AffairsCloud brings you the complete and important daily Current Affairs Quiz 2 August 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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- Name the country that has recently (in July ‘23) signed an MoU with India for cooperation in the agriculture sector.
1) Hungary
2) Spain
3) Peru
4) Brazil
5) Moldova
Answer & Explanation
Answer-5) Moldova
Explanation:
India and eastern European country Moldova agreed to sign a memorandum of understanding (MOU) for cooperation in the agriculture sector during a meeting between Shobha Karandlaje, Minister of State (MoS) for Agriculture, and Vladimir Bolea, Deputy Prime Minister and Minister for Agriculture & Food Industries of Moldova at Krishi Bhawan, New Delhi, Delhi.
i. During the meeting, the Ministers emphasized the potential for increasing bilateral trade in agricultural commodities and for strengthening of bilateral agricultural cooperation through the exchange of knowledge and technology.
- Which of the following points is/are “correct” with respect to the ‘Sectoral Deployment of Bank Credit – June 2023‘ report released by the Reserve Bank of India (RBI) in July 2023?
A) As per the report, a Year-on-Year (Y-o-Y) growth of non-food bank credit to 18.5% in June 2023 as compared with 14% in June 2022.
B) The food bank credit shows a decline of -25.4% in June 2023 as compared to a decline of -55% in June 2022.
C) The Total Bank Credit (Food Credit + Non-food Credit) grew to 16.2% in June 2023 from 14.5% in June 2022.
1) Only A
2) Only A & B
3) Only B & C
4) Only A & C
5) All A, B & C
Answer & Explanation
Answer- 3) Only B & C
Explanation:
On July 31, 2023, the Reserve Bank of India (RBI) released a report ‘Sectoral Deployment of Bank Credit – June 2023‘ showcasing a Year-on-Year (Y-o-Y) growth of non-food bank credit to 16.3% in June 2023 as compared with 15% in June 2022.
• This rise is due to the strong demand for credit from sectors such as services, retail and agriculture, and allied activities.
i. On the other hand, the food bank credit shows a decline of -25.4% in June 2023 as compared to a decline of -55% in June 2022.
ii. The Total Bank Credit (Food Credit + Non-food Credit) grew to 16.2% in June 2023 from 14.5% in June 2022.
iii. The credit growth in the agriculture and allied activities sector showed significant improvement, increasing to 19.7% (y-o-y) in June 2023 from 12.9% in June 2022.
iv. In June 2023, the credit growth to the industry sector registered a positive trend, growing by 8.1% (y-o-y)), although slightly lower than the 9.5% recorded in June 2022.
- Name the company that has recently (in July ‘23) introduced two new cutting-edge payment devices, the Pocket Soundbox and Music Soundbox.
1) Freecharge
2) PhonePe
3) Paytm
4) Razorpay
5) BharatPe
Answer & Explanation
Answer-3) Paytm
Explanation:
On July 31, 2023, Paytm, owned by One97 Communications Ltd (OCL), introduced two new cutting-edge payment devices, the Paytm Pocket Soundbox and Paytm Music Soundbox. Both devices are equipped with 4G capabilities, providing enhanced convenience for on-the-go merchants.
i. About Paytm Pocket Soundbox: It is a first-of-its-kind ‘Made in India’ portable device as small as a debit card to empower on-the-go merchants with instant audio payment alerts. This easy-to-carry device has all the features of Paytm Soundbox.
ii. About Paytm Music Sound Box: It is a unique device that allows merchants to play music from their mobile phones via Bluetooth while managing payment transactions. It serves both as a speaker for payment notifications and a Bluetooth music player.
- Name the bank that has recently (in July ‘23) hosted the Fintech Growth Program.
1) RBL Bank
2) Karnataka Bank
3) Kotak Mahindra Bank
4) Axis Bank
5) Karur Vysya Bank
Answer & Explanation
Answer-2) Karnataka Bank
Explanation:
Karnataka Bank Limited, a leading ‘A’ Class Scheduled Commercial Bank in India, hosted the first edition of ‘KBL – FinOne’, “A Fintech Growth Program” in Bengaluru, Karnataka.
i. The objective is to forge collaborations to develop innovative business models, providing seamless banking experience & offering a complete product suite.
ii. Srikrishnan H is the Managing Director(MD) and Chief Executive Officer(CEO) of the bank.
- Who has recently (in July ‘23) elected as the Board of Directors and a Constituency Director of BRICS’ New Development Bank (NDB)?
1) A H Mustafa Kamal
2) Anil Kishora
3) Mohamed Maait
4) Anton Siluanov
5) Thuraiya Hamid Alhashmi
Answer & Explanation
Answer-5) Thuraiya Hamid Alhashmi
Explanation:
BRICS’ New Development Bank (NDB) has elected Thuraiya Hamid Alhashmi, Director of International Financial Relations and Organisations Department at the United Arab Emirates (UAE) Ministry of Finance, as a member of its Board of Directors and a Constituency Director.
i. Alhashmi will become the first Emirati and Arab woman to assume a Director’s position at the NDB bank, established by Brazil, Russia, India, China and South Africa (BRICS) in July 2015 to support infrastructure projects in BRICS countries and other emerging economies
ii. She was appointed following an internal voting process during NDB’s 8th annual meeting held in Shanghai, China.
- In July 2023, Life Insurance Corporation of India(LIC) Mutual Fund completed the acquisition of Industrial Development Bank of India(IDBI) mutual fund from IDBI Asset Management Limited.
The total product offering of LIC Mutual Fund increased from 28 schemes to ________ schemes.
1) 40
2) 35
3) 30
4) 38
5) 43
Answer & Explanation
Answer-4) 38
Explanation:
On 29th July 2023, Life Insurance Corporation of India(LIC) Mutual Fund completed the acquisition of Industrial Development Bank of India(IDBI) mutual fund from IDBI Asset Management Limited following the approval of Competition Commission of India (CCI) in March 2023.
• A Scheme Transfer Agreement was entered into between LIC Mutual Fund Asset Management Limited (“LIC AMC”), the asset management company, and LIC Mutual Fund Trustee Private Limited (“LIC Trustee”), the trustee company of LIC MF, with IDBI Asset Management Limited (“IDBI AMC”), the asset management company, and IDBI MF Trustee Company Limited (“IDBI Trustee”), the trustee company of IDBI Mutual Fund (“IDBI MF”).
• Out of the 20 schemes of IDBI Mutual Fund, 10 schemes would undergo a merger with corresponding schemes of LIC Mutual Fund.
• The remaining 10 schemes would be directly taken over by LIC Mutual Fund as standalone offerings.
• This will expand the total product offering of LIC Mutual Fund from 28 schemes to 38 schemes.
- In July 2023, England Cricketer _________ announced his retirement from all forms of Cricket, while Moeen Ali confirmed his test cricket retirement after the end of the Ashes Test series.
1) James Michael Anderson
2) Ben Matthew Duckett
3) Stuart Christopher John Broad
4) Zak Crawley
5) Eoin Joseph Gerard Morgan
Answer & Explanation
Answer-3) Stuart Christopher John Broad
Explanation:
The 37 year old England Cricketer Stuart Christopher John Broad announced his retirement from all forms of Cricket on 29th July 2023 during the midway of England vs Australia’s 5th Ashes Test at The Oval stadium, London, United Kingdom(UK).
• He was honoured with Member of the Order of the British Empire (MBE) in 2016 for his services to cricket.
• As of now(July 2023), he is the Fifth highest wicket taker in Test history with 602 runs in 167 matches.
i. England all-rounder Moeen Ali confirms his test cricket retirement after the end of the Ashes series and he will play in other formats of cricket.
• He was awarded the Order of the British Empire(OBE) in June 2023 for his services to cricket.
ii. Australia cricket team retained the 5 match test series ‘Ashes 2023’ after the 2-2 draw against England.It was held from 16th June to 31st July in the United Kingdom(UK).
• This marks Australia’s 4th consecutive win in the series.
- In July 2023, Vakkom Purushothaman, Former Governor/Lieutenant Governor of Mizoram, __________ and Andaman & Nicobar Island passed away.
1) Sikkim
2) Tripura
3) Manipur
4) Assam
5) Arunachal Pradesh
Answer & Explanation
Answer-2) Tripura
Explanation:
On 31st July 2023, Vakkom Purushothaman, Senior Congress leader and former Speaker of Kerala, who also served as Governor of Mizoram, Tripura and Andaman & Nicobar Island passed away at the age of 95 in Thiruvananthapuram, Kerala.
i. He was the longest-served Speaker of the Kerala assembly, from 1982 to 1984 and again from 2001 to 2004.
ii. He was also elected to the Lok Sabha twice, from the Alappuzha constituency, and served from 1984-1989 and 1989-1991.
iii. He served as the 6th Lieutenant Governor of the Andaman and Nicobar Islands from 1993 to 1996, and Governor of Tripura (Additional Charge) for two months in 2014.
- Who authored the book, “Kargil: Ek Yatri Ki Jubani” that was released by the Union Minister of State for Defence of India, Ajay Bhatt in July 2023?
1) Rishi Raj
2) Indrapramit Das
3) Anand Neelakantan
4) Durjoy Datta
5) Anuj Dhar
Answer & Explanation
Answer-1) Rishi Raj
Explanation:
On 23rd July 2023, Ajay Bhatt, Minister of State (MoS), Ministry of Defence (MoD), released the book and illustrations titled “Kargil: Ek Yatri Ki Jubani” (Hindi Edition) authored by Rishi Raj at the Constitution Club of India, New Delhi, Delhi. The book which pays tribute to the Martyrs of Kargil War was published by Prabhat Prakashan.
i. The book portrays the lives of all the 527 soldiers, who laid down their lives for our nation in the Kargil War.
ii. The book highlights the importance of the Kargil Vijay Diwas and giving rich tributes to the brave soldiers.
iii. Rishi Raj has authored as many as 21 books, out of which four bagged the Rahul Sankrityayan Award from the Ministry of Tourism, Government of India (GoI).
- Which state government has recently (in July ‘23) collaborated with the United Nations Population Fund (UNFPA) to launch ‘Just Ask!’ Artificial Intelligence (AI)-enabled chatbot for Adolescents & Young Adults on Sexual and Reproductive Health and Rights (SRHR)?
1) Andhra Pradesh
2) West Bengal
3) Madhya Pradesh
4) Maharashtra
5) Gujarat
Answer & Explanation
Answer-3) Madhya Pradesh
Explanation:
United Nations Population Fund (UNFPA), formerly known as the United Nations Fund for Population Activities in collaboration with the National Health Mission (NHM) and the Department of Public Health and Family Welfare, Government of Madhya Pradesh (MP) launched an Artificial Intelligence (AI)-enabled chatbot called ‘Just Ask!’ (Khulke Poochho in Hindi), for adolescents and young adults (15-29 years) in India to explore information and become aware of the issues related to Sexual and Reproductive Health and Rights (SRHR).
i. The chatbot will equip, empower, and educate them about the need for accurate and accessible information on social issues.
ii. The chatbot has been developed by the UNFPA sexual and reproductive health experts.
- Name the country that has recently (in July ‘23) signed an MoU with India for cooperation in the agriculture sector.
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