Home » Daily Current Affairs Quiz – 27th August 2022

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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2022 of 27th August 2022. 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 2022 & other competitive exams can make use of these Current Affairs Quiz.

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1) As per the data released by Bank of America Securities India, India is to have 1.8 lakh Km of Highways & 1.2 lakh Km of Rail Lines by which year?

(a) 2024

(b) 2025

(d) 2028

(e) 2030

2) 20th Edition of BioAsia 2023 scheduled for February 24-26, 2023 in which of the following state?

(a) Maharashtra

(b) Tamil Nadu

(d) Telangana

(e) Andhra Pradesh

3) Prime Minister Narendra Modi to inaugurate 300-Bed Homi Bhabha Cancer Hospital in which state or Union Territory?

(a) Delhi

(b) Ladakh

(d) Nagaland

(e) Chandigarh

4) Economic Advisory Council to the Prime Minister (EAC-PM) to launch Competitiveness Roadmap for _______________

(a) India@75

(b) India@80

(d) India@95

(e) India@100

5) BASIX partners with which multinational financial service company to digitize the rural ecosystem in Maharashtra?

(a) Mastercard

(b) Visa

(d) PayPal

(e) Western Union

6) Reserve Bank of India (RBI) recently imposes restrictions on Thodupuzha Urban Co-operative Bank for ___________ months

(a) 3 months

(b) 6 months

(d) 12 months

(e) 24 months

7) Tata Neu & which among the following private sector bank has a partner to launch two co-branded credit card variants?

(a) ICICI Bank

(b) AXIS BANK

(d) DCB Bank

(e) YES Bank

8) The Reserve Bank of India (RBI) has lifted the business restrictions imposed on which among the following Banking corporations?

(a) MasterCard

(b) Citibank

(d) VISA

(e) American Express

9) Which among the following statement is True as per the data released by PGA Labs:

(a) State Bank of India (SBI) remained the top player with a 30% market share of debit cards as of June 2022

(b) With an 8% market share, Bank of Baroda (BoB) secured 2nd place

(d) Only A and B

(e) All the Above

10) Which Banks Financial Solution arm partners with The Indian Army to launch A Co-Branded Contactless RuPay Credit Card for Army Personnel?

(a) State Bank of India

(b) Punjab National Bank

(d) Canara Bank

(e) Union Bank of India

11) India has Ample Forex Buffers to Tackle Cyclical Difficulty. This data was recently released by which rating agency?

(a) S&P Global Ratings

(b) Moody’s Investors Service

(d) Rating and Investment Information, Inc.

(e) Japan Credit Rating Agency

12) Who among the following has won the 2022 Unesco Peace Prize for “her efforts to welcome migrants”?

(a) Angela Merkel

(b) Kamala Harris

(d) Elke Büdenbender

(e) Ursula von der Leyen

13) Which motorcycle manufacturing company recently tie-up with UNESCO to promote the cultural heritage of India?

(a) TVS Motor Company

(b) Hero MotoCorp

(d) Jawa Moto

(e) Royal Enfield

14) Indian Scientist Mr. Samir V Kamat was appointed as the New Chairman of which among the following Indian Organization?

(a) Indian Space Research Organisation

(b) Defence Research and Development Organisation

(d) Hindustan Aeronautics Limited

(e) Bharat Electronics Limited

15) Infrastructure Development Finance Company (IDFC) Limited has appointed who among the following as their Managing Director (MD) & Chief Executive Officer (CEO)?

(a) T.R. Chadha

(b) Mahendra N Shah

(d) Harish N Rohit

(e) Bhavik D Mehta

16) Which investment bank and financial services company has appointed Mr. Dixit Joshi as their new chief financial officer (CFO)?

(a) Zurich Cantonal Bank

(b) UBS

(d) Deutsche Bank

(e) Post Finance

17) Government of India has appointed whom as the Executive Director for India at the International Monetary Fund (IMF)?

(a) Ajay Bhushan Pandey

(b) Sanjeev Sanyal

(d) Arvind Subramanian

(e) Krishnamurthy Subramanian

18) India’s SBICAP Securities appoints Mr. Deepak Kumar Lalla as the new MD & CEO. He replaced whom among the following?

(a) Mr. Suresh Mishra

(b) Mr. Rohit Singh

(d) Mr. Naresh Yadav

(e) Mr. Mohit Patel

19) Which among the following bank appoints Mr. Gopal Jain & Mr. Sivakumar Gopalan as non-executive directors?

(a) IndusInd Bank

(b) DBS Bank

(d) CSB Bank

(e) YES Bank

20) As per the recent report Bharti Telecom to buy ________% Airtel stake from Singtel for Rs 12,895 cr

(a) 1.11%

(b) 2.22%

(d) 4.44%

(e) 5.55%

21) Which among the following Indian Motor Company Acquires a 48.27% Stake In Narain Karthikeyan’s Startup DriveX For INR 85 Cr?

(a) TVS Motor Company

(b) Bajaj Auto

(d) Ather Energy

(e) Tata Motors

22) Former vice president M Venkaiah Naidu launched a book titled “A New India: Selected Writings 2014-19”. This book is Published by ___________

(a) Simon & Schuster

(b) National Book Trust, India

(d) Hachette India

(e) Harper Collins Publishers

23) Mack Rutherford of aged _______ has set the record for the youngest person to solo fly around the world in a tiny plane.

(a) 14-year-old

(b) 15-year-old

(d) 17-year-old

(e) 18-year-old

24) Pooja Ojha Won Silver Medal in the VL1 women’s __________m race at World Para Canoe Championships

(a) 100 meter

(b) 200 meter

(d) 400 meter

(e) 500 meter

25) K. Sadananda Shetty passed away. He was the former chairman and founder of which bank?

(a) Dena Bank

(b) Punjab and Sind Bank

(d) Corporation Bank

(e) Vijaya Bank

Answers :

1) Answer: B

In 2025, India plans to build new trains and highways.

According to a survey by Bank of America Securities India, the total length of all national roads in India is predicted to be 1.8 lakh kilometers, while the total length of railway lines would be 1.2 lakh kilometers by 2025

In India, new national roads totaled 77,000 kilometers in 2015, up from 4000 kilometers between 1950 and 2015.

By 2025, highways are predicted to have expanded to 1.8 lakh kilometers, which is more than twice their present length.

2) Answer: D

The Government of Telangana will host the 20th edition of BioAsia 2023, the major event of BioAsia 2023 for life sciences and health tech, on February 24-26, 2023.

Minister for Industries and Commerce KT Rama Rao launched the BioAsia 2023 logo and theme, “Advancing for ONE: Shaping the Next Generation of Humanised Healthcare.”

To debate the multidisciplinary subjects of One Health, disruptive medical technology, and universal healthcare accessibility and affordability, “Bio Asia 2023 will bring together professionals in the life sciences and healthcare, academics, start-ups, regulators, and investors on one stage,” says Shakthi Nagappan, CEO of BioAsia and Director (Life Sciences), Government of Telangana.

3) Answer: E

A 300-bed Homi Bhabha Cancer Hospital and Research Center has been inaugurated by Prime Minister Narendra Modi at Mullanpur, Mohali, Chandigarh.

The Homi Bhabha Cancer Hospital and Research Centre were constructed for a total of more than 660 crores by the Tata Memorial Centre, an aided institution run by the Union Department of Atomic Energy.

The Bhabha Cancer Hospital’s opening ceremony also included the presence of Punjab’s Chief Minister, Bhagwant Mann.

4) Answer: E

The Competitiveness Roadmap for India@100 will be unveiled in New Delhi by the Economic Advisory Council to the Prime Minister (EAC-PM).

The EAC-India@100 PM’s report acts as a road map for India’s progress toward its centennial year and will guide and inform the nation’s route to a better income status by 2047.

The EAC-PM suggests policy goals, concepts, and approaches in India@100 to advance India’s economy toward sustainability and resilience, founded on social development and shared prosperity.

5) Answer: A

BASIX Social Enterprise Group launched BASIX Farmers’ Market (BFM), an agritech platform, in partnership with Mastercard.

This is to improve the lives of over 10 lac (one million) farmers, including the new cohort of 200 Farmer Producer Organizations (FPO) being promoted under the SMART Project in partnership with the Maharashtra State Rural Livelihood Mission.

The launch of BASIX Farmers’ Market is an extension of Mastercard Farm Pass, a rural and agriculture digitization solution that serves more than 3.5 lakh farmers across 5 states in India, & 1 million farmers globally.

6) Answer: B

In the exercise of powers vested in it under sub-section (1) of Section 35 A of the Banking Regulation Act, 1949, read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) has issued directions to Thodupuzha Urban Co-operative Bank Ltd, Kerala for six months.

The bank, without prior approval of RBI, cannot grant or renew any loans, make any investments, or accept fresh deposits.

7) Answer: C

India’s first super app of the Tata Group, Tata Neu and HDFC Bank partnered to launch co-branded credit cards in two variants: Tata Neu Plus HDFC Bank Credit Card and Tata Neu Infinity HDFC Bank Credit Card.

Each of the two variants of the card will be available on both RuPay and Visa networks.

Customers will have a wide range of categories to choose from including grocery, travel, electronics, fashion, health, and wellness

The card will enable customers to earn rewards on all spends, both online and in-store in the form of NeuCoins (1 NeuCoin = INR 1).

8) Answer: E

The Reserve Bank of India (RBI) lifted business restrictions imposed on American Express Banking Corp (AEBC) citing satisfactory compliance demonstrated by the entity to RBI rules.

In April 2021, RBI imposed restrictions on AEBC from onboarding new domestic customers onto its card network from May 01, 2021, for non-compliance with the RBI circular dated April 6, 2018, on Storage of Payment System Data.

9) Answer: E

According to the data collated by PGA Labs, State Bank of India (SBI) remained the top player with a 30% market share of debit cards as of June 2022, despite a 6% decline in year-on-year (Y-o-Y) growth

With an 8% market share, Bank of Baroda (BoB) secured 2nd place followed by Bank of India, Canara Bank Union Bank, and Punjab National Bank (PNB) with 5% each.

HDFC Bank and Axis Bank witnessed the highest YoY growth in the debit card segment with 19% and 18%, respectively

10) Answer: C

BOB Financial Solutions Limited (BFSL), a wholly owned subsidiary of Bank of Baroda (BoB) and the Indian Army has launched a co-branded RuPay credit card for the Indian Army personnel, in collaboration with National Payments Corporation of India (NPCI).

The co-branded credit card will be equipped with contactless features and will be offered on the RuPay platform.

Yoddha, the co-branded credit card has been curated like none other, offering best-in-class features and benefits along with democratic choice, for the Indian Army personnel.

11) Answer: A

According to S&P Global Ratings, India has created protections against cyclical problems and has enough foreign exchange reserves to resist pressure on credit quality.

S&P Sovereign & International Public Finance Ratings Director Andrew Wood said the nation has a robust external balance sheet and little external debt, making debt payments not too costly.

He was speaking at the India Credit Spotlight 2022 webinar.

12) Answer: A

Angela Merkel, a former German chancellor, has been given the 2022 Unesco Peace Prize for “her efforts to welcome migrants”

The German chancellor, Angela Merkel, famously declared to her people, “We can do this,” in the summer of 2015 as refugees poured into Europe.

She subsequently changed her mind about being pro-immigration when support declined from both the general public and her conservative party.

13) Answer: E

The Intangible Cultural Heritage of India, starting with the Himalayas, is being promoted and protected by Royal Enfield in collaboration with UNESCO (the United Nations Educational, Scientific, and Cultural Organization).

The event is designed to be a hands-on and imaginative display of Intangible Cultural Heritage (ICH) activities in the Western Himalayas and the North Eastern area.

This entails a panel discussion, a movie screening, a performance, and a lecture demonstration.

14) Answer: B

Distinguished scientist Mr. Samir V Kamat was appointed as Secretary of the Department of Defence Research and Development and Chairman of the Defence Research and Development Organisation (DRDO) from the date of his assumption of charge till he attained the age of 60 years.

He will replace Mr. G Satheesh Reddy, who has been named as scientific adviser to Defence Minister, Shri Rajnath Singh

The Appointments Committee of the Cabinet (ACC) has also appointed Mr. G Satheesh Reddy as scientific adviser to the defense minister.

15) Answer: B

Based on the recommendation of the Nomination and Remuneration Committee, the board of directors of Infrastructure Development Finance Company (IDFC) Limited has appointed Mr. Mahendra N Shah as the Managing Director (MD) & Chief Executive Officer (CEO) with effect from October 1, 2022, till September 30, 2023.

Mr. Shah will replace incumbent MD and CEO Mr. Sunil Kakar, whose term will end on September 30, 2022.

Shah worked with International Paper Limited for 6 years as director of finance and company secretary where he was in charge of the finance function and regulatory compliances.

16) Answer: C

Credit Suisse has appointed Mr. Dixit Joshi as a chief financial officer (CFO) with effect from October 1, 2022, and Mr. Francesca McDonagh as group chief operating officer (COO) from September 19, 2022.

Mr. Dixit Joshi will replace Mr. David Mathers who stepped down after more than 11 years.

Mr. Joshi worked at Credit Suisse in New York and London between 1995 and 2003.

Recently, McDonagh served as the Bank of Ireland’s CEO after holding several senior management roles at HSBC Group.

17) Answer: E

The Government of India (GoI) has appointed former Chief Economic Adviser Mr. K V Subramanian as the Executive Director for India at the International Monetary Fund (IMF).

Mr. Subramanian’s term will begin in November 2022 & he will continue for three years or until further orders, whichever is earlier.

He will replace the eminent economist, Mr. Surjit S Bhalla as ED (India), IMF whose tenure will end on 31 October 2022.

KV Subramanian served the Government of India as Chief Economic Adviser between 2018 and 2021

18) Answer: D

Indian financial services firm SBICAP Securities, a unit of SBI Capital Markets and part of the government-owned State Bank Group, has appointed Mr. Deepak Kumar Lalla as the new Managing Director (MD) and Chief Executive Officer (CEO).

He replaced Mr. Naresh Yadav.

Mr. Lalla joined the State Bank of India (SBI) in 1985 & he has over 37 years of experience.

He served as the head of & the wealth management business for the SBI.

19) Answer: C

The private sector lender RBL Bank has appointed Mr. Gopal Jain and Dr. Sivakumar Gopalan as the non-executive directors.

Mr. Jain co-founded Gaja Capital in 2004 and is a Managing Partner at the firm.

He has also been a member of SEBI’s Alternative Investment Policy Advisory Committee since 2018.

20) Answer: C

Bharti Airtel promoter, Bharti Telecom Limited (BTL) will buy a 3.33% stake from Singtel (Singapore-based telecommunications company) for 2.25 billion Singapore dollars (around Rs 12,895 crore) in 90 days.

The direct shareholding of Singtel and Bharti Airtel at around 10% and 6% respectively.

At present, Singtel holds a 50.56% stake in Bharti Telecom, while the Mittal family owns 49.44%.

Bharti Telecom at present holds a 35.85% stake in the country’s second-largest telecom service provider Airtel.

21) Answer: A

TVS Motor Company will acquire a 48.27% stake in NKars Mobility Millennial Solutions Pvt Ltd (NMMSPL) for Narain Karthikeyan’s pre-owned two-wheeler startup ‘DriveX’ for a consideration of Rs 85 crore.

This is to enable innovative solutions to lead this transformation.

NMMSPL operates under the brand ‘DriveX’, founded by Formula 1 driver Narain Karthikeyan

The acquisition is expected to be completed by November 30, 2022.

22) Answer: C

On the anniversary of Arun Jaitley’s demise, former vice president and union minister M. Venkaiah Naidu published a book called “A New India: Selected Writings 2014–19,” which is a collection of some of his best writings.

Along with Naidu, the book was also released at the occasion by Manoj Sinha, the lieutenant governor of Jammu and Kashmir, and Jyotiraditya Scindia, the union minister of civil aviation.

Juggernaut is the publisher of the book.

In this posthumously published book, Arun Jaitley provides the clearest, most authoritative explanations of the policies of the BJP administration of 2014-19.

23) Answer: D

Mack Rutherford, a 17-year-old pilot, became the youngest person to fly solo around the world in a tiny plane after landing in Bulgaria, where his voyage began five months ago.

Mack Rutherford, a dual Belgian-British national, landed at an airport west of Sofia, Bulgaria’s capital, to complete his mission and set two Guinness World Records.

Rutherford is not only the youngest person to fly solo around the world, but he is also the youngest person to circle the globe in a microlight plane.

He crossed the equator twice to set a record certified by Guinness World Records.

24) Answer: B

Pooja Ojha of Madhya Pradesh won silver in the VL1 women’s 200m race at the Para Kayaking and Canoeing Sprint World Championships in Halifax, Canada.

Pooja, who hails from Bhind, took silver in the VL1 women’s 200m event with a time of 1:34:18.

Lillemore Koper of Hamburg won gold with a timing of 1:29.79.

Two Indian players qualified for this competition. Pooja Ojha is one, while Surendra Kumar is another

25) Answer: E

Former Vijaya Bank chairman & founder and serving Chairman of Soham Group of Companies, K. Sadananda Shetty passed away at the age of 85 In Nice City, France.

Mr. Shetty was the chairman of Vijaya Bank, which has now merged with Bank of Baroda, from 1983 to 1990.

He also served as the vice-chairman of the Indian Banks Association.

Daily Current Affairs Quiz – 27th August 2022

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