Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2024 of 16th November 2024. Daily GK quiz online for bank & competitive exam. Here we have given the Daily Current Affairs Quiz based on the previous days Daily Current Affairs updates. Candidates preparing for IBPS, SBI, RBI, RRB, SSC Exam 2024 & other competitive exams can make use of these Current Affairs Quiz.

 

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1) According to a report released by the Reserve Bank of India (RBI), the country's municipal corporations (MCs) require significant changes to increase their own revenue streams. They analyzed budget data from how many MCs, accounting for more than 90% of all MCs in India?

(a) 230

(b) 231

(c) 232

(d) 233

(e) 235

2) How many billion dollars is the largest dollar-denominated loan that India's financial sector reportedly seeks to take out in 2024 from the State Bank of India (SBI)?

(a) $1.25 billion

(b) $1.20 billion

(c) $1.15 billion

(d) $1.30 billion

(e) $1.10 billion

3) Which bank recently raised the MCLR (Marginal Cost of Fund-Based Lending Rate) for specific tenors by 0.05%?

(a) Canara bank

(b) State Bank of India

(c) Indian bank

(d) Bank of Baroda

(e) Punjab National Bank

4) Recently (Nov’24), the Karnataka Bank Limited has introduced two financial products: "KBL Genius," a student savings account with free cyber insurance, and "KBL Peak," an education loan with financing up to how much?

(a) ₹2 crore

(b) ₹1 crore

(c) ₹50 lakh

(d) ₹75 lakh

(e) ₹1.5 crore

5) Which Bank has improved cross-border payment transparency by becoming the first Indian bank to provide real-time tracking for foreign money transfers via SWIFT?

(a) IDBI bank

(b) YES bank

(c) RBL bank

(d) IDFC First bank

(e) Federal bank

6) The United States and which nation has provided sovereign guarantees that will allow the Asian
Development Bank (ADB) to increase its climate-related lending by up to $7.2 billion?

(a) China

(b) Japan

(c) Russia

(d) Germany

(e) Hong Kong

7) What percentage of India's fossil fuel-based CO2 emissions are expected to rise in 2024, making a substantial contribution to the global climate change crisis?

(a) 4.1%

(b) 4.2%

(c) 4.5%

(d) 4.6%

(e) 4.8%

8) During National Learning Week (NLW), a nationwide learning program hosted on the iGOT platform, which ministry received praise for its outstanding performance?

(a) Ministry of Mines

(b) Ministry of Home Affairs

(c) Ministry of Education

(d) Ministry of Agriculture

(e) Ministry of Social Justice and Empowerment

9) The Delhi Development Authority (DDA) has launched Phase II of the 2024 Sasta Ghar Housing Scheme, providing approximately 2,600 affordable homes in various places in Delhi. The Sasta Ghar Housing Scheme, with a price range starting from how many lakh?

(a) ₹11.5 lakh

(b) ₹10.5 lakh

(c) ₹12.5 lakh

(d) ₹13.5 lakh

(e) ₹9.5 lakh

10) Which ministry launched 'Tulip', a new digital platform meant to promote market access for artisans from marginalized communities?

(a) Ministry of Tribal Affairs

(b) Ministry of Home Affairs

(c) Ministry of Education

(d) Ministry of Agriculture

(e) Ministry of Social Justice and Empowerment

11) On November 13, 2024, General Anil Chauhan, Chief of Defence Staff (CDS), presided over which iteration of the Triservices Commanders' Conference (TSTCC) in the Southern Naval Command (SNC), Kochi?

(a) 33rd

(b) 34th

(c) 35th

(d) 37th

(e) 38th

12) Which city will host the inaugural United States (US)-India Indian Ocean Dialogue on November 14, 2024, to strengthen collaboration in the Indian Ocean Region?

(a) New Delhi

(b) Mumbai

(c) Chennai

(d) Kolkata

(e) Kochi

13) Which edition of the Pravasi Bharatiya Divas event is scheduled to take place in Bhubaneswar, Odisha, on January 8–10, 2025?

(a) 15th

(b) 16th

(c) 17th

(d) 18th

(e) 19th

14) The Shillong Cherry Blossom Festival is returning in 2024 as part of Meghalaya's celebration of the "Year of Legends". Which year marked the start of the world's first autumn cherry blossom festival, the Shillong Cherry Blossom Festival?

(a) 2012

(b) 2014

(c) 2015

(d) 2016

(e) 2018

15) Prime Minister Narendra Modi recently received Dominica's highest national award. Which nation will host the next India-CARICOM Summit from November 19–21, 2024, where Dominican President Sylvanie Burton will offer the award?

(a) Peru

(b) Guyana

(c) Spain

(d) Finland

(e) Denmark

16) The Multi Commodity Exchange of India (MCX) has appointed Praveena Rai as its CEO and Managing Director for five years. Who does she succeed?

(a) P S Reddy

(b) P S Shetty

(c) P S Agarwal

(d) P S Mahindra

(e) P S Gokulnath

17) What percentage of Tata Power did Life Insurance Corporation (LIC) sell for ₹2,888 crore, lowering its ownership from 5.906% to 3.881%?

(a) 2.02%

(b) 2.01%

(c) 2.03%

(d) 2.04%

(e) 2.05%

18) What percentage of the combined company can Singapore Airlines (SIA) own now that the Air India Group has successfully concluded the legal and operational merger of Air India and Vistara?

(a) 25.1 per cent

(b) 22.1 per cent

(c) 24.1 per cent

(d) 21.1 per cent

(e) 28.1 per cent

19) When was the 2024 International Day for Tolerance observed?

(a) November 14

(b) November 16

(c) November 15

(d) November 17

(e) November 18

20) When was National Epilepsy Day 2024 observed?

(a) November 14

(b) November 16

(c) November 15

(d) November 17

(e) November 18

Answers :

1) Answer: C

Short Explanation:

According to a report released by the Reserve Bank of India (RBI), the Municipal corporations (MCs) in the country need comprehensive reforms to boost their own sources of revenue through tax reforms, rationalisation of user charges, and strengthening of collection mechanisms to plug leakages.

The RBI report, titled ‘Own Sources of Revenue Generation in Municipal Corporations: Opportunities and Challenges’, analysed budget data from 232 MCs, covering over 90% of India’s total MCs.

Detailed Explanation:

According to a report released by the Reserve Bank of India (RBI), the Municipal corporations (MCs) in the country need comprehensive reforms to boost their own sources of revenue through tax reforms, rationalisation of user charges, and strengthening of collection mechanisms to plug leakages.

The RBI report, titled ‘Own Sources of Revenue Generation in Municipal Corporations: Opportunities and Challenges’, analysed budget data from 232 MCs, covering over 90% of India’s total MCs.

Reliance on Transfers: While MCs have surplus revenue accounts, they heavily rely on transfers and grants from higher government levels.

Their own sources of revenue are insufficient to cover expenses, affecting their functional and financial autonomy.

Revenue Growth: MCs' revenue receipts increased by 20.1% year-over-year to Rs 1.7 trillion in FY24 (up from Rs 1.42 trillion in FY23 and Rs 1.37 trillion in FY22).

Own Resource Contribution: The share of own resources in receipts stood at 61.9% in FY24, up from 59.7% in FY23.

Impact of COVID-19: Municipal revenues were negatively impacted in 2020-21 due to the pandemic but saw recovery in 2021-22 and 2022-23.

2) Answer: A

Short Explanation:

State Bank of India (SBI) is reportedly planning to borrow $1.25 billion, which would be the largest dollar-denominated loan by India’s financial sector in 2024.

Loan Arrangement and Interest Margin:The five-year loan is being arranged by CTBC Bank, HSBC Holdings Plc, and Taipei Fubon Bank.

Detailed Explanation:

State Bank of India (SBI) is reportedly planning to borrow $1.25 billion, which would be the largest dollar-denominated loan by India’s financial sector in 2024.

Loan Arrangement and Interest Margin:The five-year loan is being arranged by CTBC Bank, HSBC Holdings Plc, and Taipei Fubon Bank.

The interest margin is set at 92.5 basis points above the Secured Overnight Financing Rate (SOFR), a benchmark rate used in the US for short-term lending.

Purpose and Location:The loan is being secured for general corporate purposes through SBI’s branch in the Gujarat International Finance Tec-City (GIFT City).

Other institutions, such as Cholamandalam Investment & Finance Co. ($300 million loan) and Union Bank of India’s Sydney branch (A$125 million loan), have also sought foreign funds recently.

3) Answer: B

Short Explanation:

State Bank of India (SBI) has increased the Marginal Cost of Fund-Based Lending Rate (MCLR) by 0.05% for certain tenors.

Bank's Strategy: The Chairman of SBI, C S Setty, noted that 42% of SBI's loan book is linked to the MCLR, while the rest is linked to external benchmarks.

Detailed Explanation:

State Bank of India (SBI) has increased the Marginal Cost of Fund-Based Lending Rate (MCLR) by 0.05% for certain tenors.

One-Year MCLR: The one-year MCLR, which is commonly linked to long-term loans like home loans, has been raised to 9%.

Other Tenor Increases: SBI has also raised the MCLR for the three-month and six-month tenors, while keeping the overnight, one-month, two-year, and three-year MCLRs unchanged.

Recent Hikes: This marks the second time SBI has raised the MCLR recently, as a response to higher deposit costs and market conditions, including the impact of inflation and global events like the war.

Bank's Strategy: The Chairman of SBI, C S Setty, noted that 42% of SBI's loan book is linked to the MCLR, while the rest is linked to external benchmarks.

4) Answer: A

Short Explanation:

Karnataka Bank Limited. has launched two financial products – ‘KBL Peak’, an education loan with financing of up to ₹2 crore and comprehensive coverage, and ‘KBL Genius’, a student savings account featuring free cyber insurance.

Detailed Explanation:

Karnataka Bank Limited. has launched two financial products – ‘KBL Peak’, an education loan with financing of up to ₹2 crore and comprehensive coverage, and ‘KBL Genius’, a student savings account featuring free cyber insurance.

KBL Peak:

Purpose: Education loan designed to support students pursuing higher education in India and abroad.

Loan Limit: Up to ₹2 crore.

Coverage: Tuition fees, accommodation, travel, books, and laptops.

Additional Features:Pre-admission sanction letter to simplify the admission process.

Credit life insurance for both the student and the parent for financial protection.

KBL Genius:

Purpose: A student savings account aimed at helping students manage their finances effectively.

Variants: Two variants – KBL Genius Signature and KBL Genius Advantage.

Features:

Minimum average balance requirement.

Seamless digital transactions.

Exclusive benefits on debit cards.

Free cyber insurance.

5) Answer: D

Short Explanation:

IDFC First Bank has become the first Indian bank to offer real-time tracking for international money transfers via SWIFT, enhancing cross-border payment transparency.

The new feature is particularly beneficial for transactions under RBI’s LRS, which allows Indian residents to send up to USD 2,50,000 per financial year for various purposes, including gifts, education, medical expenses, and investments.

Detailed Explanation:

IDFC First Bank has become the first Indian bank to offer real-time tracking for international money transfers via SWIFT, enhancing cross-border payment transparency.

The service is accessible through the bank's mobile application and internet banking platforms, aligning with the increasing demand for real-time updates on digital financial transactions.

The bank has addressed the gap in visibility for international transfers, offering end-to-end tracking of money sent abroad, similar to parcel or food delivery tracking systems.

The new feature is particularly beneficial for transactions under RBI’s LRS, which allows Indian residents to send up to USD 2,50,000 per financial year for various purposes, including gifts, education, medical expenses, and investments.

6) Answer: B

Short Explanation:

The Asian Development Bank (ADB) will expand its climate-related lending by up to $7.2 billion following sovereign guarantees from the United States and Japan.

Template for Development Banks:This strategy could serve as a model for other development banks to follow, especially in line with the U.N. COP29 climate summit held in Baku, Azerbaijan, focusing on enhancing climate finance for developing nations.

Detailed Explanation:

The Asian Development Bank (ADB) will expand its climate-related lending by up to $7.2 billion following sovereign guarantees from the United States and Japan.

The U.S. and Japan are the first countries to provide sovereign guarantees for climate finance, covering risks on certain existing ADB loans to allow for increased lending.

Template for Development Banks:This strategy could serve as a model for other development banks to follow, especially in line with the U.N. COP29 climate summit held in Baku, Azerbaijan, focusing on enhancing climate finance for developing nations.

ADB's Long-Term Climate Finance Target:ADB aims to reach a cumulative climate finance target of $100 billion between 2019 and 2030. In 2023, ADB’s climate lending amounted to $9.8 billion.

7) Answer: D

Short Explanation:

India's fossil-based CO2 emissions are projected to increase by 4.6% in 2024, contributing significantly to the global challenge of climate change.

The Global Carbon Project (GCP) has flagged this concerning trend as part of its annual report on emissions.

Expected to hit a record 37.4 billion tonnes in 2024.

Largest contributors in 2023:

China: 31%

USA: 13%

India: 8%

European Union: 7%

Detailed Explanation:

India's fossil-based CO2 emissions are projected to increase by 4.6% in 2024, contributing significantly to the global challenge of climate change.

The Global Carbon Project (GCP) has flagged this concerning trend as part of its annual report on emissions.

Expected to hit a record 37.4 billion tonnes in 2024.

Largest contributors in 2023:

China: 31%

USA: 13%

India: 8%

European Union: 7%

These four regions together account for 59% of global fossil CO2 emissions.

Global emissions from deforestation and land-use changes have dropped by 20% over the last decade.

Efforts in reforestation and afforestation have offset about half of deforestation emissions globally.

Natural CO2 sinks, including forests and oceans, absorb 50% of total CO2 emissions annually.

8) Answer: A

Short Explanation:

The Ministry of Mines has been lauded for its exceptional performance during the National Learning Week (NLW), a nationwide learning initiative hosted on the iGOT platform.

Three organizations under the Ministry of Mines received prestigious awards during the valedictory ceremony held by the Capacity Building Commission (CBC) on November 14, 2024, at Vigyan Bhawan.

Detailed Explanation:

The Ministry of Mines has been lauded for its exceptional performance during the National Learning Week (NLW), a nationwide learning initiative hosted on the iGOT platform.

Three organizations under the Ministry of Mines received prestigious awards during the valedictory ceremony held by the Capacity Building Commission (CBC) on November 14, 2024, at Vigyan Bhawan:

Hindustan Copper Limited (HCL)

Rank: 3rd

Category: Medium (M)

Mineral Exploration and Consultancy Limited (MECL)

Rank: 1st

Category: Small (S)

Jawaharlal Nehru Aluminium Research Development and Design Centre (JNARDDC)

Rank: 2nd

Category: Extra Small (XS)

Each organization achieved excellence in the “Minimum 4-hour Learning Goal” set by CBC, where employees were required to complete at least four hours of iGOT courses during NLW.

9) Answer: A

Short Explanation:

The Delhi Development Authority (DDA) has rolled out Phase II of the 2024 Sasta Ghar Housing Scheme, offering over 2,600 affordable flats across several locations in Delhi.

Sasta Ghar Housing Scheme:

Flats: EWS and LIG categories.

Locations: Ramgarh Colony, Siraspur, Loknayakpuram, Rohini, and Narela.

Price Range: Starting at ₹11.5 lakh.

Mode: First Come First Serve (FCFS).

Detailed Explanation:

The Delhi Development Authority (DDA) has rolled out Phase II of the 2024 Sasta Ghar Housing Scheme, offering over 2,600 affordable flats across several locations in Delhi.

Locations: Flats are available in Narela, Rohini, Manglapuri (Dwarka), Siraspur, and Loknayakpuram.

Demand Surge: Over 600 flats were sold within hours of the scheme's launch.

Manglapuri (Dwarka): All 191 EWS flats sold out quickly.

Narela: Over 200 EWS flats were sold in just a few hours.

Pricing: Flats are offered at discounted rates to ensure affordability.

Sasta Ghar Housing Scheme:

Flats: EWS and LIG categories.

Locations: Ramgarh Colony, Siraspur, Loknayakpuram, Rohini, and Narela.

Price Range: Starting at ₹11.5 lakh.

Mode: First Come First Serve (FCFS).

General Housing Scheme:

Flats: All categories (HIG, MIG, LIG, EWS).

Locations: Jasola, Loknayakpuram, Narela.

Price Range: Starting at ₹29 lakh.

Units: Around 5,400 flats at 2023 prices with no escalation.

Dwarka Housing Scheme:

Flats: MIG, HIG, and premium categories.

Locations: Dwarka Sectors 14, 16B, and 19B.

Price Range: Starting at ₹128 lakh.

Units: 173 flats available via e-auction.

10) Answer: E

Short Explanation:

Union Minister for Social Justice and Empowerment, Virendra Kumar, inaugurated 'Tulip', a new digital platform designed to improve market access for artisans from marginalized communities.

The launch took place during the 15-day Shilp Samagam Mela at Dilli Haat, which showcases traditional handicrafts and skill demonstrations while enabling direct support for artisan communities.

Detailed Explanation:

Union Minister for Social Justice and Empowerment, Virendra Kumar, inaugurated 'Tulip', a new digital platform designed to improve market access for artisans from marginalized communities.

The launch took place during the 15-day Shilp Samagam Mela at Dilli Haat, which showcases traditional handicrafts and skill demonstrations while enabling direct support for artisan communities.

Scheduled Castes (SCs), Scheduled Tribes (STs), Other Backward Classes (OBCs), Safai Karmacharis, Persons with Disabilities, and minority groups.

Connect artisans to domestic and global markets.

Eliminate intermediaries to ensure fair compensation.

Promote financial independence and self-reliance for traditional craft workers.

11) Answer: C

Short Explanation:

The 35th Triservices Commanders’ Conference (TSTCC) was chaired by Chief of Defence Staff (CDS), General Anil Chauhan, on 13 November 2024 at the Southern Naval Command (SNC), Kochi.

Attended by commanders and officers from all three services, the event emphasized jointmanship, synergy, and training integration in a rapidly evolving multi-domain battlespace.

Detailed Explanation:

The 35th Triservices Commanders’ Conference (TSTCC) was chaired by Chief of Defence Staff (CDS), General Anil Chauhan, on 13 November 2024 at the Southern Naval Command (SNC), Kochi.

Attended by commanders and officers from all three services, the event emphasized jointmanship, synergy, and training integration in a rapidly evolving multi-domain battlespace.

Integrated Training: The CDS highlighted the necessity for joint training across the Army, Navy, and Air Force to address future security challenges and execute operations as a theaterised force.

Innovative Approaches: Emphasis was placed on utilizing modern technology, optimizing resources, and adopting innovative training strategies to align with the dynamics of modern warfare.

Continuation from 34th TSTCC: Building on the Shimla conference in 2023, the 35th edition reviewed the progress in joint training and outlined measures to optimize shared facilities across the services.

12) Answer: A

Short Explanation:

The first United States (US)-India Indian Ocean Dialogue will be held on November 14, 2024, aimed at deepening cooperation in the Indian Ocean Region in New Delhi.

In January 2015, during President Barack Obama's visit, both countries issued a Joint Strategic Vision for the Asia-Pacific and Indian Ocean Region.

Detailed Explanation:

The first United States (US)-India Indian Ocean Dialogue will be held on November 14, 2024, aimed at deepening cooperation in the Indian Ocean Region in New Delhi.

Focus of the Dialogue:The two sides will discuss measures to promote security and prosperity across the Indo-Pacific region.

The dialogue highlights ongoing cooperation on security and stability in the Indian Ocean.

iCET (India-US Critical and Emerging Technologies Initiative):A session on the Critical and Emerging Technologies (iCET) will also be held, focusing on expanding cooperation between the two countries on technological innovation and production.

In January 2015, during President Barack Obama's visit, both countries issued a Joint Strategic Vision for the Asia-Pacific and Indian Ocean Region.

Quad Grouping:TheQuad (India, Australia, Japan, and the US) is a key group focusing on the Indian Ocean Region and has announced the Indo-Pacific Maritime Domain Awareness Initiative, aimed at improving maritime security in the region.

13) Answer: D

Short Explanation:

The 18th Pravasi Bharatiya Divas will be held in Bhubaneswar, Odisha, from January 8 to January 10, 2025.

The event will be inaugurated by Prime Minister Narendra Modi.

The theme for the 18th PBD Convention is "Diaspora's Contribution to a Viksit Bharat" (Developed India).

Detailed Explanation:

The 18th Pravasi Bharatiya Divas will be held in Bhubaneswar, Odisha, from January 8 to January 10, 2025.

The event will be inaugurated by Prime Minister Narendra Modi.

Other dignitaries include President Droupadi Murmu, Union Ministers, and Odisha Chief Minister Mohan Charan Majhi.

The event will take place at Janata Maidan in Bhubaneswar.

The theme for the 18th PBD Convention is "Diaspora's Contribution to a Viksit Bharat" (Developed India).

Purpose of PBD: The PBD Convention commemorates the arrival of Mahatma Gandhi in India from South Africa on January 9, 1915, and celebrates the contributions of the Overseas Indian Community to India's development.

A youth edition of the convention will be organized in partnership with the Ministry of Youth Affairs and Sports.

14) Answer: D

Short Explanation:

Meghalaya is celebrating the "Year of Legends" with the return of the Shillong Cherry Blossom Festival 2024.

The Shillong Cherry Blossom Festival, first launched in 2016, is the world's first autumn Cherry Blossom festival.

Detailed Explanation:

Meghalaya is celebrating the "Year of Legends" with the return of the Shillong Cherry Blossom Festival 2024.

The festival will take place on November 15-16, 2024, at the RDSA Sports Complex in Shillong.

The Shillong Cherry Blossom Festival has become one of India's most anticipated cultural events, blending culture, music, and nature.

The celebration of Cherry Blossoms (Hanami) has been a part of Japanese tradition for over a thousand years.

The Shillong Cherry Blossom Festival, first launched in 2016, is the world's first autumn Cherry Blossom festival.

15) Answer: B

Short Explanation:

The Commonwealth of Dominica is set to honor Indian Prime Minister Narendra Modi with its highest national accolade, the Dominica Award of Honour, for his significant contributions to the Caribbean nation during the COVID-19 pandemic and his efforts to strengthen bilateral ties.

The award will be presented by Dominican President Sylvanie Burton during the upcoming India-CARICOM Summit in Georgetown, Guyana, from November 19 to 21, 2024.

Detailed Explanation:

The Commonwealth of Dominica is set to honor Indian Prime Minister Narendra Modi with its highest national accolade, the Dominica Award of Honour, for his significant contributions to the Caribbean nation during the Covid-19 pandemic and his efforts to strengthen bilateral ties.

The award will be presented by Dominican President Sylvanie Burton during the upcoming India-CARICOM Summit in Georgetown, Guyana, from November 19 to 21, 2024.

Vaccine Diplomacy: PM Modi supplied 70,000 doses of AstraZeneca vaccines to Dominica in February 2021, assisting the nation during the critical phase of the pandemic.

Bilateral Partnership: Acknowledgment of PM Modi’s efforts in strengthening ties between India and Dominica in areas such as healthcare, education, and information technology.

16) Answer: A

Short Explanation:

Praveena Rai has taken office as the CEO and Managing Director of the Multi Commodity Exchange of India (MCX) for a five-year term.

She succeeds P S Reddy, who completed his five-year tenure in May 2024.

Detailed Explanation:

Praveena Rai has taken office as the CEO and Managing Director of the Multi Commodity Exchange of India (MCX) for a five-year term.

She succeeds P S Reddy, who completed his five-year tenure in May 2024.

Rai was the Chief Operating Officer at the National Payments Corporation of India (NPCI), where she managed marketing, business development, product management, and operations.

She previously served as Regional Head of Payments for Asia Pacific at HSBC.

She managed the cash management portfolio at Kotak Mahindra Bank, which is MCX's largest shareholder.

17) Answer: A

Short Explanation:

Life Insurance Corporation (LIC) sold a 2.02% stake in Tata Power for ₹2,888 crore, reducing its holding in the company from 5.906% to 3.881%.

LIC sold 6.47 crore shares of Tata Power, reducing its stake from 18,87,06,367 shares to 12,39,91,097 shares.

The shares were sold between June 20, 2024, and November 11, 2024, through an open market sale.

Detailed Explanation:

Life Insurance Corporation (LIC) sold a 2.02% stake in Tata Power for ₹2,888 crore, reducing its holding in the company from 5.906% to 3.881%.

LIC sold 6.47 crore shares of Tata Power, reducing its stake from 18,87,06,367 shares to 12,39,91,097 shares.

The shares were sold between June 20, 2024, and November 11, 2024, through an open market sale.

The shares were sold at an average price of ₹446.402 per share.

After the sale, LIC’s remaining stake in Tata Power stands at 3.88%.

LIC’s shares closed at ₹921.45 apiece, up 0.32% from the previous close on the Bombay Stock Exchange (BSE).

The stake sale is part of LIC’s strategy to reduce its holdings in non-core investments.

18) Answer: A

Short Explanation:

The Air India Group completed the operational and legal merger between Air India and Vistara, enabling Singapore Airlines (SIA) to hold a 25.1 per cent stake in the merged entity.

Detailed Explanation:

The Air India Group completed the operational and legal merger between Air India and Vistara, enabling Singapore Airlines (SIA) to hold a 25.1 per cent stake in the merged entity.

Previous Structure of Vistara: Vistara was previously a joint venture with a 51:49 shareholding ratio between Tata Group and Singapore Airlines.

Consolidation within Tata Group: This merger comes after the October 2024 consolidation of Tata’s low-cost carriers, Air India Express and AIX Connect (formerly AirAsia India).

Fleet and Routes:Air India Group Fleet: The merged Air India Group operates 300 aircraft.

Air India Full-Service Operations: Air India will now operate 5,600 weekly flights across 90 destinations with 208 aircraft.

Air India Express: It will run 2,700 weekly flights to 45 destinations with a fleet of 90 aircraft.

19) Answer: B

Short Explanation:

International Day for Tolerance 2024 is observed on the 16th of November 2024.

In 1993, at the initiative of UNESCO, the United Nations proclaimed 1995 as “The Year for Tolerance”.

Detailed Explanation:

International Day for Tolerance 2024 is observed on the 16th of November 2024.

In 1993, at the initiative of UNESCO, the United Nations proclaimed 1995 as “The Year for Tolerance”.

UNESCO’s 1995 Declaration of Principles on Tolerance was that tolerance is respect, acceptance, and appreciation of the rich diversity of our world’s cultures, our forms of expression, and our ways of being human.

The United Nations General Assembly decided to celebrate International Day for Tolerance every year.

One year later in 1996, the UN General Assembly decided 16th of November was the International Day for Tolerance and it would be celebrated every year.

20) Answer: D

Short Explanation:

National Epilepsy Day 2024 is observed on the 17th of November 2024.

National Epilepsy Day was first observed by the Epilepsy Foundation of India to reduce Epilepsy conditions in India.

Detailed Explanation:

National Epilepsy Day 2024 is observed on the 17th of November 2024.

National Epilepsy Day was first observed by the Epilepsy Foundation of India to reduce Epilepsy conditions in India.

Epilepsy Foundation in India is a non-profitable charity Organisation.

Epilepsy Foundation of India was formed by Dr. Nirmal Surya located in Mumbai.

The Charity helps a lot of people who are suffering from Epilepsy and they are conducting awareness programs to reduce the fear of Epilepsy among peop