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Banking QuizCA Quizzes (English)

Current Affairs Quiz: April 5, 2024

  1. Which of the following statements accurately describes the recent development regarding India’s current account deficit (CAD) as reported by the Reserve Bank of India (RBI)?
    A) India’s CAD increased to USD 11.4 billion in the October-December quarter.
    B) India’s CAD declined to USD 10.5 billion in the October-December quarter.
    C) India’s CAD remained unchanged at USD 16.8 billion in the October-December quarter.
    D) India’s CAD surged to USD 20 billion in the October-December quarter.
    E) None of the above
    View Answer
    Option B
    Explanation:

    India’s current account deficit (CAD)) declined to USD10.5 billion or 1.2 per cent of the GDP in October-December quarter from USD 11.4 billion in the previous three months and USD16.8 billion a year back, the Reserve Bank of India (RBI) said.
  2. Who among the following individuals, alongside former Prime Ministers Chaudhary Charan Singh and PV Narasimha Rao, ex-Bihar Chief Minister Karpoori Thakur, and BJP leader and former Deputy Prime Minister LK Advani, was posthumously conferred the Bharat Ratna and recognized as an agronomist?
    A) M.S. Swaminathan
    B) APJ Abdul Kalam
    C) Norman Borlaug
    D) C. Subramaniam
    E) None of the above
    View Answer
    Option A
    Explanation:

    Former Prime Ministers Chaudhary Charan Singh and PV Narasimha Rao, ex-Bihar Chief Minister Karpoori Thakur and agronomist MS Swaminathan were posthumously conferred with the country’s highest civilian honour, Bharat Ratna, by President Droupadi Murmu.The government also announced Bharat Ratna for veteran BJP leader and former Deputy Prime Minister LK Advani.
  3. Who, at the age of 77, recently passed away, marking the end of an era for Mizo cultural representation?
    A) Pu Lalthanhawla
    B) Lal Thanhawla
    C) Vanhlupuii
    D) None of these
    E) Zoramthanga
    View Answer
    Option C
    Explanation:

    Vanhlupuii, the only Mizo top-grade artist of Akashvani (All India Radio), passed away at the age of 77.
  4. During the week ended on March 22nd, India’s foreign exchange reserves increased by $140 million to touch an all-time high of $642.631 billion. This marks the fifth consecutive week of growth. Which of the following statements accurately describes the change in gold reserves during the same period?
    A) Gold reserves remained unchanged at $51.487 billion.
    B) Gold reserves decreased by $347 million to $51.487 billion.
    C) Gold reserves increased by $347 million to $51.487 billion.
    D) Gold reserves increased by $140 million to $642.631 billion.
    E) None of the above
    View Answer
    Option C
    Explanation:

    India’s foreign exchange reserves increased by 140 million dollars to touch its all-time high of 642.631 billion dollars during the week ended on the 22nd of March. The data released by the Reserve Bank of India said, this is the fifth consecutive week of a jump in the overall reserves. The kitty had increased by 6.396 billion dollars to 642.492 billion dollars in the previous reporting week.Gold reserves increased by 347 million dollars to 51.487 billion dollars during the week.
  5. Which Indian tennis player recently made history by becoming the oldest man to win an ATP Masters 1000 title?
    A) Leander Paes
    B) Mahesh Bhupathi
    C) Rohan Bopanna
    D) Somdev Devvarman
    E) None of the above
    View Answer
    Option C
    Explanation:

    Indian Tennis star Rohan Bopanna and his Australian partner Matthew Ebden clinched the historic Men’s doubles title. The duo defeated Croatia’s Ivan Dodic and American Austin Krajicek 6-7, 6-3, 10-6. The 44-year old Bopanna, became the oldest man to win an ATP Masters 1000 title and the second Indian to reach the finals of all nine ATP Masters 1000 events. With this win, he also regained the top spot in the ATP rankings.
  6. Which regulatory authority has taken steps towards implementing the Academic Bank of Credit (ABC), as outlined in the National Education Policy 2020?
    A) Ministry of Education
    B) Ministry of Finance
    C) Ministry of Health and Family Welfare
    D) Ministry of Skills Development and Entrepreneurship
    E) None of the above
    View Answer
    Option D
    Explanation:

    The ministry of skills development and entrepreneurship has notified draft guidelines for setting up the Academic Bank of Credit (ABC), paving way for implementation and operationalization of the National Credit Framework as envisaged under the National Education Policy 2020.
  7. Who has been appointed as a member of the Economic Advisory Panel by the World Bank Group, according to a statement released by the Centre for Social and Economic Progress (CSEP)?
    A) Raghuram Rajan
    B) Rakesh Mohan
    C) Urjit Patel
    D) Subir Gokarn
    E) None of the above
    View Answer
    Option B
    Explanation:

    The World Bank Group has appointed former Reserve Bank of India deputy governor Rakesh Mohan member of the Economic Advisory Panel, according to a statement released by New Delhi-based think tank Centre for Social and Economic Progress (CSEP).
  8. According to the United Nations, which region saw India emerge as the world’s fastest-growing major economy in 2023?
    A) Europe
    B) Asia-Pacific
    C) North America
    D) Middle East
    E) None of the above
    View Answer
    Option B
    Explanation:

    India has become the world’s fastest-growing major economy and a bright spot for the Asia-Pacific in 2023 amid strong household consumption and public investment in infrastructure, the United Nations said.
  9. Who launched India’s first indigenous gene therapy, CAR-T cell therapy NexCAR19, at the Indian Institute of Technology (IIT) Bombay, and who was responsible for its development in collaboration with Tata Memorial Centre?
    A) Prime Minister Narendra Modi, Prof. Rahul Purwar
    B) President Smt Droupadi Murmu , Prof. Rahul Purwar
    C) Vice President Jagdeep Dhankhar, Prof. Rahul Purwar
    D) Prof. Rahul Purwar, Prime Minister Narendra Modi
    E) Prof. Rahul Purwar, President Smt Droupadi Murmu
    View Answer
    Option B
    Explanation:

    The President of India, Smt Droupadi Murmu launched India’s first home-grown gene therapy CAR-T cell therapy NexCAR19 at the Indian Institute of Technology (IIT) Bombay.The NexCAR19 CAR-T therapy is developed by Prof. Rahul Purwar, Department of Bio-sciences and Bio-engineering along with his team at IIT Bombay, at the startup ImmunoACT which he co-founded with his students, and with doctors at Tata Memorial Centre, Mumbai.
  10. Which insurance company has recently partnered with Suryoday Small Finance Bank to serve as their “Corporate Agent” for offering Health Insurance?
    A) SBI General Insurance
    B) Magma HDI General Insurance
    C) Reliance General Insurance
    D) Oriental Insurance Company
    E) None of the above
    View Answer
    Option B
    Explanation:

    Magma HDI General Insurance Company, a prominent player in India’s general insurance sector, and Suryoday Small Finance Bank, renowned for its rapid growth in the small finance banking arena, have forged a Corporate Agency Agreement. By capitalizing on Suryoday Bank’s extensive urban and rural network, this collaboration seeks to bridge the gap in health insurance accessibility.
  11. Who released her debut book titled “Keira and the Bizarre Waterfall” at the age of 10?
    A) Azka Shahzad
    B) Keira Shahzad
    C) Shahzad Azka
    D) Emma Watson
    E) None of the above
    View Answer
    Option A
    Explanation:

    Azka Shahzad releases her debut book at the age of 10.The book titled “Keira and the Bizarre Waterfall” by Azka Shahzad was released at the Gems Wellington School Doha in the presence of the School Principal and Librarian.
  12. Which company is expanding its investment in motorsports by purchasing Dorna Sports, the owner of the rights to the MotoGP World Championship?
    A) Bridgepoint
    B) Canada Pension Plan Investment Board
    C) Liberty Media
    D) Dorna Sports
    E) None of the above
    View Answer
    Option C
    Explanation:

    Formula One (F1) owner Liberty Media is expanding its investment in motorsports by purchasing Dorna Sports, the owner of the rights to the MotoGP World Championship
  13. Which organization, along with the Defence Research and Development Organisation (DRDO), conducted the successful flight-test of the New Generation Ballistic Missile Agni-Prime from Dr APJ Abdul Kalam Island off the coast of Odisha?
    A) Indian Space Research Organisation (ISRO)
    B) Indian Army
    C) Strategic Forces Command (SFC)
    D) Indian Navy
    E) None of the above
    View Answer
    Option C
    Explanation:

    Strategic Forces Command (SFC), along with Defence Research and Development Organisation (DRDO), conducted the successful flight-test of New Generation Ballistic Missile Agni-Prime from Dr APJ Abdul Kalam Island off the coast of Odisha.
  14. Which country’s research center recently unveiled “the world’s most powerful laser”, based on the inventions of 2018 Nobel Physics Prize winners Gerard Mourou and Donna Strickland?
    A) Germany
    B) France
    C) Romania
    D) United States
    E) None of the above
    View Answer
    Option C
    Explanation:

    A research centre in Romania has recently unveiled “the world’s most powerful laser”, which is based on the inventions of 2018 Nobel Physics Prize winners Gerard Mourou and Donna Strickland.
  15. What decision did the Reserve Bank of India (RBI) Governor Shaktikanta Das make regarding the key policy repo rate in the first monetary policy of the financial year 2024-25, and what are the RBI’s projections for India’s real GDP growth rate and CPI inflation for the same financial year?
    A) Kept the repo rate unchanged at 6.5%, projected real GDP growth rate at 7%, and estimated CPI inflation at 4.5%.
    B) Reduced the repo rate to 6.5%, projected real GDP growth rate at 6%, and estimated CPI inflation at 3.5%.
    C) ) Increased the repo rate to 6.5%, projected real GDP growth rate at 8%, and estimated CPI inflation at 5%.
    D) Kept the repo rate unchanged at 7%, projected real GDP growth rate at 8%, and estimated CPI inflation at 4%.
    E) None of the above
    View Answer
    Option A
    Explanation:

    The Reserve Bank of India (RBI) Governor Shaktikanta Das announced the first monetary policy of the financial year 2024-25. The RBI decided to keep the key policy repo rate unchanged at 6.5% for the seventh consecutive time and also announced MSF & Bank rates to continue to be at 6.75%.Standing Deposit Facility (SDF)unchanged at 6.5%,Fixed Reverse Repo Rate unchanged at 3.35%, CRR unchanged at 4.50% and SLR unchanged at 18.00%
    The RBI has projected India’s real GDP growth rate for FY25 at 7%. CPI inflation for FY25 is estimated at 4.5%.
  16. Which organization has initiated a project in Junput village in West Bengal to construct a small test center for the country’s weapon systems, according to officials?
    A) Indian Space Research Organisation (ISRO)
    B) Defence Research and Development Organisation (DRDO)
    C) Indian Council of Agricultural Research (ICAR)
    D) Bharat Electronics Limited (BEL)
    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.
  17. Who is retiring from the Rajya Sabha, putting an end to his three-decade-long parliamentary innings in the Upper House?
    A) Sonia Gandhi
    B) Dr. Manmohan Singh
    C) Mamata Banerjee
    D) Priyanka Gandhi
    E) None of the above
    View Answer
    Option B
    Explanation:

    Former Prime Minister of India Dr Manmohan Singh will retire from the Rajya Sabha, putting an end to his three decade-long parliamentary innings in the Upper House.
  18. Who led the Indian delegation at the Secretaries of the Security Councils of Shanghai Cooperation Organisation (SCO) member countries in Kazakhstan, where the threat of terrorism and ways to enhance the security situation were discussed?
    A) Prime Minister Narendra Modi
    B) S. Jaishankar
    C) Rajnath Singh
    D) Ajit Doval
    E) None of the above
    View Answer
    Option D
    Explanation:

    National Security Advisor Ajit Doval led the Indian delegation at the Secretaries of the Security Councils of Shanghai Cooperation Organisation (SCO) member countries in Kazakhstan, where he highlighted the threat of terrorism and spoke on various ways to improve the security situation of the nations. He also called on Kassym-Jomart Toqayev, the president of Kazakhstan, along with representatives of other member states.
  19. Who is the top-ranked Indian chess player in the latest FIDE rankings, with a standard rating of 2756 and ranked ninth in the world?
    A) Viswanathan Anand
    B) Arjun Erigaisi
    C) Hikaru Nakamura
    D) Fabiano Caruana
    E) None of the above
    View Answer
    Option B
    Explanation:

    India has a new number 1 in the latest chess rankings, Arjun Erigaisi was the top-ranked Indian in the latest FIDE rankings released by the world governing body of chess. With a standard rating of 2756, Erigaisi is ranked ninth in the world.
  20. According to Forbes’ 2024 ‘World’s Billionaires’ list, what notable increase was observed in the number of Indian billionaires, and who is the youngest Indian billionaire included in the list?
    A) 20 ; Nikhil Kamath
    B) 25 ; Mukesh Ambani
    C) 25 ; Nithin Kamath
    D) 25 ; Nikhil Kamath
    E) None of the above
    View Answer
    Option D
    Explanation:

    Forbes unveiled its 2024 ‘World’s Billionaires’ list, revealing a notable surge in the number of Indian billionaires. According to the list, 25 Indians made their debut on the list this year.According to the Forbes 38th Annual World’s Billionaires List 2024, Mukesh Ambani, Chairman and Managing Director (CMD) of Reliance Industries Limited (RIL), is the only Indian to make it to the list of the top 10 billionaires in the world. Ambani was ranked 9th on the list, which was topped by Bernard Arnault & family, owner of the French luxury giant LVMH.
    Nikhil Kamath at the age of 37 years, co-founder of Zerodha, is the youngest Indian billionaire in the Forbes list.
  21. What was the key conclusion of the report titled “Synchronizing energy transitions towards possible Net-Zero for India: Affordable and clean energy for All” launched at a meeting held by IIM Ahmedabad?
    A) The electricity sector should aim to achieve net-zero energy systems by 2070.
    B) The report emphasizes the need for decarbonization of the electricity sector well before 2070.
    C) Evaluating the feasibility of nuclear power projects in India
    D) Analyzing the role of renewable energy sources in reducing carbon emissions
    E) Assessing the impact of clean energy initiatives on India’s economy
    View Answer
    Option B
    Explanation:

    A meeting was held for the launch of the report titled “Synchronizing energy transitions towards possible Net-Zero for India: Affordable and clean energy for All” prepared by IIM Ahmedabad.The report concludes that the electricity sector will need to decarbonize well before 2070 to achieve net-zero energy systems by 2070.
  22. Who has been nominated as one of the members of the Asian Athletic Commission by the Asian Athletic Association?
    A) Shiny Wilson
    B) PT Usha
    C) Milkha Singh
    D) None of these
    E) Anju Bobby George
    View Answer
    Option A
    Explanation:

    The Asian Athletic Commission has nominated Shiny Wilson, a former multiple Asian Games medallist in 400m and 800m and a four-time Olympian, as one of its members.
  23. Who has been appointed as the prime minister of Senegal by the country’s new president?
    A) Ousmane Sonko
    B) Bassirou Diomaye Faye
    C) Macky Sall
    D) PT Usha
    E) None of the above
    View Answer
    Option A
    Explanation:

    Senegal’s new president has appointed firebrand politician and key backer Ousmane Sonko as prime minister in his first act as the West African nation’s leader.
  24. What significant milestone is the North Atlantic Treaty Organization (NATO) marking on April 4, 2024, and how many founding members did NATO originally have when it was established?
    A) 50th anniversary with 5 founding members
    B) 60th anniversary with 10 founding members
    C) 75th anniversary with 12 founding members
    D) 100th anniversary with 15 founding members
    E) None of the above
    View Answer
    Option C
    Explanation:

    The North Atlantic Treaty Organization (NATO) is marking its 75th anniversary on April 4,2024. Over seven decades, the alliance’s ranks have almost tripled from its original 12 founding members.
  25. Which milestone did the Army Medical Corps (AMC) commemorate on April 3, 2024?
    A) 150th Raising Day
    B) 200th Raising Day
    C) 250th Raising Day
    D) 260th Raising Day
    E) None of the above
    View Answer
    Option D
    Explanation:

    The Army Medical Corps (AMC) marked its 260th Raising Day on April 3, 2024, commemorating a significant milestone in its history.
  26. Who, at the age of 64, recently passed away after battling cancer and was a prominent Tamil actor?
    A) Visheshwara Rao
    B) Rajinikanth
    C) Kamal Haasan
    D) Vijay
    E) None of the above
    View Answer
    Option A
    Explanation:

    Tamil actor Visheshwara Rao, who was 64 years old, died at a hospital in Chennai after battling cancer.

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