Home » Daily Current Affairs Quiz – 23rd & 24th July 2023

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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2023 of 23rd & 24th 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.

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1) SEBI introduced 6 new mutual fund strategies under the ESG theme. Which of the following statement is false according to the theme?

(a) Currently, regulatory requirements allow mutual funds to launch only one scheme with ESG investing under the thematic category

(b) ‘Exclude’ securities will be based on certain ESG-related activities, business practices, or business segments.

(d) These measures will facilitate green financing with a thrust on enhanced disclosures and mitigation of greenwashing.

(e) As per the SEBI, a minimum of 70% of the total assets under management (AUM) of ESG schemes

2) For how many years, the Ministry of Corporate Affairs exempts regional rural banks from CCI’s merger control regime?

(a) 4

(b) 3

(d) 6

(e) 8

3) Recently in July 2023, India’s forex reserves swells by USD 12.74 billion to how much USD in billion?

(a) 509.02

(b) 562.02

(d) 619.21

(e) 609.02

4) Karnataka Bank hosts the ‘KBL – FinOne’ – fintech partnership programme in Bengaluru. KBL is a _______ class scheduled commercial bank.

(a) B

(b) C

(d) E

(e) D

5) In which state did, Indian Bank launch the Resources Acquisition Centre to Strengthen Deposit Portfolio?

(a) Gujarat

(b) Tamil Nadu

(d) Karnataka

(e) Kerala

6) Which bank upgrades the tech platform & appoints Boston Consulting Group for digital transformation?

(a) BOB

(b) BOM

(d) IOB

(e) HDFC

7) Federal Bank raises Rs 959 crores from International Finance Corporation (IFC) through preferential issue of shares. How many membership countries are there in IFC?

(a) 189

(b) 205

(d) 185

(e) 186

8) Reliance General Insurance will receive how much amount (Rs (in crore)) capital infusion from Reliance Capital?

(a) 150

(b) 250

(d) 200

(e) 275

9) The Reserve Bank of India (RBI) has granted permission for Gujarat urban cooperative banks to open new branches without its approval. Currently how many urban cooperative banks are there?

(a) 242

(b) 156

(d) 214

(e) 216

10) Which bank is set to sign ₹3,000 crores IT transformation deal to revamp and enhance its tech infrastructure?

(a) Axis Bank

(b) ICICI Bank

(d) Canara Bank

(e) SBI

11) Amit Shah inaugurated the Aviation Security Control Center of CISF at Mahipalpur campus in which state/UT?

(a) Puducherry

(b) Ladakh

(d) Chandigarh

(e) Jammu and Kashmir

12) Where will the 5th Helicopter and Small Aircraft Summit be held?

(a) Maharashtra

(b) West Bengal

(d) Arunachal Pradesh

(e) Himachal Pradesh

13) Algeria applied to Join BRICS Bank with an amount of how much billion dollar?

(a) 1.2

(b) 1.5

(d) 2.5

(e) 1.8

14) Which country & the United States jointly launched a call for proposals on Critical and Emerging Technology of Quantum Technologies and Artificial Intelligence for Transforming Lives?

(a) Japan

(b) UK

(d) India

(e) France

15) Assam to ban packaged drinking water bottles of less than how many litres from October 2023?

(a) 5

(b) 1

(d) 10

(e) 1.5

16) Which state government & UNFPA launch chatbot for adolescents, young adults on social, sexual health issues under the model of Dhruv and Drishti?

(a) Mizoram

(b) Tripura

(d) Sikkim

(e) Madhya Pradesh

17) Indian-origin doctor S. Vincent Rajkumar becomes new chairman of International Myeloma Foundation. The meaning of Myeloma is_______

(a) Unpaired

(b) Multiple

(d) Different

(e) Disorders

18) Recently in July 2023, The President of India Droupadi Murmu appointed Chief justices of 4 new High Courts. How many female justices are currently appointed?

(a) 2

(b) 1

(d) 0

(e) 4

19) Which technology company has joined the XR Startup Programme, an initiative between Meta and the MeitY Startup?

(a) Wipro

(b) TCS

(d) Tech Mahindra

(e) CTS

20) Which IT company had won a multi-year deal from the British Broadcasting Corporation (BBC) to transform its finance and payroll functions?

(a) Wipro

(b) TCS

(d) Tech Mahindra

(e) CTS

21) Which of the following statement is false about the 8th and 9th National Community Radio Awards?

(a) The award-winning Community Radio Stations are situated in the States of Haryana, Bihar, Odisha, Uttar Pradesh, Uttrakhand, Tamil Nadu, Rajasthan and Tripura.

(b) First Prize for thematic awards: Radio Mind Tree, Ambala, Haryana; Name of Programme: Hope Jeene Ki Rah

(d) Community Radio Stations play a key role in realizing the vision of Prime Minister Shri Narendra Modi of Jan Bhagidari se Jan Andolan.

(e) Community Radio Sammelan (North) which was inaugurated by the union minister at the Indian Institute of Mass Communication in New Delhi.

22) Virat Kohli created history, becoming the first cricketer to score a hundred in his _______ international game

(a) 300th

(b) 400th

(d) 500th

(e) 250th

23) Satwiksairaj Rankireddy and Chirag Shetty won title at the Korea Open 2023 in Yeosu, Korea. Which sport do they belong to?

(a) Badminton

(b) Tennis

(d) Athletics

(e) Archery

24) When was the India Broadcasting Company came into existence and became the first radio company in India?

(a) 1947

(b) 1936

(d) 1941

(e) 1932

25) According to which organization, India’s outward FDI nosedived to $11.12 billion in January-June (H1 2023) from $23.57 billion in the same period last year?

(a) WB

(b) ADB

(d) IMF

(e) WEF

Answers :

1) Answer: E

As per SEBI, a minimum of 80% of the total assets under management (AUM) of ESG schemes would need to be invested in equity instruments of that particular strategy of the scheme. Further, the remaining portion of the investment cannot be in contrast to the strategy of the scheme. Presently, the ESG schemes are mandated to invest only in such companies which have comprehensive Business Responsibility and Sustainability Reporting (BRSR) disclosures.

2) Answer: C

The Centre has exempted Regional Rural Banks (RRBs) from the purview of merger control regime of the Competition Commission of India (CCI). The Corporate Affairs Ministry (MCA) stated that the exemption from prior scrutiny and approval of CCI would be available for 5 years. This step will lead to the merger of RRBs without the prior scrutiny and approval of CCI. As per the order of MCA, RRBs are exempted from the application provisions of section 5 and 6 of the Competition Act, 2002 for 5 years. Sections 5 and 6 apply to the combination of enterprises.

3) Answer: E

The Reserve Bank of India (RBI) stated that India’s forex reserves have swelled by USD 12.743 billion to USD 609.022 billion in July 14, 2023 making it one of the strongest weekly surges in the kitty. In the previous reporting week, forex reserves had increased by USD 1.23 billion to reach at USD 596.28 billion.Gold reserves increased by USD 1.137 billion and reached USD 45.197 billion. The Special Drawing Rights (SDRs) increased by USD 250 million to reach USD 18.484 billion.

4) Answer: C

Private sector lender, Karnataka Bank hosted the first edition of ‘KBL – FinOne’, a fintech partnership programme, in Bengaluru, Karnataka.It is an ‘A’ Class Scheduled Commercial Bank. Forging collaborations to develop innovative business models, providing seamless banking experience and offering a complete product suite. The event is hosted in association with “The Fintech Meetup”. The first edition of ‘KBL – FinOne’ featured over 30 speakers from various fintechs, delving into some of the interesting and relevant topics such as emerging lending models, neo-banks, platformization, including no code – low code, embedded finance, cards infrastructure, payment innovations, etc.

5) Answer: C

India’s 7th largest Public Sector Bank, Indian Bank launched Resources Acquisition Centre (RAC).To strengthen the retail deposit portfolio, which encompasses current deposit, savings bank and term deposit accounts. The inaugural ceremony of the first Resources Acquisition Centre took place on 20th July 2023 in Mumbai (Southern), Maharashtra. The bank plans to open 20 RACs at ultra-potential centres in phase-I to bolster its deposit portfolio. The RACs will play a pivotal role in driving innovation, enhancing customer experiences, and fortifying the bank’s deposit base.

6) Answer: B

Bank of Maharashtra (BoM) has upgraded its technology platform to promote digital transactions and provide most offerings on a self-service platform.This follows a partnership with Boston Consulting Group (BCG) for digital transformation initiatives. Bank has on boarded a/dditional products in its LLMS system & has implemented initiatives like “Maha E-power” for uninterrupted power supply & “Remote Account Monitoring system” for compatible account statements for its corporate customers. The Bank has also successfully implemented Robotic Process Automation (RPA) in 10 key utilities, which reflects the Bank’s conscious approach to staying at the forefront of the evolving digital landscape.

7) Answer: E

India’s Federal Bank has raised 9.59 billion Indian rupees ($116.92 million) via preferential issues of shares to the International Finance Corporation (IFC), a member of the World Bank Group and membership of 186 countries.Post the acquisition, IFC and related entities will hold equity of nearly8% in the bank. The IFC is an international financial institution that offers investment, advisory, and asset-management services to encourage private-sector development in less developed countries.

8) Answer: D

Reliance General Insurance will soon receive an equity infusion of Rs 200 crore from its parent Reliance Capital which is undergoing bankruptcy proceedings.Following the infusion, the insurance firm will raise an additional Rs 400 crore, mostly through debt, to fund its growth. The committee of creditors (CoC) of RCap has approved Rs 200-crore capital infusion, which is likely to be made by the end of August, 2023. Reliance General Insurance is the most valuable asset through which lenders hope to recover a substantial part of their dues, and any dip in its valuation would correspondingly lower the company’s valuation.

9) Answer: D

Gujarat is set to witness a new phase of expansion in the urban cooperative banking sector, as the Reserve Bank of India (RBI) has granted permission for urban cooperative banks to open new branches without its approval.Currently, Gujarat has 214 urban cooperative banks with a total of 1,113 branches. Following this decision, it is anticipated that the state will see the addition of at least 100 new branches within the next year. Chairman of the Gujarat Urban Cooperative Banks Federation was Jyotindra Mehta

10) Answer: D

Public sector bank Canara Bank will be signing a ₹3,000 crore IT transformation deal to revamp and enhance its tech infrastructure. In a highly competitive bidding race, global tech giants IBM and its managed infrastructure services spin-off Kyndryl are the frontrunners, positioning themselves to secure the partnership.To modernise and enhance Canara Bank’s technological capabilities, enabling it to provide efficient banking solutions to its customers.

11) Answer: C

Union Home Minister and Minister of Cooperation, Shri Amit Shah inaugurated the Aviation Security Control Center (ASCC) of the Central Industrial Security Force (CISF) at the Mahipalpur campus in New Delhi. Director-General CISF, Shri Sheel Vardhan Singh and several senior officers of the force were also present on the occasion. Aviation Sector is one of the most dynamic, publicly visible and international environment-sensitive sectors. CISF has done a commendable job in effectively establishing the security arrangements, right from the day of assuming the responsibility of the aviation sector.

12) Answer: C

The 5th Helicopter & Small Aircraft Summit is to be jointly organised by the Ministry of Civil Aviation, Government of Madhya Pradesh, Pawan Hans Ltd. and the Federation of Indian Chambers of Commerce and Industry (FICCI) 2023 in Khajuraho, Madhya Pradesh. The event’s theme is “Reaching the Last Mile: Regional Connectivity through Helicopters & Small Aircraft”. The objective of the summit includes enhancing the scope of the UDAN scheme in remote & hilly terrains. Enhance the scope of the UDAN Scheme in remote and hilly terrains and expand the country’s rural to urban connectivity. Boost Helicopter & Small Aircraft connectivity to places with existing and potential tourism hotspots by providing uninterrupted services.

13) Answer: B

Algerian President, Abdelmadjid Tebboune informed that Algeria has applied to join the BRICS (Brazil, Russia, India, China and South Africa) group and submitted a request to become a shareholder member of BRICS Bank with an amount of $1.5 billion.Argentina, Iran, Saudi Arabia, the United Arab Emirates, Cuba, Democratic Republic of Congo, Comoros, Gabon, and Kazakhstan have expressed interest in joining the BRICS group of nations

14) Answer: D

India and the United States (US) jointly launched a call for collaborative proposals on “Critical and Emerging Technology: Quantum Technologies and Artificial Intelligence for Transforming Lives”.The Indo-U.S. Science and Technology Forum (IUSSTF) and the Secretariat for U.S.-India Science and Technology Endowment Fund (USISTEF) have designed the program. The call will remain open till August 31, 2023 and will invite promising joint Indo-U.S. technology innovation and entrepreneurial proposals that are commercially viable and socially relevant. It will provide a significant boost to the domestic as well as the US priorities looking at various facets of Sustainable Development Goals (SDG).

15) Answer: B

The Assam government has decided to ban packaged drinking water bottles of less than one litre from October 2, 2023. Chief Minister Himanta Biswas Sarma announced that from October 2024, bottles of less than two litres will also be banned in Assam. The ban will come into effect from October 2 with a 3-month transition period provided. At the cabinet meeting, consolidated administrative approval was given for phase I of ADB-aided ‘Climate Resilient Brahmaputra Integrated Flood and Riverbank Erosion Risk Management Project’. It will be executed through Flood and River Erosion Management Agency of Assam at a cost of ₹2,097.88 crore.

16) Answer: E

The Madhya Pradesh (MP) government and the United Nations Population Fund, formerly the United Nations Fund for Population Activities (UNFPA) launched an Artificial Intelligence-enabled chatbot to address the critical need for accurate and accessible information on social issues and sexual and reproductive health and rights (SRHR) among adolescents and young adults.The user experience is designed to be safe, personalised, multi-lingual and empathetic. It features two aspiring role models, Dhruv and Drishti, who communicate information in a simple and relatable manner.

17) Answer: B

Myeloma is called “multiple” because there are frequently multiple patches or areas in the bone where it grows. Renowned scientist, clinician and researcher, S. Vincent Rajkumar, has been appointed as chairman-elect of the Board of Directors of the International Myeloma Foundation (IMF). He takes over from the current chairman, Brian G.M. Durie, who is not seeking re-election to the post. The IMF is an American non-profit organisation serving patients with myeloma, a cancer of plasma cells in the bone marrow. The Foundation’s reach extends to more than 525,000 members in 140 countries worldwide.

18) Answer: B

Justice Sunita Agarwal became the new Chief Justice of the Gujarat High Court. She is currently the only woman Chief Justice of a High Court. Justice Alok Aradhe is the new Chief Justice of the Telangana High Court. His name was recommended after Justice Ujjal Bhuyan was transferred from the Telangana Chief Justiceship to the Supreme Court Bench. Justice Subhasis Talapatra has been appointed as the Chief Justice of the Orissa High Court. Justice Ashish Jitendra Desai would take over as the new Chief Justice of the Kerala High Court. He is senior most Judge of the Gujarat High Court.

19) Answer: C

Noida-based HCL Technology (HCLTech) has joined the XR Startup Programme, an initiative between Meta and the Ministry of Electronics and Information Technology (MeitY) Startup Hub to discover, nurture, and accelerate extended reality (XR) technology start-ups in India.MeitY Startup Hub’s focus on innovation and entrepreneurship has made India the third-largest start-up ecosystem in the world. The XR Startup Programme is contributing to India’s efforts in establishing a foundation for the metaverse while fostering the development of XR technologies within the country.

20) Answer: B

Tata Consultancy Services has won a multi-year deal from The British Broadcasting Corporation (BBC) to transform its finance and payroll functions and manage the underlying application estate for greater agility and resilience. TCS will leverage TCS Cognix, an AI-driven human-machine collaboration suite and also provide application management and change delivery services for the broadcaster’s application estate supporting the finance, procurement and HR functions.

21) Answer: C

The union minister for Information and Broadcasting, Shri Anurag Thakur conferred the 8th and 9th National Community Radio Awards. For the 9th National Community Radio Awards, a total of 12 Awards in 4 Categories are being given. The winners of the 8th and 9th National Community Radio Awards are a recognition of Community Radio Stations that have done commendable work in their field, in the public interest.

22) Answer: D

Team India batter Virat Kohli created history, becoming the first cricketer to score a hundred in his 500th international game during the second Test against West Indies at Port of Spain in Trinidad. Kohli broke another major record by notching up three figures in Trinidad. He moved up to the fourth position among batters with the most tons at the No. 4 position. Only Sachin Tendulkar (44), Jacques Kallis (35), and Mahela Jayawardene (30) are above Kohli on the illustrious list.

23) Answer: A

Asian Champions Satwiksairaj Rankireddy and Chirag Shetty in badminton they defeated world no. 1 Indonesian duo Fajar Alfian and Muhammad Rian Ardianto in a thrilling 3-game men’s doubles final 17-21, 21-13, 21-14 to clinch the Korea Open 2023 title in Yeosu, Korea. It was Satwik and Chirag’s first win over the Chinese pair following two earlier defeats. Satwik and Chirag, who have won the Indonesia Super 1000 and Swiss Open Super 500 titles this year will look to add another feather to their already decorated cap with a win in the Korea Open.

24) Answer: C

On July 23, 1927, the India Broadcasting Company came into existence and became the first radio company in India. National Broadcasting Day is observed on July 23 every year in India. The name Akashvani (voice or announcement from the skies) was formally adopted by the national broadcaster in 1956. The name was derived from a poem of the same name by Rabindranath Tagore in 1938. He wrote the poem for the inauguration of Kolkata’s first short-wave radio station, as noted by historian Chandrika Kaul.

25) Answer: C

India’s outward Foreign Direct Investment (FDI) nosedived to $11.12 billion in January-June (H1 2023) from $23.57 billion in the same period last year,indicative of the slowdown in the global economy, according to the Reserve Bank of India (RBI). The outward FDI expressed as the total financial commitment has three components: equity, loan and guarantees. The sharp contraction in the commitments (outward FDI) was prominent in the April-June 2023 period. A foreign direct investment (FDI) refers to the purchase of an asset in another country, such that it gives direct control to the purchaser over the asset.

Daily Current Affairs Quiz – 23rd & 24th July 2023

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