1.Who has been appointed as Chief Economist and Vice President of the World Bank?
A. Carmen Reinhart
B. Arvind Subramaniam
C. Michael Kramer
D. Abhijeet Banerjee
2.The Union Cabinet has extended Pradhan Mantri Vaya Vandana Yojana (PMVVY) till which year?
3.eCommerce major Flipkart has partnered with which General Insurance Company to offer a digital motor insurance policy to Flipkart’s customers?
A. Apollo Munich Health Insurance
B. Bharti AXA General Insurance Company
C. Bajaj Allianz General Insurance Company
D. HDFC Ergo General Insurance Company
4.Which state/UTs Department of Information and Public Relations has started an initiative “SUKOON – COVID-19 Beat the Stress” programme?
B. Himachal Pradesh
D. Jammu and Kashmir
5.Who has been appointed as the President of Indian Steel Association (ISA)?
A. Dilip Ummen
C. Sudhanshu Saraf
D. Nilesh Narvekar
6.The National Anti-Terrorism Day is celebrated every year on which date in India?
A. 20 May
B. 21 May
C. 22 May
D. 23 May
7.The United Nations observes International Tea Day every year on which date?
A. 22 May
B. 23 May
C. 21 May
D. 24 May
8.Consider the following statements :
1.Earth’s magnetic field is WEAKENING between Africa and South America.
2.According to the European Space Agency, this area is spread in about 20 thousand km from Africa to South America.
Which of the above statement/statements are correct?
A. 1 only
B. 2 only
C. Both 1 and 2
D. Neither 1 nor 2
9.Consider the following statements:
1.Cabinet approves Special Liquidity Scheme for NBFCs/HFCs to address their Liquidity Stress.
2.It has been announced in the Budget Speech of 2019-20 that a mechanism would be devised to provide additional liquidity facility to NBFCs/HFCs over that provided through the Partial Credit Guarantee Scheme (PCGS).
3.The Scheme will be administered by the Department of Financial Services, which will issue the detailed guidelines.
Which of the statements given above is/are correct?
A. 1 and 2 are correct
B. 1 and 3 are correct
C. 2 and 3 are correct
D. All of the above
10.Consider the following statements:
1.Coir Geotextiles gets the nod for Rural Road Construction.
2.It is a permeable fabric, natural, strong, highly durable, resistant to rots, moulds and moisture, free from any microbial attack.
The World Bank named Carmen Reinhart (former Bear Stearns executive) as its chief economist. She is currently serving on advisory boards of the IMF and the New York Federal Reserve. Reinhart is an expert in international capital flows and sovereign debt crises. She replaced Pinelopi Goldberg who left the position on March 15. She is also the author of book “This Time is Different: Eight Centuries of Financial Folly”.
The Union Cabinet has extended the PMVVY or Pradhan Mantri Vaya Vandana Yojana, till March 31, 2023. It is a social security scheme for senior citizens for those who are above 60. The government has fixed its annual rate of return at 7.4% for financial year 2020-21. Now, Senior citizens will have time till March 31, 2023 to invest in Pradhan Mantri Vaya Vandana Yojana which provides higher return than any bank.
Guarantee of minimum pension
An e-commerce major, Flipkart and Bajaj Allianz General Insurance Company have tied-up to offer a digital motor insurance policy to Flipkart’s customers. This partnership between the insurance company and an e-commerce major, will provide seamless, accessible as well as flexible insurance solution to the customers of Flipkart in order to safeguard their vehicles. Flipkart Consumers can subscribe to this motor-insurance policy using their Flipkart app. With this partnership, the Bajaj Allianz General Insurance Company will have a wider distribution base on the e-commerce platform, hence enabling it to offer best in class services to the customers of Flipkart by offering them suitable solutions.
Jammu & Kashmir’s Department of Information and Public Relations has launched programme ‘SUKOON’: COVID-19 Beat the Stress. The programme is launched to spread awareness about psychological impact of lockdown and its measures. It will be telecasted on Doordarshan Kashmir Channel at 9 PM every Tuesday. Eminent doctors, psychiatrists and scientists will be chairing the show sharing their knowledge of stress management.
Dilip Ummen will be the new president of the Indian Steel Association. He is currently the CEO of ArcelorMittal Nippon Steel India. He was unanimously elected chairman for the next two years. He will replace Tata Steel CEO TV Narendran, who has decided to step down as chairman from May 1. Ummen, having more than 37 years of experience, is an alumnus of Indian Institute of Technology, Kharagpur as well as a professional veteran of the steel industry.
Anti Terrorism Day 2020 is observed on 21st May every year in India. The day marks the death anniversary of India’s seventh Prime Minister Rajiv Gandhi on 21 May 1991. He was killed in Tamil Nadu in a campaign by the Tamil Tigers Eelam (LTTE) a terrorist group. After this assassination, V.P. Singh government has decided to observe 21st May as Anti Terrorism Day.The day spread awareness about the violence caused by the terrorists. Anti Terrorism Day is observed to provide knowledge to the youth about terrorism, its impact on human suffering and lives. This day also makes people aware of an anti-social act of terrorism.
International Tea Day is observed annually on May 21. The concerning resolution was adopted on December 21, 2019 and calls on the United Nations Food and Agriculture Organization (FAO) to lead the observance of the Day. The move could provide the much-needed push to create awareness for tea consumption. The International Tea Day aims to raise awareness of the long history and the deep cultural and economic significance of tea around the world. Also, December 15 is celebrated as International Tea Day in tea producing nations such as Bangladesh, Sri Lanka, Nepal, Vietnam, Indonesia, Kenya, Malawi, Malaysia, Uganda, India and Tanzania. However, this was not really official and was done by an NGO.
Scientists have made a shocking discovery – the Earth’s magnetic field is weakening.The magnetic field is vital for life on our planet, as it shields us from cosmic radiation and charged particles emitted from the sun. A large region of reduced magnetic intensity has been observed between Africa and South America, called the South Atlantic Anomaly, and it has formed a center of minimum intensity in just five years.
Area spread from Africa to America
How is the Earth’s magnetic field produced?
South Atlantic Anomaly
Magnetic protection layer weak
The Union Cabinet has given its approval to the proposal of the Ministry of Finance to launch a new Special Liquidity Scheme for Non-Banking Financial Companies (NBFCs) and Housing Finance Companies (HFCs) to improve the liquidity position of the NBFCs/HFCs.
Details of the Scheme
Recently National Rural Infrastructure Development Agency has said that Coir Geotextiles will be used for the construction of rural roads under the Pradhan Mantri Gram Sadak Yojana-III (PMGSY-III)
Pradhan Mantri Gram Sadak Yojana-lll
Features of Pradhan Mantri Gram Sadak Yojana-lll (PMGSY-III):
Pradhan Mantri Gram Sadak Yojana-I
Road Connectivity Project for Left Wing Extremism Area (RCPLWEA)
Indian Roads Congress
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