Daily Current Affairs April 12

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 12. 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 12 | Daily Current Affairs 2024

Important Days – Daily Current Affairs April 12

1. When is World Parkinson’s Day observed annually?
A) April 11
B) April 10
C) April 12
D) April 9
E) April 8
Answer: A) April 11

Event and Location:

• Event: World Parkinson’s Day 2024 observation.
• Location: Globally observed.

Mandates and Objectives:

• Objective: To raise awareness about Parkinson’s Disease, a progressive neurodegenerative disorder, and to highlight research and treatment progress.

Important Terms Explained:

• Parkinson’s Disease: A progressive neurodegenerative disorder characterized by the damage of nerve cells in the brain which causes a decrease in dopamine levels, leading to symptoms such as tremors, slow movement, stiffness, and loss of balance.

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2. Which day is commemorated globally as the International Day of Human Space Flight to honor the first human orbit of Earth?
A) April 10
B) April 11
C) April 12
D) April 13
E) April 14
Answer: C) April 12

Event and Location:

• Event: International Day of Human Space Flight.
• Location: Global observance.

Mandates and Objectives:

• Objective: To celebrate and recognize the start of the space era for mankind, marked by Yuri Gagarin’s orbit around the Earth, and to highlight the role of space science and technology in advancing sustainable development goals.

Important Terms Explained:

• Yuri Gagarin: The Russian cosmonaut who became the first human to orbit Earth on April 12, 1961, aboard Vostok 1, significantly influencing the course of space exploration.
• Vostok 1: The spacecraft that carried Yuri Gagarin into orbit around Earth, marking a significant milestone in human spaceflight.

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Sports – Daily Current Affairs April 12

3. Who won the silver medal for India in the men’s freestyle 57kg category at the Asian Wrestling Championships held in Bishkek, Kyrgyzstan?
A) Abhimanyu
B) Vicky
C) Udit
D) Rohit
E) Parvinder Singh
Answer: C) Udit

Event and Location:

• Event: Asian Wrestling Championships.
• Location: Bishkek, Kyrgyzstan.

Mandates and Objectives:

• Objective: The championship serves as a competitive platform for Asian wrestlers to showcase their skills and gain rankings.

Important Terms Explained:

• Freestyle Wrestling: A style of amateur wrestling where competitors are allowed to use their legs for pushing, lifting, and tripping, and can hold opponents above or below the waist.

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Obituary – Daily Current Affairs April 12

4. Jack Alabaster, the former New Zealand legspinner, was part of how many of New Zealand’s first Test victories?
A) Two
B) Three
C) Four
D) Five
E) Six
Answer: C) Four

Event and Location:

• Event: The passing of Jack Alabaster, a former New Zealand legspinner.
• Location: Cromwell, New Zealand

Mandates and Objectives

• Objective: Highlighting the significant contributions of Jack Alabaster to New Zealand cricket, particularly in their early Test successes.

Important Terms Explained:

• Legspinner: A type of bowler in cricket who delivers the ball with a wrist spin action, causing the ball to spin from leg to off on the pitch.
• Test Cricket: The longest form of the sport of cricket, Test matches are considered the game’s highest standard.

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Ranking – Daily Current Affairs April 12

5. Which university was ranked as the top university in India in the QS World University Rankings by Subject 2024?
A) Indian Institute of Technology (IIT)
B) Delhi University (DU)
C) Jawaharlal Nehru University (JNU)
D) University of Mumbai
E) Bangalore University
Answer: C) Jawaharlal Nehru University (JNU)

Event and Location:

• Event: Jawaharlal Nehru University (JNU) being ranked as the top university in India in the QS World University Rankings by Subject 2024.
• Location: India, global ranking context.

Mandates and Objectives:

• Objective: The QS World University Rankings by Subject aims to highlight the world’s top universities in a range of subject areas, benchmarking their performance against each other.

Important Terms Explained:

• QS World University Rankings by Subject: These rankings provide comparative data on universities’ performance in various subjects, helping prospective students identify leading universities in specific areas of study.
• Epistemic Community: A network of professionals with recognized expertise and competence in a particular domain and an authoritative claim to policy-relevant knowledge within that domain or issue-area.

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Banking and Finance – Daily Current Affairs April 12

6. Which of the following institutions did the Reserve Bank of India reject the application for setting up a small finance bank?
A) Cosmea Financial Holdings
B) Dvara Kshetriya Gramin Financial Services
C) Chaitanya India Fin Credit Private
D) VSoft Technologies Private
E) Annapurna Finance Private
Answer: B) Dvara Kshetriya Gramin Financial Services

Event and Location:

• Event: The Reserve Bank of India (RBI) rejected the applications of Dvara Kshetriya Gramin Financial Services and Tally Solutions Private for setting up small finance banks (SFB).
• Location: The applications and decisions were processed in India.

Mandates and Objectives:

• The RBI assessed the applications based on its ‘on tap’ licensing guidelines for setting up small finance banks.
• Both institutions were found not suitable for in-principle approval to set up a small finance bank, leading to their rejection.

Important Terms Explained:

• Small Finance Bank (SFB): These banks are a type of niche bank in India. They are intended to further financial inclusion by primarily undertaking basic banking activities to unserved and underserved sections including small business units, small and marginal farmers, micro and small industries, and entities in the unorganized sector.
• ‘On Tap’ Licensing: This is a process where the RBI allows banks to apply for licenses periodically without waiting for a specific invitation.

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7. Which company has partnered with eSewa and HAN Pokhara to promote UPI-based digital payments in Nepal?
A) PayPal
B) Google Pay
C) Paytm
D) PhonePe
E) Mastercard
Answer: D) PhonePe

Event and Location:

• Event: PhonePe’s partnership with eSewa and HAN Pokhara to promote UPI in Nepal.
• Location: Nepal, specifically during the Fewa New Year Festival.

Mandates and Objectives:

• Objective: The initiative aims to increase the adoption and understanding of digital payments through UPI among local merchants and customers in Nepal.

Important Terms Explained:

• Unified Payments Interface (UPI): A real-time payment system developed by the National Payments Corporation of India to facilitate inter-bank transactions. The interface is regulated by the Reserve Bank of India and works by instantly transferring funds between two bank accounts on a mobile platform.
• Fonepay Network: A payment processor in Nepal that supports digital transactions including those made via UPI.

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Business and Economy – Daily Current Affairs April 12

8. What was the retail inflation rate in India in March according to the data released by the National Statistical Office?
A) 5.7%
B) 4.85%
C) 5.1%
D) 4.5%
E) 5.0%
Answer: B) 4.85%

Event and Location:

• Event: Retail inflation fell to a 10-month low in March.
• Location: India

Mandates and Objectives:

• Objective: Tracking the retail inflation, which is a key indicator of economic health and directly impacts monetary policy.

Important Terms Explained:

• Retail Inflation (CPI): Retail inflation measures the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. It’s a crucial economic indicator used by policymakers to set monetary policy.
• Index of Industrial Production (IIP): The IIP measures the level of industrial activity in the economy. It is an indicator of industrial growth until real output is measured.

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9. What was the value of India’s foreign exchange reserves for the week ended April 5, according to the latest RBI data?
A) $645.583 billion
B) $648.562 billion
C) $642.453 billion
D) $571.166 billion
E) $54.558 billion
Answer: B) $648.562 billion

Event and Location:

• Event: India’s foreign exchange reserves rose to a record high.
• Location: India

Mandates and Objectives:

• Objective: The increase in foreign exchange reserves is part of the RBI’s ongoing efforts to manage currency stability and economic resilience in the face of global financial dynamics.

Important Terms Explained:

• Foreign Exchange Reserves: These are assets held on reserve by a central bank in foreign currencies, which can include bonds, treasury bills, and other government securities. They are used to back liabilities and influence monetary policy.
• Foreign Currency Assets (FCA): These are the largest component of the forex reserve. They are assets that are valued based on a currency other than the country’s own currency.

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Appointments – Daily Current Affairs April 12

10. Who has been appointed as a member of the University Grants Commission (UGC) for a three-year term?
A) Panchanan Mohanty
B) Sachidananda Mohanty
C) Bidyut Prabha Devi
D) Charles Wallace
E) None of the above
Answer: B) Sachidananda Mohanty

Event and Location:

• Event: Sachidananda Mohanty appointed as a member of the University Grants Commission (UGC).
• Location: India

Mandates and Objectives:

• Objective: Strengthening the governance of higher education through experienced and distinguished leadership in UGC.

Important Terms Explained:

• University Grants Commission (UGC): A statutory body set up by the Government of India in accordance to the UGC Act 1956 under Ministry of Education, responsible for coordinating, determining, and maintaining standards of higher education. It provides recognition to universities in India and disburses funds to such recognized universities and colleges.
• Gazette Notification: Official public notification issued by the government, which is a legal requirement for formal public communication of a new appointment.

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11. Who has been recommended for the position of Chairman & Managing Director (CMD) of SJVN Limited by the Public Enterprises Selection Board (PESB)?
A) Sushil Sharma
B) Raj Kumar Chaudhary
C) Jaya Varma Sinha
D) Shri R. K. Tyagi
E) Shri Sandeep Kumar Gupta
Answer: A) Sushil Sharma

Event and Location:

• Event: Sushil Sharma’s recommendation for the position of CMD at SJVN Limited.
• Location: India

Mandates and Objectives:

• Objective: The selection aims to bring experienced leadership to SJVN Limited, especially in managing and expanding hydroelectric and other renewable energy projects.

Important Terms Explained:

• SJVN Limited: A public sector enterprise involved in the generation and sale of power through hydroelectric projects in India.
• Public Enterprises Selection Board (PESB): A high-powered body constituted by the Government of India. Its role is to evaluate and recommend personnel for top management positions in public sector enterprises.

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12. Who has been appointed as the chair of the US-India Tax Forum by the US-India Strategic and Partnership Forum (USISPF)?
A) Mukesh Aghi
B) Tarun Bajaj
C) Ajay Kumar
D) Ashok Lavasa
E) Hasmukh Adhia
Answer: B) Tarun Bajaj

Event and Location:

• Event: Appointment of Tarun Bajaj as the chair of the US-India Tax Forum.
• Location: The announcement pertains to both the United States and India, under the auspices of the USISPF.

Mandates and Objectives:

• Objective: To strengthen economic relations between the US and India through effective tax policy discussions and enhancements.

Important Terms Explained:

• US-India Strategic and Partnership Forum (USISPF): An organization aimed at fostering stronger business and strategic ties between the United States and India through policy advocacy and business outreach.
• US-India Tax Forum: An initiative under USISPF providing a platform for businesses and government officials to discuss tax issues, aiming to improve the ease of doing business across the US-India corridor.

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International Affairs – Daily Current Affairs April 12

13. What is the name of Israel’s ship-mounted defense system that was deployed for the first time near the city of Eilat?
A) Iron Dome
B) C-Dome
C) Arrow System
D) David’s Sling
E) Patriot System
Answer: B) C-Dome

Event and Location:

• Event: Deployment of the C-Dome defense system by Israel.
• Location: Near Eilat, Israel

Mandates and Objectives:

• Objective: Enhance aerial defense capabilities using a naval version of the established Iron Dome system to intercept potential threats from the air.

Important Terms Explained:

• C-Dome: This is the naval version of the Iron Dome system, specifically designed for use on ships to defend against aerial threats like rockets and missiles.
• Iron Dome: A mobile all-weather air defense system developed by Rafael Advanced Defense Systems and Israel Aerospace Industries, primarily designed to intercept short-range rockets and artillery shells.

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National Affairs – Daily Current Affairs April 12

14. What goal does the effectiveness of the Anti-Tank Guided Missile (ATGM) system in high-altitude conditions validate?
A) One Shot, One Kill
B) One Missile, One Tank
C) One Target, One Missile
D) One Army, One Mission
E) One Command, One Task
Answer: B) One Missile, One Tank

Event and Location:

• Event: Training drill involving the firing of ATGMs by the Trishakti Corps of the Indian Army.
• Location: Sikkim, India.

Mandates and Objectives:

• Objective: To demonstrate and enhance the capabilities of the ATGM system in neutralizing armored threats effectively in high-altitude, challenging terrains.

Important Terms Explained:

• Anti-Tank Guided Missile (ATGM): A missile system designed to hit and destroy armored vehicles such as tanks, typically from a distance, ensuring precision and effectiveness in various combat scenarios.

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