Current Affairs Questions and Answers 18th April 2024

18th April Current Affairs 2024 Quiz

Q1. Which rating agencies recently revised India’s GDP growth projection for FY24 to 7.8%?

(a) Moody’s and S&P Global Ratings

(b) Standard Chartered and HSBC

(d) Goldman Sachs and Morgan Stanley

(e) Credit Suisse and Deutsche Bank

Q2. What is the Finance Ministry’s proposed focus to combat cyber fraud?

(a) Increasing transaction fees

(b) Implementing stricter KYC procedures

(d) Lowering interest rates

(e) Providing free financial education

Q3. Which organization provides the e-RUPI voucher system integrated into CDP-SURAKSHA?

(a) Indian Banks’ Association (IBA)

(b) Ministry of Finance

(d) Securities and Exchange Board of India (SEBI)

(e) National Payments Corporation of India (NPCI)

Q4. Which state in India experienced the highest rate of tree cover loss due to fires per year from 2001 to 2022?

(a) Odisha

(b) Arunachal Pradesh

(d) Assam

(e) Meghalaya

Q5. Within how many years does Mahindra Susten, Hybrid Renewable Energy Project in Maharashtra, plan to commission the project?

(a) 1 year

(b) 2 years

(d) 4 years

(e) 5 years

Q6. When was Sheikh Ahmad Abdullah Al-Ahmad Al-Sabah appointed as the new Prime Minister of Kuwait?

(a) April 2024

(b) December 2023

(d) November 2021

(e) June 2025

Q7. Which airport retained its position as the busiest airport globally in 2023, according to the ACI report?

(a) Dubai International Airport

(b) Hartsfield-Jackson Atlanta International Airport

(d) Beijing Capital International Airport

(e) London Heathrow Airport

Q8 . What action did the Reserve Bank of India (RBI) take regarding the Bank of Baroda World app?

(a) Allowed unrestricted customer onboarding

(b) Issued a warning to the bank

(d) Advised customers to use the app cautiously

(e) Provided financial assistance to the affected customers

Q9. What is the total capacity of Mahindra Susten’s hybrid renewable energy project in Maharashtra?

(a) 153 MW

(b) 150 MW

(d) 175 MW

(e) 180 MW

Q10. Which sector has Canara Bank shown a higher appetite for loan growth in recent years?

(a) Retail

(b) Corporate

(d) Infrastructure

(e) Manufacturing

Solutions

S1. Ans. (c)

Sol. These rating agencies recently revised India’s GDP growth projection for FY24 upwards to 7.8% due to strong domestic demand and sustained growth in business and consumer confidence levels.

S2. Ans.(b)

Sol. The Finance Ministry’s proposed measures include advocating for stricter Know Your Customer (KYC) procedures and due diligence by banks and financial institutions to mitigate the risk of cyber fraud.

S3. Ans.(e)

Sol. The e-RUPI voucher system, integrated into CDP-SURAKSHA, is provided by NPCI. This system facilitates secure and cardless subsidy payments to farmers’ bank accounts, ensuring efficient and transparent financial transactions.

S4. Ans.(a)

Sol. Odisha had the highest annual rate of tree cover loss due to fires, averaging 238 hectares per year from 2001 to 2022. This highlights the significant impact of fire incidents on forest cover dynamics in the region.

S5. Ans.(b)

Sol. Mahindra Susten plans to commission the project within two years, demonstrating its commitment to sustainability and timely execution.

S6. Ans.(a)

Sol . Sheikh Ahmad Abdullah Al-Ahmad Al-Sabah was appointed as the new Prime Minister of Kuwait in April 2024 following the resignation of Sheikh Mohammed Sabah Al-Salem Al-Sabah

S7. Ans.(b)

Sol. According to the Airports Council International (ACI) report, Hartsfield-Jackson Atlanta International Airport maintained its position as the busiest airport globally in 2023. This airport in the United States consistently handles a significant volume of passenger traffic, securing its top ranking year after year.

S8. Ans.(c)

Sol. In October 2023, the RBI directed Bank of Baroda to suspend onboarding new customers on its ‘BoB World’ mobile app due to material supervisory concerns, as stated under Section 35A of the Banking Regulation Act, 1949.

S9. Ans.(b)

Sol. The project combines 101 MW wind and 52 MW solar capacity, totaling 150 MW.

S10. Ans.(c)

Sol. Fitch notes Canara Bank’s higher appetite for loan growth in the agriculture sector in recent years. This indicates a strategic focus on financing agricultural activities, which could contribute to the bank’s overall loan portfolio diversification.