Daily Current Affairs Quiz – 08th July 2023

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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2023 of 08th July 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) Recently in July 2023, The RBI cancelled the license of Malkapur Urban Co-operative Bank Limited. Where is the headquarters of Malkapur Urban Co-operative Bank Limited located?

(a) Assam

(b) Karnataka

(d) Kerala

(e) Maharashtra

2) With which bank has Flipkart partnered to offer personal loan service to its 450 million e-commerce customers?

(a) ICICI Bank

(b) Axis Bank

(d) State Bank of India

(e) HDFC Bank

3) Consider the following statement regarding RBI’s financial stability report. Which of the following statement/s is/are incorrect?

(i) According to RBI’s Financial Stability Report, the write-offs to gross non-performing assets (GNPAs) ratio of private sector banks stood at 47.9% in FY23.

(ii) The write-offs to GNPAs ratio of private sector banks in FY22 and FY21 was at 26.2% and 31%, respectively.

(iii) The write-offs to GNPAs ratio of public sector banks in FY22 and FY21 was at 27.7% and 37.3%, respectively.

(a) Only (iii)

(b) Only (i) and (ii)

(d) Only (ii) and (iii)

(e) All (i), (ii) and (iii)

4) Which organisation has provided $200 million in additional funding for ongoing urban development projects in India?

(a) NDB

(b) ADB

(d) AIIB

(e) IMF

5) Prime Minister Narendra Modi laid the foundation stone for the Railway Manufacturing Unit at Kazipet. Kazipet is located in which state?

(a) Haryana

(b) Assam

(d) Kerala

(e) Telangana

6) Where was Prime Minister Narendra Modi laid the foundation stone and dedicated to the nation’s various development projects worth around Rs 7500 crores?

(a) Raipur, Chhattisgarh

(b) Dahej, Gujarat

(d) Pune, Maharashtra

(e) Hyderabad, Telangana

7) Consider the following statement regarding NTPC Group. Which of the following statement/s is/are correct?

(i) The group installed the electricity generation capacity of NTPC, India’s leading integrated power producer, which has touched 73,024 MW.

(ii) The total capacity of the group crossed 73 MW with the commissioning of 660 MW capacity Unit-2 of Stage-I (3 x 660 MW) of the Barh Super Thermal Power Project in Bihar.

(iii) Further, NTPC is committed to achieving 60,000 MW of Renewable Energy capacity by the year 2036.

(a) Only (i)

(b) Only (i) and (ii)

(d) Only (ii) and (iii)

(e) All (i), (ii) and (iii)

8) Adani Green Energy has cleared plans to raise __________ by way of qualified institutional placements (QIPs) of shares or any other share-sale instrument.

(a) Rs 18,300 crores

(b) Rs 12,300 crores

(d) Rs 22,300 crores

(e) Rs 11,300 crores

9) Which company group has emerged as the highest bidder to buy a 90 per cent stake in the warehousing platform of Asia-focused logistics company ESR and German investor Allianz?

(a) Brookfield Corporation

(b) Goldman Sachs

(d) Hellman & Friedman

(e) The Vanguard Group

10) Who has been appointed as the new Executive Director (ED) of the Reserve Bank of India (RBI)?

(a) P. Vasudevan

(b) Shreyas G. Hosur

(d) Vivek Kumar

(e) Umesh Dwivedi

11) Who has been appointed as the Chief Executive Officer (CEO) of the Financial Planning Standards Board of India (FPSB India)?

(a) Amit Tandon

(b) Mayank Rai

(d) Krishan Mishra

(e) Sourabh Sharma

12) Which organisation has bagged the GeM award in the category “Timely Payments (CPSEs)” for the year 2023 for its outstanding contribution to improving the reliability of e-market practices in line with the vision of GeM?

(a) NTPC

(b) SAIL

(d) BPCL

(e) NLC India

13) Along with which country did India sign a memorandum of understanding on electoral cooperation?

(a) Puerto Rico

(b) Ecuador

(d) Panama

(e) Paraguay

14) Which company has signed a contract with Indian Coast Guard for two upgraded Dornier aircraft worth Rs 458 crore?

(a) ISRO

(b) DRDO

(d) BHEL

(e) NTPC

15) What is the new expiration year of the extended MoU on Cooperation between India and Singapore in the field of Personnel Management and Public Administration?

(a) 2027

(b) 2031

(d) 2035

(e) 2029

16) The Board of Directors of IDFC FIRST Bank Limited and IDFC Limited have approved the Scheme of Amalgamation of IDFC Limited with IDFC FIRST Bank. Where is the headquarters of IDFC Bank located?

(a) Mumbai, Maharashtra

(b) Vadodara, Gujarat

(d) Kolkata, West Bengal

(e) Hyderabad, Telangana

17) Where was the 7th edition of the bilateral Japan-India Maritime Exercise 2023 (JIMEX 23) held?

(a) Jaisalmer, Rajasthan

(b) Mathura, Uttar Pradesh

(d) Visakhapatnam, Andhra Pradesh

(e) Jamnagar, Gujarat

18) Which edition of Indian Navy – United States Navy (IN – USN) Salvage and Explosive Ordnance Disposal (EOD) exercise “SALVEX” was held in Kochi, Kerala?

(a) 7^th

(b) 12^th

(d) 9^th

(e) 8^th

19) ISRO announced that its lunar mission Chandrayaan-3 will be launched in the new heavy-lift launch vehicle _____ from the spaceport at Sriharikota in Andhra Pradesh.

(a) Launch Vehicle Mark- 2

(b) Geosynchronous Satellite Launch Vehicle Mark- 3

(d) Geosynchronous Satellite Launch Vehicle Mark- 2

(e) Launch Vehicle Mark- 1

20) Chandraprabha Wildlife Sanctuary is located in which of the following state?

(a) Madhya Pradesh

(b) Odisha

(d) Jharkhand

(e) Uttar Pradesh

Answers :

1) Answer: E

The Reserve Bank of India (RBI) cancelled the license of two cooperative banks i.e. Karnataka-based Shushruti Souharda Sahakara Bank Niyamita and Maharashtra-based Malkapur Urban Co-operative Bank Limited.

Reason :

These banks did not have adequate capital and earning prospects.

As such, they do not comply with the provisions of Section 11(1) and Section 22 (3) (d) read with Section 56 of the Banking Regulation Act, 1949.

Besides, these banks have failed to comply with the requirements of Sections 22(3) (a), 22 (3) (b), 22(3)(c), 22(3) (d) and 22(3)(e) read with Section 56 of the Banking Regulation Act, 1949.

2) Answer: B

Walmart-owned Flipkart has partnered with Axis Bank to offer personal loan service to its 450 million e-commerce customers.

The personal loan service allows customers to avail instant, end-to-end digital loans of up to Rs 5 lakhs.

The lending service is accessible through Flipkart’s app and boasts a 30-second approval time while removing the need for document submission.

The move also comes after Amazon, one of Flipkart’s largest competitors, signalled a slowdown in India.

Key Highlights :

By introducing personal loans, Flipkart is expanding its range of financial services, which already includes a ‘buy now, pay later’ option, EMI payments, and a co-branded credit card.

3) Answer: A

According to the data from the Reserve Bank of India’s (RBI) financial stability report, the private sector banks in India have been more aggressive when it comes to writing-off bad loans as compared to the public sector banks.

Key Highlights :

According to RBI’s Financial Stability Report, the write-offs to gross non-performing assets (GNPAs) ratio of private sector banks stood at 47.9% in FY23.

The write-offs to gross non-performing assets (GNPAs) ratio of public sector banks was 22.2%.

However, the data highlighted that both public and private banks have stepped up writing off the loans in the past two years.

The write-offs to GNPAs ratio of private sector banks in FY22 and FY21 was at 26.2% and 31%, respectively.

The write-offs to GNPAs ratio of public sector banks in FY22 and FY21 was at 17.7% and 17.3%, respectively.

The write-offs to GNPAs ratio is the ratio of write-offs during a financial year to GNPA at the beginning of the year.

In write-off, loans are transferred to the off-balance sheet records.

4) Answer: B

The Asian Development Bank (ADB) has approved a $200 million additional financing for the Rajasthan Secondary Towns Development Sector Project to improve water supply and sanitation systems and support the enhancement of urban resilience and heritage living in India.

The ongoing project earlier approved in September 2020 has so far laid 1,451 kilometres (km) of water supply pipes and 1,110 km of sewer pipes and connected 68,098 households to water services in selected secondary towns in Rajasthan.

5) Answer: E

Prime Minister Narendra Modi will be laying the foundation stone for the Railway Manufacturing Unit at Kazipet,Telangana.

The Prime minister will be laying the foundation stone for several infrastructure projects at Warangal as part of his four-state visit.

South Central Railways general manager Arun Kumar Jain informed media that the manufacturing unit will be the first of its kind in the state and will contribute to the overall development of the region.

The Railway Manufacturing Unit at Kazipet to be set up at an initial cost of 501 crore rupees will stimulate the ecosystem for new industrial development in Hanamkonda.

6) Answer: A

The Prime Minister, Shri Narendra Modi laid the foundation stone and dedicated to the nation various development projects worth around Rs 7500 crores in Raipur, Chhattisgarh.

He dedicated and laid the foundation stone for 5 National Highway projects worth around Rs 6,400 crores.

The Prime Minister also dedicated to the nation the doubling of the 103 km long Raipur – Khariar Road Rail Line which has been completed for Rs 750 crores, a 17 km long new railway line connecting Keoti – Antagarh developed for Rs 290 crores.

Further, the Prime Minister dedicated to the nation a bottling plant of the Indian Oil Corporation with a capacity of 60 thousand metric tons per annum at Korba constructed at a cost of over Rs 130 crores.

7) Answer: B

The group installed the electricity generation capacity of NTPC, India’s leading integrated power producer, which has touched 73,024 MW.

This includes 57,038 MW installed capacity of power plants owned by NTPC and 15,986 MW capacity of plants owned by NTPC’s subsidiaries and joint ventures.

The total capacity of the group crossed 73 MW with the commissioning of 660 MW capacity Unit-2 of Stage-I (3 x 660 MW) of the Barh Super Thermal Power Project in Bihar.

This includes 50 NTPC Stations (26 Coal based stations, 7 gas-based stations, 1 Hydro station, 16 Renewable Energy based stations) and 39 stations by Joint Ventures and subsidiaries (9 coal based, 4 gas based, 8 hydro and 18 Renewable Energy based stations).

The accomplishment reinforces NTPC’s commitment to delivering reliable and affordable power to the Nation.

Further, the company is committed to achieving 60,000 MW of Renewable Energy capacity by the year 2032.

8) Answer: B

The board of Adani Green Energy (AGEL) cleared plans to raise Rs 12,300 crores by way of qualified institutional placements (QIPs) of shares or any other share-sale instrument.

The company will use the proceeds to repay debt and expand capacity.

Two group companies — Adani Enterprises (AEL) and Adani Transmission — had earlier announced they would raise Rs 21,000 crore via the QIP/share sale route.

All QIPs will be launched later this year.

Adani promoter entities, too, are raising funds to repay debt. American financial powerhouse GQG Partners (GQG), along with other investors, acquired on June 28 via block deals additional shares worth Rs 8,200 crore from the Adani family in the group’s flagship Adani Enterprises and AGEL.

9) Answer: C

The US-headquartered investor Blackstone Group has emerged as the highest bidder to buy a 90 per cent stake in the warehousing platform of Asia-focused logistics company ESR and German investor Allianz.

The marquee investor has quoted Rs 2,000 crore for the stake, informed sources in the know.

Blackstone has overtaken the likes of GIC and Ontario Municipal Employees Retirement System to become the finalist to pick up a stake.

While Allianz is exiting its investment by selling its 50 per cent stake, ESR is selling 40 per cent and holding 10 per cent in the platform.

They (ESR and Allianz) have finalised on Blackstone.

The total value of assets is $450-475 million

The platform, set up in late 2018, has eight assets with an area of 10.5 million square feet (MSF).

The 50:50 partnership between ESR and Allianz planned to invest $1 billion in the venture.

The platform ran a bidding process through Anarock Capital.

10) Answer: A

The Reserve Bank of India (RBI) has appointed P Vasudevan as the new Executive Director (ED).

As executive director, P. Vasudevan will look after the Department of Currency Management, Corporate Strategy and Budget Department (Areas other than that of Budget & Funds), and Enforcement Department.

11) Answer: D

The Financial Planning Standards Board of India (FPSB India) has appointed Krishan Mishra as its Chief Executive Officer (CEO), effective from 1 August 2023.

In his new role, Mishra will lead the strategy and operations of FPSB India and champion the advancement of the financial planning profession in India.

He was recognized in 2019 as one of the Top 100 Leaders in Education for his significant contributions to the field of education at the Global Forum for Education and Learning.

12) Answer: E

NLC India Limited, a navratna company under the Ministry of Coal, bagged the GeM award in the category “Timely Payments (CPSEs)” for the year 2023 for its outstanding contribution to improving the reliability of e-market practices in line with the vision of GeM.

NLCIL registered and on-boarded in the GeM portal in the year 2017.

NLCIL’s growth in GeM procurement started from a small value of Rs 2.21 crore during the year 2018-19 and the company has registered an impressive growth of Rs 984.93 crore during the year FY 2022-23.

13) Answer: D

The Election Commission of India and the Electoral Tribunal (ET) of Panama signed a Memorandum of Understanding in Panama City to establish the institutional framework for their ongoing cooperation in the field of election management and administration.

A three-member ECI delegation led by Chief Election Commissioner of India Shri Rajiv Kumar held interactions with the Presiding Magistrate, Electoral Tribunal of Panama Mr Alfredo Juncá Wendehake on strengthening collaboration and knowledge exchange between the two Election Management Bodies (EMBs). Mr. Eduardo Valdes Escoffery, first vice presidential magistrate and Mr. Luis A. Guerra Morales, second vice presidential magistrate, ET of Panama were also present.

ECI has been expanding its links and cooperation with foreign Election Management Bodies (EMBs) through its ‘International Cooperation Programme’.

14) Answer: C

Ministry of Defence signed a contract with Hindustan Aeronautics Limited (HAL) in New Delhi for the procurement of two Dornier Aircraft for the Indian Coast Guard (ICG) along with an associated Engineering Support package at an overall cost of Rs 458.87 crore.

The aircraft will be procured under the Buy (Indian) Category.

The aircraft will be fitted with several advanced equipment viz., Glass Cockpit, Maritime Patrol Radar, Electro-Optic Infra-Red device, Mission Management System etc.

The addition will further bolster the aerial surveillance capability of maritime areas of responsibilities of the ICG.

15) Answer: C

The Department of Administrative Reforms and Public Grievances, Ministry of Personnel, Public Grievances and Pensions, Government of India and The Public Service Division, of the Republic of Singapore signed a Protocol Document extending for five years the current MoU on Cooperation in the field of Personnel Management and Public Administration till 2028.

The MoU was signed by Shri V. Srinivas, Secretary on behalf of the Department of Administrative Reforms and Public Grievances and Mr Simon Wong, High Commissioner of Singapore to India.

16) Answer: A

The Board of Directors of IDFC FIRST Bank Limited and IDFC Limited, have approved the Scheme of Amalgamation of IDFC Limited with IDFC FIRST Bank.

The Scheme is subject to the receipt of requisite approvals from the Reserve Bank of India (“RBI”), the Securities and Exchange Board of India (“SEBI”), the Competition Commission of India, the National Company Law Tribunal, BSE Limited and the National Stock Exchange of India Limited (collectively, the “Stock Exchanges”) and other statutory and regulatory authorities, and the respective shareholders, under applicable law.

Key Highlights :

According to the approved scheme of amalgamation, the share exchange ratio will be 155 equity shares of face value of Rs 10 of IDFC First Bank for every 100 equity shares of face value of Rs 10 of IDFC Ltd.

IDFC First Bank :

Founded : 2015

Headquarters : Mumbai, Maharashtra, India

MD & CEO : V. Vaidyanathan

17) Answer: D

The 7th edition of the bilateral Japan-India Maritime Exercise 2023 (JIMEX 23) hosted by the Indian Navy (IN), is being conducted from 5 July to 10 July 2023 at Visakhapatnam, Andhra Pradesh (AP).

This edition marks the 11th anniversary of JIMEX since its inception in 2012.

Aim :

To promote mutual cooperation and underline the region’s common commitment to maritime security.

Participants :

Japan Maritime Self Defence Force (JMSDF) units under the command of RAdm Nishiyama Takahiro, Commander Escort Flotilla One are participating in the exercise.

18) Answer: A

The 7th edition of the Indian Navy – United States Navy (IN – USN) Salvage and Explosive Ordnance Disposal (EOD) exercise, SALVEX was conducted from 26 June to 06 July 23 at Kochi, Kerala.

IN and USN have been participating in joint Salvage and EOD exercises since 2005.

Participants :

The exercise saw participation from both the navies which included the ships – Indian Naval Ship (INS) Nireekshak and US Naval Ship (USNS) Salvor in addition to Specialist Diving and EOD teams.

19) Answer: C

The Indian Space Research Organisation (ISRO) announced that its lunar mission Chandrayaan-3 will be launched on July 14,2023 from the spaceport at Sriharikota in Andhra Pradesh (AP).

ISRO’s new heavy-liftLaunch Vehicle Mark- 3(LVM-3) will carry out the Moon mission.

ISRO is to attempt soft-landing on Moon on August 23 or August 24, 2023.

About the Chandrayaan-3 Mission :

Chandrayaan-3 (“moon craft”) is a planned 3rd lunar exploration mission by the ISRO.

The Chandrayaan-3 mission carries scientific instruments to study the thermophysical properties of the lunar regolith, lunar seismicity, lunar surface plasma environment and elemental composition in the vicinity of the landing site.

While the scope of these scientific instruments on the lander and the rover would fit in the theme of “Science of the Moon”, another experimental instrument will study the spectro-polarimetric signatures of the Earth from the lunar orbit, which would fit in the theme of “Science from the Moon”.

Unlike Chandrayaan-2, it will not have an orbiter and its propulsion module will behave like a communications relay satellite.

Chandrayaan-3 interplanetary mission has 3 major modules: the Propulsion module, Lander module, and Rover.

20) Answer: E

Uttar Pradesh:

Governor : Anandiben Patel

Chief Minister : Yogi Adityanath

Capital : Lucknow

National Park : Dudhwa National Park

Wildlife Sanctuary : Bakhira Wildlife Sanctuary, Chandraprabha Wildlife Sanctuary, National Chambal Wildlife Sanctuary.

1 year ago

Daily Current Affairs Quiz – 08th July 2023

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