AffairsCloud brings you the complete and important daily Current Affairs Quiz 25 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.
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- Name the ministry that has recently (in May ‘23) launched a massive campaign programme “Meri LiFE, Mera Swachh Shehar” to promote the RRRs (3Rs) of waste management.
1) Ministry of Jal Shakti
2) Ministry of Home Affairs
3) Ministry of Housing and Urban Affairs
4) Ministry of Rural Development
5) Ministry of Agriculture & Farmers Welfare
Answer & Explanation
Answer-3) Ministry of Housing and Urban Affairs
Explanation:
The Ministry of Housing and Urban Affairs (MoHUA) launched its massive campaign programme “Meri LiFE, Mera Swachh Shehar” to promote the RRRs (3Rs) of waste management: Reduce, Reuse, and Recycle.
• Citizens of urban India are actively refurbishing used objects for reuse, embracing the principles of creating “wealth” from waste. This is boosting the Swachh Bharat Mission-Urban 2.0’s (SBM-U) total zero-waste ecosystem.
i. This nationwide campaign aims to highlight cities to setup ‘RRR Centres, one stop collection centres, for citizens to contribute clothes, shoes, old books, toys and used plastic to be reused or recycled.
ii. The RRR Centres are scheduled to be launched nationwide on May 20, 2023
- In which state/Union Territory (UT), the Great Prayer Festival ‘Monlam Chenmo’ was held in May 2023?
1) Himachal Pradesh
2) Sikkim
3) Jammu and Kashmir
4) Assam
5) Ladakh
Answer & Explanation
Answer-5) Ladakh
Explanation:
Ladakh’s annual five-day group prayer camp of Buddhist monks and nuns named ‘Ladakh Monlam Chenmo 2023’ which is also called as Great Prayer Festival was held from May 11 to 16, 2023 in Leh (Ladakh) for world peace and happiness.
i. On the side-lines of the event, Member of Parliament (MP) for Ladakh Constituency Jamyang Tsering Namgyal lead a special camp named ‘Seva for Sangha’ for Sangha Community from May 11 to 16, 2023 at Leh in collaboration with district administration Leh.
ii. The camp is being organised for the first time for Sanga Community to avail benefits of different government schemes.
- As per the ‘Most Innovative Companies 2023: Reaching New Heights in Uncertain Times’ report released by the Boston Consulting Group (BCG) in May 2023, ___________ is the only Indian firm in the BCG list of the top 50 most innovative firms in 2023, securing the 20th position.
1) Tata Group
2) Adani Group
3) Infosys Limited
4) ITC Limited
5) Wipro Limited
Answer & Explanation
Answer-1) Tata Group
Explanation:
Boston Consulting Group (BCG) has released a report namely ‘Most Innovative Companies 2023: Reaching New Heights in Uncertain Times’ showcasing top 50 companies in 2023 that are most innovative in their operations. In this, Tata Group is the only Indian company to feature in this list at 20th position.
i. The list has been topped by Apple Inc., and followed by Tesla Inc., and Amazon.com, Inc. at 2nd and 3rd rank.
- Name the Insurance company that has recently (in May ‘23) launched ‘General Surety Bond Bima (Conditional & Unconditional)’ insurance product for infrastructure projects.
1) Bajaj Allianz General Insurance
2) Cholamandalam MS General Insurance
3) Reliance General Insurance
4) Future Generali India Insurance
5) SBI General Insurance
Answer & Explanation
Answer-5) SBI General Insurance
Explanation:
SBI General Insurance (SBIG), the non-life insurance arm of State Bank of India (SBI), launched ‘General Surety Bond Bima (Conditional & Unconditional)’ insurance product for infrastructure projects.
i. It will act as a security arrangement to provide protection for infrastructure projects and shield both the contractor and the principal (the entity awarding the contract).
ii. The Objective to provide protection against breach of terms and conditions by the contractors either during the bidding stage or during the performance stage of a project.
- Which bank has recently (in May ‘23) collaborated with Plotch to launch an Open Network for Digital Commerce (ONDC)-focused payment solution NodePe?
1) HDFC Bank
2) ICICI Bank
3) IDFC FIRST Bank
4) RBL Bank
5) YES Bank
Answer & Explanation
Answer-3) IDFC FIRST Bank
Explanation:
Plotch, the SaaS (Software as a Service) firm, in collaboration with IDFC FIRST Bank Limited, has launched an Open Network for Digital Commerce (ONDC)-focused payment solution NodePe.
i. The NodePe could be used to route the payments between buyer and seller apps based on transaction level contracts agreed upon by network participants.
ii. These contracts include payment settlement amount, period and bank details. NodePe also helped in reconciliation of the payments.
- Name the bank that has recently (in May’ 23) launched a first digital onboarding platform ‘Sarathi’ to enable easy installation of Point of Sale (POS) for merchants.
1) Axis Bank
2) ICICI Bank
3) HDFC Bank
4) YES Bank
5) IndusInd Bank
Answer & Explanation
Answer-1) Axis Bank
Explanation:
Axis Bank Ltd has launched ‘Sarathi’, a first of its kind digital onboarding platform to enable easy installation of Electronic Data Capture (EDC) or Point of Sale (POS) for merchants.
• Sarathi provides a seamless and hassle-free experience for merchants unlike the traditional onboarding process that can take several days.
• The solution ensures that all necessary documents are collected at one go, (avoiding multiple visits) and it provides quick installations of POS within 45 minutes of processing the application.
i. A point-of-sale (POS) terminal is a hardware system for processing card payments at retail locations. A software to read magnetic strips of credit and debit cards is embedded in the hardware.
- In May 2023, Bulgarian Writer Georgi Gospodinov and translator Angela Rodel won the International Booker Prize 2023 for _____________ (Book).
1) The physics of sorrow
2) The Story Smuggler
3) Time Shelter
4) And Other Stories
5) Natural Novel
Answer & Explanation
Answer-3) Time Shelter
Explanation:
Bulgarian Writer Georgi Gospodinov and translator Angela Rodel won the International Booker Prize 2023 for the dark comic novel titled “Time Shelter”. This becomes the first book originally written in Bulgarian (and translated into English) to win the International Booker Prize.
i. “Time Shelter” is Georgi Gospodinov’s third novel to be published in English and it was published by Weidenfeld & Nicolson, a British publisher of UK.
- In May 2023, Vijay Shekhar Sharma was re-appointed as the part-time Chairman of _________________ (Payment Bank).
1) India Post Payments Bank
2) Fino Payments Bank
3) Jio Payments Bank
4) Airtel Payments Bank
5) Paytm Payments Bank
Answer & Explanation
Answer-5) Paytm Payments Bank
Explanation:
Paytm Payments Bank Limited (PPBL), a part of Paytm, received approval from the Reserve Bank of India (RBI) for the re-appointment of Vijay Shekhar Sharma as part-time Chairman of PPBL for a period of 1 year starting from 23rd May 2023. This mark’s his 3rd term as the chairman of PPBL.
• Vijay Shekhar Sharma holds the rest of the stake (51%) in PPBL.
- Who was recently (in May ‘23) appointed as the Deputy Managing Director (DMD) of Industrial Development Bank of India (IDBI Bank) Bank?
1) Sushil Kumar Singh
2) T. N. Manoharan
3) Jayakumar S. Pillai
4) Rakesh Sharma
5) Manoj Sahay
Answer & Explanation
Answer-3) Jayakumar S. Pillai
Explanation:
The Board of Directors of Industrial Development Bank of India (IDBI) Bank Limited approved the appointment of Jayakumar S. Pillai as Deputy Managing Director (DMD) on the Board of IDBI for a period of 3 years with effect from the date of his taking charge as specified in the Reserve Bank of India’s (RBI) approval received in this regard.
i. Jayakumar S. Pillai is currently working as Chief General Manager and Circle Head in Canara Bank in Mumbai, Maharashtra.
- Which state government has recently (in May ‘23) signed an ordinance to bring strict Punishment for offence against healthcare professionals?
1) Maharashtra
2) Uttar Pradesh
3) Jharkhand
4) Kerala
5) Bihar
Answer & Explanation
Answer-4) Kerala
Explanation:
The Kerala Governor Arif Mohammed Khan signed the Kerala Healthcare Service Workers and Healthcare Service Institutions (Prevention of Violence and Damage to Property) Amendment Ordinance that brings in punishment for offences against health officials.
i. The Ordinance provides for stringent punishment for those found guilty of causing grievous bodily harm to doctors, medical students, and others working in the health services sector in Kerala.
• The punishment includes imprisonment ranging from one year to seven years and a fine of Rs 1 lakh to Rs 5 lakh.
• Anyone who commits or attempts to commit or incites or inspires an act of violence against healthcare workers or those working in healthcare institutions will face imprisonment ranging from 6 months to 5 years; and with a fine between Rs 50,000 to Rs 2 lakh.
- Name the ministry that has recently (in May ‘23) launched a massive campaign programme “Meri LiFE, Mera Swachh Shehar” to promote the RRRs (3Rs) of waste management.
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