October 30, 2023 Current Affairs

1. Which country is providing financial assistance to India's "Hunger Project" in Uttarakhand?

A.   Norway

B.   Sweden

C.   Denmark

D.   Finland

Answer: Option A

Explanation:

Norway's financial assistance to India's "Hunger Project" in Uttarakhand marks a significant step towards addressing food security and environmental protection. Through empowering women leaders, strengthening food security measures, and safeguarding the environment, this initiative strives to create a sustainable and resilient future for marginalized households. By collaborating internationally and focusing on the unique challenges of Uttarakhand, Norway and India are paving the way for transformative change in the region.

2. To what amount did the RBI increase the bulk deposit limit for Regional Rural Banks (RRBs) in 2023?

A.   Rs 15 lakh

B.   Rs 1 Crore

C.   Rs 2 Crore

D.   Rs 5 Crore

Answer: Option B

Explanation:

The revised bulk deposit limit for Regional Rural Banks (RRBs) by the Reserve Bank of India (RBI) marks a significant step towards fostering an inclusive and robust banking landscape. By increasing the limit from Rs 15 lakh to Rs 1 crore, RRBs are better positioned to manage liquidity, diversify funding sources, and enhance competitiveness. Moreover, this change has broader implications for the banking sector and financial inclusion, promoting stability, customer participation, and access to banking services in rural areas. While challenges may arise, the potential benefits and success stories already emerging indicate a positive outlook for RRBs in the wake of this policy revision.

3. Which small finance bank is Fincare Small Finance Bank set to merge with in 2024?

A.   AU Small Finance Bank

B.   Bandhan Bank

C.   Ujjivan Small Finance Bank

D.   Equitas Small Finance Bank

Answer: Option A

Explanation:

The merger between Fincare Small Finance Bank and AU Small Finance Bank marks a significant milestone in the banking industry. It has the potential to reshape the landscape of small finance banks and create new opportunities for growth and innovation. As we eagerly await the necessary approvals and endorsements, the future appears promising for this union, promising enhanced services and value for customers.

4. By what percentage did the number of active MGNREGS workers decline in April-September 2023 compared to the previous fiscal year?

A.   5%

B.   6.5%

C.   7%

D.   7.5%

Answer: Option D

Explanation:

the data indicates a significant decline of 7.5% in active MGNREGS workers from April to September 2023 compared to the previous fiscal year. This decline raises important questions about the program's efficacy and impact on rural employment. Understanding the reasons behind this shift is crucial for policymakers, activists, and stakeholders to address the challenges effectively and ensure the sustained success of the MGNREGS scheme in promoting livelihoods and inclusive growth in rural India.

5. Which of the following countries is/are not recognized by the United Nations?

A.   Sealand

B.   Christiania

C.   Crimea

D.   All of the these

Answer: Option D

Explanation:

Although Sealand, Christiania, and Crimea are unique and captivating in their own ways, they share the commonality of not being recognized as independent countries by the United Nations. Legal, political, and historical factors have contributed to their lack of international recognition. These unconventional territories continue to raise questions about sovereignty, self-determination, and the complexities of nationhood in our ever-changing world.

6. Where will the 7th edition of Joint Military 'Exercise KAZIND-2023' be held?

A.   India

B.   Kazakhstan

C.   Denmark

D.   Zimbabwe

Answer: Option B

Explanation:

The 7th edition of the Joint Military Exercise KAZIND-2023 in Otar, Kazakhstan marks a significant milestone in the journey of bilateral cooperation between India and Kazakhstan. Through this exercise, the participating personnel from the Indian Army and Indian Air Force will not only enhance their skills but also strengthen the bonds of friendship and understanding. It is a testament to the shared commitment of both nations towards fostering peace, stability, and security in the region.

7. Which company acquired Reliance Naval and Engineering in 2023?

A.   Tata Group

B.   Larsen & Toubro

C.   Mazagon Dock Shipbuilders Limited

D.   Swan Energy

Answer: Option D

Explanation:

The acquisition of Reliance Naval and Engineering by Swan Energy marks a significant milestone in India's shipbuilding industry. With Swan Energy's financial backing and Reliance Naval and Engineering's expertise, the combined entity is well-positioned for success. This strategic move not only strengthens Swan Energy's presence in the market but also contributes to the Atmanirbhar Bharat initiative, promoting self-reliance and indigenous growth in the shipbuilding sector.

8. Which company is the official sponsor of the 37th National Games in 2023?

A.   Google Pay

B.   PhonePe

C.   Paytm

D.   Amazon Pay

Answer: Option C

Explanation:

Paytm's selection as the official sponsor of the 37th National Games in 2023 is a significant milestone for both the company and Indian sports. This partnership highlights the importance of corporate support in fostering the growth of sports and showcases Paytm's commitment to the development of the sporting landscape in the country. As the Games approach, we eagerly anticipate witnessing the impact of this collaboration and the success it brings to all involved.

9. When is World Stroke Day celebrated every year?

A.   October 29

B.   October 30

C.   October 31

D.   November 1

Answer: Option A

Explanation:

World Stroke Day serves as a global platform to raise awareness, educate communities, and promote prevention efforts in the face of this debilitating condition. By understanding the signs, risk factors, and adopting preventive measures, we can collectively work towards reducing the burden of strokes and improving the lives of those affected. Together, we are indeed greater than stroke.

10. Who received the 2023 USISPF Global Leadership Award for Philanthropy and Corporate Social Responsibility?

A.   John Chambers

B.   Mukesh Ambani

C.   Nita Ambani

D.   Mukesh Aghi

Answer: Option C

Explanation:

Nita Ambani's exceptional dedication to philanthropy and corporate social responsibility has made an indelible impact on countless lives. Through Reliance Foundation, she has exemplified the spirit of compassion, innovation, and sustainable development. As the recipient of the 2023 USISPF Global Leadership Award for Philanthropy and Corporate Social Responsibility, Nita Ambani's contributions continue to inspire and set a remarkable example for others to follow.