Daily GK and Current Affairs Quiz - 1st February 2023
Daily GK and Current Affairs Quiz - 1st February 2023

Daily GK and Current Affairs Quiz – 1st February 2023

Today’s Current Affairs Quiz. Important Current Affairs Questions – January 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 – 1st February 2023″ in PDF format based on the current events for your daily practice.

This “Current Affairs Quiz – 1st February 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 – 1st February 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. World Economic Outlook released in January 2023 said that India will grow at 6.1% in 2023, the report was released by ________________.

  1. World Bank
  2. World Economic Forum
  3. New Development Bank
  4. International Monetary Fund
  5. None of these

Show Correct Answers

Correct Answer:  D. International Monetary Fund

Explanation:  The International Monetary Fund (IMF) has said that India to remain the fastest-growing major economy in the world despite global headwinds. The IMF released its January update on World Economic Outlook. It said that India will grow at 6.1% in 2023 before picking up to 6.8% in 2024 fuelled by resilient domestic demand.

  • IMF also pointed out that the growth in emerging and developing Asia is expected to rise at 5.3 per cent in 2023 and 5.2 per cent in 2024.
  • On a positive note, IMF said that negative growth in global GDP or global GDP per capita is not expected despite the fear of recession.
  • The IMF stated that the growth in China is projected to rise to 5.2 per cent in 2023 pointing to rapidly improving mobility.

2. _____________ has become the first payment gateway player to process Central Bank Digital Currency (CBDC) or Digital Rupee transactions for online retail merchants.

  1. Paytm
  2. PayU
  3. Razorpay
  4. CC Avenue
  5. None of these

Show Correct Answers

Correct Answer:  D. CC Avenue

Explanation:  Infibeam Avenues’s flagship payments brand — CCAvenue, has become the first payment gateway player to process Central Bank Digital Currency (CBDC) or Digital Rupee transactions for online retail merchants. CCAvenue has facilitated CBDC online transactions for one of the leading private sector banks. RBI had on December 1 launched the first pilot of the e-rupee retail segment. The central bank notified eight banks for the pilot–beginning with State Bank of India, ICICI Bank, Yes Bank and IDFC First Bank in the first phase across Mumbai, New Delhi, Bengaluru and Bhubaneswar.

In the second phase, the pilot will be carried out by Bank of Baroda, Union Bank of India, HDFC Bank and Kotak Mahindra Bank, with the facility being extended to Ahmedabad, Gangtok, Guwahati, Hyderabad, Indore, Kochi, Lucknow, Patna and Shimla. Infibeam Avenues recently received the Payment Aggregator license from RBI, followed by a perpetual license to operate as Bharat Bill Payment Operating Unit (BBPOU).

3. Indian Institutional Ranking Framework (IIRF) ranking (2023), ________________, is the top government college in India for pursuing the Master of Business.

  1. IIM Indore
  2. IIM Lucknow
  3. IIM Calcutta
  4. IIM Ahmedabad
  5. None of these

Show Correct Answers

Correct Answer:  D. IIM Ahmedabad

Explanation:  According to the latest Indian Institutional Ranking Framework (IIRF) ranking (2023), the Indian Institute of Management (IIM), Ahmedabad (Gujarat), is the top government college in India for pursuing the Master of Business Administration (MBA) course. IIM Bengaluru (Karnataka) and IIM Kolkata (West Bengal) are ranked second and third, respectively, after IIM Ahmedabad. The ranking was based on seven criteria: Research, Teaching­Learning Resource Pedagogy, Industry Income and Integration, Placement Performance, Future Orientation, External Perception and International Outlook, & Placement Strategies and Support.

Top 5 Business Schools in India: Government

  1. IIM Ahmedabad, Gujarat
  2. IIM Bengaluru, Karnataka
  3. IIM Kolkata, West Bengal
  4. IIM Lucknow, Uttar Pradesh
  5. Faculty of Management Studies, University of Delhi, Delhi

IRF MBA Ranking 2023: Private Colleges

  1. Xavier Labour Relations Institute (XLRI), Jamshedpur, Jharkhand
  2. Management Development Institute (MDI), Gurugram, Haryana
  3. Symbiosis Institute of Business Management, Pune, Maharashtra
  4. S P Jain Institute of Management & Research (SPJIMR), Mumbai, Maharashtra
  5. Symbiosis Centre For Management & Human Resource Development (SCMHRD), Pune, Maharashtra

Top 5 Business Schools in the world

  1. London Business School, United Kingdom (UK)
  2. Wharton­ University of Pennsylvania, United States of America (USA)
  3. Harvard Business School, USA
  4. Stanford University, USA
  5. INSEAD, France

4. According to the Economic Survey 2022-2023, India has become the ___________________ largest mobile phone manufacturer globally.

  1. Fifth
  2. Third
  3. First
  4. Second
  5. None of these

Show Correct Answers

Correct Answer:  D. Second

Explanation: Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman, presented the Economic Survey 2022-23 in the Union Parliament. The report suggested that India will witness GDP growth of 6.0 per cent to 6.8 per cent in 2023-24, depending on the trajectory of economic and political developments globally.  India has become the second-largest mobile phone manufacturer globally, with the production of handsets going up from 6 crore units in FY15 to 29 crore units in FY21.

5. Who among the following was appointed by Morgan Stanley as its country head for India?

  1. Aparna Amol
  2. Anil Vasudev
  3. Arun Kohli
  4. Ankush Ravindra
  5. None of these

Show Correct Answers

Correct Answer:  C. Arun Kohli

Explanation:  Morgan Stanley named Arun Kohli as the new India head to replace Sanjay Shah, a veteran of 26 years at the firm, who is retiring. Kohli, currently the chief operating officer for EMEA, will head the US bank’s business in the country, according to a memo seen by Bloomberg News. With the bank since 2007, Kohli will relocate to Mumbai from London where he headed the firm’s post-Brexit strategy and implemented growth strategies across markets in the region.

The Wall Street bank had been operating in India for 29 years and provides a variety of services from investment banking, fixed income, commodities and derivative products, according to information available on its website. Shah, who rose through the ranks after joining the company as an associate in 1996 in the institutional equities division in Mumbai, was named its country head in 2021.

6. Which of the following is the theme country of the 46th International Kolkata Book Fair?

  1. France
  2. Ukraine
  3. Spain
  4. Germany
  5. None of these

Show Correct Answers

Correct Answer:  C. Spain

Explanation:  West Bengal Chief Minister Mamata Banerjee inaugurated the 46th International Kolkata Book Fair at Salt Lake.  The book fair, one of the biggest in eastern India, will be held from January 31 to February 12 at the Central Park Mela ground. Spain is the theme country at the fair. Maria Jose Galvez Salvador, Director-General of Books and Promotion of Reading, Spanish Ministry of Culture & Sports, was present at the inauguration. According to the organisers of the book fair, there will be nine entry and exit points for easy movement of visitors. “One of the gates will be a replica of the Toledo Gate of Spain. Among the other gates, there will be Biswa Bangla Gate and Najrul’s Agnibina Gate. Two big halls at the fair, having mainly English publications have been named after Michael Madhusudan Dutt and Pyaricharan Sarkar, commemorating their bicentenary birth year,”.

7. Who among the following has been appointed as the new Drugs Controller General of India (DCGI)?

  1. Naresh Lalwani
  2. Madhvendra Singh
  3. Dr Rajeev Singh Raghuvanshi
  4. Siddharth Sement Ahmeharma
  5. None of these

Show Correct Answers

Correct Answer:  C. Dr Rajeev Singh Raghuvanshi

Explanation:  The Union Public Service Commission (UPSC) has recommended the name of Dr Rajeev Singh Raghuvanshi as the new Drugs Controller General of India (DCGI). The Union Public Service Commission (UPSC) conducted interviews for the appointment of the Drugs Controller General of India (DCGI). The UPSC conducted interviews for the appointment of the DCGI, with the top contenders being Dr. VG Somani, Dr Rajeev Singh Raghuvanshi, and Dr Jai Prakash. DCGI heads the Central Drugs Standard Control Organisation (CDSCO) which is responsible to ensure quality drug supply across the country. It also has the authority to give approval to new drugs and regulate clinical trials.

8. Who is the author of the book titled “The Poverty Of Political Economy: How Economics Abandoned the Poor?”

  1. Vikram Sampath
  2. Dr Ashwin Fernandes
  3. Meghnad Desai
  4. Tamal Bandyopadhyay
  5. None of these

Show Correct Answers

Correct Answer:  C. Meghnad Desai

Explanation:  India-born naturalised British economist Meghnad Desai has authored a new book titled “The Poverty Of Political Economy: How Economics Abandoned the Poor” which highlights how the discipline of economics, since the time it evolved from the late 18th century, systematically kept the interests of the poor at the periphery. The book is published by HarperCollins Publishers India. The book examines the philosophical traditions that have shaped economics across the world in this engrossing new book. Through this book, Meghnad Desai studies the contributions of economics to domestic and international politics from Adam Smith to John Maynard Keynes, and from the Great Depression to the collapse of the Lehmann Brothers.

9. The Indian Coast Guard (ICG) is celebrating its 47th Raising Day on-

  1. 1st February
  2. 2nd February
  3. 3rd February
  4. 4th February
  5. None of these

Show Correct Answers

Correct Answer:  A. 1st February

Explanation:  The Indian Coast Guard (ICG) is celebrating its 47th Raising Day on 1st February 2023. From a modest beginning with just seven surface platforms in 1978, the ICG today has 158 ships and 78 aircraft and is likely to achieve the targeted force levels of 200 surface platforms and 80 aircraft by 2025. As the fourth largest Coast Guard in the world, the Indian Coast Guard has played a significant role in securing the Indian Coasts and enforcing regulations in the Maritime Zones of India. The ICG was formally established on February 1, 1977, by the Coast Guard Act, 1978 of the Parliament of India. It operates under the Ministry of Defence.

10. Shanti Bhushan passed away recently. He was related to which of the following fields?

  1. Law
  2. Acting
  3. Cricket
  4. Filmmaking
  5. None of these

Show Correct Answers

Correct Answer:  A. Law

Explanation:  Former Union law minister and eminent jurist Shanti Bhushan, passed away at the age of 97. He served as the law minister in the Morarji Desai-led Janata Party government from 1977 to 1979, which came to power after Emergency. Bhushan was among the founding members of the Aam Aadmi Party which was formed in 2012. He had also actively participated in the agitation led by social activist Anna Hazare. Bhushan represented politician Raj Narain in the historic case against Indira Gandhi. Freedom fighter and politician Raj Narain, who had unsuccessfully contested the 1971 Lok Sabha elections from Raebareli in Uttar Pradesh against Gandhi, had in his plea accused her of corrupt electoral practices. Gandhi had moved the Supreme Court against the high court verdict. It triggered a series of events culminating into the imposition of Emergency on June 25, 1975.

11. Who among the following has been appointed as the first CEO of the Gujarat Maritime Cluster (GMC)?

  1. Sekhar Rao
  2. Ravi Kumar
  3. Praveen Kumar
  4. Madhvendra Singh
  5. None of these

Show Correct Answers

Correct Answer:  D. Madhvendra Singh

Explanation:  Madhvendra Singh appointed as the first Chief Executive Officer (CEO) of Gujarat Ports Infrastructure Company Limited of the Gujarat Maritime Cluster. The Gujarat Maritime Cluster (GMC) is the first of its kind Commercial Maritime Cluster in the country aimed at creating a hub for maritime services of international standards. Gujarat Maritime Board established GMC through its subsidiary, Gujarat Ports Infrastructure Company Limited, to provide impetus to the overhauling of the state and nation’s maritime sector by developing an integrated ecosystem of soft services related to the global maritime and shipping industry in line with the concept of ‘the sum of the whole is greater than the sum of the individual companies.

  • Gujarat Maritime Cluster intends to host a wide array of maritime, shipping, and logistics services providers in GIFT City at Gandhinagar.
  • It is the first and only maritime cluster in India at present. Besides serving as a vital platform enabling the regional maritime businesses to put forth their views and interests.
  • One of the biggest strengths of the Gujarat Maritime Cluster is that it shall bring together the industry players, Government, Academia (Gujarat Maritime University), and the Alternate Dispute Resolution Centre, enabling a synergetic collaboration, and accelerating the value creation in the maritime sector.
  • The Cluster has the unique advantage of leveraging the regulatory flexibility which is afforded by the first International Finance Services Centre (IFSC) in the country.
  • Gujarat Ports Infrastructure Company Limited has appointed Madhvendra Singh as the first CEO.
  • The company informed that his wealth of knowledge and experience would aid Gujarat in converting itself into a Global Hub for International Maritime Services by bringing all the relevant stakeholders together by targeting to match and further define the Global Best Practices in the maritime and shipping industry.
  • His knowledge and planning will help in achieving effectiveness and efficiency across all spectrums of the services which shall form an integral part of the Cluster.

12. How much amount of gross GST revenue was collected by the government of India during January 2023?

  1. ₹ 1,47,686 crore
  2. ₹ 1,51,718 crore
  3. ₹1,55,922 crore
  4. ₹ 1,42,095 crore
  5. None of these

Show Correct Answers

Correct Answer:  C. ₹1,55,922 crore

Explanation:  According to finance ministry Nirmala Sitharaman, the Goods and Services Tax (GST) collection in January 2023 saw a significant increase, reaching over Rs 1.55 lakh crore. This marks the second highest-ever mop-up for the GST collection and demonstrates a growth in the country’s economy. The GST collection for January 2023 has reached over the ₹1.50 lakh crore mark for the third time this financial year, and is only second to the highest collection of ₹1.68 lakh crore in April 2022. The revenues for the current financial year up to January 2023 are 24% higher than the GST revenues during the same period last year.

  • The total amount collected was ₹1,55,922 crore, including ₹28,963 crore in Central GST (CGST), ₹36,730 crore in State GST (SGST), ₹79,599 crore in Integrated GST (IGST) and ₹10,630 crore in cess.
  • The IGST collection also included ₹37,118 crore collected on the import of goods and the cess collection included ₹768 crore collected on the import of goods.
  • The increase in GST collection is a positive sign for the Indian economy and shows the growth of the country’s tax system.

In the October-December 2022 quarter, a total of 2.42 crore GST returns were filed compared to 2.19 crore in the same quarter of the previous year. This improvement in compliance is a result of various policy changes introduced throughout the year.

13. Who among the following has been awarded the inaugural Shane Warne Award as the men’s Test player of the year 2023?

  1. Lance Morris
  2. Steve Smith
  3. Michael Neser
  4. Usman Khawaja
  5. None of these

Show Correct Answers

Correct Answer:  D. Usman Khawaja

Explanation:  Australia’s opening batter, Usman Khawaja has claimed the inaugural Shane Warne Award as the men’s Test player of the year in 2023. He has been Australia’s top run-scorer in the five-day format since rejoining the Test team, with 1020 runs at 78.46 during the voting period.

Other winners:

  • Belinda Clark Award (Women’s): Beth Mooney
  • Allan Border Medal (Men’s): Steve Smith
  • Men’s ODI Player of the Year: David Warner
  • Women’s ODI Player of the Year: Beth Mooney

14. KV Tirumalesh passed away recently. He was a veteran __________.

  1. Scientist
  2. Writer
  3. Writer
  4. Journalist
  5. None of these

Show Correct Answers

Correct Answer:  B. Writer

Explanation:  Noted Kannada writer K.V. Tirumalesh, 82, passed away in Hyderabad. K.V. Tirumalesh was suffering from age-related illnesses. He was regarded as one of the most versatile writers across genres and a man with eclectic interests. He is primarily recognized as a poet and honored with the Sahitya Akademi award for his innovative work Akshaya Kavya — “a long narrative sans story or aim” as he described it — he wrote extensively across genres, including plays, short stories, novels, translations, and criticism. K. V. Tirumalesh born in the year 1940, was an Indian poet, writer, and critic in the Kannada and English languages, and a retired professor. He was awarded the Sahitya Akademi Award for his collections of poems Akshaya Kavya in Kannada (2010).

15. For the 20th edition of the largest event in the biotechnological industry of Asia, global business firm BioAsia picked _____________________ as its country partner.

  1. France
  2. UK
  3. USA
  4. Canada
  5. None of these

Show Correct Answers

Correct Answer:  B. UK

Explanation:  For the 20th edition of the largest event in the biotechnological industry of Asia, global business firm BioAsia picked the United Kingdom (UK) as its country partner. Eager to expand its relations with the Indian life-sciences industry, UK is home to over 6,330 businesses that employ over 2,68,000 people in the industry that generated £88.9 billion revenue in 2020. With the theme of – ‘Advancing for ONE: Shaping the next generation of humanized healthcare’, BioAsia 2023 is all set to be held from February 24 to 26 in Hyderabad.

Daily GK and Current Affairs Quiz – 31st January 2023


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