GA Topper Series : 31st July and 1st August 2022

GA Topper Series: 31st July- 1st August 2022: Hello Students, General Awareness is an essential part of all government exams. It’s better to prepare this section daily and revise the same using the factsheet provided. Bankersadda team has brought you up a new series in which we will come up with 10 questions and answers, other options of the question have related news to them. So don’t miss reading the solutions.

Q1- 2 are related

Q1. Consider the following statements regarding India International Bullion Exchange (IIBX):

1. The International Financial Services Centres Authority (IFSCA) is the regulator of IIBX.
2. It is established at the Gujarat International Finance Tec-City (GIFT City) near Gandhinagar, Gujarat.
3. IIBX is promoted by three market institutional investors i.e., CDSL, India INX, NSDL

Choose the incorrect statement

(a)1

(b)1,3

(c)3

(d)1,2,3

Q2. Who will head India International Bullion Exchange (IIBX)?

(a) Ashok Gautam

(b) Pranay Kumar Varma

(c) Indermit Gill

(d) Ennarasu Karunesan

Q3. With which country India signed a deal to support palm oil business in July?

(a) USA

(b) Thailand

(c) Malaysia

(d) Spain

Q4. Who has been signed by Coca Cola for its promotion?

(a) Aamir Khan

(b) Neeraj CHopra

(c) Kiara Advani

(d) Mithali raj

Q5. Mukhyamantri Mahtari Nyay Rath Yatra is meant to educate whom about their constitutional rights and laws in Chhatisgarh?

(a) SC and STs

(b) Women

(c) People living in forest

(d) PVTGs

Q6. Which FMCG company topped for being the most popular brand ?

(a) Amul

(b) Britannia

(c) Parle

(d) Maggi

Q7-9 based on agriculture census

Q7. The Agricultural Census is conducted in the interval of how many years in India?

(a) 2

(b) 4

(c) 5

(d) 10

Q8. When was first Agriculture census was conducted ?

(a) 1950-51

(b) 1960-61

(c) 1970-71

(d) 2021-22

Q9. Consider the following statements regarding Agriculture Census:

1. Agriculture Census is being conducted in India, on the basis of guidelines of decennial World Census of Agriculture (WCA)
2. It is a central sponsored scheme
3. It is done with support of FAO

Choose the incorrect statement

(a)1,2

(b)2,3

(c)1,3

(d)1,2,3

Q10. Which tiger reserve played host to Global Tiger Day celebrations?

(a) Tadoba Tiger Reserve

(b) Dhudhwa Tiger Reserve

(c) Similipal Tiger Reserve

(d)Sunderbans Tiger Reserve

SOLUTIONS

Ans.1.(c)

Prime Minister Narendra Modi has launched the ‘India International Bullion Exchange (IIBX)’, at the Gujarat International Finance Tec-City (GIFT City) near Gandhinagar, Gujarat.

International Bullion Exchange (IIBX):

• This will allow qualified jewellers to directly import gold through IIBX.
• The International Financial Services Centres Authority (IFSCA) is the regulator of IIBX.
• IIBX is promoted by five market institutional investors i.e., CDSL, India INX, NSDL, NSE and MCX.
• This exchange will bring transparency to the price-setting mechanism; provide standardisation to the financialisation of the bullion in India; and work as a standard-setting tool for the quality of the bullion.
• NRIs and institutes will also be eligible to participate in the exchange after registering with the International Financial Services Centre Association (IFSCA).
• In the early stage, gold 1 kg with 995 purity and gold 100 grams with 999 purity will be traded with a settlement period of T+0. Further, the exchange is expected to extend the settlement period to T+2 days.

 Ans.2.(a)

Ashok Gautam will head IIBX as MD and CEO. He took charge in February 2022 and worked with IDBI Bank before this. He has earlier worked with the State Bank of India (SBI).

Pranay Kumar Verma, an experienced diplomat and IFS official from the 1994 batch, has been chosen to serve as India’s next High Commissioner to Bangladesh.

World Bank has appointed Indermit Gill, as its chief economist and senior vice-president for development economics at the multilateral development bank.

Ennarasu Karunesan has been named as the IAPH official representative in India. IAPH is the world’s port industry’s forum for cooperation and excellence.

 Ans.3(c)

Indian and Malaysian bodies signs deal to support palm oil business: Malaysian Palm Oil Council and Indian Vegetable Oil Producers’ Association have signed a MoU to expand their cooperation in promoting the usage of palm oil.

Ans.4.(b)

Coca-Cola has signed Olympic gold medalist, Neeraj Chopra for Limca Sportz promotion. Recently, Neeraj Chopra has become the first-ever Indian to win a silver medal at World Athletics Championships with his best throw of 88.13 m.

Ans.5.(b)

To educate the state’s women about their constitutional rights and laws, the Chhattisgarh Women Commission will host the Mukhyamantri Mahtari Nyay Rath Yatra.

PVTG: Primitive Vulnerable tribal group

Ans.6.(c)

Biscuit brand Parle continued to be the most popular brand among fast-moving consumer goods in India in 2021, topping the rankings for the eleventh year in a row.

Ans.7.(c)

The Eleventh Agricultural Census (2021-22) was recently launched by the Union Minister for Agriculture and Farmers Welfare, Narendra Singh Tomar.
Agriculture Census is conducted every 5 years in India and this is the first time the data collection will be conducted on smart phones and tablets. Agricultural Census is the main source of information on the number and area of ​​operational holdings, their size, class-wise distribution, land use, tenancy and cropping pattern, etc

Ans.8.(c)

Agriculture Census in India:

• Agriculture Census Scheme is being undertaken by Agriculture Ministry since 1970-71. For this, 1970-71 was taken as reference year.
• So far, ten Agriculture Censuses have been conducted. Last edition of Agriculture census was conducted in 2015-16.

Ans.9.(b)

Under this exercise, centre government provides funds to states to do entire work.

Agriculture Census is being conducted in India, on the basis of guidelines of decennial World Census of Agriculture (WCA) that has formulated by Food and Agriculture Organization (FAO) of United Nations. In the census, operational holding is considered as statistical unit at micro-level to collect data. Periodic Agriculture Census provides information regarding the basic characteristics of operational holdings like cropping pattern, land-use, tenancy, irrigation status, and dispersal of holdings etc. The Agriculture Census Scheme was converted to Central Sector Scheme, from a Centrally-Sponsored Scheme, in 2007-08. Thus, central government provides 100 percent financial assistance to States or UTs for payment of salaries, honoraria, office expenses, and printing of schedules, etc.

 Ans.10.(a)

Tadoba Tiger Reserve, Maharashtra played host to the Global Tiger Day Celebrations in India. Union Minister of Environment, Forest & Climate Change, Bhupender Yadav attended the Global Tiger Day 2022 Celebrations held at Chandrapur Forest Academy, Maharashtra.
The declaration to celebrate Global Tiger Day was taken on 29th July 2010 at St Petersberg, for increased thrust on tiger conservation and management globally.

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