General Awareness PYQs

62. Section 8 Company – Companies with Charitable Objects NCFE is a Section 8 (Not for Profit) Company under the Companies Act, 2013 promoted by RBI, SEBI, IRDAI and PFRDA.
    Reserve Bank of India (RBI) has released the National Strategy for Financial Education (NSFE): 2020-2025 document for creating a financially aware and empowered India.
    In India, a non-profit organisation can be registered as Trust by executing a Trust deed or as a Society under the Registrar of Societies, or as a private limited non-profit company under Section 8 Company under the Companies Act, 2013.

63. IndianOil rolled out brand new M15 Petrol (15% blend of Methanol with Petrol) in Assam‘s Tinsukia. The pilot rollout of M15 was done by Rameswar Teli, Minister of State for Petroleum & Natural Gas in presence of Dr V K Saraswat, Member Niti Aayog, S M Vaidya, Chairman IndianOil,.

64. Kerala wins the title of Santosh Trophy of 2022 and beats West Bengal 5-4 on penalties.

65. The Central Intelligence Agency has appointed Nand Mulchandani as CIA‟s first-ever Chief Technology Officer (CTO). With more than 25 years of experience working in Silicon Valley as well as the Department of Defense (DoD), Mulchandani brings substantial private sector, startup, and government expertise to the CIA.

69. The United Nations Security Council extended the peace security mission in South Sudan. The resolution sets the end of the mission's mandate on March 15^th, 2023.
    The current level of deployment should remain unchanged and up to 17,000 blue helmets and 2,100 police officers can be mobilized.

70. A former director of the Louvre Museum in Paris has been charged with conspiring to hide the origin of archaeological treasures that investigators suspect were smuggled out of Egypt in the chaos of the Arab Spring. Louvre, which is owned by the French state, is the world's most visited museum with around 10 million visitors a year before the Covid-19 pandemic and is home to some of Western civilization's most celebrated cultural heritage.

73. The Corporate Affairs Ministry has prescribed doubling the Net Owned Fund of a Nidhi company to ₹20 lakh. Also, minimum paid-up capital requirement has been enhanced to ₹10 lakh as against ₹5 lakh.

75. The PMJDY scheme was launched based upon the following 6 pillars: Universal access to banking services – Branch and BC
    Basic savings bank accounts with overdraft facility of Rs. 10,000/- to every household
    Financial Literacy Program– Promoting savings, use of ATMs, getting ready for credit, availing insurance and pensions, using basic mobile phones for banking
    Creation of Credit Guarantee Fund – To provide banks some guarantee against defaults
    Insurance – Accident cover up to Rs. 1,00,000 and life cover of 30,000 on account opened between 15 Aug 2014 to 31 January 2015
    Pension scheme for Unorganized sector

76. Company Sector Headquarters Founded Life Insurance Corporation of India Govt. Mumbai 1956
    HDFC Standard Life Insurance Co. Ltd. Private Mumbai 2000
    Max Life Insurance Co. Ltd. Private Delhi 2000
    ICICI Prudential Life Insurance Co. Ltd. Private Mumbai 2000

77. India‘s merchandise exports touched a record $418 billion in 2021-22, exceeding the government‘s target by about 5% and recording a 40% growth over the previous year, official data showed. Outbound shipments touched an all-time monthly high of USD 40.38 billion in March 2022$.

78. Finance Minister Nirmala Sitharaman announced in her budget presentation that The Emergency Credit Line Guarantee Scheme (ECLGS) would be extended to cover the next fiscal as well, with expanded guarantee cover of Rs 5 lakh crore. An additional guarantee amount of Rs 50,000 crore has been announced for the hospitality sector.

79. RBI issued guidelines for compensation of key managerial personnel and senior management of non-banking finance companies, RBI said that the finance companies have to constitute a nomination and remuneration committee (NRC), which will have the mandate to oversee the framing, review and implementation of compensation policy of the company with the approval of the board. NRC may ensure that compensation levels are supported by the need to retain earnings of the company and the need to maintain adequate capital based on Internal Capital Adequacy Assessment Process (ICAAP). ICAAP (Internal Capital Adequacy Assessment Process) notifies the Board of the current assessment of the bank's risks, how the bank plans to alleviate those risks, and the quantity of current and future capital is needed.

Monetary policy refers to the policy of the central bank with regard to the use of monetary instruments under its control to achieve the goals specified in the Act.
The primary objective of the RBI‘s monetary policy is to maintain price stability while keeping in mind the objective of growth. Price stability is a necessary precondition to sustainable growth.
The amended RBI Act, 1934 also provides for the inflation target (4% +-2%) to be set by the Government of India, in consultation with the Reserve Bank, once in every five years. Hence the floor inflation rate is 2%. MPC is constituted by the Central Government.