Current Affairs - Current Affairs

Exercise : Daily Current Affairs
  • August 4, 2023 Current Affairs
1.
Who has recently become India's top-ranked chess player, surpassing Viswanathan Anand in the live world rankings?
Praggnanandhaa R
D. Gukesh
Aryan Chopra
S. L. Narayanan
Answer: Option
Explanation:
D. Gukesh, the 17-year-old chess prodigy, has overtaken Grandmaster Viswanathan Anand to become India's top-ranked chess player in the live world rankings.

2.
Who is currently the richest man in India as of August 2023?
Gautam Adani
Cyrus Poonawalla
Shiv Nadar
Mukesh Ambani
Answer: Option
Explanation:
Mukesh Ambani is currently the richest man in India with a net worth of $90.8 billion. He is ranked 13th on the global list of richest individuals as of August 2023. Gautam Adani is ranked second on the list with a net worth of $54.9 billion.

3.
According to S&P Global's report, what is the projected average GDP growth rate for India from FY24 to FY31?
5.2%
6.7%
7.5%
8.9%
Answer: Option
Explanation:
The report forecasts that India will grow at an average rate of 6.7% per year from FY24 to FY31, making it the fastest-growing large economy. India aims to increase its share of global manufacturing exports and raise manufacturing's contribution to GDP to 25% by 2025, as stated in the report by S&P Global.

4.
What significant achievement has recently been recorded at the Assam State Zoo?
Breeding of snow leopards
Successful rehabilitation of injured tigers
Breeding of Himalayan Vulture in captivity
Establishment of a new panda exhibit
Answer: Option
Explanation:
The Assam State Zoo recently achieved the successful breeding of a Himalayan Vulture in captivity, which is a significant achievement for wildlife conservation. Successful breeding is the second instance in the world, after France, where these vultures have been bred in captivity. The Himalayan Vulture is categorized as 'Near Threatened' according to its conservation status.

5.
What is the purpose of the 'Rajmargyatra' mobile app introduced by NHAI?
To provide entertainment content for highway users
To offer a seamless travel experience on Indian National Highways
To facilitate online shopping for highway travellers
To offer language translation services for highway users
Answer: Option
Explanation:
The 'Rajmargyatra' app introduced by NHAI aims to provide a seamless travel experience for highway users on Indian National Highways by offering comprehensive information and efficient complaint redressal. Also, the app sends over-speeding notifications to users to promote responsible driving behaviour and reduce accidents on national highways.

6.
What is the primary objective of the partnership between Axis Bank and Kiwi in offering lifetime free Axis Bank KWIK virtual credit cards through the Kiwi app?
To provide customers with traditional credit card rewards and benefits.
To promote cash payments and discourage digital transactions.
To offer virtual credit cards exclusively to Axis Bank customers.
To combine UPI's convenience with credit card rewards and benefits.
Answer: Option
Explanation:
The partnership aims to provide customers with the convenience of UPI's fast and secure payments while enjoying the benefits of credit and card rewards, merging UPI's convenience with credit card features.

7.
What is the total amount sanctioned by NABARD to the Rajasthan government under the Rural Infrastructure Development Fund (RIDF) for the financial year 2023-24?
Rs 1,500.25 crore
Rs 1,800.27 crore
Rs 1,974.07 crore
Rs 2,200.50 crore
Answer: Option
Explanation:
NABARD has sanctioned a total amount of Rs 1,974.07 crore to the Rajasthan government under the RIDF for the financial year 2023-24. NABARD has sanctioned Rs 926.48 crore for the improvement of rural roads in Rajasthan.

8.
What is the purpose of the newly introduced Ayush (AY) visa category by the Ministry of Home Affairs?
To attract foreign nationals for educational purposes in India.
To promote wellness and Yoga among Indian citizens.
To facilitate medical treatment under Ayush systems for foreign nationals.
To encourage Indian citizens to seek medical treatment abroad.
Answer: Option
Explanation:
The Ayush (AY) visa category introduced by the Ministry of Home Affairs aims to allow foreign nationals to receive medical treatment under Ayush systems/Indian systems of medicine, including therapeutic care, wellness, and Yoga.

9.
How often does the Asian Games take place, and which organization is responsible for organizing it?
Every two years, organized by the Asian Olympic Committee.
Every four years, organized by the Olympic Council of Asia (OCA).
Every year, organized by the International Olympic Committee (IOC).
Every three years, organized by the Asian Games Federation.
Answer: Option
Explanation:
The Asian Games takes place every four years and is organized by the Olympic Council of Asia (OCA). China has been selected as the host country for the upcoming Asian Games in 2023.

10.
What was Namdeo Dhondo Mahanor best known for?
His contributions to Marathi literature
His career as an actor
His achievements in sports
His work in politics
Answer: Option
Explanation:
Namdeo Dhondo Mahanor was noted for his poems and lyrics for Marathi movies, showcasing his significant contributions to Marathi literature and the arts. Namdeo Dhondo Mahanor was awarded the Padma Shri in 1991 for his notable contributions to the field of literature and his impact on Marathi culture.

11.
What is the name of the new security pact that Pakistan has approved with the United States?
Communication and Security Memorandum of Understanding (CS-MOU)
Defense Cooperation Enhancement Agreement (DCEA)
Communication Interoperability and Security Memorandum of Agreement (CIS-MOA)
Bilateral Security Enhancement Pact (BSEP)
Answer: Option
Explanation:
The new security pact that Pakistan has approved with the United States is called the Communication Interoperability and Security Memorandum of Agreement (CIS-MOA). The primary purpose of the CIS-MOA is to facilitate military hardware procurement and enhance defence ties between Pakistan and the United States.

12.
Who inaugurated the 'Unmesha' International Literature Festival and the 'Utkarsh' Festival of Folk and Tribal Performing Arts in Bhopal, Madhya Pradesh?
Prime Minister of India
President of India
Chief Minister of Madhya Pradesh
Minister of Culture and Arts
Answer: Option
Explanation:
The President of India, Smt Droupadi Murmu, inaugurated the 'Unmesha' International Literature Festival and the 'Utkarsh' Festival of Folk and Tribal Performing Arts in Bhopal, Madhya Pradesh. The 'Unmesha' festival celebrates international literature, while the 'Utkarsh' festival celebrates folk and tribal performing arts. The 'Unmesha' festival is organized by Sahitya Akademi, and the 'Utkarsh' festival is organized by Sangeet Natak Akademi.

13.
Who unveiled the new logo of the National Mineral Development Corporation (NMDC)?
Union Finance Minister
Union Steel Minister and Civil Aviation Minister
Chief Minister of Telangana
CEO of NMDC
Answer: Option
Explanation:
The new logo of NMDC was unveiled by Jyotiraditya Scindia, the Union Minister of Steel and Civil Aviation. The new logo of NMDC symbolizes the company's past achievements, present commitment, and future aspirations. The headquarters of NMDC is in Hyderabad, Telangana.

14.
In which year did the Indian National Cricket team win the ICC T20 World Cup?
2007
2011
2013
2020
Answer: Option
Explanation:
The Indian National Cricket team won the ICC T20 World Cup in the year 2007.

15.
Who has been appointed as the new special agent in charge of the Salt Lake City Field Office by FBI Director Christopher Wray?
Christopher Wray
Shohini Sinha
Sumit Arora
Charles Joseph Bonaparte
Answer: Option
Explanation:
Shohini Sinha, an Indian-American, has been selected as the new special agent in charge of the Salt Lake City Field Office by FBI Director Christopher Wray.

16.
What was the S&P Global India Services Purchasing Managers’ Index (PMI) reading in July?
48.5
55.7
62.3
70.9
Answer: Option
Explanation:
The S&P Global India Services PMI reached a record high of 62.3 in July, indicating a significant expansion in the services sector. An S&P Global India Services PMI reading above 50 indicates economic expansion in the services sector.

17.
What regulatory measures have been taken by RBI in response to the delayed reporting of overseas investments?
Increasing interest rates
Reducing taxes
Ceasing outward remittances
Providing subsidies
Answer: Option
Explanation:
RBI has directed authorized dealer banks to cease outward remittances or financial commitments by individuals towards foreign entities until the reporting issues are regularized.

18.
What is a requirement for companies aspiring for Maharatna status according to SEBI regulations?
Reporting an annual net profit exceeding Rs 2,500 crore.
Being listed on the Indian stock exchange with any public shareholding.
Holding Navratna status for at least five years.
Demonstrating significant global presence through subsidiaries.
Answer: Option
Explanation:
Companies aspiring for Maharatna status must maintain an average annual net profit exceeding Rs 2,500 crore over the last three years, among other criteria.

19.
What is the eligibility criteria for cases to be considered under the Vivad se Vishwas 2.0 scheme?
The dispute must involve an international party.
The dispute must be related to intellectual property rights.
The arbitral award must have been issued up to January 31, 2023, or the court award must have been passed on or before April 30, 2023.
The dispute must involve criminal offences.
Answer: Option
Explanation:
Cases are eligible for consideration under the Vivad se Vishwas 2.0 scheme if the arbitral award was issued up to January 31, 2023, or the court award was passed on or before April 30, 2023, in an arbitral proceeding or court proceeding involving the government or its undertakings.

20.
What benefits do entities recognize as startups under the Startup India initiative receive from DPIIT?
Access to mentorship and networking opportunities.
Tax exemptions and government-funded schemes.
Performance evaluation over a specific number of years.
Access to angel investors and venture capital only.
Answer: Option
Explanation:
Entities recognized as startups under the Startup India initiative receive various benefits, including access to mentorship, networking opportunities, and incubation facilities to help them refine their business models and strategies.