Current Affairs For (12 August, 2021)

1. RBI has increased the limit for collateral free loans to Self-Help Groups (SHG) under the DAY-NRLM. What is the new limit?

Correct! Wrong!

Answers With Explanation : (C) The Reserve Bank of India has raised the limit for collateral free loans to Self-Help Groups (SHG) under the DAY-NRLM (Deendayal Antyodaya Yojana – National Rural Livelihoods Mission) from Rs. 10 lakhs to Rs. 20 Lakhs.

2. RBI has announced to levy penalties on banks in the vent where ATMs run out of cash. The scheme shall come into force from which date?

Correct! Wrong!

Answers With Explanation : (D) The Reserve Bank of India (RBI) has announced the launch of the ‘Scheme of Penalty for non-replenishment of ATMs’, as per which it will impose monetary penalties on ATMs/WLAs that run out of cash. The scheme shall come into effect from October, 01, 2021.

3. Which day of the year has been declared as the Javelin Throw Day by the Athletics Federation of India?

Correct! Wrong!

Answers With Explanation : (A) The Athletics Federation of India (AFI) has decided to name August 7 as ‘Javelin Throw Day’ in India to honour Javelin thrower Neeraj Chopra, who won India’s first Olympic gold medal in athletics at Tokyo.

4. What is the theme of this year’s meeting of India Internet Governance Forum (IIGF) -2021?

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Answers With Explanation : (D) IIGF- 2021 will be planned for three days and the theme of this year’s meeting is Inclusive Internet for Digital India. The Multi Stakeholder concept is well adopted by IGF under the United Nations.

5. Recently, Nagaland has been conferred with national awards on the first Van Dhan Annual Awards 2020-21. How many awards did Nagaland received?

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Answers With Explanation : (D) Nagaland has been conferred with seven national awards on the first Van Dhan Annual Awards 2020-21, during the celebration of 34th foundation day of Tribal Cooperative Marketing Development Federation of India Limited (TRIFED).

6. Which country has granted a patent relating to a “food container based on fractal geometry” to an AI system called DABUS?

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Answers With Explanation : (B) South Africa grants a patent relating to a “food container based on fractal geometry” to an artificial intelligence (AI) system called DABUS. DABUS (which stands for “device for the autonomous bootstrapping of unified sentience”) is an AI system created by Stephen Thaler, a pioneer in the field of AI and programming.

7. Which social media platform is launching a one-year joint initiative with UNICEF India for child welfare?

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Answers With Explanation : (C) Facebook is launching a one-year joint initiative with UNICEF India on ending violence against children with a special focus on online safety. The partnership seeks to create a safe environment for children online as well as offline, and aims to improve the ‘resilience’ and ‘capacity’ of children to access the digital world safely as well as increase skills of communities.

8. Mohammad Mokhber has been named as the Vice President of which country?

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Answers With Explanation : (A) Iran’s new President Ebrahim Raisi named the chairman of a powerful state-owned foundation sanctioned by the United States as his first vice-president. Mohammad Mokhber, has for years headed the foundation known as Setad, or the Execution of Imam Khomeini’s order. Mokhber was appointed to the position by the supreme leader Ayatollah Ali Khamenei in 2007

9. Who among the following has been roped in by RBI for banking fraud awareness campaign?

Correct! Wrong!

Answers With Explanation : (D) The Reserve Bank of India (RBI) has started a public awareness campaign to warn people against digital banking frauds. For the new campaign, RBI has roped in Olympic Gold medalist Neeraj Chopra.

10. Prime Minister Narendra Modi has announced a Rs _________ National Edible Oil Mission-Oil Palm (NMEO-OP).

Correct! Wrong!

Answers With Explanation : (C) Prime Minister Narendra Modi has announced a Rs 11,000 crore National Edible Oil Mission-Oil Palm (NMEO-OP) to make India self-sufficient in cooking oils, including palm oil. The government will ensure that farmers get all the facilities, from quality seeds to technology under the mission.

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