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Banking QuizCA Quizzes (English)

Current Affairs Quiz: April 2, 2024

  1. What percentage of stake did private equity major Warburg Pincus sell in private sector lender IDFC First Bank recently?
    A) 2.25%
    B) 1.75%
    C) 3.00%
    D) 2.50%
    E) None of the above
    View Answer
    Option A
    Explanation:

    Private equity major Warburg Pincus sold its entire 2.25 per cent stake in private sector lender IDFC First Bank for Rs 1,195 crore through an open market transaction.
  2. Which Indian brokerage has secured shareholders’ approval for delisting its stock in order to merge with its parent and majority shareholder, ICICI Bank?
    A) HDFC Securities
    B) Kotak Securities
    C) Axis Securities
    D) ICICI Securities
    E) None of the above
    View Answer
    Option D
    Explanation:

    India’s ICICI Securities has secured shareholders’ nod to delist its stock, the brokerage said, paving the way to merge with parent and majority shareholder ICICI Bank.
  3. Which entity invested EUR 25 million (approximately ₹220 crore) in long-term financing in AMPIN Energy Transitions?
    A) European Investment Bank
    B) Development Bank of Austria (OeEB)
    C) Asian Development Bank
    D) International Finance Corporation
    E) None of the above
    View Answer
    Option B
    Explanation:

    AMPIN Energy Transitions said it received an investment from OeEB, the Development Bank of Austria, for EUR 25 million (around ₹220 crore) in long-term financing.
  4. What is the new name of L&T Finance Holdings (LTFH) following approval from the Registrar of Companies (RoC)?
    A) L&T Financial Services
    B) L&T Finance Ltd
    C) L&T Financial Holdings
    D) L&T Financial Solutions
    E) L&T Finance Group
    View Answer
    Option B
    Explanation:

    The name of L&T Finance Holdings (LTFH) has been changed to L&T Finance Ltd following approval from the Registrar of Companies (RoC), the company said.
  5. Who, securing the lone gold medal for Team India in the youth men’s category at the Youth Boxing World Cup 2024 in Budva, Montenegro, contributed to India’s total tally of 26 medals, where they finished as runners-up with five gold, nine silver, and 12 bronze medals?
    A) Brajesh Tamta
    B) Nikita Chand
    C) Youth Women’s 50kg gold medalist
    D) Best Boxer of the tournament
    E) None of the above
    View Answer
    Option A
    Explanation:

    Team India have ended their Youth Boxing World Cup 2024 campaign in Budva, Montenegro, with 26 medals. They finished as the runners-up in the competition, having won five gold medals, nine silver medals, and 12 bronze medals.Brajesh Tamta secured the lone gold medal for India in the youth men’s category.
    The young Indian pugilist competed in the 48kg category and brought glory.Youth Women’s 50kg gold medalist Nikita Chand was also adjudged as the ‘Best Boxer’ of the Youth Boxing World Cup 2024.
  6. Which upcoming Hindi film, directed by Sam Bhattacharjee and revolving around the subject of Artificial Intelligence (AI), recently had its trailer and song launch event in Mumbai?
    A) “IRAH”
    B) Rohit Bose Roy
    C) Rajesh Sharma
    D) Karishma Kotak
    E) None of the above
    View Answer
    Option A
    Explanation:

    In recent days the spotlight has shone brightly on Artificial Intelligence (AI) as the trailer and song launch event of the first Hindi film on this subject, “IRAH,” unfolded in Mumbai. The movie boasts a stellar cast including Rohit Bose Roy, Rajesh Sharma, Karishma Kotak and Rakshith Bhandarry in prominent roles.Produced by Big Films Media and directed by Sam Bhattacharjee.
  7. Which tech giants are reportedly collaborating on a groundbreaking data center project to develop an artificial intelligence supercomputer named “Stargate” by 2028?
    A) Microsoft and Google
    B) Amazon and OpenAI
    C) Microsoft and OpenAI
    D) Apple and Facebook
    E) None of the above
    View Answer
    Option C
    Explanation:

    A collaboration between tech giants Microsoft and OpenAI is reportedly underway, with plans for a groundbreaking data center project that could see the emergence of an artificial intelligence supercomputer named “Stargate” by 2028.
  8. Who has been appointed as the new President of Jawaharlal Nehru University Teachers Association (JNUTA) for the term 2024-2025?
    A) Moushumi Basu
    B) Meenakshi Sundriyal
    C) Pradeep K Shinde
    D) Syed Akhtar Husain
    E) None of the above
    View Answer
    Option A
    Explanation:

    The Jawaharlal Nehru University Teachers Association (JNUTA) appointed Moushumi Basu as new President of JNU Teachers Association for 2024-2025, according to a statement.The teachers’ body has appointed Meenakshi Sundriyal and Pradeep K Shinde as vice-presidents.
  9. Who recently assumed the role of the 41st National president of FICCI Ladies Organisation (FLO) for the term 2024-2025?
    A) Joyshree Das Verma
    B) Meenakshi Sundriyal
    C) None of these
    D) Pradeep K Shinde
    E) Syed Akhtar Husain
    View Answer
    Option A
    Explanation:

    Joyshree Das Verma took over as the 41st National president of FICCI Ladies Organisation (FLO), the oldest women-led and women-centric business chamber of South East Asia for 2024-25.
  10. Who was awarded the ‘International Culture Award’ for the year 2024 for her outstanding contributions to education and social service?
    A) Ritu Singh
    B) Meena Charanda
    C) Dr. Priya Sharma
    D) Priya Verma
    E) Neha Gupta
    View Answer
    Option B
    Explanation:

    Professor Meena Charanda, Principal of Kalindi College, Delhi University, was given the ‘International Culture Award’ for the year 2024. Prof. Meena Charanda has been given this honor for her remarkable work in the field of education and social service. Prof. Charanda was presented with this honor at a program at the India International Center.
  11. Who has been awarded the Lifetime Achievement award for the year 2023 by the jury of the exchange4media News Broadcasting Awards (ENBA) for his “immeasurable contributions to the Indian television news landscape”?
    A) Vineet Jain
    B) Ritu Singh
    C) Priya Verma
    D) None of these
    E) Neha Gupta

    View Answer
    Option A
    Explanation:

    Times Group managing director Vineet Jain has been awarded the Lifetime Achievement award 2023 by the jury of the exchange4media News Broadcasting Awards (ENBA) in recognition of his “immeasurable contributions to the Indian television news landscape.”
  12. Which famous product, among over 60 others, was recently granted the Geographical Indication (GI) tag in India?
    A) Darjeeling Tea
    B) Banaras Thandai
    C) Alphonso Mango
    D) Kanchipuram Silk Saree
    E) None of the above
    View Answer
    Option B
    Explanation:

    Over 60 products from across India, including the famous Banaras Thandai, have been given the Geographical Indication (GI) tag. This is the first time such a large number of GI tags have been given at a go, a senior official from the Geographical Indications registry said.
  13. Which payment system in India set a new record for both the volume and value of transactions in March 2024, with transactions worth ₹19.78 lakh crore processed during march 2024?
    A) National Electronic Funds Transfer (NEFT)
    B) Unified Payments Interface (UPI)
    C) Immediate Payment Service (IMPS)
    D) Real Time Gross Settlement (RTGS)
    E) None of the above
    View Answer
    Option B
    Explanation:

    The Unified Payments Interface (UPI) ended FY24 on a strong high, setting new records for both the volume and value of transactions undertaken during March 2024.Transactions worth ₹19.78 lakh crore were processed during March 2024, higher than the previous record of ₹18.41 lakh crore set in January 2024.
  14. Who has been appointed as the managing director (MD) and chief executive officer (CEO) of Axis Capital?
    A) Atul Mehra
    B) Chirag Negandhi
    C) Salil Pitale
    D) JM Financial
    E) None of the above
    View Answer
    Option A
    Explanation:

    Axis Capital has appointed Atul Mehra as the managing director (MD) and chief executive officer (CEO). The appointment is subject to receipt of requisite approvals. Mehra, who was formerly with JM Financial, will oversee both the investment banking and institutional equities businesses of Axis Capital.
  15. Which tennis player is on the verge of making history by potentially becoming the oldest World No. 1 in ATP Rankings, surpassing Roger Federer’s record?
    A) Rafael Nadal
    B) Novak Djokovic
    C) None of the above
    D) Roger Federer
    E) Andy Murray
    View Answer
    Option B
    Explanation:

    The 24-time Grand Slam champion Novak Djokovic continued to set records on the ATP Tour as he began the week ranked 419th as World No.1. The Serbian icon is on the verge of making history by becoming the oldest World No. 1 ever, surpassing Roger Federer’s record as the oldest No. 1 in ATP Rankings, when he will be 36 years and 321 days old.
  16. Who has recently assumed charge as the Principal Director General of the Press Information Bureau (PIB)?
    A) Sheyphali B. Sharan
    B) Manish Desai
    C) Rajesh Kumar
    D) Neha Singh
    E) None of the above
    View Answer
    Option A
    Explanation:

    Ms Sheyphali B. Sharan has assumed charge as the Principal Director General, Press Information Bureau upon superannuation of Manish Desai.
  17. Which company became the first Indian company to receive the Aluminium Stewardship Initiative (ASI) Performance Standard V3 Certification?
    A) Vedanta Aluminium
    B) Hindalco Industries Limited
    C) Bharat Aluminium Company Limited (BALCO)
    D) National Aluminium Company Limited (NALCO)
    E) None of the above
    View Answer
    Option C
    Explanation:

    Bharat Aluminium Company Limited (BALCO), a unit of Vedanta Aluminium, became the first Indian company to receive the Aluminium Stewardship Initiative (ASI) Performance Standard V3 Certification.
  18. Which organization, under the Ministry of Power, won the SKOCH ESG Award 2024 in the ‘Renewable Energy Financing’ category?
    A) Power Grid Corporation of India Limited (PGCIL)
    B) NTPC Limited
    C) Rural Electrification Corporation Limited (REC)
    D) National Thermal Power Corporation Limited (NTPC)
    E) None of the above
    View Answer
    Option C
    Explanation:

    REC Limited under the Ministry of Power won the SKOCH ESG Award 2024 in the ‘Renewable Energy Financing’ category. This award recognizes REC’s commitment to sustainable financing, which is paving the way for a greener future and accelerating the transition to renewable energy.
  19. Where was the Nepal-India International Sanskrit Conclave organized to promote research and education of the Sanskrit language?
    A) New Delhi, India
    B) Varanasi, India
    C) Kathmandu, Nepal
    D) Mumbai, India
    E) None of the above
    View Answer
    Option C
    Explanation:

    The Indian and Nepalese Sanskrit scholars have agreed to work jointly to promote research and education of the Sanskrit language. This was decided at the end of the three-day Nepal-India International Sanskrit Conclave organised in the Nepalese capital, Kathmandu.
  20. With which organization has Hindustan Aeronautics Ltd (HAL) signed a contract for the supply of LM2500 gas turbines and GT Auxiliaries for the Indian Navy’s Next Generation Missile Vessel (NGMV) project?
    A) Garden Reach Shipbuilders & Engineers (GRSE), Kolkata
    B) Mazagon Dock Shipbuilders Limited (MDL), Mumbai
    C) Cochin Shipyard Limited (CSL), Kochi
    D) Bharat Electronics Limited (BEL), Bengaluru
    E) None of the above
    View Answer
    Option C
    Explanation:

    Hindustan Aeronautics Ltd has signed a contract with Cochin Shipyard Limited (CSL), Kochi, for the supply of six sets of LM2500 gas turbines (GT) and GT Auxiliaries (GTAE), spares, tools for Indian Navy’s Next Generation Missile Vessel (NGMV) project.The domestic contract will be executed between FY26 to FY29, valued at ₹1,173.42 crore.
  21. What is the name of the portal launched by NMDC for its former employees to manage medical claims and view personal profiles, dependent details, and application status online?
    A) “Vikas”
    B) “Sahyog”
    C) None of these
    D) “Samman”
    E) “Seva”
    View Answer
    Option D
    Explanation:

    NMDC Launches “Samman” Portal for Former Employees.Central public sector undertaking NMDC has launched a portal for its former employees to manage medical claims, view personal profiles, dependent details and application status online.
  22. Which initiative is the Reserve Bank considering to establish as part of its efforts to curb growing cyber fraud and stop the mushrooming of illegal lending apps?
    A) Digital India Fraud Protection Agency (DIFPA)
    B) Cyber Fraud Prevention Task Force (CFPTF)
    C) Digital India Trust Agency (DIGITA)
    D) Reserve Bank Cybersecurity Unit (RBCU)
    E) None of the above
    View Answer
    Option C
    Explanation:

    As part of its efforts to curb growing cyber fraud, the Reserve Bank is considering establishing a Digital India Trust Agency (DIGITA) to stop the mushrooming of illegal lending apps.
  23. When will the changes in surrender value rules, as announced by the Insurance Regulatory and Development Authority of India (IRDAI), become effective?
    A) April 1, 2023
    B) April 1, 2024
    C) April 1, 2025
    D) April 1, 2026
    E) None of the above
    View Answer
    Option B
    Explanation:

    The Insurance Regulatory and Development Authority of India (IRDAI) has announced the final set of rules on surrender value. From April 1, 2024, the surrender value is expected to remain the same or even lower if policies are surrendered up to a period of within three years.
  24. Which companies were among the top 5 index performers in FY24, and which company was the best performer on the Nifty50, surging 136 percent?
    A) Tata Motors, Bajaj Auto, Coal India; Bajaj Auto
    B) Bajaj Auto, Tata Motors, Coal India; Tata Motors
    C) Coal India, Tata Motors, Bajaj Auto; Coal India
    D) Bajaj Auto, Tata Motors, Coal India; Dr Reddy’s Labs
    E) None of the above
    View Answer
    Option A
    Explanation:

    Bajaj Auto was the best performer on the Nifty50, surging 136 percent in FY24. Investors lapped up shares of the two-wheeler company on the back a premiumisation trend in the 350+ cc two-wheeler segment.Tata Motors (up 19.3 per cent), followed by Bajaj Auto (5.9 per cent), Dr Reddy’s Labs (5.3 per cent), and Coal India (4.2 per cent) have seen the highest upgrades to FY24 earnings estimates post December quarter results
  25. Prestige Estates Projects has entered into a deal with which entities to invest ₹2,001 crore in residential projects across four major cities in India?
    A) Reliance Industries and HDFC Bank
    B) Abu Dhabi Investment Authority and Kotak AIF
    C) State Bank of India and ICICI Bank
    D) Tata Group and Axis Bank
    E) None of the above
    View Answer
    Option B
    Explanation:

    Prestige Estates Projects has entered into a deal with Abu Dhabi Investment Authority and Kotak AIF to invest ₹2,001 crore in residential projects with a gross revenue potential of ₹18,000 crore across four major cities in the country.
  26. Tim McGovern, a veteran in the field of visual effects, passed away at the age of 68. For which film did McGovern win a Special Achievement Oscar for his work on visual effects?
    A) Jurassic Park
    B) Star Wars: Episode IV – A New Hope
    C) Total Recall
    D) The Matrix
    E) None of the above
    View Answer
    Option C
    Explanation:

    Tim McGovern, a seasoned visual effects veteran who won a Special Achievement Oscar for his work on the visual effects in the 1990 science fiction classic ‘Total Recall’, passed away. He was 68 years old.

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