Current Affairs Questions and Answers 19th June 2024

19th June Current Affairs 2024 Quiz

Q1. What is the revised GDP growth forecast for India in FY25 by Fitch Ratings?

(a) 6.8%

(b) 7.0%

(d) 7.5%

(e) 8.0%

Q2. Who represented India at the Summit on Peace in Ukraine hosted by Switzerland in June 2024?

(a) S. Jaishankar

(b) Pavan Kapoor

(d) Ajit Doval

(e) Subrahmanyam Jaishankar

Q3. Which act empowers the Reserve Bank of India to regulate and supervise banks in India?

(a) Foreign Exchange Management Act, 1999

(b) Reserve Bank of India Act, 1934

(d) Companies Act, 2013

(e) Banking Regulation Act, 1949

Q4. What was the primary reason for RBI’s cancellation of Purvanchal Co-operative Bank’s licence?

(a) Inadequate capital and poor earning prospects

(b) Fraudulent activities by bank officials

(d) Non-compliance with RBI regulations

(e) Economic recession in the region

Q5. What is the rank of New Delhi in Mercer’s 2024 Cost of Living Survey globally?

(a) 30th

(b) 164th

(d) 195th

(e) 202nd

Q6. According to the Environmental Performance Index 2024, what is India’s ranking among 180 countries?

(a) 150th

(b) 165th

(d) 190th

(e) 200th

Q7. Which country accounted for 80% of the global increase in spending on nuclear weapons in 2023?

(a) Russia

(b) China

(d) United States

(e) France

Q8. According to the Mercer 2024 Cost of Living Survey, which city in India is ranked highest for expatriate living costs?

(a) New Delhi

(b) Mumbai

(d) Bengaluru

(e) Kolkata

Q9. Which organization’s growth forecast for India aligns with Fitch’s revised estimate for FY25?

(a) IMF

(b) ADB

(d) RBI

(e) S&P

Q10. Where was the Summit on Peace in Ukraine held in June 2024?

(a) Geneva

(b) Zurich

(d) Davos

(e) Lausanne

Solutions

S1. Ans. (c)

Sol. Fitch Ratings has revised India’s GDP growth forecast for FY25 to 7.2%, up from the earlier estimate of 7%. This upward revision is based on expected recovery in consumer spending and continued investment growth.

S2. Ans.(b)

Sol. Shri Pavan Kapoor, Secretary (West) in the Ministry of External Affairs, represented India at the Summit on Peace in Ukraine held on June 15-16, 2024.

S3. Ans.(e)

Sol. This act empowers RBI to regulate and supervise banks and financial institutions in India.

S4. Ans.(a)

Sol. The RBI cancelled the licence of Purvanchal Co-operative Bank because it lacked sufficient capital and did not show sustainable earning potential, endangering depositor interests and public trust in banking operations.

S5. Ans.(b)

Sol. New Delhi is ranked 164th globally in Mercer’s 2024 Cost of Living Survey. This indicates a lower cost of living compared to Mumbai but still higher than many other Indian cities.

S6. Ans.(c)

Sol. The Environmental Performance Index (EPI) 2024 positioned India at 176th out of 180 countries, highlighting significant environmental challenges the country faces despite some improvements in specific metrics like sanitation and fine particulate matter pollution.

S7. Ans.(d)

Sol . According to the SIPRI report, the United States led global expenditures on nuclear weapons in 2023, contributing to 80% of the total $10.7 billion increase in spending compared to 2022.

S8. Ans.(b)

Sol. The Mercer survey ranks Mumbai as the most expensive city in India for expatriates in 2024, reflecting its higher costs relative to other Indian cities.

S9. Ans.(d)

Sol . Fitch’s revised forecast of 7.2% for FY25 aligns with the Reserve Bank of India’s (RBI) latest estimate. Earlier this month, the RBI also revised its forecast to 7.2%.

S10. Ans.(c)

Sol. The summit was hosted by Switzerland at Burgenstock on June 15-16, 2024.

FAQs

What is the revised GDP growth forecast for India in FY25 by Fitch Ratings?

Fitch Ratings has revised India's GDP growth forecast for FY25 to 7.2%, up from the earlier estimate of 7%. This upward revision is based on expected recovery in consumer spending and continued investment growth.