AffairsCloud brings you the complete and important daily Current Affairs Quiz 14 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.
Our Current Affairs July 2023 events will help you to get more marks in Banking, Insurance, SSC, Railways, UPSC, CLAT and all State Government Exams. Also, try our Current Affairs Quiz.
- Which of the following points is/are “correct” with respect to the 50th meeting of the Goods and Services Tax (GST) Council held at New Delhi, Delhi in July 2023?
A) The GST on snack pellets, the semi-finished ingredient that is used to manufacture snacking products, is decreased to 12% from 28%.
B) GST exemption on satellite launch services supplied by Indian Space Research Organisation (ISRO), Antrix Corporation Limited and New Space India Limited (NSIL).
C) A uniform tax rate of 28% will be applied to Casino, Horse Racing, and Online gaming.
1) Only A
2) Only A & B
3) Only B & C
4) Only A & C
5) All A, B & CAnswer- 3) Only B & C
Explanation:
On July 11, 2023, the 50th meeting of the Goods and Services Tax (GST) Council was held in New Delhi, Delhi under the chairpersonship of Union Minister Nirmala Sitharaman, Ministry of Finance.
i. To mark the milestone of the 50th meeting of the GST Council, Union Minister Nirmala Sitharaman(Chairperson) released a short video film titled ‘GST Council- 50 steps towards a journey’ in the presence of the Members of the Council.
ii. The GST on snack pellets, the semi-finished ingredient that is used to manufacture snacking products, is decreased to 5% from 18%. This includes uncooked, unfried and extruded snack palettes.
iii. GST exemption on satellite launch services supplied by Indian Space Research Organisation (ISRO), Antrix Corporation Limited and New Space India Limited (NSIL) may be extended to similar services supplied by organizations in the private sector.
iv. According to the GST council, a uniform tax rate of 28% will be applied to Casino, Horse Racing, and Online gaming.
• The tax will be based on the face value of purchased chips for casinos, on the full value of bets placed with bookmakers/totalisators for horse racing, and on the full value of bets placed for online gaming. - Which company has recently (in July ‘23) become the first Central Public Sector Enterprise (CPSE) in India to get certified for Anti-Bribery Management System (ABMS) by M/s InterCert USA?
1) Oil and Natural Gas Corporation
2) Power Grid Corporation of India
3) Coal India Limited
4) Indian Oil Corporation Limited
5) Steel Authority of India LimitedAnswer- 1) Oil and Natural Gas Corporation
Explanation:
Oil and Natural Gas Corporation (ONGC), the largest crude oil and natural gas Maharatna Company in India, has become the first Central Public Sector Enterprise (CPSE) in India to get certified for Anti-Bribery Management System (ABMS) by M/s InterCert USA, an international accredited certification body in the United States of America (USA).
• Arun Kumar Singh, Chairman & Chief Executive Officer (CEO) of ONGC, received the ABMS Certificate in an award ceremony. - Name the India’s first regional multi-lingual Artificial Intelligence (AI) news anchor that was recently (in July ‘23) introduced by the Odisha Television Limited (OTV).
1) Shalu
2) Tina
3) Saara
4) Manav
5) LisaAnswer-5) Lisa
Explanation:
Odisha Television Limited (OTV), an Odia based broadcast and digital media company in Odisha, introduced India’s and Odisha’s first regional multi-lingual Artificial Intelligence (AI) news anchor named “Lisa” in a ceremony held in Bhubaneswar, Odisha. The introduction of AI Lisa, is an initiative driven by the visionary team of OTV.
i. Lisa is the first AI anchor in the free-to-air regional television broadcasting platform and also the first Odia news anchor with an ability to speak multiple languages including Odia, English and others. - Which of the following points is “Incorrect” with respect to the visit of S Jaishankar, External Affairs Minister (EAM), to the United Republic of Tanzania in July 2023?
1) The EAM co-chaired the 10th session of India-Tanzania Joint Commission on Economic, Technical and Scientific Cooperation, in Dar-es-Salaam.
2) An MoU has been signed between India and Tanzania for establishing the first IIT campus outside India named IIT Madras in Zanzibar, Tanzania.
3) S Jaishankar, EAM attended a deck reception onboard Indian Naval Ship (INS) Betwa a guided missile frigate in Zanzibar, Tanzania along with Sheikh Abdulla Kassim Hanga, President of Zanzibar.
4) He also visited the water project in the Kibamba district of Dar-es-Salaam (Tanzania), which is built with Indian assistance that supplies water to Dar es Salaam.
5) The Foreign Cooperation Department (FCD) of the government of Haryana and the Tanzania Investment Centre (TIC) signed a Memorandum of Understanding (MoU) to support the bilateral economic collaboration and promote greater economic growth.Answer-3) S Jaishankar, EAM attended a deck reception onboard Indian Naval Ship (INS) Betwa a guided missile frigate in Zanzibar, Tanzania along with Sheikh Abdulla Kassim Hanga, President of Zanzibar.
Explanation:
Dr. S Jaishankar, External Affairs Minister (EAM) went on a four-day official visit to the United Republic of Tanzania from 5-8 July 2023.
• EAM’s visit to Tanzania will further integrate the bilateral relations between the two nations.
• During the 4 day visit the EAM visited the water project in the Kibamba district of Dar-es-Salaam (Tanzania), which is built with Indian assistance that supplies water to Dar es Salaam. He was joined by Jumaa Aweso, the Minister of Water and Irrigation of Tanzania.
• During the 4 day visit the EAM co-chaired the 10th session of India-Tanzania Joint Commission on Economic, Technical and Scientific Cooperation, in Dar-es-Salaam and signified the bilateral relations between the 2 nations have always been strong since independence.
• During His visit, on 6th July 2023, a Memorandum of Understanding (MoU) was signed between India and Tanzania for establishing the first IIT campus outside India named IIT Madras in Zanzibar, Tanzania.
• On 6th July 2023, S Jaishankar, EAM attended a deck reception onboard Indian Naval Ship (INS) Trishul, a guided missile frigate in Zanzibar, Tanzania along with Hussein Ali Mwinyi, President of Zanzibar during his 4 day visit to Tanzania.
• On 11th July 2023, The Foreign Cooperation Department (FCD) of the government of Haryana and the Tanzania Investment Centre (TIC) signed a Memorandum of Understanding (MoU) to support the bilateral economic collaboration and promote greater economic growth and increase investment opportunities between India and Tanzania. - Which company has recently (in July ‘23) collaborated with Curlec to launch its first International Payment Gateway in Malaysia?
1) Razorpay
2) BharatPe
3) PhonePe
4) Paytm
5) FreechargeAnswer- 1) Razorpay
Explanation:
On 12 July 2023, Razorpay, a prominent Indian Full-Stack Payments and Business Banking Platform, unveiled its first international Payment Gateway in Malaysia, in collaboration with Curlec, under the brand ‘Curlec By Razorpay’ with the aims to bridge the gap between local and international payment gateways.
i. Payment Gateway intends to cater to over 5,000 businesses, with a target of achieving an annualised Gross Transaction Value (GTV) of Malaysian Ringgit 10 billion (USD 2.1 billion) by 2025.
ii. Razorpay bought the Malaysian startup Curlec in a USD($)20 Million deal in February, 2022. - Name the insurance company that has recently (in July ‘23) partnered with the DCB Bank Ltd to offer insurance products.
1) HDFC Life Insurance
2) Kotak Mahindra Life Insurance
3) Max Life Insurance
4) Exide Life Insurance
5) SBI Life InsuranceAnswer- 3) Max Life Insurance
Explanation:
Max Life Insurance Company Ltd partnered with DCB Bank Ltd to offer different types of life insurance products to the DCB bank customers including Term, Savings and Retirement Plans to secure their financial future and increase their investment portfolio.
i. The partnership aims to empower DCB Bank’s customers by providing them with innovative and flexible life insurance products that cater to their needs.
ii. Under this partnership, DCB Bank customers will get access to Max Life’s protection and long-term savings products, providing financial stability for themselves and their family. - Who has recently (in July ‘23) elected as the president of the Olympic Council of Asia (OCA) from 2023-2027?
1) Roy de Silva (Sri Lanka)
2) Sheikh Talal Fahad Al Sabah (Kuwait)
3) Mahmoud Khosravivafa (Iran)
4) Randhir Singh (India)
5) Fahad Al-Ahmed Al-Jaber Al-Sabah (Kazakhstan)Answer- 2) Sheikh Talal Fahad Al Sabah (Kuwait)
Explanation:
On 8th July 2023, Sheikh Talal Fahad Al Sabah of Kuwait was elected as the new president of the Olympic Council of Asia (OCA) from 2023-2027 by the 42nd OCA General Assembly in Bangkok, Thailand.
• Sheikh Talal joined the OCA in 2007 and was a member of the executive board, replacing his elder brother, Sheikh Ahmad al-Fahad al-Sabah, who was suspended from Olympic involvement in 2021.
• Sheikh Talal beat Dr.Husain Al-Musallam ,a Director General of OCA and also the President of World Aquatics.
About Olympic Council of Asia (OCA):
OCA is an independent non-governmental not-for-profit international Asian sport organisation currently with 45 member National Olympic Committees. - Which aerospace company/ space agency has recently (in July ‘23) launched World’s First Methane-Powered Rocket ‘ZhuQue-2 Y-2’ to Space?
1) Roscosmos (Russia)
2) JAXA (Japan)
3) Boeing Company (United States of America)
4) LandSpace (China)
5) SpaceX (United States)Answer- 4) LandSpace (China)
Explanation:
On July 12 2023, LandSpace, a Chinese private aerospace company became the world’s first aerospace company to launch a two-stage rocket ‘ZhuQue-2 Y-2’ using liquid methane as fuel and liquid oxygen (LOx) as oxidizer. The rocket was launched from Jiuquan Satellite Launch Centre in the Gobi desert, China.
i. A test payload was deposited into the Sun-Synchronous Orbit (SSO)
ii. The launch was the second attempt for the Zhuque-2 Y-2 rocket, following a failed initial launch of Zhuque-2 Y-1 in December, 2022. - Which country has recently (in July ‘23) defeated the Netherlands to win the International Cricket Council (ICC) Men’s Cricket World Cup (CWC) 2023 Qualifier tournament?
1) Zimbabwe
2) Sri Lanka
3) West Indies
4) Ireland
5) ScotlandAnswer-2) Sri Lanka
Explanation:
Sri Lanka won the International Cricket Council (ICC) Men’s Cricket World Cup (CWC) 2023 Qualifier tournament by defeating the Netherlands by 128 runs in the finals held on 9th July 2023 in Harare and Bulawayo, Zimbabwe.
• The CWC 2023 Qualifier, the 12th edition of CWC, was held from June 18 to July 9 2023 in Harare and Bulawayo, Zimbabwe.
i. Sri Lanka won all 8 matches they played in the tournament and became the first team from the ICC World Cup 2023 Qualifiers to qualify for the main draw of the World Cup 2023 to be held in India from October 5 to November 19 2023.
ii. Sri Lanka has qualified for the main draw of the World Cup 2023 as Qualifier 2, while the Netherlands will go into the World Cup as Qualifier 1. This was SL’s 10th consecutive One Day International (ODI) win. - Which state/UT has recently (in July ‘23) launched The ‘Mobile Dost App’ to access all the Government to citizen Services (G2C) directly from their mobile devices?
1) Uttar Pradesh
2) Jammu and Kashmir
3) Gujarat
4) Delhi
5) Madhya PradeshAnswer-2) Jammu and Kashmir
Explanation:
On July 11, 2023, The ‘Mobile Dost App’ was launched in Jammu and Kashmir (J&K) by Chief Secretary of J&K, Dr. Arun Kumar Mehta, in line with the Apka Mobile Hamara Daftar vision.
i. This app, developed by the IT (Information Technology) department of J&K with support from the Government of Haryana, brings digital transformation and improved accessibility to J&K residents.
ii. The launch also saw virtual participation from Uma Shankar, Principal Secretary to Chief Minister Haryana, among others.
iii. It aims at empowering people of J&K by providing a comprehensive platform to access all the Government to citizen Services (G2C) directly from their mobile devices.
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