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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2023 of 25th April 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) Which of the following company has been officially recognised as a non-banking financial company from the Reserve Bank of India?
(a) Global Payments
(b) First Data
(c) Jack Henry & Associates
(d) InPrime Finserv
(e) Finastra
2) The Reserve Bank of India (RBI) has given a relaxation of ______ for HDFC Bank to comply with the priority sector lending norms (PSL) following its merger with HDFC Ltd.
(a) 4years
(b) 3 years
(c) 2years
(d) 5years
(e) 6years
3) Which bank has secured 1st rank as per the report on Enhanced Access & Service Excellence (EASE) Reforms Index for Q3 FY 2022-23 published by Indian Banks’ Association (IBA)?
(a) Punjab National Bank
(b) State Bank of India
(c) UCO Bank
(d) Union Bank of India
(e) Bank of Baroda
4) Which bank has collaborated with Reserve Bank Innovation Hub (RBIH) to launch the “Digitalised Submission of Form 15G/15H” as one of the customer-friendly services adding to our pursuit of “Customer Delight”?
(a) Canara Bank
(b) State Bank of India
(c) Central Bank of India
(d) Bank of India
(e) Union Bank of India
5) Which company has partnered with M1xchange to offer a digital invoice discounting solution to farmers?
(a) MasterCard
(b) PayU
(c) VISA
(d) Paytm
(e) Mobikwik
6) Recently, ICICI Bank has introduced an EMI facility for UPI payments made by scanning QR code. What is the minimum amount for these UPI payments?
(a) Rs 5,000
(b) Rs 10,000
(c) Rs 15,000
(d) Rs 8,000
(e) Rs 20,000
7) The Prime Minister of India praised ________ a portal with over 1 Crore Pages of Historical Records of the National Archives.
(a) Research Gate
(b) Shodhganga
(c) Abhilekh Patal
(d) Vinayabavan
(e) None of the above
8) Recently, Which of the following company has developed a green hydrogen refuelling station in New Delhi?
(a) Jakson Green
(b) ReNew
(c) Vikram Solar
(d) Azure Power
(e) Indosolar
9) The Union Agriculture and Farmers Welfare Minister Narendra Singh Tomar has launched the SATHI Portal and Mobile App.What does ‘A’ denotes in ‘SATHI’?
(a) Agriculture
(b) Advertise
(c) Authentication
(d) Assurance
(e) Assignment
10) Recently, Which state government has passed a bill amending the Factories Act, 1948, that extends the daily working hours from 8 to 12 hours for factory workers?
(a) Telangana
(b) Andhra Pradesh
(c) Tamil Nadu
(d) Kerala
(e) Karnataka
11) Who has been appointed as the Deputy Prime Minister of the United Kingdom?
(a) Michael Gove
(b) Oliver Dowden
(c) Erika Raab
(d) Matt Hancock
(e) Dominic Raab
12) Recently, Justice Aparesh Kumar Singh has been sworn in as the _____ Chief Justice (CJ) of the Tripura High Court.
(a) 11th
(b) 6th
(c) 8th
(d) 12th
(e) 10th
13) Who became the first female officer in the Indian Air Force to be honoured with a gallantry award?
(a) Shivani Singh
(b) Gita Gopinath
(c) Deepika Mishra
(d) Anshula Kant
(e) Surekha Yadav
14) Which of the following company has signedan umbrella MoU with CSIR to pursue technological partnership in select domains across the Energy value chain?
(a) IOC
(b) GAIL
(c) HPCL
(d) ONGC
(e) Oil India
15) Mitsubishi Electric to set up a $222-million AC manufacturing plant in which of the following place?
(a) Indore, Madhya Pradesh
(b) Chennai, Tamil Nadu
(c) Bhubaneswar, Odisha
(d) Mumbai, Maharashtra
(e) Bengaluru, Karnataka
16) Consider the following statement regarding the World Bank’s Logistic Performance Index 2023. Which of the following statement is correct?
(i) According to the report, India’s rank in the index of 139 countries has risen to 38 from 44 in 2018.
(ii) Singapore and Finland are the most efficient and highest-ranked LPI countries.
(iii) India’s logistics sector is estimated to account for about 14.4% of the GDP. The unorganized sector amounts to over 90% of the logistics sector.
(a) Only (i)
(b) Both (i) and (ii)
(c) Only (ii)
(d) Both (ii) and (iii)
(e) All (i), (ii) and (iii)
17) Which company has emerged as the top company in the best places to work and grow careers, as per the report prepared by LinkedIn?
(a) MasterCard
(b) Amazon
(c) Tata Consultancy Services
(d) Morgan Stanley
(e) Wipro
18) Recently, the Ministry of Civil Aviation has launched___________ to further enhance the connectivity to remote and regional areas of the country and achieve last-mile connectivity.
(a) UDAN 4.0
(b) UDAN 5.0
(c) UDAN 3.0
(d) UDAN 6.0
(e) UDAN 2.0
19) Recently, Trilochan Kanungo has passed away at the age of 83 in Bhubaneswar, Odisha. He was a renowned ______________.
(a) Politician
(b) Painter
(c) Dancer
(d) Actor
(e) Journalist
20) World Malaria Day is observed on 25 April all over the world. What is the theme of the 2023 World Malaria Day?
(a) Invest in the future: defeat malaria
(b) Time to deliver zero malaria: invest, innovate, implement
(c) Malaria prevention: Let’s close the gap
(d) Harness innovation to reduce the malaria disease burden and save lives
(e) Ready to beat malaria
Answers :
1) Answer: D
InPrime Finserv, a financial services start-up catering to the informal economy, has obtained a Certificate of Registration (COR) from the Reserve Bank of India (RBI) to operate as a Non-Banking Financial Company (NBFC).
With this license, InPrime joins an exclusive group of startups that have received approval from the RBI to build a lending business.
The company plans to commence operations in Bangalore in the coming months and gradually expand its presence in Karnataka and Tamil Nadu, playing a significant role in promoting financial inclusion in India.
2) Answer: B
The Reserve Bank of India (RBI) has given a relaxation of 3 years for HDFC Bank to comply with the priority sector lending norms (PSL) following its merger with HDFC Ltd (HDFC).
However, RBI refused to make any exceptions on cash reserve ratio (CRR) and statutory liquidity ratio (SLR) requirements.
Under the PSL norms, commercial banks are required to devote over 40% of their overall advances to areas marked as priority sectors for the emancipation of certain marginalized sections of society, whereas a non-bank lender like HDFC does not have to comply with such mandates.
CRR is the percentage of deposits that a commercial bank like HDFC Bank has to park with the central bank for which it does not earn any interest, while SLR is a percentage of deposits that are mandated to be invested in government securities.
3) Answer: D
For the first time, Union Bank of India (UBI), secured 1st rank as per the report on Enhanced Access & Service Excellence (EASE) Reforms Index for Q3 FY 2022-23 published by Indian Banks’ Association (IBA).
Key Highlights :
EASE is an initiative by the DFS (GOI) as part of the PSB Reforms Agenda.
It is currently under its fifth iteration which focuses on Enhanced Digital experience, Data – driven, Integrated and Inclusive Banking.
The performance of PSBs is measured on five themes under EASE 5.0, in which, Union Bank of India has set the benchmark under the four themes i.e., “Digitally – enabled customer offerings”, ‘Big data and analytics’, ‘Modern Technology Capabilities’ and “Employee development and Governance” by securing 1st rank amongst PSBs.
4) Answer: A
Canara Bank, in collaboration with Reserve Bank Innovation Hub (RBIH), has launched the “Digitalised Submission of Form 15G/15H” as one of the customer-friendly services adding to our pursuit of “Customer Delight”.
Form 15G (Individual and HUF) and Form 15H (Individual-Senior Citizen) are self-declaration forms that an individual submits to the bank requesting not to deduct TDS on interest income as their income is below the basic exemption limit.
For this, providing Permanent Account Number (PAN) is compulsory.
RBIH (Reserve Bank Innovation Hub) identified the problem, consulted several Banks for potential solutions and then conceptualised and created a blueprint to address the above issue.
5) Answer: A
Mastercard announced its collaboration with M1xchange to offer a digital invoice discounting solution to farmers, farmer producer organizations (FPOs), and agri-Ministry of Micro, Small & Medium Enterprises (MSMEs) through Farm Pass, its cutting-edge agritech platform.
The solution is the first of its kind for the agriculture sector &will help lenders in underwriting credit offerings through the Trade Receivables Discounting System (TReDS).
Farm Pass is part of Mastercard’s broader Community Pass platform.
Key Highlights :
As part of the collaboration, M1xchange, an RBI-approved facilitator for discounting and sale of receivables to banks and non-banking financial companies (NBFCs), will bring on board its vast network of agri-businesses and lenders.
6) Answer: B
ICICI Bank has introduced equated monthly instalment (EMI) facility for Unified Payment Interface (UPI) payments made by scanning QR code.
This first-of-its-kind facility enhances affordability of lakhs of the bank’s customers as they can now instantly buy products or services just by scanning the required merchant QR code at a store and making payments in EMIs.
Key Highlights :
Customers eligible for PayLater, the bank’s ‘buy now, pay later’ service can avail of the EMI facility in a seamless manner.
The facility can be availed across a host of categories such as electronics, groceries, fashion apparels, travel and hotel bookings.
Customers can pay a transaction amount above Rs 10,000 in instalments in 3, 6 or 9 months.
7) Answer: C
The Prime Minister of India praised “Abhilekh Patal” a portal with over 1 Crore Pages of Historical Records of the National Archives.
Abhilekh Patal is a full-featured web portal to access the National Archives of India’s reference media and its digitized collections through the Internet.
Abhilekh is a Sanskrit term used in India for records since ancient times and Patalis a Sanskrit word meaning a board, platform, or surface.
A combination of both these words has been adopted as an acronym for Portal for Access to Archives and Learning.
It was established on 11 March 1891 at Calcutta (Kolkata) as the Imperial Record Department, it is the biggest archival repository in South Asia.
It is the repository of the non-current records of the Government of India and is holding them in trust for the use of record creators and general users.
It is Located at the heart of New Delhi.
8) Answer: A
Jakson Green announced that the company is developing a Green Hydrogen fuelling station at Badarpur, New Delhi for a major power company in India.
The fuelling station is expected to produce 260 kg of green hydrogen per day at a pressure of 350 bar that will be utilised to fuel up to five intercity FCEV (fuel cell electric vehicle) buses.
The project is expected to aid the recently launched National Hydrogen Mission & significantly contribute towards propelling India’s low carbon quotient/journey.
9) Answer: C
Union Agriculture and Farmers Welfare Minister Shri Narendra Singh Tomar launched the SATHI Portal and Mobile App.
The Seed Traceability, Authentication and Holistic Inventory (SATHI) portal is a Centralized Online System designed to deal with the challenges of seed production, quality seed identification and seed certification.
It has been developed by the National Informatics Centre (NIC) in collaboration with the Union Ministry of Agriculture and Farmers Welfare on the theme of ‘Uttam Beej – Samriddh Kisan.
There will be a QR code under this system, through which the seeds can be traced.
It will ensure a quality assurance system, and identify the source of seed in the seed production chain.
10) Answer: C
The Tamil Nadu (TN) Legislative Assembly, passed a bill amending the Factories Act, 1948, which extends the daily working hours from 8 to 12 hours for factory workers.
The Factories (Tamil Nadu Amendment) Bill, 2023 was tabled on April 12, 2023 & faced severe criticism from many quarters.
Workers can now choose to work for 12-hour daily shifts and they will be entitled to a four-day work week, with three days off.
‘The remaining three days will be paid leave and the existing rules on leave, overtime, pay etc. will not change.
By way of the amendment made to the Factories Act, 1948, section 65A is inserted into the Act, which enables the state government to exempt any factory or group of factories from sections 51 (weekly hours), 52 (weekly holidays), 54 (daily hours), 55 (intervals for rest), 56 (spread over), and 59 (prohibition of overlapping shifts) of the Factories Act.
11) Answer: B
The British government named Oliver Dowden as deputy prime minister (PM) replacing Dominic Raab who resigned earlier in the day following a report into claims he bullied colleagues.
Dominic Raab’s resignation marks the 3rd dramatic Cabinet departure from Rishi Sunak’s government even though Sunak has been PM for under 6 months.
In the same announcement, lawmaker Alex Chalk was appointed new justice minister, a position which was previously held by Dominic Raab.
12) Answer: C
Justice Aparesh Kumar Singh, Judge of the Jharkhand High Court (HC), was sworn in as the 8th Chief Justice (CJ) of the Tripura High Court.
Governor Shri Satyadeo Narain Arya administered the oath of office to Justice Singh at a function at the Raj Bhavan.
The Supreme Court collegium, headed by Chief Justice D.Y. Chandrachud recommended the name of Justice Singh for the post.
The Tripura HC was set up in March, 2013 along with the full-fledged High Courts in Meghalaya and Manipur.
All the northeastern states, excluding Sikkim, were earlier under the Gauhati High Court.
13) Answer: C
Wing Commander Deepika Mishra made history by becoming the first female officer in the Indian Air Force to be honoured with a gallantry award.
In 2022, Deepika was among the awardees announced for the Vayu Seva Medal for Gallantry on Independence Day.
On April 20, 2023, the medal has been conferred on Deepika by Indian Air Force Chief Air Chief Marshal VR Chaudhari at an investiture ceremony held in New Delhi.
About Deepika Mishra
In August 2021, Deepika Mishra was deployed to conduct humanitarian assistance and disaster relief operations in response to flash floods in northern Madhya Pradesh.
She was the first and only responder to reach the affected area and saved the lives of 47 people.
14) Answer: E
The Council of Scientific and Industrial Research (CSIR), New Delhi and Oil India Ltd. (OIL), a Navaratna NOC inked an umbrella Memorandum of Understanding (MoU) to pursue technological partnership in select domains across the Energy value chain.
This will be a collaborative arrangement between labs of CSIR and OIL.
The objective of the MoU is to facilitate collaboration for pursuing research in advanced technologies for energy security.
Oil India Limited is a central public sector undertaking under the ownership of the Ministry of Petroleum and Natural Gas, Government of India.
Headquarters: Noida, Dr. Ranjit Rath- Chairman & Managing Director.
15) Answer: B
Mitsubishi Electric India has signed an agreement with Mahindra Industrial Park Chennai Ltd, a joint venture between Mahindra World City Developers and Japan’s Sumitomo Corporation, to set up an air-conditioners and compressors manufacturing plant at Origins by Mahindra, Chennai.
The electric and electronic equipment manufacturing company will invest around $222 million (about ₹1,819 crore) in the facility spread over 52 acres.
According to a regulatory filing by Mahindra Lifespace Developers Ltd, the plant will be operational by October 2025.
Kazuhiko Tamura is a Managing Director of Mitsubishi Electric India Pvt Ltd.
16) Answer: E
India has improved its ranking in the World Bank’s Logistic Performance Index 2023 by six places, owing to significant investments in both soft and hard infrastructure as well as technology, which has led to an improvement in the country’s port performance.
Singapore and Finland are the most efficient and highest-ranked LPI countries.
India’s ranking: According to the report, India’s rank in the index of 139 countries has risen to 38 from 44 in 2018.
International shipments: In 2023, India’s ranking for international shipments improved significantly, moving up from 44 in 2018 to 22.
Logistics competence and equality: The country also climbed four places to rank 48 in logistics competence and equality.
Timeline: In terms of timelines, India saw a significant improvement, moving up 17 places in the rankings.
Tracking and tracing: Additionally, India improved three places in tracking and tracing, now ranking at 38.
The LPI 2023 allows for comparisons across 139 countries.
The 2023 LPI for the first time measures the speed of trade with indicators derived from big datasets tracking shipments.
India’s logistics sector is estimated to account for about 14.4% of the GDP. The unorganized sector amounts to over 90% of the logistics sector.
The GOI proclaimed PM Gati Shakti’s initiative, a National Master Plan for multi-modal connectivity, in October 2021, which will lessen the logistics cost and work as an economic booster by 2024-25.
The 7th edition of Connecting to Compete, the Logistics Performance Index (LPI) report, comes after three years amid the Covid-19 pandemic.
17) Answer: C
Tata Consultancy Services has emerged as the top company in a list, which showcases the best places to work and grow careers, for 2023.
TCS is followed by Amazon (2) and Morgan Stanley (3) in the ‘2023 Top Companies India’ list prepared by LinkedIn.
There has been a shift from tech companies, which dominated the list last year, with companies across financial services, oil and gas, professional services, manufacturing and gaming featuring in this year’s list.
A vast majority of the companies, that is 10 out of 25 comp anies are from the financial services/ banking/ fintech space, including companies such as Macquarie Group (5), HDFC Bank (11), Mastercard (12), and Yubi (14).
The 2023 Top Companies India list is based on LinkedIn’s data to rank companies on eight pillars that have been shown to lead to career progression, including ability to advance, skills growth, company stability, external opportunity, company affinity, gender diversity, educational background and employee presence in the country.
18) Answer: B
Following the four successful rounds of bidding, the Ministry of Civil Aviation has launched the 5th round of the Regional Connectivity Scheme (RCS) – Ude Desh Ka Aam Nagrik (UDAN) to further enhance the connectivity to remote and regional areas of the country and achieve last mile connectivity.
This round of UDAN focuses on Category-2 (20-80 seats) and Category-3 (>80 seats).
The earlier stage length cap of 600 km is waived off and there is no restriction on the distance between the origin and destination of the flight.
Viability gap funding (VGF) to be provided will be capped a t 600 km stage length for both Priority and Non-Priority areas which was earlier capped at 500 km.
No predetermined routes would be offered.
Only Network and Individual Route Proposal proposed by airlines will be considered.
The airlines would be required to submit an action/business plan after 2 months from the issuance of LoA wherein they submit their aircraft acquisition plan/availability of aircraft, crew, slots, etc. at the time of the Technical Proposal.
Exclusivity will be withdrawn if the average quarterly PLF is higher than 75% for four continuous quarters, to prevent exploitation of the monopoly on a route.
25% of the Performance Guarantee to be encashed for each month of delay up to 4 months, to further incentivize quick operationalization.
19) Answer: A
Veteran politician and former Jagatsinghpur Member of Parliament (MP) Trilochan Kanungo passed away at the age of 83 in Bhubaneswar, Odisha.
About Trilochan Kanungo :
Trilochan Kanungo was born on 24 November 1940 in Cuttack, Odisha.
He was elected to the Odisha Assembly in 1971, 1974 and 1985.
In 1999, he was elected from the Jagatsinghpur Lok Sabha seat on a BJD ticket.
He served as Chairman of Cuttack municipality (1979-80 and 1992-95).
He was also chairman of the second Odisha Finance Commission.
20) Answer: B
World Malaria Day is observed on April 25 all over the world.
World Malaria Day will reinforce the Global Fund Investment (GFI) using the theme advance quality, building resilience, and ending malaria.
That effort is echoed in this year’s theme: “Time to deliver zero malaria: invest, innovate, implement.”
World Malaria Day which was first held in 2008 developed from Africa Malaria Day an event that had been observed since 2001 by African governments.
The observance served as a time to assess progress towards goals aimed at controlling malaria and reducing its mortality in African countries.
In 2007 at the 60th session of the World Health Assembly by the World Health Organization it was proposed that Africa Malaria day be changed to World Malaria Day to recognize the existence of malaria in countries worldwide and to bring greater awareness to the global fight against the malaria disease