Daily Current Affairs April 03

Dear Champions, as you all know that a lot of competitive exams have been notified consequently. Candidates have to prepare themselves according to the level of competition and expectation of the Recruitment board. Regarding that one of the most important topic is Daily Current Affairs April 03. Current Affairs in the form of contemporary events of national & international play a crucial role in almost every competitive exams like Banking, Insurance, SSC, UPSC, TNPSC, Railway etc.

Current affairs are the most dynamic yet scoring among all sections and need to be prepared from the right source. Here, we cafunsta team, providing  Daily GK Updates, Current Affairs Questions, and Monthly  current affairs pdf.

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April 03| Daily Current Affairs 2023

Important Days – Daily Current Affairs April 03

1. In below option, which is correct related to Army Medical Corps?
1) 259th raising day of Army Medical Corps is observed on April 3
2) It came into existence on April 3, 1943
3) The motto of the AMC is SarveSantuNiramaya (may all be free from disease and disability).
A) Only 1
B) Only 2
C) Only 3
D) Only 1 & 2
E) All of the above
Answer: E) All of the above

• The Army Medical Corps Establishment Day is celebrated on the occasion of the founding day of the Army Medical Corps each year on April 3.
• The Bengal Presidency Medical Service, which was the first of the military service of the three Presidencies in India, was established on January 1, 1764.
• The Indian Army Medical Corps (IAMC) came into existence on April 3, 1943, by the amalgamation of the Indian Medical Service (IMS), Indian Medical Department (IMD) and Indian Hospital Corps (IHC).
• After independence, IAMS was rechristened as Army Medical Corps.
• The then President of India Dr S Radhakrishnan had presented the Presidential Standards to AMC on its raising day on April 3, 1966.
• The motto of the AMC is SarveSantuNiramaya (may all be free from disease and disability).
• The IAMC was re-designated as Army Medical Corps with effect from 26 January 1950

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Sports – Daily Current Affairs April 03

2. George Loffhagen won Singles title in the International Tennis Federation (ITF) Mysuru Open 2023 defeats Ellis Blake. George Loffhagen belongs to which country?
A) Australia
B) France
C) Great Britain
D) USA
E) UK
Answer: C) Great Britain

• This year is the fourth title of the year and 19th overall.

International Tennis Federation (ITF) Mysuru Open 2023:

Spain Masters Super 300:

Miami Open:

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Obituary – Daily Current Affairs April 03

3. Chief Justice ThottathilBhaskaran Nair Radhakrishnan passed away. He was served as Chief Justice in which state high court?
A) Chhattisgarh
B) Andhra Pradesh
C) Telangana
D) Uttar Pradesh
E) Tamil Nadu
Answer: A) Chhattisgarh

• Former Calcutta High Court Chief Justice ThottathilBhaskaran Nair Radhakrishnan died at a private hospital.
• Justice Radhakrishnan, who also served as the Chief Justice of Chhattisgarh, Hyderabad and Telangana High Courts.
• He was also the Acting Chief Justice of Kerala High Court.

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4. Former India all-rounder Salim Durani passed away. He won which award?
1) 1960 – Arjuna Award
2) 2011 – CK Nayudu Lifetime Achievement Award at a BCCI award
3) Padma Shri – 2001
A) Only 1
B) Only 2
C) Only 3
D) Only 1 & 2
E) All of the above
Answer: D) Only 1 & 2

• Former India all-rounderSalim Durani has died at the age of 88.
• A flamboyant all-rounder in the 1960s and 70s, Durani played 29 Tests for India from 1960 to 1973, scoring 1,202 runs at an average of 25.04, with one century (104 against West Indies in 1962) and seven fifties. As a left-arm spinner, he claimed 75 wickets at 35.42 apiece.
• In the early 1960s, Durani became the first cricketer to win the Arjuna Award, then the highest sporting honour of the country.
• He was also honoured by the Indian cricket board with the CK Nayudu Lifetime Achievement Award at a BCCI award function in Mumbai in May 2011.

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Banking and Finance – Daily Current Affairs April  03

5. Axis Bank and Visa launched a digital app to empower merchants to accept payments through various modes and manage their business digitally. What is the name of that app?
A) Digital Dukaan
B) Digital Tarun
C) Digital Kishore
D) Digital Kisan
E) Digital Pragar
Answer: A) Digital Dukaan

• Axis Bank in partnership with Visa launched an app that will empower merchants to accept payments through various digital modes and also enable them to manage their day-to-day business digitally.
• The app ‘Digital Dukaan’ has been specifically designed to address business requirements such as accepting digital payments, inventory management and billing, among others.
• This Android Smart POS application has an in-built camera with LED flashlight that will enable scanning of product barcodes, allow tap and pay option for transactions up to Rs 5,000 and also support other value-added services such as EMI, acceptance of Sodexo card, Buy Now Pay Later, etc
• Digital Dukaan will also enable merchants to set up an online store and grow their business effortlessly by creating new channels.

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6. KarurVysya Bank signed an agreement with which insurance company to market their insurance schemes through the branches of the bank?
A) Bharti AXA Life Insurance
B) Max Life Insurance
C) HDFC Life Insurance
D) Life Insurance Corporation of India
E) SBI Life Insurance
Answer: E) SBI Life Insurance

• KarurVysya Bank (KVB) has entered into an arrangement with SBI Life Insurance to market the latter’s insurance schemes through the bank branches.
• An agreement to this effect was signed in Chennai recently

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7. Geojit Credits announced the launch of Loan Against Mutual Fund (LAMF). Under the scheme, the investors can avail loans starting from _________ in digital mode?
A) Rs 20,000
B) Rs 30,000
C) Rs 40,000
D) Rs 50,000
E) Rs 10,000
Answer: E) Rs 10,000

• Geojit Credits, a non-banking financial company (NBFC), announced the launch of Loan Against Mutual Fund (LAMF). Under the scheme, the investors can avail loans starting from Rs 10,000 in digital mode.
• A LAMF allows investors to raise instant funds at attractive interest rates for their short-term liquidity requirements by keeping their mutual fund investments as collateral.
• Geojit Credits is a subsidiary of Kochi-based Geojit Financial Services.

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8. According to RBI data, India’s current account deficit declined to ________ or _______ of the GDP in the December quarter of the current fiscal?
A) USD 18.2 billion, 2.2 per cent
B) USD 14.2 billion, 2.2 per cent
C) USD 15.2 billion, 3.2 per cent
D) USD 16.2 billion, 4.2 per cent
E) USD 12.2 billion, 2.2 per cent
Answer: A) USD 18.2 billion, 2.2 per cent

• India’s current account deficit, a key indicator of the country’s external sector, declined to USD 18.2 billion or 2.2 per cent of the GDP in the December quarter of the current fiscal.
• The Current Account Deficit (CAD) was USD 30.9 billion or 3.7 per cent of the GDP in the second quarter of 2022-23 and at USD 22.2 billion or 2.7 per cent of the GDP in the December quarter of 2021-22.
• In the December quarter, net foreign direct investment decreased to USD 2.1 billion from USD 4.6 billion in the year-ago period.
• According to RBI data, India recorded a current account deficit of 2.7 per cent of GDP during April-December 2022 period as compared to a deficit of 1.1 per cent during April-December 2021 period.

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Business and Economy – Daily Current Affairs April 03

9. India’s UPI clocked its highest-ever number of transactions at 8.7 billion in March 2023, according to NPCI. From April 1, NPCI imposed an interchange charge of up to 1.1 per cent on PPI transactions (gift cards, wallets, among others) over _______?
A) ₹1,000
B) ₹2,000
C) ₹3,000
D) ₹4,000
E) ₹5,000
Answer: B) ₹2,000

• India’s Unified Payments Interface (UPI) clocked its highest-ever number of transactions at 8.7 billion in March 2023, according to National Payments Corporation of India’s (NPCI).
• Real-time payments jumped 60 per cent year-on-year (y-o-y) on the flagship online money transfer platform
• UPI hit 8 billion transactions for the first time in January this year. February saw a marginal decrease in the number of transactions – 7.5 billion – due to fewer days.
• March 2022 saw 5.4 billion payments worth ₹9.6 trillion. The value of digital transactions in January was ₹12.98 trillion, which dipped to ₹12.35 trillion in February

UPI

• UPI, an instant payment system developed by the NPCI which enables Person to Person (P2P) and Person to Merchant (P2M) transactions, has become the most popular and hassle-free mode of funds transfer in India.
• Although launched in 2016, UPI marked a billion transactions in a month in October 2019.
• Within 10 months, the platform recorded more than 3 billion monthly transactions.

Note:

• From April 1, NPCI imposed an interchange charge of up to 1.1 per cent on PPI transactions (gift cards, wallets, among others) over ₹2,000.
  Customers won’t be charged in normal UPI payments – account to bank account-based transfers.

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Appointments – Daily Current Affairs April 03

10. Who has been appointed as Executive Director by the Reserve Bank of India (RBI)?
A) Neeraj Nigam
B) Ravi Kumar
C) Rohit Sharma
D) Nitin Singh
E) Rajesh Gupta
Answer: A) Neeraj Nigam

• The Reserve Bank of India (RBI) appointed Neeraj Nigam as executive director (ED) with effect from April 3, 2023.
• Prior to being promoted to the position executive director, Nigam was heading the Bhopal regional office of the bank as regional director.
• Nigam holds a bachelor’s degree in civil engineering from Barkatullah University, Bhopal.
• He also has a professional degree from the Certified Associate of the Indian Institute of Banking and Finance (CAIIB).

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Awards – Daily Current Affairs April 03

11. Philanthropist and art collector Kiran Nadar was conferred ”Chevalier de la Légiond’Honneur” (Knight of the Legion of Honour). Knight of the Legion of Honour is the highest civilan award of which country?
A)United Kingdom
B)United States of America
C)France
D)Bangladesh
E)Zimbabwe
Answer: C)France

• Philanthropist and art collector Kiran Nadar was recently conferred ”Chevalier de la Légiond’Honneur” (Knight of the Legion of Honour) by French Ambassador to India Emmanuel Lenain.
• The highest French civilian award comes in recognition of Nadar’s outstanding contribution in the field of art, her commitment to providing greater access to culture both nationally and internationally, and her leading role in fostering Indo-French cultural ties.
• Nadar, chairperson of the Kiran Nadar Museum of Art (KNMA) — a philanthropic initiative in art — and a trustee of the Shiv Nadar Foundation has played a vital role in advancing Indo-French cultural ties, and artistic cooperation

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Science and Technology – Daily Current Affairs April 03

12. NASA Announces Artemis II Moon Mission Crew. In below option, who is belonged to this crew?
1) Jeremy Hansen
2) AlekseiLeonov
3) Christina Koch
4) Victor Glover
5) Reid Wiseman
A) Only 1, 2, 3, 4
B) Only 2, 3, 4, 5
C) Only 1, 3, 4, 5
D) Only 1, 2, 3, 5
E) All of above
Answer: C) Only 1, 3, 4, 5

• NASA named the first woman and the first African American ever assigned as astronauts to a lunar mission, introducing them as part of the four-member team chosen to fly on what would be the first crewed voyage around the moon in more than 50 years.
• There are, Reid Wiseman, Victor Glover, Christina Koch, Jeremy Hansen.
• The kickoff Artemis I mission was successfully completed in December 2022, capping the inaugural launch of NASA’s powerful next-generation mega-rocket and its newly built Orion spacecraft on an uncrewed test flight that lasted 25 days
• Last year, the agency tested its next-generation Moon rocket, called the Space Launch System, and its associated crew capsule, known as Orion.
• The last human spaceflight mission to the Moon was Apollo 17 in December 1972. The first landing was Apollo 11 in 1969.
• Artemis-3, the first landing of the new era, is not expected to occur until at least 12 months after Artemis-2.
• Nasa doesn’t yet have a system capable of taking astronauts down to the lunar surface.
• This is being developed by entrepreneur Elon Musk’s SpaceX company.CalledStarship, the vehicle is due to start flight testing in the next few weeks

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International Affairs – Daily Current Affairs April 03

13. Jigme KhesarNamgyelWangchuck has arrived in India on a three-day visit. He is the King of which country?
A)Bhutan
B)Japan
C)China
D)Singapore
E)Nepal
Answer: A)Bhutan

• King of Bhutan, Jigme KhesarNamgyelWangchuckhasarrived in India on a three-day visit.
• He was received by External Affairs Minister Dr S Jaishankar at the airport in New Delhi.
• The King of Bhutan is accompanied by the Minister of Foreign Affairs and External Trade, Dr.TandiDorji and senior officials of Bhutan government.

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14. Nepal has decided to build the 480 MW PhukotKarnali Hydroelectric Project, in Kalikot district in far western Nepal, under a joint investment between Nepal and which country?
A)UAE
B)France
C)Zimbabwe
D)Bhutan
E)India
Answer: E)India

• Nepal has decided to build the 480 MW PhukotKarnali Hydroelectric Project, in Kalikot district in far western Nepal, under a joint investment between the VidhyutUtpadan Co Ltd (VUCL), an undertaking of the Nepalese government, and India’s NHPC Ltd.
• The company has decided that 51 percent of the project will be invested by India government-owned NHPC and 49 percent by Nepal’s VUCL

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National Affairs – Daily Current Affairs April 03

15. In below option, which is not correct to G20 meeting?
A) G20 Science Summit on Clean Energy for Greener Future begins at Agartala in Tripura
B) The second meeting of the Employment Working Group (EWG) of the G20 grouping began in Guwahati, Assam
C) Shri G. Kishan Reddy hosted the 20th Session of Culture Ministers’Meeting of G20 Member States through video conferencing
D) A & B
E) B & C
Answer: C) Shri G. Kishan Reddy hosted the 20th Session of Culture Ministers’Meeting of G20 Member States through video conferencing

G20 meet on employment:

• The second meeting of the Employment Working Group (EWG) of the G20 grouping began in Assam on Monday, to deliberate on a wide range of issues like labour, employment and social for an inclusive growth.
• The first meeting of the EWG happened at Jodhpur in Rajasthan on February 2-4 this year.

Twentieth Session of Culture Ministers of the Shanghai Cooperation Organisation Member States:

• Minister of Culture, Tourism and Development of North Eastern Region Shri G. Kishan Reddy, hosted the 20th Session of Culture Ministers’Meeting of the Shanghai Cooperation Organization (SCO) Member States through video conferencing on 3rd April, 2023.
• Also, Minister of Culture, Tourism and Development of North Eastern Region Shri G. Kishan Reddy hosted the firstIndia-Central Asia Culture Ministers’ Meeting through video conferencing on 3rd April, 2023.

About SCO:

• India became full member of the Shanghai Cooperation Organization (SCO) in June, 2017.
• India has hosted two SCO Senior Culture Officials Meeting on 3.2.2023 and 31.3.2023 in virtual format to discuss and formulate the papers for the SCO Culture Ministers’ Meeting.
• M/o Culture hosted the Conference on Shared Buddhist Heritage of SCO Member States, Observer States and Dialogue Partner on14-15th March, 2023, in New Delhi.
• The Buddhist scholars and delegates from SCO countries participated in the Conference.
• During the ongoing “SCO Council of Heads of States” Presidency of India, SCO aims at advancing the theme of ‘SECURE’ (Security, Economic cooperation, Connectivity, Unity, Respect for sovereignty and territorial integrity, and Environment), articulated by the Prime Minister of India Shri Narendra Modi initially at the SCO Summit in Qingdao in 2018.

G20 Science Summit on Clean Energy for Greener Future:

The two-day Science-20 conference under India’s G20 presidency began at the Hapania International Fair Ground in Agartala, Tripura.
More than 60 delegates are participating in this science conclave titled ‘Clean Energy for Greener future’ as part of the G20 meetings.

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16. Ashok Gehlot approved a proposal for giving 8% interest subsidy on loans obtained by the members of women’s self help groups (SHGs) from Mahila Nidhi. Mahila Nidhi, established in which place in August 2022?
A) Alwar
B) Jaisalmer
C) Jaipur
D) Rajsamand
E) Banswara
Answer: C) Jaipur

• Rajasthan Chief Minister Ashok Gehlot approved a proposal for giving 8% interest subsidy on loans obtained by the members of women’s self help groups (SHGs) from Mahila Nidhi, the State’s first-ever women’s cooperative fund.
• The financial institution has been extending timely loan facility for women enterprises.
  Mahila Nidhi, established in Jaipur in August 2022, is operated entirely by women and acts as a complementary body with the formal banking system
• It has been set up on the pattern of Telangana’s Stree Nidhi Credit Cooperative Federation. A memorandum of understanding was signed between the Rajasthan GrameenAjeevikaVikasParishad (Rajeevika) and Stree Nidhi for setting up the financial body.
• In his 2022-23 budget speech in the State Assembly, Mr. Gehlot announced the establishment of a financial institution exclusively run by women. The institution, named Mahila Nidhi, received a grant of ₹50 crore from the State government for the first two years of its operations. This enabled women to obtain loans for starting new ventures and meeting the financial needs of self-help groups (SHGs).
• In the 2023-24 State budget, Mr. Gehlot approved an additional financial provision of ₹12 crore for Mahila Nidhi. Under this scheme, SHG members can receive loans up to ₹1 lakh with an 8% interest subvention for a period of two years.

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