ALL EXAM QUIZ 31.05.2024

Explanation:

• Government will get Rs 3,662 crore as dividends from LIC.
• A dividend of Rs 3,662 crore will be paid by State-owned Life Insurance Corporation of India (LIC) to the Government of India, which is the largest shareholder in the company.
• On May 27, the public insurer announced a final dividend of Rs 6 per share for the financial year ending March 31, 2024.
• LIC reported a net profit of Rs 13,782 crore for the quarter ended March 31, 2024, up 4.5% from Rs 13,191 crore reported in the same period last fiscal.
• The government currently holds 96.50% stake in the company, amounting to 6,10,36,22,781 shares out of 6,32,49,97,701 fully paid-up equity shares.
• In first-year premium income (FYPI), LIC remains the market leader in the Indian life insurance business with an overall market share of 58.87%..

Explanation:

• Every year on May 28, World Hunger Day 2024 is observed.
• The day is dedicated to raising global awareness about the global hunger crisis and malnutrition.
• The goal of World Hunger Day is to raise awareness of sustainable food systems and behaviours that can help end hunger and malnutrition.
• The theme of World Hunger Day 2024 is "Thriving mothers. Thriving world."
• Women and children are facing malnutrition due to war, famine, climate change and other reasons.
• In 2011, the Hunger Project established the World Hunger Day to draw attention to the global food crisis.
• Founded in 1977, the Hunger Project is a global movement dedicated to creating a world without hunger.

Explanation:

• The first hydrogen green plant by the Gas Authority of India Ltd has been inaugurated at Vijaipur in the Guna district of Madhya Pradesh.
• It is an important step towards new and alternate energy and has been installed in line with the National Green Hydrogen Mission.
• This Green Hydrogen plant can produce 4.3 TPD of hydrogen through 10MW PEM (Proton Exchange Membrane) Electrolyzer units.
• Initially, the hydrogen produced from this unit will be used as fuel and for captive purposes of the existing plant at Vijaipur.
• The National Green Hydrogen Mission is an initiative of the Government of India.
• Its main aim is to foster the development and adoption of green hydrogen technologies in India.

Explanation:

• Major Radhika Sen, an Indian woman peacekeeper, will be honoured with the prestigious military gender advocate award.
• Major Radhika Sen has served with the United Nations Organization Stabilisation Mission in the Democratic Republic of the Congo (MONUSCO).
• She will receive the honour on May 30, marking the International Day of UN Peacekeepers.
• She will receive the honour on May 30 marking the International Day of UN Peacekeepers.
• From March 2023 to April 2024, she served in the Democratic Republic of the Congo (DRC) as the Commander of MONUSCO’s Engagement Platoon for the Indian Rapid Deployment Battalion (INDRDB).
• She joined the Indian Army eight years ago and graduated as a biotech engineer.
• After Major Suman Gawani, she is the second Indian peacekeeper to receive this prestigious award.

Explanation:

• The National Archives of India (NAI) and the Indian Embassy in Muscat have finished a first-of-its-kind project to archive historical records and documents of the Indian diaspora in Oman.
• The project is titled “The Oman Collection – Archival Heritage of the Indian Community in Oman,”.
• The project continued from May 19th to 27th, 2024. The project involved 32 prominent Indian families from Gujarat.
• The presence of these families in Oman dates back 250 years.
• This was the National Archives of India's first overseas venture into digitising diaspora documents.
• Under this project, about 7,000 documents in Hindi, Gujarati, English, and Arabic were digitised.
• The digitized collection will be uploaded to “Abhilekh Patal”, the NAI’s online portal.
• The oral histories from elder members of the community were also recorded as part of the projects.
• The National Records and Archives Authority (NRAA) of Oman supported the initiative.

Explanation:

• Four European banks seek RBI approval for a third-party transaction model.
• Credit Agricole, Societe Generale, Deutsche Bank, and BNP Paribas have asked the Reserve Bank of India (RBI) to approve a third-party transaction model.
• They have kept this demand to resolve a deadlock between their home authorities and Indian policymakers over audit oversight rights.
• After the European Securities and Markets Authority (ESMA) de-recognized the Clearing Corp of India (CCIL) in October 2022, the European banks faced problems in trading Indian government bonds and derivatives.
• ESMA took the decision after the RBI denied it the right to audit and inspect CCIL (which regulates the sale and guarantees settlement of local government bonds).
• European banks now need to set up an alternative third-party clearing mechanism because of the deadline of October 2024 to stop transactions with CCIL.
• The four European banks are now waiting for either the central bank’s approval for the third-party model or a resolution of the dispute between ESMA and the RBI over audit oversight.

Explanation:

• Indian Oil handed over a hydrogen fuel cell bus to the Indian Army to promote hydrogen and fuel cell technology for heavy-duty e-mobility.
• Indian Oil also signed a Memorandum of Understanding (MoU) with the Indian Army to deploy hydrogen fuel cell technology for heavy-duty e-mobility.
• The handing over and signing ceremony was held in the presence of General Manoj Pande, Chief of Army Staff.
• This project will evaluate the performance of fuel-cell electric buses for public transit in the Delhi NCR region.
• It will also analyse the impact of local fuel and air quality on the performance of fuel cell systems and vehicles.
• It will also evaluate the effectiveness, longevity, and operational reliability of hydrogen fuel cell buses.

Explanation:

• RBI launched the Pravaah portal, Retail Direct mobile app and FinTech repository.
• Reserve Bank of India (RBI) Governor Shaktikanta Das launched three major initiatives- the PRAVAAH portal, the RBI Retail Direct mobile application and the FinTech Repository.
• PRAVAAH (Platform for Regulatory Application, VAlidation and Authorization) is a secure and centralised web-based portal for any individual or entity seeking authorisation, license or regulatory approval on any reference made by it to the RBI.
• This portal will help in improving the efficiency of various processes related to granting regulatory approvals and clearances by the Reserve Bank.
• Its main aim is to enhance regulatory processes, facilitate retail investment, and provide comprehensive data on the fintech sector.
• The retail direct mobile app will provide ease of transacting in government securities (G-Secs).
• Now, retail investors can transact in G-Securities using the mobile app on their smartphones.
• The fintech repository will contain information on Indian fintech firms, which will provide a better understanding of the sector from a regulatory perspective.

Explanation:

• Apurva Chandra has been appointed as the chairperson of the Committee A at 77th World Health Assembly (WHA).
• Apurva Chandra is the Union health secretary, Government of India.
• The Committee A of WHA is chaired by India. It is the event being held from May 27 to June 1 at Geneva.
• Committee A is tasked with facilitating crucial discussions on a range of programmatic topics.
• The World Health Assembly features sessions from three main committees.
• These are Plenary, Committee A, and Committee B.
• India’s chairmanship of Committee A will continue until June 1.

Explanation:

A-2, B-1, C-4, D-3