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23rd April Daily Current Affairs 2023 Quiz – In 23rd April 2023 Current Affairs, we bring you the latest news and developments from various fields such as politics, economy, sports, and technology, among others. Stay up-to-date with the major events happening around the world with our daily news updates. Test your knowledge with our Daily Current Affairs Quiz and stay ahead of the competition.
23rd April Current Affairs 2023 Quiz | Multiple Choice Questions
1. What is Wheels on Web, the new platform introduced by Toyota Kirloskar Motor?
A) A new model of Toyota cars
B) A physical showroom for Toyota cars in Bangalore
C) An online retail sales platform for Toyota cars
D) A virtual reality experience of driving Toyota cars
Answer: C) An online retail sales platform for Toyota cars
Explanation: Toyota Kirloskar Motor has recently introduced a new platform called Wheels on Web for its Bangalore customers. It is an online retail sales platform that enables customers to book, purchase and get delivery of their preferred Toyota models from the comfort of their homes.
2. Which of the following countries will be participating in the Shanghai Cooperation Organization (SCO) summit that is scheduled to be held in Goa, India on May 4-5, 2023?
A) China, India, Pakistan, and Russia
B) India, Pakistan, Kyrgyzstan, and Tajikistan
C) Kazakhstan, Russia, Pakistan, and Uzbekistan
D) All of the above
Answer: A) China, India, Pakistan, and Russia
Explanation: The Shanghai Cooperation Organization (SCO) is a regional organization established in 1996 that aims to enhance cooperation in various sectors of society, including economic and military cooperation, among its member states. India is set to host the SCO summit in Goa on May 4-5, 2023, where China, India, Pakistan, and Russia will be participating. This was confirmed by the Foreign Ministry of Pakistan that Bilawal Bhutto Zardari, a Pakistan political leader, will be attending the summit in India after a gap of 12 years.
3. Which of the following organizations has signed an MoU with the Steel Authority of India Limited’s (SAIL) Bokaro Steel Plant (BSL) to explore the potential of 5G, IT, telecom, and other wireless communication technologies in the steel manufacturing process?
A) Indian Space Research Organisation (ISRO)
B) Department of Telecommunications (DoT)
C) Telecommunications Consultants India Limited (TCIL)
D) National Informatics Centre (NIC)
Answer: C) Telecommunications Consultants India Limited (TCIL)
Explanation: The Steel Authority of India Limited’s (SAIL) Bokaro Steel Plant (BSL) has signed a Memorandum of Understanding (MoU) with Telecommunications Consultants India Limited (TCIL) to explore the potential of 5G, IT, telecom, and other wireless communication technologies in the steel manufacturing process. This collaboration will pave the way for the application of fifth-generation mobile systems/information technology/telecom technologies in steel manufacturing.
4. Which of the following companies has completed Asia’s largest underwater hydro-carbon pipeline below the river Brahmaputra connecting Jorhat and Majuli in Assam?
A) Oil and Natural Gas Corporation Limited (ONGC)
B) Indian Oil Corporation Limited (IOCL)
C) Indradhanush Gas Grid Limited (IGGL)
D) Gas Authority of India Limited (GAIL)
Answer: C) Indradhanush Gas Grid Limited (IGGL)
Explanation: The Indradhanush Gas Grid Limited (IGGL) has completed Asia’s largest underwater hydro-carbon pipeline below the river Brahmaputra connecting Jorhat and Majuli in Assam. The total length of the pipeline is 4,080 metres, and it forms a part of the 1,656 km long North East Gas Grid connecting the major cities and demand centres of North East India with the National Gas Grid. The 1656 km long natural gas pipeline is constructed at a project cost of Rs 9,265 crore.
5. What is PM Gati Shakti initiative?
A) A plan to increase the number of airports in India.
B) A plan to reduce logistics cost and boost the economy by improving connectivity.
C) A plan to increase India’s ranking in the World Bank’s Ease of Doing Business Index.
D) A plan to improve India’s education system.
Answer: B) A plan to reduce logistics cost and boost the economy by improving connectivity.
Explanation: PM Gati Shakti initiative was launched by the PM Modi-led government in October 2021. The initiative is a National Master Plan for multimodal connectivity that aims to reduce logistics cost and boost the economy by improving connectivity. As a result of significant investments in both soft and hard infrastructure as well as technology, India has climbed six places on the World Bank’s Logistic Performance Index (LPI) 2023, now ranking 38th in the 139 countries index.
6. What is Nagastra-1?
A) A type of missile developed by India’s Defence Research and Development Organisation (DRDO).
B) A military vehicle designed to navigate in difficult terrains.
C) An indigenous Loiter Munition developed by Economics Explosives Ltd (EEL).
D) A software application for monitoring national security.
Answer: C) An indigenous Loiter Munition developed by Economics Explosives Ltd (EEL).
Explanation: Nagastra-1 is an indigenous Loiter Munition (LM) developed by Economics Explosives Ltd (EEL), a 100 per cent subsidiary of Solar Industries Nagpur, in association with Z-Motion, Bangalore. With the government’s initiative to bring Atmanirbharta in ammunition and defence systems, Nagastra-1 is the first LM designed and developed in India.
7. Who has received approval from the Competition Commission of India for the stake acquisition in the climate technologies’ business of Emerson Electric Co?
A) Emerson Electric Co
B) BCP Emerald Aggregator LP
C) Blackstone
D) Climate Technologies
Answer: B) BCP Emerald Aggregator LP
Explanation: The Competition Commission of India (CCI) has granted its approval for the stake acquisition in the climate technologies’ business of Emerson Electric Co by BCP Emerald Aggregator LP, which is an affiliate of US-based alternative asset manager Blackstone. The proposed transaction relates to the acquisition by BCP Emerald Aggregator LP (Buyer) of a majority stake in the climate technologies business of Emerson Electric Co (Seller), according to CCI.
8. Who was sworn in as the 8th Chief Justice of the Tripura High Court?
A) La. Ganesan
B) Aparesh Kumar Singh
C) Ramesh Bais
D) C. P. Radhakrishnan.
Answer: B) Aparesh Kumar Singh
Explanation: Justice Aparesh Kumar Singh, Judge of the Jharkhand High Court, was sworn-in as the 8th Chief Justice of the Tripura High Court. The oath of office was administered by Governor Satyadeo Narain Arya at a function at the Raj Bhavan. Justice Singh had previously passed BA Honours, obtained an LLB degree from the University of Delhi, and practiced as an advocate at the Patna High Court and in the Jharkhand High Court before being elevated as an additional judge of the Jharkhand High Court in 2012.
9. What has been approved by the Securities and Exchange Board of India (SEBI) regarding HDFC Bank and HDFC AMC?
A) HDFC Bank’s acquisition of a controlling stake in HDFC AMC.
B) HDFC Bank’s merger with HDFC AMC.
C) HDFC AMC’s compliance with SEBI (Mutual Funds) Regulations, 1996 guidelines and circulars.
D) HDFC Bank’s acquisition of a controlling stake in HDFC.
Answer: A) HDFC Bank’s acquisition of a controlling stake in HDFC AMC.
Explanation: The Securities and Exchange Board of India (SEBI) has approved HDFC Bank’s controlling stake acquisition in HDFC AMC as part of the amalgamation scheme. SEBI has also instructed HDFC AMC to comply with Sebi (Mutual Funds) Regulations, 1996 guidelines and circulars. This approval will enable HDFC Bank to merge with HDFC, with the merger expected to conclude by Q3 of the next fiscal year. The estimated $40bn merger will create a financial services giant with assets totalling around INR 18 lakh crore, with HDFC Bank solely owned by public shareholders and HDFC shareholders owning 41% of the bank.
10. Which bank is a joint venture partner with the Education Ministry in the Higher Education Financing Agency (HEFA)?
A) State Bank of India
B) HDFC Bank
C) Canara Bank
D) ICICI Bank
Answer: C) Canara Bank
Explanation: The Higher Education Financing Agency (HEFA) is a joint venture between the Education Ministry, Government of India, and Canara Bank. The objective of HEFA is to provide financing for the creation of capital assets in premier institutions. Recently, a Parliamentary panel has directed the Education Ministry to expedite the process of disbursing sanctioned loans by HEFA.
11. Which institution has decided to ban the practice of individuals having permanent seats on boards of listed companies?
A) RBI
B) SEBI
C) Niti Aayog
D) NSE
Answer: B) SEBI
Explanation: The Securities and Exchange Board of India (SEBI) has decided to ban the practice of individuals having permanent seats on boards of listed companies. The move is aimed at promoting transparency and timely disclosure of material events by listed entities. SEBI has also decided to introduce a quantitative threshold for determining the materiality of events. These amendments are part of SEBI’s efforts to improve corporate governance standards and protect the interests of investors in the Indian securities market.
12. Which Union Ministry developed the ‘National Climate Vulnerability Index’?
A) Ministry of Power
B) Ministry of New and Renewable Energy
C) Ministry of Science and Technology
D) Ministry of Environment, Forest and Climate Change
Answer: C) Ministry of Science and Technology
Explanation: The ‘National Climate Vulnerability Index’ was developed by the Department of Science and Technology, which comes under the Ministry of Science and Technology. This index is used by the Indian government to estimate the impact of heatwaves. A recent study has shown that over 90% of India’s population is at risk of heatwaves and the impact of heatwaves on India’s development has been underestimated.
13. Who is the President of Cuba who recently won a second five-year term in a parliamentary vote?
A) Miguel Diaz-Canel
B) Raul Castro
C) Fidel Castro
D) Carlos Mesa
Answer: A) Miguel Diaz-Canel
Explanation – Miguel Diaz-Canel recently became the first non-Castro leader in Cuba to be re-elected as president. The 62-year-old leader took over the reins in 2018 as Cuba’s first civilian leader after around 60 years of hegemony by the Castro brothers. He won a second five-year term in a parliamentary vote that had him as the sole candidate.
14. Who released the report ‘State of World Population’?
A) UNICEF
B) UNFPA
C) WEF
D) IMF
Answer: B) UNFPA
Explanation – The United Nations Population Fund (UNFPA) launched the ‘State of World Population’ report titled ‘8 Billion Lives, Infinite Possibilities’. The report reveals that India has surpassed China in population to become the world’s most populous country.
15. Which mode of transport will be launched by Prime Minister Narendra Modi in Kochi, Kerala?
A) Air Metro
B) Road Metro
C) Water Metro
D) Rail Metro
Answer: C) Water Metro
Explanation – Prime Minister Narendra Modi will flag off the country’s first water metro that connects ten small islands surrounding the port city of Kochi in Kerala. The project will begin with eight electric hybrid boats manufactured by the Cochin Shipyard Limited, and it will provide a cheaper mode of travel through the backwaters of Kochi, making it a game changer for the state by decongesting existing transport networks.
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