Current Affairs Quiz: 7 December 2022

AffairsCloud brings you the complete and important daily Current Affairs Quiz 7 December 2022 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 2022 updates.

Our Current Affairs June 2022 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. 1. Which country has recently (in Dec ‘22) signed migration and mobility partnership with India for easier access to study, research and work between both countries?
      1) Finland
      2) Norway
      3) France
      4) Germany
      5) Australia
      

      Answer & Explanation

      Answer-4) Germany
      Explanation:
      A comprehensive migration and mobility partnership was signed between India and Germany for easier access to study, research and work between both countries.
      i. It was signed by India’s Union Minister Subrahmanyam Jaishankar, Ministry of External Affairs (MEA); and Federal Foreign Affairs Minister of Germany, Annalena Baerbock.
      ii. It will facilitate two-way movement of students, professionals and researchers, and also address the challenges of illegal migration.
      
      
   2. According to the Employees’ Provident Fund Organization (EPFO) data, 87.1 lakh new formal jobs were generated in India during the first half of the current financial year (H1 FY23), a ________ rise from H1 FY22.
      1) 15%
      2) 40%
      3) 20%
      4) 35%
      5) 25%
      

      Answer & Explanation

      Answer-4) 35%
      Explanation:
      According to an analysis of the data released by the Employees’ Provident Fund Organization (EPFO), 87.1 lakh new formal jobs were generated in India during the first half of the current financial year (H1 FY23), a 35 % rise from H1 FY22.
      i. There were 24.6 lakh and 64.72 lakh formal jobs generated in India in the first halves of FY21 and FY22, respectively.
      ii. In Q2 FY23, formal job creation increased slightly to 47.4 lakh, up from 39.3 lakh in Q1 FY 23.
      
      
   3. Which of the following points is/are ‘Incorrect’ with respect to the “India Digital Payments Report Q3 (July-September) 2022” released by Worldline India in December 2022?
      1) More than 23 billion digital payment transactions worth Rs. 38.32 trillion were made in July-September (Q3) 2022.
      2) UPI recorded more than 20.35 billion transactions worth Rs. 30.6 trillion in Q3 2022.
      3) Credit Card volume and value was 725 million and Rs. 3.5 trillion, with 386.83 million transactions at the point of sales (POS).
      4) The volume and value of Debit Card transactions were 907 million and Rs. 1.88 trillion, respectively.
      5) POS transactions accounted for 595.4 million of total debit card volume, while e-commerce transactions accounted for 311.60 million.
      

      Answer & Explanation

      Answer-2) UPI recorded more than 20.35 billion transactions worth Rs. 30.6 trillion in Q3 2022.
      Explanation:
      According to the “India Digital Payments Report Q3 2022” released by financial services company Worldline India, more than 23 billion digital payment transactions worth Rs. 38.32 trillion were made in July-September (Q3) 2022.
      i. UPI recorded more than 19.65 billion transactions worth Rs. 32.5 trillion in Q3 2022.
      • The top 3 UPI apps in terms of volume and value as of Q3 2022 were PhonePe, Google Pay, and Paytm Payments Bank App.
      ii. In Q3 2022, credit card volume and value was 725 million and Rs. 3.5 trillion, with 386.83 million transactions at the point of sales (POS) and 338.80 million e-commerce transactions.
      iii. In Q3 2022, the volume and value of debit card transactions were 907 million and Rs. 1.88 trillion, respectively.
      iv. POS transactions accounted for 595.4 million of total debit card volume, while e-commerce transactions accounted for 311.60 million.
      
      
   4. Which company has recently (in Dec ‘22) partnered with Axis Bank to enable merchants to accept credit card transactions via Unified Payments Interface (UPI)?
      1) Freecharge
      2) Cashfree
      3) CCAvenue
      4) PhonePe
      5) Razorpay
      

      Answer & Explanation

      Answer-5) Razorpay
      Explanation:
      Fintech platform Razorpay announced a first-of-its-kind move, in partnership with Axis Bank, to enable merchants to accept credit card transactions via Unified Payments Interface (UPI) with minimal changes to the existing setup.
      i. This facility has been enabled for the customers of HDFC Bank, Punjab National Bank (PNB), Union Bank and Indian Bank.
      ii. At present, UPI enables customers to make transactions through their bank accounts.
      
      
   5. Name the Small Finance Bank that has recently (in Dec ‘22) entered into a Bancassurance agreement with ICICI Lombard General Insurance.
      1) ESAF Small Finance Bank
      2) Suryoday Small Finance Bank
      3) Capital Small Finance Bank
      4) Equitas Small Finance Bank
      5) AU Small Finance Bank
      

      Answer & Explanation

      Answer-5) AU Small Finance Bank
      Explanation:
      The AU Small Finance Bank, and ICICI Lombard General Insurance tied-up for Bancassurance. Under this, the insurer will utilize the bank’s diverse customer’s access, and enhance penetration across India.
      i. On the other hand, the bank will enhance its general insurance offering with agile, digital & paperless solutions offered by ICICI Lombard.
      
      
   6. Which bank has recently (in Dec ‘22) partnered with Spice Money Limited for Financial Inclusion in Rural India?
      1) ICICI Bank
      2) Axis Bank
      3) HDFC Bank
      4) YES Bank
      5) IndusInd Bank
      

      Answer & Explanation

      Answer-2) Axis Bank
      Explanation:
      Spice Money Limited, a Rural fintech player, has partnered with Axis Bank, to facilitate the opening of instant, zero balance savings or current accounts for rural citizens through its Adhikari network.
      i. Through this partnership, Spice Money aims to bridge the rural-urban divide and bring financial inclusivity by providing access to banking products at doorstep.
      ii. Spice Money empowers merchants, known as Spice Money Adhikaris through its technology to cater to the digital and financial needs of rural citizens in India.
      
      
   7. Which bank has recently (in Dec’ 22) launched the ‘Football Fiesta’ campaign to celebrate the FIFA World Cup 2022?
      1) Kotak Mahindra Bank
      2) HDFC Bank
      3) Federal Bank
      4) YES Bank
      5) Axis Bank
      

      Answer & Explanation

      Answer-3) Federal Bank
      Explanation:
      Federal Bank Limited, a leading private sector bank, has launched the ‘Football Fiesta’ campaign with many prizes lined up to celebrate the FIFA World Cup 2022.
      i. As part of the campaign, the bank has also released an augmented reality (AR) filter for Instagram. Moreover, it has announced its public social media contest.
      
      
   8. ‘__________’ was declared as the Word of the Year for 2022 by the Oxford English Dictionary.
      1) Gas Lighting
      2) Metaverse
      3) Vax
      4) Goblin mode
      5) Moon Lighting
      

      Answer & Explanation

      Answer-4) Goblin mode
      Explanation:
      The Oxford English Dictionary has chosen ‘Goblin mode’ as the word of the year 2022 by an online vote. Goblin Mode received 93% of the votes against contenders “metaverse” (2nd) and “#IStandWith”(3rd).
      i. For the first time, the choice of Word of the Year was opened to public voting. Around 3 lakh English speakers voted over a period of 2 weeks.
      ii. ‘Goblin mode’ is a slang term that refers to the type of behaviour which is unapologetically self-indulgent, lazy, slovenly, or greedy, typically in a way that rejects social norms or expectations.
      
      
   9. Who has been recently (in Dec ‘22) elected as the first female President of the Table Tennis Federation of India (TTFI)?
      1) Padmaja S Menon
      2) Meghna Ahlawat
      3) Rinku Acharya
      4) Alka Sharma
      5) Supriya Shukla
      

      Answer & Explanation

      Answer-2) Meghna Ahlawat
      Explanation:
      Meghna Ahlawat was elected as the first female President of the Table Tennis Federation of India (TTFI) and former Indian Table Tennis player Kamlesh Mehta, an eight-time national champion and Arjuna awardee (1985) took over as the new secretary general of the TTFI.
      • Meghna Ahlawat is the wife of the outgoing President of TTFI, Dushyant Chautala, Deputy Chief Minister (CM) of Haryana.
      
      
   10. Which state’s Chief Minister (CM) has recently (in Dec ‘22) launched the Trophy tour of the FIH (Fédération Internationale de Hockey) Hockey Men’s World Cup 2023?
       1) Odisha (Naveen Patnaik)
       2) Karnataka (Basavaraj Bommai)
       3) Andhra Pradesh (Y. S. Jagan Mohan Reddy)
       4) Gujarat (Bhupendra Rajnikant Patel)
       5) West Bengal (Mamata Banerjee)
       

       Answer & Explanation

       Answer-1) Odisha (Naveen Patnaik)
       Explanation:
       Odisha Chief Minister (CM) Naveen Patnaik launched the Trophy tour of the FIH (Fédération Internationale de Hockey) Hockey Men’s World Cup 2023 in Bhubaneshwar, Odisha, and handed over the trophy to Dilip Tirkey, President of Hockey India.
       i. The FIH Odisha Hockey Men’s World Cup 2023 will be held at Bhubaneswar and Rourkela from 13th -29th January 2023.