Daily Quiz on Current Affairs by Gkseries – 7 September 2023
Daily Quiz on Current Affairs 7 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 ICRA Ratings’ forecast for India’s GDP growth in the first quarter (Q1) of fiscal year 2023-24 (FY24)?
(a) 7.2%
(b) 8.5%
(c) 9.0%
(d) 6.8%
Ans.(b)
Sol. ICRA Ratings projects a GDP growth of 8.5% in Q1 FY24 due to a supportive base and a recovery in the services sector.
2. Which of the following state led the microfinance sector in terms of Assets under Management (AUM)?
(a) Maharashtra
(b) Bihar
(c) Kerala
(d) Gujarat
Ans. (b)
Sol. Bihar emerged as the leader in the microfinance sector, holding about 15% market share of Assets under Management (AUM).
3. What is the name of the co-branded hotel credit card launched by HDFC Bank and Marriott Bonvoy?
(a) HDFC Bonvoy Card
(b) Marriott HDFC Travel Card
(c) Marriott Bonvoy HDFC Bank Credit Card
(d) HDFC Marriott Rewards Card
Ans.(c)
Sol. The co-branded hotel credit card launched is named “Marriott Bonvoy HDFC Bank Credit Card,” representing the collaboration between HDFC Bank and Marriott Bonvoy.
4. Which of the following states or union territories have achieved 100% tap water coverage under the JJM?
(a) Goa and Telangana
(b) Haryana and Gujarat
(c) Punjab and Himachal Pradesh
(d) Daman & Diu and Dadra & Nagar Haveli
(e) All of the above
Ans.(e)
Sol. Several states and union territories, including Goa, Telangana, Haryana, Gujarat, Punjab, Himachal Pradesh, Daman & Diu, and Dadra & Nagar Haveli, have achieved 100% tap water coverage, highlighting the mission’s widespread impact.
5. What major expansion has the RBI announced regarding the UPI system?
(a) Inclusion of international transactions
(b) Allowing transactions using pre-sanctioned credit lines
(c) Introduction of a new digital currency
(d) Offering interest-free loans through UPI
S4. Ans.(b)
Sol. The RBI has expanded the UPI system to include transactions using pre-sanctioned credit lines issued by banks. This significant development enables users to make digital transactions using credit lines that have been pre-approved by scheduled commercial banks, providing greater financial flexibility.
6. ____________ was the percentage of microfinance loans held by standalone MFIs in FY23?
(a) 30%
(b) 35%
(c) 40%
(d) 45%
S5. Ans.(c)
Sol. In FY23, standalone MFIs held a 40% share of microfinance loans, marking their resurgence in the industry after a four-year period.
7. Which of the following state is the Yadadri Thermal Power Station located in?
(a) Maharashtra
(b) Telangana
(c) West Bengal
(d) Karnataka
S6. Ans.(b)
Sol. The Yadadri Thermal Power Station is located in Telangana. It is where the first set of indigenously manufactured SCR Catalysts from BHEL were flagged off.
8. __________ was the Jal Jeevan Mission (JJM) launched in India?
(a) August 15, 2019
(b) August 15, 2020
(c) August 15, 2021
(d) August 15, 2023
S2. Ans.(a)
Sol. August 15, 2019. The Jal Jeevan Mission was launched on India’s 73rd Independence Day in 2019. This mission aims to provide tap water connections to rural households across the country.
9. What percentage of the retail digital payments volume in India does the UPI system currently handle?
(a) 25%
(b) 50%
(c) 75%
(d) 100%
S7. Ans.(c)
Sol. The UPI system handles 75% of the retail digital payments volume in India. This statistic underscores the dominant role of UPI in the Indian digital payments landscape, highlighting its widespread usage and acceptance among consumers and businesses.
10. _________ is the primary pollutant that SCR Catalysts aim to reduce?
(a) Carbon monoxide (CO)
(b) Sulfur dioxide (SO2)
(c) Particulate matter (PM)
(d) Nitrogen oxide (NOx)
S10. Ans.(d)
Sol. SCR Catalysts are designed to reduce nitrogen oxide (NOx) emissions, which are major pollutants generated during the combustion of coal in thermal power plants.