April CA AFC Flashcards
(240 cards)
In which city of Gujarat, Kutch Copper Limited, a subsidiary of Adani Enterprises Limited (AEL) has recently (in March’ 24) commissioned the first unit of its greenfield copper refinery project?
1) Ahmedabad
2) Surat
3) Vadodara
4) Jamnagar
5) Mundra
Answer- 5) Mundra
Explanation:
Kutch Copper Limited, a subsidiary of Adani Enterprises Limited (AEL) led by Gautam Adani, commissioned the first unit of its greenfield copper refinery project at Mundra, Gujarat, by dispatching the maiden batch of cathodes to customers.
i. Adani Enterprises invested nearly USD 1.2 billion to set up a 0.5 million tonnes per annum (MTPA) copper smelter in the first phase.
ii. The plant is set to achieve a full-scale capacity (1 MTPA) by Financial Year 2028-29 (FY29) (March 2029).
iii. 15% capital allocation for environmental protection.
Which Indian Institute of Technology (IIT), along with United Nations Children’s Fund (UNICEF) India and International Institute of Health Management Research (IIHMR) Delhi has recently (in March’ 24) launched ‘Digital Health Enterprise Planning Course’?
1) IIT Madras
2) IIT Delhi
3) IIT Kanpur
4) IIT Kharagpur
5) IIT Bombay
Answer-5) IIT Bombay
Explanation:
The United Nations Children’s Fund (UNICEF) India, International Institute of Health Management Research (IIHMR) Delhi, and the Indian Institute of Technology (IIT) Bombay (Mumbai, Maharashtra) have jointly launched, ‘Digital Health Enterprise Planning Course’, a comprehensive 10-week health course.
i. The course aims to enhance healthcare delivery by utilising digital technologies in line with the Sustainable Development Goals (SDGs) and the GIDH.
ii. The Startup Incubation and Innovation Centre (SIIC) at the IIT-Kanpur (Uttar Pradesh-UP), signed a Corporate Social Responsibility (CSR) agreement with Gliders India Limited, a Public Sector Undertaking (PSU), under the Ministry of Defence(MoD), to spearhead innovation in the healthcare sector.
As per the data released by Reserve Bank of India (RBI) in March 2024, the Net claims of non-residents on India declined by USD ________ during October-December 2023 to USD 370.4 billion as at end-December 2023.
1) 10.50 Billion
2) 11.10 Billion
3) 8.90 Billion
4) 12.2 Billion
5) 17.1 Billion
Answer-4) 12.2 Billion
Explanation:
As per the latest data released by Reserve Bank of India (RBI), India’s International Investment Position (IIP) as of December 2023 showed a decline in net claims of Non-Residents on India by USD12.2 billion during the period from October to December 2023 to USD 370.4 billion as the end of December 2023.
i. Main reason for the decline is the increase in reserve assets, surging by USD34.8 billion during Q3 FY24.
ii. As per RBI data, the ratio of India’s international financial assets to international financial liabilities increased from 70.9%, a quarter ago to 72.4% in December 2023.
In March 2024, GoI approved a simple reversionary bonus for the Postal Life Insurance (PLI) Scheme and Rural Postal Life Insurance (RPLI) Scheme for the fiscal year 2024-25 (FY25) without changing the bonus rate.
Under the Bonus Rate of PLI Scheme, the rate of bonus will be at __________ (amount) per thousand of sum assured For Whole Life Assurance (WLA/Suraksha).
1) Rs.76
2) Rs.90
3) Rs.81
4) Rs.95
5) Rs.99
Answer-1) Rs.76
Explanation:
The Government of India (GoI) has approved a simple reversionary bonus for the Postal Life Insurance (PLI) Scheme and Rural Postal Life Insurance (RPLI) Scheme for the fiscal year 2024-25 (FY25) without changing the bonus rate.
i. The rates of bonus for the FY25 will be applicable from 1st April 2024.
ii. Bonus Rate of PLI Scheme: For Whole Life Assurance (WLA/Suraksha), the rate of bonus will be at Rs.76 per thousand of sum assured.
iii. Bonus Rate of RPLI Scheme: The bonus rate for WLA will be Rs.60 per thousand of sum assured and for Endowment Assurance (EA) (including children policy) the rate is fixed at Rs.48 per thousand of sum assured. Click here to read more.
Name the company that has recently (in March’ 24) received 25 million Euro from OeEB – Oesterreichische Entwicklungsbank AG (Development Bank of Austria) to support its energy expansion plan.
1) Adani Green Energy Limited
2) Reliance Power Limited
3) Suzlon Energy Limited
4) JSW Energy Limited
5) AmpIn Energy Transition Private Limited
Answer-5) AmpIn Energy Transition Private Limited
Explanation:
AmpIn Energy Transition Private Limited received 25 million Euro investment from OeEB – Oesterreichische Entwicklungsbank AG (Development Bank of Austria) in a long term financing to support the energy expansion plans of AmpIn Energy. This will also support AmpIn to establish a local 1-Gigawatt(GW) solar cell and module production facility in Odisha.
i. AmpIn Energy aims to build a renewable energy portfolio of 10 GW by 2030
In March 2024, L&T Finance Holdings Ltd (LTFH) received approval from the Registrar of Companies (RoC) to be renamed as ____________.
1) L&T Capital Limited
2) L&T Capital Financial Services Limited
3) L&T Finance Corporation Limited
4) L&T Finance Limited
5) L&T Investment and Finance Company Limited
Answer-4) L&T Finance Limited
Explanation:
L&T Finance Holdings Ltd (LTFH), a subsidiary of Larsen & Toubro (L&T) Limited, has received approval from the Registrar of Companies (RoC) to change its name to “L&T Finance Limited(LTF)” with effect from 28th March 2024.
In December 2023, LTFH(now LTF) completed the merger of its subsidiaries, namely L&T Finance Ltd., L&T Infra Credit Ltd., and L&T Mutual Fund Trustee Ltd., with itself to create a “Single Lending Entity”.
Which country’s Satellite Communications Association, ABRASAT has recently (in March ‘24) signed an MoU with SatCom Industry Association of India (SIA-India) to boost advancement in the space sector?
1) France
2) Germany
3) Singapore
4) Saudi Arabia
5) Brazil
Answer-5) Brazil
Explanation:
The SatCom Industry Association of India (SIA-India) has signed a Memorandum of Understanding(MoU) with the Brazilian Association of Satellite Telecommunications Companies (ABRASAT -Associação Brasileira das Empresas de Telecomunicações por Satélite ) to boost advancement in the space sector.
i. The MoU aims to foster collaboration and drive innovative ventures and technological cooperation between India and Brazil.
In March 2024, A joint venture between the Rail Vikas Nigam Limited (RVNL) and Salasar Techno Engineering Limited (STEL) received a Rs 60 crore transmission project in ___________ (country).
1) Egypt
2) Rwanda
3) Nigeria
4) Angola
5) Brazil
Answer-2) Rwanda
Explanation:
A Joint Venture (JV) between the Rail Vikas Nigam Limited (RVNL) and Salasar Techno Engineering Limited (STEL), the private steel manufacturer, has bagged “Rwanda Transmission System Reinforcement and Last Mile Connectivity project (TSRLMC)”, a transmission project of Rwanda in Central Africa.
The project is valued at about Rs 60 crore (USD 7.152 million).
i. The order, secured from the Energy Development Corporation Limited (EDCL), is set to be executed by the STEL in 18 months.
RVNL owns 51% stake in the joint venture, while STEL owns the remaining 49%.
Name the Indian Badminton Player who has recently (in March’ 24) won the women’s singles title of the Orlen Polish Open 2024 in Poland.
1) Tanya Hemanth
2) Anupama Upadhyaya
3) Ashwini Ponnappa
4) Pragya Jaiswal
5) Jwala Gutta
Answer-2) Anupama Upadhyaya
Explanation:
India’s Anupama Upadhyaya defeats Tanya Hemanth (India) to win the women’s singles title of the Orlen Polish Open 2024, held from 20th to 24 March 2024 in Wilanow Sports Centre, Warsaw, Poland.
It was Anupama’s fifth international women’s singles title.
i. The Indian pair M.R. Arjun and Dhruv Kapila won the men’s doubles title by defeating Denmark’s William Kryger Boe and Christian Faust Kjær in the finals.
ii. Denmark’s Victor Ørding Kauffmann won the men’s singles title by defeating Jia Heng Jason Teh (Singapore) in the finals.
How many medals were recently (in March ‘24) won by India in the Youth World Boxing Cup 2024 held in Montenegro?
1) 28
2) 30
3) 26
4) 39
5) 47
Answer-3) 26
Explanation:
The Indian boxing contingent won 26 medals (5 gold, 9 silver, and 12 bronze) in the Youth World Boxing Cup 2024 (33rd Adriatic Pearl tournament) held at the Hotel Splendid Conference & Spa Resort in Budva, Montenegro, from 3rd to 11th March 2024.
i. Russia topped the medal tally with eight gold medals. India finished second with five gold medals, while Poland was in the third position with three gold medals.
ii. Chanchal Chaudhary won a gold medal in the Women’s Youth Light Fly (50kg) category by defeating Valeria Amparan of Mexico.
In April 2024, which state received Geographical Indication (GI) tags status for 19 traditional crafts including Sarthebari Metal Craft?
1) Assam
2) Tripura
3) Meghalaya
4) Nagaland
5) Mizoram
Answer-1) Assam
Explanation:
The Government of India’s (GoI) Geographical Indication Registry granted Geographical Indication (GI) tags to 19 traditional crafts of Assam, 2 from Tripura, and 4 from Meghalaya.
i. Apart from the Six GI tags, thirteen Assamese products associated with the Bodo people, the state’s largest indigenous population, have also been granted GI tags.
Sarthebari Metal Craft: Handmade bell metal utensils with socio-cultural and religious significance, part of ritual practices in Assam.
ii. Tripura’s Rignai Pachra textile, Tripureswari temple’s ‘Pera’ get GI tag.
iii. Meghalaya also secured 4 GI tags- Meghalaya Garo Dakmanda Textile, Meghalaya Lyrnai Pottery, Meghalaya Chubitchi (Rice Liquor) & Lakadong Turmeric. Click here to read more.
The Ministry of New and Renewable Energy (MNRE) has re-imposed ALMM [Approved List of Models & Manufacturers] for Solar Photovoltaic (PV) Modules with effect from ___________.
1) 1st May 2024
2) 1st April 2024
3) 1st June 2024
4) 1st July 2024
5) 1st August 2024
Answer-2) 1st April 2024
Explanation:
The Ministry of New and Renewable Energy (MNRE) has re-imposed ALMM [Approved List of Models & Manufacturers] for Solar Photovoltaic (PV) Modules with effect from 1st April 2024.
i. ALMM enlistment is subjected to valid Bureau of Indian Standards(BIS) registration.
ii. ALMM will apply to government-supported schemes and projects from where electricity discoms procure electricity.
iii. The schemes include the Pradhan Mantri Kisan Urja Suraksha Evam Utthan Mahabhiyan (PM-KUSUM) Scheme and the PM Surya Ghar Muft Bijli Yojana.
Name the company that has recently (in March ‘24) signed a MoU with National Power Training Institute (NPTI) to establish a Centre of Excellence (CoE) for Research & Development (R&D) in the Energy Domain.
1) SJVN Limited
2) THDC India Limited
3) NEEPCO Limited
4) NHPC Limited
5) PTC India Limited
Answer-5) PTC India Limited
Explanation:
On 28th March 2024, the National Power Training Institute (NPTI), under the Ministry of Power and PTC India Ltd. Signed a Memorandum of Understanding (MoU) to establish a Centre of Excellence (CoE) for Research & Development (R&D) in the Energy Domain.
i. The collaboration aims to address pressing challenges in the energy domain while aligning with Sustainable Development Goals (SDGs).
Which company has recently (in March ‘24) signed a contract with the Hindustan Aeronautics Limited to supply 6 sets of LM2500 gas turbines (GT) & GT Auxiliaries (GTAE), tools for Indian Navy’s Next Generation Missile Vessel (NGMV) project?
1) Hindustan Shipyard Limited
2) Cochin Shipyard Limited
3) Garden Reach Shipbuilders & Engineers
4) Goa Shipyard Limited
5) Mazagon Dock Shipbuilders Limited
Answer-2) Cochin Shipyard Limited
Explanation:
Hindustan Aeronautics Limited (HAL) has signed a contract worth Rs 1,173 .42 crore with Cochin Shipyard Limited (CSL), Kochi(Kerala), to supply 6 sets of LM2500 gas turbines (GT) and GT Auxiliaries (GTAE), spares, tools for Indian Navy’s Next Generation Missile Vessel (NGMV) project.
i. The domestic contract will be slated for execution between FY26 to FY29.
Name the programme that has recently (in March ‘24) launched by Indian Space Research Organisation (ISRO) to encourage youngsters to choose the field of space science and technology.
1) YUVIKA 2024
2) BAL SCIENTIST 2024
3) START 2024
4) YOUNGSTER 2024
5) UGPG 2024
Answer- 3) START 2024
Explanation:
Indian Space Research Organisation (ISRO) has launched ‘Space Science and Technology Awareness Training (START)’, a new introductory-level online training programme to encourage youngsters to choose the field of space science and technology.
i. The START 2024 programme will be conducted during April and May 2024.
The programme targets students doing postgraduate (PG) and final year undergraduate courses in physical science and technology.
Which regulatory body has recently (in March ‘24) announced a plan to establish a Digital India Trust Agency (DIGITA) to combat the proliferation of illegal lending apps?
1) Telecom Regulatory Authority of India
2) Small Industries Development Bank of India
3) Securities and Exchange Board of India
4) Reserve Bank of India
5) Insurance Regulatory and Development Authority
Answer-4) Reserve Bank of India
Explanation:
The Reserve Bank of India (RBI) will establish a Digital India Trust Agency (DIGITA) to combat the proliferation of illegal lending apps.
i. The RBI has provided a list of 442 digital lending apps to Google for whitelisting, over 2,200 apps were removed from the PlayStore.
ii. Google now enforces a policy allowing only RBI-regulated entities (REs) or their partners to publish apps on the PlayStore.
The Insurance Regulatory and Development Authority of India (IRDAI) announced final rules on surrender value for traditional endowment policies effective from April 1, 2024.
The surrender value is expected to remain the same or lower if policies are surrendered within the initial ___________ years
1) 2
2) 3
3) 1
4) 4
5) 5
Answer-2) 3
Explanation:
The Insurance Regulatory and Development Authority of India (IRDAI) announced final rules on surrender value for traditional endowment policies effective from April 1, 2024.
i. The surrender value is expected to remain the same or lower if policies are surrendered within the initial 3 years. Click here to read more.
As of March 2024, which company has emerged as the top-performing large cap on the Nifty50 in the Financial year 2023-24 (FY24)?
1) Tata Motors
2) Coal India Limited
3) Zomato
4) Uber
5) Bajaj Auto
Answer- 5) Bajaj Auto
Explanation:
Indian financial markets finished the Financial year 2023-24 (FY24) on a positive note with domestic equity indices: Nifty50 and Sensex achieving their most robust performance in three fiscal years.
i. Bajaj Auto, Tata Motors and Coal India Limited emerged as the Top 3 Index Performers in FY24.
ii. Bajaj Group emerged as the top-performing large cap on the Nifty50 in FY24. It shows an exceptional return of 142.52% on investments made over the last 12 months. Its market cap surged by 120% which amounts to Rs 2,54,000 crore as of 1st April, 2024. Click here to read more.
Which of the following points is/are “correct” with respect to the Hockey India 6th Annual Awards 2023 held at New Delhi, Delhi in March 2024?
A) Indian Field Hockey Player & Vice- captain of the Indian Hockey men’s team, Hardik Singh was honoured with the Hockey India Balbir Singh Senior award for Player of the Year 2023 (Men)
B)Indian field hockey player Salima Tete was honoured with the Hockeyg India Balbir Singh Senior award for the Player of the year 2023 ( women).
C) Ashok Kumar won the prestigious Hockey India Major Dhyan Chand Lifetime Achievement Award for the Year 2023.
1) All A, B & C
2) Only A & B
3) Only B & C
4) Only A & C
5) Only A
Answer-1) All A, B & C
Explanation:
Indian Field Hockey Player & Vice- captain of the Indian Hockey men’s team, Hardik Singh was honored with the Hockey India Balbir Singh Senior award for Player of the Year 2023 (Men) at the Hockey India 6th Annual Awards 2023 event held in New Delhi, Delhi.
i. Indian field hockey player Salima Tete was honoured with the Hockeyg India Balbir Singh Senior award for the Player of the year 2023 ( women).
The Balbir Singh Senior award for Player of the year (both men and women) carries a cash prize of Rs 25,00,000.
ii. Ashok Kumar won the prestigious Hockey India Major Dhyan Chand Lifetime Achievement Award for the Year 2023, with a cash prize of Rs 30 Lakh and a trophy. Click here to read more.
When was the International Transgender Day of Visibility (TDOV) 2024 observed across the globe?
1) 30th March 2024
2) 31st March 2024
3) 28th March 2024
4) 27th March 2024
5) 26th March 2024
Answer-2) 31st March 2024
Explanation:
International Transgender Day of Visibility (TDOV) 2024 observed across the globe on 31 March 2024 to celebrate transgender, nonbinary, and gender expansive/gender non-conforming individuals and the contributions of trans people and the nonbinary community.
i. The Day aims to draw attention toward eliminating poverty, violence, and discrimination based on gender identity faced by the community.
ii. The Transgender Pride Flag was created by American trans woman Monica Helms in 1999. Click here to read more.
According to the data released by the Ministry of Defence (MoD) in April 2024, the Indian defence sector has recorded the highest ever defence exports of _________ crore in FY (2023-2024).
1) Rs. 21,083
2) Rs. 20,066
3) Rs. 19,094
4) Rs. 23,053
5) Rs. 22,097
Answer-1) Rs. 21,083
Explanation:
As per the data released by the Ministry of Defence (MoD), the Indian defence sector has recorded the highest ever defence exports of Rs. 21,083 crore i.e. approximately USD2.63 billion in FY (2023-2024).
i. The data shows a growth of 32.5% compared to last fiscal (FY 2022-2023), when defence export was recorded Rs15,920 crore.
ii. The latest figures indicate that the defence exports have grown by 31 times in the last decade over the FY 2013-2014.
In which state, the Indian Air Force (IAF) has recently (in April ‘24) launched ‘Gagan Shakti-2024’, a 10-day war exercise?
1) Gujarat
2) Maharashtra
3) Rajasthan
4) Arunachal Pradesh
5) Uttarakhand
Answer-3) Rajasthan
Explanation:
The Indian Air Force (IAF) has launched a 10-day war exercise named ‘Gagan Shakti-2024’ from April 1 to April 10, 2024, to display its prowess in executing high-intensity operations across India.
i. The Pokhran Field Firing Range in Jaisalmer, Rajasthan; Bhuj in Gujarat; Ladakh, Arunachal Pradesh; and other locations nationwide will host the exercise.
ii. Fighter planes and helicopters will engage pseudo targets at Pokhran Field Firing Ranges.
iii. The Indian Army is providing logistical support, including passenger trains named Sanyukta Express.
Which company has recently (in April ‘24) signed a multi-year deal worth USD 100 million with an Airbus Atlantic group entity to supply 2300 varieties of metallic components?
1) Tata Advanced Systems Limited
2) Hindustan Aeronautics Limited
3) BrahMos Aerospace Private Limited
4) Lockheed Martin India Private Limited
5) Mahindra Aerostructures Private Limited
Answer-5) Mahindra Aerostructures Private Limited
Explanation:
Mahindra Aerostructures Private Limited (MASPL) has signed a multi-year deal worth USD 100 million with an Airbus Atlantic group entity.
i. As per the deal, Mahindra Aerostructures will supply nearly 2300 varieties of metallic components to Airbus Atlantic in France from its manufacturing unit in India.
ii. MASPL will manufacture and deliver metallic components and small assemblies for the entire Airbus commercial aircraft family, including the A320 series.
As of April 2024, the Indian government has raised Rs. ___________in 2023-24 by selling its stakes in about 10 state-run companies.
1) Rs. 16,500 crores
2) Rs. 20,800 crores
3) Rs. 25,879 crores
4) Rs. 18,987 crores
5) Rs. 33,808 crores
Answer-1) Rs. 16,500 crores
Explanation:
In the fiscal year 2023-24, the Indian government has raised Rs. 16,500 crores through stake sales in about 10 state-run companies. This amount however fell short by about 9% compared to the internal target of Rs 18,000 crore.
i. Despite lower stake sale receipts, the government received higher dividends from state-run companies, totaling about Rs 63,000 crore in 2023/24, surpassing the target of Rs. 50,000 crore.