Daily Current Affairs July 17

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July 17| Daily Current Affairs 2023

Important Days – Daily Current Affairs July 17

1. On which date is the World Day for International Justice celebrated?
A) June 26
B) July 17
C) August 8
D) September 21
E) October 24
Answer: B) July 17

• World Day for International Justice is celebrated on July 17 to respect the significant role played by The International Criminal Court and other organisations in serving justice to people who have been victims of a lot of crimes.
• It marks the anniversary of the adoption of the Rome Statute on 17 July 1998, the founding treaty of the ICC, which seeks to protect people from genocide, crimes against humanity, war crimes and the crime of aggression.

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Sports – Daily Current Affairs July 17

2. In the Asian Athletics Championships, which position did India secure in the overall medal tally?
A) 1st
B) 2nd
C) 3rd
D) 4th
E) 5th
Answer: C) 3rd

• India finished 3rd in the medal table at the Asian Athletics Championships 2023 with 27 medals, including 6 Golds. India finished behind Japan and China.
• It was held from 12 to 16 July 2023 in Bangkok, Thailand. It is the first time that Thailand hosted this event since 1973
• Japan topped the table with 37 medals, including 16 Golds
• Apart from six gold medals, India also won 12 silver and nine bronze medals.
• India won 13 medals on the final day of the championship which included eight silver and five bronze medals.
• Japan finished on top with 37 medals, including 16 Gold medals, while China finished second with 22 medals, including 8 Gold Medals.
• In other events, 23-year-old Yarraji, who had become the first Indian to win a 100m hurdles gold in the Asian Championships.
• Ace Indian long-distance runner Parul Chaudhary also won her second medal of the championships with a silver in 5000m. Chaudhary, who had won gold in 3000m steeplechase, clocked 15 minute 52.35 seconds to finish second behind Yuma Yamamoto (15:51.16) of Japan in the 5000m final.

India medal-winners at Asian Athletics Championships:

Gold (6)

• JyothiYarraji (100m hurdles) – 13.08s;
• Parul Chaudhary (3000m steeplechase) – 9:38.76;
• TajinderpalSInghToor (shot put) – 20.23m;
• Abdulla Aboobacker (Triple jump) – 16.92m;
• Ajay Kumar Saroj (1500m) – 3:41.51;
• Mixed Relay Team (4x400m) – 3:14.70;Mixed relay team – Rajesh Ramesh, Aishwarya
• Mishra, Amoj Jacob, SubhaVenkatesan;

Silver (12)

• JyothiYarraji (200m) – 23.13s;
• Chanda (800m) – 2:01.58;
• Parul Chaudhary (5000m) – 15:52.35;
• Priyanka Goswami (20km racewalk) – 1:34:24;
• Shaili Singh (long jump) – 6.54m;
• AbhaKhatua (Shot put) – 18.06m;
• Swapna Barman (Heptathlon) – 5840 points;
• DP Manu (Javelin) – 81.01m;
• M. Sreeshankar (long jump) – 8.37m;
• Sarvesh Anil Kushare (high jump) – 2.26m;
• Men’s relay Team (4×400) – 3:01.80; Relay team – Amoj Jacob, Muhammed Variyathodi, Rajesh Ramesh, Mijo Kurian;
• Krishan Kumar (800m) – 1:45.88;

Bronze (9)

• Manpreet Kaur (Shot put) – 17.00m;
• Women’s relay team (4x400m) – 3:33.73; Women’s relay team – RezoanaMallick,
• Aishwarya Mishra, Jyothika Sri Dandi, SubhaVenkatesan
• Ankita (5000m) – 16:03.33; Aishwarya Mishra (400m) – 53.07s;
• Tejaswin Shankar (Decathlon) – 7527 points;
• Santhosh Kumar (400m hurdles) – 49.09s;
• Vikash Singh (20km racewalk) – 1:29.32;
• Abhishek Pal (10000m) – 29:33.26;
• Gulveer Singh (5000m) – 13:48.33;

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Banking and Finance – Daily Current Affairs July 17

3. What is the name of the environmental initiative launched by Punjab National Bank (PNB)?
A) PNB Green Earth
B) PNB Eco-Friendly
C) PNB Sustainability Drive
D) PNB Palaash
E) PNB Green Initiative
Answer: D) PNB Palaash

• Punjab National Bank (PNB) announced the launch of its environmental initiative ‘PNB Palaash’, an eight-month period campaign to embrace sustainability.
• The campaign would lead to cost savings and operational efficiencies through measures such as energy and resource conservation, paper reduction, waste management and streamlined digital processes.
• Under this initiative, one lakh plus employees of PNB will plant minimum two saplings each.
• Some of the campaign themes under this project include digi branches, green data centres, electrical vehicle finance, green project finance, recycling camps, tree plantation drive, paper conservation drive, energy conservation olympiads, and paper conservation drives etc.
• The campaign is in line with the RBI’s vision of sustainable finance and the sixth iteration of Enhanced Access and Service Excellence (EASE 6.0), an initiative by the Department of Financial Services (DFS).

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4. Bajaj Markets, a subsidiary of Bajaj Finserv, has partnered with which insurance company to provide motor and health insurance plans to consumers?
A) HDFC Ergo General Insurance
B) ICICI Lombard General Insurance
C) SBI General Insurance Co. Ltd.
D) Max Bupa Health Insurance
E) Reliance General Insurance
Answer: C) SBI General Insurance Co. Ltd

• Bajaj Markets, a subsidiary of Bajaj Finserv, has joined hands with SBI General Insurance Co. Ltd. to offer consumers motor and health insurance plans.
• purchase SBI General Insurance policies starting at a nominal price of Rs. 53 with coverage options ranging up to Rs. 2 Crores
• A consumer can choose from a wide range of insurance products that offer substantial coverage for up to 3 years.
• Along with comprehensive protection, all these plans offer various benefits as shown below.

SBI General Health Insurance

1. Starting Premium: Rs. 53
2. What’s Covered:

1. 1. Cashless services at 20,000+ network hospitals
   2. Sum insured up to Rs. 2 Crores

SBI General Four-wheeler Insurance

1. Starting Premium: Rs. 2,094
2. What’s Covered:

1. 1. Personal Accident Cover up to Rs. 15 Lakhs
   2. Access to 5900+ network garages

SBI General Two-wheeler Insurance

1. Starting Premium: Rs. 457
2. What’s Covered:

1. 1. Third-party liability, own-damage, and comprehensive insurance
   2. Cashless repairs at 1000+ network garages

• Bajaj Markets, a subsidiary of Bajaj Finserv, and one of the fastest growing fintech in India, is a one-stop digital marketplace that offers multiple financial products across all categories – Loans, Cards, Insurance, Investments and Payments.

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5. IIFL Home Finance Ltd (IIFLHFL) has secured a $50 million loan from which organization?
A) International Monetary Fund (IMF)
B) World Bank
C) Asian Development Bank (ADB)
D) United Nations Development Programme (UNDP)
E) US International Development Finance Corporation (DFC)
Answer: E) US International Development Finance Corporation (DFC)

• Abu Dhabi Investment Authority (ADIA)-backed IIFL Home Finance has secured a $ 50 million loan from the U.S. International Development Finance Corporation (DFC), an agency of the United States.
• The housing finance company will utilise the borrowing to provide affordable home loans, with a particular emphasis on sustainable housing
• IIFL HFL focuses on catering to the financial needs of the Economically Weaker Sections (EWS) and Lower Income Groups (LIG) through its distribution network, including tier 3 and 4 cities in India.
• Additionally, IIFL HFL has facilitated subsidies totalling over Rs. 1,750 crore for more than 73,000 first-time homeowners who are beneficiaries of the Credit-Linked Subsidy Scheme (CLSS) under the Pradhan MantriAwasYojana (Urban), aligning with the Indian government’s mission of ‘Housing for All.’
• IIFL Home Finance Limited (IIFL HFL) is a subsidiary of IIFL Finance Limited, with a 79.59% shareholding, while Abu Dhabi Investment Authority acquired a 20.41% stake in the company in 2022.

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6. Which non-life insurer has been appointed as the lead insurer for West Bengal by the Insurance Regulatory and Development Authority of India (IRDAI)?
A) Cholamandalam MS Insurance
B) ICICI Lombard General Insurance
C) HDFC ERGO General Insurance
D) Bajaj Allianz General Insurance
E) Reliance General Insurance
Answer: A) Cholamandalam MS Insurance

• Non-life insurer Cholamandalam MS Insurance has been appointed lead insurer for West Bengal by the Insurance Regulatory and Development Authority of India (IRDAI).
• In this role, it will focus on various aspects of health protection, coverage against natural calamities, increasing employment opportunities for locals, and protecting MSME businesses through comprehensive insurance offerings
• A joint venture of the Murugappa Group and Mitsui Sumitomo Insurance Company Ltd, Japan, Chola MS Insurance has opened a 10,000 sqft state headquarters in Kolkata, which will serve as a hub, offering comprehensive insurance products and services to all subdivisions in West Bengal.

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7. Banque Saudi Fransi (BSF) has implemented which solution for payments provided by Tata Consultancy Services (TCS)?
A) TCS Financial Solutions
B) TCS Core Banking
C) TCS BaNCS for payments
D) TCS Risk Management
E) TCS Digital Transformation Suite
Answer: C) TCS BaNCS for payments

• Banque Saudi Fransi (BSF), one of Saudi Arabia’s largest banks, has implemented TCS BaNCS for payments, provided by Tata Consultancy Services (TCS).
• TCS BaNCS has centralised and standardised BSF’s domestic and international payments operations.
• Real-time transaction validation has increased straight-through-processing rates and transaction speeds.
• The microservices architecture of TCS BaNCS enables BSF to offer real-time payment services and scale its systems to handle high-transaction volumes.
• The solution provides ready-to-use APIs for integration with third-party providers, supporting BSF’s open banking strategy.

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Appointments – Daily Current Affairs July 17

8. Who has been appointed as a Member in the Board of International Financial Services Centre Authority (IFSCA) by the Finance Ministry?
A) Pramod Rao
B) Ajay Tyagi
C) VikramLimaye
D) Ajay Shah
E) G. Mahalingam
Answer: A) Pramod Rao

• Finance Ministry has appointed Pramod Rao, Executive Director, SEBI, as a Member in the Board of International Financial Services Centre Authority (IFSCA).
• Rao has replaced Sujit Prasad, Executive Director SEBI, who was appointed as a Member (representing SEBI) in IFSCA in July 2020.
• Rao took charge as SEBI Executive Director on July 15, 2022.
• Rao held the position of Group General Counsel at ICICI Bank and provided strategic oversight to the legal function for the ICICI Group.
• Earlier, he had served as a Member of the Board of Directors of ICICI Securities Ltd, ICICI Prudential Trust Ltd and ICICI Trusteeship Services Ltd
• The IFSCA is a statutory authority established under the International Financial Services Centres Authority Act, 2019 with a mandate to develop and regulate the financial products, financial services, and financial institutions in the International Financial Services Centres (IFSC).
• Currently, GIFT City in Gujarat is India’s first and only operational IFSC.

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9. RBI has approved the re-appointment of whom as the Managing Director (MD) and Chief Executive Officer (CEO) of KarurVysya Bank?
A) Ramesh Babu
B) Srinivasan A.R.
C) P. R. Seshadri
D) N. S. Srinath
E) K. Venkataraman
Answer: A) Ramesh Babu

• Reserve Bank of India approved the re-appointment of Shri B Ramesh Babu Managing Director and CEO of the KarurVysya Bankfor second term of three years with effect from July 29, 2023.
• Prior to joining the bank as MD & CEO, he was Ex-Deputy Managing Director & Chief Operating Officer in State Bank of India

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Awards – Daily Current Affairs July 17

10. NTPC has been honored with the prestigious Economic Times (ET) HR World Future Skills Awards 2023 in which categories?
A) Best Leadership Development Program and Best Employee Engagement Initiative
B) Best Diversity and Inclusion Program and Best Talent Acquisition Strategy
C) Best Employee Wellbeing Program and Best Performance Management System
D) Best use of AI/AR/VR in Learning and Upskilling and Best Advance in Creating an Extended Enterprise Learning Programme
E) Best Employer Branding Strategy and Best Compensation and Benefits Program
Answer: D) Best use of AI/AR/VR in Learning and Upskilling and Best Advance in Creating an Extended Enterprise Learning Programme

• NTPC has received the prestigious Economic Times (ET) HR World Future Skills Awards 2023 for “Best use of AI/AR/VR in Learning and Upskilling” and “Best Advance in Creating an Extended Enterprise Learning Programme”.
• Director (HR), NTPC, Shri Dillip Kumar Patel received the awards on behalf of NTPC at a programme held in Gurugram.
• These awards bear testimony to NTPC’s focus on the adoption of cutting-edge technologies such as virtual reality (VR) in Learning and Development (L&D).
• In addition, NTPC has also introduced several other innovative training initiatives such as GPiLearn, FutureSkills courses and Samarth modules.

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11. Jammu and Kashmir Rural Livelihoods Mission has won which award under the “State of Governance India 2047” category?
A) Platinum category
B) Gold category
C) Silver category
D) Bronze category
E) Diamond category
Answer: B) Gold category

• The Jammu and Kashmir Rural Livelihoods Mission (JKRLM) has bagged the SKOCH Award under the theme “State of Governance India 2047” in Gold category for its outstanding efforts in creating marketing avenues for Self-Help Groups (SHGs) in the Union Territory.
• The SKOCH award marks a significant milestone for JKRLM, being the first award received since the inception of the scheme.
• This recognition represents a remarkable accomplishment for the organization.
• The JKRLM has introduced several groundbreaking initiatives that have transformed the lives of countless women associated with Self Help Groups.
• The AVSAR scheme, Umeed Women’s Haat, and District Rural Haat, SHG products available on e-commerce platforms are prime examples of these initiatives, which have not only provided a platform for SHGs to showcase their products but have also opened up new marketing avenues for them.

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Science and Technology – Daily Current Affairs July 17

12. Which two organizations have joined hands to develop nuclear engines for rockets?
A) ISRO and DRDO
B) ISRO and BARC
C) BARC and NASA
D) ISRO and SpaceX
E) BARC and ESA
Answer: B) ISRO and BARC

• India’s space agency, ISRO, is jointly developing a nuclear-powered engine along with Bhabha Atomic Research Center (BARC)
• ISRO-BARC are developing what are called Radio thermoelectric generators (RTGs).
• The RTGs use radioactive materials, such as Plutonium-238 or Strontium-90, which release heat as they decay.
• Essentially, the engine contains two parts—the radioisotope heater unit (RHU) which generates heat, and the RTG, which converts the heat into electricity.
• US spacecrafts such as the Voyager, Cassini and Curiosity have been powered by RTGs.

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International Affairs – Daily Current Affairs July 17

13. How much did India contribute to promote the Hindi language at the United Nations?
A) USD 100,000
B) USD 500,000
C) USD 750,000
D) USD 1,000,000
E) USD 1,500,000
Answer: D) USD 1,000,000

• India has contributed USD 1,000,000 to the United Nations as part of the initiative to promote the usage of the Hindi language at the global organisation.
• India’s Permanent Representative to the UN, Ruchira Kamboj handed over a cheque to Melissa Fleming, Under Secretary General of the United Nations Department of Global Communications towards the expansion of usage of the Hindi language in the United Nations.
• Hindi@UN project, in collaboration with the UN Department of Public Information of the UN, was launched in 2018, with the objective to enhance the public outreach of the United Nations in the Hindi language, and to spread greater awareness about global issues among millions of Hindi-speaking people around the world.

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National Affairs – Daily Current Affairs July 17

14. Which organization implemented the Advance Authorisation Scheme under the Foreign Trade Policy?
A) Reserve Bank of India (RBI)
B) Ministry of Finance
C) Directorate General of Foreign Trade (DGFT)
D) Securities and Exchange Board of India (SEBI)
E) Ministry of Commerce and Industry
Answer: C) Directorate General of Foreign Trade (DGFT)

• Directorate General of Foreign Trade (DGFT) implements the Advance Authorisation Scheme under the Foreign Trade Policy, which allows duty-free import of inputs for export purposes.
• The eligibility of inputs is determined by Sector-specific Norms Committees based on input-output norms.
• To make the norms fixation process more efficient, the DGFT has created a user-friendly and searchable database of Ad-hoc Norms fixed in the previous years.
• These norms can be used by any exporter without requiring a Norms Committee review as outlined in the Foreign Trade Policy 2023.
• The database is hosted on the DGFT Website (https://dgft.gov.in) and allows users to search using Export or Import Item Description, Technical Characteristics, or Indian Tariff Classification ITC (HS) codes.

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15. Which two organizations signed a Memorandum of Understanding (MoU) to enhance the Pradhan MantriFasalBimaYojana (PMFBY) and support the resilience of farmers in India?
A) United Nations Development Programme (UNDP) and World Bank
B) United Nations Development Programme (UNDP) and International Monetary Fund (IMF)
C) United Nations Development Programme (UNDP) and Asian Development Bank (ADB)
D) United Nations Development Programme (UNDP) and Absolute®
E) United Nations Development Programme (UNDP) and Food and Agriculture Organization (FAO)
Answer: D) United Nations Development Programme (UNDP) and Absolute®

• United Nations Development Programme (UNDP) and Absolute, a leading bioscience company, signed a Memorandum of Understanding (MoU) to strengthen the government of India’s flagship Pradhan MantriFasalBimaYojana (PMFBY) and enhance the resilience of the farmers.
• PMFBY, or Prime Minister’s Crop Insurance Scheme, offers risk protection by providing financial support to farmers suffering crop loss/damage arising out of these unforeseen events, thus stabilizing their income, encouraging them to adopt innovative and modern agricultural practices and ensuring the flow of credit to the agriculture sector for food security, crop diversification and enhancing growth and competitiveness of agriculture sector.
• The partnership between UNDP India and Absolute® aims to enhance the implementation of the PMFBY and the Restructured Weather Based Crop Insurance Scheme (RWBCIS) by building technical capabilities of the scheme and digitalising service delivery of crop insurance and agricultural credit processes to increase reach and uptake of the schemes.

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16. How much worth of orders has Ashok Leyland secured from the Indian Army?
A) Rs 200 crore
B) Rs 400 crore
C) Rs 600 crore
D) Rs 800 crore
E) Rs 1,000 crore
Answer: D) Rs 800 crore

• Commercial vehicle maker Ashok Leyland has bagged orders worth Rs 800 crore from the Indian Army.
• The contracts awarded also include the procurement of the Field Artillery Tractor (FAT 4×4) and the Gun Towing Vehicle (GTV 6×6).
• The vehicles will be delivered over the next 12 months to meet the requirements of the Indian Army.
• The FAT 4×4 and GTV 6×6 are specialised vehicles employed by the artillery for towing light and medium guns, respectively.
• Ashok Leyland has invested in development of mobility platforms ranging from 4×4, 6×6, 8×8, 10×10 & 12×12 for various applications and operational requirements of the Indian Armed Forces.

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17. Which group has commissioned India’s first transnational power project to supply electricity to Bangladesh?
A) Tata Group
B) Reliance Industries
C) Adani Group
D) Mahindra Group
E) Birla Group
Answer: C) Adani Group

• Adani Group Chairman Gautam Adani called on Bangladesh Prime Minister Sheikh Hasina in Dhaka following the full load commencement of power supply to Bangladesh from the 1600 MW Ultra Super-Critical Thermal Power Plant (USCTPP) at Godda in Jharkhand.
• The Godda USCTPP, which marks the Adani Group’s entry into transnational power projects, is India’s first commissioned transnational power project where 100 per cent of the generated power is supplied to another nation.
• Adani Power Jharkhand Limited (APJL), a wholly-owned subsidiary of Adani Power Limited, completed the dependable capacity test for the Godda plant on July 12.
• On April 6, the first unit of 800 MW capacity of the Godda plant, in Jharkhand, began commercial operations.
• The second unit, also of 800 MW capacity, followed on June 26.
• The APJL will supply 1,496 MW from the Godda USCTPP under the PPA with the Bangladesh Power Development Board, executed in November 2017 for a period of 25 years, via a 400 KV dedicated transmission system connected to the Bangladesh grid.
• The USCTPP’s commissioning in a record time of just 42 months after achieving financial closure and obtaining the necessary clearances is noteworthy given the logistical challenges the project encompassed, including the establishment of a 105 km-long 400 kV double circuit transmission line, the construction of a private railway line and the implementation of an extensive water pipeline from the Ganges.
• The Godda power plant is the first in India to have started operations with 100 per cent flue gas desulphurization (FGD), selective catalytic reconverter (SCR) and zero water discharge for minimising emissions and for environment-friendly operations in alignment with the norms set by the Union Ministry of Environment, Forests and Climate Change

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18. Which organization has launched the National Multidimensional Poverty Index?
A) UNDP
B) UNICEF
C) NHPC
D) NTPC
E) NitiAayog
Answer: E) NitiAayog

• A record 13.5 crore people moved out of multidimensional poverty between 2015-16 and 2019-21 as per NITI Aayog’s Report ‘National Multidimensional Poverty Index: A Progress Review 2023’.
• The Report was released by Shri Suman Bery, Vice-Chairman, NITI Aayog, in the presence of Members of NITI AayogDr. V K. Paul and Dr. Arvind Virmani, and Shri B. V. R. Subrahmanyam, CEO NITI Aayog.
• Based on the latest National Family Heath Survey [NFHS-5 (2019-21)], this second edition of the National Multidimensional Poverty Index (MPI) represents India’s progress in reducing multidimensional poverty between the two surveys, NFHS-4 (2015-16) and NFHS-5 (2019-21).
• It builds on the Baseline Report of India’s National MPI launched in November 2021. The broad methodology followed is in consonance with the global methodology.
• The National MPI measures simultaneous deprivations across the three equally weighted dimensions of health, education, and standard of living that are represented by 12 SDG-aligned indicators.
• These include nutrition, child and adolescent mortality, maternal health, years of schooling, school attendance, cooking fuel, sanitation, drinking water, electricity, housing, assets, and bank accounts. Marked improvement is witnessed across all the 12 indicators.
• According to the Report, India has registered a significant decline of 9.89 percentage points in number of India’s multidimensionally poor from 24.85% in 2015-16 to 14.96% in 2019-2021.
• The rural areas witnessed the fastest decline in poverty from 32.59% to 19.28%. During the same period, the urban areas saw a reduction in poverty from 8.65% to 5.27%.
• Uttar Pradesh registered the largest decline in number of poor with 3.43 crore people escaping multidimensional poverty.
• Providing multidimensional poverty estimates for the 36 States and Union Territories and 707 Administrative Districts, the Report states that the fastest reduction in the proportion of multidimensional poor was observed in the States of Uttar Pradesh, Bihar, Madhya Pradesh, Odisha, and Rajasthan.
• Between 2015-16 and 2019-21, the MPI value has nearly halved from 0.117 to 0.066 and the intensity of poverty has reduced from 47% to 44%, thereby setting India on the path of achieving the SDG Target 1.2 (of reducing multidimensional poverty by at least half) much ahead of the stipulated timeline of 2030.
• It demonstrates the Government’s strategic focus on ensuring sustainable and equitable development and eradicating poverty by 2030, thereby adhering to its commitment towards the SDGs.

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19. Where did the third G20 Sherpas meeting conclude?
A) Mumbai, Maharashtra
B) Jaipur, Rajasthan
C) Hampi, Karnataka
D) Varanasi, Uttar Pradesh
E) Kochi, Kerala
Answer: C) Hampi, Karnataka

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