Optimum Daily Current Affairs 23rd December By Karan Sinha

1. In December as per report Securities and Exchange Board of India (SEBI) has increased the minimum utilisation amount earmarked for buybacks through
stock exchange to ________ per cent from 50 per cent.
A. 100 %
B. 75 %
C. 60 %
D. 74 %

 Market regulator said buybacks through stock exchanges would be phased out
gradually.
 The Securities and Exchange Board of India (SEBI) also increased the minimum
utilisation amount earmarked for buybacks through stock exchange to 75 per cent
from 50 per cent.
 The SEBI also said in a statement that it would permit an upward revision of buyback
price through tenders until one working day prior to the record date.
 The timeline for completion of buybacks through tender offers has been reduced by
18 days.
 SEBI has said that these buybacks would be slowly phased out from the secondary
market exchange platforms and conducted on a separate window. This is to ensure
transparency in the tender process.
 SEBI said it would also cut the time for share buyback to 66 days from the present 90-
day period.
 In the tender route, shares will be brought back by companies at premium to the
market price and since the acceptance ratio too would be high it would benefit
retail investors.
 In another major announcement SEBI said that market infrastructure institutions
(MII), like stock exchanges, should create separate business development and risk
management verticals. The move comes nearly seven years after the NSE first got
embroiled in controversy due to lapse of corporate governance at the exchange and
the co-location trading scandal that led to the arrest of former exchange MD Chitra
Ramkrishna.
 Share buyback is when a listed company buys its own shares from existing shareholders.
 It is also called share repurchase.
 Process reduces number of outstanding shares in open market which leads to better valuation and Earnings Per Share (EPS).
 Keki Mistry committee was set up by SEBI to review the buyback regulations.
 Committee recommended that under stock exchange route, there are possibility of one shareholder’s entire trade matching with purchase order placed by
company.
 This may deprive other shareholders of availing benefit of buyback.
 It is contrary to principle of equitable treatment which forms basis of all corporate actions.
 Following its recommendations, SEBI will phase out buyback through stock exchange route effect from 2025.
 It was constituted as a non-statutory body in 1988 through a resolution of Government of India.
 It was established as a statutory body in year 1992. It’s a 9 members body consisting of- Chairman is nominated by Union Government of India, Two
officers of Union Finance Ministry, One member of Reserve Bank of India, Remaining nominated by Union Government of India where 3 of them are
whole-time members.

2. In December as per report Gift City regulator International Financial Services Centres Authority (IFSCA) has come up with a regulatory framework for
distribution of capital market products and services from international financial services centres (IFSCs).
As per report ________________are permitted to invest in select countries where omnibus structure is allowed,
A. Banking units
B. Finance companies
C. Broker-dealers
D. Company with a net worth more than $1,50,000
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 E. All of the above

 Gift City regulator International Financial Services Centres Authority (IFSCA)

has come up with a regulatory framework for distribution of capital market
products and services from international financial services centres (IFSCs).
 With this move, distributors of capital market products can register with the
IFSCA, and undertake global distribution from these IFSCs and offer their
services to clients in various jurisdictions. Currently, there is only one IFSC in
India — GIFT City in Gujarat.
 In Gift City, distributors are permitted to enter into arrangements with other
distributors (called associated distributors) from India, IFSC and foreign
jurisdictions to widen the scope of their operations, get access to a larger pool
of issuers and service providers, and cater to a broader clientele.
 In order to protect the interest of clients, the framework provides for various
eligibility requirements, a detailed code of conduct including an
advertisement code, other obligations, various permissible activities,
responsibilities of issuers and service providers in IFSC, etc.
 The capital market services that can be provided out of the IFSCs include
portfolio management services and investment advisory services.
 While distributors may offer their services to “sophisticated investors” and
distribute a wide bouquet of products and services, the distribution to other
investors may be undertaken with higher level of diligence and from a
restricted set of products and services.
 Distributors such as banking units, finance companies, broker-dealers and those with a net worth more than $1,50,000 are permitted to invest in select
countries where omnibus structure is allowed, subject to adequate measures such as prior consent of clients, maintenance of records, compliance with KYC
and AML/CFT norms, etc.
 A comprehensive code of conduct has also been prescribed to ensure distributors maintain high standards of integrity, disclosure, diligence, promptitude
and fairness in their dealings with clients.
 The code of conduct would have to be complied by all registered distributors, associated distributors and other distributors that are empanelled by IFSC-
based entities for distribution of their products/services.
 It is established in 2020 under Financial Services Centres Authority Act, 2019.
 It headquarters is at Gujarat International Finance Tech (GIFT) City, Gandhinagar in Gujarat.

3. In December as per report by Home Credit India___________is top choice of borrowers when it came to shopping or for any credit need.
A. Credit Cards
B. EMI Cards
C. Buy Now Pay Later
D. None of the above

 EMI cards seems to have taken wings in India with more than 50 per
cent of borrowers surveyed by Home Credit India, showing
preference and acceptability for such cards when it came to
shopping or for any credit need.
 This was followed by credit cards (25 per cent), with new age
lending platforms including ‘Buy Now Pay Later’ evidently losing out
with less than 10 per cent in favour, revealed the findings of the
latest Home Credit India’s ‘How India Borrows’ 2022 Study.
 Borrowers view EMI Cards as trustworthy, with timely approvals
and quick disbursals.
 The survey was conducted across 16 cities including Delhi-NCR,
Mumbai, Kolkata, Bengaluru, Hyderabad, Bhopal, Patna, Ranchi,
Ahmedabad, Chandigarh, Chennai, Dehradun, Jaipur, Lucknow,
Ludhiana, and Pune. The sample size is about 1500 borrowers (Home

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 Credit customers) in the age group of 18-55 years, with an average
income of ₹ 30,000 per month.
 Home Credit India, a local arm of global consumer finance provider Home Credit, released its annual consumer study - ‘How India Borrows’ (HIB) 2022
study.

4. In December as per report by IMF India real GDP is projected to grow at ______________ per cent in FY2022/23.
A. 6.8 %
B. 6.1 %
C. 7.2 %
D. 6.9 %

 Projecting a growth rate of 6.8 per cent and 6.1 per cent in the current and the next fiscal
respectively, the International Monetary Fund said that India is navigating a "very
difficult" external environment.
 Choueiri Nada, the IMF's India Mission Chief, in her virtual interaction with reporters
reiterated that India continues to be the bright spot in an otherwise gloomy global
economic scenario.
 The International Monetary Fund (IMF) is a major financial agency of the United Nations,
and an international financial institution.
 First Deputy Managing Director: Gita Gopinath, Headquarters: Washington, D.C., U.S,
Managing Director: Kristalina Georgieva, Chief Economist: Pierre-Olivier Gourinchas.

5. Consider the following statement regarding India’s economic outlook. Which of the
following statement is correct ?
1. The report has been prepared by Economic Affairs Department.
2. GDP has grown by 6.3% in July-September quarter aided by robust
domestic demand and steady investment activity.
3. Capital expenditure of centre expanded by 61.5% during the first
seven months of 2022-23.
4. Only 1 and 3
5. All of the above are correct

 India’s economic outlook is likely to be complicated by global economic

developments in the upcoming year.
 According to the finance ministry’s monthly economic review for
November, a diverging rate hike cycle across economies may act as a
challenge for India.
 The report has been prepared by Economic Affairs Department. It has
been released at a time when several economies are in recession.
Exception has been Japan which has upped its growth projection.
 As per the report, India needs to focus on medium-term challenges such
as securing technology and resources for energy transition and skilling
its youth for the 21st-century economy.
 GDP has grown by 6.3% in July-September quarter aided by robust
domestic demand and steady investment activity.
 Q2 of 2022-23 also marked a post-recovery growth for the Indian
economy.
 The report notes that CPI-based retail inflation came within upper limit
of 6% in November after a gap of 10 months.
 The report says that core inflation, however, remained at high level of
6% in November.
 The report highlighted that the real investment rate during Q2 of 2022-
23 remained at high level of 34.6%.

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 As per the report, this shows government’s continued commitment towards asset creation.
 Capital expenditure of centre expanded by 61.5% during the first seven months of 2022-23. It reached to Rs 4.1 lakh crore, which is 54.6% of the available
budget.

6. In December as per report ________ has formed a new national record in the women’s 50m breaststroke held at the FINA World Swimming
Championships 2022 in Melbourne, Australia.
A. Chaht Arora
B. Shubhangi Verma
C. Aditi Ashok
D. Suhani Sharma

 In Swimming, Chahat Arora has formed a new

national record in the women’s 50m breaststroke.
 She set this record at the FINA World Swimming
Championships 2022 in Melbourne, Australia.
 She took 32.91 seconds at 25-metre short course
pool of the Melbourne Sports and Aquatic Centre.
 However, Chahat Arora could not qualify for the semi-finals after finishing 31st overall.
 She bettered her own previous record of 32.94 seconds.
 She had set this record of 32.94 seconds at the National Aquatic Championships 2022 in September.
 Lithuania’s Ruta Meilutyte topped the overall with a timing of 29.10 seconds.
 The FINA World Swimming Championships 2022, the 16th edition of the competition, concluded on 18 December 2022.

7. Recently seen in news Kankesanthurai port is located in which of the following country ?
A. India
B. Sri Lanka
C. Bangladesh
D. Iran

 Passenger ferry service is going to start

between India and Sri Lanka from January.
The ferry service will connect the
Kankesanthurai port in Jaffna district and
Puducherry in India.
 Sri Lankan Ports and Shipping Minister
Nimal Siripala de Silva said that the
Government of India has given consent for
the ferry service.
 The passenger ferry service is likely to give a boost to the tourism sector as well as strengthen the cultural ties between the two countries.
 He said that passenger transport services would also be started from South India to Trincomalee and Colombo in Sri Lanka.
 Mr. D'Silva said that this step of starting the ferry service has been taken on the demand of the people of both countries.
 Under the new service, 300 to 400 passengers will be carried in each trip.
 The journey time of the ferry will be around three and a half hours.
 Ferry owners suggest that the fare for the ferry may be Rs 5,000 per passenger and a passenger will be able to carry luggage up to 100 kg.

8. International Human Solidarity Day is observed annually on _________ to promote the spirit of sharing for eradicating poverty and celebrate unity in
diversity.
A. 16th December
B. 20th December
C. 21st December
D. 23rd December

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 International Human Solidarity Day is observed annually on 20 December to promote the spirit of sharing for eradicating poverty and celebrate unity in
diversity.
 Solidarity is identified in the Millennium Declaration as one of the fundamental values of international relations in the 21st Century.
 Solidarity means those who suffer or benefit least deserve help from those who benefit most.
 On December 20, 2002, the UN General Assembly established a World Solidarity Fund to help counter global poverty.
 The UN designated December 20 as International Human Solidarity Day to recognise this day.
 World Solidarity Fund was set up in February 2003 as a trust fund of the United Nations Development Programme.

9. In December as per report according to a new study, two alien planets Kepler-138 c and Kepler-138 d about __________ light years away from Earth have
been found.
A. 220 light years
B. 218 light years
C. 210 light years
D. 225 light years

 According to a new study, two alien planets about 218 light years away from Earth have
been found.
 New exoplanets, Kepler-138 c and Kepler-138 d, are of the same size and are more massive
than Earth but lighter than Uranus and Neptune.
 They are located in a planetary system 218 light-years away in the constellation Lyra.
 Both have a radius around 1.5 times that of Earth are were discovered by Kepler Space
Telescope.
 These exoplanets large fraction is composed of water and is different from the planets in
our solar system.
 They are also larger-scale versions of Enceladus (Saturn’s moon)
and Europa (Jupiter’s moon).
 Kepler- 138 c and d are made up of ingredients lighter than rock
but heavier than hydrogen or helium.
 A planet outside the Solar System is called an exoplanet. Proxima
Centauri b is the closest known exoplanet of earth.

10. In December as per report _____________ Indian films has been

shortlisted for the Oscar 2023.
A. Chhello Show
B. All That Breathes
C. Elephant Whisperers
D. All of the above

 Gujarati film Chhello Show and RRR’s Naatu Naatu have been
shortlisted for the Oscar 2023.
 Oscars 2023 has unveiled its shortlisted films list. Four Indian films
have found a place in the list.
 Gujarati film Chhello Show is India’s official entry for the 95th
Academy Awards.
 Chello Show has been shortlisted in the International Feature Film
category.
 RRR’s song Naatu Naatu has been shortlisted in the Music
(ORIGINAL SONG) category.
 The documentary ‘All That Breathes’ found a place in the
Documentary Feature Film category list.
 ‘Elephant Whisperers’ has been shortlisted in the Documentary
Short Film category.

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 The Shortlisted films for 10 categories have been announced.
 The Oscars winners receives a copy of the golden statuette (The Academy Award of Merit).
 The first Academy Awards were presented in 1929.
 Bhanu Athaiya is the first Indian to win an Academy Award for designing the costumes in the film ‘Gandhi’ in
1982.
 Joyland may have faced trials and tribulations in its home country but to the international community, it was a
banger from the start. The film has been shortlisted for the Oscars, the first ever movie to do so from Pakistan.

 SS Rajamouli's period action film 'RRR' bagged nominations in two categories at the upcoming Golden Globe
Awards. The film which stars Ram Charan and Jr NTR in the lead earned nods in the Best Picture - Non-English and
Best Original Song - Motion Picture categories.
 Telugu track 'Naatu Naatu', composed by veteran music director MM Keeravaani and penned by Kala Bhairava
and Rahul Sipligunj for the film, has been nominated in the Original Song - Motion Picture category.
 Rajamouli, who has attained global recognition post the success of the film, was recently declared the runner-up
in the Best Director category by the Los Angeles Film Critics Association (LACFA). Keeravaani received LACFA's Best
Music Score award. Rajamouli previously won the New York Film Critics Circle Award for Best Director.
 In 2009, music maestro A R Rahman became the first Indian to win the Golden Globe for Best Original Music Score
for Danny Boyle's 'Slumdog Millionaire'.
 Previously, Indian films such as 'Salaam Bombay!' (1988) and 'Monsoon Wedding' (2001), both directed by Mira
Nair, were nominated in the Best Foreign Language Film category.

11. Recently seen in news Patriot missile defence system is associated with which of the following country ?
A. Russia
B. Ukraine
C. USA
D. Germany

 US would provide its key Patriot missile defence system to Ukraine.

 This system can be used as a shield against short-range ballistic missiles, cruise missiles and incoming jets.
 This will be first-ever handover of such a defence system to Ukraine.
 Till now, US has provided a pair of National Advanced Surface-to-Air Missile Systems (NASAMS) to Ukraine.
 Patriot missile system would be part of another 1.85 billion dollars in aid to Ukraine.
 Military vehicles, ammunition for HIMARS (High Mobility Artillery Rocket Systems), mortars, and small arms are also included in the package.
 Patriot- Phased Array Tracking Radar for Intercept on Target- is a theater-wide surface-to-air missile defense system built by Raytheon Technologies Corp
(RTX.N). It is one of the most advanced air defense systems in the U.S. arsenal.
 It was first used in combat during the 1991 Gulf War and later was used during invasion of US in Iraq in 2003.
 It is a mobile system that usually includes powerful radar, a control station, a power generator, launch stations and other support vehicles.

12. Consider the following statement regarding Pralay. Which of the following statement is correct ?
1. “Pralay” ballistic missile capable of hitting targets from 150 to 500 kms.
2. It has been developed by ISRO.
3. It is a quasi-ballistic surface-to-surface missile.
4. Both 1 and 3
5. All of the above are correct

 Indian forces to acquire “Pralay” ballistic missile capable of hitting targets from 150 to 500 kms.
 Amid the ongoing conflict with China, Indian armed forces have moved the proposal to acquire Pralay missile.
 The proposal is at an advanced stage and is likely to get clearance at a high level meeting.
 Pralay, powered with solid propellant rocket motor, is a quasi-ballistic surface-to-surface missile.
 It is an advanced missile that has been developed in a way to beat interceptor missiles.
 It also has the ability to change its path after covering a certain range midair.

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 It is believed to be the Indian version of Dongfeng 12, 9K720 Iskander and Hyunmoo 2 missiles.
 It has been developed by DRDO.
 Pralay missiles and BrahMoS supersonic cruise missiles would be the longest-range tactical weapon system in Indian defence forces.
 In December 2021, DRDO successfully conducted the testing of Pralay missile.

13. As per report Veer Guardian 23 is bilateral aerial combat exercise between India and ___________ which is scheduled next month to enhance mutual skills
at Hyakuri air base and Iruma air base.
A. Australia
B. Japan
C. Bangladesh
D. Egypt

 India and Japan will conduct the first bilateral aerial combat exercise Veer Guardian 23 from January 16 to 26 at Hyakuri air base and Iruma air base in
Japan to enhance mutual skills .
 The exercise will be conducted from 16 to 26 January at Hyakura Air Base and its surrounding airfields at Omitama and Iruma Air Base at Sayama.
 The aim of the exercise with the Japan Air Self-Defense Force (JASDF) is to strengthen defense cooperation, enhance tactical skills and promote mutual
understanding between the armies.
 More than 150 Indian Air Force personnel will participate in the exercise, and India’s Su 30 MKI will also take part.
 According to the JASDF, four F-2s, 7 Air Wing (Hyakuri), four F-15s, Air Tactics Development Wing (Komatsu), and Central Aircraft Control and Warning
Wing (Iruma) will participate.
 India and Japan conduct both army and naval-level exercises.
 In February 2022, both armies had conducted "EX DHARMA GUARDIAN-2022" in Belagavi, Karnataka.
 In 2018, the bilateral army exercise was initiated, while the Indian Navy has been conducting the Japan-India Maritime Exercise (JIMEX) every year since
2012.

14. In December as per report __________edition of the North East Festival began on 23 December at the Jawaharlal Nehru Stadium in New Delhi.
A. 10th
B. 15th
C. 18th
D. 23rd

 The 10th edition of the North East Festival began on 23 December at the
Jawaharlal Nehru Stadium in New Delhi.
 The event will conclude on 26 December.
 The aim of the festival is to promote the diverse life, culture, traditions, and
tourism of the North-East region.
 Micro, Small, and Medium Enterprises Minister Narayan Rane inaugurated
the MSME exhibition at the North East Festival.
 The festival will give an opportunity to North-East entrepreneurs, especially
women and SC/ST entrepreneurs, to demonstrate their skills, products, and
growth opportunities.
 The four-day cultural fest will showcase the best of North East India's
cultural resources in Delhi.
 More than a hundred MSME businesses are participating in the festival.

15. Who is the author of the book titled 'Anthropocene: Climate Change,
Contagion, Consolation’ ?
A. Shobhana Kumar
B. Sudeep Sen
C. Raj Kamal Jha
D. Siddharth Bharat

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 Indian Authors Sudeep Sen and Shobhana Kumar jointly won the
Rabindranath Tagore Literary Prize 2021-22.
 Sudeep Sen has won the award for his book ‘Anthropocene: Climate Change,
Contagion, Consolation’.
 It was published by Pippa Rann Books, UK. The book is focused on Climate
Change and pandemics.
 Shobhana Kumar won the award for her book ‘A Sky Full of Bucket Lists’ (Red
River, 2021).
 Shobhana Kumar received the award for his contribution towards sustenance
and arts.
 They were shortlisted out of 11. The awards were presented at India
International Centre in New Delhi.
 Rabindranath Tagore Literary Prize: It was launched in 2018 to recognize
literary and social accomplishments.
 The winners received an award of $10,000 and a Rabindranath Tagore
statuette.
 It is conferred annually to published works of Indian authors (residing in India
or abroad) in novels, short stories, poetry, and drama.
 In 2020, it was won by Raj Kamal Jha.

16. Who is the author of the book titled 'All The Lives We Never Lived' ?
A. Janardan Prasad Pandey
B. Badri Narayan
C. Anis Ashfaq
D. Anuradha Roy

 Anuradha Roy wins the Sahitya Akademi Award for her

novel 'All The Lives We Never Lived'.
 The winners of the 2022 Sahitya Akademi awards were
announced on December 22.
 Anuradha Roy won the award in the English language
category.
 N Kalyan Raman’s translation of the novel Poonachi into
English won the Sahitya Akademi Prize for Translation.
 Sanskrit Poet Janardan Prasad Pandey won the award
for his book ‘Mani’.
 Prof Badri Narayan has won the award for his collection of poems 'Tumadhi ke Shabd'.
 Anis Ashfaq has bagged the prestigious Sahitya Akademi Award 2022 for his Urdu
novel, ‘Khwab Saraab’.
 Seventeen books have been selected in the translation category. The award has been
given in 23 languages.
 It includes seven books of poetry, six books of novel, two books of short stories, three
dramas, two literary criticism and one each of autobiographical essays, collection of
articles and literary history.
 The Bal Sahitya Puraskar has been given in Santhali to Ganesh Marandi for his book
titled ‘Hapan Mai’.
 The winners were selected on the recommendations of a jury of three members each in
the languages.
 Sahitya Akademi Award is the second-highest literary honour in India.

17. In December as per report___________ has been awarded VinFuture Special Prize 2022.
A. Thalappil Pradeep
B. Mukesh Kumar

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 C. Siddharth Bharat
D. Sudeep Sen

 IIT Madras Professor Pradeep has received the prize in Hanoi for the innovation of a low-cost filtration system to remove arsenic and other heavy metals
from groundwater in developing country innovators category.
 VinFuture Prize: The prize is announced by the VinFuture Prize Council.
 It was launched in 2020 to recognize exceptional inventors and researchers from global academic institutions, research labs, and industry to honor
breakthrough scientific research and technological innovations.
 VinFuture Grand Prize is valued at US $ 3 million. It is one of the largest ever annual prizes given globally.
 Three special prizes are given to Female innovators, Developing country innovators and innovators with outstanding achievements in emerging fields.
 Each special prize carries a value of US $ 500,000.

18. As per latest FIFA Ranking what is the rank of Indian men's football team ?
A. 106
B. 104
C. 102
D. 108

 The FIFA World Cup Qatar 2022 has just crowned a new champion in Argentina (2nd, plus 1), but that has not
stopped Brazil (1st, -) staying out front in the last FIFA/Cola-Cola World Ranking of the year.
 A Seleção hold a narrow lead over La Albiceleste, who would have jumped ahead of their neighbours and rivals
had they beaten France (3rd, plus 1).
 Unlucky losers, Les Bleus may have lost their world crown but they are back in the top three. Dropping out of it
are Belgium (4th, minus 2), after they failed to reach the knockout phase at.
 orocco has climbed from 22nd to 11th in the latest FIFA world ranking.
 The Atlas Lions were eliminated by France 2-0 in the semifinals at the World Cup before losing 2-1 to Croatia in the third-place playoff, ending their
journey with a memorable fourth place as the first ever African side to reach the World Cup semifinals.
 In the current FIFA Ranking for India is 106th. The country holds a total of 1192 points. India did not qualify for the 2022 World Cup but has participated in
many other football tournaments.

19. In December as per report _________has bagged the rights to host India’s first ever World Table Tennis (WTT) series event.
A. Goa
B. Kerala
C. Tamil Nadu
D. Uttar Pradesh

 World Table Tennis (WTT) has awarded Panaji, the capital of Goa, the rights to host India’s first ever World Table Tennis (WTT) series event.
 The top tier WTT Star Contender Goa 2023, has been scheduled from February 27 – March 5 at the Shyama Prasad Mookerjee Indoor stadium, located on
the Goa University Campus in the southern Taleigao neighborhood of the state capital.
 WTT Series is the official professional table tennis series of events, with the world’s best players facing each other off in various category tournaments
throughout the year with the four Grand Smashes being the ultimate prize to win.
 The International Table Tennis Federation is the governing body for all national table tennis associations. Headquarters: Lausanne, Switzerland, CEO:
Steve Dainton.

20. Recently seen in news Srimukhalingam Temple is loctaed in which of the followig state ?
A. Tamil Nadu
B. Kerala
C. Andhra Pradesh
D. Odisha

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 Recently, the Srimukhalingam temple chief priest urged the Archaeological Survey of India (ASI) to
get the historic Siva temple included in UNESCO's list of World Heritage Sites
 Some architectural masterpieces were created by the rulers of the Eastern Ganga dynasty in the
then-capital of the Kalinga kingdom.
 Srimukhalingam temple is dedicated to Lord Shiva, known as Sri Mukha Lingeswara Swamy,
housing 3 Ancient Temples at one Location.
 The Trinity of Madhukeswara, Someswara and Bheemeswara Temples are a testimony to the
magnificent architectural skills of Kalinga Kings.
 This temple is built in Kalinga architectural style on the banks of the Vamsadhara river.

21. ‘Veer Bal Diwas’ is observed on ____________ , to mark the martyrdom of Sri Guru Gobind Singh’s
sons.
A. 24th December
B. 26th December
C. 22nd December
D. 25th December

 Prime Minister of India had recently announced that 26th December will be
observed as ‘Veer Bal Diwas’, to mark the martyrdom of Sri Guru Gobind Singh’s
sons.
 On December 26, 1707, Sahibzada Zorawar Singh and Sahibzada Fateh Singh
attained martyrdom when they were executed on the orders of Aurangzeb.
 Fatehgarh Sahib is the name of the location where they were martyred.
 Guru Gobind Singh : He was the 10th Sikh guru.
 He became the Sikh guru at the age of nine, following the demise of his father,
Guru Tegh Bahadur, the ninth Sikh Guru.
 Also known for his significant contributions to the Sikh religion, including the
introduction of the turban to cover hair.

22. In December as per report RBI’s amended bank locker rules will take effect from
1st January.
As per RBI, the recording of CCTV camera shall be preserved for a period of not less
than _________ days.
A. 100 days
B. 180 days
C. 150 days
D. 210 days

 RBI’s amended bank locker rules will take effect from 1st January. RBI has asked banks in India to renew their locker agreements with existing locker
customers by 1st January.
 All the existing locker customers must furnish proof of eligibility for a renewed locker arrangement.
 RBI has advised the banks to install CCTV camera at entry and exit points of the strong room and the common areas of operation.
 As per RBI, the recording of CCTV camera shall be preserved for a period of not less than 180 days.
 RBI has also asked the banks to make sure that any “unfair terms or conditions” are not covered in their locker agreements.
 As per the guidelines, If any customer has complained that his/her locker is opened without his/her knowledge then the bank shall preserve the CCTV
recording till the police investigation is completed and the dispute is settled.
 As per the guidelines, this provision of preserving CCTV recording also applies if any theft or security breach is noticed.
 If the valuables stored in the vaults are ransacked or lost due to fire or building collapse, depositors can now get up to 100 times the bank charges.
 However, the bank is not responsible for any loss or damage to the locker's contents resulting from natural disasters or other "Acts of God."

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23. As per report by Centre for Economics and Business Research India's growth trajectory will rise to the third spot by _________ from the current fifth spot
on the World Economic League Table.
A. 2030
B. 2037
C. 2040
D. 2028

 India's growth trajectory will rise to the third spot by 2037 from the current fifth spot on the World Economic League Table, according to Cebr.
 The Centre for Economics and Business Research said that over the next five years, India's annual rate of GDP growth is expected to average 6.4%, after
which growth is expected to average 6.5% in the subsequent nine years.
 India's growth trajectory will rise to the third spot by 2037 from the current fifth spot on the World Economic League Table, according to Cebr.
 The Centre for Economics and Business Research said that over the next five years, India's annual rate of GDP growth is expected to average 6.4%, after
which growth is expected to average 6.5% in the subsequent nine years.
 The UK-based consultancy still expects growth in the fiscal year 2022-23 to remain robust, at 6.8% amid inflation, US monetary policy, the Russia-Ukraine
war, and other global uncertainties.

24. As per report ____________ will pilot the integrated low cost airline of the Tata group, which is being created by merging of Air India Express and AirAsia
India from 1 January.
A. Sunil Bhaskaran
B. Aloke Singh
C. Siddhart Bharat
D. Sudeep Sen

 Aloke Singh will head Air India’s low-cost airlines,

while AirAsia India’s existing CEO Sunil Bhaskaran
will take charge of a new aviation training
academy as part of an organisational revamp.
 The Tata group runs four airlines — Air India, Air
India Express, AirAsia India, and Vistara. As part
of consolidation exercise, Air India Express and
AirAsia India will merge into a single, low-cost
airline. Vistara, too, be will be merged with Air
India, creating a single full-service carrier.
 Both these mergers are awaiting regulatory
approvals, and all four airlines are operating
separately.
 Singh, who is the CEO of Air India Express, will be
the sole CEO of Air India LCC airlines effective
January 1, the airline’s chief executive officer,
Campbell Wilson.
 Bhaskaran will take over his new role on the same date.
 According to an aviation analytics firm, Air India Express is operating 603 flights a week to and from 32 domestic and
international cities. In December last year, it operated about 531 flights a week to and from 34 domestic and international
cities.

25. In December as per report SBI Funds Management Ltd has appointed __________ as managing director and chief executive officer of the company.
A. Sunil Bhaskaran
B. Shamsher Singh
C. Siddhart Bharat
D. Sudeep Sen

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 SBI Funds Management Ltd said it has appointed Shamsher Singh as managing director and chief executive
officer of the company.
 Singh, who was deputy managing director at State Bank of India (SBI), has taken over the charge from Vinay M
Tonse following his repatriation to the public sector lender.
 SBI Funds Management is a joint venture between SBI and Europe's largest asset manager Amundi.

26. In December as per report ___________ became the country's first carbon-neutral power exchange, using
market based tradable instruments to offset its carbon emissions
A. BSE
B. NSE
C. IEX
D. IBNX

 Energy trading platform Indian Energy Exchange (IEX) became the country's first carbon-neutral power
exchange, using market based tradable instruments to offset its carbon emissions.
 To reduce its carbon footprint, IEX voluntarily cancelled CERs (certified emissions reductions) from clean projects registered under the Clean Development
Mechanism of United Nations Framework Convention on Climate Change.
 IEX’s commitment towards climate mitigation will support the corporates and industries who want to be associated with an environmentally responsible
organization and will enable them to contribute towards the critical challenge of climate change.
 The Indian Energy Exchange is an Indian electronic system based power trading exchange regulated by the Central Electricity Regulatory Commission. IEX
started its operations on 27 June 2008.

27. In December as per report ___________ has the largest number of Centrally Protected Monuments which have been encroached upon, closely followed by
Tamil Nadu.
A. Uttar Pradesh
B. Madhya Pradesh
C. Andhra Pradesh
D. Odisha

 Uttar Pradesh has the largest number of Centrally Protected Monuments

which have been encroached upon, closely followed by Tamil Nadu.
 India has a total of 3,695 Centrally Protected Monuments or Sites in the
country, under the protection of the Archaeological Survey of India (ASI).
 Uttar Pradesh has the largest number of Centrally Protected monuments in
the country at 743, followed by Tamil Nadu which has 412.
 While 75 protected monument sites have been trespassed in Uttar Pradesh,
the corresponding number for Tamil Nadu is 74.
 Functions of ASI in protecting monuments
 The monuments are regularly inspected by the ASI officials to assess their
present condition.
 Necessary conservation and preservation works are taken up as per the
requirement.
 National Monuments Authority (NMA) under the Ministry of Culture, Govt. of
India has been setup as per the AMASR Act, 2010.
 NMA is constituted with a Chairperson and up to 5 Whole Time and 5 Part
Time Members each and a Member Secretary.
 The Director General of ASI is an ex officio Member.

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