Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2024 of 23rd July 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 Bloomberg, India's central bank, the Reserve Bank of India (RBI), sold how many billion of bonds in the secondary market, presumably to absorb surplus liquidity in the banking system arising from inflows into the country's debt after being included in a global index?

(a) Rs.34 billion

(b) Rs.32 billion

(c) Rs.31 billion

(d) Rs.33 billion

(e) Rs.35 billion

2) As per the July 2024 report, Navi Mutual Fund has introduced the Navi Nifty 500 Multicap 50:25:25 Index Fund, the first index fund that tracks the Nifty 500 Multicap 50:25:25 index.The Nifty 500 Multicap has a more balanced allocation than the Nifty 500 Index, which has around what percentage allocation in large-cap stocks?

(a) 70%

(b) 72%

(c) 74%

(d) 75%

(e) 76%

3) Arka Fincap, a non-bank financial organization owned by the Kirloskar Group, established a partnership with which bank to provide Micro, Small, and Medium Enterprise (MSME) loans?

(a) Punjab & National Bank

(b) Central Bank of India

(c) Canara bank

(d) Indian bank

(e) Bank of India

4) TechFini has obtained final approval from the National Payments Corporation of India (NPCI) to function as a supplier of payment infrastructure for banks and fintech firms, utilizing the Unified Payments Interface (UPI). When did TechFini get its start?

(a) 2021

(b) 2022

(c) 2023

(d) 2019

(e) 2018

5) Tata AIG General Insurance has partnered with Mahindra Finance to market non-life insurance products via Mahindra Finance's client network. Tata AIG General Insurance Company Limited has an AUM of how many crores and a distribution network of 220 locations?

(a) Rs 26,854 crore

(b) Rs 25,854 crore

(c) Rs 20,854 crore

(d) Rs 28,854 crore

(e) Rs 29,854 crore

6) When would the Institute of Company Secretaries of India (ICSI) release a Stewardship Code?

(a) November 2024

(b) September 2024

(c) October 2024

(d) August 2024

(e) December 2024

7) The Modified Interest Subvention Scheme (MISS) is thinking of increasing the maximum amount that may be borrowed for short-term agricultural loans from ₹3 lakh to how many lakhs?

(a) 4lakh

(b) 5lakh

(c) 6lakh

(d) 8lakh

(e) 10lakh

8) How many points does China's new policy paper include in order to improve the business climate and advanced industries among other areas?

(a) 55

(b) 50

(c) 60

(d) 65

(e) 45

9) In which nation did External Affairs Minister S. Jaishankar open India's first Jan Aushadi Kendra abroad?

(a) Singapore

(b) Mauritius

(c) Qatar

(d) Italy

(e) Russia

10) The first-ever film marketing strategy has been adopted by the Bihar government to assist filmmakers and moviegoers. How much money in grants is available for making movies, TV shows, and documentaries in regional languages?

(a) Rs.1crore

(b) Rs.2crore

(c) Rs.3crore

(d) Rs.4crore

(e) Rs.5crore

11) The Economic Survey is a comprehensive examination of the Indian economy for the fiscal year that ends, or an "annual report". Who is the Chief Economic Advisor (CEA) at the moment?

(a)  V Ananta Nageswaran

(b) Ajit Doval

(c) Vijay Sampla

(d) Rekha Sharma

(e) Iqbal Singh

12) The growth rate of 16.5% for India's top 10 export destinations during the April-June quarter is above the 5.8% growth rate for goods exports overall. Which nation is at the top of the list?

(a) UAE

(b) USA

(c) China

(d) Malaysia

(e) Russia

13) In May 2024, the Employees Provident Fund (EPF) system attracted 19.5 lakh net new members. This is the biggest number of net new additions reported in a single month since the start of payroll statistics from what year?

(a) May 2018

(b) April 2018

(c) June 2018

(d) March 2018

(e) January 2018

14) PwC India declared that who has been re-elected for a second term as Chairman of PwC in India for a four-year term commencing April 1, 2025?

(a) Harsh Varadhan

(b) Sanjeev Krishan

(c) Rishi Kumar

(d) Atul Raj

(e) RamMohan

15) Which Indian Navy warship, off the coast of Oman, saved nine crew members—eight of them Indians—after an oil tanker capsized?

(a) INS Talwar

(b) INS Tarkash

(c) INS Trikhand

(d) INS Teg

(e) INS Vikrant

16) The Institute of Chartered Accountants of India and OpenAI Collaborate to Develop CAGPT, a Secure GPT Devoid of Access to External Resources. In order to help with this, ICAI has introduced a three-day, how many hours long certificate course to teach members how to use GPT and other AI technologies.

(a) 6hours

(b) 15hours

(c) 12hours

(d) 3hours

(e)18hours

17) The International Tennis Hall of Fame admitted its first Asian tennis players, Vijay Amritraj and Leander Paes, two legendary Indian tennis players. How many weeks did Leander Paes hold the title of World No. 1 in doubles?

(a) 36weeks

(b) 33weeks

(c) 35weeks

(d) 37weeks

(e) 39weeks

18) The 65th International Mathematical Olympiad (IMO), held in the United Kingdom, saw a six-person Indian student team record the nation's best-ever performance. The best-ever performance by an Indian team member was achieved by Adhitya Mangudy, who achieved an overall ranking of ______________.

(a) 4th

(b) 2nd

(c) 3rd

(d) 5th

(e) 6th

19) Lallianzuala Chhangte and Indumathi Kathiresan were crowned the AIFF Best Men's and Women's Players of the Year 2023–24 at a star-studded ceremony hosted in New Delhi. Which state's football association and government will host the Santosh Trophy Final Round?

(a) Odisha

(b) Gujarat

(c) Karnataka

(d) Arunachal Pradesh

(e) Andhra Pradesh

20) Manolo Marquez has been appointed head coach of the Indian men's football team by the AIFF. When did Marquez at Hyderabad FC lead the squad to their first ISL Trophy?

(a) 2021

(b) 2020

(c) 2023

(d) 2022

(e) 2019

21) Which nation's Albano Olivetti won the men's doubles championship at the ATP Swiss Open in Gstaad, together with tennis star Yuki Bhambri from India?

(a) Australia

(b) France

(c) Spain

(d) Canada

(e) Denmark

22) In which Grand Prix witnessed Indian driver Kush Maini win his maiden Formula 2 Sprint Race when Richard Verschoor, the first place finisher, was disqualified for a technical violation?

(a) Canadian

(b) Dutch

(c) Hungarian

(d) Austrian

(e) Belgian

23) India observes National Broadcasting Day on _______________ every year to remember the day in 1927 when the nation saw its first radio transmission.

(a) July 19

(b) July 20

(c) July 21

(d) July 22

(e) July 23

24) The Employees’ Provident Funds and Miscellaneous Provisions Act of ______________________ governs the EPF.

(a) 1951

(b) 1952

(c) 1953

(d) 1955

(e) 1954

25) In which state is Udaypur Wildlife Sanctuary located?

(a) Assam

(b) Bihar

(c) Chandigarh

(d) Daman & Diu

(e) Karnataka

Answers :

1) Answer: A

Short Explanation:

According to a Bloomberg report, India’s central bank Reserve Bank of India (RBI) sold ₹34 billion ($406 million) of bonds in the secondary market, likely to absorb excess cash in the banking system resulting from inflows into the nation’s debt after being included in a global index.

Impact of Index Inclusion:India’s inclusion in JPMorgan Chase & Co.’s flagship emerging market bond index led to increased foreign investments.

Foreign investments in local bonds surpassed $1 billion in July following the inclusion.

Detailed Explanation:

According to a Bloomberg report, India’s central bank Reserve Bank of India (RBI) sold ₹34 billion ($406 million) of bonds in the secondary market, likely to absorb excess cash in the banking system resulting from inflows into the nation’s debt after being included in a global index.

Impact of Index Inclusion:India’s inclusion in JPMorgan Chase & Co.’s flagship emerging market bond index led to increased foreign investments.

Foreign investments in local bonds surpassed $1 billion in July following the inclusion.

The RBI absorbed the inflows to boost its reserves, adding $9.7 billion in a week.

Liquidity in the Banking System:The banking system liquidity shifted to a surplus after being in deficit for most of the year.

Excess liquidity deposited by banks with the RBI stood at 1.4 trillion rupees.

Global Index Inclusion:India became the 25th market to be included in the index since June 2005.

Government Borrowing:The Indian government plans to borrow 14.1 trillion rupees through bonds in the financial year starting April 1.

2) Answer: B

Short Explanation:

Navi Mutual Fund has launched the Navi Nifty 500 Multicap 50:25:25 Index Fund, the first-ever index fund to track the Nifty 500 Multicap 50:25:25 index.

The new fund offer will close on July 30, 2024.Allocation:

50% in large-cap companies.

25% in mid-cap companies.

25% in small-cap companies.

Comparison:Versus Nifty 500 Index: The Nifty 500 Multicap has a more balanced allocation compared to the Nifty 500 Index, which has about 72% allocation in large-cap stocks.

Detailed Explanation:

Navi Mutual Fund has launched the Navi Nifty 500 Multicap 50:25:25 Index Fund, the first-ever index fund to track the Nifty 500 Multicap 50:25:25 index.

The new fund offer will close on July 30, 2024.Allocation:

50% in large-cap companies.

25% in mid-cap companies.

25% in small-cap companies.

Diversification: Provides diversified exposure across large, mid, and small-cap companies.

Risk Mitigation: Reduces concentration risk by having fixed weights across different market caps.

Comparison:Versus Nifty 500 Index: The Nifty 500 Multicap has a more balanced allocation compared to the Nifty 500 Index, which has about 72% allocation in large-cap stocks.

Investment Details:Minimum Application Amount: ₹10, with subsequent investments in multiples of ₹1.

Expense Ratio: The fund has the lowest expense ratio compared to active funds in the multi-cap category.

3) Answer: B

Short Explanation:

Non-bank financial company Arka Fincap, a part of Kirloskar Group, announced that it had partnered with the Central Bank of India to offer Micro, Small and Medium Enterprises (MSME) loans.

Arka operates in 4 main business segments:

MSME & SME Lending

Corporate Lending

Real Estate and Urban Infrastructure Financing

Syndication

Detailed Explanation:

Non-bank financial company Arka Fincap, a part of Kirloskar Group, announced that it had partnered with the Central Bank of India to offer Micro, Small and Medium Enterprises (MSME) loans.

Under the co-lending arrangement, Arka will offer loans to MSMEs at competitive rates and further expand its reach across India.

As part of the collaboration, Arka will originate and process loan proposals for the MSME sector as per jointly formulated credit parameters and eligibility criteria.

The Central Bank of India will take 80% of the loans into its books under mutually agreed terms. Arka will service the accounts throughout the life cycle of the loans.

Arka operates in 4 main business segments:

MSME & SME Lending

Corporate Lending

Real Estate and Urban Infrastructure Financing

Syndication

4) Answer: C

Short Explanation:

Fintech startup TechFini has received final certification from the National Payments Corporation of India (NPCI) to operate as a Unified Payments Interface (UPI)-based payment infrastructure provider for banks and fintech companies.

Additionally, the company has been certified for UPI Unified Dispute and Issue Resolution (UDIR), making it one of the few platforms capable of addressing the complexities involved in dispute resolution.

About TechFini:

Founded :2023.

Provides payment infrastructure solutions to banks, fintechs, and other financial services companies.

Aims to integrate and simplify payment systems.

Detailed Explanation:

Fintech startup TechFini has received final certification from the National Payments Corporation of India (NPCI) to operate as a Unified Payments Interface (UPI)-based payment infrastructure provider for banks and fintech companies.

This approval enables the Mumbai-based startup to function as a UPI issuer 2.0, UPI acquirer 2.0, issuer and acquirer of credit lines on UPI, and enabler of RuPay credit cards, among others.

Additionally, the company has been certified for UPI Unified Dispute and Issue Resolution (UDIR), making it one of the few platforms capable of addressing the complexities involved in dispute resolution.

The Unified Dispute and Issue Resolution (UDIR) is a comprehensive framework designed by the NPCI to tackle the complexities involved in resolving disputes within the realm of UPI payments

About TechFini:

Founded :2023.

Provides payment infrastructure solutions to banks, fintechs, and other financial services companies.

Aims to integrate and simplify payment systems.

5) Answer: A

Short Explanation:

Tata AIG General Insurance tied up with Mahindra Finance to distribute non-life insurance products through Mahindra Finance's customer network.

Tata AIG General Insurance Company Limited has an AUM of Rs 26,854 crore and a distribution network in 220 locations.

Detailed Explanation:

Tata AIG General Insurance tied up with Mahindra Finance to distribute non-life insurance products through Mahindra Finance's customer network.

Under this partnership, Tata AIG, a joint venture company between Tata Group and American International Group (AIG) will offer a range of general insurance products, including motor, health, personal accident, and other non-life insurance solutions to over 10 million customers of Mahindra Finance.

Through partnering with Tata AIG, Mahindra Finance can expand its offerings to include a broader range of financial products, offering customers a more complete financial solution.

This collaboration has the potential to enhance customer satisfaction and foster greater loyalty.

Tata AIG General Insurance Company Limited has an AUM of Rs 26,854 crore and a distribution network in 220 locations.

6) Answer: B

Short Explanation:

The Institute of Company Secretaries of India (ICSI) is set to introduce a Stewardship Code in September2024.

This initiative aims to foster responsible investment practices among institutional investors by focusing on compliance with environmental, social, and corporate governance (ESG).

Detailed Explanation:

The Institute of Company Secretaries of India (ICSI) is set to introduce a Stewardship Code in September2024.

This initiative aims to foster responsible investment practices among institutional investors by focusing on compliance with environmental, social, and corporate governance (ESG).

Scope: The Code will apply to both domestic and foreign institutional investors.

Focus Areas:

Environmental Sustainability: Emphasis on sustainable investment practices.

Social and Governance Factors: Incorporates principles related to social responsibility and corporate governance.

Not Mandatory: The Stewardship Code will be voluntary, not compulsory for investors.

Encouragement: Institutional investors are encouraged to adhere to the Code’s principles.

Pioneering Move: ICSI will be the first Indian institution to introduce such voluntary stewardship principles.

Future Impact: Indian companies are likely to be assessed and ranked based on their adherence to these stewardship principles and ESG performance.

7) Answer: B

Short Explanation:

The Centre is considering raising the upper limit for short-term crop loans under the Modified Interest Subvention Scheme (MISS) from ₹3 lakh to ₹5 lakh.

State Government Demand: State governments, including Uttar Pradesh, have been advocating for an increase in the loan ceiling.

Detailed Explanation:

The Centre is considering raising the upper limit for short-term crop loans under the Modified Interest Subvention Scheme (MISS) from ₹3 lakh to ₹5 lakh.

Current Limit: ₹3 lakh, unchanged since the launch of the original Interest Subvention Scheme in 2006-07.

Proposed Limit: ₹5 lakh.

Interest Rates:

Standard Rate: 7% per annum.

Prompt Repayment Rate: 4% per annum.

State Government Demand: State governments, including Uttar Pradesh, have been advocating for an increase in the loan ceiling.

Recent Advocacy: On July 10, Uttar Pradesh Agriculture Minister Surya Pratap Shahi requested Union Agriculture Minister Shivraj Singh Chouhan to raise the limit to ₹5 lakh.

Scheme Origins: The Interest Subvention Scheme, the predecessor to MISS, was introduced by then Finance Minister P. Chidambaram in 2006-07.

8) Answer: C

Short Explanation:

China has unveiled an extensive 60-point policy document aimed at enhancing various sectors, including advanced industries and the business environment.

The document was released after a significant meeting of the Communist Party Central Committee led by President Xi Jinping.

Detailed Explanation:

China has unveiled an extensive 60-point policy document aimed at enhancing various sectors, including advanced industries and the business environment.

The document was released after a significant meeting of the Communist Party Central Committee led by President Xi Jinping.

Economic Context:The document comes at a critical time for China's economy, which is facing a prolonged property crisis, mounting debt, low consumer sentiment, and escalating trade tensions.

Global leaders are increasingly wary of China's export dominance.

Key Policy Targets:

Increasing affordable housing availability.

Expanding job opportunities for young people.

Enhancing the standard of living for the elderly.

Historical Context:In 2013, Beijing introduced a similar policy agenda with goals to liberalize financial markets and promote domestic consumption.

9) Answer: B

Short Explanation:

External Affairs Minister S. Jaishankar inaugurated India's first overseas Jan Aushadi Kendra in Mauritius.

The inauguration took place with the presence of Mauritius Prime Minister Pravind Kumar Jugnauth.

It is funded by Indian assistance, the project will offer secondary healthcare services to approximately 16,000 people in the area.

Detailed Explanation:

External Affairs Minister S. Jaishankar inaugurated India's first overseas Jan Aushadi Kendra in Mauritius.

The inauguration took place with the presence of Mauritius Prime Minister Pravind Kumar Jugnauth.

Purpose of Jan Aushadi Kendra:The Jan Aushadi Kendra is a health partnership project designed to provide cost-effective, Made-in-India medicines.

Its goal is to enhance public healthcare and well-being in Mauritius.

Fulfilment of Promise:The inauguration fulfils a promise made by Prime Minister Narendra Modi earlier in the year.

Mediclinic Project:S. Jaishankar also inaugurated the Mediclinic project at Grand Bois village, Mauritius.

It is funded by Indian assistance, the project will offer secondary healthcare services to approximately 16,000 people in the area.

10) Answer: D

Short Explanation:

The Bihar government has introduced its first film promotion policy to support filmmakers and cinema enthusiasts.

The decision was taken during a Cabinet meeting chaired by Chief Minister Nitish Kumar.

The proposal was initiated by the Art, Culture, and Youth Affairs department of the state government.

Regional Films:Financial incentives are available for regional films in languages such as Maithili, Bhojpuri, Magahi, Angika, and Bajjika.

Financial grants up to ₹4 crore are provided for producing films, documentaries, and serials in regional languages.

Detailed Explanation:

The Bihar government has introduced its first film promotion policy to support filmmakers and cinema enthusiasts.

The decision was taken during a Cabinet meeting chaired by Chief Minister Nitish Kumar.

The proposal was initiated by the Art, Culture, and Youth Affairs department of the state government.

Regional Films:Financial incentives are available for regional films in languages such as Maithili, Bhojpuri, Magahi, Angika, and Bajjika.

Financial grants up to ₹4 crore are provided for producing films, documentaries, and serials in regional languages.

Cultural Heritage Promotion:The policy includes assistance for making movies that showcase Bihar’s rich cultural heritage.

Film Facilitation Cell:A Film Facilitation Cell will be established to provide support for financial aid, shooting permissions, and other assistance.

11) Answer: A

Short Explanation:

It is created by the Finance Ministry's Department of Economic Affairs — Economics Division, which reports to the country's Chief Economic Advisor (CEA) V Ananta Nageswaran.

Detailed Explanation:

The Ministry of Finance, Government of India, publishes the Economic Survey of India every year. Every year, right before the Union Budget, the Ministry of Finance's Department of Economic Affairs delivers the Survey to the Parliament. It is created by the Finance Ministry's Department of Economic Affairs — Economics Division, which reports to the country's 18^th Chief Economic Advisor (CEA) V Ananta Nageswaran.

12) Answer: B

Short Explanation:

India's top-10 export destinations saw a growth rate of 16.5% during the April-June quarter, surpassing the overall merchandise export growth of 5.8%.

Top Export Destinations:

United States: 10.4% growth

United Arab Emirates (UAE): 17.6% growth

Netherlands: 41.3% growth

Top Import Partners:

United States: 5.4% growth

UAE: 35.7% growth

Iraq: 27.6% growth

Detailed Explanation:

India's top-10 export destinations saw a growth rate of 16.5% during the April-June quarter, surpassing the overall merchandise export growth of 5.8%.

Top Export Destinations:

United States: 10.4% growth

United Arab Emirates (UAE): 17.6% growth

Netherlands: 41.3% growth

Performance Trends:

April 2024: 2% growth

May 2024: 13% growth

June 2024: 2.5% growth (slowdown due to muted demand and logistics issues)

Growth Rate: Imports from the top-10 partner countries grew by 12%, higher than the overall import growth of 7.6%.

Top Import Partners:

United States: 5.4% growth

UAE: 35.7% growth

Iraq: 27.6% growth

Notable Trends:

Imports from Russia: Grew 19.7% to $18.36 billion, driven by crude oil dependency, making Russia India’s second-largest import partner after China.

Imports from Switzerland: Contracted 10.5% to $4.56 billion, primarily due to reduced gold imports.

13) Answer: B

Short Explanation:

In May 2024, the Employees Provident Fund (EPF) scheme added 19.5 lakh net new members.

This is the highest number of net new additions recorded in a single month since the introduction of the payroll data in April 2018.

Compared to May 2023, the number of new EPF members grew by 19.62%. This growth suggests a positive trend in formal sector employment and increased participation in social security programs.

Detailed Explanation:

In May 2024, the Employees Provident Fund (EPF) scheme added 19.5 lakh net new members.

This is the highest number of net new additions recorded in a single month since the introduction of the payroll data in April 2018.

Compared to May 2023, the number of new EPF members grew by 19.62%. This growth suggests a positive trend in formal sector employment and increased participation in social security programs.

EPF Scheme Details:

Legal Basis: The EPF is governed by the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952.

Management: Managed by the Employees’ Provident Fund Organization (EPFO).

Coverage: Applies to establishments with 20 or more employees, or others as notified by the government.

Pay Ceiling: Employees earning up to Rs. 15,000 per month are covered.

New Member Enrollment:

New Additions in May: 9.85 lakh new members joined in May, marking an 11% increase from April and an 11.5% increase from the previous year.

Age Demographics: More than 58% of these new members are between 18 and 25 years old, reflecting the entry of younger workers into the formal sector.

State-wise Analysis:

Top States: Maharashtra, Karnataka, Tamil Nadu, Gujarat, and Haryana had the highest net additions, contributing to 58.24% of the total new members.

Maharashtra: Led with a 18.87% share of the new net members.

14) Answer: B

Short Explanation:

PwC India announced that Sanjeev Krishan, 53, has been re-elected for a second term as Chairperson of PwC in India, for a four-year period beginning on April 1, 2025.

As Chairperson, Krishan will continue to lead PwC in India, representing them externally and internally.

Detailed Explanation:

PwC India announced that Sanjeev Krishan, 53, has been re-elected for a second term as Chairperson of PwC in India, for a four-year period beginning on April 1, 2025.

As Chairperson, Krishan will continue to lead PwC in India, representing them externally and internally.

He will also continue to serve on the PwC Global Strategy Council.

Krishan's first term as chairperson started on January 1, 2021.

He joined PwC in 1991 as an articled trainee.

In 2006, he became a partner and led the firm's Deals, Transactions, and Private Equity business.

15) Answer: D

Short Explanation:

The Indian Navy’s warship INS Teg rescued 9 crew members, including 8 Indians, who went missing after an oil tanker capsized off the coast of Oman.

The navy warship has been deployed for Search and Rescue assistance for the capsized oil tanker.

Details of the Incident:The Comoros-flagged oil tanker MV Prestige Falcon had a total of 16 crew members, including 13 Indians and 3 Sri Lankans.

The tanker capsized about 25 nautical miles southeast of Ras Madrakah.

The vessel was en route to the Yemeni port city of Aden.

Detailed Explanation:

The Indian Navy’s warship INS Teg rescued 9 crew members, including 8 Indians, who went missing after an oil tanker capsized off the coast of Oman.

The navy warship has been deployed for Search and Rescue assistance for the capsized oil tanker.

Details of the Incident:The Comoros-flagged oil tanker MV Prestige Falcon had a total of 16 crew members, including 13 Indians and 3 Sri Lankans.

The tanker capsized about 25 nautical miles southeast of Ras Madrakah.

The vessel was en route to the Yemeni port city of Aden.

Search and Rescue Efforts:INS Teg and a P-8I maritime patrol aircraft have been deployed for the search and rescue operation.

About INS Teg:

INS Teg (F45) is the first of three guided missile frigates of the modified INS Talwar-class.

Built by Russian shipyard Yantar under Project-17 A.

Other frigates in the class are INS Tarkash and INS Trikand.

Commissioned into the Indian Navy on 27 April 2012.

16) Answer: E

Short Explanation:

The Institute of Chartered Accountants of India (ICAI) has collaborated with OpenAI to develop the CAGPT, a fenced GPT that operates without external resources.

To facilitate this, ICAI has launched an 18-hour, three-day certificate course to train members in using GPT and other AI tools.

Future Developments : The institute is also in discussions with the Ministry of Electronics and Information Technology (MeitY) to develop an AI Audit tool aimed at monitoring corporate books and detecting potential fraud.

Detailed Explanation:

The Institute of Chartered Accountants of India (ICAI) has collaborated with OpenAI to develop the CAGPT, a fenced GPT that operates without external resources.

This tool, after successful beta testing, is now officially launched and available to ICAI members.

Another version of the GPT, tailored for students pursuing CA courses, has also been introduced.

To facilitate this, ICAI has launched an 18-hour, three-day certificate course to train members in using GPT and other AI tools.

Future Developments : The institute is also in discussions with the Ministry of Electronics and Information Technology (MeitY) to develop an AI Audit tool aimed at monitoring corporate books and detecting potential fraud.

17) Answer: D

Short Explanation:

Legendary Indian tennis players Leander Paes and Vijay Amritraj became the first Asian tennis players to be inducted into the International Tennis Hall of Fame.

Leander Paes:

Category: Inducted in the 'Player Category.'

World Rankings:Spent 37 weeks as World No. 1 in doubles.

Grand Slam Record: One of only three men to achieve a career Grand Slam in both men's and mixed doubles.

Olympics: Competed in seven consecutive Olympic Games from 1992 to 2016.

Detailed Explanation:

Legendary Indian tennis players Leander Paes and Vijay Amritraj became the first Asian tennis players to be inducted into the International Tennis Hall of Fame.

Leander Paes:

Category: Inducted in the 'Player Category.'

World Rankings:Spent 37 weeks as World No. 1 in doubles.

Grand Slam Record: One of only three men to achieve a career Grand Slam in both men's and mixed doubles.

Olympics: Competed in seven consecutive Olympic Games from 1992 to 2016.

Vijay Amritraj:

Category: Inducted in the 'Contributor Category.'

World Rankings: Achieved a career-high of World No. 18 in singles and No. 23 in doubles.

International Tennis Hall of Fame:

Inductee Total: With the addition of Paes, Amritraj, and Evans, the Hall of Fame now honors 267 legends from 28 nations.

Categories Explained:

Player Category: For players with outstanding achievements in the sport.

Contributor Category: For visionary leaders, pioneers, or individuals who have made a significant impact on tennis.

18) Answer: D

Short Explanation:

A six-member student team from India achieved the country’s best-ever performance at the 65th International Mathematical Olympiad (IMO) held in Bath, United Kingdom.

Global Performance:

Top Three Teams:

1st Place: USA

2nd Place: China

3rd Place: South Korea

Total Participants: 609 students (528 male, 81 female) from 108 countries

Notable Individual Achievement:Adhitya Mangudy’s performance secured him an overall ranking of fifth, the best performance by an Indian team member ever.

Detailed Explanation:

A six-member student team from India achieved the country’s best-ever performance at the 65th International Mathematical Olympiad (IMO) held in Bath, United Kingdom.

Team Achievements:

Global Rank: 4th place

Medal Tally:

Gold Medals: 4

Silver Medal: 1

Honourable Mention: 1

This performance surpasses India’s previous best ranks of 7th at IMO 1998 and IMO 2001.

Global Performance:

Top Three Teams:

1st Place: USA

2nd Place: China

3rd Place: South Korea

Total Participants: 609 students (528 male, 81 female) from 108 countries

Notable Individual Achievement:Adhitya Mangudy’s performance secured him an overall ranking of fifth, the best performance by an Indian team member ever.

19) Answer: D

Short Explanation:

In a star-studded event held in New Delhi, Lallianzuala Chhangte and Indumathi Kathiresan were named the AIFF Best Men's and Women's Players of the Year 2023-24.

Government of Arunachal Pradesh and Arunachal Pradesh Football Association: For hosting the Santosh Trophy Final Round.

Government of Odisha and Football Association of Odisha: For hosting multiple events including the FIFA World Cup Qualifiers and the Kalinga Super Cup.

Detailed Explanation:

In a star-studded event held in New Delhi, Lallianzuala Chhangte and Indumathi Kathiresan were named the AIFF Best Men's and Women's Players of the Year 2023-24.

Chhangte, who plays for Mumbai City FC, scored 11 goals and assisted seven in all competitions, becoming the highest-scoring Indian in the ISL. He also scored against Qatar in the FIFA World Cup Qualifiers.

Indumathi Kathiresan, who plays for Odisha FC, won the 2023-24 Indian Women's League title and scored five goals in the competition. She also represented India, scoring against Estonia in the Turkish Women's Cup.

Special Recognitions: Several organizations and associations were recognized for their contributions to promoting football in India, including:

Government of Arunachal Pradesh and Arunachal Pradesh Football Association: For hosting the Santosh Trophy Final Round.

Government of Odisha and Football Association of Odisha: For hosting multiple events including the FIFA World Cup Qualifiers and the Kalinga Super Cup.

Football Sports Development Limited and Nivia: For their support in promoting football.

Ministry of Youth Affairs and Sports and Sports Authority of India: For their contributions to football development.

20) Answer: D

Short Explanation:

The All India Football Federation (AIFF) has named Manolo Marquez, the coach who led Hyderabad FC to an Indian Super League (ISL) title, as the new head coach of the Indian men's football team.

Marquez will be replacing Igor Stimac, who was dismissed following India's exit from the FIFA World Cup qualifiers.

At Hyderabad FC, Marquez led the team to their first ISL Trophy in 2022.

Detailed Explanation:

The All India Football Federation (AIFF) has named Manolo Marquez, the coach who led Hyderabad FC to an Indian Super League (ISL) title, as the new head coach of the Indian men's football team.

Marquez will be replacing Igor Stimac, who was dismissed following India's exit from the FIFA World Cup qualifiers.

New Appointment:

Manolo Marquez has been appointed as the head coach of the Indian men's football team.

He will succeed Igor Stimac, who was removed after the team's elimination from the FIFA World Cup qualifiers.

Current Role:

Marquez is also the head coach of FC Goa, a position he has held since 2023.

He will continue his responsibilities at FC Goa until 2025 while managing the Indian national team concurrently.

Previous Achievements:

At Hyderabad FC, Marquez led the team to their first ISL Trophy in 2022.

21) Answer: B

Short Explanation:

Indian tennis player Yuki Bhambri and Frenchman Albano Olivetti secured the men’s doubles title at the ATP Swiss Open, held in Gstaad.

The duo defeated the French pair Fabrice Martin and Ugo Humbert with a score of 3-6, 6-3, 10-6.

Bhambri and Olivetti won the ATP Swiss Open men’s doubles title.

The final match was a challenging contest lasting one hour and six minutes.

Detailed Explanation:

Indian tennis player Yuki Bhambri and Frenchman Albano Olivetti secured the men’s doubles title at the ATP Swiss Open, held in Gstaad.

The duo defeated the French pair Fabrice Martin and Ugo Humbert with a score of 3-6, 6-3, 10-6.

Bhambri and Olivetti won the ATP Swiss Open men’s doubles title.

The final match was a challenging contest lasting one hour and six minutes.

Previous Achievements:

This is Yuki Bhambri's third ATP title, all of which have been in the 250 series.

The win is Bhambri’s second title of the year, following their victory at the Bavarian Championships (BMW Open).

Doubles Pair Success:

Bhambri and Olivetti, who were seeded third at the Swiss Open, clinched their second title together.

They had previously won the Bavarian Championships earlier in the year by defeating Andreas Mies and Jen-Lennard Struff.

22) Answer: C

Short Explanation:

Indian driver Kush Maini clinched his first Formula 2 Sprint Race victory at the Hungarian Grand Prix after initial winner Richard Verschoor was disqualified due to a technical infringement.

This win marks a significant achievement for Maini, who is 23 years old and drives for Invicta Racing.

Detailed Explanation:

Indian driver Kush Maini clinched his first Formula 2 Sprint Race victory at the Hungarian Grand Prix after initial winner Richard Verschoor was disqualified due to a technical infringement.

This win marks a significant achievement for Maini, who is 23 years old and drives for Invicta Racing.

Victory Details:

Kush Maini secured his maiden Formula 2 Sprint Race win at the Hungarian Grand Prix, held at the Hungaroring.

Points and Rankings:

The win added 10 points to Maini’s season tally, bringing his total to 66 points.

With this victory, Maini moved up to P8 in the Formula 2 Drivers Standings, surpassing Mercedes junior driver Kimi Antonelli.

23) Answer: E

Short Explanation:

Every year National Broadcasting Day is celebrated in India on July 23rd to commemorate the first-ever radio broadcast that took place in the country on this day in 1927.

The Indian Broadcasting Company (IBC) was established in 1927 after the success of BIBC. IBC had to shut down in 1930 due to financial problems.

The Government of India took over the broadcasting service and created the Indian State Broadcasting Service (ISBS) in 1930.

Detailed Explanation:

Every year National Broadcasting Day is celebrated in India on July 23rd to commemorate the first-ever radio broadcast that took place in the country on this day in 1927.

The Indian Broadcasting Company (IBC) was established in 1927 after the success of BIBC. IBC had to shut down in 1930 due to financial problems.

The Government of India took over the broadcasting service and created the Indian State Broadcasting Service (ISBS) in 1930.

The broadcasting industry in India has grown significantly over the years, with numerous private and public broadcasters offering radio, television, and online streaming services.

24) Answer: B

EPF Scheme Details:

Legal Basis:The EPF is governed by the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952.

Management: Managed by the Employees’ Provident Fund Organization (EPFO).

Coverage: Applies to establishments with 20 or more employees, or others as notified by the government.

Pay Ceiling: Employees earning up to Rs. 15,000 per month are covered.

25) Answer: B

About Bihar :

Governor : Rajendra Arlekar

Chief Minister : Nitish Kumar

Capital : Patna

National Parks : Valmiki National Park

Wildlife Sanctuaries :  Bhimbandh Wildlife Sanctuary, Pant Wildlife Sanctuary, Udaypur Wildlife Sanctuary