Daily GK and Current Affairs Quiz – 27th August 2021

Correct Answer: D. Bengaluru

Explanation: Hydrogen Storage In Renewable Energy

US-based Ohmium International has started India’s first green hydrogen electrolyzer manufacturing unit at Bengaluru, Karnataka. The factory will manufacture India-made Proton Exchange Membrane (PEM) hydrogen electrolyzers. Green hydrogen is made from non-fossil sources as against blue hydrogen that is made from fossil sources. Making green hydrogen in India will give a cost advantage for manufacturers rather than going for imports.

About the gigafactory:

The gigafactory will manufacture India-made Proton Exchange Membrane (PEM) hydrogen electrolyzers with an initial manufacturing capacity of about 500 MW per year and will scale it up to 2 GW per year. The PEM hydrogen electrolyzer is the main equipment for the production of green hydrogen as it uses power generated from renewable resources to break water into hydrogen and oxygen.

Correct Answer – B. GUAREX

Explanation: India’s first sectoral index in the Agri commodities basket i.e. GUAREX was launched by the National Commodity and Derivatives Exchange Limited (NCDEX). GUAREX is a price based sectoral index that tracks the movement in the futures contracts of guar gum refined splits and guar seed on a real-time basis.This index product will offer a lot of opportunities to the value chain.The weightage of guarseed and guar gum refined splits in the index will be 63 per cent and 37 per cent, respectively. The index futures will be cash-settled. Initially, Guarex futures contracts expiring in September and October will be made available for trading.

India is the world’s largest guar producer accounting for 80-85 per cent of the output, while Rajasthan is the country’s top producer with 80 per cent market share. Guar seed was sown on 1.81 million hectares so far this year, down from 2.25 million hectares logged in the same period last year.

Important Points:

• NCDEX CEO: Vijay Kumar Venkataraman;
• NCDEX Founded: 15 December 2003;
• NCDEX Headquarters: Mumbai.

Correct Answer – C. 5th

Explanation: The 5th edition of Indo- Kazakhstan Joint Training Exercise, “KAZIND-21” will be held from August 30 to September 11, 2021, at Training Node, Aisha Bibi, Kazakhstan. The joint training exercise will boost the bilateral relations between India and Kazakhstan Armies. The Exercise is also a platform for the Armed Forces of India & Kazakhstan to train for Counter Insurgency/ Counter-Terrorism operations in the mountainous, rural scenarios under UN mandate.The Indian Army contingent represented by a battalion of the Bihar Regiment consists of a total of 90 personnel led by a Contingent Commander. The Kazakhstan Army will be represented by a company group. The scope of Joint Exercise includes professional exchange, planning & execution of the operation in counterterrorism environment at sub-unit level and sharing expertise on skills at arms, combat shooting and experiences in Counter Insurgency/ Counter-Terrorism operations.

Important Points:

• Kazakhstan PM: Askar Mamin,
• Capital: Nur-Sultan,
• Currency: Kazakhstani Tenge

Correct Answer – C. BharatPe

Explanation: BharatPe has launched a “12% Club” app that will allow consumers to invest and earn up to 12 per cent annual interest or borrow at a similar rate. BharatPe has partnered with LenDenClub (RBI-approved NBFC) for this app and lending arrangement. Consumers can invest their savings anytime by choosing to lend money on the “12% Club” app. Apart from this, consumers can avail of collateral-free loans of up to Rs 10 lakh on the 12 per cent Club app for a tenure of 3 months.

Important Points:

• Chief Executive Officer of BharatPe: Ashneer Grover;
• Headoffice of BharatPe: New Delhi;
• BharatPe Founded: 2018.

Correct Answer- B. Ministry of Jal Shakti

Explanation: Ministry of Jal Shakti has launched a ‘100 days campaign’ named SUJALAM to create more and more Open Defecation Free (ODF) Plus villages by undertaking wastewater management at the village level. The Campaign would help in the management of the wastewater and in turn, would help to revive the water bodies through the creation of 1 million Soak-pits and also other Greywater management activities. The campaign started on August 25, 2021, is part of the ‘Azadi Ka Amrit Mahotsav’ celebrations.

The three focus areas of the SUJALAM campaign are:

• Construction of 1 million soak pits;
• Retrofitting of toilets and
• Access to toilets for new households.

Important Points:

• Minister of Jal Shakti: Gajendra Singh Shekhawat

Correct Answer – C. G Sathiyan

Explanation: India’s top paddler G Sathiyan has won Czech International Table Tennis Federation tournament tournament at Olomouc in Czech Republic, after beating Yevhen Ryshchepa of Ukraine in straight sets 11-9, 11-6, 11-6,14-12.This is only his third ITTF Challenger title following triumphs in Belgium Open 2016 and Spanish Open 2017.Prior to this, he paired up with Manika Batra to win mixed doubles title at WTT Contender in Budapest.

Correct Answer – A. Carol Furtado

Explanation: Ujjivan Small Finance Bank has named Carol Furtado as interim CEO of the Bank after whole time CEO Nitin Chugh resigned recently with effect from 30th September 2021.She has been appointed as the officer on special duty (OSD) of the bank.She is currently serving as the CEO of Ujjivan Financial Services.Her appointment is subject to the approval of the Reserve Bank of India.Ujjivan SFB Headquarters: Bengaluru.

Correct Answer – A. Ajay Kumar

Explanation: Ajay Kumar has been appointed as the Executive Director (ED) of Reserve Bank of India with effect from August 20, 2021.Prior to being promoted as ED, he was heading the New Delhi Regional Office of RBI as Regional Director.He has served RBI for three decades in areas like foreign exchange, banking supervision, financial inclusion, currency in management, etc.

Correct Answer – D. Abidjan, Cote d’Ivoire

Explanation:  India has been elected to the Council of Administration(CA) at 27th Universal Postal Union (UPU) Congress in Abidjan.India with 134 votes got highest votes in CA elections from South Asia and Oceania region.India was also elected with 106 votes out of 156 countries to the Postal Operations Council (POC) at the 27th UPU Congress in Abidjan.India’s election to the Council of Administration and the Postal Operations Council of Universal Postal Union yesterday is noteworthy.

Correct Answer – C. Bajaj Finserv Ltd

Explanation: The Securities and Exchange Board of India (SEBI) provided the in-principle approval to Bajaj Finserv Ltd for launching the mutual fund (MF) business.As per the SEBI’s regulations, the company would now set up an Asset Management Company (AMC) and the Trustee Company directly or indirectly (i.e. by itself or through its subsidiary) to sponsor MF.In December 2020, SEBI has eased the MF business regulations and allowed the sponsors who do not fulfill profitability criteria at the time of making an application will also be considered to be eligible to sponsor a MF.This regulation has enabled the fintechs to take part in the MF business.To sponsor MF, the fintech company should have a net worth of Rs 100 crore for contribution towards the net-worth of the AMC. The AMC should maintain this networth till it has profits for 5 consecutive years.

Correct Answer – C. 5

Explanation: The Central Government has notified the appointment of five additional judges of the Calcutta High Court as permanent judges. The Judges are Rajasekhar Mantha, Sabyasachi Bhattacharyya, Mrs.Moushumi Bhattacharya, Shekhar Bobby Saraf, and Rajarshi Bharadwaj. The appointments have been made in In exercise of the power conferred by clause (1) of Article 224 of the Constitution of India. According to the Ministry, the appointment of Sugato Majumdar and Bivas Pattanayak as Additional Judges of Calcutta High Court would be for a period of two years with effect from the date they assume charge of their respective offices. Meanwhile, the period of appointment of Kesang Doma Bhutia, Rabindranath Samanta and Ananda Kumar Mukherjee as Additional Judges of Calcutta High Court would be till May 4 2022, June 23, 2023 and August 4, 2022, respectively with effect from the date they assume charge of their offices.

Correct Answer – B. Mansukh Mandaviya

Explanation: Union Health Minister Mansukh Mandaviya on 26 August 2021 took charge as the Chairman of Stop TB Partnership Board (STBPB). He will hold the responsibility until 2024. The Stop TB Partnership is a United Nations-hosted partnership program that aims to fight against tuberculosis collectively. StopTB Board supports global efforts in achieving the UN goal to end TB by 2030. The Stop TB Partnership also welcomed the incoming Board Vice-Chair Austin Arinze Obiefuna, Executive Director of Afro Global Alliance. He will take over as the Board Vice-Chair from 1st January 2022 for a period of three years.

Correct Answer – B. Cricket

Explanation:  Former England captain Ted Dexter passed away in August 2021 at the age of 86. He had also served as the President of the Marylebone Cricket Club (MCC) as well as chairman of England selectors. In June 2021, Dexter was inducted into the ICC Hall of Fame as a special inductee ahead of the inaugural World Test Championship final in Southampton.

Correct Answer – C. 40

Explanation: Bangladesh has received 40 life support ambulances gifted by India through the Benapole land port on 26 August 2021. These ambulances are intended to support the Bangladesh government’s extensive effort to combat the Covid-19 pandemic and underline India’s continuing and long-term commitment to partner with the fraternal people of Bangladesh. With this, Bangladesh has received a total of 71 ambulances till now. These life support ambulances are part of the gift of 109 ambulances announced during the visit of Prime Minister Narendra Modi in March 2021. The  first consignment of 31 ambulances was handed over to Bangladesh on 17th of August. The remaining 38 ambulances are expected to arrive in Dhaka by mid September.