2023-September Part-6

1. National Savings Monthly Income Account(MIS)

From 01.07.2023, interest rate:-7.4 % per annum payable monthly
o For calculation of share of an individual in joint account, each joint holder have equal
share in each joint account
o (a)Who can open:-
(i) a single adult
(ii) Joint Account (up to 3 adults) (Joint A or Joint B))
(iii) a guardian on behalf of minor/ person of unsound mind
(iv) a minor above 10 years in his own name.
o Joint Account(i) A-Type, that is to say, payable to the depositors jointly or to two
survivors jointly or to the sole survivor. (ii) B-Type, that is to say, payable to any one of
the depositors or the either of two survivors or to the sole survivor.
o (b)Deposit:-
(i) Account can be opened with minimum of Rs. 1000 and in multiple of Rs. 1000.
(ii) A maximum of Rs. 9 lakh can be deposited in a single account and 15 lakh in Joint
account.
(iii) In a joint account, all the joint holders shall have equal share in investment.
(iv) Deposits/shares in all MIS accounts opened by an individual shall not exceed Rs. 9
lakh.
(iv) Limit for account opened on behalf of a minor as guardian shall be separate.
o (c)Interest:-
(i) Interest shall be payable on completion of a month from the date of opening and so
on till maturity.
(ii) If the interest payable every month is not claimed by the account holder such
interest shall not earn any additional interest.
(iii) In case any excess deposit made by the depositor, the excess deposit will be
refunded back and only PO Savings Account interest will be applicable from the date of
opening of account to the date of refund.
(iv) Interest can be drawn through auto credit into savings account standing at same
post office, or ECS. In case of MIS account at CBS Post offices, monthly interest can
be credited into savings account standing at any CBS Post Offices.
(v) Interest is taxable in the hand of depositor.
o (d)Pre-mature closure of account:-
(i) No deposit shall be withdrawn before the expiry of 1 year from the date of deposit.
(ii) If account is closed after 1 year and before 3 year from the date of account opening,
a deduction equal to 2% from the principal will be deducted and remaining amount will
be paid.
(iii) If account closed after 3 year and before 5 year from the date of account opening, a
deduction equal to 1% from the principal will be deducted and remaining amount will
be paid.
 2023-September Part-6

(iv) Account can be prematurely closed by submitting prescribed application form with
pass book at concerned Post Office.
o (e)Maturity:-
(i) Account may be closed on expiry of 5 years from the date of opening by submitting
prescribed application form with pass book at concerned Post Office.
(ii) In case the account holder dies before the maturity, the account may be closed and
amount will be refunded to nominee/legal heirs. Interest will be paid up to the
preceding month, in which refund is made.
2. Name the company that has recently (in Sept ‘23) signed an MoU with the Indian Navy
to provide reliable mobility solutions for personal travel & commute of Naval personnel
and their families across India.
1) Uber 2) BlaBlaCar 3) Quick Ride 4) Ola Share 5) Twogo
 This MoU aligns with the Chief of the Naval Staff’s (CNS: Admiral R. Hari Kumar)
vision of ‘Happy Personnel’ under the ‘SHIPS FIRST’ approach and is a maiden
initiative in the Armed Forces.
 This MoU will extend several benefits to Indian Naval personnel and their families
including:
• A personalised profile on the Uber App.
• Premier Executive Cab Category provides surge price protection during peak
office hours.
• Availability of Top-rated drivers.
• Zero cancellation fee on all Uber rides.
• 24×7 Premium business support.
3. Name the organisation that has recently (in Sept ‘23) signed a 5-year MoU with National
Bank for Agriculture and Rural Development (NABARD) on technical cooperation for
the joint development of data-driven innovations in agriculture and food systems to
support smallholder farmers.
1) International Fund for Agricultural Development 2) Food and Agriculture
Organization 3) United Nations Development Programme 4) International Monetary
Fund 5) United Nations Human Settlement Programme(Nairobi, Kenya)
4. The Department of Empowerment of Persons with Disabilities (DePWD) launched 5
Pioneering Initiatives to Foster Inclusivity and Empower Persons with Disabilities
(PwDs).
i. An Online Case Monitoring Portal developed by the Office of the Chief
Commissioner for Persons with Disabilities (CCPD) was launched to
simplify and expedite the grievance resolution process for PwDs.
ii. DEPwD has partnered with COA (Council of Architecture to introduce
universal accessibility courses within Bachelor of Architecture programs.
This partnership will extend to develop a certified course for architects
 2023-September Part-6

and civil engineers, equip them with skills to conduct accessibility audits
in built environments and ensure compliance with accessibility standards.
iii. DEPwD released the anonymous data through the UDID portal(Unique
Disability Identity Cards ) for research purposes. This will provide
insights at various levels, facilitating a deeper understanding and
informing targeted interventions.
iv. PM-DAKSH Portal introduced by DEPwD is a comprehensive digital
platform designed to empower PwDs in their pursuit of skill training and
employment opportunities.
v. The booklet, Pathways to Access: Courts on Disability Rights, by DEPwD
is a compilation of notable judgments from India’s Supreme Court and
High Courts concerning disability rights.
The Department of Empowerment of Persons with Disabilities (DePWD)
works under which ministry?
5. Which country’s Navy, along with Indian Navy has recently (in Sept ‘23) conducted the
21st edition of the Varuna (Varuna 2023), the bilateral maritime exercise, in the
Arabian Sea?
1) Japan 2) France 3) Australia 4) Bangladesh 5) Indonesia
 Indian & French Navy bilateral naval exercise was initiated in 1993 and the
exercise was named “Varuna” in 2001.
6. Which Life Insurance company has recently (in Sept ‘23) launched Income Laabh, an
individual savings plan to provide both financial security and a consistent income stream
throughout the policy term?
1) Max Life Insurance 2) Bajaj Allianz Life Insurance 3) ICICI Prudential Life
Insurance 4) Bharti AXA Life Insurance 5) Tata AIA Life Insurance
 Bajaj Allianz Life has introduced a ground-breaking savings plan named Bajaj
Allianz Life ACE.
 Non-linked insurance plans are low-risk insurance plans that offer guaranteed
returns. They are not linked to the performance of the market. Hence, the returns
under these plans do not depend on how the market performs.
 In non-participating policies, the profits are not shared and no dividends are paid
to the policyholders. This type of policy is also known as a without-profit or non-par
policy.
7. In September 2023, the Reserve Bank of India (RBI) has approved the re-appointment of
Sandeep Bakhshi as the Managing Director (MD) and Chief Executive Officer (CEO) of
the ____________ (Bank) for three years.
1) HDFC Bank 2) YES Bank 3) ICICI Bank 4) Axis Bank 5) IndusInd Bank
 This is his second extension of tenure; the first extension happened in 2021 for
two years which is about to expire on 3rd October 2023.
 2023-September Part-6

 He has been serving as the MD & CEO of ICICI Bank since 2018 succeeding
Chanda Kochchar
 Established in 1994 , Tagline – Hum Hai Na Khayal Apka
8. Which of the following points is/are “correct” with respect to the Tata Steel Chess India
Rapid and Blitz 2023 held in Kolkata,West Bengal from August to September 2023?
A) Maxime Vachier-Lagrave of France won the Tata Steel Chess India Open Rapid
title by defeating Teimour Radjabov of Azerbaijan.
B) Alexander Grischuk, Russia won the Tata Steel India 2023 Open Blitz title by
defeating Nodirbek Abdusattorov of Uzbekistan.
C) India’s Women Grandmaster Divya Deshmukh won the Tata Steel Chess India Rapid
title in the women’s category by defeating Ju Wenjun from China.
1) Only A 2) Only A & B 3) Only B & C 4) Only A & C 5) All A, B & C
 Indian Chess Grandmaster Rameshbabu Praggnanandhaa from TamilNadu
secured third place in both Open Rapid and Open Blitz events.
 This marks the 5th edition of the tournament since the first edition was held in
2018.
 Ju Wenjun of China won the Tata Steel Chess India 2023 Blitz title. She has been
the World champion since 2018. India’s Koneru Humpy finished second, while
India’s Dronavalli Harika and Divya Deshmukh finished third and fourth
respectively
 Rapid games are usually played with a 20 or 25 min each clock time for the whole
game with probably 10 sec increment for each move. The game usually ends in an
hour. Blitz games have 5 min or 3 min per each player for the game and 2–5 sec
increment per move. A blitz game end within 15 minutes usually.
9. In September 2023, which country’s men’s basketball team defeated Serbia to win the
FirstEver International Basketball Federation(FIBA) Basketball World Cup Title?( finals
held in Manila, Philippines.)
1) Spain 2) Canada 3) Germany 4) Argentina 5) France
 The 19th edition of the FIBA Basketball World Cup took place for the first time
across three host nations in the Philippines, Japan and Indonesia from 25th August
to 10th September 2023.
 Qatar is set to host the 2027 FIBA Basketball World Cup.
 FIBA Headquarters – Geneva, Switzerland, Established – 1932
 The winning team was awarded the Naismith trophy named after the Basketball
inventor James Naismith.
 Dennis Schroder of Germany won the TISSOT Most Valuable Player award.
 Josh Giddey (Australia) earned the Wanda Rising Star Award at the FIBA
Basketball World Cup 2023.
10. Name the Indian archer who has recently (in Sept ‘23) won the Silver medal in the Men’s
Compound in Hermosillo 2023 Hyundai Archery World Cup Finals.
 2023-September Part-6

1) Prathamesh Samadhan Jawkar 2) Shyam Lal Meena 3) Satyadev Prasad 4) Abhishek

Verma 5) Atanu Das
 Prathamesh Jawkar competed against Mathias Fullerton (Ranked World No.14) of
Denmark in the gold medal clash.
 The match was a tie as both players scored 148 points after five sets. While both
archers hit a 10 in the shoot-off, Fullerton won because his arrow was closer to the
centre.
 Hyundai Archery World Cup 2023 had 4 Archery World Cup Stages (AWCS)
(Antalya, Türkiye; Shanghai, China; Medellín, Colombia and Paris, France) and
Archery World Cup Final (Hermosillo, Mexico).
 Hyundai Archery World Cup 2023 is the 17th edition of the international archery
circuit organised annually by World Archery.
11. In September 2023, ____________, one of the co-creators of PowerPoint software,
passed away.
1) Charles Flint 2) Paul G. Allen 3) Robert Gaskins 4) Dennis Austin 5) Thomas Watson
 Austin along with Robert Gaskins created the powerpoint for the software
company Forethought and released it in 1987. Microsoft then acquired the firm
and integrated PowerPoint into its suite of Office programs.
12. Which state’s Transport Department has recently (in Sept ‘23) signed an MoU with Open
Network for Digital Commerce (ONDC) to expand the scope of the open mobility
network?
1) Andhra Pradesh 2) Karnataka 3) Tamil Nadu 4) Telangana 5) Kerala
 The project will integrate all modes of transportation that are currently operating
in Kerala onto the ONDC network and will offer affordable and convenient
access to all modes of transport through user-friendly buyer and seller apps
 ONDC Managing Director (MD) & Chief Executive Officer (CEO)– T Koshy
Headquarters– New Delhi, Delhi
13. In September 2023, the National Green Tribunal, Eastern Zone, directed the
____________ (state) government to stop the ‘illegal’ construction in and around
Tampara Lake.
1) Maharashtra 2) Odisha 3) West Bengal 4) Madhya Pradesh 5) Gujarat
 The National Green Tribunal, Eastern Zone, has directed the Odisha government
not to go ahead with ‘illegal’ construction in and around Tampara Lake.
 It is a freshwater lake situated on the right bank of the Rushikulya River. It has
been designated as a protected Ramsar site since 2021.
14. The Centre approved the establishment of a new spaceport in Kulasekarapattinam,
___________ (state).
1) Kerala 2) Andhra Pradesh 3) Telangana 4) Karnataka 5) Tamil Nadu
 In August 2023, The Centre approved the establishment of a new spaceport in
Kulasekarapattinam. It is a town in the Thoothukudi (formerly Tuticorin district)
 2023-September Part-6

of Tamil Nadu. Its name is derived from pandyan ruler Maravarman Kulasekara
Pandyan I.
 A spaceport, also known as a cosmodrome or launch facility, is a specialized site
designed for launching spacecraft, rockets, and satellites into space.
15. In September 2023, the Ministry of Labour and Employment (MoLE) signed MoUs
with various job portals, employers, and skill providers to integrate with its National
Career Service (NCS) portal.
 This collaboration allows private job portals to share their job openings on the NCS
platform, expanding employment opportunities for registered jobseekers of NCS.
 This partnership is set to benefit over 30 lakh eShram registered workers in the
unorganized sector who have joined NCS
 Entities with which MoUs were Signed:
1. TeamLease HRtech (Freshersworld) 2. Monster.com India Pvt Ltd referred as foundit
3. QUESS CORP Limited 4. Delivery Track (VSS Tech) 5. KARPAGA Assessment APP
MATRIX Services Private Limited (HireMee) 6. QUIKR INDIA Private Limited 7. TCS
iON 8. Firstjob.co.in
 Other MoUs by MoLE:
 MoLE partnered with TCS iON to offer free online soft skills employability
training in English and Hindi, enhancing jobseekers’ employability and workforce
quality.
 TCS iON is a strategic unit of Tata Consultancy Services (TCS) focused on
Manufacturing Industries (SMB), Educational Institutions and Examination
Boards.
 MoLE also signed an MoU with HireMee to provide free aptitude tests, benefiting
both jobseekers and employers by streamlining candidate selection.