AffairsCloud brings you the complete and important daily Current Affairs Quiz 26 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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- Name the company that has recently (in August ‘23) signed an MoU with Inland Waterways Authority of India (IWAI) to export Petroleum Cargo via National Waterways (NW)-2 (Brahmaputra) and Indo Bangladesh Protocol Route (IBPR).
1) Jamnagar Refinery Limited
2) Numaligarh Refinery Limited
3) Hindustan Petroleum Corporation Limited
4) Indian Oil Corporation Limited
5) Bharat Petroleum Corporation Limited
Answer & Explanation
Answer-2) Numaligarh Refinery Limited
Explanation:
On August 25, 2023, a Memorandum of Understanding (MoU) was signed between the Inland Waterways Authority of India (IWAI) and Numaligarh Refinery Limited (NRL) in Guwahati, Assam to use National Waterways (NW)-2 (Brahmaputra) and Indo Bangladesh Protocol Route (IBPR) for export of petroleum products to Bangladesh and other southEast Asian countries.
• The petroleum products will be transported through the IWAI’s upgraded jetty in Jogighopa in lower Assam.
- In August 2023, the Securities and Exchange Board of India (SEBI) mandated additional disclosures from Foreign Portfolio Investors (FPIs) that have concentrated holding in a single company or a group firm w.e.f. November 1, 2023.
FPIs with over 50% of Indian equity Assets Under Management (AUM) in a single corporate group get ___________ days to reduce holdings, followed by further ownership disclosures.
1) 15
2) 10
3) 30
4) 20
5) 25
Answer & Explanation
Answer-2) 10
Explanation:
On August 24, 2023, the Securities and Exchange Board of India (SEBI) mandated additional disclosures from Foreign Portfolio Investors (FPIs) that have concentrated holding in a single company or a group firm w.e.f. November 1, 2023.
i. Such FPIs will be required to identify all entities with any ownership, economic interest and control rights.
Key Points:
• FPIs with over 50% of Indian equity Assets Under Management (AUM) in a single corporate group get 10 days to reduce holdings, followed by further ownership disclosures.
• FPIs with equity AUM exceeding Rs 25,000 crore have 90 days to reduce holdings.
• Accounts of all such FPIs will be blocked for further equity purchases until the holding is brought below Rs 25,000 crore.
• If investment remains high after deadlines, 30 days for disclosures, then FPI registration invalid.
• Invalid registration leads to securities liquidation and market exit within 180 days from invalidation.
- In August 2023, the Reserve Bank of India (RBI) sanctioned the Scheme of Voluntary Amalgamation of Hyderabad, Telangana based Twin Cities Co-operative Urban Bank Limited with ___________________in Hyderabad, Telangana
1) Kranti Co-operative Urban Bank
2) Agrasen Co-Operative Urban Bank
3) Gayatri Co-Operative Urban Bank
4) A.P. Mahesh Cooperative Urban Bank
5) Sudha Co Operative Urban Bank
Answer & Explanation
Answer-1) Kranti Co-operative Urban Bank
Explanation:
The Reserve Bank of India(RBI) sanctioned the Scheme of Voluntary Amalgamation of Hyderabad (Telangana) based Twin Cities Co-operative Urban Bank Limited with Hyderabad (Telangana) based Kranti Co-operative Urban Bank Limited.
• RBI has the authority to approve the voluntary amalgamation of Urban Cooperative Banks (UCBs) based on its discretion.
• This authority is granted under Sub-Section (4) of Section 44A read with Section 56 of the Banking Regulation Act, 1949.
• These sections were modified through an amendment introduced by the Banking Regulation (Amendment) Act 2020 (Act No. 39 of 2020).
- . Name the company that has recently (in August ‘23) launched an innovative all-in-one digital financial platform.
1) Mahindra & Mahindra Financial Services Limited
2) Muthoot Fincorp Limited
3) Tata Capital Financial Services Limited
4) Aditya Birla Finance Limited
5) Bajaj Finance Limited
Answer & Explanation
Answer- 2) Muthoot Fincorp Limited
Explanation:
Muthoot Fincorp Limited(MFL), a leading Non-Banking Finance Company (NBFC) based in Thiruvananthapuram, Kerala, launched “Muthoot FinCorp ONE”, an innovative all-in-one digital financial platform.
i. The platform will provide a range of services including Micro, Small & Medium Enterprises (MSME) and Gold loans along with investment products like Digital Gold and Non-Convertible Debentures(NCDs).
ii. The platform introduced its gold loans in May 2023 and aims to add insurance, personal loans, two-wheeler loans, housing loans, and money transfer services within the next 6 months.
- In August 2023, Quinag Acquisition (FPI) Ltd offloaded its entire stake in Manappuram Finance Limited for Rs ___________ through an open market transaction.
1) 5,230 crore
2) 3,490 crore
3) 1,177 crore
4) 2,400 crore
5) 4,100 crore
Answer & Explanation
Answer- 3) 1,177 crore
Explanation:
Quinag Acquisition (FPI) Ltd, a foreign fund house, has offloaded its entire stake, 8,37,85,880 shares amounting to a 9.90% stake, in Manappuram Finance Limited, a Kerala based Non-Banking Financial Company (NBFC), for Rs 1,177 crore through an open market transaction.
i. The shares were offloaded at an average price of Rs 140.50 apiece.
ii. Bofa Securities Europe SA has acquired 62.60 lakh shares and Chartered Finance and LeasiNG has acquired 50 lakh shares of Manappuram Finance.
- Which of the following points is ‘Incorrect’ with respect to the 69th National Film Awards (2023) announced in August 2023?
1) Telugu Actor Allu Arjun became the first Telugu actor to win the National Award under Best Actor category by winning the Best Actor award for the film Pushpa (The Rise Part I) under Rajat Kamal (Silver Lotus) for feature films.
2) The Best Actress award was shared by Alia Bhatt for Gangubai Kathiawadi and Kriti Sanon for Mimi under Rajat Kamal(Silver Lotus) for feature films.
3) Rocketry: The Nambi Effect, directed by R Madhavan won the Best Feature Film award under Swarna Kamal (Golden Lotus) Award for Feature Film.
4) The Kashmir Files directed by Vivek Ranjan Agnihotri won the Nargis Dutt Award for Best Film on National Integration.
5) RRR(Rise Roar Revolt), a Telugu film directed by S. S. Rajamouli has won 8 awards.
Answer & Explanation
Answer-5) RRR(Rise Roar Revolt), a Telugu film directed by S. S. Rajamouli has won 8 awards.
Explanation:
On 24th August 2023, the winners of the 69th National Film Awards (2023) were announced by the jury panel during the event held at the National Media Centre, New Delhi, Delhi. Anurag Thakur, the Union Minister for Information and Broadcasting, was presented with the list of the winners.
• 69th National Film Awards honoured the best films of 2021 in Indian cinema.
• Telugu Actor Allu Arjun won the Best Actor award for the film Pushpa (The Rise Part I) under Rajat Kamal(Silver Lotus) for feature films. With this, he became the first Telugu actor to win the National Award under Best Actor category.
• The Best Actress award was shared by Alia Bhatt for Gangubai Kathiawadi and Kriti Sanon for Mimi under Rajat Kamal(Silver Lotus) for feature films.
• Rocketry: The Nambi Effect, directed by R Madhavan won the Best Feature Film award under Swarna Kamal (Golden Lotus)Award for Feature Film.
• The Kashmir Files directed by Vivek Ranjan Agnihotri won the Nargis Dutt Award for Best Film on National Integration.
• RRR(Rise Roar Revolt), a Telugu film directed by S. S. Rajamouli, has won the most number of awards i.e. 6 at the 69th National Film Awards.
- Which of the following tennis players has been recently (in August ‘23) appointed as the ambassador of Infosys Limited?
1) Novak Djokovic (Serbia)
2) Rafael Nadal (Spain)
3) Iga Świątek (Poland)
4) Both 1 & 3
5) Both 2 & 3
Answer & Explanation
Answer-5) Both 2 & 3
Explanation:
Infosys Limited, an Indian multinational information technology (IT) company, has signed a 3 years partnership with Spanish Tennis Icon Rafael Nadal appointing him as the ambassador for its brand and Infosys’ Digital Innovation.
• Infosys and Rafael Nadal entered into a three-year partnership.
• This marks Nadal‘s first-ever collaboration with a digital services company.
i. Infosys Limited also signed a multi-year partnership with women’s tennis World No. 1 Iga Świątek of Poland, appointing him as the ambassador to promote digital innovation and inspire women worldwide.
- According to the “State of India’s Birds 2023: Range, Trends and Conservation Status” report released in August 2023, out of the 338 bird species studied in India, ___________ of bird species have declined over the past 30 years.
1) 40%
2) 60%
3) 80%
4) 50%
5) 70%
Answer & Explanation
Answer-2) 60%
Explanation:
According to the report titled “State of India’s Birds 2023: Range, Trends and Conservation Status”, out of the 338 bird species studied in India, 60% of bird species have declined over the past 30 years.
• The 2023 report is the 2nd iteration of the State of India’s Birds report.
i. The report was produced as a partnership between 13 organisations which includes the Bombay Natural History Society(BNHS), the Wildlife Institute of India(WII), and the Zoological Survey of India(ZSI).
ii. The report was created to assess the conservation status of the migratory species that regularly occur in India.
• The 2023 report has assessed a total of 942 species of Indian birds and long-term trends could be determined for 338 species.
• The current annual trends could be determined for 359 species, of which 142 have declined (64 rapidly), 189 are stable, and 28 have increased.
• Around 40% (142) of the 359 species evaluated for change over the last 7 years have declined.
- Which of the following points is/are “correct” with respect to the International Chess Federation (FIDE) World Chess Cup 2023 held in Baku, Azerbaijan in July and August 2023?
A) Norwegian Grandmaster (GM) and World No. 1 player Magnus Carlsen won his first FIDE World Cup title by defeating India’s GM Rameshbabu Praggnanandhaa in the FIDE Chess World Cup 2023 finals.
B) Aleksandra Goryachkina of Russia won the 2023 FIDE Women’s Chess World Cup title by defeating Nurgyul Salimova of Bulgaria in the finals.
C) Praggnanandhaa becomes the first Indian since Viswanathan Anand to reach the Chess World Cup final in 2002 and became the third-youngest player to qualify for this event after Carlsen and GM Bobby Fischer.
1) All A, B & C
2) Only A & B
3) Only B & C
4) Only A & C
5) Only A
Answer & Explanation
Answer-1) All A, B & C
Explanation:
Norwegian Grandmaster (GM) and World No. 1 player Magnus Carlsen won his first International Chess Federation (FIDE) World Cup title by defeating India’s GM Rameshbabu Praggnanandhaa in the FIDE Chess World Cup 2023 finals.
• The 10th edition of the FIDE Chess World Cup 2023 was held from 29th July to 24th August 2023 in Baku, Azerbaijan.
• Fabiano Caruana of the United States of America(USA) defeated Nijat Asabov of Azerbaijan to secure the 3rd place.
• Carlsen defeated Praggnanandhaa in the tie-breaker after the two classical games ended in a stalemate.
• Praggnanandhaa becomes the first Indian since Viswanathan Anand to reach the Chess World Cup final in 2002.
• Praggnanandhaa’s performance in the World Cup earned him a spot in the 2024 FIDE Candidates Chess Tournament in Toronto, Canada.
• Praggnanandhaa (18-year-old) is the third-youngest player to qualify for this event after Carlsen and GM Bobby Fischer.
• This was the first time four Indians qualified for the quarterfinals including Praggnanandhaa, Vidit Santosh Gujrathi, D. Gukesh, and Arjun Erigaisi.
• Alongside FIDE World Cup 2023, the 2nd edition of the Women’s only version of the Women’s World Cup 2023 took place in Baku, Azerbaijan from 29th July to 22nd August 2023.
• Aleksandra Goryachkina of Russia won the 2023 FIDE Women’s Chess World Cup title by defeating Nurgyul Salimova of Bulgaria in the finals.
- Name the state government that has recently (in August ‘23) launched the Manav Sampada portal to ensure transparency in the work of all the officers and employees.
1) Bihar
2) Andhra Pradesh
3) Uttar Pradesh
4) Gujarat
5) Maharashtra
Answer & Explanation
Answer-3) Uttar Pradesh
Explanation:
The government of Uttar Pradesh (UP) launched the Manav Sampada portal to ensure transparency in the work of all the officers and employees of all 74 departments in the UP government.
i. Section 5, a new division will be established within the Personnel department to oversee the operations and manage the portal.
ii. National Informatics Centre (NIC) will oversee the security of the portal to ensure cyber safety.
iii. The UP government has also instructed the officials to declare their movable and immovable assets on the portal before December 2023.
- Name the company that has recently (in August ‘23) signed an MoU with Inland Waterways Authority of India (IWAI) to export Petroleum Cargo via National Waterways (NW)-2 (Brahmaputra) and Indo Bangladesh Protocol Route (IBPR).
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