The purpose of the Daily Current Affairs 1 May 2024 MCQ and Quiz on BestHai.in is to provide a valuable resource for competitive exam preparation. It offers questions based on the most recent national and international events, helping you stay updated and practice for exams like UPSC, SSC, Banking, and Placement exams.
Daily Current Affairs 1 May 2024
| 1. | What is the primary reason for concern regarding India's import dependency on China as highlighted by the Global Trade Research Initiative (GTRI)? |
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A. Increase in trade deficit with China
B. Surge in Indian exports to China
C. Escalating dependence on Chinese imports
D. Decrease in bilateral trade agreements
View Answer Discuss Work SpaceAnswer: option c
Explanation:
The report by the Global Trade Research Initiative (GTRI) emphasizes India's growing dependence on Chinese imports, which has surged significantly over the past fifteen years, raising concerns about the country's reliance on imports from China.
| 2. | What is the newly introduced currency in Zimbabwe backed by? |
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A. Oil reserves
B. Gold reserves
C. Foreign currency reserves
D. Agricultural commodities
View Answer Discuss Work SpaceAnswer: option b
Explanation:
Zimbabwe has introduced a new currency called the ZiG (Zimbabwe Gold), which is backed by the country's gold reserves in an attempt to address its long-standing currency crisis.
| 3. | Which country recently unveiled the discovery of a speedy 90-million-year-old herbivore dinosaur? |
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A. Brazil
B. Argentina
C. Australia
D. Canada
View Answer Discuss Work SpaceAnswer: option b
Explanation:
Argentine scientists revealed the discovery of a novel herbivorous dinosaur, Chakisaurus nekul, which lived approximately 90 million years ago in present-day Patagonia, shedding light on its remarkable speed and unique tail anatomy.
| 4. | Why has the Uttarakhand government suspended the manufacturing licenses of 14 products from Patanjali Ayurved? |
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A. Violation of environmental regulations
B. Quality control issues
C. Misleading advertisements about product efficacy
D. Labor rights violations
View Answer Discuss Work SpaceAnswer: option c
Explanation:
The Uttarakhand government suspended the manufacturing licenses of 14 products from Patanjali Ayurved due to misleading advertisements about their efficacy, as cited by the government amid ongoing scrutiny and legal proceedings against the company's founder, Baba Ramdev.
| 5. | Why did the RBI revoke the license of Acemoney (India) Limited? |
|---|
A. Excessive risk-taking in investments
B. Inadequate customer service
C. Irregular lending practices
D. Non-compliance with tax regulations
View Answer Discuss Work SpaceAnswer: option c
Explanation:
The Reserve Bank of India (RBI) revoked the license of Acemoney (India) Limited, a non-banking financial company (NBFC), citing irregular lending practices, including excessive interest charges and inadequate protection of customer information.
Daily Current Affairs 1 May 2024 FAQ
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