Sunday, May 19, 2024
Banking QuizCA Quizzes (English)

Current Affairs Quiz: May 3, 2024

  1. Which country is set to host the 46th Antarctic Treaty Consultative Meeting (ATCM 46) and the 26th Meeting of the Committee for Environmental Protection (CEP 26) in 2024?
    A) Brazil
    B) India
    C) Australia
    D) Canada
    E) None of the above
    View Answer
    Option B
    Explanation:

    The Ministry of Earth Sciences (MoES), Government of India, through the National Centre for Polar and Ocean Research (NCPOR), will host the 46th Antarctic Treaty Consultative Meeting (ATCM 46) and the 26th Meeting of the Committee for Environmental Protection (CEP 26) from May 20 to 30, 2024, in Kochi, Kerala.
  2. Which organization organized the #PlayTrue Campaign in India to commemorate WADA’s Play True Day?
    A) UNESCO
    B) WHO
    C) NADA
    D) UNICEF
    E) None of the above
    View Answer
    Option C
    Explanation:

    The National Anti-Doping Agency (NADA), India concluded #PlayTrue Campaign, with turnout of more than 12,133 participants.
    The campaign commemorated WADA’s Play True Day and aimed at fostering awareness about the importance of clean sport and anti-doping practices in India, received overwhelming participation and support from athletes, coaches, and sports enthusiasts nationwide.
  3. What is the name of the portal launched by the government’s Department of Pension & Pensioners’ Welfare in collaboration with Bank of India?
    A) PensionEase Portal
    B) Pensioners’ Bank Portal
    C) Integrated Pensioners’ Portal
    D) PensionerConnect Portal
    E) None of the above
    View Answer
    Option C
    Explanation:

    The government’s Department of Pension & Pensioners’ Welfare has started a portal in collaboration with Bank of India. The Integrated Pensioners’ Portal of Bank of India combines the pension processing and payment services of five banks into a single window, said the Press Information Bureau (PIB) in a statement.
  4. What is the purpose of the Memorandum of Understanding (MoU) signed between RailTel Corporation of India Limited and Quadrant Future Tek Limited?
    A) To explore and deliver projects related to train collision avoidance system implementation in India and other countries
    B) To enhance passenger comfort and amenities in railway stations
    C) To develop a new high-speed rail network in India
    D) To improve the efficiency of freight transportation by railways
    E) None of the above
    View Answer
    Option A
    Explanation:

    The railways inked an agreement with a tech firm for “exploring and delivering” train collision avoidance system KAVACH implementation projects in India as well as other countries, according to a statement.The Memorandum of Understanding (MoU) for this purpose was signed between RailTel Corporation of India Limited and Quadrant Future Tek Limited.
  5. Which sector has been included in the recent update of the Reserve Bank of India’s (RBI) “guidance note” on operational risk management, extending its coverage beyond commercial banks?
    A) Insurance companies
    B) Stock exchanges
    C) Non-banking financial companies (NBFCs), including housing finance companies
    D) Microfinance institutions
    E) None of the above
    View Answer
    Option C
    Explanation:

    The Reserve Bank of India (RBI) has updated its “guidance note” on operational risk management for the financial sector, and also extended it to the non-banking financial companies (NBFCs), including housing finance companies.
  6. What interest rate did the Reserve Bank of India (RBI) announce for the Government of India Floating Rate Bond 2034 (GOI FRB 2034) for the half-year period from April 30, 2024, to October 29, 2024?
    A) 6%
    B) 7%
    C) 8%
    D) 9%
    E) 5%
    View Answer
    Option C
    Explanation:

    The Reserve Bank of India (RBI) announced an 8 percent interest on Government of India Floating Rate Bond 2034 (GOI FRB 2034) for the half year April 30, 2024 to October 29, 2024.
  7. Which non-banking financial company (NBFC) based in Delhi had its license cancelled by the Reserve Bank of India (RBI) due to regulatory non-compliance?
    A) Delhi Finance Corporation
    B) Acemoney (India)
    C) CapitalPlus NBFC
    D) PrimeCredit Finance Limited
    E) None of the above
    View Answer
    Option B
    Explanation:

    The Reserve Bank of India (RBI) cancelled the licence of Acemoney (India), a Delhi-based non-banking financial company (NBFC), citing irregular lending practices.
  8. How much did credit card spending increase year-on-year in India during the financial year 2023-24, according to recent data released by the Reserve Bank of India (RBI)?
    A)10%
    B) 15%
    C) 20%
    D) 27%
    E) 37%
    View Answer
    Option D
    Explanation:

    Credit card spending in India saw a significant surge in the financial year 2023-24, according to recent data released by the Reserve Bank of India (RBI). Year-on-year, credit card spends increased by 27%, reaching Rs 18.26 lakh crore compared to nearly Rs 14 lakh crore in the previous year.
  9. With which financial services provider did YES Bank collaborate to introduce two co-branded credit cards named Pi and Phi?
    A) Axis Bank
    B) HDFC Bank
    C) ICICI Bank
    D) ANQ
    E) None of the above
    View Answer
    Option D
    Explanation:

    YES Bank has partnered with Bengaluru-based financial services provider, ANQ, to unveil two co-branded credit cards — Pi and Phi.
  10. Which investors have backed the neobanking startup Fi, enabling it to secure a non-banking finance company (NBFC) license from the Reserve Bank of India?
    A) HDFC Bank and ICICI Bank
    B) Peak XV and Temasek
    C) Axis Bank and Kotak Mahindra Bank
    D) SBI and PNB
    E) None of the above
    View Answer
    Option B
    Explanation:

    Neobanking startup Fi, backed by investors such as Peak XV and Temasek, has secured a non-banking finance company (NBFC) licence from the Reserve Bank of India, enabling it to provide loans from its own books.
  11. In April 2024, what was the Gross Goods and Services Tax (GST) collection figure in India?
    A) ₹1.90 lakh crore
    B) ₹2.00 lakh crore
    C) ₹2.10 lakh crore
    D) None of these
    E) ₹2.20 lakh crore
    View Answer
    Option C
    Explanation:

    The Gross Goods and Services Tax (GST) collections hit a record high in April 2024 at ₹2.10 lakh crore. This represents a significant 12.4% year-on-year growth, driven by a strong increase in domestic transactions (up 13.4%) and imports (up 8.3%).
  12. What change did the Indian government implement regarding the windfall tax on petroleum crude effective from May 1?
    A) Increased to 9,600 Indian rupees per metric ton
    B) Reduced to 8,400 Indian rupees per metric ton
    C) Doubled to 16,800 Indian rupees per metric ton
    D) None of these
    E) Increased to 8,400 Indian rupees per metric ton
    View Answer
    Option B
    Explanation:

    India has cut its windfall tax on petroleum crude to 8,400 Indian rupees ($100.66) a metric ton from 9,600 rupees with effect from May 1, the government said
  13. Which IT company has recently announced a partnership with Spain-based Atento to deliver generative AI-powered solutions and services to global enterprises?
    A) Wipro
    B) TCS (Tata Consultancy Services)
    C) Infosys
    D) Tech Mahindra
    E) None of the above
    View Answer
    Option D
    Explanation:

    IT company Tech Mahindra said it has partnered with Spain-based Atento to provide generative AI-powered solutions and services to global enterprises.

  14. Which cricket teams will be sponsored by Indian dairy giant Amul during the T20 World Cup in June, as announced by the cricket boards of the respective teams?
    A) India and Australia
    B) Pakistan and England
    C) USA and South Africa
    D) None of these
    E) Sri Lanka and Bangladesh
    View Answer
    Option C
    Explanation:

    Indian dairy giant Amul will sponsor USA and South Africa during the T20 World Cup in June, the cricket boards of the respective teams announced.
  15. Which football club was confirmed as the Ligue 1 champions for the 12th time after AS Monaco lost 3-2 at Olympique Lyonnais?
    A) Olympique de Marseille
    B) AS Monaco
    C) Paris St Germain (PSG)
    D) Lyon
    E) None of the above
    View Answer
    Option C
    Explanation:

    Paris St Germain were confirmed as Ligue 1 champions for a record-extending 12th time after second-placed AS Monaco lost 3-2 at Olympique Lyonnais.
  16. Who emerged victorious in the men’s and women’s categories at the 16th edition of the Tata Consultancy Services (TCS) World 10K Bengaluru?
    A) Peter Mwaniki and Lilian Kasait
    B) Eliud Kipchoge and Brigid Kosgei
    C) Joshua Cheptegei and Hellen Obiri
    D) Geoffrey Kamworor and Faith Chepngetich
    E) None of the above
    View Answer
    Option A
    Explanation:

    The 16th edition of the Tata Consultancy Services (TCS) World 10K Bengaluru witnessed a display of exceptional athleticism as Kenyan runners, Peter Mwaniki and Lilian Kasait, claimed victory in the men’s and women’s categories respectively.
  17. Who recently assumed the position of Air Officer Commanding-in-Chief (AOC-in-C) of the Training Command (TC)?
    A) Air Marshal Rakesh Kumar Singh Bhadauria
    B) Air Marshal Nagesh Kapoor
    C) Air Chief Marshal Birender Singh Dhanoa
    D) Air Chief Marshal Rakesh Bhadauria
    E) None of the above
    View Answer
    Option B
    Explanation:

    Air Marshal Nagesh Kapoor assumed the appointment of Air Officer Commanding-in-Chief (AOC-in-C) Training Command (TC).
  18. Who recently assumed the position of Vice Chief of the Naval Staff, known for expertise in communication and electronic warfare?
    A) Vice Admiral Karambir Singh
    B) Vice Admiral Krishna Swaminathan
    C) Vice Admiral Ajendra Bahadur Singh
    D) Vice Admiral G. Ashok Kumar
    E) None of the above
    View Answer
    Option B
    Explanation:

    Vice Admiral Krishna Swaminathan, known for his expertise in communication and electronic warfare, assumed charge as Vice Chief of the Naval Staff.
  19. Who was appointed as the Director General of the National Institute of Solar Energy (NISE), an autonomous body under the Ministry of New and Renewable Energy (MNRE), coming from the electrical engineering department at Aligarh Muslim University?
    A) Prof. Mohammad Rihan
    B) Prof. Anil K. Rajvanshi
    C) Prof. R.K. Singh
    D) Prof. Ashok Misra
    E) None of the above
    View Answer
    Option A
    Explanation:

    Aligarh Muslim University Prof. Mohammad Rihan, of the electrical engineering department, was appointed director general of the National Institute of Solar Energy (NISE), an autonomous body under the ministry of new and renewable energy (MNRE).
  20. Who has been appointed as the Managing Director & CEO designate for Mahindra and Mahindra Financial Services Limited (MMFSL), set to assume office upon the retirement of Ramesh Iyer on April 29, 2024?
    A) Ramesh Iyer
    B) Raul Rebello
    C) Anand Mahindra
    D) Pawan Goenka
    E) None of the above
    View Answer
    Option B
    Explanation:

    The Board of Directors of Mahindra and Mahindra Financial Services Limited (MMFSL Company) announced Raul Rebello as the MD & CEO designate for MMFSL. Raul will take over as MD & CEO when Ramesh Iyer retires, on 29th April 2024.
  21. Who has been elected as the new Prime Minister of the Solomon Islands by the legislators, formerly serving as the Foreign Minister?
    A) John Moffat Fugui
    B) Manasseh Sogavare
    C) Jeremiah Manele
    D) Rick Houenipwela
    E) None of the above
    View Answer
    Option C
    Explanation:

    Legislators in the Solomon Islands have elected former Foreign Minister Jeremiah Manele as their new prime minister.
  22. Who won the 2024 Oxford Bookstore Book Cover Prize for designing the cover of “The Book Beautiful” written by Pradeep Sebastian and published by Hachette India?
    A) Bhavi Mehta
    B) Pradeep Sebastian
    C) Hachette India
    D) Oxford Bookstores
    E) None of the above
    View Answer
    Option A
    Explanation:

    Oxford Bookstores announced Bhavi Mehta as the winner of the 2024 Oxford Bookstore Book Cover Prize. She won the prize for designing The Book Beautiful written by Pradeep Sebastian and published by Hachette India.
  23. Where was the Supersonic Missile-Assisted Release of Torpedo (SMART) system successfully flight-tested from?
    A) Chandipur, Odisha
    B) Pokhran, Rajasthan
    C) Dr. APJ Abdul Kalam Island, Odisha
    D) Sri harikota, Andhra Pradesh
    E) None of the above
    View Answer
    Option C
    Explanation:

    Supersonic Missile-Assisted Release of Torpedo (SMART) system was successfully flight-tested from Dr APJ Abdul Kalam Island off the coast of Odisha.
  24. What significant announcement was made by Pakistan’s Institute of Space Technology (IST) regarding its space program?
    A) Launch of a satellite into geostationary orbit
    B) Deployment of a space telescope
    C) Sending an astronaut to the International Space Station (ISS)
    D) Launch of its first-ever lunar mission “iCube-Q” aboard China’s Chang’e 6 lunar probe
    E) None of the above
    View Answer
    Option D
    Explanation:

    Providing a boost to its space program, Pakistan will soon witness the launch of its first-ever lunar mission. Pakistan’s Institute of Space Technology (IST) said that the lunar mission iCube-Q will be launched on May 3 aboard China’s Chang’e 6 lunar probe.
  25. What significant finding was reported by paleontologists from Argentina regarding a newly discovered dinosaur species?
    A) Uncovering fossils of a large carnivorous dinosaur in the Andes Mountains
    B) Finding traces of a flying reptile in the Atacama Desert
    C) Discovering a medium-sized herbivorous dinosaur in Patagonia
    D) Identifying remnants of a small herbivorous dinosaur in the Amazon Rainforest
    E) A flying reptile in the Atacama Desert
    View Answer
    Option C
    Explanation:

    Palaeontologists from Argentina announced the discovery of a new medium-sized herbivorous dinosaur, which was a fast runner and lived about 90 million years ago in the Late Cretaceous period in present day Patagonia.
  26. Who recently passed away at the age of 72, leaving a notable legacy in journalism, particularly for his role as Publisher and Editor of Daily Hindi Milap and his advocacy for the Hindi language in the South?
    A) Vinay Vir
    B) Rajesh Sharma
    C) Deepak Chopra
    D) Amitabh Sinha
    E) None of the above
    View Answer
    Option A
    Explanation:

    Renowned journalist, Publisher and Editor of Daily Hindi Milap Vinay Vir, who raised the flag of Hindi in the South, passed away. He was 72-years-old.

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