Current Affairs Quiz 26th May 2024
Directions for the quiz:
1. This quiz, that is the Current Affairs Quiz 26th 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 26th 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 26th 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 26th May, 2024
Question 1:
How much liquidity did the Reserve Bank of India (RBI) inject through VRR auctions in May 2024?
A) Rs 5.75 trillion
B) Rs 6.75 trillion
C) Rs 7.75 trillion
D) Rs 8.75 trillion
Answer and Explanation
Question 2:
By what percentage did banks’ bids exceed the RBI’s notified amount in the VRR auction?
A) 37%
B) 42%
C) 47%
D) 52%
Answer and Explanation
Question 3:
As of December 2022, what was the total amount of unclaimed bank deposits in India?
A) Rs 18,379 crore
B) Rs 39,900 crore
C) Rs 25,000 crore
D) Rs 42,270 crore
Answer and Explanation
Question 4:
What online portal did the RBI launch to help users search for unclaimed deposits?
A) UDGAM
B) UDAN
C) DIGI-CLAIM
D) CLAIMS
Answer and Explanation
Question 5:
What is the UN’s updated economic growth rate forecast for India in 2024?
A) 6.5%
B) 6.9%
C) 7.2%
D) 7.5%
Answer and Explanation
Question 6:
What is the projected value of India’s internet economy by 2030?
A) $500 billion
B) $750 billion
C) $1 trillion
D) $1.5 trillion
Answer and Explanation
Question 7:
What new measure did the GST portal introduce for pan masala and tobacco manufacturers?
A) Tax reduction
B) Machinery registration
C) Export incentives
D) Subsidy for raw materials
Answer and Explanation
Question 8:
What is the projected value of India’s merchandise exports by FY25 according to FIEO?
A) $400-450 billion
B) $500-510 billion
C) $550-600 billion
D) $600-650 billion
Answer and Explanation
Question 9:
Which sector is expected to contribute significantly to India’s export growth?
A) Textiles
B) Engineering
C) Agriculture
D) Pharmaceuticals
Answer and Explanation
Question 10:
Who was appointed as the Commandant of the National Defence Academy (NDA) in 2024?
A) Vice Admiral Ajay Kocchar
B) Vice Admiral Gurcharan Singh
C) Vice Admiral R. Hari Kumar
D) Vice Admiral Karambir Singh
Answer and Explanation
Question 11:
Which company partnered with Foxconn to manufacture Pixel smartphones in Tamil Nadu?
A) Apple
B) Samsung
C) Google
D) Microsoft
Answer and Explanation
Question 12:
What was Kabosu, the dog behind the ‘Doge’ meme, famous for?
A) Winning dog shows
B) Being a guide dog
C) Inspiring Dogecoin and various meme tokens
D) Acting in movies
Answer and Explanation
Question 13:
What age did Kabosu, the dog behind the ‘Doge’ meme, pass away at?
A) 16 years
B) 17 years
C) 18 years
D) 19 years
Answer and Explanation
Question 14:
What sector is expected to grow at an annual rate of 25% in India’s internet economy?
A) Fintech
B) E-commerce
C) Edtech
D) Healthcare
Answer and Explanation
Question 15:
What initiative did the GST Council recommend to improve compliance in the pan masala and tobacco industries?
A) Tax cuts
B) Increased tariffs
C) Machinery registration protocols
D) Export bans