Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2023 of 01st August 2023. Daily GK quiz online for bank & competitive exam. Here we have given the Daily Current Affairs Quiz based on the previous days Daily Current Affairs updates. Candidates preparing for IBPS, SBI, RBI, RRB, SSC Exam 2023 & other competitive exams can make use of these Current Affairs Quiz.

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1) The Government of India & Asian Development Bank signed a 200 million dollar loan to enhance urban services in which state?

(a) Sikkim

(b) Maharashtra

(c) Bihar

(d) Rajasthan

(e) Gujarat

2) SEBI mandates foreign portfolio investors to disclose Legal Entity Identifier (LEI) code. LEI is how many character code?

(a) 12

(b) 10

(c) 18

(d) 15

(e) 20

3) RBI’s Digital Payments Index jumps to 395.57 in March from 377.46 in September. This index comprises how many broad parameters?

(a) 5

(b) 6

(c) 4

(d) 3

(e) 8

4) Which payment and banking platform launches MoneySaver Export Account for Indian exporters to save 50% on international bank transfers?

(a) Airtel

(b) Paytm

(c) Phonepe

(d) Mobikwik

(e) Razorpay

5) Russia's largest lender Sber bank to establish an IT centre in which city?

(a) Gandhinagar

(b) Ahmedabad

(c) Mumbai

(d) Bengaluru

(e) Chennai

6) The government has approved the import of _______ aircraft for Air India Limited and 500 for Indigo.

(a) 350

(b) 450

(c) 480

(d) 470

(e) 380

7) The T20 Summit, organized by India as part of its G20 Presidency, is set to take place in the city of Mysore, Karnataka. What is “T” in T20?

(a) Test

(b) Talent

(c) Talk

(d) Think

(e) Take

8) The deadline for submitting applications for PLI Scheme 2.0 for IT Hardware has been extended until August 30, 2023. What is the total budget outlay(in crores)?

(a) Rs.17500

(b) Rs.16500

(c) Rs.17000

(d) Rs.15500

(e) Rs.14500

9) The G20 EMPOWER Summit was inaugurated by which ministry?

(a) Home affairs

(b) Finance Ministry

(c) Women and child development

(d) Agriculture Ministry

(e) External Affairs

10) Dharmendra Pradhan has officially launched the mobile application for ULLAS Nav Bharat Saksharta Karyakram on the third anniversary of NEP 2020. What is the second “L” in ULLAS?

(a) Learning

(b) Limited

(c) Lifelong

(d) List

(e) Literacy

11) AP-Genco & NHPC to set up a joint venture for implementing pumped storage hydropower projects in Andhra Pradesh. What is the total capacity (in megawatts)?

(a) 5000

(b) 3000

(c) 6000

(d) 4000

(e) 8000

12) Which state government announced interest-free ₹1 lakh crop loans for farmers to enhance Agricultural Growth?      

(a) Andhra Pradesh

(b) Odisha

(c) Bihar

(d) Gujarat

(e) Punjab

13) The Ministry of Education, Skill Development, and Entrepreneurship has signed how many MoUs with different well-respected organizations and institutions in New Delhi?

(a) 100

(b) 105

(c) 106

(d) 108

(e) 102

14) Ashish Desai was sworn in as the new Chief Justice of which High Court?

(a) Andhra Pradesh

(b) Odisha

(c) Kerala

(d) Gujarat

(e) Punjab

15) Future Generali India Life Insurance (FGILI) partnered with JM Financial for wider insurance reach. Where is the Headquarter of FGILI?

(a) New Delhi

(b) Maharashtra

(c) Gujarat

(d) Karnataka

(e) Kerala

16) Pixxel wins defence ministry grant to build miniaturised multi-payload satellites for Indian Air Force. The grant will enable Pixxel to develop small satellites weighing up to how many kgs?

(a) 120

(b) 155

(c) 150

(d) 135

(e) 180

17) In Hockey, the Indian women’s team won the 100th Anniversary Spanish Hockey Federation, International Tournament in which country?

(a) Spain

(b) Switzerland

(c) USA

(d) France

(e) Finland

18) India bags six medals including four Golds at World University Games. Which country topped the tournament?

(a) China

(b) USA

(c) Japan

(d) France

(e) Italy

19) World Wide Web Day is observed all over the world on August 1st each year dedicated to web browsing. From which year was WWW Day celebrated?

(a) 1985

(b) 1988

(c) 1989

(d) 1991

(e) 1995

20) Breast feeding week is celebrated every year during the first week of August(August 1 to 7). When was it first celebrated?

(a) 1992

(b) 1991

(c) 1994

(d) 1987

(e) 1996

Answers :

1) Answer: D

The Government of India (GoI) and the Asian Development Bank (ADB) signed a $200 million loan as additional financing for the ongoing Rajasthan.Secondary Towns Development Sector Project to expand water supply and sanitation systems and enhance urban resilience and heritage living in selected towns. The loan agreement was signed between, Additional Secretary, Department of Economic Affairs Vumlunmang Vualnam, and the Country Director of Asian Development Bank, India Resident Mission, Takeo Konishi. This will improve water supply systems in at least 7 towns by converting all groundwater sources to surface water, and by installing 1400 kilometre of new water supply pipelines & providing 77,000 households connections with water metres.

2) Answer: E

The Securities and Exchange Board of India (SEBI) has mandated the submission of legal entity identifier (LEI) details for all non-individual foreign portfolio investors (FPIs). Presently, FPIs are required to provide their LEI details in the Common Application Form (“CAF”), used for registration, KYC and account opening of FPIs on a voluntary basis. LEI, a unique global identifier for legal entities participating in financial transactions, is designed to create a global reference data system that uniquely identifies every legal entity, in any jurisdiction, that is party to a financial transaction. It is a unique 20-character code that identifies distinct entities involved in financial transactions.

3) Answer: A

The RBI introduced the composite Digital Payments Index (RBI-DPI) in January 2021 with March 2018 as the base, to capture the digitisation of payments. The index has since been steadily rising, crossing the 300-point mark in September 2021. The index comprises 5 broad parameters that enable the measurement of the deepening and penetration of digital payments in the country over different periods. These parameters are: Payment Enablers (weight 25%), Payment Infrastructure Demand-side factors (10%), Payment Infrastructure Supply-side factors (15%), Payment Performance (45%), Consumer Centricity (5%).

4) Answer: E

Payments and banking platform for businesses Razorpay launched a MoneySaver Export Account specifically for small and mid-size exporters. With this product, Indian exporters will now open a smart account in any country of their choice and receive payments locally via bank transfers on the Razorpay platform. This will be India’s first smart account to offer 50% savings on international bank transfers for Indian exporters. To alleviate the burden of high transfer costs, chargebacks, and payment failures, making it a valuable asset for exporters. The facility allows exporters to open an account in any country (out of more than 160 countries) and receive payments locally via the Razorpay platform in order to save from high transfer costs, chargebacks and payment failures.

5) Answer: D

Russia's largest lender Sberbank's branch in India has received permission from the Reserve Bank of India (RBI) to establish an information technology (IT) unit in Bengaluru, Karnataka where it plans to employ up to 200 IT specialists. The new IT office would house Sberbank's in-house data processing centre. Bengaluru is India’s third biggest city and the country’s leading scientific and industrial center, specializing, amongst other things, in aerospace, engineering and electronics industries and the development of IT products. While Sberbank's India branch has been active in New Delhi since 2010 and offers a wide range of financial services, the Bengaluru office will be fully focused on developing information technologies

6) Answer: D

The union government has granted in-principal approval to import 470 aircraft to Air India Limited and 500 aircraft to Interglobe Aviation Limited (Indigo).  This information was given by the Minister of State for Civil Aviation General (Dr.) V. K. Singh. He said the aircraft is proposed to be imported by 2035.  On the question of parking space, the minister said the airline operators have been advised by the Directorate General of Civil Aviation to share their induction plan with airport operators for ensuring the availability of parking slots.

7) Answer: D

The Think20 Secretariat under India’s G20 Presidency, will host the Think20 Summit in Mysuru till August 2. Think20 is the G20’s official engagement group that serves as an ‘ideas bank’ for the multilateral grouping by bringing together think tanks and high-level experts to discuss policy issues relevant to the G20.The three-day conference will be a gathering of distinguished members of the seven Think20 Task Forces and policy experts from around the world.  It provides an unparalleled opportunity to collectively showcase ideas and insights on the priorities of India’s G20 Presidency, including issues such as lifestyle for sustainable development, macroeconomics and trade, women-led development, digital transformation, green transition, the global financial order, accelerating the achievement of the Sustainable Development Goals (SDGs), and reforming multilateralism.

8) Answer: C

Production Linked Incentive (PLI) Scheme 2.0 for IT Hardware was notified vide notification No. CG-DL-E-30052023-246165 dated May 29, 2023, with a budgetary outlay of ₹ 17,000 crore. The scheme is aimed at broadening and deepening the IT hardware manufacturing ecosystem in the country.The Operational Guidelines of Production Linked Incentive Scheme 2.0 for IT Hardware has been notified on 14.07.2023. The application window for receiving applications under PLI Scheme 2.0 for IT Hardware has been extended till August 30, 2023.

9) Answer: C

The G20 EMPOWER Summit is set to take place on August 1, 2023, at the Mahatma Mandir in Gandhinagar, Gujarat.  The summit, organised around the theme- “Women-Led Development: ensuring a Sustainable, inclusive, and equitable global economic growth”, will witness the participation of delegates from across G20 nations, guest countries and international organizations in addition to many global experts, policymakers and stakeholders. The Ministry of Women and Child Development is the nodal Ministry for EMPOWER which is the G20 Alliance for Empowerment and Progress of Women’s Economic Progression.

10) Answer: A

The Prime Minister inaugurated Akhil Bharatiya Shiksha Samagam 2023 at Bharat Mandapam, Pragati Maidan, New Delhi on the 3rd anniversary of NEP 2020. The ULLAS (Understanding Lifelong Learning for All in Society) initiative is poised to revolutionise education and literacy across the nation, by fostering a learning ecosystem that reaches every individual, bridging the gaps in basic literacy and critical life skills. It imparts basic education, digital and financial literacy and critical life skills to citizens aged 15 and above who lost the opportunity to go to school. It is being implemented through volunteerism.

11) Answer: C

The Andhra Pradesh Power Generation Corporation (AP-Genco) and National Hydroelectric Power Corporation Ltd. (NHPC) will soon be floating a Joint Venture (JV) for implementing Pumped Storage Hydropower Projects (PSPHs) with a total generation capacity of 6,000 Megawatt (MW) in Andhra Pradesh (AP). Of these, a 1,350 MW (9x150 MW) PSHP at upper Sileru in GK Veedhi mandal of Alluri Sitharama Raju (ASR) district will be prioritised as the first project under the aegis of the JV.  On completion of this, the combined installed hydropower capacity of the Sileru basin will reach over 2,425 MW. The companies will soon sign the drafted agreement and the partners would have an equal (50:50) stake.

12) Answer: B

Odisha State Cooperation Department announced the implementation of the State Sector Scheme "Interest Subsidy-Subvention." For this, the State Cabinet has approved a provision of Rs 5700 crore with an aim to ensure adequate credit flow in agriculture at an affordable rate of interest to farmers in the State over 5 years from 2023-24 to 2027-28. Under the scheme, farmers would get interest-free crop loans of up to Rs. 1 lakh. A 2% interest rate would be charged for crop loans above Rs.1 lakh to Rs.3 lakh. These interest rates would apply retrospectively from April 1, 2022. Earlier, farmers were being provided interest-free crop loans up to a limit of Rs.50000 under KALIA (Krushak Assistance for Livelihood and Income Augmentation).

13) Answer: C

The Ministry of Education and Skill Development and Entrepreneurship signed 106 MoUs with various esteemed organizations and institutions in New Delhi.The event took place on the occasion of the Akhil Bhartiya Shiksha Samagam 2023 and the 3rd anniversary of the National Education Policy.The MoUs aim to foster innovation, research, and knowledge exchange in multiple domains, promoting collaboration in education and industry-academia linkages. These partnerships involve both public and private entities and cover school education, literacy, and higher education.Under the CBSE, 15 MoUs were signed with organizations like Atal Innovation Mission, IBM, Intel, and Microsoft, among others, to focus on skill development and education.

14) Answer: C

Justice Ashish J Desai was sworn in as the 38th Chief Justice of the Kerala High Court.  Kerala Governor Arif Mohammed Khan administered the oath of office to the new Chief Justice, at a ceremony held at Raj Bhavan. He succeeds Justice S V Bhatti who was recently elevated to the post of Supreme Court judge. Prior to his elevation as the Chief Justice of Kerala High Court, Justice Desai was a Judge of the Gujarat High Court.

15) Answer: B

Future Generali India Life Insurance Company Limited (FGILI) has tied up with JM Financial Services, a prominent financial services group with an aim to elevate its insurance product offerings and extend its market presence across the country. The collaboration will help the insurer diversify its product portfolio and leverage JM Financial’s distribution and financial advisory capabilities to offer innovative products. Headquarters -Mumbai, Maharashtra, India.

16) Answer: C

To develop technologies addressing every stage of a space mission, right from mission planning and manufacturing to satellite data analytics and more. Pixxel emerged as the winner of the grant from amongst a host of companies, owing to its pioneering technology in the area of hyperspectral satellite manufacturing. This marks Pixxel's entry into the defence sector. The grant is part of the SPARKS initiative, which falls under Mission DefSpace, launched by Prime Minister Narendra Modi in 2022. The grant will enable Pixxel to develop small satellites weighing up to 150 kgs.

17) Answer: A

In Hockey, the Indian women’s team won the 100th Anniversary Spanish Hockey Federation - International Tournament in Terrassa, Spain. In  with a 3-0 victory over hosts Spain. Vandana Katariya in the 22nd minute, Monika in the 48th minute and Udita in the 58th minute scored goals as the team remained undefeated in the tournament. Earlier, India defeated Commonwealth Games champions England 3-0 in its third match. Lalremsiami scored a hat-trick for India. With this win, India took the top spot in the standings, earning five points from three matches.

18) Answer: A

Indian shooters and archers bagged six medals including four golds at the World University Games in Chengdu, China. Shooters Aishwarya Pratap Singh Tomar, Divyansh Singh Panwar and Arjun Babuta joined forces to outclass local favourites China to win the 10m air rifle men’s team gold.India has won 17 medals, nine gold, three silver and five bronze, and are second in the tournament. Hosts China lead the standings with a haul of 21 medals.

19) Answer: C

World Wide Web Day is observed all over the world on August 1st each year dedicated to web browsing, the online activity that brings the whole world to your fingertips, and places a wealth of knowledge at your feet. In 1989, Sir Tim Berners-Lee invented the World Wide Web, On 1st August 1989, is World Wide Web Day, marking the invention by Tim Berners-Lee of an internet-based communication system that changed the world. In 1991, the World Wide Web browser was made available on the public internet. In 1996, Internet Explorer was integrated into the windows computer system.

20) Answer: A

Breastfeeding week is celebrated every year during the first week of August (August 1 to 7). World Breastfeeding Week is an annual celebration that is observed in more than 120 countries.The theme set by the World Alliance for Breastfeeding Action (WABA) for this year (2023) is: “Enabling breastfeeding: making a Difference for working parents.”World Breastfeeding Week is observed by World Alliance for Breastfeeding Action (WABA), World Health Organisation (WHO), and UNICEF to promote world breastfeeding week.World Breastfeeding Week was first observed in 1992 by WADA. The World Health Organization and the American Academy of Pediatrics (AAP) promote the value of breastfeeding for mothers as well as children.