Home » Daily Current Affairs Quiz – 03rd August 2022

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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2022 of 03rd August 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.

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1) Where was the Chabahar Day conference inaugurated by the Union Shipping Minister Sarbanand Sonowal?

(a) Mathura, Uttar Pradesh

(b) Mumbai, Maharashtra

(d) Pune, Maharashtra

(e) Jamnagar, Gujarat

2) The Government of India has released a special commemorative postage stamp in memory of ____________, the designer of the national flag.

(a) Potti Sreeramulu

(b) Bhikaiji Cama

(d) Pingali Venkayya

(e) Bhogaraju Pattabhi Sitaramayya

3) Which organization has adopted a historic resolution declaring access to a clean, healthy, and sustainable environment, a universal human right?

(a) United Nations Development Programme

(b) United Nations International Children’s Emergency Fund

(d) United Nations Environment Programme

(e) United Nations Educational, Scientific and Cultural Organization

4) Which state government inked a tripartite MoU with NITI Aayog and an organization for a large-scale transformation in school education?

(a) Arunachal Pradesh

(b) Uttarakhand

(d) Uttar Pradesh

(e) Madhya Pradesh

5) Which of the following organization has postponed the implementation of new rules on the nomination for mutual fund investors till 01 October 2022?

(a) NPCI

(b) SEBI

(d) IRDAI

(e) DICGC

6) SEBI has imposed a penalty of ________ on BSE for indirectly engaging in works that were unrelated to its activities as a stock exchange without the regulator’s approval.

(a) Rs 10 lakh

(b) Rs 3 lakh

(d) Rs 7 lakh

(e) Rs 6 lakh

7) Which of the following bank has set up a “RACE” goal for 2022?

(a) Union Bank of India

(b) State Bank of India

(d) HDFC Bank

(e) ICICI Bank

8) Which of the following organization has laid rules for automated deactivation of trading, and demat accounts in case of inadequate Know Your Client (KYC) details?

(a) RBI

(b) SEBI

(d) BSE

(e) IRDAI

9) What is the gross GST revenue collected in July 2022?

(a) ₹1,55,858 crore

(b) ₹1,79,234 crore

(d) ₹1,48,995 crore

(e) ₹1,52,835 crore

10) Which of the following bank has achieved the first position among the best performing banks in the Agriculture Infrastructure Fund (AIF) awards?

(a) UCO Bank

(b) HDFC Bank

(d) State Bank of India

(e) DBS Bank

11) Which company has signed the program agreement with Ola Electric Mobility and Rajesh Exports for Advanced Chemistry Cell (ACC) Battery Storage?

(a) L&T

(b) Adani Enterprises

(d) Tata Enterprises

(e) Reliance Industries

12) Who among the following is Asia’s Richest Woman, according to the Bloomberg Billionaires Index 2022?

(a) Leena Tewari

(b) Yang Huiyan

(d) Savitri Jindal

(e) Kiran Mazumdar-Shaw

13) Who has been recently appointed as the World Bank Country Director for India?

(a) Alvin Tse

(b) Ziauddin Chowdhury

(d) Kofi Annan

(e) Ruchira Kamboj

14) Who among the following took charge as the Delhi Police Commissioner?

(a) Sanjay Arora

(b) M Narayanan

(d) Sanjay Gupta

(e) Ajay Kumar Mishra

15) The third edition of Vietnam-India bilateral army exercise “Ex VINBAX 2022” was held in _________.

(a) New Delhi

(b) Haryana

(d) Gujarat

(e) Odisha

16) With which country did India conduct a Joint Military Exercise named ‘AL NAJAH-IV’ in Rajasthan?

(a) Myanmar

(b) Thailand

(d) Qatar

(e) the Maldives

17) England defeated which country to win the Women’s Euro 2022?

(a) Argentina

(b) Croatia

(d) Italy

(e) France

18) Who among the following won the F1 Hungarian Grand Prix 2022?

(a) Pierre Gasly

(b) Carlos Sainz

(d) Lewis Hamilton

(e) Sergio Pérez

19) Bindyarani Devi won one gold and one silver medal in the Commonwealth Games 2022. She is related to which sports?

(a) Wrestling

(b) Boxing

(d) Discuss throw

(e) Shot put

20) Recently, T Mohandas M Pai passed away at the age of 89. He is the founder of the popular Kannada daily newspaper ____________.

(a) Prajavani

(b) Vijayavani

(d) Janathavani

(e) Hosa Digantha

Answers :

1) Answer: B

Union Shipping Minister Sarbanand Sonowal and Minister of State for Shipping Shripad Naik inaugurated the Chabahar Day conference in Mumbai
Representatives from Iran, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, Uzbekistan, and Afghanistan took part in the conference.
Chabahar port will be part of the International North-South Transport Corridor network connecting India.
Chabahar port will open new avenues for India and Eurasian countries and it is an important pillar of India’s Indo-Pacific vision to connect Eurasia with the Indian Ocean Region.
In May 2016, India and Iran signed a bilateral agreement in which India would refurbish one of the berths at Shahid Beheshti port, and reconstruct a 600-meter-long container handling facility at the port.

2) Answer: D

The Central government will release a special commemorative postage stamp in memory of Pingali Venkayya, the designer of the national flag.
Prime Minister Shri Narendra Modi will release the stamp at a program to be held in New Delhi to mark the birth anniversary of the freedom fighter.
Born near Machilipatnam on August 2, 1876, Pingali had designed many models of the national flag.
In 1921, Mahatma Gandhi approved a design during the Indian National Congress meeting in Vijayawada.
The Central government is organizing a ‘Har Ghar Tiranga’ campaign to mark 75 years of independence.
Tiranga yatra will be held in Delhi on August 3.

3) Answer: C

The United Nations General Assembly (UNGA) adopted a historic resolution declaring access to a clean, healthy, and sustainable environment, a universal human right.
The final vote tally was 161 in favor of the resolution, with 8 countries abstaining from the vote: China, the Russian Federation, Belarus, Cambodia, Iran, Syria, Kyrgyzstan, and
The resolution, based on a similar text adopted last year by the Human Rights Council, calls upon States, international organizations, and business enterprises to scale up efforts to ensure a healthy environment for all.

4) Answer: A

The Arunachal Pradesh government inked a tripartite Memorandum of Understanding (MoU) with NITI (National Institution for Transforming India) Aayog and an organization for a large-scale transformation in school education.
The agreement was signed on the second anniversary of the New Education Policy (NEP) 2020.
The MoU is a three-year partnership (2022 – 25).

The MoU was signed in presence of Niti Aayog Education Advisor Dr. Prem Singh, state Education Commissioner Padmini Singla, ISSE state Project Director Pige Ligu, and Chief Executive Officer (CEO) of ‘Reach to Teach Foundation, Ratna Viswanathan

5) Answer: B

Capital market regulator Securities Exchange Board of India (SEBI) has postponed the implementation of new rules on the nomination for mutual fund investors till October 1, 2022.
The new rules of providing an option for mutual fund investors to submit details of nomination or opt-out of it were to come into force on August 1, 2022.
Based on the representation received from AMFI, it has been decided that investors subscribing to mutual fund units after October 1, 2022, will have a choice to submit the nomination form or the declaration form for opting out of the nomination physical or online as per the choice of the unitholders.
In the case of the physical option, the forms will carry the wet signature of all the unitholders.
In the case of the online option, instead of wet signatures of all the unitholders, AMCs shall validate the forms using the e-Sign facility or through two-factor authentication.

6) Answer: B

The Securities and Exchange Board of India (SEBI) imposed a penalty of Rs 3 lakh on BSE Ltd for indirectly engaging in works that were unrelated to its activities as a stock exchange without the regulator’s approval.
The order came after SEBI examined investments made by BSE Ltd to ascertain whether the firm had engaged in activities that were not related to its activity as a stock exchange without the approval of Sebi as of March 2021.
SEBI found that BIL, a separate legal entity and a wholly-owned subsidiary of BSE Ltd, had acquired an 8 percent stake in Indus Water Institute Ltd.
For the violation of not seeking prior approval, the regulator has imposed a fine of Rs 3 lakh on the exchange.
In October 2020, Sebi imposed Rs 6 crore penalty on NSE for picking up stakes in six entities, including CAMS and Power Exchange India Ltd, without obtaining the SEBI’s approval.

7) Answer: A

The Union Bank of India (UBI) has set “RACE” as the goal for the year.
RACE stands for
Grow RAM (retail, agriculture, and MSME) loans,
Improve Asset quality,
Increase CASA (current account, savings account deposits)
Increase Earnings
To make UBI bank among the top three largest Public Sector Banks (PSB) in the next couple of years.

8) Answer: B

Capital markets regulator Securities and Exchange Board of India (SEBI) released a framework for automated deactivation of trading and demat accounts of investors in case of inadequate Know Your Client (KYC) details.
The framework will come into effect on August 31, 2022.

Aim :

To ensure the client furnishes accurate or updated details of address and ensure that KYC details are correct
Under the rules, market infrastructure institutions (MIIs) stock exchanges, except commodity derivatives exchanges, and depositories will have to physically serve Show Cause Notice (SCN) or order issued by the regulator to the concerned entity.

9) Answer: D

The gross GST revenue collected in July 2022 is ₹1,48,995 crore of which CGST is ₹ 25,751 crore.
The revenues for July 2022 are 28% higher than the GST revenues in the same month last year of ₹ 1,16,393 crore.
For five months in a row now, the monthly GST revenues have been more than ₹ 1.4 lakh core, showing a steady increase every month.
The growth in GST revenue till July 2022 over the same period last year is 35% and displays a very high buoyancy.

10) Answer: D

Union Minister for Agriculture and Farmers Welfare, Narendra Singh Tomar, presented Agriculture Infra Fund awards.
The awards felicitate the contribution of various Banks and States and different field functionaries to the Agriculture Infrastructure Fund (AIF) scheme.
State Bank of India achieved the first position among the best performing banks.
It is followed by Punjab National Bank and Bank of India.
In the second category, banks were awarded for their valuable contribution.
In this category, the Bank of Baroda achieved the first rank.
It is followed by the Central Bank of India, Canara Bank, and Kotak Mahindra Bank.
In the Target Achievers Category, Punjab National Bank, Canara Bank, HDFC Bank, Bank of Maharashtra, Punjab & Sind Bank, and Karnataka Bank were awarded.
Madhya Pradesh Gramin Bank was best among the best performing Regional Rural Banks.
It was followed by Madhyanchal Gramin Bank, Maharashtra Gramin Bank, and Baroda Rajasthan Kshetriya Gramin Bank.
In the state category, Madhya Pradesh has been adjudged the best-performing state.

11) Answer: E

Reliance Industries Ltd’s (RIL) New Energy arm, Ola Electric Mobility Private Limited, and Rajesh Exports Limited are the three companies that have signed the Program Agreement under (PLI) Scheme for Advanced Chemistry Cell (ACC) Battery Storage.
These companies will receive incentives under India’s ₹18,100 crore program.
In addition to the capacities allocated by the Ministry of Heavy Industries under the PLI Program, private players are expected to create battery manufacturing capacity to the tune of ~95 GWh.
The companies were among four bidders selected by the government in March to build a total of 50-gigawatt hours (Gwh) of battery storage capacity under a production-linked incentive program.
A total of 10 bids were received from companies with a manufacturing capacity of 128 GWh under the PLI Scheme of ACC Battery Storage.
Under the ACC PLI program, the manufacturing facility would have to be set up within two years.

12) Answer: D

According to the real-time Bloomberg Billionaires Index, Savitri Jindal, the Chairperson Emeritus of the OP Jindal Group, has surpassed Yang Huiyan of China to become Asia’s richest woman.
The entire wealth of the 72-year-old Savitri Jindal, who is also the richest woman in India, is $11.3 billion.
In recent years, Jindal’s net worth has changed significantly.
During the Covid-19 epidemic, it decreased to $3.2 billion in April 2020, and after the Russian invasion of Ukraine, it increased to $15.6 billion in April 2022 as a result of higher commodity prices.

13) Answer: C

The World Bank has appointed Côte d’Ivoire national, Mr. Auguste Tano Kouame, as the Country Director for India for five years which is effective from August 01, 2022.
He replaces Junaid Kamal Ahmad of Bangladesh.
Auguste Tano Kouame joined the World Bank as a Young Professional in 1996.
He worked at the United Nations Development Program and taught Applied Economics in Cote d’Ivoire and France.
He took field assignments from 2002-05 as Senior Country Economist, based in Santo Domingo, Dominican Republic, and, subsequently, as a World Bank representative in Haiti.
From 2005 to 2008, he served as Assistant to the World Bank Group President.
He served as the director of the department of human development and economic management in the World Bank Group’s Independent Evaluation Group (IEG) from January 2017 to April 2019.
Recently, he served as the World Bank’s country director for Turkey.

14) Answer: A

Sanjay Arora, a 1988-batch IPS officer of Tamil Nadu cadre took charge as Delhi Police Commissioner.
He is due for retirement in 2025.
He succeeded Rakesh Asthana (Gujarat cadre IPS officer), who retired after nearly 38 years in service.
Sanjay Arora was appointed the Director General (31st chief ) of the paramilitary Indo-Tibetan Border Police (ITBP).
He served as Commissioner of Police, Coimbatore city from 2002 to 2004.
He had stints in the Central Reserve Police Force (CRPF) and the Border Security Force (BSF).

15) Answer: B

The third Edition of the Vietnam India Bilateral Army Exercise “Ex VINBAX 2022” is scheduled to be conducted at Chandimandir, a military cantonment of the Indian Army located in the Panchkula district of Haryana, from August 01 to 20, 2022.
The theme of Ex VINBAX – 2022 is the employment and deployment of an Engineer Company and a Medical Team as part of the United Nations Contingent for Peacekeeping Operations.
The Indian Army is represented by troops from the 105 Engineer Regiment.
The previous edition of the bilateral exercise was conducted in Vietnam in 2019.

16) Answer: C

The 4th Edition of India-Oman Joint Military Exercise ‘AL NAJAH-IV’ will be held from August 01 to 13, 2022 at the Foreign Training Node of Mahajan Field Firing Ranges in Rajasthan.
The exercise will take place between contingents of the Indian Army and the Royal Army of Oman.
The 3rd edition of Ex AL NAJAH IV was held at Muscat from March 12 to 25 2019.
The joint exercise would focus on Counter Terrorism Operations, Regional Security Operations, and Peace Keeping Operations under the United Nations charter apart from organizing joint physical training schedules, tactical drills, techniques, and procedures.
The exercise includes “professional interaction, mutual understanding of drills and procedures, the establishment of joint command and control structures and elimination of terrorist threats.

17) Answer: C

England beat Germany 2-1 after extra time in a packed Wembley Stadium in London, bringing home the trophy of the UEFA women’s Euro for the first time.
Germany suffered a heavy blow minute ahead of the final as their captain Alex Popp had to pull out after picking up an injury during the warm-up.
Ella Toone and Chloe Kelly prodded goals for the England team.
Lina Magull helped Germany equalize in the 79th minute.
UEFA’s team of Technical Observers at UEFA Women’s EURO 2022 have named Beth Mead as their Player of the Tournament.

18) Answer: C

Formula One champion Max Verstappen overcame a spin and his worst starting spot of the season to win the Hungarian Grand Prix.
His eighth win of the season pushed Verstappen’s lead to 80 points over Charles Leclerc as F1 heads into its mid-season break.
Verstappen’s eighth win of the season was the 28th of the Dutchman’s career.
Max Emilian Verstappen is a Belgian-Dutch racing driver and the 2021 Formula One World Champion.
He competes under the Dutch flag in Formula One with Red Bull Racing.
He is the son of former Formula One driver Jos Verstappen.

19) Answer: C

India has won nine medals at Birmingham 2022, including three gold medals, three silver medals, and three bronze medals.
Mirabai Chanu wins India’s first gold medal in weightlifting women’s 49kg at the Commonwealth Games 2022.
Bindyarani Devi won one gold and one silver medal in women’s weightlifting in 55kg.
India won four medals in men’s weightlifting.
Jeremy Lalrinnunga won gold in 67 kg, Sanket Sargar won silver in 55 kg, and Achinta Sheuli won gold in 73 kg.

20) Answer: C

Founder of popular Kannada daily newspaper ‘Udayavani’, T Mohandas M Pai passed away at the age of 89.
T Mohandas M Pai was the eldest son of Dr. T M A Pai, the founder of the Manipal group of institutions.
Pai was called the ‘architect of modern Manipal’.
He set up Rashtrakavi Govindapai Research Centre, Regional Resources Centre for Folk Performing Arts, and MGM Yakshagana Kendra.

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Daily Current Affairs Quiz – 03rd August 2022

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