Current Affairs Questions and Answers 26 August 2023

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26 August 2023 Current Affairs Questions And Answers: Here, we are providing the Current Affairs Questions and Answers for 26 August 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:

ICRA Ratings’ forecast for India’s GDP growth
Prime Minister Modi’s Greece Visit
Microfinance loans
HDFC Bank and Marriott Bonvoy

26th August 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 26th August Current Affairs 2023 Quiz covering the following topics Headlines: ICRA Ratings’ forecast for India’s GDP growth, Prime Minister Modi’s Greece Visit, Microfinance loans, HDFC Bank and Marriott Bonvoy.

Q1. What is ICRA Ratings’ forecast for India’s GDP growth in the first quarter (Q1) of fiscal year 2023-24 (FY24)?

(a) 7.2%

(b) 8.5%

(d) 6.8%

(e) 5.5%

Q2. Which Greek leader extended an invitation to Prime Minister Modi for the historic visit?

(a) Kyriakos Mitsotakis

(b) Katerina Sakellaropoulou

(d) George Papandreou

(e) Antonis Samaras

Q3. During the visit, what areas of cooperation are expected to be discussed between the Indian and Greek leaders?

(a) Agricultural development

(b) Space exploration

(d) Maritime transport, defense, trade, and investments

(e) Entertainment industry collaboration

Q4. What factors contribute to the positive growth observed in the services sector during Q1 FY24?

(a) Reduced investment activity

(b) Decline in demand

(d) Catch-up in services demand and improved investment activity

(e) Rising commodity prices

Q5. What was the percentage of microfinance loans held by standalone MFIs in FY23?

(a) 30%

(b) 35%

(d) 45%

(e) 50%

Q6. Which state is the Yadadri Thermal Power Station located in?

(a) Maharashtra

(b) Telangana

(d) Karnataka

(e) Uttar Pradesh

Q7. Sunil Bharti Mittal referred to Africa as:

(a) A technological hub

(b) A cultural epicenter

(d) The last continent of hope

(e) An untapped resource

Q8. Which state led the microfinance sector in terms of Assets Under Management (AUM)?

(a) Maharashtra

(b) Bihar

(d) Gujarat

(e) Rajasthan

Q9. What is the name of the co-branded hotel credit card launched by HDFC Bank and Marriott Bonvoy?

(a) HDFC Bonvoy Card

(b) Marriott HDFC Travel Card

(d) HDFC Marriott Rewards Card

(e) HDFC Travel Bonvoy Card

Q10. What is the primary pollutant that SCR Catalysts aim to reduce?

(a) Carbon monoxide (CO)

(b) Sulfur dioxide (SO2)

(d) Nitrogen oxide (NOx)

(e) Volatile organic compounds (VOCs)

Q11. Which network’s platform is the Marriott Bonvoy HDFC Bank Credit Card part of?

(a) Mastercard

(b) Visa

(d) Discover Global Network

(e) Rupay

Q12. What is the name of YES BANK’s newly introduced mobile banking app?

(a) YES Mobile

(b) YES Banking Pro

(d) YES Finance Connect

(e) YES Mobile Connect

Q13. Which bank has introduced the UPI interoperable digital rupee mobile application?

(a) HDFC Bank

(b) Axis Bank

(d) Canara Bank

(e) State Bank of India

Q14. Who is the current Governor of the Reserve Bank of India (RBI)?

(a) Raghuram Rajan

(b) Urjit Patel

(d) Nirmala Sitharaman

(e) Arun Jaitley

Q15. Who signed the Standard Operating Procedure (SOP) for exchange of White Shipping Information on 23 August 2023?

(a) Chief of the Air Force

(b) Chief of the Army Staff

(d) Chief of the Coast Guard

(e) Chief of the Border Security Force

Solutions

S1. Ans.(b)

Sol. ICRA Ratings projects a GDP growth of 8.5% in Q1 FY24 due to a supportive base and a recovery in the services sector.

S2. Ans.(a)

Sol. Greek Prime Minister Kyriakos Mitsotakis invited Prime Minister Modi to visit Greece, underscoring the commitment to enhance bilateral relations between the two countries.

S3. Ans.(d)

Sol. The discussions between the Indian and Greek leaders are anticipated to encompass various areas of cooperation, including maritime transport, defense, trade, and investments.

S4. Ans.(c)

Sol. Catch-up in services demand and improved investment activity. These factors are mentioned as contributors to the growth observed in the services sector during Q1 FY24.

S5. Ans.(c)

Sol. In FY23, standalone MFIs held a 40% share of microfinance loans, marking their resurgence in the industry after a four-year period.

S6. Ans.(b)

Sol. The Yadadri Thermal Power Station is located in Telangana. It is where the first set of indigenously manufactured SCR Catalysts from BHEL were flagged off.

S7. Ans.(d)

Sol. Sunil Bharti Mittal emphasized the potential of Africa and its need for attention and initiatives at the summit.

S8. Ans.(b)

Sol. Bihar emerged as the leader in the microfinance sector, holding about 15% market share of Assets Under Management (AUM).

S9. Ans.(c)

Sol. The co-branded hotel credit card launched is named “Marriott Bonvoy HDFC Bank Credit Card,” representing the collaboration between HDFC Bank and Marriott Bonvoy.

S10. Ans.(d)

Sol. SCR Catalysts are designed to reduce nitrogen oxide (NOx) emissions, which are major pollutants generated during the combustion of coal in thermal power plants.

S11. Ans.(d)

Sol. The card is part of the “Discover Global Network,” particularly operating on the “Diners Club” platform, which provides exclusive benefits and global acceptance.

S12. Ans.(c)

Sol. The name of YES BANK’s new mobile banking app is “IRIS by YES BANK.”

S13. Ans.(d)

Sol. Canara Bank has introduced the UPI interoperable digital rupee mobile application.

S14. Ans.(c)

Sol. The current Governor of RBI is “Shaktikant Das.”

S15. Ans.(c)

Sol. The “Chief of the Naval Staff and Commandant of Philippine Coast Guard” signed the SOP for exchange of White Shipping Information.