Category: CA Quiz

1) Which anniversary will the inauguration of India’s first Constitution Museum, “The Constitution Academy and The Rights & Freedoms Museum,” celebrate?

    A) 60th Anniversary<br />B) 65th Anniversary<br />C) 70th Anniversary<br />D) 75th Anniversary<br />E) 80th Anniversary</p>     
                                            <a tabindex="0">ANSWER AND EXPLANATION</a>
                <p>Answer:

D) 75th Anniversary

2. What is the maximum aggregate exposure cap for lenders to borrowers on P2P platforms as per the updated RBI Master Directions?

A) Rs 10 lakh
B) Rs 25 lakh
C) Rs 50 lakh
D) Rs 75 lakh
E) Rs 1 crore

ANSWER AND EXPLANATION

Answer:

C) Rs 50 lakh

3. Which bank has introduced a special edition of ‘Vijay Fixed Deposits (FD)’ to celebrate India’s 78th Independence Day?

A) HDFC Bank
B) ICICI Bank
C) RBL Bank
D) Axis Bank
E) State Bank of India (SBI)

ANSWER AND EXPLANATION

Answer:

C) RBL Bank

4. Who has been appointed as the Permanent Representative of India to the United Nations in New York, USA?

A) Ruchira Kamboj
B) Parvathaneni Harish
C) Sanjay Kumar
D) Anil Kumar
E) Ashok Kumar Singh

ANSWER AND EXPLANATION

Answer:

B) Parvathaneni Harish

5. Who has been appointed as the Chef de Mission (CDM) for the Indian team at the Paris Paralympics?

A) Satya Prakash Sangwan
B) Manish Narwal
C) Deepa Malik
D) Mariyappan Thangavelu
E) Sumit Antil

ANSWER AND EXPLANATION

Answer:

A) Satya Prakash Sangwan

6.Who is the new host for the Women’s T20 World Cup 2024, which was relocated from Bangladesh?

A) India
B) Sri Lanka
C) United Arab Emirates (UAE)
D) Pakistan
E) Qatar

ANSWER AND EXPLANATION

Answer:

C) United Arab Emirates (UAE)

7.On which date is the International Day of Remembrance and Tribute to the Victims of Terrorism observed annually?

A) August 15
B) August 21
C) September 11
D) October 2
E) November 1

ANSWER AND EXPLANATION

Answer:

B) August 21

1.What are the primary objectives of the two new schemes launched by Chief Minister Sukhvinder Singh Sukhu on August 17, 2024, in Himachal Pradesh?

    A. To improve healthcare facilities and promote eco-tourism.<br />B. To provide nutritious food to schoolchildren and enhance digitalization in education.<br />C. To develop infrastructure for sports and increase rural employment.<br />D. To offer financial aid to small businesses and expand urban transportation.<br />E. To establish new agricultural research centers and support arts and culture.</p>     
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ANSWER AND EXPLANATION

Answer:

B. To provide nutritious food to schoolchildren and enhance digitalization in education.

2.What significant event does the commemorative Rs. 100 coin released by Union Minister Rajnath Singh on August 18, 2024, celebrate?

A. The 75th Independence Day of India
B. The 50th anniversary of the Indian Space Research Organisation (ISRO)
C. The birth centenary of former Tamil Nadu Chief Minister Kalaignar Muthuvel Karunanidhi
D. The 100th anniversary of the Indian National Congress party
E. The centenary of the Indian Constitution

ANSWER AND EXPLANATION

C. The birth centenary of former Tamil Nadu Chief Minister Kalaignar Muthuvel Karunanidhi

According to the World Economic Forum (WEF), how much crop land did India lose due to excess rains and drought from 2015 to 2021?

A. 20 million hectares due to excess rains and 25 million hectares due to drought
B. 33.9 million hectares due to excess rains and 35 million hectares due to drought
C. 25 million hectares due to excess rains and 30 million hectares due to drought
D. 40 million hectares due to excess rains and 20 million hectares due to drought
E. 30 million hectares due to excess rains and 40 million hectares due to drought

ANSWER AND EXPLANATION

Answer:

B. 33.9 million hectares due to excess rains and 35 million hectares due to drought

4.What is the primary purpose of the ‘PNB ANTAH DRISHTI Braille Debit Card’ launched by Punjab National Bank (PNB)?

A. To provide a special card for senior citizens with enhanced security features
B. To offer a new debit card with higher transaction limits for frequent travelers
C. To create a contactless debit card with Braille accessibility for visually impaired customers
D. To introduce a credit card with benefits tailored for business professionals
E. To launch a loyalty card program for regular banking customers

ANSWER AND EXPLANATION

Answer:

C. To create a contactless debit card with Braille accessibility for visually impaired customers

5.Who received approval from the RBI for conversion from an NBFC-Core Investment Company (CIC) to an NBFC-Investment Credit Company (ICC)?

A) Tata Consultancy Services Limited (TCS)

B) Tata Motors Limited

C) Tata Capital Limited (TCL)

D) Tata Steel Limited

E) Tata Power Limited

ANSWER AND EXPLANATION

Answer:

C) Tata Capital Limited (TCL)

6.What is the monetary penalty amount imposed on the Bank of Maharashtra (BoM) by the RBI?

A) Rs. 1.00 crore
B) Rs. 1.27 crore
C) Rs. 1.50 crore
D) Rs. 1.75 crore
E) Rs. 2.00 crore
ANSWER AND EXPLANATION
Answer:

B) Rs. 1.27 crore

7.Which country will export nearly 1,000 MW of electricity to India, as announced by External Affairs Minister S. Jaishankar?

A) Bhutan
B) Sri Lanka
C) Nepal
D) Bangladesh
E) Pakistan
ANSWER AND EXPLANATION
Answer:

C) Nepal

8.Which disease was declared a “public health emergency of international concern (PHEIC)” by WHO Director General Dr. Tedros Adhanom Ghebreyesus due to an upsurge in cases?

A) COVID-19

B) Ebola

C) Mpox (Monkeypox)

D) Zika Virus

E) Tuberculosis

ANSWER AND EXPLANATION

Answer:

C) Mpox (Monkeypox)

9.Which two para-athletes have been named as the Indian flag bearers for the opening ceremony of the 2024 Paris Paralympics Games?

A) Avani Lekhara and Mariyappan Thangavelu

B) Sumit Antil and Bhagyashri Jadhav

C) Deepa Malik and Pramod Bhagat

D) Manish Narwal and Swapnil Patil

E) Sandeep Singh and Mandeep Kaur

ANSWER AND EXPLANATION

Answer:

B) Sumit Antil and Bhagyashri Jadhav

10.Who has taken over as the Director General of the Employees’ State Insurance Corporation (ESIC)?

A) Shri Rajesh Kumar Verma
B) Shri Anil Kumar Sharma
C) Shri Ashok Kumar Singh
D) Shri Sunil Kumar Yadav
E) Shri Rakesh Kumar Gupta

ANSWER AND EXPLANATION

Answer:

B) Sumit Antil and Bhagyashri Jadhav

1) Which act has the Maharashtra Government used to officially designate the Petroglyphs and Geoglyphs in Ratnagiri as ‘Protected Monuments’?

    A) The Indian Archaeological Sites and Remains Act, 1958<br />B) The Maharashtra Ancient Monuments and Archaeological Sites and Remains Act, 1960<br />C) The Ancient Monuments Preservation Act, 1904<br />D) The Archaeological Sites Act, 1972</p>       
                                            <a tabindex="0">ANSWER AND EXPLANATION</a>
                <p>Answer: B) The Maharashtra Ancient Monuments and Archaeological Sites and Remains Act, 1960
        <h2>2.How much investment has been approved by the Union Cabinet for the airport infrastructure projects in West Bengal and Bihar?</h2>     
    A) ₹1,500 crore<br />B) ₹2,000 crore<br />C) ₹2,962 crore<br />D) ₹3,500 crore</p>      
                                            <a tabindex="0">ANSWER AND EXPLANATION</a>
                <p>Answer: C) ₹2,962 crore
        <h2>3.What is the primary purpose of the Krishi-Decision Support System (DSS) launched by Bhagirath Choudhary?</h2>     
    A) To provide financial assistance to farmers<br />B) To enhance agricultural practices through a digital geo-spatial platform<br />C) To manage agricultural supply chains<br />D) To promote international trade of agricultural products</p>     
                                            <a tabindex="0">ANSWER AND EXPLANATION</a>
                <p>Answer: B) To enhance agricultural practices through a digital geo-spatial platform
        <h2>4.What is the main objective of the Memorandum of Understanding (MoU) signed between the Comptroller and Auditor General of India (CAG) and the Chamber of Accounts of Uzbekistan?</h2>     
    A) To promote bilateral trade agreements<br />B) To enhance collaboration and expertise in auditing<br />C) To establish a joint educational program<br />D) To cooperate on technological advancements</p>     
                                            <a tabindex="0">ANSWER AND EXPLANATION</a>
                <p>Answer: B) To enhance collaboration and expertise in auditing
        <h2>5.What is the primary objective of DSP Mutual Fund's newly introduced Nifty Top 10 Equal Weight Index Fund and ETF?</h2>        
    A) To provide exposure to international markets<br />B) To offer balanced exposure to the top 10 companies on the Nifty Index with equal weight<br />C) To invest exclusively in technology stocks<br />D) To focus on small-cap and mind-cap companies</p>     
                                            <a tabindex="0">ANSWER AND EXPLANATION</a>
                <p>Answer: B) To offer balanced exposure to the top 10 companies on the Nifty Index with equal weight
        <h2>6.Who launched the National Pest Surveillance System (NPSS) to enhance pest management for Indian farmers?</h2>     
    A) Narendra Modi<br />B) Amit Shah<br />C) Shivraj Singh Chouhan<br />D) Nitin Gadkari<br /><br /></p>      
                                            <a tabindex="0">ANSWER AND EXPLANATION</a>
                <p>Answer: C) Shivraj Singh Chouhan
        <h2>7.Who has been appointed as the Managing Director and Chief Executive Officer (MD & CEO) of Tamilnad Mercantile Bank (TMB) for a three-year term, pending shareholder approval?</h2>        
    A) K. S. R. Anjaneyulu<br />B) Salee Sukumaran Nair<br />C) Ravi Shankar Prasad<br />D) Sandeep Bakhshi</p>     
                                            <a tabindex="0">ANSWER AND EXPLANATION</a>
                <p>Answer: B) Salee Sukumaran Nair
        <h2>8.Which jersey number has Hockey India officially retired in tribute to Parattu Raveendran (PR) Sreejesh?</h2>      
    A) No. 10<br />B) No. 12<br />C) No. 16<br />D) No. 20<br /><br /></p>      
                                            <a tabindex="0">ANSWER AND EXPLANATION</a>
                <p>Answer: C) No. 16
        <h2>9.What is the maximum amount of interest-free loans provided under the Mukhyamantri Yuva Udyam Vikas Abhiyan (MYUVA) scheme?</h2>       
    A) Rs 2 lakh<br />B) Rs 3 lakh<br />C) Rs 5 lakh<br />D) Rs 7 lakh</p>      
                                            <a tabindex="0">ANSWER AND EXPLANATION</a>
                <p>Answer: C) Rs 5 lakh