Sunday, June 23, 2024
Banking QuizCA Quizzes (English)

Current Affairs Quiz: May 26 & 27, 2024

  1. Where was the first batch of Khelo India Sports Hostel and Army Girls Sports Company inaugurated?
    A) New Delhi
    B) Mumbai
    C) Pune
    D) Bangalore
    E) None of the above
    View Answer
    Option C
    Explanation:

    Khelo India Sports Hostel and the Army Girls Sports Company’s first batch were inaugurated at the Army Sports Institute in Pune in the presence of Chief of Army Staff General Manoj Pandey, Director General of Sports Authority of India Sandeep Pradhan, and celebrated athlete Ms. Anju Bobby George.
  2. Which officer recently assumed the role of Commandant at the National Defence Academy in Pune?
    A) Vice Admiral Ajay Kocchar
    B) Vice Admiral Gurcharan Singh
    C) Vice Admiral Rakesh Sharma
    D) Vice Admiral Sanjay Patel
    E) None of the above
    View Answer
    Option B
    Explanation:

    Vice Admiral Gurcharan Singh assumed the appointment of Commandant, National Defence Academy from Vice Admiral Ajay Kocchar in Pune.
  3. How many members of the Border Security Force (BSF) received the Jeevan Raksha Padak (JRP) during the 21st Investiture Ceremony?
    A) 5
    B) 6
    C) 7
    D) 8
    E) 4
    View Answer
    Option 7
    Explanation:

    Border Security Force- BSF is celebrating its 21st Investiture Ceremony in New Delhi on 24th May 2024. BSF personnel were awarded medals and honoured by Sh Ajit Doval, KC, National Security Advisor who presided over the 21st BSF Investiture Ceremony as the Chief Guest. Total 17 members of the Force were decorated with medals, in which 10 members were awarded with Police Medals for Gallantry (PMG) and 07 members were awarded with Jeevan Raksha Padak (JRP).
  4. In an effort to enhance its currency, Maldives is planning to adopt a financial service from India. What is the name of this service?
    A) Mastercard
    B) Visa
    C) RuPay
    D) American Express
    E) None of the above
    View Answer
    Option C
    Explanation:

    Maldives is set to introduce India’s RuPay service. The move is being seen to bolster the Maldivian Rufiyaa. Meanwhile, there has not been any announcement of timeline for the launch.
  5. What is the current value of India’s foreign exchange (forex) reserves, as reported for the week ending May 17?
    A) $648.7 billion
    B) $649.7 billion
    C) $647.7 billion
    D) $646.7 billion
    E) None of the above
    View Answer
    Option A
    Explanation:

    India’s foreign exchange (forex) reserves jumped 4.549 billion dollars to a new all-time high of 648.7 billion dollars for the week ended May 17. This is the third consecutive week of increase in the overall forex kitty.
  6. Which Indian team won the gold medal in the Compound Women’s Team event at the Archery World Cup Stage 2 held in Yecheon, South Korea?
    A) Men’s Compound Team
    B) Women’s Compound Team
    C) Men’s Recurve Team
    D) Mixed Compound Team
    E) None of the above
    View Answer
    Option B
    Explanation:

    The Indian women’s compound team of Jyothi Surekha Vennam, Parneet Kaur and Aditi Swami grabbed its third successive Archery World Cup gold medal, while the mixed team added a silver at the stage two event in Yecheon, South Korea.
  7. Which Indian state or Union territory registered the highest unemployment rate among urban residents aged 15-29 for the January-March quarter of 2024?
    A) Kerala
    B) Delhi
    C) Jammu & Kashmir
    D) Telangana
    E) None of the above
    View Answer
    Option A
    Explanation:

    According to the latest Periodic Labour Force Survey (PLFS) released by the Ministry of Statistics and Programme Implementation (MOSPI), Kerala had the highest unemployment rate among urban residents aged 15-29 for the January-March quarter of 2024, whereas Delhi had the lowest rate of joblessness.
  8. Which Indian state’s police force has initiated a program to monitor social media platforms for posts related to self-harm, depression, or suicidal intentions?
    A) Uttar Pradesh
    B) Maharashtra
    C) Rajasthan
    D) Karnataka
    E) None of the above
    View Answer
    Option C
    Explanation:

    Rajasthan Police have launched a program to monitor social media platforms such as Facebook and Instagram for posts indicating self-harm, depression, or suicidal intentions.
  9. Who has been approved by the Reserve Bank of India (RBI) as the Part-time Chairman of ICICI Bank, effective July 1, 2024?
    A) G. C. Chaturvedi
    B) Pradeep Kumar Sinha
    C) Ratan Tata
    D) Aditya Puri
    E) None of the above
    View Answer
    Option B
    Explanation:

    The RBI has approved Pradeep Kumar Sinha’s appointment as Part-time Chairman of ICICI Bank, effective July 1, 2024, for a three-year term. Sinha will step into the position vacated by G. C. Chaturvedi, who is due to retire as Non-Executive Part-time Chairman on June 30, 2024, at the close of business hours.
  10. The Reserve Bank of India (RBI) imposed a penalty of Rs 3.1 lakh on which financial institution for non-compliance with certain provisions related to fair practices code?
    A) ICICI Bank
    B) HDFC Bank
    C) Axis Bank
    D) Hero FinCorp Limited
    E) None of the above
    View Answer
    Option D
    Explanation:

    The RBI said it has imposed a penalty of Rs 3.1 lakh on Hero FinCorp Limited for non-compliance with certain provisions relating to fair practices code.
  11. The Government granted a one-month extension in tenure to which Army Chief, beyond his retirement date of May 31, 2024?
    A) Gen. Bipin Rawat
    B) Gen. Manoj Pande
    C) Gen. Dalbir Singh Suhag
    D) Gen. VK Singh
    E) None of the above
    View Answer
    Option B
    Explanation:

    In an unusual move, the Appointments Committee of Cabinet granted one month extension in tenure to Chief of the Army Staff (COAS) Gen Manoj Pande beyond his retirement date, upto June 30, 2024. He was due to retire on May 31 on turning 62 years of age.
  12. Who became the first Indian filmmaker to win the Grand Prix award at the Cannes Film Festival for the film “All We Imagine as Light”?
    A) Deepa Mehta
    B) Mira Nair
    C) Zoya Akhtar
    D) Payal Kapadia
    E) None of the above
    View Answer
    Option D
    Explanation:

    Filmmaker Payal Kapadia scripted history by becoming the first Indian filmmaker to win the Grand Prix award at the Cannes Film Festival for her film “All We Imagine as Light”.
  13. What is the name of the NASA mission that aims to study heat emissions at Earth’s poles?
    A) SOLARIS
    B) PREFIRE
    C) ARCTIC-COOL
    D) POLAR-HEAT
    E) None of the above
    View Answer
    Option B
    Explanation:

    NASA successfully launched the first of a pair of small climate satellites from the Rocket Lab’s Launch Complex 1 in Mahia, New Zealand.

    The mission, dubbed PREFIRE (Polar Radiant Energy in the Far-InfraRed Experiment), aims to study heat emissions at the Earth’s poles, shedding light on the intricate interplay between these regions and global climate change.

  14. Which national team’s goalkeeper, Keylor Navas, recently announced his retirement from international football at the age of 37, ending speculation about his participation in the upcoming Copa America?
    A) Brazil
    B) Argentina
    C) Costa Rica
    D) Mexico
    E) None of the above
    View Answer
    Option A
    Explanation:

    Costa Rica goalkeeper Keylor Navas announced his retirement from international football at the age of 37, putting an end to rumours that he would play in the next Copa America.
  15. Who recently became the first Indian gymnast to win a gold medal at the Asian Gymnastics Championship held in Tashkent, Uzbekistan?
    A) Simone Biles
    B) Dipa Karmakar
    C) Nadia Comăneci
    D) Gabby Douglas
    E) None of the above
    View Answer
    Option B
    Explanation:

    Dipa Karmakar scripted history clinching India’s first-ever gold medal at the Asian Championships in Tashkent, Uzbekistan. The 30-year-old Olympian registered an average score of 13.566 in the women’s pole-vault final.
  16. From which date will the notification of the Cost Inflation Index (CII) for the financial year 2024-25, relevant to assessment year 2025-26, come into effect?
    A) April 1, 2024
    B) April 1, 2025
    C) April 1, 2026
    D) April 1, 2027
    E) None of the above
    View Answer
    Option B
    Explanation:

    The Central Board of Direct Taxes, CBDT has notified the Cost Inflation Index, CII for the financial year 2024- 25 for calculating long-term capital gains. The CII for financial year 2024-25, relevant to assessment year 2025-26, stood at 363. This notification will come into force with effect from the 1st day of April, 2025.
  17. In the fiscal year 2023-24 (FY24), what was the percentage decline in net foreign direct investment (FDI) flows into India compared to the previous fiscal year?
    A) 32.17%
    B) 42.17%
    C) 52.17%
    D) 62.17%
    E) None of the above
    View Answer
    Option D
    Explanation:

    Net foreign direct investment (FDI) flows into India dropped 62.17 per cent to $10.58 billion in 2023-24 (FY24), the lowest since 2007 from $27.98 billion the previous year. This was mainly on account of higher repatriation of capital and Indian companies’ investments abroad.
  18. Where did L&T Technology Services inaugurate a simulation centre of excellence (CoE) for Airbus?
    A) Delhi
    B) Hyderabad
    C) Bengaluru
    D) Chennai
    E) None of the above
    View Answer
    Option C
    Explanation:

    L&T Technology Services inaugurated a simulation centre of excellence (CoE) for Airbus at its Bengaluru campus. The CoE is designed to provide engineering support for Airbus aircraft structural simulation activities across its business units in France, Germany, the UK, and Spain.
  19. Which treaty, related to intellectual property, genetic resources, and associated traditional knowledge, is considered a significant win for India and countries of the global South?
    A) Paris Agreement
    B) WIPO Treaty
    C) Kyoto Protocol
    D) TRIPS Agreement
    E) None of the above
    View Answer
    Option B
    Explanation:

    The World Intellectual Property Organization (WIPO) treaty on intellectual property, Genetic resources and associated traditional knowledge, is a significant win for countries of the global South and for India, which is a mega biodiversity hotspot with abundance of traditional knowledge, and wisdom.
  20. Who won Lithuania’s presidential election, defeating Ingrida Simonyte in the run-off?
    A) Gitanas Nauseda
    B) Ingrida Simonyte
    C) Dalia Grybauskaite
    D) Saulius Skvernelis
    E) None of the above
    View Answer
    Option A
    Explanation:

    Incumbent President Gitanas Nauseda has won Lithuania’s presidential election, beating his rival Ingrida Simonyte in the run-off.
  21. Which team won their third Indian Premier League (IPL) championship after defeating Sunrisers Hyderabad (SRH) in the final at Chennai’s Chepauk Stadium?
    A) Chennai Super Kings
    B) Mumbai Indians
    C) Kolkata Knight Riders
    D) None of these
    E) Royal Challengers Bangalore
    View Answer
    Option C
    Explanation:

    After defeating Sunrisers Hyderabad (SRH) by eight wickets at Chennai’s Chepauk Stadium, Kolkata Knight Riders (KKR) secured their third Indian Premier League (IPL) title and their first in ten years. The Knight Riders only gave up three losses in the IPL 2024, and that’s a record in itself. No other team in IPL history conceded only three games while becoming the champion.
  22. Which ministry set up an inter-ministerial committee to tackle increasing cybercrimes originating from South East Asian countries like Cambodia?
    A) Ministry of Finance
    B) Ministry of External Affairs
    C) Ministry of Home Affairs
    D) Ministry of Information and Broadcasting
    E) None of the above
    View Answer
    Option C
    Explanation:

    The Ministry of Home Affairs (MHA) has set up an inter-ministerial committee of various law enforcement and intelligence agencies to tackle the recent “spurt” in transnational organised cybercrimes being launched against Indians from various South East Asian countries such as Cambodia.
  23. Who has been ranked as America’s second-highest paid CEO in 2023, according to a report by The Wall Street Journal?
    A) Elon Musk
    B) Nikesh Arora
    C) Shantanu Narayen
    D) Jeff Bezos
    E) None of the above
    View Answer
    Option B
    Explanation:

    Nikesh Arora, the India-born CEO of Palo Alto Networks, has been ranked America’s second-highest paid CEO in 2023. A total of 17 Indian-descent CEOs are in the top 500 rankings, according to an analysis published by The Wall Street Journal. Shantanu Narayen of Adobe is the second-highest paid Indian-descent CEO, ranked 11 overall. Arora and Narayen earned $151.43 million and $44.93 million, respectively, more than Tesla’s Elon Musk, who did not receive any compensation in 2023
  24. What is the market capitalization to GDP ratio for India, reaching a 15-year high according to the report?
    A) 95.8%
    B) 105.2%
    C) 120.6%
    D) 140.2%
    E) None of the above
    View Answer
    Option D
    Explanation:

    India’s mcap-to-GDP ratio has hit a 15-year high of 140.2 percent, up sharply from 95.8 percent at the end of March 2023, with the total valuation of all BSE-listed companies reaching $5 trillion or over Rs 414.46 trillion on May 21 as against India’s GDP at current prices of Rs 296.6 trillion in FY24.
  25. What type of aircraft did the Indian Air Force (IAF) successfully land using night vision goggles (NVG) for the first time in the Eastern sector?
    A) IAF MiG-21
    B) IAF Sukhoi Su-30MKI
    C) IAF C-130J
    D) IAF Rafale
    E) None of the above
    View Answer
    Option C
    Explanation:

    The Indian Air Force (IAF) has achieved a significant milestone by successfully landing an aircraft IAF C-130J using night vision goggles (NVG) for the first time on an advanced landing ground in the Eastern sector.
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