Daily Current Affairs Quiz – 10th October 2024

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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2024 of 10th 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) A white-label ATM (WLA) license was given by the Reserve Bank of India (RBI) to Electronic Payment and Services (EPS), an ATM outsourcing firm situated in Mumbai. In India, EPS takes over as the __________ white-label ATM operator.

(a) 4th

(b) 3rd

(d) 5th

(e) 6th

2) Paytm Money has introduced a BSE Futures & Options (BSE F&O) trading facility on its platform as part of its strategy to extend its wealth management and financial services offerings. The business, rated as the __________ biggest broker, stated that trading fees, excluding taxes, had been set at Rs 20 per trade order.

(a) 10th

(b) 11th

(d) 13th

(e) 14th

3) SBI bank chaired the committee that advocated abolishing the _______ Goods and Services Tax (GST) on co-lending-related operations to encourage co-lending growth?

(a) 15%

(b) 16%

(d) 18%

(e) 19%

4) In an effort to encourage more democratization, privacy, and accountability, the Securities and Exchange Board of India (SEBI) has put forth a revamped framework for data sharing. How many months do MIIs have to notify SEBI of their compliance status after the circular goes into effect?

(a) 1month

(b) 2month

(d) 5month

(e) 6month

5) Recently (Oct’24), Which bank, with a AAA rating from local rating agency India Ratings, created the largest securitization pool, valued at Rs 9,063 crore?

(a) ICICI bank

(b) HDFC bank

(d) IDFC First bank

(e) YES bank

6) Recently (Oct’24), the Kotak Mahindra Bank has obtained branding rights for the BKC metro station on the Mumbai Metro 3 line. The Mumbai Metro Rail Corporation (MMRC) has granted Kotak Mahindra Bank branding rights for the BKC metro station till which year?

(a) 2029

(b) 2026

(d) 2028

(e) 2030

7) The World Health Organization (WHO) has stated that India has eliminated Trachoma as a public health hazard. India has become the _________ country in the WHO South-East Asia Region to reach this milestone.

(a) 1st

(b) 2nd

(d) 4th

(e) 5th

8) Recently, The Prime Minister, Narendra Modi, is scheduled to attend the _____ ASEAN-India and _______ East Asia Summit in Lao PDR.

(a) 20, 17

(b) 21, 19

(d) 23, 16

(e) 25, 22

9) At the ___________ meeting of the ESI Corporation, Dr. Mansukh Mandaviya, the Union Minister for Labor & Employment and Youth Affairs & Sports, presided. Sushri Shobha Karandlaje, the Union Minister of State for Labor & Employment and Micro, Small, and Medium Enterprises, joined him.

(a) 192nd

(b) 193rd

(d) 195th

(e) 196th

10) For the first time in the last three years, which nation will send a delegate to the Association of Southeast Asian Nations (ASEAN) summit?

(a) Myanmar

(b) Vietnam

(d) Indonesia

(e) Cambodia

11) The mascot and emblem for the Women’s Asian Champions Trophy-2024, which will take place in Rajgir from November 11–20, were introduced by Bihar Chief Minister Nitish Kumar. ‘Gudiya’, the mascot, draws inspiration from which bird?

(a) Swan

(b) Swallows

(d) Sparrow

(e) Phoenix

12) For the forthcoming which Hornbill Festival Edition, the government of Nagaland has signed Wales as one of its country partners?

(a) 24th

(b) 25th

(d) 28th

(e) 26th

13) The Indian Space Research Organisation (ISRO) confirmed that the top stage of Polar Satellite Launch Vehicle C-37 (PSLV C-37 mission), which launched a record number of how many satellites more than seven years ago, re-entered the earth’s atmosphere as expected?

(a) 101

(b) 102

(d) 103

(e) 104

14) As per the report, the Tata Technologies and BMW Group formed a joint venture called BMW TechWorks India. The firm began with around 100 people in Pune, Bengaluru, and Chennai, and expects to grow to a four-digit workforce by which year?

(a) 2025

(b) 2026

(d) 2028

(e) 2029

15) Which city will host the World Pickleball Championship (WPC) Series from November 12–17, 2024?

(a) Kolkata

(b) Mumbai

(d) Chennai

(e) Jaipur

16) Which country’s player Marco Curto has received a 10-game ban from FIFA for discriminatory remarks?

(a) USA

(b) Italy

(d) Hong Kong

(e) China

17) Which nation’s former captain, Mahmudullah Riyad, declared that he will make his last two outings in T20 cricket in India?

(a) Pakistan

(b) New Zealand

(d) Bangladesh

(e) Australia

18) Every year on October 9, Indian Foreign Service (IFS) Day commemorates the foundation of the Indian Foreign Service in what year?

(a) 1945

(b) 1946

(d) 1948

(e) 1949

19) When does World Mental Health Day 2024 observed on?

(a) October 10

(b) October 11

(d) October 8

(e) October 9

20) Every year on 2^nd ______ October, is World Sight Day, an International Day of Awareness observed.

(a) Sunday

(b) Tuesday

(d) Thursday

(e) Friday

Answers :

1) Answer: D

Short Explanation:

The Reserve Bank of India (RBI) granted a white-label ATM (WLA) license to Electronic Payment and Services (EPS), a Mumbai-based ATM outsourcing company.

With this license, EPS becomes the 5th white-label ATM operator in India, joining Tata Communications Payment Solutions, India1 Payments, Hitachi Payment, and Vakrangee.

Detailed Explanation:

The Reserve Bank of India (RBI) granted a white-label ATM (WLA) license to Electronic Payment and Services (EPS), a Mumbai-based ATM outsourcing company.

It is the first WLA license issued by RBI in a decade.

EPS is a privately owned ATM outsourcing company based in Mumbai, backed by investors including Apis Partners (UK) and Dutch Entrepreneurial Development Bank (FMO).

With this license, EPS becomes the 5th white-label ATM operator in India, joining Tata Communications Payment Solutions, India1 Payments, Hitachi Payment, and Vakrangee.

The new license comes 10 years after the first one was issued.

The country’s first WLA was set up by Indicash, established by Tata Communication Payment Solutions, in Chandrapada, a small village located in the Thane district of Maharashtra on June 27, 2013.

2) Answer: B

Short Explanation:

Paytm Money, a wholly-owned subsidiary of One97 Communications (OCL), launched BSE Futures & Options (BSE F&O) trading service on its platform, as part of the Noida-based company’s efforts to expand its wealth management and financial services segment.

The company, ranked the 11th largest broker, said trading charges excluding taxes have been set at Rs 20 per trade order.

Detailed Explanation:

The company, ranked the 11th largest broker, said trading charges excluding taxes have been set at Rs 20 per trade order.

SEBI Report: The Securities and Exchange Board of India (SEBI) revealed that 93% of retail traders incurred an average loss of Rs 2 lakh over the past three years.

Losses increased in F&O trading from 89% in FY22 to 91.1% in FY24.

Regulatory Impact: The high loss rate in F&O trading may influence SEBI’s future policies regarding F&O regulations, where daily turnover exceeds Rs 500 trillion.

3) Answer: D

Short Explanation:

The State Bank of India (SBI) led a committee to encourage co-lending partnerships between commercial banks and non-banking financial companies (NBFCs).

The committee recommended eliminating the Goods and Services Tax (GST) of 18% on co-lending-related activities to promote co-lending growth.

Detailed Explanation:

The State Bank of India (SBI) led a committee to encourage co-lending partnerships between commercial banks and non-banking financial companies (NBFCs).

The committee recommended eliminating the Goods and Services Tax (GST) of 18% on co-lending-related activities to promote co-lending growth.

The committee suggested restricting co-lending to Priority Sector Lending (PSL) to avoid higher risks associated with other lending sectors.

The report has been submitted to the Ministry of Finance for consideration.

In May 2024, the Department of Financial Services (DFS) under the Finance Ministry directed SBI to form this committee to address issues related to the co-lending business model.

4) Answer: C

Short Explanation:

The Securities and Exchange Board of India (SEBI) has proposed a revised framework for sharing data aimed at promoting more democratisation, privacy, and accountability.

Implementation Timeline:The circular is effective immediately, and MIIs are required to report their compliance status to SEBI within three months.

Detailed Explanation:

The Securities and Exchange Board of India (SEBI) has proposed a revised framework for sharing data aimed at promoting more democratisation, privacy, and accountability.

Based on Sebi’s market data advisory committee (MDAC) suggestion, the regulator has proposed that it can share data that is under its ownership, while market infrastructure institutions (MIIs) should share their generated data through their own policies.

Under the proposed framework, Sebi has said each MII will have to frame their data sharing policies and share the data lists with the regulator within 60 days.

Data Categorization:The proposed framework categorizes data into two distinct “baskets”:

Basket 1: Includes aggregated and analyzed data that can be publicly shared. This will encompass data already available on respective MIIs’ websites, along with a limited amount of anonymized data (up to 2 GB) available free for researchers.

Basket 2: Contains sensitive data that cannot be publicly disclosed, such as Know Your Customer (KYC) details and certain trade logs.

Implementation Timeline:The circular is effective immediately, and MIIs are required to report their compliance status to SEBI within three months.

5) Answer: B

Short Explanation:

India’s largest private sector lender HDFC Bank has originated the largest securitisation pool of Rs 9,063 crore, rated AAA by domestic rating agency India Ratings.

The asset-backed securitisation transaction is backed by a pool of new car loans.

The loan pool has been assigned to India Universal Trust for a purchase consideration equal to 100% of the pool principal outstanding.

Detailed Explanation:

India’s largest private sector lender HDFC Bank has originated the largest securitisation pool of Rs 9,063 crore, rated AAA by domestic rating agency India Ratings.

The asset-backed securitisation transaction is backed by a pool of new car loans.

The loan pool has been assigned to India Universal Trust for a purchase consideration equal to 100% of the pool principal outstanding.

Pass Through Certificates (PTCs):

Series A1 PTCs: 38.62% of the pool principal outstanding.

Series A2 PTCs: 19.86% of the pool principal outstanding.

Series A3 PTCs: 41.52% of the pool principal outstanding.

6) Answer: D

Short Explanation:

Kotak Mahindra Bank has secured branding rights for the BKC metro station on the Mumbai Metro 3 route.

The Mumbai Metro Rail Corporation (MMRC) has awarded Kotak Mahindra Bank branding rights for BKC metro station till 2028.

Detailed Explanation:

Kotak Mahindra Bank has secured branding rights for the BKC metro station on the Mumbai Metro 3 route.

The BKC metro station will be named “Kotak BKC Metro Station,” reflecting the bank’s branding.

Kotak Mahindra Bank’s headquarters is located in the Bandra-Kurla Complex (BKC), and the bank owns two towers in the area, from which its subsidiaries operate.

The Mumbai Metro Rail Corporation (MMRC) has awarded Kotak Mahindra Bank branding rights for BKC metro station till 2028.

7) Answer: A

Short Explanation:

The World Health Organisation (WHO) has declared that India has eliminated Trachoma as a public health problem.

India becomes the third country in the WHO South-East Asia Region to achieve this milestone.

Detailed Explanation:

The World Health Organisation (WHO) has declared that India has eliminated Trachoma as a public health problem.

India becomes the third country in the WHO South-East Asia Region to achieve this milestone.

Trachoma is a bacterial infection caused by Chlamydia Trachomatis.

It is a contagious disease, spread through contact with infected eyes, eyelids, or secretions from the nose or throat.

If untreated, it can lead to irreversible blindness.

Trachoma mainly affects underprivileged communities living in poor environmental conditions.

8) Answer: B

Short Explanation:

Prime Minister Narendra Modi is set to visit Lao PDR to participate in the 21st ASEAN-India and 19th East Asia Summit.

The visit underscores India’s decade of engagement with ASEAN under the Act East Policy.

Detailed Explanation:

Prime Minister Narendra Modi is set to visit Lao PDR to participate in the 21st ASEAN-India and 19th East Asia Summit.

The visit underscores India’s decade of engagement with ASEAN under the Act East Policy.

ASEAN-India Summit:

Objective: Review the progress of the Comprehensive Strategic Partnership between India and ASEAN and chart future cooperation.

Significance: Relations with ASEAN remain a cornerstone of India’s Indo-Pacific vision, particularly as India marks ten years of its Act East Policy.

East Asia Summit:

Significance: A premier platform for strategic dialogue, the East Asia Summit allows leaders to exchange views on pressing regional issues, strengthening strategic trust in East Asia.

9) Answer: C

Short Explanation:

Dr Mansukh Mandaviya, Union Minister for Labour & Employment and Youth Affairs & Sports, presided over the 194th meeting of the ESI Corporation, accompanied by Sushri Shobha Karandlaje, Union Minister of State for Labour & Employment and Micro, Small & Medium Enterprises.

The meeting focused on pivotal decisions to enhance infrastructure and medical facilities under ESIC across India.

Detailed Explanation:

The meeting focused on pivotal decisions to enhance infrastructure and medical facilities under ESIC across India.

Locations: Andheri (Maharashtra), Basaidarapur (Delhi), Guwahati-Beltola (Assam), Indore (Madhya Pradesh), Jaipur (Rajasthan), Ludhiana (Punjab), Naroda-Bapunagar (Gujarat), Noida & Varanasi (Uttar Pradesh), Ranchi (Jharkhand)

Objective: To support the Prime Minister’s vision of adding 75,000 medical seats in the next five years.

Extension of Atal Beemit Vyakti Kalyan Yojna

Period: Extended from 01.07.2024 to 30.06.2026

Purpose: Provides Unemployment Allowance to insured persons during job search periods.

10) Answer: A

Short Explanation:

Myanmar will send a representative to the Association of Southeast Asian Nations (ASEAN) summit for the first time in three years.

The decision to participate comes as the junta struggles to address an ongoing civil war and amid diplomatic isolation since the February 2021 coup.

Agenda Focus:The civil conflict in Myanmar is expected to be a significant topic during the summit, which is being held in Vientiane, Laos from October 9, 2024.

Detailed Explanation:

Myanmar will send a representative to the Association of Southeast Asian Nations (ASEAN) summit for the first time in three years.

The decision to participate comes as the junta struggles to address an ongoing civil war and amid diplomatic isolation since the February 2021 coup.

Agenda Focus:The civil conflict in Myanmar is expected to be a significant topic during the summit, which is being held in Vientiane, Laos from October 9, 2024.

ASEAN’s Stance:Following the coup, ASEAN barred the junta leaders from its summits. Instead, Myanmar has been represented by a senior foreign ministry official.

Five-Point Consensus:The junta initially agreed to a “five-point consensus”plan aimed at restoring peace, but it has largely ignored the agreement while continuing a crackdown on dissent.

11) Answer: D

Short Explanation:

Bihar Chief Minister Nitish Kumar unveiled the logo and mascot for the Women’s Asian Champions Trophy-2024, which will be held in Rajgir from November 11-20.

The mascot, named ‘Gudiya’, is inspired by the state bird of Bihar, Sparrow.

Detailed Explanation:

Bihar Chief Minister Nitish Kumar unveiled the logo and mascot for the Women’s Asian Champions Trophy-2024, which will be held in Rajgir from November 11-20.

The mascot, named ‘Gudiya’, is inspired by the state bird of Bihar, Sparrow.

The Women’s Asian Champions Trophy-2024 is a joint venture of Hockey India and the Bihar government and will be held at the newly developed Rajgir Hockey Stadium.

The state cabinet recently sanctioned Rs 10 crore to Hockey India for the purpose.

Six countries, including India, China, Thailand, Malaysia, South Korea and Japan, are participating in the championship.

12) Answer: B

Short Explanation:

Nagaland government has signed Wales as one of the Country Partners for the upcoming 25th Edition of the Hornbill Festival.

Detailed Explanation:

Nagaland government has signed Wales as one of the Country Partners for the upcoming 25th Edition of the Hornbill Festival.

Chief Minister Neiphiu Rio, who is on an official visit to Wales, announced the signing of the agreement with the Welsh Government, the British Council, and Wales Arts International representatives in Cardiff.

The festival has been organised by the Nagaland government since 2000 between December 1 and December 10 every year to showcase and promote the best of Naga culture, cuisines and music to the world.

13) Answer: E

Short Explanation:

The Indian Space Research Organisation (ISRO) announced that the upper stage of Polar Satellite Launch Vehicle C-37 (PSLV C-37 mission), which launched a record number of 104 satellites more than seven years ago, has re-entered the earth’s atmosphere as predicted.

PSLV-C37 was launched on February 15, 2017 by the ISRO.

The mission carried Cartosat-2D as the main payload, along with 103 co-passenger satellites, making it the first mission to launch 104 satellites with a single rocket.

Detailed Explanation:

PSLV-C37 was launched on February 15, 2017 by the ISRO.

The mission carried Cartosat-2D as the main payload, along with 103 co-passenger satellites, making it the first mission to launch 104 satellites with a single rocket.

Upper Stage Details:After the satellite injections, the upper stage (PS4) of PSLV-C37 was left in an orbit of approximately 470 x 494 km.

The PS4 upper stage was passivated (made inactive) after its mission, and its altitude slowly decayed due to atmospheric drag.

Tracking and Re-entry:Since September 2024, ISRO’s IS4OM (Isro System for Safe and Sustainable Space Operations Management) has regularly monitored the orbital decay.

14) Answer: A

Short Explanation:

Tata Technologies and BMW Group have launched a joint venture named BMW TechWorks India.

The venture focuses on developing automotive software and digital transformation solutions for business IT.

The company has started with approximately 100 employees based in Pune, Bengaluru, and Chennai, and plans to scale this to a four-digit workforce by 2025.

Detailed Explanation:

Tata Technologies and BMW Group have launched a joint venture named BMW TechWorks India.

The venture focuses on developing automotive software and digital transformation solutions for business IT.

Both companies hold equal stakes in the venture.

BMW TechWorks will design software for software-defined vehicles (SDV) and enable the integration of AI and Generative AI technologies in BMW cars.

The venture aims to enhance the digital capabilities of BMW’s vehicles and business operations.

The company has started with approximately 100 employees based in Pune, Bengaluru, and Chennai, and plans to scale this to a four-digit workforce by 2025.

15) Answer: B

Short Explanation:

Pickleball:

The World Pickleball Championship (WPC) Series will take place in Mumbai from November 12-17, 2024. This event will feature around 650 players from various countries. India had previously performed well in this competition, securing several medals in past editions held in Vietnam and Bali.

Detailed Explanation:

Weightlifting:

Gyaneshwari Yadav won the elite women’s 49kg title at the National Weightlifting Championships by lifting a total of 186kg.

Sufna Jasmin P.S. set new national records in snatch (76kg) and total (169kg) to win the women’s 45kg category.

Pickleball:

Sailing:

Indian sailors earned seven medals at the Mussanah Race Week in Oman. Notable performances include:

Shreya Krishna Lakshminarayanan won gold in the Optimist Girls U-15 category.

Shashank Batham (silver) and Akshat Kumar Dohare (bronze) secured podium finishes in the ILCA-4 U-16 category.

Tennis:

Rohan Bopanna and Ivan Dodig lost in the pre-quarterfinals of the Shanghai Masters to Wesley Koolhof and Nikola Mektic.

In the Fenesta National Sub-Junior Tennis Championship, Angel Patel upset top-seeded Anandita Upadhyay in the U-16 girls’ second round.

16) Answer: B

Short Explanation:

FIFA has suspendedMarco Curto, an Italian soccer player, for 10 games due to a discriminatory remark made against South Korean forward Hee Chan Hwang during a preseason match between Como and Wolverhampton.

In addition to the suspension, Curto is required to perform community service and undergo training and education with an organization approved by FIFA.

Detailed Explanation:

In addition to the suspension, Curto is required to perform community service and undergo training and education with an organization approved by FIFA.

Como defended Curto’s remark, stating it was not intended to be derogatory. The comment, “thinks he’s Jackie Chan,” was made during the match in July.

The South Korea Football Association lodged a formal complaint to FIFA, which led to Curto being notified of his disciplinary ban on Monday

17) Answer: D

Short Explanation:

Former Bangladesh captain Mahmudullah Riyad announced that his remaining two T20 matches in India will mark his final appearances.

The 38-year-old player is set to participate in his 140th T20 match for Bangladesh in the second game on Wednesday in New Delhi. The final match of the series will take place in Hyderabad

Detailed Explanation:

Former Bangladesh captain Mahmudullah Riyad announced that his remaining two T20 matches in India will mark his final appearances.

Bangladesh needs to win in New Delhi to stay alive in the three-match series, having lost the opener by seven wickets in Gwalior.

Since making his international debut in 2007, Mahmudullah has been a crucial player for Bangladesh, featuring in 50 Tests, 232 ODIs, and 139 T20 matches, amassing over 10,500 runs and taking 165 wickets with his off-spin.

18) Answer: B

Short Explanation:

Indian Foreign Service (IFS) Day is observed annually on October 9, commemorating the establishment of the Indian Foreign Service in 1946.

Celebrated By: Indian Foreign Service (IFS) officials and diplomatic missions globally.

The IFS was officially established on October 9, 1946, just before India gained independence.

Detailed Explanation:

Indian Foreign Service (IFS) Day is observed annually on October 9, commemorating the establishment of the Indian Foreign Service in 1946.

Celebrated By: Indian Foreign Service (IFS) officials and diplomatic missions globally.

The IFS was officially established on October 9, 1946, just before India gained independence.

It replaced the Indian Political Service, which had managed foreign relations during British rule.

Jawaharlal Nehru, India’s first Prime Minister and Foreign Minister, envisioned the IFS as a key institution to present India as a leader in world affairs.

19) Answer: A

Short Explanation:

World Mental Health Day 2024 falls on the 10th of October.

World Mental Health Day with the theme ‘It is Time to Prioritise Mental Health in the Workplace’

A non-governmental organization called the World Federation for Mental Health (WFMH) was established in 1948.

Detailed Explanation:

World Mental Health Day 2024 falls on the 10th of October.

World Mental Health Day with the theme ‘It is Time to Prioritise Mental Health in the Workplace’

A non-governmental organization called the World Federation for Mental Health (WFMH) was established in 1948.

On October 10, 1992, Richard Hunter, who was the deputy secretary general of the WFMH at the time, declared the first World Mental Health Day.

Every year since 1994, a unique theme has been chosen for the international celebration.

20) Answer: D

Short Explanation:

World Sight Day is an International Day of Awareness, held annually on the second Thursday of October. This year, World Sight Day is observed on the 10th of October 2024.

Detailed Explanation:

World Sight Day is an International Day of Awareness, held annually on the second Thursday of October. This year, World Sight Day is observed on the 10th of October 2024.

Lions Clubs International partnered with blindness presentation organizations worldwide for the first World Sight Day in 1998.

This event was later integrated into VISION 2020, a global initiative that the International Agency for the Prevention of Blindness (IAPB) coordinates.

This post was last modified on October 12, 2024 12:04 pm

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Daily Current Affairs Quiz – 10th October 2024

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