11th September 2023 Current Affairs Quiz: Welcome to the 11th September 2023 Current Affairs Quiz! Stay updated with the latest events and developments from around the world by testing your knowledge on the most significant news stories of the day. This quiz will challenge your awareness of politics, economics, science, and more. Let’s dive in and see how well you’ve been following the current affairs on this date. Good luck!
11th September 2023 Current Affairs | Today GK Quiz
1. What is the primary focus of the partnership between IIM Indore and NSDC?
A) Academic excellence
B) Rural marketing
C) Skill development and entrepreneurship
D) Export promotion
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Answer: C) Skill development and entrepreneurship
Explanation: The partnership’s primary focus is on advancing skill development and entrepreneurship in India.
2. What key element of the MoU will provide insights into industry dynamics and stakeholder needs?
A) Joint research activities
B) Skill-based credit scoring
C) Market linkages
D) Rural internships
Answer: A) Joint research activities
Explanation: Joint research activities, including surveys and qualitative research methods, will provide profound insights into industry dynamics and stakeholder needs.
3. What is the recent development regarding ICICI Bank and I-Process Services?
A) ICICI Bank has decided to close down I-Process Services.
B) I-Process Services is now a fully independent company.
C) ICICI Bank has received RBI approval to convert I-Process Services into a wholly-owned subsidiary.
D) I-Process Services has acquired ICICI Bank.
Answer: C) ICICI Bank has received RBI approval to convert I-Process Services into a wholly-owned subsidiary.
Explanation: ICICI Bank has secured RBI approval to convert I-Process Services into its wholly-owned subsidiary.
4. When was I-Process Services established, and what is its primary business?
A) Established in 2005, it offers staffing solutions.
B) Established in 2021, it operates in the IT sector.
C) Established in 2005, it specializes in agriculture.
D) Established in 2010, it is a real estate company.
Answer: A) Established in 2005, it offers staffing solutions.
Explanation: The I-Process Services was established in 2005 and is involved in offering staffing solutions to financial institutions.
5. What is the purpose of extending the wholesale CBDC into the call money market as mentioned in the article?
A) To introduce CBDC for broader usage among private sector entities.
B) To experiment with various markets and technologies.
C) To exclusively serve select financial institutions.
D) To facilitate transactions involving government securities.
Answer: B) To experiment with various markets and technologies.
Explanation: The extension of the wholesale CBDC into the call money market aims to experiment with various markets and technologies.
6. Which banks were selected to participate in the pilot project for the wholesale CBDC?
A) Only public sector banks like SBI and Bank of Baroda.
B) A mix of public and private sector banks, including SBI, Bank of Baroda, and HDFC Bank.
C) Only private sector banks like ICICI Bank and Kotak Mahindra Bank.
D) All banks operating in India.
Answer: B) A mix of public and private sector banks, including SBI, Bank of Baroda, and HDFC Bank.
Explanation: Nine prominent banks, including both public and private sector banks, were selected to participate in the pilot project for the wholesale CBDC.
7. When is the foundation stone of the world’s highest fighter airfield at Nyoma in Ladakh scheduled to be placed?
A) September 12, 2022
B) September 12, 2023
C) September 12, 2024
D) September 12, 2025
Answer: B) September 12, 2023
Explanation: The foundation stone for the fighter airfield is scheduled to be placed on September 12, 2023.
8. What is the elevation of Nyoma, where the fighter airfield is being constructed?
A) 3,488 meters
B) 4,180 meters
C) 5,000 meters
D) 13,710 meters
Answer: B) 4,180 meters
Explanation: Nyoma’s elevation is 4,180 meters (13,710 feet) above sea level, making it one of the highest-altitude locations in the region.
9. When will the RBI release 25% of the I-CRR?
A) September 9 and October 7
B) September 9 and September 23
C) September 23 and October 7
D) September 23 and September 30
Answer: B) September 9 and September 23
Explanation: The RBI will release 25% of the I-CRR on September 9 and September 23.
10. What was the purpose of RBI’s directive to banks to maintain an incremental Cash Reserve Ratio (I-CRR)?
A) To encourage banks to lend more money to customers
B) To absorb surplus liquidity in the banking system
C) To decrease interest rates on loans
D) To increase the profitability of banks
Answer: B) To absorb surplus liquidity in the banking system
Explanation: RBI intended to absorb the surplus liquidity in the banking system with the I-CRR directive.
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