Current Affairs Quiz: May 19 & 20, 2024

May 20, 2024 CA Team

Who was crowned Miss Pink Nepal 2024 in a gala event held in Kathmandu, and will go on to represent Nepal at the Miss International Queen 2024 competition in Thailand?
A) Aarohi Basnet
B) Sarosy Neupane
C) Anmol Rai
D) Aarohi Rai
E) None of the above

View Answer
Option C
Explanation:
Anmol Rai, a transwoman, was crowned Miss Pink Nepal 2024 in a gala event held in Kathmandu. Sarosy Neupane and Aarohi Basnet were named first and second runners-up, respectively. Rai will represent Nepal at the Miss International Queen 2024 competition in Thailand later this year. The event highlighted Nepal’s advancements in LGBTQ rights.
In which country was the new 10-year Blue Residency visa for individuals contributing to environmental protection announced?
A) Saudi Arabia
B) Qatar
C) UAE
D) Bahrain
E) None of the above

View Answer
Option C
Explanation:
The UAE Cabinet has announced a new 10-year Blue Residency visa for individuals who have made exceptional contributions to protecting the environment. The announcement was made during a Cabinet meeting chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, at Qasar Al Watan in Abu Dhabi.
Which Indian table tennis duo clinched the mixed doubles title at the WTT Cappadocia Feeder tournament in Turkey?
A) Anirban Ghosh and Swastika Ghosh
B) Poymantee Baisya and Akash Pal
C) Sathiyan Gnanasekaran and Manika Batra
D) Sharath Kamal and Mouma Das
E) None of the above

View Answer
Option B
Explanation:
The Indian table tennis duo of Poymantee Baisya and Akash Pal clinched mixed doubles title at World Table Tennis (WTT) Feeder tournament held in Cappadocia, Turkey.The duo secured their triumph after a fierce battle against fellow Indians Anirban Ghosh and Swastika Ghosh. In a nail-biting encounter Baisya and Akash emerged triumphant with a hard-fought 3-2 victory, securing the prestigious title.
Which Indian public sector companies are set to actively search for critical mineral assets overseas, according to the government announcement?
A) Coal India, NTPC, Indian Oil Corporation
B) NMDC, ONGC Videsh Ltd, GAIL (India) Limited
C) Coal India, NMDC, ONGC Videsh Ltd
D) Bharat Petroleum Corporation Limited, Oil India Limited, Power Grid Corporation of India Limited
E) None of the above

View Answer
Option C
Explanation:
The government said public sector companies Coal India, NMDC and ONGC Videsh Ltd (OVL), will start looking actively for critical mineral assets overseas.ONGC Videsh Ltd (OVL) is the overseas investment arm of state-owned Oil and Natural Gas Corporation. These PSUs already have some kind of presence abroad.
What was the percentage increase in India’s goods exports in April 2024 compared to the previous year, according to government data?
A) 0.5%
B) 1.08%
C) 2.5%
D) 3.75%
E) None of the above

View Answer
Option B
Explanation:
India’s goods exports posted a marginal 1.08 per cent increase in April 2024 (year-on-year) to $34.99 billion, marking a tepid beginning to the new fiscal. While items such as electronics, chemicals, pharmaceutical and petroleum posted significant growth, some others like engineering goods, gems and jewellery and leather declined, per government data
By how many basis points (bps) did State Bank of India (SBI) increase interest rates on retail domestic term deposits of less than one year tenor?
A) 10-50 bps
B) None of these
C) 50-100 bps
D) 75-125 bps
E) 25-75 bps

View Answer
Option E
Explanation:
State Bank of India (SBI) has increased interest rates on retail domestic term deposits (Below ₹2 crore) by 25-75 basis points on deposits of less than one year tenor.
What is the name of the air defense system that the Indian Army is set to receive, which is of Russian origin?
A) Akash
B) Igla-S
C) Barak-8
D) Spyder
E) None of the above

View Answer
Option B
Explanation:
The Army is all set to begin receiving another set of Russian Igla-S very short range air defence systems (VSHORAD) by the end of May or early next month, filling a critical void in the its air defence requirements which has been repeatedly delayed.
What was the total value of India’s foreign exchange reserves for the week ended May 10, as reported by the Reserve Bank of India (RBI)?
A) $642.59 billion
B) $643.75 billion
C) $644.15 billion
D) $645.00 billion
E) None of the above

View Answer
Option C
Explanation:
India’s forex reserves jumped USD 2.561 billion to USD 644.151 billion for the week ended May 10, the Reserve Bank of India (RBI) said.
What is the name of the mission unveiled by ISRO that aims to land a rover and helicopter on Mars, potentially making India the third nation to achieve this feat?
A) Chandrayaan-3
B) Gaganyaan
C) Vikram-2
D) Mangalyaan-2
E) None of the above

View Answer
Option D
Explanation:
India’s renowned space agency, the Indian Space Research Organisation (Isro), is on the verge of a historic milestone: a mission to land a rover and helicopter on Mars.The details about the upcoming ambitious project by Isro, named Mangalyaan-2, were made public during a presentation on National Technology Day(May 11) at the Space Application Centre.
What will be the significant achievement of the Shinku La tunnel once completed?
A) It will be the longest tunnel in the world.
B) None of these
C) It will be the first underwater tunnel in India.
D) It will be the widest tunnel in the world.
E) It will be the highest tunnel in the world, surpassing China’s Mila tunnel.

View Answer
Option E
Explanation:
The Border Roads Organisation (BRO) will begin work in mid-September on the Shinku La tunnel, which will provide all-weather connectivity from Manali to Leh via the Nimmu-Padam-Darcha axis, officials said. The tunnel, located at an altitude of 15,800 feet, is expected to be completed in four years and will become the world’s highest tunnel, surpassing China’s Mila tunnel at 15,590 feet.
During which event did India and the UK reaffirm their commitment to concluding a Free Trade Agreement (FTA)?
A) UK-India Strategic Dialogue
B) G20 Summit
C) BRICS Summit
D) Commonwealth Heads of Government Meeting
E) None of the above

View Answer
Option A
Explanation:
India and the UK have reaffirmed their commitment to concluding a mutually beneficial Free Trade Agreement (FTA) during the annual UK-India Strategic Dialogue in London. This marks a significant step as the two nations have already conducted 13 rounds of talks, with the 14th round commencing in January 2024.
Where is the active volcano Mount Ibu, which has caused the evacuation of hundreds of residents, located?
A) Java island
B) Bali island
C) None of these
D) Halmahera island
E) Sumatra island

View Answer
Option D
Explanation:
Hundreds of residents near Mount Ibu, an active volcano on Halmahera island in eastern Indonesia, have been evacuated following a significant increase in volcanic activity.
Who was elected president of the Supreme Court Bar Association (SCBA) for the fourth time?
A) Vikrant Yadav
B) Harish Salve
C) Kapil Sibal
D) Mukul Rohatgi
E) None of the above

View Answer
Option C
Explanation:
Senior advocate Kapil Sibal was elected president of the Supreme Court Bar Association (SCBA) . He would be serving the SCBA for the fourth time as its president. Besided Advocate Vikrant Yadav was elected SCBA secretary.
Which two senior IPS officers were appointed as additional directors in the Central Bureau of Investigation (CBI)?
A) A.Y.V. Krishna and N. Venu Gopal
B) Harish Salve and Kapil Sibal
C) Mukul Rohatgi and Vikrant Yadav
D) Ranjit Sinha and Alok Verma
E) None of the above

View Answer
Option A
Explanation:
Senior IPS officers A.Y.V. Krishna and N. Venu Gopal have been appointed as additional directors in the Central Bureau of Investigation (CBI).
Which two Indian boxers clinched gold medals at the Elorda Cup 2024 in Kazakhstan?
A) Mary Kom and Pooja Rani
B) Nikhat Zareen and Minakshi
C) Sarita Devi and Lovlina Borgohain
D) Simranjit Kaur and Saweety Boora
E) None of the above

View Answer
Option B
Explanation:
In Boxing, India’s reigning world champion, Nikhat Zareen and another boxer Minakshi clinched gold medals at the Elorda Cup 2024 in Astana, Kazakhstan.
Who has assumed the position of President of the Confederation of Indian Industry (CII)?
A) R Dinesh
B) Sanjiv Puri
C) N. Chandrasekaran
D) None of these
E) Ajay Singh

View Answer
Option B
Explanation:
Apex industry chamber Confederation of Indian Industry (CII) has a new President in Sanjiv Puri, Chairman and Managing Director of ITC Limited. He takes over from R Dinesh, Chairman of TVS Supply Chain Solutions.
Which of the following is the name of the premium banking services program recently launched by Yes Bank, specifically targeting affluent customers?
A) Yes Privilege
B) Yes Excellence
C) Yes Prestige
D) Yes Grandeur
E) None of the above

View Answer
Option D
Explanation:
Yes Bank has launched premium banking services under the label ‘Yes Grandeur’ targeting elite and rising affluent class to drive business growth.So, only banking customers with an average monthly balance (AMB) of Rs 5 lakh or a net relationship value (NRV) of Rs 20 lakh will be eligible for the program, with additional consideration to loan relationships.
Which organization has defended the use of Ethylene oxide (EtO) treatment for Indian spices, stating it is done for the health benefits of consumers?
A) Federation of Indian Spice Stakeholders (FISS)
B) Indian Spice Exporters Association (ISEA)
C) Spice Producers Association of India (SPAI)
D) Indian Spice Regulatory Authority (ISRA)
E) None of the above

View Answer
Option A
Explanation:
The Federation of Indian Spice Stakeholders has stepped into the matter of Indian spices being banned in Singapore and Hong Kong, followed recently by Nepal stating that the treatment of Ethylene oxide (EtO) is done to save people from the harmful effects of processed food
Which organization released the World Economic Situation and Prospects report forecasting global economic growth rates of 2.7% in 2024 and 2.8% in 2025?
A) World Bank
B) International Monetary Fund (IMF)
C) United Nations (UN)
D) World Trade Organization (WTO)
E) None of the above

View Answer
Option C
Explanation:
The growth rate of the world economy is expected to remain around 2.7 per cent in 2024, and 2.8 per cent in 2025, according to the World Economic Situation and Prospects report released by the Department of Economic and Social Affairs of United nations. The report added that global economic prospects have improved since January, with major economies avoiding a severe downturn, bringing down inflation without increasing unemployment.
What is the GDP growth rate forecast for the March quarter according to India Ratings and Research?
A) 6.0%
B) 6.5%
C) 6.7%
D) 7.2%
E) 6.2%

View Answer
Option C
Explanation:
India Ratings and Research expects the country’s GDP growth rate for the March quarter at 6.7 per cent and around 6.9-7 per cent for the 2023-24 fiscal, its principal economist Sunil Kumar Sinha said.
Who recently passed away at the age of 85, and had served as the former Vice-Chairman of Tech Mahindra?
A) Anand Mahindra
B) Vineet Nayyar
C) None of these
D) C.P. Gurnani
E) Gopichand Hinduja

View Answer
Option B
Explanation:
Vineet Nayyar, former Vice-Chairman of Tech Mahindra passed away at the age of 85.
Who won the Thailand Open Super 500 badminton tournament in the men’s doubles category?
A) Satwiksairaj Rankireddy and Chirag Shetty
B) Chen Bo Yang and Liu Yi
C) Kento Momota and Hiroyuki Endo
D) Viktor Axelsen and Anders Antonsen
E) None of the above

View Answer
Option A
Explanation:
Indian shuttlers Satwiksairaj Rankireddy and Chirag Shetty won the Thailand Open Super 500 badminton tournament with a straight-game win over Chen Bo Yang and Liu Yi of China

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