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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2023 of 03rd May 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) Recently, which of the following bank has launched the digital distribution platform named ‘Smart Saathi’?
(a) Axis Bank
(b) HDFC Bank
(c) ICICI Bank
(d) IndusInd Bank
(e) DBS Bank
2) White Oak Asset Management Company (AMC) has announced the launch of its new fund offer (NFO) named ‘White Oak Capital Multi Asset Allocation Fund’. What is the minimum application amount?
(a) Rs. 100
(b) Rs. 500
(c) Rs. 1000
(d) Rs. 300
(e) Rs. 2000
3) RBI removed restrictions on interest-earning FCA in India’s IFSC. Under the LRS, authorised dealers were allowed to facilitate remittances by resident individuals up to _____________ per financial year.
(a) $ 3,50,000
(b) $ 2,50,000
(c) $ 1,00,000
(d) $ 5,00,000
(e) $ 2,00,000
4) Which of the following Ministry has developed an E-Commerce portal for the handicrafts and handloom sector?
(a) Ministry of Skill Development and Entrepreneurship
(b) Ministry of MSME
(c) Ministry of Corporate Affairs
(d) Ministry of Labour and Employment
(e) Ministry of Textiles
5) Pension regulator PFRDA has set the ball rolling on undertaking a comprehensive review of NPS regulations. When was the National Pension System (NPS) introduced by PFRDA?
(a) 2010
(b) 2008
(c) 2004
(d) 2001
(e) 2012
6) Union Minister Narayan Rane launched the revamped CGTMSE Scheme.CGTMSE has issued guidelines regarding reduction of annual guarantee fee from the high rate of ______ per annum to as low as 0.37 per cent per annum for loans up to Rs 1 crore.
(a) 5 per cent
(b) 2 per cent
(c) 4 per cent
(d) 3 per cent
(e) 1 per cent
7) Which country recently participated in the International Civil Aviation Organisation’s (ICAO) Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) and the Long-Term Aspirational Goals (LTAG) from 2027?
(a) Canada
(b) Argentina
(c) Spain
(d) India
(e) Australia
8) As per the recent (May 2023) report, How many European countries have signed a declaration to transform the North Sea into a green power plant?
(a) 8
(b) 7
(c) 6
(d) 9
(e) 5
9) In which of the following state is India’s first resettlement colony set to be built?
(a) Rajasthan
(b) Odisha
(c) Andhra Pradesh
(d) Karnataka
(e) Punjab
10) The Index of Eight Core Industries increased by ________ in March 2023 as against the Index of March 2022.
(a) 4.3%
(b) 3.6%
(c) 6.7%
(d) 3.9%
(e) 5.6%
11) Chennai Metro Rail Limited won the 2023 Green World Award. Which country has presented the Green World Award?
(a) United States
(b) United Kingdom
(c) Australia
(d) Greenland
(e) Germany
12) Who has been honoured with the Best Actress Awardin a Leading Role in the 68th Hyundai Filmfare Awards held in Mumbai?
(a) Kriti Sanon
(b) Deepika Padukone
(c) Shraddha Kapoor
(d) Alia Bhatt
(e) Sonam Kapoor
13) Who has been appointed as the Managing Director (MD) and Chief Executive Officer (CEO) of Bank of Baroda (BoB)?
(a) Debadatta Chand
(b) Tavengwa Mukuhlani
(c) Mahesh Kumar
(d) Arun Dhumal
(e) Sanjay Gupta
14) Who has been honoured with the Best Actor Award in a Leading Role in the 68th Hyundai Filmfare Awards?
(a) Akshay Kumar
(b) Ajay Devgan
(c) Amitabh Bachchan
(d) Shah Rukh Khan
(e) Rajkummar Rao
15) Which company has appointed Shantanu Roy as its Managing Director (MD) and Chief Executive Officer (CEO)?
(a) NTPC
(b) IOCL
(c) BHEL
(d) BEML
(e) SAIL
16) Rajneesh Karnatak has appointed as the Managing Director (MD) and Chief Executive Officer (CEO) of which bank?
(a) Axis Bank
(b) Bank of India
(c) Union Bank of India
(d) Central Bank of India
(e) State Bank of India
17) Indian Navy’s surface warships will get their ____________indigenously developed anti-drone systems developed by the Defence Research and Development Organisation(DRDO).
(a) Second
(b) First
(c) Third
(d) Fourth
(e) Fifth
18) For the first time, the Indian Army has inducted five women officers into its Regiment of Artillery.Who among the following is not one of five women officers?
(a) Aditi Yadav
(b) Sakshi Dubey
(c) Mehak Saini
(d) Shivani
(e) Akanksha
19) What is the name of the world’s first robotic check-in assistant unveiled by Dubai-based airline Emirates to enhance the customer experience and make the check-in process more seamless and efficient?
(a) Dora
(b) Banu
(c) Sara
(d) Vena
(e) Kala
20) Every year, World Press Freedom Day has been observed on which of the following day?
(a) 2 May
(b) 3 May
(c) 5 May
(d) 4 May
(e) 1 May
Answers :
1) Answer: B
HDFC Bank introduced a Digital Distribution Platform (DDP) – ‘HDFC Bank Smart Saathi’, a state-of-the-art solution which is built on a robust and digitally enabled technology architecture that provides a secure and user-friendly experience to all its users.
This platform will use advanced technology solutions to connect Business Correspondents (BCs) and Business Facilitators (BFs) to the bank.
It was launched in Delhi by Vivek Joshi, secretary, Department of Financial Services, and Smita Bhagat, group head, Government and Institutional Business, Alternate Banking Channels and Partnerships, Inclusive Banking Group and Start-Ups, HDFC Bank.
2) Answer: B
White Oak Asset Management Company (AMC) has announced the launch of its new fund offer (NFO) White Oak Capital Multi Asset Allocation Fund.
The NFO will open for subscription from May 3, 2023 to May 10, 2023 and remain open for 7 days.
The fund invests across asset classes like equity, foreign equities, debt, gold, silver and money market securities.
Key Highlights :
The minimum application amount is Rs. 500 and in multiples of Rs. 1 thereafter.
As it is an open-ended scheme, it will reopen again for buying later.
The systematic investment plan (SIP) amount is Rs. 500 on weekly, fortnightly or monthly basis.
Where one opts for a quarterly mode of SIP payment, the amount is Rs. 1,500 and in multiples of Re. 1 thereafter.
3) Answer: B
In an effort to make India’s International Financial Services Centre (IFSC) more appealing, the Reserve Bank of India (RBI) has allowed individuals to open interest-earning Foreign Currency Accounts (FCA) without restriction.
The RBI also removed the requirement to repatriate funds remaining idle in the FCA account for up to 15 days.
In February 2021, the RBI allowed resident individuals to make remittances under the Liberalised Remittance Scheme (LRS) to IFSCs set up in India.
Key Highlights :
Moreover, only a non-interest-bearing FCA was allowed in IFSCs under LRS.
Any funds lying idle in the account for a period up to 15 days from the date of its receipt were to be immediately transferred back to the domestic account of the investor in India.
Under the LRS, authorised dealers were allowed to facilitate remittances by resident individuals up to $ 250,000 per financial year for any transactions permitted under the law.
This move by the RBI will also help banks at IFSC mobilise liabilities.
It will give them cheaper access to funds and in turn, allow them to lend at more competitive rates.
4) Answer: E
The Ministry of Textiles has developed an E-Commerce portal for the handicrafts and handloom sector.
To provide products from more than 35 Lakh Handloom weavers & 27 Lakh Handicraft artisans directly to the consumers while eliminating the middlemen, the Ministry of Textiles has developed an E-Commerce portal for handicrafts and handloom sector.
Shri Piyush Goyal, Union Minister of Textiles, Consumer Affairs, Food and Public Distribution and Commerce and Industry launched the portal in Gujarat.
It is an authentic Indian handloom & handicraft virtual store where artisans/weavers will be directly connected to the buyers through a common platform.
Diverse variety of authentic sellers can register over this portal, namely, artisans, weavers, producer companies, SHGs cooperative societies etc.
It offers a wide range of products, including clothing, home decor, jewellery, accessories, and more.
5) Answer: C
Pension regulator PFRDA has set the ball rolling on undertaking a comprehensive review of NPS regulations as part of attempts to reduce its compliance burden and simplify norms for various stakeholders.
It has now set up two committees for this comprehensive review, Deepak Mohanty, Chairman, PFRDA.
While one committee is an internal one, the other is an external panel headed by former IBBI Chairman M.S. Sahoo.
The PFRDA move to undertake a comprehensive review of NPS regulations comes in the wake of Finance Minister Nirmala Sitharaman’s announcement in this year’s Budget speech that financial sector regulators will be “requested” to carry out a comprehensive review of existing regulations.
The National Pension System (NPS) is a government-initiated retirement savings programme that aims to provide a pension income to individuals during their retirement years.
It was introduced in 2004 and is regulated by the Pension Fund Regulatory and Development Authority (PFRDA).
NPS is open to all Indian citizens between the ages of 18 and 70 years.
6) Answer: B
Union Minister Narayan Rane launched the revamped CGTMSE Scheme.
In the Union Budget for FY 2023-24, additional corpus support of Rs 9000 crore has been allocated to revamp Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) Scheme.
CGTMSE has issued guidelines regarding reduction of annual guarantee fee from the high rate of 2 per cent per annumto as low as 0.37 per cent per annum for loans up to Rs 1 crore.
It has reduced guarantee fees for loans to bring down the cost of credit.
The limit for guarantee has been increased from ₹2 crore to ₹ 5 crore and the threshold limit for claim settlement without initiation of legal action has been increased to ₹10 lakh.
7) Answer: D
India recently announced that it will start participating in the International Civil Aviation Organisation’s (ICAO) Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) and the Long-Term Aspirational Goals (LTAG) from 2027.
Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) is a global market-based measure designed to offset international aviation CO2 emissions in order to stabilize the levels of such emissions.
Offsetting of CO2 emissions will be achieved through the acquisition and cancellation of emissions units from the global carbon market by aeroplane operators.
8) Answer: D
9 European countries have signed a declaration to transform the North Sea into a green power plant.
The document, endorsed during the second North Sea Summit held in Ostend, Belgium outlines a bold vision that encompasses the generation of a minimum of 120 gigawatts (GW) of offshore wind power within the North Sea region by the year 2030.
This declaration is the successor to the Esbjerg declaration, which resulted from the first summit in Denmark on May 18, 2022.
Objective :
To make the North Sea the largest green energy centre in Europe by accelerating the deployment of offshore wind turbines.
The signatory countries will also double their total offshore wind capacity to at least 300 GW by 2050.
9) Answer: B
India’s first resettlement colony is set to be built in Odisha.
This colony will be set up in Satbhaya in Kendrapada district for the people displaced due to coastal erosion and climate change.
This is the first colony in the nation for the resettlement of people impacted by climate change.
Odisha Chief Minister Shri Naveen Patnaik sanctioned ₹22.5 crore for the colony’s first development phase at Bagapatia.
The sanctioned fund will be utilities for the construction of houses, drinking water, electricity connections, roads and other facilities for the displaced people.
He has also directed the Tourism Department to improve infrastructure and beautify the famous Panchubarahi Shrine which is located in the area and develop it as a major tourist destination.
Due to the impact of climate change, the affected people are being resettled in Baghpatia as the Satbhaya region has been submerged in the sea due to erosion.
10) Answer: B
Index of Eight Core Industries increased by 3.6% in March 2023 as against the Index of March 2022.
The production of coal, fertilizers, steel, natural gas, and refinery products increased in March 2023 over March 2022.
In March 2023, crude oil, power and cement output fell by 2.8%, 1.8% and 0.8% respectively.
However, coal, fertilisers, steel, natural gas and refinery products output recorded growth by 12.2%, 9.7%, 8.8%, 2.8% and 1.5%, respectively.
Government has revised final growth rate of ICI for December 2022 to 8.3% from its provisional level 7.4%.
The cumulative growth rate of ICI during 2022-23 is reported at 7.6% (provisional) in comparison with the corresponding period of last year.
Index of Eight Core Industries (ICI) measures the performance of the production of eight core industries.
These eight core industries are Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement, and Electricity.
11) Answer: B
The Green Organisation of the United Kingdom presented the Green World Award 2023 to Chennai Metro Rail Limited (CMRL).
The award has been presented in a ceremony held in Miami.
The CMRL won Global Silver in the carbon reduction category of the Green World Awards 2023.
The award has been given to CMRL for its initiatives to cut down energy use and carbon emissions.
CMRL is contributing towards improving energy efficiency and water management.
Power Grid Corporation of India won the Gold in the CSR category.
VEDANTA won the Gold in the Environmental Policy & Management category.
Green Organisation recognises, honours, and promotes best practices for the environment all over the world.
The Green Organisation is collaborating with the Incredible Husk International Group (IHIG) in active research and development.
12) Answer: D
Gangubai Kathiawadi and Badhaai Do were among the big winners at the Filmfare Awards 2023.
The 68th Hyundai Filmfare Awards was held at Jio Convention Centre, BKC, Mumbai.
Gangubai Kathiawadi won 10 trophies including some of the biggest awards.
This 68th edition of the exciting Hyundai Filmfare Awards is being organised with Maharashtra Tourism.
Alia Bhatt was honoured with Best Actress Award for her crime-drama film ‘Gangubai Kathiawadi’.
13) Answer: A
The Appointments Committee of the Cabinet (ACC) headed by Prime Minister Shri Narendra Modi has approved the appointment of Debadatta Chand, a native of Odisha, as Managing Director (MD) & Chief Executive Officer (CEO) of Bank of Baroda (BoB).
He will assume the position of MD for a term of 3 years, effective from July 1, 2023, or until further notice.
He will succeed Sanjiv Chadha, the incumbent MD and CEO of BoB, who is set to retire on June 30, 2023.
Currently he is serving as the Bank of Baroda’s (BoB) Executive Director.
14) Answer: E
Gangubai Kathiawadi and Badhaai Do were among the big winners at the Filmfare Awards 2023.
The 68th Hyundai Filmfare Awards was held at Jio Convention Centre, BKC, Mumbai.
Gangubai Kathiawadi won 10 trophies including some of the biggest awards.
This 68th edition of the exciting Hyundai Filmfare Awards is being organised with Maharashtra Tourism.
Alia Bhatt was honoured with Best Actress Award for her crime-drama film ‘Gangubai Kathiawadi’.
List of Winners
Best Actor in a Leading Role (Male): Rajkummar Rao for Badhaai Do
Best Actor in a Leading Role (Female): Alia Bhatt for Gangubai Kathiawadi
Best Actor (Critics’): Sanjay Mishra for Vadh
Best Actress (Critics’): Bhumi Pednekar for Badhaai Do and Tabu for Bhool Bhulaiyaa 2
Best Film: Gangubai Kathiawadi
Best Film (Critics’): Badhaai Do
Best Director: Sanjay Leela Bhansali for Gangubai Kathiawadi.
15) Answer: D
Public enterprises selection board (PESB) has recommended Shantanu Roy for the post of Chairman and Managing Director (CMD) of Bharat Earth Movers Limited (BEML), a Miniratna Public Sector Undertaking (PSU) under the Ministry of Defence (MoD).
Presently, he is serving as Director (Mining & Construction Business) in BEML Limited.
Prior to assuming his present position, he was Executive Director and was responsible for international business division, strategy & new initiatives, coordination and northern region operations.
16) Answer: B
The government has appointed Rajneesh Karnatak as managing director (MD) & Chief Executive Officer (CEO) of the Bank of India (BoI) for a term of 3 years.
He replaced Atanu Kumar Das, whose term came to an end in January 2023.
Prior to this, he was the Executive Director at the Union Bank of India (UBI).
17) Answer: B
Indian Navy’s surface warships will get their first indigenously developed anti-drone systems.
The Naval Anti-Drone System (NADS) which has been developed by Defence Research and Development Organisation with the support of the Indian Navy is being manufactured by Bharat Electronics Limited (BEL).
In 2021, a contract was signed between Indian Navy and Defence PSU BEL for the supply of the indigenous Naval Anti drone system which is expected to provide an effective way to counter the increased threat to the strategic installations of the Indian Navy.
Similar contracts have been signed with the Indian Army and Air Force too.
About NADS :
The drone technology developed in India under the `Atmanirbhar Bharat’ initiative will help the Indian Armed forces in tracking and tackling the fast emerging aerial threats.
These machines use a laser based kill mechanism for destroying the enemy target.
They operate with Radars, Electro-optical/infrared (EO/IR) sensors and radio frequency (RF) detectors.
These help to detect and jam the micro drones.
The RF/global navigation satellite system (GNSS) detects the frequency which is being used by the controller, and then the signals are jammed.
18) Answer: D
For the first time, the Indian Army has inducted five women officers into its Regiment of Artillery.
Out of five, three women officers have been posted to frontline formations along the Line of Actual Control (LAC) with China & the other two in “challenging locations” near the frontier with Pakistan
In January, 2023 Chief of Army Staff Gen Manoj Pande announced the decision of commissioning women officers into artillery units.
Key Highlights :
Lt Mehak Saini, Lt Sakshi Dubey, Lt Aditi Yadav, Lt Pious Mudgil and Lt Akanksha have joined the Army’s artillery units after completing their training.
Lt Saini has been commissioned into a SATA regiment while Lt Dubey and Lt Yadav commissioned into field regiments.
19) Answer: C
Dubai-based airline Emirates has unveiled the world’s first robotic check-in assistant named Sara.
The system is part of a new City Check-in and Travel Store that is set to launch in Dubai’s financial district.
Aim :
To enhance the customer experience and make the check-in process more seamless and efficient.
Key Highlights :
Sara will match customers’ faces with scanned passports, check passengers in, and guide them to the luggage drop area.
The facility allows customers to drop their luggage as early as 24 hours and up to 4 hours before their flight, arriving at the airport at their leisure.
Passengers can check in via self-check-in kiosks, at dedicated desks with Emirates agents, or with the help of Sara.
The robot is equipped with facial recognition technology and can print boarding passes, making the check-in process more efficient.
Sara is also portable and can move around to assist those who need help.
20) Answer: B
World Press Freedom Day is observed every year on May 3.
The United Nations General Assembly(UNGA) has declared May 3 as World Press Freedom Day.
The Theme of World Press Freedom Day 2023 is “Shaping a Future of Rights: Freedom of Expression as a driver for all other human rights”.
This day is observed to raise awareness about the freedom of the press and uphold the rights to the freedom of expression.
On the recommendation of the twenty-sixth session of UNESCO’s General Conference, World Press Freedom Day was proclaimed by the UN General Assembly in December 1993.
May 3 acts as a reminder for the Governments to respect their commitments to press freedom.
This day is a reflection for media professionals on issues of press freedom and professionals.
World Press Freedom Day is a support day for media persons who are involved in press freedom, Journalists, media etc.
