Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2024 of 04th 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.

 

Start Quiz

 

1) The Reserve Bank of India proposes streamlining the rules that regulate import and export transactions. How many months must pass between the date of goods shipment and the date of service invoice before the total export value of the items is realized and repatriated to India?

(a) 3months

(b) 1month

(c) 6months

(d) 9months

(e) 12months

2) According to the Reserve Bank of India (RBI), how many non-banking financial organizations (NBFCs) have surrendered their certificates of registration (CoR)?

(a) 7

(b) 8

(c) 9

(d) 11

(e) 6

3) In July 2024, the State Bank of India introduced MSME-Sahaj, a web-based digital business loan solution for Micro, Small, and Medium Enterprises invoice financing. MSME Sahaj is a data-driven invoice financing credit assessment engine that will provide an end-to-end solution, including loan application, paperwork, and payout, in how many minutes with no human intervention? 

(a) 10minutes

(b) 15minutes

(c) 20minutes

(d) 30minutes

(e) 5minutes

4) As per the report, Zomato Financial Services, Zomato's wholly-owned subsidiary, has withdrawn its application for a non-banking financial company (NBFC) license from the Reserve Bank of India (RBI). In which year was the application for the NBFC license submitted?

(a) 2020

(b) 2021

(c) 2022

(d) 2023

(e) 2019

5) The government has kept the current interest rates for small savings schemes constant for the second quarter of fiscal year 2024-25. Which committee makes recommendations on interest rates for small savings schemes?

(a) Verma

(b) Khan

(c) Shyamala Gopinath

(d) Nayak

(e) Bimal Jalan

6) According to the July 2024 report, which bank has established an online collecting system for direct taxes, allowing its clients and others to effortlessly pay taxes across India?

(a) DBS bank

(b) Bandhan bank

(c) CSB bank

(d) Federal bank

(e) South Indian bank

7) Which ministry launched the "Noble Initiative for Rewarding Mains Aspirants of National Civil Services Examination (NIRMAN)" platform to assist deserving young people from its functioning areas who have qualified for the UPSC Preliminary examinations in 2024?

(a) Education

(b) Coal & mines

(c) Home Affairs

(d) Civil Aviation

(e) Corporate affairs

8) As per the report, External Affairs Minister S. Jaishankar will represent India at the SCO Council of Heads of State on July 3-4, replacing Prime Minister Narendra Modi. Where was the SCO conference held?

(a) Afghanistan

(b) Iran

(c) Italy

(d) Kazakhstan

(e) Germany

9) According to the July 2024 report, India led the 'Colombo Process' conference at the Permanent Representative level in Geneva. The Colombo Process is a Regional Consultative Process that involves how many Asian Member States are primarily areas of origin for migrant workers?

(a) 11

(b) 10

(c) 9

(d) 13

(e) 12

10) A multi-state epidemic of the ______________ virus in dairy cows and human illnesses have prompted the U.S. government to award Moderna $176 million to further research its bird flu vaccine.

(a) H5N1

(b) H4N1

(c) H3N1

(d) H1N1

(e) H2N1

11) The _______ edition of the Locarno Film Festival in Locarno, Switzerland, is scheduled to honour Bollywood megastar Shah Rukh Khan with the coveted Pardo alla Carriera.

(a) 75th

(b) 77th

(c) 76th

(d) 78th

(e) 79th

12) The Weapon Systems School (WSS) at Air Force Station Begumpet in Hyderabad was officially opened by Chief Air Chief Marshal V.R. Chaudhari of the Indian Air Force (IAF). How many streams are there in the new Weapon System branch?

(a) 3

(b) 4

(c) 5

(d) 6

(e) 7

13) The 16th iteration of India-Mongolia Joint Military Exercise NOMADIC ELEPHANT was held at the Foreign Training Node in Umroi, Meghalaya. In which year did the first edition take place in the Mongolian Armed Forces in Terelj, Mongolia?

(a) 2002

(b) 2004

(c) 2005

(d) 2006

(e) 2008

14) Which organization named Pawan Kapoor and TV Ravichandran as the new deputy members of its Council Secretariat team in July 2024?

(a) DRDO

(b) NABARD

(c) NSA

(d) IRDAI

(e) NTPC

15) As per the report, Naveen Chandra Jha has been appointed as the Managing Director (MD) and Chief Executive Officer (CEO) of SBI General Insurance. Whom does he succeed?

(a) Sandeep Kalra

(b) Nitin Rakesh

(c) CP Gurnani

(d) Ravi Kumar Singisetti

(e) Kishore Kumar Poludasu

16) With the news of a tentative agreement with Airbus, how many single-aisle aircraft would Cebu Pacific Air acquire, making this the largest jet acquisition in Philippine history?

(a) 150

(b) 151

(c) 152

(d) 153

(e) 154

17) In July 2024, the Tata Consultancy Services Ltd (TCS) shares increased slightly after announcing a ______ year title agreement with the Sydney Marathon in Australia.

(a) 1

(b) 2

(c) 3

(d) 4

(e) 5

18) As per a July 2024 report, George Russell won the 2024 Austrian Grand Prix for Mercedes, following a collision involving Red Bull's Max Verstappen and McLaren's Lando Norris. George Russell's victory was Mercedes' first since which year, hosted in Brazil?

(a) 2022

(b) 2021

(c) 2023

(d) 2018

(e) 2016

19) Which country's former cricketer invested in Bengaluru-based D2C nutrition business Supply6?

(a) Australia

(b) Srilanka

(c) India

(d) South Africa

(e) New Zealand

20) The 133rd edition of the Durand Cup, Asia's oldest football competition, will take place from July 27 to August 31,2024. Teams from the Indian Super League (ISL), the I-League, and other invitational leagues will be competing. Which city is home to Vivekananda Yuba Bharati Krirangan (VYBK) and the Durand Cup opening and final matches?

(a) Kokrajhar

(b) Shillong

(c) Jamshedpur

(d) Kolkata

(e) Mumbai

Answers :

1) Answer: D

Short Explanation:

The Reserve Bank of India (RBI) has proposed rationalisation of norms governing export and import transactions to promote ease of doing business and empower banks to deliver quicker and more efficient services to foreign exchange customers.

Repatriation Timeline: The full export value of goods must be realised and repatriated to India within 9 months from the date of shipment for goods and the date of invoice for services.

Detailed Explanation:

The Reserve Bank of India (RBI) has proposed rationalisation of norms governing export and import transactions to promote ease of doing business and empower banks to deliver quicker and more efficient services to foreign exchange customers.

Exporter Declaration Requirement: Every exporter must furnish a declaration specifying the full export value of goods or services.

Repatriation Timeline: The full export value of goods must be realised and repatriated to India within 9 months from the date of shipment for goods and the date of invoice for services.

Draft Regulations under FEMA: The proposed changes were part of draft regulations released by the RBI under the Foreign Exchange Management Act (FEMA),1999.

The central bank sought comments on these draft norms by September 1, 2024.

2) Answer: C

Short Explanation:

The Reserve Bank of India (RBI) announced that 9 non-banking financial companies (NBFCs), including Ujjivan Financial Services, have surrendered their certificates of registration (CoR).

Detailed Explanation:

The Reserve Bank of India (RBI) announced that 9 non-banking financial companies (NBFCs), including Ujjivan Financial Services, have surrendered their certificates of registration (CoR).

Exit from Business : 5 of these NBFCs exited the non-banking financial institution business, leading to the surrender of their CoR.

These companies are:

Vigfin Holdings

Strip Commodeal

Allium Finance

EterniteFinvest

Fino Finance

Unregistered CIC Criteria: 3 NBFCs surrendered their CoR after meeting the criteria for unregistered Core Investment Companies (CICs) that do not require registration.

These companies are:

Allegro Holdings

Temple Trees Impex and Investment

Hem Financial Services

Amalgamation: Ujjivan Financial Services Limited surrendered its CoR as it ceased to be a legal entity due to amalgamation.

3) Answer: B

Short Explanation:

State Bank of India (SBI) has launched "MSME Sahaj," a web-based digital business loans solution focused on invoice financing for MSMEs (micro, small, and medium enterprises) under the Goods and Service Tax (GST) regime.

MSME Sahaj is a data-driven invoice financing credit assessment engine which will provide an end-to-end solution from applying for the loan, documentation and disbursement of the sanctioned loan within 15 minutes, without any manual intervention.

Detailed Explanation:

State Bank of India (SBI) has launched "MSME Sahaj," a web-based digital business loans solution focused on invoice financing for MSMEs (micro, small, and medium enterprises) under the Goods and Service Tax (GST) regime.

Purpose : To provide "on tap" short-term credit for working capital needs to GST-registered MSME units.

MSME Sahaj is a data-driven invoice financing credit assessment engine which will provide an end-to-end solution from applying for the loan, documentation and disbursement of the sanctioned loan within 15 minutes, without any manual intervention.

Web-Based Solution: Allows customers to avail finance against their GST-registered sales invoices up to ₹1 lakh in less than 15 minutes.

Data-Driven Approach: Uses a machine learning-based credit assessment engine leveraging authentic data from GST Identification Number (GSTIN), bank statements, and credit information companies (CICs).

4) Answer: C

Short Explanation:

Zomato Financial Services, a wholly-owned subsidiary of Zomato, has withdrawn its application for a non-banking financial company (NBFC) license with the Reserve Bank of India (RBI).

The company announced it does not plan to pursue lending in the future.

The application for the NBFC license was submitted on April 29, 2022.

Zomato Financial Services was incorporated in February 2022.

Detailed Explanation:

Zomato Financial Services, a wholly-owned subsidiary of Zomato, has withdrawn its application for a non-banking financial company (NBFC) license with the Reserve Bank of India (RBI).

The company announced it does not plan to pursue lending in the future.

The application for the NBFC license was submitted on April 29, 2022.

Zomato Financial Services was incorporated in February 2022.

The disclosure is made voluntarily.

Related Developments:Zomato Payment Private Limited (ZPPL), another subsidiary of Zomato, voluntarily surrendered its certificate of authorization from the RBI to operate as an online payment aggregator in May 2024. ZPPL was incorporated in 2021 to carry out payment aggregator business and issue prepaid payment instruments.

Zomato was reportedly in talks with multiple NBFCs to offer working capital loans to its partner restaurants before withdrawing the NBFC application.

This would be Zomato’s second-largest purchase since acquiring Blinkit in 2022 for $569 million in an all-stock deal.

5) Answer: C

Short Explanation:

The government has decided to keep the current interest rates for small savings schemes the same, for the period of 01, July to 30th September 2024, i.e. the second quarter (Q2) for the financial year (FY) 2024-25.

This means that the rates have remained unchanged from the first quarter of FY 2024-25.

Calculation of Interest Rates:Interest rates for small savings schemes are determined based on recommendations by the Shyamala Gopinath Committee.

According to the committee, these rates should be 25 to 100 basis points above the yields of corresponding government bonds.

Tax Benefits:Some small savings schemes come with tax benefits under Section 80C of the Income-tax Act of 1961.

Detailed Explanation:

The government has decided to keep the current interest rates for small savings schemes the same, for the period of 01, July to 30th September 2024, i.e. the second quarter (Q2) for the financial year (FY) 2024-25.

This means that the rates have remained unchanged from the first quarter of FY 2024-25.

The schemes include the

Kisan Vikas Patra (KVP): A savings certificate scheme with a maturity period.

Mahila Samman Savings Certificate: A savings scheme specifically for women.

Senior Citizen Savings Scheme (SCSS): A scheme for senior citizens with attractive interest rates.

Post Office Monthly Income Scheme (POMIS): A monthly income scheme offered by post offices.

Sukanya Samriddhi Yojana (SSY): A savings scheme targeted at the girl child.

Public Provident Fund (PPF): A long-term savings scheme with tax benefits.

National Savings Certificate (NSC): A fixed-income investment scheme.

Post Office Time Deposits (POTD-1,2,3 & 5 year tenure): Fixed deposit schemes offered by post offices with different maturity periods.

Calculation of Interest Rates:Interest rates for small savings schemes are determined based on recommendations by the Shyamala Gopinath Committee.

According to the committee, these rates should be 25 to 100 basis points above the yields of corresponding government bonds.

Tax Benefits:Some small savings schemes come with tax benefits under Section 80C of the Income-tax Act of 1961.

6) Answer: B

Short Explanation:

Bandhan Bank has launched a facility for online collection of direct taxes, enabling its customers and others to pay taxes seamlessly across India.

Detailed Explanation:

Bandhan Bank has launched a facility for online collection of direct taxes, enabling its customers and others to pay taxes seamlessly across India.

As an RBI-appointed agency bank, it also accepts offline payments through its 1,700 branches.

The service is available through internet banking, payment gateway, cash, cheque, or demand draft.

7) Answer: B

Short Explanation:

Union Minister for Coal and Mines, Shri G Kishan Reddy, inaugurated the "Noble Initiative for Rewarding Mains Aspirants of National Civil Services Examination (NIRMAN)" portal in New Delhi, a CSR initiative by Coal India Limited (CIL) to aid meritorious youth from its operating districts who have qualified for the UPSC Preliminary exams in 2024.

Detailed Explanation:

Union Minister for Coal and Mines, Shri G Kishan Reddy, inaugurated the "Noble Initiative for Rewarding Mains Aspirants of National Civil Services Examination (NIRMAN)" portal in New Delhi, a CSR initiative by Coal India Limited (CIL) to aid meritorious youth from its operating districts who have qualified for the UPSC Preliminary exams in 2024.

Launch and Vision:

The NIRMAN portal was launched in alignment with Prime Minister Narendra Modi's "Mission Karmayogi" vision.

The initiative aims to support candidates who have cleared the Preliminary round of the UPSC Civil Services & Forest Service exams in 2024.

Financial Support:

Qualified candidates will receive a financial aid of Rs 1,00,000.

Eligibility criteria include an annual family income less than Rs 8 lakhs and belonging to Scheduled Caste, Scheduled Tribe, female, or third gender categories.

Applicants must be permanent residents of any of the 39 operational districts of CIL.

8) Answer: D

Short Explanation:

External Affairs Minister S. Jaishankar arrived in Astana, Kazakhstan to represent India at the Shanghai Cooperation Organisation (SCO) Council of Heads of State on July 3 and 4, stepping in for Prime Minister Narendra Modi.

Detailed Explanation:

External Affairs Minister S. Jaishankar arrived in Astana, Kazakhstan to represent India at the Shanghai Cooperation Organisation (SCO) Council of Heads of State on July 3 and 4, stepping in for Prime Minister Narendra Modi.

Indian Delegation's Role:

Minister Jaishankar will lead the Indian delegation and is slated to address the plenary session on July 4, articulating India's perspectives and contributions within the SCO framework.

9) Answer: E

Short Explanation:

India presided over its first meeting as Chair of the ‘Colombo Process’ at the Permanent Representative Level Meeting in Geneva at the International Organisation for Migration (IOM) Headquarters.

The Colombo Process is a Regional Consultative Process comprising 12 Member States from Asia, which primarily serve as countries of origin for migrant workers.

Detailed Explanation:

India presided over its first meeting as Chair of the ‘Colombo Process’ at the Permanent Representative Level Meeting in Geneva at the International Organisation for Migration (IOM) Headquarters.

The Colombo Process is a Regional Consultative Process comprising 12 Member States from Asia, which primarily serve as countries of origin for migrant workers.

The forum facilitates the exchange of best practices on managing overseas employment.

In May 2024, India assumed the chair of the Colombo Process for the first time since its inception.

India's Action Plan and Priorities:Outline of a two-year action plan presented by India.

Key priorities:

Reviewing financial sustainability.

Broadening membership (new member states and observers).

Reconfiguring technical-level collaborations.

Implementing a structured rotation for the chairmanship.

Conducting a regional review of the Global Compact for Safe, Orderly, and Regular Migration.

Engaging in dialogues with the Abu Dhabi Dialogue (ADD) and other regional processes.

10) Answer: A

Short Explanation:

The U.S. government has allocated $176 million to Moderna to advance its development of a bird flu vaccine amid concerns over a multi-state outbreak of the H5N1 virus in dairy cows and human infections.

Detailed Explanation:

The U.S. government has allocated $176 million to Moderna to advance its development of a bird flu vaccine amid concerns over a multi-state outbreak of the H5N1 virus in dairy cows and human infections.

Funding and Purpose:

Moderna received $176 million from the U.S. Biomedical Advanced Research and Development Authority to complete late-stage development and testing of an mRNA-based vaccine targeting H5N1 avian influenza.

The funding is intended to accelerate preparations for a potential pandemic.

Development Timeline:

Late-stage testing is scheduled to commence in 2025, pending results from Moderna's phase 1 trial, expected in the coming weeks. The focus will likely be on safety and immune response.

Outbreak Details:

The outbreak of H5N1 in dairy cattle first reported in March has spread to over 130 herds across 12 states, with infections also reported among dairy workers.

11) Answer: B

Short Explanation:

Bollywood megastar Shah Rukh Khan is set to be honoured with the prestigious Pardo alla Carriera at the 77th edition of the Locarno Film Festival in Locarno, Switzerland.

The festival will take place from August 7 to 17.

Detailed Explanation:

Bollywood megastar Shah Rukh Khan is set to be honoured with the prestigious Pardo alla Carriera at the 77th edition of the Locarno Film Festival in Locarno, Switzerland.

The festival will take place from August 7 to 17.

Award Details:

Shah Rukh Khan will receive the Pardo alla Carriera, celebrating his remarkable career in Indian cinema.

The award ceremony will take place on August 10 at the open-air venue Piazza Grande.

Film Screening and Appearance:

The festival will screen one of Shah Rukh Khan's celebrated films, "Devdas," directed by Sanjay Leela Bhansali.

Shah Rukh Khan will participate in a conversation at the Forum @Spazio Cinema on August 11.

Past Recipients:

Previous recipients of the Pardo alla Carriera include notable figures such as Tsai Ming-liang, Claudia Cardinale, Johnnie To, Francesco Rosi, Harry Belafonte, and Jane Birkin.

12) Answer: B

Short Explanation:

Indian Air Force (IAF) Chief Air Chief Marshal V.R. Chaudhari inaugurated the newly established Weapon Systems School (WSS) at Air Force Station Begumpet, Hyderabad.

The WS branch comprises 4 streams:

Flying stream for operating weapons and systems on airborne platforms like Sukhoi-30 MKI and C-130J.

Remote stream for operating remotely piloted aircraft.

Mission commanders and operators for Surface-to-Air and Surface-to-Surfaceweapon systems.

Intelligence stream for handling space-based intelligence and imagery.

Detailed Explanation:

Indian Air Force (IAF) Chief Air Chief Marshal V.R. Chaudhari inaugurated the newly established Weapon Systems School (WSS) at Air Force Station Begumpet, Hyderabad.

This follows the approval for the creation of a new Weapon System (WS) branch in 2022.

The WS branch comprises 4 streams:

Flying stream for operating weapons and systems on airborne platforms like Sukhoi-30 MKI and C-130J.

Remote stream for operating remotely piloted aircraft.

Mission commanders and operators for Surface-to-Air and Surface-to-Surface weapon systems.

Intelligence stream for handling space-based intelligence and imagery.

Training Focus: The WSS aims to provide contemporary and effect-based training to officers of the WS branch, aligning with the operational requirements of the IAF.

13) Answer: B

Short Explanation:

The 16th edition of India-Mongolia Joint Military Exercise NOMADIC ELEPHANT commenced today, at Foreign Training Node, Umroi (Meghalaya).

The 1st edition was held in 2004 at the Mongolian Armed Forces’ Peace Support Training Centre (PSTC) in Terelj, Mongolia.

The 15th edition took place in Ulaanbaatar, Mongolia from July 17 to 31, 2023.

Detailed Explanation:

The 16th edition of India-Mongolia Joint Military Exercise NOMADIC ELEPHANT commenced today, at Foreign Training Node, Umroi (Meghalaya).

The Exercise is scheduled to be conducted from 03rd to 16th July 2024.

Indian contingent: Represented by a Battalion of Sikkim Scouts comprising 45 personnel, along with personnel from other arms and services.

Mongolian contingent: Represented by personnel from the 150 Quick Reaction Force Battalion of the Mongolian Army.

Exercise Nomadic Elephant is an annual training event alternately conducted in India and Mongolia.

The 1st edition was held in 2004 at the Mongolian Armed Forces’ Peace Support Training Centre (PSTC) in Terelj, Mongolia.

The 15th edition took place in Ulaanbaatar, Mongolia from July 17 to 31, 2023.

Aim of the Exercise : To enhance the joint military capability of both sides to undertake counter-insurgency operations in a sub-conventional scenario under Chapter VII of the United Nations Mandate.

14) Answer: C

Short Explanation:

National Security Advisor (NSA) Ajit Doval has appointed TV Ravichandran and Pawan Kapoor as the new deputy NSAs in the National Security Council Secretariat (NSCS) team.

Similarly, Rajendra Khanna, who served as the deputy NSA, has been appointed as the Additional NSA.

Detailed Explanation:

National Security Advisor (NSA) Ajit Doval has appointed TV Ravichandran and Pawan Kapoor as the new deputy NSAs in the National Security Council Secretariat (NSCS) team.

Similarly, Rajendra Khanna, who served as the deputy NSA, has been appointed as the Additional NSA.

About TV Ravichandran :

TV Ravichandran is a 1990 batch IPS officer and is currently the special director in the Intelligence Bureau.

About Pawan Kapoor :

Pawan Kapoor is a 1990 batch IFS officer and has served in several missions abroad for India.

He has served in the Ministry of External Affairs, and the Prime Minister's Office.

He also served as an international civil servant with the Commonwealth Secretariat in London.

About Rajendra Khanna :

Khanna, a 1978-batch IPS officer from the Odisha cadre, served as the chief of the Research and Analysis Wing (R&AW) from December 2014 to December 2016.

He was appointed deputy NSA in January 2018, overseeing the Technology and Intelligence section.

15) Answer: E

Short Explanation:

SBI General Insurance announced the appointment of Naveen Chandra Jha as its new Managing Director (MD) and Chief Executive Officer (CEO).

He was nominated by the parent company, State Bank of India (SBI).

He succeeds Kishore Kumar Poludasu.

Detailed Explanation:

SBI General Insurance announced the appointment of Naveen Chandra Jha as its new Managing Director (MD) and Chief Executive Officer (CEO).

He was nominated by the parent company, State Bank of India (SBI).

He succeeds Kishore Kumar Poludasu.

Prior to his current role, Naveen Chandra Jha served as Deputy Managing Director of SBI.

Capital Infusion:During the year ending March 31, 2024, SBI infused additional capital of Rs 489.67 crore into SBI General Insurance Company Ltd.

Employee Stock Ownership Plan (ESOP) :The company has also allotted ESOP to employees and consequently, the bank's stake has decreased from 69.95% to 69.11%.

16) Answer: C

Short Explanation:

Cebu Pacific Air has announced a preliminary agreement with Airbus to purchase 152 single-aisle jets, marking the largest jet purchase in Philippine history.

Purchase Details:

The deal, valued at US$24 billion at list prices, includes 102 firm orders for Airbus A321neo jets.

Cebu Pacific also has options for an additional 50 A321neo aircraft, reflecting the airline's growth ambitions.

Detailed Explanation:

Cebu Pacific Air has announced a preliminary agreement with Airbus to purchase 152 single-aisle jets, marking the largest jet purchase in Philippine history.

Purchase Details:

The deal, valued at US$24 billion at list prices, includes 102 firm orders for Airbus A321neo jets.

Cebu Pacific also has options for an additional 50 A321neo aircraft, reflecting the airline's growth ambitions.

Aircraft Details:

The Airbus A321neo is known for its efficiency and is Airbus's best-selling model, with a substantial backlog extending into the next decade.

Current Fleet and Orders:

Currently, Cebu Pacific operates a fleet of approximately 85 Airbus jets and smaller ATR turboprop aircraft.

They also have an existing order book with Airbus for more than 30 additional planes.

17) Answer: E

Short Explanation:

Tata Consultancy Services Ltd (TCS) shares saw a marginal rise after announcing a five-year title partnership with the Sydney Marathon in Australia.

The Sydney Marathon, held since 2000, features three races and has raised over $26.5 million for charitable organizations.

Detailed Explanation:

Tata Consultancy Services Ltd (TCS) shares saw a marginal rise after announcing a five-year title partnership with the Sydney Marathon in Australia.

Partnership Details:

TCS has signed a significant deal to become the title partner of the Sydney Marathon, Australia's largest and most prestigious race.

The partnership aims to enhance the marathon's use of technology, sustainability, accessibility, and charitable impact. It also supports running and wellbeing initiatives across Indigenous Australia.

Impact and Charity:

The Sydney Marathon, held since 2000, features three races and has raised over $26.5 million for charitable organizations.

This year's marathon is scheduled for September 15.

Business Impact:

TCS, ranked among the Top 50 most valuable global brands, has seen its brand value rise by 7% to $44.79 billion.

The association with the Sydney Marathon is expected to further enhance TCS's brand visibility and reputation globally.

Stock Performance:

TCS shares initially rose over 1% to an intraday high of ₹4,022 on the BSE, reflecting positive market sentiment. However, they later traded slightly lower at ₹4,008.5 apiece.

18) Answer: A

Short Explanation:

George Russell won the Austrian Grand Prix 2024 for Mercedes after a collision between Red Bull’s Max Verstappen and McLaren’s Lando Norris.

George Russell's win marked Mercedes' first victory since November 2022, when Russell won in Brazil.

Detailed Explanation:

George Russell won the Austrian Grand Prix 2024 for Mercedes after a collision between Red Bull’s Max Verstappen and McLaren’s Lando Norris.

The clash occurred late in the race while battling for the lead.

Race Outcome:

George Russell's win marked Mercedes' first victory since November 2022, when Russell won in Brazil.

This victory is the second of Russell's career.

Podium Finishers:

McLaren’s Oscar Piastri finished second.

Ferrari’s Carlos Sainz secured third place at the Red Bull Ring in Spielberg, Austria.

19) Answer: D

Short Explanation:

Former South African cricketer AB de Villiers has made an investment in Bengaluru-based direct-to-consumer (D2C) nutrition startup Supply6.

He has also been appointed as the brand ambassador for the company.

Detailed Explanation:

Former South African cricketer AB de Villiers has made an investment in Bengaluru-based direct-to-consumer (D2C) nutrition startup Supply6.

He has also been appointed as the brand ambassador for the company.

Investment and Role:

AB de Villiers has joined Supply6 as an investor and brand ambassador.

The financial terms of his investment have not been disclosed.

Startup Details:

Supply6 was founded in 2019 by Vaibhav Bhandari and Rahul Jacob.

The startup specializes in health supplements aimed at promoting healthier lifestyles.

20) Answer: D

Short Explanation:

The Durand Cup, Asia’s oldest football tournament, will commence its 133rd edition from July 27 to August 31, featuring a lineup of Indian Super League (ISL), I-League, and other invitational teams.

Venue: Matches will take place at four venues:

Vivekananda Yuba Bharati Krirangan (VYBK) in Kolkata (opening match and final)

Kokrajhar, Assam (second consecutive year)

Shillong, Meghalaya

Jamshedpur, Jharkhand

Detailed Explanation:

The Durand Cup, Asia’s oldest football tournament, will commence its 133rd edition from July 27 to August 31, featuring a lineup of Indian Super League (ISL), I-League, and other invitational teams.

The tournament will host 43 matches in a round-robin league-cum-knockout format across four venues.

Venue: Matches will take place at four venues:

Vivekananda Yuba Bharati Krirangan (VYBK) in Kolkata (opening match and final)

Kokrajhar, Assam (second consecutive year)

Shillong, Meghalaya

Jamshedpur, Jharkhand

Format: The 24 participating teams will be grouped into six groups. The top teams from each group and the two best second-placed teams will advance to the knockout stage.

Schedule: The tournament will feature a total of 43 matches, culminating in the final at VYBK in Kolkata.