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Banking QuizCA Quizzes (English)

Current Affairs Quiz: March 5, 2024

  1. Prime Minister Narendra Modi unveiled multiple metro projects across the country, including India’s first underwater metro line. Where will the first underwater metro line come?
    A) Kolkata
    B) Mumbai
    C) Delhi
    D) Bengaluru
    E) None of the above
    View Answer
    Option A
    Explanation:

    Prime Minister Narendra Modi unveiled multiple metro projects across the country, including India’s first underwater metro line in Kolkata. The ₹4,965-crore Howrah Maidan-Esplanade section of Kolkata Metro’s East-West Corridor, which has the first transportation tunnel “under any mighty river in India”, was inaugurated by the PM. The stretch also has the deepest metro station in the country — the Howrah metro station.

  2. Union Minister for Petroleum & Natural Gas and Housing & Urban Affairs Hardeep Puri inaugurated how many CNG stations in March 2024?
    A) 150
    B) 201
    C) 100
    D) 155
    E) None of the above
    View Answer
    Option B
    Explanation:

    Hardeep Puri inaugurated 201 CNG stations and India’s first small scale LNG unit of GAIL.
  3. The National Dam Safety Authority under the Ministry of Jal Shakti has constituted an expert committee for inspection and study of the designs and construction of Medigadda, Annaram, and Sundilla barrages of Kaleshwaram project in Telangana State. Who is the head of committee?
    A) Girish Bapat
    B) J. Chandrashekhar lyer
    C) Adhir Ranjan Chowdhury
    D) Santosh Gangwar
    E) None of the above
    View Answer
    Option B
    Explanation:

    The National Dam Safety Authority under the Ministry of Jal Shakti has constituted an expert committee headed by J. Chandrashekhar lyer, ex-chairman, Central Water Commission, for inspection and study of the designs and construction of Medigadda, Annaram, and Sundilla barrages of Kaleshwaram project in Telangana State.
  4. Who launched ‘Digital Intelligence Platform (DIP)’ of the Department of Telecommunications (DoT) for coordination among the stakeholders to curb misuse of telecom resources in cyber-crime and financial frauds, and ‘Chakshu’ facility on Sanchar Saathi portal, a pioneering initiative empowering citizens to proactively report suspected fraud communication?
    A) Pralhad Joshi
    B) Narayan Tatu Rane
    C) Ashwini Vaishnaw
    D) Virendra Kumar
    E) None of the above
    View Answer
    Option C
    Explanation:

    Union Minister for Communications Ashwini Vaishnaw launched ‘Digital Intelligence Platform (DIP)’ of the Department of Telecommunications (DoT) for coordination among the stakeholders to curb misuse of telecom resources in cyber-crime and financial frauds, and ‘Chakshu’ facility on Sanchar Saathi portal, a pioneering initiative empowering citizens to proactively report suspected fraud communication.
  5. The Government of India has notified the historic Press & Registration of Periodicals Act (PRP Act), 2023 and its Rules in its Gazette. From which date the PRP act 2023 has come into effect?
    A) 6th March 2024
    B) 1st March 2024
    C) 4th March2024
    D) 29th February2024
    E)None of the above
    View Answer
    Option B
    Explanation:

    The Government of India has notified the historic Press & Registration of Periodicals Act (PRP Act), 2023 and its Rules in its Gazette and consequently the Act has come into force from March 1.
  6. CSC has signed MoU with which bank to open Swavalamban Connect Kendras in Bihar and Jharkhand?
    A) State Bank of India
    B) Punjab National Bank
    C) Small Industries Development Bank of India
    D) National Bank for Agriculture and Rural DevelopmentE)None of the above
    View Answer
    Option C
    Explanation:

    SIDBI and CSC have signed MoU at SIDBI Head Office Lucknow to open Swavalamban Connect Kendras in Bihar and Jharkhand.
  7. Urban Frame Survey is conducted in how many years to prepare and maintain a frame of compact urban geographical units, which serve as sampling frame in urban sector, mainly for NSSO large scale socio-economic surveys?
    A) 10 years
    B) 5 years
    C) 8 years
    D)7 years
    E)None of the above
    View Answer
    Option B
    Explanation:

    UFS is conducted in five-year phases to prepare and maintain a frame of compact urban geographical units, which serve as sampling frame in urban sector, mainly for NSSO large scale socio-economic surveys.
  8. Which of the following has developed Haj Suvidha App launched by Union Minister for Minority Affairs, Smt. Smriti Zubin Irani for the benefit of all Haj Pilgrims?
    A) Academy of Geo informatics
    B) AIC-GISC Foundation
    C) Gujarat Biotechnology University
    D) BISAG-N
    E) None of the above
    View Answer
    Option D
    Explanation:

    As part of the Government’s efforts to make Haj a smoother and comfortable experience, the Union Minister for Minority Affairs, Smt. Smriti Zubin Irani launched the Haj Suvidha App for the benefit of all Haj Pilgrims.
    Haj Suvidha App has been developed by BISAG-N under the able guidance of the Union Minister for Minority Affairs, and will be a game changer in the pilgrimage experience.
    Union Minister, Irani also released the Haj Guide -2024 which has been prepared to make pilgrims aware of various aspects of the pilgrimage with special emphasis on the use of Haj Suvidha App for the pilgrims.
    BISAG-N: Bhaskaracharya National Institute for Space Applications and Geo-informatics
  9. Raksha Mantri launched ADITI scheme to promote innovations in critical & strategic defence technologies. What does ‘I’ stand for in ‘ADITI’?
    A) Identical
    B) Inventive
    C) Innovative
    D) Ideal
    E) None of the above
    View Answer
    Option C
    Explanation:

    Raksha Mantri Rajnath Singh launched Acing Development of Innovative Technologies with iDEX (ADITI) scheme to promote innovations in critical and strategic defence technologies, during DefConnect 2024 in New Delhi. Under the scheme, start-ups are eligible to receive grant-in-aid of up to Rs 25 crore for their research, development, and innovation endeavours in defence technology
  10. Which bank has announced the launch of Smart Choice Gold Loan meant for aspirational customers?
    A) HDFC
    B) Kotak Mahindra Bank
    C) Axis
    D) ICICI
    E)None of the above
    View Answer
    Option B
    Explanation:

    Kotak Mahindra Bank has announced the launch of Smart Choice Gold Loan meant for aspirational customers. The private lender in a statement said the loan offers five key features and would turn out to be a compelling alternative to conventional credit options.
  11. Which bank introduced its newest product, the Stellar Savings Account, aiming to transform the banking sector by delivering exceptional benefits and innovative features?
    A) Union Bank of India
    B) Federal Bank
    C) State Bank of India
    D) Axis Bank
    E) None of the above
    View Answer
    Option B
    Explanation:

    Federal Bank introduced its newest product, the Stellar Savings Account, aiming to transform the banking sector by delivering exceptional benefits and innovative features.
  12. NPCI International Payments Limited (NIPL), a subsidiary of National Payments Corporation of India (NPCI), and which leading bank signed a Memorandum of Understanding (MoU) towards enhancing cross-border payments using the UPI platform?
    A) HSBC
    B) Eurobank
    C) Standard Chartered Bank
    D) Bank of China
    E) None of the above
    View Answer
    Option B
    Explanation:

    NPCI International Payments Limited (NIPL), a subsidiary of National Payments Corporation of India (NPCI), and leading Greek bank Eurobank signed a Memorandum of Understanding (MoU) towards enhancing cross-border payments using the UPI platform.
  13. The Reserve Bank said that 30 banks are facilitating people to search their unclaimed deposits/accounts through UDGAM portal, and the remaining banks are in the process of getting on-boarded. What does D stand for in ‘UDGAM’?
    A) Deep
    B) Distribution
    C) Demand
    D) Deposits
    E)None of the above
    View Answer
    Option D
    Explanation:

    UDGAM – Unclaimed Deposits-Gateway to Access Information
  14. The National Bank for Agriculture and Rural Development (NABARD) has projected a priority sector credit potential of how much amount for 2024-25?
    A) Rs 5.46 lakh crore
    B) Rs 4.38 lakh crore
    C) Rs 3.62 lakh crore
    D) Rs 4.8 lakh crore
    E) None of the above
    View Answer
    Option D
    Explanation:

    The National Bank for Agriculture and Rural Development (NABARD) has projected a priority sector credit potential of Rs 3.62 lakh crore for 2024-25. This projection reflects a remarkable 32 per cent rise from its previous year’s assessment.
  15. In March 2024, the Reserve Bank of India (RBI) cancelled the licence of which urban co-operative bank?
    A) A.P. Mahesh Urban Cooperative Bank
    B) Sumerpur Mercantile Urban Cooperative Bank
    C) Andhra Bank
    D) Bihar Rajya Sahakari Bhumi Vikas Urban Cooperative Bank
    E) None of the above
    View Answer
    Option B
    Explanation:

    The Reserve Bank of India (RBI) has cancelled the licence of Sumerpur Mercantile Urban Cooperative Bank, Pali (Rajasthan), as the lender does not have adequate capital and earning prospects. The Registrar of Cooperative Societies, Rajasthan, has also been requested to issue an order for winding up the bank and appoint a liquidator, the RBI said in a statement
  16. Which insurance company has introduced a groundbreaking integrated media initiative called “Game of Life“?
    A) Cholamandalam MS General Insurance
    B) Bajaj Allianz General Insurance
    C) Max Life Insurance
    D) ICICI Lombard
    E) Reliance General Insurance Company
    View Answer
    Option D
    Explanation:

    ICICI Lombard has introduced a groundbreaking integrated media initiative called “Game of Life“. This pioneering concept in the insurance domain combines the excitement of gaming with the practicality of insurance.
  17. REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry of Power and a leading Non-Banking Finance Company, has partnered with the Unit of Science and Educational Development (UNISED) to support the education of around 75,500 children in which district of Uttar Pradesh?
    A) Agra
    B) Barielly
    C) Siddharthnagar
    D) Moradabad
    E) None of tha above
    View Answer
    Option C
    Explanation:

    REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry of Power and a leading Non-Banking Finance Company, has partnered with the Unit of Science and Educational Development (UNISED) to support the education of around 75,500 children of Siddharthnagar district, Uttar Pradesh.
  18. Senior bureaucrat Nidhi Khare was named the new consumer affairs secretary. She succeeded whom?
    A) Rohit Kumar Singh
    B) Ajay Kumar Bhalla
    C) T. V. Somanathan
    D) Giridhar Aramane
    E) None of the above
    View Answer
    Option A
    Explanation:

    Senior bureaucrat Nidhi Khare was named the new consumer affairs secretary to succeed incumbent Rohit Kumar Singh who is due to retire this month-end
  19. Axis Bank received approval from the Reserve Bank of India (RBI) to appoint whom as the executive director of the company for a period of 3 years?
    A) A.S Rajeev
    B) Chandra Shekhar Ghosh
    C) Tapan Ray
    D) Munish Sharda
    E) None of the above
    View Answer
    Option D
    Explanation:

    Axis Bank received approval from the Reserve Bank of India (RBI) to appoint Munish Sharda as the executive director of the company for a period of 3 years.
  20. Who received Kalinga Institute of Social Sciences Humanitarian Award from Achyuta Samanta?
    A) Sundar PichaiB) Shantanu Narayen
    C) Tim Cook
    D) Bill Gates
    E) None of the above
    View Answer
    Option D
    Explanation:

    Bill Gates, the co-founder and former CEO of Microsoft, received the Kalinga Institute of Social Sciences (KISS) Humanitarian Award for the year 2023
  21. Which company bagged ‘Start-up of the Year’ award for revolutionising e-commerce at India Digital Awards?
    A) Zomato
    B) Open Network for Digital Commerce
    C) Swiggy
    D) Flipkart
    E) None of the above
    View Answer
    Option B
    Explanation:

    The Open Network for Digital Commerce (ONDC) has been awarded the “Start-up of the Year” at the 14th India Digital Awards. The award recognised ONDC’s contribution in developing a one-of-its-kind Open Network for digital commerce in India
  22. Ministry of Defence has signed a tripartite Memorandum of Understanding (MoU) with BEML Limited,  and Mishra Dhatu Nigam Limited (MIDHANI) and which other organization  for indigenous development of Advanced Fuelling and Control System for Engines for heavy duty applications?
    A) Bharat Electronics Limited
    B) Bharat Dynamics
    C) Hindustan Aeronautics Limited
    D) Bharat Heavy Electricals Limited
    E) Electronics Corporation of India Limited
    View Answer
    Option A
    Explanation:
    Ministry of Defence has signed a tripartite Memorandum of Understanding (MoU) with BEML Limited, Bharat Electronics Limited (BEL) and Mishra Dhatu Nigam Limited (MIDHANI) for indigenous development of Advanced Fuelling and Control System for Engines for heavy duty applications.
  23. The NSSO (FOD) under Ministry of Statistics and Programme Implementation (MoSPI) has entered into a memorandum of understanding (MoU) with the National Remote Sensing Centre (NRSC) under the Indian Space Research Organization (ISRO) to facilitate Urban Frame Survey (UFS) in a digital mode using the state-of-the-art Geo ICT tools and techniques using Bhuvan platform. Where is NRSC located?
    A) Hisar, Haryana
    B) Pune, Maharashtra
    C) Bengaluru, Karnataka
    D) Kochi, Kerala
    E) Hyderabad, Telangana
    View Answer
    Option E
    Explanation:
    National Remote Sensing Centre, or NRSC, located in Hyderabad, Telangana is one of the centres of the Indian Space Research Organisation. NRSC manages data from aerial and satellite sources.

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