Home » Daily Current Affairs Quiz – 05th July 2023

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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2023 of 05th July 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) SBI has launched its upgraded digital banking application, ‘YONO for Every Indian’, and introduced the ICCW facilities.What does ‘I’ denote in ICCW?

(a) International

(b) Increasable

(d) Individual

(e) Indian

2) To which of the following IIT has the State Bank of India granted Rs. 22.5 Crore to strengthen its data analytics & Artificial Intelligence Capabilities?

(a) IIT Kanpur

(b) IIT Mandi

(d) IIT Madras

(e) IIT Gandhinagar

3) Which bank has partnered with National E-Governance Services Limited (NeSL) to unveil new services under its digital transformation initiative – Project WAVE?

(a) UCO Bank

(b) HDFC Bank

(d) Union Bank of India

(e) Bank of India

4) The Capital market regulator Securities and Exchange Board of India (SEBI) has imposed a fine of __________on Anil Agarwal-owned Vedanta Limited.

(a) Rs 45 lakhs

(b) Rs 30 lakhs

(d) Rs 15 lakhs

(e) Rs 60 lakhs

5) Consider the following statement/s regarding theSai Hira Global Convention Centre inauguration. Which of the following statement is/are incorrect?

(i) The Prime Minister, Shri Narendra Modi inaugurated Sai Hira Global Convention Centre in Puttaparthi, Andhra Pradesh via video conferencing.

(ii) The Prime Minister lauded the theme of the event – ‘Practice and Inspire’ and called it effective as well as relevant.

(iii) The Prime Minister underlined that India has now become one of the top 10 economies in the world which supports the third-largest startup ecosystem in the world.

(a) Only (i)

(b) Both (i) and (ii)

(d) Both (ii) and (iii)

(e) All (i), (ii) and (iii)

6) The Union Minister for Road Transport and Highways Nitin Gadkari inaugurated and laid the foundation stone of 11 NH projects worth Rs 5600 Crore in______________.

(a) Rampur, Uttar Pradesh

(b) Pune, Maharashtra

(d) Pratapgarh, Rajasthan

(e) Jamnagar, Gujarat

7) Which city hosted the G-20 Research and Innovation Initiative Gathering (RIIG) Summit and Research Ministers’ Meeting?

(a) Bengaluru

(b) Chennai

(d) Lucknow

(e) New Delhi

8) Ajit Pawar has been elected as the second Deputy Chief Minister of Maharashtra. Who is the current deputy Chief Minister of Maharashtra?

(a) Sanjay Raut

(b) Uddhav Thackeray

(d) Eknath Shinde

(e) Bal Thackeray

9) Recently in July 2023, Prime Minister Narendra Modi chaired a meeting of his Council of Ministers in __________.

(a) Pune

(b) Lucknow

(d) New Delhi

(e) Mumbai

10) Consider the following statement regarding the PM-PRANAM scheme. Which of the following statement is incorrect?

(a) The Cabinet Committee on Economic Affairs (CCEA) has recently approved the PM-PRANAM scheme with a total outlay of ₹3,70,128.7 crore for three years ending March 2027.

(b) The PM-PRANAM scheme will try to conserve the soil by promoting sustainable and balanced use of fertilizers.

(d) The Centre would incentivise those States which would adopt alternative fertilizers using the amount of subsidy that was saved by reducing the use of chemical fertilizers.

(e) At present, the MRP of urea is Rs.242 per 45 kg bag of urea (exclusive of charges towards neem coating and taxes as applicable), whereas the actual cost of the bag comes to around Rs. 2200.

11) Which Ministry has approved the proposal for “critical care and support for accessing justice to rape/gang rape survivors and minor girls who get pregnant”?

(a) Ministry of Rural Development

(b) Ministry of Education

(d) Ministry of Women and Child Development

(e) Ministry of Health and Family Welfare

12) Which country has rejoined as a member of the United Nations Cultural and scientific agency, United Nations Educational, Scientific and Cultural Organization (UNESCO) after 5 years?

(a) UK

(b) France

(d) India

(e) Germany

13) Which became the first country to ban the thin plastic bags that supermarket customers use to collect their fruit and vegetables?

(a) France

(b) Canada

(d) Germany

(e) New Zealand

14) Recently in July 2023, which country has launched the “digital nomad strategy” which will make temporary arrangements for foreigners looking for jobs?

(a) Australia

(b) Canada

(d) Switzerland

(e) Hungary

15) According to a World Bank and World Trade Organization (WTO) report, India has doubled its share of global commercial services exports to __________ in 2022 from 2 per cent in 2005.

(a) 5.4 per cent

(b) 4.8 per cent

(d) 7.4 per cent

(e) 4.4 per cent

16) Consider the following statement/s regarding GST appellate tribunals. Which of the following statement is/are correct?

(i) As per data, currently, only 40 per cent of the corporate income taxpayer base is also registered under GST.

(ii) Goods and Services Tax (GST) revenue buoyancy, which was 1.25 after the introduction of the indirect tax regime in 2017, has risen to 1.40 in the last two years.

(iii) Average monthly GST revenue increased from Rs 89,885 crore in 2017-18 to Rs 1.50 lakh crore in 2022-23.

(a) Only (i)

(b) Only (i) and (ii)

(d) Only (ii) and (iii)

(e) All (i), (ii) and (iii)

17) As per the recent report in July 2023, which of the following state emerged as India’s top electronics exporter?

(a) Goa

(b) Chandigarh

(d) Tamil Nadu

(e) Mizoram

18) Qu Dongyu has been re-elected for a second term as head of which of the following organisation?

(a) UNEP

(b) UNDP

(d) FAO

(e) UNICEF

19) Which bank has appointed Debadatta Chandas its Managing Director (MD) and Chief Executive Officer (CEO)?

(a) State Bank of India

(b) HDFC Bank

(d) Union Bank of India

(e) ICICI Bank

20) Which of the following Indian Naval Ships undertook a Maritime Partnership Exercise (MPX) with French Navy ship FS Surcouf in the Bay of Bengal along the coast of Visakhapatnam, Andhra Pradesh?

(a) INS Sumedha

(b) INS Rana

(d) All of the above

(e) Only A and B

Answers :

1) Answer: C

As a part of the 68th Bank Day celebrations, the State Bank of India (SBI) has launched its upgraded digital banking application, ‘YONO (You Only Need One) for Every Indian’, and introduced the Interoperable Cardless Cash Withdrawal (ICCW) facilities.

The YONO app has been revamped, keeping in mind the expectations of customers for a seamless and pleasant digital experience.

This will further fulfil the goal of making the ‘YONO for Every Indian’ mission a reality.”

2) Answer: C

On the occasion of 68th Foundation Day of the State Bank of India (SBI), the bank through its CSR arm SBI Foundation, has pledged a grant of ₹22.5 Crores to establish a Banking Data and Analytics Hub at the Indian Institute of Technology, Bombay (IIT-B).

The focus of the Hub will be to address the unique challenges faced by the Indian banking and financial services sector.

The collaboration aims to leverage SBI’s extensive experience in banking and IIT Bombay’s research expertise.

3) Answer: C

Public sector lender Indian Bank in collaboration with National E-Governance Services Limited (NeSL), has unveiled new services under its digital transformation initiative – Project WAVE (world of advanced virtual experiences)

In January 2022, the process of digitization under Project WAVE was first launched.

Key Highlights :

As part of the digital transformation initiative, the Indian bank & NeSL has introduced an electronic bank guarantee (e-BG) service to ease traditional paper-based processes.

This move is expected to significantly reduce the turnaround time for issuing and delivering bank guarantees from the industry average of 3-4 working days to just a few minutes.

4) Answer: B

The Capital market regulator Securities and Exchange Board of India (SEBI) has imposed a fine of Rs 30 lakhs on Anil Agarwal-owned Vedanta Limited.

The fine has been slapped for the failure to provide correct disclosures, including misrepresentation on the company’s website.

In March,2023 the Securities and Exchange Board of India (SEBI) issued a show cause notice to Vedanta Ltd.

In September 2021, Vedanta Ltd issued a press release stating that “Vedanta signs Memorandum of Understanding (MoUs) with Gujarat Government to set up semiconductors and display fab units”.

5) Answer: C

The Prime Minister, Shri Narendra Modi inaugurated Sai Hira Global Convention Centre in Puttaparthi, Andhra Pradesh via video conferencing.

The inauguration ceremony witnessed the presence of prominent dignitaries and devotees from around the world.

The Prime Minister lauded the theme of the event – ‘Practice and Inspire’ and called it effective as well as relevant.

Shri Modi emphasized the importance of good conduct by the leaders of the society as society follows them.

The Prime Minister continued, whereas there is rejuvenation of the places of spiritual significance, India is also leading in technology and economy.

The Prime Minister underlined that India has now become one of the top 5 economies in the world which supports the third-largest startup ecosystem in the world.

India is competing with the leading nations in the world in sectors like digital technology and 5G.

6) Answer: D

Union Minister for Road Transport and Highways Shri Nitin Gadkari inaugurated and laid the foundation stone of 11 NH projects worth Rs 5600 Crore in Pratapgarh, Rajasthan.

The foundation stone of 7 projects costing Rs 1850 crore and a total length of 221 km was also laid.

These projects will provide direct connectivity from the famous religious place Nathdwara to Udaipur airport.

The construction of the Pratapgarh bypass will reduce the traffic pressure inside the city.

With the construction of the road from Raas to Biaora, the vehicles going towards Bhilwara will be facilitated.

7) Answer: C

Mumbai host the G-20 Research and Innovation Initiative Gathering (RIIG) Summit and Research Ministers’ Meeting from the 4th to 5th July 2023.

Union Minister of State (Independent Charge) for Science and Technology Dr Jitendra Singh will chair the G-20 Research Ministers’ Meeting (RMM) on 5th July 2023.

A total of about 107 foreign delegates including Research Ministers from 29 G-20 members, guest countries and international organizations are likely to participate in the meeting.

The RIIG Summit is taking place tomorrow, that is, on 4th July 2023, in Mumbai and will be chaired by the Secretary, Department of Science and Technology (DST), Dr Srivari Chandrasekhar.

India has taken forward the Research and Innovation Initiative (RIIG) during its Presidency in 2023 under the theme “Research and Innovation for Equitable Society”.

A total of 5 RIIG meetings were hosted by India this year under the theme “Research and Innovation for Equitable Society”.

The RIIG Inception Meeting was held at Kolkata, followed by four thematic conferences in

8) Answer: C

Nationalist Congress Party (NCP) leader Ajit Pawar, took oath as Maharashtra’s second deputy chief minister with Chief Minister Eknath Shinde and existing Deputy Chief Minister Devendra Fadnavis in attendance.

Earlier, Ajit Pawar resigned as Leader of the Opposition after a meeting with NCP MLAs.

Ajit Pawar joined Eknath Shinde-led Shiv Sena and the BJP government in Maharashtra.

Now, Maharashtra will have two deputy chief ministers.

Devendra Fadnavis is the other deputy chief minister.

Along with Ajit Pawar, 8 other NCP Leaders also took oath as ministers.

9) Answer: D

Prime Minister Narendra Modi will chair a meeting of his Council of Ministers in New Delhi.

According to sources, the meeting is likely to be held at the newly-built convention centre at Pragati Maidan in the national capital, which will host the G20 summit in September.

This is going to be the second meeting of the Union Council of Ministers.

In January, before the presentation of the Union Budget, the Prime Minister held such a meeting.

The meeting has been called after senior BJP leaders met at the Prime Minister’s residence to discuss the party’s strategy for the 2024 Lok Sabha elections.

10) Answer: A

The Cabinet Committee on Economic Affairs (CCEA) has recently approved the PM-PRANAM scheme with a total outlay of ₹3,70,128.7 crore for three years ending March 2025.

PM-PRANAM will promote the use of nutrient-based, biofertilizers for sustainable agriculture.

The name of the scheme stands for PM Programme for Restoration, Awareness, Generation, Nourishment and Amelioration of Mother Earth.

The PM-PRANAM scheme will try to conserve the soil by promoting sustainable and balanced use of fertilizers.

The Centre would incentivise those States which would adopt alternative fertilizers using the amount of subsidy that was saved by reducing the use of chemical fertilizers.

The scheme includes various schemes which can boost farmers’ income, strengthen natural or organic farming, rejuvenate soil productivity, and ensure food security.

The Sulphur coated Urea (Urea Gold) is being introduced in the country for the first time under this scheme.

The scheme will not have a separate budget.

It will be financed by the savings of existing fertiliser subsidies under schemes run by the Department of Fertilisers.

At present, the MRP of urea is Rs.242 per 45 kg bag of urea (exclusive of charges towards neem coating and taxes as applicable), whereas the actual cost of the bag comes to around Rs. 2200.

By 2025-26, eight Nano urea plants with a production capacity of 44 Crore bottles equaling 195 LMT of conventional urea will be commissioned.

11) Answer: D

The Union Government launched a scheme for pregnant minor rape victims.

A scheme for providing shelter, food and legal aid to pregnant minor victims of sexual assault, who have no family support, has been launched by Union Minister Smriti Irani.

Women and Child Development Ministry have approved the proposal for “critical care and support for accessing justice to rape/gang rape survivors and minor girls who get pregnant”.

It has been launched with an outlay of Rs 74.10 crore and becomes applicable across the country very soon.

The government will also provide medical infrastructural support, apart from financial support to victims.

Under this scheme, minor girls who have been abandoned by their families due to forced pregnancy, either due to rape or gang rape or due to any other reason will get support.

NCRB reported 51, 863 cases under the POCSO Act in 2021.

12) Answer: C

The United States of America (USA) rejoined as a member of the United Nations cultural and scientific agency, United Nations Educational, Scientific and Cultural Organization (UNESCO) after 5 years.

In 2017, the USA, during the presidency of Donald Trump decided to withdraw from UNESCO.

The Biden administration has also requested $150 million for the 2024 budget to fulfil UNESCO dues and arrears, with similar requests anticipated in subsequent years until the total debt of $619 million is cleared.

13) Answer: E

New Zealand has become the first country to ban the thin plastic bags that supermarket customers use to collect their fruit and vegetables.

The ban is also applicable to plastic straws and silverware.

Key Highlights :

The New Zealand government started a campaign against single-use plastics in 2019.

The government is now expanding this campaign.

In 2019, the government banned the thicker plastic shopping bags that were used by customers to carry home their grocery items.

14) Answer: B

Canada launched the “digital nomad strategy” which will make temporary arrangements for foreigners looking for jobs.

Aim :

To attract talented individuals from around the world.

The announcement was made during Collision’s technical conference in Toronto.

About digital nomad strategy :

The digital nomad strategy” will allow workers with a foreign employer to stay and work in Canada for up to 6 months.

If they get a job offer then an individual can remain in Canada for longer.

The strategy focuses primarily on the technology industry, recognizing its importance in driving innovation and economic growth.

15) Answer: E

India has doubled its share of global commercial services exports to 4.4 per cent in 2022 from 2 per cent in 2005, according to a World Bank and World Trade Organization (WTO) report.

The report titled ‘Trade in development services’ said that in India, South Africa and Türkiye, jobs directly linked to cross-border services exports account for more than 10 per cent of total services sector jobs.

India has become a popular destination for medical travel, and hosted around 3.5 million foreign patients from 2009 to 2019,” the report said.

According to the report, foreign patients from developed countries such as the United Kingdom and the United States, as well as from developing countries such as Bangladesh, Nepal and Sri Lanka visit India in search of less costly, high-quality treatment.

16) Answer: E

The Centre will soon notify rules for setting up GST appellate tribunals and appoint members after approval from the GST Council.

Central Board of Indirect Taxes and Customs (CBIC) member (GST) Shashank Priya said the department is working to expand the taxpayer base and doing data triangulation with the corporate taxpayers in the income tax regime.

As per data, currently, only 40 per cent of the corporate income taxpayer base is also registered under GST.

As many as 1.39 crore businesses are registered under GST, almost double the number when GST has launched six years ago on July 1, 2017.

Goods and Services Tax (GST) revenue buoyancy, which was 1.25 after the introduction of the indirect tax regime in 2017, has risen to 1.40 in the last two years.

Average monthly GST revenue increased from Rs 89,885 crore in 2017-18 to Rs 1.50 lakh crore in 2022-23.

In 2023-24, the average revenue stands at Rs 1.69 lakh crore per month.

17) Answer: D

Tamil Nadu’s electronics exports nearly tripled in one year to $5.37 billion in FY23 from $1.86 billion in the previous year.

From the fourth spot in FY22, Tamil Nadu moved to the top spot in FY23.

Companies like Tata Electronics and Pegatron starting production have helped Tamil Nadu overtake three states – Uttar Pradesh, Karnataka and Maharashtra – to become India’s top exporter of electronic goods in FY23.

Tamil Nadu retained the top spot in the first two months of the current fiscal year.

In 2020-21, of India’s total electronics goods export of $15.59 billion, Tamil Nadu’s share was 11.98 per cent.

However, this zoomed to 22.83 per cent, out of a total value of $23.57 billion, according to Central government data.

In the current fiscal, Tamil Nadu continued to top the trend by being the top exporter, followed by Karnataka and Uttar Pradesh.

In FY23, Tamil Nadu exported electronic goods worth $5.37 billion, while Uttar Pradesh was second with $4.90 billion and Karnataka third with $4.52 billion.

In FY22, Karnataka was the top exporter of electronic goods with $3.87 billion; Uttar Pradesh was second with $3.77 billion; Maharashtra was third with $2.08 billion.

18) Answer: D

The head of the United Nations (UN) Food and Agriculture Organization (FAO), Qu Dongyu, was re-elected for a second term as head of the FAO.

Qu, will serve a new four-year term from August 1, 2023.

FAO directors can hold the role for a maximum of two consecutive terms.

He was the only candidate standing for the role of FAO Director-General, and received 168 out of 182 votes in a ballot in Rome, Italy.

19) Answer: C

Debadatta Chand has taken charge as the managing director (MD) and chief executive officer (CEO) of the Bank of Baroda.

His appointment follows superannuation of Sanjiv Chadha.

About Debadatta Chand :

Chand began his career in 1994 as an officer at Allahabad Bank and later worked as a manager at the Small Industries Development Bank of India (SIDBI) from 1998 to 2005.

In 2005, he joined Punjab National Bank (PNB) as chief manager and progressed to the position of chief general manager.

20) Answer: E

Indian Naval ships (INS) Rana and INS Sumedha undertook a Maritime Partnership Exercise (MPX) with French Navy ship FS Surcouf in the Bay of Bengal along the coast of Visakhapatnam, Andhra Pradesh (AP).

INS Rana, a guided missile destroyer and INS Sumedha, an indigenously built offshore patrol vessel were from the Indian Navy side.

The French Navy’s La Fayette class frigate Surcouf participated in a variety of activities with Indian Navy ships.

The Exercise included tactical manoeuvres, replenishment at sea approaches, air defence against fighter aircraft and cross-deck helicopter operations.

The Partnership Exercise signifies the strong navy-to-navy links, interoperability and strong bonds between Indian Navy and French Navy.

Daily Current Affairs Quiz – 05th July 2023

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