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Current Affairs Quiz: 1 March 2023

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AffairsCloud brings you the complete and important daily Current Affairs Quiz 1 March 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 2023 updates.

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    1. In which state, the Government of India (GoI) recently (in Feb ‘23) approved the 2,880-megawatt (MW) Dibang Multipurpose Project (MPP), the largest ever hydropower project,
      1) Arunachal Pradesh
      2) Manipur
      3) Assam
      4) Sikkim
      5) Uttarakhand
      Answer-1) Arunachal Pradesh
      The 2,880-megawatt (MW) Dibang Multipurpose Project (MPP) in Arunachal Pradesh (AP), the largest ever hydropower project, has got approval from the Government of India with the investment of around Rs 31,876.39 crores (USD 3.9 billion) to meet the power demand.
      • The project which borders China will be developed by NHPC Limited. The estimated time period for building the project was 9 years.
      i. The Project is located in the Lower Dibang Valley District of AP, on the Dibang River.
      ii. The project includes construction of a 278m high Concrete Gravity Dam (above the deepest foundation level), 6 Nos. horseshoe-shaped head race tunnels (length 300m to 600 m with 9 m diameter), an underground Power House, and 6 Nos. horseshoe-shaped tailrace tunnels (length 320m to 470 m with 9m diameter).

    2. Which country’s University “Deakin” is set to become the first foreign university to set up a campus in India (in Gujarat International Finance Tec-City (GIFT City) in Gandhinagar, Gujarat)?
      1) Germany
      2) United States of America
      3) England
      4) France
      5) Australia
      Answer-5) Australia
      Deakin University from Australia is set to become the first foreign university to set up a campus in India. The independent campus will be established in Gujarat International Finance Tec-City (GIFT City) in Gandhinagar, Gujarat, India.
      i. The International Financial Services Centre Authority (IFSCA) has received an application from Deakin University regarding setting up its campus in India.
      ii. The university will make an announcement regarding its intentions on 8th March 2023 during the 2-day visit of Australia’s Prime Minister (PM) Anthony Albanese to Gujarat.
      Note- Deakin University has 4 campuses in Australia: Melbourne (Burwood), Geelong (Waurn Ponds and Waterfront) and Warrnambool.

    3. Which bank has recently (in Feb ‘23) signed an agreement with Export-Import Bank of India (India Exim Bank) to support cross-border trade transactions?
      1) Axis Bank
      2) Kotak Mahindra Bank
      3) HDFC Bank
      4) RBL Bank
      5) ICICI Bank
      Answer-4) RBL Bank
      On 27th February 2023, RBL Bank Limited, formerly known as Ratnakar Bank, and Export-Import Bank of India (India Exim Bank) signed a Confirming Bank agreement thereby onboarding RBL bank under India Exim Bank’s Trade Assistance Programme (TAP) to support cross-border trade transactions.
      i. Under the TAP, India Exim Bank would facilitate India’s exports globally by providing credit enhancement to trade instruments which will in turn support mobilise trade finance.
      ii. The financing structure of TAP would enable RBL Bank to make cross-border trade transactions in locations where trade lines are constrained while lowering the risks associated with global trade.

    4. Name the life Insurance that has recently (in Feb ‘23) launched “Nishchit Aayush Plan”, an individual savings life insurance plan.
      1) HDFC Life Insurance
      2) Aditya Birla Sun Life Insurance
      3) Kotak Mahindra Life Insurance
      4) Tata AIA Life Insurance
      5) Bajaj Allianz Life Insurance
      Answer-2) Aditya Birla Sun Life Insurance
      On 27th February 2023, Aditya Birla Sun Life Insurance (ABSLI) Limited, the life insurance subsidiary Aditya Birla Capital Limited (ABCL) launched a non-linked non-participating individual savings life insurance plan ‘ABSLI Nishchit Aayush Plan’ to integrates financial security and wealth building to meet policyholders immediate liquidity needs without risk.
      i. The benefits of this plan could be availed on a long-term basis (25, 30, 35, 40 years) or whole life basis (100 – Age at entry).
      ii. The plan also has an income variant of Level Income with Lump-sum Benefit or Level Income with Enhanced Lump-sum Benefit or Increasing Income (at 5% simple interest rate every 5 years)

    5. Which Small Finance bank recently (in Feb ‘23) entered into a bancassurance partnership with Bharti AXA life insurance limited to distribute life insurance products through the bank’s Pan-India network?
      1) Unity Small Finance Bank
      2) Equitas Small Finance Bank
      3) Capital Small Finance Bank
      4) Ujjivan Small Finance Bank
      5) Fincare Small Finance Bank
      Answer-1) Unity Small Finance Bank
      Bharti AXA Life Insurance Limited has entered into a bancassurance partnership with Unity Small Finance Bank Limited (Unity Bank), a new-age, digital-first bank, to distribute life insurance products through the bank’s Pan-India network of 111 branches and 206 offices
      i. As a result of this partnership, Unity Bank’s 15 lakh+ customers spread across 17 states will be eligible for Bharti AXA Life’s entire suite of life insurance plans, including protection, savings, investment, and retirement plans.
      ii. Bharti AXA Life Insurance is a joint venture (JV) between the Paris(France) -based AXA Group and Bharti Enterprises

    6. Name the bank that has recently (in Feb ‘23) partnered with Experian India to improve digital security and innovative solutions.
      1) Bank of India
      2) Canara Bank
      3) Bank of Baroda
      4) Bank of Maharashtra
      5) Punjab National Bank
      Answer-4) Bank of Maharashtra
      In February 2023, Bank of Maharashtra (BoM), a public sector bank (PSB), formed a strategic partnership with Experian India to improve digital security and provide an extensive portfolio of services such as credit risk, advanced analytics, and fraud prevention.
      i. BoM will be able to analyse consumers’ risk behaviour, better understand customer demands, and manage the credit portfolio through these high tech, creative solutions.

    7. Argentina footballer, ___________ was named as the Best FIFA Men’s player of 2022 and Alexia Putellas, footballer from ___________ was named as the Best FIFA Women’s player of 2022.
      1) Lionel Messi; England
      2) Lionel Scaloni; Poland
      3) Lionel Messi; Spain
      4) Lionel Scaloni; England
      5) Sergio Agüero; Spain
      Answer-3) Lionel Messi; Spain
      The Fédération Internationale De Football Association (FIFA announced the winners of the 2022 Best FIFA Football Awards. Argentina and Paris St-Germain forward Lionel Messi was named Best FIFA Men’s player and Spanish midfielder Alexia Putellas was named Best FIFA Women’s player at the 2022 Best FIFA Football Awards ceremony held in Paris, France.
      Note- Lionel Messi won the FIFA Best Men’s player for the 2nd time and became the third player to receive the award twice, after Cristiano Ronaldo and Robert Lewandowski. He previously won the award in 2019.
      • Alexia Putellas won the award for the 2nd successive year for her exceptional 2021/22 season in which she captained Barcelona.

    8. Who was recently (in Feb ‘23) appointed as the Secretary General of Federation of Indian Chambers of Commerce and Industry (FICCI)?
      1) Rajiv Kumar
      2) Didar Singh
      3) Shailesh Pathak
      4) Dilip Chenoy
      5) Sanjaya Baru
      Answer-3) Shailesh Pathak
      On 27th February 2023, the Federation of Indian Chambers of Commerce and Industry (FICCI), India’s apex business chamber, announced the appointment of Shailesh Pathak as the new Secretary General of FICCI with effect from 1st March 2023. Shailesh Pathak succeeds Dilip Chenoy, who stepped down as Secretary General of FICCI in October 2022.
      i. FICCI also announced that Arun Chawla, Director General of FICCI, will superannuate on 30th June 2023 and transition to an advisory role.
      ii. Shailesh Pathak started his career with ICICI and later in 2007 joined ICICI venture as the senior director. Later he joined firms including Bengaluru-based Bharatiya City Developers, Indonesia-based dialogue forum Business 20 (B20) and BRICS Business council among others.

    9. In February 2023, Indian Space Research Organisation (ISRO) conducted the flight acceptance hot test of the CE-20 cryogenic engine for which mission?
      1) Chandrayaan 3
      2) Shukrayaan 1
      3) Mangalyaan 2
      4) Gaganyaan 3
      5) Aditya L1
      Answer-1) Chandrayaan 3
      On 24th February 2023, the Indian Space Research Organisation (ISRO) successfully conducted the flight acceptance hot test of the CE-20 cryogenic engine that will power the Cryogenic Upper Stage of the LVM3 (Launch Vehicle Mark-3) for the Chandrayaan-3 Mission at the ISRO Propulsion Complex in Mahendragiri, Tirunelveli district in Tamil Nadu (TN).
      i. The Chandrayaan-3 mission is set to be launched by LVM3 from the Satish Dhawan Space Centre in Sriharikota (Andhra Pradesh) in June 2023.

    10. When was the Rare Disease Day 2023 observed across the globe with the theme of “Share Your Colours”?
      1) 24th February 2023
      2) 25th February 2023
      3) 26th February 2023
      4) 27th February 2023
      5) 28th February 2023
      Answer-5) 28th February 2023
      Rare Disease Day is annually observed across the globe on the last day of February, either 28th or 29th February (in case of leap year) to create awareness about rare diseases and ensure access to treatment and medical representation for individuals with rare diseases.
      • The 28th February 2023 marks the observance of the 16th Rare Disease Day.
      i. The theme of Rare Disease Day 2023 is “Share Your Colours”. This is the continuation of the 2022 theme.
      ii. Rare Disease Day was first launched by EURORDIS and its Council of National Alliances in 2008. The day was 1st celebrated on 29th February 2008 in Europe and Canada.
      iii. 29th February was selected for celebrating Rare Disease Day as it is a rare day that comes once every 4 years.