Daily Current Affairs - 29th June 2023

1.
Infosys has signed a _____ deal with Danske Bank to boost digital transformation.
(A)
$454 million
(B)
$554 million
(C)
$458 million
(D)
$484 million

Correct Answer: (A)
Explanation: On 26 June, India's second-largest IT services firm Infosys signed an agreement with Denmark-based Danske Bank to accelerate the lender's digital transformation. The deal is valued at $454 million for five years, with an option to renew for one additional year up to three times.

2.
Which university in India has secured the 48th rank in the Times Higher Education Asia University Rankings 2023?
(A)
International Institute of Information Technology, Hyderabad
(B)
Indian Institute of Technology, Ropar
(C)
JSS Academy of Higher Education and Research
(D)
Indian Institute of Science Bangalore

Correct Answer: (D)
Explanation: IISc Bangalore has been ranked top in the Indian Institute in THE Asian University Rankings 2023.

3.
Who has been appointed as Managing Director of DBS Bank India?
(A)
Rajat Verma
(B)
Ajay Verma
(C)
Mithlesh Kumar
(D)
Niraj Mittal

Correct Answer: (A)
Explanation: Rajat Verma, formerly heading HSBC, will be the new Managing Director of DBS Bank.

4.
Which is the highest producer of Queen Pineapple in India?
(A)
Manipur
(B)
Rajasthan
(C)
Tripura
(D)
Assam

Correct Answer: (C)
Explanation: In India, Pineapple is mainly produced in Tripura.

5.
India’s Current Account Deficit declined to _____ of GDP in the January-March quarter of the fiscal year 2022-23.
(A)
0.8%
(B)
0.5%
(C)
0.2%
(D)
1.2%

Correct Answer: (C)
Explanation: India’s Current Account Deficit declined to 1.3 billion dollars (0.2% of GDP) in the January-March quarter of the fiscal year 2022-23.

6.
CJI Dr. Justice D Y Chandrachud laid the foundation stone of the new complex of Jammu & Kashmir and Ladakh High Court in which of the following areas?
(A)
Raika
(B)
Panjthirthi
(C)
Patnitop
(D)
Sanasar

Correct Answer: (A)
Explanation: The complex is located in the Raika area on the outskirts of Jammu city.

7.
Odisha government in association with_____________launched Odisha Gunvatta Sankalp.
(A)
QCI
(B)
FICCI
(C)
EEPC
(D)
All of the above

Correct Answer: (A)
Explanation: Odisha government in association with QCI launched Odisha Gunvatta Sankalp.

8.
The government allowed Aadhaar authentication for registration for births and deaths. Aadhaar is a how many-digit individual identification number.
(A)
12
(B)
14
(C)
16
(D)
18

Correct Answer: (A)
Explanation: Aadhaar is a 12-digit individual identification number issued by the Unique Identification Authority of India.

9.
Swachh Survekshan was started under the Ministry of Housing and Urban Affairs in which year?
(A)
2018
(B)
2017
(C)
2016
(D)
2019

Correct Answer: (C)
Explanation: Swachh Survekshan was started under the Ministry of Housing and Urban Affairs in 2016.

10.
Union Minister Narayan Rane has launched the ‘CHAMPIONS 2.0 Portal’. Which of the following statements is correct? 1. The ‘CHAMPIONS’ portal was launched on 1 June 2022. 2. It is an ICT-based system for grievance redressal and information dissemination to MSMEs. Select the correct code:
(A)
1 only
(B)
2 only
(C)
1 and 2
(D)
None of the above

Correct Answer: (B)
Explanation: Union Minister Narayan Rane has launched the ‘CHAMPIONS 2.0 Portal, On the occasion of MSME Day, the ‘CHAMPIONS 2.0 Portal’ has been launched by Union Minister Narayan Rane.

11.
Consider the following statements, with respect to National Bank for Financing Infrastructure and Development (NaBFID) 1. It is a specialized Development Finance Institution in India aimed at supporting the country's infrastructure sector 2. It was set by an Act of the Parliament with the objectives of addressing the gaps in short-term finance for infrastructure development Which of the statements given above is/are correct?
(A)
1 only
(B)
2 only
(C)
Both 1 and 2
(D)
Neither 1 nor 2

Correct Answer: (A)
Explanation: The National Bank for Financing Infrastructure and Development (NaBFID) is a specialized Development Finance Institution in India aimed at supporting the country's infrastructure sector, which can significantly gain from an enabling credit flow by means of attractive instruments and channelized investment.

12.
With reference to the 'Indian Ocean Dipole (IOD)' sometimes mentioned in the news while forecasting the Indian monsoon which of the following statements is/are correct? 1. IOD phenomenon is characterized by a difference in sea surface temperature between the tropical Western Indian Ocean and the tropical Eastern Pacific Ocean. 2. An IOD phenomenon can influence an EI Nino's impact on the monsoon. Which of the statements given above is/are correct?
(A)
1 only
(B)
2 only
(C)
Both 1 and 2
(D)
Neither 1 nor 2

Correct Answer: (B)
Explanation: Indian Ocean Dipole (IOD) It is the difference in sea surface temperature between two poles or areas (hence a dipole) i.e. an eastern pole in the eastern Indian Ocean south of Indonesia, and a western pole in the Arabian Sea (western Indian Ocean).

13.
Which of the following Indian states shares International territorial boundaries with other nations 1. Manipur 2. Mizoram 3. Meghalaya 4. Assam Select the correct answer using the code given below.
(A)
1, 2 and 3 only
(B)
1 and 2 only
(C)
3 and 4 only
(D)
1, 2, 3 and 4

Correct Answer: (D)

14.
Which of the following deficits are related Twin deficit situation 1. Fiscal deficit 2. Current Account Deficit 3. Revenue deficit Select the correct answer using the code given below
(A)
1 and 2 only
(B)
2 and 3 only
(C)
1 & 3 only
(D)
1, 2 & 3

Correct Answer: (A)
Explanation: Twin deficit refers to the situation when an economy suffers from both the fiscal deficit and the Current Account Deficit. Recently, India’s current account deficit (CAD), a key indicator of the external sector, narrowed to $1.3 billion, or 0.2 percent of the gross domestic product (GDP), in the January-March quarter (Q4) of fiscal 2022-2023 (FY23), mainly on account of moderation in trade gap and rise in services exports.

15.
National Company Law Appellate Tribunal (NCLAT) hears the appeals against the orders of: 1. National Company Law Tribunal 2. Insolvency and Bankruptcy Board of India 3. The Competition Commission of India (CCI). Which of the statements given above is/are correct?
(A)
1 only
(B)
2 & 3 only
(C)
1 & 3 only
(D)
1, 2 & 3

Correct Answer: (D)
Explanation: National Company Law Appellate Tribunal (NCLAT) was established on 1st June 2016 under the Companies Act, 2013. The NCLAT are quasi-judicial bodies in India that adjudicate issues relating to Indian Companies.

16.
Consider the following statements with respect to Human Shield Effect 1. It refers to the concept of a mesopredator using human activity to protect itself from its predators. 2. This effect resulted in the reduction of mortality due to large predators but increased mortality from human activity. Which of the above statements is/are correct?
(A)
1 only
(B)
2 only
(C)
Both 1 and 2
(D)
Neither 1 nor 2

Correct Answer: (C)
Explanation: Human Shield Effect is a phenomenon where Mesopredators (medium-sized predators) use human activity to protect themselves from large predators. Mesopredators or subordinate species are confirmed to use human activity to ward off large carnivores, despite humans posing more of a danger to them. The human shield effect has been observed in a variety of animals, including samango monkeys, zebras, and moose.

17.
Consider the following statements with respect to NANDI Portal 1. It is a portal to ensure the timely vaccination of bovines, small ruminants, and pigs in India. 2. The portal was developed by the Department of Animal Husbandry and Dairying. 3. In India, the Ministry of Fisheries, Animal Husbandry, and Dairying give final approval for veterinary drugs and vaccines. How many of the statements given above are correct?
(A)
Only one
(B)
Only two
(C)
All three
(D)
None

Correct Answer: (A)
Explanation: Recently Union Minister of Fisheries, Animal Husbandry & Dairying launched the Nandi portal o expedite the regulatory process for approval of animal drugs and vaccines Nandi - NOC Approval for New Drug and Inoculation System. Nandi portal to timely process applications and grant non-objection certification (NOC) for veterinary drugs and vaccines.

18.
Consider the following statements with respect to Unnat Takniki Pradarshan Kendra 1. It is a dedicated center of excellence to accelerate the adoption of energy-efficient technologies by Indian industries. 2. It will be set up by the Ministry of New and Renewable Energy (MNRE). Which of the statement(s) given above is/are correct?
(A)
1 only
(B)
2 only
(C)
Both 1 and 2
(D)
Neither 1 nor 2

Correct Answer: (A)
Explanation: Recently Ministry Of Power established UTPRERAK, a Centre of Excellence to Accelerate Adoption of Energy Efficient Technologies in Indian Industry. It is a Centre of Excellence to accelerate the adoption of energy efficient technologies. It seeks to play a catalytic role in improving energy efficiency of Indian industry. UTPRERAK is also known as the Advanced Industrial Technology Demonstration Centre (AITDC).

19.
Consider the following statements with respect to Greedflation 1. Greedflation is when corporates raise prices more than necessary to cover costs, which can lead to even higher inflation. 2. It is driven by the wage-price spiral. Which of the following statement(s) is/are correct?
(A)
1 only
(B)
2 only
(C)
Both 1 and 2
(D)
Neither 1 nor 2

Correct Answer: (A)
Explanation: Greedflation is a cause of concern to developed regions like the USA and Europe and it can be India’s too Greedflation is a situation where corporate greed is fuelling inflation.

20.
Consider the following statements with respect to Flash Floods 1. It refers to a flood caused by heavy or excessive rainfall within 24 hours. 2. It occurs in regions with broad and gradually sloped rivers. 3. Wildfires have a significant impact on flash floods. How many of the statements given above are correct?
(A)
Only one
(B)
Only two
(C)
All three
(D)
None

Correct Answer: (A)
Explanation: Recently flash floods in Haryana and Himachal Pradesh have led to landslides According to Indian Meteorological Department (IMD), a flood caused by heavy or excessive rainfall in a short period of time, generally less than 6 hours is referred to as flash floods.

21.
Q1. Which Muslim community is closely associated with the Al-Hakim Mosque?
(A)
Dawoodi Bohra Muslims
(B)
Sunni Muslims
(C)
Sufi Muslims
(D)
Shia Muslims

Correct Answer: (A)
Explanation: The Dawoodi Bohra community has a strong connection with the Al-Hakim Mosque, and their historical roots and spiritual heritage are closely associated with it.

22.
Where was the 1,000-year-old ‘dwarapala’ sculpture discovered?
(A)
Siddipet, Telangana
(B)
Hyderabad, Telangana
(C)
Warangal, Telangana
(D)
Ghanpur, Telangana

Correct Answer: (A)
Explanation: The sculpture was found in the paddy fields of Malyala village, Narayanraopet in Siddipet.

23.
What is the purpose of the USD 255.5 million loan granted by the World Bank to India?
(A)
Improving technical education
(B)
Enhancing healthcare infrastructure
(C)
Promoting renewable energy projects
(D)
Supporting agricultural development

Correct Answer: (A)
Explanation: The loan aims to enhance the quality of technical education in government-run institutions across India

24.
According to the Global Startup Ecosystem Report 2023, which city holds the top position in the global startup ecosystem rankings?
(A)
Silicon Valley
(B)
New York City
(C)
Silicon Valley
(D)
London

Correct Answer: (A)
Explanation: The report states that Silicon Valley remains at the top position in the global startup ecosystem rankings.

25.
Which city secured the 20th position in the Global Startup Ecosystem Report 2023 (GSER 2023)?
(A)
Bengaluru
(B)
Pune
(C)
Mumbai
(D)
Delhi

Correct Answer: (A)
Explanation: Bengaluru climbed two spots to secure the 20th position in the GSER 2023.