June 2023

(a) Based on the current market price of gold(b) Based on the average price of gold for the last three months(c) Based on the closing price of gold on the date of issuance(d) Based on the average price of gold for the last three working days preceding the subscription period Ans.(d)Sol. Based on the average […]

(a) Yes, but only by individuals(b) Yes, by any eligible entity(c) No, they cannot be used as collateral(d) Yes, but only by companies Ans.(b)Sol. Yes, by any eligible entity. SGBs can be used as collateral for loans, subject to the loan-to-value (LTV) ratio applicable to ordinary gold loans as mandated by the RBI.

(a) To introduce India’s first spending account(b) To offer competitive interest rates on savings accounts(c) To provide a platform for food ordering and entertainment(d) To partner with 50 renowned brands for exclusive discounts Ans.(a)Sol. The collaboration between Fino Payments Bank and Hubble aims to launch a unique spending account that allows customers to park their

(a) SIPRI Yearbook(b) UNICEF Annual Report(c) World Health Organization Report(d) International Monetary Fund Report Ans.(a)Sol. The SIPRI Yearbook is an annual report released by the Stockholm International Peace Research Institute (SIPRI) that provides research and analysis on global nuclear arsenals, arms control, and disarmament.

(a) Rs. 1,000 in three installments(b) Rs. 2,000 in three installments(c) Rs. 3,000 in three installments(d) Rs. 5,000 in three installments Ans. d)Sol. Eligible women receive a direct cash transfer of Rs. 5,000 in three installments under the PMMVY.

(a) 0.5 grams(b) 1 gram(c) 5 grams(d) 10 grams Ans.(b)Sol. The minimum permissible investment limit for SGBs is one gram of gold.

(a) To establish an aviation fuel plant in Maharashtra(b) To reduce carbon emissions in the aviation industry(c) To explore renewable energy sources for the automotive sector(d) To invest in oil refining infrastructure Ans.(b)Sol. The partnership between IOC and LanzaJet aims to establish an aviation fuel plant in Haryana to produce sustainable aviation fuel (SAF), which

(a) Kendriya Sainik Boards (KSB)(b) Directorate General of Resettlement (DGR)(c) Defence Research and Development Organization (DRDO)(d) Ministry of Defence Production Ans.(b)Sol. Directorate General of Resettlement (DGR) signed the MoU with Kotak Mahindra Life Insurance to collaborate on creating employment opportunities for ex-servicemen.

(a) Algeria(b) Nigeria(c) India(d) United States Ans.(a)Sol. Algeria is the host country for the global event of World Blood Donor Day 2023 through its National Blood Transfusion Service.