Sunday, July 14, 2024
Banking QuizCA Quizzes (English)

Current Affairs Quiz: June 15, 2024

  1. Which company recently became the world’s most valuable due to advancements in artificial intelligence technology?
    A) Microsoft
    B) Nvidia
    C) Tesla
    D) Apple
    E) None of the above
    View Answer
    Option D
    Explanation:

    Apple once again became the world’s most valuable company, dethroning Microsoft from the top spot, as the iPhone maker pushed ahead in a race to dominate artificial intelligence technology.
  2. Who was recently appointed as the first woman Prime Minister of the Democratic Republic of Congo?
    A) Ellen Johnson Sirleaf
    B) Samia Suluhu Hassan
    C) Ngozi Okonjo-Iweala
    D) Judith Suminwa Tuluka
    E) None of the above
    View Answer
    Option D
    Explanation:

    The Democratic Republic of Congo appointed Judith Suminwa Tuluka as the African nation’s first woman Prime Minister.
  3. Who recently became the first Indian rider to win a three-star Grand Prix event in equestrian sports?
    A) Tatiana Antonenco
    B) Juliane Jerich
    C) Shruti Vora
    D) Fouaad Mirza
    E) None of the above
    View Answer
    Option C
    Explanation:

    In a historic achievement for Indian equestrian sports, Shruti Vora, astride Magnanimous, has become the first Indian rider to win a three-star Grand Prix event.
  4. Which organization has the World Health Organization (WHO) designated as a Collaborating Centre for Traditional Medicine Research?
    A) Central Council for Research in Homoeopathy (CCRH)
    B) All India Institute of Medical Sciences (AIIMS)
    C) None of these
    D) National Institute of Siddha (NIS), Chennai
    E) National Institute of Indian Medical Heritage (NIIMH), Hyderabad
    View Answer
    Option E
    Explanation:

    TheWorld Health Organization (WHO) has designated the National Institute of Indian Medical Heritage (NIIMH), Hyderabad, a unit under the Central Council for Research in Ayurvedic Sciences (CCRAS), Ministry of Ayush as a WHO Collaborating Centre (CC) for “Fundamental and Literary Research in Traditional Medicine” (CC IND-177). This prestigious recognition is granted for a period of four years, starting from June 3, 2024.
  5. What was the provisional annual rate of inflation based on the Wholesale Price Index (WPI) in India for May 2024?
    A) 1.75%
    B) 2.61%
    C) 3.14%
    D) 4.28%
    E) 2.28%
    View Answer
    Option B
    Explanation:

    The annual rate of inflation based on all India Wholesale Price Index (WPI) number is 2.61% (Provisional) for the month of May, 2024(over May, 2023). Positive rate of inflation in May, 2024 is primarily due to increasing prices of food articles, manufacture of food products, crude petroleum & natural gas, mineral oils, other manufacturing etc.
  6. Which AI tool developed by Ingenious Research Solutions Pvt Ltd. integrates face recognition with physiological parameters such as gait and skeleton?
    A) Pratibha
    B) Divya Drishti
    C) Netra
    D) Shakti
    E) None of the above
    View Answer
    Option B
    Explanation:

    Ingenious Research Solutions Pvt Ltd., a start-up established by a woman entrepreneur, Dr. Shivani Verma after winning the prestigious Dare to Dream Innovation contest 2.0, a pan India theme-based contest organised by the Defence Research and Development Organisation (DRDO), has successfully developed an AI tool “Divya Drishti” that integrates face recognition with immutable physiological parameters such as gait and skeleton.
  7. Where did Prime Minister Narendra Modi attend the G7 Outreach Summit and hold bilateral meetings with several world leaders?
    A) Germany
    B) France
    C) Italy
    D) Canada
    E) None of the above
    View Answer
    Option C
    Explanation:

    Prime Minister Narendra Modi arrived in Italy where he attended the G7 summit and held bilaterals with several world leadersl including British Prime Minister Rishi Sunak, French President Emmanuel Macron and Pope Francis.
  8. Where did the two-day India-IORA Cruise Tourism Conference conclude?
    A) Mumbai
    B) New Delhi
    C) Chennai
    D) Goa
    E) None of the above
    View Answer
    Option B
    Explanation:

    The two day India-IORA Cruise Tourism Conference concluded in New Delhi. Officials and experts from the Indian Ocean Rim Association, IORA Member States including Bangladesh, Kenya, Madagascar, Maldives, Mozambique, Sri Lanka, South Africa, Seychelles and Tanzania participated in the Conference.
  9. Who recently won the 2024 FIDE World Junior Chess Championship in the girls section?
    A) Beloslava Krasteva
    B) Vaishali Rameshbabu
    C) Divya Deshmukh
    D) Dronavalli Harika
    E) None of the above
    View Answer
    Option C
    Explanation:

    Divya Deshmukh added another significant title to her already impressive collection. The 18-year-old from Nagpur won the win the 2024 FIDE World Junior Chess Championship in the girls section after beating Bulgaria’s Beloslava Krasteva in the final round at the Gift City Club, Gujarat.
  10. What is the focus of the MoU signed between Snapdeal and Digital India Bhashini?
    A) Enhancing cybersecurity measures
    B) Promoting e-commerce in rural areas
    C) Improving language translation for digital inclusion
    D) Developing AI-powered customer service bots
    E) None of the above
    View Answer
    Option C
    Explanation:

    E-commerce platform Snapdeal signed a MoU with Digital India Bhashini, an Independent Business Division established by the Ministry of Electronics and Information Technology (MeitY) within Digital India Corporation (DIC), to develop services and products focused on enhancing language translation efforts to promote digital inclusion in India.
  11. RITES Ltd, a premier PSU transport infrastructure consultancy, signed a memorandum of understanding (MoU) with which entity for major schedule repair and maintenance of Diesel-Electric Locomotives?
    A) Indian Railways Central Railway Division
    B) Andal Diesel Shed, Asansol Division, West Bengal
    C) Ministry of Transport, Government of India
    D) Kolkata Metro Rail Corporation
    E) None of the above
    View Answer
    Option B
    Explanation:

    RITES Ltd, a premier PSU transport infrastructure consultancy, has signed a memorandum of understanding (MoU) with Eastern Railway’s Andal Diesel Shed, Asansol Division, West Bengal. This MoU sets up a framework for collaboration on major schedule repair and maintenance of Diesel-Electric Locomotives owned by RITES, Navratna Public Sector Enterprise, and other clients at the Andal Diesel Shed facility.
  12. Which organization built Yard 81, LSAM 13, the fifth barge of the Missile Cum Ammunition Barge project for the Indian Navy?
    A) Hindustan Shipyard Limited
    B) Mazagon Dock Shipbuilders Limited
    C) SECON Engineering Projects Pvt Ltd
    D) Goa Shipyard Limited
    E) None of the above
    View Answer
    Option C
    Explanation:

    The ‘Missile Cum Ammunition Barge, LSAM 13, Yard 81, the fifth Barge of the Missile Cum Ammunition Barge project has been inducted into the Indian Navy. Yard 81 built by MSME Shipyard, SECON Engineering Projects Pvt Ltd (SEPPL), Visakhapatnam for Indian Navy. The launching Ceremony was presided over by Cmde Manish Vig, General Manager (QA), ND(Mbi).
  13. Who is the author of the recently released novel titled ‘Manohar Kahani’?
    A) Raghu Srinivasan
    B) Hachette India
    C) Kokum Grove
    D) Manohar Srinivas
    E) None of the above
    View Answer
    Option A
    Explanation:

    The novel titled ‘Manohar Kahani’ written by Raghu Srinivasan has been released recently. The book was published by Hachette India.
  14. According to recent reports, how much monetary penalty did the Reserve Bank of India (RBI) impose on Central Bank of India for regulatory compliance deficiencies?
    A) ₹14.50 crore
    B) ₹14.55 crore
    C) ₹15 crore
    D) ₹14 crore
    E) ₹1.45 crore
    View Answer
    Option E
    Explanation:

    The Reserve Bank of India(RBI) has imposed a monetary penalty of ₹1,45,50,000 on the Central Bank of Indi, citing deficiencies in regulatory compliance.
  15. How much fine has the Financial Intelligence Unit (FIU) imposed on Axis Bank for failing to detect and report suspicious transactions related to the NSG account?
    A) Rs 1.60 crore
    B) Rs 1.66 crore
    C) Rs 1.55 crore
    D) Rs 1.70 crore
    E) None of the above
    View Answer
    Option B
    Explanation:

    The Financial Intelligence Unit has slapped a fine of more than Rs 1.66 crore on Axis Bank for “failing” to put in place a mechanism to detect and report suspicious transactions carried out at one of its branches by creating a “fraud” account in the name of counter-terrorist commando force NSG.
  16. Bank of Baroda has collaborated with which tech company to launch a nationwide online hackathon on generative artificial intelligence (GenAI)?
    A) Google
    B) Microsoft
    C) Apple
    D) Amazon
    E) None of the above
    View Answer
    Option B
    Explanation:

    Bank of Baroda has announced the launch of a nationwide online hackathon on generative artificial intelligence (GenAI), in collaboration with Microsoft.
  17. Since December, how many digital small business loans ranging from Rs 10 lakh to Rs 50 lakh has SBI sanctioned?
    A) 10,000
    B) 15,000
    C) 20,000
    D) 25,000
    E) None of the above
    View Answer
    Option C
    Explanation:

    State Bank of India (SBI) has sanctioned around 20,000 loans of Rs 10 lakh to Rs 50 lakh for small businesses as part of a digital lending pilot that started in December.
  18. Which company developed the indigenous Nagastra-1 man-portable suicide drones for the Indian Army?
    A) Economic Explosives Limited (EEL)
    B) Solar Industries
    C) Indian Defence Technologies (IDT)
    D) Bharat Dynamics Limited
    E) None of the above
    View Answer
    Option A
    Explanation:

    The Indian Army has received the first batch of domestically produced man-portable suicide drones, called Nagastra-1. The drones have been designed and developed fully in India by Economic Explosives Limited (EEL), a subsidiary of Solar Industries, and have an indigenous content of over 75 per cent.
  19. What is the military export target set by Defence Minister Rajnath Singh for the year 2028-29?
    A) ₹5,000 crore
    B) ₹10,000 crore
    C) ₹50,000 crore
    D) ₹100,000 crore
    E) None of the above
    View Answer
    Option C
    Explanation:

    Defence minister Rajnath Singh said that the objective of his ministry would be to increase exports, and set the target at ₹ 50,000 crore in the year 2028-29. He was speaking at a review meeting on the 100-day action plan of the defence ministry after taking charge for the second consecutive time as defence minister.
  20. Who ceased to be the chairman of PTC India Financial Services Ltd (PFS) and CMD of PTC India Ltd following SEBI’s order?
    A) Rajib Kumar Mishra
    B) Anil Kumar Singh
    C) Sunil Mehta
    D) Deepak Parekh
    E) None of the above
    View Answer
    Option A
    Explanation:

    Rajib Kumar Mishra ceased to be chairman of PTC India Financial Services Ltd (PFS) as well as CMD of PTC India Ltd following the order passed by markets regulator Sebi that restrained him from holding the director’s post for six months, the two companies said.
  21. What is the GDP growth projection for FY25 according to the Confederation of Indian Industry (CII)?
    A) 6%
    B) 7%
    C) 8%
    D) 9%
    E) None of the above
    View Answer
    Option C
    Explanation:

    Industry body Confederation of Indian Industry (CII) expects the country’s economy to grow at 8% in FY25, its fourth consecutive year of above 7% growth.
  22. What is the expected average inflation rate for the current financial year according to CRISIL?
    A) 3.5%
    B) 4.0%
    C) 4.5%
    D) 5.0%
    E) None of the above
    View Answer
    Option C
    Explanation:

    Leading ratings and economic research firm CRISIL is of the view that inflation is expected to average 4.5 per cent for the current financial year.
  23. According to Moody’s, which country is expected to remain the fastest-growing economy in the Asia-Pacific region in 2024?
    A) Indonesia
    B) Philippines
    C) India
    D) Singapore
    E) None of the above
    View Answer
    Option C
    Explanation:

    Ratings agency Moody’s said that India is expected to remain the fastest-growing economy in the Asia-Pacific region in 2024. This projection follows the momentum built in the previous year, driven largely by domestic factors.
  24. Recently, which regulatory body has granted a prepaid payments instrument licence to Jupiter, a neobanking startup backed by Tiger Global and Peak XV Partners? This licence enables the Bengaluru-based startup to offer digital wallets for making UPI payments, transferring funds, and paying bills.
    A) Securities and Exchange Board of India (SEBI)
    B) Reserve Bank of India (RBI)
    C) Insurance Regulatory and Development Authority of India (IRDAI)
    D) Pension Fund Regulatory and Development Authority (PFRDA)
    E) None of the above
    View Answer
    Option B
    Explanation:

    Tiger Global and Peak XV Partners-backed neobanking startup Jupiter has secured a prepaid payments instrument licence from the Reserve Bank of India. This will allow the Bengaluru-based startup to offer digital wallets to its users for making UPI payments,transferring funds, besides paying bills.
  25. Who has been announced as the President of the Asian Association of Hair Restoration Surgeons (AAHRS)?
    A) Dr. Sunil Patel
    B) Dr. Ramesh Gupta
    C) None of these
    D) Dr. Kapil Dua
    E) Dr. Sanjay Sharma
    View Answer
    Option D
    Explanation:

    Dr Kapil Dua, a pioneer in hair transplant surgery in India with over two decades of experience, has been announced as the President of the Asian Association of Hair Restoration Surgeons (AAHRS).
  26. Which brand will Aurionpro Payment Solutions operate under as an online payment aggregator, following approval from the Reserve Bank of India?
    A) AuroPay
    B) PayLink
    C) PayPro
    D) ProPay
    E) None of the above
    View Answer
    Option A
    Explanation:

    Aurionpro Payment Solutions said it has received Reserve Bank’s nod to operate as an online payment aggregator via its payment gateway brand AuroPay
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