Daily Current Affairs Quiz – 08th October 2024

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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2024 of 08th October 2024. Daily GK quiz online for bank & competitive exam. Here we have given the Daily Current Affairs Quiz based on the previous days Daily Current Affairs updates. Candidates preparing for IBPS, SBI, RBI, RRB, SSC Exam 2024 & other competitive exams can make use of these Current Affairs Quiz.

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1) What percentage of the Life Insurance Corporation (LIC) was added to Bank of Maharashtra (BoM) from 4.05%?

(a) 7.50%

(b) 5.10%

(d) 8.10%

(e) 7.20%

2) The Sustainable and Inclusive Tourism Development Project promotes heritage and cultural sites in which district along with Hamirpur district?

(a) Kangra

(b) Mandi

(d) Solan

(e) Chamba

3) According to the recent report of the Reserve Bank of India (RBI), it has anticipated that the dominance of fossil fuels in electricity generation would disappear by the end of the decade. Additionally, the expected cost of constructing a completely decarbonized global energy system by 2050 will reach around how much trillion dollar, as mentioned by the RBI?

(a) US$215 trillion

(b) US$225 trillion

(d) US$220 trillion

(e) US$210 trillion

4) On October 7, 2024, Narendra Modi complete his 23 years of public service, beginning as Chief Minister of which state on October 7, 2001 and ending with his present position as Prime Minister of India?

(a) Uttar Pradesh

(b) Gujarat

(d) Uttrakhand

(e) Maharashtra

5) Recently in oct 2024, Dr. Jitendra Singh, Union Minister of State (Independent Charge) for Science and Technology, unveiled a Venture Fund for space companies during a media conference. How much has been allocated to this fund?

(a) ₹1,000 crore

(b) ₹2,000 crore

(d) ₹4,000 crore

(e) ₹5,000 crore

6) Recently, Mr. Joseph R. Biden hosts the Sixth Quad Leaders’ Summit with the Prime Ministers of Australia, Japan, and India in Wilmington. Which of the following is not correct?

(a) Over the past four years, Quad Leaders have met five times, including twice virtually.

(b) The Quad leaders announced the Maritime Initiative for Training in the Indo-Pacific (MAITRI)

(d) The United States will host the 2025 Quad Foreign Ministers Meeting

(e) India will host the 2025 Quad Leaders Summit.

7) Which state implemented the Mukha Mantri Nijut Moina plan, which offers monthly financial aid to ladies pursuing higher education?

(a) Gujarat

(b) Assam

(d) Haryana

(e) Madhya Pradesh

8) The governments of Madhya Pradesh (MP) and Uttar Pradesh (UP) have collaborated to build solar power installations totaling _________ gigawatts (GW).

(a) 5GW

(b) 6GW

(d) 8GW

(e) 9GW

9) As per the report, India has achieved a key milestone by surpassing the $___________ billion mark in its foreign exchange reserves for the first time. It joins China, Japan, and Switzerland as the fourth economy in the world to attain this milestone.

(a) $500billion

(b) $300billion

(d) $600billion

(e) $800billion

10) The 48th Vayalar Ramavarma Memorial Literary Award was given to Ashokan Charuvil for his book Kattoorkadavu. How much lakh is the cash reward for this esteemed award, which was founded by the Vayalar Ramavarma Trust?

(a) Rs.50000

(b) Rs. 100000

(d) Rs. 200000

(e) Rs. 250000

11) With effect from October 1, 2024, Aviral Jain has been named Executive Director (ED) of the Reserve Bank of India (RBI). For Which state did Jain hold the position of Regional Director before being appointed as ED?

(a) Gujarat

(b) Maharashtra

(d) Haryana

(e) Madhya Pradesh

12) From October 8 to October 18, 2024, is when Maritime Exercise Malabar 2024 is planned to take place. The Harbour Phase will start in Visakhapatnam and be followed by the Sea Phase. Which year was the commencement of Exercise Malabar as a bilateral naval exercise between the Indian and American fleets?

(a) 1991

(b) 1992

(d) 1994

(e) 1995

13) Which business has been working with the Department of Posts (DoP) since 2013 to deliver packages using the DoP’s vast postal network?

(a) Flipkart

(b) Instamart

(d) Amazon

(e) Meesho

14) Under the captaincy of Ajinkya Rahane, Mumbai defeated the Rest of India (RoI) after 27 years to finally win the Irani Cup. Which bank is the sponsor of Irani Cup?

(a) IDFC First bank

(b) IDBI bank

(d) ICICI bank

(e) HDFC bank

15) Every year on October 8th, India celebrates the Indian Air Force Day. In what year did the Indian Air Force launch its inaugural flight?

(a) 1931

(b) 1930

(d) 1933

(e) 1935

Answers :

1) Answer: C

Short Explanation:

State-owned Life Insurance Corporation’s (LIC) stake in Bank of Maharashtra (BoM) increased from 4.05% to 7.10%.

The increase in stake followed the bank’s Qualified Institutional Placement (QIP) process.

Share Allotment: LIC acquired 3.376% additional equity by being allotted 259.6 million shares at an average cost of ₹57.36 per share.

Total Funds Raised: Bank of Maharashtra raised ₹3,500 crore through the QIP process.

Detailed Explanation:

State-owned Life Insurance Corporation’s (LIC) stake in Bank of Maharashtra (BoM) increased from 4.05% to 7.10%.

The increase in stake followed the bank’s Qualified Institutional Placement (QIP) process.

Share Allotment: LIC acquired 3.376% additional equity by being allotted 259.6 million shares at an average cost of ₹57.36 per share.

Total Funds Raised: Bank of Maharashtra raised ₹3,500 crore through the QIP process.

Top Investors:

LIC received 42.56% of the total issue size.

ICICI Prudential Life Insurance received 8.51%.

Aditya Birla Sun Life received 5.67%.

Issue Price: The shares were allotted to eligible institutional buyers at ₹57.33 per equity share, slightly below the issue price of ₹60.37 per equity share.

2) Answer: B

Short Explanation:

The Asian Development Bank (ADB) has approved a loan of $162 million to support tourism development in Himachal Pradesh (HP).

Targeted Districts: The Sustainable and Inclusive Tourism Development Project focuses on promoting heritage and cultural sites in Mandi and Hamirpur districts.

Detailed Explanation:

The Asian Development Bank (ADB) has approved a loan of $162 million to support tourism development in Himachal Pradesh (HP).

The loan will help unlock the state’s tourism potential through the enhancement of cultural and heritage sites and the creation of new infrastructure aimed at strengthening the tourism sector

Targeted Districts: The Sustainable and Inclusive Tourism Development Project focuses on promoting heritage and cultural sites in Mandi and Hamirpur districts.

3) Answer: A

Short Explanation:

According to the latest report of the Reserve Bank of India (RBI), it has estimated that the dominance of fossil fuels in power generation will end by the end of the decade.

Additionally, the estimated cost of establishing a fully decarbonized global energy system by 2050 will reach approximately US$215 trillion, as indicated by the RBI.

Detailed Explanation:

According to the latest report of the Reserve Bank of India (RBI), it has estimated that the dominance of fossil fuels in power generation will end by the end of the decade.

The central bank estimates that renewable energy will contribute more than 50% of global electricity generation as part of a significant energy transition.

Tripping renewable energy capacity by 2030 is considered essential to achieve net-zero emissions targets by mid-century.

Additionally, the estimated cost of establishing a fully decarbonized global energy system by 2050 will reach approximately US$215 trillion, as indicated by the RBI.

4) Answer: B

Short Explanation:

On October 7, 2024 marks 23 years of Narendra Modi’s public service, starting from his tenure as the Chief Minister of Gujarat on October 7, 2001, to his current role as Prime Minister of India.

Central to Modi’s governance philosophy has been Jan Bhagidari (people’s participation) in governance, empowering citizens to contribute to the nation’s progress actively.

Detailed Explanation:

October 7, 2024 marks 23 years of Narendra Modi’s public service, starting from his tenure as the Chief Minister of Gujarat on October 7, 2001, to his current role as Prime Minister of India.

His governance has been characterised by implementing numerous welfare programs, both at the state and national levels.

Gujarat Model: Many of the NDA government’s welfare programs at the Centre draw inspiration from Modi’s initiatives during his time as Gujarat’s Chief Minister. Often referred to as the ‘Gujarat Model’, these programs focus on:

Water conservation

Tree plantation drives

Promotion of ethnic products

Encouraging sporting culture

Celebrating the Constitution

Central to Modi’s governance philosophy has been Jan Bhagidari (people’s participation) in governance, empowering citizens to contribute to the nation’s progress actively.

5) Answer: A

Short Explanation:

The Indian government has earmarked ₹1,000 crore for a Venture Fund dedicated to space startups, as announced by Dr. Jitendra Singh, Union Minister of State (Independent Charge) for Science and Technology, during a media briefing.

This initiative is part of the first 100 days of the Modi 3.0 government, highlighting the government’s commitment to prioritizing the space sector.

Detailed Explanation:

This initiative is part of the first 100 days of the Modi 3.0 government, highlighting the government’s commitment to prioritizing the space sector.

The space sector is identified as one of the top priorities of the government in its third term (3.0).

Four years ago, a revolutionary step was taken to open the space sector to private players.

New India Space Limited (NISL) was established as a new PSU, and IN-SPACe India serves as the interface with the private sector.

The government allows 100% FDI in the space sector, providing a significant boost to new initiatives and entrepreneurs.

6) Answer: A

Short Explanation:

President Joseph R. Biden, Jr. hosted Prime Minister Anthony Albanese of Australia, Prime Minister Kishida Fumio of Japan, and Prime Minister Narendra Modi of India in Wilmington, Delaware, for the 6th Quad or Quadrilateral Security Dialogue Leaders’ Summit.

The United States will host the 2025 Quad Foreign Ministers Meeting, and India will host the 2025 Quad Leaders Summit.

Detailed Explanation:

The grouping of four democracies –India, Australia, US and Japan is known as the quadrilateral security dialogue or quad.

Over the past four years, Quad Leaders have met six times, including twice virtually.

The Quad leaders announced the Maritime Initiative for Training in the Indo-Pacific (MAITRI) to help regional partners effectively utilize tools from the Indo-Pacific Maritime Domain Awareness (IPMDA) and other Quad initiatives.

The initiative was announced in May 2022 by the Quad group.

India will host the inaugural MAITRI workshop in 2025.

The Quad nations announced plans for the first-ever Quad-at-Sea Ship Observer Mission in 2025, involving the US, Japan, Australia, and Indian Coast Guards to enhance maritime safety and interoperability.

India commits to invest $2 million in new solar projects in Fiji, Comoros, Madagascar, and Seychelles.

India’s establishment of a space-based web portal for Mauritius, to support the concept of open science for space-based monitoring of extreme weather events and climate impact.

The United States will host the 2025 Quad Foreign Ministers Meeting, and India will host the 2025 Quad Leaders Summit.

7) Answer: B

Short Explanation:

Assam Chief Minister (CM) Himanta Biswa Sarma announced the government’s target to eradicate child marriage in Assam by 2026.

The announcement coincided with the disbursement of the first instalment under the Mukha Mantri Nijut Moina scheme, which provides monthly financial assistance to girls pursuing higher education.

Detailed Explanation:

Assam Chief Minister (CM) Himanta Biswa Sarma announced the government’s target to eradicate child marriage in Assam by 2026.

The announcement coincided with the disbursement of the first instalment under the Mukha Mantri Nijut Moina scheme, which provides monthly financial assistance to girls pursuing higher education.

Financial Outlay: The scheme has a projected outlay of ₹1,500 crore and aims to benefit 10 lakh girl students.

8) Answer: D

Short Explanation:

Madhya Pradesh (MP) and Uttar Pradesh (UP) governments have partnered to develop 8 gigawatts (GW) of solar power plants.

Madhya Pradesh: Peak demand from October to March (aligned with the rabi crop season).

Uttar Pradesh: Peak demand from April to September (aligned with the kharif crop season)

Detailed Explanation:

Madhya Pradesh (MP) and Uttar Pradesh (UP) governments have partnered to develop 8 gigawatts (GW) of solar power plants.

First-of-its-kind Partnership: This renewable energy initiative marks a unique collaboration between two Indian states for solar power development.

Power Sharing Agreement: The solar power generated will be shared between MP and UP, alternating every six months based on peak demand seasons:

Madhya Pradesh: Peak demand from October to March (aligned with the rabi crop season).

Uttar Pradesh: Peak demand from April to September (aligned with the kharif crop season).

9) Answer: C

Short Explanation:

India’s foreign exchange reserves (forex) have surpassed the $700 billion mark for the first time, marking a significant achievement as the country becomes the fourth economy globally to reach this milestone, joining China, Japan, and Switzerland.

The reserves climbed by $12.588 billion to a record $704.885 billion for the week ending September 27, reflecting the largest weekly increase since mid-July 2023.

Detailed Explanation:

The reserves climbed by $12.588 billion to a record $704.885 billion for the week ending September 27, reflecting the largest weekly increase since mid-July 2023.

Forex reserves grew to $704.885 billion.

Increase attributed to valuation gains and dollar purchases by the Reserve Bank of India (RBI).

Previous week’s reserves had risen by $2.838 billion to $692.296 billion.

The Indian rupee strengthened past 83.50 to the dollar, likely prompting the RBI to bolster reserves.

10) Answer: B

Short Explanation:

Ashokan Charuvil has been awarded the 48th Vayalar Ramavarma Memorial Literary Award for his novel Kattoorkadavu.

This prestigious award, established by the Vayalar Ramavarma Trust, includes a cash prize of ₹1 lakh and a sculpture crafted by renowned artist Kanayi Kunhiraman.

Detailed Explanation:

Ashokan Charuvil has been awarded the 48th Vayalar Ramavarma Memorial Literary Award for his novel Kattoorkadavu.

This prestigious award, established by the Vayalar Ramavarma Trust, includes a cash prize of ₹1 lakh and a sculpture crafted by renowned artist Kanayi Kunhiraman.

A judging committee comprising writers Benyamin, Gracy, and literary critic K.S. Ravikumar selected Charuvil for this honour.

The committee reviewed around 300 books in the initial screening, with six books making it to the final selection round.

Ultimately, Kattoorkadavu was chosen as the winning work.

Kattoorkadavu delves into the social and political upheavals experienced by a village affected by floods.

Charuvil is also known for his award-winning works, including Oru Rathrikku Oru Pakal, Amazon, and Parichitha Gandhangal.

The award ceremony is set to take place at the Nishagandhi auditorium on October 27.

11) Answer: B

Short Explanation:

Aviral Jain has been appointed as Executive Director (ED) of the Reserve Bank of India (RBI) effective from October 01, 2024.

Prior to his appointment as ED, Jain served as the Regional Director for Maharashtra.

Detailed Explanation:

Aviral Jain has been appointed as Executive Director (ED) of the Reserve Bank of India (RBI) effective from October 01, 2024.

Prior to his appointment as ED, Jain served as the Regional Director for Maharashtra.

Responsibilities: In his new role, Jain will oversee several crucial departments within the RBI, including:

Legal Department

Premises Department

Right to Information Act, serving as the First Appellate Authority.

The new ED has experience of more than three decades in areas of supervision, currency management, foreign exchange regulation and human resource management.

12) Answer: B

Short Explanation:

Maritime Exercise Malabar 2024 is scheduled to take place from 08 to 18 October 2024, beginning with the Harbour Phase in Visakhapatnam, followed by the Sea Phase.

Hosted by India, this year’s exercise will see the participation of Australia, Japan, and the United States of America.

Exercise Malabar originated in 1992 as a bilateral naval drill between the United States and the Indian Navy.

Detailed Explanation:

Maritime Exercise Malabar 2024 is scheduled to take place from 08 to 18 October 2024, beginning with the Harbour Phase in Visakhapatnam, followed by the Sea Phase.

Hosted by India, this year’s exercise will see the participation of Australia, Japan, and the United States of America.

Exercise Malabar originated in 1992 as a bilateral naval drill between the United States and the Indian Navy.

It has since evolved into a key multilateral event aimed at enhancing interoperability and addressing shared maritime challenges in the Indian Ocean and Indo-Pacific regions.

13) Answer: D

Short Explanation:

Amazon and the Department of Posts (DoP) have been collaborating since 2013, utilizing DoP’s extensive postal network for parcel delivery.

This partnership aims to empower India’s growing e-commerce sector by enhancing logistical capabilities, supporting job creation, and contributing to economic growth.

Detailed Explanation:

Amazon and the Department of Posts (DoP) have been collaborating since 2013, utilizing DoP’s extensive postal network for parcel delivery.

This partnership aims to empower India’s growing e-commerce sector by enhancing logistical capabilities, supporting job creation, and contributing to economic growth.

The MoU aims to explore opportunities in logistics and business expansion, allowing Amazon to leverage DoP’s network for parcel delivery across India.

The agreement focuses on synchronizing logistics operations, knowledge-sharing, and capacity-sharing, enhancing both Amazon’s and DoP’s business operations.

Quarterly reviews will be conducted by both parties to monitor progress and explore further avenues for strengthening the partnership.

14) Answer: A

Short Explanation:

Mumbai finally lifted the Irani Cup after 27 years by defeating the Rest of India (RoI) on a first-innings lead under the captaincy of Ajinkya Rahane.

The Irani Cup (also known as the IDFC First Bank Irani Trophy due to sponsorship) is an annual first-class cricket competition organized by the BCCI.

Detailed Explanation:

Mumbai finally lifted the Irani Cup after 27 years by defeating the Rest of India (RoI) on a first-innings lead under the captaincy of Ajinkya Rahane.

This is Mumbai’s 15th Irani Cup title, marking a significant victory for the team after a long gap.

The Irani Cup (also known as the IDFC First Bank Irani Trophy due to sponsorship) is an annual first-class cricket competition organized by the BCCI.

It is contested between the Ranji Trophy champions and the Rest of India team.

Introduced: 1960 to commemorate the 25th anniversary of the Ranji Trophy.

Named After:Zal R. Irani, former president and treasurer of the BCCI.

15) Answer: D

Short Explanation:

The Indian Air Force Day is celebrated on the 8th of October of every year in India.

The Indian Air Force was first established on the 8th of October of 1932, so the Indian Air Force Day is celebrated on the 8th of October of every year.

The first flight of the Indian Air Force came into being on 1 April 1933.

Detailed Explanation:

The Indian Air Force Day is celebrated on the 8th of October of every year in India.

The Indian Air Force was first established on the 8th of October of 1932, so the Indian Air Force Day is celebrated on the 8th of October of every year.

The first flight of the Indian Air Force came into being on 1 April 1933.

During the Waziristan war against the tribal, the Indian Air Force went into the brave action for the first time.

This day is celebrated to raise awareness about the Indian Air Force which works for national security.

This post was last modified on October 9, 2024 12:17 pm

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Daily Current Affairs Quiz – 08th October 2024

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