Home » Daily Current Affairs Quiz – 04th February 2023

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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2023 of 04th February 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 country is planning to remove the head of the British royal family from its five-dollar banknote in favour of a design that honours the culture of the country’s Indigenous people?

(a) Australia

(b) Japan

(d) Brazil

(e) USA

2) Which insurance company has launched a ‘Pay as You Drive’ (PAYD) policy to offer a comprehensive motor insurance policy that charges a premium based on the usage of the vehicle?

(a) New India Insurance Company Limited

(b) Universal Sompo General Insurance

(d) Star Health and Allied Insurance Company Limited

(e) Max Life Insurance Company Limited

3) Which bank has announced the establishment of the ‘Rashtrabhasha Samman’to stimulate and promote literary works in Indian languages?

(a) State Bank of India

(b) Bank of Baroda

(d) Axis Bank

(e) ICICI Bank

4) Which of the following company has launched India’s first passive short-term index fund named “CRISIL IBX 50:50 Gilt Plus SDL Short Duration Index Fund”?

(a) Axis Life AMC Limited

(b) Aditya Birla Sun Life Asset Management

(d) Edelweiss Mutual FundLimited

(e) Life Insurance AMC Limited

5) As per the Union Budget 2023 document, the subsidy under the FAME scheme for fiscal 2024 is projected at_________, compared with the revised estimate of Rs 2,897 crore in the current fiscal year.

(a) Rs 4,355 crore

(b) Rs 6,172 crore

(d) Rs 5,172 crore

(e) Rs 7,743 crore

6) Consider the following statement regarding The Union Budget 2023-24. Which of the following statement is correct?

(i) Allocation for the commerce department’s key Remission of Duties and Taxes on Export Products (RoDTEP) scheme has been increased by 10 per cent, from Rs 13,699 crore in 2022-23 to Rs 15,069 crore in the next financial year.

(ii) Rebate of State and Central Taxes and Levies (RoSCTL) — a similar scheme for garments and made-ups — the total outgo from the Centre will be Rs 8,405 crore in 2023-24, up from Rs 7,461 crore.

(iii) The allocation for the interest equalisation scheme has been hiked by nearly a fourth to Rs 2,932 crore in 2023-24 from Rs 2,376 crore in 2022-23.

(a) Only (iii)

(b) Both (i) and (ii)

(d) Both (ii) and (iii)

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

7) Recently, With which country did India sign a deal forthe Initiative on Critical and Emerging Technologies (iCET)?

(a) UAE

(b) Malaysia

(d) US

(e) Mexico

8) As per the recent report, Which of the following country has invited as the focal country at the Madrid International Book Fair in 2025?

(a) India

(b) Switzerland

(d) Bangladesh

(e) Nepal

9) Recently, Which state’s vigilance bureau has been renamed as Anti-Corruption Bureau?

(a) Assam

(b) Gujarat

(d) Haryana

(e) Madhya Pradesh

10) Consider the following statement regarding G20 meeting. Which of the following statement is incorrect?

(i) Ahmadabad hosted the first G20 (Group of Twenty) Education Working Group (EWG).

(ii) As part of the summit, IIT Bombay will organise the ‘Role of Digital Technology in Education’ – a unique initiative under India’s Presidency.

(iii) The EWG will focus on areas to ensure inclusive, equitable, relevant and quality education and lifelong learning opportunities for all, within the theme of “One Earth, One Family, One Future”.

(a) Only (i)

(b) Both (i) and (ii)

(d) Both (ii) and (iii)

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

11) Which state has launched the ‘Aarohini Initiative Training Programme’ for the safety and security of girls in all 746 Kasturba Gandhi Balika Vidyalayas (KGBV)?

(a) Uttar Pradesh

(b) Meghalaya

(d) Gujarat

(e) Karnataka

12) The “Bajrang Setu,” India’s first and Asia’s second cable suspension bridge, will be built at which of the following place?

(a) Indore, Madhya Pradesh

(b) Rishikesh, Uttarakhand

(d) Faridabad, Haryana

(e) Surat, Gujarat

) Which of the following has to be renamed as Mulayam Nagar in memory of Samajwadi Party founder Mulayam Singh?

(a) Aligarh

(b) Firozabad

(d) Auraiya

(e) Bareilly

14) Consider the following statement regarding Vodafone Idea board report. Which of the following statement is incorrect?

(a) The Vodafone Idea board, for the second time, approved a proposal to settle Rs 1,600-crore dues with telecom tower firm ATC Telecom Infrastructure through the issuance of equity convertible debt bonds.

(b) The government has till date not converted the accrued interest of Rs 16,000 crore due to the four-year deferment of AGR and spectrum dues into equity.

(c) If the government was to convert the Rs 16,000 crore accrued interest into equity, it will end up having around 33% stake in the company, while the promoters’ holding will come down from 74.99% to 50%.

(d) Vodafone Idea owes about Rs 3,000 crore to ATC.

(e) The amount, if unpaid in 18 months, would also give ATC an option to convert the dues into equity at a price of Rs 15 per share.

15) As per ISMA data, India’s sugar production rose 3.42 per cent to 19.35 million tonnes in the first four months of the ongoing marketing year ending September. Which is the major sugar producing state in Indiaduring October 2022-January 2023?

(a) Gujarat

(b) Punjab

(d) Maharashtra

(e) Kerala

16) Which of the following has bagged four awards at the WAN-IFRA Digital Media South Asia Awards 2022 for its various products and services?

(a) The Economist Group

(b) ABP Group

(d) Zee Entertainment Enterprises

(e) HT Media

17) As per the recent newspaper report, Who became the first female Prime Minister of Equatorial Guinea?

(a) Sirimavo Bandaranaike

(b) Manuela Roka Botey

(d) Anneli Tuulikki

(e) Magdalena Andersson

18) The Indian military has concluded a 10-day joint training exercise named “_________” in the strategically vital Siliguri corridor, in North Bengal.

(a) Paschim Lehar

(b) Gandiv Vijay

(d) Vijay Prahar

(e) Vayu Shakti

19) Which of the following has developed a major subsystem for a space radar “UnFurlable Reflector Antenna (UFRA)”?

(a) HAL

(b) ISRO

(d) BHEL

(e) NSIL

20) Every year, World Cancer Day is observed on 4 February to raise awareness of cancer and to encourage its prevention, detection, and treatment.What is the multi-year theme for World Cancer Day 2022-2024?

(a) We can I can

(b) I Am and I Will

(d) Close the Care Gap

(e) Cancer Myths – Get the Facts

Answers :

1) Answer: A

Australia plans to drop the head of the British royal family from its five-dollar ($5 banknote in favour of a design that honours the culture of the country’s Indigenous people.

The new note will replace the portrait of the late Queen Elizabeth II with a tribute to the First Australians, rather than an image of King Charles III.

Earlier in Sep 2022, the government had already hinted shortly after the Queen’s death, that it wouldn’t use her son’s image on the new banknote.

The decision followed a consultation with the Federal government.

The other side of the note will continue to feature the Australian Parliament.

Along with Canada, New Zealand and other former colonies of the British Empire, Australia still counts the monarch as its head of state.

Charles IIIis King of the United Kingdom (UK) and the 14 other Commonwealth realms

2) Answer: A

New India Assurance (NIA) has launched a ‘Pay as You Drive’ (PAYD) policy, which offers a comprehensive motor insurance policy that charges a premium based on the usage of the vehicle.

The policy has two components – third-party cover and own-damage cover.

Key features:

Discounts on renewals, coverage beyond distance limit, and enhanced protections such as nil depreciation, roadside help, return to invoice, etc.

For instance, the customer can save money through discounts on renewal premiums, provided the vehicle runs within the specified kilometres.

Recently, the Insurance Regulatory and Development Authority of India (IRDAI) has allowed insurance companies to launch telematics-based motor insurance covers, like PAYD and pay how you drive (PHYD), enabling vehicle owners to decide how much to spend on their car insurance.

3) Answer: B

One of India’s premier public sector banks, Bank of Baroda (BoB), announced the establishment of the ‘Bank of Baroda Rashtrabhasha Samman’.

The Bank launched this award to stimulate and promote literary works in Indian languages.

The use of all Indian languages is crucial in a multilingual country like India since it adds to the nation’s diversity and rich legacy.

About ‘Bank of Baroda Rashtrabhasha Samman’ :

The ‘Bank of Baroda Rashtrabhasha Samman’ aspires to encourage mutual exchange among Indian languages and make the best Indian literature available to the entire audience in Hindi.

The prize promotes literary translation in the country.

This prize will be given to both the original author of the selected literary works and the translator who translated the book from the original regional language into Hindi.

Every year, the original author and translator of the prize-winning book will receive Rs. 21.00 lakh and Rs. 15.00 lakh, respectively, under this award.

4) Answer: D

Edelweiss Mutual Fund has launched India’s first open-ended passive short-duration index scheme, called Edelweiss CRISIL IBX 50:50 Gilt Plus SDL Short Duration Index Fund.

The scheme will invest in a diversified portfolio of Indian Government Bonds (IGBs) and State Development Loans (SDLs).

About Edelweiss Mutual Fund :

Edelweiss Mutual Funds, managed by Edelweiss Asset Management Limited.

Edelweiss Financial Services Ltd. is the parent company which is in control of the entire group of companies.

Managing Director and Chief Executive Officer of Edelweiss AMC : Radhika Gupta

5) Answer: D

Reinforcing its push towards green mobility, the government has nearly doubled its budgetary allocation for the FAME (faster adoption and manufacturing of electric vehicles) scheme to subsidise the purchase of electric vehicles.

As per the budget document, the subsidy under the FAME scheme for fiscal 2024 is projected at Rs 5,172 crore, compared with the revised estimate of Rs 2,897 crore in the current fiscal year.

This is the highest allocation under the scheme since its launch in 2020.

The FAME-2 subsidy accounted for 85% of the total budget allocation for the ministry of heavy industries.

This comes amid reports of alleged wrongful claims by various manufacturers and a government probe.

With provision of subsidy spending of Rs 5,172 crore, the cumulative subsidy spending will reach Rs 9,687 crore between FY20 and FY24.

So far, more than 750,000 vehicle units have been benefited by the FAME-2 scheme.

6) Answer: E

The Union Budget 2023-24 has increased the allocation for some key export-boosting schemes, at a time when tepid external demand from developed economies are weighing on outbound shipments from India.

Allocation for the commerce department’s key Remission of Duties and Taxes on Export Products (RoDTEP) scheme has been increased by 10 per cent, from Rs 13,699 crore in 2022-23 to Rs 15,069 crore in the next financial year.

Rebate of State and Central Taxes and Levies (RoSCTL) — a similar scheme for garments and made-ups — the total outgo from the Centre will be Rs 8,405 crore in 2023-24, up from Rs 7,461 crore.

Both schemes aim to refund to exporters the embedded non-creditable central, state and local levies paid on inputs.

These taxes were not refunded earlier.

The allocation for the interest equalisation scheme has been hiked by nearly a fourth to Rs 2,932 crore in 2023-24 from Rs 2,376 crore in 2022-23.

The scheme provides subsidies for pre- and post-shipment export credit and mostly covers labour-intensive sectors.

Apex body for exporters Federation of Indian Export Organisations (FIEO) said the move will help support exports, particularly by MSMEs.

The increase in allocation may result in increasing the subvention support as demanded by the exporters in view of rising interest rates.

7) Answer: D

National Security Advisor Ajit Doval and his US counterpart Jake Sullivan formally launched the United States (US)-India initiative on Critical and Emerging Technology (iCET) in Washington, US

Key Highlights :

iCET was announced during bilateral talks between Prime Minister (PM) Shri Narendra Modi and US President Mr Joe Biden in Tokyo in 2022 on the sidelines of the Quad Leaders Summit.

Under iCET, the both countries have identified 6 areas of cooperation which would include scientific research and development; quantum and artificial intelligence, defense innovation, space, advanced telecom which would include things like 6G and semiconductors.

8) Answer: A

The Ambassador of Spain to the country Jose Maria Ridao announced that India will be invited as the focal country at the Madrid International Book Fair in 2025.

Spain is the theme country at the 46th International Kolkata Book Fair which will be held from 31st Jan, 2023 to 12th Feb, 2023.

Jose Maria Ridao announced that a football dictionary of Spanish to Bengali will be launched at the Kolkata Book Fair, containing terms and phrases used in the Spanish league.

Kolkata book fair has kicked off at Salt Lake.

More than 950 stalls will be set up at the fair, which has been inaugurated by Chief Minister Mamata Banerjee.

Eminent Bengali writer Shirshendu Mukhopadhyay was felicitated at the inaugural ceremony.

9) Answer: D

The Haryana state vigilance bureau has been renamed as Anti-Corruption Bureau.

The change in name was announced by Chief Minister Manohar Lal Khattar while chairing a meeting with the Deputy Inspectors General of Police (DIGs) and Superintendents of Police (SPs)

In 2022, Haryana’s State Vigilance Bureau had registered 246 corruption cases, the highest annual figure in the past 10 years.

In 2022, Khattar had approved various initiatives of the bureau, including the setting up of a revolving fund to provide “trap money” to people lodging complaints against government officials who demand bribes.

10) Answer: B

Chennai,Tamil Nadu (TN) is all set to host the first G20 (Group of Twenty) Education Working Group (EWG) meeting held at the Indian Institute of Technology (IIT) Madras Research Park.

The Minister of State for Information and Broadcasting, Dr. L. Murugan inaugurated the session.

As part of the summit, IIT Madras will organise the ‘Role of Digital Technology in Education’ – a unique initiative under India’s Presidency.

Aim :

To identify policies for effective use of digital technology in education in the G20 member countries

Key Highlights :

During the two days of deliberations, the EWG will focus on areas to ensure inclusive, equitable, relevant and quality education and lifelong learning opportunities for all, within the theme of “One Earth, One Family, One Future”.

4 key issues have been identified for deliberation in the G20 EWG meet.

11) Answer: A

Chief Minister (CM) of Uttar Pradesh (UP) Yogi Adityanath has launched the ‘Aarohini Initiative Training Programme’ for the safety and security of girls in all 746 Kasturba Gandhi Balika Vidyalayas (KGBV) in UP.

The training will start in Lucknow.

The campaign is being started to make the daughters of the underprivileged section capable and self-reliant.

Aim :

To enable the girls to raise their voice for their rights.

About ‘Aarohini Initiative Training Programme’ :

The Aarohini Initiative, founded in 2011, is a girls’ empowerment and education program rooted firmly in the philosophy that girls and boys must receive an education.

12) Answer: B

Uttarakhand, Asia’s second and country’s first cable suspension bridge “Bajrang Setu” is being constructed at Rishikesh.

The construction of the new bridge would cost Rs 67 crores and all efforts are made to complete it by July 2023.

This bridge is coming up next to the famous 90-year-old Laxman Jhula.

Laxman Jhula has been closed since 2022 when it was found that it wasn’t safe for pedestrians anymore & however, it will not be removed and will be preserved as a heritage.

Note : India’s first-ever cable-stayed rail bridge : Anji Bridge

13) Answer: C

A proposal was made at the District Panchayat Board meeting in Etawah to change the name of Etawah district to Mulayam Nagar in the memory of the Samajwadi Party (SP) founder and former Uttar Pradesh (UP) Chief Minister Mr Mulayam Singh.

About Mr. Mulayam Singh :

He is the founder of the SP, who died in 2022 was a tall socialist leader from Uttar Pradesh.

In his political inning spanning roughly six decades, he served as the Chief Minister of Uttar Pradesh 3-times, and also went on to become the Minister of Defence in the Central government.

The SP leader was a 7-time Lok Sabha member, a 10-time member of the UP legislature and also served as the Leader of Opposition in Legislative Assembly and Council.

Recently, the Union government announced that the Padma Vibhushan (posthumously) would be conferred to the SP founder.

14) Answer: E

The Vodafone Idea board, for the second time, approved a proposal to settle Rs 1,600-crore dues with telecom tower firm ATC Telecom Infrastructure through the issuance of equity convertible debt bonds.

However, this time the board has not said the optionally convertible debentures (OCDs) would be subject to the government having converted the interest from deferment of adjusted gross revenue (AGR) and spectrum dues owed by the company.

It was because of this particular condition by the board in October 2022 that the proposal had lapsed on December 6, 2022.

The government has till date not converted the accrued interest of Rs 16,000 crore due to the four-year deferment of AGR and spectrum dues into equity.

This means that this time around, the company will only need the approval of its shareholders for the proposal to sail through.

If the government was to convert the Rs 16,000 crore accrued interest into equity, it will end up having around 33% stake in the company, while the promoters’ holding will come down from 74.99% to 50%.

However, the government has clearly indicated that the equity conversion will happen only after the promoters have infused money into the company.

Vodafone Idea owes about Rs 3,000 crore to ATC.

In November, the company had first received approval from its shareholders for the issue.

The amount, if unpaid in 18 months, would also give ATC an option to convert the dues into equity at a price of Rs 10 per share.

15) Answer: D

The country’s sugar production rose 3.42 per cent to 19.35 million tonnes in the first four months of the ongoing marketing year ending September, on rise in output in key producing states, industry body Indian Sugar Mills Association (ISMA).

Sugar production stood at 18.71 million tonnes during the October-January period of the previous marketing year.

Sugar marketing year runs from October to September.

India is a major sugar producing country in the world.

Total sugar production, after diversion for ethanol manufacturing, has increased to 19.35 milliontonnes till January of the current marketing year from 18.71 million tonnes in the year-ago period.

Sugar production in Maharashtra, the country’s leading producing state of the sweetener, rose to 73.8 lakh tonnes during October-January of the ongoing marketing year from 72.9 lakh tonnes in the year-ago.

Production in Uttar Pradesh, the country’s second-largest producing state, rose marginally to 51 lakh tonnes as against 50.3 lakh tonnes, while in Karnataka — the country’s third largest producing state, the output rose to 39.4 lakh tonnes as against 38.8 lakh tonnes.

16) Answer: C

The Hindu Group has bagged four awards at the WAN-IFRA Digital Media South Asia Awards 2022 for its various products and services.

TH Newsletters won silver in Best Digital Subscription initiative and The Hindu e-paper bagged gold in Best ePaper concept.

In the Best Use of Short Form Video category, Trending and Current Affairs, The Hindu won gold award.

Moreover, ‘Coimbatore Unlimited- Collaborate, Co-create and Celebrate,’ an event that hosted curated series of panel discussions on Coimbatore won silver award in the Best Native Advertising/Sponsored Content Campaign category.

World Association of News Publishers (WAN-IFRA) recognises outstanding digital media projects delivered by south Asian news publishers.

About 100 entries were received across south Asia for the awards. This was the sixth edition of digital media awards for south Asia.

The Quint, The Hindu, Prothom Alo and TheIndian Express emerged as the award winners.

17) Answer: B

Equatorial Guinea’s President Mr Teodoro Obiang Nguema appointed Ms Manuela Roka Botey, as Prime Minister (PM), of Equatorial Guinea.

She is the first woman to hold the position in the country.

She succeeded former Prime Minister Mr Francisco Pascual Obama Asue, who has held the position since 2016.

Mr Teodoro Obiang has served as the President of Equatorial Guinea since August 1979.

About Manuela Roka Botey :

She served as the Vice-Dean of the Faculty of Letters and Social Sciences at the National University of Equatorial Guinea.

Prior to the appointment as PM, she had been the Minister for National Education, University Education and Sports since August 2020.

Note :

Equatorial Guinea has had only two presidents since independence from Spain in 1968 (1st president – Francisco Macías Nguema & 2nd President – Teodoro Obiang Nguema Mbasogo)

18) Answer: C

The Indian military concluded exercise TrishaktiPrahar – 10-day joint training exercise in the strategically vital Siliguri corridor, in North Bengal.

Aim :

To practise battle preparedness of using the latest weapons and equipment in a networked environment, involving all arms and services of the Indian Army, the Indian Air Force (IAF) and central armed police forces (CAPF).

The fire power exercise was reviewed by Lt Gen R P Kalita, Army Commander, Eastern Command.

19) Answer: C

Electronics and Radar Development Establishment (LRDE), a Bengaluru, Karnataka lab of the Defence Research and Development Organisation (DRDO), has developed an UnFurlable Reflector Antenna (UFRA), major subsystem for a space radar,

The UFRA holds significant potential in the Indian Space Research Organisation (ISRO), & also in the military.

LRDE has developed the UFRA system which consists of a rim truss-based deployable mechanism, primary arm, reflector mesh, tension ties, nets, and motor.

A cable is routed through the diagonal members of the rim truss elements,” adding that one end of the cable is fixed and the other end is pulled by a motor.

LRDE, has been involved in the development of space-borne imaging radar mainly consisting of electronic radar subsystems and antenna deployment mechanisms for installation on satellites

20) Answer: D

World Cancer Day is an international day marked on 4 February to raise awareness of cancer and to encourage its prevention, detection, and treatment.

The multi-year theme for World Cancer Day 2022-2024 is ‘Close the Care Gap’.

So, in order to address cancer-related issues, World Cancer Day is observed on February 4.

The day aims to get various stakeholders like the government, healthcare professionals, and the general public to work on the single goal of reducing cancer at a global level.

‘It focuses more on exposure, engagement, and opportunities to meet the global awareness of Cancer Day

World Cancer Day is led by the Union for International Cancer Control to support the goals of the World Cancer Declaration, written in 2008.

The day first began in the year 2000 at the World Summit Against Cancer for the New Millennium in Paris.