Current Affairs Quiz 02nd May 2023 For Bank Exam

Table of Contents

02nd May Current Affairs Quiz: Here, we are providing the Current Affairs Quiz. These types of topics are important for candidates who prepare for Bank Exam 2023. In this article, we are covering the following topics Headlines:

Millets Experience Centre
NPCI International Payments Limited
International Workers’ Day
International Labour Organization

02nd May Current Affairs Quiz

The Current Affairs section constitutes a major part of the General Awareness section in a competitive examination and plays an instrumental role. To supplement your preparation for the General Awareness Section of the upcoming exams like IBPS PO/Clerk Mains, SBI PO Mains and SEBI Grade A Prelims, we are providing you Current Affairs Quiz of 02nd May 2023 covering the following topics Headlines: Millets Experience Centre, NPCI International Payments Limited, International Workers’ Day, International Labour Organization.

Q1. Who won the 2023 Paraguay presidential election?
(a) Efrain Alegre
(b) Santiago Pena
(c) Horacio Cartes
(d) Mario Abdo Benitez
(e) None of the above

Q2. The Indian Prime Minister inaugurated ____ FM transmitters across 18 states and 2 union territories.
(a) 19
(b) 82
(c) 91
(d) 180
(e) 102

Q3. Agriculture Minister Narendra Singh Tomar launches ‘Millets Experience Centre’ at Dilli Haat. Who established the Millets Experience Centre in New Delhi?
(a) Ministry of Agriculture and Farmers Welfare
(b) National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED)
(c) Ministry of Food Processing Industries
(d) Indian Council of Agricultural Research
(e) None of the above

Q4. Which country proposed the International Year of Millets 2023?
(a) United States of America
(b) India ###
(c) China
(d) Brazil
(e) Russia

Q5. Indian Army Inducts First Women Officers into Regiment of Artillery. Who are the first women officers inducted into the Regiment of Artillery?
(a) Lt Mehak Saini, Lt Sakshi Dubey, Lt Aditi Yadav, Lt Pious Mudgil, and Lt Akanksha
(b) Lt Sakshi Dubey, Lt Aditi Yadav, and Lt Pious Mudgil
(c) Lt Mehak Saini, Lt Aditi Yadav, and Lt Akanksha
(d) Lt Sakshi Dubey, Lt Pious Mudgil, and Lt Akanksha
(e) None of the above

Q6. In FY23, scheduled commercial banks reported a credit growth of __ percent, primarily driven by growth in personal loans, and loans to services sector and agriculture and allied activities.
(a) 5.4%
(b) 9.7%
(c) 12.6%
(d) 15.4% ###
(e) 18.2%

Q7. Personal loans registered a growth of ___ per cent in FY23 as compared with ___ per cent in the year-ago period.
(a) 20.6, 12.6
(b) 12.6, 20.6
(c) 15.4, 9.7
(d) 9.7, 15.4
(e) Cannot be determined

Q8. Which state has topped the list of states with the highest market borrowings for the third year in a row according to RBI data?
(a) Maharashtra
(b) Tamil Nadu
(c) Punjab
(d) Kerala
(e) Uttar Pradesh

Q9. Which states have been identified as highly stressed states based on the debt/GSDP ratio as per the analysis?
(a) Andhra Pradesh, Bihar, Rajasthan and Punjab
(b) Gujarat, Maharashtra, Odisha and Delhi
(c) Assam, Kerala, Punjab and Rajasthan
(d) Jharkhand, Madhya Pradesh, Uttar Pradesh and Haryana
(e) Bihar, Kerala, Punjab, Rajasthan, and West Bengal

Q10. What additional space of GSDP has the 15th Finance Commission provided to states for the period of 2021-22 to 2024-25 on fulfilment of required Power Sector Reforms?
(a) 0.25% of GSDP
(b) 0.5% of GSDP
(c) 0.75% of GSDP
(d) 1.0% of GSDP
(e) 1.5% of GSDP

Q11. NPCI International Payments Limited (NIPL), has signed a definitive agreement with PPRO, a global digital payments infrastructure provider, to expand the reach of RuPay cards and Unified Payments Interface (UPI). What is NIPL?
(a) A subsidiary of the National Payments Corporation of India
(b) A global digital payments infrastructure provider
(c) A payment service provider
(d) An Indian e-commerce platform
(e) A global merchant acquirer

Q12. Who has been selected as the new chairman of the Atomic Energy Commission and secretary of the Department of Atomic Energy?
(a) Ajit Kumar Mohanty
(b) Ratan Tata
(c) General Manoj Pande
(d) N. Chandrasekaran
(e) Aditya Puri

Q13. Which bank is Rajneesh Karnatak appointed as the Managing Director (MD) of?
(a) State Bank of India (SBI)
(b) Punjab National Bank (PNB)
(c) HDFC Bank
(d) ICICI Bank
(e) Bank of India (BOI)

Q14. Labour Day, also known as International Workers’ Day, is celebrated on May 1st in many countries around the world. In which year did the International Labour Organization (ILO) come into existence?
(a) 1919
(b) 1929
(c) 1939
(d) 1949
(e) 1959

Q15. Which company has surpassed IT major Infosys to become the sixth most valuable company on the stock exchanges in India?
(a) TCS
(b) ITC
(c) Infosys
(d) Wipro
(e) HCL Technologies

Solutions

S1. Ans.(b)
Sol. Santiago Pena, a former finance minister, won the election with more than 42 percent of the votes cast.

S2. Ans.(c)
Sol. Prime Minister Narendra Modi recently inaugurated 91 FM transmitters across 18 states and two union territories in India to boost FM radio connectivity in the border regions and aspirational districts.

S3. Ans.(b)
Sol. The Millets Experience Centre in New Delhi was established by NAFED in collaboration with the Ministry of Agriculture and Farmers Welfare.

S4. Ans.(b)
Sol. India proposed the International Year of Millets 2023, which was endorsed by 72 countries.

S5. Ans.(a)
Sol. Lt Mehak Saini, Lt Sakshi Dubey, Lt Aditi Yadav, Lt Pious Mudgil, and Lt Akanksha are the first women officers to be inducted into the Regiment of Artillery in the Indian Army.

S6. Ans.(d)
Sol. Scheduled commercial banks (SCBs) reported a robust credit growth of 15.4% in FY23 compared to 9.7% in FY22.

S7. Ans.(a)
Sol. RBI data on sectoral deployment of bank credit shows that personal loans registered a growth of 20.6 per cent in FY23 as compared with 12.6 per cent in the year-ago period, primarily driven by ‘housing loans’.

S8. Ans.(b)
Sol. Tamil Nadu. The state has topped the list of states with the highest market borrowings through State Development Loans (SDLs) for three consecutive years as per RBI data.

S9. Ans.(e)
Sol. Bihar, Kerala, Punjab, Rajasthan, and West Bengal. These states have been identified as highly stressed states based on the debt/GSDP ratio as per the analysis.

S10. Ans.(b)
Sol. The 15th Finance Commission has provided an additional space of 0.5% of GSDP during the period of 2021-22 to 2024-25 on fulfilment of required Power Sector Reforms.

S11. Ans.(a)
Sol. NIPL is a wholly owned subsidiary of the National Payments Corporation of India (NPCI).

S12. Ans.(a)
Sol. Ajit Kumar Mohanty, who is a well-known physicist and also serves as the director of the Bhabha Atomic Research Centre (BARC), has been selected as the new chairman of the Atomic Energy Commission and secretary of the Department of Atomic Energy.

S13. Ans.(e)
Sol. The Indian government has selected Rajneesh Karnatak as the Managing Director (MD) of the Bank of India (BOI).

S14. Ans.(a)
Sol. The International Labour Organization (ILO) was established in 1919, and it is a specialized agency of the United Nations that is devoted to promoting social justice and promoting decent working conditions throughout the world.

S15. Ans.(b)
Sol. ITC, one of India’s largest FMCG conglomerates, has surpassed IT major Infosys to become the country’s sixth most valuable company on the stock exchanges.