AffairsCloud brings you the complete and important daily Current Affairs Quiz 21 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.
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- As per the Periodic Labour Force Survey (PLFS) by the Ministry of Statistics & Programme Implementation (MoSPI) in December 2023, the Unemployment Rate (UR) for graduates aged 15 and above declined to ______in July 2022- June2023.
1) 13.4%
2) 10.4%
3) 11.3%
4) 12.8%
5) 14.2%Answer-1) 13.4%
Explanation:
As per the Periodic Labour Force Survey (PLFS) by the Ministry of Statistics & Programme Implementation (MoSPI), the Unemployment Rate (UR) for graduates aged 15 and above declined to 13.4% in 2022-2023 (July 2022 and June 2023) from 14.9% in July 2021-June 2022.
Chandigarh and Delhi had the lowest URs for graduates, at 5.6% and 5.7% respectively.
The highest unemployment is in Andaman & Nicobar Island at 33%, followed by Ladakh at 26.5% and Andhra Pradesh (AP) at 24%.
This information was part of the 6th annual report on the basis of the PLFS conducted during July 2022-June 2023 by National Sample Survey Office (NSSO).
Among larger states, the unemployment rate was high in Rajasthan at 23.1% and in Odisha at 21.9%. - Which Indian company has recently (in Dec ‘23) joined the World Economic Forum’s (WEF) Global Lighthouse Network (GLN) as “Factory Lighthouse”?
1) Cipla Limited
2) Sun Pharmaceutical Industries
3) ACG Associated Capsules
4) Alkem Laboratories
5) Glenmark PharmaceuticalsAnswer-3) ACG Associated Capsules
Explanation:
ACG Associated Capsules Pvt. Ltd. (ACG Capsules), a pharmaceuticals contract manufacturer, in Pithampur, Madhya Pradesh(MP), has joined the World Economic Forum’s (WEF) Global Lighthouse Network (GLN) as “Factory Lighthouse ”.
ACG Capsules is a part of the ACG Group (formerly known as the Associated Capsules Group of Companies).
i. The 2023 cohort of GLN includes 21 lighthouses (16 Factory Lighthouses and 5 End-to-End (E2E) Lighthouse). In addition, 4 sustainability lighthouses have been recognised in 2023.
ii. These lighthouses represent 8 countries: China, Germany, India, Saudi Arabia, South Korea, Thailand, Türkiye and the United States of America(USA).
iii. Lighthouses from India:
4 Indian Companies (including ACG Capsules) are featured among the 2023 cohort.
The other 3 Indian companies are:
Renew Power Ventures Pvt Ltd (Ratlam, MP) as Factory Lighthouse
Schneider Electric India(Hyderabad, Telangana) as Sustainability Lighthouse
Hindustan Unilever (Sonepat factory in Haryana) as E2E Lighthouse - Which bank has recently (in Dec ‘23) entered into a corporate agency arrangement with HDFC Life to offer life insurance products to customers?
1) South Indian Bank
2) Karur Vysya Bank
3) Axis Bank
4) IDFC FIRST Bank
5) RBL BankAnswer-2) Karur Vysya Bank
Explanation:
Karur Vysya Bank Limited (KVB) signed a Corporate Agency (CA) arrangement with HDFC Life Insurance Company Limited to empanel HDFC Life as an additional bancassurance partner of KVB for the life insurance category.
i. The CA arrangement will enable customers of KVB to avail HDFC Life’s wide range of customised life insurance products, including solutions for protection, savings and investment, retirement and critical illness.
ii. The partnership aims to simplify the path to financial well-being for customers.
iii. The collaboration is aligned with the goal of ‘Insurance for all by 2047’ set by the Insurance Regulatory and Development Authority of India (IRDAI). - Which company has recently (in Dec ‘23) partnered with the NSDL Payments Bank and the National Payments Corporation of India (NPCI) to launch One Nation Corporate Card?
1) Paycraft Solutions
2) CCAvenue
3) Cashfree Payments
4) Razorpay Solutions
5) InstamojoAnswer-1) Paycraft Solutions
Explanation:
On December 19, 2023, Paycraft Solutions Pvt. Ltd., launched One Nation Corporate Card in partnership with NSDL Payments Bank and the National Payments Corporation of India (NPCI).
It will be offered to the Indian customers pan-India from June end 2024
About One Nation Corporate Card :
i. The One Nation Corporate Card is a National Transit Card built on an indigenously developed multi-wallet platform with Transit Issuance and Processing Capability.
ii. The card allows cardholders to travel across India on any public transport that accepts bank-issued cards.
iii. The card crafted on National Common Mobility Card (NCMC) specifications with offline capability, is in line with Government of India’s (GoI) One Nation One Card vision.
iv. The card enables transactions across 4 channels: Automated Teller Machine (ATM) , POS (Point of Sale), e-commerce websites, and metro stations. - In December 2023, U GRO Capital raised USD __________ through Non-Convertible Debentures (NCDs) from Hague, the Netherlands based FMO.
1) 90 million
2) 70 million
3) 60 million
4) 80 million
5) 30 millionAnswer- 5) 30 million
Explanation:
On December 19, 2023, U GRO Capital Limited, a non-banking financial company (NBFC), raised USD 30 million (around Rs 250 crore) through Non-Convertible Debentures (NCDs) from FMO, the Dutch entrepreneurial development bank, based in the Hague, the Netherlands.
The INR (Rupee)-denominated NCDs issuance was fully subscribed by FMO.
i. U GRO Capital has offered credit to more than 80000 small businesses over the last 5 years.
ii. In 2023, U Gro Capital raised over Rs 340 crore in equity capital. This includes Rs 240 crore from the Danish Development Finance Institution(DFI) and Investment Fund for Developing Countries (IFU). - Name the Life Insurance that has recently (in Dec ‘23) entered into a bancassurance partnership with the IDFC First Bank Limited to offer insurance solutions to the bank’s customers.
1) HDFC Life Insurance Limited
2) Aditya Birla Sun Life Insurance Limited
3) TATA AIA Life Insurance Limited
4) SBI Life Insurance Limited
5) Bajaj Allianz Life Insurance LimitedAnswer-2) Aditya Birla Sun Life Insurance Limited
Explanation:
Aditya Birla Sun Life Insurance (ABSLI) Limited, the life insurance subsidiary of Aditya Birla Capital Limited (ABCL) and IDFC First Bank Limited have entered into a bancassurance partnership to offer insurance solutions to the bank’s customers.
i. The partnership aims to offer ABSLI’s insurance products through the extensive distribution network of IDFC First Bank.
ii. The collaboration aims to create a one-stop-shop financial solution to cater to the changing needs of customers with special focus on retirement planning, ensuring a steady source of second income and tax-free returns. - Which Indian Navy’s training institute has recently (in Dec ‘23) received the original ‘Vir Chakra’ of late Vice Admiral (VAdm) Benoy Roy Chowdhury Medal?
1) INS Shivaji
2) INS Gomantak
3) INS Hansa
4) INS Agnibahu
5) INS ShikraAnswer-1) INS Shivaji
Explanation:
Indian Naval Ship (INS) Shivaji, Indian Navy’s premier marine engineering training institute, has received the original ‘Vir Chakra’ medal, which was awarded to Late Vice Admiral(VAdm) Benoy Roy Chowdhury for his gallant actions during the 1971 India-Pakistan war.
The Chair of INS Shivaji, VAdm Dinesh Prabhakar, Ati Vishisht Seva Medal (AVSM), Vishisht Seva Medal (VSM) (Retd) received the medal from Pradipta Bose & Gargi Bose, the family members of B R Chowdhury on behalf of the Indian Navy at an event held in Lonavala, Maharashtra.
i. The ‘Vir Chakra’ is an Indian wartime military bravery award presented for acts of gallantry on the battlefield, on land or in air or at sea.
ii. It is one of the six gallantry awards and the order of precedence of these awards is the Param Vir Chakra, the Ashoka Chakra, the Maha Vir Chakra, the Kirti Chakra, the Vir Chakra and the Shaurya Chakra. - In December 2023, _____________ became the most expensive player in the history of Indian Premier League (IPL) and joined Kolkata Knight Riders (KKR) for Rs 24.75 crore to play in the 2024 IPL season.
1) Daryl Mitchell (New Zealand)
2) Mitchell Aaron Starc (Australia)
3) Pat Cummins (Australia)
4) Alzarri Joseph (West Indies)
5) Harshal Patel (India)Answer-2) Mitchell Aaron Starc (Australia)
Explanation:
Australian cricket player Mitchell Aaron Starc becomes the most expensive player in the history of Indian Premier League (IPL) as he was bought by Kolkata Knight Riders (KKR) for Rs 24.75 crore to play in the 2024 IPL season.
i. Mitchell Starc breaks Pat Cummins‘s (Australia) record buy of Rs 20.50 crore by the Sunrisers Hyderabad.
ii. Mallika Sagar, an art collector and consultant, became the IPL’s first female auctioneer since 2008.
iii. The 2024 IPL auction was held for the first time outside India at the Coca-Cola Arena in Dubai, United Arab Emirates(UAE) on 19th December 2023. - When was the United Nations (UN) International Human Solidarity Day 2023 observed across the globe?
1) 16th December 2023
2) 18th December 2023
3) 20th December 2023
4) 17th December 2023
5) 19th December 2023Answer-3) 20th December 2023
Explanation:
The United Nations (UN)’s International Human Solidarity Day 2023 was observed across the globe on 20th December 2023 to raise public awareness of the importance of solidarity in addressing global challenges such as poverty, inequality, and injustice.
The Day also aims to remind governments of all countries to respect their commitments to international agreements.
i. The first-ever International Human Solidarity Day was observed on 20 December 2006.
ii. The World Solidarity Fund was set up in February 2003 as a trust fund of the United Nations Development Programme (UNDP).
Objective: To eradicate poverty and foster human and social development, particularly among the most vulnerable populations in developing countries. - Which state government has recently (in Dec ‘23) initiated the Rajiv Gandhi Swarozgaar Yojna-2023 (RGSY) to generate self-employment opportunities and promote entrepreneurship among local youth?
1) West Bengal
2) Odisha
3) Jharkhand
4) Madhya Pradesh
5) Himachal PradeshAnswer-5) Himachal Pradesh
Explanation:
Government of Himachal Pradesh (HP) has initiated the Rajiv Gandhi Swarozgaar Yojna-2023 (RGSY), with an outlay of Rs 680 crore, to generate self-employment opportunities and promote entrepreneurship among local youth.
The RGSY will ensure guaranteed livelihoods for the youth and help HP reduce vehicular pollution and move forward to become a ‘green state’.
i. In its initial phase, the RGSY focuses on the Standard of Procedures (SoP) for hiring e-taxis by various entities, including government departments, local authorities, etc.
ii. The government guarantees employment and offers startup assistance to the youth of HP by providing a 50% subsidy on the purchase of e-taxis under RGSY.
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