Daily Quiz

(a) Reserve Bank of India (b) Monetary Authority of Singapore (c) People’s Bank of China (d) Central Bank of the Republic of Turkey Ans.(b) Sol. The World Gold Council report stated that Monetary Authority of Singapore was the largest single buyer of gold, adding 69 metric tonnes during January-March 2023.

(a) A domestic payment collection service (b) An international payment collection service for importers (c) An international payment collection service for exporters (d) A cross-border payment transfer service Ans.(c) Sol. The Global Collections service is an international payment collection service for exporters who hold an account with YES Bank, allowing them to collect payments in

(a) PaybackPlus (b) BharatPoints (c) Zillion (d) RewardMe Ans.(c) Sol. BharatPe has announced the rebranding of PAYBACK India as Zillion, aligning with the company’s vision to make it a ubiquitous loyalty and rewards program across the nation.

(a) 6.5% (b) 7% (c) 7.5% (d) 7.81% Ans.(d) Sol. The RBI’s gold reserves comprised 7.81% of the country’s total foreign exchange reserves as of March 31, 2023, up from 7% at the end of the previous fiscal year.

Daily Quiz on Current Affairs 11 May 2023 is very important for Competitive Exams like SSC, Railway, RRB, Banking, IBPS, PSC, UPSC, etc. Our Gkseries team have composed these Current Affairs Quizzes from Newspapers like The Hindu and other competitive magazines.

(a) start (b) Space (c) innovation (d) exploration  S10. Ans.(a) Sol. The name of the program is Space Science and Technology Awareness Training (START). The START program is aimed at post-graduate and final-year undergraduate students of physical sciences and technology. The program will cover various domains of space science, including Astronomy & Astrophysics, Heliophysics &

(a) most risky (b) most secure (c) most unstable (d) least liquid S9. Ans.(b) Sol. Sovereign securities are issued by national governments and are considered to be among the safest investments in the world, as they are backed by the full faith and credit of the issuing government.

(a) 50% (b) 60% (c) 70% (d) 80% S8. Ans.(d) Sol. According to the latest half-yearly report on foreign exchange management, $411.65 billion out of the RBI’s total foreign currency assets of $509.69 billion was invested in securities, representing a share of 80.76%.

(a) 2 months (b) 4 months (c) 6 months (d) 7.1 months Ans.(d) Sol. India’s foreign-exchange reserves provide a cushion to manage external financial volatility and were at USD584.2 billion (7.1 months of current external payments) as of 21 April 2023.

(a) 55.4% of GDP (b) 62.8% of GDP (c) 75.3% of GDP (d) 82.8% of GDP  S3. Ans.(d) Sol. Fitch estimates India’s general government debt to be at 82.8% in FY23.