Current Affairs Questions and Answers 13th July 2024

13th July Current Affairs 2024 Quiz

Q1. What type of banking activities does the ‘Safety Ring’ specifically safeguard?

(a) Online bill payments.

(b) Term deposit closures and overdraft facilities.

(c) Fixed deposit creation.

(d) Mutual fund investments.

(e) Insurance premium payments.

Q2. Which benchmark does the performance of the Kotak BSE PSU Index Fund track?

(a) Nifty 50 Index

(b) Sensex

(c) BSE PSU Index (Total Return Index)

(d) NSE PSU Index

(e) BSE Midcap Index

Q3. Which European jurisdictions are mentioned as having tax treaty benefits that attract FPIs?

(a) Germany, Ireland, and Italy

(b) France, Ireland, and Luxembourg

(c) Spain, Ireland, and Switzerland

(d) Portugal, Ireland, and Netherlands

(e) Belgium, Ireland, and Denmark

Q4. Who launched the GRSE Accelerated Innovation Nurturing Scheme (GAINS 2024)?

(a) Prime Minister Narendra Modi

(b) President of India

(c) Raksha Rajya Mantri Shri Sanjay Seth

(d) Defence Minister Rajnath Singh

(e) Chief Minister of West Bengal

Q5. Which country led discussions on seafarer abandonment at the IMO Council session in London?

(a) India

(b) USA

(c) China

(d) Japan

(e) Brazil

Q6. Which act governs the financial services and products at IFSCs as per the RBI’s recent notification?

(a) Banking Regulation Act, 1949

(b) Foreign Exchange Management Act, 1999

(c) International Financial Services Centres Authority Act, 2019

(d) Companies Act, 2013

(e) Securities Contracts (Regulation) Act, 1956

Q7. How many types of medical devices are included in the MeDevIS platform?

(a) 2301

(b) 1200

(c) 500

(d) 5000

(e) 10,000

Q8 . Who is the Chairman and Managing Director of GRSE?

(a) Rajnath Singh

(b) Narendra Modi

(c) Cmde PR Hari, IN (Retd)

(d) Sanjay Seth

(e) Nirmala Sitharaman

Q9. Who are the fund managers responsible for managing the Kotak BSE PSU Index Fund?

(a) Mr. Abhishek Bisen

(b) Mr. Devender Singhal

(c) Mr. Satish Dondapati

(d) All of the above

(e) None of the above

Q10. Which sector forms a significant part of Ireland’s economy?

(a) Agriculture

(b) Manufacturing

(c) Technology

(d) Mining

(e) Fishing

Solutions

S1. Ans. (b)

Sol.  The ‘Safety Ring’ specifically safeguards activities related to term deposit closures and overdraft facilities, ensuring these transactions cannot exceed the customer-defined limit.

S2. Ans.(c)

Sol. The Kotak BSE PSU Index Fund benchmarks its performance against the BSE PSU Index (Total Return Index).

S3. Ans.(b)

Sol.  European jurisdictions such as France, Ireland, and Luxembourg offer attractive tax treaty benefits for FPIs. For instance, funds based in Ireland or Luxembourg enjoy zero tax on cash equities, making them appealing destinations for investors.

S4. Ans.(c)

Sol.  He launched the GAINS 2024 scheme at Garden Reach Shipbuilders & Engineers Limited (GRSE) in Kolkata, emphasizing its importance for technological innovation in the shipbuilding sector.

S5. Ans.(a)

Sol. India led discussions on seafarer abandonment, emphasizing the protection of maritime workers and securing its position in the Joint Tripartite Working Group dedicated to addressing seafarers’ welfare.

S6. Ans.(c)

Sol. The financial services and products at IFSCs, as per the recent RBI notification, are governed by the International Financial Services Centres Authority Act, 2019. This act establishes the legal framework for financial activities and products within IFSCs, aligning them with international standards.

S7. Ans.(a)

Sol . MeDevIS includes information on 2301 types of medical devices, which address a wide range of health issues. This extensive database helps healthcare practitioners and patients navigate the growing complexity of medical technologies.

S8. Ans.(c)

Sol.  He highlighted the importance of technological advancement through GAINS 2024 during its launch at GRSE.

S9. Ans.(d)

Sol . The fund managers for the Kotak BSE PSU Index Fund include Mr. Abhishek Bisen, Mr. Devender Singhal, and Mr. Satish Dondapati, as stated in the fund details.

S10. Ans.(c)

Sol.  Ireland’s economy is highly developed, with technology being a major contributor alongside pharmaceuticals and financial services.