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Bank Exams Exam  >  Bank Exams Tests  >  Daily GK & Current Affairs Tests  >  Daily Current Affairs MCQs : 26 October 2023 - Bank Exams MCQ

Daily Current Affairs MCQs : 26 October 2023 - Bank Exams MCQ


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10 Questions MCQ Test Daily GK & Current Affairs Tests - Daily Current Affairs MCQs : 26 October 2023

Daily Current Affairs MCQs : 26 October 2023 for Bank Exams 2024 is part of Daily GK & Current Affairs Tests preparation. The Daily Current Affairs MCQs : 26 October 2023 questions and answers have been prepared according to the Bank Exams exam syllabus.The Daily Current Affairs MCQs : 26 October 2023 MCQs are made for Bank Exams 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Daily Current Affairs MCQs : 26 October 2023 below.
Solutions of Daily Current Affairs MCQs : 26 October 2023 questions in English are available as part of our Daily GK & Current Affairs Tests for Bank Exams & Daily Current Affairs MCQs : 26 October 2023 solutions in Hindi for Daily GK & Current Affairs Tests course. Download more important topics, notes, lectures and mock test series for Bank Exams Exam by signing up for free. Attempt Daily Current Affairs MCQs : 26 October 2023 | 10 questions in 10 minutes | Mock test for Bank Exams preparation | Free important questions MCQ to study Daily GK & Current Affairs Tests for Bank Exams Exam | Download free PDF with solutions
Daily Current Affairs MCQs : 26 October 2023 - Question 1
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What is the primary objective of the Pradhan Mantri Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) scheme as discussed?

Detailed Solution for Daily Current Affairs MCQs : 26 October 2023 - Question 1
The primary objective of the Pradhan Mantri Street Vendor's AtmaNirbhar Nidhi (PM SVANidhi) scheme, as discussed, is to provide working capital loans to street vendors. These loans empower street vendors by offering financial support, helping them become self-reliant in their businesses. This aligns with the government's goal of promoting economic independence and financial inclusion.
Daily Current Affairs MCQs : 26 October 2023 - Question 2
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What percentage of PM SVANidhi scheme beneficiaries come from non-general categories, as per the text?

Detailed Solution for Daily Current Affairs MCQs : 26 October 2023 - Question 2
The text states that 75% of the beneficiaries of the PM SVANidhi scheme come from non-general categories, demonstrating the program's success in reaching marginalized and underprivileged groups.
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Daily Current Affairs MCQs : 26 October 2023 - Question 3
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Which category represents 44% of the beneficiaries under the PM SVANidhi scheme?

Detailed Solution for Daily Current Affairs MCQs : 26 October 2023 - Question 3
The text mentions that 44% of the beneficiaries under the PM SVANidhi scheme belong to the Other Backward Class (OBC). This highlights the scheme's focus on supporting disadvantaged and underrepresented communities.
Daily Current Affairs MCQs : 26 October 2023 - Question 4
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What is the interest subsidy offered under the PM SVANidhi scheme for timely/early loan repayment?
Detailed Solution for Daily Current Affairs MCQs : 26 October 2023 - Question 4
The text indicates that the PM SVANidhi scheme offers an interest subsidy of 7% per annum on timely/early loan repayment. This incentive encourages borrowers to repay their loans promptly and manage their finances effectively.
Daily Current Affairs MCQs : 26 October 2023 - Question 5
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What is the "Persistency Ratio" for the PM SVANidhi scheme, as mentioned?
Detailed Solution for Daily Current Affairs MCQs : 26 October 2023 - Question 5
The text defines the "Persistency Ratio" as 68% for the PM SVANidhi scheme. This ratio represents the percentage of people who repay the first loan (Rs 10,000) and take the second loan (Rs 20,000). It signifies the successful repayment and recycling of loans within the scheme, indicating its impact and effectiveness.
Daily Current Affairs MCQs : 26 October 2023 - Question 6
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What age group constitutes approximately 65% of the borrowers of the PM SVANidhi scheme, according to the text?
Detailed Solution for Daily Current Affairs MCQs : 26 October 2023 - Question 6
The text states that approximately 65% of the borrowers of the PM SVANidhi scheme belong to the age group of 26-45 years. This demographic information provides insights into the scheme's target beneficiaries.
Daily Current Affairs MCQs : 26 October 2023 - Question 7
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Which significant financial program saw an increase in the average spending of its account holders in the financial year 2022-23, as per the text?
Detailed Solution for Daily Current Affairs MCQs : 26 October 2023 - Question 7
The text mentions that SVANidhi loans to Pradhan Mantri Jan-Dhan Yojana (PMJDY) beneficiaries led to an increase in the average spending of its account holders in the financial year 2022-23. This illustrates the positive impact of the scheme on the spending habits of its beneficiaries.
Daily Current Affairs MCQs : 26 October 2023 - Question 8
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Which organization celebrated its 6th Foundation Day on October 20, 2023?
Detailed Solution for Daily Current Affairs MCQs : 26 October 2023 - Question 8
The All India Institute of Ayurveda (AIIA) celebrated its 6th Foundation Day on October 20, 2023. This event marked the institute's continued commitment to Ayurvedic research and healthcare.
Daily Current Affairs MCQs : 26 October 2023 - Question 9
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Which two Indo-American scientists received the National Medal of Technology and Innovation from US President Joe Biden in 2023?
Detailed Solution for Daily Current Affairs MCQs : 26 October 2023 - Question 9
US President Joe Biden honored Ashok Gadgil and Subra Suresh with the National Medal of Technology and Innovation in 2023. This recognition underscores their significant contributions to their respective fields.
Daily Current Affairs MCQs : 26 October 2023 - Question 10
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Which organization, as mentioned , recently conducted a successful training launch of the Ghauri Weapon System?
Detailed Solution for Daily Current Affairs MCQs : 26 October 2023 - Question 10
As per the text, the Pakistan Army recently conducted a successful training launch of the Ghauri Weapon System, a ballistic missile system. This exercise aimed to test the system's operational capabilities and technical parameters, focusing on advanced post-separation attitude correction and ballistic missile defense (BMD) technology.
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