May 28, 2023 Current Affairs

1. Which service provider has become the first digital payments app to enable the linkage of 2 lakh Rupay credit cards to the Unified Payments Interface (UPI)?

A.    BHIM

B.    PhonePe

C.    Google Pay

D.    Paytm

Answer: Option (B)

Explanation:

In a groundbreaking achievement, PhonePe, the renowned digital payment service provider, has emerged as the frontrunner in the industry by becoming the first app to enable the linkage of a whopping 2 lakh Rupay credit cards to the Unified Payments Interface (UPI). This significant development has opened up new avenues for seamless transactions and enhanced convenience for users across the country. Let's delve deeper into this pioneering initiative by PhonePe and understand its implications for the digital payments landscape.

2. Which country has unveiled a USD 17-billion project linking Europe to West Asia?

A.    India

B.    Iraq

C.    Iran

D.    Israel

Answer: Option (B)

Explanation:

In a bold move that aims to enhance connectivity and foster economic growth, Iraq has recently unveiled plans for a massive USD 17-billion transportation project. This groundbreaking initiative seeks to establish a vital link between Europe and West Asia, promising to revolutionize trade and transport dynamics in the region. Let's explore the details of this ambitious project and its potential impact on global connectivity.

3. Which meeting of the NITI Aayog Governing Council was recently held in New Delhi?

A.    6th

B.    7th

C.    8th

D.    9th

Answer: Option (c)

Explanation:

The NITI Aayog Governing Council plays a pivotal role in shaping India's development agenda. Recently, the council's eighth meeting took place at the prestigious New Convention Center in Pragati Maidan, New Delhi. This significant gathering brought together prominent policymakers, experts, and key stakeholders to discuss and deliberate on crucial matters that would shape the nation's future. Let us delve into the highlights of this remarkable event.

4. Which actor has received Honoris Causa for his noble work at Apex University’s Jaipur?

A.    Sonu Sood

B.    Akshay Kumar

C.    Amir Khan

D.    Shahid Kapoor

Answer: Option (A)

Explanation:

At the 1st Convocation Ceremony of Apex University Jaipur, a renowned actor and philanthropist was bestowed with the esteemed Honoris Causa for his exceptional contributions.

5. Which bank has appointed Srikrishnan Harihara Sarma as MD and CEO?

A.    Canara Bank

B.    Yes Bank

C.    Karnataka Bank

D.    UCO Bank

Answer: Option (C)

Explanation:

In a significant move, private sector Karnataka Bank has recently announced the appointment of Srikrishnan Hari Hara Sarma as its new Managing Director and CEO. This decision marks an important step for the bank and has generated considerable interest in the financial sector. Let's delve deeper into this development and explore the implications it may have.

6. Which state government urged the Centre to direct PFRDA to return ₹9,242.6 crore deposited under NPS?

A.    Telangana

B.    Himachal Pradesh

C.    Punjab

D.    Rajasthan

Answer: Option (B)

Explanation:

In a significant move, the Chief Minister of Himachal Pradesh, Sukhvinder Singh Sukhu, has recently sought the intervention of the central government regarding the refund of a substantial amount deposited by the state government under the New Pension Scheme (NPS). This step has sparked discussions and raised questions about the financial implications and potential consequences.

7. Which state government has launched the 'Hamar Sughar Laik Abhiyan' in the 'Bharose Ka Sammelan' program?

A.    Chhattisgarh

B.    Maharashtra

C.    Odisha

D.    Sikkim

Answer: Option (A)

Explanation:

In a significant step towards women empowerment, the Chhattisgarh state government has launched the 'Hamar Sughar Laik Abhiyan' initiative. This transformative program was unveiled by Chief Minister Bhupesh Baghel during the 'Bharose Ka Sammelan' event held in Sankra, Durg district. Let's delve deeper into the details of this remarkable campaign and its impact.

8. Who has been appointed as the Tennis Ambassador for Sony Sports Network?

A.    Ankita Raina

B.    Sania Mirza

C.    Riya Bhatia

D.    Rutuja Bhosale

Answer: Option (B)

Explanation:

In an exciting development for tennis enthusiasts, Sony Sports Network has recently announced the appointment of Sania Mirza as their Tennis Ambassador. This collaboration between the leading sports broadcaster and the renowned tennis star is set to bring a fresh perspective and elevate the tennis viewing experience for fans across the globe.

9. Who recently received the Dag Hammarskjöld Medal from the United Nations?

A.    Shishupal Singh & Megha Sindhwani

B.    Sanwala Ram Vishnoi & Shishupal Singh

C.    Manjeet Singh & Shashi Tharoor

D.    Rekha Vashisht & Ruchika Kamboj

Answer: Option (B)

Explanation:

the Dag Hammarskjöld Medal serves as a reminder of the remarkable individuals who strive to make a positive impact on the world. Sanwala Ram Vishnoi and Shishupal Singh, the recent recipients of this prestigious award, have shown immense dedication and passion in their respective fields. Their contributions exemplify the core values of the United Nations and inspire us all to work towards a better future.

10. Who has been appointed as CII President for 2023-24?

A.    Ajay Verma

B.    Manish Sharma

C.    Nitin Kumar

D.    R Dinesh

Answer: Option (D)

Explanation:

In a significant development for the Confederation of Indian Industry (CII), R. Dinesh, the Executive Vice Chairman of TVS Supply Chain Solutions, has been elected as the President of the esteemed industry body for the year 2023. This appointment marks a new era for CII and holds great promise for the future of the Indian business landscape.

11. President Droupadi Murmu has inaugurated the new building of the Jharkhand High Court in which city, built at a cost of about ₹ 550 crores?

A.    Jamshedpur

B.    Ranchi

C.    Deoghar

D.    Sahibganj

Answer: Option (B)

Explanation:

The city of Ranchi, nestled in the heart of Jharkhand, witnessed a momentous event as President Droupadi Murmu unveiled the magnificent new building of the Jharkhand High Court. This architectural marvel, constructed at a staggering cost of approximately ₹550 crores, stands as a symbol of progress and justice for the state. Let us delve into the details of this grand inauguration and explore the significance of this new landmark for the legal system in Jharkhand.

12. How many opposition parties refused to attend the ceremony when India's Prime Minister inaugurated the new parliament building?

A.    10

B.    15

C.    20

D.    25

Answer: Option (C)

Explanation:

India's political landscape was rocked recently as the country's Prime Minister inaugurated a magnificent new parliament building. However, what was meant to be a momentous occasion was overshadowed by a significant boycott. In a surprising turn of events, a substantial number of opposition parties chose to abstain from attending the ceremony.

13. In which Indian state did 23 MLAs and AICC secretary N.S. Boseraju take oath as ministers?

A.    Goa

B.    Mizoram

C.    Goa

D.    Karnataka

Answer: Option (D)

Explanation:

In a recent political development, 23 MLAs and AICC Secretary N.S. Boseraju took oath as ministers in one of the Indian states. This move has sparked curiosity and raised questions about the political dynamics of the region. Let's delve into the details and uncover the state where this significant event unfolded.

14. According to the Bank of Baroda's economic research department (ERD), in which range is India's GDP expected to grow in FY 24?

A.    5-5.4%

B.    6-6.5%

C.    7-7.2%

D.    7-8%

Answer: Option (B)

Explanation:

In a recent report by the Bank of Baroda's economic research department (ERD), India's GDP growth for the fiscal year 2024 is projected to fall within an optimistic range. This article delves into the findings of the ERD and sheds light on the factors contributing to India's economic growth. Let's explore the anticipated growth rate, key sectors, and the overall outlook for India's economy in the upcoming fiscal year.

15. The Reserve Bank of India has recently approved the merger of which two banks?

A.    Maratha Sahakari Bank & The Cosmos Co-operative Bank

B.    Maratha Sahakari Bank & The Bandhan Bank

C.    Maratha Sahakari Bank & The Saraswat Co-operative Bank

D.    Maratha Sahakari Bank & The Bharat Co-operative Bank

Answer: Option (A)

Explanation:

In a recent announcement, the Reserve Bank of India (RBI) has given its approval for the voluntary Scheme of Amalgamation of Maratha Sahakari Bank with The Cosmos Co-operative Bank. This significant merger, set to take effect from May 29, 2023, marks a major development in the Indian banking sector. Let's delve deeper into the details of this merger and its implications.

16. The Asian Development Bank (ADB) and the Indian government have recently signed a loan agreement worth $141.12 million to support the development of high-quality internal infrastructure in which state?

A.    Andhra Pradesh

B.    Assam

C.    Gujarat

D.    Madhya Pradesh

Answer: Option (A)

Explanation:

In a significant move towards bolstering internal infrastructure, the Asian Development Bank (ADB) and the Indian government have joined hands to sign a loan agreement worth $141.12 million. This collaboration aims to support the development of high-quality infrastructure within a specific state in India.