AffairsCloud brings you the complete and important daily Current Affairs Quiz 12,13 & 14 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 state government has launched the Sinh Suchna Web application on the occasion of World Lion day, 10th August 2023?
1) Andhra Pradesh
2) Karnataka
3) Maharashtra
4) Madhya Pradesh
5) Gujarat
Answer & Explanation
Answer-5) Gujarat
Explanation:
Gujarat Chief Minister (CM) Bhupendra Patel launched the Sinh Suchna Web application on the occasion of World Lion day celebrated on 10th August 2023.
• The purpose of the mobile app is to help the state forest department track the movement of lions to prevent incidents of human-animal conflict.
i. Bhupendra Patel launched the ‘Lion Anthem Film’ which is produced by Ekta Janmay Chokshi and directed by Rohan Trivedi. The music has been composed by Nishit Mehta, sung by Brijraj Gadhvi while Parth Tarpara is the lyricist.
ii. He also launched two books namely ‘The King of Jungle – Asiatic Lions of Gir’, written by Indian Foreign Service (IFS) officer Sakkira Begum and ‘Hu Gir no Savaj’ by Shri Arvind Goswami.
- Which of the following points is ‘Incorrect’ with respect to the 3rd Bi-Monthly Monetary Policy statement for FY24 released by RBI in August 2023?
1) The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) kept the Policy Repo Rate at 6.50%.
2) The Reverse Repo Rate are kept at 3.35% & the Marginal Standing Facility (MSF) Rate are kept 6.75%
3) The Bank Rate is kept at 6.25%.
4) India’s real Gross Domestic Product (GDP) growth retained at 6.5% in FY24 (2023-24).
5) Consumer Price Index (CPI) inflation is projected at 5.4% for FY24 from the 5.1% forecast in June 2023.
Answer & Explanation
Answer-3) The Bank Rate is kept at 6.25%.
Explanation:
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) met on August 8-10, 2023, and released the ‘Monetary Policy Statement, 2023-24 Resolution of the MPC‘ which kept India’s real Gross Domestic Product (GDP) growth retained at 6.5% in FY24 (2023-24) with FY24’s Q1 at 8%, Q2 at 6.5%, Q3 at 6%, and Q4 at 5.7%. This is attributed to the growth in rural and urban areas, a rise in investment activity, and the government’s intention to increase capital expenditure.
• This marks the 3rd MPC meeting in FY24, following the bi-monthly policy reviews held in April 2023 and June 2023.
• Real GDP growth for Q1FY25 (April-June, 2024-25) is projected at 6.6%.
• Consumer Price Index (CPI) inflation or retail inflation is projected at 5.4% for FY24 from the 5.1% forecast in June 2023.
i. The MPC kept the policy rates unchanged in August 2023.
Category Rates
Policy Repo Rate 6.50%
Reverse Repo Rate 3.35%
Marginal Standing Facility (MSF) Rate 6.75%
Standing Deposit Facility (SDF) Rate 6.25%
Bank Rate 6.75%
Cash Reserve Ratio (CRR) 4.50%
Statutory Liquidity Ratio (SLR) 18%
- Name the bank that has recently (in August ‘23) signed an MoU with the IIITD Innovation and Incubation Centre (IIITD-IC) to support and scale up the growth of the startup ecosystem in India.
1) IndusInd Bank
2) YES Bank
3) ICICI Bank
4) HDFC Bank
5) Axis Bank
Answer & Explanation
Answer-2) YES Bank
Explanation:
IIITD Innovation and Incubation Centre (IIITD-IC), a section 8 company promoted by the Indraprastha Institute of Information Technology-Delhi (IIITD), has signed a Memorandum of Understanding (MoU) with YES Bank Limited (YES Bank) to support and scale up the growth of startup ecosystem in India.
• Aim: To enable enterprise banking, personal banking and beyond banking solutions required by the Startups.
• To bridge the gap between startups and corporates with the right and in-time mentorship.
- Which of the following points is/are “correct” with respect to the Securities and Exchange Board of India (SEBI), as of August 2023?
A) SEBI has reduced the timeline for listing securities after the closing of an Initial Public Offering (IPO) to 3 days (T+3) from the present requirement of 6 working days (T+6).
B) Singapore-based Helios Capital Management PTE Ltd has been granted approval from the Securities and Exchange Board of India (SEBI) to launch a Mutual Fund (MF) business.
C) Once launched, Helios Mutual Fund will become the 46th entity to enter into the MF industry with an Asset Under Management (AUM) of Rs.46-lakh crore.
1) Only A
2) Only A & B
3) Only B & C
4) Only A & C
5) All A, B & C
Answer & Explanation
Answer-5) All A, B & C
Explanation:
The Securities and Exchange Board of India (SEBI) has reduced the timeline for listing securities after the closing of an Initial Public Offering (IPO) to 3 days (T+3) from the present requirement of 6 working days (T+6).
• This will be an option for IPOs opening on or after September 1, 2023, and will be mandatory for public issues opening after December 1, 2023.
• According to SEBI, the reduction in timelines for listing and trading of shares will benefit both issuers and investors. Under the new guidelines, companies will have to finalise allotment before 6 pm on T+1 day. The transfer of funds will be made to unsuccessful applicants on T+2 days.
• Singapore-based Helios Capital Management PTE Ltd, which offers Portfolio Management Services (PMS) has been granted approval from the Securities and Exchange Board of India (SEBI) to launch a Mutual Fund (MF) business.
• Once launched, Helios Mutual Fund will become the 46th entity to enter into the MF industry with an Asset Under Management (AUM) of Rs.46-lakh crore.
- Name the company that has recently (in August ‘23) partnered with the Protean eGov Technologies to provide credit services on the Open Network for Digital Commerce (ONDC) network for borrowers & Micro, Small & Medium Enterprises (MSMEs).
1) PhonePe
2) Paytm
3) PayNearby
4) Policybazaar
5) MobiKwik
Answer & Explanation
Answer-3) PayNearby
Explanation:
Protean eGov Technologies(Protean) has partnered with PayNearby, a fintech platform owned by Nearby Technologies Private Limited to provide credit services on the ONDC (Open Network for Digital Commerce) network for last-mile borrowers and Micro, Small & Medium Enterprises (MSMEs).
i. Under this partnership, Protean will be an ONDC technology service provider through PayNearby’s Distribution as a Service (DaaS) network through over 12 lahks active PayNearby outlets.
ii. Protean will also aggregate Loan Service Providers (LSPs) onto a single platform.
- In August 2023, Supreme Court (SC) of India constituted an all-women committee led by _____________, former Chief Justice (CJ) of Jammu and Kashmir (J&K) High Court (HC) to oversee the relief rehabilitation and rebuilding measures in Manipur.
1) Pankaj Mithal
2) Gita Mittal
3) Kotiswar Singh
4) Vinod Chatterji Koul
5) Tashi Rabstan
Answer & Explanation
Answer- 2) Gita Mittal
Explanation:
The Supreme Court of India(SC) is set to constitute an all-women committee of 3 former High Court judges led by former Chief Justice(CJ) of Jammu and Kashmir (J&K) High Court (HC) Gita Mittal to oversee the relief rehabilitation and rebuilding measures in Manipur.
• The other members of the team include Justices Shalini Shashank Phansalkar Joshi, former Judge of Bombay HC and Justice Asha Menon, former Judge of Delhi HC.
• The committee was constituted by the SC bench comprising Dhananjaya Yeshwant Chandrachud, Chief Justice of India(CJI); Justice Jamshed Burjor Pardiwala and Justice Manoj Misra.
Note- The Supreme Court has also appointed Dattatray Padsalgikar, retired IPS officer of Maharashtra Cadre & former Director General of Police(DGP) of Maharashtra, to monitor the overall investigation of criminal cases (excluding 12 cases referred to the Central Bureau of Investigation(CBI)) from 42 state police Special Investigation Teams (SITs).
- Who has been recently (in August ‘23) appointed as the Managing Director (MD) & Chief Executive Officer (CEO) of SBI Life Insurance Company Limited?
1) Amit Jhingran
2) Sangramjit Sarangi
3) Mahesh Kumar Sharma
4) Abhijit Gulanikar
5) Anand Pejawar
Answer & Explanation
Answer-1) Amit Jhingran
Explanation:
The Insurance Regulatory and Development Authority of India (IRDAI) has approved the appointment of Amit Jhingran as the Managing Director (MD) & Chief Executive Officer (CEO) of SBI Life Insurance Company Limited (SBI Life).
i. Amit Jhingran is set to succeed Mahesh Kumar Sharma, the incumbent MD & CEO of SBI Life.
ii. Amit Jhingran is currently serving as the Chief General Manager(CGM), in State Bank of India (SBI), Hyderabad Circle, Telangana.
- The Ministry of Defense (MoD) has recently (in August ’23) decided to replace the Microsoft Operating System (OS) in all the computers with internet connectivity with the new indigenously developed OS _________ by the end of 2023
1) Indira
2) BharOS
3) Ganga
4) Maya
5) Devi
Answer & Explanation
Answer-– 4) Maya
Explanation:
The Ministry of Defense (MoD) has decided to replace the Microsoft Operating System (OS) in all the computers with internet connectivity with the new indigenously developed OS “Maya” based on open-source Ubuntu, by the end of 2023.
i. Maya OS offers several features such as cloud storage integration, full disk encryption, digital signature, biometric authentication, and a feature named “Chakravyuh.”
ii. The development of the Maya OS began in 2021 and is developed collaboratively by the Defence Research and Development Organisation (DRDO), Centre for Development of Advanced Computing (C-DAC), National Informatics Centre (NIC), along with Indian software companies and academic institutions within 6 months.
- When was the first World Steelpan Day 2023 observed across the globe by the United Nations (UN)?
1) 11th August 2023
2) 8th August 2023
3) 12th August 2023
4) 9th August 2023
5) 10th August 2023
Answer & Explanation
Answer-1) 11th August 2023
Explanation:
The United Nations (UN)’s first-ever World Steelpan Day was observed on 11th August 2023, to recognise the cultural and historical significance of the Steelpan, the National Musical instrument of Trinidad and Tobago, and its correlation to cultural, social, and economic development.
• Steelpan or steel drums originated in the islands of Trinidad and Tobago (T&T), one of the wealthiest countries in the Caribbean, during the 1930s.
Note: ‘Steelpan’ was declared as the National Musical instrument of Trinidad and Tobago in August 1992.
- Which company has recently (in August’ 23) entered into an agreement with Technology Development Board (TDB), Department of Science & Technology (DST) to the commercialisation of digitally enabled advanced universal Intensive Care Unit (ICU) ventilators?
1) M/s Bharati Robotic Systems Pvt Ltd
2) Rapyuta Robotics Pvt Ltd
3) M/s Noccarc Robotics Pvt Ltd
4) Sastra Robotics India Pvt Ltd
5) Asimov Robotics Pvt Ltd
Answer & Explanation
Answer-3) M/s Noccarc Robotics Private Ltd
Explanation:
The Technology Development Board (TDB), Department of Science & Technology (DST), has entered into an agreement with M/s Noccarc Robotics Private Ltd., Maharashtra (Mumbai), a company dedicated to the commercialisation of digitally enabled advanced universal Intensive Care Unit (ICU) ventilators.
i. TDB, as a statutory body to promote the development and commercialization of indigenous technology and the adaptation of imported technology for wider application, has promised to support Rs 3.94 crore out of the total project cost of Rs 7.89 crore.
ii. Established in the Startup Incubation and Innovation Center of the Indian Institute of Technology (IIT), Kanpur, Uttar Pradesh, M/s Noccarc embodies the spirit of innovation with its indigenously developed technology.
- Which state government has launched the Sinh Suchna Web application on the occasion of World Lion day, 10th August 2023?
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