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Current Affairs Quiz 3rd January 2024

Directions for the quiz:

1. This quiz, that is the Current Affairs Quiz 3rd January2024, is meant to be a check for your learning and is meant to serve as a tool for assessment.

2. Current Affairs Quiz 3rd January2024 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 3rd January2024 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 3rd January2024

 

 

Question 1:

What was the Gross Non-Performing Assets (GNPA) ratio of Indian scheduled commercial banks (SCBs) at the end of September 2024?

A) 12.2%

B) 3.2%

C) 14.8%

D) 2.3%

Answer and Explanation

Answer: B) 3.2%

  • Explanation: The GNPA ratio of Indian SCBs improved significantly, decreasing to 3.2% by September 2024. This marked a positive shift in asset quality for these banks.

 

 

Question 2:

Which sector had the highest Gross Non-Performing Assets (GNPA) ratio in the Indian banking sector?

A) Retail loans

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B) Agricultural sector

C) Industrial sector

D) Services sector

Answer and Explanation

Answer: B) Agricultural sector

  • Explanation: In the Indian banking sector, the agricultural sector recorded the highest GNPA ratio, indicating a higher level of non-performing assets in this segment compared to others.

 

 

Question 3:

What was the purpose of extending the Payments Infrastructure Development Fund (PIDF) scheme by the RBI?

A) To encourage large-scale industrial investments

B) To promote the deployment of payment acceptance infrastructure

C) To support agricultural loans

D) To boost real estate development

Answer and Explanation

Answer: B) To promote the deployment of payment acceptance infrastructure

  • Explanation: The RBI extended the PIDF scheme until December 31, 2025, primarily aiming to boost the deployment of payment acceptance infrastructure across the country.

 

 

Question 4:

Which of the following Indian banks are designated as Domestic Systemically Important Banks (DSIBs)?

A) SBI, HDFC Bank, and ICICI Bank

B) Federal Bank, RBL Bank, and Equitas Small Finance Bank

C) Axis Bank, Kotak Mahindra Bank, and Yes Bank

D) Punjab National Bank, Bank of Baroda, and Canara Bank

Answer and Explanation

Answer: A) SBI, HDFC Bank, and ICICI Bank

  • Explanation: SBI, HDFC Bank, and ICICI Bank have been recognized as Domestic Systemically Important Banks (DSIBs), underscoring their critical importance in the stability of India’s financial system.

 

 

Question 5:

Which project was inaugurated by Prime Minister Narendra Modi in Tiruchirappalli, Tamil Nadu?

A) Mumbai Trans Harbour Link

B) New terminal at Tiruchirappalli International Airport

C) Bharatmala Phase-I

D) Sukanya Samriddhi Yojana scheme

Answer and Explanation

Answer: B) New terminal at Tiruchirappalli International Airport

  • Explanation: Prime Minister Narendra Modi inaugurated the new terminal building at Tiruchirappalli International Airport during his visit to Tamil Nadu.

 

 

Question 6:

What is the new interest rate for the Sukanya Samriddhi Yojana (SSY) scheme as per the recent update?

A) 7.5%

B) 8.0%

C) 8.2%

D) 7.8%

Answer and Explanation

Answer: C) 8.2%

  • Explanation: The interest rate for the Sukanya Samriddhi Yojana (SSY) scheme was revised upwards to 8.2%, a move aimed at encouraging savings for the education of girl children in India.

 

 

Question 7:

Who was appointed as the event ambassador for the Tata Mumbai Marathon?

A) Katie Moon

B) Usain Bolt

C) Yohan Blake

D) Shelly-Ann Fraser-Pryce

Answer and Explanation

Answer: A) Katie Moon

  • Explanation: Katie Moon, a world-renowned pole vaulter and Olympic gold medalist, was named as the ambassador for the Tata Mumbai Marathon.

 

 

Question 8:

What was the primary purpose of the India-Russia Protocol signed during India’s External Affairs Minister’s visit to Russia?

A) To initiate a new trade agreement

B) To enhance military cooperation

C) To enhance cooperation in various areas

D) To launch a joint space mission

Answer and Explanation

Answer: C) To enhance cooperation in various areas

  • Explanation: The Protocol signed between India and Russia was aimed at deepening cooperation across various sectors, reinforcing the strong bilateral relationship between the two nations.

 

 

Question 9:

What was the range of the indigenous Fatah-II rocket system successfully tested by Pakistan?

A) 200 kilometers

B) 300 kilometers

C) 400 kilometers

D) 500 kilometers

Answer and Explanation

Answer: C) 400 kilometers

  • Explanation: Pakistan successfully tested the Fatah-II rocket system, a guided multi-launch system with an operational range of 400 kilometers.
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