Friday, May 24, 2024
Banking QuizCA Quizzes (English)

Current Affairs Quiz: March 7, 2024

  1. Who inaugurated the new Administrative & Training building at the Naval War College (NWC), Goa?
    A) Piyush Goyal
    B) Rajnath Singh
    C) Subrahmanyam Jaishankar
    D) Sarbananda Sonowal
    E) None of the above
    View Answer
    Option A
    Explanation:

    Raksha Mantri Rajnath Singh inaugurated the new Administrative & Training building at the Naval War College (NWC), Goa. The modern edifice, named the ‘Chola’, pays homage to the mighty maritime empire of the Chola dynasty of ancient India.
  2. Who launched ‘e-Kisan Upaj Nidhi’ to ease farmers’ warehousing logistics?
    A) Narayan Tatu Rane
    B) Piyush Goyal
    C) Dharmendra Pradhan
    D) Giriraj Singh
    E)None of the above
    View Answer
    Option B
    Explanation:

    Piyush Goyal launches ‘e-Kisan Upaj Nidhi’ to ease farmers’ warehousing logistics
  3. Which organization has directed card issuers not to enter into any arrangement or agreement with card networks that restrain them from availing the services of other card networks?A) Reserve Bank of India
    B) NPCI
    C) State Bank of India Cards
    D) Ministry of finance
    E) American Express
    View Answer
    Option A
    Explanation:

    The Reserve Bank of India (RBI) has issued directions to card issuers not to enter into any arrangement or agreement with card networks that restrain them from availing the services of other card networks.

  4. In March 2024, the Reserve Bank of India (RBI) and which other country’s bank has signed a Memorandum of Understanding (MoU) in Mumbai for establishing a framework to promote the use of local currencies?
    A) Bank Indonesia
    B) Barclays bank
    C) Bank of Bahrain and Kuwait
    D) Royal Bank of Scotland
    E) None of the above
    View Answer
    Option A
    Explanation:

    The Reserve Bank of India (RBI) and the Bank Indonesia (BI) signed a Memorandum of Understanding (MoU) in Mumbai for establishing a framework to promote the use of local currencies, the Indian Rupee (INR) and the Indonesian Rupiah (IDR) for cross-border transactions.
  5. Which bank has launched a new loan scheme called ‘Vikas Spoorty’ to strengthen the rural credit delivery system and also to motivate the common man to take up income-generating activities on a smaller scale?
    A) Aryavart Bank
    B) Karnataka Vikas Grameena Bank
    C) Prathama UP Gramin Bank
    D) Baroda UP Bank
    E) None of the above
    View Answer
    Option B
    Explanation:

    Karnataka Vikas Grameena Bank (KVGB) has launched a new loan scheme called ‘Vikas Spoorty’ to strengthen the rural credit delivery system and also to motivate the common man to take up income-generating activities on a smaller scale.
  6. Which bank announced a partnership with online travel tech platform EaseMyTrip to launch a co-branded credit card?
    A) Punjab National Bank
    B) Axis Bank
    C) ICICI Bank
    D) Kotak Mahindra Bank
    E) None of the above
    View Answer
    Option A
    Explanation:

    State-owned Punjab National Bank (PNB) announced a partnership with online travel tech platform EaseMyTrip to launch a co-branded credit card.
  7. Bandhan Financial Holdings, the promoter of Bandhan Bank, has successfully acquired which digital life insurance company?
    A) Aegon Life
    B) NEXT Insurance
    C) Liberty logo
    D) Oscar Health
    E) None of the above
    View Answer
    Option A
    Explanation:

    Bandhan Financial Holdings, the promoter of Bandhan Bank, has successfully acquired Aegon Life, a digital life insurance company
  8. Reserve Bank of India(RBI) imposed a fine of what amount on State Bank of India (SBI) for deficiencies in regulatory compliance found in the lender’s Depositor Education Awareness Fund Scheme, 2014?
    A) Rs 2 crore
    B) Rs 4 crore
    C) Rs 3 crore
    D) Rs 5 crore
    E) None of the above
    View Answer
    Option A
    Explanation:

    Reserve Bank of India(RBI) imposed a fine of Rs 2 crore on State Bank of India (SBI) for deficiencies in regulatory compliance found in the lender’s Depositor Education Awareness Fund Scheme, 2014.
  9. The National Rural Livelihood Mission (NRLM) with which bank has entered into a strategic alliance by inking a memorandum of understanding (MoU) to support rural women Self-Help Groups (SHGs)?
    A) National Bank for Agriculture and Rural Development
    B) Small Industries Development Bank of India
    C) Punjab National Bank
    D) State Bake of India
    E) None of the above
    View Answer
    Option A
    Explanation:

    The National Bank for Agriculture and Rural Development (NABARD) and the National Rural Livelihood Mission (NRLM) have entered into a strategic alliance by inking a memorandum of understanding (MoU) to support rural women Self-Help Groups (SHGs).
  10. India’s FY24 GDP growth could be within striking distance of what per cent as the per capita GDP at current prices crossed ₹2 lakh mark in FY24 for the first time as per SBI’s economic research department?
    A) 6 percent
    B) 9 percent
    C) 8 percent
    D) 5 percent
    E) None of the above
    View Answer
    Option C
    Explanation:

    India’s FY24 GDP growth could be within striking distance of 8 per cent even as the per capita GDP at current prices crossed ₹2 lakh mark in FY24 for the first time, says SBI’s economic research department.
  11. As announced by the Reserve Bank of India (RBI) announced, the National Electronic Funds Transfer (NEFT) system achieved a historic milestone of processing the highest-ever number of daily transactions of how much worth on February 29, 2024?
    A) 3.10 crore
    B) 4.10 crore
    C) 2.50 crore
    D) 1.50 crore
    E) None of the above
    View Answer
    Option B
    Explanation:

    The Reserve Bank of India (RBI) announced, that the National Electronic Funds Transfer (NEFT) system had achieved a historic milestone of processing the highest-ever number of daily transactions of over 4.10 crore transactions on February 29, 2024.
  12. UPI Transactions worth ₹18.28-lakh crore were processed during February, nearly 1 per cent lower than the peak of ₹18.41 lakh crore in January 2024. The value of transactions was 48 per cent higher year-on-year, as per data released by which organization?
    A) Reserve Bank of India
    B) American Express
    C) National Payments Corporation of India
    D) Ministry of Finance
    E) None of the above
    View Answer
    Option C
    Explanation:

    UPI Transactions worth ₹18.28-lakh crore were processed during February, nearly 1 per cent lower than the peak of ₹18.41 lakh crore in January 2024. The value of transactions was 48 per cent higher year-on-year, as per data by the National Payments Corporation of India (NPCI)
  13. Which Indian shuttler has announced his retirement from International Badminton in march 2024?
    A) Nandu Natekar
    B) B Sai Praneeth
    C)Pullela Gopichand
    D) Prakash Padukone
    E) None of the above
    View Answer
    Option B
    Explanation:

    Indian shuttler B Sai Praneeth has announced his retirement from international badminton. The 31-year-old battled nagging injuries since the Olympic Games in Tokyo and decided to hang his boots due to that.
  14. Who is the head of Switzerland’s central bank who is set to step down in September 2024?
    A) Barber Conable
    B) Thomas Jordan
    C) George Woods
    D) Robert McNamara
    E) None of the above
    View Answer
    Option B
    Explanation:

    The head of Switzerland’s central bank, Thomas Jordan, will step down in September after 12 years in charge, the bank said in a surprise statement.
  15. Slice, the popular mango-flavored drink, has recently announced the appointment of which actress as its latest brand ambassador?
    A) Palak Tiwari
    B) Nayanthara
    C) Manushi Chhillar
    D) Bhumi Pednekar
    E) None of the above
    View Answer
    Option B
    Explanation:

    Slice, the popular mango-flavored drink, has recently announced the appointment of acclaimed actress Nayanthara as its latest brand ambassador
  16. Hungary’s parliament is expected to elect whom as new president following the resignation of Katalin Novak?
    A) Tamas Sulyok
    B) Gyula Kautz
    C) István Kendi
    D) Sándor Kendi
    E) None of the above
    View Answer
    Option A
    Explanation:

    Hungary’s parliament is expected to elect Constitutional Court head Tamas Sulyok as new president following the resignation of Katalin Novak, who caused outrage by pardoning a man convicted in a child abuse case
  17. Future Generali India Life Insurance appointed whom as its managing director and chief executive officer?
    A) Tapan Singhel
    B) Girija Subramanian
    C) Alok Rungta
    D) Sanjeev Srinivasan
    E) None of the above
    View Answer
    Option C
    Explanation:

    Future Generali India Life Insurance said Alok Rungta will be its managing director and chief executive officer (MD & CEO) from April 1, 2024 subject to regulatory approvals
  18. President of India Smt. Droupadi Murmu conferred Sangeet Natak Akademi Awards (AkademiPuraskar) for the years 2022 and 2023 to 94 eminent artists (two joint award) in the field of performing arts in the special investiture ceremony held at Vigyan Bhawan, New Delhi. Who won the award in the category Indian theatre?
    A) Dulal Roy,
    B) .D.P. Sinha
    C) SunayanaHazarilal
    D) Both (a) And (b)
    E) None of the above
    View Answer
    Option D
    Explanation:

    President of India Smt. Droupadi Murmu conferred Sangeet Natak Akademi Awards (AkademiPuraskar) for the years 2022 and 2023 to 91 eminent artists (two joint award) in the field of performing arts in the special investiture ceremony held at Vigyan Bhawan, New Delhi.
    1.Vinayak Khedekar, Goa , Indian Music
    2.R. Visweswaran, Karnataka, Indian Music
    3.SunayanaHazarilal, Maharashtra, Indiana Dance
    4.Raja & Radha Reddy, Delhi, Indian Dance (Joint Fellowship)
    5.Dulal Roy, Assam, Indian Theatre
    6.D.P. Sinha, Uttar Pradesh, Indian Theatre
  19. Yatin Bhaskar Duggal won the first prize in National Youth Parliament Festival 2024. He belongs to which state?
    A) Haryana
    B) Uttar Pradesh
    C) Punjab
    D) Rajasthan
    E) None of the above
    View Answer
    Option A
    Explanation:

    Yatin Bhaskar Duggal from Haryana won the first prize in the National Youth Parliament Festival 2024, while Vaishna Pitchai from Tamil Nadu won the second prize, and Kanishka Sharma from Rajasthan won the third prize
  20. Indian Navy commissiond Naval Detachment Minicoy as INS Jatayu in presence of Chief of Naval Staff.  Who is the chief of Naval Staff?
    A) R Hari Kumar
    B) Bipin Rawat
    C) Manoj Mukund
    D) Manoj Pande
    E) None of the above
    View Answer
    Option A
    Explanation:

    Indian Navy commissions Naval Detachment Minicoy as INS Jatayu in presence of Adm R Hari Kumar, Chief of Naval Staff
  21. India’s FY24 growth is pegged at what percent  from earlier projection of 7.3 per cent as per data released by the National Statistical Office (NSO)?
    A) 7.5%

    B) 8.4%
    C) 7.6%
    D) 7.8%
    E) 8.1%
    View Answer
    Option C
    Explanation:
    Strong growth in manufacturing and good performance of mining and construction pushed the economic growth in October-December quarter (Q3) of Fiscal Year 2023-24 to 8.4 per cent, defying all the expectations. Also, growth rate for full fiscal of 2023-24 upped to 7.6 per cent from earlier projection 7.3 per cent.

Leave a Reply

Your email address will not be published. Required fields are marked *

0