Daily Current Affairs Quiz – 30th August 2024

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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2024 of 30th 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 Inori RuPay Platinum Credit Card has been introduced by ESAF Small Finance Bank. Which language term for “wish” is the source of the name “Inori,” signifying the bank’s goal to fulfill the needs and expectations of its clients?

(a) Chinese

(b) Sanskrit

(d) Spanish

(e) Russian

2) The Department of Economic Affairs has given Jio Financial Services Limited permission to increase the maximum amount of foreign investment to what percentage of the fully diluted paid-up equity share capital?

(a) 45%

(b) 46%

(d) 49%

(e) 48%

3) Which Bank has been fined ₹24,92,978 by the Maharashtra Goods and Services Tax (GST) department?

(a) IDBI bank

(b) YES bank

(d) HDFC bank

(e) Axis bank

4) Which Bank has teamed with Zeta, a global provider of cutting-edge banking technology to financial institutions, to support the bank’s credit line offers on the UPI (CLOU) platform?

(a) IDBI bank

(b) YES bank

(d) HDFC bank

(e) Axis bank

5) Which year did Prime Minister Narendra Modi introduce the Pradhan Mantri Jan Dhan Yojana (PMJDY), and since then, has there been a notable increase in financial inclusion?

(a) 2012

(b) 2014

(d) 2016

(e) 2018

6) The 44th PRAGATI meeting, which was presided over by Prime Minister Narendra Modi and was the first of his third term, examined the status of how many important projects spanning 11 states and Union Territories and totaling approximately Rs 76,500 crore?

(a) 4

(b) 5

(d) 7

(e) 8

7) With an emphasis on connection between important industrial areas, the Cabinet Committee on Economic Affairs (CCEA) authorized three rail projects and twelve new industrial nodes. What is the approximate total investment of these projects in terms of crores?

(a) Rs.35000crore

(b) Rs.10000crore

(d) Rs.20000crore

(e) Rs.30000crore

8) On August 28, Prime Minister Narendra Modi celebrated the Jan Dhan Yojana’s tenth anniversary and emphasized how it has revolutionized financial inclusion in India. The Facility for Overdrafts For holders of qualifying accounts, up to how much rupees?

(a) Rs 2000

(b) Rs 5000

(d) Rs 1000

(e) Rs 15000

9) Which State Assembly, in an effort to promote higher education and gender equality, enacted a bill raising the legal age of marriage for women from 18 to 21 years old?

(a) Andhra Pradesh

(b) Uttar Pradesh

(d) Himachal Pradesh

(e) Madhya Pradesh

10) For the first quarter (Q1) of FY25, Oyo, the hotel giant on the verge of an IPO, recorded a profit after tax (PAT) of how many crore?

(a) Rs.112crore

(b) Rs.122crore

(d) Rs.142crore

(e) Rs.152crore

11) Which state’s chief minister declared at the Regional Industrial Conclave (RIC) that the state had received investment bids totaling Rs 8,000 crore?

(a) Andhra Pradesh

(b) Uttar Pradesh

(d) Himachal Pradesh

(e) Madhya Pradesh

12) How many crores does Vedanta Ltd form a war chest for growth and deleveraging?

(a) Rs.20000crore

(b) Rs.10000crore

(d) Rs.40000crore

(e) Rs.50000crore

13) The Goalfest Conclave 2024 was held at ITC Maratha in Mumbai, and began with a recognition ceremony led by Mr. Saimik Sen, Editor-In-Chief of Herald Global. The conference finished with the announcement of the next awards ceremony, which will take place on November 17, 2024, at the Sheraton Grande Hotel Sukhumvit in which country?

(a) Singapore

(b) Thailand

(d) Canada

(e) Switzerland

14) Shriram Capital Private Limited has announced the appointment of who as Managing Director (MD) and Chief Executive Officer (CEO) from September 1, 2024?

(a) Madhusri

(b) Subhasri

(d) Vinitasri

(e) Karshana

15) The largest defense infrastructure project at the Karwar Naval Base is being managed by Vice Admiral Rajesh Dhankhar, NM, in his capacity as Director General of Project Seabird. In which year was he awarded the Nao Sena Medal (Gallantry)?

(a) 2012

(b) 2013

(d) 2015

(e) 2016

16) Who was the Indian Railway Management Service (IRMS) official who was named the Railway Board’s chairman and chief executive officer (CEO)?

(a) Harish Kumar

(b) Arun Kumar

(d) Prakash raj

(e) Senthil Kumar

17) When was the annual National Small Industry Day event held?

(a) August 29

(b) August 26

(d) August 28

(e) August 30

18) To prevent conflicts with international tournaments, ILT20 organizers are thinking about changing the schedule. Which ILT20 edition is set to take place in 2024, from January 11 to February 9?

(a) 1st

(b) 2nd

(d) 4th

(e) 5th

19) What percentage has Jio Financial Services Limited (JFS) increased its ownership in Jio Payments Bank Limited (JPBL) from 78.95%?

(a) 82.17%

(b) 82.15%

(d) 82.12%

(e) 82.13%

20) Zomato completes the purchase of Paytm’s ticketing and entertainment division. How much crore was the purchase transaction worth?

(a) ₹2,048 crore

(b) ₹2,028 crore

(d) ₹2,058 crore

(e) ₹2,018 crore

21) Which business has approved the merger of Digital18 Media, Reliance Industries, Viacom18, Star India, and Star Television Productions?

(a) SEBI

(b) GOI

(d) Department of Broadcasting

(e) Department of Economic Affairs

22) The nation has experienced a historic first with the appointment of Fatemeh Mohajerani as _____________, the first female government spokesman.

(a) Iraq

(b) Italy

(d) Qatar

(e) Pakistan

23) Who has been named the National Security Guard’s (NSG) Director General (DG)?

(a) Kamalkanth

(b) Srinivasan

(d) Dinesh Kumar

(e) Varun Karthik

24) Zeta is a global supplier of cutting-edge banking technology to financial institutions. Where is Zeta’s headquarters?

(a) Gujarat

(b) Maharashtra

(d) New Delhi

(e) Uttrakhand

25) Which state’s Mahoba Urban Co-operative Bank Ltd. and Postal Primary Co-operative Bank Ltd. have been hit with financial penalties by the Reserve Bank of India (RBI)?

(a) Andhra Pradesh

(b) Uttar Pradesh

(d) Himachal Pradesh

(e) Madhya Pradesh

Answers :

1) Answer: C

Short Explanation:

ESAF Small Finance Bank has introduced the Inori RuPay Platinum Credit Card, a premium financial product developed in collaboration with the National Payments Corporation of India (NPCI).

Card Name Significance:The name “Inori” is derived from the Japanese word for “wish,” reflecting the bank’s aspiration to meet the desires and expectations of its customers.

Detailed Explanation:

ESAF Small Finance Bank has introduced the Inori RuPay Platinum Credit Card, a premium financial product developed in collaboration with the National Payments Corporation of India (NPCI).

Card Name Significance:The name “Inori” is derived from the Japanese word for “wish,” reflecting the bank’s aspiration to meet the desires and expectations of its customers.

Cashback Offers: Cardholders can receive exciting cashback on monthly transactions.

Insurance Coverage: The card includes comprehensive insurance coverage of up to ₹2 lakh.

Exclusive Merchant Offers: Provides access to special offers from selected merchants.

Global Acceptance: The card is accepted internationally.

Concierge Services: Offers personalized assistance with travel, dining, and lifestyle needs.

2) Answer: D

Short Explanation:

Jio Financial Services Limited has received approval from the Department of Economic Affairs to raise the aggregate limit of foreign investment (including Foreign Portfolio Investors, FPIs) to 49% of the paid-up equity share capital on a fully diluted basis.

Current Foreign Investment:Foreign investors currently hold 17.55% of the company’s stake, from a public float of approximately 53%.

Detailed Explanation:

Current Foreign Investment:Foreign investors currently hold 17.55% of the company’s stake, from a public float of approximately 53%.

New Business Ventures:The company has launched its ship leasing business by leasing its first ship through Reliance International Leasing IFSC Ltd (RILIL), in a joint venture with Reliance Strategic Business Ventures Ltd based in GIFT City, Gujarat.

It plans to finance solar panels and IT equipment and has received approval to expand its business correspondents (BCs) network to 16,000 outlets.

3) Answer: B

Short Explanation:

The Goods and Services Tax (GST) department in Maharashtra has imposed a penalty on Yes Bank amounting to ₹24,92,978.

The penalty is based on:

Section 73 of the Central Goods and Services Tax Act, 2017

Maharashtra Goods and Services Tax Act, 2017

Detailed Explanation:

The Goods and Services Tax (GST) department in Maharashtra has imposed a penalty on Yes Bank amounting to ₹24,92,978.

The penalty is based on:

Section 73 of the Central Goods and Services Tax Act, 2017

Maharashtra Goods and Services Tax Act, 2017

Bank’s Response:Yes Bank stated that the tax and interest demand is below the materiality threshold limit currently applicable to the Bank.

The Bank does not anticipate the order to significantly impact its financial, operational, or other activities.

Regulatory Disclosure:The disclosure of this information is required under:

Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

4) Answer: D

Short Explanation:

Zeta, a provider of next-gen banking technology to financial institutions globally, has partnered with HDFC Bank to support the bank’s credit line offerings on the UPI (CLOU) platform.

The partnership leverages Zeta’s Digital Credit as a Service (DCaaS) solution, which is designed for rapid deployment and includes capabilities across origination, processing, lifecycle management, digital experiences, and data analytics.

Detailed Explanation:

Zeta, a provider of next-gen banking technology to financial institutions globally, has partnered with HDFC Bank to support the bank’s credit line offerings on the UPI (CLOU) platform.

Credit Line on UPI (CLOU):The Credit Line on UPI (CLOU) scheme was announced by NPCI and allows banks to connect pre-approved credit lines directly to the UPI user base.

Growth Potential:Zeta’s estimates suggest that the CLOU scheme could grow to a $1 trillion opportunity for banks by 2030.

Features of DCaaS:Zeta’s DCaaS is a fully managed solution with pre-integrated features and a catalogue of over a dozen innovative credit products for both retail and SME lending.

Banks can launch new credit products rapidly, within six months, using Zeta’s technology.

5) Answer: B

Short Explanation:

Finance Minister Nirmala Sitharaman announced that nearly 3 crore new accounts will be opened under the Pradhan Mantri Jan Dhan Yojana (PMJDY) in the current financial year, aiming to extend financial inclusion to remaining and newly adult populations.

PMJDY, launched by Prime Minister Narendra Modi on August 28, 2014, has shown impressive growth in financial inclusion.

Detailed Explanation:

PMJDY, launched by Prime Minister Narendra Modi on August 28, 2014, has shown impressive growth in financial inclusion.

The number of bank accounts under PMJDY surged from 14.72 crore in March 2015 to 53.13 crore as of August 16, 2024.

Total deposits in PMJDY accounts also witnessed significant growth, increasing from Rs 15,670 crore in March 2015 to over Rs 2.31 lakh crore by August 2024.

As of August 14, 2024, there were over 173 crore active CASA (Current Account and Savings Account) accounts, including the 53 crore operational PMJDY accounts.

New digital initiatives such as e-KYC and video KYC have streamlined the process of opening bank accounts, making it paperless and eliminating the need for visits to bank branches or banking correspondents.

The average balance in PMJDY accounts has risen from Rs 1,065 in March 2015 to Rs 4,352 as of August 16, 2024, reflecting increased financial engagement.

Approximately 80% of PMJDY accounts are active, indicating the program’s ongoing impact and relevance.

6) Answer: D

Short Explanation:

Prime Minister Narendra Modi chaired the 44th edition of PRAGATI, a multi-modal platform for Pro-Active Governance and Timely Implementation involving Centre and state governments.

The meeting, the first in his third term, reviewed the progress of seven key projects across 11 states and Union Territories with a combined worth of around Rs 76,500 crore.

Detailed Explanation:

Prime Minister Narendra Modi chaired the 44th edition of PRAGATI, a multi-modal platform for Pro-Active Governance and Timely Implementation involving Centre and state governments.

The meeting, the first in his third term, reviewed the progress of seven key projects across 11 states and Union Territories with a combined worth of around Rs 76,500 crore.

The projects included two road connectivity projects, two rail projects, and one project each from the Coal, Power, and Water Resources sectors.

The projects span across Uttar Pradesh, Uttarakhand, Jharkhand, Maharashtra, Rajasthan, Gujarat, Odisha, Goa, Karnataka, Chhattisgarh, and Delhi.

PM Modi advised chief secretaries to personally monitor projects under AMRUT 2.0, urging states to plan with consideration of future urban growth and needs.

He stressed the inclusion of peri-urban areas in drinking water plans and called for reforms in urban governance, comprehensive urban planning, urban transport planning, and municipal finance to address rapid urbanization.

Modi highlighted the importance of initiatives like the PM Surya Ghar Muft Bijli Yojana to meet urban energy demands.

He asked officials to continue working on the Mission Amrit Sarovar programme, advising the involvement of village committees in maintaining water catchment areas and desilting water bodies as needed.

Since its inception, PRAGATI has reviewed 355 projects worth a total of Rs 18.12 lakh crore, demonstrating the government’s commitment to monitoring and expediting key development initiatives across the nation.

7) Answer: A

Short Explanation:

The Cabinet Committee on Economic Affairs (CCEA) approved 12 new industrial nodes and three rail projects, focusing on connectivity between key industrial locations.

The total investment for these projects is around ₹35,000 crore.

Detailed Explanation:

The Cabinet Committee on Economic Affairs (CCEA) approved 12 new industrial nodes and three rail projects, focusing on connectivity between key industrial locations.

The total investment for these projects is around ₹35,000 crore.

The new industrial areas will be developed in states including Uttarakhand, Punjab, Maharashtra, Kerala, Uttar Pradesh, Bihar, Telangana, Andhra Pradesh, and Rajasthan, covering various sectors such as food processing, IT, textiles, and pharmaceuticals.

The CCEA approved Central Financial Assistance (CFA) to state governments in the North-East for their equity participation in hydro-electric projects, amounting to ₹4,136 crore from FY 2024-25 to FY 2031-32, supporting a cumulative hydro capacity of about 15,000 MW.

The Cabinet approved the 3rd batch of e-auctions under the Private FM Radio Phase III Policy, offering 730 channels in 234 new cities, with an estimated reserve price of ₹784.87 crore. The policy includes setting Annual License Fees as 4% of Gross Revenue excluding GST for the new channels.

8) Answer: C

Short Explanation:

Prime Minister Narendra Modi commemorated the 10th anniversary of the Jan Dhan Yojana on August 28, highlighting its transformative impact on financial inclusion in India.

Basic Savings Bank Deposit (BSBD) Accounts: No minimum balance required; deposits earn interest; includes a RuPay debit card.

Accident Insurance: ₹1 lakh coverage (₹2 lakh for accounts opened after August 28, 2018).

Overdraft Facility: Up to ₹10,000 for eligible account holders.

Detailed Explanation:

Prime Minister Narendra Modi commemorated the 10th anniversary of the Jan Dhan Yojana on August 28, highlighting its transformative impact on financial inclusion in India.

Basic Savings Bank Deposit (BSBD) Accounts: No minimum balance required; deposits earn interest; includes a RuPay debit card.

Accident Insurance: ₹1 lakh coverage (₹2 lakh for accounts opened after August 28, 2018).

Overdraft Facility: Up to ₹10,000 for eligible account holders.

Total Accounts: 53.13 crore (55.6% held by women, 66.6% in rural/semi-urban areas).

Total Deposits: ₹2.31 lakh crore (15-fold increase since inception).

Average Deposit: ₹4,352 (fourfold increase since launch).

RuPay Debit Cards: Over 36.06 crore issued.

Infrastructure: 89.67 lakh point-of-sale (PoS/mPoS) machines installed.

Digital Transactions: Increased from 2,338 crore in FY 2018-19 to 16,443 crore in FY 2023-24.

UPI Transactions: Rose from 535 crore in FY 2018-19 to 13,113 crore in FY 2023-24.

The scheme was honoured by Guinness World Records in 2014 for the “Most Bank Accounts Opened in One Week,” with 1.91 crore accounts opened as part of the Financial Inclusion Campaign.

9) Answer: D

Short Explanation:

The Himachal Pradesh (HP) State Assembly passed a Bill increasing the minimum age of marriage for women from 18 to 21 years in order to support gender equality and higher education.

The Prohibition of Child Marriage (Himachal Pradesh Amendment) Bill, 2024 was introduced by Women Empowerment Minister Dhani Ram Shandil in the State Assembly during its ongoing monsoon session.

Detailed Explanation:

The Himachal Pradesh (HP) State Assembly passed a Bill increasing the minimum age of marriage for women from 18 to 21 years in order to support gender equality and higher education.

The Prohibition of Child Marriage (Himachal Pradesh Amendment) Bill, 2024 was introduced by Women Empowerment Minister Dhani Ram Shandil in the State Assembly during its ongoing monsoon session.

The new legislation applies to all persons domiciled in Himachal Pradesh, overriding provisions of:

Indian Christian Marriage Act, 1872

Parsi Marriage and Divorce Act, 1936

Muslim Personal Law (Shariat) Application Act, 1937

Special Marriage Act, 1954

Hindu Marriage Act, 1955

Any other relevant law or custom.

The Bill defines a “child” as anyone who has not completed 21 years of age, eliminating the previous age-based distinction between males and females.

The Bill extends the period for filing a petition to annul a marriage:

Previously, a petition could be filed within two years of attaining majority (before turning 20 for women and 23 for men).

The Bill increases this period to five years, allowing petitions to be filed before turning 23 years old.

10) Answer: C

Short Explanation:

Oyo, the hospitality major heading towards an IPO, reported a profit after tax (PAT) of Rs 132 crore for the first quarter (Q1) of FY25, marking a significant turnaround from a loss of Rs 108 crore in the same period last year.

The company anticipates its PAT to triple to Rs 700 crore for the full financial year FY25, reflecting strong growth and strategic management.

Detailed Explanation:

The company anticipates its PAT to triple to Rs 700 crore for the full financial year FY25, reflecting strong growth and strategic management.

Oyo has seen increased preference for its premium properties not just in India but across various global markets.

In the US, Oyo is opening a new property every three days, demonstrating strong growth momentum.

Oyo is now the largest value hotel platform in Indonesia, further solidifying its presence in Southeast Asia.

Oyo reported its first-ever full-year profit of Rs 229 crore, highlighting the effectiveness of its strategic initiatives.

11) Answer: E

Short Explanation:

Madhya Pradesh Chief Minister Mohan Yadav announced that the state received investment proposals worth Rs 8,000 crore during the Regional Industrial Conclave (RIC) in Gwalior.

These investments are expected to generate 35,000 jobs across the state, reflecting strong investor interest and economic potential.

Detailed Explanation:

Madhya Pradesh Chief Minister Mohan Yadav announced that the state received investment proposals worth Rs 8,000 crore during the Regional Industrial Conclave (RIC) in Gwalior.

These investments are expected to generate 35,000 jobs across the state, reflecting strong investor interest and economic potential.

Adani Port and SEZ Ltd Managing Director Karan Adani disclosed plans to set up a 2-million-tonne capacity cement grinding unit in Guna and a propellant production facility in Shivpuri.

These projects will involve a total investment of Rs 3,500 crore and are projected to create 3,500 jobs.

The conclave witnessed the participation of 4,000 delegates, including representatives from 15 countries, highlighting the global interest in Madhya Pradesh’s industrial potential.

12) Answer: C

Short Explanation:

Vedanta Ltd has assembled a war chest of ₹30,000 crore through recent financial manoeuvres, including:

₹8,500 crore raised via a Qualified Institutional Placement (QIP).

₹3,200 crore from the Offer for Sale (OFS) of Hindustan Zinc Ltd (HZL).

₹5,100 crore from a second interim dividend.

Existing cash reserves of ₹13,000 crore.

Detailed Explanation:

Vedanta Ltd has assembled a war chest of ₹30,000 crore through recent financial manoeuvres, including:

₹8,500 crore raised via a Qualified Institutional Placement (QIP).

₹3,200 crore from the Offer for Sale (OFS) of Hindustan Zinc Ltd (HZL).

₹5,100 crore from a second interim dividend.

Existing cash reserves of ₹13,000 crore.

Vedanta reported a 54% year-on-year (Y-o-Y) increase in profit after tax for the first quarter, totaling ₹5,095 crore.

The company achieved its highest-ever alumina production at Lanjigarh and record mined metal product output at Zinc India.

The overall production cost was reduced by 20% Y-o-Y due to operational improvements and structural changes.

As of June 30, 2024, Vedanta’s debt stood at ₹61,300 crore.

Demerger Plan: Vedanta is progressing with a vertical demerger after receiving no-objection certificates from secured lenders and stock exchanges. The scheme has been filed with the National Company Law Tribunal (NCLT).

13) Answer: B

Short Explanation:

The Goalfest Conclave 2024 took place at ITC Maratha, Mumbai, and was inaugurated with a recognition ceremony led by Mr. Saimik Sen, Editor-In-Chief of Herald Global.

Notable individuals from diverse fields, including Raveena Tandon, Sunny Hinduja, Amit Sadh, Rajesh Jais, and Sadiya Siddiqui, were recognized with Industry No.1 Awards for their outstanding achievements.

The conclave concluded with the announcement of the next edition of the awards, scheduled for 17th November 2024 at the Sheraton Grande Hotel Sukhumvit in Bangkok, Thailand.

Detailed Explanation:

The Goalfest Conclave 2024 took place at ITC Maratha, Mumbai, and was inaugurated with a recognition ceremony led by Mr. Saimik Sen, Editor-In-Chief of Herald Global.

The event featured the unveiling of the Prestigious Brands of India Awards 2024, recognizing brands that have set new standards in their industries.

The winners, selected after a rigorous research process by BARC Asia, included Tata Structura, Mercedes-Benz E-Class, TATA Green Batteries, Superdry, Fortis Hospital, PayPal, and Nike, among others.

The Prestigious Rising Brands category highlighted emerging brands such as Bajaj Broking, PetStar, Swiggy, and iPhone 15 series.

Brands demonstrating consistent growth over the last decade were honored with the Brand of Decade 2024 award, with winners including Mahindra Susten, APL Apollo Tubes, Amul, Saridon, NESCAFE, Tata Salt, and ICICI Lombard.

The conclave also featured the unique “Marketing Meisters” category, celebrating leaders who have propelled their brands to exceptional heights.

Awardees included Sachin Chaudhary, Shailza Mittal, Divya Bhatia, Utsav Banerjee, and Retasha Lewis, among others, recognizing their strategic contributions to brand success.

The conclave concluded with the announcement of the next edition of the awards, scheduled for 17th November 2024 at the Sheraton Grande Hotel Sukhumvit in Bangkok, Thailand.

14) Answer: B

Short Explanation:

Shriram Capital Private Limited, the holding company of the Shriram Group, has announced the appointment of Subhasri as the company’s Managing Director (MD) and Chief Executive Officer (CEO), effective September 1, 2024.

She is currently serving as the Joint Managing Director (JMD) of Shriram Capital.

Detailed Explanation:

She is currently serving as the Joint Managing Director (JMD) of Shriram Capital.

Subhasri’s association with the Shriram Group started in 1991 as an Officer in the Non-Banking Financial Company (NBFC) sector

Previously, she held positions as Executive Director and CFO of Shriram City Union Finance (now Shriram Finance) and Joint MD of Shriram Capital.

15) Answer: D

Short Explanation:

Vice Admiral Rajesh Dhankhar, NM assumed the duties of Director General of Project Seabird, overseeing the largest defence infrastructure project at the Karwar Naval Base.

He succeeded Vice Admiral Tarun Sobti at the Headquarters, of Project Seabird in New Delhi.

Detailed Explanation:

Vice Admiral Rajesh Dhankhar, NM assumed the duties of Director General of Project Seabird, overseeing the largest defence infrastructure project at the Karwar Naval Base.

He succeeded Vice Admiral Tarun Sobti at the Headquarters, of Project Seabird in New Delhi.

Vice Admiral Dhankhar was commissioned into the Indian Navy on 01 July 1990.

He is a specialist in Navigation & Direction and has had a distinguished career spanning 34 years.

He has served in specialist roles onboard warships including INS Pondicherry, INS Godavari, INS Kora, and INS Mysore.

Awards and Recognition:Vice Admiral Dhankhar received the Nao Sena Medal (Gallantry) in 2015 for his role in Non-Combatant Evacuation Operations (NEO) involving the evacuation of Indian nationals from Aden and Al-Hodeida in Yemen.

16) Answer: C

Short Explanation:

Satish Kumar, an officer from the Indian Railway Management Service (IRMS), has been appointed as the Chairman and Chief Executive Officer (CEO) of the Railway Board.

This appointment marks him as the first chairman and CEO from the Scheduled Castes in the board’s history.

Jaya Varma Sinha, who is the current chairperson and CEO of the board, is superannuating on August 31,2024 and Kumar’s appointment will be effective from September 1, 2024.

Detailed Explanation:

Satish Kumar, an officer from the Indian Railway Management Service (IRMS), has been appointed as the Chairman and Chief Executive Officer (CEO) of the Railway Board.

This appointment marks him as the first chairman and CEO from the Scheduled Castes in the board’s history.

Jaya Varma Sinha, who is the current chairperson and CEO of the board, is superannuating on August 31,2024 and Kumar’s appointment will be effective from September 1, 2024.

Kumar is a distinguished officer from the Indian Railway Service of Mechanical Engineers (IRSME), having joined the service in the 1986 batch.

Prior to his new role, he served as the General Manager of the North Central Railway in Prayagraj.

17) Answer: E

Short Explanation:

The NationalSmall Industry Day is an annual celebration observed on 30th August.

The theme for 2024 is “Leveraging Power and Resilience of Micro-, Small and Medium-sized Enterprises (MSMEs) to Accelerate Sustainable Development and Eradicate Poverty in Times of Multiple Crises.”

Detailed Explanation:

The NationalSmall Industry Day is an annual celebration observed on 30th August.

Small Industry Day 2024 is celebrated to boost the overall growth potential of small industries.

Small Scale Industry (SSI) registration is used interchangeably with micro, small, and medium enterprise(MSME) registration while the MSME Development Act 2006 provides for facilitating the promotion.

Small Industry Day has been celebrated since 2017 following a resolution passed in the Assembly during the year.

18) Answer: C

Short Explanation:

The International League T20 (ILT20) organizers are considering a new window for future editions to avoid scheduling conflicts with other major leagues like the Big Bash League (BBL) and SA20.

The third edition of ILT20 is scheduled from January 11 to February 9, 2024, but overlaps with other global leagues may prompt a reconsideration of the dates.

Detailed Explanation:

The third edition of ILT20 is scheduled from January 11 to February 9, 2024, but overlaps with other global leagues may prompt a reconsideration of the dates.

The league has attracted significant interest from India, especially with three Indian Premier League (IPL) franchises owning teams in the ILT20.

Zee Entertainment holds exclusive broadcast and streaming rights for the ILT20 for 10 years, underscoring the league’s commercial appeal.

19) Answer: A

Short Explanation:

Jio Financial Services Limited. (JFS) has raised its stake in Jio Payments Bank Limited. (JPBL) from 78.95% to 82.17%.

Detailed Explanation:

Jio Financial Services Limited. (JFS) has raised its stake in Jio Payments Bank Limited. (JPBL) from 78.95% to 82.17%.

JFS has invested ₹68 crore by subscribing to 6.8 crore shares of JPBL.

The investment follows JFS’s recent approval from the Department of Economic Affairs, Ministry of Finance to increase its foreign investment cap to 49% of its total equity on a fully diluted basis.

20) Answer: A

Short Explanation:

Food delivery major Zomato has completed the acquisition of Paytm’s event ticketing subsidiaries Wasteland Entertainment Private Limited (WEPL) and Orbgen Technologies Private Limited (OTPL).

The acquisition deal was valued at ₹2,048 crore.

Detailed Explanation:

The acquisition deal was valued at ₹2,048 crore.

OTPL operates the TicketNew platform.

WEPL operates the Insider platform.

As part of the deal, Zomato has acquired a 100% stake in OTPL and WEPL.

Employee Transfer:Approximately 280 employees from the entertainment ticketing business will transfer to Zomato as part of the acquisition.

Strategic Focus:Paytm aims to concentrate on its payments and financial services distribution segment following the sale.

Zomato’s Expansion:The acquisition signifies Zomato’s strategic move to diversify its business beyond food delivery.

This follows Zomato’s previous investments in the quick commerce segment.

On August 1,2024 Zomato announced plans to launch an app called District for the going-out business.

21) Answer: C

Short Explanation:

The Competition Commission of India (CCI) has approved the proposed combination involving Reliance Industries Limited (RIL), Viacom18 Media Private Limited (Viacom18), Digital18 Media Limited, Star India Private Limited (SIPL), and Star Television Productions Limited (STPL).

Detailed Explanation:

The approval is subject to compliance with voluntary modifications.

RIL: Engaged in various sectors including oil and gas exploration, petroleum refining, petrochemicals, chemicals, organized retail, media and entertainment, and telecommunications.

Viacom18: Operates in broadcasting TV channels, running an OTT platform, selling advertisement space, licensing merchandise, and organizing live events.

SIPL: Involved in TV broadcasting, AV content and motion picture production, OTT platform operations, and advertising space sales. SIPL is a wholly owned entity of TWDC.

STPL: A company incorporated in the British Virgin Islands and indirectly owned by TWDC.

22) Answer: C

Short Explanation:

Fatemeh Mohajerani has been appointed as Iran’s first female government spokesperson, marking a historic first for the country.

Detailed Explanation:

Fatemeh Mohajerani has been appointed as Iran’s first female government spokesperson, marking a historic first for the country.

Alongside Mohajerani’s appointment, Farzaneh Sadeq Malvajard has been approved as the Minister of Roads and Urban Development, becoming the second woman minister in Iran post the 1979 Islamic Revolution.

Elias Hazrati, a former member of the Iranian Parliament, has been appointed as the Chairman of the Government’s Information Council.

23) Answer: B

Short Explanation:

B Srinivasan, a senior IPS officer, has been appointed as the Director General (DG) of the National Security Guard (NSG).

Detailed Explanation:

B Srinivasan, a senior IPS officer, has been appointed as the Director General (DG) of the National Security Guard (NSG).

His appointment is effective from the date of joining the post and will continue until August 31, 2027, which is his date of superannuation.

Srinivasan will take over as DG of NSG following the departure of Nalin Prabhat, who is being deputed as Special Director General of Police in Jammu and Kashmir.

Nalin Prabhat, a 1992 batch IPS officer of the Andhra Pradesh cadre, will assume the role of Special DG in Jammu and Kashmir after the retirement of RR Swain on September 30.

24) Answer: B

About Zeta :

Founded : 2015

Headquarters : Mumbai, Maharashtra

CEO : Bhavin Turakhia

25) Answer: B

The Reserve Bank of India (RBI) has imposed a monetary penalty on Mahoba Urban Co-operative Bank Ltd., Mahoba, Uttar Pradesh, Uttarkashi Zila Sahkari Bank Ltd., Uttarkashi, U. P. Postal Primary Co-operative Bank Ltd., Lucknow.

Mahoba Urban Co-operative Bank Ltd., Mahoba, Uttar Pradesh:

Penalty Amount: ₹8.00 lakh

Reason:

Contravention of section 26A(2) read with section 56 of the Banking Regulation Act, 1949 (BR Act).

Uttarkashi Zila Sahkari Bank Ltd., Uttarkashi:

Penalty Amount: ₹2.00 lakh

Reason:

Contravention of section 20(1) and section 26A(2) read with section 56 of the Banking Regulation Act, 1949 (BR Act).

U.P. Postal Primary Co-operative Bank Ltd., Lucknow

Penalty Amount: ₹3.00 lakh

Violation:

Non-compliance with specific directions issued by RBI under the Supervisory Action Framework (SAF).

This post was last modified on September 2, 2024 1:07 pm

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Daily Current Affairs Quiz – 30th August 2024

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