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- Which of the following is ‘not’ one of the five districts that were newly created in the Union Territory (UT) of Ladakh?
1) Zanskar
2) Drass
3) Nubra
4) Changthang
5) HemisAnswer-5) Hemis
Explanation:
The Ministry of Home Affairs (MHA), announced the creation of 5 new districts in the Union Territory (UT) of Ladakh, namely, Zanskar, Drass, Sham, Nubra, and Changthang. With the formation of the new districts, Ladakh’s total number of districts has increased to 7. The MHA also instructed the Ladakh administration to establish a committee to evaluate aspects such as headquarters, boundaries, and the structure of the new districts and submit its report within 3 months.
Currently, Ladakh has only 2 districts, Leh and Kargil, both managed by its autonomous district council.
Ladakh has been demanding inclusion in the sixth schedule of the Indian Constitution to protect its tribal identity, culture, land, and resources. - India has recently (in August ‘24) become the 18th Security of Supplies Arrangement (SOSA) partner of _____________(Country).
1) United States of America
2) France
3) Singapore
4) Vietnam
5) BelarusAnswer-1) United States of America
Explanation:
The Union Minister Rajnath Singh, Ministry of Defence (MoD), was on an official visit to Washington D.C., the United States of America (USA) from 23rd to 26th August 2024 at the invitation of the Lloyd Austin, United States Secretary of Defense.
Rajnath Singh and Lloyd Austin also highlighted the conclusion of the bilateral, non-binding Security of Supplies Arrangement (SOSA) between India and US, which was signed on 22nd August 2024. India is the 18th SOSA partner of the USA.
India and the USA signed two significant agreements during Defence Minister Rajnath Singh’s visit to Washington DC, USA. An Memorandum of Agreement (MoA) was signed between India and the USA for the deployment of Liaison Officers.
The USA has approved the Foreign Military Sale of Sonobuoys and related gears to India at an estimated cost of USD 52.8 million.This aims to enhance India’s anti-submarine warfare capabilities, particularly for its MH-60R helicopters.The principal contractors are Sparton Corporation and Undersea Sensor Systems Inc.
India and the USA agreed to advance co-production projects, including the GE F-414 engine for Tejas Mk-2 aircraft and Stryker armoured infantry combat vehicles.
MoD Minister Rajnath Singh visited the William B. Morgan Large Cavitation Channel (LCC) in Memphis, Tennessee, where the USA Navy tests submarines and naval surface ships.Click here to read more - Which Indian city ranked 2nd in annual price rise of prime residential properties during the 2nd Quarter of 2024 Calendar Year(CY24), according to the “Prime Global Cities Index (PGCI) Q2 2024” by Knight Frank?
1) New Delhi
2) Mumbai
3) Bengaluru
4) Chennai
5) KolkataAnswer-2) Mumbai
Explanation:
According to the “Prime Global Cities Index (PGCI) Q2 2024” published by an international property consultant Knight Frank, Mumbai (Maharashtra) and New Delhi (Delhi) have secured the 2nd and 3rd positions respectively, among 44 cities globally in annual price rise of prime residential properties during the 2nd Quarter (Q2: April-June) of 2024 Calender Year(CY24).
As per the report, Mumbai, India’s financial capital city saw a Year-on-Year (Y-o-Y) price rise of 13% in prime residences, recorded the 2nd highest (Y-o-Y) growth in prime residential prices in Q2 2024, up from 6th position in Q2 2023.
New Delhi, Delhi placed 3rd with 10.6% Y-o-Y increase in prime residential property prices. While, Bengaluru with Y-o-Y price growth of 3.7%, has remained at 15th spot in Q2 2024.
Manila, the capital city of Philippines has topped the Knight PGCI Q2 2024, with a 26% annual increase during the June quarter. Wellington, New Zealand ranked last on the list.Click here to read more - Which organisation has recently (in August ‘24) introduced Unified Lending Interface (ULI) to facilitate seamless credit access?
1) National Payments Corporation of India
2) TransUnion CIBIL Limited
3) Securities and Exchange Board of India
4) Reserve Bank of India
5) International Financial Services CentreAnswer-4) Reserve Bank of India
Explanation:
The Reserve Bank of India (RBI) introduced its ‘Unified Lending Interface (ULI)’ technology platform across India. It was announced by the RBI Governor Shaktikanta Das during the ‘Global Conference on Digital Public Infrastructure and Emerging Technologies’ in Bengaluru, Karnataka on August 26, 2024.
The ULI pilot program was initiated in 2023 to facilitate seamless credit access and will be launched nationwide soon.
This is based on the success of the Unified Payments Interface(UPI) which was launched in 2016.
The ULI platform simplifies credit appraisals, especially for small and rural borrowers, by enabling seamless, consent-based digital information flow, such as land records, PAN (Permanent Account Number), Aadhaar, and credit histories, between service providers and lenders.
ULI’s standardized Application Programming Interface(APIs) will reduce the complexity of multiple technical integrations and speeding up credit approvals with minimal documentation. - Which organisation has recently (in August ‘24) signed an MoU with the Jawaharlal Nehru Port Authority (JNPA) to fund up to Rs 45,000 crore for various infrastructure projects?
1) L&T Finance Limited
2) Indian Renewable Energy Development Agency Limited
3) Power Finance Corporation Limited
4) Srei Infrastructure Finance Limited
5) Rural Electrification Corporation LimitedAnswer-5) Rural Electrification Corporation Limited
Explanation:
Rural Electrification Corporation Limited(REC), a Maharatna Public Sector Undertaking (PSU) under the Ministry of Power, has signed a Memorandum of Understanding (MoU) with the Jawaharlal Nehru Port Authority (JNPA) to fund up to Rs 45,000 crore for various upcoming projects, including the development of Vadhavan Port in Maharashtra.
The MoU establishes cooperation between JNPA and REC, where JNPA will implement infrastructure projects, and REC will provide the necessary funding.
JNPA is undertaking the planned mega port at Vadhavan worth Rs 76,220 crore in Palghar district of Maharashtra, and holds a 74 % interest in Vadhavan Port Project (VPPL), a special purpose vehicle formed by JNPA and Maharashtra Maritime Board (MMB). - Which organisation recently (in August 2024) signed an MoU with the American biofuel producer Petron Scientech Inc. to jointly examine setting up a 500 kilo tonnes per annum bio-ethylene plant in India?
1) Indian Oil Corporation Limited
2) Bharat Petroleum Corporation Limited
3) GAIL India Limited
4) Power Grid Corporation of India Limited
5) Oil and Natural Gas Corporation LimitedAnswer-3) GAIL India Limited
Explanation:
GAIL (India) Limited, a Maharatna Central Public Sector Enterprise (CPSE) under the Ministry of Petroleum and Natural Gas (MoP&NG), signed a Memorandum of Understanding (MoU) with the New Jersey, the United States of America (USA) based Petron Scientech Inc (PSI), to jointly explore the establishment of a 500 Kilo Tons per Annum (KTA) bio-ethylene plant along with its downstream unit(s) in India.
The proposed plant will be based on bio-ethanol produced in the plant in a 50:50 Joint Venture (JV) mode between the two companies.
In line with the MoU, both companies will conduct feasibility studies to assess the technical and financial viability of the project.
The objective is to secure investment approval from their respective management teams for investment in the project and forming a JV company. - Which bank has been recently (in August ‘24) honoured with Best Small Finance Bank (India) award at the 2nd ICC Emerging Asia Banking Conclave & Awards (2024)?
1) Ujjivan Small Finance Bank Limited
2) Jana Small Finance Bank
3) AU Small Finance Bank
4) ESAF Small Finance Bank
5) Equitas Small Finance BankAnswer-2) Jana Small Finance Bank
Explanation:
Bengaluru (Karnataka) based Jana Small Finance Bank (SFB) Limited was honoured with 4 awards: Best Small Finance Bank (India), Best Performance on Profitability (Runners-up), Best Performance on Asset Quality, and Best Performance on Risk Management, at the 2nd ICC Emerging Asia Banking Conclave & Awards (2024), organised by the Indian Chamber of Commerce (ICC) on 22nd and 23rd August 2024 in New Delhi, Delhi.
During the event, Jammu & Kashmir Bank Limited (J&K Bank)has won the “Best Performance on Profitability” award in the category of Private Sector Bank (Mid-Size).
J&K Bank recorded its highest-ever net profit of Rs 1767 crore for the financial year 2024, thereby registering the record profit consecutively for the 2nd year.
The 2024 conclave brought together regulators, banking professionals, etc. from across the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) region.Click here to read more - Who has been recently (in August 2024) appointed as the Chairperson of the National Association of Software and Service Companies(NASSCOM) with immediate effect succeeding Rajesh Nambiar?
1) Mallika Nadda
2) Hima Kohli
3) D.K. Murali
4) Ajay Vij
5) Sindhu GangadharanAnswer-5) Sindhu Gangadharan
Explanation:
On August 26 2024, Sindhu Gangadharan, the Managing Director (MD) of SAP Labs India Private Limited(SLI) has been named as the Chairperson of National Association of Software and Service Companies (NASSCOM) with immediate effect.
Sindhu will succeed Rajesh Nambiar, who was appointed as the Chairperson of NASSCOM in September 2023.Rajesh Nambiar has been named as the President Designate for NASSCOM.
Sindhu Gangadharan was the first woman to lead SAP Labs India and will still continue to hold her position as the Head of Customer Innovation Services in the company. - Name the former Lebanese Prime Minister who passed away in August 2024.
1) Ismail Haniyeh
2) Ebrahim Raisi
3) Salim Ahmad al-Huss
4) Qasem Soleimani
5) Hibatullah AkhundzadaAnswer-3) Salim Ahmad al-Huss
Explanation:
Former Lebanese Prime Minister (PM) Salim Ahmad al-Huss has passed away at the age of 94 at Beirut, Lebanon. He was born on 20 December 1929 at Beirut.
He served as PM for four terms from 1976 to 1990. His final term in office was from 1998 to 2000. - Former World Health Organization (WHO) chief scientist Soumya Swaminathan released the autobiography of ___________________________ titled “The Scientist Entrepreneur: Empowering Millions of Women”.
1) Kalpana Sankar
2) Anuradha Mascarenhas
3) Alpana Killawala
4) MK Singari
5) Falguni NayarAnswer- 1) Kalpana Sankar
Explanation:
Soumya Swaminathan, the Chairperson of MS Swaminathan Research Foundation and former World Health Organization (WHO) Chief Scientist, released ‘The Scientist Entrepreneur: Empowering Millions of Women’, an autobiography written by activist Dr. Kalpana Sankar.
The book launch was held as a part of the celebration of women’s empowerment and social entrepreneurship at Chennai, Tamil Nadu (TN).
The book chronicles Dr. Sankar’s journey from a nuclear scientist to a pioneering entrepreneur. This book is published by Rupa Publications India Private Limited, New Delhi(Delhi).
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