Daily Current Affairs Quiz - 12th October 2023

Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2023 of 12th October 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) When did the PCA frame work for non-banking financial corporations (NBFCs) first enter into force?

(a) 2021

(b) 2022

(c) 2020

(d) 2018

(e) 2016

2) Which bank has been advised by the RBI to stop a new customer on boarding right now?

(a) BoI

(b) BoB

(c) HDFC

(d) RBL


3) The Cabinet has given the green light to a new agreement between India and which country to work together on digital technologies?

(a) Australia

(b) France

(c) Canada

(d) Hong Kong

(e) Thailand

4) In accordance with the National Youth Policy's definition of 'Youth', My Bharat, an autonomous body, will provide benefits to the youth within the age group. What is the maximum age limit for My Bharat?

(a) 25

(b) 28

(c) 29

(d) 30

(e) 27

5) The latest report from Freedom House, ‘freedom on the Net 2023: the repressive Power of artificial intelligence’, raises which colour flag on the growing use of AI for censorship and disinformation by governments?

(a) Black

(b) Red

(c) White

(d) Orange

(e) Green

6) The government of Uttar Pradesh is expanding Sewa Mitra services to all 75 districts in both urban and rural areas. For how many km will the app be available professionally?

(a) 4

(b) 5

(c) 3

(d) 10

(e) 8

7) Udangudi Panangkarupatti from Thootukudi got Geographical Indication tag. How many Geographical Indication tags have Thootukudi received so far?

(a) 4

(b) 3

(c) 2

(d) 1

(e) 6

8) How many months did it take for Dabur India to successfully complete this transformation with the assistance of SAP and Microsoft?

(a) 5

(b) 6

(c) 3

(d) 9

(e) 10

9) How many Asset Management Companies are members of SEBI so far?

(a) 42

(b) 44

(c) 45

(d) 47

(e) 43

10) What is the maximum age limit for SBI Chairperson under the current rules?

(a) 61

(b) 63

(c) 65

(d) 60

(e) 58

11) At the 91st Air Force Day parade at Prayagraj, the Indian Air Force presented its new ensign. When was the Indian Air Force formed?

(a) 1950

(b) 1948

(c) 1951

(d) 1962

(e) 1943

12) The annual Joint Disaster Assistance Response (HADR) Exercise 2022, Chakravat (2023), is designed to strengthen Disaster Response preparedness. Which state will host the exercise?

(a) New Delhi

(b) Goa

(c) Maharashtra

(d) Gujarat

(e) UP

13) NASA is getting ready to launch a mission to study the effects of solar eclipses on the upper atmosphere: Atmospheric Perturbations surrounding the Eclipse Path Mission. Which state is the launch location for this mission?

(a) Georgia

(b) New Jersy

(c) California

(d) Florida

(e) New Mexico

14) When was World Sight Day celebrated every year?

(a) October 11

(b) October 10

(c) October 12

(d) October 13

(e) October 09

15) Ankle arthritis has been known to occur in humans since at least 4500 B.C., and there has also been evidence of its presence in which animal?

(a) Giraffe

(b) Cheetah

(c) Elephant

(d) Dinosaur

(e) Monkey

Answers :

1) Answer: B

To enable supervisory intervention at an appropriate time and require the supervised entity to initiate and implement remedial measures in a timely manner to restore its financial health. Additionally, the PCA framework serves as a tool for enforcing market discipline effectively within the financial sector.The PCA framework for NBFCs originally came into effect on October 1, 2022, based on the financial position of NBFCs as of March 31, 2022.The RBI issued a circular in December 2021 to communicate this development to the NBFCs.

2) Answer: B

The Reserve Bank of India (RBI) has instructed the Bank of Baroda (BoB) to immediately cease the onboarding of new customers onto the 'bob World' mobile application. The RBI's decision is made under the authority granted by Section 35A of the Banking Regulation Act, 1949.It is a response to certain supervisory concerns related to onboarding customers onto the 'bob World' app.Bank of Baroda has been directed to ensure that customers who are already using the 'bob World' app should not experience any disruption due to this suspension.According to a Times of India (TOI) from July 2023, there was an allegation of malpractice by BoB employees reported by a news channel which quoted various whistle blowers.

3) Answer: B

The Union Cabinet chaired by Prime Minister Sheri Narendra Modi has approved the signing of the Memorandum of Understanding (MoU) between the Ministry of Electronics and Information Technology of the Republic of India and the Ministry of Economy, Finance and Industrial and Digital Sovereignty of the French Republic on cooperation in the field of Digital Technologies. The MoU intends to promote closer cooperation and exchange of information pertaining to digital technologies and will mutually support each Participant’s goal to promote access to digital Technology in their country in accordance with the MoU.

4) Answer: C

Under the new arrangement, with access to resources & connection to opportunities, youth would become community change agents and nation builders allowing them to act as the Yuva Setu between the Government and the citizens. It seeks to harness the immense youth energy for nation-building.Mera Yuva Bharat (MY Bharat), an autonomous body will benefit the youth in the age group of 15-29 years, in line with the definition of ‘Youth’ in the National Youth Policy.  In case of programme components specifically meant for adolescents, the beneficiaries will be in the age group of 10-19 years.

5) Answer: B

According to a new report by Freedom House, global Internet freedom has declined for the 13th consecutive year. The report, titled ‘Freedom on the Net 2023: The Repressive Power of Artificial Intelligence’, has raised a red flag on the increasing use of artificial intelligence by governments for censorship and the spread of disinformation.This is the 13th edition of an annual study of human rights online. The report covers developments between June 2022 and May 2023. On a range of 1 to 100 where ‘100’ represented the highest digital freedom and ‘1’ the worst repression. It evaluates Internet freedom in 70 countries, accounting for 88% of the world’s Internet users.

6) Answer: B

The Department of Labour and Employment of the Uttar Pradesh government has extended the 'Sewa Mitra' services to cover both urban and rural areas in all 75 districts of the state, its applicable within 5kms professionally.The 'Sewa Mitra' initiative was conceived at the government level in response to the situation during the first wave of the COVID-19 pandemic. It was initiated when many labourers and professionals returned to their native places in Uttar Pradesh from other states and faced joblessness.

7) Answer: B

The Intellectual Property of India (IPI) conferred a Geographical Indication (GI) tag for the famous 'Udangudi Panangkarupatti'(palm jaggery/ gur), a product widely associated with the Tirunelveli District Palmyrah Products Cooperative Federation Limited, Tamil Nadu. The Geographical Indications Registry recognised the uniqueness of the delicacy known since time immemorial, for its sucrose concentration, sap collection method, traditional method of preparation, and packaging methods. Besides Udangudi Panangkarupatti, Thoothukudi is home to two other products that have been conferred with the GI tag, including Kovilpatti Kadalaimittai, and Authoor Vetrillai.

8) Answer: E

Science-based Ayurveda major Dabur India Limited has recently announced the successful completion of one of the largest and most complex cloud migrations in the Indian Consumer Goods industry, making Dabur the first Indian FMCG Cloud-Only Enterprise. As a future-ready enterprise, Dabur’s adoption of a cloud-only approach will significantly improve business resilience and enhance control of the IT landscape, helping the company augment its services for retailers, partners, employees and consumers. Dabur India worked with SAP and Microsoft to deliver this transformation in just 10 months with no disruption to business operations.

9) Answer: B

The Association of Mutual Funds in India (AMFI) is dedicated to developing the Indian Mutual Fund Industry on professional, healthy and ethical lines and to enhancing and maintaining standards in all areas with a view to protecting and promoting the interests of mutual funds and their unit holders. AMFI, is the association of all the asset management companies of SEBI-registered mutual funds in India.As of now, 44 Asset Management Companies that are registered with SEBI, are its members.

10) Answer: B

The Appointments Committee of the Cabinet (ACC) has extended the tenure of State Bank of India (SBI) Managing Director Ashwini Kumar Tewari by 2 years. The extension of Ashwini Kumar Tewari's tenure will apply beyond January 27, 2024.The tenure extension of Ashwini Kumar Tewari coincides with the Centre's decision to extend the tenure of SBI Chairman Dinesh Kumar Khara.Dinesh Kumar Khara was appointed as Chairman of SBI, the country's largest commercial bank, on October 7, 2020 for a period of 3 years. According to current norms, a person can hold the post of SBI Chairman up to the age of 63.

11) Answer: C

This marks the first change to the IAF ensign since 1951 when the Royal Indian Air Force (RIAF) ensign was modified to have an 'Indian' appearance.The new IAF ensign replaced the Union Jack with the Indian tricolour and the RAF roundels with the IAF tricolour roundel in the lower right canton.The new ensign includes the Air Force crest in the top right corner, featuring the national symbol - the Ashoka lion - on top, with the words "Satyameva Jayete" in Devanagari below it.A Himalayan eagle with outspread wings is encircled by a light blue ring, and it bears the words "Indian Air Force."

12) Answer: B

The Annual Joint HADR Exercise (AJHE) is a result of the directive of the Hon'ble Prime Minister announced during the Joint Commanders' Conference 2015.The 2023 edition of the exercise is being hosted by the Indian Navy in Goa from October 9 to October 11, 2023.Since its inception in 2015, CHAKRAVAT has evolved into a multi-agency exercise, involving various stakeholders. CHAKRAVAT involves the participation of all three services (Indian Army, Navy, and Air Force), paramilitary forces, disaster response organizations, non-governmental organizations (NGOs), academic institutions, and international organizations.

13) Answer: E

The project is spearheaded by Aroh Barjatya, an engineering physics professor of Indian origin at Embry-Riddle Aeronautical University. The mission aims to understand how the upper atmosphere changes during a solar eclipse, particularly during the sudden reduction in light.The APEP project extends beyond this mission, with plans to retrieve and relaunch the rockets from NASA's Wallops Flight Facility in Virginia on April 8, 2024, during a total solar eclipse sweeping across the United States from Texas to Maine.This launch will take place at the White Sands Missile Range in New Mexico, with a specific focus on the ionosphere.

14) Answer: C

World Sight Day 2023 will occur on October 12.“LOVE YOUR EYES AT WORK” is the theme of this year.Lions Clubs International partnered with blindness presentation organizations worldwide for the first World Sight Day in 1998. This event was later integrated into VISION 2020, a global initiative that the International Agency for the Prevention of Blindness (IAPB) coordinates.

15) Answer: D

World Arthritis Day 2023 falls on October 12.This year(2023), the theme of World Arthritis Day is “Living with an RMD at all stages of life”.The Arthritis Foundation established World Arthritis Day. The Greek terms "arthro,"which means "joint," and "itis," which means "inflammation," are the origin of the word "arthritis." Inflammation of the joints is a symptom of arthritis. Any living organism with bones is susceptible. The existence of ankle arthritis in humans dates back to at least 4500 B.C., and there is evidence that it was present in dinosaurs as well! In actuality, it was among the most prevalent diseases among prehistoric populations.

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