Current Affairs Quiz 12th December 2023
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1. This quiz, that is the Current Affairs Quiz 12th December2023, is meant to be a check for your learning and is meant to serve as a tool for assessment.
2. Current Affairs Quiz 12th December2023 is designed to check your Current Affairs General Knowledge and provide you with an assessment of the same.
3. Each question in Current Affairs Quiz 12th December2023 followed by 4 options. Select the most appropriate option for the question.
4. Before you take this quiz, we would recommend to you to go through the article,Daily Current Affairs Today 12th December2023
Question 1:
What is the current repo rate as decided by the RBI’s Monetary Policy Committee?
A) 5.5%
B) 7.5%
C) 6.5%
D) 6.0%
Answer and Explanation
- Explanation: The RBI’s Monetary Policy Committee has kept the repo rate unchanged at 6.5%.
Question 2:
What is the RBI’s revised projection for India’s GDP growth for FY23-24?
A) 7.5%
B) 7%
C) 6%
D) 6.5%
Answer and Explanation
- Explanation: The RBI revised its GDP growth projection for FY23-24 to 7%, up from the previous estimate of 6.5%.
Question 3:
What is the new UPI transaction limit for hospitals and educational institutions?
A) Rs 2 lakhs
B) Rs 5 lakhs
C) Rs 1 lakh
D) Rs 3 lakhs
Answer and Explanation
- Explanation: The RBI increased the UPI payment limit for hospitals and educational institutions from Rs 1 lakh to Rs 5 lakhs.
Question 4:
What is the main focus of the regulatory framework for web-based loan aggregators set by RBI?
A) Reducing interest rates
B) Enhancing transparency and customer-centricity
C) Increasing loan amounts
D) Shortening loan approval times
Answer and Explanation
- Explanation: The RBI’s regulatory framework for web-based loan aggregators aims to enhance transparency and customer-centricity.
Question 5:
What is the RBI developing for the financial sector?
A) A new digital currency
B) A dedicated cloud facility
C) An AI-driven analysis tool
D) A blockchain platform
Answer and Explanation
- Explanation: The RBI is actively working on a dedicated cloud facility specifically for the financial sector.
Question 6:
What has the RBI authorized for liquidity facilities during weekends and holidays?
A) Cancellation
B) Reversal
C) Doubling
D) Suspension
Answer and Explanation
- Explanation: The RBI allows the reversal of liquidity facilities like SDF and MSF during weekends and holidays.
Question 7:
As per the DICGC report, what is the ratio of insured deposits to assessable deposits in FY2023?
A) 46.31%
B) 50.75%
C) 55.20%
D) 40.89%
Answer and Explanation
- Explanation: The ratio of insured deposits to assessable deposits has declined to 46.31% in FY2023, according to the DICGC report.
Question 8:
Where is the DICGC headquartered?
A) New Delhi
B) Mumbai
C) Bengaluru
D) Kolkata
Answer and Explanation
- Explanation: The DICGC, a specialized division of the RBI under the Ministry of Finance, is headquartered in Mumbai.
Question 9:
Which country will host the 27th WAIPA World Investment Conference?
A) Japan
B) Germany
C) India
D) USA
Answer and Explanation
- Explanation: India is set to host the largest-ever World Investment Conference.
Question 10:
How much did India spend on climate adaptation in 2021-22?
A) Rs 10 lakh crore
B) Rs 13.35 lakh crore
C) Rs 15 lakh crore
D) Rs 9 lakh crore
Answer and Explanation
- Explanation: In the fiscal year 2021-22, India allocated Rs 13.35 lakh crore for climate adaptation measures.
Question 11:
When was the PM Formalization of Micro Food Processing Enterprises Scheme launched?
A) 2018
B) 2019
C) 2020
D) 2021
Answer and Explanation
- Explanation: The PM Formalization of Micro Food Processing Enterprises Scheme was launched in 2020 with a Rs. 10,000 Crore outlay.
Question 12:
Who inaugurated the 4E Wave in Jammu?
A) Amit Shah
B) Narendra Modi
C) R. K. Singh
D) Nirmala Sitharaman
Answer and Explanation
- Explanation: Union Minister R. K. Singh launched the 4E Wave in Jammu, a student-led National Movement for Energy Conservation.
Question 13:
Which two countries signed a Defence Cooperation Agreement granting the USA access to military bases?
A) Sweden and Norway
B) Sweden and the USA
C) Norway and the USA
D) Finland and Sweden
Answer and Explanation
- Explanation: Sweden signed an agreement with the United States, allowing the latter access to its military bases.
Question 14:
What was the reason for the postponement of Argentina’s entry into BRICS?
A) Economic instability
B) Potential foreign policy changes
C) Geopolitical tensions
D) Internal political issues
Answer and Explanation
- Explanation: Argentina’s entry into BRICS was postponed due to potential foreign policy changes under a new right-wing leadership.
Question 15:
What scheme did Telangana’s Chief Minister Revanth Reddy launch?
A) Maha Lakshmi Scheme
B) Nava Nirman Scheme
C) Haritha Haram Scheme
D) Arogya Lakshmi Scheme
[learn
_more caption=”Answer and Explanation”]Answer: A) Maha Lakshmi Scheme
- Explanation: Chief Minister Revanth Reddy launched the Maha Lakshmi Scheme for free bus travel and expanded the Rajiv Aarogyasri Scheme.
[/learn_more]
Question 16:
Who is the Chairman of the World Radiocommunication Conference 2023?
A) Mohammed Al Ramsi
B) Abdullah Al Hashimi
C) Khalid Al Falih
D) Ahmed Al Sayegh
Answer and Explanation
- Explanation: Mohammed Al Ramsi of the UAE has been appointed as the Chairman of the WRC 2023.
Question 17:
Which company is acquiring Kesoram Industries’ cement business?
A) Ambuja Cements
B) ACC
C) Shree Cement
D) UltraTech
Answer and Explanation
- Explanation: UltraTech is set to acquire Kesoram Industries’ cement business in an all-stock deal.
Question 18:
Which organization did NMCG sign an agreement with for the Global River Cities Alliance?
A) Amazon River Initiative
B) Nile River Project
C) Mississippi River Cities and Towns Initiative
D) Yangtze River Alliance
Answer and Explanation
- Explanation: The National Mission for Clean Ganga signed an agreement with the Mississippi River Cities and Towns Initiative.
Question 19:
What rank did India achieve in the Climate Change Performance Index (CCPI) 2024?
A) 1st
B) 10th
C) 5th
D) 7th
Answer and Explanation
- Explanation: India secured the 7th position in the Climate Change Performance Index (CCPI) 2024.
Question 20:
Who inaugurated the first-ever Khelo India Para Games?
A) Anurag Singh Thakur
B) Kiren Rijiju
C) Rajyavardhan Singh Rathore
D) Prakash Javadekar
Answer and Explanation
- Explanation: Union Minister Anurag Singh Thakur inaugurated the first Khelo India Para Games in New Delhi.
Question 21:
What was the age of Communist Leader Kanam Rajendran at the time of his passing?
A) 73 years
B) 76 years
C) 69 years
D) 80 years
Answer and Explanation
- Explanation: Kanam Rajendran, a veteran Communist leader and CPI Kerala secretary, passed away at the age of 73 in Kochi, Kerala.
