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- Name the Blockchain Technology Stack that was recently (in September‘24) launched by the Ministry of Electronics and Information Technology(MeitY) to provide Blockchain-as-a Service (BaaS) with a geographically distributed infrastructure.
1) eSankhyiki
2) Bima Central
3) Vishvasya
4) Bhooskhalan
5) eSwasthya DhamAnswer-3) Vishvasya
Explanation:
On 4th September 2024, S. Krishnan, Secretary, Ministry of Electronics and Information Technology (MeitY) launched the ‘Vishvasya’-Blockchain Technology Stack. It is designed to provide Blockchain-as-a-Service (BaaS) with a geographically distributed infrastructure to support various permissioned Blockchain based applications.
• This framework aimed at promoting research and application development and to enhance transparency, security, and efficiency in digital service delivery.
• MeitY unveiled a wide range of applications of Vishvasya BaaS like e-stamps solution, judiciary application, consent management framework, domicile certificate chain, tracking of agricultural produce, among others.
• The MeitY also launched the ‘NBFLite’-Lightweight Blockchain Platform, ‘Praamaanik’ and National Blockchain Portal.
• NBFLite is a blockchain sandbox platform, which is developed especially to cater the requirements of startups, academia like: rapid prototyping of applications, carrying out research and capacity building.
• Pramaanik is an innovative blockchain-enabled solution for verifying mobile application(app) origin and National Blockchain Portal to further support blockchain initiatives across the country.
• National Blockchain Portal is based on the Content Management System(CMS) to manage the contents related to the NBF initiative.click here to read more. - Which country’s navy has recently (in September ‘24) signed an Implementing Agreement (IA) with the Indian Navy to enhance cooperation on submarine rescue support?
1) Japan
2) South Africa
3) Philippines
4) Mongolia
5) PakistanAnswer-2) South Africa
Explanation:
The Indian Navy (IN) and the South African (SA) Navy has signed an Implementing Agreement (IA) to strengthen cooperation on submarine rescue support in order to ensure the safety of the South African Navy’s submarine crew in times of distress or accident.
• The IA was signed by Admiral Dinesh Kumar Tripathi, Chief of the Naval Staff (CNS) of the IN, and Vice Admiral Monde Lobese, Chief of the SA Navy in New Delhi (Delhi).
• The 12th India-South Africa Navy Staff Talks were held on August 27-28 2024 in New Delhi, Delhi to further enhance Navy-to-Navy collaboration between India and South Africa.
• As per the IA agreement, the IN will enhance the collaborative ties between the two navies by providing assistance through the deployment of its Deep Submergence Rescue Vehicle (DSRV) when required.
• The DSRV is a type of deep-submergence vehicle used for rescue of downed submarines and secret missions. - Name the India’s 1st Fashion Forecasting initiative that was recently (in September 2024) launched by the Union Minister Giriraj Singh, Ministry of Textiles?
1) PRAGATI-2024
2) Ideas4LiFE
3) SABB
4) VisioNxt
5) e-FAST IndiaAnswer-4) VisioNxt
Explanation:
On 5th September 2024, the Union Minister Giriraj Singh, Ministry of Textiles, launched ‘VisioNxt’ – Trend Insight and Forecasting lab, the India’s 1st Artificial Intelligence (AI) and Emotional Intelligence (EI) enabled trend forecasting Initiative developed by the National Institute of Fashion Technology (NIFT).
• He also launched the bilingual (Hindi and English) web portal of ‘VisioNxt’ and India’s first ever Fashion Trend Book ‘Paridhi 24×25’.
• VisioNxt was established in response to the 2017 Global Textile Summit, where the need for India-specific fashion trend insights was highlighted.
• It Aims to reduce reliance on global forecasting agencies by offering localized insights for India’s fashion industry.
• Key features include a unique AI model, “DeepVision,” capable of analyzing over 100 categories of Indian and Western wear. - Which of the following points is/are correct with respect to the Prime Minister Narendra Modi’s visit to Brunei Darussalam and Singapore on 3rd to 5th September 2024?
A) Narendra Modi inaugurated the new chancery premises of the Indian High Commission in Bandar Seri Begawan, Brunei Darussalam.
B) MoU signed between India and Singapore on Cooperation in the operation of Telemetry, Tracking and Telecommand (TTC) Station for Satellite and Launch Vehicles.
C) India and Singapore signed 4 key agreements on semiconductors; digital cooperation; health care and medical research; and education and skill development.
1) Only A & B
2) Only A & C
3) Only B & C
4) Only A
5) All A, B & CAnswer-2) Only A & C
Explanation:
Narendra Modi, Prime Minister (PM) of India was on a 3-day visit to Brunei Darussalam and Singapore from 3rd September to 5th September 2024. He visited Brunei from 3rd September to 4th September 2024 at the invitation of Sultan of Brunei Haji Hassanal Bolkiah and visited Singapore from 4th September to 5th September 2024 at the invitation of Lawrence Wong, PM of Singapore.
• On 3rd September 2024, PM Narendra Modi inaugurated the new chancery premises of the Indian High Commission in Bandar Seri Begawan, Brunei Darussalam. He described it as indicative of stronger ties between the two nations.
• On 4th September 2024, Prime Minister (PM) Narendra Modi held a bilateral meeting with Sultan of Brunei Haji Hassanal Bolkiah at Istana Nurul Iman in Bandar Seri Begawan, Brunei.
• Leaders of both countries witnessed the signing and exchange of a Memorandum of Understanding (MoU) on Cooperation in the operation of Telemetry, Tracking and Telecommand (TTC)Station for Satellite and Launch Vehicles.
• They also welcomed the upcoming commencement of direct flight connectivity between Bandar Seri Begawan, Brunei Darussalam and Chennai, Tamil Nadu (TN), India. This will boost stronger people-to-people linkages and provide increased trade and tourism activities between the two nations.
• The Ministry of Electronics and Information Technology (MeitY), Government of India (GoI) and Ministry of Trade and Industry, Singapore signed the Memorandum of Understanding (MoU) on the 4 key agreements on semiconductors, digital technology, health care and skill development during PM Modi’s two-day visit to Singapore.
• PM Narendra Modi announced that India’s first Thiruvalluvar Cultural Centre would soon open in Singapore.click here to read more. - Which country has recently (in September ‘24) signed MoU with the Comptroller and Auditor General of India (CAG) to strengthen Public Sector Audit Cooperation?
1) Netherlands
2) Thailand
3) Singapore
4) Iran
5) United Arab EmiratesAnswer-5) United Arab Emirates
Explanation:
The Comptroller and Auditor General of India (CAG) has signed a Memorandum of Understanding (MoU) with the United Arab Emirates (UAE) Accountability Authority to strengthen cooperation between the two institutions in public sector audits.
• The MoU was signed by Girish Chandra Murmu, the CAG of India, and Humaid Obaid Khalifa Obaid Abushibs, the President of the UAE Accountability Authority during a bilateral meeting in Abu Dhabi, UAE.
• The MoU aims to promote and deepen collaboration between the two Supreme Audit Institutions (SAIs) in order to boost each institution’s professional ability and improve techniques in the field of Public Sector Auditing (PSA). - Who is the chairperson of the recently (In September ‘24) formed 22-member advisory committee by the Securities and Exchange Board of India (SEBI) to streamline the rules for listing obligations and disclosures?
1) Rajeev Kher
2) Abhaya Prasad Hota
3) Rama Subramaniam Gandhi
4) Sunil Mehta
5) Sanjay NayarAnswer-3) Rama Subramaniam Gandhi
Explanation:
The Securities and Exchange Board of India (SEBI) has set up a 22-member advisory committee to streamline the rules for listing obligations and disclosures.
• This expert committee will be chaired by Rama Subramaniam Gandhi, a former Deputy Governor of the Reserve Bank of India (RBI).
• The committee will provide advice to SEBI on disclosure requirements, listing and post-listing obligations, harmonisation, and corporate governance.
• In June 2024, SEBI proposed 50 amendments to streamline disclosure and listing obligations, based on proposals from a separate expert committee of 21 members chaired by SK Mohanty, a former SEBI whole-time member. - Which Mutual fund company has recently (in September ‘24) launched India’s first Nifty 500 Momentum 50 Index Fund?
1) Motilal Oswal Mutual Fund
2) Mirae Asset Mutual Fund
3) HDFC Mutual Fund
4) Groww Mutual Fund
5) SBI Mutual FundAnswer-1) Motilal Oswal Mutual Fund
Explanation:
Motilal Oswal Mutual Fund (MOMF) has launched its New Fund Offer (NFO), the ‘Motilal Oswal Nifty 500 Momentum 50 Index Fund’. This is India’s first 500 Momentum 50 Index fund.
• This NFO began on September 2, 2024 and will end on September 16, 2024.
• The objective of this open-ended index fund is to capture the Nifty 500 index’s high-momentum stock performance.
• The Nifty 500 Momentum 50 Index tracks the performance of fifty stocks chosen from the Nifty 500 index according to their normalised momentum score.
• It is designed to replicate the performance of the Nifty 500 Momentum 50 Total Return Index (TRI). - Which organisation has recently (in August ‘24) introduced India’s first Android-Based Cash Recycling Machine (CRM) Automated Teller Machine (ATM), in collaboration with National Payments Corporation of India (NPCI)?
1) Mindgrove Technologies Private Limited
2) Cashfree Payments India Private Limited
3) Adani International Ports Holdings Private Limited
4) Hitachi Payment Services Private Limited
5) SpacePixxel Technologies Private LimitedAnswer-4) Hitachi Payment Services Private Limited
Explanation:
Mumbai (Maharashtra) based Hitachi Payment Services Private Limited has introduced India’s first Android-Based Cash Recycling Machine (CRM) Automated Teller Machine (ATM), in collaboration with Mumbai based National Payments Corporation of India (NPCI) at the Global Fintech Fest (GFF) 2024 in Mumbai.
• This CRM is designated as HPDx-BU01 and works as a Digital Banking Unit (DBU), offering one-stop services in a modern digital banking environment.
• It permits banks to offer a range of banking and non-banking services according to their business needs and local market requirements, including Quick-Response (QR)-based Unified Payments Interface (UPI) cash withdrawal, account creation, credit card issuance, personal and Micro, Small and Medium Enterprises (MSME) loans, and insurance. - Who was recently (in September 2024) recommended for the position of Managing Director (MD) of State Bank of India (SBI) by the Financial Services Institutions Bureau (FSIB)?
1) Rama Mohan Rao Amara
2) Atanu Chakraborty
3) Naveen Chandra Jha
4) Krishnan Venkat Subramanian
5) Shanti Lal JainAnswer-1) Rama Mohan Rao Amara
Explanation:
The Financial Services Institutions Bureau (FSIB) has recommended Rama Mohan Rao Amara for the position of Managing Director (MD) of State Bank of India (SBI) to fill the vacancy created by the elevation of Challa Sreenivasulu (CS) Setty as the Chairman of SBI.
• Rama Mohan Rao Amara is currently serving as the Deputy MD of SBI (since July 2023).
• The final decision on the recommendation will be made by the Appointments Committee of the Cabinet (ACC), led by Prime Minister (PM) of India Narendra Modi.
• Amara will become the 4th MD of the SBI’ which is led by a Chairman and 4 MDs.
• Prior to his appointment as Deputy MD of SBI, He served as the MD and Chief Executive Officer (CEO) of SBI Cards and Payment Services since January 2021. - Who was recently (in August ‘24) named as the Member of the Board of Securities and Exchange Board of India (SEBI)?
1) Jagjit Pavadia
2) Arun Kumar Bansal
3) Manoj Govil
4) Deepti Gaur Mukherjee
5) Subhransu Sekhar AcharyaAnswer-4) Deepti Gaur Mukherjee
Explanation:
The Government of India (GoI) has named Deepti Gaur Mukherjee, Secretary of the Ministry of Corporate Affairs (MCA), as a Member of the Board of Securities and Exchange Board of India (SEBI).
• Mukherjee has replaced erstwhile MCA Secretary Manoj Govil, who recently was posted as Expenditure Secretary in the Ministry of Finance (MoF).
• Prior to this, she served as the Chief Executive Officer (CEO) of the National Health Authority (NHA), New Delhi (Delhi).
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