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Banking QuizCA Quizzes (English)

Current Affairs Quiz: May 22, 2024

  1. What are the primary areas of focus in the MoU signed between the Department of Animal Husbandry & Dairying (DAHD) and the United Nations Development Programme (UNDP) India?
    A) Animal welfare, sustainable farming, and water conservation
    B) Vaccine cold chain management, capacity building, and communication planning
    C) Renewable energy, waste management, and biodiversity conservation
    D) Rural development, education, and healthcare initiatives
    E) None of the above
    View Answer
    Option B
    Explanation:

    The Department of Animal Husbandry & Dairying (DAHD), Ministry of Fisheries, Animal Husbandry & Dairying signed a Memorandum of Understanding (MoU) with the United Nations Development Programme (UNDP) India on Digitalization of Vaccine Cold Chain Management, Capacity Building, and Communication Planning.
  2. Where is the three-day Indo-Bangla music festival celebrating the 250th birth anniversary of Saint Lalon Shah Fakir being held?
    A) Dhaka, Bangladesh
    B) Kolkata, India
    C) Sherpur, Bangladesh
    D) Chittagong, Bangladesh
    E) None of the above
    View Answer
    Option C
    Explanation:

    A three day long Indo-Bangla music festival began in Sherpur, Bangladesh to celebrate the 250th birth anniversary of the mystic saint and humanist bard Fakir Lalan Shah.
  3. Who was sworn in as the new president of Taiwan for the ruling Democratic Progressive Party?
    A) Ma Ying-jeou
    B) Tsai Ing-wen
    C) William Lai Ching-te
    D) Eric Chu
    E) None of the above
    View Answer
    Option C
    Explanation:

    William Lai Ching-te was sworn in as the new president of the Republic of China or Taiwan for the third consecutive term for the ruling Democratic Progressive Party. Lai Ching-te was the vice president under the Tsai-Ing Wen administration.
  4. In which event did India’s Ekta Bhyan win a gold medal at the World Para Athletic Championships in Kobe, Japan?
    A) Women’s F51 Discus Throw
    B) Women’s F51 Javelin Throw
    C) Women’s F51 Shot Put
    D) Women’s F51 Club Throw
    E) None of the above
    View Answer
    Option D
    Explanation:

    India’s Ekta Bhyan secured the gold medal with a season’s best throw of 20.12m in the women’ F51 club throw competition at the World Para Athletic Championships at Kobe in Japan.
  5. Where did the Indian mixed 4x400m team set a new national record and win the gold medal at the Asian Relay Championships 2024?
    A) Tokyo, Japan
    B) Beijing, China
    C) Bangkok, Thailand
    D) Kuala Lumpur, Malaysia
    E) None of the above
    View Answer
    Option C
    Explanation:

    The Indian mixed 4x400m team of Muhammed Ajmal, Jyothika Sri Dandi, Amoj Jacob and Subha Venkatesan set a new national record to win the gold medal at the Asian Relay Championships 2024 in Bangkok, Thailand.
  6. What is the projected GDP growth rate for the March quarter of the 2023-24 fiscal year according to ICRA?
    A) 6.7%
    B) 7.8%
    C) 8.5%
    D) 9.2%
    E) None of the above
    View Answer
    Option A
    Explanation:

    Domestic rating agency ICRA projected India’s GDP growth to moderate to a four quarter low of 6.7 per cent in March quarter of 2023-24 fiscal. For the full 2023-24 fiscal, ICRA estimates GDP growth to come in at 7.8 per cent.
  7. What significant approval has Pine Labs received from a Singapore court regarding its business entities, aiming to relocate its base to India?
    A) Approval to expand operations into Southeast Asia
    B) Approval to merge its India and Singapore entities
    C) Approval to acquire a rival payment firm
    D) Approval to launch a new digital wallet service
    E) None of the above
    View Answer
    Option B
    Explanation:

    Payments firm Pine Labs has received approval from a Singapore court to merge its India and Singapore entities, Pine Labs Limited (PLS) and Pine Labs Private Limited (PLI).
  8. Which innovative technology did the Bengaluru-based space start-up Galaxeye Space successfully deploy on a High-Altitude Platform (HAP), with the support of the National Aerospace Laboratories?
    A) Synthetic Aperture Radar (SAR)
    B) Global Positioning System (GPS)
    C) Communication Satellite
    D) Weather Monitoring System
    E) None of the above
    View Answer
    Option A
    Explanation:

    Incubated by IIT-Madras, Bengaluru-based space start-up Galaxeye Space has flown a synthetic aperture radar (SAR) it developed on a High-Altitude Platform (HAP) made by National Aerospace Laboratories, a public-funded research laboratory based in Pune.
  9. Which two entities recently signed a Memorandum of Understanding (MOU) to provide financial solutions to farmers for purchasing tractors and Farm Mechanisation products?
    A) Mahindra & Mahindra and HDFC Bank
    B) VST Tillers Tractors Limited (VST) and Axis Bank
    C) John Deere and ICICI Bank
    D) TAFE (Tractors and Farm Equipment Limited) and State Bank of India (SBI)
    E) None of the above
    View Answer
    Option B
    Explanation:

    VST Tillers Tractors Limited (VST), a farm equipment manufacturer, signed a Memorandum of Understanding (MOU) with Axis Bank, to offer financial solutions to the farmers for purchasing tractors and Farm Mechanisation products.
  10. What recent change has the Securities and Exchange Board of India (SEBI) made regarding the determination of the market capitalization of listed companies under the Listing Obligations and Disclosure Requirements (LODR) rules?
    A) Introduction of stricter reporting requirements for quarterly financial results
    B) Revision of guidelines for corporate governance practices
    C) Implementation of a new method for calculating market capitalization using a 6-month average
    D) Introduction of restrictions on insider trading practices
    E) None of the above
    View Answer
    Option C
    Explanation:

    Markets regulator Sebi has revamped the method for calculating the market capitalisation of listed companies under the Listing Obligations and Disclosure Requirements (LODR) rules.
  11. Which two entities recently signed a Memorandum of Understanding (MoU) to facilitate financing for the purchase of Airbus helicopters in India?
    A) Boeing and Reserve Bank of India (RBI)
    B) Airbus Helicopters and Small Industries Development Bank of India (SIDBI)
    C) Lockheed Martin and Export-Import Bank of India (EXIM Bank)
    D) Bell Helicopter and National Bank for Agriculture and Rural Development (NABARD)
    E) None of the above
    View Answer
    Option B
    Explanation:

    Airbus Helicopters and Small Industries Development Bank of India (SIDBI) signed a Memorandum of Understanding (MoU) for financing the purchase of Airbus’ helicopters in India.
  12. Elon Musk traveled to Indonesia’s Bali to oversee the launch of a significant service in the world’s largest archipelago nation. What service did he introduce during this visit?
    A) SpaceX satellite communication service
    B) Tesla electric vehicle charging stations
    C) Starlink satellite internet service
    D) Neuralink brain-computer interface technology
    E) None of the above
    View Answer
    Option C
    Explanation:

    Elon Musk traveled to Indonesia’s resort island of Bali to launch Starlink satellite internet service in the world’s largest archipelago nation.
  13. What is the projected size of India’s digital economy by the fiscal year 2027-28, according to Minister of State for Electronics and IT Rajeev Chandrasekhar?
    A) $500 billion
    B) $750 billion
    C) $1 trillion
    D) $1.5 trillion
    E) None of the above
    View Answer
    Option C
    Explanation:

    India’s digital economy is growing at 2.8 percent per annum and is expected to reach $1 trillion by 2027-28, minister of state for electronics and IT Rajeev Chandrasekhar said at an outreach programme. The minister further said the value of the IndiaAI mission will be doubled to Rs 20,000 crore from Rs 10,000 crore.
  14. Which football club recently made history by winning their fourth consecutive Premier League title after defeating West Ham 3-1?
    A) Arsenal
    B) Liverpool
    C) Manchester United
    D) Manchester City
    E) None of the above
    View Answer
    Option D
    Explanation:

    Manchester City created English football history , overcoming West Ham 3-1 to win their fourth straight Premier League title and break Arsenal’s hearts as Jurgen Klopp made an emotional Liverpool exit.
  15. Which organizations collaborated to launch the ‘SAMBAV’ initiative, aimed at enhancing the skills of 1 million students and professionals in new-age technologies across India?
    A) NITI Aayog and Coursera
    B) AICTE and Skillible
    C) Ministry of Human Resource Development and Udacity
    D) IIT Bombay and LinkedIn Learning
    E) None of the above
    View Answer
    Option B
    Explanation:

    The All India Council for Technical Education (AICTE), operating under the Ministry of Education, partnered with Skillible, a technology platform focusing on experiential learning, to introduce an innovative initiative called Skillible’s Academic Model for Business-To-Academic Ventures (Sambav). The initiative aims to enhance the skills of 1 million students and professionals in new-age technologies across India.
  16. According to an article in the RBI Bulletin released in May, what is the projected growth rate for India in the first quarter of the current financial year?
    A) 6.5%
    B) 7.0%
    C) 7.5%
    D) 8.0%
    E) 6.0%
    View Answer
    Option C
    Explanation:

    India is likely to grow by 7.5 per cent in the first quarter of the current financial year, driven by rising aggregate demand and non-food spending in the rural economy, according to an article in the RBI’s May Bulletin released.
  17. Exicom, known for its electric vehicle (EV) charging solutions, recently introduced a new product designed to enhance the EV charging experience in India. What key feature does this newly launched product offer?
    A) Solar-powered charging capability
    B) Fastest DC charging speed up to 400kW
    C) Integration with advanced AI-driven remote management system
    D) Compatibility with all EV models on the market
    E) None of the above
    View Answer
    Option B
    Explanation:

    Exicom, a leading provider of electric vehicle (EV) charging and Critical Power solutions in India, announced the launch of India’s fastest DC Chargers up to 400kW.
  18. Which of the following statements is true regarding student enrollment trends from 2014-15 to 2021-22?
    A) Student enrollment under the Scheduled Caste (SC) category increased by 51 per cent.
    B) Minority female student enrollment increased by over 42 per cent.
    C) Female enrollment for Scheduled Tribe (ST) students grew by 44 per cent.
    D) Total SC student enrollment grew from 46 lakh to 55 lakh.
    E) None of the above
    View Answer
    Option B
    Explanation:

    The student enrollment under the Scheduled Caste category has grown by 44 per cent, from 46 lakh in 2014-15 to 66 lakh in 2021-22.According to a report of the National Commission for Backward Class, minority female student enrollment also witnessed over 42 per cent increase, from over 10 lakh in 2014-15 to 15 lakh in 2021-22. Female SC enrollment increased by 51 per cent, whereas that of ST students went up by 65.2 per cent.
  19. Who did Alexander Zverev defeat to win his second Italian Open men’s singles title in 2024?
    A) Novak Djokovic
    B) Rafael Nadal
    C) Nicolas Jarry
    D) Aryna Sabalenka
    E) None of the above
    View Answer
    Option C
    Explanation:

    Alexander Zverev won the 2024 Italian Open men’s singles title, defeating Nicolas Jarry of Chile in straight sets 6-4, 7-5. This victory marked Zverev’s second Italian Open title and his overall eighth Masters title. His previous Italian Open wins include his first Masters title in 2017 against Novak Djokovic, and he reached the final in 2018, losing to Rafael Nadal.
  20. What is the name given by Microsoft to the new category of personal computers with AI features?
    A) Copilot Plus PCs
    B) AI-Integrated PCs
    C) Microsoft Genius PCs
    D) Windows AI PCs
    E) None of the above
    View Answer
    Option A
    Explanation:

    American technology major Microsoft debuted a new category of personal computers with AI features as it rushes to build the emerging technology into products across its business and compete with Alphabet and Apple.Microsoft calls them ‘Copilot Plus PCs’. They come with a deeper integration of generative Artificial Intelligence (gen AI) and are touted to be the most powerful and efficient Windows devices to date. “Copilot Plus PCs provide a quantum leap in com.
  21. What significant milestone has the Bombay Stock Exchange (BSE) recently achieved?
    A) Market capitalization of $5 billion
    B) Market capitalization of $5 trillion
    C) Total assets of $5 trillion
    D) Total revenue of $5 billion
    E) None of the above
    View Answer
    Option B
    Explanation:

    The market capitalisation of companies listed on the Bombay Stock Exchange (BSE) has reached a historic $5 trillion as of May 21, marking a fresh high. This achievement is attributed to the ongoing rally in the Indian stock markets, bolstered by firm support from various sectoral indices and positive economic indicators.
  22. Who celebrated a double win by triumphing at both the Emilia-Romagna Grand Prix and a virtual endurance race?
    A) Lewis Hamilton
    B) Max Verstappen
    C) Sebastian Vettel
    D) Charles Leclerc
    E) None of the above
    View Answer
    Option B
    Explanation:

    Max Verstappen celebrated a double win, taking the Emilia-Romagna Grand Prix for Red Bull after earlier being on the triumphant team for a virtual endurance race. It is his fifth win in seven races this year
  23. Satwiksairaj Rankireddy and Chirag Shetty reclaimed the top spot in the BWF Rankings after winning which badminton tournament?
    A) All England Open
    B) Thailand Open Super 500
    C) Japan Open
    D) Indonesia Open
    E) None of the above
    View Answer
    Option B
    Explanation:

    The star Indian men’s badminton duo of Satwiksairaj Rankireddy and Chirag Shetty have regained their top spot in the latest Badminton World Federation (BWF) Rankings after a remarkable victory at the Thailand Open Super 500 in Bangkok.
  24. What key concerns regarding water access and scarcity are highlighted in the recent World Bank report?
    A) Economic disparities and political instability
    B) Technological limitations and inadequate infrastructure
    C) Population growth, rapid urbanization, and climate change
    D) Cultural differences and regional conflicts
    E) None of the above
    View Answer
    Option C
    Explanation:

    Water is a crucial source of prosperity. However, disparities in access to water resources and services are widespread. These challenges, further compounded by population growth, rapid urbanisation, and climate change, pose a significant threat to shared prosperity, according to a new World Bank report. Released at the 10th World Water Forum in Bali, Indonesia, the report emphasises the widening gap in access to water resources and services, with implications for human and economic development worldwide. Despite water being a fundamental source of prosperity, millions continue to face barriers to safe drinking water and sanitation, stated Water For Shared Prosperity released recently.
  25. What recent agreement did RITES Limited, the export arm of Indian Railways, sign with Bangladesh Railways?
    A) Supplying 200 broad-gauge passenger carriages
    B) Constructing a new railway station in Bangladesh
    C) Modernizing existing railway infrastructure in Bangladesh
    D) Training Bangladeshi railway personnel
    E) None of the above
    View Answer
    Option A
    Explanation:

    State-owned RITES Limited signed a contract with Bangladesh Railways to supply 200 broad-gauge passenger carriages to the neighbouring country.The export arm of Indian Railways, RITES, has won the USD 111.26 million (approximately Rs 915 crore) contract, funded by European Investment Bank, through a global competitive bidding process.
  26. What significant agreement has Tata Steel UK recently entered into with National Grid Plc?
    A) Establishing a joint venture for renewable energy projects
    B) Constructing a new steel manufacturing plant in Port Talbot
    C) Building power infrastructure to convert Port Talbot into an electric arc furnace plant
    D) Implementing a carbon capture and storage system at Tata Steel’s facilities
    E) None of the above
    View Answer
    Option C
    Explanation:

    ata Steel has signed an agreement with National Grid Plc’s Electricity System Operator to build the power infrastructure required to switch its Port Talbot site to a green steel project.
  27. Which index listed Mukesh Ambani and Gautam Adani among the top 15 richest people in the world?
    A) Forbes Billionaires List
    B) Bloomberg Billionaires Index
    C) Fortune Global 500
    D) None of these
    E) World’s Billionaires List by Wealth-X
    View Answer
    Option B
    Explanation:

    The richest billionaires in India, Mukesh Ambani and Gautam Adani, have featured in top 15 in the Bloomberg Billionaires Index, which is a list of top 500 richest people in the world. Elon Musk continues to top the index with a net worth of $220 billion, followed by Jeff Bezos at $169 billion.
  28. Who was recently re-elected for another four-year term as President of the Dominican Republic?
    A) Luis Abinader
    B) Danilo Medina
    C) Leonel Fernández
    D) Hipólito Mejía
    E) None of the above
    View Answer
    Option A
    Explanation:

    Dominican Republic President Luis Abinader vows to serve all Dominicans as he’s re-elected for another four-year term, an endorsement of his handling of the economy and tough policies toward migration from Haiti.
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