AffairsCloud brings you the complete and important daily Current Affairs Quiz 7 & 8 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.
- Name the company that has recently (in April ‘24) signed an MoU with Bharat Electronics Limited(BEL) to develop an indigenous Train Control Management System (i-TCMS).
1) BEML Limited
2) Chittaranjan Locomotive Works
3) Rail Vikas Nigam Limited
4) Indian Railway Finance Corporation Limited
5) Titagarh Wagons LimitedAnswer-1) BEML Limited
Explanation:
BEML Limited (formerly Bharat Earth Movers Limited) signed a Memorandum of Understanding (MoU) with Bharat Electronics Limited(BEL) to jointly develop an indigenous Train Control Management System (i-TCMS).
i. The partnership between BEML and BEL aims to promote innovation and foster self-reliance in the domain of train control management systems. - In April 2024, which state received Geographical Indication(GI) tags for Miraj Tanpura and Miraj Sitar?
1) Uttar Pradesh
2) Uttarakhand
3) Maharashtra
4) Bihar
5) Madhya PradeshAnswer-3) Maharashtra
Explanation:
The Chennai (Tamil Nadu)-headquartered Geographical Indications Registry under the Department for Promotion of Industry and Internal Trade (DPIIT), the Ministry of Commerce and Industry awarded geographical indication (GI) tags to Miraj Tanpura and Miraj Sitar of Maharashtra and Bundelkhand Kathiya Gehu (Wheat) of Uttar Pradesh (UP). - Which Indian Institute of Technology (IIT) has recently (in April ‘24) signed an MoU with SJVN Limited to utilize the advanced geological models in tunneling projects?
1) IIT Kharagpur
2) IIT Delhi
3) IIT Kanpur
4) IIT Patna
5) IIT BombayAnswer-4) IIT Patna
Explanation:
SJVN Limited has signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology Patna (IIT Patna), Bihar, to utilise the advanced geological models in tunnelling projects of SJVN.
i. Under this partnership, predictive analytics algorithms leveraging integrated geotechnical data will be developed. This will predict potential risks and offer early warning systems tailored for tunnelling projects. - Which of the following Non-Banking Financial Companies (NBFCs)’s Certificate of Registration (CoR) was not cancelled by the Reserve Bank of India (RBI) in April 2024?
1) Ujjivan Financial Services Limited
2) Kundles Motor Finance Private Limited
3) Jiwanjyoti Deposits and Advances Limited
4) Nithya Finance Limited
5) Bhatia Hire Purchase Private LimitedAnswer-1) Ujjivan Financial Services Limited
Explanation:
The Reserve Bank of India(RBI) has cancelled the Certificate of Registration(CoR) of Four Non-Banking Financial Companies (NBFCs) in the exercise of powers conferred on it under Section 45-IA (6) of the RBI Act, 1934.
i. The 4 NBFCs are,
• Kundles Motor Finance Private Limited (Bareilly, Uttar Pradesh-UP)- CoR cancelled with effect from 12th March 2024.
• Nithya Finance Limited (Coimbatore, Tamil Nadu-TN) – CoR cancelled w.e.f 14th March 2024.
• Bhatia Hire Purchase Private Limited (Bathinda, Punjab) – CoR cancelled w.e.f 19th March 2024.
• Jiwanjyoti Deposits and Advances Limited (Hamirpur, Himachal Pradesh) – CoR cancelled w.e.f 21st March 2024.
Note: Following the cancellation of CoR the NBFCs shall not transact the business of a Non-Banking Financial Institution(NBFI) as defined in clause (a) of Section 45-I of the RBI Act, 1934. - In April 2024, the Reserve Bank of India (RBI) imposed a monetary penalty of Rs. 1 Crore on _________(Banks) for non-compliance with certain directions issued by RBI.
1) HDFC Bank
2) IDFC First Bank
3) RBL Bank
4) Tamilnad Mercantile Bank
5) UCO BankAnswer-2) IDFC First Bank
Explanation:
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on IDFC First Bank Limited for non-compliance with certain directions issued by RBI on ‘Loans and Advances – Statutory and Other Restrictions’.
• The penalty was imposed in the exercise of the power vested in RBI under the provisions of section 47 A (1) (c) read with sections 46 (4) (i) of the Banking Regulation Act, 1949.
i. RBI has imposed a monetary penalty of Rs 49.70 lakhs on LIC Housing Finance Limited for non-compliance with certain provisions of ‘Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021’.
• The penalty was imposed in exercise of powers vested in RBI conferred under section 52A of the National Housing Bank Act, 1987. - Which bank has recently (in April ‘24) raised USD 500 million from Dubai International Financial Centre (DIFC) to fund overseas business growth?
1) Bank of Baroda
2) Canara Bank
3) Karnataka Bank
4) Andhra Bank
5) Union Bank of IndiaAnswer-5) Union Bank of India
Explanation:
The Union Bank of India (UBI), has raised USD 500 million (about Rs 4,200 crore) from foreign markets to fund overseas business growth.
i. The fund was arranged by Dubai International Financial Centre (DIFC), Dubai Branch, United Arab Emirates (UAE).
• There would be two tranches of a USD 500 million syndicated term loan with terms of three and five years each (USD 400 million and USD 100 million for Green Shoe).
• Note: The first tranche of USD 100 million was drawn on 3rd April 2024. - Which company has recently (in April ‘24) launched the new Metal Corporate Platinum Card?
1) Mastercard
2) SBI Card
3) American Express
4) Discover Card
5) VisaAnswer-3) American Express
Explanation:
On April 5 2024, American Express launched the new Metal Corporate Platinum Card, designed to meet the changing needs of business owners and entrepreneurs in India.
• The card offers best-in-class advantages including Taj Epicure Plus Membership and Gold Elite Status at Marriott Bonvoy. - Name the company that has recently (in April ‘24) received the Achievement Award for Creating Social Development and Impact at the 15th CIDC Vishwakarma Awards (VKA) (2024).
1) SJVN Limited
2) NTPC Limited
3) NMDC Limited
4) THDC India Limited
5) NHPC LimitedAnswer-1) SJVN Limited
Explanation:
SJVN Limited, a hydroelectric power generation company, received the Achievement Award for Creating Social Development and Impact at the 15th CIDC Vishwakarma Awards (VKA) (2024) instituted by the Construction Industry Development Council(CIDC).
i. The award recognizes its contribution towards positive change through its Corporate Social Responsibility (CSR) initiatives. SJVN Ltd has secured the award for the 3rd consecutive time.
ii. SJVN also received the CIDC Partners in Progress Trophy 2024. - Who has been recently (in April ‘24) selected as the Chairman of the National Cooperative Dairy Federation of India Limited (NCDFI)?
1) T Nandakumar
2) Dilip Rath
3) Meenesh Kumar Champaklal Shah
4) Milind Rathore
5) Ashish ShuklaAnswer-3) Meenesh Kumar Champaklal Shah
Explanation:
Chairman and Managing Director (CMD) of the National Dairy Development Board (NDDB), Dr. Meenesh Kumar Champaklal Shah has been unanimously elected as the Chairman of the National Cooperative Dairy Federation of India Ltd. (NCDFI) in the Board elections held on 5 April 2024. He represents the Jharkhand Milk Federation on the board.
i. Dr. Meenesh Shah replaced Mangal Jit Rai, who served as Chairman of NCDFI for 2 terms from 2017 to 2024. Click here to read more. - When was the United Nations (UN) International Day of Sport for Development and Peace (IDSDP) 2024 observed across the globe with the theme of “Sport for the Promotion of Peaceful and Inclusive Societies”?
1) 2nd April 2024
2) 5th April 2024
3) 3rd April 2024
4) 4th April 2024
5) 6th April 2024Answer-5) 6th April 2024
Explanation:
The United Nations (UN) International Day of Sport for Development and Peace (IDSDP) 2024 observed across the globe on 6th April 2024 with the theme of “Sport for the Promotion of Peaceful and Inclusive Societies” to recognise the positive roles of sport and physical activity in global communities and the lives of people worldwide.
i. 6 April 2024 marks the observance of the 11th edition of the IDSDP. Click here to read more.
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