Daily Current Affairs Quiz : August 20, 2021
August 20, 2021 August 20, 2021
1. With which country, Indian navy has signed a ‘Joint Guidance’ for naval cooperation?
[A] Australia
[B] Japan
[C] United States
[D] South Korea
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Correct Answer: A [Australia]
Notes:- India, Australia sign ‘Joint Guidance’ for naval cooperation to further bilateral and multilateral cooperation and interoperability in the maritime domain
- The signing ceremony for the ‘Joint Guidance for the Australia – India Navy to Navy Relationship’ document was held virtually between Indian Navy Chief Admiral Karambir Singh and Australian Navy Chief Vice Admiral Michael J Noonan.
- Australia and India, along with the US and Japan are members of the four-nation Quadrilateral Security Dialogue, or the Quad, which has irked China.
- The navies of the four Quad nations will also participate in the Malabar Naval Exercise later this year.
2. Recently, with which country’s navy, the Indian Navy has carried out joint drills in the South China Sea?
[A] Thailand
[B] Japan
[C] Cambodia
[D] Vietnam
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Correct Answer: D [Vietnam]
Notes:- The Indian Navy has carried out joint drills with the Vietnamese Navy in the South China Sea as part of maritime cooperation between the two countries.
- INS Ranvijay and INS Kora undertook bilateral maritime exercises with Vietnam People’s Navy (VPN) frigate VPNS Ly Thai To(HQ-012).
- The bilateral interaction aims to consolidate the strong bond shared by the two navies and would be another step towards strengthening India-Vietnam defence relations.
- The sea phase included surface warfare exercises, weapon firing drills and helicopter operations.
- Regular interactions between the two navies over the years have enhanced their interoperability and adaptability.
3. In which State/UT, Ministry of Textiles has inaugurated an international exhibition on Folk & Tribal Art Paintings “Reetiyon se Kalakritiyon ka Safar?”
[A] Maharashtra
[B] New Delhi
[C] Odisha
[D] Goa
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Correct Answer: B [New Delhi]
Notes:- International Exhibition on Folk & Tribal Art Paintings begins in New Delhi.
- Upendra Prasad Singh, Secretary, Ministry of Textiles has inaugurated an international exhibition on Folk & Tribal Art Paintings “Reetiyon se Kalakritiyon ka Safar” at National Crafts Museum & Hastkala Academy, organised by Office of Development Commissioner, Handicrafts in collaboration with Odi Art Centre.
- Folk and Tribal Paintings of 7 countries- India, South Korea, Indonesia, Myanmar, Sri Lanka, Bangladesh and Nepal are on display.
- This special exhibition (from 18th August to 3rd September) has been curated by the National Crafts Museum & Hastkala Academy, New Delhi, in collaboration with Odi Art Centre.
4. With which country, the Union Cabinet has given approval for India to partner with in the field of Disaster Management?
[A] South Korea
[B] Switzerland
[C] Bangladesh
[D] Nepal
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Correct Answer: C [Bangladesh]
Notes:- The Union Cabinet has approved the Memorandum of Understanding (MoU) on cooperation in the field of Disaster Management, Resilience and Mitigation signed between India and Bangladesh in March this year during the visit of Prime Minister Modi to Bangladesh.
- It will also help in strengthening the areas of preparedness, response and capacity building in the field of Disaster Management.
- The MoU envisages that the countries will extend mutual support to each other at the time of large scale disaster in the field of relief, response, reconstruction and recovery.
- Both the countries will also exchange relevant information, remote sensing and other scientific data.
- They will also share best practices in the field of disaster response, recovery, mitigation, capacity building for ensuring resilience, etc.
- India and Bangladesh will extend cooperation in the field of advanced information technology, early warning systems, remote sensing and navigation services and expertise for disaster preparedness, response and mitigation and real time data sharing.
- They will also support training of officials in the field of Disaster Management and conduct joint disaster management exercises bilaterally.
- The MoU also envisages joint research activities in the field of Disaster management.
5. Which organization has conducted the pilot run of the International Bullion Exchange (IBE)?
[A] Reserve Bank of India
[B] World Bank
[C] World Trade Organization
[D] International Financial Services Centres Authority
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Correct Answer: D [International Financial Services Centres Authority]
Notes:- The pilot run of the International Bullion Exchange (IBE) was conducted by the International Financial Services Centres Authority (IFSCA) at Gujarat International Fin-Tec (GIFT) City, Ahmedabad.
- The IBE will go live from October 1 this year.
- IFSCA chairman Injeti Srinivas, who launched the run, said the IBE shall be the “gateway for bullion imports into India and all bullion imports for domestic consumption shall be channelised through the exchange”.
- The IFSCA (Bullion Exchange) Regulations, 2020, were notified on December 11, 2020, which, inter alia, covers the Bullion Exchange, Clearing Corporation, Depositories and Vaults.
- A holding company, India International Bullion Holding IFSC Ltd (IIBH), has been set up to operationalise the International Bullion Exchange, Bullion Clearing Corporation and Bullion Depository in IFSC, GIFT City.
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