23rd May 2024 Current Affairs Quiz: Welcome to the Current Affairs Quiz for 23rd May 2024. In this dynamic and informative quiz, we enter into the current issues, significant events, and noteworthy developments that have shaped the world today. From global politics to scientific breakthroughs, from cultural milestones to economic trends, this quiz serves as a compass guiding you through the ever-changing landscape of current affairs.
23rd May 2024 Current Affairs Quiz | Today GK Quiz
1. Who has been appointed as the Managing Director and Chief Executive Officer (MD and CEO) of IndiaFirst Life Insurance?
A) Sumit Arora
B) R.M. Vishakha
C) Rushabh Gandhi
D) INSEAD
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Answer: C) Rushabh Gandhi
Explanation: The article mentions that Rushabh Gandhi, the current Deputy Chief Executive Officer, has been promoted to the position of MD and CEO of IndiaFirst Life Insurance.
2. When will Rushabh Gandhi assume his new role as MD and CEO of IndiaFirst Life Insurance?
A) 23rd May 2024
B) 30th June 2024
C) 1st July 2024
D) 1st June 2024
Answer: C) 1st July 2024
Explanation: Rushabh Gandhi will assume his new role as MD and CEO of IndiaFirst Life Insurance on 1st July 2024, or upon receiving the necessary regulatory approvals, whichever is later.
3. With whom has SIDBI partnered to provide financing for helicopter purchases in India?
A) Boeing
B) Bell Helicopter
C) Airbus Helicopters
D) Lockheed Martin
Answer: C) Airbus Helicopters
Explanation: SIDBI has partnered with Airbus Helicopters to provide financing for helicopter purchases in India, as stated in the article.
4. What is the primary aim of the collaboration between SIDBI and Airbus Helicopters?
A) To manufacture helicopters in India
B) To boost accessibility of civil helicopters in India
C) To provide financing for military aircraft purchases
D) To promote fixed-wing aircraft in India
Answer: B) To boost the accessibility of civil helicopters in India
Explanation: The collaboration between SIDBI and Airbus Helicopters aims to boost accessibility for civil operators by providing financing for helicopter purchases in India, according to the article.
5. What is the primary focus of the AI Act approved by the EU?
A) Promoting unrestricted AI development
B) Imposing strict rules on AI applications
C) Encouraging AI innovation without regulation
D) Providing incentives for AI companies
Answer: B) Imposing strict rules on AI applications
Explanation: The AI Act approved by the EU focuses on imposing strict rules on AI applications, particularly high-risk systems, to ensure trust, transparency, and accountability, as stated in the article.
6. Which of the following penalties can be imposed for non-compliance with the AI Act?
A) €10 million or 5% of annual revenue
B) €20 million or 10% of annual revenue
C) €35 million or 7% of annual global revenue
D) €50 million or 15% of annual revenue
Answer: C) €35 million or 7% of annual global revenue
Explanation: The EU Commission can impose fines of up to €35 million or 7% of a company’s annual global revenue for non-compliance with the AI Act, according to the article.
7. What milestone has India’s market capitalization recently achieved?
A) $4 trillion
B) $6 trillion
C) $5 trillion
D) $3 trillion
Answer: C) $5 trillion
Explanation: India’s market capitalization has recently reached a historic milestone of $5 trillion, as stated in the article.
8. What has primarily fueled the surge in India’s market capitalization?
A) Decline in small- and mid-sized firms
B) Economic recession
C) Rally in shares of small- and mid-sized firms
D) Decrease in investor confidence
Answer: C) Rally in shares of small- and mid-sized firms
Explanation: The surge in India’s market capitalization is primarily fueled by a rally in shares of small- and mid-sized firms, leading to a re-rating of valuations and improved economic and earnings growth prospects, according to the article.
9. What is the primary objective of Assam’s Disaster Reporting and Information Management System (DRIMS)?
A) Streamlining disaster management training
B) Capturing critical impact indicators of damages during disasters
C) Providing financial assistance to disaster-affected communities
D) Conducting incident response training programs
Answer: B) Capturing critical impact indicators of damages during disasters
Explanation: The primary objective of Assam’s DRIMS is to efficiently capture critical impact indicators of damages during disasters, enabling prompt disbursal of aid to affected beneficiaries, as stated in the article.
10. What initiative aims to empower communities by providing them with a clear understanding of their entitlements during and after disasters?
A) Launch of the Disaster Reporting and Information Management System
B) Inauguration of the State Level Training Programme on Incident Response System
C) Release of the Handbook on Financial Assistance during Disasters
D) Collaboration between the Assam government and UNICEF
Answer: C) Release of the Handbook on Financial Assistance during Disasters
Explanation: The release of the “Handbook on Financial Assistance during Disasters” aims to empower communities by providing them with a clear understanding of their entitlements during and after disasters, as mentioned in the article.
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