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 Current Affairs Q&A PDF – 15 June 2024
NATIONAL AFFAIRS

1. Which Organisation has recently (June 2024) launched the “AIM-ICDK Water Challenge 4.0”
and the 5th edition of “Innovations for You” aims to foster innovation and sustainability in
India.
1) National Council of Applied Economic Research
2) Economic Advisory Council to the Prime Minister
3) 16th Finance Commission
4) NITI Aayog
5) Central Water Commission
Answer- 4) NITI Aayog
Explanation:
On 10th June 2024, National Institution for Transforming India (NITI Aayog) launched the “AIM-ICDK
Water Challenge 4.0” and the 5th edition of “Innovations for You” under its flagship program, Atal
Innovation Mission (AIM).
• It is the 4th edition of the open innovation water challenge. AIM developed this initiative in
partnership with the Innovation Centre Denmark (ICDK) at the Royal Danish Embassy in India.
• It aims to address the critical water-related challenges through innovative solutions. The
Water Challenge encompasses the 5 S’s in the Green Strategic Partnership between India and
Denmark – Skills, Scale, Scope, Sustainability, and Speed.
About 5th edition of Innovations for You:
It is a coffee table book series which highlights the endeavours of Sustainable Development Goal
(SDG) Entrepreneurs in India. It features 60 entrepreneurs from various parts of India, each
contributing towards the betterment of society through sustainable solutions.
• These startups focus primarily on areas like: recyclable and renewable materials, green energy,
inclusive education, and advocacy for underrepresented communities and local artisans.
Option Revision:
1.Covered in May 1&2 2024: National Council of Applied Economic Research
The New Delhi, Delhi-based National Council of Applied Economic Research (NCAER) in its Monthly
Economic Review (MER) April 2024 projected the Indian economy to grow faster than 7% in the
financial year 2024-2025 (FY25).
3.Covered in April 10 2024: 16th Finance Commission
The Government of India (GoI) has appointed economist Manoj Panda, former Director of the Institute
of Economic Growth (IEG), as a full-time member of the 16th Finance Commission (FC) of India. He
will hold the office with effect from the date he assumes office up to the date of submission of Report
or 31st October 2025.
5.Covered in March 13 2024: Central Water Commission
Central Water Commission (CWC) under the Department of Water Resources, River Development &
Ganga Rejuvenation (DoWR, RD & GR), Ministry of Jal Shakti (MoJS) signed a Memorandum of
Agreement (MoA) with the Indian Institute of Science (IISc) Bangalore(Bengaluru), Karnataka to
establish an International Centre of Excellence for Dams (ICED).

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Dear Aspirants,
We have introduced a new explanation section called “Option Revision”
Exclusively on our Daily CA App Quiz. It will help aspirants to revise last 4
months CA via options. The news theme, relevant topic, and importance are
taken into consideration when choosing an option.
Question No. 1 gives you preview about option revision., Aspirants can get
option revision for rest of questions on our Daily CA App Quiz(Explanation
part)

We would like to notify you that all kind of Question & Answer (Q&A) PDF
for paid subscribers will be discontinued from December 31 2024.
Subscribers can attend the Quiz as Usual!!!

BANKING & FINANCE

2. When did the Insurance Regulatory and Development Authority of India (IRDAI) mandate
insurance companies to offer a policy loan facility across all life insurance savings products
according to its Master Circular on Life Insurance Products?
1) January 1 2025
2) September 30 2024
3) March 31 2026
4) December 31 2024
5) July 1 2024
Answer- 2) September 30 2024
Explanation:
The Insurance Regulatory and Development Authority of India (IRDAI) in its Master Circular on Life
Insurance Products, has mandated insurance companies to offer a policy loan facility across all life
insurance savings products, effective from 30 September 2024, to help policyholders meet liquidity
needs.
• This Master Circular issued under the provisions of Section 34 of the Insurance Act, 1938,
Section 14 of the IRDA Act, 1999, along with Regulation 7 of the IRDAI (Insurance Products)
Regulations, 2024, serves as a comprehensive guideline for all life insurers in India.
• All non-linked savings products offering surrender value are eligible for policy loans based on
the surrender value.
• IRDAI also introduced major reforms in the motor, health, and home insurance segments to
simplify the insurance landscape. The new set of reforms has introduced a Customer
Information Sheet (CIS) to provide comprehensive policy details such as:Scope of Coverage;
Exclusions; Warranties; and Claim settlement processes.

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3. Which Bank has recently in June 2024, launched a scheme to provide financial loans to
Doctors and various deposit accounts for Non-Resident Indians(NRI)?
1) Bank of Maharashtra
2) Canara Bank
3) Kotak Mahindra Bank
4) IndusInd Bank
5) Yes Bank
Answer- 1) Bank of Maharashtra
Explanation:
Bank of Maharashtra (BoM) introduced MAHA-DOC scheme which is designed specifically to provide
financial solutions for Doctors.
• Under the scheme, medical professionals can avail loans up to Rs 25 crores. The scheme has
provision to provide loans up to Rs 5 crore covered under Credit Guarantee Fund Trust for
Micro and Small Enterprises (CGTMSE).
• Bank of Maharashtra (BoM) also provides Non-Resident Indian (NRI) Banking solutions in the
form of various deposit accounts, namely Non-Resident External (NRE) , Non-Resident
Ordinary (NRO), Foreign Currency Non-Resident (FCNR) and Resident Foreign Currency (RFC),
each designed specifically to make NRI banking easier and reliable.

ECONOMY & BUSINESS

4. The Confederation of Indian Industry (CII) has recently (June 2024) estimated India's Gross
Domestic Product(GDP) to grow by ____________ in 2024.
1) 8%
2) 7%
3) 8.3%
4) 6.8%
5) 8.1%
Answer- 1) 8%
Explanation:
On 13th June 2024, The Confederation of Indian Industry (CII) estimated India's Gross Domestic
Product (GDP) growth at 8% in 2024. It has underscored that policy interventions, specifically which
aimed to improve the Ease of Doing of Business (EODB), have significantly contributed to strengthen
the Indian Economy.
• It also expected that inflation is more likely to be within the Reserve Bank of India (RBI)’s
target range of 4 to 4.5% in 2024.

5.Which organisation (in June 2024) projected that India's GDP growth is expected to maintain
a potential growth rate of 6.5-7% year-on-year for FY 2026 to FY 2030?
1) UBS Securities India Pvt Ltd
2) World Bank
3) Organization for Economic Co-operation and Development
4) S&P Global Market Intelligence
5) SBI Research

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Answer- 1) UBS Securities India Pvt Ltd
Explanation:
According to UBS Securities India Pvt Ltd, a stockbroker and merchant banking company, India’s
Gross Domestic Product (GDP) is expected to sustain a potential growth rate of 6.5% – 7% year-on-
year (Y-o-Y) between FY 2025-26 (FY26) and FY 2029-30 (FY30).
• In FY25, India is projected to grow at 7%, as post-pandemic recovery in the capital
expenditure (capex) cycle, driven by government spending, and strong residential real estate
demand.

AWARDS & RECOGNITIONS

6. Four Indian companies were featured among the top 100 in Kantar BrandZ’s “2024 World’s
Most Valuable Global Brands”. Which company retained the 1st position globally for the 3rd
consecutive time?
1) TCS
2) Microsoft
3) Apple
4) Google
5) Amazon
Answer- 3) Apple
Explanation:
According to the Kantar BrandZ, “2024
World’s Most Valuable Global Brands”
report, 4 Indian companies namely, Tata
Consultancy Service (TCS), HDFC Bank, Airtel
and Infosys were featured among the top 100 most valuable global brands.
• Apple retained its 1st position for the 3rd consecutive time and has also become the 1st
global brand to surpass USD 1 trillion in value with total valuation of USD 1016 billion,
followed by Google with valuation of USD 753.5 billion and Microsoft with valuation of USD
712.9 billion with global ranking of 2nd and 3rd position respectively.
Four Indian Brands Featured in the List

Global Rank Brand Name Value (in USD)

46th TCS 44.8 billion
47th HDFC Bank 43.3 billion
73rd Airtel 25.3 billion
74th Infosys 24.7 billion

7. Which organization was recently (in June 2024) honoured with the ‘Best Conduct of Business
Regulator‘ Award in the Asia Pacific region during the Asian Banker Summit 2024 in Hong
Kong?
1) Insurance Regulatory and Development Authority of India
2) Reserve Bank of India
3) Pension Fund Regulatory and Development Authority

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4) Securities and Exchange Board of India
5) National Bank for Agriculture and Rural Development
Answer- 4) Securities and Exchange Board of India
Explanation:
The Securities and Exchange Board of India (SEBI) has been honoured with the ‘Best Conduct of
Business Regulator‘ Award in the Asia Pacific by the Asian Banker for its focus on transparency,
fairness, and investor protection in the securities markets in India.
• Kamlesh Chandra Varshney, Whole Time Member of SEBI received the award at the ceremony
held during the Asian Banker Summit 2024 held on 23 May 2024 in Hong Kong. The theme of
the summit was “Bridging innovation and resilience in finance”.

APPOINTMENTS & RESIGNATIONS

8. Who has recently (in June 2024) taken oath as the Chief Minister (CM) of Arunachal Pradesh
?
1) Eknath Shinde
2) Pema Khandu
3) Kamal Kishore
4) Chowna Mein
5) Pramod Sawant
Answer- 2) Pema Khandu
Explanation:
On 13th June 2024, Pema Khandu of Bharatiya
Janata Party (BJP) was sworn in as the Chief Minister
(CM) of Arunachal Pradesh (AR) for the 3rd
consecutive term at a ceremony held at Dorjee
Khandu Convention Hall in Itanagar, AR. He has been
serving as the CM of AR since 2016
• Chowna Mein took oath as the deputy CM
of AR. He has been serving as Dy CM since
2016.
• The Oath was administered by Lt Gen (Retd) Kaiwalya Trivikram Parnaik, Governor of AR.

9. Recently (June 2024) Appointments Committee of the Cabinet (ACC) has appointed
____________as the National Security Advisor of India and ____________________ has been appointed as
Principal Secretary to Prime Minister Narendra Modi.
1) Ajit Doval; PK Mishra
2) Sheyphali B. Sharan; Manish Desai
3) Nalin Prabhat; Daljit Singh Chaudhary.
4) Ranjeet Kumar Agarwal; Charanjot Singh Nanda
5) Suman Bery ; Ravneet Kaur
Answer- 1) Ajit Doval; PK Mishra

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Explanation:
The Appointments Committee of the Cabinet (ACC) has approved the reappointment of Ajit Kumar
Doval as the National Security Advisor (NSA) and Pramod Kumar (PK) Mishra as the Principal
Secretary to Narendra Modi, the Prime Minister (PM) of India with effect from June 10 2024.
• Ajit Doval has been serving as the NSA since 30 May 2014 and has been appointed three
consecutive times for the post.
• PK Mishra has been serving as the Principal Secretary to the PM since September 2019.
• The ACC has also approved the appointment of Amit Khare and Tarun Kapoor, retired IAS
officers as Advisors to the PM. They have been appointed in the rank and scale of Secretary to
Government for a period of two years with effect from 10th June 2024 or until further orders.

SCIENCE & TECHNOLOGY

10. The Indian Army (in June 2024) has received India’ 1st Indigenous man-portable suicide
drones _____________, which is designed and developed by Economics Explosives Ltd.
1) Nagastra-1
2) Haeil-5-23
3)Drishti 10 Starliner
4) FWD-200B
5) Ghatak
Answer- 1) Nagastra-1
Explanation:
The Indian Army has received the first batch of
Indigenous man-portable suicide drones also known
as the 1st Indigenous Loitering Munition (LM),
Nagastra–1, with the capability of precise strikes on
enemy training camps and launch pads, minimising
risks to soldiers.
• Nagastra–1 is designed and developed by
Economics Explosives Ltd (EEL), a subsidiary
of Solar Industries Nagpur (Maharashtra), in
association with Z-Motion, Bengaluru, Karnataka, with over 75% indigenous content.
• Nagastra-1 is a fixed-wing Unmanned Aerial Vehicle (UAV), weighing 9 kilograms (kg), with an
endurance of 60 minutes, a man-in-loop range of 15 kilometers (km), and an autonomous
mode range of 30 km.

11. Name the Intercontinental Ballistic Missile (ICBM) that was recently (in June 2024) tested
by the United States Air Force Global Strike Command (AFGSC) and US Space Force
guardians from the Vandenberg Space Force Base in California, the United States of
America(USA).
1) LGM-118 Peacekeeper
2) VSHORADS
3) DragonFire
4) Igla-S
5) Minuteman III

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Answer-5) Minuteman III
Explanation:
A joint team of the United States (US) Air Force Global
Strike Command (AFGSC) Airmen supported by the US
Space Force Guardians launched an unarmed
Minuteman III Intercontinental Ballistic Missiles
(ICBMs) equipped with one re-entry vehicle from
Vandenberg Space Force Base, California, the United
States of America(USA).
• The 2 Minuteman III ICBMS in these tests were
launched into suborbital space with a rocket
engine before releasing their re-entry vehicles
back through Earth’s atmosphere.
• The ICBM’s re-entry vehicle travelled
approximately 4,200 miles at speeds exceeding
15,000 miles per hour.

12. Which company has (recently in June 2024) secured the DRDO’s contract to develop
Underwater Launched Unmanned Aerial Vehicles (ULUAVs)?
1) Mahindra Aerostructures Private Limited
2) Adani Defence and Aerospace
3) Sagar Defence Engineering Pvt. Ltd.
4) Hindustan Aeronautics Limited
5) Bharat Heavy Electricals Limited
Answer-3) Sagar Defence Engineering Pvt. Ltd.
Explanation:
Pune (Maharashtra) based Sagar Defence Engineering Private Limited has secured a contract from
the Defence Research and Development Organisation’s (DRDO) Technology Development Fund (TDF)
to develop Underwater Launched Unmanned Aerial Vehicles (ULUAVs).
• It aims to improve the strategic prowess of Indian defence forces and expand India’s
underwater capabilities, representing a significant advancement in Indian defence technology.
• It allows submarines to expand their command and control capabilities, the ULUAVs provides
high tactical advantage, achieved through Radio Frequency (RF) data-link transmissions that
can reach the submarine positioned under the ocean’s surface.

13. Recently in June 2024, The International Astronomical Union (IAU) has named three newly
discovered craters on Mars by Physical Research Laboratory, a unit of the Department of
Space. The biggest crater of the three is named after which cosmic ray physicist?
1) Professor Jayant Murthy
2) Professor Devendra Lal
3) Prof. Garikapati Narahari Sastry
4) Peter Higgs
5) V. S. Trimurtulu
Answer-2) Professor Devendra Lal

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Explanation:
The Working Group Planetary System Nomenclature (WGPSN) of the International Astronomical
Union (IAU) has named three newly discovered craters on Mars by Ahmedabad-based Physical
Research Laboratory (PRL), a unit of the Department of Space (DoS) in 2021.
The Three craters are named as
(i) Lal crater: It has been named in honour of Professor Devendra Lal, It is the largest of these
craters.
(ii) Mursan crater: It has been named after Mursan town in Hathras district, Uttar Pradesh
(iii) Hilsa crater: It has been named after Hilsa town in Nalanda district of Bihar.

IMPORTANT DAYS

14. World Blood Donor Day 2024 is annually celebrated across the globe on _______ to honour
those who donate their blood, voluntarily and unpaid.
1) June 14
2) April 17
3) May 8
4) March 14
5) June 15
Answer-1) June 14
Explanation:
World Blood Donor Day (WBDD) is annually observed across the globe on 14 June to raise
awareness of the need for safe blood and blood products and express gratitude to voluntary, unpaid
blood donors.
• The annual observance of WBDD is led by the World Health Organisation (WHO).
• 14 June 2024 commemorates the 20th anniversary of WBDD. The 1st WBDD was observed on
14 June 2004.

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 • The 2024 theme/slogan of WBDD is, “20 years of celebrating giving: thank you, blood
donors!”
• The host country of the WBDD 2024 is Perú. The events are organised together with the
Ministry of Health of Peru.

STATE NEWS

15. Which State government has recently (June 2024) launched ‘Mukhya Mantri Nijut Moina’
Scheme to Promote Girl Education and to end child marriage?
1) Uttar Pradesh
2) Assam
3) Sikkim
4) Himachal Pradesh
5) Nagaland
Answer-2) Assam
Explanation:
On 12th June 2024, The Chief Minister (CM) of Assam, Himanta Biswa Sarma has announced the
new scheme Mukhya Mantri Nijut Moina (MMNM) to promote girl education and to end child
marriage in Assam.
• The scheme is expected to cover around 1 million girl students and cost the exchequer Rs.300
crore in the first year and around Rs.1,500 crore over a five-year period.
• The girl students enrolled in class of 11th and 12th, three year or four year degree graduation
and Post Graduation or B.Ed degree will get Rs 1000, Rs 1200, and Rs 2500 per month
respectively from the government.

STATIC GK

16. Where is the headquarters of the International Astronomical Union (IAU) located?
1) Paris, France
2) Geneva, Switzerland
3) Vienna, Austria
4) Brussels, Belgium
5) Rome, Italy
Answer- 3) Vienna, Austria
Explanation:
About International Astronomical Union (IAU):
Established - 1919
HeadQuarters - Vienna, Austria
President - Debra Meloy Elmegreen

17. What is the tagline of the Bank of Maharashtra?

1) Together We Can
2) One Family One Bank
3) Banking for All
4) Your Perfect Banking Partner

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5) Trusted Family Bank
Answer- 2) One Family One Bank
Explanation:
The tagline of the Bank of Maharashtra is "One Family One Bank."

18. Which of the following is a Geographical Indication (GI) tagged product from Arunachal
Pradesh?
1) Apatani
2) Monpa
3) Nyishi
4) Galo
5) All the Above
Answer- 5) All the Above
Explanation:
Chennai, Tamil Nadu (TN)- based Geographical Indication(GI) Registry has awarded the GI tag to
Apatani, Monpa, Nyishi and Galo Textile products from Arunachal Pradesh.

19. Which of the following is not a National Park in Assam?

1) Kaziranga National Park
2) Manas National Park
3) Nameri National Park
4) Dibru-Saikhowa National Park
5) Sundarbans National Park
Answer- 5) Sundarbans National Park
Explanation:
Sundarbans National Park is located in the Indian state of West Bengal,

20. Where is the headquarters of the Confederation of Indian Industry (CII) located?
1) New Delhi
2) Mumbai
3) Kolkata
4) Chennai
5) Bengaluru
Answer- 1) New Delhi
Explanation:
About Confederation of Indian Industry (CII):
The Confederation of Indian Industry (CII) is headquartered in New Delhi, India. It is a non-
government, industry-led organisation that works to create and sustain an environment conducive to
the development of India, partnering industry and government alike through advisory and
consultative processes.

21. Which company recently (in June 2024) appointed Shah Rukh Khan (SRK) as its brand
ambassador?
1) Amazon
2) Flipkart

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3) Myntra
4) Snapdeal
5) Paytm
Answer- 3) Myntra
Explanation:
Myntra, an Indian e-commerce site, has appointed Bollywood star Shah Rukh Khan as its new brand
ambassador. Khan will lead the 'Trend IRL' (Trend in Real Life) campaign

22. Which Indian Bank has recently (June 2024) completed the issuance of USD 100 million
(about Rs 830 crore) in bonds to support its business expansion?
1) Canara Bank
2) IndusInd Bank
3) RBL Bank
4) IDFC First Bank
5) State Bank of India
Answer- 5) State Bank of India
Explanation:
State Bank of India (SBI) has announced the successful issuance of USD 100 million (about Rs 830
crore) in bonds to support its business expansion. The funds were raised via senior unsecured floating
rate notes with a maturity period of three years.

23. Kotak Mahindra Life Insurance Company Ltd has recently (June 2024), launched ___________
to provide protection for two generations through a single plan.
1) Two + Two
2) 2 Gen
3) Gen2Gen
4) 1 Plus 2
5) None of the Above
Answer- 3) Gen2Gen
Explanation:
Kotak Mahindra Life Insurance Company Ltd (Kotak Life) has launched an unprecedented protection
plan, Kotak Gen2Gen Protect, which secures two generations under one policy.
• Offering a 100% guaranteed return on premium benefit for survival, this product allows risk
coverage transfer to the child once the parent reaches sixty or sixty-five years old, ensuring
continued protection until the child turns sixty.
• Comprehensive coverage includes in-built wellness benefits and riders like Accidental Death
Benefit, Permanent Disability Benefit, and Critical Illness Plus. Additionally, women
policyholders receive a 5% extra death benefit.

24. Recently in June 2024, NASA and ___________ researchers are collaborating to study multi-
drug resistant pathogens on the international space station?
1) NITI Aayog
2) AIIMS Delhi
3) Serum Institute of India
4) ISRO

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5) IIT Madras
Answer- 5) IIT Madras
Explanation:
Indian Institute of Technology Madras and The National Aeronautics and Space Administration
(NASA)’s Jet Propulsion Laboratory (JPL) researchers are studying multi-drug resistant pathogens on
the International Space Station (ISS), which could have key applications on earth as well for the health
of astronauts.

25. Which of the following ministries is not involved in India's Cabinet Committee on Security
(CCS)?
1) Ministry of Defence
2) Ministry of Home Affairs
3) Ministry of External Affairs
4) Ministry of Finance
5) Ministry of Agriculture and Farmers' Welfare
Answer- 5) Ministry of Agriculture and Farmers' Welfare
Explanation:
The Cabinet Committee on Security (CCS) in India involves key ministries such as the Ministry of
Defence, Ministry of Home Affairs, Ministry of External Affairs, and Ministry of Finance. The Ministry
of Agriculture and Farmers' Welfare is not a part of the CCS, which primarily focuses on national
security and strategic matters.

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