AffairsCloud brings you the complete and important daily Current Affairs Quiz 10,11 & 12 August 2024 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 2024 updates.
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- Which organisation has recently (in August 2024) signed an MoU with the Indian Sign Language Research and Training Centre (ISLRTC) to promote Indian Sign Language (ISL)?
1) Coca-Cola India Foundation
2) Army Welfare Education Society
3) Reliance Foundation
4) National Book Trust
5) National Programme on Technology Enhanced LearningAnswer-2) Army Welfare Education Society
Explanation:
On 8th August 2024, The Indian Sign Language Research and Training Centre (ISLRTC) signed a Memorandum of Understanding (MoU) with the Army Welfare Education Society (AWES) to promote Indian Sign Language (ISL) and create more accessible and supportive learning environment for students who are deaf or hard of hearing.
This partnership aims to train school administrators, students, parents, and teachers to promote ISL, with a focus on improving sign language skills among Army Public Schools (APS) faculty.
This also aims to expand the scope and efficacy of ISL initiatives and contribute to the empowerment and integration of the Deaf community with this collaboration - Name the self-regulatory body that was recently (in August 2024) established by the Indian gold sector for the first time.
1) Gem and Jewellery Export Promotion Council
2) Indian Bullion and Jewellers Association
3) Jewellers Association of India
4) Indian Association for Gold Excellence and Standards
5) All India Gem and Jewellery Domestic CouncilAnswer-4) Indian Association for Gold Excellence and Standards
Explanation:
The Indian Gold sector with the support of the World Gold Council (WGC) established 1st self-regulatory body named, the Indian Association for Gold Excellence and Standards (IAGES) in order to boost consumer trust.
Aim: To promote fair, transparent and sustainable practices in the bullion industry.
IAGES will cover the whole value chain of gold industry i.e. from bullion trade, refinery, and trading to manufacturing, retailing, and digital platforms. - According to the World Trade Organization’s (WTO) report titled “World Trade Statistical Review 2023,” India was ranked ______ in global agriculture exports in 2023, with an export value of USD 51 billion.
1) 2nd
2) 8th
3) 10th
4) 6th
5) 4thAnswer-2) 8th
Explanation:
According to the World Trade Organization(WTO)’s report titled “World Trade Statistical Review 2023”, India has retained its position as the world’s 8th largest exporter of agricultural products in 2023, despite a decline in its export from USD 55 billion in 2022 to USD 51 billion in 2023.
The European Union(EU) ranked 1st with export value of USD 836 billion followed by the United States of America (USA) at 2nd (198 billion) and Brazil at 3rd (USD 157 billion).
It is a new interactive tool which presents the key data and trends for international merchandise and commercial services trade in 2023.
Top 10 Exporters of Agricultural Products includes China (USD 95 billion); Canada (USD 88 billion); Indonesia (USD 59 billion); Thailand (USD 53 billion); India (USD 51 billion); Mexico (USD 50 billion) and Australia (USD 50 billion). - In August 2024, the Government of India (GoI) relaxed the ________rules for real estate, allowing property owners to choose between a 20% tax rate with indexation benefits or a reduced 12.5% tax rate without indexation.
1) Securities Transaction
2) Dividend Distribution
3) Long Term Capital Gains
4) Central Excise and Custom Duty
5) Short-term capital GainsAnswer-3) Long Term Capital Gains
Explanation:
On 6th August 2024, the Government of India (GoI) announced that it has relaxed Long Term Capital Gains (LTCG) Rules on real estate which will provide relief to property owners in India.
Now property owners will have the option to choose between two tax rates either a 20% rate with indexation benefits, or a 12.5% rate without indexation for properties purchased before July 23, 2024 to ensure lower tax ability.
Indexation is a method used to adjust the capital gains from the sales of property by accounting for inflation during the ownership period. This adjustment is made using the Cost Price Index (CPI).
In July 2024, Union Minister Nirmala Sitharaman, Ministry of Finance (MoF) had proposed to reduce LTCG tax on property from 20% to 12.5% but removed the benefit of indexation in Union Budget for FY25 (2024-25). - Who has been recently (in August ‘24) appointed as the Managing Director (MD) and Chief Executive Officer (CEO) of Multi Commodity Exchange of India Limited (MCX)?
1) Harsh Pati Singhania
2) Rushabh Gandhi
3) Rajeev Singhal
4) Praveena Rai
5) Ashishkumar ChauhanAnswer-4) Praveena Rai
Explanation:
On 8th August 2024, the Securities and Exchange Board of India (SEBI) approved the appointment of Praveena Rai as new Managing Director (MD) and Chief Executive Officer (CEO) of Multi Commodity Exchange of India Limited (MCX), India’s largest commodity exchange.
The post of MD & CEO at MCX has remained vacant since Padala Subbi Reddy (P.S. Reddy) stepped down on 9th May 2024 after completing his 5 year term.
The appointment is subjected to acceptance of the offer made to her and approval from the shareholders of MCX. - When was the United Nations (UN) International Day of the World’s Indigenous Peoples (IDWIP) annually observed across the globe?
1) May 5
2) August 9
3) June 20
4) July 25
5) March 21Answer-2) August 9
Explanation:
The United Nations (UN) International Day of the World’s Indigenous Peoples (IDWIP) is annually observed across the globe on 9 August to promote and protect the rights, cultures, and identities of the world’s Indigenous population.
i.Aim: To raise awareness of the needs of these population groups and the unique challenges faced by the world’s indigenous peoples.
ii.The 2024 theme of IDWIP is, “Protecting the Rights of Indigenous Peoples in Voluntary Isolation and Initial Contact.”
iii.The United Nations Development Programme (UNDP) has announced the winners of the 15th Equator Prize, recognising 11 Indigenous Peoples and local communities from 8 countries across Asia, Africa, Latin America, and the Caribbean. Click here to read more - In which state, the Guru Ghasidas-Tamor Pingla Tiger Reserve is located?
1) Assam
2) Uttarakhand
3) Chhattisgarh
4) Kerala
5) OdishaAnswer-3) Chhattisgarh
Explanation:
The Chhattisgarh government has announced the establishment of the new tiger reserve named ‘Guru Ghasidas-Tamor Pingla Tiger Reserve’, marking it as the fourth Tiger reserve in Chhattisgarh.
Indravati Tiger Reserve(Bijapur), Udanti-Sitanadi Tiger Reserve (Gariaband) and Achanakmar Tiger Reserve (Mungeli) are the other three tiger reserves in Chhattisgarh.
The reserve will include areas of the Guru Ghasidas National Park and the Tamor Pingla sanctuary, covering an expansive area of 2,829.387 square kilometers(sq km) across the districts of Manendragarh-Chirmiri-Bharatpur, Koriya, Surajpur, and Balrampur. - When was Nagasaki Day annually observed across the globe to commemorate the atomic bombing of the Japanese city of Nagasaki by the United States of America (USA) in 1945?
1) April 26
2) May 11
3) June 23
4) August 9
5) July 28Answer-4) August 9
Explanation:
Nagasaki Day is annually observed across the globe on 9 August to commemorate the atomic bombing of the Japanese city of Nagasaki by the United States of America (USA) in 1945, during World War II (WWII – 1939-1945).
9 August 2024 marks the 79th anniversary of the atomic bombing of Nagasaki.
On 9 August 1945, the United States Army Air Forces (USAAF) Boeing-29 (B29) airplane named “Bockscar” dropped the 2nd atomic bomb nicknamed “Fat Man” over Nagasaki.
The bomb was dropped 3 days after the 1st atomic bomb “Little Boy” was deployed over Hiroshima (Japan).Click here to read more - Which organisation has recently (in August ‘24) secured a long-term loan of 25.5 billion Japanese Yen(JPY) from the Japan Bank for International Cooperation (JBIC) to finance the 300.3 Mega Watt (MW) Wind Energy Project of Ostro Kannada Power Private Ltd (OKPPL) in Karnataka?
1) REC Limited
2) Indian Renewable Energy Development Agency
3) Edelweiss Financial Services
4) Srei Infrastructure Finance
5) Power Finance Corporation LimitedAnswer-5) Power Finance Corporation Limited
Explanation:
The Power Finance Corporation Limited(PFC), Ministry of Power(MoP) has secured a long-term loan of 25.5 billion Japanese Yen(JPY)(~Rs 1454 crore) from the Japan Bank for International Cooperation (JBIC) to finance the 300.3 Mega Watt (MW) Wind Energy Project of Ostro Kannada Power Private Ltd (OKPPL) in Chitradurga, Karnataka.
The loan is co-financed with Sumitomo Mitsui Banking Corporation(SMBC), the Bank of Yokohama Limited(BOY), the Shiga Bank Ltd, and the Bank of Fukuoka Ltd(BoF).
The loan is based on the credit line that JBIC signed with PFC in July 2022 for renewable energy projects and energy efficient power generation and heat supply projects. - Name the renowned scholar and Sahitya Akademi Translation Awardee who passed away in August 2024.
1) Narayanan Vaghul
2) Birubala Rabha
3) K.G. Jayan
4) Sarah Thomas
5) C. G. RajagopalAnswer-5) C. G. Rajagopal
Explanation:
A renowned scholar and translator C. G. Rajagopal, who won the Sahitya Akademi Translation Award in 2019 passed away at the age of 93. He was born in 1932 in Kerala.
i.He received the Sahitya Akademi Translation Award for translating ‘Sreeramacharitamanasam (Thulasidasaramayanam)’ from Hindi to Malayalam.
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