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Banking QuizCA Quizzes (English)

Current Affairs Quiz: April 4, 2024

  1. Which of the following statements accurately describes the purpose of the ‘Myth vs Reality Register’ initiative launched by the Election Commission of India?
    A) The initiative aims to promote political propaganda during the general elections.
    B) It seeks to spread misinformation about the electoral process to confuse voters.
    C) The initiative provides a platform for voters to express their opinions about political candidates.
    D) It serves as a reliable resource to differentiate between facts and falsehoods, ensuring voters have access to accurate information.
    E) Both A and B
    View Answer
    Option D
    Explanation:

    The Election Commission of India (ECI) launched a new initiative aimed at combating the spread of misinformation surrounding the electoral process and the upcoming general elections.
    The ‘Myth vs Reality Register’, accessible via the Election Commission’s website at https://mythvsreality.eci.gov.in, will serve as a reliable resource to differentiate between facts and falsehoods, ensuring that voters have access to accurate and verified information throughout the electoral process.
  2. Which of the following institutions signed a Memorandum of Understanding (MoU) to establish a Sustainability Center focusing on smart and sustainable communities?
    A) IIT Bombay and IIT Delhi
    B) IIIT Hyderabad and Plaksha University
    C) Stanford University and Harvard University
    D) Oxford University and Cambridge University
    E) None of the above
    View Answer
    Option B
    Explanation:

    IIIT Hyderabad and Plaksha University signed an MoU on campus for establishing a Sustainability Center based on smart and sustainable Communities. The MoU was signed by Prof. PJ Narayanan, Director, IIIT Hyderabad and Prof. Rudra Pratap, founding Vice Chancellor of Plaksha University.
  3. Which organization has signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology Patna (IIT Patna) aimed at utilizing advanced geological models to improve tunnelling projects and mitigate time and cost overruns?
    A) Bharat Heavy Electricals Limited (BHEL)
    B) Indian Railways
    C) SJVN Limited
    D) Oil and Natural Gas Corporation (ONGC)
    E) None of the above
    View Answer
    Option C
    Explanation:

    SJVN Limited has signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology Patna (IIT Patna) to use advanced geological models in SJVN’s tunnelling projects, thus significantly reducing time and cost overruns.
  4. On which platform has the government released the ‘myCGHS’ app, facilitating access to electronic health records, information, and resources for Central Government Health Scheme (CGHS) beneficiaries?
    A) Android
    B) iOS
    C) Windows
    D) Blackberry
    E) None of the above
    View Answer
    Option B
    Explanation:

    The government has launched the ‘myCGHS’ app for iOS to provide Central Government Health Scheme beneficiaries access to electronic health records, information, and resources.
  5. The Ministry of Health and Family Welfare (MoHFW) recently issued a memorandum stating that the linking of Central Government Health Scheme (CGHS) beneficiary ID with the Ayushman Bharat Health Account ID will be mandatory, effective from April 1, with a deadline set for April 30.Who is currently serving as the Minister of Health and Family Welfare?
    A) Dr. Harsh Vardhan
    B) Mansukh L. Mandaviya
    C) Smriti Irani
    D) None of these
    E) Amit Shah
    View Answer
    Option B
    Explanation:

    The Ministry of Health and Family Welfare (MoHFW) said in a memorandum that the linking of Central Government Health Scheme (CGHS) beneficiary ID with the Ayushman Bharat Health Account ID will be mandatory with effect from April 1, the deadline to do so would be April 30.
  6. What is the extended deadline set by the Municipal Corporation of Delhi for geo-tagging properties, allowing taxpayers another opportunity to register their properties with the civic body?
    A) April 30
    B) May 15
    C) June 30
    D) July 31
    E) May 31
    View Answer
    Option C
    Explanation:

    The Municipal Corporation of Delhi has extended the last date for geo-tagging of properties till June 30, in a move to give another opportunity to taxpayers to register their property with the civic body, an official order said.
  7. In which fiscal year does India aim to construct its first privately managed strategic petroleum reserve (SPR), as announced by the chief executive of Indian Strategic Petroleum Reserves Ltd (ISPRL)?
    A) 2025-2026
    B) 2027-2028
    C) 2029-2030
    D) 2031-2032
    E) 2028-2029
    View Answer
    Option C
    Explanation:

    India plans to build its first privately managed strategic petroleum reserve (SPR) by 2029-30, granting the operator the freedom to trade all of the stored oil, the chief executive of Indian Strategic Petroleum Reserves Ltd (ISPRL) said.
  8. In anticipation of World Health Day, themed ‘My Health, My Right’, the World Health Organization (WHO) introduced a digital health promoter prototype with advanced empathetic responses driven by generative artificial intelligence (AI). What is the name of this prototype?
    A) EMMA
    B) LUCAS
    C) S.A.R.A.H.
    D) ALEXA
    E) None of the above
    View Answer
    Option C
    Explanation:

    Ahead of World Health Day, focused on ‘My Health, My Right’, the World Health Organization (WHO) announces the launch of S.A.R.A.H., a digital health promoter prototype with enhanced empathetic response powered by generative artificial intelligence (AI).
  9. Which ports served as hosts for the joint exercise ‘Tiger Triumph-24’ conducted between India and the US?
    A) Mumbai and Chennai
    B) Kakinada and Visakhapatnam
    C) Kolkata and Haldia
    D) Kochi and Mangalore
    E) None of the above
    View Answer
    Option B
    Explanation:

    India, US conduct joint exercise as part of ‘Tiger Triumph-24’ off Kakinada-Visakhapatnam ports.The closing ceremony of the bilateral tri-service humanitarian assistance and disaster relief (HADR) amphibious exercise between India and US ‘Tiger Triumph 2024’ was held onboard USS Somerset.
  10. Which insurance company has introduced “Travel Guard Plus,” a comprehensive travel insurance product offering various bundle plans to redefine complete coverage for travelers?
    A) Reliance General Insurance
    B) HDFC ERGO General Insurance
    C) TATA AIG General Insurance Company Limited
    D) ICICI Lombard General Insurance Company Limited
    E) None of the above
    View Answer
    Option C
    Explanation:

    TATA AIG General Insurance Company Limited, a leading general insurance provider, has launched “Travel Guard Plus“, a comprehensive travel insurance product that redefines complete coverage for travellers with an array of bundle plans.
  11. Which company has entered into a strategic partnership with Star Health and Allied Insurance Company Ltd (Star Health Insurance) to offer health insurance options with monthly and annual payment choices, providing enhanced flexibility and convenience for users?
    A) Paytm
    B) Amazon Pay
    C) PhonePe
    D) Google Pay
    E) None of the above
    View Answer
    Option C
    Explanation:

    PhonePe has announced a strategic partnership with Star Health and Allied Insurance Company Ltd (Star Health Insurance), India’s largest retail health insurance company. The collaboration aims to provide customers with health insurance options with monthly and annual payment choices, enhancing flexibility and convenience for users.
  12. Which product, tailored for women and offering a Cancer Care policy, has been introduced by Canara bank as part of its recent series of new offerings aimed at enhancing customer experience and streamlining banking operations?
    A) Canara Angel
    B) Canara ReadyCash
    C) Canara MyMoney
    D) Canara Gold Savings Account
    E) None of the above
    View Answer
    Option A
    Explanation:

    Canara bank is launching a healthcare focused loan product Canara Heal, to meet the shortfall of hospitalization expenditure while settling through Third Party Administrator (TPA) healthcare insurance claims of self and/or dependents.
    A customized savings account for women ‘Canara Angel’ with features like Cancer Care policy, pre-approved personal loan Canara ReadyCash and online loan against term deposit product Canara MyMoney.
  13. Which regulatory body has granted approval for Axis Bank’s acquisition of an additional 6% stake in Max Life Insurance, a transaction valued at ₹1,612 crore?
    A) Reserve Bank of India (RBI)
    B) Securities and Exchange Board of India (SEBI)
    C) Competition Commission of India (CCI)
    D) Insurance Regulatory and Development Authority of India (IRDAI)
    E) None of the above
    View Answer
    Option C
    Explanation:

    The Competition Commission of India (CCI) said that it has approved the transaction involving Axis Bank’s additional 6 per cent stake buy in Max Life Insurance, a private life insurer. The deal, valued at ₹1,612 crore, had received IRDAI nod in February this year.
  14. In the financial year 2023-24, what significant achievement was reached in terms of total gross GST collection in India, indicating an 11.7% increase compared to the preceding fiscal year?
    A) Surpassing ₹15 lakh crore
    B) Exceeding ₹20 lakh crore
    C) Reaching ₹25 lakh crore
    D) Exceeding ₹24 lakh crore
    E) None of the above
    View Answer
    Option B
    Explanation:

    Financial year 2023-24 marked a milestone with total gross GST collection of ₹20.14 lakh crore, exceeding ₹20 lakh crore with a 11.7 per cent increase compared to the previous fiscal year.
  15. What is the Gross Merchandise Value (GMV) achieved by Government e Marketplace at the end of the current financial year, marking a significant milestone by doubling its GMV compared to the previous fiscal year?
    A) ₹2 lakh crore
    B) ₹3 lakh crore
    C) ₹4 lakh crore
    D) ₹5 lakh crore
    E) None of the above
    View Answer
    Option C
    Explanation:

    Government e Marketplace has closed this financial year with ₹4 lakh crore in Gross Merchandise value (GMV) – doubling its GMV clocked at the end of previous Fiscal Year.
  16. In the financial year 2023/24, how much money did the Indian government raise by selling its stakes in approximately 10 state-run companies, as per official data, falling short of its internal target by approximately 9%?
    A) Rs 17,000 crore ($2.04 billion)
    B) Rs 15,500 crore ($1.86 billion)
    C) Rs 18,500 crore ($2.22 billion)
    D) Rs 16,500 crore ($1.98 billion)
    E) None of the above
    View Answer
    Option D
    Explanation:

    The Indian government has raised Rs 16,500 crore ($1.98 billion) in 2023/24 by selling its stakes in about 10 state-run companies, official data showed, about 9 per cent lower than its internal target of Rs 18,000 crore.
  17. Adani Green Energy Limited (AGEL), one of the world’s leading renewable energy companies, has achieved a significant milestone by surpassing how many megawatts (MW) of operational portfolio, while aiming to reach a target of 45,000 MW by 2030?
    A) 5,000 MW
    B) 8,000 MW
    C) 10,000 MW
    D) 15,000 MW
    E) None of the above
    View Answer
    Option C
    Explanation:

    Adani Green Energy Limited (AGEL), India’s largest and one of the world’s leading renewable energy (RE) companies, has surpassed 10,000 megawatts (MW) of operational portfolio, delivering reliable, affordable, and clean power to the national grid.The milestone is a testament to AGEL and its development partners firmly moving towards the goal of 45,000 MW renewable energy by 2030.
  18. The collaboration between the Quality Council of India (QCI) and Laghu Udyog Bharati (LUB) aims to achieve what specific goal related to the Micro, Small, and Medium Enterprises (MSME) Competitive Lean Scheme (MCLS) of the Ministry of MSME?
    A) Increase funding for MSMEs
    B) Enhance awareness and participation in the MCLS
    C) Implement new technology in MSMEs
    D) Reduce taxation for MSMEs
    E) None of the above
    View Answer
    Option B
    Explanation:

    The Quality Council of India (QCI) and Laghu Udyog Bharati (LUB) have collaborated to enhance awareness and participation in the Micro, Small, and Medium Enterprises (MSME) Competitive Lean Scheme (MCLS) of the Ministry of MSME among the members of Laghu Udyog Bharati (LUB), typically MSMEs.
  19. Which two companies have announced plans to establish an automotive software and IT development hub in India through a joint venture?
    A) BMW Group and TCS
    B) Mercedes-Benz and Infosys
    C) BMW Group and Tata Technologies
    D) Audi and Wipro
    E) None of the above
    View Answer
    Option C
    Explanation:

    German automotive major BMW Group and Tata Technologies, a global product engineering and digital services firm, said they will form a joint venture to set up an automotive software and IT development hub in India.
  20. Under its third-party fact-checking program in India, which social media giant has collaborated with the Press Trust of India (PTI) to identify, review, and rate content as misinformation across its platforms?
    A) Twitter
    B) Instagram
    C) LinkedIn
    D) YouTube
    E) Meta
    View Answer
    Option E
    Explanation:

    Social media giant Meta announced its collaboration with the Press Trust of India (PTI) under its third-party fact-checking programme in India. The partnership will enable PTI to identify, review, and rate content as misinformation across Meta platforms.
  21. Who has recently been sworn in for his third consecutive term as the President of Egypt, following his re-election in December, where he secured 89.6 percent of the vote in a contest against three relatively unknown candidates?
    A) Hosni Mubarak
    B) Abdel Fattah el-Sisi
    C) Anwar Sadat
    D) Gamal Abdel Nasser
    E) None of the above
    View Answer
    Option B
    Explanation:

    Abdel Fattah el-Sisi has been sworn in before parliament for his third term as Egyptian president. He was re-elected in December with 89.6 percent of the vote in a race pitting him against three largely unknown candidates.
  22. Who recently assumed office as the new chief secretary of Assam, succeeding Paban Kumar Borthakur following his retirement?
    A) Ravi Kota
    B) Paban Kumar Borthakur
    C) None of the above
    D) Anwar Hazarika
    E) Sanjay Kumar
    View Answer
    Option A
    Explanation:

    Senior IAS officer Ravi Kota took charge as the new chief secretary of Assam. In an official ceremony at the secretariat, Kota, who was the additional chief secretary, assumed charge from Paban Kumar Borthakur, who retired.
  23. Which actor has been enlisted by the Election Commission of India to encourage young people to vote in the upcoming Lok Sabha elections?
    A) Shah Rukh Khan
    B) Ranveer Singh
    C) Deepika Padukone
    D) Ayushmann Khurrana
    E) Anushka sharma
    View Answer
    Option D
    Explanation:

    Actor Ayushmann Khurrana has been roped in by the Election Commission of India to urge the youngsters to vote in the upcoming Lok Sabha elections.
  24. Which farm produce from the Bundelkhand region in Uttar Pradesh has recently been awarded the prestigious Geographical Indication (GI) tag?
    A) Basmati Rice
    B) Kathiya Gehu (wheat)
    C) Alphonso Mango
    D) Darjeeling Tea
    E) None of the above
    View Answer
    Option B
    Explanation:

    The Bundelkhand region in Uttar Pradesh has received its first Geographical Indication (GI) tag for a farm produce.The indigenous farm produce wheat, popularly known as Kathiya Gehu (wheat), has been conferred the prestigious Geographical Indication (GI) tag.
  25. At the National Fame Awards 2024, held at The Club in Mumbai, who was honored with the title of Distinguished Overseas Dental Specialist (Orthodontics and Orofacial Pain)?
    A) Dr. Karthik Kommuri
    B) Dr. Alisha Patel
    C) Dr. Rahul Sharma
    D) Dr. Priya Singh
    E) None of the above
    View Answer
    Option A
    Explanation:

    Dr. Karthik Kommuri was felicitated with the Distinguished Overseas Dental Specialist (Orthodontics and Orofacial Pain) title at the National Fame Awards 2024, held at The Club in Mumbai.

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