21June MCQ : Current Affairs Quiz 21June 2023
In this article, we will discuss all the important Current Affairs MCQs of 21 June with full explanations. Where we will discuss the daily current affairs quiz’s questions and answers. So read all the important 21 June MCQs carefully.
Current Affairs Quiz / 21 June MCQ Current Affairs
21 June Current Affairs MCQ – Questions
1. Which of the following is a characteristic of a managed currency?
(a) Market-driven exchange rate fluctuations
(b) No intervention by the central bank or government
(c) Flexibility in international trade and investment
(d) Setting a target range for the exchange rate
2. What is the total number of new employees added under the ESI Scheme in April 2023?
(a) 8.37 lakh
(b) 17.88 lakh
(c) 3.53 lakh
(d) 30,249
3. What was the reason behind Moody’s downgrade of Bangladesh’s ratings?
(a) Excessive government borrowing and debt
(b) High inflation and weak economic performance
(c) Political instability and corruption
(d) Limited impact of sovereign bonds issuance
4. What is a free and floating currency?
(a) A currency with a fixed exchange rate determined by the central bank
(b) A currency whose value is determined by market forces
(c) A currency that is pegged to another currency
(d) A currency with no value or exchange rate
5. What does the gender-wise analysis of the payroll data reveal about female employee enrollment in April 2023?
(a) Decrease in female enrollment
(b) No change in female enrollment
(c) Increase in female enrollment
(d) No female employees registered
6. What is another name for the Jagannath Puri Rath Yatra?
(a) Diwali
(b) Holi
(c) Eid
(d) Gundicha Yatra
7. How long do Lord Jagannath, Lord Balabhadra, and Devi Subhadra stay at the Gundicha Temple during the Rath Yatra?
(a) 1 day
(b) 3 days
(c) 5 days
(d) 8 days
8. Apart from Bangladesh, which other countries have also dropped their fixed exchange rates this year?
(a) Pakistan, Egypt, and Lebanon
(b) India, Sri Lanka, and Myanmar
(c) Indonesia, Malaysia, and Thailand
(d) China, Japan, and South Korea
9. What is the primary reason behind the Centre’s decision to discontinue the sale of rice and wheat under the OMSS to state governments?
(a) To promote self-sufficiency in grain production
(b) To encourage private traders to participate in grain distribution
(c) To control rising prices and curb inflationary trends
(d) To increase revenue for the Food Corporation of India (FCI)
10. Which international lender demanded Bangladesh to float its currency in exchange for more funds?
(a) World Bank
(b) Asian Development Bank (ADB)
(c) International Monetary Fund (IMF)
(d) International Finance Corporation (IFC)
11. IndiGo’s recent order of 500 Airbus A320 family aircraft is:
(a) The largest-ever single aircraft purchase by any airline with Airbus.
(b) The second-largest aircraft purchase by IndiGo.
(c) Smaller than Air India’s recent order with Airbus and Boeing.
(d) Not significant in terms of the airline industry.
12. What is the projected Consumer Price Index (CPI) inflation for the fiscal year 2024 according to the RBI?
(a) 4.0%
(b) 4.5%
(c) 5.1%
(d) 5.5%
13. Which currency regime aims to stabilize import prices?
(a) Free and floating currency
(b) Managed currency
(c) Controlled currency
(d) Hybrid currency
14. Which states will continue to receive rice under the OMSS despite the discontinuation of sales to state governments?
(a) States with surplus grain production
(b) States with deficit regions
(c) Northeastern states
(d) All states will continue to receive rice
15. Which entity was penalized by Sebi for violating Mutual Fund regulations?
(a) Dinesh Gupta
(b) Rajesh Gupta HUF
(c) Nirmala Gupta
(d) Orix Corporation
21 June MCQs – Answers
1. (d)
In a managed currency system, the central bank sets a target range or band within which the exchange rate is allowed to fluctuate and intervenes when the rate approaches the boundaries of this range.
2. (b)
According to the provisional payroll data, 17.88 lakh new employees were added under the ESI Scheme in April 2023.
3. (b)
Moody’s downgraded Bangladesh’s ratings due to the country’s weakened economy, heightened external vulnerability, and liquidity risks, primarily caused by high inflation and weak economic performance.
4. (b)
A currency whose value is determined by market forces. In a free and floating currency system, the exchange rate is determined by supply and demand in the foreign exchange market.
5. (c)
The data indicates that the enrolment of net female members has been 3.53 lakh in April 2023, showing a positive increase in female employees.
6. (d)
The Jagannath Puri Rath Yatra is also known as Gundicha Yatra or Chariot Festival.
7. (d)
After reaching the Gundicha Temple, Lord Jagannath, Lord Balabhadra, and Devi Subhadra stay there for a period of eight days before returning to the Jagannath Temple, which is known as Bahuda Yatra.
8. (a)
Pakistan, Egypt, and Lebanon are among the countries that have dropped their fixed exchange rates this year.
9. (c)
The discontinuation of OMSS sales to state governments aims to stabilize market prices and prevent inflation while ensuring adequate stock levels in the central pool.
10. (c)
The International Monetary Fund (IMF) demanded that Bangladesh float its currency freely in order to unlock more money from the $4.7 billion loan program.
11. (a)
The largest-ever single aircraft purchase by any airline with Airbus. IndiGo’s order of 500 aircraft breaks the record for the largest-ever single aircraft purchase by any airline with Airbus.
12. (c)
The RBI projected the CPI inflation for the fiscal year 2024 to be around 5.1%.
13. (c)
A controlled currency regime aims to stabilize import prices by pegging the currency to a more stable foreign currency, allowing businesses to plan their transactions based on a predictable exchange rate.
14. (c)
Rice sales under the OMSS will continue for northeastern states, hilly regions, and states facing law and order situations or natural calamities.
15. (d)
Sebi imposed a fine of Rs 5 lakh on Orix Corporation for violating Mutual Fund regulations.
Connect with us on Social Media | |
 | Facebook Page |
 | Facebook Group |
 | |
 | Youtube Channel |
 | Telegram Channel |
Bidyasagar Classes Address
Plot No-N-6-325, Biju Patnaik College Road, Infront of SBI, Jayadev Vihar, Bhubaneswar
Website: www.bidyasagar.com
Opening and closing hours: Monday to Sunday: 7 AM-9PM
e-Mail : bidyasagar.classes@gmail.com
Contact No. : 8917265768; 9337421183, 8093021183
