Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2024 of 25th May 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.
1) To improve bilateral relations with India, the Maldives intends to use RuPay. How many million dollars is the estimated savings from the shift for Male in terms of the annual import bill for the two countries?
(a) $1.2million
(b) $1.3million
(c) $1.4million
(d) $1.5million
(e) $1.8million
2) SEBI Establishes Guidelines for Managing Pricing Impact Following Company Rumor Verifications. The unaffected price will be valid for either 60 days or how many days, depending on the stage of the transaction?
(a) 90days
(b) 120days
(c) 180days
(d) 100days
(e) 150days
3) How many lakh crores of surplus transfer to the government has the Reserve Bank of India Board approved for FY24?
(a) Rs 2.10lakhs crore
(b) Rs 2.11lakhs crore
(c) Rs 2.12lakhs crore
(d) Rs 2.13lakhs crore
(e) Rs 2.14lakhs crore
4) SEBI relaxes minimum promoter contribution rules to facilitate the IPO process. Previously, SEBI’s regulations required at least what percentage of promoters’ shares to be locked in for a specific period post-listing following an IPO?
(a) 10%
(b) 20%
(c) 30%
(d) 40%
(e) 25%
5) The RBI increased its gold reserves by 24 tonnes in the first four months of 2024 as a hedge against geopolitical volatility. This increase is roughly 1.5 times the volume contributed for the full year of 2023, which was how many tonnes?
(a) 15
(b) 12
(c) 16
(d) 18
(e) 14
6) Spain has joined the International Solar Alliance as the 99th member. How many nations have signed the ISA Framework Agreement so far?
(a) 114
(b) 115
(c) 116
(d) 117
(e) 119
7) Oman named the season’s first severe cyclonic storm in the Bay of Bengal, ‘Remal,’ which reached Bangladesh and bordering West Bengal beaches. After this, which nation will be named “Asna”?
(a) Bangladesh
(b) Nepal
(c) Pakistan
(d) Srilanka
(e) Bhutan
8) Which fintech infrastructure provider has launched a fully RBI-compliant next-generation payment aggregator stack for India?
(a) Square
(b) Decentro
(c) Coinbase
(d) Chime
(e) Fostering Global
9) POWERGRID obtains global distinction for Learning & Development, including the ATD Best Awards for the third time. In which country was the event held?
(a) UK
(b) USA
(c) Japan
(d) Australia
(e) Singapore
10) NTPC receives global acclaim for talent development, ranking third at the ATD BEST Awards 2024. Notably, NTPC is the only PSU that has got this coveted award for how many times?
(a) 5
(b) 4
(c) 6
(d) 7
(e) 8
11) According to Oxford Economics’ Global Cities Index, that ranks the world’s 1000 largest cities according to factors like economics and human capital, Delhi comes in at 350th place. Which city is ranked highest?
(a) London
(b) Paris
(c) Zurich
(d) New York
(e) Melbourne
12) The results of the first global mangrove assessment show that over half of the world’s mangrove ecosystems are at risk of collapsing, with almost one in five being at severe risk. How many distinct regions, or provinces, did this study classify the world’s mangrove ecosystems into and evaluate the risks and likelihood of collapse in each region?
(a) 32
(b) 33
(c) 34
(d) 36
(e) 38
13) The World Bank report, “Water for Shared Prosperity,” was presented in Indonesia during which iteration of World Water Forum?
(a) 11th
(b) 12th
(c) 10th
(d) 9th
(e) 8th
14) What percentage of Disney’s Tata Play stake will be sold to Tata Group, valued at $1 billion?
(a) 10%
(b) 20%
(c) 30%
(d) 40%
(e) 25%
15) Jyoti Ratre, a businesswoman and fitness enthusiast from which state, has become the oldest Indian woman to climb Mount Everest?
(a) Uttar Pradesh
(b) Arunachal Pradesh
(c) Madhya Pradesh
(d) Karnataka
(e) Odisha
16) Which business unveiled ‘Copilot+’ PCs with unique ‘Recall’ AI functionality?
(a) Microsoft
(b) Apple
(c) Alphabet
(d) Dell
(e) Lenovo
17) Elon Musk introduces SpaceX’s Satellite Internet Service in Indonesia. Each Starlink satellite has a projected lifespan of about how many years?
(a) 2years
(b) 4years
(c) 5years
(d) 8years
(e) 10years
18) Elon Musk debuted SpaceX’s satellite internet service in Indonesia. How many Indonesian health facilities have started using Starlink?
(a) 2
(b) 3
(c) 4
(d) 5
(e) 6
19) The World Water Forum is a large-scale international event conducted every three years. The first forum was held at Marrakesh, Morocco, during which year?
(a) 1992
(b) 1993
(c) 1995
(d) 1997
(e) 1999
20) According to Oxford Economics, Delhi is positioned 350th out of 1000 cities worldwide. Which Indian city has the lowest ranking, coming in at number 1,000 out of all of them?
(a) Chennai
(b) Kozhikode
(c) Aizwal
(d) Sultanpur
(e) Kohima
Answers :
1) Answer: D
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2) Answer: C
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3) Answer: B
Short Explanation:
The Central Board of the Reserve Bank of India (RBI) approved the highest-ever surplus transfer/dividend of Rs 2.11 lakh crore to the Central government for the accounting year 2023-24.
The decision on the surplus transfer was made during the 608th meeting of the Central Board of Directors of the Reserve Bank of India, held in Mumbai, Maharashtra.
Economic Capital Framework (ECF):The transferable surplus for the year 2023-24 was determined based on the Economic Capital Framework (ECF).
ECF provides a methodology for determining the appropriate level of risk provisions and profit distribution as per Section 47 of the RBI Act 1934.
Expert Committee and Recommendations:The ECF was adopted by the Reserve Bank on August 26, 2019, based on the recommendations of the Expert Committee chaired by Dr. Bimal Jalan.
Detailed Explanation:
The Central Board of the Reserve Bank of India (RBI) approved the highest-ever surplus transfer/dividend of Rs 2.11 lakh crore to the Central government for the accounting year 2023-24.
The decision on the surplus transfer was made during the 608th meeting of the Central Board of Directors of the Reserve Bank of India, held in Mumbai, Maharashtra.
Economic Capital Framework (ECF):The transferable surplus for the year 2023-24 was determined based on the Economic Capital Framework (ECF).
ECF provides a methodology for determining the appropriate level of risk provisions and profit distribution as per Section 47 of the RBI Act 1934.
Expert Committee and Recommendations:The ECF was adopted by the Reserve Bank on August 26, 2019, based on the recommendations of the Expert Committee chaired by Dr. Bimal Jalan.
Profit Distribution to Central Government:The central bank is mandated to pay the balance of its profits to the central government after accounting for bad and doubtful debts, asset depreciation, and staff contributions.
Contingent Risk Buffer (CRB):The Committee recommended maintaining the CRB within a range of 6.5% to 5.5% of the RBI’s balance sheet to cover monetary, financial stability, credit, and operational risks.
CRB Management During Economic Conditions:During the accounting years 2018-19 to 2021-22, the CRB was maintained at 5.50% of the RBI’s Balance Sheet size due to prevailing macroeconomic conditions and the impact of the Covid-19 pandemic.
Revival in Economic Growth:With the revival in economic growth in FY 2022-23, the CRB was increased to 6.00%, and further raised to 6.50% for FY 2023-24, indicating confidence in the robustness and resilience of the economy.
Surplus Transfer Approval:The Board approved the transfer of ₹2,10,874 crore as surplus to the Central Government for the accounting year 2023-24.
The surplus transfer is for the fiscal year 2023-2024 but will reflect in the government’s account in the fiscal year 2025.
Purpose of Contingent Risk Buffer (CRB):The CRB serves as the country’s savings for a financial stability crisis, consciously maintained with the RBI due to its role as the Lender of Last Resort (LoLR).
It is a component of the RBI’s economic capital required to cover monetary and financial stability, credit, and operational risks.
Previous Surplus Transfers:In FY 2022-23, the RBI’s dividend to the government was Rs 87,416 crore.
4) Answer: B
Short Explanation:
The Securities and Exchange Board of India (SEBI) has permitted non-promoter shareholders to contribute towards the shortfall in minimum promoters’ contribution in an initial public offering (IPO) without being classified as promoters.
Previous Minimum Promoter Contribution Norms:Previously, SEBI’s norms required at least 20% of promoters’ shares to be locked in for a certain period post-listing after an IPO.
Detailed Explanation:
The Securities and Exchange Board of India (SEBI) has permitted non-promoter shareholders to contribute towards the shortfall in minimum promoters’ contribution in an initial public offering (IPO) without being classified as promoters.
Expansion of Contribution Sources:SEBI now allows promoter group entities and non-individual shareholders to contribute to the mandated promoters’ contribution without being identified as promoters.
Previous Minimum Promoter Contribution Norms:Previously, SEBI’s norms required at least 20% of promoters’ shares to be locked in for a certain period post-listing after an IPO.
Eligibility for Contribution:Non-promoter shareholders, excluding individuals holding more than 5% of the post-offer equity share capital, can now contribute towards the shortfall.
Impact on Technology Companies:This relaxation is particularly beneficial for new-age technology companies as founders’ shareholding often decreases after an IPO.
5) Answer: C
Short Explanation:
The Reserve Bank of India (RBI) added 24 tonnes of gold to its stock of reserves in 4 months from January to April, 2024 as a hedge against volatility amid geopolitical tensions.
This addition is nearly 1.5 times the volume added throughout the entire year of 2023, which was 16 tonnes.
Total Gold Reserves:As of April 26, 2024, the RBI held 827.69 tonnes worth of gold as part of its foreign exchange reserves.
Detailed Explanation:
The Reserve Bank of India (RBI) added 24 tonnes of gold to its stock of reserves in 4 months from January to April, 2024 as a hedge against volatility amid geopolitical tensions.
This addition is nearly 1.5 times the volume added throughout the entire year of 2023, which was 16 tonnes.
Total Gold Reserves:As of April 26, 2024, the RBI held 827.69 tonnes worth of gold as part of its foreign exchange reserves.
This represents an increase from 803.6 tonnes held as of the end of December.
Gold’s Share in Foreign Exchange Reserves:The share of gold in the total foreign exchange reserves rose from 7.75% as of the end of December 2023 to approximately 8.7% as of the end of April 2024.
6) Answer: E
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About ISA
7) Answer: C
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8) Answer: B
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9) Answer: B
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10) Answer: D
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11) Answer: D
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12) Answer: D
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13) Answer: C
Short Explanation:
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About World Water Forum
14) Answer: C
Short Explanation:
Walt Disney Co has sold its minority stake in Tata Play to Tata Group, indicating a strategic shift in its focus.
The transaction valued Tata Play Limited. at approximately $1 billion, showcasing the valuation process involved in corporate transactions.
As per the deal, Tata Group takes full control of the TV platform after buying the 29.8% stake from Disney.
Detailed Explanation:
Walt Disney Co has sold its minority stake in Tata Play to Tata Group, indicating a strategic shift in its focus.
Disney aims to concentrate on merging its Indian unit with Mukesh Ambani’s media arm, highlighting the importance of strategic alliances and mergers in the media industry.
The transaction valued Tata Play Limited. at approximately $1 billion, showcasing the valuation process involved in corporate transactions.
As per the deal, Tata Group takes full control of the TV platform after buying the 29.8% stake from Disney.
The deal comes as Disney signed a binding agreement in late February to combine its India unit with Viacom 18 Media Pvt creating an $8.5 billion entertainment giant.
About Tata Play :
Tata Play was incorporated in 2001– a joint venture between Tata Group and TFCF Corp.
The company provides pay television via set-top boxes and over-the-top video streaming through its app, as per Tata Sons’s website.
Tata Group raised its stake in Tata Play to over 70% after buying out Temasek Holding Pte’s stake earlier this year. .
Temasek first invested in Tata Sky, as it was known at the time, in 2007.
15) Answer: C
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16) Answer: A
Short Explanation:
Microsoft is innovating by introducing a new category of personal computers with AI features, emphasizing its efforts to integrate emerging technologies into its products.
The move reflects Microsoft’s strategy to compete with tech giants like Alphabet and Apple, highlighting the importance of innovation and competition in the technology sector.
Leadership and Product Launch:Chief Executive Satya Nadella unveiled the new “Copilot+” PCs, showcasing the leadership role in driving innovation and product development within Microsoft.
Detailed Explanation:
Microsoft is innovating by introducing a new category of personal computers with AI features, emphasizing its efforts to integrate emerging technologies into its products.
The move reflects Microsoft’s strategy to compete with tech giants like Alphabet and Apple, highlighting the importance of innovation and competition in the technology sector.
Leadership and Product Launch:Chief Executive Satya Nadella unveiled the new “Copilot+” PCs, showcasing the leadership role in driving innovation and product development within Microsoft.
The collaboration with manufacturers such as Acer and Asustek Computer demonstrates Microsoft’s ecosystem approach to product distribution and market penetration.
Technology Adoption and Partnerships:Microsoft’s introduction of Qualcomm chips based on Arm Holdings’ architecture in its Surface Pro tablet and Surface Laptop signifies the company’s adoption of new technologies and partnerships to enhance product performance and capabilities.
Cross-Platform Compatibility and Compatibility Solutions:The introduction of Prism technology, aimed at facilitating the compatibility of software designed for Intel and AMD chips with Arm-based chips, addresses the challenge of cross-platform compatibility.
17) Answer: C
Short Explanation:
Elon Musk and Indonesian Health Minister Budi Gunadi Sadikin launched SpaceX’s satellite internet service, Starlink, for Indonesia’s health sector.
The aim is to improve internet access in remote parts of Indonesia.
Starlink was launched at three Indonesian health centers, including two in Bali and one on the remote island of Aru in Maluku.
Each Starlink satellite has an estimated lifespan of about 5 years and primarily operates at an altitude of 550 km.
Detailed Explanation:
Elon Musk and Indonesian Health Minister Budi Gunadi Sadikin launched SpaceX’s satellite internet service, Starlink, for Indonesia’s health sector.
The aim is to improve internet access in remote parts of Indonesia.
Starlink was launched at three Indonesian health centers, including two in Bali and one on the remote island of Aru in Maluku.
Expansion in Southeast Asia : Indonesia is the 3rd country in Southeast Asia where Starlink will operate. Malaysia issued the firm a license to provide internet services last year and a Philippine-based firm signed a deal with SpaceX in 2022.
Usage in Ukraine:Starlink is extensively used in Ukraine by the military, hospitals, businesses, and aid organizations.
Starlink is a satellite network project developed by SpaceX, aimed at providing low-cost internet to remote locations.
It consists of a mega-constellation of satellites, with plans to expand up to 42,000 satellites, currently totaling 5,800 in orbit.
The satellites operate in Low Earth Orbit (LEO) at altitudes ranging from 350 km to 1,200 km, reducing latency in internet services.
Each Starlink satellite has an estimated lifespan of about 5 years and primarily operates at an altitude of 550 km.
18) Answer: B
Short Explanation:
Elon Musk and Indonesian Health Minister Budi Gunadi Sadikin launched SpaceX’s satellite internet service, Starlink, for Indonesia’s health sector.
The aim is to improve internet access in remote parts of Indonesia.
Starlink was launched at three Indonesian health centers, including two in Bali and one on the remote island of Aru in Maluku.
Expansion in Southeast Asia : Indonesia is the 3rd country in Southeast Asia where Starlink will operate. Malaysia issued the firm a license to provide internet services last year and a Philippine-based firm signed a deal with SpaceX in 2022.
Detailed Explanation:
Elon Musk and Indonesian Health Minister Budi Gunadi Sadikin launched SpaceX’s satellite internet service, Starlink, for Indonesia’s health sector.
The aim is to improve internet access in remote parts of Indonesia.
Starlink was launched at three Indonesian health centers, including two in Bali and one on the remote island of Aru in Maluku.
Expansion in Southeast Asia : Indonesia is the 3rd country in Southeast Asia where Starlink will operate. Malaysia issued the firm a license to provide internet services last year and a Philippine-based firm signed a deal with SpaceX in 2022.
Usage in Ukraine:Starlink is extensively used in Ukraine by the military, hospitals, businesses, and aid organizations.
Starlink is a satellite network project developed by SpaceX, aimed at providing low-cost internet to remote locations.
It consists of a mega-constellation of satellites, with plans to expand up to 42,000 satellites, currently totaling 5,800 in orbit.
The satellites operate in Low Earth Orbit (LEO) at altitudes ranging from 350 km to 1,200 km, reducing latency in internet services.
Each Starlink satellite has an estimated lifespan of about 5 years and primarily operates at an altitude of 550 km.
19) Answer: D
About World Water Forum
20) Answer: D
Short Explanation:
Detailed Explanation:
This post was last modified on May 27, 2024 11:59 am