2nd December 2023 Current Affairs

Q1. What is the primary goal of the Amplifi 2.0 portal launched by the Union Ministry of Housing and Urban Affairs in India?
(a) Promoting Rural Infrastructure
(b) Centralizing Data for Urban Development
(c) Enhancing Agricultural Practices
(d) Encouraging Tourism Initiatives
(e) Facilitating Health Services

Sol. The primary goal of the Amplifi 2.0 portal is to centralize and streamline raw data from cities across India for effective urban development.


Q2. What did the Reserve Bank of India (RBI) state in response to the rising inflation?
(a) It will take no action.
(b) It will reduce the fiscal deficit.
(c) It will raise interest rates if conditions require.
(d) It will introduce new currency notes.
(e) It will lower interest rates immediately.

Sol. The RBI stated that it would be ready to take action, including raising interest rates, if conditions warrant such measures in response to the rising inflation.


Q3. What is the significance of December 1, 1963, in Nagaland’s history?
(a) Foundation Day
(b) Cultural Day
(c) Republic Day
(d) Independence Day
(e) Statehood Day

Sol. December 1, 1963, marks the Statehood Day of Nagaland when it became the 16th state of the Union of India.


Q4. Which international organization’s commitment aligns with the initiative for gender equality in the aviation sector?
(a) International Civil Aviation Organization (ICAO)
(b) World Health Organization
(c) International Monetary Fund
(d) United Nations
(e) World Trade Organization

Sol. The initiative aligns with ICAO’s commitment to promote the participation of women in the global aviation domain and achieve a gender ratio of 50-50 by 2030.


Q5. What is the fiscal deficit as a percentage of the targeted amount for the 2023-24 financial year in India as of October 2023?
(a) 40.2%
(b) 42.8%
(c) 45.0%
(d) 50.1%
(e) 47.5%

Sol. The fiscal deficit has reached 45% of the targeted amount of Rs 17.87 trillion for FY24.


Q6. What is India’s long-term naval strategy amid heightened regional competition?
(a) To possess 160 warships by 2030 and 175 by 2035
(b) To focus on land-based defense
(c) To engage in unilateral disarmament
(d) To reduce its naval presence
(e) None of the above

Sol. India aims to have 160 warships by 2030 and 175 by 2035, reflecting its commitment to modernize naval capabilities amid growing regional competition.


Q7. What is a key feature of the new aircraft carrier being acquired by India?
(a) It is powered by nuclear energy
(b) It has a displacement of 20,000 tons
(c) None of the above
(d) It can accommodate at least 28 fighter jets and helicopters
(e) It can hold at least 10 fighter jets

Sol. The new aircraft carrier is designed to accommodate a substantial air wing, with a capacity for at least 28 fighter jets and helicopters.


Q8. Which states in India have ongoing Foxconn projects?
(a) Tamil Nadu and Kerala
(b) Uttar Pradesh and Bihar
(c) Maharashtra and Gujarat
(d) Rajasthan and Punjab
(e) Karnataka and Telangana

Sol. Foxconn has projects in Karnataka and Telangana states.


Q9. How much financial assistance will be provided by the National Disaster Response Fund (NDRF) for the recovery and reconstruction plan in Joshimath?
(a) ₹999.99 crore
(b) ₹800.45 crore
(c) ₹1079.96 crore
(d) ₹1500.00 crore
(e) ₹500.75 crore

Sol. ₹1079.96 crore. The NDRF will contribute this amount as central assistance through the Recovery and Reconstruction window.


Q10. Which industry contributes the most to the combined Index of Eight Core Industries (ICI)?
(a) Refinery Products
(b) Coal
(c) Steel
(d) Natural Gas
(e) Electricity

Sol. While all eight industries contribute, Electricity has the highest weight (19.85%) in the ICI.


Q11. What is the primary purpose of a windfall tax in the context of the energy sector?
(a) To incentivize companies to explore new resources
(b) To encourage companies to generate higher profits
(c) To regulate excessive profits during favorable market conditions
(d) To increase government revenue from all industries
(e) To prevent companies from earning any profits

Sol. A windfall tax is designed to regulate excessive profits that companies may earn during favorable market conditions. It aims to ensure a fair distribution of wealth and prevent profiteering.


Q12. What was the GDP growth rate for India in the July-September quarter of FY24?
(a) 5.2%
(b) 7.9%
(c) 7.6%
(d) 9.5%
(e) 8.3%

Sol. India’s GDP grew at an impressive rate of 7.6% in the July-September quarter of FY24, showcasing a robust economic performance.


Q13. What impact does the expected nominal GDP growth rate for the current year have on states’ debt/GSDP ratio?
(a) It will decrease the ratio significantly
(b) It will cause the ratio to fluctuate unpredictably
(c) It could result in a higher debt/GSDP ratio
(d) It will have no impact on the ratio
(e) It might lead to a lower debt/GSDP ratio

Sol. The report indicates that despite recent double-digit nominal GDP growth, the anticipated growth for the current year might not be as high, which could impact the debt/GSDP ratio of states.


Q14. Which industry experienced the highest growth rate in cumulative production during April to October 2023-24?
(a) Coal
(b) Fertilizers
(c) Steel
(d) Electricity
(e) Natural Gas

Sol. The Steel industry exhibited the highest cumulative growth rate of 14.5% during April to October 2023-24.


Q15. Which states contribute to nearly half of all tax returns filed by FY22, as highlighted by the SBI Research study?
(a) Bihar, Jharkhand, Odisha, Chhattisgarh, Assam
(b) Tamil Nadu, Kerala, Karnataka, Andhra Pradesh, Telangana
(c) Delhi, Haryana, Punjab, Uttarakhand, Himachal Pradesh
(d) Madhya Pradesh, Rajasthan, Uttar Pradesh, Bihar, West Bengal
(e) Maharashtra, Uttar Pradesh, Gujarat, Rajasthan, West Bengal

Sol. The SBI Research study identifies Maharashtra, Uttar Pradesh, Gujarat, Rajasthan, and West Bengal as the states that contribute to nearly half of all tax returns filed by FY22.
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