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Banking QuizCA Quizzes (English)

Current Affairs Quiz: April 18, 2024

  1. Which of the following digital technology platforms ranked as the most counterfeited brand in phishing attacks in the first quarter of 2024, according to Check Point Research?
    A) Apple
    B) LinkedIn
    C) Google
    D) DHL
    E) Microsoft
    View Answer
    Option E
    Explanation:

    Microsoft and Google, the leading digital technology platforms globally, have been the most counterfeited brands in the first quarter of 2024, according to Check Point Research’s brand phishing ranking. It reports that Microsoft remains the most counterfeited brand in phishing attacks at 38 per cent. Microsoft was followed by Google, LinkedIn, Apple and DHL.
  2. Which cricket stadium in Himachal Pradesh has become the first in India to install a ‘hybrid pitch’ according to recent reports?
    A) Mohali Cricket Stadium
    B) Wankhede Stadium
    C) Eden Gardens
    D) Dharamsala Stadium
    E) None of the above
    View Answer
    Option D
    Explanation:

    Himachal’s Dharamsala Stadium will get India’s first ‘hybrid pitch’.The picturesque Himachal Pradesh Cricket Association (HPCA) stadium has become the first BCCI-accredited venue to install a state-of-the-art ‘hybrid pitch’ and future international and IPL matches will be held on this track.
  3. Which prestigious community has Adwaita Nayar, the co-founder of Nykaa and CEO of Nykaa Fashion, been inducted into as part of the Class of 2024?
    A) Forbes 30 Under 30
    B) Young Global Leaders Community
    C) Fortune’s 40 Under 40
    D) Time’s 100 Next
    E) None of the above
    View Answer
    Option B
    Explanation:

    Adwaita Nayar, the co-founder of Nykaa and CEO of Nykaa Fashion, has been inducted into the esteemed World Economic Forum’s Young Global Leaders Community as part of the Class of 2024.This prestigious recognition highlights Nayar’s remarkable achievements as a change-maker and entrepreneur, solidifying her place among the most influential young leaders in the world.
  4. Which regulatory body has directed payment aggregators to conduct due diligence of merchants on boarded to regulate the payment ecosystem?
    A) SEBI (Securities and Exchange Board of India)
    B) RBI (Reserve Bank of India)
    C) IRDAI (Insurance Regulatory and Development Authority of India)
    D) FSSAI (Food Safety and Standards Authority of India)
    E) None of the above
    View Answer
    Option B
    Explanation:

    The Reserve Bank of India directed all payment aggregators to undertake due diligence of merchants on boarded as per RBI’s norms, to regulate the payment ecosystem.
  5. What is the notable achievement of Sany India, a construction and mining equipment manufacturer?
    A) Introducing the first fully electric indigenous open-cast mining truck
    B) Building the largest mining excavator in Asia
    C) Developing the world’s deepest mining drill
    D) Designing the fastest underground mining vehicle
    E) None of the above
    View Answer
    Option A
    Explanation:

    Sany India, a construction and mining equipment manufacturer, has introduced the SKT105E Electric Dump Truck, the first fully electric open cast mining truck.
  6. Which government initiative mandates the compulsory linking of Central Government Health Services (CGHS) beneficiary ID with Ayushman Bharat Health Account (ABHA) ID?
    A) National Health Mission
    B) Pradhan Mantri Jan Arogya Yojana (PMJAY)
    C) Ayushman Bharat Digital Mission (ABDM)
    D) Rashtriya Swasthya Bima Yojana (RSBY)
    E) None of the above
    View Answer
    Option C
    Explanation:

    The Ministry of Health and Family Welfare has mandated the compulsory linking of Central Government Health Services (CGHS) beneficiary ID with Ayushman Bharat Health Account (ABHA) ID in a move to integrate various government health schemes under the Ayushman Bharat Digital Mission (ABDM), according to an office memorandum signed by Manoj Goel, Director, CGHS.
  7. Which organization has achieved a breakthrough in rocket engine technology by developing a lightweight Carbon-Carbon (C-C) nozzle for rocket engines, thereby enhancing payload capacity?
    A) NASA
    B) ESA (European Space Agency)
    C) ISRO (Indian Space Research Organisation)
    D) Roscosmos (Russian Space Corporation)
    E) None of the above
    View Answer
    Option C
    Explanation:

    ISRO said it has achieved a breakthrough in rocket engine technology with the development of a lightweight Carbon-Carbon (C-C) nozzle for rocket engines, enhancing payload capacity.
  8. What innovative platform has SBI Life Insurance recently launched to encourage young minds from B-Schools to innovate life insurance solutions?
    A) IdeationX
    B) InnovationX
    C) LifeX
    D) InsuranceX
    E) None of the above
    View Answer
    Option A
    Explanation:

    SBI Life Insurance, one of the most trusted private life insurance companies in the country, launched the 1st edition of ‘IdeationX’, a pioneering initiative that promises to revolutionize the future of the insurance industry.
  9. By what percentage did deposits of senior citizens increase over the course of 5 years, as per the SBI report?
    A) 100%
    B) 120%
    C) 130%
    D) 150%
    E) None of the above
    View Answer
    Option D
    Explanation:

    Senior citizens are proving to be a great source of stable deposits for the banking system. The attraction of 50 basis points additional interest rate and higher deposit insurance cover ensures that the golden-agers don’t leave the safety of bank deposits for lucrative returns offered by non-convertible debentures issued by companies. senior citizens’ aggregate deposits shot up about 150 per cent to ₹34.367 lakh crore as of December-end 2023 from ₹13.724 lakh crore in 2018.

  10. What directive did the Reserve Bank of India (RBI) Governor issue to banks and other financial sector entities recently?
    A) To increase interest rates on loans
    B) To prioritize governance and adhere to rules
    C) To decrease liquidity in the market
    D) To relax regulations on lending practices
    E) None of the above
    View Answer
    Option B
    Explanation:

    The Reserve Bank of India (RBI) Governor directed banks and other players in the financial sector to prioritise governance and adhere to rules weeks after placing restrictions on two finance companies and a payment bank for violating regulations.
  11. What business venture does Jio Financial Services, led by Mukesh Ambani, plan to undertake in collaboration with US-based BlackRock?
    A) Real estate development
    B) Telecommunications infrastructure
    C) Stockbroking and wealth management
    D) Renewable energy production
    E) None of the above
    View Answer
    Option C
    Explanation:

    Jio Financial Services, led by Mukesh Ambani, plans to venture into the stockbroking and wealth management business through an equal joint venture (JV) with US-based BlackRock. The world’s largest asset manager is also Jio’s partner in establishing an asset management business in India.
  12. Which prestigious educational institution in India recently pioneered the establishment of the country’s inaugural medical devices calibration facility on wheels?
    A) Indian Institute of Science (IISc), Bengaluru
    B) Indian Institute of Technology (IIT) Bombay
    C) Indian Institute of Technology (IIT) Madras
    D) All India Institute of Medical Sciences (AIIMS), New Delhi
    E) None of the above
    View Answer
    Option C
    Explanation:

    Indian Institute of Technology (IIT) Madras launched India’s first medical devices calibration facility on wheels
  13. Who will chair the six-member committee formed by the Ministry of Law and Justice to address issues related to the queer community in India?
    A) Minister of Law and Justice
    B) Prime Minister of India
    C) Cabinet Secretary
    D) Chief Justice of India
    E) None of the above
    View Answer
    Option C
    Explanation:

    The Ministry of Law and Justice notified a six-member committee to address issues related to the queer community. The committee, to be headed by the Cabinet Secretary Rajiv Gauba, will suggest measures to ensure that the queer community does not encounter any discrimination in accessing goods and services, social welfare schemes, or face threat of violence among others.
  14. In which Indian state did the Indian Army’s Trishakti Corps 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) Sikkim
    C) Himachal Pradesh
    D) Jammu and Kashmir
    E) None of the above
    View Answer
    Option B
    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.
  15. What is the estimated population of India according to the recent report by the United Nations Population Fund (UNFPA)?
    A) 1.21 billion
    B) 1.35 billion
    C) 1.44 billion
    D) 1.55 billion
    E) None of the above
    View Answer
    Option C
    Explanation:

    India’s population is estimated to have reached 1.44 billion, with 24 per cent in the 0-14 age bracket, according to a recent report by the UNFPA.
  16. Which country has become the first in the world to introduce the new Men5CV vaccine against meningitis, as announced by the World Health Organization (WHO)?
    A) India
    B) Nigeria
    C) Brazil
    D) South Africa
    E) None of the above
    View Answer
    Option B
    Explanation:

    Nigeria has become the first country in the world to roll out the “revolutionary” new Men5CV vaccine against meningitis, the World Health Organization (WHO) said.
  17. According to the India Employment Outlook 2030 report by Observer Research Foundation (ORF), what is the projected decline in India’s unemployment rate by 2028?
    A) 97 basis points
    B) 47 basis points
    C) 68 basis points
    D) 3.68%
    E) None of the above
    View Answer
    Option A
    Explanation:

    India’s unemployment rate is likely to decline by as much as 97 basis points by 2028 as the country’s economy hits the USD 5 trillion mark, fuelling a rise in employment, the India Employment Outlook 2030 report by thinktank Observer Research Foundation (ORF) said.
  18. According to the industry body PHDCCI, what is the estimated growth rate of India’s economy for the current fiscal year (FY25)?
    A) 7-7.5%
    B) 9-9.5%
    C) 5.5-6%
    D) None of these
    E) 8-8.3%
    View Answer
    Option E
    Explanation:

    India’s economy is estimated to grow at 8-8.3 per cent in the current fiscal, industry body PHDCCI said. The country’s GDP will grow at an average of 6.7 per cent over the next 23 years to become a $34.7 trillion economy by 2047, with a per capita income of $21,000, it added.
  19. In which Indian state is the Defence Research and Development Organisation (DRDO) implementing a project to build a small test centre for the country’s weapon systems?
    A) Maharashtra
    B) West Bengal
    C) Karnataka
    D) Tamil Nadu
    E) None of the above
    View Answer
    Option B
    Explanation:

    The Defence Research and Development Organisation (DRDO) has started implementing a project in Junput village in West Bengal to build a small test centre for the country’s weapon systems, officials said.
  20. What was the revenue recorded by Hindustan Aeronautics Limited (HAL) for the financial year ended on March 31, 2024?
    A) Rs 26,928 crore
    B) Rs 29,810 crore
    C) Rs 30,000 crore
    D) Rs 25,000 crore
    E) None of the above
    View Answer
    Option B
    Explanation:

    Hindustan Aeronautics Limited (HAL) recorded the highest-ever revenue from operations of over ₹29,810 crore (provisional and unaudited) for the financial year ended on March 31, 2024. The corresponding figure for the previous year was ₹26,928 crore.
  21. What is the name of the premier testing and evaluation hub for sonar systems for the Indian Navy, recently inaugurated by DRDO in Kerala?
    A) Submersible Platform for Acoustic Characterisation and Evaluation (SPACE)
    B) Underwater Acoustic Research Facility (UARF)
    C) Kulamavu Research and Testing Centre (KRTC)
    D) Kerala Naval Sonar Testing Facility (KNSTF)
    E) None of the above
    View Answer
    Option A
    Explanation:

    A state-of-the-art Submersible Platform for Acoustic Characterisation and Evaluation (SPACE) was inaugurated by Secretary, Department of Defence (R&D) and Chairman DRDO Dr Samir V Kamat at Underwater Acoustic Research Facility, Kulamavu in Idukki, Kerala.
  22. Which Indian-origin actor was included in TIME magazine’s list of the “100 Most Influential People of 2024”?
    A) Sakshi Malik
    B) Dev Patel
    C) Alia Bhatt
    D) None of these
    E) Satya Nadella
    View Answer
    Option B
    Explanation:

    Olympic medallist Sakshi Malik, Indian-origin actor Dev Patel, actor Alia Bhatt, Microsoft CEO Satya Nadella, and World Bank President Ajay Banga were among the notable Indians included in TIME magazine’s esteemed list of the 100 most influential people in the world.
  23. Who were named as the Wisden Leading Cricketers in the World in the 2024 edition of Wisden Cricketers’ Almanack?
    A) Pat Cummins and Steve Smith
    B) Joe Root and Nat Sciver
    C) Pat Cummins and Nat Sciver-Brunt
    D) None of these
    E) Pat Cummins and Meg Lanning
    View Answer
    Option C
    Explanation:

    Australian skipper Pat Cummins and England all-rounder Nat Sciver-Brunt have been named as the Wisden Leading Cricketers in the World in the 2024 edition of Wisden Cricketers’ Almanck, published.
  24. Which tech giant has partnered with CleanMax, a leading renewable energy company, to accelerate the adoption of renewable energy solutions across India?
    A) Google
    B) Microsoft
    C) Amazon
    D) Apple
    E) None of the above
    View Answer
    Option D
    Explanation:

    a move towards sustainable energy practices, CleanMax, a leading renewable energy company, announced its partnership with tech giant Apple. The collaboration aims to accelerate the adoption of renewable energy solutions across India.
  25. What recent amendment has the Government notified under the Foreign Exchange Management Act regarding the space sector?
    A) Allowing 100% FDI for the space sector
    B) Restricting FDI in the space sector to 50%
    C) Banning FDI in the space sector
    D) Introducing tax incentives for investments in the space sector
    E) None of the above
    View Answer
    Option A
    Explanation:

    The Government has notified amended rules under the Foreign Exchange Management Act to operationalise its decision to allow up to 100 per cent FDI for the space sector.

  26. Where was the 13th European Girls’ Mathematical Olympiad (EGMO) 2024 held, where the Indian team won 2 Silver and 2 Bronze medals?
    A) Chennai, India
    B) Tskaltubo, Georgia
    C) None of these
    D) Gurgaon, India
    E) Thiruvananthapuram, India
    View Answer
    Option B
    Explanation:

    Indian team has secured 2 Silver and 2 Bronze medals in the 13th European Girls’ Mathematical Olympiad (EGMO) 2024. This Olympiad was held in Tskaltubo, Georgia from April 11 – 17, 2024.

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