Today’s Current Affairs MCQs/ GK Quiz 29th December 2023

1. What is the objective of Telangana’s Praja Palana program?

  1. Increase tax collection
  2. Gather information about residents’ needs
  3. Promote cultural events
  4. Conduct medical screenings

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Correct Answer: Gather information about residents’ needs

The program aims to gather detailed information about residents’ needs at the local level.

2. Who was Wolfgang Schaeuble, and what role did he play in German politics?

  1. A scientist
  2. A sportsman
  3. A politician with over 50 years in the German parliament
  4. An artist

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Correct Answer: A politician with over 50 years in the German parliament

Wolfgang Schaeuble was a politician with a significant career in the German parliament.

3. What is the significance of India making its first-ever payment for crude oil in rupees?

  1. Reducing oil production
  2. Diversifying oil suppliers and reducing transaction costs
  3. Increasing oil prices
  4. Establishing a new currency

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Correct Answer: Diversifying oil suppliers and reducing transaction costs

It is part of a strategy to diversify oil suppliers and reduce transaction costs.

4. What is the focus of Uttar Pradesh’s Green Hydrogen Policy-2023?

  1. Encouraging deforestation
  2. Promoting the use of fossil fuels
  3. Incentivizing green hydrogen production
  4. Supporting nuclear energy

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Correct Answer: Incentivizing green hydrogen production

The policy aims to incentivize green hydrogen production.

5. What is the purpose of Chief Minister Yogi Adityanath inaugurating Bateshwar’s intra-district helicopter service?

  1. Boosting tourism and infrastructure
  2. Enhancing postal services
  3. Promoting agriculture
  4. Celebrating a political event

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Correct Answer: Boosting tourism and infrastructure

The inauguration aims to boost tourism and infrastructure.

6. Why is Ambati Rayudu’s entry into YSRCP significant?

  1. He is a renowned chef
  2. He played for CSK in the IPL
  3. He is a famous actor
  4. His representation of Andhra Pradesh and India in international cricket

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Correct Answer: His representation of Andhra Pradesh and India in international cricket

His entry could attract young voters given his cricket representation.

7. Which banks did the RBI identify as Domestic Systemically Important Banks (D-SIBs)?

  1. PNB, Axis Bank, and Yes Bank
  2. SBI, HDFC Bank, and ICICI Bank
  3. Bank of Baroda, IDBI Bank, and Kotak Mahindra Bank
  4. Canara Bank, Bank of India, and Union Bank

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Correct Answer: SBI, HDFC Bank, and ICICI Bank

RBI identified SBI, HDFC Bank, and ICICI Bank as D-SIBs.

8. Why did Wardwizard Foods’ shares experience a notable increase?

  1. It signed a peace treaty
  2. It collaborated with the government of Gujarat
  3. It declared bankruptcy
  4. It closed down its operations

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Correct Answer: 2

The increase followed the signing of an MoU with the government of Gujarat.

9. What is the objective of the GCC’s free trade agreement with South Korea?

  1. Increasing tariffs on traded goods
  2. Strengthening economic ties
  3. Encouraging protectionism
  4. Restricting energy resource trade

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Correct Answer: Strengthening economic ties

The agreement aims to strengthen economic ties by reducing tariffs.

10. What did the RBI approve regarding ICICI Prudential Asset Management Company Ltd (ICICI AMC)?

  1. Approval to open a new branch
  2. Approval to acquire a stake in Indian Oil Corporation
  3. Approval to acquire stakes in Federal Bank, RBL Bank, and Equitas Small Finance Bank
  4. Approval to launch a new financial product

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Correct Answer: Approval to acquire stakes in Federal Bank, RBL Bank, and Equitas Small Finance Bank

RBI approved the acquisition of stakes in Federal Bank, RBL Bank, and Equitas Small Finance Bank.

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