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21st October 2023 Current Affairs Quiz: Welcome to the 21st October 2023 Current Affairs Quiz! In this quiz, we will explore and test your knowledge on the latest and most significant events, developments, and news from around the world as of 21st October 2023. Stay updated and informed about the key happenings in various fields, including politics, economics, technology, and more. Test your awareness of current affairs and see how well you are tuned in to the events shaping our world today. Good luck and enjoy the quiz!
21st October 2023 Current Affairs | Today GK Quiz
1. What is the primary goal of the E-Rupee pilot project introduced by the Reserve Bank of India?
A) To facilitate peer-to-peer (P2P) transactions
B) To optimize costs for loan sanction and disbursement
C) To revolutionize inter-bank transactions using digital currency
D) To regulate the fintech industry
Answer: C) To revolutionize inter-bank transactions using digital currency
Explanation: The primary objective of the E-Rupee pilot project is to harness blockchain technology and digital currency to revolutionize the way inter-bank transactions are conducted in India. This aligns with the project’s aim to transform the nation’s financial landscape.
2. Which banking giants were part of the E-Rupee pilot project initiated by the Reserve Bank of India?
A) Axis Bank, HDFC Bank, RBL Bank, and Standard Chartered
B) Yes Bank, IDFC Bank, HSBC, and ICICI Bank
C) Punjab National Bank, Kotak Mahindra Bank, Union Bank of India, and Bank of Baroda
D) Canara Bank, State Bank of India, Bank of Maharashtra, and Indian Overseas Bank
Answer: B) Yes Bank, IDFC Bank, HSBC, and ICICI Bank
Explanation: The E-Rupee pilot project was introduced via nine prominent banks, including Yes Bank, IDFC Bank, HSBC, and ICICI Bank. These banks, among others, were part of this initiative to advance digital currency and blockchain technology in inter-bank transactions.
3. What is the significance of Kotak Mahindra Bank’s acquisition of Sonata Finance?
A) It marks a crucial step for Kotak Mahindra Bank in expanding its presence in the real estate sector.
B) It is a strategic move to strengthen Kotak Mahindra Bank’s position in the microfinance sector.
C) It allows Kotak Mahindra Bank to operate in 10 different countries.
D) It helps Sonata Finance become a standalone entity.
Answer: B) It is a strategic move to strengthen Kotak Mahindra Bank’s position in the microfinance sector.
Explanation: The acquisition of Sonata Finance by Kotak Mahindra Bank is a strategic move aimed at expanding its footprint in the microfinance sector, which makes option B the correct answer.
4. What is the expected outcome of Sonata Finance’s acquisition by Kotak Mahindra Bank?
A) Sonata Finance will continue to operate independently with no changes.
B) Sonata Finance will become a business correspondent subsidiary of Kotak Mahindra Bank.
C) Sonata Finance will become a separate entity from Kotak Mahindra Bank.
D) Sonata Finance will be integrated into a different bank’s operations.
Answer: B) Sonata Finance will become a business correspondent subsidiary of Kotak Mahindra Bank.
Explanation: As a result of the acquisition, Sonata Finance will become a wholly-owned subsidiary of Kotak Mahindra Bank and operate as a business correspondent subsidiary, which aligns with option B as the correct answer.
5. What is the primary objective of the Namo Bharat project, formerly known as RapidX?
A) To create the world’s fastest train system
B) To enhance intercity travel with a semi-high-speed regional rail service
C) To provide an extensive network of standard metro trains
D) To introduce a luxury train service for premium passengers
Answer: B) To enhance intercity travel with a semi-high-speed regional rail service.
Explanation: The Namo Bharat project, previously known as RapidX, aims to revolutionize regional connectivity by introducing a semi-high-speed regional rail service. This makes option B the correct answer.
6. What safety feature is implemented at every RRTS station under the Namo Bharat project?
A) Overhead luggage racks
B) Emergency door-opening mechanism
C) Platform Screen Doors (PSDs)
D) Mobile and laptop charging outlets
Answer: C) Platform Screen Doors (PSDs)
Explanation: Platform screen doors (PSDs) are implemented at every RRTS station to enhance passenger safety. This aligns with option C as the correct answer.
7. What is the significance of the vessel “Imphal” (Yard 12706) recently transferred to the Indian Navy?
A) It is the fourth vessel of Project 15B.
B) It was commissioned in the last decade.
C) It is a symbol of India’s prowess in indigenous shipbuilding.
D) It is powered by nuclear propulsion.
Answer: C) It is a symbol of India’s prowess in indigenous shipbuilding.
Explanation: “Imphal” is a symbol of India’s prowess in indigenous shipbuilding, which aligns with option C as the correct answer.
8. What is the primary factor that sets “Imphal” apart and makes it a formidable presence on the high seas?
A) Its impressive length of 164 meters.
B) Its advanced weaponry and cutting-edge sensors.
C) Its 75% reliance on foreign technology.
D) Its commissioning within a record timeframe.
Answer: B) Its advanced weaponry and cutting-edge sensors.
Explanation: “Imphal” is equipped with advanced weaponry and cutting-edge sensors, making it a formidable presence on the high seas. This makes option B the correct answer.
9. What is the primary goal of the partnership between IRCTC and Zomato for railway passengers in India?
A) To provide passengers with discounted train tickets.
B) To enhance the dining experience by offering a wider array of food options.
C) To introduce new routes for train travel.
D) To increase the speed of train journeys.
Answer: B) To enhance the dining experience by offering a wider array of food options.
Explanation: The primary goal of the partnership between IRCTC and Zomato is to enhance the dining experience of railway passengers by offering a wider variety of food options. This aligns with option B as the correct answer.
10. What is the primary responsibility of Ipsita Dasgupta in her new role as Senior Vice President & Managing Director for HP’s India market?
A) Overseeing global marketing strategies for Apple.
B) Leading operations, strategy, and profit and loss for South Asian markets.
C) Serving as the President of Corporate Strategy for HP.
D) Reporting directly to David McQuarrie.
Answer: B) Leading operations, strategy, and profit and loss for South Asian markets.
Explanation: Ipsita Dasgupta’s primary responsibility in her new role at HP is to lead and steer HP’s operations, strategy, and profit and loss for the India, Bangladesh, and Sri Lanka regions. This aligns with option B as the correct answer.
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