Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2023 of 07th April 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.

 

Start Quiz

 

1) Which of the following became the first Indian bank to open special vostro account for India-Malaysia trade settlement in rupee?

(a) Punjab National Bank

(b) State Bank of India

(c) UCO Bank

(d) Union Bank of India

(e) Bank of Baroda

2) Recently, Which of the following non-banking financial company has announced the launch of ‘Loan Against Mutual Fund’ (LAMF)?

(a) Cholamandalam

(b) Blue Chip

(c) Bajaj Capital

(d) Muthoot Finance

(e) Geojit Credits

3) Recently, Which of the following bank has inaugurated its first dedicated Branch for start-ups at Pune, Maharashtra?

(a) Bank of Maharashtra

(b) State Bank of India

(c) Bank of Baroda

(d) Punjab National Bank

(e) ICICI Bank

4) The World Bank has lowered its forecast for India's economic growth in the current fiscal year that started on April 1 to _____ from 6.6%.

(a) 6.2%

(b) 6.3%

(c) 6.1%

(d) 5.9%

(e) 6.5%

5) Recently, The Union Government has launched a new Centrally Sponsored Scheme namely, “New India Literacy Programme” (NILP). The scheme aims to cover a target of 5.00 crore non-literates in the age group of ____years and above.

(a) 22

(b) 25

(c) 20

(d) 18

(e) 15

6) As per the recent report, The Ministry of Education has selected how many schools for Pradhan Mantri Schools for Rising India (PM SHRI) scheme?

(a) 7300

(b) 5500

(c) 4000

(d) 9000

(e) 8200

7) What is the projected India’s GDP forecast for FY24, as per the Asian Development Bank (ADB) report?

(a) 7.4%

(b) 8.5%

(c) 6.4%

(d) 8.2%

(e) 7.5%

8) The Ministry of Commerce Piyush Goyal has unveiled Foreign Trade Policy (FTP) 2023 to raise India’s goods and services exports to two trillion dollars by_______.

(a) 2025

(b) 2027

(c) 2026

(d) 2030

(e) 2031

9) As per the recent report, India's fiscal deficit for FY23 touched 14.53 trillion rupees in the 11 months through February - nearly ____  of annual estimates.

(a) 52%

(b) 67%

(c) 45%

(d) 83%

(e) 95%

10) Nokia has changed its iconic logo after nearly 60 years to revamp its brand identity for the first time in the company’s history. Where is the headquarters of Nokia located?

(a) Ukraine

(b) Moldova

(c) Finland

(d) USA

(e) Germany

11) The combined Index of Eight Core Industries (ICI) increased by ______  (provisional) in February 2023 as compared to the Index of February 2022.

(a) 5.7per cent

(b) 7.2 per cent

(c) 6.0 per cent

(d) 6.8per cent

(e) 8.3per cent

12) NTPC Renewable Energy has signed Term Sheet with Greenko ZeroC to Supply 1300 MW Round the Clock RE Power for powering Greenko’s upcoming Green Ammonia Plant at______________.

(a) Kakinada, Andhra Pradesh

(b) Dahej, Gujarat

(c) Chennai, Tamil Nadu

(d) Pune, Maharashtra

(e) Hyderabad, Telangana

13) Who has been appointed as the 40th National President of Federation of Indian Chambers of Commerce and Industry (FICCI) Ladies Organization (FLO) for the term 2023-24?

(a) Sourabh Sharma

(b) Mayank Rai

(c) Sudha Shivakumar

(d) Akshaye Widhani

(e) Ramkrishna Mukkavilli

14) Kenichi Umeda has been appointed as the new Managing Director (MD) of the _______________.

(a) Bajaj Auto

(b) Suzuki Motorcycle India

(c) TVS Motor Company

(d) Kawasaki Motors India

(e) Kia India

15) Consider the following statement regarding 3D-printed Dhawan II engine. Which of the following statement is incorrect?

(i) The private space vehicle company Skyroot Aerospace has test-fired its 3D-printed Dhawan II engine for a duration of 200 seconds in Telangana.

(ii) Dhawan-II is a 3.5 Kilo Newton (kN) cryogenic engine named after India's top rocket scientist, A.P.J. Abdul Kalam.

(iii) The engine builds upon the foundation laid by Skyroot's first privately developed fully-cryogenic rocket engine, the 1.0 kN (kilo Newton) thrust Dhawan-I, which was successfully test-fired in November 2021.

(a) Only (i)

(b) Both (i) and (ii)

(c) Only (ii)

(d) Both (ii) and (iii)

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

16) Axis Securities Limited has appointed Mr Pranav Haridasan as its new Managing Director (MD) and Chief Executive Officer (CEO) for a tenure of___ years.

(a) 5

(b) 4

(c) 3

(d) 2

(e) 6

17) The CGTMSE has issued guidelines regarding reduction of the annual guarantee fee for loans up to Rs. 1 crore from a peak rate of ____ per annum to as low as 0.37% per annum.

(a) 2%

(b) 4%

(c) 6%

(d) 3%

(e) 5%

18) The Petroleum and Natural Gas Regulatory Board (PNGRB) has amended PNGRB  under the mission of “One Nation, One Grid and One tariff".PNGRB has notified a tariff of _______ /MMBTU and created three tariff zones for a unified tariff.

(a) Rs 56.93

(b) Rs 73.93

(c) Rs 68.93

(d) Rs 42.93

(e) Rs 65.93

19) As per the recent report, Finland became the ___  member of North Atlantic Treaty Organisation (NATO).

(a) 33^rd

(b) 29^th

(c) 31^st

(d) 28^th

(e) 30^th

20) Every year, World Health Day has been observed  on which of the following date?

(a) 5April

(b) 6April

(c) 4April

(d) 7April

(e) 8 April

Answers :

1) Answer: D

Public sector lender Union Bank of India (UBI) becomes the first bank in the country to open a Special Rupee Vostro Account (SRVA) through its corresponding bank in Malaysia i.e. India International Bank of Malaysia (IIBM).

This means that trade between India and Malaysia can now be settled in the Indian rupee, in addition to the current modes of settlement in other currencies.

Aim :

To facilitate the growth of global trade and to support the interests of the global trading community in Indian Rupee.

Key Highlights :

UBI's move is in line with RBI's direction in July, 2022 to allow the settlement of international trade in Indian Rupees.

India-Malaysia bilateral trade, which has reached US$19.4 billion in FY 2021-22.

Malaysia is the third largest trading partner of India in the ASEAN region, after Singapore and Indonesia that account for $30.1 billion and $26.1 billion bilateral trade with India respectively.

In March 2023, banks from 18 countries were allowed by the Reserve Bank of India (RBI) to open SRVAs to settle payments in Indian rupees.

2) Answer: E

Geojit Credits, a non-banking financial company, announced the launch of ‘Loan Against Mutual Fund’ (LAMF).

Through this, investors can avail of quick and hassle-free loans starting from Rs 10,000 in the 100% digital mode.

Key Highlights :

A LAMF allows investors to raise instant funds at attractive interest rates for their short-term liquidity requirements by keeping their mutual fund investments as collateral.

Investors can avail of the loan anytime, and the loan amount will be credited to their registered bank account within a few hours.

Investors can repay their loan amount without incurring any prepayment or foreclosure charges.

Geojit Credits’ loan against mutual funds interest rate starts from just 8.99% per annum.

The interest would be charged only on the amount utilised by investors and for the loan duration.

Geojit Credits is a subsidiary of Kochi-based Geojit Financial Services.

3) Answer: A

Bank of Maharashtra (BoM), a premier public sector bank in the country, has inaugurated its first dedicated Branch for start-ups at Pune, Maharashtra.

The dedicated branch will provide all kinds of support to a startup during its growth journey.

A S Rajeev, MD & CEO, Bank of Maharashtra and Prashant Girbane, Director General, Mahratta Chamber of Commerce, Industries and Agriculture (MCCIA) inaugurated the Start-up Branch at FC Road, Yashomangal, Pune City Zonal Office.

Start-ups are an entrepreneur venture in the early stage of business operation, which if properly nurtured becomes an integral pillar of economic growth, employment generation while satisfying evolving needs of its clients with innovation.

During the event Bank of Maharashtra signed a Memorandum of Understanding (MoU) with Small Industries Development Bank of India (SIDBI) venture capital for proactive financing of start-ups.

4) Answer: B

The World Bank has lowered its forecast for India's economic growth in the current fiscal year that started on April 1 to 6.3% from 6.6%.

Asia's third-largest economy recorded year-on-year growth of 4.4% in October-December, down from 11.2% a year back and 6.3% in the preceding quarter

The World Bank estimated a 6.9% growth in FY23 .

Key Highlights :

It projected the current account deficit to narrow to 2.1% of gross domestic product for the current fiscal year from an estimated 3% in the previous year, on the back of robust service exports and a narrowing merchandise trade deficit.

The finance ministry's Economic Survey has projected economic growth to be 6.5% in the 2023-24 fiscal beginning April 2023, while the RBI has projected India's economic growth to slow down to 6.4% in FY24 from 7% in the previous fiscal.

Recently, S&P Global Ratings kept its forecast for India's economic growth unchanged at 6% in the fiscal year starting April 1, before rising to 6.9% in the following year.

In the quarterly economic update for Asia-Pacific, S&P saw inflation rate easing to 5% in 2023-24 fiscal, from 6.8% in the current financial year.

5) Answer: E

Government has launched a new Centrally Sponsored Scheme namely, “New India Literacy Programme” (NILP) for implementation during five years from the FYs 2022-23 to 2026-27 with financial outlay of Rs.1037.90 crore out of which Rs.700.00 crore is Central share and Rs.337.90 crore is State share.

The scheme aims to cover a target of 5.00 crore non-literates in the age group of 15 years and above.

The Scheme has five components:

Foundational Literacy and Numeracy,

Critical Life Skills,

Vocational Skills Development,

Basic Education and

Continuing Education.

6) Answer: D

Education Ministry selected 9000 schools for Pradhan Mantri Schools for Rising India (PM SHRI) scheme.

9,000 schools from across India have been shortlisted for the Pradhan Mantri Schools for Rising India (PM SHRI) programme.

These schools have been selected from 2.5 lakh government schools, including Kendriya Vidyalayas and Navodaya Vidyalayas.

The schools have been selected on six parameters, which are given below:

Curriculum, pedagogy, and assessment

Access and infrastructure

Human resources leadership

Inclusive practices and gender equity

Management, monitoring, and governance

Beneficiary satisfaction

PM SHRI scheme’s main aim is to develop more than 14,500 schools for the cognitive development of students.

The effective implementation of this scheme will help in the proper implementation of the New Education Policy.

7) Answer: C

The Asian Development Bank (ADB) slashed its India growth forecast for FY24 to 6.4% from 7.2% estimated earlier, citing risks arising from global and domestic factors.

For FY23, ADB pared down its growth forecast to 6.8% from 7% estimated earlier.

The current account deficit is projected to decline to 2.2% of GDP in FY24 and 1.9% in FY25.

ADB stated that private consumption will be the main driver of growth and the large domestic consumption base will mitigate the impact of a global slowdown.

8) Answer: D

Ministry of Commerce Piyush Goyal has unveiled Foreign Trade Policy (FTP) 2023 to raise India’s goods and services exports to two trillion dollars by 2030.

India is likely to end this fiscal year with total exports of $760-770 billion as against $676 billion in 2021-22.

It will replace Foreign Trade Policy 2015-20 and will become effective from 1 April 2023.

The Foreign Trade Policy 2015-20 was extended due to the Covid-19 pandemic and volatile geo-political.

The last extension was given in September 2022 till March 31, 2023.

Earlier the duration of foreign trade policy was of five years.

The latest policy has no end date and will be updated as per the need.

9) Answer: D

India's fiscal deficit for FY23 touched 14.53 trillion rupees in the 11 months through February - nearly 83% of annual estimates.

As per government data the numbers are 17% higher than last year.

The country has targeted a budget deficit of 6.4% for the fiscal year ending this month.

Data released by the Controller General of Accounts added that the fiscal deficit or gap between the expenditure and revenue collection between April 2022 and February 2023 stood at ₹14.53 lakh crore.

Net tax collection in the first 11 months of this fiscal was at ₹17,32,193 crore while total expenditure incurred by the government was ₹34.93 lakh crore.

Finance Minister Nirmala Sitharaman had said that the fiscal deficit target for 2023-24 was pegged at 5.9% of the GDP.

The government intends to bring the fiscal deficit below 4.5% of the GDP by 2025-26.

10) Answer: C

Nokia has changed its iconic logo after nearly 60 years to revamp its brand identity for the first time in the company’s history.

The new logo is made up of five different shapes making the word NOKIA.

Nokia redesigned its logo to avoid being associated with mobile phones, a sector it left almost ten years ago.

CEO Lundmark said that Nokia is no longer just a smartphone company, but a “business technology company.”

Nokia is a Finnish multinational telecommunication company, established in 1865 in Espoo, Finland.

Nokia 1100 was the most popular phone of its time in India w ith a substantial market share before the advent of smartphones.

It was known for its durability and sturdiness.

1865 – Nokia is founded as a paper mill in Tampere, Finland.

There is currently no logo.

1965 – Nokia begins manufacturing electronics and introduces a simple logo.

11) Answer: C

The combined Index of Eight Core Industries (ICI) increased by 6.0 per cent (provisional) in February 2023 as compared to the Index of February 2022.

The production of Fertilizers, Coal, Electricity, Cement, Steel, Refinery Products and Natural Gas increased in February 2023 over the corresponding month of last year.

The Eight Core Industries comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP).

The Office of Economic Adviser, Department for Promotion of Industry and Internal Trade (DPIIT) in the Commerce and Industry Ministry releases the Index of Eight Core Industries.

12) Answer: A

NTPC Renewable Energy Ltd, a wholly owned subsidiary of NTPC Green Energy Limited, has signed Term Sheet with Green ko ZeroC Pvt Ltd (A Greenko Group Company) to Supply 1300 MW Round the Clock RE Power for powering Greenko’s upcoming Green Ammonia Plant at Kakinada, Andhra Pradesh.

The agreement between the two companies is one of the world’s single largest contract for supply of round-the-clock renewable supply for an industrial client.

13) Answer: C

Sudha Shivakumar has been appointed as the 40th National President of Federation of Indian Chambers of Commerce and Industry (FICCI) Ladies Organization (FLO), a women-led and women-focused business chamber from South East Asia for the term 2023-24.

She succeeds Mr jayanti Dalmia, 39th national president of FICCI FLO (2022-23)

As National President, Shivakumar's main focus will be on empowering women by creating an enabling environment that promotes entrepreneurship, industry participation and economic growth of women.

14) Answer: B

Suzuki Motorcycle India Pvt Ltd (SMIPL) announced the appointment of Mr Kenichi Umeda as its new Managing Director (MD).

Mr Umeda succeeds Satoshi Uchida, who has completed his term as the MD of the company, SMIPL.

Mr Umeda will now be responsible for further growing and strengthening Suzuki Motorcycle India’s position in the Indian and overseas markets.

15) Answer: C

The private space vehicle company Skyroot Aerospace has test-fired its 3D-printed Dhawan II engine for a duration of 200 seconds in Telangana.

The test was conducted at Solar Industries propulsion test facility in Nagpur, Maharashtra using Skyroot’s indigenously developed mobile cryogenic engine test pad.

About Dhawan II :

Dhawan-II is a 3.5 Kilo Newton (kN) cryogenic engine named after India's top rocket scientist, Dr. Satish Dhawan.

The engine builds upon the foundation laid by Skyroot's first privately developed fully-cryogenic rocket engine, the 1.0 kN (kilo Newton) thrust Dhawan-I, which was successfully test-fired in November 2021.

The cryogenic rocket engine uses two high-performance rocket fuels, Liquid Natural Gas (LNG) and Liquid Oxygen (LoX), which require cryogenic temperatures (below -150° Celsius) for storage and operation.

LNG is more than 90% Methane, and LoX is a green burning fuel that is environmentally friendly.

The 3D-printed Dhawan – II engine also uses a 3D-printed torch igniter and a bellow-actuated cryo-injection valve with a quick response time.

It will be used in the upper stage of the updated version of Vikram-II.

The Skyroot carried out its first sub-orbital flight in November 2022.

The Vikram-1 rocket is the first in the series of rockets that are being developed by Skyroot Aerospace.

It will use 3 solid-fuel stages to take satellites to orbit.

16) Answer: C

Axis Securities Limited has appointed Mr Pranav Haridasan as its new Managing Director (MD) and Chief Executive Officer (CEO) for a tenure of 3 years.

He will succeed the current MD & CEO, Mr B Gopakumar who has been transferred to Axis Asset Management Company as MD & CEO.

About Mr Pranav Haridasan :

Mr Pranav Haridasan has over 20 years of experience in financial markets, having served as Citigroup Director Global Markets and Head of India/ASEAN Execution Services prior to joining Axis Capital.

17) Answer: A

In Union Budget 2023-24, Union Finance Minister Mrs Nirmala Sitharaman announced the revamping of Credit Guarantee Scheme for Micro & Small Enterprises with effect from 01.04.2023, with an infusion of Rs 9,000 crore to the corpus to enable additional collateral-free guaranteed credit of Rs. 2 lakh crore and the reduction in the cost of the credit by about 1 per cent.

The corpus of Credit Guarantee Fund Trust for Micro & Small Enterprises (CGTMSE) has been infused with a sum of Rs. 8,000 crore.

CGTMSE has issued guidelines regarding reduction of the annual guarantee fee for loans up to Rs. 1 crore from a peak rate of 2% per annum to as low as 0.37% per annum.

This will reduce the overall cost of credit to the Micro & Small Enterprises to a great extent.

The limit on ceiling for guarantees has been enhanced from Rs. 2 crore to Rs. 5 crore.

For settlement of claims in respect of guarantees for loan outstanding upto Rs. 10 lakh, initiation of legal proceedings will no longer be required.

CGTMSE created a new landmark by touching the milestone figure of approving guarantees worth Rs. 1 lakh crore during FY 2022 - 23.

18) Answer: B

The Petroleum and Natural Gas Regulatory Board (PNGRB) has amended PNGRB (determination of natural gas pipeline tariff) under the mission of “One Nation, One Grid and One tariff".

PNGRB has notified a tariff of Rs 73.93/MMBTU and created three tariff zones for a unified tariff.

The zonal unified tariffs have become effective from April 1, 2023.

The tariff will be apportioned over three zones, Zone 1 to Zone 3, with the tariff of Rs 39.45/ MMBtu, Rs 74.97/ MMBtu and Rs 99.90/ MMBtu respectively.

The national gas grid covers all pipeline networks owned and operated by Indian Oil Corporation Limited (IOCL), Oil and Natural Gas Corporation Limited (ONGC), GAIL (India) Limited, and Pipeline Infrastructure Limited.

Now, with the commissioning of newer interconnected pipelines, the national gas grid will keep expanding for the Unified tariff.

This reform will benefit consumers located in far-flung areas.

The Petroleum and Natural Gas Regulatory Board (PNGRB) was formed under the Petroleum and Natural Gas Regulatory Board Act, of 2006.

19) Answer: C

Finland becomes the 31st member of North Atlantic Treaty Organisation (NATO), in a

historic strategic shift provoked by Moscow's war on Ukraine, which doubles the US-led alliance's border with Russia.

20) Answer: D

World Health Day 2023 is observed all over the world on 7th April.

The World Health Organization's physical, emotional, and mental well-being is promoted and celebrated all over the world to this day.

The main theme of this year is "Health For All".

In December 1945 the official of China and Brazil proposed the creation of an international health organization that is all-encompassing and absolutely independent from any government powers.

After half a year the constitution of the World Health Organization was approved in 1946.

The 61 countries signed the agreement for the inception of the Non-Governmental Organization.

World Health Day was created and first celebrated on 22nd July 1949. Later the date was changed to 7th April and the WHO encourage the students to participate.