11June MCQ : Current Affairs Quiz 11June 2023
In this article, we will discuss all the important Current Affairs MCQs of 11 June with full explanations. Where we will discuss the daily current affairs quiz’s questions and answers. So read all the important 11 June MCQs carefully.
Current Affairs Quiz / 11 June MCQ Current Affairs
11 June Current Affairs MCQ – Questions
1. What action did the RBI take to address the surplus liquidity situation?
(a) Conducted variable rate reverse repo (VRR) auctions
(b) Decreased the repo rate
(c) Increased the repo rate
(d) Decreased the marginal standing facility (MSF) rate
2. How did Cyclone Biparjoy get its name?
(a) The India Meteorological Department (IMD) named it
(b) The World Meteorological Organization (WMO) named it
(c) Bangladesh named it, following the WMO’s naming protocol
(d) Pakistan named it, following the WMO’s naming protocol
3. India’s internet economy is projected to reach ____ by 2030, showing substantial growth from $175 billion in 2022, as per a joint report by Google, Temasek, and Bain & Company.
(a) $500 billion
(b) $750 billion
(c) $1 trillion
(d) $1.5 trillion
4. Which of the following is not a characteristic of a tropical cyclone?
(a) Eye
(b) Eyewall
(c) Spiral bands
(d) Cumulus clouds
5. According to Mercer’s Cost of Living survey, which city in India is identified as the most expensive for expatriates?
(a) Mumbai
(b) New Delhi
(c) Bengaluru
(d) Chennai
6. Which states will witness the expansion of AirJaldi Networks under the ‘Contentful Connectivity’ program?
(a) Tamil Nadu, Gujarat, and Rajasthan.
(b) Telangana, Chhattisgarh, and Odisha.
(c) Karnataka, Maharashtra, and Punjab.
(d) Uttar Pradesh, Bihar, and West Bengal.
7. As the world enters an El Niño phase countries are bracing themselves for extreme weather events. What is El Niño?
(a) A climate pattern characterized by cooler waters in the eastern Pacific
(b) A climate pattern characterized by warmer waters in the eastern Pacific
(c) A climate pattern characterized by stronger trade winds
(d) A climate pattern characterized by increased rainfall in the Atlantic Ocean
8. What was the outcome of the RBI Monetary Policy meeting held in June 2023?
(a) Repo rate increased by 0.25%
(b) Repo rate decreased by 0.25%
(c) Repo rate remained unchanged at 6.5%
(d) Repo rate was not mentioned in the meeting
9. Which naval exercise is conducted between the Indian Navy and the UAE Navy?
(a) Exercise Shakti
(b) Exercise Varuna
(c) Naseem-Al-Bahr
(d) Gulf Star
10. Which endangered marine mammal is the main attraction of the Gulf of Mannar Marine National Park?
(a) Dugong
(b) Dolphin
(c) Sea turtle
(d) Whale shark
11. The Reserve Bank of India (RBI) has taken a significant step to enhance the trade receivables discounting system (TReDS) by allowing insurance companies to participate as stakeholders. Under the expanded TReDS guidelines, who can participate as financiers?
(a) Banks and NBFC-Factors only
(b) Insurance companies only
(c) Entities permitted under the Factoring Regulation Act (FRA) and its rules
(d) MSMEs
12. What company has recently received regulatory approval from IRDAI to enter the life insurance business in India?
(a) Fairfax Group
(b) Go Digit General Insurance
(c) Go Digit-Life Insurance Limited
(d) Securities and Exchange Board of India
13. The _______ has recently unveiled a groundbreaking strategic pact known as the “Atlantic Declaration.” This agreement reaffirms their longstanding “special relationship” and outlines a joint effort to tackle challenges posed by Russia, China, and economic instability.
(a) United States and China
(b) United Kingdom and Russia
(c) United States and United Kingdom
(d) China and Russia
14. What is the primary purpose of TReDS platforms?
(a) Facilitating financing for large corporations
(b) Improving cash flows for insurance companies
(c) Ensuring a steady supply of goods for buyers
(d) Enhancing cash flows for MSMEs
15. How many insurers are currently operating in the Indian life insurance segment following the approval of Go Digit-Life Insurance?
(a) 22
(b) 24
(c) 26
(d) 28
11 June MCQs – Answers
1. (a)
To address the surplus liquidity situation, the RBI conducted several variable rate reverse repo (VRR) auctions.
2. (c)
The name Biparjoy was given to the cyclone by Bangladesh, following the World Meteorological Organization’s (WMO) naming protocol.
3. (c)
The joint report by Google, Temasek, and Bain & Company projects that India’s internet economy will reach $1 trillion by 2030.
4. (d)
Cumulus clouds are not a characteristic of a tropical cyclone. Tropical cyclones are typically characterized by an eye, eyewall, spiral bands, and rainbands.
5. (a)
According to Mercer’s Cost of Living survey, Mumbai has been identified as the most expensive city for expatriates in India. The survey analyzed 227 cities across five continents to determine the cost of living for ex-pats. Following Mumbai, New Delhi, and Bengaluru ranked second and third respectively on the list.
6. (b)
Telangana, Chhattisgarh, and Odisha, as part of the program, AirJaldi Networks will expand its network to these three states, increasing the number of network locations and providing internet access to underserved beneficiaries in these regions.
7. (b)
El Niño is a climate pattern characterized by unusually warm waters in the eastern Pacific Ocean near the equator.
8. (c)
The Monetary Policy Committee (MPC) has announced that it will maintain the repo rate at 6.5%.
The Standing Deposit Facility Rate remains at 6.25%, while the Marginal Standing Facility Rate and Bank Rate remain unchanged at 6.75%.
9. (c)
Naseem-Al-Bahr is a bilateral naval exercise between the Indian Navy and the UAE Navy. which aims to enhance maritime security, promote cooperation in anti-piracy operations, and strengthen naval ties between the two nations.
10. (a)
The Gulf of Mannar Marine National Park is known for its population of the endangered marine mammal, the Dugong.
11. (c)
The RBI has expanded the pool of financiers by allowing all entities/institutions allowed to undertake factoring business under the FRA and its rules to participate as financiers on TReDS platforms.
12. (c)
Go Digit Life Insurance Limited, the company backed by the Fairfax Group has obtained approval from IRDAI to carry out life insurance operations in India.
13. (c)
The “Atlantic Declaration” was announced jointly by the leaders of the United States and the United Kingdom to reinforce their strategic partnership.
14. (d)
TReDS platforms were introduced by the RBI with the objective of facilitating the financing of trade receivables for Micro, Small, and Medium Enterprises (MSMEs) to improve their cash flows.
15. (c)
With the addition of Go Digit-Life Insurance, the number of insurers in the Indian life insurance market has increased to 26.
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