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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2024 of 19th 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) What is the annual amount of new loans that Pakistan has been promised by the Asian Development Bank (ADB) between 2024 and 2027, totaling $8 billion over four years?

(a) $2 billion

(b) $1 billion

(d) $4 billion

(e) $5 billion

2) Which nation will get an extra $2 billion in funding from the World Bank this fiscal year to assist crucial reforms, flood response, improving air quality, and healthcare?

(a) Pakistan

(b) Bangladesh

(d) Srilanka

(e) Madagascar

3) Which nation will host the second iteration of the Global Food Regulators Summit?

(a) Srilanka

(b) India

(d) Italy

(e) Germany

4) The CGTMSE Scheme offers women-owned MSMEs an enhanced credit guarantee. What percentage of the new coverage was the Enhanced Credit Guarantee?

(a) 80%

(b) 85%

(d) 75%

(e) 95%

5) Recently, Former President Donald Trump founded World Liberty Financial, a new cryptocurrency enterprise, barely 50 days before the election. The network will launch a new digital token called WLFI, with what percentage of the tokens going to the founding team, which includes the Trump family?

(a) 10%

(b) 20%

(d) 15%

(e) 25%

6) The 55th International Film Festival of India (IFFI) 2024 will be held in Goa from November 20th to 28th, 2024. What was the monetary reward for Best Debut Director of an Indian Feature Film Award?

(a) Rs.2lakhs

(b) Rs.3lakhs

(d) Rs.5lakhs

(e) Rs.10lakhs

7) The first semiconductor park in Uttar Pradesh would be developed in Greater Noida, close to the future Noida International Airport. How many acres of land has the Uttar Pradesh government allotted to three businesses for semiconductor manufacturing projects in Sectors 10 and 28?

(a) 220

(b) 125

(d) 255

(e) 225

8) The government has increased the PF withdrawal limit from Rs. 50000 to ₹1 lakh, which is expected to raise the wage cap. What interest rate does the provident fund now provide for FY24?

(a) 8.10%

(b) 8.15%

(d) 8.25%

(e) 8.50%

9) In August 2024, India’s trade imbalance reached a 10-month high of how much billion, mostly due to record-breaking imports of $64.4 billion and a decline in exports for the second straight month?

(a) $28.7 billion

(b) $25.7 billion

(d) $29.7 billion

(e) $26.7 billion

10) What percentage of India’s inflation, measured by the wholesale price index (WPI), fell to a four-month low in August 2024 from 2.04% in July 2024?

(a) 1.30%

(b) 1.31%

(d) 1.35%

(e) 1.37%

11) When India’s exports fell 9.3% to ₹2.91 lakh crores ($34.71 billion) in August 2024, it was the biggest drop in how many months?

(a) 10months

(b) 11months

(d) 13months

(e) 15months

12) Which company has received the esteemed Rajbhasha Kirti Puraskar from the Indian government’s Ministry of Home Affairs’ Department of Official Language?

(a) HAL

(b) BEL

(d) HPCL

(e) BHEL

13) On September 17, 2024, Arvind Kejriwal, the convenor of the Aam Aadmi Party (AAP), announced his resignation as chief minister of Delhi. Atishi Marlena was suggested by Arvind Kejriwal as CM, and she will become the _______ female Chief Minister of Delhi.

(a) 1st

(b) 2nd

(d) 4th

(e) 5th

14) Recently, The nomination of four new chief justices of the high court is recommended by the Supreme Court Collegium. Who leads the SC Collegium?

(a) Tashi Rabstan

(b) Indra Prasanna Mukerji

(d) G.S. Sandhawalia

(e) D.Y. Chandrachud

15) Recently, the “Vinetra,” a cutting-edge submarine escape training facility, was put into service at INS Satavahana in Visakhapatnam. What did the facility “Vinetra” mean?

(a) Sharper

(b) Faster

(d) Explorer

(e) Stronger

16) Which company, a world leader in digital services and consultancy, has announced a long-term partnership with Metro Bank, the community-focused bank in the UK, to dramatically strengthen its IT and support functions?

(a) Wipro

(b) TCS

(d) Accenture

(e) HCL

17) Recently, the FIH Hockey Stars Awards nominees Harmanpreet Singh and PR Sreejesh were announced in the wake of their remarkable Olympic achievements in Paris. In the bronze medal game, which nation did India’s men’s hockey team defeat to further cement their Olympic legacy?

(a) Japan

(b) Spain

(d) Netherland

(e) China

18) Recently, India defeated which nation in a fiercely contested match to win their sixth Asian Champions Trophy championship?

(a) Japan

(b) Spain

(d) Netherland

(e) China

19) Recently in the Ace Academy,1 the AITA Men’s Tennis Tournament was hosted, which saw top seed Ajay Malik emerge victorious. Who was Ajay’s opponent?

(a) Pirmin Blaak

(b) Nike Lorenz

(d) Kamaesh Salam

(e) Hannes Müller

20) Where was the Dudhwa National Park located in?

(a) Maharashtra

(b) Uttar Pradesh

(d) Madhya Pradesh

(e) Odisha

Answers :

1) Answer: A

Short Explanation:

The Asian Development Bank (ADB) has assured Pakistan of providing $2 billion annually in new loans from 2024 to 2027, totaling $8 billion over four years.

ADB President Masatsugu Asakawa gave the assurance during his visit and interaction with Pakistani authorities.

Loan Terms:Out of the $2 billion annual loan, $1 billion will be provided at a fixed 2% interest rate under ADBs concessional window.

Detailed Explanation:

The Asian Development Bank (ADB) has assured Pakistan of providing $2 billion annually in new loans from 2024 to 2027, totaling $8 billion over four years.

ADB President Masatsugu Asakawa gave the assurance during his visit and interaction with Pakistani authorities.

Loan Terms:Out of the $2 billion annual loan, $1 billion will be provided at a fixed 2% interest rate under ADBs concessional window.

Pakistan’s Economic Struggles:Pakistan has struggled to secure cheaper credit due to worsened credit ratings, leading to loans with high-interest rates ranging from 7% to 11%.

The bank will also promote regional economic integration with Central Asian neighbours through the Central Asia Regional Economic Cooperation (CAREC) programme, aimed at unlocking new trade and investment opportunities.

New Appointments:ADB appointed Emma Fan, a Chinese-born New Zealander, as the new Country Director for Pakistan, replacing Yong Ye.

The IMF appointed Mahir Bicini, a Turkish national, as the new Country Head, who will take over in December 2024.

Historical Context:Pakistan joined the ADB as a founding member in 1966.

2) Answer: B

Short Explanation:

The World Bank pledged an additional $2 billion in financing to Bangladesh during this fiscal year to support critical reforms, flood response, air quality improvement, and healthcare.

World Bank Commitment:The World Bank is committed to increasing lending to Bangladesh to support the reform agenda of the Interim Government.

USAID Aid:USAID-Bangladesh recently announced $202.25 million in aid to Bangladesh to advance development, empower youth, strengthen democracy, improve health, and expand trade and economic opportunities.

Detailed Explanation:

The World Bank pledged an additional $2 billion in financing to Bangladesh during this fiscal year to support critical reforms, flood response, air quality improvement, and healthcare.

World Bank Commitment:The World Bank is committed to increasing lending to Bangladesh to support the reform agenda of the Interim Government.

Repurposing Existing Funds:The World Bank plans to repurpose an additional $1 billion from existing programmes in consultation with the government, bringing the total financial assistance to around $3 billion.

Chief Advisers Request:Muhammad Yunus requested the World Bank to provide technical support to recover stolen assets siphoned off by corrupt individuals during the previous governments rule.

3) Answer: B

Short Explanation:

India is set to host the second edition of the Global Food Regulators Summit from September 19-21, 2024, in New Delhi.

Organized by the Food Safety and Standards Authority of India (FSSAI) under the Union Ministry of Health and Family Welfare, the event aims to bring together international experts and regulators to discuss critical food safety regulations.

Detailed Explanation:

India is set to host the second edition of the Global Food Regulators Summit from September 19-21, 2024, in New Delhi.

Delegates from over 70 countries are expected to attend the summit.

The event will promote global collaboration and knowledge-sharing on key issues such as food safety, risk assessment, and capacity building.

More than 5,000 attendees are expected to join in person, while over 1.5 lakh participants will engage virtually.

The summit will focus on fostering international cooperation on food safety regulations.

Discussions will cover food safety standards, regulatory strategies, and enhancing analytical competence.

The summit emphasizes India’s leadership in promoting food safety standards and securing global food systems.

4) Answer: C

Short Explanation:

Union Minister Jitan Ram Manjhi announced a significant policy change that will benefit women-owned micro and small enterprises (MSMEs) by providing enhanced credit guarantee coverage under the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) scheme.

This adjustment was approved by the CGTMSE Board.

Enhanced Credit Guarantee Coverage:

New Coverage: 90%

Previous Coverage: 85%

Beneficiaries: Expected to impact 27 lakh women-led MSMEs.

Detailed Explanation:

This adjustment was approved by the CGTMSE Board.

Enhanced Credit Guarantee Coverage:

New Coverage: 90%

Previous Coverage: 85%

Beneficiaries: Expected to impact 27 lakh women-led MSMEs.

Objective:

Improve Access: The increased coverage aims to enhance access to collateral-free credit from banks for women entrepreneurs.

Formalisation of MSMEs:

Total Formalised: 5.07 crore MSMEs

Jobs Created: 21 crore

Prime Minister Employment Generation Programme (PMEGP):

New Micro Enterprises Established: 26,426

Loan Disbursements: ₹3,148 crore

Technology Centres:

Planned Centres: 14 across India

Investment: ₹2,800 crore

Locations: Including Nagpur, Pune, and Bokaro

5) Answer: B

Short Explanation:

Former President Donald Trump launched a new cryptocurrency venture called World Liberty Financial just 50 days before Election Day.

World Liberty Financial is Donald Trump’s new cryptocurrency venture, aiming to offer decentralized finance (DeFi) services.

The platform will introduce a new digital token called WLFI, with 20% of the tokens allocated to the founding team, which includes the Trump family.

Detailed Explanation:

Former President Donald Trump launched a new cryptocurrency venture called World Liberty Financial just 50 days before Election Day.

World Liberty Financial is Donald Trump’s new cryptocurrency venture, aiming to offer decentralized finance (DeFi) services.

Decentralized finance (DeFi) eliminates the need for intermediaries like banks, using blockchain technology to keep tamper-proof records of transactions.

The platform will introduce a new digital token called WLFI, with 20% of the tokens allocated to the founding team, which includes the Trump family.

Eric and Donald Jr. are titled “Web3 Ambassadors”, and Barron Trump is referred to as the chief DeFi visionary.”

Market and Technology:DeFi platforms use blockchain technology to conduct peer-to-peer transactions without intermediaries.

6) Answer: D

Short Explanation:

The 55th International Film Festival of India (IFFI) 2024 is slated to be held in Goa from 20th to 28th November 2024.

The Ministry of Information and Broadcasting has instituted a new section as part of IFFI, 2024 for the Indian young filmmaker called “Best Debut Indian Film Section 2024″.

Detailed Explanation:

The 55th International Film Festival of India (IFFI) 2024 is slated to be held in Goa from 20th to 28th November 2024.

The Ministry of Information and Broadcasting has instituted a new section as part of IFFI, 2024 for the Indian young filmmaker called “Best Debut Indian Film Section 2024″.

A maximum of 5 debut feature films showcasing the work of new directors who are contributing fresh perspectives and stories to Indian cinema shall be selected in accordance with the rules and regulations and shall be shown in the Best Debut Indian Film section.

Union Minister Shri Anurag Thakur announced that the 54th International Film Festival will be held from 20th to 28th November, 2023, in Goa.

7) Answer: E

Short Explanation:

The first semiconductor park in Uttar Pradesh will be established in Greater Noida, near the upcoming Noida International Airport.

The Uttar Pradesh government has allocated 225 acres of land in Sector 10 and Sector 28 for semiconductor manufacturing projects by three companies.

Detailed Explanation:

The first semiconductor park in Uttar Pradesh will be established in Greater Noida, near the upcoming Noida International Airport.

The Uttar Pradesh government has allocated 225 acres of land in Sector 10 and Sector 28 for semiconductor manufacturing projects by three companies.

Companies and Land Allocation : Arun Vir Singh, chief executive officer, Yamuna Development Authority (YEIDA), stated that 50 acres of land in Sector-10 have been allocated to Kaynes Semicon Private Limited and Vama Sundari Investments for setting up semiconductor units.

Kaynes Semicon will also establish a unit on 50 acres, with specific electricity requirements.

TURCK will be allocated 125 acres of land.

Investment:The three companies are expected to invest between Rs 40,000 crore and Rs 80,000 crore in their respective projects.

UP is the 4th state to implement such a policy, following Gujarat, Odisha, and Tamil Nadu.

8) Answer: D

Short Explanation:

New Limit: Subscribers can now withdraw up to ₹1 lakh from their EPFO accounts for personal financial needs.

Previous Limit: The withdrawal limit was ₹50,000, but it was deemed insufficient due to rising living and consumption costs.

EPFO Interest Rate: The provident fund currently offers an interest rate of 8.25% for FY24.

Detailed Explanation:

Union Labour Minister Mansukh Mandaviya announced significant updates regarding the Employees’ Provident Fund Organisation (EPFO), a government-managed retirement savings fund, introducing enhanced flexibility for subscribers and changes to withdrawal limits and eligibility criteria.

New Limit: Subscribers can now withdraw up to ₹1 lakh from their EPFO accounts for personal financial needs.

Previous Limit: The withdrawal limit was ₹50,000, but it was deemed insufficient due to rising living and consumption costs.

EPFO Interest Rate: The provident fund currently offers an interest rate of 8.25% for FY24.

Significance: The EPFO plays a crucial role in providing retirement income for over 10 million organized sector employees, representing a primary source of lifetime savings.

9) Answer: D

Short Explanation:

Indias trade deficit soared to a 10-month high of $29.7 billion in August 2024, driven by record imports of $64.4 billion and a contraction in exports for the second consecutive month.

The widening gap between imports and exports is attributed to factors such as a doubling of gold imports, weakening global demand, and softening oil prices.

Detailed Explanation:

The widening gap between imports and exports is attributed to factors such as a doubling of gold imports, weakening global demand, and softening oil prices.

Decline: Exports shrank 9.3%, amounting to $34.7 billion in August.

Factors: The contraction was driven by:

A slowdown in China.

Falling petroleum prices.

Ongoing recessions in advanced economies like the U.S. and Europe.

Logistical challenges due to transportation route diversions from the Suez Canal to the Cape of Good Hope.

Merchandise Imports:

Growth: Imports rose 3% year-on-year.

Gold Imports: Gold imports surged to $10 billion due to:

Stocking ahead of the festive season.

Falling global prices.

A reduction in the import duty on gold from 15% to 6% in July 2024.

Other High Imports: Coal imports increased by 8.88%, electronic goods by 12.78%, and non-ferrous metals by 22%.

Petroleum and Crude Imports: In contrast, imports of petroleum and crude products contracted by nearly a third, down to $11 billion.

Trade Deficit and Economic Impact:

Current Account Deficit (CAD): Aditi Nayar, Chief Economist at ICRA, expressed concerns that the merchandise trade deficit could lead to an increase in India’s current account deficit to 1.5-2% of GDP for Q2FY25.

10) Answer: B

Short Explanation:

Indias wholesale price index (WPI)-based inflation dropped to a four-month low of 1.31% in August 2024, down from 2.04% in July 2024.

According to data from the Ministry of Commerce and Industry, this decline is attributed to reduced prices in manufactured goods and food items.

Detailed Explanation:

Indias wholesale price index (WPI)-based inflation dropped to a four-month low of 1.31% in August 2024, down from 2.04% in July 2024.

According to data from the Ministry of Commerce and Industry, this decline is attributed to reduced prices in manufactured goods and food items.

Food Prices Inflation:August: 3.11%; July: 3.45%

Inflation for manufactured products, which make up 64.2% of the index, decreased to 1.22% from 1.58% in July.

The cooling down of factory gate inflation comes in the wake of a slight rise in retail inflation to 3.65% in August from 3.6% in July.

11) Answer: D

Short Explanation:

Indias exports experienced their sharpest decline in 13 months, falling by 9.3% in August 2024 to ₹2.91 lakh crores ($34.71 billion).

This decline, coupled with a record high in imports, resulted in a substantial increase in the trade deficit, which soared to a 10-month high of $29.65 billion.

Detailed Explanation:

Indias exports experienced their sharpest decline in 13 months, falling by 9.3% in August 2024 to ₹2.91 lakh crores ($34.71 billion).

This decline, coupled with a record high in imports, resulted in a substantial increase in the trade deficit, which soared to a 10-month high of $29.65 billion.

Exports:

August 2024: ₹2.91 lakh crores ($34.71 billion)

Decline: 9.3% from the previous year

Major factors contributing to the decline include global economic uncertainties, a slowdown in China, and a recession in Europe and the US.

Imports:

August 2024: ₹5.40 lakh crores ($64.36 billion) – a record high

Increase: 3.3% from the previous year.

12) Answer: E

Short Explanation:

Bharat Heavy Electricals Limited (BHEL) has been honored with the prestigious Rajbhasha Kirti Puraskar by the Department of Official Language, Ministry of Home Affairs, Government of India.

Detailed Explanation:

This award is presented for excellence in implementing the Official Language policy.

Award: Rajbhasha Kirti Puraskar

Awarding Body: Department of Official Language, Ministry of Home Affairs, Government of India

Recognition: Outstanding performance in promoting and implementing Hindi across BHEL’s operations.

13) Answer: C

Short Explanation:

Arvind Kejriwal, the Aam Aadmi Party (AAP) convenor, resigned as the Delhi Chief Minister on 17 September 2024.

He submitted his resignation to Lieutenant Governor Vinai Kumar Saxena.

Arvind Kejriwal proposed the name of Atishi Marlena, Delhi Minister, as his successor for the position of Chief Minister.

Atishi will be the third woman Chief Minister of Delhi after Sheila Dikshit and Sushma Swaraj.

Detailed Explanation:

Arvind Kejriwal, the Aam Aadmi Party (AAP) convenor, resigned as the Delhi Chief Minister on 17 September 2024.

He submitted his resignation to Lieutenant Governor Vinai Kumar Saxena.

Arvind Kejriwal proposed the name of Atishi Marlena, Delhi Minister, as his successor for the position of Chief Minister.

Atishi will be the third woman Chief Minister of Delhi after Sheila Dikshit and Sushma Swaraj.

She played a key role in shaping policies on education and grievance redressal through Mohalla Sabhas.

Atishi served as the Chairman of the Public Accounts Committee and contributed to other important committees like Women and Child Welfare, Minority Welfare, and Education.

She is the MLA from Kalkaji constituency in New Delhi.

She holds key portfolios in the Delhi Cabinet, including finance, water, and education, demonstrating her prominent role in governance.

14) Answer: E

Short Explanation:

The Supreme Court Collegium recommended afresh to the Centre the appointment of Chief Justices of the High Courts of Meghalaya, Jammu and Kashmir and Ladakh, Madhya Pradesh, and Himachal Pradesh.

The SC Collegium, headed by the Chief Justice of India D.Y. Chandrachud

Detailed Explanation:

The SC Collegium, headed by the Chief Justice of India D.Y. Chandrachud.

15) Answer: C

Short Explanation:

A state-of-the-art submarine escape training facility, named “Vinetra,” was commissioned at INS Satavahana in Visakhapatnam.

The facility “Vinetra” (विनेत्र), meaning “Trainer”represents a significant step forward in building confidence among submariners, ensuring that they are equipped with the skills and training necessary to escape in case of any underwater emergency.

Detailed Explanation:

A state-of-the-art submarine escape training facility, named “Vinetra,” was commissioned at INS Satavahana in Visakhapatnam.

The facility, developed by M/s L&T Defence as a turnkey project, features a five-meter escape tower integrated with a diving basin.

Kalvari-class submarines are a series of diesel-electric attack submarines built for the Indian Navy.

These submarines are based on the Scorpène-class, originally designed by the French shipbuilder Naval Group (formerly DCNS).

The first submarine in this class, INS Kalvari, was commissioned in 2017.

16) Answer: C

Short Explanation:

Metro Bank, the UKs community-focused bank, has announced a long-term collaboration with Infosys, a global leader in digital services and consulting, to significantly improve its IT and support functions.

This partnership aligns with Metro Banks ongoing efforts to boost efficiency and cut costs while undergoing a digital transformation to optimize business operations.

Detailed Explanation:

This partnership aligns with Metro Banks ongoing efforts to boost efficiency and cut costs while undergoing a digital transformation to optimize business operations.

Infosys will play a crucial role in enhancing Metro Banks digital capabilities, focusing on improving automation, refining data management, and embedding AI technologies to streamline processes and enhance customer experience.

The collaboration will also leverage Infosys Topaz, an AI-first platform built on generative AI technologies, to further simplify and enhance the consistency of services for Metro Banks customers, known as FANS.

The partnership aims to deliver a more seamless and consistent customer experience, utilizing advanced technologies like artificial intelligence and data analytics.

Infosys expertise in automation and AI will enable Metro Bank to provide faster, more personalized services, improving overall customer satisfaction.

17) Answer: B

Short Explanation:

India’s hockey captain Harmanpreet Singh and veteran goalkeeper PR Sreejesh have been shortlisted for the prestigious FIH Hockey Stars Awards following their outstanding performances at the Paris Olympics.

The nominations were announced by the International Hockey Federation (FIH).

Detailed Explanation:

The nominations were announced by the International Hockey Federation (FIH).

Harmanpreet Singh is in the running for the FIH Player of the Year award after leading India to a bronze-medal finish in the Olympics. He netted 10 goals, the highest by any player in the tournament.

PR Sreejesh has been nominated for the Goalkeeper of the Year award, following his stellar defensive display, particularly during the quarterfinal against Great Britain, where India advanced to the semifinals after a 4-2 penalty shootout win.

Indias mens hockey team secured a 2-1 victory over Spain in the bronze medal match, adding to their legacy on the Olympic stage.Harmanpreet Singh’s leadership and Sreejesh’s goalkeeping were instrumental in India’s success throughout the tournament.

18) Answer: E

Short Explanation:

India won their fifth Asian Champions Trophy title with a hard-fought 1-0 victory over China.

The decisive goal was scored by Jugraj Singh in the 51st minute, assisted by Harmanpreet Singh.

Detailed Explanation:

India won their fifth Asian Champions Trophy title with a hard-fought 1-0 victory over China.

The decisive goal was scored by Jugraj Singh in the 51st minute, assisted by Harmanpreet Singh.

Despite China’s resilient defence, India managed to secure the win and retain their crown.

Jugraj Singh’s Goal: Assisted by Harmanpreet Singh, this goal was crucial in securing India’s victory.

Chinese Resilience: Despite the loss, China demonstrated strong defensive capabilities and pressured India throughout the match.

19) Answer: C

Short Explanation:

The Rs. 100,000 AITA Men’s Tennis Tournament, held at the Ace Academy, concluded with top seed Ajay Malik clinching the championship title.

The tournament showcased competitive matches and high-level tennis.

Champion: Ajay Malik
Final Score: 6-4, 6-4
Opponent: Vansh Nandal (8th Seed)

Detailed Explanation:

The Rs. 100,000 AITA Men’s Tennis Tournament, held at the Ace Academy, concluded with top seed Ajay Malik clinching the championship title.

The tournament showcased competitive matches and high-level tennis.

Champion: Ajay Malik
Final Score: 6-4, 6-4
Opponent: Vansh Nandal (8th Seed)

Ajay Malik:

Achievement: Won the tournament without dropping a set throughout the competition.

Final Match: Demonstrated consistent and high-level performance in both sets, securing a straight-set victory.

Vansh Nandal:

Achievement: Reached the final as the eighth seed, showing strong form and competitive play throughout the tournament.

20) Answer: B

About UP :

Governor : Anandiben Patel

Chief Minister : Yogi Adityanath

Capital : Lucknow

National Park : Dudhwa National Park

Wildlife Sanctuary : Bakhira Wildlife Sanctuary, Chandraprabha Wildlife Sanctuary, National Chambal Wildlife Sanctuary

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Daily Current Affairs Quiz – 19th Sep 2024

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