Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2023 of 19th July 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) As per the recent report from RBI, How much percentage does India need for average annual GDP growth to make it a developed nation by 2047?
(a) 7.8
(b) 7.5
(c) 7.6
(d) 7.2
(e) 7.0
2) DICGC asks insured banks to display its logo & QR code on the website. When was the Deposit Insurance and Credit Guarantee Cooperation Act enacted?
(a) 1960
(b) 1978
(c) 1965
(d) 1961
(e) 1972
3) IRDAI appointed Tata AIG General Insurance as a lead non-life insurer for which state?
(a) Madhya Pradesh
(b) Tamil Nadu
(c) Gujarat
(d) Maharashtra
(e) Mizoram
4) Incremental credit-deposit ratio of banks slides to 63.7% in Q1 for the financial year of___________
(a) 2025
(b) 2024
(c) 2026
(d) 2023
(e) 2027
5) Bank of India inaugurated IFSC Banking Unit at GIFT City. BOI targeted to achieve how much billion dollar business in March 2024?
(a) 3
(b) 1
(c) 4
(d) 2
(e) 5
6) The Union Government launched a sale of subsidized Chana dal under brand name ‘Bharat Dal’. What is the Cost per kilogram for 30kg pack?
(a) 70 Rs
(b) 80 Rs
(c) 60 Rs
(d) 55 Rs
(e) 50 Rs
7) The Union Government forms a new panel to review All Surveys Conducted Under NSO. How many members are there in the panel?
(a) 14
(b) 10
(c) 8
(d) 6
(e) 5
8) First ever BIMSTEC Foreign Ministers meeting started in Bangkok, Thailand. How many members are there in BIMSTEC?
(a) 8
(b) 7
(c) 6
(d) 5
(e) 4
9) Finance Ministry appoints which organization’s executive director Pramod Rao as a Member of the Board of the International Financial Services Centre Authority?
(a) IRDAI
(b) NATO
(c) SEBI
(d) SIDBI
(e) NABARD
10) Which country along with India started a joint military exercise named “Nomadic Elephant – 2023”?
(a) USA
(b) Thailand
(c) France
(d) Mongolia
(e) Sri Lanka
11) Indian Army Signs a Contract for Procurement of Tactical Access Switch with Tata Advanced Systems Limited (TASI). Where is the headquarters of TASI?
(a) Maharashtra
(b) Delhi
(c) Telangana
(d) Andhra Pradesh
(e) Karnataka
12) To which organization India is set to launch a project on tax & financial crime investigation from July 18?
(a) IFSC
(b) IRDAI
(c) OECD
(d) NHB
(e) SIDBI
13) NITI Aayog released the 3rd edition of the ‘Export Preparedness Index (EPI) 2022’ for States/UTs. Tamil Nadu topped in the list with overall score of____________
(a) 80.89
(b) 79.45
(c) 80.75
(d) 80.65
(e) 80.99
14) Which IIT is set to develop a tamper-proof signalling system for safety in trains?
(a) Madras
(b) Kanpur
(c) Delhi
(d) Kharagpur
(e) Bangalore
15) In Export preparedness index (EPI) 2022, the ranking is based on how many main pillars?
(a) 5
(b) 6
(c) 4
(d) 7
(e) 3
16) Which state has the highest number of districts, in export districts in the country?
(a) Madhya Pradesh
(b) Tamil Nadu
(c) Gujarat
(d) Maharashtra
(e) Mizoram
17) Where is headquarter of Organisation for Economic Cooperation and Development (OECD)?
(a) USA
(b) Germany
(c) Russia
(d) France
(e) Australia
18) What is the currency of Mongolia?
(a) Lira
(b) Rand
(c) Lev
(d) Togrog
(e) Rial
19) Indrāvati national park situated in which state?
(a) Madhya Pradesh
(b) Chattisgarh
(c) Gujarat
(d) Maharashtra
(e) Mizoram
20) How many districts have formed in district export promotion?
(a) 650
(b) 674
(c) 668
(d) 664
(e) 652
Answers :
1) Answer: C
Reserve Bank of India’s (RBI’s) latest monthly bulletin, India’s real Gross Domestic Product (GDP) needs to grow at 7.6% per annum over the next 25 years for it to become a developed country by 2047-48. India’s per capita income is currently estimated at $2,500, while it must be more than $21,664 by 2047, as per World Bank standards, to be classified as a high-income country. To achieve this target, the required real GDP compounded annual growth rate (CAGR) for India works out to be 7.6% during 2023-24 to 2047-48. The report stated that to become a high-income country by 2047-48, India’s per capita GDP in nominal terms would have to record a CAGR of 10.6% (9.1%).
2) Answer: D
Deposit Insurance and Credit Guarantee Corporation Act, 1961. DICGC has asked all insured banks to display the DICGC Logo and QR code (quick-response code) linked to its website on the banks’ internet banking portals and websites. These decisions have been taken to enhance awareness about Deposit Insurance. This will allow customers to conveniently identify banks covered by the Deposit Insurance Scheme of DICGC. All banks are required to comply with the circular effective from September 1, 2023.
3) Answer: D
The Insurance Regulatory and Development Authority of India (IRDAI) has selected Tata AIG General Insurance Company Limited as the non-life insurer for the State ofMaharashtra to initiate and drive activities in collaboration with all other non-life and health insurance companies to increase insurance penetration in the State in line with its vision “Insurance for all by the year 2047”. Tata AIG General Insurance Company Limited will collaborate with all non-life and health insurance companies working in the state of Maharashtra, the IRDAI, and the State Government to create awareness of existing government schemes, enhancing insurance reach and accessibility across the state at the Gram Panchayat, district and state levels.
4) Answer: B
The incremental credit-deposit (C/D) ratio of all scheduled banks decreased to 63.7% in Q1 of FY24. The incremental credit-deposit (C/D) ratio was 100.32% in the year-ago quarter. As per the RBI’s latest “Scheduled Banks’ Statement of Position in India”, banks’ credit in Q1 of FY24 grew by ₹7, 16,738 crore and their deposits grew by ₹11,25,043 crore. The credit to deposit (C/D) ratio reflects how much of each rupee of deposit raised by a bank is allocated to the credit markets. A CD ratio of 63.7% means that for every 100 fresh deposits raised by banks, they have extended 63.70 in new credit and the remaining 36.30 have gone into investments.
5) Answer: B
The Bank of India (BoI) inaugurated its IFSC Banking Unit (IBU) in the International Financial Services Centre at GIFT SEZ area in Gandhinagar, Gujarat. BOI has targeted to achieve $1 billion in business by March 2024 and $4 billion in the subsequent three years. BOI’s overseas branches contribute to nearly 15% of global deposits and 16% of global advances. Bank of India has a presence in 15 foreign countries through 21 overseas branches, 4 overseas subsidiaries, one joint venture, and one representative office.
6) Answer: D
The Union Minister of Consumer Affairs, Food & Public Distribution, Textiles and Commerce and Industry, Shri Piyush Goyal launched the sale of subsidised chana dal under the brand name ‘Bharat Dal’ at the rate of Rs 60 per kg for one kg pack and Rs 55 per kg for 30 kg pack. To make pulses available to consumers at affordable prices. The retail outlets of the National Agricultural Cooperative Marketing Federation, (NAFED) in Delhi-NCR are selling the chana dal. The milling and packaging of the Chana Dal has been undertaken by NAFED for distribution through its retail outlets in Delhi-NCR and also through the outlets of Kendriya Bhandar and Safal.
7) Answer: A
The Union government has established a new oversight mechanism to review data from the National Statistical Office (NSO). The Standing Committee on Economic Statistics (SCES) set up in 2019 will be replaced by a Standing Committee on Statistics (SCoS). Pronab Sen, India’s first chief statistician, has been named as the chairman of the new committee. This new panel will have 10 members and 4 non-official members who are eminent academics. The Ministry of Statistics and Programme Implementation (MOSPI) issued notification regarding this on 13 July 2023.
8) Answer: B
There are 7 member countries in the BIMSTEC organization.The first-ever Foreign Ministers’ meeting of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) started in Bangkok, Thailand. India’s External Affairs Minister Mr S Jaishankar attended the meeting. Also, Mr. Jaishankar Co-chaired the 12th Mekong Ganga Cooperation (MGC) meeting in Bangkok along with Foreign Minister of Lao PDR Saleumxay Kommasith. Many issues will be discussed during this meeting including the India-Myanmar-Thailand trilateral highway.
9) Answer: C
The Ministry of Finance (MoF) has appointed Pramod Rao, Executive Director of the Securities and Exchange Board of India (SEBI), as a Member of the Board of the International Financial Services Centre Authority (IFSCA).He replaced Sujit Prasad, Executive Director SEBI, who was appointed as a Member (representing SEBI) in IFSCA in July 2020. He had served as a Member of the Board of Directors of ICICI Securities Ltd, ICICI Prudential Trust Ltd and ICICI Trusteeship Services Ltd. Rao took charge as SEBI Executive Director on July 15, 2020.
10) Answer: D
Indian Army contingent comprising 43 personnel left for Mongolia to take part in a joint military exercise ‘Nomadic Elephant 2023’ between India and Mongolia. Nomadic Elephant 2023 is the 15th edition. Nomadic Elephant 2023’ is scheduled from 17 July 2023 till 31st July 2023. Indian Army soldiers from the Jammu and Kashmir Light Infantry Regiment and Soldiers of the Mongolian Armed Forces Unit 084 are participating in the exercise. The theme of the exercise to focus on counter-terrorism operations in mountainous terrain under a United Nations mandate.
11) Answer: C
Headquarters of TASI Hyderabad, Telangana, India. The Indian Army signed the contract for procurement of Tactical Access Switch with Tata Advanced Systems Limited, continuing with the commitment towards the ‘Make in India’ initiative. The Indian Army in the recent past has inducted the made-in-India Dhanush howitzer which has been developed based on the Transfer of Technology for the Bofors howitzers and has been made more advanced. The Dhanush howitzer can strike targets at up to 48 Kms, and was inducted in the Eastern Ladakh sector in 2022.
12) Answer: C
The Union Finance Minister Smt Nirmala Sitharaman announced that India and the Organisation for Economic Cooperation and Development (OECD) are launching a pilot programme on tax and financial crime investigation for South Asia from July 18, 2023. It will be launched to take the lead to build capacity in tax and financial crime investigation in the South Asia region. The pilot program will be launched in collaboration with OECD for the South Asian Region at the Regional Campus of the National Academy of Direct Taxes in New Delhi. Financial crimes such as tax evasion, corruption, and money laundering are intrinsically related to each other.
13) Answer: A
Tamil Nadu (TN) topped the 3rd edition of the NITI Aayog’s Export Preparedness Index 2022 with an overall score of 80.89, piping Maharashtra (78.20) and Karnataka (76.36). The report was released by Vice Chairman, NITI Aayog, Shri. Suman Bery. Niti Aayog’s Export Preparedness Index 2022 which assesses the readiness of the states in terms of their export potential and performance. To promote exports, 674 districts have formed a District Export Promotion Committee, while 557 have formulated a District Export Action Plan.
14) Answer: D
The Indian Institute of Technology (IIT), Kharagpur, is developing a tamper-proof signalling system based on blockchain technology for the Indian Railways. The system is going to be embedded with enhanced safety measures; the new system would complement the existing Data Logger which is considered the ‘Black Box’ of rolling stock. The system would complement the Data Logger which was limited by its centralised storage facility, lack of tamper-evident data, and limited access control. The new blockchain system would address these limitations by storing data in a distributed ledger, using cryptography to ensure data integrity, and making data accessible to all stakeholders. This would make the new system more secure, transparent, and efficient than the current system.
15) Answer: C
The ranking is based on 4 main pillars:
- Policy Pillar evaluates states and UTs’ performance based on its adoption of the export-related policy ecosystem at a state and district level as well as the institutional framework surrounding the ecosystem.
- Business Ecosystem assesses the prevailing business environment in a state/UT, along with the extent of business-supportive infrastructure, and a state/UTs’ transport connectivity.
- Export Ecosystem focuses on the export-related infrastructure in a state along with the trade support provided to the exporters, and the prevalence of Research and Development in the state to foster innovation.
- 4. Export Performance is an output-based indicator which gauges the growth of a state’s export over the previous year and analyses its export concentration and footprint on the global markets
16) Answer: C
Among export districts, Jamnagar in Gujarat topped the chart. “Gujarat has the highest number of districts, 8, in the top 25 export districts in the country. It was followed by Surat, Mumbai Suburban, Mumbai, Pune, Bharuch, Kanchipuram, Ahmedabad, GautamaBuddha Nagar and Bengaluru Urban. While Jamnagar is the hub of petroleum, Surat is the main centre for gems and jewellery. To promote exports, 674 districts have formed a District Export Promotion Committee, while 557 have formulated a District Export Action Plan.
17) Answer: D
OECD is an intergovernmental organisation founded to stimulate economic progress and world trade. Founded in 1961; Headquarters: Paris, France; Membership of 38 Countries. Recently, the pilot program will be launched in collaboration with OECD for the South Asian Region at the Regional Campus of the National Academy of Direct Taxes in New Delhi.
18) Answer: D
President : Ukhnaagiin Khürelsükh; Prime Minister : Luvsannamsrain Oyun-Erdene; Capital : Ulaanbaatar; Currency : Tögrög. Recently, An Indian Army contingent comprising 43 personnel left for Mongolia to take part in a joint military exercise ‘Nomadic Elephant 2023’ between India and Mongolia.
19) Answer: B
Indrāvati National Park is a national park located in Bijapur district of Chhattisgarh state in India. The park derives its name from the Indrāvati River, which flows from east to west and forms the northern boundary of the reserve with the Indian state of Maharashtra.
20) Answer: B
To promote exports, 674 districts have formed a District Export Promotion Committee, while 557 have formulated a District Export Action Plan. “Gujarat has the highest number of districts, 8, in the top 25 export districts in the country. The landlocked regions, Haryana topped the ranking with a score of 63.65 followed by Telangana, Uttar Pradesh, Punjab, Madhya Pradesh and Rajasthan. In the category of union territories/small states, Goa (51.58) was ranked first. Jammu and Kashmir, Delhi, Andaman and Nicobar and Ladakh were ranked second, third, fourth and fifth, respectively. Among export districts, Jamnagar in Gujarat topped the chart. It was followed by Surat, Mumbai Suburban, Mumbai, Pune, Bharuch, Kanchipuram, Ahmedabad, Gautam Budha Nagar and Bengaluru Urban.
