August 24, 2023 Current Affairs

1. What is the name of the irregular galaxy captured by the Hubble Space Telescope recently?

A.   ESO 300-16

B.   Donatiello II

C.   JO175

D.   AM 1214-255

Answer: Option A

Explanation:

ESO 300-16, the irregular galaxy captured by the Hubble Space Telescope, has mesmerized astronomers with its chaotic appearance and abundance of star clusters. Its defiance of conventional categories challenges our understanding of galaxy formation and evolution. As scientists delve deeper into its secrets, we anticipate that ESO 300-16 will continue to provide invaluable insights into the vast cosmic tapestry that surrounds us.

2. Which Indian state became the first to operationalize an Ayushman Bharat Digital Mission Microsite in its capital city?

A.   Maharashtra

B.   Tamil Nadu

C.   Mizoram

D.   Kerala

Answer: Option C

Explanation:

Mizoram's pioneering step in operationalizing an Ayushman Bharat Digital Mission Microsite in Aizawl shines a light on the immense potential of digital solutions in healthcare. This remarkable achievement sets the stage for a nationwide transformation, where technology and innovation merge to enhance accessibility, efficiency, and transparency in healthcare services. As other states embark on their own ABDM journeys, Mizoram stands as a beacon of inspiration, showcasing the power of digitalization to revolutionize healthcare delivery in India.

3. What was the profession of C Radhakrishna Rao, who passed away at the age of 103?

A.   Singer

B.   Politician

C.   Author

D.   Mathematician

Answer: Option D

Explanation:

In the passing of C. Radhakrishna Rao, the world has lost a true luminary. His remarkable contributions to mathematics and statistics will continue to inspire generations of scholars and shape the future of scientific inquiry. We are indebted to his genius and the legacy he leaves behind. As we reflect on his life and work, let us remember C. Radhakrishna Rao as a visionary mathematician and statistician who transformed our understanding of the world through his unwavering pursuit of knowledge. May his legacy endure and inspire future generations to embark on their own intellectual journeys.

4. When is the Global Investors Summit, 2023, scheduled to be held in Uttarakhand?

A.   December 2023

B.   November 2023

C.   October 2023

D.   September 2023

Answer: Option B

Explanation:

The Global Investors Summit 2023 in Uttarakhand is poised to be a game-changer, offering a gateway to endless opportunities. This platform not only showcases the state's potential but also provides a space for investors to connect, collaborate, and explore avenues for growth. As November 2023 approaches, anticipation builds, and stakeholders eagerly await the summit's commencement, ready to embark on a journey of economic advancement.

5. In which of the following cities did the 15th BRICS Summit take place?

A.   Moscow

B.   New York

C.   Mumbai

D.   Johannesburg

Answer: Option D

Explanation:

The 15th BRICS Summit in Johannesburg served as a platform for leaders from Brazil, Russia, India, China, and South Africa to come together, engage in fruitful discussions, and forge partnerships for a better future. From economic cooperation to cultural diplomacy, the summit showcased the commitment of these nations to collaboration, progress, and the pursuit of shared goals. As the summit concluded, the leaders departed with renewed energy and determination to work together, ensuring that the BRICS nations continue to play a vital role in shaping the global landscape.

6. Raju Punjabi, who died recently, was related to which profession?

A.   Sportsperson

B.   Politician

C.   Haryanvi singer

D.   Businessman

Answer: Option C

Explanation:

The untimely demise of Raju Punjabi has left a deep void in the music industry. Through his talent and passion, he not only revolutionized Haryanvi music but also left an indelible mark in the hearts of his fans. Raju Punjabi's legacy will continue to inspire aspiring musicians and his music will forever be cherished by millions.

7. Which of the following films has received the Best Feature Film Award at the 69th National Film Awards?

A.   Pushpa

B.   RRR

C.   The Nambi Effect

D.   Gangubai Kathiawadia

Answer: Option C

Explanation:

The 69th National Film Awards served as a platform to honor exceptional talent and remarkable storytelling in Indian cinema. "The Nambi Effect" rightfully claimed the Best Feature Film Award, captivating audiences with its engrossing narrative and stellar performances. This celebration of excellence highlights the significant contributions of filmmakers, actors, and production teams, showcasing the immense potential of Indian cinema to create impactful and unforgettable experiences.

8. In which of the following cities is the 4th G20 Culture Working Group Meeting taking place?

A.   New Delhi

B.   Chennai

C.   Mumbai

D.   Varanasi

Answer: Option D

Explanation:

The 4th G20 Culture Working Group Meeting in Varanasi holds immense promise in fostering intercultural understanding, collaboration, and the preservation of our diverse cultural heritage. Through meaningful dialogue, exchange of ideas, and collaborative initiatives, this gathering has the potential to shape cultural policies, promote cultural diplomacy, and create a more inclusive and harmonious global society. As the delegates convene in Varanasi, the world watches with anticipation, knowing that the outcomes of this meeting can have a lasting impact on our shared cultural future.

9. When is the Aditya-L1 mission likely to be launched by Indian Space Research Organisation’s?

A.   By the end of next year

B.   By the first week of September

C.   In the next decade

D.   By the first week of December

Answer: Option B

Explanation:

 The Aditya-L1 mission by the Indian Space Research Organisation is an ambitious endeavor to explore the Sun and its impact on space weather. With an expected launch date in the first week of September, the mission holds great promise for advancing our understanding of the Sun's dynamics. As we eagerly await its launch, we can anticipate remarkable discoveries and insights that will contribute to the broader field of solar science.

10. The House of Abhinandan Lodha has formed an alliance with which organisation for a joint venture platform for land projects?

A.   Citigroup

B.   India Bulls

C.   HDFC Capital Advisors

D.   ICICI Bank

Answer: Option C

Explanation:

The alliance between the House of Abhinandan Lodha and HDFC Capital Advisors marks a significant milestone in the real estate sector. With a shared commitment to excellence, this joint venture platform promises to deliver exceptional plotted developments that embody innovation, sustainability, and thoughtful design. As the partnership takes shape and projects come to fruition, the industry eagerly awaits the transformative impact that HoABL and HDFC Capital Advisors will bring to the landscape of land projects.

11. What is the total banking transaction value at GIFT International Financial Services Centre (IFSC) until July 2023?

A.   USD 508 billion

B.   USD 412 billion

C.   USD 632 billion

D.   USD 1 trillion

Answer: Option A

Explanation:

The total banking transaction value at GIFT International Financial Services Centre (IFSC) until July 2023 stands impressively at USD 508 billion. This accomplishment highlights the thriving financial environment and the immense potential that GIFT IFSC holds. As it continues to expand its footprint on the global financial map, GIFT IFSC is set to shape the future of banking transactions and drive economic growth.

12. RBI has granted its approval for the voluntary amalgamation of Twin Cities Co-operative Urban Bank Ltd with which of the following Bank?

A.   The Panipat Urban Cooperative Bank Ltd (PUCB)

B.   Kranti Co-operative Urban Bank Ltd

C.   Apna Sahakari bank Ltd.

D.   Abhyudaya Cooperative Bank Ltd.

Answer: Option B

Explanation:

The voluntary amalgamation of Twin Cities Co-operative Urban Bank Ltd with Kranti Co-operative Urban Bank Ltd marks a significant milestone in the cooperative banking landscape. This strategic merger not only strengthens the financial institutions involved but also benefits customers and stakeholders by offering enhanced banking solutions and a wider range of services. As the cooperative banking sector continues to evolve, such synergistic collaborations pave the way for a more robust and customer-centric banking ecosystem.

13. What is the maximum amount of funds that Union Bank plans to raise through the QIP?

A.   Rs 500 crores

B.   Rs 5,000 crores

C.   Rs 50,000 crores

D.   Rs 5 lakhs crores

Answer: Option B

Explanation:

Union Bank's decision to raise funds through the QIP route demonstrates its proactive approach towards strengthening its financial position and capital base. This strategic move not only enables the bank to meet regulatory requirements but also empowers it to explore growth opportunities and enhance shareholder value. As the fundraising initiative unfolds, all eyes will be on Union Bank's ability to attract institutional investors and successfully raise the targeted amount. The outcome of this endeavor will undoubtedly shape the bank's future trajectory in the Indian banking sector.

14. What was the profession of Terry Funk, who passed away at the age of 79 recently?

A.   A pioneer of the WWE

B.   A famous Hollywood actor

C.   A renowned chef

D.   A NASA astronaut

Answer: Option A

Explanation:

The passing of Terry Funk marks the end of an era in professional wrestling. His contributions to the WWE and the wrestling industry as a whole will be remembered and celebrated for years to come. From his early life rooted in wrestling to his rise to prominence and beyond, Funk's impact on the sport is immeasurable. As fans mourn the loss of a legend, we can take solace in the fact that Terry Funk's legacy will continue to inspire and entertain wrestling enthusiasts around the world.

15. What is the amount of approved budget for the North East Special Infrastructure Development Scheme for the period 2022-2023 to 2025-2026?

A.   Rs. 8139.50 crore

B.   Rs. 18139.50 crore

C.   Rs. 13,000 crore

D.   Rs. 2300 crore

Answer: Option A

Explanation:

The North East Special Infrastructure Development Scheme (NESIDS) with its approved budget of Rs. 8139.50 crore for the period 2022-2023 to 2025-2026 marks a significant milestone in the development journey of the North Eastern Region. This comprehensive scheme holds the promise of transforming the region by addressing critical infrastructure gaps and unlocking its immense potential. NESIDS is a testament to the government's commitment to fostering growth, connectivity, and prosperity in the North East.

16. What is the name of the Indian government's invoice incentive scheme for enhancing transparency in financial transactions?

A.   Swachh Bill Abhiyan

B.   Bill in India Scheme

C.   Mera Bill Mera Adhikar

D.   Sabka Saath Sabka Bill

Answer: Option C

Explanation:

The 'Mera Bill Mera Adhikar' scheme stands as a testament to the Indian government's commitment to transparency and consumer empowerment. By incentivizing businesses to issue invoices and embracing digital transformation, this initiative is poised to redefine financial transactions in India. As we look towards the future, it is evident that this scheme will play a pivotal role in fostering trust, strengthening the economy, and ensuring a more transparent and accountable business environment.

17. Who is retiring as head of banking, capital markets and advisory (BCMA) for South Asia and India after 18 years with Citigroup?

A.   Ravi Kapoor

B.   Rahul Sharma

C.   Amit Patel

D.   Deepa Gupta

Answer: Option A

Explanation:

The retirement of Ravi Kapoor as the head of BCMA for South Asia and India marks the end of an era characterized by exceptional leadership and groundbreaking achievements. As K Balasubramanian assumes this crucial role, the future of BCMA in the region appears promising. With a strong foundation laid by Kapoor and the strategic vision of Balasubramanian, Citigroup is well-equipped to continue its growth and make a lasting impact on the banking, capital markets, and advisory landscape in South Asia and India.

18. What is the name of the platform launched by Cashfree Payments and API banking solutions introduced to help businesses optimize?

A.   Customer Payments

B.   Vendor Payments

C.   Supplier Payments

D.   Payment Efficiency

Answer: Option B

Explanation:

Cashfree's Vendor Payments platform is a game-changer for businesses looking to optimize their purchase-to-pay cycle. By automating invoice processing, streamlining approval workflows, and facilitating payment reconciliation, Vendor Payments enables businesses to enhance efficiency, reduce processing time, and improve overall financial management. With its seamless integration capabilities and commitment to data security, Cashfree has created a comprehensive solution that empowers businesses to take control of their vendor payments and drive success in today's competitive market.

19. Which Indian javelin thrower managed to breach the Paris 2024 Olympic entry with his 88.77m throw in the World Athletics Championships 2023?

A.   Shivpal Singh

B.   Annu Rani

C.   DP Manu

D.   Neeraj Chopra

Answer: Option D

Explanation:

Neeraj Chopra's achievement of breaching the Paris 2024 Olympic entry standard with his 88.77m throw in the World Athletics Championships 2023 is a testament to his talent, hard work, and determination. His success not only solidifies his own chances for the upcoming Olympics but also serves as an inspiration for athletes across the nation. Neeraj Chopra has truly made his mark in the world of javelin throw, and we eagerly await his future endeavors on the road to Paris 2024.

20. Which international organization has suspended the Wrestling Federation of India (WFI)?

A.   International Wrestling Organisation

B.   Global Wrestling Federation

C.   United World Wrestling

D.   World Wrestling Federation

Answer: Option C

Explanation:

The suspension of the Wrestling Federation of India (WFI) by the United World Wrestling (UWW) has significant ramifications for Indian wrestling. It emphasizes the importance of good governance, transparency, and integrity in sports organizations. The WFI now has a crucial opportunity to learn from this setback and work towards building a stronger and more accountable wrestling federation. Only through these efforts can Indian wrestling regain its standing in the international arena and provide a promising future for its talented athletes.