Daily Current Affairs Quiz – 05th August 2022

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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2022 of 05th August 2022. Daily GK quiz online for bank & competitive exam. Here we have given the Daily Current Affairs Quiz based on the previous days Daily Current Affairs updates. Candidates preparing for IBPS, SBI, RBI, RRB, SSC Exam 2022 & other competitive exams can make use of these Current Affairs Quiz.

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1) Union Minister launches six national highway projects totaling 119 kilometers in which state?

(a) Karnataka

(b) Madhya Pradesh

(d) Gujarat

(e) Himachal Pradesh

2) To create a “comprehensive legal framework” Government Withdraws Data Protection Bill _____________

(a) 2017

(b) 2018

(d) 2020

(e) 2021

3) The Ministry of Textiles has approved _____________ Wool Development Scheme with a budget allocation of Rs.29.25 Cr. for implementation during FY from 2021-22 to 2025-26

(a) Merino Wool

(b) Mohair Wool

(d) Pashmina Wool

(e) Virgin Wool

4) India has achieved an important milestone by recognizing more than __________start-ups

(a) 25,000

(b) 50,000

(d) 1,00,000

(e) 1,10,000

5) 106-year-old astronomical observatory at Langat Singh College enters on UNESCO heritage list. This College is Located in which state?

(a) Maharashtra

(b) Gujarat

(d) Rajasthan

(e) Bihar

6) The Reserve Bank of India’s (RBI) Financial Inclusion Index (FI-Index) in March 2022 increased to ____________ from 53.9 in March 2021

(a) 56.4

(b) 57.6

(d) 58.2

(e) 58.9

7) GST e-invoicing is mandatory for entities with Rs 10 cr turnover from which date?

(a) September 1^st, 2022

(b) October 1^st,2022

(d) December 1^st,2022

(e) January 1^st,2023

8) The GST revenue for July 2022 will be the second highest ever, at Rs. _________ lakh crore

(a) Rs 1.45 lakh crore

(b) Rs 1.49 lakh crore

(d) Rs 1.52 lakh crore

(e) Rs 1.45 lakh crore

9) NIESBUD and which among the following fast-moving consumer goods in India signed an MoU for developing entrepreneurial skills among the youth?

(a) Hindustan Unilever

(b) ITC Limited

(d) Dabur India

(e) Godrej Consumer Products

10) Which Indian oil and gas explorer signed an MoU with NTCA for transcontinental relocation of ‘Cheetah’ in its historical range in India?

(a) Hindustan Petroleum

(b) Bharat Petroleum

(d) Indian Oil Corporation

(e) Reliance Petroleum Limited

11) Which state has recently signed an MoU with NITI Aayog for school education transformation?

(a) Himachal Pradesh

(b) Arunachal Pradesh

(d) Uttar Pradesh

(e) Andhra Pradesh

12) LIC has been included in the most recent Fortune Global 500 list. What is the rank of LIC in Fortune Global 500?

(a) 55

(b) 86

(d) 104

(e) 151

13) Who has been appointed as the New Central Vigilance Commissioner of India?

(a) Arvind Krishna

(b) Venkataramani Sumantran

(d) Pushp Kumar Joshi

(e) Suresh N Patel

14) Noise appoints which Indian actress as the brand ambassador of the Upcoming Noise X-Fit 2 Smartwatch?

(a) Kiara Advani

(b) Disha Patani

(d) Vaani Kapoor

(e) Sonam Kapoor

15) CCI approves the acquisition of _________% of the equity share capital of Sanmina-SCI India Private Limited (SCIPL) by Reliance Strategic Business Ventures Limited (RSBVL)

(a) 25.21%

(b) 48.52%

(d) 60.25%

(e) 75.78%

16) Which Public Sector Bank to divest up to 12.5% stake in insurance arm IndiaFirst?

(a) Union Bank of India

(b) Canara Bank

(d) State Bank of India

(e) Bank of Baroda

17) CCI approves Composite Scheme of Arrangement and Amalgamation between Shriram Group Companies under which act?

(a) Reserve Bank of India Act, 1934

(b) Banking Regulation Act, 1949

(d) The Payment and Settlement Systems Act, 2007

(e) The Credit Information Companies (Regulation) Act, 2005

18) The Competition Commission of India (CCI) clears Rs _________ crore deal between Bandhan Fin Holdings-led consortium & IDFC Asset Management

(a) Rs 2,500 crore

(b) Rs 3,500 crore

(d) Rs 5,500 crore

(e) Rs 6,500 crore

19) India set to participate in 17-nation drill “Pitch Black 2022” in which country?

(a) USA

(b) the UK

(d) Australia

(e) Oman

20) India & which nation’s Navies recently Conducts Maritime Partnership Exercise in the North Atlantic Ocean?

(a) UAE

(b) France

(d) Italy

(e) Australia

21) Multilateral Pacific Dragon missile defense exercise is being held from August 01 to August 14, 2022, in Hawaii. Which country is not among the drill?

(a) South Korea

(b) the United States

(d) the United Kingdom

(e) Both A and B

22) At the Commonwealth Games 2022, Tejaswin Shankar wins India’s first Medal in which sport?

(a) 100m Running

(b) High Jump

(d) Judo

(e) 1500m Running

23) At the Commonwealth Games 2022, Tulika Maan wins silver in women’s _____kg judo event

(a) 55 kg

(b) 64 kg

(d) 81 kg

(e) 89 kg

Answers :

1) Answer: B

Union Minister for Road Transport and Highways Shri Nitin Gadkari lay the foundation stone for six National Highway projects totaling 119 kilometers and costing Rs. 2300 crore in Indore, Madhya Pradesh.

Shri Gadkari noted at the ceremony that the projects being unveiled will assist growth by boosting connectivity in Indore and the state.

The villages in the Indore-Harda segment will be better connected to Indore

The State Government and NHAI signed a memorandum of understanding during this initiative to build ropeways at 14 designated locations in Madhya Pradesh.

2) Answer: E

To create a “comprehensive legal framework” for policing the online world, the government withdrew the Personal Data Protection Bill 2021 from Parliament.

This framework will include separate laws on data privacy, the internet ecosystem as a whole, cybersecurity, telecom laws, and the use of non-personal data to foster innovation in the nation.

The administration intends to submit the new legislation during the winter session of Parliament, according to sources in the IT Ministry.

This comes after the Bill was in development for almost four years, during which time it underwent several revisions, was subjected to a Joint Committee of Parliament (JCP) assessment, and encountered opposition from a variety of parties, including tech corporations and privacy campaigners.

3) Answer: D

The Ministry of Textiles has approved the Pashmina Wool Development Scheme under the Integrated Wool Development Programme (IWDP) with a budget allocation of Rs.29.25 Cr. for implementation during FY from 2021-22 to 2025-26.

Provision has been made to provide financial assistance in form of a Revolving Fund for procurement/marketing of pashmina wool in UT of Ladakh and UT of J&K.

A project to set up a Dehairing plant along with ancillary machines at Leh, UT of Ladakh with the project cost of Rs.19.75 Cr. has been sanctioned and out of it Rs.12.92 Cr. has been released.

A provision has been made under the HRD component of IWDP regarding awareness and training to wool growers including UT of Jammu & Kashmir as well as pashmina Nomads of UT of Ladakh region

4) Answer: C

India has achieved an important milestone by recognizing more than 75,000 start-ups.

The last 10000 startups have been recognized in 156 days while the initial ten thousand startups were recognized in 808 days.

Recognizing more than 75 thousand start-ups is a milestone in the order of 75 years of independence.

Around 80 Startups getting recognized per day, which is the highest rate in the world.

India has the 3rd largest ecosystem for startups.

5) Answer: E

The United Nations Educational, Scientific, and Cultural Organization (UNESCO) has added a 106-year-old astronomical observatory at Langat Singh College in Bihar’s Muzaffarpur to its list of important endangered heritage observatories of the world.

The observatory was built in 1916 in the 123-year-old college, now affiliated with Bhim Rao Ambedkar Bihar University.

In 1946, the college also installed a planetarium, the first in India, and the college itself.

6) Answer: A

The Reserve Bank of India’s (RBI) Financial Inclusion Index (FI-Index) in March 2022 increased to 56.4 indicating that growth has been witnessed across all parameters.

The FI-index in March 2021 was 53.9.

RBI will release the FI-Index in July month every year.

7) Answer: B

The goods and services tax (GST) e-invoicing will be mandatory for firms with a turnover of over Rs 10 crore from October 1, 2022 down from the current threshold of Rs 20 crore to further plug leakages and ensure better compliance.

To digitize a higher volume of transactions, transparency in sales reporting, reduce errors and mismatches, automate data entry work, and improve compliance.

The government plans to make GST e-invoicing mandatory for companies with a turnover of Rs 10 crore and then Rs 5 crore in the current financial year.

The GST e-invoice system tracks business-to-business (B2B) transactions on the Invoice Registration Portal (IRP), which facilitates the assessment and computation of input tax credit (ITC).

8) Answer: B

In July, Goods and Services Tax collections increased by 28% to reach the second-highest level ever at Rs 1.49 lakh crore on the back of economic recovery and steps taken to curb tax evasion.

The GST (Goods and Services Tax) collection for the same month a year earlier was Rs 1,16,393 crore.

In April 2022, the GST, which was enacted in July 2017, reached a record high of Rs 1.68 lakh crore.

Since the commencement of the GST, the monthly GST collection has exceeded Rs 1.40 lakh crore six times.

9) Answer: A

To inculcate a culture of innovation, imagination, and proactiveness among youngsters, the National Institute for Entrepreneurship and Small Business Development (NIESBUD) and Hindustan Unilever Limited (HUL) signed a memorandum of understanding (MoU) for developing entrepreneurial skills among the youth and identifying other aspects for mutual collaboration.

The alliance will further enhance employment generation and create sustainable livelihood opportunities, giving a major boost to nano and micro-entrepreneurship advancement in the country.

10) Answer: D

Indian Oil signed an MoU with National Tiger Conservation Authority (NTCA) for the transcontinental relocation of ‘Cheetah’ in its historical range in India.

This is in continuation with the MoU signed between the Government of India and the Government of the Republic of Namibia on wildlife conservation and sustainable biodiversity utilization, for establishing the cheetah into the historical range in India.

Indian Oil will be contributing Rs.50.22 crore in 4 years for the project components viz. Cheetah Introduction, its Habitat Management & Protection, Eco Development, Staff Training, and Veterinary Healthcare.

11) Answer: B

Arunachal Pradesh government signed a tripartite MoU with NITI Aayog for school education transformation.

The main aim of MoU is to bring large-scale transformation in school education in Arunachal Pradesh.

The MoU is a three-year partnership for improving the learning outcome of students across more than 3,000 government schools.

The school education transformation project will be implemented under the NITI Aayog’s Development Support Services for States (DSSS) initiative.

12) Answer: C

The Life Insurance Corporation (LIC), an Indian statutory insurance and investment corporation has risen to the top 500 in the most recent Fortune Global 500 list.

With sales of USD 97.26 billion and a profit of USD 553.8 million, the largest life insurer in the country was rated 98th on the most recent Fortune 500 list.

This is LIC’s first appearance on the list, which lists firms according to sales.

Reliance Industries moved up 51 spots to position 104 on the list for 2022.

13) Answer: E

President Ms. Droupadi Murmu has appointed Vigilance Commissioner Mr. Suresh N Patel as the Central Vigilance Commissioner (CVC) of India.

The post has been lying vacant for the past year.

The ceremony was also attended by prime minister Shri Narendra Modi and Vice President Shri M Venkaiah Naidu.

The tenure of a CVC and vigilance commissioner is of four years or till the incumbent attains the age of 65 years.

14) Answer: D

Nexxbase-owned Noise has appointed actress Vaani Kapoor as the brand ambassador of its upcoming smartwatch, the X-Fit 2 series.

The X-Fit series by Noise was announced in partnership with HRX by Hrithik Roshan and Exceed Entertainment in 2021.

To commemorate Kapoor as the brand ambassador, Noise rolled out a campaign titled #KeepGoing, featuring her across its digital assets.

To initiate conversation around how fitness has become a part of our everyday lifestyle and we must pursue it in style and with comfort.

15) Answer: C

The Competition Commission of India (CCI) approves the acquisition of 50.10% of the equity share capital of Sanmina-SCI India Private Limited (SCIPL) by Reliance Strategic Business Ventures Limited (RSBVL).

RIL is a subsidiary of Reliance Industries Limited (RIL).

Sanmina Corporation and RSBVL have inked an agreement to create a joint venture through investment in Sanmina’s existing Indian entity (Sanmina SCI India).

RSBVL is set to invest ₹1,670 crores in the JV and hold the majority stake.

16) Answer: E

Bank of Baroda (BoB) will divest up to a 12.5% stake in the insurance arm IndiaFirst Life Insurance Company (IFLIC) through an offer for sale in the initial public offer (IPO) of the insurer or any other mode.

However, BoB’s shareholding in the life insurance subsidiary will not fall below 51 percent.

BoB acquired a 21 percent stake in the insurance company following a ‘right of the first offer (ROFO) by Union Bank of India.

BoB’s holding in the company now stands at 65 percent from 44 percent earlier

17) Answer: C

The Competition Commission of India (CCI) approves the Composite Scheme of Arrangement and Amalgamation between Shriram Group Companies under Section 31(1) of the Competition Act, 2002.

The proposed combination involves a composite scheme of arrangement and amalgamation (Scheme) between Shrilekha Business Consultancy Private Limited (SBCPL), Shriram Financial Ventures (Chennai) Pvt. Ltd (SFVPL), Shriram Capital Limited (SCL), Shriram Transport Finance Company Limited (STFC), Shriram City Union Finance Limited (SCUF), Shriram LI Holdings Pvt Ltd (SLIH), Shriram GI Holdings Pvt. Ltd (SGIH) and Shriram Investment Holdings Ltd (SIHL).

18) Answer: C

The Competition Commission of India (CCI) approved the proposed Rs 4,500 crore deal wherein the Bandhan Financial Holdings-led consortium will buy stakes in IDFC Asset Management and IDFC AMC Trustee.

The consortium includes private equity firm Chrys Capital and Singapore’s sovereign fund GIC.

The transaction includes the acquisition of a 99.96% stake in IDFC Asset Management Company Limited (IDFC AMC) and a 100% stake in IDFC AMC Trustee Company Limited (IDFC Trustee) by Bandhan Financial Holdings Limited (BFHL), Lathe Investment Pte. Ltd. (Lathe), Tangerine Investments Limited (CC Entity 1) and Infinity Partners (CC Entity 2).

19) Answer: D

India will be part of the mega air combat exercise “Pitch Black 2022” among 17 nations, to be held in the Northern Territory of Australia.

The exercise will be held for three-week-long and is scheduled to take place from August 19 to September 6, 2022.

Almost 2,500 personnel from over 17 countries and 100 aircraft will engage in both Offensive Counter Air (OCA) and Defensive Counter Air (DCA) combat drills.

20) Answer: B

The guided-missile frigate Indian Naval Ship (INS) Tarkash of the Indian Navy & the French Fleet Tanker French Navy Ship (FNS) Somme participated in a Maritime Partnership Exercise (MPX) in the North Atlantic Ocean.

INS Tarkash is on a long-range overseas deployment.

INS Tarkash carried out various drills with French fleet tanker FS Somme, followed by joint air operations with maritime surveillance aircraft Falcon 50.

The successful conduct of these surface and aerial exercises symbolize the high degree of professionalism and interoperability that exists between the two navies.

21) Answer: D

The biennial Pacific Dragon ballistic missile defense exercise between the military of South Korea, the United States, and Japan is being held from August 01 to August 14, 2022, to detect and track ballistic missiles in the waters off Hawaii.

In addition to the three countries, Australia and Canada will join the exercise in 2022’s edition.

The Pacific Dragon ballistic missile defense drill was led by the US Pacific Fleet.

Pacific Dragon is a trilateral ballistic missile defense (BMD) tracking event between the U.S. Navy, Japan Maritime Self-Defense Force, and the Republic of Korea Navy.

22) Answer: B

At the Commonwealth Games 2022, Tejaswin Shankar of India won the nation’s first athletics medal by taking home a historic bronze in the men’s high jump final.

Tejaswin, who was competing for India for the first time in four years, landed a 2.22-meter landing to place third.

In the first two jumps, he had little issue clearing 2.5 meters and 2.10 meters. then fairly comfortably on the first try 2.19m and 2.22m.

Despite not clearing 2.25, he won the bronze medal by jumping 2.22 meters higher than the fourth-placed competitor.

23) Answer: C

At the Commonwealth Games 2022, Indian judoka Tulika Maan win a silver medal in the women’s 78kg division.

As a result of her Ippon loss against Scotland’s Sarah Adlington in the Women’s +78kg final, Tulika Maan earns India’s second silver medal in judo and third overall in the sport.

Maan earlier did win a gold medal at the 2019 South Asian Games in Kathmandu.

She competed at the Madrid European Open 2022 before the CWG, where she earned a position on the fifth-place team.

2 years ago

Daily Current Affairs Quiz – 05th August 2022

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