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Current Affairs Quiz: 14 December 2023

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AffairsCloud brings you the complete and important daily Current Affairs Quiz 14 December 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 December 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.

  1. In December 2023, the Ministry of Defence approved the purchase of 70,000 more semi-automatic assault rifles from _________(country) based Sig Sauer Inc. for the Indian Army at a cost of Rs 800 crore.
    1) Israel
    2) Indonesia
    3) France
    4) Russia
    5) United States of America
    Answer-5) United States of America
    Explanation:
    The Indian Ministry of Defence (MoD) has approved the purchase of 70,000 semi-automatic assault rifles for the Indian Army (IA) at a cost of Rs 800 crore, during a high-level MoD meeting. They will be bought from the United States of America (USA) based Sig Sauer Inc.
     The rifles will be used in counter terrorism operations and other duties at borders.
    i. India has been using Sig Sauer rifles since 2019 when it bought 72,400 SiG 716 rifles of 7.62 x 51mm caliber viz. 66,400 for IA, 4,000 for the Indian Air Force (IAF) and 2,000 for the Indian Navy (IN),.
    ii. The rifles are being purchased to boost the capabilities of soldiers stationed along the borders with China and Pakistan.
    iii. Weighs 3.82 kg without the magazine, it has an effective kill range of 600 meters. It is more accurate than the INSAS (Indian Small Arms System) because it has a higher caliber.

  2. As of December 2023, India’s first bullet train terminal was built at the Sabarmati Multimodal transport hub in ____________ (city).
    1) New Delhi, Delhi
    2) Indore, Madhya Pradesh
    3) Bengaluru, Karnataka
    4) Ahmedabad, Gujarat
    5) Nagpur, Maharashtra
    Answer-4) Ahmedabad, Gujarat
    Explanation:
    According to Union Minister Ashwini Vaishnaw, Ministry of Railways (MoR), India’s first bullet train terminal was built at the Sabarmati Multimodal transport hub in Ahmedabad, Gujarat.
    i. The terminal is equipped with state-of-the-art and modern features, and it will host the inaugural bullet train which is scheduled to operate between Ahmedabad and Mumbai(Maharashtra).
     The foundation stone for India’s Mumbai-Ahmedabad High-Speed Rail Project was laid in 2017.
    ii. National High-Speed Rail Corporation Limited (NHSRCL), a ‘Special Purpose Vehicle’ was incorporated to finance, construct, maintain, and manage the High-Speed Rail Corridor in India.

  3. According to the report ‘5th edition of Asia and the Pacific- Regional Overview of Food Security and Nutrition 2023: Statistics and Trends’ released by the Food and Agriculture Organisation (FAO) in December 2023, ____________ of Indians were unable to afford a healthy diet in 2021.
    1) 75.7%
    2) 74.1%
    3) 69.0%
    4) 70.3%
    5) 72.4%
    Answer-2) 74.1%
    Explanation:
    The Food and Agriculture Organisation (FAO) of the United Nations(UN) launched a digital report on the 5th edition of Asia and the Pacific- Regional Overview of Food Security and Nutrition 2023: Statistics and Trends‘. As per it, 74.1% of Indians were unable to afford a healthy diet in 2021.  In 2020, it was 76.2%.
     It is an annual report published by FAO’s Regional Office for Asia and the Pacific (RAP).
     It provides a glimpse on the progress in meeting Sustainable Development Goals (SDGs) and World Health Assembly (WHA) global nutrition targets.
    i. The Asia-Pacific region, with 370.7 million undernourished, represents half the global total.
    ii. An estimated 232.8 million people in the region couldn’t afford a healthy diet in 2021.

  4. Which credit card company has recently (in Dec ‘23) collaborated with IDFC First Bank Limited to launch “FIRST SWYP credit card” for Gen Z generation?
    1) Mastercard
    2) SBI Card
    3) American Express
    4) HDFC Card
    5) ICICI Card
    Answer-1) Mastercard
    Explanation:
    IDFC First Bank Limited, in collaboration with MasterCard, has launched “FIRST SWYP credit card”, designed exclusively for Gen Z generation.
     The card, powered by Mastercard, aims to provide various lifestyle requirements of the youth, focused on affordability, convenience and increased customer engagement.
    i. IDFC FIRST bank has introduced “IDFC FIRST Bank digital RuPay credit card”, powered for UPI (Unified Payments Interface). This is a digital credit card on the Rupay network.
    ii. Objective: It focuses to enhance customer convenience and simplify transaction experience for them. In addition, it will blend the UPI transactions and main credit card facilities.

  5. Name the Life Insurance company that has recently (in Dec ‘23) introduced the Alpha Wealth plan to provide extensive financial security for policyholders and their families.
    1) HDFC Life Insurance
    2) Exide Life Insurance
    3) Bajaj Allianz Life Insurance
    4) Canara HSBC Life Insurance
    5) Edelweiss Tokio Life Insurance
    Answer-4) Canara HSBC Life Insurance
    Explanation:
    Canara HSBC Life Insurance introduced the Alpha Wealth plan to provide extensive financial security for policyholders and their families. The plan encourages long-term savings, with loyalty additions and wealth boosters enhancing the attractiveness of the plan.
     The product offers increased flexibility, allowing investors to modify premiums, premium payment terms, policy duration, and sum assured to accommodate evolving financial requirements.
    i. Canara Bank, a public sector bank in India launched new products and services for customers on its 118th Founder’s Day (19 November). These include Corporate ai1, Whatsapp Banking Channel, and Canara Unified Payments Interface (UPI) 123 Pay.
    Note: Canara Bank commemorates the Founder’s Day in memory of its founder, the Late Ammembal Subba Rao Pai, a philanthropist, who established the Canara Hindu Permanent Fund in Mangalore(Karnataka), on 1 July 1906.

  6. Which bank/organisation has recently (in Dec ‘23) partnered with the World Food Programme (WFP) to scale up impact on Food Security?
    1) International Monetary Fund
    2) World Bank
    3) Asian Development Bank
    4) United Nations Development Programme
    5) World Trade Organization
    Answer-2) World Bank
    Explanation:
    The World Bank (WB) and the World Food Programme (WFP) have strengthened their partnership amidst growing concerns about record levels of food insecurity worldwide.
    i. The partnership aims to build robust food systems along with a preparation plan to handle future shocks.
    ii. The collaboration also addresses the interconnected challenges of food insecurity such as climate change, fragility, and poverty.

  7. Name the Mutual Fund company that has recently (in Dec ’23) acquired 1.5% of paid-up equity share capital in Karur Vysya Bank (KVB) Limited through open market transactions.
    1) HDFC Mutual Fund
    2) Edelweiss Mutual Fund
    3) Axis Mutual Funds
    4) SBI Mutual Funds
    5) ICICI Prudential Mutual Fund
    Answer-4) SBI Mutual Funds
    Explanation:
    SBI Mutual Fund (MF) has acquired 1.5% of paid-up equity share capital in Karur Vysya Bank (KVB) Limited through open market transactions.
    i. SBI Mutual Fund (MF) purchased a total of 1.2 crore shares of KVB for Rs 194.4 crore with the average price per share being Rs 162.
    ii. In November 2023, the Reserve Bank of India(RBI) granted its approval to SBI MF to acquire an aggregate holding of up to 9.99% in KVB.

  8. Name the company that has recently (in Dec ‘23) unveiled a compact delivery drone, L07 for healthcare and e-commerce industries.
    1) Thanos Technologies Pvt. Ltd
    2) Throttle Aerospace Systems Pvt. Ltd
    3) Paras Aerospace Pvt. Ltd
    4) Daksha Unmanned Systems Pvt. Ltd
    5) UrbanMatrix Technologies Pvt. Ltd
    Answer-2) Throttle Aerospace Systems Pvt. Ltd
    Explanation:
    Throttle Aerospace Systems Private Limited (TAS), a subsidiary of RattanIndia Enterprises Limited has unveiled a compact delivery drone, L07 under TAS L-series.
     L07 drone finds its application in the healthcare and e-commerce industries with a reliable and efficient delivery solution.
    About L07:
    i. L07 is a vertical take-off and landing (VTOL) drone designed to meet the specific requirements of scenarios.
    ii. This indigenous drone has a carrying capacity of up to 7 kg, and can be deployed single-handedly in less than 5 minutes.
    iii. The drone can fly up to 2,000 metres above Mean Sea Level (MSL).

  9. In December 2023, a new species of marine amphipod ‘Demaorchestia alanensis’ was discovered in the ________________ (lake).
    1) Chilika Lake
    2) Loktak Lake
    3) Wular Lake
    4) Kolleru Lake
    5) Vembanad Lake
    Answer-1) Chilika Lake
    Explanation:
    Researchers from Berhampur University, Odisha have discovered a new species of marine amphipod in the Odisha’s Chilika lake on east coast of India.
    i. The new species is given the scientific nomenclature ‘Demaorchestia alanensis’ after Professor Alan Myers who made a significant contribution to global marine amphipod studies.
    ii. The discovery of the species was published in the online edition of the journal ‘Zootaxa’.
    About Demaorchestia Alanensis:
     The new species is added to the genus Demaorchestia.
     It belongs to the family Talitridae, subfamily Platorchestiinae and suborder Senticaudata.
     The discovery raised the global species number in the genus to six.

  10. Indian Navy observed ____________ Submarine Day on 8th December 2023 to commemorate the induction of the Indian Navy’s 1st submarine, the erstwhile Indian Naval Ship (INS) Kalvari.
    1) 54th
    2) 53rd
    3) 56th
    4) 52nd
    5) 50th
    Answer-3) 56th
    Explanation:
    Indian Navy annually observes Submarine Day on 8 December to commemorate the induction of the Indian Navy’s 1st submarine, the erstwhile Indian Naval Ship (INS) Kalvari (a Soviet Foxtrot Class submarine) on 08 December 1967.
     8 December 2023 marks the observance of the 56th Submarine Day.
    i. The Indian Navy submarine arm was born on 8 December 1967, with the commissioning of INS Kalvari, the 1st Scorpene class submarine in India under the command of Commander K.S. Subramanian at Riga in Latvia, the erstwhile Union Soviet Socialist Republics (USSR) in 1967.
     Since then this day has been celebrated as “Submarine Day” by the Indian Navy.
    ii. The 56th ‘Submarine Day’ was commemorated at Visakhapatnam on 8th December 2023.
    iii. Flag Officer Submarines Rear Admiral K Venkatraman laid a wreath at the Submarine Cenotaph INS Virbahu, paying homage to submariners on ‘Eternal Patrol’ who sacrificed in the line of duty.