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Current Affairs Quiz: 20 August 2022

AffairsCloud brings you the complete and important daily Current Affairs Quiz 20 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. In August 2022, the Ministry of Steel extended the last date for receipt of applications under the Production Linked Incentive (PLI) Scheme for Specialty Steel till ________ from 31st July, 2022.
      1) 31st December 2022
      2) 25th August 2022
      3) 10th October 2022
      4) 15th September 2022
      5) 1st November 2022
      Answer & Explanation
      Answer-4) 15th September 2022
      Explanation:
      The Union Ministry of Steel extended the last date for receipt of applications under the Production Linked Incentive (PLI) Scheme for Specialty Steel till September 15, 2022 from July 31, 2022.
      i. The last date has been extended multiple times since the scheme was launched in 2021.

    2. Name the organisation that recently (in Aug ‘22) signed an MoU with the Indian Railway Catering and Tourism Corporation (IRCTC) to ensure the safety of booking data under the Air E-Ticket Service.
      1) Assam Rifles
      2) Central Reserve Police Force
      3) Border Security Force
      4) Indo-Tibetan Border Police
      5) Sashastra Seema Bal
      Answer & Explanation
      Answer- 3) Border Security Force
      Explanation:
      The Border Security Force (BSF) signed an MoU with the Indian Railway Catering and Tourism Corporation (IRCTC) to ensure the safety and security of booking data for BSF personnel with low cancellation charges and provided an online portal with a credit facility of 60 days.
      i. This will enable better facilities to the BSF personnel who guard 3,323 km of India-Pakistan and 4,096 km India-Bangladesh borders.

    3. Name the organisation that recently (in Aug ‘22) issued new guidelines for Alternative Investment Funds (AIFs) and Venture Capital Funds (VCFs) for making investments abroad.
      1) Insurance Regulatory and Development Authority
      2) Securities and Exchange Board of India
      3) Reserve Bank of India
      4) National Bank for Agriculture and Rural Development
      5) Small Industries Development Bank of India
      Answer & Explanation
      Answer-2) Securities and Exchange Board of India
      Explanation:
      The Securities and Exchange Board of India (SEBI) issued new guidelines for Alternative Investment Funds (AIFs) and Venture Capital Funds (VCFs) for making investment abroad, under which overseas investor firms won’t need to have an Indian connection.
      i. These regulations have been issued in terms of Regulation 12(ba) of erstwhile SEBI (Venture Capital Funds) Regulations 1996 and Regulation 15(1)(a) of SEBI (Alternative Investment Funds) Regulations, 2012, AIFs/VCFs.
      ii. While the information for the same is issued in exercise of powers conferred under Section 11(1) of SEBI Act 1992 to protect the interest of investors in the securities market.

    4. In August 2022, the Reserve Bank of India (RBI) cancelled the licence of which co-operative bank due to inadequate capital and no earning prospects?
      1) Abhyudaya Co-operative Bank
      2) Deccan Urban Co-operative Bank
      3) Saraswat Co-operative Bank
      4) Lucknow Urban Co-operative Bank
      5) Shamrao Vithal Co-operative Bank
      Answer & Explanation
      Answer- 2) Deccan Urban Co-operative Bank
      Explanation:
      The Reserve Bank of India (RBI) cancelled the licence of Deccan Urban Co-operative Bank Limited, Vijayapur, Karnataka as it does not have adequate capital and earning prospects.
      i. The bank is prohibited from conducting the ‘business of banking’ as defined in Section 5(b) read with Section 56 of the Banking Regulation Act, 1949 with immediate effect.
      ii. As per the data, more than 99 percent of the depositors are entitled to receive the full amount of their deposits from Deposit Insurance and Credit Guarantee Corporation (DICGC).

    5. Which life insurance company recently (in Aug ‘22) launched ‘#PlayForOurHeroes’ campaign in order to celebrate the 75th Independence Day?
      1) Birla Sun Life Insurance
      2) Exide Life Insurance
      3) Bajaj Allianz Life Insurance
      4) Edelweiss Tokio Life Insurance
      5) Aegon Life Insurance
      Answer & Explanation
      Answer-5) Aegon Life Insurance
      Explanation:
      Life Insurance Company Aegon Life Insurance Company (ALIC) has launched ‘#PlayForOurHeroes’ campaign in order to celebrate the 75th Independence Day.
      i. The campaign uses gamification to create awareness about insurance and raise funds for Armed Forces Flag Day Fund (AFFDF).
      ii. This online game has been launched to spread awareness about the importance of life insurance.

    6. Name the union minister who recently (in Aug ‘22) released a book “Transforming India- Governance for Atmanirbhar Bharat” & “Adhigam”, ISTM’s Journal on ‘Research on Training and Governance’.
      1) Subrahmanyam Jaishankar
      2) Anurag Singh Thakur
      3) Virendra Kumar
      4) Jitendra Singh
      5) Dharmendra Pradhan
      Answer & Explanation
      Answer-4) Jitendra Singh
      Explanation:
      Union Minister of State (MoS) Science & Technology Dr Jitendra Singh addressed the Assistant Section Officers (Probationers) of 2019 Batch at the Institute of Secretariat Training & Management (ISTM) in New Delhi.
      i. Dr Jitendra Singh released a book “Transforming India- Governance for Atmanirbhar Bharat” & “Adhigam”, ISTM’s Journal on ‘Research on Training and Governance’ on the occasion.

    7. Who co-authored the book, “Men of Steel- Military Leadership for India” along with Ajay Kumar Singh?
      1) Pradeep Singh
      2) Yash Mor
      3) Upendra Dwivedi
      4) Yogendra Dimri
      5) B. S. Raju
      Answer & Explanation
      Answer- 2) Yash Mor
      Explanation:
      Indian Army Chief General Manoj Pande released the book “Men of Steel- Military Leadership for India”, a collection of essays, authored by Major General Yash Mor (retd.) and Lieutenant General Ajay Kumar Singh (retd.).
      i. It was published by KW Publishers Pvt Ltd. “Men of Steel” was produced by think-tank Centre of Land Warfare Studies (CLAWS).
      ii. In total, “Men of Steel” has 15 chapters, which were contributed by retired officers and non-military authors.

    8. “Madam Sir: The Story of Bihar’s First Lady IPS Officer” is the autobiography of whom?
      1) Merin Joseph
      2) Aparajita Rai
      3) Manjari Jaruhar
      4) Vimal Mehra
      5) Soumya Sambasivan
      Answer & Explanation
      Answer- 3) Manjari Jaruhar
      Explanation:
      Manjari Jaruhar, a Retired Indian Police Service (IPS) officer and an Advisor of Tata Consultancy Services (TCS) has penned her autobiography titled “Madam Sir: The Story of Bihar’s First Lady IPS Officer”.
      i. The book detailing the life and times of Bihar’s first lady IPS officer is expected to be Published in October.
      ii. The book is published by Ebury Press Imprint of Penguin Random House India (PRHI).

    9. The United Nations (UN)’s World Humanitarian Day (WHD) 2022 observed on __________.
      1) 19th August 2022
      2) 18th August 2022
      3) 17th August 2022
      4) 16th August 2022
      5) 15th August 2022
      Answer & Explanation
      Answer- 1) 19th August 2022
      Explanation:
      The United Nations (UN)’s World Humanitarian Day (WHD) 2022 is observed on August 19 2022 to commemorate the humanitarian workers who have committed their lives to help others in the most extreme circumstances around the world.
      i. World Humanitarian Day is a campaign by the United Nations Office for the Coordination of Humanitarian Affairs (UN OCHA).
      ii. The First World Humanitarian Day was commemorated on 19th August 2009.

    10. Which state government recently (in Aug ‘22) signed an MoU with the Central Power Research Institute (CPRI), Bengaluru, Karnataka, to set up central India’s largest regional testing laboratory and testing centre?
      1) Maharashtra
      2) Chhattisgarh
      3) Andhra Pradesh
      4) Jharkhand
      5) Madhya Pradesh
      Answer & Explanation
      Answer- 2) Chhattisgarh
      Explanation:
      Central Power Research Institute (CPRI), Bengaluru, Karnataka, has signed an MoU with the Chhattisgarh Government to set up central India’s largest regional testing laboratory and testing centre at Atal Nagar-Nava Raipur (Naya Raipur), Chhattisgarh.
      i. The National level testing unit will be settled on an area of 10 acres which does have test facilities for transformers, transformer oil, switch fuse unit, and other electrical equipment.





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