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- Which Indian ministry has successfully hosted the 46th Antarctic Treaty Consultative Meeting (ATCM-46) and the 26th Committee on Environmental Protection (CEP-26) from 20th to 30th May 2024 in Kochi, Kerala?
1) Ministry of Tourism
2) Ministry of External Affairs
3) Ministry of Earth Sciences
4) Ministry of Science and Technology
5) Ministry of Environment, Forest and Climate ChangeAnswer-3) Ministry of Earth Sciences
Explanation:
India has successfully hosted the 46th Antarctic Treaty Consultative Meeting (ATCM-46) and the 26th Committee on Environmental Protection (CEP-26) from 20th to 30th May 2024 in Kochi, Kerala.
• ATCM-46 was held under the theme “Vasudhaiva Kutumbakam” (A Sanskrit phrase which means ‘one Earth, one family, one future’).
• CEP-26 focused on a wide range of challenges and contributed to implementing the Environmental Protocol in Antarctica.
• ATCM-46 and CEP-26 were hosted by the Ministry of Earth Sciences(MoES), Government of India, through the National Centre for Polar and Ocean Research (NCPOR), Goa, with support from the Antarctic Treaty Secretariat.
• During the event, a customised “MyStamp” featuring the logo of ATCM-46 was released in collaboration with India Post.
• During the event, Union Minister Kiren Rijiju announced India’s plan to set up an Antarctic research station, Maitri-II.Click here to read more - The Reserve Bank of India’s (RBI) Annual Report 2023–24 has projected India’s GDP growth for 2024–25 at 7%.
As per the RBI Annual Report 2023–24, its income was ____________ for FY24.
1) Rs 1,85,142.18 crore
2) Rs 2,75,572.32 crore
3) Rs 1,62,032.08 crore
4) Rs 2,10,874 crore
5) Rs 1,48,037.04 croreAnswer-2) Rs 2,75,572.32 crore
Explanation:
The Reserve Bank of India’s (RBI) Annual Report 2023-24 has been released and presented to the Central Government under the Section 53 (2) of the Reserve Bank of India Act,1934.
• RBI in its Annual Report has showed that the Indian economy is likely to grow at 7 percent for 2024-25. This will be the third successive year of 7 per cent or above growth.
• The RBI Annual report indicated a 17% increase in FY24 income to Rs 2,75,572.32 crore.Expenditure on the other hand, declined by 56.3% to Rs.64,694.33 crore from ₹1,48,037.04 crore in FY2023.
• RBI’s Annual report showed a rise in the net income of 2.11 lakh crore (17 percent) in the financial year 2024 as compared to Rs 87,420 crore in FY23.
• RBI allowed persons resident outside India (PROIs) to open rupee accounts as part of its 2024-25 agenda for globalising the domestic currency. This will allow Indian banks to lend in rupees to the PROIs. Click here to read more - In May 2024, the Reserve Bank of India (RBI) moved 100 Metric Tonnes (MT) or 1 lakh kg of gold stored in the __________ (country)to domestic vaults in FY24.
1) Germany
2) United States of America
3) United Kingdom
4) Switzerland
5) FranceAnswer-3) United Kingdom
Explanation:
i.The Reserve Bank of India (RBI) has moved 100 Metric Tonnes (MT) or 1 Lakh kg of gold stored in the United Kingdom (UK) to domestic vaults in FY24, which marks a significant shift in gold storage.
• It marks the first time since 1991 that India has moved such a heavy scale of gold.
• More than half of the RBI’s gold holdings are kept in safe custody with the Bank of International Settlements (BIS) and the Bank of England (BoE).
• India’s overall gold holdings increased 27.46 MT in FY24 and it stands at 822.1 MT of which 413.8 tonnes stored overseas as of March 2024.
ii.TheReserve Bank of India (RBI) has imposed a monetary penalty of Rs 88.70 lakh on SBM Bank (India), a subsidiary of the State Bank of Mauritius (SBM) for non-compliance with certain regulatory norms. - Which company has recently (in May ‘24) launched its finance app in beta version for daily finances and digital banking?
1) Tata Motors Finance
2) Muthoot Finance Limited
3) Piramal Capital and Housing Finance
4) Jio Financial Services
5) Aditya Birla Finance LimitedAnswer-4) Jio Financial Services
Explanation:
Jio Financial Services, the financial services arm of Reliance Industries Limited (RIL), launched its JioFinance app in beta mode, to offer a cutting-edge platform for daily finances and digital banking. This app integrates digital banking, Unified Payments Interface (UPI) transactions, bill settlements, and insurance advisory.
• It also offers a consolidated view of accounts and savings, all within an intuitive and user-friendly interface. - In May 2024, Moody’s Ratings projected India’s Gross Domestic Product (GDP) to grow by 6.8% in 2024 and __________ in 2025.
1) 6.2%
2) 6.5%
3) 6.4%
4) 6.3%
5) 6.8%Answer-2) 6.5%
Explanation:
Moody’s Ratings’ Global Macro Outlook 2024-25 (May 2024 update) has projected India’s Gross Domestic Product (GDP) to grow by 6.8% in 2024 followed by 6.5% in 2025, attributing to strong economic expansion and post-election policy continuity.
• Moody’s anticipates that Indian economy should register 6-7% annual real GDP growth.
• India’s real GDP surged to 7.7% in 2023 (up from 6.5% in 2022), driven by robust government capital spending and manufacturing activity.
• Despite sporadic food price pressures, inflation eases to 4.8% (headline) and 3.2% (core) in April 2024. - In May 2024, Adani International Ports Holdings Private Limited (AIPH) signed a 30-year concession agreement to operate and manage Container Terminal 2 (CT2) at Dar es Salaam Port in ____________.
1) Mauritius
2) Iran
3) Myanmar
4) Tanzania
5) Sri LankaAnswer-4) Tanzania
Explanation:
Adani International Ports Holdings Private Limited (AIPH) has signed a 30-year concession agreement with the Tanzania Ports Authority (TPA) to operate and manage Container Terminal 2 (CT2) at Dar es Salaam Port, Tanzania.
• Dar es Salaam Port is a gateway port with a well connected network of roadways and railways.
• With four berths, the CT2 can handle 1 million Twenty-foot Equivalent Unit (TEU) of cargo annually and it handled 0.82 million TEU of containers in 2023, estimated to be 83% of Tanzania’s total container volumes. - Which company has recently(in May ‘24) increased its stake in PI Industries Limited from 4.95% to 5.00%?
1) Adani Group
2) Reliance Industries Limited
3) Life Insurance Corporation of India
4) Larsen & Toubro
5) Vedanta LimitedAnswer-3) Life Insurance Corporation of India
Explanation:
Life Insurance Corporation of India (LIC) of India has increased its stake in an agrochemical firm PI Industries Limited from 4.95% (75,19,910) to 5.00% (75,91,910)equity shares of the paid capital.
• The investment holding was increased with a share price at Rs 3,551.15 per share.
• The LIC was trading at Rs. 1012.70 (as of May 31 2024) which is 2.01% higher as compared to the previous closing price of Rs. 992.75. - Name the multi-mission communication satellite that has recently (in May ‘24) launched at the Xichang Satellite Launch Center in China using a Long March-3B carrier rocket.
1) XPOSAT
2) PakSat-MM1
3) Pars-1
4) Mahda
5) LignoSatAnswer-2) PakSat-MM1
Explanation:
On 30th May 2024, China successfully launched Pakistan’s multi-mission communication satellite, named PakSAT-MM1, from the Xichang Satellite Launch Center in China’s southwestern province of Sichuan using a Long March-3B carrier rocket.
• PakSAT-MM1, a part of Pakistan’s National Space Programme 2047, aims to enhance internet services across Pakistan.
• The satellite is set to start providing services in August 2024.
• PakSAT-MM1 was developed by China Academy of Space Technology (CAST), a subsidiary of China Aerospace Science and Technology Corporation (CASC).
• This is a collaborative effort between Space and Upper Atmosphere Research Commission (SUPARCO), Pakistan’s Space agency, and the Chinese aerospace industry. - In May 2024, the Boxing Federation of India (BFI) became a member of ________.
1) Indian Olympic Association
2) International Boxing Association
3) World Boxing
4) National Sports Federation of India
5) World AthleticsAnswer-3) World Boxing
Explanation:
The Boxing Federation of India (BFI) has parted ways with the suspended International Boxing Association (IBA) and became a member of World Boxing with the aim to reduce the threat to boxing’s Olympic future.
• The decision was taken after the International Olympic Committee (IOC) warned the national federation to leave boxing out of the 2028 Los Angeles Olympics if they continued to be a part of the International Boxing Association (IBA).
• The IOC had de-recognised the IBA in 2019 due to continuous financial, sports integrity, and governance issues. - When was the United Nations (UN)’s Global Day of Parents observed across the globe?
1) April 25
2) June 1
3) April 12
4) March 18
5) June 4Answer-2) June 1
Explanation:
The United Nations (UN)’s Global Day of Parents 2024 was observed across the globe on 1st June, to honor and appreciate all parents throughout the world for their selfless commitment to children and acknowledge their lifelong sacrifice in nurturing their relationship.
• The Global Day of Parents recognizes the primary responsibility of the family for the nurturing and protection of children.
• The theme of Global Day of Parents 2024 is “The Promise of Playful Parenting”.
• The first-ever Global Day of Parents was observed on 1st June 2013.
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