The purpose of the Daily Current Affairs 23 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 23 December 2023
| 1. | What is the purpose of the Telecommunications Bill, 2023 recently approved by the Lok Sabha in India? |
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A. To privatize the telecom industry
B. To address allocation of satellite spectrum
C. To provide subsidies to telecom companies
D. To empower the government to take control of telecom services for national security
View Answer Discuss Work SpaceAnswer: option d
Explanation:
The Telecommunications Bill, 2023 empowers the government to temporarily take control of telecom services in the interest of national security.
| 2. | Which ministry launched the National Geoscience Data Repository (NGDR) Portal in India? |
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A. Ministry of Finance
B. Ministry of Mines
C. Ministry of Telecommunications
D. Ministry of Environment
View Answer Discuss Work SpaceAnswer: option b
Explanation:
The Ministry of Mines launched the National Geoscience Data Repository (NGDR) Portal.
| 3. | What is the primary objective of the 7-day variable rate repo (VRR) auction conducted by the Reserve Bank of India (RBI) on December 22? |
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A. To reduce liquidity infusion
B. To address a liquidity deficit
C. To regulate interest rates
D. To increase government spending
View Answer Discuss Work SpaceAnswer: option b
Explanation:
The RBI conducted the 7-day VRR auction to address a liquidity deficit near an 8-year high.
| 4. | What is the key requirement for organizations to qualify for a Self-Regulatory Organization (SRO) license in the banking and NBFC sector, as per the RBI's draft framework? |
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A. Profitability
B. Not-for-profit status
C. Government ownership
D. International presence
View Answer Discuss Work SpaceAnswer: option b
Explanation:
To qualify for an SRO license, applicants must establish a not-for-profit company.
| 5. | Why did LIC receive an extension till 2032 to achieve the 25% Minimum Public Shareholding (MPS) rule? |
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A. Due to financial losses
B. Government intervention
C. Market volatility
D. One-time exemption by the Ministry of Finance
View Answer Discuss Work SpaceAnswer: option d
Explanation:
LIC received a one-time exemption from the Ministry of Finance regarding the 25% MPS rule.
Daily Current Affairs 23 December 2023 FAQ
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