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Current Affairs Quiz:30 April 2024

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AffairsCloud brings you the complete and important daily Current Affairs Quiz 30 April 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 April 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.

  1. In April 2024, The Ministry of Finance (MoF) assigned the __________ status to the gem and jewellery sector.
    1) Authorised Economic Operator
    2) International Organization for Standardization
    3) Bureau of Indian Standards registration
    4) Hallmark Unique Identification number
    5) Responsible Jewellery Council
    Answer-1) Authorised Economic Operator
    The Ministry of Finance (MoF) has assigned the Authorised Economic Operator (AEO) status to the gem and jewellery sector. The AEO program was introduced as a pilot project in 2011 by the Customs Department aimed at promoting ease of doing business, saving time, and reducing costs for export-oriented industries.
    • Of the 20 companies that applied for the AEO status, Asian Star, a leading diamond and diamond jewellery manufacturer, became the 1st recipient of AEO status in the Indian gem and jewellery industry.
    Option Revision:
    2. In January 2024, Haldia Petrochemicals Limited (HPL) became the first International Organization for Standardization (ISO) / International Electrotechnical Commission (IEC) 27001:2022 certified petrochemical organisation in India.
    • The certification was awarded by the United Kingdom (UK) based certification body, British Standards Institution (BSI).
    3. In October 2023, Kerala became the first state in India to have hallmarking centres in all of its 14 districts. This was achieved after the inauguration of a hallmarking centre in Adimali, Idukki district, Kerala.
    • In Kerala, there are about 12,000 gold merchants and majority of them are holding Bureau of Indian Standards (BIS) registration
    4. In March 2024, Department of Consumer Affairs announced that the sale of hallmarked gold jewellery or gold artefacts without a 6 digit alphanumeric HUID (Hallmark Unique Identification) number, consisting of alphabets and numbers, will not be allowed after 31st March 2023 i.e, from 1st April 2023 onwards. Following this, the sale of jewellery with a 4-digit HUID number will also be stopped on April 1.

  2. In April 2024, the Reserve Bank of India (RBI) announced the investment limit by Foreign Portfolio Investors (FPI) in Government Securities (G-Sec) will remain unchanged at____of outstanding stock for FY25.
    1) 12
    2) 15
    3) 5.1
    4) 6
    5) 10.5
    Answer-4) 6
    On 26th April 2024, The Reserve Bank of India (RBI) announced that the investment limit by Foreign Portfolio Investors (FPI) in Government Securities(G-Sec) will remain unchanged at 6% of outstanding security stocks for FY25(2024-25).
    • The FPI limits for investment in the state government securities (SGSs) and corporate bonds are maintained at 2% and 15% respectively. Of outstanding security stocks for FY25.
    • RBI has also notified that the aggregate limit of the national amount of Credit Default Swaps(CDS) sold by foreign portfolio investors will be 5% of the outstanding stock of corporate bonds.
    Option Revision:
    1. Public Sector Banks: In India, Public sector banks must maintain a minimum CAR of 12%. Commercial Banks: Commercial banks must maintain a minimum CAR of 9%.
    2. In April 2024, The Reserve Bank of India (RBI) issued Master Direction- Reserve Bank of India Asset Reconstruction Companies) Directions 2024.
    • Every ARC must maintain a capital adequacy ratio of at least 15% of its total risk-weighted assets.
    3. The government expects fiscal deficit to be 5.1 % of the gross domestic product (GDP) for the financial year 2024-2025 (FY25): Budget 2024
    • To finance the fiscal deficit in FY25, the gross and net market borrowings through dated securities during 2024-25 are estimated at ₹14.13 and 11.75 lakh crore respectively- both less than that in FY24.

  3. Which company has been recently (in April 2024) directed by the Reserve Bank of India to stop the issuance and operations of its Prepaid Payment Instruments(PPIs) & refund the balances to its customers?
    1) IIFL finance Limited
    2) TalkCharge Technologies Private Limited
    3) Infibeam Avenues Limited
    4) JM Financial Products Limited
    5) Bajaj Finance Limited
    Answer-2) TalkCharge Technologies Private Limited
    The Reserve Bank of India (RBI) has directed Gurugram(Haryana)-based fintech firm Talkcharge Technologies Private Limited(Talkcharge) to stop the issuance and operations of its Prepaid Payment Instruments(PPIs) or wallets and refund the balances held in the wallets within 45 days (by May 17, 2024).
    • The cash loading of PPIs is limited to Rs 50,000 per month subject to overall limit of the PPI.
    Option Revision:
    1. RBI directed IIFL Finance Limited (formerly known as India Infoline Ltd) to cease and desist sanctioning or disbursing gold loans or assigning/ securitising/ selling any of its gold loans w.e.f March 4, 2024.
    3. In March 2024, Gandhinagar (Gujarat) based Infibeam Avenues Limited received final authorisation from the RBI to operate an Online Payment Aggregator (PA) for its payment gateway brand, CCAvenue.
    4. In March 2024, RBI had 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(5th March 2024).

  4. In April 2024, REC Limited secured a green loan of Japanese Yen (JPY) 60.536 (~Rs 3250 crore) from _____________ to finance green projects in India.
    1) Japan International Cooperation Agency
    2) Exim Bank India
    3) Asian Development Bank
    4) Japan Bank for International Cooperation
    5) Servizi Assicurativi del Commercio Estero
    Answer-5) Servizi Assicurativi del Commercio Estero
    REC Limited(formerly Rural Electrification Corporation Limited) has secured a green loan of Japanese Yen (JPY) 60.536 (~Rs 3250 crore) from Servizi Assicurativi del Commercio Estero (SACE), an Italian export credit agency, to finance green projects in India.
    • The green facility benefits from an 80% guarantee by SACE under the “Green Push Strategy” initiative.
    • In January 2024, REC Limited issued its inaugural JPY 61.1 billion 5-year, 5.25-year and 10-year Green bonds, issued under its USD 10 billion Global Medium Term Notes Programme.
    Option Revision:
    2. On February 6 2024, the Ministry of External Affairs (MEA) provided Rs 9,000 Crore to Exim Bank of India after GoI guarantees on decade-old loans extended to African countries.
    3. On January 9 2024, the Asian Development Bank (ADB) raised USD 5 Billion in dual-tranche global benchmark bonds to propel development initiatives across Asia and the Pacific.
    4. In March 2024, NTPC Limited inked a pact with Japan Bank for International Cooperation (JBIC) for sourcing foreign currency loans of USD 200 million (JPY 30 billion / Rs 1650 crore)
    The facility has been extended under JBIC’s ‘Global action for Reconciling Economic growth and Environment preservation’ (“GREEN”)initiative.

  5. Which Fintech company has recently (in April’ 24) launched an offline Unified Payments Interface (UPI)-based ‘Scan and Pay’ service that enables users to scan QR codes for payments directly from their bank accounts?
    1) PhonePe
    2) Cred
    3) Amazon Pay
    4) Razorpay
    5) Paymart
    Answer-2) Cred
    Fintech company Cred has launched an offline Unified Payments Interface (UPI)-based ‘Scan and Pay’ service that enables users to scan QR codes for payments directly from their bank accounts.
    • Cred aims to encourage its users to use the app to scan QR codes at high-end retail stores such as supermarkets, restaurants, beauty salons, fashion outlets, etc.
    • Merchants can opt for various terminal types, including portable devices, kiosks, or dynamic QR code displays, powered by Razorpay Point of Sale (POS) and Pine Labs.
    Option Revision:
    1. In April 2024, the Singapore Tourism Board (STB)- a two-year MoU – PhonePe to promote Unified Payments Interface (UPI) for Indians travelling in Singapore.
    • The MoU – customers – cross border transactions – India and Singapore -from Indian bank accounts.
    3. In April 2024, As per the report by Financial Express, Amazon Pay in partnership with National Payments Corporation of India (NPCI) is set to introduce its credit services on the Unified Payments Interface (UPI).
    4. In April 2024, Razorpay Software Private Limited (Razorpay), an online instant payment company launched its own Unified Payments Interface (UPI) infrastructure with “UPI Switch”, a next-generation cloud based innovation, in partnership with Airtel Payments Bank.

  6. Which bank has recently (in April’ 24) partnered with HCL Software for Digital Transformation?
    1) Bank of Baroda
    2) DBS Bank India
    3) RBL Bank
    4) Yes Bank
    5) State Bank of India
    Answer-5) State Bank of India
    The State Bank of India (SBI) has entered into a five-year agreement with HCLSoftware, the software business unit of HCLTech, to digitally transform its customer interaction framework by utilising the HCL Unica platform.
    • It will provide hyper-personalised communication across the SBI’s diverse digital marketing channels while adhering to the Digital Personal Data Protection Act (DPDPA).
    Option Revision:
    1. In January 2024, Bank of Baroda (BoB), one of India’s leading public sector banks launched a special retail short-term deposit scheme named Bob 360 Term Deposit Scheme. The scheme offers higher interest rates for Domestic Term Deposits to Residents/Non-Resident Ordinary (NRO) and Resident Senior Citizens for 360 days.
    2. In January 2024, On January 18, 2024, DBS Bank India Limited announced collaboration with StartupTN, a nodal agency of Tamil Nadu (TN) Government, to foster entrepreneurship in TN.
    4. In January 2024, Yes Bank Limited, has became the first Indian bank to execute an export finance transaction on the International Trade Financing Services Platform (ITFS) of RXIL Global IFSC Limited (RXIL Global), a subsidiary of Receivables Exchange of India Limited (RXIL).

  7. Who has been recently (in April’ 24) appointed as a member of the National Statistical Commission (NSC)?
    1) Rakesh Mohan
    2) Manoj Panda
    3) Ganesh Kumar
    4) Rajiv Gauba
    5. Aeratu S. Rajeev
    Answer-3) Ganesh Kumar
    The Ministry of Statistics and Programme Implementation (MoSPI) has appointed A Ganesh Kumar and Debasis Kundu as members of the National Statistical Commission(NSC).
    • Now, the total strength of members of the commission including chairman is 5.
    i. Ganesh Kumar was a member of the Working Group for the 77th Round of the National Sample Survey(NSS) conducted by National Statistical Office(NSO) during the period 1st January,2019 to 31st December,2019.
    ii. Debasis Kundu is currently working as a Professor at The Department of Mathematics and Statistics at the Indian Institute of Technology(IIT), Kanpur(Uttar Pradesh).
    iii. National Statistical Commision(NSC) was constituted by Government of India(GoI) through a resolution dated 1st June, 2005, headed by the chairman Rajeeva Laxman Karandikar.
    Option Revision:
    1. In April 2024, the World Bank has appointed Rakesh Mohan, Former Deputy Governor (DG) of Reserve Bank of India (RBI) as a member of the Economic Advisory Panel of World Bank Group (WBG)
    2. In April 2024, the Government of India (GoI) appointed economist Manoj Panda, former Director of the Institute of Economic Growth (IEG), as a full-time member of the 16th Finance Commission (FC) of India. Panda was appointed to the 16th FC in lieu of Niranjan Rajadhyaksha, Executive Director at Artha Global.
    4. In April 2024, the Ministry of Law and Justice (MoL&J) has constituted a 6-member committee to examine various issues relating to the queer (LGBTQIA+ – Lesbian, Gay, Bisexual, Transgender, Intersex, Queer/Questioning, and Asexual) community. The Committee is headed by the Cabinet Secretary, Rajiv Gauba.

  8. Who has been recently (in April’ 24) appointed as the Deputy Prime minister(PM) of Pakistan?
    1) Succes Masra
    2) Mohammed Ishaq Dar
    3) Azali Assoumani
    4) Muhammad Shehbaz Sharif
    5) Sultan Ibrahim
    Answer-2) Mohammed Ishaq Dar
    Mohammed Ishaq Dar, who is presently serving as the minister of foreign affairs, was appointed as the Deputy Prime Minister (PM).
    • He was appointed by Pakistan PM Nawaz Sharif with immediate effect. He becomes the first Deputy PM of Pakistan since Pervaiz Elahi, who served as Deputy PM from 2012 to 2013. The post has been vacant since 2013 to 2024.
    Option Revision:
    1. In January 2024, Succes Masra, president of ‘The Transformers’ party and former opposition leader, was appointed as the Prime Minister (PM) of the Republic of Chad by the transitional government under the presidentship of General Mahamat Idriss Deby Itno following a referendum.
    3. In January 2024, Azali Assoumani was re-elected as the President of the Union of Comoros for a fourth 5 year term . He won the 2024 Comorian Presidential Election with 62.97% of the total votes.
    4. In March 2024, Mian Muhammad Shehbaz Sharif was sworn in as the Prime Minister (PM) of Pakistan for a 2nd term on 4 March 2024.

  9. Which country topped the medal tally with 8 medals(5 Golds, 2 Silver,1 Bronze) at the 2024 Hyundai Archery World Cup Stage 1 held in Shanghai, China?
    1) India
    2) China
    3) Russia
    4) Islamic Republic of Iran
    5) Australia
    Answer- 1) India
    India topped the medal tally with 8 medals(5 Golds, 2 Silver,1 Bronze) at the 2024 Hyundai Archery World Cup Stage 1 held in Shanghai, China from 23rd to 28th April 2024.
    • South Korea and Spain finished 2nd and 3rd with 7 medals and 2 medals, respectively.
    • It was India’s highest number of Gold medals and the highest Medal tally at a single World Cup stage.
    • Jyothi Surekha Vennam won three gold medals including the individual gold medal in the women’s compound individual event.
    • The Indian men’s team of Dhiraj Bommadevara, Tarundeep Rai, and Pravin Jadhav won the gold medal in the men’s recurve team event.
    Option Revision:
    2. In January 2024, the Indian contingent won 8 medals(1 Gold, 3 Silver, and 4 Bronze) in the Asian Shotgun Championships 2024 held at the Sheikh Sabah Al Ahmad Olympic Shooting Complex in Kuwait City, Kuwait from 12-22 January 2024. India ranked fifth in the medal tally with 8 medals while China secured first position with 13 medals(5 Gold, 6 Silver, and 2 Bronze).
    3. In April 2024, the Indian boxing contingent won 26 medals (5 gold, 9 silver, and 12 bronze) in the Youth World Boxing Cup 2024 (33rd Adriatic Pearl tournament) held at the Hotel Splendid Conference & Spa Resort in Budva, Montenegro, from 3rd to 11th March 2024. Russia topped the medal tally with eight gold medals.
    4. In November 2023, The Indian contingent finished 5th position in the medal tally with 111 medals (29 gold, 31 silver, and 51 bronze) in the Hangzhou Asian Para Games 2022 held in Hangzhou, China from 22nd to 28th October 2023. China at first with 521 medals and Islamic Republic of Iran in second place with 131 medals.

  10. When was World Dance Day 2024, led by the International Theatre Institute (ITI), observed across the globe?
    1) 27th March
    2) 29th April
    3) 20th March
    4) 28th October
    5) 21st June
    Answer-2) 29th April
    International Dance Day or World Dance Day 2024 was observed across the globe on 29 April 2024 to celebrate the art of dance, and its universal appeal, transcending political, cultural, and ethnic boundaries, and uniting people through the universal language of dance.
    • The annual observance of World Dance Day is led by the International Theatre Institute (ITI), the world’s largest organisation for the performing arts.
    • The Day also commemorates the birth anniversary of the French dancer, and ballet master Jean-Georges Noverre (1727-1810).
    • Argentine dancer Marianela Núñez, a Principal of The Royal Ballet at the Royal Opera House in London, United Kingdom is the author of the message of World Dance Day 2024.
    Option Revision:
    1. World Theatre Day 2024 – 27th March 2024 – observance led by ITI.
    • It marks the 62nd anniversary of the observance.
    3. World Day of Theatre for Children and Young People 2024 – 20 March 2024 – Observance led by ASSITEJ, the International Association of Theatre for Children and Young People
    • The day is promoted and celebrated through the message ‘Take a child to the theatre, Today’.
    4. International Animation Day 2023 – 28 October 2023 – recognised first public performance of projected moving images at Emile Reynaud’s Théâtre Optique in Paris (France), on the 28th of October 1892.
    • It marks the 22nd observance of the International Animation Day.