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Banking QuizCA Quizzes (English)

Current Affairs Quiz: June 7, 2024

  1. Which constituency did Shankar Lalwani represent when he won the Lok Sabha election by a margin of 11,75,092 votes, and the constituency also set a record for the highest-ever NOTA votes at 2,18,674?
    A) Bhopal
    B) Gopalganj
    C) Indore
    D) Jabalpur
    E) None of the above
    View Answer
    Option C
    Explanation:

    Indore on June 4 rewrote history by registering the highest-ever NOTA votes in the country at 2,18,674, overtaking a record posted by Bihar’s Gopalganj in 2019, while the BJP candidate Shankar Lalwani won the Lok Sabha election from the seat in Madhya Pradesh by a staggering margin of 11,75,092 votes.
  2. Which country will host the annual general meeting (AGM) of the International Air Transport Association (IATA) next year, after a gap of 42 years?
    A) China
    B) United States
    C) India
    D) Brazil
    E) None of the above
    View Answer
    Option C
    Explanation:

    India will host the world’s most premier aviation event, the annual general meeting (AGM) of the International Air Transport Association (IATA), next year, after a gap of 42 years.
  3. Who won the Kota parliamentary seat by a margin of more than 41,139 votes, becoming the first Lok Sabha Speaker in 20 years to be re-elected to the Lower House?
    A) Shankar Lalwani
    B) Om Birla
    C) Sumitra Mahajan
    D) Meira Kumar
    E) None of the above
    View Answer
    Option B
    Explanation:

    Lok Sabha Speaker Om Birla won the Kota parliamentary seat by a margin of more than 41,139 votes , thus becoming the first presiding officer in 20 years to be re-elected to the Lower House.
  4. Which state’s police department topped the charts in blocking cellphone numbers involved in cyber fraud in the first four months of this year, according to the National Cybercrime Reporting Portal (NCRP)?
    A) Maharashtra
    B) Uttar Pradesh
    C) Karnataka
    D) Haryana
    E) None of the above
    View Answer
    Option D
    Explanation:

    Haryana Police have topped the charts across the country in blocking cellphone numbers allegedly involved in cyber fraud in the first four months of this year.
  5. Which of the following countries is NOT a signatory of the Zero Debris Charter, a landmark initiative led by the European Space Agency (ESA) to achieve debris-neutral space activities by 2030?
    A) Austria
    B) France
    C) Germany
    D) United Kingdom
    E) None of the above
    View Answer
    Option B
    Explanation:

    12 countries signed the Zero Debris Charter, a landmark initiative led by the European Space Agency (ESA) to address the pressing issue of space debris. Unveiled in 2023, the Charter commits signatories to achieving debris-neutral space activities by 2030. 12 Countries Include in Zero Debris Charter are : Austria, Belgium, Cyprus, Estonia, Germany, Lithuania, Poland, Portugal, Romania, Slovakia, Sweden, and the United Kingdom.
  6. In which city was the World Summit on the Information Society (WSIS +20) Forum High-Level Event 2024 held, where Niraj Verma, Additional Secretary (Telecom) led the Indian delegation?
    A) New York
    B) Geneva
    C) Paris
    D) Vienna
    E) None of the above
    View Answer
    Option B
    Explanation:

    India participated in the World Summit on the Information Society (WSIS +20) Forum High-Level Event 2024 held in Geneva, Switzerland.
  7. Which city hosted the inaugural meeting of the Biopharmaceutical Alliance, where India, South Korea, Japan, the US, and the European Union announced their joint efforts to build a resilient supply chain in the biopharmaceutical sector?
    A) New York
    B) San Francisco
    C) San Diego
    D) Los Angeles
    E) None of the above
    View Answer
    Option C
    Explanation:

    India, South Korea, Japan, the US, and the European Union launched an alliance to put joint efforts to build a resilient supply chain in the biopharmaceutical sector. The announcement was made at the inaugural meeting of the Biopharmaceutical Alliance, held in San Diego, California, during the Bio International Convention 2024, the world’s largest biopharmaceutical exhibition.
  8. Which monarch’s portrait is featured on the first UK banknotes that people have been queuing to obtain outside the Bank of England’s headquarters in London and at post offices around the UK?
    A) King Charles II
    B) King George VI
    C) King Charles III
    D) Queen Victoria
    E) None of the above
    View Answer
    Option C
    Explanation:

    People have been queuing outside the Bank of England’s headquarters in London and at post offices around the UK to get their hands on the first UK banknotes featuring the portrait of King Charles III.
  9. Which three public sector banks refused to provide data regarding the issuance of look-out circulars (LOCs) to prevent absconding wilful defaulters from fleeing to other countries, as revealed in RTI applications?
    A) Canara Bank, UCO Bank, Bank of Maharashtra
    B) State Bank of India, Canara Bank, Indian Bank
    C) UCO Bank, Bank of Baroda, Bank of Maharashtra
    D) Canara Bank, UCO Bank, Bank of Baroda
    E) None of the above
    View Answer
    Option D
    Explanation:

    The State Bank of India (SBI), the largest commercial bank in the country, said as many as 583 LOCs were issued by the bank. While RTI applications were filed with 11 PSU banks, three banks Canara Bank, UCO Bank and Bank of Baroda (BoB) refused to give the data and Bank of Maharashtra did not reply to the application even after a month. Reply from Indian Bank is awaited.
  10. Which regulatory authority in India has granted a Certificate of Registration to Arka Fincap Limited, a subsidiary of Kirloskar Oil Engines Limited (KOEL), allowing it to operate as a Corporate Agent (composite)?
    A) Securities and Exchange Board of India (SEBI)
    B) Reserve Bank of India (RBI)
    C) Insurance Regulatory and Development Authority of India (IRDAI)
    D) Ministry of Corporate Affairs (MCA)
    E) None of the above
    View Answer
    Option C
    Explanation:

    Arka Fincap Limited, an NBFC and subsidiary of Kirloskar Oil Engines Limited (KOEL), has been given a Certificate of Registration to function as a Corporate Agent (composite) by India’s Insurance Regulatory and Development Authority (IRDAI).
  11. NPCI International Payments Ltd (NIPL) and which institution have partnered to introduce a real-time payment system in Peru, similar to India’s UPI, making Peru the first South American country to use UPI technology?
    A) Banco Central de Reserva del Perú (BCRP)
    B) Banco de Crédito del Perú (BCP)
    C) Interbank Perú
    D) Scotiabank Perú
    E) None of the above
    View Answer
    Option A
    Explanation:

    NPCI International Payments Ltd (NIPL) and the Central Reserve Bank of Peru (BCRP) have announced a partnership to introduce a real-time payment system in Peru, similar to India’s UPI.This partnership is a major step, making Peru the first South American country to use the well-known Unified Payment Interface (UPI) technology.
  12. What is the name of the insurance company that has officially rebranded itself as Edelweiss Life Insurance, marking a significant shift in its strategic direction and brand identity?
    A) Edelweiss Financial Services
    B) Edelweiss Tokio Life Insurance
    C) Edelweiss General Insurance
    D) Edelweiss Investment Management
    E) None of the above
    View Answer
    Option B
    Explanation:

    Edelweiss Tokio Life Insurance has officially rebranded itself as Edelweiss Life Insurance, marking a significant shift in its strategic direction and brand identity.This transformation is reflected in the Edelweiss Life Insurance’s refreshed logo, which retains the brand positioning of ‘zindagi unlimited. ‘ The rebranding is seen as a pivotal move to enhance the company’s competitiveness in the marketplace.
  13. Kotak Mahindra Bank has received approval from the RBI to sell a 70% stake in its general insurance arm to which company?
    A) AXA Insurance
    B) Prudential Insurance
    C) Zurich Insurance Company
    D) Allianz Insurance
    E) None of the above
    View Answer
    Option C
    Explanation:

    Kotak Mahindra Bank said it has received the RBI approval to sell a 70 per cent stake in its general insurance arm to Zurich Insurance Company.
  14. Who has been appointed as the chairperson of the ad-hoc committee set up by the Securities and Exchange Board of India (SEBI) to review the ownership and economic structure of clearing corporations?
    A) Raghuram Rajan
    B) Usha Thorat
    C) Urjit Patel
    D) Duvvuri Subbarao
    E) None of the above
    View Answer
    Option B
    Explanation:

    Capital markets regulator Sebi said it has set up an ad-hoc committee chaired by Usha Thorat, who was a former Deputy Governor of the Reserve Bank of India (RBI) to review the ownership and economic structure of clearing corporations and suggest measures to ensure that clearing corporations function as resilient, independent, and neutral risk managers.
  15. In January, which country remained the top supplier of oil to India, accounting for nearly a third of the crude brought into the country?
    A) Saudi Arabia
    B) United States
    C) Russia
    D) Iraq
    E) None of the above
    View Answer
    Option C
    Explanation:

    Russia remained the top supplier of oil to India in January, accounting for nearly a third of the crude brought into the country, according to data from the commerce ministry.
  16. During 2023-24, which country emerged as India’s third-largest export destination, following the US and UAE, despite a dip in India’s merchandise shipments by over 3 per cent?
    A) China
    B) Germany
    C) Japan
    D) Netherlands
    E) None of the above
    View Answer
    Option D
    Explanation:

    The Netherlands has emerged as India’s third largest export destination after the US and UAE during 2023-24, even as the country’s merchandise shipments dipped by over 3 per cent, according to the commerce ministry data.
  17. Which company has overtaken Apple to become the world’s second-most valuable company, with a market value of over $3 trillion?
    A) Microsoft
    B) Nvidia
    C) Apple
    D) Google
    E) None of the above
    View Answer
    Option B
    Explanation:

    Nvidia has overtaken Apple to become the world’s second-most valuable company, with furious demand for the chipmaker’s shares taking its valuation to over $3 trillion. Microsoft, the world’s most valuable company with a market value of $3.14 trillion, rose 1.91 percent, while Apple gained 0.78 percent.
  18. At the ISSF World Cup 2024 in Munich, Germany, which Indian shooter won the gold medal in the men’s 10m air pistol event, securing India’s first medal in the event?
    A) Abhinav Bindra
    B) Manu Bhaker
    C) Sarabjot Singh
    D) Saurabh Chaudhary
    E) None of the above
    View Answer
    Option C
    Explanation:

    Indian shooter Sarabjot Singh won the gold medal in the men’s 10m air pistol event at the ISSF World Cup 2024 in Munich, Germany. He won the first medal for India in the event.
  19. In a match where the Men in Blue defeated Ireland by eight wickets to start their ICC T20 World Cup campaign at the Nassau County International Cricket Stadium in New York, which Indian cricketer was awarded the ‘Fielder of the Match’ medal?
    A) Virat Kohli
    B) Rohit Sharma
    C) Mohammed Shami
    D) Mohammed Siraj
    E) None of the above
    View Answer
    Option D
    Explanation:

    India’s star pacer Mohammed Siraj was crowned with the ‘Fielder of the Match’ medal after Men in Blue hammered Ireland by eight wickets to start their ICC T20 World Cup campaign at the Nassau County International Cricket Stadium in New York.
  20. Who recently took charge as the vice-chancellor of the Indian Institute of Foreign Trade (IIFT), a business school under the Ministry of Commerce?
    A) Rakesh Mohan Joshi
    B) Raghuram Rajan
    C) Urjit Patel
    D) Nirmala Sitharaman
    E) None of the above
    View Answer
    Option A
    Explanation:

    International trade and management expert Rakesh Mohan Joshi took charge as vice-chancellor of the Indian Institute of Foreign Trade (IIFT), a business school under the ministry of commerce.
  21. Who, along with Butch Wilmore, became the first to fly to space aboard the Boeing Starliner’s in the first-ever crewed mission, making her the first woman to fly on the maiden mission of a new human-rated spacecraft?
    A) Kalpana Chawla
    B) Sunita Williams
    C) Peggy Whitson
    D) Anousheh Ansari
    E) None of the above
    View Answer
    Option B
    Explanation:

    Indian-Origin NASA astronaut Sunita Williams, along with Butch Wilmore, has become the first to fly to space aboard the Boeing Starliner’s in the first-ever crewed mission. The 59-year-old Williams created history by becoming the first woman to fly on the maiden mission of a new human-rated spacecraft.
  22. Who recently became the first person to spend 1,000 days in space, achieving the milestone on June 4, 2024, after making five journeys to the International Space Station dating back to 2008?
    A) Sergey Krikalev
    B) Yuri Gagarin
    C) Oleg Kononenko
    D) Valentina Tereshkova
    E) None of the above
    View Answer
    Option C
    Explanation:

    Russian cosmonaut Oleg Kononenko has become the first person to spend 1,000 days in space. The 59-year-old achieved the milestone on June 4, having made five journeys to the International Space Station dating back to 2008.
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