Current Affairs Quiz 12th May 2023 For Bank Exam

Table of Contents

12th May Current Affairs 2023 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:

India-Thailand Coordinated Patrol
Harit Sagar Guidelines – 2023
UNESCO World Heritage
All India Bank Employees’ Association

12th May Current Affairs 2023 Quiz

The Current Affairs 2023 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 2023 Quiz of 12th May 2023 covering the following topics Headlines: India-Thailand Coordinated Patrol, Harit Sagar Guidelines – 2023, UNESCO World Heritage, All India Bank Employees’ Association.

Q1. Which countries will benefit from Saudi Arabia’s new e-visa system?
(a) Jordan, UAE, Egypt, India, Bangladesh, the Philippines, and Indonesia
(b) Jordan, UAE, Egypt, Saudi Arabia, Qatar, and Bahrain
(c) Jordan, UAE, Egypt, Turkey, Pakistan, and Malaysia
(d) Jordan, UAE, Egypt, China, Russia, and the UK
(e) Jordan, UAE, Egypt, Oman, Yemen, and Kuwait

Q2. What is the official currency of Thailand?
(a) Baht
(b) Dong
(c) Rupiah
(d) Ringgit
(e) Yen

Q3. The 35th edition of India-Thailand Coordinated Patrol (Indo-Thai CORPAT) between the Indian Navy and the Royal Thai Navy was conducted from 03 – 10 May 2023. Which ships participated in the 35th Indo-Thai CORPAT?
(a) INS Vikrant and HTMS Thonburi.
(b) INS Kesari and HTMS Saiburi.
(c) INS Chennai and HTMS Naresuan.
(d) INS Kochi and HTMS Pattani.
(e) None of the above.

Q4. The ‘Harit Sagar Guidelines – 2023’ launched by the Ministry of Ports, Shipping & Waterways aims to achieve _____.
(a) Zero Water Emission
(b) Zero Carbon Emission
(c) Zero Waste Discharge
(d) Zero Noise Pollution
(e) None of the above

Q5. What are the major ports required to do as per the ‘Harit Sagar Guidelines – 2023’?
(a) Generate more renewable energy
(b) Reduce carbon emissions
(c) Implement environmental-friendly practices
(d) Achieve Sustainable Developmental Goals
(e) All of the above

Q6. Which port received the award for the best absolute performance for the year 2022-23?
(a) Deendayal Port
(b) Jawaharlal Nehru Port
(c) Paradip Port
(d) Kamarajar Port
(e) Cochin Port

Q7. Which international advisory body has recommended Santiniketan for inclusion in the UNESCO World Heritage List?
(a) UNESCO World Heritage Centre
(b) International Council on Monuments and Sites (ICOMOS)
(c) Union Culture Ministry
(d) Archeological Survey of India
(e) None of the above

Q8. How many UNESCO World Heritage sites does India currently have?
(a) 40
(b) 52
(c) 32
(d) 20
(e) None of the above

Q9. The Financial Stability and Development Council (FSDC) is an apex-level body in India that was set up in ___ to strengthen and institutionalize the mechanism for maintaining financial stability, enhancing financial sector development, and inter-regulatory coordination.
(a) 2008
(b) 2010
(c) 2012
(d) 2014
(e) 2016

Q10. The FSDC is chaired by the ___ and comprises of heads of financial sector regulators, namely the Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), Insurance Regulatory and Development Authority of India (IRDAI), Pension Fund Regulatory and Development Authority (PFRDA), and the Ministry of Finance.
(a) Prime Minister
(b) President
(c) Union Home Minister
(d) Union Finance Minister
(e) Chief Justice of India

Q11. The FSDC has set up sub-committees to focus on specific issues. Currently, there are ___ sub-committees.
(a) One
(b) Two
(c) Three
(d) Four
(e) Five

Q12. What activities were undertaken by the FSDC Sub-Committee chaired by the RBI Governor?
(a) Early Warning Indicators for the economy and our preparedness to deal with them
(b) Simplification and Streamlining of KYC Framework to meet the needs of Digital India
(c) Bimakrit Bharat – Unique Value Proposition to take insurance to last mile
(d) All of the above
(e) None of the above

Q13. The All India Bank Employees’ Association (AIBEA) has announced plans to establish an online “Bank Clinic” to assist retail bank customers with grievance redressal. What is the primary purpose of the Bank Clinic introduced by AIBEA?
(a) To provide customers with a platform to raise their concerns and grievances
(b) To improve customer satisfaction and loyalty
(c) To provide feedback to banks on areas of service deficiencies
(d) Both A and B
(e) All of the above

Q14. Every year on May 11th, India observes National Technology Day to recognize and honor the remarkable accomplishments and contributions of its scientists, engineers, and technologists in the development of the country. What is the theme of this year’s National Technology Day in India?
(a) Technological Advancements in Agriculture
(b) Space Technology and Exploration
(c) School to Startups- Igniting Young Minds to Innovate
(d) Digital India and E-Governance
(e) Artificial Intelligence and Robotics

Q15. Which company has taken over as the global sponsor for ICC(as of May 2023)?
(a) Visa
(b) Mastercard
(c) American Express
(d) RuPay
(e) BharatPe

Solutions

S1. Ans.(a)
Sol. Saudi Arabia has officially stopped issuing visa stickers and replaced them with e-visas in seven countries. According to the Saudi Foreign Ministry, the decision to issue e-visas with QR codes came into effect from May 2023. Countries that will benefit from this initiative include Jordan, United Arab Emirates (UAE), Egypt, India, Bangladesh, the Philippines, and Indonesia.

S2. Ans.(a)
Sol. The Thai baht is the official currency of Thailand.

S3. Ans.(b)
Sol. INS Kesari and HTMS Saiburi participated in the 35th Indo-Thai CORPAT.

S4. Ans.(b)
Sol. The objective of the ‘Harit Sagar Guidelines – 2023’ is to achieve zero carbon emission goal by minimizing the impact on biotic components of the harbor ecosystem, using clean/green energy, developing port capabilities for storage, handling and bunkering of greener fuels, and promoting environmental-friendly practices.

S5. Ans.(e)
Sol. The ‘Harit Sagar Guidelines – 2023’ provide a comprehensive framework for the major ports to draw out a comprehensive action plan for achieving targeted outcomes in terms of quantified reduction in carbon emission over defined timelines, through focused implementation and close monitoring of green initiatives, and to achieve Sustainable Developmental Goals. The ports are also required to generate more renewable energy and implement environmental-friendly practices.

S6. Ans.(a)
Sol. The Deendayal Port, Kandla, received the award for the best absolute performance for the year 2022-23 for handling the highest cargo of 137.56 MMT.

S7. Ans.(b)
Sol. ICOMOS is the international advisory body that recommended Santiniketan for inclusion in the UNESCO World Heritage List.

S8. Ans.(a)
Sol. India has a total of 40 sites that have been awarded the UNESCO World Heritage tag. These include 32 cultural sites such as Agra Fort, Taj Mahal, Harappan-era site in Dholavira, Elephanta Caves, Red Fort complex in Delhi, and Mahabodhi Temple complex in Bodh Gaya in Bihar.

S9. Ans.(b)
Sol. The FSDC was set up in 2010 to strengthen and institutionalize the mechanism for maintaining financial stability, enhancing financial sector development, and inter-regulatory coordination.

S10. Ans.(d)
Sol. The FSDC is chaired by the Union Finance Minister and comprises of heads of financial sector regulators, namely the RBI, SEBI, IRDAI, PFRDA, and the Ministry of Finance.

S11. Ans.(c)
Sol. The FSDC has set up three sub-committees to focus on specific issues, namely the sub-committee on financial markets, the sub-committee on financial institutions, and the sub-committee on financial inclusion and literacy.

S12. Ans.(d)
Sol. The FSDC Sub-Committee chaired by the RBI Governor undertook various activities, including Early Warning Indicators for the economy, Simplification and Streamlining of KYC Framework, and Bimakrit Bharat – Unique Value Proposition to take insurance to last mile.

S13. Ans.(e)
Sol. The primary purpose of the Bank Clinic is to provide customers with a platform to raise their concerns and grievances and to improve customer satisfaction and loyalty, as well as to provide feedback to banks on areas of service deficiencies.

S14. Ans.(c)
Sol. School to Startups- Igniting Young Minds to Innovate. This year’s theme focuses on encouraging innovation and creativity among young minds in India and promoting the development of startups.

S15. Ans.(b)
Sol. Mastercard has taken over as the global sponsor for ICC, replacing BharatPe who held the position from June 2021 to the end of 2023.