Current Affairs Quiz September 2023
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Questions and Answers

What is the maximum monthly limit per delegation under the UPI Circle feature?

  • ₹15,000 (correct)
  • ₹25,000
  • ₹10,000
  • ₹20,000

    • How many new districts has the Ministry of Home Affairs announced in the union territory of Ladakh?

  • Five (correct)
  • Four
  • Three
  • Six

    • What is the current limit of nominees allowed per bank account according to the New Banking Laws (Amendment) Bill, 2024?

  • Two
  • Four
  • One (correct)
  • Three

    • What was ranked as the strongest food brand in the world in Brand Finance ‘Food & Drink 2024’?

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

    What financial allocation has the Indian government earmarked for land-related reforms for the financial year 2024-25?

    <p>₹10,000 crore</p> Signup and view all the answers

    What is the assured minimum pension under the Unified Pension Scheme for employees with at least 10 years of service?

    <p>₹10,000 per month</p> Signup and view all the answers

    What is the role of the Union Government regarding the Unified Pension Scheme?

    <p>To contribute 5% of the employees' salary</p> Signup and view all the answers

    Who is recognized as the father of Agni Missiles?

    <p>Ram Narain Agarwal</p> Signup and view all the answers

    Which of the following statements about RHUMI 1 is true?

    <p>It utilizes a combination of liquid and solid fuels.</p> Signup and view all the answers

    When is the Unified Pension System set to be rolled out?

    <p>April 1, 2025</p> Signup and view all the answers

    Which items are explicitly permitted to be stored in bank lockers under the updated bank locker agreement?

    <p>Jewellery and important documents</p> Signup and view all the answers

    What is the liability of a bank for losses due to its negligence involving bank lockers?

    <p>Up to one hundred times the annual locker rent</p> Signup and view all the answers

    What is the primary goal of the Pradhan Mantri JI-VAN Yojana?

    <p>To establish commercially viable projects for 2G Ethanol production</p> Signup and view all the answers

    How many women are expected to hold bank deposits by 2036 according to the 'Women and Men in India 2023' report?

    <p>About 20.8% of total bank deposits</p> Signup and view all the answers

    How many crore is the expected population of India by 2036?

    <p>152.2 crore</p> Signup and view all the answers

    Who was selected as the first recipient of the Vigyan Ratna Puraskar?

    <p>Govindarajan Padmanabhan</p> Signup and view all the answers

    Which bank introduced a Braille Debit Card for visually impaired customers?

    <p>Punjab National Bank</p> Signup and view all the answers

    What is the theme for National Space Day on 23rd August?

    <p>Touching Lives while Touching the Moon: India's Space Saga</p> Signup and view all the answers

    What percentage of retail inflation based on the consumer price index (CPI) was recorded in July?

    <p>3.54%</p> Signup and view all the answers

    What significant change did the RBI announce regarding UPI transactions?

    <p>Increasing the transaction limit to Rs 5 lakh</p> Signup and view all the answers

    Which Indian Navy ship participated in the 2024 Rim of the Pacific exercise?

    <p>INS Shivalik</p> Signup and view all the answers

    Which institution ranks 12th among the world's central banks by total assets?

    <p>Reserve Bank of India</p> Signup and view all the answers

    What was Pakistan's Arshad Nadeem's achievement at the Paris 2024 Olympics?

    <p>Breaking the Olympic record in men's javelin throw</p> Signup and view all the answers

    Which state in India became the first to implement disaster management insurance?

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

    Which company topped the Fortune's Global 500 list for 2024?

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

    What is the minimum public shareholding requirement for Indian companies by August 2026?

    <p>25%</p> Signup and view all the answers

    Who are the joint flag-bearers for India at the Paris 2024 Olympics Closing Ceremony?

    <p>PR Sreejesh and Manu Bhaker</p> Signup and view all the answers

    Which sport will make its debut at the Paris 2024 Olympic Games?

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

    What is the slogan for the Paris 2024 Olympic Games?

    <p>The Games Wide Open</p> Signup and view all the answers

    Which country won the gold medal in men's javelin at the Paris 2024 Olympics?

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

    Who was the first Indian female shooter to win a medal in the Olympics?

    <p>Manu Bhaker</p> Signup and view all the answers

    Which airport in India received net zero carbon emission status?

    <p>Indira Gandhi International Airport</p> Signup and view all the answers

    Who will be the first Indian to compete in the Olympics 100m hurdles?

    <p>Jyothi Yarraji</p> Signup and view all the answers

    Which nation has been banned from participating in the 2024 Olympic Games?

    <p>Russia and Belarus</p> Signup and view all the answers

    Study Notes

    ### Rashtriya Vigyan Puraskars

    • Govindarajan Padmanabhan is the first recipient of the Vigyan Ratna Puraskar.
    • The 23rd August (National Space Day) theme is "Touching Lives while Touching the Moon: India's Space Saga".

    ### Clean Plant Programme

    • The Clean Plant Programme (CPP) has been allocated Rs. 1,765.67 crore, focusing on the horticulture sector.

    India's First Round-the-Clock Grain ATM

    • India's first 24-hour grain ATM is located in Mancheswar, Bhubaneswar, Odisha.

    ### RBI Actions

    • The Reserve Bank of India (RBI) has increased the transaction limit for tax payments through Unified Payments Interface (UPI) from Rs. 1 lakh to Rs. 5 lakh per transaction.
    • The RBI requires lenders, including banks and NBFCs, to report credit information to Credit Information Companies (CICs) every fortnight, starting January 1st, 2025.

    ### INS Shivalik

    • INS Shivalik, the Indian Navy's multi-role stealth frigate, participated in the 2024 Rim of the Pacific (RIMPAC) exercise, the world's largest international maritime exercise.
    • RIMPAC involved 29 countries.

    ### Axiom-4 Mission

    • Group Captains Shubhanshu Shukla and Prasanth Balakrishnan Nair are India's astronauts selected for the upcoming Axiom-4 mission to the International Space Station (ISS).

    ### Paris 2024 Olympics

    • Swapnil Kusale won bronze in the men's 50m rifle 3 positions final at the Paris 2024 Olympics..
    • Aman Sehrawat, the youngest Indian medal winner at the Summer Games, won bronze in the men's freestyle 57kg event.
    • Arshad Nadeem, from Pakistan, won gold in the men's javelin throw at the Paris 2024 Olympics, setting an Olympic record with a throw of 92.9 meters.

    ### Bangladesh Politics

    • Nobel laureate Mohammad Yunus, known as "The Father of Microfinance", has been appointed head of an interim government in Bangladesh.
    • Yunus won the Nobel Peace Prize in 2006 for his work with the Grameen Bank, promoting anti-poverty campaigns.

    ### Nagaland Disaster Management

    • Nagaland has become the first state in India to implement disaster management insurance, in collaboration with SBI General Insurance.

    ### Fortune Global 500

    • Nine Indian companies are included in the Fortune 500 list for 2024.
    • US retailer Walmart remains the top company for the 11th consecutive year.

    ### Public Shareholding

    • All listed Indian companies, including public sector firms, must maintain a minimum public shareholding of 25% starting in August 2026.

    ### Bharat Aadhaar Seeding Enabler (BASE)

    • The National Payments Corporation of India (NPCI) has launched the BASE platform to facilitate Direct Benefit Transfer, allowing citizens to engage in digital transactions.

    ### Bank Locker Agreements

    • The revised bank locker agreement allows the storage of valuable items like jewelry, documents, property papers, birth or marriage certificates, insurance policies, saving bonds, and confidential materials.
    • Cash and currency are prohibited in bank lockers.
    • Banks are held liable for losses caused by their negligence, failures, or fraudulent actions by employees.
    • In such cases, the bank must compensate the customer with an amount equivalent to 100 times the annual locker rent.

    ### Pradhan Mantri JI-VAN Yojana

    • This project aims to establish commercially viable projects for 2G Ethanol production, providing income to farmers and promoting research and development in the sector.

    ### “Women and Men in India 2023” Report

    • The report estimates the sex ratio in India to improve to 952 women per 1000 men by 2036.
    • The population of India is projected to reach 152.2 crore by 2036.
    • Only 20.8% of bank deposits in India belong to women account holders.

    ### Reserve Bank of India

    • According to the Sovereign Wealth Fund Institute (SWFI), the Reserve Bank of India (RBI) ranks 12th globally among central banks by total assets, holding 70.47 lakh crore.

    ### Retail Inflation

    • Retail inflation based on the Consumer Price Index (CPI) increased by 3.54% in July, the lowest rate in 59 months.

    ### Punjab National Bank

    • Punjab National Bank launched the ANTAH DRISHTI Braille Debit Card, specifically for visually impaired customers.

    ### Paris 2024 Olympics (Details)

    • The top 5 countries in the medal count are the USA (126), China (91), Japan, Australia, and France.
    • Hockey legend PR Sreejesh and shooter Manu Bhaker were the joint flag-bearers for India at the closing ceremony.
    • The Indian men's hockey team won bronze after defeating Spain 2-1.
    • Arshad Nadeem from Pakistan won gold in the men's javelin final, with a throw of 92.97 meters (Neeraj Chopra's throw was 89.49m).
    • Manu Bhaker became the first Indian female shooter to win an Olympics medal in the 10m air pistol event, marking the first Olympic medal for India in shooting since 2012.
    • Bilquis Mir from Jammu and Kashmir served as India's first female jury member at the Summer Olympics.
    • The slogan for the Paris 2024 Olympics was "Wide Open".
    • PV Sindhu served as India's female flag-bearer in the opening ceremony.
    • Russia and Belarus were banned from participating.
    • Breakdancing debuted at the 2024 Paris Olympic Games.
    • YES Bank became the official banking partner for the Indian Olympic team.
    • The Adani Group served as the principal sponsor for Team India.
    • Italy will host the 2026 Winter Olympics.
    • Los Angeles will host the 2028 Summer Olympics.
    • Kabilan Sai Ashok became the youngest Olympic boxing referee for India.
    • Sumit Antil and Bhagyashri Jadhav were the flag-bearers for the Paris 2024 Paralympics Opening Ceremony.
    • The opening ceremony was held on the river Seine.
    • There were 32 sports events.
    • Jyothi Yarraji became the first Indian to compete in the Olympics 100m hurdle event.
    • Indira Gandhi International Airport attained net zero carbon emission status, becoming the first airport in India to achieve this under the Airport Council International’s accreditation program.

    ### World Elephant Day and International Youth Day

    • World Elephant Day was observed on August 12, 2024.
    • International Youth Day was also celebrated on August 12, 2024.

    ### Ram Narain Agarwal

    • Ram Narain Agarwal, known as the "Father of Agni Missiles," received the Padma Bhushan in 2000.

    ### Unified Pension Scheme (UPS)

    • The UPS promises government employees a lifelong monthly pension of 50% of their final salary.
    • A minimum pension of ₹10,000 per month is guaranteed for those completing at least 10 years of central government service.
    • In the event of a government employee's death, their family receives a pension equivalent to 60% of the employee's pension.
    • Employees are eligible for a payment equal to 50% of their average basic pay from the 12 months prior to retirement.
    • The scheme includes a guaranteed family pension of 60% of the pensioner's amount before their death for their spouse.
    • The scheme guarantees a minimum pension of Rs. 10,000 per month for employees with at least 10 years of central government service.
    • The scheme is contributory: Employees contribute 10% of their salary, and the government contributes 5%.
    • The UPS is designed to replace the National Pension System (NPS) and is expected to roll out in April 2025.

    ### RHUMI 1

    • It is India's first reusable hybrid rocket.
    • It was developed by Space Zone India, a Tamil Nadu-based startup, in collaboration with the Martin Group.
    • Its hybrid propulsion system combines the advantages of liquid and solid fuels.

    ### ICC Women’s T20 World Cup 2024

    • The ICC Women’s T20 World Cup 2024 was moved from Bangladesh to the United Arab Emirates.

    ### India's Permanent Representative to the United Nations

    • Parvathaneni Harish, currently India's ambassador to Germany, is India's next Permanent Representative to the United Nations.

    ### Amul Branding

    • Brand Finance ‘Food & Drink 2024’ has ranked Amul as the strongest food brand in the world for the fourth consecutive year.

    ### UPI Circle

    • UPI Circle is a delegated payment feature allowing a primary UPI user to link with trusted secondary users.
    • A primary user can delegate up to 5 secondary users.
    • The maximum monthly limit for delegation is ₹15,000, and the transaction limit for full delegation is ₹5,000.
    • There is a 24-hour cooling period with a daily transaction limit of ₹5,000 for UPI Circle.

    ### Banking Headquarters

    • UBS AG is headquartered in Switzerland.
    • Credit Suisse AG is also headquartered in Switzerland.

    ### New Banking Laws (Amendment) Bill 2024

    • The Bill proposes to increase the number of nominees allowed per bank account from one to four.
    • If funds in an account remain unpaid or unclaimed for seven years, they are transferred to the Investor Education and Protection Fund (IEPF).
    • The Bill expands the scope of funds transferred to the IEPF.

    ### Sports Development

    • South Korea will assist in setting up a sports university in Hyderabad.

    ### Ladakh Administration

    • The Ministry of Home Affairs (MHA) has announced the creation of five new districts in Ladakh: Zanskar, Drass, Sham, Nubra, and Changthang.

    ### Land Reforms

    • The Indian government has allocated Rs. 10,000 crore in financial incentives to promote land reforms in rural and urban areas during the 2024-25 fiscal year.

    ### Indian Politics

    • M. is referred to as the "titan" of Indian politics.

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    Description

    Test your knowledge on the latest happenings in India, including the Vigyan Ratna Puraskar, the Clean Plant Programme allocation, and the introduction of India's first 24-hour grain ATM. Additionally, explore the recent actions by the RBI and the participation of INS Shivalik in international exercises.

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