11May MCQ : Current Affairs Quiz 11May 2023
In this article, we will discuss all the important Current Affairs MCQs of 11 May with full explanations. Where we will discuss the daily current affairs quiz’s questions and answers. So read all the important 11 May MCQs carefully.
Current Affairs Quiz / 11 May MCQ Current Affairs
11 May Current Affairs MCQ – Questions
1. Who is the current President of Sri Lanka?
(a) Mahinda Rajapaksa
(b) Ranil Wickremesinghe
(c) Gotabaya Rajapaksa
(d) Dinesh Gunawardena
2. Which region has the largest number of deaths for maternal, newborn, and stillbirths?
(a) Sub-Saharan Africa
(b) Central Asia
(c) Southern Europe
(d) South America
3. The Learning Management Information System (LMIS) of the Ministry of Health and Family Welfare (MoHFW) called SAKSHAM (Stimulating Advanced Knowledge for Sustainable Health Management) was launched by the Union Health Secretary. What does SAKSHAM stand for?
(a) System for Advanced Knowledge for Sustainable Healthcare Management
(b) Stimulating Advanced Knowledge for Sustainable Health Management
(c) Sustainable Access to Knowledge for Health Management
(d) System for Augmenting Knowledge in Healthcare Management
4. Who has been appointed as the Chair of the Technical Officials Committee by Badminton Asia?
(a) Omar Rashid
(b) Sunil Kumar
(c) Rahul Sharma
(d) Rakesh Singh
5. Where was the Petersberg Dialogue on Climate Change hosted in May 2023?
(a) Paris, France
(b) Tokyo, Japan
(c) Berlin, Germany
(d) Beijing, China
6. What is the Global Collections service offered by Cashfree Payments and YES Bank?
(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
7. What is an e-FIRA?
(a) A type of international currency
(b) An invoice for international payments
(c) A document for tracking international payments
(d) A certificate for international payments received
8. Sri Lanka secured a $3 billion bailout package from the ____ in March 2023.
(a) World Bank
(b) United Nations
(c) International Monetary Fund
(d) Asian Development Bank
9. The Reserve Bank of India increased its gold reserves by __% in the fiscal year that ended on March 31, 2023.
(a) 3%
(b) 4%
(c) 4.5%
(d) 5%
10. What is the name of the rebranded loyalty program of PAYBACK India by BharatPe?
(a) PaybackPlus
(b) BharatPoints
(c) Zillion
(d) RewardMe
11. What is the Global Stocktake?
(a) A report assessing whether current efforts will enable us to reach the objectives set out in the Paris Agreement
(b) An international forum held before the United Nations Climate Change Conferences (COP)
(c) A target for renewables discussed at the Petersberg Climate Dialogue
(d) A goal to phase out fossil fuel emissions
12. What percentage of the country’s total foreign exchange reserves did the RBI’s gold reserves comprise as of March 31, 2023?
(a) 6.5%
(b) 7%
(c) 7.5%
(d) 7.81%
13. Which country leads the list of 10 countries with 60% of global maternal deaths, stillbirths, and newborn deaths?
(a) China
(b) India
(c) United States
(d) Japan
14. Which bank has been penalized by the Reserve Bank of India(as of May 2023) for violating the Credit Information Companies Rules, 2006?
(a) Axis Bank
(b) HDFC Bank
(c) ICICI Bank
(d) HSBC Bank
15. Which central bank was the largest single buyer of gold during January-March 2023, according to the World Gold Council report 2023?
(a) Reserve Bank of India
(b) Monetary Authority of Singapore
(c) People’s Bank of China
(d) Central Bank of the Republic of Turkey
11 May MCQs – Answers
1. (b)
The President of Sri Lanka is Ranil Wickremesinghe, who assumed office in May 2022.
2. (a)
The report states that Sub-Saharan Africa and Central and Southern Asia are the regions experiencing the largest number of deaths, although, across all regions, there is variation regarding the pace at which countries are progressing in their efforts to achieve the global 2030 targets.
3. (b)
SAKSHAM stands for Stimulating Advanced Knowledge for Sustainable Health Management. The SAKSHAM Learning Management Information System is a digital platform developed by NIHFW for learning and training in healthcare management.
4. (a)
Omar Rashid has been appointed as the Chair of the Technical Officials Committee by Badminton Asia.
5. (c)
The Petersberg Climate Dialogue, a forum for high-level international climate talks held annually before the United Nations Climate Change Conferences (COP), took place in Berlin, Germany from May 2-3, 2023. This year’s conference was hosted by Germany and the United Arab Emirates, which is hosting the 28th Conference of Parties (COP28) to the United Nations Framework Convention on Climate Change (UNFCCC).
6. (c)
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 over 30 foreign currencies using the service.
7. (d)
An e-FIRA is a foreign inward remittances advice that provides exporters with a certificate for the international payments received. With the Global Collections service, exporters can receive an e-FIRA within 24 hours.
8. (c)
International Monetary Fund. Sri Lanka secured a $3 billion bailout package from the International Monetary Fund in March to help alleviate its economic crisis. In the midst of an economic crisis, India has decided to extend a $1 billion credit line to Sri Lanka for another year, providing the much-needed funds to pay for essential imports. The credit line is part of the $4 billion emergency assistance extended by India to Sri Lanka during its peak crisis time last year.
9. (a)
The RBI increased its gold reserves by 4.5% to 794.64 metric tonnes in the fiscal year that ended on March 31, 2023.
10. (c)
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.
11. (c)
The Global Stocktake is a report that aims to assess whether current efforts will enable us to reach the objectives set out in the Paris Agreement.
12. (d)
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.
13. (b)
India leads a list of 10 countries that together account for 60 percent of global maternal deaths, stillbirths, and newborn deaths, according to a United Nations report. India’s high number of live births is believed to be a factor in its large number of maternal, stillbirth, and neonatal deaths, with the country accounting for 17% of global live births.
14. (d)
The Reserve Bank of India (RBI) imposed a monetary penalty of Rs 1.73 crore on the Hongkong and Shanghai Banking Corporation Ltd (HSBC Bank) for violating the Credit Information Companies Rules, 2006.
15. (b)
The World Gold Council report stated that the Monetary Authority of Singapore was the largest single buyer of gold, adding 69 metric tonnes during January-March 2023.
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