ALL EXAM QUIZ 25.06.2024

Explanation:

• IRDAI has prohibited the promotion of Unit Linked Insurance Plans (ULIPs) as 'investment products'.
• IRDAI said Unit-linked or index-linked insurance products shall not be advertised as 'investment products'.
• Insurers shall specifically state that market-linked insurance plans are not same as traditional endowment policies and carry risks.
• Similarly, endowment policies that participate (and offer incentives) must explicitly declare that the predicted bonuses in benefit representations are not guaranteed.

Explanation:

• David Johnson passed away .
• He is a former Indian pacer. He also played for Karnataka.
• He made his international debut in 1996. He fell from the fourth-floor balcony of his flat.
• He played for Indian team in only two Test matches. He played 39 First-Class matches.
• He was also active in Karnataka Premiere League tournament.

Explanation:

• Global Central Banking Award 2024 has been awarded to IRIS Business Services for Technology Services in London.
• IRIS Business Services Limited is a Global RegTech company.
• The company was awarded by 'Central Banking', which is a renowned industry publication based in London.
• In the past two years, the magazine has given three awards to Indian nationals or Indian entities.
• At the same event, Reserve Bank of India received the "Risk Manager of the Year" award as well.
• Previously, Governor of the RBI Shaktikanta Das has won 'Governor of the Year' award in 2023.

Explanation:

• The Ministry of Electronics and Information Technology (MeitY) inaugurated the first National Additive Manufacturing Symposium (NAMS) 2024.
• The Additive Manufacturing Scenario Report was released and an indigenously developed Additive Manufacturing Machine was unveiled at the event.
• It is a significant step towards advanced manufacturing technologies.
• It aims to provide an overview of the additive manufacturing (AM) ecosystem in India.
• This is built on the National Strategy for Additive Manufacturing (NSAM), released in 2022.
• It aims to harness the full potential of this transformational technology to promote industrial development, innovation and inclusive growth.
• At present, seven centres dedicated to AM technologies are operational.
• Industry associations like ELCINA and ICEA, government ministries, and state representatives from diverse stakeholders participated in the NAMS-2024.

Explanation:

• The World Economic Forum has released the Energy Transition Index.
• India has been ranked 63rd on the Global Energy Transition Index.
• Sweden has topped the Index, and Denmark, Finland, Switzerland and France are in the top five of the Index.
• In the report, 107 out of the 120 countries demonstrated progress in energy transition journeys in the past decade.
• Over the last decade, populous countries like India and China showed an 8% improvement in the Energy Transition Index.
• With an annual investment of around $10 billion, India is driving the adoption of electric vehicles (EVs) and the production of green hydrogen.
• WEF also highlighted India's focus on using energy for income generation and supporting microenterprises through the productive use of renewable energy sources.
• WEF lauded India’s efforts in clean energy infrastructure, with renewable energy and biomass contributing 42% of its power generation capacity.
• As per the report, the energy transition for a more equitable, secure and sustainable energy system has lost momentum due to increasing uncertainty worldwide.

Explanation:

• Atul Kumar Chaudhary has been appointed as the Secretary of TRAI.
• Atul Kumar Chaudhary has taken the place of V Raghunandan as the Secretary of the Telecom Regulatory Authority of India (TRAI).
• Atul Kumar Chaudhary was currently working as Deputy Director General (DDG) in the Unique Identification Authority of India (UIDAI).
• This position was vacant after the superannuation of V Raghunandan on May 31.
• He has worked in various capacities in Personnel, HR, Administration, Licencing, the Vigilance wing of BSNL and the Department of Telecommunications (DoT).
• He will be responsible for forming guidelines and policies, along with the stakeholders in terms of quality of services.
• Manoj Jain assumed charge as chairman and managing director (CMD) of the Defence PSU Bharat Electronics Limited (BEL). His appointment has become effective from 20th June.

Explanation:

• To conduct competitive exams in a free and fair manner, the Uttar Pradesh government is planning to implement new policies.
• As per the new policy, four agencies will be given the responsibility for conducting the recruitment examinations.
• Candidates have to go outside their home board (Grih Mandal) to appear for the exams.
• If an exam has more than four lakh candidates, it will be conducted in two phases.
• The scanning of OMR sheets will be done by the Commission and the Board itself.
• The examination centres will be created in two categories. The first category includes Government Inter Colleges, Medical Colleges and Engineering Colleges.
• Under the second category, examination centres will be created in aided schools.

Explanation:

• Indian documentary 'The Golden Thread' wins prestigious Golden Conch Award
• Indian documentary 'The Golden Thread' won the Golden Conch Award along with the Best Documentary in the International category at the 18th Mumbai International Film Festival.
• Actress Poonam Dhillon presented the award to director Nishita Jain during the closing ceremony in Mumbai.
• In the special category of 'India in Amrit Kaal', director Edmund Ranson received the Best Short Film award for 'Life in the Loom'.
• Shrimoyee Singh won the Dadasaheb Phalke Chitranagari Award for Best Debut Director for her film 'And, Towards Happy Alleys'.

Explanation:

• The Securities and Exchange Board of India (SEBI) has launched a mobile app called 'Saarathi 2.0', which helps investors in financial management.
• This app simplifies complex financial concepts, provides financial calculators for informed decisions, and includes educational modules on KYC, mutual funds, ETFs and stock trading.

Explanation:

• The National Payments Corporation of India (NPCI) and the Central Bank of Peru (BCRP) have partnered to build a UPI-like payment system in Peru.
• This makes Peru the first South American country to adopt NPCI's technology, allowing instant payments between individuals and businesses.
• The initiative aims to expand digital payments among Peru's large unbanked population.