AffairsCloud brings you the complete and important daily Current Affairs Quiz 5 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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- According to the National Manufacturing Innovation Survey (NMIS) 2021-22 released in May 2023, which state has topped the Indian Manufacturing Innovation Index (IMII) ranking 2022 with an IMII score of 33.4?
1) Tamil Nadu
2) Odisha
3) Telangana
4) Kerala
5) Karnataka
Answer & Explanation
Answer-5) Karnataka
Explanation:
According to the ‘National Manufacturing Innovation Survey (NMIS) 2021-22: Summary for Policymakers’, a joint study by the Department of Science and Technology (DST) and the United Nations Industrial Development Organization (UNIDO), Karnataka has topped the Indian Manufacturing Innovation Index (IMII) ranking 2022 with an IMII score of 33.41.
• The Indian manufacturing sector has an overall IMII score of 28.17 and Karnataka, overall, is the most innovative State with index score of 33.41, followed by Dadra and Nagar Haveli & Daman and Diu (DNH&DD) (32.88), Telangana (32.86), and Tamil Nadu-TN (32.54).
• Apart from Northeastern states except Assam (19.69), low-performing states include Bihar (21.32), Jharkhand (22.78), and Odisha (23.05).
• Telangana, Karnataka, and TN had the highest share of innovative firms at 46.18%, 39.10% and 31.90%, respectively, with Odisha, Bihar, and Jharkhand reporting the lowest share of such firms at 12.78%, 13.47% and 13.71%, respectively.
• Uttarakhand (31.72) has the highest score among the hill states, while DNH&DD has the highest score among the UTs.
- In May 2023, the Union Ministry of Agriculture & Farmers’ Welfare (MoA&FW) set a target of __________ Million Tonnes (MT) of production of foodgrains for the 2023-2024 crop year.
1) 290 MT
2) 310 MT
3) 352 MT
4) 332 MT
5) 320 MT
Answer & Explanation
Answer-4) 332 MT
Explanation:
The Union Ministry of Agriculture & Farmers’ Welfare (MoA&FW), Government of India, has set a target of 332 million (3320 lakh) tonnes (MT) of production of foodgrains for the 2023-2024 crop year (July 2023-June 2024).
• MoA&FW’s target includes the production of 29.25 MT of pulses, 44 MT of oilseed, and 17 MT of millets.
i. The Union Minister stated that the agriculture sector has witnessed an average annual growth rate of 4.6% over the last six years.
ii. Total production of sugarcane during 2022-23 is estimated at a record 4688 lakh tonnes.
- According to the Centre for Monitoring the Indian Economy (CMIE) released in May 2023, India’s unemployment rate rose to ________, 4-month high in April 2023 from 7.8% in March 2023.
1) 7.50%
2) 8.11%
3) 7.96%
4) 8.02%
5) 7.82%
Answer & Explanation
Answer-2) 8.11%
Explanation:
According to the Centre for Monitoring Indian Economy (CMIE), India’s unemployment rate rose to a 4-month high in April 2023 at 8.11%, compared to 7.8% in March 2023.
• The Unemployment rate was 7.14% in January 2023, 7.45% in February 2023.
i. The Rural Unemployment rate declined to 7.34% in April 2023 from 7.47% in March 2023 and the Urban unemployment rate rose to 9.81% in April from 8.51% in March.
ii. The labour participation rate (LPR) increased slightly from 39.77% in March to 41.98% in April 2023.
- According to the data released by Reserve Bank of India (RBI) in May 2023, India’s services exports increased by a record ___________ in 2022-23 (FY23) to USD 322 billion.
1) 18.3%
2) 26.6%
3) 23.6%
4) 32.4%
5) 35.7%
Answer & Explanation
Answer-2) 26.6%
Explanation:
According to the data released by Reserve Bank of India (RBI) on 2nd May 2023, India’s services exports increased by a record 26.6% in 2022-23 (FY23) to USD 322 billion.
• Services imports grew 22.2 % to US$179.7 billion, leading to a services trade surplus of US$142.5 billion.
i. Merchandise exports rose by only 6% to US$ 447 billion in FY23.
• With a US$267 billion merchandise trade deficit in FY22, India has a cumulative trade deficit (or net exports) of US$124.5 billion.
ii. The Union government has set a goal of US$ 2 trillion in combined goods and services exports by 2030.
- Which bank has recently (in May ‘23) partnered with the Cashfree Payments to offer international payment collection service to Indian exporters?
1) State Bank of India
2) ICICI Bank
3) HDFC Bank
4) YES Bank
5) Axis Bank
Answer & Explanation
Answer-4) YES Bank
Explanation:
In May 2023, Cashfree Payments partnered with YES Bank to offer ‘Global Collections’, an international collection service for Indian exporters with a Yes Bank account, to simplify the way Indian exporters receive payments from across the world.
i. The partnership will enable the Yes Bank account holders to collect payments in over 30 foreign currencies using the Global Collections service.
ii. After receiving the payments, the customer could convert the payments into rupee and settle into their local bank account in India within one business day.
iii. The payments service will include dedicated facilities in four currencies (USD(United States dollar), GBP (Pound Sterling), EUR (euro) and CAD (Canadian dollar)).
- In May 2023, Ajaypal Singh Banga was appointed as the ______ President of the World Bank (WB).
1) 16th
2) 14th
3) 12th
4) 15th
5) 13th
Answer & Explanation
Answer-2) 14th
Explanation:
On May 3, 2023, Vice Chairman of General Atlantic Ajaypal Singh Banga, known as Ajay Banga, (63) was appointed as the 14th President of the World Bank (WB) by the 25-Executive Directors of the WB for a five-year term beginning June 2, 2023.
• He will succeed incumbent President David Malpass and become the first-ever Indian-American President of WB.
• He is also the first-ever Indian-American and Sikh-American to head either of the two top international financial institutions: the International Monetary Fund (IMF) and the WB.
Note- The government of India honoured him with “Padma Shri” for trade and Industry in 2016.
- Name the personality who has been recently (in April ‘23) promoted as Joint Managing Director (MD) of HDFC ERGO General Insurance Company Limited.
1) Sanjay Kulshrestha
2) Ritesh Kumar
3) Anuj Tyagi
4) Renu Sud Karnad
5) Arvind Mahajan
Answer & Explanation
Answer-3) Anuj Tyagi
Explanation:
Anuj Tyagi, Deputy Managing Director (DMD) of HDFC ERGO, has been promoted as Joint Managing Director (MD) of HDFC ERGO General Insurance Company Limited. The elevation was approved by the Nomination & Remuneration Committee and the Board of Directors of HDFC ERGO General Insurance decided during their meeting held on 27th April 2023 in Mumbai, Maharashtra.
• He has about 22 years of work experience in insurance and banking.
- When was the International Firefighters’ Day (IFFD) 2023 observed across the globe?
1) 1st May 2023
2) 3rd May 2023
3) 30th April 2023
4) 4th May 2023
5) 2nd May 2023
Answer & Explanation
Answer-4) 4th May 2023
Explanation:
International Firefighters’ Day (IFFD) 2023 was observed across the globe on 4th May 2023 to honour and recognise the incredible work done by the firefighters while protecting the life and property of people.
• The day 4th May is also marked as St Florian’s Day. St Florian is the Patron Saint of Firefighters.
• IFFD’s symbol: red and blue ribbon (two colours fused on top) is the significant symbol of the IFFD, the red colour symbolises the element of Fire and the blue symbolises the element of water.
i. The first-ever International Firefighters Day was observed on 4th May 1999.
- Which state’s food department has recently (in May ‘23) launched a Portal and App for grievances?
1) Karnataka
2) Tamil Nadu
3) Telangana
4) Andhra Pradesh
5) Kerala
Answer & Explanation
Answer-2) Tamil Nadu
Explanation:
The Health Minister of Tamil Nadu (TN), Ma Subramanian, has launched a mobile app ‘TN Food Safety Consumer App‘ and website of the Food Safety Department (www.foodsafety.tn.gov.in) for grievances at an event held at the Government Multi Super Speciality Hospital at Omandurar Estate in Chennai, TN.
• Through these consumers can find information on safe food and other details.
• The website would provide information about the Food Safety Department’s activities, banned items, Acts governing food safety and licences.
• It can be accessed in Tamil and English and also has a screen reader facility for ease of access for the differently-abled.
i. The Food Safety Department had also confiscated 16,209 kg of fruits, worth around Rs 9.2 lakh, that had been ripened through harmful artificial methods.
- Who was recently (in May ‘23) appointed as Chief Justice (CJ) of the Calcutta High Court?
1) Chitta Ranjan Dash
2) Prakash Shrivastava
3) T.S. Sivagnanam
4) Harish Tandon
5) Soumen Sen
Answer & Explanation
Answer-3) T.S. Sivagnanam
Explanation:
The Department of Justice, Ministry of Law and Justice, has notified the appointment of Justice T.S. Sivagnanam, the senior most judge of the Calcutta High Court, as the Chief Justice (CJ) of the Calcutta High Court. He is currently serving as the Acting Chief Justice of the High Court.
i. On 9th February 2023, the Supreme Court Collegium (SCC) suggested Justice T.S. Sivagnanam for the position of CJ of the Calcutta High Court.
ii. In October 2021, he was transferred to the Calcutta High Court where he has been serving since then. He is scheduled to retire on September 15, 2025.
- According to the National Manufacturing Innovation Survey (NMIS) 2021-22 released in May 2023, which state has topped the Indian Manufacturing Innovation Index (IMII) ranking 2022 with an IMII score of 33.4?
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