General Awareness Test - 2 - Bank Exams MCQ

The correct answer is An agreement to exchange an interest rate commitment.
Key Points

• Forward rate agreements (FRA) are over-the-counter contracts between parties that determine the rate of interest to be paid on an agreed-upon date in the future.
• An FRA is an agreement to exchange an interest rate commitment on a notional amount.
• The FRA determines the rates to be used along with the termination date and the notional value.
• FRAs are cash-settled with the payment based on the net difference between the interest rate of the contract and the floating rate in the market called the reference rate.
• The notional amount is not exchanged, but rather a cash amount based on the rate differentials and the notional value of the contract.

Important Points

• Notional Amount: Notional Amount of Loan on which interest is calculated.

The correct answer is ​Avinash Sable

In News

• Avinash Sable broke his own national steeplechase record at the Paris Diamond League meet in 2024.

Key Points

• He finished sixth in the 3000m steeplechase with a time of 8 minutes and 9.91 seconds.
• This new record bettered his previous mark of 8:11.20, which he had set in 2022, by about one and a half seconds.
• Sable's previous national record was achieved when he won a silver medal at the 2022 Commonwealth Games in Birmingham.
• Despite struggling earlier in the season with times of 8:21.85 and 8:31.75 in other races, he improved significantly by around 12 seconds.
• Avinash Sable hails from Mandwa village in Beed district of Maharashtra and comes from a humble farmer’s family.
• This performance marks his 10th national record-breaking achievement in his career.

• Ruchira Kamboj served in the Indian Foreign Service for over 35 years, marking a distinguished career.

• Historic Role: She was the first woman to hold the position of Ambassador of India to the UN.
• Joining Year: Kamboj joined the Indian Foreign Service in 1987 and became the All India women’s topper of her batch.
• Significant Posting: She took up the role of Permanent Representative of India to the United Nations in New York on August 2, 2022.
• Diverse Experience: Throughout her career, she had postings in important locations including Paris, New York, and London, handling critical political issues.
• Languages: She is proficient in Hindi, English, and French, enhancing her effectiveness in international diplomacy.
• Retirement Announcement: Kamboj announced her retirement via a post on social media platform X, expressing gratitude for her experiences and career.

The correct answer is Sumant Sinha, Founder, Chairman and CEO of ReNew

In News

• Sumant Sinha, Chairman and CEO of ReNew, has been appointed Co-Chair of the Alliance of CEO Climate Leaders, the largest CEO-led climate alliance globally.

Key Points

• The alliance is a flagship initiative of the World Economic Forum (WEF), comprising 130 member CEOs from 12 industries, representing $4 trillion in revenues and responsible for 5.2 gigatonnes of carbon emissions annually.
• Sinha collaborates with notable leaders like Ester Baiget (CEO of Novonesis) and Jesper Brodin (CEO of Ingka Group Ikea) in this role.
• He aims to drive systemic action and foster public-private collaboration to achieve tangible climate solutions.
• Under Sinha’s leadership, ReNew has adopted strategies for net-zero targets and achieved a 1.5°C-aligned science-based target validated by the Science Based Targets initiative (SBTi).
• ReNew has mitigated over 21 million tons of carbon emissions in the last two years and has a substantial portfolio of 21.4 GW in projects.
• Gim Huay Neo, Managing Director of WEF, praised Sinha's experience, highlighting his insights into energy transitions in emerging economies as invaluable for amplifying the Alliance's impact.

The correct answer is Greta Gerwig.
In News

• Greta Gerwig honored with the 2024 Pioneer of the Year Award by the Will Rogers Motion Picture Pioneers Foundation (WRMPPF).

Key Points

• The award recognizes Gerwig's outstanding contributions to the motion picture industry.
• Gerwig's notable works include 'Lady Bird', 'Little Women', and the Oscar-winning movie 'Barbie'.
• She made history with 'Barbie' as the first film directed solely by a woman to surpass USD 1 billion in global box office earnings.

Additional Information

• Greta Gerwig
  • Gerwig is an acclaimed filmmaker known for her directorial work in 'Lady Bird' and 'Little Women'.
  • She co-wrote 'Barbie' with Noah Baumbach, which achieved historic box office success.
  • Gerwig is also recognized for her roles as an actress and screenwriter in films like 'Frances

The correct answer is A-4, B-1, C-2, D-3
In News

• The 2024 ICC Men's T20 World Cup is the ninth edition of the ICC Men's T20 World Cup. It is being co-hosted by the West Indies and the United States from 1 to 29 June 2024;

Key Points

• Afghanistan: Rashid Khan
• Australia: Mitchell Marsh
• Bangladesh: Najmul Hossain Shanto
• Canada: Saad Bin Zafar
• England: Jos Buttler
• India: Rohit Sharma
• Ireland: Paul Stirling
• Namibia: Gerhard Erasmus
• Nepal: Rohit Paudel
• Netherlands: Scott Edwards
• New Zealand: Kane Williamson
• Oman: Aqib Ilyas
• Papua New Guinea: Assadollah Vala
• Pakistan: Babar Azam
• Scotland: Richie Berrington
• South Africa: Aiden Markram
• Sri Lanka: Wanindu Hasaranga
• Uganda: Brian Masaba
• United States: Monank Patel
• West Indies: Rovman Powell

• Group A: India, United States, Pakistan, Canada, Ireland
• Group B: Australia, England, Scotland, Namibia, Oman
• Group C: West Indies, Afghanistan, New Zealand, Uganda, Papua New Guinea
• Group D: South Africa, Bangladesh, Sri Lanka, Netherlands, Nepal

Additional Information
2024 prize money

Important Points

• The ICC Men's T20 World Cup, formerly known as the ICC World Twenty20, is a Twenty20 International cricket tournament organized by the International Cricket Council (ICC) since 2007.
• England are the current T20 World Cup champions, winning their second title by defeating Pakistan in the 2022 final.
• They are the first men's team to hold both limited-overs World Cups (T20 and ODI) simultaneously.
• The inaugural tournament was held in 2007 in South Africa, with India emerging as champions after defeating Pakistan in the final.
• The 2024 T20 World Cup is hosted by the West Indies and the United States.
• This marks the first time the U.S. has hosted an ICC World Cup.
• Three venues are being used in the U.S.: Central Broward Park (existing stadium), Grand Prairie Stadium (repurposed for cricket in 2023), and Nassau County International Cricket Stadium (temporary venue).
• The 2026 T20 World Cup will be co-hosted by India and Sri Lanka.
• In 2028, Australia and New Zealand will host the tournament.
• The 2030 edition will be hosted across England, Wales, Scotland, and Ireland.

The correct answer is option D.
Key Points

• Derivative market
  • It is a type of financial market for derivatives which are a group of products including futures and options whose value is derived from the value of assets such as currency, securities etc.
  • The major instruments of derivative market are forwards, futures, options and swaps.
  • Forward contract is a contract between two parties, where settlement takes place on specific day in future at a price agreed today.
  • Futures are exchange traded contracts to sell or buy financial instruments for future delivery at an agreed price.
  • Option contracts are third type of derivative market in India. They do not require any compulsion to discharge the contract on specific date.
  • Debentures are the marketable securities that businesses can issue to obtain long term financing. These are kind of bonds.
  • Hence it can be concluded that Debentures are not the instrument of derivative market.

The correct answer is Long-term Motor Insurance Policies.
Key Points

• The IRDAI has revised guidelines specifically for long-term motor insurance policies.
• Previously, the commission structure for these policies was set at specific percentages for each year.
• The new regulation allows insurers to provide commissions within the expense management framework for long-term policies.
• This change aligns long-term motor insurance policies with standard one-year motor insurance policies.

Additional Information

• Health Insurance Policies: These policies cover medical expenses for illnesses and injuries but are not the focus of the recent IRDAI guideline revision.
• Home Insurance Policies: These policies provide coverage for damages to a person's home and belongings but are also not covered by the revised guidelines.
• Travel Insurance Policies: These policies cover risks associated with traveling, including trip cancellations, lost luggage, and medical emergencies abroad, and are not the focus of the revised guidelines.

Important Points

• The Insurance Regulatory and Development Authority of India is an autonomous and statutory body under the jurisdiction of Ministry of Finance, Government of India.
• It is tasked with regulating and licensing the insurance and re-insurance industries in India.
• Chairperson: Debasish Panda.
• Founded: 1999.
• Headquarters: Hyderabad.

The correct answer is Angel Tax.

Key Points

• The Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman, proposed to abolish the 'Angel Tax' for all classes of investors.
• This move aims to bolster the Indian start-up ecosystem, boost the entrepreneurial spirit, and support innovation.
• The 'Angel Tax' was previously levied on the capital raised by unlisted companies via the issue of shares where the share price was seen in excess of the fair market value of the shares.
• This abolition is expected to attract more investments into start-ups, facilitating their growth and development.

Important Points

• Corporate Tax: The corporate tax rate on foreign companies has been reduced from 40% to 35%, not abolished.
• Service Tax: Service tax was subsumed under the Goods and Services Tax (GST) in 2017, not related to the current abolition.
• Value Added Tax (VAT): VAT is still applicable on certain goods and services, and it was not mentioned as abolished in the article.

Additional Information

• The abolition of 'Angel Tax' will ease the process for start-ups to raise funds without facing undue tax burdens.
• It reflects the government's commitment to creating a more favorable business environment for start-ups and investors.
• This initiative is part of broader efforts to simplify tax regulations and promote investment in the Indian economy.

The correct answer is Akshai Sarin.
Key Points

• Akshai Sarin transformed Royal Caribbean Cruises' Spectrum of the Seas into a colossal, playable music installation.
• The ship measures over 1,100 feet in length and stands as tall as an 18-story building.
• Sarin used Sonokinesis, AI, and Gesture recognition technology to achieve this feat.
• This marks the first time in history that a cruise ship of this magnitude has been turned into a musical instrument.

Additional Information

• A. R. Rahman: A renowned Indian composer and musician, but not associated with this specific project.
• Anoushka Shankar: A famous sitar player and composer, but not involved in this achievement.
• Ricky Kej: A Grammy-winning Indian music composer, but not related to this particular installation.
• Sonokinesis: A project developed by Akshai Sarin that involves turning everyday objects and surfaces into musical instruments using technology.

The correct answer is Option B: Only statements 1, 3, and 4 are correct.
In News

• The Government will implement 3 schemes for ‘Employment Linked Incentive’, as part of the Prime Minister’s package.
• These will be based on enrolment in the EPFO, and focus on recognition of first-time employees, and support to employees and employers.
• This was announced by Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman while presenting the Union Budget 2024-25 in Parliament.

Key Points

• Scheme A will provide one-month wage to all persons newly entering the workforce in all formal sectors.
• Scheme C will cover additional employment in all sectors, with the government reimbursing employers up to ₹3,000 per month for 2 years for each additional employee.
• Scheme A is expected to benefit 210 lakh youth.
• Scheme B will incentivize additional employment in the manufacturing sector linked to the employment of first-time employees.

Additional Information

• Scheme A: First Timers
  • The Union Finance Minister said that this scheme will provide one-month wage to all persons newly entering the workforce in all formal sectors.
  • The direct benefit transfer of one-month salary in 3 instalments to first-time employees, as registered in the EPFO, will be up to ` 15,000.
  • The eligibility limit will be a salary of ` 1 lakh per month.
  • “The scheme is expected to benefit 210 lakh youth”, she said.
• Scheme B: Job Creation in manufacturing
  • The Union Finance Minister stated that this scheme will incentivize additional employment in the manufacturing sector, linked to the employment of first-time employees.
  • An incentive will be provided at specified scale directly both to the employee and the employer with respect to their EPFO contribution in the first 4 years of employment.
  • Smt. Nirmala Sitharaman stated that the scheme is expected to benefit 30 lakh youth entering employment and their employers.
  • Scheme B specifically targets the manufacturing sector, not the service sector, making it distinct from Schemes A and C. Hence, statement no. 2 is INCORRECT.
• Scheme C: Support to employers
  • This employer-focused scheme will cover additional employment in all sectors, said the Union Finance Minister.
  • All additional employment within a salary of ` 1 lakh per month will be counted.
  • The Government will reimburse to employers up to ` 3,000 per month for 2 years towards their EPFO contribution for each additional employee.
  • “The scheme is expected to incentivize additional employment of 50 lakh persons”, she added.

The correct answer is Mission Antyodaya.
Key Points

• Mission Antyodaya is a convergence and accountability framework aiming to bring optimum use and management of resources allocated by 27 Ministries/ Department of the Government of India under various programs for the development of rural areas.
• It strives to realize the vision of a Poverty-free India by 2022.
• It was adopted in Union Budget 2017-18.
• An annual survey in Gram Panchayats across the country is an important aspect of the Mission Antyodaya framework.
• It is carried out coterminous with the People’s Plan Campaign (PPC) of the Ministry of Panchayat Raj and its’ purpose is to lend support to the process of participatory planning for the Gram Panchayat Development Plan (GPDP).

Additional Information

• The objectives are-
  • Ensuring effective use of resources through the convergence of various Government Schemes with Gram Panchayats as the basic unit of planning.
  • Work with a focused micro plan for sustainable livelihood for every deprived household.
  • Conduct an annual survey on measurable outcomes at the Gram Panchayat level to monitor the progress in the development process across rural areas.
  • Supporting the process of participatory planning for the Gram Panchayat Development Plan (GPDP), which will improve service delivery, enhance citizenship, create a pace for an alliance of people’s institutions and groups and improve governance at the local level.
  • Encourages partnerships with a network of professionals, institutions, and enterprises to further accelerate the transformation of rural livelihoods.

The correct answer is Sanjivani Jadhav

In News

• Avinash Sable finished second in the men's 3000m steeplechase event at the Portland Track Festival 2024.

Key Points

• Sanjivani Jadhav emerged victorious in the women's 10,000m event, clocking a time of 32:22.77.
• Parul Chaudhary secured third place in the women's 3000m steeplechase race with a time of 9:31.38.
• Avinash Sable's time in the 3000m steeplechase was 8:21.85, placing him behind Kenneth Brooks of the USA who won the event.
• Parul Chaudhary's performance marked a significant improvement from her previous time at the Eugene Diamond League.
• Kartik Kumar finished fourth in the men's 10,000m event with a time of 28:14.67.
• Abhishek Pal, another Indian athlete, placed 26th in the same event with a time of 29:41.74.
• Several other Indian athletes, including Priti Lamba, Rahul, Sashi Singh, Ankita, Gulveer Singh, and KM Deeksha, participated in various events at the Portland Track Festival.

The correct answer is Hello Meghalaya
Key Points

• Hello Meghalaya is the second State-owned audio-visual platform after Kerala.
• The platform aims to promote content in regional languages with a limited reach or small market.
• It offers viewership-based fiscal guarantees for content creators, ensuring they receive payments based on the viewership of their content.
• The platform supports filmmakers, musicians, social media influencers, and other content creators from Meghalaya.

Additional Information

• Hello Meghalaya was launched on July 11, 2024, by Chief Minister Conrad K. Sangma.
• The platform offers up to ₹5 lakh per film, with additional funding for nationally or internationally acclaimed films, and ₹18,000 monthly for those with maximum uploads.

The correct answer is Brazil.
Key Points

• India is hosting its first-ever multinational air exercise, Exercise Tarang Shakti 2024.
• The exercise will include air force contingents from the US, UK, Australia, France, Germany, Japan, Singapore, and the UAE.
• The exercise will be conducted in two phases in southern India during August and September 2024.
• This exercise aims to enhance interoperability and cooperation among participating air forces.

Important Points

• The exercise will see participation from Quad members: India, the US, Japan, and Australia.
• European air forces like the UK, France, and Germany, which are NATO allies, will also participate.
• Key partners like Singapore and the UAE are included in the exercise.
• The announcement follows the IAF's participation in Exercise Red Flag 2024 in Alaska, US.

Additional Information

• Germany: Germany's Luftwaffe is one of the participating air forces in Exercise Tarang Shakti 2024.
• Japan: Japan is a member of the Quad and is participating in the exercise.
• Australia: Australia is also a Quad member and is participating in the exercise.
• Brazil: Brazil is not listed among the participating countries in Exercise Tarang Shakti 2024.

The correct answer is Swarnajayanti Grameen Swarozagar Yojana.
Important Points

• Swarnajayanti Grameen Swarozagar Yojana is a scheme for the rural poor, by organizing them into self-help groups.
  • Swarnajayanti Grameen Swarozagar Yojana was started in 1999.
  • The Ministry of Rural Development launched it.
• Swarnajayanti Grameen Swarozagar yojana was renamed as National Rural Livelihood Mission in 2011.
  • National Rural Livelihood Mission is the program launched by the government of India that aims at the removal of poverty to create and increase opportunities for self-help groups in the village.
  • It was launched during the 11^th five-year planning.

​Additional Information

• ​The Food for Work program was restructured and renamed National Rural Employment Programme in 1980.
  • It was merged to Jawahar Rozgar Yojana in 1989.
• The Integrated Rural Development Programme was launched to provide self-employment and economic and social upwardness for the poor.

The correct answer is Centaurus.
Key Points

• The star cluster Omega Centauri is located in the constellation Centaurus.
• Astronomers have discovered an intermediate-mass black hole in Omega Centauri with at least 8200 solar masses.
• The black hole in Omega Centauri provides evidence for a class of black holes that bridge the gap between stellar and supermassive black holes.
• This discovery supports the theory that Omega Centauri is the core region of a small galaxy absorbed by the Milky Way.

Additional Information

• Orion: Known for the Orion Nebula but not related to Omega Centauri.
• Ursa Major: Famous for the Big Dipper but not related to Omega Centauri.
• Scorpius: Known for the star Antares but not related to Omega Centauri.

The correct answer is United Nations Industrial Development Organization.

In News

• The UAE joined BRICS counterparts to launch the Centre for Industrial Competences in collaboration with UNIDO.

Key Points

• The Centre aims to enhance industrial skills and capabilities in BRICS countries.
• It will focus on the New Industrial Revolution, promoting partnerships and innovation.
• The Centre will work with several industries, including chemicals, smart manufacturing, and clean technology.
• This initiative is part of the UAE's efforts to strengthen its industrial sector and global partnerships.

Additional Information

• United Nations Industrial Development Organization (UNIDO)
  • UNIDO is a specialized agency of the United Nations that promotes industrial development.
  • It works with countries to foster inclusive and sustainable industrialization.

The correct answer is Best Performance on Profitability (Winner).

In News

• Jana Small Finance Bank was awarded the Best Small Finance Bank at the ICC Emerging Asia Banking Conclave.

Key Points

• The award is a recognition of Jana SFB's excellent performance across several metrics.
• Other awards included Best Performance on Profitability (Runners-up), Best Performance on Asset Quality, and Best Performance on Risk Management.
• The ICC Emerging Asia Banking Conclave recognizes outstanding performance in the banking sector.
• Jana Small Finance Bank is known for its innovative financial solutions.

Additional Information

• The awards aim to encourage banks to continue their dedication to excellence.
• Jana SFB has been a consistent performer in the small finance banking sector in India.
• Risk management and profitability are key areas of focus for the bank's growth strategy.
• Innovation and customer satisfaction have played significant roles in Jana SFB’s success.

The correct answer is Non-resident Indians (NRIs).

In News

• The amendments to foreign exchange regulations were made to simplify cross-border share swaps.

Key Points

• OCI-owned entities can now receive the same treatment as NRIs when investing on a non-repatriation basis.
• This amendment is expected to foster greater participation of NRI funds in India.
• It also clarifies the need for government approval for certain foreign investments.
• The changes reflect the government's efforts to ease foreign direct investment regulations.

Additional Information

• Foreign Direct Investment (FDI)
  • FDI refers to investments made by foreign entities into the economy of another country.
  • FDI rules in India are governed by the Foreign Exchange Management Act (FEMA).
• OCI (Overseas Citizen of India)
  • OCI status allows foreign nationals of Indian origin to live and work in India indefinitely without having full Indian citizenship.

The correct answer is 1 and 3 only.

In News

• B Srinivasan was appointed as the Director General of NSG in August 2024.

Key Points

• B Srinivasan is a 1992 batch Bihar cadre IPS officer.
• He replaces Nalin Prabhat, not Anish Dayal Singh.
• His tenure will last until his superannuation on August 31, 2027.
• The Appointments Committee of the Cabinet approved his appointment.

Additional Information

• The NSG is India's elite counter-terrorism unit, focusing on anti-hijacking, bomb disposal, and hostage rescue operations.
• Nalin Prabhat was earlier deputed to the Union Territories cadre.
• B Srinivasan's experience spans over three decades in various capacities in law enforcement.
• The Appointments Committee of the Cabinet manages appointments to senior positions in the government.

The correct answer is Pradhan Mantri Garib Kalyan Anna Yojana.

In News

• The transformation of 60 Fair Price Shops into Jan Poshan Kendras was part of the extended Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY).

Key Points

• The initiative aims to tackle malnutrition by providing 50% nutritional products in Jan Poshan Kendras.
• Fair Price Shops under the initiative will also store household items.
• PMGKAY has been extended for five more years to support food security.
• It includes a financial outlay of approximately Rs 12 lakh crore.

Additional Information

• Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY)
  • Launched to provide free food grains to poor families during the pandemic.
  • Extended multiple times to cover food security for economically weaker sections.

The correct answer is Andhra Pradesh.

• Ugadi is New Year's Day for the states of Andhra Pradesh, Telangana and Karnataka in India.
  • It is celebrated in these regions as a festival on the first day of the Hindu lunar calendar month of Chaitra.

Additional Information

The correct answer is USA.

In News

• Moody's Ratings, a USA-based rating agency, revised India's GDP growth projection for FY24 to 7.2%.

Key Points

• Moody's Ratings attributed the revision to resilient private consumption and business conditions in India.
• The previous projection was 6.8% before being raised to 7.2%.
• India’s industrial and services sectors have shown strong performance, boosting GDP growth.
• Fiscal consolidation efforts and strong capital expenditures have also contributed to economic resilience.

Additional Information

• Moody’s Ratings is a leading global credit rating agency based in the USA.
• The agency rates sovereign nations and corporations based on their creditworthiness.
• India's strong economic fundamentals are driving investor confidence, despite global challenges.
• Fiscal consolidation refers to the reduction of government deficits and debt accumulation.

The correct answer is Agricultural Drones.
In News
The Quality Council of India (QCI) approved NTH Ghaziabad for the type certification of agricultural drones.
Key Points
This approval supports the development and certification of agricultural drones under the Drone Rules 2021.

• Drone Rules 2021: These rules simplify procedures for the certification and regulation of drones in India.

Key Points
In Jan 2019 the five-member committee was formed under Nandan Nilekani (Non-Executive Chairman of Infosys) to study the level of digitization of payments in the country and identify the problems in them and suggest how to solve them.
Additional Information
Other important committees in the Banking:

In News
Accenture ranked second in TIME’s World’s Best Companies 2024 list, with a score just below Apple.
Key Points

• Accenture is a global professional services company with leading capabilities in digital, cloud, and security.
• It operates in over 120 countries, serving clients across industries.
• Accenture’s high ranking reflects its commitment to innovation, diversity, and corporate social responsibility.
• The company has been consistently ranked among the best in various global surveys.

Additional Information

• Accenture: Headquartered in Dublin, Ireland, Accenture specializes in consulting and digital transformation services.
• TIME’s World’s Best Companies 2024 list: A ranking of global companies based on financial performance, innovation, and CSR efforts.
• Microsoft ranked third in the list, following Apple and Accenture.
• Other notable companies in the list include BMW Group, Meta, and Google.

In News
India has overtaken China in the Morgan Stanley Capital International (MSCI) Emerging Markets Index.
Key Points

• India's weightage is 22.27%, while China's is 21.58%.
• This shift reflects India's strong market performance.
• China is facing economic challenges, leading to a reduced weightage.
• India's favorable macroeconomic conditions contributed to this development.

Additional Information

• The MSCI Index tracks the performance of emerging market stocks.
• India has outpaced China for the first time in this index.
• MSCI is a leading provider of research-based indexes and analytics.
• The index includes over 800 emerging market stocks.

In News
Raj Kumar Chaudhary has assumed the role of Chairman and Managing Director (CMD) of NHPC Limited.
Key Points

• Raj Kumar Chaudhary was previously serving as the Director (Technical) at NHPC.
• He replaces Rajendra Prasad Goyal, who was given additional charge as CMD of NHPC Limited.
• The headquarters of NHPC Limited is located in Faridabad, Haryana.

Additional Information

• NHPC Limited is a leading power generation company in India, primarily involved in the hydroelectric power sector.
• Rajendra Prasad Goyal, the predecessor, continues to contribute to NHPC by handling additional responsibilities as CMD.
• Raj Kumar Chaudhary’s extensive experience in technical and financial roles within NHPC positions him well to lead the company forward.

In News
RINL was awarded the National Energy Leader Award for its contributions to energy efficiency and conservation.
Key Points

• RINL has won this award for six consecutive years.
• The award recognizes outstanding achievements in sustainable industrial practices.
• It highlights the company's commitment to reducing energy consumption and environmental impact.
• RINL is the corporate entity of Visakhapatnam Steel Plant.

Additional Information
Rashtriya Ispat Nigam Limited (RINL)

• Founded in 1982
• Headquarters - Visakhapatnam, India
• Major player in steel production and industrial innovation.