Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2023 of 29th June 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 became the first Public Sector Bank (PSB) in India to introduce the facility of UPI payments to merchants through RuPay Credit Card in association with NPCI?

(a) Punjab and National Bank

(b) Bank of Baroda

(c) Indian Bank

(d) Canara Bank

(e) State Bank of India

2) For which Indian state has the World Bank approved a loan worth USD 300 million to help expand and improve the quality of education in government-run schools in the state?

the special category states?

(a) Chhattisgarh

(b) Himachal Pradesh

(c) Tripura

(d) Sikkim

(e) Haryana

3) Recently in June 2023, the Union Cabinet approved the Ratification of the Headquarters Agreement (HQA) between India and ________________.

(a) Global Environment Facility

(b) Coalition for Disaster Resilient Infrastructure

(c) Green Climate Fund

(d) World Food Programme

(e) World Meteorological Organization

4) The Union Cabinet Chaired by _____________ has approved the introduction of the National Research Foundation (NRF) Bill, 2023 in Parliament. 

(a) Narendra Modi

(b) Hardeep Singh Puri

(c) Amit Shah

(d) Nirmala Sitharaman

(e) S Jaishankar

5) The Cabinet Committee on Economic Affairs has approved the Fair and Remunerative Price (FRP) of sugarcane for the sugar season 2023-24 (October - September) at ______ for a basic recovery rate of 10.25%.

(a) Rs.245/QTL

(b) Rs.315/QTL

(c) Rs.167/QTL

(d) Rs.456/QTL

(e) Rs.278/QTL

6) Consider the following statement/s regarding the Ministry of Finance report. Which of the following statement is/are incorrect?

(i) The Department of Expenditure has given a boost to reforms by the States in the power sector by providing financial incentives in the form of additional borrowing permissions.

(ii) This move aims to encourage and support the States in undertaking reforms to enhance the efficiency and performance of the power sector.

(iii) Under this initiative, an additional borrowing space of up to 1.5 per cent of the Gross State Domestic Product (GSDP) is available to the States annually for a four-year period from 2021-22 to 2024-25.

(a) Only (i)

(b) Both (i) and (ii)

(c) Only (iii)

(d) Both (ii) and (iii)

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

7) Where will the International Conference on Green Hydrogen be held?

(a) Assam

(b) New Delhi

(c) Haryana

(d) Odisha

(e) Madhya Pradesh

8) The Union Minister of Ports, Shipping & Waterways and Ayush Shri Sarbananda Sonowal launched _______________ the new guidelines of Corporate Social Responsibility (CSR)

(a) Sagarmala Samajik Sahayyog

(b) Sagar Samutra Sahayyog

(c) Sagar Samajik Sahayyog

(d) Sagar Sanjiv Sahayyog

(e) Sagar Samajik Sagarmala

9) How many products from Uttar Pradesh got a Geographical Indication tag?

(a) 5

(b) 7

(c) 6

(d) 8

(e) 4

10) Assam Chief Minister Himanta Biswa Sarma announced that Assam’s first underwater railroad tunnel will be built between Numaligarh and________.

(a) Tezpur

(b) Nagaon

(c) Gohpur

(d) Jorhat

(e) Dibrugarh

11) Which state government has launched the Legal Aid Defence Counsel System (LADCS) for a period of 2 years to provide free legal aid to the needy?

(a) Uttar Pradesh

(b) Meghalaya

(c) Assam

(d) Uttarakhand

(e) Goa

12) Recently in June 2023, which state government decided to set up a special task force to combat the problem of the drug menace?

(a) Gujarat

(b) Himachal Pradesh

(c) Tripura

(d) Sikkim

(e) Haryana

13) India’s current account deficit narrowed to 1.3 billion dollars or how much per cent of GDP in the January-March quarter of last fiscal?

(a) 1.2 per cent

(b) 0.2 per cent

(c) 0.5 per cent

(d) 2.2 per cent

(e) 3.8 per cent

14) Which of the following educational institute has been ranked 1^st in India and 149^th in the world in QS (Quacquarelli Symonds) World University Rankings?

(a) IISc Bangalore

(b) IIT Madras

(c) IIT Kanpur

(d) IIT Bombay

(e) IIM Indore

15) Aarti Holla-Maini has been appointed as the Director of the United Nations Office for Outer Space Affairs (UNOOSA) in ________by the United Nations Secretary-General Antonio Guterres.

(a) Ankara, Turkiye

(b) Paris, France

(c) Brussels, Belgium

(d) Vienna, Austria

(e) Birmingham, England

16) Which bank has elevated its wholesale banking head Harsh Dugarits executive director?

(a) HDFC Bank

(b) Kotak Mahindra Bank

(c) Axis Bank

(d) ICICI Bank

(e) Federal Bank

17) Who has been appointed as undersecretary-general and associate administrator of the UN Development Programme (UNDP)?

(a) Trygve Lie

(b) Haoliang Xu

(c) Kofi Annan

(d) Ban Ki-moon

(e) Nane Maria Annan

18) Piramal Enterprises sold its entire stake of _______ in Non-Banking Financial Company (NBFC) major Shriram Finance through a block deal.

(a) 13.56%

(b) 18.43%

(c) 11.77%

(d) 9.05%

(e) 8.34%

19) Which of the following team has won the world's first international Women's Kabaddi held in Dubai,UAE?

(a) Delhi Dynamites

(b) Uma Kolkata

(c) Gujarat Angels

(d) Haryana Hustlers

(e) Rajasthan Riders

20) Every year, National Statistics Day has been celebrated on 29 June in India. When was the first National Statistics Day celebrated in India?

(a) 2000

(b) 1999

(c) 2011

(d) 2009

(e) 2007

Answers :

1) Answer: D

Canara Bank has become the first Public Sector Bank (PSB) in India to introduce the facility of Unified Payments Interface (UPI) payments to merchants through RuPay Credit Card in association with the National Payments Corporation of India (NPCI).

This facility is made available in the popular ‘Canara ai1’ Banking Super App of the Bank.

Key Highlights :

Customers of the Canara Bank will now be able to make UPI payments to merchants from their RuPay Credit Cards also in addition to their bank accounts.

Customers can link their Canara Bank RuPay Credit Cards to their UPI IDs.

The transaction limits applicable for UPI transactions shall continue for UPI payments using RuPay Credit Card.

2) Answer: A

The World Bank has approved a loan worth USD 300 million to help expand and improve the quality of education in government-run schools in Chhattisgarh.

The loan has a maturity of 18.5 years with a grace period of 5 years.

Aim :

To benefit about 4 million students, mostly from poor and vulnerable communities in Chhattisgarh.

The Chhattisgarh Accelerated Learning for a Knowledge Economy Operation (CHALK) aims to improve access to education across all grades, and also address the growing demand for science and commerce studies at the senior secondary level.

3) Answer: B

The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi has given its approval for ratification of the Headquarters Agreement (HQA) between the Government of India (Gol) and the Coalition for Disaster Resilient Infrastructure (CDRI) signed on 22nd August, 2022.

The CDRI was launched by the Hon’ble Prime Minister of India during the United Nations Climate Action Summit on the 23’d September 2019, at New York.

It is a major global initiative launched by the Government of India and is seen as India's attempt to obtain a global leadership role in climate change and disaster resilience matters.

On 28 August, 2019, the Cabinet had approved the setting up of CDRI along with its supporting Secretariat in New Delhi and also gave the approval for the Government of India’s financial support of Rs. 480 crores to CDRI over a period of 5 years from 2019-20 to 2023-24.

4) Answer: A

The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, approved the introduction of the National Research Foundation (NRF) Bill, 2023 in Parliament. 

The approved Bill will pave the way to establish NRF that will seed, grow and promote Research and Development (R&D) and foster a culture of research and innovation throughout India’s universities, colleges, research institutions, and R&D laboratories.

The bill, after approval in the Parliament, will establish NRF, an apex body to provide high-level strategic direction of scientific research in the country as per recommendations of the National Education Policy (NEP), at a total estimated cost of Rs. 50,000 crores during five years (2023-28).

The Department of Science and Technology (DST) will be the administrative Department of NRF which will be governed by a Governing Board consisting of eminent researchers and professionals across disciplines.

5) Answer: B

The Cabinet Committee on Economic Affairs chaired by Prime Minister Shri Narendra Modi has approved Fair and Remunerative Price (FRP) of sugarcane for sugar season 2023-24 (October - September) at Rs.315/QTL for a basic recovery rate of 10.25%.

It has also been approved to provide a premium of Rs.3.07/qtl for each 0.1% increase in recovery over and above 10.25%, & a reduction in FRP by Rs.3.07/qtl for every 0.1% decrease in recovery.

Further, with a view to protecting interest of sugarcane farmers, the government has also decided that there shall not be any deduction in the case of sugar mills where recovery is below 9.5%.

Such farmers will get Rs.291.975/qtl for sugarcane in ensuring sugar season 2023-24 in place of Rs.282.125/qtl in current sugar season 2022-23.

The cost of production of sugarcane for the sugar season 2023-24 is Rs.157/qtl.

This FRP of Rs.315/qtl at a recovery rate of 10.25% is higher by 100.6% over production cost.

The FRP for sugar season 2023-24 is 3.28% higher than the current sugar season 2022-23.

The FRP approved shall be applicable for the purchase of sugarcane from the farmers in the sugar season 2023-24 (starting w.e.f. 1st October, 2023) by sugar mills.

6) Answer: C

The Department of Expenditure, Ministry of Finance, has given a boost to reforms by the States in the power sector by providing financial incentives in the form of additional borrowing permissions.

This move aims to encourage and support the States in undertaking reforms to enhance the efficiency and performance of the power sector.

The initiative was announced by the Union Finance Minister in Union Budget 2021-22.

Under this initiative, an additional borrowing space of up to 0.5 per cent of the Gross State Domestic Product (GSDP) is available to the States annually for a four-year period from 2021-22 to 2024-25.

This additional financial window is dependent on the implementation of specific reforms in the power sector by the States.

The initiative has spurred State Governments to initiate the reform process, and several States have come forward and submitted details of the reforms undertaken and achievements of various parameters to the Ministry of Power.

Based on the recommendations of the Ministry of Power, the Ministry of Finance has granted permission for reforms undertaken in 2021-22 and 2022-23 to 12 State Governments.

Over the last two financial years, they have been allowed to raise financial resources of Rs. 66,413 crores through additional borrowing permissions.

7) Answer: B

The Government of India is organizing an International Conference on Green Hydrogen (ICGH-2023) during 5th – 7th July 2023 at Vigyan Bhawan, New Delhi, to bring together the global scientific and industrial community to discuss recent advances and emerging technologies in the entire green hydrogen value chain.

The conference will enable the sector stakeholders to explore the evolving green hydrogen landscape and innovation-driven solutions in the sector.

The conference is being organized by the Ministry of New and Renewable Energy, in partnership with the Ministry of Petroleum and Natural Gas, Council of Scientific and Industrial Research and Office of Principal Scientific Advisor to the Government of India.

The fundamental aim of the Conference is to explore how we can establish a Green Hydrogen ecosystem and foster a systemic approach to meeting the global goals for decarbonization through Green Hydrogen.

Apart from domain-specific research interactions on hydrogen production, storage, distribution and downstream applications, the conference will also discuss green financing, human resource upskilling and startup initiatives in this area.

The conference will enable to share and learn from international best practices in the sector.

The National Green Hydrogen Mission was launched by the Government of India on 4th January 2023, as part of its decarbonization strategy.

8) Answer: C

The Union Minister of Ports, Shipping & Waterways and Ayush Shri Sarbananda Sonowal launched ‘Sagar Samajik Sahayyog’ - the new guidelines of Corporate Social Responsibility (CSR) by the Ministry of Ports, Shipping & Waterways.

The new guidelines empower ports to undertake CSR activities directly.

The event was also attended by Union Minister of State for Ports, Shipping & Waterways, Shri Shantanu Thakur & Union Minister of State of Ports, Shipping & Waterways, Shripad Yesso Naik

The new CSR guidelines unveiled will impact projects and programmes relating to activities specified in Section 70 of the Major Port Authorities Act, 2021.

For the purpose of planning and implementing CSR projects, a Corporate Social Responsibility Committee shall be constituted in each major port.

The Committee shall be headed by the Dy. Chairperson of the Major Port and shall have 2 other Members.

9) Answer: B

The Geographical Indications Registry in Chennai has given tags to 7 different products from Uttar Pradesh (UP).

List of 7 products :

Amroha Dholak

Mahoba Gaura Patthar Hastashlip

Mainpuri Tarkashi

Sambhal Horn Craft

Baghpat Home Furnishings

Barabanki Handloom Product

Kalpi Handmade Paper

10) Answer: C

Assam Chief Minister (CM) Shri Himanta Biswa Sarma announced that Assam’s first underwater railroad tunnel will be built between Numaligarh and Gohpur.

Aim :

To connect the towns of Numaligarh and Gohpur, revolutionising transportation infrastructure in the region.

The project will cost around Rs 6,000 crore.

The tender for the project will open on July 4, 2023.

It will be built under the Brahmaputra River and will be around 35 kilometres long.

Both rails and vehicles will pass through the underwater tunnel.

It will further connect the north and south banks of the Brahmaputra River and bring a transformational change in transportation infrastructure.

To ensure smooth progress, preparations for the Detailed Project Report (DPR) and land selection are underway.

11) Answer: A

The Uttar Pradesh (UP) government implemented the Legal Aid Defence Counsel System (LADCS) for a period of 2 years under the Uttar Pradesh State Legal Services Authority to provide free legal aid to the needy.        

This will help in solving minor disputes.

Through the LADCS system, legal assistance will be provided to the general public by the chief, deputy and assistant counsel.

About LADCS :

The primary objective of LADCS is to provide legal assistance, specifically in criminal cases, in districts or headquarters.

It includes representation, trial and appeals in all sessions, special, magistrate and executive courts.

12) Answer: B

The Himachal Pradesh (HP) government has decided to set up a special task force to combat the problem of the drug menace.

Chief Minister Shri Sukhvinder Singh Sukhu emphasized the need for strict action against drug peddlers and to increase awareness campaigns to rescue the youth from the clutches of drug abuse.

He also presented awards to winners of various events organized under the ‘Pradhav’ (Wipe out drugs) campaign.

He also stated that the HP government has taken up the issue of making the Narcotics Act more stringent and has taken up the issue of making Narcotics Act more stringent with the Central Government.

13) Answer: B

India’s current account deficit narrowed to 1.3 billion dollars or 0.2 per cent of GDP in the January-March quarter of last fiscal.

According to the data released by the Reserve Bank, the decline was mainly due to moderation in the trade deficit and a robust increase in services exports.

However, for fiscal 2022-23, the current account balance recorded a deficit of 2 per cent of GDP compared to a deficit of 1.2 per cent in 2021-22 as the trade deficit widened to 265.3 billion dollars from 189.5 billion dollars a year ago.

14) Answer: D

IIT Bombay has been ranked 1st in India and 149th in the world in QS (Quacquarelli Symonds) World University Rankings.

It has moved significantly up from 172nd rank last year to 149th rank this year.

For the first time ever, IITB has been ranked within top 150 and top 10% in QS rankings.

IITB has a score of 81.9 in employer reputation, 73.1 in citation per faculty, 55.5 in academic reputation, 47.4 in employment outcome, 54.9 in sustainability.

Among the various 9 parameters, employer reputation indicated the strongest one for IIT Bombay with a rank of 69 globally.

Director of IIT Bombay Prof. Subhasis Chaudhuri said, excellence in teaching is the key driving point for IIT Bombay.

Efforts lie in providing an ambience and infrastructure that is conducive to achieving excellence by students and faculties.

This marks the first time in eight years that an Indian higher education institution has made it to the top 150 list, with the Indian

Institute of Science (IISc) Bangalore previously achieved this feat in 2016 with a ranking of 147.

IIT Bombay has made a remarkable leap, climbing 23 positions to secure the 149th rank globally in this year’s edition of the rankings.

15) Answer: D

Indian-origin satellite industry expert Aarti Holla-Maini was appointed as the Director of the United Nations Office for Outer Space Affairs (UNOOSA) in Vienna by the United Nations Secretary-General Antonio Guterres.

Aarti Holla-Maini will succeed Simonetta Di Pippo of Italy, who served as the director of UNOOSA from 2014 to 2022.

Until Aarti Holla-Maini assumes the position of Director of UNOOSA, Niklas Hedman of Sweden has been serving as the Acting Director of UNOOSA since March 2022 will continue in the post.

16) Answer: E

Federal Bank’s wholesale banking head Harsh Dugar has been elevated as its executive director.

RBI has approved his appointment for 3 years with effect from June 23, 2023.

He will continue to oversee the wholesale banking division of Federal Bank.

17) Answer: B

UN Secretary-General Antonio Guterres appointed Haoliang Xu of China as undersecretary-general and associate administrator of the UN Development Programme (UNDP).

Xu will succeed Usha Rao-Monari of India, Associate Administrator since April 2021.

About Haoliang Xu :

Haoliang worked in the fields of civil engineering in China and the United States.

Since joining UNDP in 1994, he has fulfilled various roles within the organization, working in field and headquarters assignments in Asia-Pacific, Europe and Central Asia, including assignments in Iran, Timor-Leste, Pakistan and Kazakhstan.

18) Answer: E

Piramal Enterprises sold its entire stake of 8.34% in Non-Banking Financial Company (NBFC) major Shriram Finance through a block deal.

Investment banking firm Morgan Stanley will be the sole broker for the block deal.

The company will offload around 3.1 crore of its shares in Shriram Finance at a floor price of Rs 1,483 per share, which is a 5% discount from the current levels.

TPG India sold around 99.18 equity shares or a 2.64% stake in the company through block deals to a clutch of mutual funds and other institutional investors.

The transaction was completed at a weighted average price of Rs 1,401 per unit and the Private Equity (PE) firm earned Rs 1,389 crore.

19) Answer: B

In a significant milestone for women's Kabaddi, Dubai hosted the world's first international Women's Kabaddi final, featuring the Punjab Panthers vs Uma Kolkata.

The intense match concluded with the Uma Kolkata team emerging as champions, securing a grand prize of ₹10,000,000.

The Punjab team demonstrated commendable skills and earned the second position, receiving a prize of ₹5,000,000.

The tournament spanned 12 days and witnessed the participation of eight teams from India, representing different states.

Esteemed figures, including Juma Al Madani, Chairman and CEO of Al Matiya Group, Pushyamitra Bhargav, Mayor of Indore, Pradeep Kumar Nehra, Director Women's Kabaddi League and prominent Indian diaspora such as Dr Sunil Manjrekar and Chandrashekhar Bhatia, graced the final ceremony.

The eight teams represented various Indian states, including the Delhi Dynamites, Gujarat Angels, Great Marathas, Haryana Hustlers, Punjab Panthers, Rajasthan Riders, Uma Kolkata, and Bengaluru Hawks.

20) Answer: E

Every year, National Statistics Day is celebrated on June 29 in India.

The theme of Statistics Day, 2023 is “Alignment of State Indicator Framework with National Indicator Framework for Monitoring Sustainable Development Goals”.

It was first celebrated on June 29, 2007, to acknowledge the outstanding contributions of Prof Mahalanobis in the fields of economic planning and statistical development.

His birth anniversary was chosen as National Statistics Day.

A notification for this was first published in the Gazette of India on June 05, 2007.