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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2023 of 08th August 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) Mastercard Launches CVV-Free Payment Feature For Tokenized Transactions. What is the second “V” in CVV?
(a) Verified
(b) Value
(c) Vise
(d) Vision
(e) Volume
2) The Union Finance Minister Smt. Nirmala Sitharaman launches the AMC Repo Clearing Limited (ARCL) and Corporate Debt Market Development Fund (CDMDF). Where is the headquarters of ARCL?
(a) Maharashtra
(b) Gujarat
(c) New Delhi
(d) Kerala
(e) Bihar
3) The Union Finance Minister Nirmala Sitharaman chairs the review meeting of Regional Rural Banks from the Southern Region, in which city?
(a) Madurai
(b) Chennai
(c) Trichy
(d) Coimbatore
(e) Salem
4) State Bank of India’s Net profit grows 178% to Rs 16,884 crores for Q1. How much percentage of Net interest income rose?
(a) 20
(b) 25
(c) 15
(d) 10
(e) 12
5) IRDAI allows insurers to hold which bank in investments till maturity?
(a) Axis
(b) ICICI
(c) HDFC
(d) KVB
(e) DBS
6) Prime Minister Narendra Modi to Participate in __________National Handloom Day Celebration
(a) 5th
(b) 6th
(c) 7th
(d) 8th
(e) 9th
7) Valid license for import of laptops, tablets and personal computers to be required from which date?
(a) October 1
(b) November 30
(c) October 31
(d) December 1
(e) November 1
8) Lok Sabha membership of Congress leader Rahul Gandhi restored in which city of Kerala?
(a) Kochi
(b) Trivandrum
(c) Wayanad
(d) Thrissur
(e) Kollam
9) In which state, the Ministry of Tourism identifies ‘Prayagraj’ and ‘Naimisharanya’ as the destinations for the development under ‘Swadesh Darshan 2.0 (SD2.0)
(a) Assam
(b) Maharashtra
(c) Madhya Pradesh
(d) Gujarat
(e) Uttar Pradesh
10) How many guest countries are there in the Ministerial Conference of the Ministry of WCD on Women’s Empowerment Celebrates Actions to Accelerate Women-Led Development?
(a) 4
(b) 5
(c) 8
(d) 7
(e) 9
11) Director General of the National Mission for Clean Ganga (NMCG) gives a presentation on Namami Gange to World Bank EDs during an impact assessment meeting at which state?
(a) Assam
(b) Maharashtra
(c) Madhya Pradesh
(d) Gujarat
(e) Uttar Pradesh
12) In which state, the special art exhibition dedicates to G-20 member countries to commence on it?
(a) Assam
(b) Bihar
(c) Gujarat
(d) Arunachal Pradesh
(e) Tamil Nadu
13) The redevelopment of 508 railway stations, out of the total how many stations in Maharashtra are to be developed as world-class railway stations?
(a) 125
(b) 120
(c) 124
(d) 126
(e) 128
14) Which state government has implemented the “One District, One Product” scheme?
(a) Assam
(b) Bihar
(c) Gujarat
(d) Arunachal Pradesh
(e) Tamil Nadu
15) Which ministry has launched the digital portal of the Central Registrar of Cooperative Societies in Pune?
(a) Information and Technology
(b) Home affairs
(c) Finance Ministry
(d) Education Ministry
(e) Earth Science
16) The lands required for NLC India are acquired by the District Administration as per the Land Acquisition Act prevailing in which state?
(a) Assam
(b) Bihar
(c) Gujarat
(d) Arunachal Pradesh
(e) Tamil Nadu
17) How much percentage Increase in Domestic Coal Production till June 2023?
(a) 8.50
(b) 8.51
(c) 8.52
(d) 8.53
(e) 8.54
18) The Technology Development Board signed the second agreement under the initiative “Technology Intervention towards ‘Garbage Free Cities’”. How much is the cost of the project in crores?
(a) 1.50
(b) 1.40
(c) 1.30
(d) 1.90
(e) 1.75
19) What is the currency of Cambodia?
(a) Pounds
(b) Franc
(c) Riel
(d) Peso
(e) Euro
20) When was the Quit India Movement launched?
(a) 1945
(b) 1947
(c) 1942
(d) 1948
(e) 1943
Answers :
1) Answer: B
Payments giant Mastercard announced the introduction of Cardholder Verification Value (CVV)-less online transactions for its debit and credit cardholders who have tokenized their cards on merchant platforms. CVV is the 3-digit number printed on the back of debit and credit cards. According to the Reserve Bank of India’s (RBI’s) tokenization guidelines, merchants who adopt tokenized payments will collect CVV only once, which is while tokenizing the card. From the second transaction onwards, cardholders will be required to select their tokenized card from the checkout page, confirm the one-time password (OTP) and complete the transaction without entering the CVV. Mastercard claimed that Indian companies like Cash Free Payments and Zomato have already adopted CVV-less payments.
2) Answer: A
The Union Minister of Finance and Corporate Affairs Smt. Nirmala Sitharaman inaugurated the Corporate Debt Market Development Fund (CDMDF) and initiated the trading on Limited Purpose Clearing Corporation (LPCC) mechanism called AMC Repo Clearing Limited (ARCL), in Mumbai, Maharashtra. Both initiatives intend to deepen the functioning of the corporate debt markets. CDMDF is a backstop facility for specified debt funds during market dislocations. The fund is intended to provide liquidity support in the event of a financial crisis. It will be in the form of an alternative investment fund (AIF), meant to instil confidence among the participants in the Corporate Bond Market during times of stress The fund has Rs 33,000-crore backstop facility for Mutual Funds. Of the Rs 33,000 crore, Rs 30,000 crore will come from the government, while the balance Rs 3,000 crore will be contributed by the Asset Management Companies (AMCs).
3) Answer: B
The Union Finance Minister Smt Nirmala Sitharaman chaired a meeting with Chairpersons and senior officials of Regional Rural Banks (RRBs) from the Southern Region, in Chennai, Tamil Nadu (TN), India. The CD ratio, gross NPAs, and provision coverage ratio (PCR) of RRBs of the Southern region were better than the national average. However, RRBs have to improve the current and savings account (CASA) ratio, she stated that while chairing a review meeting with Chairpersons and senior officials of Regional Rural Banks RRBs from the Southern Region, in Chennai. She also highlighted leveraging Account Aggregator Framework, especially for lending to the allied agricultural sector like fisheries and animal husbandry, besides granting loans to street vendors under PM SVANidhi.
4) Answer: B
State Bank of India’s (SBI) first quarter (Q1FY24) standalone net profit soared 178% year-on-year (yoy) in the first quarter to ₹16,884 crore, buoyed by a 5-fold increase in other income, robust net interest income, and a decline in loan loss provisions. The Q1FY24 net profit is SBI’s highest-ever net profit for the fourth quarter in succession. The bottomline surpassed broking firms estimates’, which ranged from ₹13,200 crore to ₹16,500 crore. Net interest income (NII) rose 25% yoy to ₹38,905 crore (₹31,196 crore).
5) Answer: C
Insurance Regulatory and Development Authority of India (IRDAI) has allowed insurance companies’ bond holdings in the erstwhile Housing Development Finance Corporation (HDFC) to be treated as ‘housing and infrastructure’ investments till maturity. Till its merger, HDFC was the largest issuer in the bond market, raising around ₹64,000 crore each in FY22 and FY23, accounting for 10% of the total funds raised via EBP (electronic bidding platforms). Further, insurance companies have been exempted from complying with the single investee equity exposure and investment regulation norms, with respect to shares of HDFC Bank post the merger, till June 30, 2024.
5) Answer: E
Prime Minister Narendra Modi said that Vocal for Local has become a mass movement that has given a new impetus to the textile sector in the country. Addressing the 9th National Handloom Day celebration at Bharat Mandapam in Pragati Maidan, Delhi Mr Modi said that the schemes that have been initiated in the textile sector bring justice to weavers and artisans. The Prime Minister also urged the people to their commitment to popularise local products on National Handloom Day. Prime Minister Modi said that India’s vibrant handlooms exemplify the country’s diversity.
6) Answer: E
The Union Government has said that a valid License for imports of laptops, tablets, and personal computers will be required from the 1st of November this year(2023). In a notification, the Directorate General of Foreign Trade said, import consignments can be cleared till the 31st of October 2023 without a license for restricted imports. The Centre has said that there is no ban on the import of IT Hardware like tablets and laptops as such devices can be imported after obtaining a valid license by companies or traders. DGFT has prepared a portal, and companies and traders can apply online for getting a license. India has sufficient capacity and capability for manufacturing IT Hardware devices and to boost further production.
7) Answer: C
MrGandhi is a Lok Sabha member from the Wayanad constituency in Kerala. The Lok Sabha secretariat restored Congress leader Rahul Gandhi’s membership in the Lower House.The decision was taken after the supreme court stayed Mr Gandhi’s conviction in a criminal defamation case. He was disqualified from the Lok Sabha in March this year. Soon after Mr Gandhi’s Lok Sabha membership was restored, he reached Parliament and offered floral tributes at the Mahatma Gandhi statue in the Parliament House complex.
8) Answer: E
SolutionPradesh as destinations for development under ‘Swadesh Darshan 2.0 (SD2.0) to develop sustainable and responsible tourism destinations. Minister of Tourism G. Kishan Reddy said that the State Perspective Plan (SPP) prepared by the State Government of Uttar Pradesh did not include Hastinapur Wildlife Sanctuary for development. He further added that the government launched the ‘Swadesh Darshan Scheme’ (SDS) in the year 2014-15 for the integrated development of Theme-Based Tourist Circuits in the country and there are 08 projects of identified thematic circuits in Uttar Pradesh.
9) Answer: B
The Ministry of Women and Child Development as the Nodal Officer for G20 Empower and W20 organized seven international meetings including the Ministerial Conference for Woman Empowerment. The Conference had a total participation of over 138 International delegates from 15 G20 Countries namely Argentina, Australia, Brazil, Canada, European Union, Germany, Indonesia, Italy, Japan, Mexico, the Republic of Korea, Saudi Arabia, Türkiye, United Kingdom, and USA and 5 Guest Countries namely Bangladesh, Mauritius, Netherlands, Singapore and UAE. There have been over 60 speakers at the Conference.
10) Answer: E
A meeting was held in Agra, Uttar Pradesh as part of a visit by the Executive Directors of the World Bank to understand the transformational impact of the Bank’s projects in the country. Director General of, the National Mission for Clean Ganga (NMCG) Mr. G. Asok Kumar gave a detailed presentation on Namami Gange to the Executive Directors of the World Bank from around the world. Mr. Auguste Kouame, Country Director, World Bank, India was also present on the occasion.
11) Answer: B
In Bihar, a special art exhibition dedicated to G-20 member countries will commence in the Bihar Museum, Patna. The title of the two-month-long exhibition is Together We Art and it will conclude on 7th October 2023. Director General of Bihar Museum Anjani Kumar Singh said the exhibition will be inaugurated by Chief Minister Nitish Kumar. The DG said 29 countries including India are participating in the exhibition which is organized by the Union Art and Culture Ministry as part of India’s presidency of G-20 countries. Mr Singh said along with the commemoration of the foundation day a five-month-long Bihar Museum Biennale 2023 will also begin.
12) Answer: D
Prime Minister Narendra Modilaid the foundation stone for the redevelopment of 508 railway stations at a cost of over 24 thousand 470 crore rupees under the Amrit Bharat Station Scheme across the country through video conferencing. In Mumbai, Central Railways organised events at Parel, Vikhroli, and Kanjurmarg stations. Governor of Maharashtra Ramesh Bais said while addressing the gathering, that 126 stations in Maharashtra are planned to be developed as world-class railway stations. He added that among these, foundation stones for the redevelopment of 44 stations will be laid. He expressed happiness that 15 stations of the Mumbai division are going to be redeveloped under the Amrit Bharat station scheme.
13) Answer: C
The government of Gujarat has implemented the One District One Product (ODOP) scheme with a grant of 58 crores rupees to promote its indigenous products at the international level. The Gujarat State Handicrafts and Handicrafts Development Corporation (GSHHDC) has started the implementation of this scheme. Providing details on this, Managing Director of GSHHCD Lalit Narayan Sandu said, the focus is on specific products like Sujani Handloom, Bandhani of Jamnagar and Patola of Patan under ODOP in Gujarat, to promote it in the market. Under this scheme, more than 25 handicraft products and those from the handicrafts sector have been selected from 21 districts of the state, including traditional handicrafts like Gamthi Block Print and Mata-ni-Pachhedi.
14) Answer: B
Union Minister of Cooperation and home affairsAmit Shah said that the cooperative movement cannot progress without transparency and the digital portal will serve that purpose. He asserted that the digital portal would be useful in promoting cooperative-based economic progress, as well as strengthening the cooperative movement in the country. Mr Shah was speaking in Pune after launching the digital portal of the Central Registrar of Cooperative Societies. Deputy Chief Ministers Devendra Fadanvis and Ajit Pawar, Union MoS for Cooperation B L Varma and Minister of Cooperation of Maharashtra Dilip Walse Patil were also present on the occasion.
15) Answer: E
The lands required for NLC India are acquired by the District Administration as per the Land Acquisition Act prevailing at the time of acquisition in Tamil Nadu. The entitled compensation and other rehabilitation and resettlement benefits are fully provided to the land owners and livelihoods are protected. Currently, the lands are acquired as per the “Tamil Nadu Acquisition of Land for Industrial Purposes Act, 1997”, with the provisions relating to the determination of compensation as specified in the First Schedule, rehabilitation and resettlement as specified in the Second Schedule and infrastructure amenities as specified in the Third Schedule of RFCTLARR Act, 2013.
16) Answer: B
During the current year till Jun 2023, domestic coal production has increased by over 8.51% compared to the same period of last year. Most of the requirement for coal in the country is met through indigenous production/supply. The focus of the Government is on increasing the domestic production of coal and eliminating the non-essential import of coal in the country. In the year 2022-23, coal production increased by 14.77% over the previous year. No worker is retrenched from the services of Coal companies (Coal India Limited/Singareni Collieries Company Limited) on the closure of coal mines. Workers are relocated/transferred to other units /establishments for their effective utilization, with providing sufficient training.
17) Answer: D
TDB signed an agreement with M/s Alchemy Rrecyclers Private Limited, Gujarat, for the development of an Integrated Plant for the Recovery of Precious Metals from E-waste, Jewellers Waste, and Automobile Catalyst Waste’. The board has agreed to provide support of ₹1.14 Crores out of the total project cost of ₹1.90 crores. The Technology intervention call is aimed at encouraging proposals that will not only eliminate waste from Indian cities but also utilize technological interventions to generate wealth from waste.
18) Answer: C
The riel is the currency of Cambodia. There have been two distinct riel, the first issued between 1953 and May 1975. Between 1975 and 1980, the country had no monetary system. A second currency, also named “riel”, has been issued since 20 March 1980. Cambodia’s King Norodom Sihamoni has appointed former Prime Minister Hun Sen’s son – Hun Manet- as the new prime minister of the country.
20) Answer: C
Quit India Movement is observed annually on August 8. This day is also known as August Kranti Din. This day is observed as an important movement in the freedom struggle and many freedom fighters took charge themselves. Quit India Movement was launched in the year 1942.In April 1942, when the cripp’s mission failed, a great mass struggle was launched and this struggle was known as Quit India Movement. This resolution approved the starting of a mass struggle of non-violence for the independence of the country. After the resolution passed, Mahatma Gandhi in his speech said, “Do or Die. We shall either be free or die in the attempt”
