Current affairs coverage goes beyond just reporting facts. It offers analysis, background information, and context to help individuals understand the underlying causes, implications, and perspectives surrounding various events. This enables individuals to form more informed opinions and make sense of complex issues.

Q1.What is the amount that India plans to invest in infrastructure by 2030?

1. ₹43 Lakh Crore
2. ₹93 Lakh Crore
3. ₹113 Lakh Crore
4. ₹143 Lakh Crore

Ans:- 4)₹143 Lakh Crore

• India is poised for a significant surge in infrastructure expenditure, with plans to invest nearly ₹143 lakh crore between fiscal years 2024 and 2030. This amount is over twice the ₹67 lakh crore spent on infrastructure in the past seven financial years starting from 2017.
• A noteworthy feature of this investment is that ₹36.6 lakh crore will be dedicated to green projects. This constitutes a fivefold increase in comparison to the amount expended on sustainability-focused initiatives between fiscal years 2017 and 2023. This emphasis on green investments underscores India’s unwavering dedication to environmental sustainability.
• The hydrogen sector is anticipated to draw substantial investments, estimated at ₹1.5 lakh crore between fiscal years 2024 and 2030. Mandates promoting green hydrogen utilization and incentive programs will hold pivotal roles, given that the production cost of green hydrogen is twice that of fossil-based hydrogen.

Q2.Who launched IndiaSkills 2023-24 in New Delhi?

1.  Narendra Modi
2. Amit Shah
3. Dharmendra Pradhan
4. Rajnath Singh

Ans:-3)Dharmendra Pradhan

• The Ministry of Skill Development & Entrepreneurship has introduced the IndiaSkills 2023-24 program, celebrating the outstanding achievements of the winners at WorldSkills 2022. India, securing the 11th position in the global competition last year, is now set to make significant advancements in skill development.
• Union Minister Dharmendra Pradhan emphasized the need to expand participation and boost the skill development ecosystem, highlighting the importance of competencies over conventional degrees. He stressed the significance of introducing practical skills, which would augment the workforce’s acceptance in the job market.
• Additionally, the Union Minister extended his congratulations to 18 candidates from India for their exceptional performance at the World Skills Competition 2022 Special Edition. India’s participation across 50 skills resulted in an admirable 11th position, accompanied by 2 Silver Medals, 3 Bronze Medals, and 13 Medallions for Excellence.

Q3.After how many decades has the India-Sri Lanka Ferry Service reopened?

1. Two Decades
2. Three Decades
3. Four Decades
4. Five Decades

Ans:-3) Four Decades

• The long-standing sea route connecting India and Sri Lanka has been reinvigorated with the introduction of a passenger ferry service from Nagapattinam in Tamil Nadu to Kankesanthurai in Jaffna, Northern Sri Lanka. The passenger ferry, named ‘Cheriyapani,’ was officially inaugurated on a Saturday.
• A one-way ticket for this high-speed craft is priced at approximately Rs 7,670, coupled with a generous baggage allowance of up to 40 kg per passenger. The journey embarks from Nagapattinam at 7 am, arriving at Kankesanthurai by 11 am. The return trip sets off at 1.30 pm, reaching Nagapattinam by 5.30 pm.
• The reinstatement of the passenger ferry service holds significant potential for the region. By offering an additional mode of transportation, it has the capacity to enhance religious tourism in the coastal areas of both India and Sri Lanka.

Q4.What does the term ‘IRON BEAM’ refer to?

1. A new type of steel alloy
2. An advanced missile defense system
3. A high-speed train technology
4. A renewable energy project

Ans:-2)An advanced missile defense system

• The long-standing sea route connecting India and Sri Lanka has been reinvigorated with the introduction of a passenger ferry service from Nagapattinam in Tamil Nadu to Kankesanthurai in Jaffna, Northern Sri Lanka. The passenger ferry, named ‘Cheriyapani,’ was officially inaugurated on a Saturday.
• A one-way ticket for this high-speed craft is priced at approximately Rs 7,670, coupled with a generous baggage allowance of up to 40 kg per passenger. The journey embarks from Nagapattinam at 7 am, arriving at Kankesanthurai by 11 am. The return trip sets off at 1.30 pm, reaching Nagapattinam by 5.30 pm.
• The reinstatement of the passenger ferry service holds significant potential for the region. By offering an additional mode of transportation, it has the capacity to enhance religious tourism in the coastal areas of both India and Sri Lanka.

Q5.Who visited Israel amid an ongoing conflict?

1. Boris Johnson
2. Emmanuel Macron
3. Joe Biden
4. Justin Trudeau

Ans:- 3) Joe Biden

• United States President Joe Biden is scheduled to visit Israel amidst an ongoing conflict with Hamas fighters. This trip has been confirmed by US Secretary of State Anthony Blinken, and the White House has released an official statement expressing strong support for Israel.
• Biden’s visit follows a breach of Israel’s heavily fortified Gaza border by Hamas fighters, leading to a surprise attack. In response, Israel’s Prime Minister Benjamin Netanyahu declared war on Hamas, resulting in significant casualties and destruction.
• During his visit, President Biden will hold discussions with Israel’s Prime Minister Netanyahu in Tel Aviv. Subsequently, he will travel to Jordan’s capital, Amman, to explore options for increasing humanitarian aid to Gaza. In Amman, he will also meet with Jordan’s King Abdullah, Egyptian President Abdel Fattah el-Sisi, and the Palestinian Authority President Mahmoud Abbas, who opposes Hamas and governs the West Bank.

Q6.What did UP CM Yogi Adityanath announce for Ujjwala Scheme beneficiaries?

1. Free Electricity
2. Free Gas Cylinder
3. Free Water Supply
4. Free Mobile Phones

Ans:- 2) Free Gas Cylinder

• Uttar Pradesh Chief Minister Yogi Adityanath made a significant announcement regarding the Ujjwala scheme. Every beneficiary of the scheme will receive a complimentary cooking gas cylinder as a special Diwali gesture. This gift holds immense importance for the Ujjwala scheme beneficiaries, signifying a crucial step towards enhancing the lives of the underprivileged.
• This announcement was made during an event in Bulandshahr, where Chief Minister Adityanath not only shared this heartening news but also inaugurated and laid the foundation stones for a range of development projects amounting to a substantial Rs 632 crore.
• Additionally, Chief Minister Adityanath lauded the impact of the ‘Beti Bachao Beti Padhao’ campaign. This initiative has reached a point where accomplished women like Parul Chaudhary and Annu Rani have secured gold medals in the Asian Games, bringing honor to both the nation and the state of Uttar Pradesh.

Q7.What did PM Modi unveil for India’s maritime economy?

1. Short Term Plan
2. Mid Term Blueprint
3. Long Term Blueprint
4. Economic Stimulus Package

Ans:-3)Long Term Blueprint

• Prime Minister Narendra Modi inaugurated a series of significant maritime projects, including the unveiling of a long-term vision document for the blue economy. These initiatives are aligned with the ‘Amrit Kaal Vision 2047’ for the Indian maritime blue economy.
• The vision document outlines strategic initiatives aimed at enhancing port facilities, promoting sustainable practices, and facilitating international collaboration. The Prime Minister laid the foundation stone of the Tuna-Tekra all-weather deep-draft terminal, to be built at a cost of more than Rs 4,500 crore at Deendayal Port Authority in Gujarat.
  The greenfield terminal, developed through a public-private partnership (PPP) mode, is expected to emerge as an international trade hub. The Prime Minister also dedicated more than 300 Memorandums of Understanding (MoUs) worth more than Rs 7.16 lakh crore for global and national partnerships in the maritime sector.

Q8.Which institution imposed a monetary penalty on four cooperative banks and one HFC?

1. RBI
2. SBI
3. PNB
4. BOB

Ans:-1)RBI

• The Reserve Bank of India (RBI) has recently taken punitive measures against several financial institutions in Gujarat for non-compliance with established banking regulations. These actions include:

1. Gujarat Mercantile Co-operative Bank Ltd. faced a penalty of ₹4.50 lakh due to violations of RBI directives pertaining to deposit placement, Cash Reserve Ratio (CRR), exceeding inter-bank exposure limits, and failure to maintain the minimum CRR on certain days.

2. Nagarik Sahakari Bank Ltd. incurred a penalty of ₹2.00 lakh for contravening specific sections of the Banking Regulation Act, 1949.

3. Makarpura Industrial Estate Co-operative Bank Ltd. received a ₹2.00 lakh penalty for non-compliance in transferring eligible funds to the Depositor Education and Awareness Fund and for sanctioning a loan with a relative of a bank director as guarantor.

4. The Sevalia Urban Co-operative Bank Ltd. was fined ₹50,000 for not adhering to RBI directives regarding loans and advances.

5. West End Housing Finance Limited faced a penalty of ₹1.70 lakh for failing to comply with National Housing Bank (NHB) directions on shareholding changes and for making shareholding alterations without obtaining prior written permission from NHB or RBI, thereby surpassing permitted limits.

Q9. What regulatory approval did IDFC receive for its merger with IDFC First Bank?

1. SEBI Approval
2. RBI Approval
3. CCI Approval
4. NSE Approval

Ans:- 3) CCI Approval

• On October 17, 2023, the Competition Commission of India (CCI) granted its approval for the merger of Infrastructure Development Finance Company (IDFC) and IDFC First Bank, as stated in a regulatory filing. This development follows Housing Development Finance Corporation (HDFC) successfully concluding its merger with HDFC Bank on July 1. As of June 30, 2023, IDFC held a 30.93 percent stake in IDFC First Bank through its non-financial holding company. Both entities have set their sights on finalizing the merger within the current fiscal year and have mutually settled on a share exchange ratio of “155:100”. This signifies that for every 100 shares of IDFC, shareholders will be allocated 155 shares of IDFC First Bank.

Q10.How much equity stake is the government planning to sell in Hudco through the Offer for Sale (OFS) process?

1. 5%
2. 7%
3. 10%
4. 15%

Ans:- 2) 7%

• The Indian government has unveiled its plan to sell a 7% equity stake in Housing and Urban Development Corp. Ltd (Hudco) through an offer for sale (OFS) scheduled for October 18-19. This strategic move is anticipated to yield approximately ₹1,100 crore in revenue.
• The OFS will kick off on October 18 for non-retail investors, followed by retail investors on the subsequent day. The government aims to divest 7% equity, inclusive of a green shoe option of 3.5%.
• The floor price for the offer has been fixed at ₹79 per share, representing a 12% reduction from the closing price of ₹89 on the BSE as of the preceding Tuesday. Around 140 million shares will be made available for purchase, amounting to a total value of approximately ₹1,106 crore. Notably, Hudco, in a filing with the BSE, confirmed that there will be no retail discount provided for the OFS.

Current affairs coverage sheds light on social, political, economic, and environmental issues that may not receive widespread attention. By highlighting these topics, it raises awareness among individuals and promotes a sense of social responsibility and civic engagement.

Q1.What recent decision has the Supreme Court of India made regarding the Electoral Bond case?

1. The case has been dismissed
2. The case has been referred to a 5-judge Constitution Bench
3. The case has been postponed indefinitely
4. The case has been transferred to a lower court

Ans:-2)The case has been referred to a 5-judge Constitution Bench

• The Supreme Court has taken the step of referring a cluster of petitions contesting the electoral bond scheme for political party funding to a five-judge Constitution bench. This move, led by Chief Justice D Y Chandrachud, came in response to an urgent application seeking a decisive judgment. The hearing for this matter is scheduled for October 30.
• Electoral bonds were introduced as a substitute for cash donations to political parties, with the aim of enhancing transparency and accountability in political funding.
• The presence of four Public Interest Litigations (PILs) underscores the substantial public interest and concern surrounding the electoral bond scheme. Back in March, one of the PIL petitioners asserted that a significant sum, amounting to Rs 12,000 crore, had been channeled to political parties via electoral bonds.

Q2.What decision did the Supreme Court make regarding the appeal to legalize same-sex marriage?

1. The appeal was accepted and same-sex marriage was legalized
2. The appeal was dismissed, and same-sex marriage remains illegal
3. The appeal was referred to a Constitutional Bench for further consideration
4. The Supreme Court did not make a decision on the matter

Ans:-2)The appeal was dismissed, and same-sex marriage remains illegal

• India’s Supreme Court recently delivered a notable verdict, rejecting an appeal to legalize same-sex marriages in the nation. This decision represents a setback for LGBTQ rights in one of the world’s most densely populated countries.
• Chief Justice Dhananjaya Yeshwant Chandrachud underscored that matters like same-sex marriage ought to be addressed by the parliament, reiterating the court’s dedication to refraining from involvement in policy affairs.
• Chandrachud additionally advocated for initiatives to combat discrimination against LGBTQ individuals. This encompasses the implementation of helplines and the establishment of secure shelters for those within the LGBTQ community who are at risk.

Q3.What is the expected outcome for the pro-EU opposition in Poland’s parliament polls?

1. Projected to win
2. Projected to lose
3. Expected to face a tie
4. No projections have been made

Ans:-2)Project to lose

• Poland’s recent parliamentary elections marked a significant shift, putting an end to eight years of populist rule by the Law and Justice (PiS) party. The liberal opposition, led by former EU chief Donald Tusk, emerged victorious, heralding a new era for the nation.
• A focal point in the elections was women’s rights, particularly Poland’s stringent abortion laws. Tusk’s commitment to liberalize these laws galvanized a substantial number of women voters. Notably, more women than men participated in the vote, with an impressive 73.7% turnout among women.
• Tusk’s Civic Coalition, potentially joined by allies Third Way and Left, is poised to secure a majority in the 460-seat parliament. This outcome signals a potential shift towards more progressive policies, including improved relations with the European Union and a commitment to release frozen EU funds.

Q4.How much worth of development projects did the Prime Minister inaugurate in Uttarakhand?

1. Rs 2400 Crore
2. Rs 3200 Crore
3. Rs 4200 Crore
4. Rs 5200 Crore

Ans:- 3) Rs 4200 Crore

• In Pithoragarh, Uttarakhand, Prime Minister Shri Narendra Modi recently marked a momentous occasion by laying the foundation stone and dedicating numerous development projects valued at around Rs 4200 crore.
• Encompassing a wide array of sectors such as rural development, road infrastructure, power generation, irrigation, drinking water supply, horticulture, education, healthcare, and disaster management, these initiatives reflect the Prime Minister’s dedication to fostering progress, connectivity, and resilience in Uttarakhand. They are poised to contribute significantly to the state’s sustainable development and elevate the overall quality of life for its residents.

Q5.What is the name of the campaign initiated by the Uttar Pradesh Government?

1. ‘Clean and Healthy Festival’
2. ‘Swachch Tyohar, Swasth Tyohar’
3. ‘Health and Hygiene Drive’
4. ‘Clean India, Green India’

Ans:-2)’Swachch Tyohar, Swasth Tyohar’

• The Uttar Pradesh government led by Yogi Adityanath has introduced a special cleanliness campaign titled ‘Swachch Tyohar, Swasth Tyohar’ (Clean Festival, Healthy Festival). This drive advocates the belief that ‘Cleanliness is next to Godliness’ and encourages active participation from both municipal bodies and citizens.
• The campaign underscores the significance of cleanliness, especially during the festive season. By ensuring clean and hygienic environments at religious sites and promptly addressing any infrastructure issues, the government aims to offer a spiritually enriching and enjoyable festival experience for everyone.
• This initiative seamlessly marries the timeless wisdom that ‘Cleanliness is next to Godliness,’ fostering a harmonious integration of spirituality and hygiene during the forthcoming Navratri, Dussehra, and Diwali festivities.

Q6.Which state became the first to take measures to guarantee minimum wages for workers?

1. Bihar
2. Jharkhand
3. Chhattisgarh
4. Odisha

Ans:- 2) Jharkhand

• Jharkhand is making history as the first state in India to take strides towards encompassing gig workers, including employees of platforms like Swiggy, Zomato, Ola, Uber, and Rapido, within the purview of minimum wages. This groundbreaking move signifies a major step in ensuring equitable compensation for those operating in the gig economy.
• Jharkhand’s progressive approach in considering minimum wages for gig workers and reassessing wage standards for laborers across different sectors is a significant stride towards guaranteeing fair remuneration. Under the state’s labor department, the Jharkhand State Minimum Wage Advisory Council has constituted a committee to address this matter.
• The primary goal of this committee is to examine the working conditions of gig workers, particularly those engaged in delivery and ride-hailing services. Based on their findings, the committee will put forth recommendations regarding the minimum wages applicable to these workers.

Q7.What is the expected economic growth rate of India in 2023-24?

1. 5%
2. 6%
3. 7%
4. 8%

Ans:- 3)7%

• India has demonstrated remarkable resilience in the face of global challenges, according to the latest India Development Update (IDU) by the World Bank. Despite a challenging global scenario, India’s economy expanded by 7.2% in FY22/23, positioning it among the fastest-growing major economies.
• The robust internal demand in India played a pivotal role in driving its economic growth. Substantial investments in public infrastructure spurred economic activity. Additionally, the financial sector witnessed bolstered growth, contributing to overall economic resilience.
• The initial quarter of FY23/24 witnessed a 15.8% surge in bank credit, indicating a robust financial environment. Inflation saw a rise to 7.8% in July, primarily due to escalated food prices, but it is anticipated to gradually stabilize. The trend of fiscal consolidation is expected to persist, with the fiscal deficit predicted to decrease from 6.4% to 5.9% of GDP. Moreover, public debt is stabilizing at 83% of GDP.

Q8.According to the FICCI survey, what is the projected economic growth rate for India in FY24?

1. 5.3%
2. 6.3%
3. 7.3%
4. 8.3%

Ans:-2)6.3%

• The Federation of Indian Chambers of Commerce and Industry (FICCI) recently unveiled its latest Economic Outlook Survey, offering insights into the anticipated growth of India’s economy in the upcoming fiscal year, FY24.
• The survey’s central projection envisions a 6.3% expansion in the Indian economy for FY24. This projection is contingent on various pivotal factors. Additionally, the festive season is expected to be a catalyst for economic growth. Festive occasions traditionally lead to heightened consumer spending, which, in turn, propels economic advancement.
• Anticipations suggest that growth in the agricultural sector will decelerate from 4% in FY23 to 2.7% in the current fiscal year due to the impact of El Niño on monsoon rainfall. Meanwhile, the industry sector is projected to grow at a rate of 5.6%, underscoring its significance in India’s economic landscape. The services sector is predicted to demonstrate robust growth at 7.3%, emphasizing its pivotal role as a major contributor to India’s economic upswing.

Q9.For how many consecutive months has wholesale inflation remained negative in India?

1. Three months
2. Four months
3. Five months
4. Six months

Ans:- 4) Six months

• India’s Wholesale Price Index (WPI) continued its negative trend for the sixth consecutive month in September, registering at -0.26 percent. This indicates a persistent decline in wholesale-level prices of goods.
• Notably, the food index within the Wholesale Price Index (WPI) saw a significant drop, largely attributed to a sharp reduction in tomato prices. Although tomatoes experienced a substantial decline of 73 percent in September, other food items such as cereals (1 percent), pulses (6 percent), fruits (5 percent), and milk (0.7 percent) witnessed price increases, leading to concerns for consumers.
• The WPI data indicated a 0.59 percent month-on-month (MoM) reduction in September, mirroring the 1.1 percent decline in the Consumer Price Index (CPI). Nevertheless, the adverse base effect, coupled with escalating prices in specific categories, counterbalanced the sequential decline, underscoring persisting economic challenges.

Q10.How much investment has the Asian Development Bank made to enhance Ahmedabad’s peri-urban areas?

1. $81 Million
2. $101 Million
3. $141 Million
4. $181 Million

Ans:-4)$181 Million

• The Asian Development Bank (ADB) has approved a loan of $181 million to enhance the quality of life in the peri-urban areas surrounding Ahmedabad, a city in the state of Gujarat, India. The project aims to elevate urban living standards and mobility in these swiftly expanding areas.
• A primary objective of this initiative is to regulate urban sprawl, offering a model for urban planning in other regions as well. This approach aids in effectively managing the expansion of cities and their surrounding areas.
• Furthermore, the project will augment the connectivity of peri-urban areas to Ahmedabad city, encompassing the improvement of 10 junctions along the existing Sardar Patel Ring Road.

Greetings, curious minds. Our journey into current affairs is a voyage through the ever-changing tides of our world.  Current Affairs are very important for all competitive exams including Banking, SSC, RBI, NABARD, UPSC Based exam, WBCS, State level civil service, etc.

Q1.What initiative has the government launched to promote eco-friendly actions?

1. Tradable Green Credit Program
2. Green Investment Scheme
3. Sustainable Development Credit Initiative
4. Eco-Friendly Action Incentive Program

Ans:-1)Tradable Green Credit Program

• The government has launched an innovative scheme enabling individuals and entities to accrue and exchange green credits, representing rewards for environmentally constructive activities. This endeavor seeks to stimulate favorable environmental impacts through market-driven incentives. Operating on a voluntary basis, this national-level program fosters a competitive market-oriented strategy for the procurement of green credits, thereby motivating environmental initiatives. This initiative is an offshoot of the ‘LiFE’ (Lifestyle for Environment) campaign.

Q2.What is the name of the initiative related to student ID cards?

1. One Student Nation
2. APAAR ID
3. Student ID Connect
4. National Student Identity Program

Ans:-2)APAAR ID

• The Ministry of Education, in collaboration with the Government of India, has introduced the APAAR ID, also known as the “One Nation One Student ID Card” initiative. This pioneering program is designed to digitally centralize academic information such as degrees, scholarships, achievements, and other credentials for students.
• The APAAR ID, or One Nation One Student ID Card, represents a major stride towards creating a more streamlined and user-friendly academic ecosystem for students across India. By registering and obtaining their APAAR ID, individuals can access a range of benefits and securely manage their academic records.

Q3.What is the subject of the article titled “Sri Lanka’s Strategic Trade Revisions: A Roadmap For Economic Transformation”?

1. Sri Lanka’s Environmental Policies
2. Economic Transformation in Sri Lanka
3. Trade Relations with Sri Lanka
4. Strategic Roadmap for Sri Lanka’s Military

Ans:-2)Economic Transformation in Sri Lanka

• Sri Lanka’s State Minister of Finance, Shehan Semasinghe, has revealed the country’s plan to reevaluate its existing free trade agreements (FTAs) with crucial bilateral allies. The initial emphasis will be placed on initiating dialogues with three vital partners: India, China, and Thailand. The primary aim is to effectively finalize the ongoing negotiations with these nations before progressing towards a more comprehensive regional trade agreement.

Q4.Where was the tallest BR Ambedkar statue outside India unveiled?

1. Washington
2. New York
3. London
4. Paris

Ans:- 1)Washington

• In a momentous occasion, a towering 19-foot statue of Dr. B.R. Ambedkar, the chief architect of India’s Constitution, was officially unveiled in a suburb of Maryland, Washington. This statue stands as the tallest of its kind outside India and carries immense significance for both Indian-Americans and the global Indian diaspora.
• The distinguished artist and sculptor, Ram Sutar, renowned for crafting the ‘Statue of Unity’ dedicated to Sardar Patel on an island in Gujarat’s Narmada River, was the creator of this remarkable statue.

Q5.What is the subject of the article titled “Understanding The Indian Ocean Rim Association (IORA) And Its Significance”?

1. Indian Ocean Climate Patterns
2. Indian Ocean’s Marine Life
3. Indian Ocean Rim Association (IORA)
4. Indian Ocean Trade Routes

Ans:-3)Indian Ocean Rim Association (IORA)

• The Indian Ocean Rim Association (IORA) recently held its Council of Ministers meeting in Colombo on October 11, garnering attention from countries across the globe. Its origins can be traced back to a speech delivered by former South African President Nelson Mandela during his visit to India in 1995.
• Comprising 23 member nations and 11 dialogue partners, IORA plays a pivotal role in promoting regional cooperation within the Indian Ocean sphere. This encompasses countries from African, West Asian, South Asian, South East Asian, Australian, and Indian Ocean littoral states.
• The Indian Ocean Region is of immense significance due to its geographical, economic, and strategic relevance. It houses approximately one-third of the world’s population, amounting to 2.6 billion people.

Q6.Where did Jaishankar unveil Rabindranath Tagore’s bust?

1. Japan
2. Vietnam
3. Sri Lanka
4. Thailand

Ans:-3)Vietnam

• In a recent diplomatic move, India’s External Affairs Minister, S. Jaishankar, unveiled a bust of Nobel Laureate writer and poet Rabindranath Tagore in Bac Ninh city. This gesture symbolizes the deep-rooted historical and cultural connections between the two nations.
• The inauguration of Tagore’s bust in Bac Ninh city underscores the enduring relationship and mutual esteem that India and Vietnam hold, setting the stage for a promising future in their diplomatic and cultural ties.
• Indian monks played a pivotal role in introducing Buddhism to Vietnam, establishing a shared spiritual heritage. A living testament to the longstanding bonds between India and Vietnam is the Bodhi tree, a gift from President Rajendra Prasad to President Ho Chi Minh in 1959.

Q7.Which political party in Telangana unveiled a manifesto for the underprivileged?

1. Bharatiya Janata Party (BJP)
2. Telangana Rashtra Samithi (TRS)
3. Indian National Congress (INC)
4. Communist Party of India (CPI)

Ans:- 2)Telangana Rashtra Samithi (TRS)

• The Bharat Rashtra Samithi (BRS) has recently revealed its manifesto, pledging an array of transformative measures aimed at enhancing the well-being of underprivileged citizens. During a press conference held on October 15th, party president and Chief Minister K. Chandrashekar Rao elucidated on these promises, emphasizing their dedication to uplift the marginalized segments of society.

Q8.Which Indian state recently got its first 3D-printed building in just 28 days?

1. Kerala
2. Maharashtra
3. Tamil Nadu
4. Karnataka

Ans:-1)Kerela

• Kerala has achieved a remarkable feat in the realm of construction with the introduction of Amaze-28, the state’s inaugural building constructed through 3D printing technology. This pioneering architectural marvel, featuring a 380-square-foot, single-room summer house, was unveiled at the Kerala State Nirmithi Kendra (Kesnik) campus in PTP Nagar, Thiruvananthapuram.
• Amaze-28’s construction entailed a mere 28 hours of 3D printing, while the remaining components, including windows and roofing, were fashioned using conventional methods. The chief advantage of this technology lies in its unprecedented speed.

Q9.Why did RBI impose a ₹1 crore penalty on Union Bank?

1. Violation of Customer Privacy
2. Inadequate Capital Reserves
3. Non-Compliance with Banking Regulations
4. Mishandling of Government Funds

Ans:-3) Non-Compliance with Banking Regulations

• The Reserve Bank of India (RBI) has taken a strict stance against non-compliance with its regulatory directives, resulting in penalties for Union Bank of India, RBL Bank, and Bajaj Finance. These entities have faced penalties for various violations of RBI’s regulatory guidelines.
• Union Bank of India has incurred a penalty of ₹1 crore for its failure to adhere to the regulatory guidelines on ‘Loans and Advances – Statutory and Other Restrictions.’
• RBL Bank has been fined ₹64 lakh for its non-compliance with RBI’s regulatory approval norms regarding the acquisition of shares or voting rights in private sector banks. Meanwhile, Pune-based Bajaj Finance also faces a penalty of ₹8.50 lakh for breaching regulatory norms concerning the reporting of specific fraud cases to the RBI.

Q10.How much did PMJDY add to the total balance in H1?

1. ₹10,000 Crore
2. ₹20,000 Crore
3. ₹30,000 Crore
4. ₹40,000 Crore

Ans:-3) ₹30,000 Crore

• The Pradhan Mantri Jan Dhan Yojana (PMJDY) has achieved remarkable success, benefiting over 50 crore individuals and witnessing a substantial surge in the overall account balance. The scheme’s effectiveness in promoting financial inclusion, especially in the post-Covid-19 era, is evident.
• In the first half of the current fiscal year, the cumulative balance in PMJDY accounts saw a notable rise, reaching ₹2.05 lakh crore as of October 4, 2023, with an increase of ₹30,000 crore. The number of beneficiaries has surged by over 3.5 crore in the past year, from 47 crore to 50.63 crore, indicating a consistent upward trajectory in new enrollments.
• Among these accounts, public sector banks manage 40 crore, with a collective balance of ₹1.60-lakh crore, while the remainder is held by regional rural banks, co-operative banks, and private sector banks. The integration of PMJDY with various government schemes and Direct Benefit Transfers (DBTs) further enhances its attractiveness among beneficiaries.

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Q1.Which corporation recently concluded a $69 billion purchase of Activision Blizzard?

1. Microsoft
2. Apple
3. Amazon
4. Google

Ans:-1)Microsoft

• Microsoft recently concluded a significant acquisition of Activision Blizzard for a staggering $69 billion. This acquisition marks a major move in the gaming industry.

Q2.What does the acquisition make Microsoft in the gaming industry on a global revenue basis?

1. The largest
2. The second largest
3. The third largest
4. The fourth largest

Ans:-1) The largest

• With the acquisition of Activision Blizzard, Microsoft becomes the largest player in the global gaming industry in terms of revenue.

Q3.Who has approved a ₹1,660.15 crore equity investment for a 50% stake in Indian Oil NTPC Green Energy?

1. NTPC
2. Indian Oil Corporation
3. Ministry of Finance
4. Reserve Bank of India

Ans:-2) Indian oil Corporation

• The Indian Oil Corporation has approved a ₹1,660.15 crore equity investment for a 50% stake in Indian Oil NTPC Green Energy.

Q4.Who has been nominated for the 2023 World Athlete of the Year award by World Athletics?

1. Usain Bolt
2. Simone Biles
3. Eliud Kipchoge
4. Rafael Nadal

Ans:-2) Simone Biles

• Simone Biles has been nominated for the 2023 World Athlete of the Year award by World Athletics. Her exceptional achievements in gymnastics have earned her this prestigious nomination.

Q5.Where is the 141st IOC session being held in Mumbai?

1. Grand Hyatt Mumbai
2. Taj Mahal Palace, Mumbai
3. Trident, Nariman Point
4. JW Marriott Mumbai Sahar

Ans:-4)JW Marriott Mumbai Sahar

• The 141st IOC session is being held at the JW Marriott Mumbai Sahar.

Q6.What is the estimated cost of the proposed Indigenous Aircraft Carrier (IAC)-II by the Indian Navy?

1. ₹40 crore
2. ₹400 crore
3. ₹4,000 crore
4. ₹40,000 crore

Ans:- 4)₹40,000 crore

• The estimated cost of the proposed Indigenous Aircraft Carrier (IAC)-II by the Indian Navy is ₹40,000 crore.

Q7.What was the percentage change in India’s goods exports in August 2023 compared to the previous year?

1. 5.23% increase
2. 5.23% decrease
3. 6.86% increase
4. 6.86% decrease

Ans:- 4)6.86% decrease

• India’s goods exports experienced a 6.86% decrease in August 2023 compared to the previous year.

Q8.What was the trade deficit recorded in August 2023?

1. $24.16 billion
2. $34.48 billion
3. $58.64 billion
4. $67.00 billion

Ans:- 2)$34.48 billion

• The trade deficit in August 2023 was $34.48 billion.

Q9.What was the total number of Foreign Tourist Arrivals (FTAs) in India for the year 2022?

1. 7.5 million
2. 10.2 million
3. 15.3 million
4. 20.8 million

Ans:- 2) 10.2 million

• In 2022, India welcomed 10.2 million Foreign Tourist Arrivals (FTAs), indicating a significant number of international visitors.

Q10.With which organization did the Indian Army collaborate to successfully install a mobile tower at Siachen Glacier?

1. BSNL
2. Jio
3. Airtel
4. Vodafone

Ans:-1)BSNL

• BSNL collaborated with the Indian Army to successfully install a mobile tower at the challenging terrain of Siachen Glacier, ensuring better communication facilities for personnel stationed there.

Current affairs coverage is not just about reporting facts, but also about providing analysis, background information, and context to help individuals understand the underlying causes, implications, and perspectives surrounding various events. By doing so, it empowers individuals to form more informed opinions and make sense of complex issues. Therefore, current affairs coverage is essential for staying updated and informed about what is happening in the world.

Q1.What is the focus of the IMI 5.0 campaign?

1. Tuberculosis eradication
2. Measles and Rubella vaccination
3. Malaria prevention
4. Polio eradication

Ans:-2)Measles and Rubella vaccination

• India’s Intensified Mission Indradhanush (IMI) 5.0, a significant immunization campaign initiated by the Health Ministry, is reaching its conclusion today. This campaign aims to ensure that children who may have missed vaccine doses or fallen behind their vaccination schedule, as well as pregnant women across the nation, are covered.
• IMI 5.0 represents a major effort to augment immunization coverage for all vaccines provided under the Universal Immunization Programme, adhering to the National Immunization Schedule. Unlike earlier phases, this year’s campaign encompassed all districts in the country and extended its coverage to include children up to five years of age, broadening the mission’s reach. Previous campaigns had primarily focused on children up to two years old.

Q2.Who unveiled the mascot ‘Juhi’ for the Women’s Asian Champions Trophy 2023?

1. CM Yogi Adityanath
2. CM Hemant Soren
3. PM Narendra Modi
4. CM Mamata Banerjee

Ans:-2) CM Hemant Soren

• In a lively ceremony held at Project Bhawan in Dhurva, Ranchi, Jharkhand, the Hon’ble Chief Minister of Jharkhand, Hemant Soren, revealed the mascot for the upcoming Women’s Asian Champions Trophy 2023. The mascot, named ‘Juhi,’ draws inspiration from the beloved elephant at Betla National Park.
• This event also signified the commencement of the Trophy Tour for the Jharkhand Women’s Asian Champions Trophy Ranchi 2023. Starting on October 13, 2023, the magnificent trophy will embark on a tour across all districts of the state. The Trophy Tour will culminate on October 25, 2023, with the trophy returning to Ranchi, paving the way for the tournament to kick off.
• The introduction of the mascot ‘Juhi’ and the launch of the Trophy Tour mark the exciting countdown to the Women’s Asian Champions Trophy Ranchi 2023. With a meaningful cultural emblem and the backing of esteemed dignitaries, the tournament promises to be a celebration of athleticism, heritage, and unity.

Q3.Who installed the first-ever mobile tower at Siachen Glacier?

1. BSNL
2. Indian Army
3. Reliance Jio
4. Airtel

Ans:-2)Indian Army

• The Indian Army’s Fire and Fury Corps, in collaboration with Bharat Sanchar Nigam Limited (BSNL), has achieved a significant milestone at the Siachen Glacier, the world’s highest battlefield. They successfully installed a mobile tower, bringing advanced mobile communication to soldiers stationed at elevations exceeding 15,500 feet.
• The dedicated team, known as the “Siachen Warriors,” partnered with BSNL to set up the inaugural BSNL Base Transceiver Station (BTS) at forward posts in the Siachen Glacier region. This strategic installation is poised to narrow the communication gap for soldiers operating in one of the planet’s most challenging terrains. The primary goal is to bolster the well-being of these valiant soldiers who safeguard the nation in this perilous environment.

Q4.Which is the youngest Naga Battalion to receive the President’s Colour?

1. 1 Naga Battalion
2. 2 Naga Battalion
3. 3 Naga Battalion
4. 4 Naga Battalion

Ans:- 3) 3 Naga Battalion

• In a historic ceremony held at the Kumaon Regimental Centre (KRC) in Ranikhet, the distinguished 3rd Battalion of the Naga Regiment, also known as 3 Naga, was conferred with the esteemed President’s Colour accolade.
• This significant recognition, represented by an honorary flag, was presented to the battalion by Army Chief Gen. Manoj Pande, signifying a remarkable milestone in the unit’s illustrious history.
• The award serves as a testament to their unswerving commitment, unwavering dedication, and acts of exceptional valor. It stands as a moment of immense pride not only for the battalion but also for the entire nation. Established on October 1, 2009, in Haldwani, amid the picturesque Kumaon Hills, the battalion holds a special place in the hearts of both the Kumaon and Naga regiments.

Q5.What was the impact on goods exports in August according to the statement?

1. They increased significantly.
2. They remained stable.
3. They decreased.
4. They had no impact on the outlook.

Ans:-3)They decreased.

• In August 2023, India witnessed a seventh consecutive month of declining goods exports, with a year-on-year drop of 6.86%, totaling $34.48 billion. Imports also saw a decrease of 5.23%, amounting to $58.64 billion, mainly due to reduced intake of petroleum, coal, coke, pearls, precious and semi-precious stones, and fertilizers.
• Despite this overall decline, half of the top thirty export items, including engineering, electronics, pharmaceuticals, and select agricultural products, demonstrated growth in August. This positive development has instilled a sense of optimism within the government regarding future prospects.

Q6.What is the subject of the proposals lined up for approval by DAC?

1.  Acquisition of Aircraft Carrier
2. Acquisition of LCA Mk1A Jets
3. Both A and B
4. None of the above

Ans:- 3)Both A and B

• The Defence Acquisition Council (DAC) is poised to evaluate two substantial proposals with a combined budget surpassing 1 lakh crore. These initiatives, originating from the Indian Navy and the Indian Air Force, outline ambitious plans to enhance the nation’s defense capabilities.
• The Navy is advocating for a duplicate order of the Indigenous Aircraft Carrier (IAC)-II, building on the success of the INS Vikrant. The projected cost for this carrier stands at approximately 40,000 crore.
• Simultaneously, the Indian Air Force is pursuing an acquisition of 97 additional Light Combat Aircraft (LCA)-MK1A fighters to reinforce its aerial prowess. This procurement is anticipated to amount to roughly 67,000 crore.

Q7.What is the name of the new service introduced by ICICI Bank?

1. IFund
2. IFinance
3. IMulti
4. IBanking

Ans:-2)IFinance

• ICICI Bank has recently unveiled ‘iFinance,’ a groundbreaking feature poised to revolutionize the way millions of customers, both retail clients and sole proprietors, oversee their finances.
• This innovative service enables customers to centralize their savings and current accounts from various banks into a single, easily accessible platform. The ‘iFinance’ feature is accessible through ICICI Bank’s digital channels, including the iMobile Pay app, Retail Internet Banking (RIB), Corporate Internet Banking (CIB), and InstaBIZ, the Bank’s mobile application tailored for businesses.
• By offering a unified perspective of customers’ finances across multiple banks and providing an array of robust functionalities, ICICI Bank is empowering users to assume command of their financial well-being like never before. This marks a significant stride towards simplifying banking, enhancing accessibility, and ultimately, delivering a more user-centric experience.

Q8.What is the name of the parcel delivery service introduced by Zomato?

1.  Z-Delivery
2. Xtreme
3. MerchanTrek
4. ParcelXpress

Ans:- 2) Xtreme

• Zomato, the prominent Indian food tech company, has launched a hyperlocal delivery service named ‘Xtreme‘. This innovative service aims to capitalize on Zomato’s extensive fleet of over 3 lakh two-wheeler delivery executives.
• Xtreme provides a versatile solution for businesses and individual users, enabling them to dispatch small parcels encompassing a wide range of products such as documents, medicines, food, groceries, apparel, cosmetics, and more. These parcels can weigh up to 10 kg, offering flexibility for various delivery requirements.
• Designed to serve the needs of both small and large businesses for intracity delivery of small packages, Xtreme has already been introduced in nearly 750-800 cities where Zomato currently facilitates food delivery. It is accessible through a dedicated app.

Q9.How much investment has the Indian Oil Corporation board approved for the NTPC Green Energy Joint Venture?

1. ₹660 Crore
2. ₹1,660 Crore
3. ₹16.60 Crore
4.  ₹166 Crore

Ans:-2)₹1,660 Crore

• The board of the Indian Oil Corporation has given its approval for an equity investment of ₹1,660.15 crore, securing a 50% stake in the joint venture company known as Indian Oil NTPC Green Energy. This strategic decision is in line with their dedication to advancing renewable energy ventures.
• This joint venture was established in June, bringing together the Indian Oil Corporation and NTPC Green Energy, a wholly-owned subsidiary of power producer NTPC. The partnership’s primary focus is on the development of renewable energy-based power projects, with a specific emphasis on solar PV and wind technologies.
• The sanctioned funds will be directed towards the establishment of cutting-edge renewable energy power plants. These plants are slated to play a vital role in fulfilling the continuous power demands of upcoming projects within IndianOil refineries.

Q10.What positions did Mumbai, Bengaluru, and New Delhi secure in the Knight Frank Index?

1. Mumbai – 19th, Bengaluru – 22nd, New Delhi – 25th
2. Mumbai – 22nd, Bengaluru – 25th, New Delhi – 19th
3. Mumbai – 25th, Bengaluru – 19th, New Delhi – 22nd
4. Mumbai – 19th, Bengaluru – 25th, New Delhi – 22nd

Ans:-1)Mumbai – 19th, Bengaluru – 22nd, New Delhi – 25th

• Knight Frank, the London-based property consultant, has recently released its Global Prime Residential Index, offering valuable insights into the performance of various cities worldwide in the residential real estate market.
• In a remarkable annual surge of six percent, Mumbai has soared an impressive 76 places to clinch the 19th position on the index, marking a substantial leap from its 95th position in 2022.
• Bengaluru, often referred to as India’s Silicon Valley, emerges as the second-highest ranked Indian city on the index. The city has made a remarkable jump from the 77th spot in 2022 to secure the 22nd position, showcasing its robust growth.
• New Delhi, the nation’s capital, has secured the 25th position on the Global Prime Residential Index. Chennai and Kolkata, two other major Indian cities, have been ranked 4th and 5th, respectively, among Indian cities, and globally stood at the 39th and 40th positions.

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Q1.Who made his first trip abroad since an ICC arrest warrant was issued against him?

1. Vladimir Putin
2. Xi Jinping
3. Joe Biden
4. Emmanuel Macron

Ans:- 1) Vladimir Putin

• In March, Russian President Vladimir Putin embarked on his inaugural foreign trip since the International Criminal Court (ICC) issued an arrest warrant against him, drawing global attention. The visit took place in Kyrgyzstan, a nation in Central Asia with deep historical ties to Moscow.
• During his meeting with Kyrgyz President Sadyr Japarov, Putin emphasized the paramount role of Russia as Kyrgyzstan’s leading trade partner and largest investor, reiterating their shared commitment to collaborative endeavors.
• As part of this visit, Putin took part in a ceremony commemorating the 20th anniversary of Russia’s Kant military airbase, strategically positioned just outside Bishkek. This base serves as a pivotal instrument for Moscow to exert influence in the region, underscoring Russia’s geopolitical interests in Central Asia.

Q2.Who is the Union Minister responsible for approving these bridge projects?

1. Nitin Gadkari
2. Rajnath Singh
3. Amit Shah
4. Narendra Modi

Ans 1)Nitin Gadkari

• Nitin Gadkari, the Union Minister for Road Transport & Highways, recently gave the green light to seven bridge projects in Arunachal Pradesh. These initiatives, falling under the Setu Bandhan scheme, collectively amount to Rs 118.5 crore.
• The implementation of these bridges is poised to revolutionize connectivity across the state, facilitating easier access to remote regions. This development is set to streamline the movement of both people and goods, ultimately catalyzing economic growth. The introduction of these bridges will notably enhance the efficiency of transporting agricultural produce and various other commodities, resulting in a substantial boost for local economies.
• These projects stand as a testament to the government’s unwavering commitment to enhancing the overall well-being of the people of Arunachal Pradesh. Improved connectivity translates to better accessibility to vital services such as healthcare and education, ultimately uplifting the quality of life in the region.

Q3.Which Indian state won an award for utilizing telecommunication technology in mental health and counseling?

1. Maharashtra
2. Uttar Pradesh
3. Karnataka
4. Tamil Nadu

Ans:-2) Uttar Pradesh

• On October 10th, Uttar Pradesh received the third prize for its exceptional implementation of Telemanas, a telecommunication-based mental health and counseling service.
• The accolade was bestowed by the Ministry of Health and Family Welfare, Government of India, and was accepted by Dr. Pinky Joval, the Mission Director of the National Health Mission in Uttar Pradesh.
• Launched on October 10, 2022, in conjunction with World Mental Health Day, the National Tele Mental Health Programme aimed to meet the pressing requirement for a digital mental health framework. This initiative ensures the availability of tele-mental health care services throughout the state, guaranteeing round-the-clock mental health support, even in the most remote areas.

Q4.When is the 54th International Film Festival of India scheduled to take place?

1. October 20 to 28
2. November 20 to 28
3. December 20 to 28
4. January 20 to 28

Ans:-2) November 20 to 28

• The 54th International Film Festival of India (IFFI), renowned for its global celebration of cinema, is slated to be held from November 20 to 28 in the picturesque coastal state of Goa.
• India has had the privilege of hosting 53 editions of the International Film Festival of India (IFFI) since its inception in 1952, encompassing both competitive and non-competitive segments. Commencing in 1975, the festival evolved into an annual extravaganza. The forthcoming 54th edition of the festival, featuring a competitive section for feature films directed by filmmakers from every continent, is eagerly anticipated in Goa.
• IFFI stands as an annual cultural extravaganza orchestrated by the Ministry of Information and Broadcasting, Government of India, in collaboration with the Entertainment Society of Goa, Government of Goa—the festival’s gracious host state. The mantle of its administration has transitioned to the National Film Development Corporation (NFDC) following the amalgamation of film media units.

Q5.Which city in India is poised to become the country’s first Wetland City?

1. Jaipur
2. Udaipur
3. Kolkata
4. Chennai

Ans:- 2) Udaipur

• The Rajasthan government, in collaboration with the Environment and Forest Department, is taking dedicated steps to raise Udaipur, famously known as the ‘City of Lakes,’ to international acclaim with the goal of becoming India’s inaugural wetland city.
• Udaipur, renowned for its breathtaking natural allure and ecological significance, is on track to meet all the criteria set forth by the Ramsar Convention. Spanning an expanse of 37 square kilometers, the city is adorned by five major lakes – Pichola, Fateh Sagar, Rang Sagar, Swaroop Sagar, and Doodh Talai.
• The Ramsar Convention, formally recognized as the Ramsar Convention on Wetlands of International Importance Especially as Waterfowl Habitat, stands as a global accord crafted to safeguard and sustainably manage wetlands of international significance.

Q6.What is set to become a prominent tourist destination in Visakhapatnam, often referred to as ‘Miniature Eastern Ghats’?

1. A newly constructed theme park
2. An upcoming wildlife sanctuary
3. A scenic area resembling the Eastern Ghats
4. A historical monument

Ans:- 3)A scenic area resembling the Eastern Ghats

• The ‘Miniature Eastern Ghats’ (MEG) forest arena, slated to emerge as a prominent tourist hotspot in Visakhapatnam starting from November 2023, promises visitors an immersive experience in a breathtaking mountainous setting.
• More than just a forest, the ‘Miniature Eastern Ghats’ serves as a tribute to the distinctive flora that graces the Eastern Ghats. Within this forest arena, a diverse range of medicinal plants thrives, effectively transforming it into a living apothecary. Additionally, it features an astrology-themed garden, showcasing 27 plant varieties associated with the zodiac signs.
• The Miniature Eastern Ghats stands as a comprehensive showcase of the Eastern Ghats’ rich biodiversity. The project, which incurred an expenditure of approximately ₹2.5 crore, was made possible through contributions from various government and private entities as part of their corporate social responsibility (CSR) endeavors.

Q7.What was the retail inflation rate in September?

1. 6.83%
2. 5%
3. 5.83%
4. 6%

Ans:- 2)5%

• In September, India witnessed a noteworthy decline in retail inflation, signaling a significant departure from the elevated levels observed over the past 15 months. This reduction, primarily attributed to a softening in vegetable prices, resulted in the Consumer Price Index (CPI) reaching a three-month low.
• While high vegetable prices had been a driver of inflation in August and preceding months, September saw a notable decrease in food inflation, dropping from 9.94% in August to 6.56%. Similarly, cereal inflation decreased from 11.85% in August to 10.95% in September.
• However, despite this overall decline, certain components experienced price hikes, including cereals (which saw an 11% increase), pulses (which witnessed a 16% rise), and spices (with prices increasing by 23%).

Q8.Which sector contributed significantly to this surge in industrial output?

1. Agriculture
2. Manufacturing
3.  Services
4.  Construction

Ans:- 2)Manufacturing

• In August, the Ministry of Statistics and Programme Implementation released data revealing a notable upsurge in India’s industrial output. The Index of Industrial Production (IIP) exhibited a remarkable growth rate of 10.3 percent, marking the highest in 14 months. This figure exceeded the consensus estimate of 9.1 percent, indicating a resilient performance by the sector.
• In comparison to July, where initial reports suggested an industrial growth of 5.7 percent, later revised to 6.0 percent, the growth in August represents a substantial improvement. Notably, in August 2022, the industrial sector had faced a decline of -0.7 percent, underscoring the significant progress within a year.
• While the current performance is commendable, experts anticipate a gradual moderation in industrial activity in the upcoming months, even though it will remain robust. Some categories of goods may experience a temporary surge in September and November due to shifts in the festival calendar, which could potentially influence the figures for October.

Q9.How much is the penalty imposed by RBI on Paytm Payments Bank?

1. ₹4.5 Crore
2. ₹5.4 Crore
3. ₹6.2 Crore
4. ₹3.8 Crore

Ans:- 2)₹5.4 Crore

• The Reserve Bank of India (RBI) has imposed a noteworthy penalty of ₹5.39 crore on Paytm Payments Bank, citing several instances of non-compliance with the RBI’s directives. These penalties were attributed to lapses in adhering to specific provisions, including Know Your Customer (KYC) protocols, cybersecurity measures, and other regulatory requirements. Furthermore, Paytm failed to implement adequate controls related to ‘SMS delivery receipt check.’ Additionally, its V-CIP infrastructure did not effectively prevent connections from IP addresses outside of India, potentially posing security risks.

Q10.What status has been granted to RITES Ltd?

1. Maharatna
2.  Navratna
3. Mini Ratna
4. Bharat Ratna

Ans:- 2) Navratna

• RITES Ltd, a prominent Central Public Sector Enterprise (CPSE) operating under the Ministry of Railways, has attained the esteemed ‘Navratna’ status, making it the 16th CPSE in India to be bestowed with this honor. RITES Ltd is recognized for its pivotal role in offering consultancy services for transport infrastructure, railway inspection, rolling stock leasing and maintenance, along with various related services. This designation as a Navratna acknowledges its significant contribution to the nation’s progress and development.
• To attain the Navratna status, a Public Sector Undertaking (PSU) must also fulfill specific financial criteria, which include:

– Maintaining a net profit of over Rs 5,000 crore for three consecutive years.
– Sustaining an average annual turnover of Rs 25,000 crore for three years.
– Maintaining an average annual net worth surpassing Rs 15,000 crore for three years.

Current affairs coverage sheds light on social, political, economic, and environmental issues that may not receive widespread attention. By highlighting these topics, it raises awareness among individuals and promotes a sense of social responsibility and civic engagement.

Q1.Where did India and China conduct their 20th round of military talks?

1. New Delhi
2. Ladakh
3. Beijing
4. Mumbai

Ans:-2)Ladakh

• At the Chushul-Moldo border in Ladakh, India and China convened their 20th corps commander-level meeting. The diplomatic deliberations centered on the ongoing challenges along the Line of Actual Control (LAC) in eastern Ladakh.
• Led by Corps Commanders from both sides, the talks sought to cultivate a conducive environment for constructive dialogue, with the goal of achieving a timely and mutually agreeable resolution. Although a definitive breakthrough was not reached during these discussions, they underscored the dedication of both nations to pursue peaceful avenues of dialogue and negotiation.

Q2.Which country is conducting Operation Ajay?

1. Israel
2. India
3. United States
4. United Kingdom

Ans:-1)Israel

• India has initiated Operation Ajay, a specialized effort aimed at ensuring the secure repatriation of its citizens from Israel amidst the evolving situation in the region. Dr. S Jaishankar, the External Affairs Minister, made this announcement, underscoring the government’s unwavering commitment to the safety and welfare of Indian nationals overseas.
• To facilitate the return of Indian citizens from Israel, special charter flights and logistical arrangements are being put into motion. The Indian Embassy in Israel has established contact with registered Indian citizens, commencing with the first group, for their inclusion in the special flight. Subsequent flights will be organized, and communication will be extended accordingly.

Q3.What is the purpose of ‘Mera Yuva Bharat’ Autonomous Body?

1. Promoting environmental conservation
2. Enhancing youth development
3. Supporting elderly citizens
4. Fostering cultural exchange

Ans:-2) Enhancing youth development

• Under the leadership of Prime Minister Shri Narendra Modi, the Union Cabinet has given the green light for the establishment of an autonomous entity named “Mera Yuva Bharat” (MY Bharat).
• MY Bharat is dedicated to ensuring equal opportunities for young individuals to pursue their aspirations and actively contribute to the comprehensive development of the nation across various government domains. It is envisaged as a pivotal force in driving youth development, with a strong focus on technology-driven solutions.
• Aligned with the National Youth Policy, this initiative targets individuals aged between 15-29, including specific programs tailored for those aged 10-19. The official launch of Mera Yuva Bharat (MY Bharat) is scheduled for October 31, 2023, coinciding with National Unity Day.

Q4.Who launched the Intelligent Grievance Monitoring System (IGMS) 2.0 and Automated Analysis in Tree Dashboard?

1. Prime Minister Narendra Modi
2. Dr. Jitendra Singh
3. Finance Minister Nirmala Sitharaman
4. Home Minister Amit Shah

Ans:-2)Dr. Jitendra Singh

• On September 29, 2023, Dr. Jitendra Singh, the Minister of State for Personnel, Public Grievances, and Pensions, launched the Special Campaign 3.0 within the Department of Administrative Reforms and Public Grievances (DARPG).
• This campaign, titled “Digital DARPG,” is designed to elevate service delivery, harness emerging technologies, and streamline administrative processes within government offices.
• As part of the “Digital DARPG” initiative, DARPG has adopted a comprehensive approach towards creating unified service delivery portals. In collaboration with 27 Senior Officials, including Right to Service Commissioners from States/UTs, DARPG has identified 164 services for nationwide e-service delivery, in addition to the existing 56 mandatory e-services.

Q5.What is the growth forecast for Pakistan according to the IMF?

1. 1.8%
2. 2.0%
3. 2.5%
4. 3.0%

Ans:-3)2.5%

• The International Monetary Fund (IMF) has opted to maintain its economic growth projection for Pakistan at 2.5%. This figure aligns with the IMF’s previous assessment and corresponds with official estimates, albeit falling short of the official target by 1%.
• Comparatively, among global financial institutions, the IMF’s forecast of 2.5% growth stands as the highest. In contrast, the World Bank has projected a 1.7% growth rate, the Asian Development Bank foresees 1.9%, and the State Bank of Pakistan (SBP) expects growth to hover around 2%.
• According to the IMF’s report, Pakistan’s economic growth may potentially escalate to 5% by the year 2028, although this forecast remains subject to adjustments due to rapid economic developments within the country.

Q6. Which company is set to acquire French insurer AXA’s 49% stake in Bharti AXA Life Insurance Co.?

1. Bharti AXA Life Insurance Co.
2.  Bharti Group
3. French Insurer AXA
4. None of the above

Ans:-1)Bharti AXA Life Insurance Co.

• The Bharti Group has revealed its plan to acquire French insurer AXA’s 49% stake in Bharti AXA Life Insurance Co., a venture that has been jointly operated for nearly two decades.
• This acquisition, executed through Bharti Group’s Bharti Life Ventures division, is anticipated to be finalized by December this year, pending regulatory approvals.
• With this development, Bharti Group is poised to enhance its competitive edge in a market that ranks ninth globally, according to the latest annual report by the insurance regulatory body. This move positions Bharti Group to vie more effectively with established players such as HDFC Life Insurance, ICICI Prudential Life Insurance, SBI Life Insurance, and LIC.

Q7.Which bank is planning to raise 10,000 crore rupees to fund affordable housing and infrastructure?

1. HDFC Bank
2. State Bank of India (SBI)
3. Bank of Baroda (BOB)
4. ICICI Bank

Ans:- Bank of Baroda (BOB)

• On October 11, the Board of Directors at Bank of Baroda approved a plan to raise up to Rs 10,000 crore through long-term bonds. These funds are earmarked for bolstering infrastructure development and supporting affordable housing initiatives.
• As stated by the bank, this fundraising endeavor may be executed in one or more installments over the fiscal year 2023-24 and beyond, contingent upon the requirements.
• Bank of Baroda disclosed a noteworthy 17 percent year-on-year (YoY) surge in total advances, reaching Rs 10.3 lakh crore, with domestic advances registering a 16.6 percent YoY increase. The international book also experienced a substantial 21 percent YoY rise (6.4 percent quarter-on-quarter).

Q8.Who launched the book “The Book Of Life: My Dance With Buddha For Success”?

1. Chetan Bhagat
2. Arundhati Roy
3. Vivek Agnihotri
4. Shashi Tharoor

Ans:-3)Vivek Agnihotri

• In Lucknow, Vivek Agnihotri, renowned for directing “The Kashmir Files,” introduced his latest book titled “The Book of Life: My Dance with Buddha for Success.” Additionally, in 2023, he helmed the medical drama film ‘The Vaccine War.’
• The book that inspired the film, authored by Balram Bhargava, is titled ‘Going Viral – Making of Covaxin: The Inside Story.’ It chronicles Bhargava’s personal experiences.
• This innovative book endeavor marks a transformative chapter in the world of literature, providing a platform for the innate creativity within each of us to flourish. To establish a direct link between himself and readers, Vivek Ranjan Agnihotri has integrated this book with the Internet.

Q9.Who smashed India’s fastest century in the World Cup?

1.  Virat Kohli
2. Sachin Tendulkar
3. Rohit Sharma
4. MS Dhoni

Ans:- 3)Rohit Sharma

• India’s captain, Rohit Sharma, displayed a stellar performance by smashing his 31st ODI century, setting India on a path towards a commanding victory against Afghanistan in the World Cup 2023 match held at Delhi’s Arun Jaitley Stadium.
• Rohit Sharma achieved this feat by completing his century in just 63 balls, establishing a new record for the fastest century by an Indian in World Cup history. This milestone was previously held by Kapil Dev, who achieved it in 72 balls against Zimbabwe back in 1983. Rohit, leading the Indian team, surpassed Kapil Dev’s achievement by an impressive nine balls, ultimately guiding India to a resounding 8-wicket victory in their pursuit of 273 runs.
• In the course of his innings, Rohit notched up two more significant milestones. First, he crossed the 1000-run mark in World Cup matches, joining the ranks of Tendulkar, Virat Kohli, and Sourav Ganguly as the only Indians to achieve this landmark. Additionally, he sent three balls sailing over the boundary ropes, securing his position as the leading six-hitter in international cricket, surpassing the legendary Chris Gayle, also known as the ‘Universe Boss’.

Q10.In which month is the 11th Sultan of Johor Cup scheduled to take place?

1. October 2023
2. November 2023
3. December 2023
4. January 2024

Ans:- 2) November 2023

• The 11th edition of the Sultan of Johor Cup is set to take place in Johor, Malaysia, from October 27 to November 4, 2023. This year’s tournament will be particularly special as it will feature eight teams, an expansion from the usual six.
• India finds itself in Pool B for this year’s Sultan of Johor Cup, where they will contend with formidable opponents like Malaysia, Pakistan, and New Zealand. On the other hand, Pool A will comprise Germany, Australia, South Africa, and Great Britain.
• Beyond being a competitive event, the Sultan of Johor Cup serves as a crucial platform for gauging the competition. Six of the participating nations in this tournament will later compete in the FIH Hockey Men’s Junior World Cup 2023. Additionally, it offers players a valuable opportunity to acclimate to the climatic conditions expected in Kuala Lumpur in December, where the World Cup will be held.

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Q1.Who inaugurated the 26th Energy Technology Meet at Bharat Mandapam?

1. Prime Minister
2. Finance Minister
3. Petroleum Minister
4. Energy Minister

Ans:-3)Petroleum Minister

• In the distinguished presence of eminent dignitaries, Shri Hardeep Singh Puri, the Hon’ble Minister of Petroleum & Natural Gas and Housing and Urban Affairs, officially opened the 26th Energy Technology Meet at Bharat Mandapam, New Delhi.
• Emphasizing India’s burgeoning energy requirements, Minister Puri highlighted:
• – India presently ranks as the world’s third-largest consumer of oil.
  – It stands as the third-largest consumer of LPG.
  – It holds the position of being the fourth-largest importer of LNG.
  – India stands as the fourth-largest refiner.
  – It is also the fourth-largest automotive market globally.
• Additionally, Shri Hardeep Singh Puri announced India’s surpassing of its biofuel blending targets. Moreover, the ambitious goal of achieving a 20 percent biofuel blending rate, originally slated for 2030, has been expedited to 2025.

Q2.What is notable about the project unveiled by Sheikh Hasina?

1. It is the largest infrastructure project in Bangladesh.
2. It is the first project built with Chinese aid in Bangladesh.
3. It is a cultural heritage site.
4. It is a renewable energy project

Ans:-2)It is the first project built with Chinese aid in Bangladesh.

• Prime Minister of Bangladesh, Sheikh Hasina, achieved a significant milestone in the nation’s infrastructure advancement with the formal inauguration of the 82-kilometer Padma Bridge Rail Link. The ceremony was held at Mawa Railway Station in Munshiganj.
• Distinguished as the most extensive infrastructure undertaking in Bangladesh, the Padma Bridge Rail Link project was funded through preferential loans from China’s Exim Bank, amounting to a substantial Tk 21,036.70 crore. This monumental venture is anticipated to directly impact the lives of 80 million individuals and potentially elevate Bangladesh’s economic growth by 1.5%.

Q3.Which department launched the ‘A-HELP’ programme in Jharkhand?

1. Department of Agriculture
2. Department of Animal Husbandry and Dairying
3. Department of Education
4. Department of Health

Ans:-3)Department of Animal Husbandry and Dairying

• In a significant move, the Government of India’s Department of Animal Husbandry and Dairying has introduced the ‘A-HELP’ (Accredited Agent for Health and Extension of Livestock Production) program in Jharkhand. This innovative initiative focuses on empowering women by enlisting them as Accredited Agents, enabling them to play a crucial role in disease management, animal identification, and livestock insurance.

Q4.What is the significance of the Economic Corridor Project in Assam?

1. It aims to boost the state’s economic growth and connectivity.
2. It is focused on cultural preservation and heritage restoration.
3. It is a project for environmental conservation.
4. It is primarily for healthcare infrastructure.

Ans:-1)It aims to boost the state’s economic growth and connectivity.

• The Assam cabinet has announced an ambitious initiative to construct a 1000-km long economic corridor, with a substantial investment of Rs 3000 crore allocated for the project. This decision represents a significant stride towards regional progress.
• State Minister Jayanta Malla Baruah conveyed to the media that the state cabinet has given its initial approval for the project under the Asom Mala Scheme, underscoring the government’s dedication to this extensive infrastructure undertaking.

Q5.What is the name of the app and portal launched in Uttarakhand?

1. SelfEmploy Uttarakhand
2. Uttarakhand Employment Boost
3. Swavalamban Uttarakhand
4. Uttarakhand Self-Employment Portal

Ans:-4)Uttarakhand Self-Employment Portal

• The Uttarakhand state government has taken a commendable stride in empowering its youth with the introduction of the ‘Yuva Uttarakhand mobile application.’ This app is designed to furnish the state’s unemployed youth with crucial information on self-employment opportunities.
• In conjunction with the ‘Yuva Uttarakhand mobile application,’ the Chief Minister also inaugurated the ‘Prayag portal.’ This platform is exclusively dedicated to disseminating job-related information and serves as a comprehensive hub for the youth in search of employment opportunities within the state.

Q6.By what percentage did India’s net direct tax collections surge?

1. 10.5%
2. 15.2%
3. 21.8%
4.  30.5%

Ans:-3)21.8%

• India has experienced a remarkable surge in its net direct tax collections, recording a substantial growth of 21.8%, totaling ₹9.57 lakh crore as of October 9.
• This surge has exceeded half of the annual Budget estimates, signaling a robust fiscal performance. The driving forces behind this boost include a notable 32.5% increase in personal income tax revenues and a commendable 12.4% rise in corporate taxes.
• The surge in personal income tax collections, up by 32.5%, underscores the significant contribution of individual taxpayers to the country’s tax revenue. Meanwhile, the 12.4% increase in corporate taxes has played a pivotal role in this impressive tax collection upswing.

Q7.What is the revised GDP growth forecast for India in FY24 according to the IMF?

1.  5.5%
2. 6.0%
3. 6.3%
4. 6.8%

Ans:-3)6.3%

• In its October 2023 World Economic Outlook (WEO) report, the International Monetary Fund (IMF) revised India’s economic growth forecast for the fiscal year 2023-24 upwards. The growth estimate was raised from 6.1% to 6.3% primarily due to robust consumption levels observed from April to June. The report also emphasized India’s resilient domestic economic activity, which stands in contrast to prevailing global economic trends.
• Furthermore, the IMF anticipated retail inflation in India to escalate to 5.5% in fiscal 2023-24, before gradually subsiding to 4.6% in 2024-25. This projection aligns with the inflation target set by the Reserve Bank of India (RBI) for the medium term.

Q8.What action did RBI instruct Bank of Baroda to take regarding new customer onboarding?

1. Speed up the onboarding process
2. Halt new customer onboarding on its mobile app
3. Expand its customer base
4. Introduce new features in the mobile app

Ans:-2)Halt new customer onboarding on its mobile app

• In response to supervisory concerns, the Reserve Bank of India (RBI) has directed Bank of Baroda (BoB) to promptly cease the onboarding of new customers onto their mobile application, ‘bob World’.
• This directive from the RBI emphasizes the existence of significant supervisory concerns that have surfaced during the customer onboarding process of ‘bob World’, the mobile app offered by Bank of Baroda. These concerns have prompted the RBI to step in and ensure the rectification of these identified issues.

Q9.What is the purpose of the partnership between Bridgestone and Tata Power?

1. Installation of solar panels
2. Installation of EV chargers for four-wheelers
3. Development of electric cars
4. Establishment of charging stations for bicycles

Ans:-2)Installation of EV chargers for four-wheelers

• Bridgestone India, a leading tyre manufacturer, has forged a significant partnership with Tata Power aimed at advancing electric mobility in the country. Within the framework of this collaboration, Tata Power will set up high-capacity DC fast chargers at Bridgestone dealerships nationwide. This initiative aims to streamline the recharging process for electric vehicle (EV) owners, providing them with a swift and convenient solution.
• Tata Power is set to deploy DC fast chargers with a capacity of 25/30 KWh, capable of fully charging a four-wheeler within an hour. This rapid charging capability ensures efficient utilization of the chargers, potentially accommodating 20-24 vehicles in a single day. The chargers will be in operation 24×7, ensuring uninterrupted accessibility for EV owners.

Q10.Who has been elected as the Chairman of the Association of Mutual Funds in India (AMFI)?

1. Ramesh Chandra
2. Navneet Munot
3. Priya Gupta
4.  Anil Kumar

Ans:-2)Navneet Munot

• During a recent Board meeting, Navneet Munot, the Managing Director and CEO of HDFC Asset Management, was elected as the Chairman of the Association of Mutual Funds in India (AMFI). Munot, a distinguished Chartered Accountant and CFA charter holder, brings with him over thirty years of expertise in the financial services domain. He will take over from A Balasubramanian, Managing Director of Aditya Birla Sun Life Asset Management Company, who is concluding two consecutive terms in October.

Current affairs coverage often showcases stories of individuals and communities making a positive impact. By highlighting these stories, it inspires individuals to take action, get involved in social causes, and contribute to positive change.

Q1.India and Switzerland recently celebrated how many years of friendship?

1. 25 years
2. 50 years
3. 75 years
4. 100 years

Ans:-3)75 years

• India and Switzerland recently commemorated their 75-year-long enduring friendship and fruitful collaboration in the picturesque Kumaon village nestled in the Uttarakhand region of India. The three-day celebration, fittingly named ‘Swiss Himalayan Bounty,’ took place last week at a delightful homestay in Satoli village, situated at an altitude of 6,000 feet near Mukteshwar in the Nainital district.
• Robert Graf, the head of SHA (Swiss Himalayan Amity), expounded on the organization’s comprehensive approach to uplift the hill communities of Uttarakhand. He underscored their endeavors to promote the use of smokeless ‘chulhas’ (stoves) in the region, addressing both health and environmental concerns.

Q2. India and Tanzania are set to sign how many agreements with the aim of achieving a USD 10 billion trade target?

1. 5
2. 10
3. 15
4. 20

Ans:-3)15

• During Tanzanian President Samia Suluhu Hassan’s visit to India, the two nations are poised to strengthen their bilateral cooperation after an eight-year hiatus. The visit aims to elevate their relations to a strategic partnership and enhance trade and investment ties.
• Tanzanian Foreign Minister January Yusuf Makamba anticipates the signing of 15 agreements spanning government-to-government and private sector collaborations. There is also potential for an announcement regarding the extension of an Indian-assisted water project in Tanzania, alongside India’s substantial contribution of USD 1 billion for water projects in the country.
• President Hassan will address a business forum in New Delhi, with the objective of forging new deals and partnerships between Tanzanian and Indian companies. The ultimate goal is to boost trade volumes and expand bilateral trade to USD 10 billion within the next three years.

Q3.What action has Israel taken regarding Gaza?

1. Imposed a total siege
2. Offered humanitarian aid
3. Opened diplomatic talks
4. Provided military support

Ans:-1)Imposed a total siege

• In a sudden escalation, Hamas initiated an offensive, prompting Israeli airstrikes on Gaza. The conflict has resulted in numerous casualties, with over 570 reported wounded or killed. The situation has led to the displacement of more than 123,000 individuals in Gaza.
• Following Hamas’ offensive, Israel implemented a comprehensive siege on the Gaza Strip, including a cutoff of water supply. Israeli Prime Minister Benjamin Netanyahu pledged a forceful response, indicating potential destruction of Hamas facilities. The siege has significantly affected 2.3 million people, depriving them of essentials like electricity, food, water, and gas.

Q4.What is the landmark achievement in Hyderabad?

1. India’s first Solar Cycling Track
2. World’s tallest building
3. Longest river bridge
4. Largest cricket stadium

Ans:-1)India’s first Solar Cycling Track

• Hyderabad, India, celebrated the inauguration of its inaugural solar roof cycling track, Healthway. This eco-conscious initiative was officially launched by K Tarakarama Rao, the state’s Municipal Administration and Urban Development Minister.
• The objective of Healthway is to promote cycling as a mode of transportation, all while integrating principles of sustainability and technological advancement. It’s noteworthy that Healthway is only the second project of its kind worldwide, underlining Hyderabad’s dedication to adopting inventive and sustainable approaches to urban mobility.

Q5.What is the capacity of the solar PV project secured by NLC India Ltd in Rajasthan?

By presenting different viewpoints, current affairs coverage encourages critical thinking. It prompts individuals to evaluate information, consider multiple perspectives, and form their own opinions. This fosters active engagement and participation in discussions and debates.

Q1.On which date will India observe Good Manufacturing Practice Day?

1. 10th October
2. 1st November 
3. 15th September
4. 25th December

Ans:-1)10 October

• In partnership with the Indian Drugs Manufacturers’ Association (IDMA), the Indian government is poised to commemorate the inaugural National Current Good Manufacturing Practice Day (cGMP Day) on October 10th. This endeavor seeks to highlight the significance of upholding cGMP guidelines in pharmaceutical production, with a specific emphasis on enhancing product quality and safeguarding patient well-being.

Q2.Where was the world’s second-largest Hindu temple outside India inaugurated?

1. UK 
2. USA 
3. Canada 
4. Australia

Ans:-2)USA

• On October 8, 2023, the Swaminarayan Akshardham temple in Robbinsville Township, New Jersey, was inaugurated under the guidance of its spiritual leader, Mahant Swami Maharaj.
• With dimensions measuring an impressive 255ft x 345ft x 191ft, the Akshardham temple in New Jersey holds the distinction of being the second-largest temple worldwide, surpassed only by Cambodia’s Angkor Wat.
• This temple is the third Akshardham, signifying the ‘abode of the divine,’ constructed by the organization. The two preceding temples are located in New Delhi and Gujarat, where BAPS is headquartered.

Q3.What did President Biden order US ships and warplanes to do in relation to Israel?

1. Move farther away from Israel 
2. Move closer to Israel 
3. Remain stationed at their current positions 
4. Conduct joint exercises with Israeli forces

Ans:-2)Move closer to Israel

• In response to a recent assault by the Palestinian extremist group Hamas, President Joe Biden has swiftly shown solidarity with Israel. Given the U.S.’s pivotal role in supplying arms to Israel, it is dispatching military reinforcements and assistance to enhance Israel’s defense capabilities.
• The Pentagon’s decision to deploy the aircraft carrier USS Gerald R. Ford along with accompanying warships to the eastern Mediterranean is aimed at fortifying fighter aircraft squadrons in the region, ultimately bolstering Israel’s defense.
• The swift delivery of additional equipment and resources, including munitions, to the Israel Defense Forces serves to underscore the steadfast support of the United States for Israel and its people.

Q4.What new system has been introduced in the Indian Navy?

1. 360 Degree Appraisal System 
2. Naval Excellence Evaluation Program 
3. Maritime Performance Assessment 
4. Comprehensive Naval Evaluation

Ans:-1)360 Degree Appraisal System

• In a stride towards excellence and ongoing advancement, the Indian Navy has initiated a transformative measure termed the ‘360 Degree Appraisal Mechanism.’ This forward-looking endeavor acknowledges the invaluable contributions of both male and female personnel in the service and seeks to amplify their growth on both professional and personal fronts.
• The ‘360 Degree Appraisal Mechanism’ encompasses a methodical survey procedure that encompasses feedback from diverse sources, including peers and subordinates, in addition to the customary assessments by senior officers.

Q5.How much is the total worth of the 70 schemes concluded under EP-4 by the Indian Army?

1. 1000 Crore 
2. 5000 Crore 
3. 8000 Crore 
4. 11000 Crore

Ans:-4)11000 Crore

• The Emergency Procurement Power (EP) was instated in the aftermath of the 2016 Uri attacks as a provisional measure for India’s armed forces. This authority enabled them to expedite the acquisition of vital equipment and technology by bypassing the protracted procurement process.
• The extension of EP encompassed all three branches of the military: the Army, Navy, and Air Force. In the case of the Army, it played a pivotal role in securing various equipment and technologies through approximately 140 schemes distributed across four phases (EP-I to IV).
• Initially introduced in 2016 after the Uri attack, the EP facilitated the swift procurement of essential items, permitting services to independently enter contracts worth up to Rs 300 crore each. It was reintroduced in 2020 during heightened tensions along the India-China border, primarily aimed at reinforcing security along the northern frontiers.

Q6.On what anniversary did the Indian Air Force unveil its new ensign?

1. 90th 
2. 91st 
3. 92nd 
4. 95th

Ans:-2)91st

• On the occasion of its 91st anniversary, the Indian Air Force (IAF) commemorated the event at the Bamrauli Air Force Station in Prayagraj, Uttar Pradesh. Air Chief Marshal V.R. Chaudhari unveiled the new IAF ensign during this significant celebration.
• This milestone event witnessed several historic firsts, including the incorporation of the Air Force crest and the inaugural appointment of a woman officer to lead the Air Force Day Parade. Group Captain Shaliza Dhami etched her name in history as the first woman officer to assume command of the Air Force Day Parade.
• A notable highlight of the celebration was the introduction of the new IAF ensign. The prominent change is the inclusion of the Air Force crest, now positioned at the top right corner of the ensign, towards the fly side. This symbolic addition reaffirms the IAF’s unwavering dedication to its distinctive identity and rich heritage.

Q7.What did the GST Council do to boost foreign trade?

1. Imposed new tariffs 
2. Cleared a few measures 
3. Reduced export quotas 
4. Increased import taxes

Ans:-2)Cleared a few measures

• During the 52nd GST Council meeting, chaired by Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman, a range of significant decisions and recommendations were addressed concerning alterations in GST tax rates, trade facilitation measures, and compliance streamlining.
• For food preparations made from millet flour, there has been an adjustment in GST rates. When sold in loose form, it will incur a 0% GST rate, and when sold pre-packaged, it will be subject to a 5% GST rate. Imitation zari threads produced from metallized polyester or plastic film will now carry a 5% GST rate.
• Foreign going vessels transitioning to coastal runs will be liable for 5% IGST. Conditional IGST exemption is suggested for these vessels, given they revert to being foreign going vessels within six months. The GST rate on molasses will witness a reduction from 28% to 5%.

Q8.Which bank became the first lender to offer the ‘ONDC Network Gift Card’?

1. HDFC Bank 
2. Axis Bank 
3. YES Bank 
4. ICICI Bank

Ans:-3) YES Bank

• YES Bank, a prominent player in the Indian financial landscape, has taken a significant stride in the digital commerce arena by introducing the ONDC Network Gift Card. This pioneering move positions YES Bank as the first in the country to issue such a card. In collaboration with the Open Network for Digital Commerce (ONDC), this endeavor is poised to revolutionize the shopping experience for Indian consumers.
• The ONDC Network Gift Card stands at the vanguard of democratizing digital commerce. Unlike conventional gift cards that confine usage to a particular brand or store, this innovative concept empowers customers to utilize the gift card for purchasing products from any brand and any seller across a diverse spectrum of segments.

Q9.What is the new gold loan limit set by RBI for Urban Cooperative Banks (UCBs)?

1.₹1 Lakh

2.₹2 Lakh

3.₹3 Lakh

4.₹4 Lakh

Ans:-4)₹4 Lakh

• The Reserve Bank of India (RBI) has made a significant announcement pertaining to gold loans extended by urban cooperative banks (UCBs). They have opted to double the lending limits for gold loans under a specific repayment scheme.
• Under a scheme known as “bullet repayment,” RBI has decided to raise the existing limit for gold loans from Rs 2 lakh to Rs 4 lakh for urban cooperative banks. This alteration applies to UCBs that have met specific lending targets within the Priority Sector.
• In a bullet repayment scheme, borrowers are relieved of the obligation to repay the loan during its tenure. They are only required to settle the interest and principal amount at the conclusion of the loan term.

Q10.India recently entered into a collaboration with which country for Green Hydrogen?

1. United States 
2. Saudi Arabia 
3. Germany 
4. Australia

Ans:-2)Saudi Arabia

• India and Saudi Arabia have inked a Memorandum of Understanding (MoU) aimed at establishing a green hydrogen supply chain and fostering collaboration on power grid interconnection. This significant accord was formalized in Riyadh during the MENA Climate Week 2023, with India being represented by Union Minister for Power and New & Renewable Energy, RK Singh, and Saudi Arabia by its Minister of Energy, Abdulaziz bin Salman Al-Saud.
• To fully harness the potential of energy sector cooperation, both nations have agreed to conduct Business-to-Business (B2B) Business Summits and engage in regular interactions. These initiatives are poised to lay the foundation for comprehensive supply and value chains across various domains of energy collaboration.