Monday, June 24, 2024
Banking QuizCA Quizzes (English)

Current Affairs Quiz: June 11, 2024

  1. In June 2024, the Finance Ministry released an additional instalment of tax devolution to states to spur economic development. Which state received the largest chunk of the funds?
    A) Bihar
    B) Uttar Pradesh
    C) Madhya Pradesh
    D) West Bengal
    E) None of the above
    View Answer
    Option B
    Explanation:

    In a move to spur economic development in states, Finance Ministry has released an additional instalment of tax devolution to states for June 2024. The total amount released to states for June now stands at Rs 1,39,750 crore.The biggest chunk of the fund went to Uttar Pradesh at Rs 25,069.88 crore, followed by Bihar at Rs 14,056.12 crore, Madhya Pradesh got Rs 10,970.44 crore, and West Bengal was devolved Rs 10,513.46 crore.
  2. What is the purpose of the UAV/UAS/Drone Acceleration and Networking (UDAAN) programme launched by the Startup Incubation and Innovation Centre (SIIC) at IIT Kanpur?
    A) To develop new educational curricula on drone technology.
    B) To boost drone startups in India.
    C) To conduct research on the environmental impact of drones.
    D) To provide subsidies for purchasing drones for agricultural use.
    E) None of the above
    View Answer
    Option B
    Explanation:

    The Startup Incubation and Innovation Centre (SIIC) at Indian Institutes of Technology (IIT) Kanpur launched the UAV/UAS/Drone Acceleration and Networking (UDAAN) programme to boost drone startups in India.
  3. What social practice has the National Human Rights Commission (NHRC) expressed serious concern about in parts of Rajasthan, Madhya Pradesh, Uttar Pradesh, and Gujarat?
    A) Dowry system
    B) Child marriage
    C) Nata Pratha
    D) Caste discrimination
    E) None of the above
    View Answer
    Option C
    Explanation:

    The National Human Rights Commission (NHRC) has issued a notice to four states- Uttar Pradesh, Madhya Pradesh, Rajasthan, and Gujarat. This notice follows a 2020 case in which a father sold his daughter for 2.5 lakhs and later filed a complaint with the commission upon discovering her dead body.The NHRC has expressed serious concern over the social practice of Nata Pratha, where girls are sold by their family members under the guise of marriage in parts of Rajasthan, Madhya Pradesh, Uttar Pradesh, and Gujarat.
  4. Which states lead the chart in terms of the number of farmers who voluntarily gave up the benefits of the Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) scheme from June 2023 to May 2024?
    A) Maharashtra, Gujarat, and Punjab
    B) Bihar, Uttar Pradesh, and Rajasthan
    C) Tamil Nadu, Karnataka, and Andhra Pradesh
    D) West Bengal, Odisha, and Assam
    E) None of the above
    View Answer
    Option B
    Explanation:

    Bihar, Uttar Pradesh and Rajasthan lead the chart of 1.16 lakh farmers who have voluntarily given up the benefits of the annual Rs 6,000 Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) scheme across the country from June 2023 to May 2024, according to data available with the Ministry of Agriculture & Farmers Welfare.
  5. What decision has the European Commission (EC) made regarding Tanzania in relation to its conservation grant for East Africa under the NaturAfrica initiative?
    A) Tanzania has been granted an additional 18 million Euros for conservation efforts.
    B) Tanzania has been added to the list of eligible countries for the conservation grant.
    C) Tanzania has been removed from the list of eligible countries for the conservation grant.
    D) Tanzania’s grant has been increased to 20 million Euros.
    E) None of the above
    View Answer
    Option C
    Explanation:

    The European Commission (EC) has removed Tanzania from the list of countries eligible for its 18 million Euro conservation grant to be launched in East Africa as part of its NaturAfrica initiative.This decision has implications for conservation efforts in East Africa, particularly concerning the Eastern Rift Savannahs and Watersheds (ERiSaWa) component of the initiative.
  6. Where did the BRICS Foreign Ministers meeting, which included representatives from Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE for the first time, take place?
    A) Russia
    B) China
    C) India
    D) South Africa
    E) None of the above
    View Answer
    Option A
    Explanation:

    India has wholeheartedly welcomed Egypt, Iran, UAE, Saudi Arabia and Ethiopia joining the BRICS as their representatives attended for the first time a key meeting of the grouping hosted by Russia. The BRICS Foreign Ministers meeting in Nizhny Novgorod was the first ministerial meeting following BRICS expansion in 2023 when Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE joined the grouping as full-fledged BRICS members.
  7. Where did the Export-Import Bank of India (India Exim Bank) recently open its East Africa Representative Office?
    A) Addis Ababa, Ethiopia
    B) Nairobi, Kenya
    C) Dar es Salaam, Tanzania
    D) Kampala, Uganda
    E) None of the above
    View Answer
    Option B
    Explanation:

    The Export-Import Bank of India (India Exim Bank) recently opened its East Africa Representative Office in Nairobi, Kenya, aiming to expand India’s business footprint in the resource-rich and demographically young continent of East Africa.
  8. What change is the Reserve Bank of India (RBI) proposing regarding the definition of bulk deposits for scheduled commercial banks (excluding regional rural banks), small finance banks, and local area banks?
    A) Increasing the minimum deposit amount from ₹2 crore to ₹4 crore.
    B) Decreasing the minimum deposit amount from ₹3 crore to ₹2 crore.
    C) Increasing the minimum deposit amount from ₹3 crore to ₹5 crore.
    D) Decreasing the minimum deposit amount from ₹2 crore to ₹1 crore.
    E) Increasing the minimum deposit amount from ₹2 crore to ₹3 crore.
    View Answer
    Option E
    Explanation:

    With deposit growth lagging credit growth, the Reserve Bank of India (RBI) said it plans to revise upwards the definition of bulk deposits for scheduled commercial banks (excluding regional rural banks), small finance banks and local area banks.
    RBI is proposing to revise the definition of bulk deposits as ‘single Rupee term deposit of ₹3 crore and above’ for scheduled commercial banks/SCBs (excluding regional rural banks/RRBs) and Small Finance Banks. Currently, ‘single Rupee term deposit of ₹2 crore and above’ are classified as bulk deposits by these banks.
  9. What is the purpose of the National Health Claim Exchange (NHCX), set to be rolled out in five Kolkata hospitals?
    A) To facilitate the exchange of medical records between hospitals and insurance companies.
    B) To provide financial assistance to patients in need of medical treatment.
    C) To establish a network of hospitals for medical research purposes.
    D) To train medical professionals in advanced technologies.
    E) None of the above
    View Answer
    Option A
    Explanation:

    The National Health Claim Exchange (NHCX), a technology-enabled platform for exchanging claim-related documents among insurance companies along with patients’ medical records is all set to be rolled out in five Kolkata hospitals.
  10. What penalty did the Securities and Exchange Board of India (Sebi) impose on 11 individuals for their involvement in a ‘pump and dump’ scheme related to the scrip of Svarnim Trade Udyog?
    A) Rs 7.75 crore
    B) Rs 92.37 lakh
    C) Rs 12.37 crore
    D) Rs 5.75 crore
    E) None of the above
    View Answer
    Option A
    Explanation:

    The Securities and Exchange Board of India (Sebi) has slapped a fine of Rs 7.75 crore on 11 individuals for allegedly operating a ‘pump and dump’ scheme in scrip of Svarnim Trade Udyog .
  11. According to the Survey on Household Consumption Expenditure by the Ministry of Statistics and Programme Implementation, what was the percentage difference in average monthly capital expenditure between Rural India and Urban India during the period from August 2022 to July 2023?
    A) 71% lower in Rural India compared to Urban India.
    B) 71% higher in Rural India compared to Urban India.
    C) 50% lower in Rural India compared to Urban India.
    D) 50% higher in Rural India compared to Urban India.
    E) None of the above
    View Answer
    Option A
    Explanation:

    The Survey on Household Consumption Expenditure by the Ministry of Statistics and Programme Implementation has found that Rural India’s average monthly capital expenditure stood 71 percent lower than Urban India in the period from August 2022 to July 2023.
  12. Who emerged as the champions at the Norway Chess tournament in Stavanger?
    A) Magnus Carlsen and Hou Yifan
    B) Viswanathan Anand and Kateryna Lagno
    C) Magnus Carlsen and Ju Wenjun
    D) Fabiano Caruana and Irina Krush
    E) None of the above
    View Answer
    Option C
    Explanation:

    Magnus Carslen and Ju Wenjun emerged as the champions at the Norway Chess tournament at Stavanger. Carlsen, with 17.5 points, was the clear winner in the open section, as was Ju, with 19, in the women’s.
  13. Who won the silver medal in the Men’s 5000-metre race at the Portland Track Festival High-Performance Meet in Portland, US?
    A) Gulveer Singh
    B) Dylan Jacobs
    C) Eric Van Der Els
    D) Eliud Kipchoge
    E) Usain Bolt
    View Answer
    Option A
    Explanation:

    In athletics, India’s Gulveer Singh has clinched the silver medal in the Men’s 5000-metre race at the Portland Track Festival High-Performance Meet in Portland, US. Dylan Jacobs of USA bagged the gold, while his compatriot Eric Van Der Els won the bronze medal.
  14. Who won the Heilbronn Neckarcup Challenger in Germany in the men’s singles category?
    A) Alexander Ritschard
    B) Sumit Nagal
    C) Rafael Nadal
    D) Novak Djokovic
    E) None of the above
    View Answer
    Option B
    Explanation:

    In tennis, India’s Sumit Nagal clinched the Heilbronn Neckarcup Challenger in Germany. He defeated Alexander Ritschard of Switzerland, 6-1, 6-7, 6-3 in the men’s singles title clash. This is his 6th ATP Challenger title.
  15. Who won the Canadian Grand Prix, securing their third consecutive victory in the race and marking their 60th Formula 1 victory?
    A) Lewis Hamilton
    B) Sebastian Vettel
    C) Max Verstappen
    D) Charles Leclerc
    E) None of the above
    View Answer
    Option C
    Explanation:

    Max Verstappen won the Canadian Grand Prix for the third straight year for the Red Bull star’s 60th Formula 1 victory and sixth in nine races this season.
  16. Who made history as the first mixed martial arts fighter from India to win a bout at the Ultimate Fighting Championship (UFC) in UFC Louisville?
    A) Ritu Phogat
    B) Puja Tomar
    C) Arjan Bhullar
    D) Asha Roka
    E) None of the above
    View Answer
    Option B
    Explanation:

    India’s Puja Tomar scripted history as she became the first mixed martial arts fighter from the country to win a bout at the Ultimate Fighting Championship (UFC) in UFC Louisville.
  17. Who was appointed as the first woman helicopter pilot in the Indian Navy during the passing out parade at INS Rajali Naval Air Station?
    A) Anamika B. Rajeev
    B) Smitha P. Tomar
    C) Priya J. Singh
    D) None of these
    E) Aarti S. Sharma
    View Answer
    Option A
    Explanation:

    The Navy celebrated a historic moment as it welcomed its first woman helicopter pilot, Sub-Lieutenant Anamika B. Rajeev, during the passing out parade at INS Rajali Naval Air Station in Arakkonam, Tamil Nadu.
  18. Which political leader recently took oath as the Chief Minister of Sikkim for a second consecutive term?
    A) Prem Singh Tamang
    B) Pawan Chamling
    C) Bimal Gurung
    D) Hemant Soren
    E) None of the above
    View Answer
    Option A
    Explanation:

    Sikkim Krantikari Morcha supremo Prem Singh Tamang(56) took oath as the Chief Minister of the Himalayan state for a second consecutive term. Governor Lakshman Prasad Acharya administered the oath of office and secrecy to Prem Singh Tamang and his Council of Ministers during the swearing-in ceremony at Paljor Stadium.
  19. Which regulatory body in India was awarded the “Best Conduct of Business Regulator” award in the Asia Pacific region by The Asian Banker?
    A) RBI (Reserve Bank of India)
    B) SEBI (Securities and Exchange Board of India)
    C) IRDAI (Insurance Regulatory and Development Authority of India)
    D) PFRDA (Pension Fund Regulatory and Development Authority)
    E) None of the above
    View Answer
    Option B
    Explanation:

    Sebi has been given ‘Best Conduct of Business Regulator’ award in Asia Pacific by The Asian Banker for its role in enhancing the regulatory framework for securities markets in India.The award was received by Sebi’s Whole Time Member Kamlesh Chandra Varshney in a ceremony held in Hong Kong.
  20. What prestigious award did Maharashtra Governor Ramesh Bais present in Mumbai, given by the Plastics Export Promotion Council under the Ministry of Commerce and Industry of the Government of India?
    A) Plastic Manufacturing Excellence Award
    B) Plastic Innovation Achievement Award
    C) None of these
    D)Plastic Export Excellence Award
    E) Plastic Sustainability Leadership Award
    View Answer
    Option D
    Explanation:

    Maharashtra Governor Ramesh Bais presented the ‘Plastic Export Excellence Award’ given by the Plastics Export Promotion Council under the Ministry of Commerce and Industry of the Government of India in Mumbai.
    P. Tapadia received the Lifetime Achievement Award, and Arvind Goenka, former president of the council, was given a special honour. In total, 75 plastic exporters were awarded.
  21. Who was honored with the prestigious EY World Entrepreneur Of The Year 2024 award at a ceremony held in Monaco’s Salle des Etoiles?
    A) Vellayan Subbiah
    B) Mukesh Ambani
    C) Ratan Tata
    D) N. R. Narayana Murthy
    E) None of the above
    View Answer
    Option A
    Explanation:

    Vellayan Subbiah, Executive Vice-Chairman of Tube Investments of India (TII) and Chairman of Cholamandalam (Chola) Investment and Finance Co. Ltd., was named the EY World Entrepreneur Of The Year 2024 at an award ceremony held in Monaco’s Salle des Etoiles.
  22. Which former astronaut, renowned for capturing the iconic “Earthrise” photo during the Apollo 8 mission in 1968, tragically passed away at the age of 90 after his solo-piloted plane crashed into the waters off the San Juan Islands in Washington state?
    A) Neil Armstrong
    B) Buzz Aldrin
    C) Michael Collins
    D) William Anders
    E) None of the above
    View Answer
    Option D
    Explanation:

    Retired Maj. Gen. William Anders, the former Apollo 8 astronaut who took the iconic “Earthrise” photo showing the planet as a shadowed blue marble from space in 1968, was killed when the plane he was piloting alone plummeted into the waters off the San Juan Islands in Washington state. He was 90.
  23. What is the title of Bill Gates’ upcoming memoir, scheduled to be released on February 4, 2025?
    A) The Windows of Opportunity
    B) Code Red: Inside Microsoft
    C) Source Code: My Beginnings
    D) Gates Unlocked: A Tech Odyssey
    E) None of the above
    View Answer
    Option C
    Explanation:

    Microsoft co-founder Bill Gates has revealed plans to release his highly anticipated memoir, titled “Source Code: My Beginnings.” Set to hit the shelves on February 4, 2025, this literary endeavor promises to offer an intimate glimpse into the life and experiences that shaped one of the world’s most influential tech pioneers.
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