1. Who among the following launched “The Saras Collection” on the Government e Marketplace (GeM) portal?
a. Narendra Singh Tomar
b. Narendra Modi
c. Amit Shah
d. Nirmala Sitharaman
S-a
EXPLANATION-
• The Union Minister for Rural Development and Panchayati Raj and Agriculture and Farmers’ Welfare, Shri Narendra Singh Tomar, launched “The Saras Collection” on the Government e Marketplace (GeM) portal.
• It is a unique initiative of GeM and the DeenDayalAntyodaya Yojana-National Rural Livelihoods Mission (DAY-NRLM), Ministry of Rural Development.
• It showcases daily utility products made by rural self-help groups (SHGs) and aims to provide SHGs in rural areas with market access to Central and State Government buyers.
• Under this initiative, the SHG sellers will be able to list their products in 5 product categories, namely (i) handicrafts, (ii) handloom and textiles, (iii) office accessories, (iv) grocery and pantry, and (v) personal care and hygiene.
• DAY-NLRM aims to reduce poverty through promotion of diversified and gainful self-employment while creating skilled wage employment opportunities.
• Government e Marketplace (GeM) is a 100 percent Government owned online and end to end solution y set up as the National Public Procurement Portal for procurement of goods and services required by Central and State Government organizations.
2. How much amount did the EPFO contribute towards the PM-CARES Fund to support fight against the COVID-19 pandemic?
a. Rs 2.5 crores
b. Rs 3.9 crores
c. Rs 4 crores
d. Rs 7 crores
S-a
EXPLANATION-
• Employees of retirement fund body EPFO have collectively contributed Rs 2.5 crore towards the PM-CARES Fund to support fight against the COVID-19 pandemic.
• Employees' Provident Fund Organisation (EPFO) is a statutory body formed by the Employees' Provident Fund and Miscellaneous Provisions Act, 1952 and is under the administrative control of the Ministry of Labour and Employment, Government of India.
• The Government of India has set up a public charitable trust under the name of the Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund (PM-CARES Fund) with the primary objective of dealing with any kind of emergency or distress situation.
• Union Minister of Labour- Santosh Kumar Gangwar
3. How much amount of deposits are guaranteed by the Deposit Insurance and Credit Guarantee Corporation (DICGC)?
a. 5 lakhs
b. 7 lakhs
c. 9 lakhs
d. 10 lakhs
S-a
EXPLANATION-
• Deposit Insurance and Credit Guarantee Corporation (DICGC) is a wholly owned subsidiary of Reserve Bank of India.
• It insures all bank deposits, such as saving, fixed, current, recurring deposit for up to the limit of Rs. 500,000 of each deposits in a bank.
4. Where did the automobile giant Maruti Suzuki started producing low cost ventilators in country?
a. Uttar Pradesh
b. Madhya Pradesh
c. Andhra Pradesh
d. Assam
S-a
EXPLANATION-
• Maruti Suzuki, the Automobile giant is now spearheading the production of low cost ventilators in country and helping the government in the fight against COVID-19.
• The production is going on in Gautam Bhuddh Nagar of Uttar Pradesh where company is supporting Agva Healthcare, a start-up to scale-up ventilator production.
• Maruti Suzuki is now using its expertise and capabilities for large scale manufacturing of low cost ventilators which will be used in saving lives of patients suffering with COVID-19.
• The low cost ventilators were designed by Agva Healthcare and Maruti Suzuki is enhancing the production by pouring in the vendors and doing the quality control.
5. What is the amount of special window of RBI for Mutual Funds in view of the redemption pressure that the fund houses are facing ?
a. Rs 50,000 crores
b. Rs 10,000 crores
c. Rs 30,000 crores
d. Rs 20,000 crores
S-a
EXPLANATION-
• The Reserve Bank of India (RBI) has announced a special window of Rs.50,000 crore for Mutual Funds in view of the redemption pressure that the fund houses are facing.
• Under the scheme, the RBI will conduct repo operations of 90 day tenor at the fixed rate repo.
• Funds availed under this facility will be used by banks exclusively for meeting the liquidity requirements of MFs by extending loans, and undertaking outright purchase of and/or repos against the collateral of investment grade corporate bonds, Commercial Papers (CPs), debentures and Certificates of Deposit (CDs) held by MFs.
• The scheme is available from April 27, 2020, till May 11, 2020, or up to utilisation of the allocated amount, whichever is earlier. The RBI will review the timeline and amount, depending upon market conditions.
