Answer : Option B

The Indian Air Force (IAF) is set to make history this August by hosting its first-ever multinational air exercise, Tarang Shakti-2024. The exercise is slated to be held in two phases, with the initial phase commencing in the first two weeks of August in southern India, followed by the second phase in the western sector from late August to mid-September.  (Australia, France, Germany, Japan, Spain, the United Arab Emirates, the United Kingdom, and the United States.)

Answer : Option A

Chinese scientists have made a significant breakthrough in solar research through the use of their solar exploration satellite, the Chinese H-alpha Solar Explorer (CHASE), which has led to the discovery of a new pattern of solar atmospheric rotation.

Answer : Option B

The Badminton World Federation (BWF) Australian Open 2024 in Sydney, Lee Zii Jia from Malaysia emerged victorious against Naraoka Kodai of Japan, securing his second title of the season.

Answer : Option B

Purvanchal Co-operative Bank failed to demonstrate sufficient capital adequacy and sustainable profitability, prompting the RBI’s decision to cancel its banking licence.  DICGC has already disbursed Rs 12.63 crore to insured depositors, reflecting a partial coverage of liabilities and efforts to mitigate financial losses.

Answer : Option D

The Reserve Bank of India (RBI) has imposed fines on Central Bank of India and Sonali Bank PLC for breaches related to customer protection and KYC norms. Central Bank of India faces a penalty of ₹1.45 crore for irregularities including improper sanctioning of loans and delays in reversing unauthorized transactions. Meanwhile, Sonali Bank PLC has been fined ₹96.4 lakh for non-compliance with KYC Directions, 2016.

Reserve Bank of India (RBI) :

Establishment: The RBI was established on April 1, 1935, under the Reserve Bank of India Act, 1934.

Governor: Shaktikanta Das is the Governor of the RBI.

Central bank of India

Tagline: Build a Better Life Around Us./ Central To You Since 1911.

Headquarters :Mumbai

Answer : Option C

The Indian Railways completed a successful trial of an electric engine from Sangaldan to Reasi, crossing the world’s highest steel arch rail bridge, the Chenab Bridge.

The Chenab Bridge in Jammu and Kashmir stands taller than the Eiffel Tower in Paris, Constructed over the Chenab River gorge in Reasi district, Jammu and Kashmir, the Chenab Bridge reaches a height of 359 meters (approximately 1,178 feet).

Answer : Option C

India participated in the Summit on Peace in Ukraine, represented by Shri Pavan Kapoor. The summit, hosted by Switzerland , aimed at finding peaceful resolutions to the conflict.

Answer : Option c

India’s latest ranking in the Environmental Performance Index (EPI) for 2024 places it at 176th out of 180 countries. The index, prepared by Yale and Columbia universities.

1st : Estonia

180th : Viet Nam

Answer : Option D

Hong Kong retains its position as the most expensive city, Mumbai is India’s most expensive city climbing to 136th globally and 21st in Asia.