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Current Affairs Quiz 10th June 2023

Directions for the quiz:

1. This quiz, that is the Current Affairs Quiz 10th June 2023, is meant to be a check for your learning and is meant to serve as a tool for assessment.

2. Current Affairs Quiz 10th June 2023 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 10th June 2023 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 10th June 2023

 

Question 1:

What is the primary focus of the US-UK “Atlantic Declaration”?

A) Pursuing a post-Brexit free-trade agreement.

B) Addressing challenges posed by Russia and China.

C) Promoting industry collaboration in renewable energy.

D) Tackling transnational issues like climate change.

Answer and Explanation

Answer: B

  • Explanation: The “Atlantic Declaration” primarily aims to address challenges posed by Russia and China, as well as economic instability. It also promotes industry collaboration in renewable energy and acknowledges the need to tackle transnational issues.

 

Question 2:

Why did the Reserve Bank of India (RBI) allow insurance companies to participate in the trade receivables discounting system (TReDS)?

A) To encourage competition among insurance companies.

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B) To enhance cash flows for Micro, Small, and Medium Enterprises (MSMEs).

C) To reduce transparency in trade receivables financing.

D) To restrict the scope of TReDS.

Answer and Explanation

Answer: B

  • Explanation: The RBI’s decision to involve insurance companies in TReDS is aimed at improving cash flows for MSMEs.

 

Question 3:

Who has been appointed as the Chairman and MD (CMD) of the General Insurance Corporation of India (GIC Re) in the FSIB announcement?

A) M Rajeswari Singh

B) Sat Pal Bhanoo

C) N Ramaswamy

D) Suchita Gupta

Answer and Explanation

Answer: C

  • Explanation: N Ramaswamy has been appointed as the Chairman and MD (CMD) of GIC Re.

 

Question 4:

What is the main purpose of the Memorandum of Understanding (MoU) signed between IICA and RRU?

A) Enhancing capacity building in the field of sports.

B) Promoting financial crimes.

C) Advancing research and education in internal security and corporate fraud.

D) Facilitating trade receivables discounting.

Answer and Explanation

Answer: C

  • Explanation: The MoU between IICA and RRU is aimed at advancing research and education in internal security and corporate fraud.

 

Question 5:

According to Mercer’s Cost of Living survey, which Indian city is identified as the costliest for expatriates?

A) Bengaluru

B) New Delhi

C) Mumbai

D) Hyderabad

Answer and Explanation

Answer: C

  • Explanation: Mumbai is identified as the costliest Indian city for expatriates according to Mercer’s Cost of Living survey.

 

Question 6:

What is the objective of allowing insurance companies to participate in the trade receivables discounting system (TReDS) in India?

A) To limit cash flows for MSMEs.

B) To promote financial secrecy.

C) To enhance cash flows for MSMEs and promote transparency.

D) To restrict the operations of TReDS.

Answer and Explanation

Answer: C

  • Explanation: Allowing insurance companies to participate in TReDS is intended to enhance cash flows for MSMEs and promote transparency in trade receivables financing.

 

Question 7:

Who has been appointed as the non-executive chairman of TransUnion CIBIL?

A) V Anantharaman

B) Sat Pal Bhanoo

C) Suchita Gupta

D) N Ramaswamy

Answer and Explanation

Answer: A

  • Explanation: V Anantharaman has been appointed as the non-executive chairman of TransUnion CIBIL.


Question 8:

What is the projected size of India’s internet economy by 2030, as per the joint report by Google, Temasek, and Bain & Company?

A) $175 billion

B) $500 billion

C) $1 trillion

D) $10 trillion

Answer and Explanation

Answer: C

  • Explanation: The joint report by Google, Temasek, and Bain & Company projects that India’s internet economy will reach $1 trillion by 2030.
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