AffairsCloud brings you the complete and important daily Current Affairs Quiz 23 August 2023 to achieve more marks in Banking, Insurance, UPSC, SSC, CLAT, Railways and all other competitive Exams. We have prepared the current affairs quiz question from our daily current affairs 2023 updates.
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- Which of the following points is/are “correct” with respect to the initiatives by the Ministry of Science & Technology (MoST) in August 2023?
A) Union Minister of State (Independent Charge) of Science & Technology Dr Jitendra Singh unveiled “NBRI Namoh 108”, a unique variety of Lotus (Nelumbo nucifera) with 108 petals, in Lucknow, Uttar Pradesh(UP).
B) NBRI Namoh 108 was developed by the Council of Scientific & Industrial Research- National Botanical Research Institute (CSIR-NBRI), Lucknow, UP.
C) The Union Minister also introduced ‘NBRI-Nihar,’ a new Aloe vera variant with about 2.5 times greater gel yield compared to traditional Aloe vera.
1) All A, B & C
2) Only A & B
3) Only B & C
4) Only A & C
5) Only AAnswer-1) All A, B & C
Explanation:
On August 19, 2023, Union Minister of State (Independent Charge) Dr Jitendra Singh, Ministry of Science & Technology (MoST), unveiled “NBRI Namoh 108”, a unique variety of Lotus (Nelumbo nucifera) with 108 petals, in Lucknow, Uttar Pradesh(UP).
NBRI Namoh 108 was developed by the Council of Scientific & Industrial Research- National Botanical Research Institute (CSIR-NBRI), Lucknow(UP)-based institute of national importance which engaged in research in the classical botanical disciplines.
• This is the first lotus variety whose genome is completely sequenced for its characteristics & it will be registered as the official lotus variety out of India.
• The MoST Minister also introduced apparel made from lotus fibre and perfume ‘Frotus’. The perfume is extracted from lotus flowers and was developed by the NBRI under the Lotus Research Programme in collaboration with Fragrance & Flavour Development Centre (FFDC), Kannauj, UP.
• The Minister also introduced ‘NBRI-Nihar,’ a new Aloe vera variant with about 2.5 times greater gel yield compared to traditional Aloe vera. It has strong resistance to bacterial and fungal diseases. - In August 2023, the Central Board for Direct Tax (CBDT) notified the Income Tax Amendment (Sixteenth Amendment), Rules, 2023, prescribing the 11UACA rule for calculating income from maturity of life insurance policies issued after April 1, 2023, with the amount of premiums exceeding Rs ____________ .
1) 4 lakh
2) 6 lakh
3) 5 lakh
4) 2 lakh
5) 3 lakhAnswer-3) 5 lakh
Explanation:
The Central Board for Direct Tax (CBDT) under Department Of Revenue in Ministry of Finance has notified the Income Tax Amendment (Sixteenth Amendment), Rules, 2023, prescribing rule 11UACA for calculating income with respect to sum received upon maturity of life insurance policies wherein the amount of premiums exceed Rs 5 lakh and such policy/policies are issued on or after April 1, 2023.
i. Amendment:
• If the annual total premium paid does not surpass Rs. 5 lakhs, life insurance policies issued post 1 April 2023 will qualify for tax exemption on maturity benefits under Section 10(10D) of the Income Tax Act, 1961.
• However, policies with premiums surpassing the sum of Rs. 5 lakhs will have their maturity proceeds integrated into the policyholder’s income and will be subject to the relevant income tax rates.
ii. Presently, Section 10(10D) of the Income Tax Act, 1961 offers an exclusion from income tax for sums obtained from a life insurance policy, encompassing bonus allotments, subject to certain outlined criteria. - In August 2023, ______________ became the first private life insurance company in India to provide 24X7 inbound contact centre.
1) Exide Life Insurance
2) Max Life Insurance
3) HDFC Life Insurance
4) IndiaFirst Life Insurance
5) SBI Life InsuranceAnswer-5) SBI Life Insurance
Explanation:
State Bank of India (SBI) Life Insurance became the first private life insurance company in India to provide 24X7 inbound contact centre via toll-free number 18002679090 to address before and after purchase queries with the aim to offer real time solutions to queries related to policies and insurance solutions.
i. The contact centre is available to both existing and new consumers, throughout the year.
ii. This is aligned with the goal of ‘Insurance for all by 2047’ set by Insurance Regulatory and Development Authority of India (IRDAI). - Name the personality who has been recently (in August ‘23) honoured with the ‘Udyog Ratna Award’ in the 1st Maharashtra Industry Awards 2023.
1) Gautam Adani
2) Ratan Tata
3) Adar Poonawalla
4) Mukesh Ambani
5) Ajit PawarAnswer-2) Ratan Tata
Explanation:
Padma Awardee and former Chairman of Tata Sons, Ratan Tata was honoured with the first-ever ‘Udyog Ratna Award’ for his outstanding contribution to Maharashtra’s industrial development. The Udyog Ratna Award is one of the category awards presented in the 1st Maharashtra Industry Awards 2023, instituted by the Maharashtra government.
• The award was presented to Ratan Tata by Eknath Shinde, Chief Minister (CM) of Maharashtra, and Devendra Fadnavis and Ajit Pawar, Deputy CMs at Ratan Tata’s home in Colaba in south Mumbai,Maharashtra.
i. Apart from Udyog Ratna Award, there were other 3 awards presented in the ceremony namely
• Udyog Mitra Award (Young Entrepreneur Award) – Adar Poonawalla, CEO of Serum Institute of India was honoured with the Udyog Mitra Award
• Udyogini Award (Best Women Entrepreneur) – Gauri Kirloskar of Kirloskar Group was honoured with this award
• Utkrusht Marathi Udyojak Award (Outstanding Marathi Entrepreneur) -Vilas Shinde, Chairman and MD (CMD) of Sahyadri Farms was honoured with this award - Who has been recently (in August ‘23) appointed as the brand ambassador of Bharat Petroleum Corporation Ltd (BPCL)?
1) Sunil Manohar Gavaskar
2) Krishnamachari Srikkanth
3) Rahul Dravid
4) Yuvraj Singh
5) Ravishankar Jayadritha ShastriAnswer-– 3) Rahul Dravid
Explanation:
Bharat Petroleum Corporation Ltd. (BPCL), a Maharatna Public Sector Undertaking (PSU) under the Ministry of Petroleum and Natural Gas (MoP&NG), has named Rahul Dravid, Former Indian Cricketer and the current Head Coach of Indian Cricket Team, as its new brand ambassador.
i. Rahul Dravid will represent BPCL’s ‘Pure for Sure’ initiative and its range of MAK lubricants, and his association with BPCL will serve to emphasise BPCL’s promise of quality and dependability to consumers across India. - In August 2023, César Bernardo Arévalo de León won the presidential election of ________________ (country).In August 2023, César Bernardo Arévalo de León won the presidential election of ________________ (country).
1) Venezuela
2) Ecuador
3) Honduras
4) Nicaragua
5) GuatemalaAnswer-5) Guatemala
Explanation:
César Bernardo Arévalo de León, an anti-corruption candidate, won Guatemala’s presidential election. He secured 58% of votes against his opponent, the former first lady (2008 to 2011) Sandra Torres, of the National Unity of Hope who secured 37%.
i. Arevalo will succeed the current President Alejandro Giammattei, a leader of the right-wing party Vamos.
ii. He will be sworn in on 14th January 2024. - Who has been recently (in August ‘23) appointed as the Part-time Chairman of the Unique Identification Authority of India (UIDAI)?
1) Amit Agrawal
2) Neelkanth Mishra
3) Rajesh Kumar
4) Satyanarayana
5) Atul Kumar ChaudharyAnswer-2) Neelkanth Mishra
Explanation:
Neelkanth Mishra has been appointed as the Part-time Chairman of the Unique Identification Authority of India (UIDAI). He has been serving as the Chief Economist at Axis Bank Limited and Head of Global Research at Axis Capital Limited since May 2023.
i. The Chairman post was vacant for almost 4 years. Previously, J. Satyanarayana served as the part-time Chairman of UIDAI from July 12, 2016, to April 15, 2019.
ii. He will be the second non-bureaucrat after Nandan Nilekani (2009 to 2014) to chair UIADI. - Name the country that has recently (in August ‘23) launched a new Earth observation satellite, ‘Gaofen-12 04’ by a Long March-4C carrier rocket.
1) China
2) Japan
3) Russia
4) Israel
5) United Arab EmiratesAnswer-1) China
Explanation:
China has launched a new Earth observation satellite, named Gaofen-12 04, atop a Long March-4C carrier rocket, into space from the Jiuquan Satellite Launch Center in Northwest China.
i. The satellite has been positioned in the designated orbit around the Earth as originally intended for its mission.
ii. This launch represents the 484th flight mission of the Long March series carrier rockets. - Which of the following points is/are “correct” with respect to the World Under-20 Wrestling Championships 2023 held in Amman, Jordan in August 2023?
A) India wrestlers won a total of 14 medals (4 golds, 3 silver and 7 bronze) in the World Under-20 Wrestling Championships 2023.
B) India also claimed its first women’s team title at the World Under-20 Wrestling Championships 2023 with seven medals (3 gold, 1 silver and 3 bronze).
C) Antim Panghal won the Gold Medal in Women’s 53kg event & Mohit Kumar won the Gold medal in the 61kg freestyle category (Men’s).
1) Only A
2) Only A & B
3) Only B & C
4) Only A & C
5) All A, B & CAnswer-5) All A, B & C
Explanation:
India wrestlers won a total of 14 medals (4 golds, 3 silver and 7 bronze) in the World Under-20 Wrestling Championships 2023 held in Amman, Jordan from 14th to 20th August 2023.
i. India also claimed its first women’s team title at the World Under-20 Wrestling Championships 2023 with seven medals(3 gold, 1 silver and 3 bronze).
ii. The 19-year-old Antim Panghal from Haryana won the gold in Women’s 53kg event defeating Mariia Yefremova of Ukraine .
• She is the first Indian woman to become an Under-20 (U-20) wrestling world champion in Sofia, Bulgaria in 2022.
• She became the first Indian woman wrestler to win two U-20 world championships.
iii. Priya Malik won the gold in women’s 76 kg category by defeating Laura Celine Kuehn of Germany.
iv. Mohit Kumar became the U-20 world champion in the 61kg freestyle category (Men’s) by defeating Eldar Akhmadudinov of Russia. - What was the theme of World Water Week 2023 that was observed across the globe on 20th to 24th August 2023?
1) Water and Climate Change
2) Building Resilience Faster
3) Seeds of Change: Innovative Solutions for a Water-Wise World
4) Seeing the Unseen: The Value of Water
5) Leaving no one behindAnswer-3) Seeds of Change: Innovative Solutions for a Water-Wise World
Explanation:
World Water Week is annually observed across the globe during the last week of August with an aim to examine the pivotal role of water in addressing several pressing global challenges such as water crisis, global warming, biodiversity loss, and so on.
i. World Water Week 2023 takes place from 20-24 August 2023 with the theme of “Seeds of Change: Innovative Solutions for a Water-Wise World”.
ii. World Water Week is annually organised by the Stockholm International Water Institute (SIWI).
- Which of the following points is/are “correct” with respect to the initiatives by the Ministry of Science & Technology (MoST) in August 2023?
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