Home » Daily Current Affairs Quiz – 14th & 15th April 2024

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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2024 of 14th & 15th April 2024. Daily GK quiz online for bank & competitive exam. Here we have given the Daily Current Affairs Quiz based on the previous days Daily Current Affairs updates. Candidates preparing for IBPS, SBI, RBI, RRB, SSC Exam 2024 & other competitive exams can make use of these Current Affairs Quiz.

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1) The Reserve Bank of India has declined two more applications to establish small finance banks. How many applications has the RBI received so far to establish a universal or small financing bank as permitted by the ‘on tap’ licensing rules for such banks?

(a) 11

(b) 12

(d) 14

(e) 15

2) Revolut receives in-principle approval from the Reserve Bank of India for a Prepaid Payment Instruments license. Where is Revolut’s neo bank located?

(a) USA

(b) UK

(d) Germany

(e) Switzerland

3) The Reserve Bank of India and which company mobilized to mitigate the impact of the Red Sea Crisis on Indian exports?

(a) SIDBI

(b)SEBI

(d) NTPC

(e) NABARD

4) The Reserve Bank of India has rejected Annapurna Finance Limited’s application for a Universal Bank License. Annapurna Finance Limited is located in which state?

(a) Karnataka

(b) Odisha

(d) Sikkim

(e) Gujarat

5) Which firm has approved Hinduja Group-owned Asia Enterprises’ acquisition of Reliance Wealth Management?

(a) SIDBI

(b)SEBI

(d) NTPC

(e) NABARD

6) The Reserve Bank of India has launched a survey of manufacturing companies, which will provide valuable input for policy formulation. Which round of the survey corresponds to the reference period of January-March 2024 (Q4: 2023-24)?

(a) 62nd

(b) 64th

(d) 66th

(e) 63rd

7) Which bank collaborates with FISDOM to provide stock brokerage services?

(a) Canara bank

(b) Indian bank

(d) RBL bank

(e) HDFC bank

8) The Reserve Bank of India has issued an alert list of entities prohibited from engaging in forex trading under the Foreign Exchange Management Act 1999. When was the Electronic Trading Platforms (Reserve Bank) Directions act established?

(a) 2014

(b) 2016

(d) 2018

(e) 2020

9) India Post opened its third post office in Antarctica.The Department of Posts has opened a second post office on the Bharati research station in Antarctica, with a new PIN code of ___________ for correspondence to Antarctica.

(a) MH-1718

(b) MH-1712

(d) MH-1716

(e) MH-1710

10) Jan Dhan’s balance climbs by 18% to Rs 2.35 trillion in FY24. What percentage of Jan Dhan account holders use debit cards, based on recent data?

(a) 66%

(b) 65%

(d) 63%

(e) 62%

11) Eleven EV producers have been approved by the government to receive incentives under the Electric Mobility Promotion Scheme (EMPS). The new scheme began on April 1 and will run through July 31, 2024 with an allotment of how much crore?

(a) Rs.200crore

(b) Rs.400crore

(d) Rs.300crore

(e) Rs.100crore

12) The National Statistical Office (NSO) reported that the Consumer Price Index (CPI) fell to a _______month low of 4.85 percent in March 2024 down from 5.1% in February.

(a) 3month

(b) 6month

(d) 10month

(e) 12month

13) Vodafone Idea, a debt-ridden telecom operator, would offer shares worth Rs 18,000 crore through a further public offering (FPO) from April 18-22 at a price band of how many rupees per share?

(a) Rs.9-10

(b) Rs.10-11

(d) Rs.18-20

(e) Rs.24-25

14) The benchmark Sensex surpassed the _______ barrier for the first time, and the Nifty 50 opened over a new record high of 22,700, driven by solid Q4 earnings expectations and a buoyant Asian market.

(a) 72000

(b) 75000

(d) 78000

(e) 76000

15) Which edition of Cannes Film Festival season, taking place from May 14 to 25, will have writer-director Payal Kapadia’s debut fiction movie “All We Imagine As Light” vying for the top prize?

(a) 72nd

(b) 75th

(d) 77th

(e) 79th

16) Dr. Gagandeep Kang received the esteemed John Dirks Gairdner Global Health Award. Which nation now offers the highest honor for innovative biomedical science research carried out globally?

(a) Germany

(b) Canada

(d) Hong Kong

(e) Italy

17) How long has Senior IPS Officer Anurag Kumar held the position of Joint Director of the Central Bureau of Investigation?

(a) 1year

(b) 2year

(d) 4year

(e) 5year

18) Gilani, the former prime minister, has been appointed as the Senate Chairman of Pakistan. In a session of Pakistan’s Senate, how many freshly elected Senators were sworn in as members of the House?

(a) 49

(b) 41

(d) 45

(e) 47

19) In a recent study, cybercrime specialists throughout the globe were surveyed, and India came in at number 10 with the most common sort of cybercrime being fraud including requests for upfront payments. Which nation was at the top of the list?

(a) Ukraine

(b) China

(d) Russia

(e) Romania

20) Among the 12 countries accountable for 60% of improperly managed plastic garbage is India. Which nation tops the list of nations with the highest estimated amount of mishandled plastic garbage (111 kg per person) by 2024?

(a) China

(b) Russia

(d) Mexico

(e) Oman

21) Indian entrepreneur Gopi Thotakura will be the first Indian tourist in space on Blue Origin’s NS-25 mission. The NS-25 mission will be Blue Origin’s _____ human flight, and the 25th in the program’s history.

(a) 5th

(b) 6th

(d) 8th

(e) 9th

22) Researchers at the Indian Institute of Science (IISc) created a sustainable hydrogel specifically intended to remove microplastics from water. How many microplastic removal cycles could the hydrogel withstand before losing efficacy?

(a) 4

(b) 3

(d) 5

(e) 7

23) Dipendra Singh Airee of Nepal became only the third player to hit six sixes in an over in a T20I match against which country?

(a) Mexico

(b) Qatar

(d) Pakistan

(e) Oman

24) Former RBI Governor D Subbarao’s memoir, titled “Just A Mercenary?: Notes from My Life and Career,” will be released on April 30, 2024. He was the Reserve Bank of India’s ______ governor, reporting to Prime Minister Dr. Manmohan Singh.

(a) 21st

(b) 22nd

(d) 20th

(e) 25th

25) Roberto Cavalli, a renowned fashion icon best known for his leopard print designs, died. Cavalli was born on November 15, 1940, in which country?

(a) France

(b) Switzerland

(d) Germany

(e) Hong kong

Answers :

1) Answer: C

The Reserve Bank of India (RBI) has rejected two more applications for setting up small finance banks: Dvara Kshetriya Gramin Financial Services Private Limited and Tally Solutions Private Limited.
Dvara Kshetriya Gramin Financial Services applied for a small bank licence in April 2021 whereas Tally Solutions had applied in August 2021.
The RBI has so far received 13 applications to set up a universal or small finance bank as allowed under the ‘on tap’ licensing guidelines for such banks.

Detailed Explanation:

The Reserve Bank of India (RBI) has rejected two more applications for setting up small finance banks: Dvara Kshetriya Gramin Financial Services Private Limited and Tally Solutions Private Limited.
Dvara Kshetriya Gramin Financial Services applied for a small bank licence in April 2021 whereas Tally Solutions had applied in August 2021.
The RBI has so far received 13 applications to set up a universal or small finance bank as allowed under the ‘on tap’ licensing guidelines for such banks.
Of these, it has previously rejected 9 other applications taking the total to 11 applications rejected.
The remaining applications were filed by Bhubaneswar-based Annapurna Finance Private for a universal bank licence in Q3 FY23.
Further, Navi Mumbai-based Fino Payments sought permission to transition to a small finance bank in Q3 FY24.

Applicants under Guidelines for ‘On Tap’ Licensing of Universal Banks :

UAE Exchange and Financial Services Limited [Rejected]
The Repatriates Cooperative Finance and Development Bank Limited (REPCO Bank) [Rejected]
Chaitanya India Fin Credit Private Limited [Rejected]
Shri Pankaj Vaish and others [Rejected]
Annapurna Finance Private Limited, Bhubaneswar [Under consideration]

Applicants under Guidelines for ‘On Tap’ Licensing of Universal Banks

VSoft Technologies Private Limited [Rejected]
Calicut City Service Co-operative Bank Limited [Rejected]
Shri Akhil Kumar Gupta [Rejected]
Dvara Kshetriya Gramin Financial Services Private Limited [Rejected]
Cosmea Financial Holdings Private Limited [Rejected]
Tally Solutions Private Limited [Rejected]
West End Housing Finance Limited [Rejected]
Fino Payments Bank Limited [Under consideration]

2) Answer: B

Tiger Global and Softbank-backed neobank Revolut India has received an in-principle approval from the Reserve Bank of India (RBI) to issue Prepaid Payment Instruments (PPI), including prepaid cards and wallets.
Revolut, a London-based neobank and financial technology company, has been gearing up for its entry into India, working closely with the RBI over the past two years.

Detailed Explanation:

Tiger Global and Softbank-backed neobank Revolut India has received an in-principle approval from the Reserve Bank of India (RBI) to issue Prepaid Payment Instruments (PPI), including prepaid cards and wallets.
This enables it to operate as a domestic player in the market.
This approval builds upon the existing licences which Revolut India has successfully obtained from RBI to operate as a Category-II Authorised Money Exchange Dealer (AD II) and to be able to provide multi-currency forex cards and cross-border remittance services,
It also puts Revolut in a unique position in India, to be able to offer customers both international and domestic payment solutions on a single platform.
Initially entering the Indian market in 2021, Revolut aims to challenge established players in the domestic payments sector.
The approval from the RBI is expected to further solidify Revolut’s position as a major contender in this domain.
Prepaid Payment Instruments (PPIs) are tools or instruments for transactions that use stored monetary value, such as digital wallets, smart cards, or vouchers.
A neobank is a type of direct bank that operates exclusively using online banking without traditional physical branch networks that challenge traditional banks.

3) Answer: C

The Ministry of Finance (MoF) has reached out to regulatory bodies like the Reserve Bank of India (RBI) and the Insurance Regulatory and Development Authority of India (IRDAI) to address concerns regarding export credit availability and insurance premium increases.
This proactive approach aims to support Indian exporters in navigating trade disruptions caused by Houthi attacks on cargo ships in the Red Sea.
In March 2024, the MoF sent a letter to the RBI, IRDAI, and the state-run export finance institution Exim Bank, urging these entities to closely monitor and address the issues flagged by exporters to the Ministry of Commerce and Industry regarding disruptions that could potentially drive up India’s export expenses.

Detailed Explanation:

The Ministry of Finance (MoF) has reached out to regulatory bodies like the Reserve Bank of India (RBI) and the Insurance Regulatory and Development Authority of India (IRDAI) to address concerns regarding export credit availability and insurance premium increases.
This proactive approach aims to support Indian exporters in navigating trade disruptions caused by Houthi attacks on cargo ships in the Red Sea.
In March 2024, the MoF sent a letter to the RBI, IRDAI, and the state-run export finance institution Exim Bank, urging these entities to closely monitor and address the issues flagged by exporters to the Ministry of Commerce and Industry regarding disruptions that could potentially drive up India’s export expenses.
Impact on Global Trade: The International Monetary Fund (IMF) reported significant declines in trade through major shipping routes like the Suez Canal and the Panama Canal in January and February.
These declines, amounting to 50% and 32% respectively, disrupted global supply chains and led to distortions in key macroeconomic indicators.
Minimal Impact on Indian Exports: The Red Sea crisis has had minimal impact on India’s exports. Shipments from India remain unaffected as vessels transporting containers from the country have been rerouted through the Cape of Good Hope, ensuring uninterrupted trade flow.
The Houthis, who initially targeted ships associated with Israel, have expanded their attacks to vessels from nations supporting Israel.
Consequently, major shipping firms are rerouting their ships from the Suez Canal to the Cape of Good Hope, leading to escalated freight and transportation costs.
For instance, between the end of October, 2023 and January,2024 the Shanghai Containerised Freight Index (SCFI), a key indicator for global container trends, soared by more than 1,000 points.

4) Answer: B

The Reserve Bank of India (RBI), in a cautious move, declined Odisha based Annapurna Finance Limited’s application for a universal bank license made in January 2023.
The RBI expressed caution and hesitation about awarding a full-service bank license to the Odisha-based lender.
Annapurna Finance Limited primarily focuses on microfinance loans, which raised concerns for the regulator regarding the bank’s capability to operate as a universal bank.

Detailed Explanation:

The Reserve Bank of India (RBI), in a cautious move, declined Annapurna Finance Limited’s application for a universal bank license made in January 2023.
The RBI expressed caution and hesitation about awarding a full-service bank license to the Odisha-based lender.
Annapurna Finance Limited primarily focuses on microfinance loans, which raised concerns for the regulator regarding the bank’s capability to operate as a universal bank.
Option Offered by RBI:Instead of a universal bank license, the RBI offered Annapurna Finance Limited the option to become a small finance bank (SFB).
Annapurna’s Response:Annapurna Finance Limited declined the alternative offered by the regulator to become an SFB
The company believed that transitioning to an SFB would not provide much of an incremental value proposition.
Reason for Declining SFB Option:Annapurna Finance Limited was hesitant to pursue the SFB route, considering that a majority of SFBs are still yet to establish a dominant share in the industry.

5) Answer: B

Hinduja Group-owned Asia Enterprises has received Securities and Exchange Board of India’s (SEBI) approval for taking control of Reliance Wealth Management.
The approvals were received under SEBI’s regulations governing investment advisers and portfolio managers, respectively.
The approvals come in the wake of the successful bid by IndusInd International Holdings, the promoter entity of the 5th largest private sector bank in India – IndusInd Bank.

Detailed Explanation:

Hinduja Group-owned Asia Enterprises has received Securities and Exchange Board of India’s (SEBI) approval for taking control of Reliance Wealth Management.
The approvals were received under SEBI’s regulations governing investment advisers and portfolio managers, respectively.
The approvals come in the wake of the successful bid by IndusInd International Holdings, the promoter entity of the 5th largest private sector bank in India – IndusInd Bank.
IIHL emerged as the successful resolution applicant to acquire the beleaguered financial services company – Reliance Capital, under the Corporate Insolvency Resolution Proceedings process of Insolvency and Bankruptcy Code.
IIHL’s resolution plan for Reliance Capital included Reliance Wealth.
IIHL’s resolution plan for Reliance Capital involves an upfront cash amount of ₹9,650 crore.
It also encompasses Reliance Capital’s group entities providing life, general and health insurance, as well as the asset reconstruction business.
In February,2024 the National Company Law Tribunal approved the resolution plan.
Reliance Capital had a secured debt of ₹16,000 crore.
The lenders would receive ₹10,000 crore from IIHL, including ₹9,661 crore of upfront cash.

6) Answer: C

The Reserve Bank of India (RBI) has launched the next round of quarterly order books, inventories and capacity utilisation surveys of manufacturing companies, a key input for the monetary policy formulation.
The 65th round of the survey covers the reference period of January-March 2024 (Q4: 2023-24).
Survey History:The RBI has been conducting the order books, inventories, and Capacity Utilization Survey (OBICUS) of the manufacturing sector on a quarterly basis since 2008.

Detailed Explanation:

The Reserve Bank of India (RBI) has launched the next round of quarterly order books, inventories and capacity utilisation surveys of manufacturing companies, a key input for the monetary policy formulation.
The 65th round of the survey covers the reference period of January-March 2024 (Q4: 2023-24).
Survey History:The RBI has been conducting the order books, inventories, and Capacity Utilization Survey (OBICUS) of the manufacturing sector on a quarterly basis since 2008.
Data Collection:The survey collects data on total inventories with a breakdown between finished goods (FG), work-in-progress (WiP), and raw material (RM) inventories at the end of the quarter.
It also gathers information on item-wise production in terms of quantity and value.
Release of Previous Survey Results:The RBI recently released the results of its 64th round of the quarterly OBICUS.
This survey covered 813 manufacturing companies and was conducted during Q4: 2023-24.
Capacity Utilization Findings:At the aggregate level, the capacity utilization (CU) in the manufacturing sector increased to 74.7%in Q3: 2023-24 from 74.0 percent in the previous quarter.

7) Answer: C

Karnataka Bank has partnered with FISDOM to offer 3-in-1 (savings, demat and trading accounts) through the bank’s mobile banking app ‘KBL Mobile Plus’.
The 3-in-1 facility enables customers to streamline their investment journey by consolidating their demat and trading accounts.

Detailed Explanation:

Karnataka Bank has partnered with FISDOM to offer 3-in-1 (savings, demat and trading accounts) through the bank’s mobile banking app ‘KBL Mobile Plus’.
This association is all set to enhance the current value proposition of enabling customers to invest in stocks and mutual funds.
This offering will empower the customers with seamless access to both investment opportunities and trading functionalities, all within a single, user-friendly interface.
The 3-in-1 facility enables customers to streamline their investment journey by consolidating their demat and trading accounts.
This integration eliminates the need for multiple platforms, simplifying account management and enhancing overall user experience.
With this unified solution, investors can efficiently manage their securities and execute trades with unparalleled convenience and efficiency.

8) Answer: D

The Reserve Bank of India (RBI) has released another ‘Alert List‘ including the names of organisations that are not permitted to trade in foreign exchange under the Foreign Exchange Management Act (FEMA), 1999 or to conduct foreign exchange transactions through electronic trading.
The Alert List contains names of entities which are neither authorised to deal in forex under the FEMA 1999 nor authorised to operate electronic trading platforms (ETP) for forex transactions under the Electronic Trading Platforms (Reserve Bank) Directions, 2018.

Detailed Explanation:

The Reserve Bank of India (RBI) has released another ‘Alert List‘ including the names of organisations that are not permitted to trade in foreign exchange under the Foreign Exchange Management Act (FEMA), 1999 or to conduct foreign exchange transactions through electronic trading.
The Alert List contains names of entities which are neither authorised to deal in forex under the FEMA 1999 nor authorised to operate electronic trading platforms (ETP) for forex transactions under the Electronic Trading Platforms (Reserve Bank) Directions, 2018.
It also contains names of entities/platforms/websites which appear to be promoting unauthorised entities/ETPs, including through advertisements of such unauthorised entities or claiming to be providing training/advisory services
However, this is not a comprehensive list.
One should not presume that an organisation not on the list has RBI authorization.
The list of approved individuals and authorised ETPs may be used to determine the authorization status of any individual or ETP.
Also conducting forex transactions on unauthorised platforms could land you in legal trouble.
Customers have received many warnings from the regulator not to transmit or deposit money for foreign exchange (forex) transactions or to undertake forex transactions on unapproved electronic trading platforms (ETPs).

9) Answer: A

India Post opened its third post office in
The new post office was inaugurated at Bharati Station.
Almost four decades later, letters meant for Antarctica will now have a new PIN code, MH-1718, with the Department of Posts opening a second branch of the post office on the Bharati research station in Antarctica.
The inauguration coincided with the 24th Foundation Day of the National Centre for Polar and Ocean Research (NCPOR),

Detailed Explanation:

India Post opened its third post office in
The new post office was inaugurated at Bharati Station.
Almost four decades later, letters meant for Antarctica will now have a new PIN code, MH-1718, with the Department of Posts opening a second branch of the post office on the Bharati research station in Antarctica.
The inauguration coincided with the 24th Foundation Day of the National Centre for Polar and Ocean Research (NCPOR),
The first post office was established in 1984 at Dakshin Gangotri, followed by another in 1990 at Maitri Station.
The launch of the Bharati Branch Post Office represents a significant advancement in bridging geographical barriers and facilitating communication and connectivity in Antarctica, furthering the mission of scientific exploration.
Since 1981, India has completed 40 scientific expeditions and built three permanent research base stations in Antarctica — Dakshin Gangotri (1983), Maitri (1988) and Bharati (2012).
Dakshin Gangotri was established in 1983 over the Ice Shelf in the Central Dronning Maud Land region.
The station was abandoned in 1990 as it got buried under snow.Currently, Maitri and Bharati are fully operational.

10) Answer: C

Net cash accretion in no-frills Pradhan Mantri Jan Dhan Yojana (PMJDY) bank accounts rose to an all-time high of Rs 36,153 crore in 2023-24, which also showed that average cash deposits per account at a high of Rs 4,524.
As many as 33 million new PMJDY accounts were opened in FY24, taking the cumulative PMJDY accounts at 519.5 million.
The total balance in these accounts stood at Rs 2,34,997 crore compared with Rs 1,98,844 crore a year ago.
Around 33 million new accounts were opened in FY24 compared with 35.9 million in FY23 and 28.6 million in FY22.
According to the latest data, 353.7 million or 68% of the Jan Dhan account holders have debit cards.

Detailed Explanation:

Net cash accretion in no-frills Pradhan Mantri Jan Dhan Yojana (PMJDY) bank accounts rose to an all-time high of Rs 36,153 crore in 2023-24, which also showed that average cash deposits per account at a high of Rs 4,524.
As many as 33 million new PMJDY accounts were opened in FY24, taking the cumulative PMJDY accounts at 519.5 million.
The total balance in these accounts stood at Rs 2,34,997 crore compared with Rs 1,98,844 crore a year ago.
Around 33 million new accounts were opened in FY24 compared with 35.9 million in FY23 and 28.6 million in FY22.
According to the latest data, 353.7 million or 68% of the Jan Dhan account holders have debit cards.
Given that inoperative accounts are nearly 20%, at least 12% of active account holders still don’t have RuPay cards.
Of the nearly 500 million accounts with public sector banks and regional rural banks, only 340 million have RuPay debit cards.
As per the latest data, PMJDY’s balance with the State Bank of India was at Rs 59,203 crore, followed by Bank of Baroda at Rs 32,032 crore and Punjab National Bank at Rs 22,594 crore.
Public sector banks and regional rural banks sponsored by them account for 97% of the total PMJDY balance of Rs 2.35 trillion.
The JAM Trinity – Jan Dhan, Aadhaar, mobile – has stood the government in good stead in implementing large-scale, technology-enabled and real-time direct benefit transfers (DBTs)

About PMJDY:

PMJDY was launched on August 28, 2014, to provide universal banking services by opening a zero-balance bank account for every unbanked household.
PMJDY is a National Mission for Financial Inclusion launched in August 2014 to ensure access to financial services, namely, Banking/ Savings & Deposit Accounts, Remittance, Credit, Insurance and Pension, in an affordable manner.
The applicant should be an Indian National. The applicant should be aged between 18 and 59 years.
If minors above ten years apply, they will require support from their legal guardians to administer their PMJDY account.
The holders of a RuPay Debit Card under the scheme can also receive life cover insurance up to ₹30,000.
It will only apply to people opening bank accounts for the first time under Jan Dhan Yojana with a debit card.
Beneficiaries can avail of an overdraft facility for up to ₹10,000. However, this is only available against one account per household.
Accident Insurance Cover of Rs. 2 lakh is available with a RuPay card issued to the PMJDY account holders.

11) Answer: C

The Ministry of Heavy Industries has approved 11 electric vehicle (EV) manufacturers, including Ather Energy, Bajaj Auto, Hero MotoCorp, Ola Electric, and Mahindra, to receive incentives under the recently introduced Electric Mobility Promotion Scheme (EMPS) 2024.
The scheme aims to sustain the growth in EV sales, replacing the former Faster Adoption and Manufacturing of Electric Vehicles – II (FAME-II) scheme.
The new scheme, with an allocation of Rs 500 crore, commenced on April 1 and will continue till July 31.

Detailed Explanation:

The Ministry of Heavy Industries has approved 11 electric vehicle (EV) manufacturers, including Ather Energy, Bajaj Auto, Hero MotoCorp, Ola Electric, and Mahindra, to receive incentives under the recently introduced Electric Mobility Promotion Scheme (EMPS) 2024.
The scheme aims to sustain the growth in EV sales, replacing the former Faster Adoption and Manufacturing of Electric Vehicles – II (FAME-II) scheme.
The new scheme, with an allocation of Rs 500 crore, commenced on April 1 and will continue till July 31.
To manage the increasing demand and lessen the burden on EV manufacturers, the government has reduced the maximum subsidy cap.
For electric two-wheelers (e2W), the cap is now Rs 10,000 per vehicle, down from Rs 22,500, and for electric three-wheelers (e3W), it is Rs 50,000, reduced from Rs 111,505.
It is for faster adoption of electric two-wheeler (e-2W) and three-wheeler (e-3W) to provide further impetus to the green mobility and development of electric vehicle (EV) manufacturing eco-system in the country.
The Scheme aims to support 3,72,215 EVs including e-2W (3,33,387) and e-3W (38,828 including 13,590 rickshaws & e-carts and 25,238 e-3W in L5 category).
The subsidy for the electric two-wheelers is now set at Rs 5,000/kWh of battery capacity with an upper cap of 15 per cent of the ex-factory price of the vehicle, the segment has a total outlay of Rs 333.39 crore.
Rickshaws and carts will get a subsidy of Rs 5,000 per kWh with a limit of Rs 25,000 per vehicle, and the segment’s total outlay is Rs 33.97 crore.
The per-kWh subsidy for L5 electric three-wheelers is also set at Rs 5,000, but it’s capped at Rs 50,000 per vehicle with a total outlay of Rs 126.19 crore.

12) Answer: D

According to the data released by the National Statistical Office (NSO), Consumer Price Index (CPI) declined to a 10-month low of 4.85 per cent in March as against 5.1 per cent in February.
Meanwhile, industrial growth based on the Index of Industrial Production rose to a four-month high in February, to 5.7 per cent, against 4.1 per cent in January.
The Quick Estimates of Index of Industrial Production (IIP) are released on 12th of every month.

Detailed Explanation:

According to the data released by the National Statistical Office (NSO), Consumer Price Index (CPI) declined to a 10-month low of 4.85 per cent in March as against 5.1 per cent in February.
Meanwhile, industrial growth based on the Index of Industrial Production rose to a four-month high in February, to 5.7 per cent, against 4.1 per cent in January.
The Quick Estimates of Index of Industrial Production (IIP) are released on 12th of every month.
In its April meeting, the MPC left its inflation forecast for this fiscal year unchanged at 4.5 per cent assuming normal monsoon.
The Consumer Price Index (CPI) is a measure of the average change overtime in the prices paid by urban consumers for a market basket of consumer goods and services.
In the current CPI series, with base year 2012, ‘food and beverages’ carry a weight of 45.9%. The group in the rural CPI index carries a weight 54.2% and in the urban, 36.3%.
The main component in the consumer price index is food and beverages (45.86 per cent of total weight), followed by cereals and pulses (9.67 per cent), and milk and products (6.61 per cent).
Currently, CPI is calculated using 2012 as a base year.
There are four types of CPI are as follows: CPI for Industrial Workers (IW). CPI for Agricultural Labourer (AL). CPI for Rural Labourer (RL). CPI (Rural/Urban/Combined).

13) Answer: B

Debt-ridden telecom operator Vodafone Idea announced that it will offer shares worth Rs 18,000 crore in its further public offering (FPO) from April 18-22 at a price band of Rs 10-11 per share.
The share sale will open on April 18 (for anchor investors on April 16) and close on April 22, Vodafone Idea, which is the country’s third-largest telecom service provider.
This will be the largest FPO after the previous best of Rs 15,000 crore share sale by Yes Bank in 2020.

Detailed Explanation:

Debt-ridden telecom operator Vodafone Idea announced that it will offer shares worth Rs 18,000 crore in its further public offering (FPO) from April 18-22 at a price band of Rs 10-11 per share.
The share sale will open on April 18 (for anchor investors on April 16) and close on April 22, Vodafone Idea, which is the country’s third-largest telecom service provider.
This will be the largest FPO after the previous best of Rs 15,000 crore share sale by Yes Bank in 2020.
During April-February, Vodafone Idea lost 16.2 million mobile subscribers, taking its total base to 220.5 million, according to data from the Telecom Regulatory Authority of India (Trai).
From the proceeds of the FPO, Vodafone Idea will utilise Rs 5,720 crore for 5G launch, according to the red herring prospectus (RHP) filed by the company.
Besides 5G, Vodafone Idea will utilise Rs 3,770 crore for purchasing equipment towards setting up 26,000 new 4G sites.
Further, the company will utilise Rs 3,260 crore to expand the capacity of 40,750 4G sites, which may include existing 4G sites and the new 4G sites.

14) Answer: B

The benchmark Sensex crossed the 75,000 mark for the first time and the Nifty 50 opened above a new record high of 22,700 mark led by strong Q4 earnings optimism and a positive Asian market.
The 30-share Sensex had breached the first 25,000 mark in May 2014 and the 50,000 mark on January 21, 2021.
The market capitalisation, or the total value of all listed shares, of the BSE-listed firms stood at 401.82 lakh crore .

Detailed Explanation:

The benchmark Sensex crossed the 75,000 mark for the first time and the Nifty 50 opened above a new record high of 22,700 mark led by strong Q4 earnings optimism and a positive Asian market.
The 30-share Sensex had breached the first 25,000 mark in May 2014 and the 50,000 mark on January 21, 2021.
The market capitalisation, or the total value of all listed shares, of the BSE-listed firms stood at 401.82 lakh crore .
The combined market capitalisation of BSE companies crossed the Rs 400 lakh crore mark to touch Rs 400.86 lakh crore on 9th April.
It took 9 months for these firms to add Rs 100 lakh crore of market capitalisation. The BSE m-cap had crossed Rs 300 lakh crore in July 2023.
The Nifty Bank also opened at a record high of 48,810.8.
The full form of SENSEX is the Stock Exchange Sensitive Index.
Sensex, otherwise known as the S&P BSE Sensex index, is the benchmark index of India’s BSE, formerly known as the Bombay Stock Exchange.)
The Sensex is comprised of 30 of the largest and most actively-traded stocks on the BSE, providing a gauge of India’s economy.
The index’s composition is reviewed in June and December each year. Created in 1986, the Sensex is the oldest stock index in India.
Analysts and investors use it to observe the cycles of India’s economy and the development and decline of particular industries.

15) Answer: D

Writer-director Payal Kapadia‘s debut fiction feature ‘All We Imagine As Light’ will compete for the top honours during the77th edition of Cannes Film Festival, scheduled to be held from May 14 to 25.
All We Imagine As Light, Kapadia’s feature film debut, will be the first Indian film to compete for the Palme d’Or award after nearly three decades.
The film features Kani Kusruthi and Diya Prabha in the lead roles.

Detailed Explanation:

Writer-director Payal Kapadia‘s debut fiction feature ‘All We Imagine As Light’ will compete for the top honours during the77th edition of Cannes Film Festival, scheduled to be held from May 14 to 25.
All We Imagine As Light, Kapadia’s feature film debut, will be the first Indian film to compete for the Palme d’Or award after nearly three decades.
The film features Kani Kusruthi and Diya Prabha in the lead roles.
The last Indian film to make it to this coveted section was Shaji N Karun’s Swaham in 1994.
In the festival’s 77th edition, Kapadia’s feature will compete with the latest films by some of the biggest names in world cinema.
Quentin Dupieux’s The Second Act, which will open the festival on May 14.
Kapadia, however, is not new to Cannes. Her poetic yet powerful documentary, ‘A Night of Knowing Nothing’, was the winner of the Golden Eye for best documentary during the 2021 edition of Cannes Film Festival.
An Indo-French production, All We Imagine As Light follows the story of Prabha, a nurse, who receives an unexpected gift from her long-estranged husband.
The Indian films which have been selected for Cannes’ competition section include Chetan Anand’s ‘Neecha Nagar’ (1946), V Shantaram’s ‘Amar Bhoopali’ (1952), Raj Kapoor’s ‘Awaara’ (1953), Satyajit Ray’s ‘Parash Pathar’ (1958), MS Sathyu’s ‘Garm Hava’ (1974) and Mrinal Sen’s Kharij (1983). Neecha Nagar is the only Indian film that was awarded a Palme d’Or.

16) Answer: B

India’s Dr Gagandeep Kang has been awarded the 2024 John Dirks Canada Gairdner GloShe is the first Indian woman to get this award and says it is a huge honour for all the work that she and her colleagues did while at Christian Medical College, Vellore.
The Toronto-based Gairdner Foundation was set up in 1958 with a donation from philanthropist James A Gairdner.
The awards have become Canada’s most prestigious prize for breakthrough research conducted around the world in biomedical science.
bal Health Award for her achievements in global health research.

Detailed Explanation:

India’s Dr Gagandeep Kang has been awarded the 2024 John Dirks Canada Gairdner Global Health Award for her achievements in global health research.
It is the most well-recognised global health award.
The John Dirks Award in global health is awarded by the Gairdner Foundation in Canada.
She is the first Indian woman to get this award and says it is a huge honour for all the work that she and her colleagues did while at Christian Medical College, Vellore.
The Toronto-based Gairdner Foundation was set up in 1958 with a donation from philanthropist James A Gairdner.
The awards have become Canada’s most prestigious prize for breakthrough research conducted around the world in biomedical science.
Five international awards plus one for advancing global health are bestowed annually. Recipients also collect $100,000 each.

17) Answer: C

Anurag Kumar, a senior Indian Police Service (IPS) officer, has been appointed to the position of Joint Director (JD) at the Central Bureau of Investigation (CBI).
The appointment was made as per an order from the Personnel Ministry.
His tenure in this position is approved until February 24, 2027.

Detailed Explanation:

Anurag Kumar, a senior Indian Police Service (IPS) officer, has been appointed to the position of Joint Director (JD) at the Central Bureau of Investigation (CBI).
The appointment was made as per an order from the Personnel Ministry.
His tenure in this position is approved until February 24, 2027.
Anurag Kumar belongs to the 2004 batch of the Indian Police Service (IPS) and is from the Assam-Meghalaya cadre.
He is currently serving in the Bureau of Police Research and Development (BPR&D)

18) Answer: B

Former Pakistan Prime Minister and senior Pakistan Peoples Party (PPP) leader Yusuf Raza Gilani was elected unopposed as chairman of the Pakistani Senate days after the PPP and Pakistan Muslim League-Nawaz-led (PML-N) coalition swept the elections.
PML-N’s Saidal Khan Nasir was elected as the deputy chairman .
Senate Secretary Qasim Samad Khan confirmed their election to the top roles in the upper house of Pakistan parliament.
A total of 41 newly elected Senators were sworn in as members of the House in a session of Pakistan’s Senate.

Detailed Explanation:

Former Pakistan Prime Minister and senior Pakistan Peoples Party (PPP) leader Yusuf Raza Gilani was elected unopposed as chairman of the Pakistani Senate days after the PPP and Pakistan Muslim League-Nawaz-led (PML-N) coalition swept the elections.
PML-N’s Saidal Khan Nasir was elected as the deputy chairman .
Senate Secretary Qasim Samad Khan confirmed their election to the top roles in the upper house of Pakistan parliament.
A total of 41 newly elected Senators were sworn in as members of the House in a session of Pakistan’s Senate.
The lawmakers took oath amid protests by Pakistan Tehreek-e-Insaf (PTI) leaders.
The Pakistan Muslim League – Nawaz (PML-N)-led coalition secured 19 seats, sweeping the Senate elections. The ruling coalition now controls 59 of the 85 seats in the centre.
Pakistan’s Foreign Minister Ishaq Dar, who secured a win in a technocrat seat, is the presiding officer for the first session of the Senate.
PTI Senator Mohammad Humayun Mohmand objected, arguing that a presiding officer should be someone who was already a Senator.

19) Answer: D

According to new research surveying cybercrime experts from around the world, India ranked 10th in cybercrime, with fraud involving people asking for advance fee payments as the most common type.
An international team of researchers has prepared a ‘World Cyber Crime Index’ which ranks nearly 100 countries.
Russia and Ukraine are highly technical cybercrime hubs, while Nigerian cyber criminals are engaged in less technical forms of cybercrime.
Russia topped the list, and was followed by Ukraine, China, the US, Nigeria and Romania.

Detailed Explanation:

According to new research surveying cybercrime experts from around the world, India ranked 10th in cybercrime, with fraud involving people asking for advance fee payments as the most common type.
An international team of researchers has prepared a ‘World Cyber Crime Index’ which ranks nearly 100 countries.
It identifies major hotspots according to different categories of cybercrime, including ransomware, credit card theft, and scams.
It also includes scams such as hacking, compromised accounts, theft of data and identity, including credit cards, and advance fee fraud and money laundering involving illicit virtual currency.
Russia and Ukraine are highly technical cybercrime hubs, while Nigerian cyber criminals are engaged in less technical forms of cybercrime.
Russia topped the list, and was followed by Ukraine, China, the US, Nigeria and Romania.
India was found to be an “specialising” in scams. Furthermore, while Romania and the US were found to “specialize” in both high-tech and low-tech crimes, India was found to be a “balanced hub”, “specializing” in mid-tech crimes.

20) Answer: E

India is among the twelve countries responsible for 60 percent of the planet’s mismanaged plastic waste though the fast-developing South Asian nation’s per capita plastic waste production is among the lowest in the world, according to a new report.
The report comes ahead of the fourth meeting of the United Nations’ Intergovernmental Negotiating Committee (INC) in Ottawa, Canada, as the world leaders attempt to develop a legally binding instrument to end plastic pollution.
Twelve countries are responsible for 60 per cent of the world’s mismanaged plastic waste: China, India, Russia, Brazil, Mexico, Vietnam, Iran, Indonesia, Egypt, Pakistan, the United States and Turkey.
Oman tops the list of countries in terms of mismanaged plastic waste, with a projected 111 kg of mismanaged plastic per person in 2024.

Detailed Explanation:

India is among the twelve countries responsible for 60 percent of the planet’s mismanaged plastic waste though the fast-developing South Asian nation’s per capita plastic waste production is among the lowest in the world, according to a new report.
The Plastic Overshoot Day report by Swiss non-profit EA Earth Action also said global plastic waste generation has risen by 7.11 per cent since 2021.
The world is estimated to have generated 220 million tons of plastic waste this year, 70 million tons of which will pollute the environment.
The report comes ahead of the fourth meeting of the United Nations’ Intergovernmental Negotiating Committee (INC) in Ottawa, Canada, as the world leaders attempt to develop a legally binding instrument to end plastic pollution.
Twelve countries are responsible for 60 per cent of the world’s mismanaged plastic waste: China, India, Russia, Brazil, Mexico, Vietnam, Iran, Indonesia, Egypt, Pakistan, the United States and Turkey.
Oman tops the list of countries in terms of mismanaged plastic waste, with a projected 111 kg of mismanaged plastic per person in 2024.
This is 30 times higher than Norway.
India is in the bottom 12 countries.
Each country has its own “Plastic Overshoot Day”, determined by the amount of plastic waste generated and the country’s capacity to manage it.
India will reach its Plastic Overshoot Day on April 23.

21) Answer: C

Gopi Thotakura, an entrepreneur and a pilot, is set to become the first Indian to venture into space as a tourist on Amazon founder Jeff Bezos’s Blue Origin’s NS-25 mission.
Selection and Crew:Thotakura was chosen as one of the 6 crew members for the NS-25 mission, making him the first Indian space tourist.
He will be the 2nd Indian to venture into space after Indian Army’s Wing Commander Rakesh Sharma in 1984.
Background on Rakesh Sharma:Rakesh Sharma became the first Indian astronaut when he flew to the Soviet Union’s Salyut-7 space station in 1984 on a Soviet Soyuz T-11 rocket.
Details of the Mission:The NS-25 mission will mark the 7th human flight for Blue Origin’s New Shepard program and the 25th in its history

Detailed Explanation:

Gopi Thotakura, an entrepreneur and a pilot, is set to become the first Indian to venture into space as a tourist on Amazon founder Jeff Bezos’s Blue Origin’s NS-25 mission.
Selection and Crew:Thotakura was chosen as one of the 6 crew members for the NS-25 mission, making him the first Indian space tourist.
He will be the 2nd Indian to venture into space after Indian Army’s Wing Commander Rakesh Sharma in 1984.
Background on Rakesh Sharma:Rakesh Sharma became the first Indian astronaut when he flew to the Soviet Union’s Salyut-7 space station in 1984 on a Soviet Soyuz T-11 rocket.
Details of the Mission:The NS-25 mission will mark the 7th human flight for Blue Origin’s New Shepard program and the 25th in its history.
New Shepard is a fully reusable sub-orbital launch vehicle developed for space tourism.
Significance of New Shepard:The New Shepard program has flown 31 humans above the Karman line, which is the proposed conventional boundary between Earth’s atmosphere and outer space.
Thotakura’s Background:Gopi Thotakura, born in Andhra Pradesh, is a graduate of Embry-Riddle Aeronautical University.
First Crewed Flight Since NS-22:The NS-25 mission will be the first crewed flight for the fully-reusable New Shepard rocket since NS-22 in 2022.
Grounding of Blue Origin’s Fleet.Blue Origin’s fleet of rockets, named after Alan Shepard, the first American to go to space, was grounded after an engine failure caused a crash during an uncrewed mission in September 2022.

22) Answer: D

Researchers at the Indian Institute of Science (IISc) have developed a sustainable hydrogel specifically designed to remove microplastics from water.
Composition : The hydrogel utilizes a complex interpenetrating polymer network (IPN) architecture composed of chitosan, polyvinyl alcohol, and polyaniline.
Catalytic Nanoclusters ; This structure is infused with nanoclusters of copper substitute polyoxometalate (Cu-POM), which act as catalysts under UV light irradiation to degrade microplastics.
The hydrogel could last for up to five cycles of microplastic removal without significant loss of efficacy.

Detailed Explanation:

Researchers at the Indian Institute of Science (IISc) have developed a sustainable hydrogel specifically designed to remove microplastics from water.
Composition : The hydrogel utilizes a complex interpenetrating polymer network (IPN) architecture composed of chitosan, polyvinyl alcohol, and polyaniline.
Catalytic Nanoclusters ; This structure is infused with nanoclusters of copper substitute polyoxometalate (Cu-POM), which act as catalysts under UV light irradiation to degrade microplastics.
Stability and Reusability : The synergistic effect of the polymers intertwined with the catalytic nanoclusters enhances the hydrogel’s stability across various temperatures and also enables it to adsorb and degrade large quantities of microplastics efficiently.
The hydrogel could last for up to five cycles of microplastic removal without significant loss of efficacy.
Efficiency : This hydrogel efficiently removes about 95% and 93% of two different types of microplastics in water, at a near-neutral pH highlighting its potential as a significant solution in water purification technologies.
Additional Applications : This hydrogel can also be converted into carbon nanomaterials that are capable of extracting heavy metals, such as hexavalent chromium, from contaminated water.

23) Answer: B

Dipendra Singh Airee of Nepal became only the third player to hit six sixes in an over in a T20I during the match against Qatar.
Airee hit Kamran Khan for 36 runs in the last over of the innings during the seventh match of the ACC Men’s Premier Cup being held at AI Amerat Cricket Ground in Oman.

Detailed Explanation:

Dipendra Singh Airee of Nepal became only the third player to hit six sixes in an over in a T20I during the match against Qatar.
Airee hit Kamran Khan for 36 runs in the last over of the innings during the seventh match of the ACC Men’s Premier Cup being held at AI Amerat Cricket Ground in Oman.
Dipendra ended up with a score of 64 in 21 balls which included three fours and seven sixes.
The Nepalese batter previously broke the record – of Yuvraj Singh’s 12-ball half-century – for the fastest T20I fifty in nine balls against Mongolia during the 2023 Asian Games held in Hangzhou, China.
In the same innings, Dipendra also hit five sixes in one over and one more on his first ball of the next over, hitting sixes in consecutive six balls.

24) Answer: B

Penguin Random House India has announced that a book on the life and times of former Reserve Bank of India governor Duvvuri Subbarao will be released on April 30.
Titled “Just A Mercenary?: Notes from My Life and Career,” the book is said to chronicle the remarkable journey of a small-town boy from a modest background to the top echelons of India’s civil services, and then to the helm of the country’s central bank.
Duvvuri Subbarao is an Indian economist, central banker, and retired IAS officer. He was the 22nd governor of the Reserve Bank of India, serving under Prime Minister Dr. Manmohan Singh.

Detailed Explanation:

Penguin Random House India has announced that a book on the life and times of former Reserve Bank of India governor Duvvuri Subbarao will be released on April 30.
Titled “Just A Mercenary?: Notes from My Life and Career,” the book is said to chronicle the remarkable journey of a small-town boy from a modest background to the top echelons of India’s civil services, and then to the helm of the country’s central bank.
Subbarao served as the governor of RBI for five years, preceded by his roles as finance secretary and secretary to the prime minister’s Economic Advisory Council.
Additionally, he was a lead economist at the World Bank for over five years.
Duvvuri Subbarao is an Indian economist, central banker, and retired IAS officer. He was the 22nd governor of the Reserve Bank of India, serving under Prime Minister Dr. Manmohan Singh.
He held this position for five years, from 2008 to 2013.
Prior to his appointment as governor, Subbarao was the finance secretary to the government of India from 2007-08 and the secretary to the Prime Minister’s Economic Advisory Council from 2005-07.

25) Answer: C

Renowned Italian fashion designer Roberto Cavalli, celebrated for his bold python and extravagant animal prints that captivated the global jet set, has passed away at the age of 83.
Cavalli was born on 15 November 1940 in Florence,Italy renowned for its leatherwork and craftsmanship.
In 2005, he was commissioned to reimagine the wardrobe of the legendary Playboy Bunnies, introducing a captivating interpretation adorned with his iconic leopard print.

Detailed Explanation:

Renowned Italian fashion designer Roberto Cavalli, celebrated for his bold python and extravagant animal prints that captivated the global jet set, has passed away at the age of 83.
Cavalli was born on 15 November 1940 in Florence,Italy renowned for its leatherwork and craftsmanship.
He debuted in the 1970s with daring designs that were embraced by icons like Sophia Loren and Brigitte Bardot.
Cavalli’s designs were known for their skin-baring and popping style, captivating successive generations of stars, including Kim Kardashian and Jennifer Lopez.
In 2005, he was commissioned to reimagine the wardrobe of the legendary Playboy Bunnies, introducing a captivating interpretation adorned with his iconic leopard print.
Expanding his fashion empire beyond apparel, Cavalli ventured into home furnishings, wine, footwear, jewellery, and even launched a line of vodka, featuring a bottle elegantly encased in luxurious snakeskin.

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Daily Current Affairs Quiz – 14th & 15th April 2024

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