AffairsCloud brings you the complete and important daily Current Affairs Quiz 27 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.
- In December 2023, Union Minister of Health and Family Welfare, Dr. Mansukh Mandaviya virtually launched MedTech Mitra, a strategic initiative to empower MedTech innovators and advance healthcare solutions.
Which of the following Government agencies/apex/ regulatory bodies have initiated the MedTech Mitra?
1) NITI Aayog
2) Indian Council of Medical Research
3) Central Drugs Standard Control Organization
4) Both 1 & 2
5) All 1, 2 & 3Answer-5) All 1, 2 & 3
Explanation:
Union Minister Dr. Mansukh Mandaviya, Ministry of Health and Family Welfare (MoHFW), virtually launched MedTech Mitra, a strategic initiative to empower MedTech innovators and advance healthcare solutions.
It is a collaborative initiative of the NITI Aayog(National Institution for Transforming India); Indian Council of Medical Research (ICMR); and Central Drugs Standard Control Organization (CDSCO).
i. About MedTech Mitra:
Objective: The collaborative efforts aim to boost indigenous development, fostering affordable and quality MedTech devices and diagnostics, thereby reducing import dependece in the MedTech sector.
Note: India’s MedTech sector is currently heavily import-dependent (80%).
ii. MedTech Mitra plays a pivotal role in strengthening India’s commitment to Universal Health Coverage (UHC), its objective is to extend healthcare services to even the remotest corners of India to become an integral aspect of Viksit Bharat.
The initiative aligns with the vision of Viksit Bharat, aiming to transform India’s health landscape by 2047. - According to “India’s Crypto Portfolio 2023” report released by CoinSwitch in December 2023, which Indian city has topped India’s crypto adoption (measured in terms of value invested) in 2023?
1) Pune, Maharashtra
2) Hyderabad, Telangana
3) New Delhi, Delhi
4) Bengaluru, Karnataka
5) Mumbai, MaharashtraAnswer-3) New Delhi, Delhi
Explanation:
According to “India’s Crypto Portfolio 2023”, the annual investor report of CoinSwitch, India’s largest crypto trading platform, New Delhi (Delhi) tops India’s crypto adoption (measured in terms of value invested) in 2023.
New Delhi (Delhi) accounted for 8.8% of total crypto investment followed by Bengaluru (Karnataka) with 8.3% and Mumbai (Maharashtra) with 5.2%.
These three metros accounted for more than 20% of the total crypto investment in India.
i. Top Indian cities:
Hyderabad (Telangana) accounted for 3.8% of India’s Crypto adoption followed by Pune (Maharashtra) with 2.7%; Gurgaon (Haryana) with 2.2%; Thane (Maharashtra) with 2%; Jaipur (Rajasthan) with 1.9% ; Ghaziabad (Uttar Pradesh) with 1.7% ; Lucknow (UP) with 1.5% and others accounted for 62%.
ii. Crypto coins:
Bitcoin, the most prominent crypto, is up by more than 150% year on year, compared to December 2022.
The report stated that Dogecoin (DOGE), is the most popular coin for retail investors. DOGE accounted for 11.1% of total invested value, followed by Bitcoin (8.5%) and Ethereum (6.4%).
Solana (SOL) was the best-performing crypto asset with a 633% (As of 20 Dec 2022) rise in 12 months. - According to the report titled “PwC Global Risk Survey 2023 – India highlights” released in December 2023, ___________ are tops as the biggest threat faced by the Indian organisations.
1) Macroeconomic volatility risks
2) Climate change risks
3) Cyber risks
4) Inflation risks
5) Digital and Technology risksAnswer-3) Cyber risks
Explanation:
According to the report titled “PwC Global Risk Survey 2023 – India highlights”, Cyber risks are tops as the biggest threat faced by the Indian organisations. Around 38% of respondents are feeling highly or extremely exposed to cyber risk.
Climate change (37%) and inflation (36%) were the 2nd and 3rd biggest threats for Indian organisations. Cyber risk was ranked 3rd in the 2022 survey.
Globally, business leaders considered inflation (39%) as the biggest threat followed by cyber (37%), macroeconomic volatility (33%), and digital and technology risks (32%).
About the Survey:
Aim: To capture views on the top risks faced by organizations across different industries in 2023.
Assessment: The final result of the survey is based on 3,910 responses from business and risk management leaders across 67 territories.
163 Indian organizations were a part of this survey.
Note:
PwC refers to PricewaterhouseCoopers Private Limited.
PwC India Headquartered in Kolkata, West Bengal (WB) while PwC Global headquartered in London, United Kingdom (UK). - In December 2023, Union Minister of New and Renewable Energy, Raj Kumar Singh (RK Singh) informed that the cumulative Rooftop Solar (RTS) installed capacity increased to ______ Gigawatts (GW) (as of 30th November 2023).
1) 6.230
2) 10.406
3) 9.342
4) 8.790
5) 7.239Answer-2) 10.406
Explanation:
Union Minister Raj Kumar Singh(RK Singh), Ministry of New and Renewable Energy(MNRE), informed that the cumulative Rooftop Solar (RTS) installed capacity increased to 10.406 Gigawatts (GW) (as of 30th November 2023) from 1.8 GW (as of 31st March 2019).
The Compound annual growth rate (CAGR) of RTS installations is around 46%.
With 3.2 GW of RTS installed capacity(30% of the total installed capacity), Gujarat has emerged as the leader in the RTS segment.
Gujarat is followed by Maharashtra with 1.85 GW and Rajasthan with 1.06 GW capacity.
i. In 2015, the government of India approved the Grid Connected Rooftop and Small Solar Power Plants Programme to install 4,200 megawatt (MW) PTS plants in India by the year 2019-20.
The RTS programme was extended till March 2026. - In December 2023, Reserve Bank of India (RBI) granted a 1-year extension for the co-branded credit card partnership between Bajaj Finance Limited(BFL) and ______________ (Bank).
1) IndusInd Bank
2) RBL Bank
3) IDFC FIRST Bank
4) HDFC Bank
5) Axis BankAnswer-2) RBL Bank
Explanation:
Reserve Bank of India (RBI) has granted a 1-year extension, until 21st December 2024, for Bajaj Finance Limited(BFL)’s co-branded credit card partnership with Mumbai(Maharashtra) based RBL Bank Limited.
Note: RBI granted 1 year extension against the 2 years sought by Bajaj Finance.
i. RBI sited serious deficiencies in the Bajaj Finance’s adherence to RBI’s guidelines and stated that further extension from the current 1-year period would be subject to review
ii. RBI Guidelines: At present, RBI allows the NBFCs registered with RBI to issue co-branded credit cards with scheduled commercial banks, with prior approval of RBI for an initial period of two years and a review thereafter. - Name the bank that has recently (in Dec ‘23) received a penalty of Rs. 5 crore by the Reserve Bank of India (RBI) over shortage in the soiled note remittances as per RBI’s Clean Note Policy.
1) State Bank of India
2) Canara Bank
3) Bank of India
4) Bank of Baroda
5) Union Bank of IndiaAnswer-4) Bank of Baroda
Explanation:
Reserve Bank of India (RBI) has imposed a penalty of Rs. 5 crore on the Bank of Baroda (BoB) after detecting a shortage in the soiled note remittances as per RBI’s Clean Note Policy.
The RBI also imposed an additional penalty of Rs 2,750 on the BoB after it detected “fake and mutilated” notes in the soiled note remittances.
Clean Note Policy:
i. The clean note policy was adopted by the RBI in 2002 to ensure the availability of good quality banknotes to the public.
ii. Under the policy damaged, counterfeit, or soiled notes are removed from circulation by banks and financial institutions.
iii. The RBI regularly monitors the quality of currency notes in circulation and sets standards for their acceptability. - Which company has recently (in Dec ‘23) signed a Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) to supply 1,799 Mega Watt (MW) of solar power?
1) REC Limited
2) Adani Green Energy Limited
3) Reliance Industries Limited
4) Power Grid Corporation of India Limited
5) Bharat Heavy Electricals LimitedAnswer-2) Adani Green Energy Limited
Explanation:
On December 25, 2023, Adani Green Energy Limited (AGEL) signed a Power Purchase Agreement (PPA) with the Solar Energy Corporation of India (SECI) to supply 1,799 MW (Mega Watt) of solar power. The final PPA to supply 1,799 MW solar power was inked for a period of 25 years.
With this PPA, AGEL completes the power off-take tie-up for the 8,000 MW manufacturing-linked solar tender awarded to it by SECI in June 2020.
This set a record for being the world’s largest solar tender.
i. AGEL targets 45 GW of renewable energy by 2030, aligned with India’s 500 GW non-fossil fuel goal.
ii. AGEL has already commissioned a 2GW (Giga Watt) solar manufacturing plant through its associate company Mundra Solar Energy Ltd (MSEL) in Mundra, Gujarat.
AGEL holds 26% shares of MSEL through its wholly-owned subsidiary Adani Renewable Energy Holding Four Ltd. - Who has been recently (in Dec ‘23) appointed as the interim Managing Director (MD) and Chief Executive Officer (CEO) of the Slice-backed North East Small Finance Bank (NESFB)?
1) Smriti Chandra
2) Ram Krishna Garg
3) Satish Kumar Kalra
4) Rajan Bajaj
5) Gautam BaruaAnswer-3) Satish Kumar Kalra
Explanation:
The Reserve Bank of India (RBI) has approved the appointment of Satish Kumar Kalra, as interim Managing Director (MD) and Chief Executive Officer (CEO) of the Fintech startup Slice-backed North East Small Finance Bank (NESFB).
i. Kalra served as the MD & CEO, and Executive Director of Andhra Bank from 2012 to 2017. Later he served as the independent director at Lakshmi Vilas Bank from 2019 to 2021. At present, he is serving as an independent director at Can Fin Homes Limited.
ii. He has also served as a member of the Experience Advisory Board for Banking and Financial Frauds from 2020 to 2021.
Note- In October 2023, RBI approved the merger of Guwahati(Assam) based NESFB with Slice. Slice shareholders will own a 95-97% stake in the merged entity; the remaining is owned by NESFB shareholders. - In December 2023, China’s Taiyuan Satellite Launch Center launched three experimental satellites of the Shiyan 24C series onboard of ___________ (rocket) from the waters of the coast of Yangjiang in Guangdong province, China.
1) Long March 2D
2) Long March 2A
3) Long March 2F
4) Long March 3B
5) Long March 11Answer-5) Long March 11
Explanation:
On 26th December 2023, China’s Taiyuan Satellite Launch Center successfully launched a Long March 11, carrying three experimental satellites of the Shiyan 24C series, from the waters of the coast of Yangjiang in Guangdong province, China. The rocket has successfully placed the satellites into the preset orbit.
Note:
This was the 8th sea-based launch of Chinese rockets and the 2nd launch from the South China Sea.
It was the 503rd mission of the Long March carrier rocket series.
i. Shiyan-24C satellites were developed by the Shanghai Academy of Spaceflight Technology(SAST), a Chinese space agency and subordinate of China Aerospace Science and Technology Corporation (CASC).
ii. On 26th December 2023, China also launched the Long March-3B rocket carrying the 57th and 58th satellites of the BeiDou Satellite Navigation System (BDS) from the Xichang Satellite Launch Center in the southwestern Sichuan province, China.
This marks the 1st mission of sending two MEO (Medium Earth orbit) satellites in one go to the BDS-3 since the system was completed in 2020. - Which of the following personalities have authored the book, “Breaking the Mould: Reimagining India’s Economic Future”?
1) Urjit Patel & Amartya Sen
2) Raghuram Rajan & Rohit Lamba
3) Urjit Patel & Abhijit Banerjee
4) Raghuram Rajan & Amartya Sen
5) Bimal Jalan & Rohit LambaAnswer-2) Raghuram Rajan & Rohit Lamba
Explanation:
Former Reserve Bank of India (RBI) Governor Raghuram Rajan in collaboration with Economist Rohit Lamba authored a new book, titled “Breaking the Mould: Reimagining India’s Economic Future,” that explores strategies for accelerating India’s economic development.
The book was published by Penguin Random House India.
i. Raghuram Rajan is currently the Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago Booth School of Business in the United States of America (USA).
He served as the 23rd Governor of the RBI from 2013 to 2016, and the Vice Chairman of the Board of the Bank for International Settlements, from 2015 to 2016.
He was the Chief Economist and Director of Research at the International Monetary Fund (IMF) from 2003 to 2006.
ii. Rohit Lamba is an assistant professor of Economics at Pennsylvania State University, USA, and a visiting assistant professor of economics at New York University Abu Dhabi. - In which state/UT, the first-ever week-long winter carnival was inaugurated in December 2023?
1) Uttarakhand
2) Ladakh
3) Jammu and Kashmir
4) Sikkim
5) Himachal PradeshAnswer-5) Himachal Pradesh
Explanation:
Himachal Pradesh (HP) Chief Minister (CM) Sukhvinder Singh Sukhu inaugurated the first-ever week-long winter carnival at its historic Ridge in Shimla on 25 December 2023. The winter carnival will last up to 5 January 2024 and aims to boost the tourism activities in HP.
The event started with a cultural parade featuring 450 women presenting Mahanati, showcasing the talent of self-help groups and Anganwadi workers.
i. CM Sukhu also inaugurated the exhibition on the ridge, featuring stalls set up by the District Administration Shimla and various departments
ii. The carnival offers local dishes, laser shows, and various cultural programs, contributing to the celebration of Himachal Pradesh’s rich cultural heritage.
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