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What is the primary objective of 'Operation Ajay' initiated by the Indian government on October 11, 2023?
  • a)
    Evacuation of Indian citizens from Ukraine
  • b)
    Humanitarian aid to Syria
  • c)
    Repatriation of Indian citizens from Israel
  • d)
    Relief for flood-affected regions in India
Correct answer is option 'C'. Can you explain this answer?
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What is the primary objective of 'Operation Ajay' initiated by the Ind...
Operation Ajay Objective:

  • Primary objective: Repatriation of Indian citizens from Israel


Details of the Objective:

  • Operation Ajay was initiated by the Indian government on October 11, 2023.

  • The main aim of the operation is to evacuate Indian citizens from Israel and bring them back to India safely.

  • It is a repatriation mission to ensure the welfare and safety of Indian nationals in a foreign country.

  • The operation involves coordination with various authorities and agencies to facilitate the return of Indian citizens.

  • The government is providing necessary support and assistance to ensure a smooth repatriation process.

  • Operation Ajay reflects the government's commitment to the well-being of its citizens abroad and its efforts to safeguard their interests.


Importance of Operation Ajay:

  • Ensures the safe return of Indian citizens from a potentially unstable or dangerous situation in Israel.

  • Demonstrates the government's proactive approach in addressing the needs of its citizens during emergencies or crises abroad.

  • Highlights the importance of diplomatic relations and cooperation between countries in times of need.

  • Helps strengthen the trust and confidence of Indian citizens in the government's ability to protect and assist them in times of distress.

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Direction: Read the passage carefully and select the best answer to each question out of the given five alternatives.Banks will conduct special clearing operations for annual closure of government accounts on March 31, which is the last day of the current fiscal year, the RBI has said. The Reserve Bank has issued directions to the banks for smooth clearing operation and asked them to mandatorily participate in it. With regard to annual closing of accounts related transactions of the central and state governments, special measures are put in place for 2020-21, the RBI has instructed all the member banks to maintain sufficient balance in their clearing settlement account. Normal clearing timings as applicable to any working Wednesday shall be followed on March 31, 2021, the RBI said in a notification addressed to the member banks, urban and state cooperative banks, payments banks, small finance banks as well as the NPCI. To facilitate accounting of all the government transactions for the current financial year 2020-21 by March 31, 2021, it has been decided to conduct special clearing exclusively for government cheques across the three CTS grids on March 31, 2021, the RBI said.Under this, presentation clearing will take place between 1700 to 1730 hrs and return clearing will take place between 1900 and 1930 hrs at the three CTS (cheque truncation system) grids located in New Delhi, Chennai and Mumbai. “It is mandatory for all banks to participate in the special clearing operations on March 31, 2021. All the member banks under the respective CTS grids are required to keep their inward clearing processing infrastructure open during the special clearing hours and maintain sufficient balance in their clearing settlement account to meet settlement obligations arising out of the special clearing,” said the regulator. Besides, it has asked the banks under the respective CTS grids to adhere to the instructions issued to them by the President of the respective CTS grid. Under the CTS system, there is no need to present a cheque physically for clearance, instead an electronic image is being transmitted to the paying branch through the clearing house, with the relevant data. This eliminates the cost of movement of the physical cheques and reduces time for collection and clearance of cheques. All government transactions done by agency banks for 2020-21 must be accounted for within the same financial year, the RBI said. The central bank said all agency banks should keep their designated branches open for over the counter transactions related to government transactions up to the normal working hours on March 31, 2021. “Transactions through National Electronic Funds Transfer (NEFT) and Real Time Gross Settlement (RTGS) System will continue up to 2400 hours as hitherto on March 31, 2021. “Special clearing will be conducted for collection of government cheques on March 31, 2021 for which the Department of Payment and Settlement Systems (DPSS), RBI will issue necessary instructions,” it said. With regard to reporting of central and state government transactions to RBI, including uploading of GST/e-receipts luggage files, the reporting window of March 31, 2021 will be extended and kept open till 1200 hours on April 1, 2021, the RBI said.What can you say from the following sentence?"It is mandatory for all banks to participate in the special clearing operations on March 31, 2021”

Direction: Read the passage carefully and select the best answer to each question out of the given five alternatives.Banks will conduct special clearing operations for annual closure of government accounts on March 31, which is the last day of the current fiscal year, the RBI has said. The Reserve Bank has issued directions to the banks for smooth clearing operation and asked them to mandatorily participate in it. With regard to annual closing of accounts related transactions of the central and state governments, special measures are put in place for 2020-21, the RBI has instructed all the member banks to maintain sufficient balance in their clearing settlement account. Normal clearing timings as applicable to any working Wednesday shall be followed on March 31, 2021, the RBI said in a notification addressed to the member banks, urban and state cooperative banks, payments banks, small finance banks as well as the NPCI. To facilitate accounting of all the government transactions for the current financial year 2020-21 by March 31, 2021, it has been decided to conduct special clearing exclusively for government cheques across the three CTS grids on March 31, 2021, the RBI said.Under this, presentation clearing will take place between 1700 to 1730 hrs and return clearing will take place between 1900 and 1930 hrs at the three CTS (cheque truncation system) grids located in New Delhi, Chennai and Mumbai. “It is mandatory for all banks to participate in the special clearing operations on March 31, 2021. All the member banks under the respective CTS grids are required to keep their inward clearing processing infrastructure open during the special clearing hours and maintain sufficient balance in their clearing settlement account to meet settlement obligations arising out of the special clearing,” said the regulator. Besides, it has asked the banks under the respective CTS grids to adhere to the instructions issued to them by the President of the respective CTS grid. Under the CTS system, there is no need to present a cheque physically for clearance, instead an electronic image is being transmitted to the paying branch through the clearing house, with the relevant data. This eliminates the cost of movement of the physical cheques and reduces time for collection and clearance of cheques. All government transactions done by agency banks for 2020-21 must be accounted for within the same financial year, the RBI said. The central bank said all agency banks should keep their designated branches open for over the counter transactions related to government transactions up to the normal working hours on March 31, 2021. “Transactions through National Electronic Funds Transfer (NEFT) and Real Time Gross Settlement (RTGS) System will continue up to 2400 hours as hitherto on March 31, 2021. “Special clearing will be conducted for collection of government cheques on March 31, 2021 for which the Department of Payment and Settlement Systems (DPSS), RBI will issue necessary instructions,” it said. With regard to reporting of central and state government transactions to RBI, including uploading of GST/e-receipts luggage files, the reporting window of March 31, 2021 will be extended and kept open till 1200 hours on April 1, 2021, the RBI said.Banks under the respective CTS grids should adhere to

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What is the primary objective of 'Operation Ajay' initiated by the Indian government on October 11, 2023?a)Evacuation of Indian citizens from Ukraineb)Humanitarian aid to Syriac)Repatriation of Indian citizens from Israeld)Relief for flood-affected regions in IndiaCorrect answer is option 'C'. Can you explain this answer?
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What is the primary objective of 'Operation Ajay' initiated by the Indian government on October 11, 2023?a)Evacuation of Indian citizens from Ukraineb)Humanitarian aid to Syriac)Repatriation of Indian citizens from Israeld)Relief for flood-affected regions in IndiaCorrect answer is option 'C'. Can you explain this answer? for Bank Exams 2024 is part of Bank Exams preparation. The Question and answers have been prepared according to the Bank Exams exam syllabus. Information about What is the primary objective of 'Operation Ajay' initiated by the Indian government on October 11, 2023?a)Evacuation of Indian citizens from Ukraineb)Humanitarian aid to Syriac)Repatriation of Indian citizens from Israeld)Relief for flood-affected regions in IndiaCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Bank Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the primary objective of 'Operation Ajay' initiated by the Indian government on October 11, 2023?a)Evacuation of Indian citizens from Ukraineb)Humanitarian aid to Syriac)Repatriation of Indian citizens from Israeld)Relief for flood-affected regions in IndiaCorrect answer is option 'C'. Can you explain this answer?.
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