Current Affairs MCQs(English): March 18, 2024 | Test Your Knowledge with Latest Events

2024-04-01 11:13:17

 

1. What is the aim of the Lakhpati Didi initiative?

A) To improve the credit access for SHGs

B) To empower women in SHGs to earn at least Rs 1,00,000 per year

C) To provide financial inclusion to women in rural areas

D) To increase the participation of women in the formal sector

2. What is the percentage of SHGs holding bank accounts through the SHG Bank Linkage Programme?

A) 3.9%

B) 8.5%

C) 92.1%

D) 97.5%

3. How much did the average limit sanctioned to SHGs increase in FY24 compared to FY19?

A) 3.9 times

B) 1.5 times

C) 2.0 times

D) 2.2 times

4. How much did the average repayment increase in FY24 compared to FY19?

A) 1.5 times

B) 3.9 times

C) 2.0 times

D) 2.2 times

5. Which initiative enables financialisation at an unprecedented scale, according to the study?

A) SARAS Melas

B) Bank Mitras and Digital Didis

C) Aadhar Enabled Payment system

D) Open Network for Digital Commerce

6. What is the primary objective of self-help groups (SHGs)?

A) Create employment opportunities for marginalized individuals

B) Increase income levels of women in rural areas

C) Collectively address common issues such as poverty, illiteracy, and lack of skills

D) Promote self-governance and peer support within communities

7. Which state has witnessed the highest increase in female SHG incomes?

A) Tamil Nadu

B) Uttarakhand

C) Andhra Pradesh

D) Kerala

8. In which year was the SHG-Bank Linkage Programme (SHG-BLP) initiated?

A) 1990

B) 1989

C) 1992

D) 1984

9. Which national organization supports the SHG-Bank Linkage Programme (SHG-BLP)?

A) Reserve Bank of India (RBI)

B) State Bank of India (SBI)

C) Ministry of Rural Development

D) National Bank for Agriculture and Rural Development (NABARD)

10. Which microfinance program covers approximately 16.19 crore households?

A) Looms of Ladakh

B) Kudumbashree

C) Mahila Arthik Vikas Mahamandal

D) SHG-BLP

11. Where are the four Indian Air Force pilots undergoing training for the Gaganyaan mission?

A) European Space Agency (ESA) in Paris, France

B) National Aeronautics and Space Administration (NASA) in Houston, USA

C) Indian Space Research Organisation (ISRO) in Bangalore, India

D) Gagarin Research and Test Cosmonaut Training Centre in Moscow, Russia

12. Who signed a contract with the Indian Space Research Organisation for the training of candidates?

A) European Space Agency (ESA)

B) Chinese National Space Administration (CNSA)

C) National Aeronautics and Space Administration (NASA)

D) Russian government-owned Glavkosmos

13. Which spacecraft will the candidate-astronauts study in detail?

A) Saturn V rocket

B) Space Shuttle orbiter

C) Soyuz manned spaceship

D) Falcon Heavy rocket

14. What is the special role of the Il-76MDK aircraft in the training?

A) Training in short-term weightlessness mode

B) Practicing for extraterrestrial life exploration

C) Training in long-duration spacewalk simulations

D) Testing of reentry into Earth’s atmosphere

15. What is the purpose of the Gaganyaan mission?

A) Indian human space flight

B) Satellite deployment mission

C) Lunar landing mission

D) Astrobiological research mission

16. What is the purpose of Foreign Portfolio Investment (FPI)?

A) To gain short-term financial return

B) To influence the corporate governance

C) To have a significant degree of influence or control over a company

D) To have control over the company in which investment is made

17. What is an example of Foreign Portfolio Investment (FPI)?

A) Investing in Indian stocks through a mutual fund

B) Setting up an enterprise to establish significant control

C) Investing larger, long-term commitments

D) A foreign car manufacturer setting up a production plant in India

18. Which type of investment is considered more stable?

A) Neither FDI nor FPI

B) Both FDI and FPI

C) Foreign Direct Investment (FDI)

D) Foreign Portfolio Investment (FPI)

20. What is the main difference between FDI and FPI in terms of ownership and control?

A) FPI provides control over the company in which investment is made

B) Both FDI and FPI provide control over the company in which investment is made

C) FDI does not involve management or decision-making processes

D) FPI does not provide ownership control over the enterprises

21. Which type of investment has a direct impact on employment, technology transfer, and long-term economic development?

A) Foreign Portfolio Investment (FPI)

B) Neither FDI nor FPI

C) Foreign Direct Investment (FDI)

D) Both FDI and FPI

22. What makes neutrinos difficult to detect?

A) They interact very weakly with matter

B) They have a negative charge

C) They have a very high speed

D) They are too small to be measured

23. Which particles are commonly produced when a neutrino collides with a nucleus of an atom?

A) Protons, neutrons, and electrons

B) Alpha particles, beta particles, and gamma rays

C) Electrons, muons, and pions

D) Photons, positrons, and neutrinos

24. Where is the IceCube detector located?

A) North Pole, Arctic

B) Mount Everest, Asia

C) South Pole, Antarctica

D) Sahara Desert, Africa

25. Which of the following is NOT a type of neutrino?

A) Photon

B) Electron

C) Muon

D) Tau

26. What is the primary function of the IceCube detector?

A) Mapping solar wind

B) Detecting cosmic rays

C) Observing gravitational waves

D) Detecting neutrinos

27. What is the full form of SIMA?

A) Systematic Intelligence Manipulation Agent

B) Smart Interactive Machine Assistant

C) Scalable Instructable Multitask World Agent

D) Selective Intelligent Multitask Analyzer

28. How does SIMA improve its ability to complete tasks based on instructions?

A) By collaborating with Unity game engine

B) By analyzing graphics and visual data

C) By performing self-learning algorithms

D) Through interactions and user engagement

29. Which game engine did DeepMind partner with for the implementation of SIMA?

A) Unity

B) Cry Engine

C) Unreal Engine

D) Source Engine

30. What type of neural network structure does DeepMind utilize?

A) Self-organizing Maps

B) Radial Basis Function Networks

C) Recurrent Neural Networks

D) Artificial Neural Networks

31. Which prestigious prize did DeepMind scientists win in 2022?

A) Fields Medal

B) Turing Award

C) Nobel Prize

D) Breakthrough Prize

32. Which of the following best describes Global Equity Funds?

A) Funds that invest only in domestic stocks

B) Funds that invest in companies around the world 

C) Funds that invest in real estate properties

D) Funds that focus solely on fixed income securities

33. What is a key advantage of investing in Global Equity Funds?

A) Higher risk compared to investing in a single country's stocks

B) Preferential tax treatment on dividends

C) Limited diversification across different regions

D) Exposure to a wide range of global markets 

34. When investing in Global Equity Funds, investors are typically looking to:

A) Focus solely on emerging market investments

B) Increase their exposure to a single country's economy

C) Achieve high short-term profits with minimal risk

D) Diversify their portfolio across various international markets 

35. Which of the following is a potential risk of investing in Global Equity Funds?

A) Currency fluctuations affecting returns 

B) Limited market exposure across different regions

C) Higher tax burden on capital gains

D) Minimal risk due to the fund's focus on stable companies

36. How do Global Equity Funds differ from International Equity Funds?

A) The two terms are interchangeable and refer to the same type of investment

B) International Equity Funds invest solely in domestic stocks, while Global Equity Funds invest internationally 

C) Global Equity Funds invest in companies from one specific region, while International Equity Funds invest worldwide

D) Global Equity Funds focus on real estate investments, while International Equity Funds invest in commodities

37. What role does a fund manager play in managing Global Equity Funds?

A) Providing preferential tax treatment to investors

B) Actively selecting and monitoring investments to achieve the fund's objectives 

C) Making guarantees on the fund's returns

D) Keeping the fund's portfolio stagnant without making any changes

38. Which of the following factors may influence the performance of Global Equity Funds?

A) Changes in the tax law for domestic companies

B) Political stability in one specific country

C) Fixed interest rates

D) Currency exchange rates 

39. How does investing in Global Equity Funds contribute to portfolio diversification?

A) It limits exposure to international markets

B) It focuses solely on one specific industry

C) It offers broader exposure to a variety of global stocks 

D) It hedges against currency fluctuations

40. What is meant by the term "equity" in the context of Global Equity Funds?

A) Guaranteed returns on investment

B) Real estate properties held by the fund

C) Fixed income securities issued by governments

D) Ownership shares in a company 

41. Which of the following statements is true about the performance of Global Equity Funds?

A) They outperform all other types of investment funds

B) They offer guaranteed returns to investors

C) Their performance can be volatile due to market fluctuations 

D) They are not affected by changes in the global economy

42. When is the EU’s proposed framework for AI regulation expected to become enforceable?

A) 2023

B) 2025

C) 2024

D) 2027

43. What is the main focus of the General Data Protection Regulation (GDPR)?

A) Addressing non-competitive practices and dominance abuse

B) Regulating hate speech and counterfeit goods

C) Categorizing AI based on invasiveness and risk

D) Privacy and explicit consent for data processing

44. What is India’s current stance on AI regulation?

A) Aligning with China’s policies and priorities for AI regulation

B) Supporting innovation and a light-touch approach to AI regulation

C) Shifting from no regulation to formulating regulations based on a risk-based approach

D) Active enforcement of comprehensive AI regulations

45. Which Indian government body issued ethical guidelines for AI in biomedical research and healthcare?

A) National Institution for Transforming India (NITI Aayog)

B) Indian Council of Medical Research

C) Telecom Regulatory Authority of India

D) Ministry of Electronics and Information Technology

46. Which countries are the founding members of the Global Partnership on Artificial Intelligence (GPAI)?

A) China, United States, and the United Kingdom

B) China, India, and France

C) United States, France, and the European Union

D) India, France, and 28 other nations along with the European Union

47. What is one potential benefit of the Free Trade Agreement (FTA) between India and the UK?

A) Increased restrictions on imports

B) Enhanced transparency in trade deals

C) Reduced competitiveness in service sectors

D) Limited access to global markets

48. How does the FTA impact India's export potential?

A) It restricts the export of marine products

B) It hinders job creation in key sectors

C) It boosts exports of textiles and leather goods

D) It eliminates the need for diversification in sourcing

49. Why did India exit the Regional Comprehensive Economic Partnership (RCEP) deal?

A) To focus on strengthening ties with China

B) To prioritize trade deals with the UK

C) Due to concerns about intellectual property rights

D) To explore opportunities with other key markets

50. What strategic advantage does the UK offer to India in the context of trade relations?

A) Membership in the European Union

B) Permanent seat at UNSC

C) Strong ties with China

D) Access to exclusive healthcare services 

Answer Keys:

1. B) To empower women in SHGs to earn at least Rs 1,00,000 per year

2. D) 97.5%

3. D) 2.2 times

4. B) 3.9 times

5. B) Bank Mitras and Digital Didis

6. C) Collectively address common issues such as poverty, illiteracy, and lack of skills

7. B) Uttarakhand

8. C) 1992

9. D) National Bank for Agriculture and Rural Development (NABARD)

10. D) SHG-BLP

11. C) Indian Space Research Organisation (ISRO) in Bangalore, India

12. D) Russian government-owned Glavkosmos

13. C) Soyuz manned spaceship

14. A) Training in short-term weightlessness mode

15. A) Indian human space flight

16. A) To gain short-term financial return

17. A) Investing in Indian stocks through a mutual fund

18. C) Foreign Direct Investment (FDI)

19. D) FPI does not provide ownership control over the enterprises

20. C) Foreign Direct Investment (FDI)

21. A) They interact very weakly with matter

22. C) Electrons, muons, and pions

23. C) South Pole, Antarctica

24. A) Photon

25. D) Detecting neutrinos

26. C) Scalable Instructable Multitask World Agent

27. C) By performing self-learning algorithms

28. A) Unity

29. D) Artificial Neural Networks

30. D) Breakthrough Prize

31. B) Funds that invest in companies around the world

32. D) Exposure to a wide range of global markets

33. D) Diversify their portfolio across various international markets

34. A) Currency fluctuations affecting returns

35. B) International Equity Funds invest solely in domestic stocks, while Global Equity Funds invest internationally

36. B) Actively selecting and monitoring investments to achieve the fund’s objectives

37. D) Currency exchange rates

38. C) It offers broader exposure to a variety of global stocks

39. D) Ownership shares in a company

40. C) Their performance can be volatile due to market fluctuations

41. C) 2024

42. D) Privacy and explicit consent for data processing

43. B) Supporting innovation and a light-touch approach to AI regulation

44. B) Indian Council of Medical Research

45. D) India, France, and 28 other nations along with the European Union

46. B) Enhanced transparency in trade deals

47. C) It boosts exports of textiles and leather goods

48. D) To explore opportunities with other key markets

49. B) Permanent seat at UNSC

50. B) Key market for Indian exporters seeking diversification