Current Affairs Quiz 02 June 2023

Answer: D
Statement 1 is not correct: In India, the term ―Foreign Portfolio Investor refers to FIIs or their subaccounts, or qualified foreign investors (QFIs) who are permitted to hold upto 10% stake in a company. Portfolio Investment by any single investor or investor group cannot exceed 10% of the equity of an Indian company, beyond which it will now be treated as FDI.

Statement 2 is not correct: FPIs are permitted to invest in Government Securities with a minimum residual maturity of one year. However, FPIs have been prohibited from investing in T-Bills.

Answer: C

In north India, the Bhakti movement spread through Ramananda, regarded as in the direct line of descent
from Ramanuja. Ramananda lived in Banaras fourteenth-fifteenth century and founded the Ramanandi
sect, which worshipped Rama as the supreme deity. Hence, statement 1 is not correct.

Ans;- d) None of the above

PM Street Vendor’s Atmanitbhar Nidhi (PM SVANidhi)

• PM SVANidhi is a Special Micro-Credit Facility.
• PM SVANidhi was launched by the Ministry of Housing and Urban Affairs for providing affordable Working Capital loan to street vendors to resume their livelihoods that have been adversely affected due to Covid-19 lockdown.
• Under the Scheme, the vendors can avail a working capital loan of up to Rs. 10,000, which is repayable in monthly instalments in the tenure of one year.
• The scheme promotes digital transactions through cash back incentives.
• Beneficiaries: 50 lakh Street Vendors.

PM SVANidhi and SIDBI

• Small Industries Development Bank of India (SIDBI) is the Implementation Agency for PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi)
• SIDBI will also manage the credit guarantee to the lending institutions through Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).
• SIDBI will leverage the network of lending Institutions like Non-Bank Finance Companies (NBFCs), Co-operative Banks etc., for the Scheme implementation.

Ans. C
• Mekedatu dam is being set up by the Karnataka government, the project is near Mekedatu, in Ramanagaram district, across the river Kaveri.
• Its primary objective is to supply drinking water to Bengaluru and recharge the groundwater table in the region.

Answer: b
Chambal River
• The Chambal River is a tributary of the Yamuna River in central India, and thus forms part of the greater Gangetic drainage system.
• The river flows north-northeast through Madhya Pradesh, running for a time through Rajasthan, then forming the boundary between Rajasthan and Madhya Pradesh before turning southeast to join the Yamuna in Uttar Pradesh state.
• The perennial Chambal originates at janapav, south of Mhow town, near manpur Indore, on the south slope of the Vindhya Range in Madhya Pradesh.
• The Chambal and its tributaries drain the Malwa region of northwestern Madhya Pradesh, while its tributary, the Banas, which rises in the Aravalli Range, drains southeastern Rajasthan.
• It ends a confluence of five rivers, including the Chambal, Kwari, Yamuna, Sind, Pahuj, at Pachnada near Bhareh in Uttar Pradesh state.
• The Chambal River is considered pollution free, and hosts an amazing riverine faunal assemblage including 2 species of crocodilians – the mugger and gharial, 8 species of freshwater turtles, smooth-coated otters, gangetic river dolphins, skimmers, black-bellied terns, sarus cranes and black-necked storks, amongst others.