Daily Current Affairs April 17

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 17. 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 17 | Daily Current Affairs 2024

Important Days – Daily Current Affairs April 17

1. What is the theme for World Haemophilia Day 2024?
A) Better treatment for everyone
B) Recognizing all bleeding disorders
C) Equitable access for all
D) Awareness and education
E) Support and fundraising efforts
Answer: C) Equitable access for all

Event and Location:

• Event: World Haemophilia Day
• Location: Global observance

Mandates and Objectives:

• Objective: To raise awareness about Haemophilia and other bleeding disorders.
• Fundraising: To support patients by raising funds.

Important Terms Explained:

• World Federation of Haemophilia (WHF): An international organization dedicated to improving the lives of people with haemophilia and other inherited bleeding disorders.
• Coagulation factors: Proteins in blood that help control bleeding by forming clots.

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Sports – Daily Current Affairs April 17

2. Which Indian cricket stadium is the first to install a hybrid pitch according to the BCCI?
A) Eden Gardens, Kolkata
B) Wankhede Stadium, Mumbai
C) Himachal Pradesh Cricket Association Stadium, Dharamsala
D) Sardar Patel Stadium, Ahmedabad
E) M. Chinnaswamy Stadium, Bangalore
Answer: C) Himachal Pradesh Cricket Association Stadium, Dharamsala

Event and Location:

• Event: Installation of India’s first hybrid pitch
• Location: Himachal Pradesh Cricket Association (HPCA) Stadium, Dharamsala

Mandates and Objectives:

• Objective: To enhance the playing surface for international and IPL cricket matches.
• Significance: Represents a technological advancement in cricket pitch construction, aiming to improve durability and performance.

Important Terms Explained:

• Hybrid Pitch: A playing surface composed mainly of natural grass, with a small percentage of polymer fibers to enhance durability and performance.
• SISGrass: The company responsible for the installation of the hybrid pitch, known for their specialized grass technologies.

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Obituary – Daily Current Affairs April 17

3. Which award did KG Jayan receive from the Union government of India?
A) Bharat Ratna
B) Padma Bhushan
C) Padma Vibhushan
D) Padma Shri
E) Arjuna Award
Answer: D) Padma Shri

Event and Location:

• Event: Passing of Carnatic musician KG Jayan
• Location: Tripunithura, Ernakulam district, Kerala, India

Mandates and Objectives:

• Objective: Recognition of KG Jayan’s contributions to Carnatic music.
• Awards Received: Kerala Sangeetha Nataka Akademi Award, Harivarasanam Award, and the Padma Shri.

Important Terms Explained:

• Padma Shri: The fourth highest civilian award in India, awarded for distinguished service in any field including arts, education, industry, literature, science, sports, medicine, social service, and public affairs.
• Harivarasanam Award: An award jointly instituted by the Government of Kerala and the Travancore Devaswom Board to honor contributions to the field of devotional music.

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4. What role did Squadron Leader Dalip Singh Majithia play during World War II in the Indian Air Force?
A) He served as a flight instructor
B) He was a fighter pilot on missions
C) He was involved in ground operations
D) He worked in communications and intelligence
E) He served as a mechanic
Answer: B) He was a fighter pilot on missions

Event and Location:

• Event: Passing of Squadron Leader Dalip Singh Majithia
• Location: Rudrapur, Uttarakhand, India

Mandates and Objectives:

• Objective: To highlight the career and achievements of Squadron Leader Dalip Singh Majithia in the Indian Air Force.
• Role in IAF: Fighter pilot conducting patrolling, reconnaissance, and bombing missions.

Important Terms Explained:

• Spitfires and Hurricanes: Types of aircraft used during World War II. Spitfires and Hurricanes were prominent British fighter aircraft known for their roles in key battles.
• Number 4 Squadron – ‘The Fighting Oorials’: A unit in the Indian Air Force known for its valor and significant contributions during World War II.

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Banking and Finance – Daily Current Affairs April 17

5. What measure has the Reserve Bank of India taken concerning the Bank of Baroda’s ‘BoB World’ app?
A) Imposed a fine for cybersecurity lapses
B) Temporarily suspended customer onboarding
C) Permanently banned the app
D) Issued a public warning about the app
E) Ordered a complete redesign of the app
Answer: B) Temporarily suspended customer onboarding

Event and Location:

• Event: Suspension of customer onboarding on Bank of Baroda’s ‘BoB World’ app
• Location: India

Mandates and Objectives:

• Objective: To address supervisory concerns and prevent further cyber fraud through the app.
• Action Taken: Suspension of new customer onboarding until corrective measures are satisfactory to the RBI.

Important Terms Explained:

• KYC (Know Your Customer): A process used by banks and financial institutions to verify the identity, suitability, and risks involved with maintaining a business relationship.
• Business Correspondents (BCs): Individuals or entities that represent banks in remote locations, especially where it is not viable to open branches, facilitating various banking services.
• Micro ATMs: Banking devices that function like ATMs with additional capabilities for remote banking, often managed by BCs.

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6. What ratings did Fitch affirm for State Bank of India (SBI) and Canara Bank?
A) SBI: BBB-, Canara Bank: BB+
B) SBI: BB, Canara Bank: BBB-
C) SBI: BBB-, Canara Bank: BBB-
D) SBI: BBB, Canara Bank: BB-
E) SBI: BBB+, Canara Bank: BB+
Answer: C) SBI: BBB-, Canara Bank: BBB-

Event and Location:

• Event: Fitch Ratings affirmation of SBI and Canara Bank ratings
• Location: India

Mandates and Objectives:

• Objective: Evaluation of creditworthiness and support level of SBI and Canara Bank.
• Significance: Reflects the stability and state support expected for these major banks.

Important Terms Explained:

• Issuer Default Rating (IDR): A rating that evaluates the relative ability of an issuer, like a bank, to meet financial commitments such as interest, principal, insurance claims or counterparty obligations.
• Viability Rating (VR): An independent assessment of a bank’s financial strength absent of external support.
• Government Support Rating (GSR): A rating that reflects the likelihood of a government providing external support to a financial institution in times of need.

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7. What is the minimum net worth required for non-bank entities providing PA-P services at the time of application, as stipulated by the RBI’s draft norms?
A) ₹10 crore
B) ₹15 crore
C) ₹20 crore
D) ₹25 crore
E) ₹30 crore
Answer: B) ₹15 crore

Event and Location:

• Event: RBI issuing draft norms for offline Payment Aggregators (PA)
• Location: India

Mandates and Objectives:

• Objective: To regulate and enhance the security and operational standards of offline Payment Aggregators.
• Significance: Improves oversight and reliability within the payments ecosystem, particularly for face-to-face transactions.

Important Terms Explained:

• Payment Aggregators (PA): Entities that facilitate payments between merchants and customers without handling the actual funds.
• Net Worth Requirement: A financial threshold set by regulators to ensure the stability and reliability of financial service providers.

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8. What is the new FDI limit for satellite-related activities in the space sector as notified by the Finance Ministry?
A) 75%
B) 50%
C) 100%
D) 85%
E) 90%
Answer: C) 100%

Event and Location:

• Event: Notification of new FDI limits for satellite-related activities
• Location: India

Mandates and Objectives:

• Objective: To regulate foreign direct investment in satellite-related activities.
• Significance: Enhances the potential for foreign investment in the space sector, aiming to boost development and innovation.

Important Terms Explained:

• Foreign Direct Investment (FDI): Investment made by a firm or individual in one country into business interests located in another country.
• Foreign Exchange Management (Non-Debt Instruments) Rules: Regulations governing non-debt financial instruments, including equity investments and FDI.

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Appointments – Daily Current Affairs April 17

9. Who was appointed as the Prime Minister of Kuwait by the Emir recently?
A) Sheikh Mohammed Sabah al-Salem al-Sabah
B) Ahmad Abdullah al-Ahmad al-Sabah
C) Sheikh Jaber Al-Ahmad Al-Sabah
D) Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah
E) Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah
Answer: B) Ahmad Abdullah al-Ahmad al-Sabah

Event and Location:

• Event: Appointment of a new Prime Minister in Kuwait
• Location: Kuwait

Mandates and Objectives:

• Objective: Transition of leadership following the resignation of the former Prime Minister.
• Significance: Reflects the procedural changes following the election of a new parliament.

Important Terms Explained:

• Emir: The ruling monarch in some Islamic countries, including Kuwait.
• OPEC: The Organization of the Petroleum Exporting Countries, an intergovernmental organization of oil-exporting developing nations which aims to ensure stable oil prices.

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Awards – Daily Current Affairs April 17

10. Which position does Adwaita Nayar hold at Nykaa that contributed to her being named a 2024 Young Global Leader by the World Economic Forum?
A) Founder of Nykaa
B) CEO of Nykaa Fashion
C) CFO of Nykaa
D) Marketing Director of Nykaa
E) Head of Nykaa Beauty Products
Answer: B) CEO of Nykaa Fashion

Event and Location:

• Event: Adwaita Nayar named as a 2024 Young Global Leader by the World Economic Forum.
• Location: Global recognition

Mandates and Objectives:

• Objective: To recognize young leaders under 40 who are making significant changes in their industries and communities.
• Significance: Celebrates entrepreneurial success and leadership in innovative business practices.

Important Terms Explained:

• World Economic Forum (WEF): An international organization for public-private cooperation, known for its annual meeting at Davos, where global leaders in business, government, and civil society discuss global issues.
• Young Global Leader: A distinction awarded by the WEF to individuals who have the potential to shape the future through their leadership and innovative approaches to problem-solving.

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11. What degree was Ram Charan awarded an honorary doctorate in by Vels University?
A) Doctor of Science
B) Doctor of Arts
C) Doctor of Literature
D) Doctor of Fine Arts
E) Doctor of Philosophy
Answer: C) Doctor of Literature

Event and Location:

• Event: Awarding of an honorary doctorate to actor Ram Charan
• Location: Vels University, Tamil Nadu, India

Mandates and Objectives:

• Objective: To honor Ram Charan for his contributions to cinema and culture.
• Significance: Recognition of his impact as an actor, producer, and cultural icon.

Important Terms Explained:

• Honorary Doctorate: An academic degree for which a university has waived the usual requirements, such as matriculation, residence, study, and the passing of examinations. It is awarded to individuals who have distinguished themselves in a specific field.

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Science and Technology – Daily Current Affairs April 17

12. What is the newly prescribed nitrogen content percentage by weight for IFFCO’s Nano Urea as per the latest notification?
A) Between 1 and 5 percent
B) 46 percent
C) 16 percent
D) 20 percent
E) 25 percent
Answer: C) 16 percent

Event and Location:

• Event: Update of specifications for IFFCO’s Nano Urea
• Location: India

Mandates and Objectives:

• Objective: To increase the nitrogen content in Nano Urea to enhance its effectiveness and align with agricultural needs.
• Significance: The new specification aims to improve crop yields and address farmer concerns about the efficacy of the previous formula.

Important Terms Explained:

• Nano Urea: A liquid urea formulation that offers a more concentrated and efficient nitrogen delivery system for crops, compared to traditional granular urea.
• Kharif Season: One of India’s two major cropping seasons, starting with the onset of the monsoon and lasting until the beginning of winter.

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National Affairs – Daily Current Affairs April 17

13. What is the capacity of the hybrid renewable energy project announced by Mahindra Susten in Maharashtra?
A) 101 MW wind and 52 MW solar
B) 150 MW total
C) 200 MW wind
D) 100 MW solar
E) 153 MW hybrid
Answer: B) 150 MW total

Event and Location:

• Event: Launch of a new hybrid renewable energy project
• Location: Maharashtra, India

Mandates and Objectives:

• Objective: To generate clean energy and reduce carbon emissions.
• Capacity: 150 MW (101 MW wind and 52 MW solar)
• Energy Production: Expected to generate 460 million kWh annually.
• CO2 Emission Reduction: Projected to offset 420,000 tonnes annually.

Important Terms Explained:

• Hybrid Renewable Energy: Combines more than one renewable energy source (in this case, wind and solar) to produce electricity, optimizing energy output and reducing dependency on a single energy source.

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14. What is the main goal of the committee set up by the IFSCA to transform GIFT City?
A) To monitor green and sustainable lending
B) To establish a framework for climate finance products
C) To create an international bullion exchange
D) To bring back companies that left Indian shores
E) To oversee the construction of new infrastructure
Answer: B) To establish a framework for climate finance products

Event and Location:

• Event: Establishment of a committee by IFSCA to transform GIFT City into a climate finance hub.
• Location: GIFT City, India

Mandates and Objectives:

• Objective: To develop a framework for climate finance products and transform GIFT City into a hub for sustainable finance.
• Significance: Aligns with India’s long-term sustainability goals and enhances the financial sector’s role in addressing climate change.

Important Terms Explained:

• Climate Finance Hub: A center dedicated to the financial aspects of climate change mitigation and adaptation, including funding for green projects and technologies.
• Transition Finance Framework: A set of guidelines to facilitate the financial industry’s transition towards more sustainable practices and products.

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Over All Review

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