Current Affairs Quiz: June 5, 2024

June 5, 2024 CA Team

India set a world record in its recent Lok Sabha elections, with 64.2 crore voters participating. Out of these, how many were women, as announced by Chief Election Commissioner Rajiv Kumar?
A) 28.5 crore
B) 29.7 crore
C) 31.2 crore
D) 32.4 crore
E) None of the above

View Answer
Option C
Explanation:
India created a world record with 64.2 crore voters, including 31.2 crore women, participating in the Lok Sabha elections this year, Chief Election Commissioner Rajiv Kumar said.
Which initiative aims to instil a lifelong love of reading among Indian children and youth by offering over 1,000 non-academic books in more than 22 languages besides English?
A) National Digital Library of India
B) Bharat Pustakalaya
C) Rashtriya e-Pustakalaya
D) Indian Children’s Book Trust
E) None of the above

View Answer
Option C
Explanation:
The Department of School Education, Ministry of Education, Government of India, signed an MoU with the National Book Trust under the aegis of Department of Higher Education, Ministry of Education in New Delhi to create an institutional framework for the Digital Library Platform, Rashtriya e-Pustakalaya.
A first-of-its-kind digital library, Rashtriya e-Pustakalya, will seek to instil a lifelong love of reading among Indian children and youth by offering over 1,000 non-academic books to children and adolescents published by over 40 reputed publishers in more than 22 languages besides English.
Which company partnered with the Gurugram Cyber Police for the 11th edition of the Cyber Security Summer Internship Program called ‘Cyber Warriors’?
A) Paytm
B) Byju’s
C) Zupee
D) Dream11
E) None of the above

View Answer
Option C
Explanation:
In its bid to strengthen the cyber security ecosystem, Zupee, India’s largest skill-based Ludo platform, has partnered with the Gurugram Cyber Police, for the 11th edition of the Cyber Security Summer Internship Program, called ‘Cyber Warriors’.
Where will the new Indian Institute of Management (IIM) be established as approved by the Union Education Ministry?
A) Dispur in Assam
B) Jorhat in Assam
C) Marabhita in Assam
D) Dibrugarh in Assam
E) None of the above

View Answer
Option C
Explanation:
The proposal for the establishment of a new Indian Institute of Management (IIM) near Assam’s capital Guwahati has been approved by the Union Education Ministry, as suggested by Assam CM Himanta Biswa Sarma. The new IIM will be set up at Marabhita in Kamrup District in Assam.
Where did the 21st edition of the Shangri La Dialogue or the Asian Security Summit held on 2 June 2024?
A) Japan
B) China
C) Malaysia
D) None of these
E) Singapore

View Answer
Option E
Explanation:
The 21st edition of the Asia Pacific premier defence meet, the Shangri La Dialogue or the Asian Security Summit, ended in Singapore on 2 June 2024. It was attended by over a hundred delegates from Asia Pacific regions and from other parts of the world.
According to the latest data published by the Organisation for Economic Co-operation and Development (OECD), when did developed countries meet their long-standing promise of mobilising $100 billion a year to help developing countries mitigate and adapt to climate change?
A) 2020
B) 2021
C) 2022
D) 2023
E) 2024

View Answer
Option C
Explanation:
Developed countries met their long-standing promise of mobilising $ 100 billion a year to help developing countries mitigate and adapt to climate change in 2022, according to the latest data published by the Organisation for Economic Co-operation and Development (OECD).
What initiative has the All India Bank Employees’ Association (AIBEA) launched to assist bank customers with grievance redressal?
A) Customer Care Center
B) Bank Support Desk
C) Bank Clinic
D) Financial Helpline
E) None of the above

View Answer
Option C
Explanation:
The All India Bank Employees’ Association (AIBEA) has launched the “Bank Clinic” initiative to assist bank customers with grievance redressal.
Punjab National Bank (PNB) and which organization signed an agreement to provide long-term financial support to feasible infrastructure projects?
A) Infrastructure Development Finance Company
B) Indian Infrastructure Development Bank
C) India Infrastructure Finance Company Ltd
D) National Infrastructure Fund
E) None of the above

View Answer
Option C
Explanation:
Punjab National Bank (PNB) and India Infrastructure Finance Company Ltd (IIFCL) signed an agreement to offer long-term financial assistance to viable infrastructure projects.
The Reserve Bank of India (RBI) approved the appointment of a Committee of Executives (CoE) in Tamilnad Mercantile Bank as an interim arrangement to oversee its operations and administration in the absence of a regular managing director. Who regulates the functioning of banks in India?
A) Ministry of Finance
B) Securities and Exchange Board of India (SEBI)
C) Reserve Bank of India (RBI)
D) Indian Banks’ Association (IBA)
E) None of the above

View Answer
Option C
Explanation:
The Reserve Bank of India(RBI) has approved the appointment of a Committee of Executives (CoE) in Tamilnad Mercantile Bank as an interim arrangement to oversee its operations and administration in the absence of a regular managing director.
Adani Group ventured into the financial services sector by launching India’s first co-branded credit cards with airport-linked benefits in collaboration with which bank?
A) HDFC Bank
B) Axis Bank
C) ICICI Bank
D) State Bank of India
E) None of the above

View Answer
Option C
Explanation:
Adani One and ICICI Bank launched India’s first co-branded credit cards with airport-linked benefits in collaboration with Visa. Available in two variants – Adani One ICICI Bank Signature Credit Card and Adani One ICICI Bank Platinum Credit Card – they offer a comprehensive and substantial reward programme.This is Adani Group’s first venture in the financial services world.
Newgen Software launched LumYn, a Gen AI-powered hyper-personalisation platform designed for which sector?
A) Healthcare
B) Retail
C) Education
D) Banking
E) None of the above

View Answer
Option D
Explanation:
Newgen Software, a global provider of low-code digital transformation platforms, has launched LumYn, a Gen AI-powered hyper-personalisation platform designed specifically for the banking sector. The company claims this growth intelligence platform is set to enhance profitability and significantly improve customer experiences for banks worldwide.
What is the new theme launched by Universal Sompo to raise awareness about the importance of insurance?
A) “Secure Your Future”
B) “Insure Today for a Safe Tomorrow”
C) “Protect What Matters”
D) “Insurance for All”
E) None of the above

View Answer
Option B
Explanation:
Universal Sompo has launched a new theme, “Insure today for a safe tomorrow,” to raise awareness about the importance of insurance in safeguarding against unforeseen risks.
What is DBS Bank’s forecast for India’s GDP growth for the current fiscal year?
A) 6%
B) 6.5%
C) 7%
D) 7.5%
E) None of the above

View Answer
Option C
Explanation:
Singapore-headquartered DBS Bank expects India’s economic growth to stay in the 7 percent handle in the April-June 2024 quarter. Thus, foreign bank also retained its India GDP growth forecast for current fiscal at 7 per cent.
Which country was the highest source of foreign direct investment (FDI) into India in 2023-24?
A) United States
B) United Kingdom
C) Japan
D) Singapore
E) None of the above

View Answer
Option D
Explanation:
India received the highest foreign direct investment (FDI) from Singapore in 2023-24 even as overseas capital inflows into the country contracted by about 3.5% due to global economic uncertainties, according to the latest government data.
Which mobile app did SEBI launch to help investors with personal finance by simplifying complex financial concepts?
A) FinGuru
B) InvestSmart
C) Saa₹thi 2.0
D) MoneyMaster
E) None of the above

View Answer
Option C
Explanation:
Capital markets regulator SEBI launched mobile app ‘Saa₹thi 2.0’ on personal finance for investors with comprehensive tools aimed at simplifying complex financial concepts. The updated ‘Saathi’ app introduces a user-friendly interface with comprehensive tools aimed at simplifying complex financial concepts.
Which university did Nokia sign an agreement with for joint research related to 5G/6G communications in the transportation and logistics sector?
A) Indian Institute of Technology (IIT) Bombay
B) Gati Shakti Vishwavidyalaya (GSV)
C) Jawaharlal Nehru University (JNU)
D) Indian Institute of Science (IISc)
E) None of the above

View Answer
Option B
Explanation:
Finnish telecom gearmaker Nokia said it has signed an agreement with the Gati Shakti Vishwavidyalaya (GSV) for carrying out joint research related to 5G/6G communications in the transportation and logistics sector.
Which brand has P V Sindhu invested in and become the brand ambassador for, aiming to combat micronutrient deficiencies in India?
A) NutriPlus
B) Better Nutrition
C) HealthFirst
D) VitaBoost
E) None of the above

View Answer
Option B
Explanation:
Two-time Olympic medallist and world champion shuttler P V Sindhu announced her investment and brand ambassadorship with Greenday’s ‘Better Nutrition’ brand, which aims to combat micronutrient deficiencies in India through biofortified foods. Sindhu has also joined the startup as its brand ambassador.
Reliance Foundation signed an MoU with which organization to empower the inhabitants of coastal areas?
A) Indian Institute of Oceanography (IIO)
B) National Institute of Ocean Technology (NIOT)
C) Indian National Centre for Ocean Information Services (INCOIS)
D) National Oceanic and Atmospheric Administration (NOAA)
E) None of the above

View Answer
Option C
Explanation:
Reliance Foundation and the Indian National Centre for Ocean Information Services (INCOIS), an autonomous organisation of the Government of India, under the Ministry of Earth Sciences, have signed a Memorandum of Understanding (MoU) to empower the inhabitants of coastal areas.
Which sports person has joined the board of Blue Ocean Corporation, a supply chain training and consulting firm from the Middle East?
A) Sachin Tendulkar
B) Virat Kohli
C) Sourav Ganguly
D) MS Dhoni
E) None of the above

View Answer
Option C
Explanation:
Blue Ocean Corporation, a supply chain training and consulting firm from Middle East has announced that sports person Sourav Ganguly has join its board. The announcement was made at the International Procurement and Supply Chain Conference (IPSC) 2024, organised by Blue Ocean Corporation in Mumbai.
Which two companies have announced a strategic partnership to assist communications service providers (CSPs) with their radio access network (RAN) cloud transformation journeys?
A) Nokia and Intel
B) Samsung and Qualcomm
C) Dell Technologies and Ericsson
D) Huawei and IBM
E) None of the above

View Answer
Option C
Explanation:
Dell Technologies and Ericsson have announced a strategic partnership to combine their industry expertise with telecom software, solutions and support, to guide communications service providers (CSPs) through their radio access network (RAN) cloud transformation journeys.
According to Kaushik Das, Chief Economist – India and South Asia, at which financial institution, a faster-than-anticipated pace of fiscal consolidation could lead to a sovereign rating upgrade for India?
A) World Bank
B) International Monetary Fund
C) Deutsche Bank
D) Goldman Sachs
E) None of the above

View Answer
Option C
Explanation:
A faster-than-anticipated pace of fiscal consolidation could pave the way for a sooner-rather-than-later sovereign rating upgrade for India, according to Kaushik Das, Chief Economist – India and South Asia, Deutsche Bank.
What is the name of the policy launched by Ashok Leyland aimed at safeguarding the driver community with insurance coverage of up to Rs 10 lakh?
A) Sarathi Raksha
B) Suraksha Surakshit
C) Sarathi Suraksha
D) Leyland Rakshak
E) None of the above

View Answer
Option C
Explanation:
Heavy commercial vehicle manufacturer Ashok Leyland has launched the ‘Sarathi Suraksha’ Policy aimed at safeguarding the driver community, which insurance coverage of up to Rs 10 lakh.
What is the prize money set by the International Cricket Council (ICC) for the Men’s T20 World Cup 2024?
A) $10 million
B) $11.25 million
C) $12.5 million
D) $13.75 million
E) $23.75 million

View Answer
Option B
Explanation:
The International Cricket Council (ICC) announced a groundbreaking prize money of $11.25 million for the Men’s T20 World Cup 2024, setting a new record for the tournament.
Who won Iceland’s presidential election, replacing Gudni Th. Johannesson?
A) Gudni Th. Johannesson
B) Halla Tomasdottir
C) Greta Thunberg
D) Angela Merkel
E) None of the above

View Answer
Option B
Explanation:
Halla Tomasdottir(55), a businesswoman and investor, has won Iceland’s presidential election, topping a crowded field of candidates in which the top three finishers were women. She wil replace Gudni Th. Johannesson, who did not seek re-election after two four-year terms, on August 1.
Who has made history by becoming the first woman from the Christian and minority community to achieve the rank of brigadier in the Pakistan Army Medical Corps?
A) Dr. Helen Mary Roberts
B) Dr. Sarah Khan
C) Dr. Fatima Ahmed
D) Dr. Ayesha Malik
E) None of the above

View Answer
Option A
Explanation:
Dr Helen Mary Roberts, serving in the Pakistan Army Medical Corps, has made history by becoming the first woman from the Christian and minority community to achieve the rank of brigadier in the Muslim-majority country.
Who has been nominated as the crown prince of Kuwait by Emir Sheikh Meshal al-Ahmad al-Sabah?
A) Sheikh Meshal al-Ahmad al-Sabah
B) Sheikh Sabah al-Khalid al-Sabah
C) Sheikh Jaber al-Mubarak al-Sabah
D) Sheikh Nawaf al-Ahmad al-Jaber al-Sabah
E) None of the above

View Answer
Option B
Explanation:
Kuwait’s Emir Sheikh Meshal al-Ahmad al-Sabah issued a decree nominating Sheikh Sabah al-Khalid al-Sabah as crown prince, the state news agency KUNA reported, June 1, 2024.
Who was honored with the Annual Hindi Sahitya Bharati Award during the Sab Me Ram Shashwat Shri Ram multicultural festival in Mumbai?
A) Krishna Prakash
B) Ajay Kumar
C) Vikram Singh
D) Arvind Kumar
E) None of the above

View Answer
Option A
Explanation:
Krishna Prakash, renowned as the head of Mumbai Police’s elite counter-terrorism unit, Force One, has been honored with the prestigious Annual Hindi Sahitya Bharati Award. The recognition was bestowed during the Sab Me Ram Shashwat Shri Ram multicultural festival in Mumbai.

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