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

Current Affairs Quiz: March 26, 2024

  1. Which initiative has the Reserve Bank of India (RBI) recently announced for postgraduate students?
    A) Financial Literacy Ideathon
    B) Monetary Policy Symposium
    C) Economic Research Fellowship
    D) Banking Awareness Bootcamp
    E) None of the above
    View Answer
    Option A
    Explanation:

    The Reserve Bank of India (RBI) has announced a Financial Literacy Ideathon for postgraduate students, currently enrolled in recognised educational institutions.
  2. Which country emerged as the fifth-largest crude oil supplier to India in February, as Indian refiners took advantage of a US sanctions waiver on imports from that nation?
    A) Venezuela
    B) Saudi Arabia
    C) Iraq
    D) United Arab Emirates
    E) None of the above
    View Answer
    Option A
    Explanation:

    Indian refiners exploited the US sanctions waiver on Venezuela to import more than 1,75,000 barrels per day (b/d) crude oil from the South American country making it the fifth largest supplier in February.
  3. In which city did Ferrari driver Carlos Sainz of Spain win the Australian Formula One Grand Prix?
    A) Melbourne
    B) Sydney
    C) Brisbane
    D) Perth
    E) None of the above
    View Answer
    Option A
    Explanation:

    Ferrari driver Carlos Sainz of Spain poses with his trophy after winning the Australian Formula One Grand Prix at Albert Park, in Melbourne, Australia.
  4. Which initiative did the Election Commission announce to provide accessibility to elderly voters and Persons-with-Disabilities (PWDs) during elections?
    A) Polling Station Facilities Program
    B) Vote from Home Scheme
    C) Voter Accessibility Project
    D) Saksham App
    E) None of the above
    View Answer
    Option D
    Explanation:

    In a bid to provide accessibility to all and leave no voter behind, the Election Commission announced that the voters above 85 years of age and Persons-with-Disabilities (pwd) with 40 percent benchmark disability can vote from home. The Commission launched the Saksham App to facilitate easier voting for PWDs and to avail facilities at Polling Stations.
  5. At which literary festival was the English translation of ‘Fool Bahadur’, the first Magahi novel, launched by Indian poet-diplomat Abhay K?
    A) Kolkata Literary Festival
    B) Jaipur Literature Festival
    C) Dibrugarh University International Literature Festival
    D) Delhi Literature Carnival
    E) None of the above
    View Answer
    Option C
    Explanation:

    ‘Fool Bahadur’, the first Magahi novel, translated into English by Indian poet-diplomat Abhay K, was launched at the Dibrugarh University International Literature Festival by Jnanpith Awardee Damodar Mauzo, Prof Rita Kothari, Dr AJ Thomas and Chuden Kabimo in the presence of writers and invitees from several countries.
  6. What was the amount of funding provided by the Modi government to Regional Rural Banks (RRBs) under the recapitalization scheme as of March 6, and what financial parameter reached an all-time high of 13.83% for RRBs as of December 31, 2023?
    A) Rs 6212.03 crore; Net Profit Margin
    B) Rs 6031.20 crore; Return on Assets (ROA)
    C) Rs 6345.15 crore; Non-Performing Assets (NPAs)
    D) Rs 6498.98 crore; Capital to Risk-weighted Assets Ratio (CRAR)
    E) Rs 6212.03 crore; Capital to Risk-weighted Assets Ratio (CRAR)
    View Answer
    Option E
    Explanation:

    The Modi government has provided Rs 6212.03 crore to Regional Rural Banks under the recapitalization scheme as of March 6.The performance of RRBs has improved significantly, with a consolidated CRAR (Capital to Risk-weighted Assets Ratio) at an all-time high of 13.83 per cent as of December 31, 2023.
  7. Which city has dethroned Beijing as Asia’s billionaire capital, according to the latest Hurun Global Rich List 2024?
    A) Shanghai
    B) Mumbai
    C) Hong Kong
    D) Tokyo
    E) None of the above
    View Answer
    Option B
    Explanation:

    In a significant shift, Mumbai has dethroned Beijing as Asia’s billionaire capital, marking a historic milestone in the latest Hurun Global Rich List 2024. With 271 billionaires, India now stands third globally in terms of billionaire count.
  8. What significant milestone has Amul achieved recently, marking its debut in the international market, and which dairy cooperative has it partnered with to bring its fresh milk products to the United States?
    A) Launching a new range of dairy products; California Dairy Cooperative
    B) Introducing its fresh products in the United States; Wisconsin Milk Marketing Board
    C) Entering the European market; Michigan Milk Producers Association
    D) Expanding its operations in Asia; New York State Dairy Cooperative
    E) Introducing its fresh products in the United States; Michigan Milk Producers Association
    View Answer
    Option E
    Explanation:

    Amul, known as the ‘Taste of India,’ is making its debut in the international market with the launch of its fresh products in the United States.This marks the first time that Amul’s range of fresh products will be available outside India, targeting a market with a significant Indian and Asian diaspora.
    Amul has partnered with the Michigan Milk Producers Association, a 108-year-old dairy cooperative in the US, to bring its fresh milk products to American consumers. The announcement was made at the association’s annual meeting in Detroit, showcasing Amul’s commitment to global expansion.
  9. Which Supreme Court bench recently passed an order regarding the preservation of the Great Indian Bustard, emphasizing the importance of sustainable development and meeting international commitments towards promoting renewable energy sources?
    A) Chief Justice of India DY Chandrachud, JB Pardiwala, and Manoj Misra
    B) Chief Justice of India NV Ramana, DY Chandrachud, and AM Khanwilkar
    C) Chief Justice of India SA Bobde, RF Nariman, and UU Lalit
    D) Chief Justice of India Ranjan Gogoi, DY Chandrachud, and Rohinton Nariman
    E) None of the above
    View Answer
    Option A
    Explanation:

    The Supreme Court has recently appointed an expert committee to look into the preservation of the Great Indian Bustard which is “non-negotiable” and “need for sustainable development in the context of meeting the international commitments of the country towards promoting renewable sources of energy”.A bench led by Chief Justice of India DY Chandrachud, JB Pardiwala and Manoj Misra passed the order observing while dealing with a matter relating to protecting the Great Indian Bustard (GIB).
  10. Which milestone has Indian cricketer Virat Kohli recently achieved in his career, making him the first Indian player to accomplish this feat in the T20 format?
    A) Scoring 10,000 runs in T20 cricket
    B) Achieving a century in a T20 international match
    C) Captaining the Indian cricket team in 100 T20 matches
    D) None of these
    E) Scoring 12,000 runs in T20 cricket
    View Answer
    Option E
    Explanation:

    Indian skipper Virat Kohli has accomplished another milestone in his glorious cricket career. The ace Indian batsman has become the first Indian cricketer to score 12,000 runs in T20 format.
  11. What additional investment commitment has PepsiCo Inc., a leading global food and beverage company, announced for Vietnam?
    A) $200 million
    B) $300 million
    C) $400 million
    D) $500 million
    E) $600 million
    View Answer
    Option C
    Explanation:

    PepsiCo Inc., a leading global food and beverage company, has announced a significant investment commitment of an additional $400 million in Vietnam.
  12. What is the designation given to the new indigenous integrated drone detection and interdiction systems (IDD&IS) recently introduced by the Indian Army along the northern borders with China, which were developed by DRDO and Bharat Electronics?
    A) Advanced Defense Systems
    B) Integrated Counter-Drone Units
    C) Mark-1 Variants
    D) Tactical Anti-Drone Systems
    E) None of the above
    View Answer
    Option C
    Explanation:

    In a strategic move to bolster its defense capabilities along the northern borders with China, the Indian Army has inducted an initial lot of seven new indigenous integrated drone detection and interdiction systems (IDD&IS).These systems, which are vehicle-based, provide for both “soft kills” of hostile drones through jamming and “hard kills” through lasers. Developed by DRDO and Bharat Electronics, these systems, known as Mark-1 variants.
  13. What is S&P Global’s revised growth forecast for India’s GDP in fiscal year 2025?
    A) 6.4%
    B) 6.8%
    C) 6.7%
    D) 7.6%
    E) 7.8%
    View Answer
    Option B
    Explanation:

    S&P Global raised India’s FY25 growth forecast to 6.8% on the back of strong domestic demand and a pick-up in exports.
  14. Who has been honored by naming an asteroid recently, recognizing their contributions to science?
    A) Jayant Murthy
    B) Stephen Hawking
    C) Marie Curie
    D) Albert Einstein
    E) None of the above
    View Answer
    Option A
    Explanation:

    An asteroid has been named after Indian Professor and distinguished scientist Jayant Murthy.
  15. During Prime Minister Narendra Modi’s recent visit to Bhutan, what significant inauguration took place, signaling India’s assistance in bolstering healthcare infrastructure in the country?
    A) A new medical college
    B) A cancer research center
    C) None of these
    D) A hospital for women and children
    E) A pharmaceutical manufacturing unit
    View Answer
    Option D
    Explanation:

    Prime Minister Narendra Modi inaugurated a ₹140-crore hospital for women and children built in Thimphu with Indian assistance before winding up a two-day visit to Bhutan aimed at bolstering bilateral ties and cooperation in a wide range of areas.
  16. Which court recently declared the UP Board of Madarsa Education Act, 2004, as unconstitutional, citing violations of various constitutional principles and acts?
    A) Delhi High Court
    B) Bombay High Court
    C) Allahabad High Court
    D) Kolkata High Court
    E) None of the above
    View Answer
    Option C
    Explanation:

    The Lucknow bench of the Allahabad High Court declared the UP Board of Madarsa Education Act, 2004, as unconstitutional, ruling that it was violative of the principle of secularism, articles 14, 21, 21-A of the Constitution as well as section 22 of the University Grants Commission, Act of 1956.
  17. Which environmental movement, originating in Uttarakhand in the Himalayas in early 1973, celebrated its 50th anniversary recently?
    A) Save the Rivers Campaign
    B) Clean Air Initiative
    C) Chipko Movement
    D) Green Revolution
    E) None of the above
    View Answer
    Option C
    Explanation:

    The Chipko movement, which began in Uttarakhand, a state in the Himalayas, in early 1973, marks its 50th anniversary.
  18. In which Indian state is the Archaeological Survey of India (ASI) excavating a site in hopes of discovering India’s oldest temple?
    A) Rajasthan
    B) Madhya Pradesh
    C) Uttar Pradesh
    D) Bihar
    E) None of the above
    View Answer
    Option B
    Explanation:

    Archaeological Survey of India (ASI) is excavating a site in Madhya Pradesh, hoping to find India’s oldest temple.
  19. According to which report, has it been revealed that the world’s electronic waste generation is increasing five times faster than documented e-waste recycling?
    A) Global Environment Outlook (GEO) report
    B) World Health Organization (WHO) report
    C) Intergovernmental Panel on Climate Change (IPCC) report
    D) Global E-waste Monitor (GEM) report
    E) None of the above
    View Answer
    Option D
    Explanation:

    The world’s electronic waste generation is increasing five times faster than documented e-waste recycling, according to the United Nation’s fourth Global E-waste Monitor (GEM) report released recently.
  20. What historic decision did the General Assembly of the United Nations recently make regarding artificial intelligence?
    A) Implementing a global ban on artificial intelligence research
    B) Establishing an international task force to regulate artificial intelligence
    C) Approving the first United Nations resolution on artificial intelligence
    D) Allocating funds for the development of AI technologies
    E) None of the above
    View Answer
    Option C
    Explanation:

    The General Assembly approved the first United Nations resolution on artificial intelligence, giving global support to an international effort to ensure the powerful new technology benefits all nations, respects human rights and is “safe, secure and trustworthy.”
  21. Who has been awarded the 2024 Abel Prize, often regarded as the Nobel Prize equivalent in the field of mathematics, for his contributions to describing and predicting randomness in the universe?
    A) Michel Talagrand
    B) John von Neumann
    C) Andrew Wiles
    D) None of these
    E) Grigori Perelman
    View Answer
    Option A
    Explanation:

    The 2024 Abel Prize, the mathematics world’s Nobel Prize equivalent has been awarded to Michel Talagrand(72) for his advances in describing and predicting the universe’s randomness.
  22. At the Air Transport Awards 2024 held in Greece’s Athens, which airline was named the ‘Airline of the Year’?
    A) SpiceJet
    B) Air India
    C) Vistara
    D) IndiGo
    E) None of the above
    View Answer
    Option D
    Explanation:

    Budget airline IndiGo is named as the ‘Airline of the Year’ at the Air Transport Awards 2024 held in Greece’s Athens. The high-profile event witnessed the participation of some of the most prominent names in the industry.
  23. Who succeeded Antonio Costa as the leader of the Socialist Party, taking over from Costa who had been in power since 2015?
    A) Luis Montenegro
    B) Miguel Albuquerque
    C) Pedro Sanchez
    D) Manuel Valls
    E) Matteo Renzi
    View Answer
    Option A
    Explanation:

    The 51-year-old lawyer and veteran parliamentarian Luis Montenegro succeeds the Socialist Party’s Antonio Costa, who was in power since 2015.
  24. Who has been selected as the next Chairman and Managing Director (CMD) of New India Assurance by the Financial Services Institutions Bureau (FSIB), the head-hunting agency for public sector banks and insurance firms?
    A) Girija Subramanian
    B) Bhupesh Sushil Rahul
    C) Mariana Costa
    D) John Smith
    E) None of the above
    View Answer
    Option A
    Explanation:

    Financial Services Institutions Bureau (FSIB), the head-hunting agency for public sector banks and insurance firms, has selected Girija Subramanian, Chairperson and MD of Agriculture Insurance Company (AIC), and Bhupesh Sushil Rahul, AIC General Manager, as the next CMDs of New India Assurance and United India Insurance,
  25. Under which department of the Government of India was the Fact Check Unit (FCU) established?
    A) Ministry of Home Affairs (MHA)
    B) Ministry of Finance (MoF)
    C) Ministry of Information and Broadcasting (MIB)
    D) Ministry of External Affairs (MEA)
    E) None of the above
    View Answer
    Option C
    Explanation:

    Government of India notified Fact Check Unit (FCU) under the Press Information Bureau (PIB) of the Ministry of Information and Broadcasting (MIB) as the fact check unit of the Central Government.

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