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CA > May 20 2023 > Flashcards

May 20 2023 Flashcards

1
Q

President Draupadi Murmu appointed (1) as the acting CJ of High Court of Andhra Pradesh in exercise of the powers conferred on her by Article __ of the Constitution.

A
  1. Justice Akula Venkata Sesha Sai
  2. 223
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2
Q

A Division Bench of the Kerala High Court has affirmed a single judge’s view that a wedding under the __ can be solemnised online via videoconferencing.

A

Special Marriage Act

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3
Q
  1. The value of defence production in __ has crossed the figure of ₹1 lakh crore for the first time ever, according to the Defence Ministry.
A
  1. FY 2022-23
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4
Q
  1. __ finished the GGR 2022 in the second place after a gruelling 236 days alone at sea in a sail boat.
  2. South African sailor __ took the first spot, becoming the first woman to win the race.
  3. Expand GGR
A
  1. Commander (retd.) Abhilash Tomy
  2. Kirsten Neuschafer
  3. Golden Globe Race
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5
Q
  1. The Finance Ministry said tax collection at source will not apply to __ under LRS.
  2. Expand LRS
  3. Overseas payments upto __ a year for education, health are permitted with a TCS rate of 5%.
  4. Expand TCS
A
  1. small transactions
  2. Liberalised Remittance Scheme
  3. ₹7 lakh
  4. Tax Collection at Source
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6
Q
  1. The board of RBI also decided to raise the Contingency Risk Buffer to __%, from __% in the preceding year.
  2. What is Contingency Risk Buffer?
  3. At the end of a fiscal year, the RBI transfers the surplus fund (in the form of dividend) to the __ as per the ECF adopted by its board.
  4. Expand ECF
  5. The Reserve Bank of India (RBI) has approved the transfer of __ surplus to the government for the financial year 2022-23.
A
  1. 6, 5.5
  2. a specific provision fund kept by the central bank primarily to be used during any unexpected and unforeseen contingencies. These unforeseen contingencies could include depreciation of securities values, risks from monetary rate policy changes, systemic risks to the system, etc.
  3. government
  4. economic capital framework
  5. Rs 87,416 crore
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7
Q
  1. __ AIFs should not borrow funds directly or indirectly or engage in leverage for the purpose of making investments, SEBI said.
  2. Expand AIF
  3. AIFs can borrow for the purpose of meeting shortfall in drawdown while making investment in an investee company, subject to certain conditions. What are those conditions?
  4. What is AIF?
  5. AIF is put into __ categories, as per the Securities and Exchange Board of India (SEBI).
  6. Write about Category 1
  7. Write about Category 2
  8. Write about Category 3
  9. Wha are Hedge Funds?
A
  1. Category I and Category 2
  2. alternative investment funds
  3. Such borrowing by AIFs should be done only in case of emergency and as a last recourse, the amount borrowed should not exceed 10% of the investment proposed to be made in the investee company, and the cost of such borrowing should be charged only to such investor who delayed or defaulted on drawdown payment, SEBI said.
  4. the collection of pooled investment funds that infuse in hedge funds, private equity, venture capital, and other investment types.
  5. three
  6. Under this category, the AIF can invest in SMEs, start-ups, and new economically viable corporations with high growth potential. The different funds in this category include: Infrastructure Fund, Venture Capital Funds(VCF), Angel Funds, Social Venture Fund.
  7. Funds do not use leverage for any reason other than to cover operational needs that do not fall under categories 1 and 3. Below are the funds under this category: Debt Funds, Funds of Funds, Private Equity Fund.
  8. Funds that engage in many complex trading techniques, for example, investing in listed or unlisted derivatives. Below are the funds under this category:
    Private Investment in Public Equity Fund (PEF), Hedge Funds.
  9. They collect money from investors and corporations to invest in equity and debt markets both on the domestic and international levels. These schemes follow an aggressive investment strategy to provide a higher return to their investors.
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8
Q

Significance of May 20

A
  1. World Bee Day
    Theme: Engaging in Pollinator-Friendly Agricultural Production.
    History: May 20th was selected as the date to honor the birthday of Anton Janša, a Slovenian beekeeping pioneer and renowned bee expert.
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9
Q

(1) , a former Indian Test cricketer, released his semi-autobiographical book titled “(2)” at the Cricket Club of India (CCI).

A
  1. Anshuman Gaekwad
  2. Guts Amidst Bloodbath
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10
Q
  1. The (IREDA) is set to go public with an initial public offering (IPO) in the near future.Expand IREDA.
  2. To oversee this significant event, the government has appointed __ as the lead managers for the IPO.
A
  1. Indian Renewable Energy Development Agency
  2. IDBI Capital, BOB Capital, and SBI Capital
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11
Q
  1. __, Indian Navy’s Final Kalvari Class Submarine, Begins Sea Trials.
  2. The submarine was launched on 20th April 2022 from the Kanhoji Angre Wet Basin of __.
  3. The 5 names of previous the Kalvari class submarines
A
  1. Vaghsheer
  2. Mazagon Dock Shipbuilders Limited (MDL)
  3. INS Kalvari
    INS Khanderi
    INS Karanj
    INS Vela
    INS Chakra
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12
Q

Indian author __ wrote a book titled “The Golden Years: The Many Joys of Living a Good Long Life”.

A

Ruskin Bond

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13
Q
  1. International Tea Day is an annual observance on __ to celebrate the long history and cultural significance of tea around the world.
  2. Expand FAO
  3. Director General
  4. Headquarters
  5. Founded on
A
  1. May 21
  2. Food and Agriculture Organisation
  3. Qu Dongyu
  4. Rome, Italy
  5. 16 October 1945
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14
Q

The name of the Cyclone ‘Mocha’ has been suggested by __.

A

Yemen

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15
Q
  1. The present Chairman of the CCI is __.
  2. The (CCI) has granted approval to the proposed merger of Credit Suisse Group AG and __.
  3. Expand CCI
A
  1. Ashok Kumar Gupta
  2. UBS Group AG
  3. Competition Commission of India
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16
Q

The honourable Prime Minister of India, Shri Narendra Modi, was present at the unveiling ceremony of the bust of __ in Hiroshima, Japan.

A

Mahatma Gandhi

CA (42 decks)

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