Daily Current Affairs Quiz – 09th & 10th April 2023

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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2023 of 09th & 10th April 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) The Reserve Bank of India (RBI) has imposed a monetary penalty of ______ on Mahindra & Mahindra Financial Services Limited for non-compliance.

(a) ₹3.77 crore

(b) ₹2.77 crore

(d) ₹6.77 crore

(e) ₹5.77 crore

2) Which of the following company has secured USD 100 million in long-term fundingjointly from Export Development Canada (EDC) and Deutsche Bank?

(a) Shriram Finance Limited

(b) Manappuram Finance Limited

(d) India Infoline Limited

(e) Muthoot Finance Limited

3) Consider the following statement regarding the Reserve Bank of India (RBI) data. Which of the following statement is correct?

(i) According to the Reserve Bank of India (RBI) data India’s Bank credit rose by 15% year-on-year (YoY) in 2022-23 (FY23), against 9.6% YoY in 2021-22 (FY22).

(ii) Bank deposits expanded 9.58% YoY in FY23, against 8.9% YoY growth seen in the FY22.

(iii) The interest rate on one-year term deposits was in the range of 5-5.6% around the end of March 2022 and moved up to 6-7.25% by the end of March 2023.

(a) Only (i)

(b) Both (i) and (ii)

(d) Both (ii) and (iii)

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

4) Indian Bank has launched a new retail term deposit named “IND SUPER 400 DAYS”. What is the minimum deposit amount for “IND SUPER 400 DAYS”?

(a) Rs.5000

(b) Rs.10000

(d) Rs.1000

(e) Rs.8000

5) The Union Cabinet approved a project to build an advanced gravitational-wave detector in ______________ at an estimated cost of Rs 2,600 crore.

(a) Madhya Pradesh

(b) Maharashtra

(d) Punjab

(e) Uttar Pradesh

6) Which Ministry has launched a 3 month campaignto achieve saturation under Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY)?

(a) Ministry of Rural Development

(b) Ministry of Health

(d) Ministry of Corporate Affairs

(e) Ministry of Environment

7) Finance Minister Nirmala Sitharaman presented Rs 1.18 lakh crore Budget for _____________ for the year 2023-24 with a thrust on providing housing in rural areas and water tap connections to 18.36 lakh households.

(a) Ladakh

(b) Gujarat

(d) Uttar Pradesh

(e) Karnataka

8) Which of the following city has been declared the first tourism and cultural capital of the Shanghai Cooperation Organisation (SCO)?

(a) Mathura

(b) Ayodhya

(d) Kashi

(e) Prayagraj

9) India Grid has launched its first battery energy storage system linked to solar panels in which of the following state?

(a) Maharashtra

(b) Andhra Pradesh

(d) Telangana

(e) Tamilnadu

10) Which state government has launched ‘Anaivarukkum IIT-M initiative for the state government school students?

(a) Karnataka

(b) Tamil Nadu

(d) Uttar Pradesh

(e) Madhya Pradesh

11) The Kerala Shipping and Inland Navigation Corporation (KSINC) has introduced its first solar-powered tourist vessel named _____________ in Kochi backwaters, Kerala.

(a) Keralamshi

(b) Sooryamshu

(d) Karamnshu

(e) Navingshu

12) The Union Cabinet gave its nod for inking an agreement with German bank KfW for _________ Green Energy Corridor Project.

(a) Telangana

(b) Haryana

(d) Kerala

(e) Karnataka

13) Where was the second Meeting of the Global Partnership for Financial Inclusion (GPFI) heldunder G20 (Group of Twenty) India Presidency?

(a) Hyderabad, Telangana

(b) Lucknow, Uttar Pradesh

(d) Mumbai, Maharashtra

(e) Chennai, Tamil Nadu

14) In which state theYaoshang festival has been celebrated every year on the full moon of Lamta month (February-March) of the Meitei lunar calendar?

(a) Sikkim

(b) West Bengal

(d) Manipur

(e) Nagaland

15) Reliance Industries Ltd and its telecom arm Jio Infocomm has raised a total of ____________ in the largest syndicated loan in India.

(a) $7 billion

(b) $5 billion

(d) $3 billion

(e) $4 billion

16) Recently in April 2023, Which countries’highest Order of the White Eagle award has been awarded to Volodymyr Zelensky?

(a) Slovakia

(b) Austria

(d) Poland

(e) Hungary

17) Which company has won the `Best Production /Process Development’ award as part of the Vaccine Industry Excellence (ViE) awards at the World Vaccine Congress 2023?

(a) Dr. Reddy’s Laboratories

(b) Bharat Biotech

(d) Lupin Limited

(e) Cipla

18) As per the recent report, Whichof the following became the best-performing state among North Eastern States in implementing e-Procurement?

(a) Assam

(b) Tripura

(d) Meghalaya

(e) Goa

19) Which is the only city in India that has featured in the list of top twenty cities with best public transport in the world, according to the Time Out report?

(a) Kolkata

(b) Hyderabad

(d) Noida

(e) Indore

20) Who has topped the list of most influential people around the world, for TIME magazine’s 100th edition of the list?

(a) Lionel Messi

(b) Elon Musk

(d) Shah Rukh Khan

(e) Cristiano Ronaldo

21) Who has been selected for World Economic Forum’s Young Global Leaders Class 2023?

(a) Eknath Shinde

(b) Aaditya Thackeray

(d) Ajit Pawar

(e) Bal Thackeray

22) Which ministry has extended the term of Chandra Shekhar Rajan as non-executive chairman of IL&FS (Infrastructure Leasing & Financial Services Limited) up to September 30, 2023?

(a) Ministry of Statistics and Programme Implementation

(b) Ministry of Home

(d) Ministry of Corporate Affairs

(e) Ministry of Environment

23) The Extended Range Anti-Submarine Rocket (ER-ASR) has been successfully test-fired for the first time from Navy’s ______________.

(a) INS Vikrant

(b) INS Tarkash

(d) INS Visakhapatnam

(e) INS Delhi

24) Who is the author of the new book titled ‘The Great Bank Robbery’?

(a) S.L. Jain

(b) Sabyasachee Dash

(d) All of the above

(e) Both B and C

25) Every year, World Homeopathy Dayis celebrated on which of the following date?

(a) 09 April

(b) 10 April

(d) 08 April

(e) 12 April

Answers :

1) Answer: D

The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹6.77 crore on Mahindra & Mahindra Financial Services Limited for non-compliance with the “Non-Banking Financial Company-Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016”.

The statutory inspection of the company was conducted by RBI with reference to its financial position as on March 31, 2019 and March 31, 2020.

Meanwhile, the RBI imposed a fine of Rs 55 lakh on Indian Bank for non-compliance with certain provisions of the Reserve Bank of India (Know Your Customer) Directions, 2016.

This penalty has been imposed in the exercise of powers vested in RBI under the provisions of section 47 A (1) (c) read with sections 46 (4) (i) and 51 (1) of the Banking Regulation Act, 1949.

Also, the RBI has imposed a monetary penalty of ₹10.50 lakh on Muthoot Money Limited, Ernakulam, Kerala for non-compliance with certain provisions of the ‘Monitoring of Frauds in NBFCs (Reserve Bank) Directions, 2016’.

2) Answer: C

Fairfax-backed, leading Mumbai-based non-banking financial company (NBFC), IIFL Finance Limited (IIFL), has secured USD 100 million in long-term funding, jointly, from Export Development Canada (EDC) and Deutsche Bank.

The NBFC secured USD 50 million from EDC and USD 50 million from Deutsche Bank, respectively.

Key Highlights :

The deal was structured under the aegis of Deutsche Bank as mandated lead arranger, book runner and co-financier.

This would also be IIFL’s second loan from EDC.

Previously, it had secured funding of USD 100 million from EDC in 2019.

IIFL Finance had raised USD 400 million through its maiden dollar bond issue in February 2020.

3) Answer: E

According to the Reserve Bank of India (RBI) data India’s Bank credit rose by 15% year-on-year (YoY) in 2022-23 (FY23), against 9.6% YoY in 2021-22 (FY22).

FY23 credit growth is highest since 2011-12, when it was 19.3%.

Key Highlights :

Bank deposits expanded 9.58% YoY in FY23, against 8.9% YoY growth seen in the FY22.

The RBI data showed that bank deposit mobilisation lagged behind credit disbursements in FY23.

They raised Rs 15.78 trillion through deposits in FY23, against Rs 13.51 trillion raised in FY22.

The credit in absolute terms rose Rs 17.83 trillion in FY23, up from Rs 10.43 trillion in FY22.

According to the RBI’s Scheduled Bank’s Statement of Position in India, the outstanding credit stood at Rs 136.75 trillion at the end of FY23 (March 24, 2023), up from Rs 118.91 trillion a year ago (March 25, 2022 — FY22).

Outstanding deposits stood at Rs 180.43 trillion, against Rs 164.6 trillion a year ago.

The interest rate on one-year term deposits was in the range of 5-5.6% around the end of March 2022 and moved up to 6-7.25% by the end of March 2023.

The savings deposit rate remained in the range of 2.7-3% in March 2022 and March 2023.

4) Answer: B

Indian Bank, a public sector bank, launched a new retail term deposit named “IND SUPER 400 DAYS” with 0.05% higher interest rate to women investors & fixed maturity tenor of 400 days in the form of FD/MMD (Fixed Deposits/Money Multiplier Deposits)

Key Features :

IND SUPER 400 DAYS -Rate of Interest (% pa) :

5) Answer: B

The Union Cabinet approved a project to build an advanced gravitational-wave detector in Maharashtra at an estimated cost of Rs 2,600 crore.

LIGO-India is scheduled to begin its scientific operation from 2030.

LIGO India will be the fifth detector after Virgo of Italy and KAGRA of Japan.

It will be made with the exact specifications of Laser Interferometer Gravitational-wave \Observatories (LIGO) in Louisiana and Washington in the U.S.

The LIGO-India project is a collaboration between a consortium of Indian research institutions, U.S. observatories, and other international partners.

It will be built by the Department of Atomic Energy and the Department of Science and Technology, with a memorandum of understanding (MoU) with the National Science Foundation, the US, along with several national and international research and academic institutions.

6) Answer: C

To achieve saturation under Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY), the Finance Ministry launched a three-month campaign.

A special 3 months campaign has been launched by DFS at Gram Panchayat Level covering all districts in the country to saturate all eligible persons under the PMJJBY and PMSBY w.e.f 1st April 2023 to the 30th June 2023.

Under the campaign, camps are going to be organise d at the Gram Panchayat level across all districts in the country by the banks with active participation of the State administration and other Ministries of the Government of India to ensure that benefits of the two Jan Suraksha schemes reach the masses.

7) Answer: C

Finance Minister Nirmala Sitharaman presented Rs 1.18 lakh crore Budget for Jammu and Kashmir for the year 2023-24 with a thrust on providing housing in rural areas and water tap connections to 18.36 lakh households.

The Budget assures to double the UT’s GDP within five years and has themes of good governance, strengthening grass-root democracy, promoting sustainable agriculture, facilitating investment and industrial growth, employment generation, accelerated development and inclusive growth, and women empowerment and social inclusion.

All 18.36 lakh households of Jammu and Kashmir will have functional tap connections by 2023-24.

8) Answer: D

‘Kashi’(Varanasi) has been declared the first tourism and cultural capital of the Shanghai Cooperation Organisation (SCO).

The declaration was made by a meeting of the SCO heads of Tourism Administrations held in Varanasi, Uttar Pradesh (UP).

The initiative will garner more attention by highlighting the spiritualism, mysticism, and learning of Kashi which is also the cradle of Indian civilization.

The meeting also adopted the Action Plan for “Year of Tourism Development in the SCO Space in 2023.

The next meeting of the SCO Heads of Tourism Administrations will be held in Kazakhstan in 2024.

9) Answer: A

India’s first listed power sector infrastructure investment trust,India Grid Trust has commissioned its first battery energy storage system (BESS) project coupled with its solar panels at the Dhule substation in Maharashtra.

The project will meet the substation’s auxiliary consumption requirement.

The BESS solution, coupled with solar generation, also acts as a prototype for expanding its presence in energy transition opportunities in the sector.

10) Answer: B

Tamil Nadu (TN) Chief Minister (CM) Shri M K Stalin launched Anaivarukkum IITM’ (IIT-M for All) the initiative of the Indian Institute of Technology (IIT), Chennai, to connect the institution with one lakh government school students in TN studying in rural locations to electronic science.

He also announced a new talent support scheme, ThiranariThervuThittam, for state-run school students that carries a Rs 1,000 monthly stipend.

ThiranariThervuThittam means a scheme to spot and nurture talent.

The objective is to encourage and help Tamil Nadu government schools students to continue their higher education without hurdles.

A stipend of Rs 1,000 would be provided every month until the students complete Class 12.

They would also get Rs 12,000 as stipend annually during their under-graduation and post-graduation.

11) Answer: B

The Kerala Shipping and Inland Navigation Corporation (KSINC) has introduced its first solar-powered tourist vessel named ‘Sooryamshu’ in Kochi backwaters, Kerala.

The ₹3.95-crore vessel that can carry up to 100 passengers was built at a yard in Sri Lanka and is among the few in Kochi whose safety and allied features are certified by the Indian Register of Shipping (IRS).

The vessel will have a 6-hour day cruise priced at ₹799 per person in which it will operate in the Marine Drive-Kadamakudy corridor and later 10 km into the sea.

12) Answer: D

The Union Cabinet gave its nod for inking an agreement with the German development bank, KfW, for securing a loan for the Green Energy Corridor (GEC) project being implemented by the Kerala State Electricity Board (KSEB).

The tripartite agreement will be signed by the State government, KSEB and KfW.

Key Highlights :

The Central government and KfW had signed an agreement on November 11, 2022 for the ₹1,457-crore Kerala GEC project.

At the current rates, the project will be eligible for a KfW loan of €102.11 million (approximately ₹916 crore) at 3% to 4% interest.

A sum of ₹138.71 crore will be available as a Central government grant.

Both the Law and Finance departments had given the go-ahead for the proposal.

Kerala needs to award the works before November 23, 2023, for securing the Central grant.

13) Answer: A

The second Meeting of the Global Partnership for Financial Inclusion (GPFI) under G20 (Group of Twenty) India Presidency concluded in Hyderabad, Telangana.

The meeting was led by GPFI Co-Chair and G20 India Presidency.

Participants :

Ministry of Finance and Central Bank representatives from Bangladesh, Bhutan, Egypt, Ethiopia, Ghana, Jordan, Malawi, Maldives, Nepal, Oman, Philippines, Poland, Senegal, Sierra Leone, Sri Lanka, Thailand, Vietnam as well as from Regional Organizations, namely, the Asian Development Bank, the African Union Commission, the African Continental Free Trade Area (AfCFTA), the Arab Monetary Fund, the Eastern Caribbean Central Bank, the Gates Foundation, the Organisation of Eastern Caribbean States and Smart Africa actively participated in the deliberations.

14) Answer: D

In Manipur, The Yaoshang festival is celebrated every year on the full moon of Lamta month (February-March) of the Meitei lunar calendar.

The festival is celebrated by the Meetei who are predominantly Hindu and it is celebrated at the same time as Holi.

About Yaoshang Festival :

The festival marks the rejuvenation of the spirit of life and commemorates the birthday of Chaitanya Mahaprabhu.

The 5-day-long celebration begins with the burning of ‘yaoshang’ (a small thatch hut/straw hut) which is constructed with bamboo and straws on the first day

The highlight of the festival is the ThabalChongba, a traditional Manipuri folk dance.

15) Answer: B

Reliance Industries Ltd and its telecom arm Jio Infocomm have raised a total of USD 5 billion in back-to-back foreign currency loans, the largest syndicated loan in India’s corporate history.

Reliance raised USD 3 billion last week from 55 banks and Reliance Jio Infocomm secured additional credit of USD 2 billion from 18 banks.

The USD 3 billion financing closed on March 31 and the add-on facility of USD 2 billion was secured.

Reliance will mainly deploy the funds raised towards its capital expenditure, while Jio would put the money to finance its nationwide 5G network rollout.

The USD 2 billion add-on will be split equally between Reliance and Jio and is likely to be wrapped up by the end of April.

Eighteen banks, including the 15 senior MLABs of the USD 3 billion loan and others joining in the senior phase, are expected to form the syndicate for the USD 2 billion add-on, which is split equally for Reliance and Jio, and is likely to be wrapped up by the end of the month.

MLAB refers to Mandated Lead Arranger and Book Runner.

Reliance Industries Ltd’s (RIL) last syndicated offshore borrowing was a USD 1.45 billion dual-currency financing completed in 2020.

16) Answer: D

Volodymyr Zelensky has been awarded Poland’s highest Order of the White Eagle award.

He has received the award for his service to security, resilience and the defense of human rights.

Polish President Andrzej Duda presented the award to Volodymyr Zelensky.

The Order of the White Eagle is Poland’s oldest and highest decoration.

It is given to the most eminent persons of Poland and the highest-ranking representatives of foreign countries.

This award was officially instituted on 1 November 1705 by Augustus II the Strong, King of Poland.

Zelenski also met with the Prime Minister of Poland Mateusz Morawiecki before attending a Polish-Ukrainian economic forum.

17) Answer: B

Bharat Biotech has won the `Best Production /Process Development’ award as part of the Vaccine Industry Excellence (ViE) awards at the World Vaccine Congress 2023.

The Congress was held during April 3-6 in Washington, USA.

Hyderabad-based Bharat Biotech was the only Indian company in the list of VIE awards in various categories, including best clinical trial company, best clinical trial network, best central/speciality laboratory award, best contract research organisation, best production/process development award, among others.

Bharat Biotech is the world’s first producer of intranasal Covid-19 vaccine, iNcovacc.

Its intramuscular vaccine, Covaxin, is part of India’s public vaccination programme and was also exported.

18) Answer: B

Tripura became the best-performing state among North Eastern States in implementing e-Procurement.

Tripura received this award at a National Workshop on e-Procurement.

A National Workshop on e-Procurement was organized by the Ministry of Finance and the Ministry of Electronic and Information Technology.

The Tripura government has been recognized for their work in various departments in the last 5 years.

The Tripura government has received this award for completing the work within a specified time under the Power Department’s Saubhagya Yojana.

Tripura also gets the title of the best performer in agriculture, and panchayat self-employment.

19) Answer: C

Mumbai, Maharashtra’s capital has featured in the list of top twenty cities with best public transport in the world.

The city’s Suburban Railways, which was the first passenger railway to be built by the British East India Company, forms the backbone of public transport for a population of 12.5 million.

The list that has been released by Time Out, the publisher of global city guides.

Maharashtra’s capital city Mumbai featured in the nineteenth rank on the list.

The Indian megacity recently introduced Chalo Pay, a new app that makes it easier to book and pay for transit tickets without needing to carry cash.

Further, seven of the top 19 cities hailed for their mass transit systems are in Asia.

Tokyo, in third place, that had the highest showing for the continent.

20) Answer: D

Shah Rukh Khan the man that gave Bollywood its biggest hit “Pathaan’ since the industry seemed to have been suffering in box office collections in the post-covid era, has now ranked highest in TIME 100 Reader Poll.

Shah Rukh Khan, 57, topped the list of most influential people around the world, for TIME magazine’s 100th edition of the list.

Shah Rukh Khan received 4 percent of the 1.2 million votes cast by readers in the 2023 TIME100 poll.

Notably, Shah Rukh Khan has an estimated net worth of ₹627 million ($770 million), making him the richest actor in Asia and fourth richest actor all over the world.

In January 2023, defeating fellow immensely famous and cult actors like Tom Cruise, Jackie Chan, and George Clooney, Shah Rukh Khan took the fourth position in the list of eight richest actors of the world released by World of Statistics.

The list that also featured Elon Musk, Lionel Messi, Prince Harry, Meta CEO Mark Zuckerberg, Meghan Markle saw the Bollywood legend top the list.

21) Answer: B

The World Economic Forum (WEF) inducted Shiv Sena (UBT) leader Aaditya Thackeray and national vice president of BJP youth wing Madhukeshwar Desai to the list of world’s most promising public figures under the age of 40.

Announcing the list of nearly 100 new members to its Forum of Young Global Leaders, the WEF said the fresh inductions included promising political leaders, innovative entrepreneurs, game-changing researchers and visionary activists, who are accelerating positive and lasting change in their communities, countries and the world.

It also highlighted that the members of the Forum have gone on to become Nobel Prize recipients, heads of state, CEOs of Fortune 500 companies and Grammy Award winners.

22) Answer: D

The Ministry of Corporate Affairs (MCA) has extended the term of Chandra Shekhar Rajan as non-executive chairman of IL&FS (Infrastructure Leasing & Financial Services Limited) up to September 30, 2023.

Besides, the ministry has also extended the term of Nand Kishore as managing director of IL&FS up to March 31, 2024.

23) Answer: C

The Extended Range Anti-Submarine Rocket (ER-ASR) designed by two Pune-based facilities of the Defence Research and Development Organisation (DRDO) was successfully test-fired for the 1st time from Navy’s INS Chennai.

The ER-ASR was designed and developed by Pune-based Armament Research and Development Establishment (ARDE) and High Energy Materials Research Laboratory (HEMRL).

The rocket has been designed to replace the existing Russian-origin Rocket Guided Bombs (RGBs).

It is designed to intercept submarines at specific depths.

Key Highlights :

During the maiden tests conducted from Navy’s guided missile destroyer INS Chennai, the performance of the rocket system was evaluated at the short range of 2.7 kilometres and in long range mode at 8.5 kilometres.

24) Answer: E

A New Book Titled ‘The Great Bank Robbery’ is authored by V Pattabhi Ram and Sabyasachee Dash.

Co-authored with Pattabhi Ram Published by Rupa Publications India

In ‘The Great Bank Robbery’, the authors, both chartered accountants, explore how a bank works, the scandals that have rocked the banking world and focus on the role played by auditors, bankers, credit raters and directors.

Set in 2036, the novel has been written in a conversational style.

Authors have cited eleven major financial scams in post-independent India to highlight how vast amounts of public money have vanished from banks over the last few decades.

25) Answer: B

World Homeopathy Day 2023 is celebrated on the 10th of April every year.

The day is celebrated to spread knowledge of homeopathy medicine in public health.

The World Homeopathy Day 2023 theme is “One Health, One Family”.

Dr. Christian Samuel Hahnemann father and founder of homeopathy were born on 10th April in 1755.

His birth anniversary was celebrated as World Homeopathy Day.

World Homeopathy Day is celebrated to spread knowledge of homeopathy.

It is one of the alternative medicine that works on healing responses of the patient’s body.

Homeopathy believes that diseases can be cured by natural ingredients.

2 years ago

Daily Current Affairs Quiz – 09th & 10th April 2023

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