Home » Daily Current Affairs Quiz – 14th July 2023

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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2023 of 14th 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) In which country, Citi Commercial Bank (CCB) has launched its new digital client platform – CitiDirect Commercial Banking?

(a) USA

(b) Japan

(d) Afghanistan

(e) Pakistan

2) Recently (July 2023), RBI has rejected three applications for small finance bank (SFB) license. The minimum paid-up capital for small finance bank is _________

(a) 400 crore

(b) 500 crore

(d) 200 crore

(e) 100 crore

3) According to a survey by the Bank for International Settlements (BIS), by 2030, how many central banks to have digital currencies?

(a) 20

(b) 19

(d) 23

(e) 24

4) The foundation stone for three NH projects totaling Rs. 2,900 crore was laid by Shri Nitin Gadkari at Tirupati, Andhra Pradesh. Total length of the project is________ kilometer.

(a) 87 km

(b) 82 km

(d) 92 km

(e) 86 km

5) Hero Asian Champions Trophy will begin on August 3rd, 2023 where India, Korea, Malaysia, Japan, Pakistan, and China. This tournament will be held in_________

(a) Kerala

(b) Karnataka

(d) Tamil Nadu

(e) Odisha

6) Recently (July 2023) in which country, British carrier Virgin Atlantic shuts their operations?

(a) USA

(b) Japan

(d) Afghanistan

(e) Pakistan

7) Uttar Pradesh government has planned to establish micro dairies of Indian cow breeds. The government will provide how much cost for the purchase of indigenous cow breeds under the Nand Baba Milk Mission?

(a) Rs. 50000

(b) Rs. 45000

(d) Rs. 40000

(e) Rs. 25000

8) Which state became the first state in India to launch ‘Antyodaya Shramik Suraksha Scheme’ for the welfare of labourers for welfare of labourers?

(a) Kerala

(b) Karnataka

(d) Gujarat

(e) Odisha

9) The Union Government has imposed restrictions on imports of certain gold jewelry and articles under the valid between India and which country?

(a) USA

(b) UAE

(d) Armenia

(e) Sudan

10) The Index of Industrial Production (IIP) grew by 5.2 percent in May 2023 from 4.2 percent in April 2023. IIP comes under which ministry?

(a) Ministry of Home affairs

(b) Ministry of Corporate affairs

(d) Ministry of Statistics and Programme

(e) Ministry of Heavy Industry

11) According to the Ministry of Statistics and Programme Implementation data released, the CFPI for June 2023 rises to 4.49 percent as compared to 2.91 percent in May2023, mainly due to a rise in vegetable prices. What does “C” denotes in CFPI?

(a) Customer

(b) Central

(d) Cost

(e) Cultivate

12) Which ministry has signed an agreement with FSSAI to encourage millet use, healthy eating habits, and the provision of wholesome food to the forces?

(a) Ministry of Home affairs

(b) Ministry of Corporate affairs

(d) Ministry of Statistics and Programme

(e) Ministry of Heavy Industry

13) Isha Ambani & Former Comptroller and Auditor General(CAG) Rajiv Mehrishi Appointed as Directors on RIL’s Financial Services Unit. Who is the present CAG of India?

(a) Madumitha Basu

(b) Praveen Mehta

(d) Ram Mohan Jori

(e) Narahari Rao

14) First United States Navy ship Salvor arrives at L&T shipyard for repairs in which state?

(a) Kerala

(b) Goa

(d) West Bengal

(e) Karnataka

15) Nishad Kumar of India has won a silver medal at the Para Athletics World Championships 2023 in Paris. He related to which sport?

(a) Shot Put

(b) Discuss Throw

(d) Long Jump

(e) Javelin Throw

16) India’s top table tennis league Ultimate Table Tennis (UTT) tournament is being organized at the Shiv Chhatrapati Sports Complex in which city?

(a) Mumbai

(b) Nasik

(d) Pune

(e) Nagpur

17) India won how many gold medals on the opening dayin Commonwealth Weightlifting Championships at Gautam Budh University in Greater Noida?

(a) 5

(b) 4

(d) 2

(e) 1

18) Where is the Headquarters of the Bank for International Settlements (BIS) located?

(a) USA

(b) UK

(d) Italy

(e) China

19) In which of the following state the Valley of Flowers National Park located?

(a) Madhya Pradesh

(b) Uttarakhand

(d) Uttar Pradesh

(e) Arunachal Pradesh

20) Which ministry has announced a non-resident Indian (NRI) can now be made a nominee for government saving schemes?

(a) Ministry of Home affairs

(b) Ministry of Finance

(d)Ministry ofHousing and Urban affairs

(e) Ministry of External affairs

Answers :

1) Answer: A

Citi Commercial Bank (CCB) has launched a digital client platform called CitiDirect Commercial Banking in the United States of America (USA) for its commercial bank customers, bringing together all of its products and services in one place. CitiDirect Commercial Banking promises to provide clients with a 360° consolidatedviewof their relationship across Cash, Loans, Trade, Foreign Exchange (FX), and Servicing and on boarding. The platform is currently live in the U.S., with over two thirds of United States (US) client base actively using the platform, and CCB plans to pilot it in the second half of 2023 across Hong Kong, India, Singapore, and the United Kingdom (UK).

2) Answer: D

The minimum paid-up voting capital/net worth for SFBs should be Rs 200 crore. The Reserve Bank of India (RBI) has rejected three applications received from Cosmea Financial Holdings, West End Housing Finance and Akhil Kumar Gupta to start small finance banks (SFB) in the private sector. These applications were found not suitable for granting of in-principle approval to set up small finance banks. RBI had received about a dozen applications to set up banks under the guidelines for ‘on tap’ Licensing of Universal Banks and Small Finance Banks (SFBs).

3) Answer: E

TheBank for International Settlements (BIS), by 2030, 24 central banks are expected to have digital currencies in circulation. This includes up to 15 retail and 9 wholesale central bank digital currencies (CBDC). In total, the share of central banks that said they were engaged in some form of CBDC-related work rose to 93%. Geo Economically, nations within emerging markets and developing economies are leading CBDC adoption. Their share in piloting the retail (29%) and wholesale (16%) CBDCs almost doubles that of advanced economies, which stands at 18% and 10%, respectively.

4) Answer: A

Union Minister for Road Transport and Highways Shri Nitin Gadkari laid the foundation stone for 3 NH Projects in the presence of Tirupati, Andhra Pradesh.These projects encompass a combined length of 87 kilometers and carry a total cost of Rs 2,900 Crore. The first undertaking is the Naidupate-TurpuKanupur Section of NH-71, spanning 35 Km and requiring an investment of ₹1,399 Crore. The second project is the Chillakuru Cross-Krishnapatnam Port South Gate Section via TurpuKanupur on NH-516W, covering a distance of 36 Km and valued at ₹909 Crore. Lastly, the Thamminapatnam-Narikellapalle Section involves an extension of the Dedicated Port Road from Eupuru to Krishnapatnam Port on NH-516W and NH-67, length of 16 Km and valued at ₹610 Crore.

5) Answer: D

Minister of Youth Affairs and Sports and Minister of Information & Broadcasting, Shri Anurag Thakur unveiled the coveted trophy for Hero Asian Champions Trophy, Chennai 2023at the Major Dhyanchand National Stadium in New Delhi. Hero Asian Champions Trophy, Chennai 2023 will begin on August 3rd, 2023 where India, Korea, Malaysia, Japan, Pakistan, and China will vie for the Title. The tournament will be held from 3rd August to 12 August 2023 in Chennai, Tamil Nadu with India, Korea, Malaysia, Japan, Pakistan, and China competing for the title, and will be telecast live on Star Sports, Disney +Hotstar.

6) Answer: E

Virgin Atlantic has ended its operations in Pakistan with the last flight of the British carrier taking off from Islamabad to London’s Heathrow Airport. The British airline began its operations at Islamabad airport in December 2020 with 7 weekly flights. The airline initially operated 4 flights to Manchester and 3 to Heathrow Airport.

Later, the airline reduced its services to only 3 weekly flights to Heathrow Airport. Virgin Atlantic provided the best air travel services to customers between Islamabad and London.

7) Answer: D

The Uttar Pradesh (UP) government is planning to set up micro diaries of Indian cow breeds to promote indigenous industries, crops, and livestock. The government will provide Rs 40,000 for the purchase of indigenous cow breeds under the Nand Baba Milk Mission, which has the mandate to augment dairy production. This subsidy is applicable on the purchase of a maximum of two indigenous cow breeds per cattle owner. The financial help will cover the cost of transportation of cattle, transit insurance, and animal insurance. UP and Rajasthan are the top two milk producers and collectively account for roughly 30% of the total annual milk output in the country.

8) Answer: D

Gujarat became the first state in India to launch a scheme for the welfare of labourers. Gujarat Chief Minister (CM) Shri Bhupendra Patel and Union Minister of State for Communications Devusinh Chauhan, launched the AntyodayaShram Suraksha Accident Insurance Scheme from Nadia of Kheda district in Gujarat. The scheme, launched on a pilot basis, is being implemented through the Indian Postal Department, the Indian Post Payments Bank, and the Ministry of Labour and Employment.

9) Answer: B

The directorate general of foreign trade (DGFT) amended the import policy for unstudded jewelry made of gold, and other articles made of gold to “restricted” from “free”. Restrictions mean that a license will be required from the government to import these goods though no such permission is required for imports under the India-UAE Comprehensive Economic Partnership Agreement (CEPA) tariff rate quota (TRQ).However, import under a valid India-UAE CEPA TRQ will be permitted freely without any import license.

10) Answer: D

The Ministry of Statistics and Programme Implementation data released, the Index of Industrial Production (IIP) grew by 5.2 percent in May 2023 from 4.2 percent in April 2023.the manufacturing sector’s output grew 5.5 percent and Mining output rose by 5.8 percent for the reported period.The Index of Industrial Production (IIP) is an index that shows the growth rates in different industry groups of the economy in a stipulated period. The IIP index is computed and published by the Central Statistical Organization (CSO) monthly.

11) Answer: C

Retail inflation, based on Consumer Price Index (CPI), stood at 4.81 percent in June 2023.

According to the Ministry of Statistics and Programme Implementation data released, the Consumer Food Price Index (CFPI) for the last month rises to 4.49 percent as compared to 2.91 percent in May, mainly due to a rise in vegetable prices.

Rural inflation stood at 4.72 percent in June while urban inflation was at 4.96 percent for the reported period.

CPI for June remained within the RBI’s tolerance band of 2-6 percent for the fourth consecutive month.

12) Answer: C

A Memorandum of Understanding (MoU) to promote the use of millet and healthy eating practices among the Armed Forces and ensure the availability of safe & nutritious food was signed in the presence of Raksha Mantri Shri Rajnath Singh and Minister of Health & Family Welfare (MoHFW) Dr. Mansukh Mandaviya in New Delhi.

The MoU was signed by Director General (Supplies and Transport) Lieutenant General Preet Mohinder Singh on behalf of the Ministry of Defence (MoD) and CEO, of Food Safety and Standards Authority of India (FSSAI) Shri G Kamala Vardhana Rao.

Both Ministers also unveiled a book titled ‘Healthy Recipes for Defence’ to promote the consumption of Shree Anna (millets) and its health benefits.The MoU will also encourage the families of the Armed Forces and the community at large to adopt nutritious diets, make healthy food choices, and maintain food safety. The book ‘Healthy Recipes for Defence’, developed by FSSAI, includes a range of millet-based dishes.

13) Answer: C

Girish Chandra Murmu is the Present Comptroller and Auditor General (CAG) of India. Billionaire Mukesh Ambnai’s daughter Isha and former Comptroller & Auditor General of India (CAG) Rajiv Mehrishi have been appointed as directors on the board of demerged financial services unit of Reliance Industries Limited (RIL). Reliance announced its plans to demerge its financial services undertaking into Reliance Strategic Investments Limited (RSIL) and rename and list it as Jio Financial Services Limited (JFSL). Based on proprietary data analytics, the financial arm of Reliance will lend to consumers and merchants and eventually branch out to insurance, payments, digital broking, and asset management.

14) Answer: C

The United States Navy Ship (USNS) Salvor, a rescue and salvage ship, arrived at Larsen & Toubro Ltd (L&T) shipyard, in Kattupalli near Chennai, Tamil Nadu (TN) making it the first to conduct a mid-voyage repair under the 5-year Master Ship Repair agreement (MSRA) between the US Navy and private shipping contractor, L&T. A Military Sealift Command’s rescue and salvage ship from the United States (US) docked near Chennai, Tamil Nadu (TN) for repair work on July 9, 2023. It is the third US Navy ship visiting the L&T shipyard for voyage repairs, after USNS Charles Drew and USNS Matthew Perry.

15) Answer: C

In the High Jump T47 Event, Nishad took home this medal. In the Men’s High Jump competition at the Para Athletics World Championships in Paris, India’s Nishad Kumar wins silver. Nishad’s victory makes him the second competitor in this competition to earn a medal. The top four finishers in each of the individual medal events at the 2023 World Para Athletics Championships advance to the 2024 Paralympic Games, which will again be hosted in Paris.

16) Answer: D

After a four-year break, Pune will host the UTT competition, the top table tennis league in India. Tournament is being organized at the Shiv Chhatrapati Sports Complex, Pune, 2023 under the aegis of the Table Tennis Federation of India after a gap of four years. The league round-robin will be held between the 13th and the 27th of July. The semifinals will be held on the 28 and the 29th of July and the final will be held on the 30th of July.There are 36 players in total with six from each team – four Indian players and two international players. India’s ace table tennis player Sharath Kamal is participating in the UTT league. He will be leading the Indian team to the 26th Asian Championships to be held from the 3rd to the 10th of September this year in South Korea.

17) Answer: C

India has won three gold medals so far in the Commonwealth Weightlifting Championships, at the Gautam Budh University. Athlete Jyotsna Sabar has clinched gold in the 40kg Youth Category, Asmita in the 45kg Youth & Junior Category, and Komal Kohar in the 45kg Senior Category. As many as 253 weightlifters, including 52 Indians, are competing across the senior, junior, and youth categories in the five-day tournament. India is hosting the tournament for the second time, having successfully organized it in Pune in 2015.

18) Answer: C

The BIS’s mission is to support central banks’ pursuit of monetary and financial stability through international cooperation, and to act as a bank for central banks.Headquartered in Basel, Switzerland, the Bank for International Settlements (BIS) is a bank for central banks. Founded in 1930, the Bank for International Settlements is the oldest global financial institution and operates under the auspices of international law.

19) Answer: B

Valley of Flowers National Park is an Indian national park which was established in 1982. It is located in Chamoli in the state of Uttarakhand and is known for its meadows of endemic alpine flowers and the variety of flora. The valley is accessible only between the months of June and October and the best time to visit in between July and mid-August when it is in full bloom.

20) Answer: B

According to the Ministry of Finance (MoF) notification, a non-resident Indian (NRI) can now be made a nominee for government saving schemes such as Public Provident Fund (PPF), National Saving Certificate (NSC) and post offices savings. Besides, the government permitted applicants to make changes to their names or surnames. These changes are part of a list of amendments to the Government Savings Promotion General Rules, as notified by the Finance Ministry.

Daily Current Affairs Quiz – 14th July 2023

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