2023 09 en
2023 09 en
2023 09 en
VOL-19
ISSUE-09
Editor
N.K. Jain India Needs A Uniform Civil
23rd SCO Summit
Advisors Code
Neeraj Chabra
K.C.Gupta
Registered Office
Mahendra Publication Pvt. Ltd.
103, Pragatideep Building,
Plot No. 08, Laxminagar, India Should Refuse America’s A Macro View Of The Fiscal
‘NATO Plus’ Bait Health Of States
District Centre, New Delhi - 110092
TIN-09350038898
w.e.f. 12-06-2014
Branch Office
Mahendra Publication Pvt. Ltd.
E-42,43,44, Sector-7, Noida (U.P.)
Interview 5
For queries regarding
promotion, distribution & VDO Re-Examination Previous Paper 2023 6-8
MICA : Mahendra's family expresses Reasoning Ability MICA : What is the best thing about
its heartfelt congratulations I learned the basic concept of our coaching institute,
on your success. reasoning ability under the guidance according to you?
Chandan : Thanks for your support. faculty of Mahendra’s, solved the Chandan : The regular speed test
MICA : To whom do you want previous year’s questions, and facilities, the mock exams
to give the credit of your practiced Speed Test. before the examinations,
selection? and materials kits. The
Numerical Ability quality of the teachers and
Chandan : Mahendra’s Institute and
I practiced a lot of the previous year's their supportive attitude.
there teachers and my
questions, self-prepared notes, and MICA : What is the role of “Time
parents.
gives regular Mock Speed Tests. Management” in one’s
MICA : After how many attempts
did you succeed in this General Awareness success?
examination? For current affairs, read MICA Chandan : Time management is
Chandan : This was my third attempt for monthly magazine, Read the extremely important for
Staff Selection Commission. newspaper every day, and practiced the preparation of any
quizzes weekly. competitive examination.
MICA : What is the role of
MICA : How did you prepare for
Mahendra's institute in General Studies the Interview?
your selection? Make class notes and I had studied
Chandan : I had qualified for SSC
Chandan : Mahendra's institute helped General Studies materials kits
so there is no concept of
me out in everything, provided by Mahendra's and I gave
interview.
related to studies materials, regular speed tests.
MICA : From whom did you
books, clearing doubts,
speed tests, and regular
Computer Knowledge get information of your
Materials Kits and classes provided selection and what was
hybrid classes.
by Mahendra's was sufficient for the your reaction?
MICA : How did you prepare for
computer but I had also studied O-level Chandan : I had gotten information
the examination?
notes. from the telegram channel
Chandan : I learned basic concepts of Mahendra's.
MICA : What would you say
about subject knowledge
about “Master in Current MICA : What message do you
from Mahendra’s hybrid
Affairs” Magazine want to convey to other
mode classes and gave
(MICA) and Mahendra's aspirants?
regular mock tests for
Website? Chandan : Be very consistent and
practice.
Chandan : I would personally suggest regular in your studies and
English Language every competitive candidate give regular mock tests.
With the guidance of Mahendra's should read “Master in MICA : Congratulations! once
faculties, solved previous year’s Current Affairs” (MICA) again on your success. Your
questions and regularly reads a at least the last 3 months of success is our success.
newspaper. current affairs. Chandan : Thank You!
SEPTEMBER 2023 MICA 5
VDO RE-EXAM 2023
GENERAL AWARENESS QUESTIONS
Q.1 Garo and Khasi are the associate official languages Q.11 Due to which incident did Gandhiji call of the Non-
belonged to which state ? cooperation movement ?
(A) Chhattisgarh (B) Jharkhand (A) Kakori Train Robbery
(C) Andhra Pradesh (D) Meghalaya (B) The Bengal Famine
Q.2 Which of the following is the first and largest (C) Appointment of Simon Commission
depository presently operational in India?
(D) Chauri Chaura Incident
(A) NSDL (B) BSL
Q.12 "Blitz" term belongs to which of the following sports ?
(C) UBI (D) CDSL
(A) Basketball (B) Chess
Q.3 In which schedule of the Indian Constitution powers
of panchayats are stated ? (C) American Football (D) Hockey
(A) 11th schedule (B) 8th schedule Q.13 The first-ever automated, driverless train in the
world has been unveiled in which country ?
(C) 9TH schedule (D) 10th schedule
(A) Japan (B) India
Q.4 World famous "Mathania Mirchi" belongs to which
state? (C) Switzerland (D) Germany
(A) Gujarat (B) Bihar Q.14 Which of the following was the most powerful
(C) Rajasthan (D) Odisha Mahajanpada from 6th to 14th century ?
Q.5 The plants, which grow under water stress (A) Vajji (B) Magadha
conditions are known by which name? (C) Vaishali (D) Anga
(A) Xerophytes (B) Mesophyte Q.15 Dalma Sanctuary is located in which of the
(C) Hygrophyte (D) Hydrophyte following state?
Q.6 Which article of the constitution is related to the (A) Telangana (B) Assam
National Commission for Scheduled Castes? (C) Jharkhand (D) Chhattisgarh
(A) Article 338 (B) Article 333 Q.16 Whose autobiography is "My Life"?
(C) Article 330 (D) Article 326 (A) Nelson Mandela (B) Bill Clinton
Q.7 Which of the following is the foundation of 5th (C) Margaret Thatcher (D) J. M. Lyngdoh
Generation computers?
Q.17 Which state of India does not touch any international
(A) Vaccume Tube (B) Artificial Intelligence
Border?
(C) Transisitor (D) VVLSI
(A) Sikkim (B) Telangana
Q.8 Todar Mal was known by which of the following names?
(C) West Bengal (D) Arunachal Pradesh
(A) Diwan-i-Ashraff (B) Khan-e-Khan
Q.18 The Planet which having the maximum number of
(C) Ajiao Din (D) Khan-e-Azam rings on it, is it?
Q.9 Kalamkari painting refers to:
(A) Saturn (B) Uranus
(A) A hand painted cotton textile in South India.
(C) Neptune (D) Jupiter
(B) A hand painted decorative silk cloth in North-
Q.19 Right against exploitation does not include which
Western India.
prohibation?
(C) A block painted woollen cloth in Western
Himalayan region of India. (A) Prohibition of Trafficking
(D) A handmade drawing on bamboo handicraft in (B) Prohibition of Untouchability
Northeast India. (C) Prohibition of employment of children below
Q.10 Founder of Chola Kingdom was who among the 14 year of age
following ? (D) Prohibition of forced labor
(A) Parantaka Chola 1 (B) Vijayalaya Chola Q.20 Visva-Bharati University was by which Indian
(C) Arinjaya Chola (D) Aditya I personality?
6 MICA SEPTEMBER 2023
VDO RE-EXAM 2023
(A) Raja Ram Mohan Roy (B) Water (Prevention and Control of Pollution)
(B) Aurobindo Ghosh Act, 1974
(C) Annie Besant (C) Environment (Protection) Act, 1986
(D) Rabindranath Tagore (D) Wildlife (Protection) Act, 1972
Q.21 Which of the following country has become the 31st Q.29 Recently Indian-origin Ajay Banga has been
member of the North Atlantic Treaty Organization appointed as the 14th President of which of the
(NATO)? following institution?
(A) Denmark (B) UK (A) International Monetary Fund
(C) Finland (D) Germany (B) World Health Organization
Q.22 Recently, a mobile artillery-locating, phased array (C) World Bank
radar system named "Swathi" has been developed (D) World Trade Organization
by India. What is the specific type of that radar?
Q.30 "The Bhupen Hazarika Setu" also referred as Dhola-
(A) Weapon Locating Radar Sadiya bridge, is the longest bridge in India over
(B) Ground Search Radar water spans on which among the following rivers ?
(C) Harbor Surveillance Radar (A) Buroi (B) Lohit
(D) Coastal Surveillance Radar (C) Kopili (D) Desang
Q.23 'Hola Mohalla' a festival, which is about warriors, Q.31 Which country's researchers discovered the
bravery, victory, pride and fearlessness, is celebrated "Invisible Galaxy" or "Black Galaxy"?
in which Indian state?
(A) Italy (B) Russia
(A) Rajasthan (B) Bihar
(C) Egypt (D) France
(C) Madhya Pradesh (D) Punjab
Q.32 In which state PM Modi virtually inaugurated "Jal
Q.24 Recently, The Supreme Court of India has granted Jan Abhiyan?
couples the right to divorce on the grounds of
"irretrievable breakdown of marriage" under which (A) Sikkim (B) Rajasthan
Article of the Constitution? (C) Odisha (D) Assam
(A) Article 142 (1) (B) Article 130 Q.33 Which of the following state launched new green
(C) Article 148 (D) Article 141 initiative "Mero Rukh Mero Santi"
Q.25 Amit Shah, the Union Home Minister, presented (A) Tripura (B) Meghalaya
the Maharashtra Bhushan) Award to Appasaheb (C) Telangana (D) Sikkim
Dharmadhikari for his notable work in which field? Q.34 Which among the following countries is promoting
(A) Art (B) Agriculture tourism targeting India by identifying sites linked to
(C) Medical (D) Social work Ramayana ?
Q.26 Bara-lacha La Pass connects which two states/UT (A) Greece (B) Cuba
among the following ? (C) Sri Lanka (D) Norway
(A) Himachal Pradesh & Uttarakhand Q.35 The Indian Army installed the tallest 'Iconic
(B) Punjab & Himachal Pradesh National Flag' in which of the following states ?
(C) Uttarakhand & Ladakh (A) Jammu and Kashmir
(D) Himachal Pradesh & Ladakh (B) Chhattisgarh
Q.27 Which among the following rocks show change in (C) Haryana
forms by immense heat or pressure? (D) Meghalaya
(A) Igneous Rock (B) Metamorphic Rock Q.36 Union Minister "Shri Narendra Singh Tomar"
(C) Sedimentary Rock (D) Plutonic Rock inaugurated the seed processing and storage facility
Q.28 Which of the following laws came into force soon at Indian Grassland and Fodder Research Institute
after the Bhopal Gas Tragedy? at which of the following place?
(A) The Air (Prevention and Control of Pollution) (A) Jhansi (B) Bareilly
Act, 1981 (C) Varanasi (D) Agra
SEPTEMBER 2023 MICA 7
VDO RE-EXAM 2023
Q.37 The Uttar Pradesh government has taken the consent (C) Partiality towards Elite class.
of the central government to include district-wise (D) Equal chance to women only.
sports of the districts in ODOS (one district, one
game) under the Khelo India scheme. Q.43 When was "World Oral Health Day" 2023 observed
?
(A) 7 (B) 8
(A) 18-Mar (B) 16-Mar
(C) 9 (D) 10
(C) 11-Mar (D) 20-Mar
Q.38 "Operation SADBHAVANA" was launched in
Q.44 "Pashupati seal" has been found from which site of
which state/UT by the Indian Army?
the Indus Valley Civilization?
(A) Ladakh (B) Puducherry (A) Mohenjodaro (B) Lothal
(C) Lakshadweep (D) Delhi (C) Banawali (D) Kalibanga
Q.39 In which among the following states of India, has the Q.45 Which among the following countries takes charge
world's longest railway platform been inaugurated? of APPU (Asian Pacific Postal Union) in Bangkok,
(A) Gujarat (B) Bihar Thailand ?
(C) Maharashtra (D) Karnataka (A) India (B) Ireland
Q.40 When Cash Reserve Ratio (CRR) is increased by (C) Italy (D) France
RBI (CRR), it : Q.46 In which of the following state is the world's largest
(A) will have no effect on the money supply in the river island located?
economy (A) Kerala (B) Goa
(B) reduction in money supply in the economy (C) Assam (D) Madhya Pradesh
(C) will automatically reduce the supply in the Q.47 Which of the following is the smallest bone in the
beginning. body ?
(D) money supply in the economy (A) Tibia (B) Occipital
(C) Stapes (D) Femur
Q.41 In which district of Uttar Pradesh 'Mukhya Mantri
Kanya Sumangala Yojana' has been launched to Q.48 What is Laughing gas ?
provide conditional cash transfer to the girl child at (A) Nitrogen dioxide (B) Nitrogen peroxide
different stages of her life? (C) Nitrous oxide (D) Nitroen sulphide
(A) Pratapgarh (B) Lucknow Q.49 Which of the following vitamins is important for
(C) Sitapur (D) Sultanpur the formation of red blood cells?
Q.42 The meaning of "social equality" in the Indian (A) Vitamin B-12 (B) Vitamin E
Constitution is: (C) Vitamin D (D) Vitamin C
(A) Equal opportunities for all sections of the Q.50 The Mishmi tribe is the resident of which among
societies. the following states of India ?
(B) No effort should be made to modify the existing (A) Odisha (B) Arunachal Pradesh
system. (C) Karnataka (D) Manipur
ANSWER KEY
Q.1.(4) Q.2.(1) Q.3.(1) Q.4.(3) Q.5.(1) Q.6.(1) Q.7.(2) Q.8.(1) Q.9.(1) Q.10.(2)
Q.11.(4) Q.12.(3) Q.13.(4) Q.14.(2) Q.15.(3) Q.16.(2) Q.17.(2) Q.18.(1) Q.19.(2) Q.20.(4)
Q.21.(3) Q.22.(1) Q.23.(4) Q.24.(1) Q.25.(4) Q.26.(4) Q.27.(2) Q.28.(3) Q.29.(3) Q.30.(2)
Q.31.(1) Q.32.(2) Q.33.(4) Q.34.(3) Q.35.(1) Q.36.(1) Q.37.(4) Q.38.(1) Q.39.(4) Q.40.(2)
Q.41.(2) Q.42.(1) Q.43.(4) Q.44.(1) Q.45.(1) Q.46.(3) Q.47.(3) Q.48.(3) Q.49.(1) Q.50.(2)
India Needs A
Uniform Civil
Code
What is UCC- The Uniform Civil Code (UCC) is a to govern the family life we are condemning all Indian
proposed legislation in India that aims to establish uniform women to subjugation and mistreatment. A uniform civil
personal laws applicable to all individuals, irrespective code will help in changing these age old traditions that have
of their gender, sexual orientation, or religious affiliation. no place in today’s society .
Currently, personal laws are governed by religious texts 4. Every Modern Nation has it:
specific to different communities.
A uniform civil code is the sign of modern progressive
Why in News: nation. It is a sign that the nation has moved away from
The constitution has a provision for Uniform Civil Code caste and religious politics.In fact it might be right to
in Article 44 as a Directive Principle of State Policy which say that socially and culturally we have degraded to a
states that The State shall endeavor to secure for the citizens point where we are neither modern nor traditional. A
a uniform civil code throughout the territory of India. uniform civil code will help the society move forward
and take India towards its goal of becoming a developed
There are a number of cases where the Supreme Court nation.
has referred to Article 44 and the concept of uniform civil
code, mainly to highlight the lackluster attitude of the Merits
executive and the legislature in the implementation of the • If a Common Civil Code is enacted and enforced.
directive.
• It world help and accelerate national integration.
Why Need of UCC: • Overlapping provisions of law could be avoided.
1. It Promotes Real Secularism:
Drawback
A uniform civil code means that all citizens of India have to
follow the same laws whether they are Hindus or Muslims • Difficulties due to India’s diversity
or Christians or Sikhs. This sounds fair and secular to me. • Interference of state in personal matters.
That’s real secularism.
• The people from different communities are not willing
2. All Indians should be Treated Same: to adopt the secular laws separated from personal
Right now we have personal laws based on particular laws.
religions, which means that while Muslims can marry Conclusion:
multiple times in India, a Hindu or a Christian will be
The implementation of a Uniform Civil Code (UCC) is
prosecuted for doing the same. This doesn’t seem like
a complex and contentious issue that requires careful
equality to me. All the laws related to marriage, inheritance,
consideration and thoughtful deliberation. it also involves
family, land etc. should be equal for all Indians.
navigating diverse religious and cultural norms that have
3. It will provide More Rights to the Women shaped individual communities for centuries.
A uniform civil code will also help in improving the condition It is important to approach the UCC debate with sensitivity,
of women in India. Our society is extremely patriarchal and taking into account the diverse perspectives and concerns of
misogynistic and by allowing old religious rules to continue all stakeholders involved.
23rd SCO
Summit
Why in News: •• India's opposition to the BRI stems from its
inclusion of projects in Pakistan-occupied Kashmir
•• Recently, India has chaired the Shanghai Cooperation
(POK), which India considers a violation of its
Organization (SCO) virtual Summit, leaders called for
sovereignty.
the formation of a “more representative” and multipolar
world order in the global interest. Indian Prime Minister’s Address:
•• During this 23rd Summit, Iran officially joined the •• The Indian PM highlighted the significance of
SCO as the Ninth Member Country. connectivity for enhancing mutual trade and trust
among SCO member states.
•• The theme of India's chairpersonship of SCO is
'Towards a SECURE SCO’, which is derived from the •• However, he stressed the need to uphold the
acronym coined by the Indian PM at the 2018 SCO fundamental principles of the SCO charter, specifically
Qingadao Summit. respecting member states' sovereignty and regional
integrity.
•• It stands for: S: Security, E: Economic development, C:
Connectivity, U: Unity, R: Respect for sovereignty and About SCO- The Shanghai Cooperation Organisation
territorial integrity, E: Environmental protection. (SCO) is a Eurasian political, economic, international
security and defence organization established by China and
Key Highlights: Russia in 2001. It is the world's largest regional organization
New Delhi Declaration: in terms of geographic scope and population, covering
approximately 60% of the area of Eurasia, 40% of the world
The New Delhi Declaration was signed by the member
population. As of 2021, its combined GDP was around 20%
nations, which states that the international community
of global GDP.
must come together to "counter the activities of terrorist,
separatist and extremist groups, paying special attention to Headquarters: Beijing, China
preventing the spread of religious intolerance, aggressive Founded: 15 June 2001
nationalism, ethnic. Objectives:
New Pillars of Cooperation: •• Strengthening mutual trust and neighborliness among
India has created five new pillars and focus area for the member states.
cooperation in the SCO, which include, •• Promoting effective cooperation in -politics, trade &
•• Startups and Innovation economy, research & technology and culture.
•• Traditional Medicine •• Enhancing ties in education, energy, transport, tourism,
•• Youth Empowerment environmental protection, etc.
•• Digital Inclusion •• Maintain and ensure peace, security and stability in the
region.
•• Shared Buddhist Heritage
•• Establishment of a democratic, fair and rational new
India's Reservations on BRI: international political & economic order.
•• India refused to be part of the BRI (Belt and Road
•• The official working language of the SCO Secretariat is
Initiative) of the SCO members’ economic strategy
Russian and Chinese.
statement, mentioning “interested member states’.
India Should
Refuse America’s
‘NATO Plus’ Bait.
US Permanent Representative to North Atlantic Treaty potential threats.
Organization’s (NATO) invited India to join the alliance •• Strengthening India’s defence capabilities and
during a virtual press briefing in March on the NATO focus modernisation efforts: India could also gain access to
on South Asia & Indo-Pacific region”. advanced military technologies, intelligence-sharing
Reflecting the same sentiment, the U.S. House Select platforms, and interoperability with other member-
Committee on Strategic Competition between the US states.
& Chinese Communist Party (CCP) recommended
strengthening the ‘NATO-Plus’ framework by including Potential impacts on India’s
India in the grouping. strategic autonomy Plus
•• On relations with other countries: Getting into any
NATO NATO framework will annoy Russia and China.
The North Atlantic Treaty Organization (NATO) is a Should it join, India’s solidified strategic partnership
military alliance established on 4 April 1949. Its headquarter with Russia will crumble.
is in Brussels. The organization has created a system of •• On India’s freedom of action: While aligning with
collective security, under which member states agree to NATO may be tempting due to the threats posed by
cooperate in the event of external aggression. China, having a military framework will limit India’s
Finland is latest Member its 31st member of NATO in freedom of action and prevent it from pursuing an
April 2023. independent policy towards China.
•• On hopping into the Taiwan strategy of the U.S. under
NATO Plus: NATO Plus: It will complicate India’s security, with the
•• It refers to a security arrangement of NATO and the possibility of Chinese justification for further military
five treaty allies of the U.S. — Australia, New Zealand, build-up along the India-China border.
Japan, Israel, and South Korea as members — to •• On India’s defence and security policies: India will
enhance “global defence cooperation” and win the need to align its defence and security policies with
“strategic competition with the Chinese Communist the objectives and strategies of the alliance, thereby
Party”. potentially undermining India’s autonomy.
•• Not officially recognised concept within NATO: It has
been used in discussions and debates regarding the Conclusion
potential expansion of the alliance. •• While NATO has certain competencies to deal with
•• Terms of inclusion: The inclusion of these countries such issues, its larger geopolitical agenda starting
would require a complex process of negotiation of their from Eurasia to the Indo-Pacific may divert resources
compatibility with NATO’s principles, obligations, and and attention away from these pressing issues and,
defence commitments. therefore, will not be of much help to India.
•• For the time being, India’s posturing through the Quad
Significance- looks more promising than the NATO Plus bait, though
•• Providing a security umbrella: Joining NATO will China remains an elephant in the room during its
provide India with protection and deterrence against summits.
A Macro View of
the Fiscal Health
of States
Why Important
The States mobilise altogether more than a third of total revenue, spend 60% of combined government expenditure, and
have a share in government borrowing that is around 40%.
Trends in Fiscal Health of Union and States
•• Receding Government Deficit: It is becoming evident that the increase in general government deficit and debt that
occurred during the COVID-19 pandemic has begun to recede. There have been significant post-pandemic fiscal
corrections at the Union and State levels.
•• Union: The fiscal deficit declined from 9.1% of GDP in 2020-21 to 5.9% in 2023-24 (BE).
•• States: The State fiscal deficit was 4.1% of GDP in 2020-21. It declined to 3.24% of GDP in 2022-23 (RE). For the
major States, for the year 2023-24 (BE), it is expected to be 2.9% of GDP.
Significance
Improved Union-State Coordination: Emergency provision for health spending and livelihood during the COVID-19
pandemic was not easy and required Union-State fiscal coordination.
Reprioritising Expenditure: States were able to reprioritise expenditure and quickly contain the fiscal deficit.
Buoyant Tax Revenues: The reduction in fiscal deficit is a combination of expenditure-side adjustments, improved Goods
and Services Tax (GST) collection and higher tax devolution due to buoyant central revenues.
Recovery in Non-Tax Revenues: Non-GST revenues are also showing signs of recovery after the pandemic in most
States.
Fiscal Challenges
•• Rising Revenue Deficit: The reduction in fiscal deficit has not been accompanied by a corresponding reduction in
revenue deficit. However, increasing revenue deficit driving the fiscal imbalance has long-run fiscal implications and
there is a need to correct this imbalance in the revenue account.
•• Increase in number of fiscally stressed states: An assessment of successive Finance Commissions since the
Twelfth Finance Commission identified three States, i.e., Kerala, Punjab and West Bengal, as fiscally stressed States
(measured in terms of the level of revenue deficit). The number of States that are now fiscally stressed has increased
to seven.
•• The combined fiscal deficit of these States is 3.71% of GSDP when the all-State average for the same is 2.9%.
•• Their combined revenue deficit is 2.15 % of GSDP, when the all-State revenue deficit is 0.78%.
•• Their combined debt ratio is higher than the Finance Commission recommended debt ratio for all States for the year
2023-24.
Conclusion:
The seven fiscally stressed states together contribute around 40% to India’s GDP. Some of these States have also been big
drivers of public capital expenditures and favoured investment destinations of private investors. Hence, the focus should
be on the management of revenue deficit.
S
to fostering trade, commerce, and entrepreneurship
enior IPS officer Ravi Sinha,
among the BRICS nations and other friendly countries.
an expert on neighborhood
countries and operations, was •• Sinha succeeds Shabana Nasim, who has transitioned
appointed as the new head of to the position of Executive Director of BRICS CCI
external spy agency RAW succeed and Chief Patron of BRICS CCI WE.
Samant Goel who completed his
Nutan Roongta
four-year stint on June 30.
Appointments Committee of
the Cabinet has approved the
T he Indian Economic Trade
Organization
has recently announced the
(IETO)
appointment of 59-year-old Sinha,
appointment of Nutan Roongta
a 1988 batch IPS officer from
as the Director of the USA East
Chhattisgarh, as the Secretary RAW for a tenure of two years.
Coast Chapter.
Swaminathan Janakiraman •• This significant development
I
was concluded on June 22nd.
ndian-origin satellite industry
Aalok Kumar expert Aarti Holla-Maini has
been appointed as the Director
A alok Kumar, the Corporate
Officer and Senior Vice
President, Head of Global
of the United Nations Office for
Outer Space Affairs (UNOOSA)
in Vienna.
Smart City Business at NEC
Corporation, and President and •• Aarti, of the United Kingdom,
CEO of NEC Corporation India, who has roots in Punjab, will
has been appointed as a member succeed Simonetta Di Pippo
of the Asian Development Bank’s of Italy.
(ADB). •• She is a member of the advisory board of the Satellite
Industry Association of India.
Ruby Sinha
R
appointed as the president of ohit Jawa took charges
BRICS Chamber of Commerce as the Managing Director
and Industry Women’s Vertical and Chief Executive Officer of
(BRICS CCI WE) for a three-year FMCG major Hindustan Unilever
term. Ltd (HUL).
•• Sinha, the founder of •• Rohit Jawa has replaced
SheAtWork and Kommune Sanjiv Mehta who retired on
Brand Communications, will after the company’s annual
assume the role. general meeting.
P
India, it was established in 2007 with its headquarters in M Prasad, who currently
Mumbai, Maharashtra. serves as the Chairman-cum-
Brajendra Navnit Managing Director of Central
I
Coalfields Limited (CCL), has
ndian government announced
been appointed as the Chairman-
the extension of Brajendra
cum-Managing Director of Coal
Navnit’s tenure as Ambassador
India Limited (CIL), a Schedule
and Permanent Representative
‘A’ Central Public Sector
of India to the World Trade
Enterprise (CPSE).
Organization (WTO) by nine
months. •• Prior to his new role, Prasad
successfully led CCL, a
This decision comes ahead of
subsidiary of Coal India, located in Jharkhand, to
the crucial 13th ministerial
achieve its production targets in the fiscal year 2022-23.
conference of the WTO in 2024.
SEPTEMBER 2023 MICA 15
THE PEOPLE APPOINTMENTS
•• With over 30 years of experience in the coal mining •• The ICAR-Indian Institute of Oil Palm Research
sector, Prasad holds a post-graduate degree in mining (IIOPR) located in Pedavegi is the sole esteemed
engineering from the Indian School of Mines, IIT institute in India dedicated to conducting research on
Dhanbad. oil palm and developing technologies applicable to all
oil palm-growing states.
Ajit Agarkar
AWARDS
Elizabeth Longford Prize •• The award given by Ministry of Culture, Gandhi Peace
H
Prize carries an amount of one crore rupees, a citation
istorian and writer
and a plaque.
Ramchandra Guha’s
book Rebels Against the German peace prize 2023
T
Raj: Western Fighters for
he Peace Prize
India’s Freedom has won
of the German
the Elizabeth Longford
Book Trade for 2023
Prize for Historical
has been awarded to
Biography 2023.
British-American author
•• Guha has been Salman Rushdie, “for his
awarded £5,000 (`5 lakhs approximately) and a bound indomitable spirit, for his
copy of Elizabeth Longford’s memoir. The jury was affirmation of life and for
chaired by Roy Foster. enriching our world with
•• The judging committee also included Antonia Fraser his love of storytelling”.
and Flora Fraser (daughter and granddaughter of •• Rushdie was born on June 19, 1947, in Bombay (now
Longford respectively), Richard Davenport-Hines and Mumbai), Ahmed Salman Rushdie’s name is best
Rana Mitter. known worldwide for his 1988 novel The Satanic
•• The book has been published by Penguin Random Verses, which caused widespread uproar in the Muslim
House in India, William Collins in the U.K., and Alfred world for its story inspired by the life of Islamic
Knopf in the USA. Prophet Muhammad.
Gandhi Peace Prize About German peace prize- Created in 1950, the €25,000
($27,300) Peace Prize of the German Book Trade will be
T he Gandhi Peace
Prize for the year
2021 will be conferred
awarded at a ceremony during the Frankfurt Book Fair in
October.
W
The Jury headed by the riter and activist
Prime Minister took the Arundhati Roy has
unanimous decision. been awarded the 45th
•• The award will be European Essay Prize
given to Gita Press for lifetime achievement
in recognition of its outstanding contribution to social, on the occasion of the
economic and political transformation through non- French translation of her
violent and other Gandhian methods. latest essay, ‘Azadi’.
•• Established in 1923, Gita Press is one of world’s largest The French translation
publishers, having published over 41 crore books in 14 ‘Liberte, fascisme, fiction’ appeared in Gallimard, a leading
languages, including over 16 crore Shrimad Bhagvad Gita. French publishing group.
18 MICA SEPTEMBER 2023
AWARDS
At a function to be held on September 11 at the European performance in several key areas, highlighting the
Essay Prize 2023 Round Table, Arundhati Roy will discuss organization’s commitment to organizational purpose,
citizenship and identity, environment and globalization, employee centricity, growth, recognition and rewards,
caste, and language. intrapreneurial culture, work-life balance, diversity, equality
and inclusion, safety, and trust.
IOC Awards Olympic Order
I
Akademi Award, has been ndian Medical
chosen as the recipient Association has
of the Prof. Kothapalli selected Dr. K.
Jayashankar Award. Venugopal, chief
This prestigious award is consultant in respiratory
presented by Bharat Jagruthi, a cultural organization and medicine at General
an extended arm of Bharat Rashtra Samithi. The award Hospital, Alappuzha (City
ceremony will take place at the Telangana Saraswatha in Kerala) for the Indian
Parishath in Abids on June 21. Medical Association
Acharya Gopi, a prolific writer, has authored an impressive (IMA) awards under the category of community service.
collection of 56 books, encompassing various genres. About National doctors’ day
His literary works include 26 compilations of poems, 7 National Doctors’ Day is celebrated on 01 July every year in
compilations of essays, 5 translations, and 3 research books. India for the past 32 years.
“Most Preferred Workplace of It is celebrated to honour the legendary and renowned doctor
Bidhan Chandra Roy, a politician, a freedom fighterand an
2023-24” Award
advocate for education.
P
award acknowledges
riya A S, a talented writer, has been honored with the
NTPC’s outstanding
prestigious Sahitya Akademi Bal Sahitya Puraskar 2023 in
SEPTEMBER 2023 MICA 19
THE PEOPLE AWARDS
the Malayalam language for PEN Pinter Prize 2023
R
her novel “Perumazhayathe
enowned children’s
Kunjithalukal” (The
writer and
Children Who Never
performance poet, Michael
Withered).
Rosen, aged 77, has been
•• This recognition honored with the esteemed
adds to her previous PEN Pinter Prize 2023.
achievement of
•• This prestigious
winning the Kerala
award is bestowed
Sahitya Akademi Award for Children’s Literature in
upon a writer
2020 for the same novel.
hailing from the United Kingdom, Ireland, or the
•• With the Sahitya Akademi Bal Sahitya Puraskar 2023, Commonwealth, whose body of work fearlessly
Priya A S’s talent and creativity in children’s literature uncovers and reveals truths about the realities of
have been acknowledged once again. modern-day existence.
2023 List Of Great Immigrants AIFF Men’s Footballer of the Year
A jay Banga,
President of the
the Award 2023
World Bank, has been
recognized on the
I ndian football team
midfielder Lallianzuala
Chhangte was named the
Carnegie Corporation
AIFF Men’s Footballer
of New York’s annual
of the Year for 2022-
“Great Immigrants” list.
23 while Manisha
•• He is lauded for his Kalyan won her second
contributions and consecutive Women’s
efforts in enriching America and its democracy. Footballer of the Year
•• With over 30 years of experience in key positions, award.
63-year-old Banga is expected to usher in transformative The 26-year-old Lallianzuala Chhangte beat Nandhakumar
policies at the World Bank to combat poverty and Sekar and Naorem Mahesh Singh of East Bengal to win the
address climate change. award.
Global Indian Icon at UK-India Points of Light Award
Awards ajindar Singh Dhatt,
R
S porting legend and the driving force
India’s first-ever behind the “Undivided
Olympic medallist in Indian Ex-Servicemen’s
women’s boxing, Mary Association” has been
Kom, has been honored honored with the
with the Global Indian prestigious Points of Light
Icon of the Year award award for his exceptional
at the annual UK-India service and relentless
Awards in Windsor, efforts to bring together British Indian war veterans.
south-eastern England. Dhatt demonstrated his dedication to serving his country by
•• Filmmaker Shekhar Kapur, behind Oscar-nominated joining the British Indian Army during the Second World War.
'Elizabeth: The Golden Age' received a Lifetime ASSOCHAM Awards
Achievement Award for his contribution to the field of
cinema across both nations at the awards, organized by
India Global Forum (IGF) as part of UK-India Week. I ndia’s mining major, NMDC (National Mineral
Development Corporation), was honored with two
prestigious awards at the ASSOCHAM Business Excellence
•• The Nehru Centre in London, the cultural wing of the
Awards 2023 held in Kolkata.
Indian High Commission, won the UK-India Award for
Significant Contribution to UK-India Relations. The company received the ‘Mineral Development
Award’ and the ‘Employer Brand of the Year Award’
20 MICA SEPTEMBER 2023
AWARDS
in recognition of its •• NLCIL’s growth in GeM procurement started from a
significant contributions small value of Rs 2.21 crore during the year 2018-
to the mining sector and 19 and the company has registered an impressive
its exemplary human growth of Rs 984.93 crore during the year FY 2022-
resources practices. 23.
The awards were •• Government e-Marketplace GeM is a dedicated
presented by Anurag e-Market service platform, a National public
Srivastava, IAS, procurement portal, governed by Government of India
Secretary of the Industry, for marketing different goods and services.
Commerce, and Enterprise Department, Government of •• To promote the power market in line with GEM's
West Bengal, during the Indian Mining and Minerals vision of transparent, inclusive and efficient public
Conclave 2023. procurement in India, awards are being presented by
NMDC’s Role in Mineral Development: the Government of India.
•• As the largest producer of iron ore in India and the •• Shri K Mohan Reddy, Director (Planning and Projects)
sixth largest in the world, NMDC plays a pivotal role received the award on behalf of NLC India Limited.
in the country’s mineral development. Grand Cross of the Legion of Honour
P
•• The company is renowned for its state-of-the-art rime Minister
Research and Development (R&D) Centre, which Narendra Modi has
focuses on enhancing productivity, promoting become the first Indian
sustainable mining practices, and developing advanced Prime Minister to have
beneficiation technologies. been conferred with
the Grand Cross of the
GeM Award in "Timely Payments"
Legion of Honour.
for 2023 Mr. Modi received the
N LC India Limited, a
navratna company
under the Ministry of
honour at the Elysee
Palace here on, July 13, 2023, and joined the ranks
of other prominent world leaders such as the former
Coal, bagged GeM award president of South Africa Nelson Mandela, King
in the category "Timely Charles – the then Prince of Wales, former Chancellor
Payments (CPSEs)" of Germany Angela Merkel, Boutros Boutros-Ghali,
for the year 2023 for its former Secretary General of the United Nations, among
outstanding contribution in others.
improving the reliability of The Grand Cross of the Legion of Honor conferred by
e-market practices in line with the vision of GeM. French President Emmanuel Macron is another in a series
•• NLCIL registered and on-boarded in GeM portal in the of top international awards and honors bestowed upon
year 2017. Prime Minister Modi by various countries.
OBITUARY
Daniel Ellsberg Rakesh Master
W
Whittingham, shared the Nobel ell known painter and
prize with Goodenough for their sculptor Namboothiri
groundbreaking work. Whittingham initially discovered passed away. He was 97.
that lithium could be stored in titanium sulphide sheets,
and Goodenough perfected the concept by incorporating a •• A prolific literary illustrator,
cobalt-based cathode, resulting in a product that has become famous for his line art
an integral part of people’s lives. and copper relief works,
Namboothiri illustrated for
Bir Devinder Singh several frontline Malayalam
F ormer Punjab assembly deputy speaker Bir Devinder writers including Thakazhi
Singh passes away at Post Graduate Institute of Medical Shivashankara Pillai, MT
Education and Research (PGIMER), Chandigarh. Vasudevan Nair, Uroob and SK Pottakkad among others.
•• Having started out as a leader of the All India Students’ •• His works characterised a harmonious blend of tradition
Federation (AISSF), Bir Devinder was elected MLA and modernity, seamlessly bridging the past and the
for the first time from Sirhind in 1980 on a Congress present, and offered an elevated and enriching experience.
ticket. •• He was the recepient of the Raja Ravi Varma Award of
•• He later won from the Kharar assembly constituency the Kerala Lalitha Kala Akademi and the Kerala State
in 2002. He served as the deputy speaker of the Vidhan Film Award for Best Art Director.
India moves up The World Economic Forum (WEF) recently released the annual Gender Gap
Report for 2023, which measures the gender disparity in various aspects of society.
8 places in WEF
Global Gender Gap Index
Global Gender Gap
•• The Global Gender Gap Index is a benchmark index introduced by the World
Report 24-June-2023 Economic Forum in 2006. It tracks progress and compares nations’ advancements
In the 2022 edition, India was toward gender parity and equality across four key dimensions with sub-parameters.
ranked 135th. The country has •• These dimensions are Economic Participation and Opportunity, Educational
closed 64.3% of the overall gender Attainment, Health and Survival, and Political Empowerment.
gap.
SEPTEMBER 2023 MICA 23
NEWS BITES NATIONAL
India achieved milestone of
101 Million Cubic Meters per
Day 26-June-2023
• India has achieved the milestone of 101 Million
Metric Standard Cubic Meters per Day of gas
production.
"
• Union Minister Hardeep Singh Puri said, the Mr Puri said, since India imports about 50 per cent of
feat reflects the untiring efforts of India’s energy its natural gas requirement, enhanced gas production
soldiers and the impact of policy reforms.
"
within the country will reduce import dependence.
The list aims to guide policy formulation, strategic planning, and investment decisions in the mining sector.
• India has secured the 67th position in the World Economic Forum’s
India ranked 67th on (WEF) energy transition index, making it the only major economy
to witness an acceleration across all dimensions.
Energy Transition Index • The report, developed in collaboration with Accenture, highlights
2023 29-June-2023 India’s significant improvements in achieving a secure and
sustainable energy transition, reducing energy and carbon intensity.
DGCA signs MoU with European India’s first ‘Police Drone Unit’
Union Aviation Safety Agency launched in Chennai 06-July-2023
06-July-2023 •• The Greater Chennai City Police (GCP) has
•• The Directorate launched the ‘Police Drone Unit’ for aerial
General of Civil surveillance over vast areas and quick detection of
Aviation (DGCA) criminal activities.
India has signed a •• The project costing around Rs 3.6 crore was
Memorandum of inaugurated by the outgoing Tamil Nadu Director
Understanding General of Police (DGP) C Sylendra Babu at Besant
(MoU) with the Avenue, Adyar.
European Union
Overview
Aviation Safety
Agency (EASA) for cooperation in Unmanned Aircraft •• The use of drones in law enforcement will provide the
Systems and Innovative Air Mobility. police with an additional tool to monitor and secure
large areas more efficiently.
•• This MoU will focus on collaboration on unmanned
aircraft and innovative air mobility between the two •• The drones equipped with advanced surveillance
civil aviation authorities. technology will aid in identifying potential threats,
monitoring crowd gatherings, and assisting in traffic
•• This collaboration would include cooperation between
management.
DGCA and EASA in the areas of the development of
certification standards and environmental standards According to the police, a total of nine drones under three
and related requirements categories are available in this unit: Quick Response
Surveillance Drones (6), Heavy Lift Multirotor Drone
The MoU will also ensure regular information sharing
(1) and Long Range Survey Wing Place (2). These are all
between the two authorities on the technological
equipped with built-in artificial intelligence (AI) capabilities
developments and research in this area and also their
and can be operated up to a distance of 5-10 km from the
respective strategies for outreach to relevant stakeholders.
ground station.
SEPTEMBER 2023 MICA 27
NEWS BITES NATIONAL
Digital Personal Data Protection Bill 2023 approved by
Cabinet 06-July-2023
e
a y to b
The Union Government approved the draft Digital Personal Data he w
Bill and come before Parliament in the monsoon season. The a v i ng t
t’s p data
Ministry of Electronics and Information Technology
t a nd i ore
e n ’s c
received and considered 21,666 suggestions to ernm ndia
the draft bill that have been circulated i o n gov
e co me I com
for comments in November, t h eU
n
w ill b n d Tele
w a
by he la e IT
2022. p r oved ight, t s in th
02 3 a p
enta
l r io n d to
B ill 2 o n Bill ment. d a m l e g islat n s foun
tion ecti arlia fun sed atio
P r otec t a Prot f the P a c y as a
r p r opo . o rg aniz
ata lD a o priv fou ste m the
al D son f the al ecosy
s o n P e r sona on sea e clared n e o t r o r e on
Per ital onso rt d no igi 0c
ital Dig n the m Cou ill) i owing d s.25
Dig a f t
Dr uced i e m e P B r t o R
upr PD ly g f up
• d the S ork. ill (D e rapid ty o
intro af t er n B h n a l
ears ram
ew ectio for t a pe
S ix y nance f a t a Prot ework t o levy
• gover al D fram B)
e rson ide the r d (DP
P a
ital
Dig rs to pr
ov n Bo
• t o r o t ectio
sec Data
P
e
wer
s t h MoE released Performance
l e mpo
bi l
This reach. Grading Index report for
nb
be i 2020-21 & 2021-22 08-July-2023
Education Ministry, released
the Performance Grading
Bureau of Water Index for Districts (PGI-D)
combined report for 2020-21
Use Efficiency & and 2021-22.
Indian Plumbing • The report assesses
the performance
Association sign of the school
MoU 08-July-2023 education system at
the District level by
• The Bureau of Water creating an index for
Use Efficiency (BWUE) comprehensive analysis.
and Indian Plumbing • The Ministry said Indian Education System is one of
Association (IPA) have the largest in the world with about 14.9 lakh schools,
signed an MoU with the aim of achieving a Water 95 lakh teachers, and nearly 26.5 crore students from
Positive India on 7th July 2023. varied socio-economic backgrounds.
• The MoU focuses on creating awareness and • It devised Performance Grading Index for States and
promoting rainwater harvesting structures, low-flow released the report for the reference years 2017-18 to
fixtures and sanitary ware, treatment of grey and black 2020-21.
water, and water audit of the built environment.
• Based on the success of State PGI, 83-indicator-based
The collaboration between NWM and IPA will include PGI-D has been designed to grade the performance of
public education, awareness and outreach programmes, all districts in school education.
water stewardship, circular economy of water, rainwater
harvesting, aquifer recharge, and reclamation of used The Ministry said the ultimate objective of PGI-D is to help
water. the Districts to prioritize areas for intervention in school
education and thus improve to reach the highest grade.
28 MICA SEPTEMBER 2023
NATIONAL
Farmers Distress Index 08-July-2023
Farmers Distress Index is a kind of early warning system for farmers launched by the Central
Research Institute for Dryland Agriculture (CRIDA), under the Indian Council of Agriculture
Research (ICAR).
Aim to launch :
•• Farmers Distress Index launched in July 2022, by the Central Research
Institute for Dryland Agriculture (CRIDA) under the Indian Council
of Agriculture Research (ICAR) with the main motive to minimize
the agrarian distress in the form of crop loss, failure and income
loss.
Farmers Distress Index trying to reduce their distress and prevent its
spread from a few farmers to the village or block level by pre-warning
different stakeholders including central, state and local government and
also non-government agencies about the future occurrence of farmers
distress.
Surat sets Guinness Surat, a city in Gujarat, India, witnessed a historic event on International Yoga
Day as it broke the Guinness World Record for the largest gathering of people
World Record 23-June-2023 participating in a yoga session at a single location.
Yoga’s Global Acceptance
• International Yoga Day has garnered widespread support, with more than 176 countries embracing this annual
observance.
Chief Minister Bhupendra Patel acknowledged the teachings of yogacharyas (yoga practitioners) and rishi munis
(sages) who have imparted the wisdom of leading a healthy and stress-free life through daily yoga practice.
r s t d pme l
nt
ts f i 2
r s t di M a no
en , a n
e velo
na
r g e g o
fi
t its overnor t y scre and d spiratio
twa
r i e
shm
i Lt G qual ts. peac an a
i s h d Ka ched by n HD residen e r a of bol of
sK a n a the m
mu un ats, new a sy
J-K' re i c t o f Jam cially la
f fi c l i n i n g se ence for
r i tn e s s ing a twar is
s h c entr
e for
t t r
was
o
us r
e p e
is w
i i n t
theahe Kishtwaabrle theatre 120 luxutrciho cinemati or said J&inKpicturesq
dis c ex ue K e
inm
i n fota
n
T t ts of top-no vern theatre nd a
• h e infla o a s a G o e a t re a talent.
T tre b ing e Lt ovie he th cal
h e thea arantee o n y, th h of a m
m a nd t tial of lo
T u ere m unc uris oten
• m, g ral c d the la m to ng the p
syste a ug u n r fi l i
he in al" a ial f
o ness
At t mrit Ka p o tent rds har
•
in " y.
A ense towa
ie t a s imm nt step
so c ar h orta
d K ishtw an imp
ai be
He s ren will
ch i l d
IIT Bombay ranked 1st in
India in QS World University
Rankings 28-June-2023
•• IIT Bombay has been ranked 1st in India and 149th in world in QS (Quacquarelli Symonds) World
University Rankings.
•• It has moved significantly up from 172nd rank last year to 149th rank this year.
•• For the first time ever, IITB has been ranked within top 150 and top 10% in QS rankings.
•• IITB has a score of 81.9 in employer reputation, 73.1 in citation per faculty, 55.5 in academic reputation,
47.4 in employment outcome, 54.9 in sustainability.
•• Among the various 9 parameters, employer reputation indicated the strongest one for IIT Bombay with
a rank of 69 globally.
Director of IIT Bombay Prof. Subhas is Chaudhuri said, excellence in teaching is the key driving point
for IIT Bombay.
SEPTEMBER 2023 MICA 31
NEWS BITES STATE
Gujarat government Startup20 Shikhar summit in
signs MoU with Micron Haryana 03-July-2023
Technology 29-June-2023
• The Startup20 Engagement Group, under the India G20
•• The Gujarat government signed an MoU with Presidency, hosted two day Startup20 Shikhar summit in
American chipmaker firm Micron Technology Gurugram, Haryana from 3rd July 2023.
for a semiconductor assembly and test facility
at Sanand in Ahmedabad district. • The summit signifies India's commitment to fostering an
enabling environment for startups and reinforcing its position
•• The MoU was signed at Gandhinagar in as a global leader in innovation and entrepreneurship.
the presence of Chief Minister Bhupendra
Patel and Union Electronics and IT Minister • It serves as a significant milestone in the journey toward
Ashwini Vaishnaw. unlocking the potential of startups to drive economic growth,
job creation, and societal progress.
•• Under the scheme, the Central Government
will provide 50 percent fiscal support for the • During the summit, the delegates will have the privilege to
total project cost to the US-based firm while connect with industry experts, policymakers, and thought
the state government will provide incentives leaders, forging strategic alliances and shaping the trajectory of
representing 20 percent of the total. startups on a global scale.
•• The semiconductor assembly and test plant The summit will serve as a landmark event for the official release
is expected to create five thousand direct of the final Policy Communiqué. The Communiqué will lay the
employment opportunities in the State.Phase foundation for a transformative and inclusive startup ecosystem,
1 of the plant will become operational by the fostering economic growth, innovation, and cross-border
end of 2024. collaboration.
In a significant development, the World Bank is expected to grant an additional 200 million dollar specifically
allocated for welfare programs, along with 700 million dollar in total funding, which is set for approval at the
upcoming board meeting.
The Abu Dhabi National Oil Company (ADNOC) is a globally recognized energy company based in the United
Arab Emirates (UAE).
Agra
Aligarh
Address
Uttar Pradesh
2nd Floor, Plot No. 808 A, Near Hotel Sagar Ratna, Khandari Bye Pass Road, NH- 2, Agra - 282002
2nd Floor, Mangalam Complex, Ramghat Road, Aligarh - 243122
EnqNo
9236455136
8859447070
Allahabad 124 C/C Ashirwad Bhawan, Tej Bahadur Sapru Marg, Near Lok Seva Ayog, Gate No.2, Civil Lines, Allahabad - 211001 9235253403
Ambedkar Nagar Purani Tahseel Tiraha, Near Tamsa Nadi Pul, Akbarpur, Ambedkar Nagar - 224122 7311169613
Amroha Azad Road, Opp. J.S.H.(PG) College, Near HDFC Bank, 1st Floor, Dr. Javed Homeo Clinic, Amroha 6391207064
Azamgarh 2nd Floor, Building No 585, Above ICICI Bank, Civil Line, Azamgarh - 276001 9208242842
Ballia 1st, 2nd Floor, Ravi Offset Building, Dwarikapuri Colony, Ballia - 277001 9208243152
Barabanki Excel Net Building, In Front of Ambika Nursing Home, Lakhpedabag Colony, Barabanki 6391207060
Bareilly MD Floor, Above Reliance Digital, 2nd Floor, Opposite Vishal Mega Mart, Ayub Khan Churaha, Bareilly - 243001 9235253431
Basti 11/3/11, Awas Vikas Colony, Satyawaanpuri Katra Basti, Near Kali Mandir, Awas Vikas Colony 7706008031
Bijnor Judgi Road, Anta Ghar, Compound Near Shakti chawk, Above Kotak Mahindra Bank, Bijnor - 246701 6391207088
Chitrakoot Kasahai Road, Karwi, Chitrakoot - 210205 6389302401/
9044283542
Deoria Above IDBI Bank, 2nd Floor, Raghav Nagar, Deoria - 274001 9208248122
Faizabad G.S. Tower, Diagonally In Front of Jagat Hospital, Near Agrasen Chowk, Naka, Raebareli Road, Faizabad - 224001 9235253421
Farrukhabad First Floor, Viswakarma Mandir, GT Road, In Front of Christian College, Near Sardar Bagh, Farrukhabad - 209625 7706008029
Firozabad 228, Agra Gate, Infront of Kids Corner School, Gandhi Park Chauraha, Firozabad - 283203 9208235736
Ghaziabad-Loni MM-2 DLF, Ankur Vihar Loni, Ghaziabad - 201102 6391207008
Ghaziabad- D1 Mg Tower, 2nd Floor, Near Bikanervala, Rajnagar RDC, Opposite BSNL Office, Ghaziabad - 201002 7311169603
Rajnagar
Gonda LBS chauraha, Hanuman Garhi Road, Gonda - 271001 9208250778
Gorakhpur Narain Tower, 1st Floor, Gandhi Gali, Golghar, Gorakhpur - 273001 9235253400/498
Hamirpur 2nd Floor, Varun Guest House, Naubasta, Near Brajraj Hospital, Hamirpur 6391207072
Hapur Railway Road, Near Jaina Takeez, Hapur - 245101 6389302407
Jaunpur 25, Husainabad, T.D. College Road, Opposite Teacher's Colony, Jaunpur - 222002 9026173365
Jhansi B.K.D Road, Near Kunj Bihari Mandir, Ist Floor, Above State Bank of India, Jhansi - 284001 9235253424
Kanpur Kakadeo 117/N1, Bhadouria Building, Raniganj Kakdev, Kanpur Nagar - 208025 9235253484
Kanpur Kidwai 133/28, N Block, Opposite Jyoti Heights Appartment, Near Bara Devi Chauraha, Kidwai Nagar, Kanpur - 208011 9235253482
Nagar
Kanpur Mall Road 419/1, Agarwal Building, D Mall, Near Punjab National Bank, Mall Road, Kanpur - 208004 9236757143 /
6386903174
Lucknow Alambagh Plot No: KBC-3, Kanpur Road Scheme, Opp. Phoenix Mall Alambagh, Sector B, Lucknow - 226005 9235253501
Lucknow Bhootnath B-17, Krishna Bazaar, 3rd Floor, Bhootnath Market, Near Bhootnath Metro Indira Nagar, Lucknow - 226016 9235253502/28
Lucknow B-54, Bhatia Complex, Above Central Bank of India, Mahanagar, Kapoorthala Crossing, Chauraha, Lucknow - 226006 9235253443/517
Mahanagar
Lucknow Suman Complex, Mohanlal Ganj, Raibarely Road, Above Canara Bank, Near Mohanlal Ganj Tahsheel, Lucknow - 226301 6391207026
Mohanlalganj
Mainpuri Mahendra Education Pvt Ltd, Near Purushottam Collection, Mainpuri - 205001 9208241450
Mathura 2054, Chowki Bagh Bahadur, Mathura - 281004 7706008072
Mau Near R.S. Palace, Purani Tehsil, Sahadatpur, Mau -275101 6391207099
Meerut 3rd Floor Star Plaza Bachcha Park, Meerut - 250001 6386903190
Moradabad Opposite Cross Road Mall, Civil Lines, Near Pilli Kothi, Above Temptetion Restaurant, Moradabad - 244001 9235253442 /
9717843588
Mughalsarai House No.20, Nai Basti, Pandit Deen Dayal Upadhyaya, Mughalsarai - 232101 7311169611 /
9453012582
Muzaffarnagar 2nd Floor, Civil Lines, Prakash Chowk, Muzaffarnagar - 251001 7706008032
Padrauna Near Hanuman Inter College, Ramkola Road, Padrauna - 274304 7311168115
Raebareli Shri Narayan Complex, Rajghat, Kanpur Road, Opposite Arpan Hospital, Raebareli - 229001 9235253412
Robertsganj Uttar Mohal, Market Road, In Front of Arihant Hotel, Robertsganj, Sonebhadra - 231216 6389302419
Saharanpur 2nd Floor, Above Dr. Chawla Ultrasound, Vedraj Complex, Near By Clock Tower, Saharanpur, Uttar Pradesh 7668916722 /
9235253445
Sitapur 1180, Collectorate Compound, Loharbagh, Sitapur - 261001 6391207080
Sultanpur 1st Floor, Usha Commercial Complex, Raj Hotel Compound, Above Bank of Baroda, Besides Roadways, Civil Lines, 9208252915
Sultanpur - 228001
Unnao 1111, Adarsh Nagar, Unnao 6391207019
Varanasi B-27/70 Ground Floor, Beside Levis Showroom, Adjacent Indian Petrol Pump, Barhar Kothi, Durgakund, Varanasi - 221005 9235253419
Varanasi Pandeypur SA 4/79 AK Pandeypur, Nayibasti Panchkoshi Road, Infront of Raheja SDS Apartment, Varanasi - 221002 6391207106
Uttarakhand
Dehradun 14B 1st Floor, Opposite of Velocity Gym, East Cannal Road, Near Survey Chowk, Dehradun, Pin Code - 248001 9208175710
Haldwani 1st Floor, Shiv Niwas Building, Opposite Bhoatia Padao Police Chowki, Near Sri Ram Hospital, Nainital Road, Haldwani - 263139 9208256021
Haridwar Ist Floor, Sharda Complex, Near Railway Fatak, Jwalapur, Haridwar - 249407 7706008034
New Delhi
Delhi Laxmi Nagar B-40, Guru Nanak Pura Road, Near Maharaja Banquet Hall, Laxmi Nagar, Delhi - 110092 9268209355
•• The Securities and Exchange Board of India (Sebi) has acted against six entities
for violating insider trading norms in the case of Shilpi Cable Technologies.
Sebi
•• The entities have been barred from participating in the securities markets for one year bans 6
and have been ordered to pay penalties totaling Rs 70 lakh. entities from
•• Sebi has directed them to disgorge the unlawful gains amounting to Rs 27.59 crore,
along with 9 percent interest per annum from May 2017 until the date of payment.
securities
•• Investigation and Proceedings: The investigation conducted by Sebi focused on the trading markets
activities in the shares of Shilpi Cable Technologies Ltd (SCTL) from March to May 2017. 21-June-2023
•• The regulator sought to determine if certain entities had engaged in trading based
on unpublished price-sensitive information (UPSI), which is in violation of the Prohibition of Insider Trading (PIT) rules.
The UPSI in question was related to a demand notice issued by Macquarie Bank Ltd on behalf of the petitioner, seeking
payment of USD 3.01 million (approximately Rs 19.55 crore), which SCTL received on March 10, 2017.
SEPTEMBER 2023 MICA 45
NEWS BITES ECONOMY
BIS Introduces HDFC Life gets Rs 942-crore GST demand
Standard IS 18267: notice 24-June-2023
2023 22-June-2023 •• HDFC Life Insurance said it has received a demand notice of more than Rs
942 crore for non-payment of GST.
•• The matter relates to the claiming of input tax credit against supply
of services, which the Directorate of Goods and Services Tax (GST)
Intelligence (DGGI) believes are ineligible for such claims, it said.
•• "HDFC Life Insurance Company has received a show cause cum demand
notice from the Directorate General of GST Intelligence, Mumbai Zonal
Unit asking the Company to show cause why a tax of Rs 942,18,46,028
pertaining to the period July 2017 to FY 2022, should not be demanded
•• The Bureau of Indian Standards
from the Company," HDFC Life said in a regulatory filing.
(BIS) has published IS 18267:
2023 "Food Serving Utensils •• On June 20, HDFC Life had said that the Competition Commission of
Made from Agri By-Products – India has approved HDFC Ltd -- one of the promoters of the company -- to
Specification," aimed at reducing increase its stake in HDFC Life to more than 50 per cent.
plastic pollution and promoting HDFC Life said the Insurance Regulatory and Development Authority of India
sustainability. (IRDAI) has granted its approval for transfer of shares of HDFC Life, from
•• The standard provides HDFC Ltd to HDFC Bank.
comprehensive guidelines to
manufacturers and consumers,
ensuring uniformity in quality
REC to provide ` 3,045 Crore financial
requirements across the assistance to BMRC 26-June-2023
country. •• REC Limited, a Maharatna Central Public Sector Enterprise under the
•• The implementation of this Union Ministry of Power, has decided to extend financial assistance of Rs.
standard has extensive advantages 3,045 crores to Bangalore Metro Rail Corporation Limited (BMRCL), for
as using biodegradable agri by- establishment and development of Metro Lines under Phase-II project of
product utensils can contribute Bangalore Metro. The decision to extend the assistance was taken at the
towards environmental safety, board meeting of REC, held in Bengaluru on 24th June, 2023, at which the
conserve natural resources, and Board approved the proposal of BMRCL.
promote a circular economy. •• The Phase-II project of Namma Metro comprises extension of existing
•• These utensils are free from two corridors of Phase-I, namely East–West Corridor and North–South
harmful additives and ensure Corridor; and 2 new lines, namely one from R.V. Road to Bommasandra
consumer well-being. The and another from Kalena Agrahara to Nagawara. These lines will traverse
standard also creates economic some of the densest and high-traffic areas of the city.
opportunities for farmers and •• Phase-II of the project will enhance connectivity and ease traffic in the
supports sustainable agricultural densely populated city of Bengaluru. With completion of Phase-II (72.09
practices, contributing to rural km), the combined network of Namma Metro shall stand at a line length of
development. 114.39 km, with 101 stations.
•• The rising use of disposable REC Limited is an NBFC focusing on Power Sector Financing and Development
tableware worldwide is driving across India. The financial assistance to BMRCL forms part of REC’s foray
the global market for disposable into funding infrastructure development. Established in 1969, REC Limited has
tableware. Disposable plate’s completed over fifty years of operations.
market size was valued at USD
4.26 Billion in 2020 and is
projected to reach USD 6.73
Billion by 2028, growing at a
Compound Annual Growth Rate
(CAGR) of 5.94% from 2021 to
2028.
46 MICA SEPTEMBER 2023
ECONOMY
India’s current account deficit narrowed First exhibition
to 1.3 billion dollars 28-June-2023 ‘Banking on
•• India’s current account deficit narrowed to 1.3 billion dollars or 0.2 percent World Heritage’
of GDP in the January-March quarter of FY23.
•• According to the data released by the Reserve Bank, the decline was
Inaugurated
mainly due to moderation in the trade deficit and a robust increase in 01-July-2023
services exports. •• The first of its kind exhibition
•• However, for fiscal 2022-23, the current account balance recorded a deficit of ‘Banking on World Heritage’ was
2 percent of GDP compared to a deficit of 1.2 percent in 2021-22 as the trade Inaugurated at IGNCA, New Delhi
deficit widened to 265.3 billion dollars from 189.5 billion dollars a year ago. by the Minister of Culture and
External Affairs, Smt. Meenakashi
•• RBI data has shown that net services receipts increased, both sequentially Lekhi on 30th June, 2023.
and on a year-on-year basis, on the back of a rise in net earnings from
computer services. •• The exhibition displays banknotes
of G20 member nations, depicting
•• The Balance of Payment (BoP) figures for FY23 reveal that net FDI inflows world heritage sites listed by
stood at 28 billion dollars, lower than 38.6 billion dollars in 2021-22. UNESCO, in a unique manner.
Net FPI recorded an outflow of 5.2 billion dollars in 2022-23 as compared with The exhibition has displayed till
an outflow of 16.8 billion dollars a year ago. RBI data has further revealed that July 9th 2023.
foreign exchange reserves were depleted by 9.1 billion dollars in the last fiscal. •• The exhibition has been curated
by the scholar Ms. Rukmini
Merger between Housing Development Dahanukar. The inauguration was
attended by High Commissioners
Finance Corporation limited and HDFC and Ambassadors of G20
Bank 03-July-2023 Countries.
•• The merger between Housing Development Finance Corp Ltd (HDFC) •• Smt. Meenakashi Lekhi said if
and HDFC Bank came into effect on 1st July 2023. the world has to progress and
humanity has to survive then
•• This created the world's fourth-biggest bank by market value behind J P Indian way is the way forward
Morgan, ICBC, and Bank of America. The merger was approved by the and that way is ‘Vasudhaiva
boards of directors. Kutumbakam’ . The exhibition
•• All employees of HDFC has become HDFC Bank employees from July has been organized in the spirit of
01, 2023. Post-merger, the key HDFC Bank subsidiaries will include Vasudaiva Kutumbakam.
HDFC Securities Ltd., HDB Financial Services Ltd., HDFC Asset The Minister said that the exhibition
Management Co. Ltd, HDFC ERGO General Insurance Co. Ltd., HDFC will help to connect the youth, who
Capital Advisors Ltd. and HDFC Life Insurance Co. Ltd. are mostly engaged on the digital
" The National Company Law Tribunal (NCLT) approved the merger on
March 17, 2023. The bank had received the first okay from the Reserve
Bank of India in July 2022 which was followed by other regulators like
platform, to their heritage through the
physical currency notes. The depiction
of Heritage sites adds to the intrinsic
the Securities and Exchange Board of India (Sebi).
"
•
value of currency notes.
•• National Education Policy (NEP) 2020 focuses on The state-of-the-art interdisciplinary degrees are expected
Internationalization and recommends that “High to attract a diverse cohort and will include students from
performing Indian universities will be encouraged to Tanzania and other countries as well. Indian students are
set up campuses in other countries”. also eligible to apply to these programs.
"
understand the universe’s intricacies.
Why is it important:
KIIT-hosted 1st Janjatiya • It is a joint endeavor of the Odisha Government and the
Khel Mahotsav 17-June-2023 Union Ministry of Culture.
• The event’s opening ceremony was attended
"
26 states. event.
Dr Samanta highlighted the event’s exceptional nature, specifically its merger of sports and culture, tribal communities and
sports, and the amalgamation of tradition and modernity.
•• The 8th Global Pharmaceutical Quality Summit 2023 held in Mumbai garnered
attention due to the presence of Dr. Mansukh Mandaviya, Union Minister for
8th
Chemicals and Fertilisers and Health & Family Welfare. Global
•• Theme: The theme of the 8th Global Pharmaceutical Quality Summit 2023 was Pharmaceutical
“Patient Centricity: New Paradigm of Manufacturing and Quality.” This theme
aimed to explore innovative approaches to manufacturing and quality assurance Quality Summit
in order to prioritize patient needs and enhance the overall healthcare experience.
2023 Concludes
Key Points:
• India’s Role as a Global Pharmacy: Dr. Mandaviya emphasized that India 27-June-2023
played a crucial role as the “pharmacy for the world” during the COVID-19
pandemic by ensuring a continuous supply of quality medicines and vaccines to
various countries.
Indian Pharmaceutical Industry’s Success: The Health Minister acknowledged the Indian pharmaceutical industry’s
achievements in terms of both quality and quantity. He stressed the importance of leveraging India’s brand power and
manpower to capitalize on the global demand for medicines and vaccines.
Theme - The theme of National Statistics Day, 2023 is “Alignment of State Indicator Framework with National
Indicator Framework for Monitoring Sustainable Development Goals”.
(5) Himachal Pradesh Q.26. Who is the Author of a book title “Ringside”?
Q.19. Which of the following Ministry has signed a (1) Rupi Kaur (2) Ruskin Bond
contract with Mazagon Dock Shipbuilders Ltd? (3) Dr. Vijay Darda (4) Shashi Tharoor
(1) Ministry of Culture (5) Dr. Manoj Kumar
(2) Ministry of Tourism Q.27. Who among the following has taken charge as SAIL
chairman ?
(3) Ministry of Defence
(1) Ajay Yadav (2) Sanjay Varma
(4) Ministry of Drinking Water and Sanitation
(3) Ashwani Kumar (4) Amarendu Prakash
(5) Ministry of Development of North Eastern Region
(5) Angshumali Rastogi
Q.20. Recently India’s biggest natural arch discovered in
which state? Q.28. Which of the following Country has won Men’s
Junior Asia Cup 2023 ?
(1) Kerala (2) Odisha (3) Karnataka
(1) India (2) Sri Lanka (3) Pakistan
(4) Tamil Nadu (5) Andhra Pradesh
(4) Nepal (5) Bangladesh
Q.21. What is the theme of National Doctors Day 2023?
Q.29. Who has appointed as India's representative to
(1) 'Save The Saviours' the council of the International Civil Aviation
(2) 'Family Doctors on the Front Line' Organization?
ANSWER KEY
Q.1.(4) Q.2.(3) Q.3.(2) Q.4.(3) Q.5.(3) Q.6.(2) Q.7.(1) Q.8.(1) Q.9.(4) Q.10.(1)
Q.11.(1) Q.12.(3) Q.13.(1) Q.14.(2) Q.15.(1) Q.16.(1) Q.17.(2) Q.18.(3) Q.19.(3) Q.20.(2)
Q.21.(3) Q.22.(1) Q.23.(2) Q.24.(2) Q.25.(1) Q.26.(3) Q.27.(4) Q.28.(1) Q.29.(3) Q.30.(1)
Q.31.(1) Q.32.(3) Q.33.(4) Q.34.(4) Q.35.(3) Q.36.(4) Q.37.(1) Q.38.(2) Q.39.(2) Q.40.(2)
Q.41.(3) Q.42.(2) Q.43.(2) Q.44.(2) Q.45.(1) Q.46.(1) Q.47.(2) Q.48.(3) Q.49.(3) Q.50.(2)
Q.51.(4) Q.52.(1) Q.53.(3) Q.54.(1) Q.55.(4) Q.56.(3) Q.57.(2) Q.58.(3) Q.59.(2) Q.60.(2)
Q.61.(1) Q.62.(4) Q.63.(1) Q.64.(3) Q.65.(3) Q.66.(1) Q.67.(2) Q.68.(3) Q.69.(3) Q.70.(2)
Q.71.(2) Q.72.(3) Q.73.(2) Q.74.(1) Q.75.(4) Q.76.(4) Q.77.(3) Q.78.(3) Q.79.(4) Q.80.(3)
Q.81.(1) Q.82.(3) Q.83.(3) Q.84.(2) Q.85.(4) Q.86.(4) Q.87.(3) Q.88.(3) Q.89.(2) Q.90.(2)
Q.91.(3) Q.92.(3) Q.93.(4) Q.94.(3) Q.95.(4) Q.96.(3) Q.97.(1) Q.98.(2) Q.99.(1) Q.100.(4)
(2) Securities and Exchange Board of India (SEBI) (5) Establishing language institutions to support
the growth of Kui language
(3) National Stock Exchange (NSE)
Q.7 Which organizations recently signed a
(4) Ministry of Finance, Government of India Memorandum of Understanding (MoU) at IIM
(5) Indian Banks' Association (IBA) Lucknow EIC, Noida campus in Uttar Pradesh?
Q.3 Which government official inaugurated the (1) International Financial Services Centers
exhibition 'Banking on World Heritage' at IGNCA, Authority (IFSCA) and IIML-EIC
New Delhi, marking the first of its kind, on June (2) Reserve Bank of India (RBI) and International
30th? Financial Services Centers Authority (IFSCA)
(1) Narendra Modi (3) Indian Institute of Management (IIM) Lucknow
(2) Nirmala Sitharaman and IIML-EIC
(3) Smt. Meenakashi Lekhi (4) Securities and Exchange Board of India (SEBI)
and International Financial Services Centers
(4) Shaktikanta Das Authority (IFSCA)
(5) Arvind Kejriwal (5) Ministry of Finance and Indian Institute of
Q.4 What is the theme of the seventh edition of India Management (IIM) Lucknow
Mobile Congress (IMC) scheduled to be held from Q.8 What is the objective behind the inauguration of
the 27th of October 2023 at Pragati Maidan in New 34 Transaction Banking Hubs by the State Bank of
Delhi? India (SBI) across 21 district centers in the country ?
74 MICA SEPTEMBER 2023
CURRENT AFFAIRS
(1) Enhancing customer experience by offering (4) Is India's overall score on the Global Peace
personalized Transaction Banking solutions Index above or below the global average?
(2) Expanding SBI's presence in key district centers (5) How does India's performance on the Global
for better accessibility to banking services Peace Index compare to other countries around
(3) Streamlining and accelerating Transaction the world?
Banking processes for improved efficiency Q.12 In a move to empower women, which housing
(4) Promoting digital banking and encouraging finance company recently opened its first all-
cashless transactions women branch called "Maitreyi" in Tripunithura, a
suburban area in Kochi?
(5) Facilitating seamless and convenient
Transaction Banking services for customers (1) HDFC Bank
Q.9 What is the purpose of the financial inclusion (2) State Bank of India (SBI)
dashboard called 'Antardrishti' unveiled by RBI (3) ICICI Bank
Governor Shaktikanta Das?
(4) Piramal Finance
(1) Tracking the progress of financial inclusion
(5) Axis Bank
through data analysis and insights
(2) Monitoring the performance of banking Q.13 Which esteemed list for 2023 includes Indian-
institutions in promoting financial inclusion origin women Jayshree Ullal, Indira Nooyi, Neha
Narkhede, and Neerja Sethi among the world's
(3) Providing a comprehensive view of the current richest individuals, as reported by Forbes?
state of financial inclusion in India
(1) Forbes' Top 100 Women Entrepreneurs of
(4) Identifying gaps and areas for improvement in 2023
the financial inclusion ecosystem
(2) Forbes' 100 Most Powerful Women in Business
(5) Enabling policymakers to make informed for 2023
decisions to enhance financial inclusion efforts
(3) Forbes' Global Billionaires List for 2023
Q.10 Which achievement has Oil and Natural Gas
Corporation (ONGC) recently accomplished, (4) Forbes' 100 Most Influential People in
making it the first of its kind among Central Public Technology for 2023
Sector Enterprises (CPSE) in India? (5) Forbes' 100 Richest Self-Made Women in the
(1) Obtaining certification for its Anti-Bribery World for 2023
Management System (ABMS) Q.14 Recently Moody’s Projects _____% GDP Growth
(2) Achieving record-breaking revenue growth in for India.
the energy sector (1) 6-6.3% (2) 6-6.8% (3) 6.5-7%
(3) Establishing a groundbreaking partnership with (4) 7.5-8% (5) 5.6-6.6%
a leading international oil company
Q.15 The Government of India has recently signed a
(4) Pioneering innovative sustainability practices loan agreement worth $130 million with which
in the oil and gas industry international financial institution to support
(5) Implementing a successful digital transformation initiatives focused on enhancing agricultural
strategy for operational efficiency productivity and improving irrigation access in
Himachal Pradesh?
Q.11 What is India's ranking on the Global Peace Index
among 163 countries, and how does it compare to (1) World Bank
the global average ? (2) International Monetary Fund (IMF)
(1) What is India's current position on the Global (3) Asian Infrastructure Investment Bank (AIIB)
Peace Index out of 163 countries?
(4) Asian Development Bank (ADB)
(2) How does India's overall score on the Global
Peace Index compare to the global average? (5) New Development Bank (NDB)
(3) Among 163 countries, where does India stand in Q.16 Which of the following Payments bank has
terms of its ranking on the Global Peace Index? Introduced India’s first spending account?
SEPTEMBER 2023 MICA 75
MEDIUM LEVEL MCQ
(1) Fino Payment Bank (2) HDFC Life Insurance Co
(2) Airtel Payment Bank (3) Max Life Insurance Co.
(3) NSDL Payment Bank (4) LIfe Insurance Corporation
(4) Jio Payment Bank (5) Kotak Mahindra Life Insurance Co.
(5) India Post Payment Bank Q.24 Which organization promoted Utkarsh Small
Finance Bank, which is commencing its IPO
Q.17 Which of the following Bank has Presents Record-
subscription, and initially focused on providing
breaking Dividend Cheque of Rs 5,740 Crore?
microloans to underserved and unserved areas in
(1) Indian Bank Uttar Pradesh and Bihar?
(2) ICICI Bank (1) Utkarsh Small Finance Bank
(3) Reserve Bank of India (2) Utkarsh CoreInvest Ltd
(4) State Bank of India (3) Small Finance Institutions of India
(5) Central Bank of India (4) National Bank for Financial Inclusion
Q.18 NITI Aayog and the United Nations in India signed (5) Reserve Bank of India
the GoI-UN Sustainable Development Cooperation Q.25 According to S&P Retains, India’s Growth
Framework for which year? Projection at ___% for FY 24 ?
(1) 2023-2027 (2) 2023-2028 (3) 2023-2029 (1) 5.50% (2) 6.00% (3) 6.50%
(4) 2023-2030 (5) 2023-2035 (4) 7.00% (5) 7.50%
Q.19 Which of the following Bank has Introduced Q.26 Which of the following bank has unveiled 4 new
Innovative Scheme Allowing Customers ? deposit options for women, retirees, and co-ops?
(1) ICICI Bank (1) UCO Bank (2) ICICI Bank
(2) Indian Bank (3) HDFC Bank (4) Union Bank of India
(3) Indian Overseas Bank (5) State Bank of India
(4) HDFC Bank Q.27 Which bank has launched digital services under the
(5) Axis Bank 'Project WAVE' initiative?
Q.20 GDT collections for FY 2023-24 register a growth (1) Indian Bank
of ______% . (2) Central Bank of India
(1) 12.73% (2) 12.55% (3) 15.73% (3) Bank of Maharashtra
(4) 14.73% (5) 14.55% (4) Bank of India
Q.21 According to investment bank Goldman Sachs, by (5) None of these
which year India will become the second-largest Q.28 What is the value of India's FY23 external debt at
economy in the world? the end of March 2023?
(1) 2024 (2) 2047 (3) 2050 (1) USD 435.6 billion (2) USD 547.2 billion
(4) 2075 (5) 2080 (3) USD 350.5 billion (4) USD 624.7 billion
Q.22 Which IT company have joined with Intel to (5) None of these
establish an artificial intelligence (AI) lab in
Q.29 The Reserve Bank of India (RBI) has revoked the
Telangana institute?
banking permit of which bank?
(1) Dell (2) Infosys (3) TCS
(1) Bandhan Bank
(4) Accenture (5) Microsoft
(2) Mahalaxmi Cooperative Bank Ltd
Q.23 Which of the following Life Insurance company
(3) Muthoot Finance Ltd.
has received a demand notice of more than Rs 942
crore ? (4) Bajaj Finance Limited
(1) ICICI Prudential Life Insurance Co. (5) None of these
Q.45 Which of the following figures accurately represents (1) Reducing NPA
the current repo rate? (2) Financial Inclusion
(1) 5.60% (2) 6.50% (3) 7.20% (3) Reducing stress on Banks
(4) 3.40% (5) None of these (4) Increasing saving accounts
Q.46 Which bank has introduced a savings program (5) None of these
exclusively for UHNIs (Ultra High Net Worth
Individuals) and HNIs (High Net Worth Q.49 How many penalties did RBI impose on Indian
Individuals)? Overseas Bank for rule violations?
(1) Bank of Baroda (2) Kotak Mahindra Bank (1) 1.5 crore (2) 1.9 Crore
(3) HDFC Bank (4) ICICI Bank (3) 2.15 crore (4) 2.20 crore
(5) None of these (5) None of these
Q.47 Which bank has introduced the Millennia Credit Q.50 Which bank has appointed Ashwani Kumar as its
Card? new Managing Director and CEO?
(1) SBI Bank (2) ICICI Bank (1) Yes Bank (2) UCO Bank
(3) HDFC Bank (4) PNB Bank (3) HDFC Bank (4) ICICI Bank
(5) None of these (5) None of these
ANSWER KEY
Q.1.(1) Q.2.(1) Q.3.(3) Q.4.(2) Q.5.(5) Q.6.(1) Q.7.(3) Q.8.(5) Q.9.(2) Q.10.(1)
Q.11.(2) Q.12.(4) Q.13.(3) Q.14.(1) Q.15.(4) Q.16.(1) Q.17.(4) Q.18.(1) Q.19.(3) Q.20.(1)
Q.21.(4) Q.22.(1) Q.23.(2) Q.24.(2) Q.25.(2) Q.26.(4) Q.27.(1) Q.28.(4) Q.29.(1) Q.30.(1)
Q.31.(1) Q.32.(3) Q.33.(4) Q.34.(1) Q.35.(1) Q.36.(2) Q.37.(1) Q.38.(4) Q.39.(3) Q.40.(3)
Q.41.(3) Q.42.(3) Q.43.(2) Q.44.(2) Q.45.(2) Q.46.(2) Q.47.(3) Q.48.(1) Q.49.(4) Q.50.(2)
(3) Both A & B options are true (A) Piramal Finance headquarters in Mumbai
(4) Both A & C options are true (B) Piramal Capital and Housing Finance Limited
founded in 1985.
Q.2 Recently Sonam Wangchuk, has been honored with
the prestigious Santokbaa Humanitarian Award, (C) Piramal Capital and Housing Finance is sub
Which statement is true about Sonam Wangchuk? branch of AU Finance.
(C) The Headquarters of IFSCA in Gujarat. (3) Options A, B and D are True
(D) IFSCA CEO is Shri Injeti Srinivas. (4) All options are True
(1) Only option A is True Q.20 India topped the medals tally at the International
Biology Olympiad (IBO) 2023, which statement is
(2) Only option B is True true about International Biology Olympiad (IBO)?
(3) Options B, C and D are True (A) The 34th International Biology Olympiad
(4) Option B & C both are True (IBO) was held in 2023.
Q.17 According to Investment Bank Goldman Sachs (B) The International Biology Olympiad is a
India is poised to become world’s second-largest biological olympiad for pre-university students
economy by 2075, which statement true about under the age 20.
Goldman Sachs? (C) The first IBO was held in Czechoslovakia in 1995.
(A) Goldman Sachs is the second largest investment (D) IBO aims to inspire and empower the next
bank in the world by revenue. generation of leaders in the life sciences.
Q.11.(2) Q.12.(4) Q.13.(2) Q.14.(1) Q.15.(4) Q.16.(3) Q.17.(1) Q.18.(2) Q.19.(1) Q.20.(3)