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August 4, 2023 Current Affairs

1. Who has recently become India's top-ranked chess player, surpassing Viswanathan Anand in the live world rankings?

A.    Praggnanandhaa R

B.    D. Gukesh

C.   Aryan Chopra

D.   S. L. Narayanan

Answer: Option (B)


D. Gukesh's ascension to the top of the live world rankings is a remarkable achievement for the young chess prodigy. His dedication, talent, and relentless pursuit of excellence have propelled him to surpass a legend like Viswanathan Anand. As Gukesh continues to make strides in the chess world, we eagerly anticipate witnessing his future successes and contributions to the rich legacy of Indian chess.


2. Who is currently the richest man in India as of August 2023?

A.    Gautam Adani

B.    Cyrus Poonawalla

C.   Shiv Nadar

D.   Mukesh Ambani

Answer: Option (D)


Mukesh Ambani is undeniably the richest man in India as of August 2023, with a net worth of $90.8 billion. His entrepreneurial acumen and relentless pursuit of excellence have propelled him to the top of the wealth pyramid. As Ambani continues to make strides in various sectors, his influence and impact on India's economy and society remain unparalleled.


3. According to S&P Global's report, what is the projected average GDP growth rate for India from FY24 to FY31?

A.    5.2%

B.    6.7%

C.   7.5%

D.   8.9%

Answer: Option (B)


S&P Global's report forecasts an average GDP growth rate of 6.7% per year for India from FY24 to FY31. This projection positions India as a frontrunner among the world's largest economies. With a focus on manufacturing and various drivers of growth, India is poised to achieve significant economic expansion in the coming years.


4. What significant achievement has recently been recorded at the Assam State Zoo?

A.    Breeding of snow leopards

B.    Successful rehabilitation of injured tigers

C.   Breeding of Himalayan Vulture in captivity

D.   Establishment of a new panda exhibit

Answer: Option (C)


The Assam State Zoo's successful breeding of a Himalayan Vulture in captivity is a testament to the dedication and expertise of its staff. This achievement not only adds to the zoo's list of accomplishments but also contributes significantly to global wildlife conservation efforts. By shedding light on the importance of captive breeding programs and their impact on endangered species, the Assam State Zoo has set a remarkable example for other institutions to follow. It is through such endeavors that we can strive to protect and preserve the rich biodiversity that our planet harbors.


5. What is the purpose of the 'Rajmargyatra' mobile app introduced by NHAI?

A.    To provide entertainment content for highway users

B.    To offer a seamless travel experience on Indian National Highways

C.   To facilitate online shopping for highway travellers

D.   To offer language translation services for highway users

Answer: Option (B)


The 'Rajmargyatra' mobile app introduced by NHAI is a game-changer for highway users in India. With its seamless travel experience, comprehensive information services, efficient complaint redressal system, and emphasis on responsible driving behavior, this app has successfully transformed the way people navigate the Indian National Highways. Whether it's a long road trip or a daily commute, the 'Rajmargyatra' app ensures that every journey is a hassle-free and enjoyable experience.


6. What is the primary objective of the partnership between Axis Bank and Kiwi in offering lifetime free Axis Bank KWIK virtual credit cards through the Kiwi app?

A.    To provide customers with traditional credit card rewards and benefits.

B.    To promote cash payments and discourage digital transactions.

C.   To offer virtual credit cards exclusively to Axis Bank customers.

D.   To combine UPI's convenience with credit card rewards and benefits.

Answer: Option (D)


The primary objective of the partnership between Axis Bank and Kiwi in offering lifetime free Axis Bank KWIK virtual credit cards through the Kiwi app is to merge the convenience of UPI transactions with the rewards and benefits typically associated with credit cards. This innovative approach aims to enhance the payment experience for Axis Bank customers, providing them with a seamless, secure, and rewarding payment solution. With this dynamic duo at the forefront of digital payments, the future looks promising for those seeking a perfect blend of efficiency and perks.


7. What is the total amount sanctioned by NABARD to the Rajasthan government under the Rural Infrastructure Development Fund (RIDF) for the financial year 2023-24?

A.    Rs 1,500.25 crore

B.    Rs 1,800.27 crore

C.   Rs 1,974.07 crore

D.   Rs 2,200.50 crore

Answer: Option (C)


The recent sanctioning of Rs 1,974.07 crore by NABARD to the Rajasthan government under the RIDF for the financial year 2023-24 marks a significant milestone in the journey towards rural development. This substantial funding allocation will contribute to the enhancement of rural roads, irrigation infrastructure, social amenities, and overall livelihood opportunities. As Rajasthan embraces this infusion of funds, we can anticipate a transformative impact on the lives of its rural population, ushering in a brighter and more prosperous future.


8. What is the purpose of the newly introduced Ayush (AY) visa category by the Ministry of Home Affairs?

A.    To attract foreign nationals for educational purposes in India.

B.    To promote wellness and Yoga among Indian citizens.

C.   To facilitate medical treatment under Ayush systems for foreign nationals.

D.   To encourage Indian citizens to seek medical treatment abroad.

Answer: Option (C)


The Ayush (AY) visa category introduced by the Ministry of Home Affairs serves as a significant step towards promoting medical treatment, wellness, and holistic care in India. By providing a dedicated visa category, foreign nationals now have easier access to Ayush systems and the plethora of healing practices they offer. Furthermore, this initiative is poised to boost medical tourism and contribute to the growth of India's healthcare sector. With the Ayush (AY) visa, individuals can embark on a transformative journey of healing, wellness, and self-discovery in the vibrant land of India.


9. How often does the Asian Games take place, and which organization is responsible for organizing it?

A.    Every two years, organized by the Asian Olympic Committee.

B.    Every four years, organized by the Olympic Council of Asia (OCA).

C.   Every year, organized by the International Olympic Committee (IOC).

D.   Every three years, organized by the Asian Games Federation.

Answer: Option (B)


The Asian Games is a quadrennial celebration of sporting excellence that unites nations across Asia. Organized by the Olympic Council of Asia (OCA), this event brings together athletes, spectators, and cultures in a display of unity and friendly competition. With China set to host the 2023 edition, anticipation runs high for yet another remarkable chapter in the history of the Asian Games.


10. What was Namdeo Dhondo Mahanor best known for?

A.    His contributions to Marathi literature

B.    His career as an actor

C.   His achievements in sports

D.   His work in politics

Answer: Option (A)


Namdeo Dhondo Mahanor's name will forever be synonymous with the rich tapestry of Marathi literature. His poems and lyrics have woven a lyrical magic that continues to captivate and inspire. Through his profound contributions, Mahanor has not only enriched the literary landscape but also played a pivotal role in preserving and promoting the beauty of Marathi culture. As we reflect upon his life and achievements, let us celebrate Namdeo Dhondo Mahanor's incredible legacy, grateful for the treasure trove of words he has left behind.


11. What is the name of the new security pact that Pakistan has approved with the United States?

A.    Communication and Security Memorandum of Understanding (CS-MOU)

B.    Defense Cooperation Enhancement Agreement (DCEA)

C.   Communication Interoperability and Security Memorandum of Agreement (CIS-MOA)

D.   Bilateral Security Enhancement Pact (BSEP)

Answer: Option (C)


The Communication Interoperability and Security Memorandum of Agreement (CIS-MOA) marks a significant step forward in the defense cooperation between Pakistan and the United States. With its focus on communication interoperability, enhanced security measures, and closer military ties, this agreement sets the stage for deeper collaboration in addressing shared security challenges. The CIS-MOA not only strengthens Pakistan's defense capabilities but also fosters a stronger bilateral relationship between the two nations. As both countries embark on this new chapter of cooperation, the CIS-MOA holds immense potential for ensuring regional stability and security.


12. Who inaugurated the 'Unmesha' International Literature Festival and the 'Utkarsh' Festival of Folk and Tribal Performing Arts in Bhopal, Madhya Pradesh?

A.    Prime Minister of India

B.    President of India

C.   Chief Minister of Madhya Pradesh

D.   Minister of Culture and Arts

Answer: Option (B)


The inauguration of the 'Unmesha' International Literature Festival and the 'Utkarsh' Festival of Folk and Tribal Performing Arts by the President of India, Smt Droupadi Murmu, marked a significant moment in the cultural landscape of Madhya Pradesh. These festivals continue to foster creativity, cultural exchange, and mutual appreciation among artists, writers, and performers. Through their diverse offerings, they provide a platform for the exploration of literature and the preservation of traditional performing arts. The inauguration symbolized the recognition and support of the government for the arts, ensuring that the cultural heritage of the region thrives and resonates with audiences around the world.


13. Who unveiled the new logo of the National Mineral Development Corporation (NMDC)?

A.    Union Finance Minister

B.    Union Steel Minister and Civil Aviation Minister

C.   Chief Minister of Telangana

D.   CEO of NMDC

Answer: Option (B)


The unveiling of the new logo of NMDC by Jyotiraditya Scindia, the Union Minister of Steel and Civil Aviation, marks a significant milestone in the company's journey. The logo captures the essence of NMDC's past achievements, present commitment, and future aspirations. It represents a new chapter for NMDC, one filled with determination, innovation, and a relentless pursuit of excellence. As NMDC continues to evolve and contribute to the nation's growth, the new logo stands as a powerful symbol of progress and promise.


14. In which year did the Indian National Cricket team win the ICC T20 World Cup?

A.    2007

B.    2011

C.   2013

D.   2020

Answer: Option (A)


The year 2007 will forever be etched in the annals of Indian cricket history as the year when the Indian National Cricket Team triumphed in the ICC T20 World Cup. This victory not only marked a significant milestone in the nation's cricketing journey but also ignited a new era of T20 cricket in India. It showcased the talent, passion, and determination of the Indian team, leaving an indelible mark on the hearts of cricket fans worldwide. Celebrating this triumph, we remember the glorious victory that brought joy and pride to millions of cricket enthusiasts.


15. Who has been appointed as the new special agent in charge of the Salt Lake City Field Office by FBI Director Christopher Wray?

A.    Christopher Wray

B.    Shohini Sinha

C.   Sumit Arora

D.   Charles Joseph Bonaparte

Answer: Option (B)


The appointment of Shohini Sinha as the new special agent in charge of the Salt Lake City Field Office is a significant development in the realm of law enforcement. With her impressive background, experience, and dedication, Sinha is well-equipped to lead the office and uphold the integrity and mission of the FBI. The law enforcement community eagerly awaits her tenure and anticipates the positive impact she will undoubtedly make in the Salt Lake City region.


16. What was the S&P Global India Services Purchasing Managers’ Index (PMI) reading in July?

A.    48.5

B.    55.7

C.   62.3

D.   70.9

Answer: Option (C)


The S&P Global India Services PMI reading of 62.3 in July highlights the remarkable expansion in the services sector. This record high signifies a strong recovery and growth momentum, showcasing the resilience of the Indian economy. The surge in services opens up new opportunities, bolsters economic recovery, and sets the stage for a prosperous future.


17. What regulatory measures have been taken by RBI in response to the delayed reporting of overseas investments?

A.    Increasing interest rates

B.    Reducing taxes

C.   Ceasing outward remittances

D.   Providing subsidies

Answer: Option (C)


In response to the delayed reporting of overseas investments, the RBI has taken proactive regulatory measures to ensure transparency and accountability. Ceasing outward remittances serves as a strong step towards addressing this issue and encourages individuals to fulfill their reporting obligations promptly. By implementing such measures, the RBI aims to maintain financial stability and foster investor confidence in the Indian economy.


18. What is a requirement for companies aspiring for Maharatna status according to SEBI regulations?

A.    Reporting an annual net profit exceeding Rs 2,500 crore.

B.    Being listed on the Indian stock exchange with any public shareholding.

C.   Holding Navratna status for at least five years.

D.   Demonstrating significant global presence through subsidiaries.

Answer: Option (A)


SEBI's requirements for companies aspiring for Maharatna status are rigorous and comprehensive. Achieving an annual net profit exceeding Rs 2,500 crore is the cornerstone of these requirements, highlighting the significance of sustained profitability. However, it is crucial to note that financial performance is not the sole factor considered by SEBI. Companies must also meet other criteria, showcasing their transparency, accountability, and global presence. Aspiring companies that fulfill these requirements can embark on the journey towards being bestowed with the prestigious Maharatna status.


19. What is the eligibility criteria for cases to be considered under the Vivad se Vishwas 2.0 scheme?

A.    The dispute must involve an international party.

B.    The dispute must be related to intellectual property rights.

C.   The arbitral award must have been issued up to January 31, 2023, or the court award must have been passed on or before April 30, 2023.

D.   The dispute must involve criminal offences.

Answer: Option (C)


The eligibility criteria for cases to be considered under the Vivad se Vishwas 2.0 scheme are crucial factors that taxpayers must understand. By involving international parties, focusing on intellectual property disputes, setting a timeframe for awards, and considering cases involving criminal offences, the scheme aims to provide a comprehensive resolution mechanism. Taxpayers who meet these criteria can leverage the benefits offered by the scheme and find a path towards resolution and relief.


20. What benefits do entities recognize as startups under the Startup India initiative receive from DPIIT?

A.    Access to mentorship and networking opportunities.

B.    Tax exemptions and government-funded schemes.

C.   Performance evaluation over a specific number of years.

D.   Access to angel investors and venture capital only.

Answer: Option (A)


Entities recognized as startups under the Startup India initiative receive a multitude of benefits from the DPIIT. These benefits include access to mentorship and networking opportunities, tax exemptions and government-funded schemes, performance evaluation over a specific number of years, and access to angel investors and venture capital. Such support systems and incentives empower startups to navigate challenges, explore their full potential, and contribute to the country's economic growth. The Startup India initiative continues to foster a vibrant startup ecosystem, unlocking opportunities for innovative entrepreneurs to thrive.


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