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27th May 2023 Current Affairs Quiz – Hey Guys!! here is the Daily Current Affairs Quiz, focused on the significant events and developments that took place on the 27th of May 2023. Stay up to date with the latest news and test your knowledge with our carefully crafted set of questions. This Current Affairs Quiz 27th May 2023 will cover a wide range of topics, including politics, sports, science, and more. So, let’s get started and see how well you’ve been following the Daily Current Affairs Quiz 27th May 2023. Prepare yourself for an engaging and informative Current Affairs Quiz for the day!
Current Affairs 27th May 2023 | Today GK Quiz
1. What is the primary objective of the newly established Global Greenhouse Gas Watch?
A) To promote international cooperation in meteorology and hydrology.
B) To facilitate the exchange of meteorological, climatological, and hydrological information.
C) To address critical information gaps and integrate various observing systems, modeling capabilities, and data assimilation.
D) To enhance the understanding of the carbon cycle and its implications.
Answer: C) To address critical information gaps and integrate various observing systems, modeling capabilities, and data assimilation.
Explanation: The Global Greenhouse Gas Watch aims to support urgent action in reducing heat-trapping gases by addressing critical information gaps and integrating various observing systems, modeling capabilities, and data assimilation. This initiative focuses on strengthening the scientific foundation for climate change mitigation efforts.
2. What is the role of the World Meteorological Congress in endorsing the Global Greenhouse Gas Watch?
A) To monitor and assess climate change.
B) To provide crucial insights for mitigation planning.
C) To establish policies, direction, and budget of the World Meteorological Organization (WMO).
D) To support scientific understanding of the Earth System.
Answer: C) To establish policies, direction, and budget of the World Meteorological Organization (WMO).
Explanation: The World Meteorological Congress, which governs the World Meteorological Organization (WMO), has unanimously supported the establishment of the Global Greenhouse Gas Watch. The Congress plays a role in establishing the policies, direction, and budget of the WMO, indicating its endorsement of this new greenhouse gas monitoring initiative.
3. What is the significance of the newly minted ₹75 coin?
A) It commemorates the inauguration of India’s new parliament building.
B) It represents the strength, courage, and righteousness of India.
C) It symbolizes the journey of 75 years of independence.
D) It pays tribute to President Droupadi Murmu.
Answer: C) It symbolizes the journey of 75 years of independence.
Explanation: The issuance of the ₹75 coin holds great symbolic importance as it pays tribute to India’s 75 years of independence. The coin is launched to mark the milestone of India’s journey as an independent nation.
4. What is the composition of the ₹75 coin?
A) 100% silver
B) 60% silver, 30% copper, and 10% nickel
C) 50% silver, 40% copper, 5% nickel, and 5% zinc
D) 80% copper and 20% zinc
Answer: C) 50% silver, 40% copper, 5% nickel, and 5% zinc.
Explanation: The ₹75 coin will be composed of a four-part alloy, consisting of 50% silver, 40% copper, 5% nickel, and 5% zinc. This composition adds a precious and commemorative element to the coin.
5. What was the main factor contributing to the decline in India’s foreign exchange reserves in the week ending on May 19, 2023?
A) Decrease in gold reserves
B) Reduction in Special Drawing Rights (SDRs)
C) Decline in foreign currency assets (FCA)
D) Drop in the reserve position in the International Monetary Fund (IMF)
Answer: C) Decline in foreign currency assets (FCA)
Explanation: During the latest week, the largest component of India’s forex reserves, foreign currency assets (FCA), experienced a dip of $4.654 billion, which contributed to the overall decline in India’s forex reserves.
6. What is the objective of the Reserve Bank of India’s (RBI) intervention in the forex market?
A) To accumulate more foreign assets for India
B) To stabilize the value of the rupee
C) To increase the country’s foreign exchange reserves
D) To stimulate economic growth in the country
Answer: B) To stabilize the value of the rupee
Explanation: The Reserve Bank of India (RBI) has been actively intervening in the forex market to cushion against rupee depreciation. The intervention aims to stabilize the value of the rupee, indicating that the objective of RBI’s intervention is to maintain the stability of the currency.
7. What is the main objective of the loan agreement between the Asian Development Bank (ADB) and the Indian government?
A) Development of social infrastructure
B) Promotion of tourism and cultural heritage
C) Enhancement of manufacturing and industrialization
D) Improvement of agricultural productivity
Answer: C) Enhancement of manufacturing and industrialization
Explanation: The loan agreement aims to promote industrialization in Andhra Pradesh by increasing the share of manufacturing in the state’s GDP. This indicates that the main objective of the agreement is to enhance manufacturing and industrialization.
8. What is one of the key components of the project to strengthen the resilience of industrial clusters?
A) Development of disaster risk management plan
B) Implementation of renewable energy projects
C) Establishment of vocational training centers
D) Introduction of tax incentives for businesses
Answer: A) Development of disaster risk management plan
Explanation: The key components of the project is the development of a disaster risk management plan. This component aims to strengthen the resilience of industrial clusters against extreme weather conditions, indicating the importance of preparedness and mitigation measures.
9. What is the main objective of the Leadership Excellence Program (LXP) launched by HDFC Bank in partnership with Manipal Global Skills Academy?
A) Enhancing customer relationship management skills
B) Increasing gender diversity within the organization
C) Promoting financial growth in key cities of India
D) Offering comprehensive soft skills training
Answer: B) Increasing gender diversity within the organization
Explanation: The objective of the Leadership Excellence Program (LXP) is to hire and train women branch managers and enhance gender diversity within HDFC Bank. This indicates that the main objective of the program is to increase the representation of women within the organization.
10. What is a unique feature of the placement-linked training model followed by the Leadership Excellence Program (LXP)?
A) Virtual training facilitated by Manipal Global Skills Academy
B) Guarantee of 100% readiness and productivity from day one
C) Inclusion of comprehensive marketing strategies training
D) Emphasis on resource management and stakeholder engagement
Answer: B) Guarantee of 100% readiness and productivity from day one
Explanation: The Leadership Excellence Program (LXP) follows a placement-linked training model, ensuring that participants are fully prepared for a successful career in the banking sector. It guarantees 100% readiness and productivity from day one, which highlights the unique feature of the program to provide participants with the necessary skills and competencies to immediately contribute to their roles.
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