Current Affairs Quiz 1st May 2024 2024
Directions for the quiz:
1. This quiz, that is the Current Affairs Quiz 1st 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 1st 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 1st 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 1st May, 2024
Question 1:
What was the value of India’s imports from China in 2023-24?
A) Over $70 billion
B) $101 billion
C) $70 million
D) $101 million
Answer and Explanation
- Explanation: India’s import bill from China surged to over $101 billion in 2023-24 from around $70 billion in 2018-19, highlighting a growing dependency on Chinese imports.
Question 2:
What is the name of Zimbabwe’s new currency introduced to tackle its currency crisis?
A) ZiG
B) ZimDollar
C) GoldZim
D) ZimGold
Answer and Explanation
- Explanation: Zimbabwe introduced a new currency called the ZiG, short for Zimbabwe Gold, as part of efforts to resolve its long-standing currency issues.
Question 3:
What notable feature did paleontologists highlight about the newly discovered Chakisaurus nekul?
A) Its size
B) Its carnivorous diet
C) Its speed and unique tail anatomy
D) Its ability to fly
Answer and Explanation
- Explanation: The Chakisaurus nekul, a medium-sized herbivorous dinosaur discovered in Argentina, was noted for its speed and distinctive tail anatomy.
Question 4:
Why did the Uttarakhand government suspend licenses of 14 Patanjali products?
A) Product quality issues
B) Environmental concerns
C) Misleading advertisements
D) Health risks
Answer and Explanation
- Explanation: The Uttarakhand government suspended the manufacturing licenses of 14 Patanjali products due to misleading advertisements about their efficacy.
Question 5:
What does Cred’s new ‘Scan and Pay’ service allow users to do?
A) Withdraw cash
B) Transfer money internationally
C) Make payments using any QR code
D) Buy cryptocurrency
Answer and Explanation
- Explanation: Cred’s innovative ‘Scan and Pay’ service enables users to make payments directly from their bank accounts using any QR code, enhancing convenience in various retail settings.
Question 6:
For what reason did the RBI cancel the license of Acemoney (India)?
A) Tax evasion
B) Irregular lending practices
C) Bankruptcy
D) Illegal transactions
Answer and Explanation
- Explanation: The Reserve Bank of India revoked the license of Acemoney (India) Limited due to irregular lending practices, including excessive interest charges and inadequate protection of customer information.
Question 7:
How much did India reduce the windfall tax on petroleum crude as of May 1?
A) 8,400 rupees per metric ton
B) 9,600 rupees per metric ton
C) 6,800 rupees per metric ton
D) 10,000 rupees per metric ton
Answer and Explanation
- Explanation: India reduced the windfall tax on petroleum crude to 8,400 rupees per metric ton from a previous rate of 9,600 rupees, reflecting adjustments in response to market conditions.
Question 8:
What role did Justice Dinesh Kumar assume in April 2024?
A) Chief Justice of the Karnataka High Court
B) Presiding Officer of the Securities Appellate Tribunal
C) Attorney General of India
D) Supreme Court Justice
Answer and Explanation
- Explanation: Justice (retired) Dinesh Kumar took charge as the Presiding Officer of the Securities Appellate Tribunal (SAT) on 29 April 2024, following his retirement as the chief justice of the Karnataka High Court.
Question 9:
What is the purpose of the cooperation agreement between Bharat 6G Alliance and Europe’s Industry Alliance 6G?
A) To reduce roaming charges
B) To standardize mobile devices
C) To develop 6G technology
D) To enforce cybersecurity measures
Answer and Explanation
- Explanation: The Bharat 6G Alliance is set to sign a cooperation agreement with Europe’s Industry Alliance 6G to foster collaboration in developing 6G technology.
Question 10:
Which Kenyan runners won the Tata Consultancy Services World 10K Bengaluru?
A) Eliud Kipchoge and Brigid Kosgei
B) Geoffrey Kamworor and Faith Kipyegon
C) Peter Mwaniki and Lilian Kasait
D) Wilson Kipsang and Mary Keitany
Answer and Explanation
- Explanation: Peter Mwaniki and Lilian Kasait, both from Kenya, emerged as winners in the international elite men’s and women’s categories respectively at the 16th edition of the Tata Consultancy Services World 10K Bengaluru.
Question 11:
Which team did Paris Saint-Germain surpass to clinch their 12th Ligue-1 title?
A) Olympique Lyonnais
B) Olympique de Marseille
C) AS Monaco
D) None of the above
Answer and Explanation
- Explanation: Paris Saint-Germain secured their record 12th Ligue-1 title in the 2023-24 season under coach Luis Enrique, marking their third consecutive win.
Question 12:
What notable achievement did the Indian edtech startup Emeritus accomplish in 2024?
A) It was acquired by a major tech company
B) It expanded into over 100 countries
C) It topped TIME Magazine’s “World’s Top EdTech Companies of 2024” ranking
D) It launched a new virtual reality learning platform
Answer and Explanation
- Explanation: Emeritus, founded by Ashwin Damera and Chaitanya Kalipatnapu, achieved the top position in TIME Magazine’s “World’s Top EdTech Companies of 2024,” highlighting its global influence and the quality of its offerings.
Question 13:
What was the focus of International Labour Day 2024?
A) Promoting fair wages
B) Supporting worker unions
C) Ensuring safety and health at work in a changing climate
D) Increasing employment opportunities
Answer and Explanation
- Explanation: The focus of International Labour Day 2024 was on ensuring safety and health at work, particularly in the context of a changing climate, promoting the well-being of workers worldwide.
Question 14:
Who was Vinay Vir and what was he known for?
A) A politician known for his reforms
B) A businessman known for his philanthropy
C) A journalist known for promoting the Hindi language in South India
D) An artist known for his modernist paintings
Answer and Explanation
- Explanation: Vinay Vir was a renowned journalist, publisher, and editor of the Daily Hindi Milap, celebrated for his advocacy of the Hindi language in South India.
Question 15:
What major regulatory action did the RBI take against Acemoney (India)?
A) Imposed a heavy fine
B) Issued a warning
C) Canceled its license
D) Ordered restructuring
Answer and Explanation
- Explanation: The Reserve Bank of India canceled the license of Acemoney (India) Limited due to its non-compliance with guidelines, including irregular lending practices and inadequate protection of customer data.
