Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2023 of 26th December 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) Which Bank, a cutting-edge private sector bank, has partnered with Easy Home Finance Limited (EASY), the top mortgage technology company in India, to provide the nation with reasonably priced house loans?

(a) DCB bank

(b) IDFC First bank

(c) HDFC

(d) ICICI bank

(e) YES bank

2) Which Bank has partnered with Aditya Birla Sun Life Insurance in a bancassurance agreement to provide insurance products to the bank's clients?

(a) DCB bank

(b) IDFC First bank

(c) HDFC

(d) ICICI bank

(e) YES bank

3) What percentage of unclaimed bank deposits have increased significantly year over year, from Rs 32,934 crore in the fiscal year 2022 to Rs 42,270 crore by March 2023?

(a) 25%

(b) 28%

(c) 20%

(d) 22%

(e) 26%

4) What is the duration of Bandhan Bank's senior citizen preferred fixed deposit rate of 8.35 percent interest on FDs?

(a) 8.15%

(b) 8.25%

(c) 8.35%

(d) 8.45%

(e) 8.55%

5) In order to promote climate-resilient cities in the face of increasingly frequent climatic shocks like floods and droughts, the World Bank reports that the recently approved how many million dollar Tamil Nadu Climate Resilient Urban Development Program would improve access to high-quality water and sewage services?

(a) $200million

(b) $100million

(c) $300million

(d) $400million

(e) $500million

6) Which country is going to release an app that allows businesses to track real-time freight over land, train, sea, and air?

(a) Australia

(b) Germany

(c) Canada

(d) Singapore

(e) India

7) By which year does India hope to change the nation's health system through an all-encompassing approach?

(a) 2035

(b) 2037

(c) 2040

(d) 2045

(e) 2047

8) Which ministry introduced three subsidiary plans under the RAMP program's auspices?

(a) Ministry of Home Affairs

(b) Ministry of Finance

(c) Ministry of Road Transport

(d) Ministry of MSME

(e) Ministry of Housing and Urban

9) Under which ministry is the Bhoomi Rashi Portal based?

(a)  Ministry of Home Affairs

(b) Ministry of Finance

(c) Ministry of Road Transport

(d) Ministry of MSME

(e) Ministry of Housing and Urban

10) The Asia-Pacific Awards for Cultural Heritage Conservation program, run by UNESCO, honors private individuals and groups for their work in preserving, renovating, and restoring buildings and structures with historical significance in the area. This year, how many initiatives from China, India, and Nepal were acknowledged by the awards panel?

(a) 10

(b) 12

(c) 14

(d) 16

(e) 18

11) For which book has Sukrit Paul Kumar been awarded the Rabindranath Tagore Literary Prize for the sixth edition?

(a) Ten Tales of Ten stories

(b) The city and The Sea

(c) Salt & Pepper: Selected Poems

(d) Independent People

(e) Build Don’t Talk

12) For how long does the RBI approve Sandeep Batra's continued appointment as executive director at ICICI Bank?

(a)  1year

(b)  2years

(c)  3years

(d)  4years

(e)  5years

13) The Wrestling Federation of India (WFI) has elected Sanjay Kumar Singh as its new president. In which state is he also the vice president of the Wrestling Association?

(a) Madhya Pradesh

(b) Maharashtra

(c) West Bengal

(d) Uttar Pradesh

(e) Uttrakhand

14) For the Quaker brand, PepsiCo India has signed celebrity pair Kiara Advani and Sidharth Malhotra as brand ambassadors. When did Quaker Oats start out?

(a) 2002

(b) 2004

(c) 2006

(d) 2008

(e) 2010

15) A three-way partnership between Google Maps, Namma Yatri, and the government-backed Open Network for Digital Commerce (ONDC) aims to improve consumers' open mobility experience. Which department does ONDC belong to?

(a) NHAI

(b) DPIIT

(c) DARPG

(d) NIC

(e) CAG

16) Which well-known tech business has partnered with Open Network for Digital Commerce (ONDC), a government-backed e-commerce network?

(a) ITC

(b) HUL

(c) Meta

(d) Flipkart

(e) Amazon

17) Which retail business is working to increase the reach of the items made by the Deendayal Antyodaya Yojana-National Rural Livelihoods Mission (DAY-NRLM) self-help groups (SHGs)?

(a) Dunzo

(b) BigBasket

(c) Jiomart

(d) Instamart

(e) DMart

18) Which state's Anmol Kharb wins the women's singles championship in the National Badminton Championships?

(a) Nagaland

(b) Mizoram

(c) Assam

(d) Bihar

(e) Goa

19) Which sports does Savita Punia engage in?

(a) Chess

(b) Badminton

(c) Wrestler

(d) Hockey

(e) Cricket

20) Who is IDFC First Bank's MD & CEO?

(a) Muralitharan.K

(b) Natrajan. B

(c) Karthikrishnan. S

(d) Vaidyanathan.V

(e) Kamalesh Rao. P

Answers :

1) Answer: A

DCB Bank, a new generation private sector bank and Easy Home Finance Limited (EASY) - India's leading mortgage tech company have entered a co-lending business alliance to offer affordable home loans in the country. This alliance seeks to leverage DCB Bank's expertise in the affordable housing segment and EASY's tech capabilities to enable quick disbursement of affordable home loans and fulfill the dream of many an Indian of owning a home, come true.DCB Bank has built a granular and secure home loan portfolio across varied geographies and has built expertise in credit assessment for a range of loans such as, prime home loans, affordable home loans, Loan against Property (LAP), Micro-LAP, loan for home improvement, and construction finance for developers as well. EASY is a pioneer in the mortgage tech space in the Indian subcontinent. The co-origination, underwriting and disbursement activities from both the parties working together will enable a seamless process for new home buyers. Easy's asset-light model of neo banking mortgage and a greater reach for digital home loans combined with rural and urban connect of DCB Bank will help customers in faster processing of their home loan application. The alliance will benefit customers in numerous ways such as eradicating the hassle of long home loan procedures and excessive paper-based processes.

2) Answer: B

Aditya Birla Sun Life Insurance and IDFC First Bank have entered into a bancassurance partnership to offer insurance solutions to the bank’s customers. Under this collaboration, the insurer will leverage the extensive distribution network of IDFC First Bank. Aditya Birla Sun Life will offer products and services, including those that focus on retirement planning, ensuring a steady source of second income and tax-free returns tailored to their life stages. The partnership will provide customers with a one-stop-shop for their financial needs, including a range of insurance and banking products, and enhance the customer experience. The two organisations will also collaborate to create financial solutions that cater to the changing needs of customers. MD and CEO of Aditya Birla Sun Life Insurance : Kamlesh Rao. Bancassurance is a relationship between a bank and an insurance company that  is aimed at offering insurance products or insurance benefits to the bank's customers. This partnership arrangement can be profitable for both companies.

3) Answer: B

Unclaimed deposits with banks have seen a notable 28% year-on-year increase, soaring to Rs 42,270 crore by March 2023, up from Rs 32,934 crore in the fiscal year 2022.Among the unclaimed deposits, public sector banks hold a significant share, amounting to Rs 36,185 crore, while private sector banks account for Rs 6,087 crore as of March 2023.RBI's Involvement: Banks follow a practice of transferring unclaimed deposits from dormant accounts of 10 or more years to the Reserve Bank of India's (RBI) Depositor Education and Awareness (DEA) Fund. RBI's Directive: In an effort to tackle the issue, the RBI has instructed banks to publish lists of unclaimed deposits from accounts inactive for a decade or longer on their official websites. Centralised Web Portal (UDGAM): The RBI has introduced a centralised web portal called Unclaimed Deposits Gateway to Access Information (UDGAM). This portal facilitates the search for unclaimed deposits across various banks.'100 Days 100 Pays' Campaign: The RBI has initiated a campaign named '100 Days 100 Pays,' urging banks to identify and settle the top 100 unclaimed deposits of each bank in every district within a 100-day timeframe. Refunds under Campaign: At the conclusion of the '100 Days 100 Pays' campaign, 31 major banks, constituting over 90% of unclaimed deposit balances with the DEA Fund, have successfully refunded Rs 1,432.68 crore.

4) Answer: C

A specially designed INSPIRE membership card will allow senior citizens to access healthcare benefits, enhanced banking services and special interest rates on fixed deposits (FD).This all-in-one product is packed with multiple benefits to help seniors retire with confidence. As part of the INSPIRE programme, Bandhan Bank also plans to set up dedicated senior citizen help desks at its branches to ensure personalised service. The fee discounts include doctor consultations, medical check-ups and dental care through its partner healthcare providers. The bank also plans to have additional features like direct access to phone banking officers to ease senior citizens while availing banking services. In addition, trained executives will be assigned to handhold senior citizen customers who wish to avail of banking services through the mobile app, internet, SMS and missed call facilities round the clock. Regarding preferential fixed deposit rates for senior citizens, Bandhan Bank offers 8.35 per cent interest on 500-day FDs. It provides 7.5 per cent annual interest to seniors for tax-saver FDs. In August, 2023 the Reserve Bank of India (RBI) authorised the bank to disburse civil pensions to the central government employees on behalf of the Central Pension Accounting Office (CPAO) under the finance ministry, marking a major milestone in its journey.

5) Answer: C

The World Bank's Board of Executive Directors has given the green light to a groundbreaking initiative aimed at fortifying urban water and sewerage systems for approximately 2 million people in Tamil Nadu, one of India's most urbanised states. According to the World Bank, the newly approved USD 300 million Tamil Nadu Climate Resilient Urban Development Program is set to enhance access to quality water and sewerage services, promoting climate-resilient cities in the face of escalating climate shocks such as floods and droughts. The program will target 21 Urban Local Bodies (ULBs), upgrading their delivery systems to ensure efficient water supply and sewerage services. The $300 million loan from the International Bank of Reconstruction and Development (IBRD) will use the blended financing instrument of Program-for-Results (PforR) with Investment Project Financing (IPF) to link disbursement of funds directly to the achievement of results while providing technical assistance. The Program loan has a maturity of 32 years with a grace period of 7 years.

6) Answer: E

India will launch an app that will enable companies to track their live cargo across land, rail, sea, and air. The app has garnered interest from over 700 companies across courier, logistics, shipping, and manufacturing. These companies have signed up on the app which the government will launch soon. The National Industrial Corridor Development Corporation

and trace the consignment. They will also measure the reliability of consignment movement to

provide real-time tracking details and vehicle visibility. The aim of the app is to enhance tracking capabilities, providing real-time visibility into the movement of trucks, trains, and air couriers. The initiative is part of India's plan to streamline logistics and reduce costs. India's logistics cost was 7.8-8.9% of the country's gross domestic product (GDP) in fiscal year 2022. India wants to reduce it to 5-6%.The app also aligns with India's broader plan to improve its ranking in the World Bank's Logistics Performance Index, from 38 currently down to 25.

7) Answer: E

Union Health Minister Dr. Mansukh Mandaviya today virtually launched MedTech Mitra - a strategic initiative to empower MedTech innovators and advance healthcare solutions. It will be a game-changer for Indian MedTech industry and facilitate indigenous development of affordable, quality MedTech devices and diagnostics.Dr. Mandaviya stated that the medical devices sector is an integral constituent of India’s healthcare sector. India is taking a holistic approach to health with a vision to transform the health landscape in the country by 2047.

8) Answer: D

Union Minister for Micro, Small & Medium Enterprises (MSME) launched three sub-schemes under the aegis of the RAMP programme. These are MSME Green Investment and Financing for Transformation Scheme (MSE GIFT Scheme), MSE Scheme for Promotion and Investment in Circular Economy (MSE SPICE Scheme) MSE Scheme on Online Dispute Resolution for Delayed Payments. The first scheme - The MSME Green Investment and Financing for Transformation Scheme (MSME GIFT Scheme) intends to help MSMEs adopt green technology with interest subvention and credit guarantee support. The MSE Scheme for Promotion and Investment in Circular Economy (MSE SPICE Scheme) is the first-ever scheme in the Government to support circular economy projects which will be done through credit subsidy and will lead to realising the dream of MSME sector towards zero emissions by 2070The MSE Scheme on Online Dispute Resolution for Delayed Payments is a first of its kind scheme to synergise legal support with modern IT tools and Artificial Intelligence to address the incidences of delayed payments for Micro and Small Enterprises. The Support for Commercialisation of IP Programme (MSME – SCIP Programme) will enable the innovators in the MSME sector to commercialize their IPR. In addition, the ZED Scheme of the Ministry has now been made completely free for women led MSMEs. The government guarantees payment of 100 percent financial support for the certification cost. These two interventions were also launched by the Union Minister .The Ministry exchanged Memorandum of Understanding (MoUs) with the implementing agencies SIDBI (for MSME GIFT and MSME SPICE schemes) and with National Informatics Centre Services Inc. (for NICSI) for MSE ODR scheme. The Raising & Accelerating MSME Performance (RAMP) programme is assisted by the World Bank. It aims to improve the performance of micro, small, and medium enterprises (MSMEs) in India. It was launched in 2022.Small Industries Development Bank of India (SIDBI) for MSME GIFT and MSME SPICE schemes and National Informatics Centre Services Inc. (for NICSI) for MSE ODR scheme.

9) Answer: D

The Union Minister of Road Transport and Highways, 1467 projects of the National Highways Authority of India (NHAI) have been brought under the Bhoomi Rashi Portal. It is an e-governance initiative of the Ministry of Road Transport and Highways. The portal intends to expedite the process of land acquisition for National Highways. It acts as a single-point platform for the online processing of land acquisition notifications to accelerate highway infrastructure development projects in India. This portal would enhance the efficiency of the land acquisition process, ensure transparency and accountability, and result in the e-transfer of benefits directly to the accounts of the beneficiaries.

10) Answer: B

UNESCO has awarded Rambagh Gate and Ramparts in Amritsar, Punjab. It has also awarded heritage conservation projects related to Haryana's Church of Epiphany and Delhi's Bikaner House. The Rambagh Gate and Ramparts project received the highest honor, the 'Award of Excellence'. It received the award for its inclusivity and access to the broader community. Three projects, namely the Fanling Golf Course in Hong Kong SAR, China; Dongguan Garden Residences in Yangzhou, China; and Karnikara Mandapam at Kunnamangalam Bhagawati Temple, Kerala, India, garnered an Award of Distinction. Five projects were recognized with an Award of Merit, including Yan Nan Yuan, at Peking University, Beijing, China; Pan Family Residence, in Suzhou, China; Church of Epiphany, in Haryana, India; David Sassoon Library and Reading Room, in Mumbai, India; and Bikaner House, in New Delhi, India. The Karnikara Mandapam at Kunnamangalam Bhagawati Temple, in Kerala, India; Pipal Haveli, in Punjab, India; and Sikami Chhen, in Kathmandu, Nepal, were awarded the Special Recognition for Sustainable Development for their transformative heritage practices which contribute to larger principles of sustainable development. Every year, since 2000, the UNESCO Asia-Pacific Awards for Cultural Heritage Conservation programme has been recognizing the efforts of private individuals and organizations in restoring, conserving, and transforming structures and buildings of heritage value in the region. This year, the awards panel recognised twelve projects from China, India, and Nepal. Five projects are from China, six are from India, and one is from Nepal.

11) Answer: C

Sukrita Paul Kumar has won the sixth edition of the Rabindranath Tagore Literary Prize for her book, 'Salt & Pepper: Selected Poems'. She received USD 5,000, a Tagore statue and a certificate for contribution to literature at the award ceremony.The award was started in 2018 by US-based publisher Peter Bundalo. The award is a platform for world peace, literature, art, education and human rights. It also recognises works towards human rights and world peace with the Social Achievement Prize. Nobel laureate Abhijit Banerjee was awarded the Rabindranath Tagore Literary Prize for social achievement for his contributions to societal welfare. Journalist-author Raj Kamal Jha won the prize last year for his novel 'The City and The Sea'.

12) Answer: B

The Reserve Bank of India (RBI) has approved the reappointment of Sandeep Batra as Executive Director of ICICI Bank, effective from December 23, 2023, to December 22, 2025.This renewed term of two years is within the five-year term previously approved by the shareholders. Batra is an ED on the Board of ICICI Bank and has been responsible for the Corporate Centre since July 2018. He is responsible for the credit, corporate communications, data science, finance, human resource, legal, operations and customer service, technology and secretarial groups. He is administratively responsible for the risk function, internal audit and compliance groups. He also serves on the board of ICICI Prudential Life Insurance, ICICI Lombard General Insurance, ICICI Prudential Asset Management and ICICI Venture.

13) Answer: D

Sanjay Kumar Singh has won the election for the new president of the Wrestling Federation of India (WFI).He got 40 votes in the election. The other applicant, Commonwealth Games gold medal-winning wrestler Anita Sheoran got 7 votes. Mr Singh is also the vice president of the Uttar Pradesh (UP) Wrestling Association. He previously served on the WFI’s executive council. He has also been its joint secretary since 2019.He will succeed controversial Brij Bhushan Sharan Singh as WFI chief. Brij Bhushan Sharan Singh was forced to resign from his position after some wrestlers made accusations against him.

14) Answer: C

PepsiCo India has roped in celebrity couple Kiara Advani and Sidharth Malhotra brand ambassador for brand Quaker. The new brand ambassadors will play a pivotal role in forthcoming campaigns and launches deepening engagement with the audiences. Quaker Oats was launched in India in 2006.The range includes Quaker Plain Oats, Quaker Oats Multigrain, Quaker Oats with Flavour Mix and Quaker Oats Muesli.

15) Answer: B

Open Network for Digital Commerce, is a private non-profit Section 8 company established by the Department for Promotion of Industry and Internal Trade(DPIIT)of Government of India to develop open e-commerce. Google Maps, Namma Yatri, and the government-backed Open Network for Digital Commerce (ONDC) have joined forces in a three-way collaboration to enhance the open mobility experience for users. ONDC, as a government-backed open network for online commerce, is actively engaged in partnerships with Namma Yatri and Google Maps to facilitate the integration of various mobility options such as local trains, autorickshaws, cabs, and metro. End-to-End Seamless Experience: The primary goal of the partnership is to provide users with an end-to-end seamless experience in open mobility, ensuring convenience and efficiency in navigating through various transportation options. Namma Yatri's Contribution: Namma Yatri, an open network mobility app, is working in conjunction with ONDC to integrate the scheduling, booking, and related services of Kochi Metro into the Google Maps platform for the benefit of users. Incorporation of Diverse Mobility Options: The collaboration aims to incorporate a diverse range of transportation modes, including local trains, autorickshaws, cabs, and metro services, into the Google Maps interface to offer users comprehensive and integrated mobility solutions. The company has tied up with open network mobility app Namma Yatri to bring the schedule, booking and all other related services of Kochi Metro for Google Maps users.

16) Answer: C

To provide support and upskilling opportunities for small businesses in India, leveraging Meta's business and technical solution providers. Enhanced Buyer-Seller Experiences: Meta's involvement includes the deployment of its business and technical solution providers to enhance conversational experiences between buyers and sellers on WhatsApp, a Meta-owned platform. ONDC's Role in Business Transformation: ONDC will play a crucial role in assisting businesses to become seller apps and facilitating their onboarding onto the network, contributing to the digitization and transformation of these enterprises. Meta Small Business Academy: The Meta Small Business Academy is introduced as part of the initiative, offering certification programs for entrepreneurs and marketers. These programs focus on imparting digital marketing skills essential for growth on Meta's platforms, including WhatsApp, Facebook, and Instagram.Certification Opportunities: Entrepreneurs and marketers can gain certifications through the Meta Small Business Academy, reflecting a commitment to fostering digital skills development and empowering small businesses. Integration with ONDC's Seller Support Chatbot Sahayak: As a component of the collaboration, Meta plans to enhance the services provided on ONDC's seller support WhatsApp chatbot, Sahayak. This is aimed at improving the efficiency and effectiveness of seller support services. Focus on Conversational Experiences: The partnership emphasizes the importance of seamless conversational interactions between buyers and sellers, highlighting the role of technology in facilitating smooth and efficient business transactions.

17) Answer: C

The Ministry of Rural Development (MoRD) has signed a memorandum of understanding (MoU) with Reliance Retail’s JioMart as part of its efforts to enhance the outreach of the products of self-help groups (SHGs) of Deendayal Antyodaya Yojana-National Rural Livelihoods Mission (DAY-NRLM).This will bring SHGs under MoRD’s SARAS collection brand onto JioMart offering a range of handlooms and handicrafts products from traditional textiles to pantry, home décor and beauty products. This initiative will further boost MoRD’s provision under the SARAS collection to be available to a larger consumer base. JioMart will also help set-up and support them to navigate and operate their account on the marketplace. Additionally, JioMart will jointly participate in trainings and workshops facilitated by MoRD to enable sellers to familiarise selling experience on the portal

18) Answer: C

In Badminton, Anmol Kharb has won the women’s singles title at the National Badminton Championships 2023 in Guwahati, Assam. The teenager lost the first game of the final to Tanvi Sharma but fought back to level the score. The men’s singles title clash saw an upset as the unseeded Chirag Sen secured the national title after defeating fourth-seed Tharun M. In the mixed doubles summit clash, Dhruv Kapila and Tanisha Crasto defeated the sixth-seeded duo of Nitin Kumar-Navdha Manglam 21-13, 21-8 to claim their maiden national title. Priya Devi Konjengbam and Shruti Mishra lifted the women’s doubles title with a win over Ritika Thaker-Simran Singh. The men’s doubles final was an edge-of-the-seat thriller where K Pruthvi Roy-Suraj Goala caused an upset by defeating Krishna Prasad Garaga-Vishnuvardhan Goud Panjala.

19) Answer: D

Indian hockey players Hardik Singh and Savita Punia have won major awards at the FIH Hockey Star Awards for the 2023 season.  Singh was named the men’s player of the year while Punia won the best women’s goalkeeper of the year award. Hardik became the third male player from India to win the coveted award, joining Manpreet Singh (2019) and Harmanpreet Singh (2020-21 and 2021-22).Besides Hardik, India women’s team skipper Savita Punia won the FIH Goalkeeper of the Year award for the third consecutive time. Notably, this is Hardik’s second significant accolade this year as he had won the esteemed Hockey India Balbir Singh Sr Award for Player of the Year 2022 earlier this year.

20) Answer: D

About IDFC First Bank :

• Founded : October 2015
• Headquarters : Mumbai, Maharashtra, India
• MD & CEO : V. Vaidyanathan
• IDFC FIRST Bank is an Indian private sector bank formed by the merger of the banking arm of Infrastructure Development Finance Company and Capital First, an Indian non-bank financial institution.
• It is the first universal bank to offer monthly interest credit on savings accounts, lifetime free credit cards with dynamic and low annual percentage rates.