23rd October 2023 Current Affairs Quiz: Welcome to the Current Affairs Quiz for 23rd October 2023! This quiz is designed to test your knowledge of recent global events, significant updates, and key news stories spanning various fields, including politics, economics, sports, science, and more. It offers an excellent opportunity to stay informed and assess your awareness of the latest developments. So, without delay, let’s begin and see how well you’ve been keeping up with the current affairs of 23rd October 2023.
23rd October 2023 Current Affairs | Today GK Quiz
1. Who is the newly appointed Managing Director and Chief Executive Officer of Kotak Mahindra Bank?
A) Ashok Vaswani
B) Uday Kotak
C) Raghuram Rajan
D) Arundhati Bhattacharya
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Answer: A) Ashok Vaswani
Explanation: Ashok Vaswani has been appointed as the Managing Director and Chief Executive Officer of Kotak Mahindra Bank.
2. What is the term of Ashok Vaswani’s appointment as Managing Director and CEO of Kotak Mahindra Bank, and when is it expected to begin?
A) Five years, starting on January 1, 2024
B) Three years, starting on December 1, 2023
C) Three years, starting on January 1, 2024
D) Five years, starting on December 1, 2023
Answer: C) Three years, starting on January 1, 2024
Explanation: Ashok Vaswani’s appointment as the Managing Director and CEO of Kotak Mahindra Bank is for a three-year term, expected to commence on January 1, 2024.
3. What is the primary objective of enhancing the Pradhan Mantri Fasal Bima Yojana (PMFBY) portal with an allocation of ₹30,000 crore by the Indian government?
A) To provide free crop insurance to all farmers.
B) To extend insurance coverage to a wide range of agricultural assets beyond crops.
C) To subsidize agricultural equipment for farmers.
D) To improve access to agricultural loans.
Answer: B) To extend insurance coverage to a wide range of agricultural assets beyond crops.
Explanation: The primary objective of this initiative is to transform the PMFBY into a comprehensive platform that extends insurance coverage beyond crops to include a wide range of agricultural assets.
4. Which app is driving the ambitious project of extending insurance coverage to 40 million farmers for non-subsidized schemes under the Pradhan Mantri Fasal Bima Yojana (PMFBY)?
A) AIDENET
B) FARMPRO
C) AIDE app
D) CROPSECURE
Answer: C) AIDE app
Explanation: The innovative AIDE app, launched in July, aims to ensure door-to-door enrollment and extend coverage to 40 million farmers for non-subsidized schemes.
5. What is the primary focus of NLC India Green Energy Limited (NIGEL)?
A) Enhancing coal mining operations
B) Expanding oil and gas exploration
C) Spearheading the renewable energy movement
D) Increasing nuclear power generation
Answer: C) Spearheading the renewable energy movement
Explanation: NIGEL’s primary focus is on spearheading the renewable energy movement.
6. What is one of NIGEL’s ambitious objectives for 2030 in the renewable energy sector?
A) Reducing carbon emissions from coal-fired power plants
B) Establishing renewable energy projects with a combined capacity of 6 GW
C) Enhancing natural gas production and distribution
D) Building new nuclear power plants
Answer: B) Establishing renewable energy projects with a combined capacity of 6 GW
Explanation: One of NIGEL’s ambitious objectives is to establish renewable energy projects with a combined capacity of 6 GW by 2030.
7. Why did the Reserve Bank of India (RBI) impose a monetary penalty on L&T Finance Limited?
A) L&T Finance Limited failed to meet its financial targets.
B) L&T Finance Limited was involved in fraudulent activities.
C) L&T Finance Limited did not comply with specific provisions of RBI directions.
D) L&T Finance Limited had a substantial increase in profit.
Answer: C) L&T Finance Limited did not comply with specific provisions of RBI directions.
Explanation: The monetary penalty was imposed on L&T Finance Limited due to non-compliance with specific provisions of RBI directions.
8. What were some of the key deficiencies in compliance identified during the statutory inspection by RBI regarding L&T Finance Limited?
A) Failure to provide adequate customer service.
B) Lack of transparency in financial reporting.
C) Non-disclosure of changes in loan terms and conditions.
D) Failure to meet financial targets.
Answer: C) Non-disclosure of changes in loan terms and conditions.
Explanation: Among the key deficiencies in compliance identified, one of them was the non-disclosure of changes in loan terms and conditions by L&T Finance Limited.
9. What is one of the key features of HDFC Bank’s XpressWay digital platform?
A) Complex and time-consuming banking processes.
B) Slower processing times for customer transactions.
C) Paperless transactions and reduced environmental footprint.
D) Exclusively available to new customers.
Answer: C) Paperless transactions and reduced environmental footprint.
Explanation: One of the key features of XpressWay is the reduction of the environmental footprint through paperless transactions.
10. Which of the following is NOT one of the banking services offered through HDFC Bank’s XpressWay digital platform?
A) Xpress Personal Loan
B) Xpress Car Loan
C) Xpress Credit Card
D) Xpress Travel Services
Answer: D) Xpress Travel Services
Explanation: Xpress Travel Services is not mentioned as one of the banking services offered through XpressWay in the provided information.
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