Home » Daily Current Affairs Quiz – 16th & 17th July 2023

This post is also available in: हिन्दी (Hindi)

Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2023 of 16th & 17th 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.

Start Quiz

1) India and UAE set up a Framework for Local Currency Settlement in Cross-Border transactions. What is the currency of the UAE?

(a) Peso

(b) Yen

(d) Dirham

(e) Dollar

2) HDFC Bank becomes the first to Link Digital Rupee with UPI QR Code. Who is the present CEO of HDFC Bank?

(a) Shyam Srinivasan

(b) Sandeep Bakshi

(d) Vaidhyanathan

(e) Rajiv Lall

3) Which financial regulatory body had strictly tightened the disclosure norms in 12 hours if a listed entity is a party and in 24 hours if the listed entity is not a party?

(a) PFDRA

(b) SEBI

(d) IRDAI

(e) NHB

4) International Justice day is celebrated on__________________

(a) July 15

(b) July 14

(d) July 17

(e) July 13

5) Recently (July 2023), The Securities and Exchange Board of India (SEBI), has mandated that all entities providing ESG (environmental, social, governance) rating services will have to get a certification from the regulator within _____________ months.

(a) 3

(b) 4

(d) 6

(e) 9

6) Fincare Small Finance Bank launched a brand campaign “The Great Indian FD Fest”. Who is the ambassador of a brand campaign?

(a) Sachin Tendulkar

(b) Viswanath Anand

(d) Ranveer Singh

(e) Amir Khan

7) PayU, AWS & Chiratae Ventures collaborate to launch Fintech Startup Accelerator Programme. Where is the Headquarters of PayU?

(a) Delhi

(b) Karnataka

(d) Haryana

(e) Gujarat

8) A Deposit Insurance and Credit Guarantee Corporation (DICGC) pay how much percentage of amounts to the depositor for Sri Sharada Mahila Co-operative Bank?

(a) 99.60%

(b) 97.82%

(d) 98.42%

(e) 96.50%

9) Union Education Minister Dharmendra Pradhan introduces a free online AI training program. In how many Indian languages they had been curated?

(a) 7

(b) 9

(d) 3

(e) 6

10) Which ministry has extended the tenure of the Committee on Digital Competition Law by one more month?

(a) Ministry of Information and Broadcasting

(b) Ministry of Corporate Affairs

(d) Ministry of Statistics

(e) Ministry of Cooperation

11) Oil and Natural Gas Corporation is the first Central Public Sector Enterprise (CPSE) in India to earn certification for its ABMS. What does “M” represent in ABMS?

(a) Ministry

(b) Management

(d) Mobile

(e) Money

12) Recently (July 2023), which government plans to bring a law that promises ‘guaranteed minimum income’ for the poor?

(a) Sikkim

(b) Madhya Pradesh

(d) Tripura

(e) Karnataka

13) Ker Puja festival celebrated in which state?

(a) Sikkim

(b) Madhya Pradesh

(d) Tripura

(e) Karnataka

14) A Memorandum of Understanding (MoU) has been signed between the Ministry of Education and Abu Dhabi Department of Education and Knowledge (ADEK), and the Indian Institute of Technology Delhi (IIT Delhi) to establish 1st campus of IIT Delhi in Abu Dhabi. The IIT Delhi – Abu Dhabi campus is expected to launch its academic programs in which year?

(a) 2024

(b) 2025

(d) 2028

(e) 2030

15) India and the UAE inked a historic Memorandum of Understanding on the LCS system. Expand “L” in LCS?

(a) Letter

(b) Loan

(d) Line

(e) Lending

16) Australia appoints Michele Bullock as the 1st female governor of the Reserve Bank of Australia (RBA) for how many years?

(a) 5

(b) 3

(d) 7

(e) 4

17) Defence Acquisition Council approved proposals to buy 26 Rafale-Marine jets & 3 Scorpene submarines it is expected to be around for how much cost of a rupee?

(a) Rs.60000 crores

(b) Rs.50000 crores

(d) Rs.75000 crores

(e) Rs.65000 crores

18) The Indian Space Research Organisation (ISRO) launched its third lunar mission – Chandrayaan 3 on-board the heavy lift LVM3-M4 rocket in Sriharikota, Andhra Pradesh (AP). Which of the following statement is false according to the Chandrayaan 3?

(a) Chandrayaan-3 spacecraft at an altitude of about 179km.

(b) The Chandrayaan-3 carries6 payloads.

(d) It will reach the moon after travelling for 42 days.

(e) The Chandrayaan-3 has been built for Rs 615 crore.

19) Marketa Vondrousova, recently in news is related to which sports?

(a) Archery

(b) Football

(d) Cricket

(e) High jump

20) Athlete Parul Chaudhary wins a gold medal in the Asian Athletics Championships. It was held in_________________

(a) United Kingdom

(b) Japan

(d) Norway

(e) Malaysia

Answers :

1) Answer: D

The currency of the United Arab Emirates (UAE) is the UAE dirham.The Reserve Bank of India (RBI) and the Central Bank of UAE (CBUAE) signed two Memorandum of Understandings (MoUs) in Abu Dhabi for establishing a framework to promote the use of local currencies for cross-border transactions; and cooperation for interlinking their payment and messaging systems. The MoUs were signed by RBI Governor Shaktikanta Das and the CBUAE Governor Khaled Mohamed Balama. The MoUs were exchanged between the two Governors, in the presence of Indian Prime Minister Shri Narendra Modi and President of the UAE Mr Sheikh Mohamed Bin Zayed Al Nahyan.

2) Answer: C

MD & CEO of HDFC bank Sashidhar Jagdishan.HDFC Bank has launched Unified Payments Interface Quick Response Code (UPI QR code) interoperable with India’s sovereign digital currency, Central Bank Digital Currency (CBDC). With this, HDFC Bank became one of the first banks in the country to complete the integration process. With the interoperable UPI QR code, HDFC Bank merchants who have been onboarded on its CBDC platform can accept payments from their customers in the form of Digital Rupee currency. HDFC Bank has signed up 1,70,000 merchants and over 1 lakh customers in pilot programmes using the digital rupee.

3) Answer: B

Capital markets regulator Securities and Exchange Board of India (SEBI) has tightened the disclosure norms for listed companies with strict timelines and introduced criteria for determining the materiality of events. Under the framework, the regulator asked listed companies to disclose family settlement agreements, which can impact the management and control of such firms to stock exchanges. These agreements must be disclosed in 12 hours if a listed entity is a party and in 24 hours if the listed entity is not a party.

4) Answer: D

World Day for International Justice 2023 is celebrated and observed all over the world on July 17th of this current year. 2023 Theme: “Overcoming Barriers and Unleashing Opportunities for Social Justice”. Every year on July 17, the day of many names, also known as International Justice Day, World Day for International Justice, or Day of International Criminal Justice, is celebrated to acknowledge the system of international justice.

5) Answer: D

The Securities and Exchange Board of India (SEBI), has mandated that all entities providing ESG (environmental, social, governance) rating services will have to get a certification from the regulator within 6 months. This circular is issued in exercise of the powers conferred by Section 11 (1) of Securities and Exchange Board of India Act, 1992 read with the provisions of Regulation 20 of Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999, to protect the interest of investors in securities and to promote the development of, and to regulate, the securities market.

6) Answer: B

Fincare Small Finance Bank Limited (FSFBL) has launched its multilingual campaign ‘The Great Indian Fixed Deposit (FD) Fest’ featuring brand ambassador Viswanathan Anand. To raise awareness about the bank’s interest rate offering for all categories of customers. At present the bank is offering rates as high as 9.11% for senior citizens and 8.51% for general citizens. This campaign celebrates the spirit of financial empowerment and presents a golden opportunity for every Indian to secure their financial future through fixed deposits.

7) Answer: D

Headquarters and CEO of PayU were Gurugram, Haryana and Anirban Mukherjee. Payments service provider PayU has launched a 45-day fintech accelerator program, inFINity for early-stage Indian startups in collaboration with Amazon Web Services (AWS) India, a cloud platform, and venture capital firm Chiratae Ventures. To support the growth of early-stage fintech startups by providing access to mentorship from industry experts, curated resources, and AWS Activate credits. Selected applicants will be announced on August 17,2023 and the program will commence on August 31,2023 with 3 days of in-person boot camp in Bengaluru,Karnataka followed by four weeks of intensive online training.

8) Answer: B

The Reserve Bank of India (RBI) has cancelled the licences of 2 cooperative banks- Sri Sharada Mahila Co-operative Bank, Tumkur, situated in Karnataka, and Harihareshwar Sahakari Bank, Wai, Satara in Maharashtra, because of inadequate capital and no earning prospect.The Deposit Insurance and Credit Guarantee Corporation (DICGC) will pay the full amount to around 99.96% of the depositors of Harihareshwar Sahakari Bank and 97.82% of the depositors of Sri Sharada Mahila Co-operative Bank.

9) Answer: B

Education and Skill Development Minister Dharmendra Pradhan launched AI for India 2.0, a free online training programme on Artificial Intelligence, on the occasion of World Youth Skills Day.It is a joint initiative of Skill India and GUVI, which is an IIT Madras incubated startup tech platform that enables tech learning in vernacular languages. This programme has been curated in nine Indian languages. He added that this is a good beginning towards dismantling the language barrier in technology education and future-proofing the nation’s Yuva Shakti, particularly in rural areas.

10) Answer: B

The Centre has extended the tenure of the Committee which had been set up to recommend a draft of the proposed Digital Competition Law by one more month. The inter-ministerial panel’s earlier extended tenure was to end on July 5. Now the Corporate Affairs Ministry has given one more month. The Centre has ordered setting up a committee that will review whether existing antitrust laws in the country are equipped to deal with the challenges that have emerged from the digital economy and submit to the government a draft Digital Competition Act within three months.

11) Answer: B

The first Central Public Sector Enterprise (CPSE) in India to earn certification for its Anti-Bribery Management System (ABMS), Oil and Natural Gas Corporation (ONGC) recently made history. InterCert USA, a globally recognized certification organization, granted the certification. ONGC previously proved its dedication to bribery prevention in 2005 when it became the first Indian organization to ratify the Integrity Pact (IP) created by Transparency International. ABMS Certification, thus, becomes another significant milestone in the journey of Energy Maharatna towards strengthening its stature as a preferred business partner.

12) Answer: C

The Rajasthan Government has announced the minimum income guarantee to provide social security to citizens of Rajasthan. The Rajasthan government plans to bring a law that promises ‘guaranteed minimum income’ for the poor. With this scheme, all families in the state will be able to get an employment guarantee of 125 days every year, and a minimum pension of Rs.1,000 per month in case of aged /disabled/single women. For this, an additional expenditure of Rs.2500 crore is being proposed.

13) Answer: D

Ker Puja is a Hindu religious festival and a state holiday in the north-eastern state of Tripura celebrated every year in the month of July.Ker, meaning austerity. In the local tribal language called Kokborok, “Ker” denotes a boundary or a specific area. It is an occasion of deep cultural and religious importance, with rituals and customs that have been passed down through generations.

14) Answer: A

A Memorandum of Understanding (MoU) has been signed between the Ministry of Education and Abu DhabiDepartment of Education and Knowledge (ADEK), and the Indian Institute of Technology Delhi (IIT Delhi) to establish 1st campus of IIT Delhi in Abu Dhabi. The IIT Delhi – Abu Dhabi campus is expected to launch its academic programs in 2024 and a host of bachelor’s, master’s and PhD programs, and operate research centres related to sustainable energy and climate studies, as well as computing and data sciences.

15) Answer: C

India and the United Arab Emirates have signed a historic Memorandum of Understanding on the Local Currency Settlement (LCS) system. This groundbreaking agreement, signed between the Reserve Bank of India and the Central Bank of the UAE, aims to revolutionize cross-border transactions between the two nations. The LCS system allows for the use of the Indian Rupee and UAE Dirham in bilateral trade, marking India’s first-ever LCS arrangement. This innovative system is expected to have a transformative impact on transaction costs and processing time while also increasing reliance on local currencies.

16) Answer: D

Australia has appointed a woman, Michele Bullock to lead its central bank, for the first time ever in the 63-year history of the Reserve Bank of Australia (RBA) for the next 7 years. She will succeed Philip Lowe, who will leave office on September 17, 2023 marking the end of his 43-year career at the central bank. Bullock who currently serves as the RBA’s deputy governor will start her 7-year term on 18 September 2023.

17) Answer: C

The Defence Acquisition Council (DAC) in a meeting chaired by Defence Minister Shri Rajnath Singh, approved proposals to procure 26 Rafale-Marine fighter jets and 3 Scorpene diesel-electric submarines for the Indian Navy. The procurement of additional submarines will have high indigenous content and will help in improving the operational preparedness of the Indian Navy. This deal is likely to be signed during ongoing PM Shri Narendra Modi’s visit to France. These deals will be of around Rs 85,000 crores.

18) Answer: C

Chandrayaan-3 will cover a distance of 3.84 lakh km. The Vikram lander of the mission is expected to soft-land on the surface of the South Pole region of the Moon on around August 23 or August 24, 2023. India will become the 4th country to master the technology of soft-landing on the moon’s surface after the United States (US), China and the former Soviet Union. The Chandrayaan-3 is India’s third lunar mission. It consists of an indigenous lander module (LM), propulsion module (PM), and a rover. The propulsion module is the one that will take the lander and the rover to the moon. The lander module contains the rover.

19) Answer: C

In tennis, sixth seed Ons Jabeur will take on unseeded Marketa Vondrousova from the Czech Republic in Women’s singles.The Championships, commonly known simply as Wimbledon, is the oldest tennis tournament in the world and is regarded by many as the most prestigious. The final will begin a short while from now. In Men’s singles, Spanish top seed Carlos Alcaraz will meet Serbian second seed Novak Djokovic in the final. Alcaraz defeated Russian third seed Daniil Medvedev while Djokovic defeated Italian eighth seed Jannik Sinner in the semi-finals in straight sets.

20) Answer: C

Youth Affairs and Sports Minister Anurag Thakur hailed athlete Parul Chaudhary for putting up a determined performance and bagging a gold medal in the Women’s 3000 metres Steeplechase Final at the Asian Athletics Championships held in Bangkok, Thailand.National Centre of Excellence trained athlete clocked an impressive time of 9:38.76 to achieve this feat and she continues to bring laurels to the country.

Daily Current Affairs Quiz – 16th & 17th July 2023

Add IBPSGuide to your Homescreen!