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GK Current Affairs Quiz: July 01st 2024

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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

Answer: B) $1.5 billion
  • 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

Answer: C) July 1, 2024
  • 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

Answer: B) Ravi Agrawal
  • 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

Answer: C) Union Premier
  • 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

Answer: B) 28%
  • 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

Answer: C) Tata Group
  • 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

Answer: C) eSankhyiki Portal
  • 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

Answer: C) Ravindra Jadeja
  • 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

Answer: B) 1st July
  • 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

Answer: A) $28.6 billion
  • 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

Answer: C) 2070
  • 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

Answer: C) Challa Sreenivasulu Setty
  • 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

Answer: A) Telecom
  • 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

Answer: B) National Doctor’s Day
  • 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

Answer: C) 63 years
  • 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.
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