Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2023 of 02nd February 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) According to the International Monetary Fund (IMF), the Indian economy is expected to grow by ________ in 2023 and 6.8% in 2024.

(a) 6.1%

(b) 5.6%

(c) 6.7%

(d) 7.5%

(e) 4.5%

2) Which of the following became the first payment gateway player to process Central Bank Digital Currency (CBDC) or Digital Rupee transactions for online retail merchants?

(a) PayU

(b) CCAvenue

(c) Paypal

(d) Razorpay

(e) Pine Labs

3) Consider the following statement regarding Canara HSBC Life Insurance Unit-Linked Individual Savings Insurance Plan (ULIP). Which of the following statement is incorrect?

(a) The product offers 3 different plans depending on an individual's need and current requirements.

(b) For Premium Plus and Life Plus, the minimum entry ages are 18 years, while the maximum entry ages are 50 years and 70 years, respectively.

(c) The minimum annual premium is Rs. 1.25 lakh per annum on a yearly mode, and Rs 16,667 on a monthly mode for all the three options.

(d) The minimum premium comes to Rs. 70,000 on a half-yearly mode and Rs. 43,750 on a quarterly mode.

(e) The maturity ages for Premium Plus are minimum 28 and maximum 80 years, while for Life Plus, the maturity age is up to 100 years.

4) As per the recent report, The first G20 Energy Transition Working Group (ETWG) meeting under India's presidency was held in ________________.

(a) Hyderabad, Telangana

(b) Mumbai, Maharashtra

(c) Noida, Uttar Pradesh

(d) Surat, Gujarat

(e) Bengaluru, Karnataka

5) The ______ edition of the International Plastics Exhibition, conference and convention – Plast India 2023 was held at the revamped Pragati Maidan in New Delhi.

(a) 7^th

(b) 13^th

(c) 9^th

(d) 11^th

(e) 15^th

6) As per the recent newspaper report, Which of the following city is to be Andhra Pradesh’s new capital?

(a) Nellore

(b) Guntur

(c) Visakhapatnam

(d) Kurnool

(e) Chittoor

7) Consider the following statement. Which of the following statement is correct?

(i) India's first green energy based solar panel factory will be built by Delhi-based Luminous Power Technologies in Uttar Pradesh.

(ii) Once operational, the 4.5 lakh square feet/10-acre factory would help enable a solar production capacity of 500 MW per year, extendable up to 1 GW.

(iii) It will produce a range of solar panels with power output from 40W to 600W.

(a) Only (i)

(b) Both (i) and (ii)

(c) Only (ii)

(d) Both (ii) and (iii)

(e) All (i), (ii) and (iii)

8) India is no longer among the top-five nations in terms of market capitalisation (m-cap) as the close to $70 billion rout in __________ stocks has seen the domestic market slip to sixth position in the world.

(a) State Bank of India

(b) Tata Group

(c) Adani Group

(d) Reliance Group

(e) None of the above

9) According to the Union Finance Ministry, What was the Gross GST collection in January 2023?

(a) ₹ 1.52 lakh crore

(b) ₹ 1.48 lakh crore

(c) ₹ 1.61 lakh crore

(d) ₹ 1.55 lakh crore

(e) ₹ 1.59 lakh crore

10) What is the projected Gross Domestic Product (GDP) growth for FY24, according to the Economic Survey?

(a) 5.5%

(b) 6.6%

(c) 6.1%

(d) 7.5%

(e) 6.5%

11) Who has been appointed as the Chief Executive Officer (CEO) of the Consumer goods giant Unilever?

(a) Leena Nair

(b) Alan Jope

(c) Hein Schumacher

(d) Louise Fresco

(e) Nelson Peltz

12) Air Marshal A P Singh has been appointed as the new Vice Chief of the Indian Air Force (IAF). He will replace ___________.

(a) Ram Raghavan

(b) Prabha Narasimhan

(c) Raghuram Jain

(d) Ranjit Bajaj

(e) Sandeep Singh

13) As per the newspaper report, Who has bagged the inaugural Shane Warne Men’s Test Player of the Year award?

(a) Cameron Green

(b) David Warner

(c) Usman Khawaja

(d) Steve Smith

(e) Glenn Maxwell

14) Every year, World Wetlands Day is celebrated on 2^nd February. When was the first World Wetlands Day celebrated?

(a) 1998

(b) 1992

(c) 1997

(d) 1999

(e) 1986

15) Which of the following state has celebrated the Harela festival?

(a) Uttar Pradesh

(b) Assam

(c) Uttarakhand

(d) Gujarat

(e) Haryana

Answers :

1) Answer: A

According to the International Monetary Fund (IMF), the Indian economy is expected to grow by 6.1% in 2023 and 6.8% in 2024.

IMF Chief Economist and Research Department Director Pierre-Olivier Gourinchas attributed the decline in India’s growth rate during 2023 largely due to external headwinds.

The growth of the Indian economy is set to decline from 6.8% in 2022 to 6.1% in 2023.

2) Answer: B

Infibeam Avenues’s flagship payments brand - CCAvenue, has become the first payment gateway player to process Central Bank Digital Currency (CBDC) or Digital Rupee transactions for online retail merchants.

CBDC, is a robust, efficient, trusted and legal tender based real-time payment option.

The aim of the Indian government and the Reserve Bank of India (RBI) in launching the Digital Rupee is to reduce the ₹32 lakh crore of cash in circulation and to save costs associated with cash like currency printing, solve fake currency problems, avoid wear and tear, etc.

3) Answer: D

Canara HSBC Life Insurance has launched “Wealth Edge”, a Unit-Linked Individual Savings Insurance Plan (ULIP).

Wealth Edge has been designed to help fulfil the life goals of an individual by providing utmost flexibility.

The policy also offers options of single pay and limited pay for all three plans, along with death and maturity benefits.

The product offers 3 different plans depending on an individual's need and current requirements.

For Invest Plus, the minimum and maximum entry ages are 0 years and 70 years, respectively.

For Premium Plus and Life Plus, the minimum entry ages are 18 years, while the maximum entry ages are 50 years and 70 years, respectively.

The maturity ages for Premium Plus are minimum 28 and maximum 80 years, while for Life Plus, the maturity age is up to 100 years.

The minimum annual premium is Rs. 1.25 lakh per annum on a yearly mode, and Rs 16,667 on a monthly mode for all the three options.

The minimum premium comes to Rs. 75,000 on a half-yearly mode and Rs. 43,750 on a quarterly mode.

The plan allows users to select from 8 different investment funds and access the accumulated capital as needed through the Systematic Withdrawal Option (SWO) / Milestone Withdrawal Option (MWO).

4) Answer: E

The first G20 Energy Transition Working Group (ETWG) meeting under India's presidency will be held in Bengaluru, Karnataka from Feb 5 to 7, 2023.

The meeting will have over 150 participants including G20 member countries and 9 special invitee guest countries - Bangladesh, Egypt, Mauritius, Netherlands, Nigeria, Oman, Singapore, United Arab Emirates (UAE) and Spain.

In addition, leading international organisations including The World Bank, Asian Development Bank, United Nations Development Programme (UNDP) and International Energy Agency (IEA) will be part of the meeting.

5) Answer: D

The 11th edition of the International Plastics Exhibition, conference and convention - PlastIndia 2023 will be held at the revamped Pragati Maidan in New Delhi from February 1 to 5, 2023.

PlastIndia 2023, organised by Plastindia Foundation which is devoted to promoting excellence in the field of plastics, will focus on innovation, sustainability and growth.

The 5-day event will provide an excellent opportunity for exhibitors to showcase their innovations in processing, machinery, moulds and dyes, auxiliary equipment, printing and packaging, raw material and more,

PlastIndia is usually held once in three years with the last one held in 2018.

Due to the Covid pandemic, it could not be held in 2021.

About 1,800 exhibitors from across 30 countries will showcase their products and technology at PlastIndia 2023.

President of Plastindia Foundation : Jigish Doshi

6) Answer: C

Andhra Pradesh (AP) Chief Minister (CM) Shri YS Jagan Mohan Reddy announced that Visakhapatnam popularly known as Vizag will be the new capital of the AP at the International Diplomatic Alliance meeting in New Delhi.

The CM further announced that the AP government is organising the ‘Global Investors Summit’ in Visakhapatnam on March 3 and 4, 2023.

7) Answer: D

India's first green energy-based solar panel factory will be built by Delhi-based Luminous Power Technologies in Uttarakhand.

Rudrapur,Uttarakhand based new manufacturing plant is expected to be fully operational by the end of 2023.

The cutting-edge factory will be equipped with the latest technology to design and manufacture high-quality solar panels for both residential and commercial applications.

Once operational, the 4.5 lakh square feet/10-acre factory would help enable a solar production capacity of 500 MW per year, extendable up to 1 GW.

It will produce a range of solar panels with power output from 40W to 600W.

The Indian Green Building Council (IGBC) has certified the plant as a green factory, and will substantially reduce concerns around CO2 emissions with an estimated reduction of over 70 million tonnes per annum.

8) Answer: C

India is no longer among the top-five nations in terms of market capitalisation (m-cap) as the close to $70 billion rout in Adani Group stocks has seen the domestic market slip to sixth position in the world.

France, which occupied the seventh place, has catapulted India and the United Kingdom to the fifth position.

India’s m-cap is down $137 billion, or 4 per cent, so far this year and is the only market in the top 10 to see an erosion in market value.

At present, India’s m-cap is about 4 per cent more than the UK — also among the laggards this year.

Meanwhile, China, France and Germany have seen double-digit growth in their market value in 2023.

India’s ascent into the top five was on the back of sharp outperformance in 2022.

During the year, India’s contribution to the world m-cap (currently at $104 trillion) too had topped the 4 per cent mark for the first time.

The share has now slipped to 3.06 per cent, shows data provided by Bloomberg.

9) Answer: D

The GST collection in January surged to over ₹ 1.55 lakh crore, the second highest-ever mop-up, the finance ministry.

The gross GST revenue collected in the month of January 2023 on 31.01.2023 is ₹ 1,55,922 crore of which CGST is ₹ 28,963 crore, SGST is ₹ 36,730 crore, IGST is ₹ 79,599 crore (including ₹ 37,118 crore collected on import of goods) and cess is ₹ 10,630 crore (including ₹  768 crore collected on import of goods).

The revenues in the current financial year up to January 2023 are 24 per cent higher than the GST revenues during the same period last year.

This is for the third time, in the current financial year, GST collection has crossed ₹ 1.50 lakh crore mark.

The GST collection in January 2023 is the second highest next only to the ₹ 1.68 lakh crore gross mop-up reported in April 2022.

10) Answer: E

The Economic Survey projected the Indian economy to slow to a three-year low of 6.5% in FY24, slowing from the estimated 7% growth for the current year due to global economic uncertainty impacting exports.

The Economic Survey forecasts a baseline gross domestic product, or GDP, growth of 6.5 per cent in real terms in fiscal 2024.

Despite the lower growth forecast for next fiscal compared to the current one, the pace would still make India's growth the fastest among big economies.

The survey projected GDP in nominal terms to be 11 per cent in the next financial year, while the real GDP growth is likely to be in the range of 6-6.8 per cent, depending on global economic and political developments.

The Economic Survey said growth in FY23 was primarily driven by private consumption, higher capital expenditure, stronger corporate balance sheets, credit growth in small businesses and the return of migrant workers to cities.

11) Answer: C

Consumer goods giant Unilever appointed Mr Hein Schumacher as its new chief executive officer (CEO , set to take on the role on July 1, 2023.

This is the first time Unilever has appointed a CEO from outside the company.

Mr Hein will replace Mr Alan Jope, who announced in September 2022 his intention to retire from Unilever.

About Mr Hein Schumacher :

In 2013, he was appointed Executive Vice President of Kraft Heinz’s Asia Pacific Zone and led a successful turnaround of the business, which spanned China, Indonesia, India, Japan and Oceania.

12) Answer: E

Air Marshal A P Singh has been appointed as the new Vice Chief of the Indian Air Force (IAF).

He will take charge as the Vice Chief on February 1, 2023.

He will succeed Air Marshal Sandeep Singh, who will retire from service on Jan 31, 2023.

About Air Marshal A P Singh :

He was commissioned into the fighter stream of the IAF on December 21, 1984.

He is a Qualified Flying Instructor and an Experimental Test Pilot with more than 4,900 hours of service flying on a variety of fixed wing and rotary wing aircraft.

He also headed the MiG 29 Upgrade Project Management Team in Moscow, Russia.

Currently, he is serving as the Air Officer Commanding-in-Chief of the Central Air Command.

13) Answer: C

Australia's Usman Khawaja bagged the inaugural Shane Warne Men’s Test Player of the Year award following brilliant performances in the last 12 months.

The left-hander has been Australia's leading run scorer in Tests since making a comeback in January 2022.

Khawaja amassed 1020 runs at an average of 78.46.

He capped off the voting period with an unbeaten 195 during the rain-affected New Year’s Test against South Africa at the SCG – his third consecutive Test century at the venue.

Khawaja was also part of the ICC Test Team of the Year alongside teammates Nathan Lyon, Pat Cummis and Marnus Labuschagne announced last week.

The left-hander was drafted in the playing XI against England in SCG following Travis Head's positive COVID-19 tests and grabbed the opportunity with both hands.

14) Answer: C

World Wetlands Day is celebrated on 2nd February every year.

celebrated annually on 2 February, aims to raise global awareness about the vital role of wetlands for people and the planet.

The World Wetlands Day 2023 theme this year is  “It’s Time for Wetlands Restoration,” which highlights the urgent need to prioritize wetland Restoration.

This day also marks the date of the adoption of the Convention on Wetlands on 2 February 1971, in the Iranian city of Ramsar.

Because of the many benefits we get from wetlands, World Wetlands Day is observed on February 2 every year to raise awareness about their importance and the need to preserve them.

On this day, The Convention on Wetlands was adopted in 1971.

This year is especially significant as World Wetlands Day 2023 will be observed as a United Nations international day for the second time.

On August 30 last year, the United Nations General Assembly adopted a resolution to mark the day.

The day is celebrated to mark the date of the adoption of the Convention on Wetlands on February 2, 1971, in the Iranian city of Ramsar on the shores of the Caspian Sea. World Wetlands Day was first celebrated in 1997.

15) Answer: C

Uttarakhand :

Chief Minister: Pushkar Singh Dhami

Governor: Gurmit Singh

Festival : Basant Panchami, Bhitauli, Harela, Phooldei, Batsavitri, Ganga Dusshera