Latest Current Affairs in 2022 : March 2022 Current Affairs, GKToday, Great Learning

1 .

Who started the UPI Lite facility?

A)

NPCI

B)

RBI

C)

SBI

D)

NIPL

Correct Answer : NPCI

In what could potentially give a further boost to digital payments, the National Payments Corporation of India (NPCI) is set to launch "UPI Lite", which would enable small value transactions in an offline mode.

“At present, it will be near offline but will require a smartphone. It is set to go live with pilots in the next one week or 10 days,” said an official source, noting that nearly half the UPI transactions are low ticket payments. “NPCI has designed the UPI Lite – on-device wallet functionality for UPI user,” it said in a circular to all member banks.

In the first phase, UPI Lite will process transactions in near offline mode that is debit offline and credit online, and at a later point, UPI Lite will process the transactions in complete offline mode that is debit and credit both offline, it further said.

The upper limit of an UPI Lite payment transaction will be â‚¹200 while the total limit of UPI Lite balance for an on-device wallet will be â‚¹2,000 at any point of time, the NPCI said. Initially, UPI Lite will be launched as a pilot with multiple banks and app providers.

After due comfort is achieved, the full-scale commercial launch with compliance timelines for on-boarding for the issuers and app providers will be declared, NPCI said. The move is in line with the Reserve Bank of India’s framework for facilitating small value digital payments in offline mode, which does not require internet or telecom connectivity..

Source : The Hindu Businessline

Published On : March 19, 2022

2 .

The Central Reserve Police Force (CRPF) celebrated which edition of its raising day on March 19, 2022?

A)

81st

B)

82nd

C)

83rd

D)

84th

Correct Answer : 83rd

Union Home Minister "Amit Shah" arrived at Jammu to participate in the Central Reserve Police Force (CRPF) Raising Day parade held at Maulana Azad Stadium, today(19th March 2022). For the first time, the day is being observed outside Delhi-NCR, its usual venue. Shah, who is attending the parade as a chief guest, will address the CRPF's annual "83rd Raising Day Parade". During his two-day tour to Jammu, he will also meet Lieutenant Governor Manoj Sinha, top brass of Central Armed Police Forces (CAPFs), Jammu and Kashmir Police, intelligence agencies and civil administration to discuss security situation and development works in Jammu and Kashmir.

History : After conducting an online meeting over the reason to celebrate CRPF Anniversary Parade on different dates/days, earlier this year, the top brass of the force finalised that the CRPF Anniversary Day will be re-designated as the 'CRPF Day' and will be celebrated on March 19 every year.

On 19th March , CRPF was granted President's Colour back in 1950.

CRPF top officials decided to change the dates of the parade following heavy rainfall in the month of July, coinciding the birthday of Sardar Vallabh Bhai Patel on October 31, with the assassination of former Prime Minister Indira Gandhi and extreme winter in the national Capital in December..

Source : News9live

Published On : March 19, 2022

3 .

RBI Innovation Hub (RBIH) has recently signed an MoU with which of these institutes' Incubation Cell to work together to develop the ecosystem needed to support and scale Fintech startups in India?

A)

IIT Kanpur

B)

IIT Kharagpur

C)

IIT Bombay

D)

IIT Madras

Correct Answer : IIT Madras

The deep-tech startup hub spearheaded by "IIT Madras" Incubation Cell (IITMIC) and RBI Innovation Hub (RBIH), a wholly owned subsidiary of Reserve Bank of India, on Wednesday signed a Memorandum of Understanding (MoU) to work together in developing the ecosystem necessary to support and scale fintech startups in India.

The two organizations will jointly provide incubation support and nurture early-stage startups with innovative and disruptive solutions and accelerate their scale-up journey.

“The startup ecosystem in India makes a significant contribution to the economic prosperity of the nation. Through such incubation partnerships we intend to build a robust environment conducive to growth of fintech start-ups in the nation,” Rajesh Bansal, CEO of RBI Innovation Hub (RBIH) said.

Select startups incubated at IITM Incubation Cell will be considered from time to time by RBIH for co-incubation and will receive strategic and operational guidance, training and mentoring sessions by RBIH leadership and domain experts, market access and connect to a larger ecosystem of startups, vendors, investors, and other resources.

Source : Economic Times

Published On : March 19, 2022

4 .

The United Nations has how many official languages?

A)

5

B)

6

C)

7

D)

8

Correct Answer : 6

There are six official languages of the UN. These are Arabic, Chinese, English, French, Russian and Spanish. The correct interpretation and translation of these six languages, in both spoken and written form, is very important to the work of the Organization, because this enables clear and concise communication on issues of global importance.

Published On : March 19, 2022

5 .

Who is the President of Asian Cricket Council?

A)

Jaydev Shah

B)

Jay Shah

C)

Rajeev Shukla

D)

Anurag Thakur

Correct Answer : Jay Shah

BCCI secretary Jay Shah's tenure as president of the Asian Cricket Council (ACC) was on Saturday(19th Mar 2022) unanimously extended by a year at its annual general meeting here.

Shah had taken over the reins of the ACC in January last year from Bangladesh Cricket Board (BCB) president Nazmul Hassan, making him the youngest administrator to be re-appointed as ACC president.

Addressing the AGM, Shah said the ACC's key focus would be to carry forward the development of the sport in the region.

"We remain committed towards ensuring the all-round development of cricket in the region, especially carrying forward the pioneering work in women's cricket and the multiple grassroot tournaments the ACC conducts in the region around the year," Shah said.

"The pandemic hopefully is behind us and I am keen that we adapt, innovate and help the ACC grow from strength to strength from hereon," he added.

Shah's extension was proposed by Sri Lanka Cricket (SLC) president Shammi Silva and the nomination was backed unanimously by all the members of the ACC.

Source : Business Standard

Published On : March 19, 2022

6 .

The Global Recycling Day is observed every year on which day?

A)

March 18th

B)

March 17th

C)

March 16th

D)

March 15th

Correct Answer : March 18th

"Global Recycling Day" is observed every year on March 18th to create awareness among the masses about the rapid pace at which our natural resources are being used. The day also promotes the concept and practice of recycling. Every year, events are organised by environmentalist and activists to promote the cause.

In 2021, the theme of Global Recycling Day is “Recycling Heroes”. Its main aim is to recognise the people, places and activities that showcase the importance of recycling in preserving natural resources. Recycling has helped in reducing carbon emissions by over 700 million tonnes every year. Notably, over 1.6 million people are employed around the world in the recycling industry. In this decade, the yearly contribution of recycling will increase up to $400 billion.

Published On : March 18, 2022

7 .

The World Sleep Day is held every year on the Friday before Spring Vernal Equinox and is being marked on March 18, 2022. What is the theme of the day in 2022?

A)

Healthy Sleep, Healthy Aging

B)

Regular Sleep, Healthy Future

C)

Quality Sleep, Sound Mind, Happy World

D)

Better Sleep, Better Life, Better Planet

Correct Answer : Quality Sleep, Sound Mind, Happy World

The World Sleep Day is held every year on the Friday before Spring Vernal Equinox. In 2022, the World Sleep Day falls on March 18, 2022. The theme of 2022 is ‘Quality Sleep, Sound Mind, Happy World’.

Published On : March 18, 2022

8 .

In which city did Defense Minister Rajnath Singh recently launch DRDO's seven-storey Flight Control System (FCS) integration facility, built using internal hybrid technology?

A)

Pune

B)

Chennai

C)

Hyderabad

D)

Bengaluru

Correct Answer : Bengaluru

Defence Minister Rajnath Singh on Thursday(March 17, 2022) inaugurated a multi-storey facility for Flight Control System (FCS) at Aeronautical Development Establishment here built by India’s premier defence research institute DRDO in a record 45 days using in-house technology.

Karnataka Chief Minister "Basavaraj Bommai" was among those present on the occasion.

The seven-storey building, with a plinth area of 1.3 lakh square feet, will house research and development facilities for the development of a fifth-generation medium weight deep penetration fighter jet for the Indian Air Force.

“The DRDO has completed the construction of a multi-storey infrastructure for flight control system at ADE Bengaluru with hybrid technology consisting of conventional, pre-engineered and precast methodology in record 45 days,” said one of the DRDO officials. He said the complex will have facilities for developing avionics for fighter aircraft and Flight Control System (FCS) for the Advanced Medium Combat Aircraft (AMCA) project.

India has been working on the ambitious AMCA project to develop a fifth-generation medium fighter jet with advanced stealth features to significantly bolster its air power capability. The initial development cost of the project, being undertaken by the ADE, has been estimated at around Rs 15,000 crore.

The Defence Ministry on Monday said it has initiated the process of obtaining the approval for the design and prototype development of the AMCA from the prime minister-led Cabinet Committee on Security.

Officials said the building has been constructed using composite construction technology in the “shortest time frame” of just 45 days to provide the necessary infrastructure for the AMCA project and related activities.

The foundation stone for the project was laid on Nov 22, 2021, and actual construction began on February 1..

Source : Deccan Herald

Published On : March 18, 2022

9 .

What is the projected GDP growth rate of India in the calendar year 2022 as per Moody's?

A)

7.5%

B)

8.1%

C)

8.7%

D)

9.1%

Correct Answer : 9.1%

Rating agency Moody’s has revised downwards the economic growth forecast of India by 40 basis points to 9.1 percent in the Calendar Year 2022 (CY2022), due to adverse effects of the Russia-Ukraine conflict on the global economy.

Published On : March 18, 2022

10 .

Who has been ranked as the world's top most billionaire in 2022 M3M Hurun Global Rich List?

A)

Bill Gates

B)

Elon Musk

C)

Jeff Bezos

D)

Bernard Arnault

Correct Answer : Elon Musk

SpaceX and Tesla founder Elon Musk has bagged the top position on the 2022 M3M Hurun Global Rich List, with total net worth of $205 billion.

Published On : March 18, 2022