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April 1, 2024 Current Affairs

1. What percentage of stake does HDFC Bank plan to divest in HDFC Education and Development Services?

A.    50%

B.    75%

C.   100%

D.   25%

Answer: Option C


HDFC Bank's decision to divest its stake in HDFC Education and Development Services marks an important milestone in the evolution of both the bank and the education sector. By ensuring transparency and regulatory compliance, the bank sets a precedent for fair and open investment practices. This divestment also opens up new avenues for HDFC Education and Development Services to chart its own course and redefine its future. As the education sector continues to witness transformation, this strategic move by HDFC Bank paves the way for exciting possibilities and growth.



2. How many new sites from Madhya Pradesh were included in the Tentative UNESCO list of World Heritage Sites (WHS)?

A.    Two

B.    Four

C.   Five

D.   Six

Answer: Option D


Madhya Pradesh has once again proven its worth as a custodian of invaluable heritage. The addition of these six new sites to the Tentative UNESCO list of World Heritage Sites (WHS) is a moment of pride for the state and its people. As we celebrate this remarkable achievement, let us also remember the responsibility we bear in safeguarding these treasures for future generations to cherish and appreciate.



3. Which institution in India is celebrating its 90th year on April 1st, 2024?

A.    World Bank

B.    Reserve Bank of India

C.   International Monetary Fund

D.   Asian Development Bank

Answer: Option B


As the Reserve Bank of India celebrates its 90th year on April 1st, 2024, it is an opportune moment to reflect on its remarkable journey and contributions to India's financial landscape. From its inception as a central banking institution to its evolving roles in financial regulation, foreign exchange management, and developmental functions, the RBI has remained a pillar of stability and progress. As we look ahead, we can be confident that the Reserve Bank of India will continue to play a pivotal role in shaping India's economic future.



4. Which Indian state celebrates Utkal Diwas annually on April 1st?

A.    Odisha

B.    Bihar

C.   Karnataka

D.   Tamil Nadu

Answer: Option A


Utkal Diwas is a time to honor and celebrate the unique cultural heritage of Odisha. It serves as a reminder of the state's historical journey and its contributions to art, culture, and traditions. This annual celebration brings together the people of Odisha, fostering a sense of unity, pride, and love for their roots. Utkal Diwas is not just a date on the calendar; it is a celebration of Odisha's vibrant spirit and its enduring legacy.



5. Which regulatory body launched the "T+0 settlement" beta version on an optional basis?

A.    Reserve Bank of India

B.    Securities and Exchange Board of India

C.   Insurance Regulatory and Development Authority of India

D.   Competition Commission of India

Answer: Option B


The launch of the T+0 settlement beta version by SEBI marks a significant step towards enhancing market efficiency and reducing transactional risks in India's capital markets. With its potential to expedite settlement, attract more participants, and increase liquidity, T+0 settlement has the power to transform the landscape of trading in India. As market participants adapt to this innovative mechanism, it is crucial to embrace the opportunities it presents while addressing the challenges it entails. SEBI's forward-thinking approach sets the stage for a more dynamic and efficient market ecosystem.



6. Who has been honoured with the 'International Culture Award' for the year 2024?

A.    Meena Charanda

B.    Rajesh Kumar

C.   Pooja Sharma

D.   Sunil Verma

Answer: Option A


Professor Meena Charanda's remarkable journey and extraordinary achievements have rightly earned her the 'International Culture Award' for the year 2024. Her unwavering commitment to education, impactful social service, and groundbreaking research in political science make her a true inspiration for aspiring scholars and change-makers around the world. We celebrate her accomplishments and eagerly anticipate the continued positive influence she will have on society.



7. By how much did India's foreign exchange reserves increase during the week ending March 22nd?

A.    $347 million

B.    $140 million

C.   $220 million

D.   $310 million

Answer: Option B


India's foreign exchange reserves experienced a significant boost, soaring to an all-time high of $642.631 billion during the week ending March 22nd. The correct answer to the initial question is Option B - $140 million. This remarkable achievement highlights India's economic stability, financial resilience, and its promising growth prospects. With a solid foundation and proactive measures, India continues to pave the way for a prosperous future.



8. Where was India’s first small-scale liquefied natural gas (SSLNG) unit inaugurated by the Union Minister for Petroleum and Natural Gas?

A.    Gujarat

B.    Rajasthan

C.   Madhya Pradesh

D.   Maharashtra

Answer: Option C


The inauguration of India's first small-scale liquefied natural gas (SSLNG) unit at GAIL's Vijaipur complex marks a momentous occasion in the country's energy landscape. This development not only promotes the usage of natural gas but also amplifies India's commitment to sustainable and cleaner energy sources. As SSLNG gains traction, it holds immense potential to revolutionize the energy sector and contribute to India's economic growth. With visionary initiatives like these, India is taking significant strides towards a greener and more prosperous future.



9. Which state's traditional items, Matabari Pera and Pachra, have been honoured with the Geographical Indication (GI) tag?

A.    Tripura

B.    Assam

C.   Manipur

D.   Meghalaya

Answer: Option A


The Geographical Indication (GI) tag bestowed upon Tripura's traditional items, Matabari Pera and Pachra, is a testament to the rich cultural heritage and artistic prowess of the state. This recognition not only preserves and promotes traditional craftsmanship but also empowers local artisans and weavers. As we celebrate this remarkable achievement, let us appreciate the beauty, elegance, and cultural significance of Matabari Pera and Pachra, ensuring their legacy continues to thrive for generations to come.



10. Who has been elected as the new Chairman of the Automotive Tyre Manufacturers’ Association (ATMA)?

A.    Vithya Narayanan

B.    Rajesh Kumar

C.   Arnab Banerjee

D.   Raju Singh

Answer: Option C


The election of Arnab Banerjee as the Chairman of ATMA marks a new era for the automotive tyre sector in India. His expertise, vision, and commitment to excellence position him as a transformative leader for the industry. As ATMA embarks on this exciting journey, we can anticipate significant advancements, collaborations, and growth in the automotive tyre sector.



11. Which mutual fund acquired a 3% stake in Savita Oil Technologies through a block deal?

A.    SBI Mutual Fund

B.    HDFC Mutual Fund

C.   ICICI Prudential Mutual Fund

D.   Axis Mutual Fund

Answer: Option A


SBI Mutual Fund's acquisition of a 3% stake in Savita Oil Technologies through a block deal marks a significant milestone in the investment realm. This move showcases SBI Mutual Fund's strategic approach and its confidence in the growth prospects of Savita Oil Technologies. As the market eagerly watches the implications unfold, this transaction serves as a reminder of the dynamic nature of the mutual fund industry and its ability to drive substantial market movements.



12. Which country was chosen to chair the UN Commission on the Status of Women despite criticism for its record on women's rights?

A.    Bangladesh

B.    Pakistan

C.   Iran

D.   Saudi Arabia

Answer: Option D


The appointment of Saudi Arabia as the chair of the UN Commission on the Status of Women has ignited a heated debate on women's rights. While some see it as an opportunity for the kingdom to demonstrate its commitment to change, others view it as a disconcerting move that undermines the credibility of the CSW. Only time will tell how this appointment will impact the advancement of women's rights globally.



13. When does India celebrate National Maritime Week?

A.    April 1 to April 7

B.    March 29 to April 5

C.   May 15 to May 22

D.   June 5 to June 12

Answer: Option B


National Maritime Week in India, celebrated from March 29 to April 5 annually, is a time to honor the contributions of seafarers and commemorate pivotal events in India's maritime history. It serves as a reminder of the nation's deep-rooted connection to the seas and the enduring impact of maritime activities on its growth and development. By observing this week, India pays homage to its seafaring heritage, promotes maritime awareness, and reaffirms its commitment to fostering a vibrant and prosperous maritime future.



14. Who has been appointed as the new President of the Jawaharlal Nehru University Teachers Association (JNUTA)?

A.    Meenakshi Sundriyal

B.    Pradeep K Shinde

C.   Syed Akhtar Husain

D.   Moushumi Basu

Answer: Option D


Moushumi Basu's appointment as the new President of JNUTA marks an important chapter for the association and the Jawaharlal Nehru University community as a whole. With her extensive experience and dedication, she is poised to lead the faculty members towards a brighter future. We look forward to witnessing the positive changes she will bring and the impact she will make during her tenure.



15. Cumbum valley, recently seen in news, is located in which state?

A. Tamil Nadu

B. Karnataka

C. Maharashtra

D. Kerala

Answer: Option A

Explanation:Cumbum Valley, known as the “Grapes City of South India,” is known for Panneer Thratchai grapes, comprising 85% of India’s production. Introduced in 1832 by a French priest, these grapes thrive year-round, unlike elsewhere. Recognized for its rapid growth and early maturity, it earned a Geographical Indication tag in 2023. Cumbum Valley’s grapes, rich in nutrients, are used for wine, spirits, and more. Its location in Tamil Nadu’s Western Ghats adds to its allure.



16. Gagan Shakti 2024 exercise, recently conducted by Indian Air Force at which place?

A. Jaipur

B. Pokhran

C. Jodhpur

D. Ajmer

Answer: Option B

Explanation:The Indian Air Force (IAF) is set to conduct ‘Gagan Shakti-2024’, the nation’s largest air military exercise, involving all Air Force stations. Held every five years, it will commence on April 1, 2024, at Pokhran’s field firing range. Approximately 10,000 airmen will participate, with maneuvers spanning the Western and Northern fronts. The Indian Army is aiding logistical support, ensuring synergy across sectors for operational rail mobilization.



17. Recently, which institute hosted the International Chess Federation (FIDE) rated chess tournament?

A. IIT Madras

B. IIT Kanpur

C. IIT Delhi

D. IIT Hyderabad

Answer: Option A

Explanation:IIT Madras hosts the 6th Shaastra Rapid FIDE Rated Chess Tournament from March 30 to 31, 2024, in Chennai. It’s the sole IIT in India to conduct an annual Open Rapid Rating Tournament. Over 35 players from IIT Madras join, alongside international players from countries like Australia, England, America, and Singapore. Notable participants include six grandmasters, sixteen International Masters, three female grandmasters, and a Woman International Master.

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