7th May Flashcards
1.In January 2024, _________Limited announced collaboration with StartupTN, a nodal agency
of Tamil Nadu (TN) Government, to foster entrepreneurship in TN.
This partnership will engage with over 1,000 early-stage startups in TN through StartupTN’s
eight regional hubs in metros. The partnership focuses on startups in Tier 2 and Tier 3 cities.
3. In January 2024, ______, a Chinese space startup firm, has launched its maiden rocket Gravity1(Yinli-1) from Defu-15002, the mobile sea platform off the coast of Haiyang (Yellow Sea) in the
eastern Shandong province of China.
4. In February 2024, Bihar Startup Fund Trust (BSFT), the Department of Industries, the
Government of Bihar, and the ________ signed a
Memorandum of Understanding (MoU) to administer the Rs. 50 crore Bihar Startup Scale-up
Financing Fund (BSSFF) to transform Bihar into a startup hub.
DBS Bank India
OrienSpace
Small Industries Development Bank of India (SIDBI)
Which startup has recently (in may ‘24) launched India’s first commercial System on Chip
(SoC) named Secure Internet of Things (IoT)
Mindgrove
It will probably be 30% less expensive than existing chips in comparable categories and is
intended for IoT devices.
The Microcontroller Unit (MCU) chip has undergone the successful Multi-Project Wafer
(MPW) tape-out at the 28 nanometer (nm) node.
The Secure IoT is a high-performance micro-controller clocked at 700 Megahertz (MHz).
In May 2024, The Indian Army and the Punit Balan Group jointly developed India’s first
Constitution Park which was inaugurated in _____________.
Pune, Maharashtra
. In March 2024, According to the “2024 Hurun Global Rich List”, Mukesh Ambani, Chairman &
Managing Director(CMD) of Reliance Industries Limited(RIL), has been ranked as the World’s ____
richest Person with a total net worth of USD 115 billion.
________, overtakes Beijing(China) to become the billionaire capital of Asia. 92
billionaires of India are based in Mumbai while Beijing houses 91 billionaires.
1. & 3. In January 2024, Ministry of Environment, Forest and Climate Change (MoEF&CC) has
nominated three Indian cities viz. _______ for the Wetland City Accreditation (WCA) scheme under the Ramsar Convention. These
are the 1st three Indian cities to be nominated for WCA.
10th, Mumbai(Maharashtra)
Indore and Bhopal in Madhya Pradesh (MP) and Udaipur in Rajasthan
India was ranked____________ in the 2024 World Press Freedom Index published by Reporters
Without Borders (RSF).
159th
According to the 22nd edition of the World Press Freedom Index (WPFI 2024) released by Reporters
Without Borders (RSF – Reporters sans frontières in French), India is ranked 159th out of 180
countries with a score of 31.28.
India was ranked 161st in 2023 with a score of 36.62.
Norway tops the 2024 index for the 8th consecutive year followed by Denmark (2nd) and
Sweden (3rd).
The last 3 places are occupied by: Eritrea (180th); Syria (179th), and Afghanistan (178th).
The index ranks 180 countries on the ability of journalists to work and report freely and
independently by covering five categories viz. Political Context, Legal Framework,
Economic Context, Social Context and Security.
On the occasion of World Press Freedom Day 2024 (3rd May 2024), The United Nations Educational,
Scientific and Cultural Organization (UNESCO) released a report titled “Press and Planet in
Danger:safety of environmental journalists; trends, challenges and recommendations”.
The report highlighted that a total of 44 journalists reporting on environmental issues were
killed in 15 different countries between 2009 and 2023, with only 5 cases resulting in
convictions. Around 24 journalists survived murder attempts.
- In February 2024, Transparency International released its 2023 Corruption Perceptions Index (CPI)
in which India ranked ___out of 180 countries with an overall score of 39. The CPI 2023 was topped
by Denmark with a score of 90. It is followed by Finland with a score of 87 and New Zealand with a
score of 85. - In March 2024, According to the 10th edition of Women, Business, and the Law (WBL) 2024 report
released by the World Bank Group, India has climbed to_____ place out of 190 countries in the Index,
with a score of 74.4%. For the first time, WBL assesses the gap between legal reforms and actual
outcomes for women in 190 economies. - In December 2023, India Ranks _____in the International Institute for Management Development
(IMD)’s 7th edition of the World Digital Competitiveness Ranking (WDCR) 2023.
93
113th
49th
Which of the statements is/are “correct” with respect to Standalone Primary Dealers
borrowing foreign currency and the new norms made by the RBI for loans to roads and ports
projects?
A)The Standalone Primary Dealers (SPDs) can now avail access to overdraft facilities in Nostro
accounts only for operational purposes.
B)As per the guidelines, Authorised persons are classified as Authorised Dealer Category-I banks and
Standalone Primary Dealers are classified as Authorised Dealer Category-II under Section 13(1) of the
Foreign Exchange Management Authority (FEMA), 1997.
C)RBI has proposed stricter measures as per the new norms for project financing, lenders will be
required to set aside 5% of the money they lent as general provisions for all existing and new loans.
Both A & C
Explanation:
The Reserve Bank of India(RBI) in exercise of its power given under Section 45W of the RBI Act,
1934 issued a circular and has allowed Standalone Primary Dealers (SPDs) to borrow in foreign
currency from their parent companies or authorized entities.
These SPDs can now avail access to overdraft facilities in Nostro accounts only for
operational purposes.
As per the guidelines, Authorised persons are classified as Authorised Dealer Category-I
banks and Standalone Primary Dealers are classified as Authorised Dealer Category-III
under Section 10(1) of the Foreign Exchange Management Act (FEMA), 1999.
i.RBI has proposed stricter measures for project financing . As per the new norms, lenders will be
required to set aside 5% of the money they lent as general provisions for all existing and new loans.
Click here to view more
In May 2024, the International Financial Services Centres Authority (IFSCA) permitted
Foreign Portfolio Investors(FPIs) to issue _____________ with Indian securities in GIFT-IFSC.
Derivative Instruments
- In April 2024,With a view to facilitating wider non-resident participation in Sovereign Green
Bonds (SGrBs), a scheme for investment and trading in these bonds is available at the -________ - In April 2024,the constituted a standing
committee to prepare a framework for launching climate finance products. The committee aims to
transform GIFT City (Gujarat International Finance Tec-City) into a climate finance hub.
3.In February 2024, _____ has
issued new regulations for fintech firms looking to provide payment services at the tax-free centre.
Payment Service Providers (PSPs) will now have to apply for a separate licence with the IFSCA, aside
from their existing authorisation from the Reserve Bank of India (RBI), the banking regulator.
International Financial Services Centres Authority (IFSCA)
Which organisation has recently(in may ‘24) received No Objection Certificate (NOC) from
the Reserve Bank of India (RBI) to establish a wholly-owned subsidiary in IFSC, Gujarat
International Finance Tec-City (GIFT City)?
REC Limited
- In January 2024, ____ got approval from Ministry of
Petroleum and Natural Gas (MoPNG) to establish a wholly-owned subsidiary company for green
energy and gas business. - In March 2024, _____ and Bharat Heavy Electricals Limited (BHEL) signed a joint
venture agreement (JVA) to establish an ammonium nitrate plant in the Lakhanpur area of Mahanadi
Coalfields Limited (one of the subsidiaries of CIL), Odisha. - In April 2024, The Department of Public Enterprise(DPE) under the Ministry of Finance has granted
the Navratna status to _____ a Public Sector Undertaking (PSU) under
Department of Fertilizers, Ministry of Chemicals and Fertilizers(MoCF)
Oil and Natural Gas Corporation Limited (ONGC)
Coal India Limited (CIL)
National Fertilizers Limited(NFL),
In May 2024, Who was elected as the New President of the Republic of Panama?
José Raúl Mulino
In March 2024 - _____Defence Minister Prabowo Subianto Djojohadikusumo was elected as
the new President of _____ through a General Election.
4. In February 2024, Prime Minister (PM) Alexander Stubb won the run-off
presidential election to become the _____.
Indonesian
13th President of Finland
Who has been recently (in may ‘24) appointed as the Chief Executive Officer (CEO) of Paytm
Money, a subsidiary of One97 Communications Limited?
Rakesh Singh
- In February 2024, Tata Group appointed _____as the new Managing Director (MD) &
Chief Executive Officer (CEO) of Tata Digital Private Limited with effect from 19th February 2024. - On March 23, 2024; _______, Chief Executive Officer (CEO) and Managing
Director (MD) of the Central Bank of India, was elected as the Chairman of the Indian Banks’
Association (IBA) for the term 2023-2024. - In February 2024, _____ was appointed as the Managing Director (MD) and Chief
Executive Officer (CEO) of SBM Bank (India) Limited (SBM Bank India) for a period of 3 years, with
effect from February 17, 2024.
Naveen Tahilyani
Matam Venkata Rao (MV Rao)
Ashish Vijayakar
In which bank, Carlyle Group Inc., through its affiliate CA Basque Investments, divested a 2%
stake for Rs 1,441 crore through an open market transaction?
YES Bank
