Daily GK and Current Affairs Quiz - 5th January 2023
Daily GK and Current Affairs Quiz - 5th January 2023

Daily GK and Current Affairs Quiz – 5th January 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 “Current Affairs Quiz – 5th January 2023″ in PDF format based on the current events for your daily practice.

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Current Affairs Quiz – 5th January 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. Which of the following organizations has launched the Inflation Expectations Survey of Households (IESH) which will provide useful inputs for monetary policy?

  1. RBI
  2. SEBI
  4. NITI Aayog
  5. None of these

Show Correct Answers

Correct Answer:  A. RBI

Explanation:  The Reserve Bank of India (RBI) has launched the Inflation Expectations Survey of Households (IESH) which will provide useful inputs for monetary policy. In the January 2023 round, the survey will be conducted across 19 cities. It aims to capture subjective assessments of price movements and inflation, based on individual consumption baskets. The RBI statement said the survey seeks qualitative responses from households on price changes (general prices as well as prices of specific product groups) in the three months ahead as well as in the one-year ahead period and quantitative responses on current, three months ahead and one year ahead inflation rates.

2. The Asian Development Bank (ADB) and the Government of India signed a __________________ loan to improve energy security, quality of supply, efficiency, and resilience of power sector in Tripura.

  1. $440 million
  2. $300 million
  3. $220 million
  4. $100 million
  5. None of these

Show Correct Answers

Correct Answer:  C. $220 million

Explanation:  The Asian Development Bank (ADB) and the Government of India signed a $220 million loan to improve energy security, quality of supply, efficiency, and resilience of power sector in Tripura. The Project will fund the replacement of Rokhia power plant with a highly efficient combined cycle gas turbine that will reduce greenhouse gas emissions. Mr Hoe Yun Jeong, Officer-in-Charge of ADB’s India Resident Mission.

3. The Indian accelerator program and Infosys Finacle has partnered with which bank to promote the startup ecosystem in India?

  1. Axis Bank
  2. HSBC Bank
  3. ICICI Bank
  4. Federal Bank
  5. None of these

Show Correct Answers

Correct Answer:  C. ICICI Bank

Explanation:   India accelerator, a seed-stage accelerator program, has launched i3 Launchpad, a program to nurture and co-innovate with the start-up ecosystem in India. This has been developed in collaboration with ICICI Bank and Infosys Finacle, part of EdgeVerve Systems, a wholly-owned product subsidiary of Infosys.

  • The objective of the i3 Launchpad is to support a community of entrepreneurs who are on a mission to create brands that can have a global impact.
  • It is designed to help start-ups accelerate their success by leveraging mentorship, resources, and opportunities from Infosys Finacle, ICICI Bank, and India Accelerator (IA).
  • The program is open to start-ups across all industries and will onboard two cohorts a year, with a target of 12-18 start-ups in each cohort.

4. The percentage of Corporate tax collections to GDP ratio stood at ____________________ in FY 2021-2022.

  1. 4.21%
  2. 3.01%
  3. 2.58%
  4. 2.04%
  5. None of these

Show Correct Answers

Correct Answer:  B. 3.01%

Explanation:  Corporate tax collections exceeded 3 per cent of the GDP after a gap of two years in 2021-22, reflecting overall improvement in profitability of India Inc propelled by increase in demand for goods and services. However, the corporate tax collection is yet to surpass its five-year high of 3.51 per cent of GDP recorded in 2018-19.

  • In actual terms, the net corporate tax collection in 2021-22 stood at Rs 7.12 lakh crore. The Gross Domestic Product (GDP) at current market price was Rs 236.64 lakh crore. The percentage of net corporate tax to GDP worked out to be 3.01 per cent.
  • While reducing the tax rate in September 2019, the government had said that any new domestic company incorporated on or after October 1, 2019, making fresh investment in manufacturing, will have an option to pay income-tax at the rate of 15 per cent if they commenced production on or before March 31, 2023. The period was later extended by another year till March 2024.
  • Also, domestic companies were given an option to pay taxes at a lower 22 per cent rate if they gave up exemptions and incentives. Besides, the rate of Minimum Alternate Tax (MAT) too had been reduced to 15 per cent from 18.5 per cent.
  • The tax cut reflected in the realisation of corporate taxes in 2019-20, when collections fell to over Rs 5.56 lakh crore (2.77 per cent of GDP).
  • Next year in 2020-21, the corporate tax to GDP ratio declined further to 2.31 per cent on account of the combined impact of Covid-19 and tax rate cuts of the previous year. The net corporate tax collection was over Rs 4.57 lakh crore.
  • In the current fiscal, the Budget has pegged gross corporate tax collection (before adjusting for refunds) at Rs 7.20 lakh crore.
  • In the April-mid December period of the current fiscal, net corporate tax collection stood at Rs 6.06 lakh crore.

5. JAGA Mission of which of the following state has won the UN-Habitat’s World Habitat Awards 2023?

  1. Assam
  2. Odisha
  3. Kerala
  4. Telangana
  5. None of these

Show Correct Answers

Correct Answer:  B. Odisha

Explanation:  Odisha won the UN-Habitat’s World Habitat Awards 2023 for Jaga Mission, a 5T initiative of the state. The awards recognise and highlight innovative, outstanding and revolutionary housing ideas, projects and programmes from across the world. The Jaga mission is the land titling and slum upgrading program that aims at empowering the lives of slum dwellers. Jaga mission is the world’s largest land titling and slum upgrading program which aims at empowering the lives of slum dwellers. Under the inspiring leadership of Chief Minister Naveen Patnaik, the Government of Odisha has set itself the ambitious target of becoming the first slum-free state in India and is leading the Jaga Mission programme to upgrade all of the state’s 2,919 slums. In the last 05 years of the initiative, 1,75,000 families have been granted land tenure security. 100% households in 2,724 slums have been provided with pipe water connections, 707 slums transformed fully into Liveable Habitats, 100% households in 666 slums have individual toilets, and 8 cities have become slum-free.

6. The Union Cabinet approved an initial outlay of ___________ for the National Green Hydrogen Mission.

  1. Rs. 15,867 crore
  2. Rs. 14,867 crore
  3. Rs 19,744 crore
  4. Rs. 12,867 crore
  5. None of these

Show Correct Answers

Correct Answer:  C. Rs 19,744 crore

Explanation:  The Union Cabinet approved an initial outlay of Rs 19,744 crore for the National Green Hydrogen Mission. Addressing the nation on its 75th Independence Day in 2021, Prime Minister Narendra Modi launched a national mission for green fuels in line with the Centre’s stated target of making India energy-independent before completing 100 years of Independence. The mission will have four components that aim at enhancing domestic production of green hydrogen and promote the manufacturing of electrolysers — a key constituent for making green hydrogen. The initial outlay for the mission will include Rs 17,490 crore for strategic interventions for green hydrogen transition (SIGHT) programme, Rs 1,466 crore for pilot projects, Rs 400 crore for research and development (R&D), and Rs 388 crore towards other mission components.

  • The initial target is to produce 5 million tonnes (mt) of green hydrogen annually. It will include two financial incentive mechanisms for the domestic manufacturing of electrolysers and the production of green hydrogen.
  • The mission will also support pilot projects in emerging end-use sectors and the production pathways. Regions capable of supporting large-scale production and/or utilisation of hydrogen will be identified and developed as green hydrogen hubs.
  • An enabling policy framework will be developed to support the establishment of the green hydrogen ecosystem. 

7. Which country took over the Presidency of the Council of the European Union (EU) for the next 6 months, recently?

  1. Norway
  2. Finland
  3. Sweden
  4. Denmark
  5. None of these

Show Correct Answers

Correct Answer:  C. Sweden

Explanation:  Sweden took over the Presidency of the Council of the European Union (EU) for the next 6 months on 1 January 2023. The Swedish presidency will be the last in the French, Czech Republic, and Sweden trio that holds the presidency for the 18-month period from 2022 to mid-2023. Since joining the EU in 1995, Sweden has held the presidency in 2001 and 2009. It is one of the members of the EU.

8. President Murmu inaugurates the 18th National Scout and Guide Jamboree in which of the following state?

  1. Kerala
  2. Gujarat
  3. Telangana
  4. Rajasthan
  5. None of these

Show Correct Answers

Correct Answer:  D. Rajasthan

Explanation:  The President of India Droupadi Murmu inaugurated the 18th National Jamboree of the Bharat Scouts and Guides at Pali, Rajasthan on 4th January 2023. The President of India noted that the Bharat Scouts and Guides is the largest voluntary, non-political, uniformed youth organization and educational movement in the country. The Bharat Scouts and Guides work for the character-building of boys and girls without any distinction of creed, race, or gender. The organization is working with a spirit of dedication and service which promotes the welfare of humanity.

  • In the 18th National Jamboree, over 35,000 scouts and guides from all over the country will participate.
  • The 18th National Jamboree will be held from 4th January 2023 to 10th January 2023 in Rajasthan.
  • Rajasthan is hosting the National Jamboree of the Bharat Scouts and Guides after 66 years.
  • To accommodate the participants, a smart Village has been set up with all the facilities on a 220-hectare area at Nimble Village and 3500 hundred tents have been erected at the venue.
  • President Droupadi Murmu said that during the COVID-19 pandemic, Bharat Scouts and Guides have shown exemplary courage in serving society.
  • Scouts and Guides can play an important role in making people aware by adopting renewable energy, reducing their carbon footprint, and promoting sustainable development practices.
  • The President also noted that Scouts and Guides must educate people about the importance of protecting biodiversity, maintaining the environmental balance, and promoting responsible tourism practices.
  • India is considered a young country in the world, as youth are the builders of the future nation.

9. According to the Coffee Board of India, the total export of coffee from India rose by how much percent to 4 lakh tonnes in 2022?

  1. 3.50 %
  2. 2.66 %
  3. 1.66 %
  4. 1.50 %
  5. None of these

Show Correct Answers

Correct Answer:  C. 1.66 %

Explanation:  Coffee shipments from IndiaAsia’s third-largest producer and exporter, rose 1.66 per cent to 4 lakh tonne in 2022 on rise in instant coffee exports and re-exports. Exports stood at 3.93 lakh tonne in 2021. In value terms, coffee export was higher at Rs 8,762.47 crore in 2022 as against Rs 6,984.67 crore in the previous year. India ships both Robusta and Arabica varieties, besides instant coffee. Italy, Germany and Russia are the major export destinations for the Indian coffee.

  • According to the Board’s latest data, shipment ofRobusta coffee declined marginally to 2,20,974 tonne in 2022 from 2,20,997 tonne in the previous year.
  • Similarly, export of Arabica fell 11.43 per cent to 44,542 tonne from 50,292 tonne. However, export of instant coffeeincreased 16.73 per cent to 35,810 tonne in 2022 from 29,819 tonne in the previous year. About 99,513 tonne of coffee was re-exported in 2022, higher than 92,235 tonne in the previous year.
  • The unit per value realisation remained higherat Rs 2,18,923 per tonne as against Rs 1,77,406 per tonne in the period.

10. Which of the following company has topped profit-making public sector enterprises in 2021-22?

  1. BHEL
  2. HPCL
  3. BPCL
  4. ONGC
  5. None of these

Show Correct Answers

Correct Answer:  D. ONGC

Explanation:  The net profit of operating public sector enterprises jumped 50.87 per cent to ₹ 2.49 lakh crore during 2021-22, with ONGC, Indian Oil Corp, Power Grid, NTPC and SAIL emerging as the top five performers. The net profit of operating central public sector enterprises (CPSEs) stood at ₹ 1.65 lakh crore in the previous fiscal. The Public Enterprises Survey 2021-22 also revealed that the net loss of loss-making CPSEs narrowed to ₹ 0.15 lakh crore in FY 2021-22 from ₹ 0.23 lakh crore in FY 2020-21, showing a decrease of 37.82 per cent. Major loss-making CPSEs include Bharat Sanchar Nigam Ltd (BSNL), Mahanagar Telecom Nigam Ltd (MTNL), Air India Assets Holding Ltd, Eastern Coalfields Ltd and Alliance Air Aviation Ltd. 

  • The survey attributed the revenue rise in FY 2021-22 to better performance by the petroleum (refinery and marketing), crude oil and transport, and logistics segments. Dividend declared by operating CPSEs in FY 2021-22 stood at ₹ 1.15 lakh crore, as against ₹ 0.73 lakh crore in FY21, up 57.58 per cent.
  • Among the sectors, manufacturing, processing and generation sectorcontinues to command the highest share, followed by services, and mining and exploration. Three cognate groups – petroleum (refinery and marketing), trading and marketing, and power generation – together contributed 69.08 per cent to the gross revenues in FY 2021-22.

11. Which of the following state has launched CM’s Sukhashray Sahayata Kosh?

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

Show Correct Answers

Correct Answer:  D. Himachal Pradesh

Explanation:  Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu announced to set up of Rs 101 crore CM’s Sukhashraya Sahayata Kosh for the destitute in the state. Chief Minister of Himachal Pradesh informed that 40 Congress MLAs agreed to contribute Rs one lakh each from their first salary for the fund and also requested the MLAs from BJP and other parties to contribute. The collected fund will be spent on the higher education of destitute children to encourage them to pursue courses such as engineering, medicine, management, and other streams from reputed institutions like IIT, IIM, AIIMS, and NIT.

  • CM Sukhvinder Singh Sukhu announced that there are 6,000 destitute children in Himachal Pradesh.
  • The CM’s Sukhashraya Sahayata Kosh with an expenditure of Rs 101 crore would provide the facility of higher education to needy children.
  • Through the CM’s Sukhashraya Sahayata Kosh other than bearing the educational expenses, the government would also provide Rs 4000 monthly pocket money to the destitute children and women pursuing higher education.
  • The state government will bear the expenditure on skill development education, higher education, and vocational training of such children.
  • They will also be given financial assistance as per their requirement so that they can lead a respectable life.
  • The state government was committed to ensuring the welfare of needy children, orphans, destitute women, and senior citizens.
  • The Chief Minister informed that receiving assistance from this fund would be free from government restrictions and no income certificate would be needed.
  • The assistance will be given directly to the beneficiary’s account immediately by the department of social justice and empowerment on a simple application.

12. Jal Shakti Ministry organizing the 1st All India Annual State Ministers Conference on Water in which of the following city of Madhya Pradesh?

  1. Sagar
  2. Gwalior
  3. Indore
  4. Bhopal
  5. None of these

Show Correct Answers

Correct Answer:  D. Bhopal

Explanation:  Ministry of Jal Shakti organized the “1st All India Annual State Minister Conference on Water” with the theme of “Water Vision@2027” in Bhopal, Madhya Pradesh on 5th and 6th January 2023. Chief Minister of Madhya Pradesh, Shivaraj Singh Chouhan, and Union Minister of Jal Shakti Gajendra Singh Shekhawat felicitated the occasion. The Minister of State for Jal Shakti and Food Processing Industries Prahlad Singh Patel was also present during the event. The primary objective of the 2-day conference was to gather inputs for India@2027 and the 5P vision from the different water stakeholders of the state, water being a state subject, and improve engagement and partnership with states.

  • The government is deliberating on the preparation of the Action Plan and Vision Document of India@2027 according to Prime Minister Narendra Modi’s vision to make India a developed Nation in 2027.
  • The Prime minister has proclaimed the 5P mantras which include Political will, Public Financing, Partnerships, Public Participation, and Persuasion for sustainability.
  • India’s water sector will play a significant role in achieving the heights India strives to reach in the next few years.
  • The first All India Annual State Ministers Conference on Water was held in Bhopal, Madhya from 5th January to 6th January 2023.
  • The conference was also attended by Senior Secretaries of Water Resources, the Public Health Engineering Department (PHED), and Irrigation from all States/UTs along with Agriculture Production Commissioners will also be attending the Conference.
  • The 1st Thermatic Session addressed the various aspects of “Water Security in Water Deficit, Water Surplus, and Hilly Regions”.
  • The 2nd Thermatic Session is on “Water Use Efficiency including the Reuse of Water water/Greywater”.
  • The 3rd Thermatic Session will be on “Water Governance” which aims to break the silos in the water sector by bringing various states together facilitated by the center.
  • The 4th Thermatic Session addresses the present scenario of climate change in the country and the measures that need to be taken to reduce the effects of climate change.
  • The 5th Session is on Water Quality and deals with problems of water quality of drinking water, surface water, and groundwater.

13. Recently, The union cabinet has approved the naming of the airport at Mopa, Goa as ________________.

  1. Sushma International Airport
  2. Jaitley International Airport
  3. Atal International Airport
  4. Manohar International Airport
  5. None of these

Show Correct Answers

Correct Answer:  D. Manohar International Airport

Explanation:  The Union Cabinet has approved the naming of Greenfield International Airport at Goa’s Mopa as Manohar International Airport after former Defence Minister and Goa Chief Minister Manohar Parrikar. The airport was inaugurated by Prime Minister Narendra Modi in December 2022 at Mopa Goa. The airport will be named after the late Manohar Parrikar to honor his contribution to building modern Goa.

  • Prime Minister Narendra Modiinaugurated the Mopa International Airport, at Goa. The foundation stone of the airport was also laid by Prime Minister Narendra Modi in November 2016. The Mopa International Airport is developed at a cost of around Rs 2,870 crores.
  • The airport has been built on the theme of sustainable infrastructureand comprises a solar power plant, green buildings, LED lights on the runaway, rainwater harvesting, and a state-of-the-art sewage treatment plant with recycling facilities. Phase I of the airport will cater 4.4 to million passengers per annum (MPPA). It can be expanded up to the capacity of 33 MPPA.

14. The Reserve Bank of India (RBI) lifted restrictions on which of the following NBFC’s on regulations related on recovery operations via third party collection agents?

  1. IDFC First Finance Ltd
  2. Bajaj Finance Ltd
  3. HDB Finance Services
  4. Mahindra & Mahindra Financial Services Ltd
  5. None of these

Show Correct Answers

Correct Answer:  D. Mahindra & Mahindra Financial Services Ltd

Explanation:  The Reserve Bank of India (RBI) lifted restrictions related to Mahindra & Mahindra Financial Services on recovery operations via third party collection agents. The lifting of restrictions followed submissions made by M&M Finance and its pledge to strengthen recovery practices and outsourcing arrangements, while tightening the process of onboarding third-party agents.

15. Recently, ____________ and Microsoft announced its partnership to bring forth a next-generation mobile application with a view to providing customers with a personalized banking experience.

  1. HSBC Bank
  2. Canara Bank
  3. HDFC Bank
  4. YES Bank
  5. None of these

Show Correct Answers

Correct Answer:  D. YES Bank

Explanation:  Yes Bank announced its partnership with Microsoft to bring forth a next generation mobile application with a view to provide customers with a personalised banking experience. Yes bank will leverage Microsoft’s Azure platform to create the app which will offer customers a host of services such as online payments, shopping, rewards, offers, as well as customized dashboards, in addition to traditional banking functions, the company said in a statement.

  • As per the statement, the new app will run on Microsoft’s enterprise-grade cloud platform.
  • With the support of the app, Yes Bank aims scale up various services by bringing merchants and ecosystem partners on to a common platform.
  • This will empower the Bank to cater to diverse financial needs of customers across loans, payments, deposits, investments, cards and more, it said.

Daily GK and Current Affairs Quiz – 4th January 2023

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