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Banking QuizCA Quizzes (English)

Current Affairs Quiz: June 8, 2024

  1. What is the theme of the 3rd Indian Analytical Congress held in Dehradun from 5-7 June 2024, inaugurated by Prof. S.K. Mehta, Vice-Chancellor of Ladakh University?
    A) Innovations in Analytical Chemistry
    B) Role of Science and Technology in Green Transitions
    C) Advancements in Environmental Analysis
    D) Sustainable Development through Analytical Sciences
    E) None of the above
    View Answer
    Option B
    Explanation:

    The three-day 3rd Indian Analytical Congress is being held in Uttarkhand’s capital, Dehradun, from 5 -7 June 2024. The Congress was inaugurated by the Vice-Chancellor of Ladakh University, Prof. S.K. Mehta. The theme of the 3rd Indian Analytical Congress 2024 is:“Role of Science and Technology in Green Transitions.
  2. Where did the Uttarakhand government organize the first-of-its-kind Astro-tourism event ‘Nakshatra Sabha’?
    A) Nainital
    B) Rishikesh
    C) Mussoorie
    D) Haridwar
    E) None of the above
    View Answer
    Option C
    Explanation:

    The Uttarakhand government organised a first-of-its-kind Astro-tourism named ‘ Nakshatra Sabha’ in Mussoorie at Mussoorie City, also famous as the Queen of the Hills. The event was held at the George Everest Peak, which is popular amongst tourists as it offers spectacular views of the Doon Valley and the snow-clad Himalayan mountains.
  3. What is the new GDP growth forecast for the financial year 2024-25 announced by the RBI in its second bi-monthly monetary policy?
    A) 6.5%
    B) 6.8%
    C) 7.0%
    D) 7.2%
    E) 7.5%
    View Answer
    Option D
    Explanation:

    RBI raised its GDP growth forecast for FY25 to 7.2% from 7% earlier. The central bank retained FY25 inflation forecast at 4.5%.
  4. How much surplus liquidity did the Reserve Bank of India (RBI) absorb through two variable rate reverse repo (VRRR) auctions of three days tenor?
    A) ₹10,000 crore
    B) ₹20,000 crore
    C) ₹44,430 crore
    D) ₹1-lakh crore
    E) None of the above
    View Answer
    Option C
    Explanation:

    The Reserve Bank of India (RBI) absorbed surplus liquidity aggregating ₹44,430 crore through two variable rate reverse repo (VRRR) auctions of three days tenor. The aforementioned amount was deployed by banks even as the central bank was ready to absorb a total of ₹1-lakh crore (notified amount).
  5. What is the primary objective of the Reserve Bank of India’s proposal to set up a ‘Digital Payments Intelligence Platform’?
    A) Enhancing digital payment transaction speeds
    B) Boosting consumer savings through cashback offers
    C) Mitigating payment fraud risks
    D) Increasing interest rates on savings accounts
    E) None of the above
    View Answer
    Option C
    Explanation:

    The Reserve Bank’s proposal to set up a digital payments intelligence platform will help in mitigating frauds and boost consumer confidence, industry experts opined. The RBI proposed to set up a ‘Digital Payments Intelligence Platform’, which will harness advanced technologies to mitigate payment fraud risks.
  6. As of May 31, India’s foreign exchange reserves reached a record high of_____________
    A) $600.7 billion
    B) $635.2 billion
    C) $651.5 billion
    D) $680.3 billion
    E) None of the above
    View Answer
    Option C
    Explanation:

    India’s forex reserves rose by $4.8 billion to a record high of $651.5 billion as of May 31, the Reserve Bank of India (RBI) Governor Shaktikanta Das announced along with key decisions on the monetary policy.
  7. What is the primary goal of the strategic co-lending collaboration between State Bank of India (SBI) and Muthoot Microfin Limited?
    A) Promoting luxury goods purchases in rural areas
    B) Providing housing loans to urban residents
    C) Increasing financial inclusion for female entrepreneurs in rural and semi-urban areas
    D) Supporting international trade finance transactions
    E) None of the above
    View Answer
    Option C
    Explanation:

    The State Bank of India (SBI) and Muthoot Microfin Limited has formed a strategic co-lending collaboration with as a key step toward increasing financial inclusion. This alliance intends to provide financial services to female entrepreneurs in rural and semi-urban locations throughout India.
  8. Tata Motors, Tata Capital, and Tata Motors Finance have approved a merger of Tata Motors Finance with Tata Capital through____________
    A) SEBI approval
    B) RBI notification
    C) NCLT scheme of arrangement
    D) CCI clearance
    E) None of the above
    View Answer
    Option C
    Explanation:

    The boards of Tata Motors, Tata Capital, and Tata Motors Finance have approved a merger of Tata Motors Fin with Tata Capital through an NCLT (National Company Law Tribunal) scheme of arrangement, Tata Motors said.
  9. Which mutual fund house became the first in India to achieve the Rs 10 trillion milestone in assets under management (AUM)?
    A) HDFC Mutual Fund
    B) ICICI Prudential Mutual Fund
    C) SBI Mutual Fund
    D) Reliance Mutual Fund
    E) None of the above
    View Answer
    Option C
    Explanation:

    SBI Mutual Fund (SBI MF) made history by becoming the first fund house in the country to achieve the Rs 10 trillion milestone in assets under management (AUM). The industry leader has adeptly navigated the post-pandemic equity boom and capitalised on the increasing awareness of MF investing.
  10. Which company is set to develop a global economic hub in Navi Mumbai by securing sub-leases on approximately 3,750 acres of land?
    A) Tata Group
    B) Adani Group
    C) Mahindra Group
    D) Reliance Industries Limited
    E) None of the above
    View Answer
    Option D
    Explanation:

    Reliance Industries Limited (RIL) is set to develop a global economic hub in Navi Mumbai, having secured sub-leases on approximately 3,750 acres of land for Rs 13,400 crore. The lease spans 43 years and stems from a memorandum of understanding signed with the Maharashtra government in 2018.
  11. Which airline will become India’s largest international carrier following its merger with Vistara, as approved by the National Company Law Tribunal (NCLT)?
    A) IndiGo
    B) SpiceJet
    C) Air India
    D) GoAir
    E) None of the above
    View Answer
    Option C
    Explanation:

    The National Company Law Tribunal (NCLT) granted approval to Vistara’s merger with Air India. The merger will make Air India group India’s largest international carrier, connecting five of the seven continents, operating more flights on international routes than any other airline.
  12. Who won India’s first medal at the International Shooting Sports Federation (ISSF) World Cup held in Munich, Germany?
    A) Abhinav Bindra
    B) Gagan Narang
    C) Sarabjot Singh
    D) Jitu Rai
    E) None of the above
    View Answer
    Option C
    Explanation:

    Sarabjot Singh won India’s first medal at the International Shooting Sports Federation (ISSF) World Cup, which was held in Munich, Germany. The ISSF World Cup will be held from May 31 to June 8, 2024.
  13. Who took over the additional charge of Director General of Employees’ State Insurance Corporation (ESIC) under the Ministry of Labour & Employment?
    A) Sanjay Kumar
    B) Kamal Kishore Soan
    C) Rajiv Gauba
    D) Alok Kumar
    E) None of the above
    View Answer
    Option B
    Explanation:

    Kamal Kishore Soan, a senior IAS officer from Jharkhand Cadre (Batch : 1998) currently serving as an Additional Secretary and Director General, Labour Welfare in the Ministry of Labour & Employment, took over the additional charge of Director General of Employees’ State Insurance Corporation (ESIC) under Ministry of Labour & Employment.
  14. Who has been announced as the recipient of the Dilip Bose award for lifetime achievement by the All India Tennis Association (AITA)?
    A) Vijay Amritraj
    B) Leander Paes
    C) Nar Singh
    D) Mahesh Bhupathi
    E) None of the above
    View Answer
    Option C
    Explanation:

    The All India Tennis Association (AITA) has announced the Dilip Bose award for lifetime achievement to coach Nar Singh. The award along with a cash prize of Rs.50,000 will be presented during the 11th National coaches workshop to be held at the PYC Hindu Gymkhana in Pune.
  15. Which Indian cricketer became the first ever batter to hit 600 sixes in international cricket?
    A) Virat Kohli
    B) Rohit Sharma
    C) MS Dhoni
    D) Sachin Tendulkar
    E) None of the above
    View Answer
    Option B
    Explanation:

    India skipper Rohit Sharma rewrote several records that included becoming the first ever batter to smash 600 sixes in international cricket. The ‘Hitman’ went up on multiple records’ list with his superb knock in India’s T20 World Cup tournament opener against Ireland at the Nassau Stadium in New York.
  16. Which bird sanctuaries in Bihar were added to the global list of important wetlands on World Environment Day?
    A) Valmiki Bird Sanctuary and Rajgir Bird Sanctuary
    B) Bhimbandh Bird Sanctuary and Kaimur Bird Sanctuary
    C) Nagi Bird Sanctuary and Nakti Bird Sanctuary
    D) Vikramshila Bird Sanctuary and Udaipur Bird Sanctuary
    E) None of the above
    View Answer
    Option C
    Explanation:

    India celebrated World Environment Day with the addition of the Nagi Bird Sanctuary and the Nakti Bird Sanctuary in Bihar to the global list of important wetlands.
  17. ESA’s EarthCARE satellite, launched from Vandenberg Space Force Base, California, is a joint mission between ESA and which other space agency?
    A) NASA
    B) Roscosmos
    C) None of these
    D) CNSA
    E) JAXA
    View Answer
    Option E
    Explanation:

    ESA’s EarthCARE satellite lifted off on a Falcon 9 rocket from the Vandenberg Space Force Base in California, USA.This exciting new mission is a joint venture between ESA and the Japan Aerospace Exploration Agency (JAXA) and was designed and built by a consortium of more than 75 companies under Airbus as the prime contractor.
  18. The newly discovered ant species named Paraparatrechina neela was found in which Indian state?
    A) Meghalaya
    B) Manipur
    C) Arunachal Pradesh
    D) Mizoram
    E) None of the above
    View Answer
    Option C
    Explanation:

    Researchers have discovered a new ant species in the East Siang district of Arunachal Pradesh, a state located in northeast India. Belonging to the rare genus Paraparatrechina, the blue-coloured insect has been named Paraparatrechina neela.
  19. India’s first biosphere in a tiger reserve, named Rajaji Raghati Biosphere (RRB), was created by environmentalists Jai Dhar Gupta and Vijay Dhasmana in which national park?
    A) Corbett National Park
    B) Bandipur National Park
    C) Rajaji National Park
    D) Ranthambore National Park
    E) None of the above
    View Answer
    Option C
    Explanation:

    Ahead of World Environment Day on June 5,2024. In a remarkable initiative to combat deforestation two environmentalists, Jai Dhar Gupta and Vijay Dhasmana created India’s first biosphere in a tiger reserve, called the Rajaji Raghati Biosphere (RRB) within the Rajaji National Park in Uttarakhand.
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