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Current Affairs Quiz: 1 & 2 January 2023

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AffairsCloud brings you the complete and important daily Current Affairs Quiz 1 & 2 January 2023 to achieve more marks in Banking, Insurance, UPSC, SSC, CLAT, Railways and all other competitive Exams. We have prepared the current affairs quiz question from our daily current affairs 2022 updates.

Our Current Affairs December 2022 events will help you to get more marks in Banking, Insurance, SSC, Railways, UPSC, CLAT and all State Government Exams. Also, try our Current Affairs Quiz.

  1. In December 2022, the GoI approved the Print and Digital Media Association (PADMA) as a self-regulatory body for publishers of news and current affairs across India.
    Who will head the Print and Digital Media Association (PADMA)?

    1) B.Subhashan Reddy
    2) Sanjib Banerjee
    3) Ajit Prakash Shah
    4) Mool Chand Garg
    5) Indira Banerjee
    Answer-4) Mool Chand Garg
    Explanation:
    The government of India (GoI) has approved the Print and Digital Media Association (PADMA) as a self-regulatory body for publishers of news and current affairs across India.
    i. PADMA, an organisation with 47 digital news publishers, will look at grievances related to digital media news content on its platform.
    • The Ministry of Information and Broadcasting (I&B) intimated the approval through an official order on 2nd December 2022.
    ii. The organisation will be headed by former High Court (HC) Judge Mool Chand Garg and have a part-time member Prasar Bharati Ashok Kumar Tandon and journalist Manoj Kumar Mishra as members.

  2. Name the bank that has recently (in Dec ‘22) partnered with SBI Card to launch co-brand credit cards.
    1) Union Bank of India
    2) Canara Bank
    3) Bank of India
    4) Bank of Baroda
    5) Punjab & Sind Bank
    Answer-5) Punjab & Sind Bank
    Explanation:
    Punjab & Sind Bank (PSB), a public sector bank, has partnered with SBI Card to launch co-brand credit cards for the bank’s customers. This marks the entry of PSB into ‘credit cards’ as a new product segment under the bank’s portfolio.
    i. Under the partnership, three card variants have been launched including, PSB SBI Card ELITE, PSB SBI Card PRIME, and PSB SimplySAVE SBI Card.

  3. Which bank has recently (in Dec ‘22) signed a Scheme Transfer Agreement (STA) to transfer the Mutual Funds schemes to LIC Mutual Fund (MF)?
    1) YES Bank
    2) IDBI Bank
    3) HDFC Bank
    4) ICICI Bank
    5) IndusInd Bank
    Answer-2) IDBI Bank
    Explanation:
    The IDBI Bank has signed a Scheme Transfer Agreement (STA) with LIC Mutual Fund (MF) for the transfer of Schemes of IDBI Mutual Funds (MF) to LIC MF to comply with regulations 7B of Securities and Exchange Board of India (SEBI) Mutual Fund Regulations.
    About IDBI Bank Limited:
    Managing Director (MD) & Chief Executive Officer (CEO)– Rakesh Sharma
    Established- 1964
    Headquarters– Mumbai, Maharashtra

  4. Name the life insurance company that has recently (in Dec ’22) launched the Emerging Opportunities Fund with Unit-Linked Insurance Plans (ULIPs).
    1) Bajaj Allianz Life Insurance
    2) Bharti AXA Life Insurance
    3) Tata AIA Life Insurance
    4) Birla Sun Life Insurance
    5) Aviva Life Insurance
    Answer-3) Tata AIA Life Insurance
    Explanation:
    Tata AIA Life Insurance has established the Emerging Opportunity Fund with ULIP (unit-linked insurance plans), which is able to invest in mid-cap companies and rising market leaders with the potential to provide significant future growth.
    i. The applications for ULIP plans with New Fund Offering (NFO) window were open till 31 December 2022.
    ii. Tata AIA’s ULIP offerings like Fortune Pro, Wealth Pro, Fortune Maxima, and Wealth Maxima can be used to invest in the Fund.

  5. Which bank has recently (in Dec ‘22) won EAG Laureate Award at the International Olympiad of Financial Security in Sochi, Russia?
    1) Indian Bank
    2) Punjab National Bank
    3) State Bank of India
    4) Canara Bank
    5) Bank of Baroda
    Answer-5) Bank of Baroda
    Explanation:
    Bank of Baroda, the second largest public sector bank in India after State Bank of India (SBI), won EAG Laureate award in the International Olympiad of Financial Security held at Sochi, Russia on 10 October 2022.
    i. India is one of the nine members of the Eurasian group on combating money laundering and terrorism (EAG), a regional organisation similar to the Financial Action Task Force (FATF). The EAG was established in 2004 and is currently an associate member of the FATF.

  6. Name the bank that has recently (in Dec ‘22) re-appointed ‘Suresh Kishinchand Khatanhar’ as the Deputy Managing Director (DMD) for 1 year w.e.f 15th January 2023.
    1) YES Bank
    2) ICICI Bank
    3) IDBI Bank
    4) HDFC Bank
    5) Axis Bank
    Answer-3) IDBI Bank
    Explanation:
    The Board of Directors of IDBI Bank Limited re-appointed Suresh Kishinchand Khatanhar as the Deputy Managing Director (DMD) of IDBI Bank for 1 year with effect from 15th January 2023, according to the Reserve Bank of India (RBI)’s approval.
    • On 15th January 2020, the IDBI Bank Board appointed Suresh Khatanhar as DMD for a 3-year term.
    About IDBI Bank Limited:
    MD & Chief Executive Officer (CEO)- Rakesh Sharma
    Headquarters- Mumbai, Maharashtra
    Establishment- 1st July 1964

  7. Who has been recently (in Dec ‘22) appointed as the next Engineer-in-Chief of the Indian Army?
    1) Lt Gen Arvind Walia
    2) Lt Gen Harpal Singh
    3) Lt Gen Ajai Kumar Singh
    4) Lt Gen Shantanu Dayal
    5) Lt Gen Mohan Subramanian
    Answer-1) Lt Gen Arvind Walia
    Explanation:
    Lieutenant (Lt) General (Gen) Arvind Walia, a 1986 batch officer and an alumnus of the Indian Military Academy, Dehradun has been appointed as the next Engineer-in-Chief of the Indian Army.
    i. He succeeds Lt Gen Harpal Singh who is superannuating on 31st December 2022.

  8. Pritzker-Winning Japanese Architect Arata Isozaki Passed Away in December 2022.
    In which year did he receive the Pritzker Architecture Prize?

    1) 2021
    2) 2019
    3) 2018
    4) 2020
    5) 2022
    Answer-2) 2019
    Explanation:
    Arata Isozaki, a Pritzker-Winning Japanese Architect, passed away at the age of 91 in Okinawa Island (Japanese Island). He was called a ‘postmodern giant’, who blended the culture and history of the East and the West in his designs.
    i. In 2019, Arata Isozaki won the Pritzker Architecture Prize, internationally the highest honour in the field.
    ii. In 1979, Arata Isozaki was appointed to the 1st Pritzker Prize Jury and continued on as a member for 5 additional years.

  9. Who authored the book, “The World: A Family History”?
    1) Simon Sebag Montefiore
    2) Ruth Ellen Goodman
    3) Niall Ferguson
    4) Lucy Worsley
    5) David Olusoga
    Answer-1) Simon Sebag Montefiore
    Explanation:
    Simon Sebag Montefiore, a British historian, discussed his recent book “The World: A Family History” in an interview with an Indian historian Manu S. Pillai.
    i. In the book, Simon Sebag Montefiore explores how people and families have played a role in the convergences and divergences in world history.
    ii. The two-part book was originally published on 27th October 2022, published by Hachette India.

  10. Which state government has recently (in Dec ‘22) approved the proposal for the grant of industrial status to the tourism sector?
    1) Gujarat
    2) Andhra Pradesh
    3) Assam
    4) Maharashtra
    5) Karnataka
    Answer-3) Assam
    Explanation:
    The Cabinet of Assam headed by Himanta Biswa Sarma, Chief Minister (CM) of Assam approved the proposal for the grant of industrial status to the tourism sector in Assam.
    i. With industry status, restaurants, cafeterias, health clubs, spas and wellness centres among others are eligible for incentives under the industrial policy.
    ii. This will encourage and boost private investment in the above areas of the tourism sector.