Tuesday, May 28, 2024
Banking QuizCA Quizzes (English)

Current Affairs Quiz: March 22, 2024

  1. Which organization recently launched India’s first LNG-powered bus, inaugurated by Maharashtra Chief Minister Eknath Shinde?
    A) Indian Oil Corporation Limited
    B) Maharashtra State Road Transport Corporation (MSRTC)
    C) Hindustan Petroleum Corporation Limited
    D) Bharat Petroleum Corporation Limited
    E) none of the above
    View Answer
    Option B
    Explanation:

    Maharashtra Chief Minister Eknath Shinde inaugurated India’s first Liquefied Natural Gas (LNG) powered bus, which will be operated by Maharashtra State Road Transport Corporation.MSRTC has signed an MoU with M/s Kings Gas for the conversion of buses to LNG.
  2. Which two organizations recently collaborated to promote inclusivity and accessibility for Persons with Disabilities (PwDs) in public spaces and buildings?
    A) Department of Empowerment of Persons with Disabilities (DEPwD) and Indian Institute of Architects (IIA)
    B) Council of Architecture (COA) and Ministry of Social Justice and Empowerment
    C) Department of Empowerment of Persons with Disabilities (DEPwD) and Council of Architecture (COA)
    D) National Institute of Design (NID) and Department of Empowerment of Persons with Disabilities (DEPwD)
    E) None of the above
    View Answer
    Option C
    Explanation:

    The Department of Empowerment of Persons with Disabilities (DEPwD) is pleased to announce a groundbreaking collaboration with the Council of Architecture (COA) aimed at promoting inclusivity and accessibility for Persons with Disabilities (PwDs) in public spaces and buildings.
  3. Which two entities recently signed a Memorandum of Understanding (MoU) to enhance agricultural practices and deliver new technology to farmers with small land holdings?
    A) Indian Agricultural Research Institute (IARI) and Dhanuka Agritech Limited
    B) Indian Council of Agricultural Research (ICAR) and Bayer CropScience
    C) Indian Council of Agricultural Research (ICAR) and Dhanuka Agritech Limited
    D) National Institute of Agricultural Marketing (NIAM) and Dhanuka Agritech Limited
    E) None of the above
    View Answer
    Option C
    Explanation:

    In a move to enhance agricultural practices, the Indian Council of Agricultural Research (ICAR) and Dhanuka Agritech Limited signed a Memorandum of Understanding (MoU). The agreement was signed by Deputy Director General (Agricultural Extension) of ICAR, Dr. U.S. Gautam, and Chairman of Dhanuka Agritech Limited, Dr. R.G. Aggarwal.The agreement aims to utilize the efficiency of both institutions to deliver new technology to farmers with small land holdings.
  4. Which organization collaborated with the Ministry of Electronics and Information Technology (MeitY) to launch the BhashaNet portal, aimed at promoting digital inclusion through multilingual internet access?
    A) Universal Acceptance Consortium
    B) National Institute of Electronics and Information Technology
    C) National Internet Exchange of India (NIXI)
    D) Internet Corporation for Assigned Names and Numbers (ICANN)
    E) None of the above
    View Answer
    Option C
    Explanation:

    Ministry of Electronics and Information Technology (MeitY) and National Internet Exchange of India (NIXI) have announced the launch of the BhashaNet portal at the Universal Acceptance Day event.The portal is aimed at advancing the vision of digital inclusion.
    The theme of the event, “BhashaNet: Impetus Towards Universal Acceptance,” highlighted MeitY/NIXI’s unwavering commitment towards ensuring that, regardless of linguistic or textual barriers, everyone can fully participate in the digital world.
  5. What additional proposal did the Cabinet Committee on Security (CCS) approve besides the Defence Research and Development Organisation (DRDO) project for designing the Advanced Medium Combat Aircraft (AMCA)?
    A) Acquisition of new fighter jets for the Indian Air Force
    B) Development of a new naval base
    C) Purchase of 34 Advanced Light Helicopters Dhruv for the Indian Army and Indian Coast Guard
    D) Investment in a cybersecurity initiative
    E) None of the above
    View Answer
    Option C
    Explanation:

    The Cabinet Committee on Security (CCS) gave nod to a Defence Research and Development Organisation (DRDO) project for designing and developing Advanced Medium Combat Aircraft (AMCA) to fulfil Indian Air Force’s (IAF’s) requirement for a fifth generation stealth fighter jet.Besides that, the CCS in its meeting, has also cleared proposals for acquisition of 34 new Advanced Light Helicopters Dhruv for the Indian Army and Indian Coast Guard.
  6. Which municipal corporation in Asia recently achieved the milestone of raising 1 billion rupees through certified green municipal bonds?
    A) Surat Municipal Corporation
    B) Mumbai Municipal Corporation
    C) Vadodara Municipal Corporation
    D) Bengaluru Municipal Corporation
    E) None of the above
    View Answer
    Option C
    Explanation:

    The Vadodara Municipal Corporation has achieved a significant milestone by becoming the first municipal corporation in Asia to raise 1 billion rupees through certified green municipal bonds.
  7. With which organization did the Ministry of Rural Development, Government of India, solidify its commitment to boosting livelihood interventions under the Deendayal Antyodaya Yojana-National Rural Livelihoods Mission (DAY-NRLM) through a Non-Financial Memorandum of Understanding (MoU)?
    A) Bharat Petroleum Corporation Limited (BPCL)
    B) Bharat Financial Inclusion Limited (BFIL)
    C) None of these
    D) State Bank of India (SBI)
    E) Hindustan Unilever Limited (HUL)
    View Answer
    Option B
    Explanation:
    Ministry of Rural Development, GOI, and Bharat Financial Inclusion Limited (BFIL) have solidified their commitment to boosting livelihood interventions under the Deendayal Antyodaya Yojana-National Rural Livelihoods Mission (DAY-NRLM) through a Non-Financial Memorandum of Understanding (MoU).

  8. Who was unanimously elected as the co-chair of the Digital Innovation Board of the International Telecommunication Union (ITU)?
    A) Dr. Neeraj Mittal
    B) Dr. Manoj Sinha
    C) Dr. Ravi Shankar Prasad
    D) Dr. Aruna Sundararajan
    E) None of the above
    View Answer
    Option A
    Explanation:

    DoT Secretary, Dr Neeraj Mittal, was unanimously elected as co-chair of the Digital Innovation Board of ITU, formed under the aegis of Innovation and Entrepreneurship Alliance for Digital Development.
  9. Which two Indian naval vessels are set to participate in the India Mozambique Tanzania (IMT) Tri-Lateral Exercise scheduled from March 21 to March 29, 2024?
    A) INS Vikrant and INS Viraat
    B) INS Tir and INS Sujata
    C) INS Delhi and INS Kolkata
    D) INS Chakra and INS Shankush
    E) None of the above
    View Answer
    Option B
    Explanation:

    Two Indian naval vessels, INS Tir and INS Sujata, are gearing up to participate in the upcoming India Mozambique Tanzania (IMT) Tri-Lateral Exercise. Scheduled from March 21 to March 29, 2024, this joint maritime exercise aims to strengthen cooperation between India, Mozambique, and Tanzania.
  10. What is the name of the comprehensive US Dollar student health insurance plan recently introduced by HDFC Life International, specifically designed for students studying abroad?
    A) Overseas Student Health Protector
    B) Global Student Health Assurance
    C) International Scholar Medical Coverage
    D) Global Student Health Care
    E) None of the above
    View Answer
    Option D
    Explanation:

    GIFT IFSC based HDFC Life International announced the launch of a comprehensive US Dollar Student Health Insurance Plan, under the plan name ‘Global Student Health Care’. The product is designed for students who are currently studying abroad.
  11. Which leading private general insurer recently launched “Insurance Samjho,” a Gen AI powered bot aimed at simplifying insurance complexities for customers?
    A) HDFC ERGO General Insurance
    B) ICICI Lombard General Insurance
    C) Bajaj Allianz General Insurance
    D) Reliance General Insurance
    E) None of the above
    View Answer
    Option C
    Explanation:

    Leading private general insurer Bajaj Allianz General Insurance launched “Insurance Samjho”, a Gen AI powered bot designed to simplify insurance complexities for customers.The bot aims to address the dissatisfaction of policyholders during claim settlement arising due to lack of understanding, intricate details and fine print of the insurance policy.
  12. Which companies collaborated to launch a Smart Watch aimed at facilitating contactless payments, thus introducing “A New Way to Pay”?
    A) Airtel Payments Bank and Samsung
    B) Airtel Payments Bank and Noise
    C) None of these
    D) Airtel Payments Bank and Fitbit
    E) Airtel Payments Bank and Garmin
    View Answer
    Option B
    Explanation:

    Airtel Payments Bank collaborated with Noise, a smartwatch brand, and Mastercard, a global technology company in the payments space, to unveil A New Way to Pay. The entities have come together to launch a Smart Watch that aims to make contactless payments.
  13. How much lending commitment did DBS Bank India announce for new-age start-ups to foster innovation and entrepreneurship within the country’s start-up ecosystem?
    A) USD 100 million
    B) USD 200 million
    C) USD 250 million
    D) USD 300 million
    E) None of the above
    View Answer
    Option C
    Explanation:

    DBS Bank India announced a lending commitment of USD 250 million for new-age start-ups. The initiative is part of the bank’s focus on fostering innovation and entrepreneurship within the country’s thriving start-up ecosystem.
  14. What were the month-to-month inflation rates based on the Consumer Price Index for Agricultural Laborers (CPI-AL) and Rural Laborers (CPI-RL) in February 2024?
    A) CPI-AL: 7.43%, CPI-RL: 7.36%
    B) CPI-AL: 7.36%, CPI-RL: 7.43%
    C) CPI-AL: 1258, CPI-RL: 1269
    D) CPI-AL: 1269, CPI-RL: 1258
    E) None of the above
    View Answer
    Option A
    Explanation:

    The All-India Consumer Price Index for Agricultural Laborers and Rural Laborers (Base: 1986-87=100) remained steady in February 2024, with figures of 1258 and 1269, respectively.The month-to-month inflation rates based on CPI-AL and CPI-RL were recorded at 7.43% and 7.36% in February 2024 showing a decrease from 7.52% and 7.37% in January 2024 respectively.
  15. Axis Mutual Fund has collaborated with which organization to provide individualized learning journeys aimed at enhancing the performance and productivity of its workers?
    A) Enparadigm
    B) Infosys
    C) TCS
    D) Wipro
    E) None of the above
    View Answer
    Option A
    Explanation:

    Axis Mutual Fund, a well-known asset management organization based in Mumbai, has partnered with Enparadigm, a leader in AI-powered experiential learning solutions.This collaboration seeks to provide individualized learning journeys to improve the performance and productivity of Axis MF workers at all levels.
  16. What was the primary objective of the Memorandum of Understanding (MoU) signed between the National Cadet Corps (NCC) and the Nuclear Power Corporation of India Limited (NPCIL)?
    A) To enhance military training for NCC cadets
    B) To promote nuclear disarmament
    C) To conduct awareness programs on the peaceful use of nuclear power
    D) To develop renewable energy sources
    E) None of the above
    View Answer
    Option C
    Explanation:

    National Cadet Corps (NCC) and Nuclear Power Corporation of India Limited (NPCIL) signed a Memorandum of Understanding (MoU) in New Delhi to conduct various awareness programmes throughout the country to enhance public perceptions on peaceful use of nuclear power and disseminate scientific & authentic information. The MoU was signed between DG NCC Lt Gen Gurbirpal Singh and Executive Director (Corporate Communication & Corporate Planning), NPCIL Shri BVS Shekhar.
  17. Which entity has been awarded the status of Miniratna Category-I Central Public Sector Enterprise (CPSE) by the Ministry of Power, Government of India?
    A) National Thermal Power Corporation (NTPC)
    B) Power Grid Corporation of India Limited (POWERGRID)
    C) The Grid Controller of India Limited (GRID-India)
    D) Bharat Heavy Electricals Limited (BHEL)
    E) None of the above
    View Answer
    Option C
    Explanation:

    The Grid Controller of India Limited (GRID-India) has been awarded the status of Miniratna Category-I Central Public Sector Enterprise (CPSE). This recognition given by the Ministry of Power, Government of India underlines the role of Grid-India in the power scenario of the country.
  18. Which organizations signed a Memorandum of Understanding (MoU) to integrate Artificial Intelligence (AI) and Machine Learning (ML) into Sri Lanka’s National School Curriculum?
    A) Ministry of Education (MOE) and Apple
    B) Ministry of Education (MOE) and Google
    C) Ministry of Education (MOE) and Microsoft
    D) Ministry of Education (MOE) and IBM
    E) None of the above
    View Answer
    Option C
    Explanation:

    The Ministry of Education (MOE) in Sri Lanka and Microsoft have signed a Memorandum of Understanding (MoU) to usher in a new era of education by enabling the integration of Artificial Intelligence (AI) and Machine Learning (ML) into Sri Lanka’s National School Curriculum.
  19. According to S&P Global Market Intelligence, what is the projected economic growth rate for India in fiscal year 2025 (FY25)?
    A) 6.2%
    B) 6.5%
    C) 6.8%
    D) 7.3%
    E) None of the above
    View Answer
    Option C
    Explanation:

    India’s economy will likely grow 6.8% in FY25, up from 6.5% projected earlier, on the back of stronger growth momentum and improving global prospects, S&P Global Market Intelligence said.The global analytics firm also raised India’s FY24 forecast upward to 7.3% from 6.9% projected earlier.
  20. What was the retail inflation rate in India for February, according to the Consumer Price Index (CPI)?
    A) 5.10%
    B) 5.09%
    C) 3.00%
    D) 3.05%
    E) 5.08%
    View Answer
    Option B
    Explanation:

    India’s retail inflation gauged by the Consumer Price Index (CPI) is expected to remain slightly above 5 per cent till May before declining towards 3 per cent in July, according to SBI Research. The retail inflation print is expected to stay below 5 per cent beginning November till the end of the financial year 2024-25.Retail inflation in India eased a tad in February to 5.09 per cent from 5.10 per cent the prior month, due to the deceleration of prices in all categories except food.
  21. Who has been elected as the Chairman of the Indian Banks’ Association (IBA)?
    A) M.V. Rao
    B) Ramesh Kumar
    C) Sunil Mehta
    D) None of these
    E) Anil Sharma
    View Answer
    Option A
    Explanation:

    M.V. Rao, MD & CEO of Central Bank Of India has been elected as the Chairman of the Indian Banks’ Association.Three Deputy Chairmen for IBA would be Dinesh Kumar Khara, Chairman, State Bank of India (SBI); S L Jain, MD and CEO , Indian Bank and N Kamakodi, Managing Director and CEO, City Union Bank. Madhav Nair, Country Head and CEO, Bank of Bahrain and Kuwait, would be Honorary Secretary of the Association.
  22. For what achievement has the Reserve Bank of India (RBI) been selected for the Risk Manager Award by Central Banking Awards 2024?
    A) Strengthening financial regulations
    B) Implementing a new digital currency
    C) Rolling out a new enterprise-wide risk management (ERM) framework
    D) Enhancing monetary policy effectiveness
    E) None of the above
    View Answer
    Option C
    Explanation:

    The Reserve Bank said it has been selected for the Risk Manager Award by the London-based Central Banking as part of Central Banking Awards 2024.Reserve Bank of India has been selected for the Risk Manager Award for rolling out a new enterprise-wide risk management (ERM) framework across the organization.
  23. Who has been honored with the prestigious Maharashtra Gaurav Award for her contributions to the field of arts?
    A) Dr. Uma Rele
    B) Dr. Rajesh Kumar
    C) Dr. Sanjay Patel
    D) None of these
    E) Dr. Priya Singh
    View Answer
    Option A
    Explanation:

    Dr. Uma Rele, the esteemed Principal of Nalanda Nritya Kala Mahavidyalaya, Mumbai, has been conferred with the prestigious Maharashtra Gaurav Award.
  24. Who was awarded the prestigious ‘CERAWeek Leadership Award for Building Global Consensus towards a Sustainable Energy Future’ at the CERAWeek by S&P Global conference in Houston?
    A) Dr. Sultan Al Jaber
    B) Dr. Abdullah bin Hamad Al Attiyah
    C) Dr. Khalid Al-Falih
    D) Dr. Mohammed Barkindo
    E) None of the above
    View Answer
    Option A
    Explanation:

    Dr. Sultan Al Jaber, President of COP28, was awarded the prestigious ‘CERAWeek Leadership Award for Building Global Consensus towards a Sustainable Energy Future’ at the CERAWeek by S&P Global conference at Houston.

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