Daily Current Affairs Quiz – 07th Sep 2024

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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2024 of 07th 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) As per the Master Circular has been released by the Insurance Regulatory and Development Authority of India (IRDAI) to simplify policyholder protection regulations. How many earlier circulars are replaced and combined into one comprehensive document by the Master Circular?

(a) 20

(b) 30

(d) 25

(e) 40

2) What is the expected amount of money that the Board of Directors of PNB Housing Finance Limited (PNBHFL) would meet to approve the plan to raise through the sale of non-convertible debt (NCDs)?

(a) Rs.1500crore

(b) Rs.1000crore

(d) Rs.2000crore

(e) Rs.3500crore

3) Which Bank has released bonds with a maturity of $300 million, through its IFSC Banking Unit, the bank issued the bonds as part of its USD 3 billion Medium-Term Note (MTN) program?

(a) Indian bank

(b) Canara bank

(d) Bank of India

(e) Punjab National Bank

4) Recently, Ashok Leyland, a commercial vehicle manufacturer, has signed a Memorandum of Understanding (MOU) with which bank, while the collaboration intends to offer tailored finance options to Ashok Leyland clients?

(a) DBS bank

(b) Bandhan bank

(d) ICICI bank

(e) HDFC bank

5) The Finance Ministry has loosened spending limits over ₹500 crore to speed up capital expenditure (capex) for the current fiscal year.The fiscal year’s capital spending goal is set at how many lakh crore?

(a) Rs.11.11lakh crore

(b) Rs.12.11lakh crore

(d) Rs.14.11lakh crore

(e) Rs.15.11lakh crore

6) Which bank has established the Star Dhan Vriddhi special duration fixed deposit plan, which pays elderly persons up to 7.9% in interest?

(a) Indian bank

(b) Canara bank

(d) Bank of India

(e) Punjab National Bank

7) The ‘UPI for Her’ program, a cooperation between the National Payments Corporation of India (NPCI) and Women’s World Banking (WWB), has issued its maiden report. The research contains a survey of 2,500 female merchants performed in collaboration with MobiKwik and which platform evaluated UPI merchant offerings?

(a) Paytm

(b) Phonepe

(d) Gpay

(e) Amazon pay

8) Which nation recently produced revised banknotes that show the regions of Lipulekh, Limpiyadhura, and Kalapani as belonging to their territory?

(a) Bhutan

(b) Nepal

(d) Myanmar

(e) Bangladesh

9) In which city did Indian Oil Corporation Limited (IndianOil) and RBL Bank introduce a co-branded credit card during the Global Fintech Fest (GFF)?

(a) Mumbai

(b) Kolkata

(d) Kochi

(e) Hyderabad

10) The Securities and Exchange Board of India (SEBI), which oversees the markets, has modified the rules governing alternative investment funds (AIFs) to include a maximum allowable limit for term extensions granted to “Large Value Funds.” How many years may authorized investors’ stay in the Large Value Funds be extended?

(a) 2years

(b) 3years

(d) 5years

(e) 10years

11) The Department of Posts arranged the Officers’ Conclave 2024, which was an important occasion to promote innovation and push change within India’s extensive postal system. How many major pillars did the Minister define to direct the Postal Department’s transformation?

(a) 2

(b) 3

(d) 5

(e) 6

12) The NPS Vatsalya plan, which aims to protect the financial future of minors, is slated to debut in the next two weeks. As of August 2024, the whole NPS system has experienced substantial expansion, with assets under administration totaling how many lakh crore?

(a) Rs.10lakh crore

(b) Rs.11lakh crore

(d) Rs.13lakh crore

(e) Rs.14lakh crore

13) The framework convention on artificial intelligence and human rights, democracy, and the rule of law established by the Council of Europe is the_________ international agreement that provides guidelines for the creation and application of AI technology.

(a) 2nd

(b) 3rd

(d) 4th

(e) 5th

14) As per the report, CoinSwitch has said that it is expanding its services strategically to target institutional investors and High Net Worth Individuals (HNIs). Since its inception in January 2024, BlackRock’s Bitcoin ETF has allegedly drawn inflows totaling what amount of money?

(a) $15 billion

(b) $12 billion

(d) $18 billion

(e) $16 billion

15) During the Teachers’ Day ceremony on September 5, 2024 in New Delhi, how many outstanding educators nationwide received the National Teachers’ Award 2024 from President Smt. Droupadi Murmu?

(a) 81

(b) 82

(d) 78

(e) 85

16) Which of the best table tennis players in India was chosen to be the International Table Tennis Federation (ITTF) Foundation’s first Indian ambassador?

(a) Sharath Kamal

(b) Arun Kumar

(d) Ramesh Raj

(e) Sukumaran

17) In the Paralympic Men’s F51 Club Throw, Dharambir and Pranav Soorma excel. Filip Graovac athlete from which nation took home the bronze?

(a) Serbia

(b) Netherland

(d) South Korea

(e) Maldives

18) Who is the author of the just-released book “From Oil to Lithium: Navigating the Future of Energy”?

(a) Kuldeep Gupta

(b) Arun Kumar

(d) Ramesh Raj

(e) Mohanraj

19) Which Publications produced the coffee table book “ISRO: Exploring New Frontiers – To The Moon, The Sun & Beyond,” which was unveiled by S. Somanath, Chairman of the Indian Space Research Organization (ISRO)?

(a) The Hindu

(b) Penguin

(d) SAGE

(e) Rupa

20) Which nation and India have inked four major Memorandums of Understanding (MoUs) to strengthen collaboration in the areas of digital technology, semiconductors, health, and skill development?

(a) Mauritius

(b) Singapore

(d) Denmark

(e) Germany

21) According to a recent survey, in the first half of 2024, which state’s 15 out of 24 cities were among the
100 most polluted cities in India based on PM2.5 levels?

(a) Sikkim

(b) Nagaland

(d) Odisha

(e) Rajasthan

22) Which state has been acknowledged by the Union Ministry of Commerce and Industry as a pioneer in reforms that are both citizen- and business-centric?

(a) Kerala

(b) Karnataka

(d) Odisha

(e) Jharkhand

23) In a recent official release, the Ministry of Commerce and Industry acknowledged Kerala and Andhra Pradesh as the top achievers in improving ease of doing business under the Business Reforms Action Plan (BRAP). Which state is not among the top five?

(a) Gujarat

(b) Rajasthan

(d) Uttara Pradesh

(e) Punjab

24) Which celebrity, according to Fortune India, has paid the highest taxes in India in 2024, with an alleged contribution of ₹92 crore?

(a) Shah Rukh Khan

(b) Thalapathy Vijay

(d) Hrithik Roshan

(e) Sachin Tendulkar

25) How many logistic drones are being held back by the Indian Army from Dhaksha Unmanned Systems Private Limited, a Coromandel International subsidiary with headquarters in Chennai?

(a) 100

(b) 200

(d) 400

(e) 500

26) Which nation’s new prime minister is Michel Barnier, a former EU Brexit negotiator appointed by the country’s President?

(a) Germany

(b) France

(d) Thailand

(e) Canada

27) Which actress has been signed up by renowned French cosmetics company L’Oreal Paris to serve as its new worldwide brand ambassador?

(a) Alia Bhatt

(b) Deepika Padukone

(d) Kiara Advani

(e) Kareena Kapoor

28) According to the report, FWD 200B, India’s First Indigenous Combat Drone, Takes Off and Lands Successfully. What is the drone’s range in kilometers?

(a) 400km

(b) 500km

(d) 700km

(e) 800km

29) In which year, was Flying Wedge Defence and Aerospace (FWDA) incorporated?

(a) 2021

(b) 2020

(d) 2023

(e) 2019

30) How many EU membership so far?

(a) 25

(b) 26

(d) 29

(e) 31

Answers :

1) Answer: B

Short Explanation:

The Insurance Regulatory and Development Authority of India (IRDAI) has issued a Master Circular to streamline norms on policyholder protection.

The Master Circular replaces 30 previous circulars and consolidates them into a comprehensive document.

Detailed Explanation:

The Insurance Regulatory and Development Authority of India (IRDAI) has issued a Master Circular to streamline norms on policyholder protection.

The Master Circular replaces 30 previous circulars and consolidates them into a comprehensive document.

The Master Circular on Protection of Policyholders’ Interests under the IRDAI (protection of policyholders’ interests, operations, and allied matters of insurers) Regulations, combines policyholder entitlements into a comprehensive reference document.

Policyholder Information:Insurers must provide essential summaries of important information at various stages of an insurance contract, including pre-sale, proposal stage, upon receiving policy documents, during the policy term, and at the time of claim.

Customer Information Sheet (CIS):Insurers are required to provide a CIS for all insurance segments, detailing key policy features, benefits, and exclusions.

The proposal form and CIS must be available in regional languages upon customer request.

Free Look Period:A 30-day free look period applies to both Life and Health insurance policies, allowing policyholders to review policy terms and conditions.

2) Answer: C

Short Explanation:

PNB Housing Finance Limited’s (PNBHFL) Board of Directors will meet to approve the plan to raise up to ₹2,500 crore through Non-Convertible Debentures (NCDs).

The NCDs will be issued on a private placement basis and in tranches over the next 6 months.

Non-Convertible Debentures (NCDs) are a type of debt instrument used by companies to raise funds from the public or institutional investors.

Detailed Explanation:

PNB Housing Finance Limited’s (PNBHFL) Board of Directors will meet to approve the plan to raise up to ₹2,500 crore through Non-Convertible Debentures (NCDs).

The NCDs will be issued on a private placement basis and in tranches over the next 6 months.

Non-Convertible Debentures (NCDs) are a type of debt instrument used by companies to raise funds from the public or institutional investors.

Impact on Share Price : The company’s shares increased by 5.4%, reaching a 52-week high of ₹1,109.9 during trading on the BSE, before closing at ₹1,037.80.

Recent Trading Activity:PNB Housing has experienced several block deals involving its shares, with notable sellers including The Carlyle Group, General Atlantic Singapore, and Asia Opportunities V (Mauritius).

3) Answer: B

Short Explanation:

Canara Bank has issued $300 million in 5-year bonds.

The bonds were issued under the bank’s USD 3 billion Medium-Term Note (MTN) program through its IFSC Banking Unit.

The 5-year bond is priced at T+125 basis points, with a semi-annual coupon rate of 4.896% and a maturity date of September 11, 2029.

Detailed Explanation:

Canara Bank has issued $300 million in 5-year bonds.

The bonds were issued under the bank’s USD 3 billion Medium-Term Note (MTN) program through its IFSC Banking Unit.

The 5-year bond is priced at T+125 basis points, with a semi-annual coupon rate of 4.896% and a maturity date of September 11, 2029.

The proceeds from the bonds will be used by the issuer’s IFSC/GIFT banking unit for general corporate purposes.

This includes meeting funding requirements and developing and expanding the issuer’s operations within the IFSC/GIFT banking unit or any other offshore branch of the issuer.

Canara Bank has returned to the international bond market after a 5-year hiatus.

The last benchmark bond, issued in 2019, was priced at T+170 basis points and matured on March 28, 2024.

4) Answer: B

Short Explanation:

Ashok Leyland, a commercial vehicle manufacturer, has signed a Memorandum of Understanding (MoU) with
Bandhan Bank.

The partnership aims to provide customized financial solutions to Ashok Leyland customers.

Detailed Explanation:

Ashok Leyland, a commercial vehicle manufacturer, has signed a Memorandum of Understanding (MoU) with Bandhan Bank.

The partnership aims to provide customized financial solutions to Ashok Leyland customers.

Bandhan Bank will offer end-to-end financial solutions, including vehicle loans.

The loans will feature convenient monthly repayment plans tailored to customer preferences.

The collaboration will focus on meeting customer needs by providing tailored financial support for purchasing Ashok Leyland vehicles.

5) Answer: A

Short Explanation:

The Finance Ministry has relaxed norms for expenditures exceeding ₹500 crore to expedite capital expenditure (capex) for the current fiscal year.

The capital expenditure target for the fiscal year is set at a record ₹11.11 lakh crore, reflecting an 11.1% increase from the previous target.

Detailed Explanation:

The Finance Ministry has relaxed norms for expenditures exceeding ₹500 crore to expedite capital expenditure (capex) for the current fiscal year.

The capital expenditure target for the fiscal year is set at a record ₹11.11 lakh crore, reflecting an 11.1% increase from the previous target.

Previous Guidelines : Previously, amounts between ₹500 crore and ₹2,000 crore required detailed preparation for tracking expenditure and cash flow. Bulk expenditures over ₹2,000 crore were scheduled to align with direct tax receipts inflow in the second fortnight of the last month of each quarter.

Current Changes:These timing and tracking conditions have been removed to facilitate faster expenditure.

Financial Advisers’ Role:Financial Advisers will now review and freeze the timing of dividend receipts and other non-tax receipts for their respective ministries and departments.

6) Answer: D

Short Explanation:

Public sector lender Bank of India has launched a special tenure fixed deposit scheme Star Dhan Vriddhi, offering an interest rate of up to 7.9% to senior citizens.

These rates are effective from September 1, 2024.

Detailed Explanation:

Public sector lender Bank of India has launched a special tenure fixed deposit scheme Star Dhan Vriddhi, offering an interest rate of up to 7.9% to senior citizens.

Bank of India has revised its FD interest rates for amounts less than Rs 3 crore and also introduced a new special FD tenure of 333 days with higher rates.

These rates are effective from September 1, 2024.

Following the revision, the bank will offer FD interest rates ranging from 3% to 7.25% for tenures between 7 days and 10 years for general customers.

This tenure offers the highest interest rates of 7.25% for general citizens, 7.75% for senior citizens, and 7.90% for super senior citizens.

7) Answer: B

Short Explanation:

The ‘UPI for Her’ initiative, a collaboration between the National Payments Corporation of India (NPCI) and Women’s World Banking (WWB), released its first report.

57% of women micro-business owners are unaware of UPI-based offerings for merchants.

40% of women micro-business owners reported that no one reached out to them about these offerings.

7% of respondents felt their businesses were too small for UPI-based services.

Survey Details:The report includes a survey of 2,500 women merchants, conducted in partnership with MobiKwik and PhonePe, which tested UPI merchant offerings.

Detailed Explanation:

The ‘UPI for Her’ initiative, a collaboration between the National Payments Corporation of India (NPCI) and Women’s World Banking (WWB), released its first report.

57% of women micro-business owners are unaware of UPI-based offerings for merchants.

40% of women micro-business owners reported that no one reached out to them about these offerings.

7% of respondents felt their businesses were too small for UPI-based services.

Underserved Market:The unaddressed customer base for UPI offerings among women micro-businesses is estimated to be between 16-20 million.

Survey Details:The report includes a survey of 2,500 women merchants, conducted in partnership with MobiKwik and PhonePe, which tested UPI merchant offerings.

Awareness Issues:About15% of the women surveyed were unclear about payment charges and the next-day settlement feature provided by merchant aggregators.

8) Answer: B

Short Explanation:

Nepal’s central bank, Nepal Rastra Bank, is set to introduce new banknotes featuring a revised map that includes disputed territories with India.

The updated banknotes will display the areas of Kalapani, Lipulekh, and Limpiyadhura as part of Nepal’s territory.

Detailed Explanation:

Nepal’s central bank, Nepal Rastra Bank, is set to introduce new banknotes featuring a revised map that includes disputed territories with India.

The updated banknotes will display the areas of Kalapani, Lipulekh, and Limpiyadhura as part of Nepal’s territory.

Printing Timeline:The process for printing the updated banknotes has been initiated, and the entire procedure is expected to be completed within 6 months to a year.

Revised Map History:The revised map, including these disputed territories, was introduced by the Nepalese government under K P Sharma Oli in May 2020.

Nepal-India Border:Nepal shares a border of over 1,850 km with five Indian states: Sikkim, West Bengal, Bihar, Uttar Pradesh, and Uttarakhand.

9) Answer: A

Short Explanation:

Indian Oil Corporation Limited (IndianOil) has launched a co-branded credit card in partnership with RBL Bank at the Global Fintech Fest (GFF) in Mumbai, Maharashtra.

Detailed Explanation:

Indian Oil Corporation Limited (IndianOil) has launched a co-branded credit card in partnership with RBL Bank at the Global Fintech Fest (GFF) in Mumbai, Maharashtra.

The credit card offers attractive rewards and benefits, including the ability to earn up to 250 litres of free petrol annually.

Cardholders can manage their finances and fuel purchases through a single platform.Customers earn valuable reward points on every transaction made with the card

10) Answer: D

Short Explanation:

Markets regulator Securities and Exchange Board of India (SEBI) has amended alternative investment funds (AIF) norms specifying maximum permissible limit for extension of tenure by ‘Large Value Funds’.

Extension of Tenure for Large Value Funds:Large Value Funds for accredited investors can extend their tenure by up to 5 years.

Detailed Explanation:

Extension of Tenure for Large Value Funds:Large Value Funds for accredited investors can extend their tenure by up to 5 years.

Conditions for Extension:Any extension in the tenure of an existing scheme in a Large Value Fund must comply with conditions specified by SEBI.

Definition of Large Value Fund (LVF):An LVF is an AIF or a scheme of an AIF where each investor is an accredited investor and invests at least ₹70 crore.

This excludes the manager, sponsor, employees, or directors of the AIF or manager.

11) Answer: D

Short Explanation:

The Officers’ Conclave 2024, organized by the Department of Posts, was a crucial event to drive transformation and foster innovation within India’s vast postal network.

The Minister outlined five key pillars that will guide the transformation of the Postal Department:

Lead to Inspire

Resolve to Innovate

Inclusive Growth

Transforming through Collective Action

Staying True to the Mission of Jan Sewa

Detailed Explanation:

The Officers’ Conclave 2024, organized by the Department of Posts, was a crucial event to drive transformation and foster innovation within India’s vast postal network.

The Minister outlined five key pillars that will guide the transformation of the Postal Department:

Lead to Inspire

Resolve to Innovate

Inclusive Growth

Transforming through Collective Action

Staying True to the Mission of Jan Sewa

The Officers’ Conclave 2024 served as a platform for postal leaders from across the nation to strategize the future of India Post. The event focused on:

Innovation and Transformation: Enhancing public service delivery in alignment with India’s digital and financial inclusion goals.

Legislative Updates and Performance Reviews: Reviewing recent performance, budget achievements, and revenue growth.

Citizen-Centric Services: Expanding services like Post Office Passport Seva Kendras, Aadhaar services, and Dak Ghar NiryatKendras to empower local businesses and ensure greater financial inclusion.

12) Answer: D

Short Explanation:

The NPS Vatsalya scheme, a long-anticipated initiative designed to secure the financial futures of minors, is set to launch within the next two weeks.

This new scheme, introduced in the 2024-25 Budget, will be officially unveiled by Finance Minister Nirmala Sitharaman.

As of August 2024, the overall NPS system has seen significant growth, with assets under management reaching ₹13 lakh crore.

Detailed Explanation:

The NPS Vatsalya scheme, a long-anticipated initiative designed to secure the financial futures of minors, is set to launch within the next two weeks.

This new scheme, introduced in the 2024-25 Budget, will be officially unveiled by Finance Minister Nirmala Sitharaman.

NPS Vatsalya is a tailored version of the National Pension System (NPS) specifically for minors.

Parents or guardians can open an NPS account for their children and make regular contributions until the child turns 18.

The scheme will offer a range of investment options similar to traditional NPS, including equity, government securities, and corporate bonds.

Subscribers can choose between an automatic choice (which adjusts investments based on the subscriber’s age) or an active choice to manage investments themselves.

Upon turning 18, the minor can exit the scheme with 80% of the corpus invested in an annuity plan and the remaining 20% available as a lump sum.

The scheme aims to boost financial literacy by teaching minors about disciplined savings and investment habits.

As of August 2024, the overall NPS system has seen significant growth, with assets under management reaching ₹13 lakh crore.

NPS Vatsalya builds on this success by offering a dedicated savings vehicle for minors, reinforcing the government’s commitment to financial security across generations.

13) Answer: C

Short Explanation:

The Council of Europe Framework Convention on Artificial Intelligence and Human Rights, Democracy, and the Rule of Law is the first international treaty establishing legal rules for AI technology development and use.

The treaty was opened for signature at a Council of Europe justice ministers’ conference in Vilnius, Lithuania.

Development and Adoption:The AI Convention was adopted in May following years of discussions involving 57 countries.

Detailed Explanation:

The treaty was opened for signature at a Council of Europe justice ministers’ conference in Vilnius, Lithuania.

Initial signatories include major global players: the United States (US), European Union (EU), United Kingdom (UK), and other countries like Andorra, Georgia, Iceland, Norway, Moldova, San Marino, and Israel.

This treaty follows closely after the EU’s Artificial Intelligence Act, which regulates AI use in “high-risk” sectors and ensures compliance with ethical and legal standards.

Development and Adoption:The AI Convention was adopted in May following years of discussions involving 57 countries.

14) Answer: A

Short Explanation:

India’s crypto exchange, CoinSwitch, has announced a strategic expansion of its services to focus on High Net Worth Individuals (HNIs) and institutional investors.

Mumbai-based exchange introduced a new service to provide these clients with personalized investment advice, risk management solutions, and other financial services.

BlackRock’s Bitcoin ETF, launched in January 2024, has reportedly attracted inflows of $15 billion (approximately ₹1,30,178 crore).

Detailed Explanation:

India’s crypto exchange, CoinSwitch, has announced a strategic expansion of its services to focus on High Net Worth Individuals (HNIs) and institutional investors.

Mumbai-based exchange introduced a new service to provide these clients with personalized investment advice, risk management solutions, and other financial services.

A dedicated section on the CoinSwitch website allows potential clients to submit their details, after which company executives will contact them to provide support.

Institutional investors will benefit from exclusive market access, account management, and professional tax assistance.

BlackRock’s Bitcoin ETF, launched in January 2024, has reportedly attracted inflows of $15 billion (approximately ₹1,30,178 crore).

15) Answer: B

Short Explanation:

On September 5, 2024, in New Delhi, President Smt. Droupadi Murmu conferred the National Teachers’ Award 2024 to 82 exceptional educators across the country during the Teachers’ Day celebration.

Detailed Explanation:

Award Details: Each recipient receives a certificate of merit, a cash award of ₹50,000, and a silver medal.

Selection Authority: Department of School Education & Literacy, Ministry of Education.

Process: Teachers were selected through a rigorous and transparent three-stage process at the District, State, and National levels.

16) Answer: A

Short Explanation:

On the 11th day of the Ultimate Table Tennis (UTT) season five at the Jawaharlal Nehru Indoor Stadium, Sharath Kamal, India’s top table tennis player, was named the first Indian ambassador of the International Table Tennis Federation (ITTF) Foundation.

Her Highness Zeina Shaban: Princess of Jordan and two-time Olympian

Vita Dani: Chairperson of UTT

Detailed Explanation:

Her Highness Zeina Shaban: Princess of Jordan and two-time Olympian

Vita Dani: Chairperson of UTT

Both Shaban and Dani are board members of the ITTF Foundation.

Five-time Olympian

Male flag-bearer for India at the Paris Olympics

Elected to the ITTF’s Athlete’s Commission in November 2022

Holds the record for the most medals in table tennis in Commonwealth Games history with 13 medals, including 3 golds and 1 silver from the 2022 Birmingham Games

Before this appointment, Sharath was actively involved in:

Madras Seva Sadan: Taught table tennis to children of daily-wage laborers

Provided these children with a “sense of direction” in life

17) Answer: A

Gold Medal:

Dharambir:

Performance: Won gold with a throw of 34.92m in his fifth attempt.

Significance: Broke the Asian record, marking a dramatic comeback after four fouled attempts.

Background: 35-year-old athlete from Sonepat, previously a bronze medallist at the World Championships.

Silver Medal:

Pranav Soorma:

Performance: Secured silver with a throw of 34.59m in his first attempt.

Background: 29-year-old from Faridabad, suffered a spinal cord injury at 16 but made a remarkable comeback.

Bronze Medal:

Filip Graovac (Serbia):

Performance: Achieved bronze with a throw of 34.18m in his second attempt.

18) Answer: A

Short Explanation:

In a world increasingly focused on sustainable energy solutions, Kuldeep Gupta’s new book, “From Oil to Lithium: Navigating the Future of Energy”, stands out as a transformative read.

Detailed Explanation:

In a world increasingly focused on sustainable energy solutions, Kuldeep Gupta’s new book, “From Oil to Lithium: Navigating the Future of Energy”, stands out as a transformative read.

This compelling work combines personal narrative with a critical examination of global energy challenges.

The story centers on Karan, a protagonist whose journey mirrors the evolution of the energy sector. Initially captivated by the Oil & Gas industry, Karan’s early career is influenced by the sector’s historical significance, particularly its role in global conflicts. However, as he delves deeper into the industry, he confronts its environmental impact and ethical dilemmas, leading to a profound transformation.

19) Answer: A

Short Explanation:

S. Somanath, Chairman of the Indian Space Research Organisation (ISRO), unveiled a coffee-table book titled“ISRO: Exploring New Frontiers – To The Moon, The Sun & Beyond” published by The Hindu Group of Publications.

Book Title: “ISRO: Exploring New Frontiers – To The Moon, The Sun & Beyond”

Curator: T.S. Subramanian, former associate of Frontline magazine

Purpose: To document India’s achievements in space exploration from its early days to recent missions.

Detailed Explanation:

Book Title: “ISRO: Exploring New Frontiers – To The Moon, The Sun & Beyond”

Curator: T.S. Subramanian, former associate of Frontline magazine

Purpose: To document India’s achievements in space exploration from its early days to recent missions.

About the Book:

Content: The book provides a comprehensive account of India’s space exploration milestones, including:

Early Beginnings: The development of space technology in the 1960s.

Major Missions: Mars Orbiter Mission, Chandrayaan-1, 2, and 3, Aditya L-1 missions.

Extras: Behind-the-scenes stories, interviews, and stunning photographs showcasing India’s space journey.

20) Answer: B

Short Explanation:

India and Singapore have signed four significant Memorandums of Understanding (MoUs) aimed at enhancing cooperation in digital technologies, semiconductors, health, and skill development.

The agreements were finalized during Prime Minister Narendra Modi’s visit to Singapore.

Detailed Explanation:

India and Singapore have signed four significant Memorandums of Understanding (MoUs) aimed at enhancing cooperation in digital technologies, semiconductors, health, and skill development.

The agreements were finalized during Prime Minister Narendra Modi’s visit to Singapore.

Signed by: India’s Ministry of Electronics and Information Technology and Singapore’s Ministry of Digital Development and Information.

Focus Areas: Cooperation in digital technologies, including DPI, cybersecurity, 5G, super-computing, quantum computing, and artificial intelligence.

Objective: Facilitate upskilling and reskilling of workers in the digital domain.

Signed by: India’s Ministry of Electronics and Information Technology and Singapore’s Ministry of Trade and Industry.

21) Answer: C

Short Explanation:

A recent analysis reveals that 15 out of 24 cities in Haryana ranked among India’s 100 most polluted cities in the first half of 2024 based on PM2.5 levels.

National Standards: India’s National Ambient Air Quality Standards (NAAQS) set annual limits for PM2.5 and PM10 at 40 micrograms per cubic meter and 60 micrograms per cubic meter, respectively.

WHO Guidelines: The World Health Organization’s 2021 guidelines recommend stricter limits of 5 micrograms per cubic meter for PM2.5 and 15 micrograms per cubic meter for PM10.

Detailed Explanation:

A recent analysis reveals that 15 out of 24 cities in Haryana ranked among India’s 100 most polluted cities in the first half of 2024 based on PM2.5 levels.

WHO Guidelines: The World Health Organization’s 2021 guidelines recommend stricter limits of 5 micrograms per cubic meter for PM2.5 and 15 micrograms per cubic meter for PM10.

Exceeding Standards: All Haryana cities surpassed both NAAQS and WHO PM10 standards.

Most Polluted: Faridabad recorded the highest PM2.5 level at 103 micrograms per cubic meter, significantly above both NAAQS and WHO guidelines.

Cities Below Threshold: Only Palwal, Ambala, and Mandikhera had PM2.5 levels below the national threshold.

Highest PM10 Levels: Gurugram had the highest PM10 concentration at 227 micrograms per cubic meter, while Ambala had the lowest at 79 micrograms per cubic meter.

22) Answer: A

Short Explanation:

Kerala has been recognized as a leader in business-centric and citizen-centric reforms according to the Union Ministry of Commerce and Industry.

The state excelled in two business-related categories and seven citizen-focused categories in the recent Business Reforms Action Plan ’22 (BRAP 22) rankings.

Detailed Explanation:

Kerala has been recognized as a leader in business-centric and citizen-centric reforms according to the Union Ministry of Commerce and Industry.

The state excelled in two business-related categories and seven citizen-focused categories in the recent Business Reforms Action Plan ’22 (BRAP 22) rankings.

Event: Conference of State Industries Ministers, held on Thursday at the Yashobhumi Convention Centre, New Delhi.

Award Presented By: Union Minister of Commerce Piyush Goyal.

Utility Permits for Business: Facilitating the acquisition of permits.

Tax Payment Processes: Streamlined tax payment mechanisms.

23) Answer: E

Top Performers:

Kerala

Ranked as the top performer for promoting ease of doing business.

Andhra Pradesh

Followed Kerala as the second-best performer.

Gujarat

Rajasthan

Tripura

Uttar Pradesh

Least Performing States:

Arunachal Pradesh

Telangana

Punjab

Puducherry

Insights from the ‘Udyog Samagam’:

Commerce Minister Piyush Goyal highlighted the importance of sharing best practices among states and emphasized that healthy competition and collaboration are crucial for national progress.

Notable reforms and initiatives:

Odisha: Reformed its mining sector.

Uttar Pradesh: Promoting investment.

Maharashtra: Attracting Foreign Direct Investment (FDI) through improved infrastructure.

Sikkim: Adding value to organic farming.

24) Answer: A

Short Explanation:

In 2024, Shah Rukh Khan has topped the list of highest tax-paying celebrities in India, reportedly contributing ₹92 crore, according to Fortune India.

He is closely followed by actor Vijay, who paid ₹80 crore, and Salman Khan, with a tax contribution of ₹75 crore.

Detailed Explanation:

In 2024, Shah Rukh Khan has topped the list of highest tax-paying celebrities in India, reportedly contributing ₹92 crore, according to Fortune India.

He is closely followed by actor Vijay, who paid ₹80 crore, and Salman Khan, with a tax contribution of ₹75 crore.

Top 3 Taxpayers:

Shah Rukh Khan: Paid ₹92 crore in taxes, the highest among all Indian celebrities.

Vijay: Paid ₹80 crore, securing the second spot.

Salman Khan: Paid ₹75 crore in taxes.

Top 10 List:

Amitabh Bachchan: Paid ₹71 crore.

Virat Kohli: Paid ₹66 crore, ranked fifth.

Ajay Devgn: Contributed ₹42 crore.

MS Dhoni: Paid ₹38 crore.

Ranbir Kapoor: Paid ₹36 crore.

Hrithik Roshan and Sachin Tendulkar: Both paid ₹28 crore

25) Answer: B

Short Explanation:

The Indian Army has put on hold the acquisition of 200 logistic drones from Dhaksha Unmanned Systems Private Limited, a Chennai-based subsidiary of Coromandel International.

Detailed Explanation:

The Indian Army has put on hold the acquisition of 200 logistic drones from Dhaksha Unmanned Systems Private Limited, a Chennai-based subsidiary of Coromandel International.

Reason for Suspension:The suspension follows allegations that Dhaksha Unmanned Systems is using Chinese parts in their unmanned aerial vehicles (UAVs).

Certification and Capabilities:Dhaksha Unmanned Systems is the only player in India to have received type certificates from the Directorate General of Civil Aviation (DGCA) for three drone models in medium and small categories for agriculture and surveillance.

26) Answer: B

Short Explanation:

Michel Barnier, former EU Brexit negotiator, was named by President Emmanuel Macron as France’s new Prime
Minister.

Barnier replaced Gabriel Attal, who resigned on July 16, 2024 after legislative elections left France with a hung parliament, causing political instability.

Detailed Explanation:

Michel Barnier, former EU Brexit negotiator, was named by President Emmanuel Macron as France’s new Prime Minister.

Barnier replaced Gabriel Attal, who resigned on July 16, 2024 after legislative elections left France with a hung parliament, causing political instability.

Michel Barnier, aged 73, has had a political career spanning over 50 years, holding various ministerial positions, including:

Foreign Minister

European Affairs Minister

Environment Minister

Agriculture Minister

He also served twice as a European Commissioner.

27) Answer: A

Short Explanation:

Leading French cosmetic maker L’Oreal Paris has roped in Bollywood actress Alia Bhatt as its new global brand ambassador.

Detailed Explanation:

Leading French cosmetic maker L’Oreal Paris has roped in Bollywood actress Alia Bhatt as its new global brand ambassador.

With this, Bhatt joins the brand’s diverse roster of L’Oreal brand ambassadors like Viola Davis, Jane Fonda, Eva Longoria, Kendall Jenner, Elle Fanning, Camila Cabello, and many others.

Bhatt will feature in the French beauty brand’s campaigns starting in September 2024.

28) Answer: E

Short Explanation:

In a historic leap for India’s defence capabilities, Flying Wedge Defence and Aerospace (FWDA) has successfully launched India’s first indigenously built combat unmanned aerial vehicle (UAV), the FWD 200B.

Cruise Speed: 152 km per hour, with a maximum speed of 250 km per hour

Endurance: 7 hours

Range: 800 km

Runway Requirement: 300 metres

Detailed Explanation:

The bomber FWD 200B is classified as a Medium Altitude Long Endurance (MALE) unmanned combat aerial vehicle (UCAV) and represents India’s increasing self-reliance in defence technology.

Wingspan: 5 metres (16.4 feet)

Length: 3.5 metres (12.1 feet)

Maximum Take-Off Weight (MTOW): 102 kg

Payload Capacity: 30 kg

Cruising Altitude: 12,000 feet, with a maximum altitude of 15,000 feet

Cruise Speed: 152 km per hour, with a maximum speed of 250 km per hour

Endurance: 7 hours

Range: 800 km

Runway Requirement: 300 metres

29) Answer: C

About FWDA :

FWDA was incorporated in 2022 and holds patents for killer drones and bomber UAVs.

It is the first Indian company to receive Directorate General of Civil Aviation (DGCA) type certification for indigenous UAV technology.

Founder and CEO : Suhas Tejaskanda

30) Answer: C

About EU :

President of the European Council : Charles Michel

President of the Commission : Ursula von der Leyen

Membership : 27 Members

This post was last modified on September 10, 2024 1:37 pm

4 months ago

Daily Current Affairs Quiz – 07th Sep 2024

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