The purpose of the Daily Current Affairs 2 December 2023 MCQ and Quiz on BestHai.in is to provide a valuable resource for competitive exam preparation. It offers questions based on the most recent national and international events, helping you stay updated and practice for exams like UPSC, SSC, Banking, and Placement exams.
Daily Current Affairs 2 December 2023
| 6. | What is the expected submission date for the comprehensive report of the Sixteenth Finance Commission? |
|---|
A. April 1, 2025
B. October 31, 2025
C. January 1, 2026
D. March 31, 2026
View Answer Discuss Work SpaceAnswer: option b
Explanation:
The Sixteenth Finance Commission is expected to submit its comprehensive report by October 31, 2025. The report will cover a five-year period set to take effect on April 1, 2026.
| 7. | What was the GDP growth rate for India during the July-September quarter of the fiscal year 2023-24? |
|---|
A. 5.2%
B. 7.6%
C. 8.5%
D. 10.0%
View Answer Discuss Work SpaceAnswer: option b
Explanation:
India's GDP experienced a remarkable growth of 7.6% during the July-September quarter of the fiscal year 2023-24, making it the fastest-growing major economy globally during this period.
| 8. | What is the cumulative growth rate for the Index of Eight Core Industries during April to October 2023-24? |
|---|
A. 6.5%
B. 8.1%
C. 8.6%
D. 10.2%
View Answer Discuss Work SpaceAnswer: option c
Explanation:
The cumulative growth rate for the Index of Eight Core Industries during the period of April to October 2023-24 is 8.6% (provisional), reflecting a positive trend compared to the corresponding period in the previous year.
| 9. | What is the fiscal deficit as a percentage of the annual target for the first seven months of the financial year 2023-24? |
|---|
A. 35%
B. 40%
C. 45%
D. 50%
View Answer Discuss Work SpaceAnswer: option c
Explanation:
India's fiscal deficit reached 45% of the annual target in the first seven months of the financial year 2023-24, standing at Rs 8.04 trillion.
| 10. | What is the reason for the Reserve Bank of India (RBI) imposing a penalty on Bank of America, N.A.? |
|---|
A. Violation of customer privacy
B. Non-compliance with environmental regulations
C. Violation of reporting requirements under the liberalized Remittances Scheme
D. Involvement in fraudulent activities
View Answer Discuss Work SpaceAnswer: option c
Explanation:
The RBI imposed a penalty of Rs. 10,000 on Bank of America, N.A. for violating the reporting requirements under the liberalized Remittances Scheme of FEMA 1999. The penalty is based on deficiencies in regulatory compliance and does not pass judgement on the validity of transactions or agreements between entities and their customers.
Daily Current Affairs 2 December 2023 FAQ
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