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Banking QuizCA Quizzes (English)

Current Affairs Quiz: February 25, 2024

    1. PM Modi inaugurated 9th edition of Raisina Dialogue in New Delhi. Who joined the inaugural session as the Chief Guest?
      A) Kyriakos Mitsotakis
      B) Katrín Jakobsdóttir
      C) Abiy Ahmed
      D) Nikol Pashinyan
      E) None of the above
      View Answer
      Option A
      Explanation:

      Prime Minister Narendra Modi inaugurated the 9th edition of Raisina Dialogue in New Delhi. Prime Minister of Greece, Kyriakos Mitsotakis joined the inaugural session as the Chief Guest
    2. Recently in February 2024, PM Modi laid foundation stone of AIIMS in which state?
      A) Punjab
      B) Bihar
      C) Haryana
      D) Tamil Nadu
      E) None of the above
      View Answer
      Option C
      Explanation:

      Prime Minister Narendra Modi laid the foundation stone of All India Institute of Medical Sciences (AIIMS), Rewari and said that this initiative is in line with the government’s commitment to prioritise the public health infrastructure and strengthen citizen-centric health services through holistic development of the health sector.
    3. India with which country has decided to cooperate in the field of archives and a draft Executive Programme of Cooperation had been agreed?
      A) Nepal
      B) Pakistan
      C) USA
      D) Oman
      E) None of the above
      View Answer
      Option D
      Explanation:

      India and Oman have decided to cooperate in the field of archives and a draft Executive Programme of Cooperation (EPC) has been agreed upon, during a visit by a delegation of the National Archives of India to the Gulf country.
    4. In a move to redefine India’s media landscape, Union minister for Information and Broadcasting of India launched four transformative portals. Who is Minister of Information and Broadcasting of India?A) Piyush Goyal
      B) Anurag Singh Thakur
      C) Virendra Kumar
      D) Ashwini Vaishnaw
      E) None of the above
      View Answer
      Option B
      Explanation:

      In a move to redefine India’s media landscape, Union minister Anurag Singh Thakur launched four transformative portals aimed at fostering a more conducive business environment, enhancing transparency in government communication, and providing easy access to authentic government videos.
    5. ServiceNow, a U.S.-based digital workflow company signed a Memorandum of Understanding (MOU) with the All India Council for Technical Education (AICTE) under the Ministry of Education. Who is the minister of education?
      A) Pralhad Joshi
      B) Giriraj Singh
      C) Dharmendra Pradhan
      D) Ashwini Vaishnaw
      E) None of the above
      View Answer
      Option C
      Explanation:

      ServiceNow, a U.S.-based digital workflow company signed a Memorandum of Understanding (MOU) with the All India Council for Technical Education (AICTE) under the Ministry of Education headed by Dharmendra Pradhan , to train over 10,000 students on the ServiceNow Platform in the first year.
    6. In which state National Thermal Power Corporation Green Energy to set up India’s largest green hydrogen production facility?
      A) Uttar Pradesh
      B) Telangana
      C) Bihar
      D) Andhra Pradesh
      E) None of the above
      View Answer
      Option D
      Explanation:

      Power sector PSU and India’s largest integrated power company NTPC Limited has signed a land lease agreement with Andhra Pradesh Industrial Infrastructure Corporation (APIIC) for setting up ‘Integrated Green Hydrogen Hub’, India’s largest green hydrogen production facility near Visakhapatnam.
    7. Corporate Affairs Ministry (MCA) has notified the introduction of ‘Leniency plus’ regime, paving the way for the Competition Commission of India (CCI) to roll out a new Cartel detecting tool that is expected to revolutionise Anti Trust enforcement in the country. Who is the minister for Corporate Affairs Ministry?
      A) G. Kishan Reddy
      B) Nirmala Sitharaman
      C) Pralhad Joshi
      D) Smriti Zubin Irani
      E) None of the above
      View Answer
      Option B
      Explanation:

      Corporate Affairs Ministry (MCA) headed by Nirmala Sitharaman has notified the introduction of ‘Leniency plus’ regime, paving the way for the Competition Commission of India (CCI) to roll out a new Cartel detecting tool that is expected to revolutionise Anti Trust enforcement in the country.
    8. CEIB has launched an “Automated Search Portal” to help public sector banks (PSBs) with antecedent verification of prospective borrowers and non-performing assets (NPAs). What does ‘I’ stands for in ‘CEIB’?
      A) Idea
      B) Intelligence
      C) Ideal
      D) Identification
      E) None of the above
      View Answer
      Option B
      Explanation:

      The Central Economic Intelligence Bureau (CEIB) has launched an “Automated Search Portal” to help public sector banks (PSBs) with antecedent verification of prospective borrowers and non-performing assets (NPAs).
    9. The Reserve Bank of India (RBI) allowed banks and non-banks to issue PPIs for public transit services such as metro, buses, rail, waterways, tolls, and parking. What does ‘I’ stands for in ‘PPI’?
      A) instruments
      B) ideal
      C) identification
      D) identical
      E) None of the above
      View Answer
      Option A
      Explanation:

      The Reserve Bank of India (RBI) allowed banks and non-banks to issue prepaid payment instruments (PPIs) for public transit services such as metro, buses, rail, waterways, tolls, and parking
    10. The Life Insurance Corporation of India (LIC) has launched “Amritbaal”, an insurance plan for children. What is the minimum age for entry?
      A) 45 days
      B) 60 days
      C) 30 days
      D) 90 days
      E) None of the above
      View Answer
      Option C
      Explanation:

      The Life Insurance Corporation of India (LIC) has launched “Amritbaal”, an insurance plan for children.The new “non-linked, non-participating, individual, savings, life insurance” plan is specifically designed to have an adequate corpus to meet the higher education and other needs of a child. The minimum and maximum age at entry are 30 days (completed) to 13 years (last birthday), respectively. The minimum and maximjum age at maturity are 18 years (last birthday) and 25 years (last birthday), respectively.
    11. A Memorandum of Understanding (MoU) was signed between the Investor Education and Protection Fund Authority (IEPFA) under the aegis of the Ministry of Corporate Affairs (MCA), with which bank?
      A) State bank of India
      B) DBS Bank
      C) Punjab National Bank
      D) Axis Bank
      E) None of the above
      View Answer
      Option B
      Explanation:

      A Memorandum of Understanding (MoU) was signed between the Investor Education and Protection Fund Authority (IEPFA) under the aegis of the Ministry of Corporate Affairs (MCA), and DBS Bank, a prominent financial institution with a strong presence in Asia and Southeast Asia in New Delhi.
    12. Which fintech lender secured a license for peer to peer (P2P) lending from the central bank, RBI ?
      A) Capital Float
      B) MoneyTap
      C) Credit Fair
      D) DMI Finance
      E) None of the above
      View Answer
      Option C
      Explanation:

      Credit Fair, a fintech lender, secured a license for peer to peer (P2P) lending from the central bank and aims to cater to over one lakh investors in the next three years.
    13. Which bank got authorized to collect revenues on behalf of West Bengal govt?
      A) Indian Bank
      B) Dena Bank
      C) Bandhan Bank
      D) Bank of Maharashtra
      E) None of the above
      View Answer
      Option C
      Explanation:

      Private lender Bandhan Bank said that it has been authorised by the West Bengal government to collect tax and non-tax receipts on its behalf. The mandate will enable the bank to collect revenues through the Government Receipt Portal System (GRIPS)
    14. Which private life insurance company and Satin Creditcare Network Limited have announced their strategic partnership with insurance broker Coverfox, to together improve financial inclusion in rural India?
      A) Birla Sun Life Insurance
      B) Max Life Insurance
      C) Bajaj Allianz Life
      D) Tata-AIG Life Insurance
      E) None of the above
      View Answer
      Option C
      Explanation:

      Private life insurers Bajaj Allianz Life and non-banking finance corporation – micro finance institution (NBFC-MFI) Satin Creditcare Network Limited, has announced their strategic partnership with insurance broker Coverfox, playing a pivotal role in enabling this collaboration
    15. As per India Ratings and Research (Ind-Ra) at what rate is the Indian economy expected to grow during Fiscal Year (FY) 2024-25?
      A) 6.5%
      B) 5.5%
      C) 4.5%
      D) 6.4%
      E) None of the above
      View Answer
      Option A
      Explanation:

      Indian economy is estimated to grow at 6.5 per cent during Fiscal Year (FY) 2024-25, India Ratings and Research (Ind-Ra) said. The agency also expects the pace of private investment to accelerate if the present government returns to power
    16. Reliance Foundation partnered with NSDC to create future ready courses for 5 lakh youth. What does ‘S’ stands for in ‘NSDC’?
      A) Safety
      B) Savings
      C) Skill
      D) Simulation
      E) None of the above
      View Answer
      Option C
      Explanation:

      Reliance Foundation and the National Skill Development Corporation (NSDC) have entered into a strategic partnership to create courses with future-ready skills for 500,000 Indian youth.
    17. India’s AI market, growing at a compounded annual growth rate (CAGR) of 25-35 per cent is projected to increase by what amount by 2027?
      A) $17 billion
      B) $15 billion
      C) $10 billion
      D) $8 billion
      E) None of the above
      View Answer
      Option A
      Explanation:

      India’s AI market, growing at a compounded annual growth rate (CAGR) of 25-35 per cent is projected to reach USD 17-billion by 2027, according to the Nasscom report in partnership with BCG was released at the sidelines of the Nasscom Technology & Leadership Forum 2024
    18. The Government has appointed whom as part-time non-official director as well as non-executive chairman of the public sector lender Indian Overseas Bank?
      A) Srinivasan Sridhar
      B) S. Vishvanathan
      C) S.S Mallikarjuna Rao
      D) Sanjiv Chadha
      E) None of the above
      View Answer
      Option A
      Explanation:

      Indian Overseas Bank (IOB) said the Government has appointed Srinivasan Sridhar as part-time non-official director as well as non-executive chairman of the public sector lender for a period of three years with effect from February 21.
    19. Which bank has won seven awards in various categories in the recently concluded ‘19th Banking Technology Conference, Expo & Citations 2023’ by the Indian Banks Association (IBA) in Mumbai?
      A) State Bank of India
      B) Axis Bank
      C) HDFC Bank
      D) City Union Bank
      E) None of the above
      View Answer
      Option D

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