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- Name India’s first multinational air exercise that recently (in August 2024) began at the Sulur Air Base in Coimbatore, Tamil Nadu (TN).
1) Tarkash 2024
2) Gagan Shakti 2024
3) Tarang Shakti 2024
4) Bharat Shakti 2024
5) Yudh Abhyas 2024Answer- 3) Tarang Shakti 2024
Explanation:
On August 6, 2024, ‘Tarang Shakti (Wave of Power) 2024′, largest multilateral air exercise began at the Sulur Air Base in Coimbatore, Tamil Nadu (TN).
It is the first multinational air exercise to be conducted on India soil after 61 years.
The Tarang Shakti 2024 exercise is being conducted in two phases. The first phase being held in Sular, Tamil Nadu(TN) from August 6 to 14, 2024 and the second phase to be held in Jodhpur, Rajasthan from August 29 to September 14.
Around 30 countries, including the United States of America (USA), Germany, France, Australia, the United Arab Emirates (UAE), the United Kingdom (UK), and Singapore, will showcase their fighter jets. 10 countries which will participate with their assets, and 18 countries as observers. - Which of the following does not belong to the four pillars of the newly introduced Quality Council of India’s (QCI) Surajya Recognition & Ranking Framework?
1) Shiksha
2) Swasthya
3) Samriddhi
4) Sushasan
5) KisanAnswer-5) Kisan
Explanation:
The Quality Council of India (QCI), an autonomous body set up by the Ministry of Commerce and Industry (MoC&I), is introducing the QCI Surajya Recognition & Ranking Framework, designed to drive excellence among states to improve citizens’ quality of life for Viksit Bharat.
This framework is categorised under 4 pillars namely, Shiksha (Education), Swasthya (Health), Samriddhi (Prosperity), and Sushasan (Governance).
The Surajya Recognition acknowledges the outstanding performance and commitment to quality by states and organisations in these 4 vital areas.Click here to read more - Which Programme/ scheme has recently (in August ‘24) launched the ‘Million Designers, Billion Dreams’ initiative in collaboration with Leap Designs?
1) Aspirational Blocks Programme
2) PM Mahila Shakti Kendra scheme
3) Mahila Samridhi Yojana
4) Deendayal Antyodaya Yojana–National Rural Livelihoods Mission
5) One Stop Centre (OSC) schemeAnswer-4) Deendayal Antyodaya Yojana–National Rural Livelihoods Mission
Explanation:
On 6th August 2024, the Deendayal Antyodaya Yojana–National Rural Livelihoods Mission (DAY-NRLM) launched the ‘Million Designers, Billion Dreams’ initiative in collaboration with Leap Designs. This initiative aims to empower individuals across India with systems design know-how to tackle complex societal challenges.
The launch event was chaired by Charanjit Singh, Additional Secretary, Rural Livelihoods (RL), Ministry of Rural Development (MoRD). - In July 2024, the Reserve Bank of India (RBI) issued Master Directions on the treatment of wilful defaulters and large defaulters to scrutinize all Non-Performing Asset (NPA) accounts that have outstanding amounts of _______ and above.
1) Rs 20 lakh
2) Rs 10 lakh
3) Rs 25 lakh
4) Rs 15 lakh
5) Rs 30 lakhAnswer-3) Rs 25 lakh
Explanation:
On 30th July 2024, the Reserve Bank of India (RBI) issued a Master Directions on the Treatment of Wilful Defaulters and Large Defaulters , under which banks and Non-Banking Financial Companies (NBFCs) are required to scrutinize all Non-Performing Asset (NPA) accounts which have outstanding amounts of Rs 25 lakh and above for wilful default. These directions will come into effect after 90 days from the date of publication.
Aim: To set up a transparent and non-discriminatory framework for classifying borrowers as “wilful defaulters” and also disseminate credit information about wilful defaulters to caution lenders against extending further finance to them.
RBI issued these directions in exercise of powers given under section 45-L of the RBI Act, 1934, Section21, Section 35-A and Section 35-A read with Section 56 of the Banking Regulation Act, 1949 and Section 11 of the Credit Information Companies (CICs) (Regulation) Act, 2005. - Which organisation has recently (in August 2024) entered into a bancassurance partnership with HSBC India for the distribution of non-life insurance products?
1) Universal Sompo General Insurance Company
2) Royal Sundaram General Insurance Company
3) SBI General Insurance Company
4) TATA AIG General Insurance Company
5) Life insurance corporationAnswer-3) SBI General Insurance Company
Explanation:
Mumbai (Maharashtra) based SBI General Insurance Company Limited (SBI General Insurance) and the Hongkong and Shanghai Banking Corporation Limited, India (HSBC India) have entered into a bancassurance partnership for the distribution of non-life insurance products.
i.Under this partnership, SBI General Insurance aims to provide innovative insurance solutions to HSBC India’s customers across India and the HSBC India will provide its customers with the entire suite of SBI General Insurance’s non-life insurance products, including health, property, motor and travel. - Which company has recently (in August 2024) partnered with the Development Financial Institution (DFI) for raising long-term debt funds to promote its Electric Vehicle (EV) portfolio?
1) Muthoot Capital Services Limited
2) Mahindra & Mahindra Financial Services Limited
3) L&T Finance Limited
4) Poonawalla Fincorp Limited
5) Piramal Capital & Housing Finance LimitedAnswer-1) Muthoot Capital Services Limited
Explanation:
Muthoot Capital Services Limited (MCSL) has announced its partnership with the United Kingdom (UK) based Development Financial Institution (DFI) for raising long term debt funds to promote its Electric Vehicle (EV) portfolio.
It is one of Muthoot Capital’s largest partnership deals for sustainability and environmental initiatives.
The partnership is facilitated by Mumbai(Maharashtra) based Axis Bank Limited, is worth Rs100 crore, provides sustainable mobility solutions and promotes the use of electric vehicles in India, particularly among lower middle-class consumers. - Which company has recently (in August 2024) signed a Joint Venture (JV) agreement with Coal India Limited (CIL) to set up a Coal-to-Synthetic Natural Gas (SNG) project in West Bengal?
1) Indian Oil Corporation Limited
2) Bharat Petroleum Corporation Limited
3) Mineral Oil Company Private Limited
4) GAIL India Limited
5) Oil and Natural Gas CorporationAnswer-4) GAIL India Limited
Explanation:
The Ministry of Coal (MOC) in collaboration with the Ministry of Power and Natural Gas (MOP & NG) has facilitated a Joint Venture (JV) agreement between two Maharatna CPSEs, Coal India Limited (CIL),Kolkata (West Bengal, WB) and GAIL (India) Limited (GAIL),New Delhi, (Delhi) to set up a Coal-to-Synthetic Natural Gas (SNG) project in West Bengal utilising Surface Coal Gasification (SCG) technology.
i.The SNG plant which is set to be located in the Raniganj area of Eastern Coalfields Limited(ECL), WB will have a production capacity of 80,000 Normal Meter Cubed(Nm3) per hour of SNG, translating to an annual output of 633.6 million Nm3.
ii.As per the agreement, CIL will hold 51%, while GAIL will own the remaining 49%. - Who was recently (in August 2024) named as the chief adviser of the Bangladesh interim government by President Mohammed Shahabuddin?
1) Muhammad Yunus
2) Sheikh Hasina
3) José Raúl Mulino
4) Allamaye Halina
5) Khaleda ZiaAnswer-1) Muhammad Yunus
Explanation:
On 6th August 2024, Nobel Peace Prize winner Muhammad Yunus, a Bangladeshi Banker, has been appointed as the chief adviser of Bangladesh’s interim government by the Bangladesh President Mohammed Shahabuddin.
Muhammad Yunus and his Grameen Bank won the Nobel Peace Prize for 2006 for their work to “create economic and social development from below”
The appointment comes a day after Bangladesh Prime Minister(PM) Sheikh Hasina resigned and fled Bangladesh following a violent crackdown on a student-led uprising.
Sheikh Hasina was the longest serving PM in Bangalseh history, until her resignation on 5 August 2024. She served as 1st term as PM from 1996 to 2001 and again from January 2009 to August 2024. - Name the Chinese-American physicist, who became the 2nd youngest scientist to receive the Nobel Prize for Physics in 1957, passed away in August 2024.
1) Avi Wigderson
2) Peter Higgs
3) Alice Laidlaw Munro
4) Chien-Shiung Wu
5) Tsung-Dao LeeAnswer-5) Tsung-Dao Lee
Explanation:
Nobel Prize-winning Chinese-American physicist Tsung-Dao Lee passed away at the age of 97 in San Francisco, California, the United States of America (USA). He was born on 24th November 1926 in Shanghai, China.
In 1957, Lee (31) became the second youngest scientist to receive the Nobel Prize for Physics.
He shared the prize with Chen Ning Yang (C N Yang), Chinese theoretical physicist “for their penetrating investigation of the so-called parity laws which has led to important discoveries regarding the elementary particles”.
Tsung-Dao Lee is well-known for Lee–Yang theorem, theory of particle physics, the theory of the nucleus, and statistical physics.
He developed a model, which is a framework for studying various quantum phenomena known as the ‘Lee model’. - When was the National Handloom Day annually observed across India?
1) April 21
2) July 30
3) March 4
4) August 7
5) May 11Answer-4) August 7
Explanation:
National Handloom Day is annually observed across India on 7 August to honour the handloom weaving community engaged in the handloom sector and highlight the handloom industry’s contribution to India’s socioeconomic development.
The Day is also celebrated to commemorate the Swadeshi Movement, which was launched on 7 August 1905.
In 2015, the Government of India (GoI) decided to designate the 7th of August every year, as the National Handloom Day.Click here to read more
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