Securities Market and General Awareness MCQs for SEBI Grade A 2020 Exam Part - 4

 Hello Readers,

 SEBI Grade A  – exam is going to be conducted very soon. To prepare better and to the point, aspirants need to study relevant and valuable material. The below post gives the detailed questions answers for SEBI Grade A Securities Market and General Awareness. Read all MCQs Archive CLICK HERE

Securities Market and General Awareness for SEBI Grade A/ RBI Grade B

Q1. Which bond gives its issuer the right to redeem or pay the bonds before its maturity date?

A. Zero Coupon Bond

B. Puttable Bond

C. Debentures

D. Callable Bonds

E. None of the Above

Explanation: (D) A callable bond allows the issuing company to pay off their debt early. 

• A business may choose to call their bond if market interest rates move in its favour. Means the prevailing  interest rates are low as compared to the interest the company is paying to the bondholders.

• Callable bonds are akin to call options, where the issuer has the right to call the bond before maturity.

• A callable bond is also called as redeemable bond.

• Issuers (any business entity) entice investors to buy callable bonds by paying higher interest rates on callable bonds than on noncallable bonds.

• A callable bond also gives the borrower (issuer) the right to pay back the obligation to the lender (bondholder) before the stated maturity date. 

Q2. Which debt financial securities pay off in the short term, usually within one year.

A. Bond Market

B. Money Market

C. Primary Market

D. Secondary Market

E. None of the above.

Explanation: (B) Money Market refers to a financial market securities where these instruments with high liquidity and short-term maturities are traded. 

• Basically money market instruments are pay off within a very short period generally one year.

• Money market financial instruments consists of negotiable instruments such as:

          A. Commercial Papers.

          B. Treasury Bills

                      Following are the types of T-bills in India:

                     1. 14-day Treasury bill

                     2. 91-day Treasury bill

                     3. 182-day Treasury bill

                    4. 364-day Treasury bill

        C. Certificates of Deposit.

• The Money Market instruments are usually traded over-the-counter (OTC), and therefore, it has to be done through a financial intermediary especially a broker dealing in money market financial instruments or money market mutual fund.

• The investment period in money market financial instruments is very short, ranging from three months up to a year.

Q3. What does E stands for in ECBs?

A. External

B. Extreme

C. Easy

D. Economy

E. None of the above

Explanation: (A) ECB stands for External Commercial Borrowings.

• External commercial borrowing are loans in India made by non-resident lenders in foreign currency to Indian borrowers. In simple terms ECBs allows Indian firms to raise money outside the country in foreign currency.

• The cost of funds is usually cheaper from external sources if borrowed from economies with a lower rate of interest because that helps the Indian businesses to raise funds cheaply.

Q4. Temporary overdrafts facility by Reserve Bank of India to the Government is known as?

A. Ways and Means Advances

B. Primary Money

C. Overdraft Finance

D. Lending Operation

E. None of the above

Explanation: (A) Ways and Means Advances. 

• The WMA scheme was introduced on April 1, 1997.

• Ways and means advances (WMA) is a mechanism used by Reserve Bank of India (RBI) under its credit policy to provide to States, banking with it, to help them tide over temporary mismatches in the cash flow of their receipts and payments.

• In basic terms, it is the facility for the GoI and states government to borrow money from the Reserve Bank of 

• India. This facility is done as per the provisions laid down in Section 17(5) of the RBI Act, 1934.

• Its limits are mutually decided by the Government and RBI.

Q5. An RBI monetary policy instrument which involves buying and selling of government securities to the public or other financial institutions is known as?

A. Interest Rate Operation

B. Open Market Operation

C. Green Shoe Option

D. Fiscal Rate Operation.

E. None of the above.

Explanation: (B) Open Market Operation

• An open market operation (OMO) is an activity by a central bank to give (or take) liquidity in its currency to (or from) a bank or a group of banks.

• When the RBI wants to increase the money supply in the economy, it purchases the government securities from the market and it sells government securities to suck out liquidity from the system.

• RBI uses this operation to maintain money supply or to deal with liquidity problems in the economy.

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Today's Current Affairs For SSC CGL, BANKING, RRB NTPC, , RBI, SEBI Exam 26th September 2020

 Hello Aspirants,

                 Latest current affairs for your upcoming examination like SSC CGL, RRB NTPC, IBPS, SEBI,  etc. As you all know current affairs plays an important role in cracking any examination. So for all Current Affairs Archive CLICK HERE

National Current Affairs 

• India's first Regional Rapid Transit System (RRTS) train. It will run on Delhi-Ghaziabad-Meerut corridor.

• West Bengal announced grant of Rs. 50,000 to Durga Puja committees.

• The Government of India approved outlay of Rs.600.00 crores for PM SVANidhi scheme.

• Under the 'Paryatan Sanjeevani Scheme', Assam govt to provide loan to entrepreneurs to revive tourism sector.

• Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy launched AP Police Seva App.

• India and Denmark sign MoU on Intellectual Property cooperation.

• The Defense Research Development Organization (DRDO) commenced production of Pinaka Missiles.

• The Asian Development Bank (ADB) approved $300 million loan to develop Rajasthan's secondary towns.

• Union Home Minister Shri Amit Shah to inaugurate “Destination North East-2020”.Theme- “The Emerging Delightful Destinations”.

• The World Bank (WB) approved a $200 million loan for Bangladesh to improve access to safe water and sanitation services.

• Council for Scientific and Industrial Research (CSIR) celebrates its 79th Foundation Day on 26th September.

• Union Minister for Agriculture & Farmers’ Welfare Shri Narendra Singh Tomar inaugurates Indian Agricultural Research Institute, Assam campus at Gogamukh.

INTERNATIONAL 

• 4th edition of India-Japan Maritime bilateral exercise (JIMEX) commenced in North Arabian Sea.

• Vodafone Vs India Case Vodafone won tax case against India at International Arbitration Tribunal over Rs. 20000  retrospective tax demand.

• India holds webinar with Cambodian Army to boost Defence cooperation.

BANKING & ECONOMY 

• Microsoft acquired video game company ZeniMax Media.

• S & P predicts India's GDP to contract 9% in FY21.

AWARDS 

• Kerala Wins UN Award On Prevention, Control Of Non-communicable Diseases.

• Time Magazine lists PM Modi in ‘100 Most Influential People 2020’, a total of 5 Indians featured.

• National Institute of Design (Ahmedabad) student’s zero waste manufacturing process "Earth Tatva" wins James Dyson India award.

• Odisha Chief Minister Naveen Patnaik declared Krushi Bhawan inspired by farmers wins Global Architecture Award.

• The Life Insurance Corporation of India (LIC), General Insurance Corporation of India and The New India Assurance Co identified as Domestic Systemically Important Insurers (D-SIIs) or "Too BigTo Fail" for 2020-21 by  the Insurance Regulatory and Development Authority of India (IRDAI).

• India ranked 89th in World Risk Report 2020.

APPOINTMENT

• CEAT Tyre appointed Amir Khan as Brand Ambassador.

• K Madhavan elected as the president of Indian Broadcasting Foundation (IBF).

• Former Ferrari boss, a Italian Stefano Domenicali appointed F1 CEO.

IMPORTANT DAYS

• September 25 - Antyodaya Diwas.

• September 26 - World Environmental Health Day.Theme-  "Environmental health, a key public health intervention in disease pandemic prevention".

• September 26 - International Day for the Total Elimination of Nuclear Weapons.

BOOKS

• Neena Gupta announced her memoir ‘Sach Kahun Toh’.

• Fauja Singh Keeps Going Children’s Book About Fauja Singh 109-Year-Old Marathoner.

SPORTS 

• Gurpreet Singh Sandhu and Sanju bag AIFF (All India Football Federation) Player of the Year Awards

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Securities Market and General Awareness MCQs for SEBI Grade A 2020 Exam Part - 3

Hello Readers,

 SEBI Grade A 2020 – exam is going to be conducted very soon. To prepare better and to the point, aspirants need to study relevant and valuable material. The below post gives the detailed questions answers for SEBI Grade A Securities Market and General Awareness. For all MCQs Archive CLICK HERE

Securities Market and General Awareness for SEBI Grade A/ RBI Grade B

Q1. Open-ended mutual fund scheme units  can be bought  from?

A. AMFI

B. Fund House

C. Stock Exchange

D. Stock Broker

E. None of the above

Explanation: (B) An open-end fund scheme is a mutual fund that can issue unlimited new shares, priced daily on their net asset value.

• Open-ended schemes are available for subscription and repurchase on a continuous basis.

• An investor will generally purchase shares in the fund directly from the fund itself, rather than from the existing shareholders or stock exchanges.

• An investor can purchase or sell units of an open-ended mutual fund at any time after the closure of New Fund Offer (NFO).

Q2. How frequently the NAV of each scheme should be updated on AMC/AMFI’s website?

A. Every Hour

B. Every Month

C. Once in a Quarter

D. Every Day

E.  None of These

Explanation: (D) NAV stands for Net Asset Value.

•  It is mandatory, as per SEBI guidelines, the NAV per unit of all mutual fund schemes have to be updated on AMFI's website and the Mutual Funds' website by 9 p.m.

• AMFI Stands for Association of Mutual Funds in India. 

• Founded: 2015

• CEO: C.V.R. Rajendran

Q3. In which state Dudhwa National Park is situated?

A. Gujarat

B. Uttar Pradesh

C. Bihar

D. Karnataka

E. Assam

Explanation: (B) The Dudhwa National Park is a national park in the Terai belt of marshy grasslands of northern Uttar Pradesh, India.

• Dudhwa became a tiger reserve in 1879. The area was established in 1958 as a wildlife sanctuary for swamp deer. Thanks to the efforts of Billy Arjan Singh the area was notified as a national park in January 1977.

• "The Dudhwa National Park in Lakhimpur Kheri district is located in the Terai-Bhabhar region bordering Nepal, about 230 km from Lucknow.".

Q4. What does P stands for in P - Notes?

A. Portfolio

B. Positional

C. Payment

D. Participatory

E. Plan

Explanation: (D) Participatory Notes started in 2000 by SEBI.

• A participatory note, commonly known as a P-note or PN, is an instrument issued by a registered foreign institutional investor (FII) to an overseas investor who wishes to invest in Indian stock markets without registering themselves with the market regulator, the Securities and Exchange Board of India (SEBI).

• Participatory notes are not used within the country. They are used outside India for making investments in shares listed in the Indian stock market.

• Investing through P-Notes is very simple and hence very popular amongst FIIs. Overseas investors who are not registered with SEBI have to go through a lot of scrutiny, such as know-your-customer norms, before investing in Indian shares. To avoid these hurdles, foreign investors take P-Notes route.

Q5. At which rate banks lend  to their prime customers is called_____?

A. Interest Rate

B. Greenwich Rate

C. Real Lending Rate

D. Prime Lending  Rate

E. None of the Above

Explanation: (D)   Prime Lending Rate (PLR) 

• The prime lending rate is the primary determiner of most of the interest rates charged by the lending institution; it is a component of the rate charged to the customer.

• Before 2010, there was Benchmark Prime Lending Rate (BPLR) system, RBI introduced the Base Rate system with effect from July 1, 2010.

 

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Today's Current Affairs For SSC CGL, BANKING, RRB NTPC, , RBI, SEBI Exam 25th September 2020

 Hello Readers,

                   Latest current affairs for your upcoming examination like SSC CGL, RRB NTPC, IBPS, SEBI, and UPSC etc. As you all know current affairs plays an important role in cracking any examination. So for all Current Affairs Archive CLICK HERE

National Current Affairs 

• The Ministry of Electronics and Information Technology (MeitY) and NITI Aayog to organize a Mega Virtual Summit on Artificial Intelligence (AI), RAISE 2020- ‘Responsible AI for Social Empowerment 2020,’ in October 2020.

• Faceless Appeals launched by CBDT today- Honoring The Honest.

• 670 new electric buses and 241 charging stations sanctioned under FAME scheme.

• Foundation Stone of World Class ‘Centre for Disability Sports’ at Gwalior Laid.

• A webinar between India and Israel was held on Defence Industry Global Outreach for Collaborative Partnership.

• Commencement of "Yoga Break" at Work Place by the Ministry of AYUSH.

• Ministry of AYUSH partners with industries for Medicinal Plants cultivation

• West Bengal Transport Company (WBTC) introduced unique 'Tram Library' in Kolkata

• India successfully  test fired the Prithvi II missile from Chandipur Integrated Test Range, Odisha.

• Uttar Pradesh Government allowed phase-3 trial of "Covaxin" COVID-19 vaccine.

• IIT-Kanpur signed MoU with Indian Railways for research on railway modernization.

• The National Medical Commission (NMC) become operational from September 25, 2020. NMC replaced the Medical Council of India (MCI).

• Prime Minister Narendra Modi launched "Fit India Age Appropriate Fitness Protocols".

• Prime Minister Narendra Modi increased the State Disaster Response Fund (SDRF) spending limit by  states to 50% from 35% earlier.

• India's first Coast Guard Academy to come up at Mangaluru.

• Uttar Pradesh Government launched a unified portal "urise.up.gov.in" called ‘U-Rise’- Unified Re-imagined Innovation For Student Empowerment.

• Chief Minister of Assam Sarbananda Sonowal launched "Mukhyamantrir Grammya Paribahan Achoni Yojana". To improve rural connectivity through "Light Motor Vehicle Service".

• Flight Lieutenant Shivangi Singh to become India's first woman fighter pilot to fly Rafale.

• Hyderabad Airport (Rajiv Gandhi International Airport) granted Airport Health Accreditation (AHA) by Airport Council International (ACI) for Safe Travel.

• President Ram Nath Kovind conferred National Service Scheme Awards to 42 awardees for 2018-19. The award is conferred every year by Department of Youth Affairs.

INTERNATIONAL 

• United Nations (UN) and United Kingdom (UK) to co-host Global Climate Summit 2020.

• The National Aeronautics and Space Administration’s (NASA) Artemis program, which plans to send the next man and first woman to the lunar surface by the year 2024.

• Winners of the Nobel Prize for 2020 to get $1,10,000. The value fluctuates over time.

• Google Maps will soon start showing COVID-19 outbreaks. The Map will be known as "COVID Layer".

• India & Nepal launched website-- "www.goicbrinepal.com" for post-earthquake reconstruction projects in Education Sector.

• India signed "Water Partnership"(to discuss issues related to water conservation)  Memorandum of Understanding (MoU) with UK virtually.

BANKING & ECONOMY 

• RBI released Cyber Security Vision Framework  ‘Technology Vision for Cyber Security’ for Urban Co-operative Banks (UCBs) from 2020 to 2023.

• SBICAP Trustee Company acquired 56.17% stake in Jindal Stainless (JSL).

• The Government extended term of Uday Kotak as Non-Executive Chairman of debt- ridden Infrastructure Leasing & Financial Services (IL&FS) by one year. 

• Google Pay started Tokenisation to provide safe and secure transactions through Debit and Credit cards.

• Tech Mahindra sold its stake in US-based Altioster Networks for $45 million.

• IDFC First Bank to launch contactless payment facility "SafePay" to do transactions up to Rs. 20,000.

• Adani-GVK airport deal gets Competition Commission of India (CCI) green signal.

AWARDS 

• Malayalam poet Akkitham Achuthan Namboothiri conferred the 55th edition of the Jnanpith Award.

• Kerala Tourism’s campaign ‘Human by Nature’ won the prestigious PATA (Pacific- Asia Travel Association) Grand Award 2020.

• 1st ever "India Happiness Report" released, Mizoram topped the list.

• The 51st Edition of the International Film Festival of India (IFFI)  to be held in Goa next year.

• Historian and Author Rana Safvi conferred with Yamin Hazarika Award.

• GAIL India Limited won Leader Award in 11th edition of Frost & Sullivan and The Energy and Resources Institute (TERI) Sustainability 4.0 Awards 2020.

OBITUARIES

• Justice Ashutosh Mohunta passes away.

• Singer SP Balasubrahmanyam passes away in Chennai due to COVID-19.

• Congress MLA Narayan Rao passes away.

APPOINTMENT

• Acer India signed Sonu Sood as Brand Ambassador.

• The Khadi and Village Industries Commission (KVIC) Appoints Design and Fashion Icon Sunil Sethi, as Advisor

• Citigroup appointed Arjun Chowdhry as the acting head of its consumer banking business in India.

• Former, a 1983-batch IAS officer Raghvendra Singh appointed as Culture Secretary.

• Energy Efficiency Services Ltd (EESL) appointed Rajat Sud as its MD.

• Mohamed Hussein Roble appointed as new Prime Minister of Somalia.

          Read Also:   PM SVANidhi Scheme Explained

          SEBI Grade A Securities Market and General Awareness MCQs

IMPORTANT DAYS

September 25: World Pharmacists Day. Theme - “Transforming global health”.

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Securities Market and General Awareness MCQs for SEBI Grade A 2020 Exam Part - 1

 Hello There,

SEBI Grade A 2020 – Phase-I is going to be conducted very soon and consists of 5 sections, namely – General Awareness, English Language, Quantitative Aptitude, Test of Reasoning and Awareness about Securities Market. The 5 sections are not separately timed and the questions can be attempted in any order but within the given time limit.  The below post gives the detailed questions answers for SEBI Grade A Securities Market Awareness. Read with full ATTENTION and SHARE IT. For all Current Affairs Archive CLICK HERE

Securities Market Awareness for SEBI Grade A/ RBI Grade B

Q1. Who is the regulator of Capital Market in India?

A. Reserve Bank of India

B. Insurance Regulatory and Development Authority

C. Securities and Exchange Board of India

D. National Bank for Agriculture and Rural Development

Explanation:  (C) Securities and Exchange Board of India regulates -- Capital Market, Mutual Funds, Commodity Market and Credit Rating Agencies.

• RBI regulates -- Banking and Financial Sector, Money Market

• IRDAI regulates -- Insurance Sector

• Pension Fund Regulatory and Development Authority (PFRDA) regulates -- Pension Sector

• NABARD regulates -- Rural Sector Financing.

• SIDBI regulates -- Small and Medium Enterprises (SME) Financing 

• NHB National Housing Bank regulates -- Housing Finance

Q2. Under which Act the term "securities" has been defined in Section 2(h)?

A. Securities Contracts (Regulation) Act, 1949

B. Securities Contracts (Regulation) Act, 1956

C. Securities Contracts (Regulation) Act, 2013

D. Securities Contracts (Regulation) Act, 1935

Explanation: (B) Under Securities Contracts (Regulation) Act, 1956, the term "securities" has been mentioned.

The term “securities” has been defined in Section 2(h) of the Securities Contracts (Regulation) Act, 1956. The Act defines securities to include:

• Shares, scrips, stocks, bonds, debentures, debentures stock or other marketable securities of a like nature in or of any incorporated company or other body corporate;

• Derivative;

• Governments securities;

• Units or any other instruments issued by any collective investment scheme to the investor in such schemes.

Q3. A bond which does not pay any coupon payment during the term of the bond?

A. Floating rate bond

B. Callable bond

C. Zero coupon bond

D. Puttable bond

Explanation: (C) Zero Coupon Bond- A zero coupon bond  does not pay any coupons during the term of the bond.

• The bond is issued at a discount to the face value, and redeemed at face value.

• The effective interest earned is the difference between face value and the discounted issue price value.

For example: A bond  with a face value of Rs. 100 may be issued at Rs. 85 for five years. After five 

years, the bondholder will get Rs. 100, implying an interest income of Rs. 15.

Q4. What does "S" stands for in ISDA?

A. Shares

B. Swaps

C. Systematic

D. Syndicated

Explanation: (B) ISDA stands for International Swaps and Derivatives Association.

• ISDA is a trade organization of participants in the market for over-the-counter derivatives.  ISDA Mater 

• Agreement govern the OTC derivatives transactions.

• It is headquartered in New York City.

• It is founded in 1985.

Q5. ISIN (International Securities Identification Number) is a unique alpha-numeric identification number allotted to each security. It is of how many digits?

A. Six

B. Twelve

C. Eight

D. Ten

Explanation:  (B) The International Securities Identification Number (ISIN) is a code that uniquely identifies a  specific securities issue.

•         It is a Twelve digit number. Its structure is defined in ISO 6166.

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Securities Market and General Awareness MCQs for SEBI Grade A 2020 Exam Part - 2

Hello Aspirants,

 SEBI Grade A 2020 – exam is going to be conducted very soon. To prepare better and to the point, aspirants need to study relevant and valuable material. The below post gives the detailed questions answers for SEBI Grade A Securities Market and General Awareness. Read with full ATTENTION and SHARE IT. 

Securities Market Awareness for SEBI Grade  A/ RBI Grade B

                                                   For Part 1: Click Here

Q1. What does A stands for in NAV in Mutual Fund Industry?

A. Association

B. Asset

C. Accounting

D. Administrator

E. Amortization

Explanation: (B) NAV stands for Net Asset Value.

•    NAV is basically the current value of a mutual fund unit.

• Ex: Three Investors P, Q and R invests Rs. 10,000, Rs. 20,000, Rs. 30,000 respectively in a mutual fund.

• Each MF investor will be allotted units P 1000 units (Rs. 10,000/10), Q 2000 units (Rs. 20,000/10) R 3000 units (Rs. 30,000/10) (Rs. 10 is the face/par/nominal value)

• NAV Formula:  NAV = (Assets - Liabilities) / Total number of outstanding shares.

     Assets: Rs. 60,000   6000 units * 10 (Total no. of units * Face value) + Rs.2000 (dividend income)  + Rs. 10,000  (increase in the value of Mutual Fund units) = Rs. 72,000

•      Liabilities: Rs. 1000 (Brokerage Charged) + Rs. 1000 ( Operating Expenses) = Rs. 2000

•      Net Asset Value =  Rs. 72,000 – 2000/ 6000 =  Rs. 11.66

Q2. The maximum load that a fund can charge is determined by?

A. SEBI

B. Sales Agent

C. Distributors

D. AMC

E. RBI

Explanation: (A) Mutual Funds are regulated by SEBI.

• Mutual Funds may impose a charge on the investors at the time of entering or exiting from a fund called the entry or exit load respectively.

• Presently, entry loads are prohibited by SEBI.

• Load Calculation Formula: 

          It is calculated as a percentage of the NAV and reduced from the NAV to arrive at the price that the investor will get on exiting from the investment.

• If NAV on redemption of units is Rs. 11.66 (1% exit load)  (Above Question)

• An exit load linked to the period of holding of the investor.
• 
  

Q3. What does S Stand for in BCSBI?

A. Syndicated.

B. Swaps

C. Security

D. Sectors

E. Standards

Explanation: (E) BCSBI stands for The Banking Codes and Standards Board of India.

• Oversees: Code of Bank's Commitment to Customers.

•  Independent and autonomous body, registered as a separate society under the Societies Registration Act, 1860 on 18 February 2006.

• Headquarter: Mumbai

• Chairman:  A C Mahajan

Q4. National Institute of Bank Management is situated in?

A. Lucknow

B. Mumbai

C. Pune

D. Chennai

E. Hyderabad

Explanation: (C) NIBM was established in 1969 by the Reserve Bank of India.

• Chairman : Governor of RBI

• Publications: Quarterly Journals

                          Prajnan

                          Vinimaya

Q5. What does M Stand for in FEMA?

A. Monetary

B. Market

C. Maturity

D. Multilateral

E. Management

Explanation: (E) FEMA stands for Foreign Exchange Management Act.

• FEMA paved the way for Prevention of Money Laundering  Act, 2002

• Purpose: Facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India.

• FEMA Act, 1999 replaced FERA Act, 1973

• FERA stands for in Foreign Exchange Regulation Act.

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Today's Current Affairs For SSC CGL, BANKING, RRB NTPC, SBI, RBI, SEBI Exam 24th September 2020

 Hello Readers,

            Latest Current Affairs for your upcoming examination SSC CGL, RRB, Banking, RBI, and UPSC. For all Current Affairs Archive CLICK HERE

National Current Affairs 

• Prime Minister Shri Narendra Modi and Prime Minister H.E. Mr. Mahinda Rajapaksa of Sri Lanka will hold a Virtual Bilateral Summit on 26 September 2020.

• Government formed committee to set Hydrogen Energy Development Targets.

• Department of Biotechnology launched Programme for Clinical Trial Research.

• Union Minister for Petroleum, Natural Gas and Steel Dharmendra Pradhan announced that Centre sanctioned Rs. 8 crore as collateral- free loans for street vendors in Odisha under PM SVANidhi Yojana.

• Tamil Nadu becomes first state to unveil ethical AI, bloackchain, cybersecurity policy.

• The Indo-Tibetan Border Police (ITBP) ties up with Uttarakhand government to promote adventure tourism at Tehri Lake.

• Union Commerce and Industry & Railway Minister, Piyush Goyal attended virtual G-20 meeting of Trade and Investment Ministers; India says No to Data Free Flow with Trust (DFFT).

• India's International Centre for Entrepreneurship and Technology (iCreate) and Israel to collaborate in Technology Innovation and Start ups.

• India's first commercial indigenously developed Sonar Dome to be mounted on P15 Alpha Warship. It was manufactured by Goa based Kineco Limited.

• Rajasthan government approved 'Moksha Kalash Yojana 2020', which allows a family to immerse ashes of their loved ones in river Ganga in Haridwar. 

• eSanjeevani OPD of Health Ministry completes 3 lakh tele-consultations within six months of launch.

• More than 15 Lakh loan applications received under PM SVANidhi scheme.

• The Ministry of Chemicals and Fertilizers to set up Plastic Parks under Plastic Parks Scheme. The Parks are being set up in the states of Assam, Madhya Pradesh, Odisha, Tamil Nadu, Jharkhand, Uttarakhand and Chhattisgarh.

• Central Pollution Control Board (CPCB) commemorate 46th foundation day on 23rd September, 2020.

• India- Australia conducts Passage Exercise (PASSEX) in Eastern Indian Ocean.

• Indian Railways plans 100% electrification of its broad-gauge routes by 2023.

• The Comptroller and Auditor General of India (CAG) has flagged irregularities in the construction of toilets in schools by Central Public Sector Enterprises (CPSEs).

INTERNATIONAL 

• According to World Risk Index (WRI) 2020, India is ‘poorly prepared’ to deal with ‘climate reality’.

• The Security forces of Nepal and India started "Security Patrol" along Border in Kapilvastu district.

• Chinese President Xi Jingping said China aims to go Carbon Neutral by 2060.

• Foreign Ministers from the Group of 4 (G4), consisting of India, Brazil, Japan and Germany, participated in a virtual meeting.

• The United Nations Conference on Trade and Development (UNCTAD) Report: The Global Economy to Contract 4.3% in 2020; Output Worth USD 6 Trillion to Be Wiped Out.

BANKING & ECONOMY 

• UNCTAD projects India GDP to contract by 5.9% in 2020.

• The Non Banking Financial Company (NBFC) Bajaj Finserv launched "Bajaj Finserv Health Limited (BFHL)" to provide Aarogya Care and products related to health care.

• HCL Technologies and Google Cloud announced to expand partnership to accelerate Business Intelligence Platform.

• Kohlberg Kravis Roberts (KKR) will pick up 1.28% equity stake of Reliance Retails for Rs. 5550 Crore Investment.

AWARDS 

• Colombian Journalist Jineth Bedoya Lima won the Golden Pen of Freedom Award 2020 of (World Association of News Publishers) WAN-IFRA
• 
  

OBITUARIES

• Shri Suresh C. Angadi, Union Minister of State for Railways passes away.

• Former Atomic Energy Commission Chairman and Secretary to the Govt. of India, Dr. Sekhar Basu passed away.

• Bollywood actor Bhupesh Pandya passes away.

• Former Australian cricketer Dean Jones passes away.

APPOINTMENT

• Former Rebel military commander Ishmael Toroama elected as the President of Bougainville.

• Former Mali defence minister and retired colonel Bad Ndaw named to be Mali's interim president.

• Khushi Chindaliya, 17 year old girl, appointed as United Nations Environment Programme UNEP's Green Ambassador in India.

• For the 6th time Alexander Lukashenko elected as Pesident of Republic of Belarus.

IMPORTANT DAYS

• September 22: World Car Free Day. Celebrated to encourage motorists to give up their cars for a day.

• September 24: World Maritime Day. Theme: Sustainable Shipping for a Sustainable Planet.

Read Also: PM SVANidhi Scheme

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