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

Daily GK and Current Affairs Quiz –18th March 2023

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

This “Current Affairs Quiz – 18th March 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.

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Current Affairs Quiz – 18th March 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 Defence Acquisition Council (DAC), under the chairmanship of DM Rajnath Singh, approved the Acceptance of Necessity (AoN) for capital acquisitions worth ________________ under Buy Indian-IDDM?

  1. Rs 60,330 crore
  2. Rs 70,584 crore
  3. Rs 75,890 crore
  4. Rs 60,311 crore
  5. None of these

Show Correct Answers

Correct Answer:  B. Rs 70,584 crore

Explanation:  Recently, the Hindustan Aeronautics Limited (HAL) bags orders for Advanced Light Helicopters from Defence Ministry The Defence Acquisition Council (DAC) headed by Defence Minister Rajnath Singh approved the capital acquisition of indigenously-developed military hardware worth ₹70,584 crore as part of a mega procurement plan that is expected to significantly boost domestic defence manufacturing. It also accorded AoN for procurement of Advance Light Helicopters (ALH) MK-III from Hindustan Aeronautics Limited (HAL) for the Indian Coast Guard. Earlier this month, the Cabinet approved the acquisition of 70 basic trainer aircraft from Hindustan Aeronautics (HAL) for a whopping ₹6,828.36 crore.

2. The two-day Shanghai Cooperation Organisation (SCO) Tourism Ministers’ Meeting has begun recently in which city?

  1. Kochi
  2. Kolkata
  3. Varanasi
  4. New Delhi
  5. None of these

Show Correct Answers

Correct Answer:  C. Varanasi

Explanation:  The two-day Shanghai Cooperation Organisation (SCO) Tourism Ministers’ Meeting has begun in Varanasi. The Joint Action Plan on the Development of Cooperation in Tourism would be adopted during the meeting. The Joint Action Plan will include actions relating to the promotion of the SCO tourism brand, the promotion of the cultural heritage of the SCO Member States, sharing and exchange of information and digital technology in tourism, and the promotion of mutual cooperation in medical and health tourism.

  • Varanasi has been designated as the first cultural capital of the SCO. India is the current chair of the Shanghai Cooperation Organisation (SCO).
  • The eight-member countries of SCO represent around 42 percent of the world population and 25 percent of the global GDP.
  • Union Minister for Tourism G.Kishan Reddy is taking part in the meeting.
  • Prior to the meeting, the Minister visited the ghats of Holy Ganga and also performed Pooja at Kashi Vishwanath temple in the morning.

3. With reference to the management of land resources, the term term ‘ULPIN’ refers to_____.

  1. Unique Land Procurement Identity Nomination
  2. Unique Land Parcel Identification Number
  3. Unified Land Parcel Identification Number
  4. Universal Land Procurement Identity Number
  5. None of these

Show Correct Answers

Correct Answer:  B. Unique Land Parcel Identification Number

Explanation:  The Department of Land Resources organized national conference – Bhumi Samvaad IV on the implementation of Unique Land Parcel Identification Number (ULPIN) or Bhu-Aadhaar in New Delhi. Union Minister of Rural Development and Panchayati Raj Giriraj Singh will be the chief guest on the occasion. Around 300 participants across the Nation from diverse fields will take part. The theme of the national conference is – “Digitizing and Geo-Referencing India with Bhu-Aadhaar (ULPIN).”

The conference will have sessions on “Democratization of Land Records Data and Matribhoomi; “Application of Bhu-Aadhaar in Ease of Doing Business (EoDB) and Ease of Living; and “Best Practices – National and Global (Georeferencing / Survey/ Resurvey/ Use of Bhu-Aadhaar and Way Forward.”The Bhu-Aadhaar or ULPIN, a 14-digit alpha-numeric number generated based on the latitude longitude of the vertices of each land parcel shall be a single, authoritative source of truth of information on any parcel of land or property to provide integrated land services to the citizens as well as all stakeholders.

4. Who among the following has been recently appointed as the Chief Executive Officer of Tata Consultancy Services (TCS)?

  1. Rohit Jawa
  2. Mohit Joshi
  3. B. GopKumar
  4. K. Krithivasan
  5. None of the above

Show Correct Answers

Correct Answer:  D. K. Krithivasan

Explanation:  Rajesh Gopinathan, the Managing Director and CEO of Tata Consultancy Services (TCS), has announced his decision to resign from his position in order to pursue other interests. Gopinathan has been with the company for more than two decades. TCS’s board of directors has approved his request to step down and has appointed K Krithivasan as CEO-designate.

  • Rajesh Gopinathan will remain with TCS until September 15, 2023, to assist with the transition to his successor. During his six-year tenure as CEO, TCS achieved significant milestones, including adding over $10 billion in revenue and increasing its market capitalization by over $70 billion.
  • TCS, which has been operating for 55 years, has had only four CEOs in its history, and K Krithivasan will become the fifth. The company is known for having a highly stable management team, which is rare in the industry.

5. The Indian fintech company ‘PhonePe’ has raised an additional ____________ in primary capital from its parent Walmart.

  1. $100 million
  2. $250 million
  3. $200 million
  4. $175 million
  5. None of these

Show Correct Answers

Correct Answer:  C. $200 million

Explanation:  PhonePe, one of India’s largest fintech platforms has raised an additional $200 million (around Rs 1,649 crore) in primary capital from Walmart, at a pre-money valuation of $12 billion. This new funding comes as a part of PhonePe’s ongoing fundraise of up to $1 billion in capital, following its domicile shift to India last year. With this tranche, the company has raised $650 million (around Rs 5,360 crore) from several global investors, PhonePe said in a statement. The $12 billion pre-money valuation makes Walmart-owned PhonePe the most valuable fintech in the country, surpassing payment services provider, Razorpay which was last valued at $7.5 billion.

6. Which countries and Australia have announced an agreement under Project AUKUS to provide Australia with nuclear attack submarines?

  1. India and UK
  2. USA and UK
  3. UAE and UK
  4. USA and India
  5. None of these

Show Correct Answers

Correct Answer:  B. USA and UK

Explanation:  US, Australia and UK announced an agreement on Project AUKUS. The US, Australia and Britain have announced an agreement to provide Australia with nuclear attack submarines. This decision is an important step towards countering China’s growing activities in the Indo-Pacific region. US President Joe Biden, Australian Prime Minister Anthony Albanese and UK Prime Minister Rishi Sunak announced the AUKUS project agreement at the US Naval Base in San Diego, California. Australia’s Prime Minister Anthony Albanese said the purchase of nuclear-powered submarines and the construction of indigenous warships is the biggest ever defense investment in his country’s history.

  • Mr Albanese said that under this deal Australia would buy five US-built nuclear-powered submarines and later work on building a new model with British and American technology as part of an ambitious plan.
  • The submarines will be modeled after the United Kingdom’s next-generation nuclear submarine design and will incorporate up-to-date American technology.
  • The submarines will be known as “SSN-AUKUS” and will be built and used by both the UK and Australia.
  • Britain will receive delivery of its first SSN-AUKUS submarine in the late 2030s, and Australia will take delivery of its first in the early 2040s.
  • The ships will be manufactured by Rolls-Royce and BAE Systems.
  • The trilateral security partnership named “AUKUS” was signed between Australia, the United Kingdom and the United States in September 2021.

7. India’s first indigenous quadruped (four-legged) robot and exoskeleton has been developed by which company for the defence sector?

  1. Grene Robotics
  2. Svaya Robotics
  3. Garuda Robotics
  4. Vistan Nextgen Private Limited
  5. None of these

Show Correct Answers

Correct Answer:  B. Svaya Robotics

Explanation: India’s first indigenous quadruped (four-legged) robot and exoskeleton have been developed by Hyderabad-based Svaya Robotics for the defence sector as part of the Atmanirbhar Bharat initiative. Currently, these robots are imported from the US and Switzerland to help strengthen the India’s defense capabilities. The indigenous robots and wearable exoskeletons have been created as technology demonstrators with their design inputs in partnership with the DRDO Labs, Research and Development Establishment (R&DE), Pune, and the Defence Bioengineering and Electromedical Laboratory (DEBEL), Bengaluru.

 Quadruped robots are four-legged robots that can walk or run over uneven and rough terrain. These are also useful in detecting terrorist activities and other vulnerable locations and capturing visuals that can be monitored from any part of the country. These robots can carry a 25 kg payload and accompany a soldier, and can also be used in nuclear plants and other industries.

8. Who has been appointed as the Managing Director (MD) of UCO Bank?

  1. Rajesh Malhotra
  2. Amitava Mukherjee
  3. Ashwani Kumar
  4. Deepak Mohanty
  5. None of these

Show Correct Answers

Correct Answer:  C. Ashwani Kumar

Explanation: Financial Services Institutions Bureau (FSIB) recommended the name of Indian Bank executive director Ashwani Kumar for the post of managing director of UCO Bank. Prior to joining Indian Bank, Kumar was serving as chief general manager of Mumbai Zone of Punjab National Bank (PNB). FSIB is headed by ex-secretary, Department of Personnel & Training (DoPT), Bhanu Pratap Sharma. Kumar rose through ranks serving various offices of five PSBs viz. Bank of Baroda, Corporation Bank, Oriental Bank of Commerce, PNB and Indian Bank. His work experience includes working in wholesale banking division and as head of several branches (including Industrial Finance Branches and Licensed Commercial Banks (LCBs)).

FSIB is headed by former secretary, Department of Personnel and Training (DoPT), Bhanu Pratap Sharma. Other members of the headhunter are Animesh Chauhan, former chairman and MD of erstwhile Oriental Bank of Commerce, RBI’s ex-executive director Deepak Singhal, and Shailendra Bhandari, former MD of erstwhile ING Vysya Bank.

Monthly CA Digest February 2023 – Current Affairs Updates & 350+MCQ

9. World Sleep Day 2023 is an annual event observed on-

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

Show Correct Answers

Correct Answer:  C. 17th March

Explanation:   World Sleep Day 2023 is an annual event observed on the Friday before the Spring Vernal Equinox to raise awareness about the significance of sleep. This year, it falls on March 17, 2023. The day aims to reduce the burden of sleep disorders on society by promoting better prevention and management. The World Sleep Committee of the World Sleep Society, founded by World Association of Sleep Medicine (WASM) and World Sleep Federation (WSF), organizes this day. Just as exercising and consuming healthy food is essential for the body, sleep is also crucial for maintaining good health. While we sleep, our brains recharge and our bodies heal. Recognizing the importance of sleep can help address the issue of sleep disorders.

The World Sleep Society has announced the theme for this year’s Sleep Day as ‘Sleep is Essential for Health’. The purpose of this theme is to emphasize the importance of good sleep for overall physical, mental, and social well-being, just as a healthy diet and exercise are essential for good health.

10. Recently, Luxor Writing Instruments Private Limited signed ____________as its new brand ambassador.

  1. Rohit Sharma
  2. Virat Kohli
  3. MS Dhoni
  4. Shubman Gill
  5. None of these

Show Correct Answers

Correct Answer:  B. Virat Kohli

Explanation:  The Indian stationery brand, Luxor has onboarded the star Indian cricketer, Virat Kohli as its brand ambassador. The stationery company has recently signed a partnership with Schneider Pen, Germany to launch a high range of creative writing instruments in India. The partnership between the two is expected to make Luxor’s appearance more effective among the people, especially the youth section and amplify its stature as the brand of high-performing writing instruments in India.

Founded in 1963, Luxor International Private Limited is an Indian stationery manufacturing brand that produces a variety of writing instrument products under its banner, also selling some of its prolific products such as Pilot, Parker, and Waterman. The company is based in Noida, India.


11. Recently, Union Home Ministry announced _______ reservation for former Agniveers in the Central Industrial Security Force (CISF).

  1. 5%
  2. 10%
  3. 7%
  4. 12%
  5. None of these

Show Correct Answers

Correct Answer:  B. 10%

Explanation:  Union Home Ministry has announced a 10 percent reservation for former Agniveers in the Central Industrial Security Force (CISF). Former Agniveers would get relaxation in the upper age limit and will also be exempted from Physical Efficiency Test. This announcement comes a few days after the Ministry had announced a similar 10 percent reservation for former Agniveers in the Border Security Force (BSF).

  • As per the notification, the upper age limit for candidates of the first batch of Agniveers shall be relaxed by up to five years, whereas the other batches shall get age relaxation by up to three years.
  • The central government launched the Agnipath scheme for recruitment in the Armed Forces.
  • The scheme aims to induct youth between 17-and-a-half years of age and 21 years of age on a four-year short-term contractual basis. It has been designed to ensure a youthful profile of the Armed Forces.

12. In India, Ordnance Factory Day is celebrated annually ___________, marking the establishment of the first Ordnance factory by the British in Cossipore, Kolkata.

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

Show Correct Answers

Correct Answer:  D. 18th March

Explanation:  In India, Ordnance Factory Day is celebrated annually on March 18th, marking the establishment of the first Ordnance factory by the British in Cossipore, Kolkata, in 1801 during colonial rule. The Ministry of Defence celebrates this day by raising the Indian flag, singing the national anthem, and showcasing various artillery and military equipment used by the Indian Armed Forces to the public. Ordnance Factories are a government branch responsible for researching, developing, testing, producing, and marketing weapons for the military.

13. Recently, President Draupadi Murmu presented the “President’s Colour” to ___________ at Kochi.

  1. INS Vikrant
  2. INS Dronacharya
  3. INS Viraat
  4. INS Kavaratti
  5. None of these

Show Correct Answers

Correct Answer:  B. INS Dronacharya

Explanation:  President Draupadi Murmu presented the “President’s Colour” to INS Dronacharya at Kochi. He also visited India’s first indigenously built aircraft carrier INS Vikrant at the Cochin Shipyard. President Murmu praised the aircraft carrier as a shining example of Atmanirbhar Bharat and said that India is among the very few countries that have the capability to build an aircraft carrier with indigenous technology.

President’s Color Award

  • The President’s Color is the most prestigious decoration awarded by the President to a unit for outstanding service to the nation.
  • The highest military honour is an award given to military units for exceptional dedication and bravery in service.
  • Eligibility requires a minimum of 25 years of service and outstanding contribution to the military community.
  • It was instituted on May 27, 1951 and is considered one of the most prestigious military awards.
  • The award recognizes the collective efforts and sacrifices of a unit in defending their country, maintaining peace and order and upholding military values.

INS Dronacharya

  • INS Dronacharya is responsible for training the Sagar Prahari Bal and is also the Navy’s primary centre for training various nations in the Indian Ocean Region (IOR).
  • INS Dronacharya is a training establishment of the Indian Navy located in Kochi, Kerala.
  • It was commissioned in 1989 and provides training to naval personnel in various technical fields.
  • It also conducts research and development activities in the field of marine technology and provides consultancy services to the Indian Navy and other organisations.
  • INS Dronacharya has played an important role in the training of the submarine arm of the Indian Navy and is named after Dronacharya, the renowned warrior and teacher.

14. Recently, Which country participated with India in EXERCISE SEA DRAGON 2023?

  1. UAE
  2. USA
  3. France
  4. Russia
  5. None of these

Show Correct Answers

Correct Answer:  B. USA

Explanation:  The Indian Navy is participating in the 3rd edition of anti-submarine warfare (ASW) exercise SEA DRAGON 23 with A P8I aircraft. The Exercise is scheduled to be held from March 15 to 30, 2023 in waters off Guam, USA (United States of America). SEA DRAGON 23 is an annual, multinational ASW exercise for Long Range MR (Maritime Reconnaissance) ASW aircraft conducted by the United States Navy.

  • Other countries participating in the exercise SEA DRAGON 23 include Japan, Canada, and South Korea.
  • Indian Navy’s A P8I aircraft is participating in the exercise along with the US Navy’s P8A, Japanese Maritime Self Defence Force’s P1, Royal Canadian Air Force’s CP 140, and Republic of Korea Navy’s (RoKN) P3C.
  • Under the exercise, coordinated anti-submarine warfare will be held amongst the participating countries.
  • The capabilities of participating aircraft will be tested in tracking simulated and live underwater targets while also sharing mutual expertise.

15. According to data from the Reserve Bank of India, the country’s foreign exchange reserves declined by $2.397 billion to ________ as of March 10, 2023.

  1. $525 billion
  2. $520 billion
  3. $560 billion
  4. $510 billion
  5. None of these

Show Correct Answers

Correct Answer:  C. $560 billion

Explanation:  According to data from the Reserve Bank of India, the country’s foreign exchange reserves declined by $2.397 billion to $560 billion as of March 10, 2023. This marks a three-month low for India’s foreign exchange reserves after they had increased for the first time in five weeks to $562.40 billion as of March 3.

  • The data shows that India’s foreign currency assets also decreased by approximately $2.2 billion to $494.86 billion. This includes the effect of appreciation or depreciation of non-US units, such as the euro, pound, and yen, held in the foreign exchange reserves.
  • In addition, India’s gold reserves and SDR holdings saw a reduction on March 10, with both reserves falling by $110 million and $53 million, respectively. India’s gold reserves and SDR holdings now stand at $41.92 billion and $18.12 billion, respectively. The country’s reserve position in the International Monetary Fund (IMF) also fell by $11 million, taking it to $5.1 billion.

Daily GK and Current Affairs Quiz – 17th March 2023

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