Current Affairs Quiz: 30 August 2023

AffairsCloud brings you the complete and important daily Current Affairs Quiz 30 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.

1. 1. Pradhan Mantri Jan Dhan Yojana (PMJDY), a National Mission for Financial Inclusion (FI) completed ___________ years of successful implementation on 28th August 2023.
      1) 7
      2) 9
      3) 5
      4) 6
      5) 8
      

      Answer & Explanation

      Answer- 2) 9
      Explanation:
      On 28th August 2023, Pradhan Mantri Jan Dhan Yojana (PMJDY), a National Mission for Financial Inclusion (FI) completed 9 years of successful implementation.
      i. PMJDY, the biggest financial inclusion initiative in the world, was introduced by Prime Minister (PM) Narendra Modi on 15th August 2014 (Independence Day) and was launched on 28th August 2014.
      About Pradhan Mantri Jan Dhan Yojana (PMJDY):
      • PMJDY aims to ensure access to financial services, namely, basic savings & deposit accounts, remittance, credit, insurance, and pension in an affordable manner to all households in India.
      • Under the scheme, a basic savings bank deposit (BSBD) account can be opened in any bank branch or Business Correspondent (Bank Mitra) outlet, by persons not having any other account.
      • Accident Insurance Cover of Rs.1 lakh (enhanced to Rs. 2 lakh for new PMJDY accounts opened after 28th August 2018) is available with a RuPay card issued to the PMJDY account holders.
      • An overdraft (OD) facility up to Rs. 10,000 to eligible account holders is available.
      
      
      
   2. Name the Organisation/bank that has recently (in August ‘23) signed an Rs 1.2 billion worth of agreement with the Fourth Partner Energy (4PEL) Private Limited to build and operate a solar photovoltaic power plant in Tirunelveli, Tamil Nadu.
      1) Asian Development Bank
      2) United Nations Development Programme
      3) World Bank
      4) Asian Infrastructure Investment Bank
      5) International Monetary Fund
      

      Answer & Explanation

      Answer- 1) Asian Development Bank
      Explanation:
      The Asian Development Bank (ADB) signed an agreement of worth Rs 1.2 billion (about USD 14.7 million) with Fourth Partner Energy (4PEL) Private Limited (Fourth Partner), an Independent Power Producer(IPP) to build and operate a solar photovoltaic power plant in Tirunelveli, Tamil Nadu.
      • The 25 Megawatt(MW) power plant will produce electricity of about 50.7 GigaWatt-hours(GWh) annually.
      • Open Access enables heavy users with a connected load exceeding 1 MW to purchase affordable electricity from the open market.
      • India’s open access renewable energy policy allows businesses to buy electricity directly from IPP.
      
      
      
   3. Name the bank that has recently (in August ‘23) launched ‘Infinity Savings Account’, a first-of-its-kind fully Digital fixed fee-based savings account with no paperwork or branch visits.
      1) HDFC Bank
      2) ICICI Bank
      3) Axis Bank
      4) YES Bank
      5) IndusInd Bank
      

      Answer & Explanation

      Answer-3) Axis Bank
      Explanation:
      Axis Bank Limited launched ‘Infinity Savings Account’, a first-of-its-kind fully Digital fixed fee-based savings account with no paperwork or branch visits. We are able to open completely in digital through the Video Know Your Customer (KYC) process.
      i. This account is designed for customers who are comfortable using digital services and often sign up for subscription-based services.
      ii. Any Resident Indian who is 18 years and above with Initial Funding of Rs 5,000.
      
      
      
   4. Who has been recently (in August ‘23) appointed as the chairman of the Finance Industry Development Council (FIDC) for a period of 2 years?
      1) Theepak Jain
      2) Ajay Kumar
      3) Atish Mathur
      4) Umesh Revankar
      5) Jayanth Kumar
      

      Answer & Explanation

      Answer-4) Umesh Revankar
      Explanation:
      Umesh Revankar was appointed as the chairman of the Finance Industry Development Council (FIDC) for a period of 2 years with effect from 23rd August 2023. He is currently serving as the Executive Vice Chairman (EVC) of Shriram Finance Limited.
      i. FIDC is a Self-Regulatory Organization (SRO) cum Representative Body of Asset and Loan Financing of the Non-Banking Financial Corporation (NBFC) registered with the Reserve Bank of India(RBI).
      ii. Kamlesh Gandhi, Chairman and Managing Director (CMD) of MAS Financial Services Limited, and K. V. Srinivasan, Chief Executive Officer (CEO) of Profectus Capital Pvt Limited, will act as co-chairmen of FIDC.
      
      
      
   5. Name the company that has recently (in August ‘23) manufactured India’s first set of Indigenous Catalysts for Selective Catalyst Reactors (SCR) for limiting oxides of nitrogen (NOx).
      1) National Aluminium Company Limited
      2) Bharat Heavy Electricals Limited
      3) Electronics Corporation of India Limited
      4) Bharat Dynamics Limited
      5) Hindustan Aluminium Company Limited
      

      Answer & Explanation

      Answer-2) Bharat Heavy Electricals Limited
      Explanation:
      Bharat Heavy Electricals Limited (BHEL) has manufactured India’s first set of Indigenous Catalysts for Selective Catalyst Reactors (SCR) for limiting oxides of nitrogen (NOx).This production is in line with the government’s “Make in India” Initiative.
      i. Ms. Renuka Gera, Director (Industrial Systems & Products), BHEL flagged off the first set of indigenously manufactured SCR catalysts for the 5×800 MegaWatt(MW) Yadadri Thermal Power Station in Telangana, from the company’s Solar Business Division (SBD) unit in Bengaluru,Karnataka.
      ii. Combustion of coal converts the nitrogen bound in coal to form various products such as nitric oxide (NO), nitrogen dioxide (NO2) and nitrous oxide (N2O).These products are collectively called oxides of nitrogen (NOx) which are significant major pollutant.
      
      
      
   6. Who has recently (in August ‘23) won the Formula 1 (FI) Heineken Dutch Grand Prix(GP) 2023?
      1) Max Verstappen
      2) Sergio Pérez
      3) Charles Leclerc
      4) Fernando Alonso
      5) George Russell
      

      Answer & Explanation

      Answer-1) Max Verstappen
      Explanation:
      Max Verstappen, the Red Bull driver (Dutch-Belgian) won the title at the Formula 1 (FI) Heineken Dutch Grand Prix(GP) held at Circuit Zandvoort, Amsterdam, the Netherlands from 25th to 27th August 2023.
      • Spain’s Fernando Alonso(Aston Martin) won second place and France’s Pierre Gasly finished in third place for the first time with Alpine.
      • This also marks Verstappen’s 11th victory of the 2023 season out of 13 and 46th of his career.
      • This marks his 9th consecutive F1 win of the 2023 season equals German racing driver Sebastian Vettel’s record in 2013 with Red Bull.
      • In 2023, Max won 11 GP including the Spanish GP, Monaco GP, Miami GP, Australian GP, Bahrain GP, Canadian GP, Austrian GP, British GP, Hungarian GP, Belgian GP and Dutch GP.
      
      
      
   7. The __________ National Sports Day(Rashtriya Khel Divas) 2023 was observed across India on 29th August 2023.
      1) 16th
      2) 12th
      3) 14th
      4) 15th
      5) 13th
      

      Answer & Explanation

      Answer-2) 12th
      Explanation:
      The National Sports Day, also known as Rashtriya Khel Divas, is annually celebrated across India on 29th August to mark the birth anniversary of Major Dhyan Chand, the legendary Indian field hockey player, who is regarded as the greatest field hockey player in history.
      i. He was popularly known as “The Wizard” or “The Magician of hockey” for his skill in ball control. He was born on 29th August 1905 in Allahabad, British India (Present day Prayagraj, Uttar Pradesh).
      • 29th August 2023 marks the celebration of the 12th National Sports Day(Rashtriya Khel Divas).
      • The government of India(GoI) declared that 29th August of every year will be observed as National Sports Day, starting from 2012, to commemorate the birth anniversary of hockey legend Major Dhyan Chand.
      • The first National Sports Day was celebrated on August 29, 2012.
      
      
      
   8. When was the United Nations (UN) International Day against Nuclear Tests 2023 observed across the globe?
      1) 25th August 2023
      2) 28th August 2023
      3) 26th August 2023
      4) 29th August 2023
      5) 27th August 2023
      

      Answer & Explanation

      Answer-4) 29th August 2023
      Explanation:
      The United Nations (UN) International Day against Nuclear Tests 2023 was observed across the globe on 29th August 2023 to create awareness about the harmful effects of nuclear weapon tests or other nuclear explosions.
      • The first-ever International Day against Nuclear Tests was observed on 29th August 2010.
      • The observance of International Day against Nuclear Tests commemorates the closure of the Semipalatinsk Nuclear Test site in Kazakhstan on 29 August 1991.
      i. India’s 1st Nuclear Test: Operation Smiling Buddha, also known as Pokhran-I was the first successful nuclear weapons test of India.
      ii. The test was conducted on 18th May 1974 in the Indian Army’s Test Range in Pokhran, Rajasthan.
      
      
      
   9. Which state has recently (in August ‘23) launched Panchayati Raj Accounting Information System Automation (PRAISA) software to make online payment compulsory for Panchayati Raj institutions at a state-level ‘Meri Mati Mera Desh‘campaign?
      1) Odisha
      2) West Bengal
      3) Madhya Pradesh
      4) Maharashtra
      5) Gujarat
      

      Answer & Explanation

      Answer-5) Gujarat
      Explanation:
      Chief Minister(CM) of Gujarat, Bhupendra Patel launched a software called the Panchayati Raj Accounting Information System Automation (PRAISA), to make online payment compulsory for Panchayati Raj institutions at a state-level ‘Meri Mati Mera Desh‘ campaign in Gandhinagar, Gujarat.
      i. Panchayati Raj institutions & local self-governed bodies will be handling their financial transactions worth Rs 34,000 crore in PRAISA to increase transparency.
      ii. This portal facilitates all financial and accounting transactions for 33 districts and 248 taluka panchayats through this online platform, making the administration paperless and more effective.
      
      
      
   10. Name the state/UT that has recently (in August ‘23) launched a portal to boost the awareness about the protection of forest and wildlife sanctuary areas
       1) Maharashtra
       2) Uttarakhand
       3) Delhi
       4) Jammu and Kashmir
       5) Himachal Pradesh
       

       Answer & Explanation

       Answer-3) Delhi
       Explanation:
       Delhi Environment and Forest Minister Gopal Rai launched a portal (evanlekh.eforest.delhi.gov.in) to boost the awareness about the protection of forest and wildlife sanctuary areas in Delhi.
       i. Using a Geographic Information System (GIS) platform, it helps to visualize data effectively, and also, users can generate KML (Keyhole Markup Language) files on the portal.
       ii. KML files are a type of XML (eXtensible Markup Language) file format used to display geographic data in an Earth browser, such as Google Earth or Google Maps.