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Current Affairs Quiz: 25 April 2023

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AffairsCloud brings you the complete and important daily Current Affairs Quiz 25 April 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. Name the company that has recently (in April ‘23) announced its plans to set up the First green hydrogen microgrid project in Leh Region (Ladakh).
      1) Uneecops Technologies Limited
      2) Adani Green Energy Limited
      3) Reliance Industries Limited
      4) Larsen & Toubro Limited
      5) GAIL (India) Limited
      Answer-1) Uneecops Technologies Limited
      Explanation:
      On 24th April 2023, Uneecops Technologies Limited, a Delhi-based company specialising in green hydrogen and solar development, announced its plans to set up the First green hydrogen microgrid project in Leh Region (Ladakh). This is a pioneering initiative that is expected to revolutionise sustainable energy solutions in the region and pave the way for similar projects in the future.
      i. The project involves setting up a 25kWe(Kilowatt-electric) green hydrogen-based fuel cell microgrid for a guest house located at the Power Station in Alchi, Leh, which is one of the most challenging terrains in India.
      ii. The electricity generation will be 200 units per day from the fuel cell (14 KG of hydrogen per day).

    2. In which state, the Rapid Action Mobile BSL-3 Advanced Augmented Network (RAMBAAN), India’s and Asia’s first mobile biosafety level-3 (BSL-3) laboratory were displayed at the G20 Meeting in April 2023?
      1) Uttar Pradesh
      2) Gujarat
      3) Maharashtra
      4) Goa
      5) Karnataka
      Answer-4) Goa
      Explanation:
      Rapid Action Mobile BSL-3 Advanced Augmented Network (RAMBAAN), India’s and Asia’s first mobile biosafety level-3 (BSL-3) laboratory, designed to investigate emerging viral infections was showcased at the G-20 (Group of 20) Health Working Group meeting held in Goa.
      • RAMBAAN will play a major role in dealing with the COVID-19 pandemic.
      • RAMBAA, equipped with a -20 degree and -80-degree refrigerator, bio-safety cabinets, an automatic Ribonucleic acid (RNA) extractor, and a real-time PCR( polymerase chain reaction) machine, can access the remotest part of India.

    3. Which of the following points is/are “correct” with respect to the ‘Trends In World Military Expenditure, 2022’ report released by the SIPRI (Stockholm International Peace Research Institute) in April 2023?
      A) World military expenditure grew for the 8th consecutive year in 2022 by 3.7% in real terms to an all-time high of US$2240 billion.
      B) India was the third largest spender in the world in 2022 with a military expenditure of USD 86.2 billion.
      C) The United States topped the List followed by China, second largest spender in the world.

      1) Only A
      2) Only A & B
      3) Only A & C
      4) Only B & C
      5) All A, B & C
      Answer-3) Only A & C
      Explanation:
      According to the SIPRI (Stockholm International Peace Research Institute) Fact Sheet April 2023 ‘Trends In World Military Expenditure, 2022’, World military expenditure grew for the 8th consecutive year in 2022 by 3.7% in real terms (i.e. when adjusted for inflation) to an all-time high of US$2240 billion.
      i. With a military expenditure of USD 81.4 billion, India was the fourth largest spender in the world in 2022. Its spending increased by 6.0% from 2021 and 47% from 2013.
      ii. The United States, China, Russia, India and Saudi Arabia, were the five biggest spenders in 2022, which together accounted for 63% of world military spending.
      iii. Total world military spending accounted for 2.2% of global gross domestic product (GDP) in 2022.

    4. Which of the following points is/are “correct” with respect to the 60th round of quarterly Order books, Inventories and Capacity Utilization survey (OBICUS) conducted by the Reserve Bank of India (RBI) in April 2023?
      A) In Q3FY23, New order book of companies recorded a decline to 8.4% indicating a slowdown in demand in the manufacturing sector.
      B) The Capacity Utilization (CU) at manufacturing facilities was at a robust 74.3% in Q3 FY23, up from 74% in Q2.
      C) The average inventory level of manufacturing companies increased slightly by 2.3% to Rs 519.9 crore in Q3FY23 from Rs 508.2 crore in Q2FY23.

      1) Only A
      2) Only A & B
      3) Only B & C
      4) Only A & C
      5) All A. B & C
      Answer-5) All A. B & C
      Explanation:
      The Reserve Bank of India (RBI) has conducted the 60th round of quarterly Order books, Inventories and Capacity Utilization survey (OBICUS) covering 762 manufacturing companies. It was conducted during Q3:2022-23 to provide a snapshot of demand conditions in India’s manufacturing sector during October-December 2022.
      i. In Q3FY23, New order book of companies recorded a decline to 8.4% indicating a slowdown in demand in the manufacturing sector.
      • The average amount of new order books has dipped from its peak of Rs 307.9 crore in Q2 FY23 to Rs 212.2 crore in Q3FY23.
      ii. Capacity Utilization (CU) at manufacturing facilities was at a robust 74.3% in Q3 FY23, up from 74% in Q2.
      iii. The average inventory level of manufacturing companies increased slightly by 2.3% to Rs 519.9 crore in Q3FY23 from Rs 508.2 crore in Q2FY23. The inventory levels were the highest during the pandemic in Q4 FY20 at Rs 609.9 crore.

    5. Which of the following banks has recently (in April ‘23) signed definitive agreements with Go Digit Life Insurance to pick up a 9.94% equity stake (each)?
      1) HDFC Bank
      2) Axis Bank
      3) ICICI Bank
      4) Both 1 & 2
      5) Both 1 & 3
      Answer-4) Both 1 & 2
      Explanation:
      On April 21, 2023, the two largest Private sector banks of India, HDFC Bank and Axis Bank signed the definitive agreements with insurance technology startup Go Digit Life Insurance to pick up each a 9.94% equity stake of the insurance firm for a payment of each Rs 69.90 crore, which will be made in two tranches.
      i. HDFC Bank: It has made the first tranche of payment of Rs 10.93 crore towards the acquisition of 9.94% equity stake.
      ii. Axis Bank: It has also made its 1st tranche of payment of Rs 10.93 crore towards the acquisition.

    6. In April 2023, the Reserve Bank of __________ is set to launch a gold-backed digital currency to serve as legal tender.
      1) Australia
      2) New Zealand
      3) Zimbabwe
      4) Denmark
      5) Fiji
      Answer-3) Zimbabwe
      Explanation:
      Reserve Bank of Zimbabwe (RBZ) is set to launch a gold-backed digital currency to serve as legal tender in Zimbabwe. This is an initiative of the government of Zimbabwe to stabilize the local currency from continued depreciation against the United States (US) dollar.
      i. This will allow small amounts of Zimbabwean dollars to be exchanged for the digital gold token, enabling more Zimbabweans to hedge against currency volatility.

    7. Who was recently (in April ‘23) sworn in as the 22nd president of Bangladesh?
      1) Mohammed (Md) Sahabuddin
      2) Muhammad Jamiruddin Sircar
      3) Mohammad Abdul Hamid
      4) Badruddoza Chowdhury
      5) Shahabuddin Ahmed
      Answer-1) Mohammed (Md) Sahabuddin
      Explanation:
      On 24th April 2023, a former judge, freedom fighter Mohammed (Md) Sahabuddin was sworn in as the 22nd president of Bangladesh in Durbar Hall of Bangabhaban, Dhaka in Bangladesh.
      i. Md Shahabuddin, the 73-year-old politician, an Awami League candidate, was elected uncontested on February 13 2023.
      ii. The 21st President of Bangladesh Md Abdul Hamid, the longest-serving president of Bangladesh will go on retirement after spending 10 years and 41 days as President for two consecutive terms, and according to the Constitution of Bangladesh, he cannot hold a third term.

    8. In April 2023, Shreekant M Bhandiwad took charge as the new Chairman of ________________ (Bank).
      1) RBL Bank
      2) Kotak Mahindra Bank
      3) IndusInd Bank
      4) Karnataka Vikas Grameena Bank
      5) ICICI Bank
      Answer-4) Karnataka Vikas Grameena Bank
      Explanation:
      Shreekant M Bhandiwad took charge as the new Chairman of the Karnataka Vikas Grameena Bank (KVGB), an Indian Regional Rural Bank sponsored by Canara Bank headquartered in Dharwad, Karnataka.
      i. Prior to the appointment, Shreekant M Bhandiwad was heading the Patna circle of Canara Bank, Bihar.
      ii. He succeeds Puttaganti Gopikrishna, who was serving as the Chairman of KVGB from 2019 to 2023. P Gopikrishna, repatriated to Canara Bank as Circle Head, Bengaluru, in Karnataka.

    9. When was the United Nations (UN) English Language Day 2023 observed across the globe?
      1) 22nd April 2023
      2) 24th April 2023
      3) 20th April 2023
      4) 23rd April 2023
      5) 21st April 2023
      Answer-4) 23rd April 2023
      Explanation:
      United Nations (UN) English Language Day 2023 was observed across the globe on 23rd April 2023 to promote the English language and to celebrate the history, culture and achievements associated with the English language.
      i. The day, 23rd April, also marks the birth and death anniversary of English playwright, poet and actor, William Shakespeare.

    10. What was the theme of World Book and Copyright Day 2023 that was observed across the globe on 23rd April 2023?
      1) Read, so you never feel low
      2) Indigenous Languages
      3) Share a Story
      4) Be Smart-Read Books!
      5) Read the World
      Answer-2) Indigenous Languages
      Explanation:
      World Book and Copyright Day 2023 was observed across the globe on 23rd April 2023 with the theme of “Indigenous Languages”, which is centred around the native languages of a particular country.
      • The annual observance is led by the United Nations Educational, Scientific and Cultural Organization (UNESCO).
      • The first ever World Book and Copyright Day was observed on 23rd April 1996.
      i. Audrey Azoulay, Director-General of UNESCO, has named Accra (Ghana) as UNESCO World Book Capital for 2023, following the evaluation of the World Book Capital Advisory Committee.