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26th October 2023 Current Affairs Quiz – Welcome to the Current Affairs Quiz for 26th October 2023. Test your knowledge of the latest news and events from around the world with our quiz. The questions will span various subjects, including politics, international affairs, technology, and culture. Let’s begin the quiz and find out how well you are informed about today’s current affairs!
26th October 2023 Current Affairs | Today GK Quiz
1. Why has the Reserve Bank of India (RBI) issued a directive to private banks and wholly-owned subsidiaries of foreign banks?
A) To increase the age limit for senior management positions.
B) To reduce the complexity of banking operations.
C) To establish a robust senior management team in response to growing challenges.
D) To reduce the number of senior management positions.
Answer: C) To establish a robust senior management team in response to growing challenges.
Explanation: The RBI directive aims to address the evolving challenges in the banking sector by ensuring the establishment of a strong senior management team.
2. What is the minimum number of Whole-Time Directors (WTDs) that private banks and wholly-owned subsidiaries of foreign banks must have on their boards, according to the RBI’s directive?
A) One WTD
B) At least three WTDs
C) At least two WTDs, including the MD & CEO
D) No specific requirement for WTDs
Answer: C) At least two WTDs, including the MD & CEO
Explanation: The RBI directive mandates that these banks must have a minimum of two Whole-Time Directors (WTDs) on their boards, with the MD & CEO being one of the two WTDs.
3. Which two iconic literary venues are being used for the 12th edition of the Bengaluru Literature Festival?
A) Seonee and Mowgli
B) Malgudi and The Jungle Book
C) Seonee and Malgudi
D) Kipling and Narayan
Answer: C) Seonee and Malgudi
Explanation: This year’s festival is taking place at two distinct venues, Seonee and Malgudi, each with a special literary significance.
4. What is the purpose of “ScreenLit” at the Bengaluru Literature Festival?
A) To recognize outstanding contributions to Indian literature
B) To provide a platform for budding screenwriters to develop their craft
C) To pitch book ideas to literary agents and publishers
D) To celebrate the magic of storytelling
Answer: B) To provide a platform for budding screenwriters to develop their craft
Explanation: ScreenLit is a dedicated forum at the festival where aspiring screenwriters can learn, interact with experts, and improve their skills in screenwriting.
5. What were the main areas of cooperation discussed during S. Jaishankar’s visit to Kyrgyzstan?
A) Education, sports, and cultural exchange
B) Banking, defense, and energy sectors
C) Environmental protection, tourism, and technology
D) Healthcare, transportation, and infrastructure development
Answer: B) Banking, defense, and energy sectors
Explanation: During the visit, S. Jaishankar and President Sadyr Zhaparov discussed opportunities for cooperation in these specific sectors.
6. What is the main goal of India’s commitment to maintaining and strengthening diplomatic ties within the SCO framework?
A) To increase military presence in Central Asia
B) To promote regional cooperation and meaningful dialogue among member states
C) To secure energy resources from Central Asian countries
D) To establish trade agreements with SCO members
Answer: B) To promote regional cooperation and meaningful dialogue among member states
Explanation: India’s commitment within the SCO framework is aimed at fostering regional cooperation and facilitating meaningful dialogue among member countries, addressing various regional and global challenges.
7. What is the estimated cost of the Jamrani Dam Multipurpose Project in Uttarakhand?
A) Rs 1,557 crore
B) Rs 2,584 crore
C) Rs 40.5 km
D) Rs 207 km
Answer: B) Rs 2,584 crore
Explanation: The entire Jamrani Dam project is expected to cost Rs 2,584 crore for its completion.
8. Which states will exclusively benefit from the drinking water and power generation aspects of the Jamrani Dam project?
A) Uttarakhand and Uttar Pradesh
B) Uttar Pradesh and Haryana
C) Uttarakhand and Himachal Pradesh
D) Uttarakhand only
Answer: D) Uttarakhand only
Explanation: While both Uttarakhand and Uttar Pradesh will enjoy irrigation benefits, the drinking water and power generation aspects of the project will exclusively benefit Uttarakhand.
9. What is the main reason for the Indian government’s decision to change subsidy rates for key fertilisers?
A) To increase government revenue from fertiliser sales
B) To reduce the availability of fertilisers to Indian farmers
C) To maintain affordable fertiliser prices for Indian farmers
D) To comply with international pricing standards
Answer: C) To maintain affordable fertiliser prices for Indian farmers
Explanation: The government’s primary aim is to ensure that Indian farmers have access to affordable fertilisers.
10. Which type of fertiliser will see the least reduction in subsidy rates?
A) Nitrogen (N)
B) Phosphorus (P)
C) Potassium (K)
D) Urea
Answer: D) Urea
Explanation: Urea will remain highly subsidized with a smaller reduction in subsidy rates compared to other key fertilisers.
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