AffairsCloud brings you the complete and important daily Current Affairs Quiz 24 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.
- Name the organisation that has recently (in August ‘23) entered into a MoU with the Ministry of Development of North Eastern Region (MDoNER) to enhance and accelerate Sustainable Development Goals (SDGs) in northeastern regions of India.
1) Asian Development Bank
2) International Labour Organization
3) World Bank
4) United Nations Development Programme
5) United Nations Environment ProgrammeAnswer-4) United Nations Development Programme
Explanation:
On 22nd August 2023, the Ministry of Development of North Eastern Region (MDoNER) and the United Nations Development Programme (UNDP), the UN’s Global Development Network, entered into a MoU to enhance and accelerate Sustainable Development Goals (SDGs) in northeastern regions of India.
• The Ministry of DoNER has taken steps across critical sectors such as infrastructure, connectivity, health, education, climate change, and economic growth to transform the lives of the people in the northeast region.
• In this collaboration, UNDP has been the key partner for the Ministry in promoting data-driven decision-making, especially through the NorthEast Region (NER) District SDG Index.
• NER District SDG Index helped in forming the flagship Prime Minister’s Development Initiative for North Eastern Region (PM-DevINE) scheme - In August 2023, the National Tiger Conservation Authority (NTCA) approved the Dholpur-Karauli Tiger Reserve of ___________ (state) as 54th Tiger Reserve of India.
1) West Bengal
2) Karnataka
3) Rajasthan
4) Maharashtra
5) Uttar PradeshAnswer-3) Rajasthan
Explanation:
National Tiger Conservation Authority (NTCA) which operates under the Ministry of Environment, Forest and Climate Change (MoEFCC) of the Government of India, has officially approved The Karauli-Sarmathura-Dholpur sanctuary in Rajasthan as Dholpur-Karauli Tiger Reserve of India under Project Tiger.
i. It becomes the 5th Tiger reserve of Rajasthan and 54th Tiger Reserve of India.
ii. The forest covers an area of 1,058 square kilometres (368 sq km of core area and 690 sq km of buffer area) and currently has 9 tigers. - Which company has recently (in August ‘23) received USD 100 million investment from International Finance Corporation (IFC) to increase access to housing finance among economically weaker sections (EWS) and Low-Income Groups (LIG) in India?
1) India Home Loans Ltd
2) Gic Housing Finance Ltd
3) IIFL Home Finance Ltd
4) Indiabulls Housing Ltd
5) LIC Housing Finance LtdAnswer-3) IIFL Home Finance Ltd
Explanation:
International Finance Corporation (IFC), a member of the World Bank Group, has invested up to USD 100 million in IIFL Home Finance Ltd (IIFL HFL), to increase access to housing finance among economically weaker sections (EWS) and Low-Income Groups (LIG), including women borrowers in India.
i. The investment also aims to induce India’s affordable housing space, promote green construction, and support India’s climate goals.
ii. Through this partnership with IFC, IIFL HFL aims to bring sustainable living in self-constructed houses.
Note: IIFL HFL is a subsidiary of IIFL Finance Limited, formerly known as IIFL Holdings Limited, doing business as India Infoline Finance Limited(IIFL). - Name the Insurance company that has recently (in August ‘23) launched “Smallcap Quality Index Fund” in the Unit Linked Insurance Plan (ULIP) segment.
1) Max Life Insurance
2) Bajaj Allianz Life Insurance
3) ICICI Prudential Life Insurance
4) SBI Life Insurance
5) Tata AIA Life InsuranceAnswer-1) Max Life Insurance
Explanation:
Max Life Insurance Company Limited (Max Life) launched “NIFTY Smallcap Quality Index Fund” in the Unit Linked Insurance Plan (ULIP) segment to provide an opportunity to capitalise on the growth potential of smallcap companies, aiming for long term index linked returns.
i. This is the first smallcap index fund of the life insurance segment.
ii. Max Life Nifty Small Cap Quality Index Fund is similar to Nifty Smallcap 250 Quality 50 Index which offers 22% Compound annual growth rate (CAGR) for 10 years. - In August 2023, ICRA Limited projected India’s economic growth at ___________ in the April 2023 to June 2023 period – 1st Quarter of financial year 2023-24 (Q1FY24).
1) 8.0%
2) 8.5%
3) 6.1%
4) 7.5%
5) 7.9%Answer-2) 8.5%
Explanation:
On August 22, 2023, ICRA Limited (formerly Investment Information and Credit Rating Agency of India Limited) projected that India’s economic growth will accelerate to 8.5% in the April 2023 to June 2023 period – 1st Quarter of financial year 2023-24 (Q1FY24) from the 6.1% growth rate witnessed in the January 2023 -March 2023 quarter (Q4FY23).
i. ICAR has projected that the real Gross domestic product (GDP) growth of India will be maintained at 6% for FY24 which is lower than the RBI estimates of 6.5%.
ii. India’s Q1FY24 GDP increase is supported by a strong Q1FY23 base, improved profit margins, and service sector revival. - Which company has recently (in August ‘23) entered into an MoU with NHPC Limited to construct a railway siding for 2,880 megawatts (MW) of Dibang Multi-Purpose Project development at Pasighat, Arunachal Pradesh?
1) Amtek Railcar Industries
2) RailTel Corporation of India Limited
3) RITES Limited
4) Engineers India Limited
5) Rail Vikas Nigam LimitedAnswer-3) RITES Limited
Explanation:
NHPC Limited has entered into a Memorandum of Understanding (MoU) with RITES Ltd, previously known as Rail India Technical and Economic Service Limited to construct a railway siding at Pasighat, Arunachal Pradesh, in support of NHPC’s 2,880 megawatts (MW), Dibang Multi-Purpose Project development.
i. NHPC Limited (erstwhile National Hydroelectric Power Corporation) is a prestigious Miniratna (Category–I) Schedule ‘A’ Public Sector Enterprise (PSE) under the Ministry of Power while RITES is a distinguished Miniratna Schedule ‘A’ Central Public Sector Undertaking (PSU) under the Ministry of Railways.
ii. NHPC’s total installed capacity is 7,097.2 MW of renewable power including Wind & Solar, through its 25 power stations including 1,520 MW through subsidiaries. - Which country has recently (in August ‘23) elected Srettha Thavisin as the 30th Prime Minister (PM)?
1) Türkiye
2) Maldives
3) Philippines
4) Thailand
5) IndonesiaAnswer-4) Thailand
Explanation:
On 22nd August 2023, Srettha Thavisin (61 years old) of Pheu Thai Party (PTP) was elected as the 30th Prime Minister (PM) of Thailand after winning the joint vote of the bicameral parliament.
i. He has also received the approval from the Thai King Maha Vajiralongkorn to assume the office as PM of Thailand.
ii. He succeeds Prayut Chan-o-cha, the 29th PM of Thailand (2014 to 2023), who announced retirement from politics in July 2023. - In August 2023, the Light Combat Aircraft (LCA) Naval Trainer Prototype ‘NP5‘ successfully completed its maiden flight in Bengaluru, Karnataka.
Which of the following companies/agencies has designed and developed the LCA Navy?
1) Aeronautical Development Agency
2) Hindustan Aeronautics Limited
3) Defence Research and Development Organisation
4) Both 1 & 2
5) Both 1 & 3Answer-4) Both 1 & 2
Explanation:
The Light Combat Aircraft (LCA) Naval Trainer Prototype ‘NP5‘ successfully completed its maiden flight in Hindustan Aeronautics Limited (HAL) Airport, Bengaluru, Karnataka.
i. LCA Navy is designed and developed jointly by Aeronautical Development Agency (ADA) and HAL.
ii. Captain Amit Kawade of the Indian Navy and Wing Commander Siddarth Singh (Retired) piloted the aircraft, which was flying for 57 minutes and displayed normal parameters during the mission.
iii. The LCA Navy NP5 is equipped with cutting-edge technology such as a fly-by-wire flight control system, a glass cockpit, and modern mechanical systems.
• LCA Navy demonstrated 18 arrested landings and ski-jump takeoffs from Indian Navy Ship (INS) Vikramaditya in 2020, including hot refuelling capability. - In August 2023, Union Minister of State of Science & Technology Dr.Jitendra Singh launched CSIR Prima ET11, India’s 1st indigenous e-Tractor.
Which Institute of Council of Scientific & Industrial Research (CSIR) has developed the CSIR Prima ET11?
1) Central Mechanical Engineering Research Institute (CMERI)
2) National Environmental Engineering Research Institute (NEERI)
3) Advanced Materials and Processes Research Institute (AMPRI)
4) National Geophysical Research Institute(NGRI)
5) Structural Engineering Research Centre(SERC)Answer-1) Central Mechanical Engineering Research Institute (CMERI)
Explanation:
Union Minister of State(MoS) Dr.Jitendra Singh, Ministry of Science & Technology, launched CSIR Prima ET11, India’s 1st indigenous e-Tractor. It was developed by the Council of Scientific & Industrial Research (CSIR) -Central Mechanical Engineering Research Institute (CMERI), Durgapur, West Bengal.
i. He also released a book by CSIR-Central Institute of Medicinal and Aromatic Plants (CIMAP) and a compendium on 75 technologies developed by CSIR.
ii. This event highlights the introduction of advanced technology in the form of electric tractors to promote sustainability and innovation in the agricultural sector. - When was the United Nations (UN) International Day for the Remembrance of the Slave Trade and its Abolition 2023 was observed across the globe?
1) 19th August 2023
2) 21st August 2023
3) 23rd August 2023
4) 20th August 2023
5) 22nd August 2023Answer-3) 23rd August 2023
Explanation:
The United Nations (UN)’s International Day for the Remembrance of the Slave Trade and its Abolition 2023 was observed on 23rd August 2023 to remind people of the tragedy of the transatlantic slave trade during colonial rule and to raise awareness about the abolition of slave trading and related practices.
i. This date also pays tribute to those who worked hard to abolish the slave trade and slavery throughout the world.
ii. The annual observance of the day is led by the United Nations Educational, Scientific and Cultural Organization (UNESCO).
iii. The day was first observed in Haiti on 23rd August 1998 and Gorée Island in Senegal on 23rd August 1999.
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