Home » Daily Current Affairs Quiz – 13th July 2023

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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2023 of 13th 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) Which organization retained mandatory cession of business in favor of General Insurance Corporation of India at 4% for FY24?

(a) DRDO

(b) IRDAI

(d) BRO

(e) NATO

2) How many State Governments for the respective State Disaster Response Funds (SDRF) received 7532 crore from ministry of finance?

(a) 23

(b) 25

(d) 18

(e) 22

3) SBI Cards & Payment Services (SBI Card), has appointed Abhijit Chakravorty as its new Managing Director (MD) and Chief Executive Officer (CEO) for how many years?

(a) 3

(b) 5

(d) 1

(e) 7

4) Union Minister for Health and Family Welfare, Mansukh Mandaviya inaugurated the Swasthya Chintan Shivir at which Indian state?

(a) Chattisgarh

(b) Haryana

(d) Maharashtra

(e) Tripura

5) Recently in July 2023,GST rates on uncooked, unfried extruded snack pallets have been brought down from 18 per cent to ______ percent.

(a) 5

(b) 6

(d) 10

(e) 8

6) With which country India had conducted ‘Operation Broader Sword’ to prevent illegal drugs shipment?

(a) Russia

(b) China

(d) USA

(e) UAE

7) India and which country started trade settlements in local currencies announced by External Affairs Minister S Jaishankar?

(a) Afghanistan

(b) China

(d) Tanzania

(e) Algeria

8) Which organisation has signed a memorandum of understanding with the Climate Policy Initiative to work together on sustainable finance?

(a) IRDAI

(b) NHAI

(d) IFO

(e) IAEA

9) International Financial Services Centers Authority (IFSCA) and IIML-EIC (Enterprise Incubation centre), have signed a MoU at which state in India?

(a) Uttar Pradesh

(b) Andhra Pradesh

(d) Arunachal Pradesh

(e) Rajasthan

10) Name the person, who ranked 50th in the Forbes list of America’s 100 most successful self-made women?

(a) Neerja Sethi

(b) Neha Narkhede

(d) Jayashree Ullal

(e) Diane Hendricks

11) India’s ethanol blending reached 11.5%, while the government’s target is to reach 20% by which year?

(a) 2024

(b) 2025

(d) 2028

(e) 2035

12) SBI Card has appointed Abhijit Chakravarty as its new MD & CEO for how many years and he succeeds Rama Mohan Rao Amara?

(a) 5

(b) 3

(d) 2

(e) 4

13) Who has been appointed as the New Managing Director of Microsoft India?

(a) Navtej

(b) Venkat Krishnan

(d) Irina Ghose

(e) Aryan Aashish

14) HDFC Bank will sell how much per cent stake in the initial public offering (IPO) of National Securities Depository (NSDL)?

(a) 3

(b) 2

(d) 10

(e) 4

15) Navantia and L&T signed a teaming agreement to bid for Indian submarine programme. Navantia shipbuilder belongs to which country?

(a) Armenia

(b) Azerbaijan

(d) Ireland

(e) Oman

16) __________required an Indian bidder to tie up with a foreign collaborator and build 6 conventional submarinesequipped with air-independent propulsion (AIP) systems.

(a) Project 75I

(b) Project 85I

(d) Project 72I

(e) Project 70I

17) India’s Nishad Kumar has clinched a silver medal in the ongoing Para Athletics World Championships 2023 held in which country?

(a) France

(b) Oman

(d) Japan

(e) Chile

18) India topped the medals tally in the 34th International Biology Olympiad (IBO) by securing four gold medals. How many countries have been participated in this event?

(a) 70

(b) 75

(d) 76

(e) 73

19) Luis Suárez Miramontes, the so-called “Golden Galician” who is the only Spanish man to win soccer’s most prestigious individual award, the Ballon d’Or, has passed away. In which year he received that award?

(a) 1969

(b) 1963

(d) 1952

(e) 1972

20) Who has topped in the Forbes list of America’s 100 most successful self-made women?

(a) Shonda Rhimes

(b) Daphne Koller

(d) Jayashreeullal

(e) Indira Nooyi

Answers :

1) Answer: B

The IRDAI was constituted a panel under Bhargava Dasgupta, MD of ICICI Lombard General Insurance, to suggest measures to phase out obligatory cession and the panel had suggested phase-out the obligatory business along with the right to first refusal by the GIC Re. Under the right to first refusal, GIC Re has the first right to choose the reinsurance business from the general insurers and then it can be placed with other reinsurers. The obligatory cession was reduced from 5 per cent to 4 per cent in FY23.The approximate size of the Indian reinsurance market is around Rs 70,000 crore in FY 2022-23.

2) Answer: E

The Department of Expenditure, Ministry of Finance, has released an amount of Rs. 7,532 crore to 22 State Governments for the respective State Disaster Response Funds (SDRF). The amount has been released as per the recommendations of the Ministry of Home Affairs. The State Disaster Response Fund (SDRF) has been constituted in each State under Section 48 (1) (a) of the Disaster Management Act, 2005. The fund is the primary fund available to State Governments for responses to notified disasters. The Central Government contributes 75% to the SDRF in general States and 90% in North-East and Himalayan States.

3) Answer: C

The country’s largest pure-play credit card issuer, SBI Cards & Payment Services (SBI Card), has appointed Abhijit Chakravorty as its new Managing Director (MD) and Chief Executive Officer (CEO). He will replace Rama Mohan Rao Amara,who will cease to be MD from August 11, 2023. Chakravorty’s appointment would be effective fromAugust 12, 2023 for a period of two years. Abhijit Chakravorty started his banking career as a Probationary Officer with State Bank of India (SBI) in 1988. He is currently a Deputy Managing Director at SBI.

4) Answer: C

Dr MansukhMandaviya to inaugurate SwasthyaChintanShivir at Dehradun, Uttarakhand. The two-day SwasthyaChintanShivir will be organized by the Ministry of Health and Family Welfare along with the Central Council of Health and Family Welfare. The event will be attended by the Ministers of State for Health and Family Welfare, Dr Bharati Pravin Pawar and Prof. SP Singh Baghel. The sessions will highlight the role of the Public Health Management Cadre, as well as the status of Medical, Nursing, and Allied Health Education in the country.

5) Answer: A

GST rates on uncooked, unfried extruded snack pallets have been brought down from 18 per cent to 5 per cent. GST Council has decided to exempt cancer-fighting drugs, medicines for rare diseases, and food products for special medical purposes from GST tax. Union Finance Minister Nirmala Sitharaman chaired the 50th GST Council meeting in New Delhi. 28 per cent tax will be levied on online gaming, horse racing, and casinos and these will be taxed at full face value. Fish soluble paste have been bright down to 5 percent from 18 percent. Rates on imitation zari threads have been brought down to 5 percent from 12 percent.

6) Answer: D

India-United States conduct ‘Operation Broader Sword’ to prevent illegal drugs shipment.Operation Broader Sword was built upon the success of Operation Broadsword, which targeted mail parcels containing illicit medical products from India and was carried out in 2020, at Chicago IMF. The US Food and Drug Administration (FDA), US Customs and Border Protection (CBP), Homeland Security Investigations (HSI), Drug Enforcement Administration (DEA), and US Postal Inspection Service (USPIS) in collaboration with the Indian Government.

7) Answer: D

External Affairs Minister S Jaishankar announced that India and Tanzania have started trade settlements in local currencies.This new initiative of India and Tanzania will help in promoting commerce between both countries. India-Tanzania bilateral trade has seen very strong growth and stood at USD 6.4 billion in 2022-23. India and Tanzania have agreed on a roadmap to further boost their ties in new areas of cooperation. Bank of India, Bank of Baroda, and Canara Bank are operating in Tanzania.

8) Answer: C

The International Financial Services Centers Authority (IFSCA) and Climate Policy Initiative – India (CPI) have signed a Memorandum of Understanding (MoU) for mutual assistance and cooperation to increase the mobilization of global sustainable capital flows into India. Sustainable development is a key priority that runs across the priorities of G20 working groups. Mobilization of sustainable finance is critical to achieving a transition to green and resilient economies. IFSCA has taken significant steps in accelerating global sustainable capital flows by creating a conducive regulatory environment, based on international best practices, focused especially on the needs of India and developing countries.

9) Answer: A

International Financial Services Centers Authority (IFSCA) and IIML-EIC, have signed a MoU at IIM (Indian Institute of Management) Lucknow EIC, Noida campus in Uttar Pradesh. This MoU aims to put in place a framework for cooperation and understanding between IFSCA and IIML-EIC to collaborate in supporting and facilitating FinTech and TechFin entities. IFSCA aims to develop a strong global connection and focus on the needs of the Indian economy as well as to serve as an international financial platform at the regional/ global level.

10) Answer: B

Narkhede, co-founder and former chief technology officer (CTO) of cloud company Confluent is ranked 50th on the list with a net worth of USD 520 million. The 38-year-old software engineer-turned-entrepreneur helped develop the open-source messaging system Apache Kafka to help develop LinkedIn’s massive influx of data. In 2014, she and two LinkedIn colleagues left to found Confluent, which helps organizations process large amounts of data on Apache Kafka. Four Indian-origin women, including Jayshree Ullal and Indra Nooyi, have made it to the Forbes list of America’s 100 most successful self-made women, with a combined net worth of a whopping USD 4.06 billion.

11) Answer: B

India’s ethanol blending reached 11.5%, while the government’s target is to reach 20% by 2025. As per the BMI report, India’s ethanol program will cap future sugar exports. In recent years, India has emerged as the world’s second-largest producer and a major exporter. As more ethanol plants will start production, more of India’s sugarcane crop will be used to make the fuel, which will limit the amount of sugar produced. BMI noted that Indonesia is also getting back to an ethanol blending programme with a 5% rate initially, and a target to get to 10 per cent by 2030.India needs to sharply increase sugarcane planting to reach the target.

12) Answer: D

The country’s largest pure-play credit card issuer, SBI Cards & Payment Services (SBI Card), has appointed Abhijit Chakravorty as its new Managing Director (MD) and Chief Executive Officer (CEO). He will replace Rama Mohan Rao Amara, who will cease to be MD from August 11, 2023.Chakravorty’s appointment would be effective fromAugust 12, 2023 for a period of two years. Abhijit Chakravorty started his banking career as a Probationary Officer with State Bank of India (SBI) in 1988.

13) Answer: D

Microsoft India President Anant Maheshwari has resigned from his role after a stint of almost 7 years at the software company. Meanwhile, Microsoft has elevated company’s chief operating officer (COO) Irina Ghose to the role of Managing Director (MD) for India. As part of the leadership changes, Navtej Sigh Bal has been elevated to the Chief Operating Officer (COO) role. Earlier, he was heading the government, public sector and education business for Microsoft in India. Venkat Krishnan, who was heading partnerships, has been promoted to head the government business unit.

14) Answer: B

HDFC Bank will sell a 2 per cent stake in the initial public offering (IPO) of National Securities Depository (NSDL).The lender holds a 8.95% stake in NSDL, which handles most of the securities held and settled in dematerialised form in the Indian capital market. In its draft red herring prospectus (DRHP), the depository stated that the IPO will see sales of 57.3 million shares by its six shareholders. State Bank of India (SBI) proposes to sell 2% stake by offloading 40 lakh shares in depository organisation NSDL. The sixth shareholder participating in the IPO is HDFC Bank.

15) Answer: C

Spain’s state-owned shipbuilder Navantia and engineering major Larsen & Toubro (L&T) signed a Teaming Agreement (TA) to jointly in Delhi bid for a ₹43,000-crore (4.8 billion euros) project to build 6 advanced submarines for the Indian Navy. This agreement follows a Memorandum of Understanding (MoU) signed between L&T and Navantia earlier in 2023 in Madrid, Spain. L&T CEO SN Subrahmanyan and Augustin Alvarez Blanco, Navantia’s vice president for naval construction. Navantia will base the design on its S80 class of submarines. The first S80 submarine was launched in 2021 and is undergoing sea trials before its delivery to the Spanish Navy by the end of 2023.

16) Answer: A

Project 75I requires an Indian bidder to tie up with a foreign collaborator and build 6 conventional submarines equipped with air-independent propulsion (AIP) systems, which allow vessels to remain submerged for longer periods. The first submarine must have a minimum of 45% indigenisation, with the indigenous content going up to 60% in the sixth. The AIP being offered is a third-generation system that runs on bio-ethanol and has lower operating and through-life costs. Navantia has been involved in the design and construction of the Scorpéne class of submarines together with DCNS (Now Naval Group) of France, which have been exported to Chile and Malaysia.

17) Answer: A

India’s Nishad Kumar has clinched a silver medal in the ongoing Para Athletics World Championships 2023. Paris will host the Para Athletics World Championships from 8 to 17 July at the Charlety Stadium. Over 1200 athletes from 107 nations are set to take part in this year’s competition. Nishad bagged this medal in the High Jump T47 Event. With this win, Nishad has become the second athlete at this event to grab a medal. The 2023 World Para Athletics Championships is an ongoing Paralympic track and field meet organized by the World Para Athletics subcommittee of the International Paralympic Committee. It is the 10th edition of the event and it is held in the Charlety Stadium in Paris, France, from 8 to 17 July 2023.

18) Answer: D

India has for the first time turned in an all-gold performance and topped the medal tally in IBO. According to Homi Bhabha Center for Science and Education (HBCSE), the winners are MeghChhabda from Jalna district of Maharashtra, Dhruv Advani from Bengaluru in Karnataka, Ishan Pednekar from Kota, Rajasthan and Rahit Panda from Risali, Chhattisgarh.IBO was held in Al Ain in UAE this year between 3 to 11 July.293 Students from 76 countries participated in IBO.

19) Answer: C

In 1960 Suárez became the first and only male Spanish-born player to win the Ballon d’Or.The Ballon d’Or is an annual football award presented by French news magazine France Football since 1956. The Ballon d’Or is generally regarded as football’s most prestigious and valuable individual award.Alexia PutellasBecomes First Spanish-Born Player To Win Ballon D’Or Twice in 2021 and 2022.Luis Suárez Miramontes, the so-called “Golden Galician” who is the only Spanish man to win soccer’s most prestigious individual award, the Ballon d’Or, has passed away at the age of 88 in Milan, Italy.

20) Answer: C

Building supply distributor Diane Hendricks, with a $15 billion net worth, retained the top spot for the sixth year in a row.FourIndian-origin women,including Jayshree Ullal and Indra Nooyi, have made it to the Forbes list of America’s 100 most successful self-made women, with a combined net worth of a whopping USD 4.06 billion. This year’s list has eight entrants, including television producer ShondaRhimes and Insitro CEO Daphne Koller.

Daily Current Affairs Quiz – 13th July 2023

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