Daily Current Affairs April 05

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 05. 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 05 | Daily Current Affairs 2024

Important Days – Daily Current Affairs April 05

1. What is the theme of the International Day of Conscience 2024?
A) Cultivating Peace through Understanding
B) Promoting the Culture of Peace with Love and Conscience
C) Advancing Human Rights for All
D) Strengthening Ties of Solidarity and Tolerance
E) Building a Just and Sustainable World
Answer: B) Promoting the Culture of Peace with Love and Conscience

Event and Location:

• Event: International Day of Conscience 2024
• Location: Global observance

Mandates and Objectives:

• The United Nations established the International Day of Conscience to emphasize the importance of self-examination, moral conduct, and the promotion of peace and social justice.
• The day serves as a reminder to reflect on moral values and commit to acting morally to foster a just and peaceful society.
• 2024 Theme: “Promoting the Culture of Peace with Love and Conscience,” focuses on nurturing peace and social justice through love and a conscientious approach.

Important Terms Explained:

• Culture of Peace: A set of values, attitudes, traditions, and modes of behavior and ways of life that reject violence and prevent conflicts by tackling their root causes to solve problems through dialogue and negotiation among individuals, groups, and nations.
• Self-examination and Moral Conduct: Reflecting on one’s actions and beliefs to ensure they align with ethical and moral principles.

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2. What is the theme for National Maritime Day 2024?
A) Empowering Maritime Excellence
B) Navigating the Future: Safety First!
C) Strengthening Maritime Trade
D) Advancing Oceanic Sustainability
E) Celebrating Maritime Heritage and Innovation
Answer: B) Navigating the Future: Safety First!

Event and Location:

• Event: National Maritime Day 2024
• Location: India

Mandates and Objectives:

• National Maritime Day celebrates the achievements and contributions of the Indian maritime sector, highlighting the role of maritime activities in international trade and the economy.
• The day aims to spread awareness about the maritime sector’s significance and encourage the next generation to consider careers within this field.
• 2024 Theme: “Navigating the Future: Safety First!” emphasizes the importance of prioritizing safety in maritime activities and operations.

Important Terms Explained:

• NMD Award of Excellence: An accolade presented on National Maritime Day to individuals for their lifetime distinguished and exceptional achievements in the Indian maritime sector at the senior level.
• SS Loyalty: The first ship of The Scindia Steam Navigation Company Ltd to journey to the United Kingdom, marking a significant milestone in India’s maritime history.

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3. In which year was the Army Medical Corps (AMC) raised?
A) 1764
B) 1947
C) 1857
D) 1901
E) 1914
Answer: A) 1764

Event and Location:

• Event: 260th Raising Day of the Army Medical Corps (AMC)
• Location: New Delhi, India

Mandates and Objectives:

• The AMC was established to provide medical care to Armed Forces personnel, their families, and veterans. It has a history of dedication, development, and sacrifice in both combat and peace settings.
• The motto “Sarve Santu Niramaya” translates to “let all be free from disease,” encapsulating the Corps’ mission to ensure the health and well-being of the armed forces community.
• The AMC also contributes to UN Peacekeeping Missions and Humanitarian Assistance and Disaster Relief (HADR) activities worldwide, showcasing its commitment to global health and safety.

Important Terms Explained:

• Sarve Santu Niramaya: This is the motto of the AMC, emphasizing the corps’ dedication to preventing disease and promoting health among military personnel and the wider community.
• UN Peace Keeping Missions and HADR activities: The AMC’s involvement in these missions underlines its role in global health initiatives, providing medical care and support in conflict zones and after natural disasters.

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Sports – Daily Current Affairs April 05

4. Which medal did Bindyarani Devi win in the clean and jerk category at the IWF World Cup 2024?
A) Gold
B) Silver
C) Bronze
D) None
E) Participatory Medal
Answer: B) Silver

Event and Location:

• Event: IWF World Cup 2024
• Location: Phuket, Thailand

Mandates and Objectives:

• Bindyarani Devi’s participation in the non-Olympic women’s 55kg category at the IWF World Cup 2024 aimed to showcase her skills and contribute to India’s standing in international weightlifting competitions.
• The competition serves as a platform for athletes to compete at a high level, and for Bindyarani, it was an opportunity to improve her Olympic Qualification Ranking.

Important Terms Explained:

• Clean and Jerk: A weightlifting event where the weightlifter first lifts the barbell to the shoulders (clean) and then overhead in a jerk motion.
• Snatch: Another weightlifting event where the weightlifter lifts the barbell from the ground to overhead in one continuous motion.
• Olympic Qualification Ranking (OQR): A ranking system used to qualify athletes for the Olympic Games based on their performances at sanctioned international competitions.

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Banking and Finance – Daily Current Affairs April 05

5. What is the repo rate according to the latest RBI Monetary Policy Committee meeting in April 2024?
A) 5.25%
B) 5.75%
C) 6.00%
D) 6.50%
E) 7.00%
Answer: D) 6.50%

Event and Location:

• Event: RBI Monetary Policy Committee (MPC) Meeting, April 2024
• Location: India

Mandates and Objectives:

• The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) decided to keep the repo rate unchanged at 6.50% during its first meeting of the financial year 2024-25.
• This decision reflects the RBI’s assessment of current and projected economic conditions, balancing the need to control inflation while supporting economic growth.

Important Terms Explained:

• Repo Rate: The rate at which the central bank of a country (RBI, in the case of India) lends money to commercial banks in the event of any shortfall of funds. It is used by monetary authorities to control inflation.
• LCR (Liquidity Coverage Ratio): A requirement under Basel III, LCR ensures that financial institutions have an adequate stock of unencumbered high-quality liquid assets that can be converted into cash to meet their short-term liquidity needs.
• CBDC (Central Bank Digital Currency): A digital form of a country’s fiat currency, issued and regulated by the central bank. It aims to provide a secure and efficient method of payment.
• PPI (Prepaid Payment Instrument): Instruments that facilitate purchase of goods and services, including funds transfer, against the value stored on such instruments.

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6. What new facility is the RBI planning to introduce for cash deposits at CDMs?
A) Use of debit cards only
B) Mandatory account number entry
C) UPI-based cash deposit
D) Physical check deposits through ATMs
E) NFC-enabled cash deposits
Answer: C) UPI-based cash deposit

Event and Location:

• Event: Introduction of UPI-based cash deposit facility at Cash Deposit Machines (CDMs)
• Location: India

Mandates and Objectives:

• The Reserve Bank of India (RBI) is set to roll out a cash deposit facility through Unified Payments Interface (UPI) at Cash Deposit Machines (CDMs), transitioning from the current method that requires the use of debit cards.
• This initiative aims to enhance customer convenience and improve the efficiency of banking transactions by leveraging the widespread acceptance and convenience of UPI.

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 mobile devices.
• Cash Deposit Machines (CDMs): Automated machines that allow customers to deposit cash into their bank accounts without having to visit a bank branch.

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Appointments – Daily Current Affairs April 05

7. Who has been appointed as a member of the World Bank’s Economic Advisory Panel?
A) Lord Nicholas Stern
B) Indermit Gill
C) Rakesh Mohan
D) IG Patel
E) Nicholas Stern
Answer: C) Rakesh Mohan

Event and Location:

• Event: Appointment to the World Bank Economic Advisory Panel
• Location: Global (Announcement by the Centre for Social and Economic Progress, New Delhi)

Mandates and Objectives:

• Rakesh Mohan’s appointment to the World Bank Economic Advisory Panel signifies the World Bank Group’s commitment to incorporating diverse global perspectives in its strategic planning, research agenda, and policy actions.
• The panel, focusing on strategic issues relevant to the World Bank’s objectives, plays a crucial role in advising on research and policy outputs, highlighting the importance of expert insights in shaping global economic policies.

Important Terms Explained:

• Economic Advisory Panel: A group of distinguished experts tasked with advising the World Bank Group on strategic issues, research agendas, and policy actions.
• World Bank Group: An international financial institution that provides loans and grants to the governments of poorer countries for the purpose of pursuing capital projects.

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8. Who is the Head of the Forum of Young Global Leaders as of 2024?
A) Nicole Schwab
B) Ida Jeng Christensen
C) Peace Hyde
D) Margaret Zhang
E) Sinéad Burke
Answer: B) Ida Jeng Christensen

Event and Location:

• Event: Announcement of the 2024 Class of Young Global Leaders
• Location: Geneva, Switzerland

Mandates and Objectives:

• The World Economic Forum’s Forum of Young Global Leaders aims to cultivate a community of diverse leaders under the age of 40 who are committed to shaping the global agenda and addressing the world’s most pressing issues through innovation and collaboration.
• The Class of 2024 includes individuals from various sectors such as politics, business, civil society, the arts, and academia, demonstrating the Forum’s dedication to interdisciplinary approaches to global challenges.

Important Terms Explained:

• Young Global Leaders (YGL): A unique community within the World Economic Forum comprising young leaders who are recognized for their achievements, leadership potential, and commitment to making a positive impact in the world.
• World Economic Forum: An international organization for public-private cooperation that engages the foremost political, business, cultural, and other leaders of society to shape global, regional, and industry agendas.

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9. Who has been appointed as the Presiding officer of the Securities Appellate Tribunal?
A) Justice PS Dinesh Kumar
B) Justice Dheeraj Bhatnagar
C) Justice Tarun Agarwala
D) Justice Meera Swarup
E) Amarpal Singh Dua
Answer: A) Justice PS Dinesh Kumar

Event and Location:

• Event: Appointment to the Securities Appellate Tribunal (SAT)
• Location: India

Mandates and Objectives:

• The Centre appointed retired Justice PS Dinesh Kumar as the presiding officer of the Securities Appellate Tribunal for a tenure of four years. This appointment is pivotal for the functioning of SAT, as it handles appeals against orders passed by regulatory bodies like SEBI, IRDAI, and PFRDA.
• Justice Dheeraj Bhatnagar, a retired principal chief commissioner of income tax, has also been appointed as the technical member of SAT.

Important Terms Explained:

• Securities Appellate Tribunal (SAT): A statutory body established under the Securities and Exchange Board of India Act, 1992, SAT is responsible for hearing and disposing of appeals against orders passed by SEBI and other regulatory authorities.
• Presiding Officer: The head of the Securities Appellate Tribunal, typically a retired judge, leading the tribunal’s judicial and administrative functions.

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Awards – Daily Current Affairs April 05

10. Which company won the ‘Achievement Award for Creating Social Development & Impact’ at the 15th CIDC Vishwakarma Awards 2024?
A) SJVN Limited
B) Reliance Industries Limited
C) Tata Consultancy Services
D) Larsen & Toubro
E) Mahindra & Mahindra
Answer: A) SJVN Limited

Event and Location:

• Event: 15th CIDC Vishwakarma Awards 2024
• Location: India Habitat Centre, New Delhi

Mandates and Objectives:

• SJVN Limited was honored at the 15th CIDC Vishwakarma Awards 2024 with two prestigious awards: ‘Achievement Award for Creating Social Development & Impact’ and ‘CIDC Partners in Progress Trophy’.
• These awards recognize SJVN’s commitment to societal betterment through innovative and sustainable Corporate Social Responsibility (CSR) initiatives.

Important Terms Explained:

• CIDC Vishwakarma Awards: An awards ceremony organized by the Construction Industry Development Council to recognize organizations and individuals for their significant contributions to various fields, including Corporate Social Responsibility.
• Corporate Social Responsibility (CSR): A business model where companies integrate social and environmental concerns in their operations and interactions with stakeholders.

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National Affairs – Daily Current Affairs April 05

11. What is the primary technology that powers the DigiYatra system?
A) Biometric Passport Scanning
B) Facial Recognition Technology
C) RFID Luggage Tracking
D) NFC Mobile Payments
E) Bluetooth Beacon Navigation
Answer: B) Facial Recognition Technology

Event and Location:

• Event: Launch of the DigiYatra system at Manohar International Airport in Mopa
• Location: Mopa (Manohar International Airport in Mopa, Goa, India)

Mandates and Objectives:

• The DigiYatra system is an innovative initiative by the Government of India designed to enhance the passenger experience at airports through the use of advanced technology.
• By utilizing Facial Recognition Technology (FRT), DigiYatra aims to streamline entry and security procedures, thereby significantly reducing waiting times for travellers and ensuring a seamless journey.

Important Terms Explained:

• DigiYatra: A government-led initiative that employs Facial Recognition Technology to provide a contactless, efficient airport experience, enabling passengers to quickly complete boarding procedures.
• Facial Recognition Technology (FRT): A method of identifying or verifying the identity of an individual using their facial features. This technology is used in the DigiYatra system to facilitate swift and contactless passenger movement through airport procedures.

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Over All Review

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