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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2023 of 30th March 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) Which bank has launched India’s first pocket-sized swipe machine of India namely ‘MicroPay’ for accepting digital payments?
(a) ICCI Bank
(b) IndusInd Bank
(c) Kotak Mahindra Bank
(d) Axis Bank
(e) Yes Bank
2) Which bank has partnered with Swedish company Crunchfish to participate in the Reserve Bank of India’s (RBI’s) pilot programme to facilitate offline retail payments?
(a) IDFC First Bank
(b) ICICI Bank
(c) Axis Bank
(d) HDFC Bank
(e) State Bank of India
3) Recently, the Employees’ Provident Fund Organisation (EPFO) has fixed ____ rate of interest on employees’ provident fund (EPF) deposits for 2022-23 at its meeting.
(a) 7.80%
(b) 8.15%
(c) 8.55%
(d) 8.40%
(e) 9.15%
4) SEBI has extended the nomination deadline for existing trading &demat account holders to provide a choice of nomination till ______________.
(a) 31 December 2023
(b) 30 September 2023
(c) 01 August 2023
(d) 30 November 2023
(e) 01 January 2024
5) Which of the following company has received the RBI licence to operate as an NBFC account aggregator?
(a) Equifax
(b) CRIF Connect Private Limited
(c) TransUnion CIBIL
(d) Equifax
(e) Credit Karma
6) Union Cabinet extends subsidy of _________ per cylinder for 12 refills annually for Ujjwala Yojana beneficiaries for one year.
(a) 100 rupees
(b) 200 rupees
(c) 250 rupees
(d) 150 rupees
(e) 300 rupees
7) The Union Home Minister Amit Shah has chaired a regional conference on ‘Drug Trafficking and National Security’ in_____________.
(a) Bengaluru, Karnataka
(b) Mumbai, Maharashtra
(c) Jamui, Bihar
(d) Chandimandir, Haryana
(e) Surat, Gujarat
8) The Cabinet Committee on Economic Affairs (CCEA) has fixed MSP for Raw Jute at ________ per quintal for the 2023-24 season.
(a) ₹3,250
(b) ₹5,050
(c) ₹5,455
(d) ₹4,320
(e) ₹6,540
9) Consider the following statement regarding Sagar Manthan. Which of the following statement is incorrect?
(i) Union Minister Rajnath Singh launched the real-time performance monitoring dashboard, Sagar Manthan, of MoPSW.
(ii) This platform has been developed by MoPSW under the guidance of Shri Sudhanshu Pant in less than 1.5 months.
(iii) It will promote real-time project tracking, risk management, resource allocation, and progress reporting.
(a) Only (i)
(b) Both (i) and (ii)
(c) Only (ii)
(d) Both (ii) and (iii)
(e) All (i), (ii) and (iii)
10) Which of the following has acquired Silicon Valley Bank’s deposits & loans from Federal Deposit Insurance Corporation (FDIC)?
(a) Wells Fargo
(b) First Citizens Bank
(c) Truist Financial
(d) Bank of America
(e) Citi Bank
11) The Competition Commission of India (CCI) approves the acquisition of the share capital of NSPIRA Management Services Private Limited by Mr. Puneet Kothapa, Ms. Ponguru Sindhura and Ms. Ponguru Sharani under __________ of the Competition Act, 2002.
(a) Section 25(1)
(b) Section 17(1)
(c) Section 15(1)
(d) Section 29(1)
(e) Section 31(1)
12) As per the recent report, the Tax rate on royalties and technical fees of foreign firms has been increased from 10% to_____.
(a) 25%
(b) 20%
(c) 30%
(d) 35%
(e) 15%
13) Who among the following has won the 2023 Abel prize for solving equations with geometry?
(a) Samuel Osgood
(b) Luis Caffarelli
(c) Ovidiu Savin
(d) Luigi Ambrosio
(e) Carlos Kenig
14) Indian-American ________________, professionally known as Mindy Kaling has awarded the 2021 National Humanities Medal among others.
(a) Amanda Setton
(b) Giuseppe Buttazzo
(c) Zoe Jarman
(d) Vera Mindy Chokalingam
(e) Paolo Marcellini
15) Who has been reappointed as the Director General (DG) for a second four-year term in office beginning in early December 2023?
(a) Zuzanna Szadkowski
(b) Rafael Mariano Grossi
(c) Ike Barinholtz
(d) Mindy Kaling
(e) Kaylee DeFer
16) Lok Sabha passed Finance Bill 2023 after Finance Minister moved more than 60 amendments.Under the amendments, securities transaction tax (STT) on options and futures trades has been hiked by up to______.
(a) 25%
(b) 20%
(c) 30%
(d) 35%
(e) 15%
17) Recently, Who has been appointed as the Chief Justice of the Allahabad High Court?
(a) Justice Rajesh Bindal
(b) Justice Pritinker Diwaker
(c) Justice Ramesh Sinha
(d) Justice Goutam Bhaduri
(e) Justice K Vinod Chandran
18) Consider the following statement regarding The World’s first 3D-printed rocket Terran 1. Which of the following statement is incorrect?
(i) The world’s first 3D-printed rocket Terran 1 launched successfully launched from Complex 16 at Canaveral’s US Space Force Station.
(ii) It is built by California aerospace startup Relativity Space. 75% of its mass is 3D printed with metal alloys, including the engines.
(iii) It hasn’t carried any payload in its first flight but it can carry a payload of 2,755 pounds (1,250 kilograms) into low Earth orbit.
(a) Only (i)
(b) Both (i) and (ii)
(c) Only (ii)
(d) Both (ii) and (iii)
(e) All (i), (ii) and (iii)
19) Pankaj Advani defeated compatriot Brijesh Damani 5-1 in the final to retain his Asian Billiards title in the 100-up format at Qatar Billiards and Snooker Federation (QBSF) Academy.This is the ______ Asian Billiards title for Pankaj Advani.
(a) 7th
(b) 4th
(c) 8th
(d) 5th
(e) 6th
20) Racing Driver Sergio Perez has won the Saudi Arabian Grand Prix 2023 title. He belongs to which country?
(a) Hungary
(b) Austria
(c) Canada
(d) Philippines
(e) Mexico
Answers :
1) Answer: D
Private sector lender Axis Bank launched ‘MicroPay’, first pocket-sized swipe machine of India, based on ‘Pin on Mobile’ technology for accepting digital payments.
The bank launched ‘MicroPay’ along with Ezetap by Razorpay and MyPinpad as the technical solution partners.
About ‘MicroPay’ :
‘MicroPay’ is a revolutionary ‘PIN on Mobile’ solution that converts a merchant’s smartphone into a Point-of-Sale (POS) terminal, thereby simplifying digital payments and delivering a unique customer experience.
2) Answer: A
IDFC First Bank has partnered with Swedish company Crunchfish to participate in the Reserve Bank of India’s (RBI’s) pilot programme to facilitate offline retail payments.
This initiative will provide access to digital payments even when there is no network.
Key Highlights :
The Crunchfish introduced this one-of-a-kind digital payment system for merchants and customers as part of the RBI’s Regulatory Sandbox Program.
This project will allow offline retail payments in India’s payment ecosystem using a Digital Cash platform.
IDFC FIRST Bank will be one of the first few banks to participate in HDFC Bank’s pilot initiative.
3) Answer: B
Retirement fund body Employees’ Provident Fund Organisation (EPFO) fixed 8.15% rate of interest on employees’ provident fund (EPF) deposits for 2022-23 at its meeting.
The decision has been taken by the Employees’ Provident Fund Organisation’s apex decision-making body Central Board of Trustees (CBT).
After the CBT’s decision, the interest rate on EPF deposits for 2022-23 will be sent to the Ministry of Finance for concurrence.
Key Highlights :
After ratification, the interest rate on EPF for 2022-23 will be credited into the accounts of over 5 crore subscribers of EPFO.
In March 2022, the interest rate on EPF deposits for 2021-22 was lowered to four-decade low level of 8.1% from 8.5% in 2020-21.
This was the lowest rate since 1977-78.
In 1977-78, the EPF interest rate stood at 8%.
4) Answer: B
Capital markets regulator Securities and Exchange Board of India (SEBI) has extended the deadline till September 30, 2023 for existing trading and demat account holders to provide choice of nomination or opt out of the nomination.
Earlier the deadline was March 31, 2023.
In July 2021, the SEBI asked all existing eligible trading and demat account holders to provide choice of nomination on or before March 31, 2022, failing which the trading and demat accounts would have been frozen for debits.
Later, this was extended by one more year till March 31, 2023.
5) Answer: B
CRIF Connect Private Limited, a subsidiary of credit bureau company CRIF has received approval from the Reserve Bank of India (RBI) to begin operations as a Non-Banking Financial Company- Account Aggregator (NBFC-AA).
With CRIF’s legacy, knowledge, and experience, CRIF Connect is uniquely positioned to benefit both consumers and financial institutions.
6) Answer: B
A subsidy of two hundred rupees on twelve cylinders per year is extended for one year for beneficiaries of the Ujjwala Yojana.
The Cabinet Committee on Economic Affairs has extended the subsidy of Rs 200 per LPG cylinder under Pradhan Mantri Ujjwala Yojana for one year.
As on March 1, 2023, the total number of beneficiaries of Pradhan Mantri Ujjwala Yojana is nine crore 59 lakh.
Public Sector Oil Marketing Companies Namely Indian Oil Corporation Limited, Bharat Petroleum Corporation Limited and Hindustan Petroleum Corporation Limited are giving this subsidy from 22 May 2022.
The average LPG consumption of Pradhan Mantri Ujjwala Yojana consumers has increased by 20 per centfrom 3.01 refills in 2019-20 to 3.68 in 2021-22.
Cabinet Committee on Economic Affairs (CCEA) has fixed MSP for Raw Jute at ₹5,050 per quintal for the 2023-24 season.
7) Answer: A
Union Home Minister Amit Shah chaired a regional conference on ‘Drug Trafficking and National Security’ in Bengaluru.
Representatives from 5 Southern States and 3 UT s attended the conference.
During the meeting, emphasis was laid on various aspects like ways to curtail drug trafficking through maritime routes, stringent punitive action on drug traffickers, etc.
The government has adopted a policy of zero tolerance against drugs to make a Drug-free India.
Ministry of Home Affairs has adopted a three-pronged formula to deal with this menace, including strengthening the institutional structure, empowerment and coordination of all narcotics agencies and a comprehensive awareness campaign.
The government is also considering for using latest technology in the fight against drugs.
Satellite mapping will be used for the identification of areas cultivating opium.
The cases of drugs will be investigated thoroughly from their source to destination to find out the entire network.
8) Answer: B
Cabinet Committee on Economic Affairs (CCEA) has fixed MSP for Raw Jute at ₹5,050 per quintal for the 2023-24 season.
Farmers will get a return of 63.20% over the all-India weighted average cost of production.
The new MSP of raw jute is in line with the principle of fixing the MSP at a level of at least 1.5 times of all India’s weighted average cost of production.
This principle of fixing the MSP at a level of at least 1.5 times of all India’s weighted average cost of production was announced by the government in the Budget 2018-19.
It assures a minimum of 50% as the margin of profit.
CCEA has fixed the Minimum Support Price (MSP) based on the recommendations of the Commission for Agricultural Costs and Prices (CACP).
The Jute Corporation of India will remain Central Government Nodal Agency to carry out Price Support Operations.
9) Answer: A
Union Minister SarbanandaSonowal launched the real-time performance monitoring dashboard, Sagar Manthan, of MoPSW.
Sagar Manthan is a digital platform for all the integrated data related to the Ministry of Ports, Shipping and Waterways (MoPSW).
This platform has been developed by MoPSW under the guidance of Shri Sudhanshu Pant in less than 1.5 months.
The launch of the ‘Sagar Manthan’ Dashboard is a step towards digitalization and transparency in the maritime transport sector.
It will promote real-time project tracking, risk management, resource allocation, and progress reporting.
10) Answer: B
The Federal Deposit Insurance Corporation (FDIC) has entered into a purchase and assumption agreement for all deposits and loans of recently failed United States (US)-based Silicon Valley Bridge Bank by First-Citizens Bank and Trust Company, Raleigh, North Carolina.
Key Highlights :
The 17 former branches of Silicon Valley Bridge Bank will open as First–Citizens Bank & Trust Company.
11) Answer: E
The Competition Commission of India (CCI) approves acquisition of the share capital of NSPIRA Management Services Private Limited by Mr. Puneet Kothapa, Ms. PonguruSindhura and Ms. PonguruSharani under Section 31(1) of the Competition Act, 2002.
The proposed combination pertains to acquisition by Mr. Puneet Kothapa, Ms. PonguruSindhura and Ms. PonguruSharani (collectively referred to as the Acquirers), for the acquisition of, inter alia,
18.23% of the total issued and paid up share capital (fully diluted basis) of NSPIRA Management Services Private Limited (NSPIRA/Target) from NHPEA Minerva Holding BV
2.24% of the total issued and paid-up share capital (fully diluted basis) of the Target from Banyantree Growth Capital II, LLC (Proposed Combination).
The Acquirers presently collectively hold 79.48% of the shareholding in the Target.
12) Answer: B
Tax rate on royalties and technical fees of foreign firms has doubled from 10% to 20%.
Withholding tax rate on royalties and fees for technical services earned by non-resident companies has been raised from 10% to 20%.
This step is a part of the 64 amendments moved to the Finance Bill 2023 by FM Nirmala Sitharaman.
Foreign companies will now be required to avail tax treaty shelter to reduce the withholding tax rate.
13) Answer: B
Luis Caffarelli has won the 2023 Abel prize for solving equations with geometry.
He got the award for his work on nonlinear partial differential equations.
Caffarelli started work on partial differential equations (PDEs) in the late 1970s and published hundreds of papers.
He is known for making connections between seemingly distant mathematical concepts.
The award comprises a prize of 7.5 million Norwegian kroner.
It is often described as the equivalent of the Nobel prize.
14) Answer: D
US President Joe Biden presented the 2021 National Humanities Medals, in conjunction with the National Medals of Arts.
Indian-American Vera Mindy Chokalingam, professionally known as Mindy Kaling will awarded the 2021 National Humanities Medal among others.
The National Medal of Arts is the highest award given to artists, arts patrons, and groups by the US government and honors exemplary individuals and organisations that have advanced the arts in America and offered inspiration to others through their distinguished achievement, support, or patronage.
15) Answer: B
The Board of Governors of the International Atomic Energy Agency (IAEA) reappointed Mr Rafael Mariano Grossi as Director General (DG) for a second four-year term in office beginning in early December 2023.
His second term starts on 3 December, 2023 and runs until 2 December 2027.
He is the sixth Director General since the IAEA was established in 1957.
He took up his first term of office on 2 December 2019, following the General Conference’s approval of his appointment by the Board.
16) Answer: A
Lok Sabha passed Finance Bill 2023 after Finance Minister moved more than 60 amendments.
The government proposed 64 amendments to the Finance Bill 2023.
Finance Minister requested RBI to bring payments for foreign tours through credit cards within the ambit of Liberalised Remittance Scheme.
Under the amendments, securities transaction tax (STT) on options and futures trades has been hiked by up to 25%.
17) Answer: B
President of India DroupadiMurmu has approved the appointment of 3 new Chief Justices (CJ) for the High Courts (HC) of Allahabad, Patna and Chhattisgarh.
Appointments :
Justice PritinkerDiwaker, Judge of the Allahabad High Court (HC), has been appointed as the Chief Justice of the Allahabad HC succeeding Justice Rajesh Bindal.
Justice Ramesh Sinha, Senior Judge of the Allahabad HC,Lucknow, Uttar Pradesh (UP) has been appointed as the Chief Justice of the Chhattisgarh HC succeeding Justice Goutam Bhaduri.
Justice K Vinod Chandran, Senior Judge of the Kerala High Court (HC), has been appointed as the Chief Justice of the Patna HC succeeding Sanjay Karol.
The Chief Justice and Judges of the High Courts are to be appointed by the President under clause (1) of Article 217 of the Constitution.
18) Answer: C
The world’s first 3D-printed rocket Terran 1 launched successfully on its third attempt, but failed to achieve orbit during second-stage separation.
It was launched from Complex 16 at Canaveral’s US Space Force Station.
Despite sustained efforts, it failed to achieve orbit during second-stage separation & it crashed into the Atlantic Ocean.
About ‘Terran 1’ :
Terran 1’s engines are powered by liquid oxygen and liquid natural gas.
It is built by California aerospace startup Relativity Space.
85% of its mass is 3D printed with metal alloys, including the engines.
It is made with the world’s largest 3D metal printers.
The rocket is 110 feet (33.5 metres) tall with a diameter of 7.5 feet (2.2 metres).
It hasn’t carried any payload in its first flight but it can carry a payload of 2,755 pounds (1,250 kilograms) into low Earth orbit.
3D printing builds the shapes of objects with the layers of aluminium powders or beads.
It also allows for the rapid iteration of designs and reduces the wastage of raw materials.
19) Answer: C
Star Indian player Pankaj Advani defeated compatriot Brijesh Damani 5-1 in the final to retain his Asian Billiards title in the 100-up format at Qatar Billiards and Snooker Federation (QBSF) Academy.
In the women’s category, China’s Bai Yulu won the title beating PanchayaChannoi of Thailand 3-0 in the final.
About Pankaj Advani
This is the eighth Asian Billiards title for Advani.
Last year, Advani had won the same title in Doha.
Pankaj Advani had clinched his 25th gold medal on the world stage at the 2022 IBSF World Billiards Championship in Kuala Lumpur.
20) Answer: E
Mexican racing driver Sergio Perez has won the Saudi Arabian Grand Prix 2023 title.
In the same Red Bull, his partner Max Verstappen secured the second position in the race.
Seven-times world champion Lewis Hamilton finished fifth and Ferrari’s Carlos Sainz came in sixth place.
