Daily Current Affairs Quiz - 02nd November 2023

Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2023 of 02nd November 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 Stressed Asset Stabilization Fund (SASF), India's First Bad Bank, is almost done with its journey. How many years was the life cycle of SASF defined when it was established?

(a) 10

(b) 20

(c) 30

(d) 40

(e) 15

2) Which edition of the National Games, held in Goa in which Paytm has designated as its official sponsor?

(a) 35th

(b) 36th

(c) 37th

(d) 38th

(e) 39th

3) A 12-member committee is formed by IRDAI to streamline the wording of insurance policies. Who will preside over the Committee?

(a) M.Swaminathan

(b) N.Dhamodaran

(c) L.Viswanathan

(d) K Sabarinathan

(e) R.Senthilnathan

4) How much percentage of the current fiscal year 2023–24 has GeM's service growth been
recorded so far?

(a) 45%

(b) 47%

(c) 49%

(d) 43%

(e) 41%

5) Which year was the founding of the National Securities Depository Limited (NSDL) and the start of the dematerialization of shares of publicly traded companies took place?

(a) 1994

(b) 1995

(c) 1996

(d) 1998

(e) 1992

6) How much percentage of pension corpus that subscribers to the NPS can decide to automatically withdraw using the Systematic Lumsum Withdrawal (SLW) facility?

(a) 50%

(b) 60%

(c) 70%

(d) 65%

(e) 55%

7) In which state will Prime Minister Modi launch "World Food India 2023" on November 3rd?

(a) Maharashtra

(b) Kerala

(c) Delhi

(d) Punjab

(e) Andhra Pradesh

8) The Cayman Islands have been taken off the Financial Action Task Force's (FATF) "grey" list. Which country has been added to the grey list?

(a) Panama

(b) Jordan

(c) Albenia

(d) Bulgaria

(e) Pakistan

9) Which city will host the annual Mera Houchongba festival?

(a) Imphal

(b) Aizwal

(c) Jaipur

(d) Chandigarh

(e) Agartala

10) HAWK is Introduced by the Karnataka Forest Department to Monitor Criminal Activity. In which state was the HAWK system first introduced?

(a)  Maharashtra

(b) Kerala

(c) Delhi

(d) Punjab

(e) Andhra Pradesh

11) Which bank appoints the legendary cricket player MS Dhoni as a brand ambassador?

(a) SBI

(b) BoM

(c) BoB

(d) PNB

(e) UCO

12) India-Kazakhstan Joint Military Exercise KAZIND-2023 will feature contingent teams from the Indian Army and Air Force. This is the Kazind exercise in version of _____.

(a) 4th

(b) 5th

(c) 6th

(d) 7th

(e) 8th

13) How many tonnes of Bollard Pull (BP) Tug named "Mahabali" was launched at M/s Shoft Shipyard Private Limited in Bharuch, Gujarat, by Commodore Sunil Kaushik?

(a) 21

(b) 23

(c) 25

(d) 27

(e) 29

14) AU Small Finance Bank (SFB) and Fincare Small Finance Bank (SFB) are scheduled to merge. Where is the AU SFB headquarters located?

(a) Karnataka

(b) Rajasthan

(c) Gujarat

(d) Maharashtra

(e) Delhi

15) Which country and India have inked Memorandums of Understanding (MoUs) primarily focused on strengthening collaboration within their respective academic institutions?

(a) USA

(b) China

(c) Japan

(d) UAE

(e) Australia

16) The Pension Fund Regulatory and Development Authority (PFRDA) in India introduced the National Pension System (NPS) as a pension plan in 2004. What is the scheme's upper age limit?

(a) 65

(b) 69

(c) 63

(d) 68

(e) 70

17) Where is the Financial Action Task Force's (FATF) headquarters located?

(a) Germany

(b) France

(c) Australia

(d) Switzerland

(e) USA

18) Which year would be the peak for the demand for fossil fuels, according to the World Energy Outlook 2023?

(a) 2025

(b) 2030

(c) 2028

(d) 2035

(e) 2040

19) Percy Abeysekera started off as a fan of cricket and passed away. Which cricket team does he support?

(a) India

(b) Bangladesh

(c) England

(d) Australia

(e) Srilanka

20) Which country's government has the Premier as its highest administrative position?

(a) USA

(b) UK

(c) China

(d) Japan

(e) Russia

Answers :

1) Answer: B

The Stressed Asset Stabilization Fund (SASF) was established as a trust by the Government of India in September 2004.Its primary purpose was to isolate bad loans of IDBI Bank and create a separate entity to help the bank achieve a cleaner balance sheet.SASF was set up with a defined life cycle of 20 years.A process has been initiated to evaluate about 400 non-performing loans that were transferred to the trust, and these loans have continued to remain non-performing.Approximately Rs. 9,000 crore of non-performing loans from IDBI Bank were transferred to the SASF when it was established.

2) Answer: C

Paytm has been designated as the official sponsor for the 37th National Games held in Goa.The 37th National Games were inaugurated by Prime Minister Narendra Modi at the Jawaharlal Nehru Stadium in Fatorda.This marks the first time that the National Games are being organized in the state of Goa. The event is scheduled to take place from October 26 to November 9, 2023.More than 10,000 athletes will be participating in over 43 sports disciplines, and the games will be hosted across 28 venues.

3) Answer: C

The Insurance Regulatory and Development Authority of India (IRDAI) has established a 12-member committee with the specific purpose of simplifying insurance policy wordings.The committee will be chaired by L Viswanathan, who is a member of the Insurance Advisory Committee (IAC).The committee's composition includes the Secretary Generals of the Life Insurance and General Insurance Council, the president of the Insurance Brokers Association of India (IBAI), and the Principal Officer of the State Bank of India (Corporate Agent).

4) Answer: B

The Government e-marketplace (GeM) has registered a service growth of 47 per cent or 1.5 lakh crore rupees in the current financial year 2023-24 till now. It has provided services to multiple Central Public Sector Enterprises (CPSEs), Union Ministries, and State governments. Coal India Limited has emerged as the biggest buyer with orders worth more than 24 thousand crore rupees.

5) Answer: C

The Ministry of Corporate Affairs has mandated private companies to go for dematerialisation of their securities.The time period to comply with the recent directives is until the end of September 2024. After September 30, 2024, no private company will be able to issue or buy back its stocks until all of the promoters', directors', and key managerial employees' securities have been dematerialized. In 1996, the National Securities Depository Limited (NSDL) was established, and with it, the dematerialization of shares of public companies (listed in bourses) began.

6) Answer: B

The Pension Fund Regulatory & Development Authority (PFRDA) allows a Systematic Lumpsum Withdrawal (SLW) facility for NPS subscribers; pensioners can withdraw up to 60% of funds periodically Subscribers to the NPS now have the option to use the Systematic Lumpsum Withdrawal (SLW) facility to automatically take 60% of their pension corpus National Pension System (NPS) subscribers can use the SLW facility periodically (monthly, quarterly, half-yearly or annually) for a period till 75 years of age. Earlier, the lump sum amount could be withdrawn in a single tranche or could be withdrawn annually.

7) Answer: C

Prime Minister Narendra Modi will inaugurate the ‘World Food India 2023’ on November 3rd at Pragati Maidan in New Delhi. The three-day event is being organized by the Ministry of Food Processing Industries to showcase the rich Indian food culture to the world Secretary of the Ministry of Food Processing Industries Anita Praveen said over 1200 exhibitors from 23 states and several countries will participate in the event.

8) Answer: D

It has added Bulgaria to the grey list in its review published on 27 October 2023 FATF has also removed Panama, Jordan and Albania from the grey list. FATF has added Bulgaria to the grey list. The Cayman Islands was added to the grey list in 2021 It was in the news during the investigation into charges made by Hindenburg Research against the Adani Group As per the National Securities Depository (NSDL) website, 385 foreign portfolio investors (FPIs) registered in India are based in the Cayman Islands.

9) Answer: A

In Manipur,  the annual festival - Mera Houchongba will be celebrated at Kangla in Imphal.The festival is held to foster and consolidate relations among hill tribes and valley people of Manipur.The festival is traditionally observed and celebrated during the month of 'Mera,' which typically falls in either September or October.The term 'Houchongba' itself translates to 'intermingling' or 'amalgamation.'

10) Answer: B

HAWK is a large ERP (Enterprise Resource Planning) model cloud-based system that uses both mobile and desktop interfaces for data management.The entire HAWK system is divided into various modules that are interconnected with individual stand-alone functions.The development of HAWK began in 2017 in the state of Kerala, initiated by a joint team of the Kerala Forest Department and the Wildlife Trust of India.The system was officially launched in Kerala in 2019 and has since become the official system of the state forest department.

11) Answer: A

The State Bank of India (SBI), the country's largest lender, has appointed cricketing legend Mahendra Singh Dhoni as its official Brand Ambassador.Aim of the Appointment: To strengthen SBI's connection, particularly with the younger population.Role : As the brand ambassador of SBI, Dhoni will play a pivotal role in various marketing and promotional campaigns for the bank.Among public sector banks, other notable sports figures serving as brand ambassadors include badminton players PV Sindhu and K Srikanth, as well as cricketer Shafali Verma, who are brand ambassadors for Bank of Baroda.

12) Answer: D

The Indian Army and Indian Air Force (IAF)  contingent, comprising 120 personnel, departed to take part in the Joint Military ‘Exercise KAZIND-2023’ which will be conducted at Otar, Kazakhstan, from October 30th to November 11th, 2023.It is the 7th edition of the Kazind exercise.Indian Army contingent comprises 90 personnel led by a Battalion from the DOGRA Regiment. The Kazakhstan contingent is mainly represented by personnel from Regional Command South of Kazakh Ground Forces. 30 personnel of the Air Force from both sides will also participate in the current edition of the Exercise alongside the Army contingents.

13) Answer: C

'Mahabali' is a 25-ton Bollard Pull (BP) Tug.This vessel, a creation of Shoft Shipyard located in Bharuch, Gujarat, is one of three such tugs commissioned as part of a collaborative effort between the Ministry of Defence and the Shipyard.The tug has been constructed in accordance with the classification rules set forth by the Indian Register of Shipping (IRS).Its primary role is to assist naval ships and submarines during berthing and unberthing operations, as well as to navigate through confined waters.It is equipped to enhance firefighting capabilities for ships alongside and at anchorage.

14) Answer: B

Headquarters of AU SFB Jaipur, Rajasthan.The merger is scheduled to take effect from February 1, 2024.The merger scheme is contingent on approval from the respective shareholders of AU SFB and Fincare SFB, as well as regulatory bodies including the Reserve Bank of India (RBI) and the Competition Commission of India (CCI).Share Exchange Ratio : Under the amalgamation plan, shareholders of Fincare Small Finance Bank will get 579 equity shares of AU Small Finance Bank Ltd for every 2,000 fully paid-up equity shares they own.

15) Answer: D

India and the United Arab Emirates (UAE) have signed a Memorandum of Understanding (MoU) with the primary aim of enhancing cooperation within their respective educational institutions. This agreement seeks to foster a stronger relationship by promoting various forms of collaboration, such as student and faculty exchanges, joint research initiatives, curriculum design, and active participation in educational events The MoU, which signifies a milestone in the education sector for both nations, will enable the facilitation of academic mobility by encouraging students and faculty to engage in enriching experiences across borders.

16) Answer: E

The National Pension System (NPS) is a pension scheme launched by the Pension Fund Regulatory and Development Authority (PFRDA) in India in 2004. It is mandatory for government servants who joined the service on or after January 1, 2004. For others, it is a voluntary scheme. It allows subscribers to contribute towards their retirement savings during their working life. It is open to all Indian citizens between the ages of 18 and 70 years.

17) Answer: B

About FATF:

  • Founded: 1989
  • Headquarters: Paris, France
  • President: T Raja Kumar

18) Answer: B

According to the World Energy Outlook 2023, Fossil fuel demand would reach its peak by 2030. Under existing policies of governments, Global emissions are on track to raise temperatures by 2.4 degrees Celsius. Oil and natural gas demand will reach its peak before 2030.  The rise of electric vehicles (EVs) is contributing to the shift from fossil fuels. Liquefied natural gas (LNG) demand in 2050 will be 15 per cent lower than projected earlier.

19) Answer: E

Percy Abeysekera, the well-known flag-waving and quick-witted supporter of the Sri Lankan cricket team, passed away in Colombo at the age of 87.He was affectionately known as "Uncle Percy" by both fans and cricketers due to his enduring presence and support for the Sri Lankan cricket team.Percy Abeysekera began his journey as a cricket supporter during the 1979 World Cup and attended all major cricketing events around the world where Sri Lanka played, except the most recent World Cup due to declining health.Abeysekera had close friendships with prominent Sri Lankan cricketers like Arjuna Ranatunga, Sanath Jayasuriya, and Kumar Sangakkara, making him an integral figure in Sri Lanka's cricketing community.

20) Answer: C

The Premier is thehighest administrative positionin the Government of China.The Premier heads the State Council and is responsible for organizing and administering the Chinese civil bureaucracy.Li Keqiang, a Chinese economist and politician who served as the premier of the People's Republic of China from 2013 to 2023 passed away at the age of 68 in Shanghai,China.

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