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Banking QuizCA Quizzes (English)

Current Affairs Quiz: April 13, 2024

  1. Which country has secured its position as the world’s fourth-largest exporter of digitally delivered services, contributing more than a fifth to the global trade in services, according to the recent Global Trade Outlook and Statistics report by the World Trade Organisation (WTO)?
    A) Germany
    B) China
    C) India
    D) United States
    E) None of the above
    View Answer
    Option C
    Explanation:

    India has secured its place as the world’s fourth-largest exporter of digitally delivered services, contributing more than a fifth to the global trade in services.As per the recent Global Trade Outlook and Statistics report by the World Trade Organisation (WTO), India’s exports of digitally delivered services reached $257 billion in 2023, marking a 17% increase compared to the previous year. This growth outpaced that of Germany and China, which saw 4% growth each.
  2. Which of the following statements accurately describes the recent development involving Revolut India and the Reserve Bank of India (RBI)?
    A) Revolut India has been granted a license by the Reserve Bank of India (RBI) to operate as a full-fledged bank in India.
    B) Revolut India has partnered with the Reserve Bank of India (RBI) to offer microfinance services in rural areas of India.
    C) Revolut India has received an in-principle authorization from the Reserve Bank of India (RBI) to issue Prepaid Payment Instruments (PPI), including prepaid cards and prepaid wallets, within the country.
    D) Revolut India has been granted permission by the Reserve Bank of India (RBI) to introduce cryptocurrency trading services to Indian customers.
    E) None of the above
    View Answer
    Option C
    Explanation:

    Revolut India said it has received an in-principle authorisation from the Reserve Bank of India (RBI) to issue Prepaid Payment Instruments (PPI) including prepaid cards and prepaid wallets in the country.
  3. Which of the following companies has received permission from the RBI to function as an online payment aggregator?
    A) HDFC Bank
    B) Amazon
    C) State Bank of India
    D) Computer Age Management Services Ltd (CAMS)
    E) None of the above
    View Answer
    Option D
    Explanation:

    Computer Age Management Services Ltd said the Reserve Bank of India (RBI) has granted authorisation to the company to operate as an online payment aggregator.
  4. Which of the following statements about Ashneer Grover’s new venture, ZeroPe, is true?
    A) ZeroPe is an app designed for educational loans.
    B) ZeroPe has been developed by First Unicorn.
    C) none of these
    D) ZeroPe collaborates with Mukut Finvest, an NBFC based in Mumbai.
    E) ZeroPe provides instant pre-approved medical loans of up to Rs 500,000
    View Answer
    Option E
    Explanation:

    BharatPe co-founder and former managing director Ashneer Grover is gearing up for a new venture in the fintech space with ZeroPe, an app designed for medical loans. ZeroPe, currently in its testing phase, has been developed by Third Unicorn, according to its Google PlayStore listing. The ZeroPe app is set to provide instant pre-approved medical loans of up to Rs 500,000 in collaboration with Delhi-based Non-Banking Financial Company (NBFC) Mukut Finvest.
  5. What percentage stake is The Bank of Tokyo-Mitsubishi UFJ (MUFG) acquiring in HDB Financial Services?
    A) 10%
    B) 15%
    C) 20%
    D) 25%
    E) 30%
    View Answer
    Option C
    Explanation:

    The Bank of Tokyo-Mitsubishi UFJ (MUFG) is getting ready to acquire a 20 per cent stake in HDB Financial Services, a non-banking subsidiary of HDFC Bank, at a valuation of $9-10 billion. The deal is expected to be finalised at the HDFC Bank board meeting next week.
  6. Citroën, the French automaker, recently exported 500 units of “Made in India” ë-C3 electric cars to which country, showcasing India’s emergence as a hub for electric vehicle manufacturing and exports?
    A) Thailand
    B) Indonesia
    C) Malaysia
    D) Singapore
    E) None of the above
    View Answer
    Option B
    Explanation:

    French automaker Citroën has achieved a significant milestone by becoming the first multinational car manufacturer in India to export locally manufactured electric vehicles (EVs) to international markets.Citroën commenced the export of 500 units of “Made in India” ë-C3 electric cars to Indonesia from Kamarajar Port near Chennai.
  7. What was the percentage of retail inflation in March, according to the Consumer Price Index, compared to the previous month?
    A) 5.09%
    B) 4.85%
    C) 8.66%
    D) 8.53%
    E) 4.60%
    View Answer
    Option B
    Explanation:

    Retail inflation in the country, gauged by the Consumer Price Index, eased to 4.85 per cent in March from 5.09 per cent the previous month, official data showed. Food inflation, measured by the CPI Food index, also cooled, coming in at 8.52 per cent last month as against 8.66 per cent in February.

  8. Which sector primarily contributed to India’s industrial production growth of 5.7% in February 2024?
    A) Agriculture
    B) Mining
    C) Information Technology
    D) Healthcare
    E) None of the above
    View Answer
    Option B
    Explanation:

    India’s industrial production growth accelerated to a four-month high of 5.7 per cent in February 2024, mainly due to the good performance of the mining sector, according to official data released.
  9. According to Moody’s Analytics, what is the projected growth rate for India’s economy in 2024?
    A) 7.7%
    B) 6.1%
    C) 3.8%
    D) 2.5%
    E) None of the above
    View Answer
    Option B
    Explanation:

    Moody’s Analytics projected India’s economy to expand 6.1% in 2024, lower than 7.7% growth clocked in 2023.
  10. What was the value of India’s foreign exchange reserves in the week ended April 5th, according to the latest data published by the central bank?
    A) $648.56 billion
    B) $645.58 billion
    C) $650.00 billion
    D) $656.00 billion
    E) None of the above
    View Answer
    Option A
    Explanation:

    India’s foreign exchange reserves touched a fresh record high of $648.56 billion in the week ended April 5th, topping the previous high of $645.58 billion, latest data published by the central bank showed.
  11. According to the Confederation of Indian Industry (CII) president R Dinesh, what are the key focus areas for the new government to spur private investment and achieve growth?
    A) Agriculture, healthcare, and technology reforms
    B) Land, labour, and manufacturing reforms
    C) Infrastructure, tourism, and education reforms
    D) Energy, finance, and telecommunications reforms
    E) None of the above
    View Answer
    Option B
    Explanation:

    India’s economy is poised to achieve 8-9% growth, Confederation of Indian Industry (CII) president R Dinesh told, highlighting land, labour and manufacturing reforms as the key focus areas for the new government, which he said will also spur private investment.
  12. Which regulatory approval did Hinduja Group-owned Asia Enterprises receive regarding Reliance Wealth Management?
    A) RBI
    B) IRDAI
    C) SEBI
    D) Ministry of Finance
    E) None of the above
    View Answer
    Option C
    Explanation:

    Hinduja Group-owned Asia Enterprises has received SEBI’s approval for taking control of Reliance Wealth Management. The approvals were received under SEBI’s regulations governing investment advisers and portfolio managers, respectively.
  13. Adani Green Energy Limited is constructing the world’s largest renewable energy park in Khavda, Gujarat. What will be the capacity of this renewable energy plant upon completion?
    A) 20 GW
    B) 25 GW
    C) 30 GW
    D) 35 GW
    E) None of the above
    View Answer
    Option C
    Explanation:

    Adani Green Energy Limited is developing a 30 GW renewable energy plant on barren land at Khavda in Kutch of Gujarat over an area of 538 sq km after which it would become the planet’s largest power plant regardless of the energy source.
  14. How much investment did the National Investment and Infrastructure Fund (NIIF) announce in digital infrastructure player Ibus Network and Infrastructure?
    A) USD 100 million
    B) USD 150 million
    C) USD 200 million
    D) None of the above
    E) USD 250 million
    View Answer
    Option C
    Explanation:

    The National Investment and Infrastructure Fund (NIIF) announced a USD 200 million (about Rs 1,660 crore) investment in digital infrastructure player Ibus Network and Infrastructure.
  15. Who is set to become the first Indian pilot to embark on space tourism with Jeff Bezos’s Blue Origin New Shepard -25 (NS-25) mission?
    A) Elon Musk
    B) Richard Branson
    C) None of these
    D) Gopichand Thotakura
    E) Tim Cook
    View Answer
    Option D
    Explanation:

    Gopichand Thotakura, an entrepreneur and pilot, has been selected as one of the six crew members for Jeff Bezos’s Blue Origin New Shepard -25 (NS-25) mission.
  16. Who has been appointed as a Member of the University Grants Commission (UGC) for three years?
    A) Sachidananda Mohanty
    B) Ramesh Singh
    C) Manoj Kumar Jha
    D) None of these
    E) Vijay Kumar Chaudhary
    View Answer
    Option A
    Explanation:

    Sachidananda Mohanty, former Professor and Head of the Department of English, University of Hyderabad and former Vice­ Chancellor of Central University of Odisha, has been appointed as Member, University Grants Commission (UGC) for three years with immediate effect.
  17. Who has been appointed as the first woman British High Commissioner to India by the United Kingdom?
    A) Lindy Cameron
    B) Sarah Johnson
    C) Emily Thompson
    D) None of these
    E) Olivia White
    View Answer
    Option A
    Explanation:

    The United Kingdom appointed Lindy Cameron as the first woman British High Commissioner to India.

  18. Who announced their resignation as India’s chef-de-mission for the 2024 Paris Olympics due to personal reasons?
    A) M C Mary Kom
    B) Sushil Kumar
    C) P V Sindhu
    D) Abhinav Bindra
    E) None of the above
    View Answer
    Option A
    Explanation:

    Six-time world champion boxer M C Mary Kom stepped down as India’s chef-de-mission for the upcoming Paris Olympics, saying she is “left with no choice” due to some personal reasons.
  19. Who became the first Indian monk to be honored with the American President’s Gold Volunteer Service award for his contribution to the public good and humanity?
    A) Swami Vivekananda
    B) Jain Acharya Lokesh Muni
    C) Sri Sri Ravi Shankar
    D) Sadhguru
    E) None of the above
    View Answer
    Option B
    Explanation:

    Jain Acharya Lokesh Muni has become the first Indian monk to be honoured with the American President’s Gold Volunteer Service award in recognition of his contribution to the public good and humanity.
  20. Which space rocket did Russia successfully test-launch for the first time from the Vostochny Cosmodrome in the Far East?
    A) Angara-A3
    B) Soyuz-2
    C) Proton-M
    D) Angara-A5
    E) None of the above
    View Answer
    Option D
    Explanation:

    Russia tested its Angara-A5 space rocket for the first time. This test-launch was done from Vostochny Cosmodrome in the Far East. Earlier, two launches of Angara rocket on April 9 and 10 were cancelled at the last minute.However, this is Russia’s third test which was successful.
  21. According to ISRO chief S Somnath, what significant milestone does India aim to achieve in lunar exploration by 2040 as part of the Chandrayaan project?
    A) Establishing a lunar research station by 2040
    B) Sending a human mission to Mars by 2040
    C) Landing an Indian astronaut on the moon by 2040
    D) Establishing a permanent lunar habitat by 2040
    E) None of the above
    View Answer
    Option C
    Explanation:

    Indian Space Research Organisation (ISRO) chief S Somnath that the upcoming phase of the Chandrayaan project is in progress, aiming to advance India’s lunar exploration efforts.He indicated that Chandrayaan-4 marks the initial stride towards India’s aspiration of landing an astronaut on the moon by 2040.

  22. Who, at the age of 76, known for his roles as a football superstar and Hollywood actor, and his involvement in a widely publicized legal case concerning the deaths of his former wife and her friend, has recently passed away?
    A) Tom Brady
    B) Peyton Manning
    C) O.J. Simpson
    D) Brett Favre
    E) None of the above
    View Answer
    Option C
    Explanation:

    O.J. Simpson, the decorated football superstar and Hollywood actor who was acquitted of charges he killed his former wife and her friend but later found liable in a separate civil trial, has died. He was 76.
  23. Which South Korean singer, known for her soulful vocals and significant contributions to popular K-drama soundtracks, recently passed away at the age of 30?
    A) Park Shin-hye
    B) IU (Lee Ji-eun)
    C) Park Bo Ram
    D) Lee Hi
    E) None of the above
    View Answer
    Option C
    Explanation:

    South Korean singer Park Bo Ram, known for her soulful vocals and memorable contributions to popular K-drama soundtracks, died at the age of 30, leaving her fans and the entertainment industry heartbroken.
  24. Who was the former New Zealand legspinner who passed away at the age of 93 in Cromwell, U.K.?
    A) Jack Alabaster
    B) Shane Warne
    C) Daniel Vettori
    D) Anil Kumble
    E) None of the above
    View Answer
    Option A
    Explanation:

    Former New Zealand legspinner Jack Alabaster passed away at the age of 93 in Cromwell, U.K.

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