singapore, Mexico, Indonesia, and South Korea.
ii. The inaugural session was attended by Union Minister G. Kishan Reddy, Ministry of Culture; Ministry of Tourism; and Ministry of Development of North Eastern Region (MDoNER) and John Barla, Union Minister of State (MoS), Ministry of Minority Affairs. - Which of the following policy rates is ‘wrongly matched’ with respect to the 1st Bi-Monthly Monetary Policy of FY24 released by RBI in April 2023?
1) Policy Repo Rate – 6.50%
2) Reverse Repo Rate – 3.35%
3) Bank Rate – 6.25%
4) Standing Deposit Facility (SDF) Rate – 6.25%
5) Marginal Standing Facility (MSF) Rate – 6.75%Answer-3) Bank Rate – 6.25%
Explanation:
The Reserve Bank of India’s (RBI) 6-members Monetary Policy Committee (MPC) met on 3rd, 5th and 6th of April 2023 and released its first bi-monthly monetary policy statement for FY24 (Financial year 2023-2024).
i. The MPC has decided to keep the policy rates unchanged with the stance remaining focused on the withdrawal of accommodation.
ii. The Unchanged Policy rates are as follows:Category Rates Policy Repo Rate 6.50% Reverse Repo Rate 3.35% Marginal Standing Facility (MSF) Rate 6.75% Standing Deposit Facility (SDF) Rate 6.25% Bank Rate 6.75% Cash Reserve Ratio (CRR) 4.50% Statutory Liquidity Ratio (SLR) 18% - Which of the following points is/are ‘correct’ with respect to the ‘1st Bi-Monthly Monetary Policy of FY24’ released by RBI in April 2023?
A) India’s real gross domestic product (GDP) growth for FY24 was projected at 6.5 percent with 7.8 percent in Q1, 6.2 percent in Q2, 6.1 percent in Q3, and 5.9 percent in Q4.
B) RBI decided to develop a secured web-based centralised portal named ‘PRAVAAH’ (Platform for Regulatory Application, Validation And AutHorisation)
C) Consumer Price Index (CPI) inflation was projected at 5.5 percent in FY24, with 5.2 percent in Q1, 5.2 percent in Q2, 5.3 percent in Q3, and 5.4 percent in Q4.
1) All A, B & C
2) Only A & B
3) Only B & C
4) Only A & C
5) Only AAnswer-2) Only A & B
Explanation:
The Reserve Bank of India’s (RBI) 6-members Monetary Policy Committee (MPC) met on 3rd, 5th and 6th of April 2023 and released its first bi-monthly monetary policy statement for FY24 (Financial year 2023-2024).
• India’s real gross domestic product (GDP) growth for FY24 was projected at 6.5 percent with 7.8 percent in Q1, 6.2 percent in Q2, 6.1 percent in Q3, and 5.9 percent in Q4.
• Consumer Price Index (CPI) inflation was projected at 5.2 percent in FY24, with 5.1 percent in Q1, 5.4 percent in Q2, 5.3 percent in Q3, and 5.2 percent in Q4.
• RBI decided to develop a secured web-based centralised portal named ‘PRAVAAH’ (Platform for Regulatory Application, Validation And AutHorisation)
• RBI decided to auction new 5-year government bonds, which are set to mature in 2028, to raise approximately Rs 8,000 crore in the first bond auction of FY24 which is scheduled on April 06, 2023.
• The Government of India (GoI) also intends to raise up to Rs 33,000 crore by auctioning 3 securities that will mature in 2028, 2033, and 2052. - Which bank has recently (in April ‘23) signed a bancassurance pact with Cholamandalam MS General Insurance (Chola MS) to offer the health and general insurance products?
1) South Indian Bank
2) Axis Bank
3) IndusInd Bank
4) RBL Bank
5) Bandhan BankAnswer-1) South Indian Bank
Explanation:
South Indian Bank Limited (SIB) has signed a bancassurance pact with Cholamandalam MS General Insurance (Chola MS) to offer the health and general insurance products of Chola MS to SIB’s customers.
i. This partnership will enable SIB customers to have access to the range of insurance products offered by Chola MS.
ii. This will also facilitate Chola MS to offer insurance products for SME customers and innovative insurance covers for retail customers of the SIB. - According to the data of Direct Tax collections for the Financial Year 2022-23 (FY23) released in April 2023, the net Direct Tax collections rose by _________ to Rs 16.61 Trillion in FY23.
1) 20.12%
2) 17.63%
3) 25.32%
4) 15.23%
5) 18.47%Answer-2) 17.63%
Explanation:
According to the provisional figures of Direct Tax collections for the Financial Year 2022-23 (FY23), the net Direct Tax collections was at Rs. 16.61 lakh crore(trillion), an increase of 17.63% compared to Rs. 14.12 lakh crore of FY 2021-2022.
i. The provisional Direct Tax collections (net of the refunds) have exceeded the Budget Estimates (BE) by 16.97% and Revised Estimates (RE) by 0.69 %.
ii. The gross collections of direct taxes (before adjusting for refunds) for FY 2022-23 was Rs 19.68 Lakh Crore, registering a 20.33% growth over Rs 16.36 Lakh Crore in FY 2021-22. Gross corporate tax collections grew 16.9% to Rs 10.04 Lakh Crore last fiscal against Rs 8.59 Lakh crore in FY 2021-22. - Name the company that has recently (in April ‘23) partnered with UIDAI (Unique Identification Authority of India) to process payments for online Aadhaar services.
1) Paytm
2) BharatPe
3) PhonePe
4) Freecharge
5) Razorpay Software Private LimitedAnswer-5) Razorpay Software Private Limited
Explanation:
Razorpay (Razorpay Software Private Limited) has partnered with UIDAI (Unique Identification Authority of India) to process payments for online Aadhaar services. This partnership will enable citizens accessing online Aadhaar services to enjoy a seamless secure payment experience.
i. The UIDAI allows Aadhaar holders to update their Aadhaar data such as names and addresses online and charges a fee of Rs.50 for these services.
ii. The UIDAI website currently handles over 80,000 such transactions per day and there was a need for a robust payment solution to ensure high success rates while handling such a large volume of transactions. - In April 2023, the Ministry of Corporate Affairs (MCA) extended the term of Chandra Shekhar Rajan (C S Rajan) as non-executive chairman of IL&FS (Infrastructure Leasing & Financial Services Ltd) till ___________.
1) 30th September 2023
2) 31st August 2023
3) 30th June 2023
4) 31st July 2023
5) 30th November 2023Answer-1) 30th September 2023
Explanation:
The Ministry of Corporate Affairs (MCA) has extended the term of Chandra Shekhar Rajan (C S Rajan) as non-executive chairman of IL&FS (Infrastructure Leasing & Financial Services Ltd) up to 30th September 2023.
i. MCA has also extended the term of Nand Kishore as Managing Director (MD) of IL&FS up to March 31, 2024.
ii. IL&FS is a Core Investment Company registered with the Reserve Bank of India(RBI). - In April 2023, the Indian Space Research Organisation (ISRO) has successfully completed two significant tests- Vikas Engine Test Campaign for the L110 Stage & SDM (System Demonstration Model) tests for the Crew Module Propulsion System for _________ mission.
1) Shukrayaan
2) Gaganyaan
3) Mangalyaan 2
4) Chandrayaan 3
5) PragyanAnswer-2) Gaganyaan
Explanation:
The Indian Space Research Organisation (ISRO) has successfully completed two significant tests for Gaganyaan—the Human Space Flight Programme—at the ISRO Propulsion Complex (IPRC) in Mahendragiri, Tirunelveli District, Tamil Nadu. The two key tests are as follows:
• Human-Rated Vikas Engine Test Campaign for the L110 Stage
• SDM (System Demonstration Model) tests for the Crew Module Propulsion System
• The successful completion of these two tests signifies a major accomplishment in ISRO’s Gaganyaan mission.
i. The final long-duration hot test of the Human-Rated L110-G Vikas Engine for the planned qualifying duration of 240 seconds was successfully accomplished at the IPRC, Mahendragiri.
ii. The hot test of the Crew Module Propulsion System for demonstrating nominal re-entry for 650 seconds was successfully completed at the IPRC, Mahendragiri.
• This system was designed, developed, and realized by Liquid Propulsion Systems Centre (LPSC), located in Valiamala, Kerala. - What was the theme of United Nations (UN) World Health Day 2023 that was observed across the globe on 7th April 2023?
1) Support Nurses and Midwives
2) Our planet, our health
3) Health for All
4) Build the world we want: A healthy future for all
5) Universal Health CoverageAnswer-3) Health for All
Explanation:
The United Nations (UN) World Health Day 2023 was observed across the globe on 7th April 2023 with the theme of “Health for All”.
i. The day also marks the anniversary of the founding of the World Health Organization (WHO).
ii. 7th April 2023 marks the 75th anniversary of the founding of WHO in 1948. - Which state has recently (in April ‘23) introduced a plan to formulate an institution mechanism to use 80+ Unused Helipads for Intra-state Helicopter Service?
1) Kerala
2) Tamil Nadu
3) Telangana
4) Karnataka
5) Andhra PradeshAnswer-2) Tamil Nadu
Explanation:
Tamil Nadu (TN) government is set to formulate an institution mechanism – Tamil Nadu Regional Aerial Connectivity through Helicopters (TN REACH) to use helicopters for travel between cities and towns of Tamil Nadu. Under this initiative, more than 80 unused helipads across Tamil Nadu will be put to use with helicopter services.
i. The TN REACH initiative was announced in the State Industry Policy to improve the intra-state transportation network, particularly in urban areas where the air travel demand is high.
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