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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2023 of 28th & 29th 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.
1) The RBI has imposed a penalty of ₹84.50 lakhs on which bank for non-compliance with certain provisions of norms related to fraud classification and reporting?
(a) State Bank of India
(b) HDFC Bank
(c) ICICI Bank
(d) Central Bank of India
(e) Canara Bank
2) Life Insurance Corporation of India (LIC) has posted a more than 5-fold jump in consolidated net profit to ____________ for the fourth quarter ended March 2023.
(a) ₹11,124 crores
(b) ₹13,191 crores
(c) ₹10,124 crores
(d) ₹7,653 crores
(e) ₹8,343 crores
3) India’s Finance Ministry has notified that Indian start-ups will be exempted from Angel Tax for ___ nations.
(a) 19
(b) 22
(c) 16
(d) 21
(e) 13
4) The Union Government capped the amount of interest subvention at ________ per IEC (import-export code) holder in one financial year.
(a) Rs 10 crore
(b) Rs 5 crore
(c) Rs 25 crore
(d) Rs 15 crore
(e) Rs 3 crore
5) Which organization has announced that it will conduct nationwide surveillance of milk and milk products to check for adulteration?
(a) IFFCO
(b) NAFED
(c) FSSAI
(d) FCI
(e) FICCI
6) Which of the following has launched an innovation nurturing scheme that would help generate a large number of ideas?
(a) Hindustan Shipyard Limited
(b) Cochin Shipyard Limited
(c) Garden Reach Shipbuilders & Engineers
(d) Shipping Corporation of India
(e) Mazagon Dock Shipbuilders
7) The Central Government has formed an 11-member steering committee headed by whom to review and monitor the Cheetah translocation project?
(a) Rajesh Gopal
(b) A Balasubramanian
(c) Sanjay Gupta
(d) Sunil Mehta
(e) Priyanka Meghe
8) The Government has launched a special commemorative coin of ________to mark the opening of the new Parliament building.
(a) Rs 25
(b) Rs 75
(c) Rs 100
(d) Rs 50
(e) Rs 125
9) ____________ has been launched by the Union Minister Giriraj Singh to promote digital transactions in 50000 Gram Panchayats under Amrit Mahotsav in Lucknow.
(a) Panchayat campaign
(b) Gram campaign
(c) Samarth campaign
(d) Mahotsav campaign
(e) Digi campaign
10) Recently in May 2023, the Central Government signed an agreement with six states to conduct a Digital crop survey. Which of the following state is not among them?
(a) Assam
(b) Odisha
(c) Gujarat
(d) Madhya Pradesh
(e) Maharashtra
11) Vinayak Damodar Savarkar (also known as Veer Savarkar) statue will be unveiled in which of the following country?
(a) UAE
(b) Italy
(c) Fiji
(d) Canada
(e) Mauritius
12) Which state government has made the decision to promote the usage of manufactured sand (M-Sand) as an inexpensive and easy alternative to river sand?
(a) Odisha
(b) Uttar Pradesh
(c) Madhya Pradesh
(d) Rajasthan
(e) Punjab
13) Who among the following Indian peacekeeper has been awarded the Dag Hammarskjold Medal by the United Nations?
(a) Shishupal Singh
(b) Samwali Ram Vishnoi
(c) Shaber Taher Ali
(d) All of the above
(e) Only A and B
14) Who has been appointed as the President of the Confederation of Indian Industry (CII) for 2023-24?
(a) R Dinesh
(b) Rajiv Memani
(c) Sanjiv Puri
(d) Vinay Kumar
(e) Sanjay Gupta
15) Which of the following country has successfully test-launched Khorramshahr ballistic missile?
(a) Israel
(b) Turkey
(c) China
(d) Iran
(e) Iraq
16) Which company has unveiled a new generative Artificial Intelligence (AI)-driven multilingual chatbot called ‘Jugalbandi’ for farmers and other users living in rural India?
(a) Microsoft
(b) Meta
(c) Apple
(d) Google
(e) Amazon
17) Which IT major has recently launched a platform called ‘Topaz’ for generative artificial intelligence (AI)?
(a) Accenture
(b) Wipro
(c) Infosys
(d) Tech Mahindra
(e) Tata Consultancy Services
18) Every year, International Everest Day has been observed on which of the following day?
(a) May 30
(b) May 28
(c) May 27
(d) May 29
(e) May 26
19) Tina Turner (popularly known as the ‘Queen of Rock ‘n’ Roll) has recently passed away at the age of 83. How many Grammy awards did she win?
(a) 11
(b) 15
(c) 12
(d) 10
(e) 13
20) The International Day of Action for Women’s Health is observed annually on May 28.Which country first recognized this day as the International Day of Action for Women’s Health in 1987?
(a) South Africa
(b) Australia
(c) Bangladesh
(d) France
(e) Germany
Answers :
1) Answer: D
The Reserve Bank of India (RBI) has imposed a penalty of ₹84.50 lakhs on the Central Bank of India (the bank) for non-compliance with certain provisions of norms related to fraud classification and reporting.
The RBI had conducted statutory inspection for supervisory evaluation of the bank with reference to its financial position as on March 31, 2021.
Key Highlights :
Examination of the reports revealed that the public sector lender had failed to report fraud to RBI certain accounts within 7 days of the decision of Joint Lenders’ Forum (JLF) to declare the accounts as fraud.
It had recovered SMS alert charges from its customers on a flat basis rather than on actual usage basis.
The penalty is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
2) Answer: B
Insurance behemoth Life Insurance Corporation of India (LIC) posted a more than 5-fold jump in consolidated net profit to ₹13,191 crore for the fourth quarter ended March 2023.
The insurer had earned a profit of Rs 2,409 crore in the same quarter a year earlier.
However, the total income of the insurer during the March quarter declined to ₹2,01,022 crore from ₹2,15,487 crore in the same period of the previous fiscal
Key Highlights :
For the entire financial year 2022-23, LIC registered a multi-fold rise in net profit to Rs 35,997 crore from Rs 4,125 crore in the previous financial year.
The board of LIC has recommended a final dividend of ₹3 per equity share with a face value of ₹10 each for the year ended March 31, 2023.
The solvency ratio – which measures an insurance company’s cash flow in comparison to the amount it owes as total life cover – increased to 1.87% as of March 31, 2023, against 1.85% at the end of the preceding fiscal.
In 2022, the government raised ₹20,557 crore by diluting its 3.5% stake in the LIC through the initial public offering (IPO), the country’s biggest ever.
The government sold over 22.13 crore shares or a 3.5% stake in LIC through the IPO.
The price band of the issue was ₹902-949 a share.
3) Answer: D
India’s Finance Ministry has notified a total of 21 nations, investments from which in Indian start-ups will be exempted from Angel Tax.
Excluded entities include those registered with Security and Exchange Board of India (SEBI) as Category-I FPI, Endowment Funds, Pension Funds and broad-based pooled investment vehicles, which are residents of 21 specified nations, including the United States (US), United Kingdom (UK), Australia, Germany and Spain, as per the notification.
The other nations mentioned in the notification are Austria, Canada, Czech Republic, Belgium, Denmark, Finland, Israel, Italy, Iceland, Japan, Korea, Russia, Norway, New Zealand and Sweden.
The Central Board of Direct taxes (CBDT) has notified that Non-resident investment in unlisted Indian startups from these countries will not attract Angel Tax.
4) Answer: A
The government capped the amount of interest subvention at Rs 10 crore per IEC (import-export code) holder in one financial year.
In March 2022 the RBI extended the interest equalisation scheme for pre and post-shipment rupee credit for Micro, Small and Medium Enterprises (MSME) exporters till March 2024 with the objective of boosting outbound shipments.
Exporters get subsidies under the ‘Interest Equalisation Scheme for pre and post-shipment Rupee Export Credit’.
All disbursements made from April 1, 2023, shall be counted for an IEC for the current financial year.
The interest equalisation rates under the scheme have been revised to 2% and 3% for specified categories of MSME manufacturer exporters.
5) Answer: C
FSSAI stated that it will conduct nationwide surveillance of milk and milk products to check for adulteration.
The large-scale surveillance would involve collecting samples from both organized and unorganized sectors in all districts across the country.
Samples of products will also be tested like khoa, chenna, paneer, ghee, butter, curd, and ice cream, as part of the ongoing effort to check adulteration in milk and milk products.
The survey will assess the samples for compliance with quality and safety standards.
It will identify hotspots for adulteration of milk and milk products and take corrective action.
Since 2011, FSSAI has conducted five such surveillances of milk and milk products.
In 2018, the National Milk Safety and Quality Survey was conducted in all the states and union territories.
In 2020, a Pan-India Milk Products Survey was conducted by FSSAI to assess the safety and quality of milk products and desserts sold during festivals.
In 2022, a milk survey was conducted by FSSAI in 12 states, in which Lumpy Skin Disease (LSD) was spread in 10 states.
6) Answer: C
In a bid to address challenges in the ship design and construction industry, defence PSU Garden Reach Shipbuilders and Engineers Ltd. launched an innovation nurturing scheme that would help generate a large number of ideas.
The GRSE Accelerated Innovation Nurturing Scheme 2023 is a two-stage process to help generate a large number of ideas from which a few promising ones may be selected and nurtured.
Kolkata-based defence shipyard launched GAINS 2023 to leverage the ecosystem that addresses present and emerging challenges in the ship design and construction industry.
Artificial intelligence, renewable energy, energy efficiency, and efficiency enhancement are focus areas for GRSE and are the thematic areas of the “GAINS 2023” challenge.
GAINS 2023, a scheme for encouraging innovators through an open innovation challenge, was launched by the youngest officer of GRSE, G Surya Prakash, assistant manager (finance), in the presence of the Minister of State for Electronics and IT and Skill Development and Entrepreneurship, Rajeev Chandrasekhar, through the virtual mode.
7) Answer: A
The central government formed a steering committee to review and monitor the Cheetah translocation project.
An 11-member committee will be headed by Global Tiger Forum Secretary General Dr Rajesh Gopal has been formed to review and monitor the Cheetah translocation project.
The government has formed this committee after the death of three cheetah cubs.
It will also have a four-member consulting panel of international Cheetah experts.
The committee will advise the Madhya Pradesh Forest Department and the National Tiger Conservation Authority. It will also decide the opening of the cheetah habitat for eco-tourism.
The committee will also suggest ways to involve the local community in the project activities.
The steering committee will remain in force for two years and will meet at least once every month.
A total of 20 cheetahs arrived in India in two batches – the first batch of eight cheetahs from Namibia came in September 2022 and 12 more from South Africa came in February.
8) Answer: B
The government will launch a special commemorative coin of Rs 75 to mark the opening of the new Parliament building.
A special commemorative of Rs 75 coin will be released on the occasion of the inauguration of the new Parliament building.
Rs 75 coin will be circular in shape with a diameter of 44 millimetres.
It will have 200 serrations.
The face of the coin will have the Lion Capitol of Ashoka Pillar in the centre with ‘Satyameva Jayate’ inscribed below it.
It will have ‘Bharat’ written in Devanagari script on the left and ‘India’ in English on the right.
It will be made up of a quaternary alloy with 50 per cent silver, 40 per cent copper, 5 per cent nickel, and 5 per cent zinc.
On the other side of the coin, there will be a picture of Parliament House, above which will be written ‘Sansad Sankul’ in Devanagari script and ‘Parliament Complex’ in English below.
9) Answer: C
‘Samarth campaign’ has been launched by Shri Giriraj Singh to promote digital transactions in 50000 Gram Panchayats under Amrit Mahotsav in Lucknow.
The Ministry of Rural Development is running this campaign, which was started on 1st February 2023 and will continue till 15 August 2023.
The major thrust of the Samarth campaign is to promote digital transactions in rural areas, with a special focus on women.
Shri Giriraj Singh said that the NPA of Self-Help Groups (SHGs) which was 9.58% in 2013, has come down to below 2% now.
10) Answer: E
The central government signed an agreement with six states to conduct a Digital crop survey.
The Central government signed an agreement with Assam, Gujarat, Madhya Pradesh, Odisha, Rajasthan and Uttar Pradesh to conduct the Digital crop survey.
The agreement has been signed at a workshop, which was organized by the Union agriculture ministry to discuss with state governments the implementation plan of the Digital crop survey.
A manual for a web portal and a mobile application for a Digital crop survey has been also launched on this occasion.
Digital crop survey is part of the government’s Agristack or India Digital Ecosystem for Agriculture (IDEA).
Agristack and Krishi-Decision Support System (Krishi-DSS) will help in resolving issues and challenges in the agriculture sector.
The digital crop survey will give a clear picture of crops being sown across the country during different agriculture seasons.
The main aim of the project is to create one verified source about the farmer and his/her crop-sown data.
11) Answer: E
After Chhatrapati Shivaji Maharaj’s statue, the bust of freedom fighter Vinayak Damodar Savarkar also known as Veer Savarkar will be unveiled in the port Luis capital city Mauritius on May 28,2023 Savarkar’s birth anniversary.
Maharashtra public works department (PWD) minister Ravindra Chavan will attend the programme which will be graced by Prithviraj Singh Rupan, President of Mauritius, and Leladevi Dookun-Luchoomun, the Deputy Prime Minister.
This is the second-consecutive function where two icons of Maharashtra from different eras are being honoured by Mauritius.
In April,2023 a 13-feet-tall statue of Chhatrapati Shivaji Maharaj was unveiled by deputy CM Devendra Fadnavis on the premises of Maharashtra Bhavan.
The latest function will mark the beginning of ‘Veer Savarkar Global Summit’ with the aim to spread the work, literature and thoughts of the freedom fighter.
12) Answer: D
The government of Rajasthan has made the decision to promote the usage of manufactured sand (M-Sand) as an inexpensive and easy alternative to river sand.
Additional chief secretary (mines, petroleum and MSME) Veenu Gupta stated that investors would be encouraged to set up M-sand units in Rajasthan.
Key Highlights :
In its M-sand policy, the Rajasthan government had made it mandatory to use at least 25% of it in government constructions.
In January 2021, the state government had released the M-Sand Policy, 2020.
Under the policy, 36 units have been set up and the annual production is around 12.5 million tonnes.
The objective of the policy is to generate employment at the local level as well as to solve the problem of waste generated from the mines.
The policy was announced in the budget for 2019-20.
Under this M-Sand units have been given industry status and provisions have been made as per the requirements of the state.
The benefits include investment subsidy in state goods and services tax, and concessions in electricity fees, land tax, and stamp duty.
About Rajasthan :
13) Answer: D
Three Indian peacekeepers were awarded the Dag Hammarskjold Medal by the United Nations.
The three Indians include Border Security Force (BSF) personnel Head Constables Shishupal Singh and Samwali Ram Vishnoi.
They served with the Organisation Stabilisation Mission in the Democratic Republic of the Congo.
The three Indians also include Shaber Taher Ali.
He was employed in a civilian capacity with the U.N. Assistance Mission for Iraq.
Singh and Vishnoi were among five people killed during an anti-UN protest in the Eastern city of Goma near Congo’s border with Uganda.
While Singh hailed from Sikar, Vishnoi belonged to Barmer.
India first participated in a U.N. peacekeeping mission in 1950.
Dag Hammarskjold Medal is the highest honour awarded to U.N. Peacekeepers.
It is named after Dag Hammarskjöld, the second Secretary-General of the United Nations.
This year marks the 75th anniversary of the U.N. Peacekeeping. The International Day of United Nations Peacekeepers is observed on May 29.
14) Answer: A
The National Council of Confederation of Indian Industry (CII) has elected R Dinesh, executive vice-chairman of TVS Supply Chain Solutions, as the president of CII for 2023-24.
He takes over from Sanjiv Bajaj, chairman and managing director, Bajaj Finserv Limited who served as president of CII for 2022-23.
Other Appointments :
Sanjiv Puri, the Chairman and Managing Director of ITC Limited, will assume the role of President-Designate of CII for the year 2023-24.
Rajiv Memani, Chairman of the India region of Ernst & Young (EY), a global professional services organisation, has been appointed as the Vice President of CII for 2023-24.
15) Answer: D
Iran’s defence ministry unveiled the 4th generation of its Khorramshahr ballistic missile, with a range of 2,000 kilometres (1,242 miles) and a capacity to carry warheads weighing over a tonne.
It was developed by the Aerospace Industries Organisation (AIO).
The missile also is called Kheibar, after a Jewish fortress conquered by the Muslims in the 7th century in what is now Saudi Arabia.
About Kheibar missile :
Kheibarshekan is an Iranian solid-fuel medium-range ballistic missile operated by the Islamic Revolutionary Guard Corps Aerospace Force.
The Kheibar missile, the latest version of the Khorramshahr which is Iran’s longest-range missile to date was unveiled alongside a replica of the Al-Aqsa mosque in east Jerusalem.
Kheibar, a liquid fuel missile able to carry a 1,500-kg (3,300-pound) warhead.
Its name references the ancient town of Khaybar located in modern-day Saudi Arabia known for a decisive 7th century battle in which the army of Prophet Mohammed defeated its thousands of Jewish residents.
16) Answer: A
Microsoft has unveiled a new generative Artificial Intelligence (AI)-driven multilingual chatbot called ‘Jugalbandi’, designed for farmers and other users living in rural India.
The chatbot is being developed in collaboration with Microsoft Research and the government-backed AI4Bharat – an open-source language AI centre based at the Indian Institute of Technology (IIT) Madras – and OpenNyAI.
The main objective of the collaboration is to break language barriers and provide technology-driven solutions through the Bhashini initiative.
Its main aim is to provide personalised assistance by understanding user queries in multiple languages.
17) Answer: C
IT major Infosys Ltd launched a platform called ‘Infosys Topaz’ for generative artificial intelligence (AI).
Key Highlights :
It helps amplify the potential of humans, enterprises, and communities to tap into the next generation of opportunities to create value from unprecedented innovations, connected ecosystems, and pervasive efficiencies.
Infosys Topaz leverages Infosys applied AI framework to build an AI-first core that empowers people to deliver cognitive solutions that accelerate value-creation.
Infosys Topaz enables businesses, across industries, with support from an ecosystem of over 100 industry networks and partnerships.
18) Answer: D
International Everest Day 2023 is observed on May 29.
The first attempt to climb mountains was by the British people in the 1920s.
68 years ago, Nepalese Tenzing Norgay and New Zealand’s Edmund Hillary climbed mountains and that day history was created.
Since 1953, several people have climbed the mountain and more and more visitors have increased each year.
Everest is the highest mountain when measured at sea level.
Several International climbers and families actively participated in the events that were celebrated on International Everest Day.
International Mount Everest Day was celebrated in 2008, and it was the day Edmund Hillary passed away and Nepal decided on May 29 as International Everest Day.
19) Answer: C
Tina Turner, popularly known as the ‘Queen of Rock ‘n’ Roll, passed away at the age of 83.
About Tina Turner :
Turner was born on November 26, 1939, in Brownsville, Tennessee, United States (US).
Turner began her career with Ike Turner’s Kings of Rhythm in 1957.
Under the name Little Ann, she appeared on her first record, “Boxtop”, in 1958.
In 1960, she debuted as Tina Turner with the hit duet single “A Fool in Love”.
The duo Ike & Tina Turner became “one of the most formidable live acts in history”.
They released hits such as “It’s Gonna Work Out Fine”, “River Deep – Mountain High”, “Proud Mary”, and “Nutbush City Limits”, before disbanding in 1976.
Previously, she held a Guinness World Record for the largest paying audience (180,000 in 1988) for a solo performer.
In the UK, Turner was the first artist to have a top 40 hit in seven consecutive decades; she has a total of 35 UK top 40 hits.
Awards & Honors :
She received 12 Grammy Awards, which include 8 competitive awards, 3 Grammy Hall of Fame awards and a Grammy Lifetime Achievement Award.
She was the first black artist and first woman to be on the cover of Rolling Stone.
Rolling Stone ranked her among the 100 Greatest Artists of All Time and the 100 Greatest Singers of All Time.
She was first inducted into the Rock Hall in 1991 as part of Ike and Tina Turner.
In 2021, she was inducted into the hall of fame for the second time, credited as a solo artist.
She was also a 2005 recipient of the Kennedy Center Honors and Women of the Year award.
20) Answer: A
International Day of Action for Women’s Health is observed annually on May 28.
This day is observed to raise awareness about the health of Women and well beings such as Sexual and Reproductive Health and Rights(SRHR).
In 1987, South Africa was first recognized this day as the International Day of Action for Women’s Health.
This day creates an opportunity to get awareness about the sexual and reproductive health of women to illiterate people
Every year this day is celebrated by women’s and health groups.
It is a platform for the recognition of sexual rights, sexuality, reproductive rights, health, etc.
In 1984, the Women’s Global Network for Reproductive Rights (WGNRR) has created to organize the International Day of Action for Women’s Health.