Current Affairs Quiz: June 2 and 3, 2024

Option B
Explanation:
The Indian Institute of Management (IIM) Raipur and Birmingham City University (BCU) have collaborated to launch an elective course “Bringing Humanities and Innovation Management and Creative Entrepreneurial Leadership.”

Option C
Explanation:
Maruti Suzuki India Ltd. (MSIL) has signed a Memorandum of Understanding (MoU) with DBS Bank India Ltd. for dealer inventory funding. This will help dealers operating more than 3,863 Maruti Suzuki sales outlets across India, the automaker said.

Option B
Explanation:
Jivi, an Indian healthcare AI startup, co-founded by former BharatPe Chief Product Officer Ankur Jain, and GV Sanjay Reddy, Chairman, Reddy Ventures, has ranked number one on the Open Medical LLM (Large Language Model) Leaderboard.

Option B
Explanation:
To take on competitors like Google and Amazon, RIL’s financial services arm Jio Financial Services announced the launch of a pilot version of ‘JioFinance’ app to offer UPI, digital banking and other services.

Option B
Explanation:
The Reserve Bank of India(RBI) , along with NPCI International Payments (NIPL), will in FY25 begin work towards taking UPI to 20 countries with a completion timeline of FY29, the central bank said in its annual report for FY24.

Option C
Explanation:
The Reserve Bank of India (RBI) said it has imposed a penalty of Rs 88.70 lakh on SBM Bank (India) for non-compliance with certain regulatory norms. The central banks said the penalty has been imposed for non-compliance with licensing conditions imposed by the RBI, and specific directions to stop undertaking Liberalised Remittance Scheme (LRS) transactions with immediate effect.

Option C
Explanation:
India’s largest public sector lender, the State Bank of India, remained the front runner in the Debit cards market, holding a whopping 24 per cent market share in April 2024, revealed latest data by 1Lattice.

Option C
Explanation:
England paceman Brydon Carse has been banned from all cricket for three months for betting violations.

Option C
Explanation:
Axis Bank, one of the largest private sector banks in India, announced the launch of NFC Soundbox in collaboration with Mastercard.An industry-first proposition for the merchant community, the new soundbox will act as an all-in-one solution allowing the users to accept Bharat QR, UPI, Tap & Pay and Tap + Pin payments.With this launch, Axis Bank will be the first bank in India to introduce a Soundbox that can accept Tap + Pin payments, enabling merchants to accept transactions greater than ₹5000 via card instruments.

Option D
Explanation:
Bruhat Soma, a 12-year-old Indian-American seventh-grade student from Florida, has won the Scripps National Spelling Bee after he spelt 29 words correctly in the tiebreaker, maintaining the dominance of the children from the small ethnic community in the prestigious competition.

Option C
Explanation:
The Indian Space Research Organisation (ISRO) and Wipro 3D have successfully manufactured a 3D-printed rocket engine, the PS4, set to power the fourth stage of the Polar Satellite Launch Vehicle (PSLV).

Option B
Explanation:
From this academic year, around 4 lakh students in class VII in the Kerala state syllabus schools will get to learn Artificial Intelligence (AI) with its introduction in the revised Information & Communication Technology (ICT) textbook.

Option A
Explanation:
The Ministry of Health and Family Welfare, Government of India, organized an event to observe World No Tobacco Day 2024 on May 31,2024. This year’s theme, “Protecting Children from Tobacco Industry Interference,” highlights the urgent need to shield youth from the detrimental influences of tobacco consumption.In a significant move to motivate young children and youth to steer clear of tobacco in all forms, Indian badminton maestro Ms. PV Sindhu was designated as the brand ambassador for Tobacco Control.

Option C
Explanation:
The government’s fiscal deficit for 2023-24 stood at 5.63 per cent of the GDP, marginally better then the 5.8 per cent estimated in the Union Budget, as per official data released. In actual terms, the fiscal deficit, or gap between expenditure and revenue, was at Rs 16.53 lakh crore.

Option A
Explanation:
Canara Bank granted an approval for initiating the process of diluting its 14.50 per cent stake in its subsidiary Canara HSBC Life Insurance Company Ltd through an initial public offering (IPO).

Option C
Explanation:
Aided by a strong show from electricity generation, coal and natural gas sectors, the output of eight core industries hit a three-month high of 6.2 per cent in April 2024, higher than the upward revised output growth of 6 per cent in March 2024.

Option B
Explanation:
The gross Goods and Services Tax (GST) revenue for the month of May 2024 stood at ₹1.73 lakh crore. This represents a 10% year-on-year growth, driven by a strong increase in domestic transactions (up 15.3%) and slowing of imports (down 4.3%).

Option B
Explanation:
Moody’s Ratings projected India to grow 6.8 per cent in the current year, followed by 6.5 per cent in 2025, on the back of strong economic expansion, along with post-election policy continuity.

Option B
Explanation:
United Nations Development Programme (UNDP) and Global Environment Facility (GEF) has launched a USD 135 million initiative targeted at 15 Small Island Developing States (SIDS) including the Maldives, to combat environmental degradation.

Option D
Explanation:
Real Madrid became the UEFA Champions League holders for the record-extending 15th time as they beat Borussia Dortmund 2-0 in the final at the Wembley Stadium in London.

Option C
Explanation:
Gautam Adani, chairman of multinational conglomerate the Adani Group, has reclaimed the title of the richest person in Asia with a net worth of $111 billion, according to the Bloomberg Billionaires Index. This came after the group’s shares rallied up to 14 per cent.

Option A
Explanation:
UBS Group AG completed the historic acquisition of its former rival Credit Suisse, marking a new chapter for the Swiss financial sector as the defunct bank’s legal existence has formally ended.

Option C
Explanation:
A Chinese spacecraft Chang’e-6 successfully touched down on the far side of the Moon, in the first endeavour of its kind to collect samples from this rarely explored terrain. Chang’e-6 consists of an orbiter, a returner, a lander and an ascender.
The Chang’e-6 landed at the designated landing area in the South Pole-Aitken (SPA) Basin for the first time in human history, the China National Space Administration (CNSA) announced.

Option C
Explanation:
Hyderabad, one of the bustling metropolitan cities of the country, ceased to be the common capital of Telangana and Andhra Pradesh as per the Andhra Pradesh Reorganisation Act, 2014.
Beginning June 2, Hyderabad will be the capital city of Telangana only.Hyderabad was made the capital city of the two states for 10 years when the bifurcation of undivided Andhra Pradesh was carried out in 2014. Telangana came into existence on June 2, 2014.

Option A
Explanation:
Marking a record surge in the month of May, the Unified Payments Interface (UPI) network set a new record by processing 14.04 billion transactions, up from 13.3 billion in April.The data released by NPCI said that in terms of value, the UPI transactions amounted to Rs 20.45 lakh crore in May, compared to Rs 19.64 lakh crore in April. Notably in April, the network saw a 1% decline to 13.3 billion transactions from 13.44 billion in March.

Option B
Explanation:
India and Tamil Nadu wicketkeeper-batter Dinesh Karthik announced his retirement from competitive cricket. The Indian Premier League 2024, where Karthik turned out for Royal Challengers Bengaluru, was his last tournament as a player.