Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2023 of 30th 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) The Reserve Bank of India (RBI) has cancelled the banking license of the Mahalaxmi Cooperative Bank. Where is the headquarters of the Mahalaxmi Cooperative Bank located?

(a) Assam

(b) Bihar

(c) Karnataka

(d) Tamil Nadu

(e) Maharashtra

2) The Reserve Bank of India (RBI) imposed monetary penalties on how many co-operative banks for contravention of/non-adherence with certain norms issued by the central bank for the co-operative banks?

(a) 8

(b) 6

(c) 7

(d) 4

(e) 5

3) The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹30.00 lakhs on Standard Chartered Bank-India for non-compliance under the provisions of _________ read with section 46 (4) (i) of the Banking Regulation Act, 1949.

(a) section 34 A (1) (c)

(b) section 22 A (1) (c)

(c) section 47 A (1) (c)

(d) section 17 A (1) (c)

(e) section 25 A (1) (c)

4) The RBI has imposed a monetary penalty on all 4 credit information companies for non-compliance with certain provisions of the Credit Information Companies/CICs (Regulation) Act, ________.

(a) 1999

(b) 2010

(c) 2005

(d) 2007

(e) 2002

5) Which edition of the Indian Cooperative Congress (ICC) has been inaugurated by Prime Minister Narendra Modi at Pragati Maidan in New Delhi?

(a) 21^st

(b) 12^th

(c) 17^th

(d) 23^rd

(e) 15^th

6) PM Narendra Modi released India’s 6G Vision “Bharat 6G Vision” document to be a front-line contributor in the design, development and deployment of 6G technology by 2030.Bharat 6G Vision is based on principles of ___________.

(a) Affordability

(b) Ubiquity

(c) Sustainability

(d) All of the above

(e) Only A and C

7) As per the International Energy Agency (IEA) report, India’s refining capacity will increase from 5.2 million barrels per day (mb/d) in 2022 to 6.2 mb/d in______.

(a) 2030

(b) 2027

(c) 2028

(d) 2031

(e) 2026

8) Which state’spolice department has launched 'Operation Conviction' to combat criminals and mafias in the state?

(a) Meghalaya

(b) Assam

(c) Uttar Pradesh

(d) Gujarat

(e) Maharashtra

9) In which of the following state 'Kharchi Puja' festival been celebrated recently (June 2023)?

(a) Tripura

(b) Goa

(c) Sikkim

(d) Punjab

(e) Mizoram

10) 1000-year-old square pillars with sculptures of Jain Tirthankaras (a saviour and spiritual teacher of the dharma) and inscriptions were found in ____________.

(a) Mumbai, Maharashtra

(b) Vadodara, Gujarat

(c) Thanjavur, Tamil Nadu

(d) Pune, Maharashtra

(e) Hyderabad, Telangana

11) The Union Government will extend extended cover under the ECIB scheme with enhanced cover of 90% to accounts with limits up to____________.

(a) Rs. 35 crores

(b) Rs. 50 crores

(c) Rs. 42 crores

(d) Rs. 75 crores

(e) Rs. 100 crores

12) According to the RBI report in June 2023, what is the Gross Non-Performing Assets (GNPA) ratio of Scheduled Commercial Banks in March 2023?

(a) 4.6 percent

(b) 3.9 percent

(c) 1.8 percent

(d) 2.9 percent

(e) 3.7 percent

13) Which state government has signed an MoU with American chipmaker firm Micron Technology for semiconductor assembly and test facility in the state?

(a) Gujarat

(b) Haryana

(c) Meghalaya

(d) Karnataka

(e) Maharashtra

14) According to the global livability index 2023, which city has been named as the world's "most livable city" for 2023?

(a) Bengaluru

(b) Melbourne

(c) Copenhagen

(d) Vienna

(e) Stockholm

15) Who has been appointed as the Chief Operating Officer (COO) of the LIC Housing Finance Limited (LIC HFL)?

(a) Rohit Singh

(b) Tribhuwan Adhikari

(c) Ahmed Rushdie

(d) Chithra Ramakrishnan

(e) Indranil Chakravorty

16) Which of the following bank has appointed AP Hota as its part-time Chairman?

(a) RBL Bank

(b) YES Bank

(c) IDBI Bank

(d) ICICI Bank

(e) Federal Bank

17) Who has been appointed as a Special Director in the Central Bureau of Investigation (CBI)?

(a) Ajay Bhatnagar

(b) Manoj Sashidhar

(c) Sharad Agarwal

(d) Anurag Singh

(e) Sanjay Gupta

18) Name the Indian Naval Ship, which is the 3rd of the eight Anti-Submarine Warfare Shallow Water Craft (SWC) Project, was launched in Chennai, Tamil Nadu.

(a) INS Anjadip

(b) INS Udam

(c) INS Udaygiri

(d) INS Nishank

(e) INS Akshay

19) Which IIT has successfully developed India's first 100% Dimethyl Ether (DME)-fuelled tractor/vehicle with a mechanical fuel injection system for both on- and off-road applications?

(a) IIT Kanpur

(b) IIT Mandi

(c) IIT Bombay

(d) IIT Madras

(e) IIT Gandhinagar

20) Every year, World Asteroid Day has been observed on which of the following day?

(a) 29 June

(b) 27 June

(c) 30 June

(d) 28 June

(e) 26 June

Answers :

1) Answer: C

The Reserve Bank of India (RBI) has cancelled the banking license of the Karnataka-based Mahalaxmi Cooperative Bank, Dharwad, and allowed it to function only as a Non-Banking Financial Company (NBFC).

The RBI cancelled the banking licence dated March 23, 1994 granted to the Mahalaxmi Cooperative Bank Dharwad.

This will not stop the bank from conducting the business of ‘banking’ and acceptance of deposits from non-members with immediate effect.

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

Earlier, In April 2023, the RBI cancelled the banking licence of Adoor Co-operative Urban Bank and allowed it to operate only as NBFC.

2) Answer: C

The Reserve Bank of India (RBI) imposed monetary penalties on 7 co-operative banks for contravention of/non-adherence with certain norms issued by the central bank for the co-operative banks.

These cooperative banks were

Textile Traders Co-operative Bank Ltd -  ₹4.50 lakhs

Ujjain Nagarik Sahakari Bank Maryadit - ₹1 lakh

Panihati Co-operative Bank - ₹2.50 lakh

The Berhampur Co-operative Urban Bank - ₹1 lakh

Solapur Siddheshwar Sahakari Bank - ₹1.50 lakh

Uttar Pradesh Co-operative Bank Limited -  ₹28 lakhs

 Uttarpara Co-operative Bank - ₹2.50 lakh

These co-operative banks had violated rules like violation of the Banking Regulation Act, 1950 and non-compliance with specific directions, relating to interest rates on deposits, failure to put into use any robust software as a part of effective identification and reporting of suspicious transactions; and levied penal charges for non-maintenance of minimum balances in inoperative accounts, during the financial year 2019-20, etc.

3) Answer: C

The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹30.00 lakh on Standard Chartered Bank-India for non-compliance with certain provisions of the ‘Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016’.

This penalty has been imposed in the exercise of powers vested in RBI conferred under the provisions of section 47 A (1) (c) read with section 46 (4) (i) of the Banking Regulation Act, 1949.

4) Answer: C

The Reserve Bank of India (RBI) has imposed a monetary penalty on all 4 credit information companies currently operating in the country for non-compliance with certain provisions of the Credit Information Companies/CICs (Regulation) Act, 2005, read with the CIC Rules, 2006.

List of 4 credit bureaus :

CRIF High Mark Credit Information Services Private Limited - ₹25.75 lakh

Equifax Credit Information Services Private Limited - ₹24.25 lakh

TransUnion CIBIL Limited - ₹26 lakh

Experian Credit Information Company of India Private Limited - ₹24.75 lakh.

“These actions are based on the deficiencies in regulatory compliance and are not intended to pronounce upon the validity of any transaction or agreement entered into by the companies,”

5) Answer: C

Prime Minister Shri Narendra Modi will inaugurate the 17th Indian Cooperative Congress (ICC) on the 1st of July 2023 at Pragati Maidan in New Delhi.

National Cooperative Union of India (NCUI) is organizing the two days Indian Cooperative Congress with the theme of Amrit Kaal: Prosperity through Cooperation for a Vibrant India.

It will be chaired by the Union Home and Cooperation Minister Amit Shah.

6) Answer: D

International Telecommunication Union (ITU) has approved the 6G Vision Framework.

India, through the Department of Telecommunications, the Ministry of Communications played a key role in framing the Framework.

Prime Minister Shri Narendra Modi released India’s 6G Vision “Bharat  6G Vision” document on March 23, 2023 which envisages India to be a front-line contributor in design, development and deployment of 6G technology by 2030.

Bharat 6G Vision is based on principles of Affordability, Sustainability and Ubiquity.

7) Answer: C

India’s refining capacity will increase from 5.2 million barrels per day (mb/d) in 2022 to 6.2 mb/d in 2028.

This is according to the latest refining capacity numbers by the International Energy Agency (IEA).

It is expected that India will add one mb/d of refining capacity in the next five years.

India is currently the world’s fourth-largest crude oil refiner.

8) Answer: C

The Uttar Pradesh (UP) Police Department launched 'Operation Conviction' to combat criminals and mafias in UP.

The initiative will expedite the prosecution of cases registered under the Protection of Children from Sexual Offences (POCSO) Act, as well as those involving cow slaughter, religious conversion, rape, and murder.

9) Answer: A

In a vibrant display of cultural heritage and religious fervour, the Historical 'Kharchi Puja' commenced in Tripura.

It is one of the main festivals of Tripura.

The auspicious event marked the revival of ancient customs and traditions, drawing enthusiastic devotees from far and wide.

It lasts for 7 days, and it takes place at old Agartala in the Fourteen Gods temple known as the ‘Chaturdasha Devata’ temple premises.

About Historical 'Kharchi Puja' :

Kharchi Puja, also called the Festival of 14 Gods, is observed on the 8th day of the new moon in July or August every year.

This year, the auspicious festival will begin on June 26 and will continue till July 2, 2023.

The meaning of Kharchi can be understood by splitting the word into two Tripuri words “Khar” or Kharta meaning sin and “Chi” or si meaning cleaning.

10) Answer: E

Two 1000-year-old square pillars with sculptures of Jain Tirthankaras (a saviour and spiritual teacher of the dharma) and inscriptions, were found on the outskirts of Hyderabad in Rangareddy district’s Moinabad village.

The information about the pillars was first shared by P Srinath Reddy, a young archaeologist and heritage activist, following which a senior archaeologist E Sivanagireddy inspected the spot.

Key Highlights :

Two pillars, one of granite and another of black basalt, have sculptures of four Jaina Tirthankaras - Adinatha, Neminatha, Parsvanatha and Vardhamana Mahavira in meditation pose.

11) Answer: B

The union government will extend extended cover under the ECIB scheme with enhanced cover of 90% to accounts with limits up to Rs. 50 crores.

Last year, cover under ECIB scheme was extended by ECGC Ltd. for the accounts with export credit working capital limits up to Rs. 20 crore sanctioned by the banks (excluding Traders and GJD Exporters) with enhanced cover of 90%.

Four banks have so far opted for enhanced cover under Export Credit Insurance for banks (ECIB).

The names of four banks are SBI, Central Bank of India (CBI), Bank of Maharashtra and Saraswat Bank.

The benefit of the enhanced cover will be extended to the accounts with limits up to Rs. 50 crore for above four banks.

12) Answer: B

The Reserve Bank of India has informed that the Gross Non-Performing Assets (GNPA) ratio of Scheduled Commercial Banks has fallen to 10 year low of 3.9 percent in March 2023 and net non-performing assets (NNPA) ratio declined to 1 percent.

RBI released its Financial Stability report.

As per the report Scheduled commercial banks bolstered their capital base with Capital to risk-weighted assets ratio at a historical high of 17.1 per cent and common equity tier1 capital ratio at 13.9 percent in March 2023.

13) Answer: A

The Gujarat government has signed a Memorandum of Understanding with computer storage chip maker Micron for setting up a USD 2.75 billion semiconductor assembly and test facility at Sanand in Ahmedabad district.

The MoU was signed in the presence of Electronics & Information Technology Minister Ashwini Vaishnaw and Chief Minister Bhupendra Patel

For the last many decades India is dependent upon import of semiconductor chips and the demand for them will increase as the manufacturing sector in the country grows

The plant at Sanand will entail a total investment of USD 2.75 billion (around Rs 22,540 crore).

Micron's plant has been approved under the Union government's 'Modified Assembly, Testing, Marking and Packaging (ATMP) Scheme'.

14) Answer: D

According to the global livability index 2023, Austria's capital Vienna has been named the world's "most livable city" for 2023.

The Global livability index 2023 has been released by the Economist Intelligence Unit (EIU).

It has ranked 173 cities around the world on different factors including health care, education, stability, infrastructure and the environment.

In this ranking, Denmark's Copenhagen is in second place while Australia's Melbourne and Sydney are in third and fourth positions.

India’s five cities- Bengaluru, Ahmedabad, Chennai, New Delhi and Mumbai - are also on the list of most livable cities.

New Delhi and Mumbai secured141st position. Chennai, Ahmedabad and B Bengaluru are ranked 144th, 147th and 148th, respectively.

The average index score across 172 cities (eliminating Kyiv in Ukraine) has now reached 76.2 out of 100.

It is the highest in the last 15 years.

UK capital London and Sweden's capital Stockholm have reached 46th and 43rd positions.

As per the report, the health care scores have improved the most.

Canada has the highest number of livable cities in the top 10.

These cities are Calgary (7th), Vancouver (5th) and Toronto (9th).

Damascus is the least livable city in the world.

Kyiv is also in the bottom 10

15) Answer: B

LIC Housing Finance Limited (LIC HFL) has appointed Tribhuwan Adhikari as Chief Operating Officer (COO) of the company.

About Tribhuwan Adhikari :

Tribhuwan Adhikari, joined LIC of India in September 1989.

During his career in LIC, spanning more than 3 decades he has worked all over the country and has been posted in West Bengal, Bihar, Uttar Pradesh, Uttarakhand, &.Maharashtra.

He had the privilege of holding independent charge of two Divisions of LICI i.e., Dehradun in Uttarakhand and Kanpur in Uttar Pradesh (UP).

Prior to this assignment, he was posted as Additional Director at Zonal Training Center, Eastern Zone, Kolkata.

16) Answer: E

The Reserve Bank of India (RBI) has given its approval to the Federal Bank for the appointment of AP Hota as part-time chairman, with effect from June 29, 2023, till January 14, 2026.

About A P Hota :

AP Hota has banking experience of over 27 years in the Reserve Bank, mostly in technology and payment systems, from 1982- 2009.

While at Reserve Bank of India, he served as nominee director to the Board of Vijaya Bank and subsequently Andhra Bank.

He was the architect of NPCI and served as its Managing Director and Chief Executive Officer between 2009- 2017.

17) Answer: A

Senior Indian Police Service (IPS) officer Ajay Bhatnagar has been appointed as Special Director in the Central Bureau of Investigation (CBI).

He has been appointed to the post till the date of his superannuation on November 20, 2024.

About Ajay Bhatnagar :

Ajay Bhatnagar, a senior IPS officer of the 1989 batch from the Jharkhand cadre.

Currently, he is Additional Director in CBI.

Other Appointments :

Anurag, Joint Director in the CBI, will now be Additional Director in the agency.

Manoj Sashidhar, a 1994 batch IPS officer of Gujarat cadre, has also been appointed to the post of Additional Director in the CBI for a period of three years.

He is currently serving as Joint Director in CBI.

Sharad Agarwal, serving as Joint Director in the CBI, has received an extension in his deputation tenure.

18) Answer: A

Indian Naval Ship (INS) Anjadip, the 3rd of the eight Anti-Submarine Warfare Shallow Water Craft (SWC) Project, was launched at the Larsen and Toubro (L&T) Kattupalli Port, Chennai, Tamil Nadu (TN).

It was built by Kolkata-based Garden Reach Shipbuilders and Engineers (GRSE) for the Indian Navy.

It is an anti-submarine warfare shallow watercraft vessel built for the Indian Navy.

The Launch Ceremony was presided over by Vice Admiral R B Pandit, C-in-C (SFC).

In keeping with the naval maritime tradition, Smt Priya Pandit launched the ship to the chanting of invocation from Atharva Veda.

19) Answer: A

In a significant advancement towards a sustainable and renewable fuel-based transport system, researchers at the Indian Institute of Technology (IIT) Kanpur have successfully developed India's first 100% Dimethyl Ether (DME)-fuelled tractor/vehicle with a mechanical fuel injection system for both on- and off-road applications.

The DME-fuelled engine emitted extremely low particulate and soot emissions and almost no smoke without using expensive exhaust gas after-treatment devices and advanced engine technologies.

The research is supported by the Science and Engineering Research Board (SERB), an attached institution of the Department of Science and Technology (DST).

The project aligned with the Methanol Economy' program of NITI Ayog and could reduce India’s oil import bill and greenhouse gas (GHG) emissions by converting vast domestic coal reserves, low-value agricultural biomass waste, and municipal solid waste into methanol and DME for variety of applications including powering the tractors/ vehicles.

20) Answer: C

On June 30th of this current year, World Asteroid Day 2023 is observed as an awareness program among the public all over the world.

In December 2016, the United Nations General Assembly passed resolution A/RES/71/90 proclaiming June 30 as International Asteroid Day to commemorate the Tunguska impact over Siberia, Russian Federation, on June 30, 1908, and to raise awareness about the risks of asteroids on a global scale.

Dr. Brian May, astrophysicist and lead guitarist of QUEEN co-founded International Asteroid Day with Danica Remy, President of the B612 Foundation, Rusty Schweickart, Apollo 9 Astronaut, and filmmaker Grig Richters to raise public awareness about the importance of asteroids in the formation of our universe and their current role in our solar system.