Current Affairs Quiz: 14 March 2024

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1. Which company has recently (in March ‘24) signed an MoU with the Ministry of Rural Development (MoRD) to train Deendayal Antyodaya Yojana- National Rural Livelihoods Mission (DAY-NRLM)‘s Women Self Help Groups (SHG) members under the Lakhpati Didi Yojana?
   1) Cleartrip
   2) Easy Trip Planner Limited
   3) MakeMyTrip
   4) Trivago N.V
   5) Transcorp International Limited
   
   Answer & Explanation

   Answer-2) Easy Trip Planner Limited
   Explanation:
   New Delhi (Delhi) based Easy Trip Planner Limited (EaseMyTrip.com) signed a Memorandum of Understanding (MoU) with the Ministry of Rural Development (MoRD) to train Deendayal Antyodaya Yojana- National Rural Livelihoods Mission (DAY-NRLM)‘s Women Self Help Groups (SHG) members under the Lakhpati Didi Yojana.
   i. The initiative aims to focus on women-led skill development, thereby promoting entrepreneurial skills and financial independence among rural women.
   
   
   
2. In March 2024, the Ministry of Defence (MoD) signed a Rs ________ Deal with Big Bang Boom Solutions Private Limited (BBBS) Under the Innovations for Defence Excellence (iDEX) initiative for Anti-drone Systems to Indian Army &  Indian Air Force (IAF).
   1) 400 crore
   2) 150 crore
   3) 350 crore
   4) 200 crore
   5) 300 crore
   
   Answer & Explanation

   Answer- 4) 200 crore
   Explanation:
   The Ministry of Defence (MoD) signed a Rs 200 crore contract for anti-drone systems for the Indian Army and Indian Air Force (IAF) with Chennai (Tamil Nadu)-based Big Bang Boom Solutions Private Limited (BBBS), India’s fastest-growing defence sector start-up.
   i. This marks the largest contract signed by the MoD under the Innovations for Defence Excellence (iDEX) initiative and one of the largest contracts signed with an Indian startup.
   
   
   
3. In March 2024, Panama became the __________ member of the International Solar Alliance (ISA).
   1) 80th
   2) 97th
   3) 86th
   4) 90th
   5) 82nd
   
   Answer & Explanation

   Answer-2) 97th
   Explanation:
   Panama joined the International Solar Alliance (ISA) as its 97th member, showing its commitment to advancing solar energy in the energy sector.
    In this regard, Panama’s Ambassador to India Yasiel Burillo handed over the Instrument of Ratification to Joint Secretary (Economic Diplomacy) Abhishek Singh, Ministry of External affairs (MEA) during the meeting in New Delhi, Delhi.
   Notably, on March 5th, Malta became the 119th Signatory country to join the ISA.
   
   
   
4. According to Reserve Bank of India (RBI)’s Annual Report of Ombudsman Scheme, 2022-23 released in March 2024, the number of complaints received by the Offices of the RBI Ombudsman (ORBIOs) and Centralised Receipt and Processing Centre (CRPC) increased by _________ in FY23.
   1) 70.20%
   2) 60.01%
   3) 68.24%
   4) 63.10%
   5) 59.90%
   
   Answer & Explanation

   Answer- 3) 68.24%
   Explanation:
   According to Reserve Bank of India (RBI)’s Annual Report of Ombudsman Scheme, 2022-23, the number of complaints received by the Offices of the RBI Ombudsman (ORBIOs) and Centralised Receipt and Processing Centre (CRPC) increased by 68.24% to 7,03,544 during fiscal year 2022-23 (FY23) compared to 4,18,184 complaints during FY22.
   i. The report, released on 11th March 2024, is the 1st stand alone report under Reserve Bank – Integrated Ombudsman Scheme (RB-IOS), 2021 explaining the activities of the 22 ORBIOs, CRPC and the Contact Centre.
   
   
   
5. Name the bank that has recently (in March ‘24) launched India’s first contactless payment wearable.
   1) Axis Bank
   2) HDFC Bank
   3) ICICI Bank
   4) YES Bank
   5) IndusInd Bank
   
   Answer & Explanation

   Answer-5) IndusInd Bank
   Explanation:
   IndusInd Bank Limited has launched its contactless payments wearable ‘Indus PayWear’ which is India’s first all-in-one tokenizable wearable for both debit and credit cards exclusively on Mastercard.
    The device aims to offer unparalleled flexibility, convenience, and security to users.
   
   
   
6. In March 2024, the Small Industries Development Bank of India (SIDBI) received the Green Climate Fund’s (GCF) approval for its first anchored project, the Avaana Sustainability Fund (ASF), valued at USD _____________.
   1) 120 million
   2) 240 million
   3) 200 million
   4) 180 million
   5) 150 million
   
   Answer & Explanation

   Answer- 1) 120 million
   Explanation:
   The Small Industries Development Bank of India (SIDBI) has secured approval from the Green Climate Fund (GCF) for its first anchored project, the Avaana Sustainability Fund (ASF), valued at USD 120 million.
    GCF will contribute USD 24.5 million to ASF.
    This was announced during the 38th board meeting of GCF held in Kigali, Rwanda from 5-7 March 2024.
   
   
   
7. Which bank has recently (in March ‘24) launched ‘Green Term Deposit Scheme’ to raise deposits to finance eligible environment-friendly projects and sectors?
   1) Canara Bank
   2) Federal Bank
   3) State Bank of India
   4) Union Bank of India
   5) Bank of Baroda
   
   Answer & Explanation

   Answer-5) Bank of Baroda
   Explanation:
   Bank of Baroda (BoB), one of India’s leading public sector banks, has launched ‘bob Earth Green Term Deposit Scheme’ to raise deposits to finance eligible environment-friendly projects and sectors.
   i. The scheme offers stable & secure financial returns along with an opportunity to contribute to a greener planet.
   ii. Eligibility: The General Public/Resident Indians, Non-Resident Indians (NRIs) and High Net worth Individuals (HNI) investors are all eligible to invest in the scheme.
   
   
   
8. Who has recently (in March ‘24) sworn in as the 14th President of the Islamic Republic of Pakistan for the 2nd time?
   1) Wasim Sajjad
   2) Muhammad Rafiq Tarar
   3) Asif Ali Zardari
   4) Mamnoon Hussain
   5) Pervez Musharraf
   
   Answer & Explanation

   Answer-3) Asif Ali Zardari
   Explanation:
   Asif Ali Zardari, co-chairman of the center-left Pakistan People’s Party (PPP) was sworn in as the 14th President of the Islamic Republic of Pakistan for the 2nd time. Previously, he served as the 11th President of Pakistan from 9th September 2008 to 9th September 2013.
   i. Asif Ali Zardari replaced Arif Alvi, who stayed in office for 5 months after completing his 5-year term in September 2023.
   ii. Chief Justice of Pakistan Qazi Faez Isa administered the oath to Asif Ali Zardari at Aiwan-e-Sadr, the Presidential Palace in Islamabad, Pakistan.
   
   
   
9. Which of the following Indian badminton players have recently (in March ‘24) won the men’s doubles title at the finals of the YONEX French Open 2024 held in Paris, France?
   1) Lakshya Sen and Srikanth Kidambi
   2) Satwiksairaj Rankireddy and Chirag Shetty
   3) Chirag Shetty and Lakshya Sen
   4) Satwiksairaj Rankireddy and Srikanth Kidambi
   5) Prannoy H. S. and Chirag Shetty
   
   Answer & Explanation

   Answer-2) Satwiksairaj Rankireddy and Chirag Shetty
   Explanation:
   The Indian badminton pair Satwiksairaj Rankireddy and Chirag Shetty won the men’s doubles title by defeating Chinese Taipei’s Lee Jhe-Huei and Yang Po-Hsuan at the finals of the YONEX French Open 2024.
    The 94th edition of the French Open, the Badminton World Federation (BWF) World Tour Super 750 Badminton tournament, was held from 5-10th March 2024 at the Arena Porte de la Chapelle, Paris, France.
   Winners of French Open 2024:

   Championship	Winner	Runner
   Men’s Singles	Shi Yu Qi (China)	Kunlavut Vitidsaran (Thailand)
   Women’s Singles	An Se Young (South Korea)	Akane Yamaguchi (Japan)
   Men’s Doubles	Satwiksairaj Rankireddy and Chirag Shetty (India)	Lee Jhe-Huei and Yang Po-Hsuan (Chinese Taipei)
   Women’s Doubles	Chen QingChen and Jia Yi Fan (China)	Nami Matsuyama and Chiharu Shida (Japan)
   Mixed Doubles	Feng Yanzhe and Huang Dongping (China)	Seo Seung-Jae and Chae Yoo-Jung (South Korea)

   
   
10. In March 2024, Nayab Singh Saini was sworn in as the 11th Chief minister (CM) of ________________ (state).
    1) Madhya Pradesh
    2) Haryana
    3) Rajasthan
    4) Jharkhand
    5) Odisha
    
    Answer & Explanation

    Answer-2) Haryana
    Explanation:
    On 12th March 2024, Nayab Singh Saini, Haryana State President of the Bharatiya Janata Party (BJP) and a Member of Parliament (MP) elected from the Kurukshetra Constituency, was sworn in as the 11th Chief minister (CM) of Haryana.
     Haryana Governor Bandaru Dattatreya administered oath of office and secrecy to Nayab Singh Saini in the event held in Chandigarh.
     Nayab Singh Saini succeeded Manohar Lal Khattar who stepped down resulting in a split in the BJP-Jannayak Janata Party (BJP-JJP) alliance which had ruled the state since 2019.