Daily Quiz

Current Affairs Daily Quiz/ Multiple Choice Questions and Answers(MCQs) for competitive exams SSC, UPSC, Railways, Public Service Commission(PSC) exams. These daily general knowledge or genera|l awareness section provides very important study materials for preparations. We provide current affairs quiz download in pdf format also.

CA QUIZ

What are the recent changes made by IRDAI with respect to solvency requirements for Surety Bonds?

(a) Solvency requirement increased from 1.5 times to 1.875 times (b) Completely removed the solvency requirement (c) Solvency requirement reduced from 1.875 times to 1.5 times (d) Set the solvency requirement at 2 times the previous limit (e) None of the above Ans.(c) Sol. IRDAI has relaxed the solvency requirement for surety bonds, making it […]

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CA QUIZ

The Insurance Regulatory and Development Authority of India (IRDAI) has recently announced relaxation of norms for surety bonds. _________ is the purpose of surety bond in the context of insurance ?

(a) To protect the parties from possible financial loss due to natural calamities (b) Providing coverage for personal property and belongings (c) Managing the risks associated with breach or non-performance of the contract (d) Providing health insurance coverage to individuals and families Ans.(c) Sol. Surety bonds serve as an insurance policy that protects parties involved

The Insurance Regulatory and Development Authority of India (IRDAI) has recently announced relaxation of norms for surety bonds. _________ is the purpose of surety bond in the context of insurance ? Read More »

Daily Quiz on Current Affairs by Gkseries – 22 May 2023

The Advance Authorization Scheme (AAS) or Advance License Scheme launched by the Government of India under the Foreign Trade Policy 2015-2020 has recently attracted attention in the news. Which government body implements the Advance Authorization Scheme ?

(a) Reserve Bank of India (RBI) (b) Ministry of Finance (c) Directorate General of Foreign Trade (DGFT) (d) Ministry of Commerce and Industry Ans.(c) Notes: The Directorate General of Foreign Trade (DGFT), operating under the Ministry of Commerce and Industry, is responsible for implementing the Advance Authorization Scheme.

The Advance Authorization Scheme (AAS) or Advance License Scheme launched by the Government of India under the Foreign Trade Policy 2015-2020 has recently attracted attention in the news. Which government body implements the Advance Authorization Scheme ? Read More »

Daily Quiz on Current Affairs by Gkseries – 22 May 2023

Which Union Ministry launched the ‘Meri LiFE, Mera Swachh Shehar’ Campaign?

[A] Ministry of Housing and Urban Affairs[B] Ministry of Jal Shakti[C] Ministry of Commerce and Industry[D] Ministry of MSME Correct Answer: A [Ministry of Housing and Urban Affairs] Notes:“Meri LiFE, Mera Swachh Shehar” is a mega campaign of the Union Ministry of Housing and Urban Affairs.Its aim is to promote the reduce, reuse and recycle

Which Union Ministry launched the ‘Meri LiFE, Mera Swachh Shehar’ Campaign? Read More »

Daily Quiz on Current Affairs by Gkseries – 22 May 2023

Highly Pathogenic Avian Influenza (HPAI) has been confirmed in which of the following country?

[A] India[B] China[C] Brazil[D] South Africa Correct Answer: C [Brazil] Notes:Highly Pathogenic Avian Influenza (HPAI) was confirmed for the first time by Brazil. Two cases were detected in wild birds.Brazil is the world’s top chicken exporter and the government confirmed the detection of H5N1 subtype of the influenza virus on two birds. While humans can

Highly Pathogenic Avian Influenza (HPAI) has been confirmed in which of the following country? Read More »

Daily Quiz on Current Affairs by Gkseries – 22 May 2023

Which of the following institution has established a ‘National Energy Management Centre’?

[A] REC Limited[B] REMC Limited[C] NITI Aayog[D] National Gas Exchange Correct Answer: B [REMC Limited] Notes:REMC – a subsidiary of the RITES Ltd – has established the National Energy Management Centre (NEMC) at its office. REMC stands for Railway Energy Management Company.The purpose of this centre is to oversee and handle the energy procurement for

Which of the following institution has established a ‘National Energy Management Centre’? Read More »

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