Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2024 of 02nd 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) According to data from the Reserve Bank of India (RBI), the listed private non-financial enterprises' annual sales growth rate decreased to what percentage in FY 2023–24 from 19.8% in FY 2023?

(a) 4.7%

(b) 4.8%

(c) 4.9%

(d) 4.6%

(e) 4.5%

2) To reduce the burden of compliance for insolvency practitioners and improve the efficiency of the liquidation process, the Insolvency and Bankruptcy Board of India (IBBI) has introduced a series of electronic forms under the Insolvency and Bankruptcy Code (IBC). When was the deadline for Insolvency Professionals (IPs) managing active cases to submit these forms?

(a) July 31, 2024

(b) August 31, 2024

(c) September 30, 2024

(d) December 31, 2024

(e) November 30,2024

3) In the second quarter of 2024, Vietnam's GDP increased by 6.93% year over year, to rise from what percentage in the first quarter?

(a) 5.87%

(b) 5.85%

(c) 5.84%

(d) 5.88%

(e) 5.89%

4) On June ___________, 2024, on Statistics Day, Dr. Arvind Panagariya, the Chairman of the 16th Finance Commission of India, introduced the eSankhyiki webpage.

(a) 28th

(b) 27th

(c) 29th

(d) 30th

(e) 26th

5) In the Mutual Evaluation undertaken by the Financial Action Task Force (FATF) between 2023 and 2024, India has demonstrated exceptional progress in the'regular follow-up' category. Which nation endorsed the Mutual Evaluation Report at the FATF plenary?

(a) Germany

(b) Canada

(c) Netherland

(d) Switzerland

(e) Singapore

6) On June 28, 2024, the Russian Federation chaired the 10th Meeting of the BRICS Environment Ministers, which was organized under a hybrid format. How many new members were present at this first meeting?

(a) 4

(b) 5

(c) 6

(d) 7

(e) 3

7) As per July report, an Union Minister Shri Shivraj Singh Chouhan inaugurated a web platform for speedier bank payments of interest subvention claims under Agriculture Infrastructure, accompanied with which blog site to amplify Indian farmers' voices?

(a) Krishi Katha

(b) Indofarm

(c) KisaanMitrr

(d) AgriBegri

(e) Dhanuka

8) In July report, How many initiatives will Union Ministers of State for Health and Family Welfare, Shri Prataprao Ganpatrao Jadhav and Smt. Anupriya Singh Patel, reveal at the Ayushman Bharat Quality Health event?

(a) 2

(b) 3

(c) 4

(d) 5

(e) 6

9) As per the report, the Tamil Nadu (TN) Legislative Assembly passed a Bill that strengthens penalties for offenses using illegal liquors such as denatured spirits and methanol. The Bill proposes to modify the Tamil Nadu Prohibition Act of which year?

(a) 1932

(b) 1935

(c) 1937

(d) 1939

(e) 1938

10) The Tamil Nadu (TN) Assembly passed an amendment to the State Commission for the Scheduled Castes and Scheduled Tribes Act, 2021, raising the age restriction for the Chief of the Commission from what age to 75?

(a) 60years

(b) 65years

(c) 70years

(d) 72years

(e) 68years

11) On June 30, 2024, General Upendra Dwivedi assumed command of the Indian Army as the ______- Chief of the Army Staff (COAS). General Manoj Pande, who had served for more than 40 years, retired, and he took his place.

(a) 27th

(b) 28th

(c) 29th

(d) 30th

(e) 26th

12) Who has been named the new chairman of the Income Tax Department's administrative body, the Central Board of Direct Taxes (CBDT)?

(a) Ravi Agrawal

(b) Anil Agrawal

(c) Mahesh Agrawal

(d) Varun Agrawal

(e) Karthik Agrawal

13) Sujata Saunik, a senior Indian Administrative Service (IAS) official, assumed the role of Chief Secretary (CS) for Maharashtra, making history as the first female to occupy this office. Since the state of Maharashtra was created in 1960, she has served as its __________ CS.

(a) 42nd

(b) 43rd

(c) 44th

(d) 45th

(e) 48th

14) What percentage of American co-working space company WeWork's India unit was allowed for sale to Real Trustee Advisory Company by the Competition Commission of India (CCI)?

(a) 25%

(b) 27%

(c) 29%

(d) 26%

(e) 24%

15) Which company plans to set up an artificial intelligence (AI) cluster in Gujarat's GIFT City for Banking, Financial Services, and Insurance (BFSI) units?

(a) TCS

(b) Infosys

(c) HCL

(d) IBM

(e) Tech Mahindra

16) In July report, How many years has the Basketball Federation of India (BFI) signed a contract with ACG Sports Limited to secure Rs. 216.30 crore to host the National Star Basketball League for men and women?

(a) 2years

(b) 7years

(c) 6years

(d) 5years

(e) 3years

17) Which government executed a Memorandum of Understanding (MoU) to use the NFS's experience to improve the criminal justice system in their state with the National Forensic Science University (NFSU)?

(a) Haryana

(b) Jharkhand

(c) Sikkim

(d) West Bengal

(e) Tripura

18) According to the July report, Red Bull's Max Verstappen won the ____________ Grand Prix sprint race by effectively fighting off a McLaren charge early on.

(a) Spanish

(b) Austrian

(c) French

(d) Mexican

(e) Hungarian

19) World UFO Day is observed annually on _____________ in order to bring attention to extraterrestrial life forms and Unidentified Flying Objects (UFOs) that have been seen in various regions of the world.

(a) July 3rd

(b) July 2nd

(c) July 1st

(d) June 30th

(e) June 29th

20) Every year on July 2nd, the world observes World Sports Journalists Day. Which year did the A.I.P.S. establish World Sports Journalists Day?

(a) 1992

(b) 1994

(c) 1996

(d) 1995

(e) 1990

Answers :

1) Answer: A

Short Explanation:

The Reserve Bank of India’s (RBI) data showed the annual sales growth rate of listed private non-financial companies slowed to 4.7% in FY 2023-24 from 19.8% in FY2023.

The analysis is based on the financial results of 3,281 listed non-government non-financial companies.

Detailed Explanation:

The Reserve Bank of India’s (RBI) data showed the annual sales growth rate of listed private non-financial companies slowed to 4.7% in FY 2023-24 from 19.8% in FY2023.

The analysis is based on the financial results of 3,281 listed non-government non-financial companies.

Expenditure Analysis:

Input Costs: Easing input cost pressures and low sales growth kept overall expenses on raw materials unchanged from FY2022-23 for manufacturing companies.

Staff Costs: Increased by 10.8% for manufacturing, 6.6% for IT, and 15.6% for non-IT services companies.

2) Answer: C

Short Explanation:

The Insolvency and Bankruptcy Board of India (IBBI) has launched a set of electronic forms under the Insolvency and Bankruptcy Code (IBC), to ease the compliance burden for insolvency professionals, and enhance the effectiveness of the liquidation process.

The new circular, issued by the IBBI, introduces forms LIQ 1 to LIQ 4, covering different stages of the liquidation process.

Compliance Deadline: IPs handling ongoing cases are directed to file these forms by September 30, 2024.

Detailed Explanation:

The Insolvency and Bankruptcy Board of India (IBBI) has launched a set of electronic forms under the Insolvency and Bankruptcy Code (IBC), to ease the compliance burden for insolvency professionals, and enhance the effectiveness of the liquidation process.

These forms are crucial for the liquidation process under the IBC, as they facilitate systematic and transparent record-keeping and seamless reporting.

The new circular, issued by the IBBI, introduces forms LIQ 1 to LIQ 4, covering different stages of the liquidation process.

Presently, the Insolvency Professionals (IPs) submit the details regarding the liquidation process, to the board through emails, which is time-consuming and inefficient.

Form Details :

LIQ 1 includes details from the commencement of liquidation to the public announcement.

LIQ 2 captures information from the public announcement to the progress report, including valuation, sale, and receipts.

LIQ 3 focuses on the period from the last progress report to the application for dissolution

LIQ 4 deals with the distribution of proceeds and other final details post-dissolution order.

Filing Requirements: IPs must adhere to specific timelines for filing:

LIQ 1: By the 10th day of the subsequent month after public announcement.

LIQ 4: Within 14 days of the dissolution order.

Benefits: Implementation of these forms aims to minimise errors, enhance transparency, and provide more reliable information for smoother liquidation processes.

Compliance Deadline: IPs handling ongoing cases are directed to file these forms by September 30, 2024.

3) Answer: A

Short Explanation:

Vietnam's Gross Domestic Product (GDP) grew by 6.93% year-on-year in the second quarter of this year(2024), accelerating from 5.87% in the first quarter.

Exports and Industrial Production: Exports increased by 14.5% year-on-year to $190 billion in the first half of the year. Industrial production also rose by 10.9% compared to the previous year.

Detailed Explanation:

Vietnam's Gross Domestic Product (GDP) grew by 6.93% year-on-year in the second quarter of this year(2024), accelerating from 5.87% in the first quarter.

Exports and Industrial Production: Exports increased by 14.5% year-on-year to $190 billion in the first half of the year. Industrial production also rose by 10.9% compared to the previous year.

Government Targets: The government aims for GDP growth between 6.0% to 6.5% for the year, with policies focused on stimulating economic activity.

Inflation: Inflationary pressures are significant, with consumer prices rising by 4.32% in June compared to a year earlier, nearing the government's annual target ceiling of 4.5%.

 Average consumer prices for the first half of the year rose by 4.08% year-on-year.

Government Measures: To support economic growth, the government has increased base salaries for state employees by 30% and pensions for retirees by 15% starting July 1,2024 which is expected to contribute to inflationary pressures.

4) Answer: C

Short Explanation:

The Ministry of Statistics and Programme Implementation (MoSPI) is the leading body responsible for the integrated development of India's national statistical system, aligning it with global standards and practices.

Launch: The eSankhyiki portal was launched on Statistics Day, 29th June 2024, by Dr. Arvind Panagariya, Chairman of the 16th Finance Commission of India.

Detailed Explanation:

The Ministry of Statistics and Programme Implementation (MoSPI) is the leading body responsible for the integrated development of India's national statistical system, aligning it with global standards and practices.

eSankhyiki Portal Overview:

Purpose: To provide real-time data for planners, policy-makers, researchers, and the public, facilitating a comprehensive data management and sharing system for official statistics.

Access: Available at eSankhyiki Portal.

Launch: The eSankhyiki portal was launched on Statistics Day, 29th June 2024, by Dr. Arvind Panagariya, Chairman of the 16th Finance Commission of India.

Theme: Aligns with the Statistics Day theme, 'Use of data for Decision making', emphasising the importance of data accessibility for evidence-based decisions.

User Focus: Designed as a user-centric data portal to facilitate data usage and reusability, enhancing impact through value addition and analysis.

5) Answer: E

Short Explanation:

India has achieved remarkable success in the Mutual Evaluation conducted by the Financial Action Task Force (FATF) during 2023-24.

The Mutual Evaluation Report, adopted in the FATF plenary in Singapore categorizes India under the 'regular follow-up' category—a distinction shared by only four other G20 nations.  This achievement marks a significant milestone in India's efforts to combat money laundering (ML) and terrorist financing (TF).

Detailed Explanation:

India has achieved remarkable success in the Mutual Evaluation conducted by the Financial Action Task Force (FATF) during 2023-24.

The Mutual Evaluation Report, adopted in the FATF plenary in Singapore categorizes India under the 'regular follow-up' category—a distinction shared by only four other G20 nations.  This achievement marks a significant milestone in India's efforts to combat money laundering (ML) and terrorist financing (TF).

FATF Mutual Evaluation: India placed in the 'regular follow-up' category during 2023-24 evaluation.

Achievement Significance: Shared distinction with only four other G20 countries.

What is Money laundering?

Money laundering is the process of hiding the source of money obtained from illegal sources and converting it to a clean source, thereby avoiding prosecution, conviction, and confiscation of the criminal funds.

What is Terrorism Financing?

Terrorism Financing involves the raising and processing of funds to supply terrorists with resources.

6) Answer: B

Short Explanation:

The 10th Meeting of BRICS Environment Ministers took place on 28th June 2024, chaired by the Russian Federation in a hybrid format.

Union Minister of Environment, Forest, and Climate Change, Shri Bhupender Yadav, participated virtually.

This marked the first meeting with the inclusion of five new members: Egypt, Ethiopia, Iran, the United Arab Emirates, and Saudi Arabia.

Detailed Explanation:

The 10th Meeting of BRICS Environment Ministers took place on 28th June 2024, chaired by the Russian Federation in a hybrid format.

Union Minister of Environment, Forest, and Climate Change, Shri Bhupender Yadav, participated virtually.

This marked the first meeting with the inclusion of five new members: Egypt, Ethiopia, Iran, the United Arab Emirates, and Saudi Arabia.

Event: 10th Meeting of BRICS Environment Ministers, chaired by Russia on 28th June 2024.

Participants: Union Minister Bhupender Yadav attended virtually.

New Members: Egypt, Ethiopia, Iran, UAE, and Saudi Arabia joined.

India's Actions:

National and international environmental initiatives.

Call for support on campaigns and global initiatives.

Cooperation Among BRICS:

Strengthening collaboration and multilateral engagement.

Upholding principles of equity and CBDR-RC.

7) Answer: A

Short Explanation:

Union Minister for Agriculture and Farmers’ Welfare and Rural Development, Shri Shivraj Singh Chouhan, has launched a web portal developed in collaboration with the Department of Agriculture and Farmers’ Welfare (DA&FW) and NABARD.

This portal is designed to automate and expedite the settlement of interest subvention claims submitted by banks under the Agriculture Infrastructure Fund (AIF).

Krishi Katha Blogsite:

Purpose: Digital platform for showcasing the voices of Indian farmers.

Content: Experiences, insights, and success stories of farmers.

Objective: Comprehensive and immersive storytelling space celebrating India’s agricultural community.

Detailed Explanation:

Union Minister for Agriculture and Farmers’ Welfare and Rural Development, Shri Shivraj Singh Chouhan, has launched a web portal developed in collaboration with the Department of Agriculture and Farmers’ Welfare (DA&FW) and NABARD.

This portal is designed to automate and expedite the settlement of interest subvention claims submitted by banks under the Agriculture Infrastructure Fund (AIF).

Krishi Katha Blogsite:

Purpose: Digital platform for showcasing the voices of Indian farmers.

Content: Experiences, insights, and success stories of farmers.

Objective: Comprehensive and immersive storytelling space celebrating India’s agricultural community.

AIF Scheme Details

Launch: 2020

Objective: Develop post-harvest management infrastructure to reduce losses, improve value realization for farmers, foster innovation, and attract investments in agricultural infrastructure.

Funding: Total outlay of ₹1 lakh crore through banks and financial institutions up to 2025-26.

Benefits:

3% interest subvention on loans up to ₹2 crore for a maximum of 7 years.

Reimbursement of credit guarantee fee paid by banks.

8) Answer: B

Short Explanation:

Detailed Explanation:

Union Ministers of State for Health and Family Welfare, Shri Prataprao Ganpatrao Jadhav and Smt. Anupriya Singh Patel, unveiled three significant initiatives at the आयुष्मानभारत, गुणवत्तस्वास्थ्य (Ayushman Bharat Quality  Health) event.

These initiatives aim to enhance healthcare service quality and ease of doing business in India.

Key Initiatives Launched

Virtual National Quality Assurance Standards (NQAS) Assessment:

Target: Ayushman Arogya Mandirs (AAM)

Purpose: To ensure and monitor quality standards in healthcare facilities.

Monitoring Dashboard:

Function: Assists national, state, and district health institutions in monitoring compliance with Indian Public Health Standards (IPHS).

Purpose: Enables quick compliance checks and timely actions.

Spot Food Licence and Registration Initiative:

System: Launched through the Food Safety and Compliance System (FoSCoS).

Functionality: Instant issuance of licenses and registrations for food vendors.

Platform: FoSCoS, a pan-India IT platform designed for food safety regulatory needs.

Purpose: Simplifies licensing and registration processes, enhancing user experience.

Additional Release

NQAS for Integrated Public Health Laboratories (IPHL): Ensures quality standards in public health laboratories.

9) Answer: C

Short Explanation:

The Tamil Nadu (TN) Legislative Assembly adopted a Bill that makes punishment more stringent for offences pertaining to prohibited liquor such as denatured spirits and methanol.

The Bill aims to amend the Tamil Nadu Prohibition Act, 1937, to impose stricter punishments for offences related to prohibited liquor, particularly in cases where consumption results in death.

Detailed Explanation:

The Tamil Nadu (TN) Legislative Assembly adopted a Bill that makes punishment more stringent for offences pertaining to prohibited liquor such as denatured spirits and methanol.

The Bill aims to amend the Tamil Nadu Prohibition Act, 1937, to impose stricter punishments for offences related to prohibited liquor, particularly in cases where consumption results in death.

Stringent Punishments:Death due to Consumption: Rigorous imprisonment for life and a fine of not less than ₹10 lakh for those involved in the sale or distribution of illicit liquor leading to death.

Other Offences: Maximum rigorous imprisonment of seven years and a fine ranging from ₹2 lakh to ₹3 lakh for certain other offences related to illicit liquor.

Sealing: Unlicensed places used for liquor consumption will be sealed.

Legislative Process: The Bill was introduced by Prohibition Minister S Muthusamy and later passed by the Tamil Nadu Legislative Assembly.

10) Answer: C

Short Explanation:

The Tamil Nadu (TN) Assembly approved an amendment to the State Commission for the Scheduled Castes and Scheduled Tribes Act, 2021 enhancing the age limit for the Chief of the Commission from 70 to 75 years.

Purpose: This change aims to utilize the expertise of experienced former judges of the High Court for the role.

Land Reforms Amendment:The Assembly also passed a Bill to amend the Land Reforms (Fixation of Ceiling on Land) Act,1961.

Detailed Explanation:

The Tamil Nadu (TN) Assembly approved an amendment to the State Commission for the Scheduled Castes and Scheduled Tribes Act, 2021 enhancing the age limit for the Chief of the Commission from 70 to 75 years.

Purpose: This change aims to utilize the expertise of experienced former judges of the High Court for the role.

Land Reforms Amendment:The Assembly also passed a Bill to amend the Land Reforms (Fixation of Ceiling on Land) Act,1961.

Gender Equality: The amendment provides unmarried women with rights equal to those of unmarried men concerning land ownership, promoting gender equality.

Merger of Village Panchayats:Public Hearings: Minister for Municipal Administration K.N. Nehru announced that a committee would conduct public hearings on the merger of village panchayats with urban local bodies.

This initiative involves secretaries from the Municipal Administration and Rural Development departments.

Other Legislative Actions:Urban Local Bodies Bills: The Assembly adopted two Bills concerning urban local bodies.

Total Bills Passed: 10 other Bills were also passed during this session, and the Assembly adjourned sine die.

11) Answer: D

Short Explanation:

General Upendra Dwivedi took over as the 30th Chief of the Army Staff (COAS) of the Indian Army on June 30, 2024.

He succeeded General Manoj Pande, who retired after over four decades of service.

Lieutenant General NS Raja Subramani has assumed the appointment of the Vice Chief of Army Staff

Detailed Explanation:

General Upendra Dwivedi took over as the 30th Chief of the Army Staff (COAS) of the Indian Army on June 30, 2024.

He succeeded General Manoj Pande, who retired after over four decades of service.

Lieutenant General NS Raja Subramani has assumed the appointment of the Vice Chief of Army Staff

Lt. Gen. Dwivedi was commissioned into the Infantry (Jammu & Kashmir Rifles) of the Army on December 15, 1984.

His Command appointments include Command of Regiment (18 Jammu & Kashmir Rifles), Brigade (26 Sector Assam Rifles), DIG, Assam Rifles (East) and 9 Corps.

He has held important appointments including that of Director General Infantry and General Officer Commanding in Chief, Northern Command) from 2022-2024

He has vast operational experience along the frontiers with China and Pakistan, and was serving as the Vice Chief of the Army on February 19,2024.

He was serving as the General Officer Commanding-in-Chief of Northern Command from 2022-2024.

12) Answer: A

Short Explanation:

Ravi Agrawal, a 1988-batch Indian Revenue Service (IRS) officer, has been appointed as the new chairman of the Central Board of Direct Taxes (CBDT), the administrative body for the Income Tax Department.

Agrawal was appointed as the Chairman from July 1, 2024 till his superannuation on September 30, 2024 and subsequently on contract basis till June 30, 2025.

Detailed Explanation:

Ravi Agrawal, a 1988-batch Indian Revenue Service (IRS) officer, has been appointed as the new chairman of the Central Board of Direct Taxes (CBDT), the administrative body for the Income Tax Department.

Agrawal was appointed as the Chairman from July 1, 2024 till his superannuation on September 30, 2024 and subsequently on contract basis till June 30, 2025.

Effectively, he will remain the chairman of the body for one year.

The new CBDT chief is currently working as member (administration) in the board.

He takes over from Nitin Gupta, a 1986-batch IRS officer, whose extended tenure as the chairman ends on June 30,2024.

Gupta was appointed as the CBDT chief in June, 2022.

13) Answer: D

Short Explanation:

Senior Indian Administrative Service (IAS) officer Sujata Saunik took over as Maharashtra’s Chief Secretary (CS), becoming the first woman to hold this position in the state's history.

She will be the 45th CS of Maharashtra since 1960, when the state came into being.

Saunik succeeds Nitin Kareer, who retired from the position.

Detailed Explanation:

Senior Indian Administrative Service (IAS) officer Sujata Saunik took over as Maharashtra’s Chief Secretary (CS), becoming the first woman to hold this position in the state's history.

She will be the 45th CS of Maharashtra since 1960, when the state came into being.

Saunik succeeds Nitin Kareer, who retired from the position.

She will serve a one-year tenure before retiring in June, 2025.

Chief Minister Eknath Shinde and Deputy Chief Minister Devendra Fadnavis reportedly unanimously appointed Saunik for the role.

The transition ceremony took place at Mantralaya, the State Secretariat in Mumbai, where Nitin Kareer formally handed over the charge to Saunik.

14) Answer: B

Short Explanation:

The Competition Commission of India (CCI) approved American co-working space firm WeWork’s entire 27% stake in its India unit to be sold to Real Trustee Advisory Company.

Deal Structure:The deal involves a two-step process where WeWork Inc and Embassy Group will collectively sell about 40% stake in the Indian co-working unit.

Detailed Explanation:

The Competition Commission of India (CCI) approved American co-working space firm WeWork’s entire 27% stake in its India unit to be sold to Real Trustee Advisory Company.

Deal Structure:The deal involves a two-step process where WeWork Inc and Embassy Group will collectively sell about 40% stake in the Indian co-working unit.

This transaction will result in WeWork exiting the Indian market.

Ownership Details:Embassy Group holds a majority 72.5% stake in WeWork India.

1 Ariel Way Limited, WeWork's UK subsidiary, holds the remaining stake.

WeWork India Operations:Started in 2017.

Operates over 8 million square feet of assets across 54 locations in New Delhi, Bengaluru, Mumbai, Gurugram, Noida, Pune, and Hyderabad.

Previous Investment:In June 2021, WeWork Global invested $100 million in WeWork India for a 27% stake.

15) Answer: D

Short Explanation:

IBM is set to establish an Artificial Intelligence (AI) cluster for Banking, Financial Services, and Insurance (BFSI) units in GIFT City, Gujarat.

This initiative aims to enable BFSI units to experiment with and scale AI capabilities.

Detailed Explanation:

IBM is set to establish an Artificial Intelligence (AI) cluster for Banking, Financial Services, and Insurance (BFSI) units in GIFT City, Gujarat.

This initiative aims to enable BFSI units to experiment with and scale AI capabilities.

Key Initiatives

AI Cluster by IBM:

Location: GIFT City, Gujarat

Purpose: Facilitate AI experimentation and scaling for BFSI units.

AI Centre of Excellence:

Collaborators: Gujarat government, Microsoft, and Nasscom.

Focus Areas:

Development of sector-specific AI use cases.

Secure data exchange.

Infrastructure setup.

AI model training.

Pilot projects.

Adoption of AI models across various sectors.

Capacity-Building Programme:

Target: 25,000 students.

Objective: Train and certify students in AI and IT/ITeS skills to boost employability in the digital economy.

STEM Workshop:

Target: 10,000 high school students.

Location: Science City.

Purpose: Promote STEM education and skills.

16) Answer: B

Short Explanation:

The Basketball Federation of India (BFI) has signed a seven-year deal with ACG Sports Limited, securing Rs. 216.30 crore to host the National Star Basketball League for both men and women.

The agreement allocates Rs. 20.6 crore annually for the 5x5 format and Rs. 10.3 crore for the 3x3 format.

Detailed Explanation:

The Basketball Federation of India (BFI) has signed a seven-year deal with ACG Sports Limited, securing Rs. 216.30 crore to host the National Star Basketball League for both men and women.

The agreement allocates Rs. 20.6 crore annually for the 5x5 format and Rs. 10.3 crore for the 3x3 format.

Key Points of the Deal

Duration: Seven years

Total Financial Commitment: Rs. 216.30 crore

Annual Breakdown:

5x5 Format: Rs. 20.6 crore

3x3 Format: Rs. 10.3 crore

League Ownership: BFI will retain 100% ownership, reinvesting revenue into developmental projects.

Strategic Initiatives

Collaboration with NBA: BFI President Aadhav Arjuna toured the USA to establish collaborations with the NBA for the enhancement of Indian basketball.

17) Answer: A

Short Explanation:

A Memorandum of Understanding (MoU) was signed between the Government of Haryana and the National Forensic Science University (NFSU), Gandhinagar, in Panchkula, Haryana.

This collaboration aims to enhance the criminal justice system in Haryana by leveraging the expertise of NFSU.

Detailed Explanation:

A Memorandum of Understanding (MoU) was signed between the Government of Haryana and the National Forensic Science University (NFSU), Gandhinagar, in Panchkula, Haryana.

This collaboration aims to enhance the criminal justice system in Haryana by leveraging the expertise of NFSU.

Mandate: Forensic team visits for offences punishable by 7 years or more, increasing the demand for forensic experts.

NFSU Expansion:

Current: Campuses in 9 states

Future: Expand to 16 states

Aim: Train manpower and improve crime-solving and conviction rates.

NFSU Roles:

Educate and prepare skilled manpower.

Strengthen forensic infrastructure nationwide.

18) Answer: B

Short Explanation:

Max Verstappen of Red Bull secured victory in the Austrian Grand Prix sprint race, successfully defending against an early challenge from McLaren.

This win, achieved from pole position, extends Verstappen's lead in the Formula One championship to 71 points.

Detailed Explanation:

Max Verstappen of Red Bull secured victory in the Austrian Grand Prix sprint race, successfully defending against an early challenge from McLaren.

This win, achieved from pole position, extends Verstappen's lead in the Formula One championship to 71 points.

Key Race Details

Winner: Max Verstappen (Red Bull)

Lead Extension: 71 points in the championship

Second Place: Australian Oscar Piastri (McLaren), finished 4.616 seconds behind

Third Place: Lando Norris (McLaren), Verstappen’s closest championship rival

Race Dynamics

Early Challenge: Norris overtook Verstappen at turn three on the fifth lap of 23.

Lead Recovery: Verstappen regained the lead at turn four, surpassing both Norris and Piastri.

19) Answer: B

Short Explanation:

Every year on July 2nd, World UFO Day is commemorated to raise awareness about Unidentified Flying Objects (UFO) spotted in several parts of the world and alien life forms.

July 2 is celebrated as World UFO Day to commemorate the supposed UFO crash incident in Roswell New Mexico in 1947.

Detailed Explanation:

Every year on July 2nd, World UFO Day is commemorated to raise awareness about Unidentified Flying Objects (UFO) spotted in several parts of the world and alien life forms.

In 1561, A broadsheet reported widespread sightings of a celestial phenomenon over Nuremberg.

In 1561, the term ‘UFO’ for Unidentified Flying Object was coined by US Air Force officer Edward Ruppelt.

On September 10, 1993, the Science fiction drama television series "The X-Files" debuts on Fox.

July 2 is celebrated as World UFO Day to commemorate the supposed UFO crash incident in Roswell New Mexico in 1947.

20) Answer: B

Short Explanation:

World Sports Journalists Day is observed globally on 2nd July every year to acknowledge the work of sports journalists & to encourage them to do better at their work.

In 1924, the International Sports Press Association was founded in Paris, France during the Olympic Games.

In 1994, World Sports Journalists Day was created by the A.I.P.S.

Detailed Explanation:

World Sports Journalists Day is observed globally on 2nd July every year to acknowledge the work of sports journalists & to encourage them to do better at their work.

From 1820 to the 1830s, Sports Journalism Took Off, and the era of sports journalism began.

In 1883, the first full-time newspaper sports department was created in the “New York World.”

In 1924, the International Sports Press Association was founded in Paris, France during the Olympic Games.

In 1994, World Sports Journalists Day was created by the A.I.P.S.