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Current Affairs Quiz:29 August 2024

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  1. In Which year, the Jal Jeevan Mission (JJM) was launched by the Prime Minister Narendra Modi?
    1) 2015
    2) 2020
    3) 2019
    4) 2016
    5) 2018
    Answer & Explanation
    Answer- 3) 2019
    Explanation:
    15th August 2024 marks the 5th Anniversary of the Jal Jeevan Mission (JJM): Har Ghar Jal, the flagship scheme of Government of India implemented by the Department of Drinking Water & Sanitation (DDWS), Ministry of Jal Shakti (MoJS), in partnership with States.
     The Jal Jeevan Mission was launched by Narendra Modi, the Prime Minister (PM) of India, on 15 August 2019 (73rd Independence Day of India) at the Red Fort in New Delhi, Delhi.
     The scheme aims to provide tap water supply to every rural Households (HHs )in India by 2024.
     The World Health Organization (WHO) estimates that the JJM will save over 5.5 crore hours daily, mainly for women, by reducing the time spent collecting water.
     WHO projects that providing safe drinking water across India could prevent nearly 400,000 deaths from diarrheal diseases and save 14 million Disability Adjusted Life Years (DALYs).
     As of 12th August 2024, JJM has successfully provided tap water connections to 11.82 crore additional rural households. The total coverage has increased to 15.07 crore households, accounting 77.98% of all rural households in India.
     188 districts, 1,838 blocks, 1,09,996 Gram Panchayats and 2,33,209 villages have reported to achieve ‘Har Ghar Jal’ status as of 14th August 2024.Click here to read more

  2. Which organization has recently (in August ‘24) signed an MoU with the ICAR-Central Institute of Fisheries Education to promote collaboration in cooperative management within the fisheries sector?
    1) National Cooperative Development Corporation
    2) Central Marine Fisheries Research Institute
    3)  National Cooperative Union of India
    4) National Agricultural Cooperative Marketing Federation of India Ltd
    5) Vaikunth Mehta National Institute of Cooperative Management
    Answer & Explanation
    Answer- 5) Vaikunth Mehta National Institute of Cooperative Management
    Explanation:
    On 26th August 2024, the Indian Council of Agricultural Research-Central Institute of Fisheries Education (ICAR-CIFE) and the Vaikunth Mehta National Institute of Cooperative Management (VAMNICOM) signed a Memorandum of Understanding (MoU) to promote collaboration in cooperative management within the fisheries sector.
    ·This partnership aligns with the vision of establishing 2 lakh Primary Agricultural Credit Societies (PACS), Dairy, and Fishery Cooperatives in every Panchayat.
    ·The aim is to enhance the integration and reach of advanced technology as well as the promotion of value addition in fishery cooperatives.
    ·VAMNICOM and ICAR-CIFE will collaborate to explore opportunities in fishery education, research, capacity building, and consultancy, with a focus on fish cooperatives and the fisheries ecosystem.

  3. Which organization has recently (in August ‘24) launched a scheme called SPICED – “Sustainability in Spice Sector through Progressive, Innovative, and Collaborative Interventions for Export Development”?
    1) Indian Council of Agricultural Research
    2) Food Safety and Standards Authority of India
    3) Agricultural and Processed Food Products Export Development Authority
    4) Indian Chamber of Food and Agriculture
    5) Spices Board of India
    Answer & Explanation
    Answer-5) Spices Board of India
    Explanation:
    The Spices Board of India, under the Ministry of Commerce and Industry(MoCI), has launched a transformative scheme called SPICED – “Sustainability in Spice Sector through Progressive, Innovative, and Collaborative Interventions for Export Development”, with a budget of Rs 422.30 crore.
    ·Programmes launched under the SPICED will be implemented during the remaining period of the 15th Finance Commission Cycle (till FY 2025-26).
    ·Aim: To significantly boost spice exports, enhance productivity, and upgrade the post-harvest quality of spices.
    ·This will facilitate value-addition and drive innovation and sustainability in the spice sector by introducing sub-components like Mission Value Addition, Mission Clean and Safe Spices, promotion of GI (Geographical Indication) spices.

  4. With which organisation did the Ministry of Rural Development sign an MoU to optimise the utilisation of the Community Investment Funds (CIF)?
    1) Shakti Sustainable Energy Foundation
    2) NITI Aayog
    3) MicroSave Consulting
    4) Export-Import Bank of India
    5) Piramal Foundation
    Answer & Explanation
    Answer-3) MicroSave Consulting
    Explanation:
    The Ministry of Rural Development (MoRD) has signed a Memorandum of Understanding (MoU) with MicroSave Consulting (MSC), Lucknow (Uttar Pradesh-UP)-based global consulting firm, to optimise the utilisation of Community Investment Funds (CIF) and enhance the sustainability and effectiveness of Community-Based Organizations (CBOs).
     As part of this partnership, MSC will conduct a detailed analysis and provide strategic interventions to optimise CIF disbursement and utilisation by Cluster Level Federations (CLFs).
     It focuses on strengthening CLFs’ financial and management frameworks under the Deendayal Antyodaya Yojana-National Rural Livelihoods Mission (DAY-NRLM).
     It aims to transform selected CLFs into microcredit institutions that can provide Self Help Groups (SHG) members with efficient financial services.

  5. Which bank has recently (in August 2024) entered into a co-lending partnership with Newtap Finance Private Limited to offer financial solutions to creditworthy individuals on CRED?
    1) Axis Bank
    2) HDFC Bank
    3) Yes Bank
    4) Indian Bank
    5) Union Bank of India
    Answer & Explanation
    Answer-3) Yes Bank
    Explanation:
    India’s Private Sector Bank (PSB), Yes Bank Limited (YES Bank) has forged a co-lending partnership with Newtap Finance Private Limited (formerly known as Parfait Finance and Investments Private Limited), registered with the Reserve Bank of India (RBI) as a non-depositing taking Non-Banking Financial Company (NBFC), to offer personalized financing solutions to creditworthy individuals on payment platform CRED.
      As per this strategic partnership arrangement, Bengaluru(Karnataka)-based fintech company, Dreamplug Technologies Private Limited (DTPL), which operates CRED, will serve as the Lending Service Provider (LSP) for both YES Bank and Newtap Finance.
     The collaboration with Newtap Finance and CRED is in alignment with YES Bank strategy of fostering fintech partnerships to promote quality growth.

  6. Which Online Payment Gateway has recently (in August ‘24) partnered with ‘Amazon Pay Later’ to offer instant digital credit to Indian shoppers?
    1) PayU
    2) Talkcharge
    3) TechFini
    4) Jupiter Money
    5) Razorpay
    Answer & Explanation
    Answer-1) PayU
    Explanation:
    PayU, one of India’s leading Payment Gateways, has partnered with Amazon Pay Later, a popular Buy-Now-Pay-Later (BNPL) service, to extend instant digital credit access to millions of Indian shoppers.
    ·Amazon Pay Later will be integrated into PayU’s advanced checkout infrastructure, empowering online merchants to offer instant, flexible credit lines, driving better business revenues.
    ·This partnership aims to close this significant credit gap by democratizing access to quick, legitimate online credit for consumers.

  7. Which State has replaced Uttar Pradesh in attracting bank funds for projects in the state in the Financial Year 2023-24(FY24)?
    1) Meghalaya
    2) Maharashtra
    3) Karnataka
    4) Gujarat
    5) Rajasthan
    Answer & Explanation
    Answer-4) Gujarat
    Explanation:
    According to a study by the Reserve Bank of India (RBI) economists, Gujarat replaced Uttar Pradesh (UP) in attracting bank funds for projects in the state in the Financial Year 2023-24(FY24).
    ·Gujarat received funds for total 154 projects which accounted 14.7 %( increased from 14% in FY23) of the total projects financed by the banks and Financial Institutions (FIs) in FY24.
    ·The total cost of projects sanctioned by banks and FIs during the FY24, increased to a record high of Rs 3,90,978 crore (around Rs 4 trillion).
    ·While, UP received funds for total 69 projects which accounted 7.6% (decreased from 16.2% in FY23) of the total funds financed by banks and FIs in FY24.

  8. Who has been recently (in August ‘24) elected unopposed as the next Chairman of the International Cricket Council (ICC) with effect from 1st December 2024?
    1) Shashank Manohar
    2) Jay Shah
    3) N Srinivasan
    4) Roger Binny
    5) Sourav Ganguly
    Answer & Explanation
    Answer-2) Jay Shah
    Explanation:
    Jay Shah, Secretary of the Board of Control for Cricket in India (BCCI), has been elected unopposed as the next Chairman of the International Cricket Council (ICC) with effect from 1st December 2024. At 35, Shah has become the youngest-ever chairman in the history of the ICC.
    ·He will succeed incumbent chairman Greg Barclay of New Zealand, who decided not to seek a 3rd consecutive 2-year term after the conclusion of his tenure in November 2024.
    ·Shah will leave his current position as BCCI secretary, during the Board’s Annual General Meeting (AGM) to be held at the end of September 2024 or in October 2024.
    ·He became the 5th Indian to assume a role at the ICC and 3rd Indian to assume the role of ICC Chair.

  9. Who has been recently (in August 2024) appointed as the Chairman and Chief Executive Officer (CEO) of the Railway Board?
    1) Subhransu Sekhar Acharya
    2) B.N. Gangadhar
    3) Vijaya Bharathi Sayani
    4) Jaya Varma Sinha
    5) Satish Kumar
    Answer & Explanation
    Answer-5) Satish Kumar
    Explanation:
    On August 27 2024, The Appointments Committee of the Cabinet (ACC) approved the appointment of Satish Kumar, Indian Railway Management Service (IRMS) officer, as the Chairman and Chief Executive Officer (CEO) of the Indian Railway Board(IRB) under the Ministry of Railways (MoR). Kumar is the first person from the Scheduled Castes(SC) or Dalit community to hold this position in the IRB history.
     Satish assumes charge with effect from September 1 2024, till the date of his superannuation and his re-employment on contract basis, from January 1 till August 31, 2025, on usual terms and conditions, or until further orders, whichever is earlier.
     He succeeds Jaya Varma Sinha, who is set to superannuate on August 31 2024. He will join the Central Administrative Tribunal (CAT) as an administrative member after her retirement.

  10. Which organization has recently (in August ‘24) signed a MoU with the Indian Space Research Organisation (ISRO)’s Space Applications Centre (SAC)  to detect and profile marine pollution in India’s coastal waters?
    1) SFO Technologies
    2) Zen Technologies Limited
    3) Orbit Connect India
    4) AlphaMERS Limited
    5) Larsen & Toubro Limited
    Answer & Explanation
    Answer-4) AlphaMERS Limited
    Explanation:
    Indian Space Research Organisation (ISRO)’s Space Applications Centre (SAC) has signed a Memorandum of Understanding (MoU) with AlphaMERS Limited to develop an Artificial intelligence (AI) model to detect and profile marine pollution in India’s coastal waters, with an emphasis on macro plastics and oil spills.
    i.The partnership aims to enhance the accuracy and efficiency of identifying pollutants using remote sensing technology.
    ii.It also facilitates better monitoring and management of marine environments.
    iii.It highlights a key step towards environmental conservation and technological advancement in the fight against marine pollution.





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