Daily Current Affairs Quiz – 20th Sep 2024

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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2024 of 20th 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) Which bank has raised ₹7,500 crore this fiscal year through the issue of its second Tier-2 bond that complies with Basel III?

(a) Canara bank

(b) SBI

(d) Bank of Baroda

(e) Punjab National bank

2) Which bank has improved the digital customer support experience by introducing “Aditi,” a virtual relationship manager powered by GenAI?

(a) Canara bank

(b) SBI

(d) Bank of Baroda

(e) Punjab National bank

3) Recently, the Nepal became the __________ nation to become a full member of the International Solar Alliance (ISA).

(a) 102

(b) 103

(d) 101

(e) 100

4) Which city was the first in the world to outlaw commercials for fossil fuel goods and services that emit carbon dioxide, such as air travel and cruise ships?

(a) Bangkok

(b) The Hague

(d) Paris

(e) London

5) Which nation has chosen to supply India USD 52.8 million worth of High Altitude Anti-Submarine Warfare (HAASW) sonobuoys?

(a) US

(b) UK

(d) Japan

(e) Maldives

6) The BRICS New Development Bank (NDB), a global development bank, has authorized Algeria to join. Which year was the NDB founded?

(a) 2012

(b) 2013

(d) 2016

(e) 2018

7) Which city will host the National Centre of Excellence (NCoE) for Animation, Visual Effects, Gaming, Comics, and Extended Reality (AVGC-XR) whenever it is established, per the Union Cabinet’s approval?

(a) Mumbai

(b) Kolkata

(d) Chennai

(e) Bengaluru

8) By approving the plan for simultaneous elections to the Lok Sabha and state Assemblies, the Union Cabinet has made a substantial contribution to the implementation of One Nation, One Election. Who was the chairperson of the committee?

(a) Radha Krishnan

(b) Ram Nath Kovind

(d) Ravi shankar Prasad

(e) Arul Goyal

9) How many important measures aimed at revolutionizing the dairy industry in India is Union Cooperation Minister Amit Shah scheduled to unveil?

(a) 1

(b) 2

(d) 4

(e) 5

10) The Pradhan Mantri Janjatiya Unnat Gram Abhiyan, an initiative to enhance the socioeconomic status of India’s tribal people, has received approval from the Union Cabinet. How many ministries will carry out the 25 initiatives spread across many sectors that are part of the program over the course of five years?

(a) 15

(b) 16

(d) 19

(e) 18

11) The Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA) initiative has been authorized by the Union Cabinet to continue, and how much money has been allocated for it for the 15th Finance Commission cycle, which runs till 2025–2026?

(a) ₹35,000 crore

(b) ₹45,000 crore

(d) ₹25,000 crore

(e) ₹15,000 crore

12) As part of the government’s aim to explore and study Earth’s nearest planet, the Union Cabinet approved the creation of the Venus Orbiter project (VOM) and sanctioned the new moon project Chandrayaan-4. Then, how many months are expected for completion?

(a) 30 months

(b) 32 months

(d) 36 months

(e) 38 months

13) Which state established the first Asian King Vulture (red-headed vulture) conservation and breeding center in history?

(a) Arunachal Pradesh

(b) West Bengal

(d) Andhra Pradesh

(e) Kerala

14) Which Ladakh Zanskar Festival 2024 edition marked a significant milestone for the area by starting with extraordinary splendor in the charming village of Sani?

(a) 4th

(b) 7th

(d) 9th

(e) 10th

15) Which nation’s recently elected president, Masoud Pezeshkian, named Arash Zerehtan the province of Kurdistan’s governor?

(a) Italy

(b) Iran

(d) Thailand

(e) Bangladesh

16) Which ministry appointed Anurag Singh as the Narcotics Control Bureau’s new director general?

(a) Finance

(b) Defence

(d) Home Affairs

(e) Information & Broadcasting

17) Which department would be led by former chief minister of Punjab, Charanjit Singh Channi, on the Parliamentary panel?

(a) MSME

(b) Agriculture

(d) Finance

(e) Skill Development

18) By March 31, 2025, Hindustan Aeronautics Limited (HAL) will have supplied the Indian Air Force (IAF) with the last four LCA Mk-1 trainers. By the end of 2024, the Defence Ministry could give HAL a contract of ₹67,000 crore for how many more LCA Mk-1A aircraft?

(a) 95

(b) 96

(d) 97

(e) 91

19) The Indian light tank, Zorawar, is a highly adaptable platform that may be deployed in high-altitude settings. The Defence Research and Development Organization (DRDO) successfully completed the initial automobile testing of this platform. How many tonnes does it weigh, and how fast can it go over steep valleys?

(a) 21

(b) 22

(d) 24

(e) 25

20) Which team has Ricky Ponting as their head coach starting in 2025 and going forward?

(a) CSK

(b) RCB

(d) Punjab Kings

(e) Delhi Capitals

Answers :

1) Answer: B

Short Explanation:

The State Bank of India (SBI) raised ₹7,500 crore through its second Basel III-compliant Tier-2 bond issuance of the current fiscal year.

The bonds have a coupon rate of 7.33% and a 15-year maturity with a call option after 10 years and on each anniversary thereafter.

Investor Response:The issuance received a strong response from investors.

It attracted bids more than three times the base issue size of ₹4,000 crore.

Detailed Explanation:

The State Bank of India (SBI) raised ₹7,500 crore through its second Basel III-compliant Tier-2 bond issuance of the current fiscal year.

The bonds have a coupon rate of 7.33% and a 15-year maturity with a call option after 10 years and on each anniversary thereafter.

Investor Response:The issuance received a strong response from investors.

It attracted bids more than three times the base issue size of ₹4,000 crore.

77 bids were received from a diverse group of institutional investors, including provident funds, pension funds, mutual funds, and banks.

Previous Issuance:SBI had previously raised ₹7,500 crore through a Tier-2 bond issuance on August 28, 2024, with a coupon rate of 7.42%, a 9 basis point difference.

This earlier issuance also carried a AAA rating with a stable outlook from CRISIL Ratings and CARE Ratings.

Total Fundraising for FY:For the current financial year, SBI has raised a total of ₹15,000 crore through Basel III-compliant Tier-2 bonds.

Demand Comparison:The first issuance of the fiscal year attracted bids totaling over ₹8,800 crore against a base issue size of ₹5,000 crore, with 70 bids received.

2) Answer: D

Short Explanation:

Bank of Baroda (BoB) has introduced ‘Aditi’, a GenAI-powered virtual relationship manager, to enhance the digital customer service experience.

Aditi offers conversational banking through digital avatars with human-like interfaces.

Available on BoB’s web portal, Aditi supports audio, video, and chat-based assistance, providing 24×7 banking
services with multilingual support.

Detailed Explanation:

Bank of Baroda (BoB) has introduced ‘Aditi’, a GenAI-powered virtual relationship manager, to enhance the digital customer service experience.

Aditi offers conversational banking through digital avatars with human-like interfaces.

Available on BoB’s web portal, Aditi supports audio, video, and chat-based assistance, providing 24×7 banking services with multilingual support.

‘GyanSahay.AI’ Knowledge Management Platform:BoB also launched a GenAI-enabled knowledge management platform called ‘GyanSahay.AI’ for its employees.

The platform provides employees with instant and accurate answers, helping them handle customer queries more efficiently.

Empowering Workforce:The GenAI-enabled platform aims to empower BoB’s customer-facing workforce by providing the right information on products, policies, and processes, improving service delivery.

Recruitment for AI Expansion:BoB plans to recruit specialised and skilled resources to drive the large-scale adoption of artificial intelligence technologies in its banking operations and services.

3) Answer: D

Short Explanation:

Nepal became the 101st country to join the International Solar Alliance (ISA) as a full member.

Detailed Explanation:

Nepal became the 101st country to join the International Solar Alliance (ISA) as a full member.

Nepal handed over its Instrument of Ratification to the ISA in New Delhi.

ISA supports its member countries in enhancing solar deployment to improve energy access, ensure energy security, and transition toward low-carbon growth.

The ISA is a collaborative initiative between India and France, conceptualized during the COP21 in Paris, 2015, to combat climate change by implementing solar energy solutions.

4) Answer: B

Short Explanation:

The Hague became the first city in the world to ban advertisements promoting fossil fuel products and carbon-intensive services including cruise ships and air travel.

The Dutch city’s local council passed legislation early Friday that takes effect on Jan. 1, 2025.

Detailed Explanation:

The Hague became the first city in the world to ban advertisements promoting fossil fuel products and carbon-intensive services including cruise ships and air travel.

The Dutch city’s local council passed legislation early Friday that takes effect on Jan. 1, 2025.

The decision follows a call from United Nations Chief Antonio Guterres for governments to abolish such ads, similar to actions against tobacco that began in the 1960s.

The Hague is a city on the North Sea coast of the western Netherlands.

5) Answer: A

Short Explanation:

The United States (US) has decided to sell High Altitude Anti-Submarine Warfare (HAASW) sonobuoys worth USD 52.8 million to India.

It will enhance India’s capacity to conduct anti-submarine warfare operations from its MH-60R helicopters.

Detailed Explanation:

The United States (US) has decided to sell High Altitude Anti-Submarine Warfare (HAASW) sonobuoys worth USD 52.8 million to India.

It will enhance India’s capacity to conduct anti-submarine warfare operations from its MH-60R helicopters.

The proposed sale will also strengthen the US-India strategic and defence relationship.

India had urged to buy AN/SSQ-53O High Altitude Anti-Submarine Warfare (HAASW) sonobuoys; AN/ SSQ-62F HAASW sonobuoys; and AN/SSQ-36 sonobuoys.

Sonobuoys are air-launched, expendable, electro-mechanical sensors designed to relay underwater sounds to remote processors.

6) Answer: C

Short Explanation:

Algeria has been granted authorization to join the BRICS New Development Bank (NDB), a multilateral development bank.

The NDB was established in 2015 by the BRICS countries-Brazil, Russia, India, China, and South Africa to support infrastructure and sustainable development projects in BRICS and other developing countries.

Detailed Explanation:

Algeria has been granted authorization to join the BRICS New Development Bank (NDB), a multilateral development bank.

In 2021, the NDB expanded its membership to include Bangladesh, Egypt, the United Arab Emirates, and Uruguay.

Algeria, as Africa’s leading natural gas exporter, is expected to benefit from NDB membership through new opportunities to bolster and sustain its economic growth in the medium to long term.

7) Answer: A

Short Explanation:

The Union Cabinet has approved the establishment of the National Centre of Excellence (NCoE) for Animation, Visual Effects, Gaming, Comics, and Extended Reality (AVGC-XR) in Mumbai.

This project aims to promote India’s AVGC sector and position the country as a global content hub.

The centre will be formed as a Section 8 Company under the Companies Act, 2013.

Detailed Explanation:

The Union Cabinet has approved the establishment of the National Centre of Excellence (NCoE) for Animation, Visual Effects, Gaming, Comics, and Extended Reality (AVGC-XR) in Mumbai.

This project aims to promote India’s AVGC sector and position the country as a global content hub.

The centre will be formed as a Section 8 Company under the Companies Act, 2013.

Partnership: The Federation of Indian Chambers of Commerce & Industry (FICCI) and the Confederation of Indian Industry (CII) will partner with the Government of India for this initiative.

Objective: The NCoE aims to boost the media and entertainment industry in India, attracting foreign investment and enhancing India’s soft power globally.

Industry Impact: The initiative follows the creation of an AVGC Task Force, announced in the 2022-23 budget, and will support the rapidly growing sectors of consumer behaviour, the creator economy, and disruptive technologies.

8) Answer: B

Short Explanation:

The Union Cabinet has taken a significant step towards implementing One Nation One Election by clearing the proposal for simultaneous elections to the Lok Sabha and state Assemblies.

This development follows the recommendations of a high-level committee chaired by former president Ram Nath Kovind, whose report was presented to the Cabinet.

Detailed Explanation:

The Union Cabinet has taken a significant step towards implementing One Nation One Election by clearing the proposal for simultaneous elections to the Lok Sabha and state Assemblies.

This development follows the recommendations of a high-level committee chaired by former president Ram Nath Kovind, whose report was presented to the Cabinet.

The One Nation One Election bill is expected to be introduced in the upcoming winter session of Parliament.

Union Minister Ashwini Vaishnaw emphasized the broad support for the idea, noting that over 80% of respondents, especially youth, backed the proposal during consultations.

The simultaneous polls would be implemented in two phases. The initial phase will focus on elections for the Lok Sabha and state Assemblies.

The second phase aims to synchronize elections to municipalities and panchayats with national and state polls.

The panel’s report recommends 18 constitutional amendments to make the policy a reality.

9) Answer: C

Short Explanation:

Union Cooperation Minister Amit Shah is set to unveil three significant initiatives to transform the Indian dairy sector.

These include White Revolution 2.0, and measures to improve financial access for dairy farmers through micro-ATMs and Rupay-Kisan Credit Cards.

Detailed Explanation:

Union Cooperation Minister Amit Shah is set to unveil three significant initiatives to transform the Indian dairy sector.

These include White Revolution 2.0, and measures to improve financial access for dairy farmers through micro-ATMs and Rupay-Kisan Credit Cards.

These measures are expected to significantly boost milk production, enhance financial inclusion, and empower dairy farmers, contributing to a more organized and efficient dairy sector.

NDDB will initially fund the White Revolution 2.0, with further support expected from the National Programme for Dairy Development 2.0.

Additionally, the government has signed MoUs for related projects such as organic produce procurement and maize hybrid development for ethanol production.

10) Answer: C

Short Explanation:

The Union Cabinet has given the green light to the Pradhan Mantri Janjatiya Unnat Gram Abhiyan, a scheme aimed at improving the socio-economic conditions of tribal communities in India.

This initiative will cover approximately 63,000 villages across tribal-majority areas and aspirational districts, benefiting over 5 crore tribal people.

The program includes 25 interventions across various sectors and will be implemented by 17 ministries within a time frame of 5 years.

Detailed Explanation:

The Union Cabinet has given the green light to the Pradhan Mantri Janjatiya Unnat Gram Abhiyan, a scheme aimed at improving the socio-economic conditions of tribal communities in India.

This initiative will cover approximately 63,000 villages across tribal-majority areas and aspirational districts, benefiting over 5 crore tribal people.

Total Outlay: ₹79,156 crore.

Central Share: ₹56,333 crore.

State Share: ₹22,823 crore.

Villages Covered: 63,000 across 549 districts and 2,740 blocks.

Beneficiaries: Over 5 crore tribal people from more than 705 tribal communities across the country.

The program includes 25 interventions across various sectors and will be implemented by 17 ministries within a time frame of 5 years.

The scheme aims to ensure saturation coverage in tribal-majority villages, covering areas such as housing, healthcare, education, and infrastructure development.

11) Answer: A

Short Explanation:

The Union Cabinet has approved the continuation of the Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA) scheme, with a financial allocation of ₹35,000 crore for the 15th Finance Commission cycle, which extends until 2025-26.

The scheme now consolidates the Price Support Scheme (PSS) and the Price Stabilization Fund (PSF), along with other components, to create a unified program for better price stabilization and farmer support.

Detailed Explanation:

The integrated components include:

Price Support Scheme (PSS)

Price Stabilization Fund (PSF)

Price Deficit Payment Scheme (PDPS)

Market Intervention Scheme (MIS)

From the 2024-25 season, the procurement at Minimum Support Price (MSP) for pulses, oilseeds, and copra will cover 25% of national production.

Notably, 100% procurement will apply to Tur, Urad, and Masur pulses for the 2024-25 season, reducing the risk of distress sales for farmers.

The government has raised its guarantee for the procurement of pulses, oilseeds, and copra to ₹45,000 crore, providing additional assurance to farmers.

Registered farmers on the eSamridhi and eSamyukti portals will also benefit from this initiative, helping to boost domestic production and reduce import dependency.

The coverage for notified oilseeds has been expanded from 25% to 40% of state production.

The scheme will compensate farmers for the difference between MSP and market prices, with the government covering up to 15% of MSP.

12) Answer: D

Short Explanation:

The Union Cabinet cleared the new moon mission Chandrayaan-4 and approved the development of the Venus Orbiter Mission (VOM) as part of the government’s vision to explore and study the Earth’s closest planet.

Cost: Rs 2,104.06 crore.

Timeline:Expected to be completed within 36 months.

Detailed Explanation:

Cost: Rs 2,104.06 crore.

Timeline:Expected to be completed within 36 months.

Launch Date: Scheduled for March 2028.

Indian Space Station: Bharatiya Antariksh Station by 2035.

Lunar Landing: Indian landing on the moon by 2040.

13) Answer: C

Short Explanation:

Uttar Pradesh Chief Minister Yogi Adityanath inaugurated the Jatayu Conservation and Breeding Centre in the Bharivaisi, Campierganj Range of the Gorakhpur Forest Division.

The centre is the world’s first conservation and breeding centre specifically for the Asian King Vulture (red-headed vulture).

Detailed Explanation:

Uttar Pradesh Chief Minister Yogi Adityanath inaugurated the Jatayu Conservation and Breeding Centre in the Bharivaisi, Campierganj Range of the Gorakhpur Forest Division.

The centre is the world’s first conservation and breeding centre specifically for the Asian King Vulture (red-headed vulture).

While there are other Jatayu conservation and breeding centres for vultures in India, they cater to all breeds of vultures, unlike the Gorakhpur centre, which focuses on the Asian King Vulture.

The Uttar Pradesh Forest Department, in collaboration with the Bombay Natural History Society (BNHS), established the centre.

The centre is spread over 1.5 hectares in the Gorakhpur Forest Division and was constructed at a cost of Rs 2.8 crore.

14) Answer: D

Short Explanation:

The 9th Ladakh Zanskar Festival 2024 began with remarkable grandeur in the picturesque village of Sani, signifying a landmark event for the region.

The festival was inaugurated by Lieutenant Governor Brigadier (Dr) BD Mishra.

Detailed Explanation:

The 9th Ladakh Zanskar Festival 2024 began with remarkable grandeur in the picturesque village of Sani, signifying a landmark event for the region.

The festival was inaugurated by Lieutenant Governor Brigadier (Dr) BD Mishra.

This year’s Zanskar Festival is especially significant as it marks the first celebration since Zanskar was officially declared a district.

The two-day festival showcases a wide array of cultural performances, reflecting the diverse traditions of the region.

Highlights include performances by the Purgi tribes from Kargil, the Shina community of Drass, the Dard-Aryans from Aryan Valley, and the Changpa nomads from Changthang.

15) Answer: B

Short Explanation:

Iran’s new president, Masoud Pezeshkian, has appointed Arash Zerehtan as the governor of Kurdistan province.

This marks the first time in 45 years that a Sunni Muslim has been appointed as a regional governor in Iran.

Detailed Explanation:

Iran’s new president, Masoud Pezeshkian, has appointed Arash Zerehtan as the governor of Kurdistan province.

This marks the first time in 45 years that a Sunni Muslim has been appointed as a regional governor in Iran.

Arash Zerehtan, 48, previously served as a member of parliament representing the city of Paveh from 2020 to 2024.

Sunnis constitute approximately 10% of Iran’s population, with the majority being Shiite Muslims. Shiite Islam is the state religion of Iran.

16) Answer: D

Short Explanation:

Anurag Garg has been appointed as the new Director General (DG) of the Narcotics Control Bureau (NCB) by the Ministry of Home Affairs (MHA), effective from the date of assumption of charge until May 23, 2026, or until further orders.

Detailed Explanation:

Garg is a 1993 batch Indian Police Service (IPS) officer from the Himachal Pradesh cadre and is currently serving as Additional DG in the Border Security Force (BSF).

The NCB head position was temporarily filled by CRPF DG Anish Dayal Singh following the retirement of the previous DG, S N Pradhan, in August.

17) Answer: B

Short Explanation:

Senior Congress leader Shashi Tharoor will head the Standing Committee on External Affairs.

Former Punjab Chief Minister Charanjit Singh Channi will lead the Parliamentary panel on Agriculture.

Two-time Koraput MP Saptagiri Sankar Ulaka will head the panel on Rural Development.

Detailed Explanation:

Senior Congress leader Shashi Tharoor will head the Standing Committee on External Affairs.

Former Punjab Chief Minister Charanjit Singh Channi will lead the Parliamentary panel on Agriculture.

Two-time Koraput MP Saptagiri Sankar Ulaka will head the panel on Rural Development.

Rajya Sabha MP Digvijay Singh will head the Standing Committee on Education.

The Congress party proposed its leadership selections for the four parliamentary panels it is entitled to head.

18) Answer: D

Short Explanation:

Hindustan Aeronautics Limited (HAL) will deliver the final four LCA Mk-1 trainers to the Indian Air Force (IAF) by March 31, 2025.

Future Orders: The Defence Ministry may award HAL a contract for 97 additional LCA Mk-1A jets, worth ₹67,000 crore, by the end of 2024.

Detailed Explanation:

Hindustan Aeronautics Limited (HAL) will deliver the final four LCA Mk-1 trainers to the Indian Air Force (IAF) by March 31, 2025.

Order Details: The delivery is part of an earlier order for 40 LCA Mk-1 aircraft, which includes 32 single-seater jets and 8 twin-seater trainers.

Slow Progress: The LCA Mk-1 programme experienced delays. The Initial Operational Clearance (IOC) contract was signed in 2006 (completion by 2011), and the Final Operational Clearance (FOC) contract in 2010 (completion by 2016).

LCA Mk-1A Programme: HAL is also working on the more advanced LCA Mk-1A variant under a ₹48,000-crore contract for 83 fighters, with delivery by 2028-29.

Future Orders: The Defence Ministry may award HAL a contract for 97 additional LCA Mk-1A jets, worth ₹67,000 crore, by the end of 2024.

Engine Supplies: GE Aerospace will start supplying two engines per month starting November 2024 for the LCA Mk-1A project.

19) Answer: E

Short Explanation:

The Defence Research and Development Organisation (DRDO), successfully conducted the preliminary automotive trials of the Indian light Tank, Zorawar, a highly versatile platform capable of deployment in high-altitude areas.

It weighs 25 tonnes and can move at high speeds in mountainous valleys.

Detailed Explanation:

Zorawar has been successfully developed by the Combat Vehicles Research & Development Establishment (CVRDE), a unit of the Defence Research and Development Organisation (DRDO), in collaboration with Larsen & Toubro Limited.

The tank integrates lessons from the Russia-Ukraine conflict, including Unmanned Surface Vehicles (USVs) and loitering munitions.

It weighs 25 tonnes and can move at high speeds in mountainous valleys.

20) Answer: D

Short Explanation:

Ricky Ponting has been named the Head Coach of Punjab Kings for the 2025 season and beyond.

Ponting’s Coaching Experience:

Coached Mumbai Indians and Delhi Capitals in the IPL, leading them to one championship and four playoff appearances.

Guided Washington Freedom to a title in the 2024 MLC season.

Detailed Explanation:

Ricky Ponting has been named the Head Coach of Punjab Kings for the 2025 season and beyond.

Ponting’s Coaching Experience:

Coached Mumbai Indians and Delhi Capitals in the IPL, leading them to one championship and four playoff appearances.

Guided Washington Freedom to a title in the 2024 MLC season.

Head of Strategy for Hobart Hurricanes in the BBL since 2021.

About Punjab Kings:

Background: One of the original eight IPL franchises, formerly Kings XI Punjab.

Ownership: Consists of Ness Wadia, Mohit Burman, Preity G Zinta, and Karan Paul.

Location: Based in Chandigarh, known for its vibrant spirit and commitment to showcasing local talent on a global platform.

This post was last modified on September 21, 2024 4:02 pm

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Daily Current Affairs Quiz – 20th Sep 2024

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