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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2023 of 01st 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.
1) The Reserve Bank of India (RBI) became a net seller of US dollars in fiscal year 2023. The RBI sold ____________in the spot foreign exchange market.
(a) $21.52 billion
(b) $25.52 billion
(c) $14.52 billion
(d) $36.52 billion
(e) $42.52 billion
2) Which bank has unveiled its new logo as part of its “refreshed brand identity”, and expects to roll it out across its branch network over the next three months?
(a) Punjab National Bank
(b) Karnataka Bank
(c) Nainital Bank
(d) YES Bank
(e) HDFC Bank
3) Which of the following payment company has launched India’s fastest one-step UPI (unified payments interface) payment solution‘Turbo UPI’?
(a) Fi Money
(b) Paytm
(c) RazorpayX
(d) Stashfin
(e) Mobikwik
4) TCS has announced that Ikano Bank AB has selected the TCS BaNCS Global Banking SaaS Platform for its pan-Europe core banking transformation. Ikano Bank AB based in which country?
(a) Denmark
(b) Norway
(c) Sweden
(d) Iceland
(e) Hungary
5) As per the new rules issued by the Central Board of Direct Taxes (CBDT), which of the following countries’ angel investors will not be exempted under the new angel tax mechanism?
(a) Singapore, Ireland, the Netherlands, and Mauritius
(b) Singapore, India, the Netherlands, and Mauritius
(c) Singapore, Ireland, the UK, and Mauritius
(d) Singapore, Ireland, the Netherlands, and France
(e) Singapore, Netherlands, the UK, and Mauritius
6) Which bank has partnered with Yubi to extend digital supply chain financing solutions to small and medium-sized businesses (SMEs)?
(a) State Bank of India
(b) Canara Bank
(c) Indian Bank
(d) UCO Bank
(e) DBS Bank
7) Which bank has emerged as the best bank as far as management of bad loans is concerned with its net non-performing assets (NPAs) falling as low as 0.25% during the financial year ended March 2023?
(a) Bank of Maharashtra
(b) State Bank of India
(c) Bank of India
(d) Canara Bank
(e) Bank of Baroda
8) The Union Government has decided to waive off Inter-State Transmission Charges (ISTS) for Off-Shore Wind Projects.Full ISTS charges will apply to Green Hydrogen and Green Ammonia plants commissioned after__________.
(a) 2047
(b) 2051
(c) 2036
(d) 2030
(e) 2039
9) What is the name of the program that has been extended by the National Level Steering Committee (NLSC) for an additional two years?
(a) National Water Conservation Scheme
(b) Atal Bhujal Yojana
(c) Water Resource Management Initiative
(d) Atal Pension Yojana
(e) Sukanya Samriddhi Yojana
10) According to the Periodic Labour Force Survey (PLFS) released by the National Statistical Office (NSO), India’s urban unemployment rate has fallen to _____ in Q4 of FY23.
(a) 9.9%
(b) 6.8%
(c) 9.3%
(d) 7.8%
(e) 11.2%
11) Which country has decided to allow India’s Satluj Jal Vidyut Nigam (SJVN) Limited to develop a second hydropower project in the country?
(a) Nepal
(b) Myanmar
(c) Bhutan
(d) Bangladesh
(e) Sri Lanka
12) Which state government has launched ‘Mo Ghara’ (My House), a credit-linked housing scheme to provide financial assistance to people of states for completing or upgrading their houses?
(a) Assam
(b) Bihar
(c) Tripura
(d) Gujarat
(e) Odisha
13) Which state government has launched the community policing outreach programme to strengthen community relations and promote better relations between district administration, law enforcement agencies & public?
(a) Madhya Pradesh
(b) Uttar Pradesh
(c) Maharashtra
(d) Haryana
(e) Gujarat
14) Which state government has announced that at least one de-addiction centre would be established in all the districts in the state?
(a) Madhya Pradesh
(b) Gujarat
(c) Haryana
(d) Karnataka
(e) Telangana
15) Anatomy of a Fall won the Palme d’Or award at the 76th edition of the Cannes Film Festival. Who is the director of the ‘Anatomy of a Fall’?
(a) Merve Dizdar
(b) Asmae El Moudir
(c) Koji Yakusho
(d) Justine Triet
(e) Ruben Ostlund
16) Who among the following won the Outstanding Achievement in Indian Cinema award at the International Indian Film Academy Awards (IIFA) 2023 held in Abu Dhabi?
(a) Amitabh Bachchan
(b) R Madhavan
(c) Hrithik Roshan
(d) Kamal Haasan
(e) Rajinikanth
17) Which state government has signed 6 MoUs worth ₹818.9 crores with Japanese companies for various developments in the state?
(a) Gujarat
(b) Tamil Nadu
(c) Maharashtra
(d) Telangana
(e) Andhra Pradesh
18) Chennai Super Kings won their 5th IPL title by defeating Gujarat Titans by 5 wickets. Who won the Player of the Series and Most Valuable Player of the Tournament?
(a) Faf du Plessis
(b) Shubman Gill
(c) Devon Conway
(d) Mohammed Shami
(e) Yashasvi Jaiswal
19) Which of the following country won the NSC-CAVA Women’s Volleyball Challenge Cup title in 2023 held in Kathmandu, Nepal?
(a) Bangladesh
(b) Uzbekistan
(c) Nepal
(d) India
(e) Kazakhstan
20) Every year, World Milk Day has been observed all over the world in which of the following day?
(a) 31 May
(b) 2 June
(c) 3 June
(d) 30 May
(e) 1 June
Answers :
1) Answer: B
The Reserve Bank of India (RBI) became a net seller of US dollars in fiscal year 2023, after being a net purchaser for three consecutive years.
The RBI sold $25.52 billion in the spot foreign exchange market.
Key Highlights :
The RBI sold dollars to reduce volatility in the rupee, which has been under pressure due to the Russia-Ukraine war and interest rate hikes by the US Federal Reserve.
The RBI sold the greenback to prop up the rupee, which had depreciated due to higher import bills and foreign investors pulling out money from the domestic market.
Without the RBI’s dollar sales, experts suggest the rupee could have weakened further, potentially reaching 84-85 levels against the dollar.
The country’s foreign exchange reserves decreased from $606.475 billion to $578.449 billion during FY23.
This was primarily due to valuation losses resulting from the appreciating US dollar and higher US bond yields.
The Central Board of the RBI approved a 188% increase in surplus transfer to the government for the accounting year 2022-23.
2) Answer: D
YES Bank unveiled its new logo as part of its “refreshed brand identity”, and expects to roll it out across its branch network over the next three months.
The new brand campaign launched by MD and CEO Prashant Kumar with the slogan Life Ko Banao Rich.
Key Highlights :
The new identity will be extended to all customer touchpoints of the bank such as headquarters, branches, products, digital platforms and communication materials.
McCann Worldgroup was the creative agency and Conversation Films was the production house involved in creating the new logo.
The design language of the logo is digitally friendly and reflects fluidity and progressive spirit while staying true to core values.
The tick has been transformed into a soaring bird, smoothened out corners and fluid shapes have replaced the angular edges of the older identity, and the typography is more emphatic, adding that the blue and red colours have an electric tone, representing high energy and innovation.
3) Answer: C
Razorpay has launched India’s fastest one-step UPI (unified payments interface) payment solution,‘Turbo UPI’ that allows customers of online merchants to make UPI payments directly without getting redirected to a third-party UPI app during checkout.
Razorpay Turbo UPI aims to deliver a 5X faster payment experience.
This solution was developed in partnership with National Payments Corporation of India (NPCI) and Axis Bank.
4) Answer: C
Tata Consultancy Services (TCS) announced that Ikano Bank AB in Sweden has selected the TCS BaNCS Global Banking SaaS Platform for its pan-Europe core banking transformation.
Ikano Bank aims to provide a flexible, digital core that will support the rapid launch of new products and expansion into new markets.
With the objective of building multi-country capabilities on a single core banking platform, the bank selected TCS BaNCS for its event-based streaming architecture and functionality.
5) Answer: A
Draft valuation rules for overseas investments into startups under the ‘angel tax’ regime have been announced.
The rules have been issued by the Central Board of Direct Taxes (CBDT).
Key Highlights :
5 new valuation methods for calculating Angel Tax under a new mechanism for non-resident investors in startups have been proposed under the rules.
The new mechanism will be effective from April 1, 2024.
Regulated investor entities from 21 countries and recognised startups will be immune from the new mechanism.
New valuation methods are given below.
Comparable Company Multiple Method
Probability Weighted Expected Return Method
Option Pricing Method
Milestone Analysis Method
Replacement Cost Method
These 5 new valuation methods will be separate from 2 methods already in use- Discounted Cash Flow (DCF) and Net Asset Value (NAV).
10% variation has been allowed over the value determined under these rules.
As per the rule, the valuation report by the Merchant Banker would be acceptable if it is of a date not more than 90 days prior to the date of issue of shares subject to valuation.
Investment from angel investors belonging to Singapore, Ireland, the Netherlands and Mauritius will not be exempted under the new angel tax mechanism.
6) Answer: C
Yubi, an online debt marketplace that connects borrowers and lenders for various credit products, announced its partnership with Indian Bank to extend digital supply chain financing solutions to small and medium-sized businesses (SMEs).
Indian Bank will leverage Yubi’s technology and platform to digitally enable and scale its supply chain financing book through vendor and dealer financing, targeting large corporations and their SME counterparties.
The partnership is expected to disburse ₹1,500 crore within the first year.
7) Answer: A
Bank of Maharashtra (BoM) has emerged as the best bank as far as management of bad loans is concerned with its net non-performing assets (NPAs) falling as low as 0.25% during the financial year ended March 2023.
This is the lowest level among all banks having total business above ₹3 lakh crore and not just public sector banks (PSBs).
Key Highlights :
Bank of Maharashtra was followed by HDFC Bank with net NPA declining to 0.27%.
Kotak Mahindra Bank stood at the third place with NPAs at 0.37% of net advances.
Among the PSBs, Bank of Maharashtra was followed by the State Bank of India (SBI) with net NPAs declining to 0.67% at the end of March 2023.
SBI was followed by Bank of Baroda at 0.89%.
Bank of Maharashtra has the highest Provision Coverage Ratio at 98.28%.
It was followed by UCO Bank at 94.50% and Indian Bank at 93.82%.
Bank of Maharashtra has the highest Capital Adequacy Ratio (CAR) of 18.14% among PSBs.
8) Answer: C
The Union Government has decided to waive off Inter-State Transmission Charges (ISTS) for Off-Shore Wind Projects.
The government has extended the waiver to Green Hydrogen and Green Ammonia.
This decision has been taken to promote the expansion of Green Hydrogen and Green Ammonia Projects and to encourage the production of renewable energy from Energy Storage System Projects.
Projects commissioned till December 31, 2032, will become eligible for a complete waiver of ISTS charges for 25 years from the date of commissioning.
Graded ISTS charges will become applicable to the off-shore projects commissioned from 1st January 2033.
The Government was earlier providing waivers to wind energy projects till 30th June 2025.
ISTS charge will be 50 percent for plants being commissioned between 2034 to 2035.
Full ISTS charges will apply to plants which will be commissioned after 2037.
25 percent ISTS charges will apply to Green Hydrogen and Green Ammonia plants being commissioned between 2030 to 2031.
Full ISTS charges will apply to Green Hydrogen and Green Ammonia plants commissioned after 2036.
9) Answer: B
The National Level Steering Committee (NLSC) has decided to extend Atal Bhujal Yojana to additional two years. Its original end year was 2025.
The main aim of extending this scheme is to make up the implementation delays due to covid-19 and to further promote community behaviour change initiatives.
The NLSC reviewed the progress of the project and urged state officials to accelerate all related activities.
This scheme has been lauded by World Bank for its significant role in promoting water use efficiency.
Atal Bhujal Yojana brought 450,000 hectares of the irrigated area through various water techniques like drip irrigation and crop diversification.
It was launched in 2020.
It is being implemented in 80 districts of seven Indian states.
The main focus of the scheme is to bring community behavioural change towards conservation and smart water management.
The scheme also encourages innovative irrigation techniques to improve water efficiency.
Under this scheme, the adoption of various successful practices in different states has been witnessed.
It focuses on groundwater recharge and demand-side interventions.
10) Answer: B
India’s urban unemployment rate has fallen to 6.8% in Q4 of FY23.
This is the lowest level in more than four years.
It stagnated at 7.2% in the previous October-December quarter.
The decline in the rate reflects improvement in the labour market, according to the Periodic Labour Force Survey (PLFS) released by the National Statistical Office (NSO).
The unemployment rate in the current weekly status (CWS) terms of all ages in the March quarter was the lowest recorded in over four years.
11) Answer: A
Nepal decided to allow India’s Satluj Jal Vidyut Nigam (SJVN) Limited to develop a second hydropower project in the country.
Presently, SJVN is developing a 900-MW Arun-III hydroelectric project.
It is a run-of-river project located on the Arun River in Eastern Nepal.
It is scheduled to be completed in 2024.
Key Highlights :
Prime Minister (PM) Pushpa Kamal Dahal Prachanda chaired a meeting of the Investment Board Nepal (IBN).
It approved the draft project development agreement (PDA) to be signed with SJVN to develop the 669-megawatt (MW) Lower Arun Hydropower project in eastern Nepal.
12) Answer: E
Odisha Chief Minister (CM) Shri Naveen Patnaik announced the launch of the ‘Mo Ghara’ (My House) a credit-linked housing scheme to provide financial assistance to people of states for completing or upgrading their houses.
The housing scheme was approved by the Odisha cabinet “to meet the aspiration of the lower and lower middle-income households of rural Odisha
This scheme will cover all such families who have been left out of the existing housing schemes.
Key Highlights :
Approximately 4 lakh people will be covered under the new scheme for which the government will bear Rs 2150 crore over a period of 2 years.
Under this scheme, beneficiaries can get housing loans up to Rs 3 lakh which can be repaid in 10 years excluding 1 year moratorium period.
An individual can opt for one of the four slabs of loan amount – Rs. 1 lakh, Rs. 1.5 lakh, Rs. 2 lakh and Rs. 3 lakh.
The applications for availing loans will start from June 15, 2023.
The family living in a kutcha (thatched) house or one pucca room with concrete roof are eligible for the scheme.
Persons having a monthly income below ₹25,000 and availed housing assistance of ₹70,000 or below in the past would be considered eligible for this scheme.
13) Answer: D
Haryana Chief Minister (CM) Shri Manohar Lal launched the community policing outreach programme Haryana Uday from the Gurugram district of the state, another innovative initiative towards public welfare.
The programme will be implemented across the state from 1 June 2023.
Community Policing & Outreach Programme Haryana UDAY Programme aims to strengthen community relations and promote better relations between district administration, law enforcement agencies & public.
Key Highlights :
Under Haryana UDAY, under the calendar of Chief Minister’s Outreach Program, during the month of June, Strong/ Fitman Haryana, 3-day Women’s Market in Gurugram and Yoga practice programs will be organized on 21 June on International Yoga Day.
Apart from this, sports competitions for the age group of 60 years & above and 3-day Women’s Market will be organized in Faridabad during the month of July.
The Community Policing Programme will be launched by The Commissioner of Police/Superintendent of Police in their respective districts from 1 June 2023.
Also, the CM will review the six-monthly report of the programme along with a presentation from all the districts and the best 3 Deputy Commissioners/Commissioners of Police/Superintendents of Police will be awarded.
14) Answer: E
The Telangana government headed by the Chief Minister Shri K.Chandrasekhar Rao has announced that at least one de-addiction centre would be established, in all 33 districts (one each).
In these centres, people who are addicted to alcohol or other drugs are treated free of cost and they are being provided yoga therapy and counselling services.
The setting up of new drug de-addiction centres in the state came a month after criticism from the High Court on the government’s delay in filing a response over the opening of such centres.
After Andhra Pradesh’s bifurcation in 2014, the residual state of Andhra Pradesh developed 18 de-addiction centres in its 13 districts, while Telangana had not created a single.
Regarding this, a public interest litigation was filed in the High Court in 2016 and a request was made to direct the state government to open drug de-addiction centres in all the districts.
15) Answer: D
76th edition of the Cannes Film Festival concluded.
Justine Triet’s Anatomy of a Fall won the Palme d’Or, which is the highest prize awarded at the Cannes Film Festival.
French director Justine Triet is the third woman to win the top prize at the Cannes Film Festival.
Jane Campion won the Palme d’Or for The Piano (1993) and Julia Ducournau won it for Titane (2021).
List of Winners:
This year, two Honorary Palme d’Or were awarded to Michael Douglas and Harrison Ford.
Ruben Ostlund served as jury president.
Jonathan Glazer’s The Zone of Interest won the Grand Prix award.
Japanese actor Koji Yakusho won the best actor award for his role in Wim Wenders’s Perfect Days.
Turkish actress Merve Dizdar won the Best Actress prize for her role in Nuri Bilge Ceylan’s About Dry Grasses. Other winners are given in the next table.
Best director – Tran Anh Hung for “The Pot-au-Feu”
L’Oeil d’or (Golden Eye) award for best documentary – Jointly won by Kaouther Ben Hania’s Four Daughters and The Mother of All Lies by Asmae El Moudir.
16) Answer: D
Hrithik Roshan won Best Actor in a Leading Role (male) award at the International Indian Film Academy Awards (IIFA) 2023 held in Abu Dhabi.
Alia Bhatt also won the award for Best Actor in a Leading Role (Female) for her role in the movie GangubaiKathiawadi for her role in the film GangubaiKathiawadi.
While Alia was not present at the ceremony, producer Jayantilal Gada accepted the award on her behalf.
Hrithik Roshan won best actor for Vikram Vedhan in Indian Film Academy Awards 2023.
Ajay Devgn’s crime thriller Drishyam 2 won the award for best editing and Best film.
Abhishek Bachchan and Vicky Kaushal hosted the award.
Meanwhile, Brahmastra: Part One – Shiva was adjudged the best film of the year.
The film won many other awards at the event, including Best Playback Singer (Female) – Shreya Ghoshal, Best Playback Singer (Male) – Arijit Singh and Best Supporting Actor (Female) – Mouni Roy.
Winners List:
Best Picture – Drishyam 2.
Best Director – R Madhavan (Rocketry: The Nambi Effect).
Best Actor (Male) – Hrithik Roshan (Vikram Vedha).
Best Actor (Female) – Alia Bhatt (GangubaiKathiawadi).
Outstanding Achievement in Indian Cinema – Kamal Haasan
17) Answer: B
Tamil Nadu and Japanese companies signed six MoUs to bring an investment of ₹818.9 crores in the State.
Guidance Tamil Nadu (the State’s nodal agency for investment promotion and single window facilitation) and KyoKutoSatrac signed MoU for establishing a 13-acre plant for manufacturing trailers and trucks.
An MoU worth ₹155 crores has been signed by Mitsuba for the expansion of its plant at SIPCOT Gummidipoondi in the Tiruvallur district.
Kohyei signed an MoU for setting up a plant for manufacturing polycarbonate sheets.
Sato-Shoji Metal Works will invest ₹200 crores to set up a plant for manufacturing high-quality steel components.
The Tamil Nadu government is setting up various industrial parks across the state.
Tamil Nadu government has also launched ‘Naan Mudhalvan’, a skill development programme for school and college students.
18) Answer: B
Chennai Super Kings won their 5th IPL title by defeating defending champions Gujarat Titans by 5 wickets at the Narendra Modi Stadium in Ahmedabad.
The 2023 Indian Premier League was the 16th edition of the IPL.
Chasing a revised target of 171 in 15 overs against Gujarat Titans, Chennai Super Kings achieved the target with the loss of 5 wickets on the last ball of the final over.
Awards:
The Player of the Match was given to Devon Conway and Player of the Series was given to Shubman Gill.
Purple cap – Mohammed Shami (28 wickets).
Orange cap – Shubman Gill (890 runs).
Emerging player of the season – Yashasvi Jaiswal.
Catch of the Season – Rashid Khan.
Most Valuable Player – Shubman Gill.
Fairplay Award – Delhi Capitals.
19) Answer: D
India has won the NSC-CAVA Women’s Volleyball Challenge Cup title.
NSC-CAVA Women’s Volleyball Challenge Cup was held in Kathmandu.
India defeated Kazakhstan in the final at the National Sports Council’s Covered Hall in Tripureshwor, Kathmandu on 28 May 2023 and won the title.
Nepal Volleyball Association has organised the event.
National Sports Council supported it.
Eight nations participated in it.
In the competition, Kazakhstan became the runner-up.
Nepal came third.
Uzbekistan came fourth.
Sri Lanka came fifth.
Kyrgyzstan, Maldives and Bangladesh came sixth, seventh, and eighth, respectively.
20) Answer: E
On June 1st, World Milk Day 2023 is observed all over the world.
It is a global event celebrated all over the world annually on June 1st every year to celebrate the dairy industry and recognize milk as a globally important food.
Between 9000 – 7000 B.C. The First Milk was observed.
After mammals are domesticated in Neolithic times, humans begin to drink milk for sustenance.
In 1300 A.D., Mongolians pack dried horse milk into a paste that can be reconstituted with water for long journeys.
In the 1600s, Ice Cream was invented.
Humanity finds a way to improve on a nice cool glass of milk in the 1600s with the invention of ice cream.
In 1840, Milk was made accessible to places and Railways allow the transportation of milk from rural farming areas to cities in England.
On June 1st, 2001, Milk Day became a worldwide event.
The roots of global celebrations can be pinpointed in the United Nations (UN).
The FAO of the United Nations, in specific, has been in charge of coordinating and publicizing WMD across the planet.
In 2016, Russia, China, Canada, the EU, and more become self-sufficient with milk production and stop importing milk.
