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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2024 of 24th August 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 National Common Mobility Cards (NCMCs) and Fastags auto-replenishment have been integrated into the e-mandate framework by the Reserve Bank of India (RBI). What is the maximum amount of rupees that may be spent on a single e-mandate-based recurring transaction in the absence of Additional Factor Authentication (AFA)?

(a) Rs.1000

(b) Rs.2000

(d) Rs.4000

(e) Rs.5000

2) The PGIM India Multi Cap Fund, an open-ended equity program that invests in large-cap, mid-cap, and small-cap equities, has been launched, according to PGIM India Mutual Fund. What percentage of the fund’s total assets is allocated to large-cap, mid-cap, and small-cap stocks, on average?

(a) 20%

(b) 25%

(d) 15%

(e) 30%

3) In a bond offering with a five-year maturity length and a 7.75% coupon rate, LIC Housing Finance raised ₹1,050 crore. Through the bond offering, the corporation hopes to raise up to how much crore?

(a) Rs.1000crore

(b) Rs.2000crore

(d) Rs.4000crore

(e) Rs.5000crore

4) Which bank has been given permission by the Reserve Bank of India (RBI) to launch a fully owned subsidiary dedicated to mutual fund asset management?

(a) HDFC bank

(b) ICICI bank

(d) Axis bank

(e) CSB bank

5) An Amazon Reforestation-Linked Bond worth $225 million with principal protection has been released by the World Bank (International Bank for Reconstruction and Development, IBRD) in how many years?

(a) 5year

(b) 6year

(d) 8year

(e) 9year

6) The Udan (Ude Desh ka Aam Nagrik) program may be extended by the Central Government for an extra ten years. Which year was the Udan program launched?

(a) 2012

(b) 2014

(d) 2015

(e) 2018

7) The Vadhavan Port construction has received a commitment of over ₹21,000 crore from the state-owned Power Finance Corporation (PFC). Where is the Vadhavan Port situated?

(a) Madhya Pradesh

(b) Maharashtra

(d) Karnataka

(e) West Bengal

8) The FAME-III Scheme supports electric trucks, according to the PSA report. Which year is the goal of selling 100% zero-emission trucks?

(a) 2040

(b) 2050

(d) 2038

(e) 2029

9) According to the report, India is estimated to have a $8 billion space economy. What percentage of the world market for space does India want to gain?

(a) 5%

(b) 6%

(d) 8%

(e) 9%

10) On the nation’s 78th Independence Day, the North-Eastern Handicrafts and Handlooms Development Corporation (NEHHDC) under the Ministry of Development of North-Eastern Region (DoNER), Government of India, successfully obtained the prestigious Oeko-Tex certification for its Eri Silk, directly from which country?

(a) Germany

(b) Switzerland

(d) USA

(e) Singapore

11) The current 4-tier slab structure will remain in place, as agreed upon by the ministerial group on GST rate rationalization. When will the next meeting of the GST panel take place?

(a) September 9

(b) September 10

(d) September 8

(e) September 12

12) Who confirms the 2023–24 economic survey’s estimate of real GDP growth of 6.5%–7% for FY25?

(a) ADB

(b) Finance Ministry

(d) IndRa

(e) CSIR

13) Which nation’s delegation, headed by Senior Advisor to the President for International Climate Policy John Podesta, led by the Indian Power Ministry?

(a) Germany

(b) Switzerland

(d) US

(e) Singapore

14) In 2022, India and Africa’s bilateral trade surpassed $100 billion. By which year is the $200 billion target, as stated in Future Target, supposed to be achieved?

(a) 2028

(b) 2030

(d) 2035

(e) 2040

15) As per the report, the Jharkhand Mukhyamantri Maiyan Samman Yojna (JMMSY), widely anticipated, was introduced by Jharkhand Chief Minister Hemant Soren. As part of this program, qualified women between the ages of 21 and 50 would get ₹ 1,000 honorarium into their bank accounts by ________- of each month via DBT from the state government.

(a) 10th

(b) 12th

(d) 5th

(e) 1st

16) In honor of former DMK President M. Karunanidhi’s 100th birthday, Defence Minister Rajnath Singh unveils a Rs 100 coin and calls him a “Titan” of Indian politics. How much does the coin weigh?

(a) 15gms

(b) 20gms

(d) 30gms

(e) 35gms

17) Who has been named the new Director General of the Employees’ State Insurance Corporation (ESIC), which is housed inside the Indian government’s Ministry of Labor & Employment?

(a) Neelam Shammi Rao

(b) Ashok Kumar Singh

(d) Mukhmeet Singh

(e) Katikithala Srinivas

18) A number of postings and reorganizations at high bureaucratic posts in various departments and ministries were authorized by the Appointments Committee of the Cabinet (ACC). Out of the following pairs, which one is incorrect?

(a) Vivek Joshi- Department of Personnel and Training

(b) Manoj Govil- Department of Expenditure

(d) Nagaraju Maddirala- Department of Financial Services

(e) Deepti Umashankar- Department of Drinking Water and Sanitation

19) The next Permanent Representative of India to the UN in New York will be Parvathaneni Harish, a seasoned diplomat selected by the Ministry of External Affairs. Right now, he is representing India as an ambassador to which nation?

(a) Germany

(b) Switzerland

(d) Russia

(e) Singapore

20) The National Company Law Tribunal (NCLT) has given fintech giant Pine Labs preliminary clearance to combine its firms in which country and India?

(a) Germany

(b) Switzerland

(d) Russia

(e) Singapore

21) As per the report, the Mango Crest Investment Limited has been granted approval by the Competition Commission of India (CCI) to acquire an interest in Shriram Housing Finance Limited. Which nation does Mango Crest Investment Ltd. have its corporate domicile?

(a) Germany

(b) Switzerland

(d) Russia

(e) Singapore

22) According to the ECB’s official release, the Test match would come after a three-match ODI series between India and which country in July 2025?

(a) Australia

(b) Pakistan

(d) New Zealand

(e) England

23) Indra Nooyi’s departure and the search for a new chairman mark the beginning of the ICC’s leadership transition. In which year did Indra Nooyi, the former CEO of PepsiCo, become the first female independent director of the International Cricket Council?

(a) 2015

(b) 2016

(d) 2018

(e) 2019

24) Which day, honoring the first anniversary of the successful Chandrayaan-3 mission, is India’s first National Space Day?

(a) August 21

(b) August 20

(d) August 23

(e) August 24

25) What percentage of IndusInd International Holdings Limited (IIHL)’s shares in Invesco Asset Management (India) Private Limited and Invesco Trustee Private Limited have been authorized by the Competition Commission of India (CCI)?

(a) 50%

(b) 40%

(d) 70%

(e) 30%

Answers :

1) Answer: B

Short Explanation:

The Reserve Bank of India (RBI) has incorporated the auto replenishment of Fastags and national common mobility cards (NCMCs) into the e-mandate framework.

Transaction Limit without AFA: For e-mandate-based recurring transactions, the limit without Additional Factor Authentication (AFA) is Rs 2,000 per transaction.

Detailed Explanation:

The Reserve Bank of India (RBI) has incorporated the auto replenishment of Fastags and national common mobility cards (NCMCs) into the e-mandate framework.

Exemption from Pre-Debit Notification: Issuers of FASTags and NCMCs are exempt from the requirement to send a pre-debit notification 24 hours before a debit, due to the recurring nature and lack of fixed periodicity of auto-replenishment payments.

Effective Date: This circular from the RBI is effective from August 22, 2024.

E-Mandate Framework Requirements: Under the RBI’s e-mandate framework, issuers are typically required to send a pre-debit notification to customers at least 24 hours before a debit.

Transaction Limit without AFA: For e-mandate-based recurring transactions, the limit without Additional Factor Authentication (AFA) is Rs 2,000 per transaction.

2) Answer: B

Short Explanation:

PGIM India Mutual Fund has announced the launch of PGIM India Multi Cap Fund, an open-ended equity scheme investing across large-cap, mid-cap and small-cap stocks.

The fund is benchmarked against Nifty 500 Multicap 50:25:25 TRI.

Investment Strategy:Market Caps: The fund invests across large-cap, mid-cap, and small-cap stocks, with a minimum allocation of 25% each in these categories.

Detailed Explanation:

PGIM India Mutual Fund has announced the launch of PGIM India Multi Cap Fund, an open-ended equity scheme investing across large-cap, mid-cap and small-cap stocks.

The fund is benchmarked against Nifty 500 Multicap 50:25:25 TRI.

The New Fund Offer (NFO) opened for subscription on August 22, 2024, and will close on September 05, 2024.

Investment Strategy:Market Caps: The fund invests across large-cap, mid-cap, and small-cap stocks, with a minimum allocation of 25% each in these categories.

Other Investments:

Up to 25% in debt.

Up to 10% in Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs).

Up to 20% in foreign securities, including overseas ETFs.

Management: The equity portion of the scheme will be managed by Vivek Sharma, Anandha Padmanabhan Anjeneyan and Utsav Mehta while the debt portion will be managed by Puneet Pal.

The Multi Cap strategy entails a balanced approach towards investment, in both established and emerging fast-growing sectors across the mid and small-cap space.

3) Answer: C

Short Explanation:

LIC Housing Finance raised ₹1,050 crore through a bond issue with a 5-year maturity period at a coupon rate of 7.75%.

The company aimed to raise up to ₹3,000 crore through the bond issue.

Detailed Explanation:

LIC Housing Finance raised ₹1,050 crore through a bond issue with a 5-year maturity period at a coupon rate of 7.75%.

The company aimed to raise up to ₹3,000 crore through the bond issue.

The initial base size of the issue was ₹1,000 crore, with an additional greenshoe option of ₹2,000 crore.

This option allows the issuer to sell more bonds than originally planned if demand exceeds expectations, providing flexibility in the amount raised.

ICICI Bank and ICICI Securities Primary Dealership were the arrangers for the bond issue.

4) Answer: C

Short Explanation:

IndusInd Bank has received approval from the Reserve Bank of India (RBI) to establish a wholly owned subsidiary focused on asset management in the mutual fund sector.

IndusInd Bank’s shares closed 1.30% lower at ₹1,347.70 per share on the BSE on August 19, 2024.

Detailed Explanation:

IndusInd Bank has received approval from the Reserve Bank of India (RBI) to establish a wholly owned subsidiary focused on asset management in the mutual fund sector.

The RBI’s approval includes the provision for infusion of equity capital into the new subsidiary.

The approval letter from the RBI outlines additional conditions that IndusInd Bank must comply with while setting up the asset management entity.

The new subsidiary will be responsible for managing mutual fund assets, which will help IndusInd Bank expand its presence in the financial services sector and tap into the growing mutual fund market.

IndusInd Bank’s shares closed 1.30% lower at ₹1,347.70 per share on the BSE on August 19, 2024.

5) Answer: E

Short Explanation:

The World Bank (International Bank for Reconstruction and Development, IBRD) has issued a 9-year, $225 million principal-protected Amazon Reforestation-Linked Bond.

This is the first bond that links investors’ financial returns to carbon removal from the atmosphere, as opposed to previous bonds tied to the sale of carbon credits from avoided emissions.

Detailed Explanation:

The World Bank (International Bank for Reconstruction and Development, IBRD) has issued a 9-year, $225 million principal-protected Amazon Reforestation-Linked Bond.

This is the first bond that links investors’ financial returns to carbon removal from the atmosphere, as opposed to previous bonds tied to the sale of carbon credits from avoided emissions.

Through the transaction, approximately USD 36 million of capital is mobilized to support the reforestation activities of Mombak, a Brazilian-based company.

6) Answer: C

Short Explanation:

The Central Government is considering extending the Udan (Ude Desh ka Aam Nagrik) scheme for an additional 10 years.

The extension aims to build confidence among private sector players to operate more regional flights across India.

Launch Date: October 21, 2016

Detailed Explanation:

The Central Government is considering extending the Udan (Ude Desh ka Aam Nagrik) scheme for an additional 10 years.

The extension aims to build confidence among private sector players to operate more regional flights across India.

Launch Date: October 21, 2016

Support: Financial incentives provided through Viability Gap Funding (VGF) from the Centre, state governments, and airport operators to selected airlines.

The government aims to encourage private players by addressing the viability challenges on regional routes through VGF.

The ministry is working on a proposal for “RCS 2.0,” which would continue the scheme for another 10 years.

7) Answer: B

Short Explanation:

State-owned Power Finance Corporation (PFC) has committed approximately ₹21,000 crore for the development of the Vadhavan Port.

Vadhavan Port Project:

Location: Palghar district, Maharashtra, along India’s western coast.

Total Project Cost: ₹76,220 crore.

Detailed Explanation:

State-owned Power Finance Corporation (PFC) has committed approximately ₹21,000 crore for the development of the Vadhavan Port.

Vadhavan Port Project:

Location: Palghar district, Maharashtra, along India’s western coast.

Total Project Cost: ₹76,220 crore.

Significance: Set to be India’s largest container port once completed.

8) Answer: B

Short Explanation:

Title: Bharat Zero Emission Trucking (ZET) Policy Advisory

Author: Office of the Principal Scientific Adviser (PSA) to the Government of India

Objective: Transition India’s trucking sector to zero-emission vehicles.

Target: Achieve 100% zero-emission truck sales by 2050.

Detailed Explanation:

Title: Bharat Zero Emission Trucking (ZET) Policy Advisory

Author: Office of the Principal Scientific Adviser (PSA) to the Government of India

Objective: Transition India’s trucking sector to zero-emission vehicles.

Target: Achieve 100% zero-emission truck sales by 2050.

Current Initiatives:

Lead Agency: Ministry of Heavy Industries (MHI)

Focus: MHI is spearheading various initiatives for electric trucks, including exploring potential incentives for their adoption.

9) Answer: D

Short Explanation:

Current Status: India’s space economy is valued at $8 billion.

Future Ambition: Aim to reach $44 billion by 2033.

Target Market Share: India aspires to capture 8% of the global space market.

Detailed Explanation:

Current Status: India’s space economy is valued at $8 billion.

Future Ambition: Aim to reach $44 billion by 2033.

Target Market Share: India aspires to capture 8% of the global space market.

Export Goals: Projected export of $11 billion in space products.

Communications: Expected to contribute significantly to the growth.

Navigation: Anticipated to play a major role.

Earth Observation: Important for overall sector expansion.

Significance: Celebrated on August 23, marking the first anniversary of Chandrayaan III’s landing on the moon’s South Pole.

10) Answer: A

Short Explanation:

The North-Eastern Handicrafts and Handlooms Development Corporation (NEHHDC) under the Ministry of Development of North-Eastern Region (DoNER), Govt. of India, has successfully obtained the prestigious Oeko-Tex certification for its Eri Silk, directly from Germany on the Nation’s 78th Independence Day.

Unique Characteristics: Known as the world’s only vegan silk, produced without killing the moth inside the cocoon.

Regional Importance: Eri Silk is a GI product of Assam, emphasizing its authenticity and regional heritage.

Detailed Explanation:

Unique Characteristics: Known as the world’s only vegan silk, produced without killing the moth inside the cocoon.

Regional Importance: Eri Silk is a GI product of Assam, emphasizing its authenticity and regional heritage.

Expansion: The certification facilitates Eri Silk’s entry into the global export market, enhancing its international presence.

Sustainability Focus: Positions Eri Silk as a leading eco-friendly fabric, reflecting NEHHDC’s commitment to sustainable practices and regional craftsmanship.

Global Reach: Opens new opportunities for Eri Silk in the international textile industry.

11) Answer: A

Short Explanation:

The ministerial panel on GST rate rationalisation largely agreed to maintain the existing 4-tier slab structure.

Date: September 9

Detailed Explanation:

The ministerial panel on GST rate rationalisation largely agreed to maintain the existing 4-tier slab structure.

Issue: States raised concerns about GST rates on health and life insurance.

Next Steps: The matter has been referred to the fitment committee, which includes central and state tax officers, for detailed data analysis.

Date: September 9

Agenda: The GST Council, chaired by Union Finance Minister Nirmala Sitharaman, will review the suggestions made by the Group of Ministers (GoM) on rate rationalisation.

12) Answer: B

Short Explanation:

The finance ministry reaffirms the projection of real GDP growth at 6.5%-7% for FY25, as outlined in the 2023-24 economic survey.

Detailed Explanation:

The finance ministry reaffirms the projection of real GDP growth at 6.5%-7% for FY25, as outlined in the 2023-24 economic survey.

Manufacturing and Services: The robust performance of the manufacturing and services sectors is reflected in strong Purchasing Managers’ Indices (PMIs).

Drivers of Growth:

Manufacturing Sector: Expansion in demand conditions, an increase in new export orders, and growth in output prices are key drivers.

Food Inflation: There is optimism that food inflation may ease as monsoons replenish water levels in reservoirs, potentially stabilizing prices.

13) Answer: D

Short Explanation:

The Indian Power Ministry engaged with a US delegation led by John Podesta, Senior Advisor to the President for International Climate Policy.

Detailed Explanation:

The Indian Power Ministry engaged with a US delegation led by John Podesta, Senior Advisor to the President for International Climate Policy.

Transmission Systems: Upgrading infrastructure for improved efficiency.

Transformers: Enhancing manufacturing capacity for large transformers.

Energy Storage: Partnership on long-duration energy storage studies and grid-scale battery solutions.

Manufacturing Projects: Stimulating projects and policies to boost capacity for high-efficiency air conditioning systems and fans.

State-to-State Partnerships: Collaborating on long-duration energy storage studies.

Both India and the US reiterated their commitment to deepening cooperation in critical areas to drive the global clean energy transition.

14) Answer: B

Short Explanation:

Bilateral trade between India and Africa reached $100 billion in 2022.

Future Target: The aim is to double this figure to $200 billion by 2030

Detailed Explanation:

Bilateral trade between India and Africa reached $100 billion in 2022.

Future Target: The aim is to double this figure to $200 billion by 2030.

Identified Sectors: The African Continental Free Trade Area (AfCFTA) has highlighted four sectors for potential growth:

Automobiles

Agriculture and Agro-Processing

Pharmaceuticals

Transportation and Logistics

Capacity Building: Implementing tailored capacity-building programs in Africa.

Import Basket: There is substantial scope to broaden the range of imports from Africa.

WTO Cooperation: Both India and Africa need to collaborate effectively in the World Trade Organization (WTO) to support trade and economic goals.

15) Answer: C

Short Explanation:

Jharkhand Chief Minister Hemant Soren launched the much-hyped Jharkhand Mukhyamantri Maiyan Samman Yojna (JMMSY).

Under this scheme, the state government will send ₹ 1,000 honorarium to the bank accounts of eligible women between the ages of 21 and 50 by the 15th of every month through DBT.

Detailed Explanation:

Jharkhand Chief Minister Hemant Soren launched the much-hyped Jharkhand Mukhyamantri Maiyan Samman Yojna (JMMSY).

Mr. Soren transferred the amount to 81, 000, women with Rakshabandhan around the corner.

Under this scheme, the state government will send ₹ 1,000 honorarium to the bank accounts of eligible women between the ages of 21 and 50 by the 15th of every month through DBT.

A total of ₹ 12,000 will be sent to the bank accounts of all eligible women every year.

The state government has decided to waive off agriculture loans up to 2 lakhs instead of just ₹ 50,000.

16) Answer: E

Short Explanation:

Defence Minister Rajnath Singh released a Rs 100 commemorative coin to mark the birth centenary of late DMK president and former Tamil Nadu Chief Minister M. Karunanidhi. Singh praised Karunanidhi as a “titan” of Indian politics.

Coin Specifications:

Weight: 35 grams.

Diameter: 44 millimetres.

Edge: 200 serrations.

Detailed Explanation:

Coin Specifications:

Weight: 35 grams.

Diameter: 44 millimetres.

Edge: 200 serrations.

Composition: Made of an alloy with 50% silver, 40% copper, 5% nickel, and 5% zinc.

Design Features:The reverse side of the coin features a portrait of M. Karunanidhi with his signature below.

The inscription “The Birth Centenary of Kalaignar M Karunanidhi” is in English on the right periphery of the coin.

The years “1924-2024” are written at the bottom.

Typically, these coins are produced in limited quantities and are considered collectors’ items by the Reserve Bank of India (RBI).

The final decision to issue commemorative coins is made by the Union Finance Ministry.

Historical Context: India’s first commemorative coin was issued in 1964 after the death of Prime Minister Jawaharlal Nehru.

17) Answer: B

Short Explanation:

Ashok Kumar Singh has been appointed as the Director General of the Employees’ State Insurance Corporation (ESIC), which operates under the Ministry of Labour & Employment, Government of India.

Earlier, he has worked as a Principal Secretary, Water Resources Department, Govt. of Kerala.

Detailed Explanation:

Ashok Kumar Singh is an Indian Administrative Service (IAS) officer from the 1999 batch, belonging to the Kerala cadre.

Earlier, he has worked as a Principal Secretary, Water Resources Department, Govt. of Kerala.

He has got vast experience of governance and management of District and State level organisations.

At the centre level, he has served as the Executive Director of the National Mission for Clean Ganga, as Joint Secretary in the Ministry of Defence and as Director in the Ministry of Finance in the Govt. of India.

18) Answer: E

Short Explanation:

Department of Personnel and Training: Vivek Joshi

Department of Expenditure: Manoj Govil

Corporate Affairs: Deepti Gaur Mukherjee

Department of Financial Services: Nagaraju Maddirala

President’s Secretariat: Deepti Umashankar

Detailed Explanation:

Department of Personnel and Training: Vivek Joshi

Department of Defence: Rajesh Kumar Singh

Ministry of Housing and Urban Affairs: Katikithala Srinivas

Department of Expenditure: Manoj Govil

Cabinet Secretariat (Coordination): Vandana Gurnani

Ministry of Minority Affairs:Chandra Sekhar Kumar

Department of Health and Family Welfare: Punya Salila Srivastava

Corporate Affairs: Deepti Gaur Mukherjee

President’s Secretariat: Deepti Umashankar

National Authority Chemical Weapons Convention: Sukriti Likhi

Department of Defence Production: Sanjeev Kumar

Department for Promotion of Industry and Internal Trade: Amardeep Singh Bhatia

Ministry of New and Renewable Energy: Prashant Kumar Singh

Department ofDrinking Water and Sanitation: Ashok Kumar Kaluram Meena

Department of Financial Services: Nagaraju Maddirala

Atomic Energy Commission: Pankaj Kumar Mishra National Commission for Backward Classes: A. Neeraja

19) Answer: A

Short Explanation:

The Ministry of External Affairs appointed seasoned diplomat Parvathaneni Harish as India’s next Permanent Representative to the United Nations in New York.

The position of India’s ambassador or permanent representative to the UN has been lying vacant after Ruchira Kamboj retired in June.

Harish, a 1990-batch Indian Foreign Service officer, is presently serving as India’s ambassador to Germany.

Detailed Explanation:

The Ministry of External Affairs appointed seasoned diplomat Parvathaneni Harish as India’s next Permanent Representative to the United Nations in New York.

The position of India’s ambassador or permanent representative to the UN has been lying vacant after Ruchira Kamboj retired in June.

Harish, a 1990-batch Indian Foreign Service officer, is presently serving as India’s ambassador to Germany.

Additional Secretary (Economic Relations) in the Ministry of External Affairs, overseeing economic diplomacy and relations with other countries.

Led the multilateral economic relations division and served as Deputy Sherpa for G20, G7, BRICS, and IBSA.

Served in Indian missions in Egypt and Saudi Arabia, and as India’s representative to the Palestinian Authority stationed in Gaza.

Worked with the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) as Chief of the Policy Analysis Unit in Gaza.

20) Answer: E

Short Explanation:

Fintech major Pine Labs has received an initial approval from the National Company Law Tribunal (NCLT) to merge its entities in India and Singapore.

The company will file a second motion with the NCLT for final approval after the initial motion has been approved.

Detailed Explanation:

Fintech major Pine Labs has received an initial approval from the National Company Law Tribunal (NCLT) to merge its entities in India and Singapore.

The company will file a second motion with the NCLT for final approval after the initial motion has been approved.

The development comes as the Singapore-based digital payments company is shifting its domicile back to India.

The cost of the reverse flipping could not be acsertained.

The merger is expected to lead to a reduction in overhead expenses such as administrative and statutory compliances.

The company had previously received approval from a Singapore Court to relocate its base to India.

Pine Labs is potentially planning an initial public offering (IPO) worth $1 billion, which would be the largest IPO by an Indian fintech firm since Paytm’s 2021 listing.

21) Answer: C

The Competition Commission of India (CCI) has approved the acquisition of shareholding in Shriram Housing Finance Limited by Mango Crest Investment Limited.

Mango Crest Investment Ltd. is a company incorporated in the Republic of Mauritius.

The principal business activity of the Acquirer is undertaking investment holding activities.

Shriram Housing Finance Limited is a housing finance company registered with the National Housing Bank.

22) Answer: E

Short Explanation:

The England and Wales Cricket Board (ECB) announced that Lord’s, often called the ‘home of cricket,’ will host its first-ever women’s Test match in 2026.

Schedule: The Test match is scheduled to follow a three-match ODI series between India and England in July 2025, as per the ECB’s official announcement.

Detailed Explanation:

The England and Wales Cricket Board (ECB) announced that Lord’s, often called the ‘home of cricket,’ will host its first-ever women’s Test match in 2026.

Schedule: The Test match is scheduled to follow a three-match ODI series between India and England in July 2025, as per the ECB’s official announcement.

Venue History: While Lord’s has hosted England Women’s limited-overs games over the past three seasons, this will be the venue’s inaugural Test match for women.

Match Duration: It remains to be decided whether the Test will be played over four or five days

23) Answer: D

Short Explanation:

The International Cricket Council (ICC) is undergoing a significant leadership transition following the completion of Indra Nooyi’s six-year term as the first female independent director and the upcoming election for a new chairman.

Indra Nooyi, former CEO of PepsiCo, made history in 2018 as the first female independent director of the ICC, marking a pivotal moment for the organization in promoting diversity and inclusion at the leadership level.

Detailed Explanation:

Role of Independent Director: The ICC statute mandates the inclusion of a female independent director to ensure representation and promote gender equality within the sport.

Global Impact: The outcomes of these leadership changes will be closely observed, as they will significantly influence the future direction and governance of cricket on a global scale.

24) Answer: D

Short Explanation:

August 23, 2024

Marks the first National Space Day in India, commemorating the first anniversary of the successful Chandrayaan-3 mission.

Theme: “Touching Lives while Touching the Moon”

Detailed Explanation:

August 23, 2024

Marks the first National Space Day in India, commemorating the first anniversary of the successful Chandrayaan-3 mission.

Theme: “Touching Lives while Touching the Moon”

Chandrayaan-1: Launched in October 2008, India’s first lunar mission discovered water molecules on the Moon, laying the groundwork for future missions.

Chandrayaan-2: Launched in July 2019, this mission faced challenges with the Vikram lander’s landing but continues to provide valuable lunar data via its orbiter.

Chandrayaan-3:

Achieve a controlled soft landing near the Moon’s south pole.

Deploy the Pragyan rover for lunar exploration.

Continue scientific studies on lunar surface composition, seismic activity, the lunar exosphere, and water presence.

Events: Over 1,000 nationwide events organized to celebrate National Space Day.

Notable Activities: Bharatiya Antariksh Hackathon, ISRO Robotics Challenge, and educational events at institutions like the Jawaharlal Nehru Planetarium in Bengaluru.

25) Answer: C

Short Explanation:

The Competition Commission of India (CCI) approved the acquisition of a 60% shareholding in Invesco Asset Management (India) Private Limited and Invesco Trustee Private Limited by IndusInd International Holdings Limited (IIHL).

Invesco Asset Management (India) Private Limited (Invesco AMC): Asset management company for Invesco Mutual Fund, registered under SEBI (Mutual Funds) Regulations, 1996.

Detailed Explanation:

Invesco Asset Management (India) Private Limited (Invesco AMC): Asset management company for Invesco Mutual Fund, registered under SEBI (Mutual Funds) Regulations, 1996.

Invesco Trustee Private Limited (Invesco Trustee): Trustee company for Invesco Mutual Fund.

Structure of Acquisition: IIHL will make the acquisition through its wholly owned subsidiary, IIHL AMC Holdings Limited, specifically incorporated for this purpose.

Regulatory Compliance: Both Invesco AMC and Invesco Trustee are approved by SEBI, with Invesco AMC also registered as a portfolio manager under SEBI (Portfolio Managers) Regulations, 2020.

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Daily Current Affairs Quiz – 24th August 2024

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