Current Affairs Quiz 01st July 2024
Directions for the quiz:
1. This quiz, that is the Current Affairs Quiz 01st July 2024, is meant to be a check for your learning and is meant to serve as a tool for assessment.
2. Current Affairs Quiz 01st July 2024 is designed to check your Current Affairs General Knowledge and provide you with an assessment of the same.
3. Each question in Current Affairs Quiz 01st July 2024 followed by 4 options. Select the most appropriate option for the question.
4. Before you take this quiz, we would recommend to you to go through the article, Daily Current Affairs Today 01st July, 2024
Question 1:
What is the value of the second round of financing approved by the World Bank to support India’s green hydrogen push?
A) $1 billion
B) $1.5 billion
C) $2 billion
D) $2.5 billion
Answer and Explanation
- Explanation: The World Bank has approved a second round of $1.5 billion in financing to help India accelerate its development of low-carbon energy.
Question 2:
When will the new criminal laws Bharatiya Nyaya Sanhita, Bharatiya Nagarik Suraksha Sanhita, and Bharatiya Sakshya Adhiniyam come into force?
A) January 1, 2024
B) April 1, 2024
C) July 1, 2024
D) October 1, 2024
Answer and Explanation
- Explanation: The three new criminal laws will come into force on July 1, 2024.
Question 3:
Who has been appointed as the new chairman of the Central Board of Direct Taxes (CBDT)?
A) Nitin Gupta
B) Ravi Agrawal
C) Ashwini Tiwari
D) Vinay Tonse
Answer and Explanation
- Explanation: Ravi Agrawal, a 1988-batch IRS officer, has been appointed as the new chairman of the CBDT.
Question 4:
What new service has Union Bank of India introduced for high-value customers in rural and semi-urban markets?
A) Union Elite
B) Union Supreme
C) Union Premier
D) Union Prestige
Answer and Explanation
- Explanation: Union Bank of India has launched “Union Premier” branches tailored for high-value customers in rural and semi-urban markets.
Question 5:
By what percentage has the RBI increased the aggregate Ways and Means Advances (WMA) limit for State governments and Union Territories (UTs)?
A) 25%
B) 28%
C) 30%
D) 35%
Answer and Explanation
- Explanation: The Reserve Bank of India (RBI) has increased the aggregate Ways and Means Advances (WMA) limit for State governments and Union Territories (UTs) by 28%.
Question 6:
Which group is India’s most valuable brand as per the recent report?
A) Infosys
B) HDFC Group
C) Tata Group
D) Reliance Industries
Answer and Explanation
- Explanation: Tata Group has maintained its position as India’s most valuable brand with a value of $28.6 billion.
Question 7:
What initiative has the Ministry of Statistics and Programme Implementation (MoSPI) launched to enhance data access?
A) eStats Portal
B) DataHub Portal
C) eSankhyiki Portal
D) StatConnect Portal
Answer and Explanation
- Explanation: The Ministry of Statistics and Programme Implementation (MoSPI) has introduced the eSankhyiki portal to revolutionize data accessibility and user experience.
Question 8:
Which Indian cricketer announced his retirement from T20 internationals after India’s T20 World Cup 2024 triumph?
A) Virat Kohli
B) Rohit Sharma
C) Ravindra Jadeja
D) Hardik Pandya
Answer and Explanation
- Explanation: Ravindra Jadeja announced his decision to retire from T20 internationals following India’s T20 World Cup 2024 triumph.
Question 9:
When is GST Day celebrated in India?
A) 1st June
B) 1st July
C) 1st August
D) 1st September
Answer and Explanation
- Explanation: Goods and Services Tax (GST) Day is celebrated on 1st July every year in India.
Question 10:
What is the value of Tata Group, making it the most valuable brand in India?
A) $28.6 billion
B) $30 billion
C) $25 billion
D) $32 billion
Answer and Explanation
- Explanation: Tata Group’s value is $28.6 billion, marking a 9% increase from last year, making it India’s most valuable brand.
Question 11:
What is the target year for India to reach net zero emissions as per the World Bank’s financing initiative?
A) 2040
B) 2050
C) 2070
D) 2080
Answer and Explanation
- Explanation: The initiative aligns with India’s goal of reaching net zero emissions by 2070.
Question 12:
Who has been selected by FSIB as the next chairman of the State Bank of India (SBI)?
A) Ashwini Tiwari
B) Vinay Tonse
C) Challa Sreenivasulu Setty
D) Dinesh Khara
Answer and Explanation
- Explanation: FSIB has selected Challa Sreenivasulu Setty as the next chairman of the State Bank of India (SBI).
Question 13:
What sector experienced a 61% growth in brand value, driven by companies like Jio, Airtel, and Vi?
A) Telecom
B) Banking
C) IT
D) FMCG
Answer and Explanation
- Explanation: The telecom sector experienced a 61% growth in brand value, driven by Jio, Airtel, and Vi.
Question 14:
Which day is celebrated on 1st July every year to recognize the contributions of medical professionals?
A) National Health Day
B) National Doctor’s Day
C) Medical Professionals Day
D) Health Workers Day
Answer and Explanation
- Explanation: National Doctor’s Day is observed on 1st July every year to recognize the contributions of medical professionals.
Question 15:
What is the upper age limit for the position of SBI Chairman, as noted in the selection of Challa Sreenivasulu Setty?
A) 60 years
B) 62 years
C) 63 years
D) 65 years
Answer and Explanation
- Explanation: The upper age limit for the position of SBI Chairman is 63 years, which is the age at which the current chairman, Dinesh Khara, will retire.
