Daily Current Affairs Quiz – 27th July 2024

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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2024 of 27th 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) Which Fintech software has introduced a single money management dashboard that was built on the Account Aggregator Framework?

(a) CRED

(b) Policy Bazzar

(d) Revoult

(e) Coinbase

2) Which bank will provide guidelines on stress testing and scenario analysis for financial risk related to climate change?

(a) RBI

(b) SIDBI

(d) NABARD

(e) SBI

3) Which Small Finance Bank’s (SFB) Board of Directors gave its approval to a proposal to apply to the Reserve Bank of India (RBI) for the bank’s conversion from an SFB to a universal bank?

(a) Ujjiwan SFB

(b) Utkarsh SFB

(d) Jana SFB

(e) Capital SFB

4) How much money was authorized by the Asian Development Bank (ADB) for a loan to extend Nagpur’s metro rail routes and enhance transportation connectivity?

(a) $100million

(b) $200million

(d) $250million

(e) $300million

5) In which state did the Reserve Bank of India (RBI) revoke the license of Uravakonda Co-operative Town Bank Limited?

(a) Arunachal Pradesh

(b) Andhra Pradesh

(d) Odisha

(e) Madhya Pradesh

6) With respect to microfinance institutions (MFIs), Sa-Dhan, a self-regulatory organization (SRO) approved by the Reserve Bank of India (RBI), has instituted more stringent regulations for its more than 220 members. For households having exposure to more than how many lakhs of MFIs, the new regulations forbid making new loan extensions?

(a) Rs.1lakh

(b) Rs.2lakh

(d) Rs.4lakh

(e) Rs.5lakh

7) In the fiscal year that ends in March 2025, the Ministry of New & Renewable Energy (MNRE) intends to generate more than ₹13,500 crore through green bonds for renewable energy projects.What percentage of the ₹13,526.35 crore budget projection for FY25 is higher than the ₹7,507.46 crore forecast for FY24?

(a) 70%

(b) 60%

(d) 80%

(e) 90%

8) Which Hall was originally called the Throne Room, located under the Vice Regal Lodge’s central dome?

(a) Ashok hall

(b) Durbar hall

(d) Grandeur hall

(e) Star hall

9) With a length of 4.1 km and an elevation of ____________ feet, Prime Minister Narendra Modi will fire the first explosion for the Shinku La tunnel, which will exceed China’s Mila tunnel in terms of height.

(a) 16800 feet

(b) 14800 feet

(d) 18800 feet

(e) 17800 feet

10) The qualifying loan amount under the Model Skill Loan plan for high-end skilling courses has been enhanced from ₹1.5 lakh to how many lakhs by the Union Budget?

(a) Rs.7.5lakh

(b) Rs.5.5lakh

(d) Rs.4.5lakh

(e) Rs.8.5lakh

11) To commemorate the 25th anniversary of Kargil Vijay Diwas, Prime Minister Shri Narendra Modi was at Kargil. On what day was Kargil Vijay Diwas observed?

(a) July 25

(b) July 26

(d) July 28

(e) July 29

12) Once 4G services are launched, BSNL hopes to have a 25% market share of subscribers by the end of 2025. With 86.3 million mobile customers, what percentage of the market is it now?

(a) 7.2%

(b) 7.3%

(d) 7.5%

(e) 7.6%

13) Parle remains the most preferred in-home brand, as per the Brand Footprint Report by Kantar. Which of the following brands does not rank in the top five?

(a) Britannia

(b) Amul

(d) Tata Consumer Products

(e) Brooke Bond

14) Which nation in East Africa is the target market for KisanKraft Limited, an agricultural equipment manufacturer located in Bengaluru?

(a) Tanzania

(b) Krygystan

(d) Iraq

(e) Hong Kong

15) A detachment of the Indian Army left for the Multinational Military Exercise KHAAN QUEST. In which nation will the drill take place between July 27 and August 9, 2024?

(a) Maldives

(b) Mongolia

(d) Australia

(e) Denmark

16) Goa Shipyard Limited (GSL) introduced Triput, the nation’s first-built P1135.6 frigate. Which nation provided the Teg and Talwar class ships with their successors, the Triput class ships?

(a) China

(b) Russia

(d) Bangladesh

(e) France

17) Nita Ambani, the founder of the Reliance Foundation, was unanimously re-elected as a member of the International Olympic Committee (IOC) at the 142nd IOC session in Paris, ahead of the 2024 Olympic Games. Nita Ambani was selected to the IOC for the first time at the Rio Olympics in which year?

(a) 2014

(b) 2015

(d) 2017

(e) 2013

18) Bibhuti Bhusan Nayak has been chosen as ____________ President of the Institute of Cost Accountants of India (ICMAI) for the fiscal year 2024-2025.

(a) 65th

(b) 67th

(d) 69th

(e) 66th

19) QT Private Capital Asia, formerly known as Baring Private Equity Asia, departed which bank after selling its whole 7.89% share in the private sector lender for Rs 1,091 crore in an open market transaction?

(a) DBS bank

(b) RBL bank

(d) HDFC bank

(e) Federal bank

20) The Institute of Cost Accountants of India (ICMAI) reports to the Union Ministry of Corporate Affairs. In which year was ICMAI founded as a statutory entity under the Cost and Works Accountants Act?

(a) 1958

(b) 1957

(d) 1960

(e) 1962

Answers :

1) Answer: A

Short Explanation:

Fintech app CRED has launched a unified money management dashboard called CRED Money.

Platform Purpose: The platform aggregates all customer financial data, including payments, on a single platform.

Similar apps providing unified platforms for multiple bank accounts and transactions include ICICI Bank, Axis Bank, and Fi Money.

Detailed Explanation:

Fintech app CRED has launched a unified money management dashboard called CRED Money.

Platform Purpose: The platform aggregates all customer financial data, including payments, on a single platform.

Similar apps providing unified platforms for multiple bank accounts and transactions include ICICI Bank, Axis Bank, and Fi Money.

Account Aggregator Framework:CRED Money is built on the Account Aggregator (AA) framework.

This framework allows secure and encrypted sharing of bank account information between authorized organizations.

It is part of India’s digital public infrastructure, empowering citizens to control their own data.

Account Aggregators (AAs) act as intermediaries by collecting data from Financial Information Providers (FIPs) and sharing it with Financial Information Users (FIUs) such as lending banks and agencies.

CRED is classified as a Financial Information User (FIU).

2) Answer: A

Short Explanation:

The Reserve Bank of India (RBI) is planning to release guidance notes on scenario analysis, stress testing, and effective management of climate-related financial risks.

These notes will be based on the Basel Committee on Banking Supervision (BCBS) principles.

Funding Requirements for EMDEs:Significant funding gaps exist, with financing requirements estimated at 2.5% of GDP annually for India and $2 trillion per year by 2030 for EMDEs.

Detailed Explanation:

The Reserve Bank of India (RBI) is planning to release guidance notes on scenario analysis, stress testing, and effective management of climate-related financial risks.

These notes will be based on the Basel Committee on Banking Supervision (BCBS) principles.

Climate Finance for EMDEs:It is crucial to channel climate finance to Emerging Market and Developing Economies (EMDEs).

Adaptation and Transition Strategies:Adaptation and transition are key strategies in managing climate risk.

Funding Requirements for EMDEs:Significant funding gaps exist, with financing requirements estimated at 2.5% of GDP annually for India and $2 trillion per year by 2030 for EMDEs.

3) Answer: C

Short Explanation:

The Board of Directors of AU Small Finance Bank(SFB) approved a proposal to apply to the Reserve Bank of India (RBI) for transitioning from a Small Finance Bank (SFB) to a universal bank.

RBI Guidelines:The decision follows RBI guidelines for ‘on tap’ licensing of universal banks in the private sector dated August 01, 2016.

It also follows the RBI circular on voluntary transition of SFBs to universal banks dated April 26, 2024.

Detailed Explanation:

The Board of Directors of AU Small Finance Bank(SFB) approved a proposal to apply to the Reserve Bank of India (RBI) for transitioning from a Small Finance Bank (SFB) to a universal bank.

RBI Guidelines:The decision follows RBI guidelines for ‘on tap’ licensing of universal banks in the private sector dated August 01, 2016.

It also follows the RBI circular on voluntary transition of SFBs to universal banks dated April 26, 2024.

Committee of Directors:A Committee of Directors has been constituted to vet the bank’s application for submission to the RBI.

RBI issued guidelines for licensing of SFBs in the private sector in November 2014.

An SFB aiming to become a universal bank must meet the following criteria:

Minimum net worth of Rs 1,000 crore at the end of the previous quarter (audited).

Shares should be listed on a recognized stock exchange.

Net profit in the last two financial years.

Gross NPA (Non-Performing Assets) ≤ 3% and Net NPA ≤ 1% in the last two financial years.

4) Answer: B

Short Explanation:

The Asian Development Bank (ADB) approved a $200 million loan to expand metro rail corridors and improve transport connectivity in Nagpur, India.

The Nagpur Metro Urban Mobility Project aims to enhance transport connectivity within and to Nagpur’s new and growing urban areas.

Infrastructure Development : The project will construct 43.8 kilometres of elevated metro rail corridors with 32 stations.

Detailed Explanation:

The Asian Development Bank (ADB) approved a $200 million loan to expand metro rail corridors and improve transport connectivity in Nagpur, India.

The Nagpur Metro Urban Mobility Project aims to enhance transport connectivity within and to Nagpur’s new and growing urban areas.

Metro Rail Corridor Extensions:The project will finance the extension of four metro rail corridors:

Automotive Square to Kanhan

Prajapati Nagar to Transport Nagar

Khapri to Maharashtra Industrial Development Corporation ESR

Lokmanya Nagar to Hingna

Infrastructure Development : The project will construct 43.8 kilometres of elevated metro rail corridors with 32 stations.

The metro stations will be equipped with modern safety and security technology, and designed to meet the needs of women, students, and people with disabilities.

5) Answer: B

Short Explanation:

The Reserve Bank of India (RBI) cancelled the licence of Uravakonda Co-operative Town Bank Limited., located in Uravakonda, Anantapur District, Andhra Pradesh (AP).

Non-compliance with the provisions of: Section 11(1) and Section 22(3)(d) read with Section 56 of the Banking Regulation Act, 1949.

Detailed Explanation:

The Reserve Bank of India (RBI) cancelled the licence of Uravakonda Co-operative Town Bank Limited., located in Uravakonda, Anantapur District, Andhra Pradesh (AP).

Non-compliance with the provisions of: Section 11(1) and Section 22(3)(d) read with Section 56 of the Banking Regulation Act, 1949.

Follow-up Actions: The Commissioner for Cooperation and Registrar of Cooperative Societies, Andhra Pradesh, is requested to:

Issue an order for winding up the bank.

Appoint a liquidator for the bank.

Depositor Protections:Upon liquidation, each depositor is entitled to receive a deposit insurance claim amount of up to ₹5,00,000 from the Deposit Insurance and Credit Guarantee Corporation (DICGC), subject to the provisions of the DICGC Act, 1961.

6) Answer: B

Short Explanation:

Sa-Dhan, a self-regulatory organisation (SRO) recognised by the Reserve Bank of India (RBI) for microfinance institutions (MFIs), has introduced stricter guidelines for its over 220 members.

The new rules prohibit extending new loans to households with MFI exposure exceeding Rs 2 lakhs.

Loan Restrictions:

No additional loans for households with MFI exposure exceeding Rs 2 lakh.

Mandatory comprehensive credit bureau checks at the household level for approving small-ticket loans

Detailed Explanation:

The new rules prohibit extending new loans to households with MFI exposure exceeding Rs 2 lakhs.

Loan Restrictions:

No additional loans for households with MFI exposure exceeding Rs 2 lakh.

Mandatory comprehensive credit bureau checks at the household level for approving small-ticket loans.

Over-Leveraging Prevention:

No loans to borrowers with accounts recognized as non-performing assets (NPA) for any loan amount over Rs 3,000.

Regulatory Compliance:

Guidelines align with the RBI-prescribed 50% FOIR (fixed obligation to income ratio).

Sa-Dhan’s guidelines follow a meeting with managing directors and CEOs of member institutions, including Jana Small Finance Bank, ESAF SFB, Equitas SFB, Muthoot Microfin, and Swantantra MFI.

7) Answer: D

Short Explanation:

The Ministry of New & Renewable Energy (MNRE) plans to raise over ₹13,500 crore through green bonds for renewable energy projects in the financial year ending March 2025.

The budget estimate for FY25 is ₹13,526.35 crore, an 80% increase from FY24’s estimate of ₹7,507.46 crore.

The revised estimate for the last fiscal year was ₹6,116.30 crore.

Detailed Explanation:

The Ministry of New & Renewable Energy (MNRE) plans to raise over ₹13,500 crore through green bonds for renewable energy projects in the financial year ending March 2025.

The budget estimate for FY25 is ₹13,526.35 crore, an 80% increase from FY24’s estimate of ₹7,507.46 crore.

The revised estimate for the last fiscal year was ₹6,116.30 crore.

₹10,000 crore for solar energy.

₹1,996 crore for PM KUSUM (rural solar scheme).

₹930 crore for wind energy.

₹600 crore for the national green hydrogen mission.

In FY23, the government raised ₹16,000 crore through SGrB (Sovereign Green Bonds), with total expenditure on eligible schemes reaching ₹16,923 crore.

For FY24, the government plans to raise ₹20,000 crore through SGrB, with any additional expenditure to be covered by general revenues.

Various ministries and departments have proposed to raise a total of ₹32,060.86 crore via SGrBs for FY25.

Railways: Plans to raise ₹15,000 crore, with ₹12,000 crore allocated for the production of energy-efficient three-phase electric locos.

Ministry of Housing and Urban Affairs (MoHUA): Plans to raise ₹3,364.51 crore for equity investments in metro projects.

Ministry of Environment, Forests and Climate Change (MoEFCC): Plans to raise ₹170 crore for the National Mission for a Green India.

8) Answer: B

Short Explanation:

Rashtrapati Bhavan’s grandDurbar Hall and Ashok Hall, traditionally used for ceremonies and celebrations, have been renamed Ganatantra Mandap and Ashok Mandap, respectively.

Durbar Hall, under the central dome of the erstwhile Vice Regal Lodge, was initially known as the Throne Room.

Detailed Explanation:

Rashtrapati Bhavan’s grandDurbar Hall and Ashok Hall, traditionally used for ceremonies and celebrations, have been renamed Ganatantra Mandap and Ashok Mandap, respectively.

This renaming is part of ongoing efforts to reflect Indian culture and ethos.

Durbar Hall has been renamed Ganatantra Mandap.

Ashok Hall has been renamed Ashok Mandap.

Durbar Hall, under the central dome of the erstwhile Vice Regal Lodge, was initially known as the Throne Room.

It hosted the swearing-in ceremony of C Rajagopalachari as the Governor-General of India in 1948 and is used for civil and defense investiture ceremonies.

Heads of foreign missions present their credentials at the now Ashok Mandap.

In 2023, the Mughal Gardens at Rashtrapati Bhavan were renamed Amrit Udyan, continuing the trend of renaming to reflect Indian heritage.

9) Answer: C

Short Explanation:

Prime Minister Narendra Modi will initiate the first blast for the Shinku La tunnel.

The tunnel will provide all-weather connectivity from Manali to Leh.

The tunnel will be 4.1 km long and situated at an elevation of 15,800 feet, making it the world’s highest, surpassing China’s Mila tunnel.

Detailed Explanation:

Prime Minister Narendra Modi will initiate the first blast for the Shinku La tunnel.

The tunnel will provide all-weather connectivity from Manali to Leh.

The tunnel will be 4.1 km long and situated at an elevation of 15,800 feet, making it the world’s highest, surpassing China’s Mila tunnel.

The Shinku La tunnel is crucial for military mobility and logistics.

It will offer a third route to Ladakh amid ongoing India-China tensions.

The Nimmu-Padam-Darcha road, an integral part of the project, was completed in March 2024.

10) Answer: A

Short Explanation:

The Union Budget has increased the eligible loan amount for high-end skilling courses under the Model Skill Loan scheme from₹1.5 lakh to ₹7.5 lakh.

Skill Development Minister Jayant Chaudhary has launched the revamped scheme to address previous challenges.

The earlier Credit Guarantee Fund Scheme for Skill Development, established in November 2015, faced issues due to its low loan limit and restricted lending network.

Detailed Explanation:

The Union Budget has increased the eligible loan amount for high-end skilling courses under the Model Skill Loan scheme from₹1.5 lakh to ₹7.5 lakh.

Skill Development Minister Jayant Chaudhary has launched the revamped scheme to address previous challenges.

The earlier Credit Guarantee Fund Scheme for Skill Development, established in November 2015, faced issues due to its low loan limit and restricted lending network.

By March 31, 2024, only ₹115.75 crore had been loaned to 10,077 borrowers.

The previous scheme faced low fund utilization due to the ₹1.5 lakh loan cap, which was insufficient for high-end skilling courses whose costs had risen due to inflation.

Only banks that were members of the Indian Banking Association (IBA) were permitted to lend under the old scheme, limiting outreach and uptake.

The revamped scheme expands the lending network from only Indian Banking Association (IBA) member banks to include Non-Banking Financial Companies (NBFCs) and small finance banks.

11) Answer: B

Short Explanation:

Prime Minister Shri Narendra Modi is in Kargil to mark the 25th anniversary of Kargil Vijay Diwas(July 26).

During his visit, PM Modi paid tribute to the bravehearts who made the supreme sacrifice in the Kargil War

Detailed Explanation:

Prime Minister Shri Narendra Modi is in Kargil to mark the 25th anniversary of Kargil Vijay Diwas(July 26)

During his visit, PM Modi paid tribute to the bravehearts who made the supreme sacrifice in the Kargil War.

The Prime Minister visited the Kargil War Memorial at Dras to honour the martyrs of the Kargil War.

President Droupadi Murmu and Defence Minister Rajnath Singh also offered their tributes to the fallen soldiers on the occasion of the 25th Vijay Diwas.

12) Answer: C

Short Explanation:

BSNL aims for a 25% subscriber market share by the end of 2025 as it launches 4G services.

Current market share is 7.4% with 86.3 million mobile subscribers.

The government has allocated Rs 3.2 trillion in revival packages to BSNL.

Rs 83,416 crore is set aside in the 2024-25 Budget for BSNL’s technological upgrades and restructuring.

Detailed Explanation:

BSNL aims for a 25% subscriber market share by the end of 2025 as it launches 4G services.

Current market share is 7.4% with 86.3 million mobile subscribers.

The government has allocated Rs 3.2 trillion in revival packages to BSNL.

Rs 83,416 crore is set aside in the 2024-25 Budget for BSNL’s technological upgrades and restructuring.

BSNL is expediting the rollout of 4G services with contracts worth Rs 19,000 crore awarded to Tata Consultancy Services (TCS), Tejas Networks, and ITI.

Over 9,000 towers for 4G services have been installed in Punjab, Himachal Pradesh, UP West, and Haryana.

A Project Management Unit (PMU) will be established for daily monitoring of 4G deployment in collaboration with TCS, Tejas Networks, and C-DOT.

Robert Jerard Ravi has taken charge as the new CMD of BSNL for six months.

BSNL narrowed its net loss to Rs 5,367 crore in FY24 from Rs 8,161 crore in FY23.

Revenue from operations grew by 1% to Rs 19,343.6 crore, missing the Rs 20,008 crore target.

BSNL targets Rs 35,960 crore revenue from operations by 2027-28, with a 20% year-on-year growth from FY25 to FY27.

13) Answer: E

Short Explanation:

Parle continues to be the most chosen in-home brand according to Kantar’sBrand Footprint Report.

With a Consumer Reach Points (CRP) score of 7980 million, Parle holds the top spot for the 12th consecutive year.

Top Five In-Home Brands:

Following Parle, the other top brands include:

Britannia

Amul

Clinic Plus

Tata Consumer Products

Detailed Explanation:

Parle continues to be the most chosen in-home brand according to Kantar’sBrand Footprint Report.

With a Consumer Reach Points (CRP) score of 7980 million, Parle holds the top spot for the 12th consecutive year.

Top Five In-Home Brands:

Following Parle, the other top brands include:

Britannia

Amul

Clinic Plus

Tata Consumer Products

CRP Increase:

Overall, Consumer Reach Points (CRPs) have increased by 33% in the last five years.

Seven brands in the top 25 in-home rankings have seen more than 20% penetration increase over the last decade

14) Answer: A

Short Explanation:

KisanKraft Limited, a Bengaluru-based farm equipment manufacturer, is expanding its operations to Tanzania in East Africa.

The company signed a Memorandum of Understanding (MoU) with the Ministry of Agriculture of the United Republic of Tanzania to support agricultural development.

Managing Director Ankit Chitalia announced a ₹100 crore investment in East African countries to support capacity-building programs.

Detailed Explanation:

KisanKraft Limited, a Bengaluru-based farm equipment manufacturer, is expanding its operations to Tanzania in East Africa.

The company signed a Memorandum of Understanding (MoU) with the Ministry of Agriculture of the United Republic of Tanzania to support agricultural development.

Managing Director Ankit Chitalia announced a ₹100 crore investment in East African countries to support capacity-building programs.

The MoU follows the visit of Tanzanian President Samia Suluhu Hassan and her Cabinet to India in October 2023.

Chairman Ravindra Agrawal mentioned that the company has been working on a multifaceted MoU to enhance collaboration in the agricultural sector.

KisanKraft has previously exported farm equipment such as inter cultivators and other machinery to countries including Nepal and Sri Lanka.

15) Answer: B

Short Explanation:

The Indian Army contingent departed for the Multinational Military Exercise KHAAN QUEST.

The exercise is scheduled to be conducted from 27th July to 9th August 2024 at Ulaanbaatar, Mongolia.

The exercise first started as a bilateral event between USA and Mongolian Armed Forces in the year 2003.

Detailed Explanation:

The Indian Army contingent departed for the Multinational Military Exercise KHAAN QUEST.

The exercise is scheduled to be conducted from 27th July to 9th August 2024 at Ulaanbaatar, Mongolia.

The exercise will bring together military forces from around the world to collaborate and enhance their peacekeeping capabilities.

Last edition of Exercise KHAAN QUEST was conducted in Mongolia from 19th June to 2nd July 2023.

The exercise first started as a bilateral event between USA and Mongolian Armed Forces in the year 2003.

Subsequently, from the year 2006 onwards the exercise graduated to a Multinational Peacekeeping Exercise with the current year being the 21st iteration.

Participants:The Indian Army contingent, comprising 40 personnel, includes troops from a Battalion of the Madras Regiment, along with personnel from other Arms and Services.

16) Answer: B

Short Explanation:

Goa Shipyard Limited (GSL) launched the first indigenous P1135.6 Frigate named Triput.

The launch signifies a step forward for India’s naval capabilities and the ‘Aatmanirbhar Bharat’ (self-reliant India) strategy.

The ship’s name, Triput, symbolizes the Indian Navy’s indomitable spirit and striking capability

The Triput class ships are follow-on ships of the Teg and Talwar class ships acquired from Russia.

Detailed Explanation:

Goa Shipyard Limited (GSL) launched the first indigenous P1135.6 Frigate named Triput.

The launch signifies a step forward for India’s naval capabilities and the ‘Aatmanirbhar Bharat’ (self-reliant India) strategy.

The ship’s name, Triput, symbolizes the Indian Navy’s indomitable spirit and striking capability

The contract for building two Triput class Advance Frigates was signed between the Ministry of Defence and Goa Shipyard Limited on 25 Jan 19.

The ship’s construction phases include a plate-cutting ceremony on September 20, 2020, and keel laying on January 29, 2021.

Dimensions: 124.8 m long, 15.2 m wide, draught of 4.5 m.

Displacement: Approximately 3600 tons.

Maximum speed: 28 knots.

The Triput class ships are follow-on ships of the Teg and Talwar class ships acquired from Russia.

17) Answer: C

Short Explanation:

Nita Ambani, Founder of Reliance Foundation, has been re-elected unanimously as a member of the International Olympic Committee (IOC) at the 142nd IOC session in Paris, ahead of the Paris 2024 Olympic Games.

Nita Ambani was first appointed to the IOC in 2016 during the Rio de Janeiro Olympic Games.

She is the first Indian woman to join the IOC.

Detailed Explanation:

Nita Ambani was first appointed to the IOC in 2016 during the Rio de Janeiro Olympic Games.

She is the first Indian woman to join the IOC.

Since her appointment, Nita Ambani has championed India’s sporting ambitions and Olympic vision.

She hosted the first IOC session in Mumbai in over 40 years in October 2023, showcasing India’s new, ambitious image to the world.

The Paris 2024 Olympic Games are scheduled to take place in Paris, France, from July 26 to August 11, 2024.

18) Answer: B

Short Explanation:

Bibhuti Bhusan Nayak has been elected as the 67th President of the Institute of Cost Accountants of India (ICMAI) for the year 2024-2025.

Detailed Explanation:

Bibhuti Bhusan Nayak has been elected as the 67th President of the Institute of Cost Accountants of India (ICMAI) for the year 2024-2025.

Nayak is Odisha’s 3rd Cost Accountant to be elected to this esteemed position.

TCA Srinivasa Prasad has been elected as the vice president of the Institute of Cost Accountants of India for 2024-25

He served as the Chairman of the Bhubaneswar Chapter (2015-16) and as the Chairman of the Eastern India Regional Council (EIRC) of ICMAI (2022-2023).

He was elected as a Council member of the Institute for the term 2023-27 and served as Vice President for the year 2023-24.

19) Answer: B

Short Explanation:

EQT Private Capital Asia, formerly known as Baring Private Equity Asia, exited RBL Bank by selling its entire 7.89% stake in the private sector lender for Rs 1,091 crore through an open market transaction.

EQT Private Capital Asia through its vehicle Maple II BV sold shares of RBL Bank through a bulk deal on the BSE.

Detailed Explanation:

EQT Private Capital Asia, formerly known as Baring Private Equity Asia, on Thursday exited RBL Bank by selling its entire 7.89% stake in the private sector lender for Rs 1,091 crore through an open market transaction.

EQT Private Capital Asia through its vehicle Maple II BV sold shares of RBL Bank through a bulk deal on the BSE.

The shares were purchased at an average price of Rs 446.85 crore.

In November 2020, Baring Private Equity Asia invested Rs 999 crore through Maple II BV to acquire a 9.44% stake in RBL Bank.

20) Answer: C

About ICMAI :

Headquarters : Kolkata, West Bengal

ICMAI was established as a statutory body on 28 May 1959 under the Cost and Works Accountants Act, 1959.

The Institute comes under the Union Ministry of Corporate Affairs.

This post was last modified on July 29, 2024 1:35 pm

3 weeks ago

Daily Current Affairs Quiz – 27th July 2024

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