Current Affairs Q&A August 2024
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Questions and Answers

What is the minimum public shareholding required for CPSEs, PSBs, and FIs by August 1, 2026?

  • 10%
  • 25% (correct)
  • 15%
  • 30%
  • What feature does the Nyaya Shruti app provide for judicial hearings?

  • Internet browsing for legal precedents
  • Physical document storage
  • Video conferencing and document onboarding (correct)
  • Courtroom management tools
  • Which of the following applications allows police to save evidence in a cloud-based server?

  • e-Sakshya (correct)
  • Judicial Connect
  • Nyaya Shruti
  • Nyaya Setu
  • Which organization provided an extension for the minimum public shareholding norms?

    <p>Ministry of Finance</p> Signup and view all the answers

    As of March 31, 2024, how many PSBs are compliant with the Minimum Public Shareholding norm?

    <p>7</p> Signup and view all the answers

    What is the purpose of the Nyaya Setu application?

    <p>To provide legal information and assistance</p> Signup and view all the answers

    What exemption has been granted to Life Insurance Corporation of India regarding public shareholding?

    <p>Until May 16, 2027</p> Signup and view all the answers

    What types of banks does the revised BDDR instructions from the Reserve Bank of India apply to?

    <p>Co-operative banks</p> Signup and view all the answers

    Which type of banks are mandated to identify and quantify BDDR balances by March 31, 2025?

    <p>Urban Co-operative Banks and State Cooperative Banks</p> Signup and view all the answers

    What significant action did the Government of Nagaland take on August 2, 2024?

    <p>Signed a MoU for Disaster Risk Transfer Parametric Insurance Solution</p> Signup and view all the answers

    What is the duration of the MoU signed by Nagaland with SBI General Insurance?

    <p>3 years</p> Signup and view all the answers

    What should the BDDR balances be appropriated from according to the new instructions?

    <p>Profit and Loss account or General Reserves</p> Signup and view all the answers

    Which cooperative banking structure is NOT mentioned in the revised instructions on BDDR?

    <p>Micro-finance Institutions</p> Signup and view all the answers

    What type of insurance solution is DRTPS classified as?

    <p>Parametric Insurance</p> Signup and view all the answers

    What is one of the main purposes of the DRTPS for Nagaland?

    <p>To protect critical infrastructure</p> Signup and view all the answers

    Which organization did Nagaland sign the MoU with regarding DRTPS?

    <p>State Bank of India General Insurance Company Limited</p> Signup and view all the answers

    Which organization partnered with Thomas Cook (India) Limited to launch the RuPay AED Forex Card for Indian travelers?

    <p>National Payments Corporation of India</p> Signup and view all the answers

    What is the primary function of the RuPay AED Forex Card launched by Thomas Cook (India) Limited?

    <p>To facilitate non-cash transactions and ATM withdrawals in the UAE</p> Signup and view all the answers

    Which institute partnered with IDBI to establish the IDBI – IITM Secure Systems Lab?

    <p>IIT Madras</p> Signup and view all the answers

    Which organization received a defense license to manufacture products for military use in August 2024?

    <p>Kalyani Strategic Systems Limited</p> Signup and view all the answers

    What is one of the focuses of the cybersecurity lab established by IIT Madras and IDBI?

    <p>Productization and commercialization of research in cybersecurity</p> Signup and view all the answers

    Who took over as the Director General of the Border Security Force in August 2024?

    <p>Daljit Singh Chawdhary</p> Signup and view all the answers

    Which sector is NOT mentioned as a focus area for security solutions by the cybersecurity lab at IIT Madras?

    <p>Travel industry</p> Signup and view all the answers

    What was the name of the act under which Kalyani Strategic Systems Limited was granted a defense license?

    <p>Industries (Development and Regulation) Act, 1951</p> Signup and view all the answers

    What technology partner is mentioned as powering the RuPay AED Forex Card?

    <p>CARD91</p> Signup and view all the answers

    Who was the incumbent DG of BSF before Daljit Singh Chawdhary took over in August 2024?

    <p>Nitin Agrawal</p> Signup and view all the answers

    Where is Kalyani Strategic Systems Limited based?

    <p>Maharashtra</p> Signup and view all the answers

    What is the main goal of the IDBI – IITM Secure Systems Lab?

    <p>To evaluate and manage cybersecurity risks in real time</p> Signup and view all the answers

    What event prompted the repatriation of Nitin Agrawal from his position as DG of BSF?

    <p>Spike in terror incidents</p> Signup and view all the answers

    Which of the following statements is true about the RuPay AED Forex Card?

    <p>It is powered by NPCI's technology for ease of transactions</p> Signup and view all the answers

    What subsidiary is Kalyani Strategic Systems Limited a part of?

    <p>Bharat Forge Limited</p> Signup and view all the answers

    Which ministry granted the defense license to Kalyani Strategic Systems Limited?

    <p>Ministry of Commerce and Industry</p> Signup and view all the answers

    What significant Indian day is celebrated on August 3rd?

    <p>Indian Organ Donation Day</p> Signup and view all the answers

    In which year was the first National Bone and Joint Day observed in India?

    <p>2012</p> Signup and view all the answers

    What is the primary aim of National Bone and Joint Day?

    <p>To promote cost-effective prevention of musculoskeletal disorders</p> Signup and view all the answers

    Which astronauts were selected for the Axiom-4 mission to the ISS?

    <p>Shubhanshu Shukla and Prasanth Balakrishnan Nair</p> Signup and view all the answers

    Which position was assigned to Shubhanshu Shukla for the Axiom-4 mission?

    <p>Prime Mission Pilot</p> Signup and view all the answers

    When is the World Organ Donation Day observed in many parts of the world?

    <p>August 13</p> Signup and view all the answers

    What recognition did Yamini Krishnamurthy receive for her contributions to the arts?

    <p>Padma Awards</p> Signup and view all the answers

    Which organization leads the annual celebration of National Bone and Joint Day in India?

    <p>Indian Orthopaedic Association</p> Signup and view all the answers

    At what age did Yamini Krishnamurthy pass away?

    <p>83</p> Signup and view all the answers

    Which growth rate is predicted for India to achieve a USD 55 trillion economy by 2047?

    <p>8%</p> Signup and view all the answers

    Who authored the book ‘India@100: Envisioning Tomorrow’s Economic Powerhouse’?

    <p>K V Subramanian</p> Signup and view all the answers

    What was the venue of the launch event referred to in the content?

    <p>ASSOCHAM in New Delhi</p> Signup and view all the answers

    Which of the following statements is true regarding the Indian Organ Donation Day?

    <p>It is linked to awareness campaigns on organ donation.</p> Signup and view all the answers

    What styles of dance was Yamini Krishnamurthy known for?

    <p>Bharatanatyam, Kuchipudi, and Odissi</p> Signup and view all the answers

    Which date marks the announcement about the crew for the Axiom-4 mission?

    <p>2nd August 2024</p> Signup and view all the answers

    Yamini Krishnamurthy's autobiography is titled:

    <p>A Passion for Dance</p> Signup and view all the answers

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    Current Affairs Q&A PDF – 6 August 2024

    • Covers national affairs.
    • Discusses two Lines of Credit extended by India to Vietnam in July 2024.
    • Amounting to USD 300 million.
    • Focuses on strengthening Vietnam's maritime security.
    • Includes details of Indian and Vietnamese PM's meetings and cooperative initiatives.
    • Discusses the extension of an USD 50 million Treasury Bill (T-Bill) as budgetary support to Maldives.
    • Details on UNDP and GEF launched a USD 135 million program for Small Island Developing States (SIDS)

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    • Features National High-Speed Road Corridor projects involving Rs 50,655 crore.

    International Conference of Agricultural Economists (ICAE 2024)

    • Held in New Delhi, India in August 2024.
    • The theme was "Transformation Towards Sustainable Agri-Food Systems"
    • A triennial conference returning to India after 65 years
    • Previously held in Mysore (Karnataka).

    Applications for New Criminal Laws in Chandigarh

    • Launched in August 2024
    • Four applications: e-Sakshya, Nyaya Setu, Nyaya Shruti and e-Summon.
    • Developed by National Informatics Centre (NIC), New Delhi
    • 3 new criminal laws were enacted : Bharatiya Nyaya Sanhita (BNS), Bharatiya Nyaya Suraksha Sanhita (BNSS) and Bharatiya Sakshya Adhiniyam (BSA).
    • Effective from July 1, 2024
    • Replaced previous British-era laws (IPC, 1860; CrPc, 1973, and IEA, 1872).

    Public Shareholding Increase for CPSEs, PSBs, and FIs

    • Central Public Sector Enterprises (CPSEs), Public Sector Banks (PSBs), and Financial Institutions (FIs) are required to increase their public shareholding.
    • Deadline extended to at least 25% by August 1, 2026

    Bad and Doubtful Debt Reserve (BDDR)

    • RBI revised its instructions on BDDR for cooperative banks
    • Urban Cooperative Banks (UCBs), State Cooperative Banks (StCBs), and Central Cooperative Banks (CCBs).
    • Effective immediately.
    • Addresses concerns of policyholders concerning turnaround times (TAT) for motor insurance repairs.

    Disaster Risk Transfer Parametric Insurance Solution (DRTPS)

    • Nagaland became the first Indian state to implement DRTPS by signing an MoU with SBI General Insurance Company Limited.
    • Three year agreement (2024-27) covers the entire state.

    RuPay AED Forex Card

    • Thomas Cook (India) partnered with the National Payments Corporation of India (NPCI)
    • Launched RuPay AED Forex Card for Indian travelers.

    Organization Receiving Defence License

    • Kalyani Strategic Systems Limited (KSSL) received a license in August 2024 to manufacture defence products.
    • Located in Pune, Maharashtra

    Border Security Force (BSF) Director General

    • Daljit Singh Chawdhary assumed additional charge as Director General (DG) of BSF.

    Indian Astronauts Selected for Axiom-4 Mission

    • Group Captain Shubhanshu Shukla and Group Captain Prasanth Balakrishnan Nair selected as crew members.
    • For the Axiom-4 (Ax-4) mission to the International Space Station (ISS).

    Padma Awardee Dancer Passed Away

    • Yamini Krishnamurthy, a renowned Indian classical dancer, passed away in August 2024.

    Indian Economic Powerhouse Book

    • K.V. Subramanian authored the book 'India@100: Envisioning Tomorrow's Economic Powerhouse'.
    • Published by the International Monetary Fund (IMF).

    India Organ Donation Day (IODD)

    • Celebrated annually on August 3 to commemorate the first successful heart transplant in India.

    National Bone and Joint Day

    • Celebrated annually on August 4 to raise awareness about bone and joint health.

    Puducherry Budget

    • Puducherry CM N. Rangasamy presented a tax-free budget of Rs 12,700 crore for fiscal year 2024-2025.
    • Revenue expenditure: Rs. 10,969.80 crore
    • Capital expenditure: Rs.1,730.20

    Sikkim Tax Exemption

    • Sikkim residents are exempted from income taxes under Section 10(26AAA) of the Income Tax Act, 1961

    Comet Ejected from Solar System

    • Comet A117uUD discovered in June 2024.
    • Ejected after a close encounter with Saturn.

    Gas Production in India (FY2023-24)

    • India achieved gas production of 36.43 billion cubic meters (BCM) in the fiscal year 2023-2024.

    Smart Saver Plus Add-on for Motor Insurance Policies

    • ICICI Lombard General Insurance launched the Smart Saver Plus add-on.

    Haryana and MSP Purchases

    • Haryana became the first state in India to purchase all 23 crops at Minimum Support Price (MSP).

    Nokrek Ridge National Park

    • Located in Meghalaya.

    Badische Anilin und Soda Fabrik (BASF) Sustainability-Linked Payables Finance Program

    • Launched in Asia.
    • Deutsche Bank AG partnered with BASF.

    Fakim Wildlife Sanctuary

    • Located in Nagaland.

    Oussudu Lake Bird Sanctuary

    • Located in Puducherry.

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    Description

    Test your knowledge of the latest national affairs with this quiz focused on key events as of August 2024. This resource includes questions related to India's foreign credit extensions and significant updates in the banking sector. Perfect for students and professionals preparing for competitive exams.

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