Daily Current Affairs Quiz – 07th February 2023

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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2023 of 07th 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) Securities and Exchange Board of India (SEBI) has strengthened the framework for green bonds by introducing the concept of __________bonds as new modes of sustainable finance.

(a) White

(b) Yellow

(d) Both A and B

(e) Both B and C

2) As per the recent report, Under the Fund of Funds Scheme (FFS) for startups, Rs. 7,980 crore has been committed to _____Alternative Investment Funds (AIFs).

(a) 55

(b) 101

(d) 75

(e) 125

3) Money management platform Fi Money has partnered with which bank to launch its lending services to offer users instant credit?

(a) HDFC Bank

(b) Tamilnad Mercantile Bank

(d) Federal Bank

(e) Karur Vysya Bank

4) Which bank has given the Work Order for RailTel Corporation of India Ltd (RailTel) for providing 4G LTE (Long Term Evolution) connectivity to 15,000 offsite Automated Teller Machines (ATMs) spread across India?

(a) ICICI Bank

(b) Axis Bank

(d) Yes Bank

(e) State Bank of India

5) Which Insurance company has launched its modular health insurance product ‘My Health Care Plan’, an umbrella product for customizable packages?

(a) Bajaj Allianz General Insurance

(b) Axis Insurance

(d) Star Health Insurance

(e) HDFC Insurance

6) The Board of IDFC Limited gave its in-principle approval to infuse ________ into IDFC First Bank, providing growth capital to the lender.

(a) ₹1,200 crore

(b) ₹6,600 crore

(d) ₹4,700 crore

(e) ₹2,200 crore

7) Which of the following bank has provided a loan worth Rs 21,000 crore ($2.6 billion) to Adani Group firms?

(a) Indian Bank

(b) Bank of India

(d) Punjab National bank

(e) Canara Bank

8) In which of the following place the Atal Innovation Mission inaugurated its ACIC-CBIT centre?

(a) Hyderabad, Telangana

(b) Lucknow, Uttar Pradesh

(d) Mumbai, Maharashtra

(e) Visakhapatnam, Andhra Pradesh

9) Recently in February 2023, The Union Government blocked how many apps operated by overseas entities, including Chinese for being involved in betting, gambling and unauthorised loan service?

(a) 185

(b) 146

(d) 111

(e) 264

10) According to energy cargo tracker Vortexa, India imported a record volume of crude oil from Russia in January 2023, accounting for ____% of its total imports.

(a) 32

(b) 16

(d) 25

(e) 31

11) As per the recent report, Which of the following state will be a major beneficiary of the hike in ethanol blending to 20% with petrol in the next two years?

(a) Assam

(b) Bihar

(d) Madhya Pradesh

(e) Rajasthan

12) Uttarakhand Chief Minister Pushkar Singh has inaugurated the de-addiction workshop ‘Mission Drugs Free Devbhoomi’ organised in the district jail of Dehradun.He also announced that the state government will be drug-free by the year______.

(a) 2027

(b) 2024

(d) 2028

(e) 2026

13) Recently, Which state government has launched a water conservation scheme with an outlay of Rs 467.32 crore to provide benefits to farmers in the state?

(a) Chhattisgarh

(b) Odisha

(d) Bihar

(e) Jharkhand

14) Consider the following statement regarding the recent report on taxes. Which of the following statement is incorrect?

(a) The government is examining the different valuation criteria prescribed under two separate laws which could lead to disputes and litigations.

(b) The government has proposed an amendment to the angel tax provision or section 56(2) (vii) of the Income Tax Act in the budget.

(d) The difference is taxed at 30% or more.

(e) All are correct

15) As per the recent newspaper report, Who among the following has been appointed as a member of key US House Committees?

(a) Raja Krishnamoorthi

(b) Ami Bera

(d) Pramila Jayapal

(e) All of the above

16) According to data provided by Tracxn, Which of the following city has topped the startup funding chart in India with $10.8 billion in 2022?

(a) Mumbai

(b) Chennai

(d) Bengaluru

(e) Hyderabad

17) The Indian Space Research Organisation (ISRO) chairman S Somanath announced that the launch of _______ on 10 February 2023.

(a) PSLV 2

(b) SSLV

(d) LSLV 1

(e) MSLV

18) Recently, Parimal Dey passed away at the age of 81. He belongs to which sport?

(a) Hockey

(b) Badminton

(d) Tennis

(e) Football

19) A legendary playback singer Vani Jairam has passed away at the age of 78 in Chennai, Tamil Nadu.How many times did she win the National Film Awards for Best Female Playback Singer?

(a) 2

(b) 4

(d) 3

(e) 5

20) Every year, International Development Week is celebrated on 6th – 12th February.What is the theme for the 2023 International Development Week?

(a) Together for gender equality

(b) Partner for a better world

(d) Support for Development

(e) None of the above

Answers :

1) Answer: E

Markets regulator Securities and Exchange Board of India (SEBI) strengthened the framework for green bonds by introducing the concept of ‘blue’ and ‘yellow’ bonds as new modes of sustainable finance.

Blue bonds relate to water management and the marine sector, while yellow bonds pertain to solar energy.

These are sub-categories of green debt securities.

Key Highlights :

For this, the SEBI amended norms governing the issue and listing of non-convertible securities.

These measures have been taken in the backdrop of increasing interest in sustainable finance in India as well as around the globe, and with a view to align the extant framework for green debt securities with the updated Green Bond Principles (GBP) recognised by IOSCO.

SEBI defines Green Debt Securities as debt securities issued for raising funds that are to be utilised for projects or assets falling under certain categories.

Indian companies raised nearly USD 7 billion through ESG (Environmental, Social and Governance) and green bonds in 2021 compared to USD 1.4 billion in 2020 and USD 4 billion in 2019.

With regard to the period of subscription, SEBI stated that a public issue of debt securities or non-convertible redeemable preference shares would be kept open for a minimum of 3 and a maximum of 10 working days.

2) Answer: C

As on 31st December 2022, under the Fund of Funds Scheme (FFS) for startups, Rs. 7,980 crore has been committed to 99 Alternative Investment Funds (AIFs).

Of this, ₹3,400 crore has been disbursed to 72 AIFs which have, in turn, made investments of ₹14,077 crore in 791 start-ups.

As reported by SIDBI, FFS has played an important role in wealth creation, employment generation, inclusive growth and recognition for startups.

Further, a total of ₹477.25 crore has been approved to 133 incubators under the Startup India Seed Fund Scheme (SISFS) of which ₹211.63 crore has been disbursed as on December 31, 2022.

Key Highlights :

Karnataka, Maharashtra, Delhi, Haryana and Tamil Nadu (TN) are the top 5 states in terms of investments received under the FFS scheme.

Karnataka secured INR 4,687 Cr for 240 startups, Maharashtra bagged INR 3,426 Cr for 176 startups, Delhi received INR 2,254 Cr for 138 startups, Haryana bagged INR 1,148 Cr for 60 startups, and TN received INR 826 Cr investments for 29 startups.

About FFS :

The FFS Scheme was established in 2016 in a move to prop up the Indian start-up ecosystem and enable access to domestic capital.

3) Answer: D

Money management platform Fi Money has launched its lending services to offer users instant credit, in partnership with Federal Bank.

The instant personal loan service will provide borrowers with immediate access to credit through a paperless and pre-approved application process.

The instant loans will be rolled out in a phased manner, with a certain number of users gaining initial access to avail credit from Rs 50,000 up to Rs 5 lakh, followed by a full-scale launch for all users in the coming weeks.

4) Answer: E

RailTel Corporation of India Ltd (RailTel), a Public Sector Undertaking (PSU) under the Ministry of Railways, has received a Work Order from the State Bank of India (SBI) for providing 4G LTE (Long Term Evolution) connectivity to 15,000 offsite Automated Teller Machines (ATMs) spread across India.

The work order, valid for 5 years, is valued at Rs 253.35 crore (excluding taxes).

What is LTE?

LTE is a fourth-generation (4G) wireless standard that provides increased network capacity and speed for cellphones and other cellular devices compared with third-generation (3G) technology.

5) Answer: A

Bajaj Allianz General Insurance announced the launch of its modular health insurance product ‘My Health Care Plan’, an umbrella product for customizable packages.

About ‘My Health Care Plan’:

My Health Care Plan offers Sum Insured (SI) options up to Rs 5 crore.

The policy is offered on an individual and floater basis with a policy term of 1 year, 2 years, or 3 years.

The plan also consists of mandatory coverages like in-patient hospitalisation expenses, pre- and post-hospitalisation expenses, modern treatment methods and advancement in technologies, organ donor expenses, ayurvedic and homeopathic hospitalisation cover, maternity package expenses, and airlift cover, among others.

The policy also offers three optional covers – loss of income cover, major illness and accident multiplier covers, and international cover.

6) Answer: E

The board of IDFC Limited gave its in-principle approval to infuse ₹2,200 crore into IDFC First Bank, providing growth capital to the lender.

The capital infusion will take IDFC’s shareholding in the bank to up to 40% from the existing 36.38%.

IDFC Ltd and IDFC Financial Holding have begun the process of merger with IDFC First Bank.

Further, the IDFC board has declared a special interim dividend of Rs 11 per share, due to which the Government of India (GoI), the largest shareholder in IDFC, would receive a payout of Rs 287 crore.

In December 2021, the boards of IDFC, IDFC Financial Holding Company and IDFC First Bank had accorded in-principle approval to merge IDFC and IDFC Financial Holding with IDFC First Bank.

7) Answer: C

Country’s largest public lender State Bank of India (SBI) has given loans of as much as Rs 21,000 crore ($2.6 billion) to Adani Group firms.

SBI’s exposure includes $200 million from its overseas units.

The Reserve Bank of India (RBI) had asked lenders for details of their exposure to the conglomerate following a rout in group companies’ stock prices.

The exposure by various financiers to companies controlled by Gautam Adani has come under increasing scrutiny after their shares plunged following a scathing report from US-based Hindenburg Research.

State-run Punjab National Bank’s exposure to Adani companies was 70 billion rupees.

Private sector IDFC First Bank Ltd stated in an exchange filing that the funded outstanding exposure to the Adani Group was less than 0.1% of its total loans.

Meanwhile, IndusInd Bank Ltd with a loan book of 29 trillion rupees stated its exposure to the conglomerate accounted for 0.5% of its loan book.

8) Answer: A

Dr Chintan Vaishnav, Mission Director, Atal Innovation Mission, NITI Aayog inaugurated the ACIC-CBIT centre in Hyderabad,Telangana.

The AIM team visited the centre to understand the different lab setups, technology and infrastructure for incubatees.

Along with the inauguration of the centre, ACIC-CBIT hosted the first Startup 20X event in the form of talks from four startup founders working in different areas ranging from infrastructural development, millet manufacturing, mental health and upskilling rural innovators.

These startups are working to bring about change for the betterment of the community and the nation at large.

ACIC-CBIT has been established with the aim to build a community innovation and entrepreneurship ecosystem to nurture innovators and startups in unserved and underserved regions.

ACIC believes in and mandates the creation of a strong community innovation ecosystem to include expert mentors; access to infrastructural support such as maker space; funding facilitation; building capacities through training and mentoring.

ACIC CBIT focuses on Health-tech, Smart Engineering Products Renewable Energy & Environmental Sustainability.

It has supported 37 innovators out of which 12 are female-led startups.

9) Answer: C

The government has blocked 232 apps operated by overseas entities, including Chinese for being involved in betting, gambling and unauthorised loan service.

Ministry of Electronics and IT (MeitY) has issued orders to block these apps following the Ministry of Home Affairs instructions.

The order to block 138 apps that were involved in betting, gambling and money laundering were issued.

Separately, an order to block 94 apps engaged in unauthorised loan service has also been issued.

These apps were being operated by offshore entities, including Chinese.

They were posing a threat to the economic stability of the country

The official did not disclose the name of the apps that have been blocked.

An official query sent to MeitY did not elicit any immediate response.

10) Answer: C

According to energy cargo tracker Vortexa, India imported a record volume of crude oil from Russia in January,2023 accounting for 28% of its total imports.

In January,2023 India received 1.27 million barrels per day (mbd) of Russian crude, 6% more than in December, while China received 0.98 mbd of seaborne Russian crude and Europe 0.27 mbd.

Key Highlights :

Russia remained the top crude supplier to India for the fourth month in a row in January, improving its market share from 26% in December.

Iraq, Saudi Arabia and the UAE also expanded their share in a month by one percentage point each to 20%, 17%, and 8%, respectively.

11) Answer: C

Uttar Pradesh (UP) will be a major beneficiary of the hike in ethanol blending to 20% with petrol in the next two years.

Key Highlights :

The total number of distilleries in the state is 75 with a total production capacity of 249.49 crore litres per annum.

The total number of ethanol-producing distilleries is 55 with a production capacity of 166.17 crore litres per annum.

Establishment of 17 new distillery units is underway and expected to be commissioned in the next two years.

The UP has become the largest producer of ethanol in the country with 10% blending, the highest among all the states.

The UP government is promoting ethanol production under the Ethanol Augmentation Scheme of Government of India and is on path of becoming the largest ethanol supplier of the country.

12) Answer: C

Uttarakhand Chief Minister (CM) Shri Pushkar Singh announced that the state government will be drug-free by the year 2025.

He inaugurated the de-addiction workshop ‘Mission Drugs Free Devbhoomi’ organised in the district jail of Dehradun.

He stated that it is our resolution that by 2025 not even a single person of Devbhoomi should be addicted to drugs.

For the accomplishment of this resolution, the government, society, youth, Non Governmental Organisations (NGOs), celebrities, successful people and various social-educational institutions will have to come forward and work together.

He also announced that the name of the Prisons Department would be changed to “Prison Administration and Correctional Service”.

Awareness regarding drug-freeness will also be brought in all the prisons of the state.

The Uttarakhand government will celebrate its Silver jubilee of the establishment in 2025.

13) Answer: E

Jharkhand Agriculture Minister Shri Badal Patralekh launched a water conservation scheme with an outlay of Rs 467.32 crore to provide benefits to farmers in Jharkhand that experienced drought in 2022.

Under the ‘Water Conservation Scheme’, 2,133 ponds will be renovated and 2,795 percolation tanks will be constructed in all blocks of 24 districts of Jharkhand

He also laid the foundation for the renovation work of 71 ponds and 184 percolation tanks.

What is a percolation tank?

A percolation tank is an artificially created surface water body to recharge groundwater storage.

14) Answer: D

The government is examining the different valuation criteria prescribed under two separate laws which could lead to disputes and litigations.

Such overseas investment is valued differently under the Foreign Exchange Management Act (FEMA) and the Income Tax Act.

The government has proposed an amendment to the angel tax provision or section 56(2) (vii) of the Income Tax Act in the budget.

The angel tax is levied when an unlisted company issue shares at a price that exceeds the fair market value.

The difference is taxed at 20% or more.

The government has now proposed to bring foreign investors under the ambit of the angel tax which hitherto applied to Indian residents and funds not registered as Alternative Investment Funds (AIFs)

About FEMA:

The Foreign Exchange Management Act, 1999, is an Act of the Parliament of India “to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India

15) Answer: E

Four Indian-American lawmakers– Raja Krishnamoorthi, Pramila Jayapal, Ami Bera and Ro Khanna have been appointed as members of key US House Committees, reflecting the growing influence of the community in American politics.

Indian-American US Representative Pramila Jayapal has been named Ranking Member of the House Judiciary Committee’s Subcommittee on Immigration Integrity, Security, and Enforcement, making her the first immigrant to serve in a leadership role for the subcommittee.

She is the first South Asian woman elected to the U.S. House of Representatives.

She represents the 7th Congressional District of Washington State and succeeds Congresswoman Zoe Lofgren.

The Subcommittee on Immigration Integrity, Security, and Enforcement will be chaired by Tom McClintock.

Indian-American Congressman Ami Bera was appointed as a member of the influential US House Permanent Select Committee on Intelligence for the 118th Congress.

Raja Krishnamoorthi has been made a member of the House Select Committee on Strategic Competition between the United States and the Chinese Communist Party (CCP).

Indian-American Congressman Ro Khanna has been also selected as a member of this newly created committee.

16) Answer: D

Bengaluru topped the startup funding chart in India with $10.8 billion in 2022, followed by Mumbai at $3.9 billion, and Gurugram at a distant $2.6 billion.

Startups based in Delhi and Chennai registered $1.2 billion each in funding, followed by Pune at $1 billion, according to data provided by Tracxn, a leading global market intelligence platform.

In 2021, Bengaluru-based startups had raised $20.8 billion in funding and Mumbai-based startups had pocketed $5.2 billion in the same year, showing the impact of the deepening funding winter last year.

There were 22 unicorns in 2022, compared to 46 in 2021, and average funding before the unicorn round was around $160 million.

It is now taking an average of 5.1 years from Series A funding to the Unicorn round for the Indian startups.

The months of April, October and November in 2022 saw no new unicorns.

A total of 11 tech IPOs were launched in 2022, matching the number from the same period in 2021.

Some of the major IPOs are Delhivery, Tracxn, eMudhra, among others.

LetsVenture, AngelList, and Y Combinator have topped the list of most active investors in 2022 to date.

Despite the impact on funding in edtech, Byju’s has topped the list of highest funding raised in 2022.

17) Answer: B

The Indian Space Research Organisation (ISRO) chairman S Somanath stated that, will make a fresh attempt to accurately launch the Small Satellite Launch Vehicle (SSLV) on February 10, 2023 around 5 months after the maiden venture saw the rocket place its payloads on an incorrect orbit.

The first developmental flight of the Small Satellite Launch Vehicle (SSLV) lifted off from Satish Dhawan Space Centre (SDSC) on 7th August 2022.

But the mission failed after the rocket placed its payload two satellites in an elliptical circuit instead of a circular one.

The launch vehicle was carrying EOS-02 (earth observation satellite) and AzaadiSAT, a miniature satellite (referred to as a cubesat) designed by girls across India to mark the country’s 75th year of Independence.

18) Answer: E

Former Indian National Team footballer Parimal Dey passed away at the age of 81.

About Parimal Dey :

Parimal Dey was born on May 4, 1941, West Bengal.

At the domestic level, he fondly called Jangla had the honour of winning the Santosh Trophy twice in 1962, 1969.

He made 5 appearances for India and scored a goal in the country’s bronze medal finish in the 1966 edition of the Merdeka Cup in Kuala Lumpur, Malaysia & that was also his only goal for India.

He holds the distinction of winning the Calcutta Football League and IFA Shield double thrice in 1966, 1970, and 1973.

He also won the Durand Cup (1967, 1970), and Rovers Cup (1967, 1969, 1973)

Having played as a forward for East Bengal, he netted 84 goals and also captained the club in 1968.

Awards &Honors :

He received the lifetime achievement award from East Bengal in 2014.

Dey was conferred with the Banga Bhushan title by the West Bengal government in 2019.

19) Answer: D

A legendary playback singer & Padma Bhushan awardee Vani Jairam passed away at the age of 78 in Chennai, Tamil Nadu (TN).

About Vani Jairam :

Vani Jairam born on November 30, 1945 in Vellore, TN.

She started her career as a singer in 1971 & she recorded her first Telugu song for the film ‘Abhimanavanthulu’ (1973).

In a career span of five decades, she sang over 10,000 songs in 19 languages including Telugu, Tamil, Kannada, Malayalam, Hindi, Bengali etc.

Her blockbuster and notable songs include Ennenno Janmala Bandham, Malar Pol Sirippathu Pathinaaru, Or Idam Unnidam, Ezhu Swarangalukkul, Naane Naana, Poojalu Cheya among many others.

Awards &Honors :

Vani won the National Film Awards for Best Female Playback Singer three times in 1975, 1980 and 1991.

She also has won State Government awards from the states of Odisha, Andhra Pradesh, Tamil Nadu and Gujarat.

On January 25,2023 Vani was bestowed with the Padma Bhushan, the third-highest civilian award of the country by the Government of India, for her over 50 years of dedication to Indian music.

20) Answer: C

International Development Week is celebrated on 6th – 12th February every year.

The theme of International Development Week 2023 is ‘Go for the goals’ which refers to the United Nation’s 17 Sustainable Development Goals.

The aim of International Development Week (IDW) is to draw attention to international development and shine a spotlight on the important contributions that Canadians are making through partnerships around the world.

International Development Week is a national event promoted by the Canadian International Development Agency (CIDA).

The Agency is concentrating more and more of its bilateral (country to country) aid in a group of 20 countries of focus.

International Development Week was initiated in 1990 by the Canadian International Development Agency (CIDA).

CIDA was established in 1968 to administer the bulk of Canada’s official development assistance (ODA) program.

CIDA works in concert with its development partners, fragile states and countries in crisis, countries of focus, and the Canadian population and institutions.

The first event of IDW was held in 1998.

2 years ago

Daily Current Affairs Quiz – 07th February 2023

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