The 3rd Employment Working Group (EWG) meeting under the G20 Indian Presidency was held in ___________ from 31st May to 4th June 2023.
(A)
Geneva, Switzerland
(B)
Vienna, Austria
(C)
Paris, France
(D)
London, United Kingdom
Correct Answer: (A)
Explanation: The 3rd Employment Working Group (EWG) meeting under the G20 (Group of Twenty) Indian Presidency was successfully held from May 31st to June 4th, 2023, at the International Labour Organization (ILO) headquarters in Geneva, Switzerland.
2.
Name the exercise that was recently (in May ‘23) conducted by the South Western (Sapta Shakti) Command of the Indian Army (IA) in the western borders of Rajasthan and Punjab.
(A)
Garuda Shakti 2023
(B)
Kripan Shakti 2023
(C)
Samudra Shakti 2023
(D)
Sudarshan Shakti 2023
Correct Answer: (D)
Explanation: South Western (Sapta Shakti) Command of the Indian Army (IA) conducted a 4-day exercise “Sudarshan Shakti 2023” from 22nd to 25th May 2023 along the Western borders of Rajasthan and Punjab.
3.
The Times Higher Education (THE) Impact Rankings 2023 was released in June 2023. ___________ has emerged as the top Indian university and ranked 52 globally, while Western Sydney University in Australia has topped the overall ranking for the ________ year in a row.
(A)
Amrita University; 4th
(B)
Lovely Professional University; 3rd
(C)
Amrita University; 2nd
(D)
Lovely Professional University; 4th
Correct Answer: (C)
Explanation: Amrita Vishwa Vidyapeetham (Amrita University), Coimbatore, Tamil Nadu, has emerged as the top Indian university on the Times Higher Education (THE) Impact Rankings 2023. 2023 Impact Rankings is the 5th edition of THE Impact ranking.
4.
Which of the following points is “Incorrect” with respect to the guidelines issued by the Securities and Exchange Board of India (SEBI) in June 2023?
A) The Securities and Exchange Board of India (SEBI) issued guidelines for transactions in Corporate Bonds (CBs) through the Request for Quote (RFQ) platform by stock brokers (SBs).
B) SEBI has asked SBs to undertake at least 20% of their total secondary market trades by value in CBs in that month by placing/seeking quotes through one-to-one (OTO) mode on the RFQ platform of stock exchanges.
C) The value would be increased by 25% of their total secondary market trades from April 1, 2024, onwards.
(A)
Only A
(B)
Only B
(C)
Only C
(D)
All of the Above
Correct Answer: (B)
Explanation: On June 6, 2023, the Securities and Exchange Board of India (SEBI) issued guidelines for transactions in Corporate Bonds (CBs) through the Request for Quote (RFQ) platform by stock brokers (SBs) in order to increase liquidity on the platform and to enhance the transparency and disclosure pertaining to trading in the secondary market in corporate bonds.
5.
In June 2023, the Insurance Regulatory and Development Authority of India (IRDAI) identified ______________ (Insurance Company) as the acquirer–the insurer of the business of Sahara India Life Insurance Co. (SILIC).
(A)
SBI Life Insurance
(B)
Max Life Insurance
(C)
Exide Life Insurance
(D)
Bajaj Allianz life Insurance
Correct Answer: (A)
Explanation: On June 5, 2023, The Insurance Regulatory and Development Authority of India (IRDAI) identified SBI Life Insurance Company Limited (SBI Life) as the acquirer–the insurer of the business of Sahara India Life Insurance Co. (SILIC).
6.
Name the bank that has recently (in June ‘23) introduced a new fixed deposit scheme ‘ACE Fixed Deposit Scheme’ with an interest rate of up to 8.50%.
(A)
YES Bank
(B)
ICICI Bank
(C)
RBL Bank
(D)
SBI Bank
Correct Answer: (C)
Explanation: RBL Bank Ltd introduced a new fixed deposit scheme named ‘ACE Fixed Deposit Scheme’ with an interest of up to 8.50% to provide better saving options for its customers.
7.
Which company has recently (in June ‘23) launched India’s first-ever mobile-based expense management card namely ‘Card++’?
(A)
BharatPe
(B)
EnKash
(C)
GoCardless
(D)
Karbon Card
Correct Answer: (D)
Explanation: Karbon Card, a B2B (Business to Business) payment solution provider, launched India’s first-ever mobile-based expense management card namely ‘Card++’.
8.
Name the company that has recently (on June ‘23) signed an MoU with the Gujarat government to establish India’s 1st Lithium-ion Cell Manufacturing Gigafactory in Gujarat.
(A)
Tata Agaratas Energy Storage Solutions Private Limited
(B)
Exide Industries Limited
(C)
Mahindra Electric Mobility Limited
(D)
LG Energy Solution Limited
Correct Answer: (A)
Explanation: On 6th June 2023, Tata Agaratas Energy Storage Solutions Private Limited, a subsidiary of Tata Group, signed a memorandum of understanding (MoU) with the Gujarat government to establish a lithium-ion cell manufacturing giga factory in Sanand region, Gujarat.
9.
Princess Mele Siu’ilikutapu Kalaniuvalu Fotofili of ____________ (country), passed away in May 2023.
(A)
Tonga
(B)
Vanuatu
(C)
Fiji
(D)
Palau
Correct Answer: (A)
Explanation: On 28 May 2023, Princess Mele Siu’ilikutapu Kalaniuvalu Fotofili of Tonga, a member of the Tongan Royal family and a politician, passed away in Auckland, New Zealand at the age of 75. She was born on 12th May 1948 in Tonga, a Polynesian country.
10.
Which neighboring country recorded an annual inflation rate of 37.97% in May 2023?
(A)
Pakistan
(B)
Afghanistan
(C)
Nepal
(D)
Myanmar
Correct Answer: (A)
Explanation: Pakistan’s annual inflation rate rose to 37.97% in May, the statistics bureau said, adding to its problems of a balance of payment crisis and the risk of a sovereign default.