Saturday, July 13, 2024
Banking QuizCA Quizzes (English)

Current Affairs Quiz: April 1, 2024

  1. What additional option has the Securities and Exchange Board of India (SEBI) introduced in the equity cash market settlement cycle alongside the existing T+1 settlement cycle?
    A) T+0 settlement cycle
    B) T+2 settlement cycle
    C) T+3 settlement cycle
    D) T+4 settlement cycle
    E) None of the above
    View Answer
    Option A
    Explanation:

    The Securities and Exchange Board of India (Sebi) has put in place a framework introduced the beta version of the T+0 trade settlement cycle on an optional basis. This will be in addition to the existing T+1 settlement cycle in the equity cash market.
  2. In February 2024, which Indian bank achieved a significant milestone by leading credit card issuances with a circulation of 20.40 million, contributing to the country’s total credit cards surpassing the 100 million mark, with 1.1 million additions from the previous month?
    A) ICICI Bank
    B) State Bank of India
    C) HDFC Bank
    D) Axis Bank
    E) None of the above
    View Answer
    Option C
    Explanation:

    The total number of credit cards issued by banks in India surpassed the 100 million mark in February 2024, with 1.1 million card additions from the previous month.HDFC Bank is the leader in credit card issuances, with the lender’s cards in circulation standing at 20.40 million.
  3. Which authentication method has the Pension Fund Regulatory and Development Authority (PFRDA) mandated for accessing the Central Recordkeeping Agency (CRA) system for National Pension System (NPS) related activities?
    A) Biometric Authentication
    B) OTP Authentication
    C) None of these
    D) 2-Factor Aadhaar Authentication
    E) Facial Recognition Authentication
    View Answer
    Option D
    Explanation:

    Pension regulator PFRDA has mandated 2-Factor Aadhaar Authentication for access to the Central Recordkeeping Agency (CRA) system for conducting National Pension System (NPS) related activities.This new regime will be effective from April 1, it added. About 1,600 Government offices across the Centre and States would have to implement the new regime from April 1
  4. From April 1, 2024, what requirement has the Insurance Regulatory and Development Authority of India (IRDAI) made mandatory regarding new insurance policies?
    A) Online premium payment
    B) Electronic format issuance
    C) Paperless application process
    D) QR code inclusion
    E) None of the above
    View Answer
    Option B
    Explanation:

    The Insurance Regulatory and Development Authority of India (IRDAI) has made it mandatory to hold new insurance policies in electronic format from April 1, 2024.
  5. Which countries witnessed a significant increase in the import of Indian engineering goods during April-February 2023-24?
    A) UAE, Australia, China
    B) UAE, Russia, Saudi Arabia
    C) Russia, Australia, Japan
    D) USA, Germany, UK
    E) None of the above
    View Answer
    Option B
    Explanation:

    A near-doubling of engineering goods exports to Russia in April-February 2023-24 and an increase in shipments to free trade partner countries the UAE and Australia have led to a 1.23 per cent growth in exports (year-on-year) from this segment, at $98.03 billion, despite an overall decline in goods exports during the period.
  6. What is the purpose of the 14th task force formed by the government in relation to the steel industry?
    A) To increase carbon emissions in steel production
    B) To explore the use of biochar in steel production for reducing carbon emissions
    C) To promote the use of fossil fuels in steel production
    D) To investigate alternative materials for steel production
    E) None of the above
    View Answer
    Option B
    Explanation:

    The government has set up a task force to explore the use of biochar in steel production as part of its efforts to reduce carbon emissions in the steel industry.The 14th task force has been constituted to further aid the carbon reduction practises in the domestic steel industry by the usage of biochar, according to a steel ministry document.
  7. Which two countries recently took a significant step towards integration with the European Union by partially joining Europe’s ID-check-free travel zone?
    A) Romania and Moldova
    B) Hungary and Slovakia
    C) Romania and Bulgaria
    D) Bulgaria and Greece
    E) None of the above
    View Answer
    Option C
    Explanation:

    Romania and Bulgaria partially joined Europe’s ID-check-free travel zone, marking a new step in the two countries’ integration with the European Union.
  8. Who were named as the Women’s and Men’s Player of the Year at the sixth Hockey India Awards 2023?
    A) Salima Tete and Manpreet Singh
    B) Rani Rampal and Harmanpreet Singh
    C) Salima Tete and Hardik Singh
    D) Vandana Katariya and PR Sreejesh
    E) None of the above
    View Answer
    Option C
    Explanation:

    Hockey India announced the sixth Hockey India Awards 2023 at a function in New Delhi. Hockey India started the annual Hockey India Awards in 2014 to honour India’s best hockey players, former players and officials. Salima Tete and Hardik Singh were named the women’s and men’s player of the year, respectively.
  9. Who won the Miami Open doubles crown in Florida, emerging victorious in the prestigious Sunshine tournament?
    A) Rohan Bopanna and Leander Paes
    B) Matthew Ebden and Leander Paes
    C) Rohan Bopanna and Matthew Ebden
    D) Sania Mirza and Martina Hingis
    E) None of the above
    View Answer
    Option C
    Explanation:

    Rohan Bopanna and his Australian partner Matthew Ebden won the Miami Open doubles crown, reigning supreme in the second of two prestigious Sunshine tournaments, in Floria.
  10. Which country has been selected as the chair of a United Nations commission tasked with promoting gender equality and women’s empowerment, despite facing criticism from human rights groups regarding its track record on women’s rights?
    A) Saudi Arabia
    B) Sweden
    C) Canada
    D) Australia
    E) None of the above
    View Answer
    Option A
    Explanation:

    Saudi Arabia has been chosen as the chair of the UN commission that is supposed to promote gender equality and empower women around the world, after an unopposed bid for leadership condemned by human rights groups because of the kingdom’s “abysmal” record on women’s rights.
  11. In the IPL 2024 match between DC and CSK, what historic milestone did MS Dhoni achieve, marking a unique record in T20 cricket?
    A) Scoring the fastest century in IPL history
    B) Taking 5 wickets in an innings
    C) Becoming the first wicketkeeper to record 300 dismissals in T20 cricket
    D) Captaining the most IPL matches
    E) None of the above
    View Answer
    Option C
    Explanation:

    Five-time Indian Premier League (IPL) winner MS Dhoni scripted history by attaining a unique record in DC vs CSK IPL 2024 match. Dhoni becoming the first wicketkeeper to record 300 dismissals in T20 cricket.
  12. On April 1, 2024, which anniversary of the Reserve Bank of India was commemorated during the ceremony attended by Prime Minister Narendra Modi, Union Finance Minister Nirmala Sitharaman, and RBI Governor Shaktikanta Das in Mumbai?
    A) 75th anniversary
    B) 80th anniversary
    C) 85th anniversary
    D) 90th anniversary
    E) None of the above
    View Answer
    Option D
    Explanation:

    Prime Minister Narendra Modi addressed a ceremony marking 90 years of the Reserve Bank of India on April 1,2024 in Mumbai, the central bank said. The event also be attended by Union Finance Minister Nirmala Sitharaman and RBI Governor Shaktikanta Das.
  13. On which day is Odisha Day, also known as Utkala Dibasa, celebrated to mark the formation of the state of Odisha?
    A) January 26th
    B) April 1st
    C) August 15th
    D) October 2nd
    E) April 11th
    View Answer
    Option B
    Explanation:

    On April 1, Odisha Day, or Utkala Dibasa, is celebrated to commemorate the formation of the state of Odisha.
  14. Who has become the first Bangladeshi umpire to be appointed to the ICC’s elite panel of umpires?
    A) Chris Broad
    B) Sharfuddoula
    C) Aleem Dar
    D) Kumar Dharmasena
    E) None of the above
    View Answer
    Option B
    Explanation:

    The ICC has appointed Sharfuddoula in its elite panel of umpires, making him the first Bangladeshi to be included into the group.
  15. Who was honored with the prestigious Times Power Icon 2024 Award at a ceremony organized by The Times Group in Noida?
    A) Vijay Jain
    B) Kumar Sharma
    C) Ramesh Patel
    D) Priya Singh
    E) None of the above
    View Answer
    Option A
    Explanation:

    In a glittering event honouring top industry leaders, Vijay Jain, Managing Director of Star Estate, was adjudged the prestigious Times Power Icon 2024 Award. The award ceremony, held recently in Noida, was organized by The Times Group.
  16. Who has been appointed as the new head of Microsoft’s combined Windows and Surface teams, following the departure of Panos Panay to Amazon?
    A) Pavan Davuluri
    B) Panos Panay
    C) Satya Nadella
    D) Bill Gates
    E) None of the above
    View Answer
    Option A
    Explanation:

    Microsoft has named Pavan Davuluri as the new head of its combined Windows and Surface teams. The move comes after previous leader Panos Panay’s surprise departure to Amazon last year.
  17. Which institution will host the 6th Shaastra Rapid FIDE Rated Chess Tournament, an event recognized by the International Chess Federation (FIDE)?
    A) IIT Bombay
    B) IIT Delhi
    C) IIT Madras
    D) IIT Kanpur
    E) None of the above
    View Answer
    Option C
    Explanation:

    An International Chess Federation (FIDE)-rated Rapid Chess Tournament will be hosted by IIT Madras.

  18. Which seminar was conducted by the School of Naval Oceanology & Meteorology (SNOM) and the Indian Naval Meteorological Analysis Centre (INMAC) at the Southern Naval Command, in commemoration of World Meteorological Day?
    A) Operation INDRA
    B) Naval Weather Awareness Program
    C) Meteorological Analysis Seminar
    D) None of these
    E) Project Meghayan-24
    View Answer
    Option E
    Explanation:

    The METOC seminar ‘Meghayan-24’ was conducted by the School of Naval Oceanology & Meteorology (SNOM) and the Indian Naval Meteorological Analysis Centre (INMAC) at the Southern Naval Command.It was organized in commemoration of World Meteorological Day, with the theme ‘At the Frontline of Climate Action’ set by the World Meteorological Organization (WMO) for 2024.
    On this occasion an indigenous mobile application INDRA (Indian Naval Dynamic Resource for Weather Analysis) disseminate weather related information and forecasts empowering optimal & quick decision making was also launched.
  19. Which global initiative has the World Health Organization (WHO) recently launched to identify and monitor potentially novel coronaviruses, in addition to SARS-CoV-2?
    A) Global Coronavirus Surveillance Program
    B) WHO Coronavirus Network (CoViNet)
    C) International Coronaviruses Monitoring System
    D) Global Pandemic Preparedness Network
    E) None of the above
    View Answer
    Option B
    Explanation:

    The World Health Organization (WHO) has launched a global network of laboratories to identify and monitor potentially novel coronaviruses that could emerge shortly. Besides SARS-CoV-2, the new WHO Coronavirus Network, called CoViNet, will assess other coronaviruses, including MERS-CoV, with enhanced laboratory capacity.
  20. According to the Reserve Bank of India (RBI), what significant changes were observed in India’s International Investment Position (IIP) as of December 2023?
    A) Net claims of non-residents in India increased by USD 12.2 billion, while reserve assets decreased by USD 34.8 billion.
    B) Net claims of non-residents in India decreased by USD 12.2 billion, while reserve assets increased by USD 34.8 billion.
    C) Net claims of non-residents in India increased by USD 34.8 billion, while reserve assets decreased by USD 12.2 billion.
    D) Net claims of non-residents in India decreased by USD 34.8 billion, while reserve assets increased by USD 12.2 billion.
    E) None of the above
    View Answer
    Option B
    Explanation:

    The Reserve Bank of India (RBI) disclosed the latest figures concerning India’s International Investment Position (IIP) as of December 2023 showing a decline in net claims of non-residents on India, plunging by USD 12.2 billion during the period from October to December 2023, culminating at USD 370.4 billion by the end of December 2023. A contributor to this shift is the rise in reserve assets, soaring by USD 34.8 billion during the third quarter of 2023-24.
  21. What announcement has the government made regarding the Postal Life Insurance Scheme and Rural Postal Life Insurance Scheme for the fiscal year 2024-25?
    A) Reduction in bonus rate
    B) Introduction of a new bonus scheme
    C) Maintenance of the existing bonus rate
    D) Increase in bonus rate
    E) None of the above
    View Answer
    Option C
    Explanation:

    The Centre has approved a simple reversionary bonus for Postal Life Insurance Scheme and Rural Postal Life Insurance Scheme for fiscal year 2024-25. There is no change in the rate.
  22. What fundraising method did Karnataka Bank, a Mangalore-based private sector lender, utilize to raise up to ₹600 crore?
    A) Initial Public Offering (IPO)
    B) Rights Issue
    C) Qualified Institutional Placement (QIP)
    D) Preferential Allotment
    E) None of the above
    View Answer
    Option C
    Explanation:

    Mangalore-based private sector lender Karnataka Bank will raise up to ₹600 crore through a qualified institutional placement (QIP).
  23. Who signed a Memorandum of Understanding (MoU) with Telecom Egypt (TE), ITIDA (Information Technology Industry Development Agency), and NTI (National Telecom Institute) to replicate the implementation experience of the Bharatnet and NKN projects in Egypt?
    A) Tejas Networks
    B) None of these
    C) National Knowledge Network
    D) National Telecom Institute
    E) Bharat Broadband Network Limited
    View Answer
    Option A
    Explanation:

    Tejas Networks announced that it has signed a Memorandum of Understanding (MoU) with Telecom Egypt (TE), ITIDA (Information Technology Industry Development Agency) and NTI (National Telecom Institute) to replicate its experience of implementing the Bharatnet (Rural Broadband Project) and NKN (National Knowledge Network) projects in Egypt.
  24. Which entities have jointly secured a transmission project valued at approximately Rs 60 crore in the central African nation of Rwanda?
    A) BHEL and Larsen & Toubro
    B) Power Grid Corporation of India and Adani Transmission
    C) NTPC and Tata Power
    D) RVNL and Salasar Techno Engineering
    E) None of the above
    View Answer
    Option D
    Explanation:

    A joint venture of state-owned RVNL and private steel player Salasar Techno Engineering has bagged a transmission project worth around Rs 60 crore in central African nation Rwanda.
  25. Who emerged as champions in the Orlen Polish Open International Challenge Badminton tournament held in Warsaw, Poland?
    A) PV Sindhu and Satwiksairaj Rankireddy
    B) Carolina Marin and Lee Chong Wei
    C) Anupama Upadhyaya and MR Arjun-Dhruv Kapila
    D) None of these
    E) Tai Tzu Ying and Kento Momota
    View Answer
    Option C
    Explanation:

    Promising teenager Anupama Upadhyaya and men’s doubles pair MR Arjun-Dhruv Kapila emerged champions at the Orlen Polish Open International Challenge Badminton tournament in Warsaw, Poland.
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