Daily Current Affairs Quiz – 28th August 2024

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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2024 of 28th 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 Securities and Exchange Board of India grants Capitalmind in-principle approval to launch a mutual fund business. Capitalmind ranks _____________ in AUM for discretionary equity strategies in India.

(a) 23rd

(b) 24th

(d) 26th

(e) 21st

2) When will GST taxpayers be unable to file an outward supply return (GSTR-1) if they do not provide the GST authorities with their bank account details?

(a) November 1 2024

(b) September 1 2024

(d) December 1 2024

(e) January 1 2025

3) According to Mercom India Research, India’s solar power capacity increased by 282% in the first half of 2024, adding around how many GW of the highest-ever half-yearly installation?

(a) 12GW

(b) 10GW

(d) 20GW

(e) 25GW

4) In the Union Territory of Ladakh, how many new districts has the Ministry of Home Affairs (MHA) established?

(a) 4

(b) 3

(d) 2

(e) 7

5) The Union Government Has Released New Public Grievance Redressal Guidelines for 2024. In order to improve the clarity and efficiency of handling complaints, these rules present a reform process that consists of how many steps?

(a) 5

(b) 6

(d) 10

(e) 12

6) Which version of the International Mother Teresa Awards Ceremony was held on August 26, 2024, in Millennium Plaza Dubai, to commemorate Mother Teresa’s 114th birth anniversary?

(a) 23rd

(b) 24th

(d) 26th

(e) 21st

7) Which nation hosted the 10th round of discussions for the Comprehensive Economic Cooperation Agreement (CECA) from August 19–22, 2024?

(a) Canada

(b) Singapore

(d) Germany

(e) Hong Kong

8) At which meeting of the India-Indonesia Joint Working Group on Counter-Terrorism was conducted in Jakarta, the resolve of both countries to fight terrorism was reaffirmed?

(a) 4th

(b) 5th

(d) 7th

(e) 8th

9) Which state cabinet has made the decision to enact the Unified Pension Scheme (UPS) for state government workers, therefore becoming the pioneer state to embrace the Union government’s declared program?

(a) Maharashtra

(b) Madhya Pradesh

(d) Karnataka

(e) West Bengal

10) The National Association of Software and Service Companies (NASScom) has named Sindhu Gangadharan, Managing Director of SAP Labs India, as its new chairwoman. Who is she replacing as Nasscom’s president-designate?

(a) Gangadharan

(b) Rajesh Nambiar

(d) Jaspal Singh

(e) Ajeesh Ali

11) As per the report, Liu Jin has left his positions as the Bank of China’s president and vice chairman. Which year did Liu Jin become President and Vice Chairman of the Bank of China?

(a) 2019

(b) 2020

(d) 2021

(e) 2022

12) The Indo-Tibetan Border Police (ITBP) has nominated Sanjeev Raina, an officer from the 1987 batch, as the Additional Director General (ADG). How many kilometers of the India-China border, from the Karakoram Pass in Ladakh to Jachep La in Arunachal Pradesh, is guarded by the ITBP?

(a) 3,488 km

(b) 3,388 km

(d) 3,688 km

(e) 3,788 km

13) Which Union Minister has been re-elected to a five-year term as the national president of the Lok Janshakti Party (Ram Vilas)?

(a) Jal Shakti

(b) Food Processing Industry

(d) MSME

(e) Agriculture

14) When will be 2024 World Water Week being organized by the Stockholm International Water Institute (SIWI)?

(a) August 25-29

(b) August 24-28

(d) August 27-31

(e) August 23-27

15) Which Indian state’s 14-year-old Tanvi Patri won the women’s singles gold in the Asian U-15 Junior Championships 2024, held in Chengdu, China, marking a noteworthy accomplishment for Indian badminton?

(a) Odisha

(b) Madhya Pradesh

(d) Karnataka

(e) West Bengal

16) At the Asian Surfing Championships in 2024, the Indian national surfing team won a silver medal in the Maruhaba Cup, a renowned team competition. Which nation took home the gold medal?

(a) Japan

(b) Taipei

(d) Australia

(e) Germany

17) Sven-Goran Eriksson, a Swedish coach who was the first foreigner to lead an England team, passed away. In how many countries did he manage clubs and national teams?

(a) 5

(b) 10

(d) 12

(e) 8

18) Veteran Congressman Vasantrao Chavan, a Nanded MP, passed away. Which state was his birthplace?

(a) Maharashtra

(b) Madhya Pradesh

(d) Karnataka

(e) West Bengal

19) How many times did the late Salim Hoss, the former prime minister of Lebanon throughout some of the most turbulent periods in his nation’s recent history, passed away at the age of 94?

(a) 1

(b) 2

(d) 4

(e) 5

20) Which currency is used in Lebanon?

(a) Riat

(b) Pound

(d) Peso

(e) Franc

Answers :

1) Answer: C

Short Explanation:

Bengaluru-based investment management firm Capitalmind Financial Services Private Limited has received in-principle approval from the Securities and Exchange Board of India (SEBI) to launch a new mutual fund.

Leadership and Ranking: Led by Deepak Shenoy, Capitalmind is ranked 25th in AUM for discretionary equity strategies in India.

Detailed Explanation:

Current Operations: Capitalmind currently functions as a portfolio manager, managing over ₹2,200 crore in assets under management (AUM) for more than 1,150 clients.

The firm maintains a strong annual client retention rate of 98%.

Growth and Wealth Creation: The company has doubled its AUM every financial year since inception, driven by robust portfolio performance and steady inflows, creating over ₹1,000 crore in wealth for clients in less than seven years.

Leadership and Ranking: Led by Deepak Shenoy, Capitalmind is ranked 25th in AUM for discretionary equity strategies in India.

Bengaluru-Based AMC Presence: Capitalmind joins other Bengaluru-based asset management companies (AMCs) such as Zerodha Fund House, Groww Mutual Fund, and Navi Mutual Fund.

2) Answer: B

Short Explanation:

GST taxpayers who do not furnish bank account details to GST authorities will be barred from filing outward supply return GSTR-1 from September 1,2024.

Filing Restrictions: Taxpayers who do not furnish valid bank account details will be barred from filing their GSTR-1 (outward supply return) or using the Invoice Furnishing Facility (IFF) for the tax period August 2024 onwards.

Detailed Explanation:

GST taxpayers who do not furnish bank account details to GST authorities will be barred from filing outward supply return GSTR-1 from September 1,2024.

GST Rule 10A: According to GST Rule 10A, a taxpayer is required to furnish bank account details:

Within 30 days from the date of grant of registration.

GSTN Advisory: The Goods and Services Tax Network (GSTN) issued an advisory on August 23, 2024, urging taxpayers who have not yet provided their bank account details to update their registration details on the GST portal.

Enforcement: Without valid bank account details, taxpayers will not be able to file GSTR-1 or use IFF from the return period of August 2024, affecting their compliance with GST regulations.

3) Answer: C

Short Explanation:

India’s solar power capacity surged by 282% in the first half of 2024, adding nearly 15 GW—the highest-ever half-yearly installation, according to Mercom India Research.

In Q1 2024, 9.9 GW of solar capacity was added, followed by 5 GW in Q2 2024.

As of June 2024, India’s installed solar capacity reached 87.2 GW, representing 19.5% of the country’s total energy mix.

Detailed Explanation:

India’s solar power capacity surged by 282% in the first half of 2024, adding nearly 15 GW—the highest-ever half-yearly installation, according to Mercom India Research.

In Q1 2024, 9.9 GW of solar capacity was added, followed by 5 GW in Q2 2024.

As of June 2024, India’s installed solar capacity reached 87.2 GW, representing 19.5% of the country’s total energy mix.

India’s large-scale solar project pipeline stood at 146 GW, with an additional 104 GW in the tendered and pending auction stages as of June 2024.

Rajasthan, Gujarat, and Karnataka led in quarterly large-scale solar capacity additions.

India aims to add 500 GW of renewable energy capacity by 2030, with solar energy playing a key role.

By June 2024, the total grid-connected renewable capacity stood at 148 GW, including 85 GW from solar, 47 GW from wind, and smaller contributions from biomass and small hydro.

Solar energy, now the cheapest form of power, has seen its installed capacity grow 32 times from 2.6 GW in 2014 to 85.5 GW in 2024

4) Answer: C

Short Explanation:

The Ministry of Home Affairs (MHA) has established five new districts in the Union Territory of Ladakh: Zanskar, Drass, Sham, Nubra, and Changthang.

This move increases the total number of districts in Ladakh from two to seven, with the existing districts being Leh and Kargil.

Detailed Explanation:

The Ministry of Home Affairs (MHA) has established five new districts in the Union Territory of Ladakh: Zanskar, Drass, Sham, Nubra, and Changthang.

This move increases the total number of districts in Ladakh from two to seven, with the existing districts being Leh and Kargil.

The creation of these districts aims to improve the delivery of public services and ensure that government services reach remote and far-flung areas.

The new districts are expected to enhance governance and accessibility in every corner of Ladakh.

The Jammu and Kashmir Reorganisation Act of 2019 divided the former state into two Union Territories: Jammu and Kashmir (with its own legislative assembly) and Ladakh (without a legislative assembly).

This move comes ahead of the direct assembly elections in Jammu and Kashmir, scheduled for September, marking a significant development in the governance of the region.

5) Answer: D

Short Explanation:

The Union Government has unveiled new 2024 guidelines aimed at improving the handling of public grievances with a focus on citizen empowerment and streamlining the redressal process.

These guidelines introduce a 10-step reform process that incorporates technological advancements to enhance clarity and efficiency in addressing grievances.

Detailed Explanation:

The Union Government has unveiled new 2024 guidelines aimed at improving the handling of public grievances with a focus on citizen empowerment and streamlining the redressal process.

These guidelines introduce a 10-step reform process that incorporates technological advancements to enhance clarity and efficiency in addressing grievances.

A new integrated, user-friendly platform on the Centralised Public Grievance Redress and Monitoring System (CPGRAMS) has been introduced.

This platform will serve as a single-window system for citizens to file grievances, simplifying the process and improving accessibility.

The timeline for grievance redressal has been shortened to 21 days from the previous 30 days.

For cases requiring more time, interim replies will be provided, and citizens will receive feedback on resolved grievances through SMS and email.

Training for grievance officers will be conducted through 36 Administrative Training Institutes under the SEVOTTAM scheme.

The CPGRAMS portal has successfully addressed nearly 60 lakh public grievances between 2022 and 2024.

6) Answer: B

Short Explanation:

The 24th International Mother Teresa Awards Ceremony took place on August 26, 2024, at Millennium Plaza Dubai, celebrating the 114th birth anniversary of Mother Teresa.

Organized by the All-India Minority and Weaker Sections Council, this prestigious event was held outside India for only the second time, with both international ceremonies occurring in Dubai.

Detailed Explanation:

The 24th International Mother Teresa Awards Ceremony took place on August 26, 2024, at Millennium Plaza Dubai, celebrating the 114th birth anniversary of Mother Teresa.

Organized by the All-India Minority and Weaker Sections Council, this prestigious event was held outside India for only the second time, with both international ceremonies occurring in Dubai.

Mother Teresa, born Anjezë Gonxhe Bojaxhiu on August 26, 1910, in Skopje, Macedonia (then part of the Ottoman Empire), dedicated her life to serving the poorest of the poor.

She founded the Missionaries of Charity in 1950, which expanded globally to provide humanitarian aid.

Her work earned her numerous awards, including the Ramon Magsaysay Peace Prize, Padma Shri, and the Nobel Peace Prize in 1979.

Declared “Blessed Teresa of Kolkata” by Pope John Paul II in 2003, she was canonized as a saint by Pope Francis in 2016.

The Mother Teresa National Awards Committee continues to honor her legacy through cultural events and programs for the underprivileged.

7) Answer: C

Short Explanation:

The 10th Round of India-Australia Comprehensive Economic Cooperation Agreement (CECA) negotiations was held in Sydney from 19-22 August 2024.

Discussions focused on five key areas: Goods, Services, Digital Trade, Government Procurement, Rules of Origin, and Agri-tech.

The discussions, held after a five-month gap from the 9th Round, were preceded by intersessional meetings to build consensus on various tracks.

Detailed Explanation:

The 10th Round of India-Australia Comprehensive Economic Cooperation Agreement (CECA) negotiations was held in Sydney from 19-22 August 2024.

Discussions focused on five key areas: Goods, Services, Digital Trade, Government Procurement, Rules of Origin, and Agri-tech.

The discussions, held after a five-month gap from the 9th Round, were preceded by intersessional meetings to build consensus on various tracks.

The Chief Negotiators agreed on an action plan for continued negotiations through virtual meetings before the next round, anticipated to be held in India in November 2024.

The Indian delegation visited the University of Sydney and Cicada Innovation Centre to explore Australia’s research activities in agriculture and agri-tech.

India and Australia are key strategic partners, collaborating in regional initiatives like the Indo-Pacific Economic Forum for Prosperity (IPEF) and the Trilateral Supply Chain Resilience Initiative (SCRI).

8) Answer: C

Short Explanation:

India and Indonesia held the sixth meeting of the India-Indonesia Joint Working Group on Counter-Terrorism in Jakarta, reaffirming their commitment to combating terrorism.

Both nations strongly condemned the use of terrorist proxies for cross-border terrorism, with particular emphasis on Pakistan’s support to terror groups targeting Jammu and Kashmir.

Detailed Explanation:

India and Indonesia held the sixth meeting of the India-Indonesia Joint Working Group on Counter-Terrorism in Jakarta, reaffirming their commitment to combating terrorism.

Both nations strongly condemned the use of terrorist proxies for cross-border terrorism, with particular emphasis on Pakistan’s support to terror groups targeting Jammu and Kashmir.

The discussions highlighted the need to address the misuse of new and emerging technologies by terrorists.

The discussions included strategies to strengthen collaboration in regional, global, and multilateral forums such as the United Nations, ASEAN Regional Forum (ARF), and the Association of Southeast Asian Nations (ASEAN).

9) Answer: A

Short Explanation:

The Maharashtra cabinet has decided to implement the Unified Pension Scheme (UPS) for state government employees, making it the first state to adopt the scheme announced by the Union government.

The Narendra Modi-led Centre approved the Unified Pension Scheme (UPS) for central government employees who joined service after January 1, 2004.

The UPS provides an assured pension of 50% of the average basic pay over the last 12 months before retirement for eligible employees

Detailed Explanation:

The Narendra Modi-led Centre approved the Unified Pension Scheme (UPS) for central government employees who joined service after January 1, 2004.

The UPS provides an assured pension of 50% of the average basic pay over the last 12 months before retirement for eligible employees.

The scheme is applicable to employees under the National Pension Scheme (NPS) who have completed at least 25 years of qualifying service.

UPS will start from April 1, 2025, with an increased government contribution from 14% to 18.5%, incurring an estimated additional annual cost of ₹6,250 crore.

Financial Implications:

Despite the increase in government contribution, employees’ contribution remains at 10% of their basic salary.

An arrear of ₹800 crore will be payable to employees retiring before March 31, 2025, opting for UPS.

10) Answer: B

Short Explanation:

Sindhu Gangadharan, Managing Director of SAP Labs India, has been appointed as the chairperson of Nasscom (National Association of Software and Service Companies), effective immediately.

She succeeds Rajesh Nambiar, who has been named president-designate for Nasscom.

Detailed Explanation:

Sindhu Gangadharan, Managing Director of SAP Labs India, has been appointed as the chairperson of Nasscom (National Association of Software and Service Companies), effective immediately.

She succeeds Rajesh Nambiar, who has been named president-designate for Nasscom.

Gangadharan was previously the chair of the Nasscom GCC Council in 2023.

She holds an additional global position as Head of Customer Innovation Services at SAP.

She was the first woman to lead SAP Labs India and continues in this role.

She serves on the boards of Siemens India and Titan Company Ltd.

11) Answer: D

Short Explanation:

Liu Jin has resigned from his roles as Vice Chairman and President of the Bank of China.

Ge Haijiao, the Chairman and Party Secretary of the Bank of China, will serve as the acting President until a permanent successor is appointed.

Liu Jin became President of the Bank of China in April 2021 and was appointed Vice Chairman in June 2021.

Detailed Explanation:

Liu Jin has resigned from his roles as Vice Chairman and President of the Bank of China.

His resignation was due to unspecified “personal reasons” and is unexpected given he has not yet reached the official retirement age of 60.

Ge Haijiao, the Chairman and Party Secretary of the Bank of China, will serve as the acting President until a permanent successor is appointed.

Liu Jin became President of the Bank of China in April 2021 and was appointed Vice Chairman in June 2021.

Before his tenure at the Bank of China, Liu worked at other major state-owned banks including China Everbright Bank, Industrial and Commercial Bank of China, and China Development Bank.

12) Answer: A

Short Explanation:

Sanjeev Raina, a 1987-batch ITBP officer, has been appointed as the Additional Director General (ADG) of the Indo-Tibetan Border Police (ITBP).

Along with Raina, IG Jaspal Singh has also been elevated to the ADG rank for the panel year 2024.

ITBP guards the 3,488 km India-China border, covering areas from the Karakoram Pass in Ladakh to Jachep La in Arunachal Pradesh.

Detailed Explanation:

Sanjeev Raina, a 1987-batch ITBP officer, has been appointed as the Additional Director General (ADG) of the Indo-Tibetan Border Police (ITBP).

This is only the second time in ITBP history that a cadre officer has been promoted to the ADG post, the second-highest rank in the force after the Director General (DG).

Along with Raina, IG Jaspal Singh has also been elevated to the ADG rank for the panel year 2024.

ITBP was established in response to Chinese aggression in 1962, initially with four battalions.

ITBP was initially raised under the CRPF Act, and later, the ITBP Act was enacted in 1992, with rules framed in 1994.

ITBP guards the 3,488 km India-China border, covering areas from the Karakoram Pass in Ladakh to Jachep La in Arunachal Pradesh.

Motto: The ITBP’s motto is “Shaurya-Dridhata-Karma Nishtha” (Valour – Determination – Devotion to Duty).

13) Answer: B

Short Explanation:

Union Minister of food processing industry Chirag Paswan has been re-elected as the national president of the Lok Janshakti Party (Ram Vilas) for a term of five years.

Detailed Explanation:

Union Minister of food processing industry Chirag Paswan has been re-elected as the national president of the Lok Janshakti Party (Ram Vilas) for a term of five years.

The re-election decision was made unanimously during the LJP (RV) national executive meeting held in Ranchi.

Chirag Paswan announced the party’s intention to contest the Assembly election in Jharkhand to enhance its support base in the tribal-dominated state.

The Janata Dal (United) (JD(U)), another National Democratic Alliance (NDA) partner, has expressed its interest in contesting 11 seats in Jharkhand as part of the alliance.

14) Answer: A

Short Explanation:

The Stockholm International Water Institute (SIWI) is organizing the 2024 edition of World Water Week fromAugust 25-29, 2024.

Theme: “Bridging Borders: Water for a Peaceful and Sustainable Future”

Detailed Explanation:

The Stockholm International Water Institute (SIWI) is organizing the 2024 edition of World Water Week fromAugust 25-29, 2024.

Theme: “Bridging Borders: Water for a Peaceful and Sustainable Future”

Vision: The theme highlights the need for global collaboration in managing water-related challenges that impact peace, security, and sustainability across national boundaries.

World Water Week 2024 is part of a broader initiative running from 2023 to 2027, serving as a platform to implement commitments from the UN 2023 Water Conference. The event will focus on translating global water-related goals into actionable strategies.

15) Answer: A

Short Explanation:

In a significant achievement for Indian badminton, Tanvi Patri, a 14-year-old from Odisha, India, won the women’s singles title at the Asian U-15 Junior Championships 2024 held in Chengdu, China.

Detailed Explanation:

Opponent: Nguyen Thi Thu Huyen (Vietnam), the second seed

Match Duration: 34 minutes

India’s performance at the 2024 Asian U-15 and U-17 Badminton Championships was impressive, securing a total of two medals:

Gnana Dattu: Bronze in U-17 Men’s Singles

16) Answer: A

Short Explanation:

The Indian national surfing team clinched a silver medal at the Maruhaba Cup, a prestigious team event at the Asian Surfing Championships 2024.

The competition took place in Thulusdhoo, Maldives, and concluded.

Japan won the gold medal with a score of 58.40.

India secured the silver medal with a score of 24.13.

Detailed Explanation:

The Indian national surfing team clinched a silver medal at the Maruhaba Cup, a prestigious team event at the Asian Surfing Championships 2024.

The competition took place in Thulusdhoo, Maldives, and concluded.

Japan won the gold medal with a score of 58.40.

India secured the silver medal with a score of 24.13.

Taipei took the bronze medal with 23.93.

China finished in fourth place with 22.10.

Harish Muthu made history by becoming the first Indian surfer to reach the quarter-finals of the Asian Surfing Championships.

17) Answer: B

Short Explanation:

Sven-Goran Eriksson, the Swedish football manager who spent five years as England’s first ever foreign-born coach after making his name winning trophies at club level in Italy, Portugal and Sweden, passed away at the age of 76.

He Managed clubs and national teams in 10 countries: Sweden, Portugal, Italy, England, Mexico, Ivory Coast, Thailand, UAE, China, and the Philippines.

Detailed Explanation:

Sven-Göran Eriksson was born on 5 February 1948 in Sunne, Sweden.

He Managed clubs and national teams in 10 countries: Sweden, Portugal, Italy, England, Mexico, Ivory Coast, Thailand, UAE, China, and the Philippines.

He Managed England (2001-2006), becoming the first foreign-born coach of the national team.

18) Answer: A

Short Explanation:

Veteran Congress leader and recently elected Member of Parliament representing Nanded constituency, Vasantrao Chavan, passed away at the age of 70.

Born in Naigaon in Nanded district, Maharashtra.

Detailed Explanation:

Veteran Congress leader and recently elected Member of Parliament representing Nanded constituency, Vasantrao Chavan, passed away at the age of 70.

Born in Naigaon in Nanded district, Maharashtra.

Leadership Roles:Chairman of the Nanded District Central Cooperative Bank from 2021 to 2023.

Trustee and Chairperson of Janta High School and College of Agriculture in Naigaon.

Recent Achievement:Elected to the Lok Sabha for the first time in 2024, defeating BJP strongman and MP Pratap Patil Chikhlikar from the Nanded constituency.

19) Answer: E

Short Explanation:

Five-time former Lebanese Prime Minister Salim Hoss, who served during some of the most tumultuous years of his country’s modern history, passed away at the age of 94.

Salim al-Huss was born in Beirut,Lebanon on 20 December 1929.

Detailed Explanation:

Five-time former Lebanese Prime Minister Salim Hoss, who served during some of the most tumultuous years of his country’s modern history, passed away at the age of 94.

Salim al-Huss was born in Beirut,Lebanon on 20 December 1929.

He served as prime minister for four terms during the country’s 15-year civil war that lasted from 1975 to 1990.

His final term in office was from 1998 to 2000.

During the 1988 political crisis, Lebanon was divided into two rival administrations:

Salim al-Huss led the government in Muslim west Beirut.

Michel Naim Aoun led the administration in Christian east Beirut.

20) Answer: B

About Lebanese :

Prime Minister : Najib Mikati

Capital : Beirut

Currency : Lebanese pound

This post was last modified on August 29, 2024 11:56 am

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Daily Current Affairs Quiz – 28th August 2024

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