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- Which state recently (in July’22) became the first state in India to establish Research and Development (R & D) policy?
1) Gujarat
2) Madhya Pradesh
3) Andhra Pradesh
4) West Bengal
5) KarnatakaAnswer- 5) Karnataka
Explanation:
Karnataka is slated to be the first state in India to establish an exclusive Research and Development (R & D) policy. A Task Force, headed by Professor Ashok S. Shettar, the Vice-Chancellor of KLE Technological University (KLE Tech), Karnataka, and other officials, has been formed to ensure its effective implementation.
i. The policy is designed to be simple, with any R&D regarded as effective only if it is relevant in people’s daily lives and serves all sectors.
ii. The policy might aim to dedicate at least 0.1% of the state’s Gross State Domestic Product (GSDP)to R&D and innovation, which would likely benefit the state by bringing more development. - Name the company that was recently (in July’22) signed an MoU with the Council on Energy, Environment, and Water (CEEW) to Improve the Operational & Financial Sustainability of distribution companies.
1) Satluj Jal Vidyut Nigam
2) Rural Electrification Corporation Limited
3) Power Finance Corporation Limited
4) National Thermal Power Corporation Limited
5) Power Grid Corporation of IndiaAnswer- 2) Rural Electrification Corporation Limited
Explanation:
REC Ltd (formerly Rural Electrification Corporation Limited) signed an MoU with the Council on Energy, Environment and Water (CEEW) to collaborate on activities of operational and financial sustainability of distribution companies (Discoms).
i. Under the agreement, both REC & CEEW will collaborate by providing services such as the deployment of smart meters, strengthening of power distribution networks and improved quality of service for electricity consumers. - In July 2022, __________ signed a loan agreement for Japanese Yen (JPY) ____________ with Japan Bank for International Cooperation (JBIC) to reduce greenhouse gas emissions and conserve the global environment.
1) National Thermal Power Corporation Limited; 30 billion
2) Power Grid Corporation of India; 50 billion
3) Power Finance Corporation Limited; 30 billion
4) National Thermal Power Corporation Limited; 10 billion
5) Power Finance Corporation Limited; 50 billionAnswer-3) Power Finance Corporation Limited; 30 billion
Explanation:
Power Finance Corporation (PFC) Limited, a state-owned and leading Non-Banking Finance Company (NBFC) in the Indian power sector signed a loan agreement for Japanese Yen (JPY) 30 billion with Japan Bank for International Cooperation (JBIC).
JBIC has provided the loan under the initiative, ‘Global action for Reconciling Economic growth and Environmental preservation’ (GREEN).
About Power Finance Corporation (PFC) Limited:
Chairman & Managing Director (CMD) – Ravinder Singh Dhillon
Establishment – 1986
Headquarters – New Delhi, Delhi - Name the NGO that was recently (in July’22) partnered with the Bank of Baroda to launch the broader Phase 3 of the ‘Baroda Jan Dhan Plus’ in Uttar Pradesh & Uttarakhand.
1) Myna Mahila Foundation
2) Oxfam India
3) Kashf Foundation
4) Women’s World Banking
5) Women India TrustAnswer- 4) Women’s World Banking
Explanation:
Bank of Baroda (BoB), one of India’s leading public sector banks, has partnered with Women’s World Banking (WWB), a global Non-Profit Organization (NPO), to launch the broader Phase 3 of the ‘Baroda Jan Dhan Plus’ to inculcate savings behaviour in customers.
It will be rolled out in all 13 districts of Uttarakhand & 25 districts in Uttar Pradesh.
i. Aim: To enhance access to and promote the participation of low-income women with formal financial services. - In July 2022, the RBI cancelled the licence of which co-operative bank due to a lack of capital?
1) Saraswat Co-operative Bank
2) Shri Anand Co-operative Bank
3) Shamrao Vithal Co-operative Bank
4) Abhyudaya Co-operative Bank
5) Kalupur Commercial Co-operative BankAnswer-2) Shri Anand Co-operative Bank
Explanation:
Reserve Bank of India (RBI) cancelled the licence of Shri Anand Co-operative Bank Limited, Chinchwad, Pune, Maharashtra as the lender does not have enough capital to pay present depositors in full.
i. The bank ceases to carry on banking businesses including acceptance of deposits and repayment of deposits as defined in section 5(b) read with section 56 of the Banking Regulation Act, 1949, with effect from 7th July 2022. - In July 2022, Gita Gopinath became the first woman and 2nd Indian to feature on IMF’s ‘Wall of former Chief Economists’.
Name the 1st Indian to feature on IMF’s ‘Wall of former Chief Economists’.
1) Shankar Acharya
2) Viral Acharya
3) Arvind Subramanian
4) Dilip Abreu
5) Raghuram RajanAnswer- 5) Raghuram Rajan
Explanation:
Indian-American Gita Gopinath was featured on the ‘Wall of Former Chief Economists’ of the International Monetary Fund (IMF). She became the first woman and second Indian to get this achievement.
i. The first Indian was Raghuram Rajan, who was Chief Economist and Director of Research of IMF between 2003 and 2006.
ii. In October 2018 Gita Gopinath was appointed as IMF Chief Economist by its managing director Christine Lagarde and in 2021 She was promoted as the IMF’s First Deputy Managing Director, (Appointed by IMF’s managing director Kristalina Georgieva).
Note– Gita Gopinath is the recipient of the Pravasi Bharatiya Samman, the highest honour conferred on overseas Indians by the Government of India. - Name the company that was recently (in July’22) became India’s first company to receive Bureau of Indian Standards (BIS) certification for its made-in-India Li-ion cells.
1) Panasonic Energy India
2) GODI India
3) HBL Power Systems
4) Goldstar Power
5) Exide IndustriesAnswer-2) GODI India
Explanation:
Hyderabad-based GODI India Private Limited has become India’s first company to receive Bureau of Indian Standards (BIS) certification for its 21700 cylindrical NMC811 lithium-ion cells made using its home-grown technology.
i. As per BIS requirements, the Godi-designed cells were tested and qualified by a third-party testing agency (TUV).
ii. The company will set up a giga-factory for lithium-ion cell manufacturing in India by 2024, referring to a facility used for producing electric batteries at a huge scale, primarily for use in electric vehicles (EV). - Who was recently (in July’22) appointed as the President designate of the Confederation of Indian Industry (CII) for 2022–2023?
1) L. Atish Matur
2) Sanjiv Puri
3) Chandrajit Banerjee
4) R. Dinesh
5) Sanjiv BajajAnswer-4) R. Dinesh
Explanation:
The Confederation of Indian Industry (CII) elected R. Dinesh, executive vice chairman of TVS Supply Chain Solutions Ltd as its President designate for 2022-2023. The CII also elected Sanjiv Puri, chairman and managing director of ITC Ltd as the Vice President.
i. R Dinesh is a Commerce Graduate and an Associate Member of the Institute of Chartered Accountants of India (ICAI) and the Institute of Cost & Works Accountants of India (ICWAI).
About Confederation of Indian Industry (CII):
President- Sanjiv Bajaj
Director-General- Chandrajit Banerjee
Headquarters- New Delhi, Delhi
Founded- 1895 - In July 2022, Paritosh Tripathi was appointed as the Managing Director (MD) and Chief Executive Officer (CEO) of which general insurance company?
1) Kotak Mahindra General Insurance
2) SBI General Insurance
3) Bharti AXA General Insurance
4) Edelweiss General Insurance
5) Bajaj Allianz General InsuranceAnswer-2) SBI General Insurance
Explanation:
State Bank of India (SBI) General Insurance appointed Paritosh Tripathi as Managing Director (MD) and Chief Executive Officer (CEO), effective from 5 July 2022. He succeeded Prakash Chandra Kandpal, who was appointed as Deputy Managing Director (DMD)-(P&RE) at the Corporate Center, SBI.
i. From 2017 to 2020, he was head of bancassurance, firstly with SBI Mutual Fund and then with SBI General Insurance. He was also the CEO of SBI DIFC (Dubai International Financial Center) branch in Dubai, United Arab Emirates (UAE).
About State Bank of India (SBI) General Insurance:
Headquarters- Mumbai, Maharashtra
Founded-2009 - Japan’s longest-serving leader and former PM Shinzo Abe recently (in July’22) passed away. In which year did the Netaji Research Bureau Honour him with the Netaji Award?
1) 2018
2) 2019
3) 2022
4) 2020
5) 2021Answer- 3) 2022
Explanation:
Japan’s longest-serving leader and former Prime Minister (PM) Shinzo Abe passed away at the age of 67, after being shot by Tetsuya Yamagami (41-year-old resident of Nara), in the city of Nara in Japan.
i. He was a Japanese politician who served as PM of Japan and President of the Liberal Democratic Party (LDP) from 2006 to 2007 and again from 2012 to 2020.
ii. Indian Honour- In January 2022, He was awarded Netaji Award 2022 by Netaji Research Bureau on the 125th Birth Anniversary of Netaji Subhas Chandra Bose.
- Which state recently (in July’22) became the first state in India to establish Research and Development (R & D) policy?
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