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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2023 of 14th September 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.
1) How many banks have been shortlisted by the Reserve Bank of India (RBI) for the CBDC wholesale pilot project?
(a) 5
(b) 9
(c) 7
(d) 11
(e) 6
2) Bharati AXA Life Introduces Income Laabh to Simplify Insurance with Improved Protection. For 12 years of the policy term, how much percentage of income will be paid out?
(a) 100%
(b) 50%
(c) 150%
(d) 200%
(e) 250%
3) Governor of the Reserve Bank of India, Shaktikant Das, has called upon fintech players to set up a Self-Regulatory Organisation (SRO). How many ways do SROs communicate with their members?
(a) 3
(b) 2
(c) 1
(d) 5
(e) 4
4) PM Narendra Modi has declared Phase III of eCourts Project as a central sector scheme with a duration of four years. What will be the total cost of the project?
(a) Rs.6210 crore
(b) Rs.7310 crore
(c) Rs.5510 crore
(d) Rs.7210 crore
(e) Rs.4210 crore
5) The Cabinet has given the go-ahead approval for foreign investors to put in a maximum of Rs. 9589 crore into M/s Suven pharmaceuticals limited. What percentage of the total foreign investment can be increased?
(a) 89.1%
(b) 90.1%
(c) 91.1%
(d) 76.5%
(e) 98.5%
6) The Cabinet has approved the signing of a Memorandum of Understanding between India and Armenia for a period of how many years to facilitate the exchange of successful Digital Solutions developed at the population scale for the purpose of digital transformation?
(a) 4
(b) 3
(c) 5
(d) 8
(e) 10
7) What is the capital city of Sierra Leone?
(a) Saint John
(b) Yerevan
(c) Free Town
(d) Thimphu
(e) Male
8) What is the cost for 5 kg Single Bottle Connection under Pradhan Mantri Ujjwala Yojana (PMUY)?
(a) Rs. 1300
(b) Rs. 1200
(c) Rs. 2200
(d) Rs. 1500
(e) Rs. 1700
9) PGII has announced multiple projects in Indonesia, including those related to clean energy and telecommunications. What is first “I” represent in PGII?
(a) Income
(b) Infrastructure
(c) Initiative
(d) Investment
(e) Impairment
10) The UK is re-admitted to the EU’s €95.5 billion Horizon Research Programme. When did the UK leave the EU?
(a) 2021
(b) 2020
(c) 2019
(d) 2018
(e) 2017
11) The Goa Road map for tourism has been endorsed unanimously by G20 leaders as an important step towards achieving Sustainable Development Goals (SDGs). How many priorities are in the road map?
(a) 5
(b) 4
(c) 6
(d) 8
(e) 10
12) In August 2023, how much percentage for Retail inflation, based on the Consumer Price Index (CPI)?
(a) 5.83%
(b) 6.83%
(c) 6.53%
(d) 6.73%
(e) 5.73%
13) The RBI has given the go-ahead for the reappointment of Sandeep Bakhshi as MD & CEO of ICICI bank. Sandeep was reappointed in 2021 for how long years?
(a) 3
(b) 2
(c) 4
(d) 5
(e) 1
14) India-France bilateral naval exercise ‘Varuna’ 2023 to be held in the Arabian Sea When was ‘Varuna’ first launched?
(a) 2000
(b) 2002
(c) 2001
(d) 2005
(e) 2008
15) The Indian Navy and Uber are teaming up to provide private travel services for Naval personnel and their families across the country. Where’s Uber headquarters in India?
(a) Mumbai
(b) Delhi
(c) Kolkata
(d) Bengaluru
(e) Chennai
16) American investment firm GQG Partners completed the acquisition of more than 5 crore shares fromIDFC First Bank. How much is the price of per share, based on available data?
(a) Rs.93.5
(b) Rs.94.5
(c) Rs.96.5
(d) Rs.92.8
(e) Rs.94.8
17) Hero Kim Kun Ok is North Korea’s first tactical nuclear attack sub. What is its number?
(a) No. 842
(b) No. 841
(c) No. 843
(d) No. 845
(e) No. 832
18) The Ministry of labor and employment has signed a Memorandum of Understanding (MoU) with which IT company to offer free online soft skills employability training for the job seekers?
(a) HCL
(b) Guvi
(c) TCS
(d) Tech Mahindra
(e) IBM
19) In which state does IICA collaborate with the United Nations Children’s Fund (UNICEF) to host workshops on BRSR?
(a) Mumbai
(b) Delhi
(c) Kolkata
(d) Bengaluru
(e) Chennai
20) The Hero Kim Kun Ok will be the one to patrol the sea between the Korean peninsula and which country?
(a) USA
(b) China
(c) Japan
(d) India
(e) Russia
Answers :
1) Answer: B
Reserve Bank of India’s (RBI) Executive Director Ajay Kumar Choudhary announced that the RBI is likely to launch the pilot of Central Bank Digital Currency (CBDC) for transactions in the interbank borrowing or call money market by October 2023.Participating Banks: Nine banks were selected by RBI for the wholesale CBDC pilot project, including State Bank of India, Bank of Baroda, Union Bank of India, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, YES Bank, IDFC First Bank, and HSBC.A pilot for the wholesale CBDC, known as Digital Rupee-Wholesale (e-W), was initiated in November 2022. The pilot for the retail CBDC was started on December 1, 2022.Initially, it was used for settling secondary market transactions in government securities.
2) Answer: D
Bharti AXA Life Income Laabh is a non-linked, non-participating individual savings plan that includes life insurance coverage.Customers who opt for this plan can expect a steady stream of guaranteed income for a period of 10 to 12 years, depending on the chosen policy term.Initially, the income payout is set at 100% of the annual premium paid. After 5 years (for a 10-year policy term), this payout increases to 150%. For a 12-year policy term, after 6 years, the income payout grows to 200%.In addition to the regular income payout, the policyholder or nominee receives a guaranteed lump sum amount in the final year of the income period. This can be utilised to achieve significant life goals.The primary aim of this product is to enhance the financial well-being of policyholders and their families.
3) Answer: B
An SRO is a non-governmental organisation (NGO) responsible for setting and enforcing rules and standards within a specific industry, with the goal of safeguarding customers and promoting ethics, equality, and professionalism.The recognized SRO serves as a two way communication channel between its members (fintech entities) and the RBI.Establishing Standards: SROs work to establish minimum benchmarks and standards, fostering professional and ethical market behavior among their members.Grievance Redressal: They establish uniform grievance redressal and dispute management frameworks to address issues among their members.
4) Answer: D
The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the eCourts Project Phase III as a Central Sector Scheme spanning four years (2023 onwards) with a financial outlay of Rs.7210 crore.In line with the vision of Hon’ble Prime Minister Shri Narendra Modi ji’s”Sabka Sath, Sabka Vikas and Sabka Vishwas“, eCourts Mission Mode Project is the prime mover for improving access to justice using technology. As a part of the National eGovernance Plan, the e-Courts Project has been under implementation since 2007 for ICT enablement of the Indian Judiciary Phase II which willconclude in 2023.
5) Answer: B
The Cabinet Committee on Economic Affairs chaired by the Prime Minister, Shri Narendra Modi approved the FDI proposal for foreign investment of up to Rs.9589 crore in M/s Suven Pharmaceuticals Limited by M/s Berhyanda Limited, Cyprus. The approval is for the acquisition of up to 76.1% equity shares of M/s Suven Pharmaceuticals Limited, and public shareholders through mandatory Open Offer. The aggregate foreign investment may increase up to 90.1% in M/s Suven Pharmaceuticals Limited.The proposal has been evaluated by SEBI, RBI, CCI and other relevant agencies.
6) Answer: B
The MoU intends to promote closer cooperation and exchange of experiences and digital technologies-based solutions (viz. INDIA STACK) in the implementation of digital transformational initiatives of both the countries. MoU envisages improved collaboration leading to employment opportunities in the field of IT.The MoU shall come into effect from the date of signature of the Parties and shall remain in force for a period of 3 years.Both G2G and B2B bilateral Cooperation in the field of Digital Public Infrastructure (DPI) will be enhanced. The activities contemplated in this MoU would be financed through their administration’s regular operating allocations.
7) Answer: C
The Union Cabinet, chaired by the Hon’ble Prime Minister approves the signing of the Memorandum of Understanding (MoU) between the Ministry of Electronics and Information Technology of the Republic of India and the Ministry of Information and Communications of the Republic of Sierra Leone on Cooperation in the field of sharing successful Digital Solutions implemented at Population Scale for Digital Transformation.President: Julius Maada Bio.Capital: Freetown. Currency: Sierra Leonean Leone
8) Answer: A
The Union Cabinet, chaired by Prime Minister Shri Narendra Modi, has approved the extension of Pradhan Mantri Ujjwala Yojana (PMUY) for the release of 75 lakh LPG connections over three years from Financial Year 2023-24 to 2025-26.The total financial implication will be Rs.1650 crore per connection at the following rates:
- 2 kg Single Bottle Connection – Rs.2200 per connection
- 5 kg Double Bottle Connection – Rs.2200 per connection
- 5 kg Single Bottle Connection – Rs.1300 per connection
9) Answer: B
The IMEC project is part of the PGII (Partnership for Global Infrastructure Investment), which is a Western-led initiative aimed at funding infrastructure projects worldwide. PGII is characterised by transparency and a focus on building climate-resilient infrastructure while addressing gender equality and health infrastructure development goals, as outlined by the G7 nations.The PGII can contribute towards reducing the infrastructure gaps in the Global South countries.
10) Answer: B
The United Kingdom (UK) government has officially announced its decision to rejoin Horizon Europe, the European Union’s research funding program with a budget of €95 billion.With this move, UK scientists will now have access to a significant source of funding. The UK left the EU in early 2020 (Brexit).An “agreement in principle” has been signed between the European Commission and the United Kingdom to facilitate the UK’s participation in Horizon Europe.
11) Answer: A
This roadmap aligns with the theme of India’s G20 Presidency and emphasises the role of tourism in society, the economy, and environmental sustainability.
5 Priority Areas:The roadmap highlights 5 interconnected priorities:
- Green tourism
- Digitization
- Destination management
- Skills development
- Support for tourism micro, small, and medium-sized enterprises (MSMEs).
12) Answer: B
Retail inflation, based on the Consumer Price Index (CPI), slipped to 6.83 percent in August this year. According to the Ministry of Statistics and Programme Implementation data released, rural areas saw a slightly higher inflation rate at 7.02% compared to urban areas at 6.59 per cent.CPI for the last month fell from a 15-month highof 7.44% in July, mainly due to a decline in vegetable prices.
13) Answer: B
The Reserve Bank of India (RBI) has granted approval for the re-appointment of Sandeep Bakhshi as the Managing Director and Chief Executive Officer (MD & CEO) of India’s 2nd largest private sector bank, ICICI Bank.Sandeep Bakhshi’s re-appointment is for a duration of 3 years, effective from October 4, 2023, until October 3, 2026.This marks his 2nd tenure extension. Previously, in 2021, he was reappointed for a period of 2 years, extending until October 2023.
14) Answer: C
The Indian-French bilateral naval exercise commenced in 1993. It was officially named “Varuna” in 2001.Varuna provides a platform for both navies to exchange and learn from each other’s best practices and procedures in naval operations.The 1st phase of the Varuna exercise occurred off India’s Western Seaboard from January 16 to January 20, 2023.Varuna 2023 marks the 21st edition of this bilateral naval exercise between India and France.
15) Answer: A
The Indian Navy has joined hands with a cab aggregator service with an aim to provide reliable, convenient, safe and economical mobility solutions for personal travel and commute of naval personnel and families across India.To offer a comprehensive range of benefits to Indian Navy personnel, aligning with the Chief of Naval Staff’s vision of ensuring “happy personnel” under the ‘SHIPS FIRST‘ initiative. This partnership is also in line with the Government of India’s ambitious ‘Digital India’ vision, which emphasises the transformative potential of technology.UBER India Systems Pvt Ltd (Head Office) inKurla West, Mumbai.
16) Answer: B
The exchange took place at a price of Rs 94.5 per share, based on available data.This transaction involved approximately 0.8% of the total equity of IDFC First Bank.Utilisation of Funds: V Vaidyanathan planned to utilise the proceeds from the sale as follows:Rs 229 crore for subscribing to new shares of IDFC First Bank.Rs 240.5 crore for payment of income tax related to exercising stock options.Rs 9.2 crore for pre-committed causes.After the completion of this deal, Vaidyanathan’s stake in the bank would increase from 0.58% (as of June 30, 2023) to 1.04%.When considering options that are yet to be converted, Vaidyanathan’s shareholding will be 1.23% of the total share capital of IDFC First Bank.
17) Answer: B
North Korea has launched its 1st tactical nuclear attack submarine, submarine No 841 named the Hero Kim Kun Ok, which was unveiled ahead of the country’s 75th anniversary of its founding day(September 09, 1948).North Korean leader Kim Jong-un personally oversaw the official launch of the nuclear-powered submarine.The Hero Kim Kun Ok, will play a pivotal role in patrolling the waters between the Korean Peninsula and Japan.It appears to be a modified Soviet-era Romeo-class submarine, which North Korea acquired initially from China in the 1970s and later began producing domestically.
18) Answer: C
More than 30 lakh eShram registered workers of the unorganized sector who have joined NCS so far, would also be benefitted from this partnership.The Ministry of Labour and Employment also signed an MoU with TCS iON to provide free-of-cost online soft skill employability training to the job seekers registered on the NCS Portal both in English as well as Hindi language. This employability training was found very useful in enhancing the employability skills of job seekers. Such training would help to improve the quality of the work force on their selection.
19) Answer: A
The Indian Institute of Corporate Affairs (IICA), organized a workshop on Business Responsibility and Sustainability Reporting (BRSR) in collaboration with UNICEF and the National Stock Exchange at the NSE premises in Mumbai, Maharashtra.The workshop was attended by above 50 Sustainability, CSR (Corporate Social Responsibility), ESG (Environment, Social and Governance) and BHR (Business Human Rights) professionals from key corporate houses.
20) Answer: C
The Hero Kim Kun Ok, will play a pivotal role in patrolling the waters between the Korean Peninsula and Japan.It appears to be a modified Soviet-era Romeo-class submarine, which North Korea acquired initially from China in the 1970s and later began producing domestically. The submarine is equipped with 10 launch tube hatches, leading experts to believe that it is armed with ballistic missiles and cruise missiles.
