General Knowledge(GK) (or) General Awareness

Correct Answer :   6.5%

---

The Reserve Bank of India (RBI) decided to maintain the repo rate at 6.5% during its August 2024 Monetary Policy Committee (MPC) meeting.

This decision marked the ninth consecutive instance of keeping the rate unchanged, reflecting the RBI's cautious stance amid economic uncertainties.

The 6.5% rate has been steady since February 2023, demonstrating the central bank's focus on maintaining economic stability.

The decision was made by a 4:2 majority within the committee, underscoring the challenges in navigating the current economic environment.

Correct Answer :   Vinesh Phogat

---

Vinesh Phogat, a highly regarded Indian wrestler, announced her retirement from wrestling after a disqualification incident at the Paris Olympics 2024.

She was disqualified from the 50 kg gold medal bout due to being overweight by 100 grams.

This came after a semi-final victory that had set her up for a highly anticipated final match.

Despite efforts by the medical team to help her manage her weight, she could not meet the required limit, leading to her disqualification and subsequent retirement announcement.

Correct Answer :   1942

---

The Quit India Movement was launched on August 8, 1942, during the All India Congress Committee session in Bombay (now Mumbai).

This event was pivotal in India's fight for independence from British rule.

The movement, led by Mahatma Gandhi, demanded the immediate withdrawal of British forces from India and was marked by Gandhi's famous "Do or Die" speech.

The date and year of this launch are significant, as they marked the beginning of a large-scale civil disobedience movement against British colonialism.

Correct Answer :   Nagaland

---

Nagaland and SBI General Insurance signed an MoU to implement the Disaster Risk Transfer Parametric Insurance Solution (DRTPS).

This makes Nagaland the first state in India to adopt such a solution, which aims to protect critical infrastructure and mitigate economic losses from disasters, including floods, droughts, mudslides, and damage to property and crops.

The agreement covers a three-year period from 2024 to 2027, highlighting the state’s proactive approach to disaster management.

Correct Answer :   Russia

---

The KAMAZ Typhoon-K vehicle, which the Indo-Tibetan Border Police (ITBP) is set to acquire, is manufactured by Russia.

Specifically, the Typhoon-K is developed by Remdiesel, a subsidiary of KamAZ, a leading Russian automotive manufacturer.

This 4×4 Mine-Resistant Ambush Protected (MRAP) vehicle is designed for troop and cargo transportation in high-risk mine areas and features advanced protection and mobility characteristics.

The acquisition of this vehicle is part of ITBP's efforts to upgrade its equipment for better operational capabilities.

Correct Answer :   India

---

India has signed a Memorandum of Understanding (MoU) with Saint Christopher & Nevis to boost cooperation in sports.

This agreement focuses on various aspects including athlete training, technical support for coaches, and exchange programs for sports leaders and youth.

The cooperation covers disciplines such as badminton and wrestling. The MoU highlights India's commitment to fostering international sports collaboration and sharing expertise to develop athletic capabilities in Saint Christopher & Nevis, a dual-island nation located in the Caribbean.

Correct Answer :   K V Subramanian

---

The book "India@100: Envisioning Tomorrow's Economic Powerhouse" was authored by Prof. K V Subramanian.

It outlines India's economic goals and aspirations as the country approaches its 100th year of independence in 2047.

The book was launched at a high-profile event in New Delhi by Union Minister of Commerce and Industry Piyush Goyal, highlighting its significance in shaping discussions on India's future economic development.

Correct Answer :   Reliance Industries Limited

---

Reliance Industries Limited (RIL) advanced two positions to secure the 86th spot in the 2024 Fortune Global 500 list.

This achievement marks the highest ranking ever attained by the conglomerate, reflecting its robust performance and strategic growth across various sectors.

For the 21st consecutive year, RIL remains the highest-ranked Indian corporation in the list, highlighting its significant impact on both the Indian and global economies.

The ranking is based on total revenues, with RIL reporting record-high consolidated revenues and a substantial rise in EBITDA for FY24.

Correct Answer :   Manu Bhaker

---

Manu Bhaker, a two-time Olympic bronze medallist, has been selected as India's flagbearer for the closing ceremony of the Paris Olympics.

Bhaker earned two bronze medals in Paris and set several records, marking a significant comeback after her gun malfunctioned during the Tokyo Olympics in 2021.

Her achievements in Paris have made her the first athlete from independent India to win two medals in a single edition of the Olympics.

Correct Answer :   8.1%

---

India's fiscal deficit for the first quarter of FY25 stood at 8.1% of the full-year estimate, a notable decrease from 25.3% during the same period the previous year.

This reduction is due to increased tax collections and higher surplus payments from the RBI.

The fiscal deficit amounted to Rs. 1.36 lakh crore by the end of June 2024, indicating effective fiscal management and robust revenue growth.