Current Affairs Questions and Answers 06th July 2024

06th July Current Affairs 2024 Quiz

Q1. Which of the following is not a focus area of support provided by WEP to women entrepreneurs?

(a) Entrepreneurship promotion

(b) Access to finance

(c) Market linkages

(d) Direct cash grants

(e) Training and skilling

Q2. What specific non-compliance actions did PNB commit that resulted in the RBI penalty?

(a) Sanctioning loans without collateral

(b) Failing to preserve KYC records and sanctioning loans against government receivables

(c) Overcharging interest on loans

(d) Engaging in money laundering activities

(e) Providing loans to non-verified foreign entities

Q3. Which tagline is associated with the launch of Bajaj Freedom?

(a) Ride the Future

(b) Go Green, Go Bajaj

(c) Ride the Change

(d) Eco-Rider’s Choice

(e) Green Revolution

Q4. Which sector saw the highest growth in employment in June 2024?

(a) Information Technology

(b) Healthcare

(c) Education

(d) Finance

(e) Manufacturing

Q5. Which status does BPCL hold among Indian companies?

(a) Navratna

(b) Miniratna

(c) Maharatna

(d) PSCE

(e) PSCU

Q6. What percentage of India’s micro, small, and medium enterprises (MSMEs) are women-owned?

(a) 10.5%

(b) 15.2%

(c) 18.3%

(d) 20.5%

(e) 25.7%

Q7. What was the year-on-year growth rate of the National Pension System (NPS) assets as of June 29, 2024?

(a) 28.64%

(b) 40.1%

(c) 50.0%

(d) 12.5%

(e) 35.2%

Q8 . Who has been appointed as the Chief Justice of the Jharkhand High Court, succeeding Justice Sanjaya Kumar Mishra?

(a) Justice Bidyut Ranjan Sarangi

(b) Justice Muhamed Mustaque Ayumantakath

(c) Justice Shree Chandrashekhar

(d) Justice Ashish Jitendra Desai

(e) Justice CP Radhakrishnan

Q9. What was the financial position reference date used during the RBI’s inspection that led to the penalty on PNB?

(a) December 31, 2021

(b) March 31, 2021

(c) March 31, 2022

(d) June 30, 2022

(e) December 31, 2022

Q10. Which government organization has certified the safety of Bajaj Freedom’s CNG tank?

(a) PESO (Petroleum & Explosive Safety Organisation)

(b) ISI (Indian Standards Institute)

(c) BIS (Bureau of Indian Standards)

(d) FSSAI (Food Safety and Standards Authority of India)

(e) DRDO (Defence Research and Development Organisation)

Solutions

S1. Ans. (d)

Sol.  WEP provides support across various pillars such as entrepreneurship promotion, access to finance, market linkages, training and skilling, mentoring, and business development services. Direct cash grants are not mentioned as a focus area.

S2. Ans.(b)

Sol. PNB was penalized for failing to preserve KYC records and sanctioning loans to state government-owned corporations against amounts receivable from the government, such as subsidies, refunds, or reimbursements.

S3. Ans.(c)

Sol.  Bajaj Freedom is launched with the tagline “Ride the Change,” emphasizing its contribution to sustainable transportation and environmental impact reduction.

S4. Ans.(e)

Sol.  The manufacturing sector saw the fastest pace of employment growth in 18 years in June 2024, driven by increased new orders and production activities.

S5. Ans.(c)

Sol. BPCL is a ‘Maharatna’ company, a status granted to select central public sector enterprises in India based on their financial performance and operational autonomy.

S6. Ans.(d)

Sol. According to data, 20.5% of India’s MSMEs are women-owned, employing as many as 27 million people.

S7. Ans.(b)

Sol . According to the PFRDA data, the NPS assets recorded a year-on-year growth of 40.1%, reaching ₹2.47-lakh crore by June 29, 2024.

S8. Ans.(a)

Sol.  Justice Sarangi has been appointed as the Chief Justice of the Jharkhand High Court following the retirement of Justice Sanjaya Kumar Mishra on December 28, 2023. This appointment was officially announced by the Union Ministry of Law and Justice on July 3, 2024.

S9. Ans.(c)

Sol . The RBI’s Statutory Inspection for Supervisory Evaluation (ISE 2022) was conducted with reference to PNB’s financial position as of March 31, 2022.

S10. Ans.(a)

Sol.  Bajaj Freedom’s CNG tank has received official certification from PESO, ensuring compliance with safety standards set by the government.