March 05, 2024 Current Affairs

1. Where is India's first indigenous Prototype Fast Breeder Reactor located?

A.    Kalpakkam

B.    Narora

C.   Kudankulam

D.   Rajasthan

Answer: Option A

Explanation:

India's first indigenous Prototype Fast Breeder Reactor is situated in the idyllic town of Kalpakkam, Tamil Nadu. This groundbreaking project represents a significant milestone in India's pursuit of clean and efficient energy sources. The PFBR's near completion and recent accomplishments highlight India's commitment to self-reliance and innovation in the nuclear energy sector. As the nation progresses towards a sustainable future, the PFBR stands as a shining beacon of hope, promising a cleaner and brighter tomorrow.

2. How many new moons have been discovered orbiting Uranus and Neptune?

A.    Two

B.    Three

C.   Five

D.   Seven

Answer: Option B

Explanation:

The discoveries of new moons orbiting Uranus and Neptune have expanded our understanding of the outer realms of our solar system. With three new moons added to Uranus' count and Neptune unveiling its own trio of celestial companions, the allure and complexity of these distant planets continue to enthrall us. These discoveries remind us of the infinite beauty and vastness that lie beyond our home planet, inspiring us to further explore the wonders of our universe.

3. Which organization celebrated its 174th Foundation Day on March 4th, 2024?

A.    Geological Survey of India

B.    Archaeological Survey of India

C.   National Institute of Oceanography

D.   Indian Council of Agricultural Research

Answer: Option A

Explanation:

The Geological Survey of India's 174th Foundation Day marked a significant milestone in the organization's illustrious journey. From its humble beginnings in 1851, the GSI has emerged as a leading institution in the field of geological exploration and mapping. Its contributions have been instrumental in shaping India's scientific progress, resource management, and sustainable development. As we celebrate this historic occasion, let us recognize the invaluable role played by the Geological Survey of India in unraveling the mysteries of India's geological heritage.

4. Which city's Silver Filigree has recently been awarded the Geographical Indication (GI) tag?

A.    Kolkata

B.    Jaipur

C.   Varanasi

D.   Cuttack

Answer: Option D

Explanation:

Cuttack's Silver Filigree, now adorned with the prestigious GI tag, stands as a testament to the city's rich cultural heritage and artistic legacy. The intricate designs, skilled craftsmanship, and historical significance make it a treasure worth cherishing. The GI tag not only safeguards this traditional art form but also paves the way for its continued growth and recognition on a global scale. Let us celebrate Cuttack's Silver Filigree and support the artisans who keep this enchanting craft alive for generations to come.

5. Under which section of the Banking Regulation Act was the merger of Fincare Small Finance Bank with AU Small Finance Bank approved by the Reserve Bank of India?

A.    Section 22

B.    Section 33

C.   Section 44A

D.   Section 55

Answer: Option C

Explanation:

The merger of Fincare Small Finance Bank with AU Small Finance Bank was approved by the Reserve Bank of India under Section 44A of the Banking Regulation Act, 1949. This merger not only signifies the dynamism of the banking industry but also highlights the regulatory framework that ensures the stability and growth of the sector. By exercising its authority under Section 44A, the RBI ensures that such mergers comply with regulatory standards and safeguard the interests of stakeholders. The Fincare Small Finance Bank and AU Small Finance Bank merger stands as a testament to the evolving landscape of the banking sector.

6. On which date is Dissociative Identity Disorder Awareness Day observed?

A.    March 5

B.    March 15

C.   April 5

D.   April 15

Answer: Option A

Explanation:

Dissociative Identity Disorder Awareness Day, observed on March 5th, serves as a vital platform to raise awareness about DID, combat stigma, and foster compassion and support for individuals facing this complex mental health condition. By coming together and sharing knowledge, we can create a more inclusive and empathetic society.

7. In which city was India's first Green Hydrogen Plant in the Stainless Steel Sector inaugurated?

A.    Jajpur

B.    Nagpur

C.   Hisar

D.   Raigarh

Answer: Option C

Explanation:

The inauguration of India's first Green Hydrogen Plant in the Stainless Steel Sector at Jindal Stainless Limited in Hisar symbolizes a new era of sustainable energy in the country. This remarkable achievement demonstrates India's commitment to embracing renewable energy sources and reducing carbon emissions. As the stainless steel industry takes this pioneering step, it paves the way for other sectors to follow suit and contribute to a greener future for India and the world.

8. Which group does the "MYUVA Scheme" launched by CM Yogi Adityanath in Uttar Pradesh aim to support?

A.    Farmers

B.    Young Entrepreneurs

C.   Women Entrepreneurs

D.   Senior Citizens

Answer: Option B

Explanation:

The "MYUVA Scheme" launched by CM Yogi Adityanath in Uttar Pradesh is a commendable initiative that aims to support and empower young entrepreneurs. By providing interest-free loans and fostering an ecosystem conducive to entrepreneurship, the scheme opens doors for aspiring individuals to transform their innovative ideas into successful business ventures. As the MYUVA Scheme continues to thrive, it will undoubtedly contribute to the overall economic growth and development of Uttar Pradesh, creating a vibrant entrepreneurial landscape for the youth of the state.

9. What platform allows individuals to report suspected fraudulent communication in India?

A.    CyberGuard

B.    FraudAl

C.   Chakshu

D.   Scamkaram

Answer: Option C

Explanation:

Chakshu stands as a powerful weapon against fraudulent communication in India. By empowering individuals, promoting collaboration, and making a substantial impact, this platform has become an essential tool in the fight against cybercrime and financial fraud. With Chakshu, citizens can actively contribute to creating a safer digital environment, fostering peace and security in the community.

10. What is the name of the scheme launched by Rajnath Singh at DefConnect 2024 to foster innovation in defence technology?

A.    INNOVATE

B.    ADITI

C.   DEFEND

D.   TECHBOOST

Answer: Option B

Explanation:

The ADITI scheme emerges as a beacon of hope and progress in the realm of defence technology. By nurturing innovation, providing grants, and fostering collaborations, it sets the stage for a transformative journey towards self-reliance and strategic excellence. With ADITI leading the way, India's defence sector is poised to embrace a future defined by cutting-edge technologies and indigenous solutions.

11. What is Moody’s upgraded GDP growth forecast for India in 2024?

A.    6.5%

B.    6.2%

C.   6.6%

D.   6.8%

Answer: Option D

Explanation:

Moody's upgraded GDP growth forecast for India in 2024 reflects the country's strong economic potential. With a projected growth rate of "6.8%", India's status as the fastest-growing economy among G20 nations, stable inflation rates, and policy continuity, the future looks promising for India's economic development.

12. When was the inaugural International Day for Disarmament and Non-Proliferation Awareness observed?

A.    March 5

B.    December 7

C.   March 7

D.   December 5

Answer: Option A

Explanation:

The inaugural celebration of the International Day for Disarmament and Non-Proliferation Awareness on March 5, 2023, marked a significant milestone in our collective commitment to global peace and security. This day serves as a reminder of the pressing need for disarmament efforts and the importance of raising public awareness, especially among the youth. By engaging individuals, communities, and organizations, we can work towards a world free from the threat of weapons of mass destruction, fostering a safer and more peaceful future for all.

13. Which financial institution has been banned by the RBI from giving gold loans?

A.    Aditya Birla Capital

B.    Muthoot Finance

C.   Manappuram Finance

D.   IIFL Finance

Answer: Option D

Explanation:

The RBI's decision to ban IIFL Finance from providing gold loans highlights the significance of regulatory compliance and the consequences of non-compliance. It serves as a wake-up call not only for IIFL Finance but for the entire gold loan market. The incident emphasizes the importance of conducting due diligence, adhering to established guidelines, and implementing robust internal controls. As IIFL Finance works towards rectifying the supervisory concerns, the industry as a whole must take this opportunity to reinforce compliance measures and ensure the integrity of the gold loan market.

14. Which institution is hosting the All India Research Scholars’ Summit (AIRSS) 2024?

A.    IIT Delhi

B.    IIT Bombay

C.   IIT Madras

D.   IIT Kharagpur

Answer: Option C

Explanation:

The All India Research Scholars’ Summit (AIRSS) 2024, hosted by IIT Madras, is set to be a remarkable event that brings together the brightest minds from across India. With its focus on interdisciplinary collaboration, knowledge sharing, and innovation, this summit serves as a catalyst for groundbreaking research and academic growth. Researchers attending AIRSS 2024 can look forward to a rewarding experience filled with inspiring presentations, engaging discussions, and valuable connections.

15. What is the main objective of the BIMSTEC Faculties Exchange Programme in Dhaka?

A.    Foster regional cooperation

B.    Boost Mutual Cooperation

C.   Enhance individual country's diplomatic skills

D.   Facilitate economic development

Answer: Option B

Explanation:

The BIMSTEC Faculties Exchange Programme in Dhaka plays a vital role in boosting mutual cooperation among member countries. By fostering dialogue, enhancing diplomatic skills, and facilitating economic development, this program contributes to the overall regional integration and prosperity of the BIMSTEC region. Through collaborative efforts and continued participation, diplomats can drive positive change and strengthen the bonds of friendship and cooperation within the BIMSTEC community.