Daily Current Affairs Quiz – 30th May 2023

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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2023 of 30th 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 of the following bank has been empanelled as a Clearing and Settlement Bank with the Indian Clearing Corporation Ltd (ICCL)?

(a) Punjab and National Bank

(b) Bank of Baroda

(d) UCO Bank

(e) State Bank of India

2) Which of the following organisation has announced its plans to introduce insurance products for the livestock, aquaculture, and sericulture sectors?

(a) National Bank for Agriculture and Rural Development

(b) Agriculture Insurance Company of India

(d) Food Corporation of India

(e) Food Safety and Standards Authority of India

3) Life Insurance Corporation of India (LIC) cut its holding in National Hydroelectric Power Corporation (NHPC) to ________ in the March quarter from 3.48% in the preceding quarter.

(a) 3.19%

(b) 2.43%

(d) 3.67%

(e) 5.76%

4) The Union Government has approved a digital communication system between banks and CEIB to check Loan Defaults. Under this, CEIB will send a report digitally regarding borrowers to the PSU banks for a loan amount of Rs 50 crore or higher at the pre-approval stage within ______ of request.

(a) 10 days

(b) 30 days

(d) 15 days

(e) 45 days

5) The longest sea link in India, the Mumbai Trans Harbour Link Road set to be open in November 2023.It starts from Sewri in Mumbai to ______in Navi Mumbai.

(a) Airoli

(b) Nagaon

(d) Vindhane

(e) Chirle

6) Which of the following ministry has recently released a new set of rules under the Special Protection Group Act, 1988 (34 of 1988)?

(a) Ministry of Home Affairs

(b) Ministry of Statistics and Programme Implementation

(d) Ministry of Rural Development

(e) Ministry of Health and Family Welfare

7) Mount Etna was recently seen in the news. Where is Mount Etna located?

(a) Russia

(b) Netherlands

(d) Italy

(e) Singapore

8) As a part of the efforts of the two countries to enhance bilateral ties, Australia will now open a new Consul-General in ______________.

(a) Hyderabad, Telangana

(b) Mumbai, Maharashtra

(d) Ahmedabad, Gujarat

(e) Bengaluru, Karnataka

9) Recently, which state government has unveiled the new scheme named Mukhyamantri Seekho-Kamao Yojana (CM Learn and Earn Scheme) for unemployed youth?

(a) Assam

(b) Bihar

(d) Madhya Pradesh

(e) Rajasthan

10) Rajasthan Chief Minister Ashok Gehlot has virtually inaugurated ‘Jungle Safari’ at__________________.

(a) Sariska Tiger Reserve

(b) Keoladeo National Park

(d) Jaisamand Wildlife Sanctuary

(e) Desert National Park

11) SKOCH SILVER Award 2023 presented to the Department of Animal Husbandry and Fisheries, Chandigarh. When was SKOCH Award established?

(a) 2010

(b) 2007

(d) 2001

(e) 2003

12) Which of the following company has rolled out ‘My Fashion GPT’, a search feature powered by Chat GPT?

(a) Nykaa

(b) AJIO

(d) Myntra

(e) LimeRoad

13) Which company became the first trillion-dollar chip firm after a stellar forecast?

(a) Asus

(b) Nvidia

(d) Tesla

(e) Qualcomm

14) According to the Third Advance Estimates of Production of major crops for the agricultural year 2022-23, the Ministry of Agriculture and Farmers’ Welfare Foodgrains production in the country in 2022-23 is estimated at _________ tonnes,

(a) 242.53 million

(b) 330.53 million

(d) 256.53 million

(e) 413.53 million

15) According to the NITI Aayog’s annual ‘State Health Index’ (5th edition) for the Covid year of 2020-21, which state emerged as the top performers among the ‘larger states’?

(a) Andhra Pradesh

(b) Bihar

(d) Madhya Pradesh

(e) Kerala

16) Who has been elected as the new Prime Minister of Greece?

(a) Sandra Ribelaygue

(b) Ioannis Sarmas

(d) Jean Castex

(e) Bruno Le Maire

17) Who has been appointed as the Chief Justice of the Madras High Court?

(a) Sanjay Vijaykumar Gangapurwala

(b) Harish Madhav

(d) Ann Mariya

(e) Sujoy Lal Thaosen

18) Who has been appointed as a member of the Advisory Committee to the President of the 28th Session of the Conference of the Parties (COP28) to UNFCCC?

(a) Azim Premji

(b) Mukesh Ambani

(d) Cyrus Mistry

(e) Akash Ambani

19) Which company has appointed former Google executive Narayan Gangadhar as Chief Executive Officer (CEO)?

(a) 5paisa

(b) Angel One

(d) Kotak Securities

(e) India Infoline

20) ISRO has partnered with the Raman Research Institute (RRI)to build the X-Ray Polarimeter Satellite (XPoSat). Where is the headquarters of Raman Research Institute located?

(a) Hyderabad, Telangana

(b) Mumbai, Maharashtra

(d) Surat, Gujarat

(e) Bengaluru, Karnataka

Answers :

1) Answer: C

Indian Bank has been empanelled as a Clearing and Settlement Bank with the Indian Clearing Corporation Ltd (ICCL).

Mahesh Kumar Bajaj, Executive Director, Indian Bank exchanged the agreement with Devika Shah, Managing Director (MD) & Chief Executive Officer (CEO) of ICCL to formalise Bank’s empanelment at a recently held event.

The public sector bank can now facilitate banking services to members of BSE (formerly Bombay Stock Exchange) for
clearing and settlement operations.

The Indian Bank also launched the electronic term deposit receipt (e-TDR) product for online transmission of fixed term receipts (FDR) and margin with ICCL on behalf of the clearing members with its dedicated branch – Fort, Mumbai, Maharashtra.

2) Answer: B

Agriculture Insurance Company of India (AIC) has announced its plans to introduce insurance products for the livestock, aquaculture, and sericulture sectors, following the approval and licensing received from the Insurance Regulatory and Development Authority of India (IRDAI).

AIC already has a 50% market share in the crop insurance market under Pradhan Mantri Fasal Bima Yojana (PMFBY) scheme which is run by the Centre and state governments.

In the PMFBY scheme, farmers are required to pay a portion of the premium, while the remaining amount is divided equally between the Central and State governments.

For the Kharif season, farmers contribute 2.5% of the premium, while during the rabi season, they pay only 1.5%.

3) Answer: A

Life Insurance Corporation of India (LIC) cut its holding in National Hydroelectric Power Corporation (NHPC) to 3.19% in the March quarter from 3.48% in the preceding quarter.

LIC stated in its official report that it sold shares worth ₹832.8 crore between October 18, 2022 and May 23, 2023.

LIC disclosed that its ownership in NHPC Ltd has decreased from 522.6 million to 319.9 million shares.

This reduction means LIC’s ownership has gone down from 5.203% in October to 3.19% , as reported by LIC in a regulatory filing.

4) Answer: D

According to reports, the Union government has ended the paper-based communication system & introduced a digital communication mechanism between Public Sector Undertakings (PSU) banks & the Central Economic Intelligence Bureau (CEIB) to check Loan Defaults.

Under this, CEIB will send a report digitally regarding borrowers to the PSU banks for a loan amount of Rs 50 crore or higher at pre-approval stage within 15 days of request.

Key Highlights :

At present it is mandatory for all the government holding banks to furnish a report from CEIB regarding the loan seekers of Rs 50 crore or more and those who have a pending default, before processing any loans.

Under the new system the government has introduced a digital system to streamline the process of communication between banks and the CEIB.

The new system will require banks to submit their requests to CEIB through dedicated emails in a specific format.

5) Answer: E

The Mumbai Trans Harbour Link Road, the longest sea link in India, is nearing completion, and will likely be open to the public by November 2023.

It starts from Sewri in Mumbai to Chirle in Navi Mumbai.

The 22-km-long sea link is the longest in the country and the tenth longest in the world.

The project cost is Rs 17,843 crore.

The sea link passes through one of the busiest navigational channels leading to Nhava Sheva Port.

Orthotropic Steel Decks are special steel decks that enable a span (distance between two piers) that is up to three times longer than the norm.

This is the first time this technology was used in India. This is used for laying the pile foundation.

MMRDA plans to use High Containment Crash Barriers on the MTHL.

These are special crash barriers that will push the car back on the road in case of a crash.

Normal crash barriers only take the impact of a crash.

6) Answer: A

Ministry of Home Affairs released a new set of rules under the Special Protection Group Act, 1988 (34 of 1988).

Central government will appoint the officers of All India Services to the SPG on deputation on the same terms and conditions as applicable to the officers of the corresponding ranks in the central government.

The SPG will have its headquarters in New Delhi.

Central government shall appoint its director at a level of not less than the additional director general of police from the Indian Police Service.

Till now, it was headed by an officer of the rank of inspector general.

Previously, the position was elevated to the rank of additional director general.

However, there were no fixed rules for this so far.

Other members of the SPG, excluding the All India services officers, shall be appointed on deputation for an initial period of six years.

The members may be appointed for the second tenure with the prior approval of the central government.

The director has powers of general superintendence, direction, command and control, supervision, training, discipline, and administration of the SPG.

7) Answer: D

Mount Etna, Europe’s most active volcano, was erupting, spewing ash on Catania, eastern Sicily’s largest city, and forcing a suspension of flights at that city’s airport.

Italy’s National Institute of Geophysics and Volcanology, or INGV, which closely monitors Etna with instrumentation on the slopes, noted that cloud cover on a rainy day was impeding views of the eruption.

In early 2021, an eruption of the volcano lasted several weeks.

8) Answer: E

Australian Prime Minister (PM) Mr.Anthony Albanese announced that Australia will now open a new Consul-General in Bengaluru, Karnataka in May, 2023 as part of the efforts of the two countries to enhance bilateral ties.

The announcement of setting up a new consulate in Bengaluru has been announced after PM Shri Narendra Modi stated that India will open a consulate in Brisbane.

Key Highlights :

Albanese stated that the opening of the new diplomatic mission in Bengaluru will help in connecting India’s businesses to the fast-growing digital and innovation ecosystem.

In May,2023 the opening of the Consulate General in Bengaluru will be the fifth (5th) diplomatic mission in India.

The others are in New Delhi (Delhi), Mumbai (Maharashtra), Chennai (Tamil Nadu) and Kolkata (West Bengal).

Currently, India has 3 consulates in Sydney, Melbourne and Perth.

Brisbane currently has an Honorary Consulate of India.

Also, both leaders exchanged Memorandum of Understandings (MoUs) on the Mobility, Migration and Green Hydrogen Task Force.

9) Answer: D

The Government of Madhya Pradesh (MP) has unveiled a new scheme named MukhyamantriSeekho-Kamao Yojana (CM Learn and Earn Scheme) for unemployed youth.

Aim :

To provide skill training to the educated youth of MP.

Key Highlights :

After registration of the youth in the scheme, they will get a stipend of Rs 8,000 to 10,000 per month, as financial assistance during the period of skill learning in various establishments.

The scheme has been implemented in MP by providing on-the-job training facilities and at least one lakh youth will be provided training in various establishments.

Eligibility :

Applicant Should be a Permanent Residents of Madhya Pradesh.

The Age of Applicant Should be between 18 Years to 29 Years.

Applicant Should have the Educational Qualification – 12th Pass, ITI Pass, Diploma Holder, Graduate or Higher Degree Holder

10) Answer: D

Rajasthan Chief Minister (CM) Shri Ashok Gehlot virtually inaugurated ‘Jungle Safari’ at Jaisamand Wildlife Sanctuary.

He also addressed the inaugural function of the Peace and Non-violence Cell offices in all districts.

Peace and non-violence are the basis of culture, harmony, and brotherhood.

Rajasthan is the only state where Peace and Non-Violence Department exist.

About Jaisamand Wildlife Sanctuary :

Jaisamand Wildlife Sanctuary is located in the Udaipur district of Rajasthan surrounding Debar Lake.

The sanctuary harbours leopard, sloth bear, chinkara, wild boar, and a number of birds.

It was declared a Wildlife Sanctuary in 1957.

11) Answer: E

Skoch SILVER Award 2023 presented to the Department of Animal Husbandry and Fisheries, Chandigarh.

This award has been given to this department for e-governance in computerized medical records of cattle treatment by the department.

This is the first project of its kind in the country.

This web-based application software caters to the veterinary department of five government veterinary hospitals and nine animal husbandry sub-centres in Chandigarh.

The main objective of this application is to provide facility to the animal parents to register their animals online for services like treatment, vaccination and artificial insemination.

It also includes maintaining all records of veterinary hospitals and sub-centres like OPD, stock books, daily drug expenditure, and artificial insemination.

SKOCH Award was established in 2003.

12) Answer: D

Flipkart group-owned fashion commerce platform Myntra has rolled out ‘MyFashionGPT’, a search feature powered by ChatGPT.

The move aims to help shoppers with better product discovery and drive engagement on the retailer’s app.

Customers can essentially look up curated looks on the app , say by typing keywords such as “airport looks”, and the system is designed to showcase a host of products including apparel, footwear, bags and sunglasses that consumers can choose from.

Recently, the company also announced the launch of MyStylist, an AI-based stylist expert to provide customers with expert styling tips and vernacular search in 11 languages on its platform.

13) Answer: B

Nvidia Corp soared about 25% near a market value of $1 trillion after its stellar forecast showed that Wall Street has yet to price in the game-changing potential of AI spending.

The surge added to a more than twofold rise in the stock this year and was set to increase the chip designer’s value by about $190 billion to nearly $945 billion.

That makes Nvidia twice the size of the second-most valuable chip firm, Taiwan’s TSMC.

Nvidia, the fifth-most valuable US company projected quarterly revenue more than 50% above the average Wall Street estimate and said it would have more supply of AI chips in the second half to meet a surge in demand.

14) Answer: B

According to the Third Advance Estimates of Production of major crops for the agricultural year 2022-23, released by the Ministry of Agriculture and Farmers’ Welfare Foodgrains production in the country in 2022-23 is estimated at 330.53 million tonnes, the highest ever, and a big jump over 315.61 million tonnes recorded in 2021-22.

The government has set wheat production target at 112 million tonnes — the Third Advance Estimates put it at 112.74 million tonnes.

Total rice production in 2022-23 agricultural year is estimated at a record 135.54 million tonnes.

During 2022-23, production of maize in the country is estimated at (record) 35.91 million tonnes.

Total production of pulses during 2022-23 is estimated at 27.50 million tonnes.

Production of soybean and rapeseed and mustard is estimated at 14.97 million tonnes and 12.49 LMT, respectively, during 2022-23.

According to the statement, total production of sugarcane in the country during 2022-23 is estimated at a record 494.22 million tonnes, while cotton production is estimated at 34.347 million bales (of 170 kg each).

15) Answer: E

According to the NITI Aayog’s annual ‘State Health Index’ (5th edition) for the Covid year of 2020-21, the three southern states of Kerala, Tamil Nadu and Telangana emerged as the top performers among the ‘larger states’.

The NITI Aayog is learnt to have shared the report – the Healthy States Progressive India Report on the Ranks of States and Union Territories – with the Health Ministry.

It was launched by the NITI Aayog in 2017 to measure the performance of states and UTs on a weighted composite score incorporating 24 health performance indicators clubbed under three domains.

The Aayog brings out the index (annually) in collaboration with the Union Health Ministry and World Bank.

The objective of this index is to not just look at the states’ historical performance but also their incremental performance.

The index encourages healthy competition and cross-learning among States and UTs and nudges states/UTs towards building robust health systems and improving service delivery through their policymaking and resource allocation.

As a result, the MoHFW had linked the index to incentives under the National Health Mission.

The ‘Health outcomes’ include indicators like neonatal mortality rate, total fertility rate, sex ratio at birth, immunisation coverage, proportion of institutional deliveries, etc.

Top performers: Kerala, Tamil Nadu, and Telangana have secured the top three positions in terms.

Worst performer: Bihar, UP and MP occupy the bottom three positions, ranking 19th, 18th, and 17th, respectively.

16) Answer: B

Ioannis Sarmas, a senior judge, was sworn in as Greece’s caretaker prime minister (PM) to lead the country to a repeat election on June 25, 2023.

Sarmas, 66, took over from centre-right Prime Minister Kyriakos Mitsotakis.

Sarmas will head a 16-member caretaker government, in which a former Greek ambassador to the U.S Vassilios Kaskarelis, will be Foreign Minister.

The key finance ministry will be headed by economist Theodore Pelagidis, deputy governor of Greece’s central bank.

17) Answer: A

President Droupadi Murmu, exercising her powers conferred to her by Clause (1) of Article 217 of the Constitution of India 1950, has appointed Justice Sanjay Vijaykumar Gangapurwala as the Chief Justice of the Madras High Court.

Tamil Nadu (TN) Governor RN Ravi administered the oath of office to the new Chief Justice at the Raj Bhavan.

18) Answer: B

Billionaire Mukesh Ambani has been appointed as a member of the Advisory Committee to the President of the 28th Session of the Conference of the Parties (COP28) to the United Nations Framework Convention on Climate Change (UNFCCC).

The United Arab Emirates (UAE) will host the 28th session of the Conference of Parties (COP 28) to the UNFCCC from November 30, 2023, to December 12, 2023 at Dubai Expo City.

Ambani, the Chairman and Managing Director (CMD) of Reliance Industries, joined the COP28 Advisory Council alongside Larry Fink, Chairman and CEO of BlackRock, Olafur Grimsson, Chairman of Arctic Circle (Former President of Iceland), Laurent Fabius, President of COP21 / Paris Agreement, Former Prime Minister of France, Francesco La Camera, Director General, International Renewable Energy Agency (IRENA), and Bob Dudley, Chair of the Oil and Gas Authority.

Apart from Sunita Narain, Director General of the Centre for Science and Environment, Ambani is the only Indian on the Advisory Committee to the President of COP28.

19) Answer: A

Discount brokerage firm 5paisa Capital Limited (5paisa.com) has appointed former Google executive Narayan Gangadhar as Chief Executive Officer (CEO).

Aim :

To improve its cutting-edge tech platform and accelerate digital transformation.

About Narayan Gangadhar :

Gangadhar has over two decades of experience, mostly with global technology companies like Google, Uber and Amazon.

He started his career with Microsoft and worked in various engineering roles.

In February,2023 he resigned as the CEO of Angel One.

5paisa.com is a leading discount broker with around 35 lakh customers as at the end of March 2023.

In December 2022, 5paisa.com announced the merger of the online retail trading business of IIFL Securities with itself in an all-stock deal, which will add over 15 lakh customers to 5paisa.com’s.

20) Answer: E

The Indian Space Research Organisation (ISRO) is collaborating with the Raman Research Institute (RRI), Bengaluru, Karnataka to build the X-Ray Polarimeter Satellite (XPoSat) that is scheduled to be launched in late 2023.

What is the XPoSat mission?

XPoSat will study various dynamics of bright astronomical X-ray sources in extreme conditions.

It has been billed as India’s first, and only the world’s second polarimetry mission that is meant to study various dynamics of bright astronomical X-ray sources in extreme conditions.

The other such major mission is NASA’s Imaging X-ray Polarimetry Explorer (IXPE) that was launched in 2021.

How are X-Rays witnessed in space?

As NASA explains on its website, X-rays have much higher energy and much shorter wavelengths, between 0.03 and 3 nanometers, so small that some x-rays are no bigger than a single atom of many elements.

The physical temperature of an object determines the wavelength of the radiation it emits.

The hotter the object, the shorter the wavelength of peak emission.

X-rays come from objects that are millions of degrees Celsius such as pulsars, galactic supernova remnants, and black holes.

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Daily Current Affairs Quiz – 30th May 2023

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