Current Affairs quiz 2022, Daily gk updates and Current affairs is playing a major role in any competitive exam. so here we are providing the current affairs quiz on daily basis for Bank, SSC, Railway and Other Government Competitive Examinations.
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Q.1. Prime Minister Narendra Modi has launched 2nd Generation (2G) Ethanol Plant in which state?
Exp. PM Modi dedicated 2nd Generation Ethanol Plant in Panipat
Prime Minister Narendra Modi has launched 2nd Generation (2G) Ethanol Plant at Panipat in Haryana.
It has been built at an estimated cost of over Rs 900 crore by the Indian Oil Corporation Limited.
2G Ethanol Plant in Panipat will help boost production and usage of biofuels in the country and it will also help in reducing pollution in the Haryana & Delhi.
It will generate around 3 crore litres of Ethanol per annum.
Ethanol blending in petrol in the country increased to around 8 per cent in last 7 to 8 years. Mr. Modi said that country saved at least 50 thousand crore rupees following the introduction of Ethanol blending process and the amount diverted to the farmers.
About Haryana
Capital – Chandigarh
Chief Minister – Manohar Lal Khattar
Governor – Bandaru Dattatreya
Q.2. Recently Russia has launched an Iranian satellite into orbit from southern Kazakhstan. What is the name of this Iranian satellite?
Exp. SBI formalized policy to finance makers of lab-grown diamonds
State of Bank of India (SBI) is the first Indian lender to frame a policy to fund makers of lab-grown diamonds which come across as replicas of the natural stones.
The bank’s operational guidelines for financing man-made diamond houses include the standard prudential practices like treating non-fund limits at part with funded limits.
Lab grown diamonds are the replicas of natural stones.
About State Bank of India (SBI)
Founded – 1 July 1955
Headquarters – Mumbai, Maharashtra
Chairman – Dinesh Kumar Khara
Managing Director – (4) Alok Kumar Choudhary, Swaminathan Janakiraman, Challa Sreenivasulu Setty, and Ashwini Kumar Tewari
Imperial Bank of India was previous name of SBI.
The presidency Banks of Bengal, Bombay and Madras with merged in 1921 to Imperial Bank of India.
Tagline – (1) Pure Banking Nothing Else
(2) With you all the way
(3) A bank of the common man
(4) The banker to every Indian
(5) The Nation banks on us
Q.4. Which bank has partnered with M1xchange promoted by Mynd Solutions Pvt Ltd to make a debut in the Trade receivables Discounting System (TReDs) platform?
ट्रेडरिसीवेबल्सडिस्काउंटिंगसिस्टम (TReDs) प्लेटफॉर्ममेंशुरुआतकरनेकेलिए Mynd Solutions Pvt Ltd द्वाराप्रवर्तित M1xchange केसाथकिसबैंकनेभागीदारीकीहै?
(a) Federal Bank / फेडरल बैंक
(b) Axis Bank / एक्सिस बैंक
(c) Indusind Bank / इंडसइंड बैंक
(d) HDFC Bank / एचडीएफसी बैंक
(e) Bandhan Bank / बंधन बैंक
Answer & Explanation
Ans.4.(d)
Exp. HDFC Bank partnered with M1xchange for Trade receivables Discounting System (TReDs)
HDFC Bank has partnered with Mixchange promoted by Mynd Solutions Pvt Ltd to make a debut in the Trade receivables Discounting System (TReDs) platform.
TReDS system regulated by RBI enables MSMEs to auction their trade receivables online and borrow funds from the financial institution which offers loan at the lowest rate of interest.
The collaboration between HDFC Bank and M1xchange is another significant step forward in the provision of financing to MSME and micro category businesses.
This partnership is expected to bring in more liquidity and enhance adoption of TReDS among a wider number of corporate customers and MSMEs.
About HDFC Bank
Founded – 1994
Founder – Hasmukhbhai Parekh
Headquarters – Mumbai, Maharashtra
MD & CEO – Sashidhar Jagdishan
Tagline – We understand your world
Recent MoUs
Indian Bank signed an MoU with SRM University-AP for starts up
Indian Army signed an MoU with DFI to accelerate drone technology for frontline soldiers
Andhra Pradesh govt signed an MoU with NISG for integrated land management system
National Institute for Entrepreneurship and Small Business Development (NIESBUD) partnered with Hindustan Unilever Limited to develop entrepreneurial skills
IOC signed an MoU with National Tiger Conservation Authority (NTCA) for Cheetah relocation from Africa to India
Q.5. Which company has invested Rs 1,59,299.46 crore in Exchange Traded Funds (ETFs) till March 2022?
मार्च 2022 तककिसकंपनीनेएक्सचेंजट्रेडेडफंड (ETF) में 1,59,299.46 करोड़रुपयेकानिवेशकियाहै?
(a) LIC / एलआईसी
(b) ESIC / ईएसआईसी
(c) EPFO / ईपीएफओ
(d) GIC / जीआईसी
(e) NIACL / एनआईएसीएल
Answer & Explanation
Ans.5.(c)
Exp. EPFOs’ Rs 1.59 lakh crore investment in ETFs rises to Rs 2.26 lakh crore
EPFO has invested Rs 1,59,299.46 crore in Exchange Traded Funds (ETFs) till March 2022 and its national market value of these investments was Rs 2,26,919.18 crore.
EPFO has been investing in ETFs since August 2015. Initially, the body decided to invest 5% of its investible deposits in stock markets.
Later, the proportion was increased to 10% in 2016-17 and 15% 2017-18 and onwards.
The EPFO invested Rs 12,199.26 crore in ETFs in April-June period this year while the total investment (in debt and equity) was Rs 84,477.67 crore.
The body had invested Rs 43,568.02 crore in 2021-22, Rs 32,070.84 crore in 2020-21 and Rs 31,501.09 crore in 2019-20 in ETFs.
The EPFO invests 85% of the funds in debt instruments and 15% in ETFs, as per the investment pattern notified by the government.
About Employees’ Provident Fund Organization (EPFO)
Founded – 1952
Headquarters – New Delhi
EPFO is the statutory body under the ownership of Ministry of Labour and Employment
Q.6. Which of the following bank has partnered with LetsVenture technologies to explore synergies and support the startup ecosystem by offering curated products and solutions to startups, founders and investors?
Exp. IDFC FIRST Bank partnered with LetsVenture to support startups
IDFC FIRST Bank has partnered with LetsVenture technologies to explore synergies and support the startup ecosystem by offering curated products and solutions to startups, founders and investors.
IDFC FIRST Bank offers customized solutions to startUps under its FIRST WINGS program, dedicated to powering the startup ecosystem.
With this, it makes IDFC FIRST Bank a preferred banker to all startups on LetsVenture’s Scalix.
LetsVenture’s Scalix is a newly launched platform that supports the startUp ecosystem.
IDFC FIRST CEO – V. Vaidyanathan
Recent MoUs
SVC Bank signed an agreement with SIDBI for empowering MSMEs
Airbus signed an agreement with GMR Group for aircraft maintenance engineering
Blockchain network 5ire signed an MoU with Goa Police to implement a smart policing solution
IISc Bengaluru signed an MoU with Indian Navy for collaborative aviation research
Reliance, Ola and Rajesh Exports signed an agreement for battery manufacturing
Q.7. Recently RBI canceled the license of Rupee Co-operative Bank Ltd. Where is the headquarter of the bank located?
Exp. RBI canceled the license of Rupee Co-operative Bank, Pune
RBI has canceled the license of Rupee Co-operative Bank Ltd, Pune will be effective after six weeks (September 22, 2022).
Reason- The bank is unable to pay its present depositors in full (Capital inadequacy).
It does not comply with the provisions of Section 11(1) and Section 22 (3) (d) with Section 56 of the Banking Regulation Act, 1949.
The bank has also prohibited from conducting the business of ‘banking’ which includes, acceptance and repayment of deposits.
On liquidation, every depositor would be entitled to receive deposit insurance claim amount of his/her deposits up to a monetary ceiling of ₹5,00,000 from Deposit Insurance and Credit Guarantee Corporation (DICGC) subject to the provisions of DICGC Act, 1961
Banks whose License got cancelled By RBI recently
Karnala Nagari Sahakari Bank, Panvel in Maharashtra.
Goa-based Madgaum Urban Cooperative Ban
Dr Shivajirao Patil Nilangekar Urban Co-operative Bank Ltd, Nilanga, Latur
Sarjeraodada Naik Shirala Sahakari Bank, Sangli, Maharashtra
People’s Co-operative Bank Ltd Kanpur, Uttar Pradesh
The Mudhol Co-operative Bank Limited, Bagalkot, Karnataka
About Reserve Bank of India (RBI)
Founded – 1 April 1935
RBI Nationalized – 1 January 1949
Headquarters – Mumbai, Maharashtra
RBI set up – Hilton Young Commission
1st Governor – Sir Osborne Smith (Australia)
1st Indian Governor – CD Deshmukh
25th Governor – Shaktikanta Das
RBI Deputy Governor (4) – 1. Tavarna Rabi Sankar
Mukesh Kumar Jain
Michael D Patra
M Rajeshwar Rao
Five Subsidiaries of RBI
Deposit Insurance and Credit Guarantee Corporation of India (DICGC)
Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL)
Reserve Bank Information Technology Private Limited (ReBIT)
Indian Financial Technology and Allied Services (IFTAS)
Reserve Bank Innovation Hub
Q.8. Paytm has partnered with which of the following finance company to further expand its merchant loan business to small towns and villages of India?
(a) Tata Capital Financial Services Ltd / टाटा कैपिटल फाइनेंशियल सर्विसेज लिमिटेड
(b) Aditya Birla Finance Ltd / आदित्य बिड़ला फाइनेंस लिमिटेड
(c) Muthoot Finance Ltd / मुथूट फाइनेंस लिमिटेड
(d) Piramal Capital and Housing Finance / पिरामल कैपिटल एंड हाउसिंग फाइनेंस
(e) L & T Finance Limited. / एल एंड टी फाइनेंस लिमिटेड।
Answer & Explanation
Ans.8.(d)
Exp. Paytm partnered with Piramal Finance to offer loans
One 97 Communications the parent entity of digital payments firm Paytm has partnered with Piramal Capital and Housing Finance to further expand its merchant loan business to small towns and villages of India.
With this, merchants can avail loans of up to Rs 10 lakh with a tenure of 6-24 months.
This partnership will expand Paytm’s loan distribution business, supported by Piramal Finance’s wide network of over 300 branches across India. It will also help drive financial inclusion by bringing access to credit to small businesses and retailers.
It will also empower MSMEs from smaller cities and towns with access to digital credit.
Piramal Capital & Housing Finance is a subsidiary of Piramal Enterprises Limited.
Chairman of Paytm Payments Bank: Vijay Shekhar Sharma
Recent agreements
Reliance, Ola and Rajesh Exports signed an agreement for battery manufacturing
Andaman Nicobar Command signed an MoU with AAI to boost inter-island connectivity under Udaan Scheme in Port Blair.
ReNew signed an MoU with Egypt government to set up green hydrogen plant in Egypt
Indian and Malaysian bodies signed an MoU to promote palm oil
Rajasthan signed an MoU with Telangana to set up women’s bank
Q.9. James Marape has taken charge as the prime minister of which country?
(b) Indian Council of Agricultural Research / भारतीय कृषि अनुसंधान परिषद /
(c) Zoological Survey of India / भारतीय प्राणी सर्वेक्षण /
(d) Central Pollution Control Board / केंद्रीय प्रदूषण नियंत्रण बोर्ड /
(e) The Indian Bird Conservation Network / भारतीय पक्षी संरक्षण नेटवर्क
Answer & Explanation
Ans.10.(c)
Exp. ZSI published new book titled ‘Field Guide, Birds of India’
The Zoological Survey of India (ZSI) has published a book titled ‘Field Guide, Birds of India’.
The new book on over 1,000 bird species.
It deals with 1,331 avian species found in the country.
It highlights quality photographs of birds unlike other books that mainly used drawings.
About Zoological Survey of India (ZSI)
Founded – 1 July 1916
Headquarters – Kolkata, West Bengal
Director – Dhriti Banerjee
Under the Ministry of Environment, Forest and Climate Change
Recent Books
Dilip Kumar: In the Shadow of a Legend – Faisal Farooqui
Beyond The Misty Veil, Temple Tales of Uttarakhand’ book released – Aradhana Johri
The McMahon line- A century of discord – former Chief of Army Staff General JJ Singh (Retd).
The Winning Formula for Success – Vinit Karnik
Fearless Governance – Dr Kiran Bedi
Bhartiya Samvidhan Ankani Kahani – Ram Bahadur Rai
The Life and Times of Georeg Fernandes – Rahul Ramgundan
The Struggle for Police Reforms in India- Ruler’s Police to People’s Police – Prakash Singh
A Place Called Home – Preeti Shenoy
Tomb of Sand – Geetanjali Shree
Listen to Your Heart- The London Adventure – Ruskin Bond
Shuttling to the Top- The Story of P.V. Sindhu – V. Krishnaswamy
Leaders, Politicians, Citizens – Rasheed Kidwa
Q.11. World Lion Day is observed annually on which day?
विश्वशेरदिवसप्रतिवर्षकिसदिनमनायाजाताहै?
(a) 7 August / 7 अगस्त
(b) 8 August / 8 अगस्त
(c) 10 August / 10 अगस्त
(d) 11 August / 11 अगस्त
(e) 12 August / 12 अगस्त
Answer & Explanation
Ans.11.(c)
Exp. 10 August – World Lion Day
World Lion Day is observed globally on 10 August.
Objective – To spread awareness of lions and the urgent need to strive toward their conservation.
Lions are silently in danger of going extinct worldwide. Lions supposedly wandered amiably through Africa, Asia, Europe, and the Middle East some three million years ago.
Over the course of five decades, the global lion population has decreased by about 95%, necessitating a need to work towards its conservation, which World Lion Day emphasises on.
In 2013, the first World Lion Day was observed. Dereck and Beverly Joubert, from the Big Cat Initiative and National Geographic, founded it. Their objective was to safeguard lions in their natural environment.
Lions are in the endangered species category on the IUCN (International Union for Conservation of Nature) Red List.
Q.12. International Youth Day is observed globally on which day?
International Youth Day is observed globally on 12th August every year.
Objective – To draw attention to the issues surrounding youth
The UN General Assembly started working hard in 1965 to have an impact on young people. They supported the Declaration on Promoting the Values of Peace, mutual respect, and understanding among people.
Theme – Intergenerational Solidarity: Creating a World for All Ages