Today’s Current Affairs MCQs/ GK MCQs 14th December 2023

These current affairs today are a part of our daily current affairs. We cover a wide range of topics from state, national, and international news that are relevant and important for competitive exams. Our team prepares today’s current affairs after going through many newspapers, such as The Hindu, Indian Express, PIB, PRS, etc.

Scroll down for current affairs for 14th December 2023.

Cultural Milestone in France: Thiruvalluvar Statue Unveiled

On December 10, a statue honoring Tamil icon Thiruvalluvar was unveiled in Cergy, France. Prime Minister Narendra Modi praised the statue, highlighting its significance as a representation of shared cultural bonds between India and France.

Moody’s Affirms Reliance Industries’ Strong Rating and Outlook

  • Global rating agency Moody’s has reconfirmed Reliance Industries Limited’s (RIL) Baa2 rating with a stable outlook. RIL’s substantial market presence and robust performance across diverse sectors contribute to Moody’s positive assessment. 
  • The agency predicts significant growth in RIL’s consolidated EBITDA, driven by strong performances in digital services, retail, and the upstream oil and gas segment. 
  • Annual EBITDA growth of 10%-12% is anticipated over the next two years.

IMF Approves $337 Million Loan for Sri Lanka

  • The International Monetary Fund (IMF) has given the green light for Sri Lanka to receive the second installment of its loan. 
  • This amounts to about $337 million under the Extended Fund Facility (EFF). In total, Sri Lanka has now received around $670 million out of the expected $3 billion from the IMF. 
  • This financial support is crucial for Sri Lanka’s recovery efforts, especially due to the severe impact of the financial crisis, leading to shortages and long power cuts, causing economic challenges.

Concerns Rise as 12 Indian States Face Fiscal Challenges

  • In India, there’s a worrying trend as twelve states are projected to see their debt exceed 35% of their Gross State Domestic Product (GSDP) by the end of the financial year 2023-24. 
  • The Reserve Bank of India’s (RBI) latest report raises concerns about potential fiscal mismanagement in these states. 
  • The states under scrutiny include Arunachal Pradesh, Bihar, Goa, Himachal Pradesh, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Rajasthan, and West Bengal.

Thriving Food Processing Industry with ₹7,000 Crore Investment

  • The Ministry of Food Processing reports significant growth in the sector, with beneficiaries of the Production Linked Incentive (PLI) Scheme investing a substantial ₹7,126 crore. 
  • Cumulative sales during the April-September period reached ₹49,825 crore. 
  • The PLI Scheme, aimed at boosting the food processing industry, focuses on creating jobs for about 250,000 people and incentivizes manufacturing in categories like ready-to-cook products, processed fruits and vegetables, marine products, and mozzarella cheese.

SBI and KfW Collaborate on €70 Million Loan for Solar Projects in India

  • The State Bank of India (SBI) is taking a significant step toward sustainable energy by signing a €70 million Line of Credit (LoC) with the German Development Bank KfW. 
  • This collaboration, set to be finalized on December 14 in Ahmedabad, aims to support solar projects in India, aligning with the country’s commitment to clean and renewable energy sources.

Pune Ranks 2nd in India for Quality of Living

  • According to Mercer’s Quality of Living Index 2023, Pune has secured the second-best position in terms of ‘quality of life’ in India, following Hyderabad. 
  • The index positions Pune at 154th globally, with Hyderabad slightly ahead at 153rd. 
  • The rankings reflect a notable improvement from previous years, showcasing ongoing efforts to enhance the city’s infrastructure and overall living standards.

Cricket News: Shami Up for Arjuna, Satwik-Chirag for Khel Ratna

  • India’s top badminton men’s doubles duo, Satwiksairaj Rankireddy and Chirag Shetty, are in the running for the Major Dhyan Chand Khel Ratna Award, the highest sports honor in the country. 
  • They’ve had a fantastic year, making it to six finals and winning five prestigious championships, including the Asian Games and the Swiss Open. 
  • Mohammed Shami, the pace sensation in cricket, is nominated for the Arjuna Award for his outstanding performance in the ODI World Cup, finishing as the top wicket-taker with 24 scalps.

IPL Achieves Decacorn Status with $10.7 Billion Brand Value

  • The Indian Premier League (IPL) has reached a major milestone by achieving a decacorn status with a 28% increase in its combined brand value, reaching an impressive $10.7 billion.
  •  Brand Finance reports this significant growth, marking a phenomenal 433% increase since the IPL’s launch in 2008. During the 2023 season, IPL garnered a massive viewership of 505 million on television and an additional 450 million on digital platforms. 
  • Disney Star holds the TV broadcast rights, and JioCinema owns the digital streaming rights.

Australia Faces Impact of Cyclone Jasper

  • Tropical Cyclone Jasper, the first named storm of the 2023–24 Australian cyclone season, hit northeast Australia, bringing destructive winds and the potential for flash flooding. 
  • Emerging as the third disturbance of the South Pacific cyclone season, Jasper originated from a low-pressure area in the South Pacific Ocean. 
  • Initially moving southwest through Fiji’s area, it later intensified to a Category 4 cyclone before encountering conditions causing gradual weakening. The Australian Bureau of Meteorology (BoM) closely monitored Jasper’s impact on northern Queensland.

1. What is the purpose of the €70 million Line of Credit (LoC) between SBI and KfW?

  1. Support for solar projects in India
  2. Investment in the Indian Premier League (IPL)
  3. Funding for cyclone relief in Australia
  4. Infrastructure development in Pune

Show Answer

Correct Answer: Support for solar projects in India

The LoC aims to support solar projects in India, as mentioned in the news.

2. Which award are Satwiksairaj Rankireddy and Chirag Shetty nominated for?

  1. Bharat Ratna
  2. Arjuna Award
  3. Major Dhyan Chand Khel Ratna Award
  4. Padma Shri

Show Answer

Correct Answer: Major Dhyan Chand Khel Ratna Award

The duo is in line for the Major Dhyan Chand Khel Ratna Award, as highlighted in the news.

3. What achievement led to Pune’s improved ranking in the Quality of Living Index 2023?

  1. Successful hosting of the IPL
  2. Infrastructure development efforts
  3. Increased industrial output
  4. Victory in a global badminton championship

Show Answer

Correct Answer: Infrastructure development efforts

Pune’s improved ranking is attributed to ongoing efforts to enhance the city’s infrastructure.

4. What is the brand value of the Indian Premier League (IPL) in 2023?

  1. $3 billion
  2. $5.7 billion
  3. $10.7 billion
  4. $15 billion

Show Answer

Correct Answer: $10.7 billion

The IPL’s brand value reached $10.7 billion, according to Brand Finance.

5. Who is nominated for the Arjuna Award based on performance in the ODI World Cup?

  1. Satwiksairaj Rankireddy
  2. Chirag Shetty
  3. Mohammed Shami
  4. Virat Kohli

Show Answer

Correct Answer: Mohammed Shami’

Mohammed Shami is nominated for the Arjuna Award for his performance in the ODI World Cup.

6. In which city is the agreement for the €70 million Line of Credit (LoC) set to be signed?

  1. New Delhi
  2. Mumbai
  3. Ahmedabad
  4. Hyderabad

Show Answer

Correct Answer: Ahmedabad

The agreement is scheduled to be signed in Ahmedabad, as mentioned in the news.

7. What category of award is the Major Dhyan Chand Khel Ratna Award?

  1. Literary Award
  2. Sports Award
  3. Environmental Award
  4. Film Award

Show Answer

Correct Answer: Sports Award

The Major Dhyan Chand Khel Ratna Award is a prestigious sports award.

8. What achievement makes Satwik-Chirag a historic pair in badminton?

  1. Winning the IPL trophy
  2. Rising to No.1 in BWF world rankings
  3. Hosting a global badminton championship
  4. Securing a national record in doubles

Show Answer

Correct Answer: Rising to No.1 in BWF world rankings

Satwik-Chirag rose to No.1 in the BWF world rankings, marking a historic achievement.

9. What is the primary focus of the Production Linked Incentive (PLI) Scheme mentioned in the news?

  1. Agricultural development
  2. Tourism promotion
  3. Employment generation in the food processing industry
  4. Educational reforms

Show Answer

Correct Answer: Employment generation in the food processing industry

The PLI Scheme aims to generate employment in the food processing industry, as stated in the news.

10. According to the Quality of Living Index 2023, which city ranks first in India for ‘quality of life’?

  1. Pune
  2. Hyderabad
  3. Mumbai
  4. Bengaluru

Show Answer

Correct Answer: Hyderabad

Hyderabad ranks first in India for ‘quality of life,’ according to the Quality of Living Index 2023.

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