AffairsCloud brings you the complete and important daily Current Affairs Quiz 10 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.
Our Current Affairs August 2023 events will help you to get more marks in Banking, Insurance, SSC, Railways, UPSC, CLAT and all State Government Exams. Also, try our Current Affairs Quiz.
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- Which company has recently (in August ‘23) bagged an order worth Rs 165 crore to supply 200 medium-altitude logistics drones, and accessories to the Indian Army?
1) Garuda Aerospace Pvt Ltd
2) Paras Defence and Space Technologies Ltd
3) Dhaksha Unmanned Systems Pvt. Ltd
4) Thanos Technologies Pvt. Ltd
5) TechEagle Pvt. Ltd
Answer & Explanation
Answer-3) Dhaksha Unmanned Systems Pvt. Ltd
Explanation:
Chennai (Tamil Nadu) based Drone Manufacturer, Dhaksha Unmanned Systems Pvt. Ltd(DUMS), a subsidiary of Coromandel International Limited, an Agri-solutions provider, has bagged an order worth Rs 165 crore to supply 200 medium-altitude logistics drones, and accessories to the Indian Army.
• Recently, DUMS has also won a contract from the Indian Farmers Fertiliser Cooperative (IFFCO), agri inputs cooperative, to supply 400 agri-spraying drones.
• These two orders are set to be delivered within the next 12 months.
i. DUMS has been selected by the Indian Army to supply its logistics drones. The company is committed to building the latest technologies for drone manufacturing and serving the requirements of the defense sector as well as the farming community of India.
- Which Small Finance Bank (SFB) has recently (in August ‘23) became the first bank in India to offer 24X7 video banking facility for 365 days?
1) AU SFB
2) Jana SFB
3) Ujjivan SFB
4) Suryoday SFB
5) ESAF SFB
Answer & Explanation
Answer-1) AU SFB
Explanation:
On 08th August 2023, AU Small Finance Bank (AU SFB), India’s Largest Small Finance Bank, became the first bank in India to offer 24X7 for 365 days video banking facility to all the customers(including account holders under Pradhan Mantri Jan Dhan Yojana (PMJDY) ) for free of cost.
i. Video Banking provides customers with a branch-like experience, enabling them to engage in face-to-face interactions with AU Video Banking relationship managers over a video call.
ii. The customer needs to be at least 18 years of age and located within India while making the video call.
- Name the Payment Bank that has recently (in August ‘23) launched India’s 1st eco-friendly debit card.
1) Paytm Payments Bank
2) India Post Payments Bank
3) Fino Payments Bank
4) Airtel Payment Bank
5) Jio Payments Bank
Answer & Explanation
Answer-4) Airtel Payment Bank
Explanation:
On 8th August 2023, India’s first payment bank, Airtel Payment Bank also became the first Indian Bank to launch an eco-friendly debit card for its new and existing customers with a savings bank account.
i. The debit cards will be crafted from recycle- Poly Vinyl Chloride (r-PVC) material, a certified eco-friendly material, against normal PVC cards.
ii. Airtel Payments Bank debit card comes in two variants(under Classic variant): Personalised Classic Card – Availed through the Airtel Thanks mobile application.
• Insta Classic Card – Availed at selected neighbourhood banking points (by the close of the current quarter).
- Which Public Sector Financial Institutions of GoI has recently (in August ‘23) launched its subsidiary at the Gujarat International Financial Tec (GIFT) City in Gandhinagar, Gujarat?
1) Industrial Finance Corporation of India
2) National Bank of Financing Infrastructure and Development
3) Export-Import Bank of India
4) India Infrastructure Finance Company Ltd
5) Small Industries Development Bank of India
Answer & Explanation
Answer-3) Export-Import Bank of India
Explanation:
On August 8, 2023, the Export-Import Bank of India (Exim Bank of India) launched its subsidiary- India Exim Finserve IFSC Private Limited (Exim Finserve) at the Gujarat International Financial Tec (GIFT) City in Gandhinagar, Gujarat.
i. It was inaugurated by Dr. Vivek Joshi, Secretary, Department of Financial Services (DFS), Ministry of Finance.
ii. This subsidiary is set to provide a suite of trade finance solutions to Indian exporters, with a primary emphasis on export factoring.
iii. Exim Finserve is the first finance company in GIFT City for export factoring.
- Name the company that has recently (in August ‘23) collaborated with the CSC Academy to provide digital and financial literacy to the weak and underprivileged segments of society.
1) PayU India
2) Freecharge
3) Razorpay
4) Infibeam
5) PhonePe
Answer & Explanation
Answer-1) PayU India
Explanation:
PayU India and CSC Academy collaborated to provide digital and financial literacy to the weak and underprivileged segments of society from July 1 2023 to June 30, 2024.
i. Under this Mobile vans will be stationed in and around three districts in Delhi/Gurugram (Haryana), Mumbai (Maharashtra), and Bengaluru (Karnataka) to provide financial and digital literacy instructions as well as other civic services for people between the ages of 15 and 60.
ii. Underprivileged segments of society include SC (Scheduled Caste), ST (Scheduled Tribe), BPL (Below Poverty Line), and Women.
- Which bank has recently (in August ‘23) partnered with the Government of Odisha, to support the payment solutions for the Odisha Tourism Development Corporation (OTDC) Limited?
1) RBL Bank
2) Bandhan Bank
3) ICICI Bank
4) HDFC Bank
5) YES Bank
Answer & Explanation
Answer-2) Bandhan Bank
Explanation:
On 7th August 2023, Kolkata (West Bengal) based-Bandhan Bank Limited, partnered with the Government of Odisha, to support the payment solutions for the Odisha Tourism Development Corporation (OTDC) Ltd.
i. The Bank has introduced Point of Sale (PoS) machines, which offer a seamless card payment experience and are placed in prime locations across popular tourist destinations in Odisha including Puri, Bhubaneshwar, Konark, Chilka, and Gopalpur.
ii. Bandhan Bank will be providing the machines to OTDC and these PoS machines provide easy and quick payment solutions to tourists, thus bringing convenience, both for the tourists and OTDC officials.
- Who has recently (in August ‘23) emerged as the highest-paid bank Chief Executive Officer (CEO) in the financial year 2022-2023(FY23)?
1) Amitabh Chaudhary (Axis Bank)
2) Sandeep Bakhshi (ICICI Bank)
3) Prashant Kumar (YES Bank)
4) Sashidhar Jagdishan (HDFC Bank)
5) Dinesh Kumar Khara (State Bank of India)
Answer & Explanation
Answer-4) Sashidhar Jagdishan (HDFC Bank)
Explanation:
HDFC Bank’s Sashidhar Jagdishan emerged as the highest-paid bank Chief Executive Officer (CEO) in the financial year 2022-2023(FY23) with over Rs 10.55 crore in total pay.
i. Kaizad Bharucha, deputy managing director, HDFC Bank, drew Rs 10 crore for FY23 and is likely to be the second-highest-grossing banker in India
ii. Among bank CEOs, Amitabh Chaudhry, the CEO of Axis Bank, received a payout of Rs 9.75 crore in FY23 making it the second-highest in terms of overall pay among bank chief executives.
iii. Sandeep Bakhshi ,CEO of ICICI Bank got paid Rs 9.60 crore for the fiscal year.
- Who has been recently (in August ‘23) elected as Vice Chair of Working Group II (WGII) of the Intergovernmental Panel on Climate Change (IPCC) bureau for the 7th Assessment Report (AR7) cycle?
1) Ajit Kumar Banerjee
2) Raman Sukumar
3) Kamaljit S. Bawa
4) Rohini Balakrishnan
5) Dilip K. Biswa
Answer & Explanation
Answer- 2) Raman Sukumar
Explanation:
Indian Ecologist, Scientist and Asian elephant expert Raman Sukumar has been elected as Vice Chair of Working Group II (WGII) of the Intergovernmental Panel on Climate Change (IPCC) bureau for the 7th Assessment Report (AR7) cycle.
i. The elections for the new IPCC Bureau were held during the 59th Session of the IPCC held at the United Nations Environment Programme (UNEP) headquarters in Nairobi, Kenya, from 25th-28th July 2023.
ii. The panel elected the new IPCC Bureau comprising 34 members, including the new IPCC Chair James Ferguson ‘Jim’ Skea of the United Kingdom(UK) and 3 Vice-Chairs. The panel also elected the 12 members of the Task Force Bureau on National Greenhouse Gas Inventories (TFI).
iii. Awards: Presidential Award of the Chicago Zoological Society in 1989, the Order of the Golden Ark in 1997, the Whitley Gold Award in 2003 and the International Cosmos Prize in 2006.
- In August 2023, Ali Mahaman Lamine Zeine was appointed as the transitional Prime Minister (PM) of ___________ (country).
1) Niger
2) Guinea
3) Senegal
4) Ghana
5) Uganda
Answer & Explanation
Answer-1) Niger
Explanation:
On 7th August 2023, the Military Junta of the Republic of Niger appointed Ali Mahaman Lamine Zeine, an economist and former Minister of finance of Niger Republic, as a transitional Prime Minister (PM) of Niger, according to a decree by General Abdourahmane Tchiani, who is the self-declared Head of State of the Transitional Government of Niger.
i. The appointment comes nearly 2 weeks after the military coup dismissed President Mohamed Bazoum, who was democratically elected in 2021.
ii. Ali Mahaman Lamine Zeine is the current Country Manager of the African Development Bank (AfDB) in Chad (Africa).
iii. He is the former Commander of Niger’s presidential guard, who dismissed President Mohamed Bazoum and suspended the constitution on July 26, 2023.
- When was the National Javelin Day 2023 observed across India?
1) 8th August 2023
2) 6th August 2023
3) 9th August 2023
4) 7th August 2023
5) 5th August 2023
Answer & Explanation
Answer- 4) 7th August 2023
Explanation:
National Javelin Day is annually celebrated across India on 7th August to commemorate the day on which Neeraj Chopra won the men’s javelin throw gold at Tokyo 2020 Olympics and became the first Asian athlete to win an Olympic gold medal in men’s javelin throw.
• 7th August 2023 marks the observance of the 2nd National Javelin Day
• The annual observance of the National Javelin Day is led by the Athletics Federation of India (AFI), apex body for athletics in India.
• On 11th August 2021, the The Athletics Federation of India(AFI) declared the 7th August of every year, starting from 2022, as the National Javelin Day. The first ever National Javelin Day was observed on 7th August 2022.
- Which company has recently (in August ‘23) bagged an order worth Rs 165 crore to supply 200 medium-altitude logistics drones, and accessories to the Indian Army?
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