GK Current Affairs Quiz: March 5th 2024

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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

Answer and Explanation

Answer: C) 174

  • Explanation: The Geological Survey of India celebrated its 174th Foundation Day on March 4th, 2024, indicating its long history of geological exploration and research in India.

 

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

Answer and Explanation

Answer: B) To boost defence innovation

  • Explanation: The ADITI scheme, unveiled during DefConnect 2024, aims at promoting innovations in critical and strategic defence technologies, supporting start-ups with grants for R&D.

 

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%

Answer and Explanation

Answer: B) 0.7% in value and C) 0.8% in volume

  • Explanation: In February 2024, UPI transactions in India saw a slight decrease of 0.7% in value and 0.8% in volume compared to the previous month.

 

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%

Answer and Explanation

Answer: C) 6.8%

  • Explanation: Moody’s upgraded India’s GDP growth forecast for 2024 to 6.8%, reflecting optimism about the country’s economic prospects.

 

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

Answer and Explanation

Answer: B) Rs 2 lakh per transaction

  • Explanation: The updated regulations allow Nepal citizens to send up to Rs 2 lakh per transaction to Nepal, enhancing the ease of cross-border financial transactions.

 

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

Answer and Explanation

Answer: A) Fincare Small Finance Bank and AU Small Finance Bank

  • Explanation: The RBI approved the merger of Fincare Small Finance Bank Ltd. with AU Small Finance Bank, effective from April 1.

 

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

Answer and Explanation

Answer: B) 2023

  • Explanation: The inaugural International Day for Disarmament and Non-Proliferation Awareness was observed on March 5, 2023, following a UNGA resolution.

 

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

Answer and Explanation

Answer: B) To support young entrepreneurs with interest-free loans

  • Explanation: The MYUVA scheme offers interest-free loans to young entrepreneurs for projects valued up to Rs 5 lakh, aiming to create one lakh young entrepreneurs annually.
    • Question 10: What significant milestone was achieved by Sub-Inspector Suman Kumari? A) First female fighter pilot in the IAF B) First female to command an Indian Navy warship C) First woman sniper in the BSF D) First female combat officer in the CRPF

    Answer and Explanation

    Answer: C) First woman sniper in the BSF

    • Explanation: Sub-Inspector Suman Kumari made history as the first woman sniper in the Border Security Force (BSF), highlighting her exceptional skill and pioneering spirit.
      • Question 11: What is the main objective of the BIMSTEC Faculty Exchange Programme held in Dhaka? A) To enhance trade agreements between member states B) To promote tourism in the Bay of Bengal region C) To facilitate dialogue and collaboration among diplomats D) To initiate joint military exercises

      Answer and Explanation

      Answer: C) To facilitate dialogue and collaboration among diplomats

      • Explanation: The BIMSTEC Faculty Exchange Programme aims to foster dialogue and cooperation among diplomats from member countries, enhancing mutual understanding and collaboration.

 

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

Answer and Explanation

Answer: A) Brajesh Mehrotra

  • 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.
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