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- Which of the following points is/are ‘correct’ with respect to the Prime Minister (PM) Narendra Modi’s visit to Madhya Pradesh (MP) on 25th December 2024 on the occasion of the 100th birth anniversary of former PM Atal Bihari Vajpayee?
A) PM Modi laid the foundation stone of Ken-Betwa River Link Project (KLBP), in Khajuraho, Madhya Pradesh.
B) He inaugurated the Omkareshwar Floating Solar Project established at Omkareshwar in the Khandwa district of Madhya Pradesh.
C) He released a Rs.100 commemorative coin and stamp to honor and celebrate the 100th birth anniversary of former PM Shri Atal Bihari Vajpayee.
1) Only A & B
2) Only A & C
3) Only B & C
4) Only C
5) All A, B & CAnswer-5) All A, B & C
Explanation:
Prime Minister (PM) Narendra Modi visited Madhya Pradesh (MP) on 25th December 2024 on the occasion of the 100th birth anniversary of former PM Atal Bihari Vajpayee inaugurated and laid the foundation stone of various projects.
PM Modi laid the foundation stone of Ken-Betwa River Link Project (KLBP), in Khajuraho, Madhya Pradesh on 25th December 2024.
The Union Cabinet had approved Rs 44,605 crore for the KBLP project in December 2021.
The Ken-Betwa Link Canal will have a length of 221 km including a 2-km tunnel which will transfer water from the Ken River to the Betwa river, both tributaries of the Yamuna.
PM Modi inaugurated the Omkareshwar Floating Solar Project established at Omkareshwar in the Khandwa district of Madhya Pradesh.
The project is aimed to reduce carbon emissions and contribute to the Government’s mission of net zero carbon emissions by 2070.
Atal Gram Sushasan buildings will play an important role in the practical application of work, better administrative functions and efficient conduct of responsibilities of Gram Panchayats for good governance at the local level.
PM Modi released Rs.100 commemorative coin and stamp to honor and celebrate the 100th birth anniversary of former PM Shri Atal Bihari Vajpayee. Click here to read more. - In December 2024, Masali village in Banaskantha district, Gujarat, has become India’s first _______________________ aimed at achieving self-reliance in the energy sector and to fulfil the goal of a sustainable future by using renewable energy.
1) Border Solar Village
2) Bio-Energy Village
3) Modern Village
4) Green Energy Village
5) Renewable Power VillageAnswer-1) Border Solar Village
Explanation:
Masali village in Banaskantha district, Gujarat, has become India’s first border solar village,contributing to India’s solar energy program aimed at achieving self-reliance in the energy sector and to fulfil the goal of a sustainable future by using renewable energy.
Masali is one of 17 villages of Banaskantha district under the Border Area Development Programme (BADP) ,Centrally Sponsored Scheme (CSS) .
It has been transformed into a solar-powered community through the efforts of the Revenue Department, Uttar Gujarat Vij Company Limited, banks, and solar companies.
The project, with a total cost of Rs 1.16 crore, is funded by a Rs 59.81 lakh subsidy under the Pradhan Mantri Surya Ghar Muft Bijli Yojana, along with Rs 20.52 lakh in public contributions and Rs 35.67 lakh in Corporate Social Responsibility (CSR) support.
The scheme, launched in February 2024, aims to provide free electricity to one crore households in India that install rooftop solar units, offering 300 units of free electricity per month.
The scheme has an outlay of Rs 75,021 crore and is to be implemented till FY 2026-27. The scheme will be implemented by a National programme Implementation Agency (NPIA) at the National level and by the State Implementation Agencies (SIAs) at the state level. - Which of the following points is/are ‘correct’ with respect to the Annual Report 2023-24 of the Insurance Regulatory and Development Authority of India (IRDAI)?
A) India’s overall insurance penetration (the ratio of annual premiums to Gross Domestic Product (GDP)) declined for the 2nd consecutive year i.e. to 3.7% during FY24 from 4% in FY23.
B) The report claims ratio(the net incurred claims to net earned premium) of the non-life insurance industry declined to 82.52% for the Financial Year 2023-24(FY24), compared to 82.95% in FY23.
C) The report highlighted that the contribution of public sector general insurers have increased to Rs 90,252 crore in FY24 by 6.66%.
1) Only A & B
2) Only A & C
3) Only B & C
4) Only C
5) All A, B & CAnswer-1) Only A & B
Explanation:
According to the Annual Report 2023-24 of the Insurance Regulatory and Development Authority of India (IRDAI), claims ratio(the net incurred claims to net earned premium) of non-life insurance industry declined to 82.52% for the Financial Year 2023-24(FY24), compared to 82.95% in FY23.
The report showed that India’s overall insurance penetration (the ratio of annual premiums to Gross Domestic Product (GDP))declined for the 2nd consecutive year i.e. to 3.7% during FY24 from 4% in FY23.
The report highlighted that the contribution of public sector general insurers have increased by 8.88%, from Rs 82,891 crore in FY23 to Rs 90,252 crore in FY24.
The report showed that the non-life insurance sector underwrote a total direct premium of Rs 2.90 lakh crore in India during FY24, registering a growth of 12.76% from preceding year.
The report showed that the combined net profit of the non-life insurance sector was Rs 10,119 crore in FY24 as against a net loss of Rs 2,566 crore in FY23.
The report highlighted that the life insurance paid total benefits of Rs 5.77 trillion in FY24, accounting 70.22% of the net premium.
The report revealed that total premiums across all insurance categories reached Rs 11.19 trillion in FY24. Click here to read more. - Which organisation has recently (in December ‘24) released the revised framework for setting up and operating of International Trade Financing Services (ITFS) platforms in GIFT-IFSC, Gandhinagar (Gujarat)?
1) Indian Banks’ Association
2) Reserve Bank of India
3) Securities and Exchange Board of India
4) International Financial Services Centres Authority
5) Insurance Regulatory and Development Authority of IndiaAnswer- 4) International Financial Services Centres Authority
Explanation:
In December 2024, the International Financial Services Centres Authority (IFSCA) has released the revised framework for the setting up and operating of International Trade Financing Services (ITFS) platforms in Gujarat International Finance Tec-City- International Financial Services Centre (GIFT-IFSC), Gandhinagar (Gujarat).
This move of allowing ITFS to operate in IFSC will help in bridging the financing gap for exporters and importers both in India and globally.
The new framework has rationalized the net worth requirements and allowed the overseas companies to factor the receivables.
The new framework has introduced a procedure for grant of provisional registration, a process involved in refusal, revocation or surrender of registration. Also, the process of registration for eligible entities can be done through an “on-tap” basis.
ITFS platforms can now provide clearing and settlement of funds by registering themselves as payment system operators under the IFSCA (Payment and Settlement Systems) Regulations, 2024.
Now, the revised framework has expanded the scope of eligible financiers, by including factors registered under the Factoring Registration Act, 2011, and finance companies/units registered in IFSC allowed by the authority to undertake lending or factoring activities.
IFSCA has clarified that though the list of financiers eligible to participate on the platform has been expanded, it is ensured these financiers are incorporated in a Financial Action Task Force (FATF) compliant jurisdiction and they have requisite experience of managing assets worth USD 5 million. Click here to read more. - Which bank has recently (in December ‘24) signed a Memorandum of Understanding (MoU) to enhance agricultural infrastructure and cold chain development across India?
1) Bank of Baroda
2) Central Bank of India
3) State Bank of India
4) Punjab National Bank
5) Indian Overseas BankAnswer- 4) Punjab National Bank
Explanation:
Public sector lender Punjab National Bank (PNB), New Delhi(Delhi) and Federation of Cold Storage Associations of India (FCAOI) signed a Memorandum of Understanding (MoU) to enhance agricultural infrastructure and cold chain development across India.
The agreement marks a significant progress in promoting innovation, upgrading agricultural infrastructure, and ensuring farmers and agribusinesses have access to effective storage and cold chain solutions.
Modern storage infrastructure will help transform Indian agriculture by improving cold storage facilities, reducing post-harvest losses, and ensuring better prices for farmers, which in turn will boost economic growth in rural areas. - In December 2024, the National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI) released the results of ‘Annual Survey of Unincorporated Sector Enterprises (ASUSE) for 2023-24’.
The number of new establishments in the unincorporated non-agricultural sector has increased from 5.34 million during 2022-23 to _______________ in 2023-24.
1) 6.52 million
2) 7.63 million
3) 8.35 million
4) 9.27 million
5) 10.14 millionAnswer-3) 8.35 million
Explanation:
In December 2024, the National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI) released the results of ‘Annual Survey of Unincorporated Sector Enterprises (ASUSE) for 2023-24’. The report has covered the time period from October 2023 to September 2024.
As per the report, fresh new employment creation in the unincorporated non-agricultural sector slowed in October 2023 to September 2024 period, with additional job generation declining to 10.97 million compared to 11.74 million in October 2022- September 2023.
The number of new establishments in the unincorporated non-agricultural sector has increased from 5.34 million during 2022-23 to 8.35 million in 2023-24.
The report highlighted that the total number of unincorporated establishments increased significantly from 65 million (in 2022-23) to 73.4 million (in 2023-24), registering a growth of 12.84%.
Also, the number of establishments in the “Other Services” sector which includes activities like transportation, communication, real estate and finance, among others, registered a growth of 23.55% followed by a 13% increase recorded by the manufacturing sector.
The number of workers employed in the sector has increased from 109.6 million between October 2022-September 2023 to 120.6 million between October 2023 and September 2024.
The report also showed Gross Value Added (GVA) by the unincorporated non-agricultural sector, increased by 16.52% from Rs 15.42 trillion (in October 2022-September 2023 ) to Rs 17.97 trillion (in October 2023-September 2024).
Also, average emolument per hired worker increased by 13%, to Rs 1.41 lakh in 2023-24 from Rs 1.24 lakh in 2022-23, indicating improvement in wage signals. Click here to read more. - With which organisation Satcom Industry Association India (SIA-India) has recently (in December ‘24) signed a Memorandum of Understanding (MoU) to enhance cooperation in satellite communications and the broader space industry?
1) Kenya Space Agency
2) European Space Agency
3) Japan Aerospace Exploration Agency
4) Ghana Space Science and Technology Institute
5) Ethiopian Space Science and Technology InstituteAnswer-4) Ghana Space Science and Technology Institute
Explanation:
In December 2024, the Satcom Industry Association India (SIA-India), New Delhi(Delhi) signed a Memorandum of Understanding (MoU) with the Ghana Space Science and Technology Institute (GSSTI) to enhance cooperation in satellite communications and the broader space industry.
This collaboration aims to leverage India’s expertise in space technology and enable Ghana to advance its space capabilities.
The MoU emphasizes cooperation in satellite manufacturing, satellite launch services and the development of space applications, which will directly benefit both nations.
India and Ghana will jointly work on satellite projects, ground stations, and space-related tools to unlock new opportunities and foster innovation.
India’s support through programs such as the Pan African eNetwork Project, the Indian Technical and Economic Cooperation (ITEC) Programme and the India-Africa Partnership Fund serves as a foundation for this initiative.
With India-Africa trade reaching USD 90.5 billion in 2022–23, and a goal to scale it to USD 200 billion by 2030, the partnership reflects the evolving synergy between the two regions. - Which country will host the International Shooting Sport Federation (ISSF) Junior World Cup 2025?
1) Bhutan
2) China
3) India
4) Nepal
5) South KoreaAnswer-3) India
Explanation:
India will host the International Shooting Sport Federation (ISSF) Junior World Cup 2025, with the National Rifle Association of India (NRAI), which regulates sports shooting in India, organizing the event.
The ISSF Junior World Cup 2025 will feature competitions in the rifle, pistol, and shotgun categories. Junior World Cup competitions include both Olympic and non-Olympic events.
The upcoming edition, will be the 11th Junior Shooting World Cup, and India will host the competition for the first time.
This will be the third top-tier ISSF event in India in three years. In 2024, New Delhi hosted the season-ending 2024 World Cup Final and Bhopal hosted the senior ISSF World Cup in 2023.
India has hosted six ISSF competitions, including two World Cup Finals and four senior ISSF World Cups, in addition to two continental championships. - Renowned Malayalam writer,filmmaker and Padma Bhushan Awardee MT Vasudevan Nair passed away at the age of 91 in Kozhikode, Kerala.
When did he receive the Padma Bhushan award for literature and education?
1) 2002
2) 2005
3) 2013
4) 2019
5) 2022Answer- 2) 2005
Explanation:
Renowned Malayalam writer, filmmaker and Padma Bhushan Awardee MT Vasudevan Nair(known as MT), passed away at the age of 91 in Kozhikode, Kerala. He was born in 1933 at Kudallur, Kerala.
In 2005, he was awarded the Padma Bhushan, India’s third-highest civilian honour for literature and education.
MT Vasudevan Nair began his career as a sub-editor in the Malayalam weekly ‘Mathrubhumi’ in 1956 and later became its editor in 1968.
He authored 9 novels, 19 collections of short stories and published several collections of essays and memoirs over a career spanning seven decades.
He directed six films, including the evocative Nirmalyam, a Malayalam film, along with two documentaries. He wrote around 54 screenplays and his screenplays have earned four National Awards and 11 State Awards.
His novel Naalukettu (Ancestral Home- translated to English as The Legacy) won the Kerala Sahitya Akademi Award in 1958. He received the Jnanpith Award, India’s highest literary honour in 1995 for his overall contribution to Malayalam literature.
In 2013, he received the J C Daniel Award for lifetime achievement in Malayalam cinema and he was honoured with the inaugural Kerala Jyothi Award, the highest civilian honour from the Kerala government in 2022.
He won the National Film Award for Best Screenplay a record four times, for ‘Oru Vadakkan Veeragatha’ (1989), ‘Kadavu’ (1991), ‘Sadayam’ (1992), and ‘Parinayam’ (1994). - Which of the following points is/are ‘correct’ with respect to the Good Governance Day, also known as ‘Sushasan Diwas’?
A) Good Governance Day, also known as ‘Sushasan Diwas’ in Hindi, is annually observed across India on 24th December to mark the birth anniversary of the former (10th) Prime Minister (PM) Late Atal Bihari Vajpayee.
B) The 4th Good Governance Week (Sushasan Saptah) is celebrated annually from 19th to 25th December.
C) DARPG conducted the “Prashasan Gaon ki Ore Campaign”, India’s largest people-centric campaign for citizen-centric governance.
D) Dr. Jitendra Singh, Union Minister of State for Science and Technology, Earth Sciences launched the ‘Viksit Panchayat Karmayogi’ initiative.
E) Defence Secretary Rajesh Kumar Singh launched the “Karmayogi Website” and its “Mobile App” which aims to provide public access to important information about national events.
1) Only A, B & C
2) Only A, C & E
3) Only B, C & D
4) Only C & E
5) All the aboveAnswer-3) Only B, C & D
Explanation:
Good Governance Day, also known as ‘Sushasan Diwas’ in Hindi, is annually observed across India on 25th December to mark the birth anniversary of the former (10th) Prime Minister (PM) Late Atal Bihari Vajpayee. The day also aims to create awareness of accountability and administration of government among the people.
25th December 2024 marks the 11th Good Governance Day and 100th birth anniversary of Atal Bihari Vajpayee.
Theme of Good Governance Day 2024 “India’s Path to a Viksit Bharat: Empowering Citizens through Good Governance and Digitalisation,”.
The 4th Good Governance Week (Sushasan Saptah) is celebrated annually from 19th to 25th December.
The Department of Administrative Reforms and Public Grievances (DARPG) conducted the 4th Sushasan Saptah (Good Governance Week) from December 19-25, 2024, alongside the “Prashasan Gaon ki Ore Campaign”, India’s largest people-centric campaign for citizen-centric governance.
Defence Secretary Rajesh Kumar Singh launched the “Rashtraparv Website” and its “Mobile App” (application) which aims to provide public access to important information about national events like Republic Day, Independence Day, and the Beating Retreat Ceremony.
Dr. Jitendra Singh, Union Minister of State for Science and Technology, Earth Sciences, PMO, Atomic Energy, and Space, launched the ‘Viksit Panchayat Karmayogi’ initiative.
On Good Governance Day (December 25), a Memorandum of Understanding (MoU) was signed between the Water Resources Department of Gujarat and Space Applications Centre- Indian Space Research Organisation (SAC-ISRO) under the chairmanship of Gujarat Chief Minister (CM) Bhupendra Patel in Gandhinagar (Gujarat). Click here to read more.
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