7/10/24, 2:59 PM 3 May 2024 Current Affairs Quiz for SSC, UPSC, PCS, Railways

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Question 1
The Patent Office of the Government of India has granted a patent on an indigenously
developed lightweight, compact, and easy-to-carry inverter to the ________________.

A Indian Institute of Technology Bhopal

B Indian Institute of Technology Patna

C Indian Institute of Technology Kanpur

D Indian Institute of Technology Delhi

Correct Answer: Option B

IIT-Patna has been granted a patent for its cost-effective inverter.
The Patent Office of the Government of India has granted a patent on an indigenously
developed lightweight, compact, and easy-to-carry inverter to the Indian Institute of
Technology-Patna (IIT-P).

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7/10/24, 2:59 PM 3 May 2024 Current Affairs Quiz for SSC, UPSC, PCS, Railways

This patented technology will go a long way in making the country self-reliant in the field
of portable power modules (Inverter/UPS).
IIT-P will have a copyright on the commercial use of this technology for 20 years.
It has been developed at the Incubation Center of IIT-P under the Startup Scheme of
'Portable Power Technology'.
It has been developed by a group of five young scientists–Abhijeet Kumar, Saurabh Rai,
Abhishek Ranjan, Radheshyam Kumar, and Rahmat Ali under the guidance of AK Thakur,
Academic Dean, IIT-P.
Hence, (b) is the correct answer.

Question 2
Who has been appointed as the Managing Director and Chief Executive Officer of Jio Financial
Services for a period of three years, with effect from November 15, 2023.

A Satish Kumar Mehta

B Hitesh Kumar Sethia

C Kumar Ranjan

D Chandresh Singh

Correct Answer: Option B

The appointment of Hitesh Sethia as CEO of Jio Financial Services approved by the
Ministry of Corporate Affairs.
Hitesh Kumar Sethia has been appointed as the Managing Director and Chief Executive
Officer of Jio Financial Services for a period of three years, with effect from November
15, 2023.
The company received the approval letter on April 24, 2024.
With over two decades of experience, Sethia is a former executive at McLaren Strategic
Ventures.
Hence, (b) is the correct answer.

Question 3
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7/10/24, 2:59 PM 3 May 2024 Current Affairs Quiz for SSC, UPSC, PCS, Railways

An integrated portal for government retirees has been launched by the Pension department.
What is the name of the Portal?

A Bhavishya Portal

B Prerna Portal

C Laksh Portal

D Vridh Sampoorn Portal

Correct Answer: Option A

An integrated portal for government retirees has been launched by the Pension
department.
The Department of Pension & Pensioners' Welfare has launched an Integrated
Pensioners’ Portal of the Bank of India, which is also known as the Bhavishya Portal.
It combines the pension processing and payment services of five banks into a single
window.
The retirees can check their monthly pension slips, check the status of life certificates,
submit Form 16, and view statements of arrears paid through this portal.
Hence, (a) is the correct answer.

Question 4
Who assumed the office of the presiding officer of the Securities Appellate Tribunal (SAT)?

A Tarun Agarwala

B PS Dinesh Kumar

C Ajit Kumar

D Harish Kumar Sharma

Correct Answer: Option B

Justice PS Dinesh Kumar assumed the office of the presiding officer of the Securities
Appellate Tribunal (SAT).
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7/10/24, 2:59 PM 3 May 2024 Current Affairs Quiz for SSC, UPSC, PCS, Railways

Justice PS Dinesh Kumar, former Chief Justice of the High Court of Karnataka, has
taken over as the presiding officer of the Securities Appellate Tribunal.
Dheeraj Bhatnagar, retired Principal Chief Commissioner of Income Tax, Delhi has
become the technical member of SAT.
The tenure of both members will be four years.
Justice Tarun Agarwala retired from the presiding officer post on December 29.
Hence, (b) is the correct answer.

Question 5
The Solomon Islands legislators have chosen ______________ to be their new prime minister.

A Jeremiah Manele

B Manasseh Sogavare

C Matthew Wales

D None of the above

Correct Answer: Option A

The Solomon Islands legislators have chosen Jeremiah Manele to be their new prime
minister.
Lawmakers in the Solomon Islands selected the previous foreign minister as prime
minister.
He has promised to carry out the international strategy that brought the nation closer to
China.
In the 50-seat parliament, Manele received 31 votes to opposition leader Matthew
Wales's 18 votes.
A national election was held last month. The government of outgoing Prime Minister
Manasseh Sogavare lost half of its seats in the election.
But none of the political parties were able to secure the majority in the election.
China, the United States, and adjacent Australia all closely watched the election.
Hence, (a) is the correct answer.

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7/10/24, 2:59 PM 3 May 2024 Current Affairs Quiz for SSC, UPSC, PCS, Railways

Question 6
As per OECD’s latest Economic Outlook report, it is expected that India’s GDP will grow by
______ in financial year 2023-24.

A 7.7%

B 7.8%

C 7.9%

D 8.0%

Correct Answer: Option B

As per OECD’s latest Economic Outlook report, it is expected that India’s GDP will grow
by 7.8% in financial year 2023-24.
It has projected a growth of 6.6% over the next two fiscal years.
As per the report, gross capital formation, especially in the public sector will drive India’s
domestic demand.
It is expected that private consumption growth will remain sluggish.
The growth in exports will continue. Services like information technology and consulting
will witness an increase in global market share.
The report says the headline inflation will decline gradually but food inflation will stay
elevated.
India's Consumer Price Index (CPI) inflation dropped to 4.9% in March from 5.1% on
average in the preceding two months and 5.7% in December 2023.
The RBI is expected to start loosening monetary policy in the second half of 2024 as
inflation starts to decline, according to the report.
In its most recent review meeting, the RBI maintained the repo rate at 6.5% for the
seventh consecutive time.
Hence, (b) is the correct answer.

Question 7
Which of the following statements is correct?
1. FSSAI has given orders for compulsory testing of spice brands across India.

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7/10/24, 2:59 PM 3 May 2024 Current Affairs Quiz for SSC, UPSC, PCS, Railways

2. The sale of some brand's spices has been stopped due to elevated ethylene oxide (ETO)
levels.
Select the correct code:

A 1 only

B 2 only

C 1 and 2

D None of the above

Correct Answer: Option C

FSSAI has given orders for compulsory testing of spice brands across India.
As per the order by FSSAI, a comprehensive testing of spices from all brands will be
performed.
FSSAI has directed its officials to carry out thorough inspections, sampling, and testing
across all spice manufacturing facilities.
It has also instructed state governments to conduct spice testing to guarantee quality.
This decision has been taken after the suspension of sales of certain spices of MDH
and Everest by Singapore and Hong Kong.
The sale of these brand's spices has been stopped due to elevated ethylene oxide (ETO)
levels.
Hence, (c) is the correct answer.

Question 8
Which of the following statements is correct?
1. The Reserve Bank of India (RBI) has recovered 97.76% of Rs 2,000 notes in circulation.
2. Rs 2,000 banknotes are still considered as legal tender.
Select the correct code:

A 1 only

B 2 only

C 1 and 2

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7/10/24, 2:59 PM 3 May 2024 Current Affairs Quiz for SSC, UPSC, PCS, Railways

D None of the above

Correct Answer: Option C

Reserve Bank of India (RBI) recovered 98% of Rs 2,000 notes in circulation.
As per the new update from RBI, 97.76% of the Rs 2,000 currency notes in circulation
have returned to the banking system.
Only Rs 7,961 crore worth of the withdrawn notes are still with the public.
As per the RBI, the total value of Rs 2,000 banknotes in circulation has declined from Rs
3.56 lakh crore on May 19, 2023, to just Rs 7,961 crore as of 30 April 2024.
Rs 2,000 banknotes are still considered legal tender. If the receiving party accepts then
it can be used for transactions.
Hence, (c) is the correct answer.

Question 9
In May 2024, Supreme Court orders Rajasthan to stop illegal mining in______________.

A Satpura range

B Vindhya range

C Hindu Kush range

D Aravalli range

Correct Answer: Option D

Supreme Court orders Rajasthan to stop illegal mining in Aravalli range.
Justice B.R. Gavai, heading a Special Bench with Justice A.S. Oka said that Illegal
mining in the Aravalli range must be stopped.
The court is dealing with a matter related to illegal mining in the Aravalli range.
The Supreme Court granted Rajasthan a week to provide information about the steps
taken by the state to curb illegal mining.
The Forest Survey of India (FSI) report in 2018 revealed that 31 hillocks had
disappeared due to rampant illegal mining.
It also found illegal mining at more than 3,000 sites across the Aravallis in Rajasthan
and Haryana.
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7/10/24, 2:59 PM 3 May 2024 Current Affairs Quiz for SSC, UPSC, PCS, Railways

Hence, (d) is the correct answer.

Question 10
With which of the following has NPCI International Payments Ltd. (NIPL) signed an agreement
to support it in developing United Payment Interface (UPI)-like instant payment system?

A Bank of Tanzania

B Bank of Angola

C Bank of Namibia

D Bank of Botswana

Correct Answer: Option C

NPCI International Payments Ltd. (NIPL) and Bank of Namibia have signed an
agreement.
As part of the agreement, NIPL will support Bank of Namibia in developing United
Payment Interface (UPI)-like instant payment system for Namibia.
The aim of the partnership is to enhance digital financial services and improve real-time
Person-to-Person (P2P) as well as Merchant payment transactions (P2M) in Namibia.
Through this agreement, Bank of Namibia will have access to best technology from
NIPL.
Bank of Namibia Governor Johannes Gawaxab said "Our objective is to achieve full
interoperability of payment instruments by 2025.”
Hence, (c) is the correct answer.

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