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- Which institution has been recently (in September ‘24) notified as a Public Financial Institution (PFI) by the Ministry of Corporate Affairs (MCA) under the Section 2 of the Companies Act, 2013?
1) Indiabulls Housing Finance Limited
2) National Housing Bank
3) National Asset Reconstruction Company Limited
4) Piramal Capital and Housing Finance Limited
5) National Bank for Financing Infrastructure and DevelopmentAnswer-5) National Bank for Financing Infrastructure and Development
Explanation:
The Ministry of Corporate Affairs (MCA), Government of India (GoI) in consultation with the Reserve Bank of India (RBI) notified the National Bank for Financing Infrastructure and Development (NaBFID) as a Public Financial Institution (PFI) under the Section 2 of the Companies Act, 2013.
NaBFID is a specialised Development Finance Institution (DFI) in India.
This designation will help NaBFID to finance large-scale infrastructure projects, which will help strengthen India’s infrastructure development.
NaBFID was established in 2021 as a DFI under the National Bank for Financing Infrastructure and Development Act 2021. - Which city has recently (in September ‘24) hosted the India Defence Aviation Exposition (Expo) (IDAX-24)?
1) Jodhpur, Rajasthan
2) Umroi, Meghalaya
3) Chandipur, Odisha
4) Amethi, Uttar Pradesh
5) Bangalore, KarnatakaAnswer-1) Jodhpur, Rajasthan
Explanation:
Union Minister Rajnath Singh, Ministry of Defence (MoD) inaugurated the India Defence Aviation Exposition (Expo) (IDAX-24) in Jodhpur, Rajasthan, showcasing India’s commitment to Indigenous defence manufacturing and aerospace innovation.
The IDAX-24, run from 12 to 14 September 2024, highlighted the significant advancements and contributions of the Indian aviation industry.
The event coincides with Exercise Tarang Shakti-24 (Phase II), one of the largest and India’s first multinational air exercises hosted by the Indian Air Force (IAF) in Jodhpur from 29th August to 14th September 2024.
IDAX-24 aims to present India’s Indigenous aviation capabilities to global air forces.
The IAF’s Directorate of Aerospace Design (DAD) participated in the expo alongside various startups. Click here to read more. - Which organisation has recently (in September ‘24) approved the National Test House (NTH) at Ghaziabad (Uttar Pradesh) as a Certification Body for Type certification of drones?
1) Quality Council of India
2) Bureau of Indian Standards
3) Associated Chambers of Commerce and Industry of India
4) National Accreditation Board for Certification Bodies
5) Indian Standards InstitutionAnswer-1) Quality Council of India
Explanation:
The National Test House (NTH), North Region (NR), Ghaziabad, Uttar Pradesh (UP), has been provisionally approved by the Quality Council of India (QCI) as a Certification Body for Type certification of drones or Unmanned Aircraft Systems (UAS) under the Certification Scheme for UAS. The National Test House becomes the 1st Government Body to Certify Drones in India.
NTH offers drone certification services at a competitive fee of Rs 1.5 lakh, the lowest in the industry, supporting India’s “Make in India” and “Aatmanirbhar Bharat” (Self-reliant India) initiatives.
NTH, established in 1912, is under the Ministry of Consumer Affairs, Food and Public Distribution (MOCA, F&PD).
QCI is an autonomous organization under the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry (MoC&I). - Which ministry has recently (in September ‘24) relaxed norms for expenditure exceeding Rs 500 crore to boost the capital expenditure (capex) that is estimated at Rs 11.11 lakh crore for the Financial Year 2024-25 (FY25)?
1) Ministry of Parliamentary Affairs
2) Ministry of Housing and Urban Affairs
3) Ministry of Home Affairs
4) Ministry of Finance
5) Ministry of Statistics and Programme ImplementationAnswer-4) Ministry of Finance
Explanation:
The Union Ministry of Finance (MoF) has relaxed norms for expenditure exceeding Rs 500 crore in order to accelerate the capital expenditure (capex) that is estimated at Rs 11.11 lakh crore for the Financial Year 2024-25 (FY25).
This will give a boost to the government spending which suffered a slowdown in early months of FY25 due to general elections.
The relaxation allowed is subject to strict compliance by all ministries and departments.
Bulk expenditures items having value of more than Rs 2,000 crore were to be timed during the 2nd fortnight in the last month of quarter to avail of direct tax receipts inflow. Now such conditions have been waived off as per the new rules. - In September 2024, the Reserve Bank of India (RBI) clarified that Overseas Citizens of India (OCI) cardholders are now eligible for __________ (loan) from Indian banks, as long as they are residing in India.
1) Personal Loan
2) Education Loan
3) Policy Loan
4) Business Loan
5) Home LoanAnswer- 2) Education Loan
Explanation:
The Reserve Bank of India (RBI) has clarified that Overseas Citizens of India (OCI) cardholders are now eligible for education loans from Indian banks to study abroad, provided they are residing in India.
It has also clarified that the Liberalised Remittance Scheme (LRS) imposes no restriction on the remittance of domestically borrowed funds for present account transactions, including those for education purposes.
As per existing provisions of LRS, all resident individuals, including minors, are permitted to freely remit a maximum USD 250,000 per financial year (April-March) for any permissible current or capital account transaction or a combination of both.
The loan will cover various expenses related to education abroad such as: tuition fees, accommodation, travel, among others.
At present, some of the leading Indian banks like: State Bank of India (SBI), HDFC Bank Limited, ICICI Bank Limited, among others, are providing education loan services to residents of OCI. - Name the Indian Cricketer who has recently (in September ‘24) onboard as Brand Ambassador of Shriram Finance Limited.
1) Rahul Sharad Dravid
2) Gautam Gambhir
3) Virat Kohli
4) Shikhar Dhawan
5) Sunil GavaskarAnswer- 1) Rahul Sharad Dravid
Explanation:
Mumbai (Maharashtra) based Shriram Finance Limited, the flagship company of the Shriram Group has announced the onboarding of Rahul Sharad Dravid, former captain and head coach of the Indian cricket team, as its brand ambassador.
Rahul Sharad Dravid has been honoured with the Arjuna Award by the Government of India (GoI) in 1998 for achievements in cricket, Padma Shri in 2004 and Padma Bhushan in 2013. - Which organisation partnered with the Indian Navy (IN) has recently (in September ‘24) conducted the 2nd consecutive flight test of the Vertical Launch Short Range Surface to Air Missile (VLSRSAM)?
1) Bharat Dynamics Limited
2) Defence Research & Development Organisation
3) Adani Defence and Aerospace
4) Flying Wedge Defence and Aerospace Technologies
5) Mahindra Defence Systems LimitedAnswer-2) Defence Research & Development Organisation
Explanation:
On 13th September 2024, the Defence Research & Development Organisation (DRDO) and the Indian Navy (IN) successfully conducted the 2nd consecutive flight test of the Vertical Launch Short Range Surface to Air Missile (VLSRSAM), a ship-borne weapon system from the Integrated Test Range (ITR) in Chandipur, off the coast of Odisha.
Developed by DRDO, VLSRSAM intercepted a high-speed aerial target at a very low altitude, simulating a sea-skimming threat, showcasing its precision and capability.
This test followed a similar successful flight on September 12, 2024, where the missile effectively neutralized a low-altitude target.
DRDO successfully completed the first phase of developmental field firing trials for India’s indigenous light tank, ‘Zorawar.’ It was tested in desert terrain, demonstrating exceptional performance during preliminary automotive trials.
The initial phase focused on testing the tank’s firing capabilities, achieving the required accuracy on designated targets. - Name the state-of-the-art Kalvari Submarine Escape Training Facility that was recently (in September ‘24) commissioned by the Indian Navy (IN) at (Indian Naval Ship) INS Satavahana, Visakhapatnam, Andhra Pradesh (AP).
1) Arighaat
2) Dega
3) Triput
4) Vinetra
5) MAITRIAnswer-4) Vinetra
Explanation:
The Indian Navy (IN) has commissioned a state-of-the-art Kalvari Submarine Escape Training Facility, named ‘Vinetra,’ at INS (Indian Naval Ship) Satavahana, Visakhapatnam, Andhra Pradesh (AP). It is designed to enhance the crew’s escape capabilities from distressed Kalvari-class submarines.
It was inaugurated by Vice Admiral Rajesh Pendharkar, Flag Officer Commanding-in-Chief (FOC-in-C), Eastern Naval Command in Visakhapatnam, AP.
The facility “Vinetra” (विनेत्र), meaning “Trainer” represents a significant step forward in building confidence among submariner.
Vinetra, indigenously designed and developed on the lines of Atma Nirbhar Bharat initiative, is built by Larsen & Toubro Ltd (L&T) Defence featuring a five-meter escape tower integrated with a diving basin.
INS Kalvari, commissioned in 2017, was the first of the class, followed by other submarines like INS Khanderi, INS Karanj, INS Vela, INS Vagir, and INS Vagsheer. - When was the National Engineer’s Day observed across India to commemorate the birth anniversary of Bharat Ratna Sir Mokshagundam Visvesvarayaan?
1) September 15
2) August 10
3) July 2
4) June 9
5) August 14Answer-1) September 15
Explanation:
National Engineer’s Day is annually observed across India on September 15 to commemorate the birth anniversary of Bharat Ratna Sir Mokshagundam Visvesvarayaan, who is known as the first engineer of India for his vital contribution to the field of engineering and education.
This day recognises the achievements and invaluable contributions of engineers across India.
The Government of India (GoI) declared the birth anniversary of Sir Mokshagundam Visvesvaraya as National Engineers’ Day in 1968.
The first-ever National Engineers’ Day was celebrated on 15th September 1968.
In 1955, the GoI honoured Mokshagundam Visvesvaraya with Bharat Ratna for his significant contributions in the field of engineering and for his service to India. Click here to read more. - Who has recently (in September ‘24) inaugurated the SEMICON India 2024 at India Expo Mart in Greater Noida, Uttar Pradesh?
1) Narendra Modi
2) Droupadi Murmu
3) Ashwini Vaishnaw
4) Jagdeep Dhankhar
5) Amit ShahAnswer- 1) Narendra Modi
Explanation:
On September 11 2024, Prime Minister (PM) Narendra Modi inaugurated SEMICON India 2024 at India Expo Mart in Greater Noida, Uttar Pradesh (UP). The 3-day conference was organised by India Semiconductor Mission (ISM) in partnership with SEMI and industry associations.
Theme of SEMICON India 2024 is ‘Shaping the Semiconductor Future’.
The conference has demonstrated India’s semiconductor strategy and policy which aims to make India a global hub for semiconductors.
PM informed that GoI aimed to increase India’s electronics sector now valued at over USD 150 billion to USD 500 billion and to create 6 million jobs by the end of this decade.
He highlighted India has been chosen as Vice Chair of the Indo-Pacific Economic Framework (IPEF)’s Supply Chain Council and is a key partner in the QUAD Semiconductor Supply Chain initiative.
India has signed various agreements with countries like Japan and Singapore and also India is strengthening its cooperation with the United States of America (USA) in the semiconductor sector.
SEMI, the global industry association that connects the semiconductor and electronic design and manufacturing value chain, has announced a strategic agreement with its peer India Electronics and Semiconductor Association (IESA), India’s premier industry body for ESDM & Intelligent Electronics on the sidelines of SEMICON India 2024.Click here to read more.
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