41. Which institution released a consultation paper on Consolidated Cyber Security and Cyber Resilience Framework (CSCRF)?
[A] NITI Aayog
[B] SEBI
[C] RBI
[D] NASSCOM
Answer: B [SEBI]
Notes:
SEBI has recently released a consultation paper on ‘Consolidated Cyber Security and Cyber Resilience Framework (CSCRF) for Sebi Regulated Entities’.
This proposed framework requires all regulated entities to establish an updated cyber crisis management plan.
42. Who is the head of the RBI’s working group on internationalisation of the rupee.?
[A] D Subbarao
[B] Sakthikanta Das
[C] Urjit Patel
[D] Radha Shyam Ratho
Answer: D [Radha Shyam Ratho]
Notes:
The Reserve Bank recently constituted a working group on to accelerate the pace of internationalisation of the rupee, which is headed by RBI Executive Director Radha Shyam Ratho.
The working group has submitted its report and has recommended various measures, including inclusion of the rupee in the Special Drawing Rights (SDR) basket and recalibration of the foreign portfolio investor (FPI) regime etc.
43. What is the Retail inflation, based on Consumer Price Index (CPI), in June 2023?
[A] 4.81 %
[B] 5.81 %
[C] 6.81 %
[D] 8.81 %
Answer: A [4.81 %]
Notes:
Retail inflation, based on Consumer Price Index (CPI), stood at 4.81 percent in June this year.
According to the Ministry of Statistics and Programme Implementation data, the Consumer Food Price Index (CFPI) for the last month rises to 4.49 percent as compared to 2.91 percent in May, mainly due to a rise in vegetable prices.
44. Which Union Ministry launched the CRCS Sahara Portal?
[A] Union Commerce and Industry Ministry
[B] Union Finance Ministry
[C] Union Cooperation Ministry
[D] Union Defence Ministry
Answer: C [Union Cooperation Ministry]
Notes:
The Union Home & Cooperation Minister has recently launched the ‘CRCS-Sahara Refund Portal’. It will facilitate the submission of valid claims by authentic depositors from four cooperative societies associated with the Sahara Group.
This is a part of the refund of Rs.5000 crore to depositors of 4 Sahara group cooperative societies, whose funds are struck.
45. What is the growth forecast of India for the current fiscal, as per the Asian Development Bank (ADB)?
[A] 6.1 %
[B] 6.4 %
[C] 7.2 %
[D] 7.5 %
Answer: B [6.4 %]
Notes:
The Asian Development Bank (ADB) retained India’s economic growth forecast at 6.4 per cent for FY24.
The forecast is based on recovery in consumption demand in both rural and urban areas. The Indian economy grew 7.2 per cent in 2022-23. In an update to its Asian Development Outlook (ADO), ADB lowered its inflation projection for current fiscal year (FY24) at 4.9 per cent.
46. Indian companies have been allowed to list on foreign exchanges through which institution?
[A] SEBI
[B] IFSC
[C] RBI
[D] NSE
Answer: B [IFSC]
Notes:
Finance Minister Nirmala Sitharaman said the government has decided to enable listed and unlisted domestic companies to directly list their equity shares on the International Financial Services Centre (IFSC) at Ahmedabad.
The decision will facilitate access to global capital and result in a better valuation of the Indian companies. The Finance Minister also launched Corporate Debt Market Development Fund (CDMDF) and AMC Repo Clearing Ltd (ARCL).
47. What is India’s GST collection for the month of July 2023?
[A] Rs 1.05 lakh crore
[B] Rs 1.15 lakh crore
[C] Rs 1.65 lakh crore
[D] Rs 1.95 lakh crore
Answer: C [Rs 1.65 lakh crore]
Notes:
India’s gross revenues from the Goods and Services Tax (GST) hit a three-month high to cross ₹1.65 lakh crore in July 2023. July’s collections were 2.2% higher than the previous month’s GST collection.
However, at 10.8%, it was the slowest uptick in collections since July 2021 compared to revenues from the same month last year.
48. What is the Wholesale inflation recorded in India in July 2023?
[A] (-) 1.36%
[B] (+) 1.36%
[C] (-) 3.36%
[D] (-) 3.36%
Answer: A [(-) 1.36%]
Notes:
The wholesale price-based inflation remained in the negative territory for the fourth straight month in July at (-) 1.36%.
This is due to the easing prices of fuel, even though food articles turned costlier. The wholesale price index (WPI) based inflation rate has been in the negative since April and was (-) 4.12% in June. In July last year it was 14.07%.
49. What is the recent rating on India, as per Moody’s Investors Service?
[A] BBB
[B] Baa3
[C] Ba2
[D] BB
Answer: B [Baa3]
Notes:
Moody’s Investors Service affirmed its Baa3 rating on India and maintained the stable outlook, but warned of political issues and even cited the example of the ongoing violence in Manipur.
The rating agency said the affirmation of India’s rating and stable outlook was driven by its view that the economy is set to grow rapidly by international standards, although potential growth has declined in the last 7-10 years.
50. Who is the head of the Committee set up to ‘Onshoring the Indian Innovation to GIFT IFSC’?
[A] G Padmanabhan
[B] Viral Acharya
[C] Urjit Patel
[D] D Subbarao
Answer: A [G Padmanabhan]
Notes:
A ‘Committee of Experts to ‘Onshoring the Indian Innovation to GIFT IFSC’ constituted by International Financial Services Centres Authority (IFSCA) submitted its report to Chairperson, IFSCA. The committee was chaired by G. Padmanabhan, Former Executive Director, RBI. The committee members comprised representatives from leading Venture Capital funds, Startups, Fintechs, Law firms, Tax firms and other domain experts.