Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2023 of 08th September 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) An ASBA is a facility for trading in a secondary market is planned to be launched by the Securities and Exchange Board of India (SEBI) in January 2024. Expand “S” in ASBA?

(a) Secured

(b) Savings

(c) Settled

(d) Standard

(e) Supported

2) Hitachi Payment Services has launched India's first UPI-based ATM in partnership with the National Payments Corporation of India. Which colour ATM was it?

(a) Brown

(b) Red

(c) Pink

(d) White

(e) Orange

3) AMFI establishes guidelines for direct mutual fund firms looking to act as agents for Asset Management companies (AMCs) for how many crores?

(a) Rs. 5 crores

(b) Rs. 4 crores

(c) Rs. 3 crores

(d) Rs. 1 crores

(e) Rs. 2 crores

4) PSB Alliance consists of twelve public sector banks. How much percent shareholding does each bank have in PSB Alliance?

(a) 8.23%

(b) 8.33%

(c) 8.43%

(d) 8.53%

(e) 8.63%

5) In August 2023, UPI transactions in India crossed 10 billion for the first time. When did UPI cross 1 billion monthly transactions for the first time?

(a) September 2020

(b) June 2021

(c) April 2018

(d) October 2019

(e) May 2017

6) Which bank launched CBDC with a UPI interoperability feature in their digital rupee mobile app?

(a) SBI

(b) PNB

(c) BoB

(d) Canara bank

(e) Indian Bank

7) According to the 6th edition of MIC, electricity is the main source of power (3/4th) for water extraction. Which country has the highest MI scheme number in the country?

(a) Maharashtra

(b) West Bengal

(c) Uttar Pradesh

(d) Madhya Pradesh

(e) Karnataka

8) How much fundsare required under industrial development scheme, 2017 approved by the central government for Himachal Pradesh & Uttarakhand?

(a) Rs. 1165.53crores

(b) Rs. 1164.53crores

(c) Rs. 1163.63crores

(d) Rs. 1164.63crores

(e) Rs. 1162.53crores

9) Viability Gap Funding Scheme approved by the Union Cabinet. How much MWh power will the BESS projects be developed by the end of 2030-31?

(a) 5,000 MWh

(b) 4,000 MWh

(c) 6,000 MWh

(d) 7,000 MWh

(e) 3,000 MWh

10) Indonesia has launched the ‘golden visa’ program to attract foreign nationals. What is the minimum cost to get a 5-years golden visa in Indonesia?

(a) $1.5 million

(b) $1.0 million

(c) $2.5 million

(d) $2.0 million

(e) $3.5 million

11) Assam Government sets up a 3-member panel to draft anti-polygamous bill. How many days did the committee take to prepare the draft of anti-polygamy bill?

(a) 30

(b) 15

(c) 45

(d) 60

(e) 90

12) Which state’s Chief Minister has launched the Mukhya Mantri SABAL Scheme?

(a) Himachal Pradesh

(b) West Bengal

(c) Uttar Pradesh

(d) Madhya Pradesh

(e) Karnataka

13) The ‘Green railway station’ certification was awarded to Vijayawada railway station with the highest grade of Platinum by IGCB. Which year was it established by IGCB?

(a) 2000

(b) 2001

(c) 2003

(d) 2005

(e) 2002

14) The Tata Consultancy Services (TCC) partnership with Jaguar Land Rover ( JLR) is estimated to be worth £800 million over a period of how many years?

(a) 4

(b) 5

(c) 2

(d) 3

(e) 10

15) For How long does the REC sign an FCTL agreement with EXIM bank for USD 100 million?

(a) 5

(b) 4

(c) 3

(d) 2

(e) 1

16) The Indian men’s national table tennis team won the bronze medal at the 2023 Asian Table Tennis Championships held in which country?

(a) Australia

(b) USA

(c) South Korea

(d) France

(e) Netherland

17) Which country’s former swimming champion John Thomas Devitt passed away at the age of 86?

(a) Australia

(b) USA

(c) South Korea

(d) France

(e) Netherland

18) World Physical Therapy Day is celebrated on_______________.

(a) September 6

(b) September 7

(c) September 5

(d) September 8

(e) September 4

19) World Literacy Day is celebrated on September 8 every year. When was the first World Literacy Day celebrated?

(a) 1965

(b) 1966

(c) 1964

(d) 1963

(e) 1962

20) What is the currency of South Korea?

(a) Pound

(b) Euro

(c) Peso

(d) Won

(e) Dollar

Answers :

1) Answer: E

SEBI has adopted a roadmap to transition from the current settlement cycle to one-hour settlements, with the ultimate goal of achieving instantaneous settlements in the securities market.Implementation Timeframe: The transition to one-hour settlements is expected to take place first, with an additional 6 to 8 months being considered for the eventual move to instantaneous settlements. ASBA-like Facility: SEBI plans to launch an Application Supported by Blocked Amount (ASBA)-like facility for trading in the secondary market, with a target launch date of January 2024. ASBA is a process developed by SEBI for Initial Public Offer (IPO) applications.

2) Answer: D

Hitachi Payment Services, a 100% subsidiary of Japan-based Hitachi Limited, has launched India's first Unified Payments Interface (UPI)-Automated Teller Machine (ATM) in collaboration with the National Payments Corporation of India (NPCI).The UPI-ATM, named Hitachi Money Spot UPI ATM, offers cardless cash withdrawals, eliminating the need for physical ATM cards.This UPI-ATM operates as a White Label ATM (WLA), a type of ATM operated by non-banking entities.

3) Answer: D

The Association of Mutual Funds in India (AMFI), has established a net worth requirement of Rs 1 crore for direct plan distributors interested in registering with them as execution-only platforms (EOPs).The Securities and Exchange Board of India (SEBI) has mandated that online platforms exclusively dedicated to distributing direct mutual fund (MF) schemes must become EOPs. They can achieve this by registering either with exchanges (EOP Category 2) or with AMFI (EOP Category 1).

4) Answer: B

PSB Alliance Private Limited, a company established by public sector banks (PSBs), plans to expand to 6,800 centres across India by June 2024, a substantial increase from the current 100 centres with an aim to significantly increase the coverage of its DSB services. PSB Alliance is jointly owned by 12 public sector banks, with each bank holding an 8.33% stake in the company. This collaborative ownership structure enables the collective expansion of DSB services.

5) Answer: D

According to the National Payments Corporation of India (NPCI), the United Payments Interface (UPI) crossed 10 billion in the volume of transactions in August 2023, marking a significant milestone for the payments. As of August 30, 2023, the monthly transaction count on UPI had reached 10.24 billion, with a net transaction value totalling ₹15.18 trillion.The National Payments Corporation of India (NPCI) introduced UPI initially on a pilot basis in 2016.UPI achieved its first billion monthly transactions milestone in October 2019, indicating remarkable growth in its adoption, taking less than four years to grow fourfold.

6) Answer: B

State-owned Punjab National Bank (PNB) has launched Central Bank Digital Currency (CBDC) with Unified Payments Interface (UPI) interoperability feature in its digital rupee mobile application. This move is in line with the RBI's CBDC pilot project and unleashes a new potential in India's payment ecosystem.PNB customers can now use the PNB digital rupee app to scan the UPI QR code for payment to their merchants or complete a transaction at a merchant outlet.Even if the merchants do not have a CBDC Wallet, PNB digital rupee app users can utilise their CBDC wallets to conduct transactions on the UPI QR of these merchants.

7) Answer: C

The latest/sixth edition of the Minor Irrigation Census (MIC) finds that electricity is the dominant source (3/4th) of power to extract water, over diesel, windmills, and solar pumps. Overall, 23.14 million MI schemes were reported in the country from 695 districts, which shows an increase of about 1.42 million between the fifth and sixth editions. Out of all MI schemes, 21.93 million (94.8%) were for groundwater (GW) and 1.21 million (5.2%) for surface-water (SW) extraction. UP had the largest number of MI schemes in the country (17.2%) followed by Maharashtra (15.4%) and MP (9.9%).

8) Answer: B

The Cabinet chaired by Hon’ble PM Shri Narendra Modi has approved an amount of Rs. 1164.53 cr. for the Industrial Development Scheme (IDS), 2017 for Himachal Pradesh and Uttarakhand. The government of India announced the Industrial Development Scheme, 2017, in 2018 vide Notification No. 2(2)/2018-SPS dated 23rd April 2018 for the state of Himachal Pradesh and Uttarakhand. Under this scheme, the total financial outlay was Rs.131.90 crore. This allocated fund has been exhausted during the financial year 2021-22.

9) Answer: B

The Union Cabinet, chaired by the Hon'ble Prime Minister approves the Scheme for Viability Gap Funding (VGF) for the development of Battery Energy Storage Systems (BESS). The approved scheme envisages development of 4,000 MWh of BESS projects by 2030-31, with a financial support of up to 40% of the capital cost as budgetary support in the form of Viability Gap Funding (VGF). The VGF for the development of BESS Scheme, with an initial outlay of Rs.9,400 crore, including a budgetary support of Rs.3,760 crore, signifies the government's commitment to sustainable energy solutions.

10) Answer: C

Indonesia has introduced a 'golden visa' program aimed at attracting foreign individuals and corporate investors to stimulate its national economy. The golden visa offers an extended residence permit for a duration of 5 to 10 years, providing a long-term stay option for eligible applicants.To qualify for a 5-year golden visa, an individual must establish a company in Indonesia with a minimum investment of $2.5 million. For a 10-year visa, the required investment increases to $5 million.Corporate investors, such as directors and commissioners, are eligible for a 5-year golden visa by investing $25 million.

11) Answer: C

The Assam government has established a 3 -member committee to draft a law aimed at ending polygamy within Assam.The newly formed committee has been tasked with preparing the draft for an anti-polygamy Bill within a stipulated period of 45 days.Justice Rumi Phookan's panel scrutinised the provisions of the Muslim Personal Law (Shariat) Act, 1937, and also considered Article 25, with the aim of addressing issues related to the establishment of a uniform civil code.

12) Answer: A

Himachal Pradesh Chief MinisterShri Sukhvinder Singh Sukhu launched the Mukhya Mantri Sporting Abilities, Rebuilding Aspirations and Livelihood Scheme (SABAL) from Nadaun in district Hamirpur, HP. To improve the lives of specially-abled children in HP. Approximately 400 schools across Hamirpur, Solan, and Shimla districts are included in this scheme.The chatbots, accessible via the Swift Chat app, offer ease similar to WhatsApp and are powered by conversational Artificial Intelligence (AI).

13) Answer: B

Vijayawada Railway Station was awarded the ‘Green Railway Station’ certification with the highest rating of Platinum by the Indian Green Building Council (IGBC).This is an upgrade of the station’s ratings, from gold in 2019 to platinum in 2023.The Indian Green Building Council (IGBC) is part of the Confederation of Indian Industry (CII) and was formed in the year 2001.It is India's Premier certification body. The council offers a wide array of services, which include developing new green building rating programmes, certification services and green building training programmes.

14) Answer: B

Tata Consultancy Services (TCS) and Jaguar Land Rover (JLR) have announced a strategic partnership to transform JLR’s digital estate and build a new, future-ready digital core. The partnership is valued at £800 million over the next five years. TCS will leverage its deep domain expertise, proprietary platforms and vast partner ecosystem to help JLR enhance its digital capacity, and transform and simplify its digital estate, under the partnership. The partnership is a significant milestone in JLR’s Reimagine strategy, which aims to make the company a more agile, efficient, and customer-centric organisation. The partnership will help JLR to achieve its digital transformation goals and deliver a modern luxury experience for its customers.

15) Answer: A

REC Limited, the Maharatna Central Public Sector Enterprise under the Ministry of Power, has signed a Foreign Currency Term Loan Agreement for USD 100 Million, with the Export-Import Bank of India(EXIM Bank). The proceeds of the loan will be used towards refinancing for on-lending to REC’s borrowers in the power, infrastructure and logistics sectors for importing capital equipment. The funds will be raised as part of REC's Market Borrowing Programme of Rs. 1.20 lakh crore for the year 2023-24.This is the first term loan being extended by EXIM Bank to REC. The loan has been tied up for a 5-year tenor and is benchmarked to SOFR (Secured Overnight Financing Rate), which is the benchmark rate for loans denominated in USD.

16) Answer: C

In Table Tennis, the Indian men’s team finished with a bronze medal at the Asian Table Tennis Championships 2023 following a semi-final defeat to Chinese Taipei in Pyeongchang, the Republic of Korea. The Indian men’s table tennis team comprising Sharath Kamal, Harmeet Desai and Sathiyan Gnanasekaran lost 0-3 in their final four matches. The two losing semi-finalists are awarded bronze medals at the competition. The Asian Table Tennis Championships 2023 was also a qualifier for the Paris 2024 Olympics.

17) Answer: A

Australian former swimming champion John Thomas Devitt passed away at the age of 86 in Sydney, Australia.John Devitt was born on 4 February 1937 in Granville, New South Wales, Australia. He won his only individual Olympic gold medal in the 100-metre freestyle at Rome. He was also a member of the gold-medal-winning 4x200 Australian freestyle relay at the Melbourne Games four years earlier. He won a silver medal in the 100 freestyle at Melbourne and a bronze with the Australian 4x200 relay team in Rome. He also won 3 gold medals at the 1958 Cardiff British Empire and Commonwealth Games in Wales.

18) Answer: D

Every year 8th of September is observed as World Physical Therapy Day. In ancient times, the first report of physical therapy came from Hippocrates. From then physiotherapy has progressed from a simple massage to a complex portfolio of therapies with a worldwide range. In 1813, the Father of Swedish Gymnastics (Per Henrik Ling) constructed the Royal Central Institute of Gymnastics (RCIG) to produce medical benefits for the athlete. Sweden’s National Board of Health and Welfare granted physical therapists official registration in 1887. In India, physiotherapy was first started in the year of 1952.

19) Answer: B

World Literacy Day or International Literacy Day is observed each year on the 8th of September. The theme of World Literacy Day 2023 is “Promoting literacy for a world in transition: Building the foundation for sustainable and peaceful societies”. In 1966, UNESCO declared the 8th of September as World Literacy Day to remind the importance of literacy as a matter of dignity and human rights for people. UNESCO encourages International Literacy Day in partnership with governments, local communities, charities, and experts in the field worldwide.

20) Answer: D

About South Korea:

• President : Yoon Suk Yeol
• Prime Minister : Han Duck-soo
• Capital : Seoul
• Currency : South Korean won