1. What is the transaction limit for small value digital payments in offline mode, as of September 2023?
[A] Rs 1000
[B] Rs 500
[C] Rs 200
[D] Rs 100
Show Answer
Correct Answer: B [Rs 500]
Notes:
The Reserve Bank of India (RBI) has announced to enhance transaction limits for small value digital payments in offline mode to ₹500 from the earlier cap of ₹200.
These can be made using any channel or instruments such as cards, wallets, mobile devices in face-to-face mode only. Although the upper limit of an offline payment transaction shall be ₹500, the total limit on a payment instrument will be ₹2,000 at any point in time.
2. Which state/UT launched a clean district ranking drive called MODI (Most Outstanding District Initiative)?
[A] West Bengal
[B] Assam
[C] Odisha
[D] Telangana
Show Answer
Correct Answer: B [Assam]
Notes:
Assam launched a clean district ranking drive called MODI (Most Outstanding District Initiative), to boost solid waste management and sanitation.
Chief minister Himanta Biswa Sarma announced that the most outstanding district will be awarded Rs 100 crore towards infrastructure development and the results will be tentatively declared by the first week of April 2024. The cabinet also approved installation of 2,000 CCTV cameras across the state.
3. Which Union Ministry launched the sixth edition of Smart India Hackathon (SIH) 2023?
[A] Ministry of Education
[B] Ministry of Home Affairs
[C] Ministry of Science and Technology
[D] Ministry of Electronics and IT
Show Answer
Correct Answer: A [Ministry of Education]
Notes:
Ministry of Education’s Innovation Cell and the All-India Council of Technical Education (AICTE) have launched the sixth edition of Smart India Hackathon (SIH) 2023.
Since its inception in 2017, the Smart India Hackathon has become a global model for hackathons and innovation frameworks. This event presents 239 problem statements, including 182 software challenges and 57 hardware challenges.
4. Which state raised the OBC quota to 27% in local bodies?
[A] Gujarat
[B] Assam
[C] Jharkhand
[D] Madhya Pradesh
Show Answer
Correct Answer: A [Gujarat]
Notes:
The Gujarat government has increased the reservations for Other Backward Classes (OBCs) in the state’s panchayats and urban local bodies from 10% to 27%.
This decision was made based on recommendations of the K.S. Jhaveri Commission, which was formed based on a 2022 Supreme Court order on deciding the level of OBC quotas in Gujarat.
5. What is the new brand identity of Tata for its electric vehicle business?
[A] TATA.ev
[B] NEXON.ev
[C] TEV
[D] TATA Electro
Show Answer
Correct Answer: A [TATA.ev]
Notes:
Tata Passenger Electric Mobility, a subsidiary of Tata Motors, has announced the introduction of its new brand identity, TATA.ev, for the EV business.
Tata has also revealed a logo for its .ev brand. The .ev brand will be used by Tata Motors’ Passenger Electric Mobility division and it will not cover Tata Motors’ electric commercial vehicles, as of now.
6. Shinon Meeras, a centre showcasing the history of Dard-Shina tribes, was opened in which state/UT?
[A] Jammu and Kashmir
[B] Maharashtra
[C] Goa
[D] Jharkhand
Show Answer
Correct Answer: A [Jammu and Kashmir]
Notes:
Recently, Shinon Meeras, a centre showcasing the history of Dard-Shina tribes, was opened to the public at the Gurez Valley in Kashmir.
Dard is a strong community of around 38000 people living in the valley, which speaks the rapidly fading Shina language. The first such cultural centre has been curated and developed by the Indian Army and the Lieutenant-Governor’s administration.
7. When is the ‘National Small Industry Day’ observed in India?
[A] August 25
[B] August 30
[C] September 1
[D] September 3
Show Answer
Correct Answer: B [August 30]
Notes:
The Indian Government formally declared August 30 as the National Small Industry Day, a year after the Ministry of Small-Scale Industries announced a comprehensive policy package for small businesses.
The day recognises the contribution of small industries to the country’s growth and is an opportunity for the central and state governments to encourage and support small industries.
8. In the August, the number of UPI transactions performed which milestone?
[A] 5 billion
[B] 10 billion
[C] 15 billion
[D] 20 billion
Show Answer
Correct Answer: B [10 billion]
Notes:
10 billion UPI transactions were performed for the first time in August in India, according to data from the National Payments Corporation of India (NPCI), which runs the real-time payments platform.
The real-time mobile payment platform is likely to end August with around 10.5 billion transactions with the cumulative value crossing the Rs 15-lakh-crore figure for the second consecutive month.
9. What is the name of the World’s Most Advanced Arabic Large Language Model, which was released recently?
[A] Gyaan
[B] Ruez
[C] Jais
[D] Rooh
Show Answer
Correct Answer: C [Jais]
Notes:
Inception, a unit of Abu Dhabi AI company G42, has released ‘Jais’, the world’s most advanced Arabic large language model.
Jais is a bilingual Arabic-English model that has been trained on a massive dataset of text and code. It can be used for a variety of tasks, such as machine translation, text summarization, and question answering. It was trained on the Condor Galaxy, the world’s largest AI supercomputer, using 116 billion Arabic tokens and 279 billion English tokens.
10. ‘Advance Pricing Agreement (APA)’ is a programme associated with which institution?
[A] CBDT
[B] CBIC
[C] NASSCOM
[D] GST Council
Show Answer
Correct Answer: A [CBDT]
Notes:
The Advance Pricing Agreement (APA) programme is an initiative for promoting an investor-friendly and non-adversarial tax regime in India.
The Central Board of Direct Taxes (CBDT) has recently released the fourth and fifth annual APA reports. The reports present key data and statistics pertaining to the APA programme.