1. Higher Education Financing Agency (HEFA) is a joint venture of Education Ministry and which bank?
[A] State Bank of India
[B] HDFC Bank
[C] Canara Bank
[D] ICICI Bank
Show Answer
Correct Answer: C [Canara Bank]
Notes:
Higher Education Financing Agency (HEFA) is a joint venture of Education Ministry, Government of India and Canara Bank for financing creation of capital assets in premier institutions.
A Parliamentary panel has recently directed the Education Ministry to fast track the process of disbursing sanctioned loans by the HEFA.
2. The ‘Foundational Literacy and numeracy Assessment Test (FLNAT)’ is organised under which program?
[A] Rashtriya Madhyamik Shiksha Abhiyan
[B] New India Literacy Programme
[C] Scheme of Vocational Education
[D] National Merit-cum-Means Scholarship Scheme
Show Answer
Correct Answer: B [New India Literacy Programme]
Notes:
The first ‘Foundational Literacy and numeracy Assessment Test (FLNAT)’ is organised under under Nav Bharat Saaksharta Karyakram (New India Literacy Programme).
The Test was held across 10 States and UTs in the country to assess the basic Reading, Writing and Numeracy skills of the neo-literates.
3. ‘Sarbat Khalsa’ is an event associated with which religion?
[A] Islam
[B] Sikhism
[C] Buddhism
[D] Jainism
Show Answer
Correct Answer: B [Sikhism]
Notes:
Sarbat Khalsa is a deliberative assembly of all factions of Sikhs that dates back to the 18th century. It is held twice a year on the occasion of Baisakhi and Diwali.
The last “Sarbat khalsa” was held on February 16, 1986. It was recently announced that the convening of a Sarbat khalsa congregation is the sole prerogative of the Akal Takht chief.
4. Nevado del Ruiz Volcano, which was seen in the news, is associated with which country?
[A] Columbia
[B] Japan
[C] Indonesia
[D] Philippines
Show Answer
Correct Answer: A [Columbia]
Notes:
Nevado del Ruiz Volcano is a volcano in Colombia on the Pacific Ring of Fire. It is currently experiencing seismic activities, creating a possibility of eruption in the near future.
It is the highest active volcano in the Andes mountain range.
5. The ‘Foreign Trade Policy 2023’ aims to boost India’s merchandise and services exports by 2030 by?
[A] USD 1 trillion
[B] USD 2 trillion
[C] USD 5 trillion
[D] USD 10 trillion
Show Answer
Correct Answer: B [USD 2 trillion]
Notes:
The Indian government unveiled its Foreign Trade Policy 2023 which seeks to boost merchandise and services exports by USD 2 trillion by 2030 from the current level of USD 765 billion.
The Policy also seeks to make the Indian Rupee the global currency in settling international trade payments.
6. After recent revision in March 2023, what is the rate of interest of Sukanya Samriddhi Scheme?
[A] 7.5 %
[B] 7.75 %
[C] 8.0 %
[D] 8.2 %
Show Answer
Correct Answer: C [8.0 %]
Notes:
The government has raised the interest rates across all small savings schemes except the post office savings deposit and the Public Provident Fund (PPF) for the April-June 2023 quarter.
The Sukanya Samriddhi Account Scheme too will enjoy a higher rate of interest – up from the existing 7.6 percent to 8 percent. The interest rate on the National Savings Certificate (NSC) has been hiked from 7 percent to 7.7 percent for the April – June 2023 quarter.
7. ISRO conducted the ‘Reusable Launch Vehicle Autonomous Landing Mission’ along with which institutions?
[A] DRDO and IAF
[B] DRDO and BEL
[C] DRDO and HAL
[D] DRDO and BARC
Show Answer
Correct Answer: A [DRDO and IAF]
Notes:
Reusable Launch Vehicle Autonomous Landing Mission (RLV LEX) was conducted recently by ISRO in collaboration with the DRDO and IAF.
It involved Indian Air Force Chinook helicopter lifting off a winged body to an altitude of 4.5 km and freeing it to execute an independent landing on a runway.
8. Ukraine recently placed an order to procure ‘Rosomak multi-purpose armoured vehicle’ from which country?
[A] USA
[B] UK
[C] Germany
[D] Poland
Show Answer
Correct Answer: D [Poland]
Notes:
Ukraine has recently placed an order to procure 100 Rosomak multi-purpose armoured vehicles from Poland.
These multi-purpose armoured vehicle is the licensed variant of the Finnish Patria AMV. The order will be financed through funds that Poland has received from the European Union and US funds that Ukraine has received.
9. Which country has launched a law that mandates firms to reveal their gender pay gaps by early 2024?
[A] India
[B] Australia
[C] USA
[D] Japan
Show Answer
Correct Answer: B [Australia]
Notes:
Australia, with gender pay gap of 13.3% as of 2023, has launched a new law that mandates firms with over 100 employees to reveal their gender pay gaps by early 2024.
This is expected to make businesses more accountable and improve working conditions of women in the country.
10. ‘National Buildings Construction Corporation’ functions under which Union Ministry?
[A] Ministry of Housing and Urban Affairs
[B] Ministry of Rural Development
[C] Ministry of Home Affairs
[D] Ministry of Finance
Show Answer
Correct Answer: A [Ministry of Housing and Urban Affairs]
Notes:
National Buildings Construction Corporation is a central public sector enterprise that comes under the aegis of the Ministry of Housing and Urban Affairs.
It recently bagged an order worth ₹488.02 crore from the Department of Border Management for the construction of a border and road with a length of 88.58 km.