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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2023 of 16th August 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) In August 2023, Bank of Maharashtra topped the list of public sector lenders in loan and deposit growth of how much percentage in Q1 2023?
(a) 20
(b) 15
(c) 25
(d) 30
(e) 35
2) Which of the following bank is not offering Mahila Samman Savings Certificate?
(a) Bank of Baroda
(b) Canara Bank
(c) Indian Bank
(d) Punjab National Bank
(e) Bank of India
3) RBI Partnered with McKinsey and Company & Accenture Solutions to Use Artificial Intelligence & Machine Learning to enhance Regulatory Supervision. How many companies participated in total?
(a) 5
(b) 6
(c) 4
(d) 3
(e) 7
4) Recently (August 2023), India’s largest private bank, HDFC Bank continued to lead the race in the credit cards market with a how much percentage share?
(a) 20
(b) 15
(c) 21
(d) 25
(e) 26
5) Which of the following became the 1st ever microfinance institution to become a Universal Bank in India?
(a) RBL
(b) Bandhan
(c) ICICI
(d) HDFC
(e) DBS
6) Where has the Ministry of Electronics & Information Technology (MeitY) Secretary Shri Alkesh Kumar Sharma launched the ‘Graphene-Aurora program’ at a function in Maker Village?
(a) Kerala
(b) Tamil Nadu
(c) West Bengal
(d) Maharashtra
(e) Gujarat
7) In which country, Indian High Commission celebrates Independence Day?
(a) Denmark
(b) Pakistan
(c) Nepal
(d) Bangladesh
(e) Kerala
8) Which state has received an investment of ₹1 Trillion in the maritime sector, transforming it into a regional trade hub shortly?
(a) Kerala
(b) Telangana
(c) West Bengal
(d) Maharashtra
(e) Gujarat
9) Which state government has announced a farm loan waiver of up to 99 thousand 999 rupees which will be cleared within the next 45 days?
(a) Kerala
(b) Telangana
(c) West Bengal
(d) Maharashtra
(e) Gujarat
10) The government has planned to increase the number of ‘Jan Aushadhi Kendras’ from how many shops to 25,000?
(a) 10000
(b) 15000
(c) 12000
(d) 20000
(e) 18000
11) Smt Droupadi Murmu has approved one President’s Tatrakshak Medal (PTM) and __________ Tatrakshak Medals (TM) to the Indian Coast Guard personnel.
(a) 5
(b) 6
(c) 7
(d) 8
(e) 4
12) A President approves 76 Gallantry awards, including nine posthumous, to Armed Forces & CAPF personnel. Out of 76, how many Shaurya Chakras awards are approved?
(a) 11
(b) 12
(c) 14
(d) 15
(e) 20
13) ISRO aims to land Chandrayaan 3 lander softly on the surface of the Moon on August 23rd at which pole?
(a) North
(b) East
(c) South
(d) West
(e) South East
14) Indian men’s hockey team jumps to third spot in FIH Men’s Hockey World Rankings. Which country tops the list?
(a) Belgium
(b) Netherlands
(c) Spain
(d) England
(e) Germany
15) Eminent writer, scholar and academician Kandlakunta Alaha Singarachary passed away. Which language does he relate to?
(a) Kaneda
(b) Malayalam
(c) Telugu
(d) Tamil
(e) Hindi
Answers :
1) Answer: C
Bank of Maharashtra (BoM) has emerged as the top performer among public sector lenders in loan and deposit growth of 25% in percentage terms during the first quarter of the current financial year. The deposit and advances of the Pune-based lender are the highest by any public sector bank (PSB) during the April-June quarter.With a growth rate of 24.98%, the gross domestic advances of the bank rose to Rs 1,75,676 crore at the end of June 2023It was followed by UCO Bank with 20.70% growth, while Bank of Baroda (BoB) with 16.80% and Indian Overseas Bank (IOB) with 16.21% growth were at 3rd and 4th spot respectively. State Bank of India (SBI) stood at the 5th spot with 15.08% rise in domestic advances growth.
2) Answer: C
Finance Minister Smt Nirmala Sitharaman introduced the Mahila Samman Savings Certificate (MSSC), a small savings scheme for women and girls in August 2023.Currently 5 Banks offering Mahila Samman Savings Certificate include Bank of Baroda (BoB), Union Bank of India, Canara Bank and Bank of India (BoI), Punjab National Bank (PNB). The MSSC is a government-guaranteed limited-period small savings scheme aimed at empowering women and fostering their financial inclusion. MSSC is a 2-year deposit scheme, which offers an interest rate of 7.5% per annum. It is a one-time program that runs from April 2023 to March 2025.
3) Answer: E
RBI had shortlisted 7 applicants to participate in the request for proposal process (RFP) for the selection of consultant(s).The 7 firms were Accenture Solutions Private Limited; Boston Consulting Group (India) Pvt Ltd; Deloitte Touche Tohmatsu India LLP; Ernst and Young LLP; KPMG Assurance and Consulting Services LLP; McKinsey and Company; and PricewaterhouseCoopers Pvt Ltd. Out of the 7 applicants, McKinsey and Accenture have been awarded the contract & the value of the contract is about Rs 91 crore. While the RBI is already using AI and ML in supervisory processes, it now intends to upscale it to ensure that the benefits of advanced analytics can accrue to the Department of Supervision in the central bank. The Department of Supervision of RBI is using linear and a few machine-learnt models for supervisory examinations.
4) Answer: C
India’s largest public sector lender, the State Bank of India (SBI), remained the front runner in the Debit cards market, holding a whopping 28% share in June 2023, revealed latest data by 1 Lattice (Previously PGA Labs).Top banks followed the list like Bank of Baroda (BoB) which held about 9% market share, followed by Bank of India (BoI), Canara Bank, Union Bank and HDFC Bank with approximately 5% market share each.ICICI Bank registered the highest degrowth of 11%, followed by Punjab National Bank (PNB) with a 10% degrowth.In the past 4 years, debit and credit card transactions have grown at a CAGR of 20% and 19% respectively.According to the recent report by PWC India, 71 million active credit cards in FY22.India’s largest private bank, HDFC Bank continued to lead the race in credit cards market with a 21% share.
5) Answer: B
India’s leading private lender Bandhan Bank has announced its strategic partnership with the Odisha Government to enhance payment solutions for Odisha Tourism Development Corporation (OTDC) Limited.The integration of these PoS machines is set to expedite payment collections from tourists, streamlining the process for both visitors and OTDC officials. The Electronic Data Capture (EDC) machines will also help prevent revenue loss for OTDC, which may be caused by the lack of cash carried by the tourists. This initiative aligns with the nation’s vision of becoming a cashless economy. In 2015 Bandhan Bank became the 1st ever microfinance institution to become a Universal Bank in India.
6) Answer: A
Ministry of Electronics & Information Technology (MeitY) Secretary Shri Alkesh Kumar Sharma launched the ‘Graphene-Aurora program’ at a function in Maker Village Kochi, Kerala. The program shall be implemented by Digital University Kerala with joint funding from the Ministry of Electronics & Information Technology (MeitY), the Government of India and the Government of Kerala and Industry partners, with a total budget outlay of Rs 94.85 Crore, wherein, Carborundum Pvt Limited joined as one of the main industry partners. Along with the startup products developed, the technologies and products also developed at research and development centres like India Innovation Centre Graphene (IICG), set up at Makers Village, Kochi shall be considered for commercialization.
7) Answer: D
The 77th Independence Day of India was celebrated by the High Commission of India in Bangladesh on 15th August 2023. A large number of Indian community members took part in the celebrations at the Chancery building in Dhaka.This year, the Independence Day celebrations were held with great fervour as part of the ongoing celebrations of Azadi Ka Amrit Mahotsav. High Commissioner, Shri Pranay Verma unfurled the national flag and read out excerpts from the Hon’ble President’s Address to the Nation. Artists of the Indira Gandhi Cultural Centre (IGCC) performed patriotic songs on the occasion.
8) Answer: C
The Union Minister of Ports, Shipping & Waterways (MoPSW) and Ayush, Shri Sarbananda Sonowal attended the roadshow organised by Syama Prasad Mookerjee Port (SMPK) for the ensuing Global Maritime India Summit, 2023 (GMIS) in Kolkata. The roadshow was attended by the captains of India Inc in the city as well as top officials, technocrats as well as social leaders with an intent to encourage their participation meaningfully to “Connect, Collaborate and Create” with global investors at the forthcoming summit in New Delhi. West Bengal is poised to receive investment worth ₹1 trillion in the maritime sector and that will make the state a maritime hub shortly.
9) Answer: B
Telangana government has announced a farm loan waiver of up to 99 thousand 999 rupees. It will be cleared within the next 45 days. The Government has released over 5,800 crore rupees towards this end. The decision will benefit over 9 lakh farmers. It will fulfil the electoral commitment made by Chief Minister K Chandrasekhar Rao to waive farm loans of up to one lakh rupees. The amount will be transferred directly into the loan accounts of farmers. With the latest decision, farm loans up to 99,999, amounting to 7753.43 crore rupees, of over 16 lakh 66 thousand farmers will be cleared.
10) Answer: A
Prime Minister Shri Narendra Modi during his Independence Day speech at Red Fort said that the government has plans to increase the number of ‘Jan Aushadhi Kendras’ from 10,000 to 25,000.He said Jan Aushadhi Kendras gave a new power to the people special the middle class. If someone is diagnosed with diabetes then a monthly bill of Rs. 3000 gets accrued. Through Jan Aushadhi Kendras, the medicines that cost Rs 100, we are giving at Rs 10 to Rs 15.The Government will launch the Vishwakarma scheme with an allocation of ₹13,000 to 15,000 crore in the next month for those with traditional skills. The government is working to increase the number of ‘Jan Aushadhi Kendra’ (subsidised medicine shops) from 10,000 to 25,000.
11) Answer: A
President Smt Droupadi Murmu has approved one President’s Tatrakshak Medal (PTM) and five Tatrakshak Medals (TM) to the Indian Coast Guard personnel for their act of conspicuous gallantry, exceptional devotion to duty and distinguished/meritorious service on the occasion of Independence Day 2023.These awards are given to the personnel of the Indian Coast Guard on the occasion of Republic Day and Independence Day every year since January 26, 1990.
12) Answer: A
President Smt Droupadi Murmu has approved 76 Gallantry awards to Armed Forces and Central Armed Police Forces personnel on Independence Day 2023. These include four Kirti Chakra (posthumous), 11 Shaurya Chakras, including five posthumous, two Bar to Sena Medals (Gallantry), 52 Sena Medals (Gallantry), three Nao Sena Medals (Gallantry) and four Vayu Sena Medals (Gallantry).The President has also approved 30 Mention-in-Despatches to the Army, including to Army dog Madhu (Posthumous), and one to Air Force personnel for their significant contributions to different military operations. The operations include Operation Rakshak, Operation Snow Leopard, Operation Casualty Evacuation, Operation Mount Chomo, Operation Pangsau Pass, Operation Meghdoot, Operation Orchid, Operation Kalisham Valley, Rescue Operation and Operation Evacuation.
13) Answer: C
The spacecraft that was moving around the moon in an elliptical orbit of 174 km into 1437 km was moved closer to the Mmoon by retrofitting onboard engines last night to take a nearly circular orbit of 151 km into 179 km. ISRO Telemetry, Tracking and Command Network in Bengaluru will take up the next orbit reduction manoeuvre on 16th August 2023 at around 08:30. Afterwards, the spacecraft will enter a lunar circular orbit of 100 km into 100 km. ISRO aims to land Chandrayaan 3 lander softly on the surface of the Moon on August 23rd at the south pole. India will become the fourth nation to land its payload on the Moon.
14) Answer: B
Indian men’s hockey team has jumped to the third spot in FIH Men’s Hockey World Rankings following their Asian Champions Trophy title win in Chennai. India has reached the third spot with 2771.35 points. They gained 8.61 points following their win. The rankings are topped by three-time World Champions Netherlands with 3095.90 points. Belgium is in the second position with 2917.87 points .Meanwhile, the Indian Junior Men’s and Women’s Hockey Team departed for their European tour from Bengaluru.
15) Answer: C
Eminent Telugu writer, scholar and academician Kandlakunta Alaha Singaracharyulu passed away due to age-related ailments at his residence in Hyderabad. He was 93.The funeral was performed at the Autonagar crematorium near LB Nagar. He is survived by six children including four sons and two daughters. Senior journalist and Andhra Jyothi editor K Srinivas is his second son.
