Daily Quiz on Current Affairs by Gkseries – 4 September 2023

Daily Quiz on Current Affairs 4 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. In the April-June quarter of the fiscal year 2023-24, ___________  was the growth rate of the All-India House Price Index (HPI)?
(a) 3.4%
(b) 5.1% ###
(c) 2.6%
(d) 14.9%

Ans.(b)
Sol. The All-India House Price Index (HPI) recorded a growth rate of 5.1%. This indicates a significant increase in house prices during this period compared to the previous year.

2. __________  was the total GST collection in India for August 2023?
(a) ₹1.59 trillion
(b) ₹1.65 trillion
(c) ₹1.43 trillion
(d) ₹1.6 trillion

Ans.(a)
Sol. India’s GST collection for August 2023 reached ₹1.59 trillion, indicating an impressive 11% annual increase.

3. Which of the following state recorded the highest increase in GST collection in August 2023, with a remarkable 23% growth?
(a) Karnataka
(b) Gujarat
(c) Maharashtra
(d) Tamil Nadu

Ans.(c)
Sol. Maharashtra recorded a remarkable 23% increase at ₹23,282 crore, Karnataka’s collection surged by 16% to ₹11,116 crore, and Gujarat’s collection increased by 12% to ₹9,765 crore, as per official data.

4. How much financial allocation has been set aside for the Vishwakarma Yojana to empower artisans?
(a) Rs 1,000 crore
(b) Rs 5,000 crore
(c) Rs 10,000 crore
(d) Rs 13,000 crore

Ans.(d)
Sol. Rs 13,000 crore. This amount has been earmarked to empower traditional artisans across India through the scheme.

5. UPI surpassed 10 billion monthly transactions in August 2023. Which of the following UPI app led the market share in June, with over 47% of all UPI transactions in India?
(a) Google Pay
(b) Paytm
(c) PhonePe
(d) WhatsApp Pay

Ans.(c)
Sol. PhonePe, a domestic fintech and e-commerce platform, held the largest market share in June, accounting for over 47% of all UPI transactions in India. This demonstrates PhonePe’s strong presence in the digital payments landscape.

6. Why did Moody’s raise its GDP growth projection for India in 2023 to 6.7 percent?
(a) Strong manufacturing sector growth
(b) Robust agricultural performance
(c) Services expansion and capital expenditures
(d) High export volumes

Ans.(c)
Sol. Moody’s revised its projection to 6.7 percent due to the significant expansion of services and increased capital expenditures, which contributed to strong economic growth in India.

7. __________ rating did Shaktikanta Das receive in the Global Finance Central Banker Report Cards 2023?
(a) A
(b) A-
(c) B+
(d) A+

Ans.(d)
Sol. Shaktikanta Das received an ‘A+’ rating in the Global Finance Central Banker Report Cards 2023. This rating reflects his outstanding performance as the Reserve Bank of India (RBI) Governor and places him at the top among central bank governors globally.

8. _________ payload on the Aditya-L1 mission is designed to image the solar corona in the visible light spectrum?
(a) SUIT
(b) VELC
(c) SoLEXS
(d) HEL1OS

Ans. (b)
Sol. VELC, the Visible Emission Line Coronagraph, is designed to image the solar corona in the visible light spectrum.

9. To be classified as a wetland under Ramsar Convention, the wetland should have which properties?

1. The water in the wetland can be static or flowing
2. It should be a natural wetland and not artificially formed
3. The depth of the marine water at low tide must not exceed six meters

How many of the above statements is/are correct?

1. Only 1
2. Only 2
3. Only 3
4. none

Ans. b)

Sol. The Ramsar Convention on Wetlands defines wetlands as “areas of marsh, fen, peat land or water, whether natural or artificial, permanent or temporary, with water that is static or flowing, fresh, brackish or salt, including areas of marine water the depth of which at low tide does not exceed six meters”.

10. Consider the following assertions.

1. Normally, when water freezes, it crystallizes and its molecules are arranged into hexagonal solid structure called ice.
2. Ice is denser than water.
3. Amorphous ice lacks long-range order in its molecular arrangement.

How many of the above statements is/are correct?

1. Only 1
2. Only 2
3. Only 3
4. none

Ans. b)

Sol. Normally, when water freezes, it crystallizes and its molecules are arranged into the familiar hexagonal, solid structure that we call ice. Ice is less dense than its liquid form — an unusual property for a crystal. Depending on conditions such as pressure and the speed of freezing, water can also solidify in any of two dozen other regular arrangements. Amorphous ice is different: it has no such order.