Current Affairs Quiz 28th July 2024
Directions for the quiz:
1. This quiz, that is the Current Affairs Quiz 28th July 2024, is meant to be a check for your learning and is meant to serve as a tool for assessment.
2. Current Affairs Quiz 28th July 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 28th July 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 28th July, 2024
Question 1: What was the percentage increase in digital payments in India by March 2024?
A) 10.5%
B) 12.6%
C) 15.3%
D) 9.8%
Answer and Explanation
- Explanation: The Reserve Bank of India reported a 12.6% increase in digital payments by the end of March 2024, according to its Digital Payments Index.
Question 2: How many new branches does Canara Bank plan to open to boost CASA deposits?
A) 150
B) 200
C) 250
D) 300
Answer and Explanation
- Explanation: Canara Bank plans to expand its branch network by opening 250 new branches within the current financial year to enhance its CASA deposits.
Question 3: What is the value of the RBI-DPI index by March 2024?
A) 418.77
B) 395.57
C) 445.5
D) 500.0
Answer and Explanation
- Explanation: The RBI-DPI reached a value of 445.5 by March 2024, up from 418.77 in September 2023 and 395.57 in March 2023.
Question 4: How many entities entered the test phase in RBI’s fifth regulatory sandbox cohort?
A) 3
B) 5
C) 7
D) 9
Answer and Explanation
- Explanation: The Reserve Bank of India announced that five entities advanced to the test phase of its fifth regulatory sandbox cohort.
Question 5: Which of the following payment system operators was fined by RBI?
A) MasterCard
B) Paytm
C) Visa Worldwide
D) Rupay
Answer and Explanation
- Explanation: The RBI imposed monetary penalties on Visa Worldwide, Ola Financial Services, and Manappuram Finance for failing to comply with regulatory requirements.
Question 6: How many new industrial cities is India planning to develop?
A) 8
B) 10
C) 12
D) 15
Answer and Explanation
- Explanation: India is set to create 12 new industrial cities across various states to enhance domestic manufacturing capabilities.
Question 7: What initiative was launched by the UK and India recently?
A) Tech Growth Initiative
B) Tech Security Initiative
C) Digital Partnership Initiative
D) Cybersecurity Initiative
Answer and Explanation
- Explanation: The UK-India Technology Security Initiative was introduced to foster economic growth and strengthen collaboration between the UK and India in critical and emerging technologies.
Question 8: When will Kerala implement QR code registration for inland water vessels?
A) July 1, 2024
B) September 1, 2024
C) October 1, 2024
D) August 1, 2024
Answer and Explanation
- Explanation: Starting August 1, 2024, Kerala will implement QR code registration for all inland water vessels, including houseboats.
Question 9: What is the name of the index released by NITI Aayog tracking the progress of Indian states towards the SDGs?
A) SDG Progress Index
B) India Sustainability Index
C) SDG India Index
D) Sustainable Development Tracker
Answer and Explanation
- Explanation: NITI Aayog has published the SDG India Index for 2023-24, which tracks and measures the progress of Indian states and union territories towards the Sustainable Development Goals.
Question 10: What percentage of CASA deposits did Canara Bank have in June 2023?
A) 28.5%
B) 30.98%
C) 32.0%
D) 33.5%
Answer and Explanation
- Explanation: Canara Bank’s CASA deposits fell from 33% in June 2022 to 30.98% in June 2023.
Question 11: What is the theme of the fifth regulatory sandbox cohort by the RBI?
A) Fintech Innovations
B) Digital Banking
C) Open Theme
D) Blockchain Technology
Answer and Explanation
- Explanation: The fifth regulatory sandbox cohort’s theme is neutral, allowing for a wide range of innovations to be tested.
Question 12: Which entity imposed fines on three payment system operators?
A) NITI Aayog
B) SEBI
C) Ministry of Finance
D) RBI
Answer and Explanation
- Explanation: The Reserve Bank of India (RBI) imposed monetary penalties on Visa Worldwide, Ola Financial Services, and Manappuram Finance for failing to comply with regulatory requirements.
Question 13: Which state’s government is implementing QR code registration for inland water vessels?
A) Maharashtra
B) Tamil Nadu
C) Kerala
D) Karnataka
Answer and Explanation
- Explanation: The Kerala government will implement QR code registration for all inland water vessels starting August 1, 2024.
Question 14: Which organization released the SDG India Index for 2023-24?
A) Ministry of Environment
B) NITI Aayog
C) RBI
D) UNDP
Answer and Explanation
- Explanation: NITI Aayog released the SDG India Index for 2023-24, measuring the progress of Indian states and union territories toward the UN’s Sustainable Development Goals.
Question 15: On which date is World Nature Conservation Day observed?
A) July 20
B) July 25
C) July 28
D) July 30
Answer and Explanation
- Explanation: World Nature Conservation Day 2024 is observed globally on July 28 to promote awareness and actions for conserving nature.
