Daily Current Affairs Quiz – 06th August 2024

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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2024 of 06th August 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) By financial year 2023-24, write-offs in scheduled commercial banks will drop by over what percentage to ₹1.70 lakh crore?

(a) 20%

(b) 21%

(d) 25%

(e) 27%

2) Which bank had a 5.7% increase in net interest income and a 0.9% increase in net profit to ₹17,035 crore in Q1FY25?

(a) Canara bank

(b) SBI

(d) Axis bank

(e) ICICI bank

3) In order to pay off the outstanding debt with the J&K Bank, how much crores has the Union government of J&K granted?

(a) Rs 7,900 crore

(b) Rs 6,900 crore

(d) Rs 5,900 crore

(e) Rs 8,900 crore

4) For breaking many rules, HDFC Life Insurance Company was fined how much crore by the Insurance Regulatory and Development Authority of India (IRDAI)?

(a) Rs.1crore

(b) Rs.1.5crore

(d) Rs.2.5crore

(e) Rs.3crore

5) The Ministry of External Affairs has said that over 13.35 lakh students are now pursuing higher education in other nations, in answer to inquiries about students who have started their study abroad trip. Which nation came in first on the list?

(a) US

(b) Canada

(d) China

(e) Australia

6) Which nation, a landlocked country in drought-stricken Southern Africa, has signed the UN Water Convention, demonstrating obvious political resolve for cross-border water cooperation?

(a) Angola

(b) Zimbabwe

(d) Botswana

(e) Namibia

7) Which state will host the development of the National Maritime Heritage Complex (NMHC) by India and Vietnam, two countries with a long and intricate maritime history?

(a) Karnataka

(b) Gujarat

(d) Madhya Pradesh

(e) Sikkim

8) The Parandur location to be the second airport in Chennai has received sanction from the Union government. At an approximate cost of how many crores will the greenfield airport be developed?

(a) Rs.32,704 crore

(b) Rs.31,704 crore

(d) Rs.33,704 crore

(e) Rs.35,704 crore

9) Which business has paid the Department of Telecommunications (DoT) outstanding amounts of Rs 1,500 crore, including revenue sharing license fees and spectrum usage charges?

(a) Airtel

(b) BSNL

(d) Jio

(e) MTNL

10) Which state will see a major influence on the semiconductor sector in India from Tata Electronics’ new chip assembly and testing facility?

(a) Assam

(b) Bihar

(d) Karnataka

(e) Jharkhand

11) Who was the Director General (DG) of the Border Security Force (BSF) which the Central government sent back to his state cadre?

(a) Daljit Singh Chawdhary

(b) Nitin Agrawal

(d) Sanjay Seth

(e) Anil Agarwal

12) Which state will likely see Yogesh Bahadur Khurania (Y.B. Khurania), a senior Indian Police Service (IPS) officer from the 1990 batch, take over as the next Director General of Police (DGP)?

(a) Assam

(b) Bihar

(d) Karnataka

(e) Jharkhand

13) A demonstration of the expanding maritime security cooperation between India and Sri Lanka is the two-day visit of Indian Navy submarine INS ___________ to Sri Lanka.

(a) INS Karanj

(b) INS Vagir

(d) INS Shalki

(e) None of these

14) For the next Axiom-4 trip to the International Space Station, India has selected _________ astronaut-designates.

(a) 1

(b) 2

(d) 4

(e) 5

15) At the Paris 2024 Olympics, French judoka Teddy Riner won his fourth gold medal in the 100+kg division.Which nation’s Kim Min-Jong, ranked #1 in the world, lost against Riner?

(a) Hong Kong

(b) China

(d) South Korea

(e) Norway

16) As per August report, Azista BST Aerospace is granted permission by the Indian National Space Promotion and Authorization Centre to establish and run a ground station. The UHF frequency range, which spans from ____ MHz to 3 GHz, is where the ground stations will function.

(a) 200MHz

(b) 100MHz

(d) 400MHz

(e) 500MHz

17) Who was crowned Germany’s 2023–24 Player of the Year, capping his remarkable career?

(a) Toni Kroos

(b) Florian Wirtz

(d) Xabi Alonso

(e) Frank Schmidt

18) According to the Paris Olympics 2024, which of the following statement is incorrect?

(a) Kaylia Nemour Makes History with Olympic Gold in Gymnastics

(b) THEA LaFond Wins Dominica’s First Olympic Medal with Gold in Triple Jump

(d) China Sets World Record in Mixed 4x100m Medley Relay at Paris Olympics

(e) Novak Djokovic Wins Olympic Gold, Completes Career Achievements

19) Veteran Kuchipudi and Bharatanatyam dancer Yamini Krishnamurthy died away in New Delhi. Which year did she release her autobiography, “A Passion For Dance”?

(a) 1992

(b) 1994

(d) 1997

(e) 1999

20) Every year August 6 is recognized as Hiroshima Day. In which year, the United States (US) launched a nuclear weapon in the city of Hiroshima which is located in the nation of Japan?

(a) 1944

(b) 1945

(d) 1943

(e) 1948

Answers :

1) Answer: E

Short Explanation:

As per the data presented in the Lok Sabha showed, write-offs in scheduled commercial banks have decreased over the last five years to just over ₹1.70 lakh crore at the end of FY 2023-24 from over ₹2.34 lakh crore in FY 2019-20, reflecting a decline of more than 27%.

In December 2023 the government informed Parliament that, against an aggregate loan write-off of ₹10.42 lakh crore, PSBs recovered ₹1.61 lakh crore from written-off loans from financial year 2014-15 till 2022-23.

Detailed Explanation:

Impact of Write-Offs : Write-offs also help banks in freeing up capital for further disbursement.

The money that was set aside by the bank for a loan write-off is freed up for provisioning other loans.

Provisioning for Loans : A certain percentage of the loan amount is set aside by the banks for provisioning a loan.

A minimum of 5% to a maximum of 20% is the standard rate of provisioning for loans in Indian banks, depending on the business sector and the repayment capacity of the borrower.

100% provisioning is required in accordance with the Basel-III norms in the case of non-performing assets.

2) Answer: B

Short Explanation:

State Bank of India (SBI), the country’s largest lender, reported a muted growth in its net profit of 0.89% year-on-year (Y-o-Y) for April-June 2024 due to erosion in net interest margins and a dip in other income and a sharp rise in loan loss provisions.

The bank posted a net profit of Rs 17,035 crore during the Q1 of FY25 compared to Rs 16,884.29 crore during the previous financial year.

Detailed Explanation:

The bank posted a net profit of Rs 17,035 crore during the Q1 of FY25 compared to Rs 16,884.29 crore during the previous financial year.

Sequentially, net profit decreased by 17.70% from ₹20,698 crore in Q4FY24.

Loan Loss Provisions:Loan loss provisions increased significantly by 70.37% Y-o-Y to ₹4,518 crore in Q1FY25.

Net Interest Income (NII) : Its Net interest income (the difference between interest earned and interest expended) grew by 5.71% Year-on-Year (Y-o-Y) to Rs 41,125 crore.

Sequentially, NII declined by 1.27% from ₹41,655 crore in Q4FY24.

3) Answer: A

Short Explanation:

The Union government has granted Rs 7,900 crore to the Union Territory (UT) of Jammu and Kashmir to clear its outstanding dues with the J&K Bank.

Overall Budget Allocation: For the financial year 2024-25, the Union government has allocated a total of Rs 42,277.74 crore for Jammu and Kashmir, which represents a 1.2% increase from the previous year’s allocation.

Detailed Explanation:

The Union government has granted Rs 7,900 crore to the Union Territory (UT) of Jammu and Kashmir to clear its outstanding dues with the J&K Bank.

Central Assistance: Out of the total allocation, Rs 40,619.3 crore is designated as Central Assistance to the UT to bridge the resource gap and address financial needs.

Usage of Funds: The funds will be utilized by the J&K government to cover essential expenses including pensions, salary payments, and other financial obligations related to J&K Bank.

4) Answer: A

Short Explanation:

The Insurance Regulatory and Development Authority of India (IRDAI) has imposed a penalty of ₹1 crore on HDFC Life Insurance Company for violation of various norms.

Detailed Explanation:

The Insurance Regulatory and Development Authority of India (IRDAI) has imposed a penalty of ₹1 crore on HDFC Life Insurance Company for violation of various norms.

The norms violated included those pertaining to insurance web aggregators, insurance brokers, insurance intermediaries (payment of commissions) and outsourcing activities.

Additionally, a penalty of Rs 1 crore was imposed for irregularities concerning the outsourcing of services by the company.

5) Answer: B

Short Explanation:

The Ministry of External Affairs in response to questions regarding students who have embarked on their study abroad journey has revealed that more than 13.35 lakh students are pursuing higher studies in countries abroad.

Total Indian Students Abroad: Over 13.35 lakh (1.335 million) students.

Top Study Destinations:

Canada: 427,000 students (slight decrease from 427,085 in 2023).

USA: 337,630 students.

Detailed Explanation:

Total Indian Students Abroad: Over 13.35 lakh (1.335 million) students.

Top Study Destinations:

Canada: 427,000 students (slight decrease from 427,085 in 2023).

USA: 337,630 students.

UK: 18,500 students.

Australia: 122,202 students.

Germany: 42,997 students.

Increase in Study Abroad Numbers: Post-COVID, there has been a rise in the number of students studying abroad compared to pre-COVID years.

Decreased Enrollment in Russia and Ukraine:

Russia: 24,940 students (increase from 23,515 in 2022).

Ukraine: 2,510 students (decrease from 23,515 in 2022).

6) Answer: B

Short Explanation:

Zimbabwe, a landlocked country in drought-stricken Southern Africa, has joined the UN Water Convention in a clear demonstration of political will for water cooperation across borders.

It is the 54th Party to the 1992 Convention on the Protection and Use of Transboundary Watercourses and International Lakes (UN Water Convention) and 11th African country to join this treaty, following closely the accession of Cote d’Ivoire announced.

Zimbabwe’s Accession to UN Water Conventions:Accession Process:Zimbabwe has expressed its intention to fast-track its accession to the 1992 UN Water Convention and the 1997 UN Watercourses Convention.

Detailed Explanation:

Zimbabwe, a landlocked country in drought-stricken Southern Africa, has joined the UN Water Convention in a clear demonstration of political will for water cooperation across borders.

Zimbabwe’s accession to the 1997 UN Watercourses Convention makes it the 39th Party to this treaty.

Regional Context:Zimbabwe joins Namibia and South Africa from the Southern African region as parties to the 1997 UN Watercourses Convention.

Upcoming Events:Zimbabwe’s accession will be celebrated during the 10th session of the Meeting of the Parties (MOP) to the Water Convention, which will be held in Ljubljana, Slovenia from 23-25 October 2024.

The MOP to the UN Water Convention, organised every three years, is the largest and only international meeting driving the transboundary water cooperation agenda at the global level.

7) Answer: B

Short Explanation:

India and Vietnam, two nations with a rich and intertwined maritime history, are joining forces to develop the National Maritime Heritage Complex (NMHC) in Lothal, Gujarat.

This MoU marks a significant step in advancing the NMHC project.

Land Allocation:The Government of Gujarat has allocated 400 acres in Saragwala village for the NMHC and is responsible for developing the project’s external infrastructure.

Detailed Explanation:

India and Vietnam, two nations with a rich and intertwined maritime history, are joining forces to develop the National Maritime Heritage Complex (NMHC) in Lothal, Gujarat.

This MoU marks a significant step in advancing the NMHC project.

Land Allocation:The Government of Gujarat has allocated 400 acres in Saragwala village for the NMHC and is responsible for developing the project’s external infrastructure.

Construction Progress:Phase 1A of the construction is underway with over 55% physical progress already achieved.

Opening Timeline:The NMHC is expected to open to the public next year.

Global Significance:The NMHC is set to become the world’s largest maritime museum complex and a major international tourist destination.

8) Answer: A

Short Explanation:

The Union government has granted its approval for the Parandur site to develop Chennai’s second airport.

The approval followed an application from the Tamil Nadu Industrial Development Corporation Limited (TIDCO).

Cost and Phases : The greenfield airport will be developed at an estimated cost of ₹32,704 crore.

Detailed Explanation:

The Union government has granted its approval for the Parandur site to develop Chennai’s second airport.

The approval followed an application from the Tamil Nadu Industrial Development Corporation Limited (TIDCO).

The proposal has been examined in consultation with Airports Authority of India (AAI), Directorate General of Civil Aviation (DGCA) and Ministry of Defence/Indian Air Force as per GFA Policy.

Project Details : The TIDCO had sent the application for site clearance in 2023.

The Tamil Nadu government finalised Parandur in Kancheepuram district as the site for developing the second airport for Chennai in 2022.

Cost and Phases : The greenfield airport will be developed at an estimated cost of ₹32,704 crore.

It will be constructed in four phases:

Phase 1: Construction to begin in January 2026 and end by December 2028.

Remaining Phases: To be developed subsequently, with the final phase completing by December 2046.

Capacity:The airport will have three terminal buildings.

It is designed to handle 100 million passengers per annum.

9) Answer: C

Short Explanation:

Vodafone Idea has paid dues worth Rs 1,500 crore, comprising revenue share licence fee and spectrum usage charges, to the Department of Telecommunications (DoT).

Total Payment: ₹1,500 crore paid to the Department of Telecommunications (DoT).

₹720 crore for January-March quarter dues.

Full payment for April-June period dues.

Detailed Explanation:

Vodafone Idea has paid dues worth Rs 1,500 crore, comprising revenue share licence fee and spectrum usage charges, to the Department of Telecommunications (DoT).

Total Payment: ₹1,500 crore paid to the Department of Telecommunications (DoT).

₹720 crore for January-March quarter dues.

Full payment for April-June period dues.

First Full and Timely Payment: This is the first time in recent years that Vodafone Idea has paid its statutory quarterly bills in full and on time.

Moratorium: These payments are concurrent dues not covered by the four-year moratorium.

Fundraising:

Raised ₹18,000 crore through a follow-on public offering (FPO) in April.

Aditya Birla Group (ABG) infused ₹2,075 crore in equity.

Spectrum Payment: Paid the first installment of ₹346 crore for spectrum acquired in June auctions.

Vendor Dues: Began clearing past dues to vendors like Indus Towers.

10) Answer: A

Short Explanation:

Tata Electronics is set to significantly impact the semiconductor industry in India with its new chip assembly and testing facility in Jagiroad, Assam.

With an investment of ₹27,000 crore, the plant is expected to be operational by 2025, creating substantial employment opportunities and boosting the local economy.

Detailed Explanation:

Tata Electronics is set to significantly impact the semiconductor industry in India with its new chip assembly and testing facility in Jagiroad, Assam.

With an investment of ₹27,000 crore, the plant is expected to be operational by 2025, creating substantial employment opportunities and boosting the local economy.

This facility is part of a broader initiative supported by the Union Cabinet to strengthen India’s semiconductor manufacturing capabilities.

Talent Development: Seven NITs across different states of the North-east will be involved in talent development for the facility, as stated by Union Minister for Electronics and IT Ashwini Vaishnaw.

11) Answer: B

Short Explanation:

Nitin Agrawal, the Director General (DG) of the Border Security Force (BSF), was repatriated to his state cadre by the Central government.

Detailed Explanation:

Nitin Agrawal, the Director General (DG) of the Border Security Force (BSF), was repatriated to his state cadre by the Central government.

Daljit Singh Chawdhary, the DG of the Sahastra Seema Bal (SSB), has been given the additional charge of the BSF DG position until a regular appointment is made or further orders are issued.

Daljit Singh Chawdhary will oversee BSF operations in addition to his current role at SSB.

Y B Khurania, the Special DG (West) of BSF, was also removed and repatriated to his state cadre with immediate effect.

12) Answer: C

Short Explanation:

Senior Indian Police Service (IPS) officer Yogesh Bahadur Khurania (Y.B. Khurania) of the 1990 batch is likely to become the next Director General of Police (DGP) of Odisha.

Detailed Explanation:

Senior Indian Police Service (IPS) officer Yogesh Bahadur Khurania (Y.B. Khurania) of the 1990 batch is likely to become the next Director General of Police (DGP) of Odisha.

Currently, Khurania is posted as Special DG, BSF HeadQuarters in New Delhi..

Commendations and Rewards:Khurania has received several commendations and rewards, including the Governor’s Medal and President’s Police Medal for Meritorious Service.

13) Answer: D

Short Explanation:

Indian Navy’s submarine INS Shalki is on a two-day visit to Sri Lanka, reflecting the growing maritime security cooperation between India and Sri Lanka.

The submarine was given a ceremonial reception by the Sri Lanka Navy on 2nd August 2024.

INS Shalki is a Shishumar class diesel-electric submarine, commissioned into the Indian Navy on 7th February 1992.

It is the first submarine to be built in India.

Detailed Explanation:

Indian Navy’s submarine INS Shalki is on a two-day visit to Sri Lanka, reflecting the growing maritime security cooperation between India and Sri Lanka.

The submarine was given a ceremonial reception by the Sri Lanka Navy on 2nd August 2024.

Diplomatic Engagements:During the visit, the Commanding Officer of INS Shalki is scheduled to meet Rear Admiral WDCU Kumarasinghe, the Commander of the Western Naval Area.

Sri Lanka Navy personnel will receive a briefing onboard INS Shalki.

Personnel from the High Commission of India in Sri Lanka and Sri Lanka Defence Forces will also visit the submarine.

Strategic Context:India sends submarines to a select group of countries with which it has close defence and strategic ties.

INS Shalki is a Shishumar class diesel-electric submarine, commissioned into the Indian Navy on 7th February 1992.

It is the first submarine to be built in India.

The submarine is 64.4 meters long and has a crew of 40, commanded by Commander Rahul Patnaik.

14) Answer: B

Short Explanation:

India has shortlisted two astronaut-designates for the upcoming Axiom-4 mission to the International Space Station.

Indian astronauts Group Captain Shubhanshu Shukla and Group Captain Prasanth Balakrishnan Nair have been shortlisted to go to the U.S. to train for the upcoming Axiom-4 mission to the International Space Station (ISS).

Detailed Explanation:

India has shortlisted two astronaut-designates for the upcoming Axiom-4 mission to the International Space Station.

A National Mission Assignment Board has recommended two Gaganyatris (astronauts) as prime and backup Mission Pilot for this mission. Group Captain

Shukla will be the prime mission pilot and Group Captain Nair will be the back up.

15) Answer: D

Short Explanation:

French judoka Teddy Riner claimed his fourth Olympic gold medal in the 100+kg category at the Paris 2024 Olympics.

Opponent: Riner defeated world No. 1 Kim Min-Jong of South Korea with an ippon using Harai-gochi, with only 16 seconds left in the bout.

Detailed Explanation:

French judoka Teddy Riner claimed his fourth Olympic gold medal in the 100+kg category at the Paris 2024 Olympics.

Total Medals: Riner now holds six Olympic medals, surpassing Japanese judoka Ryoko Tani’s record of five Olympic judo medals.

Previous Titles: Riner won individual golds at the London 2012 and Rio 2016 Games and a team gold at Tokyo 2021.

Olympic Record: With four golds, Riner now holds the French Summer Olympics record for the most titles.

Opponent: Riner defeated world No. 1 Kim Min-Jong of South Korea with an ippon using Harai-gochi, with only 16 seconds left in the bout.

16) Answer: C

Short Explanation:

The Indian National Space Promotion and Authorization Centre (IN-SPACe) has granted authorisation to Azista BST Aerospace Private Limited, Hyderabad, for the establishment and operation of a ground station in UHF frequency bands.

Detailed Explanation:

Functions and Services:The ground station will support Azista BST Aerospace’s satellites and offer Ground Station as a Service (GSaaS) for Telemetry, Tracking, and Command (TT&C) operations.

Frequency Bands:The ground stations will operate in the UHF frequency band (300 MHz to 3 GHz), primarily used for satellite communications, including data relay for remote sensing, telemetry, and control of satellites

17) Answer: A

Short Explanation:

Toni Kroos capped his illustrious career by being named Germany’s Player of the Year for the 2023-24 season.

Xabi Alonso, having masterminded Bayer Leverkusen’s unbeaten Bundesliga campaign and German Cup victory, was honoured as Germany’s Coach of the Year.

Detailed Explanation:

Toni Kroos capped his illustrious career by being named Germany’s Player of the Year for the 2023-24 season.

Xabi Alonso, having masterminded Bayer Leverkusen’s unbeaten Bundesliga campaign and German Cup victory, was honoured as Germany’s Coach of the Year.

Player of the Year: Toni Kroos

Winner: Toni Kroos

Recognition: Voted Germany’s Player of the Year for the second time (previously won in 2018).

Coach of the Year: Xabi Alonso

Team Performance:

Stuttgart: Finished second in the Bundesliga.

Heidenheim: Finished eighth in its first-ever top-flight season after promotion.

18) Answer: D

Kaylia Nemour, the 17-year-old Algerian gymnast, made history by becoming the first African to win an Olympic gymnastics medal, capturing gold on the uneven bars.

THEA LaFond achieved a historic milestone for Dominica by winning the gold medal in the triple jump, marking the country’s first-ever Olympic medal.

Katie Ledecky showcased her legendary prowess by winning the gold medal in the grueling 800-meter freestyle final at the Paris Olympics, fending off a strong challenge from Australian star Ariarne Titmus, who secured the silver medal.

Caeleb Dressel made history from the sidelines as the United States shattered the world record in the mixed 4x100m medley relay, securing a gold medal at the Paris Olympics.

Novak Djokovic defeated Carlos Alcaraz 7-6 (3) and 7-6 (2) in the Olympic men’s tennis singles final.

19) Answer: C

Short Explanation:

Bharatanatyam and Kuchipudi veteran Yamini Krishnamurthy passed away in New Delhi at the age of 83.

Krishnamurthy published her autobiography, “A Passion For Dance” in 1995.

Ms. Krishnamurthy received the Padma Shri at the young age of 28 in 1968, Padma Bhushan in 2001 and Padma Vibhushan in 2016.

Detailed Explanation:

Bharatanatyam and Kuchipudi veteran Yamini Krishnamurthy passed away in New Delhi at the age of 83.

Born on December 20, 1940 in Madanapalli in Andhra Pradesh’s Chittoor district to Sanskrit scholar M. Krishnamurti.

Krishnamurthy published her autobiography, “A Passion For Dance” in 1995.

Ms. Krishnamurthy received the Padma Shri at the young age of 28 in 1968, Padma Bhushan in 2001 and Padma Vibhushan in 2016.

She was also conferred the Sangeet Natak Akademi Award in 1977.

20) Answer: B

Short Explanation:

Every year August 6 is celebrated as Hiroshima Day.

Hiroshima Day 2024 is observed all over the world to promote peace politics. This day is observed to raise awareness of the bomb attack on Hiroshima.

In 1945, the United States (US) deployed a nuclear bomb in the city of Hiroshima which is located in the country of Japan.

Detailed Explanation:

Every year August 6 is celebrated as Hiroshima Day.

Hiroshima Day 2024 is observed all over the world to promote peace politics. This day is observed to raise awareness of the bomb attack on Hiroshima.

In 1945, the United States (US) deployed a nuclear bomb in the city of Hiroshima which is located in the country of Japan.

The US has named the atomic bomb named “The Little Boy” which was dropped on August 6.

During the Second World War, Japan was against the US.

The United States and its allies won the war and thousands of soldiers were killed during the war.

This post was last modified on August 7, 2024 12:35 pm

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Daily Current Affairs Quiz – 06th August 2024

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