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Current Affairs Quiz 7th January 2024

Directions for the quiz:

1. This quiz, that is the Current Affairs Quiz 7th January2024, is meant to be a check for your learning and is meant to serve as a tool for assessment.

2. Current Affairs Quiz 7th January2024 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 7th January2024 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 7th January2024

 

 

Question 1:

What is the investment limit set by RBI for individual investors in Commercial Papers (CPs) and NonConvertible Debentures (NCDs)?

A) 50% of the issue size

B) 10% of the issue size

C) 25% of the issue size

D) 35% of the issue size

Answer and Explanation

Answer: C) 25% of the issue size

  • Explanation: The RBI has capped the investment limit for individual investors in CPs and NCDs at 25% of the issue size to safeguard them from potential losses in case of issuer defaults.

 

 

Question 2:

Which of the following institutions has Paytm partnered with for mobile payments?

A) Delhi Nagar Nigam

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B) Mumbai Municipal Corporation

C) Ayodhya Nagar Nigam

D) Bangalore City Corporation

Answer and Explanation

Answer: C) Ayodhya Nagar Nigam

  • Explanation: Paytm entered into a partnership with Ayodhya Nagar Nigam to enable mobile payments, indicating a strategic move to facilitate seamless payment services.

 

 

Question 3:

How much additional funding has the Union Finance Ministry approved for the FAME II scheme?

A) Rs 1,000 crore

B) Rs 2,000 crore

C) Rs 1,500 crore

D) Rs 1,200 crore

Answer and Explanation

Answer: C) Rs 1,500 crore

  • Explanation: The Union Finance Ministry approved an additional Rs 1,500 crore for the FAME II program to support the adoption and manufacturing of electric vehicles in India.

 

 

Question 4:

Who chaired the Inland Waterways Development Council Meeting in Kolkata?

A) Amit Shah

B) Sarbananda Sonowal

C) Nitin Gadkari

D) Piyush Goyal

Answer and Explanation

Answer: B) Sarbananda Sonowal

  • Explanation: Union Minister Sarbananda Sonowal chaired the Inland Waterways Development Council meeting in Kolkata, focusing on initiatives like Harit Nauka and River Cruise Tourism Roadmap 2047.

 

 

Question 5:

What is the primary occupation of the Hatti community in Himachal Pradesh?

A) Textile manufacturing

B) IT and software development

C) Agriculture and selling homegrown products

D) Tourism and hospitality

Answer and Explanation

Answer: C) Agriculture and selling homegrown products

  • Explanation: The Hatti community, which recently received Scheduled Tribes status in Himachal Pradesh, primarily engages in agriculture and sells homegrown crops, vegetables, meat, and wool.

 

 

Question 6:

Which country introduced the “workation” visa?

A) Japan

B) South Korea

C) Canada

D) Australia

Answer and Explanation

Answer: B) South Korea

  • Explanation: South Korea introduced the “workation” visa, catering to foreign nationals who wish to work remotely while staying in the country.

 

 

Question 7:

Where is VinFast planning to establish its EV manufacturing facility in India?

A) Mumbai, Maharashtra

B) Bengaluru, Karnataka

C) Thoothukudi, Tamil Nadu

D) Hyderabad, Telangana

Answer and Explanation

Answer: C) Thoothukudi, Tamil Nadu

  • Explanation: VinFast, a Vietnamese automaker, is planning to set up an electric vehicle manufacturing facility in Thoothukudi, near Chennai, in Tamil Nadu.

 

 

Question 8:

Who has been elected as the new president of the All India Rubber Industries Association (AIRIA)?

A) Zafar Ahmed

B) Shashi Singh

C) Indra Parekh

D) Ramesh Kejriwal

Answer and Explanation

Answer: B) Shashi Singh

  • Explanation: Shashi Singh was elected as the new president of AIRIA, succeeding Mr. Ramesh Kejriwal.

 

 

Question 9:

Which sports minister inaugurated the Beach Games at Ghogh

la Beach in Diu?

A) Kiren Rijiju

B) Rajyavardhan Singh Rathore

C) Anurag Thakur

D) Vijay Goel

Answer and Explanation

Answer: C) Anurag Thakur

  • Explanation: Union Sports Minister Anurag Thakur inaugurated the Beach Games at Ghoghla Beach in the union territory of Diu.

 

 

Question 10:

Which Brazilian football legend, a fourtime FIFA World Cup champion, recently passed away?

A) Pelé

B) Ronaldinho

C) Ronaldo

D) Mario Zagallo

Answer and Explanation

Answer: D) Mario Zagallo

  • Explanation: Mario Zagallo, known for winning two World Cups as a player and two more in coaching roles for Brazil, recently passed away.

 

 

Question 11:

By how much did India’s toy exports grow from 201415 to 202223?

A) 139%

B) 239%

C) 339%

D) 439%

Answer and Explanation

Answer: B) 239%

  • Explanation: Toy exports from India saw a significant increase of 239%, rising from $96 million in 201415 to $326 million in 202223, indicating a robust demand for Indianmade toys in the global market.
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