Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2024 of 04th Sep 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) As per the RBI report, Public sector banks cut their holdings of government securities under held-to-maturity by fifty percent. What percentage of banks' HTM assets may they now sell, therefore decreasing their flexibility?

(a) 2%

(b) 3%

(c) 4%

(d) 5%

(e) 6%

2) What percentage of Unified Payment Interface (UPI) transactions increased to 14.96 billion in August from 14.44 billion in July—the highest amount since the digital payment platform began accepting payments in April 2016?

(a) 2%

(b) 3%

(c) 4%

(d) 5%

(e) 6%

3) In the midst of rapid expansion in the equity capital market, the Securities and Exchange Board of India (SEBI) suggested changing the rules governing merchant bankers. It has also been suggested by SEBI that merchant bankers hold ___________ of their net worth in readily convertible "liquid" assets.

(a) 2nd

(b) 3rd

(c) 4th

(d) 5th

(e) 1st

4) To introduce its UPI Third Party Application Provider (TPAP) solution, BharatPe has teamed up with Unity Bank. Customers may preload an online wallet using the app's UPI Lite functionality and transact up to how much amount without a UPI PIN?

(a) Rs.200

(b) Rs.500

(c) Rs.1000

(d) Rs.100

(e) Rs.2000

5) In an effort to encourage greater non-resident involvement, the Reserve Bank of India (RBI) has launched a program that permits international investors in the International Financial Services Centre (IFSC) to participate in sovereign green bonds (SGrBs). Which year did the Indian government issue sovereign green bonds?

(a) 2021

(b) 2022

(c) 2023

(d) 2019

(e) 2020

6) Which bank will be the first to provide personal loans via the Open Network for Digital Commerce (ONDC)?

(a) DBS bank

(b) Karnataka bank

(c) CSB bank

(d) Federal bank

(e) RBL bank

7) India's participation in the Indo-Pacific Economic Framework for Prosperity (IPEF) accords aimed at establishing a sustainable and equitable economy has been authorized by the Union Cabinet. In May 2022, how many member blocs made up the IPEF?

(a) 11

(b) 12

(c) 13

(d) 14

(e) 15

8) The approval of Kaynes Semicon Pvt Ltd to develop a semiconductor manufacturing plant in Sanand, Gujarat, was granted by the Union Cabinet. What is the initial investment required for Kaynes Semicon Pvt Ltd's Sanand plant?

(a) ₹3,300 crore

(b) ₹3,500 crore

(c) ₹3,800 crore

(d) ₹3,200 crore

(e) ₹3,900 crore

9) During the next GST Council meeting, Union Minister Nitin Gadkari proposed that state finance ministers take into consideration lowering the Goods and Services Tax (GST) on vehicles that run on flex fuel to what percentage?

(a) 10%

(b) 11%

(c) 12%

(d) 15%

(e) 18%

10) How many initiatives totaling over ₹13,966 crore were authorized by the Union Cabinet in August 2024 with the goal of increasing farmer incomes by utilizing technology breakthroughs and updating traditional agricultural practices?

(a) 5

(b) 6

(c) 7

(d) 8

(e) 9

11) Under the direction of Prime Minister Narendra Modi, the Cabinet Committee on Economic Affairs (CCEA) has authorized three significant railway projects with an estimated total cost of ₹6,456 crore. How many districts in Odisha, Jharkhand, West Bengal, and Chhattisgarh would be covered by the projects?

(a) 5

(b) 6

(c) 7

(d) 8

(e) 9

12) To improve agricultural infrastructure and assist the farming community, the Union Cabinet, led by Prime Minister Narendra Modi, has authorized an expansion of the Agriculture Infrastructure Fund (AIF) initiative. Which year was the Agriculture Infrastructure Fund (AIF) launched?

(a) 2021

(b) 2022

(c) 2023

(d) 2019

(e) 2020

13) The Joint Russian-Indian Commission on Cooperation in Emergency Management had its second meeting. Which year was the commission's inaugural meeting conducted in New Delhi?

(a) 2012

(b) 2014

(c) 2015

(d) 2016

(e) 2018

14) Monkeypox is classified as a global public health emergency by the WHO. Which year was the first case of monkeypox in humans found in the Democratic Republic of the Congo (DRC)?

(a) 1960

(b) 1970

(c) 1980

(d) 1990

(e) 2000

15) Which nation issued a five-year Action Plan for 2024–2028 and upgraded their bilateral relationship to a "strategic partnership" during Prime Minister (PM) Narendra Modi's visit there?

(a) Finland

(b) Poland

(c) Russia

(d) Germany

(e) Singapore

16) Which year's Maharashtra Ancient Monuments and Archaeological Sites and Remains Act allows the Maharashtra government to proclaim the petroglyphs and geoglyphs in Ratnagiri "protected monuments"?

(a) 1960

(b) 1970

(c) 1980

(d) 1990

(e) 2000

17) Which state's chief minister unveils the first domestic RT-PCR kit for the detection of monkey pox in India?

(a) Madhya Pradesh

(b) Andhra Pradesh

(c) Maharshtra

(d) Gujarat

(e) Karnataka

18) Despite slowing down to 6.7% in the first quarter of FY25, HSBC Global Research projects the Indian economy to grow at what percentage in FY25?

(a) 7.0%

(b) 7.1%

(c) 7.2%

(d) 7.3%

(e) 7.5%

19) Which city will host the largest fixed network testbed in the world, created by Nokia, represent a major advancement in the field of ultra-high-speed internet access technology?

(a) Kolkata

(b) Kochi

(c) Chennai

(d) Patna

(e) Bengaluru

20) For the role of managing director (MD) of which bank was Rama Mohan Rao Amara suggested by the Financial Services Institutions Bureau (FSIB), the headhunter for directors of state-owned banks and financial institutions?

(a) Canara bank

(b) SBI

(c) Indian bank

(d) Punjab National bank

(e) Bank of Baroda

21) Which position has Mohit Rajani been appointed to by e-commerce giant Meesho?

(a) Chief operating officer

(b) Chief Product Officer

(c) Vice President

(d) Chief Financial officer

(e) Managing Director

22) At the age of 69, which nation's Māori king, Kiingi Tuheitia Pootatau Te Wherowhero VII, passed away?

(a) Pakistan

(b) Congo

(c) New Zealand

(d) France

(e) Denmark

23) Which nation awarded Dhanush Srikanth three gold medals representing India at the World Deaf Shooting Championship?

(a) Finland

(b) Poland

(c) Russia

(d) Germany

(e) Singapore

24) With a total of how many medals won so far in the Paris Paralympics 2024, India's para-athletes have brought honor to their country?

(a) 10

(b) 12

(c) 15

(d) 18

(e) 20

25) How many billions of dollars has the combination of Reliance Industries Limited and Disney's Indian media holdings been authorized by the Competition Commission of India (CCI)?

(a) $8.5 billion

(b) $7.5 billion

(c) $6.5 billion

(d) $5.5 billion

(e) $9.5 billion

Answers :

1) Answer: D

Short Explanation:

Public sector banks have cut their holdings of government securities (G-Secs) under the Held-to-Maturity (HTM) category by over 50%.

This reduction follows revised investment norms issued by the Reserve Bank of India (RBI).

The new guidelines came into effect from April 1, 2024.

Profit Realization: Banks are limited to a 5% profit realization from HTM holdings, as they cannot sell more than this percentage.

Detailed Explanation:

Public sector banks have cut their holdings of government securities (G-Secs) under the Held-to-Maturity (HTM) category by over 50%.

This reduction follows revised investment norms issued by the Reserve Bank of India (RBI).

The new guidelines came into effect from April 1, 2024.

New RBI Guidelines : Categories: Investments must now be classified into HTM, Available-for-Sale (AFS), and Fair Value through Profit and Loss.

Sale Restrictions:cc

Profit Realization: Banks are limited to a 5% profit realization from HTM holdings, as they cannot sell more than this percentage.

Disclosures: Banks are required to provide more detailed disclosures about their investment portfolios.

Ceiling Removal: The 90-day ceiling on holding periods for HFT has been removed, allowing banks more flexibility in this sub-category.

2) Answer: B

Short Explanation:

Unified Payment Interface (UPI) transactions saw a 3% rise in volume in August to 14.96 billion, compared to 14.44 billion in July, the highest ever since the digital payment platform turned operational in April 2016.

The total value of UPI transactions slightly decreased to Rs 20.61 trillion in August, compared to Rs 20.64 trillion in July.

Detailed Explanation:

Unified Payment Interface (UPI) transactions saw a 3% rise in volume in August to 14.96 billion, compared to 14.44 billion in July, the highest ever since the digital payment platform turned operational in April 2016.

The total value of UPI transactions slightly decreased to Rs 20.61 trillion in August, compared to Rs 20.64 trillion in July.

According to the data shared by the National Payments Corporation of India (NPCI) in August, UPI volume posted a 41% year-on-year (Y-o-Y) growth and 31% Y-o-Y growth in value.

IMPS Transactions:

Volume: The Immediate Payment Service (IMPS) transaction volume decreased by 8% to 453 million in August, compared to 490 million in July.

FASTag Transactions:

Volume: FASTag transactions increased by 2% to 329 million in August, compared to 323 million in July.

Aadhaar Enabled Payment System (AePS):

Volume: AePS transactions rose by 3% to 100 million in August, compared to 97 million in July.

3) Answer: C

Short Explanation:

The Securities and Exchange Board of India (SEBI) proposed an overhaul of merchant bankers’ regulations amid a boom in the equity capital market.

Liquid Assets : Further, SEBI has also proposed that merchant bankers maintain a fourth of their net worth in “liquid” assets that can be easily converted into cash.

Detailed Explanation:

The Securities and Exchange Board of India (SEBI) proposed an overhaul of merchant bankers’ regulations amid a boom in the equity capital market.

Net Worth Requirements: The current net worth requirement for merchant bankers is ₹5 crore, which was last hiked in 1995 from ₹1 crore, said SEBI.

The SEBI has now proposed to have two categories of investment banks based on their net worth.

Those with at least ₹50 crore net worth will fall under Category 1 and they will be allowed to undertake all activities that fall under SEBI’s ambit;

Those with net worth of at least ₹10 crore will fall under the Category 2. They would not be allowed to handle mainboard issues.

Liquid Assets : Further, SEBI has also proposed that merchant bankers maintain a fourth of their net worth in “liquid” assets that can be easily converted into cash.

Revenue Threshold: SEBI proposes a minimum revenue threshold of ₹25 crore in the last three financial years from permitted activities to qualify for registration as a merchant banker.

4) Answer: B

Short Explanation:

BharatPe has partnered with Unity Bank to launch its UPI Third Party Application Provider (TPAP) service.

The "postpe" app has been rebranded as "BharatPe," now available for UPI payments.

UPI Lite Feature: The app includes a UPI Lite feature, allowing customers to preload an online wallet and make transactions up to ₹500 without using a UPI PIN, for both person-to-person (P2P) and person-to-merchant (P2M) transactions.

Detailed Explanation:

BharatPe has partnered with Unity Bank to launch its UPI Third Party Application Provider (TPAP) service.

The "postpe" app has been rebranded as "BharatPe," now available for UPI payments.

App Variants: BharatPe now offers two apps - "BharatPe" for general users and "BharatPe for Business" for merchants.

UPI Lite Feature: The app includes a UPI Lite feature, allowing customers to preload an online wallet and make transactions up to ₹500 without using a UPI PIN, for both person-to-person (P2P) and person-to-merchant (P2M) transactions.

5) Answer: C

Short Explanation:

The Reserve Bank of India (RBI) has introduced a scheme to allow foreign investors in the International Financial Services Centre (IFSC) to invest in sovereign green bonds (SGrBs), aiming to facilitate wider non-resident participation.

The Government of India issued sovereign green bonds in January 2023.

Detailed Explanation:

The Reserve Bank of India (RBI) has introduced a scheme to allow foreign investors in the International Financial Services Centre (IFSC) to invest in sovereign green bonds (SGrBs), aiming to facilitate wider non-resident participation.

The Government of India issued sovereign green bonds in January 2023.

The scheme shall apply to investments in Sovereign Green Bonds issued by the Government of India by eligible investors in the IFSC in India.

Foreign Investors: Eligible investors include persons resident outside India, as defined by Section 2(w) of the FEMA, 1999, and those not incorporated in High-Risk Jurisdictions as identified by FATF.

Also includes International Banking Units (IBUs) of foreign banks without branches or subsidiaries in India.

Operational Requirements:Account Opening: Authorised depositories and clearing corporations must open specific accounts with the RBI as per the Government Securities Act, 2006, and the Foreign Exchange Management Act, 1999.

6) Answer: B

Karnataka Bank will offer personal loans through the Open Network for Digital Commerce (ONDC), becoming the first bank to do so.

The personal loans will be available through buyer apps on the ONDC network.

Initially, this service will be available to the bank’s existing customers.

7) Answer: D

Short Explanation:

The Union Cabinet has approved India's participation in the Indo-Pacific Economic Framework for Prosperity (IPEF) agreements focused on creating a clean and fair economy.

IPEF Overview:The IPEF is a 14-member bloc launched in May 2022 by the United States and other Indo-Pacific partners, including Australia, Japan, South Korea, and ASEAN members. The framework is built around four pillars: trade, supply chains, clean economy, and fair economy. India has joined all pillars except the trade component.

Detailed Explanation:

The Union Cabinet has approved India's participation in the Indo-Pacific Economic Framework for Prosperity (IPEF) agreements focused on creating a clean and fair economy.

Significance: India’s participation in these agreements aligns with its objectives of promoting sustainable development and transparent economic practices. It also reflects India's growing engagement with the Indo-Pacific region.

IPEF Overview:The IPEF is a 14-member bloc launched in May 2022 by the United States and other Indo-Pacific partners, including Australia, Japan, South Korea, and ASEAN members. The framework is built around four pillars: trade, supply chains, clean economy, and fair economy. India has joined all pillars except the trade component.

8) Answer: A

Short Explanation:

The Union Cabinet approved establishing a semiconductor manufacturing unit in Sanand, Gujarat, by Kaynes Semicon Pvt Ltd.

Investment Details: The Sanand plant by Kaynes Semicon Pvt Ltd will involve an initial investment of ₹3,300 crore.

Detailed Explanation:

The Union Cabinet approved establishing a semiconductor manufacturing unit in Sanand, Gujarat, by Kaynes Semicon Pvt Ltd.

This approval aligns with the India Semiconductor Mission under the government’s modified scheme to boost semiconductor manufacturing in India.

India Semiconductor Mission Scheme: The project approval comes under the India Semiconductor Mission's modified scheme, which provides 50% fiscal support for capital investment in setting up semiconductor fabs. The scheme has a total outlay of ₹76,000 crore.

Investment Details: The Sanand plant by Kaynes Semicon Pvt Ltd will involve an initial investment of ₹3,300 crore.

Production Capacity and Applications: The facility will have a production capacity of six million chips per day. The chips produced at this unit will cater to a range of sectors, including industrial, automotive, electric vehicles, consumer electronics, telecom, and mobile phones.

9) Answer: C

Short Explanation:

Union Minister Nitin Gadkari suggested that state finance ministers consider reducing the Goods and Services Tax (GST) onflex-fuel vehicles to 12% during the upcoming GST Council meeting.

His remarks came during his address at the India Bio-Energy & Tech Expo organized by the Indian Federation of Green Energy (IFGE).

Detailed Explanation:

Union Minister Nitin Gadkari suggested that state finance ministers consider reducing the Goods and Services Tax (GST) onflex-fuel vehicles to 12% during the upcoming GST Council meeting.

His remarks came during his address at the India Bio-Energy & Tech Expo organized by the Indian Federation of Green Energy (IFGE).

Promotion of Biofuels: The minister emphasized the need to cut down on fossil fuel imports and promote the use of biofuels as a sustainable energy source.

Government’s Target: The government is focused on developing and promoting flex-fuel engines as part of its larger strategy to advance sustainable and eco-friendly transportation.

Need for Collaborative Efforts: Gadkari called for joint efforts from state governments to create a favourable environment for flex-fuel vehicles by providing tax incentives and policy support.

10) Answer: C

Short Explanation:

The Union Cabinet approved seven schemes worth nearly ₹13,966 crore aimed at enhancing farmer incomes through technological advancements and modernizing existing agricultural practices.

Detailed Explanation:

The Union Cabinet approved seven schemes worth nearly ₹13,966 crore aimed at enhancing farmer incomes through technological advancements and modernizing existing agricultural practices.

Digital Agriculture Mission:

Outlay: ₹2,817 crore.

Purpose: To build Digital Public Infrastructure (DPI) for farmers, which includes:

Agri Stack: An open-source digital infrastructure for data access, enabling better farm incomes.

Crop Science for Food and Nutritional Security:

Outlay: ₹3,979 crore.

Focus: Research and development in plant genetics, improving food and fodder crops, pulses, oilseeds, and commercial crops.

11) Answer: C

Short Explanation:

The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved three major railway projects with a total estimated cost of ₹6,456 crore.

The projects will span seven districts across Odisha, Jharkhand, West Bengal, and Chhattisgarh.

Detailed Explanation:

The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved three major railway projects with a total estimated cost of ₹6,456 crore.

The projects will span seven districts across Odisha, Jharkhand, West Bengal, and Chhattisgarh.

They will expand the Indian Railways network by approximately 300 kilometers.

The projects are expected to generate around 114 lakh man-days of direct employment during construction.

Expected completion by the fiscal year 2028-29.

12) Answer: E

Short Explanation:

The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved expanding the Agriculture Infrastructure Fund (AIF) scheme to enhance agricultural infrastructure and support the farming community.

Extension of AIF credit guarantee coverage for FPOs through NABSanrakshan Trustee Company Pvt. Ltd., enhancing financial security and encouraging investments in agricultural infrastructure.

Since its launch in 2020, AIF has supported:

Detailed Explanation:

The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved expanding the Agriculture Infrastructure Fund (AIF) scheme to enhance agricultural infrastructure and support the farming community.

Convergence of Component-A of PM-KUSUM with AIF for farmers, Farmer Producer Organizations (FPOs), cooperatives, and panchayats to promote sustainable energy solutions alongside agricultural infrastructure development.

Extension of AIF credit guarantee coverage for FPOs through NABSanrakshan Trustee Company Pvt. Ltd., enhancing financial security and encouraging investments in agricultural infrastructure.

Since its launch in 2020, AIF has supported:

Creation of 6,623 warehouses, 688 cold stores, and 21 silos, adding approximately 500 LMT of storage capacity.

₹47,575 crore sanctioned for 74,508 projects, mobilizing a total investment of ₹78,596 crore in the agriculture sector, with ₹78,433 crore from private entities.

Infrastructure projects under AIF have created over 8.19 lakh rural employment opportunities.

13) Answer: D

Short Explanation:

The Second Meeting of the Joint Russian- Indian Commission on the Cooperation in the Field of Emergency Management was held in Moscow, Russia.

The first meeting of the commission was held in New Delhi in 2016.

Detailed Explanation:

The Second Meeting of the Joint Russian- Indian Commission on the Cooperation in the Field of Emergency Management was held in Moscow, Russia.

Historical Context:The meeting aimed to strategize and execute previous agreements, including:

The Inter-Governmental Agreement (IGA) for Emergency Management cooperation in December 2010.

The Regulation to establish the Indo-Russian Joint Commission for Cooperation in 2013.

The first meeting of the commission was held in New Delhi in 2016.

14) Answer: B

Short Explanation:

The World Health Organization (WHO) has declared monkeypox, which has badly affected the Democratic Republic of the Congo (DRC) and a growing number of countries in Africa, to be a public health emergency of international concern.

Origin: Monkeypox was first discovered in humans in the Democratic Republic of the Congo (DRC) in 1970.

Detailed Explanation:

The World Health Organization (WHO) has declared monkeypox, which has badly affected the Democratic Republic of the Congo (DRC) and a growing number of countries in Africa, to be a public health emergency of international concern.

This is the second time the viral infection has been designated such.

Origin: Monkeypox was first discovered in humans in the Democratic Republic of the Congo (DRC) in 1970.

Spread: Outbreaks have affected several African countries, including the DRC and its neighboring countries.

Endemic Strain: The initial outbreaks were caused by clade 1.

New Variant: Clade 1b, a new variant, spreads more easily through regular close contact.

15) Answer: B

Short Explanation:

During Prime Minister (PM) Narendra Modi’s visit to Poland, India and Poland elevated their bilateral relationship to a "strategic partnership" and announced a five-year Action Plan for 2024-2028.

Detailed Explanation:

During Prime Minister (PM) Narendra Modi’s visit to Poland, India and Poland elevated their bilateral relationship to a "strategic partnership" and announced a five-year Action Plan for 2024-2028.

Areas of Cooperation: The partnership will explore cooperation in high-tech, agriculture, agritech, food tech, energy, climate, green technologies, infrastructure, smart cities, defence, healthcare, pharmaceuticals, and mining.

Further discussions will take place at the next Joint Commission for Economic Cooperation (JCEC) meeting scheduled for the end of 2024.

Five-Year Action Plan: A comprehensive Action Plan for 2024-2028 was unveiled, focusing on cooperation in defense, trade, agri-tech, energy, green technologies, infrastructure, pharmaceuticals, and mining.

16) Answer: A

Short Explanation:

The Maharashtra government has declared the geoglyphs and petroglyphs in Ratnagiri as 'protected monuments' under the Maharashtra Ancient Monuments and Archaeological Sites and Remains Act, 1960.

Detailed Explanation:

The Maharashtra government has declared the geoglyphs and petroglyphs in Ratnagiri as 'protected monuments' under the Maharashtra Ancient Monuments and Archaeological Sites and Remains Act, 1960.

Types of Ancient Art:

Geoglyphs: Images or designs created on the surface of the earth.

Petroglyphs: Images or designs carved into rock surfaces.

Depictions: The petroglyphs include depictions of rhinoceros, deer, monkey, donkey, and footprints.

Historical Significance: The petroglyphs are important in the Konkan region as they represent the works of Mesolithic man.

Geographical Spread:Maharashtra and Goa: Geoglyphs are spread over a 900-kilometer area of the Konkan coast.

Ratnagiri: Hosts more than 1,500 artworks across 70 sites, with seven sites on UNESCO's tentative World Heritage List.

17) Answer: B

Short Explanation:

Andhra Pradesh (AP) Chief Minister (CM), Nara Chandrababu Naidu launched India’s first indigenous Monkeypox RT-PCR Kit at the AP Medtech Zone (AMTZ) in Visakhapatnam.

The kit was developed at AMTZ in collaboration with Transasia Diagnostics.

It has been validated by the Indian Council of Medical Research (ICMR) and the Central Drugs Standard Control Organization (CDSCO).

Detailed Explanation:

Andhra Pradesh (AP) Chief Minister (CM), Nara Chandrababu Naidu launched India’s first indigenous Monkeypox RT-PCR Kit at the AP Medtech Zone (AMTZ) in Visakhapatnam.

The kit was developed at AMTZ in collaboration with Transasia Diagnostics.

It has been validated by the Indian Council of Medical Research (ICMR) and the Central Drugs Standard Control Organization (CDSCO).

The kit includes lyophilized components designed for easy shipping and use in remote areas.

It offers precise, reliable, and accessible diagnosis for Monkeypox.

This marks a significant step in India's capability to produce and utilize indigenous medical technology for emerging health threats like Monkeypox.

18) Answer: A

Short Explanation:

The Indian economy is forecasted to grow at 7% in FY25, according to HSBC Global Research, despite experiencing a slowdown to 6.7% in the first quarter of FY25.

Detailed Explanation:

The Indian economy is forecasted to grow at 7% in FY25, according to HSBC Global Research, despite experiencing a slowdown to 6.7% in the first quarter of FY25.

Quarterly Performance:

The first quarter of FY25 saw a slowdown with GDP growth at 6.7%, down from 7.8% in the previous quarter.

Gross Value Added (GVA) increased by 6.8%, up from 6.3% in the prior quarter.

Economic Growth Projections:

Reserve Bank of India (RBI) estimates GDP growth at 7.2% for FY25.

International Monetary Fund (IMF) projects a 7% growth rate.

19) Answer: C

Short Explanation:

Nokia is set to establish the world's largest fixed network testbed in Chennai, marking a significant step towards advancing technology in ultra-high-speed internet access.

The project involves an investment of approximately US$ 54.07 million (Rs. 450 crore).

Detailed Explanation:

Nokia is set to establish the world's largest fixed network testbed in Chennai, marking a significant step towards advancing technology in ultra-high-speed internet access.

The project involves an investment of approximately US$ 54.07 million (Rs. 450 crore).

The testbed will concentrate on advancements in 10G, 25G, 50G, and 100G passive optical networks

The new facility, to be located at the State Industries Promotion Corporation of Tamil Nadu in Siruseri, will serve as one of Nokia's major research and development centres.

The establishment of a centre by the Finnish major is set to advance the development of next-generation networks and create approximately 100 specialised jobs.

20) Answer: B

Short Explanation:

The Financial Services Institutions Bureau (FSIB), the headhunter for directors of state-owned banks and financial institutions, recommended Rama Mohan Rao Amara for the position of managing director (MD) of State Bank of India (SBI).

Amara is currently Deputy Managing Director of the bank.

Detailed Explanation:

The Financial Services Institutions Bureau (FSIB), the headhunter for directors of state-owned banks and financial institutions, recommended Rama Mohan Rao Amara for the position of managing director (MD) of State Bank of India (SBI).

Amara is currently Deputy Managing Director of the bank.

The vacancy arose following the elevation of C S Setty to the position of Chairman of SBI.

Current Composition: The SBI board is led by the Chairman and supported by four Managing Directors (MDs).

Impact of Appointment: With Amara's selection, SBI will have a total of four MDs.

21) Answer: B

E-commerce major Meesho has appointed Mohit Rajani as Chief Product Officer (CPO).

In his role as CPO, Mohit will lead Meesho’s product organisation, overseeing the product management, design, and analytics teams.

Rajani has previously been associated with Meta, Google, and Carta

22) Answer: C

Short Explanation:

New Zealand’s Māori King, Kiingi Tuheitia Pootatau Te Wherowhero VII, passed away at the age of 69.

His death occurred shortly after celebrating his 18th year on the throne.

Born Tuheitia Paki in 1955 in Huntly, North Island, New Zealand.

Detailed Explanation:

New Zealand’s Māori King, Kiingi Tuheitia Pootatau Te Wherowhero VII, passed away at the age of 69.

His death occurred shortly after celebrating his 18th year on the throne.

Born Tuheitia Paki in 1955 in Huntly, North Island, New Zealand.

He was crowned as Māori King on August 21, 2006, following the death of his mother, Te Arikinui Dame Te Atairangikaahu.

He was the seventh monarch in the Kiingitanga movement, a position established in 1858.

The Kiingitanga movement was created to unite New Zealand's Indigenous Māori tribes against British colonization.

23) Answer: D

Short Explanation:

Dhanush Srikanth won three gold medals for India at the World Deaf Shooting Championship in Hanover, Germany.

World Record: He broke the world record in the men's 10m air rifle event qualification with a score of 632.7, outperforming fellow Indians Shourya Saini (625) and Mohammed Vania (622.7) in the finals.

Detailed Explanation:

Dhanush Srikanth won three gold medals for India at the World Deaf Shooting Championship in Hanover, Germany.

World Record: He broke the world record in the men's 10m air rifle event qualification with a score of 632.7, outperforming fellow Indians Shourya Saini (625) and Mohammed Vania (622.7) in the finals.

Team Events: Dhanush secured gold in the 10m mixed team event alongside Mahit Sandhu and in the 10m air rifle men's team event with Saini and Vania, setting world records in both qualifications and finals (628.8).

Dhanush, 22, trains at the Gun For Glory Shooting Academy in Hyderabad, under the guidance of Olympic medallist Gagan Narang and coach Neha Chavan.

He is part of a 13-member Indian contingent that had already secured medals in the air pistol category earlier in the championship.

24) Answer: C

Short Explanation:

India's para-athletes have made the nation proud at the Paris Paralympics 2024, securing a total of 15 medals: 3 gold, 5 silver, and 7 bronze.

Global Medal Tally Highlights

1st: China - 87 Medals (43 Gold)

2nd: Great Britain - 54 Medals (29 Gold)

3rd: United States - 42 Medals (13 Gold)

Detailed Explanation:

India's para-athletes have made the nation proud at the Paris Paralympics 2024, securing a total of 15 medals: 3 gold, 5 silver, and 7 bronze.

Sumit Antil's Historic Achievement:

Event: Men's Javelin Throw - F64

Medal: Gold

Preethi Pal's Dual Success:

Events:

Women's 200m T35

Women's 100m T35

Medals: 2 Bronze

Nishad Kumar's Consistency:

Event: Men's High Jump T47

Medal: Silver

India's Medal Tally at Paris Paralympics 2024

Rank: 15th

Total Medals: 15 (3 Gold, 5 Silver, 7 Bronze)

Global Medal Tally Highlights

1st: China - 87 Medals (43 Gold)

2nd: Great Britain - 54 Medals (29 Gold)

3rd: United States - 42 Medals (13 Gold)

25) Answer: A

Short Explanation:

The Competition Commission of India (CCI) has approved the $8.5 billion merger between Reliance Industries Limited and Disney’s Indian media assets.

The merger aims to create the largest entertainment player in India to compete with major players like Sony, Netflix, and Amazon.

Detailed Explanation:

The Competition Commission of India (CCI) has approved the $8.5 billion merger between Reliance Industries Limited and Disney’s Indian media assets.

CCI has not yet specified any voluntary modifications for the original merger deal made by the two companies.

The merger aims to create the largest entertainment player in India to compete with major players like Sony, Netflix, and Amazon.

Assets and Ownership: The merged entity will include 120 TV channels and two streaming services. Reliance and Viacom18 will hold a 63.16% stake, while Walt Disney will hold 36.84%.