Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2023 of 16th March 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) Recently, Which of the following has received the ‘Infrastructure Finance Company’ status from the Reserve Bank of India (RBI)?

(a) BHEL

(b) NTPC

(c) GAIL

(d) BEL

(e) IREDA

2) As per the recent newspaper report,Which bank has been shut down by regulators due to the sudden shutdown of Silvergate Capital Corp and the unmindful fundraising?

(a) Chase Bank

(b) First Republic Bank

(c) Bank of America

(d) Silicon Valley Bank

(e) Royal Bank of Scotland

3) Consider the following statement regarding the Indo-Pacific Economic Framework meeting. Which of the following statement is incorrect?

(i) First round of Indo-Pacific Economic Framework negotiations is being held in Bali on 13-19 March 2023.

(ii) India does have an issue with labour provisions such as non-exploitation of workers, prevention of child labour and payment of minimum wages.

(iii) Indo-Pacific Economic Framework is 14 member alliance that was launched by US President Joe Biden in 2022 to challenge China’s growing influence in the Indo-Pacific region.

(a) Only (i)

(b) Both (i) and (ii)

(c) Only (ii)

(d) Both (ii) and (iii)

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

4) Who among the following has launched MSME Competitive (LEAN) scheme to provide a roadmap for global competitiveness for MSMEs?

(a) Piyush Goyal

(b) Narendra Modi

(c) Narayan Rane

(d) Mansukh Mandaviya

(e) Jitendra Singh

5) Prime Minister Narendra Modi has inaugurated the "longest railway platform in the world" at Shree Siddharoodha Swamiji Hubballi Station of Karnataka. What is the length of this railway platform?

(a) 1,780 m

(b) 2,173 m

(c) 2,000 m

(d) 1,208 m

(e) 1,507 m

6) Recently, the Minister of Commerce and Industry Piyush Goyal chaired the 6^th meeting of the National Startup Advisory Council in________.

(a)Mumbai

(b)New Delhi

(c)Kolkata

(d)Raipur

(e)Jaipur

7) Consider the following statement regarding the Bengaluru-Mysuru Expressway. Which of the following statement is correct?

(a) Prime Minister Narendra Modi has inaugurated the Bengaluru-Mysuru Expressway in Mandya.

(b) It is a 121 km long project that has been developed at a cost of Rs 8480 crore.

(c) The project involves six-laning of the Bengaluru-Nidaghatta-Mysuru section of NH-275.

(d) This expressway will reduce the travel time to around 75 minutes between Bengaluru and Mysuru from around 3 hours.

(e) The highway is spread over 92 Km and will be developed at a cost of Rs 4,130 crore.

8) Which country became the latest country to join an alternative mechanism, Multi-Party Interim Appeal Arbitration Arrangement (MPIA) to resolve the trade dispute mechanism at the World Trade Organization (WTO)?

(a) India

(b) Japan

(c) Singapore

(d) Indonesia

(e) Cambodia

9) According to the Joint Trilateral Statement issued by the Kingdom of Saudi Arabia, the Islamic Republic of Iran, and the People’s Republic of_______ to resume diplomatic relations.

(a) Japan

(b) Belgium

(c) Argentina

(d) China

(e) Australia

10) Recently in March 2023, Where was the 3^rd Divya Kala Mela held?

(a)Hyderabad, Telangana

(b)Mumbai, Maharashtra

(c)Bhubaneswar, Odisha

(d)Lucknow, Uttar Pradesh

(e)Bhopal, Madhya Pradesh

11) Which of the following ministries has won the Golden & Silver Star in ‘TV/Cinema Commercials International and Country International’ Category?

(a) Ministry of Rural Development and Panchayati Raj

(b) Ministry of Electronics and Information Technology

(c) Ministry of Science and Technology

(d) Ministry of Housing and Urban Affairs

(e) Ministry of Tourism

12) As per the recent data, India's net direct tax collection up _______ to Rs 13.73 lakh crore till 10 March 2023.

(a) 15%

(b) 17%

(c) 21%

(d) 25%

(e) 32%

13) With which country did India sign a Memorandum of Cooperation (MoC) to strengthen cooperation and promote research networking between research institutions from both countries?

(a) France

(b) Canada

(c) Belgium

(d) Germany

(e) Sweden

14) According to the Swedish Think Tank Stockholm International Peace Research Institute (SIPRI), India’s arms imports dropped by ___ between 2013–17 and 2018–22.

(a) 14%

(b) 22%

(c) 11%

(d) 15%

(e) 19%

15) Recently, One of the world's most active volcanoes Mount Merapi volcano has erupted, sending smoke and ash spreading over nearby villages. Where is Mount Merapi volcano located?

(a) Greece

(b) Brazil

(c) Italy

(d) South Korea

(e) Indonesia

16) Who has been appointed as the managing director (MD) of the Life Insurance Corporation (LIC) of India?

(a) Bishnu Charan Patnaik

(b) Tablesh Pandey

(c) Shravin Mittal

(d) R. Vanitha

(e) Injeti Srinivasan

17) Which edition of the multilateral exercise “La Perouse” was conducted from 13 to 14 March 2023 in the Indian Ocean region?

(a)3^rd

(b)2^nd

(c)1^st

(d)4^th

(e)5^th

18) Whobecame Asia's first female locomotive pilot to operate the newly-introduced semi-high-speed Vande Bharat Express train?

(a) Surekha Yadav

(b) Avani Chaturvedi

(c) Suranga Lakmal

(d) Mohana Singh Jitarwal

(e) Shivangi Singh

19) Renowned Bengali novelist Sasthipada Chattopadhyay passed away at the age of 82. He was awarded Bal Sahitya Puraskar in _______by the Sahitya Akademi for his contribution to children's literature in Bengali.

(a) 2015

(b) 2019

(c) 2016

(d) 2014

(e) 2017

20) National Vaccination Day is observed all over Indiaon 16th March 2023.This day celebrated annually since ______.

(a) 1993

(b) 1995

(c) 1991

(d) 1999

(e) 1989

Answers :

1) Answer: E

The Reserve Bank of India (RBI) has granted an ‘Infrastructure Finance Company (IFC)’ status to Indian Renewable Energy Development Agency (IREDA).

With IFC status, IREDA will be able to take higher exposure to renewable energy (RE) financing.

Earlier, IREDA was classified as an ‘Investment and Credit Company (ICC)’

Key Highlights :

The IFC status will also help the company to access a wider investor base for fund mobilisation, resulting in competitive rates for fundraising.

The recognition of IREDA as an IFC will increase investors’ confidence, enhance brand value, and generate a positive outlook in the market.

The grant of IFC status is a recognition of IREDA’s 36 years of infrastructure financing and development with focused development of RE.

With IFC status, IREDA will keep contributing towards Govt. of India’s target of 500 GW installed capacity of non-fossil fuels by 2030.

2) Answer: D

The 16th largest bank in the United States (US) Silicon Valley Bank (SVB), has been shut down by regulators due to the sudden shutdown of Silvergate Capital Corp and the unmindful fundraising of SVB.

It is the second biggest bank failure in U.S history after the collapse of Washington Mutual in the 2008 financial crisis.

SVB is a key player in the tech and venture capital community.

Around half of the U.S. technology and healthcare companies were SVB customers.

In the last 18 months, Technology sector stocks have declined sharply.

It suffered a major loss due to the increase in interest rates by the US central bank.

The main office and all branches of Silicon Valley Bank will reopen on March 13, 2023.

3) Answer: A

The second round of IPEF negotiations is being held in Bali on 13-19 March 2023.

India is going to oppose any attempt to weave in mandatory commitments on labour and environment standards in three pillars- supply chains, clean energy and infrastructure and fair economy- of the IPEF.

India does not have an issue with labour provisions such as non-exploitation of workers, prevention of child labour and payment of minimum wages.

Indo-Pacific Economic Framework is 14 member alliance that was launched by US President Joe Biden in 2022 to challenge China’s growing influence in the Indo-Pacific region.

4) Answer: C

Union Minister Narayan Rane launched MSME Competitive (LEAN) scheme.

The main aim of the MSME Competitive (LEAN) scheme is to provide a roadmap for global competitiveness for MSMEs.

The main aim of the scheme is to improve the quality, productivity and performance of MSMEs and to change the mindset of manufacturers.

It is an initiative to create awareness among MSMEs about LEAN manufacturing practices.

It motivates and incentivizes MSMEs to attain LEAN levels and encourages them to become MSME champions.

LEAN manufacturing tools like 5S, Kaizen, KANBAN, visual workplace, and Poka Yoka will be implemented under the scheme.

LEAN manufacturing tools will be used under the able guidance of trained and competent LEAN consultants to attain LEAN levels.

These will help in reducing wastage and improve quality and make MSMEs competitive.

5) Answer: E

Prime Minister Narendra Modi inaugurated the "longest railway platform in the world" at Shree Siddharoodha Swamiji Hubballi Station of Karnataka.

It is a 1,507 m long platform which has been built at a cost of about Rs 20 crore.

Platform number 8 measuring 1,507 m has got the recognition of the longest railway platform in the world.

The platform is a part of the Hubballi Yard re-modeling project.

The Guinness Book of World Records recognized this as the longest railway platform globally on 2nd March 2023.

6) Answer: B

Minister of Commerce and Industry Piyush Goyal chaired the 6th meeting of National Startup Advisory Council in New Delhi.

NSAC deliberated upon matters important for the emergence of startup ecosystem in India.

India is the third largest start up ecosystem globally.

Discussion on topics like Tech Landscape and the Way Ahead, Innovation in Logistics, Making India the Global Skill Market, Innovation Hub, Women Entrepreneurship, Capacity Building for Domestic Capital and Thematic Seed Funds took place during the meeting.

Mr. Goyal also launched the Startup India Investor Connect portal.

The portal is ideated by the NSAC and co-developed by DPIIT and SIDBI.

7) Answer: B

PM Modi inaugurated the Bengaluru-Mysuru Expressway in Mandya.

It is a 118 km long project that has been developed at a cost of Rs 8480 crore.

The project involves six-laning of the Bengaluru-Nidaghatta-Mysuru section of NH-275.

The expressway comprises six bypasses at Bidadi (7 km), Ramanagara and Channapatna (22 km), Maddur (7 km), Mandya (10 km) and Srirangapatna (7km).

This expressway will reduce the travel time to around 75 minutes between Bengaluru and Mysuru from around 3 hours.

Apart from this, PM Modi also laid the foundation stone for Mysuru-Kushalnagar four-lane highway.

The highway is spread over 92 Km and will be developed at a cost of Rs 4,130 crore.

8) Answer: B

Japan has become the latest country to join an alternative mechanism, Multi-Party Interim Appeal Arbitration Arrangement (MPIA) to resolve the trade dispute mechanism at the World Trade Organization (WTO).

About MIPA :

The MPIA is an alternative mechanism for resolving WTO disputes.

It was set up by the EU and their key partners.

Including Japan, 26 WTO members currently participate in the MPIA.

WTO members can resort to the use of the MPIA under Article 25 of the WTO Dispute Settlement Understanding, as an alternative mechanism for dispute settlement.

Under MPIA, the first appeal will be heard on anti-dumping duties imposed by Colombia on frozen fries from Belgium, Germany and the Netherlands.

WTO members are committed to place a reformed and fully functioning dispute settlement system by 2024.

Generally, disputes are resolved through negotiate

9) Answer: D

According to the Joint Trilateral Statement issued by the Kingdom of Saudi Arabia, the Islamic Republic of Iran, and the People’s Republic of China, an agreement has been reached between the Kingdom of Saudi Arabia and the Islamic Republic of Iran, to resume diplomatic relations.

It has been agreed to re-open their embassies and missions within a period not exceeding two months.

About the agreement :

The agreement includes their affirmation of the respect for the sovereignty of states and the non-interference in each other's internal affairs.

They also agreed that the Ministers of foreign affairs of both countries shall meet to implement this, arrange for the return of their ambassadors, and discuss means of enhancing bilateral relations.

10) Answer: E

Madhya Pradesh (MP) Governor Shri Mangubhai Patel inaugurated the 3rd Divya Kala Mela at Bhopal, MP.

In the presence of Social Justice and Empowerment Dr Virendra Kumar & and Minister of State Kumari Pratima Bhowmik.inaugurated this 10-day fair.

It will be organised by the Ministry of Social Justice and Empowerment, this divine art fair will run till 21 March, 2023

Aim :

To achieve holistic and all-round development so that the disabled can participate equally in this process.

The first Divya Kala Mela was held in December 2022 at Kartavya Path, New Delhi.

About 3rd Divya Kala Mela :

The 3rd Divya Kala Mela is an opportunity for Divyangjan to become entrepreneurs and artisans.

Around 150 Divyang artisans, artists and entrepreneurs from 21 states and union territories are participating in the Divya Kala Mela.

For the first time, Divya Kala Mela is being organised in Madhya Pradesh after Delhi and Mumbai.

11) Answer: E

The Ministry of Tourism has won the Golden & Silver Star in ‘TV/Cinema Commercials International and Country International’ Category.

The Promotional films / television commercials that received the award were part of the Ministry of Tourism Post Covid Promotional Global Campaign.

The Ministry of tourism has developed the new Incredible India brand films for welcoming foreign tourists to India after the pandemic.

The commercials have been produced in English with voiceovers in 9 international languages

Shri Arvind Singh, Secretary (Tourism) Government of India received the award.

ITB Berlin, the world’s leading travel trade show, was held from 7th to 9h March 2023.

The India Pavilion was inaugurated by Arvind Singh.

Around 60 participants from India were present in the India Pavilion.

The Ministry of Tourism is promoting India as a “Must See, Must Visit” destination.

12) Answer: B

India's net direct tax collection up 17% to Rs 13.73 lakh crore till March 10.

So far this fiscal year, net direct tax collection has reached 13.73 lakh crore rupees, which is around 17% higher than net collections for the same period last year.

This collection is over 97% of the total budget projections and more than 83% of the total revised estimates of Direct Taxes for Fiscal Year 2022-23.

The gross collection so far is ₹16.68 lakh crore, which is 22% higher than the gross collection for the same period last year, according to Central Board of Direct Taxes.

13) Answer: E

The Science and Engineering Research Board (SERB) of India, and The Swedish Foundation for International Cooperation in Research and Higher Education (STINT), Stockholm, Sweden, has signed a Memorandum of Cooperation (MoC).

The MoC signed to strengthen cooperation and promote research networking between research institutions from both countries.

Dr. Andreas Göthenberg, Executive Director of STINT, and Dr. Akhilesh Gupta, Secretary of SERB, signed the MoC.

The objective of this MoC is to promote mobility financing opportunities in both countries.

14) Answer: C

Despite a fall in overall imports by India, India remained the biggest arms importer between 2018-22 with an 11% share in total global arms imports.

According to the Swedish Think Tank Stockholm International Peace Research Institute (SIPRI), India’s arms imports dropped by 11% between 2013–17 and 2018–22.

Russia remained the largest arms supplier to India from 2013 to 2022.

Russia’s share in Indian arms imports has declined from 64% to 45%.

15) Answer: E

Indonesia's Mount Merapi volcano, one of the world's most active volcanoes, erupted, sending smoke and ash spreading over nearby villages.

The volcano erupted on the island of Java near Yogyakarta, the cultural capital of Indonesia.

The ash cloud has reached 9,600 feet above the surface.

The area up to seven kilometers from the blast site has been restricted.

There were no immediate reports of casualties.

In 2010, the volcano's last major eruption killed over 300 people and forced the evacuation of some 280,000 people.

16) Answer: B

The Life Insurance Corporation (LIC) of India has elevated MrTablesh Pandey, the executive director of LIC, as its managing director (MD) effective from April 1, 2023

Mr Pandey will replace present managing director Mr Bishnu Charan Patnaik

Presently, LIC has 4 managing directors.

Apart from him, the other 3 MDs are Mr M Jagannath, Mr Siddharth Mohanty (Interim Chairman), Mr Ipe Mini

About MrTableshPandey :

He has been associated with LIC of India for the past 35 years and has served in various capacities, including the role of Executive Director (Investment Operations) and Executive Director (International Operations)

17) Answer: A

The third edition of the multilateral exercise “La Perouse” was conducted from 13 to 14 March 2023 in the Indian Ocean region.

This edition will witness participation of personnel, ships and integral helicopters of Royal Australian Navy (RAN), French Navy, Indian Navy, Japanese Maritime Self DefenceForce(JMSDF), Royal Navy and the United States Navy.

Aim :

To enhance maritime domain awareness and maximise maritime coordination among participating navies in the Indo-Pacific region.

Key Highlights :

In this edition of the exercise, indigenously built Guided Missile Frigate INS Sahyadri and Fleet Tanker INS Jyoti participated.

18) Answer: A

Ms Surekha Yadav becomes Asia's first female locomotive pilot to operate the newly-introduced semi-high-speed Vande Bharat Express train.

She operated Vande Bharat Express from Solapur to Chhatrapati Shivaji Maharaj Terminal (CSMT) in Maharashtra.

About Surekha Yadav :

Surekha was born in Satara in Maharashtra on 2 September 1965.

She is the senior-most female loco pilot (train driver) of the Indian Railways in India,.

She became India's first female train driver in 1988.

She drove the first "Ladies Special" local train for Central Railways when it was 1st introduced in the 4 metro cities by Ms Mamata Banerjee the then Railway Minister, in April 2000.

19) Answer: E

Renowned Bengali novelist and short story writer Sasthipada Chattopadhyay passed away at the age of 82 in Howrah, West Bengal.

About SasthipadaChattopadhyay :

Chattopadhyay was born in Howrah district, West Bengal on 9 March 1941.

He is well known in Bengali literature for the series stories of ‘PandavGoenda’ (five detectives).

He created two more detective series -‘Detective Ambar Chatterjee’ and ‘Goenda Tatar’.

He published his first literary work ‘KamakhyaBhraman’ (visit to Kamakhya) in ‘DainikBasumati’ in 1961.

Awards &Honors :

He was awarded Bal Sahitya Puraskar in 2017 by the Sahitya Akademi for his contribution to children's literature in Bengali

The West Bengal government in 2017 honoured him with the ‘Bangla Akademi Award’ for his contribution to children’s literature.

20) Answer: B

On 16th March 2023, National Vaccination Day is observed all over India.

This year, that is National Vaccination Day 2023 Theme is “Vaccines Work For All”.

It is a national event celebrated annually since 1995 on 16th March every year.

National Immunisation Day, also called National Vaccination Day 2023 is observed to convey the importance of vaccination and its role in public health.

National Vaccination Day is celebrated every year in the country on March 16 as on the same day the first dose of Oral Polio Vaccine was given in India in 1995.

The day is observed to celebrate the Indian government's Pulse Polio Campaign which was an initiative to eradicate polio from the country.

As per the program, 2 oral drops of polio vaccine were provided for children from the age of 0 to 5 years.

This program became a success gradually, as in 2014 India became a polio-free country.