Daily GK and Current Affairs Quiz - 18th May 2023
Daily GK and Current Affairs Quiz - 18th May 2023

Daily GK and Current Affairs Quiz – 18th May 2023

Today’s Current Affairs Quiz. Important Current Affairs Questions – May 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 – 18h May 2023″ in PDF format based on the current events for your daily practice.

This “Current Affairs Quiz –18th May 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 –  18th 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. The UGC has launched ‘UTSAH’ and ‘Professor of Practice’ Portal. In the context of UTSAH, what does ‘U’ stands for?

  1. Unit
  2. University
  3. Undertaking
  4. Understanding
  5. None of these

Show Correct Answers

Correct Answer:  C. Undertaking

Explanation:  The University Grants Commission (UGC) has launched a new website, the UTSAH (Undertaking Transformative Strategies and Actions in Higher Education) Portal, and the Professor of Practice (PoP) Portal to promote quality education in India. The launch of these new initiatives is a significant step by the UGC in its efforts to promote quality education in India. The new website, UTSAH Portal, and PoP Portal will provide valuable resources to students, faculty, and universities, and will help to improve the quality of higher education in India.

  • The new UGC website is more user-friendly and informative, with categorized information for students, faculty, and universities. The website also has a section on the National Education Policy 2020, which outlines the UGC’s vision for higher education in India.
  • The UTSAH Portal is a comprehensive platform that provides detailed information about UGC’s initiatives for qualitative reforms in higher education. The portal covers a wide range of topics, including curriculum development, faculty development, research, and student support.
  • The PoP Portal is a new initiative that aims to facilitate the appointment of experienced professional experts as faculty members in higher education institutions. The portal will provide a platform for institutions to connect with experienced professionals and invite them to apply for faculty positions.

Here are some of the key features of the new UGC website, UTSAH Portal, and PoP Portal:

  • The new UGC website is more user-friendly and informative, with categorized information for students, faculty, and universities.
  • The UTSAH Portal is a comprehensive platform that provides detailed information about UGC’s initiatives for qualitative reforms in higher education.
  • The PoP Portal is a new initiative that aims to facilitate the appointment of experienced professional experts as faculty members in higher education institutions.

2. According to the UN report, ‘World Economic Situation and Prospects as of mid-2023’ what would be India’s economic growth in CY 2024?

  1. 6.3%
  2. 6.5%
  3. 5.5%
  4. 6.7%
  5. None of these

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Correct Answer:  D. 6.7%

Explanation:  The World Economic Situation and Prospects report released by the United Nations has reposed its faith in the Indian economy. The report said that India is expected to grow by 5.8 percent in 2023 and 6.7 percent in 2024. With this, India is expected to remain the fastest-growing major economy in the world. The growth will be supported by resilient domestic demand. The UN report said that India remains a bright spot amid global economic uncertainty. It said that inflation in India is expected to decelerate to 5.5 percent in 2023 with the moderation of global commodity prices and slower currency depreciation.

The report said that economic growth in India is expected to remain strong while the prospects for other South Asian nations are more challenging.  Since India’s inflation is about 5.5 percent, India will have significant room for both fiscal expansion and monetary accommodation to support the domestic demand. The report said the world economy is projected to grow by 2.3 percent in 2023 and 2.5 percent in 2024.

3. The Gajraj Corps of the Indian Army conducted a Joint Flood Relief ‘Exercise Jal Rahat’ in which of the following states/UT?

  1. Sikkim
  2. Assam
  3. Kerala
  4. Jammu and Kashmir
  5. None of these

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Correct Answer:  B. Assam

Explanation:  The Gajraj Corps of the Indian Army recently conducted a joint flood relief exercise called ‘Jal Rahat’ at Hagrama Bridge on Manas River in Assam. The purpose of the exercise was to validate joint drills and enhance coordination among multiple agencies involved in flood relief operations. The event witnessed the participation of various organizations, including the Indian Army, Sashastra Seema Bal (SSB), National Disaster Response Force (NDRF), State Disaster Response Force (SDRF), District Disaster Management Authority (DDMA), and police representatives. The exercise focused on coordinating preparedness and conducting rescue missions in flood-affected areas.

The ‘Jal Rahat’ exercise aimed to strengthen collaboration and coordination among different agencies involved in flood relief operations. By conducting joint drills and rehearsals, the exercise provided an opportunity for the specialist teams from the Army, NDRF, and SDRF to work together seamlessly. This joint effort ensured a more efficient and effective response to rescue and evacuate people from inundated areas during floods.

4. Food and grocery Delivery Company Zomato has rolled out its own unified payments interface (UPI) offering, called Zomato UPI in partnership with which of the following banks?

  1. YES Bank
  2. Axis Bank
  3. ICICI Bank
  4. Federal Bank
  5. None of the above

Show Correct Answers

Correct Answer:  C. ICICI Bank

Explanation:  Food and grocery delivery company Zomato has announced its partnership with ICICI Bank to introduce its own unified payments interface (UPI) offering called Zomato UPI. With this new feature, Zomato aims to enhance the payment experience for its users by allowing them to complete orders and make payments seamlessly within the Zomato app, without the need to switch to a separate payment app. Zomato UPI eliminates the hassle of redirecting users to external payment apps like Google Pay or PhonePe. Users can now sign up and create a new UPI ID directly within the Zomato app. This feature ensures that customers can complete their orders and make payments on the same page, enhancing convenience and efficiency.

By introducing Zomato UPI, the company aims to reduce its reliance on cash on delivery (COD) orders. COD orders are challenging to manage and involve additional costs for handling cash. Zomato seeks to eliminate these issues and offer a smoother payment experience for its customers. With Zomato UPI, the company hopes that more customers will opt for digital UPI payments, moving away from the traditional COD option.

5. The World Bank has approved a ___________ loan towards the adoption of global best practices for animal health management & to prevent, detect, & respond to endemic zoonotic diseases in India.

  1. $ 52 million
  2. $ 62 million
  3. $ 72 million
  4. $ 82 million
  5. None of these

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Correct Answer:  D. $ 82 million

Explanation:  The World Bank’s Board of Executive Directors has approved an $82 million loan to support India’s efforts in adopting global best practices for animal health management. The loan aims to prevent, detect, and respond to endemic zoonotic, transboundary, and emerging infectious diseases, recognizing the interconnectedness of people, animals, and the environment. With India being home to the largest livestock population in the world, the risks associated with animal disease outbreaks are particularly high. These outbreaks not only pose risks to public health systems but also have significant economic costs. For instance, foot and mouth disease alone costs the country over $3.3 billion annually.

  • The loan will support India’s Livestock Health and Disease Control Program, which aims to control animal diseases and zoonoses. By implementing this program, the risks of animal disease outbreaks can be reduced through improved disease surveillance and veterinary services in the livestock and wildlife sectors.
  • Through the Animal Health System Support for One Health Program, at least 2.9 million livestock farmers in the participating states of Assam, Karnataka, Maharashtra, Odisha, and Madhya Pradeshwill have increased access to improved animal health services. This will help ensure the early detection and timely response to potential disease outbreaks.

6. Which of the following person has been elected as the chairman of Akhil Bharatiya Natya Parishad?

  1. Sunil Dhage
  2. Prashant Damle
  3. Sameer Indulkar
  4. Naresh Gadekar
  5. None of these

Show Correct Answers

Correct Answer:  B. Prashant Damle

Explanation:  Prashant Damle has been elected as the Chairman of Akhil Bharatiya Marathi Natya Parishad. The election was held on May 16, 2023, at the ABNP’s headquarters in Mumbai. There were a total of 60 voters, and Damle received 50 votes, while Deshpande received 10 votes. Damle’s victory is seen as a victory for the younger generation of theatre artists, who are looking to bring about change in the ABNP. Damle has promised to revitalize the ABNP and make it more relevant to the needs of the present times. He has also promised to promote young talent and to make the ABNP more inclusive.

7. In which of the following northeast state a new flying gecko species discovered?

  1. Manipur
  2. Assam
  3. Mizoram
  4. Meghalaya
  5. None of these

Show Correct Answers

Correct Answer:  C. Mizoram

Explanation: New Flying Gecko Species Found in Mizoram. Researchers at Mizoram University and the Max Planck Institute for Biology in Tubingen, Germany, have discovered a new species of flying gecko along the Indo-Myanmar border. The creature has been named after the Northeastern state of Mizoram Dubbed the Gekko mizoramensis, it is the name given to the new species after the state of Mizoram. Professor Hmar Tlawmte Lalremsanga led the team.

The gecko is a member of the Ptychozoon genus, which is known as the “flying geckos” or “parachute geckos.” The gecko is found in the forests of Mizoram along the Indo-Myanmar border. The gecko is about 4 inches long and has a brown and white body with dark spots. The gecko has webbed feet and a flat tail, which it uses to glide from tree to tree. The gecko is the first new species of flying gecko to be discovered in over 50 years.

8. International Museum Day, observed on____________, serves the purpose of increasing recognition for the vital role that museums play in fostering cultural exchange.

  1. 15th May
  2. 16th May
  3. 17th May
  4. 18th May
  5. None of these

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Correct Answer:  D. 18th May

Explanation:  International Museum Day, observed on Thursday, May 18, 2023, serves the purpose of increasing recognition for the vital role that museums play in fostering cultural exchange, enhancing diverse cultures, and fostering mutual understanding, cooperation, and peace among different communities. This day, as stated by the International Council of Museums, aims to raise awareness about the significance of museums as valuable platforms for promoting global harmony and development. The theme for the 2023 International Museum Day is “Museums, Sustainability, and Well-being.” This theme emphasizes the crucial role that museums can assume in advancing the concepts of well-being and sustainability. Museums contribute to these goals by gathering, conserving, and showcasing artifacts that narrate the history of our planet and its diverse life forms.

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9. Recently, Who among the following has been appointed as the COO and President of Paytm?

  1. Surinder Chawla
  2. Bhavesh Gupta
  3. Praveen Gupta
  4. Vijay Shekhar Sharma
  5. None of these

Show Correct Answers

Correct Answer:  B. Bhavesh Gupta

Explanation:   One 97 Communications Ltd, the parent company of Paytm, announced the appointment of Bhavesh Gupta as the President and Chief Operating Officer (COO) of the fintech company. Previously serving as the Senior Vice President, Gupta will now take on the responsibility of overseeing various verticals within Paytm, including lending, insurance, online and offline payments, consumer payments, and spearheading important initiatives such as user growth, operational risk, fraud risk, and compliance. Gupta will report directly to Paytm’s Managing Director and Chief Executive Officer, Vijay Shekhar Sharma.

Bhavesh Gupta took on the role of CEO for Paytm’s lending business in 2020. With an extensive professional background, Gupta boasts 25 years of experience in financial services, specifically in areas such as payments, technology, analytics platforms, retail loans, digital lending, SME banking, and retail banking. Prior to joining Paytm, he held several leadership positions, including CEO of Clix Capital (formerly known as GE Capital). Additionally, Gupta served as the Head of SME & Business Banking at IDFC Bank and held various roles at ICICI Bank. He holds a degree from Delhi University and completed his MBA at the Institute of Management Studies, Indore.

10. Who among the following has authored the book titled ” Supreme Court On Commercial Arbitration”?

  1. Amitabh Kant
  2. Dr. Vikas Divyakirti
  3. Dr. Manoj Kumar
  4. Shri. R.Venkataramani
  5. None of these

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Correct Answer:  C. Dr. Manoj Kumar

Explanation:  A compendium of three volumes with Judgments spanning from the year 1988 till 2022 covering Arbitration Act 1940 and 1996, the book titled ‘Supreme Court on Commercial Arbitration’ by Dr.Manoj Kumar and fore worded by Shri.R.Venkataramani was released on 13.05.2023 being the founders day of Hammurabi & Solomon Partners. There has been substantial jurisprudence laid down by the Hon’ble Supreme Court in the Country on Commercial Arbitration spanning over multiple statutory frameworks. There was a need to put all the significant Judgments of the Apex Court on Commercial Arbitration at one place to have a better understanding on how the law has evolved. This work in the shape of a compendium of three volumes with Judgments spanning from the year 1988 till 2022 covering Arbitration Act, 1940 and Arbitration and Conciliation Act, 1996 aims to achieve the above objective.

 

11. Which of the following country will host Asia Petrochemical Industry Conference 2023?

  1. USA
  2. Japan
  3. India
  4. China
  5. None of these

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Correct Answer:  C. India

Explanation:   The Chemicals and Petrochemicals Manufacturers‘ Association (CPMA) of India will host the 41st edition of the Asia Petrochemical Industry Conference 2023 (APIC 2023) in New Delhi on 18-19 May.  The theme of the conference is “Ushering in a Sustainable Future.” The conference will bring together industry leaders from across Asia to discuss the latest trends and challenges in the petrochemical industry. The conference will also provide a platform for India to showcase its strengths as a petrochemicals hub.

The APIC is a major international event in the petrochemical sector. The conference is expected to attract over 500 delegates from over 20 countries. The conference will feature a keynote address by the Minister of Petroleum and Natural Gas of India. The conference will also feature a number of panel discussions and workshops on topics such as sustainability, innovation, and market trends. The APIC is a valuable opportunity for industry leaders to network and share ideas.

12. Global Accessibility Awareness Day Celebrates on-

  1. 17th May
  2. 18th May
  3. 19th May
  4. 20th May
  5. None of these

Show Correct Answers

Correct Answer:  B. 18th May

Explanation:  The Department of Empowerment of Persons with Disabilities (DEPwD) will be celebrating the Global Accessibility Awareness Day (GAAD) on 18th May 2023, with the vision to build an inclusive society in which equal opportunities are provided for the growth and development of Persons with Disabilities so that they can lead productive, safe and dignified lives. DEPwD, under Ministry of Social Justice and Empowerment, Government of India is the nodal body to look after all the development agenda of Persons with Disabilities of the country.

Keeping ‘inclusion’ as a central mandate, the Department with 65 institutes/organisations that are associated with DEPwD will be conducting events at more than 80 places across India. Celebrated on the 3rd Thursday of May every year the purpose of GAAD is to get everyone talking, thinking and learning about digital- web, software, mobile, etc. access/inclusion for people with different disabilities.

13. Mumbai ranked _______ among 46 global cities in terms of annual price growth of high-end residential properties.

  1. 3rd
  2. 5th
  3. 6th
  4. 10th
  5. None of these

Show Correct Answers

Correct Answer:  C. 6th

Explanation:  Mumbai has moved up to the sixth rank among 46 global cities in terms of annual price growth of high-end residential properties, with an appreciation of 5.5%, according to a report by real estate consultant Knight Frank India. The report, titled ‘Prime Global Cities Index Q1 2023’, notes that Bengaluru and New Delhi have also registered an increase in average annual prices in the first quarter of 2023.

  • Mumbaimoved up significantly from its 38th rank in Q1 2022, and Bengaluru and New Delhi also witnessed an upward movement in index ranking.
  • Mumbai’s rise on the international index is largely attributed to the rise in demand in the city.
  • The report emphasizes that while the demand has been strong for all segments, it has seen a rise in the sale of higher value products.

The Prime Global Cities Index is a valuation-based index tracking the movement of prime residential prices across 46 cities worldwide, tracking nominal prices in local currency. Dubai clinched the top position globally in terms of the increase of 44.2% in prime residential properties values. Knight Frank India CMD Shishir Baijal noted that the Indian real estate markets have displayed continued momentum in demand despite concerns of an inflationary environment and a steep rise in home loan rates over the past 12 months.

14. Recent UNEP’s report “Turning off the Tap: How the world can end plastic pollution and Create a circular economy” states that global plastic pollution can be reduced by up to 80% by _______.

  1. 2028
  2. 2030
  3. 2035
  4. 2040
  5. None of these

Show Correct Answers

Correct Answer:  D. 2040

Explanation:  United Nations Environment Programme (UNEP)’s report “Turning off the Tap: How the world can end plastic pollution and Create a circular economy” states that global plastic pollution can be reduced by up to 80% by 2040 if the companies and countries make policies and market shifts using existing technologies. The report released ahead of the second round of negotiations in Paris, France, is aimed at agreeing to a world-first international plastics treaty to beat plastic pollution. The treaty negotiations, known as INC2 (second meeting of the Intergovernmental Negotiating Committee), will take place from May 29 to June 2, 2023.  The treaty would address the whole life of plastics from production to disposal. The report focuses on 3 main market shifts that are required to create a circular economy that keeps produced items in circulation as long as possible and to replace the widespread use of single-use plastics and their inappropriate disposal.The 3 key shifts are,

  • Accelerate Reuse.
  • Accelerate Recycling.
  • Reorient and Diversify the market for sustainable and safe plastic alternatives.

The report highlights that recycling could achieve an additional 20% by 2040 if the process of recycling becomes a more stable and profitable venture and fossil fuel subsidies are removed. The reuse systems provide the highest opportunity to reduce plastic pollution, up to 30% reduction by 2040, by replacing some of the most problematic and unnecessary products. The replacement of plastic wraps and sachets with compostable materials(sustainable alternatives) could yield an additional 17% reduction.

15. Who among the following has been appointed the new chairman of the Data Security Council of India (DSCI)?

  1. Kamlesh Bajaj
  2. Vinayak Godse
  3. Pramod Bhasin
  4. Rajendra S Pawar
  5. None of these

Show Correct Answers

Correct Answer:  C. Pramod Bhasin

Explanation:  Genpact founder Pramod Bhasin has been appointed the new chairman of the Data Security Council of India (DSCI), effective April 1, 2023, the organisation announced Wednesday. Bhasin is currently also the chairman of Indian Council for Research on International Economic Relations (ICRIER). He succeeds Rajendra S Pawar, the chairman and cofounder of NIIT Group. DSCI CEO Vinayak Godse.

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