Home » Daily Current Affairs Quiz – 02nd & 03rd April 2023

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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2023 of 02nd & 03rd April 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 Union Ministry of Finance has increased the interest rates on various small savings schemes for the first quarter of FY24. What is the increased interest rate of the Sukanya Samriddhi Account (SSA) Scheme?

(a) 7.9%

(b) 7.7%

(d) 8.0%

(e) 7.5%

2) Which of the following bank has entered into a co-lending pact with Shriram Housing Finance through Yubi?

(a) HDFC Bank

(b) Kotak Mahindra Bank

(d) ICICI Bank

(e) Federal Bank

3) Which bank has launched its coffee table book ‘ The Banker to Every Indian,’ which celebrates 75 years of India’s independence and SBI’s glorious 200-year history?

(a) Punjab National Bank

(b) State Bank of India

(d) Union Bank of India

(e) Bank of Baroda

4) Which insurance company has signed a bancassurance partnership withUCO Bank for the distribution of health insurance products through the bank’s branches across India?

(a) The New India Insurance Company Limited

(b) The United India Insurance Company Limited

(d) Star Health and Allied Insurance Company Limited

(e) Max Life Insurance Company Limited

5) Which organisation has announced that LIC, GIC Re and New India Assurance are considered as the Domestic Systemically Important Insurers (D-SIIs) for the financial year 2022-23?

(a) Ministry of Finance

(b) SEBI

(d) IRDAI

(e) IBA

6) Which of the following bank has partnered with Godrej Capital to offer banking products & services?

(a) Axis Bank

(b) State Bank of India

(d) Bank of India

(e) Union Bank of India

7) Consider the following statement regarding the Mahila Samman Savings Certificate Scheme. Which of the following statement is incorrect?

(i) The Centre said the Mahila Samman Savings Certificate Scheme has been announced in the Budget with a deposit facility up to two lakh rupees in the name of women or girls for a tenure of two years at a fixed interest of 7.5 per cent.

(ii) This will offer deposit facility up to Rs.2 lakh in the name of women or girls for a tenor of 2 years at fixed interest rate of 7.5 per cent with partial withdrawal option.

(iii) Limit – The maximum deposit amount for the Mahila Samman Savings Certificate is Rs 3 lakh

(a) Only (iii)

(b) Both (i) and (ii)

(d) Both (ii) and (iii)

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

8) Which state government was planning a year-long celebration of the centenary of the Vaikom Satyagraha that was launched to end caste discrimination in a temple in colonial Kerala?

(a) Telangana

(b) Andhra Pradesh

(d) Kerala

(e) Karnataka

9) As per the recent news, Where was the Second G20 Sherpas meeting held under India’s G20 Presidency?

(a) Hyderabad, Telangana

(b) Indore, Madhya Pradesh

(d) Mumbai, Maharashtra

(e) Kumarakom, Kerala

10) The International Finance Corporation (IFC) planned to invest Rs 600 crore in _________unit at a valuation of up to Rs 6,020 crore.

(a) Toyota

(b) Mahindra and Mahindra

(d) Maruti Suzuki

(e) Inspektlabs

11) According to a report published by UNESCO at the UN 2023 Water Conference, How much per cent of the world’s population does not have safe drinking water?

(a) 37per cent

(b) 16per cent

(d) 42per cent

(e) 26per cent

12) Which IIT from India has entered the list of top 50 institutions for engineering in the QS World University Rankings by Subject 2023?

(a) IIT Mandi

(b) IIT Kanpur

(d) IIT Delhi

(e) IIT Madras

13) Wicketkeeper-batsman Aasif Sheikh has been declared the winner of the 2022 Christopher Martin-Jenkins Spirit of Cricket Award. He belongs to which country?

(a) Pakistan

(b) Nepal

(d) South Africa

(e) Afghanistan

14) Recently, BharatPe cofounder Ashneer Grover’s new venture Third Unicorn Pvt Ltd has launched a fantasy sports app named ___________.

(a) Wicketpe

(b) Scorepe

(d) ThirdUmpire

(e) Earnpe

15) What is the name of India’s first cloned Gir calf that has been produced at the National Dairy Research Institute (ICAR-NDRI)?

(a) Godavari

(b) Lakshmi

(d) Ganga

(e) Gomatha

16) Who will be appointed as the next crown prince of Abu Dhabi?

(a) Khalifa bin Zayed Al Nahyan

(b) Sheikh Mohammed bin Zayed Al Nahyan

(d) Sheikh Khaled bin Mohamed

(e) Tahnoon bin Zayed bin Sultan Al Nahyan

17) Employees’ Provident Fund Organisation (EPFO) approved the appointment of UTI AMC and SBI Mutual Fund as its fund managers for ______ years.

(a) 2

(b) 5

(d) 4

(e) 6

18) Recently, The Ministry of Defence has signed_________ contracts for 11 Next Generation Offshore Patrol Vessels and 6 Next Generation Missile Vessels for Indian Navy.

(a) Rs 22,600crores

(b) Rs 19,600crores

(d) Rs 11,600crores

(e) Rs 21,600crores

19) As per the Inter governmental Panel on Climate Change (IPCC) report, India and South Asia could be worst hit if _________threshold is overshot.

(a) 1.3°C

(b) 2.1°C

(d) 1.7°C

(e) 1.9°C

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

(a) 2 April

(b) 4 April

(d) 5 April

(e) 1 April

Answers :

1) Answer: D

The Union Ministry of Finance has increased the interest rates on various small savings schemes between 10-70 basis points (bps) for the first quarter (Q1) of the fiscal year 2023-24 (FY24) starting from April 1, 2023 to June 30, 2023.

This is the third time in the past 9 months that the interest rates on small savings schemes have been increased.

Key Highlights :

The interest rates on small savings schemes range from 4.0% to 8.2% for April-June 2023.

The interest rates of schemes like the Senior Citizen Savings Scheme, Monthly Income Savings Scheme, National Savings Certificate, Kisan Vikas Patra, and Sukanya Samriddhi Account Scheme have been revised.

Only the interest rates on the Public Provident Fund (PPF) and Post Office Savings Account have been kept unchanged.

Interest rates for small savings schemes are notified quarterly.

Sukanya Samriddhi Account (SSA) Schemeincreased from 7.6% to 8.0%

2) Answer: C

Axis Bank, India’s third largest private sector bank and Shriram Housing Finance Limited (SHFL), a leading Affordable Housing Finance Company, announced a strategic partnership under the co-lending model through the YubiCo.Lend platform.

Aim :

To leverage the financial expertise of Axis Bank and the loan processing technology of SHFL to assess the credit profile of borrowers and provide loans at competitive interest rates.

3) Answer: B

The State Bank of India (SBI), the country’s largest financial institution, announced the launch of its coffee table book ‘ The Banker to Every Indian,’ which celebrates 75 years of India’s independence and SBI’s glorious 200-year history.

The book is a tribute to the spirit of India’s independence and the Bank’s contribution to nation-building.

It showcases ethics, technological advancements, and transformation with the important initiatives undertaken by the Bank.

4) Answer: C

Aditya Birla Health Insurance Co Ltd (ABHICL), a part of Aditya Birla Capital Ltd.’s (ABCL) health insurance joint venture, announced a bancassurance collaboration with public sector lender UCO Bank for the distribution of health insurance products through the bank’s branches across India.

ABHICL will be able to reach out to more than 40 million customers of the bank.

5) Answer: D

The Insurance Regulatory and Development Authority of India (IRDAI) announced that Life Insurance Corporation of India (LIC), General Insurance Corporation of India Limited (GIC Re), and New India Assurance Co are still considered Domestic Systemically Important Insurers (D-SIIs) for the financial year 2022-23.

LIC, GIC Re., and New India continue to be identified as D-SIIs, as in the 2021-22 list of D-SIIs

D-SIIs are perceived as insurers that are “too big or too important to fail”.

6) Answer: B

Godrej Capital Limited, the financial services arm of the Godrej Group has signed a strategic memorandum of understanding (MOU) with the State Bank of India (SBI) to strengthen their partnership, where the bank would provide various financial products and offerings.

Aim :

To capitalise on synergies that will empower its customers and accelerate the growth of its economy.

SBI and Godrej Capital will come together to make financial solutions more accessible and affordable.

As per Dinesh Khara, Chairman of SBI, the focus will be on delivering financial solutions to the Godrej group.

7) Answer: A

The Centre said the Mahila Samman Savings Certificate Scheme has been announced in the Budget with a deposit facility up to two lakh rupees in the name of women or girls for a tenure of two years at a fixed interest of 7.5 per cent.

This will offer deposit facility up to Rs.2 lakh in the name of women or girls for a tenor of 2 years at fixed interest rate of 7.5 per cent with partial withdrawal option.

Limit – The maximum deposit amount for the Mahila Samman Savings Certificate is Rs 2 lakh

Tenor and interest rate – The scheme has a two-year term i.e., up to March 2025 and a 7.5 percent annual interest rate, with the option of partial withdrawal.

Small savings scheme taxation – This is a government-backed small-savings plan.

Generally, Section 80C tax benefits are available for small savings plans

8) Answer: C

On the beginning of the centenary of the Vaikom Satyagraha Tamil Nadu (TN) Chief Minister (CM) Shri M.K. Stalin announced that his government was planning a year-long celebration of the movement that was launched to end caste discrimination in a temple in colonial Kerala.

Key Highlights :

Vaikom Satyagraha was a movement started in Kerala from 30 March 1924 to 23 November 1925 for the upliftment of depressed classes.

It was launched against the oppression of people of the lower caste and untouchability in a place near Travancore known as Vaikom.

A ‘Vaikom Award’ would be given to eminent personalities or organisations who had worked for the welfare of the oppressed sections.

It would be awarded on ThanthaiPeriyar’s birth anniversary which is also being observed as the Day of Social Justice by the TN government.

9) Answer: E

The Second G20 Sherpas meeting under India’s G20 Presidency is scheduled to take place from March 30 to April 2, 2023, in Kumarakom, Kerala.

The four-day meeting will be chaired by India’s G20 Sherpa Shri Amitabh Kant.

120 delegates from G20 member countries, 9 invitee countries, and various international and regional organisations are taking part in this meeting.

The second Sherpa meeting will work on many important issues of global concern and will cover the work being done under the 13 working groups within the Sherpa Track.

In addition, 11 Engagement Groups and 4 Initiatives will provide policy recommendations from the perspectives of civil society, private sector, academia, women, youth, scientific advancement and research.

Key Highlights :

The Meeting started with two high-level side-events on Digital Public Infrastructure (DPI) and Green Development.

10) Answer: B

Mahindra & Mahindra said World Bank Group arm IFC will invest Rs 600 crore in a new unit of the company, which is being incorporated to scale up the last-mile electric mobility business.

IFC’s first investment in an EV manufacturer in the country and the first in electric three-wheelers globally will be in the form of compulsory convertible instruments at a valuation of up to Rs 6,020 crore.

The Rs 600 crore investment will result in ownership of between 9.97 per cent to 13.64 per cent for IFC in NewCo.

The NewCo will house the last-mile mobility division, including three-wheelers (Alfa, Treo, Zor) and four-wheeler SCV (Jeeto).

11) Answer: E

26 per cent of the world’s population does not have safe drinking water and 46 per cent lack access to safely managed sanitation, according to a report published by UNESCO at the UN 2023 Water Conference in New York.

As per the report, between two and three billion people experience water shortages for at least one month per year, posing severe risks to livelihoods, notably through food security and access to electricity.

The global urban population facing water scarcity is projected to double from 930 million in 2016 to 1.7 to 2.4 billion people in 2050.

The growing incidence of extreme and prolonged droughts is also stressing ecosystems, with dire consequences for both plant and animal species.

12) Answer: D

The Indian Institute of Technology-Delhi has entered the list of top 50 institutions for engineering in the QS World University Rankings by Subject 2023.

With a ranking of 48, it is up by seven places from last year.

As many as 44 programmes offered by Indian higher education institutions in different disciplines have figured in the top 100 globally.

Last year, 35 Indian programmes made it to the top 100.

The Delhi University is the Indian varsity with maximum entries (27) followed by Indian Institute of Technology (IIT), Bombay, (25) and IIT-Kharagpur (23).

The thirteen edition of the  QS World University Rankings by Subject has ranked 66 Indian universities, cumulatively achieving 355 entries, a 18.7 per cent increase compared to last year (299).

For the 13th edition of QS subject ranking, the universities were ranked in five broader areas – engineering and technology, arts and humanities, life sciences and medicine, natural science and social sciences and management.

The United States had the highest number of top-10 programs (256), followed by the United Kingdom with 145, and Switzerland with 32.

13) Answer: B

Nepalese Wicketkeeper-batsman Aasif Sheikh has been declared the winner of the 2022 Christopher Martin-Jenkins Spirit of Cricket Award.

The Award is presented every year by the Marylebone Cricket Club (MCC), UK in conjunction with the BBC.

The CMJ Spirit of Cricket Award was created in 2013 by MCC and the BBC in memory of former MCC President and BBC Test Match Special commentator Christopher Martin-Jenkins (CMJ), who was passionate about promoting the spirit of the game.

Sheikh was honoured for his sporting conduct shown in a Men’s T20 International between Nepal and Ireland in February 2022.

14) Answer: C

BharatPe cofounder Ashneer Grover’s new venture Third Unicorn Pvt Ltd has launched a fantasy sports app Crickpe – almost a week ahead of Indian Premier League (IPL) tournament.

With this Grover has marked his entry into a space crowded by fantasy sports startups such as Dream11, Mobile Premier League, My11Circle, and is backed by marquee investors such as Tiger Global, Sequoia Capital, TPG, Falcon Edge, DST Global.

Through Crickpe, a real-money gaming app, users over 18 years of age will be able to create a virtual team of cricket players, and enter paid contests to earn cash prizes based on the players’ performance in real games.

15) Answer: D

In another major achievement in the animal science field after getting success in buffalo cloning, the National Dairy Research Institute (ICAR-NDRI) has become the first institute in the country to produce a cloned calf of cattle.

Scientists of the institute have produced a female cloned calf from the somatic cell of the tail of the indigenous Gir cow breed, which is a native tract in Gujarat and is popular for its docile nature, disease-resistance, heat-tolerance and high milk producing qualities.

The newborn cloned female calf of the cow has been named “Ganga”, which weighs 32kg and is growing well.

The scientists used three animals for producing this calf of a cow.

16) Answer: D

United Arab Emirates (UAE) President Mr Sheikh Mohammed bin Zayed Al Nahyan known by his initials MBZ, has appointed his eldest son Mr Sheikh Khaled bin Mohamed as crown prince of Abu Dhabi, the oil-rich capital of the Gulf state.

About Mr Sheikh Khaled bin Mohamed :

Mr Sheikh Khaled bin Mohamed bin Zayed Al Nahyan is a member of the Abu Dhabi Executive Council and Chairman of both the Abu Dhabi Executive Committee and the Abu Dhabi Executive Office.

17) Answer: C

Retirement fund manager Employees’ Provident Fund Organisation (EPFO) approved appointment of UTI AMC and SBI Mutual Fund as its fund managers for 3 years.

Besides, the EPFO also approved a proposal for early redemption of its investment of around ₹ 700 crore in bonds of troubled Dewan Housing Finance Corporation Ltd (DHFL), at its trustees’ meeting held in Hyderabad.

Key Highlights :

The EPFO’s apex decision-making body Central Board of Trustees (CBT) headed by Labour Minister Mr Santosh Gangwar has decided to appoint 2 fund managers UTI AMC and SBI Mutual Fund for a 3-year term.

The EPFO’s advisory body Finance, Audit and Investment Committee (FAIC) had finalised and recommended the names of 3 asset management firms – HSBC AMC, UTI AMC and SBI Mutual Fund for their appointment as fund managers for 3 years beginning October 1, 2019.

18) Answer: B

The Ministry of Defence (MoD) signed contracts with Indian shipyards for the acquisition of 11 Next Generation Offshore Patrol Vessels (NGOPV) and 6 Next Generation Missile Vessels (NGMV) at an overall cost of approx. Rs 19,600 crore, in a huge boost to achieve ‘Aatmanirbharta’ in defence,

About the contract for acquisition of 11 NGOPVs :

The contract for acquisition of 11 NGOPV under Buy (Indian-IDDM) category was signed with Goa Shipyard Ltd (GSL) and Garden Reach Shipbuilders and Engineers (GRSE), Kolkata at a total cost of Rs 9,781 crore.

Of the 11 ships, 7 will be indigenously designed, developed & manufactured by GSL and 4 by GRSE.

The delivery of the ships is scheduled to commence from September 2026.

19) Answer: C

The Intergovernmental Panel on Climate Change (IPCC) released the final report of the sixth assessment cycle.

As per IPCC report, Climate change is a threat to human well-being and planetary health and there is a rapidly closing window of opportunity to secure a liveable and sustainable future for all.

Key Highlights :

Human activities have ‘unequivocally’ caused global warming.

This has warmed the land and oceans by 1.1°C as observed for the period of 2011-2020, compared with the period 1850-1900.

Nationally Determined Contributions (NDC) announced by countries till October 2021 make it likely that warming will exceed 1.5°C during the 21st century and make it harder to limit warming below 2°C.

To achieve the 1.5°C goal with 50% likelihood, we need rapid and deep GHG emissions reductions in all sectors this decade.

It is a summary of the 5 earlier reports released between 2018 and 2022.

20) Answer: A

On April 2nd of this current year World Autism Awareness Day 2023 is observed all over the world. The theme of World Autism Awareness Day 2023 is Transformation: Toward a Neuro-Inclusive World for All”.

This year, the Department of Community Development announced to commemorate World Autism Awareness Day.

In the 1970s, Treatments included secretin injection and risperidone to act on dopamine receptors.

In 1995, as a result of her 30-year study, Sula Wolff published that children with Asperger syndrome represent the most subtle and most able end of the autism spectrum because they become independent as adults and display exceptional gifts.

In 2007, created by the United Nations General Assembly, World Autism Awareness Day lands on April 2 every year.