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CLICK ON -PLUTUS IAS ​ The Indian Railways set to meet its energy consumption of over 33 billion units by which year? 1) 2030 2) 2035 3) 2025 4) 2023 5) 2027 Answer & Explanation Answer-1) 2030 Explanation: Indian Railways organized a discussion over a wide range of topics with the stakeholders, chaired by Piyush Goyal, Union Minister of Railways, to become 100% self-sustainable for all its energy needs and to contribute to the National Solar Mission of India. Indian Railways is set to meet its energy consumption which will be over 33 billion units by 2030. The discussion is aimed to achieve the ambitious plan of Indian Railways to achieve 100% Electrification of Railways by 2023. The current annual energy requirements of Indian Railways are around 21 billion units. Indian Railways has developed a mega plan to install solar power plants of capacity 20 Gigawatt(GW) by utilizing vacant lands by 2030. The Business with an annual turnover of up to _______ are exempted from GST (August 2020). 1) Rs 20 lakh 2) Rs 50 lakh 3) Rs 40 lakh 4) Rs 25 lakh 5) Rs 10 lakh Answer & Explanation Answer-3) Rs 40 lakh Explanation: Businesses with an annual turnover of up to Rs 40 lakh are GST exempt. Initially, this limit was Rs 20 lakh. Also, those with a turnover up to Rs 1.5 crore can opt for the Composition Scheme and pay only 1% tax. Find the organization which launched India Component of the Nationally Determined Contributions (NDC)-Transport Initiative for Asia (TIA). 1) Finance Commission (FC) 2) Reserve Bank of India (RBI) 3) National Institution for Transforming India (NITI) Aayog 4) National Development Council (NDC) 5) None of these Answer & Explanation Answer-3) National Institution for Transforming India (NITI) Aayog Explanation: National Institution for Transforming India (NITI) Aayog launched the India Component of the Nationally Determined Contributions (NDC)-Transport Initiative for Asia (TIA). The NDC-TIA India team will focus on establishing a multi-stakeholder dialogue for decarbonizing transport and providing technical support on Green House Gas emission reduction measures in India. India’s Think-Tank NITI Aayog will be the implementing agency in India. NDC-TIA is part of International Transport Forum (ITF)’s work on Decarbonising Transport in India that also includes Decarbonising Transport in Emerging Economies – India component. It is supported by the International Climate Initiative (IKI) of the German Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU). The Government of Assam approved the ‘Assam Skill Development University Bill’ to set up World Class Skill University at Mangaldoi, Darrang District. The University will be financed by which bank? 1) Asian Infrastructure Investment Bank (AIIB) 2) New Development Bank (NDB) 3) Asian Development Bank (ADB) 4) World Bank (WB) 5) None of th Above Answer & Explanation Answer-3) Asian Development Bank (ADB) Explanation: Government of Assam approved the ‘Assam Skill Development University Bill’, which provides for setting up of World Class Skill University at Mangaldoi, Darrang District at a cost of 900 crore rupees. The University will be the first of its kind in the North-East Region and will be financed by Asian Development Bank (ADB). Assam Industry and Commerce Minister Chandra Mohan Patowary made the announcement about the setting up of the university, after a cabinet meeting. The State Government of Assam has tied up with Singapore based ITE Education Service, for setting up of the Skill Development University. Name the Kerala’s 1st marine ambulance which was inaugurated by Kerala CM Pinarayi Vijayan recently. 1) Khukri 2) Pratheeksha 3) Nireeksha 4) Sindhughosh 5) None of the Above Answer & Explanation Answer-2) Pratheeksha Explanation: Kerala Chief Minister Pinarayi Vijayan inaugurated the State’s First fully equipped Marine Ambulance ‘Pratheeksha’. It was acquired by the Fisheries Department at Kochi for rescue operations at sea. ‘Pratheeksha’ – built by Cochin Shipyard Ltd (CSL) is the first of the three marine ambulances ordered by the state. Which state/UT has launched ‘Iraada’ campaign to include eligible left-out beneficiaries under social welfare schemes? 1) Assam 2) Jammu & Kashmir 3) Karnataka 4) Puducherry 5) Odisha Answer & Explanation Answer-2) Jammu & Kashmir Explanation: In Jammu & Kashmir, Dr Sagar D. Doifode, Doda District Deputy Commissioner(DCC) launched ‘Iraada’ campaign to include eligible left-out beneficiaries, who have not yet been enrolled to receive the financial assistance benefits under various social welfare schemes, which includes old age pension, widow and handicap scheme. In other words, the campaign is for 100% coverage under social welfare schemes. Which bank lead the consortium of 6 banks which signed deal with Uttar Pradesh Expressway Industrial Development Authority to fund Bundelkhand Expressway project? 1) Central Bank of India 2) State Bank of India 3) Bank of Baroda 4) Punjab National Bank 5) Canara Bank Answer & Explanation Answer-3) Bank of Baroda Explanation: The Uttar Pradesh Expressway Industrial Development Authority (UPEIDA) signed a deal with the consortium of 6 banks led by Bank of Baroda (BoB) for funding construction of Bundelkhand Expressway project. The consortium of banks includes Bank of Baroda, Union Bank of India, Bank of Maharashtra, Indian Bank, Bank of India and UCO Bank. Bank of Baroda accepted the leadership of this consortium. UPEIDA, which is responsible for the construction of the Bundelkhand Expressway project, has taken a loan of Rs.5900 crores from 6 banks. Which department has decided to integrate electronic Pension Payment Order (e-PPO) with DigiLocker? 1) Department of Investment and Public Asset Management 2) Department of Consumer Affairs 3) Department for Promotion of Industry and Internal Trade 4) Department of Pension & Pensioners’ Welfare 5) Department of Public Enterprises Answer & Explanation Answer-4) Department of Pension & Pensioners’ Welfare Explanation: The Department of Pension & Pensioners’ Welfare (DoPPW), Ministry of Personnel Public Grievances and Pension, has decided to integrate the electronic Pension Payment Order (e-PPO) with Digi Locker. ‘Bhavishya’ software was used to create the facility. Which country has launched India backed infrastructure projects like Hulhumale Central Park and renovation of the Arrival Jetty recently? 1) Nepal 2) Mauritius 3) Bangladesh 4) Maldives 5) None of the Above Answer & Explanation Answer-4) Maldives Explanation: The government of Maldives launched India backed infrastructure projects viz. Hulhumale Central Park and renovation of the Arrival Jetty in Maldives during a ceremony which was attended by Foreign Minister Abdulla Shahid, Hulhumalé MP Ali Niyaz, High Commissioner Sunjay Sudhir, MD of Housing Development Corporation Limited (HDC) Suhail Ahmed and officials from the Ministry of Foreign Affairs of Maldives. The 6th anniversary of Pradhan Mantri Jan Dhan Yojna (PMJDY) was observed on August 28, 2020. The PMJDY is operated by which department of finance ministry? 1) Department of Economic Affairs 2) Department of Expenditure 3) Department of Investment and Public Asset Management 4) Department of Financial Services 5) Department of Revenue Answer & Explanation Answer-4) Department of Financial Services Explanation: The 6th anniversary of Pradhan Mantri Jan Dhan Yojna (PMJDY) was observed which was launched on August 28, 2014. On this occasion, Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman reiterated the importance of this biggest financial inclusion initiative in the world. It has been the foundation stone for the Indian government’s people-centric economic initiatives. How many percentage of Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts are operative? 1) 75.5% 2) 86.3% 3) 25.4% 4) 94.3% 5) 41.1% Answer & Explanation Answer-2) 86.3% Explanation: As on 19th Aug’20 the total number of Pradhan Mantri Jan Dhan Yojna (PMJDY) Accounts is 40.35 Crore; Rural PMJDY accounts: 63.6%, Women PMJDY accounts: 55.2% -Out of total 40.35 crore PMJDY accounts, 34.81 crore (86.3%) are operative. -Total deposit balances under PMJDY Accounts stand at Rs. 1.31 lakh crore. A mobile application Jan Dhan Darshak App was launched to provide a citizen centric platform for locating banking touch points such as bank branches, ATMs, Bank Mitras, Post Offices, etc. in the country. Shinzo Abe the prime minister of which country has resigned from the post in August 2020? 1) South Korea 2) Japan 3) China 4) Thailand 5) None of the Above Answer & Explanation Answer-2) Japan Explanation: Shinzo Abe, Prime Minister of Japan announced his resignation owing to his worsening health condition due to ulcerative colitis. 65-year-old Shinzo Abe of Liberal Democratic Party (LDP) was the longest serving Prime Minister of Japan. The elected new party leader will hold the post for the remaining 1-year term of Abe. Who has been appointed as the MD & CEO of SBI funds management? 1) Vinay M Tonse 2) Ashwani Bhatia 3) PC Kandpal 4) Rajnish Kumar 5) Dinesh Khara Answer & Explanation Answer-1) Vinay M Tonse Explanation: Vinay M Tonse, appointed as the Managing Director (MD) and Chief Executive Officer (CEO) of SBI Funds Management Pvt. Ltd. (SBIFMPL). He replaced Ashwani Bhatia, DMD of SBI, who was appointed as MD (IT- Information Technology & SARG-Stressed Assets Resolution Group) of SBI. Since June 22, 2020 Vinay M Tonse was on deputation to SBIFMPL. Name the commerce and industry minister who addressed the ASEAN -India Business Council Virtual Meet. 1) Ramesh Pokhriyal 2) Prakash Javadekar 3) Piyush Goyal 4) Nitin Gadkari 5) None of the Above Answer & Explanation Answer-3) Piyush Goyal Explanation: Union Minister for Commerce and Industry, Piyush Goyal addressed the Association of South East Asian Nations (ASEAN)-India Business Council Virtual Meet. He extended India’s friendship and partnership to ASEAN countries and expected to achieve a target of 300-billion-dollar trade through Business with them. He emphasized 3 C’s Cooperation, Collaboration & Commitment as guide for the strategic partnership between India and ASEAN countries.
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