Current Affairs Questions and Answers 31 January 2024

Q: Which ministry's tableau secured the first prize at the Republic Day Parade 2024?

The tableau of the Ministry of Culture has secured the first prize at the Republic Day Parade 2024. The tableau, a stunning blend of tradition and innovation, captivated audiences with its masterful use of the anamorphic technique alongside a rich display of Bharat's cultural heritage - often hailed as the mother of democracy.

Table of Contents

31 January 2024 Current Affairs Questions And Answers: Here, we are providing the Current Affairs Questions and Answers for 31 January 2024. These types of topics are important for candidates who prepare for Bank Exam 2023. In this article, we are covering the following topics Headlines:

Laghu Bana Jatya Drabya Kraya
THDCIL’s Green Hydrogen Pilot Project
Bank of Baroda’s card subsidiary
President of Comoros
Bhutan’s current prime minister
15-year LNG Sale and Purchase Agreement (SPA)
Union Budget in 2024

31st January Current Affairs 2024 Quiz

The Current Affairs 2023 section constitutes a major part of the General Awareness section in a competitive examination and plays an instrumental role. To supplement your preparation for the General Awareness Section of the upcoming exams like IBPS PO/Clerk Mains, SBI PO Mains and SEBI Grade A Prelims, we are providing you 31st January Current Affairs 2024 Quiz covering the following topics Headlines: Laghu Bana Jatya Drabya Kraya, THDCIL’s Green Hydrogen Pilot Project, Bank of Baroda’s card subsidiary, President of Comoros, Bhutan’s current prime minister, 15-year LNG Sale and Purchase Agreement (SPA), Union Budget in 2024.

Q1. What does LABHA stand for in the context of Odisha’s new scheme?

(a) Local Agricultural Beneficiary and Harvesting Act

(b) Laghu Bana Jatya Drabya Kraya

(d) Livelihood Advancement for Backward and Hill Areas

(e) Land and Agriculture-Based Harvesting Assistance

Q2. What is the current global rank of India’s equity market by market capitalization?

(a) 3rd

(b) 4th

(d) 6th

(e) 7th

Q3. Where is THDCIL’s Green Hydrogen Pilot Project located?

(a) Delhi

(b) Bangalore

(d) Kolkata

(e) Rishikesh

Q4. What is the new name of Bank of Baroda’s card subsidiary?

(a) BOB Cards

(b) Baroda Credit Solutions

(d) BOB Financial Reimagined

(e) Baroda Credit Innovations

Q5. Who has been re-elected for a fourth term as President of Comoros?

(a) Mouigni Baraka Said Soilihi

(b) International observers

(d) Azali Assoumani

(e) Opposition candidates

Q6. How many consecutive months has India’s headline retail inflation remained above the Reserve Bank of India’s medium-term target of 4%?

(a) 40 months

(b) 51 months

(d) 60 months

(e) 45 months

Q7. Who is Bhutan’s current prime minister?

(a) Tshering Tobgay

(b) King Jigme Khesar Namgyel Wangchuck

(d) Jigme Singye Wangchuck

(e) Lyonchen Dasho Jigme Palden Dorji

Q8. Who recently finalized a 15-year LNG Sale and Purchase Agreement (SPA) with Excelerate Energy for supplying LNG to Bangladesh?

(a) ExxonMobil

(b) Chevron

(d) TotalEnergies

(e) Shell

Q9. How many interim budgets will have been presented by the time of the Union Budget in 2024?

(a) 10

(b) 17

(d) 20

(e) 15

Q10. From which date do the revised instructions on eligibility norms for UCBs come into force?

(a) September 4, 2023

(b) July 19, 2022

(d) October 15, 2022

(e) August 8, 2023

Q11. Who recently joined the Coalition for Epidemic Preparedness Innovations (CEPI) network of vaccine producers in the Global South?

(a) Pfizer

(b) Moderna

(d) Johnson & Johnson

(e) AstraZeneca

Q12. With which country’s gas company has GAIL recently entered into a long-term LNG contract to procure 0.5 million tonnes annually for a decade?

(a) Qatar

(b) United Arab Emirates (UAE)

(d) Oman

(e) Kuwait

Q13. Which ministry’s tableau secured the first prize at the Republic Day Parade 2024?

(a) Ministry of Home Affairs

(b) Ministry of Defense

(d) Ministry of Culture

(e) Ministry of External Affairs

Q14. Which film secured the highest number of nominations at the 96th annual Academy Awards?

(a) Poor Things

(b) Barbie

(d) Oppenheimer

(e) Maestro

Q15. What is the total number of Snow leopards reported in the Snow Leopard Population Assessment in India (SPAI) Program?

(a) 543

(b) 601

(d) 825

(e) 900

Solutions

S1. Ans.(b)

Sol. In a significant move, the Odisha Government, under the leadership of Chief Minister Naveen Patnaik, has unveiled the ‘LABHA’ scheme (Laghu bana jatya drabya kraya) aimed at the development and empowerment of approximately one crore tribals in the state.

S2. Ans.(b)

Sol. India’s equity market recently became the 4th largest globally with a market capitalization of $4.33 trillion.

S3. Ans.(e)

Sol. THDC India Limited (THDCIL) inaugurated India’s Largest Electrolyser End Fuel Cell-based Green Hydrogen Pilot Project in Rishikesh on the 75th Republic Day. The initiative, aligned with the “National Green Hydrogen Mission,” signifies THDCIL’s commitment to sustainable energy practices and showcases key technologies in Green Hydrogen Production.

S4. Ans.(c)

Sol. Bank of Baroda’s card subsidiary, BOB Financial Solutions Limited, undergoes a strategic makeover, now named BOBCARD Limited, with a focus on revolutionizing credit experiences.

S5. Ans.(d)

Sol. Comoros President Azali Assoumani secured a disputed fourth term with 63% of the vote, prompting opposition allegations of fraud. Despite international observers citing overall fairness, low voter turnout at 16% and protests in the capital underscore the contentious nature of the election.

S6. Ans.(b)

Sol. 51 months. Retail inflation has exceeded the RBI’s 4% target for 51 consecutive months.

S7. Ans.(a)

Sol. Bhutan’s People’s Democratic Party leader, Tshering Tobgay, starts his second term as prime minister, facing the dual challenges of reviving the economy post-COVID-19 and maintaining regional ties, particularly with India, amid ongoing border negotiations with China.

S8. Ans.(c)

Sol. In a landmark development, QatarEnergy and Excelerate Energy have formalized a 15-year LNG Sale and Purchase Agreement (SPA) aimed at bolstering Bangladesh’s energy sector. The SPA outlines Excelerate’s procurement of up to one million tons per annum (MTPA) of LNG from QatarEnergy, with deliveries commencing in January 2026 to floating storage and regasification units in Bangladesh.

S9. Ans.(e)

Sol. The Union Budget of 2024 will mark the 15th interim budget, as interim budgets are presented when Lok Sabha elections are imminent.

S10. Ans.(c)

Sol. In a recent announcement, the Reserve Bank of India (RBI) has updated eligibility norms for urban co-operative banks (UCBs) to be included in the Second Schedule of the RBI Act. The move aligns with the Revised Regulatory Framework, emphasizing financial soundness and regulatory compliance. Effective from January 17, 2024.

S11. Ans.(c)

Sol. SII has recently joined CEPI’s network of vaccine producers in the Global South to enhance global health preparedness.

S12. Ans.(b)

Sol. GAIL, India’s leading gas company, has made significant strides in enhancing its liquefied natural gas (LNG) portfolio through a recent partnership with the United Arab Emirates’ (UAE) ADNOC Gas. Under this deal, GAIL is set to procure 0.5 million tonnes of LNG annually for a decade, marking a crucial step towards meeting India’s growing demand for natural gas.

S13. Ans.(d)

Sol. The tableau of the Ministry of Culture has secured the first prize at the Republic Day Parade 2024. The tableau, a stunning blend of tradition and innovation, captivated audiences with its masterful use of the anamorphic technique alongside a rich display of Bharat’s cultural heritage – often hailed as the mother of democracy.

S14. Ans.(d)

Sol. Christopher Nolan’s “Oppenheimer” secured an impressive 13 major nominations, making it the film with the highest number of nominations.

S15. Ans.(c)

Sol. Snow Leopard Population Assessment in India (SPAI) Program. The SPAI, a rigorous and systematic effort, reports the presence of 718 Snow leopards in India. This program was coordinated by the Wildlife Institute of India (WII) and supported by snow leopard range states, the Nature Conservation Foundation, Mysuru, and WWF-India.