Current Affairs Quiz 10th May 2024
Directions for the quiz:
1. This quiz, that is the Current Affairs Quiz 10th May 2024, is meant to be a check for your learning and is meant to serve as a tool for assessment.
2. Current Affairs Quiz 10th May 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 10th May 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 10th May, 2024
Question 1:
Which initiative did the Uttarakhand government launch to tackle forest fires?
A) Pirul Lao-Paise Pao
B) Jungle Jagrukta
C) Vanrakshak Abhiyan
D) Agni Shaman Yojana
Answer and Explanation
- Explanation: The Uttarakhand government launched the ‘Pirul Lao-Paise Pao’ campaign to combat the state’s rampant forest fires.
Question 2:
Who was promoted to the position of President at L&T while retaining their current responsibilities?
A) Jaya Tripathi
B) Sunil Bharti Mittal
C) R Shankar Raman
D) Gautam Adani
Answer and Explanation
- Explanation: R Shankar Raman, Whole-time Director and CFO of L&T, was promoted to President while continuing with his current roles.
Question 3:
Which company secured a 20-year wind energy contract with the Sri Lankan government?
A) Bharti Enterprises
B) Adani Green Energy
C) ICICI Lombard
D) YES BANK
Answer and Explanation
- Explanation: Adani Green Energy signed a 20-year wind energy agreement with the Sri Lankan government to develop wind power facilities in Mannar and Poonerin.
Question 4:
What prompted the RBI to accept only ₹10,513 crore worth of government securities (G-Secs) in its recent buyback?
A) Lack of offers
B) High secondary market prices
C) Higher offers from banks
D) Budget limitations
Answer and Explanation
- Explanation: The RBI accepted only ₹10,513 crore out of the offered ₹17,384.552 crore due to higher prices set by banks.
Question 5:
Which financial entity reported a record standalone net profit of ₹20,698 crore in its latest quarterly report?
A) State Bank of India (SBI)
B) YES BANK
C) ICICI Lombard
D) Reserve Bank of India (RBI)
Answer and Explanation
- Explanation: The State Bank of India (SBI) reported a net profit of ₹20,698 crore, marking its highest-ever standalone quarterly profit.
Question 6:
Who did Bharti Enterprises sell ICICI Lombard shares to during their recent open market transaction?
A) State Bank of India
B) Reserve Bank of India
C) ICICI Bank
D) YES BANK
Answer and Explanation
- Explanation: ICICI Bank, the promoter of ICICI Lombard, acquired the shares from Bharti Enterprises to increase its stake to 51.7%.
Question 7:
Which cities were featured among the 50 wealthiest cities in the world, according to the Wealthiest Cities Report 2024?
A) New Delhi and Bangalore
B) Mumbai and New Delhi
C) Bangalore and Hyderabad
D) Kolkata and Mumbai
Answer and Explanation
- Explanation: Mumbai was ranked 24th, while New Delhi was placed 37th in the Wealthiest Cities Report 2024.
Question 8:
Which company was declared the ‘Official Sponsor’ of Sri Lanka’s T20 Men’s Cricket Team for the ICC T20 World Cup 2024?
A) Amul
B) PepsiCo
C) Bharti Enterprises
D) YES BANK
Answer and Explanation
- Explanation: Amul, an Indian milk producer, became the ‘Official Sponsor’ of the Sri Lankan Men’s Cricket Team for the ICC T20 World Cup 2024.
Question 9:
Which Indian wrestler was provisionally banned by United World Wrestling (UWW) until December 31, 2024?
A) Yogeshwar Dutt
B) Sushil Kumar
C) Bajrang Punia
D) Deepak Punia
Answer and Explanation
- Explanation: Bajrang Punia was suspended provisionally by UWW following his refusal to provide a urine sample.
Question 10:
What is the primary goal of ISRO’s semi-cryogenic propulsion system development?
A) Increase payload capacity
B) Reduce launch costs
C) Decrease environmental impact
D) Create reusable spacecraft
Answer and Explanation
- Explanation: ISRO is working on a semi-cryogenic propulsion system to increase the payload capacity of the Launch Vehicle Mark-3 (LVM3) and other launch vehicles.
Question 11:
Which entity did IREDA establish a subsidiary under to promote renewable energy development?
A) Ministry of Environment
B) International Financial Services Centre (IFSC)
C) GIFT City
D) Gujarat Green Energy Fund
Answer and Explanation
- Explanation: IREDA set up IREDA Global Green Energy Finance IFSC Limited within GIFT City to promote global financial investments in renewable energy.
Question 12:
When is the International Day of Argania celebrated annually?
A) April 15
B) May 10
C) June 5
D) July 1
Answer and Explanation
- Explanation: The International Day of Argania is observed every year on May 10 to honor the Argan tree, native to Morocco.
Question 13:
What is the primary aim of the ‘Pirul Lao-Paise Pao’ initiative?
A) Prevent illegal logging
B) Increase forest fire awareness
C) Generate revenue from forest resources
D) Control forest fires
Answer and Explanation
- Explanation: The Uttarakhand government’s ‘Pirul Lao-Paise Pao’ initiative aims to control the forest fires devastating the region.
Question 14:
Which Indian entity partnered with EBANX to boost cross-border transactions?
A) YES BANK
B) SBI General Insurance
C) ICICI Lombard
D) State Bank of India
Answer and Explanation
- Explanation: YES BANK teamed up with global fintech firm EBANX to facilitate cross-border transactions for merchants in India.
Question 15:
What fiscal factor contributed to India’s expected improvement in the 2023-24 deficit?
A) Reduced non-tax revenue
B) Increased inflation
C) Higher tax receipts and non-tax revenue
D) Declining secondary market prices
Answer and Explanation
- Explanation: India’s improved 2023-24 deficit is driven by stronger tax receipts and increased non-tax revenue.
