Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2023 of 13th May 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 organisation has permitted Foreign Portfolio Investors Direct Market Access to promote institutional participation in Exchange Traded Commodity Derivatives (ETCDs)?

(a) RBI

(b) SEBI

(c) SIDBI

(d) IRDAI

(e) NABARD

2) Which company became the first-ever agritech firm to receive a non-banking financial company (NBFC) license?

(a) Om Finance

(b) Kaul Finance

(c) Ora Finance

(d) Mint Finance

(e) Leap Finance

3) Which country has extended a $1 billion credit line for Sri Lanka by one year until March 2024?

(a) Pakistan

(b) China

(c) India

(d) USA

(e) Russia

4) The All India Bank Employees’ Association (AIBEA) is set to launch ___________ to help retail customers with grievance redress.

(a) Bank Complaint

(b) Bank Clinic

(c) Easy Bank

(d) Modern Bank

(e) Bank Redress

5) Recently, which bank has gone live with ‘Direct Tax Collections’ on behalf of the Government of India (GoI) through the new Tax Information Network (TIN2.0) portal?

(a) Axis Bank

(b) HDFC Bank

(c) ICICI Bank

(d) RBL Bank

(e) Bandhan Bank

6) Which of the following bank has partnered with Rukart to help potential customers in getting easy loan options to buy the product?

(a) UCO Bank

(b) State Bank of India

(c) Indian Bank

(d) Canara Bank

(e) Indian Overseas Bank

7) The Central government has revised the nutritional standards of meals at schools and Anganwadi.How many new categories have been created for undernourished children aged between six months to six years?

(a) 2

(b) 3

(c) 4

(d) 5

(e) 6

8) Indian Institute of Foreign Trade (IIFT), New Delhi has celebrated its Diamond Jubilee on its 60th Foundation Day on ____ May 2023.

(a) 4

(b) 6

(c) 2

(d) 3

(e) 1

9) Secretary of the Ministry of Coal chaired a meeting on the integration of ULIP with the digital systems of the Ministry of Coal. What is the full form of ULIP?

(a) Unit Logistics Interface Platform

(b) Unified Logistics Information Platform

(c) Undivided Logistics Interface Platform

(d) Unified Leverage Interface Platform

(e) Unified Logistics Interface Platform

10) Which state government has announced to enforce the ‘right to walk’ due to the consistent rise in deaths of pedestrians and cyclists?

(a) Uttar Pradesh

(b) Rajasthan

(c) Madhya Pradesh

(d) Maharashtra

(e) Punjab

11) PTC India has signed an MoU with Brookfield Renewables to purchase 100 MW of solar power in which state?

(a) Uttar Pradesh

(b) Uttarakhand

(c) Punjab

(d) Rajasthan

(e) Maharashtra

12) Who has been appointed as the Chief Executive Officer (CEO) and Managing Director (MD) of National Investment and Infrastructure Fund Ltd (NIIFL)?

(a) Rajiv Dhar

(b) KV Subramanian

(c) Bibek Debroy

(d) Ajay Kumar

(e) Sanjeev Sanyal

13) Which fashion company has appointed Alia Bhatt as its first Indian Global Ambassador for the House?

(a) Chanel

(b) Balenciaga

(c) Gucci

(d) Louis Vuitton

(e) Dior

14) Consider the following statement regarding the recent report by Union Government. Which of the following statement is incorrect?

(i) The price of domestic natural gas for May has been set at $8.27 per million British thermal units (mBtu), up from $7.92 for most of April 2023.

(ii) The price of APM gas has been determined as per the ‘modified’ Rangarajan formula since November 2011.

(iii) The revised pricing mechanism is based on recommendations of a panel headed by Kirit Parikh.

(a) Only (i)

(b) Both (i) and (ii)

(c) Only (ii)

(d) Both (ii) and (iii)

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

15) With which country did India recently sign an MoU on industrial research and development cooperation with a focus on several key technology areas?

(a) Italy

(b) France

(c) Israel

(d) Iran

(e) Vietnam

16) Which edition of the India-Thailand Coordinated Patrolexercise “CORPAT” was recently held in the Andaman Sea?

(a) 23^rd

(b) 35^th

(c) 46^th

(d) 18^th

(e) 27^th

17) Which of the following has decided Common Uniform for Brigadier and Above rank officers from August 2023?

(a) Indian Navy

(b) Indian Army

(c) Indian Air Force

(d) Central Reserve Police Force

(e) Indo-Tibetan Border Police

18) Which IT major has partnered with NASA to design a new geospatial foundation model to track climate change on Earth?

(a) TCS

(b) Wipro

(c) Tech Mahindra

(d) IBM

(e) Infosys

19) Sergio Perez won the Azerbaijan Grand Prix 2022. He belongs to which country?

(a) Australia

(b) Germany

(c) England

(d) Mexico

(e) Netherlands

20) Union Minister of Youth Affairs and Sports Anurag Thakur and Uttar Pradesh Chief Minister Yogi Adityanath launched the Logo, jersey, mascot, torch and anthem of the Khelo India University Games (KIUG) 2022 in____________.

(a) Bengaluru, Karnataka

(b) Mumbai, Maharashtra

(c) Lucknow, Uttar Pradesh

(d) Pune, Maharashtra

(e) Gandhinagar, Gujarat

Answers :

1) Answer: B

In order to promote institutional participation in Exchange Traded Commodity Derivatives (ETCDs), the capital market regulator Securities and Exchange Board of India (SEBI) allowed stock exchanges to extend direct market access (DMA) to registered Foreign Portfolio Investors (FPIs) with immediate effect.

What is DMA?

Direct Market Access (DMA) facilitates the clients of a broker to directly access the exchange trading system through the broker's infrastructure to place orders without manual intervention by the broker.

Also, DMA provides certain advantages to brokers such as direct control over orders, faster execution of orders, reduced risk of errors associated with manual order entry, maintaining confidentiality, lower impact costs for large orders and implementing better hedging and arbitrage strategies.

2) Answer: C

Unnati, a fintech-based agritech company, made an announcement regarding its subsidiary, Ora Finance, becoming the first-ever agritech firm to receive a non-banking financial company (NBFC) license.

It will allow the company to meet the financial requirements of those in the agricultural sector, like farmers, retailers, traders, brands, and food processors.

Unnati has a network of more than one lakh registered retailers and traders who use its uStore app to engage with the farmers and manage their agribusinesses on a day-to-day business.

These partners reach out to over 1.3 million farmers through its apps.

3) Answer: C

India has extended a $1 billion credit line for Sri Lanka by one year until March 2024, giving the crisis-hit country backup funds to pay for essential imports.

The credit line, part of about $4 billion in emergency assistance extended by India during the peak of Sri Lanka's financial crisis in 2022, was scheduled to end in March, 2023.

There is about $350 million left of the credit line that can be utilised as needed.

4) Answer: B

The All India Bank Employees’ Association (AIBEA), the oldest and largest national trade union of bank employees in India plans to set up an online ‘Bank Clinic’ to assist bank customers with grievance redress.

Once a bank’s retail customer lodges an online complaint with “Bank Clinic”, ALBEA’s team will take up the complaint with the Bank for redress.

The Bank Clinic will be one more channel through which a retail bank customer can get his grievances addressed besides the normal Banking Ombudsman channel.

5) Answer: D

RBL Bank formerly known as Ratnakar Bank has gone live with ‘Direct Tax Collections’ on behalf of the Government of India (GoI) through the new Tax Information Network (TIN2.0) portal.

This is the second such offering from the Bank, following its empanelment by the Reserve Bank of India (RBI) as an 'Agency Bank' to conduct banking business for the Central and State Governments.

The Bank already offers customs duty collections through a direct interface via Indian Customs Electronic Data Interchange Gateway (ICEGATE).

This enhanced service will enable RBL Bank customers to make direct tax payments seamlessly via various digital channels and RBL Bank branches.

Leveraging its enhanced technology framework, the solution provides an easy, user-friendly platform for managing direct tax payments and marks an important milestone in RBL Bank's Government Banking offerings.

6) Answer: B

Agritech firm Rukart, which sells 'Subjee Cooler' to enhance shelf life of fruits and vegetables, has tied up with the State Bank of India (SBI) to help potential customers in getting easy loan options to buy the product.

Aim :

To mitigate distress sales among marginal/small farmers and retailers.

7) Answer: B

A decade after the National Food Security Act (NFSA) was enacted, the Central government has revised the nutritional standards of meals at schools and Anganwadi.

The amendment has been done on the recommendations of an inter-ministerial committee, which, in its draft report, had also recommended that the serving of eggs as part of government food safety programmes be also made mandatory.

However, there are no restrictions on states and Union Territories to add eggs and other items on the menu of food safety programmes such as midday meals (now known as PM Poshan) at schools, or the Integrated Child Development Services (ICDS) scheme at anganwadis that covers pre-school children, along with pregnant and lactating mothers.

In its draft report, the inter-ministerial committee had recommended “urgent action”, citing the possible impact of the Covid-19 pandemic in worsening the “silent crisis” of undernutrition.

Three new categories have been created for undernourished children aged between six months to six years.

8) Answer: C

Indian Institute of Foreign Trade (IIFT), New Delhi celebrated its Diamond Jubilee on its 60th Foundation Day on 2nd May 2023.

The Indian Institute of Foreign Trade (IIFT) was established in 1963 as an autonomous body under the Ministry of Commerce & Industry to contribute in the skill building for the external trade sector of India.

The Institute was granted “Deemed to be University” status in 2002.

The Institute was granted the prestigious AACSB accreditation on 17th November, 2021.

With this the IIFT figures amongst 900+ Business School of the world which have earned this accreditation.

The National Assessment and Accreditation Council (NAAC) has recognized IIFT as Grade ‘A’ Institution in 2005 as well as in 2015.

9) Answer: E

Secretary of, the Ministry of Coal chaired a meeting on the integration of the Unified Logistics Interface Platform (ULIP) with the digital systems of the Ministry of Coal.

It was launched in 2022 as a part of the ‘National Logistics Policy (NLP)’.

It is designed for enhancing efficiency and reducing the cost of logistics in India by creating a transparent, single-window platform to provide real-time information to all stakeholders.

It was emphasized that the solution should have visibility of multi-modal transport and all the existing systems should be integrated with the ULIP system to create a National Single Window Logistics Portal.

10) Answer: E

Punjab became the first state to implement the ‘right to walk’.

The Punjab government has made it mandatory for all road-owning agencies, including the National Highways Authority of India (NHAI), to provide footpaths and cycle tracks in the future expansion of roads and construction of new roads.

The Punjab government has announced to enforce the ‘right to walk’ due to the consistent rise in deaths of pedestrians and cyclists.

The state government has issued these directions following two court orders after Public Interest Litigations (PILs) were filed at Punjab and Haryana High Court (HC) and another at the Supreme Court of India.

11) Answer: D

Power trading solution provider PTC India has entered into a Memorandum of Understanding (MoU) with Brookfield Renewables to purchase 100 MW of solar power on a long-term basis.

Brookfield Renewables is developing a 400 MW solar power project in Bikaner solar park in Rajasthan.

The agreement includes an option to increase the power capacity to 200 MW at the time of project commissioning based on mutual confirmation by the two parties.

PTC India will market the power to various utilities and commercial and industrial consumers.

Under this arrangement, PTC India will provide Brookfield Renewables with an assured tariff and payment security.

12) Answer: A

National Investment and Infrastructure Fund Ltd (NIIFL) has appointed Rajiv Dhar, as the Chief Executive Officer (CEO) & Managing Director (MD) of NIIFL on an interim basis, effective May 11, 2023.

The planned succession follows Sujoy Bose’s request to relieve him from his current responsibilities as MD and CEO, a position he held since 2016 in the company.

About Rajiv Dhar :

Dhar, with more than 30 years of experience, has been a critical member of the NIIFL leadership team since 2017.

Prior to this new appointment, he is executive director and chief operating officer (COO) at NIIF.

13) Answer: C

Gucci, Italian high-end luxury fashion house has appointed Alia Bhatt as its first Indian Global Ambassador for the House.

Alia Bhatt will make her first appearance as Global Brand Ambassador on the occasion of the House’s upcoming Cruise 2024 fashion show in Seoul, Korea, at Gyeongbokgung Palace on May 16, 2023

The show will mark the fashion house's 25 years in the country.

It is the first time that Gucci has appointed an Indian celebrity as a global ambassador, in what seems to be a growing global recognition of the Indian market.

14) Answer: C

The price of domestic natural gas for May has been set at $8.27 per million British thermal units (mBtu), up from $7.92 for most of April 2023. This increase is in line with the new domestic gas pricing formula introduced in April 2023.

In April 2023, the Union Cabinet approved significant changes in the pricing regime for domestic natural gas under the ambit of the administered price mechanism (APM).

Under the APM, the Indian government sets the price of natural gas produced by oil and gas companies.

The price of APM gas has been determined as per the ‘modified’ Rangarajan formula since November 2014.

The revised pricing mechanism is based on the recommendations of a panel headed by Kirit Parikh.

Despite the increase in notified price, consumers will continue to be charged $6.50 per mBtu — the ceiling price of gas as per the new pricing regime.

This means that this price revision is unlikely to result in price changes in case of fuels like compressed natural gas (CNG) for transportation and piped natural gas (PNG) for household use.

15) Answer: C

An MoU has been signed by India and Israel on industrial research and development cooperation with a focus on several key technology areas.

It includes aerospace, Electronics Instrumentation, Civil, Infrastructure and Engineering, Environment, Mining, Chemicals, and Petrochemicals and Agriculture.

India and Israel will enhance partnership in areas such as innovation and start-ups, ushering in a new phase of deeper bilateral cooperation.

CSIR and Directorate of Defense Research and Development, Ministry of Defense of Israel signed the Multi-Sectoral Agreement in New Delhi.

16) Answer: B

The Indian Navy and the Royal Thai Navy conducted the 35th edition of the India-Thailand Coordinated Patrol (Indo-Thai CORPAT) from May 3 to May 10, 2023, in the Andaman Sea.

Aim :

To reinforce maritime linkages between the two countries and ensure the safety and security of the international trade route in the Indian Ocean.

Participants :

Indian Naval Ship (INS) Kesari and His Thai Majesty’s Ship (HTMS) Saiburi along with Maritime Patrol Aircraft from both navies participated in the CORPAT.

Key Highlights :

The Indian Navy and the Royal Thai Navy have been organizing CORPAT bi-annually since 2005 along the International Maritime Boundary Line (IMBL).

CORPAT help in building understanding and improving interoperability between both navies.

17) Answer: B

The Indian Army has decided that from August 1,2023 officers of the rank of Brigadier and above will have a common uniform irrespective of their different parent cadre and appointment.

The decision was taken after detailed deliberations during the recently concluded Army Commanders' Conference.

Key Highlights:

As part of the decision, headgear, shoulder rank badges, gorget patches, belts and shoes of senior officers will be standardised.

18) Answer: D

Tech major International Business Machines (IBM) has partnered with the US space agency National Aeronautics and Space Administration (NASA) to design a new geospatial foundation model to track climate change on Earth.

Key Highlights :

The new geospatial foundation model, which is part of IBM's Space Act Agreement with NASA, converts the space agency's satellite observations into customised maps of natural disasters and other environmental changes.

The first-ever foundation model for analysing geospatial data will help estimate climate-related risks to crops, buildings, and other infrastructure, value and monitor forests for carbon-offset programmes, and develop predictive models to help enterprises create strategies to mitigate and adapt to climate change.

19) Answer: D

Sergio Pérez took a remarkable victory at the Azerbaijan Grand Prix in Baku after defeating his teammate and championship Max Verstappen.

The Mexican driver took his sixth career win.

Perez is now just six points behind Verstappen, with both drivers having won two races each after four rounds of the championship.

Ferrari driver Charles Leclerc finished third, claiming his team's first podium appearance of the year.

The Azerbaijan Grand Prix is a Formula One motor racing event.

It was organized at the Baku Formula One city circuit in Baku, Azerbaijan.

20) Answer: C

Union Minister of Youth Affairs and Sports Anurag Thakur and Uttar Pradesh Chief Minister Yogi Adityanath launched the Logo, jersey, mascot, torch and anthem of the Khelo India University Games (KIUG) 2022 in Lucknow.

The 3rd edition of the Khelo India University Games will take place from May 23 to June 3, 2023.

Inspired by the ideology of Kaushal, Neeti and Dhairya, the games are slated from May 25 to June 3 in various cities of Uttar Pradesh.

The game’s mascot Jitu the Barasingha, the exotic vibrant state animal who embodies “Garv se Gaurav" was then unveiled by the Chief Minister himself.

The official logo of the Khelo India University Games 2022 Uttar Pradesh represents the rich heritage of Uttar Pradesh, India’s largest state.

The logo is a representation of the state’s rich traditional and historical legacy which has been the foundation for its development in all aspects viz; education, infrastructure and sports.

‘Shakti’, the official torch of the Khelo India University Games, Uttar Pradesh is a symbol of not only its heritage and the spirit it embodies but also a living entity that is brimming with energy.