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Current Affairs Quiz - 19 September 2023
| 6. | What is the P-7 Heavy Drop Parachute System designed for in India's Armed Forces? |
|---|
A. Aerial Surveillance
B. Long-range Artillery
C. Paradropping Military Stores
D. Underwater Warfare
View Answer Discuss Work SpaceAnswer: option c
Explanation:
The P-7 Heavy Drop Parachute System is designed for paradropping military stores, enhancing India's military logistics capabilities. It can drop stores up to 7-ton weight class from aircraft.
| 7. | S&P Global Market Intelligence upgraded India's economic growth forecast for FY24 to what percentage? |
|---|
A. 5.1%
B. 6.6%
C. 7.5%
D. 8.2%
View Answer Discuss Work SpaceAnswer: option b
Explanation:
S&P Global Market Intelligence revised India's economic growth forecast for fiscal year 2024 (FY24) to 6.6%. This revision was based on robust economic performance in the April-June quarter.
| 8. | The State Bank of India (SBI) introduced a digital platform for NRIs to open NRE and NRO accounts. What do NRE and NRO stand for? |
|---|
A. Non-Resident Earnings and Non-Resident Outward
B. Non-Revenue Earnings and Non-Revenue Outflow
C. Non-Residential External and Non-Resident Ordinary
D. National Reserve External and National Reserve Outward
View Answer Discuss Work SpaceAnswer: option c
Explanation:
NRE stands for Non-Residential External, and NRO stands for Non-Resident Ordinary. These are types of accounts used by Non-Resident Indians (NRIs) to manage their finances in India.
| 9. | What innovative approach has the State Bank of India (SBI) taken to prevent loan defaults, particularly in its retail lending segment? |
|---|
A. Offering discounts on loan repayments
B. Visiting borrowers' homes with chocolates
C. Providing free financial counseling
D. Reducing interest rates
View Answer Discuss Work SpaceAnswer: option b
Explanation:
SBI has taken the innovative approach of visiting borrowers' homes with chocolates as a part of its loan recovery efforts. This approach aims to improve loan collections.
| 10. | How many NBFCs were listed in the "Upper Layer" of the Scale Based Regulation (SBR) framework by RBI in the year 2023-24? |
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A. 5
B. 10
C. 15
D. 20
View Answer Discuss Work SpaceAnswer: option c
Explanation:
In the year 2023-24, RBI listed 15 NBFCs in the "Upper Layer" of the Scale Based Regulation (SBR) framework. This framework categorizes NBFCs based on various parameters for effective regulation.
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