Current Affairs Questions and Answers 11th May 2024

11th May Current Affairs 2024 Quiz

Q1. When was IREDA Global Green Energy Finance IFSC Limited officially incorporated?

(a) February 2024

(b) May 7, 2024

(c) January 2023

(d) March 2024

(e) April 2024

Q2. What factor influenced the government’s decision to undertake the G-Sec buyback?

(a) Decreasing fiscal reserves

(b) Declining GDP growth

(c) Robust financial position and expected RBI dividends

(d) High inflation rates

(e) None of the above

Q3. What is the anticipated fiscal deficit for India in the fiscal year ending March 2024, based on recent projections?

(a) 17.35 trillion rupees ($207.81 billion)

(b) 16.5 trillion rupees ($198.22 billion)

(c) 18.2 trillion rupees ($218.45 billion)

(d) 17 trillion rupees ($203.58 billion)

(e) 17.8 trillion rupees ($213.69 billion)

Q4. What was SBI’s net interest income (NII) in the fourth quarter of FY24?

(a) ₹41,655 crore

(b) ₹40,393 crore

(c) ₹17,369 crore

(d) ₹28,747 crore

(e) ₹20,698 crore

Q5. Which combination of elements is used in the start fuel ampule for achieving semi-cryogenic engine ignition?

(a) Nitrogen and Oxygen

(b) Hydrogen and Helium

(c) Carbon and Nitrogen

(d) Triethyle Alumnide and Triethyle Boron

(e) Oxygen and Helium

Q6. What percentage of stake did Bharti Enterprises hold in ICICI Lombard after the sale?

(a) 2.43%

(b) 1.63%

(c) 0.8%

(d) 51.7%

(e) 4.05%

Q7. Which payment methods are emphasized by YES BANK to support merchants in the Indian market?

(a) Cryptocurrency payments

(b) Cash-on-delivery transactions

(c) Unified Payments Interface (UPI) and locally issued cards

(d) Bank transfers only

(e) Mobile wallet payments

Q8. Which city retains its position as the world’s wealthiest city according to the Wealthiest Cities Report 2024?

(a) London

(b) New York City

(c) Tokyo

(d) Singapore

(e) Los Angeles

Q9. Which center is leading the development of semi-cryogenic propulsion systems within ISRO?

(a) Vikram Sarabhai Space Centre (VSSC)

(b) Satish Dhawan Space Centre (SDSC)

(c) Indian Space Research Organisation (ISRO)

(d) Liquid Propulsion Systems Centre (LPSC)

(e) Isro Propulsion Complex (IPRC)

Q10. What was the cut-off price for the 6.18% GS 2024 G-Sec buyback auction?

(a) ₹99.59

(b) ₹101.02

(c) ₹10,513 crore

(d) ₹17,384.552 crore

(e) None of the above

Solutions

S1. Ans. (b)

Sol. The subsidiary, IREDA Global Green Energy Finance IFSC Limited, was officially incorporated on May 7, 2024.

S2. Ans.(c)

Sol. The government’s decision to undertake the G-Sec buyback was influenced by its strong fiscal position, including significant GST collections and anticipated RBI dividends.

S3. Ans.(a)

Sol. According to recent projections, India’s fiscal deficit for the fiscal year ending March 2024 is expected to be slightly better than the government’s estimate of 17.35 trillion rupees.

S4. Ans.(a)

Sol. Net interest income (NII) for SBI in the fourth quarter of FY24 stood at ₹41,655 crore.

S5. Ans.(d)

Sol. These elements are utilized in the start fuel ampule for achieving semi-cryogenic engine ignition.

S6. Ans.(b)

Sol. Following the stake sale, Bharti Enterprises’ holding in ICICI Lombard reduced from 2.43% to 1.63%.

S7. Ans.(c)

Sol. YES BANK focuses on providing a range of local payment methods, including Unified Payments Interface (UPI) and locally issued cards, to support merchants in the Indian market, catering to the preferences of Indian consumers and facilitating efficient transactions.

S8. Ans.(b)

Sol.  New York City continues to maintain its status as the world’s wealthiest city, topping the list with 349,500 millionaires and a combined wealth exceeding $3 trillion, as outlined in the Wealthiest Cities Report 2024. This reaffirms New York’s position as a global financial powerhouse.

S9. Ans.(d)

Sol. LPSC is the lead center for the development of semi-cryogenic propulsion systems within ISRO.

S10. Ans.(a)

Sol. ₹99.59 was the cut-off price set by the RBI for the 6.18% GS 2024 G-Sec buyback auction.