AffairsCloud brings you the complete and important daily Current Affairs Quiz 29 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.
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- Which company has recently (in August ‘23) has signed a contract with the Ministry of Defence to acquire five indigenously built Fleet Support Ships (FSS) for the Indian Navy worth Rs.19,000 crore?
1) Garden Reach Shipbuilders & Engineers
2) Mazagon Dock Shipbuilders Limited
3) Hindustan Shipyard Limited
4) Goa Shipyard Limited
5) Cochin Shipyard LimitedAnswer-3) Hindustan Shipyard Limited
Explanation:
Approved by the Cabinet Committee on Security, The Ministry of Defence has signed a contract with Hindustan Shipyard Limited (HSL), Visakhapatnam (Andhra Pradesh) for the acquisition of five indigenously built Fleet Support Ships (FSS) for the Indian Navy worth 19,000 crore (approximately).
About The Fleet Support Ships (FSS):
• The FSS will be built with a length of 225 metres and a width of 32 metres and will have a displacement of 44,000 tonnes.
• It will be deployed for restocking ships at sea with fuel, water, ammunition and stores
• These ships can also be deployed for evacuation of people and human assistance and disaster relief (HADR) operations.
• The 44,000-tonnes FSS will be the first of its kind to be constructed in India by an Indian Shipyard and will be successfully delivered in eight years. - Which bank, along with Maptrasco, has recently (in August ‘23) completed the first “live” transaction of electronic Bills of Lading (eBL) for shipments between Singapore and India?
1) Standard Chartered Bank
2) Citi Commercial Bank
3) HSBC Bank
4) DBS Bank
5) Barclays BankAnswer-4) DBS Bank
Explanation:
DBS Bank Ltd (formerly known as Development Bank of Singapore Limited) in collaboration with Maptrasco, a Singapore-based commodities trader, has completed the first “live” transaction of electronic Bills of Lading (eBL) for shipments between Singapore and India.
i. The transaction was implemented under the TradeTrust framework, an initiative by the Infocomm Media Development Authority (IMDA) and supported by Enterprise Singapore.
ii. With this first shipment, businesses in Singapore and India can now access the benefits of the TradeTrust network via their preferred TradeTrust-enabled platforms.
iii. The TradeTrust network can enable the digital trade finance of live shipments of goods between the 2 countries. - Name the bank that has recently (in August ‘23) partnered with Zaggle to launch a co-branded corporate credit card.
1) HDFC Bank
2) YES Bank
3) ICICI Bank
4) Axis Bank
5) IndusInd BankAnswer-2) YES Bank
Explanation:
Yes Bank Ltd launched a co-branded Corporate Credit Card named ‘YES BANK Zaggle Corporate Credit Card’ in partnership with Zaggle, a spend management platform, to empower businesses to redefine their corporate payments, expenditure management, and cash flow optimisation.
i. The card provides a solution by granting businesses direct authority over company expenses. This includes setting individual spending limits, applying merchant category restrictions, and implementing diverse controls.
ii. The card will facilitate businesses to bring in greater cost efficiencies by facilitating integration with Zaggle’s ZatiX, a spend management and analytics platform, allowing corporates to optimise cash outflows.
iii. Yes Bank’s partnership with Zaggle allows businesses to enhance their operational efficiency by consolidating banking transactions, managing business expenses, and offering a centralized solution for tracking all business-related overheads. - Which cooperative Bank has recently (in August ‘23) tied up with the Life Insurance Corporation of India (LIC) to increase the distribution of life insurance products through the Bancassurance channel?
1) Saraswat Co-operative Bank
2) Shri Anand Co-operative Bank
3) Shamrao Vithal Co-operative Bank
4) Abhyudaya Co-operative Bank
5) Kalupur Commercial Co-operative BankAnswer-1) Saraswat Co-operative Bank
Explanation:
Life Insurance Corporation of India (LIC) tied up with a Mumbai (Maharashtra) headquartered Saraswat Cooperative Bank Ltd., India’s largest urban cooperative bank, to increase the distribution of life insurance products through the Bancassurance channel.
i. Citizens and Customers of Saraswat Bank can now purchase LIC insurance products directly through Saraswat Bank.
ii. LIC, being the premier insurer of India, has insurance products for all segments of society, from annuity, Unit-Linked Insurance Plans (ULIP), and term insurance to savings plans. - In August 2023, Emmerson Mnangagwa was re-elected as the President of ___________ (country) for the second term of 5 years.
1) Rwanda
2) Zimbabwe
3) Tanzania
4) Ghana
5) EthiopiaAnswer-2) Zimbabwe
Explanation:
Emmerson Mnangagwa, President of Zimbabwe, re-elected to the post for the second term of 5 years(ie., 2023-28) and final term. He belongs to the Zimbabwe African National Union – Patriotic Front (ZANU–PF) political party.
i. He secured 52.6 percent of the vote against his opponent Nelson Chamisa of political party Citizens’ Coalition for Change (CCC) who secured 44 percent votes.
ii. He is known as ‘The Crocodile’ for his ruthlessness. - Name the company that has recently (in August ‘23) signed an MoU with the V.S.Dempo Holdings Private Limited for building commercial vessels.
1) Garden Reach Shipbuilders & Engineers Ltd
2) Larsen & Toubro Ltd
3) Cochin Shipyard Ltd
4) Mazagon Dock Shipbuilders Ltd
5) Goa Shipyard Hindustan Shipyard LtdAnswer-1) Garden Reach Shipbuilders & Engineers Ltd
Explanation:
The Garden Reach Shipbuilders and Engineers (GRSE) Ltd, Kolkata, West Bengal has signed a Memorandum of Understanding (MoU) with V.S.Dempo Holdings Private Limited (Dempo Group) for building commercial vessels.
• The vessels will be built at the 3 shipyards of the Dempo Group, including two in Goa and one in Bhavnagar, Gujarat.
• It marks the GRSE’s first attempt to build commercial vessels.
i. According to a recent study, the Indian shipbuilding market is worth USD 7.1 billion in 2023 and is predicted to grow to USD 8.76 billion by 2028.
ii. Globally, the shipbuilding market is expected to develop at a compound annual growth rate (CAGR) of 5.45% from USD 170 billion to USD 230 billion by 2028. - Which of the following points is/are “correct” with respect to the Total Energies Badminton World Federation(BWF) World Championships 2023 held in Royal Arena, Copenhagen, Denmark?
A) Kunlavut Vitidsarn of Thailand won the men’s singles title by defeating Kodai Naraoka of Japan.
B) India’s Srikanth Kidambi won the bronze medal in the men’s singles at the BWF World Championships 2023.
C) An Se-young of South Korea won the women’s singles title by defeating Carolina Marin of Spain.
1) All A, B & C
2) Only A & B
3) Only B & C
4) Only A & C
5) Only AAnswer-4) Only A & C
Explanation:
The Total Energies Badminton World Federation(BWF) World Championships 2023 held in Royal Arena, Copenhagen, Denmark from 21st to 27th August 2023.
• India’s HS Prannoy won the bronze medal in the men’s singles at the BWF World Championships 2023.Championship Winner Runner Men’s Singles Kunlavut Vitidsarn
(Thailand)Kodai Naraoka
(Japan)Women’s Singles An Se Young
(South Korea)Carolina Marin
(Spain)Men’s Doubles Kang Min Hyuk and Seo Seung Jae
(South Korea)Kim Astrup and Anders Skaarup Rasmussen
(Denmark)Women’s Doubles Chen Qing Chen and Jia Yi Fan
(China)Apriyani Rahayu and Silva Ramadhanti
(Indonesia)Mixed Doubles Seo Seung Jae and
Chae Yu Jung
(South Korea)Zheng Si Wei and Huang Ya Qiong
(China) - Which of the following points is/are “correct” with respect to the World Athletics Championships 2023 held in August 2023?
A) The 2020 Tokyo Olympics gold medallist Neeraj Chopra has won the gold medal in the men’s javelin with an 88.17 meter (m) throw in the World Athletics Championships 2023.
B) Indian men’s 4x400m relay team comprising Muhammed Anas Yahiya, Amob Jacob, Muhammed Ajmal and Rajesh Ramesh finished fifth in the finals.
C) Indian men’s 4x400m relay team also set an Asian record in the men’s 4x400m relay event in the qualifying round by taking 2:59.05 seconds and surpassed Japan (2:59.51 seconds).
1) All A, B & C
2) Only A & B
3) Only B & C
4) Only A & C
5) Only AAnswer-1) All A, B & C
Explanation:
The 2020 Tokyo Olympics gold medallist Neeraj Chopra has won the gold medal in the men’s javelin with an 88.17 meter (m) throw in the World Athletics Championships 2023.
• The 19th edition of the World Athletics Championships (2023) was held in (Venue – The National Athletics Centre) Budapest, Hungary from 19th to 27th August 2023.
i. Indian men’s 4x400m relay team comprising Muhammed Anas Yahiya, Amob Jacob, Muhammed Ajmal and Rajesh Ramesh finished fifth in the finals.
• The United States of America(USA) finished first followed by France and the United Kingdom in second and third place respectively in the finals of men’s 4x400m.
• They also became the first Indian men’s 4x400m relay team to reach a World Championship finals.
ii. They set an Asian record in the men’s 4x400m relay event in the qualifying round by taking 2:59.05 seconds and surpassed Japan(2:59.51 seconds).
iii. India’s Parul Chaudhary finished 11th in the finals of the Women’s 3000m steeplechase & India’s Jeswin Aldrin finished 11th in the Men’s long jump finals with a 7.77 m Jump. - In August 2023, Jayanta Mahapatra, who was the first recipient of Sahitya Akademi award for ___________ (language) poetry in 1981, passed away.
1) Gujarati
2) Malayalam
3) Kannada
4) Hindi
5) EnglishAnswer-5) English
Explanation:
Jayanta Mahapatra, an Eminent Indian English poet and Litterateur, who was the first recipient of Sahitya Akademi award for English poetry(1981), passed away in Cuttack, Odisha. He was born on 22nd October 1928 in Cuttack, Odisha.
Award: He received the Sahitya Akademi Awards in 1981 for Relationship (poetry), the first Akademi Awad for English poetry.
• The Government of India honoured him with Padma Shri in 2009 for Literature and Education.But he returned the award in 2015 to protest against “rising intolerance in India”.
• He won the prestigious SAARC (South Asian Association Regional Cooperation) literary Award for the year 2009. - In August 2023, ____________ (state) became the first state in India to provide free breakfast to students in all government schools.
1) Karnataka
2) Maharashtra
3) Tamil Nadu
4) Gujarat
5) Andhra PradeshAnswer-3) Tamil Nadu
Explanation:
On 25th August 2023, Tamil Nadu (TN) Chief Minister (CM), MK Stalin inaugurated the expansion of the state governments’ free breakfast scheme to all state-run primary schools from classes 1 to 5.
i. With this scheme, TN has now become the first state in India to provide free breakfast to students in all government schools.
ii. The scheme was inaugurated at a government school at Thirukkuvalai in Nagapattinam district, the birthplace of M Karunanidhi, former CM of TN and DMK patriarch.
Note: TN was the first to introduce the mid-day meal scheme in India in 1922 in the then-Madras Presidency(Now Tamil Nadu).
- Which company has recently (in August ‘23) has signed a contract with the Ministry of Defence to acquire five indigenously built Fleet Support Ships (FSS) for the Indian Navy worth Rs.19,000 crore?
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