17December MCQ : Current Affairs Quiz 17December 2023
In this article, we will discuss all the important Current Affairs MCQs of 17 December with full explanations. Where we will discuss the daily current affairs quiz’s questions and answers. So read all the important 17 December MCQs carefully.
Current Affairs Quiz / 17 December MCQ Current Affairs
17 December Current Affairs MCQ – Questions
1. Why did the State Bank of India (SBI) invest ₹49.99 crore in Canpac Trends?
(a) To support social initiatives
(b) For capital appreciation in the paper packaging sector
(c) To acquire real estate properties
(d) To fund research and development
2. What led to the monetary penalty on Pune Merchants Co-operative Bank Limited, Pune?
(a) Neglecting to classify certain accounts as Non-Performing Assets (NPA)
(b) Non-compliance with prudential inter-bank gross exposure limit
(c) Violation of customer privacy
(d) Failure to conduct an annual review of inoperative/dormant accounts
3. What is the name of IBM’s latest quantum processor that boasts 1,121 qubits?
(a) Quantum Leap
(b) Honeycomb
(c) Condor
(d) Qubit Milestone
4. Why did the Reserve Bank of India (RBI) impose a monetary penalty on Indapur Urban Co-operative Bank Ltd?
(a) Violation of customer privacy
(b) Failure to report credit information
(c) Non-compliance with prudential inter-bank gross exposure limit
(d) Delayed fund transfer to the Depositor Education and Awareness Fund
5. Who is the founder of Krutrim SI Designs, the new AI venture focused on the Indian ecosystem?
(a) Sundar Pichai
(b) Bhavish Aggarwal
(c) Ratan Tata
(d) Nandan Nilekani
6. What is the primary reason for the RBI’s decision to retain the policy stance as ‘withdrawal of accommodation’?
(a) To encourage higher borrowing
(b) Due to a decrease in inflation
(c) Concerns about potential upside risks to inflation
(d) To stimulate economic growth
7. What is the primary focus of the collaboration between IDFC FIRST Bank, LIC Cards, and Mastercard?
(a) Launching a new insurance product
(b) Introducing co-branded credit cards
(c) Expanding ATM services
(d) Implementing a digital payment platform
8. What was the change in deposits for Indian scheduled banks by December 1, 2023?
(a) Increased by ₹2,30,727 crore
(b) Decreased by ₹60,496 crore
(c) Remained unchanged
(d) Increased by ₹1,50,000 crore
9. What is the function of the Cash Reserve Ratio (CRR) in the Indian banking system?
(a) To regulate consumer credit
(b) To determine the Bank Rate
(c) To influence overnight liquidity absorbed by RBI
(d) To control liquidity in the banking system
10. What does EODES stand for?
(a) Electronic Origin Data Exchange System
(b) India-Korea Customs Collaboration
(c) Comprehensive Economic Partnership Agreement
(d) Efficient Origin Documentation System
11. How much did the trade deficit narrow in November 2023?
(a) $18.58 billion
(b) $19.58 billion
(c) $20.58 billion
(d) $21.58 billion
12. What was the percentage decline in India’s merchandise exports in November 2023?
(a) 1.83%
(b) 2.83%
(c) 3.83%
(d) 4.83%
13. Who played a key role in developing the Autonomous Flying Wing Technology Demonstrator?
(a) ISRO
(b) HAL
(c) ADE under DRDO
(d) IAF
14. Where will the Sammakka Sarakka Central Tribal University be established following the Indian Parliament’s approval?
(a) Andhra Pradesh
(b) Odisha
(c) Karnataka
(d) Telangana
15. What is the RBI’s projected GDP growth for the fiscal year 2023-24?
(a) 6%
(b) 7%
(c) 8%
(d) 5%
17 December MCQs – Answers
1. (b)
SBI’s investment in Canpac Trends is driven by the objective of capital appreciation in the paper packaging industry.
2. (d)
Pune Merchants Co-operative Bank Limited faced a penalty for failing to conduct an annual review of inoperative/dormant accounts.
3. (c)
IBM’s latest quantum processor with 1,121 qubits is named Condor.
4. (c)
Indapur Urban Co-operative Bank Ltd faced a penalty for non-compliance with the prudential inter-bank gross exposure limit.
5. (b)
Bhavish Aggarwal, co-founder of Ola, founded Krutrim SI Designs.
6. (c)
The ‘withdrawal of accommodation’ policy stance is retained due to concerns about potential upside risks to inflation, especially in the context of rising food prices.
7. (b)
The collaboration aims to introduce co-branded credit cards to meet the dynamic financial needs of India.
8. (a)
Deposits experienced an impressive growth of ₹2,30,727 crore during this period.
9. (d)
CRR mandates banks to maintain a daily balance with RBI, influencing liquidity in the banking system.
10. (a)
EODES stands for Electronic Origin Data Exchange System, facilitating efficient data exchange between Indian and Korean customs for goods under the CEPA.
11. (c)
The trade deficit showed a positive trend, narrowing to $20.58 billion in November 2023.
12. (b)
India witnessed a 2.83% decline in merchandise exports, totaling $33.90 billion in November 2023.
13. (c)
The Aeronautical Development Establishment (ADE) under DRDO led the development of the technology demonstrator.
14. (d)
The Sammakka Sarakka Central Tribal University will be established in Telangana.
15. (b)
The MPC projects a GDP growth of 7% for the fiscal year 2023-24.
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
