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Static GK Test 602
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Static GK Test 602
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  • Question 1/10
    1 / -0.25

    In May 2023, the union govt has approved the digital reporting and communication mechanism between banks and the Central Economic Intelligence Bureau (CEIB) to plug defaults on loans of over ___________.
    Solutions

    * The correct answer is 'Rs 50 crore'.

    Other information:

    * The Central government has cleared a prompt digital reporting and communication mechanism between banks and Central Economic Intelligence Bureau (CEIB) to plug defaults on loans of over Rs 50 crore.

    * Under this mechanism, CEIB will send a report digitally regarding borrowers to the PSU banks for a loan amount of Rs 50 crore or higher at the pre-approval stage within 15 days of request.

    * The new system will require banks to submit their requests to CEIB through dedicated emails in a specific format.

  • Question 2/10
    1 / -0.25

    In May 2023, which of the following banks collaborated with the Manipal Global Academy of BFSI to launch its Future Banker 2.0 programme?
    Solutions

    * The correct answer is 'HDFC Bank'.

    Other Information:

    * HDFC Bank has partnered with Manipal Global Academy of BFSI to launch its Future Banker 2.0 programme.

    * Aim: To groom young graduates into banking professionals within a year

    * The nationwide recruitment initiative seeks to establish a talent pipeline for the bank's retail banking division.

    * The one-year professional diploma incorporates classroom sessions, guest lectures, group discussions, role plays, and practical fieldwork.

    * It also includes eight months of paid internship.

  • Question 3/10
    1 / -0.25

    In May 2023, The ADB and the Indian government signed a loan agreement of USD 141.12 million for the infrastructural development in three industrial clusters situated in ____________.
    Solutions

    * The correct answer is 'Andhra Pradesh'.

    Other information:

    * The Indian government has signed a loan agreement of USD 141.12 million with the Asian Development Bank for the development of infrastructure in three industrial clusters situated in Andhra Pradesh.

    * This financing is the second tranche of the 500 million multi-tranche financing facility.

    * Aim: To promote industrialization to increase the share of manufacturing in the state’s gross domestic product, build competitiveness and create jobs in the project's target areas

  • Question 4/10
    1 / -0.25

    Name the non-life insurance organization that launched the General Surety Bond Bima (Conditional & Unconditional)' insurance product for infrastructure projects. (May 2023)
    Solutions

    * The correct answer is 'SBI General Insurance'.

    Other insurance:

    * SBI General Insurance has launched the General Surety Bond Bima (Conditional & Unconditional)' insurance product for infrastructure projects.

    * Surety Bond Insurance will act as a security arrangement for infrastructure projects and will insulate the contractor as well as the principal (contract awarding authority).

    * Aim: To provide protection against breach of terms and conditions by the contractors either during the bidding stage or during the performance stage of a project

  • Question 5/10
    1 / -0.25

    In May 2023, which of the following banks has signed an MoU with the IIT Kanpur to provide crucial support to the startups incubated at SIIC?

    Solutions

    * The correct answer is 'Yes Bank'.

    Other information:

    * The Startup Incubation and Innovation Centre (SIIC) at the IIT Kanpur joined hands with YES Bank by signing an MoU that seeks to provide crucial support to the startups incubated at SIIC.

    * Aim: To identify innovative startups and extend them the necessary financial backing

    * It bolsters the startup ecosystem in India by granting these ventures access to a wide range of resources through YES Bank’s specialized startup-focused program called YES Head Startup.

  • Question 6/10
    1 / -0.25

    Which of the following bank has adopted the Azure Red Hat OpenShift to transform its next-generation mobile banking applications?
    Solutions

    * The correct answer is 'Yes Bank'.

    Other information:

    * As per the announcement of Red Hat, Inc., YES BANK has adopted Azure Red Hat OpenShift to transform its next-generation mobile banking applications for an efficient mobile banking experience for its customers.

    * This platform will enable YES BANK to improve customer experience and provide innovative banking solutions.

    * These applications will have the agility and flexibility to increase the demand and also support creating a seamless customer experience across multiple banking solutions.

  • Question 7/10
    1 / -0.25

    In May 2023, ‘Tiger Shark 40’, is a joint naval drill exercise, between Bangladesh and __________.
    Solutions

    * The correct answer is 'US'.

    Other information:

    * The Joint Bangladesh-US Naval drill Exercise ‘Tiger Shark 40’ has started at BNS Nirvik in Chattogram.

    * Aim: To increase the strategic capabilities of both countries and to acquire mutual technical and procedural knowledge

    * It is being undertaken to improve the existing good relations between the armed forces of the two countries.

    * Special Forces of Bangladesh Army and Navy and US Special Forces participated in this training exercise held under the management of Commodore Swords Command.

  • Question 8/10
    1 / -0.25

    In the context of the 'State and Trends of Carbon Pricing” report, which of the following statements is/are correct?

    1. This report was published by the World Bank.

    2. As per this report, the revenues from carbon taxes and Emissions Trading Systems (ETS) have reached a record high, about $95 billion.

    3. The report suggested that the prices are moderate to drive the changes needed to meet the Paris climate accord target.

    Choose the correct code:

    Solutions

    * The correct answer is '1 and 2'.

    Other information:

    * According to the World Bank’s annual “State and Trends of Carbon Pricing” report, revenues from carbon taxes and Emissions Trading Systems (ETS) have reached a record high, about $95 billion.

    * This is despite the challenging context for governments facing high inflation, fiscal pressures, and energy crises.

    * As per the report, the prices are still too low to drive the changes needed to meet Paris climate accord target.

    * Several countries are using a price on carbon emissions to help meet their climate goals in the form of a tax, Emissions Trading System (ETS), or cap-and-trade system.

    * There are currently 73 global carbon pricing instruments in operation covering around 23% of global greenhouse gas emissions.

    * As of April 1, 2023 less than 5% of global greenhouse gas emissions are covered by a direct carbon price at or above the range recommended by 2030.

  • Question 9/10
    1 / -0.25

    In May 2023, who among the following will be honored with the Outstanding Achievement in Indian Cinema award at the 23rd IIFA Awards?
    Solutions

    * The correct answer is 'Kamal Hasan'.

    Other information:

    * Veteran actor, Kamal Haasan will be honored with the Outstanding Achievement in Indian Cinema award at the 23rd IIFA Awards 2023, held at Yas Island, Abu Dhabi, UAE.

    * He was awarded various awards including Padma Shri (1990), Padma Bhushan (2014), and Ordre des Arts et des Lettres (Chevalier) in 2016.

    * While Ritesh Deshmukh and Genelia D'Souza will be honored with Outstanding Achievement in Regional Cinema.

    * Manish Malhotra will also receive the Outstanding Achievement Award in Fashion in Cinema.

  • Question 10/10
    1 / -0.25

    Which of the following airlines has successfully operated India's first commercial flight on the Pune-Mumbai sectors using sustainable aviation fuel (SAF) blend?
    Solutions

    * The correct answer is 'AirAsia India'.

    Other information:

    * Air India’s subsidiary, AirAsia India has successfully operated India's first commercial flight on the Pune-Mumbai sectors using an indigenously produced sustainable aviation fuel (SAF) blend.

    * Flight I5767 flew from Pune to Delhi, powered by SAF blended aviation turbine fuel (ATF).

    * It was supplied by Indian Oil Corporation in partnership with Praj Industries, which provided the technology for the blend.

    * SAF:

    * It is also referred to as bio-jet fuel.

    * SAF made from renewable biomass and waste resources

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