Current Affairs Quiz: 8 & 9 October 2023

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1. Which of the following points is/are “correct” with respect to the Cabinet approval in October 2023?
   A) The Union cabinet approved a revised cost of Rs 2,430 crore for the completion of the balance works of the North Koel Reservoir Project in Bihar and Jharkhand.
   B) The Union Cabinet approved amendment to the Central Universities Act, 2009 for setting up of Sammakka Sarakka Central Tribal University at Srikakulam District, Andhra Pradesh.
   C) Cabinet approved the terms of reference to Krishna Water Disputes Tribunal-II (KWDT-II) under Inter State River Water Disputes (ISRWD) Act, 1956.
   1) Only A
   2) Only A & B
   3) Only B & C
   4) Only A & C
   5) All A, B & C
   
   Answer & Explanation

   Answer-4) Only A & C
   Explanation:
   On October 4th, 2023, the Union Cabinet chaired by the Prime Minister (PM) Narendra Modi has given its approval for multiple initiatives and they are as follows
    Cabinet approves Revised Cost of completion of balance works of North Koel Reservoir Project in Bihar & Jharkhand.
    In a recent development, the Cabinet Committee on Economic Affairs has granted its endorsement to a proposal presented by the Department of Water Resources, River Development, and Ganga Rejuvenation.
    This proposal aims to finalize the remaining tasks for the North Koel Reservoir Project, with an adjusted budget of Rs. 2,430.76 crore.
    Cabinet approves setting up of Sammakka Sarakka Central Tribal University
    Recently, the Union Cabinet has given its approval for introduction in Parliament, a Bill, namely, the Central Universities (Amendment), Bill, 2023.
    It aims to amend the Central Universities Act, 2009 for setting up of Sammakka Sarakka Central Tribal University at Mulugu District, Telangana.
    There would be provision of funds of Rs. 889.07 crore.
    Cabinet approves Terms of Reference to Krishna Water Dispute Tribunal-II (KWDT-II) under Inter State River Water Disputes (ISRWD) Act, 1956.
    It has been issued under section 5(1) of the ISRWD Act for its adjudication between the States of Telangana and Andhra Pradesh (AP).
    The Centre has notified the establishment of a National Turmeric Board.
    It is aimed at increasing awareness about turmeric and potentially developing new markets to bolster exports.
   
   
   
2. Which country, along with India, has commenced the 11th edition of annual joint military exercise, SAMPRITI-XI 2023 in Umroi, Meghalaya on 3rd october 2023?
   1) Japan
   2) Sri Lanka
   3) Bangladesh
   4)  Indonesia
   5) France
   
   Answer & Explanation

   Answer-3) Bangladesh
   Explanation:
   Exercise SAMPRITI-XI 2023, an annual joint military exercise between India and Bangladesh is held in Umroi, Meghalaya, for 14 days from 3rd October to 16th October 2023.
   i. This is the 11th edition of the Exercise, which strengthens India-Bangladesh defence cooperation by promoting stronger bilateral connections, cultural understanding, and reciprocal benefits from shared experiences.
   ii. Ex SAMPRITI-XI will include a Command Post Exercise (CPX), a Field Training Exercise (FTX), and a Validation Exercise based on the conduct of Sub-Conventional Operations as per Chapter VII of the UN mandate.
   
   
   
3. Name the bank that has recently (in Oct ‘23) launched its digital banking proposition in the Open 2023 campaign.
   1) IndusInd Bank
   2) Axis Bank
   3) ICICI Bank
   4) YES Bank
   5) HDFC Bank
   
   Answer & Explanation

   Answer-2) Axis Bank
   Explanation:
   Axis Bank Limited which is headquartered in Mumbai ,Maharashtra has launched its digital banking proposition called ‘open by Axis Bank’ in its latest advertising campaign ‘Open 2023’
   i. The Open 2023 campaign highlights the top 15 features of the bank’s digital offerings.
   ii. The launch of ‘open by Axis Bank’ is a fulfilment of Axis bank’s vision to build Axis 2.0 as a digital bank within the bank to offer a personalized, intuitive, and hassle-free digital banking experience.
   iii. ‘open by Axis Bank’ is a future-ready mobile application that underscores the bank’s pivot towards enhanced digital offerings.
   
   
   
4. In October 2023, _______________ became the first bank in India to issue an ‘Open Network for Digital Commerce (ONDC) Network Gift Card’.
   1) Axis Bank
   2) IndusInd Bank
   3) YES Bank
   4) HDFC Bank
   5) ICICI Bank
   
   Answer & Explanation

   Answer-3) YES Bank
   Explanation:
   YES Bank Limited has become the first bank in India to issue an ‘Open Network for Digital Commerce (ONDC) Network Gift Card’. The card is powered by Rupay Network.
   i. The card is issued in partnership with the ONDC, a government-backed initiative to democratize digital commerce in India.
   ii. This network-wide gift card will help companies with corporate gifting and employee engagement, and it will also allow consumers to shop at thousands of sellers on the network using any ONDC-compatible buyer app.
   
   
   
5. According to India Development Update (IDU) October 2023 released by World Bank (WB) in October 2023, India’s Gross Domestic Products (GDP) growth is retained at  _____________ for the Financial Year (FY) 2023-24.
   1) 6.7%
   2) 6.9%
   3) 6.5%
   4) 6.3%
   5) 6.0%
   
   Answer & Explanation

   Answer-4) 6.3%
   Explanation:
   According to India Development Update (IDU) October 2023 released by World Bank (WB), India’s Gross Domestic Products (GDP) growth for the Financial Year 2023-24 (FY23/24) is retained at 6.3% and for FY 24/25 the growth rate will be at 6.4%.
   i. India was one of the fastest-growing major economies in FY 22/23 at the rate of 7.2%. India’s growth rate was the 2nd highest among G20 countries.
   ii. The report states that India’ s headline inflation is expected to average 5.9% in FY 23/24. IDU April 2023 projected India’s headline inflation to decline to an average of 5.2% in FY 23/24.
   iii. Bad weather has caused inflation to increase, with headline inflation reaching 7.8% in July 2023 due to higher food prices.
   Note- The India Development Update (IDU) is a companion to the South Asia Development Update (SADU). IDU is a flagship biannual report of the World Bank on Indian economy.
   
   
   
6. Which of the following personalities has/have been awarded with the 2023 Nobel Prize in Chemistry by the Royal Swedish Academy of Sciences in October 2023?
   1) Morten P. Meldal, United States of America
   2) Louis Eugene Brus, United States of America
   3) Alexey Ivanovich Ekimov, Russia
   4) Both 1 & 2
   5) Both 2 & 3
   
   Answer & Explanation

   Answer-5) Both 2 & 3
   Explanation:
   Alexey Ivanovich Ekimov of Russia, Louis Eugene Brus of the United States of America (USA), and Moungi Gabriel Bawendi of France were awarded the 2023 Nobel Prize in Chemistry “for the discovery and synthesis of quantum dots”.
    The Nobel Prize in Chemistry was awarded by the Royal Swedish Academy of Sciences, Stockholm, Sweden.
    Alexei I. Ekimov served as Chief Scientist at Nanocrystals Technology Incorporation, New York, NY, USA.
    Louis E. Brus is currently working as a Professor at Columbia University, New York, USA.
    Moungi G. Bawendi is currently working as a Professor at the Massachusetts Institute of Technology (MIT), Cambridge, Massachusetts, USA.
   Note- Totally 8 women chemistry laureates were awarded the Nobel Prize in Chemistry out of 192 individuals.
    Only 2 of these 8 women, Marie Curie and Dorothy Crowfoot Hodgkin, were awarded unshared chemistry prizes.
   
   
   
7. Who has been recently (in Oct ‘23) promoted as the global Chief Executive Officer (CEO) of PayU Global Payment Organisation (GPO)?
   1) Ajay Kumar
   2) Anirban Mukherjee
   3) Reeju Dutta
   4) Akash Sinha
   5) Praveen Sharma
   
   Answer & Explanation

   Answer-2) Anirban Mukherjee
   Explanation:
   Anirban Mukherjee has been promoted as the global Chief Executive Officer (CEO) of PayU Global Payment Organisation (GPO), a payments and fintech business of Prosu. Currently, he is a part of the PayU global leadership team and serves as the CEO of PayU India.
   i. He replaces Laurent Le Moal, the incumbent global CEO of PayU GPO, who steps back from the operational management of the day-to-day business. Le Moal will remain with Prosus and PayU in an advisory capacity.
   
   
   
8. Name the personality who has recently (in Oct ‘23) appointed as the Chairman and Managing Director (CMD) of General Insurance Corporation of India Limited (GIC Re).
   1) Atanu Kumar Das
   2) Ramaswamy Narayanan
   3) Bishnu Charan Patnaik
   4) Devesh Srivastava
   5) Neerja Kapur
   
   Answer & Explanation

   Answer-2) Ramaswamy Narayanan
   Explanation:
   Ministry of Finance has appointed Ramaswamy Narayanan as Chairman and Managing Director (CMD) to General Insurance Corporation of India Limited (GIC Re) with effect from 1st October, 2023 and up to the date of of his superannuation (i.e. 30th September 2025) or until further orders, whichever is earlier.
   i. He succeeds Devesh Srivastava, who retired from the post on 30th September 2023. He has been serving as CMD since December 2019.
   ii. Prior to this appointment he was serving as the General Manager of GIC Re.
   iii. He was appointed based on the recommendation of the Financial Services Institution Bureau (FSIB) to the Ministry of Finance in June 2023.
   
   
   
9. What was the theme of World Cerebral Palsy Day (WCPD) 2023 that was observed across the globe on 6th October 2023?
   1) We will tell the world, I am here, we are here
   2) Millions of Reasons
   3) Together Stronger
   4) Make Your Mark
   5) Emphasises the Strength in Unity
   
   Answer & Explanation

   Answer-3) Together Stronger
   Explanation:
   World Cerebral Palsy Day (WCPD) 2023 was observed across the globe on 6th October 2023 with the theme of “Together Stronger.”
    In 2012, the Cerebral Palsy Alliance (CPA) declared World Cerebral Palsy Day to be observed on October 6 every year.
   i. Observance in India: The Department of Empowerment of Persons with Disabilities (DEPwD) under the Ministry of Social Justice and Empowerment, Government of India is the nodal department for Disability empowerment in India.
   ii. With the objective of raising awareness about CP among the masses, DEPwD has observed World Cerebral Palsy Day on 6th October 2023, by organizing diverse nationwide events through DEPwD-affiliated institutions.
   
   
   
10. Name the state government that has recently (in Oct ‘23) inaugurated India’s largest pumped storage project.
    1) Odisha
    2) Uttar Pradesh
    3) Maharashtra
    4) Gujarat
    5) Madhya Pradesh
    
    Answer & Explanation

    Answer- 5) Madhya Pradesh
    Explanation:
    Chief Minister(CM) of Madhya Pradesh(MP) Shivraj Singh Chouhan inaugurated India’s largest pumped storage project in Khemla block of Neemuch district in Madhya Pradesh. The project is being developed by Greenko Group, India’s largest energy storage company.
    i. The project has a capacity of 1440 megawatt (MW), with storage for 7.5 hours. It is being expanded to 1920 MW with 6 hours of storage, which will increase its daily storage capacity to nearly 11 gigawatt hours (GWh).
    ii. The overall investment will be Rs 11,500 crore over the next 3 years. This will generate around 4,800 jobs during construction and 200 jobs after construction.