Current Affairs Questions and Answers 01 December 2023

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01 December 2023 Current Affairs Questions And Answers: Here, we are providing the Current Affairs Questions and Answers for 01 December 2023. These types of topics are important for candidates who prepare for Bank Exam 2023. In this article, we are covering the following topics Headlines:

Kavach system
India’s equity market
Women’s labor force participation rate
PMGKAY scheme
OECD’s growth projection for India

01st December Current Affairs 2023 Quiz

The Current Affairs 2023 section constitutes a major part of the General Awareness section in a competitive examination and plays an instrumental role. To supplement your preparation for the General Awareness Section of the upcoming exams like IBPS PO/Clerk Mains, SBI PO Mains and SEBI Grade A Prelims, we are providing you 01st December Current Affairs 2023 Quiz covering the following topics Headlines: Kavach system, India’s equity market, Women’s labor force participation rate, PMGKAY scheme, OECD’s growth projection for India.

Q1. What is the role of Siemens AG and Kyosan Electric Manufacturing Co in the deployment of the Kavach system?
(a) Upgrading existing railway networks
(b) Developing open-source technology
(c) Deploying advanced 4G and 5G technology
(d) Participating in radio surveys
(e) Approval of tenders

Q2. What is the expected headline inflation in FY2025, according to Morgan Stanley?
(a) 3.5%
(b) 4.0%
(c) 4.5%
(d) 4.9%
(e) 5.5%

Q3. What is the current progress of Kavach deployment on the designated routes?
(a) 50% radio survey completed
(b) 75% radio survey completed
(c) 98% radio survey completed
(d) No progress reported
(e) Completion of installation on 5,000 km

Q4. What is the anticipated financial impact of the benchmark switch on Indian equity markets?
(a) A $1.2 billion outflow
(b) A $3.6 billion inflow
(c) No significant change in financial dynamics
(d) A decrease in foreign portfolio investments
(e) A shift in focus towards Indian debt markets

Q5. What does Goldman Sachs anticipate for India’s equity market in terms of earnings growth over the next two years?
(a) Double-digit decline
(b) Single-digit decline
(c) Mid-teens growth
(d) No change
(e) High single-digit growth

Q6. What is the current status of foreign portfolio investments in Indian equities for the calendar year?
(a) A net outflow of funds
(b) Approximately ₹96,340 crore invested
(c) A decrease compared to the previous year
(d) No significant foreign investor interest
(e) A focus on Indian debt instruments

Q7. What is the women’s labor force participation rate in the second quarter of FY24?
(a) 21.7%
(b) 22.5%
(c) 23.2%
(d) 24%
(e) 25.5%

Q8. What is the projected economic growth rate for India in the second quarter of FY24?
(a) 6.5%
(b) 6.7%
(c) 7.2%
(d) 8%
(e) 5.5%

Q9. When will the mandatory blending of compressed biogas with natural gas commence, according to the government’s announcement?
(a) April 2023
(b) April 2025
(c) January 2024
(d) July 2026
(e) October 2027

Q10. How long has the government decided to extend the PMGKAY scheme?
(a) Two years
(b) Three years
(c) Four years
(d) Five years
(e) Six years

Q11. What is the estimated cost of the five-year extension of PMGKAY for the exchequer?
(a) ₹5.8 lakh crore
(b) ₹7.2 lakh crore
(c) ₹9.5 lakh crore
(d) ₹11.80 lakh crore
(e) ₹14.2 lakh crore

Q12. What is the OECD’s growth projection for India in FY25?
(a) 6.3%
(b) 6.1%
(c) 6.5%
(d) 7.0%
(e) 5.8%

Q13. Who is the Director of Institute of Rural Management Anand (IRMA)?
(a) Munish Sharda
(b) Umakant Dash
(c) Amitabh Chaudhry
(d) Rajiv Anand
(e) None of the above

Q14. What is the total outlay approved for the Pradhan Mantri Janjati Adivasi Nyaya Maha Abhiyan (PM-JANMAN)?
(a) Rs 18,532 crore
(b) Rs 22,456 crore
(c) Rs 24,104 crore
(d) Rs 20,678 crore
(e) Rs 15,336 crore

Q15. How many Particularly Vulnerable Tribal Groups (PVTGs) have been identified under the PM-JANMAN?
(a) 20
(b) 50
(c) 75
(d) 100
(e) 30

Solutions

S1. Ans.(d)
Sol. Siemens AG and Kyosan Electric Manufacturing Co are involved in the deployment, and the collaboration involves radio surveys.

S2. Ans.(d)
Sol. Morgan Stanley expects headline inflation to moderate to 4.9% in FY2025 from 5.4% in FY2024.

S3. Ans.(c)
Sol. The progress of Kavach deployment indicates that 98% of the radio survey on designated routes has been completed.

S4. Ans.(b)
Sol. Analysts project a substantial $3.6 billion inflow into Indian equity markets as a result of the benchmark switch.

S5. Ans.(c)
Sol. Goldman Sachs expects mid-teens earnings growth in India over the next two years.

S6. Ans.(b)
Sol. Foreign portfolio investors have injected approximately ₹96,340 crore into Indian equities this calendar year.

S7. Ans.(d)
Sol. The women’s labor force participation rate rose to its highest level of 24% in Q2FY24.

S8. Ans.(b)
Sol. The Indian economy is likely to have slowed down in the second quarter, growing 6.7%.

S9. Ans.(b)
Sol. April 2025. The phased introduction is set to begin in April 2025.

S10. Ans.(d)
Sol. The government has decided to extend the PMGKAY scheme for another five years from January 1, 2024.

S11. Ans.(d)
Sol. The estimated cost of the extension is approximately ₹11.80 lakh crore over the next five years.

S12. Ans.(b)
Sol. The OECD anticipates a slowdown in the Indian economy, projecting a growth rate of 6.1% for FY25 due to adverse weather conditions and a weakened global economic outlook.

S13. Ans.(b)
Sol. Dr. Umakant Dash is the Director of IRMA.

S14. Ans.(c)
Sol. The Union Cabinet has approved a substantial total outlay of Rs 24,104 crore for PM-JANMAN, reflecting a significant commitment to uplift Particularly Vulnerable Tribal Groups (PVTGs).

S15. Ans.(c)
Sol. Seventy-five PVTGs spread across 18 states and the Union Territory of Andaman and Nicobar Islands have been identified for focused attention under the PM-JANMAN.