Tuesday, May 28, 2024
Banking QuizCA Quizzes (English)

Current Affairs Quiz: April 12, 2024

  1. Which of the following accurately represents IIT Bombay’s ranking in the QS World University Rankings by Subject for 2024 in Engineering and Technology?
    A) 35th
    B) 45th
    C) 55th
    D) 65th
    E) None of the above
    View Answer
    Option B
    Explanation:

    The Indian Institute of Technology (IIT) Bombay has secured the 45th rank in Engineering and Technology in the Quacquarelli Symonds (QS) World University Rankings by Subject for 2024. With an overall score of 79.1 out of 100, the institute has improved on its 2023 performance in the same subject by two places.
  2. What festival did the Kashmiri Pandit community celebrate recently, drawing crowds to religious sites across Jammu and Kashmir?
    A) Navratri
    B) Diwali
    C) Navreh
    D) Holi
    E) None of the above
    View Answer
    Option C
    Explanation:

    The religious places of Kashmiri Pandits across J&K witnessed a rush of Kashmir Pandits and other devotees as the community celebrated the Navreh festival with religious fervour.
  3. Who has been appointed as an Additional Director on the Board of Suryoday Small Finance Bank, effective from April 11, 2024?
    A) Deepak Kumar Sharma
    B) Rajesh Singh
    C) Neha Gupta
    D) Sanjay Patel
    E) None of the above
    View Answer
    Option A
    Explanation:

    The Board of Directors of Suryoday Small Finance Bank have appointed Deepak Kumar Sharma as an Additional Director (under the Independent category) on the Board of the Bank, with effect from April 11, 2024.
  4. Which private bank recently inaugurated a branch on Kavaratti Island in Lakshadweep, thus becoming the only private sector bank to have a presence in the Union Territory?
    A) ICICI Bank
    B) HDFC Bank
    C) Axis Bank
    D) Kotak Mahindra Bank
    E) None of the above
    View Answer
    Option B
    Explanation:

    Private lender HDFC Bank opened a branch at Kavaratti Island in Lakshadweep, making it the only private sector bank to have a branch in the Union Territory.
  5. During which festival in Nepal will PhonePe, in collaboration with eSewa and the Hotel Association of Nepal (HAN) Pokhara, promote digital payments through UPI?
    A) Dashain
    B) Tihar
    C) Fewa New Year Festival
    D) Holi
    E) None of the above
    View Answer
    Option C
    Explanation:

    Fintech firm PhonePe said it has partnered with Nepal’s digital wallet service eSewa and the Hotel Association of Nepal (HAN) Pokhara to promote digital payments through UPI on the Himalayan country’s payment processor Fonepay Network.The partnership is a part of the Fewa New Year Festival which will be held from April 11-14 in Nepal.
  6. What is the name of Cisco’s CSR initiative that, in collaboration with the Nasscom Foundation, honored 10 winning startups from its 6th cohort during the Neovation celebration in New Delhi?
    A) InnovateIndia
    B) Tech4Good
    C) thingQbator
    D) EmpowerTech
    E) None of the above
    View Answer
    Option C
    Explanation:

    Cisco’s CSR initiative ‘thingQbator’ in partnership with the nasscom foundation, felicitated 10 winning startups from its 6th cohort at the Neovation celebration in New Delhi.
  7. As per the Carbon Majors report by InfluenceMap, which entities were identified as the top three CO2-emitting companies from 2016 to 2022?
    A) ExxonMobil, Shell, BP
    B) Saudi Aramco, Gazprom, Coal India
    C) Chevron, Total, ConocoPhillips
    D) PetroChina, ADNOC, ENI
    E) None of the above
    View Answer
    Option B
    Explanation:

    From 2016 to 2022, the 57 entities including nation-states, state-owned firms and investor-owned companies produced 80% of the world’s CO2 emissions from fossil fuels and cement production, said the Carbon Majors report by non-profit think tank InfluenceMap.
    The world’s top three CO2-emitting companies in the period were state-owned oil firm Saudi Aramco, Russia’s state-owned energy giant Gazprom and state-owned producer Coal India, the report said.

  8. At the 2024 Annual Meeting of the American Society for Cataract and Refractive Surgery (ASCRS), which eye hospital’s research team received the ‘Best Scientific Poster Award’ for their study on improving vision in stable keratoconus patients post Crosslinking surgery?
    A) Aravind Eye Hospital
    B) LV Prasad Eye Institute
    C) Dr Agarwal’s Eye Hospital
    D) Shankara Eye Hospital
    E) None of the above
    View Answer
    Option C
    Explanation:

    Dr Agarwal’s Eye Hospital recently announced that their accomplished research team have been honoured with the prestigious ‘Best Scientific Poster Award’ at the 2024 Annual Meeting of the American Society for Cataract and Refractive Surgery (ASCRS).
    This recognition comes in light of their groundbreaking study on ‘The efficacy of RevitalVision vision-training software in improving best-corrected vision in stable keratoconus patients post Crosslinking surgery.’
  9. Through which platform has Karnataka Bank collaborated to introduce 3-in-1 accounts (savings, demat, and trading) on its mobile banking app, KBL Mobile Plus?
    A) Paytm
    B) FISDOM
    C) Zerodha
    D) Groww
    E) None of the above
    View Answer
    Option B
    Explanation:

    Karnataka Bank, a renowned private sector bank, has partnered with FISDOM to offer 3-in-1 accounts (savings, demat, and trading) through its mobile banking app, KBL Mobile Plus.
  10. Which bank has entered into a corporate agency collaboration with Kotak Mahindra Life Insurance Company Ltd. to offer tailor-made life insurance options to its customers?
    A) HDFC Bank
    B) ICICI Bank
    C) Jana Small Finance Bank
    D) Axis Bank
    E) None of the above
    View Answer
    Option C
    Explanation:

    Kotak Mahindra Life Insurance Company Ltd. unveiled a corporate agency collaboration with Jana Small Finance Bank. The agreement will benefit 52 lahks Jana Small Finance Bank customers by providing a comprehensive choice of tailor-made life insurance options from Kotak Life through the Bank’s 781 banking facilities distributed across 22 states and two union territories.
  11. With which entity has ICICI Lombard formed a strategic alliance to provide accessible insurance solutions to nearly one crore clients?
    A) HDFC Bank
    B) Policybazaar
    C) LIC (Life Insurance Corporation of India)
    D) SBI General Insurance
    E) None of the above
    View Answer
    Option B
    Explanation:

    ICICI Lombard, a private general insurance firm, and Policybazaar, an insurance marketplace, have formed a strategic relationship. The alliance would combine ICICI Lombard’s product portfolio with Policybazaar’s reach to provide accessible insurance solutions to nearly one crore clients, the companies said.
  12. With which leading general insurance provider did J&K Bank sign a Corporate Agency Agreement to offer comprehensive financial solutions to its customers?
    A) HDFC ERGO
    B) New India Assurance Co. Ltd (NIACL)
    C) ICICI Lombard
    D) Bajaj Allianz
    E) None of the above
    View Answer
    Option B
    Explanation:

    J&K Bank recently signed a Corporate Agency Agreement with New India Assurance Co. Ltd (NIACL), the country’s leading general insurance provider, to provide its customers with comprehensive financial solutions.
  13. What is the primary purpose of the protocol signed between India and Mauritius to amend the double taxation avoidance agreement?
    A) To modify withholding tax rates
    B) To introduce a capital gains tax clause
    C) To extend the tax residency period
    D) To include a principal purpose test for claiming treaty benefits
    E) None of the above
    View Answer
    Option D
    Explanation:

    India and Mauritius have signed a protocol to amend the double taxation avoidance agreement , which included a principal purpose test to decide whether a foreign investor is eligible to claim treaty benefits.Tax experts said a new article has been added to the protocol “Article 27B Entitlement to Benefits”. The amended protocol was signed on March 7 and made public now.

  14. Which Indian university has achieved the highest ranking in the World University Rankings list, specifically in the subject of Development Studies, according to Quacquarelli Symonds (QS)?
    A) Delhi University
    B) Indian Institute of Technology Bombay
    C) Jawaharlal Nehru University (JNU)
    D) Indian Institute of Science Bangalore
    E) None of the above
    View Answer
    Option C
    Explanation:

    India’s Jawaharlal Nehru University has emerged as the highest-ranked Indian university in the World University Rankings list. JNU has been ranked 20th under the subject of Development Studies. The ranking was released by London-based higher education analytics firm, Quacquarelli Symonds (QS).
  15. What is the projected value of India’s food processing sector by 2025-26, as mentioned in Anita Praveen’s statement at the FICCI Scientific Symposium?
    A) USD 235 billion
    B) USD 335 billion
    C) USD 435 billion
    D) USD 535 billion
    E) None of the above
    View Answer
    Option D
    Explanation:

    India’s Food Processing Sector Set To Reach USD 535 Billion By 2025-26.Anita Praveen, secretary of the Ministry of Food Processing, emphasised the pivotal role of research and development (R&D) in propelling the Indian food processing sector to greater heights.

  16. According to a new forecast by World Trade Organization (WTO) economists, what is the projected change in the volume of world merchandise trade for 2024 and 2025?
    A) 2.6% increase in 2024 and 3.3% increase in 2025
    B) 3.3% increase in 2024 and 2.6% increase in 2025
    C) 1.2% decrease in 2024 and 3.3% increase in 2025
    D) None of these
    E) 3.3% increase in 2024 and 1.2% decrease in 2025
    View Answer
    Option A
    Explanation:

    Global goods trade is expected to pick up gradually this year following a contraction in 2023 that was driven by high energy prices and related inflation, World Trade Organization (WTO) economists said in a new forecast.The volume of world merchandise trade is expected to increase by 2.6% in 2024 and 3.3% in 2025 after falling 1.2 per cent in 2023.
  17. Which country’s Prime Minister, Katrin Jakobsdottir, recently announced her resignation with plans to contest the presidential elections?
    A) Iceland
    B) Finland
    C) Ireland
    D) New Zealand
    E) None of the above
    View Answer
    Option A
    Explanation:

    Icelandic Prime Minister Katrin Jakobsdottir announced her resignation and said that she will run for president, a ceremonial post that is mostly above the daily political fray.

  18. In which Indian state did the Trishakti Corps of the Indian Army conduct a training exercise involving the firing of anti-tank guided missiles (ATGMs) at a “super high-altitude area of 17,000 feet”?
    A) Arunachal Pradesh
    B) Himachal Pradesh
    C) Uttarakhand
    D) Sikkim
    E) None of the above
    View Answer
    Option D
    Explanation:

    The Indian Army’s Trishakti Corps conducted a training exercise involving the firing of anti-tank guided missiles (ATGMs) at a “super high-altitude area of 17,000 feet” in Sikkim.
  19. At the 2024 Asian Wrestling Championships held in Bishkek, who represented India and achieved the silver medal in the men’s 57kg freestyle final?
    A) Vicky
    B) Abhimanyou
    C) Udit
    D) Rahul
    E) None of the above
    View Answer
    Option C
    Explanation:

    Indian grappler Udit went down in a close match in the men’s 57kg freestyle final to win silver at the 2024 Asian Wrestling Championships in Bishkek. The country also won two bronze medals through Abhimanyou and Vicky in the men’s freestyle 70kg and 97kg categories respectively.
  20. Which defensive system did Israel utilize for the first time against a “suspicious” target that breached the country’s airspace near the southern city of Eilat?
    A) Iron Dome
    B) Arrow
    C) David’s Sling
    D) C-Dome
    E) None of the above
    View Answer
    Option D
    Explanation:

    Israel for the first time deployed its ship-mounted defence system, called the C-Dome, against a “suspicious” target that entered the country’s airspace near the southern city of Eilat, the military said.
  21. India Post Payments Bank (IPPB) facilitates cash withdrawals from the convenience of one’s home through which service?
    A) Aadhaar Enabled Payment System (AePS)
    B) Unified Payments Interface (UPI)
    C) Immediate Payment Service (IMPS)
    D) National Electronic Funds Transfer (NEFT)
    E) None of the above
    View Answer
    Option A
    Explanation:

    The Aadhaar Enabled Payment System (AePS) service offered by India Post Payments Bank (IPPB) enables cash withdrawals from the comfort of your home.
  22. To improve early detection and reduce mortality rates, researchers at which institution have developed a nanosensor capable of quickly detecting cytokines?
    A) Indian Institute of Technology, Delhi
    B) Indian Institute of Science, Bangalore
    C) Indian Institute of Technology, Jodhpur
    D) Indian Institute of Science Education and Research, Pune
    E) None of the above
    View Answer
    Option C
    Explanation:

    Researchers at the Indian Institute of Technology, Jodhpur have developed a nanosensor that helps in the quick detection of cytokines, a group of proteins that regulate various cells. This development aims to reduce the mortality rate occurring due to delayed diagnosis and a lack of early warnings.
  23. Who was honored as the South Asian Person of the Year by Harvard University, an Indian-American actor known for their role in ‘Mean Girls’?
    A) Priyanka Chopra
    B) Mindy Kaling
    C) Avantika Vandanapu
    D) Dev Patel
    E) None of the above
    View Answer
    Option C
    Explanation:

    Indian-American actor and ‘Mean Girls’ star Avantika Vandanapu was named the South Asian Person of the Year by Harvard University.
  24. Who has been unanimously elected as the new President of the Association of Summer Olympic International Federations (ASOIF) at the 48th ASOIF General Assembly held in Birmingham?
    A) Ingmar De Vos
    B) Thomas Bach
    C) Sepp Blatter
    D) Jacques Rogge
    E) None of the above
    View Answer
    Option A
    Explanation:

    Belgium’s Ingmar De Vos, who has served as the FEI President since 2014, has been elected unanimously as the new President of the Association of Summer Olympic International Federations (ASOIF). The election took place at the 48(th) ASOIF General Assembly held in Birmingham (GBR) during the SportAccord World Sport and Business Summit.
  25. According to recommendations from the Financial Services Institutions Bureau (FSIB), who is set to replace S Ramann as the Chairman and MD of Small Industries Development Bank of India (SIDBI), and who has been suggested to serve as the MD of National Housing Bank (NHB) with prior experience in Centrum Housing Finance and LIC Housing Finance?
    A) Manoj Mittal and S Ramann
    B) Sanjay Shukla and Manoj Mittal
    C) Sanjay Shukla and S Ramann
    D) Manoj Mittal and Sanjay Shukla
    E) None of the above
    View Answer
    Option D
    Explanation:

    The Financial Services Institutions Bureau (FSIB) has recommended Manoj Mittal as the Chairman and Managing Director of Small Industries Development Bank of India (SIDBI). Mittal will replace S Ramann, who joined SIDBI in April 2021.Besides FSIB has suggested name to Sanjay Shukla as the Managing Director of National Housing Bank (NHB).
  26. Who has been appointed as the Director of The National Judicial Academy (NJAC), Bhopal, by the Supreme Court, as announced by Chief Justice DY Chandrachud during a ceremonial bench conducted to honor the retiring justice?
    A) Justice Aniruddha Bose
    B) Justice Rohinton Fali Nariman
    C) Justice Arun Mishra
    D) Justice Indu Malhotra
    E) Justice Indira Banerjee
    View Answer
    Option A
    Explanation:

    The Supreme Court has appointed Justice Aniruddha Bose as the Director of The National Judicial Academy (NJAC), Bhopal. The Chief Justice, DY Chandrachud announced the decision of appointment during the ceremonial bench conducted honoring the retiring justice.
  27. Who signed an agreement to advance sustainable human exploration of the Moon, according to a collaboration between NASA and Japan’s Ministry of Education, Culture, Sports, Science and Technology (MEXT)?
    A) Bill Gates and Masayoshi Son
    B) Elon Musk and Shinzo Abe
    C) Bill Nelson and Masahito Moriyama
    D) Jeff Bezos and Yoshihide Suga
    E) None of the above
    View Answer
    Option C
    Explanation:

    NASA Administrator Bill Nelson and Japan’s Minister of Education, Culture, Sports, Science and Technology (MEXT) Masahito Moriyama have signed an agreement to advance sustainable human exploration of the Moon.

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