Tuesday, May 28, 2024
Banking QuizCA Quizzes (English)

Current Affairs Quiz: May 8, 2024

  1. Where was the MEDITECH STACKATHON 2024 launched by Dr. Arunish Chawla, Secretary of the Department of Pharmaceuticals, in collaboration with CII?
    A) Mumbai
    B) Kolkata
    C) New Delhi
    D) Bangalore
    E) None of the above
    View Answer
    Option C
    Explanation:

    Secretary, Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers Dr Arunish Chawla, launched the MEDITECH STACKATHON 2024 in collaboration with CII in New Delhi.
  2. What recent achievement has the Indian Air Force (IAF) accomplished, as per officials, regarding the modernization of its transport fleet?
    A) Procuring a second C-295 aircraft from Airbus in Spain
    B) Signing a memorandum of understanding with a leading aerospace company
    C) Completing construction of a new aircraft maintenance facility
    D) Initiating a pilot training program for transport aircraft personnel
    E) None of the above
    View Answer
    Option A
    Explanation:

    The Indian Air Force (IAF) has taken the delivery of its second C-295 aircraft from Airbus in Spain, and the ₹21,935-crore project to modernise the IAF’s transport fleet is moving at the desired pace, officials aware of the matter said.
  3. What recent decision has been made by Nepal’s cabinet regarding its currency?
    A) To introduce a new Rs 100 currency note featuring disputed territories on the map
    B) To withdraw all existing Rs 100 currency notes from circulation
    C) To increase the denomination of the Rs 100 currency note to Rs 500
    D) To redesign the Rs 100 currency note to include images of national landmarks
    E) None of the above
    View Answer
    Option A
    Explanation:

    Nepal has announced the printing of a new Rs 100 currency note with a map that shows the controversial territories of Lipulekh, Limpiyadhura and Kalapani, already termed as “artificial enlargement” and “untenable” by India.
    The cabinet approved to re-design the banknote of Rs 100 and replace the old map printed in the background of the bank note during the cabinet meetings held on April 25 and May 2.
  4. Which country has recently introduced an AI-generated spokesperson named Victoria to deliver official statements on behalf of its foreign ministry?
    A) United States
    B) Russia
    C) Ukraine
    D) China
    E) None of the above
    View Answer
    Option C
    Explanation:

    Ukraine presented an AI-generated spokesperson called Victoria who will make official statements on behalf of its foreign ministry. The ministry said it would “for the first time in history” use a digital spokesperson to read its statements, which will still be written by humans.
  5. What recent initiative has the Ministry of Tourism of India undertaken to enhance its presence in the Middle East tourism market?
    A) Hosting a series of cultural events in Dubai to attract tourists
    B) Launching a new tourism campaign named “Incredible India”
    C) Establishing tourism partnerships with Middle Eastern countries
    D) None of these
    E) Participating in the Arabian Travel Mart 2024 in Dubai
    View Answer
    Option E
    Explanation:

    In a bid to strengthen India’s presence in the Middle East tourism market, the Ministry of Tourism is participating in Arabian Travel Mart 2024, being held in Dubai from May 6 to 9, 2024. Aligning with it, ‘Incredible India’ pavilion was inaugurated aiming to capture the entirety of the UAE market. The campaign seeks to promote India as a holistic destination throughout the year.
  6. What collaborative effort has been undertaken by the Asian Development Bank (ADB) and Citi to support businesses in Asia and the Pacific region?
    A) Launching a joint venture for renewable energy projects
    B) Establishing a scholarship program for students in the region
    C) Signing a master risk participation agreement to enhance supply chain financing for SMEs
    D) Introducing a new initiative to promote sustainable tourism in the region
    E) None of the above
    View Answer
    Option C
    Explanation:

    The Asian Development Bank (ADB) and Citi have partnered to sign a master risk participation agreement to enhance access to supply chain financing for small and medium-sized enterprises (SMEs) and support more than $100 million in additional annual trade across Asia and the Pacific.
  7. What percentage of the Rs 2000 denomination banknotes have returned to the banking system, according to the Reserve Bank of India (RBI)?
    A) 92.24%
    B) 97.76%
    C) 99.99%
    D) 85.42%
    E) None of the above
    View Answer
    Option B
    Explanation:

    The Reserve Bank of India (RBI) said 97.76 per cent of the Rs 2000 denomination banknotes have returned to the banking system, and only Rs 7,961 crore worth of the withdrawn notes are still with the public.
  8. What recent change has the Reserve Bank of India (RBI) implemented regarding the maximum risk for custodian banks issuing irrevocable payment commitments (IPCs), following a reduction in trade settlement time by stock exchanges?
    A) Decreasing the maximum risk from 30% to 20%
    B) Increasing the maximum risk from 30% to 50%
    C) Maintaining the maximum risk at 50%
    D) Reducing the maximum risk from 50% to 30%
    E) None of the above
    View Answer
    Option D
    Explanation:

    Following the reduction in trade settlement time from T+2 to T+1 and T+0 for select equities by stock exchanges, the Reserve Bank of India (RBI) has decreased the maximum risk for custodian banks issuing irrevocable payment commitments (IPCs) from 50% to 30%.
  9. What significant achievement has GetVantage, a start-up in India, recently accomplished?
    A) Securing a partnership with a leading bank in the country
    B) Launching a new mobile banking application
    C) Obtaining a non-banking financial company (NBFC) license from the Reserve Bank of India (RBI)
    D) Establishing a joint venture with a global investment firm
    E) None of the above
    View Answer
    Option C
    Explanation:

    GetVantage, a start-up providing revenue-based finance (RBF) to emerging businesses, has secured a non-banking financial company (NBFC) license from the Reserve Bank of India (RBI), becoming the first RBF and alternative funding platform in the country to do so.
  10. The Competition Commission of India (CCI) has greenlit the acquisition of additional shares in Sikkim Urja Limited (formerly Teesta Urja Limited) by which company?
    A) Reliance Power Limited
    B) Tata Power Company Limited
    C) Adani Power Limited
    D) Greenko Energies Private Limited
    E) None of the above
    View Answer
    Option D
    Explanation:

    The Competition Commission of India (CCI) has approved the acquisition of additional shares in Sikkim Urja Limited (formerly Teesta Urja Limited) by Greenko Energies Private Limited.
  11. In the latest fiscal year, India’s private consumption patterns witnessed a significant change, with health, transport, and education collectively contributing to what percentage of total expenditure?
    A) 15.7%
    B) 20.3%
    C) 26.9%
    D) 30.5%
    E) None of the above
    View Answer
    Option C
    Explanation:

    India’s private consumption patterns have seen a shift in the last fiscal year, with transport, health, and education contributing to 26.9% of total expenditure. This is the highest level since the new series in FY12.
  12. Who secured their 36th La Liga title in the latest season after defeating Cadiz 3-0 and benefiting from Barcelona’s loss to Girona?
    A) Real Madrid
    B) Zinedine Zidane
    C) Cristiano Ronaldo
    D) Lionel Messi
    E) Sergio Ramos
    View Answer
    Option A
    Explanation:

    Real Madrid clinches its 36th La Liga title after defeating Cadiz 3-0 and benefiting from Barcelona’s loss to Girona.
  13. In the final match at the Salt Lake Stadium in Kolkata, who emerged as the winner of the second ISL title?
    A) Mohun Bagan SG
    B) Bengaluru FC
    C) Mumbai City FC
    D) ATK Mohun Bagan FC
    E) None of the above
    View Answer
    Option C
    Explanation:

    Mumbai City FC secured their second ISL title as they defeated Mohun Bagan SG 3-1 in the final played at the Salt Lake stadium in Kolkata .
    Goals from Jorge Diaz, Bipin Singh and Jakub Vojtus completed the turnaround for Mumbai, who would silence the crowd in Kolkata to clinch the title.
  14. Where will the ninth ICC Women’s T20 World Cup take place, as per the recent announcement by the International Cricket Council (ICC)?
    A) India
    B) Australia
    C) Bangladesh
    D) None of these
    E) England
    View Answer
    Option C
    Explanation:

    Excitement is building as the International Cricket Council (ICC) unveiled the fixture schedule for the ninth ICC Women’s T20 World Cup, which will take place in Bangladesh from October 03 to 20, 2024.
  15. Who was handed a provisional suspension by the National Anti Doping Agency (NADA) for refusing to provide his sample for a dope test during recent trials?
    A) Bajrang Punia
    B) Sushil Kumar
    C) Vinesh Phogat
    D) None of these
    E) Sakshi Malik
    View Answer
    Option A
    Explanation:

    Wrestler Bajrang Punia was handed a provisional suspension for refusal to give his sample for dope test during recent trials.He was handed the provisional suspension on April 23 by the National Anti Doping Agency (NADA) and was asked to reply by May 7 to avoid further disciplinary action.
  16. Who set the record for being the oldest Indian women’s cricketer to make her debut in T20I cricket during the fourth T20I match against the Bangladesh women’s cricket team?
    A) Asha Sobhana
    B) Seema Pujare
    C) Sushma Verma
    D) Harmanpreet Kaur
    E) None of the above
    View Answer
    Option A
    Explanation:

    Indian cricket Asha Sobhana set an incredible record during the fourth T20I match against Bangladesh women’s cricket team. At the age of 33 years and 51 days, Sobhana made her T20I debut at the Sylhet International Cricket Stadium in Bangladesh. With this, she became the oldest Indian women’s cricketer to make her debut in T20I cricket.
  17. In the Asian Open Pickleball Championship Vietnam 2024, how many gold and bronze medals did the Indian team secure, as reported by the All-India Pickleball Association (AIPA)?
    A) Three gold and one bronze
    B) Four gold and two bronze
    C) Five gold and one bronze
    D) Two gold and three bronze
    E) None of the above
    View Answer
    Option B
    Explanation:

    The Indian team ended its campaign in the Asian Open Pickleball Championship Vietnam 2024 with four gold and two bronze medals, the All-India Pickleball Association (AIPA) informed. With a strong contingent of 35 individuals, AIPA played a pivotal role in supporting and nurturing India’s talent on the international stage.
  18. Who has been appointed as the brand ambassador for the election by the Gurgaon administration amidst concerns over low voter turnout among urban voters?
    A) Virat Kohli
    B) Rohit Sharma
    C) None of these
    D) MS Dhoni
    E) Yuzvendra Chahal
    View Answer
    Option E
    Explanation:

    Amid poll boycotts and apprehension over low voting rates among urban voters, the Gurgaon administration has announced cricketer Yuzvendra Chahal as its brand ambassador for the election.
  19. Who was sworn in for a new six-year term as Russia’s President at a ceremony inside the Grand Kremlin Palace in Moscow?
    A) Vladimir Putin
    B) Dmitry Medvedev
    C) Alexei Navalny
    D) Mikhail Gorbachev
    E) None of the above
    View Answer
    Option A
    Explanation:

    Vladimir Putin was sworn in for a new six-year term as Russia’s President at a ceremony inside the Grand Kremlin Palace in Moscow.
  20. Which publication’s explainer page on Neeraj Chopra’s craft and success, titled “The science behind Neeraj’s skills”, received recognition at the 6th International Newspaper Design Competition organized by newspaperdesign.in?
    A) The Times of India
    B) The Indian Express
    C) The Hindu
    D) Hindustan Times
    E) None of the above
    View Answer
    Option C
    Explanation:

    The Hindu’s explainer page on Neeraj Chopra’s craft and success, “The science behind Neeraj’s skills”, published on September 3, 2023, has won three awards at the 6th International Newspaper Design Competition organised by newspaperdesign.in.
  21. Which of the following statements regarding Ajrakh is true?
    A) Ajrakh is a traditional fabric printing technique from Rajasthan.
    B) Ajrakh has recently been granted the GI (Geographical Indication) Tag.
    C) Ajrakh’s origins can be traced back to the Mughal era.
    D) Ajrakh is primarily practiced in Tamil Nadu.
    E) None of the above
    View Answer
    Option B
    Explanation:

    Ajrakh, one of the most popular traditional fabric printing techniques, has been granted the GI (Geographical Indication) Tag. Ajrakh is a famous textile craft from Gujarat, whose origins can be traced back to the Indus Valley Civilization.
  22. Which prominent figure, known for his roles as CEO and chairman of Boeing, as well as being a part owner of the Seattle Mariners baseball team, passed away at the age of 92?
    A) Jeff Bezos
    B) Warren Buffett
    C) Bill Gates
    D) Frank Anderson Shrontz
    E) None of the above
    View Answer
    Option D
    Explanation:

    Frank Anderson Shrontz, the former chief executive officer and chairman of planemaker Boeing and part owner of the Seattle Mariners baseball team, has died. He was 92.
  23. On which day did the Border Roads Organisation (BRO) celebrate its 65th Raising Day?
    A) May 23
    B) May 5
    C) April 6
    D) May 7
    E) April 18
    View Answer
    Option D
    Explanation:

    The Border Roads Organisation (BRO) celebrated its 65th Raising Day on May 7, with Defence Secretary Giridhar Aramane emphasizing the need for the organization to adopt the latest technology and techniques for faster project completion.

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