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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2022 of 07th July 2022. 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 2022 & other competitive exams can make use of these Current Affairs Quiz.
1) Which of the following is true regarding this Bundelkhand Expressway?
(a) Prime Minister Shri Narendra Modi is all set to Bundelkhand Expressway.
(b) Bundelkhand Expressway is 296.07 km long
(c) Bundelkhand Expressway is in Uttar Pradesh
(d) This Expressway links Delhi and the National Capital Area with the Bundelkhand region near Agra.
(e) All the above
2) During PM Modi’s visit to Varanasi, UP Projects worth Rs. ______ Crore were inaugurated
(a) Rs. 800 Crore
(b) Rs. 1000 Crore
(c) Rs. 1300 Crore
(d) Rs. 1800 Crore
(e) Rs. 2000 Crore
3) Prime Minister Shri Narendra Modi launched the Digital India Week 2022 in which place?
(a) Leh, Ladakh
(b) Hyderabad, Telangana
(c) Chennai, Tamilnadu
(d) Gandhinagar, Gujarat
(e) Lucknow, Uttar Pradesh
4) Which Online payment processor introduced the Interoperability of card tokens across payment channels?
(a) Cashfree Payments
(b) Zeta
(c) Groww
(d) CoinDCX
(e) CRED
5) RBI imposes monetary penalty on Kotak Mahindra Bank, IndusInd Bank & 3 Cooperative Banks under which act?
(a) Reserve Bank of India Act, 1934
(b) Banking Regulation Act, 1949
(c) Payment and Settlement Systems Act, 2007
(d) Prevention of Money Laundering Act, 2002 (“PMLA”)
(e) SARFAESI Act, 2002
6) Edelweiss General Insurance launches motor insurance product named ________ under Insurance Regulatory and Development Authority’s (IRDAI) Sandbox initiative.
(a) SWITCH
(b) MOTOR
(c) VALID
(d) SWIFT
(e) RADON
7) The Reserve Bank of India’s (RBI’s) Deposit Insurance and Credit Guarantee Corporation (DICGC) to pay depositors of two co-operative banks. DICGC provides an insurance cover of up to Rs ___________ lakh on bank deposits.
(a) Rs 1 lakh
(b) Rs 2 lakh
(c) Rs 5 lakh
(d) Rs 8 lakh
(e) Rs 10 lakh
8) The Reserve Bank of India has launched the 58th round of the Order Books, Inventories, and Capacity Utilization Survey (OBICUS) of manufacturing companies for the April – _________ 2022 period
(a) May
(b) June
(c) July
(d) October
(e) December
9) As per the recent report HDFC Bank receives no objection letter from ___________ for merger with HDFC
(a) Reserve Bank of India
(b) SEBI
(c) IRDAI
(d) Both A and B
(e) Both B and C
10) Mr. Asit Rath as its Chief Executive Officer (CEO) and Managing Director (MD) of which among the Life Insurance?
(a) Aviva Life Insurance Company
(b) Bharti AXA Life Insurance Company
(c) Tata AIA Life Insurance Company
(d) ICICI Prudential Life Insurance
(e) Max Life Insurance Company
11) Nutrition company Insecticides India Limited (IIL) appoints which actor as their brand ambassador?
(a) Akshay Kumar
(b) Salman Khan
(c) Shah Rukh Khan
(d) Ajay Devgn
(e) Aamir Khan
12) As per the minister of Finance which company acquires a strategic stake in Neelachal Ispat Nigam Limited (NINL)?
(a) Tata Steel
(b) Steel Authority of India
(c) Jindal Steel and Power
(d) Vedanta Limited
(e) JSW Steel
13) Indian Navy commissions the first advanced light helicopter (ALH) Squadron INAS 324 in which place?
(a) Hyderabad, Telangana
(b) Kochi, Kerala
(c) Bhubaneswar, Odisha
(d) Panaji, Goa
(e) Vishakhapatnam, Andhra Pradesh
14) India’s first Autonomous Navigation Facility named TiHAN launched at which IIT?
(a) IIT Bombay
(b) IIT Madras
(c) IIT Roorkee
(d) IIT Ropar
(e) IIT Hyderabad
15) Directorate General Defence Estates (DGDE) develop AI-based software to protect ____________from illegal encroachments
(a) Defense Land
(b) Defense Weapons
(c) Defense Vehicles
(d) Defense Technology
(e) Defense Instruments
16) Forbes’ 8th annual list of America’s Richest Self-Made Women, Indian-origin engineer ________________ ranked among America’s top self-made women billionaires
(a) Malini Sivarananjan
(b) Loganayaki Thangam
(c) Revathi Maha
(d) Jayshree Ullal
(e) Rajashree Shetty
17) As per the States’ Startup Ranking 2021 report released by DPIIT which state becomes the best performance state?
(a) Gujarat
(b) Karnataka
(c) Odisha
(d) Both A and B
(e) Both B and C
18) As per the recent news, Maryna Viazovska wins the prestigious Fields Medal 2022. This is the highest honor in which subject?
(a) Physics
(b) Mathematics
(c) English
(d) Biology
(e) Anatomy
19) Michelle Poonawalla was given the Shiromani Award 2022 for her contribution in which field?
(a) Sports
(b) Arts
(c) Literature
(d) Journalism
(e) Science and Technology
20) Avanse Financial and which General Insurance collaborate to provide student travel insurance?
(a) General Insurance Corporation of India
(b) ICICI Lombard General Insurance Company
(c) HDFC ERGO General Insurance Company
(d) Edelweiss General Insurance
(e) Bajaj Allianz General Insurance
21) Which state Government and Singapour-based IGSS Ventures sign an MoU to build a semiconductor park?
(a) Karnataka
(b) Telangana
(c) Maharashtra
(d) Haryana
(e) Tamil Nadu
22) Who among the following has won the British Grand Prix Title 2022?
(a) Carlos Sainz
(b) Max Verstappen
(c) Sergio Pérez
(d) Lewis Hamilton
(e) Charles Leclerc
Answers :
1) Answer: E
Prime Minister Shri Narendra Modi is scheduled to officially open the Bundelkhand Expressway in the first week of July.
The administration has predicted that these events would take place on July 6 or 7.
The 296.07 km long Bundelkhand Expressway links Delhi and the National Capital Area with the Bundelkhand region near Agra.
The Prime Minister’s office has indicated July 6-7 as potential dates for the Bundelkhand Expressway inaugural event.
However, the final choice about the dates has not yet been made.
2) Answer: D
Shri Narendra Modi, the prime minister, will head to Varanasi to visit his Lok Sabha district.
There, he will dedicate and lay the cornerstone for several development initiatives totaling more than Rs. 1800 Crore.
These programs will concentrate on enhancing infrastructure and simplifying people’s lives.
At LT College in Varanasi, the Prime Minister will open the “Akshay Patra Mid-Day Meal Kitchen.”
3) Answer: D
Digital India Week 2022 was launched by Prime Minister Shri Narendra Modi at the Mahatma Mandir in Gandhinagar, Gujarat.
Catalyzing New India’s Techade is the focus of this year’s Digital India Week, which aims to convert the country into a knowledge-based society and economy.
The three-day orientation session “India Stack Knowledge Exchange- Showcasing India Stack and India’s Digital Products and Services” for Digital India Week 2022 will begin on July 7.
4) Answer: A
Online payment processor Cashfree Payments announced that the interoperability would be supported by their card tokenization solution, Token Vault.
The interoperability feature of Token Vault allows companies that use multiple payment gateways to process tokenized card transactions through any payment gateway and card network of their choosing.
Businesses may connect with Token Vault to securely tokenize cards issued by all major card networks, including Visa, Mastercard, and RuPay, when they utilize Cashfree’s Payment Gateway.
5) Answer: B
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1.05 crore on Kotak Mahindra Bank Ltd. and Rs 1 crore on IndusInd Bank Ltd. for violating the provisions of its regulations.
Kotak Mahindra Bank has failed to maintain a margin on advances to stock brokers, and credit the amount involved in the unauthorized electronic transactions to the customers’ accounts.
IndusInd Bank has failed to adhere to customer due diligence procedures in the accounts opened using One Time Password (OTP) based e-KYC.
As the banking regulator, It has imposed a penalty on Kotak Mahindra Bank Limited for contravention of the provisions of sub-section (2) of Section 26A of the Banking Regulation Act, 1949 (the Act)
6) Answer: A
Edelweiss General Insurance has launched SWITCH, a comprehensive motor insurance product under Insurance Regulatory and Development Authority’s (IRDAI) Sandbox initiative.
SWITCH is a completely digital, mobile telematics-based motor policy.
The app detects motion and automatically activates insurance when the vehicle is driven, making it convenient and hassle-free for customers.
Moreover, it rewards policyholders if they are driving well, as it measures both the quantity and quality of driving and calculates premiums accordingly.
7) Answer: C
The Reserve Bank of India’s (RBI’s) Deposit Insurance and Credit Guarantee Corporation (DICGC) will pay the eligible depositors of Shankarrao Pujari Nutan Sahakari Bank, Ichalkaranji, and Harihareshwar Sahakari Bank, Wai in Aug 2022.
Eligible depositors of Shankarrao Pujari Nutan Sahakari Bank will get the payment on August 10, 2022, and those of Harihareshwar Sahakari Bank on August 28, 2022.
Depositors of the 2 Maharashtra-based banks will get the amount credited to the alternate bank account specified by them, or on their consent, to their Aadhaar-linked bank accounts.
DICGC, a wholly-owned subsidiary of the RBI, provides an insurance cover of up to Rs 5 lakh on bank deposits.
8) Answer: B
The Reserve Bank of India has launched the 58th round of the Order Books, Inventories, and Capacity Utilization Survey (OBICUS) of manufacturing companies for the April – June 2022 period, results of which provide valuable inputs for monetary policy formulation.
Selected manufacturing companies will be approached by the RBI for the survey.
The RBI has also launched the 2021-22 round of its Survey on International Trade in Banking Services (ITBS).
The RBI has been conducting the OBICUS of the manufacturing sector every quarter since 2008.
9) Answer: A
The country’s largest private sector bank, HDFC Bank has received the Reserve Bank of India’s (RBI) approval for the merger of Housing Development Finance Corporation with the lender.
Also, the merger proposal between the two entities received approval from stock exchanges BSE and NSE.
The scheme remains subject to various statutory and regulatory approvals inter alia including approvals from the Competition Commission of India, the National Company Law Tribunal (NCLT), other applicable authorities, and the respective shareholders and creditors of the companies involved in the Scheme, as may be required.
10) Answer: A
Private life insurer Aviva Life Insurance Company India has appointed Mr. Asit Rath as its Chief Executive Officer (CEO) and Managing Director (MD) will come into effect on July 11, 2022.
He succeeded Mr. Amit Malik.
He comes with 22 years of banking and insurance experience in India and Myanmar and has strong distribution experience with ICICI Bank and ICICI Prudential Life in India.
Currently, he is the CEO of Prudential Myanmar Life Insurance.
11) Answer: D
One of the country’s largest crop protection and Nutrition companies, Insecticides (India) Ltd. (IIL), has roped in Bollywood’s versatile superstar Ajay Devgn as their brand ambassador.
With the support of Devgn, the company intends to spread the message of judicious use of agrochemicals besides communicating about their products and boosting farmer awareness in India to the grassroots level.
12) Answer: A
The Ministry of Finance stated that the strategic disinvestment transaction for Neelachal Ispat Nigam Limited (NINL) has been completed, with the transfer of 93.71 percent shares of the joint venture partners to Tata Steel Long products Limited (TSLP).
Neelachal Ispat Nigam Limited (NINL) is a Joint Venture of 4 central public sector enterprises (CPSEs), namely Mineral & Metal Trading Corporation (MMTC) with a shareholding of 49.78 percent; National Mineral Development Corporation (NMDC) with a shareholding of 10.10 percent; Bharat Heavy Electricals Limited (BHEL) with a shareholding of 0.68 percent; MECON with a shareholding of 0.68 percent; and 2 Odisha Government PSUs, namely Odisha Mining Corporation (OMC) with a shareholding of 20.47 percent and Industrial Promotion & Investment Corporation of Odisha (IPICOL) with a shareholding of 12 percent.
13) Answer: E
The Indian Naval Air Squadron 324, (INAS 324), was commissioned into the Indian Navy in Visakhapatnam to boost its maritime surveillance in the presence of Vice-Admiral Biswajit Dasgupta, Flag Officer Commanding-in-Chief, Eastern Naval Command.
It is the first naval squadron on the eastern seaboard operating the indigenously designed and built advanced light helicopter (ALH) Dhruv MK III helicopters.
The INAS 324 Squadron is being commanded by Commander SS Dash, who is a highly experienced ALH Qualified Flying Instructor and has extensive operational experience.
14) Answer: E
Union Minister of State (Independent Charge) Science & Technology Dr. Jitendra Singh inaugurated the first-of-its-kind, state-of-the-art “Autonomous Navigation” facility TiHAN (Technology Innovation Hub on Autonomous Navigation) to develop unmanned ground and aerial vehicles in the IIT Hyderabad campus.
It is funded by the Union Ministry of Science & Technology with a budget of Rs.130 crore.
Dr. B.V.R. Mohan Reddy (Chairman, Board of Governors, IIT Hyderabad), Prof. B.S. Murty (Director, IIT Hyderabad), and senior officers, faculty, and students joined the event.
15) Answer: A
The Center of Excellence on Satellite & Unmanned Remote Vehicle Initiative (CoE-SURVEI) in collaboration with knowledge partner Bhabha Atomic Research Center (BARC), Visakhapatnam has developed an Artificial Intelligence (AI)-based software to automatically detect changes on the ground, including unauthorized constructions and encroachments in a time series using Satellite Imagery.
The CoE-SURVEI was established by Directorate General Defence Estates (DGDE) at the National Institute of Defence Estates Management at Meerut Cantonment in Uttar Pradesh.
Currently, the tool uses National Remote Sensing Center (NRSC) Cartosat-3 imagery with trained software & the changes are detected by analyzing satellite imagery of different periods.
16) Answer: D
According to Forbes’ 8th annual list of America’s Richest Self-Made Women, President and Chief Executive Officer (CEO) of Arista Networks, Jayshree Ullal, a computer networking firm, is one of only five Indian-Americans on Forbes’ list of America’s richest self-made women.
With her net worth reaching $2.1 billion in 2022, she ranked 15th on the list.
Neerja Sethi, co-founder of Syntel is ranked 24th on the list with a net worth of $1 billion.
17) Answer: D
According to the 3rd edition of the States’ Startup Ranking 2021 by the department for the promotion of industry and internal trade (DPIIT), Gujarat and Karnataka have been ranked as the best performers in developing startup ecosystems for budding entrepreneurs.
The state’s startup ranking 2021 was released by Commerce and Industry Minister Shri Piyush Goyal during an event held at The Ashok, New Delhi, Delhi, India.
For the third year in a row, Gujarat has bagged the title of Best Performing state by Startup India.
In the report accompanying the rankings, the initiative was taken by the Student Startup and Innovation Policy Cell (SSIP) of Gujarat’s education department.
18) Answer: B
Maryna Viazovska, a math professor from Ukraine, was awarded the Fields Medal in 2022, the highest honor in mathematics.
As a result of Moscow’s conflict, the Fields Medal celebration was relocated from Saint Petersburg to Helsinki, where Viazovska and three other mathematicians were awarded the medal.
Since the prize was established in 1936 for mathematicians under 40, Maryna is just the second woman to earn it.
Only three years after receiving the award, Iran’s Maryam Mirzakhani, the other female laureate, passed away from breast cancer in 2017.
19) Answer: B
For her contributions to the arts, Michelle Poonawalla was given the Shiromani Award at the NRI World Summit 2022 in the UK.
The Shiromani Award was given to Rita Hinduja Chhabria, Lord Rami Ranger, and Shri Sadhu Bhramvihari in addition to Poonawalla.
Keynote speaker Michelle Poonawalla received the Shiromani Award for her contributions to the realm of art while speaking in the House of Lords.
On June 23, Poonawalla debuted “Reserve” her latest piece of art, at the JMS Foundation Charity Gala.
20) Answer: D
International students who are supported by Avanse may now get student travel insurance thanks to a partnership between the NBFC Avanse Financial Services and Edelweiss General Insurance (EGI).
Student travel insurance from Edelweiss General Insurance protects against crises and financial losses while covering medical expenses.
The Edelweiss General Insurance plan offers complete coverage against medical, accommodation, and travel inconvenience-related covers, ensuring students enjoy a worry-free time while studying and lodging.
21) Answer: E
The Memorandum of Understanding (MoU) between Tamil Nadu and the Singapore-based M/s. IGSS Ventures Pte Ltd to construct a 300-acre semiconductor high-tech park in the State with an investment and grants of 25,60croresre was signed in the presence of Chief Minister M.K. Stalin.
Industries Minister Thangam Thennarasu, Chief Secretary V. Irai Anbu, and other important officials attended the event held at the Secretariat.
According to an official press release, the project is anticipated to directly employ more than 5,000 people over the next five years.
22) Answer: A
At the British Grand Prix in 2022, Carlos Sainz of Ferrari became the first Spaniard to win a Formula One race.
He finished ahead of Lewis Hamilton of Mercedes and Sergio Perez of Red Bull.
In his 150th race, Carlos Sainz won his first Formula One race.
Max Verstappen, the leader of the world championship, battled with his vehicle after getting a puncture early on, finishing in P7, while Charles Leclerc, who had been leading the race until lap 43, was unable to hang on to his older set of hard tires and slid to finish P4.
