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Banking QuizCA Quizzes (English)

Current Affairs Quiz: March 14, 2024

    1. The semiconductor fabrication facility at the Dholera Special Investment Region (DSIR) will be established by which company?
      A) Dynamatic Technologies
      B) Tata Electronics Private Limited
      C) Bharat Electronics Ltd
      D) Alpha Design Technologies
      E) None of the above
      View Answer
      Option A
      Explanation:

      The semiconductor fabrication facility at the Dholera Special Investment Region (DSIR) will be established by Tata Electronics Private Limited (TEPL) under the Modified Scheme for setting up semiconductor fabs in India.
    2. India signed protocol for establishment of its first bilateral institutional mechanism with which country on trade and commerce?
      A) Colombia
      B) Dominican Republic
      C) Venezuela
      D) Curaçao
      E) None of the above
      View Answer
      Option B
      Explanation:

      The protocol for establishment of Joint Economic and Trade Committee (JETCO) between India and Dominican Republic was signed at the Ministry of Foreign Affairs (MIREX) of Dominican Republic at Santo Domingo.
    3. The Bharat SaaS Yatra, an initiative to celebrate and nurture India’s Software as a Service (SaaS) sector, commenced its journey from Bhubaneswar. The Yatra will traverse through how many cities across the country?
      A) 15
      B) 20
      C) 10
      D) 25
      E) None of the above
      View Answer
      Option B
      Explanation:

      The Bharat SaaS Yatra, an initiative to celebrate and nurture India’s Software as a Service (SaaS) sector, commenced its journey from Bhubaneswar. The Yatra will traverse through 20 cities across the country, orchestrating immersive SaaS exhibitions to showcase the accomplishments of the SaaS ecosystem
    4. The Ministry of Rural Development (MoRD) with which institute has signed a Memorandum of Understanding (MoU) to collaborate on geospatial technology and artificial intelligence (AI) in rural development?
      A) IIT Kanpur
      B) IIT BHU
      C) IIT Delhi
      D) IIT Bhilai
      E) None of the above
      View Answer
      Option C
      Explanation:

      The Ministry of Rural Development (MoRD) and IIT Delhi have signed a Memorandum of Understanding (MoU) to collaborate on geospatial technology and artificial intelligence (AI) in rural development.
    5. The National Institute of Electronics and Information Technology (NIELIT) in India and the Information Technology Institute (ITI) in Egypt signed a Memorandum of Understanding (MoU) to enhance workforce skills, promote employment opportunities, address skills gaps, and foster international cooperation. Who is National Institute of Electronics and Information Technology’s Director General?A) Tapan Deka
      B) Subodh Jaiswal
      C) MM Tripathi
      D) Dinkar Gupta
      E)None of the above
      View Answer
      Option C
      Explanation:

      The National Institute of Electronics and Information Technology (NIELIT) in India and the Information Technology Institute (ITI) in Egypt signed a Memorandum of Understanding (MoU) to enhance workforce skills, promote employment opportunities, address skills gaps, and foster international cooperation.
      The agreement was signed by the NIELIT Director General, MM Tripathi and Egypt’s ITI Chairman, Heba Saleh to promote cooperation and collaboration in the IECT domain
    6. At which C-DAC, Union Minister of State for Electronics and IT, Skill Development, Entrepreneurship and Jal Shakti, Rajeev Chandrasekhar, inaugurated India’s first Future LABS center?
      A) Hyderabad
      B) Bengaluru
      C) Thiruvananthapuram
      D) Mohali
      E) None of the above
      View Answer
      Option C
      Explanation:

      Union Minister of State for Electronics and IT, Skill Development, Entrepreneurship and Jal Shakti, Rajeev Chandrasekhar inaugurated India’s first FutureLABS center in C-DAC Thiruvananthapuram.
    7. The Ministry of Earth Sciences (MoES), hosted the 1st ‘Blue Talks’ meeting. The meeting was co-partnered by the Embassy of France and Embassy of Costa Rica in India. This meeting is a forerunner to the upcoming High-Level Event on Ocean Action (HLEOA) event ‘Immersed in Change’ scheduled to be held in which month of 2024?
      A) June
      B) August
      C) March
      D) September
      E) None of the above
      View Answer
      Option A
      Explanation:

      The Ministry of Earth Sciences (MoES), hosted the 1st ‘Blue Talks’ meeting in New Delhi. The meeting was co-partnered by the Embassy of France and Embassy of Costa Rica in India. More than 50 participants from government, academia and research institutes witnessed the in-person, high level deliberations on matters related to ‘Ocean Health and Governance’.This meeting is a forerunner to the upcoming High-Level Event on Ocean Action (HLEOA) event ‘Immersed in Change’ scheduled to be held on 7th-8th June, 2024 in San Jose, Costa Rica.
    8. Enrolment under PMFBY increased by how much percent in current year 2023-24?
      A) 30%
      B) 27%
      C) 35%
      D) 20%
      E) None of the above
      View Answer
      Option B
      Explanation:

      In past 8 Years of implementation of Pradhan Mantri Fasal Bima Yojana (PMFBY) – 56.80 crore farmer applications have been enrolled and over 23.22 crore farmer applicants received claims.Further, during the year 2023-24, there in an increase of 27% in terms of farmers enrolled under the scheme so far. Also 42% of total farmers insured under the scheme in FY 2023-24 are non-loanee farmers.

    9. Which state Cabinet made it mandatory to include the name of the mother in all government documents such as Aadhaar and PAN cards which will be implemented in May 2023-24?
      A) Maharashtra
      B) Uttar Pradesh
      C) Kerala
      D) Karnataka
      E) None of the above
      View Answer
      Option A
      Explanation:

      The Maharashtra Cabinet made it mandatory to include the name of the mother in all government documents such as Aadhaar and PAN cards. The order will be implemented from May.
    10. The World Health Organization (WHO) has announced that the World Bank, Bill & Melinda Gates Foundation, and UNICEF have committed for nearly what amount to eliminate cervical cancer?
      A) $480 million
      B) $720 million
      C) $590 million
      D) $300 million
      E) None of the above
      View Answer
      Option C
      Explanation:

      The World Health Organization (WHO) has announced that the World Bank, Bill & Melinda Gates Foundation, and UNICEF have committed nearly $590 million to eliminate cervical cancer.
    11. Bank of Baroda (BoB) announced the launch of the bob Earth Green Term Deposit Scheme with how much percent interest rates?
      A) 5.5%
      B) 7.5%
      C) 3.4%
      D) 5.8%
      E)None of the above
      View Answer
      Option B
      Explanation:

      Bank of Baroda launches green term deposit scheme with 7.15% interest
    12. Aurionpro Solutions announced a significant order win from which bank for the license, implementation and support of iCashpro+, its next-gen cash management and transaction banking platform?A) State Bank of India
      B) Punjab National Bank
      C) Bank of Maharashtra
      D) Bank of Baroda
      E) None of the above
      View Answer
      Option A
      Explanation:

      Aurionpro Solutions announced a significant order win from the State Bank of India (SBI) for the license, implementation and support of iCashpro+, its next-gen cash management and transaction banking platform.

    13. Which company has partnered with the Election Commission of India (ECI) to provide authoritative information on voting processes for the upcoming general elections?
      A) Apple
      B) Meta
      C) Google
      D) Infosys
      E) None of the above
      View Answer
      Option C
      Explanation:

      Google has partnered with the Election Commission of India (ECI) to provide authoritative information on voting processes for the upcoming general elections via Google Search and YouTube videos.
    14. Development bank SIDBI has secured approval from the Green Climate Fund (GCF) for its first anchored project, Avaana Sustainability Fund (ASF), valued at $120 million. Where is the headquarters of Green Climate Fund located?
      A) Brussels, Belgium
      B) Incheon, South Korea
      C) Zurich, Switzerland
      D) Beijing, China
      E) California, USA
      View Answer
      Option B
      Explanation:

      Development bank SIDBI said it has secured approval from the Green Climate Fund (GCF) for its first anchored project, Avaana Sustainability Fund (ASF), valued at $120 million.
      The Green Climate Fund is a fund established within the framework of the United Nations Framework Convention on Climate Change as an operating entity of the Financial Mechanism to assist developing countries in adaptation and mitigation practices to counter climate change. The GCF is based in Incheon, South Korea.
    15. L&T Finance Holdings Ltd (LTFH) has signed a financing pact with Japan International Cooperation Agency (JICA) for $125 million to support financing in rural and peri-urban areas in India, particularly women borrowers. At least what percent of the funds will be allocated to women borrowers?
      A) 25%
      B) 40%
      C) 70%
      D) 35%
      E) None of the above
      View Answer
      Option B
      Explanation:

      L&T Finance Holdings Ltd (LTFH) has signed a financing pact with Japan International Cooperation Agency (JICA) for $125 million to support financing in rural and peri-urban areas in India, particularly women borrowers.
      At least 40% of the funds will be allocated to women borrowers while the rest will be disbursed to farmers, MSMEs, and two-wheeler loans. Last November, L&T Finance sourced $125 million from Asia Development Bank for a similar lending programme
    16. The government has set a target to have how many Janaushadhi Kendras across the country by March 31, 2026?
      A) 35000
      B) 25,000
      C) 15000
      D) 30000
      E) None of the above
      View Answer
      Option A
      Explanation:

      The government has set a target to have 25,000 Janaushadhi Kendras across the country by March 31, 2026. Till January 31, 2024, about 10,624 Pradhan Mantri Bhartiya Janaushadhi Kendras (PMBJKs) were functional across the country
    17. In which state Tata Power Solar Systems Limited (TPSSL), a subsidiary of Tata Power Renewable Energy Limited (TPREL), completed India’s largest Solar and Battery Energy Storage Systems (BESS) project?
      A) Jharkhand
      B) Odisha
      C) Chhattisgarh
      D) Madhya Pradesh
      E) Uttar Pradesh
      View Answer
      Option C
      Explanation:

      Tata Power Solar Systems Limited (TPSSL), a subsidiary of Tata Power Renewable Energy Limited (TPREL), completed India’s largest Solar and Battery Energy Storage Systems (BESS) project in Chhattisgarh.
    18. Foreign direct investment (FDI) inflows in India declined to what percent in April-December?
      A) 12%
      B) 13%
      C) 8%
      D) 11%
      E) None of the above
      View Answer
      Option B
      Explanation:

      Foreign direct investment (FDI) inflows in India declined 13 per cent to $ 32.03 billion in April-December 2023, dragged down by lower infusion in computer hardware and software, telecom, auto, and pharma sectors, according to the latest government data.
    19. Formula 1 champion Max Verstappen eased to victory in the season-opening Bahrain Grand Prix despite the turmoil surrounding his Red Bull team principal Christian Horner. He set an F1 record of how many consecutive wins in last season(2023)?
      A) 13
      B) 10
      C) 11
      D) 17
      E) None of the above
      View Answer
      Option B
      Explanation:

      Formula 1 champion Max Verstappen eased to victory in the season-opening Bahrain Grand Prix despite the turmoil surrounding his Red Bull team principal Christian Horner.It was the eighth win in a row for Verstappen going back to September last year. He set an F1 record of 10 consecutive wins last season.

    20. The Indian Sugar and Bio-energy Manufacturers Association (ISMA) has appointed whom as its new Director General?A) N K Singh
      B) Deepak Ballani
      C) Manoj Pande
      D) R. Hari Kumar
      E) None of the above
      View Answer
      Option B
      Explanation:

      The Indian Sugar and Bio-energy Manufacturers Association (ISMA) has appointed Deepak Ballani as its new Director General.
    21. Who assumed position of Executive Director at Indian Overseas Bank in March 2024?
      A) Dhanaraj T
      B) Shri Tapan RayC) Chandra Shekhar Ghosh
      D) L V Prabhakar
      E) None of the above
      View Answer
      Option A
      Explanation:

      Banker Dhanaraj T has assumed office as the executive director of the Indian Overseas Bank (IOB)
    22. Airtel Payments Bank announced the appointment of whom as its Chief Financial Officer (CFO) in March 2024?
      A) Charanjit Attra
      B) Anuj Bansal
      C) Srinivasan Vaidyanathan
      D) Anindya Banerjee
      E) None of the above
      View Answer
      Option B
      Explanation:

      Airtel Payments Bank announced the appointment of Anuj Bansal as Chief Financial Officer (CFO).
    23. Which Senior IPS officer was inducted as a Deputy Inspector General in the CBI, according to a Union personnel ministry order?
      A) D. Roopa
      B) Shivdeep Lande
      C) Sarah Sharma
      D) Sanjukta Parashar
      E) None of the above
      View Answer
      Option C
      Explanation:

      Senior IPS officer Sarah Sharma was inducted as a Deputy Inspector General in the CBI, according to a Union personnel ministry order.

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