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Banking QuizCA Quizzes (English)

Current Affairs Quiz: April 17, 2024

  1. What is the name of the book authored by Shastri Ramachandran, challenging the conventional portrayal of India-China relations by presenting diverse perspectives and articles covering the period from 2008 to 2022?
    A) “Navigating the Indo-China Maze: Insights and Reflections”
    B) “India-China Dynamics: Breaking the Mold”
    C) “Beyond Binaries: The World of India and China”
    D) “Shifting Paradigms: Understanding India-China Relations”
    E) None of the above
    View Answer
    Option C
    Explanation:

    The book titled “Beyond Binaries: The World of India and China” written by Shastri Ramachandran has been released recently.Shastri captures both external and internal perspectives on these events between 2008 and 2022, and the book is a compilation of the various articles written during this period.
  2. Who is the author of the recently released book “Why We Die: The New Science of Aging and the Quest for Immortality”?
    A) Dr. Venkatraman Ramakrishnan
    B) Dr. Venki Ramakrishnan
    C) Dr. Virendra Ramakrishnan
    D) Dr. Vikramaditya Ramakrishnan
    E) None of the above
    View Answer
    Option B
    Explanation:

    The book titled “Why We Die: The New Science of Aging and the Quest for Immortality” written by Nobel Prize-winning scientist Venki Ramakrishnan has been released recently. The book was published by Hachette India/Hodder & Stoughton.
  3. Who are recognized as India’s youngest billionaires according to the Forbes Billionaires List 2024?
    A) Nithin and Nikhil Kamath
    B) Sachin and Binny Bansal
    C) Mukesh and Anil Ambani
    D) Renuka Jagtiani and Taylor Swift
    E) Both A and B
    View Answer
    Option E
    Explanation:

    Zerodha founders Nithin and Nikhil Kamath, and Flipkart founders Sachin and Binny Bansal are the youngest billionaires in India, according to the Forbes Billionaires List 2024.
  4. According to analysts at Morgan Stanley, why are interest rate cuts considered unlikely in India for fiscal year 2024/25?
    A) Due to a decline in India’s economic growth rate
    B) Because of the Indian government’s decision to prioritize fiscal consolidation over monetary policy adjustments
    C) As a result of increasing inflationary pressures in India
    D) Due to changes in the Federal Reserve’s policy path and robust growth in India
    E) None of the above
    View Answer
    Option D
    Explanation:

    Interest rate cuts in India are “off the table” in fiscal year 2024/25 given the change in the Federal Reserve’s policy path and strong growth in the South Asian nation, analysts at Morgan Stanley said. With India’s key policy rate expected to be steady at 6.5% in the financial year ending March 31, real rates should average 200 basis points (bps).
  5. In January 2023, who took over as the interim CEO of BharatPe following the resignation of Suhail Sameer, and has now been officially appointed as the Chief Executive Officer?
    A) Deepak Sharma
    B) Priya Patel
    C) Nalin Negi
    D) Rahul Gupta
    E) None of the above
    View Answer
    Option C
    Explanation:

    Fintech firm BharatPe said it has elevated its interim CEO and chief financial officer Nalin Negi as full-time chief executive officer. Negi was given charge of interim CEO in January 2023 after then CEO Suhail Sameer stepped down from the post.
  6. Following a major reorganization at Embattled Think and Learn Pvt Ltd, the parent company of Byju’s, who will be taking “a more hands-on approach in spearheading the daily operations” of the company?
    A) Arjun Mohan
    B) Byju Raveendran
    C) Roshni Nadar Malhotra
    D) Sundar Pichai
    E) Mukesh Ambani
    View Answer
    Option B
    Explanation:

    Embattled Think and Learn Pvt Ltd, the parent firm of Byju’s, announced a major reorganisation with Founder and Group CEO Byju Raveendran taking “a more hands-on approach in spearheading the daily operations” of the company.
  7. Who recently made history by becoming the first Indian cricketer to reach the milestone of 500 sixes in T20 cricket?
    A) Virat Kohli
    B) MS Dhoni
    C) Rohit Sharma
    D) Shikhar Dhawan
    E) None of the above
    View Answer
    Option C
    Explanation:

    India and Mumbai Indians star batter Rohit Sharma became the first Indian to smash 500 sixes in T20 cricket. With these sixes, Rohit’s six tally has gone up to 502 sixes. The ‘Hitman’ achieved this milestone during his side’s Indian Premier League match against Chennai Super Kings at Wankhede Stadium.
  8. Who released the book “The Law and Spirituality: Reconnecting the Bond,” edited by Professor Raman Mittal and Professor Seema Singh?
    A) The Prime Minister
    B) The President
    C) The Vice President
    D) The Chief Justice of India
    E) None of the above
    View Answer
    Option C
    Explanation:

    The book “Law and Spirituality: Reconnecting the Bond,” edited by Professor Raman Mittal and Professor Seema Singh has been released by the Vice President, Jagdeep Dhankhar.
  9. Which tribe in Arunachal Pradesh celebrates the Longte festival, known as one of their major cultural events?
    A) Adi Tribe
    B) Nyishi Tribe
    C) Galo Tribe
    D) Apatani Tribe
    E) None of the above
    View Answer
    Option B
    Explanation:

    The Nyishi tribe in Arunachal Pradesh enthusiastically celebrates the Longte festival, one of their biggest cultural events. Unlike many other tribal festivals, Longte prohibits the sacrifice of animals, instead adorning altars with decorative white feathers and bamboo decorations.
  10. In which scenic location in Uttar Pradesh can visitors now experience the state’s first glass skywalk bridge, designed to resemble Lord Rama’s bow and arrow, with a construction cost of Rs 3.70 crore?
    A) The tranquil forests of Dudhwa National Park
    B) The majestic Dudhwa Tiger Reserve
    C) The picturesque Tulsi (Shabari) waterfall in Chitrakoot
    D) The spiritual city of Varanasi
    E) None of the above
    View Answer
    Option C
    Explanation:

    The enchanting Tulsi (Shabari) waterfall in Chitrakoot is now home to the first glass skywalk bridge in Uttar Pradesh. The awe-inspiring bridge, fashioned to resemble Lord Rama’s bow and arrow, was constructed in the Kodand forest area at a cost of Rs 3.70 crore.
  11. What is the International Monetary Fund’s (IMF) revised Gross Domestic Product (GDP) growth projection for India for the financial year 2024-25?
    A) 6.0%
    B) 6.5%
    C) 6.8%
    D) 7.0%
    E) 7.2%
    View Answer
    Option C
    Explanation:

    The International Monetary Fund, IMF, raised India’s Gross Domestic Product (GDP) growth projection to 6.8 percent for the financial year (FY) 2024-25. In its update to the World Economic Outlook, the IMF has raised 30 basis points from its January forecast of 6.5 percent.
  12. Who recently showcased that age is just a number by winning medals in the National Powerlifting Championship despite being 50 years old?
    A) Ekta Vishnoi
    B) Priya Singh
    C) Anjali Sharma
    D) None of these
    E) Pooja Patel
    View Answer
    Option A
    Explanation:

    Usually, people start thinking about early retirement at the age of 50, Ekta Vishnoi, Deputy Director General at Sports Authority of India (SAI), a senior woman bureaucrat in Delhi has demonstrated that age is just a number when it comes to fitness and that excellence has no connection with how old you are.
  13. What is the estimated value of India’s overall exports for the financial year 2023-24, as announced by the Ministry of Commerce and Industry, surpassing the previous year’s highest record?
    A) $776.68 billion
    B) $776.40 billion
    C) $854.80 billion
    D) $4.81 billion
    E) None of the above
    View Answer
    Option A
    Explanation:

    India’s overall exports are estimated to reach 776.68 billion dollars in financial year 2023-24, surpassing last year’s highest record. The Ministry of Commerce and Industry said that the overall exports in the preceding financial year, 2022-23, was 776.40 Billion dollars.
  14. What significant addition has been made to the Double Taxation Avoidance Agreement (DTAA) between India and Mauritius through the signed protocol?
    A) Introduction of a new tax rate
    B) Inclusion of tax exemptions for certain industries
    C) Incorporation of the Principal Purpose Test (PPT)
    D) Amendment of the tax filing process
    E) None of the above
    View Answer
    Option C
    Explanation:

    India and Mauritius have signed the protocol amending their Double Taxation Avoidance Agreement (DTAA), which now incorporates the Principal Purpose Test ( PPT).
  15. Who has been appointed as the new Prime Minister of Kuwait by Kuwait’s Emir?
    A) Sheikh Mohammad Sabah Al-Salem Al-Sabah
    B) Sheikh Abdullah Al-Sabah
    C) Sheikh Ahmad Abdullah Al-Ahmad Al-Sabah
    D) Sheikh Khalid Al-Sabah
    E) None of the above
    View Answer
    Option C
    Explanation:

    Kuwait’s Emir has appointed Sheikh Ahmad Abdullah al-Ahmad al-Sabah as the new prime minister of Kuwait. This decision follows the resignation of former Prime Minister Sheikh Mohammad Sabah Al-Salem Al-Sabah.

  16. Which university has been honored with the Best Horticulture University Award by ‘Krishi Vyapaar Shikhar Sammelan and Puraskar Sanstha’?
    A) Indira Gandhi Agricultural University, Raipur
    B) Banaras Hindu University, Varanasi
    C) Maharana Pratap Horticultural University, Karnal
    D) Chaudhary Charan Singh Haryana Agricultural University, Hisar
    E) Maharaja Agrasen University, Bhopal
    View Answer
    Option C
    Explanation:

    Maharana Pratap Horticultural University (MHU), Karnal, has been honoured with the prestigious Best Horticulture University Award.
  17. Who organizes the Apricot Blossom Festival celebrated in different parts of Kargil and Leh districts in Ladakh?
    A) Ladakh Agriculture Department
    B) Kargil and Leh District Administrations
    C) Ladakh Tourism Department
    D) Ladakh Cultural Society
    E) None of the above
    View Answer
    Option C
    Explanation:

    The Apricot Blossom Festival is organized by the Ladakh Tourism Department. It is aimed at popularizing this local tradition by inviting outsiders to partake in the celebrations with music, shopping, games and dances.
  18. Which branch of the Indian Armed Forces did Squadron Leader (retd) Dalip Singh Majithia serve in, where he earned recognition as a “fearless aviator” before passing away at the age of 103?
    A) Indian Army
    B) Indian Navy
    C) Indian Air Force
    D) Indian Coast Guard
    E) None of the above
    View Answer
    Option C
    Explanation:

    Veteran air warrior Squadron Leader (retd) Dalip Singh Majithia, who joined the Indian Air Force during the tumultuous years of World War II and distinguished himself as a “fearless aviator” during his career, has died. He was 103.
  19. According to Fitch, which two banks recently had their long-term Issuer Default Ratings (IDR) affirmed at ‘BBB-‘, with a stable outlook? These banks were noted for exhibiting adequate capacity to fulfill their financial commitments despite variations in risk appetite and loan growth patterns.
    A) HDFC Bank and ICICI Bank
    B) Punjab National Bank and Bank of Baroda
    C) State Bank of India (SBI) and Canara Bank
    D) Axis Bank and Kotak Mahindra Bank
    E) None of the above
    View Answer
    Option C
    Explanation:

    the long-term Issuer Default Rating (IDR) of both State Bank of India (SBI) and Canara Bank at ‘BBB-‘ and said the outlook looks stable. Despite variations in risk appetite and loan growth patterns, both banks exhibit adequate capacity for fulfilling their financial commitments.
  20. Who has been appointed as the Brand Ambassador of SPACE India, a prominent organization, known for its commitment to education and social activism, particularly in the field of space education and exploration?
    A) Alia Bhatt
    B) Ranveer Singh
    C) Sanjana Sanghi
    D) Vicky Kaushal
    E) None of the above
    View Answer
    Option C
    Explanation:

    SPACE India has appointed Bollywood’s millennial star Sanjana Sanghi as its Brand Ambassador. Sanjana Sanghi is a rising young Bollywood star and UNDP Youth Champion. Her commitment to social activism and advocacy for education make her the ideal fit for this role at SPACE India and SPACE Arcade.
  21. According to the Airports Council International (ACI) report, what position did Delhi Airport (DEL) secure in the global ranking of busiest airports in 2023?
    A) 5th
    B) 10th
    C) 15th
    D) 20th
    E) 30th
    View Answer
    Option B
    Explanation:

    Delhi Airport (DEL) maintained its standing in the global top 10 busiest airports in 2023 handling over 72.2 million passengers, according to the latest ranking by the Airports Council International (ACI). IGI Airport has steadily climbed the ranks, from 17th in 2019 to 10th in 2023, showcasing consistent growth in passenger traffic over the years.

  22. Which of the following statements are true regarding the Memorandum of Understanding (MoU) signed by Small Industries Development Bank of India (SIDBI) and Women’s World Banking (WWB) with Jeevika, Bihar State Rural Livelihoods Mission (SRLM) and UMED, Maharashtra-SRLM?
    A) The MoU aims to extend the Prayaas scheme to SHG individual women through cluster level federations (CLFs).
    B) SIDBI collaborated with Kudumbashree (Kerala) and NRLM (National Rural Livelihoods Mission) for the implementation of the scheme.
    C) None of these are true
    D) The MoU focuses on providing microfinance support to small-scale industries in rural areas.
    E) The MoU primarily aims to improve agricultural practices in Bihar and Maharashtra.
    View Answer
    Option A
    Explanation:

    Small Industries Development Bank of India (SIDBI) in association with Women’s World Banking (WWB) inked an MoU with Jeevika, Bihar State Rural Livelihoods Mission (SRLM) and UMED, Maharashtra-SRLM to extend Prayaas scheme to SHG individual women through cluster level federations (CLFs).
  23. According to the United Nations Trade and Development (UNCTAD), what is the projected GDP growth rate for India in 2024?
    A) 6.7%
    B) 6.5%
    C) 7.0%
    D) 6.2%
    E) 7.5%
    View Answer
    Option B
    Explanation:

    The United Nations Trade and Development (UNCTAD) projected that Indian economy’s growth momentum will most likely decelerate in 2024 to 6.5% against the 6.7% growth recorded in the previous year.
  24. According to LinkedIn’s latest list of top companies to work for in India, which company secured the first position?
    A) Accenture
    B) Tata Consultancy Services (TCS)
    C) Cognizant
    D) Infosys
    E) None of the above
    View Answer
    Option B
    Explanation:

    Tata Consultancy Services has topped the LinkedIn’s latest list of top companies to work for in India, followed by Accenture and Cognizant in the second and third place respectively.

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