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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2023 of 14th & 15th May 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.
1) Recently in May 2023, Antonio Felix “Tota” Carbajal Rodrguez, a renowned footballer and the only player to compete in five FIFA World Cups passed away.Which country does he hail from?
(a) Monaco
(b) Malaysia
(c) Madagascar
(d) Mexico
(e) Mauritius
2) ‘E-filing 2.0’ was introduced by the Chief Justice of India, who also informed lawyers that the capability for submitting cases electronically will now be available 24/7.Who is the present Chief Justice of India?
(a) Prem Diwakar
(b) D Y Chandrachud
(c) N V Ramana
(d) Prasant Kumar Mishra
(e) U U Lalit
3) When was International Day of Families celebrated with the theme of “Families and New Technologies”?
(a) May 12
(b) May 13
(c) May 14
(d) May 15
(e) May 16
4) In memory of an Indian football legend, the All India Football Federation has declared June 23 to be “AIFF Grassroots Day”. Choose his name from the following options.
(a) Pradip Kumar Banerjee
(b) Subrata Pal
(c) Sunil Chhetri
(d) JejeLalpekhlua
(e) Gurpreet Singh Sandhu
5) What is the name of the most punctual airport in the world according to a survey by the aviation analytics firm CIrium?
(a) GMR Hyderabad International Airport
(b) Sardar Vallabhbhai Patel International Airport
(c) Visakhapatnam International Airport
(d) Chhatrapati Shivaji International Airport
(e) Veer Savarkar International Airport
6) Recently (May 2023), PTC and Brookfield Renewables have a Memorandum of Understanding in place for the long-term purchase of how many megawatts of solar energy?
(a) 130 megawatts
(b) 180 megawatts
(c) 100 megawatts
(d) 200 megawatts
(e) 150 megawatts
7) CCPA has issued orders against five e-commerce companies for selling car seat belt alarm stopper clips on their platforms.Choose the e-commerce companies which are not on that list.
- Amazon
- Meesho
- Flipkart
- Mynthra
(a) Only A
(b) Only B
(c) Only C
(d) Only D
(e) All are on that list
8) The Open Network for Digital Commerce’s (ONDC) retail merchant base grows from 800 in January 2023 to ______ in May 2023.
(a) 35,000
(b) 25,000
(c) 15,000
(d) 20,000
(e) 30,000
9) According to the state-owned Oil and Natural Gas Corporation, theCrude oil and natural gas have been discovered in two blocks in the Mumbai offshore region. What are the nameof the blocks?
(a) ‘Amrit’ and ‘Moonga’
(b) ‘Digboi’ and ‘Amrit’
(c) ‘Digboi’ and ‘Moonga’
(d) ‘Banka’ and ‘Moonga’
(e) ‘Rajgir’ and ‘Banka’
10) Which central government organization released the automated Return Scrutiny Module for GST Returns in the ACES-GST Backend Application for Central Tax Authorities?
(a)Department of Revenue
(b) Department of Economic Affairs
(c) Department of Disinvestment
(d) Central Board of Indirect Taxes and Customs
(e) Central Board of Direct Taxes
11) Who was chosen to serve as the 10th president of the Federated States of Micronesia (FSM), during the first regular session of the 23rd FSM Congress in Micronesia?
(a) Wesley W. Simina
(b) Rambal Singh
(c) Ferro Pyrat
(d) Wallet Gue
(e) Ghat Sima
12) Recently in May 2023, Who was appointed as Chairman and Managing Director (CMD) of the Larsen & Toubro company?
(a) V M Raghavan
(b) S V Ranjan
(c) S D Chandru
(d) S N Subrahmanyan
(e) P C Fernando
13) A technology center of excellence that will be established in _____by the London Stock Exchange Group PLC (LSEG) would generate roughly 1,000 new employees yearly.
(a) Chennai
(b) Hyderabad
(c) Kolkata
(d) Mumbai
(e) Delhi
14) A mass prayer camp for world peace and happiness by Buddhist monks and nuns, has begun recently in Leh, Ladakh.What is the name of the annual Great Prayer Festival?
(a) Ladakh MonlamChenmo
(b) Hemis Festival
(c) LehLosar Festival
(d) Matho Nagrang Festival
(e) Ladakh Saka Dawa Festival
15) Recently in May 2023, Which state became the first state in the nation to establish a State-specific ranking framework for its higher education institutions to evaluate the quality of higher education institutions?
(a) Karnataka
(b) Odisha
(c) Gujarat
(d) Kerala
(e) Andra Pradesh
16) Which ministry has established the Centre for Processing Accelerated Corporate Exit (C-PACE) to centralize the process of striking off corporations?
(a) Parliamentary Affairs Ministry
(b) Health & Family Welfare Affairs Ministry
(c) Corporate Affairs Ministry
(d) External Affairs Ministry
(e) Home Affairs Ministry
17) Finance Ministry has included directors of a company as reporting entities under the PMLA for certain activities carried out in the course of business. What is PMLA?
(a) Preserving of Money Laundering Act
(b) Patrol of Money Laundering Act
(c) Prohibition of Money Laundering Act
(d) Process of Monetary Laundering Act
(e) Prevention of Money Laundering Act
18) Recently, MyGov launched theTalent Huntin collaboration with IHM, Pusa. What is the name of the program?
(a) Yuva Pratibha-Culinary
(b) Youth Pratibha-Culinary
(c) Yoga Pratibha-Culinary
(d) Sakthi Pratibha-Culinary
(e) Skill Pratibha-Culinary
19) In which state the Buddham Saranam Gacchami exhibition was inaugurated recently?
(a) Karnataka
(b) Odisha
(c) Gujarat
(d) Kerala
(e) New Delhi
20) Which bank will start a wealth management vertical in the current financial year(2023) to attract and retain HNI (high net worth individual) and NRI (non-resident Indian) customers?
(a) State Bank of India
(b) Union Bank of India
(c) Bank of Baroda
(d) Bank of India
(e) Canara Bank
21) An automated ESCROW+ service was introduced by RazorpayX, the commercial banking platform of Razorpay and is powered by Axis Trustee Services Ltd with which banks?
(a) RBL Bank
(b) HDFC Bank
(c) ICICI Bank
(d) Both A & B
(e) Both A & C
22) Which bank has signed an MoU with Telangana Academy for Skill and Knowledge, which is part of the government of Telangana’s Department of ITE&C to encourage the hiring of fresh graduates and postgraduates.
(a) RBL Bank
(b) HDFC Bank
(c) ICICI Bank
(d) Axis Bank
(e) Yes Bank
23) According to the Reserve Bank of India, all costs for travel, store value and forex prepaid cards must be paid in Rupees, the local currency of India. When was RBI established?
(a) 1935
(b) 1942
(c) 1938
(d) 1945
(e) 1940
24) Recently in May 2023, the Securities and Exchange Board of India through its letter to HDFC Asset Management Company (HDFC AMC) Limited and the investment manager of HDFC AMC AIF II, has granted its final approval for the proposed change in control of HDFC AMC. Where is the headquarters of SEBI located?
(a) Kolkata
(b) Mumbai
(c) Hyderabad
(d) Chennai
(e) Lucknow
25) According to the Reserve Bank of India, only rupees must be used to denominate and clear certain fees/charges imposed by “Authorised Persons” on International Debit Cards, Store Value Cards, and other payment methods payable in India. Currently, how many deputy governors are in RBI?
(a) 5
(b) 3
(c) 4
(d) 6
(e) 8
26) Recently in May 2023, which bank was fined Rs 2.92 crore by the Reserve Bank of India (RBI) for breaking several rules including attaching interest rates to external benchmarks and creating savings accounts for illegal companies?
(a) State Bank of India
(b) Union Bank of India
(c) Bank of Baroda
(d) Bank of India
(e) Canara Bank
27) The Asian Development Bank announced the Innovative Finance Facility for Climate in Asia and the Pacific (IF-CAP), a landmark program that describes the importance of the battle against climate change. Who among the following has made the announcement?
(a) Antonio Gutress
(b) K.V. Kamath
(c) JinLiqun
(d) Masatsugu Asakawa
(e) Ajay Banga
28) Bank of Baroda has partnered with National E-Governance Services Limited to launch the Electronic Bank Guarantee (e-BG) on its _____ platform.
(a) Baroda INSTA
(b) Baroda EXTRA
(c) Baroda INCENT
(d) Baroda UP
(e) Baroda QUICK
29) The 5th edition of the Global Ayurveda Festival (GAF-2023) will be held in Thiruvananthapuram. Who is the organizing committee’s chairman of this Global Ayurveda Festival?
(a) S Kannan
(b) C Linga
(c) M Sathish Kumar
(d) V Muraleedharan
(e) S Sivatharsan
30) Recently (May 2023), Which organization has announced its participation in the Global Financial Innovation Network’s (GFIN) Greenwashing TechSprint?
(a) NABARD
(b) RBI
(c) NSE
(d) SEBI
(e) IBA
Answers :
1) Answer: D
Legendary Mexican goalkeeper Antonio Felix “Tota” Carbajal Rodríguez, the first footballer to play in 5 Federation Internationale de football association (FIFA) World Cups, passed away at the age of 93 in Leon, Mexico.
About Antonio Carbajal :
Antonio Carbajal was born in Mexico City.
He was also called “El Cinco Copas“, for his record of 5 World Cups played.
He played 47 games for the Mexican national team and appeared in World Cups in Brazil in 1950, Switzerland in 1954, Sweden in 1958, Chile in 1962, and England in
After retiring as a player, he became a manager in the 1960s, 1970s, 1980s, and 1990s with Club Leon, Union de Curtidores, AtletasCampesinosand Atletico Morelia.
He twice won both the Copa Mexico and Campeon de Campeones with Club Leon in the early 1970s.
2) Answer: B
Chief Justice of India (CJI) D Y Chandrachud launched ‘E-filing 2.0’ and told lawyers that the facility for filing cases electronically will be now available round the clock.
The chief justice, who has been advocating for e-courts and e-filing of cases across the country, also inaugurated an ‘e-Sewa Kendra’ on the apex court’s premises.
The facilities will be available to all lawyers 24X7.
3) Answer: D
International Day of Families is celebrated every year on May 15.
The theme of International Day Of Families 2023 is “Families and New Technologies”.
This day is celebrated to raise awareness about the importance of Family
International Day Of Families 2023 was first observed by the United Nations General Assembly (UNGA) in the year 1994.
International Day OfFamilies 2023 was observed as a global observance.
The United Nations focuses on the importance of families like health, wealth, work-life balance, women’s rights, etc.
International Day Of Families 2024 is celebrated as the thirtieth anniversary of International Day Of Families by the United Nations.
In 1985, the Economic and Social Council invites the General Assembly to conduct the forty-first session named “Families in the development process”.
4) Answer: A
The All India Football Federation has decided to observe 23 June as the ‘AIFF Grassroots Day’ in honor of Indian football icon Pradip Kumar Banerjee.
About Pradip Kumar Banerjee
Pradip Kumar Banerjee was the captain of the Indian Football team in 1960 at Rome Olympics.
He is popularly known as P.K.
Pradip Kumar Banerjee played a key role in India’s historic gold medal in the 1962 Asian Games.
Pradip Kumar Banerjee was part of FIFA’s first coaching course in Japan under the German coach Dettmar Cramer.
He was a recipient of Padma Shri in 1990 and was named Indian Footballer of the 20th Century by IFFHS.
He was honored with the FIFA Order of Merit, the highest honor awarded by FIFA.
He died on 20 March 2020 due to age-related issues in Kolkata.
About AIFF
All India Football Federation (AIFF) is headquartered in New Delhi.
Kalyan Chaubey is the current president of the All India Football Federation.
5) Answer: A
According to a report by aviation analytical firm, CIrium, GMR Hyderabad International Airport is the most punctual airport in the world.
The airport has recorded 90.43 percent on-time performance.
It is the only airport to surpass the 90% mark.
Hyderabad airport has topped the charts both in the ‘Global Airports’ and ‘Large Airports’ categories.
In November 2022, it was ranked fourth in the large airport category with an on-time performance of 88.44 percent.
It was selected based on the actual gate departure service.
More than 5 million flights have been reviewed around the world by Cirium.
The latest technology innovations have been used in the Hyderabad airport for improving performance.
It has implemented the first-ever integrated and centralized Airport Operations Control Center (AOCC) and many modern passenger information systems and technological initiatives.
GMR Hyderabad International Airport ensures on-time performance (OTP) for its airline partners through its seamless service like Express Security check-in, Self-Check-in kiosks, E Boarding, video analytics, etc.
6) Answer: C
PTC has signed a Memorandum of Understanding (MoU) with Brookfield Renewables for the purchase of 100 megawatts (MW) of solar power on a long-term basis.
Brookfield Renewables, one of the world’s largest investors with around 24,000 MW of generating capacity globally, is developing a 400 MW solar power project at the Bikaner solar park in Rajasthan.
The Bikaner solar park is being developed under Brookfield’s $15-billion global transition fund (BGTF) and is expected to be commissioned in phases starting from December 2023.
Under this arrangement, PTC will provide Brookfield Renewables with an assured tariff and payment security, thus playing a vital role in the development of this renewable energy project.
7) Answer: D
CCPA has issued orders against five e-commerce companies for selling car seat belt alarm stopper clips on their platforms.
The names of these e-commerce companies are Amazon, Flipkart, Snapdeal, Shopclues, and Meesho.
The Central Consumer Protection Authority (CCPA) passed orders against these five e-commerce platforms for violation of consumer rights and unfair trade practices.
In a letter to the Department of Consumer Affairs, the Ministry of Road Transport and Highways (MoRTH) highlighted the issue of the sale of car seat belt alarm stopper clips.
CCPA took cognizance of the matter and referred the matter to DG Investigation (CCPA).
After the investigation report, CCPA directed the e-commerce platforms to permanently delist all car seat belt alarm stopper clips.
About CCPA:
Central Consumer Protection Authority (CCPA) was established with effect from 24th July 2020.
It is headquartered in New Delhi.
Nidhi Khare is the current Chief Commissioner of CCPA.
The objective of CCPA is to promote, protect and enforce the rights of consumers as a class.
8) Answer: A
The number of retail merchants on board ONDC increases from 800 in January to 35,000 in May
The number of daily orders on the Open Network for Digital Commerce (ONDC) crossed the 25,000 mark in the first week of May 2023.
ONDC’s network participants increased from 26 in January 2023 to 46.
These include PhonePe’sPincode and Airpay, companies such as HUL and ITC.
ONDC’s alpha testing commenced in April 2022.
Its beta testing began with grocery and food delivery in Bengaluru in September 2022.
Presently, it is beta-testing in Bengaluru and Meerut and alpha-testing in 236 cities.
In April 2023, NPCI Bharat BillPay launched the NOCS platform for processing ONDC transactions.
The NOCS platform is integrated with banks, fintech, and e-commerce players.
9) Answer: A
State-owned Oil and Natural Gas Corporation (ONGC) announced that it has found Crude oil and natural gas in two blocks of the Mumbai offshore region.
ONGC had won these blocks in auctions conducted under the open acreage licensing policy (OALP) regime.
Companies are allowed to select acreages for bidding based on data analysis under the OLAP regime.
These discoveries have been found in the ‘Amrit’ and ‘Moonga’ blocks.
Block Amrit is spread over an area of 725 square km and is approximately 100 km from the landfall point.
Block Moonga is spread over 4,668 sq km and is located 30 km from the Mumbai coast.
Both these discoveries have been notified to the Directorate General of Hydrocarbons and their potential is being currently assessed.
ONGC is committed to discovering the vast potential of India’s hydrocarbon resources for improving India’s energy security.
The largest producer of petroleum in India is Rajasthan.
Assam and Gujarat are in second and third spots
In India, about 71.35% of natural gas is produced from offshore areas.
10) Answer: D
The automated Return Scrutiny Module has been launched by CBIC for GST Returns in ACES-GST Backend Application for Central Tax Authorities.
The Central Board of Indirect Taxes and Customs (CBIC) performance was recently reviewed.
During this, Union Finance and Corporate Affairs Minister Smt. Nirmala Sitharaman had given instructions to start an automated return scrutiny module for GST returns at the earliest.
This module will enable officers to scrutinize GST returns of selected centrally administered taxpayers based on data analytics and risks identified by the system.
In the module, the discrepancies due to the risks associated with the returns are displayed.
Tax authorities are provided with a workflow to interact with taxpayers through the GSTN Common Portal regarding discrepancies found under Form ASMT-10.
Action is taken in the form of receipt of the taxpayer’s reply in Form ASMT-11 and the issue of order of acceptance of reply in Form ASMT-12 or issue of show cause notice or the initiation of audit/inquiry.
This automated return scrutiny module has started with the scrutiny of GST returns for FY 2019-20.
The data required for this purpose has already been made available on the dashboard of the officers.
11) Answer: A
Former Speaker Wesley W. Simina was elected as the 10th president of the Federated States of Micronesia (FSM) during the first regular session of the 23rd FSM Congress in Micronesia.
He will succeed David Panuelo.
During the first day of the 23rd FSM Congress, Aren B. Palik was re-elected as vice president.
Palik used to work in Congress as the Senator At-Large for Kosrae State.
Before his presidential election, Simina was the senator at-large for Chuuk State and also the speaker of the Congress.
Other Appointments :
Esmond Moses was elected as Speaker and Robson Romolo was the Vice Speaker of Congress.
In addition, Quincy Lawrence won the election for Floor Leader.
About FSM :
Capital: Palikir
Currency: United States dollar
12) Answer: D
Infrastructure major Larsen & Toubro (L&T) has appointed S N Subrahmanyan, as Chairman and Managing Director (CMD) of the company with effect from October 1, 2023.
- Naikhas decided to step down as Non-Executive Chairmanof the Company with effect from September 30, 2023.
- Naik has been conferred the status of ‘Chairman Emeritus’ by the Board.
SN Subrahmanyan is currently the Chief Executive Officer (CEO) and Managing Director (MD) of Larsen & Toubro.
AM Naik has been with L&T for more than 58 years and is known as the architect of the transformation of the company into a global conglomerate with dominance in the sectors in which he operated.
About L&T :
Founded: 7 February 1946
Headquarters: Mumbai, Maharashtra
Larsen & Toubro Ltd, commonly known as L&T, is an Indian multinational conglomerate company.
13) Answer: B
The London Stock Exchange Group PLC (LSEG) will set up a technology center of excellence (CoE) in Hyderabad, which will create about 1,000 jobs a year.
The announcement was made after Telangana IT and Industries Minister Shri KT Rama Rao’s Meeting with LSE Group CIO Anthony McCarthy in London.
A memorandum of understanding (MoU) was also signed by Jayesh Ranjan, Principal Secretary of IT and Industries Departments (Govt of Telangana), and McCarthy.
The CoE will boost the banking, financial services, and insurance (BFSI) ecosystem in the city.
About LSEG :
Founded: 23 June 2007
Headquarters: London, England, United Kingdom
The LSEG is a global financial market infrastructure and data provider, operating in 70 countries, and serving customers in 190 countries.
14) Answer: A
The annual 5-day-long Great Prayer Festival, “Ladakh MonlamChenmo,” a mass prayer camp by Buddhist monks and nuns for world peace and happiness is starting in Leh, Ladakh.
It has resumed after three years of discontinuation due to Covid.
Key Highlights :
The event has been organized since 1991.
It is being organized by the All Ladakh Gonpa Association.
SmonlamChenmo is a major annual prayer of the Sangha Community of Ladakh gathered at one platform.
On the sidelines of the event, Member of Parliament for Ladakh Constituency Jamyang Tsering Namgyal will lead a special camp for Sangha Community, which is named “Seva for Sangha’, from May 11 to 16, 2023 at Leh in collaboration with district administration Leh.
The Indo-Tibetan Border Police (ITBP) has also joined hands with the organizers to set up medical camps during the 5-day-long camp ‘Seva for Sangha’.
15) Answer: D
Higher Education Minister of Kerala Shri R. Bindu formally launched the Kerala Institutional Ranking Framework (KIRF), modeled on the lines of the National Institutional Ranking Framework (NIRF), to assess the quality of higher education institutions inKerala has become the first in the country to establish a State-specific ranking framework for its higher education institutions by way of the initiative.
Aim :
To introduce a more democratic and secular approach to the ranking system in Kerala.
What is KIRF?
The NIRF is a ranking system created by the Indian government in 2015 to evaluate higher education institutions across India.
KIRF will rank participating universities, and colleges in the categories of overall, universities, colleges, engineering, management, architecture, medical, dental, pharmacy, nursing, law, and teacher education.
The framework will assess the higher educational institutions based on 5 components:
Teaching
Learning and Resources (TLR)
Knowledge Dissemination and Research Excellence (KDRE)
Graduation Outcome (GO)
Outreach and Inclusivity (OI).
About Kerala :
Governor: Arif Mohammad Khan
Chief Minister: Pinarayi Vijayan
Capital : Thiruvananthapuram
National Park: Eravikulam National Park, Silent Valley National Park
Wildlife Sanctuary: Chinnar Wildlife Sanctuary, Periyar Wildlife Sanctuary
16) Answer: C
The Corporate Affairs Ministry (MCA) has centralized the striking-off process of companies with the establishment of the Centre for Processing Accelerated Corporate Exit (C-PACE).
The office of C-PACE was inaugurated on May 1, 2023, by RK Dalmia, Director, Inspection & Investigation, MCA.
Harihara Sahoo, ICLS, has been appointed as the first Registrar of the office of C-PACE, MCA.
The setting up of the C-PACE is part of the several measures taken by MCA in the recent past towards ease of doing business and ease of exit for the companies.
This move would be particularly useful for start-ups that face failures due to various reasons.
The C-PACE office will work under the supervision/administration of the Director General of Corporate Affairs (DGCoA) in New Delhi.
The establishment of the C-PACE will help to reduce the stress on the Registry along with keeping the registry clean besides the availability of more meaningful data to the stakeholders.
The C-PACE will also benefit the stakeholders by providing a hassle-free filing, timely and process-bound striking off their company’s names from the Register, an official release said.
The setting up of C-PACE is part of the government’s overall efforts to speed up the voluntary winding up of companies from the currently required two years to less than 6 months.
With this latest MCA move, all the STK forms will be processed with C-PACE at Manesar, Gurugram, instead of the earlier practice of the State Registrar of Companies (RoCs) dealing with the same.
17) Answer: E
Finance Ministry has included directors of a company as reporting entities under the PMLA for certain activities carried out in the course of business.
It has also included trustees of an express trust and nominee shareholders of the company as reporting entities under the Prevention of Money Laundering Act (PMLA) for certain activities.
This means that they will be responsible for violation of the law.
As per the Finance Ministry’s notification, five categories of activities, when conducted in the course of business on behalf of or for another person, are included in the ambit of PMLA.
These categories are given below:
Acting as a formation agent of companies and limited liability partnerships
Acting as (or arranging for another person to act as) a director or secretary of a company, a partner of a firm, or a similar position to other companies and limited liability partnerships
Providing a registered office, business address or accommodation, correspondence or administrative address for a company or a limited liability partnership or a trust
Acting as (or arranging for another person to act as) a trustee of an express trust or performing the equivalent function for another type of trust
Acting as (or arranging for another person to act as) a nominee shareholder for another person
Intermediaries are not included in the new notified categories.
There are some exemptions.
The exemptions are given below.
Any activity that is carried out as part of any agreement of lease, sub-lease, tenancy, or any other agreement or arrangement for the use of land or building or any space and the consideration is subjected to deduction of income-tax.
18) Answer: A
‘Yuva Pratibha-Culinary Talent Hunt’ launched by MyGov in association with IHM, Pusa.
It has been launched to reflect India’s rich culinary heritage and teach the world, to understand its value and importance in taste, health, traditional knowledge, ingredients, and cuisine.
To create awareness and increase the production and consumption of Millet, the year 2023 has been declared by the United Nations as the ‘International Year of Millet’.
This announcement was made after India’s proposal and through this India can establish itself as a global hub of millets.
Millet has been an integral part of our diet for ages.
The objective of this competition aims to bring forgotten recipes to the fore and promote the culinary talent of young and aspiring chefs and home cooks.
The competition has provided the various Millet participants with a unique opportunity to showcase their creativity and innovation in cooking with healthy and sustainable ingredients.
The contest is open to the citizens of India within the age group of 18 to 40 years. The dish should be home-cooked, wherein 50 percent of the ingredients should be millet.
19) Answer: E
The BuddhamSaranamGacchami exhibition was inaugurated in New Delhi.
Union Minister of State for External Affairs and Culture Meenakshi Lekhi inaugurated the exhibition at the National Gallery of Modern Arts, New Delhi.
The exhibition was based on the life of Lord Buddha.
It was organized in the week succeeding Buddha Purnima.
It showcased the voyage of Buddhist art and culture around the world.
It also showcased paintings from countries like Sri Lanka and Myanmar.
It is open tothe public till 10th June at the National Gallery of Modern Arts.
20) Answer: B
Union Bank of India (UBI) will start a wealth management vertical in the current financial year.
This will be done to attract and retain HNI (high networth individual) and NRI (non-resident Indian) customers.
State Bank of India (SBI) and Bank of Baroda (BoB) are among the public sector banks that have a wealth management vertical for affluent customers.
UBI posted its highest net profit in 30 quarters at Rs 2,782 crore in the fourth quarter of FY23.
UBI aims to become the third-largest public sector bank in terms of profitability by 2025.
About UBI :
Founded: 11 November 1919
Headquarters: Mumbai, Maharashtra, India
MD & CEO: A. Manimekhalai
Tagline: Good People to Bank with
21) Answer: E
RazorpayX, the business banking platform of Razorpay, launched an automated ESCROW+ solution, powered by Axis Trustee Services Ltd, RBL Bank &ICICI Bank.
Objective :
To provide automated, compliant, and secure money transfer experience on Escrow accounts to businesses
About ESCROW+ solution :
RazorpayX’s ESCROW+ solution aims to address such pain points, by providing an Escrow trustee who is vetted and on-boarded by RazorpayX.
It also offers merchants with an Escrow account to route funds they are receiving on behalf of end beneficiaries, ensuring the right tax treatment and
Moreover, the automated processes facilitated by Escrow+ assure higher success rates and seamless payouts, enhancing overall payout performance.
The ESCROW+ account is the second type of account that RazorpayX will be offering as part of its Business Banking Suite, in addition to current accounts.
While the solution will currently cater to digital-first businesses in Gaming, Marketplace & eCommerce, Co-lending, and P2P-lending industries.
In the 3 months since its beta launch, the service enabled 15 firms to bring Rs 350 crore in annualized run rate (ARR) to India.
Additionally, it launched RazorpayX Digital Lending 2.0, a digital lending solution for Non-Banking Finance Companies (NBFCs) &Fintechs to assist them in complying with digital lending guidelines.
Managing Director & CEO at Axis Trustee Services Ltd: Deepa Rath
About Razorpay Software Private Limited :
Founded: 2014
Headquarters: Bangalore, Karnataka
CEO: Harshil Mathur
22) Answer: B
HDFC Bank, India’s largest private sector bank, and Telangana Academy for Skill and Knowledge (TASK), a not-for-profit organization under the Department of ITE&C, Government of Telangana have signed a Memorandum of Understanding (MoU) to promote employment of fresh graduates and Postgraduates.
As per the MoU, HDFC Bank will now be able to access a large pool of talent across 700 institutions registered with ‘TASK’.
The MoU was signed at Hyderabad by Shrikant Sinha, CEO – of TASK, and Ranga Subramanian, Head – of Talent Acquisition, HDFC Bank.
Under the partnership, TASK will help HDFC Bank hire trained students.
Logistical support for placement drives and interviews will be provided by TASK.
About HDFC Bank Limited :
Founded: August 1994
Headquarters: Mumbai, Maharashtra, India
MD & CEO: SashidharJagdishan
Tagline: We Understand Your World
23) Answer: A
The Reserve Bank of India (RBI) has stated that fees payable in India on forex prepaid cards, store value cards, and travel cards must be denominated and settled in local currency Rupees only.
The use of such cards is limited to permissible current account transactions.
It is subject to the prescribed limits under the Foreign Exchange Management Rules.
Earlier, RBI had stated that no prior permission from the bank is needed for such cards.
RBI:
The Reserve Bank of India (RBI) is the central bank of India, which was established on April 1, 1935, under the Reserve Bank of India Act
24) Answer: B
Market regulator Securities and Exchange Board of India (SEBI) through its letter to HDFC Asset Management Company (HDFC AMC) Limited, a subsidiary of HDFC Ltd and the investment manager of HDFC AMC AIF II, has granted its final approval for the proposed change in control of HDFC AMC.
This approval will help pave the way for the merger of HDFC and HDFC Bank, expected to be finalized by the 3rd quarter of the next financial year.
The proposed entity will have a combined asset base of around ₹18 lakh crore.
Once the deal is effective, HDFC Bank will be 100% owned by public shareholders, and existing shareholders of HDFC will own 41% of the bank.
About SEBI :
Established: 12 April 1988 as an executive body and was given statutory powers on 30 January 1992 through the SEBI Act, 1992
Headquarters: Mumbai, Maharashtra
Chairman: Madhabi Puri Buch (the first woman to lead the SEBI)
SEBI is the regulatory bodyfor securities and commodity markets in India under the ownership of the Ministry of Finance (MoF), GoI.
25) Answer: C
The Reserve Bank of India (RBI) stated that certain fees/charges levied by ‘Authorised Persons’ on International Debit Cards, Store Value Cards, among others, and payable in India have to be denominated and settled in Rupees only.
This instruction comes in the wake of the RBI coming across a few Authorised Persons (in foreign exchange) levying certain fees/charges, payable in India on such instruments, in foreign currency.
The instruments also include Charge Cards/Smart Cards or any other instrument that can be used to create a financial liability as ‘currency’.
Authorized Persons include banks authorized to deal in foreign exchange, and full-fledged money changers.
About RBI :
Established: 1 April 1935
Headquarters: Mumbai, Maharashtra, India
Governor: Shaktikanta Das
Deputy governors: Mahesh Kumar Jain,M. Rajeshwar Rao, Michael Patra, and T. Rabi Shankar
26) Answer: E
The Reserve Bank of India (RBI) has imposed a penalty of Rs 2.92 crore on Canara Bank for violation of various norms, including linking interest rates to external benchmarks and opening savings accounts of ineligible entities.
The RBI conducted a statutory inspection for supervisory evaluation of the bank regarding its financial position on March 31, 2021.
A scrutiny of the bank was carried out by RBI in July 2020 based on a high-value fraud reported by another bank.
The penalty is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
About Canara Bank :
Founded: 1910 (Nationalised in 1969)
Headquarters: Bangalore, Karnataka, India
MD & CEO: K Satyanarayana Raju
Tagline: Together we can
27) Answer: D
The Asian Development Bank (ADB) announced the Innovative Finance Facility for Climate in Asia and the Pacific (IF-CAP), a landmark program that could significantly ramp up support for the region in the battle against climate change.
The announcement was made by ADB President Mr.Masatsugu Asakawa on the opening day of ADB’s 56th Annual Meeting in Incheon, South Korea.
What is IF-CAP?
Asia and the Pacific are uniquely vulnerable to the impacts of climate change, such as hurricanes, droughts, heat waves, floods, and sea-level rises.
IF-CAP’s initial partners are Denmark, Japan, the Republic of Korea, Sweden, the United Kingdom (UK), and the United States (US).
With a model of ‘$1 in, $5 out’, the initial ambition of $3 billion in guarantees could create up to $15 billion in new loans for much-needed climate projects across Asia and the Pacific.
IF-CAP financing will contribute to ADB’s raised ambition for $100 billion from its resources for climate change for 2019–2030.
About ADB :
Established: 19 December 1966
Headquarters: Mandaluyong, Metro Manila, Philippines
President: Masatsugu Asakawa
Membership: 68 countries
28) Answer: A
Bank of Baroda (BoB), one of India’s leading public sector banks, has introduced Electronic Bank Guarantee (e-BG) on its BarodaINSTA platform, in partnership with National E-Governance Services Limited (NeSL), a platform that provides for the issuance of Inland BGs through electronic mode.
Other than the BoB, banks like HDFC, State Bank of India (SBI), Yes Bank, and Federal Bankalso provide e-BG facilities.
Key Highlights :
The new facility will enable the public sector bank to issue inland bank guarantees electronically on its digital platform BarodaINSTA.
Being entirely digital, the system will reduce the turnaround time in the process and provide a safer and more accessible medium, claims the Bank.
The beneficiary can view the final digital BG on the NeSL portal immediately upon issuance.
Such an e-BG eliminates the need for a separate authentication from the BG issuing Bank.
What is NeSL?
NeSL is India’s first Information Utility and is registered with the Insolvency and Bankruptcy Board of India (IBBI) under the aegis of the Insolvency and Bankruptcy Code, 2016 (IBC)
MD & CEO: Debajyoti Ray Chaudhuri
About BoB:
Founded: 20 July 1908
Headquarters: Vadodara, Gujarat, India
MD & CEO: Sanjiv Chadha
Tagline: India’s International Bank
29) Answer: D
The 5th edition of the Global Ayurveda Festival (GAF-2023) will be held in Kerala’s Thiruvananthapuram district from December 1 to 5. The festival will focus on projecting Ayurveda’s huge potential in addressing the health challenges of the present world and setting a platform for global networking of Ayurveda practitioners and stakeholders.
In a press meeting, Minister of State for External Affairs and Parliamentary Affairs V Muraleedharan, who is the Chairman of the Organising Committee, said that the focal theme of the GAF 2023 is “Emerging Challenges in Healthcare & A Resurgent Ayurveda.”
Kerala Chief Minister Pinarayi Vijayan is the Chief Patron of the Organising Committee, which has 200-plus members from all segments of Ayurveda.
He recalled that Prime Minister Narendra Modi was the Chief Guest at the valedictory function of the third edition of the GAF held in Kozhikode in 2016. Modi also inaugurated the fourth edition of the event held virtually due to the pandemic.
30) Answer: B
The RBI has announced its participation in the Global Financial Innovation Network’s (GFIN) Greenwashing TechSprint.
What is Greenwashing?
Greenwashing is a term used to describe the practice of making exaggerated, misleading, or unsubstantiated claims about the environmental, social, and governance (ESG) credentials of a product, service, or company.
It is a deceptive marketing strategy that aims to portray an organization as environmentally friendly or socially responsible, even when its actions or practices do not align with these claims.
It creates the perception that a company is taking steps towards sustainability or social responsibility, but in reality, it may be engaging in practices that are harmful to the environment or society.
