2023-August-Part-3

1. Which company has recently (in August ‘23) launched “Neerakshi”( ”(Eyes in the Water)),
India’s 1st indigenous Autonomous Underwater Vehicle (AUV) to detect mines?
1) Mazagon Dock Shipbuilders Ltd 2) Larsen & Toubro Ltd 3) Cochin Shipyard Ltd 4) Garden
Reach Shipbuilders & Engineers Ltd 5) Goa Shipyard Hindustan Shipyard Ltd
 It is developed through collaboration between Kolkata-based warship maker GRSE Ltd
and Micro, Small & Medium Enterprises (MSME) entity Aerospace Engineering Private
Ltd (AEPL).
2. Name the Railway Station that has recently (in August ‘23) became the 3rd Pink Station in
Central Railway (CR).
1) Chhatrapati Shivaji Railway Station 2) Dadar Railway Station 3) Ghatkopar Railway Station
4) New Amravati Railway Station 5) Kandivali Railway Station
 New Amravati Railway Station (Amaravti, Maharashtra) became the 3rd station within
Central Railway (CR) and the 1st station in Bhusaval Division of CR to be designated as
a Pink Station, fully managed by women staff.
 Central Railway became the first zone of the Indian Railways to set up all women
managed stations.
 Matunga suburban station in Mumbai division became the 1st railway station in India to
be operated by an all-woman staff in July 2017, followed by Ajni station in the Nagpur
division in 2018
3. Which state govt launched the Sinh Suchna Web application on the occasion of World Lion day
celebrated on 10th August 2023?
 Lion was chosen as the emblem for Make in India initiative (2014).
 In recognition of endangered status on the International Union for Conservation of Nature
(IUCN)’s Red List of threatened species, the Union government has allocated Rs 2,900
crore under Project Lion for the conservation of Asiatic lions.
 On the occasion, Prime Minister also launched “Lion @ 47: Vision for Amrutkal” to
secure & restore lions’ habitats
 ‘World Lion Day’ was launched and the first Lion Day was observed in 2013.
4. Which of the following points is ‘Incorrect’ with respect to the 3rd Bi-Monthly Monetary Policy
statement for FY24 released by RBI in August 2023?
1) The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) kept the Policy Repo
Rate at 6.50%.
2) The Reverse Repo Rate are kept at 3.35% & the Marginal Standing Facility (MSF) Rate are
kept 6.75%
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3) The Bank Rate is kept at 6.25%.

4) India’s real Gross Domestic Product (GDP) growth retained at 6.5% in FY24 (2023-24).
5) Consumer Price Index (CPI) inflation is projected at 5.4% for FY24 from the 5.1% forecast in
June 2023.
Note:
 Category Rates Policy Repo Rate 6.50%
 Reverse Repo Rate 3.35%
 Marginal Standing Facility (MSF) Rate 6.75%
 Standing Deposit Facility (SDF) Rate 6.25%
 Bank Rate 6.75%
 Cash Reserve Ratio (CRR) 4.50%
 Statutory Liquidity Ratio (SLR) 18%

5. Identify the Correct statements:

A. In order to encourage wider adoption of UPI (Unified Payments Interface) Lite, RBI has
increased the transaction limit to Rs 500 from Rs 200. This will eliminate the need for
multiple transactions for users.
B. RBI proposed to introduce Near Field Communication (NFC) technology to facilitate
offline payments. This move aims to support digital payments when internet connectivity
is weak or not available, ensuring swift transactions with fewer declines.
C. RBI plans to introduce ‘conversational payments’ on UPI, allowing users to securely
initiate and finalize transactions through AI-powered conversations. This feature will be
accessible on both smartphone and feature phone UPI platforms, aiding the expansion of
digital adoption across India. Initially in Hindi and English, it will later be available in
additional Indian languages.
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D. All are true

E. None.
6. On August 10, the Reserve Bank of India (RBI)asked banks to maintain an incremental Cash
Reserve Ratio (ICRR) of 10 per cent on the increase in their deposits between May 19 and July
28: Identify the Correct statements
A. Before moving on to incremental cash reserve ratio (ICRR), we need to understand the cash
reserve ratio first (CRR). Banks are required to maintain liquid cash amounting to a certain
proportion of their deposits and certain other liabilities with the RBI. This is a tool at the
disposal of the RBI to control the liquidity in the economy and can also act as a buffer in
periods of bank stress.
B. Banks are currently required to maintain 4.5 per cent of their Net Demand and Time
Liabilities as CRR with the RBI.
C. RBI has the option to impose incremental credit reserve ratio, in addition to the CRR, in
periods of excess liquidity in the system and the central bank is now exercising it. What this
means is that banks will now have to park more liquid cash with the RBI.
D. RBI has stated in its monetary policy that from August 12, 2023, all scheduled banks should
maintain an additional cash reserve ratio amounting to 10 per cent of the increase in their net
demand and time liabilities (NDTL) between May 19, 2023 and July 28, 2023.
E. It may be recalled that the RBI had announced the withdrawal of the ₹2,000 notes in this
period and this had resulted in banks witnessing large deposit inflows. RBI is trying to pull
out some of this money from the system.
F. The central bank is however assuring banks that this is a temporary measure and that the
ICRR will be reviewed on September 8, 2023. If liquidity balance is restored by then, the RBI
may return the funds back to the banks ahead of the festival season so that credit growth in
the economy is not affected.
G. All are true.

7. The Reserve Bank of India (RBI) has issued revised guidelines for Infrastructure Debt Fund-
NBFCs (IDF-NBFCs) with the aim of enhancing their role in financing the infrastructure sector.

A. According to the new norms, IDF-NBFCs must have a minimum net owned fund
(NOF) of Rs 300 crore and a capital-to-risk weighted assets ratio (CRAR) of at
least 15%, with a minimum Tier 1 capital of 10%.
 2023-August-Part-3

B. They will be allowed to raise funds through rupee or dollar-denominated

bonds with at least a five-year maturity
C. Infrastructure Debt Fund-Non-Banking Financial Companies (IDF-NBFCs) are
specialized financial entities registered as NBFCs with the purpose of facilitating the flow
of long-term debt into infrastructure projects.
D. They raise funds by issuing bonds, typically with a minimum maturity of five years,
to support infrastructure development.
E. These entities play a crucial role in financing large-scale infrastructure projects in
sectors like transportation, energy, and telecommunications.
F. All are true.

8. Which of the following points is/are “correct” with respect to the National Space Innovation
Challenge 2023 (NSIC 2023) held in August 2023?
A) Atal Innovation Mission (AIM) partnered with the Indian Space Research Organisation
(ISRO) and Navars Edutech Private Limited to launch the National Space Innovation Challenge
2023 (NSIC 2023).
B) NSIC 2023 is a national-level campaign designed to bridge the gap in the Indian space
economy and the future space workforce and encourage future space entrepreneurs.
C) Navars Edutech is a leading space education company based in Hyderabad, Telangana.
1) Only A 2) Only A & B 3) Only B & C 4) Only A & C 5) All A, B & C
9. Name the Naval Exercise that recently (in August ‘23) saw the participation of the Indian Navy
(IN) and United Arab Emirates (UAE) Navy in Dubai, UAE?
1) Exercise Khanjar 2) Exercise Ajeya Warrior 3) Exercise Zayed Talwar 4) Exercise Kakadu 5)
Exercise Zair-Al-Bahr
10. Which country’s men’s hockey team has recently (In August ‘23) won the Asian Champions
Trophy Chennai 2023 by Defeating Malaysia?
1) China 2) India 3) Pakistan 4) Japan 5) South Korea
Position: 1 India (Gold) 2 Malaysia (Silver) 3 Japan (Bronze)
11. What was the theme of International Youth Day 2023 that was observed across the globe by the
United Nations (UN's) on 12th August 2023?
1) Safe Spaces for Youth 2) Transforming education 3) Green Skills for Youth: Towards a
Sustainable World 4) Intergenerational solidarity: creating a world for all ages 5) Youth
Engagement for Global Action
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 The 2023 Theme of International Youth Day is "Green Skills for Youth: Towards a
Sustainable World".
 The first International Youth Day was observed on 12th August 2000.
12. 2023 Independence Day signified the theme Nation First, Always First under the ‘Azadi Ka
Amrit Mahotsav’ celebrations, which began in 2021. This theme reflects the nation's commitment
to putting its people and their well-being at the forefront of its endeavors.
 The year 2023 marked the 76th anniversary of Indian Independence, as the first anniversary
was marked a year from the actual year that is 1948. Hence, India celebrated its 77th
Independence Day and 76th Independence Day anniversary in 2023.
 In 2023, PM Modi has also introduced the “HAR GHAR TIRANGA” means “Every Home, a
Tricolor” campaign, encouraging the public to proudly hoist the tricolor flag on Independence
Day.
13. Which port has recently (in August ‘23) become the fastest Major Port by clocking record cargo
throughput of 50.16 MMT Cargo in current fiscal (2023)?
1) Jawaharlal Nehru Port 2) Paradip Port 3) Deendayal Port 4) Visakhapatnam Port 5) V.O.
Chidambaranar Port
 Paradip Port, Odisha became the fastest Major Port by clocking record cargo throughput of
50.16 MMT Cargo in current fiscal (2023), exhibiting 6.5% growth over the corresponding
period of previous fiscal.
 This feat has been achieved by the Port in 129 days in the current fiscal compared to 140 days
during the previous year.
14. Which state’s Road Transport Corporation has recently (in July ‘23) won Asia's Best Brand
Employer Award under the 'Organisation with Innovative HR Practices' category?
1) Tamil Nadu 2) Kerala 3) Telangana 4) Andhra Pradesh 5) Karnataka
15. Bank of Baroda (BoB) intended to sell up to ____________ of its ownership in the credit card
division BOB Financial Solutions Ltd.
1) 30% 2) 25% 3) 49% 4) 51% 5) 35%
16. Which state government has recently (in August ‘23) launched the Gramin Mitra scheme to
provide doorstep delivery of government services across the state & promote digital
empowerment in rural areas?
1) Maharashtra 2) Goa 3) Karnataka 4) Andhra Pradesh 5) Telangana
17. In August 2023, ____________, Indian football player & Former Indian captain passed away.
1) Subhash Bhowmick 2) Mahesh Gawli 3) Mohammed Habib 4) Pradip Kumar Banerjee 5)
Bhaichung Bhutia
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18. In August 2023, Zerodha Broking Limited received final approval from Securities and Exchange
Board of India (SEBI) to launch an Asset Management Company (AMC) – Zerodha Asset
Management Private Limited called as “Zerodha Fund House”. Who has been appointed as the
Chief Executive Officer (CEO) of Zerodha Fund House?
1) Seema Patil 2) Nikhil Kamath 3) Shrikant Pandit 4) Vishal Jain 5) Vasanth Kumar Jayapal
19. The Union Cabinet approved the bus scheme for augmenting city bus operation by 10,000 ebuses
(electric buses). The Scheme will support bus operations for 10 years till 2037, Its estimated cost
is Rs 57,613 crore, out of which support of Rs 20,000 crore will be provided by the Central
government, and the rest will be borne by the State Governments. The scheme will cover cities of
3 lakh and above population as per census 2011 including all the Capital cities of Union
Territories (UTs), North Eastern Region (NER) and Hill States. Under Segment A, 10,000 e-
buses will be deployed on PPP model in 169 cities. Under Segment B, Infrastructure will be
upgraded in 181 cities under the Green Urban Mobility Initiatives (GUMI), what is the name of
the scheme?
A. ‘PM-eBus System’
B. ‘PM-eBus Sewa’
C. ‘PM-eBus Sahayak’
D. ‘PM-eBus Swachatha’
E. ‘PM-eBus Society’
20. The Artisans and Craftsmen in India have been disappearing since British times. The Government
of India is trying to boost its economic status and keep the age-old arts and traditional crafts alive
by different means. The Union Cabinet has approved recently which Yojana to benefit
individuals skilled in traditional craftsmanship/artisan works. These include Weavers, goldsmiths,
blacksmiths, laundry workers, barbers, and such families?
21. Which state government has recently (in August ‘23) announced a plan to establish India’s first
Common Testing Centre for Unmanned Aerial Systems (UAS) (drones) under the Defence
Testing Infrastructure Scheme (DTIS)?
1) Tamil Nadu 2) Maharashtra 3) Odisha 4) Andhra Pradesh 5) Uttar Pradesh
22. The Directorate General of Civil Aviation (DGCA) has recently (in August ‘23) set up a 4
member committee to provide suggestions for achieving gender equality in the aviation sector in
India. The committee is expected to formulate norms and submit them to DGCA, which the civil
aviation regulator will further circulate among aviation stakeholders to adopt and bring into
practice for gender equality. The initiative aligns with the commitment of International Civil
Aviation Organizations (ICAO), to promote the participation of women and achieve an
 2023-August-Part-3

aspirational goal, for a balanced ratio of 50-50 (women to men) by which year at all professional
and higher levels of employment in the global aviation sector?
 A report titled ‘Gender Diversity and Corporate Performance in Aviation‘ by CAPA Centre
for Aviation, consulting & research firm in May 2022, revealed that the share of women on
boards in India’s aviation sector stood at 19%.
 Among the 15 countries assessed, France stands out with the highest gender diversity of 49%
representation of women on boards.
23. Which organisation/Bank has recently approved a USD 40.5 million loan for an integrated project
focussing on Early Childhood Development (ECD) and Maternal Mental Health in Meghalaya,
India this financial support will upgrade 1,800 Anganwadi centers (AWC) and construct around
600 new AWCs in remote and challenging areas with climate-resilient designs?
1) World Health Organization 2) Asian Development Bank 3) United Nations Children's Fund 4)
New Development Bank 5) African Development Bank
24. Name the bank that has recently (in August ‘23) launched Jeevan Dhara, a unique savings bank
account designed for pensioners.
1) Canara Bank 2) Union Bank of India 3) Bank of Baroda 4) Bank of India 5) Indian Bank
25. Scientists at the Indian Institute of Astrophysics (IIA Est: 1971) have discovered a unique star
named “HE 1005-1439”. This star defies the conventional classification of stars and stands out as
a carbonenhanced metal-poor (CEMP) star, a rare class of chemically peculiar stars, CEMP stars
have [C/Fe] (Carbon/Iron) > +1, compared to the Sun CEMP stars have carbon enhanced at least
10 times more than iron, and [Fe/H] (Iron/Hydrogen) < -1, meaning that iron is less than a 10th
that in the Sun, where is the HQ of Indian Institute of Astrophysics?
26. Which attached office/Government agency of the GoI has recently (in August ‘23) launched
FloodWatch, a mobile application to provide real-time flood information and forecasts, ?
1) Central Water Commission 2) Central Water and Power Research Station 3) Central Ground
Water Board 4) NITI Aayog 5) Paani Foundation
 FloodWatch, developed by the CWC, is a user-friendly app which offers both readable
and audio broadcast.
 The app has a map of India with coloured circles at water stations across India and the
current risk of flooding.
 A ‘Green’ circle indicates ‘Normal’; Yellow, Above Normal; Orange, ‘Severe’ and Red,
‘Extreme’
27. Which Regulatory body awarded the contract worth Rs. 91 Crores to McKinsey and Company
India LLP (Limited Liable Partnership) and Accenture Solutions Private Limited India for the use
 2023-August-Part-3

of advanced analytics, artificial intelligence(AI) and machine learning(ML) to analyse its huge
database and improve regulatory supervision over banks and Non Banking Financial
Services(NBFCs). AI and ML technologies are used for real-time data reporting, effective data
management and dissemination?
28. Which of the following points is/are “correct” with respect to the initiative taken by the Reserve
Bank of India (RBI) in August 2023?
A) Reserve Bank of India (RBI) commenced its digital lending pilot project for Public Tech
Platform for Frictionless Credit which is developed by Reserve Bank Innovation Hub (RBIH).
B) RBI Governor Shaktikanta Das introduced a centralized web portal called “उद्गम UDGAM”
(Unclaimed Deposits – Gateway to Access inforMation) to simplify the process for the public to
locate their unclaimed deposits in various banks through a single platform.
C) Reserve Bank Information Technology Pvt Ltd (ReBIT), Indian Financial Technology &
Allied Services (IFTAS) and participating banks have collaborated to develop this portal.
1) Only A 2) Only A & B 3) Only B & C 4) Only A & C 5) All A, B & C
29. Name the bank that has recently (in August ‘23) partnered with Reserve Bank Innovation Hub
(RBIH) to launch Kisan Credit Card (KCC) and unsecured Micro, Small and Medium Enterprises
(MSME) loans powered by Public Tech Platform for Frictionless Credit (PTPFC).
1) IndusInd Bank 2) HDFC Bank 3) ICICI Bank 4) YES Bank 5) Axis Bank
 Axis Bank Limited has launched two new financial products, Kisan Credit Card (KCC)
and unsecured Micro, Small and Medium Enterprises (MSME) loans powered by Public
Tech Platform for Frictionless Credit (PTPFC), an initiate of Reserve Bank Innovation
Hub (RBIH), wholly owned subsidiary of the Reserve Bank of India(RBI)
 On Pilot basis, the Kisan Credit Cards (KCC) will be introduced in Madhya Pradesh
(MP). Customers can access these cards for amounts up to Rs. 1.6 lakhs.
 MSME loans will be made available across India, and this will offer loans up to Rs 10
lakh to customers. Both the products will be of fully digital process and require no
paperwork.
30. Which bank has recently (in August ‘23) launched Visa multi-branded credit card in partnership
with British Airways Executive Club and Qatar Airways Privilege Club?
1) IndusInd Bank 2) HDFC Bank 3) ICICI Bank 4) YES Bank 5) Axis Bank
31. Name the organisation that has recently (in August ‘23) developed open-source software called
‘National Carbon Registry’. This software enables countries to effectively manage national data
and processes for trading carbon credits?
1) United Nations Framework Convention on Climate Change
 2023-August-Part-3

2) International Fund for Agricultural Development

3) United Nations Environment Programme
4) United Nations Children's Fund
5) United Nations Development Programme
32. In August 2023, the Advertising Standards Council of India (ASCI) mandatory to all
finfluencers/Finance Influencers working in the banking, financial services, and insurance (BFSI)
sector offering investment advice to be registered with the _______________(Regulatory Body)
.1) Reserve Bank of India 2) Small Industries Development Bank of India 3) Insolvency and
Bankruptcy Board of India 4) Securities and Exchange Board of India 5) Employees' Provident
Fund Organisation
 The new guidelines are to safeguard consumers from the consequences of advice from
nonexperts.
 Finfluencers who have certifications from recognized institutions need to openly share
their certified expert status and their credentials.
 They should display their registration number along with name and qualifications
33. Which of the following points is/are “correct” with respect to the assent given by the President of
India Droupadi Murmu in August 2023?
A) The Indian Institutes of Management (Amendment) Act, 2023 declares IIMs as institutes of
national importance in alignment with the acts governing the Indian Institute Of Technology
(IITs) and other Institutes of National Importance.
B) The National Dental Commission Act, 2023 declares that the National Dental Commission
consists of 33 members, will be formed to replace the existing Dental Council of India (DCI) and
repeal the Dentists Bill, 1948.
C) The Offshore Areas Mineral (Development and Regulation) Amendment Act, 2023 amends
the Offshore Areas Mineral (Development and Regulation) Act, 2002 (‘OAMDR Act’), to
introduce crucial reforms in India’s offshore mining sector.
1) Only A 2) Only A & B 3) Only B & C 4) Only A & C 5) All A, B & C
34. Who has been recently (in August ‘23) appointed as the Managing Director (MD) and Chief
Executive Officer (CEO) of South Indian Bank? (Headquarters: Thrissur, Tagline: Experience
Next Generation Banking)
1) Sankara Narayanan 2) P R Seshadri 3) Murali Ramakrishnan 4) Salim Gangadharan 5) Radha
Unni