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Daily Quiz on Current Affairs by Gkseries – 9 June 2023

________ is the repo rate announced by the RBI in the June 2023 Monetary Policy meeting?

(a) 6.0%(b) 6.25%(c) 6.5%(d) 6.75% Ans.(c)Sol. The RBI Monetary Policy meeting is held for June 2023. The Reserve Bank of India (RBI) declared its second instance of maintaining the interest rates at the same level, indicating successful outcomes from RBI monetary policy measures. RBI Governor Shaktikanta Das announced that the repo rate would remain unchanged at […]

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How does the PM KUSUM Scheme aim to finance solar projects on agricultural land?

(a) Through grants from international organizations(b) By linking the scheme to the Agriculture Infrastructure Fund(c) Through contributions from the farmers’ cooperative societies(d) By attracting private investors in the renewable energy sector Ans.(b)Sol. The PM KUSUM Scheme aims to tap into the Agriculture Infrastructure Fund to provide farmers with cheaper loans for setting up solar projects

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___________ is the projected GDP growth rate for India in the fiscal year 2023-24, according to the RBI in its recent Monetary Policy?

(a) 6.0%(b) 6.2%(c) 6.5%(d) 6.8% Ans.(c)Sol. The RBI projected the GDP growth rate for India in the fiscal year 2023-24 to be 6.5%.

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Which of the following regulatory body in India is responsible for enforcing Foreign Exchange Management Act (FEMA)?

(a) Securities and Exchange Board of India (SEBI)(b) Reserve Bank of India (RBI)(c) Ministry of Finance(d) Securities Appellate Tribunal (SAT) Ans.(b)Sol. RBI is the regulatory body responsible for enforcing FEMA and ensuring compliance with its provisions.

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The famous song ‘Raghupati Raghav Raja Ram’ was sung during the Dandi March by the

Q. The famous song ‘Raghupati Raghav Raja Ram’ was sung during the Dandi March by the renowned musician (a) Mallikarjun Mansur (b) Krishna Rao Shankar Pandit (c) Onkar Nath Thakur (d) Digambar Vishnu Paluskar. Ans: (d) Digambar Vishnu Paluskar. Explanation: The famous song ‘Raghupati Raghav Raja Ram’ was sung during the Dandi March by Digambar

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The English weekly edited by Mahatma Gandhi was

Q. The English weekly edited by Mahatma Gandhi was (a) Kesari (b) Comrade (c) Mumbai Chronicle (d) Young India. Ans: (d) Young India. Explanation: The English weekly edited by Mahatma Gandhi was (d) Young India. Young India was a newspaper published in English and was started by Mahatma Gandhi in 1919. It played a significant

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The Congress ministers that had been appointed in several pronvinces in 1937, resigned in November

Q. The Congress ministers that had been appointed in several pronvinces in 1937, resigned in November, 1939, in protest against the (a) refusal of the British government to grant independence to India. (b) British policy of repression. (c) participation of India in the Second World War, without consulting the Indian National Congress. (d) interference of

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Who among the following drafted the resolution of fundamental right for the Karachi session

Q. Who among the following drafted the resolution of fundamental right for the Karachi session of Congress in 1931? (a) Dr B. R. Ambedkar (b) Pandit Jawaharlal Nehru (c) Dr. Rajendra Prasad (d) Sardar Vallabhbhai Patel Ans: (b) Pandit Jawaharlal Nehru Explanation: The resolution on fundamental rights for the Karachi session of the Congress in

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Gandhi raised the slogan ‘do or die’ during the

Q. Gandhi raised the slogan ‘do or die’ during the (a) Khilafat Movement (b) Non-Cooperation Movement (c) Quit India Movement (d) Dandi March. Ans: (c) Quit India Movement Explanation: Gandhi raised the slogan “do or die” during the Quit India Movement. The Quit India Movement, also known as the August Movement, was a major civil

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The Reserve Bank of India (RBI) has recently updated its ‘Alert List’ to caution the public about unauthorised forex trading platforms. How many new entities were added to the RBI’s ‘Alert List’ in the recent update?

(a) Four(b) Six(c) Eight(d) Ten Ans.(c)Sol. In the recent update, the RBI added eight new entities to the ‘Alert List.’ This brings the total number of entities on the list to 56.

The Reserve Bank of India (RBI) has recently updated its ‘Alert List’ to caution the public about unauthorised forex trading platforms. How many new entities were added to the RBI’s ‘Alert List’ in the recent update? Read More »