Current Affairs Questions and Answers 12th May 2024

12th May Current Affairs 2024 Quiz

Q1. What certification has R. Lakshmi Kanth Rao obtained from the Indian Institute of Banking and Finance (IIBF)?

(a) Certified Treasury Professional (CTP)

(b) Certified Financial Analyst (CFA)

(c) Certified Risk Management Professional (CRMP)

(d) Certified Associate of the IIBF

(e) Certified Public Accountant (CPA)

Q2. According to Zeta’s CEO, Ramki Gaddipati, what analogy does he use to describe the Credit Line on UPI?

(a) A financial barrier

(b) A credit distribution bottleneck

(c) A credit distribution superhighway

(d) A regulatory hurdle

(e) A digital credit vacuum

Q3. Who was the closest competitor to Mahamat Idris Deby Itno in the Chad presidential election?

(a) Shah Deby

(b) Succes Masra

(c) Yaya Dillo

(d) Masra Deby

(e) Yaya Deby

Q4. Which sector experienced a decline in Indian merchandise exports during 2023-24?

(a) Engineering

(b) Electronics

(c) Pharmaceuticals

(d) Petroleum products

(e) Cotton yarn/fabrics/handloom products

Q5. What is the total amount of India’s contribution to the UN Counter-Terrorism Trust Fund (CTTF) following the recent donation of $500,000?

(a) $1.55 million

(b) $2.55 million

(c) $3.55 million

(d) $4.55 million

(e) $5.55 million

Q6. What was the growth rate of India’s industrial production in March 2024 compared to February 2024?

(a) 4.9%

(b) 5.7%

(c) 5.8%

(d) 5.2%

(e) 1.9%

Q7. What is Deepesh Varma’s role in Thomas Cook India?

(a) Chief Financial Officer

(b) Chief Technology Officer

(c) Executive Vice President

(d) Chief Marketing Officer

(e) Chief Operations Officer

Q8. Which organization collaborated with IIT Bhubaneswar for defence technology projects?

(a) Indian Space Research Organisation (ISRO)

(b) Defence Research and Development Organisation (DRDO)

(c) Indian Institute of Science (IISc)

(d) National Aeronautics and Space Administration (NASA)

(e) Ministry of Defence (MoD)

Q9. Which region of Africa is characterized by political instability and insurgent activity, and includes Chad?

(a) Maghreb

(b) Horn of Africa

(c) Sahel

(d) Great Lakes region

(e) Southern Africa

Q10. Which aspect of TCPay demonstrates Thomas Cook India’s commitment to customer convenience and digitization?

(a) Limited operating hours

(b) Cumbersome paperwork

(c) 24×7 remittances facility

(d) Branch visits requirement

(e) Lack of customer support

Solutions

S1. Ans. (d)

Sol. R. Lakshmi Kanth Rao is a certified associate of the Indian Institute of Banking and Finance (IIBF), as stated in the provided information.

S2. Ans.(c)

Sol. Ramki Gaddipati, CEO of Zeta, describes the Credit Line on UPI as a “credit distribution superhighway,” emphasizing its potential to revolutionize credit inclusion in India. This analogy highlights the transformative impact of UPI on credit access.

S3. Ans.(b)

Sol.  Succes Masra emerged as the main challenger to Mahamat Idris Deby Itno in the election, albeit with a significantly lower vote share.

S4. Ans.(d)

Sol. While sectors like engineering, electronics, pharmaceuticals, and cotton yarn/fabrics/handloom products registered positive growth, there was a decline of 13.66% in the export of petroleum products.

S5. Ans.(b)

Sol. India’s recent contribution of $500,000 adds to its existing support, totaling $2.55 million.

S6. Ans.(a)

Sol. In March 2024, India’s industrial production growth rate slowed to 4.9% from 5.7% in February 2024, as reported by the Ministry of Statistics and Programme Implementation. This indicates a deceleration in industrial activity during this period.

S7. Ans.(c)

Sol. Deepesh Varma holds the position of Executive Vice President at Thomas Cook (India) Limited.

S8. Ans.(b)

Sol.  DRDO and IIT Bhubaneswar have partnered to work on defence technology projects.

S9. Ans.(c)

Sol. The Sahel region spans across ten African countries, including Chad, and is known for its political instability and the presence of various insurgent groups.

S10. Ans.(c)

Sol. The provision of a 24×7 remittances facility through TCPay aligns with Thomas Cook India’s commitment to customer convenience and digitization.