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Banking QuizCA Quizzes (English)

Current Affairs Quiz: May 28, 2024

  1. Which state topped the list for the addition of transmission lines by state transmission companies in 2023-24 according to the Central Electricity Authority?
    A) Gujarat
    B) Tamil Nadu
    C) Maharashtra
    D) Uttar Pradesh
    E) None of the above
    View Answer
    Option D
    Explanation:

    According to the recently released statistics of the Central Electricity Authority, Uttar Pradesh emerged as the number one state in terms of the addition of transmission lines by state transmission companies in 2023-24. In 2022-23 also, Uttar Pradesh topped the list amongst the state utilities.
  2. Which commodity became the fourth-largest export item from India in FY24 with a 42% growth?
    A) Motor gasoline
    B) Petroleum products
    C) Smartphones
    D) Textiles
    E) None of the above
    View Answer
    Option C
    Explanation:

    Smartphones are now the fourth-largest export item from India with 42 per cent growth to $15.6 billion in FY24, up by one notch in the ranking from the preceding year.
  3. Which two banks were penalized by the Reserve Bank of India (RBI) for non-compliance with regulatory directives?
    A) State Bank of India and HDFC Bank
    B) YES Bank and ICICI Bank
    C) Punjab National Bank and Axis Bank
    D) Kotak Mahindra Bank and Bank of Baroda
    E) None of the above
    View Answer
    Option B
    Explanation:

    The Reserve Bank of India (RBI) imposed monetary penalties on two prominent banks, YES Bank Ltd and ICICI Bank Ltd, for non-compliance with regulatory directives.
  4. Which company recently finalized a deal to sell its minority stake in Tata Play, a subscription television broadcaster, to the Tata Group, resulting in the Tata Group gaining full control of Tata Play?
    A) Amazon
    B) Walt Disney
    C) Netflix
    D) Google
    E) None of the above
    View Answer
    Option B
    Explanation:

    Walt Disney has finalised a deal to sell its minority stake in the subscription television broadcaster Tata Play to the Tata Group, according to a report by Bloomberg.The transaction values the satellite TV provider, Tata Play, at about $1 billion. The Tata Group took full control of the platform after buying the 29.8 per cent stake from Disney.
  5. Who, at the age of 55, achieved the remarkable feat of becoming the oldest Indian woman to conquer Mount Everest?
    A) Priya Sharma
    B) Anjali Patel
    C) Ritu Singh
    D) Jyoti Ratre
    E) None of the above
    View Answer
    Option D
    Explanation:

    Seven years after being rejected from all mountaineering training institutes in the country due to her age, Jyoti Ratre conquered Mount Everest at 55 and became the oldest Indian woman to do so.
  6. During which event were 64 Great Indian Bustards spotted in the National Desert Park, Jaisalmer, Rajasthan?
    A) Annual Wildlife Census
    B) Waterhole Survey
    C) Bird Watching Expedition
    D) Wildlife Photography Tour
    E) None of the above
    View Answer
    Option B
    Explanation:

    64 Great Indian Bustard was spotted during the annual waterhole survey conducted in the National Desert Park, Jaisalmer, Rajasthan. In the last 2022 census, 42 birds were counted using the waterhole technique No census was conducted in 2023 due to rains caused by the western disturbances.
  7. Who was granted a one-year extension as the Chairman of the Defence Research and Development Organisation (DRDO)?
    A) Samir V. Kamat
    B) Rajesh Sharma
    C) Amit Patel
    D) Priya Singh
    E) None of the above
    View Answer
    Option A
    Explanation:

    The Appointments Committee of the Cabinet granted an extension of one year to Dr Samir V. Kamat, who is the Chairman of the Defence Research and Development Organisation (DRDO).
  8. Which organization has the Indian Army collaborated with to incorporate green and sustainable transport solutions?
    A) Bharat Petroleum Corporation Limited (BPCL)
    B) Reliance Industries Limited (RIL)
    C) Indian Oil Corporation Limited (IOCL)
    D) Hindustan Petroleum Corporation Limited (HPCL)
    E) None of the above
    View Answer
    Option C
    Explanation:

    The Indian Army has collaborated with the Indian Oil Corporation Limited (IOCL) for incorporating green and sustainable transport solutions in the force. A Memorandum of Understanding (MoU) was signed between the Army and the IOCL.
  9. Which organization has partnered with the Algorand Foundation to launch the first layer one blockchain protocol-backed Application Developer Course on NASSCOM’s FutureSkills Prime platform?
    A) IBM
    B) Microsoft
    C) AlgoBharat
    D) Google
    E) None of the above
    View Answer
    Option C
    Explanation:

    AlgoBharat, Algorand Foundation’s India-focused initiative, announced that it officially launching the first layer one blockchain protocol backed Application Developer Course on NASSCOM’s FutureSkills Prime platform.
  10. PhonePe’s Pincode, a store-first commerce app, has partnered with which retailer to expand its online customer base?
    A) Big Bazaar
    B) Reliance Fresh
    C) Simpli Namdhari’s
    D) Spencer’s
    E) None of the above
    View Answer
    Option C
    Explanation:

    Pincode, a homegrown store-first commerce app by PhonePe has reportedly announced it’s partnered with Simpli Namdhari’s, one of the country’s 100 per cent veg omnichannel retailers, to reach a larger online customer base.
  11. How much financial assistance has the Centre sanctioned to tackle Kerala’s economic crisis?
    A) Rs 12,357 crore
    B) Rs 18,942 crore
    C) Rs 21,253 crore
    D) Rs 15,610 crore
    E) None of the above
    View Answer
    Option C
    Explanation:

    Prime Minister Narendra Modi has come forward to assist Kerala in a bid to alleviate the state from the economic crisis as the Centre has sanctioned borrowings up to Rs 21,253 crores. It was announced by Rajeev Chandrasekhar, Minister of State for Electronics and Information Technology.
  12. Which organization led the development of two healthcare technologies to reduce the reliance on imports, with funding from the Ministry of Electronics and Information Technology (MeitY)?
    A) Society for Applied Microwave Electronics Engineering and Research (SAMEER)
    B) Centre for Development of Advanced Computing (C-DAC)
    C) Inter University Accelerator Centre (IUAC)
    D) Dayanand Sagar Institute (DSI)
    E) None of the above
    View Answer
    Option A
    Explanation:

    The Ministry of Electronics and Information Technology (MeitY) led the development of two healthcare technologies to reduce the reliance on imports. MeitY has funded these projects to boost domestic technology capabilities in healthcare.
    Both the healthcare instruments namely, a 1.5 Tesla MRI scanner and a 6 MEV Linear Accelerator are developed with the participation of the Society for Applied Microwave Electronics Engineering and Research (SAMEER) as the implementing agency, in collaboration (MRI) with Centre for Development of Advanced Computing (C-DAC), Trivendrum and Kolkata, Inter University Accelerator Centre (IUAC) and Dayanand Sagar Institute (DSI).
  13. Barcelona recently clinched its third Women’s Champions League title in four years by defeating which opponent?
    A) Bayern Munich
    B) Manchester City
    C) Lyon
    D) Paris Saint-Germain
    E) None of the above
    View Answer
    Option C
    Explanation:

    With a triumph over the rival it could never beat, Barcelona made it clear who’s in charge of women’s soccer.Barcelona ended its losing streak against the game’s most successful club, beating Lyon 2-0 to clinch its third Women’s Champions League title in four years.
  14. During his visit to the National Aerospace Laboratories in Bengaluru, Vice President Jagdeep Dhankhar inaugurated which center?
    A) Centre for Aviation Technology
    B) Centre for Aerospace Innovation
    C) Centre for Carbon Fiber and Prepregs
    D) Centre for Aerospace Engineering
    E) None of the above
    View Answer
    Option C
    Explanation:

    Vice President Jagdeep Dhankhar inaugurated the Centre for Carbon Fiber and Prepregs during his visit to National Aerospace Laboratories in Bengaluru. He witnessed the innovations in aviation technology promoted by NAL. He saw the flying display of the Hansa NG, the indigenous flying trainer and SARAS multipurpose aircraft designed and developed by NAL.
  15. What is the goal of the new ‘Investment Round’ launched by the World Health Organization (WHO)?
    A) To raise funds for global health research
    B) To raise funds for humanitarian aid
    C) To raise funds to tackle global challenges such as climate change, displacement, poverty, and inequality
    D) To raise funds for COVID-19 vaccine distribution
    E) None of the above
    View Answer
    Option C
    Explanation:

    The World Health Organization (WHO) has launched a new ‘Investment Round’ aiming to raise 7 billion dollars of funds to support countries to tackle challenges like climate change, displacement, poverty and inequality.
  16. From when will the new tick size of one paisa be applicable for stocks priced below Rs 250, as announced by the National Stock Exchange (NSE)?
    A) May 10, 2024
    B) June 1, 2024
    C) June 10, 2024
    D) July 1, 2024
    E) None of the above
    View Answer
    Option C
    Explanation:

    The National Stock Exchange (NSE) announced that it is introducing one paisa tick size for all the stocks in the price range of Rs 250 and under. The new tick size will be applicable from June 10, 2024. This development comes amidst an effort to increase liquidity and improve price discovery by making room for much more precise price adjustments. Currently, the tick size for the stocks is five paise and this has been now reduced to 1 paisa.
  17. Which regulatory authority imposed a financial penalty of 10 million rand on the State Bank of India’s South Africa branch?
    A) South African Revenue Service
    B) Financial Services Board of South Africa
    C) Prudential Authority of the South African Reserve Bank
    D) Competition Commission of South Africa
    E) None of the above
    View Answer
    Option C
    Explanation:

    The Prudential Authority of the South African Reserve Bank has imposed a financial penalty of 10 million rand (₹4.5 crore) on the State Bank of India’s South Africa branch, the bank said. This penalty was imposed under Section 45C of the country’s Financial Intelligence Centre Act 38 of 2001 (FIC Act) for non-compliance with certain provisions of the FIC Act or other related orders or directives.
  18. What is the revised GDP growth forecast for India in 2024 by Goldman Sachs?
    A) 6.5%
    B) 6.6%
    C) 6.7%
    D) 6.8%
    E) None of the above
    View Answer
    Option C
    Explanation:

    Goldman Sachs has revised its GDP forecast for India, raising it by 10 basis points to 6.7 per cent for 2024. The adjustment comes as the global financial institution anticipates sustained growth momentum and increased fiscal space due to a higher-than-expected dividend transfer from the Reserve Bank of India (RBI).
  19. Who emerged as the champion of the Sharjah Challengers 2024?
    A) Daneshvar
    B) Divya Deshmukh
    C) Arjun
    D) Leya Garifullina
    E) None of the above
    View Answer
    Option B
    Explanation:

    International Master Divya Deshmukh of Nagpur emerged champion of the Sharjah Challengers 2024, the other day. In the final round, Divya played out a draw against IM Leya Garifullina to emerge winner. Arjun became the sole Indian to make a top ten finish in the Masters. He secured seventh place.
  20. Who emerged as the winner of the Malaysia Masters 2024 men’s singles final, and who was the opponent?
    A) Viktor Axelsen; Lee Zii Jia
    B) Lee Zii Jia; Viktor Axelsen
    C) Kento Momota; Chen Long
    D) Chen Long; Kento Momota
    E) None of the above
    View Answer
    Option A
    Explanation:

    Two-time Olympic medallist P. V. Sindhu lost to Wang Zhi Yi of China in the Malaysia Masters finals in Kuala Lumpur, Malaysia. World number one Viktor Axelsen captured the Malaysia Masters crown on Sunday, edging out home favourite Lee Zii Jia 21-6, 20-22, 21-13, to secure his maiden silverware of the year.
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