Saturday, July 13, 2024
Banking QuizCA Quizzes (English)

Current Affairs Quiz: May 5 & 6, 2024

  1. Which Indian state surpassed Karnataka in total private equity investments for the fiscal year 2023-24?
    A) Karnataka
    B) Haryana
    C) Maharashtra
    D) Tamil Nadu
    E) Telangana
    View Answer
    Option C
    Explanation:

    Maharashtra has emerged as the top state, surpassing Karnataka in total money flow for the fiscal year 2023-24 in terms of private equity investments (PE funds) in India. In 2022-23, Karnataka has topped the list for maximum PE investments in the state.
  2. What is the primary objective of the Nakshatra Sabha campaign launched by the Uttarakhand Tourism Development Board and Starscapes?
    A) To promote adventure sports in Uttarakhand
    B) To encourage sustainable tourism practices in the region
    C) To provide an all-inclusive Astro Tourism experience
    D) To preserve and promote local culture and heritage
    E) None of the above
    View Answer
    Option C
    Explanation:

    The Uttarakhand Tourism Development Board and an astro-tourism company, Starscapes collaboratively launched Nakshatra Sabha, India’s first Astro tourism campaign. The major aim of this campaign is to provide an all-inclusive Astro Tourism experience to people of India and abroad.
  3. Which ministry granted a no objection certificate to the Uttar Pradesh Government for renaming eight railway stations in Amethi district?
    A) Ministry of Railways
    B) Ministry of Home Affairs
    C) Ministry of Culture
    D) Ministry of Transport
    E) None of the above
    View Answer
    Option B
    Explanation:

    The Union Ministry of Home affairs issued a no objection certificate to the Uttar Pradesh Government’s proposal for renaming eight railway stations in Amethi district after local temples, saints, idols and freedom fighters.
  4. A) India
    B) South Korea
    C) Thailand
    D) Japan
    E) Both B and C
    View Answer
    Option E
    Explanation:

    South Korea and Thailand have achieved universal health coverage, others lag behind with India having the lowest health insurance coverage among older people at 21%, a report titled ‘Aging Well In Asia’ prepared by ADB said.
  5. What measure did the Reserve Bank of India (RBI) introduce to manage the risk associated with the T+1 settlement regime for stocks in its revised guidelines for custodian banks regarding Irrevocable Payment Commitments (IPCs)?
    A) Imposing stricter eligibility criteria for custodian banks
    B) Increasing the maximum intraday risk allowed for custodian banks
    C) Extending the validity period of IPCs issued by custodian banks
    D) Enhancing the capital adequacy requirements for custodian banks
    E) None of the above
    View Answer
    Option B
    Explanation:

    The Reserve Bank of India (RBI) has revised the guidelines for custodian banks to issue Irrevocable Payment Commitments (IPCs) in light of the T+1 settlement regime for stocks. The maximum intraday risk to the custodian banks issuing IPCs would be considered as capital market exposure (CME) at 30 per cent of the settlement amount.
  6. Under the framework introduced by the Securities and Exchange Board of India (Sebi) for the administration and supervision of research analysts and investment advisers, what specific authorization can a stock exchange receive?
    A) Recognition as Regulatory Authority for Analysts and Advisers (RAAA)
    B) Certification as Research Analyst and Investment Adviser Oversight Body (RAIAOB)
    C) Designation as Research Analyst Administration and Supervisory Body (RAASB)
    D) Accreditation as Investment Adviser Regulatory Entity (IARE)
    E) None of the above
    View Answer
    Option C
    Explanation:

    Markets regulator Sebi came out with a framework for administration and supervision of research analysts and investment advisers, whereby a stock exchange can be authorised to oversee and manage such entities.
    In a circular, Sebi said a stock exchange should be granted recognition as RAASB (Research Analyst Administration and Supervisory Body) and IAASB (Investment Adviser Administration and Supervisory Body).
  7. Which aircraft did Air India recently introduce on the Delhi-Dubai route, marking its international debut?
    A) Boeing 787 Dreamliner
    B) Airbus A330neo
    C) Airbus A350-900
    D) Boeing 777X
    E) None of the above
    View Answer
    Option C
    Explanation:

    In a milestone for the revamped national carrier, Air India commenced operations of its brand-new Airbus A350-900 aircraft on the busy Delhi-Dubai route from May 1st, marking the flagship plane’s international debut. With this, Air India becomes the only carrier to operate the A350 between India and Dubai.
  8. Which telecom operators contributed to the marginal growth in the subscriber base in India, according to the report released by the Telecom Regulatory Authority of India (Trai)?
    A) Vodafone Idea and BSNL
    B) Reliance Jio and Bharti Airtel
    C) MTNL and Tata Teleservices
    D) Aircel and Telenor
    E) None of the above
    View Answer
    Option B
    Explanation:

    Telecom subscriber base in the country grew marginally to 119.9 crore in March due to new additions by Reliance Jio and Bharti Airtel, according to a Trai report released.
  9. Which mineral’s production experienced significant growth in the fiscal year 2023-24, constituting a substantial portion of the total mineral production by value?
    A) Copper Concentrate
    B) Gold
    C) Iron ore
    D) Limestone
    E) Both C and D
    View Answer
    Option E
    Explanation:

    Iron ore and Limestone together account for about 80% of the total MCDR mineral production by value. Production of these key minerals in the country has exhibited high growth in FY 2023-24 as per provisional figures.
  10. What recent development has occurred in the crop nutrition portfolio of Indian Farmers Fertilizer Cooperative Limited (IFFCO), as per the approval of the Fertilizer Control Order (FCO)?
    A) Introduction of organic fertilizers
    B) Addition of zinc liquid and nano copper liquid products
    C) Expansion into agricultural machinery manufacturing
    D) Launch of soil testing services
    E) None of the above
    View Answer
    Option B
    Explanation:

    Indian Farmers Fertilizer Cooperative Limited (IFFCO) has added another innovative product to its crop nutrition portfolio with the approval of zinc liquid and nano copper liquid by the Fertilizer Control Order (FCO).
  11. Where did REC Limited receive regulatory approval to set up its wholly owned subsidiary, as announced by the Reserve Bank of India (RBI)?
    A) Mumbai
    B) New Delhi
    C) Gandhinagar
    D) Bangalore
    E) None of the above
    View Answer
    Option C
    Explanation:

    REC Limited, a Maharatna Central Public Sector Enterprise under the Ministry of Power and a leading NBFC, has received a ‘No Objection Certificate’ from the Reserve Bank of India(RBI) , for setting up a wholly owned subsidiary in International Financial Services Centre (IFSC), Gujarat International Finance Tec-City (“GIFT”), Gandhinagar, Gujarat.
  12. In which stadium did Japan secure their victory against Uzbekistan in the AFC U-23 Asian Cup final, clinching their second championship title?
    A) Tokyo National Stadium
    B) Yokohama International Stadium
    C) Saitama Stadium 2002
    D) Jassim bin Hamad Stadium
    E) None of the above
    View Answer
    Option D
    Explanation:

    Japan have become the first two-time champions of the AFC U-23 Asian Cup after beating Uzbekistan 1-0 in a thrilling final at Jassim bin Hamad Stadium in Doha, Qatar. Japan had earlier won the tournament title in 2016.
  13. In which event did Alexandre Pantoja successfully defend his flyweight championship title by outpointing Steve Erceg?
    A) UFC 301
    B) UFC 300
    C) UFC 302
    D) None of these
    E) UFC 303
    View Answer
    Option A
    Explanation:

    Hometown champion Alexandre Pantoja unanimously outpointed Australian Steve Erceg to retain his flyweight championship at UFC 301.
  14. At which event did Tejaswin Shankar secure victory in the men’s High Jump competition?
    A) World Athletics Championships
    B) USATF Festival
    C) Olympic Games
    D) Commonwealth Games
    E) None of the above
    View Answer
    Option B
    Explanation:

    India’s Tejaswin Shankar clinched victory in the men’s High Jump event at the USATF Festival in Tucson, Arizona, USA.
    The National record holder Tejaswin cleared 2.23 metres in his first attempt to secure the top spot at the World Athletics Continental Tour – Silver event. With this jump, he equaled his season-best effort.
  15. Who has been appointed as the Managing Director (MD) & Chief Executive Officer (CEO) of Ujjivan Small Finance Bank, with approval from the Reserve Bank of India (RBI)?
    A) Sanjeev Nautiyal
    B) Ramesh Kumar
    C) Anil Sharma
    D) Priya Singh
    E) None of the above
    View Answer
    Option A
    Explanation:

    Ujjivan Small Finance Bank said that Reserve bank of India (RBI) has approved the appointment of Sanjeev Nautiyal as the managing director (MD) & chief executive officer (CEO) of the bank for the period of 3 years with effect from 1 July 2024.
  16. Who has been appointed as the Chairperson of the Special Olympics Asia Pacific Advisory Council for a three-year term?
    A) Dr. Mallika Nadda
    B) Mr. Rahul Kumar
    C) Ms. Neha Gupta
    D) Mr. Arjun Patel
    E) None of the above
    View Answer
    Option A
    Explanation:

    Dr Mallika Nadda, President of Special Olympics Bharat, has been appointed as the chairperson of the Special Olympics Asia Pacific Advisory Council, for a period of three years.
  17. Who has recently assumed the position of Chairman-cum-Managing Director (CMD) of National Small Industries Corporation Limited (NSIC)?
    A) Dr. Subhransu Sekhar Acharya
    B) Mr. Anil Kumar Singh
    C) Ms. Neha Sharma
    D) Mr. Rajesh Patel
    E) None of the above
    View Answer
    Option A
    Explanation:

    Dr Subhransu Sekhar Acharya has assumed charge as Chairman-cum-Managing Director (CMD) of National Small Industries Corporation Limited (NSIC) on May 2.
  18. Who has resigned from the position of President & Chief Operating Officer of One97 Communications Limited (OCL), the company that owns the brand Paytm?
    A) Neha Singh
    B) Rajesh Sharma
    C) None of these
    D) Bhavesh Gupta
    E) Anil Kumar
    View Answer
    Option D
    Explanation:

    One97 Communications Limited (OCL), which owns the brand Paytm, announced the resignation of its President & Chief Operating Officer Bhavesh Gupta and his moving into an advisory role in the CEO office post May 31.
  19. Who has been mandated by the Union Government to assume the position of Secretary (at the Director level) of the National Jute Board in Kolkata under the Ministry of Textiles?
    A) Neha Sharma
    B) Rajesh Kumar
    C) None of these
    D) Anil Patel
    E) Shashi Bhushan Singh
    View Answer
    Option E
    Explanation:

    The Union Government, through an order issued from the Department of Personnel and Training (DoPT), mandated Mr. Shashi Bhushan Singh to assume office as the new Secretary (at the Director level) of the National Jute Board in Kolkata under the Ministry of Textiles for a period of five years or until further orders, whichever transpires earlier.
  20. Who has been announced as the new National Ambassador for Unicef India, after previously serving as a Celebrity Advocate for the organization?
    A) Kareena Kapoor Khan
    B) Priyanka Chopra Jonas
    C) Deepika Padukone
    D) Aishwarya Rai Bachchan
    E) None of the above
    View Answer
    Option A
    Explanation:

    Unicef India announced Bollywood star Kareena Kapoor Khan as its new National Ambassador. Kareena had earlier served as a Celebrity Advocate for Unicef India.
  21. Who has been named as the laureates of the 2024 UNESCO/Guillermo Cano World Press Freedom Prize?
    A) Chilean journalists reporting on corruption
    B) None of the above
    C) Palestinian journalists covering Gaza
    D) Indian journalists advocating for press freedom
    E) Nigerian journalists promoting investigative journalism
    View Answer
    Option C
    Explanation:

    Palestinian journalists covering Gaza have been named as laureates of the 2024 UNESCO/Guillermo Cano World Press Freedom Prize, following the recommendation of an International Jury of media professionals. The Award Ceremony taken place the margins of the World Press Freedom Conference in Santiago, Chile.
  22. Who has won her second Whitley Gold Award, also known as the Green Oscar, for her conservation efforts focused on the endangered bird species, Hargila or Greater Adjutant Stork, and its wetland habitat?
    A) Dr. Purnima Devi Barman
    B) Dr. Anil Kumar Singh
    C) Ms. Neha Sharma
    D) Mr. Rajesh Patel
    E) None of these
    View Answer
    Option A
    Explanation:

    Dr Purnima Devi Barman, a wildlife biologist from Assam, has won her second Whitley Gold Award, also known as the Green Oscar. She was honoured for her conservation effort of the endangered bird, Hargila or Greater Adjutant Stork and its wetland habitat.
  23. Which country recently launched a lunar probe mission to collect samples from the far side of the moon for the first time and bring them back to Earth for scientific studies?
    A) United States
    B) Russia
    C) China
    D) India
    E) None of the above
    View Answer
    Option C
    Explanation:

    China launched a lunar probe mission to collect samples for the first time from the far side of the moon and bring them to Earth for scientific studies.
  24. What is the name of India’s first indigenous bomber UAV (Unmanned Aerial Vehicle) aircraft developed by Flying Wedge Defence, a leading company in India’s defense and aerospace technology sector?
    A) FWD-100A
    B) FWD-200B
    C) FWD-300C
    D) FWD-400D
    E) None of the above
    View Answer
    Option B
    Explanation:

    India’s first indigenous bomber UAV aircraft- FWD-200B developed by Flying Wedge Defence, one of the pioneers in India’s defence and aerospace technology sector, was unveiled.
  25. Which organization developed the indigenous thermal smart camera technology under The Intelligent Transportation System Endeavor (InTranSE) Program of the Union Ministry of Electronics and Information Technology (MeitY)?
    A) CP Plus of Aditya Infotech
    B) Centre for Development of Advanced Computing (C-DAC), Thiruvananthapuram
    C) Indian Institute of Technology (IIT), Delhi
    D) Defence Research and Development Organisation (DRDO)
    E) None of the above
    View Answer
    Option B
    Explanation:

    The indigenous technologies of thermal smart camera, designed and developed by C-DAC (Centre for Development of Advanced Computing) Thiruvananthapuram, under The Intelligent Transportation System Endeavor (InTranSE) Program of the Union Ministry of Electronics and Information Technology (MeitY), was transferred to the CP Plus of Aditya Infotech.
  26. Which actor, known for his roles in “The Lord of the Rings: The Return of the King” and “Titanic,” has passed away at the age of 79?
    A) Bernard Hill
    B) Ian McKellen
    C) Leonardo DiCaprio
    D) Viggo Mortensen
    E) None of the above
    View Answer
    Option A
    Explanation:

    Actor Bernard Hill, who delivered a rousing cry before leading his people into battle in The Lord of the Rings: The Return of the King” and went down with the ship as the captain in Titanic, has died. He was 79.
  27. Who, known for leading Argentina to victory in the 1978 FIFA World Cup, has passed away at the age of 85?
    A) Lionel Messi
    B) Diego Maradona
    C) Gabriel Batistuta
    D) None of these
    E) Cesar Luis Menotti
    View Answer
    Option E
    Explanation:

    Cesar Luis Menotti, who led a dashing Argentina team to victory in the 1978 FIFA World Cup, has died aged 85, the country’s football federation announced.
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