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Daily Current Affairs 22 December 2023


6. What is the projected GDP growth for India in the fiscal year 2023-24, according to the Reserve Bank of India's forecast?

A. 6.5%

B. 7.1%

C. 8%

D. 5.5%

Discuss Work Space

Answer: option b

Explanation:

The Reserve Bank of India forecasts a real GDP growth of 7.1% for the fiscal year 2023-24.

7. Which regulatory body issued guidelines for banks and NBFCs regarding their investments in alternative investment funds (AIFs)?

A. Securities and Exchange Board of India (SEBI)

B. Reserve Bank of India (RBI)

C. Ministry of Finance

D. National Bank for Agriculture and Rural Development (NABARD)

Discuss Work Space

Answer: option b

Explanation:

The RBI issued guidelines for banks and NBFCs regarding their investments in alternative investment funds (AIFs).

8. What is the purpose of Card-on-File Tokenisation (CoFT) directly at the issuer bank level, as announced by the Reserve Bank of India (RBI)?

A. To simplify online transactions for customers

B. To enhance user experience and security

C. To increase revenue for issuing banks

D. To reduce the number of credit cards in circulation

Discuss Work Space

Answer: option b

Explanation:

The direct enablement of CoFT at the issuer bank level aims to significantly enhance user experience and provide a secure means of managing tokens.

9. Which two entities have recently been granted payment aggregator licenses by the Reserve Bank of India (RBI)?

A. Razorpay and Cashfree Payments

B. Paytm and PayU India

C. Google Pay and Paymate India

D. Open Financial and EnKash

Discuss Work Space

Answer: option a

Explanation:

Razorpay, Cashfree Payments, Open Financial, EnKash, Google Pay, and Paymate India have been granted payment aggregator licenses.

10. What is the significance of World Basketball Day, celebrated on December 21?

A. Commemorating the invention of basketball

B. Recognizing achievements in soccer

C. Promoting environmental awareness through sports

D. Celebrating global unity through sports

Discuss Work Space

Answer: option a

Explanation:

World Basketball Day commemorates the invention of basketball by Dr. James Naismith in 1891.


Daily Current Affairs 22 December 2023 FAQ

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