Current Affairs Quiz 1st September 2023

Directions for the quiz:

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

2. Current Affairs Quiz 1st September 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 1st September 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 1st September 2023

Question 1:
Which country recently initiated its first Islamic banking pilot program?

A) India
B) Gabon
C) Russia
D) Kazakhstan

Answer and Explanation

Answer: C

  • Explanation: The correct answer is C. Russia began its first Islamic banking trial on September 1 to capitalize on the potential of Shariah-compliant finance.

Question 2:
How many coups have West and Central Africa witnessed since 2020?

A) 5
B) 6
C) 8
D) 7

Answer and Explanation

Answer: C

  • Explanation: The correct answer is C. There have been eight coups in West and Central Africa since 2020, indicating democratic challenges in the area.

Question 3:
Where is India’s most significant domestically-built nuclear plant located?

A) Rajasthan
B) Kakrapar, Gujarat
C) Tamil Nadu
D) Maharashtra

Answer and Explanation

Answer: B

  • Explanation: The correct answer is B. The 700 MW nuclear power facility is in Kakrapar, Gujarat.

Question 4:
Who was the first Finance Minister of independent India?

A) Piyush Goyal
B) R.K. Shanmukham Chetty
C) Narendra Modi
D) Jaya Verma Sinha

Answer and Explanation

Answer: B

  • Explanation: The correct answer is B. R.K. Shanmugam Chetty was the inaugural Finance Minister of independent India and presented India’s first budget after gaining independence.

Question 5:
Which state in the North Eastern region initiated the Aadhaar-Linked Birth Registration?

A) Assam
B) Manipur
C) Nagaland
D) Meghalaya

Answer and Explanation

Answer: C

  • Explanation: The correct answer is C. Nagaland started the Aadhaar-Linked Birth Registration (ALBR) system, being the first in the North Eastern region.

Question 6:
Which company acquired BCCI TV and Digital Media Rights for the next five years?

A) Disney
B) Sony
C) Star India
D) Viacom 18

Answer and Explanation

Answer: D

  • Explanation: The correct answer is D. Viacom 18, a subsidiary of Reliance, secured the media rights for India‚Äôs home games and tournaments managed by BCCI for the forthcoming five years.

Question 7:
Which public sector bank introduced an application for MSMEs based on GST invoices?

A) Bank of Baroda
B) State Bank of India
C) ICICI Bank
D) Punjab National Bank

Answer and Explanation

Answer: D

  • Explanation: The correct answer is D. Punjab National Bank unveiled a mobile application for the GST Sahay scheme, enabling MSMEs to effortlessly obtain loans through GST invoices.

Question 8:
What percentage of the yearly target did India’s fiscal deficit reach from April to July of the 2023-24 fiscal year?

A) 20.5%
B) 33.9%
C) 25.3%
D) 28.6%

Answer and Explanation

Answer: B

  • Explanation: The correct answer is B. In the initial four months of the 2023-24 fiscal year, India’s fiscal deficit touched almost 33.9% of the annual goal.

Question 9:
What was India’s GDP growth rate for the first quarter of the fiscal year 2023-2024?

A) 7.5%
B) 6.1%
C) 7.2%
D) 7.8%

Answer and Explanation

Answer: D

  • Explanation: The correct answer is D. India’s GDP saw a growth to 7.8% in the first quarter of the 2023-2024 fiscal year.

Question 10:
Who became the first-ever female Chairperson of the Railway Board?

A) Jaya Verma Sinha
B) Indira Gandhi
C) Nirmala Sitharaman
D) Meira Kumar

Answer and Explanation

Answer: A

  • Explanation: The correct answer is A. Jaya Verma Sinha has been named the inaugural female Chairperson of the Railway Board in its history of 118 years.

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