Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2023 of 13th 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) How much percentage of I-CRR has the Reserve Bank of India (RBI) mandated banks to keep as an Incremental Cash Reserve Ratio (ICR) of the incremental deposits during the period May 19, 2023, to July 28, 2023?

(a) 12%

(b) 10%

(c) 11%

(d) 15%

(e) 18%

2) Which bank in India became the 1st foreign bank in India to offer an ONDC-enabled proposition?

(a) DBS

(b) HSBC

(c) HDFC

(d) ICICI

(e) KVB

3) How many internet users are expected to be online in India in 2025?

(a) 950 million

(b) 850 million

(c) 900 million

(d) 700 million

(e) 800 million

4) ICICI Bank gets RBI approval to form I-Process Services (India) Private Limited. When did I-Process start its business?

(a) 2000

(b) 2005

(c) 2003

(d) 2007

(e) 2009

5) How much percentage will Thomas Cook India share with the National Payments Corporation of India (NPCI) to launch the RuPay Forex card?

(a) 4%

(b) 5%

(c) 6%

(d) 8%

(e) 10%

6) According to the International Energy Agency, the world’s production of sustainable biofuels will need to triple by which year?

(a) 2025

(b) 2030

(c) 2035

(d) 2040

(e) 2050

7) PM Modi addressed the 20th ASEAN-India summit Jakarta in Indonesia. How many points are proposed to strengthen India-ASEAN cooperation?

(a) 10

(b) 11

(c) 12

(d) 15

(e) 18

8) Former Andhra Chief Minister and Telugu Desam Party (TDP) leader N. Chandrababu Naidu has been arrested for how many crore rupees scam in the Skill Development Case?

(a) 317 crore rupees

(b) 315 crore rupees

(c) 312 crore rupees

(d) 311 crore rupees

(e) 318 crore rupees

9) How many months will RBI grant an interim appointment of Dipak Gupta as Managing Director and Chief Executive Officer (MD and CEO) of Kotak Mahindra Bank?

(a) 2

(b) 5

(c) 3

(d) 6

(e) 12

10) The SGB is open for subscription and will continue to be open for purchase until 15 September 2022. How much does the SGB cost per gram?

(a) Rs. 5873

(b) Rs. 5923

(c) Rs. 5843

(d) Rs. 5963

(e) Rs. 5723

11) How many operating general insurers are in the country?

(a) 24

(b) 25

(c) 26

(d) 28

(e) 23

12) Nayara owns India's second-largest refinery with a capacity of how much MMTPA at Vadinar in Gujarat?

(a) 20

(b) 30

(c) 40

(d) 50

(e) 60

13) China to launch wide-field survey telescope for detection of faint space signals. How wide is the primary mirror focal length?

(a) 2.0 meter

(b) 2.5 meter

(c) 3.5 meter

(d) 5.0 meter

(e) 4.5 meter

14) The Indian Air Force is testing an indigenous military combat parachute system developed by ADRDE. Where is ADRDE Headquarters?

(a) Madhya Pradesh

(b) Uttar Pradesh

(c) Arunachal Pradesh

(d) Andhra Pradesh

(e) Himachal Pradesh

15) How many teams will be participating in the 62nd edition of the Subroto cup international football tournaments on September 19?

(a) 100

(b) 98

(c) 109

(d) 107

(e) 112

Answers :

1) Answer: B

The Reserve Bank of India (RBI) has decided to phase out the incremental cash reserve ratio (I-CRR).To ensure a smooth transition and prevent disruptions to system liquidity and money market functioning, RBI has scheduled the release of I-CRR funds in 3 phases: 25% on September 9, another 25% on September 23, 2023, and the remaining 50% on October 7, 2023.The decision regarding I-CRR does not impact the Cash Reserve Ratio (CRR), which remains at 4.5%. The RBI had instructed banks to maintain an incremental Cash Reserve Ratio (I-CRR) of 10% on the increase in their deposits (net demand and time liabilities) between May 19, 2023, and July 28, 2023, as a means to absorb surplus liquidity.

2) Answer: B

Hongkong and Shanghai Banking Corporation Limited, India or HSBC Bank India has launched Open Network for Digital Commerce ('ONDC) in a Box', a one-stop-shop proposition for corporates towards seamless enablement of ONDC during the Global Fintech Fest (GFF) 2023 held in Mumbai, Maharashtra. With this launch, HSBC India became the 1st foreign bank in India to offer an ONDC-enabled proposition.ONDC is an initiative by the Department for Promotion of Industry and Internal Trade, in collaboration with the Ministry of Commerce and Industry. Its primary aim is to create an open and interoperable network that allows buyers and sellers to conduct transactions without the need for both parties to be on the same platform.

3) Answer: C

To bridge the digital divide by extending the capabilities of the Unified Payments Interface (UPI) to rural regions of India, making digital transactions more accessible. In 2022, India experienced a significant increase in internet users, reaching a total of 759 million. Of this, 420 million resided in urban areas, while 339 million were in rural regions.By 2025, India is expected to have a total of 900 million internet users. Rural India is projected to contribute significantly, with 56% of all new internet users emerging from these areas. For individuals facing challenges with inactive or inoperative bank accounts, Spice Money will introduce a Standalone Prepaid Wallet account, complete with a linked UPI ID.

4) Answer: B

ICICI Bank has received approval from the Reserve Bank of India (RBI) to make I-Process Services (India) Private Limited (I-Process) its wholly-owned subsidiary, subject to certain conditions, as per the bank's latest regulatory filing.I-Process was established in 2005 with the purpose of providing staffing solutions services for some of India's leading financial institutions.I-Process boasts an employee strength of more than 25,000 individuals and has a presence at nearly 500 locations across India.The total cost of acquiring I-Process is estimated at Rs. 15.40 crore.

5) Answer: B

Thomas Cook (India) Limited witnessed a 5% surge in its shares following the announcement of its partnership with the National Payments Corporation of India (NPCI) to launch a RuPay prepaid forex card for Indian travellers heading to the UAE. The introduction of the Thomas Cook RuPay card is initially targeting the UAE market. This move aligns with the growing trend of outbound travel from India, particularly to short-haul destinations like the UAE. This collaboration is made possible through the assistance of CARD91, an NPCI Certified Partner.

6) Answer: B

Its focus is primarily on strengthening markets, facilitating global biofuel trade, developing concrete policy lesson-sharing and providing technical support for national biofuel programmes worldwide.Such an initiative is also aimed at helping India's transition to alternative fuels and cutting its import bill, as the country seeks to achieve its net-zero carbon emissions goal by 2070.The International Energy Agency estimates that global sustainable biofuel production would need to triple by 2030 to put the world's energy system on track towards net-zero emissions by 2050.

7) Answer: C

PM Modi addressed the 20th ASEAN-India summit Jakarta in Indonesia. He presented a 12-point proposal to strengthen India-ASEAN cooperation.He informed us that theIndia-ASEAN partnership has reached the fourth decade.He informed me it is an honour for him to co-chair the Summit. PM Modi informed ASEAN is the central pillar of India’s Act East policy.He informed along with history and geography, shared values, regional integration, and the shared belief in peace, prosperity and a multipolar world unite India and ASEAN.

8) Answer: A

N.Chandrababu Naidu, the Chief of the Telugu Desam Party (TDP) and former Chief Minister (CM) of Andhra Pradesh, has been arrested on charges of corruption. Naidu's arrest is linked to an alleged scam amounting to 317 crore rupees in the Andhra Pradesh State Skill Development Corporation during his tenure as CM.The AP State Skill Development Corporation was established to provide skill training to youth during the TDP regime, which governed Andhra Pradesh from 2014 to 2019.

9) Answer: A

The Reserve Bank of India (RBI) has granted its approval for the appointment of Dipak Gupta as the interim Managing Director (MD) and Chief Executive Officer (CEO) of Kotak Mahindra Bank for a period of 2 months, commencing from September 2, 2023.This decision followed the early resignation of Uday Kotak, the bank's previous MD and CEO, who stepped down 3 months prior to the end of his tenure.Analysts interpret this short-term appointment as an indicator that the central bank is nearing a decision regarding the selection of a permanent successor to Uday Kotak.

10) Answer: B

Sovereign Gold Bonds (SGB) opened for subscription which will remain open for buying till 15th September. This is the second Series of SGB schemes in the 2023-24 fiscal. The Reserve Bank of India (RBI) announced that the price of the gold bonds will be 5,923 rupees per gram. The RBI also announced a discount for online applicants to the scheme. A discount of 50 rupees per gram less than the nominal value will be given to those applying online and making the payment against the application through digital mode.

11) Answer: C

Market share of PSU general insurers reached for the first time below a third of industry’s premium.Premium income of PSUs declined from ₹37,100 crore to ₹34,203 crore.For the first time, state-run general insurers account for less than a third of the industry premium at 32.5%, according to the General Insurance Council data.In another first, market share of standalone health insurers increased to 10.4% from 9.2% during the first five months of the current fiscal.It recorded a premium income of ₹1.14 lakh crore. Premium income of ₹1.02 lakh crore was recorded in the same period in FY23.There are 26 operational general insurers in the country.

12) Answer: A

Nayara Energy is an integrated downstream company of an international scale with a strong presence across the hydrocarbon value chain from refining to retail. Nayara Energy owns India’s second-largest single-site refinery at Vadinar, Gujarat with a capacity of 20 MMTPA. It is one of the world’s most modern and complex refineries with a complexity of 11.8, which is amongst the highest globally. The company has over 6,000 operational retail outlets spread across India.

13) Answer: B

China is set to launch the Wide Field Survey Telescope (WFST), the largest time-domain survey facility in the Northern Hemisphere, in September, 2023.The WFST, characterised by a 2.5-meter primary mirror and a prime-focus camera with a large field of view, is currently undergoing engineering debugging and pilot observation processes.To explore and monitor dynamic astronomical events through time-domain observation research. This includes detecting faint and distant celestial signals, such as those from galaxies beyond the Milky Way and galaxy clusters.

14) Answer: B

The Indian Air Force (IAF) successfully tested the efficacy and foolproof functioning of the Military Combat Parachute System which is indigenously designed and developed by the Aerial Delivery Research and Development Establishment (ADRDE). Established: 1969.Headquarters: Kanpur, Uttar Pradesh. Director : Manoj Kumar. The ADRDE is a laboratory of the Indian Defence Research and Development Organisation (DRDO).

15) Answer: C

The 62nd edition of the Subroto Cup International Football Tournament will be held from 19th September this year. A total of 109 teams from 27 States and Union Territories will participate in the tournament. Under - 17 Junior Boys and Girls tournaments will be held in Delhi and Gurugram, While the Under-14 Sub Junior Boys Competition will be held in Bengaluru.Air Marshal R K Anand and Vice Chairman Subroto Mukherjee Sports Education Society informed that this tournament aims to promote football at the grassroots level.