December 31, 2023 Current Affairs

1. Which country did India make payments in rupees for crude oil purchases, signalling a move to promote the global use of its currency?

A.   Russia

B.   Saudi Arabia

C.   Iran

D.   UAE

Answer: Option D

Explanation:

The dissolution of Pakistan's parliament, initiated by the Prime Minister and executed by the President, marks a critical turning point in the nation's political landscape. With a national election on the horizon, Pakistan finds itself at a crossroads, facing intricate challenges both politically and economically. The journey towards stability and progress will undoubtedly be arduous, but it is essential for the future of the country.

2. In which Indian state is the foundation laid for capacity development at the North Eastern Institute of Ayurveda and Folk Medicine Research (NEIAFMR)?

A.   Arunachal Pradesh

B.   Assam

C.   Sikkim

D.   Manipur

Answer: Option A

Explanation:

the foundation for capacity development at NEIAFMR, including the establishment of the new center for traditional Tibetan medicine, finds its roots in the enchanting state of Arunachal Pradesh. This state's commitment to preserving and promoting traditional healing practices showcases its pivotal role in shaping the future of Ayurveda and Folk Medicine. As NEIAFMR continues to thrive, guided by the spirit of Arunachal Pradesh, it paves the way for a harmonious blend of ancient wisdom and modern advancements in the field of traditional medicine.

3. Which company recently achieved full ownership of Meenakshi Energy, following the National Company Law Tribunal's approval for the acquisition?

A.   Tata Group

B.   Reliance Industries

C.   Vedanta

D.   Adani Group

Answer: Option C

Explanation:

Vedanta's achievement of full ownership of Meenakshi Energy marks a significant milestone for both entities. Anil Agarwal's leadership, coupled with the support of the National Company Law Tribunal, has paved the way for this remarkable accomplishment. As Vedanta sets its sights on the future, the successful integration of Meenakshi Energy promises to unlock new opportunities, drive growth, and contribute to the overall development of the energy sector. The acquisition stands as a testament to Vedanta's strategic vision and commitment to driving value for its stakeholders.

4. Which Indian state has embraced drone technology for applications such as land mapping, crime control, and agriculture enhancement?

A.   Haryana

B.   Punjab

C.   Rajasthan

D.   Uttar Pradesh

Answer: Option A

Explanation:

In this era of rapid technological advancements, Haryana has embraced drone technology with open arms, recognizing its potential for land mapping, crime control, and agriculture enhancement. With the establishment of DRIISHYA, the state has taken significant strides towards harnessing the capabilities of drones, revolutionizing various sectors. As Haryana continues to lead the way in embracing this cutting-edge technology, the future holds endless possibilities for further innovation and progress.

5. In which Indian state has the government entrusted NEEPCO with five hydropower projects in the Siang Basin, leading to a partnership with RITES for logistical infrastructure?

A.   Manipur

B.   Meghalaya

C.   Arunachal Pradesh

D.   Nagaland

Answer: Option C

Explanation:

The partnership between NEEPCO and the Arunachal Pradesh government for hydropower projects in the Siang Basin, supported by RITES, marks a crucial milestone in the state's journey towards sustainable energy generation. The development of these projects, coupled with strengthened logistical infrastructure, will not only bolster Arunachal Pradesh's energy sector but also contribute to the overall socio-economic growth of the state. With renewable energy taking center stage, Arunachal Pradesh is poised to become a shining example of clean and green power generation in India.

6. Which Indian state is the focus of the $100 million project by the central government and ADB aimed at revitalizing tourism and upgrading urban services?

A.   Assam

B.   Odisha

C.   Manipur

D.   Tripura

Answer: Option D

Explanation:

The central government and ADB's $100 million project dedicated to revitalizing tourism and upgrading urban services in Tripura is a game-changer for the state. With a focus on strengthening urban water systems, upgrading roads, enhancing key skills, and upgrading tourist sites, Tripura is set to witness a remarkable transformation. This project will not only boost tourism but also improve the quality of life for the residents of Tripura. As the state prepares to embrace a brighter future, the project's impact is poised to be truly transformative.

7. Which organization secured a work order of Rs 678 crore from the Uttar Pradesh Government for the UP Dial 112 project?

A.   HAL (Hindustan Aeronautics Limited)

B.   BEL (Bharat Electronics Limited)

C.   ECIL (Electronics Corporation of India Limited)

D.   BHEL (Bharat Heavy Electricals Limited)

Answer: Option B

Explanation:

Bharat Electronics Limited's successful bid for the UP Dial 112 project showcases the organization's prowess in delivering high-tech solutions for critical national initiatives. By securing the Rs 678 crore work order, BEL has reaffirmed its commitment to innovation, safety, and efficiency. The implementation of advanced hardware, AI-based software, and cybersecurity solutions will undoubtedly revolutionize emergency response services in Uttar Pradesh, setting new benchmarks for other states to follow.

8. Which Indian state is the focus of the draft notification by the Union Ministry of Environment and Forests, declaring an eco-sensitive zone around the Pong Dam Wildlife Sanctuary?

A.   Uttarakhand

B.   Rajasthan

C.   Himachal Pradesh

D.   Jharkhand

Answer: Option C

Explanation:

The draft notification for an eco-sensitive zone around Pong Dam Wildlife Sanctuary in Himachal Pradesh marks a significant step towards preserving the region's natural heritage. By creating a buffer around the sanctuary, it aims to safeguard the diverse flora and fauna while promoting sustainable development. However, the success of this initiative lies in effective implementation and active participation of all stakeholders. Let us unite in our commitment to protect and cherish the ecological treasures that Himachal Pradesh has been blessed with.

9. Which city hosted the conclusion of the 8th Indian Ocean Naval Symposium (IONS) Conclave of Chiefs?

A.   New Delhi

B.   Mumbai

C.   Bangkok

D.   Colombo

Answer: Option C

Explanation:

The conclusion of the 8th Indian Ocean Naval Symposium (IONS) Conclave of Chiefs in Bangkok marked a significant moment for regional maritime cooperation. As Thailand takes over as the IONS Chair, we can expect continued efforts to strengthen partnerships and address emerging security concerns. This gathering serves as a testament to the shared commitment of participating nations towards ensuring a safe and prosperous Indian Ocean region.

10. In which Indian state did projects worth Rs 415 crore get inaugurated, with an emphasis on building a drug-free state by 2025?

A.   Himachal Pradesh

B.   Uttarakhand

C.   Jharkhand

D.   Chhattisgarh

Answer: Option B

Explanation:

The inauguration of projects worth Rs 415 crore in Uttarakhand marks a significant milestone in the journey towards building a drug-free state. By focusing on prevention, rehabilitation, and community engagement, Uttarakhand is paving the way for a brighter future. The recognition of women's self-help groups further highlights the importance of inclusivity and empowerment in achieving this goal. With continued dedication and collaborative efforts, Uttarakhand is on track to realize its vision of a drug-free state by 2025.

11. Which category of banks does the RBI classify SBI, HDFC Bank, and ICICI Bank as?

A.   Domestically Significant Investment Banks (D-SIBs)

B.   Domestic Systemically Important Banks (D-SIBs)

C.   Domestically Secured Investment Banks (D-SIBs)

D.   Domestically Stable Investment Banks (D-SIBs)

Answer: Option B

Explanation:

The Reserve Bank of India classifies the State Bank of India (SBI), HDFC Bank, and ICICI Bank as Domestic Systemically Important Banks (D-SIBs). This classification highlights the pivotal role these banks play in maintaining the stability and resilience of the Indian financial system. As D-SIBs, they are subject to enhanced regulatory requirements and supervision, ensuring their continued soundness. Recognizing the significance of these banks is crucial in comprehending the dynamics of the Indian banking landscape and the efforts undertaken to safeguard its stability.