Home » Daily Current Affairs Quiz – 19th May 2023

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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2023 of 19th 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.

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1) As per the recent(May 2023) report, which of the following company has announced the launch of India’s first mutual fund focused mainly on defence sector?

(a) Aditya Birla Sun Life Mutual Fund

(b) Kotak Mahindra Mutual Fund

(d) HDFC mutual fund

(e) ICICI Prudential Mutual Fund

2) Recently in May 2023, the National Housing Bank (NHB) has asked housing finance companies to adopt an early warning signals (EWS) frame work to check financial frauds and also to prevent accounts from turning into non-performing assets. What should be the asset size of the housing finance companies to adopt this framework?

(a) <Rs 1,000 crore

(b) > Rs 2,000 crore

(d) > Rs 1,500 crore

(e) > Rs 3000 crore

3) Recently, World Bank (WB) has approved a grant of Rs 51-croresto set up an integrated road safety enforcement system in which of the following districts of Himachal Pradesh (HP)?

(a) Bilaspur and Kinnaur

(b) Simraur and Baddi-Barotiwala-Nalagarh police district

(d) Kangar and Mandi

(e) Hamirpur and Solan

4) Which of the following bank has made its partnership with Zomato to launch its own unified payments interface (UPI) offering called Zomato UPI?

(a) HDFC bank

(b) ICICI Bank

(d) Kotak Mahindra Bank

(e) Yes Bank

5) As per the recent report, who has inaugurated the 8th All India Pension Adalat in Delhi?

(a) Dr. Virendra Kumar

(b) Shri Piyush Goyal

(d) Smt. Smriti Zubin Irani

(e) Smt. Nirmala Sitharaman

6) As per the recent report, which of the following Regional News Units has celebrated its 67th Foundation Day in association with Oil India Limited?

(a) Akashvani Gangtok

(b) Akashvani Chandigarh

(d) Akashvani Aurangabad

(e) Akashvani Bhopal

7) As per the recent report, where was the Gram Vikas Yojana Distribution program organizedin Uttar Pradesh under the Chairman of the Khadi and Village Industries Commission (KVIC) Shri Manoj Kumar?

(a) Shahjahanpur

(b) Balrampur

(d) Mathura

(e) Hapur

8) What is the outlay for the second edition of the production-linked incentive (PLI 2.0) scheme for IT hardware approved by the Union Cabinet in May 2023?

(a) ₹10,000 crore

(b) ₹17,000 crore

(d) ₹25,000 crore

(e) ₹30,000 crore

9) As per the recent report, what is the subsidy amount approved by the Union government for phosphatic and potassic (P&K) fertilisers for the Kharif 2023 season?

(a) Rs 27,000 crore

(b) Rs 48,000 crore

(d) Rs 38,000 crore

(e) Rs 22, 000 crore

10) The Great Grandfather tree is in the news, where was the 5,000-year-old ‘Great Grandfather’ tree located?

(a) Southern Chile

(b) Congo Basin

(d) Tropical Andes

(e) Siberian Taiga

11) As per the recent report, with which country have India jointly launched the ’50 Start-up Exchange Programme’?

(a) France

(b) Afghanistan

(d) UAE

(e) Bangladesh

12) As per the recent report, where was the first ministerial meeting of the India-EU Trade and Technology Council (TTC) held?

(a) Luxembourg

(b) Vienna

(d) Paris

(e) Berlin

13) As per the recent report, where will the annual ASEAN Tourism Forum in 2024 be organised?

(a) Kathmandu

(b) Kabul

(d) Vientiane

(e) Jerusalem

14) As per the recent report, in which of the following state was India’s biggest Skywalk bridge sinaugurated?

(a) Kerela

(b) Tamil Nadu

(d) Andhra Pradesh

(e) Telangana

15) Which of the following ward in Kerala became the first fully insured ward?

(a) Kalangummukal

(b) Komalamkunnu

(d) Kakkou

(e) Karakkadu

16) As per the recent report, which of the following city has become the first city in India to accept the localization of the United Nations (UN)-mandated Sustainable Development Goals (SDG)?

(a) Lucknow

(b) Bhopal

(d) Chandigarh

(e) Jaipur

17) As per the recent report, what is the voting share secured by Congress in the 2023 Karnataka Assembly elections?

(a) 42.88%

(b) 43.76%

(d) 47.23%

(e) 48.47%

18) As per the recent report, India rejected the United States State Department’s report on religious freedom, describing it as motivated and biased. When was the report released?

(a) 11 May

(b) 15 May

(d) 10 May

(e) 17 May

19) Who has recently sworn in as the chairman of the Union Public Service Commission (UPSC)?

(a) Arundhati Ghose

(b) Manoj Soni

(d) Hashim

(e) Gurubachan Jagat

20) As per the recent report, which of the following Indian Naval shipsunder the command of Rear Admiral Gurcharan Singh, Flag Officer Commanding Eastern Fleet departed to Cambodia, as a part of the Indian Navy’s deployment to the Association of Southeast Asian Nations (ASEAN) countries?

(a) INS Ranvijay and INS Sahyadri

(b) INS Delhi and INS Satpura

(d) INS Shivalik and INS Talwar

(e) INS Trishul and INS Rana

Answers :

1) Answer: D

HDFC Asset Management Company (AMC) Limited, investment manager of HDFC mutual fund (HDFC MF) has announced the launch of India’s first mutual fund – HDFC Defence Fund focussed on defence sector.

The new fund offering (NFO) of HDFC Defence Fund, an open-ended equity scheme, would open on May 19, 2023 and close on June 2, 2023.

The new scheme follows a bottom-up approach of portfolio construction within the defence ecosystem.

2) Answer: C

The regulator for housing finance firms National Housing Bank (NHB) has asked housing finance companies with asset sizes of over Rs 1,000 crore to adopt an early warning signals (EWS) framework to check financial frauds and also to prevent accounts from turning into non-performing assets.

The analysis of the frauds reported by the housing finance companies (HFCs) has revealed that the reasons behind accounts being identified as fraud accounts are seller impersonation, submission of fake income/ employment documents, submission of fake title deeds, and collusion of the builder and borrower

It has also been observed that such deficiencies are identified only when the borrower stops paying the EMIs after the disbursement of the loans.

Through the Early Warning Signals (EWS) framework, HFCs will be encouraged to take into account fraud risks in their risk management practices.

The mechanism needs to be put in place by April 1, 2024.

The NHB has provided an indicative list of EWS for individual borrowers (retail).

The NHB has also suggested an indicative list of EWS for corporate and project loans.

3) Answer: C

The World Bank (WB) has approved a grant of ₹51-crore to set up an integrated road safety enforcement system in Shimla and Nurpur police districts of Himachal Pradesh (HP) and develop the Palampur-Sheela chowk in Kangra as a “safe corridor”.

4) Answer: B

Food aggregator platform Zomato has partnered with ICICI Bank to launch its own unified payments interface (UPI) offering called Zomato UPI, for some of its users.

Currently, Zomato UPI has been rolled out to select users only.

Further expansion of the service will hinge on the initial customer response

5) Answer: C

8th All India Pension Adalat inaugurated in Delhi.

Union Minister of State for Personnel, Public Grievances, Pensions, Dr. Jitendra Singh inaugurated it.

At 8th All India Pension Adalat, chronic cases were taken up and resolved.

Till date 7 All India Pension Adalats have been organised.

6) Answer: C

67th Foundation Day of Regional News Unit (RNU) of Akashvani Guwahati was celebrated in association with Oil India Limited.

Dr. Vasudha Gupta, Director General, Akashvani News attended the 67th Foundation Day celebration of the Regional News Unit of Akashvani Guwahati.

On the occasion of the 67th foundation day of RNU, Dr. Vasudha Gupta released the souvenir “Akashibarta”.

7) Answer: E

Under Chairman of the Khadi and Village Industries Commission (KVIC) Shri Manoj Kumar, Gram Vikas Yojana Distribution program has been organized in Nanpur village of Garh Mukteshwar tehsil, Hapur, Uttar Pradesh.

It was conducted by the KVIC’s Divisional office in Meerut.

In this event, 300 bee boxes and bee colonies were provided to 30 beekeepers under the Honey Mission.

8) Answer: B

The Union Cabinet has approved the second edition of the production-linked incentive (PLI 2.0) scheme for IT hardware with a ₹17,000-crore outlay.

This should be weighed in light of the previous PLI schemes’ outcomes, which did not fully deliver on their promises.

The government expects the scheme will result in additional production worth ₹3.35-lakh crore and investments of ₹2,430 crore during its duration.

9) Answer: D

The Union government has approved a subsidy of Rs 38,000 crore for phosphatic and potassic (P&K) fertilisers for the Kharif 2023 season (April-September) under the nutrient-based subsidy (NBS) mechanism.

The subsidy rates for the two fertilisers, which are mostly imported, have been fixed after taking into consideration the fall in international prices.

The subsidy on P&K for the current kharif season is much lower than about Rs 61,000 spent during last kharif season.

10) Answer: A

A 5,000-year-old ‘Great Grandfather’ tree is believed to be the oldest tree in the world.

A giant tree has lived for thousands of years in the forest in southern Chile and is in the process of being recognized as the oldest in the world.

The tree trunk, four meters (13 feet) in diameter and 28 meters tall, is also believed to contain scientific information that could shed light on how the planet has adapted to climate change.

It is on the verge of replacing Methuselah, a 4850-year-old Great Basin bristlecone pine found in California in the United States, as the oldest tree on the planet.

11) Answer: E

India and Bangladesh have jointly launched the ’50 Start-up Exchange Programme’ under which 50 Start-ups from India and 50 Start-ups from Bangladesh will exchange visits to each other’s countries.

These visits will be for exploring partnerships, expanding business relations, sharing experience and knowledge and expanding youth and entrepreneurial cooperation.

12) Answer: C

The first ministerial meeting of the India-EU Trade and Technology Council (TTC) will be held in Brussels, Belgium.

Union Minister for Commerce & Industry, Textiles, Consumer Affairs, Food & Public Distribution, Shri Piyush Goyal is one of the co-chairs along with External Affairs Minister (EAM) and Union Minister of State for Electronics and Information Technology (MeitY).

The EU side is co-chaired by Executive Vice Presidents Mr. Dombrovskis and Ms. Vestager.

13) Answer: D

Lao tourism authorities are preparing to host the annual ASEAN Tourism Forum in 2024, which will take place in the Lao capital Vientiane on Jan. 22-27, 2024

The theme of the forum will be “Quality and Responsible Tourism — Sustaining ASEAN Future”.

The forum will include a tourism exhibition and serves to spur tourism and further service improvement in associated businesses.

Previously, Laos hosted the ASEAN Tourism Forum in 2004 and 2013.

14) Answer: B

Tamil Nadu (TN) Chief Minister (CM) Muthuvel Karunanidhi Stalin inaugurated one of India’s biggest Skywalk bridges.

The 570-metre long and 4.2-meter wide skywalk bridge connects the Mambalam railway station and T Nagar bus terminus.

The skywalk, constructed at a cost of ₹28.45 crore, is the longest in TN.

As many as 20,000 pedestrians are expected to use the skywalk daily.

The skywalk has been built along Madley Road and Railway Market Road to ease congestion in stretches such as Ranganathan Street and Natesan Street in the commercial areas of T.Nagar.

It is expected to be used by around one lakh people on a daily basis.

15) Answer: A

Kalangummukal,became Kerala’s first fully insured ward as 1,382 residents in the 5 to 70 age group were eligible for insurance coverage against accidental death and disability.

Kalangummukal, Ward 32 of the Punalur municipality, is a nondescript rural part mostly populated by underprivileged families.

16) Answer: B

Madhya Pradesh (MP) capital Bhopal has become the first city in India to accept the localization of the United Nations (UN)-mandated Sustainable Development Goals (SDG).

Now, Bhopal will have voluntary local reviews (VLR) to demonstrate local government’s capacity and commitments.

Chief Minister Shri Shivraj Chouhan launched an Agenda for Action: Sustainable Urban Transformation in Bhopal, MP.

17) Answer: A

Congress has won the 2023 Karnataka Assembly elections with the largest vote share and seats after 34 years.

Congress won 135 seats out of a total 224 Assembly seats and secured 42.88% vote share.

The election is the biggest victory for “any party in Karnataka” since 1989 during Veerendra Patil’s rule, when the Congress won 178 seats with a vote share of 43.76%.

Bharatiya Janata Party (BJP) won 66 seats, JD(S) won 19 seats, while 4 seats were won by others.

In 2018, the BJP had won 104 seats with a vote share of 36.3%.

18) Answer: B

India rejected the United States State Department’s report on religious freedom, describing it as motivated and biased.

US State Department 2022 Report on International Religious Freedom remains based on misinformation and flawed understanding.

The report includes a chapter on India.

It was released on 15 May 2023.

19) Answer: B

Eminent educationist Manoj Soni took oath as the chairman of the Union Public Service Commission (UPSC).

The Oath was administered by Smt. Smita Nagaraj, senior most Member of the Commission.

20) Answer: B

As part of the Indian Navy’s deployment to Association of Southeast Asian Nations (ASEAN) countries, Indian Naval ships INS Delhi and INS Satpura under the command of Rear Admiral Gurcharan Singh, Flag Officer Commanding Eastern Fleet departed Sihanoukville, Cambodia.

The port call demonstrates India’s cordial ties with the Kingdom of Cambodia.

During the port call, personnel from both the navies will engage in a wide range of professional interactions, deck visits and sports exchanges, aimed at enhancing interoperability and mutual understanding.

The three-day port call showcased India’s cordial relations and rapidly growing cooperation with the Kingdom of Cambodia.

Training sessions on Humanitarian Assistance and Disaster Relief (HADR) and firefighting were also conducted.