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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2023 of 16th September 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) The Reserve Bank of India (RBI) allows banks and non-banking financial corporations (NBFCs) to delay the release of property documents for 30 days after the loan settlement. The borrower has to pay compensation of how much rupees per day of delay?
(a) Rs. 4000
(b) Rs. 5000
(c) Rs. 3500
(d) Rs. 5500
(e) Rs. 4500
2) The Bank of Baroda has launched the festive campaign “BOB ke sang tyohaar Ki umang”. How many new savings accounts have been opened by Bank of Baroda?
(a) 5
(b) 4
(c) 3
(d) 2
(e) 6
3) SEBI totally imposes Rs 21.5 Lakh penalty imposed on top executives of Reliance Home Finance for non-disclosure and concealment of adverse information in forensic audit. How much has SEBI penalized for Reliance Home Finance?
(a) Rs. 12 lakhs
(b) Rs. 15 lakhs
(c) Rs. 11 lakhs
(d) Rs. 10 lakhs
(e) Rs. 9 lakhs
4) The World Bank has praised India’s efforts in the field of digital public infrastructure. How long will India take to reach financial inclusion?
(a) 5
(b) 4
(c) 6
(d) 3
(e) 8
5) What is the fastest transaction rate (TPS) in Juspay?
(a) 4000
(b) 5000
(c) 3000
(d) 4500
(e) 3500
6) IndusInd Bank has just launched a new ‘Virtual Commercial Credit Card’ that makes it easy for businesses and travel agents to make cross-border payments without any hassle. Who has inaugurated IndusInd Bank in 1994?
(a) Arun Jaitely
(b) Manmohan Singh
(c) Narishma Rao
(d) Atal Bihari Vajpayee
(e) Pradibha Patel
7) The Reserve Bank of India (RBI) has published a list of top 15 non-banking financial corporations (NBFCs) in the ‘upper layer’ under the scale-based rules. Which organisation came second on the list?
(a) LIC
(b) Bajaj Finance
(c) Shriram Finance
(d) Tata Motors
(e) Piramal Capital
8) PM-KUSUM allows domestic content for solar cells up to March 2024. How much percentage will the government subsidize?
(a) 30%
(b) 25%
(c) 45%
(d) 35%
(e) 25%
9) CIL plans to invest around Rs. 24750 crore in FMC over next few years. What is the MTPA capacity of 61 FMC (First Mile Connectivity) once completed?
(a) 761.5
(b) 762.5
(c) 763.5
(d) 764.5
(e) 765.5
10) India becomes the 13th country that can issue internationally accepted OIML Certificates. What is “L” represent in OIML?
(a) Limited
(b) Legal
(c) Liberal
(d) List
(e) Linear
11) In which state/UT has Dr Jitendra Singh, Union minister, launched the special campaign 3.0 portal in order to reduce the waiting time in government offices?
(a) Gujarat
(b) Delhi
(c) Maharashtra
(d) Bihar
(e) Goa
12) It is the __________G-20 Global Partnership Meeting for Financial Inclusion underway in Mumbai
(a) 3rd
(b) 4th
(c) 5th
(d) 2nd
(e) 6th
13) The Prime Minister for authorizing the amount of how much (in crores) for the development of the sustainable fishery and Aquaculture sector under the Pradhan Mantri Matsya Sampadan Yojana?
(a) Rs. 20050 crores
(b) Rs. 20040 crores
(c) Rs. 20030 crores
(d) Rs. 20060 crores
(e) Rs. 20070 crores
14) The Karnataka government has just rolled out a new gig worker insurance scheme that covers gig workers up to Rs 4 lakh. Which government rolled it out first?
(a) Kerala
(b) Rajasthan
(c) Gujarat
(d) Madhya Pradesh
(e) Andhra Pradesh
15) Odisha has signed a Memorandum of Understanding (MoU) with six banks to provide banking services in non-banking gram panchayats. Which banks aren’t included in the list?
(a) SBI
(b) Union Bank of India
(c) UCO
(d) BoB
(e) Indian Bank
16) Tax assesses with turnover of ₹ 100 crore or more will now have 30 days to make invoices available on e-invoicing portal. Earlier, how many days was the time limit?
(a) 4
(b) 5
(c) 6
(d) 7
(e) 8
17) Fixed return investment platform Stable Money has launched the country’s _______ fixed deposit (FD) marketplace for retail investors.
(a) First
(b) Second
(c) Third
(d) Fourth
(e) Fifth
18) The 15 countries have acceded to the United Nations Convention on the Lawfulness of the Legal Sale of Ships. Where is the headquarters of the International Maritime Organization?
(a) USA
(b) UK
(c) China
(d) Switzerland
(e) Japan
19) The Montreal Protocol entered into force on January 1, 1989. When was the World Ozone Day celebrated?
(a) September 14
(b) September 15
(c) September 13
(d) September 16
(e) September 17
20) International Red Panda Day is celebrated every year on the third Saturday in September. When was the first red panda observed?
(a) 1824
(b) 1825
(c) 1826
(d) 1827
(e) 1828
Answers :
1) Answer: B
Banks and NBFCs have been directed by RBI to release property documents within 30 days of settlement of loan account. All banks, non-banking finance companies (NBFCs) and asset reconstruction companies (ARCs) have been asked to release all the original movable/immovable property documents.They have also been asked to remove charges registered with any registry within a period of 30 days after full repayment/settlement of the loan account.The borrower will be given option of collecting the documents from the banking outlet/branch where the loan account was serviced.In case of delay in releasing of original movable/immovable property documents, the Regulated Entity shall communicate to the borrower reasons for such delay.If the Regulated Entity is to blame for the delay, it must pay the borrower compensation of 5,000 for each day of the delay.
2) Answer: B
Bank of Baroda announced the start of the “BOB Ke Sang Tyohaar Ki Umang” holiday campaign, which would last through December 31, 2023.The launch of 4 new savings accounts from Bank of Baroda, together with enticing interest rate promotions on loans for homes, cars, people, and education, are among the company’s festival offers.
3) Answer: B
SEBI has imposed penalty of ₹15 lakh on Reliance Home Finance. The penalty has been imposed for violating LODR (Listing Obligations and Disclosure Requirement) regulations and failure to disclose the adverse findings of a forensic report. A penalty of ₹2 lakh, ₹2.5 lakh and ₹2 lakh have been levied on Chief executiveRavindra Sharad Sudhalkar, company secretary and compliance officer Parul Jain and CFO Pinkesh Shah, respectively. In January 2020, Reliance Home Finance reported that there were no adverse findings in the forensic audit report carried out by Grant Thornton.
4) Answer: C
World Bank has released findings included in it’s G20 document saying India has achieved financial inclusion targets in just 6 years which would otherwise have taken at least 47 long years. The policy document prepared by the World Bank, without Digital Payment Infrastructure (DPI) such as Jan Dhan Bank accounts, Aadhaar, and Mobile phones (the JAM trinity), India may have taken 47 years to achieve financial inclusion rate of 80% which the country has achieved in just six years. The World Bank document highlighted that the India Stack exemplifies DPI approach by combining digital ID, interoperable payments, a digital credentials ledger, and account aggregation.
5) Answer: B
Yes Bank has partnered with Juspay to launch HyperUPI – NPCI’s plug-in service – that allows merchant apps to build in-app UPI payments. Merchants on boarded by Yes Bank can now offer their customers a one-click UPI experience without opening their UPI app.This plug-in software development kit (SDK) is built on a UPI-on-cloud stack, which also supports UPI payments for several consumer and merchant apps. Juspay was the first fintech to playerto build the UPI PSP on the cloud, which has recorded an uptime of over 99.99% and the highest transactions per second (TPS) of 5,000.
6) Answer: B
IndusInd Bank introduced the ‘Virtual Commercial Card’, for cross-border transactions for corporations and travel agents. Developed in collaboration with Visa and Juspay, this virtual card offers enhanced layers of security, allowing users to customise settings for each transaction. IndusInd Bank Limited is an Indian financial services headquartered in Mumbai. IndusInd Bank was inaugurated in April 1994 by then Union Finance Minister Manmohan Singh. CEO: Sumant Kathpalia, Headquarters: Mumbai.
7) Answer: B
The Reserve Bank of India released a list of fifteen NBFCs figuring in the ‘upper layer’ under the scale based regulation for these lenders for the financial year 2024.LIC Housing Finance Limited ranked first on the list, followed by Bajaj Finance Limited on second and Shriram Finance Limited (formerly Shriram Transport Finance Company Limited) on third. TMF Business Services Limited (formerly Tata Motors Finance Limited) was not included in the list despite qualifying due to its ongoing business reorganisation. The other NBFCs that are on RBI’s 2023-24 list of NBFC-UL are HDB Financial Services, Aditya Birla Finance, Mahindra & Mahindra Financial Services, Muthoot Finance, L&T Finance, Piramal Capital & Housing Finance, Tata Capital Financial Services, PNB Housing Finance, Indiabulls Housing Finance, and Bajaj Housing Finance.
8) Answer: A
For agriculture feeder solarisation, central financial assistance (CFA) of ₹1.05 crore per MW is provided. There is no mandatory requirement of financial support from participating states. The feeder solarisation can be implemented in CAPEX or RESCO (Renewable Energy Service Company) mode. Besides, the CFA under Component C is 30 per cent of the benchmark cost or the tender cost, whichever is lower. State government subsidy is 30 per cent, and the remaining 40 per cent is to be paid by the farmer. As of July 2023, in Component C, the Centre has sanctioned 1,21,930 pumps under individual pump solarisation (IPS) of which 1,519 pumps have been installed.
9) Answer: C
Coal India Limited (CIL) has planned a capital investment of about Rs. 24,750crore in the next few years on 61 First Mile Connectivity (FMC) projects. To come up in three phases, these projects combined will have a capacity of 763.5 million tonne per annum (MTPA) when completed. FMC projects involve transportation of coal in mechanised piped conveyors from production point to coal handling plants/silos with rapid loading system where coal is loaded directly into rail wagons.
10) Answer: B
India has become the 13th country in the world that can issue Internationally Accepted OIML (International Organisation of Legal Metrology) Certificates. Addressing media in New Delhi, Secretary, of Consumer Affairs Rohit Kumar Singh informed Domestic manufacturers can now get their weighing and measuring instruments tested in the country and sell in the International market. it is a single certificate accepted worldwide and reduces redundancy, and saves resources. This system ensures uniformity and trust in measurement worldwide and saves resources by avoiding repeated certifications.
11) Answer: B
Union Minister of State for Personnel, Public Grievances, and Pensions Dr Jitendra Singh has launched a Special Campaign 3.0 portal at a function in New Delhi. Through this dedicated portal – scdpm.nic.in the Special Campaign 3.0 will be monitored. The Government has announced to conduct Special Campaign 3.0 from the 2nd to the 31st of October this year with a focus on Swachhata and reducing pendency in Government Offices with a saturation approach.
12) Answer: B
The Fourth G20 Global Partnership for Financial Inclusion (GPFI) Meeting is being held in Mumbai. More than 50 delegates from G20 member countries, special invitee countries and International Organizations are participating in the meeting. The GPFI members are holding discussions related to GPFI work regarding the implementation of G20 GPFI High-Level Principles for Digital Financial Inclusion, Update of National Remittance Plans and SME best practices and innovative instruments to overcome common constraints in SME financing.
13) Answer: A
Union Minister of Fisheries, Animal Husbandry and Dairying, Shri Parshottam Rupala inaugurated Second Edition of ICAR-CIBA’s (ICAR-Central Institute of Brackish water Aquaculture) Shrimp Farmers Conclave-2023 at the Navsari Agricultural University Campus in Gujarat. Shri Parshottam Rupala conveyed his gratitude to Prime Minister Shri Narendra Modi, for approving the Pradhan Mantri Matsya Sampadan Yojana with the financial outlay of Rs. 20,050 crores for the sustainable development of fisheries and aquaculture sector.
14) Answer: B
Karnataka is the second state after Rajasthan to launch an insurance scheme for gig workers. The state government rolled out an insurance scheme with a cover of Rs 4 lakh for gig workers across the state. The state will pay the entire premium for the scheme under which workers will get a life insurance cover of Rs 2 lakh and accidental cover of Rs 2 lakh. The scheme was announced by chief minister Siddaramaiah in the state budget in July.
15) Answer: E
Odisha government signed a memorandum of understanding (MoU) with six public sector banks for providing banking services in all unbanked gram panchayats (GPs) of the state through customer service point (CSP) Plus banking outlets. These banks were the State Bank of India, Punjab National Bank, Union Bank of India, UCO Bank, Bank of India and Bank of Baroda. As many as 4,373 out of 6,798 GPs do not have brick and mortar branches. That means around 65 percent of GPs do not have such bank branches. The scheme will be implemented in a phased manner to cover unbanked GPs of the state within the current financial year 2023-24.
16) Answer: D
GST assessments with turnover of at least ₹100 crore will now have up to 30 days to disclose invoices on the e-invoice portal. New norms will become effective from November 1. Earlier, the time limit was kept at 7 days. GST Authority has decided to impose a time limit of 30 days for reporting of invoices from the date of invoice, on e-invoice portals. This time limit is applicable for taxpayers with Aggregate Annual Turnover (AATO) greater than or equal to ₹100 crore.
17) Answer: A
Fixed return investment platform Stable Money has launched the country’s first fixed deposit (FD) marketplace for retail investors. The platform offers FDs, comparing interest rates from over 200 banks and NBFCs, and enables customers to manage and track their FDs on the platform. Additional features include ‘Break FD’ which gives flexibility to access funds before maturity without sacrificing returns, and ‘FD Laddering’ that helps maintain a balanced portfolio by considering both liquidity and returns.
18) Answer: B
In a significant development, 15 countries, including China, Saudi Arabia, Singapore and Switzerland, signed the UN Convention on the International Effects of Judicial Sales of Ships. The International Maritime Organization is a specialized agency of the United Nations responsible for regulating shipping. The IMO was established following agreement at a UN conference held in Geneva in 1948 and the IMO came into existence ten years later, meeting for the first time in 17 March 1958. Headquarters: London, United Kingdom.
19) Answer: D
Every year World Ozone Day is observed on 16 September. In 1913, the French Physicists, Charles Fabry and Henri Buisson discovered the Ozone Layer. The World Ozone Day Theme 2023 is ‘Montreal Protocol: fixing the ozone layer and reducing climate change’. In 1985, the Vienna Convention for the Protection of the Ozone Layer was adopted and signed by 28 countries. On 16th September 1987 the Montreal Protocol, on the substance that depletes the ozone layer was signed by the United Nations and Other Nations. The Montreal Protocol was first implemented on 1 January 1989.
20) Answer: B
Every year the third Saturday of September is celebrated as International Red Panda Day. The Red Pandas were first described in the year 1825. Red Pandas belong to the carnivore family but it rarely eats meat. In 2010, International Red Panda Day (IRPD) was launched by the Red Panda Network (RPN).The first International Red Panda Day was observed on 18th September 2010.Red Panda Network, whose headquarters is in Eugene, Oregon, has been actively participating in order to protect Red Pandas. Red Pandas sleep more than half a day. They communicate with each other by head bobbing and trail arching.