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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2024 of 17th 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) How much of a fine has the Reserve Bank of India levied on BNP Paribas for failing to follow specific guidelines regarding the “Interest Rate on Advances”?
(a) Rs 30.8 lakh
(b) Rs 32.8 lakh
(c) Rs 33.8 lakh
(d) Rs 35.8 lakh
(e) Rs 31.8 lakh
2) To satisfy the future cash demands of the expanding economy, the Reserve Bank of India (RBI) intends to completely rebuild its currency management infrastructure over the course of the next four to five years. By March 31, 2024, the amount of coins in circulation (CIC) grew to ____________bpcs.
(a) 132.35
(b) 131.35
(c) 135.35
(d) 133.35
(e) 138.35
3) The National Payments Corporation of India (NPCI) has enhanced transaction limits for tax payments via the Unified Payments Interface (UPI), enabling customers to transmit how many lakh in a single transaction?
(a) Rs 5 lakh
(b) Rs 2 lakh
(c) Rs 3 lakh
(d) Rs 1 lakh
(e) Rs 10 lakh
4) In which nation will see the expansion of PhonePe’s merchant acceptance network through a partnership with Liquid Group, a cross-border payment solutions provider?
(a) Maldives
(b) Qatar
(c) Singapore
(d) Oman
(e) Myanmmar
5) To increase electric mobility, the Union Cabinet approves a Rs 10,900 crore project called PM E-DRIVE. What is the maximum number of years that e-bus operation will be sustained after deployment?
(a) 5years
(b) 3years
(c) 12years
(d) 10years
(e) 15years
6) The Spices Board India has released a new software, dubbed “CardsApp,” with the goal of increasing the output of cardamom. Which city hosted the Buyer-Seller Meet and Spices Conclave at the Indian Cardamom Research Institute?
(a) Mumbai
(b) Kolkata
(c) Idukki
(d) Yelagiri
(e) Lucknow
7) After enumerating the accomplishments of the NDA administration’s 100 days in office, a top government official stated that the three new criminal laws will be put into effect nationwide in how many years?
(a) 1year
(b) 2years
(c) 3years
(d) 4years
(e) 5years
8) Using a video conference from Ranchi, Prime Minister Narendra Modi officially opened six Vande Bharat Express trains. Which state saw four of these trains arrive, improving connection both inside and beyond the state?
(a) Gujarat
(b) Kerala
(c) Bihar
(d) Assam
(e) West Bengal
9) Which Minister officially opened the Bharat Startup Knowledge Access Registry (BHASKAR) in New Delhi recently?
(a) Commerce and Industry
(b) Home Affairs
(c) MSME
(d) Finance
(e) Information & Broadcasting
10) The Government will Pay MTNL’s Bond Interest since there is a Financial Gap. What percentage of the outstanding interest payment is due on September 24, 2024?
(a) 7.75%
(b) 5.75%
(c) 8.75%
(d) 6.75%
(e) 4.75%
11) The Gujarat State Institution for Transformation, or GRIT, was established by the Gujarati government and is presided over by Chief Minister Bhupendra Patel. How many people will make up the executive committee that will oversee GRIT’s daily operations?
(a) 5
(b) 6
(c) 8
(d) 10
(e) 9
12) In FY24, the Directorate General of GST Intelligence (DGGI) discovered the largest-ever GST evasion in the online money gambling business, amounting to how much crore over 78 cases?
(a) Rs 80,875 crore
(b) Rs 82,875 crore
(c) Rs 81,875 crore
(d) Rs 83,875 crore
(e) Rs 85,875 crore
13) The 18-year-old chess prodigy Dommaraju Gukesh received Businessline’s Young Changemaker Award. After breaking the 2700 barrier, he became the third-youngest player in history to achieve ______Elo.
(a) 2500
(b) 2550
(c) 2650
(d) 2750
(e) 2850
14) After 50 years as a professional horse trainer, Bezan Chenoy received recognition from the Royal Western India Turf Club (RWITC). Which racetrack hosted the recognition?
(a) Pune
(b) Mumbai
(c) Kolkata
(d) Bengaluru
(e) Chennai
15) Which company names Arunangshu Sarkar as its first director of strategy, according to the government?
(a) ONGC
(b) BPCL
(c) OIL
(d) HPCL
(e) IOL
16) Which Shipyard launched the Indian Navy’s two Anti-Submarine Warfare Shallow Watercrafts (ASWCWC), INS Malpe and INS Mulki, according to the report?
(a) Mumbai
(b) Chennai
(c) Cochin
(d) Kolkata
(e) Benagluru
17) The Indian Navy’s Lt. Commanders A. Roopa and K. Dilna will sail INSV Tarini on a blue-water round of the globe. Which year was the famous Navika Sagar Parikrama, when INSV Tarini circumnavigated the world with a crew composed entirely of women?
(a) 2012
(b) 2015
(c) 2016
(d) 2017
(e) 2019
18) Which date was declared as World Patient Safety Day each year?
(a) September 15
(b) September 17
(c) September 14
(d) September 13
(e) September 12
19) Elias Khoury is a well-known author from Lebanon died. Which year did his first book come out?
(a) 1972
(b) 1971
(c) 1975
(d) 1978
(e) 1979
20) According to the report, Neeraj Chopra finishes in second place at the Diamond League Final to round off the 2024 season. Which year did Neeraj Chopra become the first Indian to win a Diamond League Trophy?
(a) 2021
(b) 2022
(c) 2023
(d) 2019
(e) 2018
Answers :
1) Answer: E
Short Explanation:
The Reserve Bank of India has imposed a penalty of Rs 31.8 lakh on BNP Paribas for non-compliance with certain directions issued by RBI on ‘Interest Rate on Advances’.
Detailed Explanation:
The Reserve Bank of India has imposed a penalty of Rs 31.8 lakh on BNP Paribas for non-compliance with certain directions issued by RBI on ‘Interest Rate on Advances’.
Penalty on Hewlett Packard Financial Services (India) Private Limited:
Amount: ₹10.4 lakh
Penalty on Muthoot Vehicle & Asset Finance Limited:
Amount: ₹7.9 lakh
Penalty on SMFG India Credit Company Limited (formerly Fullerton India Credit Company Limited):
Amount: ₹23.1 lakh
2) Answer: A
Short Explanation:
The Reserve Bank of India (RBI) plans to comprehensively revamp its currency management infrastructure over the next 4-5 years to meet future cash demands of the growing economy.
CIC Growth:Coins in Circulation (CIC) volume also increased to 132.35 bpcs by March 31, 2024, from 127.92 bpcs a year earlier.
Current Infrastructure:Banknotes are printed at 4 printing presses, and coins are minted at 4 mints.
Detailed Explanation:
The Reserve Bank of India (RBI) plans to comprehensively revamp its currency management infrastructure over the next 4-5 years to meet future cash demands of the growing economy.
Project Timeline: The entire project is expected to be completed within 4-5 years, as per RBI’s expression of interest (EoI) document.
NIC volume reached 146.87 billion pieces (bpcs) by March 31, 2024, up from 136.21 bpcs in March 2023.
CIC Growth:Coins in Circulation (CIC) volume also increased to 132.35 bpcs by March 31, 2024, from 127.92 bpcs a year earlier.
Soiled Notes: The volume of soiled notes is expected to increase proportionally, necessitating modernisation of the infrastructure to maintain currency quality.
Current Infrastructure:Banknotes are printed at 4 printing presses, and coins are minted at 4 mints.
New currency is distributed via 19 Issue Offices (IOs) to around 2,800 Currency Chests (CCs) operated by scheduled banks.
3) Answer: A
Short Explanation:
The National Payments Corporation of India (NPCI) has increased transaction limits for tax payments using the Unified Payments Interface (UPI), allowing people to transfer Rs 5 lakh in a single transaction.
Circular from NPCI: NPCI’s circular specifies that acquiring entities must classify merchants under MCC-9311 for tax payments only.
Detailed Explanation:
The National Payments Corporation of India (NPCI) has increased transaction limits for tax payments using the Unified Payments Interface (UPI), allowing people to transfer Rs 5 lakh in a single transaction.
The increase in the transaction limit aims to facilitate smoother and larger tax payments through UPI, addressing the growing use of UPI as a payment method.
This change follows the Reserve Bank of India’s recommendation during the Monetary Policy Committee meeting on August 8, 2024.
Applicability: The Rs 5 lakh limit applies exclusively to tax payments.
For other categories of payments, the UPI transaction limit remains Rs 1 lakh.
Circular from NPCI: NPCI’s circular specifies that acquiring entities must classify merchants under MCC-9311 for tax payments only.
4) Answer: C
Short Explanation:
PhonePe, a Walmart group fintech firm, partnered with Liquid Group, a cross-border payment solutions provider, to expand its merchant acceptance network in Singapore.
The partnership enables PhonePe users traveling to Singapore to scan and pay using the app at Liquid Group’s merchants.
Detailed Explanation:
PhonePe, a Walmart group fintech firm, partnered with Liquid Group, a cross-border payment solutions provider, to expand its merchant acceptance network in Singapore.
The partnership enables PhonePe users traveling to Singapore to scan and pay using the app at Liquid Group’s merchants.
QR codes will be available at tourist-centric locations, such as Changi Airport, duty-free shops, restaurants, bars, retailers (e.g., The Cocoa Trees, Hard Rock Cafe), sightseeing spots, and transportation services.
The collaboration is enabled by Liquid Group’s partnership with NPCI International Payments Limited (NIPL), an arm of NPCI focused on global payments.
Liquid Group has enabled its merchants to accept UPI (Unified Payments Interface) as a payment method, allowing Indian travelers to use their UPI apps for payments.
5) Answer: C
Short Explanation:
In a boost to green mobility, the Cabinet approved a Rs 10,900-crore incentive for promotion of electric mobility, including 25 lakh two-wheelers, and another Rs 3,435 crore for uninterrupted operation of more than 38,000 electric buses across cities and towns.
The operation of e-buses will be supported for up to 12 years post-deployment.
Funding timeline: Until 2028-29.
Detailed Explanation:
In a boost to green mobility, the Cabinet approved a Rs 10,900-crore incentive for promotion of electric mobility, including 25 lakh two-wheelers, and another Rs 3,435 crore for uninterrupted operation of more than 38,000 electric buses across cities and towns.
₹500 crore dedicated for the procurement of e-ambulances.
₹4,391 crore for the procurement and operation of 14,028 e-buses in major cities like Delhi, Mumbai, Kolkata, and others.
₹2,000 crore allocated to build a robust charging network.
Installation of 22,100 fast chargers for electric 4-wheelers.
1,800 fast chargers for e-buses and 48,400 fast chargers for electric two and three-wheelers.
The operation of e-buses will be supported for up to 12 years post-deployment.
Funding timeline: Until 2028-29.
6) Answer: C
Short Explanation:
The Spices Board India has introduced a new mobile application called ‘CardsApp’, aimed at enhancing cardamom production.
The launch took place during the Spices Conclave and Buyer-Seller Meet held at the Indian Cardamom Research Institute in Myladumpara, Idukki.
Detailed Explanation:
The Spices Board India has introduced a new mobile application called ‘CardsApp’, aimed at enhancing cardamom production.
The launch took place during the Spices Conclave and Buyer-Seller Meet held at the Indian Cardamom Research Institute in Myladumpara, Idukki.
The Spices Board aims to empower farmers by leveraging technological advancements like ‘CardsApp’ to boost productivity and promote sustainable growth in India’s cardamom production industry.
The app provides vital soil test results, including a Soil Fertility Map, based on samples from 19 villages in Udumbanchola and Idukki.
It is designed to offer data-driven insights to farmers to improve cardamom productivity.
Launch of the Spices Incubation Centre at Tamil Nadu Agricultural University, Coimbatore.
Inauguration of the Kisan Seva Kendra, a farmer facilitation centre to support spice farmers.
7) Answer: B
Short Explanation:
The three new criminal laws will be implemented across the country in two years, said a top government official, listing the achievements of 100 days of the NDA government.
Detailed Explanation:
The three new criminal laws will be implemented across the country in two years, said a top government official, listing the achievements of 100 days of the NDA government.
Bharatiya Nyaya Sanhita: Replaces the Indian Penal Code (IPC) of 1860.
Bharatiya Nagarik Suraksha Sanhita: Replaces the Code of Criminal Procedure (CrPC) of 1973.
Bharatiya Saksha Sanhita: Replaces the Indian Evidence Act of 1872.
Once FIRs (First Information Reports) are registered under these new laws, the justice system is expected to become more efficient.
8) Answer: C
Short Explanation:
Prime Minister Narendra Modi inaugurated six Vande Bharat Express trains via video conference from Ranchi.
Bihar received four of these trains, enhancing connectivity within the state and beyond.
Detailed Explanation:
Prime Minister Narendra Modi inaugurated six Vande Bharat Express trains via video conference from Ranchi.
Bihar received four of these trains, enhancing connectivity within the state and beyond.
Tatanagar-Patna: Covers 451 km in 7 hours and 15 minutes, excluding Mondays. Stops at Chandil, Muri, Bokaro Steel City, Gomoh, Parasnath, Koderma, and Gaya.
Gaya-Howrah: Semi-high-speed service with stops at Koderma, Dhanbad, Asansol, and Durgapur.
Varanasi-Deoghar: Connects important pilgrimage sites.
Bhagalpur-Howrah: Provides Bhagalpur with its first direct link to Howrah, enhancing connectivity under the Malda division of Eastern Railway.
9) Answer: A
Short Explanation:
Commerce and Industry Minister Piyush Goyal launched the Bharat Startup Knowledge Access Registry (BHASKAR) in New Delhi.
Serve as a central hub for startups, investors, service providers, and government bodies to collaborate and exchange ideas.
Build the world’s largest digital registry for stakeholders within the startup ecosystem.
Detailed Explanation:
Commerce and Industry Minister Piyush Goyal launched the Bharat Startup Knowledge Access Registry (BHASKAR) in New Delhi.
Serve as a central hub for startups, investors, service providers, and government bodies to collaborate and exchange ideas.
Build the world’s largest digital registry for stakeholders within the startup ecosystem.
Networking and Collaboration: Facilitates seamless interaction among various stakeholders.
Centralized Access to Resources: Provides immediate access to critical tools and knowledge.
Personalized Identification: Each stakeholder will receive a unique BHASKAR ID for tailored experiences.
10) Answer: A
Short Explanation:
The Department of Telecommunications (DoT) has confirmed that the government will once again cover Mahanagar Telephone Nigam Limited’s (MTNL) upcoming interest payment on bonds
The upcoming interest payment is at 7.75% and is due on September 24, 2024.
Detailed Explanation:
The Department of Telecommunications (DoT) has confirmed that the government will once again cover Mahanagar Telephone Nigam Limited’s (MTNL) upcoming interest payment on bonds
The government will cover Mahanagar Telephone Nigam Limited’s (MTNL) bond interest payment due to financial shortfalls.
This marks the second consecutive instance of government support for MTNL’s interest payments.
The first occurred in July 2023.
In July 2023, MTNL raised Rs 2,480 crore through 10-year sovereign-guaranteed bonds.
The upcoming interest payment is at 7.75% and is due on September 24, 2024.
MTNL requires Rs 1,151.65 crore to cover interest payments for FY25.
Total repayments for FY25 amount to Rs 4,620 crore, including both interest and principal.
11) Answer: D
Short Explanation:
The Gujarat government has set up the Gujarat State Institution for Transformation-GRIT under Chief Minister Bhupendra Patel’s chairmanship.
A 10-member executive committee will be in place for the day-to-day operations of GRIT.
Detailed Explanation:
The Gujarat government has set up the Gujarat State Institution for Transformation-GRIT under Chief Minister Bhupendra Patel’s chairmanship.
The body will act as a policy think tank on the lines of NITI Ayog.
The Chief Minister will be the Chairman of the Governing Body of this Grit, while the Finance Minister will be the Vice-Chairman and the Ministers of Agriculture, Health, Education and Industries as members.
A 10-member executive committee will be in place for the day-to-day operations of GRIT.
12) Answer: C
Short Explanation:
The Directorate General of GST Intelligence (DGGI) identified the highest-ever GST evasion in FY24, totalling Rs 81,875 crore across 78 cases in the online money gaming industry.
Overall, DGGI uncovered 6,084 cases of tax evasion involving Rs 2.01 trillion in GST during 2023-24, a significant increase from FY23’s Rs 1.01 trillion.
Detailed Explanation:
The Directorate General of GST Intelligence (DGGI) identified the highest-ever GST evasion in FY24, totalling Rs 81,875 crore across 78 cases in the online money gaming industry.
Overall, DGGI uncovered 6,084 cases of tax evasion involving Rs 2.01 trillion in GST during 2023-24, a significant increase from FY23’s Rs 1.01 trillion.
46% of evasion cases were linked to non-payment of taxes, including clandestine supply and undervaluation.
20% involved fraudulent Input Tax Credit (ITC) claims, while 19% related to improper ITC claims or failure to reverse them.
After online gaming, the BFSI sector (Banking, Financial Services, and Insurance) ranked second, with Rs 18,961 crore evaded across 171 cases.
Other sectors involved included works contract services (Rs 2,846 crore), pharmaceuticals (Rs 40 crore), iron, copper, and scrap (Rs 16,806 crore), and pan masala, tobacco, and cigarettes (Rs 5,794 crore).
13) Answer: D
Short Explanation:
Dommaraju Gukesh, an 18-year-old chess prodigy, was awarded Businessline’s Young Changemaker Award.
The award was accepted by his grandparents, Usha and Shankar Raju, as Gukesh was participating in the 45th Chess Olympiad in Budapest, Hungary.
At just 16 years and 1 month, he became the third youngest player in the world to surpass the 2700 mark and later reached 2750 Elo as the youngest ever.
Detailed Explanation:
Dommaraju Gukesh, an 18-year-old chess prodigy, was awarded Businessline’s Young Changemaker Award.
The award was accepted by his grandparents, Usha and Shankar Raju, as Gukesh was participating in the 45th Chess Olympiad in Budapest, Hungary.
Gukesh made history by becoming the youngest chess world championship challenger ever.
He has earned a spot in the 2024 Candidates Tournament, making him the third-youngest player in history to do so, following Bobby Fischer and Magnus Carlsen.
Gukesh crossed the 2700 Elo rating in March 2022, making him the youngest Indian Grandmaster to achieve this.
At just 16 years and 1 month, he became the third youngest player in the world to surpass the 2700 mark and later reached 2750 Elo as the youngest ever.
14) Answer: A
Short Explanation:
The Royal Western India Turf Club (RWITC) honoured Bezan Chenoy for completing 50 years as a professional horse trainer.
The recognition took place at the Pune race course.
Detailed Explanation:
The Royal Western India Turf Club (RWITC) honoured Bezan Chenoy for completing 50 years as a professional horse trainer.
The recognition took place at the Pune race course.
Chenoy remarked, “Fifty years have flown by, but it’s been a great ride.”
Chenoy started his career as an assistant to Dara Pandole, later traveling to England to advance his training expertise.
He received his trainer’s license from the RWITC in August 1974 and saddled his first winner, Naval Glory, within a month of getting his license.
15) Answer: A
Short Explanation:
Arunangshu Sarkar has been appointed as the Director (Strategy and Corporate Affairs) at Oil and Natural Gas Corporation (ONGC), making him the first to hold this position
Detailed Explanation:
Arunangshu Sarkar has been appointed as the Director (Strategy and Corporate Affairs) at Oil and Natural Gas Corporation (ONGC), making him the first to hold this position
The appointment is part of the government’s efforts to revamp and innovate within ONGC, aiming to bring fresh perspectives to the public sector company.
16) Answer: C
Short Explanation:
Two Anti-Submarine Warfare Shallow Watercrafts (ASWCWC) of the Indian Navy, INS Malpe and INS Mulki, were launched at Cochin Shipyard.
Replacement of Abhay Class:These vessels, known as the Mahe Class, will replace the Abhay Class ASW Corvettes in the Indian Navy.
Detailed Explanation:
Two Anti-Submarine Warfare Shallow Watercrafts (ASWCWC) of the Indian Navy, INS Malpe and INS Mulki, were launched at Cochin Shipyard.
They are part of a series of eight ASWCWC vessels being built under a contract signed between the Ministry of Defence (MoD) and CSL on April 30, 2019.
Replacement of Abhay Class:These vessels, known as the Mahe Class, will replace the Abhay Class ASW Corvettes in the Indian Navy.
Specifications:
Length: 78.0 m
Width: 11.36 m
Draught: 2.7 m
Displacement: 900 tonnes
Maximum Speed: 25 knots
Endurance: 1,800 nautical miles
Advanced Features:Equipped with indigenously developed SONARS for underwater surveillance.
17) Answer: D
Short Explanation:
Lt. Commanders A. Roopa and K. Dilna of the Indian Navy are set to embark on a blue-water voyage around the world onboard INSV Tarini..
INSV Tarini:INSV Tarini is renowned for circumnavigating the globe with an all-women crew during the historic Navika Sagar Parikrama in 2017.
Detailed Explanation:
Lt. Commanders A. Roopa and K. Dilna of the Indian Navy are set to embark on a blue-water voyage around the world onboard INSV Tarini..
Lt. Commander A. Roopa is from Pondicherry, and joined the Navy in June 2017.
Sagar Parikrama Expedition:Sagar Parikrama is an arduous blue-water circumnavigation voyage that requires extreme skills, physical fitness, and mental alertness.
Previous Expedition Experience:As part of a six-member crew, the officers participated in a trans-oceanic expedition from Goa to Rio de Janeiro, Brazil, via Cape Town, South Africa, and back in 2023.
INSV Tarini:INSV Tarini is renowned for circumnavigating the globe with an all-women crew during the historic Navika Sagar Parikrama in 2017.
18) Answer: B
Short Explanation:
Every year September 17 is observed as World Patient Safety Day.
The World Patient Safety Day Theme in 2024 is “Improving diagnosis for patient safety”, to recognize the crucial role patients, families, and caregivers play in health care safety.
Detailed Explanation:
Every year September 17 is observed as World Patient Safety Day.
The World Patient Safety Day Theme in 2024 is “Improving diagnosis for patient safety”, to recognize the crucial role patients, families, and caregivers play in health care safety.
In the year of 2019, the World Health Assembly established World Patient Safety Day with a resolution on patient safety at the international level.
Though this day was established in 2019, this day was first observed in the year 2021.
19) Answer: C
Short Explanation:
Lebanese novelist Elias Khoury who dedicated much of his writings to the Palestinian cause and taught at universities around the world, making him one of Lebanon’s most prominent intellectuals, has passed away at the age of 76.
Elias Khoury was born and raised in Beirut on July 12, 1948.
His first novel was published in 1975, with his second novel, Little Mountain (1977), achieving significant success and addressing Lebanon’s civil war.
Detailed Explanation:
Lebanese novelist Elias Khoury who dedicated much of his writings to the Palestinian cause and taught at universities around the world, making him one of Lebanon’s most prominent intellectuals, has passed away at the age of 76.
Elias Khoury was born and raised in Beirut on July 12, 1948.
He was a Greek Orthodox Christian and had significant involvement in Lebanon’s civil war (1975-1990), where he was wounded in battle.
His first novel was published in 1975, with his second novel, Little Mountain (1977), achieving significant success and addressing Lebanon’s civil war.
Over five decades, he wrote articles for various Arab media outlets, becoming a prominent figure in the Arab world.
He served as the editor of the cultural section of Lebanon’s leading newspaper, An-Nahar, from 1992 to 2009.
20) Answer: B
Short Explanation:
Neeraj Chopra, India’s Olympic gold medalist in javelin, finished the 2024 season with a second-place result at the Diamond League final in Brussels.
Neeraj Chopra became the first Indian to win a Diamond League Trophy in 2022.
Missed the top spot by just one centimetre(86.82m), highlighting the narrow margin in his final competition of the season.
Detailed Explanation:
Neeraj Chopra, India’s Olympic gold medalist in javelin, finished the 2024 season with a second-place result at the Diamond League final in Brussels.
Despite winning the Paavo Nurmi Games in Finland earlier in the season, Chopra faced struggles at key events, including the Paris Olympics.
Neeraj Chopra became the first Indian to win a Diamond League Trophy in 2022.
Missed the top spot by just one centimetre(86.82m), highlighting the narrow margin in his final competition of the season.
