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Banking QuizCA Quizzes (English)

Current Affairs Quiz: May 14, 2024

  1. How much budgetary support did India decide to rollover for another year in response to the Maldives government’s special request?
    A) $25 million
    B) $50 million
    C) $75 million
    D) $100 million
    E) None of the above
    View Answer
    Option B
    Explanation:

    India decided to continue its budgetary support to the Maldives government with the rollover of a $50 million treasury bill for another year. This follows the Maldivian government’s special request made during Foreign Minister Moosa Zameer’s visit last week.
  2. India and Iran recently signed a 10-year contract for the development of which port terminal?
    A) Chennai Port
    B) Mumbai Port
    C) Vishakhapatnam Port
    D) Chabahar Port
    E) None of the above
    View Answer
    Option D
    Explanation:

    India and Iran signed a 10-year contract to further equip and operate a Chabahar port terminal. The contract will see India Ports Global Limited (IPGL) investing $120 million in equipping the strategic port that provides India access to Afghanistan and Central Asia, bypassing Pakistan which denies India land access to the region.
  3. Where will the joint initiative between India and Oman, aimed at boosting research and conservation of sharks and rays in the Arabian Sea, be launched?
    A) Indian Institute of Science (IISc), Bangalore
    B) Indian Council of Agricultural Research (ICAR), New Delhi
    C) Central Marine Fisheries Research Institute (CMFRI), Kochi
    D) None of these
    E) Arabian Sea Research Institute (ASRI), Mumbai
    View Answer
    Option C
    Explanation:

    A joint initiative between India and Oman to boost research and conservation of sharks and rays in the Arabian Sea will be launched at an upcoming workshop at ICAR-Central Marine Fisheries Research Institute (CMFRI).
  4. Which institute, in collaboration with the Climate Resilience Observatory of the Government of Uttar Pradesh, has launched India’s inaugural course in climate analytics?
    A) Indian Institute of Science (IISc), Bangalore
    B) Indian Institute of Technology (IIT), Bombay
    C) Indian Institute of Information Technology (IIIT), Lucknow
    D) Indian Institute of Management (IIM), Ahmedabad
    E) None of the above
    View Answer
    Option C
    Explanation:

    In a landmark initiative to fortify disaster resilience, the Indian Institute of Information Technology, Lucknow (IIIT Lucknow), in collaboration with the Climate Resilience Observatory of the Government of Uttar Pradesh, has launched India’s inaugural course in climate analytics.
  5. Where did the 7th edition of the India-France Joint Military Exercise SHAKTI commence?
    A) New Delhi, India
    B) Paris, France
    C) Mumbai, Maharashtra
    D) Jaipur, Rajasthan
    E) Umroi, Meghalaya
    View Answer
    Option E
    Explanation:

    The 7th edition of India- France Joint Military Exercise SHAKTI commenced at Umroi, in a fully developed and modern Foreign Training Node in Meghalaya. The Exercise is scheduled to be conducted from 13th to 26th May 2024.
  6. Where was the Arbitration Bar of India inaugurated by External Affairs Minister Dr S Jaishankar?
    A) Rashtrapati Bhavan, New Delhi
    B) India Gate, New Delhi
    C) Bharat Mandapam, New Delhi
    D) Sansad Bhavan, New Delhi
    E) None of the above
    View Answer
    Option C
    Explanation:

    External Affairs Minister Dr S Jaishankar inaugurated the Arbitration Bar of India at Bharat Mandapam in New Delhi. He said arbitration is recognised as cornerstone of modern dispute resolution. He said it is key for India in its rapid economic progress.
  7. Who inaugurated the Registered Office of Khanij Bidesh India Limited (KABIL) in New Delhi?
    A) Prime Minister
    B) Ministry of Mines Secretary
    C) Minister of Mines and Minerals Development
    D) None of these
    E) CEO of KABIL
    View Answer
    Option B
    Explanation:

    Ministry of Mines Secretary VL Kantha Rao inaugurated the Registered Office of Khanij Bidesh India Limited (KABIL) in New Delhi.
  8. According to India’s G20 Sherpa Amitabh Kant, by which year is India projected to overtake Japan as the 4th largest economy in the world?
    A) 2022
    B) 2023
    C) 2025
    D) 2024
    E) 2027
    View Answer
    Option C
    Explanation:

    Citing various macroeconomic parameters that are doing pretty well, India’s G20 Sherpa and former CEO of Niti Aayog Amitabh Kant projected that the country is all set to overtake Japan as 4th largest economy in the world by 2025.
  9. The European Union recently adopted the first law to address violence against women. Which of the following is NOT included in the actions covered by this law?
    A) Forced marriages
    B) Female genital mutilation
    C) Online harassment
    D) None of these
    E) Workplace harassment
    View Answer
    Option E
    Explanation:

    The European Union, adopted the first law to tackle violence against women, which includes action against forced marriages, female genital mutilation and online harassment but failed to settle on a common definition of rape.
  10. Where did the Indian Naval Ship, INS Kiltan, recently arrive, receiving a warm welcome from the Vietnam People’s Navy and the Indian Embassy?
    A) Jakarta, Indonesia
    B) Manila, Philippines
    C) Cam Ranh Bay, Vietnam
    D) Singapore
    E) None of the above
    View Answer
    Option C
    Explanation:

    The Indian Naval Ship, INS Kiltan, arrived at Cam Ranh Bay, Vietnam,, where it received a warm welcome from the Vietnam People’s Navy and the Indian Embassy there.
  11. Which three countries in the Americas have recently received certification from the World Health Organization (WHO) for eliminating the mother-to-child transmission of HIV and syphilis (EMTCT)?
    A) Haiti, Guatemala, and Panama
    B) Belize, Jamaica, and St. Vincent and the Grenadines
    C) Mexico, Brazil, and Argentina
    D) Colombia, Ecuador, and Peru
    E) None of the above
    View Answer
    Option B
    Explanation:

    Belize, Jamaica, and St. Vincent and the Grenadines are the latest countries in the Americas to receive certification from the World Health Organization (WHO) for eliminating the mother-to-child transmission of HIV and syphilis (EMTCT).
  12. In line with the Income Tax laws, the Reserve Bank of India (RBI) has advised NBFC firms to limit cash disbursements exceeding Rs 20,000 for loans against gold. Which specific section of the Income Tax Act does this advisory align with?
    A) Section 269TT
    B) Section 269UU
    C) Section 269SS
    D) Section 269RR
    E) None of the above
    View Answer
    Option C
    Explanation:

    The Reserve Bank has asked NBFC firms not to disburse cash component in excess of Rs 20,000 on loans against gold in line with the Income Tax laws.In an advisory issued to gold loan financiers and microfinance entities earlier this week, the Reserve Bank of India has advised them to follow Section 269SS of the Income Tax Act.
  13. Bank of India has signed a Memorandum of Understanding (MOU) with which organization to offer a Defence service Salary Package called “BOI Rakshak Salary/Pension Savings Scheme”?
    A) Indian Navy
    B) Indian Air Force
    C) Indian Coast Guard
    D) Indian Army
    E) None of the above
    View Answer
    Option C
    Explanation:

    Bank of India has signed a MOU with the Indian Coast Guard, offering a Defence service Salary Package with best in class features under its “BOI Rakshak Salary/ Pension Savings Scheme”.
  14. Which public sector lender recently became the first trading-cum-clearing member at the India International Bullion Exchange (IIBX) in GIFT City Gandhinagar?
    A) Punjab National Bank (PNB)
    B) Bank of Baroda (BoB)
    C) State Bank of India (SBI)
    D) Union Bank of India
    E) None of the above
    View Answer
    Option C
    Explanation:

    Public sector lender, State Bank of India (SBI), announced it has become the first trading-cum-clearing member at the India International Bullion Exchange (IIBX) – the country’s first bullion exchange in GIFT City Gandhinagar.
  15. Which bank in India has launched a program targeting women, particularly new mothers, who are transitioning back into the workforce?
    A) HDFC Bank
    B) ICICI Bank
    C) Axis Bank
    D) None of these
    E) DBS Bank India
    View Answer
    Option E
    Explanation:

    DBS Bank India has rolled out a programme aimed at women who are transitioning back into the workspace, including new mothers.
  16. India’s imports of goods from countries with which it has a free trade agreement (FTA), such as the UAE, South Korea, and Australia, increased by approximately what percentage during the fiscal years 2019-2024?
    A) 25%
    B) 38%
    C) 50%
    D) 62%
    E) None of the above
    View Answer
    Option B
    Explanation:

    India’s imports of goods from countries with which it has a free trade agreement like the UAE, South Korea and Australia grew about 38 per cent during 2019-24 fiscal years to $187.92 billion, according to think tank GTRI.
  17. In the fiscal year 2023-24, which country emerged as India’s largest trading partner, narrowly surpassing the United States?
    A) China
    B) UAE
    C) Japan
    D) Russia
    E) None of the above
    View Answer
    Option A
    Explanation:

    China has emerged as India’s largest trading partner in the FY 2023-24 with $118.4 billion two-way commerce, narrowly edging past the US, according to the data of economic think tank GTRI.
  18. Who recently became the first Indian to win a medal at the Asian Trampoline Gymnastics Championships?
    A) Srishti Khandagale
    B) Dipa Karmakar
    C) Pranati Nayak
    D) Aruna Reddy
    E) None of the above
    View Answer
    Option A
    Explanation:

    In Trampoline, India’s Srishti Khandagale scripted history by becoming the first ever Indian to win a medal at the Asian Trampoline Gymnastics Championships.
  19. Who has been appointed as the chairperson of the National Accreditation Board for Hospitals and Healthcare Providers (NABH)?
    A) Rizwan Koita
    B) Azim Premji
    C) Kiran Mazumdar-Shaw
    D) Mukesh Ambani
    E) None of the above
    View Answer
    Option A
    Explanation:

    Mr. Rizwan Koita, Director of Koita Foundation and co-founder of CitiusTech, has been appointed as the chairperson of the National Accreditation Board for Hospitals and Healthcare Providers (NABH).
  20. Who recently resigned from ICICI Bank after serving for 21 years and had been heading divisions such as cards, payment solutions, e-commerce ecosystem, and consumer finance?
    A) Chanda Kochhar
    B) Bijith Bhaskar
    C) Sandeep Bakhshi
    D) Rajiv Sabharwal
    E) None of the above
    View Answer
    Option B
    Explanation:

    ICICI Bank said that Bijith Bhaskar has resigned from his position. Bhaskar had been heading divisions like cards, payment solutions, e-commerce ecosystem, and consumer finance at ICICI Bank. This had marked the end of his 21 years tenure with the bank.
  21. Which literary works have been included in UNESCO’s Memory of the World Asia-Pacific Regional Register, confirming India’s rich literary heritage and cultural legacy?
    A) Ramayana, Mahabharata, and Bhagavad Gita
    B) Ramcharitmanas, Panchatantra, and Sahṛdayāloka-Locana
    C) Rigveda, Atharvaveda, and Upanishads
    D) Arthashastra, Manusmriti, and Meghaduta
    E) None of the above
    View Answer
    Option B
    Explanation:

    The Ramcharitmanas, Panchatantra and Sahṛdayāloka-Locana have been included in ‘UNESCO’s Memory of the World Asia-Pacific Regional Register’. This inclusion is a proud moment for India, a confirmation of the country’s rich literary heritage and cultural legacy.
  22. Which country emerged victorious in the Eurovision Song Contest 2024, beating Croatia as the runner-up, after being among the top three favorites according to bookmakers?
    A) Sweden
    B) Germany
    C) Norway
    D) Switzerland
    E) Spain
    View Answer
    Option D
    Explanation:

    Switzerland won the Eurovision Song Contest 2024 in Swedish host city Malmo, beating runner-up Croatia, after having been among bookmakers’ top-three to win the competition.
  23. Where did the Indian Space Research Organisation (ISRO) successfully test the new liquid rocket engine manufactured through Additive Manufacturing technology?
    A) Vikram Sarabhai Space Centre, Kerala
    B) Satish Dhawan Space Centre, Sriharikota, Andhra Pradesh
    C) ISRO Propulsion Complex, Mahendragiri, Tamil Nadu
    D) U R Rao Satellite Centre, Bengaluru, Karnataka
    E) None of the above
    View Answer
    Option C
    Explanation:

    The Indian Space Research Organisation, ISRO successfully tested the new liquid rocket engine manufactured through Additive Manufacturing technology. The test was successfully carried out at ISRO Propulsion Complex in Mahendragiri in Tamilnadu.
  24. Which company has successfully developed India’s first Loitering Aerial Munitions (LAM) in collaboration with the Defence Research Development Organisation (DRDO) under a Development cum Production Partner (DCPP) model?
    A) Bharat Electronics Limited (BEL)
    B) Hindustan Aeronautics Limited (HAL)
    C) Kadet Defence Systems (KDS)
    D) Tata Advanced Systems Limited (TASL)
    E) None of the above
    View Answer
    Option C
    Explanation:

    In a significant stride towards strengthening India’s defence capabilities, Kadet Defence Systems (KDS) has emerged as the vanguard in indigenous innovation with the successful development of India’s first Loitering Aerial Munitions (LAM).Under a unique Development cum Production Partner (DCPP) model with the Defence Research Development Organisation (DRDO), KDS has unveiled a game-changing array of cutting-edge technologies aimed at enhancing the operational efficacy of the Indian armed forces.
  25. Which space telescope was used by astronomers to detect an atmosphere around the rocky exoplanet 55 Cancri e, marking the first time an atmosphere has been identified surrounding a terrestrial planet outside our Solar System?
    A) Hubble Space Telescope
    B) Chandra X-ray Observatory
    C) James Webb Space Telescope
    D) Spitzer Space Telescope
    E) None of the above
    View Answer
    Option C
    Explanation:

    Astronomers using the Nasa’s James Webb Space Telescope (JWST) have achieved a significant milestone by detecting an atmosphere around the rocky exoplanet 55 Cancrie, which orbits a Sun-like star some 12.6 parsecs away from Earth.This discovery marks the first time an atmosphere has been identified surrounding a terrestrial planet outside our Solar System.
  26. Who was the first individual to undergo a genetically modified pig kidney transplant, and recently passed away at the age of 62?
    A) Richard Slayman
    B) John Doe
    C) Jane Smith
    D) None of these
    E) Michael Johnson
    View Answer
    Option A
    Explanation:

    Richard Slayman, the first individual to undergo a genetically modified pig kidney transplant, has passed away at the age of 62. Richard had undergone the transplantation in March this year.
  27. Who recently passed away at the age of 87, and served as the former Chief Secretary of Jammu and Kashmir, as well as the chairman of the Southern Indian Education Trust (SIET) in Chennai?
    A) Priya Kumar
    B) John Smith
    C) David Brown
    D) Moosa Raza
    E) None of the above
    View Answer
    Option D
    Explanation:

    Moosa Raza, 87, former Chief Secretary of Jammu and Kashmir and chairman of Southern Indian Education Trust (SIET), which runs several educational institutions in Chennai, died at a private hospital in Chennai.
  28. Who recently passed away at the age of 72 due to cancer, and served as the Deputy Chief Minister of Bihar for approximately 11 years under Janata Dal (United) chief and Chief Minister Nitish Kumar?
    A) Sushil Kumar Modi
    B) Lalu Prasad Yadav
    C) Rabri Devi
    D) Nitish Kumar
    E) None of the above
    View Answer
    Option A
    Explanation:

    Former Bihar Deputy Chief Minister, Sushil Kumar Modi, passed away at the age of 72 due to cancer. Modi served as deputy to Janata Dal (United) chief and Chief Minister Nitish Kumar for approximately 11 years. He emerged victorious in the Bihar assembly elections three times between 1990 and 2004.

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