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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2023 of 21st 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.
1) PhonePe Launched India’s 1st Health Insurance Platform with Monthly Subscription. It covers up to how much rupees (in crore)?
(a) 1
(b) 2
(c) 5
(d) 3
(e) 10
2) Under the Banking Regulation Act of _______, RBI cancelled the license of Uttar Pradesh-based United India Co-operative Bank.
(a) 1945
(b) 1946
(c) 1948
(d) 1949
(e) 1944
3) Which bank establish a new trustee company for managing the Corporate Debt Market Development Fund?
(a) SBI
(b) ICICI
(c) HDFC
(d) Canara
(e) PNB
4) PSBs to step up one-time settlement in written-off loans to meet how much percentage recovery target set by Finance Ministry and RBI?
(a) 50
(b) 30
(c) 45
(d) 40
(e) 25
5) IRDAI Appoints Cholamandalam MS Insurance as A Lead Insurer for West Bengal. The vision of IRDAI is “Insurance for All” by ___________________.
(a) 2030
(b) 2032
(c) 2047
(d) 2045
(e) 2050
6) Pension Fund Regulatory and Development Authority (PFRDA), is seeking bids for its intranet portal – PINTRA. Which is the first phase of PINTRA?
(a) TARCH
(b) POISE
(c) PRISM
(d) MIS
(e) TINTA
7) One District One Product (ODOP) program is an initiative under which organization?
(a) FATF
(b) DPIIT
(c) CBDT
(d) FICCI
(e) NHB
8) The Union Health Minister launched the common regulator’s platform ‘SaNGRAH’. In how many regional languages is it available?
(a) 6
(b) 7
(c) 8
(d) 5
(e) 3
9) The Startup20 and the Jagriti Foundation have joined forces to launch ‘Global Yatra,’ a global campaign to promote inclusive entrepreneurship. How many days campaign is Global Yatra?
(a) 15
(b) 12
(c) 14
(d) 10
(e) 16
10) Goa state Chief Minister announces Electric Vehicle mandate for state from which year?
(a) 2023
(b) 2024
(c) 2025
(d) 2028
(e) 2030
11) Where will India host the G20 Global Food Regulators Summit?
(a) Gujarat
(b) Goa
(c) New Delhi
(d) Madhya Pradesh
(e) Karnataka
12) Pakistan’s Prime Minister Sharif launched how many megawatt for Chinese-designed nuclear energy project?
(a) 1000
(b) 1200
(c) 1500
(d) 1300
(e) 1600
13) Department of Animal Husbandry & Dairying has established a Credit Guarantee Fund Trust of how many rupees (in crores)?
(a) 700
(b) 650
(c) 750
(d) 725
(e) 755
14) Piyush Goyal presents the roadmap for reaching the aim of $250 billion in textile production and $100 billion in textile exports by which year?
(a) 2032
(b) 2025
(c) 2030
(d) 2040
(e) 2035
15) The Ministry of Textiles organized Chintan Shivir to brainstorm on various issues relating to the textile sector. How many themes are there in group brainstorm?
(a) 4
(b) 5
(c) 6
(d) 3
(e) 1
16) In Budget Estimate (BE) stage, NER received Rs. 94679.53 crore under 10% GBS for the fiscal year 2023-24. What does “S” represent in GBS?
(a) Service
(b) Stock
(c) Support
(d) Sector
(e) Statistics
17) Rakesh Pal appointed as ______Director General of Indian Coast Guard.
(a) 24
(b) 23
(c) 25
(d) 28
(e) 22
18) The Central Government appoints Sat Pal Bhanoo as Managing Director of which company?
(a) GIC
(b) NIA
(c) LIC
(d) IRDA
(e) PFDRA
19) How many baby stars are there in Rho Ophiuchi cloud complex picture?
(a) 45
(b) 25
(c) 50
(d) 55
(e) 60
20) Which of the following statement is false about Simplifai Insurance GPT?
(a) ChatGPT-like enhanced decision making for automated claims management, while maintaining privacy and data security.
(b) Simplifai is the first to be trained specifically on information directly relevant to the insurance industry.
(c) Fitting into existing ecosystems
(d) Being ever vigilant about security
(e) Need code necessity
21) ISRO & Bhabha Atomic Research Center join hands to develop nuclear engines for rockets called as RTG. What does “T” represent in RTG?
(a) Technical
(b) Technology
(c) Thermoelectric
(d) Tool
(e) Translunar
22) Where is Thulusdhoo island located?
(a) Sri Lanka
(b) Bangladesh
(c) Thailand
(d) Maldives
(e) Myanmar
23) Indian Surf Team wins bronze medal at Asian Surfing Championship in Maldives. In which state of India, the first ever World Surfing League going to be held?
(a) Kerala
(b) Andhra Pradesh
(c) Goa
(d) Tamil Nadu
(e) Arunachal Pradesh
24) ISSF Junior World C’ships: Harmehar Singh Lally, and Sanjana Sood won silver medal in skeet mixed team event. Where is the headquarters of ISSF?
(a) Lausanne
(b) Oslo
(c) Moscow
(d) Geneva
(e) Munich
25) Where is the headquarters of Simplifai AI Solution Company?
(a) Lausanne
(b) Oslo
(c) Moscow
(d) Geneva
(e) Munich
Answers :
1) Answer: A
PhonePe Insurance Broking Services, a wholly owned subsidiary of PhonePe Private Limited, has launched health insurance plans offering comprehensive insurance in partnership with leading insurers. With this, PhonePe has also introduced the Unified Payments Interface (UPI) monthly mode of payment, making them affordable for customers. These health insurance plans, which come with coverage up to Rs 1 crore. A user can also avail of innovative features like a bonus cover up to 7 times the base cover amount for each claim-free year.
2) Answer: D
The Banking Regulation Act, 1949. The Reserve Bank of India (RBI) has cancelled the licence of United India Co-operative Bank Limited, Nagina, Bijnor, and Uttar Pradesh (UP) and asked the bank not to carry on any banking business. The RBI cancelled the licence of the bank as the bank does not have adequate capital and earning prospects and the continuance of the bank is prejudicial to the interests of its depositors.
3) Answer: A
State Bank of India (SBI) will set up a new trustee company as its wholly-owned subsidiary for managing the Corporate Debt Market Development Fund (CDMDF). CDMDF will act as a backstop facility for purchase of investment grade corporate debt securities to instil confidence amongst the participants in the corporate bond market during times of stress and to generally enhance secondary market liquidity by creating a permanent institutional framework for activation in times of market stress. SBI Funds Management Ltd (SBIFML), the asset management company (AMC) of SBI Mutual Fund, has been identified as the investment manager-cum-sponsor of CDMDF, India’s largest bank stated in a regulatory filing. SBI has 62.53% stake in SBIFML.
4) Answer: D
Public sector banks (PSBs) are expected to step up one-time settlement (OTS) in written-off loans as the Finance Ministry and the RBI have emphasised on the importance of improving recovery from these accounts.Since legal action can be drawn out, the state-owned lenders are seen actively pursuing OTS to meet the Finance Ministry-set target of making about 40% recovery from written-off loan accounts. PSBs could recover only 14% (or ₹1.03-lakh crore) from written-off loans aggregating ₹7.34-lakh crore in the last five years ended March 2022.
5) Answer: C
IRDAI’s vision of “Insurance for All by 2047”. Non-life insurer Cholamandalam MS Insurance has been appointed lead insurer for West Bengal by the Insurance Regulatory and Development Authority of India (IRDAI). In this role, it will focus on various aspects of health protection, coverage against natural calamities, increasing employment opportunities for locals, and protecting MSME businesses through comprehensive insurance offerings.
6) Answer: A
Pension regulator, the Pension Fund Regulatory and Development Authority (PFRDA), is seeking bids for its intranet portal – PINTRA as part of their digital transformation through its Technology Architecture (TARCH) project.PINTRA is the first phase of the Authority’s Technology Architecture (TARCH) project, and the pension regulator is in the process of selecting a Systems Integrator (SI) vendor for this module.
7) Answer: B
One District One Product (ODOP) program, an initiative under the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry, launched its first collaboration with the Government of Gujarat in New Delhi to promote the indigenous crafts and artisans of the State.Gujarat, with its 33 districts, exemplifies the vast geographic coverage and potential for diverse products across the state. ODOP-Gujarat features a rich collection of 68 unique products, ranging from traditional crafts like Gatha Block print and Mata-in-Paced to agricultural goods such as groundnuts and cumin.
8) Answer: C
The Union Health Minister also launched the common regulator’s platform ‘SaNGRAH’ – Safe Food for Nations: Global Food Regulatory Authorities Handbook. It is a database of Food Regulatory Authorities of 76 countries across the world, their mandate, food safety ecosystem, food testing facilities, and contact details for food authorities, SPS/ TBT/Codex/ WAHO etc. Apart from Hindi and English, SaNGRAH is also available in six regional languages – Gujarati, Marathi, Tamil, Telugu, Kannada and Malayalam.
9) Answer: C
Startup20 Engagement Group, under India’s G20 presidency, has taken another transformative leap towards revolutionizing entrepreneurship across India by collaborating with Jagriti Foundation, a renowned non-profit organization dedicated to fostering robust entrepreneurship ecosystems in Tier 2/3 cities in India.This diverse group of entrepreneurs, innovators, and change-makers will come together to exchange ideas, forge partnerships, and create solutions for some of the most pressing challenges faced by our societies over a 14-day national train journey.
10) Answer: B
Goa Chief Minister Pramod Sawant announces Electric Vehicle is mandate from 2024. A one-day conference titled “Policy Support & Enablers to Accelerate India’s Electric Mobility,” organized by NITI Aayog and supported by WRI India and Asian Development Bank, was held on the sidelines of the fourth Energy Transition Working Group (ETWG) meeting under India’s G20 Presidency. G20 talks centreon Electric Vehicle Finance Innovations and the Future Electric Mobility Landscape offered valuable insights for stakeholders to navigate the evolving electric mobility ecosystem.
11) Answer: C
The Global Food Regulators Summit 2023 is being organised in New Delhi, Delhi for the first time, as a G20 or Group of 20 event. The summit is being organised by Food Safety and Standards Authority of India (FSSAI) under the aegis of the Ministry of Health and Family Welfare on 20th and 21st July, 2023 at Manekshaw Auditorium, New Delhi. For the first time, this summit is being held outside Rome, Italy. Dr Mansukh Mandaviya, Union Minister of Health and Family Welfare (MoHFW) unveiled the logo of the Summit in presence of Minister of State for Health and Family Welfare, Prof. S P Singh Baghel.
12) Answer: B
Pakistan’s Prime Minister (PM) Mr Shehbaz Sharif launched the construction of a 1,200-megawatt Chinese-designed nuclear energy project, which will be built at a cost of $3.5 billion as part of the government efforts to generate more clean energy in the Islamic nation. The ceremony marking the start of the project comes less than a month after Pakistan signed an agreement with China’s National Nuclear Corporation Overseas in the capital, Islamabad, to construct a Hualong One reactor -a third-generation nuclear reactor and is considered safer because of the latest security features.
13) Answer: C
DAHD has established a Credit Guarantee Fund Trust of Rs. 750.00 crores, which will provide credit guarantee coverage for up to 25% of the credit facilities extended to the MSMEs by the eligible lending institutions. Animal Husbandry and Dairying is implementing the Credit Guarantee Scheme under Animal Husbandry Infrastructure Development Fund (AHIDF) to strengthen the credit delivery system and facilitate a smooth flow of credit to the Micro, Small & Medium Enterprise (MSMEs) engaged in Livestock sector without hassles of collateral security.
14) Answer: C
Union Minister for Textiles, Consumer Affairs, Food and Public Distribution and Commerce and Industry, Shri Piyush Goyal discussed the roadmap to achieve the target of $250 billion in textiles production and $100 billion in exports by 2030. While interacting with the officers and staff during the Chintan Shivir organized by the Ministry of Textiles, Shri Goyal emphasized a holistic approach towards making the Textile sector more vibrant to prepare to take on global competition.
15) Answer: B
Group Brainstorming sessions were held on five themes: Promoting Exports; Investment- Building Size and Scale; Sustainability; Shift from Natural to Man Made Fiber and Improving Service Delivery. Detailed presentations were made by the respective groups giving specific recommendations and solutions to the problems posed. Shri Gaur Gopal Das, lifestyle coach and motivational speaker and Shri Vivek Sahni, CEO and Co-Founder, of Kama Ayurveda addressed the participants and shared their perspectives and experience.
16) Answer: C
The extant policy of the Government, all non-exempted Central Ministries/Departments (currently 55 in number) are mandated to spend at least 10% of their Gross Budgetary Support (GBS) on Central Sector and Centrally Sponsored Schemes for North Eastern Region (NER).The Ministry of Development of the North Eastern Region (MDoNER) monitors and keeps track of such expenditures. An allocation of Rs. 94679.53 crore has been made under 10% GBS for the year 2023-24 for NER at Budget Estimate (BE) stage.
17) Answer: C
DG Rakesh Pal has been appointed as the 25th Director General of the Indian Coast Guard (ICG). He was elevated to the rank of Additional Director General in February 2022 and was posted at Coast Guard Headquarters, New Delhi. He was given the additional charge of Director General Coast Guard in February 2023. For his illustrious service he has been conferred with the award of Tatrakshak Medal (TM) in 2013 and President Tatrakshak Medal (PTM) for distinguished service in 2018.
18) Answer: C
Life Insurance Corporation (LIC) has appointed Sat Pal Bhanoo as the managing director (MD) of the company. He will take over as the LIC MD in place of Siddhartha Mohanty, who was appointed as the chairman of LIC in April, 2023. Bhanoo’s appointment is effective from the date of assumption of charge and up to the date of his superannuation on December 31, 2025 or until further orders, whichever is earlier.
19) Answer: C
NASA released a new image of a small star-forming region captured by James Webb Space Telescope to celebrate the completion of the telescope’s first year of science. The new image features the nearest star-forming region in the Rho Ophiuchi cloud complex. Its proximity at 390 light-years allows for a highly detailed close-up, with no foreground stars in the intervening space. The region contains approximately 50 young stars, all of them similar in mass to the Sun, or smaller. The pictured cloud complex, known as Rho Ophiuchi, is the closest 50 baby stars -forming region to Earth.
20) Answer: E
While many insurance firms have integrated and utilised ChatGPT or Google Bard, Insurance GPT by Simplifai is the first to be trained specifically on information directly relevant to the insurance industry. By offering the insurance industry’s first custom, cloud-based, private Software-as-a-Service LLM, Simplifai can allay these concerns through: Fitting into existing ecosystems; Being ever vigilant about security; Maintaining ‘No code necessary’.
21) Answer: C
ISRO-BARC are developing called Radio thermoelectric generators (RTGs). India’s space agency, Indian Space Research Organisation (ISRO), is jointly developing a nuclear-powered engine along with Bhabha Atomic Research Center (BARC), it is reliably learnt. The RTGs use radioactive materials, such as Plutonium-238 or Strontium-90, which release heat as they decay. Essentially, the engine contains two parts, the radioisotope heater unit (RHU) which generates heat and the RTG, which converts the heat into electricity.
22) Answer: D
Kaafu Atoll’s Thulusdhoo is home to its government, in the country of Maldives. 26.81 kilometers (17 miles; 14 nautical miles) separate the island from Malé, the nation’s capital. Thulusdhoo has a total land area of 33 hectares (82 acres), is 1.580 km (0.982 mi) long, and is only 0.680 km (0.423 mi) broad.
23) Answer: D
Indian Surf Team won the bronze medal at the Asian Surfing Championship, held at Thulisdhoo Island in Maldives. 18 countries from Asia took part in this championship. Srikanth from Kovalam, Tamil Nadu made it to the semi-finals in the Men’s Category. The first-ever World Surfing League (WSL) event in India to be held in Mahabalipuram in Tamil Nadu from August 14 to 20 this year. The World Surf League is the governing body for professional surfers and is dedicated to showcasing the world’s best talent in a variety of progressive formats.
24) Answer: E
Sanjana Sood and Harmehar Singh Lally bagged the mixed skeet silver medal in the Junior World Championship in Changwon, Korea. The International Shooting Sport Federation is the governing body of the Olympic shooting events. It also regulates several non-Olympic shooting sports events.
President: Luciano Rossi
Founded: 1907
Headquarters: Munich, Germany
Membership: 150 regions
Secretary: Willi Grill (Secretary-General)
25) Answer: B
Simplifai is a secure AI solutions company. Founded in 2017 and Headquarters in Oslo, Norway. Its AI Automation platform is used to create Simplifai Archiver, Claims Handling, Document Handling, Debt Collection and Customer Service solutions. Simplifai, an AI automation solutions firm, has launched Simplifai Insurance GPT, a custom-built, world-first GPT tool fuelled by the company’s no-code AI-powered platform.
