Daily Current Affairs July 04

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 04. 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.


July 04| Daily Current Affairs 2022

Banking and Finance – Daily Current Affairs July 04

1. Credit card outstanding balloons how many percent?
A) 30%
B) 40%
C) 50%
D) 60%
E) 70%
Answer: A) 30%

  • Credit card outstanding has registered a 30.1 per cent rise to Rs 154,137 crore as of May 2022, making it the fastest growing segment in the personal loan category, as against a growth of 14.3 per cent at Rs 118,512 crore a year ago.
  • According to Reserve Bank of India data, monthly spending on credit cards is now above Rs 1 lakh crore.
  • Card spending in May touched Rs 1.13 lakh crore as against Rs 1.05 lakh crore in April and Rs 1.07 lakh crore in March.
  • The latest monthly spending is almost double when compared to the last year when, in April 2021, monthly spending was Rs 59,000 crore.
  • In April 2020, credit card spending had plummeted to just Rs 20,765 crore as Covid pandemic hit the country and consumer spending declined steeply.

2. Which of the following bank to review payments bank joint venture with Jio?
A) DCB Bank
B) Indusind Bank
C) HDFC Bank
D) Axis Bank
Answer: E) SBI

  • State Bank of India will review its partnership with MukeshAmbani-backed Jio for launching payments bank operations.
  • The joint venture was announced in 2018, but four years later, the venture is yet to be launched.

State Bank of India:

Founded : 01/07/1955
HQ : Mumbai
Chairman : Dinesh Kumar Khara
Tagline : Pure Banking,Nothing Else

3. Which of the following Bank revised MCLR on loans to 9.50% for one year?
A) DCB Bank
B) Indusind Bank
C) HDFC Bank
D) Axis Bank
Answer: A) DCB Bank

  • DCB has revised its marginal cost of funds based lending rate (MCLR), effective from July 5, 2022.
  • According to the DCB Bank website, the overnight and one-month MCLR rates have been revised to 8.55 percent, three-month MCLR to 9.25 percent, six-month MCLR to 9.45 percent, and the one-year MCLR to 9.50%.

DCB Bank:

Founded : 1930
HQ : Mumbai
MD & CEO : Murali M Natrajan
Tagline : We Value You

4. Which Small Finance Bank’s loans grow 42 % YoY in Q1 on positive sentiment?
A) UjjivanSmall Finance Bank
B) Capital Small Finance Bank
C) Jana Small Finance Bank
D) Equitas Small Finance Bank
E) AU Small Finance Bank
Answer: E) AU Small Finance Bank

  • Country’s largest small finance lender, AU Small Finance Bank (SFB) posted a 42 per cent year-on-year (YoY) growth in credit to Rs 49,366 crore in the first quarter ended June 2022 (Q1FY23).
  • Its gross advances stood at nearly Rs 34,687 crore at end of June 2021 (Q1FY22).
  • Sequentially, advances expanded by six per cent from Rs 46,789 crore at end of March 2022 (Q4FY22).
  • AU SFB, in a BSE filing, said that the retail-to-wholesale loan ratio stood at about 90:10 as of June 2022, versus around 88:12 as of March 31, 2022.
  • The loan disbursements grew 345 per cent YoY in the first quarter of FY23 to Rs 8,445 crore from Rs 1,896 crore in the Q1FY22.
  • Sequentially, however, disbursements were down 18 per cent from Rs 10,295 crore in the quarter ended March 31, 2022.

AU Small Finance Bank:

Founded : 1996
HQ : Jaipur
Chairman : Raj VikasVerma
MD & CEO : Sanjay Agarwal
Tagline : ChaloAageBadhein

5. Which of the following Bank recorded 21.5% loan growth in Q1?
A) DCB Bank
B) Indusind Bank
C) HDFC Bank
D) Axis Bank
Answer: C) HDFC Bank

  • Private sector HDFC Bank said the bank has registered a 21.5 percent rise in loans to Rs 13,95,000 crore in the first quarter of this fiscal.
  • The credit book was Rs 11,47,700 crore as of June 30 last year.
  • Gross transfers through inter-bank participation certificates and bills rediscounted, the bank’s advances grew by around 22.5 percent over June 30, 2021.
  • The bank’s deposits aggregated to approximately Rs 16,05,000 crore as of June 30, 2022, a growth of around 19.3 percent over Rs 13,45,800 crore as of June 30, 2021.
  • During the quarter ended June 30, 2022, the bank purchased loans aggregating Rs 9,533 crore through the direct assignment route under the home loan arrangement with parent Housing Development Finance Corporation (HDFC) Ltd.
  • On April 4, India’s largest private lender HDFC Bank agreed to take over the biggest domestic mortgage lender in a deal valued at about USD 40 billion, creating a financial services titan.

HDFC Bank:

Founded : August 1994
HQ : Mumbai
Chairman : Atanu Chakraborty
CEO : SashidharJagdishan
Tagline : We Understand Your World

6. Which of the following Bank advanced rise 18% in Q1FY23, deposits cross over ₹3 lakh cr?
A) DCB Bank
B) Indusind Bank
C) HDFC Bank
D) Axis Bank
Answer: B) Indusind Bank

  • Private sector banker, IndusInd Bank recorded an 18% year-on-year growth in its net advances for the quarter ending June 30, 2022 (Q1FY23) period.
  • The bank has announced its provisional data for the first quarter of this fiscal.
  • In its regulatory filing, IndusInd Bank data showed that net advances jumped 18% to ₹2,49,541 crore in Q1FY23 compared to ₹2,10,727 crore in Q1 of the last year.
  • Net advances also recorded single-digit growth of 4% from the previous quarter (Q4FY22) where advances stood at ₹2,39,052 crore.
  • Total deposits jumped 13% to ₹3,03,094 crore in Q1FY23 compared to ₹2,67,630 crore in the June quarter last year.
  • Deposits also advanced by 3% against ₹2,93,681 crore witnessed in March 2022 quarter.
  • Retail Deposits and Deposits from Small Business Customers amounted to ₹1,24,105 crore as of 30 June 2022 as compared to ₹1,20,507 crore as of 31 March 2022.
  • The bank’s CASA ratio stood at 43.2% in Q1FY23 improving from 42.1% in Q1FY22 and 42.8% in Q4FY22.
  • At the current price, the bank’s market valuations were ₹62,581.29 crore on the exchange.

IndusInd Bank:

Founded : April 1994
HQ : Mumbai
MD & CEO : SumantKathpalia
Tagline : We Make You Feel Richer

Business and Economy – Daily Current Affairs July 04

7. Kinetic Green Energy partnered with who among the following for EV financing?
A) Tata Capital financial Service Ltd
B) Bajaj Finance Ltd
C) Cholamandalam Investment and Finance Company Ltd
D) Aditya Birla Finance Ltd
E) Muthoot Finance Ltd
Answer: C) Cholamandalam Investment and Finance Company Ltd

  • Electric vehicle manufacturer Kinetic Green Energy announced its partnership with Chennai-based Murugappa Group’s financial services arm.
  • Cholamandalam Investment and Finance Company Ltd (Chola) to provide financing solutions to its EV customers.
  • The Pune-based company said it has signed an initial pact with Chola for the customers looking to avail finances to acquire electric vehicles.
  • The collaboration is aimed at making Kinetic Green’s battery-operated vehicles more affordable for the discerning and price-conscious buyers with attractive financing solutions as well as catering to newer markets with Chola’s pan-India presence.

Cholamandalam Investment and Finance Company Ltd:

Founded : 1978
HQ : Chennai
MD : ArunAlagappan

8. How many percent GST on luxury, sin goods to continue: Revenue Secretary?
A) 28%
B) 15%
C) 12%
D) 18%
E) 5%
Answer: A) 28%

  • The government intends to continue with the top GST slab of 28 per cent for luxury and sin goods, but is open to discuss narrowing down the three slabs of 5, 12 and 18 per cent into two.
  • Addressing the industry leaders, Bajaj said the rate rationalisation exercise of the GST Council is a result of introspection of GST, five years after its rollout, and the policymakers do not have a “fetish” to raise the tax rates to the revenue-neutral level of 15.5 per cent.

9. Bajaj Auto beganhow many crore share buyback?
A) 4000
B) 3000
C) 5000
D) 2500
E) 3500
Answer: D) 2500

  • Bajaj Auto said it has commenced its Rs 2,500 crore share buyback program.
  • In a regulatory filing, the Pune-based company said the buyback initiative has begun with effect from July 4.
  • The company’s board, at its meeting held on June 27, had approved the proposal for buyback of the fully paid-up equity shares of the company with a face value of Rs 10 each from existing shareholders, except promoters and promoter group, from the open market.
  • The buyback will be carried out at a price not exceeding Rs 4,600 per equity share and for an aggregate amount of up to Rs 2,500 crore, representing 9.61 percent of the aggregate of the total paid-up share capital of the company, it had stated.
  • Shares of the company were trading 0.43 percent up at Rs 3,639.30 apiece on the BSE.

Bajaj Auto:

Founded : 29/11/1945
HQ : Pune
Chairman,MD& CEO : Rajiv Bajaj

Appointments – Daily Current Affairs July 04

10. Nissan Motor India appointed who among the following as Director Marketing?
A) AsitPapneja
B) AsitRath
C) UmangRath
D) UmangPapneja
E) Mohan Wilson
Answer: E) Mohan Wilson

  • Automaker Nissan Motor India has appointed Mohan Wilson as Director of Marketing, Product and Customer Experience effective July 1.
  • Wilson, who was the head of Global Marketing Planning at Nissan Motor Corporation’s premium car brand INFINITI at its global headquarter in Japan, succeeds Sriram Padmanabhan.
  • He will report to Nissan Motor India Managing Director Rakesh Srivastava and will be based in Chennai.

Nissan Motor India:

Founded : February 2005
HQ : Chennai

11. Aviva Life Insurance announces who among the following as new CEO?
A) AsitPapneja
B) AsitRath
C) UmangRath
D) UmangPapneja
E) Mohan Wilson
Answer: B) AsitRath

  • Aviva India announced the appointment of AsitRath as chief executive officer (CEO) and managing director.
  • Asit will take up his role on July 11 and succeed Amit Malik who is leaving the business after 10 years.
  • Asit is currently the CEO of Prudential Myanmar Life Insurance.

Aviva India:

Founded : 2002
HQ : Gurgaon,Haryana

12. Julius Baer appointed who among the following as India unit CEO?
A) AsitPapneja
B) AsitRath
C) UmangRath
D) UmangPapneja
E) Mohan Wilson
Answer: D) UmangPapneja

  • Julius Baer, the Swiss wealth management group, announced the appointment of UmangPapneja as the new chief executive officer (CEO) for Julius Baer India, effective 1 August, 2022.
  • Papneja will report to Rahul Malhotra, head global India and developed markets.
  • He takes over the role from Ashish Gumashta who will assume the role as executive chairman, Julius Baer Wealth Advisors (India).

Defence – Daily Current Affairs July 04

13. New Mangalore Port Authority receives first mainline container vessel what is the length of the ship?
A) 276.5m
B) 275.6m
C) 267.5m
D) 256.7m
E) 265.7m
Answer: A) 276.5m

  • The New Mangalore Port Authority achieved yet another milestone as the first mainline container vessel MSC Erminia made a port call here.
  • ‘MSC Erminia’ is one of the largest container vessels in the world and its arrival here heralded a new era.
  • The ship has a length of 276.5 metres and a draft of 12.8 metres.
  • The vessel is carrying 1,771 TEUs and 1,265 units of import containers.
  • A TEU or Twenty-foot Equivalent Unit is a unit of measurement derived from the dimensions of 20 feet standardised shipping container.

New Mangalore Port:

Opened : 04/05/1974
Chairman : AV Ramana

National Affairs – Daily Current Affairs July 04

14. Which of the following state is best in providing strong ecosystem for startups?
A) Telangana
B) Assam
C) Gujarat
D) Rajasthan
E) Tamil Nadu
Answer: C) Gujarat

  • Gujarat and Karnataka have been ranked as the best performers in developing startup ecosystems for budding entrepreneurs, according to the ranking of states and Union territories by the department for the promotion of industry and internal trade (DPIIT).
  • Among smaller states having populations of less than one crore, Meghalaya has been adjudged as the best performer.
  • The rankings are based on the initiatives taken to develop the startup ecosystem for promoting budding entrepreneurs.
  • For the third time in a row, Gujarat was ranked as the best performer.
  • The exercise is aimed at supporting states and Union territories (UTs) in developing their startup ecosystem and learning from each other’s best practices.
  • A total of 24 states and 7 UTs participated in the exercise, which ranked them under five categories — best performers, top performers, leaders, aspiring leaders, and emerging startup ecosystems.
  • The states and UTs were also ranked under these five categories based on the population of less than one crore.
  • Kerala, Maharashtra, Odisha, Telangana, Jammu, and Kashmir were categorized as the top performers.
  • Punjab, Tamil Nadu, Uttarakhand, Uttar Pradesh, Andaman and Nicobar Islands, Arunachal Pradesh, and Goa are in the leader’s category.
  • States and UTs in the aspiring leaders’ category include Chhattisgarh, Delhi, Madhya Pradesh, Rajasthan, Chandigarh, Puducherry, and Nagaland.
  • According to the ranking, the emerging startup ecosystems category includes Andhra Pradesh, Bihar, Mizoram, and Ladakh.
  • They were evaluated across seven reform areas consisting of 26 action points, ranging from institutional support, fostering innovation, access to market, incubation, and funding support.
  • DPIIT Secretary Anurag Jain said that the exercise plays a crucial role in easing the business environment for startups in the country.
  • The states’ startup ranking 2021 was released by Commerce and Industry Minister Piyush Goyal here.


Capital: Gandhinagar
CM: Bhupendrabhai Patel
Governor: Acharya Dev Vrat
Language : Gujarati
National Park : Gir National Park
Wildlife Sanctuary : Gir WLS
Ramsar Site : Thol Lake Wildlife Sanctuary
Tiger Reserve : –
Power Station : Ukai Thermal Power Station, Kakrapar Nuclear Power Plant, SardarSarovar Hydro Electric Power Plant
Dams : Ukai Dam in Tapi River
RRB : Baroda Gujarat Gramin Bank (BOB), Saurashtra Gramin Bank (SBI)
UNESCO Site : ChampanerPavagadhArchaelogical Park

15. Which of the following state signed MoUs worth ₹1.25 lakh crore; to generate nearly 75,000 jobs?
A) Telangana
B) Assam
C) Gujarat
D) Rajasthan
E) Tamil Nadu
Answer: E) Tamil Nadu

  • The Tamil Nadu Government signed 60 MoUs to bring in a cumulative investment worth ₹1.25 lakh crore and offer 74,898 jobs.
  • In the last one year, the State had attracted investment worth ₹2.20 lakh crore (from 192 MoUs signed), according to State government data.

Tamil Nadu:

Capital: Chennai
CM: MK Stalin
Governor: RN Ravi
Language : Tamil
National Park : Guindy National Park
Wildlife Sanctuary : Gangaikondan Spotted deer WLS
Ramsar Site : Point Calimere Wildlife & Bird Sanctuary
Tiger Reserve : Anamalai
Power Station : Kudankulam Nuclear Power Plant, North Chennai Thermal Power Station
Dams : BhavaniSagar Dam in Bhavani River
RRB : TamilnaduGrama Bank (Indian Bank)
UNESCO Site : Great Living Chola Temple

16. World’s largest Zoo will come up in which of the following state?
A) Telangana
B) Assam
C) Gujarat
D) Rajasthan
E) Tamil Nadu
Answer: C) Gujarat

  • According to reports, over 250-acre land in Gujarat is being dedicated to build the largest animal home on the planet.
  • The zoo will be called ‘Greens Zoological Rescue and the Rehabilitation Kingdom’ and will not only be important from a wildlife and environment perspective but also facilitate and boost tourism in the State.

17. Defence Minister dedicates new manufacturing facilities to nation at BDL in which of the following state?
A) Telangana
B) Assam
C) Gujarat
D) Rajasthan
E) Tamil Nadu
Answer: A) Telangana

  • Defence Minister Rajnath Singh has dedicated to the nation a number of new manufacturing facilities set up at the Bhanur Unit of Bharat Dynamics Limited (BDL) in Telangana.
  • They include a Warhead facility at the Bhanur Unit, a Radio Frequency (RF) Seeker facility at Kanchanbagh Unit.
  • Mr Singh termed the inauguration of the manufacturing facilities as a testament to the commitment of the Defence Public Sector Undertaking towards strengthening the defence sector and realising Prime Minister Narendra Modi’s vision of ‘Aatmanirbhar Bharat’.
  • He was addressing the researchers, engineers, technicians and staff of BDL.
  • Defence Minister also lauded BDL for adopting a positive approach towards self-reliance by manufacturing products indigenously in collaboration with foreign companies, in line with the vision -‘Make in India – Make for the World’.
  • He congratulated the company for preparing an indigenisation plan for the next five years and successfully achieving the target of the first two years.
  • The RF Seeker Facility is an integrated Centre for the production and testing of RF seekers.
  • The Defence Minister hoped that the facility will play a big role in achieving Aatmanirbharta in the field of missile production.
  • Among others, a Central Storage facility at Visakhapatnam Unit of BDL was also virtually inaugurated by the Defence minister.
  • The state-of-the-art facility has been constructed at a cost of about 4 crore 90 lakh rupees.


Capital: Hyderabad
CM: K Chandrashekar Rao
Governor: Tamilisai Soundararajan
Language : Telugu
National Park : MahaveerHarinaVanasthali National Park
Wildlife Sanctuary : Srisailam WLS
Ramsar Site : –
Tiger Reserve : Kawal
Power Station : Ramagundam Thermal Power Station
Dams : Manair Dam in Manair River
RRB : Andhra Pradesh Grameena Vikas Bank & Telangana Grameena Bank (SBI)
UNESCO Site : KakatiyaRudreshwara Temple

18. Over 10 lakh got jobs in how many years through Delhi govt’sRojgar Bazaar portal: Manish Sisodia?
A) 5
B) 2
C) 1
D) 3
E) 4
Answer: B) 2

  • The Kejriwal government’s Rojgar Bazaar portal has successfully provided jobs to over 10 lakh people of Delhi in two years, Deputy Chief Minister Manish Sisodia.
  • The Rojgar Bazaar portal was launched by the Delhi government on July 27, 2020 to help entry-level and blue-collar job seekers connect with employers.
  • As per official data, in the nearly two years since the launch of the portal till June 30, 2022, a total of 10,21,303 verified jobs across 32 employment categories have been generated in Delhi.

19. NTPC clockedhow many percent growth in power generation in June quarter?
A) 23.9%
B) 25.6%
C) 22.4%
D) 21.7%
E) 24.9%
Answer: D) 21.7%

  • State-run power giant NTPC Ltd said it registered a 21.7 percent growth in electricity generation at 104.4 billion units (BU) in the April-June quarter of this financial year.
  • NTPC group of companies recorded a generation of 104.4 BU in the April to June quarter of 2022, registering an increase of 21.7 percent from 85.8 BU generated in the corresponding quarter last year.
  • In June 2022, power generation was 34.8 BU, higher by 29.3 percent compared to 26.9 BU in June 2021, indicating an improved performance and an increase in demand for power in the current year.
  • NTPC TalcherKaniha (3000 MW) in Orissa is the top-performing thermal power plant with a 94.2 per cent Plant Load Factor (PLF or capacity utilization) between April to June 2022.


National Thermal Power Corporation
Founded : 07/11/1975
HQ : New Delhi
Chairman & MD : Gurdeep Singh

20. Tata Power to set up solar plant in Tamil Nadu, signed MoU worth how many crores?
A) 4000
B) 3500
C) 2500
D) 5000
E) 3000
Answer: E) 3000

  • Electricity generation company Tata Power has signed a Memorandum of Understanding (MoU) with the government of Tamil Nadu to invest approximately Rs 3,000 crore, for setting up a greenfield 4 gigawatts solar cell and 4 gigawatts solar module manufacturing.
  • The plant would be set up in Tirunelveli district of Tamil Nadu.

Tata Power:

Founded : 18/09/1919
HQ : Mumbai
MD & CEO : Praveer Sinha

Over All Review

Banking and Finance 

  • Credit card outstanding balloons 30%.
  • SBI to review payments bank joint venture with Jio.
  • DCB Bank revises MCLR on loans.
  • AU Small Finance Bank’s loans grow 42 % YoY in Q1 on positive sentiment.
  • HDFC Bank records 21.5% loan growth in Q1.
  • IndusInd Bank’s advances rise 18% in Q1FY23, deposits cross over ₹3 lakh cr.

Business And Economy

  • Kinetic Green Energy partners with Cholamandalam Investment for EV financing.
  • Highest 28% GST on luxury, sin goods to continue: Revenue Secretary.
  • Bajaj Auto begins Rs 2,500 cr share buyback.


  • Nissan Motor India appoints Mohan Wilson as Director Marketing.
  • Aviva Life Insurance announces AsitRath as new CEO.
  • Julius Baer appoints UmangPapneja as India unit CEO.


  • New Mangalore Port Authority receives first mainline container vessel.

National Affairs

  • Guj, Karnatka best states in providing strong ecosystem for startups.
  • TN signs MoUs worth ₹1.25 lakh crore; to generate nearly 75,000 jobs.
  • World’s largest Zoo in Gujarat’s Jamnagar soon.
  • Defence Minister dedicates new manufacturing facilities to nation at BDL in Telangana.
  • Over 10 lakh got jobs in 2 years through Delhi govt’sRojgar Bazaar portal: Manish Sisodia.
  • NTPC clocks 21.7 pc growth in power generation in June quarter.
  • Tata Power to set up solar plant in Tamil Nadu, signs MoU worth Rs 3,000 cr.


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