Daily GK and Current Affairs Quiz - 11th March 2023
Daily GK and Current Affairs Quiz - 11th March 2023

Daily GK and Current Affairs Quiz – 11th March 2023

Today’s Current Affairs Quiz. Important Current Affairs Questions – March 2023. Monthly Current Affairs PDF. Latest Current Affairs Questions for Banking and Insurance Exams 2023. Welcome to the Let’s Study Together (LST) online Current Affairs section. If you are preparing for Banking & Insurance, SSC, Railways, and other competitive exams, you will come across a section on Current Affairs. Here we are providing you with the “Current Affairs Quiz – 11th March 2023″ in PDF format based on the current events for your daily practice.

This “Current Affairs Quiz – 11th March 2023″ is also important for other banking exams such as LIC AAO, IBPS PO, IBPS Clerk, SBI PO/Clerk, IBPS RRB Officer, IBPS RRB Office Assistant, IBPS SO, SBI SO, SSC, Railways and other competitive exams.

Current Affairs Quiz – 11th March 2023

In all Sarkari Exams/Govt Exams, Current Affairs Quiz which is asked generally framed on International News, National News, State News, Sports, Awards, Summits, Schemes, Books & Authors, Ranks & Reports, Important Days, Economy, Defence, Science & Technology, etc. To excel in the Current Affairs section of the competitive examinations you are required to cover Current Affairs Quiz in the above areas.

1. Who among the following has been recently appointed as the managing director and CEO of Axis Asset Management Company?

  1. Ravi Kumar
  2. Sanjiv Mehta
  3. B Gopkumar
  4. Siddharth Sharma
  5. None of these

Show Correct Answers

Correct Answer:  C. B Gopkumar

Explanation: B Gopkumar, the managing director and CEO of Axis Securities, has been named the new CEO of renowned fund house Axis Mutual Fund by Axis Asset Management Company. Chandresh Nigam, the previous CEO of the company, is replaced by Gopkumar. As head of equities from July 2009, Nigam became MD & CEO in May 2013 and oversaw the fund house for two stints totaling ten years. Gopkumar has more than 28 years of experience working in the financial services sector. He has a masters degree in business management and is an enthusiastic marathon runner, reader, and fitness fanatic. Another event is the hiring of Ashish Gupta as Chief Investment Officers (CIO) of the mutual fund at Axis AMC. Gupta headed the stock research for India at Credit Suisse. He has been conducting equities research for more than 25 years.

2. The Indian Navy received for the first time a fully indigenized fuze YDB-60. It is used for _____

  1. Surface-to-Air warfare
  2. Air-to-Air defense warfare
  3. Underwater anti-submarine warfare
  4. Surface-to-surface nuclear warfare
  5. None of these

Show Correct Answers

Correct Answer:  C. Underwater anti-submarine warfare

Explanation:  The Indian Navy has received the first fully indigenized fuze YDB-60 for the underwater anti-submarine warfare rocket RGB-60. In what is being seen as a major success for the “Make in India” initiative in defence sector, the Indian Navy has received a fully indigenised fuze for an anti-submarine warfare (ASW) underwater rocket, manufactured for the first time by a private Indian industry. This would be the first time the Indian Navy has placed a supply order for underwater ammunition fuzes with an Indian private sector industry.

  • The demand for grants to obtain the YDB-60 fuzewas placed in the Standing Committee on Defence 2014-15. The demand was placed for both Medium Range Chaff Rocket and also for the RGB-60, the anti-submarine rocket. RGB-60 has received its fuze.

RGB-60 (Rocket Guided Bomb model 60): It is a rocket used to hit submarines. It is 212 mm in diameter and 1830 mm in length. The range of RGB-60 is 300m to 5,500m. It operates with a two-stage motor. It is charged with Torpex. Torpex is a mixture of RDX, aluminium, and TNT. Torpex is mainly used in underwater firings.

3. China’s Parliament unanimously endorsed an unprecedented third five-year term for President-

  1. Li Qiang
  2. Jiang Zemin
  3. Xi Jinping
  4. Hu Jintao
  5. None of these

Show Correct Answers

Correct Answer:  C. Xi Jinping

Explanation:  Xi Jinping began an unprecedented third term as China’s president after he was endorsed by a unanimous vote from the 2,977-member National People’s Congress (NPC). Xi will head a hand-picked party and government team tasked with steering the world’s second-largest economy through challenges at home and abroad over the next five years.  He has become first Chinese leader after the party founder Mao Zedong to continue in power beyond the two five-year terms. China’s legislature, the National People’s Congress (NPC) voted on ratifying Xi’s third term.

4. Which bank has joined hands with FMCG giant ITC to offer lending products and services to farmers who are a part of ITC’s agriculture ecosystem?

  1. ICICI Bank
  2. Yes Bank
  3. Axis Bank
  4. HDFC Bank
  5. None of these

Show Correct Answers

Correct Answer:  C. Axis Bank

Explanation:  Axis Bank has joined hands with FMCG giant ITC to offer lending products and services to farmers who are a part of ITC’s agriculture eco-system. Under the tie-up, the bank will leverage ITCMAARS (Meta Market for Advanced Agricultural Rural Services), a full-stack Agri-tech application for reaching out to the farmers and addressing their financial requirements. Axis Bank will offer a host of credit facilities for rural lending products like Farmer Funding loans & Gold Loans with easy access. Also, Axis Bank will offer an extensive range of products and services to the farmers through its rural-urban and semi-urban (RUSU) branches located across 656 districts of India.

5. 19th Ministerial Meeting of the BIMSTEC was chaired by which country?

  1. Sri lanka
  2. Myanmar
  3. Thailand
  4. Bangladesh
  5. None of these

Show Correct Answers

Correct Answer:  C. Thailand

Explanation:  Minister of State for External Affairs and Education, Dr. Rajkumar Ranjan Singh participated in the 19th BIMSTEC Ministerial Meeting hosted by Chair Thailand virtually from Bangkok. During the meeting, a number of documents including the Core BIMSTEC Working Mechanism, Regional BIMSTEC and Rules of Procedure for BIMSTEC External Relations were approved for submission to the 6th BIMSTEC Summit. The meeting also approved a draft agreement on the establishment of the BIMSTEC Center for Weather and Climate in India.Apart from this, BIMSTEC Bangkok Vision 2030 was also approved. This will be brought up at the 6th BIMSTEC Summit. The leaders also approved the Administrative and Disciplinary Rules of the Secretariat and the Revised Financial Rules and Regulations of the BIMSTEC Secretariat, which will enable expenditure by the Secretariat throughout the financial year with an approved budget.

 BIMSTEC

  • BIMSTEC whose full form is ‘Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation’ is an international organization of seven South Asian and South East Asian countries.
  • It was established in 1997 to advance mutual trade, connectivity and cultural, technological and economic development in the region.
  • Out of its 7 member countries, 5 members – Bangladesh, Bhutan, India, Nepal and Sri Lanka are from South Asia and two countries – Myanmar and Thailand are from South-East Asia.
  • Initially, BIMSTEC included six areas – trade, technology, energy, transport, tourism and fisheries – for regional cooperation, which was later expanded to 14 areas, including agriculture.
  • Secretariat: Dhaka, Bangladesh

6. Who among the following has become the first woman officer to command Electronics and Mechanical Engineers (EME) unit?

  1. Shiva Chauhan
  2. Shaliza Dhami
  3. Geeta Rana
  4. Mitali Madhumita
  5. None of these

Show Correct Answers

Correct Answer:  C. Geeta Rana

Explanation:  Colonel Geeta Rana of the Corps of Electronics and Mechanical Engineers has taken over command of an independent field workshop in the Eastern Ladakh region with China after the Indian Army recently approved women officers for command posts. She is the first woman officer to do so. The Corps of Electronics and Mechanical Engineers’ Colonel Geeta Rana is the first female officer to assume control of an Independent Field Workshop in a remote and forward area in Eastern Ladakh.

After the Army’s clearance of 108 positions for female officers to assume command of independent units in the Corps of Engineers, Ordnance, EME, and other branches, the officer has assumed control of the independent workshop for the EME. The female officers who passed the exams would be awarded leadership positions and might also be given consideration for future promotions to higher ranks in the military. Women soldiers are now being sent by the Army on peacekeeping operations and in joint training exercises with friendly foreign nations.

7. Who among the following has been elected as the new president of Nepal?

  1. Pushpa Kamal Dahal
  2. Ram Chandra Paudel
  3. Ram Baran Yadav
  4. Bidhya Devi Bhandari
  5. None of these

Show Correct Answers

Correct Answer:  B. Ram Chandra Paudel

Explanation: Ram Chandra Paudel has been elected to serve as the new president of Nepal. According to the Nepalese Election Commission, he received 33,800 electoral votes, while his opponent, Subash Chandra Nembwang, received 15,500 votes. Ram Chandra Paudel received votes from 352 members of provincial assemblies and 214 members of parliament. An electoral college made up of representatives from the federal parliament and the provincial assembly chooses the president. The overall number of electors in Nepal’s presidential election is 882, including 550 representatives from each of the country’s seven provincial assembly and 332 members of the parliament. As Nepal’s new president, he will take over from Bidya Devi Bhandari.

  • In addition, he held the positions of President of Nepal, Cabinet Minister, and Deputy Prime Minister.
  • He held the positions of general secretary from 2005 to 2007, vice president from 2007 to 2015, and acting president from 1980 to 2005 of the Nepali Congress Tanhu District Committee.
  • Ram Chandra Paudel served as Speaker from December 1994 to March 1999, Minister of Local Development from May 1991 to May 1992, and Minister of Agriculture from May 1992 to May 1991.

8. Who is the author of ‘Mundaka Upanishad: The Bridge to Immortality’?

  1. Naveen Jindal
  2. Amish Tripathi
  3. Shashi Tharoor
  4. Dr Karan Singh
  5. None of these

Show Correct Answers

Correct Answer:  D. Dr Karan Singh

Explanation:  The book ‘Mundaka Upanishad: The Bridge to Immortality‘ was released by Vice President, Jagdeep Dhankhar. Karan Singh is an Indian politician and philosopher. Karan Singh was the Prince regent (Janpratinidhi)of Jammu and Kashmir till 1952. He is the son of Maharaja Sir Hari Singh, the last ruler of the princely state of Jammu and Kashmir, and mother Maharani Tara Devi. His important collection “One Man’s World” and essays written on Hinduism have also been appreciated. He was the Chancellor of the Banaras Hindu University and the University of Jammu and Kashmir for many years. He has also been the President of the Central Sanskrit Board, the Association of Indian Writers, the Commonwealth Society of India and the Delhi Music Society.

Monthly CA Digest February 2023 – Current Affairs Updates & 350+MCQ

9. Which of the following is the winner of the Subhash Chandra Bose Aapda Prabandhan Puraskar 2023?

  1. Kerala State Disaster Management Authority
  2. Odisha State Disaster Management Authority
  3. Gujarat State Disaster Management Authority
  4. Karnataka State Disaster Management Authority
  5. None of these

Show Correct Answers

Correct Answer:  B. Odisha State Disaster Management Authority

Explanation:   3rd session of the National Platform for Disaster Risk Reduction will be inaugurated by PM Modi in New Delhi on 10 March 2023. During the event, awardees of the Subhash Chandra Bose Aapda Prabandhan Puraskar will be felicitated by PM Modi. Odisha State Disaster Management Authority and the Lunglei Fire Station of Mizoram are the winners of the 2023 Puraskar. More than one thousand dignitaries will attend the two-day-long third session of the National Platform for Disaster Risk Reduction. The dignitaries include Union Ministers, Ministers of Disaster Management from States, Parliamentarians, Representatives of local bodies, Heads of specialised disaster management agencies, academicians and civil society organizations. The Ministerial session will be chaired by Home Minister Amit Shah.

This year, building local resilience in the face of climate change is the theme of the National Platform for Disaster Risk Reduction. Subhash Chandra Bose Aapda Prabandhan Puraskar recognizes the excellent work done by individuals and Institutions in India in the field of Disaster Management. National Platform for Disaster Risk Reduction was constituted by the government through its resolution dated 26th February 2013. It aims to bring together India’s disaster risk community.

10. What is the name of the High Price Day Ahead Market and Surplus Power Portal launched recently by the central government?

  1. ELECTRiC
  2. SURPLuS
  3. PUShP
  4. POWeR
  5. None of these

Show Correct Answers

Correct Answer:  C. PUShP

Explanation:  A High Price Day Ahead Market and Surplus Power Portal (PUShP) has been launched by the central government. It is an initiative to ensure greater availability of power during the peak demand season. The portal was launched by the Union Power Minister Shri R.K. Singh at a virtual function in New Delhi. The portal was launched in presence of over 200 stakeholders from state governments and the power sector. Union Minister said the portal will ensure better utilization of capacity at a reasonable rate.

Last year, the Ministry of Power directed Central Electricity Regulatory Commission (CERC) to put a price cap of Rs 12 on the prices in the electricity exchange. A separate segment has been created for those generation systems where the cost of generating power may cross Rs 12. This separate segment is known as HP DAM. According to the Union Minister, only those which have power producing costs of more than Rs 12 per unit would be allowed to operate in HP-DAM. In case the cost of production is less than Rs 12, the generators will offer power in Power Exchange’s Integrated Day Ahead Market (I-DAM) only with a ceiling price of Rs 12. Union Minister asked the Central Electricity Authority (CEA) and Grid Controller of India to make sure that prices are reasonable in the HP-DAM.

11. Recently, the Bombay Stock Exchange and National Stock Exchange designated 15 trading platforms as QSBs with effect from July 1, 2023. In this context, what is the full form of QSBs?

  1. Quick Sustainability Brokers
  2. Quarter Standard Brokers
  3. Quarter Standard Brokers
  4. Qualified Security Brokers
  5. None of these

Show Correct Answers

Correct Answer: C. Quarter Standard Brokers

Explanation:  The National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) have designated 15 trading platforms as Qualified Stock Brokers (QSBs) w.e.f. July 1, 2023 following a direction by the Securities and Exchange Board of India (SEBI) in February 2023. The 15 QSBs are Zerodha, Angel One, 5paisa Capital, HDFC Securities, ICICI Securities, IIFL Securities, Jainam Broking, Kotak Securities, Motilal Oswal Financial Services, NextBillion Technology, Nuvama Wealth and Investment, Sharekhan, Anand Rathi Share and Stock Brokers, RKSV Securities, and Globe Capital Market. It is on the lines of SEBI guidelines in January 2023 stating to designate certain stock brokers as QSBs based on their size and scale of operations, among others.

12. Which Indian ministry won the Golden and Silver Star at The International ‘Golden City Gate Awards 2023’?

  1. Ministry of Agriculture
  2. Ministry of Health
  3. Ministry of Tourism
  4. Ministry of Housing and Urban Affairs
  5. None of these

Show Correct Answers

Correct Answer:  C. Ministry of Tourism

Explanation:  The Ministry of Tourism, Government of India, has bagged  Golden & Silver Star at The International ‘Golden City Gate Tourism Awards 2023’ in ‘TV/Cinema Commercials International and Country International’ Category at ITB, Berlin 2023. Around 60 Participants from India are present in the India Pavilion, including travel agents, tour operators, airlines, hotels, the National Council for Hotel Management and Catering Technology, and Indian Railway Catering and Tourism Corporation, showcasing the diverse tourism products and services.

The ITB is a prestigious platform and is among the top international travel shows, where travel professionals come together to connect and showcase destinations and tourism products. The Ministry of Tourism through the integrated marketing and promotional strategy, and a synergized campaign in association with the Travel Trade, State Governments and Indian Missions promotes India at the International Markets.

13. The ‘Landslide Atlas report in India is published by which among the following organization?

  1. Greenpeace India
  2. National Informatics Centre
  3. India Meteorological Department
  4. National Remote Sensing Centre
  5. None of these

Show Correct Answers

Correct Answer:  D. National Remote Sensing Centre

Explanation:  Uttarakhand’s Rudraprayag district, which houses the Kedarnath shrine, has “maximum exposure to landslide risk in the country”, according to to the ‘Landslide Atlas’ report prepared by Hyderabad-based National Remote Sensing Centre (NRSC) of the Indian Space Research Organisation (ISRO). Rudraprayag has 32 chronic landslide zones, with the maximum located on NH-107. Another Uttarakhand district, Tehri is at the second spot in the list of landslide prone districts. It has over two dozen landslide zones, including Totaghati which has been identified as a “very chronic landslide site”. The ISRO database covered landslide vulnerable regions in 17 states and two UTs of India in the Himalayas and Western Ghats. Rajouri and Pulwama (J&K); Kozhikode and Malappuram (Kerala); and South Sikkim and East Sikkim (Sikkim) are the other high risk districts, according to the Landslide Susceptibility Zonation Map.

14. _____________ has become the 1st metro in India to accept the Central Bank Digital Currency (CBDC) issued by the Reserve Bank of India (RBI).

  1. Jaipur Metro
  2. Delhi Metro
  3. Lucknow Metro
  4. Kochi Metro
  5. None of these

Show Correct Answers

Correct Answer:  D. Kochi Metro

Explanation:  Kochi Metro Rail Limited (KMRL) has become the 1st metro in India to accept the Central Bank Digital Currency (CBDC) issued by the Reserve Bank of India (RBI). This service will initially be available at the parking lot adjacent to Thaikudam Metro Station. This facility will be extended to other station parking lots. Mumbai (Maharashtra)-based IDFC First Bank has partnered with Anantham Online, a technology startup with a focus on digital parking, to enable the acceptance of the digital Rupee at Kochi Metro’s parking locations. The public can make money transactions through digital wallets of banks providing e-rupee service. Currently, CBDC is in the 1st phase of its implementation with 4 banks namely the State Bank of India (SBI), the ICICI Bank Limited, the Yes Bank and the IDFC First Bank.

15. Who among the following has been appointed as Managing Director (MD) and Chief Executive Officer (CEO) of Hindustan Unilever Limited (HUL)?

  1. Sanjiv Mehta
  2. Rohit Jawa
  3. Rajesh Gupta
  4. BK GopalKumar
  5. None of these

Show Correct Answers

Correct Answer:  B. Rohit Jawa

Explanation:  Hindustan Unilever Limited (HUL), a fast-moving consumer goods (FMCG) major, has announced that Rohit Jawa would take over as the new Managing Director (MD) and Chief Executive Officer (CEO) of HUL for a tenure of five years starting June 27, 2023, and join the firm as CEO designate and Whole-time director starting April 1, 2023. In addition to the Indian market, Rohit Jawa will take over as president of Unilever South Asia. He will join the Unilever Leadership Executive (ULE) from April 1, 2023. He will succeed Sanjiv Mehta, who assumed the role of MD & CEO of HUL in October 2013.

Rohit currently serves as the Chief Transformation Officer for Unilever in London, United Kingdom (UK). He began his career with HUL in 1988 as a management trainee and has a strong track record of long-term business results in India, Southeast Asia, and North Asia. He guided the company to become one of the top 10 markets for Unilever globally while serving as Chairman of Unilever Philippines.

Daily GK and Current Affairs Quiz – 10th March 2023


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