AffairsCloud brings you the complete and important daily Current Affairs Quiz 12 May 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.
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.
- In May 2023, the Ministry of Finance (MoF) reduced the e-invoicing threshold for all business-to-business (B2B) transactions to _________ from Rs 10 crore with effect from 1st August, 2023.
1) Rs 5 crore
2) Rs 3 crore
3) Rs 4 crore
4) Rs 1 crore
5) Rs 2 croreAnswer-1) Rs 5 crore
Explanation:
The Ministry of Finance (MoF) reduced the threshold of the turnover of the companies that are mandated to generate electronic or e-invoicing for all business-to-business (B2B) transactions to Rs 5 crore (from Rs 10 crore) with effect from August 1, 2023.
i. Prevailing Case: Currently, businesses with a turnover of Rs 10 crore and above are generating e-invoice for all B2B transactions.
ii. It is a system of raising invoices, under which invoices generated by one software can be read by any other software, eliminating the need for any fresh data entry or errors. - Which edition of the India-Thailand Coordinated Patrol (Indo-Thai CORPAT) was recently (in May ’23) conducted in the Andaman Sea by the Indian Navy (IN) and the Royal Thai Navy (RTN)?
1) 33rd
2) 35th
3) 32nd
4) 34th
5) 36thAnswer-2) 35th
Explanation:
From May 3-10, 2023, the 35th edition of the India-Thailand Coordinated Patrol (Indo-Thai CORPAT) was conducted between the Indian Navy (IN) and the Royal Thai Navy (RTN) along the International Maritime Boundary Line (IMBL) in the Andaman Sea.
i. Aim of Exercise to reinforce maritime linkages between the two countries and ensure the safety and security of the international trade route in the Indian Ocean
ii. Participants:
• India: INS Kesari, an indigenously built LST (L) and Maritime Patrol Aircraft
• Thailand: His Thai Majesty’s Ship (HTMS) Saiburi, a Chao Phraya Class Frigate, along with Maritime Patrol Aircraft - Which bank has recently (in May ‘23) gone live with “Direct Tax Collections” through the new Tax Information Network (TIN2.0) portal?
1) South Indian Bank
2) ICICI Bank
3) HDFC Bank
4) RBL Bank
5) YES BankAnswer-4) RBL Bank
Explanation:
Mumbai (Maharashtra)-based RBL Bank, formerly known as Ratnakar Bank, has gone live with “Direct Tax Collections” on behalf of the Government of India (GoI) through the new Tax Information Network (TIN2.0) portal.
i. This is the 2nd such offering from the Bank, following its empanelment by the Reserve Bank of India (RBI) as an ‘Agency Bank’ to conduct banking business for the Central and State Governments.
ii. The Bank already offers customs duty collections through a direct interface through the Indian Customs Electronic Data Interchange Gateway (ICEGATE). - Name the personality who was recently (in May ‘23) appointed as the interim Chief Executive officer (CEO) and Managing Director (MD) of National Investment and Infrastructure Fund Limited (NIIFL).
1) Rajiv Dhar
2) Sujoy Bose
3) Ambalika Banerji
4) Padmanabh Sinha
5) Prakash RaoAnswer-1) Rajiv Dhar
Explanation:
The board of directors of National Investment and Infrastructure Fund Limited (NIIFL), a collaborative investment platform for international and Indian investors, anchored by the Government of India, has appointed Rajiv Dhar as the interim Chief Executive officer (CEO) and Managing Director (MD) of NIIFL, effective from May 11, 2023.
i. Rajiv Dhar succeeds Sujoy Bose, who has been serving as the MD and CEO of NIIFL since its inception in 2016.
ii. Rajiv Dhar, currently the Executive Director and Chief Operating Officer (COO) at NIIFL has been a part of NIIFL since 2017. He is also the designated Chief Risk Officer of NIIFL. - Who has recently (in May ‘23) elected as the 10th President of the Federation States of Micronesia (FSM)?
1) Peter Martin Christian
2) Wesley W Simina
3) David W. Panuelo
4) Emanuel Mori
5) Joseph UrusemalAnswer-2) Wesley W Simina
Explanation:
On 11th May 2023, Former Speaker Wesley W Simina was elected as the new and 10th President of the Federation States of Micronesia (FSM) during the 1st regular session of the 23rd FSM Congress in Micronesia.
• Wesley W Simina will succeed David W. Panuelo, the 9th President of the FSM.
• Prior to his presidential election, Wesley W Simina was the senator at-large for Chuuk State.
i. During the first day of the 23rd FSM Congress, Aren B. Palik was re-elected as vice president of FSM. He used to work in Congress as the Senator At-Large for Kosrae State. He has been Vice President of the FSM since September 2022. - In May 2023, Indian Space Research Organisation (ISRO) successfully conducted the first integrated test on an intermediate configuration of the 2000kN (Kilonewton) thrust Semi-cryogenic Engine at the ISRO Propulsion Complex (IPRC) in ____________.
1) Sriharikota, Andhra Pradesh
2) Thiruvananthapuram, Kerala
3) Mumbai, Maharashtra
4) Mahendragiri, Tamil Nadu
5) Chandipur, OdishaAnswer-4) Mahendragiri, Tamil Nadu
Explanation:
Indian Space Research Organisation (ISRO) successfully conducted the first integrated test on an intermediate configuration of the 2000kN (Kilonewton) thrust Semi-cryogenic Engine at the newly commissioned Semi-cryogenic Integrated Engine & Stage Test facility at the ISRO Propulsion Complex (IPRC) in Mahendragiri, Tamil Nadu.
i. The design and development of a Semi-cryogenic Engine were undertaken by the Liquid Propulsion Systems Centre (LPSC) of ISRO with Indian industry participation, and it works on a Liquid Oxygen (LOX)-Kerosene propellant combination which willpower the booster stages of future launch vehicles.
ii. This test has demonstrated the successful performance of the test facility, and Power Head Test Article (PHTA) in the first attempt. - How many medals was recently (in May ‘23) won by Indian Wushu athletes in the Moscow Wushu Stars Championship 2023 held in Russia?
1) 17
2) 10
3) 15
4) 12
5) 14Answer-1) 17
Explanation:
Indian Wushu athletes have won a total of 17 medals (10 gold, 4 silver and 3 bronze) at the Moscow Wushu Stars Championship 2023 held in Moscow, Russia from 2nd May to 8th May 2023.
i. The girls won the medals in the junior girls, sub-junior girls and senior girls categories across Sanda (Fight) and Taolu in Moscow, Russia
ii. On 9th May 2023, the Sports Authority of India (SAI) felicitated the 17 medal winners in the felicitation ceremony hosted by SAI in New Delhi, Delhi. Details of the Medal Winners. - In May 2023, Antonio Félix “Tota” Carbajal Rodríguez, who played as _________ (country)’s goalkeeper in 5 football World Cups, passed away.
1) Argentina
2) Mexico
3) France
4) Brazil
5) EnglandAnswer-2) Mexico
Explanation:
On 9th May 2023, Mexican football player Antonio Félix “Tota” Carbajal Rodríguez, who played as Mexico’s goalkeeper in 5 football World Cups passed away at the age of 93 in León, Mexico. He was born on 7th June 1929 in Mexico.
i. He was the first footballer to play in 5 FIFA (Fédération Internationale de football association) World Cups. He held the record for 32 years until Germany’s Lothar Matthaus equalled it in 1998.
ii. He played 47 games for the Mexican national team and appeared in World Cups in Brazil in 1950, Switzerland in 1954, Sweden in 1958, Chile in 1962 and England in 1966. - When was the National Technology Day 2023 observed across India with the theme of “School to Startups- Igniting Young Minds to Innovate”?
1) 9th May 2023
2) 7th May 2023
3) 10th May 2023
4) 8th May 2023
5) 11th May 2023Answer-5) 11th May 2023
Explanation:
National Technology Day 2023 was observed across India on 11th May 2023 with the theme of “School to Startups- Igniting Young Minds to Innovate”.
• 11th May 2023 marks the 25th year of National Technology Day.
i. The day also marks the anniversary of the Pokhran nuclear test (Pokhran II) code-named Operation Shakti, conducted on 11th May 1998 & the first National Technology Day was observed on 11th May 1999.
ii. PM Modi laid the foundation stone and dedicated to the nation multiple projects related to scientific and technological advancement in India worth more than Rs 5800 crore.
iii. PM Modi laid the foundation stone for the Laser Interferometer Gravitational Wave Observatory – India (LIGO-India), Hingoli, Maharashtra, Homi Bhabha Cancer Hospital and Research Centre, Jatni, Odisha & Platinum Jubilee Block of Tata Memorial Hospital, Mumbai, Maharashtra. - Name the Chief Minister who has recently (in May ‘23) launched Ayushman Asom Scheme under the Mukhya Mantri Jan Arogya Yojana (MMJAY).
1) Eknath Shinde
2) Mamata Banerjee
3) Himanta Biswa Sarma
4) Shivraj Singh Chouhan
5) Basavaraj BommaiAnswer-3) Himanta Biswa Sarma
Explanation:
Himanta Biswa Sarma, Assam Chief Minister launched Ayushman Asom Scheme under the Mukhya Mantri Jan Arogya Yojana (MMJAY), aimed at promoting accessible and affordable healthcare across Assam, during the event organised at Srimanta Sankardev Kalakshetra Auditorium in Guwahati, Assam.
i. Ayushman Asom-MMJAY is an initiative of the Department of Medical Education and Research, Government of Assam.
ii. The Ayushman Asom MMJAY scheme covers as many as 1,578 healthcare procedures in more than 300 empanelled hospitals within the state and all Ayushman Bharat-empanelled hospitals across the country.
- In May 2023, the Ministry of Finance (MoF) reduced the e-invoicing threshold for all business-to-business (B2B) transactions to _________ from Rs 10 crore with effect from 1st August, 2023.
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