Daily Current Affairs Quiz – 01st & 02nd Sep 2024

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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2024 of 01st & 02nd Sep 2024. Daily GK quiz online for bank & competitive exam. Here we have given the Daily Current Affairs Quiz based on the previous days Daily Current Affairs updates. Candidates preparing for IBPS, SBI, RBI, RRB, SSC Exam 2024 & other competitive exams can make use of these Current Affairs Quiz.

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1) Which Bank is the target of a ₹2.68 crore financial penalty from the Reserve Bank of India (RBI)?

(a) SBI bank

(b) UCO bank

(d) ICICI bank

(e) RBL bank

2) The elevation of four Central Public Sector Enterprises (CPSEs) to Navratna status was authorized by Union Finance Minister Nirmala Sitharaman. How many Navratna CPSEs are now operating in India as a result of this approval?

(a) 21

(b) 22

(d) 24

(e) 25

3) What percentage of total credit was accounted for by public sector banks (PSBs) in June 2024, according per the Reserve Bank of India’s (RBI) quarterly BSR data?

(a) 53.1%

(b) 52.1%

(d) 55.1%

(e) 51.1%

4) The final rules outlining the requirements for eligibility and standards for direct listing on the exchanges in GIFT City were released by the International Financial Services Centres Authority (IFSCA). In the preceding fiscal year, the minimum operational revenue was ______________ million.

(a) $20million

(b) $10million

(d) $5million

(e) $25million

5) The Securities and Exchange Board of India is thinking about raising fees and expanding the scope of the informal guidance scheme. It is possible to eliminate the first _________ days from the total allotted time of 60 days for responding to an application.

(a) 12

(b) 10

(d) 15

(e) 20

6) In order to guarantee that only premium stocks with enough market liquidity are permitted to trade, the Securities and Exchange Board of India (SEBI) has updated the qualifying requirements for the entrance and exit of stocks in the derivatives (F&O) sector. In light of the growth in market capitalization, the Market Wide Position Limit (MWPL) was raised from how many crores to at least ₹1,500 crore?

(a) Rs.100crore

(b) Rs.500crore

(d) Rs.1000crore

(e) Rs.1200crore

7) Which bank introduced DigiPassBook, a new function that lets consumers combine all of their investments into one place using the SmartWealth app?

(a) SBI bank

(b) UCO bank

(d) ICICI bank

(e) RBL bank

8) As per the Aditya Birla Sun Life Insurance (ABSLI) and Policybazaar have introduced a new term insurance plan named the ‘Income Suraksha Plan’. Offers at what percentage yearly increase in monthly income, capped at 1.5 times the beginning amount?

(a) 1%

(b) 2%

(d) 4%

(e) 5%

9) A financial suite called GIGA has been created by HDFC Bank specifically for freelancers and gig workers. What is the duration of the interest-free GIGA business credit card period and the accelerated rewards program for this freelancer-focused product?

(a) 30days

(b) 25days

(d) 45days

(e) 55days

10) The Consumer Confidence Survey (CCS) is a regular survey that the Reserve Bank of India (RBI) conducts to find out how the public feels about the state of the economy. How many cities frequently do the survey?

(a) 12

(b) 15

(d) 11

(e) 19

11) The government streamlined the retirement process for central government personnel by introducing a new, simpler pension application form called “Bhavishya.” Form 6A, the new form introduced by Union Minister Jitendra Singh via video conference, combines how many different forms into one cohesive document?

(a) 5

(b) 7

(d) 9

(e) 11

12) The Bangalore-based Hindustan Aeronautics Limited (HAL) and SAFHAL Helicopter Engines have an agreement in place for the combined design, development, and manufacturing of a new engine to be called “Aravalli.” By what year may the new helicopters with engines go into production?

(a) 2032

(b) 2031

(d) 2035

(e) 2038

13) According to the report, the Cyclone Asna is a deep depression over the Arabian Sea for which the Indian Meteorological Department (IMD) has issued a warning. Which state’s land surface was the initial location of Cyclone Asna, and why is this uncommon for cyclones that usually form over marine regions?

(a) Sikkim

(b) Rajasthan

(d) Karnataka

(e) Kerala

14) On August 30, Prime Minister Narendra Modi established the Vadhvan Port project. It will be India’s largest deep-water port, with an investment of how many crores?

(a) Rs. 76,220 crore

(b) Rs. 72,220 crore

(d) Rs. 75,220 crore

(e) Rs. 78,220 crore

15) BPCL, India’s second-largest state-controlled oil marketing firm, has announced intentions to invest how much crore in the fiscal year ending March 2025?

(a) Rs.1500crore

(b) Rs.1000crore

(d) Rs.2000crore

(e) Rs.3000crore

16) The National Stock Exchange (NSE) sold its digital examination business (DEX) to CL Educate for how much crore?

(a) Rs.220crore

(b) Rs.210crore

(d) Rs.240crore

(e) Rs.250crore

17) What percentage of IndiGo is sold by Rakesh Gangwal’s Family Trust for ₹9549 Crore?

(a) 5.83%

(b) 5.63%

(d) 5.53%

(e) 5.23%

18) Which state is being pressured to sign a memorandum of understanding for the PM-SHRI scheme in order to release funds under Samagra Shiksha?

(a) Gujarat

(b) West Bengal

(d) Karnataka

(e) Odisha

19) Project NAMAN _SPARSH-Based Service Centers Established Nationwide was initiated by the Indian Army. How many Common Service Centers (CSCs) have been set up at strategic sites throughout India in the first phase?

(a) 11

(b) 13

(d) 14

(e) 19

20) Which nation wants to improve the current bilateral relations between India and the Indian Navy’s front-line stealth frigate, INS Tabar, under the leadership of Captain MR Harish?

(a) Pakistan

(b) Spain

(d) Hong Kong

(e) Bangladesh

21) At the World U20 Athletics Championships in Lima, Peru, 17-year-old Indian athlete Aarti won a bronze medal in the women’s 10,000-meter race walk. What nation’s athlete took home the gold?

(a) Japan

(b) China

(d) Russia

(e) Switzerland

22) The opening day of shooting at the Paris Paralympics saw a big effect from Indian shooters Avani Lekhara, Mona Agarwal, and Manish Narwal. Breaking her own record of 249.6 from the Tokyo Games three years prior, Avani fired an incredible ___________.

(a) 249.7

(b) 229.7

(d) 259.7

(e) 269.7

23) Every year, India observes National Nutrition Week from September 1st to September 7th to raise awareness of the value of a nutritious diet and how it affects living a long and happy life. Which year did India establish National Nutrition Week, a public education campaign started by the federal government?

(a) 1975

(b) 1972

(d) 1982

(e) 1981

24) Every year on September 2, World Coconut Day is observed with the goal of raising awareness of the value of coconuts and highlighting their advantages. How many states in India are the major producers of coconuts?

(a) 4

(b) 5

(d) 3

(e) 8

25) Where is the headquarters of Navegaon National Park?

(a) Madhya Pradesh

(b) Sikkim

(d) Rajasthan

(e) Gujarat

Answers :

1) Answer: B

Short Explanation:

The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹2.68 crore on UCO Bank.

Contravention of provisions under Section 26A of the Banking Regulation Act, 1949 (BR Act).

Detailed Explanation:

The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹2.68 crore on UCO Bank.

Contravention of provisions under Section 26A of the Banking Regulation Act, 1949 (BR Act).

Non-compliance with RBI directions related to:

Interest Rate on Advances

Opening of Current Accounts by Banks (Need for Discipline)

Interest Rate on Deposits

Classification and Reporting of Frauds by Commercial Banks and Select Financial Institutions (FIs).

RBI has also imposed a penalty of ₹2.1 lakh on Cent Bank Home Finance Limited.

Reason for Penalty: Non-compliance with certain Know Your Customer (KYC) directions provisions.

2) Answer: E

Short Explanation:

Union Finance Minister Nirmala Sitharaman approved the upgradation of 4 Central Public Sector Enterprises (CPSEs) to Navratna status.

These CPSEs are:

Railtel Corporation of India (RCIL)

Solar Energy Corporation of India (SECI) Limited

Satluj Jal Vidyut Nigam (SJVN) Limited

National Hydroelectric Power Corporation (NHPC)

With this approval, the total number of Navratna CPSEs in India has increased to 25.

Detailed Explanation:

Union Finance Minister Nirmala Sitharaman approved the upgradation of 4 Central Public Sector Enterprises (CPSEs) to Navratna status.

These CPSEs are:

Railtel Corporation of India (RCIL)

Solar Energy Corporation of India (SECI) Limited

Satluj Jal Vidyut Nigam (SJVN) Limited

National Hydroelectric Power Corporation (NHPC)

With this approval, the total number of Navratna CPSEs in India has increased to 25.

Individual Status and Achievements:Solar Energy Corporation of India (SECI): Became the 23rd Navratna CPSE.

SECI is a leader in renewable energy capacity development in India, with a cumulative awarded capacity of 69.25 gigawatts (GW) and an annual power trading volume exceeding 42 billion units.

Navratna Scheme: Introduced by the government in 1997, the Navratna scheme aims to identify CPSEs with competitive advantages and support their growth into global giants.

3) Answer: A

Short Explanation:

According to the Reserve Bank of India’s (RBI’s) quarterly BSR data, the share of public sector banks (PSBs) in total credit continued to decline and stood at 53.1% in June 2024 (55.8% a year ago) with concomitant rise for private sector banks (PvBs).

The share of PvBs in total credit increased to 46.9% in June 2024, up from 36.5% in March 2021, highlighting their growing market share.

Detailed Explanation:

The share of PvBs in total credit increased to 46.9% in June 2024, up from 36.5% in March 2021, highlighting their growing market share.

Deposit Trends:The share of scheduled commercial banks (SCBs) deposits offering 7% and above interest rates increased to 66.9% in June 2024, compared to 45.4% a year earlier.

The share of savings deposits in total deposits decreased to 29.8% in June 2024 from 30.1% in the previous quarter and 31.8% a year ago.

Bank Credit Growth:Year-on-year (YoY) bank credit growth slowed slightly to 15% in June 2024, net of the HDFC-HDFC Bank merger, from 15.6% in the previous year.

Bank Deposit Growth:Year-on-year (YoY) growth in bank deposits moderated to 11.7% in June 2024, net of merger (12.2% including the impact of merger), down from 13.1% (13.7% including merger) a quarter earlier.

4) Answer: A

Short Explanation:

The International Financial Services Centres Authority (IFSCA) issued the final norms specifying eligibility conditions and norms for direct listing on the exchanges in the GIFT City.

Eligibility Criteria for Direct Listing :

Revenue: Minimum operating revenue of $20 million in the previous financial year.

Profit: Minimum pre-tax profit of $1 million.

Market Capitalisation: Post-issue market capitalisation must be at least $25 million.

Detailed Explanation:

The International Financial Services Centres Authority (IFSCA) issued the final norms specifying eligibility conditions and norms for direct listing on the exchanges in the GIFT City.

Eligibility Criteria for Direct Listing :

Revenue: Minimum operating revenue of $20 million in the previous financial year.

Profit: Minimum pre-tax profit of $1 million.

Market Capitalisation: Post-issue market capitalisation must be at least $25 million.

Shareholders have approved the issuance of SR equities.

SR shares have been held for at least three months before filing.

Special Purpose Acquisition Companies (SPACs) : IFSCA has also specified obligations for those launching SPACs.

The issue shall be of size not less than $50 million or any other amount as may be specified by the authority from time to time. The sponsors shall hold at least 15% and not more than 20% of the post issue paid up capital.

5) Answer: D

Short Explanation:

Capital markets regulator Securities and Exchange Board of India (SEBI)proposed changes to the informal guidance scheme to expand the list of applicants that can seek guidance under the plan and enhance the fee for making an application.

The period taken up to 15 days may be excluded from the overall timeline of 60 days to respond to an application.

Detailed Explanation:

New entities that will be allowed to seek IG mechanisms are stock exchanges, clearing corporations and depositories, managers of pooled investment vehicles such as alternative investment funds, Real Estate Investment Trust (ReiT), Infrastructure Investment Trust (InVIT) and Collective Investment Scheme (CIS).

Fee Structure Changes : On rationalising fees, Sebi has proposed to raise the fees to Rs 75,000 from the current Rs 25,000 from an applicant while making an application under the IG scheme.

The period taken up to 15 days may be excluded from the overall timeline of 60 days to respond to an application.

6) Answer: B

Short Explanation:

The Securities and Exchange Board of India (SEBI) has revised the eligibility criteria for the entry and exit of stocks in the derivatives (F&O) segment to ensure only high-quality stocks with sufficient market liquidity are allowed to trade.

Median Quarter Sigma Order Size (MQSOS): Must be at least ₹75 lakh, revised from the previous requirement of ₹25 lakh.

Market Wide Position Limit (MWPL): Must be at least ₹1,500 crore, increased from ₹500 crore, reflecting the rise in market capitalization.

Detailed Explanation:

Performance Criteria for Entry : To be eligible for entry into the derivatives segment, stocks must meet certain criteria based on their performance in the cash market over the previous six months on a rolling basis.

Median Quarter Sigma Order Size (MQSOS): Must be at least ₹75 lakh, revised from the previous requirement of ₹25 lakh.

Market Wide Position Limit (MWPL): Must be at least ₹1,500 crore, increased from ₹500 crore, reflecting the rise in market capitalization.

Average Daily Delivery Value: Additionally, the stock’s Average Daily Delivery Value in the cash market has been increased to at least R 35 crore from Rs 10 crore, owing to a significant increase in the average daily delivery value.

7) Answer: C

Short Explanation:

HDFC Bank has launched DigiPassBook, a new feature on its SmartWealth app which allows users to consolidate all their investments under one roof.

It allows users to manage and view all their equity investments, ETFs and demat accounts in the app.

DigiPassBook is supported by the account aggregator framework, which allows users to consolidate financial assets from different institutions.

Detailed Explanation:

HDFC Bank has launched DigiPassBook, a new feature on its SmartWealth app which allows users to consolidate all their investments under one roof.

It allows users to manage and view all their equity investments, ETFs and demat accounts in the app.

DigiPassBook is supported by the account aggregator framework, which allows users to consolidate financial assets from different institutions.

In the future, HDFC Bank plans to expand the DigiPassBook to include investments in insurance and bonds, marking a significant enhancement for the SmartWealth app.

Currently, the facility allows users to aggregate their equity investments, ETF holdings and transactions from various depository participants by providing a one-time consent.

8) Answer: E

Short Explanation:

Aditya Birla Sun Life Insurance (ABSLI) and Policybazaar have jointly launched a new term insurance plan called ‘Income Suraksha Plan’.

The plan provides a guaranteed monthly income for life in the “unfortunate event” of the policyholder’s death.

Increasing Income Protection Option: Offers a 5% annual increment in the monthly income, capped at 1.5 times the initial amount.

Detailed Explanation:

Aditya Birla Sun Life Insurance (ABSLI) and Policybazaar have jointly launched a new term insurance plan called ‘Income Suraksha Plan’.

The plan provides a guaranteed monthly income for life in the “unfortunate event” of the policyholder’s death.

Increasing Income Protection Option: Offers a 5% annual increment in the monthly income, capped at 1.5 times the initial amount.

Premium Discount: Up to a 9% one-time discount on the first-year premium.

Eligibility Criteria:

Age at Entry: 21 to 55 years.

Maturity Age: 31 to 70 years.

Plan Options:Fixed Income Protection: Provides a fixed monthly income to the nominee for the chosen policy term.

9) Answer: E

Short Explanation:

HDFC Bank has introduced GIGA, a financial suite designed for gig workers and freelancers.

The programme aims to address the financial needs of India’s burgeoning gig economy.

Flexible Savings Account:Balance Requirements: Requires a quarterly balance of Rs 10,000 for metro/urban areas and Rs 5,000 for semi-urban/rural areas.

GIGA Business Credit Card:Designed for freelancers, it provides an interest-free credit period of 55 days and features an accelerated rewards program.

Detailed Explanation:

HDFC Bank has introduced GIGA, a financial suite designed for gig workers and freelancers.

The programme aims to address the financial needs of India’s burgeoning gig economy.

Flexible Savings Account:Balance Requirements: Requires a quarterly balance of Rs 10,000 for metro/urban areas and Rs 5,000 for semi-urban/rural areas.

Investment Options: Includes options like systematic investment plans (SIPs), fixed deposits, or recurring deposits.

GIGA Business Debit Card: Offers accelerated cashback and a complimentary personal accidental death cover of up to Rs 10 lakh.

GIGA Business Credit Card:Designed for freelancers, it provides an interest-free credit period of 55 days and features an accelerated rewards program.

Health Insurance:Provider: HDFC Ergo.

Coverage: Health insurance for gig workers and their families with premiums starting at Rs 20 per day.

Specialised Retail Asset Products:Collateral-Free Business Loans: Tailored for freelancers’ business needs.

Car Loans: Financing up to 100% of the total on-road value.

Two-Wheeler Loans and Gold Loans: Quick disbursement options.

10) Answer: E

Short Explanation:

The Reserve Bank of India (RBI) regularly conducts the Consumer Confidence Survey (CCS) to gauge public sentiment on economic conditions.

The September 2024 round of the CCS has been launched.

Survey Cities:The survey is conducted regularly in 19 cities, viz., Ahmedabad, Bengaluru, Bhopal, Bhubaneswar, Chandigarh, Chennai, Delhi, Guwahati, Hyderabad, Jaipur, Jammu, Kolkata, Lucknow, Mumbai, Nagpur, Patna, Raipur, Ranchi and Thiruvananthapuram.

Detailed Explanation:

The Reserve Bank of India (RBI) regularly conducts the Consumer Confidence Survey (CCS) to gauge public sentiment on economic conditions.

The September 2024 round of the CCS has been launched.

Survey Objectives:The survey collects qualitative responses from households regarding:

General economic situation

Employment scenario

Price levels

Household income

Spending patterns

Purpose and Utility:The results of the survey provide valuable inputs for formulating monetary policy.

Survey Agency:The agency, M/s Hansa Research Group Pvt. Ltd., Mumbai has been engaged to conduct the survey of this round on behalf of the Reserve Bank of India.

Survey Process:Selected households will be approached by the agency for their responses.

11) Answer: D

Short Explanation:

The government introduced a new, simplified pension application form named ‘Bhavishya’ to streamline the retirement process for central government employees.

Launched by Union Minister Jitendra Singh via video conference, the new form, Form 6A, consolidates nine separate forms into a single, unified document.

Detailed Explanation:

The government introduced a new, simplified pension application form named ‘Bhavishya’ to streamline the retirement process for central government employees.

Launched by Union Minister Jitendra Singh via video conference, the new form, Form 6A, consolidates nine separate forms into a single, unified document.

The new form will be available on the Bhavishya and e-HRMS portals.

It will be accessible to all central government employees retiring from December 2024 onwards.

The Bhavishya initiative, led by the Department of Pension & Pensioners’ Welfare, aims to streamline the pension process and ensure that all retirement dues and the Pension Payment Order (PPO) are processed and delivered on the day of retirement.

The eHRMS (electronic Human Resource Management System) portal, which maintains service records and other details of government employees, supports the pension application process and is integrated with the Bhavishya form.

12) Answer: B

Short Explanation:

Hindustan Aeronautics Limited (HAL), based in Bengaluru, has signed a contract with SAFHAL Helicopter Engines to jointly design, develop, and produce a new engine named ‘Aravalli’.

The new engine-equipped helicopters could go into production by 2031.

Detailed Explanation:

Hindustan Aeronautics Limited (HAL), based in Bengaluru, has signed a contract with SAFHAL Helicopter Engines to jointly design, develop, and produce a new engine named ‘Aravalli’.

The engine will be used in the future 13-tonne Indian Multi-Role Helicopter (IMRH) and its deck-based version, the 12.5-tonne Deck-Based Multi-Role Helicopter (DBMRH).

SAFHAL is a joint venture between HAL and the French firm Safran Helicopter Engines.

The partnership with SAFHAL marks a critical step towards technological self-reliance in India’s aerospace and defence sector, according to HAL chief C.B. Ananthakrishnan.

The new engine-equipped helicopters could go into production by 2031.

13) Answer: B

Short Explanation:

The Indian Meteorological Department (IMD) issued a warning for Cyclone Asna, which is a deep depression over the Arabian Sea.

Geographical Rarity:Cyclone Asna is considered geographically rare because it originated over land in Rajasthan, which is unusual for cyclones that typically form over oceanic regions.

Cyclone Naming:The name “Asna” (pronounced As-Na) was given by Pakistan.

Detailed Explanation:

The Indian Meteorological Department (IMD) issued a warning for Cyclone Asna, which is a deep depression over the Arabian Sea.

Current Position and Movement:As of the latest update, Cyclone Asna is moving at a speed of 14 km per hour.

Geographical Rarity:Cyclone Asna is considered geographically rare because it originated over land in Rajasthan, which is unusual for cyclones that typically form over oceanic regions.

Cyclone Naming:The name “Asna” (pronounced As-Na) was given by Pakistan.

The meaning of “Asna” is “the one to be acknowledged or praised.”

Historical Context:Cyclone Asna is the first cyclonic storm in the Arabian Sea in August since 1976.

14) Answer: A

Short Explanation:

Prime Minister Narendra Modi laid the foundation for the Vadhvan Port project on August 30.

The Vadhvan Port is situated in the Palghar district of Maharashtra, approximately 150 km from Mumbai. It is set to be India’s largest deep-water port with an investment of ₹76,220 crore.

The port will have a capacity of 300 million tonnes annually (mta), featuring 9 container terminals and 4 multipurpose berths.

The Jawaharlal Nehru Port Authority and Maharashtra Maritime Board will share the construction costs in a 74:26 ratio.

Detailed Explanation:

Prime Minister Narendra Modi laid the foundation for the Vadhvan Port project on August 30.

The port will have a capacity of 300 million tonnes annually (mta), featuring 9 container terminals and 4 multipurpose berths.

The Jawaharlal Nehru Port Authority and Maharashtra Maritime Board will share the construction costs in a 74:26 ratio.

The project will be developed through a public-private partnership (PPP) model, which includes creating core infrastructure, terminals, and other commercial facilities.

The Vadhvan Port aims to enhance India’s connectivity with Central Asia and Russia via the International North-South Transport Corridor (INSTC) and with Europe through the India-Middle East-Europe Economic Corridor (IMEC).

15) Answer: C

Short Explanation:

Bharat Petroleum Corporation Ltd (BPCL), India’s second-largest state-controlled oil marketing company, announced plans to invest ₹2,500 crore in the financial year ending March 2025.

The investment aims to expand BPCL’s city gas distribution (CGD) network, enhancing its presence in the natural gas sector.

Detailed Explanation:

Bharat Petroleum Corporation Ltd (BPCL), India’s second-largest state-controlled oil marketing company, announced plans to invest ₹2,500 crore in the financial year ending March 2025.

The investment aims to expand BPCL’s city gas distribution (CGD) network, enhancing its presence in the natural gas sector.

BPCL holds authorization to establish CGD networks in 26 geographical areas (GAs), of which 25 GAs have been commissioned.

Including joint ventures, BPCL is authorized for 52 GAs covering 154 districts across India.

In FY24, BPCL’s gas business supplied a total of 1,857 thousand tonnes (TT) of gas, with 726,000 tonnes used internally by its refineries and the remainder sold to various customers.

Sales from the CGD network doubled to 83,000 tonnes, showcasing significant growth.

16) Answer: C

Short Explanation:

The National Stock Exchange (NSE) has sold its digital examination business (DEX) to CL Educate for Rs 230 crore.

The move is part of the country’s top bourse’s plan to divest non-core businesses.

An additional ₹75 crore is payable contingent upon achieving certain business milestones.

Detailed Explanation:

The National Stock Exchange (NSE) has sold its digital examination business (DEX) to CL Educate for Rs 230 crore.

The move is part of the country’s top bourse’s plan to divest non-core businesses.

Transaction Details:The transaction involves a non-binding offer with the payment amount being ₹230 crore in cash.

An additional ₹75 crore is payable contingent upon achieving certain business milestones.

Management of DEX:NSEIT Limited, a wholly-owned subsidiary of NSE Investments and a step-down subsidiary of NSE, managed the DEX business.

17) Answer: A

Short Explanation:

InterGlobe Aviation promoter Rakesh Gangwal and his family trust have reduced their stakes in the airline by selling a combined 5.83% shareholding for about Rs 10,500 crore.

Detailed Explanation:

InterGlobe Aviation promoter Rakesh Gangwal and his family trust have reduced their stakes in the airline by selling a combined 5.83% shareholding for about Rs 10,500 crore.

A total of 2.25 crore shares or 5.83% holding in InterGlobe Aviation were sold by Gangwal and Chinkerpoo Family Trust, whose trustees are Shobha Gangwal and JP Morgan Trust Company of Delaware.

In two separate regulatory filings, Rakesh Gangwal sold 22.50 lakh shares of InterGlobe Aviation and the Chinkerpoo Family Trust disposed of more than 2.02 crore script of the airline.

18) Answer: C

Short Explanation:

Tamil Nadu Chief Minister M.K. Stalin has requested the release of funds for the Samagra Shiksha Scheme for the financial year 2024-25.

Union Education Minister Dharmendra Pradhan responded, stating that Tamil Nadu is required to sign a Memorandum of Understanding (MoU) under the PM-SHRI scheme to develop exemplar model schools.

The Central government has approved ₹4,305.66 crore for Tamil Nadu under the Samagra Shiksha Scheme for 2024-25.

Detailed Explanation:

Tamil Nadu Chief Minister M.K. Stalin has requested the release of funds for the Samagra Shiksha Scheme for the financial year 2024-25.

The Central government has approved ₹4,305.66 crore for Tamil Nadu under the Samagra Shiksha Scheme for 2024-25.

All four instalments for previous years have been released, as confirmed by Mr. Pradhan.

Launched in September 2022, the PM SHRI scheme aims to develop over 14,500 selected schools as exemplar institutions demonstrating the initiatives of the National Education Policy (NEP) 2020.

19) Answer: D

Short Explanation:

The Indian Army launched the first phase of Project NAMAN in the presence of General Upendra Dwivedi, Chief of the Army Staff, and Mrs. Sunita Dwivedi, President of the Army Wives Welfare Association (AWWA).

Establishment of CSCs:In the first phase, 14 Common Service Centres (CSCs) have been established at key locations across India, including New Delhi, Jalandhar, Leh, Dehradun, Lucknow, Jodhpur, Bengdubi, Gorakhpur, Jhansi, Secunderabad, Saugor, Guntur, Ahmedabad, and Bangalore.

Role of HDFC Bank:HDFC Bank is the banking partner providing necessary IT infrastructure for operationalizing the CSCs.

Detailed Explanation:

SPARSH System:SPARSH is a digital pension administration system that addresses the need for accessible facilitation points for Defence Pensioners and Next of Kin (NOK) across India.

MoU for Project NAMAN:The project is implemented through a tripartite Memorandum of Understanding (MoU) between:

The Indian Army’s Directorate of Indian Army Veterans (Adjutant General’s Branch).

Common Service Centre (CSC) e-Governance India Limited.

HDFC Bank Limited.

The MoU was signed in September 2023.

Role of HDFC Bank:HDFC Bank is the banking partner providing necessary IT infrastructure for operationalizing the CSCs.

20) Answer: B

Short Explanation:

Detailed Explanation:

Indian Navy’s frontline stealth frigate, INS Tabar commanded by Captain MR Harish arrived at Malaga, Spain on 25 Aug 24 for a two day visit to enhance the existing bilateral relations between India and Spain.

The visit aims to enhance the existing bilateral relations between India and Spain, which were established in 1956.

Purpose of the Visit:The visit by INS Tabar seeks to strengthen diplomatic and defense ties between India and Spain.

PASSEX with Spanish Navy:Upon departing from Malaga, INS Tabar will conduct a Passage Exercise (PASSEX) at sea with the Spanish Navy Ship Atalaya.

These interactions are designed to enhance interoperability between the Indian and Spanish navies and provide an opportunity to exchange and learn ‘Best Practices.’

INS Tabar’s Capabilities:INS Tabar is one of the Indian Navy’s earliest stealth frigates.

It is equipped with a versatile range of weapons and sensors, enhancing its combat and operational capabilities.

21) Answer: B

Short Explanation:

Aarti, a 17-year-old Indian athlete, secured a bronze medal in the Women’s 10,000m race walk event at the World U20 Athletics Championships held in Lima, Peru

She clocked a time of 44 minutes 39.39 seconds, setting a new National U20 record for India and marking the country’s first medal at the championship.

The gold and silver medals in the event were won by Chinese race walkers: Zhuoma Baima took the gold, while Meiling Chen clinched the silver.

Detailed Explanation:

Aarti, a 17-year-old Indian athlete, secured a bronze medal in the Women’s 10,000m race walk event at the World U20 Athletics Championships held in Lima, Peru.

She clocked a time of 44 minutes 39.39 seconds, setting a new National U20 record for India and marking the country’s first medal at the championship.

Aarti broke her own previous national record of 47 minutes 21.04 seconds, which she set earlier this year in the National Federation Cup U20 Championships in Lucknow.

The improvement of almost three minutes highlights her remarkable progress and determination in race walking.

The gold and silver medals in the event were won by Chinese race walkers: Zhuoma Baima took the gold, while Meiling Chen clinched the silver.

22) Answer: A

Short Explanation:

Indian shooters Avani Lekhara, Mona Agarwal, and Manish Narwal made a significant impact on the first day of shooting at the Paris Paralympics.

Avani Lekhara became the first Indian to win back-to-back Paralympic gold medals, successfully defending her title in the women’s 10m air rifle (SH1) event.

Avani shot an impressive 249.7, breaking her own previous Paralympic record of 249.6, set during the Tokyo Games three years ago.

Detailed Explanation:

Indian shooters Avani Lekhara, Mona Agarwal, and Manish Narwal made a significant impact on the first day of shooting at the Paris Paralympics.

Avani Lekhara became the first Indian to win back-to-back Paralympic gold medals, successfully defending her title in the women’s 10m air rifle (SH1) event.

Avani shot an impressive 249.7, breaking her own previous Paralympic record of 249.6, set during the Tokyo Games three years ago.

She entered the final round after a solid qualification score of 625.8, placing second.

Mona Agarwal secured the bronze medal in the same event, marking a historic double podium finish for India in the women’s 10m air rifle (SH1).

Mona, a two-time World Cup gold medallist, shot a 623.1 in the qualification round, ranking fifth.

23) Answer: D

Short Explanation:

National Nutrition Week is observed annually in India from 1st to 7th September to highlight the importance of proper nutrition and its impact on a healthy lifestyle.

In 1982, India adopted the celebration of National Nutrition Week, launched by the central government to educate citizens about the importance of nutrition and to encourage the adoption of a healthy and sustainable lifestyle.

Detailed Explanation:

National Nutrition Week is observed annually in India from 1st to 7th September to highlight the importance of proper nutrition and its impact on a healthy lifestyle.

National Nutrition Week was first initiated in March 1973 by the American Dietetic Association (now the Academy of Nutrition and Dietetics) to promote nutrition education and the profession of dietitians.

Due to growing public interest, the week-long observance extended to a month-long celebration in the United States in 1980.

24) Answer: B

Short Explanation:

Celebrated annually on September 2, World Coconut Day aims to highlight the benefits of coconuts and promote awareness about their importance.

Major coconut-producing states in India include Tamil Nadu, Karnataka, Kerala, West Bengal, and Andhra Pradesh.

Detailed Explanation:

Celebrated annually on September 2, World Coconut Day aims to highlight the benefits of coconuts and promote awareness about their importance.

Major coconut-producing states in India include Tamil Nadu, Karnataka, Kerala, West Bengal, and Andhra Pradesh.

Asian and Pacific Coconut Community (APCC), established in 1969 and headquartered in Jakarta, Indonesia, supports the growth, production, sale, and export of coconuts in Asian countries.

In 2009, APCC initiated World Coconut Day to recognize and celebrate the fruit’s significance.

APCC’s member countries include India, Malaysia, Indonesia, the Philippines, Thailand, Kenya, and Vietnam.

25) Answer: C

About Maharashtra :

Governor: C. P. Radhakrishnan

Chief Minister: Eknath Shinde

Capital: Mumbai

National Park: Tadoba National Park, Navegaon National Park

Wildlife Sanctuaries: Bhimashankar Wildlife Sanctuary, Karnala Bird Sanctuary, Nagzira Wildlife Sanctuary

UNESCO Heritage Sites: Chhatrapati Shivaji Maharaj Terminus, The Victorian and Art Deco Ensemble of Mumbai, Ajanta Caves, Elephanta Caves, Ellora Caves

This post was last modified on September 4, 2024 5:12 pm

4 months ago

Daily Current Affairs Quiz – 01st & 02nd Sep 2024

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