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Current Affairs Quiz 25th December 2023

Directions for the quiz:

1. This quiz, that is the Current Affairs Quiz 25th December2023, is meant to be a check for your learning and is meant to serve as a tool for assessment.

2. Current Affairs Quiz 25th 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 25th 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 25th December2023

 

 

Question 1:
What is the amount of the Line of Credit (LoC) signed between SBI and the World Bank to support rooftop solar projects in India?

A) 165 million dollars
B) Rs 1,800 crore
C) 2.3 billion dollars
D) Rs 630 crore

Answer and Explanation

Answer: A

  • Explanation: The correct answer is A. SBI signed a $165 million LoC with the World Bank to promote rooftop solar projects in India.

 

 

Question 2:
Which bank was appointed to manage revenue collections for Assam’s eGRAS portal?

A) Axis Bank
B) Kotak Mahindra Bank
C) Bandhan Bank
D) State Bank of India

Answer and Explanation

Answer: C

  • Explanation: The correct answer is C. Bandhan Bank has been given the mandate to oversee revenue collection on the Assam government’s eGRAS portal.

 

 

Question 3:
What is the purpose of the expert committee constituted by IFSCA?

A) To promote electric vehicles
B) To formulate a regulatory framework for green and sustainable debt securities
C) To oversee the distribution of tax devolution to states
D) To launch new credit card products

Answer and Explanation

Answer: B

  • Explanation: The correct answer is B. IFSCA constituted an expert committee on transition finance to formulate a regulatory framework to promote green and sustainable debt securities.

 

 

Question 4:
Which collaboration introduced the Axis Bank Privilege Credit Card on the Amex network?

A) Axis Bank and American Express
B) Axis Bank and Kotak Mahindra Bank
C) Axis Bank and State Bank of India
D) Axis Bank and Bandhan Bank

Answer and Explanation

Answer: A

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  • Explanation: The correct answer is A. Axis Bank collaborated with American Express to introduce the Axis Bank Privilege Credit Card on the Amex network.

 

 

Question 5:
What does T.U.L.I.P stand for in the new insurance product launched by Kotak Mahindra Life Insurance?

A) Term with Universal Life Insurance Plan
B) Term with Unique Life Insurance Policy
C) Term with UnitLinked Insurance Plan
D) Term with Unified Life Insurance Program

Answer and Explanation

Answer: C

  • Explanation: The correct answer is C. T.U.L.I.P is a Term with UnitLinked Insurance Plan introduced by Kotak Mahindra Life Insurance.

 

 

Question 6:
What new method did PFRDA introduce for NPS contributions?

A) NEFT
B) Cheque payments
C) UPI QR code
D) Direct cash deposits

Answer and Explanation

Answer: C

  • Explanation: The correct answer is C. PFRDA now allows National Pension System (NPS) subscribers to make contributions via UPI QR code.

 

 

Question 7:
How much subsidy has the Indian government provided for Electric Vehicles in 2023?

A) Rs 5,228 crore
B) Rs 16,000 crore
C) Rs 800 crore
D) Rs 72,961 crore

Answer and Explanation

Answer: A

  • Explanation: The correct answer is A. The government provided a subsidy of Rs 5,228 crore to incentivize Electric Vehicles in 2023.

 

 

Question 8:
Which state received the largest share of tax devolution from the Centre?

A) West Bengal
B) Madhya Pradesh
C) Uttar Pradesh
D) Bihar

Answer and Explanation

Answer: C

  • Explanation: The correct answer is C. Uttar Pradesh received the largest share in the Rs 72,961 crore tax devolution to states.

 

 

Question 9:
What distinctive feature is included in the new logo of ICAI?

A) An inverted tricolor tick mark
B) A green circle
C) A red lotus
D) A blue globe

Answer and Explanation

Answer: A

  • Explanation: The correct answer is A. The new logo of ICAI features the letters ‘CA’ in blue with an upsidedown tricolor tick mark.

 

 

Question 10:
What is the target number of crèches to be opened under the National Programme on AnganwadicumCrèches?

A) 10,000
B) 12,000
C) 15,000
D) 17,000

Answer and Explanation

Answer: D

  • Explanation: The correct answer is D. The government plans to open 17,000 creches across the country under the National Programme on AnganwadicumCrèches.

 

 

Question 11:
What does the report released by NITI Aayog focus on?

A) Digital currency and blockchain technology
B) Green and sustainable growth for the global economy
C) Cybersecurity measures in India
D) Technological advancements in agriculture

Answer and Explanation

Answer: B

  • Explanation: The correct answer is B. NITI Aayog released a report titled ‘A Green and Sustainable Growth Agenda for the Global Economy.’

 

 

Question 12:
For which Assessment Year were the new ITR forms, ITR1 (SAHAJ) and ITR4 (SUGAM), notified by CBDT?

A) 202324
B) 202425
C) 202526
D) 202223

Answer and Explanation

Answer: B

  • Explanation: The correct answer is B. CBDT notified new ITR forms, ITR1 (SAHAJ) and ITR4 (SUGAM), for the Assessment Year 202425.

Question 13:
When will the UK government implement the carbon border tax on imported steel?

A) 2025
B) 2026
C) 2027
D) 2024

Answer and Explanation

Answer: C

  • Explanation: The correct answer is C. The UK government plans to implement a carbon border tax on imported steel, starting in 2027.

 

 

Question 14:
What was the basis for the Colorado Supreme Court’s decision to exclude Donald Trump from the 2024 presidential election ballot?

A) His political stance
B) His business conflicts
C) His involvement in the January 6 Capitol attacks
D) His previous presidential term

Answer and Explanation

Answer: C

  • Explanation: The correct answer is C. The Colorado Supreme Court ruled to exclude Trump from the ballot based on his alleged involvement in the January 6, 2021, attacks on the US Capitol, referencing Section Three of the Fourteenth Amendment.
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