18th May 2024 Current Affairs Quiz: Welcome to the 18th May 2024 Current Affairs Quiz, where we test your knowledge on the latest events, developments, and noteworthy occurrences from around the world. Stay updated and informed as we navigate through a diverse range of topics, including politics, economy, science, technology, sports, and more. This quiz serves as a platform to challenge your understanding of current affairs while providing insights into global trends and significant happenings that shape our world. Get ready to put your knowledge to the test and discover what’s making headlines on this day in 2024.
18th May 2024 Current Affairs Quiz | Today GK Quiz
1. What is the date of World AIDS Vaccine Day?
A) 16th May
B) 18th May
C) 20th May
D) 22nd May
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Answer: B) 18th May 2024
Explanation: World AIDS Vaccine Day, also known as HIV Vaccine Awareness Day, is observed annually on May 18th.
2. Who emphasized the critical importance of developing a vaccine to halt the spread of the HIV/AIDS epidemic?
A) Barack Obama
B) Bill Clinton
C) George Bush
D) Ronald Reagan
Answer: B) Bill Clinton
Explanation: Then-President Bill Clinton delivered a speech at Morgan State University on 18th May 1997, emphasizing the critical importance of developing a vaccine to halt the spread of the HIV/AIDS epidemic.
3. Which Indian public sector company is leading the charge in seeking overseas critical mineral assets?
A) Coal India
B) NMDC
C) ONGC Videsh Ltd (OVL)
D) Khanij Bidesh India Ltd (KABIL)
Answer: C) ONGC Videsh Ltd (OVL)
Explanation: ONGC Videsh Ltd (OVL), the overseas investment arm of Oil and Natural Gas Corporation (ONGC), is playing a significant role in the overseas venture to seek critical mineral assets.
4. Which joint venture of Indian PSUs is dedicated to scouting for mineral assets overseas?
A) Coal India
B) NMDC
C) ONGC Videsh Ltd (OVL)
D) Khanij Bidesh India Ltd (KABIL)
Answer: D) Khanij Bidesh India Ltd (KABIL)
Explanation: Khanij Bidesh India Ltd (KABIL), a joint venture of three PSUs – National Aluminium Company Ltd (Nalco), Hindustan Copper Ltd (HCL), and Mineral Exploration and Consultancy Ltd (MECL), is dedicated to scouting for mineral assets overseas.
5. What was the percentage increase in India’s merchandise exports in April?
A) 5%
B) 1%
C) 10%
D) 15%
Answer: B) 1%
Explanation: India’s merchandise exports saw a modest 1% increase in April, reaching $34.99 billion.
6. What contributed to the widening of India’s trade deficit in April?
A) Decrease in imports of gold and crude oil
B) Increase in exports of electronics and pharmaceuticals
C) Increase in imports of gold and crude oil
D) Decrease in exports of chemicals and petroleum products
Answer: C) Increase in imports of gold and crude oil
Explanation: The widening of India’s trade deficit in April was attributed to the significant increase in imports, particularly gold and crude oil.
7. How many transactions were recorded on the ONDC platform in April?
A) 5 million
B) 7 million
C) 10 million
D) 12 million
Answer: B) 7 million
Explanation: The DPIIT reported over 7 million transactions on the ONDC platform in April this year.
8. What role do startups play in the ONDC ecosystem?
A) Startups have no involvement in the ONDC ecosystem
B) Startups only participate as consumers on the ONDC platform
C) Startups drive innovation and foster competition within the ONDC ecosystem
D) Startups solely rely on larger counterparts for growth in the ONDC ecosystem
Answer: C) Startups drive innovation and foster competition within the ONDC ecosystem
Explanation: Startups play a pivotal role in driving innovation and fostering competition within the ONDC ecosystem, as emphasized by the Joint Secretary of DPIIT.
9. What is the range of basis points (bps) by which SBI has increased short-term retail fixed deposit rates?
A) 50 – 100 bps
B) 25 – 75 bps
C) 10 – 50 bps
D) 75 – 125 bps
Answer: B) 25 – 75 bps
Explanation: SBI has increased short-term retail fixed deposit rates by 25 – 75 basis points (bps), marking its first interest rate hike since December.
10. What is the primary reason behind SBI’s decision to adjust interest rates on fixed deposits?
A) Decrease in credit demand
B) Increase in liquidity
C) Rising credit demand and falling liquidity
D) Stagnant economic conditions
Answer: C) Rising credit demand and falling liquidity
Explanation: SBI adjusted interest rates on fixed deposits in response to rising credit demand and falling liquidity.
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