Daily UPSC Prelims Current Affairs – November 08, 2022 [Mock Test]
November 10, 2022 November 10, 2022
1. With respect to the Leading Wealthy Women 2021 report, consider the following statements:
- It is published by Credit Suisse.
- Biocon’s founder and CEO Kiran Mazumdar Shaw is the country’s richest woman.
Which of the statements given above is/are correct?
[A] Only 1
[B] Only 2
[C] Both 1 & 2
[D] Neither 1 nor 2
Show Answer
Correct Answer: D [Neither 1 nor 2]
Notes:- According to the ‘Leading Wealthy Women 2021’ report published by Hurun India in collaboration with Kotak Private Banking, Roshni Nadar Malhotra, chairperson of Indian tech giant HCL Technologies Limited, is the richest woman in the country for the second year in a row with a wealth of ₹84,330 crore.
- The position of the second richest woman in India is secured by Nykaa founder and chief executive office (CEO) Falguni Nayar. According to the report, Nayar is the country’s richest self-made woman and the world’s tenth richest self-made woman.
- India’s largest Biopharmaceutical company Biocon’s founder and CEO Kiran Mazumdar Shaw is the country’s third richest woman.
- Nilima Mota parti of Debi’s Laboratories, Radha Vembu of Zoho, Leena Gandhi Tiwari of USV, Anu Aga and Meher Pudumjee of Thermax, Neha Narkhede of Confluent, Vandana Lal of Lal Path Labs, and Renu Munjal of Hero Motor Corp are the 4th, 5th, 6th, 7th, 8th, 9th, and 10th richest women in India respectively.
- The highest number of entrants in the latest list was from Delhi-National Capital Region at 25, followed by Mumbai (21) and Hyderabad (12).
2. Which of the following is/are correct about Export Credit Guarantee Corporation of India Ltd.?
- It is under the ownership of the Ministry of Commerce and Industry.
- It provides its own credit ratings on different countries.
- It doesn’t provide insurance protection to exporters.
Choose the correct answer using the codes given below:
[A] Only 1
[B] Only 1 & 2
[C] Only 2 & 3
[D] 1, 2 & 3
Show Answer
Correct Answer: B [Only 1 & 2]
Notes:- Export Credit Guarantee Corporation of India Ltd. is wholly owned by the Government of India.
- It is under the ownership of Ministry of Commerce and Industry.
- It provides export credit insurance support to Indian exporters.
- The GoI had initially set up Export Risks Insurance Corporation (ERIC) in July 1957. It was transformed into Export Credit and Guarantee Corporation Limited (ECGC) in 1964 and to Export Credit Guarantee Corporation of India in 1983.
- It offers insurance protection to exporters against payment risks.
- It makes available information on different countries with its own credit ratings.
- It makes it easy to obtain export finance from banks/financial institutions.
- It assists exporters in recovering bad debt.
- It provides information on the creditworthiness of overseas buyers.
3. ‘Oneweb’ which is often seen in news is related to which of the following?
[A] Free access to all the web services
[B] Broadband satellite Internet around the world
[C] Defence personnel uniform made of spider steel
[D] None of the above
Show Answer
Correct Answer: B [Broadband satellite Internet around the world]
Notes:- OneWeb is a global communications company that aims to deliver broadband satellite Internet around the world through its fleet of LEO satellites.
- Its ‘Five to 50’ service offers internet connectivity to all regions north of 50 degrees latitude.
