AffairsCloud brings you the complete and important daily Current Affairs Quiz 7 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.
- Which of the following points is/are “correct” with respect to the Foundation Day of Bureau of Energy Efficiency (BEE), observed on 1st March 2024?
A) Bureau of Energy Efficiency (BEE) celebrated its 22nd Foundation Day on 1st March 2024 under the theme “Energy Transition through Electrification and Decarbonization in lndia”.
B) During the event, 5th edition of the State Energy Efficiency Index (SEEI 2023) was launched in which Karnataka leads overall in SEEI 2023 with a score of 86.5.
C) The Standards and Labeling (S&L) Program for Packaged Boilers and S&L program for Visi Cooler (Commercial Beverage Cooler) was launched during the event.
1) Only A
2) Only A & B
3) Only B & C
4) Only A & C
5) All A, B & CAnswer-5) All A, B & C
Explanation:
Bureau of Energy Efficiency (BEE), under the Ministry of Power, celebrated its 22nd Foundation Day on 1st March 2024 under the theme “Energy Transition through Electrification and Decarbonization in lndia”.
The event marked the launch of the 5th edition of the State Energy Efficiency Index (SEEI 2023) developed by BEE in collaboration with Alliance for an Energy Efficient Economy (AEEE).
Karnataka leads overall in SEEI 2023 with a score of 86.5. It is the only state with an active Energy Conservation and Energy Efficiency Policy.
The event witnessed the launch of Standards and Labeling (S&L) Program for Packaged Boilers and S&L program for Visi Cooler(Commercial Beverage Cooler). Both programs were launched under a voluntary phase, with validity till 31st December 2026. Click here to read more - Which of the following points is/are “correct” with respect to the Geographical Indication (GI) tags awarded to various states by the Geographical Indication Registry in March 2024?
A) The Geographical Indication Registry has awarded geographical indication (GI) tags to10 distinct products from 8 states.
B) Narasapur crochet lace Products from Tamil Nadu got GI tag.
C) Ambaji White Marble and Kutch Rogan Craft from Gujarat got GI status.
1) Only A
2) Only A & B
3) Only B & C
4) Only A & C
5) All A, B & CAnswer-4) Only A & C
Explanation:
The Geographical Indication Registry (Chennai, Tamil Nadu-TN) under the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry (MoCI), has awarded geographical indication (GI) tags to10 distinct products from 8 states.
Narasapur crochet lace Products is a unique design and good quality crochet craft made in Narasapur in the West Godavari region of Andhra Pradesh got GI tag.
Ambaji White Marble and Kutch Rogan Craft from Gujarat got GI status. Click here to read more - Name the Ministry that has recently (in March ‘24) launched ‘e-Kisan Upaj Nidhi’, an online digital platform of the Warehousing Development and Regulatory Authority (WDRA).
1) Ministry of Finance
2) Ministry of Rural Development
3) Ministry of Consumer Affairs, Food & Public Distribution
4) Ministry of Agriculture & Farmers Welfare
5) Ministry of Science and TechnologyAnswer-3) Ministry of Consumer Affairs, Food & Public Distribution
Explanation:
Union Minister Piyush Goyal, Ministry of Consumer Affairs, Food & Public Distribution (MoCAF&PD), launched ‘e-Kisan Upaj Nidhi’, an online digital platform of the Warehousing Development and Regulatory Authority (WDRA) to facilitate post-harvest financing for farmers.
i. The platform enables farmers to secure collateral-free loans from the banks against their farm produce stored in the WDRA-registered warehouse.
ii. It was developed collaboratively by the Department of Food and Public Distribution, the Department of Financial Services, and the National Bank for Agriculture and Rural Development (NABARD). - Which department has recently (in March ‘24) launched the Digital Intelligence Platform (DIP) & Chakshu facility on the Sanchar Saathi portal to curb Cyber Crime & Financial Frauds?
1) Department of Home
2) Department of Telecommunications
3) Department of Pension & Pensioners Welfare
4) Department of Financial Services
5) Department of Science and TechnologyAnswer-2) Department of Telecommunications
Explanation:
Union Minister Ashwini Vaishnaw, Ministry of Communications(MoC) launched the Department of Telecommunications (DoT)’s ‘Digital Intelligence Platform (DIP)’ and ‘Chakshu’(चक्षु)’ facility on the Sanchar Saathi portal to empower the people and to foster a secure digital ecosystem.
i. DIP aims to eliminate the use of telecom resources in cybercrimes and financial frauds by coordinating the stakeholders. The Chakshu facility will enable the citizens to report suspected fraud communication.
DIP, developed by the DoT, is a secure and integrated platform. - According to the 10th edition of Women, Business, and the Law (WBL) 2024 report released by the World Bank Group in March 2024, India has climbed to ________ place out of 190 countries in the Index.
1) 108th
2) 120th
3) 100th
4) 113th
5) 129thAnswer-4) 113th
Explanation:
According to the 10th edition of Women, Business, and the Law (WBL) 2024 report released by the World Bank Group, India has climbed to 113th place out of 190 countries in the Index, with a score of 74.4%. For the first time, WBL assesses the gap between legal reforms and actual outcomes for women in 190 economies.
The index shows that in India, women enjoy 60% of the legal rights granted to men, which is lower than the global average of 64.2%.
Despite challenges, India outperforms its South Asian counterparts, where women enjoy 45.9% of the legal protections provided to men. Click here to read more - Which organisation/Bank has recently (in March ‘24) approved a new project worth USD 452 million to improve connectivity in rural areas of Assam?
1) International Monetary Fund
2) World Bank
3) Asian Development Bank
4) United Nations Development Programme
5) African Development BankAnswer-2) World Bank
Explanation:
The World Bank (WB) has approved a new project worth USD 452 million to improve connectivity for over 1.8 million people living in rural areas of Assam.
i. The Assam Resilient Rural Bridges Program will strengthen the resilience and management of roads and bridges to help people living in 1,739 villages.
ii. The Program Development Objective (PDO) is to build green, inclusive, and resilient connectivity for over 1.8 million people living in rural areas of Assam and strengthen the road and bridge management capability of the Public Works Roads Department, Assam.
The total finance of the program is USD 564.71 million. - Name the company that has recently (in March ‘24) partnered with the Unit of Science and Educational Development (UNISED) to support the education of children in Siddharthnagar, Uttar Pradesh (UP).
1) REC Limited
2) NTPC Limited
3) Power Finance Corporation
4) Coal India Limited
5) Oil and Natural Gas Corporation LimitedAnswer-1) REC Limited
Explanation:
REC Limited through its Corporate Social Responsibility (CSR) arm REC Foundation has partnered with the Unit of Science and Educational Development (UNISED) to support the education of approximately 75,500 children in the Siddharthnagar district of Uttar Pradesh (UP).
REC has committed financial support of Rs 9.91 crores to support education. - Which company has recently (in March ‘24) got Suspended from the Reserve Bank of India (RBI) to finance against shares and debentures?
1) Clix Finance India Private Ltd
2) Siemens Financial Services Private Ltd
3) Altico Capital India Ltd
4) PTC India Financial Services Ltd
5) JM Financial Products LtdAnswer-5) JM Financial Products Ltd
Explanation:
The Reserve Bank of India (RBI) has barred Mumbai (Maharashtra) based JM Financial Products Ltd (JMFPL) from financing against shares and debentures including sanction and disbursal of loans against initial public offering (IPO) of shares with immediate effect.
RBI imposed the ban in exercise of its powers under section 45L(1)(b) of the Reserve Bank of India Act, 1934,
i. The RBI cited “serious deficiencies” observed in loans sanctioned by JM Financial for IPO financing and non-convertible debenture (NCD) subscriptions as the reason for the ban. - According to the report “Global Macro Outlook 2024” released by March 2024, India’s Gross Domestic Product (GDP) projections has been raised to ___________for 2024.
1) 6.2%
2) 7.8%
3) 6.8%
4) 7.0%
5) 6.5%Answer-3) 6.8%
Explanation:
According to Global credit rating agency Moody’s report “Global Macro Outlook 2024”, India’s Gross Domestic Product (GDP) projections for 2024 has been raised to 6.8% from 6.1% earlier.
For 2025, India’s GDP growth is estimated at 6.4%. - Which company has recently (in March ‘24) signed a joint venture agreement (JVA) with Uttar Pradesh (UP) Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) for the development of renewable power parks and projects in UP?
1) NTPC Green Energy Limited
2) Adani Green Energy Limited
3) Tata Power Limited
4) Suzlon Energy Limited
5) ReNew Power Private LimitedAnswer-1) NTPC Green Energy Limited
Explanation:
NTPC Green Energy Limited (NGEL) has signed a joint venture agreement (JVA) with Lucknow, Uttar Pradesh (UP) based UP Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) for the development of renewable power parks and projects in UP.
i. The renewable energy (RE) power generated from the proposed joint venture company (JVC) will meet the Renewable Generation Obligation (RGO) of UPRVUNL.
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