Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2024 of 18th December 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 report, how many crores in unclaimed maturity sums did Life Insurance Corporation (LIC) have in FY 2023–2024, with 372,282 policyholders failing to receive their maturity benefits?

(a) Rs 880.93 crore

(b) Rs 880.83 crore

(c) Rs 880.73 crore

(d) Rs 880.63 crore

(e) Rs 880.53 crore

2) According to the Reserve Bank of India (RBI), instructions were issued over a year ago to govern Payment Aggregator Cross-Border (PA-CB) firms. How many companies have obtained PA-CB licenses thus far?

(a) 2

(b) 3

(c) 4

(d) 5

(e) 6

3) Which financial services provider has maintained its lead over rivals in the stock broking market with 12.88 million active clients as of November 2024?

(a) Angelone

(b) Upstox

(c) Zerodha

(d) Groww

(e) Bajaj Finserv

4) Recently (Dec’24), Indian banks have written off loans of ₹12.3 lakh crore in the last decade.Which bank wrote off ₹2 lakh crore?

(a) Punjab National Bank

(b) State Bank of India

(c) Canara Bank

(d) Bank of Baroda

(e) Union Bank of India

5) Which bank held a Swiss challenge auction to sell bad debt to Jaiprakash Associates Limited (JAL) for ₹52,074 crore and allowed counter bids?

(a) Punjab National Bank

(b) State Bank of India

(c) Canara Bank

(d) Bank of Baroda

(e) Union Bank of India

6) In which state did Vice President Shri Jagdeep Dhankhar open the GSI Geoscience Museum, launching a world-class facility devoted to discovering and honoring Earth's geological treasures?

(a) Maharashtra

(b) Madhya Pradesh

(c) Gujarat

(d) Karnataka

(e) New Delhi

7) How many crores of capital expenditures must India make by 2030 to meet its public EV charging demand and fulfill its 30–40% electrification target, as per the FICCI EV Public Charging Infrastructure Roadmap 2030?

(a) Rs 16,000 crore

(b) Rs 12,000 crore

(c) Rs 14,000 crore

(d) Rs 15,000 crore

(e) Rs 18,000 crore

8) To help small and marginal farmers, the Indian government, led by Union Food and Consumer Affairs Minister Prahlad Joshi, launched the Credit Guarantee Scheme (CGS), worth how many crores?

(a) ₹1,000 crore

(b) ₹2,000 crore

(c) ₹3,000 crore

(d) ₹4,000 crore

(e) ₹5,000 crore

9) Which nation, along with India, established a "futuristic vision" to deepen their alliance by emphasizing connectivity and investment-led growth?

(a) Bangladesh

(b) Myanmar

(c) Sri Lanka

(d) Nepal

(e) Bhutan

10) On December 16, 2024, Tamil Nadu Chief Minister M.K. Stalin laid the cornerstone for a facility that will manufacture athletic and non-leather footwear in the Ranipet area. With an investment of how many crores, the Taiwanese corporation Hong Fu Group is establishing the plant?

(a) Rs.1000crore

(b) Rs.1200crore

(c) Rs.1500crore

(d) Rs.1800crore

(e) Rs.2000crore

11) How many peacebuilders were recognized by Women in Security, Conflict Management and Peace (WISCOMP) for their outstanding work with women in South Asian regions of protracted conflict?

(a) 11

(b) 12

(c) 10

(d) 20

(e) 15

12) In order to link its APIs with the Unified Logistics Interface Platform (ULIP), NICDC Logistics Data Services Ltd. (NLDS) and Hindustan Petroleum Corporation Limited (HPCL) have inked a significant deal. How many logistics datasets from eleven ministries, encompassing more than 1800 data variables, are accessible via API in the ULIP platform?

(a) 40

(b) 41

(c) 42

(d) 43

(e) 45

13) To increase the availability of its _____ vaccine worldwide, Bavarian Nordic (BN) has partnered with the Serum Institute of India (SII) to execute a manufacturing license arrangement.

(a) Dengue

(b) Malaria

(c) Monkeypox

(d) Mumps

(e) Rabies

14) As of December 2024, Which Limited and NHPC Limited have partnered strategically to develop and use cutting-edge dredging and desilting technologies?

(a) Bharat Earth Movers Ltd(BEML)

(b) Lasern &Turbo

(c) Tata Power

(d) Border Road Organisation

(e) Hindustan Constructions

15) The US-based investment firm KKR (Kohlberg Kravis Roberts & Co.) was granted approval by the Competition Commission of India (CCI) to purchase a share in Rebel Foods. How many kitchens does the Rebel Foods firm have spread across ten countries?

(a) 350

(b) 450

(c) 550

(d) 250

(e) 500

16) For how many crores did Coca-Cola sell Jubilant Bhartia Group a 40% share in its India bottling company, Hindustan Coca-Cola Beverages Private Limited (HCCBL)?

(a) Rs.11500crore

(b) Rs.10500crore

(c) Rs.12500crore

(d) Rs.13500crore

(e) Rs.15500crore

17) Recently(Dec’24), Google India named Preeti Lobana as its new Vice President and Country Manager. Who does she succeed?

(a) Ajay Gupta

(b) Ravi Gupta

(c) Sanjay Gupta

(d) Hari Gupta

(e) Kumar Gupta

18) Which department under Reliance Industries Limited (RIL) has Ira Bindra named as its Group President?

(a) Revenue

(b) Human Resource

(c) Marketing

(d) Cyber Security

(e) DevOps Engineer

19) When was International Migrants Day 2024 observed?

(a) December 19

(b) December 14

(c) December 15

(d) December 16

(e) December 18

20) The United Nations first commemorated Minorities Rights Day on December 18th of____year.

(a) 1991

(b) 1992

(c) 1993

(d) 1994

(e) 1995

Answers :

1) Answer: A

Short Explanation:

In FY 2023-24, Life Insurance Corporation (LIC) had unclaimed maturity amounts totaling Rs 880.93 crore, with 372,282 policyholders not claiming their maturity benefits.

The previous year (2022-23), unclaimed amounts were Rs 815.04 crore for 373,329 policyholders.

Detailed Explanation:

In FY 2023-24, Life Insurance Corporation (LIC) had unclaimed maturity amounts totaling Rs 880.93 crore, with 372,282 policyholders not claiming their maturity benefits.

The previous year (2022-23), unclaimed amounts were Rs 815.04 crore for 373,329 policyholders.

10 death claims worth Rs 14 lakh remained unclaimed during FY 2023-24.

Measures to Reduce Unclaimed Claims:LIC has taken steps to reduce unclaimed claims, including:

Advertisements in print, digital media, and radio jingles.

Sending reminder letters through post, email, and SMS where available.

Simplified claim settlement requiring only valid NEFT for settlement.

Continuous follow-up with policyholders through agents and development officers.

The largest decline in FER in the last 20 years occurred in the week ended October 24, 2008, with a decline of 5.65%.

Factors Affecting INR Exchange Rate:The exchange rate of the Indian Rupee (INR) is influenced by factors such as: Capital flows (including equity flows), Movement in the dollar index, Interest rates, Crude oil prices, Current account deficit.

2) Answer: C

Short Explanation:

The Reserve Bank of India (RBI) introduced guidelines over a year ago to regulate Payment Aggregator Cross-Border (PA-CB) entities.

Licenses Granted:Only four companies have received PA-CB licences so far:

Cashfree Payments

Amazon Pay

BillDesk

Adyen India

Detailed Explanation:

The Reserve Bank of India (RBI) introduced guidelines over a year ago to regulate Payment Aggregator Cross-Border (PA-CB) entities.

Licenses Granted:Only four companies have received PA-CB licences so far:

Cashfree Payments

Amazon Pay

BillDesk

Adyen India

This contrasts with 41 companies licensed as domestic online payment aggregators (PAs).

Obtaining a PA-CB licence is a challenging process, contributing to higher profit margins for licensed players.

CashfreePayments:Bengaluru-basedCashfree Payments was the first company to receive a PA-CB licence in July 2024.

3) Answer: D

Short Explanation:

Financial services player Growwis the dominant player in the stockbroking space with 12.88 million active clients as of November 2024, maintaining its lead over competitors.

Groww added 282,577 new users in November 2024, according to data from the National Stock Exchange (NSE).

Detailed Explanation:

Financial services player Growwis the dominant player in the stockbroking space with 12.88 million active clients as of November 2024, maintaining its lead over competitors.

Groww added 282,577 new users in November 2024, according to data from the National Stock Exchange (NSE).

Zerodhaholds the second spot with 8.12 million active users.

Angel One is in third place with 7.63 million active clients.

Upstoxis fourth with 2.87 million active users.

Active Investor Definition: The NSE classifies active investors as those who have completed at least one transaction in the past 12 months.

4) Answer: B

Short Explanation:

Between 2014-15 and 2023-24, Indian commercial banks wrote off ₹12.3 lakh crore in loans.

Public Sector Banks' Contribution: Public sector banks accounted for ₹6.5 lakh crore of the total write-offs during FY20-24.

Write-Offs by Major Banks: State Bank of India (SBI) wrote off ₹2 lakh crore, while Punjab National Bank (PNB) wrote off ₹94,702 crore in the last decade.

Detailed Explanation:

Between 2014-15 and 2023-24, Indian commercial banks wrote off ₹12.3 lakh crore in loans.

Public Sector Banks' Contribution: Public sector banks accounted for ₹6.5 lakh crore of the total write-offs during FY20-24.

Peak Write-Offs in FY19: Write-offs reached a peak of ₹2.4 lakh crore in FY19, following an asset quality review.

Write-Offs in FY24: The loan write-offs dropped to ₹1.7 lakh crore in FY24, representing 1% of the total outstanding bank credit.

Public Sector Banks’ Share in New Loans: Public sector banks' share of new loans decreased from 54% in FY23 to 51% in FY24.

NPAs for Private Sector Banks: Gross NPAs for private sector banks were ₹1,34,339 crore (1.86% of outstanding loans).

Write-Offs by Major Banks: State Bank of India (SBI) wrote off ₹2 lakh crore, while Punjab National Bank (PNB) wrote off ₹94,702 crore in the last decade.

5) Answer: B

Short Explanation:

State Bank of India (SBI) invited counter bids to sell bad debt worth ₹52,074 crore to Jaiprakash Associates Limited (JAL) through a Swiss challenge auction.

The auction was triggered by an anchor bid from National Asset Reconstruction Company Limited. (NARCL).

Detailed Explanation:

State Bank of India (SBI) invited counter bids to sell bad debt worth ₹52,074 crore to Jaiprakash Associates Limited (JAL) through a Swiss challenge auction.

The auction was triggered by an anchor bid from National Asset Reconstruction Company Limited. (NARCL).

NARCL's Anchor Bid Details:NARCL offered ₹12,000 crore to acquire the debt of 25 lenders on a 15:85 cash-to-security receipts basis.

This bid translates to a 23% recovery for the lenders.

Previously, NARCL had proposed ₹10,000 crore but later increased it to ₹12,000 crore.

Consortium of Lenders:The lenders include prominent banks such as SBI, ICICI Bank, IDBI Bank, Axis Bank, Canara Bank, and PNB, along with institutions like LIC, SIDBI, and others.

SBI has the highest exposure of ₹15,464 crore, followed by ICICI Bank (₹10,443 crore) and IDBI Bank (₹8,718 crore).

6) Answer: B

Short Explanation:

Vice President Shri Jagdeep Dhankhar inaugurated the GSI Geoscience Museum in Gwalior, Madhya Pradesh, marking the launch of a premier center dedicated to exploring and celebrating Earth's geological treasures.

Detailed Explanation:

Vice President Shri Jagdeep Dhankhar inaugurated the GSI Geoscience Museum in Gwalior, Madhya Pradesh, marking the launch of a premier center dedicated to exploring and celebrating Earth's geological treasures.

The museum, situated in the historic Victoria Market Building, aims to blend tradition with modern innovation, offering visitors insights into India's rich geological heritage.

Interactive Displays: Engaging exhibits designed to educate visitors about Earth’s geological history.

Rare Geological Specimens: Showcasing unique artifacts, minerals, and rocks from India’s geological reserves.

To serve as a knowledge hub for students, researchers, and the public, fostering awareness about geology and Earth sciences.

7) Answer: A

Short Explanation:

According to the FICCI EV Public Charging Infrastructure Roadmap 2030, India must invest Rs 16,000 crore in capital expenditure by 2030 to meet its public EV charging demand and achieve its 30–40% electrification mission.

Detailed Explanation:

According to the FICCI EV Public Charging Infrastructure Roadmap 2030, India must invest Rs 16,000 crore in capital expenditure by 2030 to meet its public EV charging demand and achieve its 30–40% electrification mission.

Rs 16,000 crore capital expenditure is required to support public EV charging infrastructure by 2030.

This investment aligns with India’s vision of achieving over 30% electrification of vehicles.

Top 40 cities should be prioritized due to their anticipated higher EV penetration within 3–5 years.

The report stresses the need for higher utilization of charging stations to achieve scalability and profitability.

E2W and E3W: Incentive of Rs 5,000/kWh, capped at 15% of ex-factory cost.

E-Buses: An incentive of Rs 10,000/kWh is capped at 20% of the ex-factory cost.

8) Answer: A

Short Explanation:

The Government of India, under the leadership of Union Food and Consumer Affairs Minister Prahlad Joshi, has introduced a ₹1,000 crore Credit Guarantee Scheme (CGS) to support small and marginal farmers.

Detailed Explanation:

The Government of India, under the leadership of Union Food and Consumer Affairs Minister Prahlad Joshi, has introduced a ₹1,000 crore Credit Guarantee Scheme (CGS) to support small and marginal farmers.

This initiative aims to reduce distress selling by providing farmers access to post-harvest loans.

Farmers can leverage electronic negotiable warehouse receipts (e-NWRs) as collateral for loans.

These e-NWRs are issued by Warehousing Development and Regulatory Authority (WDRA)-registered repositories when farmers deposit their produce in certified warehouses.

The scheme provides a credit guarantee to banks, reducing their lending risk and enabling better access to credit for farmers.

9) Answer: C

Short Explanation:

India and Sri Lanka adopted a 'futuristic vision' to expand their partnership, focusing on investment-led growth and connectivity.

A ferry service will be introduced between Rameswaram (India) and Talaimannar (Sri Lanka) to enhance connectivity.

Detailed Explanation:

India and Sri Lanka adopted a 'futuristic vision' to expand their partnership, focusing on investment-led growth and connectivity.

Economic and Technology Cooperation Agreement (ETCA): Both countries agreed to conclude the ETCA to promote bilateral trade.

Defence Cooperation: A defence cooperation pact will be finalized, emphasizing interconnected security interests between the two countries.

Hydrography Cooperation: A separate agreement will be made for cooperation in hydrography.

Multi-Product Petroleum Pipeline: A pipeline will be set up to facilitate the transportation of petroleum products.

The Sampur Solar Power Project in Sri Lanka will be accelerated.

Bilateral Trade and Connectivity:The ETCA aims to promote bilateral trade, with negotiations for the agreement having resumed after being paused in 2018.

A ferry service will be introduced between Rameswaram (India) and Talaimannar (Sri Lanka) to enhance connectivity.

10) Answer: C

Short Explanation:

Tamil Nadu Chief Minister M.K. Stalin unveiled the foundation stone for a non-leather and athletic footwear manufacturing unit in Ranipet district on December 16, 2024.

The unit is being established by Taiwanese company Hong Fu Group with an investment of ₹1,500 crore.

Detailed Explanation:

Tamil Nadu Chief Minister M.K. Stalin unveiled the foundation stone for a non-leather and athletic footwear manufacturing unit in Ranipet district on December 16, 2024.

The unit is being established by Taiwanese company Hong Fu Group with an investment of ₹1,500 crore.

The project, titled ‘Grand Atlanta – Hong Fu India Project,’ is being set up on the SIPCOT campus at Panapakkam, Ranipet district.

It is the world’s second-largest manufacturer of non-leather footwear.

Tamil Nadu's Economic Vision: The Tamil Nadu government aims to become a 1 trillion USD economy by 2030 and is actively working to attract investments in various emerging sectors.

Previous Visits for Investment: Chief Minister M.K. Stalin had visited countries such as the UAE, Japan, Singapore, Spain, and the US to attract industrial investments to Tamil Nadu.

11) Answer: C

Short Explanation:

Women in Security, Conflict Management and Peace (WISCOMP)honored10 peacebuilders for their exceptional work with women in areas of prolonged conflict across South Asia.

The Saahas Awards Ceremony, held at the India International Centre, New Delhi, marked a celebration of grassroots contributions to fostering peace and gender equality.

Detailed Explanation:

Women in Security, Conflict Management and Peace (WISCOMP)honored10 peacebuilders for their exceptional work with women in areas of prolonged conflict across South Asia.

The Saahas Awards Ceremony, held at the India International Centre, New Delhi, marked a celebration of grassroots contributions to fostering peace and gender equality.

Organizers: WISCOMP, an initiative of the Foundation for Universal Responsibility of His Holiness the Dalai Lama.

Jury: Included prominent figures like former Foreign Secretary Shyam Saran, former Chief Justice Gita Mittal, and country representative of UN Women Susan Reguson.

Awardees: Individuals and organizations from South Asia working to promote peace, address gender-based violence, and support marginalized women.

12) Answer: B

Short Explanation:

Hindustan Petroleum Corporation Limited (HPCL) has signed a key agreement with NICDC Logistics Data Services Ltd. (NLDS) to integrate its APIs with the Unified Logistics Interface Platform (ULIP).

Digital Gateway: Provides API-based access to logistics datasets from 41 systems across 11 ministries, covering 1800+ data fields.

Detailed Explanation:

Hindustan Petroleum Corporation Limited (HPCL) has signed a key agreement with NICDC Logistics Data Services Ltd. (NLDS) to integrate its APIs with the Unified Logistics Interface Platform (ULIP).

This collaboration aims to improve transparency, enhance operational efficiency, and foster innovation in India’s logistics sector.

Digital Gateway: Provides API-based access to logistics datasets from 41 systems across 11 ministries, covering 1800+ data fields.

Extensive Reach: With over 1200 registered entities, ULIP has facilitated the creation of 150+ applications and enabled 70 crore API transactions.

Collaborative Impact: A platform for both public and private sectors to contribute to the growth of India’s logistics ecosystem.

13) Answer: C

Short Explanation:

In a strategic move to improve the global availability of its mpox vaccine, Bavarian Nordic (BN) has signed a manufacturing licensing agreement with the Serum Institute of India (SII).

The partnership focuses on the production of MVA-BN, marketed as Jynneos in several countries, for the Indian market.

Detailed Explanation:

In a strategic move to improve the global availability of its mpox vaccine, Bavarian Nordic (BN) has signed a manufacturing licensing agreement with the Serum Institute of India (SII).

The partnership focuses on the production of MVA-BN, marketed as Jynneos in several countries, for the Indian market.

Technology Transfer:

SII gains access to Bavarian Nordic’s technology for producing the mpox vaccine.

Manufacturing in India:

Once regulatory approvals are obtained, SII will manufacture the vaccine as a contract manufacturer for BN.

Profit-Sharing Model:

The agreement involves no upfront or milestone payments. Both companies will share profits, with each bearing their respective costs for technology transfer and regulatory compliance.

14) Answer: A

Short Explanation:

NHPC Limited and BEML Limited have entered into a strategic partnership to design and implement advanced desilting and dredging technologies.

Detailed Explanation:

NHPC Limited and BEML Limited have entered into a strategic partnership to design and implement advanced desilting and dredging technologies.

Development of desilting and dredging solutions for hydroelectric power plants.

Clearing of canals and culverts to address urban waterlogging during monsoons.

Application of solutions for dredging inland waterways, coastal areas, ponds, and lakes.

A formal MoU has been signed to establish a long-term partnership.

Pilot projects will test the technologies before scaling them to other hydropower plants.

15) Answer: B

Short Explanation:

The Competition Commission of India (CCI) approved the proposal by US-based investment firm KKR (Kohlberg Kravis Roberts & Co.) to acquire a stake in Rebel Foods.

Rebel foods company has 450 kitchens across 10 countries, including India, Indonesia, the UK, and the UAE.

Detailed Explanation:

The Competition Commission of India (CCI) approved the proposal by US-based investment firm KKR (Kohlberg Kravis Roberts & Co.) to acquire a stake in Rebel Foods.

KKR, through its affiliate Royce Asia Holdings II Pte, will acquire equity shares and compulsorily convertible preference shares in Rebel Foods via a secondary purchase.

Rebel Foods Overview: Rebel Foods, founded in 2011, operates cloud kitchens and owns brands like Faasos, Behrouz Biryani, and Oven Story.

Rebel foods company has 450 kitchens across 10 countries, including India, Indonesia, the UK, and the UAE.

Lack of Competition Concerns: CCI stated that the proposed transaction would not lead to adverse effects on competition in India.

16) Answer: C

Short Explanation:

Coca-Cola sold a 40% stake in its India bottling arm, Hindustan Coca-Cola Beverages Private Limited (HCCBL), to Jubilant Bhartia Group for ₹12,500 crore ($1.47 billion).

India’s Market Rank: India is Coca-Cola’s fifth-largest market globally.

Detailed Explanation:

Coca-Cola sold a 40% stake in its India bottling arm, Hindustan Coca-Cola Beverages Private Limited (HCCBL), to Jubilant Bhartia Group for ₹12,500 crore ($1.47 billion).

India’s Market Rank: India is Coca-Cola’s fifth-largest market globally.

Asset-Light Strategy: Coca-Cola is divesting its bottling operations globally as part of its asset-light strategy.

Jubilant Bhartia Group: The deal is the largest by Jubilant Bhartia Group, which also holds exclusive franchise rights for Domino's Pizza in India.

Rival Bottling Strategy: PepsiCo has also outsourced its bottling operations in India to Varun Beverages, owned by entrepreneur Ravi Jaipuria.

17) Answer: C

Short Explanation:

Preeti Lobana has been appointed as the new Country Manager and Vice President for Google India.

She succeeds Sanjay Gupta, who transitioned to the role of President for the Asia Pacific region at Google.

Detailed Explanation:

Preeti Lobana has been appointed as the new Country Manager and Vice President for Google India.

She succeeds Sanjay Gupta, who transitioned to the role of President for the Asia Pacific region at Google.

Lobana will collaborate with Roma Datta Chobey, who will continue her leadership role as the Managing Director for Google India's Digital Native Industries after serving as interim country manager.

Lobana will lead Google's strategy to leverage Artificial Intelligence (AI) for Indian customers and promote innovation.

She will focus on driving sales and operations in India, contributing to the country’s growing digital economy.

She has been with Google for 8 years, most recently serving as the Vice President of customer-centric solutions.

18) Answer: B

Short Explanation:

Mukesh Ambani, the richest Asian, appointed Ira Bindra as the Group President of Human Resources at Reliance Industries Limited (RIL).

Ira Bindra will be the first non-family woman to join the Executive Committee of Reliance Industries.

Detailed Explanation:

Mukesh Ambani, the richest Asian, appointed Ira Bindra as the Group President of Human Resources at Reliance Industries Limited (RIL).

Role and Responsibilities: Ira Bindra will oversee the people, leadership, and talent functions at RIL, focusing on driving transformation across the entire organization.

Her appointment is expected to lead to unprecedented HR transformation at RIL, aligning with the company's focus on evolving its people policies.

Ira Bindra will be the first non-family woman to join the Executive Committee of Reliance Industries.

She is also the youngest person to be appointed to this prestigious position.

19) Answer: E

International Migrants Day 2024 is observed on the 18th of December 2024.

Although the day was established in 2000, it has been observed since 1997 that several Asian migrant organizations designated December 18 as the day to advocate for the respect, rights, and protection of migrants.

On account of the ever-increasing number of migrants around the world, on December 4, 2000, the United Nations General Assembly declared December 18 as the day for International Migrants

20) Answer: B

Minorities Rights Day 2024 is observed on the 18th of December 2024.

Minorities Rights Day was first observed on December 18th, 1992 by the United Nations.

The UN adopted the statement on the individual Rights belonging to religious or Linguistic National or Ethnic Minorities.

In India, it is the responsibility of the National Commission for Minorities (NCM) to carry out the events on this day.

The NCM was established by the Union Government under the National Commission for Minorities Act, in 1992.