Thursday, May 23, 2024
Banking QuizCA Quizzes (English)

Current Affairs Quiz: May 15, 2024

  1. Which organization partnered with India’s Ministry of Agriculture and Farmers Welfare to unveil the digital exhibition “Millets: Seeds of Change”?
    A) UNESCO
    B) World Health Organization
    C) Google Arts & Culture
    D) International Monetary Fund
    E) None of the above
    View Answer
    Option C
    Explanation:

    Google Arts & Culture and India’s Ministry of Agriculture and Farmers Welfare have joined forces to unveil a digital exhibition titled “Millets: Seeds of Change.
  2. Which steelmaker’s flagship unit, Bhilai Steel Plant (BSP), has taken the initiative to establish Chhattisgarh’s first 15-MW floating solar plant in collaboration with the Chhattisgarh State Renewable Energy Development Agency (CREDA)?
    A) Tata Steel
    B) Rashtriya Ispat Nigam Limited (RINL)
    C) Steel Authority of India Limited (SAIL)
    D) Jindal Steel and Power Limited (JSPL)
    E) Aditya Birla Group
    View Answer
    Option C
    Explanation:

    Bhilai Steel Plant (BSP) has decided to install solar power generation systems on the rooftops of various buildings in its plant premises and township in Bhilai.
    The flagship unit of the country’s largest steel maker Steel Authority of India Limited (SAIL), BSP, has recently signed a memorandum of understanding(MoU) with the Chhattisgarh State Renewable Energy Development Agency (CREDA) for the solar power generation project within the unit’s premises.
  3. To establish Dubai as a global gaming hub, Crown Prince Hamdan bin Mohammed bin Rashid Al Maktoum has introduced a Gaming Visa aiming to attract how many game developers by 2033?
    A) 20,000
    B) 30,000
    C) 40,000
    D) 50,000
    E) 60,000
    View Answer
    Option B
    Explanation:

    To make Dubai a global gaming hub, Crown Prince Hamdan bin Mohammed bin Rashid Al Maktoum has announced a Gaming Visa to attract 30,000 game developers by 2033.
  4. Which subsidiary of a food tech major has decided to voluntarily surrender its certificate of authorization from the Reserve Bank of India to operate as an online payment aggregator?
    A) Uber Eats India Pvt Ltd
    B) Swiggy Payments Pvt Ltd
    C) Zomato Payment Pvt Ltd (ZPPL)
    D) Foodpanda Payment Solutions Pvt Ltd
    E) None of the above
    View Answer
    Option C
    Explanation:

    Food tech major Zomato said its subsidiary Zomato Payment Pvt Ltd (ZPPL) has decided to voluntarily surrender the certificate of authorisation it obtained from the Reserve Bank to operate as an online payment aggregator.
  5. According to a regulatory filing, which mutual fund has been permitted by the Reserve Bank to increase its stake in RBL Bank to 9.98 percent?
    A) Vanguard Mutual Fund
    B) Fidelity Mutual Fund
    C) HDFC Mutual Fund
    D) Quant Mutual Fund
    E) None of the above
    View Answer
    Option D
    Explanation:

    The Reserve Bank has allowed Quant Mutual Fund to hike its stake in RBL Bank to 9.98 per cent, according to a regulatory filing.
  6. With which insurance provider has Aurm, an asset protection firm, announced a strategic partnership to insure its vaults for up to Rs 2.5 million?
    A) Reliance General Insurance
    B) Bajaj Allianz General Insurance
    C) Tata AIG General Insurance
    D) ICICI Lombard General Insurance
    E) None of the above
    View Answer
    Option C
    Explanation:

    Aurm, an asset protection firm has announced a strategic partnership with Tata AIG General Insurance, to provide comprehensive insurance coverage to its customers for their valuables.Under this partnership, Aurm’s vaults will be fully insured for up to Rs 2.5 million, courtesy of TATA AIG, India’s leading general insurance provider.
  7. What was the annual retail inflation rate in India for April?
    A) 4.85%
    B) 4.83%
    C) 4.80%
    D) 4.87%
    E) 4.81%
    View Answer
    Option B
    Explanation:

    India’s retail inflation rate eased slightly in April, partly due to lower fuel prices, although food prices remained elevated, government data showed. Annual retail inflation in April was 4.83%, down from 4.85% in March. Economists polled by Reuters had forecast April retail inflation at 4.80%.
  8. What is the primary objective of Hero MotoCorp’s partnership with the Open Network for Digital Commerce (ONDC)?
    A) Expanding its market share in the electric vehicle segment
    B) Improving its supply chain management
    C) Enhancing customer reach and convenience through digital platforms
    D) Streamlining its manufacturing processes
    E) None of the above
    View Answer
    Option C
    Explanation:

    Two-wheeler major Hero MotoCorp said it has joined the Open Network for Digital Commerce (ONDC) to enhance reach and convenience and provide an easily accessible digital mode to customers.
  9. Which New York-based private equity firm is slated to acquire Shriram Housing Finance Ltd (SHFL) in a deal worth ₹4,630 crore for equity and convertible instruments?
    A) Blackstone Group
    B) Warburg Pincus
    C) KKR & Co.
    D) Carlyle Group
    E) None of the above
    View Answer
    Option B
    Explanation:

    New York-based private equity firm Warburg Pincus will acquire Shriram Housing Finance Ltd (SHFL) in a deal valued at ₹4,630 crore for equity and convertible instruments.
  10. Moody’s Ratings projected a growth rate of _____% for the Indian economy in the fiscal year ending March 2025 (FY25).
    A) 5.6%
    B) 6.6%
    C) 7.6%
    D) 8.6%
    E) None of the above
    View Answer
    Option B
    Explanation:

    Moody’s Ratings projected a 6.6% growth rate for the Indian economy in the fiscal year ending March 2025 (FY25). The forecast attributes the growth to strong credit demand and robust economic performance, which will support the profitability of non-bank finance companies (NBFCs).
  11. As per data from the National Statistical Office (NSO), what was the inflation rate within the food basket in India for April?
    A) 4.83%
    B) 8.7%
    C) 0.48%
    D) 8.52%
    E) 8.62%
    View Answer
    Option B
    Explanation:

    According to data from the National Statistical Office (NSO), the inflation rate within the food basket increased to 8.7 percent in April, rising from 8.52 percent recorded in March. In April, the inflation rate registered a sequential increase to 0.48 percent.
  12. What was the Wholesale Price Index (WPI) based inflation rate for India in April this year?
    A) 1.26%
    B) 0.53%
    C) 0.73%
    D) 2.04%
    E) None of the above
    View Answer
    Option A
    Explanation:

    India’s wholesale price index (WPI) based inflation rose to 1.26 percent for the month of April this year against 0.53 percent recorded in March 2024, as per government data released.
    As per the release, the positive rate of inflation in April is primarily due to increase in prices of food articles, electricity, manufacture of food products, crude petroleum & natural gas and other manufacturing etc.
  13. Who emerged as the victor in the French Grand Prix of the MotoGP championship, showcasing a thrilling final-lap overtake to secure the win at Le Mans?
    A) Valentino Rossi
    B) Marc Marquez
    C) None of these
    D) Jorge Martin
    E) Francesco Bagnaia
    View Answer
    Option D
    Explanation:

    MotoGP championship leader Jorge Martin of Pramac Racing won the French Grand Prix while Gresini Ducati’s Marc Marquez finished second with a final-lap overtake of reigning champion Francesco Bagnaia in a thrilling battle at Le Mans.
  14. Who has been appointed as Meghalaya’s first woman Director General of Police (DGP)?
    A) LR Bishnoi
    B) Idashisha Nongrang
    C) Anand Mishra
    D) Rajesh Singh
    E) None of the above
    View Answer
    Option B
    Explanation:

    Senior IPS officer Idashisha Nongrang has been appointed as Meghalaya’s first woman DGP, officials said. Nongrang will replace LR Bishnoi who will retire on May 19.
  15. Who announced their decision to step down from the role of co-chair of the Bill and Melinda Gates Foundation?
    A) Bill Gates
    B) Steve Ballmer
    C) Melinda French Gates
    D) Warren Buffett
    E) None of the above
    View Answer
    Option C
    Explanation:

    Melinda French Gates, the billionaire ex-wife of Microsoft co-founder Bill Gates, announced that she is stepping down from her role as co-chair of the Bill and Melinda Gates Foundation.
  16. Who tendered his resignation as Nepal’s Deputy Prime Minister, leading to his party’s withdrawal from the coalition government led by Prime Minister Pushpa Kamal Dahal Prachanda?
    A) Upendra Yadav
    B) Madhesi leader
    C) Sushil Koirala
    D) Sher Bahadur Deuba
    E) Khadga Prasad Sharma
    View Answer
    Option A
    Explanation:

    Nepal’s Deputy Prime Minister and senior Madhesi leader Upendra Yadav tendered his resignation and his party pulled out of the government, a setback to Prime Minister Pushpa Kamal Dahal Prachanda-led coalition government.
  17. Who was honored with the ‘PSU Samarpan Award’ by Gov Connect, an initiative by ilouge Media?
    A) CEO of Bharat Heavy Electricals Limited (BHEL)
    B) Managing Director of Hindustan Shipyard Limited (HSL)
    C) Chairman of Indian Oil Corporation (IOC)
    D) Director of National Thermal Power Corporation (NTPC)
    E) None of the above
    View Answer
    Option B
    Explanation:

    The Chairman and Managing Director of Hindustan Shipyard Limited (HSL) has been honored with the esteemed ‘PSU Samarpan Award’ by Gov Connect, an initiative by ilouge Media.
  18. At the 16th Newsmakers Achievers Award ceremony organized by Vaidehi Taman, who was recognized for her exceptional dedication to social welfare initiatives?
    A) Vaidehi Taman
    B) Amit Patel
    C) Radha Singh
    D) Nitu Joshi
    E) None of the above
    View Answer
    Option D
    Explanation:

    Organized by Vaidehi Taman, the 16th Newsmakers Achievers Award ceremony celebrated the exceptional contributions of individuals across various domains. Among the esteemed awardees was social worker Nitu Joshi, recognized for her outstanding dedication to social welfare initiatives
  19. According to the Ministry of Information and Broadcasting, what is the aim of “Project BHISHM” – Bharat Health Initiative for Sahyog, Hita, and Maitri – under which the Indian Air Force conducted tests of BHISHM portable cubes in Agra?
    A) To establish a network of portable hospitals for rapid deployment in emergency situations, providing comprehensive care for up to 200 casualties.
    B) To enhance the medical infrastructure of remote areas through the deployment of advanced healthcare facilities.
    C) To develop new technologies for airdropping medical supplies and equipment during disaster relief operations.
    D) To strengthen collaboration with neighboring countries for mutual healthcare assistance and support.
    E) None of the above
    View Answer
    Option A
    Explanation:

    The Indian Air Force tested BHISHM portable cubes at Agra for airdrops from the aircraft. This is the first time the Indian Air Force tested this portable hospital. This test was performed so that the portable hospital can be deployed to cater to emergencies anywhere.
    As per the Ministry of Information and Broadcasting, BHISHM portable cubes are a part of the broader initiative named “Project BHISHM” – Bharat Health Initiative for Sahyog, Hita and Maitri, which is tailored to treat up to 200 casualties, emphasising rapid response and comprehensive care.
  20. Who unveiled the Zero Emission initiative of SFO Technologies, the flagship company of the NeST Group?
    A) S Somanath
    B) Elon Musk
    C) Ratan Tata
    D) K Sivan
    E) R Madhavan
    View Answer
    Option A
    Explanation:

    Indian Space Research Organization (ISRO) Chairman and Secretary, Department of Space, Government of India, S Somanath unveiled the carbon reduction initiative of SFO Technologies, the flagship company of the NeST Group.
  21. Which space agency is planning to develop the first lunar railway system for efficient payload transportation on the Moon?
    A) European Space Agency (ESA)
    B) Russian Space Agency (Roscosmos)
    C) None of these
    D) National Aeronautics and Space Administration (NASA)
    E) Indian Space Research Organization (ISRO)
    View Answer
    Option D
    Explanation:

    American Space Agency NASA is planning to develop the first lunar railway system for efficient payload transportation on the Moon.
    NASA shared an official blog post mentioning the long-lasting robotic transport system which will play a major role in the daily operations of a sustainable lunar base envisioned for the 2030s. This lunar railway system is part of NASA’s Moon to Mars initiative and mission concepts such as the Robotic Lunar Surface Operations 2 (RLSO2).
  22. Which region experienced one of the worst climate-related disasters in Asia in 2023, as reported by the World Meteorological Organization?
    A) Sikkim
    B) Ladakh
    C) Assam
    D) Arunachal Pradesh
    E) None of the above
    View Answer
    Option A
    Explanation:

    A glacial lake outburst flood in Sikkim in October 2023 led to the collapse of the Teesta III hydroelectric dam, killed more than 100 people, and affected thousands of others. And according to the World Meteorological Organisations ‘State of the Climate Asia 2023’ report, published in April, it was one of the worst climate-related disasters to have occurred on the continent last year.
  23. The United Nations General Assembly proclaimed which date as the World Football Day, commemorating the 100th anniversary of the first international football tournament?
    A) 25th May
    B) 1st June
    C) 10th July
    D) 15th August
    E) 11th March
    View Answer
    Option A
    Explanation:

    The United Nations General Assembly has proclaimed 25th May as the World Football Day, by adopting a resolution during the 80th plenary meeting of the General Assembly in New York.
    The year 2024 marks the 100th anniversary of the first international football tournament in history with the representation of all regions as part of the 1924 Summer Olympic Games, held in Paris. The resolution was passed unanimously by the 193-member General Assembly.
  24. On May 14, 2024, what significant celebration did Mazagon Dock Shipbuilders Limited (MDL) mark with various events, including the inauguration of adjacent land acquired from MPA and the launch of the prototype of an indigenous midget submarine called ‘Arowana’?
    A) 200th Foundation Day
    B) 150th Foundation Day
    C) 100th Foundation Day
    D) 250th Foundation Day
    E) None of the above
    View Answer
    Option D
    Explanation:

    Mazagon Dock Shipbuilders Limited (MDL) is celebrating its 250th Foundation Day on May 14, 2024. To mark the day, a series of events were organised in Mumbai, presided over by Defence Secretary Shri Giridhar Aramane.
    To mark this occasion of immense significance MDL organized a series of events including inauguration of adjacent land acquired from MPA, launch of prototype of indigenous midget submarine ‘Arowana’, commissioning of Solar Electric Hybrid boat, release of MDL’s Commemorative Coin which marks the 250 years completed and conducting a daylong technical seminar.

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