AffairsCloud brings you the complete and important daily Current Affairs Quiz 1 & 2 January 2024 to achieve more marks in Banking, Insurance, UPSC, SSC, CLAT, Railways and all other competitive Exams. We have prepared the current affairs quiz question from our daily current affairs 2023 updates.
Our Current Affairs January 2024 events will help you to get more marks in Banking, Insurance, SSC, Railways, UPSC, CLAT and all State Government Exams. Also, try our Current Affairs Quiz.
- Which state government has recently (in Dec ‘23) ranked first for the third consecutive year in recording the highest entries on the Inter-Operable Criminal Justice System (ICJS) platform?
1) Uttar Pradesh
2) Jharkhand
3) Bihar
4) Madhya Pradesh
5) Odisha
Answer & Explanation
Answer-1) Uttar Pradesh
Explanation:
Uttar Pradesh (UP) has ranked first for the third consecutive year in recording the highest entries (1,56,22,514 entries) on the Inter-Operable Criminal Justice System (ICJS) platform.
With 35,04,828 entries Madhya Pradesh (MP) secured second position and Bihar is in third place with 16,65,107 entries.
i. ICJS is an initiative of the Supreme Court e-committee and implemented by the Ministry of Home Affairs (MoHA) in 2013.
ii. ICJS was created to enable the seamless transfer of data and information among different pillars of the criminal justice system, like courts, police, jails and forensic science laboratories through a single window system.
iii. Working: ICJS acts as a centralised database of criminal records; Phase II if ICJS extends from 2022-23 to 2025-26.
The ICJS Phase II works with the principle of ‘one data one entry’.
- In December 2023, the Ministry of Finance imposed a definitive anti-dumping duty on imports of ‘Wheel Loaders’ from ___________ (country) for a period of 5 years.
1) Japan
2) Indonesia
3) China
4) Singapore
5) Cambodia
Answer & Explanation
Answer- 3) China
Explanation:
The Ministry of Finance has imposed a definitive anti-dumping duty on imports of ‘Wheel Loaders’ from China for a period of 5 years. The duty rates, ranging from 18.84% to 82.71%, vary based on the producer and specific goods.
The duty will be applicable on imports in complete build unit (CBU) and semi-knocked down (SKD) forms, and not on the completely knocked down (CKD) form.
i. It has imposed a definitive anti-dumping duty on gypsum board/tiles with lamination at least on one side (also known as PVC gypsum tiles, gypsum ceiling tiles or ceiling tiles) from China and Oman for five years.
It will range from USD 23.46-47.62 per tonne in case of imports from China, and between USD 71.80-91.42 per metric tonne for Oman.
- As of January 2024, _____________(state) is set to build India’s first Artificial intelligence (AI) city to promote the AI ecosystem.
1) West Bengal
2) Uttar Pradesh
3) Bihar
4) Maharashtra
5) Odisha
Answer & Explanation
Answer-2) Uttar Pradesh
Explanation:
Uttar Pradesh (UP) is set to build India’s first Artificial intelligence (AI) city in Lucknow to promote the AI ecosystem. The AI city will be a hub integrating cutting-edge technology, research centres, and educational institutions.
i. U.P. Electronics Corporation Limited, the nodal agency of the project, has issued an Expression of Interest (EoI) inviting real estate developers to build and operate the AI city.
U.P. Electronics is a unit of the Department of Information Technology(IT) and Electronics, Government of UP.
ii. The government of UP will provide 40 acres in Nadarganj Industrial Area for the project.
- Which of the following points is/are “correct” with respect to the Report on Trend and Progress of Banking in India (2022-2023) released by the Reserve Bank of India (RBI) in December 2023?
A) The remuneration of Managing Director (MD) and Chief Executive Officer (CEO) of SFBs was 28.4 times the average employee pay in 2022.
B) The RBI revealed that grievances related to loans and advances, deposits increased exponentially to 60%, 70% respectively at the Reserve Bank of Ombudsman.
C) The total number of Automated Teller Machines (ATMs) in India increased by 3.5% in FY22.
1) Only A
2) Only A & B
3) Only B & C
4) Only A & C
5) All A, B & C
Answer & Explanation
Answer-3) Only B & C
Explanation:
The Reserve Bank of India (RBI) released the report titled “Report on Trend and Progress of Banking in India” (2022-2023).
The report provides comprehensive data about the state of the banking system in India.
i. As per the RBI report, the gap in the remuneration between top executives and average employees is widest for Small Finance Banks (SFBs).
It mentioned that remuneration of Managing Director(MD) and Chief Executive Officer(CEO) of SFBs was 58.1 times the average employee pay in 2022.
Compared to SFBs, remuneration of MD and CEO of Private Sector Banks(PVSBs), Public Sector Banks(PSBs) was 26.1 times and 2.4 times of average employee pay in 2022.
For Private Sector Banks (PVBs), the share of variable pay in total remuneration increased from 31 %( at March-end 2021) to 39 %( at March-end 2022).
ii. According to the report, RBI urged the Urban Co-operative Banks(UCBs) that they need to discourage very long and continuous tenures of their directors, in accordance with the provisions of the Banking Regulation Act(1949)
iii. The RBI revealed that grievances related to loans and advances, deposits increased exponentially to 60%, 70% respectively at the Reserve Bank of Ombudsman.
iv. RBI report showed that the total number of Automated Teller Machines(ATMs) in India increased by 3.5% in FY22. White-label ATMs accounted for the maximum number of ATMs.
- In December, 2023, the Reserve Bank of India (RBI) extended the deadline for implementation of Instructions regarding Penal Charges in Loan Accounts to __________.
1) 1st March 2024
2) 1st May 2024
3) 1st April 2024
4) 1st June 2024
5) 1st February 2024
Answer & Explanation
Answer- 3) 1st April, 2024
Explanation:
On December 29, 2023, the Reserve Bank of India (RBI) extended the deadline for implementation of Instructions regarding Penal Charges in Loan Accounts by three months i.e. from January 1, 2024 to April 1, 2024, as a part of fair lending practices.
In this regard, all Regulated Entities (REs) must implement the new penal charges instructions for fresh loans from April 1, 2024.
In case of existing loans, the transition to the new regime should be ensured by the next review/renewal date on or after April 1, 2024, but no later than June 30, 2024.
i. This extension will be applicable to all Commercial Banks (including Small Finance Banks (SFBs), Local Area Banks and Regional Rural Banks (RRBs), excluding Payments Banks), All Primary (Urban) Co-operative Banks, All Non-Banking Financial Company-NBFC (including HFCs-Housing Finance Companies), and All India Financial Institutions.
- Name the bank that has recently (in Dec ‘23) launched a new scheme called ‘Inspire’ programme for senior citizens.
1) YES Bank
2) Axis Bank
3) HDFC Bank
4) ICICI Bank
5) Bandhan Bank
Answer & Explanation
Answer- 5) Bandhan Bank
Explanation:
Bandhan Bank Limited has launched a new scheme called ‘Inspire’ programme designed to cater to the specific needs and aspirations of senior citizens. It offers plans that focus on financial security, healthcare, and convenience of old age people.
i. Eligibility:
Individuals residing in India of age 60 years and above.
Monthly Average Balance (MAB) should be Rs.1 lakh for Premium Savings Account and Rs.25,000 for Advantage Savings Account.
- As per the “Half-Yearly Economic Review 2023-24-November 2023” released by the Department of Economic Affairs (DEA), Ministry of Finance in December 2023, India is expected to achieve a growth rate of over ___________in FY24.
1) 7.0%
2) 6.5%
3) 7.2%
4) 7.5%
5) 6.9%
Answer & Explanation
Answer-2) 6.5%
Explanation:
The “Half-Yearly Economic Review 2023-24-November 2023” released by the Department of Economic Affairs (DEA), Ministry of Finance, mentioned that India’s real Gross Domestic Product (GDP) grew by 7.7% in the first half (H1)of financial year 2023-2024 (FY24).
With this, India is expected to achieve a growth rate of over 6.5% in FY24.
India’s real GDP grew by a 7.6% on a year-on-year (YoY) basis in 2nd quarter (Q2) of FY24
i. The GDP growth during H1 of FY 24 was led by the strong domestic demand for consumption and investment.
ii. Private Final Consumption Expenditure (PFCE) increased by 4.5%, reaching 60.4% of GDP, the highest since FY12, excluding FY21.
- In December 2023, SpaceX launched US military’s secretive X-37-B military space plane onboard with ___________ rocket from Launch Complex 39A (LC-39A) at Kennedy Space Center in Florida, the United States of America (USA).
1) Razak Demo-2
2) Starhopper
3) Crew Dragon Demo-1
4) Falcon Heavy
5) Transporter-1
Answer & Explanation
Answer-4) Falcon Heavy
Explanation:
On 28th December 2023, SpaceX’s Falcon Heavy rocket carrying US military’s secretive X-37-B military space plane to orbit was launched from Launch Complex 39A (LC-39A) at Kennedy Space Center in Florida, the United States of America(USA).
The mission involves tests of ‘new orbital regimes, experimenting with future space domain awareness technologies.’
The mission codenamed “USSF-52” is the 7th mission of X-37B. This mission includes multiple cutting-edge experiments. This is the first time the X-37B is launched using a Falcon Heavy rocket.
i. About X-37B:
X-37B Orbital Test Vehicle, operating since 2010, was designed for the Air Force by United Launch Alliance, a joint venture between Boeing and Lockheed Martin.
It is 30 feet (9 meters) long, has a 15-foot wingspan and is powered by solar panels.
- Former Indian footballer (defender) ____________, passed away in December 2023.
1) Gouramangi Singh
2) Bhaichung Bhutia
3) Prabir Majumdar
4) Mahesh Gawli
5) Syed Rahim Nabi
Answer & Explanation
Answer-3) Prabir Majumdar
Explanation:
Former Indian footballer (defender) Prabir Majumdar, 77, passed away in Kolkata, West Bengal (WB). He played a significant role in the 1974 Asian Games (Tehran, Iran) as a member of the Indian team.
i. In domestic football, he represented East Bengal and Eastern Railways and Bengal in the Santosh Trophy.
ii. Majumdar won several titles with East Bengal, which included the Calcutta Football League, IFA Shield, Durand Cup, Rovers Cup, DCM Trophy, Bordoloi Trophy, and many more.
- Name the state government that has recently (in Dec ‘23) launched a Non-Resident Indians (NRI) website under the Department of NRI Affairs to provide support and assistance to NRIs.
1) West Bengal
2) Punjab
3) Madhya Pradesh
4) Karnataka
5) Maharashtra
Answer & Explanation
Answer-2) Punjab
Explanation:
Bhagwant Singh Mann, Chief Minister(CM) of Punjab, launched Non-Resident Indians (NRI) Punjab website(nri.punjab.gov.in), under the Department of NRI Affairs to provide support and assistance to NRIs.
The website was developed by the Department of Governance Reforms & Public Grievances (DGRPG), Government of Punjab in collaboration with National Informatics Centre (NIC), under the Ministry of Electronics and Information Technology (MeitY).
i. The website includes detailed information related to the NRI Police wing, Punjab State Commission for NRIs, and NRI Sabha. It also provides data on registered travel and immigration agents.
ii. Other Initiative: CM also announced a series of initiatve to enhance the services for NRIs which includes.
Organising NRI milnis (meets) for on-the-spot redressal of problems faced by the NRIs.
Establishment of a 24×7 ‘Facilitation Center’ at the International Terminal at Indira Gandhi International Airport at New Delhi, Delhi to assist the NRIs arriving at the terminal.
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