AffairsCloud brings you the complete and important daily Current Affairs Quiz 3 November 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 November 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.
- Which Credit Card Provider in India has recently (in Oct ‘23) collaborated with Reliance Retail Limited (RRL) to launch a co-branded credit card to provide a world-class customer experience?
1) Mastercard
2) SBI Card
3) American Express
4) HDFC Card
5) ICICI CardAnswer-2) SBI Card
Explanation:
SBI Cards and Payment Services Limited (SBI Card), in collaboration with Reliance Retail Limited (RRL), has launched a co-branded credit card called the ‘Reliance SBI Card’ which aims to provide a world-class customer experience.
i. The card comes in two variants namely Reliance SBI Card and Reliance SBI Card PRIME.
ii. Reliance SBI Card, made using recycled plastic, is powered by RuPay contactless technology.
iii. The unique security key feature of Visa payWave will ensure that only one transaction is processed even if the card is waved multiple times at the reader. - Name the company that has recently (in Nov ‘23) entered into a Co-Lending Model (CLM) partnership with the State Bank of India (SBI) to provide affordable and personalised financing solutions.
1) Mahindra & Mahindra Financial Services Limited
2) Muthoot Fincorp Limited
3) Tata Capital Financial Services Limited
4) Aditya Birla Finance Limited
5) Bajaj Finance LimitedAnswer- 1) Mahindra & Mahindra Financial Services Limited
Explanation:
Mahindra & Mahindra Financial Services Limited, a leading non-banking financial company (NBFC) in India, has entered into a Co-Lending Model (CLM) partnership with the State Bank of India (SBI) to provide affordable and personalised financing solutions to empower Micro, Small, Medium Enterprises (MSME) sectors across India.
i. Mahindra Finance, by leveraging its extensive rural distribution network, will be responsible for customer origination and servicing; while SBI will provide the funding of the loan.
ii. They offer a personalized interest rate for each customer based on their credit profile. - Which bank has recently (in Nov ‘23) became the first Foreign Bank in India to offer electronic-Bank Guarantees (e-BGs)?
1) Standard Chartered Bank India
2) DBS Bank India
3) HSBC India
4) CSB Bank India
5) Citibank IndiaAnswer-3) HSBC India
Explanation:
The Hongkong and Shanghai Banking Corporation Limited, India (HSBC India), in association with the National E-Governance Services Limited (NeSL), has introduced the electronic-Bank Guarantees (e-BGs) services to digitize trade finance.
With this, HSBC India became the first Foreign Bank in India to offer e-BGs.
i. e-BG is a digital equivalent of a traditional paper-based Bank Guarantee.
ii. It is a guarantee issued by a bank to a beneficiary on behalf of an applicant, promising to pay the beneficiary a specific amount of money if the applicant fails to fulfil a certain obligation.
iii. The process is made simple by introducing electronic stamping (E-stamping) and electronic signing (E-signing). - In November 2023, ______________ became the 1st life insurance company in India to receive Gujarat International Finance Tec-City (GIFT-City)’s International Financial Services Centre (IFSC) Registration.
1) HDFC Standard Life Insurance
2) Future Generali India Life Insurance
3) SBI Life Insurance
4) IndiaFirst Life Insurance
5) ICICI Prudential Life InsuranceAnswer-4) IndiaFirst Life Insurance
Explanation:
IndiaFirst Life Insurance Company Limited (IndiaFirst Life) has become the 1st life insurance company in India to receive Gujarat International Finance Tec-City (GIFT-City)’s International Financial Services Centre (IFSC) Registration.
The IFSC Unit of IndiaFirst will soon commence operations.
i. India First Life Insurance is a three-way venture firm with BoB(holding 65% stake), UBI (holding 9% stake), and Carmel Point Investments India Private Limited(holding 26% stake).
ii. Carmel Point Investments India Private Limited, a private limited company incorporated under the laws of India and affiliate of the Warburg Pincus Group. - According to the ‘World Economic Outlook: Navigating Global Divergences’ report released by the International Monetary Fund (IMF) in October 2023, the global economic growth is projected to slow down from 3.5% in 2022 to ________ in 2024.
1) 2.9%
2) 2.5%
3) 3.3%
4) 3.2%
5) 3%Answer-1) 2.9%
Explanation:
The ‘World Economic Outlook: Navigating Global Divergences’ report released by the International Monetary Fund (IMF) in October 2023, projected the global economic growth to slow down from 3.5% in 2022 to 3% in 2023 and 2.9% in 2024.
i. This is one of the lowest growth rates in decades and well below the historical average of 3.8% recorded between 2000 & 2019.
Advanced economies are expected to experience a decline, a drop from 2.6% economic growth in 2022 to 1.5% in 2023 and 1.4% in 2024.
This is attributed to policy tightening aimed at curbing inflation.
The emerging markets and developing economies are expected to witness a decrease in growth from 4.1% economic growth in 2022 to 4% in both 2023 and 2024. - Name the personality who has recently (in Nov ‘23) appointed as the Executive Director (ED) of Reserve Bank of India (RBI).
1) Manoranjan Mishra
2) Ashwani Bhatia
3) Ananth Narayan Gopalakrishnan
4) Ananth Narayan
5) Amarjeet SinghAnswer-1) Manoranjan Mishra
Explanation:
The Reserve Bank of India (RBI) appointed Manoranjan Mishra as its Executive Director (ED) with effect from November 1, 2023. As the ED, Manoranjan Mishra will oversee three Departments namely Enforcement, Risk Monitoring, and External Investments & Operations.
i. Prior to his appointment as ED, he was serving as Chief General Manager in the Department of Regulation, RBI.
ii. He has extensive experience of over 3 decades in the RBI, having worked in the areas of regulation of banks and Non-Banking Financial Companies (NBFCs), supervision of banks, and currency management. - In November 2023, Defense Research and Development Organisation (DRDO) announced that India is set to develop Israel’s Iron Dome system-like long-range surface-to-air missile (LR-SAM) system under ___________ (Project).
1) Project Lakshya
2) Project Ghatak
3) Project Kapothaka
4) Project Kusha
5) Project UlkaAnswer-4) Project Kusha
Explanation:
India’s Defense Research and Development Organisation (DRDO) is set to develop a long-range surface-to-air missile (LR-SAM) system, similar to that of Israel’s Iron Dome defence system.
This system developed under “Project Kusha” will equip India with a robust air defence system which will detect and neutralise incoming threats.
i. The LRSAM will be capable of destroying incoming stealth fighters, aircraft, drones, cruise missiles, and precision-guided munitions within a range of up to 350 kilometres (km).
ii. The system is scheduled for deployment by 2028-2029.
Note: This air defence system will be on par with the Russian S-400 Triumf system, inducted into the Indian Air Force(IAF).
Israel’s Iron Dome (Kippat Barzel in Hebrew) System is a state-of-the-art rocket defence system designed to protect against incoming short-range weapons. It operates in all weather conditions. - When was the United Nations (UN) International Day to End Impunity for Crimes against Journalists (IDEI) observed across the globe?
1) 29th October 2023
2) 30th October 2023
3) 1st November 2023
4) 31st October 2023
5) 2nd November 2023Answer-5) 2nd November 2023
Explanation:
The United Nations (UN) International Day to End Impunity for Crimes against Journalists (IDEI) 2023 was observed across the globe on 2nd November 2023 to pay tribute to journalists killed in the line of duty, and to raise awareness about the dangers of impunity for crimes committed against journalists.
The first-ever IDEI was observed on 2 November 2014.
i. The 2023 observance of IDEI and its events was based on the concept note, “Violence against journalists, the integrity of elections, and the role of public leadership.”
ii. In 2023, the main commemoration of IDEI took place on 2 -3 November 2023 at the headquarters of the Organization of American States (OAS) in Washington D.C. the United States of America (USA). - Which state government has recently (in Nov ‘23) launched Dr. Puneeth Rajkumar Hrudaya Jyoti Yojana to provide treatment to people experiencing sudden heart attacks and cardiac issues?
1) Kerala
2) Andhra Pradesh
3) Karnataka
4) Telangana
5) MaharashtraAnswer-3) Karnataka
Explanation:
Dinesh Gundu Rao, Health Minister in Karnataka launched Dr. Puneeth Rajkumar Hrudaya Jyoti Yojana to provide treatment to people experiencing sudden heart attacks and cardiac issues.
Karnataka’s Health Department launched the scheme in memory of Late Kannada Actor Puneeth Rajkumar, who died in 2021 at the age of 46 due to cardiac arrest.
i. Under this scheme, emergency devices will be installed in public places to cater to those suffering from heart attacks within the crucial response time.
ii. The government has decided to provide Tenecteplase injections( used to treat myocardial infarctions (heart attacks)) at free of charge in government hospitals - In November 2023, the Supreme Court (SC) Collegium had recommended Additional judge Siddhartha Roy Chowdhury for the appointment as a permanent judge of the __________ High Court (HC).
1) Meghalaya
2) Delhi
3) Bombay
4) Madras
5) CalcuttaAnswer-5) Calcutta
Explanation:
The Supreme Court (SC) Collegium headed by Chief Justice of India DY Chandrachud, has recommended Additional judge Siddhartha Roy Chowdhury for the appointment as a permanent judge of the Calcutta High Court(HC), West Bengal(WB).
The SC Collegium also includes Justice Sanjay Kishan Kaul and Justice Sanjiv Khanna of SC of India.
i. Justice Siddhartha Roy Chowdhury was recommended to the post by Justice T. S. Sivagnanam, CJ of Calcutta HC.
ii. Mamata Banerjee, Chief Minister (CM) of WB and C. V. Ananda Bose, Governor of WB has also concurred with the said recommendation.
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