Daily Current Affairs Quiz – 16th April 2022

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Dear Readers, Daily Current Affairs Questions Quiz for SBI, IBPS, RBI, RRB, SSC Exam 2022 of 16th April 2022. Daily GK quiz online for bank & competitive exam. Here we have given the Daily Current Affairs Quiz based on the previous days Daily Current Affairs updates. Candidates preparing for IBPS, SBI, RBI, RRB, SSC Exam 2022 & other competitive exams can make use of these Current Affairs Quiz.

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1) Every year, the World Art Day has been observed on 15 April globally. In which year it was observed first?

(a) 2016

(b) 2017

(c) 2018

(d) 2019

(e) 2020

2) Recently which of the following state has observed its foundation day on April 15?

(a) Assam

(b) Punjab

(c) Madhya Pradesh

(d) Uttar Pradesh

(e) Himachal Pradesh

3) Recently the Central Government has completed asset monetization worth Rs 96,000 crore during FY22. What is Government’s target?

(a) Rs 82,000 Crore

(b) Rs 88,000 Crore

(c) Rs 90,000 Crore

(d) Rs 96,000 Crore

(e) Rs 98,000 Crore

4) The Prime Minister has recently inaugurated the “Pradhan Mantri Sangrahalaya” in New Delhi. It covers the contributions of how many former Prime Ministers of the country?

(a) 10

(b) 11

(c) 12

(d) 13

(e) 14

5) As per the National Statistical Office (NSO) data, what is the retail inflation rate of India in March 2022?

(a) 6.50 percent

(b) 6.25 percent

(c) 6.95 percent

(d) 7.15 percent

(e) 7.25 percent

6) Which of the following bank recently signed a MoU to promote the special economic zone to Indian as well as global businesses?

(a) HDFC Bank

(b) ICICI Bank

(c) State Bank of India

(d) Punjab National Bank

(e) Bank of Baroda

7) Who amongst the following has recently authored the book titled “Hear Yourself” for the Indian subcontinent in Mumbai?

(a) Prem Rawat

(b) Ashish Mishra

(c) Pawan Rajput

(d) Amit Malviya

(e) Sudhir Singh

8) Who amongst the following has recently been appointed as the chairperson of the National Commission for Minorities for a period of 3 years?

(a) Iqbal Singh Lalpura

(b) Sukhpreet Singh

(c) Gurpreet Singh

(d) Syed Zafar Islam

(e) Syed Ghayorul Hasan Rizvi

9) Recently Mahesh Verma has been appointed as the new chairman of which of the following organizations?

(a) Steel Authority of India Limited

(b) Oil and Natural Gas Corporation

(c) Indian Oil Corporation Limited

(d) National Accreditation Board for Hospitals and Healthcare providers

(e) National Commission for SC/ST

10) Recently which two cities have been jointly recognized as 2021 Tree City of the World by Food and Agriculture Organization?

(a) Mumbai and Pune

(b) Mumbai and Hyderabad

(c) Mumbai and Indore

(d) Hyderabad and Indore

(e) Indore and Pune

11) Which country has recently signed a contract with HAL for imparting Phase-II flying training on Chetak Helicopter for its six officers of Army Aviation?

(a) Nepal

(b) Sri Lanka

(c) Bhutan

(d) Nigeria

(e) China

12) Which country has recently partnered with Telangana for promoting bilateral trade and investment through greater cooperation in the areas of SMEs and startups?

(a) Thailand

(b) Australia

(c) United States of America

(d) United Kingdom

(e) Japan

13) “NEFT is a nation wise payment system facilitating one to one funds transfer through STP”. What does STP stand for?

(a) Same through Processing

(b) Straight through Processing

(c) Systematic through Processing

(d) Straight through Processed

(e) Straight typed Processing

14) Mithun Manjunath has won the silver in the Men’s single of the Orleans Masters 2022. He is related to which game?

(a) Swimming

(b) Golf

(c) Weight-lifting

(d) Wrestling

(e) Badminton

15) Which of the following country would host the Street Child Cricket World Cup in 2023?

(a) West Indies

(b) India

(c) England

(d) Pakistan

(e) Australia

16) Recently R Praggnanandhaa has won the prestigious Reykjavik Open chess tournament by defeating whom?

(a) Karthik Bose

(b) Sourabh Iyer

(c) Ankur Batra

(d) D. Gukesh

(e) Abhimanyu Mishra

17) Which of the following bank recently launched Card-less Cash Withdrawal and Virtual Debit Card on its 128th foundation day?

(a) HDFC Bank

(b) ICICI Bank

(c) State Bank of India

(d) Punjab National Bank

(e) Bank of Baroda

18) _______ is the money which is available at high interest rates and hence restricts expenditure by companies.

(a) Hard Money

(b) Fiat Money

(c) Barren Money

(d) Hot Money

(e) Dear Money

19) As per the NABARD Act 1982, what is the Authorized Capital of NABARD?

(a) Rs 10,000 Crore

(b) Rs 20,000 Crore

(c) Rs 30,000 Crore

(d) Rs 40,000 Crore

(e) Rs 50,000 Crore

20) As per the Reserve Bank of India guidelines, what is the minimum tenure of certificate of deposits?

(a) 1 days

(b) 7 days

(c) 14 days

(d) 30 days

(e) 365 days

Answers :

1) Answer: D

World Art Day is observed every year on 15 April globally. World Art Day is marked to promote the development, diffusion and enjoyment of art and to spread awareness about the importance of art in our daily lives. World Art Day was first declared in 2019 during the 40th session of UNESCO’s General Conference.

2) Answer: E

April 15 is observed as Himachal Day. Decades later, in 1971, Himachal Pradesh became the 18th state in India with Shimla as its capital. It was on this day in 1948 that Himachal Pradesh was created as a province of India. The day is marked with a grand parade in the capital city of Shimla.

3) Answer: B

The Centre has completed asset monetization worth Rs 96,000 crore during FY22, surpassing the target of Rs 88,000 crore. For FY23, it has set itself a goal of Rs 1.62 trillion and already has a pipeline of assets worth Rs 1.6 trillion under advanced stages of implementation. However, the monetization target for the power ministry was set at Rs 7,700 crore.

4) Answer: E

Prime Minister Narendra Modi inaugurated the Pradhan Mantri Sangrahalaya in New Delhi on April 14.  The Sangrahalaya, located at the iconic Teen Murti complex, was inaugurated as part of Azadi ka Amrit Mahotsav a 75-week celebration launched. The Pradhan Mantri Sangrahalaya covers the lives and contributions of all the 14 former Prime Ministers of the country.

5) Answer: C

India’s annual retail inflation shot up to a 17-month high in March while factory output contracted sequentially in February, complicating policy choices for the central bank. The data released by the National Statistical Office (NSO) showed that the retail inflation rate rose to 6.95 percent in March from a year ago, remaining above the tolerance limit of the Reserve Bank of India (RBI) for the third straight month.

6) Answer: B

ICICI Bank and GIFT SEZ at GIFT City in Gandhinagar, Gujarat, signed a memorandum of understanding (MoU) to promote the special economic zone to Indian as well as global businesses including IT, IT-enabled services and financial services.

7) Answer: A

Indian Author, Prem Rawat has launched his new book titled “Hear Yourself” for the Indian subcontinent in Mumbai. This New York Times bestseller book is already available in 58 countries and five languages. It will help people understand their own potential and will help in finding peace in a noisy world.

8) Answer: A

The central government has re-appointed retired Punjab-cadre IPS Officer Iqbal Singh Lalpura as the chairperson of the National Commission for Minorities for a period of 3 years from the date of assumption of office. He replaced Syed Ghayorul Hasan Rizvi. Lalpura, who was first appointed as chairman in September 2021, had to resign from the post in December to contest as the BJP candidate from the Ropar assembly constituency, which he lost.

9) Answer: D

Guru Govind Singh Indraprastha University vice-chancellor Mahesh Verma has been appointed the new chairman of the National Accreditation Board for Hospitals and Healthcare providers (NABH). Mahesh Verma is an Indian prosthodontist and the Director and Principal of Maulana Azad Institute of Dental Sciences.

10) Answer: B

Mumbai and Hyderabad have been jointly recognized as 2021 Tree City of the World by the United Nations Food and Agriculture Organization (FAO) and Arbor Day Foundation. For a second consecutive year, Hyderabad has been recognized as a ‘Tree City of the World’ Hyderabad and Mumbai are placed alongside 136 other cities from 21 countries. As per the organization, 3, 50, 56,635 trees are planted in Hyderabad with 500 volunteer hours.

11) Answer: D

Hindustan Aeronautics Limited (HAL) signed a contract with the Nigerian Army for imparting Phase-II flying training on Chetak Helicopter for six officers of Nigerian Army Aviation. As part of the training, 70 hrs flying training would be imparted for each Nigerian Army Aviation Officer.

12) Answer: A

Telangana’s department of Industries and Commerce and Thailand’s Ministry of Commerce have agreed to collaborate for promoting bilateral trade and investment through greater cooperation in the areas of SMEs (small and medium enterprises) and startups. The MoU signing ceremony is also one of the special events to celebrate the milestone of the 75th anniversary of diplomatic relations between India and Thailand.

13) Answer: B

About NEFT:

  • It is a nation wise payment system facilitating one to one funds transfer.
  • No limit for minimum or maximum amount of transfer. (However, for amounts of Rs.2 Lakh and above, RTGS is used.)
  • It works on the system of STP – Straight through Processing.
  • With a view to promote digital transactions, the Reserve Bank of India (RBI) has allowed the round the-clock (24×7) transactions facility under the National Electronic Funds Transfer (NEFT) system to customers on all days including weekends and holidays from December 16,2019 NEFT Operates on 48 half and hourly basis.
  • No Charge for NEFT Transaction as per RBI’s latest guidelines.

14) Answer: E

In badminton, Indian Shuttler Mithun Manjunath had to settle for a silver medal after losing to home favourite Toma Junior Popov in the Men’s singles final of the Orleans Masters 2022 badminton tournament in Orleans, France. Playing in his maiden BWF final, the 79th ranked Indian Shuttler lost 11-21, 19-21 to world number 32 Frenchman at the Palais des Sports Arena.

15) Answer: B

India will host the Street Child Cricket World Cup in 2023. It was organized by Street Child United and Save the Children India; the Street Child Cricket World Cup 2023 will welcome 22 teams from 16 countries to India next year. In 2019, this championship was held in London where eight teams competed, and Team India South emerged victorious after beating hosts England.

16) Answer: D

Young Indian Grandmaster R Praggnanandhaa has won the prestigious Reykjavik Open chess tournament here with 7.5 points from nine rounds. The 16-year-old Praggnanandhaa defeated compatriot GM D Gukesh in the final round to emerge the sole winner. Abhimanyu Mishra picked up seven points and finished fifth.

17) Answer: D

On the occasion of the 128th foundation day, Punjab National Bank (PNB) launches Card-less Cash Withdrawal and Virtual Debit Card, along with a range of other select digital services on its mobile app named PNB One, for safe banking transactions. The new services were launched by Shri Atul Kumar Goel, MD & CEO of PNB, at the Banks head office in New Delhi.

18) Answer: E

The money which is available at high interest rates and hence restricts expenditure by companies is called Dear Money. Due to restricted money supply, interest rates will be pushed up. Hence, it is very difficult to raise money during this period of dear money.

19) Answer: C

About NABARD:

  • NABARD is an apex development bank, established in 1982 by a Special Act of the Parliament.
  • It has power to deal with all matters concerning policy, planning as well as operations in giving credit for agriculture and other economic activities in the rural areas.
  • It is Committee to Review the Arrangements for Institutional Credit for Agriculture and Rural Development” under the Chairmanship of B. Sivaraman.
  • Based on the recommendations, NABARD (National Bank for Agriculture and Rural Development) started functioning from 12th July, 1982.
  • It’s Authorized Capital: Rs 30,000 Crore.

20) Answer: B

About Certificate of Deposits (CD): 

  • It was introduced in 1989.
  • Scheduled commercial banks (except RRB, Local Area Banks), all India financial institutions are permitted by RBI to purchase the CD.
  • The tenure of CD is 7 days to one year.
  • Financial institutions cannot issue less than 1 year and not exceeding 3 years.
  • The denomination of CD is 1 lakh and multiple of it.

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