AffairsCloud brings you the complete and important daily Current Affairs Quiz 12 October 2023 to achieve more marks in Banking, Insurance, UPSC, SSC, CLAT, Railways and all other competitive Exams. We have prepared the current affairs quiz question from our daily current affairs 2023 updates.
Our Current Affairs October 2023 events will help you to get more marks in Banking, Insurance, SSC, Railways, UPSC, CLAT and all State Government Exams. Also, try our Current Affairs Quiz.
- In which state, the 2023 edition of the Annual Joint Humanitarian Assistance and Disaster Relief (HADR) Exercise (AJHE) – “CHAKRAVAT 2023” has conducted by the Indian Navy (IN) in October 2023?
1) Karnataka
2) Maharashtra
3) Goa
4) West Bengal
5) Odisha
Answer & Explanation
Answer-3) Goa
Explanation:
The 2023 edition of the Annual Joint Humanitarian Assistance and Disaster Relief (HADR) Exercise (AJHE) – “CHAKRAVAT 2023” was conducted by the Indian Navy (IN) at Goa from 09th to 11th October 2023.
i. AJHE is the result of Prime Minister Narendra Modi’s preference conveyed during the Combined Commanders’ Conference in 2015.
ii. To address the challenges posed by climate change in the Indian Ocean Region (IOR), the Indian armed forces conduct HADR operations as part of India’s Security And Growth for All in the Region (SAGAR) initiative.
iii. This exercise evolved the Indian armed forces’s assistance in disaster times as a collaborative government approach that enhanced India’s preparedness and response to natural disasters.
- Which bank has recently (in Oct ‘23) partnered with Social Worth Technologies Private Limited (Fibe) to launch India’s first-ever numberless credit card?
1) Axis Bank
2) YES Bank
3) HDFC Bank
4) ICICI Bank
5) IndusInd Bank
Answer & Explanation
Answer-1) Axis Bank
Explanation:
Axis Bank Limited and Social Worth Technologies Private Limited (Fibe) (formely known as EarlySalary) have partnered to launch India’s first-ever numberless credit card called Fibe Axis Bank Credit Card.
i. The card, powered by Rupay, also allows the customer to link this credit card to Unified Payments Interface (UPI).
ii. The Fibe Axis Bank Credit Card offers financial solutions by targeting tech-savvy Generation Z (people born between 1996 and 2010) of India.
iii. The card does not have any card number, expiry date, or Card Verification Value (CVV) printed on it.
The cardholders can access their card details in Fibe mobile application (App).
- Which company has recently (in Oct ‘23) received the first installment of investment of Rs. 300 crore from the International Finance Corporation (IFC) for its Electric Vehicle (EV) division?
1) Kinetic Green
2) Euler Motors
3) Mahindra Last Mile Mobility
4) Piaggio Vehicles
5) Atul Auto
Answer & Explanation
Answer-3) Mahindra Last Mile Mobility
Explanation:
Mahindra Last Mile Mobility (MLMML), a subsidiary of Mahindra & Mahindra Ltd. (M&M) received the first installment of investment of Rs. 300 crore from the International Finance Corporation (IFC) for its Electric Vehicle (EV) division. This investment is IFC’s first in an EV maker in India.
i. With this transaction, MLMML has ceased to be a wholly owned subsidiary of Mahindra with effect from 9th October 2023, while it continues to be a subsidiary of the company.
ii. In March 2023, IFC committed to investing Rs. 600 Crore (in one or more installments) at a valuation of up to Rs. 6020 Crore, in a new company housing the last mile mobility division of Mahindra Group.
- Which bank has recently (in Oct ‘23) extended the Unified Payments Interface (UPI) integration for Non-Residential External (NRE) clients?
1) YES Bank
2) HDFC Bank
3) ICICI Bank
4) IndusInd Bank
5) Federal Bank
Answer & Explanation
Answer-5) Federal Bank
Explanation:
Kerala based Federal Bank Limited has extended the Unified Payments Interface (UPI) integration for Non-Residential External (NRE) clients through its mobile banking platform, FedMobile, to enhance banking convenience for its Non-Residential Indian (NRI) clients.
i. With the integration of UPI, NRI clients can now make payments seamlessly using their NRE accounts in regions where traditional payment methods may be limited.
ii. The plan has been approved by the National Payments Corporation of India (NPCI) for NRIs from countries including Singapore, Australia, Malaysia, Canada, Hong Kong, Oman, Qatar, the United States of America(USA), Saudi Arabia, the United Arab Emirates(UAE), and the United Kingdom(UK).
- According to the 19th Quarterly Bulletin (QB) of Periodic Labour Force Survey (PLFS) for April-June 2023 (Q1FY24) released by the National Statistical Office (NSO) in October 2023, India’s urban unemployment rate (UR) in Current Weekly Status (CWS) terms for persons aged 15 years and above declined to _________ during Q1FY24.
1) 6.3%
2) 6.6%
3) 6.9%
4) 6.7%
5) 6.2%
Answer & Explanation
Answer-2) 6.6%
Explanation:
On October 9, 2023, the National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI) released its 19th Quarterly Bulletin(QB) of Periodic Labour Force Survey (PLFS) for April-June 2023 (Q1FY24).
As per it, India’s urban unemployment rate (UR) in Current Weekly Status (CWS) terms for persons aged 15 years and above declined to 6.6% during Q1FY24 from 6.8% during Q4FY23. It was 7.6% in April-June 2022 (Q1FY23).
The UR for Q1FY24 is lower than the URs observed in the quarters covered in the pre-pandemic period.
A total number of 5,639 FSUs- First Stage Unit (UFS- Urban Frame Survey blocks) have been surveyed during Q1FY24. The number of urban households surveyed was 44,190 and the number of persons surveyed was 1,67,916 in urban areas.
UR in CWS among male population declined to 5.9% as compared to 7.1 in Q1FY23.
At all India levels, the Labour Force Participation Rate (LFPR) in CWS increased to 48.8% from 47.5% in April-June 2022 (Q1FY23).
Worker Population Ratio (WPR- in %) in CWS increased to 45.5% from 43.9% in Q1FY23.
- Which of the following points is/are “correct” with respect to the 360 One Wealth Hurun India Rich List 2023 released in October 2023?
A) Mukesh Ambani, Chairman of Reliance Industries limited(RIL) tops the 360 One Wealth Hurun India Rich List 2023 followed by Gautam Adani, Chairman of the Adani Group.
B) Radha Vembu, product manager of Zoho, overtakes Falguni Nayar of Nykaa to become the richest self-made Indian woman with a net worth of Rs 36,000 crore.
C) Manish Kejriwal of Kedaara Capital becomes the first Indian private equity fund manager on the list with Rs 3,000 crore net worth.
1) Only A
2) Only A & B
3) Only B & C
4) Only A & C
5) All A, B & C
Answer & Explanation
Answer-5) All A, B & C
Explanation:
“360 One Wealth Hurun India Rich List 2023”, the 12th–anniversary edition of Hurun India Rich List released in association with 360 One Wealth, is topped by Mukesh Ambani(66), Chairman of Reliance Industries limited(RIL).
Mukesh Ambani has regained the title as India’s richest man with a wealth of Rs 8,08,700 crore.
Gautam Adani(61), Chairman of the Adani Group, is ranked 2nd with a wealth of Rs 474800 crore. In 2022 Adani topped the list, he was ahead of Ambani by a wealth gap of Rs 3 lakh crore & with a wealth of Rs 2,78,500 crore, Cyrus Poonawalla (82) retained the third position in the list.
India has added 38 billionaires to its rich list, taking the total tally to 259.
i. Manish Kejriwal of Kedaara Capital becomes the first Indian private equity fund manager on the list with Rs 3,000 crore net worth.
ii. With 328 individuals, Mumbai, Maharashtra tops 360 One Wealth Hurun India Rich List 2023, followed by New Delhi, Delhi (199) and Bengaluru, Karnataka (100).
iii. Radha Vembu(50), product manager of Zoho, overtakes Falguni Nayar (60) of Nykaa to become the richest self-made Indian woman with a net worth of Rs 36,000 crore.
She is ranked 40th on the list while Falguni Nayar ranked 86th with a net worth of Rs 22,500 crore.
iv. According to the 360 One Wealth Hurun India Rich List 2023, with 12.6 million followers on Twitter, Ratan Tata (84) is the most followed entrepreneur on Indian social media.
- Who has recently (in Oct ‘23) won the Qatar GP 2023 to win the 3rd Formula One (F1) World Championship Title?
1) Max Verstappen
2) Carlos Sainz
3) Charles Leclerc
4) Lewis Hamilton
5) Sergio Pérez
Answer & Explanation
Answer-1) Max Verstappen
Explanation:
Max Verstappen, the Belgian- Dutch driver of Red Bull added his name to the list of Formula One (F1) triple champions.
i. Max Verstappen achieved this feat by securing 2nd place in Qatar Grand Prix 2023 sprint race, Australian driver of McLaren Oscar Piastri won the Sprint race.
ii. Later on, Max Verstappen won the 2023 Qatar Grand Prix main race event, followed by Australian driver of McLaren, Oscar Piastri and British driver of McLaren, Lando Norris.
iii. With this win Max has won the consecutive F1 World Championship in (2023, 2022 & 2021).
iv. Max became a part of the three time Champions that includes Brazilians Ayrton Senna and Nelson Piquet, Austrian Niki Lauda, Britain’s Jackie Stewart, and Australian Jack Brabham.
- What was the theme of United Nations (UN) International Day of the Girl Child (IDGC) 2023 that was observed across the globe on 11th October 2023?
1) GirlForce: Unscripted and unstoppable
2) My voice, our equal future
3) Digital generation. Our generation
4) Out Time is Now- Our Rights, Our Future
5) Invest in Girls’ Rights: Our Leadership, Our Well-being
Answer & Explanation
Answer-5) Invest in Girls’ Rights: Our Leadership, Our Well-being
Explanation:
The United Nations (UN) International Day of the Girl Child (IDGC) 2023 was observed across the globe on 11th October 2023 with the theme of “Invest in Girls’ Rights: Our Leadership, Our Well-being”.
The first International Day of the Girl Child was observed on 11th October 2012.
i. In 1995, the World Conference on Women was held in Beijing, China where the UN adopted the “Beijing Declaration and Platform for Action”, the most progressive blueprint ever devised for advancing not only women’s rights but also the rights of girls.
ii. The Beijing Declaration notably stands out as the first to specifically call out girls’ rights.
iii. UN Women Strategic Plan 2022–2025 sets a vision and roadmap for supporting the achievement of the Sustainable Development Goals(SDGs) by 2030.
- Which state’s skill, employment & entrepreneurship department has recently (in Oct ‘23) signed an MoU with the Indian Army (Headquarters 51 Sub Area) for upskilling ex-servicemen and their dependents?
1) Sikkim
2) Assam
3) Manipur
4) Arunachal Pradesh
5) Uttarakhand
Answer & Explanation
Answer-2) Assam
Explanation:
Assam Skill Development Mission (ASDM) under the Skill, Employment & Entrepreneurship Department, Government of Assam and the Indian Army (Headquarters 51 Sub Area) have signed a Memorandum of Understanding (MoU) for upskilling ex-servicemen and their dependents.
This MoU between Indian Army and ASDM will empower ex-servicemen and their dependents to get remunerative employment and self-employment.
The MoU was signed in the presence of Himanta Biswa Sarma, Chief minister(CM) of Assam and general officer commanding-in-chief (GOC-in-C). of Eastern Command, Lieutenant General Rana Pratap Kalita.
i. The Assam CM also unveiled a statue of Lachit Borphukan, a medieval-era Ahom army commander, and a Swahid Smarak (Martyr’s Column) at Bir Lachit Borphukan Park inside Narengi Military Station in Guwahati, Assam.
These 2 structures were conceptualised by Major General (Retd.) R.K. Jha, former General Officer Commanding of 51 Sub Area of the Indian Army in Narengi.
These structures were funded by the Government of Assam.
- Which state government has recently (in Oct ‘23) announced a new Tax Arrears Conciliation Scheme (Samadhan scheme) with waivers and concessions to settle the pending tax dues of about Rs.25,000 crore?
1) West Bengal
2) Karnataka
3) Andhra Pradesh
4) Tamil Nadu
5) Telangana
Answer & Explanation
Answer-4) Tamil Nadu
Explanation:
Tamil Nadu (TN) government announced a new Tax Arrears Conciliation Scheme (Samadhan scheme) with waivers and concessions aimed at facilitating the settlement of the pending tax dues of about Rs.25,000 crore, of which a majority are under the erstwhile Tamil Nadu Value Added Tax (VAT) and other legacy tax legislations.
i. This initiative aims to address and resolve long-standing issues related to pending tax arrears, disputes, and appeals that have persisted between traders and the State Commercial Tax Department.
ii. The scheme will be in force between October 16, 2023, and February 15, 2024.
iii. The government has come out with different payment options for five categories of traders, depending on the size of their dues.
Below Rs 50,000
Between Rs 50,000 and Rs 10 lakh
Between Rs 10 lakh and Rs 1 crore
Between Rs 1 crore and Rs 10 crore
Above Rs 10 crore.
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