Daily Quiz on Current Affairs by Gkseries – 16 September 2023

Daily Quiz on Current Affairs 16 September 2023 is very important for Competitive Exams like SSC, Railway, RRB, Banking, IBPS, PSC, UPSC, etc. Our Gkseries team have composed these Current Affairs Quizzes from Newspapers like The Hindu and other competitive magazines.

Daily Quiz on Current Affairs

1. __________ is Fitch Ratings’ forecast for India’s economic growth in FY24?
(a) 6.0%
(b) 6.2%
(c) 6.3%
(d) 6.5%

Ans.(c)
Sol. Fitch Ratings has retained India’s growth forecast for FY24 at 6.3%.

2. ____________ was India’s wholesale inflation rate in August 2023?
(a) -4.12%
(b) -0.52%
(c) 1.36%
(d) 2.51%

Ans.(b)
Sol. India’s wholesale inflation rate in August 2023 was -0.52%, as per the data released by the government.

3. Which of the following component of WPI saw the highest decline in August 2023?
(a) Primary Articles
(b) Fuel & Power
(c) Manufactured Products
(d) Food Index

Ans.(c)
Sol. Manufactured Products witnessed the highest decline in August 2023, with a WPI inflation rate of -2.37%.

4. How much was the final dividend per share declared by LIC for the fiscal year 2022-23?
(a) ₹1 per share
(b) ₹2 per share
(c) ₹3 per share
(d) ₹4 per share

Ans.(c)
Sol. ₹3 per share, which was the dividend declared for the fiscal year 2022-23.

5. ____________ of equity stake did the Indian government hold in LIC as of the end of June this year?
(a) 80%
(b) 90%
(c) 96.5%
(d) 99%

Ans.(c)
Sol. 96.5%, indicating the substantial equity stake held by the government in LIC.

6. What does the Wholesale Price Index (WPI) measure in India?
(a) Retail price changes
(b) Consumer spending trends
(c) Factory gate prices before retail
(d) Agricultural price fluctuations
(e) Stock market performance

Ans.(c)
Sol. The Wholesale Price Index (WPI) in India tracks changes in factory gate prices before retail prices. It focuses on goods traded in bulk by wholesale businesses.

7. What contributed to India’s strong economic growth in the April-June quarter of the current fiscal year?
(a) A decline in services sector activity
(b) Weak demand
(c) Robust exports
(d) Strong services sector activity and robust demand

Ans.(d)
Sol. Strong services sector activity and robust demand. India’s strong economic growth in the April-June quarter was primarily driven by strong services sector activity and robust demand.

8. Which individuals were NOT required to report births and deaths under the previous rules?
(a) Parents of the newborn
(b) Medical officers in charge of hospitals
(c) Jailors in case of births in jails
(d) Biological parents of children born through surrogacy

Ans.(d)
Sol. Biological parents of children born through surrogacy. The new act expands the list of reporters to include biological parents for births through surrogacy.

9. _____________ is Fitch’s projection for India’s benchmark interest rate until the end of 2023?
(a) 5.0%
(b) 6.0%
(c) 6.5%
(d) 7.0%

Ans.(c)
Sol. Fitch maintains a forecast of a 6.5% benchmark interest rate set by the Reserve Bank of India until the end of 2023.

10. Why is an OIML Pattern Approval certificate important for international trade of weights and measures?
(a) It ensures lower production costs.
(b) It guarantees product quality.
(c) It eliminates the need for packaging.
(d) It reduces transportation fees.

Ans.(b)
Sol. An OIML Pattern Approval certificate is essential for international trade as it guarantees the quality and conformity of weights and measures, facilitating cross-border commerce.