Daily Current Affairs April 02

Dear Champions, as you all know that a lot of competitive exams have been notified consequently. Candidates have to prepare themselves according to the level of competition and expectation of the Recruitment board. Regarding that one of the most important topic is Daily Current Affairs April 02. Current Affairs in the form of contemporary events of national & international play a crucial role in almost every competitive exams like Banking, Insurance, SSC, UPSC, TNPSC, Railway etc.

Current affairs are the most dynamic yet scoring among all sections and need to be prepared from the right source. Here, we cafunsta team, providing  Daily GK Updates, Current Affairs Questions, and Monthly  current affairs pdf.

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April 02 | Daily Current Affairs 2024

Important Days – Daily Current Affairs April 02

1. What is the theme of World Autism Awareness Day 2024?
A) Enhancing Autistic Integration
B) Autism: Understanding and Acceptance
C) Empowering Autistic Voices
D) Autism and the Environment
E) Support Through Awareness
Answer: C) Empowering Autistic Voices

Explanation:

• Event: The celebration of World Autism Awareness Day.
• Date: April 2, 2024.
• Theme: ‘Empowering Autistic Voices’.
• Objective: To spread awareness about autism and to enhance efforts in educating, empowering, and supporting people with this condition.

Mandates and Objectives:

• Raising Awareness: The day aims at spreading awareness about the autistic spectrum disorder, a group of developmental disabilities.
• Education and Support: It focuses on educating, empowering, and supporting individuals with autism, encouraging a meaningful life and successful careers.
• Increasing Prevalence: Highlighting the rise in autism cases worldwide, partly due to increased awareness and factors like air pollution, low birth weight, and stress.
• Prevalence in India: A study published in the Indian Journal of Paediatrics estimates the prevalence of Autism in India is around 1 in 68 children, with boys more commonly affected than girls.
• Autism Causes: Autism is caused by a combination of genetic and environmental factors, with symptoms including difficulty in communication, social interactions, obsessive interests, and repetitive behaviours.

Important Terms Explained:

• Autistic Spectrum Disorder: A group of developmental disabilities affecting how individuals behave, communicate, interact, and learn, differently from most other children.
• CDC (Centers for Disease Control and Prevention): A national public health institute in the United States, involved in tracking and researching public health trends and providing information on various health conditions, including autism.

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Sports – Daily Current Affairs April 02

2. How many weeks has Novak Djokovic spent as World No.1 in the ATP rankings as of the start of his record-extending week?
A) 419 weeks
B) 310 weeks
C) 400 weeks
D) 321 days
E) 109 weeks
Answer: A) 419 weeks

Explanation:

• Event: Novak Djokovic extending his record as World No.1 in the ATP rankings.
• Significant Achievement: Beginning week 419 as World No.1.
• Historical Context: Djokovic becomes the oldest World No.1 in ATP Rankings history, surpassing Roger Federer’s record, at the age of 36 years and 321 days.

Mandates and Objectives:

• Record-Breaking Longevity: Demonstrating Djokovic’s exceptional longevity at the pinnacle of tennis.
• Professionalism and Preparation: Highlighting his commitment to training, recovery, yoga, meditation, and a healthy diet as key components of his sustained success.
• Inspirational Competitiveness: Discussing how Djokovic’s competition with younger players, including Carlos Alcaraz, has driven him to maintain his high level of play.

Important Terms Explained:

• ATP (Association of Tennis Professionals): The governing body of the men’s professional tennis circuits – the ATP Tour, the ATP Challenger Tour, and the ATP Champions Tour.
• Grand Slam Titles: The most prestigious tournaments in tennis, comprising the Australian Open, French Open, Wimbledon, and US Open.
• ATP Masters 1000: A series of nine tennis tournaments that rank below the Grand Slam in terms of prestige and points awarded.

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Banking and Finance – Daily Current Affairs April 02

3. What was the total value of UPI transactions processed in FY24?
A) ₹199.29 lakh crore
B) ₹139 lakh crore
C) ₹18.41 lakh crore
D) ₹19.78 lakh crore
E) ₹199 lakh crore
Answer: A) ₹199.29 lakh crore

Explanation:

• Event: Unified Payments Interface (UPI) transactions for the financial year 2024.
• Significant Figures: Transactions worth ₹199.29 lakh crore processed in FY24.
• Monthly Peak: March 2024 saw transactions worth ₹19.78 lakh crore, setting a new monthly record.
• Comparison with Previous Fiscal Year: The volume and value of transactions increased significantly from FY23 to FY24.

Mandates and Objectives:

• Digital Transactions Growth: Demonstrating the increasing adoption and trust in digital transactions within India.
• UPI’s Role: Highlighting UPI’s critical role in facilitating digital transactions and its dominance in the retail digital payments landscape.
• Yearly Growth: Showcasing the year-on-year growth in both the volume and value of UPI transactions.

Important Terms Explained:

• Unified Payments Interface (UPI): A real-time payment system developed by the National Payments Corporation of India (NPCI) that facilitates inter-bank transactions through a mobile platform.
• NPCI (National Payments Corporation of India): An umbrella organization for all retail payments in India, established with the support and guidance of the Reserve Bank of India and the Indian Banks’ Association (IBA).
• PwC India: PricewaterhouseCoopers is a multinational professional services network of firms, operating in India as part of its global network, providing consulting and advisory services.

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Acquisitions and Mergers – Daily Current Affairs April 02

4. How many equity shares of Max Life Insurance Company Limited will Axis Bank Limited subscribe to, as approved by the CCI The deal, valued at ₹1,612 crore?
A) 14,25,79,161
B) 1,425
C) 14,257
D) 1,42,579
E) 14,257,916
Answer: A) 14,25,79,161

Explanation:

• Event: The Competition Commission of India (CCI) approving Axis Bank Limited’s subscription to equity shares of Max Life Insurance Company Limited.
• Shares Subscribed: Axis Bank will subscribe to 14,25,79,161 equity shares of Max Life Insurance.
• Axis Bank: An Indian private sector bank engaged in retail banking, wholesale banking, payment solutions, wealth management, forex and remittance products, and distribution of mutual fund schemes and insurance policies.
• Max Life Insurance: A company engaged in providing life insurance, annuity products, and investment plans in India.

Mandates and Objectives:

• Financial Sector Growth: This approval signifies the strengthening of the relationship between banking and insurance sectors, aiming to enhance financial services in India.
• Expansion of Services: Axis Bank’s investment in Max Life Insurance is indicative of its strategy to expand its services in the insurance domain.

Important Terms Explained:

• CCI (Competition Commission of India): A statutory body responsible for enforcing the Competition Act, 2002 throughout India and preventing activities that have an adverse effect on competition in the market.
• Equity Shares: Shares that represent ownership in a company, providing shareholders with a claim to part of the company’s profits in the form of dividends.

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5. What will be the combined customer base of AU SFB after its merger with Fincare SFB?
A) Over 59 lakh
B) Over 1 crore
C) 43,500
D) Over 2,350
E) Over 100
Answer: B) Over 1 crore

Explanation:

• Event: The completion of the acquisition of Fincare Small Finance Bank by AU Small Finance Bank, effective April 1.
• Objective: To establish a robust pan-India retail banking franchise with diverse customer segments, a wider product offering, and enhanced digital capabilities.
• Integration Period: The integration of both entities is expected to take 9-12 months.

Mandates and Objectives:

• Seamless Integration: Focus on ensuring a smooth and seamless integration to deliver exceptional banking services and value to customers.
• Leadership Roles: Rajeev Yadav, former MD and CEO of Fincare SFB, appointed as Deputy CEO of AU SFB. Uttam Tibrewal, Executive Director at AU SFB, elevated as Deputy CEO.
• Customer Base Expansion: Post-merger, the combined customer base will exceed 1 crore, strengthening the bank’s market position.

Important Terms Explained:

• AU Small Finance Bank (AU SFB): A financial institution in India focusing on providing banking services to a broad spectrum of customers, including those in underserved regions.
• Fincare Small Finance Bank (Fincare SFB): A bank that offers financial services, particularly to customers in rural and semi-urban areas, specializing in microfinance and other banking solutions.
• Small Finance Banks: Financial institutions in India aimed at providing financial services to sections of the economy not served by traditional banks.

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Appointments – Daily Current Affairs April 02

6. Who was appointed as the Democratic Republic of Congo’s first female Prime Minister?
A) Judith Suminwa Tuluka
B) Bintou Keita
C) Felix Tshisekedi
D) Rwanda’s military
E) United Nations
Answer: A) Judith Suminwa Tuluka

Explanation:

• Event: The appointment of Judith Suminwa Tuluka as the Democratic Republic of Congo’s first female Prime Minister.
• Date: April 1
• Context: At a time of worsening violence in the country’s east, amidst a long-running conflict.

Mandates and Objectives:

• Promoting Peace and Development: Ms. Tuluka’s commitment to working towards peace and development in Congo.
• Formation of a New Government: The process of forming a new government is expected to take months due to intensive negotiations with numerous political parties.
• Addressing the Humanitarian Crisis: With more than 7 million people displaced due to the conflict in the east, addressing this crisis is a priority.

Important Terms Explained:

• Former Planning Minister: Prior to her appointment as Prime Minister, Judith Suminwa Tuluka held the position of Planning Minister in the Democratic Republic of Congo.
• M23 Rebel Group: A prominent rebel group in eastern Congo, which has made significant territorial gains, contributing to increased violence and displacement.
• U.N. Security Council: An international body responsible for maintaining peace and security, where the situation in Congo was discussed.

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7. Who has been appointed as a part-time member of the IBBI Governing Board from IIM Ahmedabad?
A) M.P. Ram Mohan
B) Dinabandhu Mohapatra
C) Ravi Mital
D) Non-Executive Independent Director
E) Former Managing Director & CEO
Answer: A) M.P. Ram Mohan

Explanation:

• Event: The Ministry of Corporate Affairs (MCA) appointing two part-time members to the Insolvency and Bankruptcy Board of India (IBBI) Governing Board.
• Appointees: M.P. Ram Mohan from IIM Ahmedabad and Dinabandhu Mohapatra from Indiabulls Housing Limited.
• Term: The appointment is effective from February 19 for a period of five years, or until the age of sixty-five, or until further orders, whichever is earlier.

Mandates and Objectives:

• Strengthening Governance: These appointments are aimed at strengthening the governance of the IBBI by incorporating diverse expertise into its board.
• Completing Board Composition: The appointments complete the IBBI Governing Board’s composition, aligning it with the requirements of the Insolvency and Bankruptcy Code 2016.

Important Terms Explained:

• Insolvency and Bankruptcy Board of India (IBBI): The insolvency regulator responsible for overseeing the implementation of the Insolvency and Bankruptcy Code (IBC), which provides a legal framework for the resolution of insolvency and bankruptcy cases in India.
• Insolvency and Bankruptcy Code 2016 (IBC): A comprehensive legislation enacted to consolidate and amend the laws relating to reorganization and insolvency resolution of corporate persons, partnership firms, and individuals in a time-bound manner.

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International Affairs – Daily Current Affairs April 01

8. What is the primary aim of the trilateral exercise ‘Dosti’ involving the coast guards of the Maldives, India, and Sri Lanka?
A) To conduct a cultural exchange program
B) To compete in maritime sports events
C) To address shared maritime security concerns through collaboration
D) To celebrate the anniversaries of the coast guards
E) To sign trade agreements between the participating countries
Answer: C) To address shared maritime security concerns through collaboration

Explanation:

• Event: The conduct of the trilateral naval exercise ‘Dosti’, involving the coast guards of the Maldives, India, and Sri Lanka.
• Objective: To address shared maritime security concerns through collaboration among the participating nations.
• Background: The exercise ‘Dosti’ is a biennial event, and the 16th iteration of this series aims to enhance cooperation, friendship, operational capability, and interoperability between the coast guards of the three countries.

Mandates and Objectives:

• Maritime Security: The exercise focuses on collaborative efforts to strengthen maritime security and safety, with activities like maritime interdiction operations, search and rescue missions, surveillance, and communication drills.
• Regional Cooperation: The exercise is also aimed at fostering regional cooperation and stability, countering threats such as piracy, and contributing to humanitarian and disaster relief efforts.

Important Terms Explained:

• DOSTI-16: The 16th iteration of the ‘Dosti’ series of naval exercises, which began in 1992 initially with Maldives and India, and later joined by Sri Lanka in 2012.
• Interoperability: The ability of different systems, organizations, and countries to work together effectively.
• Maritime Interdiction Operations: Activities that include enforcing sanctions, embargoes, and similar state orders at sea.

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National Affairs – Daily Current Affairs April 02

9. What was the percentage growth in IREDA’s loan book for the financial year 2023-24?
A) 26.71%
B) 14.63%
C) 15.94%
D) 101.71%
E) 13.98%
Answer: A) 26.71%

Explanation:

• Event: Indian Renewable Energy Development Agency Limited (IREDA) achieving its highest-ever annual loan sanctions and disbursements in the financial year 2023-24.
• Loan Sanctions: Loans sanctioned amounted to Rs. 37,354 crores.
• Loan Disbursements: Loans disbursed worth Rs. 25,089 crores.
• Loan Book Growth: The loan book saw a significant growth of 26.71%, standing at Rs. 59,650 crores.

Mandates and Objectives:

• Supporting Renewable Energy: IREDA’s record performance underscores its commitment to driving the renewable energy revolution in India.
• Financial Growth: The achievements reflect IREDA’s financial strength and its role in supporting the government of India’s renewable energy targets.
• Stakeholder Contribution: Acknowledgment of the support from stakeholders, business-partners, and investors in achieving these milestones.

Important Terms Explained:

• IREDA (Indian Renewable Energy Development Agency Limited): A leading non-banking financial company (NBFC) focused on green financing in India, dedicated to supporting renewable energy and energy efficiency projects.
• Loan Book: The total value of all loans that have been issued by a financial institution, yet to be repaid.

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10. What is the primary purpose of the ‘Myth vs Reality Register’ launched by the ECI for General Elections 2024?
A) To register complaints regarding the electoral process
B) To serve as a voting machine tutorial for citizens
C) To combat misinformation and uphold electoral integrity
D) To list candidates and their manifestos
E) To provide real-time election results
Answer: C) To combat misinformation and uphold electoral integrity

Explanation:

• Event: The Election Commission of India (ECI) launching the ‘Myth vs Reality Register’ for the General Elections 2024.
• Purpose: To combat the spread of misinformation and uphold the integrity of the electoral process.
• Launch Date: The register was launched today by Chief Election Commissioner Shri Rajiv Kumar and Election Commissioners Shri Gyanesh Kumar and Shri Sukhbir Singh Sandhu.

Mandates and Objectives:

• Addressing Misinformation: The register aims to address misinformation challenges in the electoral process, identified by Chief Election Commissioner Shri Rajiv Kumar as a major concern.
• Providing Verified Information: It serves as a comprehensive repository of factual information to dispel myths and falsehoods circulating during the election period.
• Empowering Voters: The initiative is designed to empower voters to make informed decisions through access to accurate and verified information.

Important Terms Explained:

• ECI (Election Commission of India): A constitutional authority responsible for administering elections in India, ensuring their free and fair conduct.
• Myth vs Reality Register: An online platform providing credible and authenticated election-related information to combat misinformation.

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11. Which two indigenous products of Tripura recently received the GI tag?
A) Tripureswari temple’s ‘Pera’ and ‘Risa’
B) ‘Rignai Pachra’ textile and ‘Risa’
C) Tripureswari temple’s ‘Pera’ and ‘Rignai Pachra’ textile
D) ‘Rignai Pachra’ textile and Tripura Tea
E) Tripureswari temple’s ‘Pera’ and Tripura Tea
Answer: C) Tripureswari temple’s ‘Pera’ and ‘Rignai Pachra’ textile

Explanation:

• Event: The granting of Geographical Indication (GI) tags to two indigenous products of Tripura: the ‘Pera’ of Tripureswari temple and the ‘Rignai Pachra’ textile.
• Details: Chief Minister Manik Saha announced that these two products have been officially recognized with the GI tag, indicating their unique cultural and geographic significance to the state of Tripura.

Mandates and Objectives:

• Cultural Recognition: The GI tag serves to recognize and protect the unique cultural heritage and craftsmanship involved in the production of these items.
• Promoting Local Products: This designation aims to boost the visibility and marketability of local products on a national and international level.

Important Terms Explained:

• Geographical Indication (GI) Tag: A sign used on products that have a specific geographical origin and possess qualities or a reputation that are due to that origin.
• Tripureswari Temple’s ‘Pera’: A prasad made of milk and sugar, associated with the Tripureswari temple.
• Rignai Pachra: A traditional cloth worn by women of indigenous tribes in Tripura, known for its unique handwoven design.

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Over All Review

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