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September 1, 2023 Current Affairs

1. What percentage of the annual target for the fiscal year 2023-24 did India's fiscal deficit reach in the first four months?

A.    33.9%

B.    25.5%

C.    41.2%

D.    18.6%

Answer: Option (A)

Explanation:

Monitoring India's fiscal deficit is crucial for understanding the country's economic trajectory and financial stability. In the first four months of FY 2023-24, India achieved a fiscal deficit of 33.9% of the annual target. This figure highlights the need for continued fiscal discipline and strategic financial management to meet the set targets and ensure a sustainable economic future.

 



 

 


2. Who is the first woman to be appointed Chairperson of the Railway Board?

A.    Anjuli Jain

B.    Jaya Verma Sinha

C.    Sushma Sharma

D.    Archana Joshi

Answer: Option (B)

Explanation:

Jaya Verma Sinha's appointment as the first woman Chairperson of the Railway Board marks a momentous occasion in the history of Indian Railways. Her remarkable journey, expertise in railway operations, and unwavering commitment to customer service have not only shattered glass ceilings but have also propelled the railways towards a brighter future. Sinha's visionary leadership and dedication serve as an inspiration to aspiring individuals, highlighting the immense potential for growth and progress in the railway sector.



 

 



3. Which state in the North Eastern Region has become the first to initiate Aadhaar Linked Birth Registration for children aged 0 to 5 years?

A.    Assam

B.    Meghalaya

C.    Manipur

D.    Nagaland

Answer: Option (D)

Explanation:

Nagaland's trailblazing initiative in initiating Aadhaar Linked Birth Registration for children aged 0 to 5 years sets a commendable example for the entire North Eastern Region. This forward-thinking approach ensures accurate record-keeping, efficient service delivery, and better planning for child-centric programs. As other states follow suit, the region as a whole moves towards a brighter future, where every child's identity is safeguarded right from the day of their birth.

 


 


4. Which media outlet secured the media rights for broadcasting India's domestic cricket matches and BCCI-hosted tournaments in a 5-year deal worth Rs 5,963 crore?

A.    Zee

B.    Sony

C.    Star Sports

D.    Viacom 18

Answer: Option (D)

Explanation:

The 5-year media rights deal secured by Viacom 18 for broadcasting India's domestic cricket matches and BCCI-hosted tournaments marks a significant milestone in the world of cricket broadcasting. With their substantial investment and expertise, Viacom 18 is poised to revolutionize the viewing experience for fans and unlock new commercial opportunities. As cricket enthusiasts eagerly await the commencement of this exciting journey, all eyes will be on Viacom 18 to witness how they shape the future of cricket broadcasting in India.



 

 



5. What was India's GDP growth rate in the April-June quarter of 2023-24?

A.    6.1%

B.    7.8%

C.    8.6%

D.    9.1%

Answer: Option (B)

Explanation:

India's GDP growth rate in the April-June quarter of 2023-24 stood at an impressive 7.8%. This remarkable performance underscores the resilience and potential of the Indian economy. Through strategic policies, industry revival, and various growth-driving factors, India continues to showcase its strength as a global economic powerhouse. As we move forward, it is crucial to sustain this momentum and ensure inclusive growth for the benefit of all citizens.

 


 


6. Who is the 2023 Ramon Magsaysay Awardee from India for his work in improving cancer care in rural India?

A.    Dr. Ramesh Patel

B.    Dr. Sanjay Sharma

C.    Dr. Ravi Kannan R

D.    Dr. Meera Kumar

Answer: Option (C)

Explanation:

Dr. Ravi Kannan R. is a true champion of cancer care in rural India. Through his unwavering dedication and innovative approach, he has transformed the lives of countless individuals battling this devastating disease. The 2023 Ramon Magsaysay Award is a testament to his exceptional contributions and serves as an inspiration for others to follow in his footsteps. Dr. Ravi Kannan R.'s legacy will continue to shine brightly, reminding us all of the power of compassion, determination, and the profound impact one person can make in the world.

 



 

7. What is the capacity of India's largest domestically constructed nuclear power plant in Kakrapar, Gujarat?

A.    500 MW

B.    700 MW

C.    800 MW

D.    600 MW

Answer: Option (B)

Explanation:

 The Kakrapar Nuclear Power Plant in Gujarat boasts a capacity of 700 MW, making it the largest domestically constructed nuclear facility in India. Its operational status at full capacity signifies a significant milestone in the country's energy landscape. As India continues to prioritize sustainable energy sources, this remarkable facility plays a pivotal role in powering the nation's progress.



 

 



8. Which public sector bank has launched a mobile app to enable MSMEs to access instant loans using GST invoices?

A.    State Bank of India (SBI)

B.    Bank of Baroda (BoB)

C.    Punjab National Bank (PNB)

D.    Indian Bank

Answer: Option (C)

Explanation:

The launch of the PNB GST Sahay App by Punjab National Bank is a game-changer for MSMEs seeking instant loans. By leveraging the power of GST invoices and embracing digital technology, PNB has not only simplified the loan approval process but also empowered countless small businesses. This initiative showcases PNB's commitment to fostering the growth of the MSME sector and driving economic progress. With the PNB GST Sahay App, MSMEs now have a powerful tool in their hands to access timely financial support and propel their businesses to new heights.



 

 



9. What was the year-on-year growth rate of the All-India House Price Index (HPI) in Q1FY24?

A.    3.4%

B.    4.5%

C.    5.1%

D.    6.7%

Answer: Option (C)

Explanation:

 The year-on-year growth rate of the All-India House Price Index in Q1FY24 was 5.1%, marking a notable increase from the previous year. This growth signifies a positive trend in the housing market, reflecting increased demand and value appreciation. Whether you are a buyer or a seller, staying informed about such market indicators can empower you to make informed decisions and seize the opportunities presented by the growing housing market.

 


 


10. Which airline has the CCI cleared to merge with Tata SIA Airlines?

A.    AirAsia India

B.    Air India

C.    Go First

D.    IndiGo

Answer: Option (B)

Explanation:

The clearance of Tata SIA Airlines and Air India merger by the CCI sets the stage for a transformative step in the Indian aviation industry. The merger approval opens up avenues for increased competition, improved services, and enhanced customer experiences. As the merger progresses towards its completion, it will be fascinating to observe how this alliance reshapes the Indian airline market and benefits both the airlines and the passengers they serve.



 

 



11. Who has been welcomed as the brand ambassador of Swaraj Tractors by industrialist Anand Mahindra?

A.    Rohit Sharma

B.    Virat Kohli

C.    MS Dhoni

D.    Sachin Tendulkar

Answer: Option (C)

Explanation:

The appointment of Mahendra Singh Dhoni as the brand ambassador of Swaraj Tractors marks an exciting chapter in the journey of both the legendary cricketer and the esteemed agricultural brand. This collaboration not only highlights the synergy between sports and agriculture but also showcases the mutual respect for hard work, dedication, and excellence. With Dhoni's influential presence, Swaraj Tractors is poised to reach new heights and continue its mission of empowering farmers and transforming the agricultural landscape.


 



12. Who is leading the committee to explore the possibility of ‘One Nation, One Election’ in India?

A.    Ram Nath Kovind

B.    Narendra Modi

C.    Amit Shah

D.    Anurag Thakur

Answer: Option (A)

Explanation:

The committee led by former President Ram Nath Kovind marks a crucial step in exploring the feasibility of 'One Nation, One Election' in India. While this concept presents potential benefits such as cost savings and improved governance, it also poses challenges that demand careful deliberation. The committee's findings and recommendations will shape the future discourse on electoral reforms, and it remains to be seen how this bold initiative will shape India's democratic landscape in the years to come.



 

 



13. What is Moody's revised GDP growth forecast for India in 2023?

A.    5.5%

B.    6.1%

C.    6.5%

D.    6.7%

Answer: Option (D)

Explanation:

Moody's revised GDP growth forecast for India in 2023 paints a promising picture for the country's economic trajectory. With a projected growth rate of 6.7%, India is poised to capitalize on its resilience, policy reforms, and sectoral contributions. This optimistic outlook instills confidence in India's economic potential and sets the stage for continued progress and development.



 

 



14. On which date is World Coconut Day celebrated each year?

A.    September 2

B.    August 2

C.    October 5

D.    September 1

Answer: Option (A)

Explanation:

World Coconut Day, celebrated on September 2, serves as a global platform to appreciate the versatility and significance of coconuts. From their culinary uses to their impact on various industries, coconuts have captured our attention and enriched our lives. So, next time you enjoy a sip of coconut water or savor the aroma of coconut-infused dishes, take a moment to celebrate the magic of these tropical wonders.



 

 



15. Which country launched its inaugural Islamic banking pilot program on September 1, aiming to explore Shariah-based finance?

A.    Russia

B.    Saudi Arabia

C.    Malaysia

D.    Turkey

Answer: Option (A)

Explanation:

Russia's foray into Islamic banking through its inaugural pilot program marks a significant milestone in its financial history. By exploring Shariah-based finance, Russia aims to tap into new avenues for growth, cater to the needs of its Muslim population, and foster economic diversification. As the pilot program progresses, it will be fascinating to witness the impact of Islamic banking on Russia's financial landscape, potentially paving the way for a more inclusive and ethically grounded financial system.


 



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