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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2023 of 26th September 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) The Reserve Bank of India has implemented the Basel III capital framework for all financial institutions. How many AIFIs are there in India?
(a) 5
(b) 4
(c) 3
(d) 7
(e) 8
2) When was Basel III guidelines introduced?
(a) 2008
(b) 2009
(c) 2010
(d) 2007
(e) 2011
3) The Securities and Exchange Board of India (SEBI) has made it easier for large corporations to access the debt market up to a how percentage of their mandate?
(a) 20%
(b) 15%
(c) 25%
(d) 30%
(e) 35%
4) The SBI has raised ₹ 10,000 crores by offering Infrastructure Bonds with a rate of 7.49%. The bonds had a maturity of how many years?
(a) 10
(b) 12
(c) 15
(d) 18
(e) 20
5) RBI Introduces Draft Master Direction on handling willful and large defaulters within how many months?
(a) 5 months
(b) 6 months
(c) 7 months
(d) 10 months
(e) 3 months
6) PhonePe launches Indus App store in India to compete with Google Play. How many languages is the app available in?
(a) 10
(b) 5
(c) 12
(d) 18
(e) 20
7) Which country supplied the first transport aircraft C-295 MW to the Indian Air Force?
(a) Germany
(b) Spain
(c) France
(d) China
(e) USA
8) By which year will Bharat Drone Shakti give a fillip to India’s commitment to becoming a global drone hub?
(a) 2028
(b) 2024
(c) 2030
(d) 2032
(e) 2035
9) Tamil Nadu is one of the biggest producers of EVs in the country. In how many cities do the state government is planning to develop it as EV hubs?
(a) 5
(b) 6
(c) 12
(d) 8
(e) 10
10) Where did the first hydrogen fuel cell bus launched?
(a) Karnataka
(b) Gujarat
(c) Delhi
(d) Maharashtra
(e) Kerala
11) US President Joe Biden has invited India’s Prime Minister, Shri. Narendra Modi, to be the chief guest at the Republic Day in 2024. Which country president has been invited for the Republic Day in 2023?
(a) France
(b) Germany
(c) Egypt
(d) Italy
(e) Afghanistan
12) Adi shankaracharya’s multi-metal sculpture is on Mandhata parvat hill facing south towards which river?
(a) Yamuna
(b) Ganges
(c) Narmada
(d) Brahmaputra
(e) Cauvery
13) Madhya Pradesh has designated the Veerangana Durgaavati Tiger Reserve as its seventh Tiger Sanctuary. How many tiger reserves do India currently have?
(a) 52
(b) 54
(c) 55
(d) 51
(e) 56
14) HPSEBL Launch Integrated Consumer Portal of HPSEB by CM Thakur Sushwant Singh Sukhu as part of HP’s transformation into Green State by which year?
(a) 2025
(b) 2026
(c) 2024
(d) 2028
(e) 2030
15) ICICI Lombard Managing Director & Chief Executive Officer Bhargav Dhasgupta steps down to join Asian Development Bank (ADB) as Vice President, Market Solutions. How long did he work at ICICI Lombard?
(a) 12
(b) 14
(c) 10
(d) 15
(e) 18
16) Actor Suresh Gopi was appointed as the President of the Satyajit ray film and television institute (SRFTI). When was he won the National Film Award for Best Actor for his performance in the film ‘Kaliyattam’?
(a) 1995
(b) 1997
(c) 1996
(d) 1994
(e) 1999
17) Emcure Pharmaceuticals plans to raise $400 to $500 million through an IPO in 2024. How much billion dollars is the pharmaceuticals market in India expected to be in 2030?
(a) $125billion
(b) $120billion
(c) $130billion
(d) $135billion
(e) $115billion
18) Walter Isaacson’s biography of Elon Musk becomes his second bestseller. How many copies did he sell in the first week?
(a) 92550
(b) 92560
(c) 92580
(d) 92520
(e) 92540
19) On the 25th of September every year, India marks the birth anniversary of Deendayal Upadhyaya, also known as the founder of India. When did India’s Prime Minister Modi make it a national holiday?
(a) 2014
(b) 2018
(c) 2020
(d) 2015
(e) 2016
20) The 19th edition of the Yudh Abhyas military exercise is coming up in Alaska. When was the first edition held?
(a) 2001
(b) 2000
(c) 2002
(d) 2004
(e) 2005
Answers :
1) Answer: A
The Reserve Bank of India (RBI) has introduced norms on the Basel III capital framework, fundraising, exposure guidelines, and norms on the classification and valuation of investment portfolios for All India Financial Institutions (AIFIs), which will come into effect from April 2024.India has 5 AIFIs that are regulated by the RBI. These institutions are the Export-Import Bank of India (EXIM Bank), the National Bank for Agriculture and Rural Development (Nabard), the National Bank for Financing Infrastructure and Development (NaBFID), the National Housing Bank (NHB), and the Small Industries Development Bank of India (SIDBI).
2) Answer: C
Basel III guidelines were introduced globally in 2010 in response to the 2008 financial crisis. They focus on capital adequacy, leverage, funding, and liquidity as key parameters to ensure a more resilient banking system.The capital adequacy ratio is to be maintained at 12.9%. The minimum Tier 1 capital ratio and the minimum Tier 2 capital ratio have to be maintained at 10.5% and 2% of risk-weighted assets respectively. In addition, banks have to maintain a capital conservation buffer of 2.5%. Counter-cyclical buffer is also to be maintained at 0-2.5%.
3) Answer: C
The Securities and Exchange Board of India (SEBI) has introduced several relaxations for Large Corporates (LCs) to facilitate their financing needs from the debt market. Initially, SEBI had mandated that LCs must raise 25% of their financing requirements from the debt market. This requirement aimed to promote the growth of the corporate bond market in India.Currently, a monetary penalty of 0.2 percent of the shortfall in the borrowed amount is levied at the end of three years.
4) Answer: C
The infrastructure bonds have a 15-year maturity period and offer a yield of 7.49%. These bonds have attracted significant interest from a diverse group of investors.The bond issue received strong demand, with 134 bids totaling ₹21,045 crore, significantly exceeding the base issue size of ₹4,000 crore.Prior to this issuance, SBI had raised ₹3,101 crore through additional tier-I (AT-1) bonds and ₹10,000 crore through long-term 15-year infrastructure bonds in July 2023.
5) Answer: A
The Reserve Bank of India (RBI) has issued a “Draft Master Direction” that focuses on the treatment of wilful defaulters and large defaulters in the banking and financial sector. RBI has invited comments and feedback on this draft Master Direction, and stakeholders have the opportunity to provide input until October 31, 2023.The proposed norms by RBI aim to establish stricter guidelines for the treatment of wilful defaulters.As per the draft, banks and other lenders are required to examine all accounts with an outstanding balance of Rs. 25 lakh or more to determine if the borrower is deliberately avoiding loan repayment.
6) Answer: C
PhonePe, a Bengaluru-based digital payments company, has introduced its own app store platform called the “Indus App store Developer Platform to attract Android developers in India.Apps uploaded to the platform will be listed on the ‘Made-in-India’ app store, known as the Indus App store. This store is designed to provide a localized experience and will support content in 12 languages to cater to Indian audiences. The Indus App Store offers developers an alternative distribution channel to access the Indian Android market. This can be especially beneficial for developers looking to reach a diverse Indian audience.
7) Answer: B
The first C-295 MW transport aircraft formally inducted in the presence of Raksha Mantri Rajnath Singh at the Indian Air Force airbase in Hindan, Ghaziabad, Uttar Pradesh. Air Chief Marshal VR Chaudhari and other dignitaries were also present during the induction ceremony. Earlier, Mr. Singh inaugurated the two-day Bharat Drone Shakti – 2023.India has formalized the acquisition of 56 Airbus C-295 aircraft to replace the Indian Air Force AVRO fleet. The Indian Air Force received the first C-295 MW transport aircraft at Seville in Spain on the 13th of September which was attended by Air Chief Marshal VR Choudhari.
8) Answer: C
Bharat Drone Shakti – 2023 is witnessing participation from more than 75 drone start-ups and companies. It is expected to attract around five thousand attendees, including representatives from central government, state departments, public and private industries, armed forces, paramilitary forces, and representatives from friendly countries. Bharat Drone Shakti will give a fillip to India’s commitment to becoming a global drone hub by 2030.
9) Answer: B
Out of the 10 lakh EVs sold in India this year (2023), over 4 lakh were manufactured in Tamil Nadu. The EVs were two and four-wheelers along with cars manufactured by ten companies in the state.According to the Vahan Dashboard data, as many as 10,44,600 EVs were registered with RTOs from January until September 20.Leading original equipment manufacturers (OEMs) — Ola Electric, TVS Motor, Ather Energy, and Ampere Vehicles –have their EV manufacturing facilities in the state and now it expects investments worth Rs 50,000 crore in this space by 2025 and the creation of 150,000 jobs. The state government has identified 6 cities – Coimbatore, Trichy, Tirunelveli, Madurai, Salem, and Chennai – for development as EV hubs
10) Answer: C
Petroleum and Natural Gas Minister Hardeep Singh Puri launched a first-of-its-kind Hydrogen Fuel Cell Bus from India Gate in New Delhi. On this occasion, Mr. Singh stated that the government is working in a mission mode to bring in a new generation of green vehicles. Minister of State for Petroleum and Natural Gas Rameswar Teli stated that these buses are a positive step towards India’s aim to reach net zero carbon emission by 2070. Mentioning the details of the project, Indian Oil Chairman Shrikant Madhav Vaidya stated that 13 more buses will be launched by the end of the year in the Delhi-NCR region.
11) Answer: C
President Biden accepts the invitation, he will become the second US President to serve as the Chief Guest at India’s Republic Day celebrations. The first US President to attend this event was Barack Obama in 2015.In the 2023 Republic Day celebrations, the Chief Guest was Egyptian President Abdel Fattah El-Sisi.India traditionally invites world leaders to attend its Republic Day celebrations as Chief Guests to symbolise international cooperation and friendship. In both 2021 and 2022, there was no Chief Guest for the Republic Day celebrations due to the COVID-19 pandemic, which disrupted many international events
12) Answer: C
Adi Shankaracharya, born in Kerala’s Kaladi on the banks of the Periyar River, lived between 788 and 820 AD. He is known for being a proponent of Advaita Vedanta, a school of Hindu philosophy that emphasizes non-duality.The multi-metal statue of Adi Shankaracharya’s is positioned on the Mandhata Parvat hill, facing southwards towards the Narmada River.Adi Shankaracharya became a proponent of Advaita Vedanta, challenging prevailing philosophical traditions – including Buddhism and Jainism. It is made up of bronze that contains 88% copper, 4% zinc and 8% tin and its internal structure is made up of high-quality steel.
13) Answer: B
The Madhya Pradesh (MP) Government has declared the creation of the “Veerangana Durgavati Tiger Reserve,” which becomes the 7th tiger reserve in MP.Existing Tiger Reserves in Madhya Pradesh: Madhya Pradesh is already renowned for its 6 existing tiger reserves, namely Kanha, Bandhavgarh, Panna, Pench, Sanjay Dubri, and Satpura. The addition of the Veerangana Durgavati Tiger Reserve further strengthens the state’s commitment to tiger conservation.With this addition, India now has a total of 54 tiger reserves across the country.
14) Answer: B
Himachal Pradesh (HP) Chief Minister (CM) Thakur Sukhvinder Singh Sukhu launched the Integrated Electricity Consumer Portal of Himachal Pradesh State Electricity Board Limited (HPSEBL). To usher in a paperless work culture within the organization, which is expected to streamline administrative processes and expedite services.This is a part of transforming HP into a Green Energy State by 31st March, 2026.The consumers now will no longer have to stand in long queues to pay their electricity bills and can submit it online.
15) Answer: B
Bhargav Dasgupta, who served as the Managing Director (MD) and Chief Executive Officer (CEO) of ICICI Lombard General Insurance, has resigned from his position after nearly a 14-year tenure with the company. Dasgupta will be joining the Asian Development Bank (ADB) as a Vice President for a period of 3 years.In his new position at ADB, Dasgupta will be responsible for managing the operations of ADB’s Private Sector Operations Department and the Office of Markets Development and Public–Private Partnerships.
16) Answer: B
Malayalam actor and politician Suresh Gopi was nominated as the president of the Kolkata-based Satyajit Ray Film & Television Institute (SRFTI).He will also be performing the responsibilities of a chairman of its governing council. He has been nominated for a period of 3 years. In 2019, he also contested the Lok Sabha elections from Thrissur constituency in which he lost to Congress’s TN Prathapan. He is a former Rajya Sabha Member of Parliament (MP).He was also awarded the 1997 National Award for Best Actor in his role in Kaliyattam.
17) Answer: C
Emcure Pharmaceuticals is planning to raise $400-500 million from initial public offering (IPO) in 2024. The development revives the listing plans for the pharmaceutical company which it shelved in 2022 as Russia’s invasion of Ukraine disrupted global markets. The company has hired investment banks JP Morgan, Jefferies and Kotak for the IPO and the sources stated that it is targeting a valuation of about $3 billion.Emcure is among companies looking to capitalize on the world’s most populous country’s increasing need for medicines and a growing health awareness among citizens. India’s pharmaceuticals market is expected to reach $130 billion in 2030 from $50 billion currently, and deal-making in the sector is booming.
18) Answer: B
Elon Musk’s biography by American author-journalist Walter Isaacson, saw strong sales during its first week after launch, with a total of 92,560 copies being sold, according to data compiled by the book tracking platform Circana BookScan. Elon Reeve Musk (born June 28, 1971) is a business magnate and investor. Musk is the founder, chairman, CEO and chief technology officer of SpaceX; angel investor, CEO, product architect and former chairman of Tesla, Inc.; owner, chairman and CTO of X Corp.; founder of the Boring Company; co-founder of Neuralink and OpenAI; and president of the Musk Foundation.
19) Answer: A
Pandit Deendayal Upadhyaya was born in Mathura on 25 September 1916. In honour of Pandit Deendayal Upadhyaya’s birth anniversary, Indian Prime Minister Modi declared this day a national holiday in 2014. He died in 1968 near the Mughalsarai Junction railway station. The UP government later changed the name of the station to ‘Deendayal Upadhyaya Junction’ in 2018. On this day in 2014, the Ministry of Rural Development re-introduced Aajeevika Skills, a skill development programme under the National Rural Livelihoods Mission (NRLM). It was later renamed Deendayal Antyodaya Yojana- NRLM in November 2015.
20) Answer: C
The 19th edition of “EXERCISE YUDH ABHYAS” will be conducted from September 25 to October 8, 2023, in Fort Wainwright, Alaska, United States of America (USA).The theme of the Exercise is ‘Employment of an Integrated Battle Group in Mountain/ Extreme Climatic Conditions’ under Chapter VII of the United Nations mandate.The 18th edition of the exercise took place in Aulik, Uttarakhand, India. The 1st edition of the exercise took place in Agra Uttar Pradesh (UP), India in 2002.It is an annual exercise conducted jointly by the Indian Army and the United States Army.