11. The Reserve Bank of India (RBI) announced a four-tiered regulatory framework for which type of banks?
[A] Small Finance Banks
[B] Urban Co-operative Banks
[C] Payments Banks
[D] Local Area Banks
Show Answer
Correct Answer: B [Urban Co-operative Banks]
Notes:
The Reserve Bank of India (RBI) on 1 December announced a four-tiered regulatory framework for categorisation of Urban Co-operative Banks (UCBs).
The norms are based on the net worth and capital adequacy of these banks. All unit UCBs and salary earners’ UCBs and all other UCBs having deposits up to ₹100 crore are placed in Tier 1. UCBs with deposits more than ₹100 crore and up to ₹1,000 crore are in Tier 2. Tier 3 will cover banks with deposits more than ₹1,000 crore and up to ₹10,000 crore. UCBs with deposits more than ₹10,000 crore have been categorised in Tier 4.
12. Which cities are ranked at the top of the Economic Intelligence Unit releases Cost of Living Index 2022?
[A] Singapore and Dubai
[B] New York and Singapore
[C] New York and Tokyo
[D] Singapore and London
Show Answer
Correct Answer: B [New York and Singapore]
Notes:
As per the Economic Intelligence Unit Cost of Living Index 2022, New York and Singapore rank as the world’s most expensive cities.
As per the index, the average cost of living is up by 8.1 per cent in 2022, due to the Russian war in Ukraine and the effects of the pandemic. The EIU evaluates more than 400 individual prices across more than 200 products and services in 172 cities, to produce the list.
13. ‘Vijay Hazare Trophy’ is related with which sports?
[A] Cricket
[B] Hockey
[C] Tennis
[D] Badminton
Show Answer
Correct Answer: A [Cricket]
Notes:
Saurashtra team beat Maharashtra by 5 wickets in the final to win the Vijay Hazare Trophy in Ahmedabad.
This is Saurashtra’s second Vijay Hazare Trophy triumph. Maharashtra scored 248 runs for the loss of 9 wickets in 50 overs, while Saurashtra reached the target with 21 balls to spare losing five wickets.
14. Kanger Valley National Park, which was seen in the news, is located in which state?
[A] Punjab
[B] West Bengal
[C] Telangana
[D] Chhattisgarh
Show Answer
Correct Answer: D [Chhattisgarh]
Notes:
The Kanger Valley National Park is located in Chhattisgarh. It is also home to a population of Chhattisgarh’s state bird, the hill myna.
Bird watchers and forest department officials recently counted 200 types of birds in Chhattisgarh’s first-ever inter-state bird survey conducted in the Kanger Valley National Park.
15. Which species (other than cheetals) was killed by one of the Kuno cheetahs translocated from Africa?
[A] Black buck
[B] Nilgai
[C] Sambar Deer
[D] Himalayan Goral
Show Answer
Correct Answer: B [Nilgai]
Notes:
Asha, one of the cheetahs released at Madhya Pradesh’s Kuno National Park, has killed her first Nilgai calf, diversifying its prey.
This is seen as an important step in adaptability of cheetahs to the new environment. After being released into the enclosure, the wild cat had made her first kill—a cheetal. All the cheetahs at Kuno had so far only killed cheetals, the most abundant prey in the park.
16. Jiang Zemin, who passed away recently, was the leader of which country?
[A] Indonesia
[B] China
[C] Japan
[D] South Korea
Show Answer
Correct Answer: B [China]
Notes:
Chinese leader Jiang Zemin passed away recently at the age of 96. He was China’s first head of state to have visited India in 1996, and played a key role in signing a crucial agreement to reduce the tensions along their disputed border.
Jiang was the President of China and General Secretary of the Chinese Communist Party (CPC) from 1989 to 2002.
17. After the Monetary Policy Committee (MPC) Meeting in December 2022, what is the repo rate?
[A] 5.9 %
[B] 6.25 %
[C] 6.50 %
[D] 6.75 %
Show Answer
Correct Answer: B [6.25 %]
Notes:
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) hiked the repo rate by 35 basis points (bps) to 6.25 per cent with immediate effect.
The policy rate is now at its highest level since August 2018 and this is the fifth rate hike by the central bank in this financial year. MPC decided to remain focused on the withdrawal of accommodative stance. The standing deposit facility (SDF) rate stands adjusted to 6.00 per cent and the marginal standing facility (MSF) rate and the Bank Rate to 6.50 per cent.
18. Which country is the host of the ‘12th World Hindi Conference’?
[A] Italy
[B] Germany
[C] UK
[D] Fiji
Show Answer
Correct Answer: D [Fiji]
Notes:
The ‘12th World Hindi Conference’ is being organized by the Ministry of External Affairs in collaboration with the Government of Fiji in February 2023 in Fiji.
According to the Ministry of External Affairs, the main theme of the Conference is “Hindi: From Traditional Knowledge to Artificial Intelligence”. Eleven World Hindi Conferences have been organized in various countries, so far.
19. As per a recent report by PayNearby, UPI transactions rose by how much percent in semi-urban and urban sectors?
[A] 650 percent
[B] 250 per cent
[C] 100 percent
[D] 50 per cent
Show Answer
Correct Answer: A [650 percent]
Notes:
The Unified Payments Interface (UPI) saw a huge rise of 650 percent in value at the semi-urban and rural stores in India, according to a report by fin-tech company PayNearby.
According to the report, the demand for micro-ATMs and mPOS devices increased by 25 percent. There was sharp growth of over 200 percent in the cash collection business with a monthly average of Rs 1400 crores.
20. Aditya Mittal, who was seen in the news, is associated with which sports?
[A] Cricket
[B] Chess
[C] Badminton
[D] Hockey
Show Answer
Correct Answer: B [Chess]
Notes:
Sixteen-year-old Aditya Mittal has recently become India’s 77th chess Grandmaster. The Mumbai-based player crossed 2,500 ELO points mark during the sixth round of the ongoing Ellobregat Open tournament in Spain.
Mittal is also the fifth Indian to achieve the GM title in 2022 after Bharath Subramaniyam, Rahul Srivatshav, V Pranav and Pranav Anand.
