10th June 2023 Current Affairs Quiz: Welcome to the 10th June 2023 Current Affairs Quiz! Stay updated and test your knowledge on the latest events and developments from around the world. This quiz will cover a range of topics including international news, business, politics, sports, and more. Challenge yourself with thought-provoking questions and see how well you are informed about the happenings of the day. Whether you are preparing for competitive exams or simply want to stay informed, this Current Affairs Quiz 10th June 2023 will help you stay ahead. Good luck!
10th June 2023 Daily Current Affairs | Today GK Quiz
1. Who has been selected as the next Chairman and MD of General Insurance Corporation of India (GIC Re) by the Financial Services Institution Bureau (FSIB)?
A) M Rajeswari Singh
B) Sat Pal Bhanoo
C) N Ramaswamy
D) R. Doraiswamy
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Answer: C) N Ramaswamy
Explanation: According to the given information, N Ramaswamy has been selected as the next Chairman and MD of General Insurance Corporation of India (GIC Re) by the Financial Services Institution Bureau (FSIB).
2. What is the main objective of the Financial Services Institution Bureau (FSIB)?
A) To improve the governance and performance of financial institutions in India
B) To regulate the financial sector in India
C) To provide loans and grants to financial institutions
D) To promote international cooperation in the financial industry
Answer: A) To improve the governance and performance of financial institutions in India
Explanation: As mentioned in the text, the main objective of the Financial Services Institution Bureau (FSIB) is to improve the governance and performance of financial institutions in India.
3. What is the primary objective of the civil nuclear partnership launched under the Atlantic Declaration between the United States and the United Kingdom?
A) To reduce reliance on Chinese fuel sources
B) To promote clean energy cooperation
C) To enhance national security in the defense sector
D) To streamline data sharing between companies in both countries
Answer: B) To promote clean energy cooperation
Explanation: As mentioned in the text, the primary objective of the civil nuclear partnership launched under the Atlantic Declaration between the United States and the United Kingdom is to promote clean energy cooperation. The partnership aims to reduce reliance on Russian fuel sources and work towards achieving renewable energy goals while enhancing national security and energy independence.
4. How many insurers are there in the Indian life insurance segment after Go Digit Life Insurance received regulatory approval from IRDAI?
A) 25
B) 26
C) 27
D) 28
Answer: B) 26
Explanation: As mentioned in the text, the regulatory approval granted by IRDAI to Go Digit Life Insurance brings the total number of insurers in the Indian life insurance segment to 26.
5. What is Go Digit General Insurance planning to launch, as mentioned in the passage?
A) Certificate of Registration
B) Initial Public Offering (IPO)
C) Life insurance products
D) Range of general insurance products
Answer: B) Initial Public Offering (IPO)
Explanation: According to the information provided, Go Digit General Insurance is planning to launch an Initial Public Offering (IPO). The company has already submitted the necessary documents to the Securities and Exchange Board of India (SEBI) for regulatory approval. This move demonstrates Go Digit’s growth ambitions and its intention to raise capital for further expansion and investment opportunities.
6. What is the objective of allowing insurance companies to participate as stakeholders in the Trade Receivables Discounting System (TReDS)?
A) To enhance the cash flows of MSMEs
B) To increase transparency and competition in trade receivables financing
C) To provide insurance coverage for MSME sellers
D) To expand the pool of financiers in TReDS platforms
Answer: B) To increase transparency and competition in trade receivables financing
Explanation: As mentioned in the text, the objective of allowing insurance companies to participate in the Trade Receivables Discounting System (TReDS) is to promote transparency and competitiveness in the financing of trade receivables. By including insurance companies as stakeholders, the RBI aims to create a more robust ecosystem for trade receivables financing.
7. What is the purpose of the insurance facility introduced by the RBI for TReDS transactions?
A) To provide insurance coverage for MSME sellers
B) To hedge against default risks for financiers
C) To reduce the burden of premium charges on insurance companies
D) To encourage more participation from low-rated buyers
Answer: B) To hedge against default risks for financiers
Explanation: The purpose of the insurance facility introduced by the RBI for TReDS transactions is to enable financiers to hedge against default risks. Financiers participating in TReDS platforms often hesitate to bid for payables from low-rated buyers due to default risks. The insurance facility allows them to mitigate these risks and boosts their confidence in participating in TReDS.
8. Which of the following is a service provided by TransUnion CIBIL?
A) Credit reports and scores
B) Corporate investment banking
C) Development finance
D) Private equity advisory
Answer: A) Credit reports and scores
Explanation: TransUnion CIBIL is a credit information company in India that collects data on credit accounts, loans, and other financial information from lenders and financial institutions. Based on this data, TransUnion CIBIL creates credit reports and scores for individuals and businesses. These reports and scores are used by lenders to assess the risk of lending money to borrowers. Therefore, credit reports and scores are the services provided by TransUnion CIBIL.
9. The first edition of India, France, and UAE Maritime Partnership Exercise primarily focuses on:
A) Air combat operations
B) Anti-piracy operations
C) Submarine construction
D) Tactical firing and missile engagements
Answer: B) Anti-piracy operations
Explanation: The given passage states that the exercise aims to enhance trilateral cooperation between India, France, and the UAE, and it focuses on ensuring the safety of mercantile trade and freedom of navigation on high seas in the region. It also mentions that India and the UAE conduct joint air combat exercises and bilateral naval exercises to enhance security cooperation and counter terrorist threats. However, the specific activities mentioned in the passage for the first edition of this exercise include surface warfare, tactical firing, missile engagements, helicopter operations, advanced air defense exercises, and boarding operations. The primary focus mentioned in the passage is anti-piracy operations, which aligns with the objective of ensuring the safety of mercantile trade.
10. According to Mercer’s Cost of Living survey, which Indian city has been identified as the most expensive city for expatriates?
A) New Delhi
B) Bengaluru
C) Mumbai
D) Chennai
Answer: C) Mumbai
Explanation: The given passage states that Mumbai has been identified as the most expensive city for expatriates in India according to Mercer’s Cost of Living survey. The survey analyzed 227 cities across five continents to determine the cost of living for expats. It further mentions that New Delhi and Bengaluru ranked second and third respectively on the list. Therefore, the correct answer is option C) Mumbai.
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