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. Which organization has signed an MoU with Damodar Valley Corporation (DVC) to explore the formation of a Joint Venture Company (JVC) for exploring and setting up hydropower and pump storage projects?
Exp. NHPC signed an MoU with DVC for setting up hydropower projects and pump storage projects
NHPC has signed an MoU with Damodar Valley Corporation (DVC) to explore the formation of a Joint Venture Company (JVC) for exploring and setting up hydropower and pump storage projects.
It is in line with the national objective of energy transition i.e., 500 GW of renewable energy by 2030 and Net Zero by 2070.
NHPC has an installed capacity of 7071.2 MW from 24 power stations, including two projects in joint venture mode, as per its web portal. Its plants generated 24,855 million units of power in 2021-2022.
Recent MoUs
India and Maldives signed an MoU for judicial cooperation to accelerate court digitization.
India signed an MoU with Namibia for wildlife conservation
JSW Steel partnered with BCG to accelerate decarbonization journey
Telangana government partnered with UNDP for Data in Climate Resilient Agriculture (DiCRA)
NASSCOM partnered with Google for DigiVaani Call Center
Q.2. As per a study conducted by NITI Aayog and Institute for Competitiveness, R&D investment in India has declined from 0.8% of the GDP in 2008-09 to _____ % in 2017-18.
नीतिआयोगऔरप्रतिस्पर्धात्मकतासंस्थानद्वाराकिएगएएकअध्ययनकेअनुसार, भारतमेंअनुसंधानएवंविकासनिवेश 2008-09 मेंसकलघरेलूउत्पादके 0.8% सेगिरकर 2017-18 में _____% होगयाहै।
(a) 0.5
(b) 0.6
(c) 0.7
(d) 0.4
(e) 0.9
Answer & Explanation
Ans.2.(c)
Exp. India’s R&D spends amongst the lowest in the world: NITI Aayog study
India’s spending on research and development (R&D) is among the lowest in the world, as per a study conducted by NITI Aayog and Institute for Competitiveness.
R&D investment in India, in fact, has declined from 0.8% of the GDP in 2008-09 to 0.7% in 2017-18.
Brazil, Russia, China and South Africa spend around 1.2%, 1.1%, above 2% and 0.8% respectively. The world average is around 1.8%.
The India Innovation Index 2021 has found that the overall spending on R&D by India has been relatively low across the country. This was reflected in the overall share of gross expenditure on R&D (GERD) as a percentage of GDP, at about 0.7%.
Developed countries the United States, Sweden, and Switzerland spend about 2.9%, 3.2% and 3.4%, respectively. Israel spends 4.5% of its GDP on R&D, the highest in the world.
NITI Aayog (National Institution for Transforming India)
Founded – 1st January 2015
Preceding – Planning Commission (15th March 1950)
Headquarters – New Delhi
Chairperson – Narendra Modi
Vice Chairperson – Suman K Bery
CEO – Parameswaran Iyer
NITI Aayog comes under the Ministry of Commerce and Industry
Q.3. Which of the following has released its report titled ‘Digital Banks: A Proposal for Licensing & Regulatory Regime for India’?
(c) Bureau of Indian Standards / भारतीय मानक ब्यूरो
(d) NITI Aayog / नीति आयोग
(e) NASSCOM / नैसकॉम
Answer & Explanation
Ans.3.(d)
Exp. NITI Aayog released report titled ‘Digital Banks’
Government think tank NITI Aayog has made a case and offered a template and roadmap for a licensing and regulatory regime for digital banks that focuses on avoiding any regulatory or policy arbitrage and offers a level playing field to incumbents as well as competitors.
NITI Aayog has released its report titled ‘Digital Banks: A Proposal for Licensing & Regulatory Regime for India.
In it, it has made a case and offers a template and roadmap for a digital bank licensing and regulatory regime for the country.
The report also maps prevalent business models in this domain. It highlights the challenges presented by the ‘partnership model’ of neo-banking–which has emerged in India due to a regulatory vacuum and in the absence of a digital bank license.
The report suggested the introduction of a restricted Digital Business bank licence and a restricted Digital Consumer Bank license.
Q.4. Which state has topped in the Third Edition of NITI Aayog’s India Innovation Index?
Exp. NITI Aayog released 3rd edition of India Innovation Index
The third edition of the India Innovation Index has released by Suman Bery by Vice-Chairman of NITI Aayog.
The index evaluates and ranks the states and union territories on their innovation performance.
The government agency has expanded the indicators to 66 from 36 in last edition, with a focus on uniqueness.
The states and the union territories have been divided into 17 major states, 10 North-East and Hill States, and 9 union territories to effectively compare their performance.
Karnataka, Manipur and Chandigarh have topped in their respective categories in the Third Edition of NITI Aayog’s India Innovation Index.
Karnataka has topped again in the Major States category, Manipur is leading the North East and Hill States category and Chandigarh is the top performer in the Union Territories and City States Category.
Recent Ranking 2022
World Press Freedom Index 2022: India ranked 150th; Norway topped
UNCTAD’s World Investment Report: India ranked 7th among recipients of FDI in CY 2021; US topped
Global Environmental Performance Index 2022:180th; Denmark topped
IMD’s World Competitiveness Index 2022:37th; Denmark topped
Expat Insider Rankings for 2022:India ranks 36th topped by Mexico
Q.5. Which state has become the 1st India’s state to connect all registered commercial vehicles equipped with VLTD with ERSS?
Exp. Himachal Pradesh becomes the 1st Indian state to connect all registered commercial vehicles equipped with VLTD with ERSS
Himachal Pradesh has become the first state in the country to connect all registered commercial vehicles equipped with Vehicle Location Tracking Device (VLTD) with Emergency Response Support System (ERSS). These vehicles can be tracked anywhere in India through VLTD.
Chief Minister Jai Ram Thakur formally inaugurated the system at a program organized at Peterhof, in Shimla.
He also introduced the facility of panic button for the safety of women and children in public vehicles.
The Vehicle Location Tracking Device with Emergency Panic Button System and Command Control Center has been connected with Emergency Response Support System 112. When the panic button is pressed, a signal would be received through satellite to 112 and the person in distress would be connected and alert the police.
About Himachal Pradesh
Capital – Shimla (Summer), Dharamshala (Winter)
Chief Minister – Jai Ram Thakur
Governor – Rajendra Vishwanath Arlekar
Q.6. Which country has signed an MoU with India for judicial cooperation to accelerate court digitization?
Exp. India signed an MoU with Maldives for Judicial cooperation
India and Maldives have signed an MoU for judicial cooperation to accelerate court digitization.
This is the eighth MoU for judicial cooperation.
The MoU will provide a platform to tap benefits of information technology for court digitization and can be a potential growth area for IT companies and startups in both the countries.
In recent years, the close relationship between India and Maldives has intensified multi-dimensionally. The signing of this agreement will deepen these ties.
It will not only enable exchange of knowledge and technology in judicial and other legal areas between the two countries but will also further objectives of ‘Neighbourhood-First’ policy.
Recent MoUs
RIL partnered with Athletics Federation of India to support Indian Athlete
Vedanta partners with IIT Madras incubated startup
SBICAP Ventures Ltd (SVL) signed an MoU with MEA for Trilateral Development Cooperation Fund
HAL signed an agreement with Safran to build helicopter engines
Health Ministry and Panchayati Raj Ministry signed an MoU to eliminate TB
Q.7. Which bank has launched a co-branded credit card with EaseMyTrip to offer exclusive travel benefits with instant discount and rewards points to card members?
(d) Standard Chartered Bank / स्टैंडर्ड चार्टर्ड बैंक
(e) DBS Bank / डीबीएस बैंक
Answer & Explanation
Ans.7.(d)
Exp. Standard Chartered Bank & EaseMyTrip launched co-branded credit card
Standard Chartered Bank has launched a co-branded credit card with EaseMyTrip to offer exclusive travel benefits with instant discounts and reward points to cardmembers.
This credit card offers flat 20% instant discount on domestic & international hotel bookings, flat 10% on domestic & international flight bookings on EaseMyTrip.
Cardholders can earn accelerated reward points on flight, hotel bookings at standalone airlines and hotel websites and apps. Reward points earned can be redeemed on the rewards catalogue of Standard Chartered Bank, across multiple brands including EaseMyTrip.
Q.8. The Asian Development Bank (ADB) has slashed growth forecast for India to _____ % for FY23 from 7.5% estimated earlier citing higher than anticipated inflation since April.
Exp. ADB cuts India’s GDP growth forecast to 7.2% from 7.5% for FY23
The Asian Development Bank has cut its economic growth forecast for India to 7.2% for 2022-23 from 7.5% estimated in April because of higher-than-expected inflation and monetary tightening.
It also lowered the GDP growth estimate for 2023-24 to 7.8% from the 8% estimated earlier.
Raised the inflation forecast for India to 6.7% for FY23 from the 5.8 % estimated earlier.
Private investment would soften due to the higher cost of borrowing for firms as the RBI continues to raise policy rates to contain inflation.
The RBI’s monetary policy committee hiked the repo rate by 90 basis points in two consecutive months, May (an off-cycle policy review) and June, raising the repo rate to 4.9%.
Updated GDP List
World Bank – 7.5% (FY23), 7.1%(FY24)
MOODY’S. – 8.8% (FY23)
S&P – 7.3% (FY23)
IMF – 8.2% (FY23)
ADB – 7.2% (FY23), 7.8%(FY24)
RBI – 7.2% (FY23)
FITCH RATING – 7.8.% (FY23)
FICCI – 7.4% (FY23)
OECD – 6.9% (FY23), 6.2% (FY24)
CRISIL – 7.3% (FY23)
NSO – 8.7%. Q4 – 4.1% (FY23)
SBI Ecowrap – 7.5% (FY23)
Morgan Stanley – 7.2% (FY23), 6.4%(FY24)
Q.9. Tata Projects Ltd has appointed whom as its Managing Director?
Exp. Vinayak Pai appointed as Managing Director of Tata Projects
TATA Projects Limited has appointed Vinayak Pai as its Managing Director.
Vinayak Pai has taken over the reins from Vinayak Deshpande.
Pai is backed by over three decades of experience with leading engineering and EPC companies where he held key positions across various teams working towards Engineering Design, Technology Licensing, Project Management, Business Development, and Operations.
TATA Projects is one of the fastest growing and most admired infrastructure companies in India. It has expertise in executing large and complex urban and industrial infrastructure projects.
The company provides turnkey end-to-end solutions to set up fully integrated rail and metro lines, commercial buildings and townships, data centres and airports, power generation plants, power transmission and distribution systems, oil and gas refineries, chemical process plants, water and wastewater management solutions, complete mining and metal purification systems.
It is currently executing some of the most marquee projects across India such as the New Parliament Building, Jewar Airport, and Refinery Units at Barmer, Mumbai Trans-Harbour Link, Multiple Stretches of Dedicated Freight Corridors, and Metro Rail Lines across multiple cities such as Mumbai, Pune, Delhi, Lucknow, Ahmedabad and Chennai.
Recent Appointment
Managing Director of ONGC Videsh Limited – Rajarshi Gupta
Member of UPSC – Lt. Gen. Raj Shukla
MD of RattanIndia Power – Brijesh Gupta
Director (Technical) of REC – VK Singh
MD & CEO of NSE – Ashish Kumar Chauhan
Non-independent non-executive director of IndiGo – M Damodaran
Q.10. The central government has appointed whom as a Whole time Member of the Insolvency and Bankruptcy Board of India (IBBI) for five years?
Exp. Jayanti Prasad appointed as Whole time Member of IBBI
The central government has appointed Jayanti Prasad as a Whole time Member of the Insolvency and Bankruptcy Board of India (IBBI) for five years.
He has been appointed for a period of five years from the date of assumption of charge of the post i.e. with effect from the 5th July, 2022 or up to the age of sixty-five years.
Prasad is a 1986 batch Indian Audit & Accounts Service Officer. He had superannuated as Deputy Comptroller & Auditor General (Human Resources and International Relations). Before joining IBBI on July 5, he had accomplished 35 years of experience in the civil services, and national and international assignments, having held key positions in the office of the Comptroller and Auditor General of India and the United Nations.
About Insolvency and Bankruptcy Board of India (IBBI)
Founded- 1 October 2016
Headquarters- New Delhi
Chairperson– Ravi Mittal
Under – Ministry of Corporate Affairs
Recent Appointment
Deputy election commissioner – R K Gupta
President of International Fund for Agricultural Development (IFAD) – Alvaro Lario
Director General of Federation of Indian Fantasy Sports (FIFS) – Joy Bhattacharjya
India’s next Ambassador to Bhutan – Sudhakar Dalela
NaBFID Managing Director – G Rajkiran Rai (recommend)
Additional charge as NIACL CMD – Madhulika Bhaskar
Q.11. Which statement is not correct about President of India Droupadi Murmu?
(i) Droupadi Murmu has elected the 15th President of India. / द्रौपदी मुर्मू भारत की 15वीं राष्ट्रपति चुनी गई हैं।
(ii) Droupadi Murmu has secured 66% of the votes and her opposition Candidate Yashwant Sinha has got 34%. / द्रौपदी मुर्मू को 66% वोट मिले हैं और उनके विपक्षी उम्मीदवार यशवंत सिन्हा को 34% वोट मिले हैं।
(iii) Droupadi Murmu served as Governor of Jharkhand from 2014 to 2019. / द्रौपदी मुर्मू ने 2014 से 2019 तक झारखंड की राज्यपाल के रूप में कार्य किया।
(iv) Droupadi Murmu was born in Ranchi district of Jharkhand. / द्रौपदी मुर्मू का जन्म झारखंड के रांची जिले में हुआ था।
(a) Only i & ii
(b) Only ii & iii
(c) Only iii & iv
(d) Only i, ii & iii
(e) Only ii, iii & iv
Answer & Explanation
Ans.11.(e)
Exp. Droupadi Murmu elected as the 15th President of India
Former Jharkhand Governor and National Democratic Alliance (NDA) candidate Droupadi Murmu has elected the 15th President of India.
With this victory, Murmu, 64, became the first person from the tribal community to occupy the Rashtrapati Bhavan and only the second woman after Pratibha Patil to be appointed to the country’s top constitutional post.
Droupadi Murmu has been elected as the 15th President of India, after securing 64% of the votes, her opposition Candidate Yashwant Sinha has got 36%.
CJI, N V Ramana will administer the oath of office to Droupadi Murmu.
She was born in Mayurbhanj district of Odisha.
She served as Governor of Jharkhand from 2015 to 2021.
Additional Information
The Indian President is elected through an electoral college system. Wherein the votes are cast by national and State-level lawmakers.
The elections are conducted and overseen by the Election Commission (EC) of India.
The electoral college is made up of all the elected members of the Upper and Lower Houses of Parliament (Rajya Sabha and Lok Sabha MPs), and the elected Members of the Legislative Assemblies of States and Union Territories (MLAs).
Related Constitutional Provisions-
Article 54: Election of President
Article 55: Manner of election of President
Article 56: Term of office of President
Article 57: Eligibility for re-election
Article 58: Qualifications for election as President
Here are 10 things to know about the President of India’s salary, perks and retirement benefits –
The salary of the Indian president is ₹5 lakh per month. It was raised in 2016 by 200% from ₹1.5 lakh.
Once a president retires, he or she gets a pension of ₹1.5 lakh. The spouses of presidents get secretarial assistance of ₹30,000 per month.
The president gets free housing and medical care and ₹1 lakh annually for office expenditures.
Rashtrapati Bhavan is the official residence of the President of India. It has 340 rooms and a floor area of 2,00,000 square feet.
The president has two official retreats where he or she can go on vacation. One is in Shimla’s Mashobra the other is in Hyderabad’s Bolarum.
The president gets to travel free by train and plane anywhere in the world.
The president gets a custom-built Black Mercedes Benz S600 (W221) Pullman Guard. A heavily armoured stretch limousine is also reserved for the president’s official visits.
The details of the President of India’s cars are never revealed because of security reasons. Also, these cars do not have a license plate and instead display the national symbol.
The President’s Bodyguard is responsible for the security of the President of India.
Apart from the pension, there are some other post-retirement benefits for the President of India, including one furnished rent-free bungalow, two free landlines and a mobile phone, fiver personal staff, ₹60,000 a year for the expenses of the staff, and free travel with a companion by train or air.
Q.12. Who has been honoured with Kerala’s highest film award, the JC Daniel Award 2022?
