Current Affairs For 7th October 2023

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Hello readres, We deliver information in a concise and digestible format, making it easy for you to grasp the key points quickly. Our summaries are designed to provide essential details without overwhelming you with unnecessary jargon.

 

Q1.Which state has received approval for the establishment of Sarakka Central Tribal University?

  1. Andhra Pradesh
  2. Telangana
  3. Maharashtra
  4.  Odisha

Ans:-2)Telangana

  • On October 4th, the Union Cabinet granted approval for the creation of The Sarakka Central Tribal University in Telangana. This university, allocated a budget of Rs 889 crore, will be situated in Mulugu district.
  • This move fulfills a commitment by the Central government outlined in the Andhra Pradesh Reorganisation Act, 2014. The act aimed to facilitate the establishment of tribal universities in both Andhra Pradesh and Telangana.

 

Q2.Who inaugurated the country’s first high-tech sports training center?

  1. President of India
  2. Prime Minister Modi 
  3.  Minister of Sports and Youth Affairs 
  4. Chief Minister of the respective state
  • Prime Minister Narendra Modi unveiled the nation’s inaugural state-of-the-art sports training facility designed for Divyangjan (persons with disabilities) in Gwalior, Madhya Pradesh. The center, named after the former Prime Minister Shri Atal Bihari Vajpayee, is geared towards fostering inclusivity in sports, nurturing talent, and promoting engagement across diverse sporting disciplines. Divyangjan from every corner of the country will have the opportunity to practice and receive training at the Atal Bihari Training Center for Divyang Sports.

 

Q3.What is the significance of the Burevestnik Missile?

1.It is an anti-satellite missile system.

2.It is a missile defense system developed by Russia.

3.It is a nuclear missile capable of reaching targets in the US.

4.It is a conventional missile used for precision strikes.

Ans:-3)It is a nuclear missile capable of reaching targets in the US.

  • In a recent address encompassing topics ranging from nuclear weapons to international relations, Russian President Vladimir Putin disclosed the successful testing of a novel nuclear-powered missile named “Burevestnik”. This ground-launched, low-altitude cruise missile possesses the capacity to transport a nuclear warhead. Its distinguishing feature lies in its nuclear propulsion system, affording it the ability to sustain flight for prolonged durations and traverse great distances.

 

Q4.Which country has delivered uranium for Bangladesh’s Rooppur Nuclear Power Plant?

  1. USA 
  2. Russia 
  3. China 
  4. India

Ans:-2)Russia

  • Bangladesh has recently taken delivery of its initial consignment of uranium from Russia. This uranium will serve as fuel for Bangladesh’s Rooppur nuclear power plant, a crucial endeavor supported by Russia’s Rosatom. The plant, situated in Ishwardi, Bangladesh, is slated to produce 2,400 megawatts of electricity upon full activation of both units. This capacity will cater to the power requirements of roughly 15 million households in Bangladesh, signifying a significant stride in meeting the nation’s energy demands.

 

Q5.What percentage of reservation will Madhya Pradesh provide for women in government jobs?

  1. 25% 
  2. 35% 
  3. 45% 
  4. 50%

Ans:-2)35%

  • In a significant stride towards gender parity and the empowerment of women, the Madhya Pradesh government has introduced a pioneering policy. This policy mandates the reservation of 35% of all state government job positions for women, with the exception of the Forest Department. This progressive alteration to the Madhya Pradesh Civil Services (Special Provision for Appointment of Women) Rules, 1997, comes in anticipation of the impending state assembly elections.

 

Q6.What has received the Geographical Indication (GI) tag in Arunachal Pradesh?

  1. Mithun Cattle 
  2. Yak Churpi 
  3. Bamboo Handicrafts 
  4. Orchid Flowers

Ans:-2)Yak Churpi

  • Recently, the tangy and slightly salty churpi, a naturally fermented cheese crafted from the milk of yaks native to the high-altitude regions of Arunachal Pradesh, has been bestowed with the esteemed Geographical Indication (GI) tag. For the tribal communities of Arunachal Pradesh, churpi, a traditional cheese derived from yak milk, has been a dietary mainstay. Its protein-rich composition renders it a crucial nutritional source, particularly in areas where fresh vegetables are less abundant.

 

Q7.What did RBI reveal recently?

  1. Fifth Bi-Monthly Monetary Policy 
  2. Third Bi-Monthly Monetary Policy 
  3. Fourth Bi-Monthly Monetary Policy 
  4. Second Bi-Monthly Monetary Policy

Ans:-3)Fourth Bi-Monthly Monetary Policy

  • On October 6, the Reserve Bank of India (RBI) announced its fourth bi-monthly monetary policy. The central bank has opted to maintain the repo rate at 6.50% and has taken a stance of ‘withdrawal of accommodation.’
  • Here are the prevailing rates:

– Policy Repo Rate: 6.50%
– Standing Deposit Facility (SDF): 6.25%
– Marginal Standing Facility Rate: 6.75%
– Bank Rate: 6.75%
– Fixed Reverse Repo Rate: 3.35%
– CRR (Cash Reserve Ratio): 4.50%
– SLR (Statutory Liquidity Ratio): 18.00%

 

Q8.What was India’s Services PMI in September?

  1. 13 
  2. 61 
  3. 30 
  4. 50

Ans:-2)61

  • In September, India’s services sector witnessed a substantial surge in both local and global demand, attaining a 13-year peak as per the Purchasing Managers’ Index (PMI) reported by S&P Global Market Intelligence. The PMI escalated to 61, marking an increase from August’s 60.1. However, despite this growth, job generation saw a moderate pace.

 

Q9.What has SBI introduced to drive financial inclusion?

  1. Mobile Banking App 
  2.  Mobile Handheld Device 
  3. Mobile Payment System 
  4. Mobile ATM

Ans:-2)Mobile Handheld Device

  • In a pioneering move towards enhancing banking accessibility and convenience, the State Bank of India (SBI) has introduced the ‘Mobile Handheld Device’ for its Financial Inclusion (FI) customers. This forward-thinking initiative, inaugurated by SBI’s Chairman, Shri Dinesh Khara, aims to bolster financial inclusion efforts and expand essential banking services to a wider audience.
  • The introduction of the Mobile Handheld Device is poised to revolutionize banking accessibility by bringing kiosk banking directly to customers’ doorsteps. This technology offers greater flexibility to Customer Service Point (CSP) agents, enabling them to serve customers no matter their location.

 

Q10.What has RBI formed an external working group on?

  1. Monetary Policy 
  2. Expected Credit Loss Framework 
  3. Banking Regulations 
  4. Digital Payments

Ans:-2)Expected Credit Loss Framework

  • The Reserve Bank of India (RBI) has undertaken a noteworthy measure by establishing an external working group (WG) to examine the expected credit loss (ECL) framework pertaining to loan loss provisioning. This endeavor seeks to gain impartial perspectives on the complexities surrounding this significant transition in the banking sector.
  • Heading the WG is R. Narayanaswamy, a former Professor at IIM Bangalore. The group comprises eight experts, including representatives from six banks, and one member each from KPMG and the Indian School of Business, Hyderabad.