Daily GK and Current Affairs Quiz - 9th May 2023
Daily GK and Current Affairs Quiz - 9th May 2023

Daily GK and Current Affairs Quiz – 9th 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 – 9th May 2023″ in PDF format based on the current events for your daily practice.

This “Current Affairs Quiz –9th 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 –  9th 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. Recently, in which among the following states, a new lithium deposit has been discovered?

  1. Uttarakhand
  2. Gujarat
  3. Rajasthan
  4. Madhya Pradesh
  5. None of these

Show Correct Answers

Correct Answer:  C. Rajasthan

Explanation:  Lithium reserves have been discovered in Rajasthan’s Degana following the recent discovery in Jammu and Kashmir’s Reasi. The newly discovered reserves in Degana are believed to be larger than those found in Jammu and Kashmir and officials claim that they could meet up to 80% of India’s demand for lithium. This is the first time that lithium reserves have been found in Degana.

Previously, only a minor lithium reserve had been discovered in Karnataka, making this the first significant mineral discovery of its kind in India. The discovery has been attributed to the mines ministry’s renewed focus on rare earth metals, as lithium is a crucial component of batteries used in electric vehicles. The government is actively searching for rare metal reserves both domestically and internationally. The Geological Survey of India (GSI) is not the only organization involved in this effort. A consortium of three Public-sector Undertaking companies, including National Aluminium Company, Hindustan Copper, and Mineral Exploration Corp, is also involved in research and development of lithium-ion batteries through recycling, acquisition, and joint manufacturing efforts.

2. According to a recent report by Boston Consulting Group (BCG), the Fintech sector to become $1.5 trillion industry by _______.

  1. 2035
  2. 2032
  3. 2030
  4. 2028
  5. None of these

Show Correct Answers

Correct Answer:  C. 2030

Explanation:  Fintech sector to become $1.5 trillion industry by 2030, Asia-Pacific to outpace US at 27% CAGR, says report. The fintech sector, which currently holds a 2 per cent share of the global financial services revenue of $12.5 trillion, is estimated to grow up to 7 per cent, of which banking fintechs are estimated to constitute almost 25 per cent of all banking valuations worldwide by 2030, said a report by Boston Consulting Group (BCG) and QED Investors.

3. According to the Report on Currency and Finance (RCF) 2022-23, India’s green financing requirement is estimated at _______of Gross Domestic Product (GDP).

  1. 3.2%
  2. 2.5%
  3. 1.7%
  4. 4.8%
  5. None of these

Show Correct Answers

Correct Answer:  B. 2.5%

Explanation:  As per the Reserve Bank of India’s (RBI) report on Currency and Finance (RCF) for the year 2022-23, India would require at least 2.5% of GDP annually until 2030 for green financing. The report addresses various areas such as the extensive and rapid impact of climate change, implications for financial stability, and policy choices to mitigate climate-related risks. India has set an objective to achieve net-zero emissions by 2070. According to the report, if the Central Bank Digital Currency (CBDC) or e-rupee is developed with environmentally friendly and socially responsible goals, it could prove to be a better alternative to other cashless methods.

  • The report covers four main areas: the unprecedented scale and pace of climate change, its macroeconomic impact, implications for financial stability, and policy options for mitigating climate risks.
  • To achieve its net zero target by 2070, India would need to reduce the energy intensity of its GDP by about 5% annually and increase the use of renewable energy to around 80% by 2070-71.
  • The report estimates that India’s green financing requirement should be at least 2.5% of GDP annually until 2030.
  • A balanced policy approach that addresses all aspects of the issue can help the country reach its green transition goals by 2030 and eventually achieve its net zero target by 2070.
  • The report emphasises that climate change is a pressing issue and highlights that the 2015-22 period was the warmest on record, according to the World Meteorological Organisation.

4. Who among the following has become the fastest cricketer to score 5,000 in ODI?

  1. Jos Buttler
  2. Virat Kohli
  3. Babar Azam
  4. Kane Williamson
  5. None of these

Show Correct Answers

Correct Answer:  C. Babar Azam

Explanation:  Babar Azam, the captain of the Pakistan cricket team, has set a new record by becoming the fastest player to score 5000 runs in One Day International (ODI) cricket. He achieved this feat in 97 innings, breaking the previous record set by South Africa’s Hashim Amla, who reached the 5000 run mark in 101 innings. Babar accomplished this milestone during the fourth match against New Zealand in Karachi. Prior to Babar, Amla held the record for the fastest 5000 runs in ODI cricket, but the 28-year-old batter broke it by achieving the feat in 97 innings.

Hashim Amla now holds the second position in the list of batters who reached 5000 runs in the fewest innings in One Day International (ODI) cricket. Viv Richards, Virat Kohli, and David Warner follow Amla in the list, having achieved the milestone in 114, 114, and 115 innings respectively. Babar Azam, the Pakistani batter, broke Amla’s record by reaching 5000 runs in just 97 innings. In addition to his latest achievement, Babar has been ranked as the No.1 batter in the International Cricket Council (ICC) ODI rankings for the past two years.

5. ISRO will start an online training programme for PG and final-year UG students. What is the name of the program?

  2. START
  3. AGNI
  5. None of these

Show Correct Answers

Correct Answer:  B. START

Explanation:   The Indian Space Research Organisation (ISRO) has announced a new online training programme for post-graduate and final-year undergraduate students of physical sciences and technology. The programme is called Space Science and Technology Awareness Training (START) and is part of ISRO’s efforts to enable Indian students to become professionals in space science and technology. The START program is aimed at post-graduate and final-year undergraduate students of physical sciences and technology. The programme will cover various domains of space science, including Astronomy & Astrophysics, Heliophysics & Sun-Earth interaction, Instrumentation, and Aeronomy. It will be delivered by scientists from Indian academia and ISRO centres.

6. The Ministry of Housing & Urban Affairs and the Ministry of Railways jointly signed an MoU with ___________for Project SMART.

  1. US International Cooperation Agency
  2. UK International Cooperation Agency
  3. France International Cooperation Agency
  4. Japan International Cooperation Agency
  5. None of these

Show Correct Answers

Correct Answer:  D. Japan International Cooperation Agency

Explanation:  The Ministry of Housing & Urban Affairs (MoHUA) and the Ministry of Railways have signed a memorandum of understanding (MoU) with Japan International Cooperation Agency (JICA) for ‘Station Area Development along Mumbai-Ahmedabad High-Speed Rail’ (Project-SMART). The project aims to develop the areas surrounding the Mumbai – Ahmedabad High-Speed Railway (MAHSR) stations to enhance accessibility and convenience for commuters and promote economic activities in the vicinity of station areas. The MoU is for four high-speed rail stations – Sabarmati, Surat, Virar, and Thane – out of the 12 stations on the route.

To achieve this objective, MoHUA, the governments of Gujarat and Maharashtra, and JICA are organizing a series of seminars and field visits in Delhi, Ahmedabad, and Mumbai. The seminars will bring together officers from the Japan Embassy, JICA HQ and India office, JICA experts, the Ministry of Railways, the National High Speed Rail Corporation Limited, and the Town and Country Planning Organization. These deliberations will contribute to the preparation of ‘Station Area Development Plans’ for Sabarmati, Surat, Virar, and Thane HSR stations and a model handbook that will contain experiences and methodologies adopted in Japan, India, and other countries for Transit Oriented Development (TOD) and Station Area Development.

7. Ancient Tungnath temple will be declared a monument of national importance. It is located in which state?

  1. Punjab
  2. Odisha
  3. Uttarakhand
  4. Himachal Pradesh
  5. None of these

Show Correct Answers

Correct Answer:  C. Uttarakhand

Explanation:  Uttrakhand’s ancient Tungnath temple will be declared a monument of national importance Tungnath Temple is located at an altitude of 12800 feet (3680 meters). It is situated in Rudraprayag district. It is one of the highest Shiva temples in the world and is the highest among Panch Kedar temples and is believed to have belonged to an ancient era almost 1000 years old. The Archaeological Survey of India is trying to declare Tungnath as a national heritage for many years. Tungnath Temple is associated with the Panchkedar temples. It is believed that it was built by Pandvas to appease Lord Shiva.

What are Panch Kedars?

  • Panch Kedar is a group of five sacred shrines of Lord Shiva located in the Garhwal Himalayas, Uttarakhand.
  • The five temples are the Kedarnath Temple at an altitude of 3,583 m (11,755 ft), the Tungnath Temple (3,680 m or 12,070 ft), the Rudranath Temple (3,559 m or 11,677 ft), the Madhyamaheshwar Temple or Madmaheshwar (3,490 m or 11,450 ft) and the Kalpeshwar Temple (2,200 m or 7,200 ft).

8. Russia held the 78th Victory Day parade anniversary on____________, at Red Square in Moscow to celebrate the historic victory of the Soviet Union in 1945?

  1. 7th May
  2. 8th May
  3. 9th May
  4. 10th May
  5. None of these

Show Correct Answers

Correct Answer:  C. 9th May

Explanation:  Russia held the 78th Victory Day parade anniversary on May 9th, at Red Square in Moscow to celebrate the historic victory of the Soviet Union in 1945, when they defeated Nazi Germany in World War II, also known as the Great Patriotic War. This year’s parade featured more than 10,000 individuals and 125 pieces of weaponry, which were all showcased by the Russian Defense Minister, Sergey Shoigu.

  • The anniversary is particularly poignant this year as the country mourns the thousands of soldiers who have lost their lives in the 15-month war in Ukraine, which shows no signs of ending anytime soon.
  • In the face of this tragedy, President Vladimir Putin delivered a speech on May 9th amidst tight security following a series of drone attacks, some of which targeted the Kremlin citadel itself, all of which Moscow has alleged to be the work of Kyiv.

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9. Which of the following body published Foreign Exchange Management report in May,2023?

  1. NITI Aayog
  2. Reserve Bank of India
  3. Export-Import Bank of India
  4. Securities and Exchange Board of India
  5. None of these

Show Correct Answers

Correct Answer:  B. Reserve Bank of India

Explanation: The Reserve Bank of India (RBI) deployed its incremental reserves during the second half of fiscal FY23 in bonds and securities — mostly US Treasuries and debt. The Reserve Bank of India (RBI) has announced that it has deployed its incremental reserves in bonds and securities, with a particular focus on US Treasuries and debt issued by other top-rated sovereigns. RBI’s total foreign currency assets stood at $509.69 billion, with $411.65 billion invested in securities. US Treasuries and other sovereign securities are considered among the safest and most stable investments in the world.

The RBI’s decision to invest its incremental reserves in US Treasuries and other sovereign securities is expected to have a positive impact on the Indian economy. Ensuring the stability of its foreign currency reserves, the RBI can help to mitigate the impact of external shocks and maintain a stable exchange rate. The investments in US Treasuries and other sovereign securities are likely to generate a steady stream of income for the RBI, which can be used to support various development projects and initiatives in India.

10. Recently, India has extended a credit line of 1 billion dollars by one year to which of the following countries?

  1. Bhutan
  2. Nepal
  3. Sri Lanka
  4. Bangladesh
  5. None of these

Show Correct Answers

Correct Answer:  C. Sri Lanka

Explanation:  India has extended a $1 billion credit line for Sri Lanka by one year, a Sri Lankan official told Reuters on Tuesday, giving the crisis-hit country a backup infusion of dollars for essential imports. The credit line, part of about $4 billion in emergency assistance extended by India during the peak of Sri Lanka’s financial crisis early last year, was scheduled to end in March. Post-negotiations, the credit line was extended until March 2024, said Sri Lanka’s Deputy Treasury Secretary Priyantha Rathnayake. “There is about $350 million left of the credit line that can be utilised as needed,” he told Reuters.


11. Recently, ___________ collaborated with Microsoft to make travel accessible by introducing voice-assisted booking in Indian languages.

  1. OYO
  2. Goibibo
  3. Just Dail
  4. MakeMyTrip
  5. None of these

Show Correct Answers

Correct Answer:  D. MakeMyTrip

Explanation:  MakeMyTrip, leading travel portal announced a collaboration with Microsoft to bring travel planning to a wider audience through the introduction of voice-assisted booking in Indian languages. The new technology stack incorporates Microsoft Azure OpenAI Service and Azure Cognitive Services to enable personalised travel recommendations for users based on their preferences.

  • This includes the curation of holiday packages based on a range of variables such as occasion, budget, activity preferences, time of travel, and hotel reviews.
  • MakeMyTrip expressed pride in breaking down barriers to travel planning, such as language, literacy, and physical impairments through their latest offering.
  • The service is currently available in beta versions of English and Hindi for flights and holidays customers, with the next stage set to introduce voice-assisted booking for other transport offerings.
  •  The company collaborated with Europamundo on May 1st, a distinguished tourist industry player, to make their worldwide holiday packages available online in India.
  • According to the announcement, this partnership will add more than 600 fresh travel itineraries to MakeMyTrip’s current collection, which includes nearly 5,000 vacation packages.
  • The corporation aims to increase its franchise presence by more than 50% by 2023, allowing it to expand its influence into smaller towns and cities throughout India.

12. Who among the following winner of the 2023 Pulitzer Prize for fiction?

  1. Hernan Diaz
  2. Barbara Kingsolver
  3. Sanaz Toossi
  4. Both A & B
  5. All of the above

Show Correct Answers

Correct Answer:  D. Both A & B

Explanation:  Barbara Kingsolver and Hernan Diaz share fiction Pulitzer Prize 2023. The Pulitzer Prize for fiction was awarded to two class-conscious novels: “Demon Copperhead,” Barbara Kingsolver’s modern recasting of the Dickens classic “David Copperfield,” and Hernan Diaz’s “Trust,” an innovative narrative of wealth and deceit set in 1920s New York. It’s the first time the Pulitzers have awarded two fiction books in the category’s 105-year history. “Trust” won the Kirkus Prize for fiction, was on the long list for the Booker Prize and was named by The New York Times and The Washington Post as one of the year’s best books. Beverly Gage’s “G-Man,” was given the Pulitzer for biography. “His Name Is George Floyd: One Man’s Life and the Struggle for Racial Justice,” by Robert Samuels and Toluse Olorunnipa, won for general nonfiction.

13. What is the theme of the Annual Investment Meeting held in UAE in May 2023?

  1. Learn First Safety, increase productivity
  2. Be Vigilant, Do Regular Liver Check-Up, Fatty Liver Can Affect Anyone
  3. Responding to Contemporary Challenges from Philosophy to Practice
  4. The Investment Paradigm Shift: Future Investment Opportunities to Foster Sustainable Economic Growth, Diversity, and Prosperity
  5. None of these

Show Correct Answers

Correct Answer:  D. The Investment Paradigm Shift: Future Investment Opportunities to Foster Sustainable Economic Growth, Diversity, and Prosperity

Explanation:  The correct answer” The Investment Paradigm Shift: Future Investment Opportunities to Foster Sustainable Economic Growth, Diversity, and Prosperity”. Annual Investment Meeting starts is held in UAE in May 2023.  AIM is one of the largest investment gatherings in the world, bringing together top officials, investors, and business delegations from different countries to meet, discuss, and forge strategic partnerships in Abu Dhabi. Held in collaboration with the Ministry of Industry and Advanced Technology and the Abu Dhabi Department of Economic Development. 022 Foreign Direct Investment report released by the United Nations Conference on Trade and Development, which ranked the UAE first regionally and 19th globally in terms of its ability to attract foreign direct investment.

The report also ranked the UAE 17th globally in terms of its foreign investments, with investment flows from the UAE reaching $22.5 billion in 2021, an increase of 19% compared to 2020. On the sidelines was the “2023 Entrepreneurs Investment Summit” held under the sponsorship of the League of Arab States, and organised by the Union of Arab Chambers, the Arab Bank for Economic Development in Africa, and the United Nations Industrial Development Organisation Investment and Technology Promotion Office – Bahrain. The summit provided a platform dedicated to promoting bankable investment opportunities led by entrepreneurs, small and medium-sized enterprises, and macro investments from the region, among other objectives.

14. Who among the following has been appointed as the administrator of the Basketball Federation of India?

  1. Aravinda Kumar
  2. Justice P Krishna Bhat
  3. Justice Adarsh Kumar Goel
  4. Rajyavardhan Singh Rathore
  5. None of these

Show Correct Answers

Correct Answer:  B. Justice P Krishna Bhat           

Explanation:  Former judge of the Karnataka High Court, P Krishna Bhat, has been appointed by the Delhi High Court as the administrator of the Basketball Federation of India (BFI) to conduct elections in the organization. The appointment is effective immediately, and the administrator will continue to function until a newly-elected body takes charge of BFI. The court has instructed the administrator to ensure that the election process is concluded as soon as possible according to the Sports Code. This decision was made in response to several petitions regarding the election of office bearers and executive committee members for the term 2023-2027.

The Delhi High Court emphasized that elections for national sports federations must be conducted democratically, with clear, fair, and transparent rules. In this particular case, the rejection of nomination forms would result in the exclusion of a large number of state representatives from participating, which is unacceptable. Out of 30 nomination forms, 15 were rejected for this reason, and five candidates withdrew their nominations, leaving no contest for electing office-bearers of the Basketball Federation of India (BFI). Additionally, 27 members of the electoral college have expressed dissatisfaction with the selection process of candidates.

15. Recently, Who among the following has been appointed as the Domestic Policy Advisor of US President, Joe Biden?

  1. Nisha Gulati
  2. Susan Rice
  3. Neera Tanden
  4. Zayn Siddique
  5. None of these

Show Correct Answers

Correct Answer:  C. Neera Tanden

Explanation:  Indian-American public policy expert Neera Tanden has been named by US President Joe Biden as his Domestic Policy Advisor to help him craft and implement his domestic policy agenda, making her the first Asian-American to lead any of the three major White House policy councils in history. Tanden, 52, replaces Susan Rice as Biden’s Domestic Policy Advisor. She has 25 years of experience in public policy, has served three Presidents, and led one of the largest think tanks in the country for nearly a decade.

Tanden, a Democrat, currently serves as Senior Advisor to President Biden and Staff Secretary. She served in both the Obama and Clinton administrations, as well as presidential campaigns and think tanks. Tanden previously served as senior advisor for health reform at the Department of Health and Human Services, working on President Obama’s health reform team in the White House. Prior to that, she was the director of domestic policy for the Obama-Biden presidential campaign and served as policy director for the Hillary Clinton presidential campaign.

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