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- Which of the following points is/are correct with respect to the approval of the Union Cabinet chaired by Prime Minister Narendra Modi on 16th October 2024?
A) The Union Cabinet has approved a 5% increase in Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners.
B)The Varanasi-Pt.Deen Dayal Upadhyaya multi-tracking project of the Ministry of Railways with an estimated cost of Rs 2642 crore has been approved.
C)The continuation of the Pradhan Mantri Annadata Aay SanraksHan Abhiyan (PM-AASHA) to provide fair prices for farmers and monitor price fluctuations in essential commodities for consumers has been approved.
1) Only A & B
2) Only A & C
3) Only B & C
4) Only C
5) All A, B & CAnswer-3) Only B & C
Explanation:
The Union Cabinet chaired by Prime Minister (PM) Narendra Modi has approved various schemes and projects on 16th October 2024.
The Union Cabinet has approved a 3% increase in Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners, with effect from 1st July 2024.
The Varanasi-Pt.Deen Dayal Upadhyaya multi-tracking project of the Ministry of Railways with an estimated cost of Rs 2642 crore has been approved.
The continuation of the Pradhan Mantri Annadata Aay SanraksHan Abhiyan (PM-AASHA) to provide fair prices for farmers and monitor price fluctuations in essential commodities for consumers has been approved.
The Cabinet Committee on Economic Affairs (CCEA) has approved the increase in the Minimum Support Prices (MSP) for all mandated Rabi Crops for Marketing Season 2025-26. Click here to read more. - Which organisation/ministry has recently (in October’ 24) released the report ‘The All India Rural Financial Inclusion Survey for 2021-22’?
1) National Bank for Agriculture and Rural Development
2) NITI Aayog
3) National Sample Survey Office
4) Ministry of Finance
5) Ministry of Rural DevelopmentAnswer-1) National Bank for Agriculture and Rural Development
Explanation:
On 9th October 2024, the National Bank for Agriculture and Rural Development (NABARD) has released the results of its 2nd ‘NABARD All India Rural Financial Inclusion Survey (NAFIS) for 2021-22’, which provides primary data based on a survey of 1 lakh rural households, covering various economic and financial aspects in the post-COVID period.
The key findings of NAFIS 2021-22 provides deep insights on how rural economic and financial indicators have evolved since 2016-17.
The inaugural NAFIS was conducted by NABARD for the agricultural year (July-June) 2016-17, and was released in August 2018.
It is a national-level survey conducted by the Department of Economic Analysis & Research (DEAR), NABARD based in Mumbai(Maharashtra).
It provides a comprehensive overview of the status of rural population in terms of two different, yet interconnected themes i.e. livelihood and financial inclusion. Click here to read more. - Which Central Public Sector Enterprises (CPSE) has recently (in October’ 24) upgraded as the 14th Maharatna CPSE by the Ministry of Finance?
1) Rural Electrification Corporation Limited
2) Hindustan Aeronautics Limited
3) Railtel Corporation of India Limited
4) Satluj Jal Vidyut Nigam Limited
5) Oil & Natural Gas Corporation LimitedAnswer-2) Hindustan Aeronautics Limited
Explanation:
On 12th October 2024, the Department of Enterprise (DPE) under the Ministry of Finance (MoF) upgraded the status of Hindustan Aeronautics Limited (HAL) from “Navratna” Central Public Sector Enterprises (CPSE) to the “Maharatna”. With this, HAL becomes the 14th “Maharatna” CPSE in India.
The new status will enhance HAL’s operational autonomy and financial powers as now; it can make investments up to 15% of its net worth in projects and can invest maximum Rs 5,000 crore in foreign ventures without the approval of the Government of India (GoI).
The Ministry of Defence (MoD) signed a contract worth Rs 26,000 crore with HAL for procurement of 240 AL-31FP Aero Engines for Su-30MKI aircraft of the Indian Air Force (IAF).
Initially, the Government of India (GoI) introduced the “Navratna” scheme in 1997 to identify and promote CPSEs in India and help them in becoming global leaders.
Later, GoI introduced the “Maharatna” scheme in 2010, to recognise companies with their potential to become Indian Multinational Companies (MNCs). Click here to read more. - Which state has recently (in October ‘24) received the approval from the Cabinet Committee on Security (CCS) to establish a new missile testing range?
1) Odisha
2) Rajasthan
3) West Bengal
4) Andhra Pradesh
5) KarnatakaAnswer-4) Andhra Pradesh
Explanation:
The Cabinet Committee on Security (CCS) chaired by Prime Minister (PM) Narendra Modi had given its approval to establish a new missile testing range in Nagayalanka village, Krishna district in Andhra Pradesh (AP).
The new missile testing range will be used for test firing of various tactical missile systems such as: surface-to-air missile systems, anti tank missiles, among others being developed by the Defence Research and Development Organisation (DRDO).
CCS had also approved the proposal of purchasing 31 Predator long-endurance armed drones from the United States of America (USA) and two nuclear submarines to be built by ATV Project India Limited for developing strategic submarines for the Indian Navy (IN).
India signed an agreement worth USD 4 billion with the United States of America(USA) to acquire 31 MQ-9B Predator high-altitude, long-endurance drones from the USA based General Atomics, under the foreign military sales programme. Click here to read more. - Which sanctuary has been recently (in October 2024) declared as the 8th Tiger Reserve of Madhya Pradesh?
1) Ratapani Wildlife Sanctuary
2) Mookambika Wildlife Sanctuary
3) Nanjarayan Bird Sanctuary
4) Tamor Pingla sanctuary
5) Bandhavgarh Tiger ReserveAnswer-1) Ratapani Wildlife Sanctuary
Explanation:
The State Wildlife Board (WLB) of Madhya Pradesh (MP) has accorded approval to declare Ratapani Wildlife Sanctuary (WLS) located near Bhopal, capital city of MP, as 8th Tiger Reserve (TR) of MP.
The state WLB will now forward its recommendation to the Government of India (GoI) for the final approval to notify the WLS as the TR.
In 2011, the National Tiger Conservation Authority (NTCA) had given in-principle approval to notify Ratapani WLS as a TR.
At present, Ratapani WLS spans over an area of 823 sq km in Raisen and Sehore districts of MP.
According to the 2022 Tiger Census, Ratapani WLS has a total of 3,123 wild animals which include 56 tigers, and 70 leopards. - Which company has recently (in October 2024) signed a Business to Business (B2B) Framework Agreement with Nepal Oil Corporation (NOC) for the development of petroleum infrastructure in Nepal?
1) Oil and Natural Gas Corporation Limited
2) Oil India Limited
3) Bharat Petroleum Corporation Limited
4) Indian Oil Corporation Limited
5) Hindustan Petroleum Corporation LimitedAnswer-4) Indian Oil Corporation Limited
Explanation:
On 3rd October 2024, Indian Oil Corporation Limited (IOCL) and Nepal Oil Corporation (NOC) signed a Business to Business (B2B) Framework Agreement for the development of petroleum infrastructure in Nepal with a total investment of around Rs.15 billion.
A 50-kilometer petroleum pipeline will be constructed from Siliguri in India to Charali in Jhapa, Nepal.
A modern terminal with a storage capacity of 91,900 kiloliters will be developed at Lothar.
This collaboration is based on a Government-to-Government (G2G) Memorandum of Understanding (MoU) signed in May 2023 between India’s MoP&NG and Nepal’s Ministry of Industry, Commerce and Supplies. - Which organisation has recently (in October ‘24) released the “Renewable Energy and Jobs Annual Review 2024” in collaboration with International Labour Organisation (ILO)?
1) Indian Renewable Energy Development Agency Limited
2) International Energy Agency
3) International Renewable Energy Agency
4) Suzlon Group
5) National Solar Energy Federation of IndiaAnswer-3) International Renewable Energy Agency
Explanation:
According to the report titled “Renewable Energy and Jobs Annual Review 2024” released by the International Renewable Energy Agency (IRENA) in collaboration with the International Labour Organisation (ILO), 347 GigaWatts (GW) of photovoltaic (PV) capacity were added to power generation globally in 2023. This marks an increase of 74% compared to 2022.
This makes the year 2023 as a record-breaking year for solar power generation.
As per the report, China constituted 63% (216.9 GW) of the new PV capacities added in the year 2023.
2023 witnessed the largest ever increase in jobs in the renewable energy (RE) sector i.e. from 13.7 million (in 2022) to 16.2 million (in 2023).
After Solar PV, Liquid Biofuels with 2.8 million jobs, emerged as the 2nd largest employer in the RE sector globally in 2023, followed by Hydropower (2.3 million) and Wind Power sector (1.5 million).
India has employed about 3,18,600 people in the solar PV sector, including both on-grid and off-grid systems. Click here to read more. - Name the fund that was recently (in October ‘24) launched by Tata Asset Management Company (AMC) to track the performance of selected companies from the Nifty 500 Index.
1) Tata Nifty India Tourism Index Fund
2) Motilal Oswal Nifty 500 Momentum 50 Index Fund
3) Tata Nifty Capital Markets Index Fund
4) AXIS CRISIL-IBX AAA NBFC Index–Jun 2027 Fund
5) Motilal Oswal Nifty India Defence Index FundAnswer-3) Tata Nifty Capital Markets Index Fund
Explanation:
Tata Asset Management Company (AMC) has launched the “Tata Nifty Capital Markets Index Fund”, India’s 1st index fund to invest in companies from the Nifty Capital Markets Index to track the performance of selected companies from the Nifty 500 Index.
The fund will invest in a maximum of 20 stocks from the Nifty 500 Index, representing various capital markets businesses such as financial services, asset management firms, exchanges, stockbroking companies, depositories, and clearing houses.
New Fund Offer (NFO) of Tata Nifty Capital Markets Index Fund will run from 7th to 21st October 2024. It will reopen for subscription on or before 30th October 2024.
The minimum investment is Rs.5000 in multiples of Rs.1 and an exit load of 0.25% of the applicable Net Asset Value (NAV) will be charged if units are redeemed within 15 days of allotment. - Which company has been recently (in October ‘24) awarded the prestigious Mahatma Award 2024 under the ‘CSR Excellence and Social Impact’ category?
1) CEAT Tyres
2) Apollo Tyres
3) MRF Limited
4) Bridgestone
5) JK Tyre & IndustriesAnswer-5) JK Tyre & Industries
Explanation:
JK Tyre & Industries, India’s leading tyre manufacturer has been awarded the prestigious Mahatma Award 2024 under the ‘CSR Excellence and Social Impact’ category at the ceremony held in New Delhi on the eve of Mahatma Gandhi’s 155th birthday.
The company has made a significant impact on people’s lives through its dedicated efforts toward sustainable development and community building.
JK Tyre provides a number of initiatives focused on water conservation, healthcare, education, and the environment and also adult literacy programs, the adoption of Industrial Training Institutes (ITIs), skill development initiatives, assistance for self-help groups, and healthcare for children and women. - When is World Day Against the Death Penalty annually observed across the globe?
1) September 12
2) October 10
3) August 9
4) July 11
5) June 19Answer-2) October 10
Explanation:
World Day Against the Death Penalty is annually observed across the globe on October 10th to raise awareness about the death penalty and to demand its abolition.
The theme of World Day Against the Death Penalty 2024 is “Death Penalty and Safety”.
The first-ever World Day Against the Death Penalty was observed in 2003.
According to the Amnesty International global report titled ‘Death sentences and executions in 2023’, 112 countries have abolished the death penalty for all crimes, while 9 countries have abolished the death penalty for ordinary crimes only and 23 countries haven’t carried out an execution in the last 10 years.
55 countries (including India) have retained the practice of executing the death penalty.
At the end of 2023, 120 death sentences were imposed by trial courts and 561 prisoners were living under a sentence of death in India. Click here to read more.
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