Home » Daily Current Affairs Quiz – 17th May 2023

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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2023 of 17th May 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) As per the recent report in May 2023, which of the following network is organising Green washing Tech Sprint to combat green washing risks in financial services?

(a) Inclusive Financial Innovation Initiative

(b) Community Finance Innovation Fund

Financial Innovatizon and Transformation

ASEAN Financial Innovation Network

2) As per the recent report in May 2023, which of the following insurance company has recently launched a new debt fund?

(a) HDFC Life Insurance Company Limited

(b) ICICI Prudential Life Insurance Company Limited

(d) TATA AIA Life Insurance Company Limited

(e) PNB MetLife India Insurance

3) As per the recent report in May 2023, how much has the penalty imposed by the Securities and Exchange Board of India (SEBI)on 4 former officials of Karvy Group?

(a) Rs 1.2 crore

(b) Rs 1.9 crore

(d) Rs 3.1crore

(e) Rs 0.5 crore

4) Recently in May 2023, India’s Insurance Regulatory and Development Authority (IRDAI) set up a five-member expert committee to advise it on subjects related to mental health and insurance. Who is the head of the committee?

(a) Pratima Murthy

(b) Debasish Panda

(d) Suchindra Misra

(e) S N Rajeshwari

) The Securities Exchange Board of India (SEBI) twisted the rules about investment in mutual funds made in the name of a minor through a guardian. When will the new rule come into effect?

(a) June 15, 2023

(b) May 25, 2023

(d) May 15, 2023

(e) July 1, 2023

6) What is the name of the scheme launched by the Union Minister Smriti Irani to strengthen Early Childhood Care and Education (ECCE)?

(a) Poshan Abhiyan

(b) Sarva Shiksha Abhiyan

(d) Balika Samridhi Yojana

(e) Poshan Bhi, Padhai Bhi

7) As per the recent(May 2023) report, which of the following edition of the Chief Information Security Officer Deep-Dive Training program organized by the National e-Governance Division (NeGD)?

(a) 23^rd

(b) 25^th

(d) 36^th

(e) 42^nd

8) As per the recent report, where had the Minister for Ports, Shipping and Waterways Sarbananda Sonowal launched the Green Port Guidelines 2023 “Harit Sagar”?

(a) Pune

(b) New Delhi

(d) Gurugram

(e) Chandigarh

9) Recently (May 2023), which of the following country hosted the 6th Indian Ocean Conference (IOC)?

(a) Iran

(b) Bangladesh

(d) Pakistan

(e) Australia

10) Which of the following state Chief Minister has recently(May 2023) flagged off 406 veterinary ambulances under the ‘PashuChikitsa Ambulance’ scheme?

(a) Madhya Pradesh

(b) Karnataka

(d) Odisha

(e) Uttar Pradesh

11) Which of the following state’s Chief Minister has received a Bharat Ratna Dr Ambedkar Award from the former president of India Ram Nath Kovind?

(a) Madhya Pradesh

(b) Uttar Pradesh

(d) Bihar

(e) Gujarat

12) As per the May 2023 report, what is India’s annual retail inflation in April 2023?

(a) 3.8%

(b) 4.7%

(d) 4.2%

(e) 3.2%

13) Which of the following state government has recently(May 2023)announced the Motor Vehicle Aggregator Scheme 2023 to regulate cab aggregators and delivery service providers?

(a) Chhattisgarh

(b) Gujarat

(d) Haryana

(e) Jharkhand

14) Which of the following automobile manufacturers prepared for an expansion in the electric vehicle (EV) segment and boost its production?

(a) Tata Motors

(b) Maruti Suzuki

(d) Hyundai Motor India

(e) Ford India

15) According to a United Nations report on global maternal deaths, stillbirths and newborn deaths, which of the following country is leading in the list?

(a) India

(b) Nigeria

(d) Bangladesh

(e) China

16) As per the recent report, which of the following department has signed a Memorandum of Agreement (MoA) with the Ministry of AYUSH to enhance collaboration and cooperation in health research?

(a) Australian Government Department of Health

(b) Bihar Medical Service Corporation Limited

(d) National Health Mission

(e) Bureau of Medical Sciences

17) Who has been recently appointed as the next CEO of Twitter?

(a) Linda Nicholes

(b) Linda Yaccarino

(d) Linda Sather

(e) Linda Renjoule

18) As per the recent report, who has been appointed as the head of the Central Bureau of Investigation (CBI)?

(a) Praveen Sood

(b) Prakash Sood

(d) Prathesh Sood

(e) Pranesh Sood

19) As per the recent(May 2023) report, which of the following Indian Naval Air station has become the first Joint-User International Aerodrome in the South-Asia Pacific region?

(a) INS Gomantak

(b) INS Vajrakosh

(d) INS Hansa

(e) INS Dwarka

20) As per the recent report, which of the following country has held aBilateral Naval exerciseSamudra Shakti-23 with India?

(a) France

(b) Indonesia

(d) Mongolia

(e) Nepal

21) As per the recent report, who has become the leading wicket-taker in the Indian Premier League?

(a) Piyush Chawala

(b) Sandeep Sharma

(d) Ravichandran Ashwin

(e) Mohit Sharma

22) When was World Hypertension Day observed every year?

(a) May 12

(b) May 15

(d) May 17

(e) May 6

23) When was World Telecommunication and Information Society Day observed every year?

(a) May 25

(b) May 17

(d) May 18

(e) May 11

24) A Banking Ombudsman is a senior official appointed by the RBI to resolve customer complaints about deficiencies in certain banking services. There are four NBFC Ombudsman are there at present. Where are their offices located?

(a) Chennai

(b) Kolkata

(d) Mumbai

(e) All the above

25) ______________ is a 10-digit Alpha Numeric code used to prevent taxevasion by individuals and entities as it links all financial transactions madeby a particular individual or entity.

(a) Tax Deduction Account Number

(b) Universal Account Number

(d) Permanent Retirement Account Number

(e) International Securities Identification Number

Answers :

1) Answer: C

The Global Financial Innovation Network (GFIN) is organising its first-ever Greenwashing TechSprint to combat greenwashing risks in financial services.

The Reserve Bank of India (RBI) has announced its participation among 12 other international regulators in this initiative to develop a tool that helps the market and regulators address the issue.

RBI noted the number of investment products marketed as ‘green’ was growing.

Greenwashing risks in financial services refer to the practice of making exaggerated, misleading, or false claims about the environmental, social, and governance (ESG) characteristics of investment products or services.

This is done to attract investors who are interested in sustainable or responsible investing, but can ultimately result in harm to the environment or society.

2) Answer: B

ICICI Prudential Life Insurance Company Limited launched a new debt fund called ICICI Pru Constant Maturity Fund; it is available with the insurer’s Unit-linked insurance plans (ULIP).

This will enable customers to lock-in their investments at current high-interest rates, build long-term wealth and achieve financial goals.

ICICI Pru Constant Maturity Fund is the first such fund in the life insurance market.

ULIPs provide customers with a proposition of life cover, financial security to the family and facilitate building wealth over the long-term.

Investments in ULIPs provide tax benefits.

If annual investments made are up to ₹2.5 lakh and with a life cover of 10 times the annual premium, maturity proceeds are tax-free for customers.

Since this investment is locked up for a minimum of 5 years with the flexibility to switch between fund options, it would enable investors to build wealth.

3) Answer: B

Capital markets regulator Securities and Exchange Board of India (SEBI) imposed a penalty totalling Rs 1.9 crore on 4 former officials of Karvy Group for flouting norms in the case pertaining to misappropriation of clients’ funds by Karvy Stock Broking Ltd (KSBL).

Those penalised by SEBI are Krishna Hari G, who was Vice PresidentP (F&A) of KSBL; Srikrishna Gurazada, former compliance officer of KSBL; Srinivasa Raju, who was the General Manager- back office operations; and V Mahesh, who was the CEO of Karvy Data Management Services Limited (KDMSL).

Accordingly, SEBI has levied a fine of Rs 1 crore on Krishna Hari G, Rs 40 lakhs on Raju, Rs 30 lakh on Gurazada, and Rs 20 lakhs on Mahesh.

According to the order passed by the SEBI, they have been directed to pay the fine within 45 days.

The order came after SEBI initiated adjudication proceedings against the key persons of KSBL, who allegedly contributed/colluded with the brokerage house in its wrongdoings.

In April 2023, SEBI in its final order, had barred KSBL and its promoter Comandur Parthasarathy from the securities market for 7 years and imposed a penalty of Rs 21 crore on them for misappropriating clients’ funds by misusing the Power of Attorney given to it.

4) Answer: A

India’s Insurance Regulatory and Development Authority (IRDAI) has set up a five-member expert committee to advise it on subjects related to mental health and insurance.

The Committee chaired by National Institute of Mental Health and Neurosciences (NIMHANS) director Pratima Murthy, includes medical experts and insurers as its members.

The committee will remain effective for 2 years& provide advice on current and future coverages on mental illnesses.

It will also help with the terminology, conceptand different aspects from the point of view of the medical domain.

In addition, various aspects associated with mental illnesses from an insurance perspective will be provided.

The committee has been formed in the wake of the growing importance of mental health as a vital area for insurance coverage.

5) Answer: A

Capital markets regulator Securities Exchange Board of India (SEBI) tweaked the rules about investment in mutual funds made in the name of a minor through a guardian.

SEBI has asked all Asset Management Companies (AMCs) to make the necessary changes to facilitate such mutual fund transactions with effect from June 15, 2023.

Under the new rule, payment for investment in mutual funds by any mode will be accepted from the bank account of the minor, parent or legal guardian of the minor, or a joint account of the minor with parent or legal guardian.

For existing mutual fund folios, the AMCs will have to insist upon a change of pay-out bank mandate before redemption is processed.

6) Answer: E

Union Minister Smriti Irani launched the ‘Poshan Bhi, Padhai Bhi’ scheme.

The main aim of the ‘Poshan Bhi, Padhai Bhi’ scheme is to strengthen Early Childhood Care and Education (ECCE).

‘Poshan Bhi, Padhai Bhi’ scheme will help in making world’s largest, universal, high-quality preschool network in India.

Its main target is the overall development of children in every domain that is mentioned in the National Curriculum Framework.

EECE is the main component of Mission Saksham Anganwadi and Poshan 2.0 (Mission Poshan 2.0).

The Ministry has allocated Rs 600 crore for the training of Anganwadi Workers (AWW) to effectively implement ECCE.

Through the changes introduced by the “Poshanbhi, Padhaibhi” ECCE policy, every child would be provided with at least two hours of high-quality pre-school instruction daily.

7) Answer: D

The 36th Chief Information Security Officer Deep-Dive Training program organized by National e-Governance Division (NeGD).

The program is being organized Under Cyber Surakshit Bharat from 8th to 12th May 2023.

It is being organised at the Indian Institute of Public Administration, New Delhi, and 24 participants from Central Ministries, States, and Union Territories are participating in the exercise.

The five-day intensive training program is designed for designated CISOs from Central and State/UT Governments, Subordinate Agencies/PSUs.

In addition, the training program also covered officers who are deputed to oversee the security of Information Technology systems in their respective organizations.

8) Answer: B

“Harit Sagar” the Green Port Guidelines 2023 has been launched by Minister for Ports, Shipping and Waterways SarbanandaSonowal at a function in New Delhi.

The Guidelines envisage enhancing the ecosystem performance in port development, operation and maintenance with the concept of ‘working with nature’ and minimizing the impact on the biotic components of the port ecosystem.

It covers key points of the National Green Hydrogen Mission related to ports, development of green hydrogen facility, storage of LNG, harnessing of onshore wind energy etc. and provides opportunity for adoption of Green Reporting Initiative (GRI) standard.

Cochin Port has bagged Sagar Shreshta Award of Ministry of Ports Shipping & Waterways for best performance among all Indian Major Ports for best turnaround time in non-container port category, during the year 2022-23.

Union Minister for Ports, Shipping & Waterways SarbanandaSonowal has given the award to M. Beena, Chairperson, Cochin Port Authority at a function held in New Delhi.

The Best Absolute Performance Award for the year 2022-23 has been awarded to Deendayal Port, Kandla for handling the highest ever cargo of 137.56 MMT.

Paradip Port has received the award for Best Performance shield on Ship Berth Day Output.

Kamarajar Port has been adjudged successful in pre-berthing detention time.

Cochin Port has been given the trophy for better performance in turn-around-time (non-container port).

Best Incremental Performance Award was given to Paradip Port for achieving highest cargo growth rate of 16.56% last year.

In the incremental category, Mormugao Port has been given another award for the best Ship Berth Day Output.

Kamarajar Port has been awarded for Best Pre-Berthing Detention Time.

9) Answer: B

The 6th Indian Ocean Conference (IOC) is being hosted by Bangladesh and is being held in Dhaka.

High-level government delegations and think tanks from around 25 countries are expected to participate in the IOC.

The conference was inaugurated by Prime Minister Sheikh Hasina.

Aspects of strengthening cooperation among the countries of the Indian Ocean region were discussed in the meeting.

About 150 foreign guests are participating in the conference, including representatives from D8, SAARC and BIMSTEC.

India Foundation in association with the Ministry of Foreign Affairs, Bangladesh and S. Rajaratnam School of International Studies are organising the 6th edition of the Conference.

The Conference endeavours to bring critical states and principal maritime partners of the region together on a common platform to deliberate upon the prospects of regional cooperation for Security And Growth for All in the Region (SAGAR).

10) Answer: A

Madhya Pradesh (MP) Chief Minister (CM) Shri Shivraj Singh Chouhan inaugurated a Gau-raksha Sankalp Sammelan (Cow-Protection Resolution Conference) and flagged off 406 veterinary ambulancesunder the ‘PashuChikitsa Ambulance’ (animal ambulance) scheme at Lal Parade ground in Bhopal, MP.

A toll free number ‘1962’ has been issued for the treatment of animals during an emergency.”

A monthly aid of Rs 900 will be given to the farmers for rearing cows who will be doing natural farming.

The instalment of the scheme will be issued to 22,000 farmers this month.

Tribal people will be provided 90% subsidy on buying cows for cow rearing.

11) Answer: B

Bharat Ratna Dr Ambedkar Award has been given to UP CM Yogi Adityanath.

The award has been given by former president of India Ram Nath Kovind for creating a “fear-free Uttar Pradesh”.

On behalf of Yogi Adityanath, UP Legislative Council Member (MLC) Dr. Lalji Prasad Nirmal received the prestigious award.

Film actors Prem Chopra, Udit Narayan and Rajpal Yadav among other dignitaries were also honored with the 13th Bharat Ratna Dr. Ambedkar Award on the occasion.

12) Answer: B

India’s annual retail inflation eased to a 18-month low of 4.7% in April from 5.66 per cent the previous month.

The retail inflation was below the Reserve Bank of India’s upper tolerance limit for the second straight month.

Reserve Bank of India has projected the CPI inflation at 5.2 per cent for FY2023-24, with 5.1 per cent in Q1, 5.4 per cent in Q2, 5.4 per cent in Q3, and 5.2 per cent in Q4, and risks evenly balanced.

13) Answer: C

The Government of the National Capital Territory of Delhi (GNCTD) announced the Motor Vehicle Aggregator Scheme 2023, which is aimed at regulating cab aggregators and delivery service providers.

A draft of the scheme was approved by Delhi Chief Minister Arvind Kejriwal, which will now be sent to the Delhi LG.

This scheme prioritises the safety of passengers and ensures timely grievance redressal, while also promoting the use of electric vehicles (EVs) and reducing pollution levels in the city.

The scheme follows a ‘polluter pays’ principle, which will make the per-vehicle licence fee for a conventional vehicle significantly higher than an EV.

The scheme will also mark a historic first for the nation where a state government will be introducing a mandatory transition of commercial vehicles from conventional vehicles to electric vehicles.

The Aggregator and Delivery service provider shall also be mandated to switch to an all-electric fleet by April 1, 2030.

The scheme will make it mandatory for aggregators to install a panic button and integration with 112 (Delhi Police) for emergencies.

14) Answer: D

Hyundai Motor India Ltd (HMIL) prepared for an expansion in the electric vehicle (EV) segment and ramping up its production.

To this effect, the company has signed an agreement with the Tamil Nadu government for a large-scale investment of ₹20,000 crore to be spent over 10 years (2023-2032).

The proposed investment will be spent on establishing an EV battery pack assembly unit, the development of new vehicle platforms (such as EVs) and new models (Internal Combustion Engine and EV), and the ramp up of production capacity, among others.

The company will also be investing in increasing the production capacity at its Sriperumbudur factory near Chennai, to 8.5 lakh units per year from the current 7.7 lakh units.

Hyundai Motor India Ltd is a wholly-owned subsidiary of the Hyundai Motor Company headquartered in South Korea.

15) Answer: A

According to a United Nations report, India is leading the list of 10 counties that together account for 60 per cent of global maternal deaths, stillbirths and newborn deaths, and 51 per cent of live births globally.

This report has been released at the ongoing ‘International Maternal Newborn Health Conference’ (IMNHC 2023).

As per the report, 4.5 million deaths — maternal deaths (0.29 million), stillbirths (1.9 million) and newborn deaths (2.3 million) occurred in 2020-21.

According to the first-ever joint Every Newborn action Plan (ENAP) and Ending Preventable Maternal Mortality (EPMM) progress tracking report, global progress has slowed in deaths of pregnant women, mothers and babies in the last eight years.

The largest number of newborn and maternal deaths has been witnessed in Sub-Saharan Africa and Central and Southern Asia regions.

In 2020, 7,88,000 maternal deaths, stillbirths and neonatal deaths occurred in India.

India is followed by Nigeria, Pakistan, the Democratic Republic of the Congo, Ethiopia, Bangladesh and China.

India is responsible for 17 per cent of global live births which could be a factor for the large number of maternal deaths, stillbirths and neonatal deaths.

16) Answer: C

Indian Council of Medical Research (ICMR) and the Ministry of AYUSH have signed a Memorandum of Agreement (MoA).

MoA is to enhance collaboration and cooperation in health research in the field of Integrated Medicine.

V.K. Paul, Member (Health), NITI Aayog said, this step will help Ayush departments in AIIMS evolve into departments of Integrative Medicine.

Integrative Health Research is a transdisciplinary, holistic approach in which the benefits of co-administering conventional and non-conventional medical practices are investigated.

Health Minister Mansukh Mandaviya said that ICMR and AYUSH will work together to boost Ayurveda’s identity based on scientific evidence.

A joint working group will be created between the Ministry of AYUSH and ICMR.

The joint working group will meet quarterly for exploring further areas of collaboration.

Both organisations will also work towards developing mutual cooperation for facilitating scientific validation and providing evidence for AYUSH systems.

17) Answer: B

Twitter Chief Executive Officer (CEO)Elon Musk announced that Linda Yaccarino will be the social media platform’s next CEO.

She would succeed Elon Musk.

Linda Yaccarino is the first female Twitter CEO& also the first to come from non-tech background.

18) Answer: A

Karnataka Director General of Police (DGP) Praveen Sood will become the next head of the Central Bureau of Investigation (CBI).

He has been appointed to the post for a period of 2 years from the date of assuming charge after outgoing CBI chief Subodh Kumar Jaiswal completes his tenure on May 25, 2023.

A high-powered panel comprising Prime Minister Shri Narendra Modi, Chief Justice of India DY Chandrachud and Leader of the Opposition in the Lok Sabha Adhir Ranjan Chowdhury decide on Jaiswal’s successor.

19) Answer: D

Goa-based Indian Naval Ship (INS) Hansa has become the first Joint-User International Aerodrome in the South-Asia Pacific region to be augmented with the Required Navigation Performance (RNP) approach.

The RNP approach will reduce dependency for navigation on ground-based equipment such as Very-High Frequency Omnidirectional Radio (VOR) and Instrument Landing System (ILS).

This naval air station has grown to become a full-fledged airfield that handles domestic and international flights around the clock.

A team of AAI officials visited the Air Station between April 7-8, 2022, towards the formulation of Letters of Agreement (LOA) between INS Hansa and Manohar International Airport

20) Answer: B

The 4th edition of India-Indonesia Bilateral Naval exercise Samudra Shakti-23 between the Indian Navy & the Indonesian Navy was held at Batam, Indonesia from 14-19 May 2023.

To enhance interoperability, jointness and mutual cooperation between both navies.

Indian Navy – Indian Naval Ship (INS) Kavaratti, indigenously designed & built Anti Submarine Warfare (ASW) Corvette, Indian Navy Dornier Maritime Patrol aircraft and Chetak helicopter.

Indonesian Navy – KapalPerangRepublik Indonesia (KRI), or Naval Vessel of the Republic of Indonesia Sultan Iskandar Muda, CN 235 Maritime Patrol Aircraft and AS565 Panther Helicopter.

21) Answer: C

Rajasthan Royals bowler Yuzvendra Chahal became the leading wicket-taker in the Indian Premier League.

He has taken a total of 184 wickets in the 143 matches of the Indian Premier League.

Dwayne Bravo is in the second spot with 183 wickets in 161 matches.

Rajasthan Royals’ Yashasvi Jaiswal scored the fastest 50 in 13 balls in the Indian Premier League.

Jaiswal smashed the fifty in merely 13 deliveries, smashing the joint-record previously held by KL Rahul and Pat Cummins (14 balls).

22) Answer: D

World Hypertension Day 2023 is celebrated on May 17.

This day is prompted by the World Hypertension League(WHL).

The theme of World Hypertension Day 2023 is “Measure Your Blood Pressure Accurately, Control It, Live Longer”.

The WHL launched its first WHD on May 14, 2005.

Since 2006, the WHL has been dedicating May 17 of every year as WHD.

World Hypertension affects more than 30% of adult people and affects more than 1 billion people around the world.

Hypertension also affects chronic kidney disease, heart disease, cardiovascular disease, etc.

23) Answer: B

World Telecommunication And Information Society Day 2023 is celebrated on May 17.

The theme of World Telecommunication And Information Society Day 2023 is “ DigitalTechnologies for Older Persons and Healthy Ageing”.

In 1973, World Telecommunication And Information Society Day was instituted by Plenipotentiary Conference in Malaga-Torremolinos.

In November 2005, the World Summit on World Telecommunication AndInformation Day called the United Nations General Assembly (UNGA) to declare May 17 as World Telecommunication And Information Society Day.

24) Answer: E

The Four NBFC Ombudsman offices have been established in Chennai, Kolkata,New Delhi, and Mumbai.

25) Answer: C

A permanent Account Number is used to prevent tax evasion by individualsand entities as it links all financial transactions made by a particular individualor entity.

Daily Current Affairs Quiz – 17th May 2023

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