1 May CA — ca quiz Current Affairs

Sky Hop Aviation became India's first commercial seaplane operator after receiving the Air Operator Certificate from DGCA.

• The initial phase of this service will focus on the Lakshadweep Islands.

• A seaplane is an aircraft that takes off and lands on water.

• DGCA is the civil aviation regulator of India, responsible for all approvals in the aviation sector.

• This is a significant step for connectivity to India's remote island territories.

Railway Minister Ashwini Vaishnaw flagged off the first direct Vande Bharat Express between Jammu and Srinagar.

• Earlier, train service existed only between Srinagar and Shri Mata Vaishno Devi Katra; now extended to Jammu.

• Ashwini Vaishnaw holds three ministries — Railways, I&B, and MeitY.

• Vande Bharat Express is India's semi-high-speed indigenously developed train, first launched in 2019.

• This direct connectivity significantly reduces travel time between Jammu and Srinagar.

PARRVA stands for Past Risk Return Verification Agency, launched by SEBI to independently verify historical return claims.

• It operates under a two-agency structure: a Recognised Stock Exchange (Data Centre) and a Credit Rating Agency (Verifier).

• NSE was designated as PARRVA Data Centre and CARE Ratings as the Verifier.

• SEBI was established in 1988; got statutory status in 1992; headquartered in Mumbai.

India spent 92.1 billion USD on defence in 2025, an 8.9% increase over the previous year, ranking 5th globally.

• Top 5 spenders: USA ($954b) → China ($336b) → Russia ($190b) → Germany ($114b) → India ($92.1b).

• India's share in total global military expenditure is 3.2%.

• This data was published by SIPRI — Stockholm International Peace Research Institute.

India Post Payment Bank (IPPB) launched the SHG Saving Account to promote financial inclusion among women-led self-help groups in rural areas.

• Key features: Zero balance account | Max balance ₹2 lakh | No charges on deposit/withdrawal.

• IPPB is 100% owned by Government of India under the Department of Post.

• India currently has 5 payment banks: Airtel, Jio, NSDL, India Post and FinO.

Both statements are correct: NMP 2.0 covers 2025-26 to 2029-30 with a total target of Rs. 16.72 lakh crore.

• Monetisation means leasing government assets to private players for a fixed period while retaining ownership.

• Largest component: Highways, Ropeways and MMLP — valued at Rs. 4.42 lakh crore (26% share).

• Other sectors: Railways, Civil Aviation, Ports, Warehouses, Coal, Mines and Telecom.

Tamil Nadu became India's largest marine fish producing state in 2025 with 6.85 lakh tonnes production.

• Gujarat slipped to 2nd position with 6.4 lakh tonnes due to weather-related factors.

• Rankings: 1st Tamil Nadu | 2nd Gujarat | 3rd Kerala | 4th Karnataka | 5th Maharashtra.

• Total India marine fish production in 2025: 3.57 million tonnes.

• This data was published by CMFRI — Central Marine Fisheries Research Institute.

Both statements are correct: SACHET is launched by Amit Shah and Jyotiraditya Scindia, developed by C-DOT and NDMA.

• The system is based on Common Alerting Protocol recommended by ITU (International Telecommunication Union).

• It sends mobile alerts to citizens about disasters like cyclones, floods and earthquakes.

• Currently operational across all 36 states and Union Territories of India.

All three statements are correct: Federal Bank acquired SCB's credit card portfolio, Blackstone took a 10% stake, and HQ is in Aluva.

• Federal Bank was established in 1931.

• Current MD & CEO is KVS Manian.

• Brand Ambassador is Vidya Balan.

FIFA Council approved the return of Afghanistan Women's Football Team and will provide support for up to 2 years.

• FIFA headquarters is in Zurich, Switzerland.

• World Cup hosts: 2026 (USA, Canada, Mexico) | 2030 (Morocco, Spain, Portugal) | 2034 (Saudi Arabia).

• This is a significant step as Afghanistan's authorities had restricted women's participation in sports.