RBI OFFICER GRADE ‘B’ PHASE-I EXAM Held on : 06.03.2021 (Shift-I) (Part-IV)

Eligible taxpayers can claim deductions to the tune of Rs. 1.5 lakh per year under Section 80C of the Income Tax Act.
● This amount is a combination of deductions available under Sections 80 C, 80 CCC and 80 CCD.

The Asian Development Bank (ADB) joined the Central Banks and Supervisors Network for Greening the Financial System (NGFS) as an observer on 23 June 2020.
● NGFS was launched at the Paris One Planet Summit on 12 December 2017.

Himachal Pradesh was, in July 2020, announced to have become the first state in the country where 100 percent households have LPG connections.
● Under the central government’s ‘Pradhan Mantri Ujjwala Yojana’ LPG, gas connections were provided free of cost to women of rural areas.

Mercedes’s, Valtteri Bottas (Finland), in July 2020, won the Austrian Grand Prix 2020 at Red Bull Ring in Spielberg, Austria.
● This was the first race of 2020 Formula One season.
● Charles Leclerc finished second for Ferrari while McLaren’s Lando Norris came third.

The Tso Kar or Tsho kar is a fluctuating salt lake known for its size and depth situated in the Rupshu Plateau and valley in the southern part of Ladakh.
● It is also recognised as India’s 42nd Ramsar site.

CRA stands for Credit Rating Agency that evaluates and assesses an individual’s or a company’s creditworthiness.
● It assigns credit ratings, which rate a debtor’s ability to pay back debt by making timely principal and interest payments and the likelihood of default.

The United Arab Emirates launched its first-ever interplanetary Hope Probe mission to Mars from Japan's Tanegashima Space Centre on 20 July 2020.
● This interplanetary mission is the first by any West Asian, Arab or Muslim majority country.

India and the US held a two-day naval exercise in the eastern Indian Ocean Region in March 2021.
● The Indian and US navies were part of joint drills in a passage exercise (PASSEX) with Indian Air Force fighters being part of such an exercise for the first time.
● The Indian Navy deployed its warship Shivalik and long-range maritime patrol aircraft P81 in the 'PASSEX' exercise while the US Navy was represented by the USS Theodore Roosevelt carrier strike group.

The Consumer Protection Act, 2019 replaced the Consumer Protection Act, 1986.
● The Consumer Protection Act, 2019 includes establishment of the Central Consumer Protection Authority (CCPA) to promote, protect and enforce the rights of consumers.

The first online NISHTHA programme for 1200 Key Resources Persons of Andhra Pradesh was launched by Union HRD Minister Ramesh Pokhriyal 'Nishank' on 17 July 2020.
● Full form of NISHTHA: National Initiative for School Heads and Teachers Holistic Advancement.