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25tht August 2023 Current Affairs Quiz – Get ready to test your knowledge with the 25th August 2023 Current Affairs Quiz! Stay updated with the latest happenings as you tackle questions that cover the spectrum of events from this significant day. From international developments to local insights, the Current Affairs 25th August 2023 quiz will challenge your awareness and keep you informed about the world around you. Engage your mind with the Daily Current Affairs Quiz and enrich your understanding of the noteworthy occurrences that took place on 25th August 2023.
25th August 2023 Current Affairs | Today GK Quiz
1. What is the theme of Women’s Equality Day 2023, and why is it significant?
A) “Striving for Justice”
B) “Embrace Equity”
C) “Breaking Barriers”
D) “Empowerment for All”
Answer: B) “Embrace Equity”
Explanation: The theme of Women’s Equality Day 2023 is “Embrace Equity.” This theme emphasizes the importance of achieving gender equality not just for economic growth but as a fundamental human right. It underscores the commitment to attaining genuine gender equality across all aspects of society.
2. What historical event is associated with the origin of Women’s Equality Day, and what does it commemorate?
A) Ratification of the Eighteenth Amendment
B) Passage of the Civil Rights Act
C) Ratification of the Nineteenth Amendment
D) Establishment of International Women’s Day
Answer: C) Ratification of the Nineteenth Amendment
Explanation: Women’s Equality Day finds its origin in the ratification of the Nineteenth Amendment to the United States Constitution, which granted full suffrage to women. It commemorates not only the passage of this amendment but also the continuous efforts towards women’s full equality.
3. Who won the FIDE World Cup for the first time in their career?
A) Rameshbabu Praggnanandhaa
B) Magnus Carlsen
C) Gukesh D
D) Rameshbabu Praggnanandhaa and Magnus Carlsen jointly
Answer: B) Magnus Carlsen
Explanation: Magnus Carlsen won the FIDE World Cup for the first time in his career after defeating Rameshbabu Praggnanandhaa in the final.
4. What record did Rameshbabu Praggnanandhaa set in chess?
A) Became the youngest grandmaster at the age of 10
B) Became the youngest FIDE World Cup winner
C) Became the youngest player to defeat Magnus Carlsen
D) Became the youngest chess prodigy to win an international tournament
Answer: A) Became the youngest grandmaster at the age of 10
Explanation: Rameshbabu Praggnanandhaa became a grandmaster at the age of 12, making him the second-youngest at the time to achieve this feat. He also became an international master at the age of 10, which was a remarkable achievement in the world of chess.
5. Why is Indian Prime Minister Narendra Modi’s visit to Greece considered significant?
A) He is the first Indian Prime Minister to visit Greece in 40 years.
B) He is visiting Greece for economic collaboration only.
C) He is meeting Indian diaspora exclusively during his visit.
D) He is visiting Greece to promote cultural exchanges.
Answer: A) He is the first Indian Prime Minister to visit Greece in 40 years.
Explanation: Narendra Modi’s visit to Greece holds importance because he becomes the first Indian Prime Minister to set foot in the country in 40 years, making it a landmark diplomatic event.
6. What is the primary purpose of the diplomatic talks between Indian Prime Minister Modi and Greek Prime Minister Mitsotakis?
A) Exploring avenues for trade growth
B) Highlighting the role of the Indian diaspora
C) Fostering cultural exchanges
D) Solidifying the existing relationship between the two countries
Answer: D) Solidifying the existing relationship between the two countries
Explanation: The discussions between Prime Minister Modi and Prime Minister Mitsotakis are aimed at further solidifying the existing relationship between India and Greece. The talks cover various areas, including economic cooperation, defense collaboration, and people-to-people connections.
7. What primarily contributes to the projected GDP growth rate of 8.5% for Q1 FY24 in India?
A) Robust investment activity
B) Strong external borrowings
C) Supportive base effect and services sector recovery
D) Favorable commodity prices
Answer: C) Supportive base effect and services sector recovery
Explanation: The projected GDP growth rate of 8.5% for Q1 FY24 is primarily attributed to the supportive base effect (comparison with a lower growth rate in the same period of the previous year) and the recovery of the services sector, which is expected to demonstrate continued catch-up in services demand and improved investment activity.
8. Why does ICRA’s Chief Economist estimate a slightly lower GDP growth for the full fiscal year FY24 compared to RBI’s forecast?
A) Strong performance of the services sector
B) Uncertain monsoon patterns
C) Government capital expenditure expansion
D) Potential disruptions related to commodity prices and nearing elections
Answer: D) Potential disruptions related to commodity prices and nearing elections
Explanation: ICRA’s Chief Economist maintains a slightly lower estimate for FY24 GDP growth due to potential headwinds, including uncertain monsoon patterns and potential disruptions related to commodity prices. Additionally, the momentum of government capital expenditure is expected to be affected as the country approaches parliamentary elections, which could impact overall economic growth.
9. What is a significant factor that contributed to the resurgence of standalone Microfinance Institutions (MFIs) in microlending, enabling them to surpass banks?
A) Favorable macroeconomic climate
B) Removal of lending rate caps by the Reserve Bank of India
C) Controlled credit costs
D) High returns on total assets
Answer: B) Removal of lending rate caps by the Reserve Bank of India
Explanation: The resurgence of standalone MFIs in microlending and their ability to surpass banks was facilitated by the Reserve Bank of India’s removal of lending rate caps. This change empowered MFIs to adopt risk-based pricing strategies, leading to improved net interest margins (NIMs) and higher returns on total assets.
10. Which state stands out as the top state in the microfinance sector in terms of Assets Under Management (AUM) according to the provided information?
A) Tamil Nadu
B) Karnataka
C) Bihar
D) Uttar Pradesh
Answer: C) Bihar
Explanation: According to the provided information, Bihar holds the top position among states in the microfinance sector, with a market share of about 15% in terms of Assets Under Management (AUM).
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