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.

TO PURCHASE OUR BANKING AWARENESS (2021 Edition) – CLICK HERE

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.

Static GK Information:

Titbits

Dr. James Parkinson:

  • Notable for: First describing the disease in 1817.
  • Contribution: His work laid the foundation for understanding the symptoms and impacts of Parkinson’s Disease.

Parkinson’s Europe:

  • Role: Co-founder of World Parkinson’s Day and advocate for patient care and research in Parkinson’s Disease.

Tabular Summary:

Key Detail Information
Event World Parkinson’s Day
Date Annually on April 11
Location Global
Significance Raises awareness and promotes research and treatment advances for Parkinson’s Disease

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.

Static GK Information:

Titbits

United Nations General Assembly:

  • Role: An international body part of the United Nations that deliberates and makes decisions on important global issues, including commemorative international days.
  • Established: 1945
  • Location: New York City, USA

Tabular Summary:

Key Detail Information
Event International Day of Human Space Flight
Date Annually on April 12
Location Global
Significance Marks the anniversary of the first human spaceflight and celebrates contributions of space technology to human progress

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.

Static GK Information:

Titbits

Asian Wrestling Championships:

  • Frequency: Annually
  • Organizer: Asian Associated Wrestling Committee (AAWC)

Tabular Summary:

Key Detail Information
Event Asian Wrestling Championships
Location Bishkek, Kyrgyzstan
Significance Major wrestling competition in Asia featuring top continental athletes

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.

Static GK Information:

Titbits

Jack Alabaster:

  • Career span in Test cricket: 1955-1972
  • Test wickets: 49 wickets in 21 matches
  • Notable Achievements: Played a crucial role in New Zealand’s first Test wins and their first series draw against South Africa.

Tabular Summary:

Key Detail Information
Event Death of Jack Alabaster
Location Cromwell, New Zealand
Significance Acknowledges the legacy of one of New Zealand’s finest legspinners and his role in early Test victories

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.

Static GK Information:

Titbits

Jawaharlal Nehru University (JNU):

  • Founded Year: 1969
  • Vice-Chancellor: Santishree D Pandit
  • Location: New Delhi, India

Tabular Summary:

Key Detail Information
Event JNU ranked top in India in QS World University Rankings by Subject 2024
Location India
Date QS World University Rankings by Subject 2024
Chief Guest/Authority Vice-Chancellor Professor Santishree D Pandit
Significance JNU’s recognition enhances its prestige and acknowledges its contribution to higher education and research globally

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.

Static GK Information:

Titbits

RBI:

  • Founded Year: 1935
  • CEO/MD/Chairman: Shaktikanta Das
  • Headquarters: Mumbai, Maharashtra, India

Tabular Summary:

Key Detail Information
Event RBI rejection of applications for SFB
Location India
Date of Application Dvara Kshetriya Gramin: April 2021, Tally Solutions: August 2021
Chief Guest/Authority Reserve Bank of India
Significance Reinforces RBI’s stringent standards for SFB licensing under ‘on tap’ guidelines

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.

Static GK Information:

Titbits

PhonePe:

  • Founded Year: December 2015
  • CEO: Sameer Nigam
  • Headquarters: Bangalore, India

eSewa:

  • Type: Digital wallet service in Nepal
  • Founded Year: 2009

Tabular Summary:

Key Detail Information
Event Partnership to promote UPI payments in Nepal
Location Nepal
Date Fewa New Year Festival, April 11-14
Chief Guest/Authority PhonePe, eSewa, HAN Pokhara
Significance Enhances digital payment accessibility and awareness in Nepal using UPI

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.

Static GK Information

Titbits

National Statistical Office (NSO):

  • Founded Year: 2006 (following the merger of the Central Statistical Organisation and the National Sample Survey Office)
  • Headquarters: New Delhi, India

Monetary Policy Committee (MPC):

  • Founded Year: 2016
  • Objective: To fix the benchmark interest rate of the RBI and to maintain inflation within the specified target level.

Tabular Summary:

Key Detail Information
Event Retail inflation drop in March
Location India
Date March
Chief Guest/Authority National Statistical Office (NSO)
Significance Indicates economic trends and impacts monetary policy decisions

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.

Static GK Information:

Titbits

RBI:

  • Founded Year: 1935
  • CEO/MD/Chairman: Shaktikanta Das
  • Headquarters: Mumbai, Maharashtra, India

Tabular Summary:

Key Detail Information
Event Record increase in forex reserves
Location India
Date Week ended April 5
Chief Guest/Authority Reserve Bank of India
Significance Highest ever forex reserves, indicating strong economic resilience and strategic financial management

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.

Static GK Information:

Titbits

UGC:

  • Founded Year: 1956
  • Chairman: Prof. M. Jagadesh Kumar
  • Headquarters: New Delhi, India

Sachidananda Mohanty:

  • Previous Roles: Vice-Chancellor of Central University of Odisha, Professor and Head of the Department of English, University of Hyderabad
  • Awards: Fulbright, Charles Wallace, among others

Tabular Summary:

Key Detail Information
Event Appointment of Sachidananda Mohanty as UGC member
Location India
Date Effective immediately with a term of three years
Chief Guest/Authority Ministry of Higher Education, Government of India
Significance Enhances the leadership and governance within the UGC by leveraging Mohanty’s extensive experience and academic background

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.

Static GK Information:

Titbits

SJVN Limited:

  • Founded Year: 1988
  • Headquarters: Shimla, Himachal Pradesh, India

Tabular Summary:

Key Detail Information
Event Recommendation of Sushil Sharma as CMD of SJVN Limited
Location India
Date Panel meeting on April 8th
Chief Guest/Authority Public Enterprises Selection Board (PESB)
Significance Marks a pivotal step in leadership transition focusing on growth in renewable energy projects

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.

Static GK Information:

Titbits

Tarun Bajaj:

  • Age: 61
  • Previous Roles: Revenue Secretary, Secretary of Economic Affairs in India
  • Key Contributions: Played a significant role in stabilizing GST and formulating economic policies during the pandemic.

Tabular Summary:

Key Detail Information
Event Appointment of Tarun Bajaj as chair of US-India Tax Forum
Location US-India
Chief Guest/Authority US-India Strategic and Partnership Forum
Significance Enhances dialogue and cooperation on tax policies between the US and India, promoting better economic and business environments

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.

Static GK Information:

Titbits

Israel Defence Forces (IDF):

  • Role: Military forces of the State of Israel, encompassing the army, air force, and navy.
  • Founded: 1948

Tabular Summary:

Key Detail Information
Event First deployment of C-Dome system
Location Near Eilat, Israel
Date April 9
Chief Guest/Authority Israel Defence Forces (IDF)
Significance Marks the first operational use of the naval version of the Iron Dome, enhancing Israel’s defensive capabilities at sea

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.

Static GK Information:

Titbits

Trishakti Corps:

  • Role: Part of the Indian Army, focused on operations in the eastern region, including border security and support to civil administration.
  • Location: Eastern Command, India.

Tabular Summary:

Key Detail Information
Event ATGM training drill by Trishakti Corps
Location Sikkim, India
Chief Guest/Authority Indian Army’s Eastern Command
Significance Validates the precision and lethality of the ATGM system in high-altitude combat conditions


Over All Review

Important Days

  • World Parkinson’s Day is observed on April 11 annually.
  • The International Day of Human Space Flight is a global celebration every year on April 12th.

Sports 

  • Udit won the silver medal for India in the men’s freestyle 57kg category at the Asian Wrestling Championships held in Bishkek, Kyrgyzstan.

Obituary

  • Former New Zealand Legspinner Jack Alabaster Passes Away at 93.

Ranking 

  • Jawaharlal Nehru University was ranked as the top university in India in the QS World University Rankings by Subject 2024.

Banking and Finance 

  • The Reserve Bank of India reject the application of Dvara Kshetriya Gramin Financial Services for setting up a small finance bank.
  • PhonePe has partnered with eSewa and HAN Pokhara to promote UPI-based digital payments in Nepal.

Business And Economy

  • The retail inflation rate in India in March according to the data released by the National Statistical Office is 4.85%.
  • The value of India’s foreign exchange reserves for the week ended April 5, according to the latest RBI data is $648.562 billion.

Appointments

  • Sachidananda Mohanty has been appointed as a member of the University Grants Commission (UGC) for a three-year term.
  • Sushil Sharma has been recommended for the position of Chairman & Managing Director of SJVN Limited by the Public Enterprises Selection Board.
  • Tarun Bajaj has been appointed as the chair of the US-India Tax Forum by the US-India Strategic and Partnership Forum.

International Affairs

  • C-Dome is the name of Israel’s ship-mounted defense system that was deployed for the first time near the city of Eilat.

National Affairs

  • Army conducts training exercise of Anti-Tank Guided Missile in Sikkim.

DOWNLOAD TODAY’S CURRENT AFFAIRS PDF – CLICK HERE

You Must Also Read Daily Current Affairs April 11

Our Products