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Banking QuizCA Quizzes (English)

Current Affairs Quiz: May 17, 2024

  1. When will The Inter-Services Organisations (Command, Control and Discipline) Act be enforced?
    A) January 1, 2024
    B) May 10, 2024
    C) August 15, 2023
    D) December 31, 2024
    E) None of the above
    View Answer
    Option B
    Explanation:

    The Inter-Services Organisations (Command, Control and Discipline) Act has been notified through a Gazette Notification to be enforced with effect from May 10, 2024.
  2. In the realm of healthcare and online information access, there’s a growing concern about a phenomenon termed “IDIOT syndrome.” What is the full form of “IDIOT” in this context, where readily available online information may hinder proper medical care?
    A) Internet Derived Information Obstructing Therapy
    B) Internet Driven Information Overload Triage
    C) Internet Derived Information Obstruction Treatment
    D) Internet Delivered Information Over Treatment
    E) None of the above
    View Answer
    Option C
    Explanation:

    The internet has revolutionised information access, allowing us to research nearly any topic with a few clicks. This extends to healthcare, with many people turning to online resources to diagnose their ailments. However, a growing concern is the potential for this to backfire, leading to a phenomenon known as “IDIOT syndrome.”
    IDIOT, which stands for “Internet Derived Information Obstruction Treatment,” describes a situation where readily available online information hinders proper medical care.
  3. Where are the joint counter-terror mock drills between the National Security Guard (NSG) and the US Special Operations Forces (SOF) taking place to enhance interoperability and coordination?
    A) Mumbai
    B) New Delhi
    C) Kolkata
    D) Bengaluru
    E) None of the above
    View Answer
    Option C
    Explanation:

    National Security Guard (NSG) is conducting joint counter-terror mock drills with the US Special Operations Forces (SOF) at multiple locations in Kolkata, to enhance interoperability and coordination between the two special forces.
  4. Which organization recently published global guidelines aimed at preventing bloodstream and other infections arising from the use of catheters placed in minor blood vessels during medical procedures?
    A) World Health Organization (WHO)
    B) International Red Cross
    C) Centers for Disease Control and Prevention (CDC)
    D) Doctors Without Borders (MSF)
    E) None of the above
    View Answer
    Option A
    Explanation:

    The World Health Organization (WHO) published the first global guidelines to prevent the occurrence of bloodstream and other infections caused by use of catheters placed in minor blood vessels during medical procedures.
  5. Which university has retained its first position among Indian universities in the Times Young University Rankings 2024?
    A) Anna University, Chennai
    B) Mahatma Gandhi University, Kottayam
    C) Delhi University, Delhi
    D) Jawaharlal Nehru University, Delhi
    E) None of the above
    View Answer
    Option B
    Explanation:

    In a significant achievement, Mahatma Gandhi University in Kottayam has retained its first position among Indian universities in the Times Young University Rankings 2024. This accomplishment follows the university’s rise to the third place in the Times Asia University Rankings.
  6. According to the report issued by the Center for World University Rankings (CWUR), which institution secured the top rank among Indian universities in the 2024 edition of the Global 2000 list?
    A) Indian Institute of Technology (IIT) Delhi
    B) Indian Institute of Management (IIM) Ahmedabad
    C) University of Delhi
    D) Indian Statistical Institute (ISI) Kolkata
    E) None of the above
    View Answer
    Option B
    Explanation:

    The Center for World University Rankings (CWUR) issued a report that reveals that Indian universities degraded in terms of performance due to global competition from well-funded institutions.
    In the 2024 edition of the Global 2000 list, 64 Indian universities and institutions were featured and the Indian Institute of Management (IIM) Ahmedabad secured the top rank. This year, IIM Ahmedabad’s position improved a bit and it secured 410th rank, at the same time,
  7. According to the “Half Yearly Report on Management of Foreign Exchange Reserves” by the Reserve Bank of India (RBI), by how much did the RBI’s gold holding increase in Fiscal Year 2024 (FY24)?
    A) 22.10 metric tonnes
    B) 49.56 metric tonnes
    C) 27.46 metric tonnes
    D) 822.10 metric tonnes
    E) None of the above
    View Answer
    Option C
    Explanation:

    Reserve Bank of India’s gold holding increased by 27.46 metric tonnes in FY24 to 822.10 metric tonnes as at end-March 2024, according to its “Half Yearly Report on Management of Foreign Exchange Reserves”.
  8. What was the amount of government bonds repurchased by the Reserve Bank of India (RBI), as reported by market participants?
    A) Rs 60,000 crore
    B) Rs 822.10 crore
    C) Rs 27,460 crore
    D) Rs 2,069 crore
    E) None of the above
    View Answer
    Option D
    Explanation:

    The Reserve Bank of India (RBI) repurchased Rs 2,069 crore worth of government bonds, against the notified amount of Rs 60,000 crore, as banks refused to sell the securities at a loss, said market participants.
  9. Which insurance company introduced India’s first “Satellite In-Orbit Third-Party Liability Insurance,” catering to the needs of satellite operators and manufacturers in the country’s space industry?
    A) Bajaj Allianz General Insurance
    B) HDFC ERGO General Insurance
    C) ICICI Lombard General Insurance
    D) Tata AIG General Insurance
    E) None of the above
    View Answer
    Option D
    Explanation:

    Tata AIG General Insurance has introduced the country’s first `Satellite In-Orbit Third-Party Liability Insurance’, targeting the specific needs of satellite operators and manufacturers within the country’s rapidly growing space industry.
  10. Which insurance company has partnered with Bima Central, developed by CAMS Insurance Repository, to introduce an industry-first policyholder servicing platform in India?
    A) HDFC ERGO General Insurance
    B) ICICI Lombard General Insurance
    C) SBI General Insurance Company Limited
    D) None of these
    E) Tata AIG General Insurance
    View Answer
    Option C
    Explanation:

    SBI General Insurance Company Limited, one of India’s top general insurance carriers, has partnered with Bima Central, built by CAMS Insurance Repository, to launch industry-first policyholder servicing platform, Bima Central.
  11. What percentage of stake has the Reserve Bank allowed Quant Mutual Fund to increase in RBL Bank by May 12, 2025, according to the regulatory filing?
    A) 8.50%
    B) 9.98%
    C) 10.50%
    D) 7.75%
    E) None of the above
    View Answer
    Option B
    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.
  12. What is the amount of the loan approved by the Asian Development Bank (ADB) for improving the electricity supply in Sikkim?
    A) USD 100 million
    B) USD 120.5 million
    C) USD 148.5 million
    D) USD 200 million
    E) None of the above
    View Answer
    Option C
    Explanation:

    Asian Development Bank (ADB) has approved a USD 148.5 million loan to help modernise and enhance the reliability, quality and resilience of electricity supply in Sikkim.
  13. According to industry experts, what is the estimated value of India’s internet economy by 2030, and what is the expected worth of its e-commerce sector?
    A) $500 billion, $200 billion
    B) None of these
    C) $1 trillion, $325 billion
    D) $750 billion, $300 billion
    E) $1.5 trillion, $400 billion
    View Answer
    Option C
    Explanation:

    India’s internet economy is estimated to reach $1 trillion by 2030, primarily due to e-commerce, which is expected to be worth $325 billion and rank third globally, according to industry experts.
  14. According to the United Nations’ World Economic Situation and Prospects (WESP) report as of mid-2024, what are the revised growth projections for India’s economy for the years 2024 and 2025?
    A) 7.2% in 2024, 6.8% in 2025
    B) 6.9% in 2024, 6.6% in 2025
    C) 7.5% in 2024, 7.0% in 2025
    D) 6.5% in 2024, 6.3% in 2025
    E) None of the above
    View Answer
    Option B
    Explanation:

    The United Nations has revised India’s growth projections for 2024, and has projected the economy to expand by close to 7 per cent this year. The agency’s World Economic Situation and Prospects (WESP) report as of mid-2024, released, stated that India’s economy is forecast to expand by 6.9 per cent in 2024 and 6.6 per cent in 2025.
  15. What is the projected growth range for India’s merchandise exports in the current financial year (FY25) according to the Federation of Indian Export Organisations (FIEO)?
    A) $400-410 billion
    B) $450-460 billion
    C) $500-510 billion
    D) $550-560 billion
    E) None of the above
    View Answer
    Option C
    Explanation:

    Merchandise exports from India may grow to $500-510 billion in the current financial year (FY25) after witnessing a 3 per cent contraction in the last financial year (FY24), Federation of Indian Export Organisations (FIEO), the apex body for exporters.
  16. ReNew has signed a memorandum of understanding (MoU) with Societe Generale for support in financing and developing various energy transition projects. What is the total amount of support referenced in the MoU over the next three years?
    A) USD 500 million
    B) USD 750 million
    C) USD 1 billion
    D) USD 1.5 billion
    E) None of the above
    View Answer
    Option C
    Explanation:

    ReNew has signed a memorandum of understanding (MoU) with Societe Generale, to support the financing and development of the company’s various strategic energy transition projects both in India and globally.Under the MoU, which references up to USD1 billion of support over the next three years.
  17. In the recent match, Paris St Germain (PSG) suffered a 3-1 defeat against Toulouse, marking only their second loss in Ligue 1 this season. Which team emerged victorious against PSG in this match?
    A) AS Monaco
    B) Toulouse
    C) None of these
    D) Borussia Dortmund
    E) Luis Enrique’s side
    View Answer
    Option A
    Explanation:

    Paris St Germain were left stunned after they were beaten 3-1 by Toulouse, with the newly-crowned champions slumping to only their second Ligue 1 defeat this season.
    Luis Enrique’s side struggled for form after their midweek Champions League semi-final loss to Borussia Dortmund and remain on 70 points from 32 games, six clear of second-placed AS Monaco with two games remaining.
  18. Who has been sworn in as Singapore’s new prime minister, marking the first leadership change in 20 years and only the fourth leader since the country’s independence?
    A) Lee Hsien Loong
    B) Goh Chok Tong
    C) Tony Tan
    D) Lawrence Wong
    E) None of the above
    View Answer
    Option D
    Explanation:

    Lawrence Wong has been sworn in as Singapore’s first new prime minister in 20 years and only its fourth leader since independence, capping a carefully calibrated power transfer aimed at ensuring continuity in the wealthy city-state.
  19. Who has been appointed as the managing director of IIFL Securities Ltd for a five-year term, replacing R Venkataraman from May 15, 2024?
    A) R Venkataraman
    B) Nemkumar H
    C) Lee Hsien Loong
    D) Goh Chok Tong
    E) None of the above
    View Answer
    Option B
    Explanation:

    Financial Services firm IIFL Securities Ltd said that it has appointed Nemkumar H as managing director for five years. He would replace R Venkataraman, currently the chairman and managing director, from May 15, 2024.
  20. Who has been appointed as the new Executive Director of the UN Multi-Partner Trust Fund Office (MPTFO), succeeding Jennifer Topping, according to the announcement made by United Nations Development Programme Administrator Achim Steiner?
    A) Achim Steiner
    B) Jennifer Topping
    C) None of these
    D) Benin
    E) Alain Noudéhou
    View Answer
    Option E
    Explanation:

    United Nations Development Programme Administrator Achim Steiner announced the appointment of of Alain Noudéhou of Benin as the new Executive Director of the UN Multi – Partner Trust Fund Office (MPTFO). Mr. Noudéhou succeeds Jennifer Topping of Canada, who will complete her assignment by the end of May 2024.
  21. What is the name of the highest honor given by the Sahitya Akademi to eminent authors, which was recently awarded to Ruskin Bond?
    A) Sahitya Ratna
    B) Sahitya Puraskar
    C) Sahitya Samman
    D) Sahitya Akademi Fellowship
    E) None of the above
    View Answer
    Option D
    Explanation:

    Eminent author Ruskin Bond has been awarded the Sahitya Akademi Fellowship, the highest honour given by the literary organisation.
  22. Forbes recently released its ninth edition of the “30 Under 30 Asia” list, which highlights 300 young entrepreneurs, leaders, and trailblazers under 30. What is the primary focus of this list?
    A) Academic excellence
    B) Scientific research
    C) Financial success
    D) Driving innovation and industry transformation
    E) Social media influence
    View Answer
    Option D
    Explanation:

    Forbes released its ninth edition of the “30 Under 30 Asia” list celebrating 300 young entrepreneurs, leaders, and trailblazers under 30 who are driving innovation and transforming industries across the Asia-Pacific region.
  23. What is the name of the project announced by the National Aeronautics and Space Administration (NASA) to build a robot train on the moon, aimed at providing reliable, autonomous, and efficient transportation?
    A) Lunar Express
    B) Moon Rover Initiative
    C) Flexible Levitation on a Track (FLOAT)
    D) Lunar Transportation System (LTS)
    E) None of the above
    View Answer
    Option C
    Explanation:

    The American space agency National Aeronautics and Space Administration (NASA) has announced that it plans to build a robot train on the moon, for which it will be sending its astronauts to the Earth’s only natural satellite.
    The space agency proposed the details of its project named Flexible Levitation on a Track (FLOAT), which would provide reliable, autonomous and efficient transportation on the moon.
  24. Which country’s consortium unveiled the world’s first high-speed 6G prototype gadget capable of sending data over 300 feet at a speed of 100 gigabits per second (Gbps)?
    A) China
    B) United States
    C) South Korea
    D) Singapore
    E) Japan
    View Answer
    Option E
    Explanation:

    The first high-speed 6G prototype gadget in the world has been unveiled by a Japanese consortium. It is capable of sending data over 300 feet at a speed of 100 gigabits per second (Gbps). That outperforms the existing 5G technology by 20 times.
  25. Malti Joshi, a renowned Hindi writer who recently passed away in New Delhi, was known for her contributions to which field?
    A) Medicine
    B) Literature
    C) Music
    D) Engineering
    E) None of the above
    View Answer
    Option B
    Explanation:

    Renowned Hindi writer Malti Joshi passed away at her residence in New Delhi. She was 90 and battling esophagus cancer.
  26. Roger Corman, who was known as the ‘King of the Bs’ and provided early opportunities to many of Hollywood’s renowned actors and directors, passed away at the age of 98. What was one of his notable contributions to the film industry?
    A) Pioneering special effects techniques
    B) Establishing the first film school in Hollywood
    C) Producing a series of low-budget B movies
    D) Inventing a new genre of cinema
    E) None of the above
    View Answer
    Option C
    Explanation:

    Roger Corman, who is also known as the ‘King of the Bs’, and gave many of Hollywood’s most famous actors and directors early breaks, died at 98.Starting in 1955, Corman helped create hundreds of B-movies as a producer and director, among them “Black Scorpion,” “Bucket of Blood” and “Bloody Mama.”
  27. Assam-based social activist Birubala Rabha, known for her campaign against witch hunting in the state, passed away in Guwahati after battling cancer. What significant honor did she receive from the central government in 2021?
    A) Bharat Ratna
    B) Padma Vibhushan
    C) Padma Shri
    D) Padma Bhushan
    E) None of the above
    View Answer
    Option C
    Explanation:

    Assam-based social activist Birubala Rabha, who campaigned against witch hunting in the state, died in Guwahati after battling with cancer.
    She was honoured with the Padma Shri award by the central government in 2021 and nominated for the Nobel Peace Prize in 2005. She played an important role in the passing of the Prevention of and Protection from Witch Hunting Act in 2015.

  28. What is the title of the book recently released, written by Anuradha Mascarenhas, which provides an exclusive biography of Dr. Soumya Swaminathan?
    A) “A Journey Through Science: The Life of Dr. Soumya Swaminathan”
    B) “The Medical Odyssey: Dr. Soumya Swaminathan’s Life Story”
    C) “At The Wheel of Research: An Exclusive Biography of Dr. Soumya Swaminathan”
    D) “Discovering Excellence: The Biography of Dr. Soumya Swaminathan”
    E) None of the above
    View Answer
    Option C
    Explanation:

    The book titled ‘At The Wheel of Research: An Exclusive Biography of Dr Soumya Swaminathan’ written by Anuradha Mascarenhas has been released recently.
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