In Daily current affairs for 04 April 2023, we are going to see the latest national and international current affairs news. These important current affairs will be very helpful for your upcoming NDA, CDS, CDS OTA, AFCAT, TA, Agniveer Army, Agniveer Navy, Agniveer Air Force, Women Military Police, INET, MNS, ACC exams, SCO, PCSL, CAPF, and SSB interviews, and direct entries for Army, Navy, and Air Force like SSC Tech, TGC, JAG, NCC, TES, 10+2 Cadet. Download a PDF file about current events at the end of this article.
Daily Current Affairs 04 April 2023
India & Malaysia Can Now Trade In the Indian Rupee
- The Ministry Of External Affairs Announced That India & Malaysia Have Agreed To Settle Trade In The Indian Rupee.
- India International Bank Of Malaysia (IIBM) Has Introduced This System In India By Opening A Special Rupee Vostro Account Through Union Bank Of India.
- The Reserve Bank Of India (RBI) Allowed the Settlement Of Global Trade In Indian Currency In July 2022.
- The RBI Initiative Is Aimed At Facilitating Trade Growth And Supporting The Interests Of The Global Trading Community In The Indian Rupee.
- What Is Vostro & Nostro Account?
- Nostro Comes From The Latin Word For “Ours,” As In “Our Money That Is On Deposit At Your Bank.
- Vostro Comes From The Latin Word For “Yours,” As In “Your Money That Is On Deposit At Our Bank.
- Vostro Accounts Are Used To Make Payments In Domestic Currency.
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Anjali Sharma Conquer Mount Kilimanjaro In Africa
- Anjali Sharma Has Brought Glory To The Country By Conquering South Africa’s Mount Kilimanjaro Peak Wearing A Gaddi Dress (Luanchadi).
- She Has Become The 1st Girl From India To Scale Mount Kilimanjaro In Gaddi Costume.
- Lunachari Is A Traditional Dress Of Himachal Pradesh.
- About Mount Kilimanjaro
- It Is Africa’s Tallest Mountain And The World’s Largest Free-Standing Mountain.
- It Is Located In Tanzania, Has An Elevation Of 5,895 Meters (19,340 Ft).
- It Was Included As A UNESCO World Heritage Site In 1987.
Former Cricketer Salim Durani Passes Away At 88
- Former India All-rounder Cricketer Salim Durani Passed Away After A Prolonged Illness.
- He Was Born On 11 December 1934 In Kabul, Afghanistan.
- He Was The 1st Cricketer To Be Honored With The Arjuna Award In 1961.
- Durani Played 29 Tests For India Scored 1202 And Took 75 Wickets.
OPEC Members Announce Cut In Oil Production From May 1
- OPEC Plus Members Announced That They Would Further Reduce Oil Production Amounting To Around 1.16 Million Barrels Per Day.
- The Unexpected Cuts Announced By Saudi Arabia, Iraq, The UAE, Kuwait, Algeria, And Oman Will Begin In May And Last Until The End Of The Year.
- This Has Been Done To Bring Stability In The Market.
- This Will Artificially Boost Demand By Reducing Supply & High Prices Will Impact The Common People Of India.
- This Would Be The Biggest Reduction Since Oil Producers Cut Two Million Barrels Per Day In October 2022
- Production Cuts Announced By OPEC Plus Members
- Russia – 500,000 Bpd
- Saudi Arabia -500,000 Bpd
- UAE – 144,000 Bpd
- Kuwait – 128,000 Bpd
- Kazakhstan – 78,000 Bpd
- Algeria – 48,000 Bpd
- Oman – 40,000 Bpd
India’s Unemployment Rate Rises To 7.8% In March 2023
- India’s Unemployment Rate Has Risen To A 3-month High Of 7.8% In March 2023, According To The Centre For Monitoring Indian Economy (CMIE).
- It Increases From The 7.2% Unemployment Rate In February And Represents A Setback For The Country’s Efforts To Revive Its Economy After COVID-19.
- Chairman: S Somnath
Review Questions
- RBI Was Established Through Which Commission?
- Hilton Young Commission
- Keynes Commission
- Sundaram Commission
- None
ANSWER: A
- When Was R.B.I Nationalized?
- 1947
- 1936
- 1945
- 1949
ANSWER: D
- Which Of The Following Is Not Used In Monetary Policy?
- Bank Rate
- Cash reserve Ratio
- Monetary Card
- Repo Rate
ANSWER: C
- Recently,_______ Conquer Mount Kilimanjaro In Africa
- Anjali Sharma
- Vivek Desai
- Mangal Yadav
- None
ANSWER: A
- ______ Is World’s Largest Free-standing Mountain.
- Everest
- Elbrus
- Kilimanjaro
- Denali
ANSWER: C
- Mount Kilimanjaro Is Located In ___________.
- Tanzania
- Kenya
- Algeria
- Mali
ANSWER: A
- Recently, Salim Durani Passed Away Was Related To ____.
- Hockey
- Cricket
- Football
- Basketball
ANSWER: B
- Where Is The HQ Of OPEC?
- Vienna
- Riyadh
- Paris
- Geneva
ANSWER: A
- What Is The Currency Of Tanzania?
- Shilling
- Franc
- US Dollar
- Euro
ANSWER: A
- In Which Year OPEC Was Formed?
- 1960
- 1955
- 1990
- 1963
Answer: A
- Which Of The Following Is Not A Member Of OPEC?
- Gabon
- Nigeria
- Libya
- Malaysia
Answer: D
- Which Of The Following Is Not A Member Of OPEC Plus?
- Sudan
- Russia
- Oman
- Saudi Arabia
Answer: D
- India’s Unemployment Rate Rises To ______ In March 2023.
- 8.2 %
- 7.2 %
- 7.8 %
- 9 %
Answer: C
- In Which Of The Following Place, OPEC Was Founded?
- Muscat
- Baghdad
- Riyadh
- Dubai
Answer: B
- Which Of The Following Is The 1st Oil Refinery In India?
- Digboi
- Mathura
- Jamnagar
- None
Answer: A
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