Daily Current Affairs August 2

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 1. 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 2 | Daily Current Affairs 2021

SPORTS – Daily Current Affairs August 2

2. Esteban Ocon won Hungarian Grands Prix. He was related to which country?
A) China
B) Australia
C) Hungary
D) France
E) Nepal
Answer: D) France

BANKING AND FINANCE – Daily Current Affairs August 2

2. ADB approves $112m loan to finance water supply infrastructure in which state?A) Karnataka
B) Mizoram
C) Jharkhand
D) Uttar Pradesh
E) Haryana
Answer: C) Jharkhand

• Water supply in Jharkhand is currently inadequate, with residents receiving only an average 3 to 4 hours daily of water supply.
• The project will ensure continuous and quality water supply, which will also improve the health and hygiene situation in the area, particularly in the post-pandemic scenario.
• The project aims to establish a model for continuous water supply combined with policy reforms and a contractual framework for sustainable operation, which can be replicated by other low-income states in India, including the recently launched national Jal Jeevan mission for providing water to all urban households.
• The total project cost is $160 million, of which $48 million will be financed by the Government of Jharkhand.
• The project is expected to be completed in 2028.

3. Which Bank has launched a new and enhanced security feature – ‘SIM Binding’ in YONO and YONO Lite?
A) Kotak Mahindra Bank
B) State Bank of India
C) CSB Bank
D) ICICI Bank
E) HDFC Bank
Answer: B) State Bank of India

• The registration process verifies the SIM of the Registered Mobile Number (RMN) with the bank in order to complete the registration. Customers will have to ensure that they register themselves with the device which has the SIM of the registered contact number.
• YONO and YONO Lite will work with the basic rule of One Mobile Device – One User – One RMN.

4. Which Bank Signs MOU With Society For Innovation And Entrepreneurship, An Initiative Of IIT Bombay, For Funding Start-Ups And MSMEs?
A) Kotak Mahindra Bank
B) State Bank of India
C) Indian Bank
D) ICICI Bank
E) HDFC Bank
Answer: C) Indian Bank

• The Bank will extend loans of up to Rs. 50 crores to these start-ups for their working capital requirements or purchase of machinery, equipment etc.
• As the name goes, this initiative, which is mutually beneficial for both Bank and IIT Bombay, will be the spring board for start-ups to realise their ambitions.

5. Which company announced the launch of UPI based AutoPay functionality for its mutual fund investment offerings?
A) BharatPe
B) Indel Money
C) PhonePe
D) SafeGold
E) Innoviti
Answer: C) PhonePe

• Homegrown digital payments platform PhonePe announced the launch of UPI based AutoPay functionality for its mutual fund investment offerings.
• The functionality will allow PhonePe customers to set up their mutual fund SIPs in a few steps.
• With UPI Autopay, customers can set up their SIPs in three steps – selecting the fund, input of monthly SIP investment amount, and authentication with a UPI PIN.

BOOKS AND AUTHORS – Daily Current Affairs August 2

6. Nehru, Tibet and China is authored by whom?
A) Michael Wolff
B) Valerie Biden Owens
C) Kavitha Rao
D) Pramod K Nayar
E) Avtar Singh Bhasin
Answer: E) Avtar Singh Bhasin

APPOINTMENTS – Daily Current Affairs August 2

7. Manpreet Vohra appointed as next High Commissioner to which country?
A) Canada
B) Iraq
C) Nauru
D) Israel
E) Iran
Answer: C) Nauru

• Ambassador Vohra joined the Indian Foreign Service in 1988.
• He was Ambassador of India to Mexico and High Commissioner to Belize (2019-21), Ambassador to Afghanistan (2016-18) and Ambassador to Peru and Bolivia (2011-15).

8. Mini Ipe has taken charge as Managing Director of which insurance company?
A) Bajaj Allianz General Insurance.
B) ICICI Lombard General Insurance
C) Apollo Munich Health Insurance
D) SBI General Insurance
E) Life Insurance Corporation of India
Answer: E) Life Insurance Corporation of India

• Mini Ipe has taken charge as Managing Director of Life Insurance Corporation of India on 2nd August, 2021.
• She was appointed as Managing Director vide Government of India notification dated 5th July, 2021.
• Mini Ipe is a post graduate in Commerce from Andhra University and has joined LIC in 1986 as a Direct Recruit Officer.

9. Min Aung Hlaing is appointed as Prime Minister of which country?
A) Canada
B) Iraq
C) Myanmar
D) Israel
E) Iran
Answer: C) Myanmar

10. Nikol Pashinyan is appointed as Prime Minister of which country?
A) Canada
B) Iraq
C) Myanmar
D) Armenia
E) Iran
Answer: D) Armenia

AWARDS – Daily Current Affairs August 2

11. Who has been conferred with the inaugural Prof CR Rao Centenary Gold Medal (CGM)?
1) C Rangarajan
2) Jagdish Bhagwati
3) Anand Kumar
A) Only 1 & 2
B) Only 1 & 3
C) Only 2
D) Only 3
Answer: A) Only 1 & 2

• Renowned economist Jagdish Bhagwati and C Rangarajan have been conferred with the inaugural Prof CR Rao Centenary Gold Medal (CGM).
• Bhagwati is professor of economics, law and international relations at Columbia University and director of the Raj Center on Indian Economic Policies while C Rangarajan is the former chairman of the Economic Advisory Council of the Prime Minister and former governor of the Reserve Bank of India.

SCIENCE AND TECHNOLOGY – Daily Current Affairs August 2

12. Which IIT launches India’s first consortium for virtual reality?
A) IIT-Hyderabad
B) IIT-Madras
C) IIT-Bombay
D) IIT-Nagpur
E) IIT-Mandi
Answer: B) IIT-Madras

• Indian Institute of Technology-Madras (IIT-M) has launched the country’s first Consortium for Virtual Reality called ‘Consortium for VR/AR/MR Engineering Mission in India’ (CAVE).
• As a group of academia, industries, start-ups, and Government bodies, this consortium is being coordinated by IIT Madras.

NATIONAL AFFAIRS – Daily Current Affairs August 2

13. Who launched e-RUPI, a cashless and contactless instrument for digital payment through video conferencing?
A) Narendra Singh Tomar
B) Narendra Modi
C) Arjun Munda
D) Smriti Zubin Irani
E) Shripad Yasoo Naik
Answer: B) Narendra Modi

14. Which Organisation has developed state-of-art platforms and weapon systems and sensors to improve combat capabilities and technological edge to armed forces?
A) NTPC
B) NHAI
C) CCI
D) CII
E) DRDO
Answer: E) DRDO

15. Which Ministry launched a unique programme to celebrate Azadi Ka Amrit Mahotsav on Independence Day 2021?
A) Education Ministry
B) Home Ministry
C) Health Ministry
D) Culture Ministry
E) Agriculture Ministry
Answer: D) Culture Ministry

• Culture Ministry launched a unique programme to celebrate Azadi Ka Amrit Mahotsav on Independence Day this year.
• The initiative, connected with the National Anthem, has been taken up by the Ministry to instill pride and unity among all Indians.
• The people have been invited to sing the National anthem and upload the video on website www.RASHTRAGAAN.IN.
• The compilation of National Anthem will be shown live on 15th of August.

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