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 Q .
In Aug 2021, RBI empanelled which bank to act as an ‘Agency Bank’?
A)
IndusInd Bank
B)
City Union Bank
C)
State Bank of India
D)
Kotak Mahindra Bank

Correct Answer : Option (A) - IndusInd Bank

Note :

The IndusInd Bank has been empanelled by the Reserve Bank of India (RBI) to act as an ‘Agency Bank’. As an Agency Bank, IndusInd becomes eligible to carry out transactions related to all kinds of government-led businesses. This decision is based on the RBI guideline that authorises scheduled private sector banks as agency banks of the regulator for the conduct of government business.
 
IndusInd Bank now joins few other private banks of the country listed as Agency Bank of RBI, to carry out general banking business on behalf of the central and state government, apart from offering its customers the convenience of undertaking routine financial transactions through its banking platform.

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Published On : August 4, 2021
 Q .
The IMF has approved the allocation of ___ in Special Drawing Rights (SDR), being the largest allocation made by IMF considering the history of the organisation?
A)
$550 billion
B)
$650 billion
C)
$750 billion
D)
$850 billion

Correct Answer : Option (B) - $650 billion

Note :

The Board of Governors of the International Monetary Fund (IMF) has approved a general allocation of Special Drawing Rights (SDRs) equivalent to US $650 billion (about SDR 456 billion) on August 2, 2021, to boost global liquidity.
 
“This is a historic decision – the largest SDR allocation in the history of the IMF and a shot in the arm for the global economy at a time of unprecedented crisis. The SDR allocation will benefit all members, address the long-term global need for reserves, build confidence, and foster the resilience and stability of the global economy. It will particularly help our most vulnerable countries struggling to cope with the impact of the COVID-19 crisis,” IMF Managing Director Kristalina Georgieva said.

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Published On : August 4, 2021
 Q .
Which IIT launched seven new academic programmes to Cater to Rising Demand for New-Age Technologies?
A)
IIT Delhi
B)
IIT Bombay
C)
IIT Guwahati
D)
IIT Roorkee

Correct Answer : Option (D) - IIT Roorkee

Note :

The Indian Institute of Technology (IIT) Roorkee has launched seven new academic programmes to cater to the rising demand for new-age technologies, the Department of Science and Technology said on Monday(02-08-2021). The seven new programmes are in select areas of engineering, architecture, economics and management along with specialisation in data science and artificial intelligence.
 
"Their launch shows that we are on to breaking some of the silos that we have historically created," Mr Sharma said. The programmes, which include six postgraduate degree programmes and one five-year integrated programme, would be offered to students from the next autumn session (2021-2022). The entire bunch comprises MTech (Artificial Intelligence) and MTech (Data Science) under the Centre for Artificial Intelligence, Data Science (CAIDS), MDes (Industrial Design), and MIM (Masters in Innovation Management) under the Department of Design. 

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Published On : August 3, 2021
 Q .
Indian Navy is planning to deploy a naval task group comprising four frontline warships on which Sea to counter China?
A)
Arabian Sea
B)
Black Sea
C)
South China Sea
D)
North Atlantic Sea

Correct Answer : Option (C) - South China Sea

Note : The Indian Navy is deploying a naval task group comprising four frontline warships to the South China Sea, Western Pacific and South East Asia for over two months beginning early August, in a significant move aimed at enhancing its profile in the strategically key sea lanes.

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Published On : August 3, 2021
 Q .
Who has been named as a recipient of the prestigious Lokmanya Tilak National Award for 2021?
A)
Ratan Tata
B)
Narendra Modi
C)
Cyrus Poonawalla
D)
Mukesh Ambani

Correct Answer : Option (C) - Cyrus Poonawalla

Note : Serum Institute founder Cyrus Poonawalla has been named as a recipient of the prestigious Lokmanya Tilak National Award for 2021. Dr Cyrus Poonawalla, Chairman of the Pune-based vaccine maker Serum Institute of India (SII), has been selected for the prestigious Lokmanya Tilak National Award for 2021.

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Published On : August 3, 2021
 Q .
When World Sanskrit Day is celebrated?
A)
Shraavana Poornima
B)
Kartika Purnima
C)
Pausa Purnima
D)
Ashvina Purnima

Correct Answer : Option (A) - Shraavana Poornima

Note : World Sanskrit Day is celebrated on Shraavana Poornima, which is the Poornima day that is on full moon day in the month of Shraavana in the Hindu calendar. Sanskrit Day is an annual event focused around the ancient Indian language of Sanskrit that incorporates lectures about the language and is aimed to promote its revival and maintenance.

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Published On : August 3, 2021
 Q .
The Government of India rushed a multi-disciplinary team to which state to monitor the Zika virus situation?
A)
Tamil Nadu
B)
Maharashtra
C)
Punjab
D)
Andhra Pradesh

Correct Answer : Option (B) - Maharashtra

Note :

The Centre has rushed a multi-disciplinary team to Maharashtra to monitor the Zika virus situation and support the State Government in the management of the virus. A case of Zika has been reported in Pune district recently. Health Ministry said, the three-member Central team consists of a public health expert from the Office of Regional Director, Pune, a gynecologist from Lady Hardinge Medical College, New Delhi and an entomologist from National Institute of Malaria Research, ICMR, New Delhi.
 
The team will work closely with the State Health Department and take a stock of the situation on ground. They will assess whether the Union Health Ministry’s Action Plan for Zika Management is being implemented and recommend necessary public health interventions for Zika management in the state.

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Published On : August 3, 2021
 Q .
Papua region, recently seen in news, is located in which country?
A)
Iran
B)
Israel
C)
Australia
D)
Indonesia

Correct Answer : Option (D) - Indonesia

Note : A 5.9 magnitude earthquake struck off the coast of Indonesia’s easternmost Papua region. Indonesia experiences frequent quakes due to its position on the Pacific Ring of Fire, an arc of intense seismic activity where tectonic plates collide that stretches from Japan through Southeast Asia and across the Pacific basin.

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Published On : August 3, 2021
 Q .
Indian Bank signed MoU with the Society for Innovation and Entrepreneurship (SINE) of _______ to support the startups and small businesses with exclusive credit facilities?
A)
IIT Gandhinagar
B)
IIM Ahmedabad
C)
IIM Jammu
D)
IIT Bombay

Correct Answer : Option (D) - IIT Bombay

Note :

Indian Bank on Monday(02-08-2021) entered into a Memorandum of Understanding with Society for Innovation and Entrepreneurship (SINE) – an initiative of Indian Institute of Technology, Bombay – for extending exclusive credit facility to Start-ups and MSMEs.
 
SINE, IIT, Bombay is the forerunner in setting up joint R&D with industries and supporting start-up incubation. SINE, IIT, Bombay provides support to the MSME sector by providing joint research and development arrangements and technical and financial support for incubation and acceleration of high-end technology products. The Bank will extend loans of up to 50 crore rupees to these start-ups for their working capital requirements or purchase of machinery and equipment. As the name goes, this initiative, which is mutually beneficial for both Bank and IIT, Bombay, will be the spring board for start-ups to realise their ambitions.
 
Speaking on the occasion, Managing Director and Chief Executive Officer of Indian Bank  Padmaja Chunduru highlighted the start-ups’ need to be suitably counselled about the significance of equity and debt funding.

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Published On : August 3, 2021
 Q .
Who leaded Indian delegation at G20 Culture Ministers’ Meeting?
A)
Pralhad Joshi
B)
Arjun Munda
C)
Meenakashi Lekhi
D)
Narendra Singh Tomar

Correct Answer : Option (C) - Meenakashi Lekhi

Note : Meenakashi Lekhi, the Minister of State for Culture of India participated in the G20 Culture Ministers’ Meeting on behalf of the Government of India. The two-day meeting was hosted by Italy on July 29 and 30 July 2021, during their ongoing Presidency of G20 in 2021. At the end of the discussions, the G20 Ministers of Culture adopted the G20 Culture Working Group Terms of Reference.

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Published On : August 3, 2021
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