Today’s Current Affairs Quiz. Important Current Affairs Questions – May 2023. Monthly Current Affairs PDF. LatestCurrent 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 – 12th May 2023″ in PDF format based on the current events for your daily practice.
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Current Affairs Quiz – 12th May 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. SEBI allowed the stock exchanges to extend direct market access to FPI for participating in ETCDs. What is the correct expanded form of ETCDs?
Correct Answer: C. Exchange Traded Commodity Derivatives
Explanation: The Securities and Exchange Board of India (SEBI) has allowed stock exchanges to extend direct market access (DMA) to registered Foreign Portfolio Investors (FPIs) with immediate effect. To promote institutional participation in Exchange Traded Commodity Derivatives (ETCDs). DMA facilitates the clients of a broker to directly access the exchange trading system through the broker’s infrastructure to place orders without manual intervention by the broker.
DMA also provides certain advantages to brokers:
Direct control over orders
Faster execution of orders
Reduced risk of errors associated with manual order entry
Maintaining confidentiality
Lower impact costs for large orders
Implementing better hedging and arbitrage strategies
2. _________ is the top of 10 countries list that together account for 60 percent of global maternal deaths.
Explanation: As per UN Study, India is on the top of 10 countries list that together account for 60 per cent of global maternal deaths. According to a United Nations report, India is leading the list of 10 counties that together account for 60 per cent of global maternal deaths, stillbirths and newborn deaths, and 51 per cent of live births globally. This report has been released at the ongoing ‘International Maternal Newborn Health Conference’ (IMNHC 2023). As per the report, 4.5 million deaths — maternal deaths (0.29 million), stillbirths (1.9 million) and newborn deaths (2.3 million) occurred in 2020-21.
According to the first-ever joint Every Newborn action Plan (ENAP) and Ending Preventable Maternal Mortality (EPMM) progress tracking report, global progress has slowed in deaths of pregnant women, mothers and babies in the last eight years. Global progress has slowdown due to decreasing investments in maternal and newborn health. The largest number of newborn and maternal deaths has been witnessed in Sub-Saharan Africa and Central and Southern Asia regions.
3. Which of the following card payments company has replaced BharatPe as the global sponsor of the International Cricket Council (ICC)?
Explanation: Mastercard has reportedly taken over from BharatPe as the global sponsor of the International Cricket Council (ICC), a multinational financial services corporation based in the United States. Over the past year, Mastercard has been actively seeking to secure lucrative sponsorship deals and has already secured the title sponsorship rights for the Board of Control for Cricket in India (BCCI) international and domestic home fixtures from Paytm.
Although Mastercard had expressed interest in the Indian Premier League (IPL) before the 2022 edition, RuPay took over the category.
The ICC usually holds a three-year sponsorship, and BharatPe was the global sponsor from June 7, 2021, until the end of 2023.
As part of this partnership, BharatPe was able to promote its buy now pay later brand, postpe, at all ICC events between the World Test Championship 2021 and the ICC Men’s ODI World Cup 2023.
According to sources, BharatPe had blocked the sponsorship category of banking and wallet.
BharatPe has faced setbacks over the past year and is looking to end its partnership with the international cricket governing body in order to reduce its advertising expenses.
However, according to sources from SportsMint, Mastercard has already secured a deal with the ICC to take BharatPe’s place as a sponsor.
This multi-year agreement will provide Mastercard with prominent on-screen and in-venue branding opportunities, such as having their logo displayed in 3D on the field and on LED advertising boards near the boundary rope. Additionally, Mastercard will have the chance to create exclusive experiences for its customers during the upcoming ICC Men’s ODI World Cup 2023 in India.
4. India’s Rhythm Sangwan has won the bronze medal in which among the following sports?
Explanation: India’s Rhythm Sangwan has won the bronze medal in the women’s 10-metre air pistol event at the ISSF World Cup 2023 for rifle and pistol shooters in Baku, Azerbaijan. It was Sangwan’s first individual senior medal at the shooting World Cup. She scored 219.1 in the final to finish third behind Anna 2016 Rio Olympic champion Anna Korakaki of Greece and 2004 Athens Olympics gold medallist Olena Kostevych of Ukraine.
5. ________ to launch ‘Bank Clinic’ to help retail customers with grievance redress.
Correct Answer: C. All India Bank Employees’ Association
Explanation: The All India Bank Employees’ Association (AIBEA) has announced plans to establish an online “Bank Clinic” to assist retail bank customers with grievance redressal. AIBEA General Secretary CH Venkatachalam stated that once a customer files a complaint with the Bank Clinic, AIBEA’s team will work with the bank to address the issue. The primary objective of the Bank Clinic is to assist customers with their complaints and to provide feedback to banks on areas where there are service deficiencies. This will assist banks in improving their services and customer satisfaction. The AIBEA hopes that the Bank Clinic will help to establish good relations between customers and banks, resulting in increased customer loyalty.
Customers can register their complaints online with the Bank Clinic. Once the complaint is received, AIBEA will work with the bank to resolve the issue. Customers will be kept informed of the progress made in resolving their complaints. If the bank fails to address the issue, the Bank Clinic will escalate the complaint to higher authorities for further action.
6. The Director General of Trade Remedies (DGTR) has recommended to impose anti-dumping duty on imports of a certain type of optical fibre from which of the following to protect the domestic industry from cheap inbound shipments?
Explanation: The Directorate General of Trade Remedies (DGTR), which is a branch of the commerce ministry, has proposed the implementation of an anti-dumping tax on a specific type of optical fiber imported from China, Korea, and Indonesia to protect the local industry from low-priced foreign shipments.
After investigating the dumped imports of “dispersion unshifted single-mode optical fiber” from these countries, DGTR has suggested the duty.
This product is typically utilized for high-data-rate, long-distance, and access network transportation.
Birla Furukawa Fibre Optics Pvt. Ltd. had requested an anti-dumping inquiry on this product from these nations on behalf of the local industry, claiming that the dumped imports were causing significant harm to the domestic industry and requested the imposition of duties.
DGTR’s investigation discovered that the local industry had suffered significant damage due to the dumped imports.
The applicant was required to sell the product at a price lower than its cost of production, resulting in losses and negatively impacting the profitability of the domestic industry, according to a notification issued by DGTR.
7. Rajeev Luthra Passed away recently, he is associated with which field?
Explanation: Rajiv Luthra, veteran corporate lawyer and founder of the law firm Luthra and Luthra, passed away after a brief illness. He established Luthra and Luthra law firm in 1989 and played a key role in pioneering taxation and corporate law in India. Rajiv Luthra specialized in public-private partnerships and project finance, leading various corporate mergers and acquisitions, including the Coca-Cola-Parle and Sun Pharma-Ranbaxy mergers.
He was involved in conceiving amendments to the Copyright Act, 1957 and gave evidence before the Standing Committee of the Parliament on the issue of royalties to authors and composers.
Rajiv Luthra was appointed to the Advisory Board of the Competition Commission of India (CCI) to assist in framing the Competition Act, 2002.
8. Who among the following has been appointed as the first Indian Global Ambassador of Gucci?
Explanation: Gucci, the luxury fashion brand from Italy, has appointed Alia Bhatt as its first global ambassador from India. She will debut as the brand’s newest global ambassador at the Gucci Cruise 2024 show in Seoul next week. This appointment is an important moment for both the brand and the Indian fashion industry, especially since it comes after Bhatt’s Met Gala debut.
This is also the first time that Gucci has selected an Indian celebrity as a global ambassador, highlighting the growing recognition of the Indian market worldwide. The performer, businesswoman and producer will debut as Gucci’s representative at the Gucci Cruise 2024 fashion event, which will be held at the GyeongbokgungPalace in Seoul. This show will commemorate the 25th anniversary of the brand’s first shop opening in the country.
Explanation: The Asian Kabaddi Championship is set to return, bringing back international kabaddi competition.The championship will be held in South Korea, showcasing the sport’s popularity and growth in the region. The tournament will be held from June 27 to 30 in Busan, South Korea.India is the defending champion in both the men’s and women’s categories. The trials for the Indian men’s Kabaddi team will be held on May 17 at the Patliputra Sports Complex. The tournament will be the first international Kabaddi event since 2017. Kabaddi is a popular sport in India and is known for its fast-paced action and excitement.
10. International Day of Plant Health 2023 celebrates on-
Explanation: The United Nations designated 12 May the International Day of Plant Health (IDPH) to raise global awareness on how protecting plant health can help end hunger, reduce poverty, protect biodiversity and the environment, and boost economic development. The theme of this year’s celebration of International Day of Plant Health is “Plant Health for Environmental Protection,” as mentioned on the IPPC website. The IPPC is a 1951 multilateral treaty overseen by the Food and Agriculture Organisation of the United Nations (FAO) which formulates action plans to prevent and control the introduction and spread of pests of plants and plant products.
Here are some things you can do to celebrate International Day of Plant Health:
Learn more about plant health and the threats it faces.
Support organizations that are working to protect plants.
Make changes in your own life to help protect plants, such as composting, reducing your use of pesticides, and buying local food.
Get involved in your community and help raise awareness of the importance of plant health.
By taking action to protect plants, we can help ensure a sustainable future for our planet.
11. Which of the following countries will host the 6th Indian Ocean Conference (IOC)?
Explanation: Bangladesh will host the 6th Indian Ocean Conference (IOC) to be held in Dhaka from 12-13 May. High-level government delegations and think tanks from around 25 countries are expected to participate in the IOC. D-Eight is an organization for development cooperation between Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan and Turkey. It will provide a common platform to discuss possibilities of regional cooperation with the objective of security and economic growth for all in the region.
It is an attempt to bring together all important countries and major maritime partners of the region on a single platform. During the conference, discussions will also be held on strengthening cooperation between the countries of the Indian Ocean.
The 6th edition of the conference was organized by the India Foundation, Ministry of External Affairs, Bangladesh and S.K. Organized in collaboration with the Rajaratnam School of International Studies. Discussed possibilities of regional cooperation for Security and Growth for All (SAGAR) in the region.
12. Who among the following is to become the new Chairman and Managing Director of Larsen & Toubro, effective from October 1, 2023?
Explanation: Larsen & Toubro (L&T), an Indian multinational engineering company, announced that it has appointed S N Subrahmanyan as its new Chairman and Managing Director (CMD), effective October 1, 2023. Subrahmanyan is currently the CEO and MD of L&T. A M Naik, the company’s current Non-Executive Chairman, has decided to step down from his position on September 30, 2023. Naik will be given the role of Chairman Emeritus.
Naik has served L&T for more than 58 years and is credited with transforming the company into a global conglomerate. He is also credited with helping L&T move into other business areas such as IT and technology services, and financial services.
L&T’s revenue and profit grew by 10% each year-on-year in the fourth quarter of fiscal year 2023. The company’s board of directors on Wednesday recommended a final dividend of ₹24 per equity share, subject to approval of shareholders.
13. International Nurses Day is observed on _____________ every year to commemorate the birth of Florence Nightingale.
Explanation: International Nurses Day is observed on the 12th of May every year to commemorate the birth of Florence Nightingale, the founder of modern nursing, who was born on May 12, 1820. Nightingale was a British nurse, statistician, and social reformer who lay the foundation for what we see as modern nursing – a structured, methodical process of nursing the sick back to health. International Nurses Day is a Global celebration that acknowledges and celebrates the commitment and bravery of nurses around the world.
The theme for International Nurses Day 2023 is ‘Our Nurses. Our Future.’ It recognizes the invaluable contributions of nurses globally and highlights their vital role in shaping the future of healthcare. This day serves as a global celebration of nurses, honoring their commitment, bravery, and dedication. It emphasizes the importance of showing equal respect and gratitude to nurses worldwide for their tireless efforts in providing quality healthcare and improving patient outcomes.
14. Recently, Sea Harrier Museum was seen in the news. It has been inaugurated in which of the following places?
Explanation: The Sea Harrier (SH 606) fighter jet, designed and manufactured by British Aerospace, will be suspended from the roof of the former Rajiv Smruthi Bhavan in Vishakhapatnam, Andhra Pradesh. Andhra Pradesh Chief Minister YS Jagan Mohan Reddy will inaugurate the Sea Harrier Museum on Beach Road in Vishakhapatnam on May 11. The Sea Harrier Museum will be housed inside the 22,000-sqft Rajiv Smruthi Bhavan and will feature the fighter jet, two Pegasus engines, a flight simulator, and other artifacts brought from Goa.
The museum is expected to attract a large number of tourists due to its unique display of the decommissioned Indian Navy flight. Vishakhapatnam already has other popular tourist attractions like the INS Kurusura Submarine Museum and the TU 142 M aircraft museum, which draw visitors from all around the world.
15. Which of the following ports was conferred the best port award for the year 2022-23?
Explanation: Paradip Port was conferred with the award for the best incremental performance for attaining the highest cargo growth rate of 16.56% last year. The port also received the performance shield for Ship Berth Day Output. The award for the best Absolute Performance for the year 2022-23 was conferred on Deendayal Port, Kandla, for handling the highest cargo of 137.56 MMT. Other ports, such as Jawaharlal Nehru Port, Paradip Port, Kamarajar Port, and Cochin Port, were also recognized for their exceptional achievements.
The Ministry of Ports, Shipping & Waterways has launched ‘Harit Sagar’ Green Port Guidelines 2023 to achieve its vision of zero carbon emissions. The guidelines were launched by Union Minister for Ports, Shipping & Waterways and AYUSH, Shri Sarbananda Sonowal, in the presence of other senior officials of the ministry in New Delhi. The guidelines aim to align with the ‘Working with Nature’ concept, minimize the impact on the biotic components of harbor ecosystems, and promote the use of clean/green energy in port operations.
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