Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2023 of 11th July 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 National Housing Bank (NHB) has operationalised how many crore rupees for Urban Infrastructure Development Fund (UIDF) announced in this year’s Budget for the creation of urban infrastructure in tier-2 and tier-3 cities?

(a) 10000

(b) 20000

(c) 15000

(d) 18000

(e) 25000

2) The Indian Banks Association (IBA) has constituted a 5-member working group for implementing the recommendations of the Reserve Bank of India’s committee on the “working of the Asset Reconstruction Companies (ARCs)”. Who is the CEO of IBA?

(a) Sunil Arora

(b) Sunil Mehta

(c) Ajith Kumar

(d) Sandeep Kumar

(e) Anupama Randae

3) The Reserve Bank of India (RBI) has granted approvals to foreign banks in how many countries to open Vostro accounts to settle international trade in rupees?

(a) 18

(b) 19

(c) 22

(d) 17

(e) 20

4) SEBI has allowed private equity (PE) funds to become sponsors of mutual funds under this new framework, applicants for sponsorship must have at least how many years of experience as a fund manager?

(a) 10

(b) 8

(c) 7

(d) 5

(e) 3

5) Union Home Minister and Minister of Cooperation Amit Shah will inaugurate a day-long mega conclave “Strengthening PACS through FPOs” in which state/ union territory?

(a) New Delhi

(b) Gujarat

(c) Ladakh

(d) Maharashtra

(e) Uttar Pradesh

6) Which ministry has extended the last date of submission for the Pradhan MantriRashtriya Bal Puraskar till 31st of August,2023?

(a) Ministry of Rural Development

(b) Ministry of Women and child development

(c) Ministry of Welfare

(d) Ministry of Urban

(e) Ministry of Science and technology

7) India's G20 presidency, the third Trade and Investment Working Group Meeting began in which area of Gujarat?

(a) Kothi

(b) Kevadia

(c)Gabhana

(d) Bhutiyadra

(e) Suruva

8) In which year, India's economy will overtake the United States to become the second-largest in the world, as per the Goldman Sachs?

(a) 2055

(b) 2065

(c) 2035

(d) 2075

(e) 2045

9) Prime Minister Narendra Modi will be awarded the prestigious Lokmanya Tilak Award 2023 has been officially announced at a press conference in which city?

(a) Amaravati

(b) Nagpur

(c) Pune

(d) Mumbai

(e) Nashik

10) Who has been appointed as the new Chairperson of International Financial Services Centres Authority (IFSCA) by central government?

(a) A.Rajaram

(b) K.Rajaraman

(c) G.Rajendran

(d) S.Rajagopal

(e) L.Raja

11) The IFSCA was established in April 2020 under the International Financial Services Centers Authority (IFSCA) Act 2019. Which cityis called as India’s first and only operational IFSC?

(a) Vadodara

(b) Ahmedabad

(c) GIFT

(d) Gandhinagar

(e) Surat

12) The Central government has appointed Justice Sheo Kumar Singh as Acting Chairperson of the National Green Tribunal (NGT), till a new Chairperson is appointed. What is the Act year of NGT?

(a) 2008

(b) 2006

(c) 2010

(d) 2011

(e) 2000

13) The Competition Commission of India (CCI) gave its approval for the acquisition of Marnix Lux SA by Concentrix Corporation. CCI will comes under which ministry?

(a) Ministry of Rural Development

(b) Ministry of corporate affairs

(c) Ministry of External affairs

(d) Ministry of Cooperation

(e) Ministry of Science and technology

14) Raksha Mantri Rajnath Singh launched an NCC Integrated Software in New Delhi. Which bank signed MoU with NCC to introduce “ PahliUdaan” Scheme for NCC Cadets?

(a) Indian Bank

(b) Canara bank

(c) Punjab national bank

(d) State bank of India

(e) Bank of Baroda

15) Ministry of Defence (MoD) signed a contract with Hindustan Aeronautics Limited (HAL) for procurement of two Dornier Aircraft for Indian Coast Guard (ICG) for how many cost?

(a) 458.87 crore

(b) 458.59 crore

(c) 458.56 crore

(d) 458.55 crore

(e) 457.58 crore

16) Parth Salunkhe became the first male to win a gold in the recurve category at the Youth World Championships. Recurve related to which sport?

(a) Table Tennis

(b) Snooker

(c) Archery

(d) Boxing

(e) Hockey

17) Indian shuttler Lakshya Sen clinched the Men’s Singles title of the Canada Open 2023 badminton tournament by defeating the person from which country?

(a) USA

(b) China

(c) Japan

(d) Italy

(e) Australia

18) Max Verstappen won the British Grand Prixas Red Bull stayed unbeaten for the Formula One season and equaled McLaren’s which year record of 11 victories in a row?

(a) 1977

(b) 1988

(c) 1986

(d) 1999

(e) 1985

19) Nirmala Buch passed away at the age of 96. She is the first women chief secretary of which state?

(a) Madhya Pradesh

(b) Uttar Pradesh

(c) Maharashtra

(d) West Bengal

(e) Gujarat

20) World Population Day 2023 can be celebrated on______________

(a) July 10

(b) July 11

(c) July 09

(d) July 08

(e) June 10

Answers :

1) Answer: A

The normative allocation of the first tranche of ₹ 10,000 crore under UIDF for 2023-24 has been advised by NHB to States and UTs inviting project proposals under the Fund. UIDF has been launched to supplement the efforts of the State governments by providing a stable and predictable source of finance for the creation of urban infrastructure in tier-2 and tier-3 cities. Focus will be on basic services like sewage and solid waste management, water supply and sanitation, construction and improvement of drains/storm water drains, etc. and impact-oriented projects would be prioritised.

2) Answer: B

An Indian Bank Association (IBA) established in 26 September 1946 and CEO was Sunil Mehta. The group has been formed on the orders of RBI. Committee’s recommendations aimed at enabling ARCs to fulfil the increasing financial sector demand. IBA currently represents 247 banking companies operating in India.

3) Answer:A

A Reserve Bank-appointed committee suggested a host of short-term and long-term measures for the internationalisation of the Indian rupee, including efforts for inclusion of the Indian currency in the International Monetary Fund’s (IMF) Special Drawing Rights (SDR) basket.

The recommendations by an Inter-Departmental Group (IDG), headed by RBI Executive Director Radha Shyam Ratho.

The group was constituted by RBI Deputy Governor T Rabi Sankar to review the position of the rupee as an international currency and to frame a road map for the internationalisation of the domestic currency.

Recent News:

In March 2023, The Reserve Bank of India (RBI) granted approvals to foreign banks in 18 countries (Botswana, Fiji, Germany, Guyana, Israel, Kenya, Malaysia, Mauritius, Myanmar, New Zealand, Oman, Russia, Seychelles, Singapore, Sri Lanka, Tanzania, Uganda, and the United Kingdom) to open Vostro accounts to settle international trade in rupees.

About RBI:

Established: 1 April 1935

Headquarters: Mumbai, Maharashtra, India

Governor: Shaktikanta Das

Deputy Governors: Swaminathan Janakiraman, Michael Patra, M. Rajeshwar Rao, T Rabi Shankar.

4) Answer: D

The Capital market regulator Securities and Exchange Board of India (SEBI) has laid down new rules for private equity funds sponsoring mutual fund houses and self-sponsored asset management companies (AMCs). The new regulatory framework for Private equity firms acting as sponsors will be effective from August 1, 2023with the deployment of liquid net worth by AMCs becoming applicable from January 1, 2024. Applicants for sponsorship must have at least 5 years of experience as a fund manager, with experience in investing and managing at least Rs. 5,000 crore in the financial sector.

5) Answer: A

Shri Amit Shah will kick off a day-long mega-conference titled "Strengthening PACS through FPOs" in New Delhi. The conclave is aimed at discussing ways to strengthen Primary Agricultural Credit Societies (PACS) through Farmer Producer Organizations (FPOs). Under the FPOs Scheme, financial assistance of Rs.33 lakh is provided to each FPO. Further, financial assistance of Rs. 25 lacks per FPO is given to the Cluster-Based Business Organizations (CBBOs) to promote and handhold the FPOs.

6) Answer: B

The Ministry of Women and Child Development has extended the last date of submission for the Pradhan MantriRashtriya Bal Puraskar till 31st of August,2023.This national-level award is given in the fields of Bravery, Sports, Social Service, Science and Technology, Environment, Arts and Culture, and Innovation.

The Pradhan MantriRashtriya Bal Puraskar, formerly called the National Child Award for Exceptional Achievement, is India’s highest civilian honor for children, awarded annually by the Ministry of Women and Child Development. First awarded in the year of 1996. This national-level award is given in the fields of Bravery, Sports, Social Service, Science and Technology, Environment, Arts and Culture, and Innovation.The Ministry said that any Indian child, whose age is not exceeding 18 years as of the last date of receipt of the application, may apply for the award. Any other person may also nominate a deserving child for the award. The Ministry added that the applications for the award could be submitted on the official portal www.awards.gov.in

7) Answer: B

As part of India's G20 presidency, the third Trade and Investment Working Group Meeting began in Kevadia, Gujarat.

More than 75 international delegates from various G20 countries are taking part in the three-day meeting at Kevadiya.

The meeting began with delegates participating in a seminar on ‘Trade Infrastructure’.

On the first day of the Trade and Investment working group meeting, a special exhibition showcasing various successful initiatives of the Indian government such as the Gatishskti Master plan, and unified logistics interface platform was inaugurated at Kevadiya.

About Gujarat:

Capital: Gandhinagar

Chief Minister: Bhupendrabhai Patel

Governor: Acharya Devvrat

NP: Gir National Park, Marine National Park, Velavadar National Park, Jambughoda Wildlife Sanctuary, Barda Wildlife Sanctuary, Vansda National Park, Purna Wildlife Sanctuary, Gaga Wildlife Sanctuary

8) Answer: D

Investment Bank Goldman Sachs has said that India is poised to become the world’s second-largest economy by 2075 crossing Japan, Germany, and the U.S. Labor force participation, a vast pool of talent, and a working-age population ratio are a few of the factors set to make India the second-largest economy in the world by 2075. According to 85 sovereign wealth funds and 57 central banks representing 21 Trillion dollars in assets, India is now the number one emerging market to invest in.

9) Answer: C

Prime Minister Narendra Modi will be awarded the prestigious Lokmanya Tilak Award2023. An official announcement in this regard was made by the President of Tilak Smarak Trust Dr Dipak Tilak and Rohit Tilak at a press conference in Pune. The award will be conferred by the hands of the President of the Trust Dr. Deepak Tilak on August 1, the death anniversary of Lokmanya Tilak.

10) Answer: B

A 1989-batch senior Indian Administrative Service (IAS) officer and Telecom Secretary, K Rajaraman has been appointed as the new Chairperson of International Financial Services Centres Authority (IFSCA) by central government. He has been appointed as IFSCA chief for 3 years and he will succeed Injeti Srinivas.

11) Answer:  C

The IFSCA is the regulatory bodyfor the Indianspecial economic zones such as the GIFT International Financial Services Centre for International Financial Services and commodity markets under the ownership of the Government of India (GoI). To establish a solid global connection and focus on the needs of the Indian economy, while also serving as an international financial platform for the entire region and the global economy.

12) Answer: C

The National Green Tribunal Act, 2010is an Act of the Parliament of India which enables the creation of a special tribunal to handle the expeditious disposal of the cases pertaining to environmental issues.Justice Sheo Kumar Singh as Acting Chairperson were he replaced Justice Adarsh Kumar Goel, who retired on July 6, 2023.

13) Answer: B

The Competition Commission of India (CCI) gave its approval for the acquisition of Marnix Lux SA by Concentrix Corporation, as well as the acquisition of approximately 22% shareholding in the combined company by the shareholders of Marnix Lux.

Concentrix Corporation is a United States of America (USA) based publicly listed company, engaged in providing customer experience services, a segment of Information Technology and Information Technology enabled Services.

Marnix Lux is the parent company of Webhelp S.A.S. (Webhelp) which is to be active in the provision of business process outsourcing services and specialised services.

 The CCI is the chief national competition regulator in India. It is a statutory body within the Ministry of Corporate Affairs. CCI consists of a chairperson and 6 members appointed by the Central Government.

About CCI:

Established: 14 October 2003

Headquarters: New Delhi, Delhi, India

Chairman: Ravneet Kaur

14) Answer: D

The NCC and State Bank of India (SBI) also signed a Memorandum of Understanding (MoU) in the presence of Raksha Mantri to open zero balance accounts of all NCC Cadets with debit card, cheque book & passbook facility under SBI’s “PahliUdaan” scheme. About 5 lakh cadets will be benefitted by this MoU every year. This account will remain in operation till the completion of training or till attaining the age of 18 years, whichever is later.

15) Answer: A

In July 2023, Ministry of Defence (MoD) signed a contract with Hindustan Aeronautics Limited (HAL) for procurement of two Dornier Aircraft for Indian Coast Guard (ICG) along with associated Engineering Support package at an overall cost of Rs 458.87 crore.

About Ministry of Defence: 

Defence Minister:  Rajnath Singh

Minister of State: Ajay Bhatt

Defence Secretary: GiridharAramane

16) Answer: C

The 19-year-old from Satara in Maharashtra provided the perfect icing on the cake by defeating a Korean in the Under-21 men's recurve individual final, in Limerick, Ireland. India finished with their highest-ever tally of 11 medals.Salunkhe, who topped the rankings round, prevailed over seventh seed Song Injun 7-3 (26-26, 25-28, 28-26, 29-26, 28-26) in a hard-fought five-setter.The medal haul of the 24-member Indian contingent included six gold, one silver and four bronze. The 11 medals India won, six were bagged in the U21 category - four gold and two bronze.Recurve is related to Archery.

17) Answer: B

Indian shuttler Lakshya Sen clinched the Men’s Singles title of the Canada Open 2023 badminton tournament defeating Li Shi Feng of China 21-18, 22-20 in Calgary, Canada.

Lakshya Sen was down four game points in the second set but saved all and ended up winning the game in straight sets.

Sen, world number 19, started the first game well and maintained the lead throughout to eventually win by 21-18.

About Canada

Capital: Ottawa

Prime Minister: Justin Trudeau

The Canadian dollar is the currency of Canada.

About BWF

Headquarters: Kuala Lumpur, Malaysia

Formation: 1934

President: Poul-Erik Høyer Larsen

Membership: 194 member associations

18) Answer: B

McLaren’s Lando Norris finished second in front of a 160 000-strong home crowd at Silverstone, with fellow Briton and seven-time world champion Lewis Hamilton third for Mercedes.Max Verstappen won the British Grand Prixas Red Bull stayed unbeaten for the Formula One season and equaled McLaren’s 1988 record of 11 victories in a row.

19) Answer: A

She had served the Yojana Aayog (now NITI Ayog) and she did a pioneering role in framing of ‘graminvikas’ and ‘panchayati raj’ system in Madhya Pradesh. She had also served as financial and education secretary from 1975-1977. Buch had served as the Chief Secretary of Madhya Pradesh (MP) from September 1991 to 1993.

20) Answer: B

On July 11th of this current year, World Population Day 2023 is celebrated and observed all over the world as an awareness program.Theme as "Unleashing the power of gender Equality: Uplifting the voices of women and girls to unlock our world's infinite possibilities." In 1989, The United Nations recognized July 11 as World Population Day. World Population Day in partnership with governments and civil society.