26 August 2023 Current Affairs: The Current Affairs 2023 section is a significant component of the General Knowledge section of a competitive examination, and it plays a crucial role. To supplement your preparation for the General Awareness Section of upcoming exams such as IBPS PO/Clerk Mains, SBI PO Mains, and SEBI Grade A Prelims, we have compiled a Current Affairs Quiz for August 26, 2023 encompassing the following topics: ICRA Ratings’ forecast for India’s GDP growth, Prime Minister Modi’s visit to Greece, Microfinance loans, HDFC Bank, and Marriott Bonvoy are featured in the headlines.
1. What does ICRA Ratings project India’s GDP growth to be in the first quarter of fiscal year 2023-24 (FY24)?
(a) 7.2%
(b) 8.5%
(c) 9.0%
(d) 6.8%
(e) 5.5%
2. Who invited Prime Minister Modi to make the historic trip to Greece?
a) Kyriakos Mitsotakis
b) Katerina
c)Alexis Tsipras
(d) Greek Prime Minister George Papandreou
(e) Athanasios Samaras
3. What areas of cooperation are anticipated to be discussed during the visit between the Indian and Greek leaders?
(a) Agricultural progress
(b) Space research
(c) Intercultural relations
(d) Transport maritime, defence, commerce, and investments
(e) Entertainment sector partnership
4. What factors contribute to the positive development observed in the services sector during the first quarter of fiscal year 24?
(a) Decrease in investment activity
(b) Demand decline
c) Rising capital expenditure
(d) Recapture of demand for services and improvement in investment activity
(e) Increasing commodity costs
5. What percentage of microfinance loans were held by independent MFIs in FY23?
(a) 30%
(b) 35%
(c) 40%
(d) 45%
(e) 50%
6. State in which the Yadadri Thermal Power Station is located.
(a)Maharashtra
b)Telangana
(c) West Bengal
(d) Karnataka
e) Uttar Pradesh
7. unil Bharti Mittal described Africa as:
a) Technological centre
(b) A cultural focal point
(c) A global hegemonic authority
(d) The final continent of optimism
(e) An unutilized asset
8. In terms of Assets Under Management (AUM), which state dominated the microfinance industry?
(a) Maharashtra
(b) Bihar
(c) Kerala
(d) Gujarat
e) Rajasthan
9) What is the name of the co-branded hotel credit card that HDFC Bank and Marriott Bonvoy have just introduced?
a) HDFC Bonvoy Card
(b) Marriott HDFC Travel Credit Card
(c) Marriott Bonvoy Credit Card from HDFC Bank
d) HDFC Marriott Rewards Credit Card
(e) Travel Bonvoy Card from HDFC
10) What is the principal pollutant that SCR Catalysts are designed to eliminate?
a) CO (Carbon monoxide)
b) Sulphur dioxide
c) PM (particulate matter)
d) NOx (nitrogen oxide.)
e) VOCs (volatile organic compounds)
11. Which platform does the Marriott Bonvoy HDFC Bank Credit Card belong to?
a) Mastercard
(b) Permit
c) American Express
(d) Learn about Global Network
e) Rupee
12. What is the name of YES BANK’s recently launched mobile financial application?
(1) The YES Mobile
(b) YES Banking Professional
(c) YES BANK’s IRIS
d) YES Finance Connect
e) The YES Mobile Connect
13. Which bank has launched the mobile UPI interoperable digital rupee application?
a) The HDFC Bank
b) The Axis Bank
c) The ICICI Bank
d) The Canara Bank
e) State Bank of India
14. Who currently serves as the Governor of the Reserve Bank of India (RBI)?
(a) Rajan Raghuram
(b) Patel Urjit
c) Shatikant Das
(d) Minister Nirmala Sitharaman
e) Arun Jaitley
15. Who on August 23, 2023 signed the Standard Operating Procedure (SOP) for the exchange of White Shipping Information?
(a) The Air Force Chief
(b) Army Chief of Staff
(c) Chief of Naval Staff and Philippine Coast Guard Commandant
(d) The Coast Guard Chief
e) Chief of Border Security Personnel
Top Current Affairs For 1st – 17th August 2023
Solutions Of 26 August 2023 Current Affairs Quiz
S1. Answer b
ICRA Ratings forecasts a GDP expansion of 8.5% in the first quarter of fiscal year 24 due to a supportive base and a recovery in the services sector.
S2. Answer a
Sol.Prime Minister Kyriakos Mitsotakis extended an invitation to Prime Minister Narendra Modi to visit Greece, highlighting the commitment to strengthen bilateral relations between the two nations.
S3. Answer (d)
Sol.The leaders of India and Greece are expected to discuss numerous areas of cooperation, including maritime transport, defence, commerce, and investments.
S4. Answer c
Demand for services catches up, and investment activity improves. These factors are cited as contributors to the development witnessed in the services sector during the first quarter of fiscal year 24.
S5. Answer c
Sol.In FY23, independent MFIs held a 40% share of microfinance loans, signalling their return to the industry after a four-year absence.
S6. Answer b
Sol.Telangana is where the Yadadri Thermal Power Station is located. It is where the first batch of SCR catalysts manufactured in India by BHEL was launched.
S7. Answer (d)
At the summit, Sol. Sunil Bharti Mittal highlighted the potential of Africa and its need for attention and initiatives.
S8. Answer b
Sol. Bihar emerged as the champion in the microfinance industry, holding approximately 15% of the Assets Under Management (AUM) market share.
S9. Answer c
Sol.The name of the co-branded hotel credit card, “Marriott Bonvoy HDFC Bank Credit Card,” reflects the partnership between HDFC Bank and Marriott Bonvoy.
S10. Answer d
Sol. SCR Catalysts are designed to reduce nitrogen oxide (NOx) emissions, which are significant pollutant byproducts of coal combustion in thermal power plants.
S11. Answer d
Sol.The card is a part of the “Discover Global Network,” specifically operating on the “Diners Club” platform, which offers exclusive benefits and global acceptance.
S12. Answer c
Sol.The new mobile banking programme from YES BANK is called “IRIS by YES BANK.”
S13.d Answer
Canara Bank has introduced the UPI interoperable mobile application for digital rupee transactions.
S14. Answer c
Sol.Current RBI Governor is “Shaktikant Das.”
S15. Answer c
The “Chief of Naval Staff and Commandant of Philippine Coast Guard” signed the SOP for the exchange of White Shipping Information.
