1st December 2023 Current Affairs


Q1. What is the role of Siemens AG and Kyosan Electric Manufacturing Co in the deployment of the Kavach system?
(a) Upgrading existing railway networks
(b) Developing open-source technology
(c) Deploying advanced 4G and 5G technology
(d) Participating in radio surveys
(e) Approval of tenders

Sol. Siemens AG and Kyosan Electric Manufacturing Co are involved in the deployment, and the collaboration involves radio surveys.


Q2. What is the expected headline inflation in FY2025, according to Morgan Stanley?
(a) 3.5%
(b) 4.0%
(c) 4.5%
(d) 4.9%
(e) 5.5%

Sol. Morgan Stanley expects headline inflation to moderate to 4.9% in FY2025 from 5.4% in FY2024.


Q3. What is the current progress of Kavach deployment on the designated routes?
(a) 50% radio survey completed
(b) 75% radio survey completed
(c) 98% radio survey completed
(d) No progress reported
(e) Completion of installation on 5,000 km

Sol. The progress of Kavach deployment indicates that 98% of the radio survey on designated routes has been completed.


Q4. What is the anticipated financial impact of the benchmark switch on Indian equity markets?
(a) A $1.2 billion outflow
(b) A $3.6 billion inflow
(c) No significant change in financial dynamics
(d) A decrease in foreign portfolio investments
(e) A shift in focus towards Indian debt markets

Sol. Analysts project a substantial $3.6 billion inflow into Indian equity markets as a result of the benchmark switch.


Q5. What does Goldman Sachs anticipate for India’s equity market in terms of earnings growth over the next two years?
(a) Double-digit decline
(b) Single-digit decline
(c) Mid-teens growth
(d) No change
(e) High single-digit growth

Sol. Goldman Sachs expects mid-teens earnings growth in India over the next two years.


Q6. What is the current status of foreign portfolio investments in Indian equities for the calendar year?
(a) A net outflow of funds
(b) Approximately ₹96,340 crore invested
(c) A decrease compared to the previous year
(d) No significant foreign investor interest
(e) A focus on Indian debt instruments

Sol. Foreign portfolio investors have injected approximately ₹96,340 crore into Indian equities this calendar year.


Q7. What is the women’s labor force participation rate in the second quarter of FY24?
(a) 21.7%
(b) 22.5%
(c) 23.2%
(d) 24%
(e) 25.5%

Sol. The women’s labor force participation rate rose to its highest level of 24% in Q2FY24.


Q8. What is the projected economic growth rate for India in the second quarter of FY24?
(a) 6.5%
(b) 6.7%
(c) 7.2%
(d) 8%
(e) 5.5%

Sol. The Indian economy is likely to have slowed down in the second quarter, growing 6.7%.


Q9. When will the mandatory blending of compressed biogas with natural gas commence, according to the government’s announcement?
(a) April 2023
(b) April 2025
(c) January 2024
(d) July 2026
(e) October 2027

Sol. April 2025. The phased introduction is set to begin in April 2025.


Q10. How long has the government decided to extend the PMGKAY scheme?
(a) Two years
(b) Three years
(c) Four years
(d) Five years
(e) Six years

Sol. The government has decided to extend the PMGKAY scheme for another five years from January 1, 2024.


Q11. What is the estimated cost of the five-year extension of PMGKAY for the exchequer?
(a) ₹5.8 lakh crore
(b) ₹7.2 lakh crore
(c) ₹9.5 lakh crore
(d) ₹11.80 lakh crore
(e) ₹14.2 lakh crore

Sol. The estimated cost of the extension is approximately ₹11.80 lakh crore over the next five years.


Q12. What is the OECD’s growth projection for India in FY25?
(a) 6.3%
(b) 6.1%
(c) 6.5%
(d) 7.0%
(e) 5.8%

Sol. The OECD anticipates a slowdown in the Indian economy, projecting a growth rate of 6.1% for FY25 due to adverse weather conditions and a weakened global economic outlook.


Q13. Who is the Director of Institute of Rural Management Anand (IRMA)?
(a) Munish Sharda
(b) Umakant Dash
(c) Amitabh Chaudhry
(d) Rajiv Anand
(e) None of the above

Sol. Dr. Umakant Dash is the Director of IRMA.


Q14. What is the total outlay approved for the Pradhan Mantri Janjati Adivasi Nyaya Maha Abhiyan (PM-JANMAN)?
(a) Rs 18,532 crore
(b) Rs 22,456 crore
(c) Rs 24,104 crore
(d) Rs 20,678 crore
(e) Rs 15,336 crore

Sol. The Union Cabinet has approved a substantial total outlay of Rs 24,104 crore for PM-JANMAN, reflecting a significant commitment to uplift Particularly Vulnerable Tribal Groups (PVTGs).


Q15. How many Particularly Vulnerable Tribal Groups (PVTGs) have been identified under the PM-JANMAN?
(a) 20
(b) 50
(c) 75
(d) 100
(e) 30

Sol. Seventy-five PVTGs spread across 18 states and the Union Territory of Andaman and Nicobar Islands have been identified for focused attention under the PM-JANMAN.
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