Home » Daily Current Affairs Quiz – 29th April 2023

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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2023 of 29th April 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) Which bank has recently entered into an insurance and mutual funds business to expand its portfolio beyond its core banking business?

(a) Axis Bank

(b) HDFC Bank

(d) IndusInd Bank

(e) DBS Bank

2) Which organisation has aligned the Liberalised Remittance Scheme (LRS) for International Financial Services Centres (IFSCs) set up under the International Financial Services Centres Authority Act, 2019?

(a) NABARD

(b) SIDBI

(d) FICCI

(e) SEBI

3) Which of the following organization has come out with new norms to retain the demerged entity of an index constituent in the respective index?

(a) IRDAI

(b) NSE

(d) BSE

(e) SIDBI

4) Which company became the first general insurance company to accept the Reserve Bank of India’s (RBI’s) Central Bank Digital Currency (CBDC) e-Rupee (e₹) for premium payments?

(a) Max Life Insurance

(b) Kotak Mahindra General Insurance

(d) SBI Life Insurance

(e) Reliance General Insurance

5) The Border Roads Organisation has put up a signboard at the entrance of Mana village on the India-China border reading ‘India’s first village’. Where is Mana Village located?

(a) Uttar Pradesh

(b) Uttarakhand

(d) Rajasthan

(e) Maharashtra

6) Union Home Minister Amit Shah has launched IFFCO’s liquid nano Di-Ammonia Phosphate (DAP).Nano-DAP is jointly manufactured by (IFFCO) in association with _____________.

(a) Tata Chemicals

(b) Chambal Fertilisers

(d) Coromandel

(e) National Fertilizers

7) Which country is set to host the third in-person Quad Leadership Summit 2023?

(a) India

(b) Australia

(d) USA

(e) China

8) Which bank’s economic research department has reported that the average ticket size of loans under PMMY has almost doubled in 8 years?

(a) State Bank of India

(b) Bank of Baroda

(d) Axis Bank

(e) ICICI Bank

9) The Ramon Magsaysay Award has been presented to the Tibetan spiritual leader the Dalai Lama after ______ years.

(a) 58

(b) 66

(d) 59

(e) 62

10) Which state government has bagged the national award for the best implementation of Pradhan Mantri Fasal Bima Yojana (PMFBY)for the year 2022-23?

(a) Rajasthan

(b) Odisha

(d) Karnataka

(e) Punjab

11) Which of the following cricketer name has been used in the gates of the Sydney Cricket Ground (SCG)recently?

The Sydney Cricket Ground (SCG) used legendary Indian cricketer Sachin Tendulkar’s 50th birthday celebrations to unveil gates at the iconic Australia venue that are named after the Indian legend and fellow cricketing great Brian Lara from West Indies.

(a) Brian Lara

(b) Sachin Tendulkar

(d) All of the above

(e) Both A and B

12) Who has been recently awarded with Australia’s Highest Civilian Honour?

(a) Uday Kodak

(b) Cyrus Mistry

(d) Ratan Tata

(e) Cyrus Poonawalla

13) Which air line company has recently announced a new multi-year global distribution services partnership with US-based Sabre Corporation?

(a) SpiceJet

(b) Vistara

(d) Emirates

(e) Air India

14) Who has been appointed as the President of the Association of National Exchanges Members of India (ANMI)?

(a) Binod Kumar

(b) Lalit Tyagi

(d) Ashok Chandra

(e) Vijay Mehta

15) N Kamakodi has been re-appointed as the Managing Director (MD) and Chief Executive Director (CEO) of which bank?

(a) City Union Bank

(b) ICICI Bank

(d) RBL Bank

(e) Federal Bank

16) Which of the following space agency has successfully extracted oxygen from simulated lunar soil?

(a) ISRO

(b) NASA

(d) JAXA

(e) SpaceX

17) Which country’s startup has prepared for World’s First Private Lunar Landing named Hakuto-R Mission 1 (M1) spacecraft?

(a) Russia

(b) UAE

(d) India

(e) Japan

18) Which company has acquired the FMCG business of Raymond Consumer Care Limited (RCCL) for ₹2,825 crores?

(a) Nestle

(b) Britannia Industries

(d) ITC Limited

(e) Marico Limited

19) Recently, the Former Chief Minister of Punjab Parkash Singh Badal passed away at the age of 95.How many times did he serve as the Chief Minister of Punjab?

(a) 4

(b) 3

(d) 6

(e) 7

20) Every year, International Dance Day (also known as World Dance Day) has been celebrated on which of the following day?

(a) 28 April

(b) 30 April

(d) 25 April

(e) 27 April

Answers :

1) Answer: D

In a bid to expand its portfolio beyond its core banking business, IndusInd Bank is planning to foray into mutual funds, insurance and broking sectors.

The bank is likely to approach the Securities and Exchange Board of India (SEBI), the Insurance Regulatory and Development Authority of India (IRDAI) and other regulators to get the necessary licences.

IndusInd Bank is also planning to launch its own digital bank ‘Indie’.

The necessary approvals for all these expansion plans and other logistics by the bank is likely to be completed in about 2 years.

2) Answer: C

The Reserve Bank of India (RBI) has aligned the Liberalised Remittance Scheme (LRS) for International Financial Services Centres (IFSCs) set up under the International Financial Services Centres Authority Act, 2019, with that for other foreign jurisdictions.

The resident Individuals may also open a Foreign Currency Account (FCA) in IFSCs, for making the permissible investments under LRS.

3) Answer: B

The National Stock Exchange (NSE) has come out with new norms to retain the demerged entity of an index constituent in the respective index.

A demerged company will remain part of the index, only if the exchange has decided to conduct a Special Pre-Open session (SPOS) for the spun-off entity.

Key Highlights :

The change would be applicable to the scheme of arrangement of all companies involving demerger which may be approved by equity shareholders of respective companies on or after April 30, 2023.

Additionally, the spun-off business/entity should be included in the index at constant price (which is the difference between the demerged company’s closing price one day prior to ex-date of demerger and price derived during SPOS.

However, the spun-off business/entity, which is the newly listed entity, should be removed from the index after 3 days.

4) Answer: E

Reliance General Insurance has become the first general insurance company to accept the Reserve Bank of India’s (RBI’s) Central Bank Digital Currency (CBDC) e-Rupee (e₹) for premium payments.

The insurer has tied up with YES Bank to facilitate the collection of premiums in digital mode using the bank’s e-rupee platform.

Customers who have an active e-rupee wallet with any bank can scan Reliance General Insurance’s CBDC QR code to make easy, safe, instant, and green payments.

Currently, Reliance General Insurance’s physical e-rupee QR code is available at select branches for walk-in customers to scan and pay instantly.

Customers who have an active e₹ wallet with any bank can scan Reliance General Insurance’s e₹ QR code to make immediate payment.

It plans to make it available at all branches across the country, on its website, and on the Reliance Self-i app in the next few months.

5) Answer: B

The Border Roads Organisation has put up a signboard at the entrance of Uttarakhand’s Mana village on the India-China border reading ‘India’s first village’.

Now Mana will not be known as the last but the first village of the country.

During a visit to the Chamoli village in October last year, Prime Minister Narendra Modi said border villages of the country are its first villages and not the last as they are usually called.

Mana is situated near Badrinath and devotees going to the Himalayan temple go up to the village for sightseeing.

6) Answer: D

Union Home Minister Shri Amit Shah launched IFFCO’s liquid nano Di-Ammonia Phosphate (DAP).

Commercially rolling out world’s first nano-DAP, approved by the government in March, Shah said it (introduction of nano variant of fertiliser) is a new beginning towards making India self reliant on fertiliser as it will increase farm productivity without impacting the soil health.

Though a bottle (500 ml) of nano-DAP will be equivalent to one bag (50kg) of conventional DAP, the price of nano (liquid) DAP has been kept at ₹600 per bottle (without subsidy) against ₹1,350/ bag (with subsidy) for conventional DAP.

Nano-DAP is jointly manufactured by Indian Farmers Fertiliser Cooperative (IFFCO) in association with a private player Coromandel.

The minister said IFFCO’s nano-DAP will have 8 per cent nitrogen and 16 per cent phosphorus against 18 per cent nitrogen and 46 per cent phosphorus than the conventional granular bag contains.

The minister said IFFCO has got a patent for nano-urea and nano-DAP for 20 years and will get a royalty of 20 per cent for the use of the products globally.

IFFCO said it has set up manufacturing facilities for the production of nano DAP fertilisers at Kalol, Kandla in Gujarat and Paradeep in Odisha.

7) Answer: B

Australia is set to host the third in-person Quad Leadership Summit on May 24, 2023 in Sydney

This will be the first time that Australia will host the summit.

The meeting will be attended by Prime Minister Shri Narendra Modi, US President Mr Joe Biden, Prime Minister Mr Kishida Fumio of Japan and Australian Prime Minister Mr Anthony Albanese.

This will be the fourth Quad leaders’ summit and the third held in person, with the most recent in-person meeting hosted by Japan’s capital Tokyo in 2022.

8) Answer: A

The average ticket size of loans under PMMY has almost doubled as per the State Bank of India’s economic research department (ERD).

The average ticket size of loans under Pradhan Mantri Mudra Yojana has increased from ₹38,000 in FY16 to ₹72,000 in FY23.

The amount of loans disbursed under MUDRA increased from ₹1.33 lakh crore in FY16 to ₹4.50 lakh crore in FY23.

The number of loans sanctioned stood at ₹6.23 crore in FY23 against ₹3.48 crore in FY16.

The ERD said India’s Social Fabric Index (SFI) shows 3.2 times jump from 0.813 in FY17 to 2.640 in FY22.

SFI represents the participation of the underprivileged in the formal banking system.

The SFI is constructed by SBI using principal component analysis. It includes three variables given below.

9) Answer: C

The 1959 Ramon Magsaysay Award was presented to the Tibetan spiritual leader the Dalai Lama after 64 years.

The Ramon Magsaysay Award, often called the “Nobel Prize of Asia”, is an annual award.

It is established to perpetuate former Philippine President Ramon Magsaysay’s example of integrity in governance, courageous service to the people, and pragmatic idealism within a democratic society.

The prize was established in April 1957 by the trustees of the Rockefeller Brothers Fund based in New York City with the concurrence of the Philippine government.

10) Answer: D

Karnataka has bagged the national award for the best implementation of Pradhan Mantri Fasal Bima Yojana (PMFBY), a crop subsidy insurance scheme, for the year 2022-23.

The PMFBY is a large-scale crop subsidy insurance scheme aimed to safeguard the farmers, implemented in Karnataka in 2016.

This scheme is being managed by the Department of Agriculture, Cooperation and Farmers’ Welfare, under the Ministry of Agriculture, along with empanelled general insurance companies.

PMFBY is being implemented in Karnataka, through its own portal ‘Samrakshane’, designed and developed by the state through National Informatics Centre (NIC).

11) Answer: E

All visiting players will now take the field through the newly-named Lara-Tendulkar Gates, with the duo bestowed with the honour to coincide with Mr. Tendulkar’s 50th birthday.

Mr. Tendulkar’s first Test century on Australia shores came at the picturesque Sydney venue and the champion right-hander averaged a whopping 157 from five Test matches at the ground.

The unveiling also took place 30 years after Lara made his famous innings of 277 against Australia at the SCG in 1993 and the West Indies great was thrilled to receive the honour.

12) Answer: D

Tata Sons’ Chairman Emeritus Ratan Tata has been conferred with Australia’s highest civilian honour, the country’s High Commissioner to India Barry O’Farrell announced.

The Order of Australia (AO) award was presented for the industrialist’s efforts in strengthening the India-Australia bilateral relations.

The 85-year-old has batted for the 2022 India-Australia Economic Cooperation and Trade Agreement, while Tata Consultancy Services (TCS) reportedly employs the biggest Australian workforce of any Indian firm with about 17,000 employees.

In October 2022, Tata received ‘Sewa Ratna’ from the RSS-affiliated Sewa Bharti for his philanthropic pursuits.

He is also a 2008 recipient of India’s second-highest civilian award, the Padma Vibhushan.

13) Answer: E

Air India announced a new multi-year global distribution services partnership with US-based Sabre Corporation.

The collaboration enables travel agents and corporations around the world to access Air India fares and seats through Sabre’s extensive global travel marketplace.

In addition to the distribution services, Air India said it is utilising Sabre’s consultancy expertise to help determine optimal routes for its existing and new fleet.

Air India earlier this year announced placing a 470 aircraft order with Boeing and Airbus.

This long-term global distribution partnership will support our ambitious growth plans while paving the ground for the airline’s transition towards a more dynamic, merchandising-focused model.

14) Answer: E

The Association of National Exchanges Members of India (ANMI), a pan-India industry body representing market intermediaries and stock brokers, has appointed Vijay Mehta Chairman of Mefcom Capital Markets Ltd, as its 28th President for the year 2023-24.

He takes over from the outgoing President Kamlesh Shah, the ANMI.

The Association of National Exchanges Members of India (ANMI) is a grouping comprising around 900 stock brokers from across the country.

15) Answer: A

The Reserve Bank of India (RBI) has approved the re-appointment of N Kamakodi as Managing Director (MD) and Chief Executive Director (CEO) of private sector bank City Union Bank (CUB).

The tenure of his re-appointment would be for a period of three years with effect from May 1, 2023.

From May 2011, he was serving the bank as its managing director and chief executive officer.

Earlier, the CUB launched a facility for its customers to use Voice Biometric authentication for logging into its mobile banking application.

16) Answer: B

The National Aeronautics and Space Administration (NASA) scientists have successfully extracted oxygen from simulated lunar soil.

This was the first time that this extraction has been done in a vacuum environment, paving the way for astronauts to one day extract and use resources in a lunar environment, called in-situ resource utilisation.

Lunar soil refers to the fine-grained material covering the Moon’s surface.

Key Highlights :

NASA’s Carbothermal Reduction Demonstration (CaRD) team at Johnson Space Center in Houston conducted the test in conditions similar to those found on the Moon by using a special spherical chamber with a 15-feet diameter called the Dirty Thermal Vacuum Chamber.

17) Answer: E

Japanese start-up, ispace inc, is preparing to land its Hakuto-R Mission 1 (M1) spacecraft on the moon in what would be the world’s first lunar landing by a private company if it succeeds.

The M1 lander is set to touch down after taking off from Cape Canaveral, Florida, on a SpaceX rocket in December.

In one of the biggest blows, Japan Aerospace Exploration Agency (JAXA) in March 2023 lost its new medium-lift H3 rocket to forced manual destruction after it reached space.

That was less than 5 months since JAXA’s solid-fuel Epsilon rocket failed after launch in October.

18) Answer: C

Godrej Consumer Products Limited (GCPL) will acquire the FMCG business of Raymond Consumer Care Limited (RCCL) for ₹2,825 crores.

Both the brands—Park Avenue and KamaSutra are under Raymond Consumer Care, which is a step-down unit of the Singhania-family owned Raymond, known for its shirting and lifestyle business.

Raymond has two fundamental businesses: lifestyle and real estate.

Its revenue from FY22 was ₹4,260.66 crore.

GCPL is expanding its play in the consumer & earlier, it had acquired Bblunt.

19) Answer: C

Shiromani Akali Dal (SAD) veteran leader and 5-time chief minister (CM) of Punjab Parkash Singh Badal passed away at the age of 95 in Mohali, Punjab.

About Parkash Singh Badal :

Parkash Singh Badal was born on 8 December 1927 in Abul Khurana, near Malout, Punjab.

He held the Chief Minister of Punjab for 5 terms from 1970 to 1971, from 1977 to 1980, from 1997 to 2002, from 2007 to 2012 and from 2012 to 2017.

In 2012, he became the only person in Punjab politics to have been the youngest chief minister of Punjab at 43 in 1970 and the oldest chief minister of Punjab at the age of 84.

He was also Leader of the Opposition in the Punjab Legislative Assembly from 1972 to 1977, 1980 to 1983 and from 2002 to 2007.

He served as the 11th Union Minister of Agriculture and Farmers’ Welfare in the Morarji Desai ministry from 1977.

In 2022, Badal was the country’s oldest candidate in the fray for the state polls, but lost to AAP’s first candidate, Gurmeet Singh Khudian & this was Badal’s 13th assembly election.

20) Answer: C

Every year April 29th is celebrated as International Dance Day also known as World Dance Day.

International Dance Day or World Dance Day celebration for those who can see the value and importance of dance.

International Dance Day or World Dance Day is celebrated through promotion by the International Dance Council.

The day was first introduced in 1982 by the International Dance Committee of the United Nations Educational, Scientific, and Cultural Organization.

The French Ballet master and a great reformer of dance Jean-Georges Novrre were born in 1727.

So, the day is observed as International Dance Day or World Dance Day.

Daily Current Affairs Quiz – 29th April 2023

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