Questions and Answers on Current Affairs, December 06, 2023

The Indian Navy’s ranks, the Services Purchasing Managers’ Index (PMI), China’s new financial risk management, and the average monthly GST collection are all covered in this December 06 Current Affairs Quiz.

Author: Sumit Arora Originally published on December 6, 2023

Questions and Answers on Current Affairs 06 December 2023_20.1 Contents Table
December 06, 2023 Questions and Answers on Current Affairs: The current affairs questions and answers for December 6, 2023 are available here. These kinds of subjects are crucial for applicants getting ready for the 2023 Bank Exam. The following subjects are covered in this article: Headlines:

The ranks of the Indian Navy
The PMI (Purchasing Managers’ Index) for services
The new financial risk management in China
Average amount of GST collected each month
INS Sandhayak
December 06, 2023 Current Affairs Quiz
In a competitive exam, the Current Affairs 2023 section plays a crucial role and makes up a significant portion of the General Awareness section.

We are offering you this 06th December Current Affairs 2023 Quiz to help you prepare more for the General Awareness Section of the upcoming exams, such as the SBI PO Mains, SEBI Grade A Prelims, and IBPS PO/Clerk Mains. The topics covered in this quiz are as follows.

Headlines: Average monthly GST collection, China’s new financial risk management, INS Sandhayak, the ranks of the Indian Navy, and the Services Purchasing Managers’ Index (PMI).

Q1. How much faster is India’s GDP expected to grow than China by 2026, according to S&P Global Ratings?

(A) 6.4% (b), 7.0% (c), and 4.6% (d) 5.4% (e) 6.9%

Q2. What announcements did PM Modi make about the ranks of the Indian Navy?

Navy rank reductions, renaming of ranks to reflect Indian culture, the introduction of new uniform designs, an increase in naval officer pay, or none of the aforementioned

Q3. What information does November’s Services Purchasing Managers’ Index (PMI) provide about the services industry in India?

(a) Reached a record-breaking height (b) Did not change (c) reached a low point of 56.9 after a year (d) For the first time in 28 months, contracted (e) Surging to 60.0

Q4. What is the main objective of China’s recently implemented provincial-level financial risk management strategy?

One Province, One Policy (b) Uniform Policies
(c) International Business
Coordinated Decision-Making (d) and Regional Autonomy (e)

Q5. From July to September of 2023, which Indian state had the highest rate of urban youth unemployment?

(a) Jammu & Kashmir (b) Gujarat (c) Rajasthan (d) Delhi (e) The Himalayan Region

Q6: In India’s urban areas, what is the overall rate of youth unemployment from July to September of 2023?
22.9% (a), 15.5% (b), 17.3% (c), 7.1% (d), and 33.9%

Q7: In the given quarter, which state has the lowest rate of urban youth unemployment?
Delhi, Gujarat, Rajasthan, Jammu & Kashmir, and so on
Himachal Pradesh (e)

Q8. According to the Crisil report, what is the anticipated percentage increase in capital expenditure for the 18 biggest states in India in FY24?
(a) 10–12%
(b) 15–17%
(c) 18–20%
(d) 22–25%
(e) 28–30%

Q9. In FY 2023–2024, what is the average monthly GST collection?
(A) 1.50 trillion (c) and Rs 1.23 trillion (b) 1.66 trillion rupees (d) 1.87 trillion rupees (e) Two trillion rupees

Q10. As of October 31, 2023, how many tax demand appeals are still pending?
9,000 (a), 11,899 (b), 14,000 (c), 14,897 (d), and 16,000

Q11. Aside from big cities, which important region is seeing a significant demand for housing?
(a) States in the North
States in the East (b) and the West (c)
(d) States in the South
(e) States in the centre

Q12. On December 4, Bharti Airtel reached what milestone, becoming the eighth Indian company to do so?
One lakh crore (a) or two lakh crores (b)
(c) Four lakh rupees
(d) Six lakh crore rupees
(e) Eight lakh rupees

Q13: What is the main cause of the recent economic boom in India?
Sectors: (a) Information Technology; (b) Manufacturing; (c) Agriculture; (d) Construction; (e) Tourism

Q14: What is the additional significance of the completion of INS Sandhayak, and when was it launched?
(a) Commenced on Navy Day; represents the accomplishments of the Indian Navy
(b) Deployed on Independence Day, symbolising liberty and maritime strength; (c) Deployed on Republic Day, signifying the country’s commitment to progress in the maritime domain
(d) Debuting on Diwali, it represents the illumination festival in naval architecture.
(e) Introduced during Holi, symbolising the hues of nautical variety

Q15: What is the main objective of the Bihar government’s afforestation efforts, which will be recognised internationally at COP-28?

Urban development initiatives, water management techniques, renewable energy projects, healthcare initiatives, and educational reforms are the first five areas of focus.

Resolutions

S1. Answer (c): According to S&P, India’s GDP will grow to 7% by 2026.

S2. Ans. (b) Prime Minister Modi declared that the Indian Navy ranks would be renamed in order to shed colonial influences and more accurately represent Indian culture.

S3. Response (c): Sol. The PMI continued to expand for the 28th consecutive month, but dropped to 56.9, a one-year low.

S4. “One Province, One Policy,” Ans. (b) Sol. In order to better address regional challenges, this strategy moves away from a uniform approach and instead customises financial risk management for individual provinces.

S5. Answer (e): The state of Himachal Pradesh has a 33.9% urban youth unemployment rate.

S6. Answer (c) Sold. In the 15–29 age group, the national rate is 17.3%, with females accounting for 22.9% and males for 15.5%.

S7. Ans.(b): The urban youth unemployment rate in Gujarat is 7.1%.

S8. Answer (c) Sold. According to the Crisil report, these states’ capital expenditures are expected to rise by a significant 18–20% in the fiscal year 2023–2024.

S9. Answer (c): 1.66 trillion rupees. This is the average monthly GST collected for the fiscal year 2023–2024; in April 2023, it reached a record high of Rs 1.87 trillion.

S10. Sol.(d) Ans. There are 14,897 pending appeals over tax demands as of October 31, 2023, up from 11,899 in March 2023.

S11. Sol. Ans.(d). The southern states of Tamil Nadu, Karnataka, and Gujarat have seen a notable increase in housing demand in their smaller cities due to worker migration from rural areas and rising incomes.

S12. Ans.(d): On December 4, Bharti Airtel became the eighth Indian company to reach the Rs. 6 lakh crore market capitalization threshold.

S13. Answer (d) Sol. The construction industry, which grew by 13.3% between July and September, is one of the main drivers of India’s economic boom.

S14. Ans.(a) Sol. Introduced on Navy Day, it represents the accomplishments of the Indian Navy. Launched on December 5, 2021, INS Sandhayak’s completion coincides with Navy Day, giving the event a symbolic meaning.

S15. Ans.(b) Sol. The Bihar government was commended at COP-28 for its emphasis on water management and climate resilience in its afforestation efforts, especially under the Jal-Jeevan-Hariyali Abhiyan.