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Daily Current Affairs 27 March 2024


6. What position has Hansha Mishra been appointed to in the Union Public Service Commission (UPSC)?

A. Director

B. Chairman

C. Secretary

D. Member

Discuss Work Space

Answer: option a

Explanation:

Hansha Mishra, an officer of the Indian Audit and Accounts Service (IA&AS), has been appointed as Director in the Union Public Service Commission (UPSC).

7. What was India’s current account balance in the third quarter of the fiscal year 2023-24?

A. US$ 11.4 billion surplus

B. US$ 10.5 billion deficit

C. US$ 16.8 billion deficit

D. US$ 10.5 billion surplus

Discuss Work Space

Answer: option b

Explanation:

In the third quarter of the fiscal year 2023-24, India’s current account balance showed a deficit of US$ 10.5 billion.

8. What is India’s goal regarding minimum wage by 2025?

A. Increasing minimum wage by 10%

B. Replacing minimum wage with a living wage framework

C. Introducing universal basic income

D. Setting a fixed minimum wage for all industries

Discuss Work Space

Answer: option b

Explanation:

India aims to replace its minimum wage system with a living wage framework by 2025.

9. Which companies received payment aggregator licences from the Reserve Bank of India (RBI)?

A. Innoviti Payments and PayU

B. Concerto Software and Razorpay

C. Innoviti Payments and Concerto Software

D. Razorpay and Paytm

Discuss Work Space

Answer: option c

Explanation:

Innoviti Payments and Concerto Software received payment aggregator (PA) licences from the Reserve Bank of India (RBI).

10. According to S&P Global Ratings, what is the anticipated repo rate cut in India for the fiscal year 2024-25?

A. 25 basis points

B. 50 basis points

C. 75 basis points

D. 100 basis points

Discuss Work Space

Answer: option c

Explanation:

S&P Global Ratings anticipates a repo rate reduction of up to 75 basis points by the Reserve Bank of India (RBI) during the fiscal year 2024-25.


Daily Current Affairs 27 March 2024 FAQ

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