Daily Current Affairs MCQs : 28 July 2023 - Bank Exams MCQ

On 21^st July 2023, the Ministry of Agriculture and Farmers Welfare (MoA & FW) launched three technological initiatives under the Pradhan Mantri Fasal Bima Yojana (PMFBY) and Restructured Weather Based Crop Insurance Scheme (RWBCIS) in New Delhi, Delhi. These initiatives aim to empower farmers and streamline their operations.

The three technological initiatives launched under PMFBY & RWBCIS are:

• YES-Tech (Yield Estimation System, based on Technology) Manual
• Weather Information Network Data Systems (WINDS) Portal
• AIDE (Sahayak) Mobile App

These initiatives aim to provide farmers with accurate yield estimates, access to reliable weather data, and easy access to crop insurance, enhancing their agricultural practices.

The theme of the National Conference on Rural WASH Partners' Forum (RWPF) was "Accelerating Progress towards a Swachh Sujal Bharat." The conference, hosted by the Department of Drinking Water & Sanitation (DDWS) under the Ministry of Jal Shakti, aimed to advance the progress of clean water and sanitation initiatives in rural areas.

The 8^th Mission Innovation Ministerial (MI-8) and 14^th Clean Energy Ministerial (CEM-14) were co-hosted by the Ministry of Power and Department of Science and Technology. The event took place alongside the 4^th Energy Transitions Working Group in Goa.

Bengaluru, the capital of Karnataka, became the first Indian city to join the World Cities Culture Forum (WCCF). This global network brings together cities to share and promote their cultural policies and initiatives.

ICICI Prudential Life Insurance Company Limited launched 'ICICI Pru Protect N Gain,' a protection-based savings life insurance plan. The plan offers customers a life insurance cover for the entire policy time and ensures financial security for their families during the policy tenure.

Pedro Sánchez, the General Secretary of the Spanish Socialist Workers' Party (PSOE), was named the caretaker Prime Minister of Spain after an inconclusive general election. The election was held on 23rd July 2023, and an inconclusive result led to the need for a caretaker government.

Aditya S Samant achieved the title of Chess Grandmaster on 26^th July 2023. He earned his final Grandmaster norm during the 3rd El Llobregat Open in Spain in December 2022. Aditya is the third Indian to achieve the final GM norm at the Biel Chess tournament.

Mahindra & Mahindra Limited (M&M), an automotive manufacturing company of Mahindra group, acquired a 3.53% stake in Mumbai-based RBL Bank (formerly known as Ratnakar Bank) for Rs 417 crore. This acquisition marked the first significant move by a manufacturing sector to venture into banking.

The 3 technological initiatives launched under PMFBY & RWBCIS by the Ministry of Agriculture and Farmers Welfare (MoA & FW) were effective from the current tender cycle of 2023-2025. These initiatives aimed to provide farmers with improved access to technology and weather data for better planning and decision-making in their agricultural activities.