Home » Daily Current Affairs Quiz – 21st & 22nd July 2024

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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2024 of 21st & 22nd July 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 Reserve Bank of India (RBI) has established a committee to assess the charge structure for white-label ATMs (WLAs). Sunil Mehta, CEO of the Indian Banks’ Association, heads the committee. How many licensed non-bank organizations are now operating white-label ATMs in the country?

(a) 5

(b) 4

(d) 6

(e) 7

2) As per July report, Which entity authorizes credit rating agencies and ERPs to operate within IFSCA?

(a) SIDBI

(b) SEBI

(d) NABARD

(e) RBI

3) What is the penalty imposed by the Reserve Bank of India (RBI) on Muthoot Finance Limited for failing to comply with the ‘Know Your Customer (KYC) Directions, 2016’?

(a) Rs 1.8lakh

(b) Rs 1.7lakh

(d) Rs 1.6lakh

(e) Rs 1.5lakh

4) In an effort to bridge the gap between mutual funds and portfolio management services (PMS), the Securities and Exchange Board of India (SEBI) has proposed a new asset class, aimed at investors having investable capital between Rs 10 lakh and Rs 50 lakh. A Chief Investment Officer (CIO) with 10 years or more of experience should oversee how much crores of AUM?

(a) Rs.1000crore

(b) Rs.3000crore

(d) Rs.4000crore

(e) Rs.6000crore

5) What percentage of GDP is expected to be generated by India’s fintech sector, with a predicted total value of $420 billion by 2029?

(a) 29%

(b) 30%

(d) 27%

(e) 33%

6) The Prime Minister’s ambition of making India a developed nation by 2047 was emphasized by Jitan Ram Manjhi, the Union Minister for Micro, Small, and Medium Enterprises (MSME). Which campaign was started in Jaipur by the MSME Ministry?

(a) NIRBHAYA

(b) YASHASWINI

(d) SWADHAR

(e) SHAKTI

7) The _________ World Heritage Committee conference, an event organized by UNESCO, will be held in India for the first time to review proposals for new World Heritage sites and the state of conservation of existing ones.

(a) 45th

(b) 46th

(d) 48th

(e) 49th

8) On July 26, Piyush Goyal is scheduled to attend the BRICS trade ministers’ meeting in which nation, with an emphasis on improving trade relations and addressing export-related issues?

(a) Russia

(b) Brazil

(d) China

(e) Singapore

9) In order to update the base year for several price indices, such as the consumer, wholesale, retail, and producer pricing indices, the centre has established a committee. How many membercommittee was that?

(a) 20

(b) 21

(d) 23

(e) 25

10) Which state’s ‘Moidams,’ the Ahom dynasty’s mound burial system, will be up for consideration at the 46th session of the World Heritage Committee to be added to the list of World Heritage Sites?

(a) Sikkim

(b) Assam

(d) Tripura

(e) Bihar

11) As per the company’s shareholder letter, India ranked second among all countries in terms of new paid subscriber additions for Netflix in the second quarter of 2024. India ranked _________ as the largest nation for Netflix in terms of revenue growth over the course of the quarter.

(a) 2nd

(b) 3rd

(d) 5th

(e) 1st

12) The Param Vishisht Seva Medal was awarded to distinguished military and naval figures, such as the chief of the Army and Navy. How many decorations for exceptional service were given to Indian Coast Guard members and members of the armed forces?

(a) 95

(b) 94

(d) 92

(e) 91

13) A memorandum of understanding (MoU) was signed to facilitate cooperation in the area of economic and financial security between Rashtriya Raksha University (RRU) in Gandhinagar and the NSE International Exchange (NSE IX). Who mentioned the NSE’s crucial role in India’s strong financial development?

(a) Bala V

(b) Shishir Kumar Gupta

(d) Kalpesh H Wandra

(e) Gopal Krishna Kapoor

14) The Union Public Service Commission (UPSC) chairman Manoj Soni has resigned for “personal reasons.” When did he acquire the title “Honorary Mayor-President of the City of Baton Rouge” for his work in IT literacy for underserved communities?

(a) 2011

(b) 2012

(d) 2014

(e) 2016

15) As per July report, Justice N Kotiswar Singh, Chief Justice of the Jammu and Kashmir High Court, took the oath of office as the first judge from which state to be promoted to the Supreme Court?

(a) Mizoram

(b) Manipur

(d) Tripura

(e) Meghalaya

16) Paul Kagame, the president of Rwanda, won an unprecedented fourth term in office. Since the 1994 genocide ended, Kagame has served as the de facto leader and president since which year?

(a) 2000

(b) 2001

(d) 2005

(e) 2004

17) What percentage of Equinor’s stake would ONGC Videsh acquire in the offshore Azeri Chirag Gunashli (ACG) oil field in Azerbaijan?

(a) 0.612%

(b) 0.613%

(d) 0.615%

(e) 0.616%

18) What percentage of Target’s shares may be acquired by Dixon Technologies (India) Limited (Acquirer) with approval from the Competition Commission of India (CCI)?

(a) 52%

(b) 58%

(d) 55%

(e) 56%

19) The purchase of ordinary shares of Berhyanda Limited (Berhyanda) and Berhyanda MidCo Limited (Berhyanda MidCo) by Platinum Poppy C 2024 RSC Limited (Platinum Poppy) has been allowed by the Competition Commission of India (CCI). Which city’s global market is home to Platinum Poppy, a limited scope company?

(a) Abu Dhabi

(b) Masfut

(d) Dubai

(e) Kalba

20) Which version of the Vedanta Delhi Half Marathon is set to begin in October 2024, inviting runners from all over the world to the national capital?

(a) 18th

(b) 19th

(d) 17th

(e) 21st

21) Which star Indian cricketer has been named MotoGP’s brand ambassador in India?

(a) Sachin Tendulkar

(b) Shikhar Dhawan

(d) Hardik Pandya

(e) Shryas Iyer

22) The Indian sports ministry confirmed a final group of 117 participants for the Paris Olympics. Previously, at the Tokyo Olympics, India sent how many members and had the best performance?

(a) 116

(b) 119

(d) 118

(e) 123

23) Nguyen Phu Trong, the general secretary of Vietnam’s ruling Communist Party and the country’s most influential leader, died at the age of 80. He is the first party general secretary to die in office since Le Duan, who died in what year?

(a) 1987

(b) 1986

(d) 1988

(e) 1989

24) The Australian Olympic Committee stated that former high-ranking IOC member and Australian Olympian Kevan Gosper has died at the age of 90. He earned an Olympic silver medal as a member of Australia’s 4-x-400-meter track relay team at the Melbourne Games,in which year?

(a) 1952

(b) 1954

(d) 1958

(e) 1960

25) World Brain Day is observed annually on ________________ to promote the prevention, treatment, and rehabilitation of brain impairments worldwide.

(a) July 20

(b) July 21

(d) July 23

(e) July 19

Answers :

1) Answer: B

Short Explanation:

The Reserve Bank of India (RBI) has set up a committee to review the fee structure for white-label ATMs (WLAs).

The committee is headed by Indian Banks’ Association chief executive Sunil Mehta.

It includes representatives from the National Payments Corporation of India (NPCI), leading banks, ATM manufacturers, and other stakeholders.

Industry Growth: As per industry estimates, India’s ATM market is expected to grow at a CAGR of 9.2% from 2024 to 2032.

Current Operators : At present, there are 4 authorised non-bank entities operating white-label ATMs in the country.

Detailed Explanation:

The Reserve Bank of India (RBI) has set up a committee to review the fee structure for white-label ATMs (WLAs).

The committee is headed by Indian Banks’ Association chief executive Sunil Mehta.

It includes representatives from the National Payments Corporation of India (NPCI), leading banks, ATM manufacturers, and other stakeholders.

Industry Growth: As per industry estimates, India’s ATM market is expected to grow at a CAGR of 9.2% from 2024 to 2032.

Current Operators : At present, there are 4 authorised non-bank entities operating white-label ATMs in the country.

Previous Recommendations : Earlier, WLAOs had suggested a revision of interchange fee for financial transactions to up to ₹30 and for non-financial transactions to ₹10.

An RBI committee set up in 2019 to review the ATM interchange fee structure also recommended reviewing interchange and customer ATM usage charges at stipulated intervals by RBI.

2) Answer: B

Short Explanation:

The Securities and Exchange Board of India (SEBI) has authorised Credit Rating Agencies (CRAs) and Environmental, Social, and Governance (ESG) Rating Providers (ERPs) to operate under the International Financial Services Centres Authority (IFSCA).

ESG rating providers are regulated under the provisions of the CRA Regulations (as amended with effect from July 4, 2023) that, inter-alia, prescribe the guidelines for registration of ERPs, general obligations of ERPs, manner of inspection and code of conduct applicable to ERPs.

Detailed Explanation:

IFSCA has been added to the list of financial sector regulators to enable CRAs and ERPs to undertake rating and ESG rating activities, respectively, at IFSC-GIFT City, Gujarat.

ESG ratings undertaken by an ERP under the guidelines of IFSCA shall be under the purview of IFSCA.

Any issue arising from the activities of such Sebi-registered CRAs and ERPs in the IFSC will be dealt with by IFSCA.

3) Answer: C

Short Explanation:

The Reserve Bank of India (RBI) has levied a penalty of ₹1,90,000 (1.9 lakh) on Muthoot Finance Limited for non-compliance with the ‘Know Your Customer (KYC) Directions, 2016’.

Detailed Explanation:

The Reserve Bank of India (RBI) has levied a penalty of ₹1,90,000 (1.9 lakh) on Muthoot Finance Limited for non-compliance with the ‘Know Your Customer (KYC) Directions, 2016’.

Legal Basis:The penalty is imposed under:

Clause (b) of sub-section (1) of Section 58G.

Clause (aa) of sub-section (5) of Section 58B of the Reserve Bank of India Act, 1934.

4) Answer: C

Short Explanation:

The Securities and Exchange Board of India (SEBI) has proposed a new asset class aimed at bridging the gap between mutual funds and portfolio management services (PMS), targeting investors with investible funds ranging from Rs 10 lakh to Rs 50 lakh.

Alternative Eligibility Criteria:Mutual funds not meeting the primary criteria can still launch the new asset class if they:

Appoint a Chief Investment Officer (CIO) with at least 10 years of experience managing AUM of Rs 5,000 crore.

Have an additional fund manager with at least 7 years of experience managing AUM of Rs 3,000 crore.

Detailed Explanation:

Minimum Investment Requirement : The minimum investment for this new asset class is Rs 10 lakh per investor.

Investment Options:Investors can use Systematic Investment Plans (SIP), Systematic Withdrawal Plans (SWP), and Systematic Transfer Plans (STP) for investing in this new asset class.

Eligibility Criteria for Mutual Funds:Mutual funds must have a strong track record, having been operational for at least three years with an average Asset Under Management (AUM) of at least Rs 10,000 crore in the preceding 3 years.

No regulatory action against the sponsor or AMC in the last 3 years.

Alternative Eligibility Criteria:Mutual funds not meeting the primary criteria can still launch the new asset class if they:

Appoint a Chief Investment Officer (CIO) with at least 10 years of experience managing AUM of Rs 5,000 crore.

Have an additional fund manager with at least 7 years of experience managing AUM of Rs 3,000 crore.

5) Answer: C

Short Explanation:

India’s fintech industry is projected to grow at a cumulative annual growth rate (CAGR) of 31%, reaching approximately $420 billion by 2029.

As of 2024, the fintech industry in India is estimated to be worth about $110 billion.

India ranks 3rd globally in terms of the highest number of fintech entities.

Detailed Explanation:

India’s fintech industry is projected to grow at a cumulative annual growth rate (CAGR) of 31%, reaching approximately $420 billion by 2029.

As of 2024, the fintech industry in India is estimated to be worth about $110 billion.

The projection was informed by Ajay Kumar Choudhary, Non-Executive Chairman and Independent Director of NPCI, at the inaugural session of the 2nd India International Fintech Festival, organised by ASSOCHAM in the capital.

India ranks 3rd globally in terms of the highest number of fintech entities.

The fintech sector commands 14% of start-up funding in India.

The adoption rate of fintech in India is 87%, significantly higher than the global average of 67%.

6) Answer: B

Short Explanation:

Union Minister for Micro, Small and Medium Enterprises (MSME), Jitan Ram Manjhi, emphasised the Prime Minister’s vision of transforming India into a developed nation by 2047.

Yashaswini Campaign:

Launched by the MSME Ministry in Jaipur.

Meaning: ‘Yashaswini’ stands for successful, proud, and talented women.

Objective: Encourage and support women entrepreneurs.

Detailed Explanation:

Union Minister for Micro, Small and Medium Enterprises (MSME), Jitan Ram Manjhi, emphasised the Prime Minister’s vision of transforming India into a developed nation by 2047.

Yashaswini Campaign:

Launched by the MSME Ministry in Jaipur.

Meaning: ‘Yashaswini’ stands for successful, proud, and talented women.

Objective: Encourage and support women entrepreneurs.

Support for Women Entrepreneurs:

Loan Provision: Up to Rs 25 lakh for women with up to 80% disability, with no margin money required.

Contribution: Women’s significant role in the economy and potential to promote self-employment through MSMEs.

Training and Financial Support:

Union Minister of State for MSMEs, Shobha Karandlaje, highlighted training programs under the campaign.

Fields: Agriculture, food processing, and other areas.

Financial Linkages: Connecting women to financial institutions for setting up industries.

7) Answer: B

Short Explanation:

For the first time, India will host the 46th World Heritage Committee meeting, a UNESCO event, to examine proposals for new World Heritage sites and the conservation status of existing ones.

Committee Role:

Composition: Representatives from 21 member states.

Responsibilities:

Examine proposals of 28 sites for World Heritage inscription.

Review the state of conservation of 123 inscribed sites and those in danger.

Detailed Explanation:

For the first time, India will host the 46th World Heritage Committee meeting, a UNESCO event, to examine proposals for new World Heritage sites and the conservation status of existing ones.

Event Details:

Dates: July 21 to July 31, 2024.

Location: Bharat Mandapam, New Delhi.

Inauguration: By Prime Minister Narendra Modi and UNESCO Director-General Audrey Azoulay.

Committee Role:

Composition: Representatives from 21 member states.

Responsibilities:

Examine proposals of 28 sites for World Heritage inscription.

Review the state of conservation of 123 inscribed sites and those in danger.

Significance:

Minister referred to it as a “G20-level event.”

First-time hosting signifies India’s growing prominence in global heritage conservation.

Logo and Vision:

Logo: Features the Hampi stone chariot.

Tagline: “Sah Nau Yashah” (May our glory grow) from the Upanishads.

Represents the government’s vision for India’s cultural heritage.

8) Answer: A

Short Explanation:

Commerce and Industry Minister Piyush Goyal is set to participate in the BRICS trade ministers’ meeting in Moscow on July 26, focusing on enhancing trade relations and resolving export issues.Bilateral Trade Goal: $100 billion by 2030.

Detailed Explanation:

Commerce and Industry Minister Piyush Goyal is set to participate in the BRICS trade ministers’ meeting in Moscow on July 26, focusing on enhancing trade relations and resolving export issues.

India-Russia Trade Relations:

Diverse Indian exports to Russia: smartphones, shrimp, medicine, meat, tiles, coffee, airplane and helicopter parts, chemicals, computers, and fruits.

Major imports from Russia: oil and petroleum products, fertilizers, mineral resources, precious stones and metals, and vegetable oils.

Bilateral Trade Goal: $100 billion by 2030.

9) Answer: C

Short Explanation:

A 22-member committee has been established by the Centre to revise the base year for various price indices including consumer, wholesale, retail, and producer price indices.

The committee will suggest appropriate weighting methods for these indices.

The reconstituted Technical Advisory Committee on Statistics of Prices and Cost of Living is led by the director general of the Ministry of Statistics and Programme Implementation (MoSPI).

A 26-member Advisory Committee on National Accounts Statistics (ACNAS) was also established by MoSPI to decide the base year for GDP.

Detailed Explanation:

A 22-member committee has been established by the Centre to revise the base year for various price indices including consumer, wholesale, retail, and producer price indices.

The committee will suggest appropriate weighting methods for these indices.

Leadership and Terms of Reference

The reconstituted Technical Advisory Committee on Statistics of Prices and Cost of Living is led by the director general of the Ministry of Statistics and Programme Implementation (MoSPI).

The committee’s responsibilities include:

Improving and standardising the concepts and definitions used in price collection.

Compiling price indices.

Examining and improving schemes prepared by central and state governments for price index construction.

A 26-member Advisory Committee on National Accounts Statistics (ACNAS) was also established by MoSPI to decide the base year for GDP..

This committee is chaired by Biswanath Goldar and aims to align the GDP base year with other indices like the wholesale price index, consumer price index, and index of industrial production

10) Answer: B

Short Explanation:

Assam’s ‘Moidams,’ the mound burial system of the Ahom dynasty, will be considered for inclusion in the World Heritage Sites list at the 46th session of the World Heritage Committee.

This is the first nomination from the northeastern state in the cultural category.

Assam already boasts of two world heritage sites in the natural category – Kaziranga National Park and Manas National Park.

Detailed Explanation:

Assam’s ‘Moidams,’ the mound burial system of the Ahom dynasty, will be considered for inclusion in the World Heritage Sites list at the 46th session of the World Heritage Committee.

This is the first nomination from the northeastern state in the cultural category.

Assam already boasts of two world heritage sites in the natural category – Kaziranga National Park and Manas National Park.

India will host this session for the first time from July 21 to 31 at Bharat Mandapam in Delhi.

Currently, 1,199 properties from 168 countries are on UNESCO’s World Heritage list.

Moidams (also Maidams) are the mound-burial system of the Ahom dynasty (13th century-19th century).

Located in Assam’s Charaideo district, the mound-burial system is akin to the royal tombs of ancient China and the Pyramids of the Egyptian Pharaohs.

11) Answer: B

Short Explanation:

In the second quarter of 2024, India emerged as the second largest market for Netflix regarding new paid subscriber additions, according to the company’s shareholder letter.

Subscriber Growth:

India ranked second in global subscriber additions for Netflix.

Specific subscriber and revenue numbers for India were not disclosed.

Revenue Performance:

India was the third-largest country for Netflix in revenue per cent growth during the quarter.

The Asia-Pacific (APAC) region, including India, saw a revenue increase to $1.05 billion, up 14.5% from the previous year.

Detailed Explanation:

In the second quarter of 2024, India emerged as the second largest market for Netflix regarding new paid subscriber additions, according to the company’s shareholder letter.

Subscriber Growth:

India ranked second in global subscriber additions for Netflix.

Specific subscriber and revenue numbers for India were not disclosed.

Revenue Performance:

India was the third-largest country for Netflix in revenue per cent growth during the quarter.

The Asia-Pacific (APAC) region, including India, saw a revenue increase to $1.05 billion, up 14.5% from the previous year.

Successful Titles Driving Growth:

Original Series:Heeramandi: The Diamond Bazaar by Sanjay Leela Bhansali and Amar Singh Chamkila by Imtiaz Ali contributed significantly.

Licensed Films:Laapataa Ladies by Kiran Rao and Shaitaan starring Ajay Devgn and Madhavan also boosted growth.

Viewership Statistics:

Heeramandi became Netflix’s biggest Indian drama series ever with 15 million views and was renewed for a second season.

Amar Singh Chamkila garnered 8.3 million views.

Global and Regional Performance:

Netflix added 8.05 million global subscribers in Q2 2024, with 2.83 million from the APAC region.

Overall revenue for Netflix reached $9.56 billion, reflecting a 16.8% growth year-over-year.

12) Answer: B

Short Explanation:

President Droupadi Murmu awarded the Param Vishisht Seva Medal (PVSM) to Army Chief General Upendra Dwivedi and Navy Chief Admiral Dinesh Kumar Tripathi for their exemplary service to the nation.

94 distinguished service decorations were presented to armed forces and Indian Coast Guard personnel.

Detailed Explanation:

94 distinguished service decorations were presented to armed forces and Indian Coast Guard personnel.

Awards Conferred:

Param Vishisht Seva Medal (PVSM): 31 awards

Uttam Yudh Seva Medal (UYSM): 4 awards

Bar to Ati Vishisht Seva Medal (Bar to AVSM): 2 awards

Ati Vishisht Seva Medal (AVSM): 57 awards

Kirti Chakra Presentation:

In the first segment of the ceremony on July 5, 10 Kirti Chakras were awarded, including seven posthumous awards.

Kirti Chakra is India’s second-highest peacetime gallantry award.

Additional UYSM Recipients:

Lt Gen Viresh Pratap Singh Kaushik – Kumaon Regiment

Lt Gen Rashim Bali – Sikh Light Infantry

Lt Gen Manish Mohan Erry – Jammu & Kashmir Light Infantry

Lt Gen Harjeet Singh Sahi – Rajput Regiment

13) Answer: C

Short Explanation:

A memorandum of understanding (MoU) was signed between the Gandhinagar-based Rashtriya Raksha University (RRU) and the NSE International Exchange (NSE IX) to cooperate in the field of economic and financial security.

Ashish Kumar Chauhan noted that the NSE has been pivotal in India’s robust financial growth.

RRU is a pioneering national security and police university operating under the aegis of the Union Home Ministry.

Detailed Explanation:

Economic Stability and National Security:

Prof Kalpesh H Wandra emphasized the interconnectedness of economic stability and national security.

He highlighted the crucial role played by NSE IX in bridging this gap.

India’s Financial Growth:

Ashish Kumar Chauhan noted that the NSE has been pivotal in India’s robust financial growth.

RRU is a pioneering national security and police university operating under the aegis of the Union Home Ministry.

14) Answer: C

Short Explanation:

Union Public Service Commission (UPSC) chairman Manoj Soni has tendered his resignation due to “personal reasons.”

Soni, 59, joined the commission as a member on June 28, 2019, and became its chairman on May 16, 2023.

In 2013, received the “Honorary Mayor-President of the City of Baton Rouge” title for leadership in IT literacy for disadvantaged sections.

Detailed Explanation:

Union Public Service Commission (UPSC) chairman Manoj Soni has tendered his resignation due to “personal reasons.”

Soni, 59, joined the commission as a member on June 28, 2019, and became its chairman on May 16, 2023.

His term was originally set to end on May 15, 2029.

At the time of joining MSU, he was the youngest vice-chancellor in India.

In 2013, received the “Honorary Mayor-President of the City of Baton Rouge” title for leadership in IT literacy for disadvantaged sections.

In 2015, awarded the World Education Congress Global Award for Distance Learning Leadership by the Chartered Institute of Management Accountants, London.

15) Answer: B

Short Explanation:

Justice N Kotiswar Singh, Chief Justice of Jammu and Kashmir High Court, took oath of office and became the first judge from Manipur to be elevated to the Supreme Court.

Acting Chief Justice of Madras High Court R Mahadevan was also sworn in as a Supreme Court judge.

On July 11,2024 a five-member collegium headed by the Chief Justice had recommended the names of Singh and Mahadevan to the Centre for promotion to the Supreme Court.

Detailed Explanation:

Justice N Kotiswar Singh, Chief Justice of Jammu and Kashmir High Court, took oath of office and became the first judge from Manipur to be elevated to the Supreme Court.

Acting Chief Justice of Madras High Court R Mahadevan was also sworn in as a Supreme Court judge.

On July 11,2024 a five-member collegium headed by the Chief Justice had recommended the names of Singh and Mahadevan to the Centre for promotion to the Supreme Court.

With the swearing-in, the number of judges in the apex court, including the Chief Justice of India, has increased to 34.

With 34 judges, the Supreme Court will function until Justice Hima Kohli retires on September 1, 2024, followed by Chief Justice Chandrachud, who will retire on November 10, 2024.

16) Answer: A

Short Explanation:

Rwandan President Paul Kagame has secured a record fourth term in the election.

Kagame’s Tenure:Kagame has been the de facto leader since the end of the 1994 genocide and president since 2000.

He won the 2017 election with more than 98% of the vote.

Detailed Explanation:

Rwandan President Paul Kagame has secured a record fourth term in the election.

Chrysologue Karangwa, President of the Electoral Commission of Rwanda, declared Kagame the winner after he received 7,099,810 votes, equating to 99.15% of the total 9,071,157 votes cast.

This election marks Rwanda’s 4th since the 1994 genocide, with citizens voting for both the presidential and parliamentary seats.

The counting of parliamentary votes is still underway, with over 500 candidates competing for 80 seats in the Chamber of Deputies, the lower house of parliament.

Kagame’s Tenure:Kagame has been the de facto leader since the end of the 1994 genocide and president since 2000.

He won the 2017 election with more than 98% of the vote.

17) Answer: D

Short Explanation:

ONGC Videsh Limited, the overseas investment arm of state-owned Oil and Natural Gas Corporation (ONGC), has signed a Sale Purchase Agreement (SPA).

0.615% Participating Interest (PI) in the Offshore Azeri Chirag Gunashli (ACG) oil field in Azerbaijan from Equinor

Detailed Explanation:

ONGC Videsh Limited, the overseas investment arm of state-owned Oil and Natural Gas Corporation (ONGC), has signed a Sale Purchase Agreement (SPA) to acquire:

0.615% Participating Interest (PI) in the Offshore Azeri Chirag Gunashli (ACG) oil field in Azerbaijan from Equinor.

0.737% shares in the Baku-Tbilisi-Ceyhan (BTC) pipeline company through its wholly-owned subsidiary, ONGC BTC.

The total investment for these acquisitions is up to USD 60 million.

18) Answer: E

Short Explanation:

The Competition Commission of India (CCI) has approved the acquisition of up to 56% shareholding of Ismartu India Private Limited (Target) by Dixon Technologies (India) Limited (Acquirer).

Detailed Explanation:

Acquirer (Dixon Technologies):

Involved in providing Engineering and Manufacturing Services (EMS) through various subsidiaries and joint ventures in India.

Product lines include EMS for communication devices such as mobile phones, laptops, and tablets.

Also provides EMS for other products like lighting solutions, televisions, washing machines, security systems, wearables, and hearables.

Target (Ismartu India Private Limited):

Indian subsidiary of Ismartu Ind. Pte. Limited.

Engaged in providing EMS for the manufacturing of mobile phones, Printed Circuit Board Assembly, LCD Module displays, and other ancillary services related to mobile phones.

19) Answer: A

Short Explanation:

The Competition Commission of India (CCI) has approved the acquisition, inter alia, of ordinary shares of Berhyanda Limited (Berhyanda) and Berhyanda MidCo Limited (Berhyanda MidCo) by Platinum Poppy C 2024 RSC Limited (Platinum Poppy).

Platinum Poppy is a restricted scope company incorporated in the Abu Dhabi Global Market.

Detailed Explanation:

Platinum Poppy will gain an indirect non-voting economic interest in Suven Pharmaceuticals Limited (Suven) through this acquisition, as Berhyanda holds 50.1% of Suven’s shareholding.

Platinum Poppy is a restricted scope company incorporated in the Abu Dhabi Global Market.

It has been established solely for the purpose of investing into Berhyanda and Berhyanda MidCo.

Abu Dhabi Investment Authority (ADIA) is the ultimate beneficiary of Platinum Poppy.

Suven is a public listed company incorporated in India and is listed on BSE Limited and National Stock Exchange Limited.

Suven was incorporated in 2018.

20) Answer: B

Short Explanation:

The 19th edition of the Vedanta Delhi Half Marathon is scheduled to commence in October 2024, attracting participants from around the world to the national capital.

Competition and Prize Money:

Designated as a World Athletics Gold Label Race.

Prize money: USD 260,000.

Features competition between some of the fastest athletes and amateurs globally.

Detailed Explanation:

The 19th edition of the Vedanta Delhi Half Marathon is scheduled to commence in October 2024, attracting participants from around the world to the national capital.

Significance:

Known as the world’s most prestigious half marathon.

Celebrates the vibrant spirit of Delhi and its citizens.

Global Participation:

Runners from across the globe will participate.

Promotes unity and the transformative power of the event.

Competition and Prize Money:

Designated as a World Athletics Gold Label Race.

Prize money: USD 260,000.

Features competition between some of the fastest athletes and amateurs globally.

21) Answer: B

Detailed Explanation:

Star Indian cricketer Shikhar Dhawan has been announced as the brand ambassador for MotoGP in India, bringing his dynamic energy from the cricket field to the world of racing.

Campaign Launch:

Campaign Title: ‘Face Kar Race Kar.’

Announced By: EuroSport.

Campaign Focus:

Celebrates the relentless spirit of MotoGP.

Aims to inspire fans to overcome challenges with determination and resilience.

22) Answer: B

Short Explanation:

The Indian sports ministry has approved a final contingent of 117 athletes for the upcoming Paris Olympics.

In the Tokyo Olympics, India sent a 119-member contingent and achieved its best performance, winning seven medals including a historic gold in javelin throw by Neeraj Chopra.

Detailed Explanation:

The Indian sports ministry has approved a final contingent of 117 athletes for the upcoming Paris Olympics.

The contingent will be supported by 140 support staff and officials, with 72 receiving government funding.

Notable Absence

Shot putter Abha Khatua, who qualified via the world rankings quota, is missing from the final list.

Her omission came after World Athletics removed her from the Olympic participant list without an official explanation.

Previous Performance

In the Tokyo Olympics, India sent a 119-member contingent and achieved its best performance, winning seven medals including a historic gold in javelin throw by Neeraj Chopra.

23) Answer: B

Short Explanation:

Nguyen Phu Trong, general secretary of Vietnam’s ruling Communist Party and the country’s most powerful politician, passed away at the age of 80.

He is the first party general secretary to die in office since the death of Le Duan in 1986.

He joined the Communist Party of Vietnam in 1968.

Detailed Explanation:

Nguyen Phu Trong, general secretary of Vietnam’s ruling Communist Party and the country’s most powerful politician, passed away at the age of 80.

He is the first party general secretary to die in office since the death of Le Duan in 1986.

Nguyễn Phú Trọng was born in Đông Hội Commune, Đông Anh district of Hanoi in 1944.

He joined the Communist Party of Vietnam in 1968.

Between 2000 and 2006, he was the Party Secretary for Hanoi, effectively the city’s highest-ranking position.

He served as Chairman of the National Assembly from 2006 to 2011.

From 2018 to 2021 he also served concurrently as president of Vietnam.

24) Answer: C

Short Explanation:

The Australian Olympic Committee announced that former high-ranking IOC member and Australian Olympian Kevan Gosper has passed away at the age of 90.

Gosper born on 19 December 1933 in Newcastle, New South Wales, Australia.

He won an Olympic silver medal on Australia’s 4-x-400-meter track relay team at the 1956 Melbourne Games and also competed at the Rome Olympics in 1960 before becoming more well-known as one of the country’s and world’s top sports administrators.

Detailed Explanation:

The Australian Olympic Committee announced that former high-ranking IOC member and Australian Olympian Kevan Gosper has passed away at the age of 90.

Gosper born on 19 December 1933 in Newcastle, New South Wales, Australia.

His dedication was recognised with the IOC’s Olympic Order in 2013, the same year he became an IOC Honorary Member.

He was appointed an Officer of the Order of Australia (AO) in the 1986 Australia Day Honours for service to sport and sports administration, and was inducted into the Sport Australia Hall of Fame in 1989.

He received an Australian Sports Medal in 2000 for services to athletics and the Olympic movementand was similarly honoured by France, The Netherlands, Spain, Monaco and Senegal and the Solomon Islands.

25) Answer: C

Short Explanation:

Every year on July 22^nd, World Brain Day is celebrated by people worldwide to prevent brain disabilities and treat and rehabilitate them.

The theme of World Brain Day 2024 is “Brain Health and Prevention”.

World Brain Day 2024 was discovered by the World Federation of Neurology for the first time.

The World Federation of Neurology (WFN) was founded on July 22, 1957 in Belgium.

Detailed Explanation:

Every year on July 22^nd, World Brain Day is celebrated by people worldwide to prevent brain disabilities and treat and rehabilitate them.

The theme of World Brain Day 2024 is “Brain Health and Prevention”.

World Brain Day 2024 was discovered by the World Federation of Neurology for the first time.

The World Federation of Neurology (WFN) was founded on July 22, 1957 in Belgium.

The idea of observing the 22nd of July as “World Brain Day” originated from a proposal put forth by the Public Awareness and Advocacy Committee.

This World Brain Day proposal was presented during the World Congress of Neurology (WCN) Council of Delegates meeting on September 22, 2013, and it received a warm and enthusiastic response from the delegates.

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Daily Current Affairs Quiz – 21st & 22nd July 2024

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