Current Affairs (16/August/2023)
Q1. What is the main objective of the Vishwakarma Yojana announced by Prime Minister Narendra Modi? (a) Promoting modern technologies in traditional crafts (b) Empowering traditional artisans with financial support (c) Enhancing India’s digital infrastructure (d) Supporting urban artisans exclusively (e) Encouraging entrepreneurship among youth Answer: b Q2. 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 (e) Rs 20,000 crore Answer: d Q3. What is the interest rate for loans provided to artisans under the Vishwakarma Yojana in its initial phase? (a) 2% (b) 3% (c) 4% (d) 5% (e) 6% Answer: d Q4. What did the Reserve Bank of India (RBI) state in response to the rising inflation? (a) It will lower interest rates immediately. (b) It will take no action. (c) It will raise interest rates if conditions require. (d) It will introduce new currency notes. (e) It will reduce the fiscal deficit. Answer: c Q5. Who among the following is NOT a member of the committee established by the DGCA? (a) Survita Saxena (b) R P Kashyap (c) Pavan Malviya (d) Kavita Singh (e) Radha Bhatia Answer: e Q6. Which international organization’s commitment aligns with the initiative for gender equality in the aviation sector? (a) United Nations (b) World Health Organization (c) International Monetary Fund (d) International Civil Aviation Organization (ICAO) (e) World Trade Organization Answer: d Q7. What is the purpose of the USD 40.5 million loan sanctioned by the Asian Development Bank (ADB) for Meghalaya? (a) Infrastructure development in urban areas (b) Promoting tourism in the region (c) Strengthening early childhood development and maternal mental health (d) Enhancing transportation networks within the state (e) Supporting agricultural initiatives Answer: c Q8. Which states contribute to nearly half of all tax returns filed by FY22, as highlighted by the SBI Research study? (a) Tamil Nadu, Kerala, Karnataka, Andhra Pradesh, Telangana (b) Maharashtra, Uttar Pradesh, Gujarat, Rajasthan, West Bengal (c) Delhi, Haryana, Punjab, Uttarakhand, Himachal Pradesh (d) Bihar, Jharkhand, Odisha, Chhattisgarh, Assam (e) Madhya Pradesh, Rajasthan, Uttar Pradesh, Bihar, West Bengal Answer: b Q9. Which state secured the top position in the Fiscal Health Report? (a) Punjab (b) Maharashtra (c) Chhattisgarh (d) Kerala (e) Rajasthan Answer: b Q10. What is the specialized savings account introduced by Canara Bank aimed at pensioners and those nearing retirement called? (a) Canara Golden Age (b) Canara Prosperity Plus (c) Canara Retirement Flex (d) Canara Jeevan Dhara (e) Canara Senior Saver Answer: d Q11. What impact does the expected nominal GDP growth rate for the current year have on states’ debt/GSDP ratio? (a) It will decrease the ratio significantly. (b) It will have no impact on the ratio. (c) It might lead to a lower debt/GSDP ratio. (d) It could result in a higher debt/GSDP ratio. (e) It will cause the ratio to fluctuate unpredictably. Answer: d Q12. What is the range of enhanced interest rates provided on savings account balances in the Canara Jeevan Dhara account? (a) 2.50% – 3.50% (b) 2.90% – 4.00% (c) 3.00% – 4.25% (d) 3.25% – 4.50% (e) 3.50% – 4.75% Answer: b