Current Affairs Questions and Answers 12th April 2024

12th April Current Affairs 2024 Quiz

Q1. Which country ranks second in the number of Hepatitis B and C cases, according to the WHO’s report?

(a) India

(b) United States

(d) Russia

(e) Australia

Q2. What is the primary aim of the partnership between ICICI Lombard and Policybazaar?

(a) To offer insurance products to 10 million customers

(b) To enhance insurance distribution across India

(d) To establish physical branches in remote areas

(e) To introduce a new insurance category

Q3. Which countries led in unicorn creation according to the Hurun Global Unicorn Index?

(a) India and Japan

(b) United States and United Kingdom

(d) Australia and Canada

(e) Germany and France

Q4. Which segment saw a nearly 29% decrease in gross direct premium in FY24 compared to the previous year?

(a) Health insurance

(b) Motor insurance

(d) Specialized insurers

(e) Public sector insurers

Q5. What was the value of the Credit Default Swap (CDS) trade conducted by State Bank of India and Standard Chartered Bank India under the new RBI norms?

(a) ₹20 crore

(b) ₹25 crore

(d) ₹35 crore

(e) ₹40 crore

Q6. What factor primarily contributed to India’s decline in unicorn creation in 2024, as per the Hurun Global Unicorn Index?

(a) Lack of governmental support

(b) Economic recession

(d) Oversaturation of the startup market

(e) Technological stagnation

Q7. Which country is believed to have influenced the extremists responsible for the Moscow attacks ——-?

(a) India

(b) China

(d) Russia

(e) Afghanistan

Q8. Which principle is fundamental to WTO rules, ensuring equal treatment among member countries?

(a) Preferential treatment

(b) Most-favored-nation (MFN) treatment

(d) Nationalistic treatment

(e) Bilateral treatment

Q9. Which Indian public sector undertakings are involved in KABIL?

(a) NALCO and HCL

(b) HCL and MECL

(d) NALCO, HCL, and MECL

(e) NALCO, HCL, and SAIL

Q10. What demographic group bears half the burden of chronic Hepatitis B and C infections, according to the WHO’s report?

(a) Children under 10 years

(b) Adults over 60 years

(d) Elderly over 75 years

(e) People aged 30–54 years

Solutions

S1. Ans. (a)

Sol. India ranks second globally in Hepatitis B and C cases, with 3.5 crore infections reported in the WHO’s 2024 Global Hepatitis Report. This underscores the significant burden of the disease in India and emphasizes the need for targeted interventions to address it.

S2. Ans.(b)

Sol. The collaboration between ICICI Lombard and Policybazaar aims to leverage Policybazaar’s digital platform to enhance insurance distribution across India.

S3. Ans.(c)

Sol. The US led the list with 703 unicorns, while China followed closely with 340 unicorns. This indicates that China and the US were the top countries in unicorn creation, highlighting their dominance in the global startup ecosystem.

S4. Ans.(d)

Sol. In FY24, the gross direct premium of specialized insurers was nearly 29% down from the previous year.

S5. Ans.(b)

Sol. This amount represents the value of the CDS trade executed between State Bank of India and Standard Chartered Bank India. This specific value is crucial as it demonstrates the scale and significance of the transaction in the financial market, indicating a substantial commitment by the involved parties.

S6. Ans.(c)

Sol. India’s slowdown in unicorn creation was mainly fueled by a lack of investment into startups, despite the stock market reaching record highs. This implies that despite favorable economic conditions, insufficient investment hindered the growth of unicorns in India.

S7. Ans.(c)

Sol. The extremists involved in the Moscow attacks are suspected to have been influenced by Pakistani seminaries, as mentioned in the context provided.

S8. Ans.(b)

Sol. MFN treatment ensures that each member country receives the same trade advantages as the most-favored nation.

S9. Ans.(d)

Sol. KABIL is a joint venture company comprising National Aluminium Company Limited (NALCO), Hindustan Copper Limited (HCL), and Mineral Exploration and Consultancy Limited (MECL).

S10. Ans.(e)

Sol. The WHO’s 2024 Global Hepatitis Report highlights that individuals aged 30–54 bear half the burden of chronic Hepatitis B and C infections. This demographic insight underscores the need for targeted healthcare strategies to address this public health challenge effectively.