Daily Current Affairs MCQs : 9 August 2023 - Bank Exams MCQ

The last-mile broadband connectivity plan approved by the Union Cabinet on August 4, 2023, aims to provide optical fiber-based connections to villages as part of the BharatNet project. This approach focuses on ensuring efficient and effective broadband connectivity to the grassroots level in rural areas.

The implementation of the BharatNet project is overseen by Bharat Broadband Network Limited (BBNL), which is an arm of the state-owned Bharat Sanchar Nigam Limited (BSNL).

The Direct Incentive Disbursement initiative by PLI involves transferring agents' commissions from the previous month directly to their Post Office Savings Bank (POSB) Accounts, ensuring swift and secure transactions.

The initiative enhances convenience and motivation among the sales force by streamlining the process of receiving commissions and ensuring secure transactions through direct transfers to POSB Accounts.

The BharatNet project is one of the largest rural telecom projects in the world, aiming to provide broadband connectivity to millions of villages across India.

The Quit India Movement, also known as the August Movement, was a mass civil disobedience campaign launched by Mahatma Gandhi and the Indian National Congress, demanding India's independence from British colonial rule.

Hun Manet, the son of former Cambodian Prime Minister Hun Sen, succeeded his father as the new Prime Minister of Cambodia.

The MoU between USI and CSC aims to foster the promotion of Military Heritage Tourism in India by collaborating on various activities related to military history.

SpaceX's Starlink set a new record in satellite internet deployment with a rapid turnaround time of only 4 days, 3 hours, and 11 minutes between missions.

The changes affecting FPIs and AIFs were introduced by the Securities and Exchange Board of India (SEBI) to regulate corporate bonds trades and overseas investments more effectively.