(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 ...

(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 ...

(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.

(a) Hyderabad (b) Mumbai (c) Delhi (d) Chennai Ans.(a) Sol. Telangana Chief Minister K. Chandrasekhar Rao laid the foundation for the Hare Krishna Heritage Tower in Hyderabad. The 400 feet tall structure will be constructed on six acres of land in Narsingi at a cost of Rs 200 crore. ...

(a) Strong service exports (b) encouraging remittance (c) reducing the goods deficit due to fall in oil prices (d) all of the above Ans.(d) Sol. The current account deficit in India is driven by a combination of robust services exports, buoyant remittances, and moderating goods ...

(a) a strong domestic currency (b) low interest rates (c) high inflation (d) reduction in imports Ans.(c) Sol. A higher current account deficit can lead to a higher demand for foreign currency, which can cause the value of the domestic currency to decrease. This can, in turn, lead ...