Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2023 of 27th April 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) The RBI has cancelled the banking licence of Adoor Co-operative Urban Bank and has allowed it to function as a non-banking institution.Where is Adoor Co-operative Urban Bank located?

(a) Odisha

(b) Punjab

(c) Kerala

(d) Haryana

(e) West Bengal

2) Which insurance company has partnered with actyv.ai to offer insurance products to MSMEs through their technology platform?

(a) The New India Insurance Company

(b) The United India Insurance Company

(c) Bajaj Allianz General Insurance Company

(d) Star Health and Allied Insurance Company

(e) HDFC ERGO General Insurance Company

3) Which of the following organisation has proposed to facilitate a balanced approach to ESG?

(a) FICCI

(b) RBI

(c) NASSCOM

(d) SEBI

(e) NITI Aayog

4) Which company has received in-principle approval from the capital markets regulator Securities and Exchange Board of India (SEBI) to launch a mutual fund business in India?

(a) Sealand

(b) CMA CGM

(c) Emkay Global

(d) India Infoline

(e) Safmarine

5) Recently, Which company has received the final observations, and go-ahead from SEBI for its Real Estate Investment Trust (REIT) initial public offering (IPO) of units?

(a) ArkasTrust

(b) MatsonSelect Trust

(c) Stolt Tank Trust

(d) Ocean NetworkTrust

(e) Nexus Select Trust

6) Recently, The4^thIndia-CARICOM ministerial meeting held between India and _____________.

(a) Kenya

(b) Somalia

(c) Nigeria

(d) Jamaica

(e) Canada

7) Which of the following country has approved the country’s first abortion pill-Mefeego pill pack?

(a) USA

(b) China

(c) Australia

(d) Japan

(e) South Korea

8) Recently, Which state government has celebrated the 5^th edition of the state-level HUN Thadou Cultural Festival?

(a) Tripura

(b) Assam

(c) Sikkim

(d) Arunachal Pradesh

(e) Manipur

9) Which of the following country accounted for one-fifth of private equity inflows into the Asia-Pacific?

(a) China

(b) India

(c) Canada

(d) Japan

(e) Sweden

10) As per the recent report, Alibaba splitted into ____units and planned to raise funds and explore initial public offerings.

(a) 2

(b) 6

(c) 4

(d) 3

(e) 5

11) The Indian Oil Corporation Limited (IOCL) has approved setting up a petrochemical complex at an estimated cost of ₹61,077 crore in ________________.

(a) Mumbai, Maharashtra

(b) Vadodara, Gujarat

(c) Lucknow, Uttar Pradesh

(d) Pune, Maharashtra

(e) Paradip, Odisha

12) Which of the following companyhas revised the eligibility criteria for SMEs looking to switch from its SME platform to the main board?

(a) NABARD

(b) BSE

(c) NSE

(d) SIDBI

(e) SEBI

13) Who among the following has received the highest order of Merit in Germany?

(a) Xi Jinping

(b) Volodymyr Zelenskyy

(c) Joe Biden

(d) Angela Merkel

(e) Narendra Modi

14) Which of the following company won the prestigious Tanker Operator Award?

(a) Walker Wayland

(b) Axiom Group

(c) Synergy Group

(d) Bright Group

(e) Save Energy

15) Name the Android app (a Twitter alternative) that has been recently launched by Jack Dorsey.

(a) Easy Twit

(b) Blue Bird

(c) Sky Blue

(d) Bluesky

(e) Tick Mark

16) Recently, Who has taken charge as the new Chairman of Karnataka Vikas Grameena Bank (KVGB)?

(a) Sumeet Kumar

(b) Harish Goenka

(c) Swati Sharma

(d) Shreekant M Bhandiwad

(e) Bhushan Patwardhan

17) Rajesh Kumar Singh assumed the charge of secretary in the Department for Promotion of Industry and Internal Trade (DPIIT). Whom did he replace?

(a) Anurag Jain

(b) TS Ramakrishnan

(c) Manoj Kumar Katiyar

(d) Sameer Gupta

(e) Akshaye Widhani

18) The Indian Space Research Organisation (ISRO) successfully launched the PSLV-C55 mission carrying 2 ____________ satellites TeLEOS-2.

(a) Turkey

(b) Norway

(c) Singapore

(d) Denmark

(e) Thailand

19) Which IIT has developed a device called ‘ARTSENS’ to assess the health and age of blood vessels and thereby provide early screening for cardiovascular diseases?

(a)IIT Madras

(b)IIT Kanpur

(c)IIT Bombay

(d)IIT Kharagpur

(e)IIT Mandi

20) Recently, Tarek Fatah passed away at the age of 73. He was a renowned ________________.

(a) Cricketer

(b) Journalist

(c) Dancer

(d) Politician

(e) Actor

Answers :

1) Answer: C

The Reserve Bank of India (RBI) has cancelled the banking licence of Kerala-based Adoor Co-operative Urban Bank and has allowed it to function as a non-banking institution.

The cancellation of the bank’s license and its new categorisation as a non-banking Institution has been done under various sections of the Banking Regulation Act, 1949.

The Bank was granted a license in January 1987.

Further, the bank has to repay unpaid and unclaimed deposits of non-members held by it, whenever demanded, even after being notified as a non-banking Institution.

2) Answer: C

Bajaj Finserv’s insurance subsidiary, Bajaj Allianz General Insurance Company has entered into a partnership with actyv.ai, the Singapore-headquartered enterprise under the Insurance Regulatory and Development Authority of India (IRDAI), to offer insurance products to MSME (Ministry of Micro, Small & Medium enterprises) through their technology platform and the partner ecosystem across the Supply chain.

Bajaj Allianz General Insurance, a private general insurer, will leverage the technology stack of the actyv.ai platform by offering innovative insurance products to champion the sustainability of suppliers, distributors and retailers.

With this collaboration, Bajaj Allianz will offer bite-sized commercial insurance products like fire and burglary, in addition to group health products like personal accident, hospital cash, credit-linked health plans and group health plans.

3) Answer: D

Capital Market Regulator Securities and Exchange Board of India (SEBI) came out with a holistic regulatory framework for ESG disclosures by India Inc, investors, and rating agencies to facilitate a balanced approach to ESG.

In order to enhance the reliability of ESG disclosures, the BRSR (Business Responsibility and Sustainability Report) Core should be introduced, which contains a limited set of key performance indicators (KPIs).

4) Answer: C

Emkay Global Financial Services has received in-principle approval from the capital markets regulator Securities and Exchange Board of India (SEBI) to launch a mutual fund business in India.

About Emkay Global Financial Services :

Founded : 1995

It offers services such as institutional equity, portfolio management services, wealth management, investment banking and global investing.

Key Highlights :

At present, there are 44 MF players with total assets under management of about ₹40 lakh crore with top 10 players accounting for a lion’s share of business.

Bajaj Finserv was the latest entrant to receive full-fledged mutual fund licence and it has recently filed papers for launching 7 new fund offers.

Similarly, billionaire Nitin Kamath-led Zerodha Broking, which has received SEBI’s in-principle approval for entering mutual fund business, plans to tie-up with Vasanth Kamath-owned fintech firm smallcase.

5) Answer: E

Nexus Select Trust, the retail-focused real estate investment trust sponsored by private equity firm Blackstone, has received the final observations, and go ahead from the Securities and Exchange Board of India (SEBI) for its Real Estate Investment Trust (REIT) initial public offering (IPO) of units.

The ₹4,000-crore IPO consists of a fresh issue of ₹1,600 crore while the remaining ₹2,400 crore is through an offer of sale from its main sponsor Blackstone and some other smaller holders.

The REIT aims for a listing by May 15,2023 and is expected to file its final offer document.

The REIT’s portfolio comprises 17 malls with a total leasable area of 10 million square feet.

With an enterprise value of ₹23,000 crore and a debt of ₹3,600 crore, the REIT will still have about $500 million for making acquisitions and adding to its portfolio.

It already has an acquisition pipeline of 2.5 msf of assets identified in places such as Ranchi,Jharkhand and Chennai, Tamil Nadu (TN).

6) Answer: D

India's External Affairs Minister Mr Jaishankar co-chaired the 4th India-CARICOM ministerial meeting with his Jamaican counterpart.

CARICOM, which stands for Caribbean Community, is the oldest surviving integration movement in the developing world.

It is an organization of Caribbean countries and dependencies originally established as the Caribbean Community and Commons Market in 1973 by the Treaty of Chaguaramas.

It has 15 members; Antigua and Barbuda, The Bahamas, Barbados, Belize, Dominica, Grenada, Guyana, Haiti, Jamaica, Montserrat, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Suriname, and Trinidad and Tobago.

The Chairmanship of the Community is rotated every six months among the member countries' Heads.

In 2007, CARICOM officially inaugurated the Caribbean Court of Justice (CCJ), which serves as the final court of appeal for CARICOM members and also handles regional trade disputes.

7) Answer: D

In a significant boost to reproductive rights, Japan’s Health Ministry has approved the country’s first abortion pill-Mefeego pill pack.

The approval came from the Health Ministry’s Pharmaceutical Board after it approved the MeFeego Pack abortion pill manufactured by British pharmaceutical Linepharma.

While abortion pills are widely available in many countries across the globe, the medication was not approved by Japan's Health Ministry.

Japan's abortion laws also allow women to have abortions only with the consent of their partners which denies women the right to make decisions over their own bodies.

8) Answer: E

Manipur Chief Minister (CM) Shri N Biren Singh inaugurated the 5th edition of the state-level HUN Thadou Cultural Festival, at Thomas Ground in Kangpokpi district of Manipur.

About HUN festival :

HUN festival is an annual cultural festival and a civilising act of the Thadous community of Manipur.

It is celebrated at the arrival of the new year according to the community.

9) Answer: B

India accounts for one-fifth of private equity inflows into the Asia-Pacific.

Private equity (PE) and venture capital (VC) inflows into India reached beyond $61 billion in 2022.

India’s share of investments in the Asia-Pacific region increased to a fifth from less than 15% a year ago.

As per the India Private Equity Report 2023 of Bain & Company, the current year will be a cautious optimism with momentum in sectors driven by domestic consumption and export.

PE and VC investment declined 15-30% across most regions.

Over 2,000 deals were transacted in 2022.

Venture capital and growth equity accounted for almost 90% of deals.

$1-billion investments slowed.

Exits slowed to $24 billion from an all-time high of $36 billion in 2021.

10) Answer: B

Alibaba Group Holding Ltd. plans to split its $220 billion empire into six units that will individually raise funds and explore initial public offerings, the biggest overhaul of China’s online commerce leader since its inception more than two decades ago.

The move frees up the Chinese company’s main divisions from e-commerce and media to the cloud to operate with far more autonomy, laying the foundation for future spinoffs and market debuts.

Alibaba’s announcement coincided with the return of its billionaire co-founder Jack Ma to China after more than a year abroad.

Alibaba is ready to tap investors and public markets after the Xi Jinping administration’s clampdown on internet spheres wiped out more than $500 billion of its value.

Alibaba has had previous success with spinoffs.

It hived off Alipay in 2010, an unpopular move that led to Ant Group Co’s creation.

11) Answer: E

State-run Indian Oil Corporation (IOCL) has approved setting up a petrochemical complex at Paradip in Odisha at an estimated cost of ₹61,077 crore.

The project will be the oil marketing company’s (OMC) largest-ever investment at a single location.

12) Answer: C

The National Stock Exchange of India (NSE) has revised the eligibility criteria for SMEs looking to switch from its SME platform to the main board.

The new guidelines require SMEs to list on the SME platform for at least three years along with a minimum net worth of Rs 50 crore and at least 1,000 public shareholders on the last day of the preceding quarter from the date of application before moving to the main board.

Effective from April 20, the applicant company should also have positive cash accruals (earnings before interest, depreciation and tax) from operations for each of the three financial years preceding the migration application.

In addition, the company should have positive PAT (profit after tax) in the immediate financial year of making the migration application to the exchange.

13) Answer: D

Former German chancellor Angela Merkel received the highest order of Merit in Germany.

She has been honoured with this award for her achievements in office, despite growing criticism of her decisions on Russia and her energy policy.

President Frank-Walter Steinmeier handed over her the Grand Cross award.

Former chancellors Konrad Adenauer and Helmut Kohl have received this award twice.

14) Answer: C

Synergy Group, which operates a fleet of more than 560 vessels, has won the GREEN4SEA Tanker Operator award for its ‘leadership role in global tanker management.’

Founded in 2006 by Captain Rajesh Unni, the group took home the award through a representative during a hybrid event held in Athens.

Instituted by the SAFETY4SEA shipping and maritime news portal, the awards recognise operational excellence and industry leadership in the tanker sector

15) Answer: D

The Bluesky app, a Twitter alternative by Jack Dorsey, has been recently launched for

Android beta.

The app was first launched in 2019 as a Twitter-backed side platform, but in 2021 it separated from Twitter.

The Bluesky app debuted in February on the iOS platform.

Bluesky has similar features to those of Twitter: followers and follow, create posts, different sections for posts and replies, and more.

At present, the platform has about 25,000 users.

16) Answer: D

Shreekant M Bhandiwad has taken charge as the new Chairman of Karnataka Vikas Grameena Bank (KVGB).

He Succeeds Puttaganti Gopi Krishna, who was serving as the chairman of KVGB from 2019 to 2023.

Prior to his joining as Chairman of KVGB, Bhandiwad was heading the Patna circle of Canara Bank, Bihar.

P Gopikrishna repatriated to Canara Bank as Circle Head, Bengaluru, Karnataka.

17) Answer: A

Senior IAS officer Rajesh Kumar Singh assumed the charge of secretary in the Department for Promotion of Industry and Internal Trade (DPIIT).

Singh has replaced Anurag Jain, who was appointed as secretary in the Ministry of Road Transport and Highways.

About Rajesh Kumar Singh :

Singh is an Indian Administrative Service officer of 1989 Batch from Kerala cadre.

He has also held the position of Commissioner of the Delhi Development Authority (DDA).

18) Answer: C

The Indian Space Research Organisation (ISRO) successfully launched the Polar Satellite Launch Vehicle C55 (PSLV-C55) mission carrying 2 Singaporean satellites TeLEOS-2 and Lumelite-4 from Satish Dhawan Space Center at Sriharikota in Andhra Pradesh (AP) into a low-earth orbit.    

At the end of a 22.5 hour countdown, the 44.4-metre tall rocket lifted off majestically from the first launch pad at the pre-fixed at the Satish Dhawan Space Centre, located about 135 km from Chennai.

PSLV-C55 is a dedicated commercial PSLV mission of NewSpace India Limited (NSIL), which is the commercial arm of ISRO, for an international satellite customer.

It is the 57th flight of PSLV, and the 16th mission of the PSLV Core Alone configuration (PSLV-CA) variant.

This is the lightest version of PSLV.

19) Answer: A

Researchers at the Indian Institute of Technology-Madras (IIT-M) developed a device called ‘ARTSENS’ to assess the health and age of blood vessels and thereby provide early screening for cardiovascular diseases.

Research Team :

The research was led by Dr. Jayaraj Joseph, Assistant Professor, Department of Electrical Engineering, IIT Madras.

About ‘ARTSENS’ :

It is a novel, non-invasive device.

It  can be used in routine medical examinations by even non-experts, to assess and predict vascular health.

It is powered by a proprietary non-imaging probe and an intelligent computing platform and is developed by the Healthcare Technology Innovation Centre (HTIC) at IIT Madras.

20) Answer: B

Renowned Pakistan-born Canadian columnist and famous television personality Tarek Fatah passed away at the age of 73 in Canada.

About Tarek Fatah :

Tarek Fatah was born on November 20, 1949, in Karachi, Pakistan.

He was an award-winning reporter, columnist, and radio and television commentator, both in Canada and abroad.

He advocated LGBT (Lesbian, gay,bisexual and transgender) rights.

He called himself "an Indian born in Pakistan" and "a Punjabi born into Islam"

He also authored several books including, 'Chasing a Mirage: The Tragic Illusion of an Islamic State' and 'The Jew is Not My Enemy: Unveiling the Myths that Fuel Muslim Anti-Smitism.'