Daily Current Affairs Quiz – 11th February 2023

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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2023 of 11th February 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 RBI has proposed to permit the lending and borrowing of government securities (G-Secs) to further develop the government securities market.What is the new market hours for the G-Secs?

(a) 9.30 am – 5 pm

(b) 9 am – 5 pm

(d) 11 am – 5 pm

(e) 9.30 am – 4.30 pm

2) Which organisation is preparing a pilot project on QR code-based coin vending machines (QCVM)to promote distribution of coins, and enhance the accessibility to coins?

(a) RBI

(b) SEBI

(d) NABARD

(e) NPCI

3) The Reserve Bank of India (RBI) has proposed to extend the __________ facility to inbound travellers for merchant payments; initially to travellers from G20 countries.

(a) NEFT

(b) RTGS

(d) UPI

(e) All of the above

4) Which of the following company has launched ‘Co-lend’, India’s first fully automated escrow management solution for co-lending?

(a) PhonePe

(b) Paytm

(d) Cashfree

(e) Razorpay

5) The Pradhan Mantri Mudra Yojana (PMMY) helped in generating 1.12 crore net additional employment during 2015-2018. What is the maximum loan amount given in the Pradhan Mantri Mudra Yojana?

(a) Rs 20 lakh

(b) Rs 15 lakh

(d) Rs 25 lakh

(e) Rs 10 lakh

6) Prime Minister Narendra Modi has launched how many initiatives in the green energy sector during the inaugural India Energy Week in Bengaluru?

(a) 4

(b) 2

(d) 5

(e) 6

7) At the Monetary Policy Committee announcement, RBI Governor Shaktikanta Das has announced the expansion of the scope of TReDs. What does ‘D’ denotes in TReDs?

(a) Development

(b) Decrease

(d) Drive

(e) Double

8) Who among the following has launched ‘Digital Payments Utsav’ in New Delhi to promote Digital Payments across the country?

(a) Nitin Gadkari

(b) Narendra Modi

(d) Rajnath Singh

(e) Ashwini Vaishnaw

9) Consider the following statement regardingNITI Aayog report titled “Transforming Industrial Training Institutes (ITIs)”. Which of the following statement is incorrect?

(i).NITI Aayog proposed a seven-pronged strategy to transform more than 15,000 ITIs in India.

(ii) Andhra Pradesh has the highest number of ITIs.

(iii) Around 78.40% of all ITIs are operated by private entities while 21.59% of ITIs are government institutions.

(a) Only (i)

(b) Both (i) and (ii)

(d) Both (ii) and (iii)

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

10) Danish brewer Carlsberg has stated that the Khetan Group which owns 33% shares in the holding company which manages businesses in India and _______has put a formal notice to sell its entire stake to the brewer for $744 million.

(a) Bangladesh

(b) Nepal

(d) Bhutan

(e) China

11) Bombay Stock Exchange (BSE) has approved divestment of ______stake in Central Depository Services (India) Ltd (CDSL) through an Offer for Sale (OFS) route.

(a) 1.5%

(b) 3.3%

(d) 3.5%

(e) 2.5%

12) With which company did the Ministry of Defence (MoD) has sign a contract for the procurement of 41 indigenous modular bridges worth over Rs 2,585 crore for the Indian Army’s Corps of Engineers?

(a) HAL

(b) Vedanta

(d) NTPC

(e) DRDO

13) The Indian Space Research Organisation (ISRO), along with the Indian Navy, has conducted an important trial for the Gaganyaan, human space flight mission in__________.

(a) Mumbai, Maharashtra

(b) Gorakhpur, Uttar Pradesh

(d) Kochi, Kerala

(e) Adalaj, Gujarat

14) Who has won the award for her book “Now You Breathe – Overcoming Toxic Relationships and Abuse” in the category Powerful Relationship Guide?

(a) Alkesh Tandon

(b) Sheela Kaur

(d) Maya Sarao

(e) Roshini Kapoor

15) Which of the following IT company has secured its largest UK deal in three years with a new agreement with an insurance services provider?

(a) Accenture

(b) TCS

(d) Cognizant

(e) Wipro

16) As per the recent report, What is the increased Net inflows under non-resident deposits during April-November 2022?

(a) $2.6 billion

(b) $3.8 billion

(d) $3.6 billion

(e) $2.9 billion

17) Which company has entered a strategic partnership with Vultr to deliver cloud solutions to enterprises in India?

(a) BharatiAirtel

(b) BSNL

(d) NSIL

(e) TRAI

18) Which of the following company has announced an official partnership with the International Cricket Council (ICC)?

(a) JIO

(b) Polycab India

(d) VIVO

(e) BYJU’S

19) Which company has entered into a partnership with Io Tech World Avigation for the introduction of drone spraying in the agriculture sector across India?

(a) Bayer Crop Science

(b) Godrej Agrovet

(d) Syngenta India

(e) Insecticides India

20) Penguin India has recently published a new book on Satyajit Ray named “Best of Satyajit Ray.”Satyajit Ray was honoured with the Bharat Ratna in ________.

(a) 1995

(b) 1992

(d) 1989

(e) 1985

Answers :

1) Answer: B

Reserve Bank of India (RBI) Governor Shaktikanta Das proposed to permit the lending and borrowing of government securities (G-Secs) to further develop the government securities market.

This will provide investors with an avenue to deploy their idle securities, enhance portfolio returns and facilitate wider participation.

Key Highlights :

The market hours for the government securities market were restored to pre-pandemic timing of 9 am – 5 pm (from the current 9 am to 3.30 pm) to move towards normalising liquidity and market operations.

About G-Sec :

As per the RBI, a G-Sec is a tradable instrument issued by the Central Government or the State Governments and acknowledges the Government’s debt obligation.

2) Answer: A

The Reserve Bank of India (RBI) is preparing a pilot project on QR code-based coin vending machines (QCVM).

The announcement was made by RBI Governor Shaktikanta Das during the Monetary Policy Committee (MPC) meeting.

Aim :

To promote distribution of coins, and enhance the accessibility to coins.

The pilot project will roll out in 19 locations in 12 cities across the country.

These vending machines are planned to be installed at public places such as railway stations, shopping malls, and marketplaces to enhance ease and accessibility.

3) Answer: D

The Reserve Bank of India (RBI) has proposed to extend the UPI facility to inbound travellers (those who come to visit the country for travelling purpose) for merchant payments; initially to travellers from G20 countries.

Key Highlights :

The new facility will help travellers coming to India to be able to use UPI for retail payments conveniently.

Initially, the UPI facility will be available to travellers from G-20 countries that include Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, Turkiye, United Kingdom, and United States and European Union (EU).

4) Answer: D

India’s leading payments and API banking solutions company, Cashfree Payments, launched ‘Co-lend’, India’s first fully automated escrow management solution for co-lending.

It has been developed in line with the digital lending guidelines announced by the RBI.

Key Highlights :

It facilitates instant disbursal with auto reconciliation and a dashboard for managing multiple partnerships.

It requires no manual intervention, automatically notifies the loan management system, and eliminates reconciliation efforts.

Currently, in co-lending partnerships, the reconciliation of funding to the escrow accounts for disbursement and repayments is done manually, resulting in errors and delays.

It provides a robust platform for co-lending originators and lenders with high volumes of loans, where real-time disbursement, repayment and reconciliation are primary requirements

5) Answer: E

The PradhanMantri Mudra Yojana (PMMY) helped in generating 1.12 crore net additional employment during 2015-2018, Union Minister of State for Finance BhagwatKarad said in a written reply in LokSabha.

PradhanMantri Mudra Yojana, an important aspect of financial inclusion, is enabling the flow of credit to small businesses.

In pursuance of the announcement in the Union Budget 2015-16, the Micro Units Development Finance Agency (MUDRA) Ltd was established as a wholly owned subsidiary of Small Industries Development bank of India (SIDBI).

About PMMY

The PradhanMantri Mudra Yojana (PMMY) was launched on April 8, 2015 for providing loans up to Rs 10 lakh to any individual including women, proprietary concern, partnership firm, private limited company or any other entity.

These loans are given by commercial banks, regional rural banks (RRBs), Small Finance Banks, Micro Finance Institutions (MFIs) and Non-Banking Financial Companies (NBFCs).

Under the aegis of PMMY, MUDRA has created three products namely, ‘Shishu’, ‘Kishore’ and ‘Tarun’ to signify the stage of growth or development and funding needs of the beneficiary micro unit or entrepreneur.

Shishu: covering loans up to Rs 50,000.

Kishor: covering loans above Rs 50,000 and up to Rs 5 lakh.

Tarun: covering loans above Rs 5 lakh and up to Rs 10 lakh.

6) Answer: C

Prime Minister NarendraModi launched three initiatives in the green energy sector during the inaugural India Energy Week in Bengaluru.

The first was the ‘Unbottled’ project of the Indian Oil Corporation Ltd, under which Polyethylene Terephthalate (PET) bottles are recycled to produce yarn to knit fabric.

Under this brand, IndianOil targets to meet the requirement of uniforms for the customer attendants of other Oil Marketing Companies, non-combat uniforms for Army, uniforms/ dresses for Institutions & sales to retail customers.

The other two were a solar cooking system and E20, an ethanol-blended fuel, which will be available in select cities before being supplied across the country.

‘Unbottled’ project aims at recycling 100 million PET bottles annually and will be the largest project in the world to reuse and recycle such bottles.

The commercial rollout of Indian Oil’s Solar Cooking System was also launched during the event.

7) Answer: C

At the Monetary Policy Committee announcement, RBI Governor Shaktikanta Das has announced the expansion of the scope of Trade Receivables Discounting System (TReDs).

Under the expansion, insurance facilities will be provided for invoice financing.

It will also permit rediscounting of invoices, that is, developing a secondary market in TReDS.

The RBI has also decided to permit all entities/institutions undertaking factoring business to participate as financiers in TReDS.

These measures are expected to improve the cash flows of the Micro, Small and Medium Enterprises (MSMEs).

8) Answer: E

Union Minister AshwiniVaishnaw will launch ‘Digital Payments Utsav’ in New Delhi.

The main of the ‘Digital Payments Utsav’ is to promote Digital Payments across the country.

“Digital Payments Utsav” has been planned with a focus on G-20 Digital Economy Working Group event cities.

“Digital Payments Utsav” will be organized from February 9 to October 9, 2023, in association with different stakeholders.

G-20 co-branded QR code and a Coffee Table Book will be also released.

Digital Payment SandeshYatrawill be also flagged off.

Its main aim is to make people aware of the various digital payments solution and the security and safety of digital payments.

DigiDhan awards for top-performing banks in the digital payments space will be also given during the event.

Digital payments will ensure financial inclusion and empower small merchants and street vendors in the country.

The event will conclude with the presentation of awards to bankers and fintech companies in different categories.

9) Answer: C

NITI Aayog recently launched a report titled “Transforming Industrial Training Institutes (ITIs)”.

On the lines of education boards such as the central board of secondary education, NITI Aayog has proposed setting up a separate central board for vocational education.

NITI Aayog also suggested conducting of national centralised examinations for admission to Industrial Training Institute (ITIs).

NITI Aayog proposed a seven-pronged strategy to transform more than 15,000 ITIs in India.

ITIs are the backbone of vocational training in India.

So far, revamping of ITIs have been attempted through various interventions.

The capacity utilization remains low in ITIs.

The quality of instructors is one of the main factors which influences the output of the trained candidates.

Around 78.40% of all ITIs are operated by private entities while 21.59% of ITIs are government institutions.

Uttar Pradesh has the highest number of ITIs.

66% of the total ITIs are in 5 states i.e. Uttar Pradesh, Rajasthan, Karnataka, Bihar, Madhya Pradesh, and Maharashtra.

10) Answer: B

Danish brewer Carlsberg has stated that the Khetan Group which owns 33% shares in the holding company which manages businesses in India and Nepal has put a formal notice to sell its entire stake to the brewer for $744 million (₹6,155 crore).

Key Highlights :

Carlsberg is the third largest brewer globally and Carlsberg South Asia Pte Ltd (CSAPL) is the holding company for India businesses (100%) and Nepal (90%).

The transaction (buyout of India partner) could potentially be completed in 2023 and subject to the clarification of any disputes raised by the shareholders and timelines for any regulatory approvals.

Danish brewer – best known for beer brands like Tuborg, Carlsberg, Brooklyn and Blanc.

11) Answer: E

India’s oldest stock exchange, Bombay Stock Exchange (BSE), has approved divestment of 2.5% stake in Central Depository Services (India) Ltd (CDSL) through an Offer for Sale (OFS) route.

About CDSL :

CDSL is one of the two depositories in India and the only listed one in the country, the other being National Securities Depository Limited (NSDL).

It facilitates holding and transacting in securities in the electronic form and facilitates settlement of trades on stock exchanges.

BSE for Small and Medium Enterprises (SME) is India’s largest SME platform, which has listed over 250 companies and continues to grow at a steady pace.

Meanwhile, BSE StAR MF-Mutual Fund Platform is India’s largest online mutual fund platform which processes over 27 lakh transactions per month and adds almost 2 lakh new SIPs every month.

12) Answer: C

The Ministry of Defence (MoD) signed a contract with Larsen & Toubro (L&T) for the procurement of 41 indigenous modular bridges worth over Rs 2,585 crore for the Indian Army’s Corps of Engineers.

Aim :

To provide increased mobility on the western front and is in line with Prime Minister NarendraModi’s vision for an ‘Aatmanirbhar Bharat’.

Key Highlights :

The bridges have been designed and developed by Defence Research and Development Organisation (DRDO) and shall be produced by Larsen & Toubro (L&T) as a DRDO-nominated production agency.

7 carrier vehicles based on 8×8 Heavy Mobility Vehicles (HMV) and two launcher vehicles based on 10×10 HMV are required for each set of modular bridges.

Each set will be able to mechanically launch a single-span fully decked 46-metre assault bridge.

The modular bridges will replace the manually-launched Medium Girder Bridges (MGB) that are currently being used in the Indian Army.

The Modular bridges shall have many advantages over the MGB such as increased span, less time for construction and mechanical launching with retrieval capability.

13) Answer: D

The Indian Space Research Organisation (ISRO), along with the Indian Navy, has conducted an important trial for the Gaganyaan, human space flight mission.

The trials were performed in the Indian Navy’s Water Survival Test Facility (WSTF) located in Kochi, Kerala

The first trial (uncrewed flight) for Gaganyaan is planned by the end of 2023 or early 2024, followed by sending VyomMitra,a humanoid and then with the crew onboard.

Key Highlights :

The Gaganyaan project envisages demonstration of human spaceflight capability of India.

Gaganyaan will be launching a crew of 3 members for a 3 day mission.

The members will be launched to an orbit of 400 km and bring them back safely to earth, by landing in Indian sea waters.

Vikas engine and Launch Vehicle Mark-3 (LVM-3) will be used in this mission.

A Crew Module Recovery Model (CMRM) was used for the trials.

The CMRM simulates the mass, centre of gravity, outer dimensions, and externals of the actual Crew Module at touchdown.

The safe recovery of the crew is the final step for a successful human spaceflight.

It has to be carried out with the minimum lapse of time.

14) Answer: C

RakhiKapoor has won the award for her book “Now You Breathe – Overcoming Toxic Relationships and Abuse” in the category Powerful Relationship Guide.

Now You Breathe is authorRakhiKapoor’s twenty-fifth book.

The Golden Book Awards is one of Asia’s prestigious award programs that celebrates the best works on literature.

Over 75,000 books were published in India and the nominees cover a diverse mix of literary genres including fiction, non-fiction, poetry and children’s books.

15) Answer: B

Tata Consultancy Services Ltd has secured its largest UK deal in three years with a new agreement with an insurance services provider.

London-based Phoenix Group Holdings Plc has agreed to a contract worth more than £600 million ($723 million) to digitally transform its product offering.

As part of the deal, Asia’s biggest outsourcer will integrate Phoenix-owned life and pensions provider ReAssure’s heritage business on its core financial services platform.

A TCS unit in the UK will also manage customer administration and servicing of ReAssure’s 3 million policies.

16) Answer: D

Net inflows under non-resident deposits have grown to $3.6 billion during April-November 2022 from $2.6 billion a year ago.

As per RBI governor, net inflows under non-resident deposits have been boosted by the Reserve Bank’s July 6th measures.

Under measures to attract NRI deposits, RBI had exempted incremental FCNR (B) deposits and NRE term deposits mobilised by banks (with reference to base date of July 1, 2022) from maintenance of reserves (CRR and SLR).

The exemptions became effective from the reporting fortnight beginning July 30, 2022.

These are valid for deposits raised till November 04, 2022.

Banks should keep a certain percentage of deposits as cash reserves with RBI.

This is known as Cash Reserve Ratio (CRR).

Statutory Liquidity Ratio (SLR) refers to reserves that the bank should have with them in liquid form in the short term.

17) Answer: A

BhartiAirtel has entered a strategic partnership with Vultr, world’s largest privately-held cloud computing company, to deliver cloud solutions to enterprises in India.

Airtel will offer Vultr’s extensive suite of cloud solutions to its enterprise customers.

Vultr is on a mission to make high-performance cloud infrastructure easy to use, affordable, and locally accessible for businesses and developers around the world.

The cloud solutions will be hosted in Airtel’s data centers across Bangalore, Mumbai and Delhi-NCR, enabling businesses to scale their digital operations globally.

The telecom major had previously partnered with Tech Mahindra to deploy captive private network at the automobile maker’s Chakan facility, making it the first 5G enabled auto manufacturing unit in India.

18) Answer: B

Polycab India Limited. (Polycab), India’s leading electrical goods company with a consolidated turnover of INR 122+ billion in FY22, announced an official partnership with the International Cricket Council (ICC).

The partnership will include Polycab’s sponsorship of all major men’s and women’s ICC global events scheduled until the end of 2023, including the ICC Women’s T20 World Cup in South Africa, the ICC World Test Championship Final in the United Kingdom and the ICC Men’s Cricket World Cup 2023 scheduled in India.

Through this partnership, Polycab will aim to deepen its engagement with their existing and future customer’s and drive the message – ‘We Innovate for a Brighter Living’.

Mr. Inder T. Jaisinghani, Chairman and Managing Director.

19) Answer: D

Syngenta India Pvt. Ltd. (SIPL) has entered into a partnership with IoTechWorldAvigation for the introduction of drone spraying in the agriculture sector across the country.

Under this agreement, both will work on creating employment opportunities for rural youth by training and preparing them for using drones on farmlands.

The companies have agreed, through a three-year memorandum of understanding (MoU), to promote the spraying of Syngenta-approved chemicals using the drone technology of IoTechWorld in different territories of India.

In the first phase, 200 rural youth will be trained and employed for spraying. Large-scale trials over 400 acres were conducted and data was submitted to regulators for 20 crops.

IoTech’s drone, Agribot, will be used across all of Syngenta’s spray services and products.

20) Answer: B

A new book titled ‘Best of Satyajit Ray’ has been released by Penguin India on Satyajit Ray. The ‘Best of Satyajit Ray’ has 21 best short stories of Satyajit Ray.

It also has all eight stories that Satyajit Ray translated himself into English.

About Satyajit Ray

Satyajit Ray was one of the most eminent film directors.

He was the recipient of 36 National Film Awards.

He received many national awards including the DadasahebPhalke Award, Padma Bhushan, and the Bharat Ratna.

He received the Honorary Oscar for Lifetime Achievement from the Academy of Motion Picture Arts and Sciences (AMPAS) in 1992.

He was honoured with the Bharat Ratna in 1992.

He was also a brilliant music composer and illustrator.

2 years ago

Daily Current Affairs Quiz – 11th February 2023

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