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Current Affairs Quiz: 12 August 2022

AffairsCloud brings you the complete and important daily Current Affairs Quiz 12 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 ‘SPARK’: The Space Tech Park, India’s first virtual space technology museum was launched in August 2022.
      Which organization/Ministry created the SPARK, the first 3D virtual space tech park?

      1) Defence Research and Development Organisation
      2) Indian Space Research Organisation
      3) Ministry of Culture
      4) Ministry of Science and Technology
      5) Hindustan Aeronautics Limited
      Answer & Explanation
      Answer- 2) Indian Space Research Organisation
      Explanation:
      S.Somanath, Chairman of the Indian Space Research Organisation (ISRO), unveiled the ‘SPARK’: The Space Tech Park, India’s first virtual space technology museum, as part of the AzadiKaAmrit Mahotsav celebrations commemorating India’s 75th anniversary of independence.
      i. SPARK is the first 3D (three-dimension) virtual space tech park ever created by ISRO.
      ii. The platform’s beta version offers a virtual tour of SPARK and visitors can virtually board the Space on Wheels bus to take the tour.
      iii. It has a museum, a theatre, an observatory, a garden with life-size rockets, a lakeside cafe area, a children’s play area, as well as several other interactions.

    2. Which company recently (in Aug ‘22) partnered with the Ministry of Skill Development & Entrepreneurship (MSDE) & Capacity Building Commission (CBC) for capacity building of Civil Servants of India?
      1) Microsoft
      2) Wipro Limited
      3) HCL Technologies
      4) Tata Consultancy Services
      5) Google
      Answer & Explanation
      Answer- 1) Microsoft
      Explanation:
      Microsoft partnered with the Ministry of Skill Development & Entrepreneurship (MSDE), and Capacity Building Commission (CBC) to boost the functional computer literacy of nearly 2.5 million Civil Servants of India.
      i. Objective: To help civil servants in helping the underprivileged and to develop citizen-friendly and business-friendly policies.
      ii. The project is in line with the initiative envisioned by the Prime Minister- Mission Karmayogi, it is aligned towards the development of our civil servants.

    3. Which country recently (in August ‘22) signed a tender to set up an 1150 MW solar project with the International Solar Alliance (ISA)?
      1) Argentina
      2) Peru
      3) Congo
      4) Cuba
      5) Kenya
      Answer & Explanation
      Answer- 4) Cuba
      Explanation:
      The International Solar Alliance (ISA) in partnership with the Republic of Cuba signed a tender for setting up a 1150 MW solar project in Cuba. NTPC is the project management consultant for ISA for setting up the project.
      i. ISA, Cuba’s Unión Eléctrica (UNE), and India’s NTPC Limited will work together to ensure the solar project is bankable, technically sound, and attractive to international investment in Cuba.
      ii. The project is part of Cuba’s plan to implement 2100 MW of solar projects, reducing the reliance on expensive and polluting diesel generators and increasing its green energy portfolio.

    4. Name the lifestyle-focused corporate salary account that was recently (in Aug ‘22) launched by Kotak Mahindra Bank Ltd.
      1) Kotak Crème
      2) Kotak Max
      3) Kotak Prime
      4) Kotak Gold
      5) Kotak Platinum
      Answer & Explanation
      Answer-1) Kotak Crème
      Explanation:
      Kotak Mahindra Bank Limited launched Kotak Crème, a lifestyle-focused corporate salary account that offers an upgraded banking experience.
      i. This flagship programme will be available to all corporates in India and will also come with a host of privileges and rewards across lifestyle, travel, healthcare, dining, skilling and learning experiences.
      ii. Kotak Crème is launched in Bengaluru, Karnataka for it is one of the corporate hubs.

    5. Name the bank that recently (in Aug ‘22) partnered with IBSFINtech to provide enhanced digital services.
      1) HDFC Bank
      2) YES Bank
      3) Axis Bank
      4) ICICI Bank
      5) IndusInd Bank
      Answer & Explanation
      Answer- 2) YES Bank
      Explanation:
      YES Bank and IBSFINtech, a TreasuryTech Solution provider, have partnered to empower the corporate treasury ecosystem with a robust decision-making tool and automated workflows backed by seamless bank connectivity.
      i. This partnership provides next generation technology solutions across Cash, Liquidity, Treasury, Risk, Trade Finance and Supply Chain Finance functions of corporations.
      ii. IBSFINtech’s TreasuryTech platform is deeply integrated with the internal IT ecosystem of corporates through which it enables an end-to-end connected ecosystem for corporates and the bank.
      iii. With this partnership, the Platform connects YES Bank through Application Programming Interface (APIs) and provides real-time cash visibility.

    6. Who was recently (in Aug ‘22) appointed as the 49th Chief Justice of India (CJI) by the President of India, Droupadi Murmu?
      1) Sanjay Kishan Kaul
      2) Hemant Gupta
      3) Indira Banerjee
      4) Uday Umesh Lalit
      5) Dhananjaya Yeshwant Chandrachud
      Answer & Explanation
      Answer-4) Uday Umesh Lalit
      Explanation:
      Justice Uday Umesh Lalit (UU Lalit), judge of the Supreme Court was appointed as the 49th Chief Justice of India (CJI) by the warrant signed by President Droupadi Murmu.
      i. In exercise of the powers conferred by clause (2) of Article 124 of the Constitution of India, the President has appointed Justice U U Lalit as CJI.
      ii. He will take oath and assume charge on 27th August 2022 replacing incumbent CJI Nuthalapati Venkata Ramana(N V Ramana), who will retire on 26th August 2022.
      iii. Uday Umesh Lalit will have a brief tenure as the head of India’s judiciary and would demit office on 8th November 2022 after holding the charge as the CJI for 3 months.
      iv. Justice Uday Umesh Lalit was the 2nd CJI who was directly elevated to the apex court bench from the Bar.
      In 1971 Justice Sarv Mittra Sikri(SM Sikri) was the 1st lawyer to be elevated directly to the top court bench in March 1964.

    7. On 10th August 2022, Janata Dal (United) leader Nitish Kumar took oath as the Chief Minister (CM) of Bihar for the ______ consecutive time.
      1) 10th
      2) 5th
      3) 8th
      4) 12th
      5) 9th
      Answer & Explanation
      Answer- 3) 8th
      Explanation:
      Janata Dal (United) leader Nitish Kumar took oath as the Chief Minister (CM) of Bihar for the 8th consecutive time. He was joined by Rashtriya Janata Dal’s (RJD) Tejashwi Yadav who swore in as his Deputy CM.
      i. They were administered the oath of office and secrecy by Governor Phagu Chauhan.
      ii. Nitish Kumar joined hands with RJD, Congress, and the Left. He submitted his resignation to Bihar Governor Phagu Chauhan to stake a claim to form a new government with the support of 164 MLAs.

    8. The Life Insurance Corporation of India (LIC) recently (in Aug ‘22) sold ________ of its shareholding in Mahindra & Mahindra Limited(M&M) for about Rs 2,222.49 crore.
      1) 2%
      2) 5%
      3) 8%
      4) 4%
      5) 6%
      Answer & Explanation
      Answer-1) 2%
      Explanation:
      Life Insurance Corporation of India (LIC) has sold 2% of its shareholding in Mahindra & Mahindra Limited(M&M) for about Rs 2,222.49 crore.
      i. The shares were sold through open market transactions during the period from December 21, 2020, to August 8, 2022.
      ii. After the completion of the sale, the shareholding of LIC in the passenger cars and utility vehicles company decreased from 8.43 % to 6.42%.
      About Life Insurance Corporation of India (LIC):
      Founded -1 September 1956
      Headquarters- Mumbai, Maharashtra
      Chairperson- Mangalam Ramasubramanian Kumar

    9. Indian Space Research Organisation (ISRO) recently (in Aug’ 22) test-fired the Low Altitude Escape Motor (LEM) of the Crew Escape System (CES) of _______ project from Sriharikota, Andhra Pradesh(AP).
      1) Shukrayaan
      2) Aditya-1
      3) Gaganyaan
      4) Chandrayaan-3
      5) Mangalyaan
      Answer & Explanation
      Answer-3) Gaganyaan
      Explanation:
      Indian Space Research Organisation (ISRO) successfully carried out the test-firing of the Low Altitude Escape Motor (LEM) of the Crew Escape System (CES) of the Gaganyaan project from Sriharikota, Andhra Pradesh(AP).
      i. If the mission is aborted during the initial phase flight, LEM will provide the required thrust to CES, to take away the Crew Module from the launch vehicle.
      ii. The LEM is a distinctive special purpose solid rocket motor with four reverse flow nozzles and generates a maximum sea level thrust of 842 kN (nominal) with a burn time of 5.98 seconds (nominal).

    10. When was the National Thermal Engineer Day 2022 observed to celebrate the contribution of the thermal engineers?
      1) 5th August 2022
      2) 15th July 2022
      3) 10th August 2022
      4) 24th July 2022
      5) 30th July 2022
      Answer & Explanation
      Answer- 4) 24th July 2022
      Explanation:
      National Thermal Engineer Day 2022 observed on 24th July 2022 to celebrate the contribution of the thermal engineers. The day has been introduced to encourage the engineers who work hard and help to increase the technological growth of a nation.
      i. July 24 was chosen as National Thermal Engineer Day since it is the hottest day of the year.





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