Daily Quiz on Current Affairs by Gkseries – 5 September 2023

September 5, 2023

Daily Quiz on Current Affairs 5 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. ___________ was the Reserve Bank of India’s (RBI) estimated growth rate for India’s real GDP in the first quarter of fiscal year 2023-2024?
(a) 6.1%
(b) 7.7%
(c) 7.8%
(d) 8.0%

Ans.(b)
Sol. The RBI’s Monetary Policy Committee (MPC) had estimated a growth rate of 7.7% for India’s real GDP in the first quarter of fiscal year 2023-2024.

2. Which of the following media outlet has secured the media rights, including digital and TV broadcasting, for India’s domestic matches and BCCI-hosted tournaments for the next five years?
(a) Sony Sports Network
(b) Star Sports
(c) Viacom 18
(d) Neo Sports

Ans.(c)
Sol. Viacom 18 is the media outlet that has successfully acquired the media rights for India’s domestic matches and BCCI-hosted tournaments. This includes both digital and TV broadcasting rights, marking a significant development in the media landscape for cricket in India.

3. ___________ is the International Day of Charity celebrated?
(a) August 26
(b) September 5
(c) October 12
(d) November 18

Ans.(b)
Sol. The International Day of Charity is celebrated on September 5.

4. __________ type of financial institution is Bajaj Auto Consumer Finance now authorized to operate as?
(a) Public Bank
(b) Non-banking financial institution

Ans.(b)
Sol. Bajaj Auto Consumer Finance is now authorized to operate as an NBFC.

5. __________ was granted the status of a deemed university on September 1, 2023?
(a) IIT Mandi
(b) National Council of Educational Research and Training (NCERT)
(c) Indian Institute of Technology (IIT)
(d) Indian Space Research Organisation (ISRO)

Ans.(b)
Sol. NCERT was conferred with the status of a deemed university on September 1, 2023.

6. As of the end of July in the 2023-24 financial year, __________ was India’s fiscal deficit in absolute terms?
(a) Rs 5.83 lakh crore
(b) Rs 6.06 lakh crore
(c) Rs 6.40 lakh crore
(d) Rs 5.50 lakh crore

Ans.(b)
Sol. The fiscal deficit as of the end of July in the 2023-24 financial year was Rs 6.06 lakh crore.

7. When was the G20 established?
(a) 1944
(b) 1965
(c) 1975
(d) 1999

Ans.(d)
Sol. The G20 was established in 1999 in response to financial crises.

8. Which countries is NOT a member of the G20?
(a) Germany
(b) South Korea
(c) Canada
(d) Switzerland

Ans.(d)
Sol. Switzerland is not a member of the G20. The G20 includes major economies from around the world.

9. The G20 consists of 19 individual countries and one regional organization. Which of the following regional organization is part of the G20?
(a) European Union (EU)
(b) African Union (AU)
(c) Organization of American States (OAS)
(d) Association of Southeast Asian Nations (ASEAN)

Ans.(a)
Sol. The European Union, as a regional organization, is a member of the G20.

10. The G20 was created as a response to financial crises. Which international financial crises served as a catalyst for the establishment of the G20?
(a) The Dot-com Bubble (2000)
(b) The Asian Financial Crisis (1997)
(c) The Great Recession (2008)
(d) The Savings and Loan Crisis (1980s)

Ans.(b)
Sol. The Asian Financial Crisis of 1997 played a significant role in the establishment of the G20 as a forum for international economic cooperation.