Current Affairs May 2024
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Questions and Answers

Which team won the IPL 2024 title?

  • Kolkata Knight Riders (correct)
  • Sunrisers Hyderabad
  • Royal Challengers Bangalore
  • Delhi Capitals

    • Who was named the Most Valuable Player of the IPL 2024 season?

    Sunil Narine

    What was the lowest score achieved by Sunrisers Hyderabad in the IPL 2024 final?

    113 runs

    Who received the Orange Cap for most runs in IPL 2024?

    <p>Virat Kohli</p> Signup and view all the answers

    What award did Nitish Kumar Reddy receive?

    <p>Emerging Player of the Season</p> Signup and view all the answers

    In which year was Alok Shukla awarded the Goldman Environmental Prize?

    <p>2024</p> Signup and view all the answers

    The Pandit Lacchu Maharaj Award was last given in 2014.

    <p>True</p> Signup and view all the answers

    What award did Alok Shukla receive for his activism?

    <p>Goldman Environmental Prize</p> Signup and view all the answers

    Alok Shukla serves as the convenor of ________.

    <p>Chhattisgarh Bachao Andolan</p> Signup and view all the answers

    Which environmental region did Alok Shukla focus on?

    <p>Hasdeo Arand Forest</p> Signup and view all the answers

    What was the significant achievement of Alok Shukla in 2022?

    <p>Cancellation of proposed auction for coal mines</p> Signup and view all the answers

    What is the significance of the 'Parivartan Start-up Grants programme' in India?

    <p>It supports low insurance penetration and vast protection gap by aiding startups.</p> Signup and view all the answers

    What percentage of Rs 2000 denomination banknotes has been reabsorbed into the banking system?

    <p>97.76%</p> Signup and view all the answers

    What is the name of the start-up that obtained a non-banking financial company license from the RBI?

    <p>GetVantage</p> Signup and view all the answers

    Which bank collaborated with EBANX for payment solutions?

    <p>YES BANK</p> Signup and view all the answers

    What was the maximum intraday risk cap for custodian banks issuing IPCs established by the RBI?

    <p>30 percent</p> Signup and view all the answers

    What is the anticipated fiscal deficit of India for the fiscal year ending March 2024?

    <p>17.35 trillion rupees</p> Signup and view all the answers

    Which bank launched the Pixel Play virtual credit card?

    <p>HDFC Bank</p> Signup and view all the answers

    Match the following banks with their respective achievements:

    <p>YES BANK = Introduced YES Grandeur premium banking service State Bank of India = Recorded highest standalone quarterly net profit ICICI Bank = Unveiled new feature for UPI transactions HDFC Bank = Launched Pixel Play virtual credit card</p> Signup and view all the answers

    How much dividend is expected from public sector banks (PSBs) to the government in FY24?

    <p>₹18,013 crore</p> Signup and view all the answers

    What is the projected growth rate of India's internet economy by 2030?

    <p>$1 trillion</p> Signup and view all the answers

    What has the RBI imposed on Hero FinCorp Limited?

    <p>A penalty of Rs 3.1 lakh</p> Signup and view all the answers

    What was the Goods and Services Tax (GST) revenue collection for India in April 2024?

    <p>Rs 2.10 lakh crore</p> Signup and view all the answers

    What was the percentage increase in India’s factory output in March 2024 compared to March 2023?

    <p>4.9%</p> Signup and view all the answers

    What was the revised GDP growth projection for India by the OECD for the fiscal year 2024-25?

    <p>6.6%</p> Signup and view all the answers

    How much did the cumulative profit of public sector banks (PSBs) increase in the financial year ending March 2024?

    <p>35%</p> Signup and view all the answers

    What was the share of gold in India's total foreign exchange reserves by the end of March 2024?

    <p>8.15%</p> Signup and view all the answers

    What was the net foreign direct investment (FDI) into India for fiscal year 2023-24?

    <p>$10.58 billion</p> Signup and view all the answers

    Who launched the UPI-based ‘Scan and Pay’ service?

    <p>Cred</p> Signup and view all the answers

    Match the following entities with their recent actions or plans:

    <p>Adani Green Energy Ltd (AGEL) = Secured USD 400 million for solar projects Bahtari Enterprises = Divested shares of ICICI Lombard Moody’s Ratings = Predicted 6.6% growth for FY25 IREDA = Granted Navratna status</p> Signup and view all the answers

    India's inflation rate rose to 4.83% in April 2024.

    <p>True</p> Signup and view all the answers

    What significant status was granted to the Indian Renewable Energy Development Agency (IREDA)?

    <p>Navratna status</p> Signup and view all the answers

    What percentage did ICICI Bank increase its stake in ICICI Lombard to?

    <p>51.7%</p> Signup and view all the answers

    What is the forecasted value of India's merchandise exports in FY25?

    <p>$500-510 billion</p> Signup and view all the answers

    Who is the first woman to reach a net worth of $100 billion?

    <p>Bettencourt Meyers</p> Signup and view all the answers

    What is the expected total value of exports by 2030?

    <p>$890-910 billion</p> Signup and view all the answers

    Who is the richest person in South America?

    <p>Carlos Slim</p> Signup and view all the answers

    When is Buddha Purnima celebrated in 2024?

    <p>23 May 2024</p> Signup and view all the answers

    What is the name of the digital service launched by Thomas Cook India for international money transfers?

    <p>TCPay</p> Signup and view all the answers

    Which countries celebrate Buddha Purnima with great enthusiasm? (Select all that apply)

    <p>Sri Lanka</p> Signup and view all the answers

    How much does Mahindra & Mahindra Ltd plan to invest in its automotive business over the next three years?

    <p>₹26,000 crore</p> Signup and view all the answers

    Buddha Purnima is celebrated in the month of December in most countries.

    <p>False</p> Signup and view all the answers

    The Bhilai Steel Plant is reducing its carbon footprint with a floating solar project.

    <p>True</p> Signup and view all the answers

    What amount did Fusion Micro Finance obtain from the United States International Development Finance Corporation?

    <p>$25 million</p> Signup and view all the answers

    What dish is popularly prepared on Buddha Purnima?

    <p>Kheer</p> Signup and view all the answers

    Who was Siddhartha Gautama?

    <p>The founder of Buddhism</p> Signup and view all the answers

    What certification was awarded to Infosys by TUV India?

    <p>ISO 42001:2023</p> Signup and view all the answers

    Which bank's license was revoked by RBI due to irregular lending practices?

    <p>Acemoney (India) Limited</p> Signup and view all the answers

    What is the main focus of Tata Motors’ collaboration with Bajaj Finance?

    <p>Streamlining financing options for dealers</p> Signup and view all the answers

    SpaceX’s Starlink aims to improve connectivity in urban regions of Indonesia.

    <p>False</p> Signup and view all the answers

    Which bank partnered with ANQ to introduce innovative credit cards?

    <p>YES Bank</p> Signup and view all the answers

    Who was named ICC Women’s Player of the Month for April 2024?

    <p>Hayley Matthews</p> Signup and view all the answers

    What financial penalty was imposed on the State Bank of India's South Africa branch?

    <p>10 million rand</p> Signup and view all the answers

    What is the interest rate declared for the Floating Rate Savings Bond (FRSB) 2034 by RBI?

    <p>8%</p> Signup and view all the answers

    Which Kathak exponent was honored in 2024?

    <p>Pandit Rajendra Gangani</p> Signup and view all the answers

    Which award was given to notable personalities in the field of Kathak, Bharatanatyam, and cinema from 2015 to 2024?

    <p>Pandit Lacchu Maharaj Award</p> Signup and view all the answers

    What was India's rank in the 2024 World Press Freedom Index?

    <p>159th</p> Signup and view all the answers

    Which country topped the 2024 World Press Freedom Index?

    <p>Norway</p> Signup and view all the answers

    Who provided the funds for the establishment of the Pulitzer Prize?

    <p>Joseph Pulitzer</p> Signup and view all the answers

    Sri Lanka is ranked higher than India in press freedom according to the 2024 index.

    <p>True</p> Signup and view all the answers

    Which three Indian literary masterpieces were inscribed on UNESCO’s Memory of the World Register?

    <p>Ramcharitmanas, Panchatantra, Sahṛdayāloka-Locana</p> Signup and view all the answers

    What are the top two countries in press freedom according to the 2024 Index?

    <p>Norway, Denmark</p> Signup and view all the answers

    The Pandit Lacchu Maharaj Award is named after the legendary Kathak exponent, _____ Maharaj.

    <p>Lacchu</p> Signup and view all the answers

    Study Notes

    IPL 2024 Highlights

    • Kolkata Knight Riders (KKR) won the IPL 2024 title, defeating Sunrisers Hyderabad (SRH) by eight wickets in the final.
    • The match took place at MA Chidambaram Stadium, Chennai, with KKR led by captain Shreyas Iyer.
    • SRH scored only 113 runs, the lowest in IPL final history, in 18.3 overs.
    • Venkatesh Iyer from KKR scored a notable 50 runs off 24 balls in the final.
    • KKR achieved their third IPL title, marking a significant win 12 years after their first.

    IPL 2024 Awards

    • Winner: Kolkata Knight Riders (Rs. 20 crore)
    • Runner Up: Sunrisers Hyderabad (Rs. 12.5 crore)
    • Most Valuable Player: Sunil Narine (KKR)
    • Ultimate Fantasy Player: Sunil Narine (KKR)
    • Orange Cap (Most Runs): Virat Kohli (RCB)
    • Purple Cap (Most Wickets): Harshal Patel (PBKS)
    • Emerging Player: Nitish Kumar Reddy (SRH)
    • Fair Play Award: Sunrisers Hyderabad

    Goldman Environmental Prize 2024

    • Alok Shukla from India received the 2024 Goldman Environmental Prize for environmental activism.
    • The prize honors grassroots leaders for significant contributions to environmental protection globally.
    • Shukla is recognized for his efforts in safeguarding the Hasdeo Arand Forest in Chhattisgarh, successfully preventing coal mining.

    Eminent Personalities Honored

    • Hema Malini and Saira Banu among others will receive the Pandit Lacchu Maharaj Award in 2024 for contributions to art and culture.
    • The award ceremony is set for 31 August 2024 in Lucknow, Uttar Pradesh, aiming to acknowledge excellence in dance.

    Press Freedom Index Overview

    • The World Press Freedom Index assesses 180 countries based on the freedom of journalists.
    • Countries like Myanmar, China, North Korea, Vietnam, and Afghanistan rank among the most dangerous for media personnel in the Asia-Pacific region.
    • No Asian country was listed in the top 15 for press freedom, highlighting significant challenges in the region.### Awards for Artistic Excellence
    • Esteemed awardees from 2015 to 2024 recognize excellence in Kathak, Bharatanatyam, and cinema.
    • Key Kathak legends honored include Uma Sharma (2015), Rama Vaidyanathan (2016), Uma Dogra (2017), and Pandit Rajendra Gangani (2024).
    • Film actresses Hema Malini (2018) and Saira Banu (2019) also recognized for significant contributions to Kathak.

    Press Freedom Rankings in South Asia

    • The 2024 World Press Freedom Index by Reporters Without Borders (RSF) ranks India at 159th, Pakistan at 152nd, and Sri Lanka at 150th out of 180 countries.
    • Press freedom challenges persist in South Asia, affecting independent journalism.

    Press Freedom in the Asia-Pacific Region

    • The Asia-Pacific region presents complexities for journalists, with Myanmar, China, North Korea, Vietnam, and Afghanistan marked as top ten dangerous countries for media personnel.
    • In 2024, no Asia-Pacific countries are in the top 15 for press freedom, indicating a worrying trend.

    Press Freedom Issues in the Middle East and North Africa

    • Nearly half of the countries in the Middle East and North Africa face serious press freedom issues, particularly in Yemen, Saudi Arabia, Iran, and Syria.
    • The United Arab Emirates is highlighted for widespread press freedom concerns.

    European Press Freedom Landscape

    • Europe, especially the EU, generally enjoys good press freedom, though countries like Hungary, Malta, and Greece face scrutiny for their media treatment.
    • The European Media Freedom Act aims to safeguard press freedom within the EU.
    • The 2024 index shows a decline in political indicators affecting press freedom globally.
    • Increasing political hostilities against journalists and the rise of AI disinformation campaigns pose significant threats.

    Journalist Risks in Environmental Reporting

    • Journalists covering environmental issues face considerable danger, with 44 fatalities reported in the last 15 years.

    2024 Pulitzer Prize Winners

    • The Pulitzer Prizes, established in 1904 by Joseph Pulitzer, recognize achievements in journalism, arts, and culture.
    • Recent winners include ProPublica for Public Service and Hannah Dreier for Investigative Reporting.

    Indian Literary Works on UNESCO Register

    • Three Indian literary masterpieces—Ramcharitmanas, Panchatantra, and Sahṛdayāloka-Locana—are inscribed on UNESCO’s Memory of the World Asia-Pacific Register, highlighting India’s cultural heritage.
    • This recognition aims to preserve the profound teachings of these works for future generations.

    Global Billionaires and Wealth Rankings

    • Mukesh Ambani (12th, $110 billion) and Gautam Adani (14th, $100 billion) feature in Bloomberg Billionaires Index's top 15 world super-rich list.
    • All individuals in the top 15 have a net worth of $100 billion or more for the first time.

    Notable Achievements

    • The first woman to reach a $100 billion net worth is Bettencourt Meyers, owner of L'Oreal, ranking 14th.
    • Carlos Slim of Mexico, the richest person in South America, is valued at $106 billion.

    World's Richest Person

    • Bernard Arnault, founder and CEO of LVMH, retains the title of the world's richest individual, with a net worth of $222 billion.### LVMH and Billionaire Rankings
    • LVMH's luxury brands are performing well, solidifying Bernard Arnault's position as the wealthiest individual.
    • Jeff Bezos, founder of Amazon.com Inc., ranks as the second richest with a net worth of $208 billion.
    • Elon Musk, CEO of Tesla, is third with a net worth of $187 billion, despite a drop of over $40 billion this year.

    Buddha Purnima 2024 Celebrations

    • Buddha Purnima, also known as Buddha Jayanti or Vesak, will be celebrated on May 23, 2024.
    • This festival honors the birth, enlightenment, and death of Gautama Buddha.
    • Observances include gathering at viharas (monasteries) for reading sutras, worshipping Buddha idols, and participating in meditations.

    Major Celebratory Sites

    • Bodh Gaya hosts the Mahabodhi Temple, where special prayers are conducted under the Bodhi tree.
    • The National Museum in Delhi showcases Buddha's relics during the celebrations.
    • Across Asia, Buddha Purnima is marked by unique local traditions and rituals.

    Food Traditions

    • Kheer, a sweet rice and milk pudding, is traditionally prepared and shared among devotees as part of the celebrations.

    Community and Cultural Events

    • Public talks and seminars are organized to promote Buddha's teachings and foster understanding and compassion among people.

    Historical Significance of Buddha Purnima

    • Buddha Purnima commemorates the life of Siddhartha Gautama, who renounced his royal life to seek enlightenment.
    • After years of meditation, he attained enlightenment under the Bodhi tree and later became known as the Buddha.

    ICC Players of the Month for April 2024

    • Hayley Matthews, West Indies captain, was awarded ICC Women’s Player of the Month with impressive performances in ODI and T20I matches.
    • Muhammad Waseem from the UAE was named ICC Men’s Player of the Month for his notable scoring in the ACC Premier Cup.

    Banking and Financial Updates

    • The Reserve Bank of India (RBI) released guidelines for Small Finance Banks aiming to transition to Universal Banks.
    • New monetary penalties were imposed on cooperative banks for regulatory compliance failures by the RBI.
    • The RBI's updates have led to a notable increase in commercial paper issuances by non-banking financial companies (NBFCs).

    Recent Developments in Digital Finance

    • YES Bank teamed up with fintech ANQ to launch innovative credit cards blending traditional banking with digital solutions.
    • HDFC Life initiated a campaign to simplify life insurance purchases online, addressing India's low insurance penetration.

    Fiscal Highlights

    • India's fiscal deficit for the year ending March 2024 is expected to be slightly better than the projected ₹17.35 trillion due to increased tax revenues.

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