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

Current Affairs Quiz: May 9, 2024

  1. Who has recently acquired the private paper collection of Late Shri Rafi Ahmad Kidwai, which includes original correspondences with eminent leaders like Pt. Nehru, Sardar Patel, Shyama Prasad Mukherjee, and P.D. Tandon?
    A) National Library of India
    B) National Archives of India
    C) Indian Council of Historical Research
    D) None of these
    E) Indian National Trust for Art and Cultural Heritage
    View Answer
    Option B
    Explanation:

    National Archives of India (NAI) has acquired the private paper collection of Late Shri Rafi Ahmad Kidwai, comprising original correspondences of Shri Kidwai with other eminent leaders like Pt. Nehru, Sardar Patel, Shyama Prasad Mukherjee, P.D. Tandon etc.
  2. Which international organization’s Secretary General, Indra Mani Pandey, visited New Delhi for a two-day visit to India on May 9-10, 2024?
    A) Association of Southeast Asian Nations (ASEAN)
    B) South Asian Association for Regional Cooperation (SAARC)
    C) Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC)
    D) Asia-Pacific Economic Cooperation (APEC)
    E) None of the above
    View Answer
    Option C
    Explanation:

    The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) Secretary General, Indra Mani Pandey arrived in New Delhi on two day visit to India on 09-10 May 2024.
  3. What was the name of the joint exercise conducted by Indian Army’s Kharga Corps and the Indian Air Force (IAF) in Punjab, which focused on refining processes and validating the employment of attack helicopters in support of mechanized operations?
    A) Operation Gagan Strike
    B) Exercise Vayu Shakti
    C) Gagan Strike-II
    D) Operation Desert Storm
    E) None of the above
    View Answer
    Option C
    Explanation:

    Indian Army’s Kharga Corps, under the aegis of Army’s Western Command, successfully conducted a three-day joint exercise with the IAF at multiple locations in Punjab.The exercise was conducted to refine processes and validate employment of attack helicopters in support of mechanised operations in developed terrain.
    The Gagan Strike-II exercise, which incorporated Apache and ALH-WSI helicopters, Unarmed Aerial Vehicles and special forces of Indian Army, was aimed at validating various force multipliers in support of ground offensive by strike corps along with live firing by helicopters as demanded by mechanised forces during offensive maneuvers.
  4. What is the objective of the Memorandum of Understanding (MoU) signed between the Indian Coast Guard (ICG) and Jindal Steel & Power (JSP) in New Delhi?
    A) To establish a joint venture for shipbuilding
    B) To enhance the export of marine grade steel
    C) None of these
    D) To promote collaboration in maritime research and development
    E) To supply indigenous marine grade steel for shipbuilding
    View Answer
    Option E
    Explanation:

    Indian Coast Guard (ICG) and Jindal Steel & Power (JSP) signed a Memorandum of Understanding (MoU) in New Delhi for the supply of indigenous marine grade steel to enhance the indigenous content in shipbuilding.
  5. Who jointly inaugurated the Kohima Peace Memorial and laid the foundation stone of Eco Park Kohima in Nagaland?
    A) Prime Minister of Japan and Chief Minister of Nagaland
    B) Ambassador of Japan to India and Chief Minister of Nagaland
    C) President of Japan and Governor of Nagaland
    D) Foreign Minister of Japan and Deputy Chief Minister of Nagaland
    E) None of the above
    View Answer
    Option B
    Explanation:

    In Nagaland, ambassador of Japan to India, Hiroshi Suzuki and Nagaland Chief Minister Neiphiu Rio jointly inaugurated the Kohima Peace Memorial and laid the foundation stone of Eco Park Kohima.
  6. Amid recent diplomatic tensions, who from the Maldives arrived in India for an official visit primarily to discuss bilateral relations between the two countries?
    A) Maldivian President
    B) Maldivian Foreign Minister
    C) Maldivian Ambassador to India
    D) Maldivian Defence Minister
    E) None of the above
    View Answer
    Option B
    Explanation:

    In the backdrop of a diplomatic standoff in recent months, Moosa Zameer, Maldivian foreign minister arrived in India for an official visit to discuss bilateral relations between the two countries.
  7. According to the World Bank report on reducing greenhouse gas emissions from agrifood systems, How much investment is required annually to halve agrifood emissions by 2030 and achieve Net Zero by 2050?
    A) $360 billion
    B) $260 billion
    C) $150 billion
    D) $500 billion
    E) $160 billion
    View Answer
    Option B
    Explanation:

    Annual investments of $260 billion required to halve agrifood emissions by 2030, achieve Net Zero by 2050: World Bank said.
    according to a new World Bank report on reducing greenhouse gas emissions from agrifood systems.The report, Recipe for a Livable Planet: Achieving Net Zero Emissions in the Agrifood System, outlined actions that every country can take to make food supplies more secure, help the food system better withstand climate change and protect vulnerable people during this transition. These actions include the investments required to halve agrifood emissions to reach Net Zero goals.
  8. Which country topped the list as the highest recipient of remittances according to the United Nations’ latest World Migration Report in 2022?
    A) Mexico
    B) China
    C) India
    D) Philippines
    E) None of the above
    View Answer
    Option C
    Explanation:

    According to the United Nations’ latest World Migration Report, India was the highest recipient of remittances from abroad at $111 billion in 2022. Its remittance receipts were way ahead of its closely ranked peers Mexico ($61.1 billion), China ($51 billion), Philippines ($38.05 billion) and France ($30.04 billion).
  9. What is the name of the new insurance plan introduced by Canara HSBC Life Insurance, aimed at assisting customers in achieving financial prosperity and security?
    A) Promise4Growth
    B) ProsperityGuard
    C) SecureFuture Plus
    D) WealthBuilder Ultra
    E) None of the above
    View Answer
    Option A
    Explanation:

    Canara HSBC Life Insurance introduces Promise4Growth, a new Unit Linked Insurance Plan (ULIP) designed for customers embarking on a journey towards financial prosperity and security.
  10. The memorandum of understanding (MoU) between the Financial Planning Standards Board (FPSB) India and the International Financial Services Centre Authority (IFSCA) aims to primarily focus on____________
    A) Promoting global trade agreements
    B) Talent development and promotion of Gift-IFSC as a global finance hub
    C) Enhancing cybersecurity measures
    D) None of these
    E) Establishing new banking regulations
    View Answer
    Option B
    Explanation:

    The Financial Planning Standards Board (FPSB) India and the International Financial Services Centre Authority (IFSCA), announced that they have signed a memorandum of understanding (MoU) for talent development and promotion of Gift-IFSC as global finance hub.
  11. Which Indian fintech company, affiliated with the Pine Labs Group, launched Sesame, India’s first Large Language Model (LLM) tailored for the banking, financial services, and insurance (BFSI) sector?
    A) Paytm
    B) Razorpay
    C) PhonePe
    D) Setu
    E) None of the above
    View Answer
    Option D
    Explanation:

    Setu, a leading Indian fintech company and part of the Pine Labs Group, unveiled Sesame, India’s first Large Language Model (LLM) specifically designed for the banking, financial services, and insurance (BFSI) sector.
  12. Which regulatory body lifted the restriction on Bank of Baroda (BoB) that previously prohibited the public sector lender from onboarding customers through its mobile banking application ‘bob World’?
    A) Securities and Exchange Board of India (SEBI)
    B) Reserve Bank of India (RBI)
    C) Insurance Regulatory and Development Authority of India (IRDAI)
    D) Ministry of Finance
    E) None of the above
    View Answer
    Option B
    Explanation:

    The Reserve Bank of India (RBI) lifted the restriction on Bank of Baroda (BoB) that barred the public sector lender from onboarding customers through its mobile banking application ‘bob World’.
  13. Which organization did HDFC Bank partner with to provide grants worth Rs 19.6 crore to social sector startups in India during FY24?
    A) Reserve Bank of India (RBI)
    B) Securities and Exchange Board of India (SEBI)
    C) Atal Innovation Mission (under NITI Aayog)
    D) None of these
    E) Indian Banks’ Association (IBA)
    View Answer
    Option C
    Explanation:

    HDFC Bank said it supported social sector startups in India with grants worth Rs 19.6 crore in FY24, in partnership with Atal Innovation Mission (under NITI Aayog).
  14. What is the duration of the wind power agreement signed between Sri Lanka and Adani Green Energy Limited (AGEL) for two wind power stations?
    A) 10 years
    B) 15 years
    C) 20 years
    D) 25 years
    E) 30 years
    View Answer
    Option C
    Explanation:

    Sri Lanka has signed 20-year wind power agreement with Adani Green Energy Limited (AGEL) for two wind power stations. As per the agreement, AGEL will be paid Rs 8.26 per kWh for the wind energy project.
  15. Which regulatory body sanctioned Sapphire Media’s acquisition plan for Reliance Broadcast Network’s Big 92.7 FM?
    A) National Stock Exchange (NSE)
    B) Reserve Bank of India (RBI)

    C) Securities and Exchange Board of India (SEBI)
    D) National Company Law Tribunal (NCLT)
    E) None of the above

    View Answer
    Option D
    Explanation:

    The National Company Law Tribunal (NCLT) Mumbai has sanctioned Sapphire Media’s acquisition plan for Reliance Broadcast Network’s Big 92.7 FM. This approval follows a resolution process initiated in February 2023 under the Insolvency and Bankruptcy Code.
  16. Who became the first Indian bowler to claim 350 wickets in T20 cricket history?
    A) Yuzvendra Chahal
    B) Jasprit Bumrah
    C) Ravichandran Ashwin
    D) Bhuvneshwar Kumar
    E) None of the above
    View Answer
    Option A
    Explanation:

    Yuzvendra Chahal, representing Rajasthan Royals, becoming the first Indian bowler to claim 350 wickets in T20 cricket history.
  17. How many gold medals did the Indian contingent win at the ASBC Asian U-22 and Youth Boxing Championships in Astana, Kazakhstan?
    A) 12
    B) 14
    C) 17
    D) 43
    E) None of the above
    View Answer
    Option A
    Explanation:

    In boxing, the Indian contingent wrapped up their electrifying journey at the ASBC Asian U-22 and Youth Boxing Championships with a remarkable haul of 43 medals in Astana, Kazakhstan. This includes 12 gold, 14 silver, and 17 bronze medals from both categories.
  18. Which company has been appointed as the ‘Official Sponsor’ of the Sri Lanka Men’s Team for the duration of the ICC Men’s T20 World Cup 2024, as announced by Sri Lanka Cricket?
    A) Nestlé
    B) Amul
    C) PepsiCo
    D) Cadbury
    E) Coca-Cola
    View Answer
    Option B
    Explanation:

    Sri Lanka Cricket has announced that Indian milk producer Amul has been appointed as the ‘Official Sponsor’ of the Sri Lanka Men’s Team for the duration of the ICC Men’s T20 World Cup 2024.
  19. Which organization announced its first-ever partnership with Hockey India for the National Women’s Hockey League 2024?
    A) PepsiCo India Foundation
    B) the Coca-Cola India Foundation
    C) Nestlé India Foundation
    D) Amul India Foundation
    E) Hindustan Unilever Foundation
    View Answer
    Option B
    Explanation:

    Anandana, the Coca-Cola India Foundation, announces its first ever partnership with Hockey India, for the National Women’s Hockey League 2024.
  20. Who has been sworn in as Scotland’s seventh first minister at the Court of Session in Edinburgh?
    A) John Swinney
    B) Nicola Sturgeon
    C) Alex Salmond
    D) Ruth Davidson
    E) None of the above
    View Answer
    Option A
    Explanation:

    A 60-year-old Scottish politician, John Swinney has been legally sworn in as Scotland’s seventh first minister at the Court of Session in Edinburg.
  21. Who has been appointed as the Director of the Ministry of Ayush, as per the recent announcement?
    A) Subodh Kumar
    B) Rajesh Sharma
    C) Anurag Singh
    D) None of these
    E) Manoj Patel
    View Answer
    Option A
    Explanation:

    Subodh Kumar, an IAS officer of the 2010 batch from the Tamil Nadu cadre, has been appointed as the Director of the Ministry of Ayush. His appointment is effective from the date of assuming charge and is initially until October 8, or until further orders, whichever is earlier.
  22. Who has been approved as the Chairman of HDFC Life by the Insurance Regulatory and Development Authority (IRDAI), succeeding Deepak Parekh?
    A) Nirmal Jain
    B) Deepak Parekh
    C) Aditya Puri
    D) Keki Mistry
    E) None of the above
    View Answer
    Option D
    Explanation:

    The Insurance Regulatory and Development Authority (IRDAI) approved the appointment of Keki Mistry as Chairman of HDFC Life. Earlier, the insurer had appointed Mistry as the Chairman of the Board as Deepak Parekh stepped down from the post.
  23. In which country is Columbia University located, which recently announced the 2024 Pulitzer Prize winners?
    A) United Kingdom
    B) United States of America
    C) Australia
    D) Canada
    E) None of the above
    View Answer
    Option B
    Explanation:

    Columbia University of the United States of America announced the 2024 Pulitzer Prize winners. The award will be conferred by the president of Columbia University in a ceremony later.
  24. Which global company recently announced its certification with ISO 42001:2023, the world’s first international standard on AI management systems, by TUV India?
    A) Google
    B) Infosys
    C) Amazon
    D) Microsoft
    E) None of the above
    View Answer
    Option B
    Explanation:

    Infosys, a global leader in next-generation digital services and consulting, announced that it has been certified with ISO 42001:2023, world’s first international standard on AI management systems, by TUV India (part of TUV Nord Group), a leading independent provider of technical quality and safety services.
  25. Where did the Indian Space Research Organisation (ISRO) conduct the first ignition trial of a semi-cryogenic pre-burner?
    A) Satish Dhawan Space Centre (SDSC), Sriharikota
    B) Vikram Sarabhai Space Centre (VSSC), Thiruvananthapuram
    C) ISRO Propulsion Complex (IPRC), Mahendragiri
    D) Space Applications Centre (SAC), Ahmedabad
    E) None of the above
    View Answer
    Option C
    Explanation:

    The Indian Space Research Organisation (Isro) has successfully conducted the first ignition trial of a semi-cryogenic pre-burner at its Isro Propulsion Complex (IPRC) in Mahendragiri, Tamil Nadu.

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