AffairsCloud brings you the complete and important daily Current Affairs Quiz 5 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.
- In January 2024, the Employees’ Provident Fund Organisation (EPFO) extended the deadline to upload wage details of higher pension options online till ___________.
1) 30th June 2024
2) 31st May 2024
3) 31st March 2024
4) 30th April 2024
5) 31st July 2024
Answer & Explanation
Answer-2) 31st May 2024
Explanation:
On January 3, 2024, the Employees’ Provident Fund Organisation (EPFO) approved a five months extension for employers for uploading wage details of higher pension options online i.e. till 31st May, 2024 from 31st December 2023.
The information for the same was provided by the Ministry of Labour and Employment.
i. With over 3.6 lakh pending applications for the Validation of Options/ Joint Options, the EPFO has approved an extension to facilitate employers in processing these outstanding submissions.
- Which centre of the Indian Space Research Organization (ISRO) has recently (in Jan ‘24) signed an MoU with the National Highways Authority of India (NHAI) to develop and report a “Green Cover Index” for National Highways in India?
1) North Eastern Space Applications Centre
2) Master Control Facility
3) National Remote Sensing Centre
4) ISRO Telemetry Tracking and Command Network
5) ISRO Inertial Systems Unit
Answer & Explanation
Answer-3) National Remote Sensing Centre
Explanation:
The National Highways Authority of India (NHAI) signed a Memorandum of Understanding (MoU) with the National Remote Sensing Centre (NRSC), one of the primary centres of the Indian Space Research Organization (ISRO), for 3 years to develop and report a “Green Cover Index” for the vast National Highways network in India.
i. Green Highways Policy: The Ministry of Road Transport and Highways (MoRTH) and NHAI has prioritised greening Highway Corridors since initiation of the Green Highways Policy in 2015.
At present, the monitoring of plantations is based on site visits by field personnel.
ii. By using high-resolution satellite imagery, NRSC will undertake a comprehensive pan-India estimation of green cover referred to as the ‘Green Cover Index’ for National Highways.
This approach not only enhances in-situ data collection but also supplements plantation management and monitoring, including performance audits conducted by NHAI.
iii. This innovative approach aims to streamline the assessment process and facilitate targeted interventions where green cover is insufficient.
- Which state’s products ‘Adi Kekir, Handmade Carpet and Wancho Wooden Craft’ have recently (in Jan ‘24) received Geographical Indication (GI) tag status from Geographical Indications Registry?
1) Odisha
2) Arunachal Pradesh
3) Assam
4) Mizoram
5) Madhya Pradesh
Answer & Explanation
Answer-2) Arunachal Pradesh
Explanation:
Chennai, Tamil Nadu (TN) based Geographical Indications Registry has awarded the Geographical Indication (GI) tag 3 indigenous products from Arunachal Pradesh (AR) namely Adi Kekir (ginger), Handmade Carpet (by Tibetan settlers), and Wancho Wooden Craft.
i. With the addition of 3 new GI products, Arunachal Pradesh now has a total of 8 GI products.
ii. The other 5 products are: Arunachal (Wakro) Orange; Idu Mishmi Textile; Khaw Tai (Khamti Rice); Yak Churpi and Tangsa Textile
- Which organisation/association has recently (in Jan ‘24) signed an MoU with the Khadi and Village Industries Commission (KVIC) to improve the quality of Khadi products & to introduce Made-in-India label for khadi?
1) Quality Council of India
2) Associated Chambers of Commerce and Industry
3) Federation of Indian Chambers of Commerce & Industry
4) Confederation of Indian Industry
5) National Association of Software and Service Companies
Answer & Explanation
Answer-1) Quality Council of India
Explanation:
The Quality Council of India (QCI) and the Khadi and Village Industries Commission (KVIC) signed a Memorandum of Understanding (MoU) at Kochrab Ashram in Ahmedabad (Gujarat) to improve the quality of Khadi products, introduce Made-in-India label for khadi, and empower khadi artisans.
i. As per the MoU, QCI will assist KVIC in various activities, including training for enhanced product quality, improving productivity, and marketability of Khadi and Village Industries products domestically and internationally.
ii. This collaboration will give a new identity to Khadi as a ‘Made in India’ label, and aims to position Khadi products as a symbol of quality globally, fostering increased production and sales.
- Name the company that has recently (in Jan ‘24) launched India’s First Credit Pass, powered by TransUnion CIBIL Limited.
1) Mahindra & Mahindra Financial Services Limited
2) Aditya Birla Finance Limited
3) Bajaj Finserv Limited
4) IIFL Finance Limited
5) Muthoot Finance Limited
Answer & Explanation
Answer-3) Bajaj Finserv Limited
Explanation:
Bajaj Finserv Limited has launched a Credit Pass, a first-of-its-kind subscription in India, that enables its customers to get real-time access to their credit dashboard to track and monitor credit health.
The credit pass is powered by TransUnion CIBIL Limited (formerly Credit Information Bureau (India) Limited), a credit information company (CIC) operating in India.
i. Any customer who has applied for a loan or credit card in the past or anyone who is looking to apply for a loan in the future is eligible to apply for the Credit Pass.
ii.The credit pass account can be accessed through a 12-digit unique number.
The pass offers access to the credit dashboard which gives information such as credit enquiries & repayment history.
The credit pass comes with interactive tools like the Credit Score Simulator and Equated Monthly Instalment (EMI) Calculator.
- Which company has recently (in Jan ‘24) launched digital Fixed Deposit (FD) with interest rates up to 8.85%?
1) L&T Finance Limited
2) Mahindra and Mahindra Financial Services Limited
3) Shriram Finance Limited
4) Bajaj Finance Limited
5) Cholamandalam Investment and Finance Limited
Answer & Explanation
Answer-4) Bajaj Finance Limited
Explanation:
Bajaj Finance Limited (BFL), a Non-Banking Financial Company (NBFC), and a subsidiary of Bajaj Finserv Limited, has launched digital Fixed Deposit (FD) which offers interest rates of up to 8.85%.
i. The digital FDs can be booked through the Bajaj Finserv mobile application and website.
ii. The revised rates will be applicable on fresh deposits and renewals of maturing deposits of up to Rs 5 crore for a tenure of 42 months (3.5 years).
iii. Senior citizens (above 60 years) will be offered 8.85% interest rates whereas other depositors(below 60 years) will be paid interest rates of 8.6%.
- Which Small Finance Bank (SFB) has recently (in Jan ‘24) partnered with Mastercard to launch ‘Mastercard Platinum Debit Card’ designed for Corporate Salary Customers?
1) Equitas SFB
2) AU SFB
3) Capital SFB
4) Utkarsh SFB
5) Ujjivan SFB
Answer & Explanation
Answer-2) AU SFB
Explanation:
On 3rd January 2024, AU Small Finance Bank (SFB) Limited in partnership with United States of America (USA) based Mastercard launched ‘Mastercard Platinum Debit Card’ designed for Corporate Salary Customers. The card was introduced under the theme #Swipe&Save.
The contactless Platinum Debit Card provides exclusive and convenient benefits to Corporate Salary class people in their daily lives.
The cardholders can withdraw and make purchases upto Rs 2 lakh per day.
The Automated Teller Machine (ATM) fund transfer limit made by the card is limited to Rs.20,000 and contactless transactions are limited to Rs.5000.
The card offers a personal accident insurance cover of Rs.2 lakh and purchase protection benefits up to Rs.25,000. The cardholder can also avail card liability cover of Rs.2 lakh.
Note- With the launch of this card, AU SFB has expanded its card offerings in all the payment networks (MasterCard, Rupay and Visa) in India.
- Which of the following points is/are “correct” with respect to funds raised through issuing bonds in three different currencies by the World Bank in January 2024?
A) The World Bank (WB) has launched a 5-year bond with the value of AUD 2 billion which will be maturing on 10th January 2029.
B) WB has launched a 7-year bond valuing USD 5 billion from investors and this transaction is the first in the SSA market in 2024 to generate the largest order book.
C) WB has launched a 5-year bond valued at CAD 1.4 billion to finance sustainable development initiatives in International Bank for Reconstruction and Development (IBRD) member countries.
1) Only A
2) Only A & B
3) Only B & C
4) Only A & C
5) All A, B & C
Answer & Explanation
Answer-5) All A, B & C
Explanation:
The World Bank (WB) has raised funds by issuing bonds in three different currencies namely Canadian dollars (CAD), Australian dollars (AUD), and United States Dollars (USD) to support the financing of green and social projects, programs and activities in the member countries.
World Bank’s arm International Bank for Reconstruction and Development (IBRD) acts as the issuer.
i. The World Bank has launched a 5-year bond with the value of AUD 2 billion which will be maturing on 10th January 2029.
It was the first benchmark transaction as it achieved a transaction size of AUD 2 billion which is the largest AUD Sovereign, Supranational and Agency (SSA) transaction.
ii. WB has launched a 7-year bond valuing USD 5 billion from investors and this transaction is the first in the SSA market in 2024 to generate the largest order book.
iii. The World Bank has launched a 5-year bond valued at CAD 1.4 billion to finance sustainable development initiatives in IBRD member countries.
The bond is set to mature on 12th January 2029.
Note- These bonds are listed on the Luxembourg Stock Exchange (LSE) in Luxembourg City, Luxembourg; All the bonds are rated as Aaa/AAA.
- In January 2024, India Ratings and Research (Ind-Ra) Private Limited increased India’s Gross Domestic Product (GDP) growth estimate for 2023-2024 (FY24) to ___________ from 6.2%.
1) 6.7%
2) 6.5%
3) 6.8%
4) 6.4%
5) 6.3%
Answer & Explanation
Answer-1) 6.7%
Explanation:
On January 3, 2024, India Ratings and Research (Ind-Ra) Private Limited, part of the Fitch Group, increased India’s Gross Domestic Product (GDP) growth estimate for 2023-2024 (FY24) to 6.7% from 6.2%.
i. The increase in GDP forecast is led by various factors like,
The resilience of the Indian economy, which grew 7.6% Y-o-Y (Year-on-Year) in second quarter growth (Q2FY24), after growing 7.8% Y-o-Y in 1QFY24.
Sustained government (Capital Expenditure).
The prospect of a new private corporate capex cycle.
Sustained momentum in business and software services exports, along with remittances from the rest of the world.
- The ____________ World Braille Day observed across the globe on 4th January 2024 to commemorate the birth anniversary of Louis Braille, a 19th-century French educator, who invented the Braille script for the blind and visually impaired.
1) 2nd
2) 5th
3) 3rd
4) 6th
5) 4th
Answer & Explanation
Answer-4) 6th
Explanation:
The United Nations (UN) World Braille Day is annually observed across the globe on 4 January to raise awareness about the significance of Braille as a communication medium for people who are blind or partially sighted.
The Day commemorates the birth anniversary of Louis Braille, a 19th-century French educator, who invented the Braille script for the blind and visually impaired in 1824.
i. 4th January 2024 marks the observance of the 6th World Braille Day and the 215th birth anniversary of Louis Braille.
The 1st ever World Braille Day was observed on 4 January 2019.
ii. On this occasion of World Braille Day, the National Institutes and Composite Regional Centres under the Department of Empowerment of Persons with Disabilities (DEPwD) of the Ministry of Social Justice & Empowerment organised a range of engaging programs at various locations across India.
AffairsCloud Recommends Oliveboard Mock Test
AffairsCloud Ebook - Support Us to Grow
Govt Jobs by Category
Bank Jobs Notification