Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2024 of 09th August 2024. Daily GK quiz online for bank & competitive exam. Here we have given the Daily Current Affairs Quiz based on the previous days Daily Current Affairs updates. Candidates preparing for IBPS, SBI, RBI, RRB, SSC Exam 2024 & other competitive exams can make use of these Current Affairs Quiz.

 

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1) Every year on August 9, people celebrate the International Day of World's Indigenous People. Which year did the United Nations General Assembly (UNGA) initially celebrate this day?

(a) 1991

(b) 1992

(c) 1993

(d) 1995

(e) 1994

2) Every year on August 9, people celebrate Nagasaki Day. The US exploded a bomb on Nagasaki, Japan, on August 9, _____________, during the Second World War.

(a) 1942

(b) 1945

(c) 1947

(d) 1948

(e) 1943

3) Indian wrestler Vinesh Phogat, 29, declared her retirement from the Olympics following her disqualification. Prior to her gold medal match in the 50kg division, she was disqualified for being ______________ grams overweight.

(a) 50gm

(b) 100gm

(c) 150gm

(d) 75gm

(e) 125gm

4) In 2024, Miltiadis Tentoglou will retain his Olympic long jump title in Paris. Maintaining his domination in the sport, Tentoglou won gold with a leap of _______________ meters.

(a) 8.42m

(b) 8.44m

(c) 8.46m

(d) 8.48m

(e) 8.45m

5) Which state's former Chief Minister and senior Communist leader, Buddhadeb Bhattacharjee, died at the age of 80?

(a) Sikkim

(b) Gujarat

(c) West Bengal

(d) Karnataka

(e) Odisha

6) Tsung-Dao Lee, the scientist who won the Nobel Prize passed away. Which year did Prof. Lee and Chen-Ning Yang get the Nobel Prize in physics?

(a) 1952

(b) 1955

(c) 1953

(d) 1957

(e) 1959

7) With the superior capabilities of the INS Shivalik and __________, the Indian Navy's participation in RIMPAC 2024 stood out.

(a) P-80

(b) P-8L

(c) P-8I

(d) P-8A

(e) P-8S

8) Which bank declared that Piyush Gupta's chief executive officer (CEO) position will be filled by Tan Su Shan, head of institutional banking, upon his retirement in March 2025?

(a) HDFC

(b) DBS

(c) RBL

(d) Federal

(e) ICICI

9) President Mohammed Shahabuddin named Nobel laureate Muhammad Yunus as chairman of Bangladesh's interim administration. For his anti-poverty work with the Grameen Bank, a model that was adopted on other continents, he was awarded the Nobel Peace Prize in __________.

(a) 2002

(b) 2004

(c) 2005

(d) 2006

(e) 2008

10) The first state in India to introduce disaster management insurance was Nagaland. For how many years will the Memorandum of Understanding remain in effect?

(a) 2years

(b) 1year

(c) 3years

(d) 4years

(e) 5years

11) The highest honor, the Vigyan Ratna Puraskar, has been bestowed upon Dr. Govindarajan Padmanabhan, a prominent biochemist and former director of the Indian Institute of Science in Bangalore. How many young scientists under the age of 45 received the Vigyan Yuva-Shanti Swarup Bhatnagar award?

(a) 15

(b) 17

(c) 18

(d) 16

(e) 12

12) According to the Randstad Employer Brand Research (REBR) 2024, Microsoft is the most desirable employer brand in India. Which of the following business is not in the top 5?

(a) Amazon

(b) TCS

(c) Tata Power

(d) Tata Motor

(e) Samsung

13) The most recent iteration of Indian Railways' in-house automatic train protection system, known as Kavach 4.0, is scheduled to go live in October. It is anticipated that _______________ Route Km(RKMs) will be covered by Kavach by the conclusion of current fiscal year.

(a) 1000

(b) 2000

(c) 3000

(d) 4000

(e) 5000

14) The "Million Designers, Billion Dreams" concept has been introduced by the Deendayal Antyodaya Yojana–National Rural Livelihoods Mission (DAY-NRLM).When did DAY-NRLM renamed?

(a) 2014

(b) 2015

(c) 2017

(d) 2016

(e) 2018

15) How many days was the average turnaround time for insolvency cases at the National Company Law Tribunal (NCLT) increased to?

(a) 712days

(b) 710days

(c) 714days

(d) 716days

(e) 718days

16) 31, 2024, a record 7.28 crore income tax returns for 2024–25 had been lodged, a rise of what percentage over the prior year?

(a) 7.2%

(b) 7.1%

(c) 7.3%

(d) 7.5%

(e) 7.7%

17) The Reserve Bank of India has extended the Interest Subvention Scheme for Kisan Credit Card Agricultural Loans up to Rs 3 Lakhs. What percentage of interest will lending institutions receive as a subvention in 2024–2025?

(a) 1.2%

(b) 1.3%

(c) 1.4%

(d) 1.5%

(e) 1.8%

18) What is the total amount of money that the International Finance Corporation (IFC), Asian Development Bank (ADB), and Deutsche Investitions- und Entwicklungsgesellschaft (DEG) stated they would be investing in Fourth Partner Energy Ltd (FPEL), a platform for renewable energy solutions?

(a) USD 275 million

(b) USD 375 million

(c) USD 175 million

(d) USD 225 million

(e) USD 250 million

19) The RBI Governor-led ___________member Monetary Policy Committee (MPC) opted to retain the benchmark repo rate at 6.5% and the policy stance of 'removal of accommodation'.

(a) 5

(b) 4

(c) 6

(d) 8

(e) 3

20) As per the report, Sairam Krishnamurthy has been named Chief Operating Officer of Swiggy Instamart. He worked for which firm for more than three and a half years before joining Swiggy?

(a) Hindustan Unilever Ltd

(b) Amazon

(c) Flipkart

(d) Zomato

(e) Reliance Smart

Answers :

1) Answer: E

Short Explanation:

International Day of World’s Indigenous People Day is observed annually on August 9.

The theme for the 2024 International Day of the World's Indigenous Peoples is "Protecting the Rights of Indigenous Peoples in Voluntary Isolation and Initial Contact".

This day was first observed by the United Nations General Assembly (UNGA) in December 1994.

Detailed Explanation:

International Day of World’s Indigenous People Day is observed annually on August 9.

The theme for the 2024 International Day of the World's Indigenous Peoples is "Protecting the Rights of Indigenous Peoples in Voluntary Isolation and Initial Contact".

This day is observed to raise awareness about life and to protect the indigenous people.

This day was first observed by the United Nations General Assembly (UNGA) in December 1994.

This day is observed annually to recognize the first UN working group on indigenous people meeting in Geneva in 1982.

On December 23, 1994, the UN General Assembly observed August 9 as the International Day of World’s Indigenous People Day.

The second International Decade of World’s Indigenous People was observed by the assembly in 2004 and it was continued annually as International Day of World’s Indigenous People Day

2) Answer: B

Short Explanation:

Detailed Explanation:

Nagasaki Day is observed on August 9 every year.

On August 9, 1945, during the Second World War, the US dropped a bomb on Nagasaki in the city of Japan.

The nuclear bomb that was attacked by the US in Nagasaki called the ‘FAT MAN’.

This bomb attack suddenly devastated Nagasaki and killed almost 70,000 people during the attack.

The US warplane dropped the bomb named FAT MAN in Nagasaki and this led to the surrender of Japan in the Second World War II.

After 5 to 6 years of bombing, the incidence of leukaemia causes several other diseases like thyroid, breast diseases, lung cancer etc.

After so many decades, the risk caused by radiation exposure continues to increase and causes disease.

3) Answer: B

Short Explanation:

Vinesh Phogat, a 29-year-old Indian wrestler, has announced her retirement after being disqualified from the Olympics.

She was disqualified for being 100gm overweight before her 50kg category gold medal bout.

Detailed Explanation:

Vinesh Phogat, a 29-year-old Indian wrestler, has announced her retirement after being disqualified from the Olympics.

She was disqualified for being 100gm overweight before her 50kg category gold medal bout.

Vinesh appealed her disqualification to the Court of Arbitration for Sports (CAS), seeking to be awarded a joint silver medal.

Cuban wrestler Yusneylis Guzman Lopez replaced Vinesh in the final against American Sarah Ann Hildebrandt.

Hildebrandt won the gold, and Vinesh hopes to secure a joint silver with Lopez through her appeal.

The sport's governing body, United World Wrestling (UWW), stated that the current weigh-in rule could not be changed retrospectively.

UWW President Nenad Lalovic met with IOA chief P T Usha and expressed sympathy but confirmed that rule changes could only be discussed for future events.

Vinesh Phogat made history as the first Indian woman wrestler to reach the gold medal bout in her category.

4) Answer: D

Short Explanation:

Miltiadis Tentoglou of Greece achieved a historic feat at the Paris 2024 Olympics by becoming the first man since Carl Lewis in 1996 to retain the Olympic long jump title.

Tentoglou secured gold with a leap of 8.48 meters, continuing his dominance in the sport.

Gold: Miltiadis Tentoglou (Greece) - 8.48m

Silver: Wayne Pinnock (Jamaica) - 8.36m

Bronze: Mattia Furlani (Italy) - 8.34m

Detailed Explanation:

Miltiadis Tentoglou of Greece achieved a historic feat at the Paris 2024 Olympics by becoming the first man since Carl Lewis in 1996 to retain the Olympic long jump title.

Tentoglou secured gold with a leap of 8.48 meters, continuing his dominance in the sport.

Gold: Miltiadis Tentoglou (Greece) - 8.48m

Silver: Wayne Pinnock (Jamaica) - 8.36m

Bronze: Mattia Furlani (Italy) - 8.34m

Gold Medal Count: This victory adds to Tentoglou's impressive collection of global gold medals, which includes:

Tokyo 2020 Olympic gold

Two World Indoor Championships titles

One World Outdoor Championship title

Historic Context: Tentoglou's win marks Greece's first Olympic men’s long jump medal in 2020 and repeats the achievement in Paris.

5) Answer: C

Short Explanation:

Former West Bengal Chief Minister and veteran Communist leader Buddhadeb Bhattacharjee passed away at the age of 80 in Kolkata, West Bengal.

Bhattacharya was born on 1 March 1944 in North Kolkata.

Detailed Explanation:

Former West Bengal Chief Minister and veteran Communist leader Buddhadeb Bhattacharjee passed away at the age of 80 in Kolkata, West Bengal.

Bhattacharya was born on 1 March 1944 in North Kolkata.

He was an Indian communist politician and a former member of the Politburo of the Communist Party of India (Marxist), who served as the 7th Chief Minister of West Bengal from 2000 to 2011.

In a political career of over 5 decades, he became one of the senior leaders of the Communist Party of India (Marxist) during his regime.

In 2022, he declined the Padma Bhushan award announced by the NDA government.

6) Answer: D

Short Explanation:

Chinese-American physicist Tsung-Dao Lee, who in 1957 became the second-youngest scientist to receive a Nobel Prize, Passed away at the age of 97 in San Francisco, California, the United States of America (USA).

Lee was born in Shanghai, China.

In 1957, Prof. Lee was awarded the Nobel Prize in physics together with Chen-Ning Yang for work exploring the symmetry of subatomic particles as they interact with the force that holds atoms together.

Detailed Explanation:

Chinese-American physicist Tsung-Dao Lee, who in 1957 became the second-youngest scientist to receive a Nobel Prize, Passed away at the age of 97 in San Francisco, California, the United States of America (USA).

Lee was born in Shanghai, China.

He was a Chinese-American physicist, known for his work on parity violation, the Lee–Yang theorem, particle physics, relativistic heavy ion (RHIC) physics, nontopological solitons, and soliton stars.

In 1957, Prof. Lee was awarded the Nobel Prize in physics together with Chen-Ning Yang for work exploring the symmetry of subatomic particles as they interact with the force that holds atoms together.

7) Answer: C

Short Explanation:

Indian Naval Ship (INS) Shivalik of the Eastern Fleet emerged victorious in the Naval Gunfire Support Competition at the Rim of the Pacific Exercise- 2024 (RIMPAC-2024), held in Hawaii and won the coveted RODEO trophy.

The Indian Navy’s participation in RIMPAC 2024 was marked by the advanced capabilities of the P-8I and INS Shivalik.

Detailed Explanation:

Indian Naval Ship (INS) Shivalik of the Eastern Fleet emerged victorious in the Naval Gunfire Support Competition at the Rim of the Pacific Exercise- 2024 (RIMPAC-2024), held in Hawaii and won the coveted RODEO trophy.

The Indian Navy’s participation in RIMPAC 2024 was marked by the advanced capabilities of the P-8I and INS Shivalik.

RIMPAC, initiated in 1971, has evolved into a premier platform for international maritime cooperation.

RIMPAC 2024, featuring 29 nations, 40 surface ships, three submarines, and over 150 aircraft, epitomized the spirit of global collaboration.

The 2024 theme, “Partners: Integrated and Prepared,” emphasized unity and readiness in addressing maritime challenges.

8) Answer: B

Short Explanation:

DBS Group announced that Tan Su Shan, its head of institutional banking, will succeed Piyush Gupta as Chief Executive Officer (CEO) when he retires in March 2025.

Tan Su Shan will be the first woman to lead Singapore's and Southeast Asia's biggest bank.

Detailed Explanation:

DBS Group announced that Tan Su Shan, its head of institutional banking, will succeed Piyush Gupta as Chief Executive Officer (CEO) when he retires in March 2025.

Tan Su Shan will be the first woman to lead Singapore's and Southeast Asia's biggest bank.

She is also the first internal candidate to be appointed as CEO.

Tan will be the second female leader of a major Singaporean bank, following Helen Wong, who was appointed head of Oversea-Chinese Banking Corp in 2021.

Tan, 56, who joined DBS in 2010 from Morgan Stanley, will serve as the deputy CEO until Gupta's retirement on March 28, 2025, when the bank hosts its next annual general meeting.

Under Piyush Gupta, DBS expanded regionally with acquisitions in India and Taiwan.

In May 2023, DBS became the first Singapore-listed company to achieve S$100 billion in market capitalisation.

9) Answer: D

Short Explanation:

Nobel laureate Muhammad Yunus was appointed as the head of Bangladesh's interim government by President Mohammed Shahabuddin.

The appointment followed the resignation of Prime Minister Sheikh Hasina on August 05, 2024, amid deadly protests over a controversial job quota system.

He won the Nobel Peace Prize in 2006 for his anti-poverty campaign through the Grameen Bank, a model which was replicated across continents.

Detailed Explanation:

Nobel laureate Muhammad Yunus was appointed as the head of Bangladesh's interim government by President Mohammed Shahabuddin.

The appointment followed the resignation of Prime Minister Sheikh Hasina on August 05, 2024, amid deadly protests over a controversial job quota system.

The decision was made during a meeting between President Shahabuddin, chiefs of the three services, and a 13-member delegation of the Anti-Discrimination Student Movement at Bangabhaban.

Muhammad Yunus was born on 28 June 1940 in Chittagong, Bangladesh.

King Hussein Humanitarian Leadership Award (2000, King Hussein Foundation).

He won the Nobel Peace Prize in 2006 for his anti-poverty campaign through the Grameen Bank, a model which was replicated across continents.

10) Answer: C

Short Explanation:

Nagaland became the first state in India to implement the disaster management insurance

The state government of Nagaland and SBI General Insurance have signed a Memorandum of Understanding (MoU) for Disaster Risk Transfer Parametric Insurance Solution (DRTPS).

The MoU will be effective for three years, from 2024 to 2027.

Detailed Explanation:

Nagaland became the first state in India to implement the disaster management insurance

The state government of Nagaland and SBI General Insurance have signed a Memorandum of Understanding (MoU) for Disaster Risk Transfer Parametric Insurance Solution (DRTPS).

The MoU will be effective for three years, from 2024 to 2027.

Signatories:Officials from SBI General Insurance and the Nagaland State Disaster Management Authority (NSDMA) signed the MoU.

Objective:The insurance aims to lessen financial losses brought on by extreme events and safeguard vital infrastructure in the state.

Coverage:According to Chief Minister Neiphiu Rio, the entire state of Nagaland is covered by the insurance.

11) Answer: C

Short Explanation:

Vigyan Shri Awards: Thirteen eminent scientists were honoured with the Vigyan Shri award for their distinguished work across various scientific domains.

Vigyan Yuva Awards: Eighteen young scientists under the age of 45 were recognized with the Vigyan Yuva-Shanti Swarup Bhatnagar awards, continuing the legacy of the prestigious Shanti Swarup Bhatnagar prize.

Detailed Explanation:

In a landmark initiative to recognize and celebrate outstanding contributions to science, technology, and innovation, the Indian government has introduced the Rashtriya Vigyan Puraskars.

Vigyan Ratna Puraskar: The highest honour, the Vigyan Ratna Puraskar, has been awarded to Dr. Govindarajan Padmanabhan, a distinguished biochemist and former director of the Indian Institute of Science, Bengaluru. Dr. Padmanabhan, also a Padma Bhushan laureate, received this lifetime achievement award for his significant contributions to the field of biochemistry.

Vigyan Shri Awards: Thirteen eminent scientists were honoured with the Vigyan Shri award for their distinguished work across various scientific domains.

Vigyan Yuva Awards: Eighteen young scientists under the age of 45 were recognized with the Vigyan Yuva-Shanti Swarup Bhatnagar awards, continuing the legacy of the prestigious Shanti Swarup Bhatnagar prize.

Vigyan Team Award: The Team Chandrayaan-3 was honoured with the Vigyan Team award for their exceptional contribution to India’s space program, particularly for the successful moon landing mission.

12) Answer: E

Short Explanation:

Microsoft has emerged as India's most attractive employer brand, securing the top position in the Randstad Employer Brand Research (REBR) 2024.

Microsoft

Tata Consultancy Services (TCS)

Amazon

Tata Power Company

Tata Motors

Detailed Explanation:

Microsoft has emerged as India's most attractive employer brand, securing the top position in the Randstad Employer Brand Research (REBR) 2024.

The tech giant was highly rated for its financial health, good reputation, and career progression opportunities—the top three Employee Value Proposition (EVP) drivers identified by the survey.

Top 10 Most Attractive Employer Brands in India:

Microsoft

Tata Consultancy Services (TCS)

Amazon

Tata Power Company

Tata Motors

Samsung India

Infosys

Larsen & Toubro

Reliance Industries

Mercedes-Benz

13) Answer: C

Short Explanation:

Indian Railways is set to commence the rollout of Kavach 4.0, the latest version of its indigenous automated train protection system, starting in October.

Initial Rollout and Coverage: The first phase of Kavach 4.0 will involve deployment on 10,000 locomotives (engines) and across 9,000 route kilometres (RKMs) over the next few years.

By the end of this fiscal year, 3,000 RKMs are expected to be under Kavach coverage.

Detailed Explanation:

Indian Railways is set to commence the rollout of Kavach 4.0, the latest version of its indigenous automated train protection system, starting in October.

Initial Rollout and Coverage: The first phase of Kavach 4.0 will involve deployment on 10,000 locomotives (engines) and across 9,000 route kilometres (RKMs) over the next few years.

By the end of this fiscal year, 3,000 RKMs are expected to be under Kavach coverage.

High-Density Routes: The rollout will begin with the Delhi – Howrah and Delhi – Mumbai routes, covering 3,000 RKMs, which have been identified as high-density corridors.

Future Expansion: Following the initial deployment, the Delhi – Chennai and Mumbai – Chennai routes, covering 3,300 RKMs, will also be equipped with Kavach.

Additionally, all automatic signalling sections, amounting to 5,000 RKMs, will be brought under the system's coverage.

14) Answer: B

Short Explanation:

The Deendayal Antyodaya Yojana–National Rural Livelihoods Mission (DAY-NRLM) has launched the "Million Designers, Billion Dreams" initiative.

In essence, the DAY-NRLM is a Central government initiative to combat poverty. The Ministry of Rural Development of the Government of India introduced it as the "Aajeevika – National Rural Livelihoods Mission (NRLM)" in 2011. In 2015, it was rebranded as DAY-NRLM.

Detailed Explanation:

The Deendayal Antyodaya Yojana–National Rural Livelihoods Mission (DAY-NRLM) has launched the "Million Designers, Billion Dreams" initiative.

This program aims to equip individuals across India with systems design knowledge to address complex societal challenges.

The initiative is spearheaded by LEAP in collaboration with DAY-NRLM.

In essence, the DAY-NRLM is a Central government initiative to combat poverty. The Ministry of Rural Development of the Government of India introduced it as the "Aajeevika – National Rural Livelihoods Mission (NRLM)" in 2011. In 2015, it was rebranded as DAY-NRLM.

"Million Designers, Billion Dreams" aims to transform approaches to societal challenges by empowering rural leaders to drive sustainable development and innovation in their communities.

15) Answer: D

Short Explanation:

The average time for resolving insolvency cases at the National Company Law Tribunal (NCLT) increased to 716 days.

As per the Insolvency and Bankruptcy Code (IBC), the stipulated time for resolution is 330 days, which includes time spent on litigations. However, a significant number of cases are exceeding this timeline.

Detailed Explanation:

The average time for resolving insolvency cases at the National Company Law Tribunal (NCLT) increased to 716 days.

Previous Years:

FY 2022-23: 654 days

FY 2021-22: 557 days

Realisable Amount vs. Admitted Claims:

FY 2023-24: 27% of the admitted claims were realized.

FY 2022-23: 36% realization.

FY 2021-22: 23% realization.

Stipulated Resolution Time:

As per the Insolvency and Bankruptcy Code (IBC), the stipulated time for resolution is 330 days, which includes time spent on litigations. However, a significant number of cases are exceeding this timeline.

16) The Central Government's budgetary recommendations for the fiscal year 2024–2025 are implemented by the Finance Bill, 2024, which was approved by the Lok Sabha. By July

16) Answer: D

Short Explanation:

The Lok Sabha passed the Finance Bill, 2024, which gives effect to the Central Government's financial proposals for the fiscal year 2024-2025, marking the completion of the budgetary exercise.

A record 7.28 crore income tax returns for 2024-25 were filed by July 31, 2024, marking a 7.5% increase compared to the previous year. Over 58 lakh returns were from first-time filers, indicating a broadening of the tax base.

Detailed Explanation:

The Lok Sabha passed the Finance Bill, 2024, which gives effect to the Central Government's financial proposals for the fiscal year 2024-2025, marking the completion of the budgetary exercise.

In 2023, personal income tax slabs were liberalized, reducing the tax burden on individuals by ₹37,500. The 2024 budget further revised these slabs, offering additional relief to the middle class.

The standard deduction for salaried employees was increased from ₹50,000 to ₹75,000 in the new regime, providing up to ₹17,500 in tax relief. The deduction on family pensions for pensioners was also enhanced from ₹15,000 to ₹30,000.

For salaried employees in the private sector and public sector banks opting for the new regime, the deduction on employers' contributions was raised from 10% to 14%.

A record 7.28 crore income tax returns for 2024-25 were filed by July 31, 2024, marking a 7.5% increase compared to the previous year. Over 58 lakh returns were from first-time filers, indicating a broadening of the tax base.

17) Answer: D

Short Explanation:

The Reserve Bank of India (RBI) has extended the Modified Interest Subvention Scheme (MISS) for short-term loans for agriculture and allied activities available through Kisan Credit Card (KCC) for the financial year 2024-25.

Interest Subvention to Lending Institutions:The rate of interest subvention to lending institutions will be 1.5% for 2024-25.

Detailed Explanation:

The Reserve Bank of India (RBI) has extended the Modified Interest Subvention Scheme (MISS) for short-term loans for agriculture and allied activities available through Kisan Credit Card (KCC) for the financial year 2024-25.

Loan Limit and Interest Rates:Farmers can avail of loans up to Rs 3 lakh at a concessional interest rate of 7%.

An additional interest subvention of 3% per annum is provided to farmers who repay loans on time, reducing the effective interest rate to 4%.

Interest Subvention to Lending Institutions:The rate of interest subvention to lending institutions will be 1.5% for 2024-25.

There is a specific sub-limit of Rs 2 lakh within the overall Rs 3 lakh cap for farmers exclusively involved in allied activities.

Aadhaar Linking:Aadhaar linking is mandatory for applying for these short-term loans in 2024-2025.

Increase in Rural Credit:Minister of State for Finance Pankaj Chaudhary presented data showing a significant increase in ground-level credit in rural areas, rising from Rs 7.3 lakh crore in 2014 to Rs 25.46 lakh crore in 2024.

18) Answer: A

Short Explanation:

International Finance Corporation (IFC), Asian Development Bank (ADB), and Deutsche Investitions- und Entwicklungsgesellschaft (DEG) announced an investment of USD 275 million (about Rs 2,280 crore) into renewable energy solutions platform Fourth Partner Energy Ltd (FPEL).

Detailed Explanation:

International Finance Corporation (IFC), Asian Development Bank (ADB), and Deutsche Investitions- und Entwicklungsgesellschaft (DEG) announced an investment of USD 275 million (about Rs 2,280 crore) into renewable energy solutions platform Fourth Partner Energy Ltd (FPEL).

Purpose of Investment:The consortium's investment will infuse capital to fund FPEL's business expansion plans which include a target portfolio of 3.5 GW of renewable energy assets by 2026.

Current Assets and Projects:FPEL currently has an installed base of 1.5 GW of green assets.

Future Investment Projections: According to an estimate, India's renewables sector is expected to attract an annual investment of USD 25 billion through 2030.

19) Answer: C

Short Explanation:

The RBI Governor-headed six-member Monetary Policy Committee (MPC) decided to keep the benchmark repo rate unchanged at 6.5% and maintain the policy stance of ‘withdrawal of accommodation’.

The MPC voted by a 4 to 2 majority to keep the policy rate unchanged. RBI retained real GDP growth estimates for FY25 at 7.2%, and CPI inflation projection at 4.5%.

Detailed Explanation:

The Reserve Bank of India (RBI) Governor Shaktikanta Das announced the third bi-monthly Monetary Policy for FY25, August 8, 2024.

The RBI Governor-headed six-member Monetary Policy Committee (MPC) decided to keep the benchmark repo rate unchanged at 6.5% and maintain the policy stance of ‘withdrawal of accommodation’.

The MPC voted by a 4 to 2 majority to keep the policy rate unchanged. RBI retained real GDP growth estimates for FY25 at 7.2%, and CPI inflation projection at 4.5%.

GDP Growth Estimates:

FY25 GDP growth estimates retained at 7.2%.

Quarterly estimates are -

Q1FY25: Reduced to 7.1% from 7.3%

Q2FY25: Retained at 7.2%

Q3FY25: Retained at 7.3%

Q4FY25: Retained at 7.2%

Q1FY26 GDP growth estimated at 7.2%

CPI Inflation Forecast

FY25 CPI Inflation forecast unchanged at 4.5%. Quarterly estimates are -

Q2FY25: Raised to 4.4% from 3.8%

Q3FY25: Raised to 4.7% from 4.6%

Q4FY25: Lowered to 4.3% from 4.5%

Q1FY26 CPI inflation forecast at 4.4%

20) Answer: B

Short Explanation:

Swiggy Instamart, the quick commerce arm of IPO-bound food and grocery delivery firm Swiggy, has appointed Sairam Krishnamurthy as the firm’s senior vice president and chief operating officer (COO).

Prior to joining Swiggy, he spent over three-and-a-half years at More Retail, an Amazon company (through a joint venture with Samara Capital) that runs a chain of offline retail stores.

Detailed Explanation:

Swiggy Instamart, the quick commerce arm of IPO-bound food and grocery delivery firm Swiggy, has appointed Sairam Krishnamurthy as the firm’s senior vice president and chief operating officer (COO).

Role and Responsibilities:

Overseeing dark store operations.

Managing infrastructure operations.

Leading city growth and expansion.

With over 18 years of experience in leadership roles in the retail and FMCG sectors, he joins Swiggy Instamart as its first COO.

Prior to joining Swiggy, he spent over three-and-a-half years at More Retail, an Amazon company (through a joint venture with Samara Capital) that runs a chain of offline retail stores.

He spent several years at Unilever and Hindustan Unilever Ltd (HUL) where he led several brands and grew their presence.