GK Current Affairs Quiz: March 5th 2024

Current Affairs Quiz 5th March 2024

Directions for the quiz:

1. This quiz, that is the Current Affairs Quiz 5th March 2024, is meant to be a check for your learning and is meant to serve as a tool for assessment.

2. Current Affairs Quiz 5th March 2024 is designed to check your Current Affairs General Knowledge and provide you with an assessment of the same.

3. Each question in Current Affairs Quiz 5th March 2024 followed by 4 options. Select the most appropriate option for the question.

4. Before you take this quiz, we would recommend to you to go through the article, Daily Current Affairs Today 5th March 2024

Question 1:
How many years did the Geological Survey of India celebrate on its Foundation Day in 2024?
A) 172
B) 173
C) 174
D) 175

Question 2:
What is the primary goal of the ADITI scheme launched by Rajnath Singh?
A) To promote agricultural innovations
B) To boost defence innovation
C) To encourage renewable energy sources
D) To enhance digital education

Question 3:
What was the percentage decline in UPI transactions in February 2024 compared to January 2024?
A) 0.6%
B) 0.7%
C) 0.8%
D) 0.9%

Question 4:
What is Moody’s GDP growth forecast for India in 2024?
A) 6.6%
B) 6.7%
C) 6.8%
D) 6.9%

Question 5:
What is the new transaction limit for Nepal citizens sending money to Nepal as per the India-Nepal financial cooperation update?
A) Rs 1.5 lakh per transaction
B) Rs 2 lakh per transaction
C) Rs 2.5 lakh per transaction
D) Rs 3 lakh per transaction

Question 6:
Which banks were involved in the merger approved by the RBI?
A) Fincare Small Finance Bank and AU Small Finance Bank
B) Bandhan Bank and IDFC First Bank
C) Kotak Mahindra Bank and Yes Bank
D) HDFC Bank and ICICI Bank

Question 7:
Why did the RBI impose a ban on gold loans by IIFL Finance?
A) Inadequate gold reserves
B) Issues with gold purity and LTV ratio
C) Low demand for gold loans
D) High risk of default

Answer and Explanation

Answer: B) Issues with gold purity and LTV ratio

• Explanation: The RBI’s ban on gold loans by IIFL Finance was due to significant supervisory concerns, including deviations in assaying and certifying the purity and net weight of gold, as well as breaches in Loan-to-Value (LTV) ratios.

Question 8:
When was the International Day for Disarmament and Non-Proliferation Awareness first observed?
A) 2022
B) 2023
C) 2024
D) 2025

Question 9:
What is the primary aim of the MYUVA scheme launched in Uttar Pradesh?
A) To promote agricultural ventures
B) To support young entrepreneurs with interest-free loans
C) To encourage women-led businesses
D) To boost digital literacy

Question 12:
Who was appointed as the new Chief Secretary of Bihar?
A) Brajesh Mehrotra
B) Anil Swarup
C) Rajiv Gauba
D) Amit Khare

• Explanation: Brajesh Mehrotra was announced as the new Chief Secretary of Bihar, bringing his extensive experience and dedication to this key administrative position.
Question 13:
Which event in 2024 aims to showcase and explore the latest advancements in various research domains?
A) The Indian Science Congress
B) The Global Innovation Summit
C) The All India Research Scholars’ Summit at IIT Madras
D) The National Technology Day Conference


Answer and Explanation
Answer: C) The All India Research Scholars’ Summit at IIT Madras
• Explanation: The All India Research Scholars’ Summit 2024, held at IIT Madras, serves as a platform for scholars from diverse disciplines across India to present and discuss the latest in research advancements.
Question 14:
What does the International Day for Disarmament and Non-Proliferation Awareness focus on?
A) Promoting nuclear energy for peaceful purposes
B) Encouraging the elimination of chemical weapons
C) The elimination of Weapons of Mass Destruction and reducing conventional armaments
D) Supporting non-military space exploration


Answer and Explanation
Answer: C) The elimination of Weapons of Mass Destruction and reducing conventional armaments
• Explanation: This day is dedicated to promoting the importance of disarmament, including the elimination of Weapons of Mass Destruction and a balanced reduction in conventional armaments.
Question 15:
What significant change was introduced in the financial cooperation between India and Nepal?
A) Introduction of a common currency
B) Increase in trade tariffs
C) Streamlining of cross-border digital payments
D) Establishment of a new free trade zone


Answer and Explanation
Answer: C) Streamlining of cross-border digital payments
• Explanation: The recent enhancements in India-Nepal financial cooperation, particularly focusing on digital payments, aim to facilitate easier cross-border transactions and improve convenience for citizens of both nations.