Home » Daily Current Affairs Quiz – 14th March 2023

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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2023 of 14th March 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) The Reserve Bank of India (RBI) infused liquidity amounting to __________ crore into the banking system via the 14-day Variable Rate Repo (VRR) auction.

(a) ₹75,650

(b) ₹82,650

(d) ₹79,650

(e) ₹88,650

2) Which bank has signed an MoU with Central Warehousing Corporation to facilitate financing under e-NWR (Electronic Negotiable Warehousing Receipt)?

(a) State Bank of India

(b) UCO Bank

(d) HDFC Bank

(e) Union Bank of India

3) Which of the following became the first Metro in India to accept digital currency for parking?

(a) Chennai Metro Rail Limited

(b) Kochi Metro Rail Limited

(d) DelhiMetro Rail Limited

(e) LucknowMetro Rail Limited

4) Recently, SEBI has announced a reward system of up to ___________ for informants, who share information about the assets of defaulters.

(a) Rs 15 lakh

(b) Rs 20 lakh

(d) Rs 25 lakh

(e) Rs 5 lakh

5) Which of the following has announced the extension of its National Pension Scheme (NPS) services to both its domestic and Non- Resident Indian (NRI) customers through its website?

(a) Bajaj Finserv

(b) Muthoot Finance

(d) Mahindra Finance

(e) Tata Capital

6) Consider the following statement regarding the PNB MetLife Genius plan launched by PNB MetLife India Insurance Company Limited. Which of the following statement is incorrect?

(i) PNB MetLife Genius plan is an individual, non-linked, non-participating, saving, life insurance plan that offers life insurance coverage while allowing parents to save for their child’s education.

(ii) Flexibility to save with a unique and customisable payout structure. 1.5 %higher benefit for girl child.

(iii) Option to choose additional protection against Accidental Total Permanent Disability (ATPD). 2.5 % higher benefit for PMLI’s existing customers

(a) Only (i)

(b) Both (i) and (ii)

(d) Both (ii) and (iii)

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

7) First India-Bangladesh cross-border oil pipeline will be virtually inaugurated by PM Modi and Bangladesh PM Hasina.The _______ India-Bangladesh Friendship Pipeline will be used to export diesel to Dhaka.

(a) 115 km

(b) 125 km

(d) 110 km

(e) 100 km

8) Recently in March 2023, A new initiative called ‘beggar-free city’ has been started in________________.

(a) Bengaluru, Karnataka

(b) Nagpur, Maharashtra

(d) Pune, Maharashtra

(e) Surat, Gujarat

9) The Ministry of Home Affairs (MHA) has amended the Border Security Force, General Duty Cadre (Non-Gazetted) Recruitment Rules, 2015 to give ___ reservations for ex-Agniveers in BSF recruitment.

(a) 10%

(b) 13%

(d) 8%

(e) 12%

10) As per the recent report, Which Railway has achieved complete electrification of its 3,825 kilometers long broad gauge network?

(a) Northern Railway

(b) Southern Railway

(d) NorthEastern Railway

(e) Eastern Railway

11) Consider the following statement regarding the 95th Academy Awards ceremony. Which of the following statement is incorrect?

(a) In the 95th Academy Awards ceremony, India’s ‘Naatu Naatu song’ from SS Rajamouli’s film RRR made history by becoming the first Indian film to win an Oscar for best original song.

(b) Composer of the song M. M. Keeravani along with lyricist Chandrabose collected the award.

(c) RRR is the second Indian film in over two decades to be nominated for the Academy Awards while ‘Naatu Naatu’ was the first Indian song to be nominated at the Oscars.

(d) Another Indian entry in the Academy Awards ‘The Elephant Whisperers’ also won an Oscar in the Best Documentary Short Film category.

(e) The live performance at the ceremony was introduced by Deepika Padukone.

12) According to Department for Promotion of Industry and Internal Trade data, Which state has recorded positive growth in foreign direct investment (FDI) in the current fiscal year?

(a) Maharashtra

(b) Bihar

(d) Madhya Pradesh

(e) Uttar Pradesh

13) Recently in March 2023, Reliance Industries planned to set up a 10-gigawatt renewable solar energy project in which of the following state?

(a) Karnataka

(b) Telangana

(d) Maharashtra

(e) Andhra Pradesh

14) Prime Minister Narendra Modi and Prime Minister of Australia Anthony Albanese held bilateral talks in_____________.

(a) Bengaluru

(b) Chennai

(d) Lucknow

(e) New Delhi

15) Which of the following company has announced an agreement with GMR Aero Technic to establish a new Boeing Converted Freighter (BCF) line in Hyderabad?

(a) Tesla

(b) Lockheed Martin

(d) Dassault Aviation

(e) Blue Origin

16) Who has been appointed as the managing director (MD) and chief executive officer (CEO) at Axis Securities?

(a) Prabha Narasimhan

(b) B Gopkumar

(d) Deepak Kumar

(e) Ram Raghavan

17) Which company has appointed Rohit Jawa as its new Managing Director(MD) and Chief Executive Officer (CEO) for a tenure of 5 years?

(a) Hindustan Unilever Limited

(b) Bharat Heavy Electricals Limited

(d) Garden Reach Shipbuilders and Engineers

(e) Hindustan Aeronautics Limited

18) Which bank has re-appointment Sumant Kathpalia as its Managing Director(MD) and Chief Executive Officer (CEO) for a further period of 2 years?

(a) RBL Bank

(b) HDFC Bank

(d) IndusInd Bank

(e) ICICI Bank

19) The Bank of Baroda (BoB) board has approved up to _____ divestment in its wholly-owned subsidiary, BoB Financial Solutions Ltd (BFSL).

(a) 51%

(b) 23%

(d) 34%

(e) 19%

20) What is the theme for the 2023 International Day of Action of Rivers has been celebrated on 14 March every year?

(a) Solidarity of Rivers

(b) Demands for Water

(d) Valuing Water

(e) Celebrating Rivers

Answers :

1) Answer: B

The Reserve Bank of India (RBI) infused liquidity amounting to ₹82,650 crore into the banking system via the 14-day Variable Rate Repo (VRR) auction.

Banks borrowed ₹82,650 crore at a weighted average rate of 6.53%.

Notified amount under the VRR auction was ₹1 lakh crore.

This will be only the second VRR auction conducted by the RBI since February 2020.

Key Highlights :

On February 8th, 2023 bi-monthly monetary policy review, RBI governor Shri Shaktikanta Das stated that higher government expenditure and the anticipated return of forex inflows may augment systemic liquidity.

2) Answer: C

State-owned Punjab National Bank (PNB) and Central Warehousing Corporation(CWC), signed a Memorandum of Understanding (MoU) to facilitate financing under e-NWR (Electronic Negotiable Warehousing Receipt).

Kanwal Jit Shorey, General Manager of Punjab National Bank, and Rajiv Kumar Bansal, Group General Manager (Comm.) of CWC signed the agreement.

Aim :

To provide farmers/food processors/traders with easy access to finance in exchange for the pledge of agricultural commodities stored in CWC warehouses.

3) Answer: B

In an initiative to promote Central Bank Digital Currency (CBDC), Kochi Metro Rail Limited (KMRL) has become the 1st metro in India to accept digital currency in its parking facilities.

The programme was inaugurated by KMRL MD Loknath Behera at Thykoodam Metro station.

The programme was introduced in association with Maharashtra-based IDFC FIRST Bank partnered with Anantham Online, a technology startup.

This initiative comes at the back of a pilot programme launched by the Reserve Bank of India (RBI).

Key Highlights :

The initiative would help the Metro users to pay from their respective Bank’s CBDC wallet and avoid exchanging cash.

4) Answer: B

The market regulator Securities and Exchange Board of India (SEBI) announced a reward system of up to Rs 20 lakh for informants who share information about the assets of defaulters.

Aim :

To recover fines from elusive offenders.

Additionally, SEBI published a list of 515 defaulters on which any informant may have offered information.

Key Highlights :

According to the SEBI, the reward may be granted in two stages, interim and final.

While the interim reward amount will not exceed two and a half per-cent of the reserve price of the asset regarding which tips were provided or `5 lakh, whichever is less and the final reward amount will not exceed 10 percent of the dues recovered or `20 lakh, whichever is less.

5) Answer: B

Muthoot Finance has announced the extension of its National Pension Scheme (NPS) services to both its domestic and Non- Resident Indian (NRI) customers through its website and the iMuthoot app.

The iMuthoot application allows the customers to have a ‘Do It Yourself Model’.

Under this model, users can submit the application and complete the NPS registration by themselves.

Muthoot Finance is an NPS service provider by the Pension Fund Regulatory and Development Authority (PFRDA).

By providing the extension of NPS services to its customers, Muthoot Finance aims to provide its customers with an extra avenue for long-term retirement planning.

Muthoot Finance also aims to offer its customers a tax concession of up to ₹50,000 under subsection 80 CCD (1B).

6) Answer: C

PNB MetLife India Insurance Company Limited (PNB MetLife), one of India’s leading life insurance companies has launched PNB MetLife Genius plan a new solution to help parents financially prepare to support their children’s future.

About PNB MetLife Genius plan :

PNB MetLife Genius plan is an individual, non-linked, non-participating, saving, life insurance plan that offers life insurance coverage while allowing parents to save for their child’s education.

Benefits :

Flexibility to save with a unique and customisable payout structure

1.5 %higher benefit for girl child

In-built waiver of premium on death

Option to choose additional protection against Accidental Total Permanent Disability (ATPD)

1.5 % higher benefit for PMLI’s existing customers

7) Answer: C

The First India-Bangladesh cross-border oil pipeline will be virtually inaugurated by PM Modi and Bangladesh PM Hasina on March 18.

The 130 km India-Bangladesh Friendship Pipeline will be used to export diesel to Dhaka.

Out of 130 km, 125 km lies inside Bangladesh’s territory and 5 km lies inside India.

It has been built from approximately ₹377 cr , drawn from the Indian Line of Credit (LoC).

The pipeline stretches from West Bengal’s Siliguri to a Meghna petroleum depot in Dinajpur’s Parbatipur.

In 2017, an agreement was signed to export diesel to Bangladesh through the pipeline.

The bilateral project was launched in March 2020.

Initially, its deadline was June 2022.

8) Answer: B

A new initiative called ‘beggar-free city’ has been started in Nagpur, Maharashtra.

It is a joint effort of Nagpur City police and Nagpur Municipal Corporation’s (NMC) 0020 social welfare department.

Nagpur Municipal Corporation has made special arrangements to accommodate homeless people in the shelters.

Nagpur Municipal Corporation has kept a bus and an ambulance ready to shift the beggars to its shelter home.

According to government data, West Bengal has the highest number of beggars.

It is followed by Uttar Pradesh and Bihar.

A total number of 4,13,670 beggars are residing in India.

Out of the total, 2,21,673 are males and 1,91,997 are females.

9) Answer: A

The Ministry of Home Affairs (MHA) has amended the Border Security Force, General Duty Cadre (Non-Gazetted) Recruitment Rules, 2015 to give 10% reservation for ex-Agniveers in BSF recruitment.

Border Security Force, General Duty Cadre (Non-Gazetted) (Amendment) Recruitment Rules, 2023, has come into force from 9th March.

According to the notification issued by MHA, the upper age limit will be relaxed by five years for the candidates of the first batch of ex-Agniveers in the recruitment of constables.

10) Answer: C

Central Railway has achieved complete electrification of its 3,825 kilometers long broad gauge network.

This will reduce more than 5 lakh tonnes of carbon footprints annually. It will help in savings of 1670 crore rupees.

It will help earn carbon credit.

The central railway said the 52-kilometre Ausa Road-Latur Road stretch was the last non-electrified section.

It lies in the Solapur division.

Its electrification was completed on the 23rd of February 2023.

11) Answer: C

In 95th Academy Awards ceremony, India’s ‘Naatu Naatu song’ from SS Rajamouli’s film RRR made history by becoming the first Indian film to win an Oscar for best original song.

Composer of the song M. M. Keeravani along with lyricist Chandrabose collected the award.

Playback singers of the Naatu Naatu song, Rahul Sipligunj and Kaala Bhairava performed the song at the Academy Awards ceremony at the Dolby Theatre in Los Angeles in USA.

The performance got them a standing ovation.

The live performance at the ceremony was introduced by Deepika Padukone.

RRR is the first Indian film in over two decades to be nominated for the Academy Awards while ‘Naatu Naatu’ was the first Indian song to be nominated at the Oscars.

The film inspired by the lives of freedom fighters Komaram Bheem and Alluri Sitarama Raju, narrates a fictional tale set in the 1920s.

The song, choreographed by Prem Rakshith was competing against Applause from the film Tell It Like A Woman, Hold My Hand from the movie Top Gun: Maverick, Lift me Up from Black Panther: Wakanda Forever, and This Is Life, from Everything, Everywhere All At Once.

Another Indian entry in the Academy Awards ‘The Elephant Whisperers’ also won an Oscar in the Best Documentary Short Film category.

This 41 minutes short documentary movie by filmmaker Kartiki Gonsalves and producer Guneet Monga, explores the bond between Raghu, an orphaned baby elephant, and his caretakers.

The other four nominees in the Short Film category were Haulout, The Martha Mitchell Effect, Stranger At The Gate, and How Do You Measure A Year? The Elephant Whisperers is the first Indian film to win an Oscar in this category and the third to be nominated after The House That Ananda Built-in 1969 and An Encounter With Faces in 1979.

In 2008, the song ‘Jai Ho’, composed by AR Rahman and penned by Gulzar, from the British film Sl.

12) Answer: A

Maharashtra and Gujarat recorded positive growth in foreign direct investment (FDI) in the current fiscal even as the overall FDI inflows into the country decelerated due to rising global interest rates, waning investor sentiment and gloomy growth outlook.

According to Department for Promotion of Industry and Internal Trade data, FDI inflows into Maharashtra went up by 19 per cent year-on-year to ₹85,186 crore during the April-December of the current fiscal.

The State received ₹71,858 crore of FDI inflows during the same period of FY22.

FDI inflows into Gujarat during the first three-quarters of the current fiscal more than doubled to ₹32,349 crore compared to ₹15,321 crore in the corresponding quarters of the previous fiscal.

It is to be noted that Maharashtra, Karnataka and Gujarat historically command the lion’s share of FDI inflows into the country.

13) Answer: E

Reliance Industries Chairman Mukesh Ambani & his group will be investing in Andhra Pradesh to set up a 10-gigawatt renewable solar energy project.

Ambani said as much as Rs 1.50 lakh crore was invested in Reliances’ KG-D6 assets, developing and supporting gas pipeline and the natural gas produced there is fuelling India’s clean energy transition and will contribute to nearly 30 per cent of the country’s gas production.

According to him, the rollout of Jio True 5G will be completed by the end of 2023 throughout the country and the 4G network covers 98 per cent of AP’s population, including those living in the remotest corners of the state.

14) Answer: E

Prime Minister Shri Narendra Modi and Prime Minister of Australia Mr Anthony Albanese held bilateral talks in New Delhi.

During the first India-Australia Annual Summit, both countries committed to further deepening the Comprehensive Strategic Partnership.

Both countries exchanged MoU for cooperation in sports and audio-visual co-production.

The Indian and Australian sides also exchanged the terms of reference for the India-Australia Solar Task Force, the Atal Innovation Mission and the letter of intent between the Commonwealth Scientific and Industrial Research Organisation.

Mr Modi said the two countries also discussed further deepening their security and defense cooperation in the Indo-Pacific region.

15) Answer: C

Boeing announced an agreement with GMR Aero Technic to establish a new Boeing Converted Freighter (BCF) line in Hyderabad.

GMR Aero Technic is the first Boeing supplier in India that will have the capability to support future conversions of both domestic and foreign aircraft.

The collaboration adds to Boeing’s continued investments to support the growth of cargo and help expand complex aircraft modification capabilities and Maintenance, Repair and Overhaul (MRO) in India, supporting India’s aspiration to become an aviation and aerospace hub for the region.

Ashok Gopinath, CEO, GMR Aero Technic.

16) Answer: B

Axis Asset Management Company has appointed Mr B Gopkumar, the managing director (MD) and chief executive officer (CEO) at Axis Securities, as the new MD & CEO of leading fund house Axis Asset Management Company Ltd. (AMC).

He will take over on May 01, 2023 for a 3-year term till April 30, 2026.

Mr Gopkumar takes over from Mr Chandresh Nigam who has stepped down as the MD & CEO of the company.

17) Answer: A

Consumer goods conglomerate Hindustan Unilever Limited (HUL) has announced that Mr Rohit Jawa will take over as the new Managing Director(MD) & Chief Executive Officer (CEO) of HUL for a tenure of 5 years starting from June 27, 2023, and will join the company as CEO designate and Whole-time Director from April 1, 2023.

He will succeed Mr Sanjiv Mehta, who took over as MD & CEO of HUL in October 2013.

Mr Jawa will also take over as President, Unilever South Asia.

He will join the Unilever Leadership Executive (ULE) effective April 1, 2023.

Presently, Mr Rohit Jawa, the Chief of Transformation for Unilever in London, United Kingdom.

18) Answer: D

IndusInd Bank has announced that the Reserve Bank of India (RBI) has approved the re-appointment of Mr Sumant Kathpalia as Managing Director(MD) & Chief Executive Officer (CEO) of the Bank for a further period of 2 years with effect from March 24, 2023.

The nod by RBI comes nearly 6 months after the IndusInd Bank’s board of directors had cleared another term for Kathpalia, who has been the lender’s MD & CEO since March 2020.

IndusInd Bank recorded a rise of 68.71% in profit after tax to ₹1,959.20 crore for the quarter ended December 2022 from a profit of ₹1,161.27 crore in the same quarter last year.

19) Answer: C

The Bank of Baroda (BoB) board has approved up to 49% divestment in its wholly-owned subsidiary BoB Financial Solutions Ltd (BFSL).

BoB currently holds 100% of the total equity share capital of BFSL.

The board has also given approval to the issuance of an advertisement inviting Expressions of Interest (EoI) from investors/ strategic partners to acquire BoB’s shareholding in BFSL.

20) Answer: C

International Day of Action of Rivers 2023 is an international event celebrated on March 14th, 2023.

The International Day Of Action For Rivers 2023 theme is ‘Rights of Rivers’, which demands that the rivers be declared a national asset.

It is an annual event observed all over the world every year on 14th March.

It is a day that is dedicated to saving, celebrating, and creating awareness about the importance of rivers.

The International Day of Action Against Dams and For Rivers, Water and Life was adopted by the participants of the First International Meeting of People Affected by Dams in March 1997 in Curitiba, Brazil, according to internationalrivers.org.

River experts from 20 countries decided that March 14 will be the ‘Day of Action for Rivers’.

The participants aimed to unite against the destruction of rivers, other water bodies, and ecologically fragile watershed areas.

Daily Current Affairs Quiz – 14th March 2023

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