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Current Affairs Quiz: 28 October 2023

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AffairsCloud brings you the complete and important daily Current Affairs Quiz 28 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.

  1. In October 2023, __________ became the first state in India to have hallmarking centers in all districts.
    1) Tamil Nadu
    2) Maharashtra
    3) Karnataka
    4) Madhya Pradesh
    5) Kerala
    Answer-5) Kerala
    Explanation:
    Kerala has become the first state in India to have hallmarking centers in all of its 14 districts. This was achieved after the inauguration of a hallmarking center in Adimali, Idukki district, Kerala.
     This will make Kerala a hub of gold business and strengthen its claim to being the most reliable market in India.
    i. The gold business in Kerala is worth more than Rs 1 lakh crore with annual sales of around 250 tonnes.
    ii. In Kerala, there are about 12,000 gold merchants and majority of them are holding Bureau of Indian Standards (BIS) registration.

  2. The Regional Connectivity Scheme (RCS) – UDAN (Ude Desh Ka Aam Nagrik) Scheme completed its ________ year in 2023.
    1) 2nd
    2) 5th
    3) 4th
    4) 6th
    5) 3rd
    Answer-4) 6th
    Explanation:
    The Regional Connectivity Scheme (RCS) – UDAN (Ude Desh Ka Aam Nagrik i.e. let the country’s common man fly) Scheme which focuses on improving unserved air routes in underserved regions of India, completes its 6th year in 2023.
    i. The RCS-UDAN scheme was launched as part of the National Civil Aviation Policy (NCAP) 2016 by the Ministry of Civil Aviation (MoCA) on October 21, 2016, with a 10-year vision.
    ii. The first RCS-UDAN flight was inaugurated by Prime Minister (PM)  Narendra Modi on 27th April 2017, connecting Shimla(Himachal Pradesh) to Delhi.
    iii. RCS-UDAN is contributing to the growth of the civil aviation industry as four new & successful airlines have come up in the last 6 years.
     The scheme has helped airline operators to start up and develop a sustainable business model.

  3. Which state’s Indian Red Cross Society (IRCS) has recently (in Oct ‘23) signed an MoU with National Cadet Corps (NCC) to enroll NCC students as Youth Red Cross(YRC) Volunteers?
    1) Maharashtra
    2) West Bengal
    3) Andhra Pradesh
    4) Karnataka
    5) Telangana
    Answer-3) Andhra Pradesh
    Explanation:
    The Indian Red Cross Society (IRCS), Andhra Pradesh(AP), has signed a first of its kind Memorandum of Understanding (MoU) with the National Cadet Corps (NCC) to enroll NCC students as Youth Red Cross(YRC) Volunteers in Andhra Pradesh(AP).
    i. Under this MoU, the IRSC AP will instruct NCC cadets in first aid, CPR, and disaster relief. NCC Cadets will be encouraged to donate blood in times of need and to participate in environmental activities to combat climate change.
    ii. As a YRC Volunteer, NCC students will extend services during emergencies in AP.

  4. Name the Armed forces that has recently (in Oct ‘23) signed a contract with an Indian manufacturer for the procurement of automatic weather stations at 82 IAF locations.
    1) Indian Navy
    2) Indian Air Force
    3) Indian Army
    4) Indian Coast Guard
    5) Indo-Tibetan Border Police
    Answer-2) Indian Air Force
    Explanation:
    The Indian Air Force (IAF) has signed a contract with an Indian manufacturer for the procurement of automatic weather stations at 82 IAF locations.
     This technology advancement will significantly improve aerospace safety by providing real-time weather updates throughout flight operations and training.
    i. This procurement is especially crucial for India’s strategic positions, including Daulat Beg Oldie(Ladakh), the highest airstrip at 16,700 feet, as well as Fukche and Nyoma in Ladakh, which have been approved for conversion into fully operational fighter bases.
    ii. This procurement will also help several advanced landing grounds (ALGS) in Ladakh, including Tuting, Vijaynagar, Walong, Ziro, and Tawang, as well as various high-altitude helipads.

  5. In October 2023, India and the European Union(EU) conducted their first joint naval exercise in the ___________(place).
    1) Gulf of Aqaba
    2) Gulf of Honduras
    3) Gulf of Aden
    4) Gulf of Bothnia
    5) Gulf of Guinea
    Answer-5) Gulf of Guinea
    Explanation:
    India and the European Union (EU) conducted their first joint naval exercise in the Gulf of Guinea on 24th October 2023.  The exercise was designed to uphold the United Nations Convention on the Law of the Sea (UNCLOS).
     The exercise took place after the third meeting of the EU-India Maritime Security Dialogue, which was held in Brussels on October 5, 2023.
    i. The exercise involved the Indian Navy’s Offshore Patrol Vessel Indian Naval Ship (INS) Sumedha
    ii. Ships of 3 EU member states (Italy, France and Spain) also participated in the exercise. They are:
     Italian Ship Foscari – Italian Navy
     French Ship(FS) Ventôse – French Navy
     Spanish Ship Tornado – Spanish Navy.
    iii. The Yaoundé Architecture is a regional framework for maritime security cooperation to prevent and prosecute illicit activities in the Gulf of Guinea.

  6. Which company has recently (in Oct ‘23) received in-principle authorization to operate as an online payment aggregator (PA)?
    1) Zaakpay
    2) PaymentCloud
    3) Clover
    4) Payline Data
    5) Payment Depot
    Answer-1) Zaakpay
    Explanation:
    Reserve Bank of India(RBI) has granted in-principle authorization to MobiKwik’s payment gateway arm Zaakpay to operate as an online payment aggregator (PA).
     This will enable Zaakpay to onboard new merchants onto its platform for processing online payments and scale the number of merchants associated with the startup.
    i. RBI Guidelines: In March 2020, RBI issued Guidelines on Regulation of Payment Aggregators and Payment Gateways and introduced various measures for payment aggregators operating in India.
    ii. Capital Requirements for Payment Aggregators(PAs):
     Existing PAs: PAs should achieve a net-worth of Rs 15 crore by March 31, 2021 and a net-worth of Rs 25 crore by the end of the third financial year(March 31, 2023).
     New PAs: PAs shall have a minimum net-worth of Rs 15 crore at the time of application and shall attain a net-worth of  Rs 25 crore by the end of third financial year of grant of authorisation.
    Note- The net-worth of Rs 25 crore shall be maintained at all times thereafter.

  7. Which bank has recently (in Oct ‘23) launched a lifetime zero-balance savings account?
    1) Bank of Maharashtra
    2) Bank of India
    3) Union Bank of India
    4) Bank of Baroda
    5) Canara Bank
    Answer-4) Bank of Baroda
    Explanation:
    Bank of Baroda (BoB) launched a lifetime zero-balance savings account called the Bob LITE Savings Account as a part of “BOB Ke Sang Tyohaar Ki Umang” festive campaign.
    i. The Bob LITE Savings Account comes with a lifetime-free RuPay Platinum debit card (subject to maintaining a quarterly average balance (QAB)).
     The account can be opened by any resident individual, including minors (above 10 years).
    ii. In September 2023, BoB launched the “BOB Ke Sang Tyohaar Ki Umang” festive campaign. The campaign will run up to 31st December 2023.

  8. In October 2023, His Royal Highness (HRH) Sultan Ibrahim ibni Almarhum Sultan Iskandar was elected as the 17th King of ___________ (country) for a term of 5 years.
    1) Oman
    2) Malaysia
    3) Morocco
    4) Kuwait
    5) Jordan
    Answer-2) Malaysia
    Explanation:
    His Royal Highness (HRH) Sultan Ibrahim ibni Almarhum Sultan Iskandar, the Ruler of the southern Malaysian state of Johor, was elected as the 17th King of Malaysia, also known as Yang di-Pertuan Agong (YDPA) XVII, for a term of 5 years, which will begin on 31st January 2024.
    i. He was elected by the Conference of Rulers during its 263rd (Special) meeting held at the National Palace(Istana Negara) in Kuala Lumpur, Malaysia.
    ii. He will replace incumbent Sovereign Al-Sultan Abdullah ibni Sultan Ahmad Shah, Ruler of Pahang state, who has been serving as the 16th King since 2019. His tenure is set to end on 30th January 2024.
    iii. Sultan of Perak, Sultan Nazrin Muizzuddin Shah, will be appointed deputy king for 5 years from 31 January 2024.

  9. Name the Consulting company that has been recently (in Oct ‘23) appointed by the government of India  to help prepare India’s Vision 2047 document.
    1) Deloitte Consulting Group
    2) OC&C Strategy Consultants
    3) L.E.K. Consulting
    4) EY-Parthenon
    5) Boston Consulting Group
    Answer-5) Boston Consulting Group
    Explanation:
    The government of India has appointed the Boston Consulting Group (BCG), a global consulting firm, to help prepare the Vision 2047 document, outlining India’s medium-term objectives for becoming a developed economy in the next 25 years.
     The document will emphasise strategic measures to elevate India to a middle-income country.
    i. The Vision 2047 document will emphasise leveraging India’s expertise in the industry, services, agriculture, trade, and human capital, along with a focus on enhancing governance systems and public goods accessibility.
    ii. Ensuring inclusive economic growth will be a pivotal component of this Vision 2047 document.

  10. In October 2023, the Competition Commission of India (CCI) approved the re-balancing of the existing cross-shareholdings between Renault S.A. (Renault) and  _____________ (company).
    1) Ashok Leyland Ltd.
    2) Eicher Motors Co. Ltd.
    3) Nissan Motor Co. Ltd.
    4) Tata Motors Co. Ltd.
    5) Hindustan Motors Co. Ltd.
    Answer-3) Nissan Motor Co. Ltd.
    Explanation:
    The Competition Commission of India (CCI) has approved the re-balancing of the existing cross-shareholdings between Renault S.A. (Renault) and Nissan Motor Co. Ltd. (Nissan)(Rebalancing).
    i. This also relates to the changes to the shareholding of 2 of their joint ventures(JV) Renault Nissan Automotive India Private Limited (RNAIPL) and Renault Nissan Technology & Business Centre India Private Limited (RNTBCI) in India.





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