Current Affairs Quiz: September 2, 2021

Current Affairs 2 September 2021 Quiz

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Quiz from Current Affairs 1 September 2021 of A2Z – Click Here to Read Current Affairs of September 1, 2021

1. In August 2021, the Finance Ministry released over how much amount to 25 states for providing grants to the Rural Local Bodies as per the recommendations of the 15th Finance Commission?
   A) Rs 25,655 cr
   B) Rs 13,385 cr
   C) Rs 16,245 cr
   D) Rs 22,095 cr
   
   View Answer

   Option B
   Explanation:
   The Finance Ministry has released over 13 thousand 385 crore rupees to 25 states for providing grants to the Rural Local Bodies. The grants have been released as per the recommendations of the 15th Finance Commission.
   
2. Indian Air Force signed an in-principle agreement with which union territory to set up India’s first Air Force Heritage Centre in the UT?
   A) Puducherry
   B) Ladakh
   C) Chandigarh
   D) Delhi
   
   View Answer

   Option C
   Explanation:
   For setting up the country’s first Air Force Heritage Centre, the Chandigarh administration and Indian Air Force signed an in-principle agreement. The centre will come up at the Government Press Building, Sector 18. The IAF will design the museum, for which it will hire a consultant. Depending upon the space and design, the number and type of vintage aircraft will be selected.
   
3. The maximum age of joining National Pension Scheme (NPS) has been increased to what from 65 years by the Pension Fund Regulatory and Development Authority (PFRDA)?
   A) 34
   B) 70
   C) 60
   D) 65
   
   View Answer

   Option B
   Explanation:
   In a huge relief to pension subscribers in National Pension Scheme (NPS), the Pension Fund Regulatory and Development Authority (PFRDA) has revised the rules for those joining it after 65 years of age. In a set of new rules, PFRDA has permitted them to allocate up to 50% of the funds in equity, besides easing the exit norms. The pension fund has revised the guidelines on entry and exit following an increase in the maximum age for joining the NPS from 65 years to 70 years of age. The entry age for NPS has been revised to 18-70 years from 18-65 years. The maximum equity exposure, however, will be only 15%, if subscribers joining NPS beyond the age of 65 years decide to invest under the default ‘Auto Choice’.
4. On the occasion of the 125th birth anniversary of Srila Bhaktivedanta Swami Prabhupada, the founder of the Hare Krishna movement, Prime Minister Narendra Modi released a special commemorative coin of what denomination?
   A) 100 Rupees
   B) 125 Rupees
   C) 90 Rupees
   D) 50 Rupees
   
   View Answer

   Option B
   Explanation:
   Prime Minister Narendra Modi released a special commemorative coin of Rs 125 on the occasion of the 125th birth anniversary of Srila Bhaktivedanta Swami Prabhupada, the founder of the Hare Krishna movement, through videoconferencing.
   
5. About how much amount has been transferred to the bank accounts of the pregnant women and lactating mothers under the Pradhan Mantri Matru Vandana Yojana as notified by the Women and Child Development ministry till August 2021?
   A) Rs. 3300 Crore
   B) Rs. 6500 Crore
   C) Rs. 8800 Crore
   D) Rs. 8500 Crore
   
   View Answer

   Option C
   Explanation:
   Women and Child Development Minister Smriti Irani has said nutrition has to be affordable and locally available to the needy people. She said, over eight thousand 800 crore rupees have been transferred to the bank accounts of the pregnant women and lactating mothers under the Pradhan Mantri Matru Vandana Yojana.
6. Which country hosted the 8th Meeting of Agriculture Experts of Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) Countries virtually?
   A) UAE
   B) Australia
   C) India
   D) Sydney
   
   View Answer

   Option C
   Explanation:
   India hosted the 8th Meeting of Agriculture Experts of Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) Countries virtually. Dr Trilochan Mohapatra, Director General of Indian Council of Agricultural Research chaired the daylong meeting.
   
7. Which state government launched a new programme- ‘Mission Vatsalya’- in order to help women who have lost their husbands due to COVID?
   A) Maharashtra
   B) Rajasthan
   C) Punjab
   D) Haryana
   
   View Answer

   Option A
   Explanation:
   In a bid to help women who have lost their husbands due to COVID, the Maharashtra government launch a special mission to serve around 18 benefits, schemes, services to them under one roof. A new programme- ‘Mission Vatsalya’- has been designed for widows, especially from rural areas who come from poor backgrounds and deprived sections.
8. With which country’s Navy ship ‘Ezzadjer’, Indian Naval Ship (INS) Tabar participated in a Maritime Partnership Exercise?
   A) Fiji
   B) Algeria
   C) Botswana
   D) Cameroon
   
   View Answer

   Option B
   Explanation:
   As part of the ongoing goodwill visit to Europe and Africa, the Indian Naval Ship (INS) Tabar participated in a Maritime Partnership Exercise with the Algerian Navy ship ‘Ezzadjer’. INS Tabar, as part of her overseas deployment, made a port call at Casablanca in Morocco and participated in a Maritime Partnership Exercise with Royal Moroccan Navy ship “Lieutenant Colonel Arrahman” off Casablanca port.
9. Where did the 6th Eastern Economic Forum EEF Summit held?
   A) UAE
   B) India
   C) Italy
   D) Russia
   
   View Answer

   Option D
   Explanation:
   Petroleum Minister Hardeep Singh Puri lead an official and business delegation to Russia to participate in the 6th Eastern Economic Forum EEF Summit in Vladivostok.
   
10. How much amount loan agreement has been signed between Japan International Cooperation Agency (JICA) and India’s Northern Arc Capital (NAC) to fund non-bank financial entities that provide financial services to women?
    A) $25 Million
    B) $30 Million
    C) $50 Million
    D) $90 Million
    
    View Answer

    Option C
    Explanation:
    The Japan International Cooperation Agency (JICA) has signed a 50 million dollar (about Rs 368 crore) loan agreement with Northern Arc Capital (NAC), an Indian financial institution, to fund non-bank financial entities that provide financial services to women.
    
11. Where did the IDBI Intech Ltd. successfully implemented their iAML (Anti Money Laundering) solution?
    A) HDFC ERGO General Insurance
    B) ICICI Lombard General Insurance
    C) Life insurance corporation
    D) SBI General Insurance
    
    View Answer

    Option C
    Explanation:
    IDBI Intech Ltd., the technology led business transformation organisation offering specialised solutions in the Banking, Financial Services and Insurance (BFSI) verticals has successfully implemented their iAML (Anti Money Laundering) solution at India’s insurance giant, the Life Insurance Corporation of India (LIC).
    
12. Which institute collaborated with National Payments Corporation of India (NPCI) to jointly offer an advanced executive program in cybersecurity?
    A) IIIT Allahabad
    B) IIIT Hyderabad
    C) IIIT Bangalore
    D) IIIT Lucknow
    
    View Answer

    Option C
    Explanation:
    The International Institute of Information Technology (IIIT) Bangalore and National Payments Corporation of India (NPCI) will jointly offer an advanced executive program in cybersecurity.
    
13. According to Moody’s ‘Global Macro Outlook 2021-22’ report, what is the India’s growth forecast for the year 2021?
    A) 9.6%
    B) 5.9%
    C) 8.2%
    D) 7.5%
    
    View Answer

    Option A
    Explanation:
    Moody’s Investors Service has retained India’s growth forecast for the calendar year (CY) 2021 at 9.6 per cent, in its August update to ‘Global Macro Outlook 2021-22’ report. The GDP growth forecast for calendar year 2022 is retained at 7 percent.
14. In the Rabobank’s 2021 Global Top 20 Dairy Companies list, which is topped by France’s Lactalis, India’s Amul has been placed at which position?
    A) 4TH
    B) 18TH
    C) 22ND
    D) 1ST
    
    View Answer

    Option B
    Explanation:
    Amul, Gujarat Cooperative Milk Marketing Federation (GCMMF) has dropped two places to rank 18th in the Rabobank’s 2021 Global Top 20 Dairy Companies list. Amul was placed at 16th spot in 2020.Amul has achieved an annual turnover of $5.3 billion. French-based dairy company Lactalis has topped the list as the world’s largest dairy company with a turnover of US $23.0 billion.It has unseated Switzerland-based global behemoth Nestle, which dominated the list for decades.
    
15. According to the data by Ministry of Statistics and Programme Implementation, the gross domestic product, GDP, of the country surged what percent in the April-June quarter of 2021?
    A) 20.1 %
    B) 15 %1
    C) 10 %
    D) 12 %
    
    View Answer

    Option A
    Explanation:
    The gross domestic product, GDP, of the country surged 20.1 percent in the April-June quarter of the current fiscal. According to the Ministry of Statistics and Programme Implementation data released, its best-ever fiscal-quarter numbers.
    
16. Which company will acquire digital payments provider BillDesk for USD 4.7 billion?
    A) PayU
    B) Paytm
    C) Phonepay
    D) Google Pay
    
    View Answer

    Option A
    Explanation:
    In one of the biggest deals in the Indian consumer internet space, global player Prosus NV said its fintech business PayU will buy digital payments provider BillDesk for USD 4.7 billion (about Rs 34,376.2 crore). With the deal, the Netherlands-incorporated Prosus NV’s investment in India will jump to more than USD 10 billion.
    
17. Which institute has developed e-waste, an online platform to tackle e-waste with the help of Indo-German Centre for Sustainability (IGCS)?
    A) IIT, Madras
    B) IIT, Mumbai
    C) IIT, Roorkee
    D) IIT, Kanpur
    
    View Answer

    Option A
    Explanation:
    The Indian Institute of Technology Madras is developing an online platform to tackle e-waste. Called e-Source, it will link stakeholders in the formal and informal economy. The Indo-German Centre for Sustainability (IGCS) is spearheading the initiative, which aims to connect buyers and sellers of used and waste electronic equipment.
    
18. Who won the Noisiel International Open 2021 Chess Tournament?
    A) Raunak Sadhwani
    B) Nihal Sarin
    C) Gukesh D
    D) P Iniyan
    
    View Answer

    Option D
    Explanation:
    Indian Grandmaster P Iniyan won the Noisiel International Open 2021 Chess Tournament, scoring eight points from nine rounds in the Classical event after securing the top prize in the Blitz section.
    
19. Recently, which South African pacer has announced his retirement from all forms of cricket?
    A) Vernon Philander
    B) Jacques Kallis
    C) Dale Steyn
    D) JP Duminy
    
    View Answer

    Option C
    Explanation:
    South African pacer Dale Steyn has announced his retirement from all forms of cricket.