Mistake Point

• The question asks about Language Panel and NOT the whole note.

Key Points

• Contemporary Currency notes have 15 languages on the panel which appears on the reverse of the note.
• Source - https://www.rbi.org.in/scripts/ic_languagepanel.aspx
• Languages included on the panel are Assamese, Bengali, Gujarati, Kannada, Kashmiri, Konkani, Malayalam, Marathi, Nepali, Odia, Punjabi, Sanskrit, Tamil, Telugu, and Urdu.
• The Reserve Bank has the sole authority to issue banknotes in India.
• Reserve Bank, like other central banks the world over, changes the design of banknotes from time to time.
• The Reserve Bank has introduced banknotes in the Mahatma Gandhi Series since 1996 and has so far issued notes in the denominations of Rs.5, Rs.10, Rs.20, Rs.50, Rs.100, Rs.500 and Rs.2000 in this series.

The correct answer is Frontier Gandhi.

Key Points

• Khan Abdul Ghaffar Khan:
  • He was called 'Frontier Gandhi’ in India and ‘Bacha Khan’ in Pakistan.
  • The arrest of Abdul Ghaffar Khan in 1930 led to angry demonstrations in the streets of Peshawar.
  • The Khudai Khidmatgar (literally Servants of God), led by Khan Abdul Ghaffar Khan, was a group of Pashtuns committed to the removal of British rule through non-violent methods.
  • On 23 April 1930, Ghaffar Khan was arrested after giving a speech in Utmanzai urging resistance to British rule.
  • This led to demonstrations by a cross-section of civil society in and around Peshawar, led by Maulana Abdur Rahim Popalzai against discriminatory laws like the Frontier Crimes Regulation against the people of the province.

Important Points

The correct answer is 12.

• There are 12 Schedules in the Constitution of India.
• One of the first mentions of Schedules was made in the Government of India Act, 1935 where it included 10 Schedules.
• Indian Constitution originally had eight schedules.

Key Points

The correct answer is Razorpay.

In News

• Razorpay launched country’s first UPI-Led QR stack for enterprises.

Key Points

• This innovative solution aims to revolutionize the ways businesses transact and interact with money.
• By offering QR-based payments and contactless tap card payments, Razorpay is driving the adoption of digital payments in organized retail.
• The solution addresses the challenges faced by organized retail stores in adopting QR code payments efficiently.
• Razorpay's initiative aims to streamline payment processes, reduce transaction times, and enhance the overall payment experience for both customers and retailers.
• The launch of this UPI-Led QR Stack for Enterprises signifies Razorpay's commitment to transforming India's retail payments landscape.

The correct answer is 1 billion meals

In News

• Over one billion meals were wasted daily globally in 2022, According to the Food Waste Index Report 2024

Key Points

• Despite this waste, 783 million people struggled with hunger, and a third of humanity faced food insecurity.
• The Food Waste Index Report 2024 was jointly authored by the United Nations Environment Programme (UNEP) and WRAP (Waste and Resources Action Programme).
• It was released ahead of the International Day of Zero Waste (March 30), the report highlighted that 1.05 billion tonnes of food waste were generated in 2022, including inedible parts.
• This amounted to 132 kilograms per capita and nearly one-fifth of all food available to consumers.
• The report pointed out that 60% of food waste occurred at the household level, with food services responsible for 28% and retail for 12%.

The correct answer is Jawaharlal Nehru.

Key Points

• Congress passed the Poorna Swaraj resolution in December 1929 in the Lahore session.
• Jawaharlal Nehru was the president of the December 1929 Lahore session.
• Lord Irwin (1926-1931) was The Viceroy of India when Congress passed the resolution for Poorna Swaraj.
• Important sessions

Lahore Session 1929

• The Purna Swaraj declaration or Declaration of the Independence of India was promulgated by the Indian National Congress on 19 December 1929.
• President: Pt Jawaharlal Nehru.
• Viceroy of India - Lord Irwin

Gaya Session-1922

• C.R.Das and other leaders broke out from Congress.
• Presided by CR Das

Kanpur Session 1925

• Sarojini Naidu is the first Indian woman president of INC in the 1925 Kanpur session.
• Sarojini Naidu became the second woman to preside over the Congress after Annie Besant

Surat Session 1907

• The Surat session was presided by Dr. Rash Behari Ghosh.
• The Indian National Congress split into two groups-the the extremists and the moderates-at the Surat session in 1907.
• The extremists were led by Lok Manya Tilak, Lajpat Rai and Bipin Chandra Pal and the moderates were led by Gopal Krishna Gokhale.

Karachi Session 1931

• The Karachi Congress Session 1931 was presided over by Sardar Vallabhbhai Patel.
• The session was to endorse the Gandhi Irwin Pact 1931.

The correct answer is Bhil.

Key Points

• Gawari, Hathimana, and Gair dance are performed by the Bhil tribes of Rajasthan.
• Kalbelia, Bhawai, Shankariya, Paniyari, Indoni are the Professional folk dances of Rajasthan.
• Agni, Terahtaali, Gavri, Languria, Ghoomar, Ghudla are social & religious folk dances of Rajasthan.

Additional Information

Some of the dances performed by different tribes of Rajasthan:

The correct answer is RBI.

• The Reserve Bank of India (RBI) is vested with the responsibility of conducting monetary policy. This responsibility is explicitly mandated under the Reserve Bank of India Act, 1934.
• Monetary policy refers to the use of monetary instruments under the control of the central bank to regulate magnitudes such as interest rates, money supply and availability of credit with a view to achieving the ultimate objective of economic policy.
• The Monetary Policy Committee (MPC) constituted by the Central Government under Section 45ZB determines the policy interest rate required to achieve the inflation target.
• The primary objective of monetary policy is to maintain price stability while keeping in mind the objective of growth. Price stability is a necessary precondition to sustainable growth.

The correct answer is Red Fort.

Key Points

• On 15 August 1947, the first Prime Minister of India, Jawaharlal Nehru raised the Indian national flag above the Lahori Gate of the Red Fort in Delhi.
• From August 15, 1947, to 1964, he unfurled the Indian flag at Red Fort for continuous 17 years.​
• Every year, the Prime Minister of India unfurls the flag at the Red Fort, but there are some who got a chance to become PM of India but were not able to hoist the flag at the iconic monument.

Additional Information

• List of Prime Ministers who hoisted the flag at Red Fort more than five times:
  • Indira Gandhi - From 1966 to 1977, she got the opportunity for nothing less than 11 times.
  • Manmohan Singh - Ex-Prime Minister of India unfurled the flag 10 times. 
  • Narendra Modi - Current Prime Minister of India, Narendra Modi has been hoisting the Indian flag at the Red fort since 2014 till date.
  • Atal Bihari Vajpayee - He is the only non-Congress Prime Minister who has unfurled the Indian Flag at Red Fort six times.
  • Rajiv Gandhi and Narasimha Rao unfurled the Indian flag five times each.

The correct answer is Finance Minister

Key Points

• After the merger of the Railway budget with the General budget, the Finance Minister now presents both the Railway budget and the General budget in the parliament.
• This significant change occurred in 2017, when the late Arun Jaitley, who was the Finance Minister at the time, delivered the first combined Budget for the financial year 2017-18.

• The practice of a separate budget for Railways was started in 1924.
• It was done on the recommendations of the Acworth Committee.
• At that time the railway budget constituted around 84% of the total budget and therefore it was recommended to separate it from the general budget.
• But with a time budget of other ministries also started increasing and some of them even overtook the budget of Railways.
• In 2016 the railway budget shrank to almost 15% of the total budget and hence the idea to merge it with the general budget was proposed by the Union government in 2016.

Additional Information

• About Budget:
  • ​In our Constitution, the term 'budget' finds no mention.
  • The term 'Annual Financial Statement' refers to the budget and Article 112 deals with provisions related to it.
  • The budget is prepared by the Department of Economic Affairs, Ministry of Finance
  • The Finance Minister presents the budget in the Lok Sabha.
  • The budget is presented on February 1.
  • But before 2017, it used to be presented on the last day of February.