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5th October 2023 Current Affairs Quiz: Welcome to the Current Affairs Quiz for 5th October 2023. In this quiz, we will test your knowledge of the latest and most significant events and developments from around the world. These questions will cover a wide range of topics, including politics, economics, science, and more. Stay updated and see how well you can answer questions about the events that have shaped our world today. Let’s dive into the quiz and see how well-informed you are about the current affairs of October 5th, 2023.
5th October 2023 Current Affairs | Today GK Quiz
1. What is the significance of the recently delivered Tejas trainer aircraft to the Indian Air Force (IAF)?
A) It fulfills an order for 40 single-seater jets.
B) It will replace aging MiG-21 fighters.
C) It will play a crucial role in pilot training and can serve as a fighter aircraft.
D) It aligns with India’s self-reliance initiative.
Answer: C) It will play a crucial role in pilot training and can serve as a fighter aircraft.
Explanation: The Tejas trainer will play a crucial role in training IAF pilots and can also serve as a fighter aircraft when needed.
2. What does the delivery of the Tejas trainer aircraft represent for India’s defense sector?
A) A shift towards foreign imports for fighter aircraft.
B) An emphasis on reducing the use of advanced composite materials.
C) India’s capability to design and manufacture fighter aircraft domestically.
D) A decrease in the number of LCAs ordered by the IAF.
Answer: C) India’s capability to design and manufacture fighter aircraft domestically.
Explanation: The development and success of the LCA Tejas project demonstrate India’s capability to design, develop, and manufacture world-class fighter aircraft domestically, reducing reliance on foreign imports.
3. What recent development in the Indian fintech sector involves Slice and North East Small Finance Bank (NESFB)?
A) Slice’s acquisition of NESFB
B) The merger between Slice and NESFB
C) The partnership between Slice and a traditional bank
D) NESFB’s acquisition of Slice
Answer: B) The merger between Slice and NESFB
Explanation: The Indian fintech unicorn Slice has officially confirmed its merger with North East Small Finance Bank (NESFB).
4. What is one of the key aims of the merger between Slice and NESFB?
A) To reduce the number of credit cards issued monthly.
B) To compete with traditional banking institutions.
C) To enhance product offerings and accelerate innovation.
D) To cater exclusively to the northeastern region of India.
Answer: C) To enhance product offerings and accelerate innovation.
Explanation: The industry experts anticipate that the partnership between Slice and NESFB will enable the newly formed company to enhance its product offerings and accelerate innovation.
5. What is the interest rate on the General Provident Fund (GPF) savings for the October-December quarter?
A) 6.5%
B) 6.7%
C) 7.1%
D) 7.9%
Answer: C) 7.1%
Explanation: The government has decided to keep the interest rate on General Provident Fund (GPF) savings unchanged at 7.1% for the October-December quarter.
6. What is the revised economic growth forecast for India in 2023 according to the UN Conference on Trade and Development (UNCTAD)?
A) 6%
B) 6.2%
C) 6.4%
D) 6.6%
Answer: D) 6.6%
Explanation: The UNCTAD has revised India’s economic growth forecast for 2023 upward to 6.6% from the earlier projection of 6%.
7. What does the UNCTAD recommend to address economic challenges in its latest report?
A) Maintaining the current policies and institutions.
B) Adopting a new policy direction and institutional reforms.
C) Reducing global economic growth.
D) Ignoring the need for policy changes.
Answer: B) Adopting a new policy direction and institutional reforms.
Explanation: The UNCTAD emphasizes the importance of policy changes and institutional reforms to prevent a lost decade in the global economy and urges leading central banks and policymakers to adopt a new policy direction to address economic challenges.
8. What percentage of the total global Annual Average Loss (AAL) in infrastructure is attributed to climatic hazards, according to the report by the Coalition for Disaster Resilient Infrastructure (CDRI)?
A) 30%
B) 50%
C) 70%
D) 90%
Answer: C) 70%
Explanation: The report states that climatic hazards make up 70% of the total global Annual Average Loss (AAL) in infrastructure.
9. What is Muneesh Kapur’s new role after his appointment as an Executive Director by the Reserve Bank of India (RBI)?
A) Secretary to the Monetary Policy Committee (MPC)
B) Adviser-in-Charge within the Monetary Policy Department
C) Overseeing the Department of Economic and Policy Research
D) Executive Director of the International Monetary Fund (IMF)
Answer: C) Overseeing the Department of Economic and Policy Research
Explanation: In his new capacity as Executive Director, Muneesh Kapur will assume responsibility for overseeing the operations of the Department of Economic and Policy Research.
10. What was the primary reason for the surge in India’s diesel exports to Europe in September 2023?
A) Reduced demand for diesel in Europe
B) Increased supplies from West Asia and the United States (US)
C) Maintenance shutdowns at Indian refineries
D) Constrained supplies from the Middle East and robust demand in Europe
Answer: D) Constrained supplies from the Middle East and robust demand in Europe
Explanation: The surge in India’s diesel exports to Europe in September 2023 was primarily driven by constrained supplies from the Middle East and robust demand in Europe.
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