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Mains CA > May 2023 Part 1 > Flashcards

May 2023 Part 1 Flashcards

1
Q
  1. The Centre has decided to extend the Smart Cities Mission deadline by one year, from __.
  2. The flagship mission was launched on __
  3. It involves the development of __ cities into smart cities.
  4. The Union Ministry of __ is responsible for implementing the mission.
  5. Centre to State share..?
A
  1. June 2023 to June 2024
  2. June 25, 2015
  3. 100
  4. Urban Development
  5. 50:50
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2
Q
  1. __, the world’s first social currency payment card has launched in __.
  2. It is powered by __, the platform will allow everyday social media users (with as little as 1K followers) to leverage their Instagram following to earn massive cashbacks on everyday spends.
  3. The startup raised __ in pre-seed funding, led by __.
A
  1. WYLD, Mumbai, Maharashtra
  2. Visa
  3. $350,000, Better Capital
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3
Q

CEO of WYLD

A

Dishant Sanghvi

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4
Q

VISA
1. Industry
2. Founded on
3. Founded by
4. Chairman
5. CEO
6. Headquarters

A
  1. Financial Services
  2. 1 September 1958, Bank Americard , Fresno, California
  3. Dee Hock
  4. Alfred F. Kelly Jr
  5. Ryan Mclnerney
  6. San Francisco, California
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5
Q

NITI Aayog’s annual 5th edition of ‘State Health Index’
1. State Health Index was launched by the NITI Aayog in __ to measure the performance of states and UTs on a weighted composite score incorporating __ health performance indicators.
2. The Aayog brings out the index (annually) in collaboration with the __.
3. According to the NIT Aayog’s annual ‘State Health Index’ (5th edition) for the Covid year of 2020-21, the three southern states of __ emerged as the top performers among the ‘larger states’.
4. Worst performer larger states: __ ranked 19th, 18th, and 17th, respectively
5. Incremental performance from 2019-20 to 2020-21: __ have emerged as the top three performers among the larger states.
6. In the category of smaller states: __ has demonstrated the best overall performance, followed by __.
7. On the other hand, __ occupy the bottom three positions.
8. Among the UTs: __ has secured the top position in terms of overall performance, while __ has been placed at the bottom.

A
  1. 2017, 24
  2. Union Health Ministry and World Bank
  3. Kerala, Tamil Nadu and Telangana
  4. Bihar, UP and MP
  5. Rajasthan, Uttarakhand, and Odisha
  6. Tripura, Sikkim and Goa
  7. Arunachal Pradesh, Nagaland and Manipur
  8. Lakshadweep, Delhi
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6
Q

NITI Aayog
1. EXPAND
2. Formed on
3. Headquarters

A
  1. National Institution for Transforming India
  2. 1 Jan 2015
  3. Delhi
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7
Q

World Bank
1. Established
2. Headquarters
3. The World Bank Group is an extended family of five international organizations. What are they?
4. Members
5. President (REPLACED?)

A
  1. 7 July 1944, Brettonwood Conference
  2. Washington DC
  3. International Bank for Reconstruction and Development (IBRD)
    International Development Association (IDA)
    International Finance Corporation (IFC)
    Multilateral Investment Guarantee Agency (MIGA)
    International Centre for Settlement of Investment Disputes (ICSID)
  4. 189
  5. Ajay Banga( David Malpass)
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8
Q
  1. The Reserve Bank of India (RBI) and the BIS have announced the launch of the __.
  2. Expand BIS
  3. The TechSprint 2023 will focus on three problem statements formulated by the (BISIH) and RBI. The problem statements include the following:
A
  1. G20 TechSprint 2023
  2. Bank for International Settlements
    1. Anti-Money Laundering/Countering the Financing of Terrorism (AML/ CFT)
  4. Sanctions technology solutions to reduce illicit finance risk, forex (FX), and liquidity technology solutions to enable settlement in emerging market and developing economy (EMDE) currencies
  5. Technology solutions for multilateral cross-border central banking digital currency (CBD C) platforms.
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9
Q

BIS
1. Expand
2. Established
3. Purpose
4. Location
5. Members
6. General Manager

A
  1. Bank of International Settlements
  2. 17 May 1930
  3. Central Bank Cooperation
  4. Basel, Switzerland
  5. 63
  6. Agustín Carstens
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10
Q
  1. Reserve Bank of India in collaboration with the GFIN invites firms to participate in __.
  2. __ refers to act of providing the public or investors with misleading or outright false information about the environmental impact of a company product’s and operations.
  3. TechSprint is organized by the __.
  4. The Reserve Bank of India (RBI) will be among 13 international regulators taking part in the GFIN’s first-ever __.
  5. The TechSprint will launch on __ and will run for 3 months, ending with a showcase day in September 2023.
A
  1. Greenwashing TechSprint
  2. Greenwashing
  3. Global Financial Innovation
    Network (GFIN)
  4. Greenwashing TechSprint
  5. 5th June
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11
Q
  1. The GFIN was formally launched in __ by an international group of financial regulators and related organizations.
  2. It is a network of over __ international organizations committed to supporting financial innovation in the interests of consumers.
  3. GIN is currently being chaired by the __.
  4. Members from India:
A
  1. January 2019
  2. 80
  3. Financial Conduct Authority (UK)
  4. International Financial Services Centre Authority (IFSCA)
    Insurance Regulatory and Development Authority of India (IRDAI)
    Pension Fund Regulatory & Development Authority (PFRDA)
    RBI
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12
Q
  1. Startup India, Ministry of Commerce has organized third edition of Shanghai Cooperation Organization Startup Forum in __.
  2. Foreign Ministers of SCO member countries meet in __.
  3. __ becomes 1st Pakistan foreign minister to visit India in 12 years
A
  1. New Delhi
  2. Goa
  3. Bilawal Bhutto
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13
Q

SCO
1. Expand
2. Predecessor
3. Formation
4. Headquarters
5. Members
6. Observers
7. Guest attendees
8. Official Language
9. Secretary General
10. RATS Executive Committee Director

A
  1. Shanghai Cooperation Organisation
  2. Shanghai 5
  3. 15 June 2001
  4. Beijing, China ( Secretariat), Tashkent, Uzbekistan (RATS Executive)
  5. China, India, Iran, Kazakhstan, Pakistan,Russia, Kyrgyzstan, Tajikistan, Uzbekistan
  6. Afghanistan, Belarus and Mongolia
  7. ASEAN, CIS, Turkmenistan and UN
  8. Chinese and Russian
  9. Zhang Ming
  10. Ruslan Mirzaev
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14
Q
  1. NHA estimates for 2019-20 is the __ consecutive NHA estimates report
  2. Expand NHA
  3. __ describe health expenditures and flow of funds in the country’s health system over a financial year of India.
  4. It is prepared by __ since __.
  5. Total Health Expenditure (THE) for India: Rs. __ crores (__% of GDP and Rs. __ per capita).
  6. Current Health Expenditure (CHE):Rs.__ crores (__% of THE)
  7. Capital expenditures: ₹ __ crores (__ % of THE).
A
  1. seventh
  2. National Health Accounts
  3. Health Accounts
  4. National Health Systems Resource Centre, 2014
  5. 6,55,822, 3.27%, 4863
  6. 5,93,659, 90.52%
  7. Rs. 62,163 crores, 9.48%
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15
Q
  1. India’s leading name in fintech, __ has acquired a 51% majority stake in Trillion Loans.
  2. Trillion Loans is a __-based NBC (Non- Banking Financial Company).
A
  1. BharatPe
  2. Mumbai, Maharashtra
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16
Q

BharatPe
1. Private/Government company?
2. Founded on
3. Headquarters
4. Chairman
5. Executive Director

A
  1. Private
  2. 2018
  3. New Delhi
  4. Rajneesh Kumar
  5. Shashvat Nakrani
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17
Q
  1. SBIFML has received Reserve Bank of India (RBI) approval to increase stake in __ to 9.99% in 6 months i.e. by November 15, 2023.
  2. Expand SBIFML
A
  1. HDFC Bank
  2. SBI Funds Management Limited
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18
Q

JSW Steel to acquire 100% stake in __ for Rs __ crore.

A

National Steel and Agro Industries, ₹621 crore

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19
Q

RBI to transfer Rs. __ crore surplus to government for FY23, up from Rs.30,307 crore a year earlier

A

87,416

20
Q

The Union Health Ministry of India has recently unveiled the ambitious 75/25 initiative on World Hypertension Day 2023 to ensure that 75 million individuals suffering from hypertension and diabetes receive standardized care by 2025, primarily through __.

A

Primary Health Centers PHCs

21
Q
  1. The Reserve Bank of India - RBI has asked banks and financial institutions to adopt by __, a widely accepted Alternative Reference Rate, such as the SOFR, to complete the transition from the scandal-hit LIBOR and MIFOR
  2. Expand SOFR, LIBOR, MIFOR
  3. Banks and Private Companies were using LIBOR as the benchmark rate for __. It was a key benchmark for setting the interest rates charged on adjustable-rate loans, mortgages and corporate debt.
  4. LIBOR is being phased out because of the role it played in worsening the __, as well as scandals involving LIBOR manipulation among rate-setting banks.
  5. The MIFOR, a domestic interest rate benchmark reliant on § LIBOR, will also cease to be published by __ after June 30, 2023.
  6. New transactions are now predominantly undertaken using SOFR and MMIFOR. Expand MMIFOR
A
  1. July 1 2023
  2. Secured Overnight Financing Rate, London Interbank Offered Rate, Mumbai Interbank Forward Outright Rate
  3. raising funds abroad
  4. 2008 Financial Crisis
  5. Financial Benchmarks India Pt Ltd
  6. Modified Mumbai Interbank Forward Outright Rate
22
Q
  1. The __ announced the IF-CAP, a landmark program which could significantly ramp up support for the region in the battle against climate change.
  2. Expand IF-CAP
  3. The announcement was made by ADB President __ on the opening day of ADB’s 56th Annual Meeting in Incheon.
  4. IF-CAP’s initial partners are __.
  5. IF-CAP financing will contribute to AD B’s raised ambition for $__billion from its own resources for climate change for 2019-2030.
A
  1. Asian Development Bank - ADB
  2. Innovative Finance Facility for Climate in Asia and the Pacific
  3. Masatsugu Asakawa
  4. Denmark, Japan, the South Korea, Sweden, the United Kingdom, and the United States
  5. 100
23
Q

5th edition of Global Ayurveda Festival to be held in __ in December 2023

A

Thiruvananthapuram

24
Q

ADB
1. Expand
2. Headquarters
3. Membership
4. Region Served
5. President
6. Formation

A
  1. Asian Development Bank
  2. Mandaluyong, Philippines
  3. 68 countries
  4. Indo-Pacific
  5. Masatsugu Asakawa
  6. 19 December 1966
25
Q

May UN WEEKS
1. UN Global Road Safety Week:
2. International Week of Solidarity with the Peoples of Non-Self-Governing Territories:

A
  1. 15th - 21st May
  2. 25-31 May
26
Q

UN DAYS 2023
1. MAY 2
2. May 3
3. May 5
4. May 8
5. May 10
6. May 12
7. May 13
8. May 15
9. May 16
10. May 17
11. May 20
12. May 21
13. May 22
14. May 23
15. May 29
16. May 31

A
  1. World Tuna Day
    THEME: “The global Tuna Industry: Trailblazing through tough times”.
  2. World Press Freedom Day, THEME: “Shaping a Future of Rights: Freedom of Expression as a Driver for all other human rights.”
  3. “Vesak”, the Day of the Full Moon and World Portuguese Language Day
  4. Time of Remembrance and Reconciliation for Those Who Lost Their Lives during the Second World War
  5. International Day of Argania, THEME: “Socio-economic development & sustainability of the Argan ecosystem”.
  6. International Day of Plant Health, THEME: Plant Health for Environmental Protection
  7. World Migratory Bird Day(Second Saturday in May & Second Saturday in
    October), THEME: Water and its importance for Migratory Bird
  8. International Day of Families, THEME: Demographic Trends and Families
  9. International Day of Living Together in Peace and International Day of Light, THEME: “Light for the Future.”
  10. World Telecommunication and Information Society Day, THEME: “Enabling the least developed nations through information and communication technologies.”
  11. World Bee Day, THEME: “Engaging in Pollinator-Friendly Agricultural Production.”
  12. International Tea Day and World Day for Cultural Diversity for Dialogue and Development
  13. International Day for Biological Diversity, THEME: “From Agreement to Action: Build Back Biodiversity”
  14. International Day to End Obstetric Fistula, THEME: “20 years on – progress but not enough! Act now to end fistula by 2030!”.
  15. international day of un peacekeepers
  16. World No Tobacco Day, THEME: “Grow food, not tobacco”.
27
Q

As per World Health Organization report, over 4.5 million women and babies die every year during pregnancy, childbirth or the first weeks after birth, equivalent to one death happening every __.

A

seven seconds

28
Q
  1. World Hypertension Day is observed every __ in order to raise awareness and promote hypertension prevention, detection and control.
  2. Theme:
A
  1. May 17th
  2. Measure Your Blood Pressure Accurately, Control It, Live Longer
29
Q
  1. The Union Minister of Agriculture and Farmers Welfare Government of India, Shri Narendra Singh Tomar inaugurated the __ at NIPHM Hyderabad, Telangana.
  2. Expand NIPHM
A
  1. Integrated Biological Control Laboratory
  2. National Institute of Plant Health Management
30
Q

Ministry of Corporate Affairs - MCA has established the __ to streamline the process of removing companies from the MCA Register.

A

Centre for Processing Accelerated Corporate Exit [C-PACE]

31
Q
  1. Mumbai ranks __ among 46 cities globally in terms of annual price growth of high-end residential properties with appreciation of 5.5%, according to Knight Frank.
  2. __ clinched the top position globally with an increase of 44.2% in prime residential properties values.
A
  1. 6th
  2. Dubai
32
Q

Elon Musk names NBCU advertising chief __ as Twitter CEO

A

Linda Yaccarino

33
Q
  1. __, the homegrown card network developed by NPCI, went live on Card on File Tokenization in 2021, in line with RBI’s guidelines, for its domestic ecommerce transactions to ensure better security for all its cardholders.
  2. This new CVV-less experience ensures that the cardholder will not have to reach out to their wallet or remember any card details, if they have saved (Tokenized) their card on the ecommerce merchant which supports this feature.What is Tokenisation?
A
  1. RuPay
  2. Tokenization is a simple technology to secure card transactions without sharing the clear or real card details with the merchants.
34
Q

__ breaks IPL record for fastest half-century; smashes fifty in just 13 balls

A

Yashasvi Jaiswal

35
Q

Global economic growth is projected to be __% in 2023, up 0.4% from a January 2023 forecast, and the prediction for 2024 has dropped 0.2% to __%, according to a United Nations report titled World Economic Situation and Prospects.

A

2.3%, 2.5%

36
Q

India & __ launch 50 Start-ups Exchange Programme

A

Bangladesh

37
Q
  1. Union Minister Ashwini Vaishnaw launched __, an artificial intelligence-based portal that will enable telecom users to trace and block their lost or stolen phones, even if a new SIM is inserted.
  2. The main feature of __ is that the portal will help in protecting the personal data on stolen or lost phones and will allow them to be disconnected from any network provider.
A
  1. Sanchar Saathi
  2. Sanchar Saathi
38
Q

The Indian mattress brand, Duroflex appoints __ as Brand Ambassador

A

Virat Kohli

39
Q

UN General Assembly declares November 26 as

A

World Sustainable Transport Day

40
Q

Centre appoints __ as Competition Commission of India - CCI Chairperson

A

Ravneet Kaur

41
Q
  1. Union Minister Kiren Rijiju takes charge of Ministry of __
  2. __ replaced Kiren Rijiju as Law Minister
A
  1. Earth Sciences
  2. Arjun Ram Meghwal
42
Q

Tata Group Chairman __ has been given France’s highest civilian award National Order of the Legion of Honour - Chevalier de la Legion d’honneur for his contributions to strengthen the trade relationship between India and France.

A

N Chandrasekaran

43
Q

Indian Army conducts Flood Relief Exercise __ in Assam

A

Jal Rahat

44
Q

World Bank approves $ 82 million for Prevention of __ in India

A

Zoonotic, Endemic Diseases

45
Q
  1. Spending in foreign exchange through international Credit Card will be covered under the Reserve Bank of India’s __, under which a resident can remit money abroad up to a maximum of $2.50 lakh per annum without the authorization of the central bank.
  2. The ministry notified the __, 2023, to include international credit card payments in the LRS.
  3. Any remittance beyond $2.5 lakh or its equivalent in foreign currency would require approval from the RBI. Earlier, the usage of international Credit Cards for making payments for fulfilling expenses during travel outside India was not included in the __.
  4. The Union Budget 2023-24 hiked TCS rates to 20%, from 5% currently, on overseas tour packages and funds remitted under LRS (other than for education and medical purposes) if exceeds —.
  5. The new tax rates will come into effect from __, 2023.
A
  1. Liberalized Remittance Scheme - LRS
  2. Foreign Exchange Management (Amendment) Rules
  3. LRS limit
  4. ₹7 lakhs
  5. July 1st

Mains CA (10 decks)

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