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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2023 of 06th 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) As per the recent report, the gross Goods and Service Tax (GST) revenue collection is the highest ever at _____________ for April 2023.
(a) Rs 1.66 lakh crore
(b) Rs 1.87 lakh crore
(c) Rs 1.76 lakh crore
(d) Rs 1.73 lakh crore
(e) Rs 1.82 lakh crore
2) Which of the following bank has partnered with India Shelter Finance Corporation Ltd to offer MSME Loans?
(a) HDFC Bank
(b) YES Bank
(c) Bank of Baroda
(d) Axis Bank
(e) ICICI Bank
3) Which Small Finance Bank has partnered with Dvara Smart Gold to offer gold loans with a seamless online and offline experience to customers?
(a) Suryoday Small Finance Bank
(b) ESAF Small Finance Bank
(c) Equitas Small Finance Bank
(d) Jana Small Finance Bank
(e) Utkarsh Small Finance Bank
4) Which organization has announced the Innovative Finance Facility for Climate in Asia and the Pacific (IF-CAP) program to accelerate climate change financing in the region?
(a) NDB
(b) ADB
(c) World Bank
(d) AIIB
(e) IMF
5) Recently, which bank has introduced an e-BG (Electronic Bank Guarantee) facility for its customers in partnership with National E-Governance Service Limited (NeSL)?
(a) South Indian Bank
(b) YES Bank
(c) ICICI Bank
(d) Federal Bank
(e) HDFC Bank
6) The Life Insurance Corporation of India (LIC) has introduced the Group Post Retirement Medical Benefit Scheme.The plan is available for any employer with _____ or more employees.
(a) 30
(b) 25
(c) 10
(d) 50
(e) 100
7) What is the new deadline extended for the Smart Cities Mission by the Union Government?
(a) December 2023
(b) August 2024
(c) April 2024
(d) June 2024
(e) December 2025
8) As per the RBI report, by which year India’s cost of adapting to climate change need to be at $1 trillion?
(a) 2029
(b) 2027
(c) 2030
(d) 2035
(e) 2047
9) According to the ‘Internet in India Report 2022’,India likely to have 900 million active internet users by __________.
(a) 2041
(b) 2030
(c) 2047
(d) 2027
(e) 2025
10) Which of the following country is set to launch its own heat index next year to quantify heat hazard, generate impact-based heatwave alerts for specific locations?
(a) India
(b) Mexico
(c) USA
(d) China
(e) Egypt
11) Which state government has recently started Other Backward Class surveyin both online and offline mode in the state?
(a) Odisha
(b) Sikkim
(c) Haryana
(d) Maharashtra
(e) Karnataka
12) Niloofar Hamedi, Elaheh Mohammadi and Narges Mohammadi have been named as the laureates of the 2023 UNESCO/Guillermo Cano World Press Freedom Prize. Which country does they belong?
(a) Iran
(b) Italy
(c) Mongolia
(d) Israel
(e) Australia
13) Who has been awarded the title of Shatabdi Purush (Man of the Century) in recognition of his efforts as a socialist leader?
(a) Prashant Jhaveri
(b) Manoj Kumar
(c) Pawan Prajapati
(d) Raj Shrivastava
(e) Pandit Ramkishan
14) What is the rank of India in the World Press Freedom Index 2023, as per the report released by Reporters Without Borders (RSF)?
(a) 145
(b) 133
(c) 158
(d) 161
(e) 173
15) Which of the following state has ranked the most “innovative” statein the National Manufacturing Innovation Survey (NMIS) 2021-22?
(a) Uttarakhand
(b) Haryana
(c) Gujarat
(d) Maharashtra
(e) Karnataka
16) Which of the following became the first district in India to be declared ODF (open defecation-free) Plus?
(a) Indore, Madhya Pradesh
(b) Wayanad, Kerala
(c) Bhubaneswar, Odisha
(d) Mumbai, Maharashtra
(e) Bengaluru, Karnataka
17) Which company has exclusively listed its recently issued Green bonds worth $750 million at GIFT IFSC Stock Exchanges?
(a) SAIL
(b) BHEL
(c) REC Limited
(d) NTPC Limited
(e) GAIL
18) As per the recent newspaper report, Ajay Banga has been appointed as the __ President of World Bank.
(a) 11th
(b) 23rd
(c) 14th
(d) 17th
(e) 15th
19) The Union Minister of Defence, Rajnath Singh handed over Fast Patrol Vessel & a Landing Craft Assault ship to ___________.
(a) Argentina
(b) Oman
(c) UAE
(d) Maldives
(e) Norway
20) Luca Brecel has won his first-ever world title after beating Mark Selby in the World Championship. Luca Brecel belongs to which country?
(a) France
(b) Canada
(c) Belgium
(d) Germany
(e) New Zealand
Answers :
1) Answer: B
The gross Goods and Service Tax (GST) revenue collection is the highest ever at Rs 1,87,035 crore for April 2023.
It includes Central Goods and Services Tax (CGST) Rs 38,440 crore, State Goods and Services Tax (SGST) Rs 47,412 crore, Integrated Goods and Services Tax (IGST) Rs 89,158 crore (including Rs 34,972 crore collected on import of goods) and Cess Rs 12,025 crore (Rs 901 crore collected on import of goods).
Key Highlights :
The government has settled ₹45,864 crore to CGST and ₹37,959 crore to SGST from IGST.
The total revenue of the Centre and the States in the month of April 2023 after regular settlement is ₹84,304 crore for CGST and ₹85,371 crore for the SGST.
The revenue for April 2023 is 12% higher than the GST revenue for the same month the previous year.
2) Answer: D
Axis Bank, India’s third largest private sector Bank and India Shelter Finance Corporation Ltd (India Shelter), a Gurgaon based Housing Finance Company, announced a strategic partnership under the co-lending model.
With this partnership, both lenders will be offering Secured Ministry of Micro, Small and Medium Enterprises (MSME) loans to middle and low income segment borrowers based in the semi-urban regions.
The partnership will leverage the deep financial expertise of Axis Bank and the strong loan processing technology of IndiaShelter to assess the borrower’s credit profile and offer them loans at optimal interest rates, ensuring a seamless banking experience.
3) Answer: D
DvaraSmartGold, a Fintech company that is building a full stack financial services offering, anchored around gold as an asset class, announced a strategic partnership with Jana Small Finance Bank (SFB) to offer gold loans with a seamless online and offline experience to customers.
Initially, this offering is available across Tamil Nadu, Chattisgarh and Maharashtra region.
Aim :
To attract customers away from the traditional, unregulated channels dominated by moneylenders and pawnbrokers.
Key Highlights :
Under this partnership, DvaraSmartGold, which is a fintech and a portfolio company of Dvara Holdings (formerly Dvara Trust), will provide gold loans to its customers with Jana SFB as the lending provider.
4) Answer: B
The Asian Development Bank (ADB) has announced the Innovative Finance Facility for Climate in Asia and the Pacific (IF-CAP) program to accelerate climate change financing in the region.
IF-CAP’s initial partners are Denmark, Japan, the Republic of Korea, Sweden, the United Kingdom, and the United States.
IF-CAP financing will contribute to ADB’s ambition for $100 billion from its resources for combating climate change for 2019–2030.
ADB is committed to achieving inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty.
IF-CAP’s initial ambition of $3 billion in guarantees could create up to $15 billion in new climate investment.
It will contribute to ADB’s raised ambition of $100 billion in climate finance for 2019-2030.
5) Answer: A
The South Indian Bank has introduced an e-BG (Electronic Bank Guarantee) facility for its customers in partnership with National E-Governance Service Limited (NeSL).
It facilitates API-based paperless issues of bank guarantees, thereby reducing the need for physical documentation and record maintenance.
South Indian Bank issued its First e-BG favouring a leading Public Sector Unit in April, 2023 for an amount of Rs.4.57 crore through NeSL.
About the new facility :
The facility replaces the existing manual and paper-based model of issuing Bank Guarantees.
Paper-based BGs involve manual intervention for stamping, signing and transferring the physical BGs while e-BGs are stamped electronically, eliminating the need for purchasing of physical stamp paper, printing the documents and physical signatures.
6) Answer: D
The Life Insurance Corporation of India (LIC) has introduced the Group Post Retirement Medical Benefit Scheme.
The plan is a Non-Linked, Non-Participating, Life, Group Savings Insurance product.
The plan is available for any employer with 50 or more employees.
The plan helps to meet the employer’s obligation for Post-Retirement Medical Benefit to their employees.
The plan also offers a fixed Life Cover Benefit (Sum Assured) to each member.
Any employer willing to fund for their Employees’ Benefit may adopt the scheme.
The product is an addition to the bouquet of LIC’s eleven Group products and one Group Accident Benefit Rider.
7) Answer: D
The Centre has decided to extend the Smart Cities Mission deadline by one year, from June 2023 to June 2024.
The flagship mission was launched on June 25, 2015
It involves the development of 100 cities into smart cities.
The project aims to improve the quality of life for people living in India and drive economic growth.
The Union Ministry of Urban Development is responsible for implementing the mission.
Also, a Special Purpose Vehicle (SPV) in each state is created, headed by the CEO; they look after the implementation of the mission.
According to the officials, out of 100 cities, around 50 have completed close to 75 per cent of their projects and are on track to complete the remaining works by June 2023.
The ministry said that the government has released around Rs 38,000 crore to 100 cities.
8) Answer: C
India needs to spend an estimated Rs. 85.6 lakh crores ($1.05 trillion) by 2030 to adapt its various industries to be compliant with climate change norms, a report by the Reserve Bank of India.
Report theme: Towards a Greener Cleaner India
The report is written by contributors from the Department of Economic and Policy Research.
India’s goal of achieving the net zero target by 2070 would require an accelerated reduction in the energy intensity of GDP by about 5% annually and a significant improvement in its energy mix in favour of renewables to about 80% by 2070-71.
The green financing requirements in India could be at least 5% of GDP annually to address the infrastructure gap caused by climate events.
Results of a climate stress test reveal that public sector banks (PSBs) may be more vulnerable than private sector banks.
9) Answer: E
As many as 759 million Indians, around 52 per cent of the country, access the internet at least once a month but a digital divide continues among states.
The number of active internet users in the country grew by almost 10 per cent in 2022, according to the ‘Internet in India Report 2022’, jointly prepared by the Internet and Mobile Association of India (IAMAI) and KANTAR.
This is the first time that a majority of Indians have become active internet users.
The report estimates that India is likely to have around 900 million total active users by 2025.
In urban India, internet penetration stands near 71 per cent and the number of active users there grew some 6 per cent in 2022.
In rural India, internet penetration jumped around 14 per cent over the previous year.
Currently, 399 million active internet users are in rural India and 360 million are from urban India.
It is estimated that 56 per cent of all new internet users will be from rural India by 2025.
The report also highlights a gender disparity in internet usage: 54 per cent of users are male.
However, it added that 57 per cent of all new users in 2022 were females.
Around 65 per cent of all new users to be added by 2025 will likely be women.
10) Answer: A
India to launch its own heat index next year to quantify heat hazard, generate impact-based heatwave alerts for specific locations.
Heat index is a measure of how hot it feels when humidity is factored in along with the air temperature, and the figures were calculated using data from the India Meteorological Department (IMD).
It is also known as the apparent temperature.
Along with temperature and humidity, it will integrate other parameters such as wind and duration of exposure.
It will be an effective indicator of heat stress for people.
11) Answer: A
The survey of the other backward classes (OBCs) was started across Odisha.
The survey is being conducted by the Odisha State Commission for Backward Classes in both online and offline mode and will continue till May 27, 2023.
Aim :
To get a clear picture about the status of Socially and Educationally Backward Classes (SEBC).
It is being carried out in all 314 blocks and 114 urban local bodies of Odisha.
Odisha is the second state after Bihar to conduct OBC survey.
Key Highlights :
The survey comprises various indicators of backwardness such as occupation, educational qualification, type of educational institutions attended by members of the households, and educational conditions of the backwardness in Odisha.
12) Answer: A
NiloofarHamedi, Elaheh Mohammadi and Narges Mohammadi have been named as the laureates of the 2023 UNESCO/Guillermo Cano World Press Freedom Prize, following the recommendation of an International Jury of media professionals.
The winners are NiloufarHamedi who broke the news that 22-year-old MahsaAmini died last September while being held by the morality police for wearing her headscarf too loosely, and Elaheh Mohammadi who wrote about her funeral.
The third winner is Narges Mohammadi, who has worked for many years as a journalist and is one of Iran’s most prominen t activists.
The UN Educational Scientific and Cultural Organization World Press Freedom Prize is named for Guillermo Cano, a Colombian journalism who was assassinated in front of the offices of his newspaper El Espectador in Bogota on Dec. 17, 1986.
Unesco has awarded the prize to coincide with World Press Freedom Day on May 3 since 1997.
13) Answer: E
Former Lok Sabha MP Pandit Ramkishan was awarded the title of Shatabdi Purush (Man of the Century) in New Delhi, in recognition of his efforts as a socialist leader.
Appreciation letter was issued on birth centenary celebrations of socialist ideologue and eminent parliamentarian Madhu Limaye.
Ramkishan was arrested several times while fighting for the tribals, Dalits and the poor.
He had mobilised farmers and farm labourers in Rajasthan’s Bharatpur-Banswara region during 1958-60 at the request of socialist icon Dr Ram Manohar Lohia.
Ramkishan was imprisoned numerous times, including during the Emergency, and had also actively participated in the movements led by socialist leaders Jayaprakash Narayan and Lohia.
In 1977, he was elected once to the Lok Sabha, and four times to the Rajasthan Legislative Assembly in 1962, 1967, 1974 and 1990.
14) Answer: D
According to the latest report released by global media watchdog RSF, India’s rank has slipped to 161 out of 180 countries in the 2023 World Press Freedom Index. India has fallen 11 positions in the World Press Freedom Index 2023.
The 21st edition of the World Press Freedom Index was released by Reporters Without Borders (RSF).
In this index, the rank of India was 150 in 2022 and 142 in 2021.
In comparison, Pakistan has fared better in terms of media freedom as it improved from last year’s 157th rank to 150th.
In this index, Sri Lanka has also made a significant improvement, ranking 135 this year as compared to 146 in 2022.
The Nordic trio of Norway, Ireland and Denmark continue to hold the top three positions in press freedom index.
Vietnam, China and North Korea ranked in the bottom three.
15) Answer: E
The National Manufacturing Innovation Survey (NMIS) 2021-22 has ranked Karnataka as the most “innovative” State.
It is a joint study by the Department of Science and Technology (DST) and the United Nations Industrial Development Organization (UNIDO)
It captured data related to types of innovations and innovative measures taken by firms, including the process of innovation, access to finance, resources, and information for innovation etc.
The first National Innovation Survey was held in 2011.
In Overall Karnataka was followed by Dadra and Nagar Haveli, Daman and Diu, Telangana, and Tamil Nadu.
DST ranked Karnataka, followed by Telangana, Tamil Nadu, Maharashtra, and Haryana as high innovation states.
Uttarakhand has the highest score among the hill states, while Dadra and Nagar Haveli and Daman and Diu has the highest score among the UTs.
According to the report, which has carried out its survey across over 8,000 firms in 28 states and 6 Union Territories (UTs), covering manufacturing and related service sector and MSMEs, found that there is a need to increase innovation in manufacturing.
The report states that only 25.01 per cent of the 8,074 firms surveyed were considered innovative.
Telangana, Karnataka, and Tamil Nadu had the highest share of innovative firms at 46.18 per cent, 39.10 per cent and 31.90 per cent, respectively, among the total manufacturing firms surveyed from the respective states.
Odisha, Bihar, and Jharkhand reported the least share of innovative firms at 12.78 per cent, 13.47 per cent and 13.71 per cent, respectively.
16) Answer: B
Wayanad, Kerala has become the first district in the country to be declared ODF (open defecation-free) Plus.
ODF stands for Open Defecation Free.
The ODF programme is part of the Swachh Bharat Mission, which was launched on October 2, 2014, by the Indian government to achieve cleanliness and sanitation across the country.
The Wayanad district secured the first position in the ODF Plus rankings in the three-star category followed by Anupur in Madya Pradesh and Mancheriyal district in Telangana.
Wayanad scored a perfect 100 points in the ODF ranking, while Mancheriyal and Anupur got 90.45 and 88.79 points, respectively.
17) Answer: C
REC Limited, a Maharatna power finance company has exclusively listed its recently issued Green bonds worth $750 million at GIFT IFSC Stock Exchanges, under its Global Medium Term Programme of $7 billion.
The Green bond issuance by REC Limited reinforces its status as one of the most accomplished and frequent issuers in the international capital markets.
It also marks the first Green Bond issuance by an Indian company post-India’s G20 Presidency.
18) Answer: C
An India-American and a former Mastercard Chief Executive Officer (CEO), Ajay Banga has been appointed as the 14th president of World Bank.
His term, which begins on June 2,2023 will last for the next 5 years.
A 25-member executive board confirmed Banga for the post after following a selection process agreed by shareholders in 2011.
24 members of the World Bank’s executive board voted in Banga’s election & Russia abstained from voting.
He is the first-ever Indian-American and Sikh-American to head either of the two top international financial institutions: the International Monetary Fund and the World Bank.
He will replace David Malpass, who is stepping down early amid criticism over his stance on climate change.
19) Answer: D
India’s Defence Minister Shri Rajnath Singh handed over two ‘Made in India’ platforms, a Fast Patrol Vessel and a Landing Craft Assault ship, to the Maldives National Defence Forces (MNDF).
He described the handing over of the two Made in India platforms as a symbol of the shared commitment of India and the Maldives towards peace and security in the Indian Ocean Region (IOR).
The Fast Patrol Vessel, capable of coastal and offshore surveillance at high speeds, was commissioned as the MNDF Coast Guard ship Huravee.
President of Maldives Mr Ibrahim Mohamed Solih and Defence Minister Ms Mariya Ahmed Didi were present on the occasion.
20) Answer: C
Luca Brecel (Belgium) has won his first-ever world title after beating Mark Selby 18-15 in an enthralling World Championship finale at the Crucible.
Brecel, 28, was made to wait for his crowning moment, with Selby staging a superb fightback after his opponent moved to within two frames of victory.
Brecel, 28, is just the fourth non-British winner at the Crucible and the first overseas player to triumph since Neil Robertson in 2010.