Current Affairs Quiz: May 21, 2024

May 21, 2024 CA Team

Which state-owned bank recorded the highest growth rate in total business and deposit mobilisation among public sector lenders in FY24?
A) State Bank of India
B) Punjab National Bank
C) Bank of Baroda
D) Bank of Maharashtra
E) None of the above

View Answer
Option D
Explanation:
State-owned Bank of Maharashtra recorded the highest growth rate last fiscal in terms of total business and deposit mobilisation among public sector lenders at a time when most banks are facing difficulty in achieving double-digit growth.
Which countries have been confirmed as the hosts for the 2026 and 2029 AFC Women’s Asian Cup?
A) Japan and South Korea
B) China and India
C) Australia and Uzbekistan
D) Thailand and Vietnam
E) None of the above

View Answer
Option C
Explanation:
Australia and Uzbekistan have been confirmed as the hosts of the 2026 and 2029 editions of the AFC Women’s Asian Cup respectively, the Asian Football Confederation said.
What comparison is used to describe the density of the newly discovered “super fluffy” exoplanet?
A) Iron
B) Lead
C) Water
D) Cotton candy
E) None of the above

View Answer
Option D
Explanation:
Researchers have discovered a “super fluffy” exoplanet, 50 per cent larger than Jupiter and weighing only a seventh of it, giving it a “cotton candy”-like density.
SBI Mutual Fund has recently launched which type of fund aimed at unlocking the potential of automotive and allied business activities?
A) SBI Growth Opportunities Fund
B) SBI Technology Opportunities Fund
C) SBI Automotive Opportunities Fund
D) SBI Infrastructure Opportunities Fund
E) None of the above

View Answer
Option C
Explanation:
SBI Mutual Fund announced the launch of SBI Automotive Opportunities Fund, an open-ended equity scheme that aims to unlock the potential of automotive and allied business activities. The new fund offer (NFO) opened for subscription, May 17, and will close on May 31.
What is the name of the newly launched digital platform for online reporting of damages incurred during various disasters in Assam?
A) Assam Disaster Management System (ADMS)
B) Assam Disaster Response Platform (ADRP)
C) None of these
D) Disaster Relief and Assistance Management System (DRAM)
E) Disaster Reporting and Information Management System (DRIMS)

View Answer
Option E
Explanation:
The Disaster Reporting and Information Management System (DRIMS), a digital platform for online reporting of damages incurred during various disasters, was launched by Assam Chief Secretary Dr Ravi Kota.
Which global provider of supply chain solutions has launched operations at Integrated Chennai Business Park, a free trade warehouse zone (FTWZ) near Chennai?
A) FedEx
B) UPS
C) DP World
D) DHL
E) None of the above

View Answer
Option C
Explanation:
Dubai’s DP World, a global provider of supply chain solutions, announced the launch of operations at Integrated Chennai Business Park, the company’s free trade warehouse zone (FTWZ) at Manali, about 30 km north of Chennai.
Following the tragic death of Iran’s President Ebrahim Raisi in a helicopter crash, who is set to assume the role of interim president?
A) Ali Khamenei
B) Mohammad Mokhber
C) Hassan Rouhani
D) Mahmoud Ahmadinejad
E) None of the above

View Answer
Option B
Explanation:
Iran’s hardline President Ebrahim Raisi tragically died in a helicopter crash in the mountainous northwestern region of Iran. Alongside President Raisi, several other significant figures were on the helicopter, all of whom are presumed dead.
Who recently made history as the first Indian space tourist and the second Indian to venture into space?
A) Rakesh Sharma
B) Kalpana Chawla
C) Gopi Thotakura
D) None of these
E) Sunita Williams

View Answer
Option C
Explanation:
Indian expatriate Gopi Thotakura made history as the first Indian space tourist and the second Indian to venture into space, joining the crew for Amazon founder Jeff Bezos’ Blue Origin’s NS-25 mission.
Who has been approved by the Reserve Bank of India (RBI) to join IDFC FIRST Bank Ltd. as its Whole Time Director for a three-year term?
A) Rajesh Kumar
B) Pradeep Natarajan
C) Anil Sharma
D) Deepak Jain
E) None of the above

View Answer
Option B
Explanation:
The Reserve Bank of India (RBI) has approved Mr. Pradeep Natarajan’s joining IDFC FIRST Bank Ltd. as Whole Time Director Mr. Natarajan will serve a three-year term in this role
How much money has the government recovered under the amnesty scheme for exporters for one-time settlement of defaults in export obligation by holders of advance and EPCG authorizations?
A) Rs 652 crore
B) Rs 752 crore
C) Rs 852 crore
D) Rs 952 crore
E) None of the above

View Answer
Option C
Explanation:
The government has recovered about Rs 852 crore under the amnesty scheme for exporters for one-time settlement of default in export obligation by the holders of advance and EPCG authorisations.
What substance did the FSSAI warn traders and food businesses against using for artificial fruit ripening during the mango season?
A) Ethylene
B) Calcium carbide
C) None of these
D) Sodium nitrate
E) Potassium permanganate

View Answer
Option B
Explanation:
The Food Safety and Standards Authority of India (FSSAI) has issued a stern reminder to fruit traders, handlers, and Food Business Operators (FBOs) managing ripening chambers to adhere strictly to the prohibition of using calcium carbide for artificial fruit ripening.
Who received the first stamp released to commemorate the completion of 200 years of Indian Origin Tamils in Sri Lanka?
A) Narendra Modi
B) Sri Sri Ravi Shankar
C) Senthil Thondaman
D) Ram Nath Kovind
E) None of the above

View Answer
Option B
Explanation:
Indian spiritual guru Sri Sri Ravi Shankar received the first stamp released commemorating the completion of 200 years of Indian Origin Tamils in Sri Lanka. Governor of the Eastern Province of Sri Lanka Senthil Thondaman presented the stamp to Sri Sri Ravi Shankar.
Which banking group has partnered with Pine Labs to revamp payment solutions in the MENAT region?
A) HSBC
B) Standard Chartered
C) Emirates NBD
D) Citibank
E) None of the above

View Answer
Option C
Explanation:
Emirates NBD, a leading banking group in the Middle East, North Africa, and Turkey (MENAT) region, has partnered with Pine Labs, a prominent merchant commerce omnichannel platform.
Which bank has become eligible to apply for a universal banking license due to meeting the stringent asset quality norms set by the Reserve Bank of India (RBI)?
A) Ujjivan Small Finance Bank
B) Equitas Small Finance Bank
C) Bandhan Bank
D) AU Small Finance Bank
E) None of the above

View Answer
Option A
Explanation:
Due to the stringent asset quality norms set by the Reserve Bank of India (RBI), Ujjivan Small Finance Bank meets the eligibility criteria to apply for a universal banking licence.
Where was the Yachting Association of India (YAI) Senior National Championship 2024 held?
A) Goa
B) Chennai
C) Mumbai
D) Kolkata
E) None of the above

View Answer
Option C
Explanation:
The Yachting Association of India (YAI) Senior National Championship 2024 concluded after intense competition at the Indian Naval Watermanship Training Centre (INWTC) in Mumbai.
Which platform has surpassed INR 1 trillion (1 lakh crore) in invoice financing for MSMEs?
A) NSE Emerge
B) RXIL TReDS
C) SIDBI
D) NABARD
E) None of the above

View Answer
Option B
Explanation:
RXIL TReDS Surpasses INR 1Trillion (1 Lakh Crore) in Invoice Financing for MSMEs. MSME contributing over 30% to GDP, faces estimated credit gap of around Rs.28.2 lakh crores.
Which dairy brand from Karnataka has become the official sponsor of the Scotland cricket team for the upcoming T20 World Cup?
A) Mother Dairy
B) Amul
C) Nandini
D) Verka
E) None of the above

View Answer
Option C
Explanation:
The management of the Scotland cricket team unveiled its jersey with a logo of Karnataka’s home-grown Nandini dairy for the upcoming T20 World Cup
Which country has become the first modern nation to lose all of its glaciers, as confirmed by climate scientists?
A) Peru
B) Chile
C) None of these
D) Venezuela
E) Argentina

View Answer
Option D
Explanation:
Venezuela is the first modern country to lose all of its glaciers, after the Latin American country lost its last remaining glacier on the Pico Humboldt peak was downgraded by climate scientists as an ice field.
In FY24, the government is expected to receive approximately what percentage more in dividends from public sector banks (PSBs) compared to FY23?
A) 20%
B) 25%
C) 30%
D) 35%
E) None of the above

View Answer
Option C
Explanation:
The government will get about 30 per cent more dividends from public sector banks (PSBs) in FY24 vis-a-vis FY23 due to handsome payouts declared by them on the back of strong financial performance.

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