General Knowledge(GK) (or) General Awareness

Correct Answer :   J&K Bank

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* Amitava Chatterjee, previously serving as Deputy Managing Director at State Bank of India, has been appointed as the new Managing Director and Chief Executive Officer of J&K Bank.

* He will succeed Baldev Prakash, whose term concludes on December 29, 2024. Chatterjee's tenure as MD & CEO will span three years, beginning December 30, 2024.

Correct Answer :   Bengaluru

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* The 86th edition of the Senior National Badminton Championships was held in Bengaluru.

* M Raghu (Karnataka) secured the Men's Singles title, while Devika Sihag (Haryana) triumphed in the Women's Singles category.

* The event also featured winners in Men's Doubles, Women's Doubles, and Mixed Doubles, showcasing exceptional talent across various categories.

Correct Answer :   Doha

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The Asian Youth & Junior Weightlifting Championships took place in Doha, Qatar, where Indian weightlifter Parv Chaudhary secured two bronze medals in the 96 kg category.

* His achievements included a bronze in the clean and jerk and another in the total lift, with a combined weight of 303 kilograms.

* India’s overall performance at the event resulted in a medal tally of 12, including 3 gold, 4 silver, and 5 bronze medals.

Correct Answer :   India

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* India is making significant strides in the field of quantum communications through its National Quantum Mission (NQM).

* As part of this mission, India aims to launch a quantum satellite in the next 2-3 years, which will use quantum physics to secure communication signals, making them resistant to interception.

* This initiative will position India at the forefront of next-generation technology in secure communication.

* Quantum Key Distribution (QKD), an essential component of this satellite, ensures "unconditional security" by detecting any eavesdropping attempts.

* India’s advancements in quantum research are paving the way for the future of secure global communication.

Correct Answer :   Telecom infrastructure

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* The TTDF-funded project awarded to Amantya Technologies focuses on developing a carrier-grade 5G SA Core compliant with 3GPP Release 16/17 standards.

* It supports features like network slicing, Quality of Service (QoS), Voice over New Radio (VoNR), and massive Machine-Type Communication (mMTC).

* This initiative is part of the Atmanirbhar Bharat mission to enhance India's telecom infrastructure and foster self-reliance in cutting-edge technologies.

Correct Answer :   Adani Group

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* Adani Group has acquired an 85.8% stake in Air Works, India's largest private-sector Maintenance, Repair, and Overhaul (MRO) company, for Rs 400 crore.

* This acquisition strengthens Adani’s presence in India’s civil and defence aviation services sectors, contributing to the country’s growing aviation market and supporting the Aatmanirbhar Bharat initiative.

* The move also expands Adani’s capabilities in the defence and civil MRO sectors, enhancing its service offerings and footprint across India and internationally.

Correct Answer :   ISRO

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* ISRO is set to launch the SpaDeX mission in December 2024 aboard PSLV-C60, aiming to demonstrate in-space docking technology using two small spacecraft, SDX01 (Chaser) and SDX02 (Target).

* This achievement will position India as the fourth nation to master space docking, a critical capability for advanced space missions.

* The mission’s objectives include demonstrating autonomous rendezvous, docking, and undocking technologies, as well as power transfer and payload operations.

* SpaDeX will play a vital role in advancing ISRO’s future endeavours, including the Bharatiya Antariksha Station (BAS) and satellite servicing missions.

Correct Answer :   India

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* India has been awarded the hosting rights for the ISSF Junior Shooting World Cup for Rifle/Pistol/Shotgun in 2025.

* This will be India’s first Junior World Cup and marks the 9th major ISSF event hosted in the country within the past decade.

* India has previously hosted six ISSF competitions, including two World Cup Final competitions and four senior ISSF World Cups, showcasing its growing prominence in the international shooting sports community.

Correct Answer :   Bajaj Housing Finance

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Dual Rate Home Loan and Loan Against Property feature a fixed rate of interest for the first 3 years, providing borrowers stability with fixed EMIs in the initial period of the loan

Pune, Maharashtra, India (NewsVoir)  :   

Bajaj Housing Finance Ltd (BHFL) launches the new Dual Rate feature for Home Loans and Loans Against Property in line with their focus on providing borrowers convenient repayment options to help make dream homes a reality.

Key Features :

With Dual Rate Home Loans and Loans Against Property, borrowers enjoy a fixed interest rate for the first three years of their repayment tenor. Consequently, with fixed EMIs over this period, borrowers benefit from predictability in their repayment obligation with removed interest rate volatility.

After the first three years, the loan converts to a floating interest rate loan linked to the BHFL Floating Rate Reference (FRR), allowing borrowers to benefit from changes in market conditions.

Applicability :

Both salaried and self-employed individuals can benefit from this new feature, as well as a host of other features, such as competitive interest rates and quick and hassle-free processing on over 6,000 approved projects.

Further, in terms of Home Loans, the Dual Rate feature can be availed of by both – prospective borrowers looking to avail of a fresh Home Loan to purchase property, or existing borrowers looking to transfer their Home Loan for more favourable borrowing terms..

Source : PTI News

Correct Answer :   Non-Compliance

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* The Reserve Bank of India (RBI) imposed penalties on IndusInd Bank (?27.3 lakh) and Manappuram Finance (?20 lakh) due to non-compliance with regulatory norms.

* Inspections revealed deficiencies, such as the opening of savings accounts for ineligible entities by IndusInd Bank and failure to verify customer PANs or assign Unique Customer Identification Codes by Manappuram Finance. These actions highlight the importance of strict adherence to RBI’s regulatory guidelines.