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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2024 of 15th 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.
1) Recently(oct 2024), the Reserve Bank of India (RBI) released a “Guidance Note” for regulated enterprises (REs), which include banks, non-banking financial companies (NBFCs), authorized people, and payment system operators. In which year, the Guidance Note on Management of Operational Risk covered just commercial banks?
(a) 2001
(b) 2002
(c) 2003
(d) 2004
(e) 2005
2) The Securities and Exchange Board of India (SEBI) is contemplating permitting mutual funds (MFs) to start a new type of actively managed commodity fund that invests solely in exchange-traded commodity derivatives. In which year did SEBI allow mutual funds to invest in ETCDs, which are standardized agreements traded on regulated exchanges?
(a) 2021
(b) 2019
(c) 2018
(d) 2017
(e) 2016
3) How many new Retail Loan Processing Centres (RLPCs) has the public-sector lender Indian Overseas Bank (IOB) established across India?
(a) 5
(b) 6
(c) 7
(d) 8
(e) 9
4) Recently Oct’24, the Navi, a fintech business created by Sachin Bansal, is now India’s fifth-largest player in the Unified Payments Interface (UPI) ecosystem. Which firm top’s in the list?
(a) Paytm
(b) Phonepe
(c) Cred
(d) Gpay
(e) Amazon Pay
5) The Life Insurance Corporation of India (LIC) has cut the maximum age restriction for purchasing the new endowment plan from_______to 50 years, beginning October 1, 2024.
(a) 52
(b) 55
(c) 58
(d) 60
(e) 65
6) How many basis points (bps) is the total decrease that foreign banks and brokerages expect the Reserve Bank of India (RBI) to implement as part of a “shallow rate-cutting cycle” beginning in December 2024?
(a) 25bps
(b) 50bps
(c) 75bps
(d) 30bps
(e) 65bps
7) Which bank intends to raise the ₹5 crore barrier for its fast lending initiative to expand credit availability for MSME (Micro, Small, and Medium Enterprises)?
(a) Canara bank
(b) State bank of India
(c) Bank of Baroda
(d) Indian bank
(e) Punjab National bank
8) What percentage growth is expected in India’s GDP in FY25, based on projections from 28 agencies?
(a) 6.95%
(b) 6.75%
(c) 6.85%
(d) 6.65%
(e) 6.55%
9) The Amrit Kalash and Amrit Vrishti fixed deposit schemes have been extended by the State Bank of India (SBI) till March 31, 2025. How many days is the fixed deposit duration offered by the Amrit Kalash scheme?
(a) 365
(b) 444
(c) 400
(d) 300
(e) 500
10) For RTGS (Real-Time Gross Settlement) and NEFT (National Electronic Funds Transfer), the Reserve Bank of India (RBI) is recommending a new feature that would enable remitters to confirm the recipient’s identity prior to completing payments. What was the RTGS minimum transfer limit?
(a) ₹2 lakh
(b) ₹1 lakh
(c) ₹3 lakh
(d) ₹5 lakh
(e) ₹4 lakh
11) The DigiLocker, a safe cloud platform for document storage and authentication, has connected with the UMANG app to offer expedited access to a range of government services. Which ministry introduced the UMANG app?
(a) Ministry of Home affairs
(b) Ministry of Finance
(c) Ministry of Electronics & Information Technology
(d) Ministry of Education
(e) Ministry of Skill development
12) A CareEdge analysis projects that by 2025, the ship recycling sector in India would have grown to 3.8–4.2 million GT (gross tonnage). Which nation tops the list with 46%?
(a) Srilanka
(b) Myanmar
(c) Bangladesh
(d) Nepal
(e) Bhutan
13) How many years has Prime Minister Narendra Modi finished the PM GatiShakti National Master Plan, emphasizing its revolutionary effect on the development of India’s infrastructure?
(a) Two
(b) Three
(c) Four
(d) Five
(e) One
14) The _______Indian President to visit these three African countries was President Droupadi Murmu, who traveled to Algeria, Mauritania, and Malawi.
(a) 2nd
(b) 3rd
(c) 4th
(d) 1st
(e) 5th
15) Which state’s Jubilant Ingrevia has been acknowledged as the most recent Indian business to become a member of the Global Lighthouse Network of the World Economic Forum (WEF)?
(a) Madhya Pradesh
(b) Gujarat
(c) Sikkim
(d) Maharashtra
(e) Karnataka
16) In the last six months, at least three former executives from which bank have been appointed as managing directors and CEOs of various private sector banks?
(a) Canara bank
(b) State bank of India
(c) Bank of Baroda
(d) Indian bank
(e) Punjab National bank
17) The Nobel Prize 2024 announcements began on October 7 with the prize for Physiology or Medicine and will continue until October 14 in six categories. The Nobel Prize for 2024 is worth how many million Swedish kronor (SEK) each complete prize?
(a) 11.0 million Swedish kronor (SEK)
(b) 10.0 million Swedish kronor (SEK)
(c) 12.0 million Swedish kronor (SEK)
(d) 15.0 million Swedish kronor (SEK)
(e) 13.0 million Swedish kronor (SEK)
18) On October 8, 2024, Nirdeshak—the second of four Survey Vessel (Large) ships—was handed to the Indian Navy. Which company constructed it?
(a) HAL
(b) GRSE
(c) L&T
(d) DRDO
(e) CSL
19) Recetly(Oct’24), Which Government partners with Spices Board to increase indigenous spice production?
(a) Madhya Pradesh
(b) Gujarat
(c) Uttrakhand
(d) Maharashtra
(e) Karnataka
20) In the 2024 Global Hunger Index (GHI), India is ranked 105th out of 127 nations, putting it in the “serious” category. By what year will the UN Sustainable Development Goal of Zero Hunger be achieved, the research warns?
(a) 2028
(b) 2029
(c) 2030
(d) 2027
(e) 2032
21) The world No. 1 Jannik Sinner defeated Novak Djokovic in straight sets, 7-6(4), 6-3, to win the __________ Masters championship.
(a) Swedish
(b) Morraco
(c) Shanghai
(d) Belraus
(e) Colombia
22) After a dramatic final match that saw Aryna Sabalenka overcome local sensation Zheng Qinwen 6-3, 5-7, 6-3, she became the first player to win the Wuhan Open ______times.
(a) 2
(b) 3
(c) 1
(d) 4
(e) 5
23) On October 15, 2024, we celebrate World Students Day 2024 in remembrance of our previous president, the late Dr. APJ Abdul Kalam. In which year the United Nations created World Students Day?
(a) 2009
(b) 2010
(c) 2008
(d) 2011
(e) 2012
24) Which year was October 15, the inaugural Global Handwashing Day, observed?
(a) 2009
(b) 2010
(c) 2008
(d) 2011
(e) 2012
25) Every year, October 15th is recognized as Pregnancy and Infant Loss Remembrance Day (PAILRD) in the United States and in which other country?
(a) Germany
(b) China
(c) Japan
(d) UK
(e) Canada
26) The White Cane Safety Day 2024 is observed on _________
(a) October14
(b) October11
(c) October12
(d) October13
(e) October15
27) On what day was the International Day of Rural Women 2024 celebrated?
(a) October14
(b) October11
(c) October12
(d) October13
(e) October15
28) According to the Nobel prize 2024, which of the following pair is incorrectly matched?
(a) Geoffrey Hinton – Physics
(b) Gary Ruvkun – Medicine
(c) John Jumper – Chemistry
(d) Han Kang – Peace
(e) Daron Acemoglu – Economic Science
29) What is the currency name of Mauritania ?
(a) Dinar
(b) Krona
(c) Ouguiya
(d) kwacha
(e) Peso
30) In which year, the UMANG app was launched by PM Modi?
(a) 2015
(b) 2016
(c) 2017
(d) 2018
(e) 2019
Answers :
1) Answer: E
Short Explanation:
The Reserve Bank of India (RBI) issued the “Guidance Note” aimed at regulated entities (REs), including banks, Non-Banking Financial Companies (NBFCs), authorized persons, and payment system operators.
In 2005, the Guidance Note on Management of Operational Risk covered only for commercial banks
Detailed Explanation:
The Reserve Bank of India (RBI) issued the “Guidance Note” aimed at regulated entities (REs), including banks, Non-Banking Financial Companies (NBFCs), authorized persons, and payment system operators.
In 2005, the Guidance Note on Management of Operational Risk covered only for commercial banks
To assist REs in addressing risks related to money laundering (ML) and terrorist financing (TF).
To provide guidelines for conducting internal risk assessments (IRA) concerning ML and TF.
To support the formulation of internally developed Risk-Based Assessments (RBA).
Target Audience: The note is particularly directed at the dealing staff and Anti-Money Laundering (AML) / Countering Financing of Terrorism (CFT) / Counter Proliferation Financing (CPF) practitioners within REs.
Focus on Internal Risk Assessment:The guidance aims to enhance the risk assessment and compliance efforts of REs.
2) Answer: B
Short Explanation:
The Securities and Exchange Board of India (SEBI) is considering allowing mutual funds (MFs) to launch a new category of actively managed commodity funds that invest entirely in exchange-traded commodity derivatives (ETCDs).
Existing ETCD Participation: In 2019, SEBI permitted mutual funds to invest in ETCDs, which are standardised agreements traded on regulated exchanges.
Detailed Explanation:
The Securities and Exchange Board of India (SEBI) is considering allowing mutual funds (MFs) to launch a new category of actively managed commodity funds that invest entirely in exchange-traded commodity derivatives (ETCDs).
Existing ETCD Participation: In 2019, SEBI permitted mutual funds to invest in ETCDs, which are standardised agreements traded on regulated exchanges.
The cap for exposure to ETCDs in multi-asset schemes is set at 30% of the net asset value, while other hybrid schemes have a cap of 10%.
Current Investment in ETCDs: MF investment in ETCDs is estimated to be under ₹10,000 crore, with investments currently allowed through gold and silver ETFs, backed by physical commodities, and through gold and silver fund of funds.
Investment Guidelines:Proposed guidelines may allow schemes to hold a net long position of 10% in commodities.
Challenges in ETCDs: A key challenge is the limited liquidity in certain commodities. More liquid commodities include gold, silver, castor oil, aluminium, copper, and zinc.
3) Answer: D
Short Explanation:
Public-sector lender Indian Overseas Bank (IOB) has inaugurated 8 new Retail Loan Processing Centres (RLPCs) across India.
One physical RLPC is located in Chennai, while seven others were launched virtually in major cities.
The new RLPCs are situated in: Bangalore, Coimbatore, Delhi, Hyderabad, Kolkata, Lucknow, Mumbai.
Detailed Explanation:
Public-sector lender Indian Overseas Bank (IOB) has inaugurated 8 new Retail Loan Processing Centres (RLPCs) across India.
One physical RLPC is located in Chennai, while seven others were launched virtually in major cities.
The new RLPCs are situated in: Bangalore, Coimbatore, Delhi, Hyderabad, Kolkata, Lucknow, Mumbai.
Technology and Automation:The RLPCs are equipped with advanced digital technology and automation tools.
These enhancements are intended to expedite loan approvals and disbursements.
Heritage-themed ATM:IOB has also inaugurated a heritage-themed ATM at Puratchi Thalaivar Dr. MGR Central Railway Station in Chennai.
4) Answer: B
Short Explanation:
Navi, a fintech company founded by Sachin Bansal, has become India’s 5th-largest player in the Unified Payments Interface (UPI) ecosystem.
Market Leaders: In September:
PhonePe remained the largest player with 7.22 billion transactions valued at ₹10.3 trillion.
Google Pay followed with 5.62 billion transactions amounting to ₹7.46 trillion.
Detailed Explanation:
Navi, a fintech company founded by Sachin Bansal, has become India’s 5th-largest player in the Unified Payments Interface (UPI) ecosystem.
Growth Rate: Navi experienced a 35.7% month-on-month growth in transaction volumes from August to September, having processed 88.71 million transactions worth ₹4,651 crore in August.
Market Share: Navi holds a 0.8% market share in the UPI ecosystem, while major competitors like PhonePe, Google Pay, and Paytm control approximately 92.5% of the UPI transaction volume.
Market Leaders: In September:
PhonePe remained the largest player with 7.22 billion transactions valued at ₹10.3 trillion.
Google Pay followed with 5.62 billion transactions amounting to ₹7.46 trillion.
5) Answer: B
Short Explanation:
Life Insurance Corporation of India (LIC) has reduced the maximum age limit for purchasing the new endowment plan from 55 years to 50 years, effective October 1, 2024.
Product Overview:The revised product is the ‘LIC New Endowment Plan-914’, a participating endowment plan that offers a dual benefit of protection and savings.
Detailed Explanation:
Life Insurance Corporation of India (LIC) has reduced the maximum age limit for purchasing the new endowment plan from 55 years to 50 years, effective October 1, 2024.
Product Overview:The revised product is the ‘LIC New Endowment Plan-914’, a participating endowment plan that offers a dual benefit of protection and savings.
Minimum entry age for the plan is 8 years.
It provides both death benefits and maturity benefits.
Definition of Endowment Plan:An endowment plan combines life cover and maturity benefits:
Life Cover: Lump sum payout to the nominee upon the policyholder’s death.
Maturity Benefit: Fixed payout at maturity.
The sum assured for the New Endowment Plan, New Jeevan Anand, and Jeevan Lakshya has increased to Rs 2 lakh from Rs 1 lakh.
Introduction of New Insurance Product:LIC has introduced a Single Premium Group Micro Term Insurance Plan.
6) Answer: B
Short Explanation:
Foreign banks and brokerages anticipate that the Reserve Bank of India (RBI) will initiate a “shallow rate-cutting cycle” starting in December 2024, with an aggregate reduction of 50 basis points (bps).
Most forecasts suggest a 25 bps cut in December, followed by another 25 bps cut in February 2025, bringing the policy rate down from the current 6.5% to 6%.
Detailed Explanation:
Foreign banks and brokerages anticipate that the Reserve Bank of India (RBI) will initiate a “shallow rate-cutting cycle” starting in December 2024, with an aggregate reduction of 50 basis points (bps).
Most forecasts suggest a 25 bps cut in December, followed by another 25 bps cut in February 2025, bringing the policy rate down from the current 6.5% to 6%.
Current Policy Rate: The RBI has maintained the policy rate at 6.5% since February 2023, without changes.
Inflation Projections: The RBI’s Monetary Policy Report (MPR) projects inflation at 4.1% for FY26 and has lowered its inflation forecast marginally to 4.5% year-on-year.
Growth Forecast: The RBI remains optimistic about growth, maintaining its FY25 GDP growth forecast at 7.2%, while some analysts, like Goldman Sachs, expect it to be lower at 6.5%.
7) Answer: B
Short Explanation:
The State Bank of India (SBI) plans to increase the threshold for its instant loan scheme for the MSME (Micro, Small, and Medium Enterprises) sector from the current limit of ₹5 crore to enhance credit availability.
Detailed Explanation:
The State Bank of India (SBI) plans to increase the threshold for its instant loan scheme for the MSME (Micro, Small, and Medium Enterprises) sector from the current limit of ₹5 crore to enhance credit availability.
The scheme, named “MSME Sahaj – End to End Digital Invoice Financing,” offers a streamlined process for applying, documenting, and disbursing loans within 15 minutes without manual intervention.
The bank emphasizes simplification of MSME credit by backing loans with cash flow and the CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises) guarantee, which reduces the need for collateral.
8) Answer: A
Short Explanation:
India’s Gross domestic product (GDP) is projected to grow at 6.95% in FY25, according to forecasts by 28 agencies, which is 25 basis points lower than the Reserve Bank of India’s (RBI) forecast of 7.2%.
According to a note by the Centre for Monitoring Indian Economy (CMIE), Forecasts were revised from 7% to 6.95% due to recent macroeconomic data and the slowdown in high-frequency indicators.
Detailed Explanation:
India’s Gross domestic product (GDP) is projected to grow at 6.95% in FY25, according to forecasts by 28 agencies, which is 25 basis points lower than the Reserve Bank of India’s (RBI) forecast of 7.2%.
According to a note by the Centre for Monitoring Indian Economy (CMIE), Forecasts were revised from 7% to 6.95% due to recent macroeconomic data and the slowdown in high-frequency indicators.
RBI’s GDP Projection:The RBI has maintained its GDP growth projection at 7.2% in its monetary policy statements.
Strong consumption, investment demand, rural demand (improved agricultural output), and urban demand (services sector) are key drivers.
Survey of Professional Forecasters:The RBI’s Survey of Professional Forecasters in September projected median GDP growth at 6.9%, with estimates ranging from 6% to 8.1%.
Recent GDP Performance:India’s economy grew by 6.7% in Q1 FY25.
9) Answer: C
Short Explanation:
The State Bank of India (SBI) has extended the Amrit Kalash and Amrit Vrishti fixed deposit schemes until March 31, 2025.
The Amrit Kalash scheme offers a fixed deposit with a tenure of 400 days.
Detailed Explanation:
The State Bank of India (SBI) has extended the Amrit Kalash and Amrit Vrishti fixed deposit schemes until March 31, 2025.
Originally set to conclude on September 30, 2024, the extension provides higher interest rates for depositors.
The Amrit Kalash scheme offers a fixed deposit with a tenure of 400 days.
SBI Amrit Vrishti FD Scheme:
Launched on July 15, 2024, with a tenure of 444 days.
Interest Rate:
7.25% for general customers.
7.75% for senior citizens.
10) Answer: A
Short Explanation:
The Reserve Bank of India (RBI) is proposing a new feature for RTGS (Real-Time Gross Settlement) and NEFT (National Electronic Funds Transfer) that allows remitters to verify the recipient’s name before executing payments.
RTGS:
Provides faster, instant transfers.
Minimum transfer limit of ₹2 lakh.
Preferred for larger transactions requiring immediate settlement.
Detailed Explanation:
The Reserve Bank of India (RBI) is proposing a new feature for RTGS (Real-Time Gross Settlement) and NEFT (National Electronic Funds Transfer) that allows remitters to verify the recipient’s name before executing payments.
The proposal was announced by RBI Governor Shaktikanta Das during the Monetary Policy Committee meeting on October 9, 2024.
RTGS:
Provides faster, instant transfers.
Minimum transfer limit of ₹2 lakh.
Preferred for larger transactions requiring immediate settlement.
NEFT:
Operates in batches and may take longer for transfers.
No minimum limit, making it suitable for smaller transactions.
NEFT is often used for smaller transactions, while RTGS is preferred for larger amounts that need immediate settlement.
11) Answer: C
Short Explanation:
DigiLocker, a secure cloud platform for storing and verifying documents, has integrated with the UMANG app to provide streamlined access to various government services.
To advance mobile governance in India, the Ministry of Electronics and Information Technology (MeitY) and the National e-Governance Division (NeGD) are developing UMANG (Unified Mobile Application for New-age Governance).
Detailed Explanation:
DigiLocker, a secure cloud platform for storing and verifying documents, has integrated with the UMANG app to provide streamlined access to various government services.
To advance mobile governance in India, the Ministry of Electronics and Information Technology (MeitY) and the National e-Governance Division (NeGD) are developing UMANG (Unified Mobile Application for New-age Governance).
Enhanced Accessibility:
The integration enables citizens to access multiple government services seamlessly through the DigiLocker app, making interactions with the government more efficient.
Legal Validity:
Documents stored and issued via DigiLocker are legally equivalent to physical originals, ensuring authenticity and reliability in compliance with regulatory standards.
12) Answer: C
Short Explanation:
India’s ship recycling industry is projected to grow significantly, reaching 3.8-4.2 million GT (gross tonnage) in 2025, up from an estimated 2.3-2.6 million GT in 2024, according to a CareEdge report.
India currently accounts for 33% of global ship recycling, second only to Bangladesh, which leads with 46%.
Detailed Explanation:
India’s ship recycling industry is projected to grow significantly, reaching 3.8-4.2 million GT (gross tonnage) in 2025, up from an estimated 2.3-2.6 million GT in 2024, according to a CareEdge report.
India currently accounts for 33% of global ship recycling, second only to Bangladesh, which leads with 46%.
India’s ship recycling industry is expected to witness a growth spurt by 2025, with annual growth rates of around 10% forecasted for 2026-2028.
In 2022 and 2023, India dismantled 2.26 million GT and 2.47 million GT, respectively.
The industry’s growth is driven by factors such as the cooling-off of the Baltic Dry Index, stabilizing heavy melting scrap prices, and the increase in obsolete ships.
Heavy melting scrap prices, which surged to a peak of ₹54,400 per tonne in 2022, have now stabilized between ₹36,000 to ₹44,000 per tonne in 2023.
13) Answer: B
Short Explanation:
Prime Minister Narendra Modi has completed 3 years of the PM GatiShakti National Master Plan, highlighting its transformative impact on India’s infrastructure development.
According to the PM, GatiShakti encourages progress, entrepreneurship, and innovation, positioning India as a hub of efficient infrastructure.
Detailed Explanation:
Prime Minister Narendra Modi has completed 3 years of the PM GatiShakti National Master Plan, highlighting its transformative impact on India’s infrastructure development.
PM Modi emphasized that the GatiShakti initiative is accelerating India’s progress towards a “Viksit Bharat” (Developed India). The plan, announced on the 75th Independence Day in 2021, aims to enhance multimodal connectivity by integrating infrastructure projects across various ministries and states, making project execution faster and more efficient.
According to the PM, GatiShakti encourages progress, entrepreneurship, and innovation, positioning India as a hub of efficient infrastructure.
The initiative has seen 44 central ministries and 36 states/UTs participate, leading to improved coordination and integration in infrastructure planning.
Since its inception, the Network Planning Group (NPG) has recommended 208 major infrastructure projects worth ₹15.39 lakh crore for approval.
The plan integrates existing projects like Bharatmala and Sagarmala and uses data from multiple sources to ensure seamless connectivity and logistics, reducing delays and creating new opportunities.
14) Answer: D
Short Explanation:
President Droupadi Murmu’s visit to Algeria, Mauritania, and Malawi was the first Indian President to visit these three African nations.
This visit comes a year after the African Union became a permanent member of the G-20 group during India’s presidency of the G-20 in 2023.
Detailed Explanation:
President Droupadi Murmu’s visit to Algeria, Mauritania, and Malawi was the first Indian President to visit these three African nations.
This visit comes a year after the African Union became a permanent member of the G-20 group during India’s presidency of the G-20 in 2023.
In Algeria, President Murmu will pay tribute at the Maqam Echahid monument, address the Algeria-India Economic Forum, deliver a speech at Sidi Abdellah University, and inaugurate the India Corner at Hamma Garden.
In Mauritania, she will oversee the signing of 4 MoUs related to culture, foreign office consultations, and visa waivers for diplomatic passports.
In Malawi, President Murmu will sign 3 MoUs related to youth affairs, sports, and cultural exchanges.
15) Answer: B
Short Explanation:
Jubilant Ingrevia, based in Gujarat, has been recognized as the latest Indian company to join the World Economic Forum’s (WEF) Global Lighthouse Network.
Detailed Explanation:
Jubilant Ingrevia, based in Gujarat, has been recognized as the latest Indian company to join the World Economic Forum’s (WEF) Global Lighthouse Network.
The Global Lighthouse Network comprises industry leaders that are transforming manufacturing processes through AI innovation and digital technologies.
The WEF announced that 22 new manufacturers have joined the network, bringing the total to 172 production facilities and value chains worldwide.
These facilities utilize digital technologies to achieve operational excellence, environmental sustainability, and workforce development.
16) Answer: B
Short Explanation:
At least three former State Bank of India (SBI) executives have been appointed as managing directors and chief executive officers (MD and CEO) of different private sector banks in the past six months.
Detailed Explanation:
At least three former State Bank of India (SBI) executives have been appointed as managing directors and chief executive officers (MD and CEO) of different private sector banks in the past six months.
Partha Pratim Sengupta: Recently approved as MD and CEO of Bandhan Bank; he will assume charge in November 2024.
Saleem Sulaiman Nair: Appointed as MD and CEO of Tamilnad Mercantile Bank in August 2024.
Sanjeev Nautial: Took charge as MD and CEO of Ujivan Small Finance Bank (SFB) on July 1, 2024.
17) Answer: A
Short Explanation:
The Nobel Prize 2024 announcements began on October 7 with the award for Physiology or Medicine, and will continue through October 14 across six categories:
Physiology or Medicine: October 7, 2024
Physics: October 8, 2024
Chemistry: October 9, 2024
Literature: October 10, 2024
Peace: October 11, 2024
Economic Sciences: October 14, 2024
The Nobel Prize for 2024 is valued at 11.0 million Swedish kronor (SEK) per full prize.
Detailed Explanation:
The Nobel Prize 2024 announcements began on October 7 with the award for Physiology or Medicine, and will continue through October 14 across six categories:
Physiology or Medicine: October 7, 2024
Physics: October 8, 2024
Chemistry: October 9, 2024
Literature: October 10, 2024
Peace: October 11, 2024
Economic Sciences: October 14, 2024
2024 Nobel Prize Winners:
| Field | Winners | Discovery | Awarded By |
| Physics | John Hopfield, Geoffrey Hinton | “for foundational discoveries and inventions that enable machine learning with artificial neural networks” | The Royal Swedish Academy of Science |
| Chemistry | David Baker
|
“for computational protein design” | The Royal Swedish Academy of Science |
| Demis Hassabis & John Jumper | “for protein structure prediction” | ||
| Physiology/ Medicine | Victor Ambros, Gary Ruvkun | “for the discovery of microRNA and its role in post-transcriptional gene regulation” | The Karolinska Institute |
| Literature | Han Kang | “for her intense poetic prose that confronts historical traumas and exposes the fragility of human life” | The Royal Swedish Academy of Science |
| Peace | Nihon Hidankyo | “for its efforts to achieve a world free of nuclear weapons and for demonstrating through witness testimony that nuclear weapons must never be used again” | Norwegian Nobel Committee |
| Economic Science | Daron Acemoglu, Simon Johnson & James A. Robinson | “for studies of how institutions are formed and affect prosperity” | Sveriges Riksbank |
Each category’s laureates are selected by a designated institution:
Royal Swedish Academy of Sciences for Physics and Chemistry
Karolinska Institute for Physiology or Medicine
Swedish Academy for Literature
A Norwegian committee for Peace
Sveriges Riksbank oversees the Economic Sciences prize.
Prize Amount:
The Nobel Prize for 2024 is valued at 11.0 million Swedish kronor (SEK) per full prize.
18) Answer: B
Short Explanation:
Nirdeshak, the second of four Survey Vessel (Large) ships, was delivered to the Indian Navy on October 8, 2024.
It was built by Garden Reach Shipbuilders & Engineers (GRSE), Kolkata, and designed by the Indian Navy’s Warship Design Bureau.
The first ship of the SVL class, INS Sandhayak, was commissioned on February 3, 2024.
Detailed Explanation:
Nirdeshak, the second of four Survey Vessel (Large) ships, was delivered to the Indian Navy on October 8, 2024.
It was built by Garden Reach Shipbuilders & Engineers (GRSE), Kolkata, and designed by the Indian Navy’s Warship Design Bureau.
The first ship of the SVL class, INS Sandhayak, was commissioned on February 3, 2024.
INS Nirdeshak is the second in a series of four such vessels being constructed by GRSE, with the first delivered to the Navy 10 months ago in December 2023.
These are the largest survey vessels for the Indian Navy to be built in the country.
Contract and Design: The contract for four Survey Vessels (SVL) was signed on October 30, 2018.
The vessels are designed and built as per the classification rules of the Indian Register of Shipping by GRSE, Kolkata
19) Answer: C
Short Explanation:
The Spices Board of India, under the Ministry of Commerce & Industry, has signed a Memorandum of Understanding (MoU) with the Directorate of Horticulture and Food Processing, Government of Uttarakhand, to promote sustainable agricultural practices in the state.
Detailed Explanation:
The Spices Board of India, under the Ministry of Commerce & Industry, has signed a Memorandum of Understanding (MoU) with the Directorate of Horticulture and Food Processing, Government of Uttarakhand, to promote sustainable agricultural practices in the state.
The MoU aims to identify suitable areas for expanding large cardamom cultivation and other spices in Uttarakhand.
The pilot project will enhance the green economy by improving post-harvest practices, establishing market linkages, and building farmers’ capacity through formingFarmer Producer Organisations (FPOs).
A separate MoU was signed between the Spices Board and House of Himalayas Ltd., a brand launched by PM Narendra Modi, to promote indigenous spices from the region.
20) Answer: C
Short Explanation:
India ranks105th out of 127 countries in the 2024 Global Hunger Index (GHI), placing it in the “serious” category.
With a GHI score of 27.3, India shares the serious category alongside countries like Pakistan and Afghanistan.
The report warns that achieving the UN Sustainable Development Goal of Zero Hunger by 2030 seems increasingly unlikely, particularly due to continued disparities between global food standards and the reality of access to adequate nutrition.
Detailed Explanation:
India ranks105th out of 127 countries in the 2024 Global Hunger Index (GHI), placing it in the “serious” category.
With a GHI score of 27.3, India shares the serious category alongside countries like Pakistan and Afghanistan.
Countries like Bangladesh, Nepal, and Sri Lanka have fared better, achieving “moderate” GHI scores, unlike India, which remains in the serious category.
The 2024 GHI report, published by Concern Worldwide and Welthungerhilfe, highlights that many countries in Africa and conflict zones like Gaza and Sudan face even more extreme food crises, falling under the “alarming” category.
The report warns that achieving the UN Sustainable Development Goal of Zero Hunger by 2030 seems increasingly unlikely, particularly due to continued disparities between global food standards and the reality of access to adequate nutrition.
21) Answer: C
World No. 1 Jannik Sinner secured the Shanghai Masters title by defeating Novak Djokovic in straight sets, 7-6(4), 6-3.
The victory denied Djokovic a chance to become only the third male player to achieve 100 career singles titles, a milestone shared by Jimmy Connors (109) and Roger Federer (103).
The International Tennis Integrity Agency (ITIA) accepted Sinner’s explanation that the substance entered his system unintentionally via a spray used by his physiotherapist.
Despite this, the World Anti-Doping Agency (WADA) has appealed the decision to clear him, seeking a ban of up to two years. This case remains unresolved as of now.
22) Answer: B
Short Explanation:
Aryna Sabalenka became the first player to win the Wuhan Open three times, defeating local star Zheng Qinwen 6-3, 5-7, 6-3 in a thrilling final.
Sabalenka’s record in Wuhan remains perfect, improving to 17-0, having previously won the event in 2018 and 2019.
Detailed Explanation:
Aryna Sabalenka became the first player to win the Wuhan Open three times, defeating local star Zheng Qinwen 6-3, 5-7, 6-3 in a thrilling final.
Sabalenka’s record in Wuhan remains perfect, improving to 17-0, having previously won the event in 2018 and 2019.
This victory marks Sabalenka’s fourth title of the 2024 season, which already includes two Grand Slam titles and a WTA 1000 win in Cincinnati.
She has reached seven finals this year, further solidifying her status as the top player in women’s tennis.
23) Answer: B
Short Explanation:
World Students Day 2024 is observed on the 15th of October 2024, to honor the birthday of our former president, the late Dr. APJ Abdul Kalam.
In 2010, World Students Day was established by the United Nations.
Detailed Explanation:
World Students Day 2024 is observed on the 15th of October 2024, to honor the birthday of our former president, the late Dr. APJ Abdul Kalam.
In 2010, World Students Day was established by the United Nations. In honour of former Indian president APJ Abdul Kalam, who was born on the same day in 1931, October 15 of each year is observed as World Students’ Day.
The purpose of the day is to honor Kalam’s contributions to education and students. Early in his life, Kalam studied science and physics. He was born in Rameswaram, Tamil Nadu.
24) Answer: C
Short Explanation:
Global Handwashing Day 2024 is observed on the 15th of October 2024.
In 2008, the first Global Handwashing Day was observed.
Detailed Explanation:
Global Handwashing Day 2024 is observed on the 15th of October 2024.
The Global Handwashing Partnership established Global Handwashing Day as a chance to develop and put into practice original strategies for inspiring people to wash their hands with soap, particularly in times of need.
In 2008, the first Global Handwashing Day was observed.
25) Answer: E
Pregnancy and Infant Loss Remembrance Day 2024 is observed on the 15th of October 2024.
Pregnancy and Infant Loss Remembrance Day (PAILRD) is a memorial day that is annually honoured on October 15 in the United States and Canada.
On September 28, 2006, the House of Representatives finally approved National Pregnancy and Infant Loss Remembrance Day.
26) Answer: E
Short Explanation:
White Cane Safety Day 2024 is observed on the 15th of October 2024. (This day is dedicated to visually impaired people)
Detailed Explanation:
White Cane Safety Day 2024 is observed on the 15th of October 2024. (This day is dedicated to visually impaired people)
Traveling aids for the blind have long existed in the form of canes, staffs, and sticks, but it wasn’t until the 20th century that white canes came into being and were adopted by the blind as a sign to alert others.
James Biggs, a photographer from Bristol, came up with the concept of white canes. Biggs had an accident in 1921 that left him blind. During that time, there were more cars on the road, so Biggs decided to paint his cane white to make himself more visible to drivers and other pedestrians.
27) Answer: E
Short Explanation:
International Day of Rural Women 2024 is observed on the 15th of October 2024.
This year’s theme, “Rural Women Sustaining Nature for Our Collective Future: Building climate resilience, Conserving Biodiversity, and Caring for land towards gender equality and Empowerment,”
Detailed Explanation:
International Day of Rural Women 2024 is observed on the 15th of October 2024.
This year’s theme, “Rural Women Sustaining Nature for Our Collective Future: Building climate resilience, Conserving Biodiversity, and Caring for land towards gender equality and Empowerment,”
The United Nations (U.N.) has been working to keep the world’s nations peaceful and friendly since its founding in 1945.
October 15 will be recognized yearly as International Day of Rural Women globally, according to a resolution 62/136 passed by the United Nations General Assembly on December 18, 2007.
28) Answer: D
2024 Noble Prize winners list:
| Field | Winners | Discovery | Awarded By |
| Physics | John Hopfield, Geoffrey Hinton | “for foundational discoveries and inventions that enable machine learning with artificial neural networks”
|
The Royal Swedish Academy of Science |
| Chemistry | David Baker
|
“for computational protein design”
|
The Royal Swedish Academy of Science |
| Demis Hassabis & John Jumper | “for protein structure prediction”
|
||
| Physiology/ Medicine | Victor Ambros, Gary Ruvkun | “for the discovery of microRNA and its role in post-transcriptional gene regulation”
|
The Karolinska Institute |
| Literature | Han Kang | “for her intense poetic prose that confronts historical traumas and exposes the fragility of human life”
|
The Royal Swedish Academy of Science |
| Peace | Nihon Hidankyo | “for its efforts to achieve a world free of nuclear weapons and for demonstrating through witness testimony that nuclear weapons must never be used again”
|
Norwegian Nobel Committee |
| Economic Science | Daron Acemoglu, Simon Johnson & James A. Robinson | “for studies of how institutions are formed and affect prosperity”
|
Sveriges Riksbank |
29) Answer: C
About Mauritania :
President : Mohamed Ould Ghazouani
Prime Minister : Mokhtar Ould Djay
President of the National Assembly : Mohamed Ould Meguett
Capital : Nouakchott
Currency : Ouguiya
30) Answer: C
The UMANG App was introduced by Prime Minister Shri Narendra Modi in 2017 with the intention of unifying all government services into a single mobile app and enabling citizen access to government services via mobile devices.
