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Banking QuizCA Quizzes (English)

Current Affairs Quiz: April 6, 2024

  1. Which action did the Indian government take regarding onion exports to friendly countries following a ban imposed in December 2023?
    A) They continued the ban indefinitely.
    B) They restricted exports only to neighboring countries.
    C) They lifted the ban and allowed exports to friendly nations.
    D) They imposed stricter regulations on onion exports to all countries.
    E) None of the above
    View Answer
    Option C
    Explanation:

    The government of India has allowed the export of onions to friendly countries such as Bangladesh, the United Arab Emirates, Bahrain, Mauritius, and Bhutan.The government, which banned the export of onions in December 2023, has accepted the request of these friendly countries for Indian onions. India was the largest exporter of onion in the world in 2022-23.
  2. Which of the following statements accurately summarizes India’s goal regarding urea imports by the end of 2025, as stated by Chemicals and Fertilisers Minister Mansukh Mandaviya?
    A) India aims to significantly reduce urea imports by the end of 2025.
    B) India plans to completely eliminate urea imports by the end of 2025.
    C) India expects a slight increase in urea imports by the end of 2025.
    D) India will maintain current levels of urea imports by the end of 2025.
    E) None of the above
    View Answer
    Option B
    Explanation:

    India will by the end of 2025 stop importing urea as a massive push for domestic manufacturing has helped bridge the gap between supply and demand, Chemicals and Fertilisers Minister Mansukh Mandaviya has said.
  3. Which technological innovation has recently been introduced at Manohar International Airport in Goa for air travelers?
    A) Automated baggage handling system
    B) None of these
    C) Biometric-enabled DigiYatra system
    D) Virtual reality entertainment zones
    E) Drone surveillance for security purposes
    View Answer
    Option C
    Explanation:

    Manohar International Airport has rolled out the biometric-enabled DigiYatra system for air travellers in Goa. The system uses facial recognition for the boarding process, eliminating the need for physical documents like ID proof, which were checked manually by the security personnel.
  4. Which organization, known as the UAE’s clean energy powerhouse, is preparing to host the World Future Energy Summit (WFES)?
    A) Abu Dhabi Energy Corporation
    B) Dubai Electricity and Water Authority (DEWA)
    C) Abu Dhabi Future Energy Company PJSC – Masdar
    D) Emirates National Oil Company (ENOC)
    E) None of the above
    View Answer
    Option C
    Explanation:

    Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy powerhouse, is gearing up to host the World Future Energy Summit (WFES).
  5. What recent declaration has been made by Zimbabwe regarding the current situation in southern Africa?
    A) State of emergency due to political unrest
    B) State of disaster due to flooding
    C) State of disaster due to a devastating drought
    D) State of emergency due to a health crisis
    E) None of the above
    View Answer
    Option C
    Explanation:

    Zimbabwe declared a state of disaster over a devastating drought that’s sweeping across much of southern Africa, with the country’s president saying it needs $2 billion for humanitarian assistance.
  6. According to a recent study published in The Lancet, what is the average increase in global life expectancy between 1990 and 2021?
    A) Approximately four years
    B) Approximately six years
    C) Approximately eight years
    D) Approximately ten years
    E) None of the above
    View Answer
    Option B
    Explanation:

    On average, people across the world are living more than six years longer in 2021 than what they did in 1990, according to a new study published in The Lancet, which also showed that life expectancy in India has increased by nearly eight years in the past three decades.
  7. Which countries have been identified as having improved the most globally in providing the best environment for businesses in the past year, according to a report by Economist Intelligence Unit (EIU)?
    A) Greece, Brazil, and China
    B) Qatar, Japan, and Australia
    C) Greece, Qatar, and India
    D) India, United States, and United Kingdom
    E) None of the above
    View Answer
    Option C
    Explanation:

    Greece, Qatar and India have improved the most globally in providing the best environment to businesses in the past one year, according to a report by Economist Intelligence Unit (EIU).India came third on the list of most improved countries as a result of its youthful demographic, which promises strong demand and availability of good labour, the report said.
  8. According to a recent report released by the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), what is the projected impact of rising temperatures on India’s daily working hours by 2030?
    A) A decrease of 5.8 percent
    B) An increase of 5.8 percent
    C) A decrease of 10 percent
    D) An increase of 10 percent
    E) None of the above
    View Answer
    Option A
    Explanation:

    India is expected to lose around 5.8 per cent of daily working hours due to rising temperatures by 2030, leading to erosion in productivity and lower collection of fiscal revenue, said a recent report released by the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP).
  9. What transformation are Small Island Developing States (SIDS) increasingly undergoing, as described in recent developments?
    A) Transitioning from rural to urban centers
    B) Shifting from agriculture to industrialization
    C) Becoming Small Island Digital States
    D) Evolving into self-sustaining energy producers
    E) None of the above
    View Answer
    Option C
    Explanation:

    Small Island Developing States (SIDS) are increasingly becoming Small Island Digital States. Digital is positively impacting lives and livelihoods across SIDS – improving the reach and effectiveness of government and public service delivery, providing exciting new opportunities for citizen engagement and empowerment; and shaping new products, sectors, and opportunities.
  10. What penalties have been imposed by the Reserve Bank of India (RBI) on IDFC First Bank and LIC Housing Finance for violating certain loan norms?
    A) Rs 1 crore on IDFC First Bank and Rs 49.70 crore on LIC Housing Finance
    B) Rs 1 crore on IDFC First Bank and Rs 49.70 lakh on LIC Housing Finance
    C) Rs 1 lakh on IDFC First Bank and Rs 49.70 crore on LIC Housing Finance
    D) Rs 1 lakh on IDFC First Bank and Rs 49.70 lakh on LIC Housing Finance
    E) None of the above
    View Answer
    Option B
    Explanation:

    The Reserve Bank has imposed a penalty of Rs 1 crore on IDFC First Bank and Rs 49.70 lakh on LIC Housing Finance for violation of certain norms regarding loans.
  11. What is the projected Consumer Price Index (CPI) inflation for the fiscal year 2024–25 (FY25) according to the Reserve Bank of India (RBI)?
    A) 5.0%
    B) 4.5%
    C) 4.0%
    D) 3.5%
    E) 5.5%
    View Answer
    Option B
    Explanation:

    The Reserve Bank of India (RBI) projected CPI inflation for year 2024–25 (FY25) is 4.5%, with Q1 at 4.9%, Q2 at 3.8%, Q3 at 4.6%, and Q4 at 4.5%.The RBI governor declared that the risks are evenly distributed.
  12. Which innovative service has J&K Bank introduced in partnership with Paymart India Pvt Ltd to enhance banking convenience for customers in J&K and Ladakh?
    A) Virtual Credit Card
    B) Virtual ATM (VATM) service
    C) Digital Wallet
    D) Contactless Payment System
    E) None of the above
    View Answer
    Option B
    Explanation:

    J&K Bank has announced a partnership with Paymart India Pvt Ltd to introduce an innovative Virtual ATM (VATM) service, aimed at enhancing banking convenience for customers in J&K and Ladakh.
  13. What is the new implementation date set by the Reserve Bank of India (RBI) for its consolidated directions for exchange-traded currency derivatives (ETCD)?
    A) April 3, 2024
    B) May 3, 2024
    C) June 3, 2024
    D) July 3, 2024
    E) None of the above
    View Answer
    Option B
    Explanation:

    The Reserve Bank of India delayed the implementation of its consolidated directions for exchange-traded currency derivatives (ETCD) by a month, a move that should ease the panic seen in the market this week.In view of feedback received and recent developments, it has been decided that these directions will now come into effect May 03, 2024, RBI said.
  14. What is the capacity of NTPC’s Barauni Thermal Power Station Stage-I, which is the state-owned power giant has closed down permanently?
    A) 120 MW
    B) 220 MW
    C) 320 MW
    D) 420 MW
    E) None of the above
    View Answer
    Option B
    Explanation:

    State-owned power giant NTPC has closed down its Barauni Thermal Power Station Stage-I of 220 MW permanently.
  15. Who among the following Indian weightlifters has secured a bronze medal at the IWF World Cup 2024 held in Phuket, Thailand?
    A) Bindyarani Devi
    B) Mirabi Chanu
    C) Sathish Kumar Sivalingam
    D) Sanjita Chanu
    E) None of the above
    View Answer
    Option A
    Explanation:

    Bindyarani Devi, the Birmingham Commonwealth Games 2022 silver medallist, won a bronze medal at the IWF World Cup 2024, held in Phuket, Thailand.Indian weightlifter Mirabi Chanu qualified for the Paris Summer Olympics 2024 despite finishing 12th in the 49 kg category. She is the only Indian weightlifter to qualify for the Paris Olympics.
  16. Who has been appointed as the Chairman of the Internal Departmental Committee by the Delhi High Court for the protection and management of deemed forests in the national capital?
    A) Justice Najmi Waziri
    B) Justice Gita Mittal
    C) Justice D.Y. Chandrachud
    D) Justice Arun Mishra
    E) None of the above
    View Answer
    Option A
    Explanation:

    The Delhi High Court has appointed its former judge, Justice Najmi Waziri, as the Chairman of the Internal Departmental Committee constituted for protection and management of deemed forests in the national capital.
  17. Who has been unanimously elected as the Chairman of the National Cooperative Dairy Federation of India Ltd. (NCDFI) in its recent Board elections?
    A) Mr. Sunil Gupta
    B) Mr. Ramesh Kumar
    C) Ms. Priya Patel
    D) Dr. Meenesh Shah
    E) None of the above
    View Answer
    Option D
    Explanation:

    The National Cooperative Dairy Federation of India Ltd. (NCDFI), in its Board elections held, unanimously elected Dr. Meenesh Shah as the Chairman.
  18. Who has been appointed as the next executive secretary of the Convention on Biological Diversity (CBD) by the UN, ahead of the upcoming COP16 biodiversity summit?
    A) Astrid Schomaker
    B) David Attenborough
    C) Greta Thunberg
    D) Emmanuel Macron
    E) None of the above
    View Answer
    Option A
    Explanation:

    The UN has appointed German environmental diplomat Astrid Schomaker as the next executive secretary of the Convention on Biological Diversity (CBD), ahead of the crucial COP16 biodiversity summit due to be held in Colombia later this year.
  19. Who among the following individuals from the corporate sector has been selected as one of the ‘Young Global Leaders’ by the World Economic Forum?
    A) Shashwat Goenka
    B) Mukesh Ambani
    C) Ratan Tata
    D) Adi Godrej
    E) None of the above
    View Answer
    Option A
    Explanation:

    Shashwat Goenka, Vice Chairman of Kolkata-based RP Sanjiv Goenka group, was among the four Indians selected from the corporate sector in the World Economic Forum’s latest list of ‘Young Global Leaders’.
  20. Who among the following individuals has been selected as part of the World Economic Forum’s Young Global Leaders Community: The Class of 2024?
    A) Mukesh Ambani
    B) Priya Agarwal Hebbar
    C) None of these
    D) Ratan Tata
    E) Indra Nooyi
    View Answer
    Option B
    Explanation:

    Vedanta Ltd Non-Executive Director Priya Agarwal Hebbar is among the five Indians who have been as part of the World Economic Forum’s Young Global Leaders Community: The Class of 2024.
  21. Which prestigious award did SJVN Limited receive at the CIDC Vishwakarma Awards 2024 for its Corporate Social Responsibility (CSR) Contribution?
    A) Best CSR Contribution Award
    B) Construction Industry Excellence Award
    C) 15th CIDC Vishwakarma Award
    D) Vishwakarma CSR Achievement Award
    E) None of the above
    View Answer
    Option C
    Explanation:

    SJVN Limited was awarded the 15th CIDC Vishwakarma Award 2024 for Corporate Social Responsibility (CSR) Contribution. SJVN has received two prestigious awards at the CIDC Vishwakarma Awards 2024 instituted by the Construction Industry Development Council.
  22. Which defense sector received the delivery of the first indigenously designed and developed Crash Fire Tender (CFT) ?
    A) Indian Army
    B) Indian Air Force
    C) Indian Navy
    D) Indian Coast Guard
    E) None of the above
    View Answer
    Option B
    Explanation:

    In a major boost for India’s MSME sector, the Indian Air Force (IAF) has recently received the delivery of the first indigenously designed and developed Crash Fire Tender (CFT).This significant procurement comes as part of a contract worth Rs 291 crore awarded to a Noida-based MSME firm, highlighting the IAF’s commitment to supporting domestic manufacturing and production entities.
  23. Which Indian defense company did the Ministry of Defence sign a contract with to procure the Akashteer system for the Indian Army, aimed at enhancing air defense capabilities?
    A) Hindustan Aeronautics Limited (HAL)
    B) Bharat Electronics Limited (BEL)
    C) Bharat Dynamics Limited (BDL)
    D) Tata Advanced Systems Limited (TASL)
    E) None of the above
    View Answer
    Option B
    Explanation:

    The Indian Army has begun the induction of the indigenous Akashteer system to boost its air defence capabilities, officials aware of the matter said. The automated air defence control and reporting system will allow the army’s air defence units to operate in an integrated manner. The development came almost a year after the defence ministry signed a ₹1,982-crore contract with Bharat Electronics Limited (BEL) to sharpen the army’s air defence capabilities with the new system.
  24. Where did researchers from Kerala University, in collaboration with various institutions, uncover new insights into the Early Harappan civilization?
    A) Bhuj, Gujarat
    B) Rakhigarhi, Haryana
    C) Kalibangan, Rajasthan
    D) Padta Bet, Gujarat
    E) None of the above
    View Answer
    Option D
    Explanation:

    Recently, archaeologists from Kerala University in collaboration with various institutions uncovered new insights into the Early Harappan civilization at Padta Bet, Gujarat.

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