Current Affairs Quiz - August, 2022
11. The Cabinet Committee on Economic Affairs approved Fair and Remunerative Price (FRP) of which product?
[A] Rice
[B] Wheat
[C] Sugar Cane
[D] Cotton
Show Answer
Correct Answer: C [Sugar Cane]
Notes:
The Cabinet Committee on Economic Affairs (CCEA) have approved the Fair and Remunerative Price (FRP) of sugarcane for sugar marketing year 2022-23 (October-September).
The decision of rising FRP to Rs 305 per quintal, will benefit around 50 million sugarcane farmers and their dependents, as well as about 500,000 workers employed in sugar mills and related activities.
12. National Tiger Conservation Authority (NTCA) has partnered with which organisation for relocation of cheetahs from Africa to India?
[A] Indian Oil Corporation
[B] Bharat Petroleum Corporation
[C] Hindustan Petroleum Corporation
[D] NTPC
Show Answer
Correct Answer: A [Indian Oil Corporation]
Notes:
The National Tiger Conservation Authority (NTCA) signed a memorandum of understanding (MoU) with Indian Oil Corporation for the relocation of cheetahs from Africa to India.
According to the MoU, IOC will contribute Rs 50.22 crore for over four years for the project. The total cost of the project is currently Rs 75 crore. Indian and Namibian governments earlier signed MoUs for introducing Cheetas in India.
13. ‘Yudh Abhyas’ is a military exercise held between India and which country?
[A] Japan
[B] USA
[C] Australia
[D] France
Show Answer
Correct Answer: B [USA]
Notes:
India and the US will conduct a fortnight-long mega military exercise named ‘Yudh Abhyas’ in Uttarakhand’s Auli in October 2022.
The 18th edition of the exercise is scheduled to include number of complex drills. The last edition of the exercise took place in October 2021 in Alaska in the US. In June 2016, the US designated India a ‘Major Defence Partner’.
14. What is the repo rate after the August 2022 Monetary policy committee (MPC) Meeting?
[A] 5.0 %
[B] 5.2 %
[C] 5.4 %
[D] 5.75 %
Show Answer
Correct Answer: C [5.4 %]
Notes:
Reserve Bank of India (RBI) Governor Shaktikanta Das-chaired Monetary Policy Committee (MPC) raised the repo rate by 50 basis points (bps) to 5.40 percent.
The decision was taken to tame persisting high inflation. After the decision, the repo rate is above pre-pandemic levels of 5.15 percent. The overall rate hike in three successive policy meets has gone to 140 basis points.
15. Which airline announced the world’s first three-point disembarkation process?
[A] Air India
[B] IndiGo
[C] Vistara
[D] Akasa Airline
Show Answer
Correct Answer: B [IndiGo]
Notes:
IndiGo on announced a global first three-point disembarkation process, which will enable its passengers to exit the aircraft faster.
Under the process, the airline will put ramps on the two forward exits on the left and right of the aircraft, and a third ramp at the left rear exit of the plane.
16. Who has been selected as the 14th Vice President of India?
[A] Jagdeep Dhankhar
[B] Margaret Alva
[C] Kalyan Singh
[D] Shivraj Patil
Show Answer
Correct Answer: A [Jagdeep Dhankhar]
Notes:
Jagdeep Dhankhar has won India’s Vice Presidential election 2022, defeating Opposition candidate Margaret Alva.
Dhankhar will be India’s 14th Vice President, taking over from the incumbent Vice President M Venkaiah Naidu. He has served as a Minister of state for Parliamentary Affairs in the Janata Dal government. He became the Governor of West Bengal in July 2019.
17. What is India’s new target year to eliminate Kala-azar?
[A] 2023
[B] 2025
[C] 2027
[D] 2030
Show Answer
Correct Answer: A [2023]
Notes:
The Government has set the target to eliminate Kala-azar by 2023 from the country. In a written reply in Lok Sabha given by the Union Health Minister, out of 633 Kala-azar endemic blocks, 625 blocks have achieved the elimination target last year.
The World Health Organisation (WHO) Neglected Tropical Diseases Road map has set the target for Kala-azar elimination as 2030.
18. Who is the head of the SEBI Expert Group of Foreign Portfolio Investors (FPIs)?
[A] K V Kamath
[B] K V Subramanian
[C] Viral Acharya
[D] Arvind Subramaniam
Show Answer
Correct Answer: B [K V Subramanian]
Notes:
The Securities and Exchange Board of India (SEBI) has constituted an expert group of Foreign Portfolio Investors (FPIs) to review investment avenues available for FPIs and advise on the feasibility of new avenues.
The FPI Advisory Committee (FAC) will be chaired by former Chief Economic Adviser KV Subramanian. It and consists of 14 other members from foreign banks, stock exchanges depositories and the Reserve Bank of India.
19. What is the full-form of ‘SMRs’, recently suggested by NITI Aayog member for meeting India’s energy needs?
[A] Systemic modular reactors
[B] Simple modular reactors
[C] Small modular reactors
[D] Small mutual reactors
Show Answer
Correct Answer: C [Small modular reactors]
Notes:
NITI Aayog member and scientist V. K. Saraswat suggested that the government should focus on setting up small modular reactors.
Small modular reactors (SMRs) are advanced nuclear reactors that have power capacity of up to 300 MW per unit. This would help meet India’s energy needs and in replacing the aging thermal power plants.
20. Union Cooperation Minister launched the cooperatives into which portal for increased scope in public procurement?
[A] Digi Locker portal
[B] Government e-Marketplace (GeM) portal
[C] Bharat-Mart Portal
[D] Crafts India Portal
Show Answer
Correct Answer: B [Government e-Marketplace (GeM) portal]
Notes:
Union Home and Cooperation Minister Amit Shah launched the on-boarding of cooperatives into the Centre’s Government e-Marketplace (GeM) portal.
The federally run digital public procurement system is made available for cooperatives for the first time.Over 300 cooperatives have been on-boarded as buyers on the GeM portal to enable them to purchase goods and services at competitive prices.
The above questions are part of Daily Current Affairs 20 MCQs Series in GKToday's Academy Android Application. This series can be subscribed in the app only for Rs. 750/- for entire year.
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