Current Affairs Questions and Answers 24th May 2024

24th May May Current Affairs 2024 Quiz

Q1. Which committee reviewed the Economic Capital Framework of the RBI?

(a) Rangarajan Committee

(b) Bimal Jalan Committee

(d) Shome Committee

(e) Kelkar Committee

Q2. Which agency is conducting ‘Exercise Cyber Suraksha – 2024’?

(a) Indian Army

(b) Indian Air Force

(d) Defence Cyber Agency

(e) National Cyber Security Agency

Q3. Which country became the 97th member of the ISA before Spain joined?

(a) Portugal

(b) Brazil

(d) Egypt

(e) Australia

Q4. Who is the Director (Marketing) of Indian Oil who flagged off the XP100 shipment?

(a) Ranjan Kumar

(b) V. Satish Kumar

(d) P. Srinivas

(e) A. Ramesh

Q5. What is the main focus of the newly formulated working group at the 46th ATCM hosted by India?

(a) Scientific research collaboration

(b) Environmental protection

(d) Military activity in Antarctica

(e) Territorial claims

Q6. What is the current market capitalization of India, as reported by the National Stock Exchange (NSE)?

(a) $4.93 trillion

(b) $5.1 trillion

(d) $4.7 trillion

(e) $5.3 trillion

Q7. Which of the following is considered a high-risk AI system under the AI Act?

(a) Social scoring systems

(b) Predictive policing applications

(d) Emotional recognition in schools

(e) Virtual personal assistants

Q8. Which organization primarily uses helicopters manufactured by Airbus Helicopters?

(a) Indian Space Research Organisation (ISRO)

(b) Indian Coast Guard

(d) Indian Army

(e) Pawan Hans Ltd.

Q9. Which two countries jointly launched the International Solar Alliance (ISA)?

(a) India and France

(b) India and Germany

(d) Australia and Japan

(e) UK and Canada

Q10. Who attended the inaugural session of ‘Exercise Cyber Suraksha – 2024’?

(a) Prime Minister Narendra Modi

(b) Defence Minister Rajnath Singh

(d) NSA Ajit Doval

(e) Chief of Army Staff Gen Bipin Rawat

Solutions

S1. Ans. (b)

Sol. The Bimal Jalan Committee reviewed the Economic Capital Framework of the RBI in 2018, which was subsequently adopted by the RBI in August 2019.

S2. Ans.(d)

Sol. The exercise is being conducted by the Defence Cyber Agency.

S3. Ans.(c)

Sol. Panama officially ratified the International Solar Alliance (ISA) in March, becoming the 97th member nation. This was followed by Spain’s ratification, making Spain the 99th member.

S4. Ans.(b)

Sol. V. Satish Kumar, the Director (Marketing) of Indian Oil, flagged off the inaugural shipment of XP100 at the Jawaharlal Nehru Port Trust, emphasizing the significance of this milestone for the company.

S5. Ans.(c)

Sol. For the first time, a dedicated working group for regulating tourism in Antarctica has been formulated at the 46th ATCM, hosted by India, to address the growing tourism activities and their impact on the continent’s environment.

S6. Ans.(a)

Sol . The National Stock Exchange (NSE) reported a combined market capitalization of $4.93 trillion for listed companies in India. This figure reflects the total market value of all firms listed on the NSE, as of the latest reporting period.

S7. Ans.(c)

Sol. High-risk AI systems include autonomous vehicles and medical devices, evaluated based on the risks they pose to health, safety, and fundamental rights. Other examples, such as social scoring and predictive policing, are considered “unacceptable” risks and are prohibited under the Act.

S8. Ans.(e)

Sol. Pawan Hans Ltd., a major operator in India, predominantly uses helicopters manufactured by Airbus Helicopters.

S9. Ans.(a)

Sol. The International Solar Alliance (ISA) was conceived and launched by India and France during the 21st Conference of Parties (COP21) to the United Nations Framework Convention on Climate Change held in Paris in 2015. The initiative aims to promote solar energy deployment to combat climate change.

S10. Ans.(c)

Sol. Chief of Defence Staff (CDS) Gen Anil Chauhan attended the inaugural session of ‘Exercise Cyber Suraksha – 2024’.