Current Affairs Questions and Answers 31 October 2023

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31 October 2023 Current Affairs Questions And Answers: Here, we are providing the Current Affairs Questions and Answers for 31 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:

MGNREGS workforce
Vision India@2047
Bulk deposit limit for Regional Rural Banks (RRBs)
Swan Energy’s acquisition of Reliance Naval
FATF’s Grey List

31st 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 31st October Current Affairs 2023 Quiz covering the following topics Headlines: MGNREGS workforce, Vision India@2047, Euro Zone country, Bulk deposit limit for Regional Rural Banks (RRBs), Swan Energy’s acquisition of Reliance Naval, FATF’s Grey List.

Q1. Which historical site in Turkey is famous for its unique underground cities and cave dwellings?
(a) Ephesus
(b) Troy
(c) Pamukkale
(d) Cappadocia
(e) Pergamon

Q2. What was the percentage reduction in the MGNREGS workforce from the previous fiscal year to April-September 2023?
(a) 5%
(b) 7.5%
(c) 10%
(d) 8%
(e) 6.5%

Q3. What is the targeted per-capita income range in ‘Vision India@2047’?
(a) $5,000-$8,000
(b) $10,000-$12,000
(c) $15,000-$17,000
(d) $18,000-$20,000
(e) $22,000-$25,000

Q4. What is the primary objective of ‘Vision India@2047’?
(a) To make India a $10 trillion economy by 2047.
(b) To prevent India from falling into the middle-income trap and become a developed nation by 2047.
(c) To establish India as the world’s largest agricultural exporter.
(d) To increase India’s share of the global GDP to 10% by 2047.
(e) To achieve a per-capita income of $25,000 by 2047.

Q5. Which strait separates the European and Asian parts of Turkey?
(a) Bosporus Strait
(b) Dardanelles Strait
(c) Gibraltar Strait
(d) English Channel
(e) Malacca Strait

Q6. What does the RBI’s recent announcement regarding the bulk deposit limit for Regional Rural Banks (RRBs) entail?
(a) It reduces the limit from Rs 1 crore to Rs 15 lakh.
(b) It raises the limit from Rs 15 lakh to Rs 1 crore.
(c) It has no impact on the bulk deposit limit for RRBs.
(d) It applies only to urban areas.
(e) None of the above.

Q7. Which regulatory body ensures the protection of deposits in RRBs?
(a) RBI
(b) SEBI
(c) DICGC
(d) IRDAI
(e) Ministry of Finance

Q8. What is the exchange ratio for Fincare SFB shareholders in the merger with AU SFB?
(a) 579 shares in AU SFB for every 2,000 shares in Fincare SFB
(b) 1,000 shares in AU SFB for every 1,500 shares in Fincare SFB
(c) 500 shares in AU SFB for every 1,000 shares in Fincare SFB
(d) 700 shares in AU SFB for every 2,000 shares in Fincare SFB
(e) 800 shares in AU SFB for every 1,500 shares in Fincare SFB

Q9. Swan Energy’s acquisition of Reliance Naval and Engineering aligns with which government initiative?
(a) Make in India
(b) Digital India
(c) Swachh Bharat Abhiyan
(d) Jan Dhan Yojana
(e) Skill India

Q10. Which sector is Swan Energy primarily focusing on after the acquisition?
(a) Agriculture and farming
(b) IT and software development
(c) Naval, defence, and oil and gas sectors
(d) Healthcare and pharmaceuticals
(e) Tourism and hospitality

Q11. Which prestigious award was presented to Nita Ambani in 2023, recognizing her philanthropic work and contributions to society?
(a) USISPF Global Leadership Award for Sports
(b) Nobel Peace Prize
(c) USISPF Global Leadership Award for Business Excellence
(d) Padma Bhushan
(e) USISPF Global Leadership Award for Philanthropy and Corporate Social Responsibility

Q12. The FATF’s Grey List consists of jurisdictions that do not meet the organization’s which of the following standards?
(a) Anti-money laundering (AML)
(b) Counter-terrorism financing (CFT)
(c) Proliferation financing
(d) All of the above
(e) None of the above

Q13. In what year was Gita Press Gorakhpur awarded the Gandhi Peace Prize?
(a) 2021
(b) 2022
(c) 2023
(d) 2024
(e) 2025

Q14. Which of the following is the official sponsor of the 37th edition of the National Games?
(a) Paytm
(b) Google
(c) Amazon
(d) Flipkart
(e) Jio

Q15. Who was the highest wicket-taker in the 2023 ICC ODI World Cup?
(a) Mitchell Santner
(b) Glenn McGrath
(c) Wasim Akram
(d) Zaheer Khan
(e) Mitchell Starc

Solutions

S1. Ans.(d)
Sol. Cappadocia is known for its rock sites, underground cities, and cave dwellings, making it a UNESCO World Heritage Site.

S2. Ans.(b)
Sol. The MGNREGS workforce experienced a 7.5% reduction from the previous fiscal year to April-September 2023.

S3. Ans.(d)
Sol. ‘Vision India@2047’ aims to achieve a per-capita income in the range of $18,000-$20,000 by 2047.

S4. Ans.(b)
Sol. The primary objective of ‘Vision India@2047’ is to prevent India from falling into the middle-income trap and transform the country into a developed nation by 2047.

S5. Ans.(a)
Sol. The Bosporus Strait is a natural strait and an internationally significant waterway, separating European Turkey from Asian Turkey.

S6. Ans.(b)
Sol. The RBI has increased the bulk deposit limit for RRBs from Rs 15 lakh to Rs 1 crore.

S7. Ans.(c)
Sol. Deposits in RRBs are secured by the Deposit Insurance and Credit Guarantee Corporation (DICGC), ensuring protection of up to five lakh rupees for each depositor.

S8. Ans.(a)
Sol. Fincare SFB shareholders will receive 579 shares in AU SFB for every 2,000 shares they hold in Fincare SFB.

S9. Ans.(a)
Sol. The acquisition aligns with the “Make in India” initiative, emphasizing self-reliance and indigenous production in various sectors, including shipbuilding.

S10. Ans.(c)
Sol. Swan Energy is focusing on naval, defence, and oil and gas sectors.

S11. Ans.(e)
Sol. Nita Ambani received the USISPF Global Leadership Award for Philanthropy and Corporate Social Responsibility in 2023.

S12. Ans.(d)
Sol. The FATF Grey List consists of jurisdictions that do not meet the organization’s AML, CFT, and proliferation financing standards.

S13. Ans.(a)
Sol. Gita Press Gorakhpur awarded the Gandhi Peace Prize in 2021.

S14. Ans.(a)
Sol. The official sponsor of the 37th edition of the National Games is Paytm.

S15. Ans.(a)
Sol. Mitchell Santner was the highest wicket-taker in the 2023 ICC ODI World Cup with 11 wickets in 4 matches.