Current Affairs Questions and Answers 20 August 2023

Table of Contents

20 August 2023 Current Affairs Questions And Answers: Here, we are providing the Current Affairs Questions and Answers for 20 August 2023. These types of topics are important for candidates who prepare for Bank Exam 2023. In this article, we are covering the following topics Headlines:

Bhagwan Birsa Munda Jodaraste Scheme
India and Trinidad and Tobago
GDP growth rate for India
RBI Innovation Hub

20th August Current Affairs 2023 Quiz

The Current Affairs 2023 section constitutes a major part of the General Awareness section in a competitive examination and plays an instrumental role. To supplement your preparation for the General Awareness Section of the upcoming exams like IBPS PO/Clerk Mains, SBI PO Mains and SEBI Grade A Prelims, we are providing you 20th August Current Affairs 2023 Quiz covering the following topics Headlines: Bhagwan Birsa Munda Jodaraste Scheme, India and Trinidad and Tobago, GDP growth rate for India, RBI Innovation Hub.

Q1. What is the main objective of the Bhagwan Birsa Munda Jodaraste Scheme initiated by the Maharashtra government?
(a) Enhancing urban infrastructure
(b) Promoting industrial growth
(c) Improving healthcare services
(d) Connecting tribal villages to main roads
(e) Expanding educational facilities

Q2. How many kilometers of roads are estimated to be constructed under the Bhagwan Birsa Munda Jodaraste Scheme?
(a) Approximately 5,000 kilometers
(b) Approximately 6,838 kilometers
(c) Approximately 10,000 kilometers
(d) Approximately 2,500 kilometers
(e) Approximately 7,500 kilometers

Q3. Which department is responsible for the execution and implementation of the Bhagwan Birsa Munda Jodaraste Scheme?
(a) Ministry of Tribal Affairs
(b) Ministry of Road Transport and Highways
(c) Public Works Department
(d) Tribal Development Department
(e) Ministry of Rural Development

Q4. What is the primary focus of the Memorandum of Understanding (MoU) signed between India and Trinidad and Tobago?
(a) Environmental conservation
(b) Military cooperation
(c) Sharing INDIA STACK technology
(d) Economic trade agreements
(e) Cultural exchange programs

Q5. Who has been elected as the chair of the 13th Ministerial Conference of the World Trade Organization (WTO) to be held in Abu Dhabi in February 2024?
(a) Dr. Thani Al Zeyoudi
(b) Thuraiya Hamid Alhashmi
(c) Ngozi Okonjo-Iweala
(d) Thani Al Zeyoudi
(e) Thuraiya Alhashmi

Q6. The New Development Bank (NDB) was established by which group of countries?
(a) G7
(b) ASEAN
(c) BRICS
(d) NAFTA
(e) SAARC

Q7. How much financial investment is estimated for the Bhagwan Birsa Munda Jodaraste Scheme?
(a) Rs 2,500 crore
(b) Rs 10,000 crore
(c) Rs 7,500 crore
(d) Rs 5,000 crore
(e) Rs 3,000 crore

Q8. According to Crisil, what is the projected GDP growth rate for India in the fiscal year 2024?
(a) 5.0%
(b) 6.0%
(c) 7.0%
(d) 8.0%
(e) 9.0%

Q9. What is Crisil’s average growth rate projection for the Indian economy over the next five fiscal years?
(a) 5.0%
(b) 6.0%
(c) 6.8%
(d) 7.5%
(e) 8.0%

Q10. What is Crisil’s prediction for the average inflation rate in fiscal year 2024?
(a) 4.0%
(b) 5.0%
(c) 6.0%
(d) 7.0%
(e) 8.0%

Q11. Which technological initiative of RBI Innovation Hub powers the newly introduced lending products by Axis Bank?
(a) Digital Agricultural Platform
(b) Micro, Small, and Medium Enterprises (MSME) Portal
(c) Public Tech Platform for Frictionless Credit (PTPFC)
(d) Innovative Credit Card System
(e) Digital Lending Marketplace

Q12. In which Indian state will the Kisan Credit Card (KCC) pilot project be initially rolled out by Axis Bank?
(a) Maharashtra
(b) Uttar Pradesh
(c) Madhya Pradesh
(d) Rajasthan
(e) Karnataka

Q13. What does the UDGAM acronym stand for in the context of the RBI’s portal?
(a) Unclaimed Deposits Global Asset Management
(b) User Data Generation and Analysis Module
(c) Unclaimed Deposits Gateway to Access Information
(d) Universal Database for General Account Management
(e) Unified Digital Gateway for Account Monitoring

Q14. Which organizations collaborated with RBI to develop the UDGAM portal?
(a) United Nations and World Bank
(b) International Monetary Fund (IMF) and World Trade Organization (WTO)
(c) Reserve Bank Information Technology Pvt Ltd (ReBIT), Indian Financial Technology & Allied Services (IFTAS), and select banks
(d) International Red Cross and Doctors Without Borders
(e) Financial Action Task Force (FATF) and Financial Stability Board (FSB)

Q15. World Mosquito Day is observed to commemorate the contributions of Sir Ronald Ross. What did British doctor Sir Ronald Ross discover on August 20, 1897?
(a) The connection between mosquitoes and dengue
(b) The life cycle of mosquitoes
(c) The link between mosquitoes and zika virus
(d) The connection between female Anopheles mosquitoes and malaria transmission
(e) The link between mosquitoes and yellow fever

Solutions

S1. Ans.(d)
Sol. The Bhagwan Birsa Munda Jodaraste Scheme aims to link tribal villages in Maharashtra with main roads to improve accessibility and the quality of life for tribal communities.

S2. Ans.(b)
Sol. The scheme involves the construction of around 6,838 kilometers of roads to connect tribal villages with primary roads.

S3. Ans.(d)
Sol. The Tribal Development Department is responsible for executing and implementing the Bhagwan Birsa Munda Jodaraste Scheme.

S4. Ans.(c)
Sol. The MoU between India and Trinidad and Tobago is aimed at sharing the renowned INDIA STACK technology to enhance identity, data, and payment services on a large scale.

S5. Ans.(a)
Sol. Dr. Thani Al Zeyoudi. He has been elected as the chair of the 13th Ministerial Conference of the WTO, which is scheduled to take place in Abu Dhabi in February 2024. This role will involve leading discussions and setting the roadmap for future work within the organization.

S6. Ans.(c)
Sol. The New Development Bank (NDB) is a multilateral development institution established by Brazil, Russia, India, China, and South Africa (BRICS) to finance sustainable development projects in emerging economies.

S7. Ans.(d)
Sol. The estimated financial investment for the scheme is Rs 5,000 crore, reflecting the government’s commitment to enhancing tribal connectivity.

S8. Ans.(b)
Sol. Crisil anticipates India’s GDP growth to reach 6.0% in the fiscal year 2024.

S9. Ans.(c)
Sol. Crisil foresees the Indian economy maintaining an average growth rate of 6.8% over the next five fiscal years.

S10. Ans.(b)
Sol. Crisil forecasts an average inflation rate of 5.0% in fiscal year 2024.

S11. Ans.(c)
Sol. The lending products introduced by Axis Bank are powered by the Public Tech Platform for Frictionless Credit (PTPFC) initiated by RBI Innovation Hub.

S12. Ans.(c)
Sol. The KCC pilot project will be initially offered in Madhya Pradesh, catering to the agricultural community in the region.

S13. Ans.(c)
Sol. UDGAM stands for Unclaimed Deposits Gateway to Access Information.

S14. Ans.(c)
Sol. Reserve Bank Information Technology Pvt Ltd (ReBIT), Indian Financial Technology & Allied Services (IFTAS), and select banks
RBI collaborated with ReBIT, IFTAS, and select banks to develop the UDGAM portal.

S15. Ans.(d)
Sol. Sir Ronald Ross discovered on August 20, 1897, that female Anopheles mosquitoes transmit malaria between humans.