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April 18, 2023 Current Affairs

1. What is the amount of bilateral trade target that India and Russia have surpassed before the target year of 2025?

A.       30 billion dollars

B.       32 billion dollars

C.       34 billion dollars

D.      36 billion dollars

Answer: Option: (A)

Explanation:

In the world of international trade, partnerships between countries play a crucial role in fostering economic growth and strengthening diplomatic ties. India and Russia, two influential nations with a long history of collaboration, set an ambitious bilateral trade target to achieve by the year 2025.


 

2. In which state did the Department of Posts release a special cover on the Mahila Samman Savings Scheme?

A.    Telangana

B.    Odisha

C.    Kerala

D.    Chhattisgarh

Answer: Option: (A)

Explanation:

In a remarkable step towards women empowerment, the Department of Posts in Telangana recently released a special cover on the Mahila Samman Savings Scheme. This initiative aims to uplift women financially and empower them to take control of their financial future.


 

3. Which state has chosen Ernst & Young as a consultant for the analysis of 50 selected Public Sector Undertakings (PSUs) in the state?

A.    Gujarat

B.    Nagaland

C.    Tamil Nadu

D.    Bihar

Answer: Option: (C)

Explanation:

In a significant move towards enhancing efficiency and transparency in the public sector, the state of Tamil Nadu has chosen Ernst & Young (EY) as a consultant for the analysis of 50 selected Public Sector Undertakings (PSUs) in the state. This strategic decision aims to leverage the expertise of EY to optimize operations, identify areas for improvement, and promote sustainable growth within the PSUs. Let's delve deeper into this collaboration and its potential implications.


 

4. Which traditional folk dance recently entered the Guinness Book of World Records for the largest traditional dance performed at a single venue?

A.    Kaligopal

B.    Bagurumba

C.    Natpuja

D.    Bihu

Answer: Option: (D)

Explanation:

Bihu, the vibrant and energetic folk dance of Assam, has rightfully claimed its place in the Guinness Book of World Records. With its rich history, rhythmic beats, expressive movements, and cultural significance, Bihu continues to enchant audiences worldwide. This remarkable dance form not only preserves Assam's cultural heritage but also serves as a reminder of the resilience and spirit of its people. So, let's celebrate the joyous spirit of Bihu and embrace the cultural diversity it represents.


 

5. In which city did Union Minister Dr. Jitendra Singh launch ‘YUVA PORTAL’ to identify potential young Start-Ups?

A.    Jammu

B.    New Delhi

C.    Chennai

D.    Shillong

Answer: Option: (B)

Explanation:

In a significant move towards supporting the innovators of tomorrow, Union Minister Dr. Jitendra Singh recently unveiled the groundbreaking 'YUVA PORTAL' in the vibrant city of New Delhi. This online platform aims to identify and nurture potential young start-ups, revolutionizing the entrepreneurial landscape in the country. Let's delve into the details of this game-changing initiative and explore its immense potential for fostering a culture of innovation and enterprise.


 

6. Since which year has the first World Heritage Day been celebrated?

A.    1983

B.    1984

C.    1985

D.    1986

Answer: Option: (A)

Explanation:

World Heritage Day is an annual celebration that brings attention to the importance of preserving and protecting our cultural and natural heritage. It serves as a reminder of the rich history and diverse cultural treasures that exist around the globe.


 

7. Which bank has appointed Sekhar Rao as the interim MD and CEO?

A.    Yes Bank

B.    Karnataka Bank

C.    UCO Bank

D.    Axis Bank

Answer: Option: (B)

Explanation:

the appointment of Sekhar Rao as the interim MD and CEO of Karnataka Bank marks a significant milestone for the institution. It reflects the bank's commitment to finding capable leaders who can drive growth and navigate challenges in the ever-evolving banking landscape. As customers and stakeholders eagerly watch the developments at Karnataka Bank, it is clear that the appointment of Sekhar Rao holds immense promise for the future success of the bank.


 

8. Which country issued a 5-point guideline for the limited import of films made in the languages of 'the Indian subcontinent'?

A.    Switzerland

B.    Nigeria

C.    Oman

D.    Bangladesh

Answer: Option: (D)

Explanation:

Bangladesh, a country known for its rich cultural heritage and vibrant film industry, recently made headlines with its issuance of a 5-point guideline for the limited import of films made in the languages of 'the Indian subcontinent'. This move has sparked interest and discussions within the entertainment industry, raising questions about its implications and significance.


 

9. By which year does CREDAI plan to develop 4000 certified green buildings in partnership with IGBC?

A.    2031

B.    2030

C.    2028

D.    2029

Answer: Option: (B)

Explanation:

In recent years, the importance of sustainable development and eco-friendly practices has gained significant momentum. As we strive to preserve our planet for future generations, organizations like CREDAI (Confederation of Real Estate Developers' Associations of India) have taken a proactive role in promoting green building initiatives.


 

10. Indian Oil and US-based Lanzajet Inc set up India's first green aviation fuel production unit in ______.

A.    Punjab

B.    Rajasthan

C.    Haryana

D.    Karnataka

Answer: Option:: (C)

Explanation:

In an exciting partnership between Indian Oil and US-based Lanzajet Inc, India has stepped into a greener future with the establishment of its first green aviation fuel production unit. This groundbreaking initiative aims to revolutionize the aviation industry by producing eco-friendly fuel in the state of Haryana.


 

11. Which country approved India's SJVN investment proposal for Lower Arun Hydropower Project?

A.    France

B.    Nepal

C.    Russia

D.    Japan

Answer: Option: (B)

Explanation:

In a significant development, Nepal has given its approval to India's SJVN investment proposal for the Lower Arun Hydropower Project. This collaboration marks a crucial step towards harnessing Nepal's abundant hydropower resources while strengthening the bilateral ties between the two nations.


 

12. What is India's rank in being the highest donor to the United Nations Democracy Fund?

A.    Fifth

B.    Second

C.    Third

D.    Fourth

Answer: Option: (D)

Explanation:

India's rank as the fourth highest donor to the United Nations Democracy Fund exemplifies its unwavering commitment to promoting democratic values and global development. Through its contributions, India plays a significant role in empowering marginalized communities, enhancing citizen participation, and fostering sustainable democratic governance. As India continues to make remarkable strides on the global stage, its dedication to the UNDEF serves as a testament to its vision for a more democratic and inclusive world.


 

13. Craig Breen, a famous rally driver who recently passed away, represented which country?

A.    Iraq

B.    Fiji

C.    Ireland

D.    Finland

Answer: Option: (C)

Explanation:

Craig Breen, a renowned rally driver, left an indelible mark on the world of motorsport before his untimely passing. Hailing from a country with a rich rallying heritage, Breen's talent and passion for speed propelled him to great heights.


 

14. What is the percentage of Wholesale Price-based Inflation (WPI) for March 2023, which declined to a 29-month low?

A.    1.30%

B.    1.32%

C.    1.34%

D.    1.36%

Answer: Option: (C)

Explanation:

Inflation is a crucial economic indicator that affects various aspects of our daily lives. One of the measures used to track inflation is Wholesale Price-based Inflation (WPI). In March 2023, WPI experienced a significant decline, reaching a 29-month low.


 

15. Where did the Union Ayush Ministry organize a national conference on female infertility?

A.    Haridwar

B.    Chandigarh

C.    Patna

D.    New Delhi

Answer: Option (D)

Explanation:

Female infertility is a significant concern that affects many women around the world. To address this pressing issue, the Union Ayush Ministry recently organized a national conference in New Delhi.


 

16. In which country did the ADB provide USD 230 million for flood rehabilitation?

A.    India

B.    Bangladesh

C.    Germany

D.    Israel

Answer: Option: (B)

Explanation:

In a world grappling with climate change-induced disasters, Bangladesh has been particularly vulnerable to devastating floods. Recognizing the urgent need for aid and rehabilitation, the Asian Development Bank (ADB) stepped in, providing a staggering USD 230 million in financial assistance to support flood rehabilitation efforts in the country.


 

17. In which state will the Tribal Affairs Minister Arjun Munda launch the Marketing, Logistics Development for the PTP-NER scheme?

A.    Telangana

B.    Meghalaya

C.    Manipur

D.    Kerala

Answer: Option: (C)

Explanation:

In a significant move towards empowering the tribes of Northeast India, the Tribal Affairs Minister Arjun Munda is all set to launch the Marketing and Logistics Development for the PTP-NER scheme. This ambitious initiative aims to uplift the tribal communities in the region, fostering economic growth, and ensuring their overall development. Amongst the beautiful states of the Northeast, Manipur has been chosen as the launching ground for this transformative scheme.


 

18. As per the National Securities Depository, which country was the highest source of foreign portfolio investment (FPI) in India in FY23?

A.    UAE

B.    Uganda

C.    UK

D.    USA

Answer: Option: (D)

Explanation:

After careful analysis of the data provided by the National Securities Depository, we can confidently conclude that the highest source of foreign portfolio investment (FPI) in India during FY23 was the United States of America (USA). The USA's strong financial markets, investor confidence, and interest in the Indian economy contributed to this outcome. As India continues to attract FPI from various countries, it is essential to monitor and analyze these trends to understand the dynamics of the global investment landscape.


 

19. In which country did the multilateral exercise Orion, in which the Indian Air Force and French Air and Space Force are taking part, begin?

A.    France

B.    Greece

C.    Kuwait

D.    Netherlands

Answer: Option: (A)

Explanation:

The multilateral exercise Orion has brought together the Indian Air Force and the French Air and Space Force in a collaborative training endeavor. This exercise aims to strengthen the ties between the two nations and enhance their operational capabilities. Let's delve into the details of this exciting exercise and its significance.


 

20. Which country became India's largest trading partner in the financial year 2022-23?

A.    America

B.    Australia

C.    Austria

D.    Afghanistan

Answer: Option: (A)

Explanation:

In the dynamic landscape of global trade, countries forge and strengthen partnerships to foster economic growth and development. The financial year 2022-23 witnessed a significant shift in India's largest trading partner, as America emerged at the forefront of this bilateral relationship.


 

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