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29th November 2023 Current Affairs Quiz: From groundbreaking announcements in the realms of technology and science to noteworthy political and economic updates, the day unfolded with a tapestry of current affairs that captivated global attention. As we delve into the 29th November 2023 Current Affairs Quiz, we aim to encapsulate the essence of these pivotal moments, providing an opportunity to test and enhance our awareness of the dynamic and ever-evolving landscape of the world around us. This quiz serves as a window into the key happenings that marked this specific date, fostering engagement and knowledge dissemination.
29th November 2023 Current Affairs | Today GK Quiz
1. What is the primary goal of SEBI’s plan to revolutionize the settlement process?
A. Introduce a one-hour delay in settlement
B. Achieve same-day settlement of trades by March 2024
C. Maintain the existing T+0 settlement system
D. Implement a T+2 settlement cycle
Answer: B. Achieve same-day settlement of trades by March 2024
Explanation: SEBI’s chief, Madhabi Puri, has revealed plans to implement same-day settlement of trades by March 2024, as mentioned in the announcement.
2. What drives the move towards same-day settlement and instantaneous transactions?
A. Increased waiting period for settlement
B. Counterparty risks and liquidity concerns
C. Maintenance of T+1 settlement cycle
D. Cybersecurity challenges in financial transactions
Answer: B. Counterparty risks and liquidity concerns
Explanation: Immediate settlement reduces counterparty risks, enhances liquidity, and minimizes capital requirements, driving the move towards same-day settlement and instantaneous transactions.
3. What is The Executive Centre’s strategic focus for expansion?
A. Europe and Asia
B. India and the Middle East
C. North America and Africa
D. South America and Australia
Answer: B. India and the Middle East
Explanation: The Executive Centre is strategically focusing on its fastest-growing markets, India and the Middle East, for expansion.
4. What challenges does The Executive Centre face in its expansion plans for India and the Middle East?
A. Lack of investor interest
B. Regulatory hurdles in these regions
C. Difficulty in finding quality space
D. Economic uncertainties in global markets
Answer: C. Difficulty in finding quality space
Explanation: Despite impressive growth, the expansion is hindered by the challenge of finding quality space in both India and the Middle East.
5. What is the objective of the “AMA Bank” scheme launched by Chief Minister Naveen Patnaik in Odisha?
A. To promote tourism in rural areas
B. To provide banking services through brick-and-mortar branches
C. To establish educational institutions in gram panchayats
D. To enhance the agricultural productivity of rural Odisha
Answer: B. To provide banking services through brick-and-mortar branches
Explanation: The “AMA Bank” scheme aims to establish low-cost brick-and-mortar micro bank branches to provide a comprehensive range of banking services.
6. How does the “Ama Bank” scheme address the challenges faced by rural Odisha?
A. By launching a new mobile banking app
B. Through the construction of large bank buildings in every gram panchayat
C. By collaborating with six public sector banks to establish micro bank branches
D. By introducing a cashless payment system for all government schemes
Answer: C. By collaborating with six public sector banks to establish micro bank branches
Explanation: The Odisha government collaborated with six public sector banks to launch the “Ama Bank” scheme, which aims to establish low-cost brick-and-mortar micro bank branches to address the challenges faced by rural Odisha.
7. What is the primary focus of the NASA-ISRO Synthetic Aperture Radar (NISAR) satellite?
A. Exploration of Mars
B. Monitoring human spaceflight activities
C. Comprehensive Earth observation
D. Study of extraterrestrial life
Answer: C. Comprehensive Earth observation
Explanation: The NISAR is a microwave remote sensing satellite designed for comprehensive Earth observation, studying diverse aspects such as land ecosystems, solid earth deformation, and more.
8. Apart from satellite launches, what is the focus of the collaboration between ISRO and NASA?
A. Studying extraterrestrial life forms
B. Establishing human colonies on Mars
C. Exploring avenues for cooperation with prominent US industries
D. Developing advanced artificial intelligence for space exploration
Answer: C. Exploring avenues for cooperation with prominent US industries
Explanation: ISRO and the Department of Space are engaged in discussions with prominent US industries such as Boeing, Blue Origin, and Voyager, exploring avenues for cooperation, showcasing a commitment to fostering deep-rooted collaborations beyond satellite launches.
9. What is the main purpose of Bengaluru’s proposed circular railway project?
A. Enhancing the city’s IT infrastructure
B. Solving current transportation needs only
C. Forming India’s largest suburban railway for the next 40-50 years
D. Following the model of successful road projects in Bengaluru
Answer: C. Forming India’s largest suburban railway for the next 40-50 years
Explanation: The circular railway is designed to be India’s most extensive suburban railway, transcending current needs and envisioning a transportation solution for the next 40-50 years.
10. What is the significance of the feasibility and alignment study approved by Railway Minister Ashwini Vaishnaw?
A. It aims to address current transportation demands in Bengaluru.
B. It ensures the circular railway’s completion within the next five years.
C. It is a crucial step for the success of the circular railway project.
D. It focuses on developing the peripheral ring road for the railways.
Answer: C. It is a crucial step for the success of the circular railway project.
Explanation: The feasibility and alignment study, with an approved budget of Rs 7 crore, is deemed essential for the success of the circular railway project and meeting the city’s evolving transportation needs.
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