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August 29, 2023 Current Affairs

1.Which of the following banks has entered into a partnership to sell LIC's insurance products?

A.   Cosmos Bank

B.   NKGSB CO-OP BANK

C.   ICICI Bank

D.   Saraswat Cooperative Bank

Answer: Option D

Explanation:

The collaboration between Saraswat Cooperative Bank and LIC signifies a powerful synergy between two esteemed institutions. Through this partnership, customers gain a multitude of benefits, including improved accessibility to LIC's insurance products and personalized financial planning services. As the partnership takes shape, it is poised to strengthen the financial landscape and contribute to the overall well-being of customers. The future looks promising as Saraswat Cooperative Bank and LIC continue to work together, offering innovative solutions that empower individuals to secure their financial future.


 


2.What is the total FDI inflow into India during the first quarter of the fiscal year 2023-24?

A.   $34.94 billion

B.   $10.94 billion

C.   $16.58 billion

D.   $25.50 billion

Answer: Option B

Explanation:

The first quarter of the fiscal year 2023-24 witnessed a substantial decline in FDI inflows into India, with the total amounting to $10.94 billion. This decline, amounting to 34%, is a cause for concern and warrants a closer analysis of various factors. Changes in government policies, global economic conditions, and the impact of the COVID-19 pandemic are potential contributors to this decline. It is crucial for policymakers and stakeholders to address these factors and work towards creating a favorable environment for foreign investments in India.


 


3.Which of the following banks has grabbed the title rights for the home international series of the Board of Control for Cricket in India for three years?

A.   IDFC First Bank

B.   Punjab National Bank

C.   Bank of Maharashtra

D.   Kotak Mahindra Bank

Answer: Option A

Explanation:

The collaboration between IDFC First Bank and the BCCI for the title rights of the home international series is a significant development in the world of cricket and sponsorship. This partnership not only showcases the growing interest of banks in sports sponsorships but also highlights the vital role that title sponsorships play in the promotion and growth of cricket. As cricket enthusiasts, we eagerly look forward to witnessing the exciting matches and the impact that this partnership will have on the future of cricket in India.


 


4.Who has been signed as the face of Dabur India Limited's newly launched gel toothpaste, Dabur Red Bae Fresh Gel?

A.   Amitabh Bachchan

B.   Priyanka Chopra

C.   Kartik Aaryan

D.   Shah Rukh Khan

Answer: Option C

Explanation:

The partnership between Kartik Aaryan and Dabur India Limited for the promotion of Dabur Red Bae Fresh Gel marks an exciting chapter in the world of oral care. With its invigorating freshness and Kartik's youthful charm, this collaboration is set to capture the attention of oral care enthusiasts across the nation. As we embark on a journey towards healthier smiles, Dabur Red Bae Fresh Gel, accompanied by Kartik Aaryan's magnetic appeal, promises to redefine the way we experience oral hygiene.


 


5.Which bank introduced an innovative Customer Service Points (CSP) functionality that allows customers to seamlessly enrol in essential social security schemes using just their Aadhaar cards?

A.   State Bank of India (SBI)

B.   Bank of Baroda (BoB)

C.   Punjab National Bank (PNB)

D.   ICICI Bank

Answer: Option A

Explanation:

The State Bank of India (SBI) has taken a significant leap forward with the introduction of Customer Service Points (CSP), a revolutionary functionality that allows customers to effortlessly enrol in essential social security schemes using their Aadhaar cards. This innovative approach showcases SBI's commitment to leveraging technology for the benefit of its customers. By simplifying the enrolment process and reducing paperwork, SBI is empowering individuals to secure their financial future with ease.


 


6.Who is the brand ambassador for Indian Oil Corporation Ltd.'s Indane XTRATEJ LPG brand?

A.   Amitabh Bachchan

B.   Saif Ali Khan

C.   Sanjeev Kapoor

D.   Akshay Kumar

Answer: Option C

Explanation:

Celebrity Chef Sanjeev Kapoor serves as the esteemed brand ambassador for the Indane XTRATEJ LPG brand. His expertise, credibility, and passion for healthy cooking make him the perfect fit for this innovative product. Kapoor's association with Indane XTRATEJ LPG has not only elevated the brand's market presence but has also resonated with consumers who seek efficient and reliable cooking solutions. With Kapoor's support, Indane XTRATEJ LPG continues to inspire and empower households across the nation.


 


7.For elevating the status of football in Maharashtra, the state government has entered into a MoU with which of the following football leagues?

A.   French Ligue

B.   Spanish La Liga

C.   Bundesliga

D.   Copa Colombia

Answer: Option C

Explanation:

The MoU between the Maharashtra government and Bundesliga marks a groundbreaking chapter in the journey of elevating football in the state. With a focus on infrastructure development, grassroots programs, knowledge exchange, and the promotion of women's football, this collaboration holds immense promise. It is a bold step towards transforming Maharashtra into a hub of football excellence and creating a bright future for aspiring footballers in the state.


 


8.When is the International Day of the Victims of Enforced Disappearances observed?

A.   August 29

B.   August 30

C.   August 28

D.   August 23

Answer: Option B

Explanation:

On August 30th, we stand in solidarity with the victims of enforced disappearances and their families, honoring their resilience and demanding justice. The International Day of the Victims of Enforced Disappearances serves as a crucial reminder that we must continue to strive for a world where no one is subjected to this horrific practice. By raising awareness and supporting initiatives aimed at prevention, investigation, and redress, we can contribute to a future where enforced disappearances are eradicated, and human rights are upheld.


 


9.What is the name of the app launched by Axis Bank to enhance the use of Digital Rupee among its customers?

A.   Axis Mobile Rupiya App

B.   Axis Mobile Dhanlaxmi App

C.   Axis Mobile Digital Rupee App

D.   Axis Mobile Paisa App

Answer: Option C

Explanation:

The launch of the Axis Mobile Digital Rupee App marks a significant milestone in the digital banking landscape. With its UPI interoperability, enhanced security measures, and seamless integration with the digital ecosystem, this app empowers Axis Bank customers to embrace the convenience and efficiency of digital transactions. As the world moves towards a cashless society, Axis Bank's commitment to offering innovative solutions paves the way for a brighter and more connected future.


 


10.To celebrate the 8th foundation day, Bandhan Bank opened its branch in which of the following districts?

A.   Pulwama

B.   Anantnag

C.   Doda

D.   Leh

Answer: Option D

Explanation:

Bandhan Bank's decision to open a branch in Leh district as part of its 8th foundation day celebrations demonstrates their dedication to growth and customer-centric approach. This milestone not only strengthens the bank's presence in Ladakh but also signifies their expanding footprints nationwide. As Bandhan Bank continues to evolve and innovate, it will undoubtedly play a vital role in shaping the financial landscape of India.


 


11.When is International Whale Shark Day celebrated?

A.   August 28

B.   August 29

C.   August 30

D.   August 16

Answer: Option C

Explanation:

International Whale Shark Day on August 30th provides us with a moment to reflect on the awe-inspiring beauty and vulnerability of whale sharks. By raising awareness, supporting conservation efforts, and making responsible choices, we can all play a part in safeguarding these gentle giants for generations to come. Let us celebrate International Whale Shark Day with a renewed commitment to protect and preserve these magnificent creatures.


 


12.Who unveiled a commemorative coin in honour of N T Rama Rao recently?

A.   President Droupadi Murmu

B.   Prime Minister of India

C.   Andhra Pradesh Chief Minister

D.   Governor of Andhra Pradesh

Answer: Option A

Explanation:

The unveiling of the commemorative coin in honor of N T Rama Rao by President Droupadi Murmu is a significant event that pays homage to a multifaceted personality. NTR's legacy as an iconic actor and exceptional chief minister continues to inspire and guide us. This commemorative coin serves as a constant reminder of his remarkable journey and the invaluable contributions he made to society. May his legacy endure and inspire future generations to strive for greatness.


 


13.What are the non-callable term deposits for deposits above Rs 15 lakh recently launched by the State Bank of India called?

A.   SBI 'Sarvottam'

B.   SBI 'Secure Saver'

C.   SBI 'Instant Access'

D.   SBI 'Flexi-Deposit'

Answer: Option A

Explanation:

 SBI 'Sarvottam' is a commendable addition to State Bank of India's array of financial products. By offering non-callable term deposits for amounts above Rs 15 lakh, SBI has provided a secure and lucrative investment avenue for customers. The attractive features, competitive interest rates, and flexibility make SBI 'Sarvottam' a compelling choice for those seeking to make the most of their substantial deposits.


 


14.What was Jayanta Mahapatra known for who died recently at the age of 95?

A.   Teaching

B.   English poetry

C.   Acting

D.   Singing

Answer: Option B

Explanation:

In the realm of Indian English poetry, Jayanta Mahapatra's name shines brightly as a beacon of artistic excellence. His profound words and poignant imagery have left an indelible mark on the literary landscape of our nation. As we bid farewell to this literary giant, let us remember and celebrate the invaluable contributions he made to the world of poetry.


 


15.In which of the following cities did the second G20-Chief Scientific Advisers’ Roundtable meeting take place?

A.   Gandhinagar

B.   New Delhi

C.   Mumbai

D.   Chennai

Answer: Option A

Explanation:

The second G20-Chief Scientific Advisers’ Roundtable meeting held in Gandhinagar served as a pivotal platform for global scientific collaboration and knowledge sharing. Through fruitful discussions and interactive sessions, scientists and advisors from G20 nations and invited countries explored innovative solutions and strategies to address pressing global challenges. This significant event not only fostered international cooperation but also highlighted the importance of evidence-based policies, scientific research, and sustainable development for a better future.


 


16.When is National Small Industry Day observed in India?

A.   August 29

B.   August 30

C.   August 28

D.   August 23

Answer: Option B

Explanation:

National Small Industry Day is a momentous occasion that reminds us of the pivotal role played by small industries in India's economic development. It is a day to celebrate their contributions, recognize their challenges, and appreciate the government's support. As we observe this day, let us renew our commitment to fostering a conducive environment for small industries to thrive, ensuring a prosperous future for our nation.


 


17.World governing body FIFA has lifted the ban on which of the following Football Federations recently?

A.   Malaysia

B.   Japan

C.   India

D.   Sri Lanka

Answer: Option D

Explanation:

The lifting of the ban on the Sri Lanka Football Federation by FIFA marks a turning point for football in the country. It serves as a reminder of the importance of autonomy and independence for national football federations. The resolution of the issue demonstrates the power of collaboration and dialogue between governing bodies and authorities. As Sri Lanka embraces this new era, football fans eagerly await the resurgence of their national team and the growth of the sport in the nation.


 


18.Which of the following banks has introduced a Fastag-based parking payment solution at Jayprakash Narayan International Airport in Patna?

A.   NSDL Payment Bank

B.   Paytm Payment Bank

C.   Jio Payment Bank

D.   Airtel Payments Bank

Answer: Option D

Explanation:

 Airtel Payments Bank's introduction of Fastag-based parking payments at Jayprakash Narayan International Airport in Patna is a significant step towards enhancing the overall travel experience. By streamlining the parking payment process, this innovative solution saves time, increases convenience, and promotes safety. As digital banking continues to transform various aspects of our lives, this development serves as a testament to the power of technology in simplifying everyday transactions.


 


19.Who has taken over the B20 presidency from India?

A.   Brazil

B.   China

C.   Germany

D.   Russia

Answer: Option A

Explanation:

The handover of the B20 presidency from India to Brazil signifies a smooth transition towards the G20 summit in 2024. India's stewardship has set a high standard, and now it is Brazil's opportunity to shape the global business agenda. As the world looks to rebuild and recover from the challenges of the past year, the B20 under Brazil's leadership holds immense potential to drive inclusive and sustainable growth for the benefit of all. We eagerly await the initiatives and dialogues that will shape the future of global business collaboration under Brazil's presidency.


 


20.Who unveiled a postage stamp in memory of Dadi Prakashmani on the 16th death anniversary of Dadi Prakashmani?

A.   Prime Minister Narendra Modi

B.   President Draupadi Murmu

C.   Shri Rajnath Singh

D.   Shri Mohan Bhagwat

Answer: Option B

Explanation:

The unveiling of the postage stamp in memory of Dadi Prakashmani by President Draupadi Murmu marks a significant moment in honoring the legacy of a remarkable spiritual leader. It serves as a reminder of her profound impact on spirituality and her relentless efforts in spreading love and peace. As we celebrate her life and teachings, let us strive to embody the values she cherished, fostering a world filled with compassion, harmony, and spiritual enlightenment.


 


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