Table of Contents

09th March 2024 Current Affairs Questions And Answers: Here, we are providing the Current Affairs Questions and Answers for 09th March 2024. These types of topics are important for candidates who prepare for Bank Exam 2023. In this article, we are covering the following topics Headlines:

NAMASTE Scheme
IndiaAI Mission
Dearness Allowance (DA) and Dearness Relief (DR)
Infibeam Avenues
UNNATI – 2024 scheme
DefConnect 2024

09th March Current Affairs 2024 Quiz

The Current Affairs 2024 section constitutes a major part of the General Awareness section in a competitive examination and plays an instrumental role. To supplement your preparation for the General Awareness Section of the upcoming exams like IBPS PO/Clerk Mains, SBI PO Mains and SEBI Grade A Prelims, we are providing you 09th March Current Affairs 2024 Quiz covering the following topics Headlines: NAMASTE Scheme, IndiaAI Mission, Dearness Allowance (DA) and Dearness Relief (DR), Infibeam Avenues , First woman sniper of BSF, DefConnect 2024.

Q1. What is the budget allocation for the NAMASTE Scheme?

(a) 250 crores

(b) 500 crores

(d) 100 crores

(e) 700 crores

Q2. Which ministry is jointly involved in initiating the NAMASTE Scheme?

(a) Ministry of Health and Family Welfare

(b) Ministry of Environment, Forest and Climate Change

(d) Ministry of Human Resource Development

(e) Ministry of Rural Development

Q3. What is Moody’s upgraded GDP forecast for India in 2024?

(a) 5.2%

(b) 7.8%

(d) 6.8%

(e) 5.9%

Q4. Under which section of the Banking Regulation Act, 1949 is the merger of banks sanctioned?

(a) Section 22

(b) Section 33

(d) Section 55

(e) Section 66

Q5. What is the percentage increase in Dearness Allowance (DA) and Dearness Relief (DR) sanctioned by the Union Cabinet for central government employees and pensioners?

(a) 2%

(b) 3%

(d) 4%

(e) 6%

Q6. What milestone did Infibeam Avenues achieve on March 4, 2024?

(a) Obtained final authorization from RBI to operate as a payment aggregator

(b) Launched a new product

(d) Signed a partnership with a major bank

(e) None of the above

Q7. With whom did the Reserve Bank of India (RBI) sign a Memorandum of Understanding (MoU) to promote the use of local currencies for cross-border transactions?

(a) Bank of England

(b) Bank of Japan

(d) People’s Bank of China

(e) European Central Bank

Q8. What was India’s manufacturing PMI in February 2024?

(a) 55.9

(b) 56.9

(d) 58.9

(e) 59.9

Q9. What is the allocated budget for the IndiaAI Mission approved by the Indian Cabinet?

(a) Rs. 10,000 crore

(b) Rs. 10,371.92 crore

(d) Rs. 10,372 crore

(e) Rs. 11,000 crore.

Q10. What is the total financial outlay for the UNNATI – 2024 scheme for a period of 10 years?

(a) Rs. 5,037 crore

(b) Rs. 9,037 crore

(d) Rs. 10,037 crore

(e) Rs. 25,037 crore

Q11. Which country formally joined NATO as its 32nd member?

(a) Finland

(b) Ukraine

(d) Turkey

(e) Sweden

Q12. What is the expected annual financial impact on the exchequer due to the Dearness Allowance (DA) and Dearness Relief (DR) hike?

(a) Rs 10,000 crore

(b) Rs 12,000 crore

(d) Rs 14,000 crore

(e) Rs 15,000 crore

Q13. How many moons are now known to orbit Uranus and Neptune respectively, following the recent discovery?

(a) Uranus: 27, Neptune: 15

(b) Uranus: 29, Neptune: 17

(d) Uranus: 30, Neptune: 18

(e) Uranus: 26, Neptune: 14

Q14. Where is the regional center of the Bharat Semiconductor Research Centre (BSRC) being established?

(a) Indian Institute of Technology Delhi

(b) Indian Institute of Technology Bombay

(d) Indian Institute of Science Bangalore

(e) Indian Institute of Space Science and Technology Thiruvananthapuram

Q15. Who inaugurated the Sansad Khel Mahakumbh 3.0 at the Luhnu Cricket Ground in Bilaspur on March 5, 2024?

(a) Prime Minister Narendra Modi

(b) Indian cricket team captain Rohit Sharma

(d) Indian cricket team coach Rahul Dravid

(e) None of the above

Solutions

S1. Ans.(c)

Sol. The NAMASTE Scheme has a budget allocation of 349.73 crores for its implementation from FY 2023-24 to FY 2025-26

S2. Ans.(c)

Sol. The NAMASTE Scheme is jointly initiated by the Ministry of Social Justice and Empowerment and the Ministry of Housing and Urban Affairs.

S3. Ans.(d)

Sol. Moody’s has revised India’s GDP forecast for 2024 to 6.8%, reflecting a positive economic outlook based on the nation’s strong growth trajectory and policy continuity.

S4. Ans.(c)

Sol. The merger of banks in India is sanctioned under Section 44A of the Banking Regulation Act, 1949. This section empowers the Reserve Bank of India (RBI) to approve mergers and acquisitions in the banking sector to ensure regulatory compliance and stability.

S5. Ans.(d)

Sol. The Union Cabinet has approved a 4% increase in Dearness Allowance (DA) and Dearness Relief (DR) for central government employees and pensioners, effective from January 1, 2024. This decision aims to mitigate the impact of inflation and benefit over 10 million employees and 6.79 million pensioners.

S6. Ans.(a)

Sol. Infibeam Avenues received the final authorization from the Reserve Bank of India (RBI) on March 4, 2024, to function as a payment aggregator, marking a significant milestone in its operations.

S7. Ans.(c)

Sol. The RBI signed the MoU with Bank Indonesia to establish a framework for promoting the utilization of local currencies – the Indian Rupee (INR) and the Indonesian Rupiah (IDR) – for cross-border transactions. This collaboration aims to enhance bilateral trade and strengthen economic relations between India and Indonesia.

S8. Ans.(b)

Sol. India’s manufacturing PMI for February 2024 was 56.9, the highest in five months, indicating robust expansion in the sector. This figure surpassed the initial estimate of 56.7 released earlier.

S9. Ans.(b)

Sol. The Indian Cabinet, led by Prime Minister Shri Narendra Modi, has greenlit the ambitious IndiaAI mission, allocating a substantial budget of Rs. 10,371.92 crore. This initiative aligns with the vision of bolstering AI innovation within India and leveraging AI for the nation’s advancement. The mission aims to establish a robust AI ecosystem through a strategic public-private partnership approach.

S10. Ans.(d)

Sol. The Cabinet, under PM Shri Narendra Modi, sanctioned the UNNATI – 2024 scheme, led by the Ministry of Commerce and Industry, to bolster industrial growth in the North East. Aimed at job creation and economic upliftment, it targets 2180 applications, projecting 83,000 direct employment opportunities. Rs. 10,037 crore, this amount covers the scheme’s expenses over 10 years, along with an additional allocation of Rs. 300 crore for implementation and institutional arrangements.

S11. Ans.(e)

Sol. Sweden formally became the 32nd member of NATO after completing its accession process in Washington. This decision comes two years after Sweden’s application, triggered by Russia’s full-scale invasion of Ukraine, highlighting concerns about regional security.

S12. Ans.(c)

Sol. The approved Dearness Allowance (DA) and Dearness Relief (DR) hike will result in a combined impact of Rs 12,869 crore annually on the exchequer.

S13. Ans.(c)

Sol. With the discovery of three new moons, the total count of known moons for Uranus and Neptune stands at 28 and 16 respectively.

S14. Ans.(e)

Sol. The regional center of the Bharat Semiconductor Research Centre (BSRC) is being established at IIST Thiruvananthapuram, as announced by Minister Rajeev Chandrasekhar.

S15. Ans.(c)

Sol. Union Minister Anurag Singh Thakur grandly inaugurated the Sansad Khel Mahakumbh 3.0 at the Luhnu Cricket Ground in Bilaspur on March 5, 2024. Chief Guests Indian cricket team captain Rohit Sharma and Indian cricket team coach Rahul Dravid graced the occasion as chief guests.