Current Affairs Quiz: 16 March 2022

AffairsCloud brings you the complete and important daily Current Affairs 16 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 16 March 2022

1. In March 2022, the Ministry of Environment, Forest and Climate Change and the Ministry of Jal Shakti released Detailed Project Report (DPR) on the Rejuvenation of 13 Major Rivers through Forestry Interventions.
   Which of the following river is not in the Detailed Project Report (DPR)?
   1) Brahmaputra River
   2) Yamuna River
   3) Krishna River
   4) Ganga River
   5) Jhelum River

   Answer & Explanation

   Answer-4) Ganga River
   Explanation:
   The Ministry of Environment, Forest and Climate Change and the Ministry of Jal Shakti under the Government of India (GoI) aimed to create a Detailed Project Report (DPR) on the Rejuvenation of 13 Major Rivers through Forestry Interventions to contribute towards the livelihood of terrestrial and aquatic biota.
   i. The following 13 rivers are Jhelum, Chenab, Ravi, Beas, Sutlej, Yamuna, Brahmaputra, Luni, Narmada, Godavari, Mahanadi, Krishna, and Cauvery.
   ii. The DPRs were funded by National Afforestation & Eco-development Board, MoEF&CC and it is prepared by Indian Council of Forestry Research & Education(ICFRE), Dehradun.
   
   
2. In March’22, “Nagendra Nath Sinha” chaired the ‘Captive Employer’ initiative during the webinar on Captive Employment Policy under Deen Dayal Upadhyaya Grameen Kaushalya Yojana.
   The “Captive Employer initiative” is financed by which ministry?
   1) Ministry of Rural Development
   2) Ministry of Agriculture & Farmers Welfare
   3) Ministry of Panchayati Raj
   4) Ministry of Women and Child Development
   5) Ministry of Home Affairs

   Answer & Explanation

   Answer-1) Ministry of Rural Development
   Explanation:
   Union Rural Development Secretary Shri Nagendra Nath Sinha Promoted the first of its kind initiative ‘Captive Employer’ during the webinar on Captive Employment Policy under Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY) which was chaired by him to provide employment support to rural youth.
   i. The Captive Employer initiative is financed by the Ministry of Rural Development (MoRD).
   ii. As per the DDU-GKY Capital Employment guidelines, the training courses will be provided as per their requirement to train the candidates with a minimum of 576 hours and a maximum of 2304 hours of skilling.
   iii. It is a first of its kind Initiative and provides impetus to the DDU-GKY programme, assuring post-training placement of candidates for a minimum of six months with a minimum CTC of Rs 10,000/-.
   
   
3. Which state government’s IT ministry recently (in March ’22) launched India’s 1st ever digital water databank, “AQVERIUM”?
   1) Andhra Pradesh
   2) Tamil Nadu
   3) Telangana
   4) Kerala
   5) Karnataka

   Answer & Explanation

   Answer-5) Karnataka
   Explanation:
   The Information Technology (IT) Minister of Karnataka, Chikkakalya Narayanappa Ashwath Narayan (C N Ashwath Narayan) launched India’s 1st ever digital water databank ‘AQVERIUM’ in Bengaluru, Karnataka.
   i. AQVERIUM is an initiative of the Bengaluru-headquartered Digital Startup – AquaKraft Digital Ventures Pvt Ltd, a newly formed subsidiary of AquaKraft Projects Private Limited , the flagship company of AquaKraft Group Ventures.
   ii. AquaKraft Group Ventures is offering a unique social franchising model to create ‘water entrepreneurs’ with an objective to make India ‘Water Positive’ by 2030.
   
   
4. Which small finance bank (SFB) recently (in March’22) launched the industry’s first digital onboarding facility for its micro banking customers?
   1) Ujjivan SFB
   2) Equitas SFB
   3) A U SFB
   4) Capital SFB
   5) Utkarsh SFB

   Answer & Explanation

   Answer-1) Ujjivan SFB
   Explanation:
   The Ujjivan Small Finance Bank (USFB) launched Industry’s first digital onboarding facility for its micro banking customers through its ‘Ujjivan SFB Assisted’ app.
   i. The Ujjivan SFB Assisted app provides the facility to update mobile numbers for individual banking transactions through paperless and secured manner.
   About Ujjivan Small Finance Bank:
   Chief Executive Officer (CEO) & MD- Ittira Davis
   Tagline- Build a Better Life
   Headquarter-Bengaluru, Karnataka
   
   
5. Name the bank that recently (in March ’22) launched co-branded credit cards with Emirates Skywards.
   1) IndusInd Bank
   2) Axis Bank
   3) YES Bank
   4) ICICI Bank
   5) HDFC Bank

   Answer & Explanation

   Answer-4) ICICI Bank
   Explanation:
   ICICI Bank has announced a tie-up with Emirates Skywards, a loyalty programme of Emirates and flydubai, to launch a range of co-branded credit cards named “Emirates Skywards ICICI Bank Credit Card”, an exclusive card for avid travellers that gives them access to unmatched luxury and comfort.
   i. ICICI bank is the first Indian bank to partner with Emirates Skywards, to offer an exclusive range of credit cards in India.
   ii. The co-branded credit cards are powered by Visa as the network partner and available in three variants:
   • Emirates Skywards ICICI Bank Emeralde Credit Card
   • Emirates Skywards ICICI Bank Sapphiro Credit Card
   • Emirates Skywards ICICI Bank Rubyx Credit Card’.
   
   
6. As per Bloomberg’s data on Market capitalization (M-Cap) in March 2022, India ranked ______ with an overall M-Cap of USD 3.21 trillion while ________ tops the ranking with M-Cap of USD 47.32 trillion.
   1) 3rd; US
   2) 4th; China
   3) 5th; US
   4) 4th; UK
   5) 5th; China

   Answer & Explanation

   Answer-3) 5th; US
   Explanation:
   As per Bloomberg’s recent data on Market capitalization, for the 1st time, India‘s equities market has entered the world’s top 5 in terms of market capitalization. India is ranked 5th with an overall market capitalization of USD 3.21 trillion. India has climbed two positions, despite a 7.4% drop in its market cap.
   i. The US tops the ranking with an overall market cap of USD 47.32 trillion, followed by China (USD 11.52 trillion), Japan (USD 6 trillion) and Hong Kong (USD 5.55 trillion). The total world market cap stands at USD 109.22 trillion.
   ii. India’s market cap has surpassed the United Kingdom (UK) ranked 6th with an M-Cap of USD 3.19 trillion.
   
   
7. Name the bank that recently (in March ’22) won the Asian Bank of the Year 2021 & India Bond House at the IFR Asia Awards 2021.
   1) HDFC Bank
   2) RBL Bank
   3) South Indian Bank
   4) Axis Bank
   5) ICICI Bank

   Answer & Explanation

   Answer-4) Axis Bank
   Explanation:
   Axis Bank, India’s third-largest private sector bank, was adjudged as the Asian Bank of The Year 2021 and India Bond House at the IFR Asia Awards 2021. The awards are organised by IFR Asia, a Hong Kong-based provider of capital markets intelligence.
   i. Axis Bank has been honoured with the Asian Bank of The Year 2021 for its breadth of coverage and depth of expertise in the Asian investment banking space.
   ii. Other Awardees: Morgan Stanley has been honoured with the Bank of the year award at the IFR Asia Award 2021 and the JSW Group has been awarded with the Issuer of the year award.
   
   
8. Ashwani Bhatia was recently (in March ’22) appointed as a whole-time member of the Securities and Exchange Board of India (SEBI) for 3 years.
   Ashwani Bhatia is the Managing Director (MD) of __________ Bank.
   
   1) State Bank of India
   2) Punjab National Bank
   3) Bank of India
   4) Bank of Baroda
   5) Bank of Maharashtra

   Answer & Explanation

   Answer-1) State Bank of India
   Explanation:
   The Appointments Committee of Cabinet (ACC) has approved the appointment of Ashwani Bhatia, Managing Director (MD) (Corporate Banking & Global Markets) of State Bank of India (SBI), as the whole-time member (WTM) of the Securities and Exchange Board of India (SEBI) for a period of 3 years from the date of assumption of charge of the post, or until further orders, whichever is earlier.
   i. The other two whole time members on the board of SEBI are SK Mohanty and Ananta Barua.
   
   
9. Union Minister Giriraj Singh released an e-book on land governance reforms named “Empowering Citizens- Powering India”.
   Giriraj Singh is union minister of which ministries?
   
   1) Ministry of Housing and Urban Affairs
   2) Ministry of Panchayati Raj
   3) Ministry of Rural Development
   4) Both 1 & 2
   5) Both 2 & 3

   Answer & Explanation

   Answer-5) Both 2 & 3
   Explanation:
   Union Minister of Rural Development and Panchayati Raj, Giriraj Singh has released an e-book on Land Governance Reforms titled “Empowering Citizens-Powering India”.
   i. The book highlights information related to Unique Land Parcel Identification Number (ULPIN), National Generic Document Registration System (NGDRS) and Multilingual Land Records – to break the linguistic barrier in land records.
   ii. In an attempt to advertise the digitization of land records, an exclusive multilingual software for land records will be launched in April 2022 by the Department of Land Resources, Ministry of Rural Development.
   
   
10. Which of the following points are correct with respect to the World Consumer Rights day 2022?
    1) World Consumer Rights Day 2022 was observed across the globe on 14th March with the theme of “The Sustainable Consumer”.
    2) On the occasion of World Consumer Rights Day 2022, Consumers International is hosting the first-ever Fair Digital Finance Forum from 14th March to 18th March.
    3) Department of Consumer Affairs (India) organising “Consumer Empowerment Week” from 14th to 20th March 2022 to celebrate and commemorate 75 years of India.
    4) Both 1 & 2
    5) Both 2 & 3

    Answer & Explanation

    Answer-5) Both 2 & 3
    Explanation:
    World Consumer Rights Day 2022 was observed across the globe on 15th March with the theme of “Fair Digital Finance”.
    i. On the occasion of World Consumer Rights Day 2022, Consumers International is hosting the first-ever Fair Digital Finance Forum, March 14–18.
    ii. The Department of Consumer Affairs, Ministry of Consumer Affairs, Food & Public Distribution (MoCAF&PD), Government of India is organising “Consumer Empowerment Week” from 14th to 20th March 2022 to celebrate and commemorate 75 years of progressive India during the Azadi Ka Amrit Mahotsav.