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- Name the initiative that has been recently (in May ‘24) launched by the Central Council for Research in Ayurvedic Sciences (CCRAS) to boost research and innovation in Ayurveda.
1) Blue Talks
2) PRAGATI-2024
3) ODISERV
4) Meghayan-24
5) CDP-SURAKSHAAnswer-2) PRAGATI-2024
Explanation:
The Central Council for Research in Ayurvedic Sciences (CCRAS) has launched the Pharma Research in AyurGyan And Techno Innovation (PRAGATI-2024), an initiative to shape the future of Ayurveda.
• The launch took place on May 28 2024, at the India Habitat Centre, New Delhi, Delhi and inaugurated by Dr.Vaidya Rajesh Kotecha, Secretary of Ministry of Ayush.
• The initiative aims to boost research and innovation in Ayurveda by fostering collaboration between CCRAS and the Ayurveda drug industry. - In May 2024, the United Nations Development Programme (UNDP) and the _________ launched a new USD 135 million Blue and Green Islands Integrated Programme (BGI-IP) to address environmental challenges faced by Small Island Developing States (SIDS).
1) UN Environment Programme
2) African Development Bank
3) Asian Development Bank
4) World Bank
5) Global Environment FacilityAnswer-5) Global Environment Facility
Explanation:
On 28th May 2024, the United Nations Development Programme (UNDP) and the Global Environment Facility (GEF) jointly launched a new USD 135 million Blue and Green Islands Integrated Program (BGI-IP), a transformative and comprehensive initiative designed to address pressing environmental challenges faced by Small Island Developing States (SIDS).
• The initiative was launched during the 4th International Conference on SIDS (SIDS4) held in Antigua and Barbuda from 27th to 30th May 2024 under the overarching theme of “Charting the course toward resilient prosperity”.
• This will support 15 SIDS, which were selected through a competitive “Expressions of Interest” process, representing all SIDS sub-regions(the Caribbean, the Pacific, the Atlantic, the Indian Ocean, and the South China Sea (AIS)).
• The 15 SIDS selected out of the 39 SIDS are Belize, Cape Verde, Comoros, Cuba, Maldives, Mauritius, Micronesia, Palau, Papua New Guinea, Saint Lucia, Samoa, Seychelles, Timor Leste, Trinidad & Tobago, and Vanuatu. - Which organisation has recently (in May ‘24) launched India’s 1st Electric Vehicle (EV) Index, named “Nifty EV and New Age Automotive Index,” to track the performance of companies that form a part of the EV ecosystem?
1) Jupiter Wagons Limited
2) NSE Indices Limited
3) Tata Mutual Fund
4) National Highways Authority of India
5) Indian Renewable Energy Development Agency LimitedAnswer-2) NSE Indices Limited
Explanation:
On 30th May 2024, NSE Indices Limited, a subsidiary of National Stock Exchange of India Limited (NSE India), launched India’s 1st Electric Vehicle (EV) Index named “Nifty EV and New Age Automotive Index”.
• The index aims to track the performance of companies which are part of EV sector or engaged in the development of new-age automotive vehicles and associated technology.
• The index has a base date of 2nd April 2018 and the base value of the index is 1000.
• The index will be reconstituted semi-annually and rebalanced on a quarterly basis.
• At present, there are 17 thematic indices on the NS, which includes Nifty Commodities, Nifty India Consumption, Nifty CPSE, among others. - Which small finance bank has recently (in May ‘24) entered into a bancassurance partnership with ICICI Lombard General Insurance Company Limited?
1) Jana Small Finance Bank Limited
2) AU Small Finance Bank
3) ESAF Small Finance Bank
4) Capital Small Finance Bank Limited
5) Equitas Small Finance Bank LimitedAnswer-4) Capital Small Finance Bank Limited
Explanation:
Capital Small Finance Bank Limited (CSFB), India’s first Small Finance Bank (SFB) has announced a Bancassurance Corporate Agency Partnership with ICICI Lombard General Insurance Company Limited (ICICI Lombard)
• This partnership enables CSFB to leverage its network and customer base to distribute ICICI Lombard’s comprehensive suite of general insurance products, including health, motor, home, travel, and rural insurance
• Bancassurance is an arrangement between a bank and an insurance company allowing the insurance company to sell its products to the bank’s client base. - Which fintech company has recently (in may ‘24)launched secured lending products on its platform by partnering with banks and non-banking financial companies (NBFCs)?
1) Amazon Pay
2) PhonePe
3) Airtel Payments Bank Limited
4) Tata Pay
5) Jio Financial Services LimitedAnswer-2) PhonePe
Explanation:
PhonePe, a leading Fintech firm, has launched secured lending products on its platform by partnering with banks, Non-Banking Financial Companies (NBFCs), and other fintech firms.
• Phonepe aims to create a powerful and seamless user experience in the secured loans category.
• The customers can access lending solutions on the PhonePe app in six major categories: mutual fund, gold, bike, car, home and loans against property, and education loan. - In May 2024, Morgan Stanley, in its ‘2024 Global Economic Midyear Outlook’ report, projected India’s GDP growth of ______ in 2024.
1) 6.6%
2) 7.6%
3) 6.5%
4) 7%
5) 6.8%Answer-5) 6.8%
Explanation:
Morgan Stanley‘s report, the 2024 Global Economic Midyear Outlook, indicates that growth in India is becoming more broad-based across both on the consumer and business spending side. The report forecasts 6.8% growth in 2024 (against the Reserve Bank of India’s (RBI) 7%), and 6.5% in 2025, and inflation is expected to stay within the 2-6% comfort zone.
• Retail inflation stands at 4.83% in April 2024 (the lowest in the past 11 months), within RBI’s comfort zone (2 – 6 %) but slightly above the ideal scenario of 4%.
• India’s Gross Domestic Product (GDP) growth reached 8.4% in the October-December quarter of FY 2023-24, maintaining its position as the fastest-growing major economy.
• India’s GDP is ranked 5th globally, after the United States (US), China, Germany, and Japan, with an estimated value of around USD 3.7 trillion. - Which country has taken over the chairmanship of the Colombo Process for the term (2024 – 2026) for the first time?
1) Bangladesh
2) China
3) India
4) Sri Lanka
5) CambodiaAnswer-3) India
Explanation:
India has taken over the chairmanship of the Colombo Process for the term (2024 – 2026). It is the first time that India has assumed the chairmanship of the Coulomb Process since its inception in 2003.
• It marks a significant step in India’s efforts to enhance cooperation and address the challenges faced by migrant workers.
• Colombo Process is a regional consultation process of migrant worker origin countries from South and SouthEast (SE) Asia.
• The 12 Member States are: Afghanistan, Bangladesh, China, India, Indonesia, Nepal, Pakistan, the Philippines, Sri Lanka, Thailand, Vietnam and Cambodia. - In May 2024, IRDAI approved the appointment of _________, as Chairman of the Board of Directors of ICICI Prudential Life Insurance Company Limited, effective from 30th June 2024.
1) Hitesh Kumar Sethia
2) M S Ramachandran
3) Ravi Kumar Jha
4) P Santhosh
5) Sandeep BatraAnswer-5) Sandeep Batra
Explanation:
The Insurance Regulatory and Development Authority of India (IRDAI) has approved the appointment of Sandeep Batra, as Chairman of the Board of Directors of ICICI Prudential Life Insurance Company Limited (ICICI Prudential Life), effective from 30 June 2024.
• He will replace the incumbent M S Ramachandran, who is set to retire as Chairman of the Board on 30 June 2024, having already completed the maximum age limit of 75 years.
• Batra has been associated with ICICI Group since 2000 and has been an Executive Director on the Board of ICICI Bank since 2018. - Which bank recently (in May ‘24) got approval from the Competition Commission of India (CCI) to acquire an 11% stake in HDFC Credila Financial Services Limited?
1) KfW IPEX-bank
2) Societe Generale
3) Bank of America
4) Shinhan Bank
5) Citi BankAnswer-4) Shinhan Bank
Explanation:
Competition Commission of India (CCI) approved the acquisition of up to approximately 11% shareholding by South Korea Based Shinhan Bank Co., Ltd. in HDFC Credila Financial Services Limited (HDFC Credila) by way of subscription to shares of HDFC Credila.
• Shinhan Bank is part of the Shinhan Financial Group, a multinational bank that has been operating in India since 1996.
The CCI has also granted approval for Matrix Pharma Private Limited to acquire 100% stake in Tianish Laboratories Private Limited.
• Mudhra Labs Private Limited, the parent company of Matrix Pharma, will make a partial investment in optionally convertible debentures to support the transaction. - The World Multiple Sclerosis Day(World MS Day) was observed across the globe on __________.
1) April 14
2) February 29
3) April 19
4) May 30
5) June 1Answer-4) May 30
Explanation:
World Multiple Sclerosis Day(World MS)2024 was observed across the globe on 30 May to raise awareness about Multiple Sclerosis, a long-lasting (chronic) autoimmune disease of the central nervous system (brain and spinal cord), and campaign with everyone affected by MS.
• The annual observance of World MS Day is coordinated by the MS International Federation (MSIF) and its members.
• The theme for World MS Day 2024-2025 is “Diagnosis” under the campaign name “My MS Diagnosis” and the tagline is “Navigating MS Together“.
• The 1st World MS Day was observed in 2009.
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