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Current Affairs 4th November 2023: Welcome to the Current Affairs Quiz for 4th November 2023! Stay informed and test your knowledge about the latest events and developments from around the world. In this quiz, we will cover a range of topics, from global news and politics to science, entertainment, and more. Let’s dive in and see how well you’re up to date with the happenings of the day. Good luck!
4th November 2023 Current Affairs | Today GK Quiz
1. What is the primary objective of the European Union’s proposed Carbon Border Adjustment Mechanism (CBAM)?
A. To promote trade tensions with non-EU countries.
B. To protect EU companies investing in green technologies.
C. To encourage companies to relocate to countries with weaker environmental regulations.
D. To generate revenue for non-EU countries’ climate efforts.
Answer: B. To protect EU companies investing in green technologies.
Explanation: The CBAM aims to protect EU companies that have invested in green technologies and ensure they are not at a competitive disadvantage against countries with weaker environmental regulations.
2. What are the challenges and concerns associated with the Carbon Border Adjustment Mechanism (CBAM)?
A. Measuring carbon emissions accurately in all countries is straightforward.
B. It is expected to promote global carbon emissions.
C. Trade tensions with the EU’s trading partners may arise.
D. The CBAM will primarily affect the European auto sector.
Answer: C. Trade tensions with the EU’s trading partners may arise.
Explanation: The CBAM has the potential to create trade tensions with the EU’s trading partners, especially if retaliatory measures are implemented, as mentioned in the text.
3. Which financial institution faced a penalty for failing to specify the interest reset date in Marginal Cost of Funds Based Lending Rate (MCLR)-linked loans?
A. Punjab National Bank (PNB)
B. Federal Bank
C. Kosamattam Finance
D. Mercedes-Benz Financial Services India
Answer: A. Punjab National Bank (PNB)
Explanation: Punjab National Bank (PNB) faced a penalty for not specifying the interest reset date in MCLR-linked loans, as mentioned in the text.
4. What violation led to a penalty of Rs 13.38 Lakh against Kosamattam Finance?
A. Issuing demand drafts without including the purchaser’s name.
B. Failure to conduct ongoing due diligence of customers.
C. Not updating KYC information of high-risk customers.
D. Not maintaining the required Loan-to-Value (LTV) ratio.
Answer: D. Not maintaining the required Loan-to-Value (LTV) ratio.
Explanation: Kosamattam Finance was penalized for not maintaining the required Loan-to-Value (LTV) ratio in certain loan accounts during the fiscal year 2021-22, as stated in the text.
5. Who has been elected as the chairman of the Shree Somnath Trust (SST) for a five-year term?
A. Keshubhai Patel
B. Narendra Modi
C. The charity commissioner of Gujarat
D. The previous chairman of SST
Answer: B. Narendra Modi
Explanation: Prime Minister Narendra Modi has been elected as the chairman of the Shree Somnath Trust (SST) for a five-year term, as mentioned in the text.
6. What is the significance of the recent decision to re-elect Prime Minister Modi as the chairman of SST for a five-year term?
A. It is the first time a chairman has been elected for a five-year tenure in the history of SST.
B. It marks the end of his involvement with SST.
C. The decision was taken to appoint him as the Prime Minister of India.
D. It was made to promote a different temple near Veraval.
Answer: A. It is the first time a chairman has been elected for a five-year tenure in the history of SST.
Explanation: The recent decision to re-elect Prime Minister Modi as chairman for a five-year term is significant because it is the first time in the 74-year history of the Shree Somnath Trust that a chairman has been elected for a five-year tenure, as mentioned in the text.
7. Who claimed responsibility for the rocket attack on Kiryat Shmona in Israel?
A. Hezbollah
B. Iran
C. Al-Qassam Brigades (Hamas)
D. Israel
Answer: C. Al-Qassam Brigades (Hamas)
Explanation: The Al-Qassam Brigades, the armed wing of Hamas, claimed responsibility for the rocket attack on the northern Israeli town of Kiryat Shmona, as mentioned in the text.
8. What is the significance of Hezbollah’s recent use of drones in the Shebaa Farms area on the Lebanese-Israeli border?
A. It marks the first time Hezbollah has admitted to using drones for any purpose.
B. It signifies a shift in Hezbollah’s tactics.
C. It indicates that Hezbollah now has control of the Shebaa Farms area.
D. It is unrelated to the ongoing tensions in the region.
Answer: B. It signifies a shift in Hezbollah’s tactics.
Explanation: Hezbollah’s use of drones filled with explosives to target an Israeli army command position in the Shebaa Farms area is significant because it represents a change in their tactics, as stated in the text.
9. What is the duration of the visa-free entry for tourists from India and Taiwan to Thailand as per the recent decision?
A. 60 days
B. 30 days
C. 90 days
D. 120 days
Answer: B. 30 days
Explanation: According to the announcement, tourists from India and Taiwan can enjoy a maximum stay of 30 days in Thailand without the need for a visa.
10. What was the previous visa policy change made by Thailand to boost its tourism sector before offering visa-free entry to Indian and Taiwanese tourists?
A. Offering visa-free entry to tourists from India
B. Scrapping visa requirements for Chinese tourists
C. Extending visa-free entry to European tourists
D. Introducing a visa-on-arrival policy for all nationalities
Answer: B. Scrapping visa requirements for Chinese tourists
Explanation: Thailand had previously scrapped visa requirements for Chinese tourists to rekindle the flow of Chinese tourists to the country and rejuvenate its tourism sector, as mentioned in the text.
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