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Banking QuizCA Quizzes (English)

Current Affairs Quiz: April 25, 2024

  1. What was the location of the CSIR headquarters where India’s biggest Climate Clock was installed and activated during the Earth Day Celebrations on April 22, 2024?
    A) Connaught Place, Mumbai
    B) Rafi Marg, New Delhi
    C) Marine Drive, Kolkata
    D) MG Road, Bangalore
    E) None of the above
    View Answer
    Option B
    Explanation:

    Council of Scientific & Industrial Research (CSIR), as a part of the Earth Day Celebrations on 22nd April 2024, installed and activated India’s biggest Climate Clock on the CSIR Headquarters Building in Rafi Marg, New Delhi.
  2. Which organizations collaborated to release the report evaluating the clean electricity transition preparedness at the sub-national level, highlighting Karnataka and Gujarat’s strong performance in integrating renewable energy sources and decarbonization efforts?
    A) Institute for Energy Economics and Financial Analysis (IEEFA) and International Renewable Energy Agency (IRENA)
    B) Institute for Energy Economics and Financial Analysis (IEEFA) and Ember
    C) Ember and World Resources Institute (WRI)
    D) International Energy Agency (IEA) and Clean Energy Ministerial (CEM)
    E) None of the above
    View Answer
    Option B
    Explanation:

    Karnataka and Gujarat continue to lead the race to clean energy transition, but states like Jharkhand, Bihar, West Bengal and Uttar Pradesh need to step up efforts, according to a new report released.
    The joint report by research organisation, Institute for Energy Economics and Financial Analysis (IEEFA), and clean energy think tank Ember evaluates the clean electricity transition preparedness at the sub-national level.
  3. Which state police force has recently collaborated with Truecaller, the global caller ID and spam blocking app, to bolster digital communication safety, combat cybercrime, and raise cyber safety awareness among citizens?
    A) Maharashtra
    B) Gurugram
    C) Delhi
    D) Uttar Pradesh
    E) Karnataka
    View Answer
    Option B
    Explanation:

    Gurugram Police has joined forces with Truecaller, the global caller ID and spam blocking app, to build safety in digital communication, combating cybercrime, and raising cyber safety awareness among citizens.
  4. Which city saw the launch of KPMG’s second Innovation Kaleidoscope Insights Centre in India, providing a collaborative workspace for KPMG’s personnel, clients, start-ups, and strategic alliance partners to engage and co-create solutions for dynamic business challenges?
    A) Mumbai
    B) Bengaluru
    C) Hyderabad
    D) Chennai
    E) None of the above
    View Answer
    Option B
    Explanation:

    KPMG in India launched its second KPMG Innovation Kaleidoscope Insights Centre in Bengaluru.This collaborative workspace fosters a dynamic environment where our people, clients, start-ups, and strategic alliance partners can engage to co-create solutions to solve dynamic business challenges.
  5. Which entity collaborated with C-DOT to advance automated service management in 5G and beyond networks using Artificial Intelligence (AI)?
    A) Indian Institute of Technology, Bombay (IIT-B)
    B) Indian Institute of Science (IISc), Bangalore
    C) Indian Institute of Technology, Jodhpur (IIT-J)
    D) Indian Statistical Institute (ISI), Kolkata
    E) None of the above
    View Answer
    Option C
    Explanation:

    C-DOT, the premier telecom R&D center of the Department of Telecommunications (DoT), and Indian Institute of Technology, Jodhpur (IIT-J) signed an agreement for automated service management in 5G and beyond networks using AI.
  6. What was the primary objective of the memorandum of understanding (MoU) signed between the Alliance of Digital India Foundation (ADIF) and the IIT Guwahati Technology Incubation Centre (IIT Guwahati TIC)?
    A) Promoting international collaboration in research and development
    B) Facilitating cross-border trade agreements
    C) Fostering entrepreneurship and supporting technology startups
    D) Enhancing educational exchange programs
    E) None of the above
    View Answer
    Option C
    Explanation:

    The Alliance of Digital India Foundation (ADIF) and IIT Guwahati Technology Incubation Centre (IIT Guwahati TIC) have a memorandum of understanding (MoU) to promote entrepreneurship and provide support to technology startups.
  7. What is the objective of the Memorandum of Understanding (MoU) signed between the Armed Forces Medical Services (AFMS) and the Indian Council of Medical Research (ICMR)?
    A) To promote international medical missions
    B) To establish joint medical facilities in remote areas
    C) To facilitate collaborative research and training in biomedical fields
    D) To organize healthcare camps for underserved communities
    E) None of the above
    View Answer
    Option C
    Explanation:

    Armed Forces Medical Services (AFMS) signed a Memorandum of Understanding (MoU) for collaborative research and training with Indian Council of Medical Research (ICMR).
    The aim of the MoU is to undertake cooperative and collaborative activities, in the field of biomedical research and academics, which will address multidisciplinary scientific, technological and educational problems of relevance to the country and the Armed Forces.
  8. Which passport recently ranked as the second cheapest to obtain worldwide, while also holding the distinction of being the most cost-effective in terms of “cost per year” of validity?
    A) US
    B) India
    C) UK
    D) Australian
    E) None of the above
    View Answer
    Option B
    Explanation:

    A recent study has revealed that the Indian passport ranks as the second cheapest passport to obtain worldwide. It holds the distinction of being the most cost-effective in terms of “cost per year” of validity. Notably, an Indian passport holder can travel to 62 nations visa-free.
    The UAE passport clinches the top spot as the most affordable passport globally, surpassing all others in terms of both acquisition cost and the number of countries offering visa-free access.
  9. According to the Student Global Mobility Index (SGMI) report by Oxford International, which country emerged as the top choice among Indian students aspiring to study abroad?
    A) United Kingdom
    B) Australia
    C) Canada
    D) United States
    E) None of the above
    View Answer
    Option D
    Explanation:

    Oxford International’s Student Global Mobility Index (SGMI) report revealed that the United States emerged as the top choice among Indian students aspiring to study abroad.
  10. What recent decision did the European Parliament make regarding air pollution limits that must be adhered to by 2030?
    A) Imposing fines on countries exceeding air pollution thresholds
    B) Setting stricter regulations for industrial emissions
    C) Adopting legally-binding air pollution limits
    D) Mandating the use of electric vehicles in urban areas
    E) None of the above
    View Answer
    Option C
    Explanation:

    The European Parliament adopted stricter legally-binding air pollution limits that must be complied with by 2030.
  11. Which country is set to host the World Economic Forum (WEF) Special Meeting on Global Collaboration, Growth, and Energy for Development on April 28th-29th, as reported by the Saudi Press Agency (SPA)?
    A) United Arab Emirates
    B) Kuwait
    C) Qatar
    D) Saudi Arabia
    E) None of the above
    View Answer
    Option D
    Explanation:

    Saudi Arabia will host the World Economic Forum (WEF) Special Meeting on Global Collaboration, Growth, and Energy for Development on 28th-29th April, reported the Saudi Press Agency (SPA).
  12. What action did the Reserve Bank of India (RBI) recently take regarding Kotak Mahindra Bank, according to reports?
    A) Imposed a fine for regulatory violations
    B) Required the bank to increase its lending rates
    C) Instructed the bank to reduce its branch network
    D) None of these
    E) Directed the bank to stop onboarding new customers through online and mobile banking channels and barred it from issuing fresh credit cards
    View Answer
    Option E
    Explanation:

    The Reserve Bank of India (RBI) asked private-sector lender Kotak Mahindra Bank to stop onboarding new customers through its online and mobile banking channels and barred it from issuing fresh credit cards.
  13. What new initiative did the fintech company Razorpay launch in partnership with Airtel Payments Bank, aimed at ensuring smoother and faster transactions?
    A) UPI Exchange
    B) UPI Platform
    C) UPI Gateway
    D) UPI Switch
    E) None of the above
    View Answer
    Option D
    Explanation:

    Fintech company Razorpay launched its own UPI infrastructure with ‘UPI Switch’, a cloud-based innovation in partnership with Airtel Payments Bank, and said the solution is geared to ensure smoother and faster transactions.
  14. What recent announcement did digital financial services provider PayU make regarding authorization from the Reserve Bank of India (RBI)?
    A) Approval to launch a new digital wallet service
    B) Permission to offer credit and lending services
    C) Authorization to operate as a payments aggregator (PA)
    D) Clearance to expand into cryptocurrency transactions
    E) None of the above
    View Answer
    Option C
    Explanation:

    Digital financial services provider PayU announced that it has received in-principle authorisation from the Reserve Bank of India (RBI) to operate as a payments aggregator (PA) under the Payment Settlements Act, 2007.
  15. What recent initiative by the Reserve Bank of India (RBI) is expected to facilitate the listing of Indian companies on international stock exchanges, according to experts?
    A) Issuance of new guidelines for foreign direct investment (FDI)
    B) Introduction of regulations under the Foreign Exchange Management Act (FEMA)
    C) Establishment of a special fund to support overseas expansion of Indian companies
    D) None of these
    E) Launch of a government-backed program to promote cross-border mergers and acquisitions
    View Answer
    Option B
    Explanation:

    Listing of an Indian company on international stock exchanges got a push with the Reserve Bank of India (RBI) coming out with regulations under Foreign Exchange Management (FEMA). Experts believe new regulations will help companies utilise foreign exchange more effectively.
    Regulations have been made public through two notifications. First set of regulations deals with mode of payment and reporting of non-debt instruments.
  16. Which investment vehicles in the realty and infrastructure sectors have garnered Rs 1.3 lakh crore in pooled funds over the past four years till March-end, according to a report by the Reserve Bank of India (RBI)?
    A) Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvIT)
    B) Stock Market Exchange-Traded Funds (ETFs)
    C) Sovereign Wealth Funds and Private Equity Funds
    D) Venture Capital Funds and Angel Investors
    E) None of the above
    View Answer
    Option A
    Explanation:

    Investment vehicles for realty and infrastructure sectors REITs and InvITs have garnered Rs 1.3 lakh crore in the past four years till March-end, and are expected to facilitate more pooled funds, Reserve Bank said in a report.
  17. What recent regulatory action did the Reserve Bank of India (RBI) take concerning Asset Reconstruction Companies (ARCs), and what requirement did it impose for commencing business in securitization or asset reconstruction, in terms of minimum funds?
    A) Issued Master Direction to ARCs, with a requirement of a minimum net owned fund (NOF) of Rs 300 crore
    B) Introduced mandatory audits for ARCs, with a requirement of a minimum net owned fund (NOF) of Rs 500 crore
    C) Directed ARCs to publish annual reports, with a requirement of a minimum net owned fund (NOF) of Rs 200 crore
    D) Mandated ARCs to disclose their financial statements quarterly, with a requirement of a minimum net owned fund (NOF) of Rs 400 crore
    E) Issued Master Direction to ARCs, with a requirement of a minimum net owned fund (NOF) of Rs 400 crore
    View Answer
    Option A
    Explanation:

    The Reserve Bank of India (RBI) has issued Master Direction to the Asset Reconstruction Companies.According to the directions, to commence the business of securitisation or asset reconstruction, an ARC is required to have a minimum net owned fund (NOF) of Rs 300 crore and thereafter, on an ongoing basis.
  18. What was the percentage decline in gems and jewellery exports during the financial year 2023-24 compared to the previous year, according to data from the Gem and Jewellery Export Promotion Council (GJEPC)?
    A) 8.95%
    B) 10.81%
    C) 12.17%
    D) 15.42%
    E) None of the above
    View Answer
    Option C
    Explanation:

    Gems and jewellery exports declined by 12.17 per cent to Rs 2,65,187.95 crore (USD 32,022.08 million) during 2023-24, compared to the previous financial year due to high interest rates in the US and slow recovery in China, Gem and Jewellery Export Promotion Council (GJEPC) data showed.
  19. What recent collaboration was announced between Air India and Japan’s All Nippon Airways (ANA)?
    A) Codeshare partnership
    B) Joint venture for aircraft maintenance
    C) Charter agreement for seasonal flights
    D) Cargo partnership
    E) None of the above
    View Answer
    Option A
    Explanation:

    Air India has entered into a codeshare partnership with Japan’s All Nippon Airways. With the codeshare, effective for travel from May 23, Air India and All Nippon Airways passengers can fly to their desired destination by combining those flights between India and Japan with a single ticket.
  20. With which organization did Defence PSU Hindustan Aeronautics Ltd (HAL) sign a Transfer of Technology agreement for the manufacture of the Bismaleimide Engine Bay Door for the series production of Light Combat Aircraft Tejas Mk1A?
    A) Defence Research and Development Organisation (DRDO)
    B) National Aerospace Laboratories (NAL)
    C) Indian Space Research Organisation (ISRO)
    D) Bharat Electronics Limited (BEL)
    E) None of the above
    View Answer
    Option B
    Explanation:

    Defence PSU Hindustan Aeronautics Ltd (HAL) said it has signed a Transfer of Technology agreement with National Aerospace Laboratories for the manufacture of the Bismaleimide Engine Bay Door for the series production of Light Combat Aircraft Tejas Mk1A.
  21. What are Morgan Stanley’s GDP growth rate forecasts for India for the financial years 2024-25 and 2025-26?
    A) 5.5% and 5.0%
    B) 6.8% and 6.5%
    C) 7.5% and 7.0%
    D) 8.0% and 7.5%
    E) None of the above
    View Answer
    Option B
    Explanation:

    Morgan Stanley, a global investment banking firm, has expressed optimism about India’s economic growth prospects, citing robust domestic demand. The firm remains positive about the growth outlook, expecting India’s GDP to grow at 6.8% in the current financial year 2024-25 and 6.5% in 2025-26.
  22. What recent announcement did two-time Asian Games gold medallist Saurav Ghosal make regarding his squash career?
    A) He declared his retirement from professional squash but expressed a desire to continue representing India.
    B) He revealed his intention to compete in the upcoming Olympics and retire thereafter.
    C) He announced his decision to take a break from squash tournaments to focus on personal endeavors.
    D) None of these
    E) He stated his plans to transition into coaching younger squash players while ending his own playing career.
    View Answer
    Option A
    Explanation:

    Two-time Asian Games gold medallist Saurav Ghosal has announced his retirement from professional squash. Ghosal, 37, said in a lengthy statement posted on social media that he is stepping away from the professional tour but would like to continue playing for India.
  23. Which individual has been appointed as the Vice Chancellor of Aligarh Muslim University, and what notable achievement does she accomplish with this appointment?
    A) Fatima Begum; she becomes the youngest person to hold the post in the university’s history.
    B) Naima Khatoon; she becomes the first woman to hold the post in over 100 years.
    C) Aisha Siddiqui; she becomes the first non-Muslim to hold the post in the university’s history.
    D) Zainab Ali; she becomes the first foreign national to hold the post in the university’s history.
    E) None of the above
    View Answer
    Option B
    Explanation:

    Naima Khatoon has been appointed as Aligarh Muslim University’s Vice Chancellor for the next 5 years. She is the first woman to hold post in over 100 years.
  24. Who has UN Secretary-General António Guterres appointed as the United Nations resident coordinator in Indonesia?
    A) Gita Sabharwal
    B) Anika Patel
    C) None of these
    D) Chen Wei
    E) Fatima Khan
    View Answer
    Option A
    Explanation:

    UN Secretary-General António Guterres has appointed Gita Sabharwal of India as the United Nations resident coordinator in Indonesia.
  25. Who has been re-appointed as Deputy Governor of the Reserve Bank of India?
    A) S. Venkataraman
    B) K. Srinivasan
    C) R. Lakshmanan
    D) None of these
    E) T. Rabi Sankar
    View Answer
    Option E
    Explanation:

    The government has re-appointed T. Rabi Sankar as Deputy Governor, Reserve Bank of India for a period of one year with effect from May 3, the central bank said.
  26. Who won the Laureus World Sportsman of the Year award for a record-extending 5th time, and who won the Laureus World Sportswoman of the Year award?
    A) Rafael Nadal and Serena Williams
    B) Novak Djokovic and Aitana Bonmati
    C) Roger Federer and Naomi Osaka
    D) None of these
    E) Lionel Messi and Megan Rapinoe
    View Answer
    Option B
    Explanation:

    Tennis great Novak Djokovic won the Laureus World Sportsman of the Year honour for a record-extending 5th time after 2012, 2015, 2016 and 2019, while Spain’s World Cup-winning football star Aitana Bonmati won the World Sportswoman of the Year award at a star-studded ceremony in Madrid.
  27. Which space agency successfully launched the Advanced Composite Solar Sail System spacecraft from New Zealand, in partnership with Rocket Lab’s Electron rocket, marking a significant step in utilizing sunlight for propulsion in space exploration?
    A) National Aeronautics and Space Administration (NASA)
    B) European Space Agency (ESA)
    C) China National Space Administration (CNSA)
    D) None of these
    E) Indian Space Research Organisation (ISRO)
    View Answer
    Option A
    Explanation:

    NASA successfully launched its Advanced Composite Solar Sail System spacecraft from New Zealand. Riding atop Rocket Lab’s Electron rocket, the innovative spacecraft aims to utilise sunlight for propulsion.

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