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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2023 of 25th January 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) Due to compliance delays Reserve Bank of India extends time for Bank Locker Renewal Agreements till _______________
(a) March 31, 2023
(b) April 30, 2023
(c) October 31, 2023
(d) November 30, 2023
(e) December 31, 2023
2) Which among the following High Court has declared the Reserve Bank of India (RBI) order to write off ₹8,300 crores of Additional Tier-1 (AT1) bonds of YES Bank to ineligible investors?
(a)Allahabad High Court
(b) Andhra Pradesh High Court
(c) Bombay High Court
(d) Calcutta High Court
(e) Delhi High Court
3) As per recent report, the Government of India made it mandatory for social media influencers to disclose their interest?
(a) Property
(b) Share Market
(c) Material
(d) Bonds
(e) Cash
4) Under which of the following Ministry Export obligation relaxed for hotel, health, education sectors under Export Promotion Capital Goods (EPCG) scheme?
(a)Ministry of Housing and Urban Affairs
(b)Ministry of Commerce and Industry
(c) Ministry of Consumer Affairs
(d) Ministry of Finance
(e) Ministry of Micro, Small and Medium Enterprises
5) First Business 20 (B20) meet to focus on climate action & resilient global value chains held in which among the following state?
(a)Gandhinagar, Gujarat
(b) Bangalore, Karnataka
(c) Thiruvananthapuram, Kerala
(d) Mumbai, Maharashtra
(e) Bhubaneshwar, Odisha
6) As per the recent report World Economic Forum (WEF) signs pact with which among the following Country for Ocean conservation?
(a)India
(b) Japan
(c) Monaco
(d)Malaysia
(e) Indonesia
7) As per news, Charaideo Maidam of which state has been nominated for the UNESCO world heritage tag?
(a)Arunachal Pradesh
(b)Assam
(c) Bihar
(d) Chhattisgarh
(e) Goa
8) Which among the following Mobile Manufacturing company targets raising India’s production share to up to 25%?
(a) Apple
(b) Samsung
(c) Oppo
(d) Vivo
(e) Redmi
9) Investment in capital markets via P-notes drops to Rs 96,292 cr in December 2022. What does P stand for in P-Notes?
(a) Property
(b) Probationary
(c) Physical
(d) Participatory
(e) Penny
10) Which among the following company has recently appointed Mr. P. Ganesh as their chief financial officer (CFO)?
(a) Myntra
(b) AJIO
(c) Nykaa
(d)Meesho
(e)Purple
11) Which among the following Public Sector Bank has recently sold its entire 40% stake in CIBL to SBI for Rs. 114 crores?
(a)State Bank of India
(b) Punjab National Bank
(c) Bank of Baroda
(d) Canara Bank
(e) Union Bank of India
12) National Asset Reconstruction Company Ltd (NARCL) acquires its first stressed account from Jaypee Infratech which was led by which bank?
(a)DCB Bank
(b) IDBI Bank
(c) YES Bank
(d) J&K Bank
(e) IDFC FIRST Bank
13) Indian Navy conducts 6-day Mega exercise AMPHEX 2023 in which among the following state?
(a)Andhra Pradesh
(b) Arunachal Pradesh
(c) Assam
(d) Tripura
(e) Meghalaya
14) Woman naval air operations Lt Commander _______________ to lead Navy’s Republic Day contingent
(a)Megna Prasad
(b) Bhavna Mahesh
(c)Sindhuja Arumb
(d)Disha Amrith
(e) Karishma Kishani
15) As per the recent report President Droupadi Murmu conferred the Pradhan Mantri Rashtriya Bal Puraskar (PMRBP) 2023 to ______________ children
(a) 05 children
(b) 08 children
(c) 10 children
(d) 11 children
(e) 15 children
16) As per the Brand Guardianship Index 2023, Billionaire Mukesh Ambani becomes first among Indians and ranked __________ globally
(a) 1st
(b) 2nd
(c) 3rd
(d) 4th
(e) 5th
17) Who among the following led Oversight Committee to run the Wrestling Federation of India (WFI)?
(a)Mary Kom
(b)Nikhat Zareen
(c) PV Sindhu
(d) Saina Nehwal
(e)P. T. Usha
18) National Tourism Day is observed on which among the following day in January?
(a) 21stJanuary
(b) 22ndJanuary
(c) 23rdJanuary
(d) 24thJanuary
(e) 25thJanuary
19) National Voters Day is observed on 25th January every Year. It was first observed on which among the following Year?
(a) 2010
(b) 2011
(c) 2012
(d) 2013
(e) 2014
20) Ezra cup is related to which of the following sports?
(a)Polo
(b) Tennis
(c) Football
(d) Hockey
(e) None of these
Answers :
1) Answer: E
The Reserve Bank of India (RBI ) extended the time for banks to renew their customer agreements for locker facilities to December 31, 2023, due to compliance delays.
The previous deadline was January 1, 2023, communicated through a circular on August 18, 2021.
Key Highlights:
The deadline has been extended to December 31, 2023, for renewals in a phased manner, with 50% completed by June 30, 2023, and 75% by September 30, 2023.
To facilitate the execution of the revised agreements, the banks have been advised to make arrangements, like ensuring the availability of stamp papers, etc.
Also, there is a need for revision in the Model Agreement drafted by the Indian Banks’ Association (IBA) to fully comply with the revised instructions.
In addition to that, IBA is being advised separately to review and revise the Model Agreement to ensure that it complies with the requirements of the circular dated August 18, 2021, and circulate a revised version to all banks by February 28, 2023.
2) Answer: C
The Bombay High Court has declared the Reserve Bank of India (RBI) order to write off ₹8,300 crores of Additional Tier-1 (AT1) bonds of YES Bank to ineligible investors.
The order was passed by Justice SV Gangapurwala and justice SM Modakin a batch of petitions.
The Bombay HC has given YES Bank 6 weeks for the implementation of this order.
Key Highlights:
Bondholders, including financial institutions like 63 moons technologies ltd and Axis Trustee Services Ltd, Yes Bank AT-1 Bond Holders Association, and a few retail individual investors, have filed these petitions.
Under the plan to revive YES Bank, a State Bank of India (SBI) led a consortium of 10 institutional investors has invested ₹10,000 crores in YES Bank.
RBI had suggested writing off the bonds citing Basel-III norms.
The Basel-III norms say that AT1 bonds have no guarantee.
Banks issue AT-1 bonds to support their minimum capital requirements to fulfill Basel-III norms.
3) Answer: C
The government made it mandatory for social media influencers to disclose their ‘material’ interest in endorsing products and services and violations can attract strict legal action, including a ban on endorsements.
The regulations are part of continuing efforts to curb misleading advertisements as well as protect the interests of consumers amid the expanding social influencer market which is projected to be worth around Rs 2,800 crore by 2025.
The new guidelines named ‘Endorsement Know Hows — for celebrities, influencers and virtual media influencers (Avatar or computer generated character) on social media platforms’ has been issued by the Department of Consumers Affairs.
In case of violation, the penalty prescribed for misleading advertisements under the Consumer Protection Act 2019 will be applicable.
The Central Consumer Protection Authority (CCPA) can impose a penalty of up to Rs 10 lakh on manufacturers, advertisers, and endorsers.
For subsequent offenses, a penalty of up to Rs 50 lakh can be imposed.
4) Answer: B
The commerce ministry eased norms to offer a conditional one-time
Traders from three sectors — hotels, healthcare, and education — are not required to maintain average export obligations for FY21 and FY22 under the Export Promotion Capital Goods (EPCG) scheme.
They will also have the option to extend the export obligation for a longer period without paying any fees.
Under the EPCG scheme, traders are allowed to import capital goods at zero duty if they take on the export obligation.
Already, the DGFT has decided to slash the composition fees for the extension of re-export permits under the advance authorization scheme (AAS).
For instance, the composition fees in most cases used to be as much as 0.5% of the freight-on-board value of the unfulfilled export obligation per month.
However, under the new regime, the fees could be fixed at flat rates of `10,000-30,000, depending on the value of the unfulfilled export commitment.
Under the AAS, exporters get to import inputs at zero duty after undertaking the obligation to re-export finished products within a stipulated period.
5) Answer: A
The first meeting (Three-day meeting) of Business 20 (B20)- G20’s business group, was organized in Gujarat’s Gandhinagar city.
The meeting will focus on key issues from climate action, innovation, global digital cooperation, and building resilient global value chains to promoting financial inclusion and raising a digitally inclusive society.
The B20 India 2023 dialogue will take place under the theme of ‘RAISE’, an acronym for Responsible, Accelerated, Innovative, Sustainable, and Equitable Businesses
Attendees:
Senior representatives and Chief Executive Officers (CEOs) from companies including Tata Sons, MasterCard, Bajaj Finserv, Citigroup, Volkswagen, TVS, Amazon Web, HCL, and ITC will attend the B20 India Inception meeting.
Union Commerce Minister Shri Piyush Goyal, Railway Minister ShriAshwiniVaishnaw, Gujarat Chief Minister Shri Bhupendra Patel, and India’s G20 Sherpa Mr. Amitabh Kant will take part.
6) Answer: E
The World Economic Forum (WEF) signed a new partnership with the Indonesian government to support its ambitions to scale blue carbon restoration and ocean conservation efforts at the Annual Meeting 2023.
The partnership is the first of a series being initiated by the Forum’s Ocean Action Agenda to help meet the rapidly increasing demand for high-quality blue carbon credits and projects around the world and connect global blue carbon actors from various sectors.
Key Highlights:
Blue carbon – the carbon captured and sequestered by ocean ecosystems, stores up to 5 times more carbon per acre than tropical rainforests.
Indonesia, the largest archipelago nation in the world, is a leader in blue carbon and the sustainable ocean economy and is home to the largest blue carbon resources in the world.
In November 2022, the WEF announced the launch of Ocean 20 (O20) with the Indonesian government, which was then holding the Presidency of the G20, to fast-track sustainable blue economies in the region.
7) Answer: B
Assam Chief Minister Shri Himanta Biswa Sarma announced that the Centre has nominated the Charaideo Maidam, the burial ground of the Ahom Dynasty (1228-1826) in Assam for the coveted UNESCO World Heritage Site (cultural site) for the year 2023-2024.
Charaideo commonly known as ‘Pyramids of Assam’ was the original capital of the Ahom Kings.
The ‘Pyramids of Assam’ has been selected by Prime Minister Shri Narendra Modi out of 52 heritage sites across the country seeking the coveted tag.
The ‘Maidams’ or the mound burial system of the Ahom dynasty in Charaideo was first listed in the tentative list of UNESCO’s World Heritage site in April 2014.
About CharaideoMaidam:
Charaideo (Literally: the shining city on the hills in the Ahom language) is a town in Charaideo district, Assam, India.
It was built by ChaolungSukhapa the founder of the dynasty in about 1229 CE.
These sites have been designated as having “outstanding universal value” under the Convention Concerning the Protection of the World Cultural and Natural Heritage 1972.
Some 42 tombs (Maidams) of Ahom kings and queens are present at Charaideo hillocks.
8) Answer: A
Apple Inc (AAPL.O) wants India to account for up to 25% of its production from about 5%-7% now, the trade minister told a conference, as the iPhone maker continues to move its manufacturing away from China.
They are already at about 5-7% of their manufacturing in India.
Also, they are targeting to go up to 25% of their manufacturing.
They launched the most recent models from India, manufactured in India.
Cupertino, California-based Apple has bet big on India since it began iPhone assembly in the country in 2017 via Wistron (3231.TW) and later with Foxconn (2317.TW), in line with the Indian government’s push for local manufacturing.
Apple’s exports from India hit $1 billion in December
J.P.Morgan analysts estimated last year that a quarter of all Apple products would be made outside China by 2025, from 5% currently.
9) Answer: D
Investment in the Indian capital markets through participatory notes slightly dropped to Rs 96,292 crore at the end of December 2022 from the preceding month on the higher valuation of domestic markets.
Before the decline, investment through the route had been on an increasing trend since July because of a slump in prices of oil and other commodities and the relative outperformance of Indian equity markets.
Participatory notes (P-notes) are issued by registered Foreign Portfolio Investors (FPIs) to overseas investors who wish to be part of the Indian stock market without registering themselves directly.
They, however, need to go through a due diligence process.
According to Sebi data, the value of P-note investments in Indian markets — equity, debt, and hybrid securities — stood at Rs 96,292 crore at December-end, as compared to Rs 99,315 crore at the end of November.
10) Answer: C
Nykaa’s parent firm, FSN E-Commerce Ventures Ltd., has appointed Mr. P Ganesh as the chief financial officer (CFO) from Feb. 3, 2023.
Roles & Responsibilities:
To strengthen and boost the company’s financial operations and key long-term business strategies.
Mr. Ganesh is a successor of Mr. Arvind Agarwal who resigned from his post of CFO at Nykaa in November 2022.
About P Ganesh:
Mr. Ganesh is a qualified Chartered Accountant, and Cost and Management Accountant.
Currently, he is the CFO at Tractors and Farm Equipment Ltd. or TAFE.
TAFR Group, is a leading manufacturer and marketer of tractors in India, with iconic brands like Massey Ferguson and Eicher.
11) Answer: D
Canara Bank sold its entire 40% stake in Russian joint venture (JV) Commercial Indo Bank LLC (CIBL), Moscow to the other venture partner State Bank of India (SBI) for about Rs 114 crore (USD 14.67 million).
The transaction is expected to be completed on or before March 31, 2023.
Based on the share sale agreement and with the consent of the Central Bank of Russia, entire shares held by Canara Bank have been transferred to SBI on November 30, 2022.
About CIBL:
CIBL, incorporated in 2003, is a joint venture in Russia between SBI (60%) and Canara Bank (40%).
12) Answer: B
The National Asset Reconstruction Company Ltd (NARCL) also known as India’s bad bank/Asset Reconstruction Company (ARC) has acquired its first stressed asset Jaypee Infratech from IDBI Bank-led lenders.
It acquired its exposure aggregating about ₹9,234 crores at a 55% haircut.
Key Highlights:
IDBI Bank, the lead bank to the consortium of lenders with an exposure of ₹3,750 crores, received₹253 crores (15% of the ₹1,687.50-crore recovery in cash) and ₹1,434.5 crore (85%of the recovery) in the form of security receipts.
The other lenders will receive cash and security receipts depending on their exposure to the company.
IDBI Bank expects gross non-performing assets (GNPAs), which as of December-end 2022 were at 13.82%, to come down to 2.2 percentage points following the transfer of this account to NARCL.
Jaypee Infratech was part of the 12 bad loan accounts referred to the National Company Law Tribunal in June 2017 under orders of the Reserve Bank of India (RBI)
13) Answer: A
The Indian Navy conducted a six-day-long mega military exercise – AMPHEX 2023 along with the Indian Army and Indian Air Force (IAF) near Kakinada in Andhra Pradesh (AP).
It was the largest biennial tri-services amphibious exercise.
AMPHEX-21 was conducted in the Andaman and Nicobar group of Islands from 21-25 January 2021.
Participants:
A large number of troops from the Indian Army, amphibious warships from the Indian Navy, and aircraft from the IAF participated in the joint exercise.
14) Answer: D
Lt Commander DishaAmrith, a woman naval air operations official posted at a strategic base, will lead the Indian Navy’s Republic Day contingent of 144 young sailors.
Its tableau will showcase the ‘Nari Shakti’ in the force.
The tableau will also reflect the Navy’s focus on remaining a combat-ready, credible, and cohesive force.
The theme of the naval tableau would be ‘Indian Navy -Combat Ready, Credible, Cohesive and Future Proof.
Besides Amrith, another woman officer – Sub-Lt Valli Meena S will be among the three platoon commanders of the naval contingent.
About Lt Commander DishaAmrith:
Disha hails from Mangalore, Karnataka.
She got into the Navy in 2016 and has been posted at a key naval facility in the Andaman and Nicobar islands after completing her training in 2017.
DivyaAjith was the first to lead the all-woman contingent at the Republic Day parade in 2015.
15) Answer: D
President Droupadi Murmu conferred the Pradhan Mantri Rashtriya Bal Puraskar (PMRBP) 2023 on 11 children, including one with a rare bone disorder who is now an accomplished singer and a youngster who jumped into a river to save the life of a woman.
Minister of women and child development Smriti Zubin Irani will also interact with the children and congratulate them in the presence of the minister of state for women and child development MunjparaMahendrabhai.
There are six boys and five girls among the awardees from 11 states and UTs.
The Union government the PMRBP award to children for their exceptional achievements.
The award is conferred on children in the age group 5-18 for their excellence in six categories, viz art and culture, bravery, innovation, scholastic, social service, and sports, which deserve national recognition.
This year, the PradhanMantriRashtriyaBalPuraskar will be conferred on 11 children selected from all regions of the country for their exceptional achievement in the field of art and culture (4), bravery (1), innovation (2), social service (1), and sports (3).
16) Answer: B
Billionaire MukeshAmbani has overtaken the likes of Satya Nadella of Microsoft and Google’s Sundar Pichai to be ranked No.1 among Indians and No.2 globally on the Brand Guardianship Index 2023.
Brand Finance constructs its Brand Guardianship Index in a similar way to the Brand Strength Index that underpins its corporate brand valuations.
They have constructed a balanced scorecard of measures that capture the ability of a CEO to act as the guardian of their company’s brand and a steward of long-term shareholder value,” Brand Finance said in the 2023 report.
The Brand Guardianship Index includes ‘Equity’ factors, which reflect current perceptions, ‘Performance’ factors which reflect the tangible results of these perceptions and ‘Investment’ factors which support future performance.
Brand Finance’s Brand Guardianship Index (BGI) 2023 saw the rise of Nvidia CEO, Jensen Huang, and Mukesh Ambani of Reliance Industries Ltd to 1st and 2nd position respectively
They both now rank above last year’s leader, Microsoft’s Satya Nadella, who now sits in third place.
17) Answer: A
Boxing legend MC Mary Kom will head a five-member Oversight Committee that will run the Wrestling Federation of India (WFI) and also probe into the allegations of ‘sexual misconduct, financial irregularities and misgovernance’ levelled by India’s top wrestlers, including Olympic and World Championships medallists, against the federation chief Brij Bhushan Sharan Singh, other officials and some coaches at the national camp.
The other members of the committee are London Olympics bronze medallist YogeshwarDutt, former badminton player TruptiMurgunde, a member of SAI’s Mission Olympic cell, and former SAI administrators RadhicaSreeman, and Cdr Rajesh Rajagopalan.
Announcing the names of the committee members in Jabalpur, Sports Minister Anurag Thakur said the committee has been given one month to complete its probe and till that time WFI chief Brij Bhushan Sharan Singh will stay away from the day-to-day functioning of the wrestling body.
The committee will look into the serious allegations levelled against WFI.
It will listen to both sides and complete its probe in one month and submit a report.
Till the probe is completed, the Committee will also be in charge of the functioning of the WFI
18) Answer: E
National Tourism Day 2023 is observed on the 25th of January 2023.
National Tourism Day has a long history dating back to the Indian government’s proclamation of January 25 as Tourism Day in India.
This day was created to highlight the value of travel and raise awareness of how vital it is to the economy of the nation.
The nation as a whole warmly celebrates Indian tourism.
The purpose of celebrating National Tourism Day is to increase public understanding of the social, political, economic, and cultural ideals that ultimately influence travel.
The strategic growth, management, and promotion of tourism are solely the responsibility of the Ministry of Tourism, which is the principal institution in India for developing national policy.
19) Answer: B
National Voters Day 2023 is observed on the 25th of January 2023.
The Election Commission of India (ECI), which was established in 1950, was founded on January 25.
To encourage young people to participate in the election process, this day was first observed in 2011.
Without a doubt, today is a celebration of both India’s democracy and the freedom to vote.
The primary goal of the Election Commission is to promote voter registration, especially among qualified voters.
Let us inform you that while the voting age was once 21 years old, it was decreased to 18 years old in 1988.
The voting age in India was lowered by the Sixty-First Amendment Bill of 1998.
20) Answer: A
The Ezra Cup is a popular polo tournament conducted annually in India by the Calcutta Polo Club. It is claimed that it is the first official polo trophy in history. The first Ezra Cup was held in 1880.