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12th October 2023 Current Affairs Quiz: Welcome to the Current Affairs Quiz for 12th October 2023! In this quiz, we will explore the latest events, developments, and news from around the world. It’s an opportunity to test your knowledge and stay updated with the most significant happenings across various fields, including politics, technology, science, and more. Let’s dive into the quiz and see how well you’re informed about the current affairs of the day. Good luck!
12th October 2023 Current Affairs | Today GK Quiz
1. What is the significance of designating the Gangetic Dolphin as Uttar Pradesh’s state aquatic animal?
A. To promote tourism in the state
B. To raise awareness about the importance of river and pond purity
C. To enhance agricultural practices
D. To increase fish populations in rivers
Answer: B
Explanation: Designating the Gangetic Dolphin as the state aquatic animal is done to highlight the importance of conserving these unique creatures and preserving the purity of the rivers and ponds they inhabit.
2. What is the primary objective of the “Meri Ganga Meri Dolphin 2023” campaign?
A. To create more employment opportunities in Uttar Pradesh
B. To count the population of tigers in Tiger Reserves
C. To safeguard the Gangetic Dolphin and raise awareness about their conservation
D. To promote tourism along the Ganga River
Answer: C
Explanation: The “Meri Ganga Meri Dolphin 2023” campaign is a comprehensive initiative aimed at safeguarding the Gangetic Dolphin and raising awareness about their conservation.
3. What is the primary goal of the renewed Memorandum of Understanding (MoU) between IGNOU and ICAI?
A. To increase the fees for chartered accountancy courses
B. To enhance academic collaboration between the two institutions
C. To provide free education to all students
D. To promote cultural activities on campuses
Answer: B
Explanation: The primary goal of the renewed MoU is to enhance academic collaboration between IGNOU and ICAI, providing new educational opportunities for students in the field of Chartered Accountancy.
4. What is the significance of this MoU in relation to the National Education Policy (NEP) 2020 and the University Grants Commission (UGC) framework?
A. It has no connection to NEP 2020 or UGC.
B. It contradicts the goals of NEP 2020.
C. It aligns with NEP 2020 and UGC framework.
D. It solely focuses on practical education.
Answer: C
Explanation: This MoU is significant because it aligns with the National Education Policy (NEP) 2020 and the curriculum and credit framework set forth by the University Grants Commission (UGC), demonstrating its compatibility with national education goals.
5. Why did Bank of Baroda approve a plan to raise up to Rs 10,000 crore through long-term bonds?
A. To launch a new digital banking app.
B. To downgrade its stock from “buy” to “hold.”
C. To support infrastructure development and affordable housing.
D. To increase its international deposits.
Answer: C
Explanation: Bank of Baroda approved the fundraising plan to raise funds for supporting infrastructure development and affordable housing.
6. What was the reason for HSBC downgrading Bank of Baroda’s stock and changing its target price?
A. Strong business growth.
B. A 21 percent YoY increase in international deposits.
C. Concerns about the onboarding process for new customers through the digital banking app.
D. Retail loans driving overall loan growth.
Answer: C
Explanation: HSBC downgraded Bank of Baroda’s stock from “buy” to “hold” and changed its target price due to concerns regarding the onboarding process for new customers through the digital banking app, BoB World.
7. What is the primary objective of the “Digital DARPG” campaign inaugurated by Dr. Jitendra Singh on September 29, 2023?
A. To create a large language model for CPGRAMS.
B. To improve record management in government offices.
C. To reduce the redressal time for public grievances.
D. To achieve 100% service saturation in Jammu & Kashmir.
Answer: B
Explanation: The “Digital DARPG” campaign aims at enhancing service delivery, utilizing emerging technologies, and ensuring efficient record management within government offices.
8. Which states achieved 100% service saturation through their Unified Service Delivery Portals as part of the “Digital DARPG” initiative?
A. Jammu & Kashmir and Odisha
B. Kerala and Odisha
C. Jammu & Kashmir, Kerala, and Odisha
D. None of the above
Answer: C
Explanation: Jammu & Kashmir, Kerala, and Odisha achieved 100% service saturation through their Unified Service Delivery Portals as part of the “Digital DARPG” initiative.
9. What is the primary focus of SEBI’s investigation into the Adani Group and the Gulf Asia Trade & Investment fund?
A. To determine the relationship between the Adani Group and SEBI.
B. To investigate allegations of accountancy fraud and stock manipulation.
C. To assess the investment practices of Gulf Asia fund in non-Indian companies.
D. To scrutinize the financial transactions of short-seller Hindenburg Research.
Answer: B
Explanation: SEBI’s investigation is primarily focused on allegations of accountancy fraud and stock manipulation made against the Adani Group.
10. Why did the Adani Group’s failure to disclose Gulf Asia as a related party raise concerns during the investigation?
A. Because the Gulf Asia fund is based in the British Virgin Islands.
B. Because the Gulf Asia fund is owned by Dubai-based businessman Nasser Ali Shaban Ali.
C. Because it suggested a lack of transparency in financial transactions.
D. Because it indicated a potential partnership between the Adani Group and Hindenburg Research.
Answer: C
Explanation: The Adani Group’s failure to disclose Gulf Asia as a related party raised concerns about transparency in financial transactions, which is a focus of the investigation.
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