Daily Current Affairs April 27 & 28

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 27 & 28. 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 27 & 28 | Daily Current Affairs 2024

Important Days – Daily Current Affairs April 27 & 28

1. What is the theme for the World Day for Safety and Health at Work in 2024?
A) Workplace Equality
B) Mental Health Awareness
C) Climate Change and Safety
D) Technological Advancements
E) Economic Development
Answer: C) Climate Change and Safety

Event and Location:

• Event: World Day for Safety and Health at Work 2024.
• Location: Global observance.

Mandates and Objectives:

• Objective: To emphasize the importance of maintaining a safe and healthy work environment, especially in the context of evolving challenges such as climate change.

Important Terms Explained:

• Occupational Safety and Health Convention: An international treaty adopted by the International Labour Organisation to promote health and safety in the workplace.
• Climate Change: Refers to long-term shifts and alterations in temperature and weather patterns, which have been linked to human activities, particularly the emission of greenhouse gases.

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2. What is the theme for World Veterinary Day in 2024?
A) Veterinarians: Guardians of Animal Welfare
B) Veterinarians are essential health workers
C) Protecting Animal Health Worldwide
D) Veterinarians and Environmental Sustainability
E) The Role of Veterinarians in Society
Answer: B) Veterinarians are essential health workers

Event and Location:

• Event: World Veterinary Day 2024.
• Location: Global observance.

Mandates and Objectives:

• Objective: To highlight the critical role of veterinarians in animal health and welfare, and to recognize them as essential health workers.

Important Terms Explained:

• World Veterinary Day: An annual celebration to honor veterinarians and their contributions to animal health, welfare, and public health.
• World Veterinary Association (WVA): The global body responsible for promoting veterinary practices and animal welfare.

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3. What significant event did the CSIR-Indian Institute of Petroleum celebrate recently?
A) 50th Anniversary
B) 65th Foundation Day
C) Launch of a new technology
D) Opening of a new research facility
E) 75th Foundation Day
Answer: B) 65th Foundation Day

Event and Location:

• Event: The 65th Foundation Day of the CSIR-Indian Institute of Petroleum (IIP).
• Location: Dehradun, India.

Mandates and Objectives:

• Objective: To commemorate the institute’s long-standing contributions to research and development in the petroleum sector and to outline future directions for technological advancements and national development.

Important Terms Explained:

• Vikasit Bharat: Translates to “Developed India”, a vision for India’s comprehensive development across various sectors including energy.
• Jigyasa 2.0 Program: An educational initiative aimed at fostering scientific curiosity and knowledge among school students.

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Sports – Daily Current Affairs April 27 & 28

4. Who has been announced as an ambassador for the ICC Men’s T20 World Cup 2024?
A) Sachin Tendulkar
B) Chris Gayle
C) Virat Kohli
D) Yuvraj Singh
E) Usain Bolt
Answer: D) Yuvraj Singh

Event and Location:

• Event: Yuvraj Singh’s appointment as an ambassador for the ICC Men’s T20 World Cup 2024.
• Location: Global announcement, with significant activities planned in the USA.

Mandates and Objectives:

• Objective: To leverage Yuvraj Singh’s iconic status and historic achievements in T20 cricket to promote the tournament and engage with fans, particularly highlighting his role in the upcoming India vs. Pakistan match in New York.

Important Terms Explained:

• ICC Men’s T20 World Cup: A global cricket tournament involving international teams competing in the Twenty20 format.
• Six Sixes in an Over: Refers to Yuvraj Singh hitting six sixes in a single over during the 2007 T20 World Cup, a rare and iconic cricketing feat.

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5. Which company has become FIFA’s Major Worldwide Partner through the end of 2027?
A) Aramco
B) Nike
C) Adidas
D) Coca-Cola
E) Visa
Answer: A) Aramco

Event and Location:

• Event: Aramco’s partnership with FIFA as a Major Worldwide Partner.
• Location: Global scope.

Mandates and Objectives:

• Objective: To leverage the global platform of football to drive innovation, development, and impactful social initiatives, aligning with FIFA’s mission to make football globally accessible and to enhance community engagement and development through sports.

Important Terms Explained:

• Major Worldwide Partner: A designation indicating a high level of sponsorship and collaboration, giving Aramco exclusive rights in the energy category for major FIFA events.
• Innovation in Sports: Refers to the application of new ideas, methods, or technologies to enhance the experience and management of sports events.

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6. Who has been named as the ambassador of the ICC Women’s T20 World Cup Qualifier 2024?
A) Javeria Khan
B) Sana Mir
C) Chamari Athapaththu
D) Meg Lanning
E) Heather Knight
Answer: B) Sana Mir

Event and Location:

• Event: Sana Mir’s appointment as the ambassador for the ICC Women’s T20 World Cup Qualifier 2024.
• Location: Abu Dhabi, UAE.

Mandates and Objectives:

• Objective: To leverage Sana Mir’s extensive experience and stature in women’s cricket to promote the tournament and mentor the participating teams.

Important Terms Explained:

• Ambassador: A role typically given to a prominent figure to promote and represent an event or organization, utilizing their influence and expertise.
• ICC Women’s T20 World Cup Qualifier: A tournament that determines which teams will participate in the ICC Women’s T20 World Cup, featuring both top-ranked sides and Associate Members.

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7. Which event did Laxita Sandilea win her second silver medal at the Asian U20 Athletics Championships?
A) Women’s 800m
B) Women’s 1500m
C) Women’s 5000m
D) Women’s 100m hurdles
E) Women’s 4x100m relay
Answer: B) Women’s 1500m

Event and Location:

• Event: Asian U20 Athletics Championships, Day 4.
• Location: Dubai

Mandates and Objectives:

• Objective: To highlight the performance of young athletes from India at the Asian U20 Athletics Championships and their achievements in various track and field events.

Important Terms Explained:

• U20: Refers to a category in sports competitions reserved for athletes who are under 20 years old.
• 1500m: A middle-distance track event where athletes run a distance of 1500 meters.

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Banking and Finance – Daily Current Affairs April 27 & 28

8. What was the net profit of SBI Cards in the January-March quarter?
A) Rs 578 crore
B) Rs 662 crore
C) Rs 944 crore
D) Rs 79,653 crore
E) Rs 50,846 crore
Answer: B) Rs 662 crore

Event and Location:

• Event: SBI Cards reported a net profit of Rs 662 crore in the January-March quarter.
• Location: India

Mandates and Objectives:

• Objective: The increase in net profit is attributed to growth in receivables and overall credit card spends, indicating strong financial performance and consumer credit activity.

Important Terms Explained:

• Receivables: Amounts due to be paid to a company by its customers.
• Basis Points (bps): A unit of measure used in finance to describe the percentage change in value or rate of a financial instrument.
• Net Interest Margin: A profitability metric that measures the difference between the interest income generated and the amount of interest paid out to lenders, relative to the amount of their interest-earning assets.

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9. What is the expected pricing per individual for the Bima Vistar insurance plan discussed at the IRDAI – Industry meet?
A) ₹1,000
B) ₹1,500
C) ₹2,000
D) ₹2,500
E) ₹3,000
Answer: B) ₹1,500

Event and Location:

• Event: Deliberation on the pricing of the Bima Vistar insurance plan at the IRDAI – Industry meet, Bima Manthan.
• Location: India

Mandates and Objectives:

• Objective: To finalize the pricing and modalities of the Bima Vistar plan, aiming to provide an affordable all-in-one insurance solution to individuals and families.

Important Terms Explained:

• Bima Vistar: An affordable, comprehensive insurance plan being discussed by IRDAI intended to cover multiple aspects under a single policy.
• IRDAI (Insurance Regulatory and Development Authority of India): The statutory body responsible for regulating and promoting the insurance and re-insurance industries in India.

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10. What must small finance banks demonstrate to become universal banks as per RBI’s recent criteria?
A) Rs 500 crore net worth
B) Three-year net profit
C) Stock exchange listing
D) 5% GNPA, 2% NNPA
E) Rs 1,000 crore net worth, two-year net profit
Answer: E) Rs 1,000 crore net worth, two-year net profit

Event and Location:

• Event: RBI’s invitation to small finance banks to apply for transitioning into universal banks.
• Location: India

Mandates and Objectives:

• Objective: To expand the operational scope and capabilities of small finance banks by upgrading them to universal banks, enhancing their ability to offer a wider range of financial services and contribute to financial inclusion and stability.

Important Terms Explained:

• Universal Bank: A type of bank that offers a wide range of financial services, including commercial and investment services.
• Small Finance Bank (SFB): A type of niche bank in India, mainly aimed at providing financial inclusion to sections of the economy not being served by other banks, such as small business units, small and marginal farmers, micro and small industries, and unorganized sector entities.
• Capital-to-Risk Weighted Assets Ratio (CRAR): A measure of a bank’s capital, expressed as a percentage of its risk-weighted credit exposures.

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11. What action has the RBI recently taken against Talkcharge Technologies?
A) Allowed new wallet services
B) Ordered a halt on PPI issuance
C) Increased wallet transaction limits
D) Authorized additional cashback services
E) Promoted the firm’s new features
Answer: B) Ordered a halt on PPI issuance

Event and Location:

• Event: RBI’s directive to Talkcharge Technologies to cease the issuance and operation of Prepaid Payment Instruments (PPIs).
• Location: India, specifically mentioning the company based in Gurugram.

Mandates and Objectives:

• Objective: To ensure regulatory compliance and protect consumer interests by stopping unauthorized financial operations and clarifying misinformation regarding cashback repayment demands.

Important Terms Explained:

• Prepaid Payment Instruments (PPIs): Financial instruments that facilitate the purchase of goods and services, including the transfer of funds, against the value stored on such instruments.
• Cashback: A form of incentive offered where a portion of the amount spent is returned to the customer, typically used in promotional strategies.

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12. What is the primary purpose of the programmable CBDC pilot launched by IndusInd Bank?
A) Digital currency testing
B) Environmental protection
C) Agricultural development
D) Farmer financial empowerment
E) Technology demonstration
Answer: D) Farmer financial empowerment

Event and Location:

• Event: Successful execution of the programmable CBDC pilot by IndusInd Bank.
• Location: Ratnagiri district, Maharashtra, India.

Mandates and Objectives:

• Objective: To utilize programmable Central Bank Digital Currency (CBDC) for disbursing funds to farmers as a means to enhance their financial empowerment and facilitate sustainable agricultural practices.

Important Terms Explained:

• Programmable CBDC: A digital form of currency issued by the central bank that can be programmed for specific uses, such as directing funds for designated purposes like generating carbon credits.
• Circularity Credits: Credits earned through recycling agricultural waste, aimed at promoting sustainable agricultural practices and environmental conservation.

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13. What did SEBI direct BSE to do regarding the fees on derivatives contracts?
A) Reduce the fees
B) Pay additional fees and interest
C) Stop derivatives trading
D) Increase trading volume
E) Change fee computation method
Answer: B) Pay additional fees and interest

Event and Location:

• Event: SEBI’s directive to the Bombay Stock Exchange (BSE) regarding fee discrepancies on derivatives contracts.
• Location: India

Mandates and Objectives:

• Objective: To rectify the incorrect fee payment method used by BSE for derivatives contracts and ensure regulatory compliance by collecting the correct fees with interest for past discrepancies.

Important Terms Explained:

• Derivatives Contracts: Financial instruments derived from an underlying asset, used for hedging risks or for speculation.
• Notional Value: The total value of a leveraged position’s assets. This term is used in the context of futures and options trading to describe the total amount controlled by the position.
• Premium Value: In options trading, this refers to the cost of purchasing an options contract, which is the price paid by the buyer to the seller.

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Business and Economy – Daily Current Affairs April 01

14. What is Deloitte’s GDP growth forecast for India for the fiscal year 2024-25 (FY25)?
A) 6.6%
B) 7%
C) 6.8%
D) 7.6%
E) 7.8%
Answer: A) 6.6%

Event and Location:

• Event: Deloitte’s forecast of India’s GDP growth for FY25.
• Location: India

Mandates and Objectives:

• Objective: Deloitte’s forecast is based on the expansion of the middle-income class in India, which is expected to boost private expenditure and overall economic growth.

Important Terms Explained:

• GDP (Gross Domestic Product): A monetary measure of the market value of all the final goods and services produced in a specific time period.
• Fiscal Year (FY): A year as reckoned for taxing or accounting purposes, which for India is from April 1 to March 31.

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Science and Technology – Daily Current Affairs April 27 & 28

15. What is the purpose of China’s Shenzhou-18 mission launched towards the Tiangong space station?
A) Satellite deployment
B) Astronaut transportation to the Moon
C) Cargo resupply mission
D) Crewed mission to the space station
E) Mars exploration
Answer: D) Crewed mission to the space station

Event and Location:

• Event: Launch of the Shenzhou-18 mission with three astronauts to the Tiangong space station.
• Location: Jiuquan Satellite Launch Centre, northwest China.

Mandates and Objectives:

• Objective: To advance China’s space capabilities, including long-term human habitation aboard the Tiangong space station and aiming for lunar exploration by 2030.

Important Terms Explained:

• Shenzhou-18: The name of the spacecraft, translating to “Divine Vessel,” which is part of China’s crewed space mission series.
• Tiangong Space Station: China’s modular space station, also known as “Heavenly Palace,” which serves as a research and habitation facility in orbit.

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International Affairs – Daily Current Affairs April 01

16. What is the purpose of the Hangor-class submarines being built for Pakistan by China?
A) Research and exploration
B) Enhanced trade routes
C) Bilateral military cooperation
D) Environmental monitoring
E) Commercial transportation
Answer: C) Bilateral military cooperation

Event and Location:

• Event: Launch of the first of eight Hangor-class submarines for Pakistan by China.
• Location: Wuchang Shipbuilding Industry Group’s Shuangliu Base, China.

Mandates and Objectives:

• Objective: To strengthen Pakistan’s maritime security capabilities and enhance the military cooperation between China and Pakistan, reflecting their strategic alliance.

Important Terms Explained:

• Hangor-class Submarines: Advanced submarines with stealth features, capable of operating in multi-threat environments and engaging targets at long ranges.
• Transfer of Technology (ToT): Agreement allowing the transfer of technical knowledge and machinery to enable the recipient to produce a product indigenously.

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National Affairs – Daily Current Affairs April 27 & 28

17. What action has the Agriculture Ministry recently taken regarding the use of pesticide formulations through drones?
A) Cancelled all permissions
B) Extended the approval for one year
C) Banned the use of drones in agriculture
D) Issued a new type of pesticide
E) Reduced the approved duration
Answer: B) Extended the approval for one year

Event and Location:

• Event: The Agriculture Ministry has extended the interim approval for the use of pesticide formulations through drones.
• Location: India

Mandates and Objectives:

• Objective: To continue promoting the application of agrochemicals through drone technology, which supports precision agriculture and conserves water.

Important Terms Explained:

• Drone Didi scheme: A scheme referenced by Durgesh Chandra from CropLife India, focusing on the use of drone technology to boost the agrochemical infrastructure.
• Precision Agriculture: A farming management concept based on observing, measuring, and responding to inter and intra-field variability in crops to optimize returns on inputs while preserving resources.

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18. What is the significance of Vizhinjam Port as described in recent updates?
A) India’s first deep water transshipment hub
B) A regular cargo port
C) A domestic-only port
D) A minor shipping terminal
E) A naval base
Answer: A) India’s first deep water transshipment hub

Event and Location:

• Event: The approval for Vizhinjam Port in Kerala to operate as a transshipment hub.
• Location: Vizhinjam, Kerala, India.

Mandates and Objectives:

• Objective: To transform Vizhinjam Port into India’s first transshipment hub, enhancing India’s capabilities in handling international cargo and reducing dependence on foreign ports for transshipment.

Important Terms Explained:

• Transshipment Port: A port where cargo is transferred from one ship to another, typically from larger vessels to smaller ones, to continue towards their final destination.
• Deep Water Port: A port that can accommodate very large vessels, such as Megamax containerships, which are among the largest in the world.

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