Daily Current Affairs Quiz – 24th March 2023

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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2023 of 24th March 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) The Reserve Bank of India (RBI) has approved for India and Tanzania to use their national currencies for bilateral trade settlement. What is the currency of Tanzania?

(a) Dinar

(b) Peso

(d) Shilling

(e) Riel

2) Recently in March 2023, Which company received approval from the capital markets regulator Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO)?

(a) Max Life Insurance

(b) IndiaFirst Life Insurance Company

(d) Edelweiss Tokio Life Insurance

(e) Bajaj Allianz Life Insurance

3) The Union Minister Ashwini Vaishnaw has released a unique cover of the Department of Posts, ‘Go Green, Go Organic’ for___________.

(a) Nagaland

(b) Meghalaya

(d) Sikkim

(e) Mizoram

4) Recently, Union Minister RK Singh launched the South Asia Distribution Utility Network (SADUN) to modernise the distribution of utilities in South Asia. SADUN is a joint initiative of ______________.

(a) USAID

(b) Ministry of Power

(d) All of the above

(e) Both B and C

5) Recently, How many private enterprises are authorised to offer e-invoice registration services to businesses by the GST Network?

(a) 8

(b) 6

(d) 4

(e) 10

6) Jindal Steel & Power has received BIS certification to manufacture India’s First Fire Resistant Steel Structures at its rail mill and special profile mill in____________.

(a) Surat, Gujarat

(b) Mumbai, Maharashtra

(d) Faridabad, Haryana

(e) Raigarh, Chhattisgarh

7) The Government of India has notified that Sovereign Gold Bonds 2022-23 (Series IV) will be opened for subscription.The issue price of the Bond during the subscription period shall be __________ per gram.

(a) ₹6,611

(b) ₹5,466

(d) ₹4,496

(e) ₹5,611

8) Which organisation has approved USD 3 billion in financial assistance for debt-ridden Sri Lanka?

(a) AIIB

(b) NABARD

(d) World Bank

(e) IMF

9) The Government of Tamil Nadu has notified Thanthai Periyar Wildlife Sanctuary in Erode district as the ____ wildlife sanctuary in the state.

(a) 21^st

(b) 15^th

(d) 23^rd

(e) 17^th

10) Recently, Which of the following state government has named Gandhamardan Hill a biodiversity heritage site?

(a) Rajasthan

(b) Karnataka

(d) Nagaland

(e) Manipur

11) Indian Navy’s second anti-submarine warfare Shallow Water Craft (ASW SWC) warship named Indian Naval Ship (INS) Androth has been launched in____________.

(a) Chennai, Tamil Nadu

(b) Chanduli, Uttar Pradesh

(d) Kolkata, West Bengal

(e) Pune, Maharashtra

12) Where was the 2^nd edition of the Africa-India Field Training Exercise (AFINDEX), mega military exercise between India & 23 African nations held?

(a) Pune, Maharashtra

(b) Mumbai, Maharashtra

(d) Noida, Uttar Pradesh

(e) Jamnagar, Gujarat

13) The government plans to sell up to ________ of its stake in aerospace and defence company Hindustan Aeronautics Limited (HAL) through an offer for sale (OFS).

(a) 3.5%

(b) 2.5%

(d) 3.9%

(e) 4.5%

14) Architect and urban planner Sir David Chipperfield have won the 2023 Pritzker Architecture Prize. He belongs to which country?

(a) USA

(b) UK

(d) Canada

(e) France

15) Consider the following statement regarding Music Academy Award 2023. Which of the following statement is incorrect?

(a) Renowned Carnatic vocalist and Padma Shri awardee Bombay Jayashri has been selected for the Sangita Kalanidhi award for 2023 by the Music Academy.

(b) The Nritiya Kalanidhi award for dance will be conferred on Palkulangara Ambika Devi.

(d) Sargunanatha Odhuvar, an Odhuvar at Chennai’s Kapaleeswarar temple since 1998, will be the other recipient of the TTK Award.

(e) Dr Arimalam S Padmanabhan, a researcher for over 20 years in the field of Classical music, dance, theatre, folk arts and classical Tamil literature, will be conferred with Musicologist Award.

16) As per the recent report, The Union Home Ministry has cleared a proposal for signing an MoU between India and __________ drug control agencies.

(a) Norway

(b) Guinea

(d) Nigeria

(e) Argentina

17) Which company has signed an MoU with Shell India on liquefied natural gas (LNG) for road transport, regasification of imported LNG and renewables?

(a) Bharat Petroleum Corporation Limited

(b) Oil and Natural Gas Corporation

(d) Reliance Petroleum

(e) GAIL India Limited

18) Who has been appointed as the Managing Director (MD) and Chief Executive Officer (CEO) (Additional charge) of Invest India?

(a) Aditya Raj

(b) Vishal Kapoor

(d) Shivani Mehta

(e) Manmeet K Nanda

19) Air Force Veteran Wing Commander Jag Mohan Nath has passed away. How many times has he been awarded with the Maha Vir Chakra (the second-highest military decoration in India)?

(a) 3

(b) 2

(d) 4

(e) 5

20) Every year, World Tuberculosis Day has been observed on which of the following day?

(a) 23 March

(b) 25 March

(d) 22 March

(e) 21 March

Answers :

1) Answer: D

The Reserve Bank of India (RBI) has approved for India and Tanzania to use their national currencies Ie, Indian Rupee (INR) & Tanzanian Shilling (Tsh) for bilateral trade settlement.

Under this mechanism, authorised banks in India will open Special Rupee Vostro Accounts (SRVAs) of correspondent banks of Tanzania.

Significance :

The use of national currencies in bilateral trade settlements is expected to reduce the cost of transactions and enhance the efficiency of cross-border trade.

This will lead to increased trade volumes and greater economic cooperation between India and Tanzania.

2) Answer: B

IndiaFirst Life Insurance Company (IndiaFirst Life) has received approval from the capital markets regulator Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO).

The company filed preliminary IPO papers with SEBI on 21 October,2022.

The IPO will comprise a fresh issue of equity shares worth Rs 500 crore and an offer-for-sale (OFS) up to 14.1 crore equity shares from promoters and stakeholders.

Bank of Baroda (BoB), the country’s third largest PSU bank holds a 65% stake in the firm followed by Warburg Pincus affiliate Carmel Point Investments India which holds 26% and Union Bank of India which holds a 9% stake.

3) Answer: D

Union Minister Ashwini Vaishnaw and four Sikkim ministers released a unique cover of the Department of Posts, ‘Go Green, Go Organic’ for Sikkim.

The special cover is a testament to the state’s achievements in organic farming and progress and a reminder of the importance of sustainable development for the entire country.

The union minister thanked Department of Posts for this release and congratulated Sikkim State for its achievements of becoming the first state of the world to get recognized as an Organic state by the World Book of Records (London).

Meanwhile, the state has also won the prestigious Future Policy Gold Award from the UN Food and Agriculture.

Sikkim has the title of the ‘first 100% organic state’ in the world.

4) Answer: D

RK Singh, the minister of power and new and renewable energy, has launched the South Asia Distribution Utility Network (SADUN), which aims to modernise the distribution of utilities in South Asia via knowledge sharing among the region’s discoms.

SADUN is a joint initiative of the Ministry of Power, USAID and Power Finance Corporation.

Singh said that all the member nations would benefit from the synergy, exchange of experiences and the sharing of vision enabled by the network.

USAID conceptualised SADUN in January 2020 based on a consensus among the participants over a need for an initiative which focused on a distribution network in the region.

5) Answer: D

GST Network has empanelled four private companies, including EY and IRIS Business, for providing e-invoice registration services to businesses.

Businesses with turnover of Rs 10 crore and above must generate electronic or e-invoice for all B2B transactions.

So far, taxpayers under the Goods and Services Tax (GST) regime could use only the government portal NIC to register their e-invoices.

“Four private companies viz. ClearTax, Cygnet, E&Y and IRIS Business Ltd were empanelled by GSTN for providing these e-invoice registration services to all GST taxpayers of the country,” GSTN said in an advisory to taxpayers.

6) Answer: E

Jindal Steel & Power has received BIS certification to manufacture India’s First Fire Resistant Steel Structures at its rail mill and special profile mill in Raigarh, Chhattisgarh.

The Hot Rolled Structural Steel, manufactured to IS 15103 standards, will be able to withstand temperatures up to 600 degrees Celsius for a maximum duration of three hours, and it can be used in high-temperature or fire-prone areas.

Fire protection has been a challenge in the design of steel structures.

The availability of Fire Resistant Steel will result in the more efficient design of structures.

The new BIS 15103 grade will be used to manufacture steel structures for infrastructure projects such as industrial structures, refineries, bridges, metro projects, hospitals, and commercial and residential buildings, besides steel and power plants.

7) Answer: E

In terms of the Government of India Notification Sovereign Gold Bonds 2022-23 (Series IV) will be opened for subscription during the period March 06-10, 2023 with a Settlement date March 14, 2023.

The issue price of the Bond during the subscription period shall be ₹5,611 (Rupees Five Thousand Six Hundred Eleven only) per gram.

The government of India in consultation with the Reserve Bank of India has decided to allow discount of ₹50 (Rupees Fifty only) per gram from the issue price to those investors who apply online and the payment is made through digital mode.

8) Answer: E

The International Monetary Fund (IMF) has approved a $3 billion bailout programme that will be available over 4 years, to help debt-ridden Sri Lanka overcome its economic crisis and catalyse financial support from other development partners.

The Executive Board’s decision will enable an immediate disbursement equivalent to Special Drawing Rights (SDR) of 254 million (about $ 333 million) and catalyse financial support from other development partners.

This is Sri Lanka’s 17th credit programme with the IMF.

Sri Lanka is going through its worst-ever economic crisis since its independence in 1948.

India had provided assistance of 4 billion dollars to Sri Lanka.

9) Answer: C

The Government of Tamil Nadu (TN) will notify Thanthai Periyar Wildlife Sanctuary, spread over 80,567 hectares in the forest areas of Anthiyur and Gobichettipalayam taluks in Erode district, as the 18th wildlife sanctuary in TN.

It will include 4 reserve forest areas in Anthiyur, Bargur, Thattakarai and Chennampatti.

About the Sanctuary :

The sanctuary is located on the western side of the Sathyamangalam Tiger Reserve.

It is located on the northern side of Kollegal forest division.

It lies on the eastern side of Cauvery Wildlife Sanctuary in Karnataka.

It is adjacent to Cauvery North and South Wildlife Sanctuaries in Dharmapuri and Krishnagiri.

10) Answer: C

The Odisha government has declared the Gandhamardan hill (Gandhamardan Reserve Forest), spanning 18,963.898 hectare over 6,532.098 ha (Balangir) and 12,431.8 ha Bargarh districts, as the 3rd biodiversity heritage site (BHS) of Odisha by giving it the status of a unique, ecologically fragile ecosystem having rich biodiversity.

A notification issued by the state forest and environment department stated the status was accorded as per section 37 of the Biodiversity Act and Rule 20(2) of the Odisha Biodiversity Rules, 2012.

The Mandasaru gorge in Kandhamal district was notified as the first such site in Odisha in 2019, followed by Mahendragiri hills in Gajapati district in 2022.

11) Answer: D

Indian Navy’s second anti-submarine warfare Shallow Water Craft (ASW SWC) warship named Indian Naval Ship (INS) Androth has been launched in Kolkata, West Bengal.

Vice admiral Dinesh K Tripathi, commanding-in-chief, of Western Naval Command was the chief guest at the occasion.

Former Indian cricketer Arun Lal was the guest of honour at the ceremony.

About INS Androth :

INS Androth was built by Garden Reach Shipbuilders & Engineers (GRSE), Kolkata, West Bengal for the Indian Navy.

The ship has been named Androth to signify the strategic maritime importance accorded to the island of Androth, located about 170 Nm north-west of Kochi, in the Union Territory of Lakshadweep.

It is about 77.6 metres long and 10.5 metres wide and requires a draught of only 2.7 metres.

The ASW SWC ships will have over 80% indigenous content and have a displacement of 900 tons with a maximum speed of 25 knots.

12) Answer: A

The Second (2nd) edition of the Africa-India Field Training Exercise (AFINDEX), a nine-day mega military exercise between India & 23 African nations began in Pune, Maharashtra, India.

The theme of the exercise is “humanitarian mine action and peacekeeping operations,”.

Participating Countries

Botswana, Cameroon, Egypt, Equatorial Guinea, Eswatini, Ethiopia, Ghana, Kenya, Lesotho, Malawi, Morocco, Niger, Nigeria, Republic of Congo, Rwanda, Seychelles, Senegal, Sudan, South Africa, Tanzania, Uganda, Zambia and Zimbabwe. To expand the participant’s overall military cooperation

Key Highlights :

The Joint exercise was commenced in 2008 through the India- Africa Summit and after that held in 2015 and 2019.

The exercise has been hosted by the Indian Army in keeping with India’s outreach to Africa.

13) Answer: A

The government plans to sell up to 3.5% of its stake in aerospace and defence company Hindustan Aeronautics Limited (HAL) through an offer for sale (OFS).

The stake sale, valued at Rs 2,867 crore, will help the government achieve the minimum public shareholding of the company in compliance with the Securities and Exchange Board of India’s (SEBI) listing obligations.

The offer will open on March 23, 2023 & will continue till March 24th, 2023.

The 3.5% stake sale comprised 1.75% as the base offer and 1.75% as an additional option.

The face value of equity shares is ₹10 each of the company.

14) Answer: B

British architect and urban planner Sir David Chipperfield have won the 2023 Pritzker Architecture Prize.

The Pritzker Architecture Prize is the highest international honour for architects.

The prize was designed to honour architects for their complete body of built work.

The Prize was founded in 1979 by Jay A. Pritzker and is funded by the Pritzker family and sponsored by the Hyatt Foundation.

Sir David Chipperfield was involved in famous projects like the 2012 Architecture Venice Biennale,The Neues Museum in Berlin and Procuratie Vecchie in Venice’s iconic St Mark’s Square.

15) Answer: B

Renowned Carnatic vocalist and Padma Shri awardee Bombay Jayashri has been selected for the Sangita Kalanidhi award for 2023 by the Music Academy.

She is known for her melodic and meditative style of singing.

She has also been training underprivileged children in music and contributing through her art to social causes.

The Nritiya Kalanidhi award for dance will be conferred on Vasanthalakshmi Narasimhachari.

Narasimhachari is an exquisite dancer and acharya par excellence of both Bharatanatyam and Kuchipudi .

The Sangita Kala Acharya award goes to Carnatic vocalist Palkulangara Ambika Devi from Kerala and mridhangam player KS Kalidas, a senior disciple of mridangam maestro Palani M Subramania Pillai.

Noted that thavil player Thirunageswaram TR Subramaniam has been chosen for the TTK award.

Sargunanatha Odhuvar, an Odhuvar at Chennai’s Kapaleeswarar temple since 1998, will be the other recipient of the TTK Award.

Dr Arimalam S Padmanabhan, a researcher for over 20 years in the field of Classical music, dance, theatre, folk arts and classical Tamil literature, will be conferred with Musicologist Award.

The Sangita Kalanidhi award nominee would preside over the academic sessions of the 97th annual conference and concerts of the Music Academy between December 15, 2023, and January 1, 2024.

The awards will be presented to the nominees on January 1, 2024.

The Nritya Kalanidhi recipient will receive the award at the inauguration of the 17th annual dance festival on January 3.

16) Answer: D

The Union home ministry has cleared a proposal for the signing of the memorandum of understanding (MoU) between India’s Narcotics Control Bureau (NCB) and Nigeria’s National Drug Law Enforcement Agency on the prevention of illicit trafficking in narcotic drugs, psychotropic substances and precursor chemicals.

The move comes after a meeting between the heads of the NCB and NDLEA following the ‘No Money for Terror Conference’ in Delhi in November last year.

In 2021, 798 Nigerian nationals were arrested across India for their alleged involvement in drug trafficking, cheating, forgery and foreigners Act, among other crimes.

The highest number of cases (245) pertained to drug trafficking, according to the National Crime Records Bureau.

17) Answer: E

GAIL has signed a memorandum of understanding (MoU) with Shell India on liquefied natural gas (LNG) for road transport, regasification of imported LNG and renewables, among others.

The MoU is to explore opportunities in different facets of the energy value chain.

The MoU envisages to explore prospects in the import and handling of different hydrocarbons which are important chemical and petrochemical precursors, LNG for road transport, regasification of imported LNG, renewables, etc.

18) Answer: E

In the 32nd Board Meeting of Invest India the Board appointed Ms. Manmeet K Nanda, an Indian Administrative Service (IAS) officer of the West Bengal Cadre, as the Managing Director (MD)& Chief Executive Officer (CEO) (Additional charge) of Invest India until a full time regular appointment.

Ms. Nanda takes over after the resignation of Mr. Deepak Bagla.

She is joint secretary in the Department for Promotion of Industry and Internal Trade (DPIIT).

The Board of Invest India is Chaired by Mr. Anurag Jain, Secretary, DPIIT, Government of India.

About:

Invest India was formed in 2009 as a non-profit venture under the Department of Industrial Policy and Promotion, Ministry of Commerce and Industry.

It is the National Investment Promotion and Facilitation Agency of India.

19) Answer: B

Wing Commander Jag Mohan Nath (retd), the Indian Air Force veteran who flew numerous reconnaissance sorties over Tibet and Pakistan in his Canberra aircraft in the 1962 and 1965 wars, passed away in Mumbai, Maharashtra.

About Jag Mohan Nath :

Jag Mohan Nath was born in Jaipur, Rajasthan.

He was fondly called “Jaggi” by his colleagues and friends.

He was part of the No. 106 Strategic Recce Squadron, whose primary aim was to provide aerial photography and surveillance.

Wing Commander Nath retired in 1970 and later joined Air India as a commercial pilot.

Awards & Honors :

He was first awarded the Maha Vir Chakra (MVC) for his role in reconnaissance missions in Aksai Chin and Tibet, before and during the 1962 war.

He received his 2nd MVC in September 1965, for his participation in the Indo-Pak war.

About Maha Vir Chakra :

The Maha Vir Chakra is the second highest military decoration in India, after the Param Vir Chakra, and is awarded for acts of gallantry.

If someone receives a Maha Vir Chakra award twice, it is recorded by a Bar that is attached to the riband by which the chakra is suspended.

20) Answer: C

World Tuberculosis Day, observed on 24 March each year all over the world is designed to build public awareness about the global epidemic of tuberculosis and efforts to eliminate the disease.

The World TB Day 2023 theme is ‘Yes! We can end TB!’ This theme emphasises on encouraging high-level leadership, faster uptake of new WHO recommendations, increased investments and adoption of innovations to combat the Tuberculosis epidemic.

On March 24, 1882, Dr. Robert Koch announced the discovery of Mycobacterium tuberculosis, the bacteria that causes tuberculosis (TB).

During this time, TB killed one out of every seven people living in the United States and Europe.

Dr. Koch’s discovery was the most important step taken toward the control and elimination of this deadly disease.

A century later, March 24 was designated World TB Day: a day to educate the public about the impact of TB around the world.

2 years ago

Daily Current Affairs Quiz – 24th March 2023

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