Daily Current Affairs July 27

Dear Champions, as you all know that a lot of competitive exams have been notified consequently. Candidates have to prepare themselves according to the level of competition and expectation of the Recruitment board. Regarding that one of the most important topic is Daily Current Affairs July 27. Current Affairs in the form of contemporary events of national & international play a crucial role in almost every competitive exams like Banking, Insurance, SSC, UPSC, TNPSC, Railway etc.

Current affairs are the most dynamic yet scoring among all sections and need to be prepared from the right source. Here, we cafunsta team, providing  Daily GK Updates, Current Affairs Questions, and Monthly  current affairs pdf.

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July 27| Daily Current Affairs 2022

Important Days – Daily Current Affairs July 27

1. Kargil Vijay Diwas day is observed on?
A) July 22
B) July 26
C) July 23
D) July 25
E) July 27
Answer: B) July 26

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Sports – Daily Current Affairs July 27

2. Which of the following country will host 2025 Women’s ODI World Cup?
A) Bangladesh
B) Sri Lanka
C) Australia
D) India
E) UK
Answer: D) India

• India will host the Women’s 50-over World Cup in 2025 as the BCCI has successfully bid for the mega event during the ICC Annual Conference that concluded in Birmingham.
• The ICC flagship event will return to the country after more than a decade.
• The last time a women’s 50-over World Cup was held in India was back in 2013 when Australian emerged champions after beating the West Indies by 114 runs in the final in Mumbai.
• Three other ICC women’s events were also awarded on the day with Bangladesh hosting the 2024 T20 World Cup and England winning hosting rights for the 2026 edition.
• The inaugural T20 Champions Trophy in 2027 will be hosted by Sri Lanka.

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3. Total member countries in ICC?
A) 108
B) 115
C) 107
D) 105
E) 110
Answer: A) 108

• The ICC awarded membership status to three countries during the ongoing ICC Annual Conference in Birmingham.
• Cambodia and Uzbekistan from Asia, and Cote D’Ivoire from Africa, were all awarded Associate membership status, taking ICC’s total members to 108 countries, including 96 Associates.
• The two Asian teams take the total count of Asian countries to 25 while Cote D’Ivoire is the 21st country from Africa.
• A major criteria to gain ICC Membership is detailed in ‘Participation and domestic structures’ of Clause 2.1 (d) of the ICC Membership Criteria.
• This includes having in place a proper structure with minimum team requirements for 50-over and 20-over tournaments, aside from clear junior and women’s pathways.

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4. India asked Victoria 2026 Commonwealth Games to add how many games?
A) 1
B) 5
C) 2
D) 4
E) 3
Answer: C) 2

• The Indian Olympic Association (IOA) has asked the Commonwealth Games Federation (GCF) to include shooting and wrestling in the 2026 edition of the Games in the Australian state of Victoria.
• India had threatened to boycott the Birmingham Games in England, which begins after the shooting was dropped from the program and had to be talked out of that decision.
• Shooting supplied 16 of India’s 66 medals at the 2018 Gold Coast Games, where they also topped the medals tally in wrestling.

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Banking and Finance – Daily Current Affairs July 27

5. Frauds reported by PSBs decline to how many crore in FY22?
A) 3206 crore
B) 3205 crore
C) 3250 crore
D) 3240 crore
E) 3204 crore
Answer: E) 3204 crore

• The amount involved in fraud cases reported by public sector banks (PSBs) has come down to Rs 3,204 crore in the last fiscal from Rs 28,884 crore in 2017-18.
• As per the RBI data, PSBs reported 5,624 cases of fraud in 2017-18, involving Rs 28,884 crore.
• In 2018-19, a total of 9,092 cases were reported amounting to Rs 26,720 crore, while in 2019-20, the number of frauds rose to 11,074, involving a monetary value of Rs 21,170 crore.
• In 2020-21, PSBs reported 4,680 fraud cases of Rs 7,306 crore, which declined to 2,369 cases corresponding to Rs 3,204 crore in 2021-22.
• The minister said their net profit increased to Rs 66,519 crore in 2021-22 against Rs 31,820 crore in 2020-21.
• The gross NPAs (non-performing assets) of these banks fell to Rs 5,41,750 crore from Rs 6,16,616 crore in 2020-21.
• It stood at Rs 58,697 crore in 2020-21 and Rs 32,293 crore in 2019-20.

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6. Mastercard enabledhow many online merchants for card-on-file tokenisation?
A) 200000
B) 250000
C) 300000
D) 150000
E) 100000
Answer: A) 200000

• Global cards player Mastercard enabled around 200,000 online merchants across the country with card-on-file tokenisation.
• Tokenisation replaces an actual or clear card number with an alternative code called the ‘token’.
• A tokenised card transaction is considered safer as the actual card details are not shared with the merchant during transaction processing, which helps cut the chances of information leakage.
• More than 200 million tokens have been created across networks, including Mastercard, since December 2021.
• Mastercard said it worked with 45,000 merchants, 34 issuing banks, 10 acquiring banks, and 30-plus token requestors (including all major payment aggregators) to create 90 million tokens for its users since December 2021.
• It has also collaborated with payment aggregators, such as Juspay, PayU, Razorpay, BillDesk, and Paytm, to enable merchants to process token-based transactions.

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7. Which of the following Bank changed ATM withdrawal rules?
A) BOB
B) HDFC Bank
C) SBI
D) Axis Bank
E) Canara Bank
Answer: C) SBI

• The country’s largest public sector bank, the State Bank of India (SBI), has implemented a one-time password-based (OTP-based) cash withdrawal service.
• In a bid to protect the customers against ATM frauds, a withdrawal of or more than Rs 10,000 will now be possible only by entering the OTP in the ATM.
• If the OTP sent to the customer and the OTP entered by the one withdrawing money does not match, the ATM will not dispense any cash.
• Also, the OTP sent to the accountholder’s mobile number will only be valid for one transaction.
• The OTP-based withdrawal was launched by SBI originally on January 1, 2020.
• Several other banks are expected to follow suit.

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8. Tata Motors tied up with which of the following Bank for car loans?
A) BOB
B) HDFC Bank
C) SBI
D) Axis Bank
E) Indian Bank
Answer: E) Indian Bank

• Tata Motors has tied up with Indian Bank to facilitate easy financing for its passenger vehicles customers.
• As part of the partnership, Tata Motors’ customers would be able to avail car loans from over 5,700 branches of Indian Bank across the country.

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Business and Economy – Daily Current Affairs July 27

9. What is the GDP Forecasted by IMF?
A) 8.5%
B) 7.4%
C) 6.5%
D) 8.2%
E) 9.0%
Answer: B) 7.4%

• The IMF cut India’s growth rate by 0.8 percentage point to 7.4 per cent for fiscal year 2022, previous was 8.2 percent.

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Acquisitions and Mergers – Daily Current Affairs July 27

10. CCI approved acquisition of how many percent stake in Tata Power Renewable Energy by Greenforest?
A) 11.46%
B) 11.45%
C) 11.34%
D) 11.43%
E) 11.26%
Answer: D) 11.43%

• The Competition Commission of India (CCI) approves acquisition of stake in Tata Power Renewable Energy Limited by Greenforest New Energies Bidco Limited.
• The proposed combination relates to internal reorganization of TPREL and acquisition of up to 11.43% of the equity share capital of TPREL by Greenforest.
• Tata Power Renewable Energy Limited (TPREL) is a wholly owned subsidiary of Tata Power Company Limited (TPCL) through which TPCL undertakes its renewable energy business in India.
• TPREL’s primary business is generation of power through renewable sources of energy.

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11. CCI approved acquisition of Citibank and Citicorp Finance by which of the following bank?
A) Axis Bank
B) HDFC Bank
C) SBI
D) Federal Bank
E) Indian Bank
Answer: A) Axis Bank

• The Competition Commission of India (CCI) approves acquisition of Citibank, N.A.’s (Citi) and Citicorp Finance (India) Limited’s (Citicorp) undertakings comprising of their consumer banking activities by Axis Bank (Acquirer) under Section 31(1) of the Competition Act, 2002.
• Under the deal worth Rs 12,325 crore, announced on March 30, Axis Bank would take over Citi’s credit cards, personal loans and wealth management businesses that are focused on the affluent segment.
• In March, Axis Bank and Citi had signed a definitive agreement for the deal, which is expected to be completed by September 2024 and would help Axis Bank gain access to 30 lakh new customers.

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Appointments – Daily Current Affairs July 27

12. Who among the following stepped down as non-executive director from ICICI Prudential Life board?
A) Wilfred Adam
B) Wilfred Kenny
C) Wilfred Blackburn
D) Wilfred Berlin
E) Wilfred Alford
Answer: C) Wilfred Blackburn

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Environment and Energy- Daily Current Affairs July 27

13. Who among the following signed MoU with GreenkoZeroC to achieve renewable energy targets?
A) Tata Power
B) NTPC
C) Adani Group
D) NHPC
E) ONGC
Answer: E) ONGC

• Energy major Oil and Natural Gas Corporation Limited (ONGC) signed a Memorandum of Understanding (MoU) with M/s GreenkoZeroC Private Limited (Greenko), to jointly pursue opportunities in Renewables, Green Hydrogen, Green Ammonia and other derivatives of green hydrogen.
• The MoU, valid for two years, was inked in New Delhi by ONGC Director Onshore Shri Anurag Sharma and Greenko CEO & Managing Director Shri Anil Kumar Chalamalasetty.
  This MoU is in line with the National Hydrogen Mission launched by Hon’ble Prime Minister in making India a global green hydrogen hub.
• The activities envisaged under this MoU will contribute towards India’s target of producing of 5 million tonnes of green hydrogen per annum by 2030.
• This MoU will also act as a stepping stone for ONGC to achieve renewable energy targets as per its Energy Strategy 2040.

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Defence – Daily Current Affairs July 27

14. Who among the following supports Army in conducting trials for defence purposes?
A) L&T
B) Garuda Aerospace
C) Bharat Dynamics
D) DRDO
E) Hindustan Aeronautics
Answer: B) Garuda Aerospace

• Drone start-up Garuda Aerospace Pvt Ltd has commenced conducting trials for the Army with drones for defence purposes.
• The main objective is to demonstrate drones and anti-drone technology to diversify applications to support security mandates and serve the nation.
• The drones would be used for on-field testing and training.

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15. Defence Ministry approved proposals worth how many crore for armed forces?
A) 28273 crore
B) 28327 crore
C) 28723 crore
D) 28732 crore
E) 28372 crore
Answer: D) 28732 crore

• The Defence Ministry approved procurement proposals worth over Rs 28,732 crore for the armed forces including swarm drones, bulletproof jackets, and carbines.
• Acceptance of Necessity (AoN) for capital acquisition proposals of the armed forces amounting to Rs 28,732 crore were accorded by the Defence Acquisition Council (DAC) in the meeting under Buy (Indian IDDM) and Buy (Indian) categories giving a further boost to “Atmanirbhar Bharat” in defence.

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International Affairs – Daily Current Affairs July 27

16. Russia to withdraw from International Space Station after which year?
A) 2024
B) 2023
C) 2025
D) 2026
E) 2027
Answer: A) 2024

• Russian state-run space agency Roscosmos has said that it will withdraw from the International Space Station (ISS) after 2024 to focus on building its own orbital outpost.

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National Affairs – Daily Current Affairs July 27

17. How many crore RLB grant released to Andhra Pradesh?
A) 8412 crore
B) 8142 crore
C) 8124 crore
D) 8241 crore
E) 8214 crore
Answer: C) 8124 crore

• The Ministry of Finance releases the Finance Commission recommended grants directly to the State governments and not to the Ministry of Rural Development and Panchayat Raj, said Finance Minister Nirmala Sitharaman.
• The 14th Finance Commission had inter-alia recommended Rural Local Bodies (RLBs) grants for Gram Panchayats in all the States.
• For Andhra Pradesh, FC-XIV had recommended a total RLB grant of Rs 8,653.69 crore for the award period 2015-16 to 2019-20.
• Of this, Rs 8,124.40 crore was released to the State government.
• Based on the recommendations received from the nodal ministry and compliance of the stipulated conditions within the award period, basic grants for all the five years from 2015-16 to 2019-20 were released to AP.
• Performance grants (PG) for 2016-17 and 2017-18 were also released to the State government for eligible gram panchayats.
• However, performance grants for 2018-19 and 2019-20 could not be released to the State due to non-fulfilment of the stipulated conditions within the respective award years.
• No performance grant was recommended by FC-XIV for any State for 2015-16.
  The award period of the FC-XIV ended on March 31, 2020.
• No balance grant is payable to Andhra Pradesh now.
• From April 1, 2020, funds recommended by the 15th Finance Commission for the local bodies are being released to all States, including AP.

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18. Vishwanath Karhikey climbed Mt Kang Yatse, Mt DzoJongo,he belongs to which of the following state?
A) Madhya Pradesh
B) Odisha
C) Andhra Pradesh
D) Karnataka
E) Telangana
Answer: E) Telangana

• Setting new record globally, a thirteen-year-old Hyderabad boy has managed to climb Kang Yatse and DzoJongo mountain ranges located in the Markha Valley, in the Ladakh Region.
• Vishwanath Karthikey, a student studying in Class IX, of a school in Hyderabad managed to achieve this feat.

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19. Centre approved Rs 650 crore cancer hospital in which of the following state?
A) Madhya Pradesh
B) Odisha
C) Andhra Pradesh
D) Karnataka
E) Telangana
Answer: B) Odisha

• The Centre in collaboration with Tata Trust will establish a state-of-the-art cancer hospital along with a skill development centre for oncology treatment at the National Institute of Science Education and Research (NISER) campus in Jatni,Bhuvaneshwar,Odisha.

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20. Over how many percent of Indian startups belong to non-metros?
A) 60%
B) 75%
C) 30%
D) 50%
E) 25%
Answer: D) 50%

• Over 50 per cent of the recognized Indian startups belong to non-metropolitan cities, Union Minister of State for Commerce and Industry Som Prakash informed the Parliament.
• “As on 30th June 2022, a total of 72,993 startups are recognized by DPIIT, of which 34,473 (48%) recognized startups belong to metropolitan cities of Delhi, Mumbai, Kolkata, Chennai, Hyderabad, Bengaluru, Pune, and Ahmedabad.

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