Daily Current Affairs Quiz – 18th Sep 2024

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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2024 of 18th 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.

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1) The Securities and Exchange Board of India (SEBI) has agreed to reduce the period required for the crediting of bonus shares and subsequent trading to how many days from the record date?

(a) 1day

(b) 2days

(d) 4days

(e) 5days

2) On September 18, 2024, Union Finance Minister Smt. Nirmala Sitharaman will unveil the NPS Vatsalya Scheme. How many locations throughout India will host the launch events?

(a) 71

(b) 72

(d) 75

(e) 78

3) Recently the Fintech Start-Up Moneyview became the ________unicorn in 2024, receiving $4.6 million (INR 38.6 crore) from Accel India and Nexus Ventures.

(a) 3rd

(b) 4th

(d) 6th

(e) 7th

4) Which Bank is bringing Burgundy Private, its private banking division, to fifteen additional locations.With this growth, Burgundy Private will be present in 42 sites throughout India?

(a) HDFC bank

(b) Axis bank

(d) YES bank

(e) KVB bank

5) As part of its Parivartan corporate social responsibility (CSR) effort, which bank aims to raise the income of five lakh marginal farmers who make less than Rs 60,000 a year by 2025?

(a) HDFC bank

(b) Axis bank

(d) YES bank

(e) KVB bank

6) The National Stock Exchange (NSE) memorandum of association has been amended by the Securities and Exchange Board of India (SEBI), allowing for a ten-fold increase in authorized share capital to how many crore?

(a) Rs.200crore

(b) Rs.400crore

(d) Rs.600crore

(e) Rs.800crore

7) InCred Financial Services, a non-banking financial company (NBFC), has received its first Environmental, Social, and Governance (ESG) grade from ICRA ESG Ratings Limited. The former name of ICRA ESG was _____________________.

(a) PDCSL

(b) SDCSL

(d) KDCSL

(e) MDCSL

8) Which company, in addition to Star Health and Allied Insurance Company Limited, announced the launch of “SUPER STAR,” a customized long-term health insurance plan with a customer-centric focus and the goal of providing better value to the customer?

(a) Bajaj

(b) IndusInd

(d) Niva Bupa

(e) Kotak Life

9) Which business launched a cooperation with AU Small Finance Bank (AU SFB) to provide financial security and life insurance?

(a) SBI life

(b) IndusInd

(d) Niva Bupa

(e) Kotak Life

10) The ________ Economic Census (EC), which is slated to take place from January to December 2025, will employ artificial intelligence (AI), according to the Statistics Ministry.

(a) 4th

(b) 5th

(d) 8th

(e) 9th

11) How much money has the Indian government planned to fund a project to advance precision farming using smart technology like drones, IoT, and artificial intelligence (AI)?

(a) Rs.2000crore

(b) Rs.4000crore

(d) Rs.6000crore

(e) Rs.7000crore

12) Recently the Smt. Droupadi Murmu, President of India, will begin _____- India Water Week (IWW) 2024 on September 17th in New Delhi.

(a) 4th

(b) 5th

(d) 7th

(e) 8th

13) ICAR-Central Institute of Fisheries Technology is designated as a Fisheries Incubation Centre. ICAR-CIFT has been a pioneer in fisheries incubation since what year?

(a) 2007

(b) 2008

(d) 2009

(e) 2010

14) The second version of the Audit Quality Maturity Model (AQMM 2.0) has been formally accepted by the Institute of Chartered Accountants of India (ICAI). Which year was AQMM 1.0 first announced ?

(a) 2020

(b) 2021

(d) 2019

(e) 2023

15) In order to include AI assistants into all aspects of its business operations, Vodafone Group Plc and Microsoft Corp. have inked a significant deal. How many hours a week did staff save using Copilot, according to a Vodafone study, greatly increasing operational efficiency?

(a) 1hour

(b) 2hour

(d) 4hour

(e) 5hour

16) Which Emmy Awards ceremony honored outstanding television performances and projects in 2024 and took place in the Peacock Theatre before being televised live on Lionsgate Play in India?

(a) 72nd

(b) 76th

(d) 74th

(e) 75th

17) Which organization’s director general, Ngozi Okonjo-Iweala, is running for reelection this year?

(a) WHO

(b) WTO

(d) UNESCO

(e) WEF

18) Who was appointed as the Non-Executive Chairperson of the Open Network for Digital Commerce (ONDC)?

(a) RS Sharma

(b) RS Verma

(d) RS Dinesh

(e) RS Sriram

19) Which HCL International Bridge Championship edition included a number of fiercely competitive tournaments that showcased extraordinary talent and strategy in the game of bridge, and which just wrapped up in Delhi?

(a) 25th

(b) 16th

(d) 21st

(e) 23rd

20) When was the annual World Bamboo Day observed?

(a) September 15

(b) September 16

(d) September 18

(e) September 14

Answers :

1) Answer: B

Short Explanation:

The Securities and Exchange Board of India (SEBI) has decided to shorten the time taken for credit of bonus shares and their subsequent trading to two days from the record date.

This new rule will apply to all bonus issues announced from October 1.

Detailed Explanation:

The Securities and Exchange Board of India (SEBI) has decided to shorten the time taken for credit of bonus shares and their subsequent trading to two days from the record date.

This new rule will apply to all bonus issues announced from October 1.

Timeline Details:Credit of Bonus Shares: Bonus shares will be credited to investor accounts one working day after the record date (T+1).

Trading of Bonus Shares: Shares will be available for trading on the second working day after the record date (T+2).

Record Date (T Day):The record date is the cutoff date used to determine which shareholders are eligible for bonus shares.

Approval Process:Companies must apply to the stock exchange for in-principle approval within five working days from the board meeting that approves the bonus issue.

2) Answer: D

Short Explanation:

In pursuance of the announcement in the Union Budget 2024-25, Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman will launch the NPS Vatsalya scheme on September 18, 2024, in New Delhi.

PRAN Cards: Permanent Retirement Account Number (PRAN) cards will be distributed to new minor subscribers.

Nationwide Events:The launch events will be held at nearly 75 locations across India.

Detailed Explanation:

Online Platform: An online platform will be introduced for subscribing to NPS Vatsalya.

Scheme Brochure: The brochure of the scheme will be released.

PRAN Cards: Permanent Retirement Account Number (PRAN) cards will be distributed to new minor subscribers.

Nationwide Events:The launch events will be held at nearly 75 locations across India.

Other locations will participate via video conference and will also distribute PRAN membership cards to new minor subscribers.

Scheme Objective:Purpose: NPS Vatsalya is designed to help parents save for their children’s future through a pension account.

Investment Details:Contribution: Parents can invest Rs. 1,000 annually in the name of their child.

3) Answer: D

Short Explanation:

Fintech start-up Moneyview became the sixth unicorn in 2024 after raising $4.6 million (INR 38.6 Cr) from Accel India and Nexus Ventures.

After approval from the company’s board, 60.23 lakh equity shares were allotted to Accel India and Nexus Ventures.

Detailed Explanation:

Fintech start-up Moneyview became the sixth unicorn in 2024 after raising $4.6 million (INR 38.6 Cr) from Accel India and Nexus Ventures.

After approval from the company’s board, 60.23 lakh equity shares were allotted to Accel India and Nexus Ventures.

Compared to 2023, there has been an increase in the number of unicorns in 2024.

In 2023, only two unicorns were created, which include quick commerce start-up Zepto and fintech start-up InCred Finance.

However, in 2024, by September, six unicorns had been created, including Moneyview.

4) Answer: B

Short Explanation:

Axis Bank is expanding its private banking business, Burgundy Private, to 15 new cities.

This expansion will increase Burgundy Private’s presence to 42 locations across India.

Purpose and Focus:The expansion aims to provide bespoke wealth management services to clients in India’s Tier 2 markets.

Detailed Explanation:

Axis Bank is expanding its private banking business, Burgundy Private, to 15 new cities.

This expansion will increase Burgundy Private’s presence to 42 locations across India.

Purpose and Focus:The expansion aims to provide bespoke wealth management services to clients in India’s Tier 2 markets.

Targeted at addressing the unique needs of discerning clients in these rapidly evolving regions.

New Locations:The new cities include Bhubaneswar, Patna, Raipur, Agra, Ghaziabad, Jodhpur, Udaipur, Jalandhar, Meerut, Belgaum, Kozhikode, Thiruvananthapuram, Aurangabad, Nagpur, and Gandhidham.

Assets Under Management (AUM):Burgundy Private has an AUM of nearly ₹2.07 trillion, reflecting a 33% year-on-year increase.

Currently manages wealth for over 13,000 families across 27 cities.

5) Answer: A

Short Explanation:

The country’s biggest private sector lender, HDFC Bank, looks to increase the income of 5 lakh marginal farmers earning less than Rs 60,000 annually by 2025 as part of its corporate social responsibility (CSR) initiative, Parivartan.

Parivartan Overview: Launched in 2014, Parivartan is one of India’s largest CSR programs, active in 28 states and 8 Union Territories, with a focus on rural development and sustainable livelihoods.

Detailed Explanation:

CSR Expenditure: HDFC Bank has spent ₹5,100 crore on CSR activities over the last decade, and reported a CSR spend of ₹945.31 crore for FY 2023-24.

Skill training for 2 lakh individuals to promote self-sufficiency.

Bringing 2 lakh acres of unirrigated land under irrigation to improve agricultural productivity.

Providing 25,000 scholarships to meritorious underprivileged students for better access to education.

6) Answer: C

Short Explanation:

The Securities and Exchange Board of India (SEBI) has approved amendments to the National Stock Exchange (NSE) memorandum of association, allowing a 10-fold increase in authorised share capital to ₹500 crore.

Detailed Explanation:

This move will pave the way for the bourse’s proposed bonus issue.

This increase also provides flexibility if the exchange decides to issue fresh shares during its public offering.

On August 27, the NSE board also sought a no-objection certificate (NOC) from Sebi to move forward with its IPO, which has been delayed due to ongoing regulatory matters, including the co-location case.

7) Answer: A

Short Explanation:

ICRA ESG Ratings Limited has assigned its first Environmental, Social, and Governance (ESG) rating to InCred Financial Services, a Non-Banking Financial Company (NBFC).

ICRA ESG was previously known as Pragati Development Consulting Services Limited (PDCSL).

Detailed Explanation:

ICRA ESG Ratings Limited has assigned its first Environmental, Social, and Governance (ESG) rating to InCred Financial Services, a Non-Banking Financial Company (NBFC).

ICRA ESG was previously known as Pragati Development Consulting Services Limited (PDCSL).

Rating Details:InCred Financial Services has been assigned an [ICRA ESG] Impact 57 rating, categorized as Moderate.

The rating helps assess non-financial risks and opportunities and supports better investment decisions, promoting a more sustainable and responsible investment landscape.

Purpose of ESG Ratings:The ratings assist entities in understanding and diagnosing their ESG impact and guide them in planning and executing future sustainability actions.

8) Answer: C

Short Explanation:

Star Health and Allied Insurance Company Limited (Star Health Insurance) and Policybazaar announced the launch of ‘SUPER STAR’, a personalised long-term health insurance plan which is customer-centric in nature with an objective of delivering greater customer value.

Detailed Explanation:

This game-changer product is designed to meet the evolving needs of policyholders and offers unparalleled flexibility and customization.

The long-term 5-year policy term for individuals and families alike.

SUPER STAR is a digital-only product available through the Policybazaar website and Star Health’s online portal here.

The Super Star plan has multiple sum insured options ranging from ₹5 lakh to ₹1 crore.

9) Answer: E

Short Explanation:

AU Small Finance Bank (AU SFB) and Kotak Life announced a partnership to offer life insurance and financial security solutions.

Detailed Explanation:

AU Small Finance Bank (AU SFB) and Kotak Life announced a partnership to offer life insurance and financial security solutions.

This collaboration is a continuation of Kotak Life’s previous relationship with the former Fincare Small Finance Bank, which is now merged with AU SFB.

This partnership enables AU SFB’s new and existing customers, including those from former Fincare SFB branches, to access Kotak Life’s full range of life insurance products, such as term, retirement, savings, and select investment plans.

10) Answer: D

Short Explanation:

The Statistics Ministry plans to use Artificial Intelligence (AI) in the Eighth Economic Census (EC), scheduled from January to December 2025.

AI will be used to pre-fill data in survey forms, reducing errors and the time required to complete the process.

AI is expected to become a key tool in future government surveys, helping streamline data collection and analysis.

Detailed Explanation:

The Statistics Ministry plans to use Artificial Intelligence (AI) in the Eighth Economic Census (EC), scheduled from January to December 2025.

AI will be used to pre-fill data in survey forms, reducing errors and the time required to complete the process.

AI is expected to become a key tool in future government surveys, helping streamline data collection and analysis.

The Economic Census collects detailed data on the operational and structural characteristics of establishments across India.

It provides crucial insights into the geographical distribution, ownership structures, and workforce composition of economic activities.

The data is essential for socio-economic development planning at the state and district levels.

Currently, the Economic Census is conducted every five to seven years, but the government aims to increase its frequency using advanced technology like AI.

The seventh Economic Census (conducted between 2019 and 2021) results have been delayed due to data quality concerns, but they are expected to be released soon.

11) Answer: D

Short Explanation:

The Indian government has proposed a Rs 6,000-crore initiative to promote precision farming through smart technologies like AI, IoT, and drones.

The Smart Precision Horticulture Programme, under the Mission for Integrated Development of Horticulture (MIDH), aims to revolutionise Indian agriculture with technology-driven solutions.

Detailed Explanation:

The Indian government has proposed a Rs 6,000-crore initiative to promote precision farming through smart technologies like AI, IoT, and drones.

The Smart Precision Horticulture Programme, under the Mission for Integrated Development of Horticulture (MIDH), aims to revolutionise Indian agriculture with technology-driven solutions.

Definition: Precision farming, also known as precision agriculture, leverages modern technologies such as GPS, sensors, drones, AI, and IoT to monitor and optimize crop production.

Goal: Improve resource efficiency (water, fertilizers) and increase crop yields while minimizing environmental impact.

Increased Productivity: Tailoring inputs like water and fertilizers to specific crop needs.

Resource Optimization: Reducing wastage of resources and lowering production costs.

Environmental Benefits: Limiting chemical use to protect soil and water.

Risk Management: Use of real-time data for better decision-making in uncertain conditions.

12) Answer: E

Short Explanation:

President of India, Smt. Droupadi Murmu, will inaugurate the 8th India Water Week (IWW) 2024 on 17th September in New Delhi.

The theme of IWW 2024: The theme is “Partnerships and Cooperation for Inclusive Water Development and Management”, emphasizing the need for cross-sectoral collaboration to achieve sustainable water management.

Detailed Explanation:

President of India, Smt. Droupadi Murmu, will inaugurate the 8th India Water Week (IWW) 2024 on 17th September in New Delhi.

Union Minister of Jal Shakti, Shri C. R. Paatil, and Minister of State, Shri Raj Bhushan Choudhary, will also be present.

The event will witness participation from international water experts, Central and State Government leaders, academics, NGOs, and civil society representatives.

Country Forum: Countries like Denmark, Israel, Australia, and Singapore will discuss their contributions to water management.

13) Answer: D

Short Explanation:

During the 4th Anniversary Celebrations of the Pradhan Mantri Matsya Sampada Yojana (PMMSY) in New Delhi, the ICAR-Central Institute of Fisheries Technology (ICAR-CIFT) was officially designated as a Fisheries Incubation Centre under PMMSY.

Historical Leadership in Incubation ICAR-CIFT has been a leader in fisheries incubation since 2009, having established one of the first Business Incubation Centres in Southern India. This platform has helped entrepreneurs bring innovative ideas to the market.

Detailed Explanation:

Fisheries Incubation Centre: Focus & Impact The newly designated Fisheries Incubation Centre at ICAR-CIFT aims to promote innovation and entrepreneurship in the fisheries and aquaculture sectors. It will focus on:

Transforming business ideas into viable enterprises, particularly supporting women entrepreneurs and aquapreneurs

Commercializing fisheries-related innovations

Offering shared infrastructure like labs, pilot plants, office spaces, and libraries

Providing mentorship and resource support to startups and Farmer Producer Organizations (FPOs)

14) Answer: B

Short Explanation:

The Institute of Chartered Accountants of India (ICAI) has officially approved the second version of its Audit Quality Maturity Model (AQMM 2.0).

History: AQMM 1.0, introduced in 2021, has been mandatory since April 1, 2023, for firms auditing listed entities, banks, and insurance companies. Firms conducting only branch audits were exempt from this requirement.

Detailed Explanation:

The Institute of Chartered Accountants of India (ICAI) has officially approved the second version of its Audit Quality Maturity Model (AQMM 2.0).

This updated model will be mandatory for audit firms engaged with specific public interest entities, including listed companies, banks, and insurance companies.

Applicability: AQMM 2.0 will apply to audit firms auditing listed entities, banks, and insurance companies. Co-operative and multi-state co-operative banks are excluded.

Purpose: The AQMM 2.0 is part of a broader initiative to enhance audit quality in response to recent corporate fraud incidents and the role of statutory auditors in detecting malpractices.

Self-Evaluation Tool: The AQMM serves as a self-evaluation tool for audit firms to assess and improve their audit quality maturity.

15) Answer: C

Short Explanation:

Vodafone Group Plc has signed a major agreement with Microsoft Corp. to integrate AI assistants across its business operations.

Vodafone will acquire 68,000 licenses for Microsoft’s AI-based Copilot technology, which will be used across Microsoft Office products such as Word, Excel, and Teams.

Detailed Explanation:

Vodafone Group Plc has signed a major agreement with Microsoft Corp. to integrate AI assistants across its business operations.

Vodafone will acquire 68,000 licenses for Microsoft’s AI-based Copilot technology, which will be used across Microsoft Office products such as Word, Excel, and Teams.

A trial conducted by Vodafone revealed that the use of Copilot helped employees save three hours per week, significantly enhancing operational efficiency.

Other prominent companies like Honeywell International Inc. and Finastra Group Holdings Ltd. have also integrated Microsoft’s Copilot technology.

According to Microsoft, Copilot usage increased by 60% last quarter, with the number of clients having over 10,000 Copilot users doubling.

Microsoft uses OpenAI to integrate advanced AI features within its Office products, enabling improved performance and capabilities.

A new feature called Pages enables employees to collaboratively edit AI-generated content, boosting teamwork and creativity.

16) Answer: B

Short Explanation:

The 2024 76^th Emmy Awards were held at the Peacock Theatre and broadcast live on Lionsgate Play in India, celebrating exceptional television performances and productions.

The Bear set a record with 11 Emmy wins, including:

Best Lead Actor in a Comedy Series: Jeremy Allen White

Best Supporting Actress: Liza Colón-Zayas (first Latina winner)

Best Supporting Actor: Ebon Moss-Bachrach

Best Directing: Christopher Storer

Detailed Explanation:

The 2024 76^th Emmy Awards were held at the Peacock Theatre and broadcast live on Lionsgate Play in India, celebrating exceptional television performances and productions.

Comedy Categories:

Best Comedy Series: Hacks – WINNER

The Bear set a record with 11 Emmy wins, including:

Best Lead Actor in a Comedy Series: Jeremy Allen White

Best Supporting Actress: Liza Colón-Zayas (first Latina winner)

Best Supporting Actor: Ebon Moss-Bachrach

Best Directing: Christopher Storer

Drama Categories:

Best Drama Series: Shogun – WINNER

Best Actress in a Drama Series: Anna Sawai (first Japanese actress to win)

Best Actor in a Drama Series: Hiroyuki Sanada (first Japanese actor to win)

Best Directing: Frederick E.O. Toye

Limited or Anthology Series:

Best Limited Series: Baby Reindeer – WINNER

Best Lead Actor: Richard Gadd

Best Supporting Actor: Lamorne Morris (Fargo)

Best Supporting Actress: Jessica Gunning (Baby Reindeer)

Reality and Talk Series:

Outstanding Talk Series: The Daily Show – WINNER

Outstanding Reality Competition: The Traitors – WINNER

17) Answer: B

Short Explanation:

Ngozi Okonjo-Iweala, the Director-General of the World Trade Organization (WTO), is seeking a second term.

Her current term expires on August 31, 2024.

Okonjo-Iweala made history in 2021 by becoming the first female and first African Director-General of the WTO.

Detailed Explanation:

Ngozi Okonjo-Iweala, the Director-General of the World Trade Organization (WTO), is seeking a second term.

Her current term expires on August 31, 2024.

Okonjo-Iweala made history in 2021 by becoming the first female and first African Director-General of the WTO.

The WTO is facing rising protectionism from some of its founding members, impacting its role as a rule-setting body for international commerce.

The appointment process is done by consensus of the WTO’s 166 members, typically starting nine months before the expiry of the current term.

18) Answer: A

Short Explanation:

The Open Network for Digital Commerce (ONDC) announced the appointment of RS Sharma as the Non-Executive Chairperson of ONDC.

Detailed Explanation:

The Open Network for Digital Commerce (ONDC) announced the appointment of RS Sharma as the Non-Executive Chairperson of ONDC.

In his career in the Indian Administrative Service (IAS), he has held many key positions, including Director General and Mission Director of UIDAI, Chairman of TRAI, and CEO of the National Health Authority.

He has been a member of the ONDC Advisory Council and the ONDC Technology & Strategy Review Council.

19) Answer: D

Short Explanation:

The 21st HCL International Bridge Championship recently concluded in Delhi with a series of highly competitive events, showcasing exceptional skill and strategy in the game of bridge.

Detailed Explanation:

The 21st HCL International Bridge Championship recently concluded in Delhi with a series of highly competitive events, showcasing exceptional skill and strategy in the game of bridge.

Mixed IMP Pairs Event

Winning Pair: Arun Jain & Gopika Tandon
Score: 69 points
Prize: ₹2,50,000
Details: Arun Jain and Gopika Tandon clinched the top position in the Mixed IMP Pairs event, demonstrating a high level of skill and teamwork to secure victory. Their performance was marked by strategic plays and precise bidding.

Mixed IMP Pairs Silver

Winners: T.V. Ramani & Bindiya Kohli
Score: 72.2 points
Details: In the Silver category, T.V. Ramani and Bindiya Kohli emerged victorious, showcasing their abilities and strategy in this competitive section.

Mixed IMP Pairs Strata-II

Winners: Aditi Sahastrabuddhe & Hemant Purkar
Score: 91.8 points
Details: Aditi Sahastrabuddhe and Hemant Purkar excelled in the Strata-II category, showcasing exceptional skill and coordination.

Event Structure and Participation:

Total Pairs Competed: 102

Finals Qualification: The top 26 pairs from the initial rounds qualified for the finals.

Silver Category: An additional 24 teams competed in the Silver category.

20) Answer: D

Short Explanation:

Every year 18th of September is celebrated as World Bamboo Day.

the World Bamboo Organization recognized World Bamboo Day in the year of 2009.

World Bamboo Day was founded by Kamesh Salam, the former president of the World Bamboo Organization.

Detailed Explanation:

Every year 18th of September is celebrated as World Bamboo Day.

the World Bamboo Organization recognized World Bamboo Day in the year of 2009.

World Bamboo Day was founded by Kamesh Salam, the former president of the World Bamboo Organization.

The World Bamboo Organization Headquarters was located in Antwerp, Belgium.

The 8th World Bamboo Congress was held in Bangkok on 18 September 2009.

So on this day, the World Bamboo Organization declared that every year the 18th of September is observed as World Bamboo Day.

The World Bamboo Congress organized this day in order to achieve the protection of natural resources and to promote new cultivation of Bamboo for new industries in regions around the world.

This post was last modified on September 20, 2024 11:58 am

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Daily Current Affairs Quiz – 18th Sep 2024

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