1. The Indian Government has imposed safeguard duty on which product till July 2021, to protect domestic manufacturers?
[A] Medical devices
[B] Solar cells
[C] Textile
[D] Electronics
Show Answer
Correct Answer: B [Solar cells]
Notes:
The Indian Government has imposed safeguard duty on solar cells for one more year till July 2021 to protect domestic manufacturers.
This move will also discourage cheap imports from countries like China. Directorate General of Trade Remedies (DGTR), the investigative arm of the Commerce Ministry had recommended to the Department of Revenue for this imposition of duty.
2. Which Public sector Unit has partnered with IIT- Kanpur, for training and research of Smart Grid Technology?
[A] NTPC Ltd
[B] Power Finance Corporation
[C] ONGC Ltd
[D] REC Ltd
Show Answer
Correct Answer: B [Power Finance Corporation]
Notes:
India’s leading NBFC and a Public sector Unit (PSU) under Ministry of Power, Power Finance Corporation (PFC) has partnered with Indian Institute of Technology- Kanpur (IIT-K) for Training and Research in Smart Grid Technology
Under the agreement, PFC will provide financial assistance of over Rs 2 Crore to the institution under its Corporate Social Responsibility (CSR) initiative. This is expected to promote research and Entrepreneurship Development in the field.
3. Sonam Tshering Lepcha, who has passed away, was associated with which field?
[A] Space
[B] Music
[C] Politics
[D] Business
Show Answer
Correct Answer: B [Music]
Notes:
Veteran Folk musician Sonam Tshering Lepcha has recently passed away at Kalimpong, West Bengal at the age of 92.
He travelled to various parts of Sikkim and compiled several Indian folk and traditional Lepcha songs. He was also known for his efforts to popularise and represent Lepcha culture. He was awarded the prestigious Padma Shri award by the Government.
4. Which fin tech company launched a UPI payment link service that allows transactions from any payment app?
[A] PhonePe
[B] MobiKwik
[C] BharatPe
[D] Freecharge
Show Answer
Correct Answer: B [MobiKwik]
Notes:
FinTech company MobiKwik launched a UPI payment link service, mpay.me, that allows users to send and receive money from any UPI payment app.
Through the new service, users and merchants can set up a mini personal payment gateways with their mobile number and share them. With the link, users can send and receive money through any UPI app. This service works on mobile as well as computer.
5. MyGov platform has announced a Logo design contest for which government program in August 2020?
[A] AatmaNirbhar Bharat Abhiyan
[B] Pradhan Mantri Garib Kalyan Yojana
[C] Pradhan Mantri Garib Kalyan Anna Yojana
[D] One Nation One Ration Card
Show Answer
Correct Answer: A [AatmaNirbhar Bharat Abhiyan]
Notes:
The Government of India has announced a Logo design contest for the flagship initiative ‘AatmaNirbhar Bharat Abhiyan’.
The ‘AatmaNirbhar Bharat Logo Design Contest’ is to be conducted through MyGov platform. As per the notification, the last date of submission of entries is 5th August 2020. The winning logo with the most distinct and creative design will win a cash award of Rs 25000.
6. Which racing driver has won the British Grand Prix tournament?
[A] Michael Schumacher
[B] Valtteri Bottas
[C] Lewis Hamilton
[D] Max Verstappen
Show Answer
Correct Answer: C [Lewis Hamilton]
Notes:
British racing driver Lewis Hamilton has recently won the British Grand Prix tournament, to clinch his 87th career victory.
Red Bull’s Max Verstappen came second and is followed by Charles Leclerc who finished third for Ferrari. Due to a technical glitch, Valtteri Bottas had to come back for a tire change and he could get only 11th spot. Four-time F1 champion Sebastian Vettel was placed 10th.
7. Ebrahim Alkazi, who passed away recently, was associated with which field?
[A] Politics
[B] Arts
[C] Sports
[D] Business
Show Answer
Correct Answer: B [Arts]
Notes:
Veteran theatre mentor and the longest serving director of the National School of Drama, Ebrahim Alkazi has passed away recently at the age of 94.
He won several prestigious awards including Padma Shri, Padma Bhushan, Padma Vibhushan, Sangeet Natak Akademi Award & Sangeet Natak Akademi Fellowship. He had trained several artists and his significant plays include Tughlaq and Andha Yug.
8. Which country has witnessed a massive blast that occurred by explosives stored at a port?
[A] Australia
[B] Lebanon
[C] France
[D] Germany
Show Answer
Correct Answer: B [Lebanon]
Notes:
As per the Health Minister of Lebanon, at least 137 people were killed and more than 5000 people were wounded in a massive blast by seized explosives stored at its port.
An estimated 2,750 metric tons of the explosive ammonium nitrate stored at a warehouse in its port allegedly exploded. The government declared the capital of Lebanon, Beirut a ‘disaster city’ and imposed a two-week state of emergency.
9. What is the new repo rate, after the Monetary Policy Committee meeting of August 2020?
[A] 4.75 per cent
[B] 4.5 per cent
[C] 4.0 per cent
[D] 3.8 per cent
Show Answer
Correct Answer: C [4.0 per cent]
Notes:
The Reserve Bank of India (RBI) held its second bi-monthly monetary meeting of FY 2020-21 on August 6, 2020.
After the meeting, the RBI Governor Shaktikanta Das announced that the central bank has decided to keep the key policy rates unchanged with ‘accommodative stance’. Hence, the repo rate will remain at 4 per cent and the reverse repo at 3.35 per cent. There were two rate cuts in March and May.
10. When is National Handlooms Day celebrated in India?
[A] August 6
[B] August 7
[C] August 8
[D] August 9
Show Answer
Correct Answer: B [August 7]
Notes:
National Handloom Day is being celebrated on August 7 across India, to commemorate the Swadeshi Movement.
The Movement was launched on the same day in the year 1905. National Handloom Day also aims to create awareness about the Indian Handloom Industry among the general public. A virtual event was organised by the Ministry of Textiles to mark the occasion.
