Daily Current Affairs August 18

Dear Champions, as you all know that a lot of competitive exams have been notified consequently. Candidates have to prepare themselves according to the level of competition and expectation of the Recruitment board. Regarding that one of the most important topic is Daily Current Affairs August 18. Current Affairs in the form of contemporary events of national & international play a crucial role in almost every competitive exams like Banking, Insurance, SSC, UPSC, TNPSC, Railway etc.

Current affairs are the most dynamic yet scoring among all sections and need to be prepared from the right source. Here, we cafunsta team, providing  Daily GK Updates, Current Affairs Questions, and Monthly  current affairs pdf.

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August 18| Daily Current Affairs 2022

Ranking – Daily Current Affairs August 18

1. Which of the following city topped severe rise in PM2.5?
A) Beijing
B) Tokyo
C) London
D) New York
E) New Delhi
Answer: A) Beijing

• The report summarizes data on air pollution exposures and associated health impacts in 7,239 cities (with minimum population of 50,000) from 2010 to 2019.
• It combines ground-based air quality data with satellites and models to produce air quality estimates for cities around the world.
• Of 7,239 cities analysed, all the 20 cities with the largest increase in PM2.5-attributable death rates from 2010 to 2019 are located in Southeast Asia, including 19 cities in Indonesia and one in Malaysia.
• All 20 cities reported increase of more than 10 microgram per cubic metre in PM2.5 exposures in 2019 compared with 2010.
• In 2019, 1.7 million deaths linked to PM2.5 exposure occurred in the 7,239 cities, with cities in Asia, Africa, and Eastern and Central Europe seeing the greatest health impacts.

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Banking and Finance – Daily Current Affairs August 18

2. Which of the following bank launched special deposit schemes offering higher interest rates up to 6 %?
A) Axis Bank
B) State Bank of India
C) Bank of Baroda
D) RBL Bank
E) HDFC Bank
Answer: C) Bank of Baroda

• The ‘Baroda Tiranga Deposit Scheme’ marks the 75th Independence Day of India, which is a special term deposit scheme offering higher interest rates.
• The scheme, to be available till December 31, 2022, has two tenor buckets of 444 days and 555 days, offering interest rates of 5.75 per cent per annum and 6 per cent per annum, respectively.
• The scheme was applicable on retail deposits below Rs 2 crore.
• Senior citizens will get additional interest rates on their deposits under the scheme.

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3. Which of the following bankopened first all-women branch in north Kerala?
A) Axis Bank
B) State Bank of India
C) Bank of Baroda
D) RBL Bank
E) HDFC Bank
Answer: E) HDFC Bank

• Private sector bank major HDFC has opened its first all-women branch in north Kerala region in Kozhikode.
• The branch, located in Cherootty Road, the hub of traders in the district, will have 4 women bankers.
• This adds to all-women branches opened by the Bank in southern India and takes forward the bank’s inherent values of diversity and inclusion.
• The branch was inaugurated by city Corporation Mayor Beena Philip.

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Business and Economy – Daily Current Affairs August 18

4. How many millionwearable devices imported in April-Jun 2022?
A) 25.6 mn
B) 23.9 mn
C) 27.8 mn
D) 22.9 mn
E) 26.1 mn
Answer: B) 23.9 mn

• Shipment of wearable devices more than doubled to 23.9 million in the second quarter of 2022 year-on-year, International Data Corporation’s India Monthly Wearable Device Tracker report.
• Around 11 million units of wearable were shipped in India in the same period a year ago.
• The shipments increased by 65.8 per cent in the first half of 2022 to 38 million units on account of new launches, discounts and marketing.

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Acquisitions and Mergers – Daily Current Affairs August 18

5. For how many million USD Razorpay acquiredEzetap?
A) $ 500 million
B) $ 400 million
C) $ 300 million
D) $ 200 million
E) $ 100 million
Answer: D) $ 200 million

• Fintech unicorn Razorpay has acquired Ezetap, India’s leading offline Point-Of-Sale (POS) company which was founded with the aim of simplifying the in-person offline payments experience.
• The value of the transaction is around $200 million.
• The acquisition enables Bengaluru-based Razorpay’s foray into offline payments.
• With this acquisition, Razorpay will be one of the few companies across the world with a significant online and offline presence in payments.
• This marks Razorpay’ssixth and biggest acquisition thus far.

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6. Which of the following bankoffloaded over 12% stake in Kilburn Engineering?
A) Axis Bank
B) State Bank of India
C) Bank of Baroda
D) RBL Bank
E) HDFC Bank
Answer: D) RBL Bank

• RBL Bank has offloaded over 12 per cent stake in Kilburn Engineering since May for a total consideration of over Rs 17 crore.
• The private sector lender had acquired 67,50,000 equity shares of Kilburn Engineering (Kilburn) under a debt recast plan.
• This represented 19.67 per cent share capital of the company, as part of conversion of loans outstanding under debt restructuring plan by RBL Bank in February 2021, and subject to lock-in for one year.
• The bank has further sold 22,00,000 equity shares representing 6.41 per cent of the paid-up share capital of Kilburn Engineering.

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Appointments – Daily Current Affairs August 18

7. Rohit Kapoor appointed as CEO for its Food Marketplace business in which of the following company?
A) Domino’s Pizza
B) Swiggy
C) Mc Donald’s
D) Zomato
E) Uber
Answer: B) Swiggy

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Science and Technology – Daily Current Affairs August 18

8. How many crores DoT got from telecom operators as upfront payment for 5G spectrum?
A) Rs 17687 crores
B) Rs 17768 crores
C) Rs 17867 crores
D) Rs 17786 crores
E) Rs 17876 crores
Answer: E) Rs 17876 crores

• The Department of Telecom has received upfront payment of around Rs 17,876 crore from Bharti Airtel, Reliance Jio, Adani Data Networks and Vodafone Idea for spectrum they won in a recent auction.
• While all telecom operators have opted to make payments in 20 annual installments, Bharti Airtel has paid Rs 8,312.4 crore equivalent to four annual installments.
• Reliance Jio has made payment of Rs 7,864.78 crore, Vodafone Idea Rs 1,679.98 crore and Adani Data Networks Rs 18.94 crore.

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International Affairs – Daily Current Affairs August 18

9. Which edition of India-Philippines Strategic Dialogue held in Manila?
A) 5th
B) 2nd
C) 4th
D) 1st
E) 3rd
Answer: C) 4th

• The 4th India-Philippines Strategic Dialogue was held in Manila in which the two sides discussed Defence and Security Cooperation.
• They also exchanged views on regional and global issues of mutual interest as well as ASEAN-related matters.
• It was co-chaired by Secretary (East) Saurabh Kumar and Under Secretary, Department of Foreign Affairs, Philippines, Theresa Lazaro.
• External Affairs Ministry in a statement said,both sides co-chaired the 13th Foreign Office Consultations.
• They reviewed the multi-faceted relations between India and Philippines.
• The two sides also expressed their desire to advance bilateral relations and expand engagement in areas including agriculture, trade, pharmaceuticals, fintech, education, defence and security, and people to people ties.

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10. In which of the following country Hindustan Aeronautics opened their office?
A) Malaysia
B) Myanmar
C) Singapore
D) Philippines
E) Thailand
Answer: A) Malaysia

• Hindustan Aeronautics Limited (HAL) signed an MoU for establishing an office in Kuala Lumpur, Malaysia in the presence of the Secretary of Defence, Dr Ajay Kumar.
• Ravi K, GM, LCA, HAL, the official representative of HAL in Malaysia, Major (R) MohdHusairi Bin Mat Zain of Forte Drus, High Commissioner of India in Malaysia, BN Reddy, Additional Secretary (Defence Production), Sanjay Jaju and others were also present on the occasion.
• The office in Malaysia will help HAL in tapping the new business opportunities for Fighter Lead-in Trainer (FLIT) LCA and other requirements of the Royal Malaysian Air Force (RMAF) like Su-30 MKM and Hawk upgrades.
• It will reinforce the commitment of India to supporting the Malaysian Defence Forces and industry for sustainable aerospace and defence landscape in Malaysia.

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National Affairs – Daily Current Affairs August 18

11. In which of the following city Union Minister Nitin Gadkari unveiled India’s first E-Double Decker airconditioned bus?
A) Mumbai
B) Chennai
C) Kolkata
D) New Delhi
E) Pune
Answer: A) Mumbai

• Highways and Road Transport Minister Nitin Gadkari said that ethics, economy, ecology and environment are the four important pillars of the country.
• Mr. Gadkari said this while unveiling India’s first E-Double Decker air-conditioned bus in Mumbai.
• Switch mobility limited a subsidiary of Ashok Leyland has manufactured this unique electric double-decker bus called as Switch EiV 22.
• The bus is equipped with the latest technology, ultra-modern design and highest safety and best in class comfort features.
• Stressing on prioritising pollution-free country, he said 35 percent pollution in the country takes place because of petrol and diesel.
• He underlined that the size of the automobile industry is 7.5 lakh crore, and it is an important industry for the country as it has huge employment potential.
• Besides, he mentioned that automobile industry gives highest GST to state and central governments.
• He pointed out at import of crude oil as a main challenge which country faces at present.
• Mr Gadkari highlighted the most important thing for India is knowledge is power and conversion of knowledge into wealth is future.

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12. From which year Government will stop import of thermal coal?
A) 2025
B) 2027
C) 2023
D) 2026
E) 2024
Answer: C) 2023

• Minister for Coal and Mines Pralhad Joshi has said that Government will stop the import of thermal Coal from next year.
• Inaugurating a workshop on Coking Coal Strategy for Indian Steel Sector in New Delhi, he said, Ministry of Coal is targeting production of 900 million tonnes this financial year and the target of Coal India Limited comes to 700 million tonnes.
• By 2030, India’s coal requirement will be of 1.5 billion tonnes.
• Indian economy is growing at a very fast pace and there has been a record coal-based power generation.
• The Minister said, domestic coal production has gone up by 22 percent.
• Coking coal production marked 15 percent growth.
• With Mission Coking Coal, production will improve and move towards Aatmanirbhar Bharat in Coking Coal arena.

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13. How many percent of vaccines used worldwidewere supplied by India?
A) 40%
B) 75%
C) 50%
D) 35%
E) 60%
Answer: E) 60%

• Finance Minister Nirmala Sitharaman said nearly 60 percent of all the vaccines used in the world are produced in India and over the decades, the country has made a remarkable contribution to vaccinating the world.
• India is double dosing every citizen and producing COVID-19 vaccines even during the lockdown period.

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14. How many crores were approved by Union Cabinettowards interest subvention scheme for agriculture loans?
A) Rs 34865 crores
B) Rs 34856 crores
C) Rs 34586 crores
D) Rs 34568 crores
E) Rs 34658 crores
Answer: B) Rs 34856 crores

• The Union Cabinet on earmarked Rs 34,856 crore towards the interest subvention scheme to help banks provide short term agriculture loans of up to Rs 3 lakh at a rate of 7 per cent.

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15. Which of the following state planned to promote fermented organic manure in agriculture?
A) Chhattisgarh
B) Maharashtra
C) Assam
D) Punjab
E) Rajasthan
Answer: D) Punjab

• The Punjab government is planning to promote the utilisation of fermented organic manure, produced by compressed biogas (CBG) plants, in agriculture, horticulture and floriculture sectors.
• It was stated by New and Renewable Energy Sources Minister Aman Arora here.
• Arora and his cabinet colleague Kuldeep Singh Dhaliwal asked senior officers of the state government to create a mechanism which will enable utilisation of fermented organic manure (FOM).
• Arora said the Punjab Energy Development Agency (PEDA) has already allocated 42 CBG projects of total capacity of 492.58 tonnes per day (TPD) based on paddy straw and other agro-residue and Asia’s largest CBG plant with a total capacity of 33.23 TPD has also been commissioned at village Bhuttal Kalan (Sangrur) recently.

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16. How many crores Government announcedfor financial support to startup firm Kritsnam Technologies?
A) Rs 3.29 crores
B) Rs 4.29 crores
C) Rs 3.92 crores
D) Rs 4.92 crores
E) Rs 5.29 crores
Answer: A) Rs 3.29 crores

• Union Minister of State (Independent Charge) Science and Technology Jitendra Singh announced financial support of Rs 3.29 crore to Kritsnam Technologies, a startup company incubated at IIT Kanpur to develop smart water management technologies.
• Singh said the technology, initially focused on commercial users, can be a game changer in effectively monitoring and controlling groundwater exploitation across the country in the future.
• An MoU has been signed between Technology Development Board (TDB) under the Department of Science and Technology and Kritsnam Technologies Private Limited, Ranchi, Jharkhand, for production and commercialisation of Dhaara Smart Flow Meter.
• The agreement was signed in the presence of Jitendra Singh.
• The minister was apprised that the startup is developing ‘Dhaara Smart Flowmeter’ – an integrated system for online monitoring using two beam ultrasonic flowmeters that is designed to track the water distribution in real-time for applications such as drinking water supply, groundwater extraction, industrial water usage and precision irrigation.

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17. Which of the following stateinked MoU with CPRI to set up regional testing laboratory?
A) Chhattisgarh
B) Maharashtra
C) Assam
D) Punjab
E) Rajasthan
Answer: A) Chhattisgarh

• The Bengaluru-based Central Power Research Institute (CPRI) signed a memorandum of understanding (MoU) with the Chhattisgarh government for setting up a regional testing laboratory in Raipur district.
• As per the agreement, the national-level testing unit will be established on an area of 10 acres in sector-30 of Nava Raipur Atar Nagar which will have test facilities for transformers, energy meters, transformer oil, switch fuse unit and other electricity-related equipment.
• Power companies will get a 20 per cent rebate in the testing of equipment.

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18. Which of the following stategovernment will inaugurate tech centre for graduates?
A) Chhattisgarh
B) Maharashtra
C) Assam
D) Punjab
E) Rajasthan
Answer: E) Rajasthan

• Rajiv Gandhi Centre of Advance Technology or R-CAT inaugurated by Chief Minister Ashok Gehlot on August 20 during a two-day DigiFest-2022.
• R-CAT will conduct training programs on advanced and emerging information technologies with a duration ranging from one week to six months for professional graduates like BE/BTech, BCA, MCA, MBA, MSc (IT) and so on.
• The school will issue industry standard certificates for the courses to the successful candidates.

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