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6th October 2023 Current Affairs Quiz: Welcome to the Current Affairs Quiz for 6th October 2023! This quiz will test your knowledge of the latest and most significant events and developments that have occurred on this date. Stay updated and challenge yourself with questions covering a wide range of topics, from politics and economics to science and culture. Are you ready to put your knowledge to the test and see how well you’re informed about the world’s current affairs? Let’s dive in and get started!
6th October 2023 Current Affairs | Today GK Quiz
1. What is the capacity of the Rooppur power plant when both units are fully operational?
A) 1,500 megawatts
B) 2,400 megawatts
C) 3,000 megawatts
D) 4,800 megawatts
Answer: B) 2,400 megawatts
Explanation: The Rooppur power plant will generate 2,400 megawatts of electricity when both units are fully operational.
2. When is the first unit of the Rooppur plant expected to become operational?
A) July 2022
B) July 2023
C) July 2024
D) July 2025
Answer: C) July 2024
Explanation: The first unit of the Rooppur plant is expected to become operational in July 2024.
3. What index measures the boost in the services sector in India, reaching a 13-year high in September?
A) Gross Domestic Product (GDP)
B) Consumer Price Index (CPI)
C) Purchasing Managers’ Index (PMI)
D) Retail Sales Index (RSI)
Answer: C) Purchasing Managers’ Index (PMI)
Explanation: The significant boost in the services sector in India was measured using the Purchasing Managers’ Index (PMI).
4. What contributed to the growth in the services sector’s sales in India in September?
A) Domestic sales only
B) International sales to Asia and Europe
C) International sales to North America
D) Both domestic and international sales to Asia, Europe, and North America
Answer: D) Both domestic and international sales to Asia, Europe, and North America
Explanation: Both domestic and international sales to Asia, Europe, and North America contributed to the growth in the services sector’s sales in India in September.
5. What is the primary goal of introducing the ‘Mobile Handheld Device’ by the State Bank of India (SBI)?
A) To enhance mobile phone accessibility
B) To improve internet connectivity
C) To empower financial inclusion and extend banking services
D) To provide better customer service at SBI branches
Answer: C) To empower financial inclusion and extend banking services
Explanation: The ‘Mobile Handheld Device’ introduced by SBI aims to empower financial inclusion and extend essential banking services to the masses.
6. What are the initial five core banking services provided by the Mobile Handheld Device?
A) Mobile phone services
B) Internet services
C) Cash withdrawal, cash deposit, fund transfer, balance inquiry, and mini statement
D) Social security services, account opening, remittances, and card-based services
Answer: C) Cash withdrawal, cash deposit, fund transfer, balance inquiry, and mini statement
Explanation: The Mobile Handheld Device initially provides five core banking services, including cash withdrawal, cash deposit, fund transfer, balance inquiry, and mini statement.
7. Who is leading the external working group (WG) formed by the Reserve Bank of India (RBI) to address the expected credit loss (ECL) framework for loan loss provisioning?
A) The Governor of RBI
B) R. Narayanaswamy, former Professor at IIM Bangalore
C) A member from KPMG
D) A member from the Indian School of Business, Hyderabad
Answer: B) R. Narayanaswamy, former Professor at IIM Bangalore
Explanation: The WG is led by R. Narayanaswamy.
8. What is one of the primary objectives of the working group in relation to the expected credit loss (ECL) framework?
A) Proposing prudential floors for provisioning
B) Determining the shift schedule from the incurred loss provisioning system
C) Providing flexibility for banks to phase out increased provisions
D) Defining credit risk model principles for banks
Answer: D) Defining credit risk model principles for banks
Explanation: One of the primary objectives of the working group is to define credit risk model principles for banks.
9. Who leads the Monetary Policy Committee (MPC) responsible for determining the policy repo rate in India?
A) The Deputy Governor of the Reserve Bank of India
B) Prof. Ashima Goyal
C) The Governor of the Reserve Bank of India
D) Dr. Shashanka Bhide
Answer: C) The Governor of the Reserve Bank of India (Chairperson, ex officio)
Explanation: The MPC is led by the Governor of the Reserve Bank of India.
10. What is the primary role of the MPC in India’s monetary policy framework?
A) Setting the Cash Reserve Ratio (CRR)
B) Regulating the Statutory Liquidity Ratio (SLR)
C) Determining the policy repo rate
D) Conducting open market operations (OMOs)
Answer: C) Determining the policy repo rate
Explanation: The primary role of the MPC is to determine the policy repo rate, which is a crucial tool for achieving the inflation target set by the RBI.
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