Home » Daily Current Affairs Quiz – 03rd June 2023

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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2023 of 03rd 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) Which of the following company has launched its all-inclusive “Credit on Unified Payments Interface (UPI)” customer solution?

(a) VISA

(b) Kiwi

(d) PayPal

(e) Mastercard

2) Which of the following bank has raised USD 750 million under its USD 10 billion Global Medium Note programme to fund its overseas business growth?

(a) IDFC FIRST Bank

(b) ICICI Bank

(d) Axis Bank

(e) State Bank of India

3) Which bank has signed an agreement with IBM Consulting to design and build a digital banking platform that delivers a modern and highly secure experience to the bank’s customers and partners?

(a) Suryoday Small Finance Bank

(b) ESAF Small Finance Bank

(d) Fincare Small Finance Bank

(e) Utkarsh Small Finance Bank

4) SEBI has cancelled the registration of brokerage firm Karvy Stock Broking Ltd (KSBL) for mis-utilising clients’ funds and securities.SEBI has banned the company and its promoters from the market for ___ years.

(a) 3

(b) 8

(d) 7

(e) 6

5) Recently in June 2023, India approved the world’s largest food storage scheme in the co-operative sector at the cost of______________.

(a) Rs 5 lakh crore

(b) Rs 1 lakh crore

(d) Rs 4 lakh crore

(e) Rs 10 lakh crore

6) India-EU Connectivity Conference has been organised by the Ministry of External Affairs in ______________.

(a) Meghalaya

(b) Assam

(d) Gujarat

(e) Maharashtra

7) The Tele-Law program has achieved a new milestone as it has empowered _______ beneficiaries across the country with pre-litigation advice.

(a) 35 lakhs

(b) 40 lakhs

(d) 50 lakhs

(e) 25 lakhs

8) Which Ministry has celebrated the Prime Minster Street Vendor’s Atma Nirbhar Nidhi (PM SVANidhi) Scheme on its successful completion of 3 momentous years?

(a) Ministry of Rural Development

(b) Ministry of Statistics and Programme Implementation

(d) Ministry of Housing and Urban Affairs

(e) Ministry of Health and Family Welfare

9) Which of the following became the first of all AIIMS to receive National Accreditation Board for Hospitals(NABH) accreditation?

(a) AIIMS Lucknow

(b) AIIMS Chennai

(d) AIIMS Nagpur

(e) AIIMS Madurai

10) Which country has launched an initiative to train ASEAN women in United Nations Peacekeeping operations?

(a) India

(b) Thailand

(d) Indonesia

(e) Malaysia

11) As per the recent(May 2023) report,the Union government proposes to sell up to ____ stake in state-owned coal India through an offer for sale (OFS).

(a) 5%

(b) 3%

(d) 2%

(e) 7%

12) The Chief Minister of Maharashtra Shri Eknath Shinde has announced that the Ahmednagar district in the state will be renamed as ___________.

(a) Ahmad Nagar

(b) Ahimsa Nagar

(d) Ahilya Nagar

(e) Arasan Nagar

13) Recently in June 2023, which state government approved the implementation of the Gender Inclusive Tourism Policy?

(a) Assam

(b) Maharashtra

(d) Haryana

(e) Madhya Pradesh

14) Which organisation has partnered with Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited to collaborate in the development of Renewable Energy Parks and Projects?

(a) HPCL

(b) SAIL

(d) NTPC Green Energy Limited

(e) NHPC Limited

15) NHPC Limited and Vidhyut Utpadan Company Limited signed an MoU for the development of Phukot Karnali Hydro Electric Project (480MW) in__________.

(a) Nepal

(b) Maldives

(d) Bangladesh

(e) Sri Lanka

16) Which company has partnered with GeM portal to offer taxi services to government offices, agencies, PSUs at a fixed price?

(a) Rapido

(b) Ola

(d) MakeMyTrip

(e) Yatra

17) Who has been appointed as the Managing Director (MD) of Solar Energy Corporation of India Limited (SECI)?

(a) Ajay Yadav

(b) T.G.Sitharam

(d) Rajiv Kumar

(e) Dinesh Sharma

18) Which of the following IT company has appointed K. Krithivasanas its new Managing Director (MD) and Chief Executive Officer (CEO)?

(a) TCS

(b) Wipro

(d) HCL

(e) IBM

19) The Union Government has extended the tenure of _________ as the Director General of the Competition Commission of India (CCI) for 3 months.

(a) Atul Verma

(b) Rajiv Ranjan

(d) Mridul Saggar

(e) Rajesh Gopinathan

20) Every year, World Bicycle Day has been celebrated all over the world on which of the following day?

(a) 5 June

(b) 2 June

(d) 3 June

(e) 1 June

Answers :

1) Answer: B

Kiwi, a ground-breaking credit card platform, has launched its all-inclusive “Credit on Unified Payments Interface (UPI)” customer solution.

The solution has been certified by the National Payments Corporation of India (NPCI), making Kiwi the first app in India to provide “Credit on UPI” by issuing Rupay Cards in collaboration with banks.

The launch of this solution is a significant move by Kiwi towards creating one of the most comprehensive direct-to-consumer (D2C) models in the credit market.

The company’s mobile application will allow users to make payments securely using either a credit card or bank account, directly from their phones.

Kiwi has successfully raised $6 million in pre-seed funding from a group of renowned investors, including Nexus Venture Partners, Stellaris Venture Partners, and several angel investors.

2) Answer: E

The country’s largest public sector lender State Bank of India (SBI), raised USD 750 million under its USD 10 billion Global Medium Note programme to fund its overseas business growth.

The fund was raised at INX’s Global Securities Market (GSM), GIFT International Financial Services Centre (IFSC) at Gandhinagar from global investors.

The bonds were issued through SBI’s London Branch to fund offshore business growth and were priced competitively.

This demonstrates strong investor confidence in the country’s largest bank and paves the way for a strong pipeline of foreign currency bond issuances this year.

The listing of the bond issue on INX Gift City emphasises the vision to make Gift City a hub for all international business opportunities including foreign currency fund-raising programs.

3) Answer: C

Equitas Small Finance Bank Limited (SFB) has signed an agreement with IBM Consulting to design and build a digital banking platform that delivers a modern and highly secure experience to the bank’s customers and partners.

Aim :

To boost Equitas’ digital products and services offerings as it evolves its business for a digital-first generation.

Key Highlights :

Equitas is working together with IBM Consulting to adopt a cloud native architecture so that digital channels and applications can securely run across any technology environment.

This will help boost operational efficiency for the bank and enhance adherence to industry regulatory compliance requirements, while enforcing higher levels of security.

IBM Consulting will develop and deploy modern web and admin portals for Retail Banking and Corporate Banking as well as multi-device banking apps for Retail Banking.

4) Answer: D

The market regulator Securities and Exchange Board of India (SEBI) has cancelled the registration of brokerage firm Karvy Stock Broking Ltd (KSBL) for mis-utilising clients’ funds and securities.

SEBI has banned the company and its promoters from the market for 7 years through its order issued on April 28, 2023.

This move has been taken following various violations by the stock broking company, including misappropriation of clients’ securities and diverting the proceeds from pledging them to the stock broker’s associate companies.

Meanwhile, it had also been investigating if the violations by Karvy Stock Broking warranted a suspension or cancellation of the Certification of Registration.

5) Answer: B

The government approved one lakh crore rupees for the world’s largest grain storage scheme in the cooperative sector.

Cabinet meeting has been given the approval to set up an inter-ministerial committee for the “world’s largest grain storage scheme in the cooperative sector.”

It will be implemented in convergence with the Ministry of Agriculture, Ministry of Consumer Affairs, Ministry of Food grains and Public Distribution and Ministry of Food Processing Industries.

To ensure that the scheme will be implemented in a professional and time-bound manner, the Ministry of Cooperation will implement the project on a pilot basis in at least ten districts of different States and Union Territories.

This will give an idea about the various regional requirements of the project so that it can be implemented in a proper manner across the country.

The cabinet also approved the second phase of City Investments to Innovate, Integrate and Sustain for Integrated Urban Management.

6) Answer: A

India-EU Connectivity Conference is being organized by the Ministry of External Affairs, EU Delegation to India and the Asian Confluence on June 1 and 2,2023 in Meghalaya.

The two-day conclave is aimed at promoting investments in the Northeastern states of India and expanding connectivity to neighbouring countries like Nepal, Bhutan and Bangladesh.

The conference will focus on connectivity through three pillars: Digital, Energy and Transport.

The India-EU Connectivity Partnership was launched during the meeting of the leaders of India and the European Union in May 2021.

Meghalaya Chief Minister Conrad San gma and Union Minister of State for External Affairs Dr. Rajkumar Ranjan Singh will inaugurate the Conference.

Senior officials from the Government, European Union Commission, North Eastern States, Nepal, Bhutan and Bangladesh and the private sector are expected to participate in the conference.

7) Answer: B

The Tele-Law program under the Department of Justice, Ministry of Law and Justice has achieved a new milestone as it has empowered 40 lakh beneficiaries across the country with pre-litigation advice.

This program is a kind of e-interface mechanism through which pre-litigation legal advice and consultation can be obtained.

Under this, needy and poor people can get legal help from lawyers through video conferencing and telephone facilities available in Common Service Centers located at Panchayat level.

This service was launched by the Union Ministry of Law and Justice in 2017.

Now it can be availed directly through Tele Law Mobile App.

8) Answer: D

Shri Hardeep S. Puri, Minister for Housing and Urban Affairs and Petroleum and Natural Gas complimented the Prime Minster Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) Scheme on its successful completion of 3 momentous years.

PM SVANidhi Scheme launched on 01 June, 2020, aiming to restore Swarozgar, Svavlamban, and Swabhimaan (Self Employment, Self-Sustenance, and Self-Confidence) within street vendors has become one of the fastest growing micro-credit schemes of the Government of India and has provided its citizens access to credit and linkages to social security schemes.

During the event, a booklet highlighting the noteworthy achievements and initiatives implemented under the PM SVANidhi scheme was released.

The booklet provides insights into the various initiatives and reforms undertaken by the scheme to transform the lives of street vendors and their families throughout the country.

Hardeep S. Puri launched a PM SVANidhi mobile app for street vendors, to ease the loan application process and provide various information to Street Vendors regarding the Scheme.

Moreover, a facility for ‘Udyam’ registration and obtaining ‘Udyam Assist’ certificate for Street Vendors on PM SVANidhi portal was also launched with the help of Ministry of Small and Medium enterprises, MSME, to provide easy access to vendors for obtaining Udyam Registration Certificate for promotion of their business.

9) Answer: D

All India Institute of Medical Sciences (AIIMS) Nagpur has become the first of all AIIMS to receive National Accreditation Board for Hospitals(NABH) accreditation.

The NABH accreditation is a globally recognized standard for healthcare quality.

It assesses the performance of hospitals in various areas including patient care, safety, and organizational efficiency.

IIMS Nagpur achieved this accreditation by demonstrating its commitment to excellence in all areas.

10) Answer: A

In order to strengthen defence cooperation between India and ASEAN (Association of South East Asian Nations), India would launch an initiative on “women in United Nations Peacekeeping (UNPK) operations.”

On the occasion of the 75th United Nations Peacekeepers Day, India, one of the top troop contributors to UNPK, currently has roughly 5,900 troops deployed in 12 U.N. Missions.

On this day in 1948, the first United Nations peacekeeping miss ion, the “UN Truce Supervision Organisation,” commenced operations in Palestine.

One of the efforts under the ‘India-ASEAN Initiative for Women in UNPK Operations is the conduct of tailor-made training at the Centre for United Nations Peacekeeping (CUNPK) in India for women peacekeepers from ASEAN member states.

In total, 20 peacekeepers would be trained, two from each country.

The other is a ‘Table Top Exercise’ for ASEAN women officers combining aspects of UNPK issues, which will be held in December.

India has contributed approximately 2,75,000 troops to peacekeeping missions so far and 159 Indian Army soldiers have lost their lives across the globe.

Indian Army has established a CUNPK in New Delhi to impart training in peacekeeping operations and the Centre trains more than 12,000 troops every year.

India has deployed Female Engagement Teams in United Nations Organization Stabilization Mission in the Democratic Republic of the Congo and United Nations Interim Security Force for Abyei, which is the second largest women contingent after Liberia.

India has also deployed Women Military Police in United Nations Disengagement Observer Force and women staff officers and military observers in various missions.

11) Answer: B

The Union government proposes to sell up to 3% stake in state-owned coal India through an offer for sale (OFS).

OFS is a simpler method of share sale through the exchange platform for listed companies.

The OFS method was brought in by the Securities and Ex change Board of India (SEBI) in 2012 as a simpler one to aid promoters of listed forms to dilute their stake and comply with the minimum public shareholding norms by June 2013.

The method was largely adopted by listed companies, both state-run and private, to adhere to the SEBI order.

The government will offload about 9.24 crore shares, which represents about 1.5% stake through the OFS, and in the case of oversubscription, an additional 1.5% stake will be under sale.

12) Answer: D

The Maharashtra Chief Minister Shri Eknath Shinde announced that the Ahmednagar district in the state will be renamed as ‘Ahilya Nagar’.

The decision has been taken on the occasion of the birth anniversary of Ahilya Bai Holkar, the hereditary noble queen of the Maratha Empire, in early-modern India.

The event was attended by Maharashtra deputy chief minister Devendra Fadnavis, Maharashtra minister Radhakrishna Vikhe Patil and BJP MLA Gopichand Padalkar among others.

Key Highlights :

Renaming of the district will reflect the admiration and respect for Ahilyadevi Holkar’s contributions to Maharashtra.

Ahilyabai Holkar was born in Chaundi village of Ahmedanagar district on 31st May 1725.

13) Answer: B

In order to empower women in the tourism sector, the Maharashtra Cabinet approved the implementation of the Gender Inclusive Tourism Policy called ‘Aai’under the ‘Ajadi Ka Amrit Mahotsav’.

Similarly, approval was also given to start women’s bike-taxi services at some tourist spots in Maharashtra.

The policy will be implemented through the Directorate of Tourism and Maharashtra Tourism Development Corporation in association with the various schemes of all concerned departments.

Key Highlights :

Under this policy, a five-point program will be implemented.

The promotion of women’s entrepreneurship, the creation of infrastructure for women, prioritising the safety of women tourists, customising products for women tourists, and providing discounts to women travellers will be part of this five-point program.

14) Answer: D

NTPC Green Energy Limited (NGEL) and Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) signed a memorandum of Understanding (MoU) in Lucknow with an aim to collaborate in the development of Renewable Energy Parks and Projects and to facilitate in Government of India’s efforts towards energy transition.

The MoU envisages the two organizations to collaborate through setting up of floating and ground mounted Solar Projects in the Rihand reservoir, other water bodies and any available vacant land, development of solar PV Project dedicated for solarization of Ayodhya city and setting up of Renewable energy Parks and Projects wherever land is made available.

NTPC is India’s largest Power Utility, with a total installed capacity of about 72 GW (including JVs and subsidiaries).

15) Answer: A

NHPC Limited (A Govt. of India Enterprise) and Vidhyut Utpadan Company Limited (VUCL), Nepal signed an MoU (Memorandum of Understanding) in New Delhi for the development of Phukot Karnali Hydro Electric Project (480MW) in Nepal.

The MoU was signed in the presence of Prime Minister of India Shri Narendra Modi and Prime Minister of Nepal Shri Pushpa Kamal Dahal ‘Prachanda’ at Hyderabad House in New Delhi.

NHPC Limited, a Schedule ‘A’ Enterprise of the Government of India with ‘MINI RATNA’ status, is a premier PSU in India for the development of hydropower and Vidhyut Utpadan Company Limited (VUCL), Nepal is responsible to develop, build, own and operate large-scale hydropower projects in public-private partnership model in Nepal.

The project will use the flow from the Karnali River for power generation and the generated power will be fed into the integrated power system of Nepal.

The installed capacity of the project shall be 480 MW with average annual generation of about 2448 GWh.

16) Answer: C

Soon personnel from government ministries, departments, agencies and public sector units will be able to book taxis for official purposes from cab aggregator Uber as the company has partnered with public procurement portal GeM to provide the service.

It will be a kind of corporate service.

At present, they have started the service on a pilot basis and gradually it will be available for all the government ministers, departments, agencies and public sector units (PSUs).

The company would provide the service at a fixed price with z ero cancellation charges and no surge pricing.

The company has registered at the portal of the government e-marketplace (GeM), which was launched in 2016 by the commerce ministry for buying goods and services by central ministries and departments with a view to bringing transparency in government procurement.

Cab and taxi services are the second highest category of services at the GeM portal, which are in demand by the government department and ministries.

Among central government ministries, the power ministry was the top buyer in 2022-23 from the platform.

The ministry procured goods and services worth INR 30,572.9 crore.

It was followed by the defence ministry (INR 28,741.2 crore), Ministry of Petroleum and Natural Gas (INR 28,157.2 crore), steel ministry (INR 12,527.3 crore), and Ministry of Health and Family Welfare (INR 7,158.3 crore).

South Korea’s KONEPS is the largest such platform in the world.

Currently, GeM stands at the third position after Singapore’s GeBIZ.

17) Answer: A

The government has appointed Ajay Yadav, a 2005 batch Indian Administrative Service (IAS) officer of the Bihar cadre as the Managing Director (MD) of Solar Energy Corporation of India Ltd. (SECI).

Ajay Yadav succeeded Suman Sharma.

Prior to this appointment, Ajay Yadav served as the Joint Secretary, the Ministry of New Renewable Energy, Government of India (GoI).

18) Answer: A

K.Krithivasan, took charge as the new Managing Director (MD) & Chief Executive Officer (CEO) of the Indian Information Technology (IT) services company, Tata Consultancy Services (TCS).

He Succeeded Rajesh Gopinathan stepped down from the position he assumed in 2017.

The term of his appointment as CEO is for 5 years till February 2027.

Krithivasan is only the fifth CEO of the company in its 55-year history, reflecting the stable management and strong leadership.

19) Answer: A

The government has extended the tenure of Atul Verma as the Director General of the Competition Commission of India (CCI) for 3 months.

The Director General (DG) office is the investigation arm of the fair trade regulator.

20) Answer: D

World Bicycle Day is celebrated all over the globe every year on the 3rd of June to recognize the versatility and uniqueness of the bicycle, as well as its reliability and sustainability as a mode of transportation

In February 2015, The Movement Begun Leszek Sibilski, a sociology professor and cycling and physical education activist, writes a blog post for the World Bank titled, ‘Cycling Is Everyone’s Business.’

In February 2016, World Bicycle Day Gains Momentum.

Professor Sibilski publishes another blog post for the World Bank titled, ‘Why is there no world day for the bicycle?’

In March 2016, Sibilski appeared at Scientists for Cycling and Sibilski spoke at the Scientists for Cycling colloquium in Taipei, Taiwan, and argues for a World Bicycle Day.

On April 12, 2018, Stamp of Approval happened and The United Nations officially designated June 3 as World Bicycle Day.