Tuesday, July 16, 2024
Banking QuizCA Quizzes (English)

Current Affairs Quiz: June 12, 2024

  1. During the 484th birthday celebrations of Maharana Pratap of Mewar on 9 June 2024 in Udaipur, which project did Rajasthan Chief Minister Bhajan Lal Sharma announce a Rs100 crore investment for?
    A) Development of a new industrial zone
    B) Construction of a new sports complex
    C) Development of the Maharana Pratap Tourist Circuit
    D) Establishment of a new university
    E) None of the above
    View Answer
    Option C
    Explanation:

    Rajasthan Chief Minister Bhajan Lal Sharma, announced a Rs100 crore investment to develop the Maharana Pratap Tourist Circuit during the inauguration of Maharana Pratap Jayanti celebrations in Udaipur where the 484th birthday of the legendary Maharana Pratap of Mewar was celebrated on 9 June 2024.
  2. Which entity will manage the terminal at Mongla port in Bangladesh, marking India’s third overseas port operation?
    A) Adani Ports and Special Economic Zone Ltd
    B) India Ports Global Ltd (IPGL)
    C) Jawaharlal Nehru Port Trust
    D) Shipping Corporation of India
    E) None of the above
    View Answer
    Option B
    Explanation:

    Following successful agreements for Chabahar Port in Iran and Sittwe in Myanmar, India is set to operate a terminal at Mongla port in Bangladesh. This will be the third overseas port operation by India as New Delhi rapidly sheds reticence in foraying abroad to expand its commercial interests in the ports and shipping sector.
    The terminal at Mongla will be managed by India Ports Global Ltd (IPGL). A senior official from the Ministry of Ports, Shipping and Waterways said that IPGL will henceforth be the preferred entity for India’s international port operations.
  3. Who led the Indian tripartite delegation at the 112th session of the International Labour Conference (ILC) of the International Labour Organisation (ILO) in Geneva, Switzerland?
    A) S. Jaishankar
    B) Rajesh Verma
    C) Narendra Modi
    D) None of these
    E) Sumita Dawra
    View Answer
    Option E
    Explanation:

    The Indian tripartite delegation led by Secretary (Labour & Employment), Ms. Sumita Dawra, participated in the 112th session of the International Labour Conference (ILC) of International Labour Organisation (ILO) being held in Geneva, Switzerland.
  4. Which Indian navy vessel is participating in the 8th edition of the Japan-India Maritime Exercise (JIMEX-24) at Yokosuka, Japan?
    A) INS Vikramaditya
    B) INS Chakra
    C) INS Shivalik
    D) INS Viraat
    E) None of the above
    View Answer
    Option C
    Explanation:

    Portugal plans to adapt its golden visa scheme to allow wealthy foreigners seeking residency rights to invest in affordable housing for locals or accommodation for migrants, the cabinet affairs minister told. The golden visa scheme has attracted more 7.3 billion euros ($7.94 billion) of funds since its launch. But critics say it has also exacerbated a housing crisis and it has undergone several changes in recent years.
  5. Which financial institution recently announced its acquisition of a stake in the Clearing Corporation of India Ltd. (IFSC) during an event celebrating the launch of its IFSC Banking Unit in GIFT City?
    A) HDFC Bank
    B) Bank of Baroda
    C) ICICI Bank
    D) Bank of India
    E) None of the above
    View Answer
    Option D
    Explanation:

    The Bank of India(BoI) has acquired a 6.125 per cent stake in the recently incorporated Clearing Corporation of India Ltd. (IFSC) listed in the GIFT SEZ in Gujarat for ₹6.125 crore. At a celebration to commemorate the opening of the bank’s IFSC Banking Unit in GIFT City, Bank of India Executive Director (International Operations) Subrat Kumar made the announcement.
  6. Which facility did the Reserve Bank of India (RBI) propose to enhance small-value digital payments through UPI Lite wallets?
    A) Automatic wallet replenishment
    B) Increased daily transaction limits
    C) Integration with Aadhaar
    D) Introduction of loyalty points
    E) none of the above
    View Answer
    Option A
    Explanation:

    The Reserve Bank of India (RBI) proposed a facility to allow customers to automatically replenish their UPI Lite wallets to promote small-value digital payments. Currently, the UPI Lite has a daily limit of Rs 2,000, while the upper limit for a single payment is Rs 500. Presently, the UPI Lite app can only hold a maximum of Rs 2000 at a time.
  7. What is the primary objective of SBI’s ‘SME Digital Business Loans’ initiative?
    A) To reduce the interest rates for SMEs.
    B) To provide end-to-end loan sanction in up to 45 minutes for small and medium enterprises.
    C) To eliminate the need for collateral in SME loans.
    D) To focus on corporate banking over the next five years.
    E) None of the above
    View Answer
    Option B
    Explanation:

    State Bank of India (SBI) has launched ‘SME Digital Business Loans’, offering end-to-end sanction turnaround time of up to 45 minutes for SMEs (small and medium enterprises).SBI identified the micro, small and medium enterprise (MSME) line of business as the focal point for the bank’s growth and profitability over the next five years.
  8. Which regulatory body has recently proposed strict timelines for claim settlements of auto insurance policyholders in India?
    A) Reserve Bank of India (RBI)
    B) Securities and Exchange Board of India (SEBI)
    C) Insurance Regulatory and Development Authority of India (IRDAI)
    D) National Insurance Academy (NIA)
    E) None of the above
    View Answer
    Option C
    Explanation:

    The Insurance Regulatory and Development Authority of India (IRDAI) has updated the master circular clarifying important rules for motor insurance policyholders. The regulator has proposed the implementation of strict timelines for claim settlements of auto insurance policyholders.
  9. Which country does Punjab National Bank (PNB) plan to establish a representative office in, as part of its global expansion strategy?
    A) Singapore
    B) United Arab Emirates
    C) United States
    D) United Kingdom
    E) None of the above
    View Answer
    Option B
    Explanation:

    State-owned Punjab National Bank plans to open a representative office in Dubai, as part of its plan to expand its global footprint.The bank has got the board of directors’ approval for opening a representative office in Dubai and the process is on for seeking regulatory clearance, PNB managing director Atul Kumar Goel.
  10. How many non-banking finance companies (NBFCs)/housing finance companies (HFCs) has State Bank of India partnered with for co-lending arrangements?
    A) 15
    B) 20
    C) 23
    D) 30
    E) 25
    View Answer
    Option C
    Explanation:

    State Bank of India has so far entered into co-lending tie-ups with 23 non-banking finance companies (NBFCs)/housing finance companies (HFCs) in a bid to enhance its reach to the unserved and under-served populace.
  11. What is the current interest rate on General Provident Fund (GPF) savings and other government retirement funds for the April to June quarter, as per the recent Finance Ministry notification?
    A) 6.8%
    B) 7.0%
    C) 7.1%
    D) 7.2%
    E) None of the above
    View Answer
    Option C
    Explanation:

    The Centre has retained the interest rate on General Provident Fund (GPF) savings and other government retirement funds at 7.1% for the ongoing April to June quarter, as per a Finance Ministry notification issued.
  12. Which organization has received approval from the Competition Commission of India (CCI) for its acquisition of a stake in TVS Group entities?
    A) Hyundai Motors
    B) Toyota Motor Corporation
    C) Mitsubishi Corporation
    D) Honda Motor Company
    E) None of the above
    View Answer
    Option C
    Explanation:

    The Competition Commission of India (CCI) has approved Mitsubishi Corporation’s acquisition of a certain equity stake of TVS Certified Private Limited and TVS Vehicle Mobility Solution Private Limited.
  13. According to the Container Port Performance Index 2023 (CPPI 2023), developed by the World Bank and S&P Global Market Intelligence, which state-owned port has broken into the top 20 rankings?
    A) Chennai Port
    B) Kolkata Port
    C) Visakhapatnam Port
    D) Mumbai Port
    E) None of the above
    View Answer
    Option C
    Explanation:

    State-owned Visakhapatnam Port has broken into the top 20 rankings in the Container Port Performance Index 2023 (CPPI 2023), developed by the World Bank and S&P Global Market Intelligence. The Index is a comparable assessment of performance based on vessel time in port.Visakhapatnam Port was ranked 19 in the Index, higher than Mundra Port (ranked 27) run by Adani Ports and Special Economic Zone Ltd (APSEZ).
  14. Who has been elected as the President of the national council by the Construction Federation of India (CFI)?
    A) Ratan Tata
    B) Vinayak Pai
    C) Natarajan Chandrasekaran
    D) Cyrus Mistry
    E) None of the above
    View Answer
    Option B
    Explanation:

    Tata Projects MD and CEO Vinayak Pai has been elected by the Construction Federation of India (CFI) as the President of its national council.
  15. Who has been appointed as the next Army Chief following the extension of General Manoj Pande’s tenure?
    A) Lt Gen Upendra Dwivedi
    B) Lt Gen Manoj Pande
    C) Lt Gen Bipin Rawat
    D) Lt Gen Narinder Batra
    E) None of the above
    View Answer
    Option A
    Explanation:

    The Centre appointed Vice Chief of Army Staff Lt Gen Upendra Dwivedi as the next Army Chief. The development comes in just over two weeks after the the government in an unusual move extended the tenure of current Army chief General Manoj Pande who was to retire on May 31, by a month.
  16. Who has been appointed as the new Chief Minister of Odisha, replacing the previous Chief Minister?
    A) Mohan Charan Majhi
    B) Naveen Patnaik
    C) KV Singh Deo
    D) Pravati Parida
    E) None of the above
    View Answer
    Option A
    Explanation:

    BJP’s 4-time MLA Mohan Charan Majhi has been appointed as the new Chief Minister of Odisha. KV Singh Deo and Pravati Parida will be the Deputy Chief Ministers.
  17. Who won from Chikkodi in Karnataka, defeating the incumbent MP and BJP leader Annasaheb Jolle, and thereby becoming the youngest tribal woman to enter Parliament from an unreserved seat in Karnataka since Independence?
    A) Priyanka Jarkiholi
    B) Deepika Kumari
    C) Nisha Dahiya
    D) Snehalata Reddy
    E) None of the above
    View Answer
    Option A
    Explanation:

    Congress nominee and Minister Satish Jarkiholi’s daughter Priyanka Jarkiholi has won from Chikkodi, defeating incumbent MP and BJP leader Annasaheb Jolle. Priyanka Jarkiholi became the youngest tribal woman to enter Parliament from an unreserved seat in Karnataka since Independence.
  18. Who has been appointed as the new Secretary of the Competition Commission of India (CCI), replacing Anupama Anand?
    A) Inder Pal Singh Bindra
    B) Anurag Singh
    C) Harleen Kaur
    D) Rajesh Kumar
    E) None of the above
    View Answer
    Option A
    Explanation:

    Competition Commission of India (CCI) has a new Secretary in Inder Pal Singh Bindra, an Indian Revenue Service (IRS) officer. Bindra will replace Anupama Anand, who has resigned after being appointed in September 2023 for a period of 3 years.
  19. Who invented ‘Vidyut Rakshak’, an innovation designed to enhance generator efficiency for the Indian Army?
    A) Major Rajprasad R S
    B) Lt Gen Upendra Dwivedi
    C) Prime Minister Narendra Modi
    D) Anupama Anand
    E) None of the above
    View Answer
    Option A
    Explanation:

    The Indian Army has taken a significant step towards modernization with the launch of ‘Vidyut Rakshak’, an in house innovation designed to enhance generator efficiency. It was launched by the Army’s Vice Chief Lt Gen Upendra Dwivedi.
    ‘Vidyut Rakshak’ was invented by Major Rajprasad R S of the Army Design Bureau (ADB). It was recently shown during the ‘Exercise Bharat Shakti’ and observed by Prime Minister Narendra Modi.
  20. Who recently passed away due to cardiac arrest in New York, having served as the Mumbai Cricket Association president?
    A) Sandip Patil
    B) Amol Kale
    C) Ajit Agarkar
    D) None of these
    E) Sachin Tendulkar
    View Answer
    Option B
    Explanation:

    Mumbai Cricket Association president Amol Kale has passed away due to cardiac arrest in New York. The 47-year-old Kale had become the MCA president after defeating former India and Mumbai cricketer Sandip Patil in the elections held in October 2022.
  21. Who was among the individuals tragically died in a plane crash in Malawi’s mountainous region?
    A) Saulos Chilima
    B) Lazarus Chakwera
    C) Joyce Banda
    D) Bakili Muluzi
    E) None of the above
    View Answer
    Option A
    Explanation:

    Malawi’s Vice President Saulos Chilima and nine other people died when the small military plane they were traveling in crashed in bad weather in a mountainous region in the north of the country. Chilima was 51.
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