9th November 2023 Current Affairs Quiz: Welcome to the 9th November 2023 Current Affairs Quiz, where we test your knowledge of the latest events and developments from around the world. This quiz is designed to keep you informed and engaged with the most significant news, covering a wide range of topics, from politics and economics to science and culture. So, let’s dive into the quiz and see how well you’re up-to-date with the current affairs of 9th November 2023. Good luck!
9th November 2023 Current Affairs | Today GK Quiz
1. What does the Consumer Price Index (CPI) report indicate for China in October?
a) A significant increase in consumer prices
b) A return to deflation with a 0.2 percent year-on-year decline
c) An unprecedented surge in food prices
d) A consistent upward trend in prices for the past year
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Answer: b) A return to deflation with a 0.2 percent year-on-year decline
Explanation: The Consumer Price Index (CPI) reported a 0.2 percent year-on-year decline in October, indicating a return to deflation.
2. What is the primary cause of deflation mentioned in the text?
a) Increased consumer spending
b) Technological advancements
c) A rise in the money supply
d) Reduced money supply
Answer: d) Reduced money supply
Explanation: One primary cause of deflation is a reduction in the money supply circulating in the economy.
3. Who has been recommended as the next Chairman & Managing Director of Konkan Railway Corporation Limited (KRCL)?
a) Koppu Sadashiv Murthy
b) Anupama Priyadarshini
c) Santosh Kumar Jha
d) The Public Enterprises Selection Panel (PESB)
Answer: c) Santosh Kumar Jha
Explanation: Santosh Kumar Jha has been recommended as the next Chairman & Managing Director of KRCL.
4. What is the career background of Koppu Sadashiv Murthy, who assumed the role of Chairman & Managing Director at Bharat Heavy Electricals Limited (BHEL)?
a) 25 years of experience in retail and steel manufacturing
b) An MBA in Finance and a career spanning 34 years
c) Serving as the Director (Operations & Commercial) at KRCL
d) Holding pivotal roles in major divisions of Indian Railways
Answer: b) An MBA in Finance and a career spanning 34 years
Explanation: Koppu Sadashiv Murthy is an Electrical Engineering graduate with an MBA in Finance and has a career spanning 34 years.
5. What is the primary focus of the United States International Development Finance Corporation (DFC) in its $553 million investment in Adani Ports’ container terminal project in Sri Lanka?
a) Enhancing technological advancements in the region
b) Supporting political stability in Sri Lanka
c) Boosting private-sector investments for economic development and strategic partnerships
d) Promoting cultural exchanges between the U.S. and Sri Lanka
Answer: c) Boosting private-sector investments for economic development and strategic partnerships
Explanation: The DFC’s investment aims to boost private-sector investments that support economic development and strategic partnerships in the region.
6. What is the consortium involved in the Colombo West International Terminal project, and which organization holds the majority stake in it?
a) A consortium of international investors with equal ownership shares
b) The Sri Lanka Ports Authority (SLPA) exclusively
c) A consortium named Colombo West International Terminal Pvt. Ltd., with Adani Ports holding a majority stake of 51%
d) Adani Ports independently, with no consortium involvement
Answer: c) A consortium named Colombo West International Terminal Pvt. Ltd., with Adani Ports holding a majority stake of 51%
Explanation: The consortium involved in the project is named Colombo West International Terminal Pvt. Ltd., with Adani Ports holding a majority stake of 51%.
7. What is the key condition mentioned in S&P Global Ratings’ anticipation of an interest rate cut by the Reserve Bank of India (RBI) in the fiscal year 2024-25?
a) Higher revenue growth
b) Food inflation containment and monsoon performance
c) Extended free food grain scheme
d) Government bond yield reduction
Answer: b) Food inflation containment and monsoon performance
Explanation: S&P Global Ratings anticipates an interest rate cut by the RBI contingent on the containment of food inflation and the performance of the monsoon.
8. What is the main fiscal challenge posed by higher interest rates?
a) Increased government bond yields
b) Enhanced economic growth
c) A surge in monetary policy flexibility
d) Strong revenue growth
Answer: a) Increased government bond yields
Explanation: The higher interest rates pose a fiscal challenge due to India’s government bond yields historically being higher than those of its peers.
9. What does the Reserve Bank of India (RBI) approval for a Payment Aggregator (PA) license allow PayGlocal to do?
a) Invest in prominent companies
b) Receive funding from PeakXV and Tiger Global
c) Facilitate cross-border transactions for individuals
d) Onboard merchants for online payment processing
Answer: d) Onboard merchants for online payment processing
Explanation: The RBI’s approval for a PA license allows PayGlocal to onboard merchants onto its platform for online payment processing.
10. Who are the founders of PayGlocal, the payment platform with a focus on cross-border transactions?
a) Prachi Dharani and Rohit Sukhija
b) Prachi Dharani, Rohit Sukhija, and Yogesh Lokhande
c) PeakXV and Tiger Global
d) Regulatory Advancements and Investment
Answer: b) Prachi Dharani, Rohit Sukhija, and Yogesh Lokhande
Explanation: PayGlocal was founded in 2021 by Prachi Dharani, Rohit Sukhija, and Yogesh Lokhande.
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