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- Name the large-scale strike corps exercise conducted by the Indian Army in the Union Territory (UT) of Ladakh in August 2024.
1) Poorvi Lehar
2) Parvat Prahaar
3) Gagan Strike-II
4) Cyber Suraksha
5) Red FlagAnswer-2) Parvat Prahaar
Explanation:
The Indian Army conducted ‘Parvat Prahaar‘ (Mountain Strike), a large-scale strike corps exercise, in the Union Territory (UT) of Ladakh. The strategic military exercise focused on high-altitude warfare and operations, involving various military units and equipment to maintain readiness near the India-China border.
The exercise assisted the Indian Army to validate new warfighting concepts and technology integration. The Strike Corps, attached to the Northern Command, is focused on developing high-altitude warfare and operations.
This fortnight’s exercise emphasises mountainous and rugged terrains, such as those found in regions like Eastern Ladakh. - Which bank has recently (in August ‘24) unveiled its Golden Circle program for Senior Citizens?
1) Citibank
2) Standard Chartered Bank
3) BNP Paribas
4) HSBC India
5) DBS Bank IndiaAnswer-5) DBS Bank India
Explanation:
DBS Bank India Limited (DBIL) has unveiled the ‘DBS Golden Circle‘, a priority banking program for senior citizens, ensuring convenient, and secure banking. This program offers numerous exclusive benefits and services for resident Indian citizens aged 60 years and above, to address income security.
Senior citizens enrolled in this program can earn competitive interest rates of up to 7% per annum on savings account balances above Rs 4 lakhs and up to Rs 5 lakhs.
This program offers cyber insurance coverage of up to Rs 1,00,000 to enhance security. - Which company has recently (in August ‘24) received the Certificate of Registration (CoR) from the Reserve Bank of India (RBI) for NBFC Investment and Credit Company (NBFC-ICC)?
1) Muthoot Microfin Limited
2) IIFL Finance Limited
3) L&T Finance Limited
4) Srei Infrastructure Finance Limited
5) Piramal Capital and Housing FinanceAnswer-3) L&T Finance Limited
Explanation:
L&T Finance Limited, a subsidiary of Larsen & Toubro(L&T) Ltd, one of the leading Non-Banking Financial Companies (NBFCs) in India, received its Certificate of Registration (CoR) from the Reserve Bank of India (RBI), as an NBFC Investment and Credit Company(NBFC-ICC). It was earlier registered as an NBFC-Core Investment Company (CIC).
This conversion follows the amalgamation of the wholly owned subsidiaries of the company, L&T Finance Limited, L&T Infra Credit Limited, and L&T Mutual Fund Trustee Limited.
In 2019, the RBI consolidated 3 separate categories of NBFCs, a Asset Finance Companies (AFC), Loan Companies (LCs) and Investment Companies (ICs) into a single unified category known as NBFC-ICC.
As of current regulations, NBFC-ICCs are required to have a minimum Net Owned Fund (NOF) of Rs 2 crore - What was the Reserve Bank of India’s (RBI) rank in the Sovereign Wealth Fund Institute’s (SWFI) top 100 largest central banking ranking by total assets in the world in 2024?
1) 12th
2) 5th
3) 8th
4) 4th
5) 9thAnswer-1) 12th
Explanation:
According to the Sovereign Wealth Fund Institute’s (SWFI), Top 100 Largest Central Bank Rankings by Total Assets in the World in 2024, India’s Central Bank, the Reserve Bank of India (RBI) ranked 12th globally with a current total assets of USD 839 Billion. The RBI registered a balance sheet growth of 11.08% Year-on-Year (Y-o-Y) to Rs 70.47 trillion as of March 2024.
The Federal Reserve System (FRS), the central bank of the United States of America (USA) topped the list, boasting assets worth USD 7.84 trillion.
It is followed by China’s People’s Bank of China (PBC) in the 2nd place, with USD 6 trillion, and Japan’s Bank of Japan (BOJ) in the 3rd, with USD 5.54 trillion. - Which bank has recently (in August ‘24) partnered with Setu, owned by Pine Labs, to introduce India’s first Unified Payments Interface (UPI)-focused payments platform named ‘UPI-Setu’?
1) State Bank of India
2) ICICI Bank
3) Bank of Baroda
4) HDFC Bank
5) Axis BankAnswer-5) Axis Bank
Explanation:
Pine Labs-owned Setu, an Application Programming Interface (API) infrastructure provider has introduced UPI-Setu, India’s first Unified Payments Interface (UPI)-focused payments platform for businesses and developers in partnership with Axis Bank Limited, Mumbai, Maharashtra.
i.It facilitates a wide range of UPI products, such as Third-Party Validation(TPV) services, Equated Monthly Instalments (EMIs), UPI Autopay, and basic Quick Response (QR) code payments.
ii.It has features like enhanced dispute resolution, instant cashback and refunds, bank and brand offers, and instant cashback that are all offered by APIs. - Who has been recently (in August ‘24) appointed as the Chairman of the State Bank of India(SBI)?
1) Rana Ashutosh Kumar Singh
2) Ajith Kumar KK
3) Challa Sreenivasulu Setty
4) Amitabh Singh Chaudhry
5) Manoj MittalAnswer-3) Challa Sreenivasulu Setty
Explanation:
On 6th August 2024, the Appointments Committee of the Cabinet (ACC) approved the appointment of Challa Sreenivasulu Setty (CS Setty)(59 years old) as new Chairman of the State Bank of India (SBI), India’s largest Public Sector Bank (PSB), for a 3 year term with effect from the date he assumes office, on or after 28th August 2024.
He is currently serving as one of the Managing Directors (MDs) of SBI.
He will succeed the current chairman Dinesh Khara, whose term is set to retire on 28th August 2024 on attaining the age of 63 (the upper age limit for the post of SBI’s chairman).
The ACC has also approved the appointment of Rana Ashutosh Kumar Singh as the MD of SBI. He is currently serving as the Deputy MD (Retail-Personal Banking and Real Estate), SBI. - When was Quit India Movement Day annually observed across India to commemorate the launch of the Quit India Movement in 1942?
1) April 8
2) May 8
3) June 8
4) August 8
5) July 8Answer-4) August 8
Explanation:
The Quit India Movement Day, also known as August Kranti Day, is annually observed across India on 8th August to commemorate the launch of the Quit India Movement in 1942, a significant movement in India’s struggle for independence from British colonial rule, demanding the immediate withdrawal of British forces.
The day underscores the power of non-violent resistance and civil disobedience in achieving social and political change, highlighting democracy, freedom, and unity.
8 August 2024 marks the 82nd anniversary of the Quit India Movement Day.Click here to read more - Which institute has recently (in August ‘24) partnered with the Defence Research and Development Organisation (DRDO) to develop energy-harvesting shoes with Global Positioning System (GPS) tracking?
1) IIT Indore
2) IIT Bombay
3) IIT Kanpur
4) IIT Hyderabad
5) IIT MadrasAnswer-1) IIT Indore
Explanation:
The Indian Institute of Technology (IIT) Indore, Madhya Pradesh(MP) in partnership with the Defence Research and Development Organisation (DRDO) under the Ministry of Defence (MoD), has developed energy-harvesting shoes with Global Positioning System (GPS) tracking.
These shoes are specifically designed for soldiers which are equipped with a technology that can generate electricity and can track the real-time location of the wearer.
The 1st batch of 10 pairs of these shoes was already supplied by IIT Indore to the units of DRDO.
These shoes are made under the guidance of Professor IA Palani, faculty at IIT Indore. It is based on Tribo-Electric Nanogenerator (TENG) technology that can generate electricity with every step. - Who has been recently (in August ‘24) appointed as the Prime Minister of Tunisia, succeeding Ahmed Hachani?
1) Ousmane Sonko
2) Judith Suminwa Tuluka
3) Bjarni Benediktsson
4) Kamel Madouri
5) Kais SaiedAnswer-4) Kamel Madouri
Explanation:
Kais Saied, President of Tunisia, has appointed Kamel Madouri as the New Prime Minister (PM) of Tunisia succeeding Ahmed Hachani, who was dismissed by the President without explanation on 7th August 2024.
Kamel Madouri has been serving as the Minister of Social Affairs since May 2024.
Ahmed Hachani took office as PM in August 2023 by replacing Najla Bouden (PM 2021-23), who was also dismissed by President Saied. - Name the new flowering plant species of Kandil Pushpa that was recently (in August ‘24) discovered near Vishalgarh Fort in Maharashtra.
1) Peucetia chhaparajnirvin
2) Emblica chakrabartyi
3) Oedocladium sahyadricum
4) Ceropegia Shivarayina
5) Ligdus GarvaleAnswer-4) Ceropegia Shivarayina
Explanation:
A team of researchers have discovered new flowering plant species of Kandil Pushpa named ‘Ceropegia Shivarayina’ at Vishalgarh fort in Kolhapur district, Maharashtra. The research findings were published in Phytotaxa, an international journal published from New Zealand.
The species is named after Chhatrapati Shivaji Maharaj, an Indian king and founder of the Maratha Empire. It is the first time a plant species has been named after Shivaji Maharaj.
Ceropegia Shivarayina belongs to the Kandil flower class, genus Ceropegia and family Apocynaceae.
Kandil Pushpa is a vine-like plant belonging to the Ceropegia group.
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