Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2024 of 31st 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) In line with the Reserve Bank of India's (RBI) most recent Report on Currency and Finance (RCF), India is expected to become the world's largest labor provider, driving remittances from $115 billion in 2023 to around how many billion dollars in 2029?

(a) $150billion

(b) $160billion

(c) $170billion

(d) $180billion

(e) $190billion

2) With immediate effect, the Reserve Bank of India (RBI) has terminated Foreign Portfolio Investors' (FPIs) unlimited access to freshly issued Indian government bonds with tenors of 14 and 30 years under the Fully Accessible Route (FAR). Currently outstanding 30-year bonds totaling ___________ billion are held by foreign investors.

(a) $1billion

(b) $2billion

(c) $3billion

(d) $4billion

(e) $5billion

3) The "SBI Innovative New Opportunities Fund" was introduced by SBI Mutual Fund to invest in the stock and associated securities of businesses that are anticipated to embrace innovation. Up to how many equities are in a multi-sector portfolio?

(a) 20

(b) 30

(c) 25

(d) 40

(e) 35

4) The remainder will be in non-innovative stocks and debt-related instruments.

In the last how many years, digital payments have grown at a remarkable rate, with a compound annual growth rate (CAGR) of 50% for transaction volume and 10% for transaction value, according to the Reserve Bank of India's (RBI) most recent Report on Currency and Finance (RCF)?

(a) 6

(b) 5

(c) 4

(d) 7

(e) 9

5) In June 2024, there were 5 million users of the Central Bank Digital Currency (CBDC) retail trial, up from 1.3 million at the beginning of the program, according to the Reserve Bank of India's currency and financial report. How many nations now have CBDC pilot programs in place, including India?

(a) 32

(b) 34

(c) 36

(d) 38

(e) 39

6) A online series depicting the Reserve Bank of India's 90-year history and functioning will be launched in __________ episodes.

(a) 4

(b) 5

(c) 3

(d) 6

(e) 8

7) The "UPI One World" wallet was unveiled by National Payments Corporation of India (NPCI) with the goal of improving foreign tourists' digital payment experience while in India. Which bank, NPCI, and Transcorp International collaborated to make this program possible?

(a) HDFC

(b) IDFC First

(c) ICICI

(d) SBI

(e) Canara bank

8) Over the past nine years, the Pradhan Mantri Awas Yojana-Urban (PMAY-U) has seen the completion of 8.5 million residences by the Ministry of Housing and Urban Affairs (MoHUA). How many major verticals does PMAY-U have?

(a) 7

(b) 8

(c) 4

(d) 6

(e) 5

9) Which government, having first chosen to withdraw money under the Samagra Shiksha Abhiyan (SSA) due to the Center's decision, has chosen to proceed with the Pradhan Mantri Schools for Rising India (PM SHRI) scheme?

(a) Sikkim

(b) Punjab

(c) Chandigarh

(d) Rajasthan

(e) Bihar

10) The first submerged museum in India opened its doors at the Humayun's Tomb Complex in New Delhi. What is the cost of the museum that was constructed by the Aga Khan Trust and the Archaeological Survey of India?

(a) Rs.150crore

(b) Rs.250crore

(c) Rs.350crore

(d) Rs.450crore

(e) Rs.100crore

11) Under the UDAN (Ude Desh ka Aam Naagrik) project, how many new airports are the plans to operationalize across eight states and Union Territories this year by the government?

(a) 10

(b) 11

(c) 12

(d) 13

(e) 15

12) The __________ Conference of Parties to the United Nations Framework Convention on Climate Change (UNFCCC) will be held in Azerbaijan.

(a) 28th

(b) 29th

(c) 27th

(d) 25th

(e) 26th

13) Rapido raised how much primary capital from current investor WestBridge Capital, resulting in a post-money valuation of $1 billion?

(a) $100million

(b) $120million

(c) $140million

(d) $130million

(e) $150million

14) According to the National Council of Applied Economic Research (NCAER), the Indian economy is expected to expand at what per cent or above closer to 7.5% in the current fiscal year?

(a) 6.5%

(b) 7.0%

(c) 6.8%

(d) 7.2%

(e) 7.1%

15) What percentage stake would UltraTech acquire in India Cements for ₹3,954 crore?

(a) 31.72%

(b) 32.72%

(c) 33.72%

(d) 34.72%

(e) 35.72%

16) When the asteroid "2011 MW1" was getting closest to Earth, how many meters was it caught by the GROWTH-India Telescope?

(a) 112m

(b) 114m

(c) 115m

(d) 116m

(e) 118m

17) Which city will play home to the second edition of the Indian Racing Festival (IRF), which will feature night street racing for the first time in India?

(a) Kolkata

(b) Chennai

(c) Kochi

(d) Mumbai

(e) New Delhi

18) Torri Huske almost missed the women's 100-meter butterfly podium in the Tokyo Olympics by a mere tenth of a second. With a timing of 56.21 seconds, which nation won the bronze medal?

(a) Japan

(b) China

(c) South Korea

(d) USA

(e) Norway

19) In the women's 10m air rifle event at the Paris 2024 Olympics, Ban Hyo-jin of South Korea defeated which country's athlete to win the gold medal?

(a) Japan

(b) China

(c) Hong Kong

(d) USA

(e) Sweden

20) In the men's 10m air rifle event in Paris 2024, Sheng Lihao sets a new Olympic record. Which athlete's nation took home the silver medal?

(a) Japan

(b) Russia

(c) Hong Kong

(d) USA

(e) Sweden

21) The Men's Asia Cup is anticipated to be held in India in 2025. Which nation is scheduled to host the 50-over format event in 2027?

(a) Bangladesh

(b) China

(c) Japan

(d) USA

(e) Srilanka

22) The bronze medal was won by Manu Bhaker and Sarabjot Singh in the mixed 10m air pistol team event. Which country's duo Oh Ye Jin and Wonho Lee were beaten by them?

(a) Japan

(b) China

(c) South Korea

(d) USA

(e) Norway

23) Every year on July 31, we commemorate World Ranger Day.Which year, commemorating the International Ranger Federation's (IRF) 15th anniversary, saw the inaugural World Ranger Day celebration?

(a) 2002

(b) 2004

(c) 2005

(d) 2006

(e) 2007

24) Where is the United Nations Framework Convention on Climate Change (UNFCCC) headquarters located?

(a) Germany

(b) Scotland

(c) France

(d) USA

(e) Switzerland

25) The first completely robotic optical research telescope in India is called GROWTH-India Telescope. What does "R" appear in GROWTH?

(a) Robotic

(b) Random

(c) Relay

(d) Reserve

(e) Radial

Answers :

1) Answer: B

Short Explanation:

According to Reserve Bank of India’s (RBI’s) latest Report on Currency and Finance (RCF), India is poised to be the world’s leading supplier of labour, which will propel remittances to around $160 billion in 2029 from $115 billion in 2023.

India is already the country with the highest remittance recipients in the world, accounting for 13.5% of the world total, with its share increasing over time.

The theme of the Report is “India’s Digital Revolution”.

Detailed Explanation:

According to Reserve Bank of India’s (RBI’s) latest Report on Currency and Finance (RCF), India is poised to be the world’s leading supplier of labour, which will propel remittances to around $160 billion in 2029 from $115 billion in 2023.

India is already the country with the highest remittance recipients in the world, accounting for 13.5% of the world total, with its share increasing over time.

The theme of the Report is “India’s Digital Revolution”.

Global Remittances:Global remittances in 2023 were estimated at $857.3 billion.

Leading countries in remittances: India ($115.3 billion), Mexico ($66.2 billion), China ($49.5 billion), and the Philippines ($39.1 billion).

Migrant Stock and Remittance Sources:Migrant stock from India comprised 1.3% of its population in 2020.

In 2021, more than half of India's inward remittances came from Gulf countries, and 22% from North America.

Cost of Receiving Remittances:Average cost of receiving remittances in India was 5.01% in Q1 2024, slightly lower than 5.04% in Q4 2023.

This cost is higher than the Sustainable Development Goal (SDG) target of 3% per $200 remittance.

The global average cost was 6.35% in Q1 2024.

Regional Cost Variations:Remittance costs from Singapore, Malaysia, the UK, Kuwait, Italy, and Bahrain to India were within the SDG target.

2) Answer: A

Short Explanation:

The Reserve Bank of India (RBI) has revoked unrestricted access for Foreign Portfolio Investors (FPIs) to newly issued Indian government bonds with 14-year and 30-year tenors under the Fully Accessible Route (FAR), effective immediately.

Current Holdings: Foreign investors currently hold approximately $1 billion worth of existing 30-year bonds.

Detailed Explanation:

The Reserve Bank of India (RBI) has revoked unrestricted access for Foreign Portfolio Investors (FPIs) to newly issued Indian government bonds with 14-year and 30-year tenors under the Fully Accessible Route (FAR), effective immediately.

Current Holdings: Foreign investors currently hold approximately $1 billion worth of existing 30-year bonds.

Investment Limits: FPIs' investments in new 14-year and 30-year bonds will be subject to existing RBI investment limits effective at the time of issuance.

Secondary Market Access: Existing 14-year and 30-year debt securities previously designated under FAR will remain accessible to non-residents for investments in the secondary market.

FPI Investment in FAR Securities: The total FPI investment in FAR securities is approximately Rs 2.01 trillion, having exceeded Rs 1 trillion as of October 16, 2023.

Only government bonds issued by the RBI under FAR are included in the index.

3) Answer: D

Short Explanation:

SBI Mutual Fund Unveiled the “SBI Innovative New Opportunities Fund” to invest in equity and related instruments of companies that are expected to adopt innovation.

The new fund offer (NFO) opened on July 29 and will remain open till August 12,2024.

A multi-sector portfolio with up to 40 stocks.

More than 80% of assets will be in equities and related instruments of companies adopting innovative strategies.

Detailed Explanation:

SBI Mutual Fund Unveiled the “SBI Innovative New Opportunities Fund” to invest in equity and related instruments of companies that are expected to adopt innovation.

The new fund offer (NFO) opened on July 29 and will remain open till August 12,2024.

Investment Strategy:Primary Focus (80%-100%):Equity and equity-related instruments of companies expected to benefit from innovation (including equity derivatives).

Secondary Focus (0%-20%):Equity and equity-related instruments of other companies (including equity derivatives).

Debt and Money Market Instruments (0%-20%):Debt instruments, securitized debt (up to 20% of the debt portion), debt derivatives, and money market instruments, including tri-party repos.

A multi-sector portfolio with up to 40 stocks.

More than 80% of assets will be in equities and related instruments of companies adopting innovative strategies.

4) Answer: D

Short Explanation:

According to the Reserve Bank of India’s (RBI's) latest Report on Currency and Finance (RCF), digital payments have shown remarkable growth with a compounded annual growth rate (CAGR) of 50% in terms of transaction volume and 10% in terms of transaction value over the past seven years (2017-18 to 2023-24).

Transaction Volume and Value:Digital payments, including NEFT (National Electronic Funds Transfer), UPI (Unified Payments Interface), credit and debit cards, saw 164 billion transactions worth ₹2,428 lakh crore in 2023-24.

Detailed Explanation:

According to the Reserve Bank of India’s (RBI's) latest Report on Currency and Finance (RCF), digital payments have shown remarkable growth with a compounded annual growth rate (CAGR) of 50% in terms of transaction volume and 10% in terms of transaction value over the past seven years (2017-18 to 2023-24).

Transaction Volume and Value:Digital payments, including NEFT (National Electronic Funds Transfer), UPI (Unified Payments Interface), credit and debit cards, saw 164 billion transactions worth ₹2,428 lakh crore in 2023-24.

NEFT and UPI Shares:In value terms, NEFT transactions had the largest share at 49.4% of total retail payments in 2023-24.

UPI had a 25.3% share in 2023-24, up from just 2.4% in 2018-19.

Currently, the UPI is recording nearly 14 billion transactions a month, buoyed by 424 million unique users in June 2024.

5) Answer: C

Short Explanation:

According to the Reserve Bank of India’s currency and finance report, The number of customers using the Central Bank Digital Currency (CBDC) retail pilot grew from 1.3 million to 5 million by June 2024.

The number of merchants participating in the CBDC pilot rose from 0.3 million to 0.42 million.

A central bank digital currency (CBDC) is the digital form of a country's fiat currency.

CBDC Overview:Global Context: India is one of 36 countries with CBDC pilots currently underway.

Detailed Explanation:

According to the Reserve Bank of India’s currency and finance report, The number of customers using the Central Bank Digital Currency (CBDC) retail pilot grew from 1.3 million to 5 million by June 2024.

The number of merchants participating in the CBDC pilot rose from 0.3 million to 0.42 million.

A central bank digital currency (CBDC) is the digital form of a country's fiat currency.

CBDC Overview:Global Context: India is one of 36 countries with CBDC pilots currently underway.

The RBI launched its CBDC pilot at the end of 2022.

Types of CBDCs:

CBDC-W (Wholesale): Targets institutional participants in financial markets.

CBDC-R (Retail): Designed for retail consumers, with initial use cases including Person to Person (P2P) and Person to Merchant (P2M) transactions.

Benefits of CBDCs:

Reduced Cash Dependency: Lower reliance on physical cash.

Lower Currency Management Costs: Decreased expenses related to currency handling.

Reduced Settlement Risk: Minimised risk associated with transaction settlements, potentially reducing liquidity needs.

Direct Benefit Transfers (DBT):Transaction Volume: Over 10 billion transactions amounting to Rs 6.9 trillion were conducted by the central government during 2023-24.

6) Answer: B

Short Explanation:

The Reserve Bank of India (RBI) is planning a five-episode web series to present its functions and 90-year journey.

Each episode will be 25-30 minutes long, totalling nearly three hours for the entire series.

Detailed Explanation:

The Reserve Bank of India (RBI) is planning a five-episode web series to present its functions and 90-year journey.

Each episode will be 25-30 minutes long, totalling nearly three hours for the entire series.

Primary objective of this project : To create a comprehensive and engaging series that provides an in-depth exploration of the RBI functions and operations over its 90-year journey.

The RBI, established in 1935, completed 90 years in April 2024.

The document invites bids through e-tendering for 'Production and distribution of Web Series Commemorating 90 years of RBI'.

7) Answer: B

Short Explanation:

National Payments Corporation of India (NPCI) has introduced the ‘UPI One World’ wallet, aimed at enhancing the digital payment experience for international visitors to India.

Collaborative Efforts:The initiative has been made possible through the collaboration of NPCI, IDFC First Bank, and Transcorp International.

The initiative operates under the guidance of the Reserve Bank of India (RBI).

Detailed Explanation:

National Payments Corporation of India (NPCI) has introduced the ‘UPI One World’ wallet, aimed at enhancing the digital payment experience for international visitors to India.

This service simplifies transactions in real-time, empowering tourists to explore India without the need to carry cash or deal with foreign exchange complexities.

It allows international visitors to use the Unified Payments Interface (UPI) system, known for its efficiency and security in digital transactions.

UPI is India’s popular mobile-based real-time payment system that enables instant personal and merchant payments.

Collaborative Efforts:The initiative has been made possible through the collaboration of NPCI, IDFC First Bank, and Transcorp International.

The initiative operates under the guidance of the Reserve Bank of India (RBI).

8) Answer: C

Short Explanation:

The Ministry of Housing and Urban Affairs (MoHUA) has completed 8.5 million houses under the Pradhan Mantri Awas Yojana-Urban (PMAY-U) over the past nine years, as reported by Minister of State Tokhan Sahu in the Rajya Sabha.

PMAY-U has four key verticals:

Beneficiary-Led Individual House Construction (BLC): Central assistance of Rs 0.15 million.

Affordable Housing in Partnership (AHP): Central assistance of Rs 0.15 million.

"In-Situ" Slum Redevelopment (ISSR): Central assistance of Rs 0.1 million.

Credit-Linked Subsidy Scheme (CLSS): Offers an interest subsidy of up to Rs 0.27 million per house for low-income, middle-income, and economically weaker sections.

Detailed Explanation:

The Ministry of Housing and Urban Affairs (MoHUA) has completed 8.5 million houses under the Pradhan Mantri Awas Yojana-Urban (PMAY-U) over the past nine years, as reported by Minister of State Tokhan Sahu in the Rajya Sabha.

Out of the Rs 2 trillion financial assistance sanctioned by the central government under PMAY-U, Rs 1.64 trillion has already been disbursed.

Verticals of PMAY-U:

PMAY-U has four key verticals:

Beneficiary-Led Individual House Construction (BLC): Central assistance of Rs 0.15 million.

Affordable Housing in Partnership (AHP): Central assistance of Rs 0.15 million.

"In-Situ" Slum Redevelopment (ISSR): Central assistance of Rs 0.1 million.

Credit-Linked Subsidy Scheme (CLSS): Offers an interest subsidy of up to Rs 0.27 million per house for low-income, middle-income, and economically weaker sections.

9) Answer: B

Short Explanation:

The Punjab government has decided to implement the Pradhan Mantri Schools for Rising India (PM SHRI) scheme after initially opting out, following the Centre's decision to withhold funds under the Samagra Shiksha Abhiyan (SSA).

The PM SHRI scheme aims to upgrade government schools into exemplary institutions showcasing the National Education Policy, 2020 (NEP), and promoting Indian heritage, languages, and values.

Punjab expects to receive Rs 515 crore under SSA, which was withheld by the Centre after the state previously refused to implement the PM SHRI scheme.

Detailed Explanation:

The Punjab government has decided to implement the Pradhan Mantri Schools for Rising India (PM SHRI) scheme after initially opting out, following the Centre's decision to withhold funds under the Samagra Shiksha Abhiyan (SSA).

The PM SHRI scheme aims to upgrade government schools into exemplary institutions showcasing the National Education Policy, 2020 (NEP), and promoting Indian heritage, languages, and values.

Punjab expects to receive Rs 515 crore under SSA, which was withheld by the Centre after the state previously refused to implement the PM SHRI scheme.

The withheld funds include the 3rd and 4th instalments for FY 2023-24 (approximately Rs 350 crore) and the first instalment for FY 2024-25 (around Rs 165 crore).

The PM SHRI scheme has a budget of Rs 27,000 crore for upgrading 14,500 schools across India over five years, with the Centre covering 60% of the costs and the states 40%.

In Punjab, 241 schools were identified for infrastructural upgrades under the scheme.

10) Answer: B

Short Explanation:

India's first sunken museum was inaugurated at the Humayun's Tomb Complex in New Delhi.

The inauguration was led by Union Culture Minister Gajendra Singh Shekhawat, with Prince Rahim Aga Khan and other dignitaries present.

Humayun's Tomb complex is a UNESCO World Heritage Site, adding historical and cultural importance to the museum's location.

The museum, developed by the Aga Khan Trust in collaboration with the Archaeological Survey of India, has been built for Rs 250 crore.

Detailed Explanation:

India's first sunken museum was inaugurated at the Humayun's Tomb Complex in New Delhi.

The inauguration was led by Union Culture Minister Gajendra Singh Shekhawat, with Prince Rahim Aga Khan and other dignitaries present.

Humayun's Tomb complex is a UNESCO World Heritage Site, adding historical and cultural importance to the museum's location.

The museum, developed by the Aga Khan Trust in collaboration with the Archaeological Survey of India, has been built for Rs 250 crore.

The foundation stone was laid in April 2015.

The museum’s design is inspired by the ancient ‘Baolis’ or step wells of Delhi, reflecting traditional architectural elements.

The inauguration coincides with the 46th session of the UNESCO World Heritage Committee currently being held in New Delhi

11) Answer: C

Short Explanation:

The government plans to operationalize 12 new airports across eight states and Union Territories this year under the UDAN (Ude Desh ka Aam Naagrik) scheme.

UDAN aims to enhance regional connectivity by reviving and upgrading unserved and underserved airports.

Phase I of the scheme allocated Rs 4,500 crore for the development of airports, heliports, and water aerodromes.

Phase II has allocated an additional Rs 1,000 crore.

Detailed Explanation:

The government plans to operationalize 12 new airports across eight states and Union Territories this year under the UDAN (Ude Desh ka Aam Naagrik) scheme.

Locations include Shibpur (Car Nicobar), Ambikapur (Chhattisgarh), Rewa and Datia (Madhya Pradesh), Amravati and Solapur (Maharashtra), Daman (Daman & Diu), Ambala (Haryana), Moradabad and Saharanpur (Uttar Pradesh), and Vellore and Neyveli (Tamil Nadu).

UDAN aims to enhance regional connectivity by reviving and upgrading unserved and underserved airports.

Phase I of the scheme allocated Rs 4,500 crore for the development of airports, heliports, and water aerodromes.

Phase II has allocated an additional Rs 1,000 crore.

As of June 30, 2024, Rs 4,073 crore has been spent under Phase I.

Since its inception in 2016, UDAN has established 579 routes connecting 85 airports, including 13 heliports and 2 water aerodromes.

12) Answer: B

Short Explanation:

Azerbaijan will host the 29th Conference of Parties (COP29) to the United Nations Framework Convention on Climate Change (UNFCCC).

Azerbaijan has announced the launch of the 'Climate Finance Action Fund'.

Operational Framework:The fund is part of a package of 14 initiatives introduced during COP29 thematic days.

Detailed Explanation:

Azerbaijan will host the 29th Conference of Parties (COP29) to the United Nations Framework Convention on Climate Change (UNFCCC).

Azerbaijan has announced the launch of the 'Climate Finance Action Fund'.

Operational Framework:The fund is part of a package of 14 initiatives introduced during COP29 thematic days.

It is a catalytic public-private partnership fund aimed at mobilizing private sector investment and de-risking such investments.

Funding Goals:The fund will become operational once it completes an initial fundraising round of $1 billion and secures commitments from 10 contributing countries as shareholders.

Capital Allocation:50% of the capital will be directed towards climate projects in developing countries, covering mitigation, adaptation, and research and development

13) Answer: B

Short Explanation:

Rapido has become the latest unicorn by raising $120 million (approximately Rs 1,000 crore) in primary capital from existing investor WestBridge Capital, achieving a post-money valuation of $1 billion.

The company's valuation increased from $825 million following a $180 million funding round in April 2022.

Detailed Explanation:

Rapido has become the latest unicorn by raising $120 million (approximately Rs 1,000 crore) in primary capital from existing investor WestBridge Capital, achieving a post-money valuation of $1 billion.

The company's valuation increased from $825 million following a $180 million funding round in April 2022.

Rapido's total funding now stands at $329 million.

Previous investors include Swiggy, Nexus Venture Partners, and Integrated Capital.

Swiggy did not participate in this latest funding round.

Rapido is likely to raise an additional $20 million from global investors.

Rapido is the fourth unicorn of the year, following Perfios, Ola’s Gen AI platform Krutrim, and Porter.

In 2023, only Zepto and InCred Finance achieved unicorn status.

14) Answer: B

Short Explanation:

The Indian economy is projected to grow above 7%, potentially closer to 7.5% in the current fiscal year, according to the National Council of Applied Economic Research (NCAER).

The fiscal deficit target is set at 4.9% of GDP.

Capital expenditure is budgeted at 2.4% of GDP.

The NCAER-NSE Business Confidence Index increased to 149.8 in Q1 FY25, up from 138.2 in Q4 FY24, indicating improved business sentiments.

IMF and ADB project India’s growth at 7% for FY2024-25.

Detailed Explanation:

The Indian economy is projected to grow above 7%, potentially closer to 7.5% in the current fiscal year, according to the National Council of Applied Economic Research (NCAER).

The growth outlook is supported by a normal monsoon, reduced electoral uncertainty, and stable global conditions.

Real GDP grew by 8.2% in FY2023-24, driven by strong consumption demand and improving investment demand.

The fiscal deficit target is set at 4.9% of GDP.

Capital expenditure is budgeted at 2.4% of GDP.

The NCAER-NSE Business Confidence Index increased to 149.8 in Q1 FY25, up from 138.2 in Q4 FY24, indicating improved business sentiments.

IMF and ADB project India’s growth at 7% for FY2024-25.

15) Answer: B

Short Explanation:

Aditya Birla group-owned UltraTech entered into a share purchase agreement with the promoters and their associates of India Cements Limited to purchase 10,13,91,231 equity shares or 32.72% stake for ₹390 apiece totalling ₹3,954 crore, subject to regulatory approvals.

Capacity and Operations : India Cements has a total capacity of 14.45 million tonnes per annum (MTPA) of grey cement.

Detailed Explanation:

Aditya Birla group-owned UltraTech entered into a share purchase agreement with the promoters and their associates of India Cements Limited to purchase 10,13,91,231 equity shares or 32.72% stake for ₹390 apiece totalling to ₹3,954 crore, subject to regulatory approvals.

Previous Acquisition:InJune,2024 UltraTech acquired 7,05,64,656 equity shares (22.77% stake) at ₹268 per share.

Post-Acquisition Stake:Following this acquisition, UltraTech’s total stake in India Cements will increase to 55.49%.

This will trigger an open offer, and India Cements will become a subsidiary of UltraTech Cement Ltd.

Capacity and Operations : India Cements has a total capacity of 14.45 million tonnes per annum (MTPA) of grey cement.

Of this, 12.95 MTPA is in the South (particularly Tamil Nadu) and 1.5 MTPA in Rajasthan, while UltraTech is the third largest cement producer in the world, outside of China, with a total Grey Cement capacity of 154.86 MTPA.

16) Answer: D

Short Explanation:

The GROWTH-India Telescope captured a 116-metre asteroid, known as ‘2011 MW1’, during its closest approach to Earth.

The asteroid, classified as a Near-Earth Asteroid, passed by at a speed of 28,946 kilometres per hour.

Its closest approach was ten times the distance to the Moon.

Although it is an Apollo-class asteroid with an orbit intersecting Earth’s path, it is not considered a ‘Potentially Hazardous Asteroid’.

GROWTH-India Telescope is India's first fully robotic optical research telescope.

Detailed Explanation:

The GROWTH-India Telescope captured a 116-metre asteroid, known as ‘2011 MW1’, during its closest approach to Earth.

The asteroid, classified as a Near-Earth Asteroid, passed by at a speed of 28,946 kilometres per hour.

Its closest approach was ten times the distance to the Moon.

Although it is an Apollo-class asteroid with an orbit intersecting Earth’s path, it is not considered a ‘Potentially Hazardous Asteroid’.

GROWTH-India Telescope is India's first fully robotic optical research telescope.

Primary Mission: To observe explosive transients and variable sources, including near-Earth asteroids.

Location: The telescope is located at the Indian Astronomical Observatory site at Hanle, Ladakh.

Situated at 4500 metres above mean sea level, this is one of the highest observatory sites in the world and one of the best telescope locations in the country.

Other Telescopes at the Site: Himalayan Chandra Telescope (HCT), gamma-ray array telescope (HAGAR), and imaging Cherenkov telescope (MACE).

17) Answer: B

Short Explanation:

Chennai is set to host India's first-ever night street racing event, marking the second round of the Indian Racing Festival (IRF).

The event will take place from August 30 to September 1.

Detailed Explanation:

Chennai is set to host India's first-ever night street racing event, marking the second round of the Indian Racing Festival (IRF).

The event will take place from August 30 to September 1.

The race will be held on a 3.5-kilometer circuit starting at the Island Grounds in Chennai.

The FIA Indian F4 Championship is a significant opportunity for aspiring racers, as the winner earns FIA Super License points, which are crucial for advancing in motorsport careers.

The IRF will kick off with races at the Madras International Circuit on August 24 and 25, followed by the street race on August 30.

18) Answer: B

Short Explanation:

At the Tokyo Olympics, Torri Huske narrowly missed the women's 100m butterfly podium by a mere hundredth a second.

Fast forward three years, and she emerged as the Olympic champion in Paris.

Huske's path to victory involved chasing down the world record holder and her American teammate, Gretchen Walsh.

China's Zhang Yufei secured the bronze medal with a time of 56.21 seconds.

Detailed Explanation:

At the Tokyo Olympics, Torri Huske narrowly missed the women's 100m butterfly podium by a mere hundredth a second.

Fast forward three years, and she emerged as the Olympic champion in Paris.

Huske's path to victory involved chasing down the world record holder and her American teammate, Gretchen Walsh.

Torri Huske clinched the gold in an electrifying final, finishing in 55.59 seconds.

She beat Gretchen Walsh to the wall by just 0.04 seconds, securing her first individual Olympic gold medal.

Walsh took silver, marking her first individual Olympic medal.

At the U.S. Olympic swimming trials in June, Walsh set a world record with a time of 55.18 seconds.

Both Huske and Walsh earned silver medals as part of the U.S. women's 4x100m freestyle relay team.

China's Zhang Yufei secured the bronze medal with a time of 56.21 seconds.

19) Answer: B

Short Explanation:

Ban Hyo-jin secured a significant victory for South Korea by winning the gold medal in the women’s 10m air rifle event at the Paris 2024 Olympics.

Ban won the gold after a tense shoot-off against Huang Yuting of China, finishing with a score of 251.8 points.

Detailed Explanation:

Ban Hyo-jin secured a significant victory for South Korea by winning the gold medal in the women’s 10m air rifle event at the Paris 2024 Olympics.

This achievement marked South Korea's 100th gold medal in Summer Olympic history and set a new record in South Korean sports.

The finals took place at the Chateauroux Shooting Center.

Ban won the gold after a tense shoot-off against Huang Yuting of China, finishing with a score of 251.8 points.

This medal is South Korea's 100th gold in the history of the Summer Olympics.

20) Answer: E

Short Explanation:

China's Sheng Lihao made a remarkable mark at the Paris 2024 Olympics, winning his second gold medal in the men's 10m air rifle event with a new Olympic record.

Gold: Sheng Lihao (China) - 252.2 points

Silver: Victor Lindgren (Sweden) - 251.4 points

Detailed Explanation:

China's Sheng Lihao made a remarkable mark at the Paris 2024 Olympics, winning his second gold medal in the men's 10m air rifle event with a new Olympic record.

Gold: Sheng Lihao (China) - 252.2 points

Silver: Victor Lindgren (Sweden) - 251.4 points

Bronze: Miran Maricic (Croatia)

21) Answer: A

Short Explanation:

India is expected to host the Men’s Asia Cup in 2025.

Bangladesh is slated to host the tournament in 2027 with the 50-over format.

The Asian Cricket Council (ACC) released a document for Sponsorship Rights from 2024 to 2027.

Detailed Explanation:

India is expected to host the Men’s Asia Cup in 2025.

Bangladesh is slated to host the tournament in 2027 with the 50-over format.

The Asian Cricket Council (ACC) released a document for Sponsorship Rights from 2024 to 2027.

Originally meant to be hosted by Pakistan, the 2023 Men’s Asia Cup was shared with Sri Lanka due to political tensions.

India won the 2023 tournament, defeating Sri Lanka by 10 wickets in the final. Mohammed Siraj’s six-wicket haul was instrumental in that victory.

The Indian team is now led by Gautam Gambhir as Head Coach following Rahul Dravid’s departure after the T20 World Cup 2024 victory.

Suryakumar Yadav has been appointed as the captain of the Indian T20I team.

22) Answer: C

Short Explanation:

Manu Bhaker and Sarabjot Singh won the bronze medal in the 10m air pistol mixed team event.

They defeated the South Korean pair of Oh Ye Jin and Wonho Lee with a score of 16-10.

Detailed Explanation:

Manu Bhaker and Sarabjot Singh won the bronze medal in the 10m air pistol mixed team event.

They defeated the South Korean pair of Oh Ye Jin and Wonho Lee with a score of 16-10.

Oh Ye Jin scored 9 on her last shot and her partner 9.5.

Manu Bhaker scored 9.4, but Sarabjot Singh’s final shot of 10.2 clinched the medal.

Manu Bhaker becomes the first Indian woman to win multiple medals in a single Olympic Games.

Sarabjot Singh won his first Olympic medal.

Manu had previously won a bronze in the women’s 10m air pistol event at the 2024 Paris Olympics.

23) Answer: E

Short Explanation:

World Ranger Day is celebrated on July 31 each year

The first World Ranger Day was celebrated in 2007, marking the 15th anniversary of the International Ranger Federation (IRF).

World Ranger Day 2024 is observed to honour the dedication and sacrifices of rangers who have lost their lives in the line of duty.

Detailed Explanation:

World Ranger Day is celebrated on July 31 each year

The first World Ranger Day was celebrated in 2007, marking the 15th anniversary of the International Ranger Federation (IRF).

The IRF was founded in 1992 through a joint agreement by the Scottish Countryside Rangers Association (SCRA), the US Association of National Park Rangers (ANPR), and the Countryside Management Association (CMA) from Wales and England.

Rangers play a crucial role in safeguarding natural and cultural resources around the world.

World Ranger Day 2024 is observed to honour the dedication and sacrifices of rangers who have lost their lives in the line of duty.

24) Answer: A

About UNFCCC :

Established : 1992

Headquarters : Bonn, Germany

Executive Secretary : Simon Stiell

UNFCCC is the UN process for negotiating an agreement to limit dangerous climate change.

25) Answer: C

GROWTH-India Telescope is India's first fully robotic optical research telescope.

Location: The telescope is located at the Indian Astronomical Observatory site at Hanle, Ladakh.

Situated at 4500 metres above mean sea level, this is one of the highest observatory sites in the world and one of the best telescope locations in the country.

The GROWTH-India project is part of an international network of observatories, known as the Global Relay of Observatories Watching Transients Happen (GROWTH).