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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2023 of 05th & 06th March 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) Consider the following statement regarding the Reserve Bank of India (RBI) report. Which of the following statement is incorrect?
(a) According to the data from RBI, significant offtake from retail and non-banking financial companies (NBFCs) increased credit to services by 21.5% year-on-year (YoY) in Jan 2023 as against 5.7% in Jan 2022.
(b) Loans to NBFCs grew by 41% in Jan 2023 as against 8.9% in Jan 2022.
(c) Credit to households and individuals, reflecting the fund flow to the retail segment, has been robust, showing 20.4% YoY growth in Jan 2023, up from the 12.8% in Jan 2022.
(d) Banks gave over Rs 1 trillion for purchasing vehicles in 12 months, leading to 25.5% YoY growth in loans in Jan 2023 as against 9.6% YoY growth in Jan 2022.
(e) The credit growth of medium industries moderated to 18.1% in Jan 2023 as against 52.4% in Jan 2022.
2) Which bank and Federal Bank have partnered with the association of microfinance institutions (MFIs) Sa-Dhan and Delhi-based fintech solutions provider NextGen to encourage feature phone users to use UPI123Pay to make digital payments?
(a) IDFC FIRST Bank
(b) Kotak Mahindra Bank
(c) Equitas Small Finance Bank
(d) YES Bank
(e) AU Small Finance Bank
3) The Reserve Bank of India (RBI) has imposed a penalty of over ₹3.06 crore on which company for non-compliance with certain provisions related to Prepaid Payment Instruments (PPIs) and Know Your Customer (KYC) direction?
(a) Google India
(b) Amazon Pay India
(c) DBS Bank
(d) Paytm
(e) Flipkart
4) Recently, New India Assurance became the second company to offer surety insurance bonds. Which is the first company to offer surety insurance bonds?
(a) Bajaj Allianz General Insurance
(b) Muthoot Finance
(c) Cholamandalam Investment and Finance
(d) Mahindra Finance
(e) Tata CapitalGeneral Insurance
5) The government has approved the procurement from Hindustan Aeronautics Limited (HAL) at a cost of over 6,828 crore rupees. How many HTT-40 Basic Trainer Aircraft will be supplied over six years?
(a) 65
(b) 70
(c) 82
(d) 55
(e) 48
6) As per the recent report, The government has collected more than _________ crore rupees in GST revenue in February 2023.
(a) 1.51 lakh
(b) 1.49 lakh
(c) 1.60 lakh
(d) 1.55 lakh
(e) 1.63 lakh
7) As per the recent report, Indian automaker Tata Motors has launched its first vehicle scrapping facility in_____________.
(a) Rampur, Uttar Pradesh
(b) Pune, Maharashtra
(c) Noida, Uttar Pradesh
(d) Jaipur, Rajasthan
(e) Jamnagar, Gujarat
8) Who among the following has won the PEN America award for lifetime achievement in literature?
(a) Prashant Jhaveri
(b) Vinod Kumar Shukla
(c) Pawan Prajapati
(d) Raj Shrivastava
(e) P Udayakumar
9) Which of the following country has won the award for implementing best practices in telecom policy and regulation?
(a) Canada
(b) USA
(c) India
(d) Spain
(e) UK
10) As per the Institute for Energy Economics and Financial Analysis (IEEFA) report, Which state has topped in adopting clean energy transition?
(a) Odisha
(b) Sikkim
(c) Haryana
(d) Maharashtra
(e) Karnataka
11) According to the UK-based Brand Finance report,What is the rank of Reliance Jio in a list of the top 10 strongest telecom brands in the world?
(a) 6th
(b) 4th
(c) 3rd
(d) 5th
(e) 2nd
12) Recently in March 2023, Which of the following state government signed an MoU with UNEP for implementing the urban cooling program?
(a) Maharashtra
(b) Tamil Nadu
(c) New Delhi
(d) Madhya Pradesh
(e) Haryana
13) Who has been honoured with the Player-of-the-Year award by the Asian Chess Federation (ACF) for clinching the gold medal in the 44th Chess Olympiadat Mahabalipuram 2022?
(a) Sankalp Gupta
(b) Bharath Subramaniyam
(c) Rahul Srivatshav
(d) D Gukesh
(e) Arjun Kalyan
14) The first meeting of the G20 Anti-Corruption Working Group (ACWG) meeting has organised in ______________.
(a) Mumbai, Maharashtra
(b) Dahej, Gujarat
(c) Chennai, Tamil Nadu
(d) Gurugram, Haryana
(e) Hyderabad, Telangana
15) Jishnu Barua has been appointed as the Chairperson of the Central Electricity Regulatory Commission (CERC). He was the former Chief Secretary of ____________.
(a) Assam
(b) Bihar
(c) Karnataka
(d) Tamil Nadu
(e) Manipur
16) A Senior Indian Police Service (IPS) officer Ms. Rashmi Shukla has been appointed as the Director-General of the Sashastra Seema Bal (SSB). Whom did she replace?
(a) A Manimekhalai
(b) Geetanjali
(c) Vijaya Kumari
(d) Asha Parekh
(e) Anish Dayal Singh
17) Which bank has completed the acquisition of Citibank’s India consumer business and non-banking financial company (NBFC) consumer business?
(a) HDFC Bank
(b) State Bank of India
(c) Bank of Baroda
(d) Axis Bank
(e) ICICI Bank
18) Softbank has sold 3.85% of its stake in Gurgaon- based logistics firm Delhivery for Rs 954 crore through open market transactions.The soft bank is based in which country?
(a) China
(b) Japan
(c) France
(d) Russia
(e) South Korea
19) Recently, The Indian Air Force (IAF) is participating in Exercise “Shinyuu Maitri” with the ________Air Self-Defence Force (JASDF).
(a) USA
(b) South Korea
(c) Japan
(d) Vietnam
(e) France
20) Former Chief Justice of India (CJI) Aziz Mushabber Ahmadi passed away at the age of 90 in New Delhi, India.He was appointed as the _______ Chief Justice of India (1994-1997).
(a) 22nd
(b) 31st
(c) 24th
(d) 26th
(e) 19th
Answers :
1) Answer: B
According to the data from the Reserve Bank of India (RBI), significant offtake from retail and non-banking financial companies (NBFCs) increased credit to services by 21.5% year-on-year (YoY) in Jan 2023 as against 5.7% in Jan 2022.
RBI data showed loans to retail increased 21.8% Year on Year (YoY) in Jan 2023, up from 6.9% in Jan 2022.
Loans to NBFCs grew by 31% in Jan 2023 as against 9.9% in Jan 2022.
NBFCs lend in segments like retail; micro, small, and medium enterprises; and farming, besides giving microloans.
Key Highlights :
Credit to households and individuals, reflecting the fund flow to the retail segment, has been robust, showing 20.4% YoY growth in Jan 2023, up from the 12.8% in Jan 2022.
Housing loans grew 15.4% YoY in Jan 2023 against 12.8% in Jan 2022.
The home-loan portfolio of banks stood at Rs 18.88 trillion in Jan 2023, up from Rs 16.36 trillion in Jan 2022.
Banks gave over Rs 1 trillion for purchasing vehicles in 12 months, leading to 25.5% YoY growth in loans in Jan 2023 as against 9.6% YoY growth in Jan 2022.
Credit to industry registered a growth rate of 8.7% in Jan 2023 as compared with 5.9% in Jan 2022.
Size-wise, credit to large industries grew by 6.5% in Jan 2023 as compared with 0.2% in Jan 2022.
The credit growth of medium industries moderated to 18.1% in Jan 2023 as against 52.4% in Jan 2022.
Credit to micro and small industries registered a growth rate of 15.2% in January 2023 (23.3% in Jan 2022).
Credit growth to agriculture and allied activities improved to 14.4% in Jan 2023 from 10.4% in Jan 2022.
2) Answer: A
Private sector lenders IDFC First Bank Limited and the Federal Bank Ltd partnered with the association of microfinance institutions (MFIs) Sa-Dhan and Delhi-based fintech solutions provider NextGen to encourage feature phone users to use UPI123Pay to make digital payments.
In 2022, the RBI, in collaboration with the National Payments Corporation of India (NPCI), launched the Unified Payment Interface (UPI) for feature phone users known as UPI123Pay.
RBI Governor Shri Shaktikanta Das also launched a 24×7 helpline for digital payments – DigiSaathi.
3) Answer: B
The Reserve Bank of India (RBI) has imposed a penalty of over ₹3.06 crore on Amazon Pay (India) Private Limited for non-compliance with certain provisions related to Prepaid Payment Instruments (PPIs) and Know Your Customer (KYC) direction.
The penalty has been imposed under Section 30 of the Payment and Settlement Systems Act, 2007.
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the entity with its customers
4) Answer: A
New India Assurance, the largest non-life insurance company in the country, announced the launch of its surety insurance bond business.
The state-run company became the second insurer to offer such bonds in the country.
In December 2022 Union highways minister Nitin Gadkari launched India’s first surety bond insurance for infrastructure projects by the private sector player Bajaj Allianz General Insurance.
The Insurance Regulatory and Development Authority of India (IRDAI) permitted general insurers to issue Surety Insurance Bonds from April 2022.
5) Answer: B
The government has approved the procurement from Hindustan Aeronautics Limited (HAL) at a cost of over 6,828 crore rupees.
70 HTT-40 Basic Trainer Aircraft will be supplied over six years.
The aircraft will help in meeting the shortage of basic trainer aircraft of IAF for the training of newly inducted pilots.
HTT-40 is a turboprop aircraft.
It is designed to have good low-speed handling qualities.
The government has also approved the contract with Larsen and Toubro Limited for the acquisition of three cadet training ships.
These cadet training ships will be acquired at an overall cost of 3,108 crore rupees.
Their delivery is scheduled to begin in the year 2026.
6) Answer: B
The government collected more than 1.49 lakh crore rupees in GST revenue in February 2023.
GST revenue collection recorded 12% growth in February against the same period of the previous financial year.
Monthly GST revenue collection is higher than one lakh 40 thousand crore rupees for 12 straight months in a row.
According to the Finance Ministry, the highest GST revenue (22 thousand 349 crore rupees) was collected from Maharashtra.
Maharashtra was followed by Karnataka.
In Karnataka, over ten thousand crore rupees were collected as GST revenue.
The highest cess collection of over 11,931 crore rupees was recorded in February 2023 since the implementation of GST in the country.
Meghalaya was the only State to report a contraction in revenues.
Andhra Pradesh’s revenues jumped 39%.
7) Answer: D
Indian automaker Tata Motors launched its first vehicle scrapping facility in Jaipur, Rajasthan.
The registered facility Re.Wi.Re (Recycle with Respect) has a capacity of 15,000 vehicles per annum and offers eco-friendly prices for dismantling end-of-life vehicles.
The facility will be available for passenger and commercial vehicles and is developed and operated by Tata Motors’ partner Ganganagar Vaahan Udyog Pvt Ltd.
Further, the facility is digitalized for hassle-free, paperless operations and has dedicated stations for the safe dismantling of components such as tyres, batteries, fuel, oils, liquids, and gases.
8) Answer: B
Vinod Kumar Shukla, at 87, has won the PEN America award for lifetime achievement in literature, one of the most coveted literary prizes worldwide, after decades of composing acclaimed novels like Naukar Ki Kameez (1979) and poetry collections like Sab Kuch Hona Bacha Rahega (1992).
About Vinod Kumar Shukla
Shukla, whose works incorporate magic-realist elements and have won the Sahitya Akademi award and the Atta Galatta–Bangalore Literature Festival Book Prize, was born on January 1, 1937, in Rajnandgaon, Chhattisgarh.
His first published work was a poetry collection Lagbhag Jai Hind (1971), followed by Vah Aadmi Chala Gaya Naya Garam Coat Pehankar Vichar Ki Tarah (1981). Naukar Ki Kameez was his first novel, adapted into a 1999 Hindi film by Mani Kaul.
9) Answer: C
India has won the award for implementing best practices in telecom policy and regulation.
The Minister for Communications, Electronics & IT and Railways, Ashwini Vaishnaw said “GSMA Award represents global recognition of the telecom reforms carried out by PM Modi.”
He said Right of Way (RoW) permissions which used to take more than 230 days, now get approval within 8 days.
Over 85% of mobile tower clearances are now instantaneous.
He said the Indian telecom sector has emerged as a sunrise sector. The Sunrise sector is a sector with the potential for rapid growth.
GSMA recognizes one country every year.
India was announced the winner in the ceremony held at Mobile World Congress Barcelona (Spain) on 27 February 2023.
10) Answer: E
Karnataka and Gujarat are the top states in adopting clean energy transition.
Institute for Energy Economics and Financial Analysis (IEEFA) has published a joint report.
As per the report, in the clean energy adoption, Karnataka and Gujarat have made maximum progress.
West Bengal, Bihar, and UP are lagging far behind in the adoption of clean energy.
These states have to increase their renewable energy generation potential.
Rajasthan and Tamil Nadu have to improve the readiness of their power ecosystems for a clean electricity transition.
11) Answer: E
Reliance Jio has climbed up to number two rank up from fifth place last year in a list of the top 10 strongest telecom brands in the world.
The list is by UK-based Brand Finance, a leading brand valuation company, and part of its latest global report on the world’s 150 most valuable telecom brands for 2023.
The rankings are based on a Brand Strength Index score which looks at various metrics that include evaluating marketing investment, stakeholder equity, and business performance.
Reliance Jio is behind only Swisscom and ahead of Etisalat, MTC, and Singtel.
Last year, it was fifth in the pecking order, behind Etisalat (in the top slot) Swisscom, PLDT, and MTN.
In 2021, Jio hit the top spot but lost it in 2022.
12) Answer: B
Tamil Nadu and UNEP signed MoU for implementing the urban cooling program.
The MoU was signed between Atul Bagai, Country Head of UNEP, and Supriya Sahu, Environment Secretary of the Tamil Nadu government.
The signing of the MoU between Tamil Nadu and UNEP will address the quickly rising demand for cooling in cities of Tamil Nadu.
The collaboration will support the implementation of initiatives to adapt and counteract rising heat.
UNEP will work with various departments of the state to create comprehensive action plans like increasing green coverage in cities, building efficiency measures, improving the urban design, etc.
Tamil Nadu government had set up the first of its kind SPV in India-Tamil Nadu Green Climate Company- that guides three key missions- Green Tamil Nadu Mission, Tamil Nadu Wetland Mission, and Tamil Nadu Climate Change Mission.
Tamil Nadu government announced to set up Tamil Nadu Green Climate Fund with a fund size of ₹1,000 crores.
13) Answer: D
Indian Grandmaster D Gukesh has been honoured with the Player-of-the-Year award by the Asian Chess Federation (ACF) for clinching the gold medal with a record-breaking score of 9/11 in the 44th Chess Olympiad at Mahabalipuram last year.
In March last year, Gukesh became only the sixth Indian to break the 2700 Elo-rating mark, and the youngest Grandmaster from the country to be rated above 2700.
The All India Chess Federation (AICF) bagged the ‘Most Active Federation’ award conferred during the ACF annual summit.
14) Answer: D
The first meeting of the G20 Anti-Corruption Working Group (ACWG) meeting is being organized in Gurugram, Haryana, India.
The ACWG was joined by over 90 delegates from 20 member countries, 10 Invitee countries, and 9 International Organizations.
Aim:
To strengthen International Anti-corruption mechanisms
G 20 ACWG meetings have one Chair (Presidency country) and one co-chair country.
It is under India’s chairmanship, and Italy is the co-chair country.
15) Answer: A
The government has appointed Mr. Jishnu Barua, former Assam chief secretary, as chairperson of the Central Electricity Regulatory Commission (CERC).
Union Power Minister Shri RK Singh administered the oath of office and secrecy to Jishnu Baruah.
Mr. Barua will succeed Mr. PK Pujari, whose extended tenure in the Commission got over in June 2022.
The CERC was without a chief for nearly 8 months.
About Mr Jishnu Barua :
Mr. Barua, a 1988-batch IAS officer of the Assam-Meghalaya cadre
He was the Chief Secretary of Assam from October 2020 to August 2022.
Earlier, he was the Additional Chief Secretary of Assam looking after various departments of the state from August 2017 to October 2020.
He held the charge of Chairperson of Assam Power Distribution Company Ltd.
16) Answer: E
A Senior Indian Police Service (IPS) officer Ms. Rashmi Shukla has been appointed as the Director-General of the Sashastra Seema Bal (SSB).
She will be replacing Mr. Anish Dayal Singh.
The Appointments Committee (ACC) of the Cabinet has approved Shukla’s appointment as the Director General, SSB, till June 30, 2024, the date of her superannuation.
About Ms Rashmi Shukla :
Ms. Rashmi Shukla, a 1988 batch IPS officer of the Maharashtra cadre, was posted with the Central Reserve Police (CRPF).
17) Answer: D
Private sector lender Axis Bank has completed the acquisition of Citibank’s India consumer business and non-banking financial company (NBFC) consumer business.
The cash consideration for the acquisition stands at ₹11,603 cr (USD 1.4 billion).
Axis Bank is the 4th-largest issuer of credit cards with a total base of 8.6 million cards and the deal will add about 2.5 million credit cardholders, making it one of the top three card businesses in the country.
Citi’s retail book is nearly Rs 68,000 crore, of which retail loans account for Rs 28,000 crore.
With 1.2 million bank accounts, the total India business contributes 1.5% in profit to the lender’s global book.
18) Answer: B
Japanese conglomerate Softbank divested 3.85% or 2.8 crore shares of its stake in Gurgaon- based logistics firm Delhivery for Rs 954 crore through open market transactions.
SoftBank is the largest public stakeholder in the logistics company, holding an 18.42% stake as of December 31, 2022, through its entity SVF Doorbell (Cayman) Ltd. Softbank acquired over 22% stake in the company in October 2018.
On February 22, 2023, New York-based investment firm Tiger Global sold 1.23 crore shares of Delhivery to raise Rs 414 crore.
Tiger Global held a 4.68% stake in the company on December 31, 2022.
19) Answer: C
The Indian Air Force (IAF) is participating in Exercise Shinyuu Maitri with the Japan Air Self-Defence Force (JASDF).
The exercise will enhance mutual understanding and interoperability between the two air forces.
About Exercise Shinyuu Maitri :
It is a bilateral military exercise between IAF and JASDF.
The exercise is being organized on the sidelines of the Indo-Japan Joint Army Exercise, Dharma Guardian.
Participants :
The IAF contingent is participating in the exercise with one C-17 Globemaster III
Meanwhile, the JASDF is participating in the exercise with C-2 transport aircraft.
The first phase of the exercise consists of discussions on transport operations and tactical manoeuvering, followed by the second phase of flying drills by IAF’s C-17 and JASDF C-2 transport aircraft
20) Answer: D
Former Chief Justice of India (CJI) Aziz Mushabber Ahmadi passed away at the age of 90 in New Delhi, Delhi, India.
About Aziz Mushabber Ahmadi :
Judge Ahmadi was born in Surat, Bombay Presidency, British India (Now in Maharashtra) in 1932.
He was appointed as the Judge of the Supreme Court of India in December 1988.
He was appointed as the 26th chief justice of India (1994-1997).
Justice Ahmadi, the third Muslim ever to serve as CJI, demitted office on March 24, 1997, after Mohammad Hidayatullah (1968-1970) & Mirza Hameedullah Beg (1977-1978)