Current Affairs Quiz 2nd June 2024
Directions for the quiz:
1. This quiz, that is the Current Affairs Quiz 2nd June 2024, is meant to be a check for your learning and is meant to serve as a tool for assessment.
2. Current Affairs Quiz 2nd June 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 2nd June 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 2nd June, 2024
Question 1:
Why did the RBI cancel its first-ever auction of 10-year green bonds?
A) Lack of investor interest
B) High inflation rates
C) Traders refused to pay greenium
D) Market instability
Answer and Explanation
- Explanation: The RBI canceled the auction because traders were unwilling to pay the greenium, highlighting the challenges in pricing and trading green bonds.
Question 2:
How many transactions did the UPI network process in May 2024?
A) 13.3 billion
B) 14.04 billion
C) 15.1 billion
D) 12.9 billion
Answer and Explanation
- Explanation: The UPI network set a new record by processing 14.04 billion transactions in May 2024, up from 13.3 billion in April 2024.
Question 3:
Which bank is set to divest its 14.50% stake in Canara HSBC Life Insurance through an IPO?
A) State Bank of India
B) Punjab National Bank
C) Canara Bank
D) HDFC Bank
Answer and Explanation
- Explanation: Canara Bank has approved the initiation of the process to dilute its 14.50% stake in Canara HSBC Life Insurance Company Limited through an IPO.
Question 4:
What significant action did the RBI take regarding its gold reserves in 2024?
A) Sold gold to international markets
B) Transferred gold from the UK to India
C) Increased gold purchases
D) Reduced gold holdings
Answer and Explanation
- Explanation: The RBI transferred around 100 tonnes of gold from the UK to its vaults in India, marking the largest transfer since 1991.
Question 5:
What new regulation has the IRDAI introduced for health insurance?
A) Lower premiums
B) 100% cashless claim settlement
C) Higher coverage limits
D) Faster reimbursement processes
Answer and Explanation
- Explanation: The IRDAI has issued a circular aiming for 100% cashless claim settlement to improve services for policyholders.
Question 6:
What is the aim of the BIMReN initiative launched by the Indian government?
A) Enhance financial inclusion
B) Foster sustainable development of the blue economy
C) Improve healthcare facilities
D) Promote renewable energy projects
Answer and Explanation
- Explanation: BIMReN aims to connect researchers and research institutions in BIMSTEC countries to promote sustainable development of the blue economy.
Question 7:
By how much has the gratuity limit for central government employees been increased?
A) 20%
B) 25%
C) 15%
D) 30%
Answer and Explanation
- Explanation: The government has raised the gratuity limit for central government employees by 25%, increasing it from ₹20 lakhs to ₹25 lakhs.
Question 8:
Who recently retired as India’s first woman Permanent Representative to the United Nations?
A) Nirupama Rao
B) Sushma Swaraj
C) Ruchira Kamboj
D) Chokila Iyer
Answer and Explanation
- Explanation: Ruchira Kamboj, India’s first woman Permanent Representative to the United Nations, retired after 35 years of service.
Question 9:
What was India’s GDP growth rate in FY 2023-24?
A) 7.5%
B) 8.0%
C) 8.2%
D) 7.8%
Answer and Explanation
- Explanation: India’s real GDP grew by 7.8% in the fourth quarter of FY 2023-24, leading to a full-year growth rate of 8.2%.
Question 10:
Which two organizations partnered to offer home and mobility financing solutions?
A) SBI and Paytm
B) ICICI and Google Pay
C) L&T Finance and PhonePe
D) HDFC and Amazon Pay
Answer and Explanation
- Explanation: L&T Finance has partnered with PhonePe to expand the range of financial products and offer secured lending options to customers.
Question 11:
Which IIT startup launched the world’s first rocket with a fully 3D-printed engine?
A) IIT Bombay
B) IIT Delhi
C) IIT Kanpur
D) IIT Madras
Answer and Explanation
- Explanation: Agnikul Cosmos, a startup from IIT Madras, launched the world’s first rocket with a single-piece 3D-printed engine, the Agnibaan SOrTeD.
Question 12:
What is the primary focus of the EarthCARE mission launched by ESA?
A) Study ocean currents
B) Examine the Earth’s magnetic field
C) Study clouds and aerosols in Earth’s climate
D) Monitor volcanic activity
Answer and Explanation
- Explanation: The Earth Cloud Aerosol and Radiation Explorer (EarthCARE) satellite aims to study the role clouds and aerosols play in reflecting incident solar radiation and trapping infrared radiation emitted from Earth’s surface.
Question 13:
On which date is Telangana Formation Day celebrated?
A) June 1
B) June 3
C) June 2
D) June 4
Answer and Explanation
- Explanation: Telangana Formation Day is celebrated on June 2nd to mark the formation of the state from Andhra Pradesh.
Question 14:
What does the new health insurance circular by IRDAI aim to achieve?
A) Lower premiums for policyholders
B) Faster claim reimbursement
C) 100% cashless claim settlement
D) Higher coverage limits
Answer and Explanation
- Explanation: The IRDAI circular seeks to improve health insurance services by ensuring 100% cashless claim settlement, minimizing the need for reimbursement claims.
Question 15:
Which two organizations signed an MoU for collaborative research and training?
A) AIIMS and ISRO
B) ICMR and IIT Delhi
C) Armed Forces Medical Services and IIT Hyderabad
D) DRDO and IIT Kanpur
Answer and Explanation
- Explanation: The Armed Forces Medical Services (AFMS) and IIT Hyderabad signed a memorandum of understanding (MoU) for collaborative research and training.
