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Current Affairs Quiz: 25 & 26 June 2023

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AffairsCloud brings you the complete and important daily Current Affairs Quiz 25 & 26 June 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 June 2023 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.

    1. Indian Railways has recently (in June ‘23) announced a plan to introduce India’s first hydrogen train, expected to start operating from _________ (district) by March 2024.
      1) Jind (Haryana)
      2) Amravati (Maharashtra)
      3) Jamnagar (Gujarat)
      4) Balangir (Odisha)
      5) Burdwan (West Bengal)
      Answer-1) Jind (Haryana)
      Explanation:
      Indian Railways is set to introduce its first hydrogen train, expected to start operating from Jind district in Haryana by March 2024. The first prototype of the hydrogen train is scheduled to run between the Jind-Sonipat (Haryana) Section of Northern Railway in the fiscal year 2023-2024.
      i. India’s first hydrogen plant is being established near the railway junction in Jind (Haryana) district, in order to support this initiative.
      ii. The hydrogen plant is in its final phase of development and is expected to be completed by December 2023.

    2. Name the country that has recently (in June ‘23) signed Mutual Recognition Arrangement (MRA) with India for authorised economic operators (AEOs).
      1) Australia
      2) United Kingdom
      3) United Arab Emirates
      4) United States of America
      5) Indonesia
      Answer-3) United Arab Emirates
      Explanation:
      On 23rd June 2023, India and United Arab Emirates (UAE) signed Mutual Recognition Arrangement (MRA) for authorised economic operators (AEOs) of both countries on sidelines of the 141st/142nd sessions of World Customs Organization(WCO) Customs Co-operation Council meeting, in Brussels, Belgium.
      i. The agreement is signed to promote greater trade facilitation and ease of doing business between the 2 countries.
      ii. By recognizing the AEO status India and the UAE seek to streamline and quicken customs procedures, reducing administrative burden and costs for authorised businesses.

    3. According to the Global Startup Ecosystem Report 2023 (GSER 2023) released by Startup Genome in June 2023, Bengaluru, Karnataka startup ecosystem positioned in the _______rank globally, while _____________ remained at the top ecosystem in the GSER 2023.
      1) 18th; London (United Kingdom)
      2) 16th; Silicon Valley (United States)
      3) 20th; London (United Kingdom)
      4) 18th; Tel Aviv (Israel)
      5) 20th; Silicon Valley (United States)
      Answer-5) 20th; Silicon Valley (United States)
      Explanation:
      According to the Global Startup Ecosystem Report 2023 (GSER 2023) released by policy advisory and research firm Startup Genome, Indian ecosystems continue to rise, with Bengaluru (Karnataka) startup ecosystem positioned to the 20th spot, moving two places from 2022.
      • Mumbai (Maharashtra) moved up five places to 31st position and Delhi moved up two places to 24th position respectively in the Global Startup Ecosystem list 2023.
      • Among the emerging ecosystems, Pune (Maharashtra) has moved into the 31-40 range in 2023, from 51–60 in 2022.
      i. Silicon Valley(United States) remained at the top ecosystem in the GSER 2023 followed by New York City(United States) and London(United Kindgdom) tied at 2nd position. They are maintaining the top three positions from 2020.

    4. Name the close-ended life insurance plan that has recently (in June ‘23) launched by Life Insurance Corporation of India (LIC) to offer a combination of protection and savings.
      1) Jeevan Azad
      2) Jeevan Anand
      3) Dhan Sanchay
      4) Dhan Vridhhi
      5) Bima Jyoti
      Answer-4) Dhan Vridhhi
      Explanation:
      The Life Insurance Corporation of India (LIC) launched the non-linked, non-participating, individual, savings, single-premium, close-ended life insurance plan, named ‘Dhan Vridhhi’ to offer a combination of protection and savings.
      • The plan was available for sale from June 23 to September 30, 2023.
      i. Options to choose: Under the plan, the proposer has two options to choose i.e. the ‘Sum Assured on Death’ could either be 1.25 times (Option 1) or 10 times (Option 2) the Tabular Premium for the chosen Basic Sum Assured.
      ii. Features:
      • Term – The plan is available for 10, 15 or 18 years of term.
      • Age – The minimum age at entry varies from 90 days to 8 years, depending upon the term selected. The maximum age at entry varies from 32 to 60 years, depending upon the term and option selected.
      • The Minimum Basic Sum Assured is Rs 1,25,000 and one can opt for higher basic sum assured in multiples of Rs 5,000.

    5. Which insurance company has recently (in June ‘23) launched ‘Nishchit Pension Plan’, a comprehensive retirement solution?
      1) Aditya Birla Sun Life Insurance
      2) Max Life Insurance
      3) SBI Life Insurance
      4) HDFC Life Insurance
      5) Bajaj Allianz life Insurance
      Answer-1) Aditya Birla Sun Life Insurance
      Explanation:
      Aditya Birla Sun Life Insurance Company Limited (ABSLI), the life insurance subsidiary of Aditya Birla Capital Limited (ABCL), has announced the launch of ‘Nishchit Pension Plan‘ , a comprehensive retirement solution. It is a non-linked, non-participating individual pension plan for retirement.
      • It helps in accumulating 100% guaranteed corpus, to secure an uninterrupted income.
      i. ABSLI’s Nishchit Pension Plan enables the policyholders to customize the plans according to their retirement goals, by providing Premium Payment Term (PPT) & Policy Term (PT) options.
      ii. It will offer returns on premiums invested, loyalty additions depending on premium and its term, provided the policy is in-force and all due premiums have been paid.

    6. Name the bank that has recently (in June ‘23) partnered with the Manipal Technologies Limited (MTL) to offer Customised Banking Products.
      1) Canara Bank
      2) Bank of Maharashtra
      3) Indian Bank
      4) Bank of Baroda
      5) Bank of India
      Answer-3) Indian Bank
      Explanation:
      Manipal Technologies Limited (MTL), a multi-business enterprise, partnered with Indian Bank, a public sector bank to promote financial inclusion by offering customised banking products to empower millions of underserved individuals across India.
      i. As part of this association, MTL will work closely with Indian Bank to offer tailor-made banking products in rural locations and unlock their economic growth potential.
      ii. The partnership aims to build a sustainable network of Corporate Business Correspondents (CBCs) that will enhance the availability, affordability and accessibility of financial services, particularly in underserved markets and rural areas.

    7. Which of the following points is/are “correct” with respect to the Sahitya Akademi Bal Sahitya Puraskar 2023?
      A) The Executive Board of the Sahitya Akademi under the Ministry of Culture announced the 22 winners of Bal Sahitya Puraskar 2023.
      B) Rothindranath Goswami received Sahitya Akademi Bal Sahitya Puraskar 2023 for Chandpur Ki Chanda Short stories in Hindi Language.
      C) Sudha Murty received Bal Sahitya Puraskar 2023 for Grandparent’s Bag of Stories under story category in English Language.

      1) Only A
      2) Only A & B
      3) Only B & C
      4) Only A & C
      5) All A, B & C
      Answer-4) Only A & C
      Explanation:
      The Executive Board of the Sahitya Akademi, India’s National Academy of Letters, an autonomous organisation under the Ministry of Culture chaired by Madhav Kaushik, President, Sahitya Akademi declared Bal Sahitya Puraskar and Yuva Puraskar for the year 2023.
      Sahitya Akademi Bal Sahitya Puraskar 2023:
      • The Akademi announced 22 winners in the category and the award will be given for 1 Stories, 7 Short stories, 7 Novels, 1 Poetry and Stories, 1 Play, 1 Memoir and 4 Poetry.
      • Suryanath Singh received Sahitya Akademi Bal Sahitya Puraskar 2023 for Kotuk App Short stories in Hindi Language.
      • In Assamese Language, Rothindranath Goswami received Sahitya Akademi Bal Sahitya Puraskar 2023 for Novels called Powalmoni Aru Chichingar Duhxahaxik Abhijan
      • Sudha Murty received Bal Sahitya Puraskar 2023 for Grandparent’s Bag of Stories under story category in English Language.

    8. Name the Indian Institute of Technology (IIT) that has recently (in June ‘23) conducted a test flight/experiment for their cloud seeding project.
      1) IIT Bombay
      2) IIT Kanpur
      3) IIT Madras
      4) IIT Guwahati
      5) IIT Indore
      Answer-2) IIT Kanpur
      Explanation:
      On 21st June 2023, The Indian Institute of Technology, Kanpur (IIT-K), Uttar Pradesh (UP) successfully conducted a test flight/experiment for their cloud seeding project. It was a test of artificial rain through cloud seeding. The experiment was conducted with due approval from DGCA (Directorate General of Civil Aviation).
      • Cloud seeding is the process of enhancing the chance of precipitation by using different chemical agents like silver iodide, dry ice, salt, and other elements.
      i. In the experiment, a Cessna aircraft of IIT-K was flown from the airstrip of the Flight Laboratory of IIT Kanpur with cloud-seeding attachments and came back to the Flight Lab airstrip, after successfully completing the test ride.

    9. Which state’ s Department of Industries and Commerce has recently (in June ‘23) signed an agreement with the Open Network for Digital Commerce (ONDC) to improve the growth and visibility of public sector units (PSUs) offerings?
      1) Andhra Pradesh
      2) Tamil Nadu
      3) Kerala
      4) Gujarat
      5) Maharashtra
      Answer-3) Kerala
      Explanation:
      The Open Network for Digital Commerce (ONDC) signed a Memorandum of Understanding (MoU) with the Department of Industries and Commerce, Government of Kerala, to increase access and business opportunities in various sectors in Kerala by facilitating digital transformation.
      i. This collaboration holds huge potential for improving the growth and visibility of public sector units (PSUs) offerings and facilitating increased accessibility for consumers across Kerala.
      ii. Nine PSUs have already signed an agreement with ONDC and currently around 200 products of PSU’s are available on ONDC platform.

    10. Name the company that has recently (in June ‘23) integrated its seller app with Open Network for Digital Commerce (ONDC) to facilitate the onboarding of sellers.
      1) 5miles
      2) Shiprocket
      3) Dunzo
      4) Cashify
      5) Quikr
      Answer-2) Shiprocket
      Explanation:
      Shiprocket, India’s 106th unicorn and an e-commerce enablement platform has announced the integration of the “Shiprocket seller” app with Open Network for Digital Commerce (ONDC) to facilitate the on boarding of sellers on the ONDC network.
      i. With the help of Shiprocket’s seller app, the Shopify-powered stores of merchants will be discoverable on the network.
      ii. This integration aligns with Shiprocket’s mission to standardise e-commerce for merchants in BHARAT (India).