Current Affairs Questions and Answers 11 October 2023

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11 October 2023 Current Affairs Questions And Answers: Here, we are providing the Current Affairs Questions and Answers for 11 October 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:

‘Bima Vahaks’ in every Gram Panchayat
Unemployment rate
Periodic Labour Force Survey (PLFS)
Indian Ocean Rim Association (IORA)
Indian Military Heritage Festival (IMHF)

11th October 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 11th October Current Affairs 2023 Quiz covering the following topics Headlines: ‘Bima Vahaks’ in every Gram Panchayat, Unemployment rate, Periodic Labour Force Survey (PLFS), Indian Ocean Rim Association (IORA), Indian Military Heritage Festival (IMHF).

Q1. How much assistance has India provided for water projects in Tanzania?
(a) USD 10 million
(b) USD 100 million
(c) USD 1 billion
(d) USD 1 trillion
(e) USD 1 million

Q2. Who is responsible for deploying ‘Bima Vahaks’ in every Gram Panchayat by December 31, 2024, as per the recent circular?
(a) Prime Minister of India
(b) Insurance Regulatory and Development Authority of India (IRDAI)
(c) Gram Panchayat Council
(d) Indian Ministry of Finance
(e) National Insurance Companies

Q3. Which of the following is NOT a definition of unemployment rate?
(a) The percentage of people unemployed among those in the labor force.
(b) The percentage of people seeking work but unable to find a job.
(c) The percentage of people who are not employed or actively seeking employment.
(d) The percentage of people who have been unemployed for more than 26 weeks.
(e) The percentage of people who are willing and able to work but are not employed.

Q4. Which states/UTs had a higher urban unemployment rate than the national average in April-June 2023?
(a) Delhi, Gujarat, and Maharashtra
(b) Himachal Pradesh, Rajasthan, and Chhattisgarh
(c) West Bengal, Bihar, and Haryana
(d) Jammu and Kashmir, Kerala, and Punjab
(e) Tamil Nadu, Karnataka, and Andhra Pradesh

Q5. According to the Periodic Labour Force Survey (PLFS) bulletin released by the Ministry of Statistics and Programme Implementation (MoSPI), what was the urban unemployment rate in India during the April-June quarter of this fiscal year?
(a) 6.6%
(b) 7.6%
(c) 8.6%
(d) 9.6%
(e) 10.6%

Q6. Who imposed a total siege on the Gaza Strip and cut off water supply following a surprise offensive by Hamas?
(a) Israel
(b) Palestine
(c) Egypt
(d) United Nations
(e) None of the above

Q7. When was the Indian Ocean Rim Association (IORA) established as an intergovernmental organization?
(a) 1987
(b) 1997
(c) 2007
(d) 2017
(e) 2021

Q8. Which two cities are connected by the ferry service set to launch on October 11, 2023, as part of efforts to enhance connectivity?
(a) Mumbai, Colombo
(b) Chennai, Male
(c) Nagapattinam, Kankesanthurai
(d) Dubai, Muscat
(e) Karachi, Galle

Q9. Which country’s stock exchange witnessed a decline in APSEZ stocks on the day of the incident?
(a) Bombay Stock Exchange (BSE)
(b) New York Stock Exchange (NYSE)
(c) London Stock Exchange (LSE)
(d) Tokyo Stock Exchange (TSE)
(e) Shanghai Stock Exchange (SSE)

Q10. Where is Haifa Port located?
(a) Egypt
(b) Saudi Arabia
(c) Israel
(d) United Arab Emirates
(e) Lebanon

Q11. What is India’s fiscal deficit target as a percentage of GDP for the current financial year (FY24)?
(a) 6.4%
(b) 5.9%
(c) 7.2%
(d) 8.1%
(e) 4.6%

Q12. What is the primary deficit?
(a) The fiscal deficit without considering interest payments
(b) The revenue deficit
(c) The total government expenditure
(d) The government’s capital expenditure
(e) None of the above

Q13. Which company secured an 810 MW solar photovoltaic power project in Rajasthan?
(a) NLC India Ltd. (NLCIL)
(b) Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL)
(c) Ministry of Coal
(d) Navaratna Central Public Sector Enterprise (CPSE)
(e) None of the above

Q14. Who is leading the initiative for the introduction of the Digital India Act 2023 (DIA)?
(a) Ministry of Finance
(b) Ministry of Home Affairs
(c) Ministry of Electronics and Information Technology (MEITY)
(d) Ministry of Social Justice and Empowerment
(e) Ministry of External Affairs

Q15. Which organization is hosting the Indian Military Heritage Festival (IMHF)?
(a) Indian Ministry of Defense
(b) United Service Institution of India (USI)
(c) Indian Army
(d) Atmanirbhar Bharat Program
(e) Indian Cultural Calendar

Solutions

S1. Ans.(c)
Sol. India has contributed USD 1 billion in assistance for water projects in Tanzania.

S2. Ans.(b)
Sol. IRDAI is responsible for deploying ‘Bima Vahaks’ in every Gram Panchayat by December 31, 2024.

S3. Ans.(d)
Sol. The unemployment rate is defined as the percentage of people unemployed among those in the labor force. People are considered unemployed if they didn’t work for even one hour during the week but sought or were available for work for at least one hour during the same period.

S4. Ans.(b)
Sol. Himachal Pradesh, Rajasthan, and Chhattisgarh had higher urban unemployment rates than the national average.

S5. Ans.(a)
Sol. The urban unemployment rate in India dropped to 6.6% in the April-June quarter of this fiscal year, the lowest level recorded since the PLFS bulletin was launched in 2018.

S6. Ans.(a)
Sol. Israel imposed a total siege on the Gaza Strip and cut off water supply following a surprise offensive by Hamas.

S7. Ans.(b)
Sol. The IORA was established as an intergovernmental organization in 1997, bringing together countries situated around the Indian Ocean.

S8. Ans.(c)
Sol. The ferry service scheduled to launch on October 11, 2023, will connect Nagapattinam in Tamil Nadu with Kankesanthurai in the Northern Province of Sri Lanka.

S9. Ans.(a)
Sol. APSEZ stocks fell by 4.89 percent on the BSE and 5.09 percent on the National Stock Exchange (NSE) on the day of the incident.

S10. Ans.(c)
Sol. Haifa Port is a major seaport located in Israel, on the Mediterranean coast.

S11. Ans.(b)
Sol. India aims to narrow its fiscal deficit to 5.9% of GDP by the end of FY24, down from 6.4% in the previous year.

S12. Ans.(a)
Sol. The primary deficit as the fiscal deficit without considering interest payments.

S13. Ans.(a)
Sol. NLC India Ltd. (NLCIL) secured an 810 MW solar photovoltaic power project in Rajasthan.

S14. Ans.(c)
Sol. Ministry of Electronics and Information Technology (MEITY). MEITY is leading the initiative for the introduction of the Digital India Act 2023 (DIA).

S15. Ans.(b)
Sol. United Service Institution of India (USI). The USI is hosting the IMHF.