AffairsCloud brings you the complete and important daily Current Affairs Quiz 30 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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- Which of the following points is “Incorrect” with respect to the Cabinet approval on 27th December 2023?
1) The Cabinet Committee on Economic Affairs (CCEA) has approved the Minimum Support Prices (MSPs) for Fair Average Quality(FAQ) of milling copra has been fixed at Rs. 11,160 per quintal and for ball copra at Rs.12,000 per quintal for the 2024 season.
2) CCEA approved the project for the improvement and widening of the Khowai-Harina road covering a total length of 234.192 kms in Arunachal Pradesh.
3) CCEA approved the Construction of a New 4556 meter-long, 6-Lane High Level/ Extradosed Cable-stayed Bridge across the River Ganga connecting Patna and Saran (National highway NH-139W), Bihar.
4) The Union Cabinet gave ex-post facto approval for the proposal to sign the Migration and Mobility Agreement between the government of India (GoI) and the Government of the Italian Republic.
5) The Union Cabinet chaired by PM Modi has approved the proposal to open the Consulate General of India in Auckland, New Zealand to increase India’s diplomatic footprint.Answer-2) CCEA approved the project for the improvement and widening of the Khowai-Harina road covering a total length of 234.192 kms in Arunachal Pradesh.
Explanation:
The Union Cabinet chaired by Prime Minister(PM) Narendra Modi approved the following proposals on 27th December 2023.
i. The Cabinet Committee on Economic Affairs (CCEA), chaired by PM Modi, approved the Minimum Support Prices (MSPs) for Copra for the 2024 season.
The MSP for Fair Average Quality(FAQ) of milling copra has been fixed at Rs. 11,160 per quintal and for ball copra at Rs.12,000 per quintal for the 2024 season.
The MSP has been increased by Rs 300 per quintal for milling copra and Rs.250 per quintal for ball copra over the previous season.
The new rates will ensure a margin of 51.84% for milling copra and 63.26% for ball copra. This is over 1.5 times the all-India weighted average cost of production.
ii. CCEA approved the project for the improvement and widening of the Khowai-Harina road covering a total length of 134.913 kms in Tripura.
iii. CCEA approved the Construction of a New 4556 meter-long, 6-Lane High Level/ Extradosed Cable-stayed Bridge across the River Ganga connecting Patna and Saran (National highway NH-139W), Bihar.
iv. The Union Cabinet gave ex-post facto approval for the proposal to sign the Migration and Mobility Agreement between the government of India (GoI) and the Government of the Italian Republic.
v. The Union Cabinet chaired by PM Modi has approved the proposal to open the Consulate General of India in Auckland, New Zealand to increase India’s diplomatic footprint.
vi. The Union Cabinet approved the Memorandum of Understanding (MoU) signed between Prasar Bharati, a Public Broadcaster of India and Radio Television Malaysia, a Public Service Broadcaster of Malaysia on 7th November 2023. - Which Indian Institute of Technology (IIT) has recently (in Dec ‘23) collaborated with the Reliance Jio Infocomm Limited (Jio) to develop the ‘BharatGPT(Generative Pre-Trained Transformer)’ program?
1) IIT Kharagpur
2) IIT Bombay
3) IIT Kanpur
4) IIT Delhi
5) IIT MadrasAnswer-2) IIT Bombay
Explanation:
Reliance Jio Infocomm Limited (Jio), a subsidiary of Reliance Industries Limited(RIL), has collaborated with the Indian Institute of Technology (IIT) Bombay, Mumbai, Maharashtra, to develop the ‘BharatGPT(Generative Pre-Trained Transformer)’ program.
i. About Bharat GPT program:
Bharat GPT program aims to use large language models and generative Artificial Intelligence (AI) to improve various sectors in India.
The program is part of an upgraded mobile ecosystem ‘Jio 2.0’ of Reliance Jio.
ii. IIT Guwahati & Assam Govt Collaborated for Arohan Scheme to Promote STEM Subjects
Indian Institute of Technology (IIT) Guwahati, Assam in collaboration with the Government of Assam had hosted a career progression session for meritorious students of Assam to help them to pursue Science, Technology, Engineering, and Mathematics (STEM) subjects in their higher education as part of Assam’s flagship programme ‘Arohan’.
The programme happened during a four/five-day stay in IIT Guwahati from October to December 2023. - In which city, 8th edition of the Indian Ocean Naval Symposium (IONS) Conclave of Chiefs (CoC) (2023) was held in December 2023?
1) Dhaka, Bangladesh
2) Bangkok, Thailand
3) Paris, France
4) Delhi, India
5) Tehran, IranAnswer-2) Bangkok, Thailand
Explanation:
The 8th edition of the Indian Ocean Naval Symposium (IONS) Conclave of Chiefs (CoC) (2023) hosted by the Royal Thai Navy (RTN) was held in Bangkok, Thailand from 19–22 December 2023.
The 8th Conclave marks the transition of IONS Chairmanship from France(2021-23) to Thailand(2023-2025).
Chiefs of Navies, and Heads of Maritime Agencies from 27 IONS member/observer countries participated in the conclave.
Admiral R Hari Kumar, Chief of the Naval Staff (CNS) of the Indian Navy (IN), led the 3-member Indian Naval delegation for the conclave.
i. During the CoC, Thailand assumed the duties of Chair of IONS, and finalised the Work Plan for the next 2 years.
ii. As a first, the Flag designed by India has been chosen as the IONS Flag.
iii. India also took over as the co-chair of IONS Working Groups on Maritime Security and Humanitarian Assistance and Disaster Relief (HADR) for the forthcoming cycle. - Which of the following points is/are “correct” with respect to the recent step taken by the Securities and Exchange Board of India (SEBI) in December 2023?
A) SEBI notified a procedure for public issuance of Zero Coupon Zero Principal (ZCZP) Instruments by a Not-for-Profit Organization (NPO) and listing of such instruments on the Social Stock Exchange (SSE).
B) The NPO, via lead manager(s), submits the draft fundraising document to the registered SSE with specified fees and an application for in-principle approval & the draft document is posted on both SSE and the organization’s website for a minimum of 21 days for public comments.
C) SEBI has also allowed stock brokers to settle Client’s Funds lying with Trading Member (TM) on Saturdays i.e. one more day is provided.
1) Only A
2) Only A & B
3) Only B & C
4) Only A & C
5) All A, B & CAnswer-5) All A, B & C
Explanation:
On December 28, 2023, the Securities and Exchange Board of India (SEBI) notified a procedure for public issuance of Zero Coupon Zero Principal (ZCZP) Instruments by a Not for Profit Organization (NPO) and listing of such instruments on the Social Stock Exchange (SSE).
This procedure is added in the Framework on SSE issued in September 2022.
It should be noted that SSE framework resulted in the amendment of (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR Regulations) and (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR Regulations).
i. Procedure for Public Issuance of ZCZP Instruments by NPO
The NPO, via lead manager(s), submits the draft fundraising document to the registered SSE with specified fees and an application for in-principle approval.
The draft document is posted on both SSE and the organization’s website for a minimum of 21 days for public comments.
The SSE provides observations within 30 days of filing or receiving clarifications from the organization.
The organization incorporates SSEs observations into the draft fundraising document and submits the final version before initiating the issuance.
ii. SEBI has also allowed stock brokers to settle Client’s Funds lying with Trading Member (TM) on Saturdays i.e. one more day is provided. Now, stock brokers can settle the running account of clients’ funds on the first Friday or Saturday of the quarter or month at the choice of the clients.
The new framework will be applicable from the quarterly settlement of January-March 2024 and monthly settlement of January 2024.
This information by SEBI is issued in exercise of powers conferred under Section 11(1) of the SEBI Act, 1992. - According to the Reserve Bank of India (RBI)’s list of Domestic Systemically Important Banks (D-SIBs) released in December 2023, which of the following banks will need to maintain higher capital from 1st April, 2025?
1) State Bank of India
2) HDFC Bank
3) Axis Bank
4) Both 1 & 2
5) Both 2 & 3Answer-4) Both 1 & 2
Explanation:
On December 28, 2023, the Reserve Bank of India (RBI) released the list of Domestic Systemically Important Banks (D-SIBs) in which State Bank of India (SBI), HDFC Bank and ICICI Bank continued to be identified as D-SIBS. However, SBI and HDFC Bank will need to maintain higher capital from April 1, 2025.
i. The additional common equity Tier 1 (CET-1) as a percentage of Risk Weighted Assets (RWAs) requirement for SBI will be 0.80%, and for HDFC Bank, it will be 0.40%.
Note: The RBI has moved SBI from bucket 3 to bucket 4 and HDFC Bank from bucket 1 to bucket 2. This means they will have to meet the above mentioned higher additional CET 1 requirements. Upto March 31, 2025, the D-SIB surcharge applicable to SBI and HDFC Bank is 0.60% and 0.20%, respectively.
ICICI Bank continues to be in the same bucketing structure i.e. bucket 1 with 0.20% addition CET-1 requirement. - Who has recently (in Nov ‘23) launched the new logo of the Institute of Chartered Accountants of India (ICAI) during the 1st ever Global Professional Accountants Convention (GloPAC) held in Gandhinagar, Gujarat?
1) Amit Shah (Union Minister of Home Affairs)
2) Jagdeep Dhankhar (Vice President of India)
3) Droupadi Murmu (President of India)
4) Narendra Modi (Prime Minister of India)
5) Nirmala Sitharaman (Union Minister of Finance)Answer-2) Jagdeep Dhankhar (Vice President of India)
Explanation:
Jagdeep Dhankhar, Vice-President(VP) of India, launched the new logo of the Institute of Chartered Accountants of India (ICAI) during the 1st ever Global Professional Accountants Convention (GloPAC) held in Gandhinagar, Gujarat from 24th-26th November 2023.
Union Minister Piyush Goyal, Ministry of Commerce and Industry, graced the event as a Guest of honour.
i. The logo features the letters ‘CA’ in blue colour with an inverted tricolour tick mark on a white background and the word ‘India’ at the bottom of the symbol.
ii. The upside-down tick mark used by Chartered Accountants (CA) during audits is included to symbolise the wisdom and value of the professionals. - In December 2023, __________ was appointed as the 1st woman Director General (DG) of the Central Industrial Security Force (CISF).
1) Sheila Samanta
2) Nina Singh
3) Madhuri Kanitkar
4) Arti Sarin
5) Geetika KoulAnswer-2) Nina Singh
Explanation:
Nina Singh was appointed as the 1st woman Director General (DG) of the Central Industrial Security Force (CISF). She will hold the post till her superannuation on July 31, 2024.
She was holding the additional charge of DG of CISF from August 2023 following the superannuation of Sheel Vardhan Singh, who held the position from November 2021 to August 2023.
i. Anish Dayal Singh, DG of Indo-Tibetan Border Police (ITBP) was appointed as the full-time DG of the Central Reserve Police Force (CRPF) till his superannuation on 31 December 2024.
He was holding the additional DG, CRPF charge following S L Thaosen’s retirement on 30 November 2023.
ii. Rahul Rasgotra succeeded Anish Dayal Singh and will be the new DG of ITBP till the date of his superannuation on 30 September 2025.
iii. Vivek Srivastava was appointed as DG of the Fire Service, Civil Defence, and Home Guards till the date of his superannuation on 30 June 2025.
Before that, he was a special director of IB. - Who has been recently (in Dec ‘23) appointed as the Global Brand Ambassador for Hyundai Motor India Limited (HMIL)?
1) Anushka Sharma
2) Deepika Padukone
3) Alia Bhatt
4) Katrina Kaif
5) Priyanka ChopraAnswer-2) Deepika Padukone
Explanation:
Hyundai Motor India Limited (HMIL), a wholly-owned subsidiary of South Korea-based Hyundai Motor Company (HMC), has roped in Deepika Padukone, a Bollywood actress and producer as its brand ambassador.
Deepika Padukone’s profound connection with the Indian audience represents Hyundai’s commitment to its customers.
As a brand ambassador, Deepika will act as a catalyst to bridge the gap between cutting-edge automobiles and Indian customers. - Russia’s Roscosmos and the National Aeronautics and Space Administration (NASA) have recently (in Dec ‘23) agreed to extend their partnership in space exploration by continuing cross-flights, to the International Space Station (ISS) until ___________(year).
1) 2029
2) 2028
3) 2025
4) 2026
5) 2027Answer- 3) 2025
Explanation:
Russia’s Roscosmos and the National Aeronautics and Space Administration (NASA) have agreed to extend their partnership in space exploration by continuing cross-flights, involving crews of various nationalities to travel on a single spacecraft to the International Space Station (ISS) until 2025.
The mutual commitment is aimed at ensuring the overall reliability and operational continuity of ISS and will be carried out on Russian and United States of America (U.S.) spacecraft.
The cross-flights involve sending 1 American astronaut to the ISS as part of the crew of a Russian spacecraft and 1 Russian cosmonaut as part of an American crew.
i. The ISS was launched in 1998 at a time of increased US-Russia cooperation following the Cold War “Space Race.”
ii. The current ISS partners, including the United States, Russia, Europe, Canada, and Japan, have officially committed to operate the space station until 2024.
The 5 space agencies are NASA (U.S.), Roscosmos (Russia), the European Space Agency (ESA), the Japan Aerospace Exploration Agency (JAXA), and the Canadian Space Agency (CSA). - In December 2023, the Indian Navy (IN) inducted the Missile Cum Ammunition (MCA) Barge, LSAM 10 (Yard 78), the ________ Barge of the MCA Barge project in Mumbai, Maharashtra for the Naval Armament Depot (NAD), Karanja, Mumbai.
1) 6th
2) 4th
3) 2nd
4) 5th
5) 3rdAnswer-2) 4th
Explanation:
On 28 December 2023, The Indian Navy (IN) inducted the Missile Cum Ammunition (MCA) Barge, LSAM 10 (Yard 78), the 4th Barge of the 08 x MCA Barge project at Naval Dockyards in Mumbai, Maharashtra for the Naval Armament Depot (NAD), Karanja, Mumbai.
The induction Ceremony was presided over by Cmde MV Raj Krishna, CoY(Mbi).
The barge was built by the SECON Engineering Projects Pvt Ltd (SEPPL), Visakhapatnam, Andhra Pradesh for the IN.
i. The Barges are indigenously designed and built by the classification Naval Rules and Regulations of the Indian Register of Shipping (IRS).
ii. The model testing of the Barge during the design stage was conducted at the Naval Science and Technological Laboratory (NSTL), Visakhapatnam.
Note: The 1st Barge of series LSAM 7 (Yard 75) was delivered to IN on 18th July 2023.
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