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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2024 of 12th 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.
1) In order to save consumers money on fuel, RBL Bank and Indian Oil Corporation (IOCL) have introduced the “Xtra Credit Card.” What percentage of gasoline purchases are saved by users of the Card?
(a) 8.2%
(b) 8.1%
(c) 8.3%
(d) 8.4%
(e) 8.5%
2) What is the anticipated amount of capital that State Bank of India (SBI) would raise by issuing tier-2 bonds?
(a) Rs.6500crore
(b) Rs.5500crore
(c) Rs.7500crore
(d) Rs.8500crore
(e) Rs.4500crore
3) Which bank and HDFC bank have been hit with a ₹2.91 crore financial penalty by the Reserve Bank of India (RBI)?
(a) Axis bank
(b) Indian bank
(c) ICICI bank
(d) RBL bank
(e) IDBI bank
4) According to Section 7(A) of the Citizenship Act, 1955, a foreign national of Indian descent who has registered as an OCI cardholder is considered an Overseas Citizen of India (OCI) by the Reserve Bank of India (RBI). When was the OCI program launched?
(a) 2000
(b) 2001
(c) 2003
(d) 2005
(e) 2007
5) Which organization unveiled Daava Soochak, an online service intended to let depositors follow the progress of their insurance claims?
(a) NHB
(b) RBI
(c) IRDAI
(d) DICGC
(e) SEBI
6) How many Non-Banking Financial businesses (NBFCs) have recently faced financial fines from the Reserve Bank of India (RBI) for failing to follow RBI guidelines pertaining to home financing businesses, as of September 2024?
(a) 1
(b) 2
(c) 3
(d) 4
(e) 5
7) The top digital B2B payments provider in India, PayMate, has established a collaboration with NPCI Bharat BillPay Limited. When was the PayMate app released?
(a) 2008
(b) 2001
(c) 2002
(d) 2004
(e) 2006
8) Which Insurance Company and AU Small Finance Bank (AU SFB) announced a strategic agreement to offer general insurance solutions to the bank’s clientele?
(a) LIC
(b) GIC
(c) UIIC
(d) NICL
(e) TATA AIA
9) The draft proposal for India’s Green Hydrogen Certification Scheme has been made public by the Ministry of New and Renewable Energy (MNRE). Which organization claims that investments totaling $70 billion have already been made in green hydrogen and electrolyser production in India?
(a) ADB
(b) L&T
(c) Reliance Industry
(d) World Bank
(e) Adani group
10) Who presided over the inaugural Anusandhan National Research Foundation (ANRF) Governing Board meeting recently at his home?
(a) Jagdeep Dhanker
(b) Amit Shah
(c) Rajnath Singh
(d) Narendra Modi
(e) Piyush Goyal
11) Recently, Shri Amit Shah, Union Home Minister and Minister of Cooperation, will speak at the Indian Cybercrime Coordination Centre (I4C)’s first foundation day celebrations in New Delhi. When was I4C formed?
(a) 2015
(b) 2016
(c) 2017
(d) 2019
(e) 2018
12) According to the report, India will enter the FATF’s top achievers club on September 19, 2024. India obtained positive scores on 37 of 40 strict evaluation criteria, an achievement accomplished by only how many G20 members?
(a) 9
(b) 6
(c) 3
(d) 8
(e) 5
13) The Union government plans to provide a social safety net for India’s estimated 7.7 million gig economy workers. Which state was the first to regulate gig workers?
(a) Karnataka
(b) Gujarat
(c) West Bengal
(d) Uttrakhand
(e) Rajasthan
14) Recently, the MMI will host the largest edition of Electronica India and Productronica India in 2024. So far, what percentage of global commerce is accounted for by global value chains (GVC)?
(a) 50%
(b) 60%
(c) 70%
(d) 75%
(e) 65%
15) What was the initial funding of the CM Kisan Yojana, which was introduced by Odisha Chief Minister Mohan Charan Majhi to assist almost 46 lakh farmers?
(a) Rs.920crore
(b) Rs.925crore
(c) Rs.930crore
(d) Rs.935crore
(e) Rs.940crore
16) The Society of Indian Automobile Manufacturers has named Shailesh Chandra, Managing Director of Tata Motors, as its next president. Who is the successor of Chandra?
(a) Anil Aggarwal
(b) Suni Aggarwal
(c) Vinod Aggarwal
(d) Rakesh Pal
(e) Varun Krishnan
17) As the new chairman of the Advertising Standards Council of India (ASCI), Partha Sinha was appointed. Which section of the Company Act allows the ASCI to be registered as a non-profit organization?
(a) Sec 7
(b) Sec 8
(c) Sec 9
(d) Sec 6
(e) Sec 5
18) The Ministry of Corporate Affairs (MCA) has implemented the Deal Value Threshold (DVT) guidelines, requiring M&As worth more than ₹2,000 crore to be disclosed to the Competition Commission of India (CCI) for clearance. The introduction of DVT is likely to raise the number of relevant filings with the CCI by what percentage, increasing the compliance burden on businesses?
(a) 10%
(b) 20%
(c) 30%
(d) 35%
(e) 25%
19) The International Solar Alliance (ISA) has initiated exclusive conversations with _____________ to act as a prospective investment management for its proposed Africa Solar Facility (ASF).
(a) Africa20
(b) Africa50
(c) Africa30
(d) Africa100
(e) Africa90
20) According to the Official Airline Guide (OAG), in 2024 the Indira Gandhi International Airport (IGIA) in Delhi has risen to _________ in the current worldwide rankings, an improvement from 2023.
(a) 23
(b) 24
(c) 22
(d) 25
(e) 21
21) At the International Hockey Federation’s (FIH) 49th Congress in Muscat, Oman, on November 9, Tayyab Ikram is expected to be chosen without opposition as the organization’s president. He won the election to become the _________ President of FIH on November 5, 2022.
(a) 12
(b) 11
(c) 13
(d) 14
(e) 15
22) Both the men’s and women’s singles categories had historic victories at the end of the 2024 US Open, which took place in Flushing Meadows, Queens, New York City, from August 19 to September 8. Which athlete from that nation took first place in the men’s division?
(a) Germany
(b) Italy
(c) Belarus
(d) USA
(e) Australia
23) James Earl Jones, the renowned actor and voice of Darth Vader, has away. Which year did he win the Life Achievement Award from the Screen Actors Guild?
(a) 2002
(b) 2007
(c) 2005
(d) 2009
(e) 2010
24) Which state’s chief minister was present at the groundbreaking ceremony for the ₹620 crore, first-ever silicon carbide manufacturing plant in India?
(a) Odisha
(b) Rajasthan
(c) Mizoram
(d) Haryana
(e) Bihar
25) Where is the headquarters of AU Small finance bank?
(a) Odisha
(b) Rajasthan
(c) Mizoram
(d) Haryana
(e) Bihar
Answers :
1) Answer: E
Short Explanation:
RBL Bank has launched the ‘Xtra Credit Card’ in partnership with Indian Oil Corporation (IOCL), providing customers with fuel savings.
The Card offers customers 8.5% savings on fuel purchases, the highest in the segment compared to other co-branded fuel credit cards.
Earning Fuel Points: Customers can earn 15 fuel points for every ₹100 spent, with a cap of 2,000 points per month.
Detailed Explanation:
RBL Bank has launched the ‘Xtra Credit Card’ in partnership with Indian Oil Corporation (IOCL), providing customers with fuel savings.
The Card offers customers 8.5% savings on fuel purchases, the highest in the segment compared to other co-branded fuel credit cards.
Earning Fuel Points: Customers can earn 15 fuel points for every ₹100 spent, with a cap of 2,000 points per month.
Expected Portfolio Growth: After partnering with IOCL, RBL Bank expects its credit card portfolio to grow by 12-15% in the current fiscal year, lower than the industry growth of 20-25%.
Market Share: RBL Bank holds a 5.04% market share of the total outstanding credit cards in India, as per the Reserve Bank of India data.
Comparison with Competitors: RBL Bank’s card competes with IDFC First Power+ credit card with 5% savings (with Hindustan Petroleum) and SBI Octane card with 6.25% savings (with Bharat Petroleum).
2) Answer: C
Short Explanation:
State Bank of India (SBI) is expected to raise up to ₹7,500 crore through the issuance of tier-2 bonds.
Bond Sale: The bond sale is likely to occur on September 18, with the pay-in date on September 19.
Base Size: The base size of the bond issuance is expected to be between ₹3,500 crore and ₹4,000 crore.
Detailed Explanation:
State Bank of India (SBI) is expected to raise up to ₹7,500 crore through the issuance of tier-2 bonds.
Bond Sale: The bond sale is likely to occur on September 18, with the pay-in date on September 19.
Base Size: The base size of the bond issuance is expected to be between ₹3,500 crore and ₹4,000 crore.
Greenshoe Option: The remaining amount will be raised through a greenshoe option.
Coupon Rate: The upcoming tier-2 bond sale is anticipated to have a coupon rate of around 7.40%.
For comparison, SBI had previously issued 15-year tier-2 bonds on August 28 with a coupon rate of 7.42%.
3) Answer: A
Short Explanation:
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹1.91 crore on Axis Bank Limited.
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹1 crore on HDFC Bank Limited for non-compliance with certain directions issued by RBI on ‘Interest Rate on Deposits’, ‘Recovery Agents engaged by Banks’ and ‘Customer Service in Banks’ read with the BCSBI Code and ‘Guidelines on Managing Risks and Code of Conduct in Outsourcing of Financial Services by banks’.
Detailed Explanation:
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹1.91 crore on Axis Bank Limited.
The penalty is for contravention of provisions under Section 19 (1) (a) of the Banking Regulation Act, 1949 (BR Act), and non-compliance with RBI directions on:
Interest Rate on Deposits
Know Your Customer (KYC)
Credit Flow to Agriculture – Collateral-Free Agricultural Loans
The penalty is imposed under Section 47 A (1) (c) read with Section 46 (4) (i) of the BR Act.
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹1 crore on HDFC Bank Limited for non-compliance with certain directions issued by RBI on ‘Interest Rate on Deposits’, ‘Recovery Agents engaged by Banks’ and ‘Customer Service in Banks’ read with the BCSBI Code and ‘Guidelines on Managing Risks and Code of Conduct in Outsourcing of Financial Services by banks’.
4) Answer: D
Short Explanation:
The Reserve Bank of India (RBI) has clarified to banks that Overseas Citizens of India (OCI) cardholders are eligible for education loans for studies abroad, provided they are residing in India.
The Reserve Bank of India (RBI) defines an Overseas Citizen of India (OCI) as a foreign national of Indian origin who is registered as an OCI cardholder under Section 7(A) of the Citizenship Act, 1955.
The OCI scheme was introduced in 2005 to address the demand for dual citizenship for individuals of Indian origin.
Detailed Explanation:
The Reserve Bank of India (RBI) has clarified to banks that Overseas Citizens of India (OCI) cardholders are eligible for education loans for studies abroad, provided they are residing in India.
The Reserve Bank of India (RBI) defines an Overseas Citizen of India (OCI) as a foreign national of Indian origin who is registered as an OCI cardholder under Section 7(A) of the Citizenship Act, 1955.
The OCI scheme was introduced in 2005 to address the demand for dual citizenship for individuals of Indian origin.
Resident individuals, including minors, can remit up to $250,000 per financial year for current or capital account transactions under the LRS.
Growth in Education Loans:Public sector banks (PSBs) disbursed ₹28,699 crore towards education loans in FY24, with a year-on-year growth of 17% in number of accounts and 14.8% in disbursement amounts. There is no separate data on education loans given to OCIs.
5) Answer: D
Short Explanation:
The Deposit Insurance and Credit Guarantee Corporation (DICGC) has introduced an online tool named Daava Soochak, designed for depositors to track the status of their insurance claims.
Daava Soochak, a user-friendly online tool, is part of DICGC’s ongoing commitment to improving the services provided for depositors.
The corporation ensures that all categories of deposits with banks except institutional deposits.
Detailed Explanation:
The Deposit Insurance and Credit Guarantee Corporation (DICGC) has introduced an online tool named Daava Soochak, designed for depositors to track the status of their insurance claims.
Daava Soochak, a user-friendly online tool, is part of DICGC’s ongoing commitment to improving the services provided for depositors.
The corporation ensures that all categories of deposits with banks except institutional deposits.
The deposit insurance coverage limit has been enhanced six times since 1962, from Rs 1,500 per depositor held in the same right and same capacity at all the branches of the insured bank to Rs 5,00,000 on February 04, 2020.
At present, 97.8% of the total deposit accounts are fully protected. Of the remaining 2.2% of accounts, deposits are insured up to the limit of Rs 5 lakh.
All banks operating in India are registered with the corporation for deposit insurance.
6) Answer: C
The Reserve Bank of India (RBI) has imposed monetary penalties on three Non-Banking Financial Companies (NBFCs) for non-compliance with RBI directions related to housing finance companies.
Godrej Housing Finance Limited: Penalized ₹5,00,000 for non-compliance with the ‘Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021’.
Aadhar Housing Finance Limited: Penalized ₹5,00,000 for non-compliance with the ‘Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021’.
Housing and Urban Development Corporation Limited (HUDCO): Penalized ₹3,50,000 for non-compliance with both the ‘Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016’ and the ‘Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021’.
7) Answer: E
Short Explanation:
PayMate, India’s leading digital B2B payments company, has announced its partnership with NPCI Bharat BillPay Limited. (NBBL) to launch the innovative PayMate BBPS-B2B platform.
About PayMate :
Founded : May 2006
Headquarters : Mumbai, Maharashtra, India
Founder, MD & CEO : Ajay Adiseshann
Detailed Explanation:
PayMate, India’s leading digital B2B payments company, has announced its partnership with NPCI Bharat BillPay Limited. (NBBL) to launch the innovative PayMate BBPS-B2B platform.
The BBPS-B2B platform aims to standardise and digitize commercial processes related to invoicing, payments, and collections on a large scale across the nation.
The partnership targets 634 lakh (6.34 million) MSMEs (Micro, Small, and Medium Enterprises) and 16.6 lakh (1.66 million) corporates in India.
About PayMate :
Founded : May 2006
Headquarters : Mumbai, Maharashtra, India
Founder, MD & CEO : Ajay Adiseshann
8) Answer: C
Short Explanation:
AU Small Finance Bank (AU SFB) and state-owned United India Insurance Company (UIIC) announced a strategic partnership to distribute general insurance solutions to the bank’s customers.
Geographical Reach:The partnership enhances AU SFB’s position as a preferred choice for customers across 21 states and 4 union territories in India.
Detailed Explanation:
AU Small Finance Bank (AU SFB) and state-owned United India Insurance Company (UIIC) announced a strategic partnership to distribute general insurance solutions to the bank’s customers.
Distribution Network:The collaboration utilizes UIIC’s extensive network of branches in over 1,000 tier 2 and tier 3 locations, complementing AU SFB expanding infrastructure and customer base.
Geographical Reach:The partnership enhances AU SFB’s position as a preferred choice for customers across 21 states and 4 union territories in India.
Universal Banking License and Bancassurance:AU SFB has recently applied for a universal banking license with the Reserve Bank of India (RBI) and is focusing on expanding its bancassurance portfolio to offer technology-enabled insurance solutions to its customer base of over 1 crore.
9) Answer: D
Short Explanation:
The Ministry of New and Renewable Energy (MNRE) has released a draft proposal for India’s Green Hydrogen Certification Scheme.
The scheme aims to enhance transparency and accountability in the green hydrogen sector.
According to the World Bank, India has already secured $70 billion in green hydrogen and electrolyser manufacturing investments.
Detailed Explanation:
The Ministry of New and Renewable Energy (MNRE) has released a draft proposal for India’s Green Hydrogen Certification Scheme.
The scheme aims to enhance transparency and accountability in the green hydrogen sector.
The Bureau of Energy Efficiency (BEE) will serve as the nodal authority.
BEE will be responsible for accrediting agencies for monitoring, verifying, and certifying green hydrogen projects.
Stakeholders are invited to provide suggestions on the draft proposal by September 27.
According to the World Bank, India has already secured $70 billion in green hydrogen and electrolyser manufacturing investments.
Major players like Reliance Industries, Adani Enterprises, Indian Oil Corporation, Larsen & Toubro, and NTPC have committed significant investments to the sector.
10) Answer: D
Short Explanation:
Prime Minister Narendra Modi chaired the first meeting of the Governing Board of the Anusandhan National Research Foundation (ANRF) at his residence.
The meeting focused on India’s Science and Technology landscape and redesigning research and development (R&D) programmes.
Detailed Explanation:
Prime Minister Narendra Modi chaired the first meeting of the Governing Board of the Anusandhan National Research Foundation (ANRF) at his residence.
The meeting focused on India’s Science and Technology landscape and redesigning research and development (R&D) programmes.
ANRF will launch mission-mode, solution-focused research programs in priority areas such as Electric Vehicle (EV) mobility, Advanced Materials, Solar Cells, Smart Infrastructure, Health & Medical Technology, Sustainable Agriculture, and Photonics.
ANRF strategies are aligned with the goals of Viksit Bharat 2047, focusing on the development and growth of India’s R&D sector by adopting global best practices.
Anusandhan National Research Foundation (ANRF) is established to promote R&D and foster a culture of research and innovation in India’s universities, colleges, research institutions, and R&D laboratories.
11) Answer: E
Short Explanation:
Union Home Minister and Minister of Cooperation, Shri Amit Shah, will address the first foundation day celebration of the Indian Cybercrime Coordination Centre (I4C) on September 10, 2024, in New Delhi.
The event will focus on launching key initiatives for the prevention of cybercrime in India.
The Indian Cybercrime Coordination Centre (I4C) was established on October 5, 2018, under the Central Sector Scheme within the Cyber and Information Security (CIS) Division of the Ministry of Home Affairs (MHA).
Detailed Explanation:
Union Home Minister and Minister of Cooperation, Shri Amit Shah, will address the first foundation day celebration of the Indian Cybercrime Coordination Centre (I4C) on September 10, 2024, in New Delhi.
The event will focus on launching key initiatives for the prevention of cybercrime in India.
Samanvaya Platform is a web-based module designed as a One-Stop Portal for data repository, sharing, crime mapping, data analytics, cooperation, and coordination for Law Enforcement Agencies (LEAs) across India.
These initiatives, guided by Union Home Minister Shri Amit Shah, are seen as key steps toward achieving Prime Minister Shri Narendra Modi’s vision of a ‘Cyber Secure Bharat’.
The Indian Cybercrime Coordination Centre (I4C) was established on October 5, 2018, under the Central Sector Scheme within the Cyber and Information Security (CIS) Division of the Ministry of Home Affairs (MHA).
It was formally inaugurated in New Delhi on January 10, 2020, and was designated as an attached office under the Ministry of Home Affairs from July 1, 2024.
12) Answer: C
Short Explanation:
India will join the Financial Action Task Force’s (FATF) top performers club on September 19, 2024.
India surpassed major economies like the US, China, Germany, Japan, and Canada by maintaining higher standards in combating financial crimes.
India received positive ratings on 37 out of 40 stringent evaluation parameters, a feat achieved by only three G20 members – the United Kingdom, France, and Italy.
Detailed Explanation:
India will join the Financial Action Task Force’s (FATF) top performers club on September 19, 2024.
India surpassed major economies like the US, China, Germany, Japan, and Canada by maintaining higher standards in combating financial crimes.
India received positive ratings on 37 out of 40 stringent evaluation parameters, a feat achieved by only three G20 members – the United Kingdom, France, and Italy.
The FATF mutual evaluation (2023-24) placed India in the top category of “regular follow-up”.
Countries in this category, such as India, need to report back only once in three years, which is voluntary, while nations in the “enhanced follow-up” category like the US, China, and Germany must report annually and meet all shortcomings mandatorily.
India’s compliance is significantly higher than that of countries in the “grey list” or “black list”, such as Myanmar, Iran, and North Korea, which face more severe scrutiny and consequences.
13) Answer: E
Short Explanation:
The Union government is poised to introduce a social safety net for India’s estimated 7.7 million gig economy workers.
This initiative may be unveiled on September 17, coinciding with the completion of 100 days of the Narendra Modi government’s third term and the Prime Minister’s 74th birthday.
Rajasthan: Passed the Rajasthan Platform-Based Gig Workers (Registration and Welfare) Act in July 2023, the first state to regulate gig work. Issues remain regarding aggregator contributions.
Detailed Explanation:
The Union government is poised to introduce a social safety net for India’s estimated 7.7 million gig economy workers.
This initiative may be unveiled on September 17, coinciding with the completion of 100 days of the Narendra Modi government’s third term and the Prime Minister’s 74th birthday.
Social Security Code: The plan aligns with the Social Security Code passed in 2020, which consolidated 29 labor laws into four comprehensive labor codes.
Rajasthan: Passed the Rajasthan Platform-Based Gig Workers (Registration and Welfare) Act in July 2023, the first state to regulate gig work. Issues remain regarding aggregator contributions.
Karnataka: Published a draft bill for gig worker social security benefits in June 2024.
14) Answer: C
Short Explanation:
Messe Muenchen India (MMI) is hosting its largest-ever edition of Electronica India and Productronica India in 2024.
This event is pivotal for the Indian electronics sector, given the significance of global value chains (GVCs) in modern manufacturing.
Global Trade: GVCs account for 70% of global trade.
India’s Electronics Sector: 75% of India’s electronics exports are reliant on GVCs.
Detailed Explanation:
Messe Muenchen India (MMI) is hosting its largest-ever edition of Electronica India and Productronica India in 2024.
This event is pivotal for the Indian electronics sector, given the significance of global value chains (GVCs) in modern manufacturing.
Global Trade: GVCs account for 70% of global trade.
India’s Electronics Sector: 75% of India’s electronics exports are reliant on GVCs.
Scale and Scope: The 2024 edition will feature a record 830 exhibitors from 29 countries, up from 589 in 2023.
Attendance: Expected to exceed 50,000 business visitors, compared to 39,133 last year.
Venue: India Expo Mart Limited (IEML), Greater Noida.
Dates: September 11-13, 2024.
Focus Areas: AI, ML, ADAS, autonomous vehicles, and 6G.
Participants: International leaders in technology.
15) Answer: B
Short Explanation:
Odisha Chief Minister Mohan Charan Majhi launched the CM Kisan Yojana by releasing the first instalment of ₹925 crore to benefit nearly 46 lakh farmers.
The BJP government implemented the CM Kisan Yojana, replacing the previous BJD government’s Krushak Assistance for Livelihood and Income Augmentation (KALIA) scheme.
Detailed Explanation:
Odisha Chief Minister Mohan Charan Majhi launched the CM Kisan Yojana by releasing the first instalment of ₹925 crore to benefit nearly 46 lakh farmers.
The BJP government implemented the CM Kisan Yojana, replacing the previous BJD government’s Krushak Assistance for Livelihood and Income Augmentation (KALIA) scheme.
Each small and marginal farmer received ₹2,000 as the first instalment through Direct Benefit Transfer (DBT), with another instalment to be released on Akshaya Tritiya day.
A total of 45,57,733 farmers, including landless farmers, will receive annual financial assistance of ₹4,000 in two instalments, while landless farmers will get ₹12,500 in three instalments.
Also, on the occasion, the CM unveiled the Krushak Odisha Unified Portal to provide information on various activities of the state government to provide support to the farmers.
16) Answer: C
Short Explanation:
The Society of Indian Automobile Manufacturers (Siam), the apex body representing India’s leading automobile manufacturers, announced the election of Shailesh Chandra, Managing Director of Tata Motors Passenger Vehicles, as its new president for the term 2024-25.
Chandra succeeds Vinod Aggarwal, Managing Director & CEO of Volvo Eicher Commercial Vehicles (VECV).
Detailed Explanation:
The Society of Indian Automobile Manufacturers (Siam), the apex body representing India’s leading automobile manufacturers, announced the election of Shailesh Chandra, Managing Director of Tata Motors Passenger Vehicles, as its new president for the term 2024-25.
Chandra succeeds Vinod Aggarwal, Managing Director & CEO of Volvo Eicher Commercial Vehicles (VECV).
Shailesh Chandra previously served as the Vice-President of SIAM.
Shenu Agarwal, MD & CEO of Ashok Leyland, has been elected as the Vice-President of SIAM for 2024-25.
Satyakam Arya, CEO & MD of Daimler India Commercial Vehicles, has been elected as the Treasurer.
17) Answer: B
Short Explanation:
Partha Sinha, President & Chief Brand Officer of BCCL, has been appointed as the Chairman of Advertising Standards Council of India’s (ASCI) Board of Governors for 2024-25, succeeding Saugata Gupta, MD & CEO of Marico Limited.
About ASCI :
Established : 1985
The ASCI is a voluntary self-regulatory organisation of the advertising industry in India.
ASCI is registered as a non-profit company under section 8 of the Company Act.
Detailed Explanation:
Partha Sinha, President & Chief Brand Officer of BCCL, has been appointed as the Chairman of Advertising Standards Council of India’s (ASCI) Board of Governors for 2024-25, succeeding Saugata Gupta, MD & CEO of Marico Limited.
Vice-Chairman: Sudhanshu Vats, Deputy Managing Director, Pidilite Industries.
Hon. Treasurer: S. Subramanyeswar, Group CEO & Chief Strategy Officer-APAC, Lintas India.
About ASCI :
Established : 1985
The ASCI is a voluntary self-regulatory organisation of the advertising industry in India.
ASCI is registered as a non-profit company under section 8 of the Company Act.
18) Answer: C
Short Explanation:
The Ministry of Corporate Affairs (MCA) has introduced the Deal Value Threshold (DVT) norms, which require mergers and acquisitions (M&As) with a deal value above ₹2,000 crore to be notified to the Competition Commission of India (CCI) for approval.
The implementation of DVT is expected to increase the number of relevant filings with the CCI by 30%, raising the compliance burden on companies.
Detailed Explanation:
The Ministry of Corporate Affairs (MCA) has introduced the Deal Value Threshold (DVT) norms, which require mergers and acquisitions (M&As) with a deal value above ₹2,000 crore to be notified to the Competition Commission of India (CCI) for approval.
The implementation of DVT is expected to increase the number of relevant filings with the CCI by 30%, raising the compliance burden on companies.
The “deal value threshold” (DVT) refers to a criterion used to determine whether a merger or acquisition must be notified to CCI for review and approval.
Applicability: The DVT rules apply to target companies with ‘substantial business operations’ in India.
Target Exemptions: Transactions involving target companies with assets below ₹450 crore or a turnover of less than ₹1,250 crore are exempt from notifying CCI, but this exemption does not apply if the transaction exceeds ₹2,000 crore in value.
19) Answer: B
Short Explanation:
International Solar Alliance (ISA) has entered into exclusive discussions with Africa50 to serve as a potential investment manager for its proposed Africa Solar Facility (ASF).
This mechanism is expected to be applied first in the Nuru project in Congo, where ISA is currently in discussions with the Multilateral Investment Guarantee Agency (MIGA) of the World Bank.
Detailed Explanation:
International Solar Alliance (ISA) has entered into exclusive discussions with Africa50 to serve as a potential investment manager for its proposed Africa Solar Facility (ASF).
The ASF is a $200 million initiative designed to unlock investment in distributed solar projects across Africa.
Africa50 is a leading pan-African infrastructure investor and asset manager with a portfolio exceeding $8 billion that has mobilised over $4 billion in external funding for African infrastructure.
Supported by 32 African countries, the African Development Bank, and two African central banks, Africa50’s unique project development capabilities, expertise, strong track record of project development and implementation, and convening power make it a distinguished partner for this effort.
This mechanism is expected to be applied first in the Nuru project in Congo, where ISA is currently in discussions with the Multilateral Investment Guarantee Agency (MIGA) of the World Bank.
20) Answer: B
Short Explanation:
Indira Gandhi International Airport (IGIA) in Delhi has moved up to 24th position in the latest global rankings, improving from 25th in 2023, according to the Official Airline Guide (OAG).
Chhatrapati Shivaji Maharaj International Airport in Mumbai fell to 44th position, down from 34th last year.
Detailed Explanation:
Indira Gandhi International Airport (IGIA) in Delhi has moved up to 24th position in the latest global rankings, improving from 25th in 2023, according to the Official Airline Guide (OAG).
Chhatrapati Shivaji Maharaj International Airport in Mumbai fell to 44th position, down from 34th last year.
Delhi IGI Airport’s Achievements:
NetZero Carbon Emission Compliance: IGIA has become the first airport in India to achieve this status.
Capacity Expansion: The airport plans to increase its international capacity by 40-50% within a year, working in collaboration with Air India and IndiGo, which have ordered over 1,400 aircraft.
Mumbai Airport’s Performance:
Slipped Position: Mumbai’s Chhatrapati Shivaji Maharaj International Airport dropped to 44th place, indicating a need for strategic improvements.
Top Performer: London’s Heathrow Airport (LHR) retained its position as the most internationally connected airport in the world.
Asia-Pacific Hubs: Kuala Lumpur (KUL) is the most connected airport in Asia Pacific, followed by Tokyo-Haneda and Seoul, reflecting a shift towards growing connectivity in Asian cities.
21) Answer: C
Short Explanation:
Tayyab Ikram is set to be elected unopposed as the President of the International Hockey Federation (FIH) at its 49th Congress in Muscat, Oman, on November 9.
The nominations for FIH elections were submitted by the August 31 deadline.
Ikram is the sole candidate for the president’s post, representing Hong Kong Macau.
On November 5, 2022, he was elected as the 13th President of FIH.
Detailed Explanation:
Tayyab Ikram is set to be elected unopposed as the President of the International Hockey Federation (FIH) at its 49th Congress in Muscat, Oman, on November 9.
The nominations for FIH elections were submitted by the August 31 deadline.
Ikram is the sole candidate for the president’s post, representing Hong Kong Macau.
There is no Indian candidate in the FIH election race.
Ikram’s Background:
Ikram has a long association with hockey, having served as a coach for Pakistan and China.
He is a member of the IOC Olympic Solidarity Commission and has been an Executive Board member of FIH since 2016.
On November 5, 2022, he was elected as the 13th President of FIH.
22) Answer: B
Short Explanation:
The 2024 US Open, held from August 19 to September 8 at Flushing Meadows, Queens, New York City, concluded with historic wins in both the men’s and women’s singles categories.
Italian Jannik Sinner and Belarusian Aryna Sabalenka each claimed their first US Open title, marking significant milestones in their careers.
Detailed Explanation:
The 2024 US Open, held from August 19 to September 8 at Flushing Meadows, Queens, New York City, concluded with historic wins in both the men’s and women’s singles categories.
Italian Jannik Sinner and Belarusian Aryna Sabalenka each claimed their first US Open title, marking significant milestones in their careers.
Champions and Runners-Up:
Men’s Singles:
Winner: Jannik Sinner (Italy)
Runner-Up: Taylor Fritz (USA)
Women’s Singles:
Winner: Aryna Sabalenka (Belarus)
Runner-Up: Jessica Pegula (USA)
Men’s Doubles:
Winners: Max Purcell and Jordan Thompson (Australia)
Runners-Up: Kevin Krawietz and Tim Puetz (Germany)
Women’s Doubles:
Winners: Lyudmyla Kichenok (Ukraine) and Jelena Ostapenko (Latvia)
Runners-Up: Kristina Mladenovic (France) and Zhang Shuai (China)
Mixed Doubles:
Winners: Sara Errani and Andrea Vavassori (Italy)
Runners-Up: Donald Young and Taylor Townsend (USA)
Historical Context:
Men’s Singles Records (Open Era):
Most US Open titles: 5 (Roger Federer, Pete Sampras, Jimmy Connors)
Women’s Singles Records (Open Era):
Most US Open titles: 6 (Serena Williams, Chris Evert)
23) Answer: D
Short Explanation:
James Earl Jones, the legendary American actor who appeared in films like Star Wars, Field of Dreams, and The Lion King, passed away at the age of 93.
James Earl Jones was born in Arkabutla, Mississippi, United States (US) on January 17, 1931.
Screen Actors Guild Life Achievement Award: Awarded in 2009.
Detailed Explanation:
James Earl Jones, the legendary American actor who appeared in films like Star Wars, Field of Dreams, and The Lion King, passed away at the age of 93.
James Earl Jones was born in Arkabutla, Mississippi, United States (US) on January 17, 1931.
He was one of the few performers to achieve the EGOT (Emmy, Grammy, Oscar, and Tony).
Tony Awards: Won three Tony Awards for his performances in The Great White Hope (1969) and Fences (1987).
Emmy Awards: Awarded two Emmys for Gabriel’s Fire and Heat Wave in 1991.
Grammy Award: Received a Grammy for Best Spoken Word Album for Great American Documents in 1977.
National Medal of Arts: Honored in 1992.
Kennedy Center Honor: Received in 2002.
Screen Actors Guild Life Achievement Award: Awarded in 2009.
Academy Honorary Award: Presented in 2011.
24) Answer: A
Short Explanation:
Odisha Chief Minister Mohan Charan Majhi attended the ground-breaking ceremony for India’s first silicon carbide manufacturing facility in Odisha, with an investment of ₹620 crore.
The facility will be developed by RIR Power Electronics Limited, a leading company in India’s semiconductor power electronics sector.
Detailed Explanation:
Odisha Chief Minister Mohan Charan Majhi attended the ground-breaking ceremony for India’s first silicon carbide manufacturing facility in Odisha, with an investment of ₹620 crore.
The facility will be developed by RIR Power Electronics Limited, a leading company in India’s semiconductor power electronics sector.
The facility will be set up at EMC Park, Info valley, Bhubaneswar, Odisha.
This project is expected to contribute significantly to India’s mission of becoming a self-reliant hub for semiconductor production.
This facility will create over 500 new jobs across various levels, from R&D to factory operations, providing large-scale employment opportunities.
25) Answer: B
About AU Small Finance Bank :
Established : 1996
Headquarters : Jaipur, Rajasthan, India
MD & CEO : Sanjay Agarwal
