24th October 2023 Current Affairs Quiz: Welcome to the 24th October 2023 Current Affairs Quiz! This quiz will test your knowledge of recent events, developments, and important news from around the world. It’s a great way to stay updated and check your awareness of the latest happenings in various fields, including politics, economics, sports, science, and more. So, let’s get started and see how well you’ve been keeping up with the current affairs from 24th October 2023.
24th October 2023 Current Affairs | Today GK Quiz
1. Who became the first biller in the B2B category payment launched by NPCI Bharat BillPay Limited (NBBP) in partnership with Axis Bank?
A) MyJio
B) Axis Bank
C) National Payments Corporation of India (NPCI)
D) Jio Payments Bank
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Answer: A) MyJio
Explanation: MyJio became the first app to go live with the B2B category payments.
2. What is one of the positive impacts of the NBBP’s B2B category payment initiative, particularly benefiting Micro, Small & Medium Enterprises (MSMEs)?
A) Increased complexity in the payment process.
B) Slower processing times for payments.
C) Digitization and democratization of B2B invoice payments.
D) Limited payment modes and channels.
Answer: C) Digitization and democratization of B2B invoice payments.
Explanation: One of the positive impacts of this initiative is the aim to digitize and democratize B2B invoice payments, particularly benefiting the MSME segment.
3. Who has been appointed as the Chairman and Managing Director (CMD) of the Indian Railway Catering and Tourism Corporation (IRCTC)?
A) Seema Kumar
B) Mahendra Pratap Maal
C) Sanjay Kumar Jain
D) Serach-Cum-Selection Committee (SCSC)
Answer: C) Sanjay Kumar Jain
Explanation: Sanjay Kumar Jain has been appointed as the Chairman and Managing Director (CMD) of IRCTC.
4. When did the post of Chairman and Managing Director (CMD) of IRCTC become vacant?
A) January 2021
B) June 2023
C) 1999
D) 1990
Answer: A) January 2021
Explanation: The post of CMD of IRCTC became vacant in January 2021 after the retirement of Mahendra Pratap Maal.
5. Which co-operative bank in Gujarat received a monetary penalty for violating RBI’s directions on “Co-operative Banks – Interest Rate on Deposits” and “Customer Protection – Limiting Liability of Customers of Co-operative Banks in Unauthorised Electronic Banking Transactions”?
A) People’s Cooperative Bank
B) Vadnagar Nagarik Sahakari Bank Ltd.
C) Surat National Co-operative Bank Ltd.
D) Mahila Co-operative Nagrik Bank Ltd.
Answer: C) Surat National Co-operative Bank Ltd.
Explanation: Surat National Co-operative Bank Ltd. received a monetary penalty for contravening RBI’s directions related to interest rates on deposits and customer protection.
6. What was the reason for the monetary penalty imposed on The Chhapi Nagarik Sahakari Bank Ltd. in Banaskantha, Gujarat, by RBI?
A) Non-compliance with RBI directions on loans and advances to directors, relatives, and firms/concerns
B) Violation of customer protection norms
C) Violation of electronic banking transaction guidelines
D) Non-compliance with RBI directives on placement of deposits with other banks
Answer: A) Non-compliance with RBI directions on loans and advances to directors, relatives, and firms/concerns.
Explanation: The Chhapi Nagarik Sahakari Bank Ltd. faced a monetary penalty for not complying with RBI’s directions regarding loans and advances to directors, relatives, and firms/concerns in which they are interested.
7. What is the purpose of the fully automated online authorisation system introduced by the Directorate General of Foreign Trade (DGFT) for imports of laptops, computers, and tablets?
A) To restrict all imports of laptops, computers, and tablets.
B) To monitor the sources from which IT hardware is being imported.
C) To completely ban the import of laptops, computers, and tablets.
D) To provide free imports of laptops, computers, and tablets.
Answer: B) To monitor the sources from which IT hardware is being imported.
Explanation: The purpose of this system is to monitor the sources from which IT hardware is being imported.
8. What is the validity period of the import authorisations issued through the DGFT’s online system for laptops, computers, and tablets?
A) Valid until December 31, 2023.
B) Valid until September 30, 2024.
C) Valid for one year from the date of issue.
D) Valid for six months from the date of issue.
Answer: B) Valid until September 30, 2024.
Explanation: The import authorisations issued through the online system are valid until September 30, 2024, after which the government will decide on further action.
9. What is India’s expected contribution to global economic growth over the next five years?
A) 20%
B) 10%
C) 18%
D) 5%
Answer: C) 18%
Explanation: India’s contribution to global economic growth is expected to increase to 18% over the next five years.
10. According to the IMF’s Regional Economic Outlook for Asia and Pacific, what is the expected growth rate in the Asia-Pacific region in 2023?
A) 2.3%
B) 4.6%
C) 6.3%
D) 3.9%
Answer: B) 4.6%
Explanation: The IMF’s report forecasts that growth in the Asia-Pacific region is expected to rise from 3.9% in 2022 to 4.6% in 2023.
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