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Current Affairs Quiz: 15 & 16 August 2021

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AffairsCloud brings you the complete and important daily Current Affairs 15 & 16 August 2021 Quiz 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 2021 updates.

Our Current Affairs August 2021 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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Top 10 Questions Based on Current Affairs 15 & 16 August 2021

Remaining questions are available in CareersCloud APP, Course Name – Crack Current Affairs 2021 – Click Here to Download the APP

  1. Identify the points that are correctly related to the newly amended Plastic Waste Management Rules, 2021.
    A) Manufacture, import, sale and use of single-use plastic items like polystyrene commodities is prohibited
    B) Identified Single Use Plastic items will be banned from 31st December 2021
    C) The proposal increased the thickness of Plastic Carry bags to 120 microns from 31st December 2022
    1) All A, B & C
    2) Only C
    3) Only A & C
    4) Only B
    5) Only B & C
    Answer-3) Only A & C
    In August 2021, the Central Government amended the Plastic Waste Management (PWM) Rules, 2016 with Plastic Waste Management (Amendment) Rules, 2021.
    i.It prohibits the use of identified single use plastic items with low utility and high littering potential w.e.f. July 1, 2022.
    ii.The manufacture, import, stocking, distribution, sale and use of following single-use plastic, including polystyrene and expanded polystyrene, commodities is prohibited
    iii.With effect from September 30, 2021, the thickness of plastic carry bags has been increased from 50 microns to 75 microns.
    Then from December 31, 2022, it will be increased to 120 microns.

  2. Who will be benefited through the Rs 1625 crore financial assistance announced by PM Narendra Modi during the ‘Atmanirbhar Narishakti se Samvad’ organised under DAY-NRLM?
    1) Women Self Help Groups
    2) MSME exporters
    3) Farmer Producer Organisations
    4) Solar Panel Manufacturers
    5) Children Orphaned by Covid-19
    Answer-1) Women Self Help Groups
    In August, 2021, the Prime Minister Narendra Modi virtually participated in ‘Atmanirbhar Narishakti se Samvad’ where he interacted with women Self Help Groups (SHG) members/community resource persons promoted under the Deendayal Antyodaya Yojana-National Rural Livelihoods Mission (DAY-NRLM).
    i.There he announced a financial support of Rs. 1625 Crore to over 4 lakh Women SHGs to promote entrepreneurship among women.

  3. In August 2021, the Environment Ministry included 4 wetland sites to the Ramsar Convention List. What are the points that are correctly related to the initiatives?
    A) Odisha’s Thol Lake Wildlife Sanctuary and Punjab’s Wadhvana Wetland were among the newly added sites
    B) The entry of Sultanpur National Park & Bhindawas Wildlife Sanctuary led to the creation of 1st Ramsar Sites in Haryana
    C) With the addition of 4 sites, India now has a total of 39 Ramsar Sites
    1) All A, B & C
    2) Only C
    3) Only A & C
    4) Only B
    5) Only B & C
    Answer- 4) Only B
    In August 2021, the Ministry of Environment, Forest and Climate Change announced the addition of 4 more wetlands from India, 2 each from Gujarat and Haryana were included to the Ramsar Convention site list.
    Thol Lake Wildlife Sanctuary, Gujarat
    Wadhvana Wetland, Gujarat
    Sultanpur National Park, Gurgaon, Haryana
    Bhindawas Wildlife Sanctuary, Jhajjar, Haryana.
    i.With this, the number of Ramsar sites in India became 46 and Haryana got its 1st Ramsar site.

  4. Which State(s) were ranked 1st in “The Transparency Index: Rating of Pollution Control Boards on Public Disclosure” report released by Centre for Science and Environment?
    1) Odisha
    2) Gujarat
    3) Telangana
    4) Both 1 & 2
    5) Both 1 & 3
    Answer-5) Both 1 & 3
    The State Pollution Control Boards (SPCBs) of Odisha and Telangana have been ranked 1st in “The Transparency Index: Rating of Pollution Control Boards on Public Disclosure” report released by Centre for Science and Environment (CSE)

  5. In August 2021, India participated in the 7th IBSA Academic Forum 2021 that was organised virtually by the autonomous think-tank, Research & Information System for Developing Countries (RIS). RIS belongs to which country?
    1) India
    2) Brazil
    3) South Africa
    4) Saudi Arabia
    5) Jointly under India, Brazil & South Africa
    Answer-1) India
    The 7th IBSA (India, Brazil, South Africa) Academic Forum 2021 was held virtually on August 11-12, 2021. It was hosted by the Research and Information System for Developing Countries (RIS), an autonomous think-tank of the Ministry of External Affairs, Government of India.
    i.India is the Current Chair of IBSA.
    ii.India also virtually organized the IBSA Tourism Ministers Meeting 2021.

  6. Name the Organisation that recently (in Aug’21) became the co-organiser of “International Climate Summit (ICS) 2021”
    1) National Informatics Centre
    2) Quality Council of India
    3) Invest India
    4) Indian Institute of Foreign Trade
    5) Bureau of Indian Standards
    Answer-3) Invest India
    Invest India, the National Investment Promotion and Facilitation Agency of the Government of India has joined the ‘International Climate Summit 2021 (ICS 2021)’ as co-organizer.
    i.The summit plans for India’s transition to clean energy with special focus on ‘Powering India’s Hydrogen Ecosystem’.

  7. In August 2021, RBI issued the draft documents on Foreign Exchange Management (FEM) Rules, 2021 and FEM (OI) Regulations, 2021.
    What are the points that are correctly related to the initiatives made in the draft documents?
    A) Overseas Investments can be made only on foreign entities that are FATF Compliant Countries
    B) Indian Residents are prohibited from making Overseas Direct Investments in Real Estate & Gambling
    C) Indian Entities can invest in debt instruments of foreign entities with a backup loan agreement
    1) All A, B & C
    2) Only C
    3) Only A & C
    4) Only B
    5) Only B & C
    Answer-1) All A, B & C
    RBI has issued two draft documents viz, Foreign Exchange Management (FEM) Rules, 2021 and FEM (OI) Regulations, 2021 by rationalizing the existing provisions that are governing overseas investment.
    i.Prohibited Overseas Investments (OI) in a foreign entity located in countries/ jurisdictions that are not Financial Action Task Force (FATF) and International Organization of Securities Commissions (IOSCO) compliant countries.
    ii.A person resident in India is prohibited from making Overseas Direct Investment (ODI) in a foreign entity engaged in Real estate activity, Gambling
    iii.Indian entity to lend or invest in any debt instruments issued by a foreign entity subject to such loans duly backed by a loan agreement.

  8. Identify the financial institution that was imposed with a penalty of Rs 1 crore by RBI (in Aug’21) for non-compliance with directions on transfer of reserve funds.
    1) Cooperatieve Rabobank UA
    2) Saraswat Cooperative Bank
    3) Cosmos Cooperative Bank
    4) TJSB Cooperative Bank
    5) Shamrao Vithal Cooperative Bank
    Answer-1) Cooperatieve Rabobank UA
    RBI imposed a monetary penalty of Rs 1 crore on Mumbai based Cooperatieve Rabobank UA, for non-compliance on directions related to ‘transfer to reserve funds’.
    i.RBI also imposed a penalty of Rs 5 lakh on Village Financial Services Ltd, Kolkata, for non-compliance with certain KYC Directions

  9. Name the bank that partnered with KerditBee & RuPay to launch the virtual prepaid card – “KreditBee Card”.
    1) RBL Bank
    2) CSB Bank
    3) DBS Bank India
    4) Citibank
    5) Axis Bank
    Answer-1) RBL Bank
    KreditBee, the digital lending platform, in partnership with RuPay and RBL Bank launched a virtual prepaid card named ‘KreditBee Card’ in RuPay platform.
    i.Under the card, the customers could avail credit limit of up to Rs 10,000, which has to be repaid in a single billing cycle within 45 days.

  10. Which bank partnered with ODeX India to launch ‘ODeX Pay Later Solutions’ – a comprehensive financial solution for the Shipping industry?
    1) RBL Bank
    2) CSB Bank
    3) DBS Bank
    4) Kotak Mahindra Bank
    5) Axis Bank
    Answer-3) DBS Bank
    DBS Bank India made a partnership with ODeX India Solutions Pvt. Ltd to introduce ‘ODeX Pay Later Solutions’ powered by DBS to provide a comprehensive credit solution for all transactions related to the shipping industry.