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Current Affairs Quiz: 1 August 2022

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AffairsCloud brings you the complete and important daily Current Affairs Quiz 1 August 2022  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 2022 updates.

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  1. The National Statistical Office (NSO) recently (in July’22) developed the three labour indicators, that highlight the_________ employed persons working part-time above 60 age group in India in 2017–20.
    1) 25%
    2) 35%
    3) 15%
    4) 10%
    5) 20%
    Answer-3) 15%
    Explanation:
    The National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI), in its Working Paper on Compilation of Labour Indicators of the Minimum Set of Gender Indicators to develop a methodology for compiling three labour indicators, reported that between 2017 and 2020, the proportion of employed people working part-time in the 46–59 years’ age group across all of India was greater than 10%, while the proportion was greater than 15% in the above 60 age group.
    i. These indicators are managed by the International Labour Organization (ILO).

  2. In July 2022, the Point 5140 at Dras, in Kargil sector was renamed as ________to commemorate the victory of Indian Armed Forces (IAF) in “Operation Vijay 1999”.
    1) Fire Hill
    2) Gun Hill
    3) Victory Hill
    4) Vijay Hill
    5) Kargil Hill
    Answer-2) Gun Hill
    Explanation:
    Point 5140 at Dras, in Kargil sector was renamed as “Gun Hill” to commemorate the victory of Indian Armed Forces (IAF) and pay tribute to the sacrifice of the war heroes in “Operation Vijay 1999”.
    i. On behalf of the Regiment of Artillery of the Indian Army, a wreath was laid by Lieutenant General TK Chawla, Director General of Artillery at Kargil War Memorial, Dras with Veteran Gunners of the Operation Vijay.
    ii. The task of capturing Point 5140, a strategically important mountain peak in the Dras sector, was assigned to 13 JAK Rif (Jammu & Kashmir Rifles) under the command of Lieutenant Colonel Yogesh Kumar Joshi on 17 June 1999.

  3. In July 2022, the RBI has temporarily allowed merchants or their Payment Aggregators (PAs) involved in settlement to save the CoF data for a maximum period of __________ after the transaction date or till the settlement date, whichever is earlier.
    1) 7 days
    2) 5 days
    3) 3 days
    4) 4 days
    5) 8 days
    Answer-4) 4 days
    Explanation:
    The Reserve Bank of India (RBI) has temporarily allowed merchants or their Payment Aggregators (PAs) involved in settlement of transactions where cardholders choose to enter the card details manually to save the Card-On-File (CoF) data for a maximum duration of “Transaction Date + 4 days” or until the settlement date, whichever is earlier.
    i. This data must be utilized only for the settlement of such transactions and then purged. Currently, the aforementioned dispensation is permitted to the card issuer and the card network.
    ii. The RBI emphasized that there shall be no change in the effective date of implementation of the requirements relating to “Restriction on Storage of Actual Card Data (CoF)”—all entities, with the exception of card issuers and card networks—shall purge the CoF data before October 1, 2022.

  4. In July 2022, BOB Financial Solutions Limited launched a credit card servicing mobile application (app) named ‘bobcard’.
    The bobcard has been designed in collaboration with ___________.

    1) IBM
    2) Infosys
    3) Tata Consultancy Services
    4) Accenture
    5) Wipro
    Answer-1) IBM
    Explanation:
    BOB Financial Solutions Limited launched a credit card servicing mobile application (app), bobcard, for providing a one-stop solution for customers to manage their Bank of Baroda (BoB) credit card services.
    i. The bobcard has been designed in collaboration with IBM and is user friendly with an attractive design including secured access with face ID, fingerprint lock & PIN, and a smart eye feature that ensures the card details of customers remain private.
    ii. Features – The app helps in manage card usage limit, redeem reward points instantly, convert high-value transactions into smart EMIs, pay credit card bills on time

  5. Which company/Organisation recently (in July’22) delivered the indigenously developed combat vehicles named Quick Reaction Fighting Vehicle-Medium (QRFV) to the Indian Army to boost border surveillance?
    1) Bharat Electronics Ltd
    2) Hindustan Aeronautics Ltd
    3) Boeing India Pvt Ltd
    4) Tata Advanced Systems Ltd
    5) BrahMos Aerospace
    Answer-4) Tata Advanced Systems Ltd
    Explanation:
    Tata Advanced Systems Limited (TASL), Tata group’s Aerospace and Defence Arm has successfully delivered the indigenously developed combat vehicles Quick Reaction Fighting Vehicle-Medium (QRFV) to the Indian Army to boost border surveillance.
    i. TASL became India’s first private sector company to produce and deliver wheeled armoured combat-ready vehicles for the Indian armed forces.
    ii. This system will enhance the operational capabilities of the Indian Army in future conflicts and during war.
    About QRFV:
    • QRFV offers a Standardised Agreement (STANAG) level 4 protection against up to 14kg and 21kg of explosives.
    • The vehicle is fitted with run-flat tires with turbo diesel engines which can carry up to 14 people, including the commander and driver (approx 2 tons of weight).

  6. Name the author of the book, ‘The Journey of a Nation: 75 Years of Indian Economy: Re-emerge, Reinvest, Re-engage’.
    1) Natwar Singh
    2) Ahmed Patel
    3) Sanjaya Baru
    4) Manmohan Singh
    5) Gursharan Kaur
    Answer-3) Sanjaya Baru
    Explanation:
    A new book titled ‘’The Journey of a Nation: 75 Years of Indian Economy: Re-emerge, Reinvest, Re-engage’’ authored by Sanjaya Baru and published by Rupa Publications India Pvt Ltd.
    i. SanjayaBaru’s 75 Years of Indian Economy is part of a series that looks back at the past 75 years of independent India.

  7. Who authored the book “The Light We Carry: Overcoming in Uncertain Times”, is set to be released?
    1) Malia Obama
    2) Betty Ford
    3) Craig Robinson
    4) Michelle Obama
    5) Hillary Clinton
    Answer-4) Michelle Obama
    Explanation:
    The New Book titled “The Light We Carry: Overcoming in Uncertain Times” authored by Michelle Obama, the Former first lady of the United States of America (USA) to be released.
    i. The book will be published Globally by Penguin Random House and it will be released in the US and Canada by Crown, an imprint of the Random House Publishing Group.
    Note- Another book by Michelle Obama- ‘Becoming’ was released in 2018.

  8. Name the author of the book ‘Riding the De(Mon)’ that was recently published by Leadstart Publishing Pvt. Ltd.
    1) Murali Raghavan
    2) Jeet Thayil
    3) Aravind Adiga
    4) Amish Tripathi
    5) Preeti Shenoy
    Answer-1) Murali Raghavan
    Explanation:
    A new book titled ‘’Riding the De(Mon)’’ authored by Murali Raghavan, a Chartered & Cost accountant from India, based in Dubai, United Arab Emirates(UAE) and published by Leadstart Publishing Pvt. Ltd, one of the fastest-growing publishing houses in India.
    i. The Book is a tale of big money and crime and looks at money laundering in India, particularly the methods used by people to funnel their ill-gotten gains into the banking system, post demonetisation.

  9. Which organisation recently (in July’22) signed an MoU with the Industrial Promotion and Investment Corporation of Odisha Limited (IPICOL) for the Make in Odisha (MIO) Conclave 2022?
    1) ICT Academy
    2) ASSOCHAM
    3) Federation of Indian Chambers of Commerce and Industry
    4) NASSCOM
    5) Quality Council of India
    Answer-3) Federation of Indian Chambers of Commerce and Industry
    Explanation:
    Industrial Promotion and Investment Corporation of Odisha Limited (IPICOL) signed an MoU with the Federation of Indian Chambers of Commerce and Industry (FICCI) for the Make in Odisha(MIO) Conclave 2022, which will be held from November 30 to December 04, 2022.
    i. FICCI will work as a national industry partner in the conclave.
    ii. The Make in Odisha Conclave 2022 will be the third edition. The first edition launched in 2016 received over Rs 2 Lakh Crores worth of investment in Odisha.

  10. Which command was recently (in July’22) signed an MoU with the Airport Authority of India (AAI) to boost inter-island connectivity under UDAN scheme?
    1) Western Command
    2) Eastern Command
    3) Northern Command
    4) Southern Command
    5) Andaman Nicobar Command
    Answer-5) Andaman Nicobar Command
    Explanation:
    Andaman Nicobar Command (ANC) signed an MoU with the Airport Authority of India (AAI) to boost inter-island connectivity under UDAN (Ude Desh ka Aam Naagrik) scheme in Port Blair, the capital city of the Andaman and Nicobar Islands.
    i. Under the agreement, the naval airfields at Shibpur (Diglipur) in North Andaman and in Campbell Bay will be utilized for civil operations. Passenger flights will be connecting Port Blair directly to Diglipur and Campbell Bay.
    ii. The agreement will provide smooth connectivity to remote islands and boost infrastructure development and passenger terminals.