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October 23, 2023 Current Affairs

1. What is the recommended global wealth tax on billionaires to curb evasion, according to the European Union Tax Observatory's 'Global Tax Evasion Report 2024'?

A.   1%

B.   2%

C.   3%

D.   5%

Answer: Option B

Explanation:

the European Union Tax Observatory's 'Global Tax Evasion Report 2024' recommends a 2% global wealth tax on billionaires to combat the pervasive issue of tax evasion. This proposed measure not only addresses wealth inequality but also ensures that billionaires contribute their fair share to society. By implementing this tax, governments can take a significant step towards fairer wealth distribution and a more just economic system.



 


2. How much money has the government allocated to expand the Pradhan Mantri Fasal Bima Yojana?

A.   ₹20,000 crore

B.   ₹30,000 crore

C.   ₹40,000 crore

D.   ₹50,000 crore

Answer: Option B

Explanation:

The expansion of the Pradhan Mantri Fasal Bima Yojana with an allocation of ₹30,000 crore marks a significant milestone in the journey towards empowering Indian farmers. This transformative initiative will not only strengthen the financial resilience of farmers but also promote sustainable agricultural practices. By broadening the scope and coverage of the PMFBY, the government has demonstrated its unwavering commitment to the welfare of farmers and the growth of the agricultural sector as a whole. With this expansion, we can expect to witness a more resilient and prosperous farming community in the years to come.



 


3. Who received the "Award for Global Leadership" from Harvard Law School?

A.   Ashok Vaswani

B.   DY Chandrachud

C.   Uday Kotak

D.   Shanti Ekambaram

Answer: Option B

Explanation:

Chief Justice DY Chandrachud's receipt of the "Award for Global Leadership" from Harvard Law School is a well-deserved recognition of his immense contributions to the field of law and justice. Through his exceptional career, commitment to marginalized groups, and transformative impact on the Indian judicial system, he exemplifies true leadership in the pursuit of justice. Chief Justice DY Chandrachud serves as an inspiration to aspiring legal professionals and a guiding light for a more equitable and just society.



 

4. Who is the next Managing Director and Chief Executive Officer of Kotak Mahindra Bank?

A.   Ashok Vaswani

B.   Dipak Gupta

C.   Uday Kotak

D.   Shanti Ekambaram

Answer: Option A

Explanation:

the appointment of Ashok Vaswani as the next Managing Director and Chief Executive Officer of Kotak Mahindra Bank marks an exciting chapter in the bank's journey. With his extensive experience, proven leadership abilities, and a clear vision for the future, Vaswani is poised to lead Kotak Mahindra Bank towards continued success. The banking industry will undoubtedly be watching closely as he takes the reins and steers the institution to new heights.



 


5. The US imposed sanctions on three Chinese firms for allegedly supplying missile components to which country?

A.   India

B.   China

C.   Pakistan

D.   Bangladesh

Answer: Option C

Explanation:

the United States' decision to impose sanctions on the three Chinese firms accused of supplying missile components to Pakistan highlights the complex dynamics of arms proliferation in today's world. The allegations and subsequent actions have far-reaching implications, not only for the US-China relationship but also for regional security and international efforts to curb the spread of missile technology. It remains to be seen how this situation will unfold and what steps will be taken to address the concerns raised by these sanctions.



 


6. Who is the fastest player to reach 2000 runs in ODIs?

A.   Shubman Gill

B.   Hashim Amla

C.   Suryakumar Yadav

D.   Devon Conway

Answer: Option A

Explanation:

Shubman Gill's journey to becoming the fastest player to reach 2000 runs in ODIs is a testament to his immense talent and hard work. His rise as a young cricketer has been nothing short of phenomenal, and his contributions to the Indian cricket team are invaluable. As Gill continues to evolve and showcase his skills on the international stage, cricket fans around the world eagerly await his future milestones and achievements.



 


7. Which country will host the world's largest textile event in 2024?

A.   China

B.   United States

C.   India

D.   Bangladesh

Answer: Option C

Explanation:

Bharat Tex 2024 is set to be an extraordinary event, positioning India as a global hub for textiles and showcasing the country's rich heritage and innovative spirit. With its grand scale and diverse range of exhibitors, this event will undoubtedly leave a lasting impact on the textile industry. As the countdown begins, industry professionals, enthusiasts, and visitors from around the world eagerly await the arrival of Bharat Tex 2024 in New Delhi.



 


8. Who launched Project 'Udbhav', an initiative by the Indian Army to blend ancient wisdom with modern military methods for tackling current security challenges?

A.   Narendra Modi

B.   Rajnath Singh

C.   General Manoj Pande

D.   Giridhar Aramane

Answer: Option B

Explanation:

Project 'Udbhav' heralds a new era in the Indian Army's pursuit of innovative solutions to contemporary security challenges. By blending ancient wisdom with modern military methods, this initiative showcases the commitment to adaptability and continuous learning. As Defence Minister Rajnath Singh rightly acknowledges the power of ancient texts in shaping the present, Project 'Udbhav' stands as a testament to the fusion of tradition and innovation in the quest for a safer future.


 



9. Who was appointed as the Chairman and Managing Director (CMD) of the Indian Railway Catering and Tourism Corporation (IRCTC)?

A.   Sanjay Kumar Jain

B.   Mahendra Pratap Maal

C.   Ashwani Lohani

D.   V K Yadav

Answer: Option A

Explanation:

the appointment of Sanjay Kumar Jain as the Chairman and Managing Director of IRCTC marks a new chapter for this esteemed organization. His rich experience, dedication, and leadership skills make him a suitable candidate for this vital role. We can expect positive changes and a renewed focus on customer satisfaction and operational excellence under his guidance. As Jain takes on this responsibility, let us wish him success in his endeavors and look forward to witnessing the continued growth and success of IRCTC under his leadership.



 


10. Which bank introduced the GO Savings Account, a subscription-based digital banking model offering high interest rates of up to 7.5% per annum?

A.   HDFC Bank

B.   ICICI Bank

C.   State Bank of India

D.   RBL Bank

Answer: Option D

Explanation:

RBL Bank's GO Savings Account has disrupted the traditional banking model with its subscription-based approach and high interest rates. By offering customers a range of value-added services and prioritizing convenience and security, it has become a compelling option for individuals seeking a modern and rewarding banking experience. With this innovative product, RBL Bank is setting new standards in the digital banking landscape.


 



11. Which is the hottest place in India?

A.   Sri Ganganagar

B.   Jaisalmer

C.   Churu

D.   Bikaner

Answer: Option A

Explanation:

Sri Ganganagar undeniably holds the title of the hottest place in India. Its scorching temperatures, geographical location, and cultural resilience make it a captivating destination to explore. Whether you are a weather enthusiast or simply curious about India's diverse climates, Sri Ganganagar offers a unique experience that showcases the power of nature and human adaptability.



 


12. Who are the flag bearers for India at the 2023 Asian Para Games opening ceremony?

A.   Parul Parmar and Amit Saroha

B.   Harmanpreet Singh and Lovlina Borgohain

C.   Deepak Malik and Devendra Jhajharia

D.   Mariyappan Thangavelu and Varun Singh Bhati

Answer: Option A

Explanation:

Parul Parmar and Amit Saroha will proudly wave the Indian flag at the opening ceremony of the 2023 Asian Para Games. They are true role models, showcasing the power of determination, skill, and passion in overcoming challenges. As they lead the Indian contingent, let us cheer for them and celebrate the indomitable spirit of para athletes. The 2023 Asian Para Games are bound to be a remarkable showcase of talent, and Parmar and Saroha will undoubtedly shine as flag bearers.


 



13. Which Indian bowler became the first Indian bowler to pick two five-wicket hauls in ICC ODI World Cups?

A.   Jasprit Bumrah

B.   Ravindra Jadeja

C.   Mohammed Siraj

D.   Mohammed Shami

Answer: Option D

Explanation:

Mohammed Shami's extraordinary performance in the 2023 ICC Men's Cricket World Cup will forever be etched in the memories of cricket enthusiasts worldwide. His dual five-wicket hauls not only secured a crucial victory for India but also marked a significant milestone in his career. Shami's exceptional skill, determination, and ability to deliver under pressure make him a true champion. As the first Indian bowler to achieve this feat, Shami has left an indelible mark on the history of ICC ODI World Cups.



 


14. How much Non-Basmati White Rice has the Indian government approved for export?

A.   1 million tonnes

B.   1.2 million tonnes

C.   1.34 million tonnes

D.   1.56 million tonnes

Answer: Option C

Explanation:

the Indian government's approval to export 1.34 million tonnes of Non-Basmati White Rice marks a significant milestone in the country's agricultural trade. This decision not only strengthens India's position as a key player in the global rice market but also showcases its commitment to meeting international demands. With proper management and strategic measures, this export approval has the potential to bring prosperity to both Indian farmers and the nation as a whole.



 


15. Which bank launched the XpressWay digital platform for swift loans?

A.   State Bank of India

B.   ICICI Bank

C.   HDFC Bank

D.   Axis Bank

Answer: Option C

Explanation:

HDFC Bank's XpressWay digital platform has emerged as a game-changer in the world of banking, especially when it comes to swift loans. By combining seamless technology, a wide range of banking products, and a simplified application process, HDFC Bank has successfully transformed the way customers obtain loans. XpressWay truly exemplifies the bank's commitment to providing a rapid and hassle-free banking experience.


 



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