Dec 9 GK TODAY + ADDA

Question 1

India announced a USD 250 million line of credit to which country for modernisation of its agricultural sector?
[A] Kenya
[B] South Africa
[C] Congo
[D] Papua New Guinea

Answer 1

Kenya

Question 2

What is the trend of cybercrimes and economic offences in 2022, as compared to 2021?
[A] Increased
[B] Decreased
[C] Remained same
[D] No data

Answer 2

Increased

Question 3

‘Gram Manchitra’ application, which was recently launched, is associated with_:?
[A] Geographic Information System
[B] Cultural Archive
[C] Educational Resource
[D] Vaccination Reminder

Answer 3

A

Question 4

iGOT Karmayogi Platform is an online learning portal launched for which category of people?
[A] MSME owners
|B] Street vendors
[C] Sanitary workers
[D] Government officials

Answer 4

D

Question 5

Which institution has been publishing the ‘India Infrastructure
Report’ series since 2001?
[A] NSSO
[B] NITI Aayog
[C] IDFC Foundation
[D] Larsen and Toubro

Answer 5

IDFC Foundation

Question 6

Around 1,000 migrating birds died in which country after colliding with illuminated buildings?
[A] Australia
[B] USA
[C] Indonesia
[D] Philippines

Answer 6

USA

Question 7

‘JT-6OSA’, the world’s largest and most advanced nuclear fusion reactor, is a joint initiative between the European Union and which country?
[A] India
[B] Japan
[C] USA
[D] Australia

Answer 7

Japan

Question 8

Which European country approved a bill to ban disposable electronic cigarettes?
[A] France
[B] Germany
[C] Italy
[D] Romania

Answer 8

France

Question 9

Umrah is a pilgrimage associated with which religion?
[A] Islam
[B] Hinduism
[C] Sikhism
[D] Jainism

Answer 9

Islam

Question 10

Which technology company introduced a new Al model named
‘Gemini’?
[A] Microsoft
[B] Google
[C] Samsung
[D] Apple

Answer 10

Google

Question 11

Which company is associated with the “Accelerating India’s Potential to Address the Global XR Opportunity” report?
[A] Apple
[B] Meta
[C] Microsoft
[D] Google

Answer 11

Meta

Question 12

Which organisation released the draft of a global climate agreement which presented three options to tackle fossil fuels?
[A] UN
[B] WEF
[C] NITI Aayog
[D] IMF

Answer 12

UN

Question 13

1. Cab aggregator Uber announced the launch of its global flagship electric vehicle service Uber Green in which city?
2. Where was the 5th edition of Global Ayurveda Festival held in 2023?
3. Which country is recently re-elected to the International Maritime Organisation (IMO) Council with the highest tally?
4. As per the recently announced roadmap by which year, there will be a mandatory 5% blending of compressed biogas (CBG) in city gas distribution (CGD)?
5. Waters near which city are venue of biggest ever multilateral exercise Milan-2024 of Indian Navy?

Answer 13

1. Bengaluru
2. Thiruvananthapuram
3. India
4. 2029
5. Visakhapatnam

Question 14

What was the outcome of the RBI MPC meeting in December 2023?
Time Spent 00:05
Repo rate increased
Repo rate decreased
C Repo rate remained unchanged at 6.5%
D
Repo rate fluctuated
E Repo rate reduced to 6%

Answer 14

Explanation:
The MPC decided unanimously to maintain the repo rate at 6.5%, sustaining this status for the fifth consecutive meeting.

Question 15

What is the proposed timeline for the operationalization of the fintech repository, as stated in RBI’s MPC 2023 statement?
A January 2023
B
April 2024
December 2023
D
March 2025
E June 2024

Answer 15

Explanation:
The fintech repository is set to be operationalized by the Reserve Bank Innovation Centre in April 2024 or earlier, as mentioned by RBI Governor Shaktikanta Das.

Question 16

What is the RBl’s projected GDP growth for the fiscal year
6%
B 7%
8%
D
5%
E 9%

Answer 16

Explanation:
The MPC projects a GDP growth of 7% for the fiscal year 2023-24.

Question 17

What change has been made to UPI limits in the December
2023 RBI MPC meeting?
Increased to Rs 2 lakh per transaction
Reduced to Rs 50,000 per transaction
C Maintained at Rs 1 lakh per transaction
Increased to Rs 5 lakh per transaction
E Removed UPI limits

Answer 17

Explanation:
The UPI limit has been increased to Rs 5 lakh per transaction for hospitals and educational institutions.

Question 18

What is the Cash Reserve Ratio (CRR) as per the latest RBI MPC update?
3.5%
B 4.0%
4.25%
D
4.5%
E 5.0%

Answer 18

Explanation:
The Cash Reserve Ratio (CRR) stands at 4.5% according to the latest RBI MPC data.

Question 19

What is the primary reason for the RBl’s decision to retain the policy stance as ‘withdrawal of accommodation?
To encourage higher borrowing
B Due to a decrease in inflation
C Concerns about potential upside risks to inflation
D
To stimulate economic growth
E None of the above

Answer 19

Explanation:
The ‘withdrawal of accommodation’ policy stance is retained due to concerns about potential upside risks to inflation, especially in the context of rising food prices.

Question 20

What is the major concern highlighted by Governor Shaktikanta Das regarding the inflation outlook?
Time Spent 00:13
Decline in core inflation
B
Risks to food inflation leading to an uptick
C Overestimation of inflation figures
D
Global economic factors impacting inflation
E None of the above

Answer 20

Explanation:
Governor Das expressed concerns about the near-term inflation outlook being “masked” by risks to food inflation, which may lead to an uptick in November and December, warranting vigilance.

Question 21

How does Open Market Operation (OMO) contribute to monetary management?
It sets credit limits for commercial banks
It regulates consumer credit supply
It involves outright purchase and sale of government securities
It influences the overnight liquidity absorbed by
RBI
E
It determines the Bank Rate

Answer 21

Explanation:
OMO includes buying and selling government securities to inject or absorb long-term liquidity in the market.

Question 22

What is the function of Cash Reserve Ratio (CRR) in the Indian banking system?
To regulate consumer credit
To determine the Bank Rate
To influence overnight liquidity absorbed by RBI
D
To set credit limits for commercial banks
To control liquidity in the banking system

Answer 22

Explanation:
CRR mandates banks to maintain a daily balance with RBI, influencing liquidity in the banking system.

Question 23

What is the primary focus of Monetary Policy?
Time Spent 00:05
Regulating tax policies
B Managing government expenditures
C Controlling money supply and interest rates
D
Addressing fiscal deficit
E Enhancing international trade

Answer 23

Explanation:
Monetary policy primarily involves controlling the money supply and interest rates to ensure economic stability.

Question 24

Who is slated to assume the position of Vice Chief of Naval Staff in the Indian Navy on January 4?
Vice Admiral Dinesh Tripathi
Vice Admiral Jagdish Tripathi
C Vice Chief Naval Pankaj Tripathi
D
Admiral Rohit Pandey
E Vice Admiral Hari Kumar

Answer 24

Explanation:
Vice Admiral Dinesh Tripathi is set to assume the position of Vice Chief of Naval Staff.

Question 25

What was the theme of the 5th Nagaland Honey Bee Day celebration?
Bee & Honey Trials
Beekeeping Excellence
Bee & Honey Festivities
D Honey Harvest Celebration
E Nectar Exploration Symposium

Answer 25

Explanation:
The 5th Nagaland Honey Bee Day was celebrated with great enthusiasm at Naga Heritage Village, Kisama, under the theme “Bee & Honey Trials.”

Question 26

Who has recently assumed the position of Executive Director at the Insolvency and Bankruptcy Board of India (IBBI)?
Jitesh Das
Jithesh John
• M D Patra
D
Jitesh Reddy
E None of the above

Answer 26

Explanation:
In a recent announcement, the Insolvency and Bankruptcy Board of India (IBBI) confirmed that Jithesh John, a seasoned Indian Economic Service Officer from the 2001 batch, has assumed the position of Executive Director.

Question 27

Who has been appointed as the new Chairman of Max Life
Rajiv Anand
Rajiv Ahir
C Anand Mohan
D
Kulbhusan Singh
E Analjit Singh

Answer 27

Explanation:
Rajiv Anand has been appointed as the new Chairman of Max Life Insurance.

Question 28

What is the name of IBM’s latest quantum processor that boasts 1,121 qubits?
Quantum Leap
Honeycomb
© Condor
D
Qubit Milestone
E Superconducting Quantum

Answer 28

Explanation:
IBM’s latest quantum processor with 1,121 qubits is named
Condor.