Daily Current Affairs Quiz – 30th April & 01st May 2023

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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2023 of 30th April & 01st 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.

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1) Which organisation has committed USD 20.5 billion from its own resources in 2022 to help Asia and the Pacific to recovery from the COVID-19 pandemic?

(a) NDB

(b) ADB

(d) AIIB

(e) IMF

2) Which of the following payments company has partnered with ONDC to offer payment reconciliation service?

(a) Paytm

(b) Easy Transfer

(d) Zest Money

(e) Razorpay

3) Recently, Which of the following bank has raised $750 million via a 5-year bond issuance at a coupon rate of 4.875%?

(a) Punjab National Bank

(b) State Bank of India

(d) Union Bank of India

(e) Bank of Baroda

4) Which of the following Insurance company has launched a new digital-only health product named‘Health Edge Insurance’?

(a) SBI General Insurance

(b) United India Insurance Company

(d) HDFC ERGO General Insurance Company

(e) IFFCO Tokio General Insurance Company

5) The world’s first social currency payment card WYLD launched in _______________.

(a) Pune, Maharashtra

(b) Mumbai, Maharashtra

(d) Noida, Uttar Pradesh

(e) Jamnagar, Gujarat

6) Which organisation has partnered with UIDAI to set up an aggregator platform for eKYC(electronic know-your-customer)?

(a) IRDAI

(b) NPCI

(d) RBI

(e) NCLT

7) Which of the following company has secured a non-banking finance company (NBFC) licence from the Reserve Bank of India (RBI)?

(a) Instant Pay

(b) Mahila Money

(d) Fi Money

(e) Jupiter

8) Recently, the Bank of India has increased interest rates on special term deposits known as “ShubhArambh Deposits” for ______ days deposits under Rs 2 crore.

(a) 555

(b) 365

(d) 444

(e) 666

9) Which of the following Ministry has launched the ‘City Beauty Competition’ portal?

(a) Ministry of Rural Development

(b) Ministry of Statistics and Programme Implementation

(d) Ministry of Housing and Urban Affairs

(e) Ministry of Skill Development and Entrepreneurship

10) Recently, Prime Minister Narendra Modi has inaugurated how many new FM Transmitters to give a further boost to radio connectivity in India?

(a) 75

(b) 91

(d) 100

(e) 88

11) As per the recent report (April 2023), Central government employees will get 42 days of special casual leave for organ donation. What was the previous casual leave?

(a) 35

(b) 30

(d) 29

(e) 31

12) United Kingdom’s first Jagannath Temple to be built in which of the following place?

(a) Manchester

(b) Birmingham

(d) Leeds

(e) London

13) Prime Minister Narendra Modi laid the foundation stone for India’s first digital science park in ____________.

(a) Kerala

(b) Karnataka

(d) Tamil Nadu

(e) West Bengal

14) Who became the first female director of Britain’s Intelligence Communications Agency,the Government Communications Headquarters (GCHQ)?

(a) Catherine Parr

(b) Mary Boleyn

(d) Jane Grey

(e) Jeremy Fleming

15) Who has been appointed as the Chairman & Managing Director (CMD) of Bharat Dynamics Limited (BDL)?

(a) Sanjay Kumar

(b) Sanjiv Chadha

(d) Hasmukh Adhia

(e) Madhavarao

16) Who has received this year’s prestigious Immigrant Achievement Award for her contributions to higher education in the US?

(a) Sudesh Kumari

(b) Neeli Bendapudi

(d) Tanuja Nesari

(e) Anna Moschovakis

17) According to the recent (April 2023) RBI data, Which statehas topped the list with the highest market borrowings during April-February FY23?

(a) Tamil Nadu

(b) Maharashtra

(d) Andhra Pradesh

(e) Madhya Pradesh

18) Who is the author of the new book titled ‘Smoke and Ashes’?

(a) Vikram Sampath

(b) Jhumpa Lahiri

(d) Amitav Ghosh

(e) Kiran Desai

19) Arjuna Awardee and Padma Shri boxing champion Kaur Singh passed away at the age of 74. He represented India in the Los Angeles Olympics in_________.

(a) 1992

(b) 1976

(d) 1972

(e) 1988

20) Every year, International Labor Day has been celebrated on May 1to recognize and appreciate the invaluable contributions made by the labour class. When was the first Labour Day celebrated in India?

(a) 1958

(b) 1972

(d) 1923

(e) 1948

Answers :

1) Answer: B

Multilateral funding agency Asian Development Bank (ADB) committed USD 20.5 billion from its own resources in 2022 to help Asia and the Pacific as it continues its recovery from the COVID-19 pandemic despite fresh economic headwinds and crises.

The financial and operational results published in ADB’s Annual Report 2022 pointed how the bank combined finance and knowledge, and leveraged partnerships to help the region cope with economic shocks exacerbated by the Russian invasion of Ukraine, a worsening food crisis, and extreme weather events.

Key Highlights :

The $20.5 billion comprised loans and guarantees, grants, equity investments, and technical assistance provided to governments and the private sector.

ADB mobilised an additional $11.4 billion in co-financing.

2) Answer: E

Razorpay, a fintech payments and banking platform for businesses, will join the Open Network for Digital Commerce (ONDC), a non-profit company set up by the Department for Promotion of Industry and Internal Trade (DPIIT) as an alternative for Internet shopping.

This would make it the first payment gateway in India to launch payment reconciliation services for buyer and seller apps.

This will provide them with an integrated single view of all their transactions.

Key Highlights :

Through this service, it will facilitate ease of transacting on ONDC by timely routing settlement information for a given transaction and assisting Network Participants (NPs) with settling funds.

The payment reconciliation service for Network Participants (NPs), such as buyers, sellers, and logistic partners, will streamline the payment processes on ONDC and will provide NPs with an integrated single view of all their transactions.

3) Answer: B

India’s largest bank State Bank of India (SBI) has raised $750 million via a 5-year bond issuance at a coupon rate of 4.875%.

The bonds are benchmarked against a 5-year US treasury and priced at a spread of 145 basis points (bps) over the benchmark.

The bonds will be issued through our London branch as of May 5, 2023 and shall be listed on Singapore Stock Exchange and India International Exchange, GIFT City.

The bonds were issued under SBI’s MTN (medium-term note) Programme and will be listed on Singapore SGX and the India INX, Gift City.

The Notes are expected to carry a final rating of BBB- and BBB- from Standard & Poor’s and Fitch, respectively.

Citigroup, Emirates NBD Capital, HSBC, JP Morgan, MUFG, and Standard Chartered Bank acted as joint global coordinators and joint lead managers for this offering.

4) Answer: A

SBI General Insurance has launched a new digital-only health product, Health Edge Insurance, where starting premium is less than Rs 5,500 per annum for a Rs 3 lakhs cover.

Key Features of the Policy:

Single Comprehensive Plan variant with 9 Basic Indemnity Covers and 18 Optional covers

Premiums starting from less than Rs.15/day

Entry age: 18-65 years (Adults), and 91 days to 30 years (Children)

Multiple Sum Insured ranges from INR 3 Lacs to 25 lakhs

Long-term Policy options are available for up to 3 years

The Health Edge plan includes 9 in-built covers; hospitalization, pre-hospitalization medical expenses, post-hospitalization medical expenses, day-care treatment, emergency road ambulance cover, bariatric surgery cover, modern treatment/ advance procedures, AYUSH treatment, and stay-fit health checkup.

5) Answer: B

WYLD, the world’s first social currency payment card has launched in Mumbai, Maharashtra.

It is powered by Visa, the platform will allow everyday social media users (with as little as 1K followers) to leverage their Instagram following to earn massive cashbacks on everyday spends.

The startup raised $350,000 in pre-seed funding, led by Better Capital.

Currently, the platform is invite-only, and open to the first 5,000 users on their waitlist of 10,000 potential customers, for their beta-testing phase.

6) Answer: B

The Unique Identification Authority of India (UIDAI) and the National Payments Corporation of India (NPCI) are planning to set up an aggregator platform for eKYC (electronic know-your-customer).

Aadhaar-based eKYC is used for paperless verification of a customer’s credentials for new mobile connections and bank accounts.

It will enable the registration of entities regulated by the Reserve Bank of India (RBI), the Securities and Exchange Board of India (SEBI) or any insurance and pension regulators.

Once implemented, the platform is expected to help several non-banking finance companies (NBFCs) reach out to consumers to offer loans apart from aiding fintech players and insurance intermediaries.

UIDAI is a statutory authority established under the provisions of the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016.

7) Answer: E

Neo banking startup Jupiter has secured a non-banking finance company (NBFC) licence from the Reserve Bank of India (RBI), a development that will help it dole out credit from its books.

Sequoia and Tiger Global backed-Jupiter intends to capitalise the lending business with around Rs 100 crore and raise an additional Rs 100 crore in debt to fund the NBFC’s credit operations.

The NBFC will be housed under Amica Finance, a separate entity.

The NBFC licence will help the four-year-old fintech’s revenue pipe and increase margins in lending. Further, it will be able to directly serve customers instead of working as just a loan-service provider (LSP).

Jupiter is expected to play in longer tenure loans ranging from 3 to 24 months, with higher ticket sizes of Rs 75,000 to Rs 1 lakh.

Founder of Bengaluru-based Amica Financial Technologies Ltd : Jitendra Gupta

8) Answer: C

Bank of India increased interest rates on special term deposits known as “ShubhArambh Deposits” for 501 for deposits under Rs 2 crore.

Following the revision, the bank offered a rate of interest of 7.80% in a limited period special scheme to super senior citizen customers.

The deposit scheme aims to provide a safe investment option and is also available to other senior citizens aged 60-80 at the rate of 7.65%.

Bank of India is also offering attractive interest rates across other tenures ranging from 7 days to 10 years.

The deposits with terms from 7 days to 10 years will get interest rates up to 7.40% for super senior citizens and up to 6.75% for regular customers.

The revised interest rates are applicable for domestic, NRO and NRE deposits.

9) Answer: D

The Ministry of Housing and Urban Affairs launches the ‘City Beauty Competition’ portal.

In this competition, the country’s Urban Local Bodies (ULBs) can participate.

The competition aims to encourage and recognize the transformative efforts made by cities and wards across the country to create beautiful, innovative and inclusive public spaces.

Under this competition, the wards and public spaces of the cities will be assessed under five broad pillars viz (i) accessibility (ii) amenities (iii) activities (iv) aesthetics and (v) ecology.

The competition will help to honor the most beautiful wards and public spaces in towns and cities.

The selected wards will be awarded at the city and state levels under four categories viz. waterfronts, green spaces, tourist/ heritage sites and market/ commercial sites will be awarded at the state level first.

Thereafter some shortlisted entries will also be considered for national-level awards.

The competition provides an exclusive opportunity for wards and cities to showcase their efforts towards creating beautiful public spaces.

10) Answer: B

Prime Minister Shri Narendra Modi inaugurated 91 new FM Transmitters, which is expected to give a further boost to radio connectivity in the country.

This will strengthen FM radio connectivity in 85 districts across 18 States and 2 Union Territories and will benefit aspirational districts and border areas

He said the districts covered under the new 91 FM transmitters are aspirational districts and blocks and will also greatly benefit the North East region.

The States and UTs covered under this expansion include Bihar, Jharkhand, Odisha, West Bengal, Assam, Meghalaya, Nagaland, Haryana, Rajasthan, Uttar Pradesh, Uttarakhand, Andhra Pradesh, Kerala, Telangana, Chhattisgarh, Gujarat, Madhya Pradesh, Maharashtra, Ladakh, and Andaman & Nicobar Islands.

It will result in the expansion of coverage in about 35,000 sq km area.

11) Answer: B

Central government employees will now get 42 days of special casual leave for organ donation from 30 days at present.

An official memorandum (OM) issued by the Department of Personnel and Training (DoPT) said, “Organ removal from a donor is a major surgery, which requires time for recovery, including both hospitalisation and post-hospitalisation periods.

Presently, rules say maximum of 30 days can be granted as Special Casual Leave in any one calendar year.

The new mechanism has been made effective from the issue of OM, which is April 25, 2023.

These orders shall be applicable to Government employees appointed to the civil services and posts in connection with the affairs of the Union of India in terms of Rule 2 of the CCS (Leave) Rules, 1972.

This means new leave will not be applicable for railway servants, members of the All India Services, persons in casual or daily-rated or part-time employment etc.

12) Answer: E

An Odisha-born entrepreneur in the United Kingdom (UK), Biswanath Patnaik, has pledged about Rs 250 crores to a UK-based charitable organisation Shree Jagannatha Society (SJS) UK, working on constructing the UK’s first temple devoted to Bhagwan Jagannath in London.

The first construction phase is projected to be finished by the end of 2024.

The global Indian investor Biswanath Patnaik made the pledge at the first Shree Jagannatha Convention held in London.

The investor and chairman of FINNEST Group, Biswanath Patnaik, has pledged to donate the amount for construction of the temple.

The Shree Jagannath Temple of Puri is an important Hindu temple dedicated to Lord Jagannath, a form of Vishnu, in Puri in the state of Odisha on the eastern coast of India.

13) Answer: A

Prime Minister Shri Narendra Modi laid the foundation stone for India’s first third generation Digital Science Park being developed by the Kerala government.

The Rs 1,515 crore Digital Science Park project will be spread across an area of around 14 acres near Kerala University of Digital Sciences Innovation and Technology.

The park is coming up at a 13.93 acre site as part of the Technopark Phase IV-Technocity and is located close to the Kerala University of Digital Sciences Innovation and Technology.

The Kerala government has already allocated Rs 200 crore for the initial work on the park.

As a third generation Science Park, the Digital Science Park will house common facilities to support the development of products in the area of Industry 4.0 Technologies like AI, data analytics, cyber security, smart materials etc.

Earlier, PM Modi flagged off Kerala’s first Vande Bharat Express which will run from Thiruvananthapuram to Kasargod.

14) Answer: C

Britain named Anne Keast-Butler as the first female director of its intelligence communications agency GCHQ, tasked with protecting the country from terrorists, cyber-criminals and malign foreign powers.

She will take over the role in May,2023 succeeding Jeremy Fleming who is stepping down after a six-year tenure.

As the director, Keast-Butler will be responsible for protecting the country against terrorism, cybercrime, and foreign threats.

Currently, she is  deputy director general at Britain’s domestic intelligence agency, known as MI5.

Stella Rimington became the first woman to lead MI5 in 1992 and was said to have inspired the casting of Judi Dench in the role of “M”, head of Britain’s foreign intelligence service known as MI6, in the James Bond movies a couple of years later.

15) Answer: E

Madhavarao is set to be the next Chairman & Managing Director (CMD) of Bharat Dynamics Limited (BDL), a public sector undertaking (PSU) under the Ministry of Defence (MoD).

He has been recommended for the post by the Public Enterprises Selection Board (PESB) panel.

Currently, he is serving as Director (Technical) in BDL.

16) Answer: B

Neeli Bendapudi, the Indian American president of Penn State University, will receive this year’s prestigious Immigrant Achievement Award for her contributions to higher education in the US.

Bendapudi was appointed the 19th President of Penn State University in 2022. Earlier, she was the President of University of Louisville from 2018 to 2021.

The award is presented each year to an individual or organisation that exhibits a commitment and dedication to America’s heritage as a nation of immigrants and advocacy for humane immigration policy.

17) Answer: A

For the third year in a row, Tamil Nadu has topped the list of States with the highest market borrowings.

According to RBI data, Tamil Nadu’s gross market borrowings through State Development Loans (SDLs) stood at ₹68,000 crore during April-February FY23.

It was followed by Andhra Pradesh and Maharashtra with ₹51,860 crore and ₹50,000 crore in gross market borrowings, respectively.

Tamil Nadu stood on top of the borrowing table in the previous two fiscals too.

The State borrowed ₹87,977 crore in FY21 and ₹87,000 crore FY22.

However, it is to be noted that for the full FY23, the State’s borrowings are likely to be slightly lower in FY23 compared with the previous two fiscals.

However the State’s total debt as a percentage of GSDP (Gross State Domestic Product) is well within the limit set by Finance Commission.

However, not all States were able to clamp down on their borrowings.

18) Answer: D

Amitav Ghosh authored a book titled ‘Smoke and Ashes’, which will be released on 15 July 2023.

‘Smoke and Ashes’ is about the opium trade’s effect on world history and how it continues to hugely impact our lives today.

This book explains how India became the world’s largest producer of opium between the 18th and 19th centuries.

It also gives an insight into the various regions in which opium was produced.

It gives an insight into the transformative impact of the opium trade on India, China, Britain and the United States.

It has been published by HarperCollins.

19) Answer: C

Arjuna Awardee and Padma Shri boxing champion Kaur Singh passed away at the age of 74 in Haryana’s Kurukshetra.

About Kaur Singh :

Kaur Singh racked up 6 gold medals in international competitions, which included the Asian Games in 1982.

He represented India in the Los Angeles Olympics in 1984.

He had the distinction of being the only Indian boxer to have fought the legendary Muhammad Ali that took place in New Delhi.

Awards & Honors :

In 1982, he won a gold medal at the heavyweight category Asian Games held at New Delhi & in the same year, he received the Arjuna Award, India’s second-highest sporting honour of India by the Ministry of Youth Affairs and Sports.

In 1983, Government of India (GoI) awarded Singh with the Padma Shri award, the fourth-highest civilian award of the Republic of India for outstanding contribution to Indian sports.

In 1988, he was given the Vishisht Seva Medal by the Indian Army for his exemplary service.

20) Answer: D

Labour Day, also known as May Day or Worker’s Day, is celebrated on May 1 to recognize and appreciate the invaluable contributions made by the labour class.

The origin of Labour Day dates back to the 19th century in the United States, where the eight-hour day movement was launched to advocate for an eight-hour workday, eight hours of recreation, and eight hours of rest.

The concept of Labour Day in the United States dates back to the nationwide strike of 1886 for an eight-hour workday, which commenced on May 1 and culminated in the tragic Haymarket affair in Chicago, where a labour protest gathering turned violent after a bomb was thrown at the police, killing seven officers and four bystanders.

In India, the first Labour Day was celebrated on May 1, 1923, in Madras.

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Daily Current Affairs Quiz – 30th April & 01st May 2023

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