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Current Affairs Quiz: 17 March 2023

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AffairsCloud brings you the complete and important daily Current Affairs Quiz 17 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 ‘5-day Yaoshang Festival 2023’ was celebrated in March 2023?
      1) Arunachal Pradesh
      2) Assam
      3) Meghalaya
      4) Manipur
      5) Himachal Pradesh
      Answer-4) Manipur
      Yaoshang Festival, one of the major festivals of Manipur, very similar to Holi, is annually celebrated during the full moon of Lamta month of the Meitei lunar calendar. The 5-day Yaoshang Festival usually falls in the month of February or March.
      i. Yaoshang Festival 2023 is celebrated from 7th March to 11th March 2023.
      ii. The festival is celebrated by the Meitei people who are predominantly Hindu.

    2. In March 2023, the BhumChu festival (Buddhist festival) was celebrated in which state?
      1) Assam
      2) Odisha
      3) West Bengal
      4) Tripura
      5) Sikkim
      Answer-5) Sikkim
      BhumChu festival (Buddhist festival) is an auspicious and age-old event observed annually at Tashiding monastery, Sikkim, with great faith and divinity by devotees from across the state and nearby areas, including Bhutan and Nepal.
      i. Bhumchu is celebrated on the 14th and 15th day of the 1st month of the Tibetan lunar calendar, around February – March.
      ii. BhumChu festival 2023 is celebrated at the Tashiding Monastery in West Sikkim on 7th March 2023.

    3. Which country’s Central Bank has recently (in March ‘23) inked an MoU with Reserve Bank of India (RBI) to promote collaboration and facilitate innovation in financial products and services?
      1) United States of America
      2) Indonesia
      3) United Arab Emirates
      4) France
      5) Bangladesh
      Answer-3) United Arab Emirates
      On March 15, 2023, a Memorandum of Understanding (MoU) has been inked between Reserve Bank of India (RBI) and the Central Bank of the United Arab Emirates (CBUAE) in Abu Dhabi, United Arab Emirates (UAE) to promote collaboration and facilitate innovation in financial products and services.
      • This will include sharing knowledge and technical collaboration in the area of Fintech.
      i. Both central banks will collaborate on areas of FinTech, especially Central Bank Digital Currencies (CBDCs) and explore interoperability between the CBDCs of CBUAE and RBI.
      ii. Both sides will carry out proof-of-concept (PoC) and pilot(s) of bilateral CBDC bridge to facilitate cross-border CBDC transactions of remittances and trade.

    4. Which bank has recently (in March ‘23) unveiled “Startup Ecosystem Banking,” to offer digital and physical solutions to meet all of the banking needs of startups?
      1) YES Bank
      2) ICICI Bank
      3) HDFC Bank
      4) Kotak Mahindra Bank
      5) Axis Bank
      Answer-2) ICICI Bank
      ICICI Bank Limited (ICICI Bank) has unveiled “Startup Ecosystem Banking”, a comprehensive suite of digital and physical solutions to meet all of the banking needs of startups at various stages of development.
      • The “Startup Ecosystem Banking” solution includes personal banking services for founders and employees, as well as treasury and transaction banking solutions, lending solutions, digital integrations, handling Foreign Direct Investment (FDI), and regulatory compliance.

    5. Name the organisation that has recently (in March ‘23) signed a loan agreement worth USD 500 million with GoI for the construction of the Green National Highway Corridors Project (GNHCP) in four Indian States.
      1) European Bank for Reconstruction and Development
      2) Asian Development Bank
      3) International Monetary Fund
      4) World Bank
      5) Asian Infrastructure Investment Bank
      Answer-4) World Bank
      Union Minister Nitin Gadkari, Ministry of Road Transport and Highways (MoRTH), briefed about the loan agreement signed between the Government of India (GoI) and the World Bank for the construction of the Green National Highway Corridors Project (GNHCP) in four States such as Himachal Pradesh, Rajasthan, Uttar Pradesh and Andhra Pradesh in an aggregate length of 781 km with loan assistance of USD 500 million against the total project cost of USD 1288.24 million (Rs. 7,662.47 crore).
      • The project intends to deploy a safe and green highway using green technologies and climate resilience methodology.

    6. Which Insurance has recently (in March ‘23) launched 3 new plans under the Digit Health Insurance policy?
      1) ICICI LOMBARD General Insurance
      2) Go Digit General Insurance
      3) HDFC ERGO General Insurance
      4) Bajaj Allianz General Insurance
      5) Reliance General Insurance
      Answer-2) Go Digit General Insurance
      Go Digit General Insurance has launched 3 new plans under the Digit Health Insurance policy – ‘Digit Double Wallet plan, Digit Infinity Wallet plan, and Digit Worldwide Treatment plan’ to cater to the post-pandemic health needs of people
      i. All three plans will offer complimentary health check-ups, personal accident cover, psychiatric illness cover, organ donor cover and bariatric surgery cover.

    7. Who was recently (in March ‘23) named as the “Governor of the Year” for 2023 at the 10th Central Banking Awards?
      1) Mario Marcel (Chile)
      2) Victoria Rodriguez (México)
      3) Margarita Delgado (Spain)
      4) Mark Carney (England)
      5) Shaktikanta Das (India)
      Answer-5) Shaktikanta Das (India)
      On 15th March 2023, Shaktikanta Das, Governor of the Reserve Bank of India (RBI), was named the “Governor of the Year” for 2023 at the Central Banking Awards 2023 by Central Banking, the international economic research journal.
      • 2023 marks the 10th annual Central Banking Awards.
      i. The National Bank of Ukraine won the Central bank of the year for the effort by its staff to cope with the impact of the war and keep the economy functioning.
      ii. For his efforts to strengthen the banking sector, Shaktikanta Das was conferred the “Central Banker of the Year, Asia-Pacific 2020” award from the London-based magazine “The Banker”.

    8. Name the personality who was recently (in March ‘23) appointed as the UN Resident Coordinator in Tajikistan by United Nations Secretary-General Antonio Guterres.
      1) Kavilmadam Ramaswami Parvathy
      2) Kama Malhotra
      3) Zia Choudhury
      4) Roy Trivedy
      5) Tapan Mishra
      Answer-1) Kavilmadam Ramaswami Parvathy
      The United Nations (UN) Secretary-General Antonio Guterres has appointed Kavilmadam Ramaswami Parvathy (K. R. Parvathy) of India, as UN Resident Coordinator in Tajikistan with the approval of the host government.
      • She took up her post as UN Resident Coordinator in Tajikistan on 15th March 2023.
      i. Prior to her appointment as UN Resident Coordinator, K. R. Parvathy served as Representative and Country Director for the UN World Food Programme (WFP) in Türkiye.

    9. In March 2023, Premchand Aggarwal, Finance Minister of Uttarakhand, presented the state budget of Rs.______________ for the fiscal year 2023-24 (FY24).
      1) 56,984.01 crores
      2) 49,093.56 crores
      3) 60,129.08 crores
      4) 82,345.96 crores
      5) 77,407.08 crores
      Answer-5) 77,407.08 crores
      The Finance Minister of Uttarakhand Premchand Aggarwal presented a budget with a total income expenditure of Rs 77,407.08 crores for fiscal year 2023-24 (FY24) at Bhararisain, the summer capital of the State located in Chamoli district’s Gairsain tehsil.
      i. The largest allocation of Rs 10,459.55 crore is made for education, sports, youth welfare, and culture.
      ii. About Rs 40 crores have been allocated for Chief Minister Swarojgar Yojana (Self Employment Scheme) for FY24.
      iii. A total allocation of Rs 1,251crore has been made for the electricity department.

    10. Which state recently (in March ‘23) launched ‘Resham Keet Bima’ scheme, India’s 1st silkworm insurance scheme for sericulturists?
      1) Assam
      2) Gujarat
      3) West Bengal
      4) Uttarakhand
      5) Karnataka
      Answer-4) Uttarakhand
      Ganesh Joshi, Agriculture Minister of Uttarakhand, launched ‘Resham Keet Bima’ scheme, India’s first programme to safeguard sericulturists. With this launch, Uttarakhand became the first Indian state to launch a Silkworm Insurance Scheme under which crop insurance will be provided to all farmers cultivating silkworms to produce silk.
      • This insurance will save the farmers from bearing the loss of natural calamities.
      • It is implemented and managed by Saral Krishi Beema.
      i. Under the pilot project of the scheme, 200 sericulturists from five blocks of four districts — Dehradun, Haridwar, Udham Singh Nagar and Nainital have been insured from the ill effects of climate change, scarcity of water and other hazards.