Current Affairs Quiz : August 22 2022

1.

Which country recently (in Aug ‘22) conducted military exercise ‘Udarashakti’ along with India?

   A.) Malaysia
   B.) Singapore
   C.) France
   D.) Bangladesh

Answer: Option 'A'

Malaysia

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2.

Which organisation was recently (in Aug ‘22) signed an MoU with J&K Grameen Bank to Finance 700 Joint Liability Groups (JLGs) in J&K & Ladakh?

   A.) Reserve Bank of India
   B.) Securities and Exchange Board of India
   C.) Insurance Regulatory and Development Authority
   D.) National Bank for Agriculture and Rural Development

Answer: Option 'D'

National Bank for Agriculture and Rural Development


The National Bank for Agriculture and Rural Development (NABARD), Jammu & Kashmir (J&K) regional office and J&K Grameen Bank signed an MoU on promotion and financing of 700 Joint Liability Groups (JLGs) in the conference hall of NABARD, J&K Regional Office.
i. Objective – To enhance the flow of credit to tenant farmers, oral lessees, sharecroppers and such others and to meet the credit requirements of the lower strata of the society by formation and credit linkage of JLGs.

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3.

In August 2022, ReNew Power raised a _________ project loan through External Commercial Borrowings (ECB) for Battery-Enabled Project.

   A.) USD 1 billion
   B.) USD 3 billion
   C.) USD 4 billion
   D.) USD 2 billion

Answer: Option 'A'

USD 1 billion
Gurgaon based ReNew Power, has raised a USD 1 billion project loan through External Commercial Borrowings (ECB) in partnership with 12 international banks for the finance.
i. This is the single largest renewable energy project with 1,300 MW capacity with round-the-clock (RTC) power supply, battery enabled hybrid capacity.
ii. ReNew Power will use the funding of 1 billion for its upcoming hybrid battery-enabled RTC project. The project will provide power to SECI at Rs 2.90 per unit with 3 percent escalation annually for 15 years.

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4.

Which of the following Indian badminton players was ‘not’ appointed as the brand ambassadors of Mastercard in India?

   A.) PV Sindhu
   B.) Kidambi Srikanth
   C.) Satwiksairaj Rankireddy
   D.) Lakshya Sen

Answer: Option 'A'

PV Sindhu
Mastercard Inc. is an American multinational financial services corporation, has appointed Indian badminton players Lakshya Sen, Kidambi Srikanth, Satwiksairaj Rankireddy and Chirag Shetty as brand ambassadors of Mastercard in India.
About the Ambassadors:
Lakshya Sen and Kidambi Srikanth, won the First & Second Men’s Singles in the Thomas Cup 2022 while Satwiksairaj Rankireddy and Chirag Shetty won the First Doubles game.
Satwiksairaj Rankireddy and Chirag Shetty won the gold medal in the 2022 Commonwealth Games while Lakshya Sen won the gold medal in Men’s singles and Kidambi Srikanth won the bronze medal in the men’s singles.

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5.

 __________ became the 1st Country to offer Period Products Free for All by passing a law, the Period Products (Free Provision) Act 2021.

   A.) France
   B.) Spain
   C.) Germany
   D.) Scotland

Answer: Option 'D'

Scotland
The Scottish government became the 1st country in the world to legally protect the right to access free period products by passing a law, the Period Products (Free Provision) (Scotland) Act 2021 that came into force on 15th August 2022.
i. The Scottish government had already been investing funds since 2017 to provide free period products in educational institutions.
Note – New Zealand and Kenya distributes period products for free in public schools.

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6.

Who was recently (in Aug ‘22) appointed as the Managing Director (MD) and Chief Executive Officer (CEO) of Bharti Airtel for the period of five years?

   A.) Gopal Vittal
   B.) Ravinder Takkar
   C.) Balesh Sharma
   D.) Sushil Agarwal

Answer: Option 'A'

Gopal Vittal
Bharti Airtel’s (Airtel) shareholders have reappointed Gopal Vittal as the Managing Director (MD) and Chief Executive Officer (CEO) of Bharti Airtel for the span of five years with the effect from February 1, 2023 to January 31, 2028.
i. Gopal Vittal was also approved for the special resolution related to the payment of his remuneration as MD and CEO of the company with 89.57 per cent votes in favour and 10.42 per cent votes in against.
Note: Gopal Vittal was first appointed as CEO of Airtel on March 1, 2013, then he was re-appointed with effect from February 2018 for 5 years, (up to January 31, 2023).

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