1. Which Ministry has recently introduced changes to Corporate Social Responsibility (CSR) Rules?
[A] Ministry of Commerce and Industries
[B] Ministry of Social Justice
[C] Ministry of Corporate Affairs Ministry
[D] Ministry of Finance
Show Answer
Correct Answer: C [Ministry of Corporate Affairs Ministry]
Notes:
The Ministry of Corporate Affairs (MCA) has recently introduced several changes to the Corporate Social Responsibility (CSR) Rules.
It includes mandatory “Impact Assessment” for big CSR projects. It also includes mandatory disclosure of all CSR projects and the CSR Committee’s composition on the company’s website.
2. In which of India’s neighbouring countries, military has taken control?
[A] Pakistan
[B] Sri Lanka
[C] Myanmar
[D] Bangladesh
Show Answer
Correct Answer: C [Myanmar]
Notes:
In Myanmar, the military has taken control of the country under a 1-year state of emergency. Major leaders of the country including Aung San Suu Kyi are said to be detained.
In a television release, the military has stated that Article 417 of the country’s constitution have been invoked which allows military to take over in times of emergency.
3. How many new Minor Forest Produce items have been added under “marketing of MFP through MSP” scheme?
[A] 2
[B] 14
[C] 20
[D] 30
Show Answer
Correct Answer: B [14]
Notes:
The Government of India has decided to add 14 new minor forest produce items under the “mechanism for marketing of minor forest (MFP) produce through a minimum support price (MSP)” scheme.
This is aimed to provide remunerative and fair prices for tribal gatherers. The additional items include bamboo shoot, Tasar cocoon, elephant apple, wind dry mushroom etc.
4. Aadi Mahotsav is an initiative of which Union Ministry?
[A] Agriculture and Farmers Welfare Ministry
[B] Tribal Affairs Ministry
[C] Culture Ministry
[D] Tourism Ministry
Show Answer
Correct Answer: B [Tribal Affairs Ministry]
Notes:
Vice President M. Venkaiah Naidu inaugurated Aadi Mahotsav, a National Tribal Festival at Dilli Haat, New Delhi. The event is scheduled to be held from February 1 to February 15, this year.
Aadi Mahotsav is a national-level tribal festival and a joint initiative of Ministry of Tribal Affairs, and the Tribal Cooperative Marketing Development Federation of India (TRIFED). The event showcases traditional art, handicrafts and cultural heritage of the country. It has been organised from 2017.
5. What is the outlay of the “Deep Ocean Mission” announced recently in the Union Budget?
[A] Rs 1000 crore
[B] Rs 2000 crore
[C] Rs 4000 crore
[D] Rs 7500 crore
Show Answer
Correct Answer: C [Rs 4000 crore]
Notes:
Union Finance Minister Nirmala Sitharaman announced in her Budget speech that a “Deep Ocean Mission” will be launched.
A budget outlay of more than Rs 4,000 crore has been announced over five years. This programme will undertake deep ocean survey exploration. It also includes projects to conserve deep-sea biodiversity.
6. Which word is selected as the Oxford Hindi word of 2020?
[A] Aadhar
[B] Samvidhan
[C] Aatmanirbharta
[D] Mahaa maaree
Show Answer
Correct Answer: C [Aatmanirbharta]
Notes:
The Oxford group has selected ‘Aatmanirbharta’ as the Oxford Hindi word of 2020. In Hindi language, it means self-reliance.
Previous Hindi words of the year selected by Oxford are ‘Aadhar’ (2017), ‘Nari Shakti’ (2018) and ‘Samvidhaan’ (2019). Following the prime minister’s address, there was a significant increase in the usage of ‘aatmanirbharta’ following the Prime minister’s address.
7. Who has been appointed as the new Managing Director of the Life Insurance Corporation (LIC) of India?
[A] Shyam Sundar
[B] Siddhartha Mohanty
[C] V G Kannan
[D] Ashwani Bhatia
Show Answer
Correct Answer: B [Siddhartha Mohanty]
Notes:
The Appointments Committee of the Cabinet (ACC) has approved the appointment of Siddhartha Mohanty as the new Managing Director of the Life Insurance Corporation (LIC) of India.
He is currently serving as the Managing director (MD) and chief executive officer (CEO) of LIC Housing Finance. Siddhartha Mohanty has replaced TC Suseel Kumar, who retired on January 31, 2021. LIC has four Managing Directors and one Chairman.
8. Andy Jassy, who was making news recently, is the new CEO of which major technology company?
[A] Facebook
[B] Amazon
[C] Apple
[D] Google
Show Answer
Correct Answer: B [Amazon]
Notes:
Andy Jassy is to replace Jeff Bezos as Amazon’s next chief executive officer. He is serving as the Chief of Amazon Web Services (AWS) at present.
Jeff Bezos had been the CEO of the Tech Giant for almost 30 years. He is to take up the role of Executive chairman. The billionaire entrepreneur is expected to focus on his space exploration company Blue Origin and other ventures.
9. Which species has been recently named after the state of Arunachal Pradesh?
[A] Spider
[B] Gecko
[C] Turtle
[D] Butterfly
Show Answer
Correct Answer: B [Gecko]
Notes:
A team of researchers have discovered a new gecko species in the state of Arunachal Pradesh.
The new species belongs to the genus Cyrtodactylus also known as bent-toed geckos. The species was named as Cyrtodactylus arunachalensis after the state of Arunachal Pradesh, in which it was discovered.
10. What is the new height recorded in India’s Foreign portfolio investment (FPI) , as of 2020?
[A] USD 10.6 billion
[B] USD 15.1 billion
[C] USD 23.4 billion
[D] USD 31.7 billion
Show Answer
Correct Answer: D [USD 31.7 billion]
Notes:
India’s Foreign portfolio investment (FPIs) has reached a new height as the net FPI in Indian equities crossed the mark of $31.7 billion, during the current financial year.
This is the highest investment in a financial year since FY 2012-23, in India. During that year, India recorded a net FPO inflow of $25.8 billion.