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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2023 of 07th October 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) Which Bank tagline was “We Make You Feel Richer”?
(a) IDBI
(b) IDFC First
(c) IndusInd
(d) HDFC
(e) Dhanalaxmi
2) The Bank for International Settlements (BIS) and the central banks of France, Singapore and which country completed the CBDC project, Mariana?
(a) Canada
(b) Switzerland
(c) Germany
(d) Australia
(e) USA
3) RBI is making it easier for cardholders to choose the right network provider for their debit, credit, and prepaid cards. How many card networks are there in India right now?
(a) 4
(b) 5
(c) 6
(d) 7
(e) 3
4) The Ministry of Finance has issued guidelines on angel tax valuation for startup investments. What is the percentage of tolerance for deviations from established share valuations?
(a) 9%
(b) 10%
(c) 7%
(d) 11%
(e) 13%
5) WDRA and Bank of India signed an MoU to provide low-interest loans to farmers in the warehousing sector. When was the WDRA Act first enabled?
(a) 2005
(b) 2007
(c) 2009
(d) 2011
(e) 2003
6) The 9th G20 P20 Summit in New Delhi. Which G20 country president also attended the summit?
(a) Australia
(b) Brazil
(c) Africa
(d) USA
(e) China
7) REC Introduces “Sugam REC”, a new mobile application under which category Bonds Investors?
(a) 53EC
(b) 54EC
(c) 52EC
(d) 55EC
(e) 58EC
8) Nitin Gadkari has given the go-ahead for two projects worth Rs. 154.25 crore in the Una area and Kangra area in Himachal Pradesh. These projects are being funded from the central road and infrastructure fund. The two bridges will be built on the Swan River and which river?
(a) Chenab
(b) Sutlej
(c) Beas
(d) Ravi
(e) Yamuna
9) The Malaysian deputy prime minister is opening the IREDA pavilion at the ASEAN Summit called “AtoZero”. What does “A” stand for in “AtoZero”?
(a) Approval
(b) Accelerate
(c) Advance
(d) Admired
(e) Ability
10) The Rome Statute seeks to create an international forum for the resolution of the most serious crimes and the promotion of justice. How many countries have signed the Rome statute so far?
(a) 121
(b) 122
(c) 123
(d) 125
(e) 127
11) B R Ambedkar Statue Set to Be Unveiled in India as North America’s Largest Statue Outside Maryland Stands. How High is Ambedkar Statue?
(a) 18 feet
(b) 19 feet
(c) 17 feet
(d) 16 feet
(e) 15 feet
12) In Uttar Pradesh’s Solar Energy Policy 2022, the goal is to install how many MW of solar rooftop plants as possible in residential and commercial buildings?
(a) 4000
(b) 5000
(c) 6000
(d) 8000
(e) 9000
13) Who is the chairman of Larsen & Toubro?
(a) S.M. Subrahmanyan
(b) K.M. Subrahmanyan
(c) V.M. Subrahmanyan
(d) S.N. Subrahmanyan
(e) S.V. Subrahmanyan
14) Vice Admiral Tarun Sobti assumed charge as Deputy Chief of Naval Staff. When was he commissioned into the Indian Navy?
(a) 1985
(b) 1988
(c) 1986
(d) 1982
(e) 1989
15) The ICC has named Sachin Tendulkar as the ambassador for the 2023 ICC Cricket World Cup. How many teams will be playing in the different stadiums?
(a) 10
(b) 12
(c) 8
(d) 14
(e) 16
16) P.R. Seshadri is the Managing Director and Chief Executive Officer of South Indian Bank (SIB). Before joining SIB, he held a similar position at which Bank?
(a) Axis Bank
(b) HDFC
(c) KVB
(d) DBS
(e) ICICI
17) The Indian Army and the Bangladesh Army have begun the joint military exercise SAMPRITI-XI. Which state did the validation exercise take place in?
(a) Meghalaya
(b) Assam
(c) Gujarat
(d) Sikkim
(e) Delhi
18) In 2023, the Nobel Peace Prize went to an imprisoned Iranian activist named Narges Mohammadi. Mohammadi is currently serving several sentences in the Evin prison in Tehran. How many years she has been in jail?
(a) 10
(b) 12
(c) 14
(d) 8
(e) 16
19) The Automotive Research Association of India (ARAI) is an autonomous body under which ministry?
(a) Heavy Industries
(b) Jal Sakthi
(c) Housing Ministry
(d) Home Affairs
(e) Civil Aviation
20) The Indian women’s recurve Archery team achieved a bronze medal in the competition after defeating which nation?
(a) South Korea
(b) Vietnam
(c) Thailand
(d) China
(e) Mongolia
21) When was First World Cotton Day celebrated?
(a) 2018
(b) 2015
(c) 2019
(d) 2016
(e) 2020
22) What is India’s ranking in terms of medals at the Asian Games? 2023
(a) 3
(b) 4
(c) 5
(d) 6
(e) 2
23) Which card is the most popular, secure, and well-known card payment system in India?
(a) Visa
(b) Master
(c) Rupay
(d) Maestro
(e) Virtual
24) In order to strengthen the supply chain, which country and India will work together to find ways to get raw materials?
(a) Italy
(b) Iran
(c) Bangladesh
(d) Nepal
(e) UAE
25) Where is the Bakihra Wildlife Sanctuary located?
(a) Madhya Pradesh
(b) Uttar Pradesh
(c) Arunachal Pradesh
(d) Andhra Pradesh
(e) West Bengal
Answers :
1) Answer: C
IndusInd Bank has launched ‘INDIE’, a mobile banking app designed for customers seeking a personalised digital banking experience. ‘INDIE’ utilises analytics to offer tailored financial insights. It offers an instant line of credit of up to ₹5 lakh, providing flexibility compared to standard personal loans. Additionally, the app has a transparent rewards program, allowing customers to select preferred brands from leading e-commerce platforms and earn rewards of up to 3% per ₹100 spent.About IndusInd Bank :Founded : April 1994 Headquarters : Mumbai, Maharashtra, India MD & CEO : Sumant Kathpalia. Tagline : We Make You Feel Richer
2) Answer: B
The Bank for International Settlements (BIS) and the central banks of France, Singapore, and Switzerland announced the completion of a CBDC (central bank digital currency) initiative called Project Mariana. The project focused on testing cross-border trading and settlement of wholesale central bank digital currencies (wCBDCs) among financial institutions. It incorporated concepts from Decentralized Finance (DeFi) technology, which utilizes cryptocurrency and blockchain to create an open, transparent, and permissionless financial ecosystem without central authority control
3) Answer: B
Under the proposed rule, card issuers will be required to issue cards across more than one card network. Further, card issuers shall provide an option to their eligible customers to choose any one among the multiple card networks. This option may be exercised by customers either at the time of issue or at any subsequent time. Presently, there are 5 card networks operating in India
4) Answer: B
A 10% tolerance is allowed for deviations from accepted share valuations. The introduction of 5 alternative valuation methods for equity shares provides more flexibility to merchant bankers for company valuation. Angel tax is imposed at a rate of 30.6% when an unlisted company issue shares to an investor at a price higher than its fair market value. Earlier, it was imposed only on investments made by a resident investor. However, the Finance Act 2023 proposed to extend angel tax even to non-resident investors from April 1, 2024.Any deal made within 90 days of a previous equity fund infusion done by an investor exempt from Angel Tax rules can be done at the same fair market valuation as before.
5) Answer: B
The Warehousing Development and Regulatory Authority (WDRA) was set up by the Government of India in 2010 to ensure the implementation of the provisions of the Warehousing (Development & Regulation) Act, 2007.WDRA, the Warehousing Development Regulatory Authority, has entered into a Memorandum of Understanding (MoU) with the Bank of India (BoI) to enable funding against e-NWRs (electronic Negotiable Warehouse Receipts). To facilitate farmers and traders in accessing low-interest rate loans through this mechanism.
6) Answer: C
The main theme of the P20 is Parliament for One Earth, One Family, One Future. Briefing the media in New Delhi about the summit, Lok Sabha Speaker Om Birla, 25 speakers, 10 Deputy Speakers along with 50 members of Parliament among others will participate in this global event. He added that the president of the Pan African Parliament will participate in the G20 event for the first time in India. Mr Birla informed that four sessions have been planned for the summit. The Speaker also said there will be an in-depth discussion on climate change at this summit along with topics related to health, education, agriculture and energy. A pre-summit event namely Parliamentary Forum on LiFE (Lifestyle for Environment) will be held on the 12th of this month.
7) Answer: B
REC Limited, the Maharatna Central Public Sector Enterprise under the Ministry of Power, has launched a mobile application, exclusively for current and future investors in REC’s 54EC Capital Gain Tax Exemption Bonds. Named ‘SUGAM REC’, the mobile app will offer investors complete details of their investment in REC 54EC Bonds.Section 54EC Bonds are a type of fixed-income financial instrument which provides tax exemption under capital gains to investors, under Section 54EC of the Income Tax Act.
8) Answer: C
Union Minister for Road Transport and Highways Shri Nitin Gadkari, strengthening the infrastructure for smooth transportation in the country is the priority of the Modi government. Schemes worth Rs 154.25 crore for the Una and Kangra region of Himachal Pradesh under the Central Road and Infrastructure Fund CIRF have been approved.Under this approval, two bridges will be constructed on Swan River at a cost of Rs 50.60 crore and Pong Dam on Beas River at a cost of Rs 103.65 crore.
9) Answer: B
Deputy Prime Minister of Malaysia, Datuk Seri Fadillah Yusof inaugurated the Indian Renewable Energy Development Agency Ltd (IREDA) pavilion at the AtoZero (Accelerate to Net Zero) ASEAN Summit, being organized from 4th to 6th October 2023 at Kuala Lumpur, Malaysia. The IREDA pavilion showcases the company’s achievements, expertise, and contributions to the renewable energy sector. It serves as a platform for IREDA to collaborate with international partners and showcase the country’s progress in renewable energy development.
10) Answer: C
Armenia’s Parliament voted to join the International Criminal Court, a move that further strains the country’s ties with its old ally Russia after the court issued an arrest warrant for President Vladimir Putin over events in Ukraine. Armenia later sought to assure Russia that Mr. Putin would not be arrested if he entered the country. The Rome Statute treaty was adopted at the United Nations Diplomatic Conference of Plenipotentiaries held in Rome, Italy in 1998 and it came into force only in 2002.The Statute aims to establish an international platform to deal with the worst possible crimes and ensure that justice prevails.There are a total of 123 states that have signed the Rome Statute. India is not a member of the Rome statute.
11) Answer: B
The statue stands at a height of 19 feet. It is situated on a 13-acre land in Accokeek City, Maryland.The statue of Ambedkar is a significant component of the Ambedkar International Center (AIC).This statue is recognized as the largest statue of B.R. Ambedkar outside of India.The statue has been created by the renowned artist and sculptor Ram Sutar, who is also known for constructing the Sardar Patel statue in Ahmedabad, Gujarat.The ‘Statue of Equality’ is intended to spread the messages and teachings of B.R. Ambedkar and serves as a symbol of equality and human rights.India previously celebrated the unveiling of Dr. Ambedkar’s tallest statue in Telangana.
12) Answer: C
The campaign aligns with the goals of the Solar Energy Policy 2022 by the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA).The aim of the Solar Energy Policy 2022 of Uttar Pradesh is to achieve 6,000 megawatts of solar rooftop plant installations in residential and commercial facilities.The first boot camp under this campaign was held at the Vikas Bhawan in Lucknow. These camps provide comprehensive information on the installation of solar rooftop systems and the application process.
13) Answer: D
A.M. Naik retired from his position as Chairman of Larsen & Toubro (L&T). Naik had a remarkable journey at L&T, where he initially started as a junior engineer in 1965 and dedicated nearly three decades of his career to the company.S.N. Subrahmanyan succeeded A.M. Naik as the new Chairman of L&T.Following his retirement as Chairman, Naik took on the role of overseeing IT companies and employee trusts.
14) Answer: B
Vice Admiral Tarun Sobti assumed charge as Deputy Chief of Naval Staff. He succeeded Vice Admiral Sanjay Mahindru who retired after more than 38 years of illustrious service on 30 Sep 2023.Tarun Sobti was commissioned into the Indian Navy in 1988. He is a Navigation and Direction Specialist.
15) Answer: A
Sachin Tendulkar has been appointed as the global ambassador of the 2023 Cricket World Cup by the International Cricket Council (ICC).Tendulkar will have the honour of walking out with the Men’s Cricket World Cup Trophy before the opening match at the Narendra Modi Stadium in Ahmedabad, thereby declaring the tournament open.The opening fixture of the World Cup 2023 will be played between England and New Zealand, a match that will be a repeat of the World Cup 2019 final.The 10-team World Cup is set to be played across 10 different venues in India, with the opening game and the grand finale to be held at the 132,000-seater Narendra Modi Stadium in Ahmedabad
16) Answer: C
P R Seshadri has been appointed as Managing Director (MD) and Chief Executive Officer (CEO) of South Indian Bank. Seshadri succeeds Murali Ramakrishnan, who served in the position from October 1, 2020, to September 30, 2023.Seshadri brings almost a quarter-century of domestic and international banking experience to his new role at South Indian Bank. His career includes senior leadership roles at institutions such as Karur Vysya Bank and Citigroup. Prior to joining SIB, Seshadri held a similar role at Karur Vysya Bank.
17) Answer: B
SAMPRITI-XI will include a Command Post Exercise (CPX), a Field Training Exercise (FTX) and a Validation Exercise. The Validation Exercise will be carried out on the 14th and 15th of October 2023 in Darranga Field Firing Range, Assam. The 11th edition of the SAMPRITI joint military exercise (SAMPRITI-XI) between the Indian Army and the Bangladesh Army has commenced in Umroi, Meghalaya. SAMPRITI-XI is scheduled to last for 14 days.It will involve approximately 350 personnel from both sides.
18) Answer: B
Narges Mohammadi, the most prominent of Iran’s jailed women’s rights advocates, has vowed to stay in the country and continue her activism after winning the 2023 Nobel Peace Prize. Mohammadi has campaigned for women’s rights, the abolition of the death penalty and an improvement of prison conditions inside Iran.She is serving multiple sentences in Tehran’s Evin prison amounting to about 12 years’ imprisonment, according to the rights organisation Front Line Defenders, the latest of the many periods she has been detained.
19) Answer: A
The Automotive Research Association of India (ARAI) has signed an MoU with llT Guwahati for the Establishment of a Common Engineering Facility Center titled “Digital Twin Center for Emerging Automotive Systems” in the Hub and Spoke model. ARAI is an autonomous body under the aegis of the Ministry of Heavy Industries.The Common Engineering Facility Center( CEFC) is being established under Capital Goods Scheme Phase II of the Ministry of Heavy Industries (MHI )by ARAI along with an Industry Partner named Micelio Mobility Pvt Ltd. titled “Digital Twin Center for Emerging Automotive Systems” in Hub and Spoke model.
20) Answer: B
At the Hangzhou Asian Games in China, India amassed a total of 92 medals, including 21 gold, 33 silver, and 38 bronze. India is currently in fourth place in the medal tally. India is swiftly working towards its 100-medal target.The Indian recurve women’s team in Archeryclinched bronze after defeating Vietnam 6-2 in the bronze medal playoff match. Whereas the men’s team bagged silver against South Korea in the finals.India’s women’s team clinched bronze in sepaktakraw after losing against Thailand in the regu semifinal.
21) Answer: C
World Cotton Day is observed on 7th October of every year.2023 Theme of World Cotton Day: “Making cotton fair and sustainable for all, from farm to fashion”.In 2019, The four Cotton producers namely Benin, Burkina Faso, Chad and Mali initiated the World Trade Organisation about the World Cotton Day on October 7.The first World Cotton Day was celebrated on 7th October 2019
22) Answer: B
At the Hangzhou Asian Games in China, India amassed a total of 92 medals, including 21 gold, 33 silver, and 38 bronze. India is currently in fourth place in the medal tally. India is swiftly working towards its 100-medal target.
23) Answer: C
RuPay is an indigenous, highly secure, and widely accepted card payment network in India. RuPay cards have debit, credit, and prepaid propositions. More than 750 Million RuPay cards are in circulation as of date. RuPay cards make up more than 60% of total cards issued in India, with every second Indian having a RuPay card now. These cards are issued through the entire banking spectrum, including public sector, private, and small banks
24) Answer: E
The UAE and India will cooperate more closely in sustainable industrial development following a memorandum of understanding (MoU) signed at Emirates Palace. It also aims to develop innovative and technological solutions that support sustainability and climate neutrality efforts.The MoU focuses on seven key areas, including supply chain resilience, renewable energy and energy efficiency, health and life sciences, space systems, AI, Industry 4.0 and advanced technologies, as well as standardization and metrology.To build supply chain resilience, the UAE and India will collaborate to identify opportunities to supply raw materials.
25) Answer: B
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