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Current Affairs Quiz: 16 March 2023

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AffairsCloud brings you the complete and important daily Current Affairs Quiz 16 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. The Indian Army recently (March ’23) conducted the 13th edition of “Exercise Bold Kurukshetra 2023” in Jodhpur, Rajasthan, with which country’s army?
      1) Kyrgyzstan
      2) Singapore
      3) Bangladesh
      4) Indonesia
      5) Kazakhstan
      Answer-2) Singapore
      ‘Exercise Bold Kurukshetra 2023’, the 13th edition of a bilateral armour training exercise between India and the Singapore army, was held from March 6 to 13, 2023, at Jodhpur Military Station, Rajasthan, India.
      i. The exercise was hosted by the Indian Army and it involved soldiers from the 42nd Battalion, Singapore Armoured Regiment, and an Armoured Brigade of the Indian Army.
      ii. For the first time, both armies participated in a command post Exercise, which involved Battalion and Brigade level planning elements and computer wargaming.

    2. Which bank has recently (in March ‘23) collaborated with National Payments Corporation of India (NPCI) to launch the Rupay Credit Card through UPI (Unified Payments Interface) using the BHIM (Bharat Interface for Money) app?
      1) State Bank of India
      2) Bank of Maharashtra
      3) Canara Bank
      4) Punjab National Bank
      5) Indian Bank
      Answer-3) Canara Bank
      Canara Bank, in collaboration with National Payments Corporation of India (NPCI), has launched the Rupay Credit Card through UPI (Unified Payments Interface) using the BHIM (Bharat Interface for Money) app.
      i. This will enable the customers to link their active Rupay Credit Card to UPI and make merchant payments without the physical use of a card, similar to account-based UPI transactions.

    3. Which Mutual Fund(MF) has recently (in March ‘23) renamed the India 1st US Debt Exchange-Traded Fund (ETF) ‘IDFC US Treasury Bond 0-1 year Fund of Fund’?
      1) Axis MF
      2) SBI MF
      3) ICICI Prudential MF
      4) Bandhan MF
      5) HDFC MF
      Answer-4) Bandhan MF
      On 14th March 2023, the Bandhan Mutual Fund(MF) renamed the recently launched India’s First US Debt Exchange-Traded Fund (ETF) ‘IDFC US Treasury Bond 0-1 year Fund of Fund’ as ‘Bandhan US Treasury Bond 0-1 Year Fund of Fund’.
      • Bandhan MF has also announced the name change of all its scheme following the rebranding of the fund house IDFC MF as Bandhan MF.
      i. It is an open-ended fund of fund scheme investing in units/shares of overseas index funds and/or Exchange Traded Funds (ETF). The new fund offer (NFO) opened on March 10, 2023, and will close on March 23, 2023
      i. The fund provides investors a route to create a dollar asset that benefits from the relatively high quality, reasonable safety, and current high yield of US Treasuries.

    4. Name the Insurance company that has recently (in March ‘23) introduced a Sustainable Equity Fund to enable customers to maximize returns.
      1) PNB MetLife India Insurance
      2) MaxLife Insurance
      3) Kotak Mahindra Life Insurance
      4) ICICI Prudential Life Insurance
      5) HDFC Life Insurance
      Answer-1) PNB MetLife India Insurance
      PNB MetLife India Insurance Company Limited has introduced a Sustainable Equity Fund which is a part of the PNB MetLife Goal Ensuring Multiplier plan to enable customers to maximize returns, and directly contribute to a sustainable future.
      i. Under this PNB MetLife will invest their premiums in organizations that are creating the standard for Environmental, Social, and Governance (ESG) practices such as cutting carbon emissions, fostering diversity, equity, and inclusion, and upholding effective corporate governance.

    5. Which bank has recently (in March ‘23) launched industry-first co-branded credit card along with Flipkart Wholesale?
      1) Karnataka Bank
      2) ICICI Bank
      3) Kotak Mahindra Bank
      4) Axis Bank
      5) HDFC Bank
      Answer-5) HDFC Bank
      On March 15, 2023, HDFC Bank and Flipkart Wholesale, the B2B (Business To Business) platform of Flipkart Group, launched an industry-first co-branded credit card exclusively for Flipkart Wholesale members.
      i. The credit card will run on the Diners Club International network which is a part of the Discover Global Network. The card could be used in more than 200 countries around the world where Diners Club cards are accepted.
      ii. Under this partnership, the registered members of Flipkart Wholesale will be benefited by availing the industry first and highest cashback of 5% on Flipkart Wholesale online spending.

    6. Who has been recently (in March ‘23) appointed as the chairperson of Pension Fund Regulatory and Development Authority (PFRDA)?
      1) Supratim Bandyopadhyay
      2) Deepak Mohanty
      3) Pramod Kumar Singh
      4) R. V. Verma
      5) Badri Singh Bhandari
      Answer-2) Deepak Mohanty
      Deepak Mohanty, the whole-time member (Economics) of Pension Fund Regulatory and Development Authority (PFRDA), was appointed as the Chairperson of PFRDA with effect from the date of assumption of charge till attaining the age of 65 or until further orders.
      • The order of appointment was issued by the Department of Financial Services (DFS), Ministry of Finance.
      • He succeeds Supratim Bandypadhyay whose tenure as Chairman of PFRDA ended in January 2023.
      i. He has also served as the head of the Monetary Policy Department in the RBI.
      ii. Mamta Shankar, IES (1993), Senior Economic Advisor in the Department of Food and Public Distribution, Ministry of Consumer Affairs, Food and Public Distribution, was appointed as the Whole-Time Member (economics) in PFRDA.

    7. Name the Indian Cricket player who was recently (in March ‘23) appointed as the Brand Ambassador of Viacom18.
      1) Mahendra Singh Dhoni
      2) Suryakumar Yadav
      3) KL Rahul
      4) Virat Kohli
      5) Rohit Sharma
      Answer-1) Mahendra Singh Dhoni
      Former captain of the Indian Cricket Team and 4-time Indian Premier League (IPL) champion (Chennai Super Kings), Mahendra Singh Dhoni (MS Dhoni), has been appointed as the brand ambassador of Viacom18 Media Private Limited, Mumbai-based media company.
      i. As the brand ambassador, MS Dhoni will participate in several network initiatives featured on the JioCinema, Sports18 and his social media accounts. He will also feature on JioCinema’s IPL Campaign.

    8. In March 2023, Mangalam Ramasubramanian Kumar resigned as the Chairman for which company?
      1) Aditya Birla Housing Finance Limited
      2) Housing Development Finance Corporation Limited
      3) Tata Capital Housing Finance Limited
      4) PNB Housing Finance Limited
      5) LIC Housing Finance Limited
      Answer-5) LIC Housing Finance Limited
      Mangalam Ramasubramanian Kumar (M. R. Kumar), Chairman of LIC Housing Finance Limited (LIC HFL), has tendered his resignation from the Board of the company, effective upon attainment of superannuation on 13th March 2023.
      i. He also served as the Chairman of the Life Insurance Corporation (LIC) from March 2019 to March 2023. His term as chairman had been extended twice. First, the government extended his term from 30 June 2021 to 13 March 2022, and then till 13 March 2023.

    9. When was World Consumer Rights Day (WCRD) 2023 observed across the globe with the theme of “Empowering consumers through clean energy transitions”?
      1) 13th March 2023
      2) 15th March 2023
      3) 12th March 2023
      4) 14th March 2023
      5) 11th March 2023
      Answer-2) 15th March 2023
      World Consumer Rights Day (WCRD) 2023 was observed across the globe on 15th March 2023 with the theme of “Empowering consumers through clean energy transitions”.
      • Annually, World Consumer Rights Day is coordinated by Consumers International, a membership organisation for consumer groups around the world.
      i. World Consumer Rights Day was 1st marked on 15th March 1983 and has been annually observed on March 15.

    10. In March 2023, Sukhvinder Singh Sukhu, Chief Minister (CM) of Himachal Pradesh (HP), presented the first and final instalment of the supplementary budget of Rs.______________ for the fiscal year 2023-24 (FY24)
      1) 20,023.21 crore
      2) 10,768.25 crore
      3) 9,654.10 crore
      4) 13,141.07 crore
      5) 15,679.76 crore
      Answer-4) 13,141.07 crore
      Sukhvinder Singh Sukhu, Chief Minister (CM) of Himachal Pradesh (HP) presented the first and final instalment of supplementary budget for 2022-23 in Vidhan Sabha (Himachal Pradesh Legislative Assembly) in Shimla, Himachal Pradesh.
      i. The Supplementary Demands for Grant aggregate to Rs 13,141.07 crore expenditure.
      ii. Rs 11,707.68 crore out of the total demand is under State Scheme and Rs 1,433.39 crore under Centrally Sponsored Schemes.