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December 2, 2023 Current Affairs

1. What stake percentage has the Reserve Bank of India (RBI) approved for SBI Mutual Fund (SBI MF) to acquire in Karur Vysya Bank Ltd (KVB)?

A.    9.99%

B.    10.5%

C.    8.5%

D.    12.0%

Answer: Option A

Explanation:

the RBI has approved a stake percentage of 9.99% for SBI Mutual Fund's acquisition of Karur Vysya Bank Ltd. This decision sets the stage for a new chapter in the financial landscape, with potential implications for both entities involved. As the acquisition unfolds, it will be fascinating to witness the synergies, collaborative efforts, and growth opportunities that arise from this partnership.



 

 



2. Who recently assumed the position of Director General (Inspection and Safety) [DG (I&S)] at Air HQ New Delhi?

A.    Air Marshal Sanjeev Kapoor

B.    Air Marshal Rakesh Kumar Singh Bhadauria

C.    Air Marshal Makarand Ranade

D.    Air Marshal RK Dhir

Answer: Option C

Explanation:

 The appointment of Air Marshal Makarand Ranade as Director General (Inspection and Safety) at Air HQ New Delhi marks an important milestone in the Indian Air Force's journey. With his distinguished career, leadership qualities, and expertise, Air Marshal Ranade is well-equipped to guide the force towards a safer and more efficient future. His appointment reinforces the Indian Air Force's commitment to upholding the highest standards of inspection and safety.



 

 



3. As of the first seven months of the financial year 2023-24, what percentage of India's fiscal deficit has been reached in relation to the annual target?

A.    25%

B.    35%

C.    45%

D.    55%

Answer: Option C

Explanation:

As of the first seven months of the financial year 2023-24, India's fiscal deficit has reached 45% of the annual target. This milestone signifies the need for a thorough evaluation of expenditure and revenue patterns to maintain fiscal discipline and sustainable economic growth. By closely monitoring the fiscal deficit and adopting prudent financial management practices, India can navigate the challenges ahead and work towards a stronger and more resilient economy.



 

 



4. What is the purpose of Amplifi 2.0, launched by India's Ministry of Housing and Urban Affairs?

A.    To promote cultural events in urban areas

B.    To centralize city data for informed urban policy-making and development

C.    To enhance agricultural practices in rural areas

D.    To facilitate international trade partnerships

Answer: Option B

Explanation:

Amplifi 2.0, launched by India's Ministry of Housing and Urban Affairs, is an ambitious endeavor aimed at centralizing city data for informed urban policy-making and development. By harnessing the power of technology and engaging stakeholders, Amplifi 2.0 has the potential to revolutionize the way cities are planned and managed. With its data-driven approach, the initiative empowers decision-makers, researchers, and citizens alike to shape the future of urban areas in India, paving the way for smarter, more sustainable, and inclusive cities.



 

 



5. Who recently received the PRSI National Award for Outstanding Contributions to the Public Relations Society of India (PRSI) and the public relations industry?

A.    Prathap C. Reddy

B.    Sriram Iyer

C.    Suneeta Reddy

D.    Suganthy Sundararaj

Answer: Option D

Explanation:

Suganthy Sundararaj's recent recognition by the PRSI serves as a testament to her remarkable contributions to the organization and the public relations industry as a whole. From her early beginnings to her pioneering initiatives, Sundararaj has consistently pushed boundaries, advocated for ethical communication, and nurtured aspiring professionals. Her impact will continue to resonate, shaping the future of public relations in India and beyond.



 

 



6. Who was honoured with the prestigious 'Légion d’Honneur' for significant contributions to space cooperation between France and India?

A.    Thierry Mathou

B.    K. Sivan

C.    VR Lalithambika

D.    Mylswamy Annadurai

Answer: Option C

Explanation:

The recognition of VR Lalithambika with the esteemed 'Légion d'Honneur' highlights the immense value of her contributions to space cooperation between France and India. Her unwavering dedication, leadership, and relentless pursuit of excellence have significantly strengthened the ties between CNES and ISRO. As we celebrate her remarkable achievements, let us acknowledge the profound impact she has made in advancing scientific knowledge, fostering innovation, and inspiring generations to explore the mysteries of the universe. VR Lalithambika's legacy will continue to shape the future of space cooperation, leaving an indelible mark on the world of space exploration.



 

 



7. When is Nagaland celebrating its 61st Statehood Day?

A.    December 1, 2023

B.    November 30, 2023

C.    December 2, 2023

D.    November 29, 2023

Answer: Option A

Explanation:

Nagaland's 61st Statehood Day, to be celebrated on December 1, 2023, is a date that holds immense significance for the state and its people. It marks the culmination of six decades of progress, unity, and cultural heritage. As the day approaches, let us all join hands in celebrating Nagaland's vibrant spirit and wishing the state continued prosperity and growth in the years to come.


 



8. Which pavilion received the prestigious gold medal for "Excellence in Display" in the State Pavilion category at IITF-2023?

A.    Delhi Pavilion

B.    Maharashtra Pavilion

C.    Gujarat Pavilion

D.    Odisha Pavilion

Answer: Option D

Explanation:

The Odisha Pavilion's gold medal win for "Excellence in Display" at the IITF-2023 was well-deserved. Its captivating design, artistic brilliance, celebration of culture, and showcase of natural beauty left a lasting impression on visitors. The pavilion stood as a testament to the rich heritage and progressive mindset of Odisha, making it a must-visit destination for those seeking a true glimpse into the wonders of this remarkable state.


 



9. Which organization has been honoured with the SKOCH Gold Award 2023 for its excellence in the power sector?

A.    Ministry of Power

B.    Power Grid Corporation of India Limited

C.    Reliance Power

D.    Tata Power

Answer: Option B

Explanation:

The SKOCH Gold Award 2023 for excellence in the power sector has rightfully been bestowed upon Power Grid Corporation of India Limited. Their remarkable infrastructure, commitment to innovation, and unwavering focus on delivering reliable power supply have set new benchmarks in the industry. This accolade not only recognizes their achievements but also serves as an inspiration for others in the power sector to strive for excellence.



 

 



10. What is the main reason behind Foxconn's $1.5 billion investment in India?

A.    To support Apple's expansion in the Indian market

B.    To strengthen its presence in China

C.    To diversify its manufacturing beyond China

D.    To compete with technological rivals in India

Answer: Option C

Explanation:

Foxconn's $1.5 billion investment in India is primarily driven by the objective of diversifying its manufacturing beyond China. By capitalizing on India's potential market, leveraging favorable government initiatives, and mitigating supply chain risks, Foxconn aims to strengthen its global presence and secure its position as a leading player in the technology manufacturing sector. As the Indian market continues to thrive, this strategic move by Foxconn sets the stage for a promising future in the ever-evolving landscape of technology and manufacturing.


 


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