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Q.1. Consider the following points about the AgriSure Fund for Agriculture Start-ups that was recently launched by Shivraj Singh Chouhan-
(i) The fund will be managed by NABARD (National Bank For Agriculture and Rural Development).
(ii) The AgriSure Fund or Agri Fund for Start-ups & Rural Enterprises is a Category -II Alternative Investment Fund (AIF) registered with the Reserve Bank of India.
(iii) The total corpus of the AgriSure Fund will be Rs 750 crore.
(iv) The Fund is a closed-ended scheme and has a duration of 5 years which can be extended by 2 years.
How many of the point(s) is/are INCORRECT?
(a) only one
(b) only two
(c) only three
(d) all are correct
(e) all are incorrect
Answer & Explanation
Ans.1.(b)
Exp. Shivraj Singh Chouhan launches AgriSure Fund for Agriculture Start ups
The Union Minister for Agriculture and Farmers Welfare and Minister for Rural Development, Shivraj Singh Chouhan, launched the AgriSURE fund in New Delhi.
The Union Finance Minister Nirmala Sitharaman, in her 2022-23 Union Budget speech, announced the creation of a dedicated fund to finance startups for agriculture and rural enterprises.
About AgriSure Fund
The AgriSure Fund or Agri Fund for Start-ups & Rural Enterprises is a Category -II Alternative Investment Fund (AIF) registered with the Securities Exchange Board of India (SEBI).
The fund will be managed by NABARD.
It will be under the regulation of the capital market regulator SEBI.
The total corpus of the AgriSure Fund will be Rs 750 crore. The government of India, through the Ministry of Agriculture and Farmer Welfare, will contribute Rs 250 crore, NABARD will contribute Rs 250 crore, and banks, insurance companies, private investors, etc., will invest the rest of the amount.
The Fund is a closed ended scheme and has a duration of 10 years which can be extended by 2 years.
The Fund targets to support about 85 Start-ups by the end of the Fund life with maximum investment of Rs 25 crore under the two schemes of the Fund.
Q.2. Which state government has signed an MoU with the World Trade Centres’ Association for the establishment of a World Trade Centre in the proposed AI City?
Exp. Telangana signs MoU for World Trade Centre at AI City
Telangana government has signed an MoU with the World Trade Centres’ Association for the establishment of a World Trade Centre in the proposed AI City near Hyderabad.
The WTC at AI City will feature 1 million square feet of built-up space to house firms at the forefront of AI and emerging technologies.
World-class office spaces, trade services, training facilities, retail and entertainment zones, co-living spaces, a luxury hotel and primary healthcare facilities will form part of the campus, in line with a vision to develop an integrated mini smart city embodying the walk-to-work concept.
The event featured more than 2,500 delegates, over 20 renowned speakers from around the world and provided a forum for major announcements, including the AI City.
About Telangana
Established – 2 June 2014
Capital – Hyderabad
Chief Minister – Revanth Reddy (replace K. Chandrashekar Rao)
Deputy CM – Mallu Bhatti Vikramarka
Governor – P. Radhakrishnan
Q.3. According to a new report from Counterpoint Research, India has emerged as the world’s second-largest market for 5G smartphones overtaking the US. Which among the following countries has the largest market for 5G smartphones?
Exp. India emerges as second-largest global 5G smartphone market, overtakes US
According to a new report from Counterpoint Research, India has emerged as the world’s second-largest market for 5G smartphones, trailing only behind China. 5G smartphones are becoming increasingly prominent across various price ranges in India.
India became the second-biggest 5G handset market during the first half, overtaking the US.
The strong shipments from Xiaomi, Vivo, Samsung, and other brands in the budget segment were the main reasons for this trend. China maintains the leading position with a 32 per cent share of the global 5G smartphone market, while India holds 13 per cent.
Q.4. Which Small Finance Bank has partnered with state-owned United India Insurance Company (UIIC) to distribute general insurance solutions to the bank’s customers?
Exp. AU Small Finance inks pact with United India Insurance Co for distribution of insurance products
AU Small Finance Bank has partnered with state-owned United India Insurance Company (UIIC) to distribute general insurance solutions to the bank’s customers.
It includes motor insurance, personal accident insurance, crop insurance, property insurance, shopkeeper insurance, cyber incident insurance, and more.
This collaboration positions AU SFB as a preferred choice for its diverse customer base across 21 states and 4 union territories, offering reliable and affordable general insurance solutions.
The partnership leverages UIIC’s vast network of branches in over 1,000 tier 2 and tier 3 locations, aligning with AU SFB’s expanding infrastructure and growing customer portfolio.
Recent MoUs Signed in Banking Sector
Max Life Insurance Company Ltd partnered with CSB bank to boost insurance reach and market growth, aligning with their strategic goals
Suryoday Small Finance Bank partnered with Tarrakki to offer digital fixed deposits
Mastercard collaborates with Gramophone to Boost Credit Access for 2 mn Farmers in India
ClearTax Join hands with Microsoft to Ease Tax Filing for Over 20 Mn Indian Gig Workers
YES Bank inks pact with Newtap Finance to offer financing solutions
Piramal Finance and Central Bank of India partner to reach underserved markets
Q.5. Max Life Insurance Company Ltd. (Max Life) has partnered with which bank to boost insurance reach and market growth, aligning with their strategic goals?
Exp. Max Life enters into bancassurance partnership with CSB Bank
Max Life Insurance Company Ltd. (Max Life) has entered into a bancassurance partnership with CSB Bank (CSB), a private sector bank in India.
The partnership plans to incorporate Max Life’s insurance products into CSB Bank’s channels, giving customers easy access to insurance alongside banking services.
CSB Bank is one of Kerala’s oldest private banks, with 801 branches in the country. This collaboration uses the strengths of both Max Life and CSB Bank to boost insurance reach and market growth, aligning with their strategic goals.
Recent MoUs Signed in Banking Sector
Suryoday Small Finance Bank partnered with Tarrakki to offer digital fixed deposits
Mastercard collaborates with Gramophone to Boost Credit Access for 2 mn Farmers in India
ClearTax Join hands with Microsoft to Ease Tax Filing for Over 20 Mn Indian Gig Workers
YES Bank inks pact with Newtap Finance to offer financing solutions
Piramal Finance and Central Bank of India partner to reach underserved markets
Q.6. ________________________were recently honoured in Time magazine’s prestigious “100 Most Influential People in AI 2024” list.
__________________________कोहालहीमेंटाइमपत्रिकाकीप्रतिष्ठित “एआई 2024 में 100 सबसेप्रभावशालीलोगों” कीसूचीमेंसम्मानितकियागया।
(a) Ashwini Vaishnaw and Anil Kapoor
(b) Ashwini Vaishnaw and Shashi Tharoor
(c) Rahul Gandhi and Anil Kapoor
(d) Amitabh Bachchan and Alia Bhatt
(e) Ashwini Vaishnaw and Nitin Gadkari
Answer & Explanation
Ans.6.(a)
Exp. Ashwini Vaishnaw, Anil Kapoor among Times 100 most influential people in AI
Union Minister of Electronics and Information Technology, Ashwini Vaishnaw and actor Anil Kapoor are among Indians who have been honoured in Time magazine’s prestigious list of the 100 “Most Influential People in AI 2024”.
The list highlights the most impactful figures in the field of artificial intelligence (AI).
The list features a diverse group of global figures, from tech titans to researchers, policymakers, and artists. Some of the most prominent names include:
Sundar Pichai: CEO of Google and Alphabet
Satya Nadella: CEO of Microsoft
Sam Altman: CEO of OpenAI
Jensen Huang: CEO of Nvidia
Rohit Prasad: SVP and head scientist of Artificial General Intelligence at Amazon.
Q.7. In September 2024, _____________ based Fintech Paysharp has received final authorization from the Reserve Bank of India (RBI) to act as a payment aggregator (PA).
सितंबर 2024 में, _____________ आधारितफिनटेकपेशार्पकोभुगतानएग्रीगेटर (पीए) केरूपमेंकार्यकरनेकेलिएभारतीयरिजर्वबैंक (आरबीआई) सेअंतिमप्राधिकरणप्राप्तहुआहै।
(a) Bengaluru
(b) Chennai
(c) Kochi
(d) Mumbai
(e) Kolkata
Answer & Explanation
Ans.7.(b)
Exp. Paysharp received final authorisation from RBI to act as a payment aggregator
Chennai based Fintech Paysharp has received final authorisation from the Reserve Bank Of India (RBI) to act as a payment aggregator (PA).
Paysharp is an existing PA, which received RBI final authorisation on 30th August 2024 followed by the in-principal PA license on December 2022.
Paysharp is a 5 years old startup, raised two rounds of funding sum of 23 crores, last funding round was on March 2023 with the valuation of 200 crores. Paysharp holds ISO 27001:2022 and SOC 2 accreditations.
With RBI’s final PA authorization, Paysharp is part of Indi’s Payment System, it helps Paysharp to extend to more merchants. Paysharp is one of authorised Payment Aggregator from Tamil Nadu. As on date RBI has authorized 36 payment aggregators including Razorpay, Cashfree and Stripe.
Paysharp is providing flat pricing to merchant’s alternative to percentage based pricing followed by other PAs. Paysharp is focusing on non-card-based payments like UPI and Virtual account-based solution for NEFT / IMPS / RTGS collection. Paysharp also provides products such as Link Payment and Payment Pages powered by UPI.
Q.8. Who among the following has been named India’s flag-bearers for the closing ceremony of the Paris Paralympic Games?
Exp. Harvinder, Preeti named India’s flag-bearers for Paralympics closing ceremony
Gold medal-winning archer Harvinder Singh and sprinter Preeti Pal, who made history by becoming the first Indian woman to win two medals at the Paralympics, have been named India’s flag bearers for the closing ceremony of the Paris Paralympic Games.
Harvinder, 33, etched his name in history as the first Indian archer to clinch a gold at the Paralympics, adding to the bronze he secured in Tokyo in 2021.
Preeti, 23, achieved a milestone by securing bronze medals in the women’s T35 100m and 200m races, with personal best times of 14.21 and 30.01 seconds, respectively.
Satya Prakash Sangwan, the chef de mission of the Indian contingent, highlighted the significance of their achievements and their impact on future generations.
Q.9. In wrestling, Nitika won the silver medal in the women’s ____ freestyle category at the U20 World Championships in Pontevedra, Spain.
Exp. Nitika wins silver medal in women’s 62 kg freestyle category at U20 World Championships
In wrestling, Nitika won the silver medal in the women’s 62 kg freestyle category at the U20 World Championships in Pontevedra, Spain. She lost to Ukrainian wrestler Iryna Bondar 1-4 in the final.
Last year, Nitika won a gold medal at the U20 Asian Championships.
Neha clinched the bronze medal, beating Hungarian grappler Gerda Terek 10-8 in the women’s 57 kg freestyle division. She had won the yellow metal in the U17 World Championships last month.
Q.10. India has carried out a successful launch of an Intermediate Range Ballistic Missile, Agni-4, from the Integrated Test Range at Chandipur in Odisha. The Agni missiles are long-range _________________ ballistic missiles developed by India.
Exp. India successfully carries out launch of Agni-4 ballistic missile at Chandipur
India has carried out a successful launch of an Intermediate Range Ballistic Missile, Agni-4, from the Integrated Test Range at Chandipur in Odisha.
In April this year, India successfully tested the new-generation nuclear-capable Agni-Prime ballistic missile from the Abdul Kalam Island off the coast of Odisha. It met all the trial objectives, validating its reliable performance.
The Agni missiles are long-range, nuclear weapons-capable surface-to-surface ballistic missiles developed by India.
Q.11. In September 2024, which Indian Navy’s frontline warship participated in the 22nd edition of India-France Bilateral Exercise VARUNA in the Mediterranean Sea?
सितंबर 2024 में, भारतीयनौसेनाकेकिसअग्रिमपंक्तिकेयुद्धपोतनेभूमध्यसागरमेंभारत–फ्रांसद्विपक्षीयअभ्यासवरुणके 22वेंसंस्करणमेंभागलिया?
(a) INS Satpura
(b) INS Sahyadri
(c) INS Suvarna
(d) INS Tabar
(e) INS Karma
Answer & Explanation
Ans.11.(d)
Exp. INS Tabar participates in 22nd Indo French VARUNA naval exercise in Mediterranean
The Indian Navy’s frontline warship INS Tabar participated in the 22nd edition of India-France Bilateral Exercise VARUNA in the Mediterranean Sea.
The Indian Navy was represented by the shipborne helicopter LRMR Aircraft P8I, whereas the French side was represented by FS Provence, Submarine Suffren, Aircraft F20, Atlantique 2, fighters MB339, and helicopters NH90, Dauphin.
VARUNA highlights the commitment of Indian and French Navies towards enhancing interoperability through collaborative efforts.
The bilateral exercise VARUNA began in 2001 to strengthen the India-France relationship and has evolved significantly over the years towards exchanging best practices.
Q.12. Where was the Jal Sanchay Jan Bhagidari initiative launched by the Prime Minister virtually in September 2024?
Exp. PM Modi virtually launches Jal Sanchay Jan Bhagidari initiative
Prime Minister Narendra Modi virtually launched the Jal Sanchay Jan Bhagidari initiative in Surat, Gujarat in the presence of Union Minister of State for Jal Shakti CR Patil and Gujarat Chief Minister Bhupendra Patel.
About the Jal Sanchay Jan Bhagidari Initiative
The Jan Sinchay and Jan Bhagidari Initiative is a joint scheme of the Union Ministry of Jal Shakti and the Gujarat government.
The initiative aims to enhance the state’s water conservation efforts by constructing rainwater harvesting structures across the state and recharging the underground aquifers.
The initiative aims to construct around 24,800 rainwater harvesting structures across the state.
The initiative seeks to build upon the Union Ministry of Jal Shakti’s “Jal Shakti Abhiyan: Catch the Rain” scheme.
Q.13. The Uttar Pradesh Forest Department has set up the first conservation and breeding centre for the Asian King Vulture in collaboration with whom?
Exp. World’s 1st breeding centre for Asian King Vultures inaugurated in UP
Uttar Pradesh Chief Minister Yogi Adityanath has inaugurated the Jatayu Conservation and Breeding Centre in the Bharivaisi, Campierganj Range of the Gorakhpur Forest Division. It is the world’s first conservation and breeding centre for the Asian King Vulture or the red-headed vulture.
The Uttar Pradesh Forest Department, in collaboration with the Bombay Natural History Society, has established the Jatayu Conservation and Breeding Centre in Maharajganj.
The Jatayu Conservation and Breeding Centre spread over 1.5 hectares of land in the Gorakhpur Forest division, was built for Rs 2.8 crore.
The centre has multiple bird cages, a nursery for juveniles, a hospital and recovery facility for birds needing medical help, and a food processing centre.
About Uttar Pradesh
Capital – Lucknow
Chief Minister – Yogi Adityanath
Governor – Anandiben Patel
Q.14. Navdeep Singh won a gold in the men’s javelin throw F41 class at Paris Paralympics 2024 with a new Paralympic record of ______.
Exp. Navdeep Singh wins gold medal at the Paris Paralympics
Navdeep Singh won a gold in the men’s javelin throw F41 class at Paris 2024 with a new Paralympic record of 47.32m to register India’s first-ever medal in the category.
Navdeep’s medal-winning throw eclipsed the previous Paralympic record of 47.13m, set by Sun Pengxiang of the People’s Republic of China at Tokyo 2020.
Although Sadegh Beit Sayah of the Islamic Republic of Iran pipped the Indian athlete with a throw of 47.64m in his penultimate attempt, he was later disqualified due to a breach of rules pertaining to unsporting or improper conduct.
Q.15. On which day is the International Day of Clean Air for Blue Skies commemorated annually?
Exp. 7th September – International Day of Clean Air for Blue Skies
The International Day of Clean Air for Blue Skies is commemorated annually on 7 September.
Objective – To raise awareness and drive action on combating air pollution.
By resolution 74/212 of 22 January 2020, the UN General Assembly (UNGA) designated the Day to emphasize the need to make further efforts to improve air quality, including reducing air pollution, to protect human health.
According to the Health Effects Institute, there were 8.1 million deaths due to air pollution in 2021. Poor air quality is the biggest external threat to health, according to the Air Quality Life Index (AQLI).
Q.16. How many medals have been won by India at the 17th Paralympic Games in Paris?
Exp. India secures record 29 medals at Paris Paralympics 2024
The Indian contingent concluded its historic Paris Paralympics campaign with 29 medals, including seven gold, nine silver, and 13 bronze medals, marking the country’s best performance in the competition’s history.
India also crossed the 50-medal mark in Paralympic Games history with this impressive performance.
With this landmark achievement, India has surpassed its previously most successful campaign at the Tokyo 2020 Paralympics, where they secured 19 medals, including five golds, eight silver, and six bronze medals.
A record 84 para-athletes represented the tricolour from August 28 to the conclusion of the event, competing across 12 disciplines, compared to just nine in Tokyo 2020. India also made its debut in three sports in Paris: paracycling, para rowing, and blind judo.
The 29 medals were won across five sports, with a remarkable 17 coming from track and field events. This ensured that India finished in the top 20 of the medal standings at the mega-event, which was once again dominated by China.
China topped the Paralympics medals table with 220 medals, including 94 golds. China has led the medal standings at every Paralympics since Athens 2004. Great Britain finished second in Paris with 49 golds, followed by the United States, which claimed 36 titles.
