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Current Affairs Quiz:30 August 2024

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  1. According to the recently(in August ‘24) launched Vehicle Scrapping Policy or Voluntary Vehicle Modernization Program(VVMP), state governments will offer a concession on motor vehicle tax of up to _________ for non-transport vehicles.
    1) 50%
    2) 6%
    3) 28%
    4) 25 %
    5) 12%
    Answer & Explanation
    Answer-4) 25 %
    Explanation:
    The Ministry of Road Transport and Highways (MoRTH) has launched the Vehicle Scrapping Policy or Voluntary Vehicle Modernization Program(VVMP) to create an ecosystem for phasing out unfit polluting vehicles across India.
     This policy will be implemented through a network of Registered Vehicle Scrapping Facilities (RVSFs) and Automated Testing Stations (ATSs).
     The policy notified state governments to offer a concession on motor vehicle tax of up to 25 % for non-transport vehicles, and up to 15 % on transport vehicles. Now, MoRTH has added a waiver on any pending liabilities that the vehicle to be scrapped may have.
     The manufacturers of Commercial and Passenger Vehicle have agreed to offer discounts for a limited period against a Certificate of Deposit (Scrappage Certificate).
     Currently, over 60 RVSFs across 17 States and more than seventy-five ATSs in 12 States are operational in India.

  2. Which department has recently (in August ‘24) organised the conference on ‘Experience Sharing and Capacity Building in Disaster Management’ in collaboration with the National Telecommunications Institute for Policy Research, Innovation, and Training (NTIPRIT) and License Service Areas (LSA)?
    1) Department of Agriculture and Farmers Welfare
    2) Department of Telecommunications
    3) Department of Health and Family Welfare
    4) Department of Revenue
    5) Department of Rural Development
    Answer & Explanation
    Answer-2) Department of Telecommunications
    Explanation:
    The Disaster Management (DM) Division of the Department of Telecommunications (DoT), Ministry of Communications (MoC), in collaboration with the National Telecommunications Institute for Policy Research, Innovation, and Training (NTIPRIT) and License Service Areas (LSA), Delhi organised the conference on ‘Experience Sharing and Capacity Building in Disaster Management’, at enhancing disaster preparedness and resilience in India.
     It was jointly inaugurated by Madhu Arora, Member (Technology) , DoT, and Rajendra Ratnoo, Executive Director (ED) of the National Institute of Disaster Management (NIDM).
     The session on ‘Preparedness Measures in Disaster Handling’, which was chaired by Rajendra Ratnoo, focused on strategies and best practices for boosting preparedness at the local and national levels.
     The session on ‘Information and Communication Technology (ICT) in Disaster Management’ was chaired by Amit Prothi, DG of the Coalition for Disaster Resilient Infrastructure (CDRI).

  3. What is the approximate amount of grant each start-up receives under the ‘Grant for Research & Entrepreneurship across Aspiring Innovators in Technical Textiles (GREAT)’ scheme of the Ministry of Textiles?
    1) Rs 20 Lakhs
    2) Rs 60 Lakhs
    3) Rs 30 Lakhs
    4) Rs 80 Lakhs
    5) Rs 50 Lakhs
    Answer & Explanation
    Answer-5) Rs 50 Lakhs
    Explanation:
    Rachna Shah, Secretary, Ministry of Textiles (MoT) chaired the 8th Empowered Programme Committee (EPC) meeting under the National Technical Textiles Mission (NTTM), at Udyog Bhawan, New Delhi, Delhi. The committee has approved 4 Start-Ups with a grant of approximately Rs 50 Lakhs each, under the ‘Grant for Research & Entrepreneurship across Aspiring Innovators in Technical Textiles (GREAT)’ scheme.
     The committee has also approved a grant of approximately Rs 20 crores to 5 education institutes including the National Institutes of Technology (NITs) to introduce courses in Technical Textiles (TTs) under the ‘General Guidelines for Enabling of Academic Institutes in Technical Textiles’.
     The approved startups are focused on key strategic areas of composites, sustainable textiles, and smart textiles.

  4. Which organisation/bank has recently (in August ‘24) introduced two new transformative digital payment solutions namely Bharat BillPay System (BBPS) for Business and Unified Payments Interface (UPI) Circle?
    1) Reserve Bank Innovation Hub
    2) India Post Payments Bank
    3) National Payments Corporation of India
    4) Indian Financial Technology and Allied Services
    5) Paytm Payments Bank
    Answer & Explanation
    Answer- 3) National Payments Corporation of India
    Explanation:
    On 28th August 2024, the National Payments Corporation of India (NPCI) has announced the introduction of two new transformative digital payment solutions namely, Bharat BillPay System (BBPS) for Business and Unified Payments Interface (UPI) Circle, which enables payments to users.
     Both these payment solutions are aimed at enhancing inclusivity, security, and efficiency of digital payment ecosystem of India.
     These payment solutions were unveiled by Shaktikanta Das, Governor of Reserve Bank of India (RBI) at the Global FinTech Festival (GFF) 2024 held in Mumbai, Maharashtra.
     BBPS for Business is an interoperable platform, developed by NPCI. It is designed to transform Business-to-Business (B2B) transactions across different Enterprise Resource Planning (ERP) and accounting platforms.
     UPI Circle is a delegated payment feature that will enable a primary UPI user to link with trusted secondary users by granting them partial or complete access to their account for making payments.

  5. Which organisation has been recently(in August ‘24) recognised as the 1st Self-Regulating Organisation in the Fintech sector (SRO-FT) by the Reserve Bank of India?
    1) Internet And Mobile Association Of India (IAMAI)
    2) National Payments Corporation of India (NPCI)
    3) National Fintech Regulatory Board (NFRB)
    4) Fintech Association for Consumer Empowerment (FACE)
    5) Financial Technology Council of India (FTCI)
    Answer & Explanation
    Answer-4) Fintech Association for Consumer Empowerment (FACE)
    Explanation:
    On 28th August 2024, the Reserve Bank of India (RBI) announced that it has recognised Fintech Association for Consumer Empowerment (FACE) as the 1st Self-Regulating Organisation in the Fintech sector (SRO-FT). The recognition of FACE as an SRO sets a new benchmark for self-regulation in India’s rapidly evolving fintech industry.
      RBI informed that it had received applications from 3 industry bodies/entities in the fintech sector for recognition as SRO-FTs. Each application was examined against the establish framework requirements.
     Of the remaining 2 applications, one application has been returned with a provision for resubmission after meeting certain requirements and 3rd application is under consideration.
     It is an industry-driven entity responsible for establishing and implementing regulatory standards, promoting ethical conduct, ensuring market integrity, resolving disputes and fostering transparency and accountability among its members.

  6. Which Company has recently (in August ‘24) signed a 437.6 MW Clean Power Sale Agreement with ReNew Power Private Limited?
    1) Apple
    2) Amazon
    3) Meta Platforms
    4) Microsoft
    5) Google
    Answer & Explanation
    Answer-4) Microsoft
    Explanation:
    On 27th August 2024,  ReNew Power Private Limited(ReNew/ RPPL), a subsidiary of ReNew Energy Global PLC announced the signing of a clean power sale agreement of 437.6 MegaWatt (MW) with the United States of America (USA)-based tech company, Microsoft Corporation.
     The agreement is expected to produce more than 1 million units of green electricity attributes annually, which will help the Microsoft to become carbon negative by 2030.
     It is India’s one of the largest corporate Renewable Energy (RE) agreements. ReNew contributed nearly 10% of India’s total solar and wind energy generation.
     As per the agreement, ReNew will direct approximately USD 15 million of revenue from the agreement towards a community fund to support environment-specific initiatives like: women’s livelihoods and economic empowerment, rural electrification, environmental remediation and water quality improvement.

  7. Who has been recently (in August 2024) appointed as the New Director General (DG) of the National Security Guard (NSG)?
    1) Sanjiv Puri
    2) Kamal Kishore Soan
    3) B. Srinivasan
    4) Soumya Swaminathan
    5) Nalin Prabhat
    Answer & Explanation
    Answer-3) B. Srinivasan
    Explanation:
    The Appointments Committee of the Cabinet (ACC), chaired by the Prime Minister(PM) of India Narendra Modi, has approved the appointment of B Srinivasan as the Director General (DG) of the National Security Guard (NSG) with effect from his date of joining the post until his superannuation on 31 August 2027, or until further orders.
      B Srinivasan, a 1992 batch Indian Police Service (IPS) officer of Bihar cadre, is currently serving as the Director of Bihar Police Academy, Rajgir, Bihar.
     He will succeed the Anish Dayal Singh, who has been serving as DG (additional charge) of NSG since 15th August 2024.

  8. In August 2024, the Ministry of Defence (MoD) placed an order worth Rs 837 crore for the import of an additional 73,000 SIG-716 semi-automatic assault rifles for the Indian Army (IA) from SiG Sauer Inc. of _________(country).
    1) Sweden
    2) Russia
    3) Germany
    4) Israel
    5)  United States of America
    Answer & Explanation
    Answer-5) United States of America
    Explanation:
    The Ministry of Defence (MoD), Government of India (GoI) announced that it has placed a order worth Rs 837 crore for the import of an additional 73,000 SIG-716  of 7.62×51 millimeter (mm) semi-automatic assault rifles for the Indian Army (IA) from the United States of America (USA)-based small-arms manufacturing company, SiG Sauer Inc.
     The contract for this order was signed in June 2024 and, the delivery of these assault rifles is within 18 months of the contract. This is India’s second procurement order to Sig Sauer in 5 years.
     This additional order of 73,000 assault rifles will increase the total number of these rifles in the IA to approximately 1.45 lakh.

  9. National Sports Day is celebrated annually on ______________ to emphasise the importance of sports and physical activities and to honour Major Dhyan Chand’s legacy in Indian hockey.
    1) May 24
    2) August 29
    3) June 26
    4) July 24
    5) April 29
    Answer & Explanation
    Answer-2) August 29
    Explanation:
    National Sports Day (NSD), also known as Rashtriya Khel Divas, is annually observed in India on 29th August to honour the birth anniversary of Major Dhyan Chand Singh, one of thе grеatеst fiеld hockеy playеrs in thе history of Indian sports.
     He was born on 29th August 1905, in Allahabad, British India (now Prayagraj in Uttar Pradesh).
     29 August 2024 marks the celebration of the 13th NSD.
     The Ministry of Youth Affairs and Sports (MYAS) requested all the Higher Educational Institutions (HEIs) to organise sporting and fitness activities any 1 day between 26 and 31 August 2024, to celebrate NSD 2024.
     The 1st NSD was observed on 29 August 2012.Click here to read more

  10. When was the International Day Against Nuclear Tests (IDANT) annually observed across the globe?
    1) April 2
    2) May 5
    3) June 14
    4) July 11
    5) August 29
    Answer & Explanation
    Answer-5) August 29
    Explanation:
    The United Nation(UN)’s International Day Against Nuclear Tests (IDANT) is annually observed across the globe on 29 August to raise awareness about the devastating effects of nuclear weapon tests and the urgent need to cease them to work toward a nuclear-weapon-free world.
     The day engages the UN, Member States, Non-Governmental Organizations (NGOs), academic institutions, and the media in promoting the ban on nuclear tests, a crucial step for global safety





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