AffairsCloud brings you the complete and important daily Current Affairs Quiz 28 March 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 2024 updates.
Our Current Affairs March 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.
- In March 2024, the Telecom Regulatory Authority of India (TRAI) released the recommendations on Usage of Embedded Subscriber Identity Module (SIM) for Machine-to-Machine Communications (M2M) under __________ (Act).
1) TRAI Act, 1997
2) TRAI Act, 2000
3) TRAI Act, 2014
4) TRAI Act, 1992
5) TRAI Act, 2005Answer-1) TRAI Act, 1997
Explanation:
The Telecom Regulatory Authority of India (TRAI), released the recommendations on Usage of Embedded Subscriber Identity Module (SIM) for Machine-to-Machine Communications (M2M) under the TRAI Act 1997.
i. Additionally, TRAI has suggested a framework for eSIM profile switching and Subscription Manager-Secure Routing (SM-SR) swapping. This framework will encourage healthy competition in the market and offer M2M eSIM consumers a great deal of choice. - According to the India Employment Report 2024: Youth education, employment and skills’ published by the International Labour Organization (ILO) and the Institute of Human Development (IHD) in March 2024, India’s youth accounts for almost _______ of the unemployed workforce in India.
1) 74%
2) 62%
3) 83%
4) 72%
5) 69%Answer-3) 83%
Explanation:
According to the ‘India Employment Report 2024: Youth education, employment and skills’ jointly published by the International Labour Organization (ILO) and the Institute of Human Development (IHD), India’s youth accounts for almost 83% of the unemployed workforce in India.
The report was released by V.Anantha Nageswaran, Chief Economic Advisor (CEA) of India. - Which bank has recently (in March ’24) introduced digital opening of United States dollar Fixed Deposits (FD) for Non-Resident Indian (NRI) customers at Gujarat International Finance Tec (GIFT) City in Gandhinagar, Gujarat?
1) HDFC Bank
2) ICICI Bank
3) Axis Bank
4) RBL Bank
5) Federal BankAnswer-3) Axis Bank
Explanation:
On March 26, 2024, Axis Bank has introduced digital opening of US (United States) dollar Fixed Deposits (FD) for NRI (Non-Resident Indian) customers at its International Financial Services Centre/IFSC Banking Unit (IBU) in Gujarat International Finance Tec (GIFT) City in Gandhinagar, Gujarat.
i. With this, Axis Bank becomes the first bank to offer digitization of GIFT City Deposits.
ii. Customers can conveniently manage their FD digitally and enjoy flexible investment tenures ranging from seven days to ten years. - Which Bank /Organisation has recently (in March’ 24) signed a pact with the NTPC Limited for sourcing foreign currency loans of USD 200 million?
1) African Development Bank
2) International Monetary Fund
3) World Bank
4) Japan Bank for International Cooperation
5) Asian Development BankAnswer-4) Japan Bank for International Cooperation
Explanation:
The NTPC Limited (formerly known as National Thermal Power Corporation) has inked a pact with Japan Bank for International Cooperation (JBIC) for sourcing foreign currency loans of USD 200 million (Japanese Yen (JPY) 30 billion or around Rs 1,650 crore).
JBIC will provide 60% of the facility amount and the balance amount will be provided by other commercial banks under JBIC guarantee
i. Agreements signed for JPY 15 billion loans each for NTPC Ltd and NTPC Renewables Energy Ltd (NREL).
Of the 30 billion, the JBIC’s portion is only JPY 9 billion each. - Which company has recently (in March’ 24) introduced a first-of-its-kind Down Payment EMI (Equated Monthly Instalment) solution for online retail?
1) Razorpay Software Ltd
2) PhonePe Ltd
3) Paytm Mobile Solution Private Ltd
4) Easebuzz Private Ltd
5) PayU Payments Private LtdAnswer-5) PayU Payments Private Ltd
Explanation:
PayU Payments Private Limited(PayU), a leading payments solution provider in India, introduced a first-of-its-kind Down Payment EMI (Equated Monthly Instalment) solution for online retail.
i. This replicates the flexibility and convenience of down payment options available in offline EMIs. - According to the Preliminary data on India’s Balance of Payments (BoP) for Third Quarter Financial year 2024 (Q3FY24) released by the Reserve Bank of India (RBI) in March 2024, what was the current account deficit of India for Q3FY24?
1) 9.5 billion
2) 10.5 billion
3) 11.7 billion
4) 8.6 billion
5) 9.0 billionAnswer-2) 10.5 billion
Explanation:
On March 26, 2024, the Reserve Bank of India (RBI) released the Preliminary data on India’s Balance of Payments (BoP) for October-December 2023-24 i.e. Q3FY24. As per it, India’s Current Account Deficit (CAD) for Q3FY24 showed a deficit of USD 10.5 billion which is 1.2% of GDP (Gross Domestic Product).
i. It is lower than Q2FY24’s USD 11.4 billion (1.3% of GDP) and Q3FY23’s USD 16.8 billion (2.0% of GDP). - According to the “Insurance 100 2024” report released by Brand Finance in March 2024, _________________ emerged as the world’s strongest insurance brand with brand value up 0.04% to USD 9.8 billion.
1) UnipolSai Insurance
2) Cathay Life Insurance
3) Life Insurance Corporation of India
4) NRMA Insurance
5) Berkshire Hathaway IncAnswer- 3) Life Insurance Corporation of India
Explanation:
According to the “Insurance 100 2024” report by Brand Finance, independent brand valuation and strategy consultancy, India’s Life Insurance Corporation of India (LIC) has emerged as the world’s strongest insurance brand, with brand value up 0.04% to USD 9.8 billion. It has a Brand Strength Index (BSI) score of 88.3 and an associated AAA brand strength rating.
i. LIC is followed by Taiwan based Cathay Life Insurance(brand value up 9% to USD4.9 billion) and Australia based NRMA Insurance (brand value up 82% to USD1.3 billion) as 2nd and 3rd strongest insurance brands respectively.
ii. According to the report, China’s Ping An continues its reign as the world’s most valuable insurance brand for 6 consecutive years, showcasing a 4% increase in brand value to USD 33.6 billion.Click here to read more. - In March 2024, the Supreme Court (SC) appointed a seven-member expert committee for the preservation of the Critically Endangered _____________(bird/Mammals).
1) White-rumped vulture
2) Kashmir stag
3) Javan Rhinoceros
4) Great Indian Bustard
5) Namdapha Flying SquirrelAnswer-4) Great Indian Bustard
Explanation:
The Supreme Court(SC) bench led by Dhananjaya Yeshwant (DY) Chandrachud, Chief Justice of India (CJI), has appointed a seven-member expert committee for the preservation of the Critically Endangered Great Indian Bustard(GIB).
i. The SC has directed the committee to submit a report by July 2024 and listed the matter for the 2nd week of August 2024. - Name the portal that has recently (in March’ 24) launched by the Election Commission of India (ECI) to facilitate easier voting for Persons with Disabilities (PwDs).
1) Saksham
2) Nirmaya
3) Samarth
4) Sahyogi
5) AnudaanAnswer-1) Saksham
Explanation:
The Election Commission of India (ECI) has launched a new app called ‘Saksham’ to facilitate easier voting for Persons with Disabilities(PwDs).This will also enable the PwDs to avail facilities(like wheelchair) at the polling stations.
i.To ensure “No Voter to be left behind”, ECI has announced that citizens above the age of 85 and PwDs with 40 per cent benchmark disability can vote from home. This is the first time the ECI is providing a ‘vote-from-home’ option. - When was the Earth Hour 2024 observed across the globe?
1) 22nd March 2024
2) 24th March 2024
3) 23rd March 2024
4) 20th March 2024
5) 21st March 2024Answer- 3) 23rd March 2024
Explanation:
Earth Hour 2024 is observed across the world on the last Saturday of March by turning off the lights for 60 minutes as a global symbol of unity and commitment towards protecting the planet and preserving the environment.
Occasionally, in the years when Holy Saturday(Easter Eve) falls on the last Saturday of March, Earth Hour is held a week earlier.
i. Earth Hour 2024 was observed on 23rd March 2024 since Holy Saturday 2024 falls on 30th March 2024. 2024 marks the observance of the 18th year of Earth Hour.
Earth Hour 2024 aims to create the Biggest Hour for Earth with its call-to-action “Give an hour for Earth”. Click here to read more
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