Current Affairs Questions and Answers 29th May 2024

29th May May Current Affairs 2024 Quiz

Q1. Which solution from TCS will Burgan Bank deploy for core banking transformation?

(a) TCS CoreBanking Suite

(b) TCS Digital Banking Platform

(c) TCS BaNCS

(d) TCS FinTech Solution

(e) TCS Cloud Banking System

Q2. What prompted the recent reconciliation between Saudi Arabia and Syria?

(a) A peace agreement brokered by the United Nations

(b) Economic incentives offered by Syria

(c) The reopening of the Saudi embassy in Damascus

(d) China-brokered rapprochement between Riyadh and Tehran

(e) A joint military exercise between the two nations

Q3. Under which section of the Financial Intelligence Centre Act was the penalty imposed on State Bank of India’s South Africa branch?

(a) Section 45A

(b) Section 38B

(c) Section 45C

(d) Section 30D

(e) Section 40E

Q4. What percentage of the votes did Lithuanian President Gitanas Nausėda secure in his landslide reelection victory?

(a) 64.5%

(b) 74.5%

(c) 84.5%

(d) 54.5%

(e) 44.5%

Q5. Which organization readmitted Syria after years of diplomatic isolation?

(a) United Nations Security Council

(b) European Union

(c) Arab League

(d) Organization of Islamic Cooperation

(e) NATO

Q6. Which of the following countries did India have a trade deficit with in 2023-24?

(a) Russia

(b) United Arab Emirates

(c) United States

(d) United Kingdom

(e) France

Q7. What is Goldman Sachs’ revised forecast for India’s GDP growth in 2024?

(a) 6.5%

(b) 6.7%

(c) 6.9%

(d) 7.1%

(e) 7.3%

Q8 . What dividend per share did LIC declare, resulting in a Rs 3,662 crore dividend for the government?

(a) Rs 6

(b) Rs 5

(c) Rs 7

(d) Rs 8

(e) Rs 9

Q9. What specific details were not provided by the bank regarding the penalty?

(a) Compliance measures

(b) Areas of non-compliance

(c) Financial penalty breakdown

(d) Communication with regulatory authorities

(e) Impact on the bank’s operations

Q10. Which companies has Ghana partnered with for the development of its 4G and 5G telecom infrastructure?

(a) Reliance Jio, Tech Mahindra, and Nokia

(b) Huawei, ZTE, and Ericsson

(c) AT&T, Verizon, and T-Mobile

(d) Samsung, LG, and Motorola

(e) Vodafone, Orange, and Telefonica

Solutions

S1. Ans. (c)

Sol. Burgan Bank will deploy TCS BaNCS for core banking transformation, as stated in the provided information. TCS BaNCS offers a comprehensive suite of banking solutions including core and digital banking, payments, loan origination, wealth management, and regulatory compliance, aligning with Burgan Bank’s transformation objectives.

S2. Ans.(d)

Sol. The recent reconciliation between Saudi Arabia and Syria was prompted by a China-brokered rapprochement between Riyadh and Tehran. This diplomatic development facilitated a thaw in relations between Saudi Arabia and Syria, leading to the reopening of diplomatic missions and a renewed dialogue between the two nations. It marked a significant shift in regional dynamics and opened avenues for cooperation in various fields.

S3. Ans.(c)

Sol.  The penalty was imposed under Section 45C of the Financial Intelligence Centre Act 38 of 2001 for non-compliance with certain provisions of the act or related orders and directives.

S4. Ans.(b)

Sol.  According to preliminary figures released by Lithuania’s Central Electoral Commission, President Nausėda won a commanding lead with 74.5% of the votes cast, solidifying his reelection bid in a landslide victory over Prime Minister Ingrida Šimonytė.

S5. Ans.(c)

Sol. Syria was readmitted to the Arab League after years of diplomatic isolation. The Arab League’s decision to readmit Syria signaled a broader regional acceptance and willingness to engage with the Syrian government. This readmission played a crucial role in paving the way for improved relations between Syria and its Arab neighbors, including Saudi Arabia.

S6. Ans.(a)

Sol . India recorded a trade deficit with Russia in 2023-24, amounting to $57.2 billion. This underscores the challenge of balancing trade relations with different countries to ensure economic stability.

S7. Ans.(b)

Sol. Goldman Sachs has increased its GDP growth forecast for India in 2024 to 6.7%, indicating a positive outlook for the country’s economic performance. This revision reflects factors such as sustained investment momentum and fiscal room for infrastructure spending.

S8. Ans.(a)

Sol.  LIC declared an interim dividend of Rs 6 per share, leading to a total dividend of Rs 3,662 crore for the government. This highlights LIC’s commitment to providing returns to its shareholders.

S9. Ans.(b)

Sol. While the bank disclosed the penalty details and the compliance timeframe, it did not elaborate on the specific areas of non-compliance or the measures required for compliance within the stipulated period.

S10. Ans.(a)

Sol. Ghana has collaborated with Reliance Jio’s subsidiary, Tech Mahindra, and Nokia to build the necessary infrastructure for delivering affordable 5G mobile broadband services.