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- In July 2024, India extended two Lines of Credit (LoC) totaling _________ to Vietnam to strengthen its maritime security during the Indian visit of Vietnam Prime Minister (PM) Pham Minh Chinh.
1) USD 50 million
2) USD 500 million
3) USD 135 million
4) USD 300 million
5) USD 210 million
Answer & Explanation
Answer-4) USD 300 million
Explanation:
The Prime Minister(PM) of Vietnam H.E. Pham Minh Chinh paid a State Visit to India from 30 July to 1 August 2024, at the invitation of Narendra Modi PM of India to deepen comprehensive strategic partnership and enhance cooperation between the two countries.
In a sign of their growing strategic partnership, India has extended two Lines of Credit (LoC) amounting to USD 300 million to Vietnam to bolster the country’s maritime security.
India and Vietnam agreed on a new plan of action, which will be implemented over the next five years (2024-2028) to strengthening bilateral trade and economic cooperation.
India and Vietnam joined hands to Preserve Maritime History with National Maritime Heritage Complex (NMHC) in Lothal, Gujarat.
PM Modi and Vietnam PM Pham Minh Chinh virtually inaugurated the Army Software Park in the Telecommunications University in Nha Trang, Vietnam.Click here to read more
- Which city has recently (in August ‘24) hosted the 32nd International Conference of Agricultural Economists (ICAE 2024)?
1) New Delhi, Delhi
2) Mumbai, Maharashtra
3) Chennai, Tamil Nadu
4) Bengaluru, Karnataka
5) Kolkata, West Bengal
Answer & Explanation
Answer-1) New Delhi, Delhi
Explanation:
On 3rd August 2024, Narendra Modi, Prime Minister(PM) of India inaugurated the 32nd International Conference of Agricultural Economists (ICAE 2024) at the National Agricultural Science Centre (NASC) Complex in New Delhi, Delhi.
The triennial conference is taking place in India after 65 years. The conference is set to culminate on 7th August 2024.
The theme of ICAE 2024 is “Transformation Towards Sustainable Agri-Food Systems”.
India previously hosted the conference in 1958 in Mysore (now Mysuru), Karnataka.
- Which of the following is ‘not’ one of the four applications recently (in August ‘24) launched by Union Home Minister Amit Shah for the 3 new criminal laws in Chandigarh?
1) e-Sakshya
2) Nyaya Setu
3) Nyaya Shruti
4) e-Summon
5) e-Samman
Answer & Explanation
Answer-5) e-Samman
Explanation:
On 4th August 2024, Union Minister Amit Shah, Ministry of Home Affairs (MoHA) and Ministry of Cooperation (MoC) has launched 4 Applications(Apps) namely, e-Sakshya, Nyaya Setu, Nyaya Shruti and e-Summon for the 3 new criminal laws in Chandigarh. These apps were developed by National Informatics Centre (NIC), New Delhi(Delhi).
i.The 3 new criminal laws – Bharatiya Nyaya Sanhita (BNS), Bharatiya Nyaya Suraksha Sanhita (BNSS) and Bharatiya Sakshya Adhiniyam (BSA) which came into effect on 1st July, 2024, has repealed the British-era laws, the Indian Penal Code (IPC), 1860; the Criminal Procedure Code (CrPc), 1973 and the Indian Evidence Act (IEA), 1872 respectively.
ii.e-Sakshya app is a mobile based application which will enable the police to save all videography, photography and testimonies in a criminal case on a cloud-based e-evidence server, which will also be available in the courts immediately.
iii.Nyaya Shruti app will facilitate judicial hearings through electronic medium like: video conferencing and onboarding of documents, has also been shared with all states or Union Territories (UTs) and e-committee of the Supreme Court(SC) for implementation by the courts.
iv.Nyaya Setu will provide a unified legal interface for legal information, legal advice and legal assistance and thus enable a more inclusive and just society.
- According to the recent (August ‘24) notification from the Government of India(GoI), Central Public Sector Enterprises (CPSEs), Public Sector Banks (PSBs), and Financial Institutions (FIs) are required to increase their public shareholding to at least ________ by August 1, 2026.
1) 10%
2) 30%
3) 15%
4) 25%
5) 18%
Answer & Explanation
Answer-4) 25%
Explanation:
The government has extended the deadline for the Central Public Sector Enterprises (CPSEs), Public Sector Banks (PSBs), and Financial Institutions (FIs) to adhere to the Minimum Public Shareholding (MPS) norms until August 2026. This extension allows CPSEs, PSBs, and FIs to increase their public shareholding to at least 25% by 1 August 2026.
The Ministry of Finance (MoF) issued a memorandum granting this exemption in the public interest. As per the earlier order, the two-year exemption was to end on August 1, 2024.
As of March 31, 2024, 7 out of 12 PSBs are compliant with the MPS norm, including State Bank of India (SBI), Punjab National Bank (PNB), Canara Bank, Bank of Baroda, Indian Bank, Union Bank of India (UBI), and Bank of India (BoI).
State-owned Life Insurance Corporation of India (LIC) has been given until May 16, 2027, to achieve a 10% public shareholding.
- Which state has recently(in August ‘24) become the first state in India to implement a Disaster Risk Transfer Parametric Insurance Solution (DRTPS) by signing a MoU with State Bank of India (SBI) General Insurance Company Limited?
1) Assam
2) Nagaland
3) Kerala
4) Uttarakhand
5) Himachal Pradesh
Answer & Explanation
Answer-2) Nagaland
Explanation:
On 2nd August 2024, the Government of Nagaland has signed a Memorandum of Understanding (MoU) with State Bank of India (SBI) General Insurance Company Limited for Disaster Risk Transfer Parametric Insurance Solution (DRTPS). With this, Nagaland becomes the 1st state in India to implement a disaster risk management insurance solution.
The MoU was signed for a period of 3 years (2024 to 2027) with immediate effect.
DRTPS, a parametric multi-year risk transfer solution will help in protecting the critical infrastructure of Nagaland and will mitigate economic losses due to a disaster.
The insurance covers the entire Nagaland and also the government of Nagaland will pay the insurance premium. Incase a disaster happens, the insurer will come to the rescue for 3 years.
- Which institute has recently (in July ‘24) partnered with the Industrial Development Bank of India Limited (IDBI) to establish the cybersecurity lab?
1) IIT Hyderabad
2) IIT Kharagpur
3) IIT Madras
4) IIT Kanpur
5) IIT Bombay
Answer & Explanation
Answer-3) IIT Madras
Explanation:
The Indian Institute of Technology-Madras (IITM), Chennai, Tamil Nadu, has partnered with the Industrial Development Bank of India Limited (IDBI) to establish the ‘IDBI – IITM Secure Systems Lab’ (I2SSL) to develop and deploy security solutions in healthcare, fintech and aerospace.
i.This state -of-the-art cybersecurity laboratory focuses on creating market-ready IPs in cybersecurity, productisation and commercialisation of research work, especially for mobile technologies.
ii.It will undertake experimental evaluation and assessment exercises, develop test cases, conduct research, and devise hardening guidelines to help enterprises manage cybersecurity risks in real time.
- Who has recently (in August 2024) assumed additional charge as the Director General (DG) of the Border Security Force (BSF)?
1) Sanjay Bhalla
2) Daljit Singh Chawdhary
3) Sanjiv Puri
4) Jethabhai Bharvad
5) Nitin Agrawal
Answer & Explanation
Answer-2) Daljit Singh Chawdhary
Explanation:
On 3rd August 2024, Daljit Singh Chawdhary, the Director General (DG) of Sashastra Seema Bal (SSB) took over the additional charge as the DG of Border Security Force (BSF) following the repatriation of Nitin Agrawal, the incumbent DG of BSF.
He will hold the additional charge until the appointment of a regular incumbent or until further orders, whichever is earlier.
Nitin Agrawal, DG of BSF and Y B Khurania, Special DG (West), BSF, were repartied to their state cadres with immediate effect. This comes amid a spike in terror incidents and infiltration bids in Jammu and Kashmir (J&K).
- Name the Indian classical dancer and Padma Awardee who recently passed away in August 2024.
1) Venkataiah Sreenivasa Prasad
2) Birubala Rabha
3) Yamini Krishnamurthy
4) Pahalman Subba
5) Uma Ramanan
Answer & Explanation
Answer-3) Yamini Krishnamurthy
Explanation:
Padma Awardee Mungara Yamini Krishnamurthy, a renowned Indian Classical Dancer, has passed away at the age of 83 in New Delhi, Delhi. She was born on December 20, 1940 in Madanapalle in Chittoor district, Andhra Pradesh (AP).
Government of India (GoI) honoured Yamini with Padma Shri (1968), Padma Bhushan (2001) and Padma Vibhushan (2016) for her contributions in the field of arts.
Mungara Yamini Krishnamurthy is a distinguished Indian classical dancer, and a doyen of Bharatanatyam, Kuchipudi and Odissi for over four decades.
She published an autobiography titled ‘A Passion for Dance’ with Renuka Khandekar in 1995.
- Who is the author of the book titled ‘India@100: Envisioning Tomorrow’s Economic Powerhouse’?
1) K V Subramanian
2) Vishal Pandey
3) Norris Pritam
4) S.Ramann
5) Parimal Nathwani
Answer & Explanation
Answer-1) K V Subramanian
Explanation:
Union Minister Piyush Vedprakash Goyal, Ministry of Commerce and Industry (MOCI) has launched the book titled ‘India@100: Envisioning Tomorrow’s Economic Powerhouse’, authored by Professor K V Subramanian, the Executive Director (ED), International Monetary Fund (IMF).
i.The launch event took place at the Associated Chambers of Commerce & Industry of India (ASSOCHAM)in New Delhi, Delhi.
ii.The book predicts that India can achieve a USD 55 trillion economy in 2047 with self-sufficiency, stronger currency, fundamentals and 8% Annual Growth Rate (AGR).
- When was the Indian Organ Donation Day (IODD) annually celebrated to commemorate the first successful heart transplant in India?
1) May 18
2) May 7
3) April 24
4) August 3
5) July 29
Answer & Explanation
Answer- 4) August 3
Explanation:
The Indian Organ Donation Day (IODD) is annually celebrated across India on 3rd August to commemorate the 1st successful deceased donor organ transplant, which was also the 1st Heart transplant in India.
3rd August 2024 marks the observance of the 14th IODD.
IODD is annually celebrated by the National Organ and Tissue Transplant Organization (NOTTO).
World Organ Donation Day is observed on 13 August in many parts of the world to raise awareness of Organ Donation.
In 2024, the Government of India (GoI) launched a major awareness campaign named, “Angdaan Jan Jagrukta Abhiyaan” (Mass Awareness Campaign on Organ Donation).Click here to read more
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