The purpose of the Daily Current Affairs 14 October 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 14 October 2023
| 6. | What led to a drop in retail inflation in India in September 2023? |
|---|
A. Lower oil prices
B. Reduced demand for consumer goods
C. Softer vegetable prices
D. Increased government spending
View Answer Discuss Work SpaceAnswer: option c
Explanation:
Retail inflation in India dropped in September 2023, largely due to softer vegetable prices.
| 7. | What was India's industrial output growth in August 2023? |
|---|
A. 2.5%
B. 6.0%
C. 10.3%
D. 15.7%
View Answer Discuss Work SpaceAnswer: option c
Explanation:
India's industrial output grew by 10.3% in August 2023.
| 8. | Why did the RBI impose a penalty on Paytm Payments Bank? |
|---|
A. Failure to meet revenue targets
B. Non-compliance with KYC and cybersecurity measures
C. Excessive interest rate charges on loans
D. Data breach and security compromise
View Answer Discuss Work SpaceAnswer: option b
Explanation:
The RBI imposed a penalty on Paytm Payments Bank for non-compliance with KYC and cybersecurity measures.
| 9. | Why did the RBI cancel the registration certificate of Ind Bank Housing Ltd? |
|---|
A. The bank's involvement in illegal activities
B. Financial challenges and negative capital adequacy ratio
C. Political interference in the bank's operations
D. A sudden change in ownership
View Answer Discuss Work SpaceAnswer: option b
Explanation:
The RBI canceled the registration certificate of Ind Bank Housing Ltd due to financial challenges and a negative capital adequacy ratio.
| 10. | What is the criteria for a PSU to achieve 'Navratna' status in India? |
|---|
A. A net profit of over Rs 1,000 crore for three consecutive years.
B. An average annual turnover of Rs 5,000 crore for three years.
C. An average annual net worth exceeding Rs 15,000 crore for three years.
D. A minimum of 100,000 employees.
View Answer Discuss Work SpaceAnswer: option c
Explanation:
To achieve 'Navratna' status, a PSU must meet the criteria of having an average annual net worth exceeding Rs 15,000 crore for three years.
Daily Current Affairs 14 October 2023 FAQ
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