Current Affairs Quiz: 12 March 2022

AffairsCloud brings you the complete and important daily Current Affairs 12 March 2022 Quiz 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 March 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.

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Top 10 Questions Based on Current Affairs 12 March 2022

1. As per the SKOCH Governance Report Card for 2021, __________ retained its top position for the 2nd consecutive year under star state category.
   1) Gujarat
   2) Karnataka
   3) West Bengal
   4) Telangana
   5) Andhra Pradesh

   Answer & Explanation

   Answer-5) Andhra Pradesh
   Explanation:
   The SKOCH Group, a delhi-based think tank released the SKOCH Governance Report Card for 2021, in New Delhi ranking the states according to their performance in various projects at state, district and municipal level.
   Andhra Pradesh has retained its top position for the 2nd consecutive year and secured 1st in star state category whereas Telangana has shown good improvement by securing 6th position and entered into performer state category.
   
   
2. Which country recently signed an MoU with India and Nepal to implement BBIN Motor Vehicles Agreement to boost regional trade and people connectivity?
   1) Brazil
   2) Bangladesh
   3) Belgium
   4) Bahamas
   5) Bhutan

   Answer & Explanation

   Answer-2) Bangladesh
   Explanation:
   The nations of India, Bangladesh and Nepal finalized an enabling MoU for implementing the Bangladesh-Bhutan-India-Nepal (BBIN) Motor Vehicles Agreement (MVA) during a meeting held in New Delhi
   i. Bhutan was an observer and this MVA aims to boost regional trade and people-to-people connectivity by fostering greater sub-regional cooperation.
   ii. The Asian Development Bank (ADB) provided technical and knowledge support to the meeting.
   
   
3. Which institute recently (in March’22) signed an MoU with Bureau of Indian Standards (BIS) to establish the first ‘BIS Standardization Chair Professor’?
   1) IIT-Madras
   2) IIT-Delhi
   3) IIT-Kanpur
   4) IIT-Roorkee
   5) IIT-Kharagpur

   Answer & Explanation

   Answer-4) IIT-Roorkee
   Explanation:
   Indian Institute of Technology Roorkee (IIT-R) signs an MoU with the Bureau of Indian Standards (BIS). The agreement establishes the BIS Chair Professor in the field of Standardization and Conformity Assessment.
   i. This is the first Standardization Chair of BIS in an educational institution and will also provide financial support to IIT-R.
   About Bureau of Indian Standards:
   It is a statutory body established under the Bureau of Indian Standards Act, 2016. Director General-Pramod Kumar Tiwari
   Founded- 1986
   Headquarter- New Delhi
   
   
4. Which organization recently (in March’22) selected 150 school students for the “YUva VIgyani KAryakram” (YUVIKA) programme?
   1) DRDO
   2) NITI Aayog
   3) AICTE
   4) ISRO
   5) NCERT

   Answer & Explanation

   Answer-4) ISRO
   Explanation:
   A special programme for school students “YUva VIgyani KAryakram” (YUVIKA) or “Young Scientist Programme” is organized by the Indian Space Research Organization (ISRO). It will provide basic knowledge related to space technology, space science and space applications to young students, especially rural areas students.
   i. Under the YUVIKA-2022 residential programme, 150 students who are studying in Class IX as on March 1, 2022 will get selected across India from different schools. ISRO outlined the programme to “catch them young”.
   
   
5. Which bank recently (in March’22) signed an MoU with SELCO Solar Light Pvt Ltd. to provide energy access?
   1) Karnataka Bank
   2) Axis Bank
   3) ICICI Bank
   4) HDFC Bank
   5) South Indian Bank

   Answer & Explanation

   Answer-1) Karnataka Bank
   Explanation:
   Karnataka Bank Limited has signed an MoU with SELCO Solar Light Private Limited to provide energy access to the underserved population.
   i. Karnataka Bank will provide financial support through loans with a competitive interest rate for installing SELCO Solar energy products for both household and commercial use.
   About Karnataka Bank Limited:
   Establishment – 1924
   Headquarters – Mangalore, Karnataka
   Managing Director (MD) & CEO – Mahabaleshwara MS
   
   
6. At what percent does CRISIL Ratings retain India’s GDP growth for FY23?
   1) 6.3%
   2) 6.8%
   3) 7.6%
   4) 8.2%
   5) 7.8%

   Answer & Explanation

   Answer-5) 7.8%
   Explanation:
   CRISIL Ratings Limited, a domestic rating agency and a subsidiary of CRISIL Limited has reiterated its december 2021 forecast of India’s Gross Domestic Product (GDP) at 7.8% for FY23 despite the Russia-Ukraine war.
   i. CRISIL also highlighted that the average CPI based inflation will be at 5.4% in FY23 if the price of crude oil averages USD 85-90per barrel.
   ii. The higher price of crude oil will widen India’s Current Account Deficit (CAD) to 2.2 % in FY23 (i.e.) $10 increase in prices of crude oil increases the CAD to GDP ratio by about 40 basis points.
   
   
7. Name the bank that was recently (in March ’22) honoured with the “national award for outstanding performance for FY 2020–21” for its best performance in Self Help Group Bank Linkage.
   1) ICICI Bank
   2) HDFC Bank
   3) Jammu and Kashmir Bank
   4) South Indian Bank
   5) Karnataka Bank

   Answer & Explanation

   Answer-3) Jammu and Kashmir Bank
   Explanation:
   Giriraj Singh, Union Minister of Rural Development, honoured the Jammu and Kashmir Bank (J&K Bank) with the “National Award for Outstanding Performance for FY 2020-21” in recognition of its best performance in Self-Help Group Bank Linkage.
   i. Kirti Sharma, Zonal Head, Delhi, J & K Bank, accepted the award on the bank’s behalf from Union Minister Giriraj Singh.
   ii. The award was presented during the event organized as a part of International Women’s Day (8th March 2022) at Vigyan Bhavan, New Delhi, Delhi.
   About Jammu and Kashmir Bank (J&K Bank):
   MD&CEO- Baldev Prakash
   Headquarters– Srinagar, Jammu & Kashmir(J&K)
   Tagline– Serving to Empower
   
   
8. Who recently (in March’22) got appointed as the Chairperson of the National Financial Reporting Authority (NFRA) for a period of three years?
   1) Jai Krishan Singh
   2) Amit Kumar Jain
   3) Ashok Kumar Gupta
   4) Ajay Bhushan Pandey
   5) Rakesh Bhanot

   Answer & Explanation

   Answer-4) Ajay Bhushan Pandey
   Explanation:
   The Government of India has appointed Ajay Bhushan Pandey, former Finance & Revenue secretary of India, Ministry of Finance, as new Chairperson of the National Financial Reporting Authority (NFRA) for a period of three years from the date of assumption of charge or till he attains the age of 65 years.
   The ACC has also appointed 2 full-time members for NFRA,
   • Praveen Kumar Tiwari, former Deputy Comptroller and Auditor General, a retired Indian Audit and Accounts Service official.
   • Smita Jhingran, Principal Director General at Central Board of Direct Taxes, an Indian Revenue Service officer.
   
   
9. In March 2022, _______ became one of the stakeholders of India Debt Resolution Company Limited (IDRCL) by acquiring ________ of stake.
   1) UCO Bank; 3%
   2) Union Bank of India; 6%
   3) Bank of India; 5%
   4) Union Bank of India; 4%
   5) Bank of India; 3%

   Answer & Explanation

   Answer-1) UCO Bank; 3%
   Explanation:
   The UCO Bank became one of the stakeholders of India Debt Resolution Company Limited (IDRCL) by acquiring 3% of stake.
   i. According to the bank, its holding of 3% in IDRCL amounts to Rs.1.50 crores, requires no approval and the agreement is in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
   About UCO Bank:
   MD & CEO – Shri Soma Sankara Prasad
   Founded in – 1943
   Headquarters – Kolkata, West Bengal
   
   
10. Who recently (in March’22) got appointed as the Acting Chief Justice of Delhi High Court (HC)?
    1) Rajesh Bindal
    2) Munishwar Nath Bhandari
    3) Vipin Sanghi
    4) Aravind Kumar
    5) Dhirubhai Naranbhai Patel

    Answer & Explanation

    Answer-3) Vipin Sanghi
    Explanation:
    The President of India has appointed Justice Vipin Sanghi, the senior-most Judge of the Delhi High Court (HC) as its Acting Chief Justice according to Article 223 of the Constitution of India. The Department of Justice, Ministry of Law and Justice (MoL&J) issued a notification about his appointment on March 11, 2022.
    i. The incumbent Chief Justice of Delhi HC, Justice Dhirubhai Naranbhai Patel retires on his 62nd birthday i.e March 12, 2022.
    ii. Justice Vipin Sanghi will perform the duties of the office of the Chief Justice of Delhi High Court with effect from March 13, 2022.