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Latest Current Affairs
 Q .
The RBI will be implementing PRISM, which is a web-based end-to-end workflow automation system to give strength to compliance by supervised entities (SEs). What does ‘S’ signifies in PRISM?
A)
Safe
B)
Secured
C)
Superfast
D)
Supervision

Correct Answer : Option (D) - Supervision

Note :

The Reserve Bank of India is implementing a web-based end-to-end workflow automation system to give strength to compliance by supervised entities (SEs).
 
The web-based end-to-end workflow automation system is named as ‘Platform for Regulated Entities for Integrated Supervision and Monitoring (PRISM)’.
 
The PRISM will help supervised entities to strengthen their internal defenses and resilience. It will allow SEs to focus on Root Cause Analysis (RCA).

  Show Answer
Published On : August 20, 2021
 Q .
Anandha Kannan passed away recently. He was a/an ______.
A)
Actor
B)
Politician
C)
Journalist
D)
Environmentalist

Correct Answer : Option (A) - Actor

Note : Anandha Kannan took his last breath on August 16th Popular Tamil actor and host Anandha Kannan, 48, passed away due to bile-duct cancer. A few months ago, Kannan, a native of Singapore, was diagnosed with this rare disease and was undergoing treatment.

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Published On : August 20, 2021
 Q .
Union minister Jitendra Singh announced to setting up a separate Civil Services Exam (CSE) centre for which Union Territory?
A)
Ladakh
B)
New Delhi
C)
Andaman and Nicobar
D)
Dadra and Nagar Haveli

Correct Answer : Option (A) - Ladakh

Note : Union minister Jitendra Singh announced that the government would be setting up a separate Civil Services Exam (CSE) centre for Ladakh. The centre will be located in Leh.

The Union Public Service Commission (UPSC) will, from this year, have an Examination Centre at Leh, which will operate for the first time for the Civil Services (Preliminary) Examination 2021, scheduled to be held on 10th of October this year.

  Show Answer
Published On : August 20, 2021
 Q .
Who recently launched Defence India Startup Challenge 5.0?
A)
Narendra Modi
B)
Amit Shah
C)
Rajnath Singh
D)
Nirmala Sitharaman

Correct Answer : Option (C) - Rajnath Singh

Note :

Raksha Mantri Rajnath Singh launched Defence India Startup Challenge (DISC) 5.0 under Innovations for Defence Excellence – Defence Innovation Organisation (iDEX-DIO) initiative, on August 19, 2021, in New Delhi. The Ministry of Defence has earmarked Rs 1,000 crore for domestic procurement through the iDEX initiative for the financial year 2021-2022. The Department of Defence Production, Ministry of Defence has approved budgetary support of Rs. 498.80 crore for iDEX for the next 5 years from 2021-22 to 2025-26.
 
About the DISC :
DISC is a platform wherein the Government, Services, think tanks, industry, startups and innovators can work together to help the defence & aerospace sectors reach full potential by creating a strong, modern & well-equipped military and equally capable & self-reliant defence industry.

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Published On : August 20, 2021
 Q .
Vriksharopan Abhiyan 2021 has launched by which of the following ministry?
A)
Ministry of Defence
B)
Ministry of Coal & Mines
C)
Department of Atomic Energy
D)
Ministry of Road Transport and Highways

Correct Answer : Option (B) - Ministry of Coal & Mines

Note :

The Ministry of Coal & Mines in India is set to launch the Vriksharopan Abhiyan 2021 on August 19, 2021, as a part of the Azadi Ka Amrut Mahotsav. Pralhad Joshi, Union Minister of Coal, Mines and Parliamentary Affairs will launch the Abhiyan via video conferencing in the presence of Raosaheb Patil Danve, Minister of State for Coal, Mines, and Railways.
 
The coal/lignite Public Sector Undertakings (PSUs) of the Ministry of Coal, Government of India has an ambitious target under the "Go Greening" drive to bring 2,385 hectares of land under bio-reclamation or plantation.
 
The Abhiyan is expected to give the right stimulus to the Go Greening drive and thereby connecting more than 300 plantation sites in and around coalfields in India.
 
What is Vriksharopan Abhiyan 2021?

* Vriksharopan Abhiyan 2021 is one of the key initiatives of the Ministry of Coal as a part of Azadi Ka Amrut Mahotsav celebrations in the coal sector of India.
 
* The Abhiyan aims to aid India’s coal sector to achieve environmental and social license to operate and induce environmental stability in the mining sector.
 
* The Abhiyan is also expected to drive the citizens of India to launch more afforestation initiatives in their neighboring areas.

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Published On : August 19, 2021
 Q .
Who recently launched the third series of the ‘Student Entrepreneurship Programme’ (SEP 3.0)?
A)
RBI
B)
SBI
C)
SEBI
D)
NITI Aayog

Correct Answer : Option (D) - NITI Aayog

Note :

Taking the onus to nurture and support student innovation in India, the Public policy think tank of the Government of India, NITI Aayog has joined hands with La Fondation Dassault Systemes to commence the third series of the ‘Student Entrepreneurship Program’ (SEP 3.0) for the young innovators of Atal Tinkering Labs (ATL).
 
The Student Entrepreneurship Programme is based on the theme of ‘Made in 3D – Seed the Future Entrepreneurs Program’, which was conceptualized and rolled out in France by La Main à la Pate Foundation and La Fondation Dassault Systèmes Europe in 2017.
 
As a part of the program, a total of 50 teams from 26 states are selected. These teams include the top 20 teams of (Atal Tinkering Lab) ATL Marathon 2019, 10 teams from Aspirational Districts, 10 teams selected by Dassault, and 10 teams from Jammu & Kashmir, Ladakh, and Northeast regions.

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Published On : August 19, 2021
 Q .
Who recently announced the formation of a composite Financial Inclusion Index (FI-Index)?
A)
SEBI
B)
SBI
C)
RBI
D)
NITI Aayog

Correct Answer : Option (C) - RBI

Note :

The Reserve Bank of India (RBI) announced the formation of a composite Financial Inclusion Index (FI-Index) to capture the extent of financial inclusion across the country.
 
The annual FI-Index for the period ended March 2021 stood at 53.9 compared with 43.4 for the period ended March 2017. The FI-Index will be published in July every year, the RBI said in a release.
 
The index has been conceptualised as a comprehensive index incorporating details of banking, investments, insurance, postal as well as the pension sector in consultation with the government and respective sectoral regulators, the RBI said.
 
The index captures information on various aspects of financial inclusion in a single value ranging between 0 and 100, where 0 represents complete financial exclusion and 100 indicates full financial inclusion.
 
“The FI-Index comprises three broad parameters (weights indicated in brackets) viz., Access (35%), Usage (45%), and Quality (20%) with each of these consisting of various dimensions, which are computed based on a number of indicators,” the RBI said.
 
The index is responsive to ease of access, availability and usage of services, and quality of services for all 97 indicators.
 
The FI-Index has been constructed without any ‘base year’ and as such it reflects cumulative efforts of all stakeholders over the years towards financial inclusion, it said.

  Show Answer
Published On : August 19, 2021
 Q .
Who has been elected as the new President of the Institute of Economic Growth (IEG) Society?
A)
N K Singh
B)
Arun Jaitley
C)
Urjit Patel
D)
Raghuram Rajan

Correct Answer : Option (A) - N K Singh

Note :

N K Singh, Chairman of the 15th Finance Commission has been elected as the President of the Institute of Economic Growth (IEG) Society, at a meeting of the general body on August 16, the society said on 19-08-2021.
 
According to a statement issued by IEG, the name of Singh was suggested for consideration of the General Assembly of the IEG by Dr Manmohan Singh. Manmohan Singh had served as the President of IEG since 1992 and has been closely associated with the institute for several decades.
 
N.K Singh succeeds Dr Manmohan Singh, former Prime Minister of India, who retired from the Presidency of the IEG Society earlier this month. Tarun Das former Director-General, Confederation of Indian Industry (CII) is the current Chairman, Board of Governors and Professor Ajit Mishra is the Director of the institute....

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Published On : August 19, 2021
 Q .
Radhakishan Damani has entered World’s 100 Richest People List. He is the owner of which Indian retail company?
A)
DMart
B)
Future Retail
C)
Reliance Retail
D)
Shoppers Stop

Correct Answer : Option (A) - DMart

Note :

DMart owner Radhakishan Damani has entered the list of top 100 richest people in the world. 
 
The media-shy billionaire investor with a net worth of $19.2 billion is positioned at the 98th spot in the list compiled by Bloomberg Billionaires Index. 
 
He was placed at 117th position last year on the global list of billionaires and was the fourth richest Indian with a net worth of $16.5 billion. 

  Show Answer
Published On : August 19, 2021
 Q .
The bilateral navy exercise named ‘Exercise Konkan 2021’ was held between the Indian Navy and the Navy of which country recently?
A)
USA
B)
Britain
C)
France
D)
Germany

Correct Answer : Option (B) - Britain

Note :

'Exercise Konkan- 2021', a bilateral Naval Exercise held between the Indian Navy and the Royal Navy of Britain in Portsmouth, United Kingdom (UK).
 
Indian Naval Ship (INS Tabar), a Talwar class stealth frigate of Indian Navy and HMS Westminster of the Royal Navy undertook the exercise in non contact form due to Covid-19 pandemic. It aims to enhance interoperability, synergy and cooperation between both the Navies.

Exercise Konkan :
It is held annually since 2004 between the Indian Navy and the Royal Navy of Britain. The 2019 Edition was held on the English Channel, UK.

  Show Answer
Published On : August 19, 2021
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