Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2023 of 03rd March 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) Which of the following organisation has tightened norms for Asset Reconstruction Companies (ARCs) on income recognizing fees?

(a) RBI

(b) SIDBI

(c) SEBI

(d) NABARD

(e) NHB

2) Which Life Insurance has announced its bancassurance partnership with Unity Small Finance Bank (Unity Bank) for the distribution of life insurance products through the Bank’s network?

(a) Bajaj Life Insurance

(b) Max Life Insurance

(c) Bharti AXA Life Insurance

(d) Star Health Insurance

(e) HDFC Life Insurance Company

3) Recently, The State Bank of India (SBI) launched a new retail term deposit scheme called Amrit Kalash Deposit. What is the total tenure of the deposit scheme?

(a) 400 days

(b) 365 days

(c) 300 days

(d) 500 days

(e) 600 days

4) Aditya Birla Sun Life Insurance (ABSLI) has launched a new-age savings solution ABSLI Nishchit Aayush Plan. What is the minimum annualised premium?

(a) ₹25,000

(b) ₹30,000

(c) ₹15,000

(d) ₹35,000

(e) ₹10,000

5) As per the recent report, Which of the following organization has laid out a nine-point action plan for crypto assets?

(a) ADB

(b) IMF

(c) WTO

(d) UNDP

(e) World Bank

6) The President Droupadi Murmu has formally inaugurated the 14^th edition of Sanskriti Mahotsav in_____________.

(a) Bikaner, Rajasthan

(b) Pune, Maharashtra

 (c) Noida, Uttar Pradesh

(d) Jaisalmer, Rajasthan

(e) Jamnagar, Gujarat

7) How many "Clean Plant Centers" are the Union Government planning to construct in order to boost domestic production?

(a) 16

(b) 8

(c) 10

(d) 12

(e) 15

8) Which Ministry has approved the renaming of Aurangabad city as “Chhatrapati Sambhajinagar” and Osmanabad city as “Dharashiv”?

(a) Ministry of Rural Development

(b) Ministry of Home Affairs

(c) Ministry of Science and Technology

(d) Ministry of Housing and Urban Affairs

(e) Ministry of Finance

9) Giorgia Meloni will be the Chief Guest and keynote speaker at the 8^th Raisina Dialogue to be held in March 2023.  Giorgia Meloni is the Prime Minister of which country?

(a) Egypt

(b) Italy

(c) Mongolia

(d) Serbia

(e) Australia

10) Which of the following country has provided loans worth Rs 2,288 crore for 2 projects in India?

(a) Bangladesh

(b) Australia

(c) Netherland

(d) Japan

(e) Maldives

11) Recently in March 2023, Which of the following temple in Kerala for the first time used a ‘robotic elephant’ for performing rituals?

(a) Sreekandeswaram Temple

(b) Vepoor Sreerama Temple

(c) Kallayi Karanavar Temple

(d) Irinjadappilly Sri Krishna Temple

(e) Varakkara Bhagavathi Temple

12) Who has been appointed as the first woman Science Directorate of National Aeronautics and Space Administration (NASA)?

(a) Claudia Heffner

(b) Sophia Myles

(c) Brittany Peltz

(d) Nicola Fox

(e) Selena Gomez

13) As per the recent report, Who has been awarded the 2023 Marconi Prize?

(a) Harish Goenka

(b) Swati Sharma

(c) D. J. Pandian

(d) Sugandh Saxena

(e) Hari Balakrishnan

14) By the end of 2023, the Civil Aviation Research Organisation (CARO), a facility with advanced simulators being established in __________, will be fully operational.

(a) Mumbai, Maharashtra

(b) Vadodara, Gujarat

(c) Chennai, Tamil Nadu

(d) Pune, Maharashtra

(e) Hyderabad, Telangana

15) Which Ministry has signed an MoU with Meesho to drive digital inclusion of all women registered under State Rural Livelihood Missions (SRLMs) and enable them to sell online?

(a) Ministry of Rural Development

(b) Ministry of Women and Child Development

(c) Ministry of Panchayati Raj

(d) Ministry of Housing and Urban Affairs

(e) Ministry of Agriculture & Farmers Welfare

16) Australia won the ICC Women's Twenty20 World Cup 2023 title.Australia has lifted the ICC Women's Twenty20 World Cup trophy for the _____time.

(a) 4^th

(b) 5^th

(c) 3^rd

(d) 7^th

(e) 6^th

17) Recently, LeBron James has been seen in the news. Which of the following sport did he relate to?

(a) Basketball

(b) Tennis

(c) Badminton

(d) Hockey

(e) Football

18) Who is the author of the new book titled “COACHING BEYOND: My Days with the Indian Cricket Team” recently released?

(a) R. Kaushik

(b) Ravi Shastri

(c) R. Sridhar

(d) All of the above

(e) Both A and C

19) The 'World Book Fair' has been organised at Pragati Maidan, New Delhi.Which country has been designated as the Guest of Honor country at the World Book Fair?

(a) Japan

(b) Russia

(c) Ukraine

(d) Belgium

(e) France

20) Every year, World Wildlife day has been celebrated on which of the following day?

(a) 4 March

(b) 2 March

(c) 1 March

(d) 3 March

(e) 5 March

Answers :

1) Answer: A

As a step to curb asset reconstruction companies (ARCs) from breaching income recognition norms, the Reserve Bank of India (RBI) stated that ARCs will deduct amounts from net-owned funds while calculating the Capital Adequacy Ratio.

They will have to deduct these amounts from the amount available for payment of dividends as well.

After implementing Indian Accounting standards (Ind AS), some ARCs have been recognising management fees even though the fee had not been realised for more than 180 days.

ARCs preparing financial statements as per Ind AS, will have to deduct the Management fee recognised during the planning period that remains unrealised beyond 180 days from the date of expiry of the planning period.

They will have to reduce unrealised management fees where the net asset value of the Security Receipts has fallen below 50% of the face value.

2) Answer: C

Bharti AXA Life Insurance, announced its bancassurance partnership with Unity Small Finance Bank (Unity Bank), a new-age, digital-first bank for the distribution of life insurance products through the Bank’s network of 111 branches and 206 offices pan-India.

Unity Bank’s customers will benefit from a diverse range of new-age insurance solutions offered by Bharti AXA Life.

3) Answer: A

India’s largest lender State Bank of India (SBI) has launched a new retail term deposit scheme called Amrit Kalash Deposit.

About Amrit Kalash Deposit Scheme :

The Amrit Kalash Deposit  is valid for customers from 15 February to 31 March 2023.

The scheme is launched for both domestic and Non-Resident Indian (NRI) customers

The interest rate of regular citizens is 7.10% while the interest rate of senior citizens is 7.60%.

The total tenure of the deposit scheme is 400 days.

For example, if they invest Rs 1 lakh in the SBI Amrit Kalash deposit scheme, after 400 days they will receive an interest of Rs 8,600.

4) Answer: B

Aditya Birla Sun Life Insurance (ABSLI), the life insurance subsidiary of Aditya Birla Capital Limited (ABCL), has launched a new-age savings solution ABSLI Nishchit Aayush Plan.

About ABSLI Nishchit Aayush Plan :

The Plan is a non-linked non-participating individual savings life insurance plan offering guaranteed regular income starting as early as the end of the first policy month along with a lump-sum benefit at maturity.

Key Features :

The maximum entry age to avail ABSLI Nishchit Aayush Plan is 55 years, while the minimum age is 30 days (long-term income option) and 30 years (whole life income).

The minimum annualised premium is ₹30,000.

5) Answer: B

The International Monetary Fund laid out a nine-point action plan for crypto assets.

The action plan gives direction on how countries should handle crypto assets and urges them to not give legal tender to cryptocurrencies such as bitcoin.

6) Answer: A

14th RashtriyaSanskriti Mahotsav was formally inaugurated by President DroupadiMurmu.

The 14th edition of Sanskriti Mahotsav is being held in Bikaner, Rajasthan.

The Sanskriti Mahotsav is being organized at Dr. Karni Singh Stadium.

It is a 9-days long festival.

It is being organized for the first time in Rajasthan.

The festival started on 25 February 2023.

It will continue till 5 March 2023.

In the festival, about one thousand well-known artists from across the country will perform.

Sand sculpture, an exhibition based on crafts and other arts is also being organized as part of the festival.

The festival is aimed at preserving, promoting and popularizing the rich cultural heritage of the country

7) Answer: C

In order to increase domestic production, the Center plans to establish 10 "Clean Plant Centers" as the demand for fruits like apple, avocado and blueberry has increased over time.

These centers will be set up under the ‘Atmanirbhar Clean Plant Program’, which was announced by the Finance Minister in the Union Budget 2023-24.

The 10 centres will be established for fruit crops like apple, walnut, almond, grapes, mango, pomegranate, etc., and will be fully funded by the Centre.

The centres will be implemented in a PPP mode in partnership with research organisations, agriculture universities and private sector partners.

The Clean Plant Centres will provide services of disease diagnostic, therapeutics, multiplying of plants and generation of mother plants.

The demand for imported planting material for various fruit plants has risen sharply over the years (for example, from 21.44 lakh apple plants in 2018 to 49.57 lakh imported in 2020).

8) Answer: B

The Ministry of Home Affairs (MHA) has approved the renaming of Aurangabad city as “Chhatrapati Sambhajinagar” and Osmanabad city as “Dharashiv”.

Aurangabad derives its name from the Mughal emperor Aurangzeb, while Osmanabad was named for a 20th-century ruler of the princely state of Hyderabad.

Chhatrapati Sambhaji, the eldest son of warrior king Chhatrapati Shivaji Maharaj, was the second ruler of the Maratha state founded by his father.

Sambhaji Maharaj was executed on Aurangzeb's orders in 1689.

9) Answer: B

Italian Prime Minister (PM) MsGiorgiaMeloni will be the chief guest and keynote speaker at the 8th Raisina Dialogue.

India Prime Minister Shri Narendra Modi will inaugurate the 8th edition of the dialogue which will be held from 2 March to 4 March 2023 in New Delhi.

Its theme is "Provocation, Uncertainty, Turbulence: Lighthouse in the Tempest.

The 7th Raisina Dialogue was held from 25-27 April 2022 in New Delhi.

10) Answer: D

Japan will provide loans worth Rs 2,288 crore to India for the Mumbai Trans-Harbour Link Project in Maharashtra and a Super-Specialty Cancer and Research Centre in Mizoram.

Japan has approved JPY 30.755 billion or about Rs 1,728 crore for the project in Maharashtra and JPY 9.918 billion or around Rs 560 crore for developing the centre in Mizoram.

11) Answer: D

In first, the Irinjadappilly Sri Krishna Temple in Kerala's Thrissur district used a mechanical, life-like elephant for performing rituals.

For the first time, a Kerala temple used a ‘robotic elephant’ for performing rituals.

This was followed by a call taken by the temple to never keep or hire elephants or any other animals for rituals, festivities, or any other purpose, so People for Ethical Treatment of Animals (PETA) India came up with the robotic elephant.

Key Highlights :

The name of the elephant was Raman. The 11-foot-tall robotic elephant is made up of an iron frame and rubber coating weighing 800kg. It has 5 powerful electric motors.

12) Answer: D

The National Aeronautics and Space Administration (NASA) has picked a longtime solar scientist who heads its heliophysics division, Dr Nicola Fox to become the U.S. space agency’s science chief – the first woman named to serve in the role.

This will be the first time that a woman has led the space agency’s science division.

Fox will succeed Mr Thomas Zurbuchen, a Swiss-American astrophysicist who had led the directorate since 2016 & he retired in December 2022.

Sandra Connelly, formerly Zurbuchen’s deputy, has been leading the directorate in an acting capacity.

13) Answer: E

The 2023 Marconi Prize has been awarded to Hari Balakrishnan, the Fujitsu Professor of Computer Science and Artificial Intelligence in the Department of Electrical Engineering and Computer Science at Massachusetts Institute of Technology (MIT).

He is also the founder of Cambridge Mobile Telematics (CMT).

The Marconi Prize is the flagship award of the Marconi Society, given annually to innovators who have made significant contributions to increasing digital inclusivity through the advancement of information and communications technology.

14) Answer: E

The Civil Aviation Research Organisation, (CARO), a facility with advanced simulators being established in Hyderabad, will become fully operational by the end of 2023.

It will have labs to analyse cyber security threats, and facilitate aviation data management.

About CARO :

CARO, which is being established on a 20-acre plot within the Begumpet airport at a cost of ₹402.13 crore, will offer solutions in key areas in the civilian aviation sector in India.

Its foundation stone was laid by Suresh Prabhu, the then civil aviation minister, in July 2018, and was originally scheduled to be operational by May 2022.

A research facility is functioning in a limited way at Begumpet airport with employees of the Airports Authority of India (AAI)

15) Answer: A

The Ministry of Rural Development and Meesho, one of India’s major online marketplaces, signed a memorandum of understanding (MoU) to drive digital inclusion of all women registered under State Rural Livelihood Missions (SRLMs) and enable them to sell online.

The partnership will give impetus to Meesho’s ongoing efforts to onboard rural women entrepreneurs in various states and enable them to launch and grow their businesses online.

Over the last few months, Meesho has tied up with several government-run self-help groups (SHGs), such as Sanjeevini, Karnataka State Rural Livelihood Mission, and UMEED, Jammu and Kashmir Rural Livelihoods Mission.

Meesho will now work with the central government to facilitate this digitisation at scale, organising rural women as community institutions, ensuring their financial inclusion and helping them with market access.

16) Answer: E

Australia won the ICC Women's Twenty20 World Cup 2023 title.

Australia defeated South Africa by 19 runs in the final match played in Cape Town.

Chasing a target of 157 runs for the win, the South African team could manage only 137 runs at the loss of six wickets in the stipulated 20 overs.

Australia has lifted the ICC Women's Twenty20 World Cup trophy for the sixth time.

Australia's previous victories came in 2010, 2012, 2014, 2018 and 2020.

Beth Mooney has won the Player of the Match.

Ashleigh Gardner has won the Player of the Tournament.

17) Answer: A

LeBron James has confirmed his status as one of the most dominant NBA players in history after passing Kareem Abdul-Jabbar’s all-time scoring record.

The 38-year-old passed Abdul-Jabbar’s mark of 38,387 points.

But while Abdul-Jabbar took 1,560 games to record his total, James set his record in just over 1,400 appearances.

Michael Jordan has the most points per game in NBA history with 30.1.

James is fifth on that list with 27.1, just behind another active player, Kevin Durant (27.3).

18) Answer: E

A book titled ‘COACHING BEYOND: My Days with the Indian Cricket Team’ authored by R. Kaushik & R. Sridhar.

The book primarily reflects on R. Sridhar’s seven-year coaching tenure with the Indian cricket team as its fielding coach

The book is not technical but anecdotal, providing an insider's account of the rise and rise of Indian cricket

The book covers Virat Kohli's journey, Rishabh Pant's development and the team's progression towards the number one Test ranking.

R. Kaushik has been a cricket writer for more than three decades.

19) Answer: E

The 'World Book Fair' in New Delhi is being organized from the 25th of feb to the 5th of march at Pragati Maidan, New Delhi.

Education Minister Dharmendra Pradhan has inaugurated the fair

France has been designated as the Guest of Honor country at the World Book Fair.

The theme of the 'International Book Fair' to be held in New Delhi for 2023 is "Elixir of Freedom", to celebrate and remember 75 years of India and its glorious past in honour of the 75th anniversary of India's independence.

20) Answer: D

World Wildlife day 2023 is celebrated on March 3rd, 2023.

World Wildlife Day 2023 theme is "Partnerships for wildlife conservation.".

This aims to draw attention to the conservation of some of the most severely endangered species of Wild animals and plants.

It commemorates the day of the signature of the Convention on International Trade in endangered species of wild fauna and flora.

Thailand proposed World Wildlife Day in the General Assembly of the UN on December 20, 2013, to create awareness among people about Worlds’ Wild animals and plants.