Current Affairs Questions and Answers 04th April 2024

04th April Current Affairs 2024 Quiz

Q1. What is the purpose of the Digital India Trust Agency (DIGITA) proposed by RBI?

(a) To promote digital lending apps

(b) To combat cyber fraud and illegal lending apps

(d) To enhance e-commerce transactions

(e) To facilitate government digital initiatives

Q2. What was the total value of transactions processed by UPI in March 2024?

(a) ₹18.41 lakh crore

(b) ₹19.78 lakh crore

(d) ₹139 lakh crore

(e) None of the above

Q3. What was the total cargo throughput handled by Paradip Port in the fiscal year 2023-24?

(a) 135.38 MMT

(b) 140.38 MMT

(d) 150.38 MMT

(e) 155.38 MMT

Q4. Which region in India has recently been identified as having significant lithium reserves by the Geological Survey of India?

(a) Kerala

(b) Gujarat

(d) Tamil Nadu

(e) Maharashtra

Q5. What was the total number of credit cards issued by banks in India as of February 2024 according to RBI data?

(a) 99.5 million

(b) 98.75 million

(d) 100.60 million

(e) 102.25 million

Q6. What is the combined deposit base resulting from the merger of AU SFB and Fincare SFB?

(a) Rs 56,230 crore

(b) Rs 72,450 crore

(d) Rs 95,600 crore

(e) Rs 101,200 crore

Q7. Who signed the agreement with BMW to form a joint venture for automotive software and IT development?

(a) Tata Motors

(b) Tata Technologies

(d) Tata Power

(e) Tata Steel

Q8. Which organization is leading the cheetah reintroduction efforts in India?

(a) World Wildlife Fund (WWF)

(b) International Union for Conservation of Nature (IUCN)

(d) National Tiger Conservation Authority (NTCA)

(e) United Nations Environment Programme (UNEP)

Q9. What is the total investment PepsiCo plans to make in setting up the new facility in Ujjain, Madhya Pradesh?

(a) ₹500 crore

(b) ₹1,000 crore

(d) ₹1,500 crore

(e) ₹1,266 crore

Q10. What is the revised GDP growth projection for India in FY25 according to the World Bank’s latest update?

(a) 6.6%

(b) 6.8%

(d) 6.4%

(e) 6.2%

Solutions

S1. Ans.(b)

Sol. DIGITA is being considered by RBI to curb cyber fraud and the proliferation of illegal lending apps. This agency aims to verify digital lending apps, maintain a register of authorized apps, and enhance law enforcement against financial crimes in the digital realm.

S2. Ans.(b)

Sol. UPI processed transactions worth ₹19.78 lakh crore in March 2024, setting a new record compared to the previous highest value of ₹18.41 lakh crore set in January 2024.

S3. Ans.(c)

Sol. Paradip Port handled a total cargo throughput of 145.38 Million Metric Tons (MMT) in the fiscal year 2023-24.

S4. Ans.(c)

Sol. The Geological Survey of India (GSI) has identified substantial lithium reserves in the Salal-Haimana region of the Reasi district in Jammu and Kashmir, along with other locations like Revant Hill of Degana, Nagaur in Rajasthan.

S5. Ans.(d)

Sol. According to the Reserve Bank of India (RBI) data, the total number of credit cards in circulation in India surpassed the 100 million mark in February 2024, reaching 100.60 million.

S6. Ans.(c)

Sol. The combined deposit base resulting from the merger is Rs 89,854 crore, reflecting the consolidation’s significant financial impact.

S7. Ans.(b)

Sol. Tata Technologies and BMW Group signed the agreement to establish the joint venture.

S8. Ans.(d)

Sol. The NTCA, in collaboration with other agencies and experts, is spearheading the efforts to reintroduce cheetahs in India, with a focus on Kuno National Park in Madhya Pradesh.

S9. Ans.(e)

Sol. PepsiCo India intends to invest ₹1,266 crore to establish the new flavour manufacturing facility in Ujjain, as stated in the announcement.

S10. Ans.(a)

Sol. The World Bank has raised India’s GDP growth projection for FY25 to 6.6%, indicating a slight increase from previous estimates. This reflects the bank’s confidence in India’s economic resilience and growth potential despite global economic uncertainties.