SSC CHSL CURRENT AFFAIRS IN ENGLISH 2024-Current Affairs - Aug

SSC CHSL CURRENT AFFAIRS IN ENGLISH 2024

Question – 1 : Which of the following banks has recently (in Aug ‘23) signed an MoU with Amul, to finance Amul’s retailers?

Answer – (A) : Punjab National Bank

Answer – (B) : YES Bank

Answer – (C) : Punjab National Bank

Answer – (D) : ICICI Bank

View Answer

Correct Answer : (C)

Explanation : Punjab National Bank (PNB) signed a Memorandum of Understanding (MoU) with Gujarat Cooperative Milk Marketing Federation Ltd (GCMMFL) also known as Amul, to finance Amul’s retailers, wholesale dealers/area milk distributors and exclusive Amul preferred outlets-milk parlours.

Question – 2 : Name the bank that has recently (in August ‘23) launched Jeevan Dhara, a unique savings bank account designed for pensioners.

Answer – (A) : Canara Bank

Answer – (B) : Union Bank of India

Answer – (C) : Bank of Baroda

Answer – (D) : Bank of India

View Answer

Correct Answer : (A)

Explanation : Canara Bank launched Canara Jeevan Dhara, a unique savings bank account designed for pensioners and those who are planning for retirement, including all the employees who retired on a voluntary basis or standard retirement procedures.

Question – 3 : In August 2023, the Reserve Bank of India (RBI) increased the upper limit for offline transactions to Rs _________ from Rs 200.

Answer – (A) : Rs 500

Answer – (B) : Rs 600

Answer – (C) : Rs 800

Answer – (D) : Rs 500

View Answer

Correct Answer : (D)

Explanation : The Reserve Bank of India (RBI) increased the upper limit for offline transactions to Rs 500 from Rs 200 w.e.f. August 24, 2023, following its announcement during the bi-monthly policy review on August 10, 2023.

Question – 4 : In July 2023, ____________ became the largest PSU-refinery (single location) in India for 2022-23.

Answer – (A) : Mangalore Refinery and Petrochemicals Limited

Answer – (B) : Oil and Natural Gas Corporation Limited

Answer – (C) : Hindustan Petroleum Limited

Answer – (D) : Indian Oil Corporation Limited

View Answer

Correct Answer : (A)

Explanation : Mangalore Refinery and Petrochemicals Limited (MRPL), a Mangaluru(Dakshina Kannada), Karnataka based Miniratna Central public sector enterprise (CPSE) has become the largest PSU-refinery (single location) in India for 2022-23. MRPL processes 10% of the total crude oil refined by PSU petroleum refineries in India.

Question – 5 : Name the fintech company that has recently (in July ‘23) collaborated with the National Payments Corporation of India (NPCI), to introduce RuPay credit card-based Unified Payments Interface (UPI) payments.

Answer – (A) : CRED

Answer – (B) : PhonePe

Answer – (C) : Razorpay

Answer – (D) : Paytm

View Answer

Correct Answer : (A)

Explanation : CRED, a Bengaluru (Karnataka) based fintech company, in collaboration with the National Payments Corporation of India (NPCI), introduced RuPay credit card-based Unified Payments Interface (UPI) payments for CRED members.Multiple payment options for UPI will be now available for the CRED members such as linking their Rupay Credit Card, Peer-to-Peer (P2P), Scan and Pay, and paying on online merchants.

Question – 6 : In which state, President of India Draupadi Murmu has recently (in August ‘23) inaugurated the ‘Unmesha’ – International Literature Festival and ‘Utkarsh’ – National Festival of Folk and Tribal Performing Arts?

Answer – (A) : Madhya Pradesh

Answer – (B) : Gujarat

Answer – (C) : Odisha

Answer – (D) : Madhya Pradesh

View Answer

Correct Answer : (D)

Explanation : On 4th August 2023, President of India Draupadi Murmu inaugurated the ‘Unmesha’ – International Literature Festival and ‘Utkarsh’ – National Festival of Folk and Tribal Performing Arts to promote inclusivity and cultural diversity at Ravindra Bhavan in Bhopal, Madhya Pradesh.

Question – 7 : As of August 2023, the United Nations Food and Agriculture Organization’s (FAO) All Rice Price Index increased by ________ in July 2023 to 129.7 points, which is a nearly 12-year high.

Answer – (A) : 2.80%

Answer – (B) : 2.50%

Answer – (C) : 2.80%

Answer – (D) : 3.20%

View Answer

Correct Answer : (C)

Explanation : The United Nations Food and Agriculture Organization’s (FAO) All Rice Price Index increased by 2.8% in July 2023 to 129.7 points as compared to 126.2 points in June 2023. This is the highest level in nearly 12 years as prices in key exporting countries raised on increased demand and India’s move to curb the rice exports.

Question – 8 : The Department for Promotion of Industry and Internal Trade (DPIIT) has recently (in August ‘23) launched One District One Product (ODOP) Wall at Sale of Articles of Rural Artisans Society (SARAS) Aajeevika store in ____________.

Answer – (A) : New Delhi, Delhi

Answer – (B) : New Delhi, Delhi

Answer – (C) : Mumbai, Maharashtra

Answer – (D) : Guwahati, Assam

View Answer

Correct Answer : (B)

Explanation : One District One Product (ODOP) program, an initiative under the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry, collaborated with Sale of Articles of Rural Artisans Society (SARAS) Aajeevika, an initiative by Deendayal Antyodaya (DAY-NRLM), Ministry of Rural Development in New Delhi, Delhi.

Question – 9 : In which state/UT India’s first Artificial Intelligence (AI) school was inaugurated in August 2023?

Answer – (A) : Kerala

Answer – (B) : Andhra Pradesh

Answer – (C) : Karnataka

Answer – (D) : Delhi

View Answer

Correct Answer : (A)

Explanation : On 22nd August 2023, Former President of India Ram Nath Kovind inaugurated India’s first Artificial Intelligence (AI) school at Santhigiri Vidyabhavan in Thiruvananthapuram, Kerala.

Question – 10 : Which Small Finance Bank (SFB) has recently (in August ‘23) became the first bank in India to offer 24X7 video banking facility for 365 days?

Answer – (A) : AU SFB

Answer – (B) : Jana SFB

Answer – (C) : Ujjivan SFB

Answer – (D) : Suryoday SFB

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Correct Answer : (A)

Explanation : On 08th August 2023, AU Small Finance Bank (AU SFB), India’s Largest Small Finance Bank, became the first bank in India to offer 24X7 for 365 days video banking facility to all the customers(including account holders under Pradhan Mantri Jan Dhan Yojana (PMJDY) ) for free of cost.

Question – 11 : Who has been recently (in August ‘23) appointed as the Managing Director (MD) & Chief Executive Officer (CEO) of SBI Life Insurance Company Limited?

Answer – (A) : Amit Jhingran

Answer – (B) : Sangramjit Sarangi

Answer – (C) : Mahesh Kumar Sharma

Answer – (D) : Abhijit Gulanikar

View Answer

Correct Answer : (A)

Explanation : The Insurance Regulatory and Development Authority of India (IRDAI) has approved the appointment of Amit Jhingran as the Managing Director (MD) & Chief Executive Officer (CEO) of SBI Life Insurance Company Limited (SBI Life).

Question – 12 : In May 2023 , a new species of ___________ named “Miniopetrus Srinii” was discovered in Kodagu district of Karnataka.

Answer – (A) : Bat

Answer – (B) : Fish

Answer – (C) : Bat

Answer – (D) : Butterfly

View Answer

Correct Answer : (C)

Explanation : Dr Bhargavi Srinivasulu, zoologist from Osmania University(OU)(Hyderabad, Telangana), along with her son, Aditya Srinivasulu, discovered a new species of bat named “Miniopetrus Srinii” or Srini’s Bent-winged Bat, from a subterranean cave(in Western Ghats) at Makuta in Kodagu district of Karnataka.

Question – 13 : Which is not a category of Non-performing assets (NPA)?

Answer – (A) : Standard Asset

Answer – (B) : Doubtful Asset

Answer – (C) : Standard Asset

Answer – (D) : Substandard Asset

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Correct Answer : (C)

Explanation : The standard asset for a bank is an asset that is not classified as an NPA.

Question – 14 : In August 2023, India handed over a cheque of Rs. ___________ to Sri Lanka for supporting the Sri Lanka Unique Digital Identity (SL-UDI) project.

Answer – (A) : 450 million

Answer – (B) : 450 million

Answer – (C) : 320 million

Answer – (D) : 210 million

View Answer

Correct Answer : (B)

Explanation : On 4th August 2023, India handed over a cheque of Rs. 450 million in advance to Sri Lanka, for supporting the Sri Lanka Unique Digital Identity (SL-UDI) project, which is expected to strengthen Sri Lanka’s digital infrastructure and promote growth across various sectors.

Question – 15 : Which company has recently (in August ‘23) bagged an order worth Rs 165 crore to supply 200 medium-altitude logistics drones, and accessories to the Indian Army?

Answer – (A) : Dhaksha Unmanned Systems Pvt. Ltd

Answer – (B) : Paras Defence and Space Technologies Ltd

Answer – (C) : Dhaksha Unmanned Systems Pvt. Ltd

Answer – (D) : Thanos Technologies Pvt. Ltd

View Answer

Correct Answer : (C)

Explanation : Chennai (Tamil Nadu) based Drone Manufacturer, Dhaksha Unmanned Systems Pvt. Ltd(DUMS), a subsidiary of Coromandel International Limited, an Agri-solutions provider, has bagged an order worth Rs 165 crore to supply 200 medium-altitude logistics drones, and accessories to the Indian Army.

Question – 16 : Name the organisation that has recently (in August ‘23) entered into a MoU with the Ministry of Development of North Eastern Region (MDoNER) to enhance and accelerate Sustainable Development Goals (SDGs) in northeastern regions of India.

Answer – (A) : United Nations Development Programme

Answer – (B) : International Labour Organization

Answer – (C) : World Bank

Answer – (D) : United Nations Development Programme

View Answer

Correct Answer : (D)

Explanation : On 22nd August 2023, the Ministry of Development of North Eastern Region (MDoNER) and the United Nations Development Programme (UNDP), the UN’s Global Development Network, entered into a MoU to enhance and accelerate Sustainable Development Goals (SDGs) in northeastern regions of India.

Question – 17 : In July 2023, the India Meteorological Department (IMD) launched the Heat Index on an experimental basis. Which colour code is used for the Experimental heat Index greater than 55 degree Celsius (C)?

Answer – (A) : Red

Answer – (B) : Red

Answer – (C) : Orange

Answer – (D) : Green

View Answer

Correct Answer : (B)

Explanation : In July 2023, the India Meteorological Department (IMD) launched the Heat Index on an experimental basis. This information was provided by the Union Minister Kiren Rijiju, Ministry of Earth Sciences (MoES) in a written reply in the Rajya Sabha.The heat index measures how hot it feels by considering both the air temperature and relative humidity. Red: – Experimental heat Index greater than 55 degree C

Question – 18 : In which city, Union Minister of Home Affairs and Cooperation Amit Shah, has recently (in August ‘23) launched a digital portal of the Central Registrar of Cooperative Societies (CRCS) office?

Answer – (A) : Pune, Maharashtra

Answer – (B) : Bengaluru, Karnataka

Answer – (C) : Ahmedabad, Gujarat

Answer – (D) : Pune, Maharashtra

View Answer

Correct Answer : (D)

Explanation : On August 6, 2023, Union Minister Amit Shah, Ministry of Home Affairs (MHA) and Ministry of Cooperation, launched a digital portal of the Central Registrar of Cooperative Societies (CRCS) office in Pune, Maharashtra. This launch is on the lines with Prime Minister(PM) Narendra Modi’s vision of “Sahkar se Samriddhi”, strengthening cooperative movement in India, deepening its reach to the grassroots and to enhance the performance, productivity and profitability of cooperative societies.

Question – 19 : Who has recently (In August ‘23) been awarded the ‘Women Icon Award’ from the House of Lords of the United Kingdom (UK) Parliament?

Answer – (A) : Myra Grover

Answer – (B) : Kriti Bharti

Answer – (C) : Medha Patkar

Answer – (D) : Myra Grover

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Correct Answer : (D)

Explanation : Myra Grover, a distinguished author and Secretary of the New Delhi Social Workers Association (NDSWA) has been awarded the Prestigious ‘Women Icon Award’, an international recognition and award from the House of Lords, the United Kingdom (UK) Parliament, for her contributions to the society in the domain of Mental Wellness.

Question – 20 : In August 2023, the Securities and Exchange Board of India (SEBI) mandated additional disclosures from Foreign Portfolio Investors (FPIs) that have concentrated holding in a single company or a group firm w.e.f. November 1, 2023. FPIs with over 50% of Indian equity Assets Under Management (AUM) in a single corporate group get ___________ days to reduce holdings, followed by further ownership disclosures.

Answer – (A) : 10

Answer – (B) : 10

Answer – (C) : 30

Answer – (D) : 20

View Answer

Correct Answer : (B)

Explanation : On August 24, 2023, the Securities and Exchange Board of India (SEBI) mandated additional disclosures from Foreign Portfolio Investors (FPIs) that have concentrated holding in a single company or a group firm w.e.f. November 1, 2023. FPIs with over 50% of Indian equity Assets Under Management (AUM) in a single corporate group get 10 days to reduce holdings, followed by further ownership disclosures.

Question – 21 : Which of the following points is ‘Incorrect’ with respect to the 3rd Bi-Monthly Monetary Policy statement for FY24 released by RBI in August 2023?

Answer – (A) : The Bank Rate is kept at 6.25%.

Answer – (B) : The Reverse Repo Rate are kept at 3.35% & the Marginal Standing Facility (MSF) Rate are kept 6.75%

Answer – (C) : The Bank Rate is kept at 6.25%.

Answer – (D) : India’s real Gross Domestic Product (GDP) growth retained at 6.5% in FY24 (2023-24).

View Answer

Correct Answer : (C)

Explanation : The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) met on August 8-10, 2023, and released the ‘Monetary Policy Statement, 2023-24 Resolution of the MPC‘ which kept India’s real Gross Domestic Product (GDP) growth retained at 6.5% in FY24 (2023-24) with FY24’s Q1 at 8%, Q2 at 6.5%, Q3 at 6%, and Q4 at 5.7%. This is attributed to the growth in rural and urban areas, a rise in investment activity, and the government’s intention to increase capital expenditure.

Question – 22 : Which planet has recently overtaken Saturn to have the most satellites?

Answer – (A) : Jupiter planet

Answer – (B) : Jupiter planet

Answer – (C) : Neptune

Answer – (D) : Uranus

View Answer

Correct Answer : (B)

Explanation : Jupiter has overtaken Saturn to become the planet with the most satellites. Recently, 12 new satellites of Jupiter, the largest planet of the Solar System, were discovered, due to which the total number of satellites of Jupiter became 92.

Question – 23 : In August 2023, the National Tiger Conservation Authority (NTCA) approved the Dholpur-Karauli Tiger Reserve of ___________ (state) as 54th Tiger Reserve of India.

Answer – (A) : Rajasthan

Answer – (B) : Karnataka

Answer – (C) : Rajasthan

Answer – (D) : Maharashtra

View Answer

Correct Answer : (C)

Explanation : National Tiger Conservation Authority (NTCA) which operates under the Ministry of Environment, Forest and Climate Change (MoEFCC) of the Government of India, has officially approved The Karauli-Sarmathura-Dholpur sanctuary in Rajasthan as Dholpur-Karauli Tiger Reserve of India under Project Tiger.

Question – 24 : Name the country that has recently (in July ‘23) signed an MoU with India for cooperation in the agriculture sector.

Answer – (A) : Moldova

Answer – (B) : Spain

Answer – (C) : Peru

Answer – (D) : Moldova

View Answer

Correct Answer : (D)

Explanation : India and eastern European country Moldova agreed to sign a memorandum of understanding (MOU) for cooperation in the agriculture sector during a meeting between Shobha Karandlaje, Minister of State (MoS) for Agriculture, and Vladimir Bolea, Deputy Prime Minister and Minister for Agriculture & Food Industries of Moldova at Krishi Bhawan, New Delhi, Delhi. During the meeting, the Ministers emphasized the potential for increasing bilateral trade in agricultural commodities and for strengthening of bilateral agricultural cooperation through the exchange of knowledge and technology.

Question – 25 : According to the Federation of Indian Chambers of Commerce and Industry (FICCI) -EY’s report ‘Road Safety in India – Navigating through nuances’ released in August 2023, the road accidents claim around __________ lives in India every year.

Answer – (A) : 1.5 million

Answer – (B) : 2.1 million

Answer – (C) : 1.2 million

Answer – (D) : 1.5 million

View Answer

Correct Answer : (D)

Explanation : According to the Federation of Indian Chambers of Commerce and Industry (FICCI) -EY a report titled ‘Road Safety in India – Navigating through nuances‘, Road accidents claim around 1.5 million lives in India every year. India accounts for 11% of all road crash deaths and tops the world in road crash deaths and injuries.

Question – 26 : Which state government has launched the Sinh Suchna Web application on the occasion of World Lion day, 10th August 2023?

Answer – (A) : Gujarat

Answer – (B) : Karnataka

Answer – (C) : Maharashtra

Answer – (D) : Gujarat

View Answer

Correct Answer : (D)

Explanation : Gujarat Chief Minister (CM) Bhupendra Patel launched the Sinh Suchna Web application on the occasion of World Lion day celebrated on 10th August 2023. The purpose of the mobile app is to help the state forest department track the movement of lions to prevent incidents of human-animal conflict.

Question – 27 : In August 2023, Supreme Court (SC) of India constituted an all-women committee led by _____________, former Chief Justice (CJ) of Jammu and Kashmir (J&K) High Court (HC) to oversee the relief rehabilitation and rebuilding measures in Manipur.

Answer – (A) : Gita Mittal

Answer – (B) : Gita Mittal

Answer – (C) : Kotiswar Singh

Answer – (D) : Vinod Chatterji Koul

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Correct Answer : (B)

Explanation : The Supreme Court of India(SC) is set to constitute an all-women committee of 3 former High Court judges led by former Chief Justice(CJ) of Jammu and Kashmir (J&K) High Court (HC) Gita Mittal to oversee the relief rehabilitation and rebuilding measures in Manipur.

Question – 28 : According to the Reserve Bank of India (RBI) data released in August 2023, Bank credit growth to Micro, Small and Medium Enterprises (MSMEs) has decelerated on a year-on-year (y-o-y) basis in the first three months (April-June) of the Q1FY24. The Credit to medium industries grew by __________ in June 2023.

Answer – (A) : 13.20%

Answer – (B) : 14.20%

Answer – (C) : 12.50%

Answer – (D) : 13.20%

View Answer

Correct Answer : (D)

Explanation : According to the Reserve Bank of India (RBI) data, Bank credit growth to Micro, Small and Medium Enterprises (MSMEs) has decelerated on a year-on-year (y-o-y) basis in the first three months (April-June) of the FY24 i.e. Q1FY24. Credit to medium industries grew by 13.2% in June 2023 (compared to 47.8% in June 2022).

Question – 29 : Name the company that has recently (in August ‘23) signed an MoU with Inland Waterways Authority of India (IWAI) to export Petroleum Cargo via National Waterways (NW)-2 (Brahmaputra) and Indo Bangladesh Protocol Route (IBPR).

Answer – (A) : Numaligarh Refinery Limited

Answer – (B) : Numaligarh Refinery Limited

Answer – (C) : Hindustan Petroleum Corporation Limited

Answer – (D) : Indian Oil Corporation Limited

View Answer

Correct Answer : (B)

Explanation : On August 25, 2023, a Memorandum of Understanding (MoU) was signed between the Inland Waterways Authority of India (IWAI) and Numaligarh Refinery Limited (NRL) in Guwahati, Assam to use National Waterways (NW)-2 (Brahmaputra) and Indo Bangladesh Protocol Route (IBPR) for export of petroleum products to Bangladesh and other southEast Asian countries.

Question – 30 : In which city, National Health Authority (NHA) has recently (in August ‘23) launched India’s first Ayushman Bharat Digital Mission (ABDM) microsite?

Answer – (A) : Aizawl, Mizoram

Answer – (B) : Aizawl, Mizoram

Answer – (C) : Ahmedabad, Gujarat

Answer – (D) : New Delhi, Delhi

View Answer

Correct Answer : (B)

Explanation : On 23rd August 2023, National Health Authority (NHA) launched India’s first Ayushman Bharat Digital Mission (ABDM) microsite in Aizawl, the capital city of Mizoram. With this, Mizoram became the 1st State in India to operationalise ABDM microsite project.

Question – 31 : As per the report of All India Tiger Estimation – 2022 titled “Status of Tigers: Co-Predators & Prey in India-2022” released by National Tiger Conservation Authority (NTCA) in July 2023, the Tiger Population in India is estimated to be ____________ with an annual growth rate of 6.1% per annum.

Answer – (A) : 3,925

Answer – (B) : 4,216

Answer – (C) : 3,925

Answer – (D) : 1,270

View Answer

Correct Answer : (C)

Explanation : Ashwini Kumar Choubey, Union Minister of State, Ministry of Environment, Forest and Climate Change (MoEF&CC), released the detailed report of All India Tiger Estimation – 2022 titled “Status of Tigers: Co-Predators & Prey in India-2022” during the event orgnised as a part of the Global Tiger Day (29th July 2023) at Corbett Tiger Reserve in Uttarakhand. Currently, more than 3/4th of the tiger population in India is concentrated within protected areas. Madhya Pradesh has the largest tiger population with 785 tigers, followed by Karnataka with 563, Uttarakhand with 560, and Maharashtra with 444.

Question – 32 : As per the data released by Controller General of Accounts(CGA) under Department of Expenditure, Ministry of Finance in July 2023, the fiscal deficit for first quarter (Q1 – April 2023 to June 2023) stood at Rs __________ , accounting for 25.3% of annual estimates for the financial year 2023-2024 (FY2024).

Answer – (A) : 4.51 trillion

Answer – (B) : 4.20 trillion

Answer – (C) : 3.21 trillion

Answer – (D) : 4.51 trillion

View Answer

Correct Answer : (D)

Explanation : Based on the data released by Controller General of Accounts(CGA) under Department of Expenditure, Ministry of Finance on 31st July 2023, the fiscal deficit for first quarter (Q1 – April 2023 to June 2023) stood at Rs 4.51 trillion(USD 54.86 billion) as against the full year estimate of Rs 17.86 trillion, accounting for 25.3% of annual estimates for the financial year 2023-2024(FY2024).

Question – 33 : Which Life Insurance company has recently (in August ‘23) launched a ‘Guarantee of Life Dreams (G.O.L.D)’ Plan to provide policyholders with a regular long-term income option?

Answer – (A) : IndiaFirst Life Insurance

Answer – (B) : SBI Life Insurance

Answer – (C) : IndiaFirst Life Insurance

Answer – (D) : HDFC Life Insurance

View Answer

Correct Answer : (C)

Explanation : On 31st July 2023, IndiaFirst Life Insurance Company Limited (IndiaFirst Life), launched a new plan “IndiaFirst Life Guarantee of Life Dreams (G.O.L.D.)” a non-linked, non-participating, individual life insurance plan is designed to provide policyholders with a regular long-term income option.

Question – 34 : In which of the following states/UT, the Postal Life Insurance (PLI) has recently (in August ‘23) introduced a pilot program for ‘Direct Incentive Disbursement’ to recognize the role of its sales force?

Answer – (A) : Both B & C

Answer – (B) : Delhi

Answer – (C) : Uttarakhand

Answer – (D) : Both B & C

View Answer

Correct Answer : (D)

Explanation : On August 7, 2023, Postal Life Insurance (PLI) introduced a pilot program for ‘Direct Incentive Disbursement’ in the Delhi and Uttarakhand Circles to recognize the role of its sales force or PLI’s agents. It was unveiled by Alok Sharma, Director General, Postal Services.

Question – 35 : Which state has recently (in August ‘23) received the support from the National Bank for Agriculture and Rural Development (NABARD) to get a Geographical Indications (GI) tag for five traditional products including Nathdwara Pichhwai Craft?

Answer – (A) : Rajasthan

Answer – (B) : Madhya Pradesh

Answer – (C) : Gujarat

Answer – (D) : Jharkhand

View Answer

Correct Answer : (A)

Explanation : The National Bank For Agriculture And Rural Development (NABARD) supported Rajasthan to get a Geographical Indications (GI) tag for five traditional products including Nathdwara Pichhwai Craft of Rajsamand, Udaipur Koftgari Metal Craft, Bikaner Kashidakari Craft, Jodhpur Bandhej Craft and Bikaner Usta Kala Craft.

Question – 36 : Chakr Innovation Pvt Ltd, Haryana- based technology start-up has recently (in Aug ‘23) secured substantial funding of Rs.18 crores from the ___________________ under its Ubharte Sitare Programme (USP)

Answer – (A) : Export-Import Bank of India

Answer – (B) : Canara Bank

Answer – (C) : Bank of India

Answer – (D) : Union Bank of India

View Answer

Correct Answer : (A)

Explanation : Chakr Innovation Pvt Ltd, a Gurugram (Haryana)- based technology start-up focused on environmental sustainability and pollution reduction solutions, secured substantial funding of Rs.18 crores from the Export-Import Bank of India (EXIM Bank) under its Ubharte Sitare Programme (USP), for developing the environmental sustainability and technology sector in India.

Question – 37 : Which organisation/Bank has recently approved a USD 40.5 million loan for an integrated project focussing on Early Childhood Development (ECD) and Maternal Mental Health in Meghalaya, India?

Answer – (A) : Asian Development Bank

Answer – (B) : Asian Development Bank

Answer – (C) : United Nations Children’s Fund

Answer – (D) : New Development Bank

View Answer

Correct Answer : (B)

Explanation : The Asian Development Bank (ADB) has approved a USD 40.5 million loan for an integrated project focussing on Early Childhood Development (ECD) and Maternal Mental Health in Meghalaya. The Government of Meghalaya is contributing USD 15.27 million to the project.

Question – 38 : Name the organisation that has recently (in August ‘23) developed an open-source software called ‘National Carbon Registry’.

Answer – (A) : United Nations Development Programme

Answer – (B) : International Fund for Agricultural Development

Answer – (C) : United Nations Environment Programme

Answer – (D) : United Nations Development Programme

View Answer

Correct Answer : (D)

Explanation : The United Nations Development Programme (UNDP) developed an open-source software called ‘National Carbon Registry’. This software enables countries to effectively manage national data and processes for trading carbon credits.

Question – 39 : In which city, the Group of Twenty (G20) Trade and Investment Minister’s Meeting (TIMM) was held in August 2023?

Answer – (A) : Jaipur, Rajasthan

Answer – (B) : Mumbai, Maharashtra

Answer – (C) : Jaipur, Rajasthan

Answer – (D) : Noida, Uttar Pradesh

View Answer

Correct Answer : (C)

Explanation : The Group of Twenty (G20) Trade and Investment Minister’s Meeting (TIMM) was held under the India’s G20 Presidency at the Pink City of India i.e. Jaipur in Rajasthan. The meeting was led by Union Minister Piyush Goyal, Ministry of Commerce and Industry (MoCI).

Question – 40 : Which state has recently (in August ‘23) received Rs 1,974.07 crore funding from the National Bank for Agriculture And Rural Development (NABARD) under the Rural Infrastructure Development Fund (RIDF) for 2023-24?

Answer – (A) : Rajasthan

Answer – (B) : Uttar Pradesh

Answer – (C) : Rajasthan

Answer – (D) : Gujarat

View Answer

Correct Answer : (C)

Explanation : National Bank for Agriculture And Rural Development (NABARD) has sanctioned Rs 1,974.07 crore to the Government of Rajasthan under the Rural Infrastructure Development Fund (RIDF) for 2023-24. A budget of Rs.930.44 crore has been sanctioned for 3 rural drinking water supply projects in the districts of Rajasthan namely Ajmer, Jalore, and Kota.

Question – 41 : Who has been recently (in August ‘23) given an additional charge as the Managing Director (MD) of National Highways and Infrastructure Development Corporation Limited (NHIDCL)?

Answer – (A) : Mahmood Ahmed

Answer – (B) : Atul Kumar

Answer – (C) : Mahmood Ahmed

Answer – (D) : Ashish Gupta

View Answer

Correct Answer : (C)

Explanation : Mahmood Ahmed, Additional Secretary, Ministry of Road Transport & Highways (MoRTH), has been given additional charge as the Managing Director (MD) of National Highways and Infrastructure Development Corporation Limited (NHIDCL) under the MoRTH.

Question – 42 : Name the bank that has recently (in August ‘23) launched its Unified Payments Interface (UPI) Interoperable Digital Rupee mobile application

Answer – (A) : Canara Bank

Answer – (B) : Canara Bank

Answer – (C) : Axis Bank

Answer – (D) : Bank of India

View Answer

Correct Answer : (B)

Explanation : Canara Bank launched its Unified Payments Interface (UPI) Interoperable Digital Rupee mobile application, called the “Canara Digital Rupee app”, as a part of the Reserve Bank of India (RBI)’s Central Bank Digital Currency (CBDC) pilot project.

Question – 43 : In August 2023, ______________ became the first private life insurance company in India to provide 24X7 inbound contact centre.

Answer – (A) : SBI Life Insurance

Answer – (B) : Max Life Insurance

Answer – (C) : HDFC Life Insurance

Answer – (D) : SBI Life Insurance

View Answer

Correct Answer : (D)

Explanation : State Bank of India (SBI) Life Insurance became the first private life insurance company in India to provide 24X7 inbound contact centre via toll-free number 18002679090 to address before and after purchase queries with the aim to offer real time solutions to queries related to policies and insurance solutions.

Question – 44 : Which of the following is NOT correct about the banking ombudsman?

Answer – (A) : It charges nominal fees for resolving complaints

Answer – (B) : RBI directly monitors the ombudsman

Answer – (C) : It was launched in 2006

Answer – (D) : It charges nominal fees for resolving complaints

View Answer

Correct Answer : (D)

Explanation : There is no fee for filing and resolving customer’s complaints with the banking ombudsman. The Banking Ombudsman Scheme was introduced under Section 35 A of the Banking Regulation Act, 1949 by RBI in 2006. A banking ombudsman is introduced for the resolution of complaints relating to certain services rendered by banks.

Question – 45 : Name the company that has recently (in August ‘23) partnered with the Protean eGov Technologies to provide credit services on the Open Network for Digital Commerce (ONDC) network for borrowers & Micro, Small & Medium Enterprises (MSMEs).

Answer – (A) : PayNearby

Answer – (B) : Paytm

Answer – (C) : PayNearby

Answer – (D) : Policybazaar

View Answer

Correct Answer : (C)

Explanation : Protean eGov Technologies(Protean) has partnered with PayNearby, a fintech platform owned by Nearby Technologies Private Limited to provide credit services on the ONDC (Open Network for Digital Commerce) network for last-mile borrowers and Micro, Small & Medium Enterprises (MSMEs).

Question – 46 : Name the company that has recently (in July ‘23) introduced two new cutting-edge payment devices, the Pocket Soundbox and Music Soundbox.

Answer – (A) : Paytm

Answer – (B) : PhonePe

Answer – (C) : Paytm

Answer – (D) : Razorpay

View Answer

Correct Answer : (C)

Explanation : On July 31, 2023, Paytm, owned by One97 Communications Ltd (OCL), introduced two new cutting-edge payment devices, the Paytm Pocket Soundbox and Paytm Music Soundbox. Both devices are equipped with 4G capabilities, providing enhanced convenience for on-the-go merchants.

Question – 47 : In August 2023, the National Health Authority (NHA) extended its Digital Health Incentives Scheme (DHIS) under the Ayushman Bharat Digital Mission (ABDM) till ____________.

Answer – (A) : 31st December 2023

Answer – (B) : 30th November 2023

Answer – (C) : 31st January 2024

Answer – (D) : 31st December 2023

View Answer

Correct Answer : (D)

Explanation : On August 5, 2023, the National Health Authority (NHA) extended its Digital Health Incentives Scheme (DHIS) under the Ayushman Bharat Digital Mission (ABDM) till the 31st of December, 2023.

Question – 48 : Which bank has recently (in August ‘23) emerged as the top performer among public sector lenders in terms of loan and deposit growth in percentage during the first Quarter (Q1) of the current financial year (FY24)?

Answer – (A) : Bank of Maharashtra

Answer – (B) : Bank of Baroda

Answer – (C) : Bank of Maharashtra

Answer – (D) : Bank of India

View Answer

Correct Answer : (C)

Explanation : Bank of Maharashtra (BoM), an Indian Public Sector Bank(PSB), has emerged as the top performer among public sector lenders in terms of loan and deposit growth in percentage during the first Quarter (Q1) of the current financial year (FY24). Its deposit and advances recorded around 25% rise, the highest by any PSB, during the April-June quarter.

Question – 49 : International Union for Conservation of Nature (IUCN) Species Survival Commission (SSC) has recently (in August ‘23) signed an MoU with the Wildlife Trust of India (WTI) to set up the first-ever regional Center for Species Survival (CSS) in India. This will be the __________ CSS in the world and the first in South Asia.

Answer – (A) : 10th

Answer – (B) : 12th

Answer – (C) : 5th

Answer – (D) : 4th

View Answer

Correct Answer : (A)

Explanation : On 2nd August 2023, a Memorandum of Understanding (MoU) was signed between International Union for Conservation of Nature (IUCN) Species Survival Commission (SSC) and the Wildlife Trust of India (WTI) to set up the first-ever regional Center for Species Survival (CSS) in India. This will be the 10th CSS in the world and the first of its kind in South Asia.

Question – 50 : Which country’s Air Force has recently (in August ‘23) received the Dornier 228 maritime surveillance aircraft from the Indian Navy?

Answer – (A) : Sri Lanka

Answer – (B) : Maldives

Answer – (C) : Sri Lanka

Answer – (D) : Indonesia

View Answer

Correct Answer : (C)

Explanation : On August 16, 2023, India presented the Indian Navy’s Dornier 228 maritime surveillance aircraft to the Sri Lanka Air Force(SALF) at the event in Katunayake SLAF Base, Colombo, SriLanka.

Question – 51 : Pradhan Mantri Jan Dhan Yojana (PMJDY), a National Mission for Financial Inclusion (FI) completed ___________ years of successful implementation on 28th August 2023.

Answer – (A) : 9

Answer – (B) : 9

Answer – (C) : 5

Answer – (D) : 6

View Answer

Correct Answer : (B)

Explanation : On 28th August 2023, Pradhan Mantri Jan Dhan Yojana (PMJDY), a National Mission for Financial Inclusion (FI) completed 9 years of successful implementation. PMJDY, the biggest financial inclusion initiative in the world, was introduced by Prime Minister (PM) Narendra Modi on 15th August 2014 (Independence Day) and was launched on 28th August 2014.

Question – 52 : In August 2023, the Union Cabinet approved Rs _________ for a last-mile broadband connectivity plan for 6.4 lakh villages across India as part of the BharatNet project.

Answer – (A) : 1.39 lakh crores

Answer – (B) : 3.20 lakh crores

Answer – (C) : 1.39 lakh crores

Answer – (D) : 2.13 lakh crores

View Answer

Correct Answer : (C)

Explanation : On 4th August 2023, the Union Cabinet approved Rs 1.39 lakh crores for a last-mile broadband connectivity plan for 6.4 lakh villages across India as part of the BharatNet project. It will involve a change in execution strategy, with a focus on providing optical fiber-based connections to the last mile through village-level entrepreneurs.

Question – 53 : In August 2023, the Central Bureau of Investigation (CBI) Academy joined as the ______________ member of the International Criminal Police Organization (INTERPOL) Global Academy Network.

Answer – (A) : 10th

Answer – (B) : 8th

Answer – (C) : 12th

Answer – (D) : 10th

View Answer

Correct Answer : (D)

Explanation : On 8th August 2023, the Central Bureau of Investigation (CBI) Academy, based in Ghaziabad, Uttar Pradesh joined the International Criminal Police Organization (INTERPOL) Global Academy Network as its 10th member through a virtual signing ceremony organized between CBI and Interpol at Global Complex for Innovation, Singapore for development and delivery of joint training program and research projects.

Question – 54 : In August 2023, the Central Board for Direct Tax (CBDT) notified the Income Tax Amendment (Sixteenth Amendment), Rules, 2023, prescribing the 11UACA rule for calculating income from maturity of life insurance policies issued after April 1, 2023, with the amount of premiums exceeding Rs ____________ .

Answer – (A) : 5 lakh

Answer – (B) : 6 lakh

Answer – (C) : 5 lakh

Answer – (D) : 2 lakh

View Answer

Correct Answer : (C)

Explanation : The Central Board for Direct Tax (CBDT) under Department Of Revenue in Ministry of Finance has notified the Income Tax Amendment (Sixteenth Amendment), Rules, 2023, prescribing rule 11UACA for calculating income with respect to sum received upon maturity of life insurance policies wherein the amount of premiums exceed Rs 5 lakh and such policy/policies are issued on or after April 1, 2023.

Question – 55 : Name the bank that has recently (in August ‘23) signed an MoU with the IIITD Innovation and Incubation Centre (IIITD-IC) to support and scale up the growth of the startup ecosystem in India.

Answer – (A) : YES Bank

Answer – (B) : YES Bank

Answer – (C) : ICICI Bank

Answer – (D) : HDFC Bank

View Answer

Correct Answer : (B)

Explanation : IIITD Innovation and Incubation Centre (IIITD-IC), a section 8 company promoted by the Indraprastha Institute of Information Technology-Delhi (IIITD), has signed a Memorandum of Understanding (MoU) with YES Bank Limited (YES Bank) to support and scale up the growth of startup ecosystem in India.

Question – 56 : Which company has recently (in August ‘23) has signed a contract with the Ministry of Defence to acquire five indigenously built Fleet Support Ships (FSS) for the Indian Navy worth Rs.19,000 crore?

Answer – (A) : Hindustan Shipyard Limited

Answer – (B) : Mazagon Dock Shipbuilders Limited

Answer – (C) : Hindustan Shipyard Limited

Answer – (D) : Goa Shipyard Limited

View Answer

Correct Answer : (C)

Explanation : Approved by the Cabinet Committee on Security, The Ministry of Defence has signed a contract with Hindustan Shipyard Limited (HSL), Visakhapatnam (Andhra Pradesh) for the acquisition of five indigenously built Fleet Support Ships (FSS) for the Indian Navy worth 19,000 crore (approximately).

Question – 57 : Which state government has recently (in August ‘23) released Mayem Biodiversity Atlas – India’s 1st Village Atlas?

Answer – (A) : Goa

Answer – (B) : Goa

Answer – (C) : Kerala

Answer – (D) : Andhra Pradesh

View Answer

Correct Answer : (B)

Explanation : Pramod Sawant, Chief Minister (CM) of Goa, released the “Mayem Biodiversity Atlas”, India’s 1st Village Atlas during an event held at Mahamaya Devalaya Mandap Mayem Mayem village (Bicholim Town) in North Goa district, Goa.

Question – 58 : Which state government has recently (in August ‘23) announced a plan to establish India’s first Common Testing Centre for Unmanned Aerial Systems (UAS) (drones) under the Defence Testing Infrastructure Scheme (DTIS)?

Answer – (A) : Tamil Nadu

Answer – (B) : Maharashtra

Answer – (C) : Odisha

Answer – (D) : Andhra Pradesh

View Answer

Correct Answer : (A)

Explanation : Tamil Nadu (TN) is set to establish India’s first Common Testing Centre for Unmanned Aerial Systems (UAS) (drones) under the Defence Testing Infrastructure Scheme (DTIS). The centre will be established at a cost of Rs 45 crore over an area of 2.3 acres at the State Industries Promotion Corporation of Tamil Nadu Limited (SIPCOT) Industrial Park, Vallam Vadagal near Sriperumbudur in Kanchipuram district, TN.

Question – 59 : Name the personality who has recently (in August ‘23) given an additional charge as the Chief Executive Officer (CEO) of the National Rainfed Area Authority (NRAA).

Answer – (A) : Faiz Ahmed Kidwai

Answer – (B) : Faiz Ahmed Kidwai

Answer – (C) : Ashok Dalwai

Answer – (D) : Chanchal Kumar

View Answer

Correct Answer : (B)

Explanation : The Department of Personnel and Training (DoPT), Ministry of Personnel, Public Grievances and Pensions has issued an order appointing Faiz Ahmed Kidwai as the Chief Executive Officer (CEO) of the National Rainfed Area Authority (NRAA) on an additional charge basis.

Question – 60 : In which city, Union Minister for Railways, Communications, Electronics & Information Technology, Ashwini Vaishnaw has recently (in August ‘23) inaugurated India’s first three-dimensional (3D) Printed Post Office?

Answer – (A) : Bengaluru, Karnataka

Answer – (B) : Mumbai, Maharashtra

Answer – (C) : Chennai, Tamil Nadu

Answer – (D) : New Delhi, Delhi

View Answer

Correct Answer : (A)

Explanation : Mr. Ashwini Vaishnaw, the Union Minister for Railways, Communications, Electronics & Information Technology, inaugurated India’s first three-dimensional (3D) Printed Post Office located in Bengaluru’s Cambridge Layout, Karnataka.

SSC CHSL CURRENT AFFAIRS IN ENGLISH 2024

SSC CHSL CURRENT AFFAIRS IN ENGLISH 2024-Current Affairs – Aug