18th April Daily Current Affairs 2023 Quiz – Welcome to the 18th April 2023 Daily Current Affairs. Today we bring you the latest happenings from around the world, ranging from politics, sports, and entertainment. Stay up-to-date with the most recent news and events by reading our comprehensive coverage of the 18th April 2023 current affairs. And don’t forget to test your knowledge by taking our Daily Current Affairs Quiz to see how much you know about today’s top stories. Let’s dive in!
18th April 2023 Daily Current Affairs Quiz | Multiple Choice Questions
1. Who is addressing the inaugural session of the Global Buddhist Summit on April 20 and 21?
A) President Droupadi Murmu
B) Prime Minister Narendra Modi
C) Minister Of External Affairs of India S. Jaishankar
D) Minister of Finance Minister of Corporate Affairs Nirmala Sitharaman
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Answer: B) Prime Minister Narendra Modi
Explanation: Prime Minister Narendra Modi will address the inaugural session of the Global Buddhist Summit on April 20 and 21. The two-day summit is being hosted by the Ministry of Culture in collaboration with the International Buddhist Confederation. The theme of the summit is “Responses to Contemporary Challenges: Philosophy to Praxis”. The summit aims to engage the global “Buddhist Dhamma” leadership and scholars on the matters of Buddhist and universal concerns and to come up with policy inputs to address them collectively. The discussion at the summit will explore how the Buddha Dhamma’s fundamental values can provide inspiration and guidance in contemporary settings.
2. When is World Heritage Day observed every year?
A) April 16th
B) April 17th
C) April 18th
D) April 19th
Answer: C) April 18th
Explanation: World Heritage Day, also known as International Day for Monuments and Sites, is observed every year on April 18th to raise awareness about the importance of protecting cultural heritage and to celebrate the diversity of the world’s heritage.
3. Who has been appointed as the interim managing director and chief executive officer of Karnataka Bank by the RBI?
A) Mahabaleshwara M S
B) Sekhar Rao
C) Shyam Srinivasan
D) Prashant Kumar
Answer: B) Sekhar Rao
Explanation: Sekhar Rao, the executive director of Karnataka Bank, has been appointed as the interim managing director and chief executive officer by the RBI for a duration of three months starting from April 15, 2023, or until the appointment of a regular managing director and chief executive officer, whichever comes first. This appointment is necessary as the term of office of the previous managing director and chief executive officer, Mahabaleshwara M S, has concluded on April 14, 2023.
4. According to recent figures released by the Indian Ministry of Commerce, which country is the second most significant export destination for India during the financial year 2022-23?
A) China
B) UAE
C) Japan
D) Germany
Answer: B) UAE
Explanation: As per the recent figures, UAE remains the second most significant export destination for India during the financial year 2022-23. The US and UAE held onto their first and second positions, respectively. The Indian Ministry of Commerce released these figures, which indicate a six percent increase in India’s overall exports of goods and services during the financial year that concluded last month.
5. Which of the following statements regarding the Rupee Vostro Account system is true?
A) It is a financial arrangement that enables domestic banks to conduct transactions in foreign currency with foreign banks.
B) The term “vostro” is derived from the Latin phrase “in nostro vostro,” which means “in our account, in our account.”
C) The system provides a secure and transparent mechanism for domestic banks to conduct transactions in foreign currency without having to set up a local branch in a foreign country.
D) The Reserve Bank of India (RBI) regulates the Rupee Vostro Account system, which allows foreign banks to maintain accounts with domestic banks to facilitate trade and investment activities in India.
Answer: D) The Reserve Bank of India (RBI) regulates the Rupee Vostro Account system, which allows foreign banks to maintain accounts with domestic banks to facilitate trade and investment activities in India.
Explanation: The Rupee Vostro Account system is a financial arrangement that enables foreign banks to conduct transactions in Indian rupees with domestic banks. The term “vostro” is derived from the Latin phrase “in nostro vostro,” which translates to “in our account, in your account.” The system provides a secure and transparent mechanism for foreign banks to conduct transactions in Indian rupees without having to set up a local branch in India. The Reserve Bank of India (RBI) regulates this system, which allows foreign banks to maintain accounts with domestic banks to facilitate trade and investment activities in India.
6. Which of the following statements is true regarding the Defence Research and Development Organisation (DRDO) Industry Academia Centre of Excellence (DIA-CoE) at Indian Institutes of Technology Hyderabad (IIT-H)?
A) It is one of 15 DIA-CoEs in the country.
B) It is the smallest centre among all DIA-CoEs in the country.
C) DRDO team will not work with IIT-H to identify the target projects.
D) The centre will not execute projects in a period of 3-5 years.
Answer: A) It is one of 15 DIA-CoEs in the country.
Explanation: The given statement mentions that the Defence Research and Development Organisation (DRDO) Industry Academia Centre of Excellence (DIA-CoE) at Indian Institutes of Technology Hyderabad (IIT-H) is the largest centre among all 15 DIA-CoEs in the country.
7. Who among the following attended the press briefing regarding the debt restructuring process among creditors?
A) Prime Minister Narendra Modi
B) Finance Minister Nirmala Sitharaman
C) External Affairs Minister S Jaishankar
D) Home Minister Amit Shah
Answer: B) Finance Minister Nirmala Sitharaman
Explanation: Finance Minister Nirmala Sitharaman attended the press briefing on the margins of the annual spring meetings of the World Bank and the International Monetary Fund (IMF) regarding the debt restructuring process among the creditors. The purpose of the event was to demonstrate multilateral cooperation among the creditors with Sri Lanka.
8. Which of the following statements is true about the bilateral trade between India and the United States in the fiscal year 2022-23?
A) The bilateral trade between India and the United States declined by 7.65% to reach $128.55 billion.
B) The bilateral trade between India and the United States remained stagnant at $119.5 billion in the fiscal year 2022-23.
C) The bilateral trade between India and the United States increased by 7.65% to reach $128.55 billion in the fiscal year 2022-23.
D) The bilateral trade between India and the United States decreased by 2.81% to reach $78.31 billion in the fiscal year 2022-23.
Answer: C) The bilateral trade between India and the United States increased by 7.65% to reach $128.55 billion in the fiscal year 2022-23.
Explanation: According to provisional data from the commerce ministry, the bilateral trade between India and the United States has increased by 7.65% to reach $128.55 billion in the fiscal year 2022-23. This represents an increase from $119.5 billion in the previous year and $80.51 billion in 2020-21. The statement also mentions that exports to the US rose by 2.81 per cent to USD 78.31 billion in 2022-23 as against USD 76.18 billion in 2021-22, while imports grew by about 16 per cent to USD 50.24 billion.
9. How was Odisha State Capability and Resilient Growth Program funded by the World Bank?
A) Through a 100 million USD loan
B) Through a 50 million USD grant
C) Through a 200 million USD loan
D) Through a 75 million USD grant
Answer: A) Through a 100 million USD loan
Explanation: The World Bank has approved a 100 million USD loan for the implementation of the Odisha State Capability and Resilient Growth Program. The program aims to strengthen the state’s early forecasting system for disaster management and provide social protection coverage for vulnerable households. The loan will support Odisha’s efforts to enhance its disaster management and climate resilience capabilities while also promoting economic opportunities for its people.
10. Which event will be celebrated by the Ministry of Panchayati Raj on 24th April 2023?
A) National Panchayati Raj Day
B) National Thematic Conference Day
C) Azadi Ka Amrit Mahotsav Day
D) Whole-of-Society Day
Answer: A) National Panchayati Raj Day
Explanation: The Ministry of Panchayati Raj is celebrating the National Panchayat Awards Week from 17th to 21st April 2023, leading up to National Panchayati Raj Day on 24th April 2023. As part of the Azadi Ka Amrit Mahotsav (AKAM) 2.0, the Ministry has developed a series of Thematic Conferences around the theme “Panchayaton ke Sankalpon ki Siddhi ka Utsav” to increase the reach of AKAM 2.0 and positively impact the lives of all Indians. This celebration is aimed at promoting and recognizing the efforts of Panchayats in delivering various services to the people and empowering them.
11. Which award is presented annually by the Maharashtra state government to honor individuals for their outstanding contributions to society?
A) Maharashtra Ratna Award
B) Maharashtra Gaurav Award
C) Maharashtra Bhushan Award
D) Maharashtra Shrestha Award
Answer: C) Maharashtra Bhushan Award
Explanation: The Maharashtra Bhushan award is the highest civilian award presented annually by the Maharashtra state government. It is conferred upon notable individuals who have made significant contributions to society in various fields. In 2023, Senior composer Appasaheb Dharmadhikari was honored with the Maharashtra Bhushan Award, which was presented to him by Union Home Minister Amit Shah.
12. What is Cheiraoba, celebrated by the Meetei community in Manipur?
A) A harvest festival
B) A new year festival
C) A religious fasting festival
D) A community sports festival
Answer: B) A new year festival
Explanation: Cheiraoba is a significant festival celebrated by the Meetei community that follows Vaishnav Hinduism in Manipur. It marks the beginning of the lunar new year for the Meiteis residing in Manipur and elsewhere. While the followers of Sanamahism, Meitei’s indigenous religion, celebrate it on the first day of the lunar new year, the followers of Vaishnav Hindus celebrate it on the 13th or 14th of April every year according to the solar Hindu calendar.
13. Which category did Nithya Sre Sumathy Sivan win the gold medal in at the Brazil Para-Badminton International?
A) Women’s doubles
B) Men’s singles
C) Mixed doubles
D) Women’s singles SH6
Answer: D) Women’s singles SH6
Explanation: Nithya Sre Sumathy Sivan, an Indian para-badminton player, won two gold medals at the Brazil Para-Badminton International. She defeated Peru’s Giuliana Poveda Flores in the women’s singles SH6 category and, together with Sivarajan Solaimalai, beat Hong Kong’s Chu Man Kai and Choi Wing Kei in the mixed doubles SH6 event.
14. What amount did India contribute to the United Nations Entity for Gender Equality and the Empowerment of Women?
A) $400,000
B) $500,000
C) $600,000
D) $700,000
Answer: B) $500,000
Explanation: India has contributed $500,000 (₹4.09 crore) to the United Nations Entity for Gender Equality and the Empowerment of Women (UN Women). This amount was donated by the Indian government towards the core voluntary budget of UN Women. The Permanent Representative of India to the United Nations, Ruchira Kamboj, handed over the cheque to Sima Sami Bahous, the Under Secretary General and Executive Director of UN Women. India is proud to be one of the founding members of the Executive Board of the UN Women and is currently serving as a member of the Executive Board. Women-led Development is one of the priorities of India’s G20 presidency.
15. Which of the following individuals has been awarded the Malcolm Adiseshiah Award 2023 for exceptional contributions to the field of social science in India?
A) Utsa Patnaik
B) Prabhat Patnaik
C) Josef Steindl
D) Samir Amin
Answer: A) Utsa Patnaik
Explanation: Utsa Patnaik, a renowned economist and author, has been selected as the recipient of the Malcolm Adiseshiah Award 2023, which recognizes exceptional contributions to the field of social science in India. She has authored several books and papers, and the award is given by the Madras Institute of Development Studies and the Malcolm and Elizabeth Adiseshiah Trust.
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