Home » Daily Current Affairs Quiz – 08th June 2023

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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2023 of 08th June 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) Which bank has launched Interoperable Cardless Cash Withdrawal (ICCW) facility for its customers, wherein they can withdraw money from ATMs using UPI?

(a) State Bank of India

(b) HDFC Bank

(d) Bank of Baroda

(e) YES Bank

2) Which of the following bank has recentlyintroduced a new credit card named ‘Millennia’?

(a) State Bank of India

(b) Yes Bank

(d) HDFC Bank

(e) IDFC First Bank

3) SEBI came out with guidelines for transactions in corporate bonds through the RFQ platform by stock brokers.What is the full form of RFQ?

(a) Reset for Quote

(b) Request for Query

(d) Request for Quote

(e) Request for Question

4) Which company has partnered with WatchYour Health (WYH) to provide investment solutions to healthcare professionals through the ‘Wellth- Where Investments and Health Unite’ program?

(a) Kotak SecuritiesLimited

(b) YES SECURITIES Limited

(d) Edelweiss Group

(e) ICICI Securities Limited

5) The Reserve Bank of India (RBI) has launched a new campaign to trace and settle the top 100 unclaimed deposits of every bank in every district within ________ days.

(a) 75

(b) 360

(d) 50

(e) 100

6) The Cabinet Committee on Economic Affairs (CCEA) has approved an increase in MSP, for all mandated Kharif Crops for Marketing Season 2023-24. What does ‘M’ in MSP?

(a) Maintain

(b) Maximum

(d) Marketing

(e) Multi

7) The Union Cabinet chaired by the Prime Minister Narendra Modi has approved the third revival package for BSNL with the total outlay of________.

(a) Rs. 56,047 crore

(b) Rs. 89,047 crore

(d) Rs. 90,047 crore

(e) Rs. 59,047 crore

8) The Ministry of Power and the Ministry of New and Renewable Energy have jointly launched a National Mission named _________________.

(a) Mission on Advanced and High-Impact Resolution

(b) Mission on Adverse and High-Impact Research

(d) Mission on Adjective and High-Impact Research

(e) Mission on Advanced and High-Impact Research

9) The Union Government has decided to allow two thousand Primary Agricultural Credit Societies PACS to open Pradhan Mantri Bhartiya Jan AushadhiKendras across India.What is the incentive amount for Pradhan Mantri Bhartiya Jan Aushadhi Kendra?

(a) 3lakh rupees

(b) 7lakh rupees

(d) 5 lakh rupees

(e) 2lakh rupees

10) Which of the following state became the first United States (US) state to ban the popular social media app TikTok?

(a) Texas

(b) California

(d) Florida

(e) Ohio

11) Maharashtra Chief Minister Shri Eknath Shinde has launched Asia’s largest, ambitious and historic cluster development scheme in___________.

(a) Thane

(b) Mumbai

(d) Kolhapur

(e) Nagpur

12) Which state Government has recently (June 2023)launched a special campaign to raise awareness about door-to-door waste collection and segregation?

(a) Assam

(b) Maharashtra

(d) Odisha

(e) Madhya Pradesh

13) What is the name of the Indian Navy’s indigenous torpedo that was successfully engaged underwater target recently?

(a) Karunasatra

(b) Marunastra

(d) Tarunastra

(e) Varunastra

14) Which country has unveiled its first-ever Indigenously made hypersonic ballistic missile, called Fattah, or “Conqueror” (in Farsi language)?

(a) Syria

(b) Iran

(d) Israel

(e) Iraq

15) The Government has removed the procurement ceilings of _________ for tur, urad, and Masur under Price Support Scheme PSS operations for 2023-24.

(a) 20 percent

(b) 35 percent

(d) 40 percent

(e) 15 percent

16) Which state government has signed an MoU with NHPC Limitedfor the development of Pumped Storage schemes and other Renewable Energy Source projects in the state?

(a) Uttar Pradesh

(b) Uttarakhand

(d) Rajasthan

(e) Maharashtra

17) Recently, Gufi Paintal has passed away at the age of 79. He was a renowned ___________.

(a) Journalist

(b) Cricketer

(d) Actor

(e) Singer

18) Every year, World Ocean Day has been observed on which of the following day?

(a) 9 June

(b) 7 June

(d) 8 June

(e) 6 June

19) The Union Cabinet has approved Metro Connectivity from HUDA City Centre to Cyber City with Spur to Dwarka Expressway, Gurugram covering the distance of ____ having 27 stations on the route.

(a) 11.40 km

(b) 28.50 km

(d) 53.50 km

(e) 42.10 km

20) Every year on June 8th, World Brain Tumor Day has beenobserved to raise awareness of brain tumors and educates people about them. When was the first World Brain Tumor Day observed?

(a) 2004

(b) 2018

(d) 2007

(e) 2000

Answers :

1) Answer: D

Public lender Bank of Baroda (BoB) has launched Interoperable Cardless Cash Withdrawal (ICCW) facility for its customers, wherein they can withdraw money from Automated Teller Machines (ATMs) using the United Payment Interface (UPI).

BoB becomes the first public sector bank to launch this service.

By whom would it be withdrawn?

Bank of Baroda customers

Customers of other participating issuer banks that use Bharat Interface for Money (BHIM) UPI

Bob World UPI or any other UPI application enabled for ICCW on their mobile phone can withdraw cash from a Bank of Baroda ATM without using their debit card.

2) Answer: D

HDFC Bank has introduced a new credit card – Millennia offering cashback.

The card comes with contactless technology allowing customers to ‘tap and pay’ via a Point Of Sale (POS) machine.

Features of HDFC Millennia Credit card :

The card offers cashback and reward points on Amazon, Flipkart, and other e-commerce platforms.

The card also offers 1% cashback on offline purchases, smart Equated monthly instalments (EMI), and lounge access for free, among others.

In every billing, a maximum reward of ₹1000 would be offered.

The cardholder receives a Rs 1000 gift card after spending Rs 1 lakh in a calendar quarter.

Eligibility to obtain HDFC Millennia Credit card

The Millennia card is applicable to both self-employed and salaried persons.

The minimum age limit is 21 and the maximum age is 40.

People earning a maximum of ₹35,000 gross salary can apply for the card.

Self-employed people with an annual income of ₹6 lakhs or above are also eligible.

3) Answer: D

Capital markets regulator Securities and Exchange Board of India (SEBI) came out with guidelines for transactions in corporate bonds (CBs) through the Request for Quote (RFQ) platform by stock brokers (SBs).

SEBI has been taking steps to increase the liquidity on the RFQ platform of stock exchanges to enhance the transparency and disclosure pertaining to trading in the secondary market in corporate bonds.

Key Highlights :

For all the trades in proprietary capacity, stock brokers will have to undertake at least 10% of their total secondary market trades by value in corporate bonds in that month by placing quotes through one-to-one (OTO) or one-to-many (OTM) mode on the RFQ platform of stock exchanges from July 1, 2023.

The percentage will increase to 25% from April, 2024

4) Answer: B

YES SECURITIES Limited (YSL), a leading financial services company, is partnered with WatchYourHealth (WYH), a tech-driven healthcare platform, to provide investment solutions to healthcare professionals through the ‘Wellth- Where Investments and Health Unite’ program.

Aim:

To help the healthcare community start their investment journey for successful wealth creation and achieving long-term financial goals

Key Highlights :

The company will provide free-of-cost demat and trading accounts, monthly stock research recommendations, and tailor-made product offerings based on the client’s needs.

Some of the other features under the Wellth program include investment products and advisory services to doctors and healthcare professionals, financial planning products including Systematic Investment Plan (SIPs) and Alternative Investment Funds (AIFs) to retail and High Networth Individuals (HNI) clients.

5) Answer: E

The Reserve Bank of India (RBI) has launched ‘100 Days 100 Pays’ campaign to trace and settle the top 100 unclaimed deposits of every bank in every district within 100 days.

This measure will complement the ongoing efforts and initiatives by the central bank to reduce the quantum of unclaimed deposits in the banking system and return such deposits to their rightful owners/claimants.

What are unclaimed deposits?

Unclaimed Deposit accounts are accounts which have not been operated for the last 10 years.

Banks transfer these amounts to the “Depositor Education and Awareness” (DEA) Fund maintained by the RBI.

The total amount of unclaimed deposits transferred to the RBI by public sector banks (PSBs) was Rs 35,012 crore till February 2023.

Currently, the State Bank of India (SBI) tops the chart of unclaimed deposits worth Rs 8,086 crore followed by Punjab National Bank Rs 5,340 crore, Canara Bank Rs 4,558 crore and Bank of Baroda Rs 3,904 crore.

Apart from the campaign, the RBI has also announced the setting up of a centralised web portal for the public to search unclaimed deposits across multiple banks.

6) Answer: C

The Cabinet Committee on Economic Affairs (CCEA) today approved an increase in Minimum Support Price, MSP, for all mandated Kharif Crops for Marketing Season 2023-24.

The Cabinet has taken this decision to ensure remunerative prices to growers for their produce and to encourage crop diversification.

The increase in MSP for Kharif Crops for Marketing Season 2023-24 is in line with the Union Budget 2018-19 announcement of fixing the MSP at a level of at least 1.5 times the All-India weighted average Cost of Production, aiming at reasonably fair remuneration for the farmers.

The expected margin to farmers over their cost of production is estimated to be highest in the case of Bajra at 82 per cent followed by tur at 58 per cent, soybean at 52 per cent, and urad at 51 per cent.

For the rest of the crops, the margin to farmers over their cost of production is estimated to be at least 50 percent.

In recent years, Government has been promoting the cultivation of crops, other than cereals such as pulses, oilseeds, and Nutri-cereals or Shree Anna, by offering a higher MSP for these crops.

Additionally, the Government has also launched various schemes and initiatives, such as the Rashtriya Krishi Vikas Yojana, and National Food Security Mission to encourage farmers to diversify their crops.

As per Third Advance Estimates for 2022-23, total Foodgrain production in the country is estimated at a record 330.5 million tonnes which is higher by 14.9 million tonnes as compared to the previous year 2021-22.

This is the highest increase in the last five years.

7) Answer: B

Union Cabinet chaired by the Prime Minister Shri Narendra Modi, approved the third revival package for BSNL with the total outlay of Rs. 89,047 crore.

It includes allotment of 4G/5G spectrum for BSNL through equity infusion.

The authorized capital of BSNL will be increased from Rs. 1,50,000 crore to Rs. 2,10,000 crore.

With this revival package, BSNL will emerge as a stable telecom service provider focused on providing connectivity to remotest parts of India.

8) Answer: E

The Ministry of Power and the Ministry of New and Renewable Energy have jointly launched a National Mission to quickly identify emerging technologies in the power sector and develop them indigenously, at scale, for deployment within and outside India.

The National Mission, titled “Mission on Advanced and High-Impact Research (MAHIR)” aims to facilitate indigenous research, development and demonstration of the latest and emerging technologies in the power sector.

Planned for an initial period of five years from 2023-24 to 2027-28, the Mission will follow the technology life cycle approach of Idea to Product.

Mission Objectives

To identify emerging technologies and areas of future relevance for the Global Power Sector and take up indigenous end-to-end development of relevant technologies

9) Answer: D

The government has decided to allow two thousand Primary Agricultural Credit Societies PACS to open Pradhan Mantri Bhartiya Jan AushadhiKendras across the country.

The decision was taken in a meeting of Home and Cooperation Minister Amit Shah with Chemicals and Fertilizers Minister Mansukh Mandaviya in New Delhi.

Two thousand PACS across the country will be identified to open Pradhan Mantri Bhartiya Jan AushadhiKendras.

One thousand Pradhan Mantri Bhartiya Jan AushadhiKendras will be opened by August this year and another one thousand by December 2023.

This important decision will not only increase the income of PACS and create employment opportunities but will also make medicines available at affordable prices to the people, especially those living in rural areas.

More than nine thousand 400 Pradhan Mantri Bhartiya Jan AushadhiKendras have been opened across the country till now.

The incentive amount for Pradhan Mantri Bhartiya Jan Aushadhi Kendra is five lakh rupees, 15 per cent of monthly purchases or a maximum of 15 thousand rupees per month.

One time additional incentive of two lakh rupees as reimbursement for IT and infra expenditure in special categories and areas is also provided.

10) Answer: C

Montana has become the first United States (US) state to ban the popular social media app TikTok.

Montana Republican Governor Greg Gianforte signed the law expecting a legal fight.

The law, scheduled to take effect Jan. 1, 2024, also faces questions over whether it can be enforced.

TikTok is facing growing calls from some U.S. lawmakers to ban the app nationwide over concerns about potential Chinese government influence over the platform.

11) Answer: A

Maharashtra Chief Minister (CM) Shri Eknath Shinde has launched Asia’s largest, ambitious and historic cluster development scheme in Thane, Maharashtra.

The City and Industrial Development Corporation (CIDCO) will execute the project.

The occupants will get a 323 Square feet ownership house.

Key Highlights :

The scheme was conceptualised for the collective redevelopment of unauthorised and official dangerous buildings after the collapse of the Sairaj Building in Thane which had claimed 18 lives.

The redeveloped township plan includes well-equipped health, educational, sports, recreational, parking, mandi, and civic facilities.

Under the project, the integrated redevelopment project will be done on the lines of townships.

In the first phase, a total of 10,000 tenements are being built on a cumulative area of 1,500 hectares, which will be the biggest in Asia

12) Answer: C

The Government of Haryana launched a special campaign to raise awareness about door-to-door waste collection and segregation.

Urban Local Bodies Minister, Dr. Kamal Gupta stated that this is a part of government’s continuous efforts to transform every city in the state into a ‘Clean City-Safe City’.

Dr. Kamal Gupta was presiding over a review meeting held at Chandigarh.

The meeting was attended by Municipal Corporation Commissioners, District Municipal Commissioners, and officers of the Urban Local Bodies Department (ULB).

During the meeting, he directed the officers to take concrete measures for the beautification of cities including repair of roads, parks and parking facilities.

13) Answer: E

The Heavy-Weight anti-submarine Torpedo named ‘Varunastra’, developed by the Indian Navy and the Defence Research and Development Organisation (DRDO), successfully engaged an underwater target.

It showcases India’s commitment to future proof combat readiness through aatmanirbharta.

What is Torpedo?

The torpedo is an underwater ranged weapon launched above or below the water surface, self-propelled towards a target, and with an explosive warhead designed to detonate either on contact with or in proximity to the target.

The term torpedo originally applied to a variety of devices, most of which would today be called mines.

About ‘Varunastra’ :

The Varunastra is an Indian advanced heavyweight anti-submarine torpedo, developed by Naval Science and Technological Laboratory (NSTL) of the DRDO for the Indian Navy.

It is named after a legendary weapon created by the Hindu god of the oceans, Varuna.

The torpedo is powered by an electric propulsion system with multiple 250 KWs silver oxide zinc (AgOZn) batteries.

It can achieve speeds in excess of 40 kn (74 km/h; 46 mph), weighs around 1.5 tonnes and can carry 250 kg (550 lb) of conventional warhead.

This torpedo has more than 95% indigenous content.

14) Answer: B

The Islamic Revolutionary Guard Corps (IRGC) of Iran has unveiled its first-ever Indigenously made hypersonic ballistic missile, called Fattah, or “Conqueror” (in Farsi language).

The missile can move at a speed of up to Mach 15 (5,145 metres or 16,880 feet per second), has a range of 1,400km (870 miles) and features a moveable secondary nozzle and employs solid propellants that allow for high manoeuvrability.

What is a hypersonic missile?

A hypersonic missile is a weapon system which flies at least at the speed of Mach 5 i.e. five times the speed of sound and is manoeuvrable.

The 2 types of hypersonic weapons systems are Hypersonic Glide Vehicles (HGV) and Hypersonic Cruise Missiles.

The HGV are launched from a rocket before gliding to the intended target while the hypersonic cruise missile is powered by air breathing high speed engines or ‘scramjets’ after acquiring their target.

15) Answer: D

In a significant step towards enhancing domestic production of pulses, the Government has removed the procurement ceilings of 40 percent for tur, urad, and Masur under Price Support Scheme PSS operations for 2023-24.

The decision, in effect, assures the procurement of these pulses from farmers at MSP without ceilings.

The assured procurement of these pulses by the Government at remunerative prices will help motivate the farmers to enhance sowing area in respect of tur, urad, and Masur in the upcoming Kharif and Rabi sowing seasons in order to enhance production.

The government has imposed stock limits on tur and urad by invoking the Essential Commodities Act, 1955 in order to prevent hoarding and unscrupulous speculation and also to improve affordability to the consumers.

The stock limits have been made applicable to wholesalers, retailers, big chain retailers, millers, and importers.

16) Answer: E

A Memorandum of Understanding has been signed between NHPC Limited and Department of Energy, Government of Maharashtra for the development of Pumped Storage schemes and other Renewable Energy Source projects in the state of Maharashtra.

The MoU envisages development of four Pumped Storage Projects aggregating to a total capacity of 7,350 MW, namely Kalu – 1,150 MW, Savitri – 2,250 MW, Jalond – 2,400 MW and Kengadi -1,550 MW.

Other Renewable Energy Source Projects too will be developed in the state under the agreement.

The MoU entails harnessing the Pump Storage Projects as Energy Storage Solutions to help achieve the national objective of Energy Transition, i.e., installed capacity of 500 GW of renewable energy by 2030 and Net Zero by 2070.

These projects will attract an investment of about Rs. 44,000 crores and will generate indirect and direct employment for 7,000 people in the state,

The MoU was signed in the presence of Deputy Chief Minister, Govt. of Maharashtra, Devendra Fadnavis.

17) Answer: D

GufiPaintal, best known for playing ‘Shakuni mama’ in the epic TV serial “Mahabharat”, has passed away at the age of 79 in Mumbai, Maharashtra.

About GufiPaintal :

Initially he joined the Indian army during the Sino-Indian War in 1962.

Paintal’s acting credits also include 1980s Hindi films such as “Suhaag”, “Dillagi”, as well as television shows “CID” and “Hello Inspector”

He made his debut with the 1975 film RafooChakkar.

His last show was Jai Kanhaiyyalal ki on Star plus.

18) Answer: D

Every year on June 8th, World Ocean Day is commemorated to raise awareness of the ocean’s vital role in human life and ways to conserve it across the world.

The theme of this year’s (2023) United Nations World Oceans Day is ‘Planet Ocean: Tides are Changing’.

In 1992, during the Earth Summit in Rio de Janeiro, the notion of World Ocean Day was introduced.

In 2008 World Ocean Day was officially created by the United Nations General Assembly to be observed yearly on June 8 to address ocean issues and conserve ocean water.

On June 8, 2009, The United Nations General Assembly formally designated the day with Resolution 63/111.

19) Answer: B

The Union Cabinet, chaired by the Hon’ble Prime Minister Shri Narendra Modi, approved Metro Connectivity from HUDA City Centre to Cyber City with Spur to Dwarka Expressway, Gurugram covering the distance of 28.50 km having 27 stations on the route.

The total completion cost of the project will be Rs.5,452 crore.

This will be a standard gauge line of 1435 mm (5 ft 8.5 inches).

The entire project will be elevated.

The spur from Basai village has been provided for connectivity to depot.

The project is proposed to be completed in four years from the date of sanction of the Project and is to be implemented by Harayana Mass Rapid Transport Corporation Limited (HMRTC) which will be set up as a 50:50 Special Purpose Vehicle (SPV) of the Government of India and Government of Haryana after sanction order is issued.

20) Answer: E

Every year on June 8th, World Brain Tumor Day is commemorated

The day raises awareness of brain tumors and educates people about them.

In 2000, World Brain Tumor Day was declared by the Deutsche Hirntumorhilfe as an International Commemoration Day.

Since 2000, this day has been commemorated every year on 8th June and 2023 will observe the 23rd anniversary of the World Brain Tumor Day.

World Brain Tumor Day is now celebrated annually on 8 June as a tribute to all brain tumor patients and their families.