RBI has maintained the policy repo rate at 6.5% for the fifth consecutive time

RBI Governor Shaktikanta Das, in the bi-monthly monetary policy announcement on 8 December 2023 informed following decision of committee.

  • The Reserve Bank of India (RBI) has maintained the policy repo rate at 6.5% for the fifth consecutive time.
  • The decision to keep the policy rate unchanged was influenced by the observed decline in inflation.
  • In the recent Monetary Policy Committee meeting, the RBI revised the Gross Domestic Product (GDP) growth forecast for the financial year 2023-24 to 7%, up from the previous estimate of 6.5%.
  • Governor Shaktikanta Das announced a proposal to increase the limit of UPI transactions in hospitals and educational institutions from one lakh to 5 lakh rupees.

Q: What proposal did Governor Shaktikanta Das announce regarding UPI transactions during the Monetary Policy Committee meeting in December 2023?

a. Limit reduction to one lakh rupees
b. No change in the transaction limit
c. Increase to 2.5 lakh rupees for all users
d. Increase to 5 lakh rupees in hospitals and educational institutions

d. Increase to 5 lakh rupees in hospitals and educational institutions

PM Narendra Modi inaugurated the Indian Art, Architecture & Design Biennale (IAADB) 2023 at Red Fort

Prime Minister Narendra Modi inaugurated the Indian Art, Architecture & Design Biennale (IAADB) 2023 at Red Fort. IAADB is scheduled from 9th to 15th December 2023 at Red Fort, New Delhi.

  • The inauguration included the opening of the ‘Aatmanirbhar Bharat Centre for Design’ and the student Biennale called Samunnati.
  • A Commemorative Stamp was launched during the program.
  • The event is part of a series of initiatives, including the International Museum Expo in May 2023 and the Festival of Libraries in August 2023.
  • IAADB aims to facilitate a comprehensive conversation among various stakeholders in the cultural space, such as artists, architects, designers, photographers, collectors, and art professionals.

Q: Where was the Indian Art, Architecture & Design Biennale (IAADB) 2023 is being held?

a. Rashtrapati Bhavan
b. Red Fort
c. India Gate
d. Humayun’s Tomb

Ans : b. Red Fort

Mahua Moitra expelled from Lok Sabha member over allegations of a “cash-for-query” scandal.

Mahua Moitra, a Lok Sabha member, was expelled on December 8, 2023, over allegations of a “cash-for-query” scandal.

The Lok Sabha Ethics Committee recommended her expulsion for allowing a businessman to use her Parliament login to ask questions on her behalf, breaching parliamentary ethics and compromising national security. The committee’s decision, based on a draft report, had six members in support and four members dissenting.

Q: Why was Mahua Moitra expelled from the Lok Sabha on December 8, 2023?

a. Financial misconduct
b. Involvement in a “cash-for-query” scandal
c. Violation of parliamentary dress code
d. Absence without leave

Ans : b. Involvement in a “cash-for-query” scandal

Daily Current Affairs MCQ : 08 December 2023

Daily Current Affairs : 08 December 2023, MCQ questions with detail explanation and extra fact for the preparation of competitive exams.

Daily MCQs : 08 December 2023

Q: When is Armed Forces Flag Day observed annually in India?
a. November 11
b. December 7
c. January 1
d. March 15

Answer
Ans : b. December 7
Detail News

Q: What is the main purpose of the Lakshmipat Singhania – IIM Lucknow National Leadership Awards?
a. To celebrate young leaders under 30 years old
b. To acknowledge leaders around 45 years of age
c. To honor leaders from various industries
d. To recognize leaders with international acclaim

Answer
Ans : b. To acknowledge leaders around 45 years of age
Detail News

Q: Where was the Uttarakhand Global Investors Summit 2023 held in December 2023?
a. New Delhi
b. Dehradun
c. Mumbai
d. Jaipur

Answer
Ans : b. Dehradun
Detail News

Q. Where is the Forest Research Institute located?
A. Jamshedpur, Jharkhand.
B. Dehradun, Uttarakhand
C. Thiruvananthapuram, Kerala.
D. Guwahati, Assam.

Answer
Ans : B. Dehradun, Uttarakhand
Detail News

Daily Current Affairs : 08 December 2023 in Hindi Click Here

Uttarakhand Global Investors Summit 2023 at the Forest Research Institute in Dehradun

Prime Minister Narendra Modi inaugurated the Uttarakhand Global Investors Summit 2023 at the Forest Research Institute in Dehradun on December 8, 2023.

  • The two-day summit is organized under the theme of “peace to prosperity” and has attracted thousands of investors and delegates from around the world.
  • Notable participants include Union Ministers, Ambassadors from various countries, and leading industrialists.
  • Chief Minister Pushkar Singh Dhami highlighted the state government’s preparations for the summit, including the introduction of more than 27 new policies and amendments to existing policies.
  • The state government has created a land bank of seven thousand acres to facilitate the establishment of new industries in Uttarakhand.

Q: Where was the Uttarakhand Global Investors Summit 2023 held in December 2023?

a. New Delhi
b. Dehradun
c. Mumbai
d. Jaipur

Ans : b. Dehradun

Q. Where is the Forest Research Institute located?

A. Jamshedpur, Jharkhand.
B. Dehradun, Uttarakhand
C. Thiruvananthapuram, Kerala.
D. Guwahati, Assam.

Ans : B. Dehradun, Uttarakhand

President Droupadi Murmu presented the Lakshmipat Singhania – IIM Lucknow National Leadership Awards

The President of India, Smt Droupadi Murmu, presented the Lakshmipat Singhania – IIM Lucknow National Leadership Awards in New Delhi on December 7.

The Lakshmipat Singhania – IIM Lucknow National Leadership Awards is an annual event that celebrates renowned leaders around 45 years of age. The awards honor the legacy and vision of Late Lakshmipat Singhania, a pioneering Indian industrialist, by annually acknowledging outstanding transformational leaders who have taken concrete steps to make our nation stronger.

Q: What is the main purpose of the Lakshmipat Singhania – IIM Lucknow National Leadership Awards?

a. To celebrate young leaders under 30 years old
b. To acknowledge leaders around 45 years of age
c. To honor leaders from various industries
d. To recognize leaders with international acclaim

Ans : b. To acknowledge leaders around 45 years of age

Armed Forces Flag Day : December 7

Armed Forces Flag Day in India, observed annually on December 7 since 1949, pays tribute to the soldiers and veterans of the armed forces. The day highlights the courage, dedication, and professionalism of armed forces personnel, acknowledging their role in safeguarding the nation from both external and internal threats.

The historical significance of Armed Forces Flag Day dates back to August 28, 1949, when the Ministry of Defence designated it as a day for remembrance and fundraising. The concept involves distributing small flags to the public and collecting donations. The funds collected contribute to the rehabilitation of battle casualties, welfare of serving personnel and their families, and resettlement and welfare of ex-servicemen and their families.

Q: When is Armed Forces Flag Day observed annually in India?

a. November 11
b. December 7
c. January 1
d. March 15

Ans : b. December 7

Daily Current Affairs MCQ : 07 December 2023

Daily Current Affairs : 07 December 2023, MCQ questions with detail explanation and extra fact for the preparation of competitive exams.

Daily MCQs : 07 December 2023

Q: Which cultural item from Gujarat was included in the UNESCO List of Intangible Cultural Heritage (ICH) of Humanity in December 2023?
a) Bhangra
b) Garba
c) Kathak kali
d) Kuchipudi

Answer
Ans : b) Garba
Detail News

Q: Who is the Chief of Defence Staff (CDS) of India?
a) General Bipin Rawat
b) Admiral Karambir Singh
c) Air Chief Marshal Rakesh Kumar Singh Bhadauria
d) General Anil Chauhan

Answer
Answer: d) General Anil Chauhan
Detail News

Q: What type of natural disaster prompted India to provide immediate relief assistance to Papua New Guinea?
a. Earthquake
b. Tsunami
c. Volcanic eruption
d. Cyclone

Answer
Answer: c. Volcanic eruption
Detail News

Daily Current Affairs : 07 December 2023 in Hindi Click Here

India to provide relief assistance of one million dollars to Papua New Guinea in wake of volcanic eruption

  1. India has announced immediate relief assistance of one million dollars to Papua New Guinea in response to a volcanic eruption on November 20th.
  2. The eruption of Mount Ulawun in Papua New Guinea led to the evacuation of over 26 thousand people and created urgent humanitarian needs.
  3. New Delhi extended the relief assistance to support relief, rehabilitation, and reconstruction efforts in Papua New Guinea, considering it a close friend and development partner under the Forum for India-Pacific Islands Cooperation.
  4. The External Affairs Ministry expressed sympathy to the Government and people of Papua New Guinea for the damage and destruction caused by the volcanic eruption.

Q: What type of natural disaster prompted India to provide immediate relief assistance to Papua New Guinea?

a. Earthquake
b. Tsunami
c. Volcanic eruption
d. Cyclone

Answer: c. Volcanic eruption

Chief of Defence Staff (CDS) General Anil Chauhan presided over the first session of the Combined Leadership Conclave in New Delhi

  • Chief of Defence Staff (CDS) General Anil Chauhan presided over the first session of the Combined Leadership Conclave in New Delhi on December 6, 2023.
  • The conclave spans three days and concentrates on geo-strategic issues, national security, defense, emerging security challenges, and self-reliance in defense.
  • General Chauhan provided insights into modern warfare and national security during the session, according to a statement from the Defence Ministry.
  • The conclave serves as a development program for senior officers of the three services, with a specific focus on regional and national security issues.

Q: Who is the Chief of Defence Staff (CDS) of India?

a) General Bipin Rawat
b) Admiral Karambir Singh
c) Air Chief Marshal Rakesh Kumar Singh Bhadauria
d) General Anil Chauhan

Answer:d) General Anil Chauhan

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