Daily Current Affairs Quiz – 05th Sep 2024

Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2024 of 05th 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) The Reserve Bank of India (RBI) has received a formal application from AU Small Finance Bank requesting permission to change its status from a small finance bank to a universal bank. At the conclusion of the preceding quarter, what was the minimum net worth in crores?

(a) ₹1,000 crore

(b) ₹2,000 crore

(d) ₹3,000 crore

(e) ₹1,500 crore

2) The National Payments Corporation of India (NPCI) has launched items targeted at upgrading the country’s ATM infrastructure. The RBI announced the rebranding of the Bharat Bill Payment System (BBPS) as what?

(a) Bharat Unite

(b) Bharat Connect

(d) Bharat Digital

(e) Bharat Billpay

3) Which organization has recommended a series of approaches to make rights concerns more appealing as a fundraising vehicle?

(a) SEBI

(b) SIDBI

(d) RBI

(e) NABARD

4) India’s Account Aggregator (AA) framework has received over 100 million consents in three years. Which year did India launch the account aggregator structure to improve financial data accessibility and financial inclusion?

(a) 2020

(b) 2021

(d) 2019

(e) 2023

5) The government is planning a national brand for FPO products when the policy is finalized. Samunnati, which is commemorating ten years of existence, has made important contributions to the FPO movement, in which business plays a key role?

(a) SEBI

(b) SIDBI

(d) RBI

(e) NABARD

6) How many capital purchase projects totaling Rs 1,44,716 crore had their Acceptance of Necessity (AoN) approved by the Defence Acquisition Council (DAC), presided over by Defence Minister Rajnath Singh?

(a) 10

(b) 12

(d) 15

(e) 8

7) Which state changes the federal legislation about rape, gang rape, and sexual offenses against minors first?

(a) Gujarat

(b) Mizoram

(d) West Bengal

(e) Tamil Nadu

8) In an effort to increase expenditure in the remaining months of the current fiscal year, the Finance Ministry has loosened cash management standards. For the current fiscal year, the government wants to exceed how many lakh crores in capital expenditures?

(a) ₹11 lakh crore

(b) ₹10 lakh crore

(d) ₹5 lakh crore

(e) ₹2 lakh crore

9) India’s GDP growth estimate for the Financial Year 2024–2025 has been raised by the World Bank from 6.6% to what percentage?

(a) 7.5%

(b) 7.0%

(d) 7.3%

(e) 7.8%

10) Which business announced on September 1, 2024, the appointment of Bharath Sesha as Managing Director for India?

(a) Sony

(b) Philips

(d) Panasonic

(e) Godrej

11) Which year did the UN General Assembly announce that September 5th will be the International Day of Charity?

(a) 2011

(b) 2012

(d) 2014

(e) 2015

12) Which year is National Teachers Day observed in India on September 5th each year?

(a) 1961

(b) 1960

(d) 1963

(e) 1965

13) In which para-sport, Suhas Lalinakere Yathiraj from India competes?

(a) Badminton

(b) Shotput

(d) Archery

(e) Javelin Throw

14) Since 2022, Brendan McCullum has coached which national Test cricket team as per the recent news (Sep 2024)?

(a) New Zealand

(b) England

(d) South Africa

(e) Australia

15) India’s Performance at the Second World Deaf Shooting Championship. Dhanush Srikanth and Mahit Sandhu established a world record in the qualification round, scoring _______________, demonstrating their extraordinary shooting abilities.

(a) 628.8

(b) 628.5

(d) 628.6

(e) 628.9

16) The BCCI has selected former India wicketkeeper Ajay Ratra as a selector for the men’s cricket squad. Ajay Ratra’s appointment comes just before a two-Test series against which country, which begins on September 19?

(a) New Zealand

(b) England

(d) South Africa

(e) Australia

17) In FY24, Telangana, Tamil Nadu, and Rajasthan saw the biggest growth in real Gross State Domestic Product (GSDP) among India’s ten largest states. In which state did sectors like agriculture, construction, and real estate contribute to total growth?

(a) Maharashtra

(b) Tamil Nadu

(d) Uttar Pradesh

(e) Karnataka

18) The Comptroller and Auditor General of India (CAG) signed a Memorandum of Understanding (MoU) with the Accountability Authority of which nation during a bilateral meeting?

(a) USA

(b) Japan

(d) UAE

(e) France

19) Which department, to support India’s energy efficiency programs, signed a Memorandum of Understanding (MoU) with the Bureau of Energy Efficiency (BEE) under the National Test House (NTH)?

(a) Consumer affairs

(b) Power

(d) Internal Trade

(e) Agriculture

20) Under the Marie Skłodowska-Curie Actions, the European Union and the Council of Scientific and Industrial Research, India, have announced co-funding to enhance EU-Indian research collaboration. Funding will be provided between 2025 and __________.

(a) 2026

(b) 2027

(d) 2029

(e) 2030

21) Japan is now the _____ country to have achieved a soft lunar landing, having just done it eight months ago with the Smart Lander for Investigating Moon (SLIM), also known as the “Moon Sniper” due to its precise landing.

(a) 2nd

(b) 4th

(d) 3rd

(e) 1st

22) The $100 million solar facility and insurance initiative will be unveiled by the International Solar Alliance to improve solar projects throughout Africa. Where will the launch of both efforts likely take place at the inaugural international solar festival of ISA?

(a) New Delhi

(b) Maharashtra

(d) Vizag

(e) Chennai

23) Under SCOMET, the Department of Defense Production is now authorized to grant licenses for the export of ammunition. Which chapter of the Foreign Trade Policy (FTP) has a full explanation of the SCOMET policy and procedures?

(a) Chapter 9

(b) Chapter 10

(d) Chapter 12

(e) Chapter 11

24) The Director General of Naval Armament Inspection receives the production documentation for the 30mm High Explosive Preformed Fragmentation Shell from the Defence Research and Development Organization. Which city was the location of the ceremony?

(a) Kolkata

(b) Pune

(d) Chennai

(e) Patna

25) Where is the headquarters of Philips?

(a) Finland

(b) Poland

(d) Germany

(e) Australia

Answers :

1) Answer: A

Short Explanation:

AU Small Finance Bank has formally applied to the Reserve Bank of India (RBI) for approval to transition from a small finance bank to a universal bank.

The RBI’s invitation for applications from small finance banks (SFBs) to become universal banks was issued on April 26, 2024.

Detailed Explanation:

AU Small Finance Bank has formally applied to the Reserve Bank of India (RBI) for approval to transition from a small finance bank to a universal bank.

The RBI’s invitation for applications from small finance banks (SFBs) to become universal banks was issued on April 26, 2024.

Net Worth: Minimum net worth of ₹1,000 crore at the end of the previous quarter.

Asset Quality: Gross non-performing assets (GNPA) and net non-performing assets (NNPA) should be ≤3% and ≤1%, respectively, in the last two financial years.

Performance Track Record: Minimum five-year satisfactory track record.

Guidelines Issued: The RBI issued licensing guidelines for small finance banks in November 2014.

2) Answer: B

Short Explanation:

The National Payments Corporation of India (NPCI) unveiled products aimed at transforming ATM infrastructure in the country.

Additionally, RBI announced the rebranding of the Bharat Bill Payment System (BBPS) to Bharat Connect.

Detailed Explanation:

The National Payments Corporation of India (NPCI) unveiled products aimed at transforming ATM infrastructure in the country.

NPCI’s launches at the Global Fintech Fest included UPI Interoperable Cash Deposit and banks showcasing digital banking units.

Such ATMs are cash recycler machines, used for both cash deposits and withdrawals.

Additionally, RBI announced the rebranding of the Bharat Bill Payment System (BBPS) to Bharat Connect.

This is an important step to refresh and strengthen the BBPS brand.

3) Answer: A

Short Explanation:

The Securities and Exchange Board of India (SEBI) has proposed a number of steps to increase the attractiveness of rights issues as a mode of fundraising.

ICDR Regulations for Small Issues: Rights issues of less than ₹50 crore may come under the purview of ICDR (Issue of Capital and Disclosure Requirements) Regulations.

Detailed Explanation:

The Securities and Exchange Board of India (SEBI) has proposed a number of steps to increase the attractiveness of rights issues as a mode of fundraising.

The measures include doing away with the requirement of filing a draft letter of offer (DLoF) with SEBI, rationalising the content of the letter of offer (LoF) by reducing the number of disclosures, reviewing the role of intermediaries, reducing the timelines and enabling allotment to select investors.

Reduced Timelines:The timeline for rights issues may be shortened to T+20 working days from board approval to issue closure.

Current vs. Proposed Timelines: Non-fast-track rights issues currently take an average of 317 days, while fast-track rights issues take 126 days.

ICDR Regulations for Small Issues: Rights issues of less than ₹50 crore may come under the purview of ICDR (Issue of Capital and Disclosure Requirements) Regulations.

4) Answer: B

Short Explanation:

India’s Account Aggregator (AA) framework has surpassed 100 million consents in three years.

India launched account aggregator framework in September 2021 to ease the accessibility of financial data and boost financial inclusion.

Detailed Explanation:

India’s Account Aggregator (AA) framework has surpassed 100 million consents in three years.

Components of the AA Ecosystem:An FIU and an FIP are major components of the AA ecosystem.

Financial Information Providers (FIPs): Institutions like banks, non-banking financial companies (NBFCs), and depositories that store user data.

Financial Information Users (FIUs): Entities that receive and use financial information with consent from AAs.

Digital Public Infrastructure (DPI): The AA ecosystem implements a digital public infrastructure (DPI) for consent-based data sharing in the financial sector.

India launched account aggregator framework in September 2021 to ease the accessibility of financial data and boost financial inclusion.

5) Answer: E

Short Explanation:

The Union government is finalizing a national policy for Farmer Producer Organisations (FPOs) and is considering the creation of a national brand for products emerging from the FPO ecosystem.

Samunnati, celebrating 10 years of operations, has significantly contributed to the FPO movement, with NABARD playing a crucial role.

Detailed Explanation:

Over the next two years, the program aims to increase the FPO membership base to 50 lakh farmers with plans to boost equity infusion to over ₹800 crore.

The government is working on developing a uniform grading tool for FPOs, consolidating guidelines from SFAC, Samunnati, Crisil, and NABARD.

To ease financial access for FPOs, the Agriculture Ministry is in discussions with the Finance Ministry to lower the cost of capital for these organizations.

Samunnati, celebrating 10 years of operations, has significantly contributed to the FPO movement, with NABARD playing a crucial role.

6) Answer: A

Short Explanation:

The Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh, approved the Acceptance of Necessity (AoN) for 10 capital acquisition proposals worth Rs 1,44,716 crore.

Detailed Explanation:

99% of the acquisitions will be sourced from indigenous origins under the Buy (Indian) and Buy (Indian-Indigenously Designed Developed and Manufactured) categories.

This decision aligns with the government’s vision of boosting local manufacturing and reducing dependency on foreign imports.

The proposals include the procurement of Future Ready Combat Vehicles (FRCVs) for the Indian Army.

The FRCV will be a futuristic Main Battle Tank featuring superior mobility, all-terrain capability, multilayered protections, precision and lethal firepower, and real-time situational awareness.

7) Answer: D

Short Explanation:

The West Bengal Assembly unanimously passed the ‘Aparajita Woman and Child Bill (West Bengal Criminal Laws and Amendment) Bill 2024’.

West Bengal becomes the first state to amend central laws relating to rape, gang-rape, and sexual crimes against children.

Detailed Explanation:

The West Bengal Assembly unanimously passed the ‘Aparajita Woman and Child Bill (West Bengal Criminal Laws and Amendment) Bill 2024’.

The bill seeks capital punishment for rape convicts if their actions result in the victim’s death or leave her in a vegetative state.

The bill proposes to amend the BharatiyaNyay Sanhita 2023, Bharatiya Nagarik Suraksha Sanhita 2023, and the Protection of Children from Sexual Offences (POCSO) Act 2012 within the state.

West Bengal becomes the first state to amend central laws relating to rape, gang-rape, and sexual crimes against children.

The bill is named ‘Aparajita’ in tribute to a 31-year-old trainee doctor who was raped and murdered at RG Kar Medical Centre and Hospital.

Aparajita Task Force: Established to ensure that punishment is delivered within 21 days of the preliminary report.

8) Answer: A

Short Explanation:

The Finance Ministry has relaxed cash management guidelines to boost spending in the remaining months of the current fiscal year.

The government has set a target of exceeding ₹11 lakh crore in capital expenditure for the ongoing fiscal year.

Detailed Explanation:

The Finance Ministry has relaxed cash management guidelines to boost spending in the remaining months of the current fiscal year.

This change aims to address the impact of low government spending due to the general elections on economic growth during the April-June quarter.

The government has set a target of exceeding ₹11 lakh crore in capital expenditure for the ongoing fiscal year.

This target underscores the need for increased spending to drive economic growth.

To meet the fiscal year 2025 budget estimate, ₹8.5 lakh crore of capital expenditure must be achieved in the remaining eight months of the year. This represents a 34.6% increase compared to the same period in FY2024.

9) Answer: B

Short Explanation:

The World Bank has increased India’s GDP growth forecast for the Financial Year 2024-25 to 7%, up from 6.6%.

This change reflects strong economic momentum driven by private consumption and investment.

Detailed Explanation:

The World Bank has increased India’s GDP growth forecast for the Financial Year 2024-25 to 7%, up from 6.6%.

This change reflects strong economic momentum driven by private consumption and investment.

IMF Projection: The International Monetary Fund (IMF) has similarly revised its growth projection for India to 7%, an increase of 20 basis points. This adjustment aligns with the World Bank’s optimistic outlook.

Quarterly GDP Data: According to the Ministry of Statistics and Programme Implementation, India’s GDP growth for the first quarter of FY 2024-25 was recorded at 6.7%. This was influenced by a reduction in government spending due to the Model Code of Conduct for the General Elections 2024.

10) Answer: B

Short Explanation:

Dutch multinational conglomerate Philips has appointed Bharath Sesha as Managing Director for India, starting September 1, 2024.

Sesha succeeds Daniel Mazon, who has transitioned to a global role at Philips’ headquarters in the Netherlands.

Detailed Explanation:

Dutch multinational conglomerate Philips has appointed Bharath Sesha as Managing Director for India, starting September 1, 2024.

Responsibilities: He will lead Philips’ growth strategy in India, oversee the healthcare business based in Gurugram, and manage operations across key locations in India.

Sesha succeeds Daniel Mazon, who has transitioned to a global role at Philips’ headquarters in the Netherlands.

Before joining Philips, Bharath Sesha was the Managing Director at Heubach Colorants India.

11) Answer: B

Short Explanation:

International Day of Charity is observed on September 5th to promote and encourage charitable activities around the globe.

In 2012, the United Nations General Assembly declared the International Day of Charity was observed on the 5th of September.

Detailed Explanation:

International Day of Charity is observed on September 5th to promote and encourage charitable activities around the globe.

In 2012, the United Nations General Assembly declared the International Day of Charity was observed on the 5th of September.

They declared September 5 as an International Day of Charity in order to remember the death anniversary of Mother Theresa who was awarded the Nobel Prize for Peace in 1979.

This day was constructed by a Hungarian civil society with the support of the Hungarian government.

On 17 December 2012, the UN General Assembly declared the 5th of September as the International Day of Charity.

12) Answer: C

Short Explanation:

In India, every year 5th of September is celebrated as National Teachers Day to contribute to our teachers.

The theme for Teacher’s Day 2024 is “Empowering Educators for a Sustainable Future,”

Since 1962 every year 5th of September is celebrated as National Teachers Day in India.

Detailed Explanation:

In India, every year 5th of September is celebrated as National Teachers Day to contribute to our teachers.

The theme for Teacher’s Day 2024 is “Empowering Educators for a Sustainable Future,”

Fifth September is the birth anniversary of Dr. Sarevepalli Radhakrishnan, the former president of India who was a well-known Teacher, Scholar, and Philosopher.

Since 1962 every year 5th of September is celebrated as National Teachers Day in India.

13) Answer: A

Short Explanation:

Suhas LalinakereYathiraj, a prominent Indian para-badminton star, secured the silver medal in the men’s singles SL4 category at the Paris 2024 Paralympics.

The match was held at the Stade Pierre de Coubertin, where Suhas faced world champion Lucas Mazur.

Detailed Explanation:

Suhas LalinakereYathiraj, a prominent Indian para-badminton star, secured the silver medal in the men’s singles SL4 category at the Paris 2024 Paralympics.

The match was held at the Stade Pierre de Coubertin, where Suhas faced world champion Lucas Mazur.

Despite a hard-fought battle, Suhas finished with a silver medal.

This is Suhas’s second consecutive Paralympic silver, following a similar achievement at the Tokyo 2020 Paralympics.

In both finals, he faced Lucas Mazur, the formidable opponent who narrowly defeated him. Despite the result, Suhas’s resilience earned him admiration and respect.

14) Answer: B

Short Explanation:

Brendon McCullum, currently the coach of England’s Test cricket team since 2022, will also take charge of the one-day international (ODI) and Twenty20 (T20) teams starting from 2024.

This decision is part of a revised leadership structure within the England and Wales Cricket Board (ECB).

The ECB has extended McCullum’s contract until 2027.

Detailed Explanation:

This decision is part of a revised leadership structure within the England and Wales Cricket Board (ECB).

The ECB has extended McCullum’s contract until 2027.

Matthew Mott, the former white-ball coach of England, resigned on July 30 after England’s disappointing defenses of their ODI and T20 world titles.

Mott, who served for two years, led England to the T20 World Cup title in 2022 but faced criticism for not getting the best out of the team under Jos Buttler’s captaincy.

McCullum’s laid-back yet effective “Bazball” approach, known for its emphasis on attacking play and strategic freedom, has revitalized England’s Test team under Ben Stokes.

15) Answer: A

Short Explanation:

Dhanush Srikanth and Mahit Sandhu secured the gold medal in the mixed air rifle event at the 2nd World Deaf Shooting Championship in Hannover, Germany.

Dhanush Srikanth and Mahit Sandhu set a world record in the qualification round with a score of 628.8, showcasing their exceptional shooting skills.

Detailed Explanation:

Dhanush Srikanth and Mahit Sandhu secured the gold medal in the mixed air rifle event at the 2nd World Deaf Shooting Championship in Hannover, Germany.

The duo defeated fellow Indian competitors Mohammed Vania and Natasha Joshi with a score of 17-5 in the final.

Dhanush Srikanth and Mahit Sandhu set a world record in the qualification round with a score of 628.8, showcasing their exceptional shooting skills.

In the mixed air pistol event, Abhinav Deshwal and Pranjali Dhumal were defeated 17-7 by the Ukrainian team of Oleksii Lazenyk and Inna Afonchenko in the gold medal match.

16) Answer: C

Short Explanation:

The Board of Control for Cricket in India (BCCI) has appointed Ajay Ratra, a former India wicketkeeper, as a selector for the men’s cricket team.

Ratra replacesSalil Ankola in the five-member selection panel.

Ajay Ratra’s appointment comes just before the two-Test series against Bangladesh, starting on September 19.

Detailed Explanation:

The Board of Control for Cricket in India (BCCI) has appointed Ajay Ratra, a former India wicketkeeper, as a selector for the men’s cricket team.

Ratra replacesSalil Ankola in the five-member selection panel.

As per the convention, each of the five selectors represents a different zone. Ratra will represent the North Zone in the committee, which is headed by Ajit Agarkar.

Ajay Ratra’s appointment comes just before the two-Test series against Bangladesh, starting on September 19.

He will also be actively involved in selection duties during the Duleep Trophy.

17) Answer: B

Short Explanation:

Telangana, Tamil Nadu, and Rajasthan have recorded the highest growth inreal Gross State Domestic Product (GSDP) in FY24 among India’s ten largest states.

For Tamil Nadu, sectors such as agriculture, construction, and real estate boosted overall growth.

Detailed Explanation:

Telangana, Tamil Nadu, and Rajasthan have recorded the highest growth inreal Gross State Domestic Product (GSDP) in FY24 among India’s ten largest states.

Telangana (9th largest state) grew its economy by 9.2%, reaching a real GSDP of ₹7.9 lakh crore, surpassing the national GDP growth of 8.2%.

Tamil Nadu (3rd largest state) grew by 8.2%, achieving a real GSDP of ₹15.7 lakh crore.

Rajasthan (7th largest state) recorded an 8% growth.

Maharashtra, with a real GSDP of ₹24.1 lakh crore, remains the largest economy in India.

Estimates for Gujarat, the second-largest in FY23, are not yet available but are expected to retain that position based on budget estimates.

The agricultural sector underperformed in many states due to El Niño, affecting growth.

For Tamil Nadu, sectors such as agriculture, construction, and real estate boosted overall growth.

In Telangana, growth was aided by real estate and services, along with a rebound in the manufacturing sector after a lull between FY20 and FY23.

18) Answer: D

Short Explanation:

The Comptroller and Auditor General of India (CAG) has signed a Memorandum of Understanding (MoU) with the Accountability Authority of the United Arab Emirates (UAE) during a bilateral meeting in Abu Dhabi.

Detailed Explanation:

The MoU aims to promote and develop cooperation between the two Supreme Audit Institutions (SAIs), enhancing their professional capacity and improving methodologies in public sector auditing.

Exchange of Knowledge and Experiences: Facilitating the sharing of expertise in public auditing.

Capacity Development Programmes: Conducting training programs at SAI India or SAI UAE based on identified needs.

19) Answer: A

Short Explanation:

The National Test House (NTH) under the Department of Consumer Affairs signed a Memorandum of Understanding (MoU) with the Bureau of Energy Efficiency (BEE) to strengthen India’s energy efficiency initiatives.

The MoU aims to enhance the Standards & Labelling (S&L) Programme, a vital initiative that promotes energy efficiency across the country.

Detailed Explanation:

The MoU aims to enhance the Standards & Labelling (S&L) Programme, a vital initiative that promotes energy efficiency across the country.

NTH will conduct capacity-building training for BEE officers and will have its officers nominated to BEE’s various technical committees.

NTH is India’s largest multidisciplinary testing laboratory, providing technical consultancy, testing, calibration, and quality evaluation across various sectors.

BEE, established in 2002 under the Ministry of Power, focuses on reducing the energy intensity of the Indian economy through policies and strategies for energy conservation.

20) Answer: B

Short Explanation:

The European Union and India’s Council of Scientific and Industrial Research (CSIR) have launched a new co-funding initiative for the Marie Skłodowska-Curie Actions (MSCA) Staff Exchanges, part of the EU’s research and innovation programme, Horizon Europe.

The funding will be from 2025 to 2027 and be open to any CSIR institution involved in successful projects selected under the upcoming Staff Exchange calls.

Detailed Explanation:

The funding will be from 2025 to 2027 and be open to any CSIR institution involved in successful projects selected under the upcoming Staff Exchange calls.

Through its Staff Exchanges scheme, the MSCA promotes collaborative research, knowledge transfer and innovation by supporting the secondment of research and innovation staff within international consortia of organisations based in the EU, countries associated with Horizon Europe and third countries.

21) Answer: C

Short Explanation:

Japan’s space agency ended its Moon lander operation after losing communication with the uncrewed spacecraft.

The Smart Lander for Investigating Moon (SLIM), dubbed the “Moon Sniper” for its landing precision, touched down eight months ago-making Japan only the 5th nation to achieve a soft lunar landing.

Detailed Explanation:

Japan’s space agency ended its Moon lander operation after losing communication with the uncrewed spacecraft.

The touchdown of the unmanned lander in January was a success, but it landed at a wonky angle that left its solar panels facing the wrong way.

The SLIM’s mission aims to examine a part of the Moon’s mantle, the usually deep inner layer beneath its crust believed to be accessible at the crater where it landed.

22) Answer: A

Short Explanation:

The International Solar Alliance (ISA) will launch a $100 million fund, Global Solar Facility, that will help catalysing up to $1.5 billion in funding to expand decentralised solar power capacities across the least developed countries in Africa, where more than 700 million people have no access to electricity.

International Solar Festival:The announcement of both initiatives is expected at ISA’s first international solar festival in New Delhi.

Detailed Explanation:

International Solar Festival:The announcement of both initiatives is expected at ISA’s first international solar festival in New Delhi.

Funding Details:The $100 million guarantee fund is projected to leverage approximately 15 times its value, potentially resulting in $1.5 billion in solar projects.

Currently, $39 million has been committed to the fund, with an additional $15 million expected soon. The fund will be operational once it reaches $50 million.

Nuru Project and Insurance:The insurance mechanism will be applied to the Nuru project in Congo, which involves hybrid solar mini-grids.

23) Answer: B

Short Explanation:

The Directorate General of Foreign Trade (DGFT) has designated the Department of Defence Production (DDP) under the Ministry of Defence as the licensing authority for the export of ammunition items listed under Category 6 of the SCOMET (Special Chemicals, Organisms, Materials, Equipment and Technologies) meant for military use.

Regulatory Framework: The policy and procedures under SCOMET are detailed in Chapter 10 of the Foreign Trade Policy (FTP) and Handbook of Procedures (HBP) 2023, and are regulated under Chapter IVA of the Foreign Trade (Development & Regulation) Act, 1992 (amended in 2010).

Detailed Explanation:

The DGFT, under the Ministry of Commerce and Industry, has notified and updated the SCOMET list for 2024.

The list is outlined in Appendix 3 to Schedule 2 of the ITC (HS) Classification of Export and Import Items.

24) Answer: B

Short Explanation:

The Defence Research and Development Organisation (DRDO) handed over the production document for the 30mm High Explosive Preformed Fragmentation (HEPF) Shell to the Director General of Naval Armament Inspection (DGNAI).

The ceremony took place at the Armament Research and Development Establishment (ARDE) in Pashan, Pune.

Detailed Explanation:

The ceremony took place at the Armament Research and Development Establishment (ARDE) in Pashan, Pune.

This 30mm HEPF shell, developed by ARDE, the Pune-based laboratory of DRDO, will further enhance the combat capability of the Indian Navy against drones.

The features of HEPF shell are similar to the in-service ammunition (HE/I Shell) so that it can be fired from existing AK-630 Naval gun.

The HEPF shell yields better fragmentation lethality than HE/I shell, making it effective for neutralisation of drone swarms.

Manufacturing and Testing:The shell hardware was produced by three Indian firms according to ARDE specifications.

25) Answer: C

About Philips :

Founded : 15 May 1891

Headquarters : Amsterdam, Netherlands

CEO : Roy Jakobs

This post was last modified on September 6, 2024 2:44 pm

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Daily Current Affairs Quiz – 05th Sep 2024

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