Daily Current Affairs April 03

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 03. 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 03 | Daily Current Affairs 2024

Important Days – Daily Current Affairs April 03

1. What is the main goal of the Prevention of Blindness Week observed by the Indian government?
A) To promote eye donation
B) To increase sales of eye care products
C) To encourage prudent lifestyle choices and regular eye examinations
D) To offer free glasses to the needy
E) To celebrate advancements in eye surgery
Answer: C) To encourage prudent lifestyle choices and regular eye examinations

Event and Location:

• Event: Prevention of Blindness Week, observed from April 1 to April 7, is designated by the Indian government.

Mandates and Objectives:

• Primary Objective: To emphasize the importance of making prudent lifestyle choices and undergoing regular eye examinations to mitigate the risk of eye ailments, including age-related macular degeneration.
• Secondary Objectives: To raise awareness about the various factors contributing to blindness, educate people on eye injuries and visual impairments, and promote effective preventive measures, treatment modalities, and potential cures through a nationwide campaign involving healthcare professionals, educators, and social workers.

Important Terms Explained:

• Age-Related Macular Degeneration: A condition that affects the macula (the part of the eye that allows you to see fine detail) and can lead to loss of vision in the center of the visual field.
• Trachoma, Cataracts, Vitamin A Deficiency: Significant causes of blindness in India, with cataracts being the most prevalent cause.

Static GK Information:

• Founded Year of National Society for the Prevention of Blindness: 1960
• Founders: Jawaharlal Nehru and Raj Kumari Amrit Kaur
• Collaborating Organizations: Sight Savers, Rotary International
• Major Causes of Blindness in India: Malnutrition, trachoma, cataracts, and vitamin A deficiency

Tabular Summary:

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Sports – Daily Current Affairs April 03

2. Which state emerged as champions in both men’s and women’s categories at the 56th National Kho Kho championships?
A) Karnataka
B) Maharashtra
C) West Bengal
D) Kerala
E) Punjab
Answer: B) Maharashtra

Event and Location:

• Event: Maharashtra securing the titles in both men’s and women’s categories at the 56th National Kho Kho Championships.

Mandates and Objectives:

• Primary Objective: Teams from across India competed in the 56th National Kho Kho Championships with the aim to emerge as champions in their respective categories.
• Achievements: Maharashtra won both the men’s and women’s titles, demonstrating exceptional skill and teamwork in both categories.

Important Terms Explained:

• Kho Kho: A traditional Indian sport, known for its tag game style, involving speed, agility, and strategic maneuvering.
• Decider Game: A tie-breaker match or segment of the game played to determine the winner when teams are tied at the end of the regular playtime.

Static GK Information:

• Kho Kho Federation of India (KKFI): The governing body responsible for the promotion and organization of Kho Kho in India. Sudhanshu Mittal currently serves as the president of KKFI.

Tabular Summary:

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Obituary – Daily Current Affairs April 03

3. Who was certified by the Guinness World Records as the oldest man in the world before his death at 114 years old?
A) Francisco Nunez Olivera
B) Masazo Nonaka
C) Jiroemon Kimura
D) Juan Vicente Perez Mora
E) Robert Weighton
Answer: D) Juan Vicente Perez Mora

Event and Location:

• Event: The death of Juan Vicente Perez Mora, the Venezuelan certified by Guinness World Records as the oldest man in the world.
• Location: Venezuela

Mandates and Objectives:

• Certification Date: He was officially confirmed as the oldest living man on February 4, 2022, at the age of 112 years and 253 days.

Important Terms Explained:

• Guinness World Records: An organization that records and certifies world records, including human achievements and the extremes of the natural world.
• Oldest Living Man: A title given by Guinness World Records to the oldest verified living male person.

Static GK Information:

• Juan Vicente Perez Mora: Born on May 27, 1909, in El Cobre, Tachira, Venezuela. He worked in agriculture from a young age and later became a sheriff in his community, resolving land and family disputes.

Tabular Summary:

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Banking and Finance – Daily Current Affairs April 03

4. What is the main purpose of the Digital India Trust Agency (DIGITA) initiative launched by the RBI?
A) To provide financial assistance to tech startups
B) To launch a new digital currency
C) To verify and whitelist legitimate loan apps
D) To introduce new banking regulations
E) To invest in technology companies
Answer: C) To verify and whitelist legitimate loan apps

Event and Location:

• Event: The Reserve Bank of India (RBI) is planning to set up the Digital India Trust Agency (DIGITA) as a measure to combat cybercrime in the digital lending space.

Mandates and Objectives:

• Primary Objective: To verify legitimate digital loan applications and create a public registry of these apps to ensure they comply with regulations and operate ethically.
• Secondary Objective: To remove suspicious lending apps from app stores in collaboration with tech giants and the IT Ministry, thereby enhancing digital lending safety for Indian consumers.

Important Terms Explained:

• Digital India Trust Agency (DIGITA): A proposed agency by the RBI aiming to serve as a central hub for vetting digital loan apps. It would grant a “DIGITA-approved” seal to verified apps, signifying their compliance and ethical operation.
• Whitelisting: A cybersecurity process where only approved entities (in this case, loan apps) are allowed access to a certain privilege or service. DIGITA plans to work with the IT Ministry to whitelist legitimate loan apps on platforms like Google Play.

Tabular Summary:

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5. What new loan product focused on healthcare has Canara Bank launched?
A) Canara HealthPlus
B) Canara Heal
C) Canara HealthLoan
D) Canara MedLoan
E) Canara CareLoan
Answer: B) Canara Heal

Event and Location:

• Event: Launch of new products and services by Canara Bank.
• Location: The announcement was made through a press release by Canara Bank, a Public Sector Bank in India.

Mandates and Objectives:

• Primary Objective: To enhance customer experience and streamline banking operations with the introduction of new products like Canara Heal, Canara Angel, Canara UPI 123PAY ASI, and Canara HRMS Mobile App for Staff.
• Canara Heal: A healthcare-focused loan product aimed at covering the shortfall of hospitalization expenditure through Third Party Administrator (TPA) healthcare insurance claims for self and/or dependents.

Important Terms Explained:

• Third Party Administrator (TPA): A service organization that processes insurance claims or certain aspects of employee benefit plans for a separate entity.
• Canara Angel: A customized savings account for women offering benefits like Cancer Care policy and pre-approved personal loans.
• Digital SHG: Digital Self-Help Group; initiative by Canara Bank for providing seamless doorstep digital services to SHGs, facilitating instant digital credit.

Static GK Information:

• Canara Bank: Founded in 1906, it is one of the largest public sector banks in India, headquartered in Bengaluru, Karnataka. It provides a wide range of banking products and services to its customers.

Tabular Summary:

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Business and Economy – Daily Current Affairs April 03

6. What is the primary goal of the Joint Venture (JV) formed between BMW Group and Tata Technologies?
A) To manufacture electric vehicles
B) To develop automotive software and Business IT solutions
C) To launch a new car model
D) To expand BMW’s manufacturing units in India
E) To research on artificial intelligence in automotive industry
Answer: B) To develop automotive software and Business IT solutions

Event and Location:

• Event: Formation of a Joint Venture (JV) between BMW Group and Tata Technologies to develop automotive software and Business IT solutions.
• Location: With operations and development activities planned in Pune, Bangalore, and Chennai, India.

Mandates and Objectives:

• Primary Objective: To deliver automotive software, including software-defined vehicle (SDV) solutions for BMW Group’s premium vehicles, and digital transformation solutions for its business IT.
• Growth Plan: The JV will start with 100 employees, with intentions to expand to a four-digit number in the following years, becoming part of BMW Group’s global network of software and IT hubs.

Important Terms Explained:

• Software-Defined Vehicle (SDV): A concept where the vehicle’s features and functions are primarily controlled by software rather than hardware. This approach allows for updates and modifications to be made via software changes.
• Digital Engineering: The practice of creating and using digital simulations to design, develop, and test engineered products.
• DevOps Hubs: Centers focused on the combination of development (Dev) and operations (Ops) activities aimed at shortening the development lifecycle and providing continuous delivery with high software quality.

Static GK Information:

• BMW Group: A German multinational company which produces luxury vehicles and motorcycles. Founded in 1916, its headquarters are located in Munich, Bavaria, Germany.
• Tata Technologies: A global product engineering and digital services company, part of the Tata Group. It specializes in engineering, product development, and IT services for the automotive, aerospace, and general manufacturing industries.

Tabular Summary:

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Appointments – Daily Current Affairs April 01

7. Who has been appointed as the new Chairman and Managing Director (CMD) of Konkan Railway Corporation Ltd. (KRCL)?
A) Santhosh Kumar Jha
B) Anil Kumar Lahoti
C) Ashwani Lohani
D) V.K. Yadav
E) Suneet Sharma
Answer: A) Santhosh Kumar Jha

Event and Location:

• Event: Appointment of Santhosh Kumar Jha as the Chairman and Managing Director (CMD) of Konkan Railway Corporation Ltd. (KRCL).
• Location: The announcement was made official by KRCL, a public sector undertaking under the Ministry of Railways.

Mandates and Objectives:

• Primary Objective: To lead KRCL in Operations, Infrastructure Planning, and Business Development.
• Background and Experience: Mr. Jha, with a rich background of 28 years in various critical roles within the railway and logistics sectors, brings extensive experience in Operations, Infrastructure Planning, and Business Development.

Important Terms Explained:

• Indian Railway Traffic Services (IRTS): A branch of the Indian Railways that deals with the transportation and management of railway traffic.
• Multi-Modal Logistic Hubs: Facilities where different modes of transport are used to move goods efficiently from the manufacturer to the market or final point of use.
• Private Freight Terminals: Privately owned facilities serving as points for loading, unloading, and handling of freight, enhancing the efficiency of cargo movement.

Static GK Information:

• Konkan Railway Corporation Ltd. (KRCL): A subsidiary of the Indian Railways that operates the Konkan Railway, a railway line which runs along the Konkan coast of India between Maharashtra and Karnataka. It is known for its challenging terrain and engineering feats.

Tabular Summary:

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National Affairs – Daily Current Affairs April 03

8. Which port emerged as India’s largest major port in terms of cargo volumes in FY24?
A) Mumbai Port
B) Cochin Port
C) Deendayal Port
D) Paradip Port
E) Chennai Port
Answer: D) Paradip Port

Event and Location:

• Event: Paradip Port surpassing Deendayal Port Authority in Gujarat to become India’s largest major port in terms of cargo volumes in FY24.
• Location: Odisha, India

Mandates and Objectives:

• Primary Objective: To achieve the highest cargo throughput among Indian major ports.
• Achievements: Paradip Port achieved a record-breaking 145.38 million metric ton (MMT) cargo throughput in FY2023-24, marking it as the highest cargo handling major port in the country. It also registered the highest-ever coastal shipping traffic and thermal coal shipping in FY24.

Important Terms Explained:

• Cargo Throughput: The total volume of cargo handled by a port within a specific timeframe.
• Coastal Shipping Traffic: Refers to the shipping and handling of cargo between ports along the same country’s coastline.
• Thermal Coal Shipping: The process of transporting thermal coal, which is used primarily for electricity generation, to and from ports.
• Berth Productivity: A measure of how efficiently a port’s berthing spaces are utilized in terms of cargo handled per day.

Static GK Information:

• Location: Paradip, Odisha, India
• Established Year: Paradip Port has been operational for 56 years as of FY2023-24.
• Capacity: Currently has a capacity of 289 million tonnes, with plans to cross 300 million tonnes in the next 3 years.

Tabular Summary:

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Over All Review

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