AffairsCloud brings you the complete and important daily Current Affairs Quiz 13 July 2023 to achieve more marks in Banking, Insurance, UPSC, SSC, CLAT, Railways and all other competitive Exams. We have prepared the current affairs quiz question from our daily current affairs 2023 updates.
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- Which company has recently (in July ‘23) signed a Master Shipyard Repair Agreement (MSRA) with the United States Navy (US Navy) to strengthen the strategic partnership in the defence sector?
1) Mazagon Dock Shipbuilders Ltd
2) Larsen & Toubro Ltd
3) Cochin Shipyard Ltd
4) Garden Reach Shipbuilders & Engineers Ltd
5) Goa Shipyard Hindustan Shipyard LtdAnswer-2) Larsen & Toubro Ltd
Explanation:
On 11th July 2023, Larsen & Toubro (L&T) limited has signed a Master Shipyard Repair Agreement (MSRA) with the United States Navy (US Navy) to strengthen the strategic partnership between India and the United States of America (USA) in the defence sector and to contribute to a free and open Indo-Pacific.
• Under this MSRA, L&T will dedicate all its dynamism, innovation, and Shipbuilding 4.0 techniques to meet the quality and delivery requirements of the US Navy.
• The agreement covers a variety of ship repair services, including hull repair, mechanical repair, electrical repair, painting and so on and the agreement is valid for a period of 5 years.
i. The USNS Salvor is the Military Sealift Command’s rescue and salvage ship, which arrived at the shipyard on 9th July for voyage repairs. - . According to the United Nations Development Programme (UNDP) and the Oxford Poverty and Human Development Initiative (OPHI)’s Global Multidimensional Poverty Index (MPI) released in July 2023, a total of ____________ people moved out of poverty in India within just 15 years (2005/2006 to 2019/2021).
1) 167 million
2) 150 million
3) 415 million
4) 280 million
5) 321 millionAnswer- 3) 415 million
Explanation:
The latest update of the Global Multidimensional Poverty Index (MPI) was released by the United Nations Development Programme (UNDP) and the Oxford Poverty and Human Development Initiative (OPHI) at the University of Oxford.
i. As per it, a total of 415 million people moved out of poverty in India within just 15 years from 2005/2006 to 2019/2021 showing 55.1% decrease in 2005-06 to 16.4% in 2019-2021.
ii. In India, multidimensional poverty declined from 645 million people in 2005-2006 to 370 million in 2015-2016, and further to 230 million in 2019-2021. Deprivation decreased across all indicators.
iii. The proportion of people multidimensionally poor and deprived of nutrition decreased from 44.3% in 2005-2006 to 11.8% in 2019-2021, and child mortality fell from 4.5% to 1.5%.
iv. Over 18% of the global population (1.1 billion people) live in acute multidimensional poverty across 110 countries, with Sub-Saharan Africa and South Asia housing the majority of the poor. - . According to the 5th edition of Survey on Digital and Sustainable Trade Facilitation by the United Nations Economic and Social Commission for Asia Pacific’s (UNESCAP) released in July 2023, which country has emerged as the best-performing country in the South Asian region in terms of trade facilitation?
1) Maldives
2) India
3) Bhutan
4) Bangladesh
5) NepalAnswer-2) India
Explanation:
According to the 5th edition of Survey on Digital and Sustainable Trade Facilitation by the United Nations Economic and Social Commission for Asia Pacific’s (UNESCAP), India has emerged as the best-performing country in the South Asian region in terms of trade facilitation.
• India has been positioned at the forefront of global trade facilitation efforts, with an impressive score of 93.55% in 2023 vis a vis 90.32% in 2021 after evaluation of 160 economies(countries) and 60 trade facilitation measures.
i. India has progressed by achieving a perfect score of 100% in four key areas; Transparency, Formalities, Institutional Arrangement and Cooperation, and Paperless Trade.
ii. The 2023 survey reveals that India has not made any notable implementation in terms of “Wildlife Trade Facilitation.” - Which of the following banks has recently (in July ‘23) contributed USD 27 billion for India’s Green Growth, during the International Conference on Green Hydrogen (ICGH-2023)?
1) World Bank
2) European Investment Bank
3) Asian Development Bank
4) Both 1 & 3
5) All 1, 2 & 3Answer-5) All 1, 2 & 3
Explanation:
During the International Conference on Green Hydrogen (ICGH-2023), three Multilateral Development Banks, the European Investment Bank (EIB), the Asian Development Bank (ADB) and the World Bank have contributed USD 27 billion for India’s Green Growth.
The funding allotment:
• The EIB has pledged Euro (€) 1 billion to develop a large-scale hydrogen industry hub
• The ADB intends to provide USD 20-25 billion over 5 years to support India’s green growth
• The World Bank approved USD 1.5 billion to aid India’s low-carbon transition journey.
i. The 3 days ICGH-2023 held between 5th-7th July 2023 at Vigyan Bhawan, New Delhi, Delhi inaugurated by R. K. Singh the Union Minister for Power and New and Renewable Energy (MNRE). - Which bank has recently (in July ‘23) collaborated with Club Vistara and Mastercard to introduce a travel credit card?
1) ICICI Bank
2) Axis Bank
3) IndusInd Bank
4) IDFC FIRST Bank
5) HDFC BankAnswer- 4) IDFC FIRST Bank
Explanation:
IDFC FIRST Bank Ltd has collaborated with Club Vistara and Mastercard to introduce a travel credit card that aims to enhance travel experiences and lifestyle-related offers to cardholders.
i. The new card will provide banking services with travel incentives.
ii. The rewards structure is based on Club Vistara Points, with accelerated points for different spending categories. - Which country has recently (in July ‘23) partnered with India to launch trade transactions in Rupees to reduce the dependency on the US dollar?
1) Nepal
2) Bhutan
3) Bangladesh
4) Sri Lanka
5) MaldivesAnswer-3) Bangladesh
Explanation:
In a significant move aimed at strengthening trade and reducing dependency on the US dollar, Bangladesh and India have initiated transactions in Rupees as India is the top export destination for Bangladesh in Asia.
• This marks the first time Bangladesh has engaged in bilateral trade with a foreign country outside the realm of the US dollar. The exchange rate is based on Market Demand.
i. The two countries have agreed to start settling trade in Rupees initially, and then gradually in Taka as the trade gap between the two countries decreases. This is because Bangladesh imports more from India (USD 13.69 billion) than exports to India (USD 2 billion).
ii. The transaction costs in trade with India would reduce with the introduction of the Taka (Currency of Bangladesh)-Rupee dual currency card which was about to be launched in September 2023. - . In July 2023, India topped the medal tally with ___________ medal at the 34th International Biology Olympiad (IBO 2023) held at the United Arab Emirates University (UAEU) in Al Ain, United Arab Emirates (UAE).
1) 6
2) 7
3) 5
4) 8
5) 4Answer-5) 4
Explanation:
India won 4 gold medals and topped the medals tally at the 34th International Biology Olympiad (IBO 2023) held at the United Arab Emirates University (UAEU) in Al Ain, United Arab Emirates (UAE), from 3rd to 11th July 2023.
• For the first time, all the students (4) representing India won the gold at the IBO.
• Besides India, Singapore has also won 4 gold medals at IBO 2023.
i. The 34th IBO was hosted by the UAE and organised by the Ministry of Education, UAE in partnership with the UAEU.
ii. The following students from India emerged as the gold medal winners:
Students City/ State
Dhruv Advani Bengaluru, Karnataka
Ishan Pednekar Kota, Rajasthan
Megh Chhabda Jalna, Maharashtra
Rohit Panda Risali, Chattisgarh - . Who has been recently (in July ‘23) appointed as the Managing Director (MD) and Chief Executive Officer (CEO) of SBI Cards and Payment Services Limited (SBICPSL)?
1) Shriniwas Yeshwant Joshi
2) Abhijit Chakravorty
3) Tejendra Mohan Bhasin
4) Anuradha Shripad Nadkarni
5) Rajendra Kumar SarafAnswer-2) Abhijit Chakravorty
Explanation:
SBI Cards and Payment Services Limited (SBICPSL), a subsidiary of State Bank of India (SBI) and India’s second-largest credit card, provider appointed Abhijit Chakravorty as its Managing Director (MD) and Chief Executive Officer (CEO) with effect from August 12, 2023 for a period of 2 years. He is currently serving as the Deputy MD of SBI.
i. He will succeed the incumbent MD & CEO Rama Mohan Rao Amara, who tendered his resignation with effect from 11th August 2023 owing to his transfer back to the SBI. - When was International Malala Day 2023 celebrated across the globe?
1) 8th July 2023
2) 10th July 2023
3) 12th July 2023
4) 9th July 2023
5) 11th July 2023Answer- 3) 12th July 2023
Explanation:
International Malala Day 2023 was celebrated across the globe on 12th July 2023 to honour the birthday of Malala Yousafzai, a Pakistani education activist and Nobel Prize laureate.
i. The day is also marked to honour Malala, who is known for her advocacy of girls’ education. It also signifies the free, quality and compulsory education for every child across the world.
ii. The UN declared her birthday as “Malala Day” and has been observed internationally for the first time on 12th July 2013.
Note- In October 2014, Malala was named a Nobel Peace Prize winner at the age of 17, she became the youngest person to receive this prize. - Name the state government that has recently (in July ‘23) signed a series of MoUs with the NTPC Limited to enhance power infrastructure and clean energy generation.
1) West Bengal
2) Odisha
3) Meghalaya
4) Mizoram
5) AssamAnswer-3) Meghalaya
Explanation:
The Government of Meghalaya and NTPC Limited, a leading energy conglomerate signed a series of Memorandum of Understanding (MoUs) aimed at boosting the power infrastructure and clean energy generation in Meghalaya.
i. The agreement includes Power Portfolio Management Services (PMS) for Meghalaya Discom, setting up of Pump Storage Power Plants (PSPs), and implementation of Floating Solar projects across Meghalaya.
ii. It also aims at enhancing power portfolio management of Meghalaya Energy Corporation Limited (MeECL) by a team of professionals and expertise of the NTPC.
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