Daily Current Affairs Quiz – 11th March 2023

This post is also available in: हिन्दी (Hindi)

Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2023 of 11th March 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.

Start Quiz

1) Recently, Which financial services company has received the final registration from the Securities and Exchange Board of India (SEBI) to start its mutual fund (MF) business operations?

(a) Fullerton India Credit Company Limited

(b) Bajaj Finserv

(d) Mahindra and Mahindra

(e) Tata Capital

2) Which bnak has collaborated with ITC Limited to offer the Bank’s lending products and services to farmers who are a part of ITC’s agriculture ecosystem?

(a) ICICI Bank

(b) Axis Bank

(d) Yes Bank

(e) Federal Bank

3) Recently, which bank has entered into a co-lending partnership with Aadhar Housing Finance Ltd to offer home loans at competitive interest rates?

(a) Axis Bank

(b) HDFC Bank

(d) Bank of Baroda

(e) YES Bank

4) Which Bank has launched the ‘Unpause Initiative’, a programme designed to assist women who have taken a career break for any reason and are now ready to return to the workforce?

(a) IDFC FIRST Bank

(b) Ujjivan Small Finance Bank

(d) YES Bank

(e) AU Small Finance Bank

5) According to the latest report by PayNearby in association with RBI Innovation Hub, Insurance penetration among women in rural India remains a concern with only ____ insured.

(a) 3%

(b) 4%

(d) 1%

(e) 5%

6) Recently, Equitas Small Finance Bank has signed a partnership as the ‘Proud Banking Partner’ with _______________ for the 2023 season.

(a) Mumbai Indians

(b) Chennai Super Kings

(d) Gujarat Titans

(e) Royal Challengers Bangalore

7) As per the recent report, Bandhan Bank has opened its Mega Currency Chest in which of the following state?

(a) Arunachal Pradesh

(b) Uttar Pradesh

(d) West Bengal

(e) Uttarakhand

8) Consider the following statement regarding the Prevention of Money Laundering Act. Which of the following statement is incorrect?

(i) The government has stated that the Prevention of Money Laundering Act, 2002 will apply to trade in cryptocurrency or virtual assets.

(ii) Under this law, every reporting entity is required to maintain records of all transactions. It includes the record of all cash transactions of more than Rs 10 lakh for at least five years.

(iii) It was enacted in 2003 but it came into force on 1 July 2006. The act was amended in 2005, 2009 and 2012.

(a) Only (iii)

(b) Both (i) and (ii)

(d) Both (ii) and (iii)

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

9) Group of 16 countries led by _________ launched an effort to fight the problem of climate change at the United Nations.

(a) Fiji

(b) Tuvalu

(d) Samoa

(e) Nauru

10) Which company has launched the ‘Samarth Krishi’ program to provide farming communities and Farmer Producer Organisations (FPOs) with national market access and more negotiation power?

(a) Flipkart

(b) Amazon Pay

(d) Blinkit

(e) IndiaMART

11) Which company has partnered with Foxconn to invest about $700 million in a new plant in India to ramp up local production?

(a) Samsung

(b) Apple

(d) Amazon

(e) Google

12) Who has been appointed as the brand ambassador of PepsiCo-owned snack brand Kurkure?

(a) Deepika Padukone

(b) Janhvi Kapoor

(d) Kriti Sanon

(e) Sara Ali Khan

13) Which soft drinks brand has appointed bollywood actor Kiara Advani as its brand ambassador?

(a) Thums Up

(b) Maaza

(d) Slice

(e) Mirinda

14) Which state’s Electrical & Allied Engineering Limited has signed an MoU with Garden Reach Shipbuilders and Engineers Limited for the joint research and development of a lightweight bailey bridge with a carbon fibre composite deck?

(a) Assam

(b) Karnataka

(d) Kerala

(e) Maharashtra

15) Which of the following bank has partnered with the Indian Railway Catering and Tourism Corporation Ltd (IRCTC) to launch a co-branded travel credit card?

(a) Axis Bank

(b) HDFC Bank

(d) Federal Bank

(e) ICICI Bank

16) According to UNICEF, The number of pregnant women and nursing mothers suffering from undernutrition has increased by ____________ in 12 countriessince 2020.

(a) 10 percent

(b) 25 percent

(d) 17 percent

(e) 22 percent

17) The Ministry of Defence has signed an agreement with _______________ to procure 70 HTT-40 Basic Trainer Aircraft & 3 Cadet Training Ships from L&T

(a) GRSE

(b) DRDO

(d) BHEL

(e) BEL

18) The Indian Railways is collaborating with Indian Space Research Organization (ISRO) under the RTIS project. What does ‘R’ denotes in RTIS?

(a) Read

(b) Right

(d) Reduce

(e) Range

19) Where will the 140^th International Olympic Committee (IOC) be held from October 15 to 17?

(a) Pune, Maharashtra

(b) Mumbai, Maharashtra

(d) Noida, Uttar Pradesh

(e) Surat, Gujarat

20) Who is the author of the book titled “As Good as My Word”?

(a) Geetanjali Shree

(b) Ruskin Bond

(d) Vishal Bhardwaj

(e) KM Chandrasekhar

Answers :

1) Answer: B

Financial services company Bajaj Finserv has received the final registration from the Securities and Exchange Board of India (SEBI) to start its mutual fund (MF) business operations under Bajaj Finserv Mutual Fund.

Bajaj Finserv Mutual Fund, with Bajaj Finserv Asset Management Limited (BFAML) as the Investment Manager, will soon offer a range of MF products including equity, debt, and hybrid funds, both in the active and passive segments, to investors.

BFAML will create a tech-driven, multi-channel approach to serve investors across the country to build a future-ready asset management company.

The Indian mutual fund industry has assets worth Rs 39.62 lakh crore and has 42 asset management companies working in the sector as on January 31, 2023.

2) Answer: B

Axis Bank, India’s third largest private sector bank, has collaborated with ITC Limited to offer the Bank’s lending products and services to farmers who are a part of ITC’s agriculture ecosystem.

About the Partnership :

The partnership will enable Axis Bank to cater to the financial requirements of unserved and under-served farmers based in remote regions by offering them a range of assets and liability products such as farmer loans and gold loans, among others.

Axis Bank will leverage ITCMAARS (Meta Market for Advanced Agricultural Rural Services), a full-stack agri-tech application to reach out to the farmers and address their financial requirements.

3) Answer: E

YES Bank has entered into a co-lending partnership with Aadhar Housing Finance Ltd to offer home loans at competitive interest rates.

About the partnership :

Under the partnership, the entities will provide products such as Home Loan for Salaried Employees, Loan for Plot Purchase and Construction, Home Improvement Loan, Loan Against Residential Commercial Property, Balance Transfers and Top Up, among others, to customers from lower and middle-income groups.

The partnership is in line with the Reserve Bank of India’s (RBI) co-lending framework that enables banks and non-banking companies to jointly bring about financial solutions that address the needs of underserved and underserved sections of society.

4) Answer: B

Ujjivan Small Finance Bank (Ujjivan SFB) has launched the ‘Unpause Initiative’, a programme designed to assist women who have taken a career break for any reason and are now ready to return to the workforce.

The initiative is part of its commitment to promoting workplace diversity and inclusion.

Aim :

To provide women with the resources and support they need to succeed, to enable them to enrich themselves and contribute to the community at large.

5) Answer: D

According to the latest report by PayNearby in association with RBI Innovation Hub, Insurance penetration among women in rural India remains a concern with only 1% insured and 29% aware of the insurance products offered.

It is highlighted that Life insurance is the most common type of Insurance availed by this cohort at 23%.

Also the number of health insurance policies is also gradually increasing now with 18% of women insured.

6) Answer: D

Equitas Small Finance Bank has signed a partnership as the ‘Proud Banking Partner’ with the 2022 Tata IPL champions – Gujarat Titans for the 2023 season.

The Gujarat Titans team will sport the Equitas Small Finance Bank logo on the back of the helmet as part of the team’s jersey.

Aim :

To communicate that Equitas has been playing a progressive role in transforming the lives of individuals through their lending and social responsibilities of ‘Beyond Banking.

7) Answer: D

A Mega Currency Chest has been opened by Bandhan Bank in Kolkata, West Bengal.

This is the Bank’s third mega currency chest, the other two being in Patna and Guwahati.

Shri Gunveer Singh, Chief General Manager, Reserve Bank of India (RBI) inaugurated the currency chest .

This chest would facilitate fresh currency circulation and help the bank serve its clientele.

Bandhan Bank currently has over 1 crore customers in West Bengal.

In the Kolkata region, the bank has 182 bank branches.

8) Answer: A

The government has stated that the Prevention of Money Laundering Act, 2002 will apply to trade in cryptocurrency or virtual assets.

The Finance Ministry has stated in the notification that the exchange between one or more forms of virtual digital assets and the transfer of virtual digital assets will be covered under the money laundering act.

Apart from this, participating in financial services related to the safekeeping of virtual digital assets and sale of virtual digital assets will also come under the money laundering law.

Crypto exchanges and intermediaries dealing in Virtual Digital Assets (VDAs) will now have to conduct KYC for their customers and users of the platform.

In addition, exchanges will have to report suspicious activity to the Financial Intelligence Unit of India.

The notification states that entities operating in VDAs will be considered “reporting entities” under the PMLA.

It includes Banks, financial institutions, entities engaged in the real estate and jewellery sectors as well as casinos are now ‘reporting entities’.

Under this law, every reporting entity is required to maintain records of all transactions.

It includes the record of all cash transactions of more than Rs 10 lakh for at least five years.

It was enacted in 2003 but it came into force on 1 July 2005.

It was enacted to prevent and control money laundering in India.

The act was amended in 2005, 2009 and 2012.

9) Answer: C

A group of 16 countries led by Vanuatu – an island country in the South Pacific Ocean, launched an effort to fight the problem of climate change at the United Nations (UN).

The group seeks an advisory opinion from the International Court of Justice (ICJ) on the issue of climate change.

About ICJ :

The ICJ, also known as the World Court, is the principal judicial organ of the UN.

It was established in June 1945 by the Charter of the United Nations and began work in April 1946.

The seat of the Court is at the Peace Palace in The Hague (Netherlands).

Of the 6 principal organs of the United Nations, it is the only one not located in New York, United States.

French and English are the official languages of the Court.

The ICJ has two types of jurisdictions: contentious and advisory.

10) Answer: A

Flipkart has launched ‘Flipkart Samarth Krishi’ program to provide farming communities and Farmer Producer Organisations (FPOs) with national market access and more negotiation power.

Aligned with the government’s commitment to empower Indian farmers and boost the agricultural sector, the ‘Flipkart Samarth Krishi’ program seeks to provide market access and build the capacity of farmers.

Additionally, it will help them grow sustainably, get market-ready, and become a part of the mainstream economy through relevant partnerships.

As part of the program, farmers and FPOs will be trained on technologies and best practices for improving the quality of produce.

Through these partnerships, Flipkart India has been able to source pulses, millets, and whole spices directly from farmers and FPOs.

11) Answer: B

Apple partner Foxconn is stepping up its India business plans and investments significantly, in a move that is being seen as a shift from China just like its key customer.

In the latest development, Taiwanese electronics contract manufacturer Fo xconn has decided to invest an estimated $700 million to set up a new plant in Karnataka.

The proposed plant, to be located near the Bengaluru airport, is expected to manufacture and assemble devices including the iPhone.

Experts described Foxconn’s bet on India as part of a strategy to reduce its over-dependence on China, where 75 per cent of its production is located.

Just a day ago, Foxconn had signed an agreement with the Telangana government to set up a manufacturing facility with a potential to create 100,000 jobs.

12) Answer: E

PepsiCo owned snack brand Kurkure has onboarded Bollywood actor Sara Ali Khan as its new brand ambassador.

Khan’s fun and playful persona is synonymous to Kurkure’s brand positioning as a family entertainer.

Sara Ali Khan will be an active part of upcoming Kurkure campaigns and will promote the brand and products across all traditional and digital platforms in the country.

13) Answer: D

Slice, a fruit-flavoured soft drinks brand from PepsiCo, has onboarded bollywood actor Kiara Advani as its brand ambassador replacing Katrina Kaif.

The brand also launched its new summer campaign titled, ‘Aam Ka Ehsaas. Sabse Khaas,’ featuring the actor at a special brand event.

Aim :

To further connect with its audience and reinforce its position as the go-to drink for mango lovers across the country.

14) Answer: D

Garden Reach Shipbuilders and Engineers (GRSE) Ltd has signed a Memorandum of Understanding (MoU) with Kerala Electrical & Allied Engineering (KEL), a state-owned enterprise of Kerala, for the joint research and development of a lightweight bailey bridge with a carbon fibre composite deck.

Under the MoU, KEL will also design and develop dry-type transformers and alternators as per Navy specifications.

GRSE has been a pioneer in the development of bailey-type portable bridges for disaster management and connecting difficult terrains.

15) Answer: B

Indian Railway Catering and Tourism Corporation Ltd (IRCTC) and HDFC Bank announced a partnership to launch a co-branded travel credit card.

Known as the IRCTC HDFC Bank Credit Card, the co-branded card is in a single variant and is available on NPCI’s Rupay network.

This is the third tie-up of IRCTC after the State Bank of India and Bank of Baroda.

The card will provide exclusive benefits and maximum savings on bookings of train tickets booked through the IRCTC’s ticketing website and through IRCTC Rail Connect app.

16) Answer: B

According to UNICEF, since 2020, the number of pregnant women and nursing mothers suffering from undernutrition has increased by 25 percent in 12 countries.

This UNICEF report is based on the data analysis of women in the world.

The report estimates that more than one billion women and adolescent girls are suffering from undernutrition.

Most of the undernutrition women are living in the world’s poorest regions.

68 percent of the undernutrition women and adolescent girls are living in the South Asia and sub-Saharan Africa.

Malnutrition increases the risk of neonatal death and can affect children’s nutrition, growth, and learning capacity.

17) Answer: C

The Ministry of Defence (MoD) signed contracts with Hindustan Aeronautics Limited (HAL) and Larsen & Toubro Limited (L&T) for the procurement of 70 HTT-40 Basic Trainer Aircraft worth ₹9,936 crore & 3 Cadet Training Ships worth more than three thousand 100 crore rupees respectively.

In a major boost to the Government’s efforts to achieve ‘Atma Nirbharta’ in defence, the Union Cabinet had approved the procurement of 70 HTT-40 trainer aircraft from HAL at a cost of over Rs 6,800 crore.

About HTT-40 Trainer Aircraft :

HTT-40 Trainer Aircraft will meet the shortage of basic trainer aircraft of the Indian Air Force for training of newly-inducted pilots.

The aircraft will be supplied over a period of 6 years.

18) Answer: C

The Indian Railways is collaborating with Indian Space Research Organization (ISRO) under the Real Time Train Information System (RTIS) project.

Aim:

To enable real-time tracking of train movements with the assistance of satellite imagery.

About RTIS project :

RTIS devices that use satellite imagery are being installed on the trains to automatically acquire its “movement timing at the stations, including that of arrival and departure or run-through”.

These timings get automatically plotted on the control chart of those trains in the Control Office Application (COA) system.

The project is executed by the Centre for Railway Information Systems (CRIS).

ISRO has launched GSAT satellites that have GAGAN payloads for tracking the movement of trains.

19) Answer: B

The International Olympic Committee (IOC) announced that the 140th IOC Session would be held in Mumbai from October 15 to 17.

According to a press release, an IOC Executive Board meeting will be held on October 12 and 13, prior to the IOC Session, while the Opening Ceremony of the IOC Session is scheduled for October 14.

The decision to hold the 140th IOC Session in India was taken by its members during the 139th meeting in Beijing in February.

India won the bid to host the event after 75 members voted for it and one against it.

The IOC Session will return to India 40 years after the 86th edition, which took place in New Delhi in 1983.

20) Answer: E

“As Good as My Word” This book by former Cabinet Secretary KM Chandrasekhar offers a critique of institutions and covers a period marked by much tumult

The book is an honest account of Chandrasekhar’s career.

Some issues, especially in the later part of his working life, also involved matters that became, and continue to be, subjects of national discussion.

In this autobiography, he paints an intimate picture of the UPA government during one of its toughest phases and his own, crucial, role in steering India through some of her most severe crises – the Great Recession of 2008, the oilmen’s strike in 2009 and the 26/11 Mumbai attacks – and scams – the 2G Spectrum case and the 2010 Commonwealth Games corruption scandal.

2 years ago

Daily Current Affairs Quiz – 11th March 2023

Related Post