Daily Current Affairs - 12th June 2023

1.
Which edition of Miss World 2023 pageant will be hosted by India in November or December?
(A)
70th
(B)
71st
(C)
72nd
(D)
73rd

Correct Answer: (B)
Explanation: The 71st edition of the Miss World 2023 pageant will be hosted by India in November or December.

2.
The CSIR-Indian Institute of Toxicology Research (IITR) has developed an indigenous innovative rapid hemoglobin detection test kit called ________, a paper-based kit that gives results in just 30 seconds.
(A)
'FastHb'
(B)
'RapidHb'
(C)
'SenzHb'
(D)
'TestHb'

Correct Answer: (C)
Explanation: An indigenous innovative Rapid Haemoglobin Detection Test Kit named 'SenzHB' has been developed by the CSIR-Indian Institute of Toxicology Research (IITR).

3.
Cyclonic storm Biparjoy has developed in __________.
(A)
South China Sea
(B)
Arabian Sea
(C)
Mediterranean Sea
(D)
Caribbean Sea

Correct Answer: (B)
Explanation: Cyclone Biparjoy in the Arabia Sea has intensified into a severe cyclonic storm. It is the first cyclone in the Arabian Sea of this year.

4.
India finished in which position in the International Shooting Sport Federation Junior World Cup 2023?
(A)
First
(B)
Second
(C)
Third
(D)
Fourth

Correct Answer: (A)
Explanation: India finished on top in the International Shooting Sport Federation Junior World Cup.

5.
Chief Minister, which of the following states launched the biennial Integrated Water Resources Action Plan (2023-25)?
(A)
Haryana
(B)
Punjab
(C)
Uttar Pradesh
(D)
Madhya Pradesh

Correct Answer: (A)
Explanation: Haryana Chief Minister launched the biennial Integrated Water Resources Action Plan (2023-25).

6.
Which of the following will organize the first global summit on artificial intelligence safety?
(A)
Japan
(B)
China
(C)
Britain
(D)
India

Correct Answer: (C)
Explanation: The first global summit on artificial intelligence safety will be hosted by Britain later this year.

7.
In June 2023, five new countries have been elected as non-permanent members of the UN Security Council. Which of the following is not among them?
(A)
Algeria
(B)
South Korea
(C)
Slovenia
(D)
Thailand

Correct Answer: (D)
Explanation: Five new countries have been elected as non-permanent members of the UN Security Council.

8.
EU members agreed to reform migration and asylum laws. Which of the following statements is correct about it? 1. The new asylum and migration management regulation (AMMR) will replace the current Dublin regulation. 2. Countries refusing to accept refugees will be charged €20000 per person. Select the correct code:
(A)
1 only
(B)
2 only
(C)
Both 1 and 2
(D)
All of the above

Correct Answer: (C)
Explanation: ‘EU members agreed to reform migration and asylum laws. After the negotiations with Italy and Greece, European Union ministers agreed on a deal to overhaul the asylum laws.

9.
Who has recently launched the ‘SAGAR SAMRIDDHI’ dredging monitoring system?
(A)
Nitin Gadkari
(B)
Mansukh L. Mandaviya
(C)
Devanshi Viren Shah
(D)
Sarbananda Sonowal

Correct Answer: (D)
Explanation: Union Minister Sarbananda Sonowal launched the ‘SAGAR SAMRIDDHI’ dredging monitoring system.

10.
In June 2023, the Indian monsoon reached the coast of Kerala after the longest delay in _________ years.
(A)
Three
(B)
Four
(C)
Five
(D)
Six

Correct Answer: (B)
Explanation: Indian monsoon reached the coast of Kerala after a longest delay in four years.

11.
The Reserve Bank of India (RBI) has taken a significant step to enhance the trade receivables discounting system (TReDS) by allowing insurance companies to participate as stakeholders. Under the expanded TReDS guidelines, who can participate as financiers?
(A)
Banks and NBFC-Factors only
(B)
Insurance companies only
(C)
Entities permitted under the Factoring Regulation Act (FRA) and its rules
(D)
MSMEs

Correct Answer: (C)
Explanation: The RBI has expanded the pool of financiers by allowing all entities/institutions allowed to undertake factoring business under the FRA and its rules to participate as financiers on TReDS platforms.

12.
What company has recently received regulatory approval from IRDAI to enter the life insurance business in India?
(A)
Fairfax Group
(B)
Go Digit General Insurance
(C)
Securities and Exchange Board of India
(D)
Go Digit Life Insurance Limited

Correct Answer: (D)
Explanation: Go Digit Life Insurance Limited, the company backed by the Fairfax Group has obtained approval from IRDAI to carry out life insurance operations in India.

13.
What is the primary purpose of TReDS platforms?
(A)
Facilitating financing for large corporations
(B)
Improving cash flows for insurance companies
(C)
Ensuring a steady supply of goods for buyers
(D)
Enhancing cash flows for MSMEs

Correct Answer: (D)
Explanation: TReDS platforms were introduced by the RBI with the objective of facilitating the financing of trade receivables for Micro, Small, and Medium Enterprises (MSMEs) to improve their cash flows.

14.
How many insurers are currently operating in the Indian life insurance segment following the approval of Go Digit Life Insurance?
(A)
26
(B)
27
(C)
28
(D)
22

Correct Answer: (A)
Explanation: With the addition of Go Digit Life Insurance, the number of insurers in the Indian life insurance market has increased to 26.

15.
Which states will witness the expansion of AirJaldi Networks under the ‘Contentful Connectivity’ program?
(A)
Tamil Nadu, Gujarat, and Rajasthan.
(B)
Telangana, Chhattisgarh, and Odisha.
(C)
Karnataka, Maharashtra, and Punjab.
(D)
Uttar Pradesh, Bihar, and West Bengal.

Correct Answer: (B)
Explanation: Telangana, Chhattisgarh, and Odisha, as part of the program, AirJaldi Networks will expand its network to these three states, increasing the number of network locations and providing internet access to underserved beneficiaries in these regions.

16.
As the world enters an El Niño phase countries are bracing themselves for extreme weather events. What is El Niño?
(A)
A climate pattern characterized by cooler waters in the eastern Pacific
(B)
A climate pattern characterized by warmer waters in the eastern Pacific
(C)
A climate pattern characterized by stronger trade winds
(D)
A climate pattern characterized by increased rainfall in the Atlantic Ocean

Correct Answer: (B)
Explanation: El Niño is a climate pattern characterized by unusually warm waters in the eastern Pacific Ocean near the equator.

17.
What was the outcome of the RBI Monetary Policy meeting held in June 2023?
(A)
Repo rate increased by 0.25%
(B)
Repo rate decreased by 0.25%
(C)
Repo rate remained unchanged at 6.5%
(D)
None of the above

Correct Answer: (C)
Explanation: The Monetary Policy Committee (MPC) has announced that it will maintain the repo rate at 6.5%. The Standing Deposit Facility Rate remains at 6.25%, while the Marginal Standing Facility Rate and Bank Rate remain unchanged at 6.75%.

18.
Which naval exercise is conducted between the Indian Navy and the UAE Navy?
(A)
Exercise Shakti
(B)
Exercise Varuna
(C)
Gulf Star
(D)
Naseem-Al-Bahr

Correct Answer: (D)
Explanation: Naseem-Al-Bahr is a bilateral naval exercise between the Indian Navy and the UAE Navy. which aims to enhance maritime security, promote cooperation in anti-piracy operations, and strengthen naval ties between the two nations.

19.
Which endangered marine mammal is the main attraction of the Gulf of Mannar Marine National Park?
(A)
Dugong
(B)
Dolphin
(C)
Sea turtle
(D)
Whale shark

Correct Answer: (A)
Explanation: The Gulf of Mannar Marine National Park is known for its population of the endangered marine mammal, the Dugong.

20.
What action did the RBI take to address the surplus liquidity situation?
(A)
Conducted variable rate reverse repo (VRR) auctions
(B)
Decreased the repo rate
(C)
Increased the repo rate
(D)
None of the above

Correct Answer: (A)
Explanation: To address the surplus liquidity situation, the RBI conducted several variable rate reverse repo (VRR) auctions.

21.
How did Cyclone Biparjoy get its name?
(A)
The India Meteorological Department (IMD) named it
(B)
The World Meteorological Organization (WMO) named it
(C)
Pakistan named it, following the WMO’s naming protocol
(D)
Bangladesh named it, following the WMO’s naming protocol

Correct Answer: (D)
Explanation: The name Biparjoy was given to the cyclone by Bangladesh, following the World Meteorological Organization’s (WMO) naming protocol.

22.
Which of the following is not a characteristic of a tropical cyclone?
(A)
Eye
(B)
Eyewall
(C)
Spiral bands
(D)
Cumulus clouds

Correct Answer: (D)
Explanation: Cumulus clouds are not a characteristic of a tropical cyclone. Tropical cyclones are typically characterized by an eye, eyewall, spiral bands, and rainbands.

23.
According to Mercer’s Cost of Living survey, which city in India is identified as the most expensive for expatriates?
(A)
Mumbai
(B)
New Delhi
(C)
Bengaluru
(D)
Chennai

Correct Answer: (A)
Explanation: According to Mercer’s Cost of Living survey, Mumbai has been identified as the most expensive city for expatriates in India. The survey analyzed 227 cities across five continents to determine the cost of living for expats. Following Mumbai, New Delhi and Bengaluru ranked second and third respectively on the list.

24.
What special day is on June 12th?
(A)
World Day Against Child Labour
(B)
Human Rights Day
(C)
Anti-Drugs Day
(D)
None of the above

Correct Answer: (A)
Explanation: The World Day Against Child Labour is observed annually on June 12th.

25.
Which country hosted the Sixth Edition of Exercise Ekatha?
(A)
India
(B)
Nepal
(C)
Bangladesh
(D)
Maldives

Correct Answer: (D)
Explanation: The 6th edition of Exercise Ekatha was held in Maldives 3 between Indian Navy divers and Marine Commandos and Maldives National Defence Force (MNDF).