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Current Affairs Quiz 30th May 2024

Directions for the quiz:

1. This quiz, that is the Current Affairs Quiz 30th 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 30th 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 30th 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 30th May, 2024

 

Question 1:

Which country assumed the chairmanship of the Colombo Process for 2024-26?

A) Bangladesh

B) Sri Lanka

C) India

D) Pakistan

Answer and Explanation

Answer: C) India

  • Explanation: India took on the chairmanship of the Colombo Process for the first time since the forum’s establishment in 2003.

 

 

Question 2:

Who has been appointed as the new Chief Executive Officer for Sony India?

A) Mukesh Ambani

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B) Gaurav Banerjee

C) Rajesh Gopinathan

D) Satya Nadella

Answer and Explanation

Answer: B) Gaurav Banerjee

  • Explanation: Gaurav Banerjee, a seasoned executive from Walt Disney, has been appointed as Sony’s new Chief Executive Officer for India operations.

 

 

Question 3:

Who is the new Managing Director and Chief Executive Officer of the National Asset Reconstruction Company (NARCL)?

A) Rajnish Kumar

B) P Santhosh

C) Arundhati Bhattacharya

D) Shikha Sharma

Answer and Explanation

Answer: B) P Santhosh

  • Explanation: P Santhosh has been appointed as the new Managing Director and Chief Executive Officer of NARCL.

 

 

Question 4:

Which organization is collaborating with the Indian Army for Hydrogen Fuel Cell Bus technology trials?

A) Indian Oil Corporation Limited (IOCL)

B) Bharat Petroleum Corporation Limited (BPCL)

C) Hindustan Petroleum Corporation Limited (HPCL)

D) Reliance Industries Limited (RIL)

Answer and Explanation

Answer: A) Indian Oil Corporation Limited (IOCL)

  • Explanation: The Indian Army has joined hands with IOCL for demonstration trials of Hydrogen Fuel Cell Bus technology.

 

 

Question 5:

What did the Reserve Bank of India (RBI) impose on ICICI Bank and YES Bank?

A) Business restrictions

B) Penalties

C) Increased audit frequency

D) Liquidity support

Answer and Explanation

Answer: B) Penalties

  • Explanation: The RBI imposed penalties on ICICI Bank and YES Bank for regulatory violations pertaining to their financial positions as of March 31, 2022.

 

 

Question 6:

What is the cost inflation index (CII) set by the Income Tax Department for the financial year 2024-25?

A) 350

B) 360

C) 363

D) 370

Answer and Explanation

Answer: C) 363

  • Explanation: The Income Tax Department has established the Cost Inflation Index (CII) for the financial year 2024-25 at 363.

 

 

Question 7:

Which anti-radiation missile did India successfully test?

A) BrahMos

B) Rudram-II

C) Agni-V

D) Prithvi

Answer and Explanation

Answer: B) Rudram-II

  • Explanation: India successfully tested the indigenously developed anti-radiation missile Rudram-II.

 

 

Question 8:

Which bank did the RBI impose a penalty on for violating FEMA regulations?

A) ICICI Bank

B) YES Bank

C) HSBC

D) HDFC Bank

Answer and Explanation

Answer: C) HSBC

  • Explanation: The RBI fined HSBC Rs 36.38 lakh for breaching regulations outlined in the Foreign Exchange Management Act (FEMA).

 

 

Question 9:

How much sovereign lending did the Asian Development Bank (ADB) commit to India in 2023?

A) $1.5 billion

B) $2.0 billion

C) $2.6 billion

D) $3.0 billion

Answer and Explanation

Answer: C) $2.6 billion

  • Explanation: The Asian Development Bank (ADB) committed $2.6 billion in sovereign lending to India in 2023.

 

 

Question 10:

What regulatory change did SEBI implement for commodity derivatives?

A) Increased contract duration

B) Reduced delivery period

C) Higher margin requirements

D) New trading hours

Answer and Explanation

Answer: B) Reduced delivery period

  • Explanation: SEBI reduced the deliverable period for commodity derivatives from 5 days to 3 days.

 

 

Question 11:

Who was honored at the Outlook Planet Sustainability Summit & Awards 2024?

A) Central Public Sector Enterprises (CPSEs)

B) Private Companies

C) Non-Governmental Organizations

D) Educational Institutions

Answer and Explanation

Answer: A) Central Public Sector Enterprises (CPSEs)

  • Explanation: The Outlook Planet Sustainability Summit & Awards 2024 recognized Central Public Sector Enterprises (CPSEs) for their sustainability initiatives.

 

 

Question 12:

Which regulatory authority reduced the engagement period of statutory auditors with insurance companies?

A) SEBI

B) RBI

C) IRDAI

D) Ministry of Finance

Answer and Explanation

Answer: C) IRDAI

  • Explanation: The Insurance Regulatory and Development Authority of India (IRDAI) issued new guidelines reducing the engagement period of statutory auditors with insurance companies from 10 years to 4 years.

 

 

Question 13:

Which day has been designated by the United Nations General Assembly as International Potato Day?

A) May 1

B) May 15

C) May 30

D) June 5

Answer and Explanation

Answer: C) May 30

  • Explanation: The United Nations General Assembly designated May 30 as International Potato Day to be observed annually.

 

 

Question 14:

Who were the first individuals to conquer Mt. Everest, commemorated on International Everest Day?

A) Tenzing Norgay and Edmund Hillary

B) Reinhold Messner and Peter Habeler

C) George Mallory and Andrew Irvine

D) Junko Tabei and Ang Tshering

Answer and Explanation

Answer: A) Tenzing Norgay and Edmund Hillary

  • Explanation: Tenzing Norgay and Edmund Hillary were the first individuals to summit Mt. Everest in 1953, commemorated on International Everest Day.

 

 

Question 15:

What was the penalty imposed on HSBC by the RBI for violating FEMA regulations?

A) Rs 25 lakh

B) Rs 30 lakh

C) Rs 36.38 lakh

D) Rs 40 lakh

Answer and Explanation

Answer: C) Rs 36.38 lakh

  • Explanation: The RBI fined HSBC Rs 36.38 lakh for breaching regulations outlined in the Foreign Exchange Management Act (FEMA).
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