AffairsCloud brings you the complete and important daily Current Affairs Quiz 15 & 16 August 2024 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 2024 updates.
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- Which country’s Small Business Administration (SBA) has recently (in August ‘24) signed a MoU with India to promote cooperation on Small and Medium-sized Enterprises (SMEs)?
1) Hungary
2) Zimbabwe
3) Azerbaijan
4) United States of America
5) France
Answer & Explanation
Answer-4) United States of America
Explanation:
The Ministry of Micro, Small and Medium Enterprises (MoMSME), Government of India (GoI) and the Small Business Administration (SBA) of the Government of the United States of America (USA) signed a Memorandum of Understanding (MoU) to promote cooperation on Small and Medium-sized Enterprises (SMEs), in New Delhi, Delhi.
The MoU provides a framework for discussing issues concerning MSMEs and explores possibilities of cooperation between the two countries in this sector.
The MoU focuses on improving MSME participation in the global marketplace through mutual visits, webinars, and workshops.
It also provides joint programs to empower women entrepreneurs and enhance trade partnerships between Women-Owned Small Businesses (WOSBs) in India and the USA.
- The Ministry of Petroleum & Natural Gas (MoPNG) has recently (in August ‘24) granted approval for the Oil & Natural Gas Corporation Limited (ONGC) to invest an additional equity capital of up to _______ in ONGC Petro additions Limited (OPaL).
1) Rs 4,958 crore
2) Rs 10,501 crore
3) Rs 4,630 crore
4) Rs 7453 crore
5) Rs 8754 crore
Answer & Explanation
Answer-2) Rs 10,501 crore
Explanation:
The Ministry of Petroleum & Natural Gas (MoPNG), Government of India(GoI) has granted an approval letter to Oil & Natural Gas Corporation Limited (ONGC), a Maharatna Central Public Sector Enterprise (CPSE) under the MoPNG, to invest an additional equity capital of up to Rs 10,501 crore in ONGC Petro additions Limited (OPaL), Vadodara(Gujarat).
The OPaL is a Joint Venture (JV) between the ONGC, the Gas Authority of India (GAIL), and the Gujarat State Petroleum Corporation Limited (GSPC).
The GoI has also approved the conversion of back-stopped Compulsorily Convertible Debentures (CCDs) worth Rs 7,778 crore and a balance payment of Rs 86 crore related to share warrants, totaling Rs 18,365 crore.
This will increase the status of OPaL into a subsidiary of ONGC with a 95.69% equity stake from 49.36% equity stake.
- Which organisation released the ‘Global Employment Trends (GET) for Youth 2024’ report, highlighting that the Global Youth Unemployment Rate (YUR) in 2023 decreased to 13%, representing a 15-year low?
1) Employees’ Provident Fund Organisation
2) United Nations Development Programme
3) Reserve Bank of India
4) World Bank
5) International Labour Organisation
Answer & Explanation
Answer- 5) International Labour Organisation
Explanation:
According to International Labour Organisation (ILO)’s report titled “Global Employment Trends (GET) for Youth 2024: Decent work, brighter futures”, Global Youth Unemployment Rate (YUR) in 2023 decreased to 13% which represents a 15-year low and a fall from the pre-pandemic rate of 13.8% in 2019.
Globally, a total 64.9 million young people were unemployed in 2023, the lowest since the start of the millennium.
The global YUR is expected to further decrease to 12.8% in 2024 and 2025.
The 2024 report marks the 12th edition of the GET for Youth report which was first issued in 2004. This also marks the 20th anniversary of the publication of GET for Youth.Click here to read more
- Which country accounts for the highest Foreign Portfolio Investment (FPI) in India for the Fiscal Year 2023-24 (FY24), with 3,457 registered FPIs?
1) Singapore
2) Denmark
3) United States of America
4) Japan
5) Mauritius
Answer & Explanation
Answer-3) United States of America
Explanation:
According to a report by the Securities and Exchange Board of India (SEBI), the United States of America(USA) led the Foreign Portfolio Investment (FPI) in India for the Fiscal Year 2023-24 (FY24), with 3,457 registered FPIs. It is followed by Luxembourg with 1,393 and Canada with 804.
As of March 31, 2024, the total number of FPIs in India increased to 11,219 registered FPIs from 11,081 in FY23.
The FY24 saw the highest FPI inflows into India since 1992-93.
By March 31, 2024, the AUC of FPIs increased by 42.8%, rising to Rs 69.5 lakh crore from Rs 48.7 lakh crore at the end of March 31, 2023, reflecting growing foreign investor confidence in India.
- Who is the chairperson of the 10-member expert committee that was recently (in August ‘24) constituted by the Reserve Bank of India (RBI) to benchmark its statistics with global standards?
1) V.S.K Kaumudi
2) A.P. Hota
3) K. Radhakrishnan
4) Michael Debabrata Patra
5) Biswanath Goldar
Answer & Explanation
Answer-4) Michael Debabrata Patra
Explanation:
On 12th August 2024, the Reserve Bank of India (RBI) has constituted a 10 member expert committee chaired by Dr. Michael Debabrata Patra, Deputy Governor of RBI, to benchmark its regularly disseminated statistics against global standards and best practices.
The expert committee will submit its report by the end of November 2024.
The committee has been entrusted with the responsibility to assess the quality of other routine data in sectors where benchmarks are absent (for example: sectors of national security).
The committee will provide guidance on potential areas for further data refinement.
- Who will be the Chief Executive Officer (CEO) of the newly incorporated NPCI BHIM Services Limited (NBSL)?
1) Lalitha Nataraj
2) Ravi Agrawal
3) Robert Jerard Ravi
4) Rajendra Prasad Goyal
5) Ajay Kumar Choudhary
Answer & Explanation
Answer-1) Lalitha Nataraj
Explanation:
The National Payments Corporation of India (NPCI) has incorporated NPCI BHIM Services Limited(NBSL), formerly known as Bharat Interface for Money(BHIM), as a wholly-owned subsidiary.
NBSL will be led by the former banker Lalitha Nataraj as the Chief Executive Officer (CEO) and Rahul Handa as the Chief Business Officer (CBO).
The creation of NBSL aims to address the increasing demand for digital transactions, meet evolving market expectations, and enhance financial inclusion.
The BHIM app, developed by NPCI and launched by Prime Minister (PM) Narendra Modi in 2016, allows users to make direct bank payments and request money via the Unified Payments Interface (UPI)
- Entomologists recently (in August ‘24) discovered three new edible insect species named Coridius adii, Coridius insperatus, and Coridius esculentus from ________(state).
1) Odisha
2) Arunachal Pradesh
3) Tamil Nadu
4) Karnataka
5) Assam
Answer & Explanation
Answer-2) Arunachal Pradesh
Explanation:
A team of entomologists discovered 3 new species of edible stink bugs, in Arunachal Pradesh. These bugs belong to the genus Coridius of the family Dinidoridae (Hemiptera) and have been named Coridius adii, Coridius insperatus, and Coridius esculentus.
The findings of the new species were published in the peer-reviewed open-access journal PLOS One.
Coridius adii is named after the Adi tribe, one of the populous groups of Arunachal Pradesh, inhabiting mainly the Siang valley, who consume it as food.
Entomophagy, or the practice of eating insects, is an age-old tradition that is widely practiced in Northeast India.
- When was Partition Horrors Remembrance Day annually observed across India to remember the struggles and sacrifices faced by Indians during the Partition of India in 1947?
1) April 13
2) June 25
3) August 14
4) July 1
5) May 18
Answer & Explanation
Answer-3) August 14
Explanation:
Partition Horrors Remembrance Day(in Hindi -Vibhajan Vibhishika Smriti Diwas is annually observed across India on August 14 to remember the struggles and sacrifices faced by Indians during the Partition of India by the British Empire in 1947.
14th August 2024 marks the 4th observance of Partition Horrors Remembrance Day.
In 2021, the Prime Minister (PM) of India Narendra Modi officially designated 14th August of every year will be observed as Partition Horrors Remembrance Day to honour the victims and acknowledge the profound impact of partition on millions of lives.Click here to read more
- Which ministry organised the 28th Conference of Central and State Statistical Organizations (COCSSO) held in New Delhi, Delhi from 12th to 13th August 2024?
1) Ministry of Education
2) Ministry of Science and Technology
3) Ministry of Communication
4) Ministry of Defence
5) Ministry of Statistics and Programme Implementation
Answer & Explanation
Answer-5) Ministry of Statistics and Programme Implementation
Explanation:
28th Conference of Central and State Statistical Organizations (COCSSO), organised by the Ministry of Statistics and Programme Implementation (MoSPI), was held at Dr. Ambedkar International Centre, Janpath, New Delhi, Delhi from 12th to 13th August 2024.
The conference was inaugurated by Union Minister of State (MoS) (Independent Charge) Rao Inderjit Singh, MOSPI.
The theme of discussion of the conference was “Use of Data for Decision Making: Strengthening State Statistical Systems”.
“Women and Men in India, 2023”, the 25th issue of the annual publication ‘Women and Men in India’ by MoSPI, was released during the conference.Click here to read more
- Which Indian airport has recently (in August ‘24) received the Pollution Control Waste Recycling Excellence Award by the Greentech Foundation?
1) Maharishi Valmiki International Airport
2) Lal Bahadur Shastri International Airport
3) Thiruvananthapuram International Airport
4) Manohar International Airport
5) Indira Gandhi International Airport
Answer & Explanation
Answer-3) Thiruvananthapuram International Airport
Explanation:
Thiruvananthapuram International Airport Limited (TIAL) has received the prestigious ‘Pollution Control Waste Management & Recycling (PCWR) Award 2024’ by Greentech Foundation in the field of waste management and processing.
The airport authorities received the award during the Greentech PCWR 2024 Summit, Awards and Expo held in Guwahati, Assam.
The award recognises the airports excellence in ‘zero waste to landfill’ implementation undertaken by the TIAL.
The airport processes 100% of plastic and solid waste.
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