Test: Weekly Current Affairs: August 8th to 14th - Humanities/Arts MCQ

The RBI introduced the Systematic Investment Plan (SIP) for Treasury Bills to facilitate systematic investing for retail investors. This allows individuals to make regular, smaller investments, enhancing their ability to save towards financial goals.

The ICMR-SHINE Initiative aims to ignite scientific curiosity among students in Classes 9 to 12 and inspire them to consider careers in biomedical research. It includes hands-on activities and expert interactions to foster learning.

The Notary Portal enables notaries to apply for and receive digital Certificates of Practice, enhancing the efficiency, transparency, and accessibility of notarial services.

UPI transactions captured 28% of all retail payments in India by 2025, marking a significant transformation in the digital payments landscape.

The DSP Nifty500 Flexicap Quality 30 Index Fund is designed as a low-cost flexicap strategy that helps investors adapt to the evolving equity landscape through a systematic, rules-based approach.

The new regulations state that OCI status can be cancelled if the holder is sentenced to two years or more in prison, among other serious charges. This aims to enhance oversight of OCI registrations.

The Baaj Akh Anti-Drone System is focused on detecting drones to enhance border security and prevent drug and weapon smuggling along Punjab's border with Pakistan.

The Notaries Act of 1952 governs the functioning of notaries in India, ensuring standards and accountability within the notarial system.

Treasury Bills are regarded as a safe investment option due to their backing by the government, making them attractive for retail investors looking for lower-risk instruments.

The International Civil Aviation Organization (ICAO) is addressing the aviation workforce shortage and has outlined strategies for managing and enhancing the talent pool in this sector.

The Supreme Court upheld a two-month suspension on arrests under Section 498-A, which relates to cruelty against married women, sparking discussions on the balance of justice for victims and potential misuse of the law.

The new genus Kasargodia and the species Kasargodia sheebae and Pilarta vaman were discovered, highlighting the unique biodiversity of the Western Ghats region.

A significant trade dispute emerged when the U.S. imposed a 25% penalty tariff on Indian goods associated with Russian oil imports, straining diplomatic and economic relations.

SHINE stands for Science and Health Innovation for the Nextgen Explorers, representing the initiative's goal to engage youth in scientific and health-related fields.

The auto-bidding facility automates the bidding process for Treasury Bills, allowing investors to set preferences for bid amounts and frequencies, thus simplifying participation in auctions.

The fund employs a passive investment strategy, which minimizes costs and complexity, allowing investors to benefit from a disciplined approach to investing in fundamentally strong companies.

Small vendors often misunderstand their tax obligations related to UPI transactions, mistakenly viewing them as cash transactions, which can lead to unexpected tax demands and compliance issues.

The project cost for the Baaj Akh Anti-Drone System is approximately Rs 51.4 crore, reflecting Punjab's commitment to enhancing border security against drug and weapon smuggling.

The Kakori Conspiracy involved a train robbery aimed at securing funds for revolutionary activities against British colonial rule, representing a bold act of resistance during India's independence movement.

Small businesses with a turnover of under Rs 40 lakh for goods and Rs 20 lakh for services are exempt from GST, allowing them to operate without the burden of indirect taxes.

The Notary Portal aims to streamline and modernize notarial services, making them faceless, paperless, and more efficient, thereby improving accessibility for all stakeholders.

The discovery of new crab species emphasizes the rich biodiversity of the Western Ghats, which is a recognized biodiversity hotspot, showcasing the need for conservation efforts in the region.

Notaries are responsible for administering oaths, attesting, and authenticating documents, which are essential legal acts that ensure the validity of various transactions.

The U.S. trade policy, particularly the imposition of tariffs on goods related to Russian oil, has disrupted Indian textile exports as U.S. buyers seek alternatives, complicating India's trade landscape.

The ICMR-SHINE program features hands-on activities and expert interactions designed to engage students and enhance their understanding of biomedical research, fostering a scientific mindset.