Current Affairs Questions and Answers 14th April 2024

14th April Current Affairs 2024 Quiz

Q1. Which organization is spearheading the NS-25 mission?

(a) NASA

(b) SpaceX

(d) Virgin Galactic

(e) Roscosmos

Q2. Where is the fifth edition of Exercise DUSTLIK taking place?

(a) Termez District, Uzbekistan

(b) Tashkent, Uzbekistan

(d) Pithoragarh, India

(e) Delhi, India

Q3. Which country secured the 10th position in the World Cybercrime Index rankings?

(a) United States

(b) China

(d) India

(e) Nigeria

Q4. What is Moody’s Analytics’ forecast for India’s GDP growth in 2024?

(a) 5.5%

(b) 6.1%

(d) 7.0%

(e) 5.0%

Q5. Which country emerged as the fourth-largest exporter of digitally delivered services in 2023, according to the WTO report?

(a) India

(b) China

(d) United States

(e) Japan

Q6. Which financial institutions have backed Revolut India in its endeavors?

(a) Goldman Sachs and J.P. Morgan

(b) Barclays and HSBC

(d) Citigroup and Morgan Stanley

(e) Deutsche Bank and UBS

Q7. According to the World Cybercrime Index, which two countries rank as the top hubs of cybercrime?

(a) China and India

(b) Russia and Ukraine

(d) Nigeria and Ukraine

(e) India and United States

Q8. Which factor contributed most to India’s inflationary pressures in February 2024?

(a) Food prices

(b) Fuel prices

(d) Transportation costs

(e) Education expenses

Q9. What percentage stake is Japan’s MUFG set to acquire in HDB Financial Services?

(a) 10%

(b) 15%

(d) 25%

(e) 30%

Q10. What type of lender is HDB Financial Services?

(a) Deposit-taking lender

(b) Investment bank

(d) Commercial bank

(e) Venture capital firm

Solutions

S1. Ans. (c)

Sol. The NS-25 mission is conducted by Blue Origin, a private aerospace company founded by Jeff Bezos, the founder of Amazon. Blue Origin is focused on making space travel accessible to civilians and advancing space exploration technologies.

S2. Ans.(a)

Sol. This location in Uzbekistan is hosting the fifth edition of the joint military exercise between India and Uzbekistan.

S3. Ans.(d)

Sol. According to the World Cybercrime Index, India captured the 10th spot in the rankings, indicating its significance in the realm of cybercrime. This assessment is based on factors such as impact, professionalism of cybercriminals, and technical skills exhibited in cyber activities.

S4. Ans.(b)

Sol. Moody’s Analytics projects India’s GDP to expand by 6.1% in 2024, a slight increase from the 6% forecasted earlier. This indicates a moderate but positive outlook for the Indian economy’s growth trajectory.

S5. Ans.(a)

Sol. India’s exports of digitally delivered services stood at $257 billion in 2023, marking a 17 percent increase from the previous year, as per the WTO report. This growth outpaced major economies like China and Germany, positioning India as a significant player in the digital services sector.

S6. Ans.(c)

Sol. The text mentions that Revolut India is backed by Tiger Global and Softbank, indicating that these are the financial institutions supporting its operations.

S7. Ans.(b)

Sol. The World Cybercrime Index, compiled by top cybercrime experts, identifies Russia and Ukraine as the leading countries in terms of cybercriminal activity. This finding is based on surveys and expert insights, highlighting the prevalence of cybercrime originating from these regions.

S8. Ans.(a)

Sol. Food inflation climbed to 7.8% in February 2024, primarily driven by factors such as vegetables, eggs, meat, and fish. This indicates that food prices were the main contributor to inflationary pressures during that period.

S9. Ans.(c)

Sol. Japan’s MUFG is poised to acquire a 20% stake in HDB Financial Services, a non-banking subsidiary of HDFC Bank in India. This significant investment highlights MUFG’s strategic interest in the Indian financial market and its confidence in HDB Financial’s future prospects.

S10. Ans.(c)

Sol. HDB Financial Services is a non-banking financial company (NBFC), which means it engages in financial activities similar to banks but does not accept deposits from the public. As a major player in India’s shadow banking sector, HDB Financial offers various financial services such as lending, investment, and advisory services.