Daily Current Affairs Quiz – 02nd October 2024

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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2024 of 02nd October 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) Recently which company laid the stage for the debut of a new asset class that will enrich and diversify the nation’s investment market?

(a) SEBI

(b) SIDBI

(d) IRDAI

(e) RBI

2) In order to guarantee “reasonableness and value for money” for both departing and remaining policyholders, which company established new surrender value norms?

(a) SEBI

(b) SIDBI

(d) IRDAI

(e) RBI

3) Which bank launches the “PaisaSave” Cashback Credit Card with Advanced Features in partnership with Paisabazaar?

(a) IDBI bank

(b) YES bank

(d) Karnataka bank

(e) ICICI bank

4) As per the report, Online travel tech platform in India, EaseMyTrip.com has created ScanMyTrip.com, the country’s first travel marketplace of its sort. Which Section of the Indian government’s Department for Promotion of Industry and Internal Trade (DPIIT) founded ONDC, a private non-profit organization, with the goal of advancing open e-commerce?

(a) Section 7

(b) Section 8

(d) Section 9

(e) Section 10

5) How much money has the Asian Development Bank (ADB) granted for a loan to the state of Meghalaya to improve the management of water resources, expand access to water, and increase community resilience to climate change?

(a) $10 million

(b) $20 million

(d) $30 million

(e) $40 million

6) According to the Jana Small Finance Bank, it has launched the ‘Liquid Plus Fixed Deposit’ plan. The Liquid Plus Fixed Deposit duration varies from 7 to how many days?

(a) 150days

(b) 100days

(d) 160days

(e) 180days

7) On October 2, Prime Minister Narendra Modi attend the Swachh Bharat Diwas function to honor the 10-year anniversary of the Swachh Bharat Mission inauguration. PM Modi will inaugurate and set the groundwork for many sanitation and cleaning initiatives valued over how many crores?

(a) Rs. 8600crore

(b) Rs. 7600crore

(d) Rs. 10600crore

(e) Rs. 6600crore

8) Recently, the Delhi starts a “Advanced Green War Room” to fight air pollution. This is a part of a stated winter action plan that includes ________________ points.

(a) 20

(b) 21

(d) 23

(e) 25

9) As per the report, Adani Airport Holdings raised ₹19.5 billion (about $232.72 million) in a major domestic bond offer. Private banks have also contributed to bond buying. Which bank and trust investment advisors serve as issue managers?

(a) HDFC bank

(b) ICICI bank

(d) SBI

(e) RBL bank

10) Bharti Airtel has prepaid ₹8,465 crore for Spectrum dues. In which year did Airtel buy 173.8 MHz of spectrum in the 1800, 2100, and 2300 MHz bands for ₹14,244 crore via auction?

(a) 2012

(b) 2014

(d) 2018

(e) 2015

11) Recently, Nand Kishore has been appointed Chairman and Managing Director (CMD) of Infrastructure Leasing & Financial Services Limited (IL&FS), from October 1, 2024. He succeeds whom?

(a) CS Rajan

(b) CS Vignesh

(d) CS Ezhil

(e) CS Arul

12) Every year on October 2nd, Gandhi Jayanti is observed.In Which year was Gandhi born on October 2nd?

(a) 1862

(b) 1864

(d) 1868

(e) 1869

13) Every year on ____________, the International Day of Non-Violence is commemorated.

(a) October 1

(b) October 2

(d) September 29

(e) October 3

14) In which sport does Ishpreet Singh Chadha making history?

(a) Swimmer

(b) Archery

(d) Golf

(e) Wrestling

15) Which state, ahead of the global summit, attracts investment with memorandums worth Rs. 12.5 trillion?

(a) Sikkim

(b) Rajasthan

(d) Kerala

(e) Assam

16) In which year was October 1st established as World Vegetarian Day by the North American Vegetarian Society (NAVS)?

(a) 1977

(b) 1975

(d) 1971

(e) 1978

17) Recently , the Tata Power has signed a Memorandum of Understanding (MoU) with which government to progress green energy, power transmission, and distribution projects, greatly increasing the state’s presence of renewable energy?

(a) Sikkim

(b) Rajasthan

(d) Kerala

(e) Assam

18) In Which Olympic year will the Indian Army host the “Army Sports Conclave” to highlight its role in improving Indian sports?

(a) 2028

(b) 2032

(d) 2040

(e) 2044

19) Which round of the India-Kazakhstan Joint Military Exercise KAZIND-2024 commenced on September 30, 2024, at the Surya Foreign Training Node in Auli, Uttarakhand?

(a) 6

(b) 7

(d) 9

(e) 10

20) Where was the Vistara headquarters located in?

(a) Gujarat

(b) Karnataka

(d) Haryana

(e) Maharashtra

Answers :

1) Answer: A

Short Explanation:

The Securities and Exchange Board of India (SEBI) paved the way for the introduction of a new asset class, which will add depth and variety to the investment landscape of the country.

The SEBI, in its board meeting, announced the introduction of a liberalised Mutual Funds Lite (MF Lite) framework for passively managed schemes of mutual funds schemes.

Detailed Explanation:

The Securities and Exchange Board of India (SEBI) paved the way for the introduction of a new asset class, which will add depth and variety to the investment landscape of the country.

The SEBI, in its board meeting, announced the introduction of a liberalised Mutual Funds Lite (MF Lite) framework for passively managed schemes of mutual funds schemes.

The board meeting was the first since Hindenburg Research and Congress’ allegations of ‘conflict of interest’ against SEBI chairperson Madhabi Puri Buch and her husband Dhaval Buch.

The board did not announce tighter norms to curb speculative trading in Futures & Options (F&O), as expected by most of the market participants.

2) Answer: D

Short Explanation:

The Insurance Regulatory and Development Authority of India (IRDAI) introduced new surrender value norms to ensure “reasonableness and value for money” for both exiting and continuing policyholders.

Applicability:All existing policies must comply with the new norms by September 30, 2024, and new policies must offer the revised surrender values from October 1, 2024.

Detailed Explanation:

Under the new norms, surrender value will be at least equal to the present value of the paid-up sum assured on all contingencies covered, plus accrued/vested benefits.

Formula Change:As per the new guidelines, the special surrender value will rise by over 20% compared to the existing regulation, where insurers pay 50% of the total premium if surrendered between the 4th and 7th year.

Applicability:All existing policies must comply with the new norms by September 30, 2024, and new policies must offer the revised surrender values from October 1, 2024.

3) Answer: B

Short Explanation:

Paisabazaar, India’s leading online marketplace for consumer credit and free credit score platform, has partnered with YES BANK, India’s sixth largest private sector bank, to unveil their co-branded credit card – YES BANK Paisabazaar PaisaSave Credit Card.

Detailed Explanation:

Cashback* of 3% on online purchases across popular platforms including Amazon, Myntra, Flipkart, Nykaa, Swiggy, Zomato, Tata Cliq, Ajio, among others

After reaching a monthly cashback limit of INR 5,000 on online transactions, users will continue to earn 1.5% cashback* on further online purchases

Unlimited 1.5% cashback* on all offline purchases, including in-store transactions

Fuel surcharge waiver of 1%* at all fuel stations

Additionally, customers can opt for a virtual YES BANK Rupay Credit Card while applying, enabling them to make UPI payments seamlessly, further expanding the card’s utility.

4) Answer: B

Short Explanation:

Online travel tech platform in India, EaseMyTrip.com has introduced ScanMyTrip.com, the country’s first travel marketplace of its kind.

ONDC is a private non-profit Section 8 company established by the Department for Promotion of Industry and Internal Trade (DPIIT) of the Government of India to develop open e-commerce.

Detailed Explanation:

Online travel tech platform in India, EaseMyTrip.com has introduced ScanMyTrip.com, the country’s first travel marketplace of its kind.

Established : 31 December 2021

MD & CEO : Thampy Koshy

ONDC is a private non-profit Section 8 company established by the Department for Promotion of Industry and Internal Trade (DPIIT) of the Government of India to develop open e-commerce.

5) Answer: C

Short Explanation:

The Asian Development Bank (ADB) has approved a $50 million loan to improve water resources management, enhance access to water, and strengthen community resilience to climate change in the state of Meghalaya, India.

Infrastructure Development: The project will involve the construction of 532 water storage facilities across 12 districts in Meghalaya.

Detailed Explanation:

Alignment with State Policy: The project supports the 2019 Meghalaya State Water Policy, focusing on sustainable development and management of water resources through a participatory approach.

Project Objectives:

Develop a state-wide water-harvesting system (WHS) master plan.

Integrate gender and social inclusion into water management practices.

Address weather patterns and disaster risk management in planning.

Village-Level Water Security: The initiative aims to create water security plans at the village level, to be managed by:

Village Employment Councils (VEC)

Watershed Management Committees (WMC)

Water Users Associations (WUA)

Infrastructure Development: The project will involve the construction of 532 water storage facilities across 12 districts in Meghalaya.

6) Answer: E

Short Explanation:

Jana Small Finance Bank has introduced the ‘Liquid Plus Fixed Deposit’ scheme.

Purpose: The scheme is designed for investors looking to park extra funds for short durations.

Tenure: The tenure for the Liquid Plus Fixed Deposit ranges from 7 days to 180 days.

Detailed Explanation:

Jana Small Finance Bank has introduced the ‘Liquid Plus Fixed Deposit’ scheme.

Purpose: The scheme is designed for investors looking to park extra funds for short durations.

Tenure: The tenure for the Liquid Plus Fixed Deposit ranges from 7 days to 180 days.

Retail Deposits: Minimum deposit amount of ₹10 lakh for amounts up to ₹3 crore.

Bulk Deposits: Minimum deposit of ₹3 crore to ₹200 crore per customer.

Interest Rate: The interest rate for the Liquid Plus Fixed Deposit is 6.75% for all tenures.

7) Answer: C

Short Explanation:

Prime Minister Narendra Modi will commemorate the completion of 10 years since the launch of the Swachh Bharat Mission by participating in the Swachh Bharat Diwas programme on October 2.

PM Modi will launch and lay foundation stones for several sanitation and cleanliness projects worth over Rs 9,600 crore.

Detailed Explanation:

This event will take place at Vigyan Bhawan, New Delhi.

The programme will highlight India’s decade-long achievements in sanitation and cleanliness and showcase the outcomes of the recently concluded “Swachhata Hi Seva” campaign.

PM Modi will launch and lay foundation stones for several sanitation and cleanliness projects worth over Rs 9,600 crore.

Urban Water and Sewage Systems:

Projects worth more than Rs 6,800 crore under the AMRUT and AMRUT 2.0 schemes.

Ganga Basin Initiatives:

10 projects focused on improving water quality and waste management in Ganga basin areas, valued at over Rs 1,550 crore under the National Mission for Clean Ganga.

8) Answer: B

Short Explanation:

Delhi Environment Minister Gopal Rai inaugurated an “Advanced Green War Room” at the Delhi Secretariat, aimed at monitoring and tackling air pollution in the capital, especially as winter approaches.

This initiative is part of a broader 21-point winter action plan announced.

The Green War Room will operate 24/7 to track updates related to air pollution and ensure effective implementation of government measures against pollution.

Detailed Explanation:

This initiative is part of a broader 21-point winter action plan announced.

The Green War Room will operate 24/7 to track updates related to air pollution and ensure effective implementation of government measures against pollution.

Monitoring pollution hotspots using drones.

Real-time source apportionment analysis to identify pollution sources.

Satellite monitoring of stubble burning.

Integration of complaints received via the Green Delhi app.

The war room will be managed by an eight-member team of environmental engineers led by Nandita Moitra from the Delhi Pollution Control Committee (DPCC).

The DPCC recently took over the Delhi government’s pollution “super-site” and mobile van, which previously provided real-time data in collaboration with IIT-Kanpur.

9) Answer: C

Short Explanation:

Adani Airport Holdings has raised ₹19.5 billion (approximately $232.72 million) via a significant domestic bond issue.

Private Banks have also contributed to the bond purchases.

Issue Managers:

Managed by Axis Bank and Trust Investment Advisors.

Detailed Explanation:

Adani Airport Holdings has raised ₹19.5 billion (approximately $232.72 million) via a significant domestic bond issue.

This issuance marks the largest since the allegations made by Hindenburg Research regarding the improper use of offshore tax havens and stock manipulation in January 2023.

₹19.5 billion ($232.72 million) through the bond issue.

This bond issuance is the largest domestic bond issue from Adani since the Hindenburg Research allegations in early 2023.

Anchor Investors:

SBI Equity Hybrid Fund: ₹285 crore.

Aditya Birla Finance: ₹100 crore.

Aditya Birla Sunlife Mutual Fund: ₹50 crore.

Private Banks have also contributed to the bond purchases.

Issue Managers:

Managed by Axis Bank and Trust Investment Advisors.

10) Answer: C

Short Explanation:

Bharti Airtel, India’s second-largest telecom service provider, announced that it has prepaid ₹8,465 crore to the Department of Telecommunications, settling all outstanding dues related to the spectrum acquired in 2016.

In 2016, Airtel purchased 173.8 MHz of spectrum across the 1800, 2100, and 2300 MHz bands for ₹14,244 crore through an auction.

Detailed Explanation:

Spectrum Acquisition:

In 2016, Airtel purchased 173.8 MHz of spectrum across the 1800, 2100, and 2300 MHz bands for ₹14,244 crore through an auction.

Telecom operators who acquired Spectrum in 2016 were obligated to pay dues via annual installments over 12 years, including a 2-year moratorium after making an upfront payment.

Interest Rates and Prepayments:

The liabilities carried an interest rate of 9.3%.

This is the third prepayment made by Airtel in 2024, following its strategy to clear older high-cost spectrum dues.

11) Answer: A

Short Explanation:

Nand Kishore has been appointed as the Chairman and Managing Director (CMD) of Infrastructure Leasing & Financial Services Limited (IL&FS), effective October 1, 2024.

He succeeds CS Rajan, whose tenure as non-executive chairman ended on September 30, 2024.

Detailed Explanation:

Nand Kishore has been appointed as the Chairman and Managing Director (CMD) of Infrastructure Leasing & Financial Services Limited (IL&FS), effective October 1, 2024.

He succeeds CS Rajan, whose tenure as non-executive chairman ended on September 30, 2024.

The appointment of Nand Kishore has been approved by the Ministry of Corporate Affairs.

Nand Kishore was already serving as the managing director of IL&FS prior to his new appointment as CMD.

12) Answer: E

Gandhi Jayanti is celebrated in India to commemorate the birth anniversary of the freedom fighter Mohandas Karamchand Gandhi, also known as Mahatma Gandhi.

This day is celebrated on 2nd October of every year as he was born on 2nd October 1869.

This day is one of the national holidays in India.

Mahatma Gandhi is also called the “Father of The Nation.

13) Answer: B

Short Explanation:

The International Day of Non-violence is observed on the 2nd October of every year.

In 2004, Iranian Nobel laureate Shirin Ebadi had a proposal of an International Day of Non-Violence.

Detailed Explanation:

The International Day of Non-violence is observed on the 2nd October of every year.

In 2004, Iranian Nobel laureate Shirin Ebadi had a proposal of an International Day of Non-Violence.

In January 2007, they called upon the United Nations to adopt the idea.

On 5th June 2007, the UN General Assembly adopted the resolution and established the International Day of Non-Violence.

The International Day of Non-Violence is observed on 2nd October in order to commemorate the birth anniversary of the Non-violent freedom fighter Mohandas Karmchand Gandhi.

14) Answer: C

Short Explanation:

Ishpreet Singh Chadha, hailing from Mumbai, recently achieved a remarkable milestone by reaching the quarterfinals of the professional snooker circuit, defeating the legendary Mark Selby, a four-time World Snooker champion.

Detailed Explanation:

This victory marks a significant achievement for Chadha, as he becomes the first Indian in 10 years to advance to a pro semifinal at one of the four Home Nations majors.

Chadha’s coach, Yasin Merchant, an esteemed Indian cueist, trained him to focus solely on the game rather than the reputations of opponents.

15) Answer: B

Short Explanation:

Rajasthan Chief Minister Bhajan Lal Sharma announced that investment agreements (MoUs) worthRs 12.5 trillion have been signed during roadshows in Mumbai and Delhi, paving the way for the upcoming “Rising Rajasthan” global investment summit, scheduled for December 9-11 in Jaipur.

Detailed Explanation:

In Mumbai, the MoUs worth Rs 4.5 trillion were signed in August, targeting investments in renewable energy, cement, auto components, and battery storage sectors.

These investments are expected to create 700,000 job opportunities in Rajasthan.

In Delhi, the Additional MoUs worth Rs 8 trillion were signed, enhancing the overall investment commitment.

Chief Minister Sharma emphasized Rajasthan’s emergence as a business hub, prioritizing services for investors

16) Answer: A

Short Explanation:

World Vegetarian Day is observed on the 1st of October of every year.

In 1977, the North American Vegetarian Society (NAVS) founded World Vegetarian Day.

Detailed Explanation:

World Vegetarian Day is observed on the 1st of October of every year.

In 1977, the North American Vegetarian Society (NAVS) founded World Vegetarian Day.

In 1978, the International Vegetarian Union endorsed the World Vegetarian Day.

According to the North American Vegetarian Society, World Vegetarian Day was observed in order to create some awareness about the health, humanitarian, and ethical of a vegetarian lifestyle.

World Vegetarian Day aims to promote life-enhancing possibilities and the joy of eating vegetarian dishes.

17) Answer: B

Short Explanation:

Tata Power has signed a Memorandum of Understanding (MoU) with the Rajasthan government to advance power distribution, transmission, and green energy projects, significantly boosting its renewable energy presence in the state.

This agreement was signed at the ‘Rising Rajasthan Investor Meet’ in New Delhi.

Detailed Explanation:

This agreement was signed at the ‘Rising Rajasthan Investor Meet’ in New Delhi.

Tata Power will invest ₹1.2 trillion in power projects over the next 10 years, with ₹75,000 crore dedicated to renewable energy.

The initiative is expected to generate 28,000 jobs across the state.

The company plans to develop 10 GW of renewable capacity, including 6 GW of solar and 4 GW of hybrid energy across Bikaner, Jaisalmer, Barmer, and Jodhpur.

A 2 GW solar module manufacturing facility will be established in Jodhpur with an investment of ₹2,000 crore.

18) Answer: C

Short Explanation:

The Indian Army hosted the “Army Sports Conclave”to highlight its contribution to India’s sports and align efforts for the 2036 Olympics.

Collaboration: The conclave stressed collaboration with key stakeholders like the Indian Olympics Association, Sports Authority of India (SAI), and National Sports Federations to enhance India’s global sporting ambitions.

Detailed Explanation:

The Indian Army hosted the “Army Sports Conclave”to highlight its contribution to India’s sports and align efforts for the 2036 Olympics.

Indian Army’s Role: The Indian Armed Forces have a tradition of contributing to India’s international sports achievements (e.g., Asian Games and Olympics) and play a significant role in promoting national pride and fitness through sports.

Mission Olympics Wing:

Established in 2001.

Trains 9,000 sportspersons across 28 sports nodes.

In collaboration with SAI, there are 18 Boys Sports Companies and 2 Girls Sports Companies (for ages 9 to 16 years).

A Paralympic Node exists for training disabled soldiers for Paralympic sports.

19) Answer: C

Short Explanation:

The 8th edition of the India-Kazakhstan Joint Military Exercise KAZIND-2024 began on September 30, 2024, at the Surya Foreign Training Node in Auli, Uttarakhand.

The exercise is scheduled to take place from September 30 to October 13, 2024.

KAZIND has been conducted annually since 2016, promoting military cooperation between India and Kazakhstan.

The last exercise was held in Otar, Kazakhstan, from October 30 to November 11, 2023.

Detailed Explanation:

The 8th edition of the India-Kazakhstan Joint Military Exercise KAZIND-2024 began on September 30, 2024, at the Surya Foreign Training Node in Auli, Uttarakhand.

The exercise is scheduled to take place from September 30 to October 13, 2024.

KAZIND has been conducted annually since 2016, promoting military cooperation between India and Kazakhstan.

The last exercise was held in Otar, Kazakhstan, from October 30 to November 11, 2023.

Indian Armed Forces: Represented by 120 personnel from a battalion of the KUMAON Regiment, along with additional arms, services, and Indian Air Force personnel.

Kazakhstan Contingent: Mainly composed of personnel from the Land Forces and Airborne Assault Troopers.

Aim of the Joint Exercise : To enhance joint military capability of both sides to undertake counter terrorism operations in a sub conventional scenario under Chapter VII of the United Nations Charter.

20) Answer: D

About Vistara :

Founded : 2013 (Commenced Operations : 9 January 2015)

Headquarters : Gurgaon, Haryana, India

Chairman : Bhaskar Bhat

CEO : Vinod Kannan

This post was last modified on October 3, 2024 11:06 pm

3 months ago

Daily Current Affairs Quiz – 02nd October 2024

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