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Ques : _______ urges Visa and Mastercard to reduce transaction
fees
_______ वीज़ा और म़ास्टरक़ार्ड से लेनदे न शल्
ु क कम करने क़ा आग्रह करत़ा है

(a) Australia / ऑस्ट्रे लिया

(b) Russia / रूस
(c) Japan / जापान
(d) USA / यए
ू सए
(e) China / चीन

Answer : Option E

Explanation :

 China is pushing for Visa and Mastercard to lower their bank card
transaction fees in the country to encourage spending by foreign visitors.

 The Payment & Clearing Association of China is proposing lowering the

fees charged on foreign card transactions to 1.5% from between 2% and
3%.

 Currently, merchants bear the transaction fees imposed by Visa and

Mastercard, often passing these costs to customers through higher prices.

 Regulators worldwide have been addressing the fees charged by Visa and
Mastercard to merchants for transaction processing.

 Earlier attempts to settle litigation in the U.S. regarding these fees faced
challenges, indicating ongoing regulatory scrutiny globally.

 Mastercard has acknowledged receiving the proposal and expressed intent

to collaborate with partners to lower costs for local merchants handling
foreign bank cards.

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  Both Visa and Mastercard stocks have seen positive performance in the
current year, with each gaining over 6%.

About Visa :

 Founded : September 18, 1958

 Headquarters : San Francisco, California, United States
 CEO : Ryan McInerney

About Mastercard :

 Founded : 1966
 Headquarters : New York, United States
 CEO : Michael Miebach

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Ques : Which bank has received the national award for significant
enrolment under Atal Pension Yojana (APY) by the Pension Fund
Regulatory and Development Authority (PFRDA).
ककस बैंक को पें शन फंर् ननय़ामक और ववक़ास प्ऱाधिकरण (पीएफआरर्ीए) द्व़ाऱा
अटल पें शन योजऩा (एपीव़ाई) के तहत महत्वपण
ू ड ऩाम़ांकन के ललए ऱाष्ट्रीय परु स्क़ार
प्ऱाप्त हुआ है ।

(a) South Indian Bank / साउथ इंडियन बैंक

(b) Karnataka Vikas Grameena Bank / कनााटक विकास ग्रामीण बैंक
(c) Dhanalakshmi Bank / धनिक्ष्मी बैंक
(d) Karnataka Bank / कनााटक बैंक
(e) Karur Vyasya Bank / करूर व्यास बैंक

Answer : Option B

Explanation :

 Karnataka Vikas Grameena Bank (KVGB), sponsored by Canara

Bank, has received the national award for significant enrolment under
the Atal Pension Yojana (APY) by the Pension Fund Regulatory and
Development Authority (PFRDA).

 The chairman of KVG Bank Shreekant M. Bhandiwad received the award

from Secretary, DFS, Government of India Vivek Joshi and Chairman of
PFRDA Deepak Mohanty.

 KVGB had enrolled 4,27,736 cumulative accounts under APY. During

2023-24, the bank enrolled 86,350 accounts against a target of 67,932,
achieving the target well ahead of schedule.

 While PFRDA had set a target of an average of 100 accounts per branch,
KVGB surpassed it with an average of 137 accounts, the highest among
all banks in South India.

 KVGB currently operates 629 branches across nine districts from

Vijayapura to Mangaluru. Notably, the bank made a national record by
enrolling over 68,000 accounts in a single day during the last fiscal year.
Ques : Goods and Services Tax (GST) Council has clarified ______
are Exempt from Taxation
वस्तु एवं सेव़ा कर (जीएसटी) पररषद ने स्पष्ट्ट ककय़ा है कक ______ को कऱाि़ान से
छूट प्ऱाप्त है

(a) Reinsurance
(b) Coinsurance
(c) Health insurance
(d) Both A and B
(e) Both A and C

Answer : Option D

Explanation :

 The Goods and Services Tax (GST) Council has clarified

that reinsurance and coinsurance are not considered as the supply of a
service and hence are not liable for GST.

 This spells a significant breather to insurance companies facing thousands

of crores in tax demands.

 This decision provides relief to insurance companies facing tax demands

amounting to approximately Rs 12,000 crore.

What is coinsurance and reinsurance?

 Coinsurance, in this instance, refers to insurers sharing insurance-bearing

liabilities.

 Reinsurance is the cover an insurer buys to insure itself through the

payment of premiums.

 The Directorate General of Goods and Services Tax Intelligence

(DGGI) had issued notices to about 20 insurance companies for non-
payment of GST on coinsurance and reinsurance premiums.

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Ques : Action Construction Equipment Ltd (ACE) has signed an
MoU with which bank to facilitate financing solutions for the
construction equipment business?
ए शन कंस्र शन वपमें ट लललमटे र् (ACE) ने ननम़ाडण उपकरण यवस़ाय के ललए
ववत्तपोषण सम़ाि़ान क सवु वि़ा के ललए ककस बैंक के स़ा एक सम त़ा ़ापन पर ह
स्त़ा र ककए हैं?

(a) Bank of Baroda / बैंक ऑफ बड़ौदा

(b) Indian Overseas Bank / इंडियन ओिरसीज बैंक
(c) Union Bank of India / यनू नयन बैंक ऑफ इंडिया
(d) Karnataka Bank / कनााटक बैंक
(e) Karur Vyasya Bank / करूर व्यास बैंक

Answer : Option A

Explanation :

 Action Construction Equipment Ltd. (ACE), a prominent player in

India’s construction equipment manufacturing sector, has entered into
a MoU with Bank of Baroda to facilitate financing solutions for
construction equipment businesses.

 Under this partnership, ACE customers across the country will have
access to tailored financing options provided by Bank of Baroda.

 This agreement aims to support construction equipment businesses, local

entrepreneurs, and startups by offering seamless access to financing.

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Recently signed banking agreements :

• India and South East Asian nation Cambodia are negotiating collaboration in
Unified Payment Interface-based (UPI) digital payment to promote trade and
tourism.
• India Post Payments Bank (IPPB) has partnered with Ria Money Transfer, a
global leader in cross-border money transfers to provide convenient and
affordable doorstep financial services to customers in remote areas across the
country.
• Federal Bank, in collaboration with National Payments Corporation of India
(NPCI), has launched RuPay Wave Credit Card to offer customers UPI-
powered transactions on RuPay network.
• Indian Computer Emergency Response Team (CERT-In) and Mastercard India
have signed MoU for collaboration in cyber security to enhance India’s cyber-
resilience in the financial sector
• Namdev Finvest, a Jaipur based NBFC, has entered into strategic alliance with
Bajaj Allianz General Insurance, a leading insurance platform, to offer
comprehensive financial solutions, including insurance and NBFC services, to
its customers.
• The Ministry of External Affairs (MEA) and the State Bank of India (SBI)
signed MoU to enhance digital payment services for users of the eMigrate
portal.
• Kotak Mahindra Life Insurance Company Ltd. (Kotak Life) has formed a
partnership with Mahindra & Mahindra Financial Services Ltd. (Mahindra
Finance) to provide life insurance solutions to customers.
• Fintech firm PhonePe has partnered with ride – hailing platform PickMe to
facilitate Unified Payments Interface (UPI)-based payments for Indian travellers
in Sri Lanka.
• Ashv Finance, a part of the Aavishkaar Group, has entered into a co-lending
agreement with HDFC Bank to offer unsecured business loans to micro and
small enterprises (MSEs).
• Muthoot Microfin has entered into a strategic co-lending partnership with the
State Bank of India (SBI). With this collaboration, Muthoot Microfin Limited
aims to extend its financial services to women entrepreneurs in rural and semi-
urban regions across India
• NPCI International Payments Ltd (NIPL) and the Reserve Bank of Peru have
announced a partnership to enable UPI-like real-time payments system in the
Latin American country.

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• Punjab National Bank (PNB), a leading public sector bank, has signed an
MoU with India Infrastructure Finance Company Ltd (IIFCL) to collaborate in
financing of infrastructure projects.
• Capital Small Finance Bank (CSFB) has forged a bancassurance tieup with
ICICI Lombard General Insurance Company Ltd.(ICICI Lombard), a private
general insurer. to distribute ICICI Lombard’s suite of general insurance
products, including health, motor, home, travel and rural insurance.
• Tata Consultancy Services (TCS) has signed a deal to modernize the core
banking technology of Burgan Bank, a leading commercial bank in Kuwait.
• SBI General Insurance Company Limited has partnered with Bima Central,
built by CAMS Insurance Repository, to launch the industry-first policyholder
servicing platform, Bima Central.
• PhonePe has partnered with Sri Lanka-based LankaPay to enable Unified
Payments Interface (UPI) transactions for PhonePe users in Sri Lanka.
• Aurm, an asset protection firm has partnered with Tata AIG General Insurance
to provide comprehensive insurance coverage to its customers for their
valuables.
• State Bank of India (SBI), has become the first trading-cum-clearing member
(TCM)at the India International Bullion Exchange (IIBX) – the country’s first
bullion exchange in GIFT City Gandhinagar.
• YES BANK, a leading private sector bank in India, is collaborating with
EBANX, a global fintech firm specializing in payment solutions for emerging
markets.
• Asian Development Bank and Citi Signed Master Risk Participation
Agreement (MRPA) to Support Small and Medium-Sized Enterprises (SMEs)
& Boost Trade Through Supply Chain Financing
• NPCI International Payments Limited (NIPL) has signed an agreement with
the Bank of Namibia (BoN) to support them in developing an instant payment
system like Unified Payment Interface (UPI) for Namibia.
• The State Bank of India (SBI) has entered into a five-year agreement with
HCL Software to digitally transform its customer interaction framework by
utilising the HCL Unica platform.
• Tata Motors has tied up with South Indian Bank to offer financing solutions to
its commercial vehicle customers and dealerships.
• NABARD has partnered with Reserve Bank’s arm RBIH to make a system
which will enable faster processing of agricultural loans
• Razorpay and Airtel Payments Bank Introduce UPI Switch
• Indian Bank has signed an agreement with Tata Power Solar Systems Ltd.
(TPSSL).

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• South Indian Bank has signed an MoU with Ashok Leyland Limited
• The Small Industries Development Bank of India(SIDBI) signed a
Memorandum of Understanding (MoU) with Jeevika, Bihar State Rural
Livelihoods Mission (SRLM) and UMED, Maharashtra-SRLM.
• J&K Bank partnered with Paymart India to launch virtual ATM Facility
• SIDBI partners fintech platform KarmaLife for micro loans to gig workers
• Central Bank of India partners with Veefin Solutions
• Suryoday Small Finance Bank with Magma HDI General Insurance
• Standard Chartered Bank with Star Health & Allied Insurance
• Saraswat Cooperative Bank with Life Insurance Corporation of India
• AU Small Finance Bank with Bajaj Allianz Life Insurance
• State Bank of Sikkim with SBI Life Insurance
• Karnataka Bank with HDFC Life
• Ujjivan Small Finance Bank with ICICI Prudential Life Insurance
• NKGSB Co-operative bank with HDFC Life Insurance Company
• ESAF Small Finance Bank with Edelweiss Tokio Life Insurance Company

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Ques : Anuj Tyagi has been appointed as the new MD & CEO of
which General Insurance company?
अनज
ु त्य़ा ी को ककस जनरल ं योरें स कंपनी क़ा नय़ा एमर्ी और सीई ननयु त कक
य़ा य़ा है ?

(a) Bajaj Allianz General Insurance / बजाज आलियांज जनरि इंश्योरें स

(b) Bharti AXA General Insurance / भारती एक्सा जनरि इंश्योरें स
(c) HDFC ERGO General Insurance / एचिीएफसी एर्गो जनरि इंश्योरें स
(d) Go Digit General Insurance / र्गो डिजजट जनरि इंश्योरें स
(e) Universal Sompo General Insurance / यनू निसाि सोम्पो जनरि इंश्योरें स

Answer : Option C

Explanation :

 Anuj Tyagi has been appointed as the new Managing Director and
Chief Executive Officer of HDFC ERGO General Insurance.

 Tyagi will succeed Ritesh Kumar effective July 1.

 Tyagi has been with the company since 2008, holding various functions
during his tenure. He was elevated as joint managing director in April
2023.

Recent Appointment in Banking & Insurance Sector :

• Girija Subramanian : chairman and managing director (CMD) of New India

Assurance
• Rajeev Krishnamuralilal Agarwal : Independent Director of Paytm
• Ajith Kumar KK : MD & CEO of Dhanalakshmi Bank
• Prem Prabhakar : MD and CEO of SBICAP Ventures Limited
• Satish Nair : President and Chief Executive Officer (CEO) of Asirvad Micro
Finance Limited
• Sameer Bansal : MD & CEO of PNB MetLife India Insurance
• Abhaya Hota : Independent Director of Cashfree Payments
• Sandeep Batra : Chairman of the Board of Directors of ICICI Prudential
• Pradeep Kumar Sinha : Part-time Chairman of ICICI Bank
• Rushabh Gandhi : MD & CEO of IndiaFirst Life Insurance
• Pradeep Natarajan : Whole Time Director on the Board of IDFC FIRST Bank
for three years
• R Lakshmi Kanth Rao : Executive director (ED) in RBI
• Sujai Raina : Visa appointed him as country manager for India
• Jaya Tripathi : Head of Key Relations Group in SBI General Insurance
• Atanu Chakraborty : re-appointment as part-time Chairman of HDFC Bank
• Carol Furtado : executive director of Ujjivan Small Finance Bank
• Re-appointment of Amitabh Chaudhry : MD & CEO of Axis Bank
• Keki Mistry : Chairman of HDFC Life Insurance.
• Ajith Kumar K.K : Managing Director & CEO of Dhanlaxmi Bank for three
years.
• Nalin negi : CEO of BharatPe
• Murali Ramakrishnan : Independent director of RBL Bank
• Subhasish Roy : Chief Risk Officer of Bank of Maharashtra
• Deepak Kumar Sharma : Additional Director of Suryoday Small Finance Bank
• Manoj Mittal : Chairman and Managing Director at Small Industries
Development Bank of India (SIDBI)
• Tarun Bajaj : Head of the US-India Tax Forum
• Sanjay Shukla : Managing Director (MD) of the National Housing Bank
(NHB)
• Ramit Goyal (replace Raghavendra Rao) : Chief Distribution Officer of Future
Generali India Insurance Company
• Vinod Francis : Chief Financial Officer of South Indian Bank
• Arnab Goswamy : Chief Financial Officer of Punjab & Sind Bank
• Atul Mehra : Managing Director (MD) and Chief Executive Officer (CEO) of
Axis Capital
• Arvind Kapil : Managing Director and Chief Executive Officer (MD & CEO)
of Poonawalla Fincorp
• M V Rao : Chairman of Indian Banks’ Association (IBA)
• Girija Subramanian: Chairperson and Managing Director (CMD) of New India
Assurance Company (NIAC)
• Pankaj Dwivedi : Executive Director at Union Bank of India
• Bhupesh Sushil Rahul: CMD of United India Insurance Company (UIIC) x
• Nidhu Saxena : Managing Director & Chief Executive Officer (MD & CEO)
of the Bank of Maharashtra.

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Ques : Which state government has recently approved the
establishment of One Prime Minister College of Excellence in all
districts of the state?
ह़ाल ही में ककस ऱा य सरक़ार ने ऱा य के स ी जल में एक प्रि़ानमं ी उत्कष्ट्टत़ा म
ह़ाववद्य़ालय क स् ़ापऩा को मंजूरी दी है ?

(a) Uttar Pradesh / उत्तर प्रदे श

(b) Gujarat / र्गज
ु रात
(c) Rajasthan / राजस्ट्थान
(d) Maharashtra / महाराष्ट्र
(e) Madhya Pradesh / मध्य प्रदे श

Answer : Option E

Explanation :

 In Madhya Pradesh, the Prime Minister College of Excellence will be

inaugurated ceremonially in all 55 districts of the state on July 1

 Under the National Education Policy, the Madhya Pradesh government

has approved the establishment of one Prime Minister College of
Excellence in all the districts of the state.

 Additional posts have been approved in the selected colleges to

establish the Prime Minister College of Excellence in 55 districts of the
state.

About Madhya Pradesh :

 Capital – Bhopal
 Chief Minister – Dr Mohan Yadav (replace Shivraj Singh Chauhan)
 Deputy CM – Jagdish Devda & Rajendra Shukla
 Speaker of Madhya Pradesh Assembly – Narendra Singh Tomar
 Governor – Mangubhai C. Patel

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Ques : The Ministry of Coal via Eastern Coalfields Limited (ECL)
has initiated India’s first pilot project for Underground Coal
Gasification (UCG) in which state?
कोयल़ा मं ़ालय ने ईस्टनड कोलफ ल् स लललमटे र् (ईसीएल) के म़ा यम से ककस ऱा य
में लू म त कोयल़ा स
ै ीकरण (यस
ू ीजी) के ललए ़ारत क पहली प़ायलट पररयोजऩा
शु क है ?

(a) Jharkhand / झारखंि

(b) West Bengal / पजश्चम बंर्गाि
(c) Assam / असम
(d) Karnataka / कनााटक
(e) Chhattisgarh / छत्तीसर्गढ़

Answer : Option A

Explanation :

 The Ministry of Coal via Eastern Coalfields Limited (ECL) has

initiated India’s first pilot project for Underground Coal Gasification
(UCG) at the Kasta coal block in Jamtara District, Jharkhand.

 This first ever groundbreaking initiative aims to revolutionize the coal

industry by using in-situ coal gasification to convert it into valuable gases
such as methane, hydrogen, carbon monoxide, and carbon dioxide.

 These gases can be utilized to produce synthetic natural gas, chemical

feedstocks for fuels, fertilizers, explosives, and other industrial
applications.

About Jharkhand :

 Capital – Ranchi
 Chief Minister – Champai Soren (replace Hemant Soren)
 Governor – P. Radhakrishnan

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Ques : New Postal Law, Post Office Act 2023 Comes into Effect
from _______ , 2024
नय़ा ऱ्ाक क़ानन
ू , ऱ्ाकघर अधिननयम 2023 _________ , 2024 से ल़ा ू हो ़ा

(a) 15 June
(b) 16 June
(c) 17 June
(d) 18 June
(e) 19 June

Answer : Option D

Explanation :

 New Law, The Post Office Act, 2023 Replaced 125-year old Indian
Post Office Act, 1898. Which Came into force 18th June, 2024.

 Union Minister of Electronics and Information Technology, Ashwini

Vaishnaw, introduced it as Post Office Bill, 2023 in the Rajya Sabha on
10th August, 2023.

About this law:

 No officer of the Post Office shall incur any liability with regard to a
service provided by the Post Office, unless the officer has acted
fraudulently or wilfully caused loss, delay or misdelivery of service.

 Every person who avails a service provided by the Post Office shall be
liable to pay the charges in respect of such service.

 The Central Government may make rules to give effect to arrangements

made with any foreign country or territory for services provided by the
Post Office between India and the said foreign country or territory.

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Ques : Who unveils Gemini mobile app In India ?
़ारत में जेलमनी मोब़ा ल ऐप क़ा अऩावरण ककसने ककय़ा?

(a) Google
(b) Facebook
(c) Flipkart
(d) Amazon
(e) Snapchat

Answer : Option A

Explanation :

 Google has announced the release of the mobile app of its AI chatbot,
Gemini, in India.

 Users in India can access the Gemini app in English and nine Indian
languages.

 Apart from English, Gemini app users in India will be able to talk in
regional languages such as Hindi, Bengali, Malayalam, Marathi, Gujarati,
Kannada, Tamil, Telugu and Urdu.

 The app was rebranded from Bard AI chatbot in February and is now
available as a standalone app after a 4-month wait.

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Ques : Who has won the F1 Spanish Grand Prix title 2024?
F1 स्पैननश ग्रैंर् वप्र स 2024 क़ा खित़ाब ककसने जीत़ा है ?

(a) Sebastian Vettel / सेबजस्ट्टयन िेट्टेिी

(b) Lewis Hamilton / िई
ु स है लमल्टन
(c) Max Verstappen / मैक्स िेरस्ट्टै पेन
(d) Charles Leclerc / चाल्सा िेक्िर
(e) Sergio Pérez / सजजायो पेरेज़

Answer : Option C

Explanation :

 Red Bull’s Max Verstappen prevailed in a tense, strategic battle with

McLaren’s Lando Norris to win the Spanish Grand Prix.

 Verstappen’s seventh victory in 10 races this year hinged on a decisive

opening phase of the race from the Dutchman.

 Verstappen was in the lead by lap three while Norris stayed stuck behind
Mercedes’ George Russell for 15 laps.

 Lewis Hamilton took his first podium finish of the year for Mercedes in
third, ahead of Russell, as Britons finished second, third and fourth.
Charles Leclerc was fifth, leading home Ferrari team-mate Carlos Sainz.

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Recent 2024 Grand Prix Winner :

 Canadian Grand Prix 2024 – Red Bull’s Max Verstappen

(Netherlands)
 Monaco Grand Prix – Ferrari’s Charles Leclerc (Monacco)
 Emilia Romagna Grand Prix – Red Bull’s Max Verstappen
(Netherlands)
 Miami Grand Prix – McLaren’s Lando Norris (British)
 Chinese Grand Prix – Red Bull’s Max Verstappen (Netherlands)
 Japanese Grand Prix – Red Bull’s Max Verstappen (Netherlands)
 Australian Grand Prix – Ferrari’s Carlos Saina (Spain)
 Saudi Arabian Grand Prix – Red Bull’s Max Verstappen (Netherlands)
 Bahrain Grand Prix 2- Red Bull’s Max Verstappen (Netherlands)

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Ques : Who has been appointed as the Pro-Tem speaker of the 18th
Lok Sabha?
18वीं लोकस ़ा के प्रो–टे म स्पीकर के प में ककसे ननयु त ककय़ा य़ा है ?

(a) Mallikarjun Kharge / मजल्िकाजन

ुा खडर्गे
(b) Mahua Moitra / महुआ मोइत्रा
(c) Adhir Ranjan Chowdhury / अधीर रं जन च़ौधरी
(d) Shashi Tharoor / शलश थरूर
(e) Bshartruhari Mahtab / बशरतुहरर महताब

Answer : Option E

Explanation :

 President Droupadi Murmu has appointed seven-time Lok Sabha

member of parliament Bhartruhari Mahtab of Bharatiya Janata Party
as the pro-tem speaker of the newly constituted 18th Lok Sabha.

 Along with him, Suresh Kodikunnil, Thalikkottai Rajuthevar Baalu,

Radha Mohan Singh, Faggan Singh Kulaste, and Sudip Bandyopadhyay
were appointed to assist the pro-tem Speaker in the oath-taking of the
newly elected members.

 The first session of the newly constituted 18th Lok Sabha starts on 24
June 2024.

 Normally, the senior-most newly elected member of the Lok Sabha is

appointed as pro-tem speaker. This is a convention, not a rule.

 Pro-tem is a Latin phrase which means “for the time being”.

 The pro-tem speaker is appointed to preside over the sittings of the

newly elected house. When the new Speaker is elected by the House, the
office of the Speaker Pro Tem ceases to exist.

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Ques : Sreeja Akula, who was in the news recently, belongs to
which field?
श्रीज़ा अकुल़ा, जो ह़ाल ही में चच़ाड में ीं, ककस े से संबंधित हैं?

(a) Tennis / टे ननस

(b) Shotput / र्गोिा फेंक
(c) Badminton / बैिलमंटन
(d) Wushu / िश
ु ु
(e) Archery / तीरं दाजी

Answer : Option A

Explanation :

 Sreeja Akula of Hyderabad became the first Indian table tennis player
to win a WTT (World Table Tennis) Contender Women’s single title.

 Sreeja Akula won both the women’s singles and doubles titles at the
WTT Contender Lagos 2024 event.

 The USD 80,000 prize money WTT Contender Lagos 2024 was held at
the Sir Molade Okoya Thomas Indoor Sports Hall in Lagos, Nigeria.

 Sreeja Akula, defeated the 16-year-old Yijie Ding of China 4-1 (10-
12,11-9,11-6,11-8,11-6) in the final of the WTT Contender Lagos 2024 to
win her first WTT Contender title.

Titles won in different category :

Women’s Singles

 Winner – Sreeja Akula (India)

 Runner Up – Yijie Ding (China)
Men’s Singles

 Winner – Dimitrij Ovtcharov (Germany)

 Runner up – Ricardo Walther (Germany)

Women Doubles

 Winner – Sreejas Akula and Archana Kamath (India)

 Runner up – Yashaswini Ghorpade and Diya Chitale (India)

Men’s Doubles

 Winner – Harmeet Desai and Manav Thakkar (India)

 Runner up – Olajide Omotayo and Azeez Solanke (Nigeria)

SPORTS NEWS :

• In the Archery World Cup Stage 3, Dhiraj Bommadevara won the bronze in
the men’s individual recurve event as well as in the mixed team event with
Bhajan Kaur, in Antalya, Turkey
• The 48th edition of the Copa America football tournament kick off in the
United States.
• India’s highest-rated chess player GM Arjun Erigaisi continued his top run as
he dominated the 10-player field to win the Stepan Avagyan Memorial 2024 in
Jermuk, Armenia , with a round to spare.
• Olympic medalist Indian boxer Lovlina Borgohain secured a silver medal in
the Grand Prix 2024 competition held in the Czech Republic.
• India opener Smriti Mandhana etched her name into the history book by
becoming the second-highest run-scorer for the nation.
• In the women’s category, Chamari Athapaththu of Sri Lanka has been named
the ICC Women’s Player of the Month for May 2024.
• Gudakesh Motie of the West Indies as the ICC Men’s Player of the Month for
May 2024.

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• India will host next year's men's Junior Hockey World Cup, the Executive
Board of the International Hockey Federation announced.
• In athletics, India’s Gulveer Singh has clinched the silver medal in the Men’s
5000-metre race at the Portland Track Festival HighPerformance Meet in
Portland, US.
• Saurabh Sharma, an athlete from Himachal Pradesh’s Hamirpur district, has
won two gold medals in the ongoing World Para Athlete Grand Prix in the
Nottwil city of Switzerland.
• Dutch-Belgian racing driver Max Verstappen of Red Bull has won the
Canadian Grand Prix 2024. Verstappen’s triumph at the Canadian Grand Prix
2024 marked his 60th Formula 1 win and his sixth victory in nine races this
season.
• The Indian men’s tennis player Sumit Nagpal won the men’s singles title at
the Heilbronn Neckarcup 2024 ATP Challenger Tennis tournament in Germany.
• Indian shooter Sarabjot Singh won the gold medal in the men’s 10m air pistol
event at the ISSF World Cup 2024 in Munich, Germany.
• DP Manu from India won the gold medal in Javelin throw at the Taiwan
Athletics Open 2024, achieving a distance of 81.58 meters.
• In the Taiwan Athletics Open 2024, the Indian contingent concluded the
campaign with a remarkable medal haul, bagging seven medals including three
golds, three silvers and one bronze medal.
• Muhammad Waseem, the UAE captain and opener, has been named the ICC
Men’s Player of the Month for his notable run-scoring feats.
• West Indies’s Captain Hayley Matthews has been named the ICC Women’s
Player of the Month for her exceptional all-round performances.
• In Arm Wrestling, the Indian contingent has clinched a total of seven medals
including one gold and six bronze at the Asian Championship, 2024 in
Tashkent, Uzbekistan.
• Cricket Australia on Wednesday named former Pakistan and Indian stars
Wasim Akram and Ravi Shastri among the 54 representatives of its
‘Multicultural Ambassadors Program’.
• Classic Football Academy retained the All-India Football Federation Under 17
Elite Youth League 2023-24 Title beating Sudeva Delhi FC 2-1 at the Nagoa
Panchayat Ground, Goa.
• Charles Leclerc becoming the first Monegasque driver to win the Monaco
Grand Prix since Louis Chiron in 1931.
• Kolkata Knight Riders (KKR) cricket team won their third Indian Premier
League (IPL) title by beating Sunriser Hyderabad (SRH) in the final of the 17th
IPL.

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• Dipa Karmakar of Agartala, Tripura scripted her name in the history books
after she clinched India's first-ever gold medal at the Asian Championships.
• Indian weightlifter Preetismita Bhoi smashed the youth clean and jerk world
record in the women’s 40kg category to win a gold medal at the IWF World
Youth Championships here.
• In Para Athletics, India’s Sachin Sarjerao Khilari clinched the gold medal in
the men’s shot put at the World Para Athletics Championship in Kobe, Japan.
• Another Indian, Dharambir bagged the Bronze Medal in the Men’s Club
Throw. His final throw distance of 33.31 metres not only secured him the
Bronze Medal but also set a new Asian Record in the F51 Category.
• Mariyappan Thangavelu clinched his maiden gold medal at the World Para
Athletics by leaping 1.88m in the men’s T63 high jump event.
• In Boxing, Two-time world champions Nikhat Zareen and Minakshi won two
gold medals for India in the 3rd Elorda Cup 2024. The Indian contingent
finished the Elorda Cup with 12 medals—2 gold, 2 silver, and 8 bronze. The 3rd
Elorda Cup was held in Kazakhstan’s capital city of Astana.
• India’s Ekta Bhyan has secured a gold medal with a season’s best throw of
20.12 metres in the women’s F51 club throw competition at the World Para
Athletic Championships at Kobe in Japan. While Kashish Lakra took the silver
with an effort of 14.56 metres, Nadjet Boucherf of Algeria won the bronze with
a score of 12.70 metres.
• Alexander Zverev and Iga Swiatek win Singles Title of Italian open
• Red Bull’s Max Verstappen clinched the Emilia Romagna Grand Prix as
McLaren’s Lando Norris finished second.
• Nishad Kumar and Preethi Pal have clinched silver and bronze at the World
Para Athletics Championships in Kobe, Japan.
• Brazil was declared the host of the 2027 Women’s World Cup at the FIFA
Congress
• Portugal’s Cristiano Ronaldo topped Forbes’ list of highest-paid athletes for
the fourth time in his career
• Nandini Dairy will sponsor Scotland country’s cricket team in the ICC T20
World Cup 2024
• 20-year-old, Animesh Kujur bagged 200m gold at the Federation Cup in
Bhubaneshwar, Odisha
• Manipur defeated Haryana 2-0 in the final of the 28th Senior Women’s
National Football Championship for Rajmata Jijabai Trophy, to clinch their
22nd title at the Kishore Bharati Krirangan, in Kolkata.
• 6th Asian Trampoline Gymnastics Championship held in Hong Kong, China.

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Ques : International Olympic Day is observed every year on ____.
अंतऱाडष्ट्रीय लंवपक ददवस हर स़ाल _____ को मऩाय़ा ज़ात़ा है ।

(a) 22 June
(b) 23 June
(c) 24 June
(d) 25 June
(e) 26 June

Answer : Option B

Explanation :

 International Olympic Day is observed every year on 23 June.

 It is a commemoration of the modern Olympic Games and an opportunity

to promote the values of sports across the globe.

 Theme 2024 – Let’s Move and Celebrate

 This day holds significant importance not just for athletes and sports
enthusiasts, but for everyone who appreciates the spirit of competition,
unity, and athleticism.

 The history of International Olympic Day dates back to 23 June 1894,

when the International Olympic Committee (IOC) was founded at the
Sorbonne in Paris. The day was established by IOC in 1948 to encourage
individuals from all walks of life to embrace the Olympic values of
excellence, friendship, and respect.

 The first International Olympic Day was celebrated in Paris at the

Sorbonne, where the modern Olympic Games were born. Since then, this
day has evolved into a global celebration that transcends political,
cultural, and social boundaries.

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Ques : United Nations Public Service Day is observed every year on
which day?
संयु त ऱाष्ट्र लोक सेव़ा ददवस हर वषड ककस ददन मऩाय़ा ज़ात़ा है ?

(a) 22 June
(b) 23 June
(c) 24 June
(d) 25 June
(e) 26 June

Answer : Option B

Explanation :

 United Nations Public Service Day is observed every year on 23 June.

 This special day highlights the importance of public service and

recognizes the hard work of public servants globally.

 The UN General Assembly officially designated June 23 as Public

Service Day on December 20, 2002. To further promote the day, the UN
established the Public Service Awards program in 2003.

Important days :

• 1 June : World Milk Day

• 3 June : World Clubfoot Day
• 3 June : World Bicycle Day
• 4 June : International Day of Innocent Children Victims of Aggression
• 5 June : World Environment Day (Theme 2024 – Land Restoration,
Desertification, and Drought Resilience)
• 6 June : UN Russian Language Day

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 • 7 June : World Food Safety Day
• 8 June : World Oceans Day (Theme 2024 – Awaken New Depths)
• 8 June : World Brain Tumour Day (Theme 2024 – Brain Health and
Prevention)
• 9 June : : World Accreditation Day (Theme 2024 – Accreditation:
Empowering Tomorrow and Shaping the Future.)
• 11 June : International Day of Play
• 12 June : World Day Against Child Labour Day (Theme 2024 – Let’s
Act on Our Commitments: End Child Labour)
• 12 June : International Albinism Awareness Day (Theme 2024 – 10
years of IAAD: A decade of collective progress)
• 14 June : World Blood Donor Day (Theme 2024 – 20 years of
celebrating giving: thank you blood donors)
• 15 June : Global Wind Day
• 16 June : The International Day of Family Remittances (IDFR) (Theme
2024 – Digital remittances towards financial inclusion and cost
reduction.)
• 17 June : World Day to Combat Desertification and Drought (Theme
2024 – United for Land. Our Legacy. Our Future)
• 18 June : World Sustainable Gastronomy Day
• 18 June : International Day for Countering Hate Speech
• 19 June : World Sickle Cell Day (Theme 2024 – Hope Through
Progress: Advancing Sickle Cell Care Globally.)
• 20 June – World Refugee Day
• 21 June : International Day of Yoga (Theme 2024 – Yoga for Self and
Society)
• 21 June : World Hydrography Day (Theme 2024 – Hydrographic
Information – Enhancing Safety, Efficiency and Sustainability in Marine
Activities)
• 21 June : World Music Day

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Static Banking Awareness Terms Recently in News :

 About Small Industries Development Bank of India (SIDBI) :

 Small Industries Development Bank of India (SIDBI) largely provides

refinancing to banks that lend to MSMEs, which helps reduce the cost of
finance for these units.

 Established under an Act of Parliament in 1990.

 Headquarters : Lucknow, Uttar Pradesh, India
 Chairman & MD : Sivasubramanian Ramann

 The SIDBI is the apex regulatory body for overall licensing and
regulation of micro, small and medium enterprise finance companies in
India.

 It is under the jurisdiction of the Ministry of Finance , Government of

India (GoI).

 Majority shareholders include the Government of India (20.85%), State

Bank of India (15.65%), Life Insurance Corporation of India (13.33%),
and National Bank for Agriculture and Rural Development (9.36%).

 Micro and small enterprise (MSE) Refinance allocation for FY24 was Rs
84,000 crore.

 MSME credit penetration in India is 14%, compared to 50% in the US

and 37% in China.

 There is a credit gap of Rs 25 trillion for the Indian MSME sector,

indicating a large untapped credit market.

 The ownership structure of the proposed bank might include a hybrid

public-private partnership model.

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  The outstanding credit to the MSMEs by scheduled commercial banks
expanded by 20.9% annually to Rs 26 trillion at the end of December
2023.

 The64 million-strong MSMEs are the backbone of the Indian economy.

 MSMEs are crucial to the Indian economy, accounting for over 110
million jobs (23% of the labor force).

 They contribute 27% of India’s GDP, 38.4% of total manufacturing

output, and 45% of total exports.

What is Credit Penetration?

 Credit penetration is a metric that assesses the proportion of a

population utilizing credit cards or other credit products.

 It serves as an indicator of financial inclusion and can be evaluated

alongside other metrics such as branch penetration and deposit
penetration.

What do you mean by MSME?

 MSME was introduced by the Government of India in agreement with the

MSMED (Micro, Small, and Medium Enterprises Development) Act
of 2006.

 As per this act, MSMEs are the enterprises involved in the processing,
production, and preservation of goods and commodities.

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 CLASSIFICATION Micro Small Medium
Investment in Plant Investment in Plant Investment in Plant
and Machinery or and Machinery or and Machinery or
Equipment: Equipment: Equipment:
Manufacturing
Enterprises and
Enterprises Not more than Not more than Not more than
rendering Services Rs.1 crore and Rs.10 crore and Rs.50 crore and
Annual Turnover Annual Turnover Annual Turnover
; not more than ; not more than ; not more than
Rs. 5 crore Rs. 50 crore Rs. 250 crore

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