Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2024 of 17th October 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) In Oct’24, Which company has opened a cutting-edge Tech Hub in Maharashtra with the goal of fostering innovation and growth inside the organization?

(a) Visa

(b) Mastercard

(c) Rupay

(d) Americanexpress

(e) Dinerclub

2) Recently, the Governor of the Reserve Bank of India Shaktikanta Das issues a warning, saying that relying too much on AI might jeopardize the stability of the financial system. How many major trade currencies are settled by India's real-time gross settlement system (RTGS) that operates around-the-clock?

(a) 1

(b) 2

(c) 3

(d) 4

(e) 5

3) Which year, prior to license cancellation or loan cycle completion, does the Reserve Bank of India order credit institutions to provide borrower credit information to credit information companies?

(a) 2000

(b) 2001

(c) 2002

(d) 2005

(e) 2009

4) Which Bank has teamed with International Finance Corporation (IFC), a division of the World Bank Group, to offer a $500 million (about ₹4,200 crore) loan?

(a) Axis bank

(b) ICICI bank

(c) IDBI bank

(d) HDFC bank

(e) DBS bank

5) The "bob Masterstroke Savings Account," designed for high-end clients, was introduced by Bank of Baroda (BoB). Who was chosen to be BoB's international brand ambassador?

(a) Virat Kohli

(b) Sachin Tendulkar

(c) Rahul Dravid

(d) MS Dhoni

(e) Hardik Pandey

6) The Reserve Bank of India suggests outlawing the use of group entities by banks to get around regulatory compliance. What percentage of a company's assets may banks invest in at most?

(a) 10%

(b) 20%

(c) 30%

(d) 40%

(e) 50%

7) Which Foundation Day was celebrated by Telecommunications Consultants India Limited (TCIL) on October 15, 2024, at the SCOPE Convention Center in New Delhi?

(a) 41st

(b) 48th

(c) 43rd

(d) 45th

(e) 46th

8) In order to provide access to affordable healthcare, SECL opens the 216th AMRIT Pharmacy in Bilaspur. SECL became the first coal company in India to run how many AMRIT pharmacies with this expansion?

(a) 4

(b) 5

(c) 3

(d) 6

(e) 7

9) Under the direction of Prime Minister Narendra Modi, the Cabinet Committee on Economic Affairs (CCEA) has recommended raising the Minimum Support Prices (MSP) for all required Rabi crops for the 2025–2026 marketing season. Which crop saw the highest increase in MSP?

(a) Masur

(b) Wheat

(c) Rapeseed & Mustard

(d) Barley

(e) Gram

10) Under the direction of Prime Minister Narendra Modi, the Union Cabinet has authorized a major multi-tracking railway project that would likely cost how many crores?

(a)  ₹2,642 crore

(b)  ₹2,542 crore

(c)  ₹2,442 crore

(d)  ₹2,342 crore

(e)  ₹2,242 crore

11) In 2024, the World Health Organization (WHO) determined that there was no longer a public health concern with trachoma in India. In the South-East Asia region, India is the _________ nation to reach this milestone.

(a) 1st

(b) 2nd

(c) 3rd

(d) 4th

(e) 5th

12) The 19th East Asia Summit (EAS) was attended by Prime Minister Shri Narendra Modi in Vientiane, Lao PDR, on October 11, 2024. At present, the EAS comprises of how many nations, accounting for 54% of the world's population and 58% of its GDP?

(a) 15

(b) 16

(c) 17

(d) 18

(e) 19

13) The government of Gujarat has declared the establishment of a Caracal Breeding and Conservation Center in the Kutch region's Chadva Rakhal. What is the total amount of money allotted for the creation of this center—in crores?

(a) Rs.5crore

(b) Rs.10crore

(c) Rs.15crore

(d) Rs.20crore

(e) Rs.25crore

14) The Indian Coast Guard (ICG) welcomed Director General Paramesh Sivamani as the new ____________ Director General.

(a) 24th

(b) 25th

(c) 26th

(d) 27th

(e) 28th

15) Tata Steel CEO and Managing Director Thachat Viswanath Narendran has been elected as the World Steel Association's (worldsteel) new chairman. Where was the World Steel Association headquarters?

(a) Indonesia

(b) Belgium

(c) France

(d) Denmark

(e) Germany

16) Who was chosen by the Public Enterprise Selection Board (PESB) to fill the position of Chairman and
Managing Director (CMD) of AI Assets Holding Limited (AIAHL), a Public Sector Undertaking (PSU) classified as Schedule "B"?

(a) Ajith kumar

(b) Amit kumar

(c) Varun Krishnan

(d) Hardeep Singh

(e) Srinivasan

17) October 14, 2024, saw the start of MALABAR 2024 Seaphase exercise off the coast of Visakhapatnam. Which country did not participate in the naval force exercise?

(a) Australia

(b) India

(c) Japan

(d) USA

(e) Russia

18) Recently in Oct’24, the INS Talwar arrives in South Africa to participate in the IBSAMAR VIII naval exercise. In which year was the ship commissioned?

(a) 2000

(b) 2001

(c) 2002

(d) 2003

(e) 2005

19) When is the International Day for Poverty Eradication 2024 observed?

(a) October 15

(b) October 14

(c) October 16

(d) October 17

(e) October 18

20) The National Space Commission has approved India's _______- lunar mission, known as the Lunar Polar Exploration Mission(LUPEX).

(a) 1st

(b) 2nd

(c) 3rd

(d) 4th

(e) 5th

21) An Indian Competition Commission Approves the purchase of what percentage of Future Generali India Insurance by the Central Bank of India?

(a) 24.91%

(b) 22.91%

(c) 23.91%

(d) 25.91%

(e) 27.91%

22) The combination of Tata Capital, an unlisted firm, with Tata Motors financing (TMFL) has been approved by the Reserve Bank of India (RBI), allowing the establishment of India's _________biggest non-banking financing company.

(a) 10th

(b) 11th

(c) 12th

(d) 13th

(e) 15th

23) Where is the Velavadar National Park located in?

(a) Odisha

(b) Gujarat

(c) Karantaka

(d) Maharashtra

(e) Chattisgarh

24) Where was the Future Generali India Insurance Company Limited (FGIICL) located in?

(a) Odisha

(b) Gujarat

(c) Karantaka

(d) Maharashtra

(e) Chattisgarh

25) Recently, the ASEAN has agreed in principle to accept Timor-Leste as its _____ member.

(a) 10th

(b) 11th

(c) 12th

(d) 13th

(e) 9th

Answers :

1) Answer: B

Short Explanation:

Mastercard inaugurated a state-of-the-art Tech Hub in Pune,Maharashtra, India, aimed at supporting growth and innovation within the company.

The new campus covers nearly half a million square meters and is located at Bluegrass Business Park in Yerwada, Pune.

Detailed Explanation:

Mastercard inaugurated a state-of-the-art Tech Hub in Pune,Maharashtra, India, aimed at supporting growth and innovation within the company.

The new campus covers nearly half a million square meters and is located at Bluegrass Business Park in Yerwada, Pune.

Workforce: The Tech Hub will accommodate over 6,000 professionals, including technologists, engineers, and experts in fields such as software development, data architecture, finance, and cybersecurity, making it Mastercard’s largest workforce in a single city globally.

Global Tech Hub Ecosystem: This facility is part of Mastercard's global Tech Hub ecosystem, which includes seven locations: Arlington, Dublin, New York, Pune, St. Louis, Sydney, and Vancouver.

2) Answer: C

Short Explanation:

Reserve Bank of India (RBI) Governor Shaktikanta Das emphasized that while Artificial Intelligence (AI) and machine learning (ML) offer opportunities for growth in the financial sector, excessive dependence on these technologies could threaten financial stability.

RTGS Expansion: He suggested exploring the feasibility of expanding India's 24x7 real-time gross settlement system (RTGS) to settle transactions in major trade currencies like the US dollar, euro, and British pound through bilateral or multilateral agreements.

Detailed Explanation:

Reserve Bank of India (RBI) Governor Shaktikanta Das emphasized that while Artificial Intelligence (AI) and machine learning (ML) offer opportunities for growth in the financial sector, excessive dependence on these technologies could threaten financial stability.

Vulnerabilities Introduced by AI: The increasing use of AI heightens vulnerabilities to cyberattacks and data breaches. AI's opaque nature makes auditing and interpreting decision-driving algorithms challenging, potentially resulting in unpredictable market outcomes.

RTGS Expansion: He suggested exploring the feasibility of expanding India's 24x7 real-time gross settlement system (RTGS) to settle transactions in major trade currencies like the US dollar, euro, and British pound through bilateral or multilateral agreements.

3) Answer: D

Short Explanation:

The Reserve Bank of India (RBI) has mandated credit institutions (CIs) to provide credit information of onboarded borrowers to credit information companies (CICs).

Current Status of CIs: Entities whose licenses or Certificates of Registration (CoR) have been canceled by the RBI are not recognized as CIs under the Credit Information Companies (Regulation) Act, 2005 (CICRA).

Detailed Explanation:

The Reserve Bank of India (RBI) has mandated credit institutions (CIs) to provide credit information of onboarded borrowers to credit information companies (CICs) before:

The cancellation of their license.

The shutdown of operations.

The completion of the borrower's loan cycle, whichever occurs first.

Current Status of CIs: Entities whose licenses or Certificates of Registration (CoR) have been canceled by the RBI are not recognized as CIs under the Credit Information Companies (Regulation) Act, 2005 (CICRA).

4) Answer: A

Short Explanation:

International Finance Corporation (IFC), part of the World Bank Group, has partnered with Axis Bank to provide a $500 million (approx. ₹4,200 crore) loan.

The purpose of the loan is to develop a blue finance market and scale up financing for green projects in India.

Detailed Explanation:

International Finance Corporation (IFC), part of the World Bank Group, has partnered with Axis Bank to provide a $500 million (approx. ₹4,200 crore) loan.

The purpose of the loan is to develop a blue finance market and scale up financing for green projects in India.

This is IFC's first blue investment in India and the first blue transaction by a financial institution in the country.

Blue loans are financing instruments that raise and earmark funds for investments such as water and wastewater management, reduction of marine plastic pollution, restoration of marine ecosystems, sustainable shipping, eco-friendly tourism, and offshore renewable energy.

5) Answer: B

Short Explanation:

Bank of Baroda (BoB) launched the 'bob Masterstroke Savings Account'tailored for high-end customers.

Cricket legend Sachin Tendulkar appointed as BoB’s global brand ambassador.

Detailed Explanation:

Bank of Baroda (BoB) launched the 'bob Masterstroke Savings Account'tailored for high-end customers.

Quarterly average balance requirement of ₹10 lakh.

Higher interest rate on balances through the Flexi Fixed Deposit facility.

Concessional interest rates on retail loans.

Exclusive bob World Opulence Visa Infinite Debit Card (Metal Edition).

Lifetime-free Eterna Credit Card (subject to eligibility).

Cricket legend Sachin Tendulkar appointed as BoB’s global brand ambassador.

6) Answer: C

Short Explanation:

The Reserve Bank of India (RBI) has proposed that banks should not use group entities to circumvent regulations applicable to them, as per a draft circular on 'forms of business and prudential regulations for investments.'

Banks’ investments in any company are capped at a maximum stake of 30%.

Detailed Explanation:

The Reserve Bank of India (RBI) has proposed that banks should not use group entities to circumvent regulations applicable to them, as per a draft circular on 'forms of business and prudential regulations for investments.'

RBI Approval Requirement: Banks must seek approval from the RBI’s Department of Regulation before starting any new activity through group entities, apart from already permitted activities.

Investment Restrictions:

Banks’ investments in any company are capped at a maximum stake of 30%.

Banks are prohibited from investing in Category III Alternative Investment Funds (AIFs).

Subsidiary investments in Category III AIFs are restricted by SEBI regulations.

7) Answer: E

Short Explanation:

Telecommunications Consultants India Limited (TCIL) marked its 46th Foundation Day on 15th October 2024 at the SCOPE Convention Center, New Delhi.

Shri Sanjeev Kumar, CMD of TCIL, delivered the keynote address, expressing gratitude to the employees for their dedication and contributions.

He highlighted TCIL’s alignment with the government’s 'Make in India' initiative and its ambitious plans for global expansion.

Detailed Explanation:

Telecommunications Consultants India Limited (TCIL) marked its 46th Foundation Day on 15th October 2024 at the SCOPE Convention Center, New Delhi.

Shri Sanjeev Kumar, CMD of TCIL, delivered the keynote address, expressing gratitude to the employees for their dedication and contributions.

He highlighted TCIL’s alignment with the government’s 'Make in India' initiative and its ambitious plans for global expansion.

Acknowledged the company's strong financial performance, including a cumulative dividend of ₹4,055.69 crore paid to the government.

Winners of the Annual Awards for FY 2023-24 were felicitated for their contributions to the company’s success.

A souvenir commemorating TCIL’s role in India's Digital Infrastructure development was released, in collaboration with Elets Technomedia Pvt Ltd, the media partner for the event.

An updated version of TCIL’s HR Manual was launched, reflecting the company’s focus on evolving HR practices.

8) Answer: A

Short Explanation:

South Eastern Coalfields Limited (SECL), a Chhattisgarh-based subsidiary of Coal India, inaugurated the 216th AMRIT (Affordable Medicines and Reliable Implants for Treatment) Pharmacy at the Health Centre in Indira Vihar Colony, Bilaspur.

With this addition, SECL became India's first coal company to operate four AMRIT pharmacies.

Detailed Explanation:

South Eastern Coalfields Limited (SECL), a Chhattisgarh-based subsidiary of Coal India, inaugurated the 216th AMRIT (Affordable Medicines and Reliable Implants for Treatment) Pharmacy at the Health Centre in Indira Vihar Colony, Bilaspur.

With this addition, SECL became India's first coal company to operate four AMRIT pharmacies.

The AMRIT pharmacies are part of a flagship initiative by the Ministry of Health and Family Welfare, launched in 2015.

These pharmacies offer a wide range of generic and life-saving branded drugs, implants, and surgical consumables at subsidized rates.

SECL's four pharmacies are located at:

Indira Vihar Colony Health Centre, Bilaspur (CG)

Central Hospital, Gevra, Korba District (CG)

Central Hospital, Sohagpur, Shahdol District (MP)

Central Hospital, Chirimiri, Manendragarh-Chirimiri-Bharatpur District (CG)

9) Answer: C

Short Explanation:

The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved increasing Minimum Support Prices (MSP) for all mandated Rabi crops for the 2025-26 marketing season.

Highest MSP Increase:

Rapeseed & Mustard: ₹300 per quintal (highest increase).

Lentil (Masur): ₹275 per quintal.

Detailed Explanation:

The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved increasing Minimum Support Prices (MSP) for all mandated Rabi crops for the 2025-26 marketing season.

This decision aims to ensure remunerative prices for farmers and promote crop diversification.

Highest MSP Increase:

Rapeseed & Mustard: ₹300 per quintal (highest increase).

Lentil (Masur): ₹275 per quintal.

Other Crops:

Gram: ₹210 per quintal.

Wheat: ₹150 per quintal.

Safflower: ₹140 per quintal.

Barley: ₹130 per quintal.

10) Answer: A

Short Explanation:

The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved a significant multi-tracking railway project with an estimated cost of ₹2,642 crore.

This initiative, spearheaded by the Ministry of Railways, focuses on easing congestion and enhancing infrastructure on one of the busiest railway sections, traversing through Varanasi and Chandauli districts in Uttar Pradesh.

Detailed Explanation:

The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved a significant multi-tracking railway project with an estimated cost of ₹2,642 crore.

This initiative, spearheaded by the Ministry of Railways, focuses on easing congestion and enhancing infrastructure on one of the busiest railway sections, traversing through Varanasi and Chandauli districts in Uttar Pradesh.

Varanasi Railway Station: A critical hub, the station connects key zones and caters to pilgrims, tourists, and the local population.

The Varanasi-Pt. Deen Dayal Upadhyaya (DDU) Junction route faces heavy congestion due to its dual role in passenger and freight traffic.

11) Answer: C

Short Explanation:

The World Health Organization (WHO) declared India free from Trachoma as a public health problem in 2024.

India is the third country in the South-East Asia Region to achieve this milestone.

Trachoma is a bacterial infection caused by Chlamydia trachomatis that affects the eyes.

Detailed Explanation:

The World Health Organization (WHO) declared India free from Trachoma as a public health problem in 2024.

India is the third country in the South-East Asia Region to achieve this milestone.

Trachoma is a bacterial infection caused by Chlamydia trachomatis that affects the eyes.

It is classified as a neglected tropical disease by the WHO.

Global Context:As of October 2024, 20 countries worldwide have eliminated Trachoma as a public health issue.

The World Health Assembly has set a global target of 2030 for the elimination of Trachoma.

12) Answer: D

Short Explanation:

Prime Minister Shri Narendra Modi attended the 19th East Asia Summit (EAS) on 11 October 2024 in Vientiane, Lao PDR.

The EAS was established in 2005 by the Association of Southeast Asian Nations (ASEAN) and is held annually.

Currently, EAS is a forum of 18 countries that represent 54% of the world's population and 58% of global GDP.

Detailed Explanation:

Prime Minister Shri Narendra Modi attended the 19th East Asia Summit (EAS) on 11 October 2024 in Vientiane, Lao PDR.

The East Asia Summit (EAS) is a forum for leaders of countries in the Indo-Pacific region to discuss political, security, and economic challenges.

The EAS was established in 2005 by the Association of Southeast Asian Nations (ASEAN) and is held annually.

The EAS was launched in Kuala Lumpur, Malaysia in 2005.

The EAS was originally attended by 16 countries from East Asia, Southeast Asia, South Asia, and Oceania.

In 2011, membership expanded to 18 countries, including Russia and the United States.

Currently, EAS is a forum of 18 countries that represent 54% of the world's population and 58% of global GDP.

13) Answer: B

Short Explanation:

The Gujarat government has announced the creation of a Caracal Breeding and Conservation Center in the Chadva Rakhal region of Kutch.

A budget of ₹10 crore has been allocated for the establishment of this center.

Detailed Explanation:

The Gujarat government has announced the creation of a Caracal Breeding and Conservation Center in the Chadva Rakhal region of Kutch.

A budget of ₹10 crore has been allocated for the establishment of this center.

The center aims to protect and breed the rare and critically endangered Caracal species found in Gujarat's Kutch district.

In India, the Caracal is referred to as "siya gosh," which translates from Persian as 'black ear.'

Caracals are nocturnal animals recognized for their agility, hunting prowess, and distinctive ear tufts. They typically inhabit dry, arid regions and moist woodlands and are known to live in small herds.

14) Answer: C

Short Explanation:

Director General Paramesh Sivamani took over as the 26th Director General of the Indian Coast Guard (ICG).

He has over 35 years of experience in various roles both onshore and offshore within the ICG.

Detailed Explanation:

Director General Paramesh Sivamani took over as the 26th Director General of the Indian Coast Guard (ICG).

He has over 35 years of experience in various roles both onshore and offshore within the ICG.

He specialises in Navigation & Direction and his sea commands include all major vessels of ICG which include Advanced Offshore Patrol Vessel ‘Samar’ & Offshore Patrol Vessel ‘Vishwast’.

He was at the helm of Coast Guard Region (East), Coast Guard Region (West), Coast Guard Commander Eastern Seaboard).

He was elevated to the rank of Additional Director General in September 2022, and was subsequently posted at the Coast Guard Headquarters, New Delhi.

15) Answer: B

Short Explanation:

Global body World Steel Association (worldsteel) has elected Tata Steel Managing Director (MD) and Chief Executive Officer (CEO) Thachat Viswanath Narendran as its chairman.

About World Steel Association :

Founded : 10 July 1967

Headquarters : Brussels, Belgium

Detailed Explanation:

Global body World Steel Association (worldsteel) has elected Tata Steel Managing Director (MD) and Chief Executive Officer (CEO) Thachat Viswanath Narendran as its chairman.

He is the second Indian to hold this position, following Sajjan Jindal of JSW Group, who served as chairman in 2021.

About World Steel Association :

Founded : 10 July 1967

Headquarters : Brussels, Belgium

16) Answer: B

Short Explanation:

Amit Kumar was selected by the Public Enterprise Selection Board (PESB) for the role of Chairman & Managing Director (CMD) of AI Assets Holding Limited (AIAHL), a Schedule ‘B’ Public Sector Undertaking (PSU).

Kumar is currently serving as the Executive Director Asset Manager at ONGC (Oil and Natural Gas Corporation).

Detailed Explanation:

Amit Kumar was selected by the Public Enterprise Selection Board (PESB) for the role of Chairman & Managing Director (CMD) of AI Assets Holding Limited (AIAHL), a Schedule ‘B’ Public Sector Undertaking (PSU).

Kumar is currently serving as the Executive Director Asset Manager at ONGC (Oil and Natural Gas Corporation).

He was chosen from a pool of seven candidates for this position.

His appointment is subject to necessary clearances and approval from the Appointments Committee of the Cabinet (ACC).

17) Answer: E

Short Explanation:

The Sea Phase of Exercise MALABAR 2024 commenced on October 14, 2024, off the coast of Visakhapatnam.

Participating Nations: The exercise involves naval forces from Australia, India, Japan, and the USA.

Detailed Explanation:

The Sea Phase of Exercise MALABAR 2024 commenced on October 14, 2024, off the coast of Visakhapatnam.

Participating Nations: The exercise involves naval forces from Australia, India, Japan, and the USA.

Operational Focus: The participating navies are conducting a variety of maritime warfare operations, including:

Surface warfare

Sub-surface warfare

Air warfare

18) Answer: D

Short Explanation:

INS Talwar, a frontline stealth frigate of the Indian Navy, arrived at Simon's Town, South Africa, on 6 October 2024 to participate in IBSAMAR VIII.

Purpose: IBSAMAR is a joint maritime exercise among India, Brazil, and South Africa, scheduled from 6 to 18 October 2024.

INS Talwar: The ship was commissioned on 18 June 2003, serves under the Western Naval Command, and is commanded by Captain Jithu George.

Detailed Explanation:

INS Talwar, a frontline stealth frigate of the Indian Navy, arrived at Simon's Town, South Africa, on 6 October 2024 to participate in IBSAMAR VIII.

Purpose: IBSAMAR is a joint maritime exercise among India, Brazil, and South Africa, scheduled from 6 to 18 October 2024.

India-South Africa Cooperation: Defence cooperation between India and South Africa has strengthened, with operational sea training and Submarine Rescue Support initiated during the 12th Navy-to-Navy talks held in New Delhi in August 2024.

INS Talwar: The ship was commissioned on 18 June 2003, serves under the Western Naval Command, and is commanded by Captain Jithu George.

19) Answer: D

Short Explanation:

The International Day for the Eradication of Poverty 2024 will be observed on October 17th, focusing on global efforts to eliminate poverty and uphold human rights.

Detailed Explanation:

The International Day for the Eradication of Poverty 2024 will be observed on October 17th, focusing on global efforts to eliminate poverty and uphold human rights.

The day was first commemorated on October 17, 1987, at the Trocadéro in Paris, where more than 100,000 people gathered.

It marked the unveiling of a memorial stone by Joseph Wresinski, a French priest and humanitarian activist.

The event honored those who had died from extreme poverty, violence, and hunger, and proclaimed that poverty is a violation of human rights. It emphasized the need for collective action to protect these rights.

20) Answer: E

Short Explanation:

The National Space Commission has cleared India's fifth lunar mission, named the Lunar Polar Exploration Mission (LUPEX).

LUPEX is a joint mission between the Indian Space Research Organisation (ISRO) and the Japan Aerospace Exploration Agency (JAXA).

Detailed Explanation:

The National Space Commission has cleared India's fifth lunar mission, named the Lunar Polar Exploration Mission (LUPEX).

LUPEX is a joint mission between the Indian Space Research Organisation (ISRO) and the Japan Aerospace Exploration Agency (JAXA).

It will also involve observation instruments from NASA and the European Space Agency (ESA).

Launch Schedule: The LUPEX mission is currently scheduled for launch in 2025.

Operational Duration: It is expected to operate for up to 100 days on the lunar surface, significantly longer than Chandrayaan-3's operational period.

21) Answer: A

Short Explanation:

The Competition Commission of India (CCI) has approved Central Bank of India's acquisition of stakes in Future Generali India Insurance.

24.91% equity stake in Future Generali India Insurance Company Limited (FGIICL).

Detailed Explanation:

The Competition Commission of India (CCI) has approved Central Bank of India's acquisition of stakes in Future Generali India Insurance.

Central Bank of India will acquire:

24.91% equity stake in Future Generali India Insurance Company Limited (FGIICL).

25.18% equity stake in Future Generali India Life Insurance Company Limited (FGILICL).

22) Answer: C

Short Explanation:

The Reserve Bank of India (RBI) has approved the merger of Tata Capital, an unlisted entity, with Tata Motors Finance (TMFL), paving the way for the formation of India’s 12th largest non-banking finance company.

The RBI sent its “no-objection” to both companies in October 2024, as per their regulatory filings.

Detailed Explanation:

The Reserve Bank of India (RBI) has approved the merger of Tata Capital, an unlisted entity, with Tata Motors Finance (TMFL), paving the way for the formation of India’s 12th largest non-banking finance company.

The RBI sent its “no-objection” to both companies in October 2024, as per their regulatory filings.

As part of the merger consideration, Tata Capital will issue equity shares to TMFL shareholders, resulting in Tata Motors holding a 4.7% stake in the merged entity.

Listing Mandate: The merged entity is expected to list its shares by September 2025, following RBI's requirement for upper-layer non-banking financial companies to be listed.

Ownership Structure: As of March 31, 2024, Tata Sons directly owns 92.83% of Tata Capital, with the rest held by other Tata Group companies and trusts.

23) Answer: B

About Gujarat :

Capital: Gandhinagar

Chief minister: Bhupendrabhai Patel

Governor: Acharya Devvrat

NP: Gir National Park, Marine National Park, Velavadar National Park, Jambughoda Wildlife Sanctuary, Barda Wildlife Sanctuary, Vansda National Park, Purna Wildlife Sanctuary, Gaga Wildlife Sanctuary

24) Answer: D

About Future Generali India Insurance Company Limited (FGIICL):

Founded: 2006.

Headquarters: Mumbai, Maharashtra.

Managing Director & CEO: Anup Rau.

It provides personal insurance, commercial insurance, social & rural insurance etc.

It provides savings insurance, investment plans (ULIP), term insurance plans, health insurance plans, child plans, retirement plans, rural insurance plans and group insurance plans.

25) Answer: B

Association of Southeast Asian Nations (ASEAN) is a regional grouping aimed at promoting economic and security cooperation.

Timor-Leste joined ASEAN as an Observer in 2022.

ASEAN has agreed in principle to accept Timor-Leste as its 11th member.