AffairsCloud brings you the complete and important daily Current Affairs Quiz 28 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.
- In July 2023, the Ministry of Agriculture and Farmers Welfare (MoA & FW) launched 3 technological initiatives YES-Tech, WINDS portal & AIDE (Sahayak) mobile app under the __________ (scheme) and Restructured Weather Based Crop Insurance Scheme (RWBCIS).
1) Pradhan Mantri Annadata Aay SanraksHan Abhiyan
2) Pradhan Mantri Krishi Sinchai Yojana
3) Pradhan Mantri Fasal Bima Yojana
4) Pradhan Mantri Kisan Samman Nidhi scheme
5) Pradhan Mantri Kisan Maan DhanYojana
Answer & Explanation
Answer-– 3) Pradhan Mantri Fasal Bima Yojana
Explanation:
On 21st July 2023, the Ministry of Agriculture and Farmers Welfare (MoA & FW) launched 3 technological initiatives under the Pradhan Mantri Fasal Bima Yojana (PMFBY) and Restructured Weather Based Crop Insurance Scheme (RWBCIS) to empower farmers and streamline their operations in New Delhi, Delhi.
i. Union Agriculture Minister Narendra Singh Tomar and Union Minister for Earth Sciences Kiren Rijiju launched the new initiatives, including YES-Tech (Yield Estimation System, based on Technology) Manual, Weather Information Network Data Systems (WINDS) portal and AIDE (Sahayak) mobile app, to provide farmers with accurate weather data, yield estimates, and crop insurance access, effective from the current tender cycle of 2023-25.
- Name the company that has recently (in July ‘23) signed an MoU with India AI to foster collaboration in the field of Artificial Intelligence (AI) and Emerging Technologies.
1) IBM
2) Google
3) Oracle Corporation
4) Meta India
5) Microsoft India
Answer & Explanation
Answer-– 4) Meta India
Explanation:
On July 26, 2023, India AI and Meta India signed a Memorandum of Understanding (MoU) to foster collaboration in the field of Artificial Intelligence (AI) and Emerging Technologies.
i. India AI is an Independent Business Unit (IBD) under Digital India Corporation (DIC) of the Ministry of Electronics and Information Technology (MeitY).
ii. The partnership will promote social inclusion, enhance government service delivery, and drive innovation using large language models, Generative AI, cognitive systems, and translation models.
iii. The Objectives of the MoU to establish a framework for collaboration and cooperation between both entities in the field of AI & Emerging Technologies & to make Meta’s open-source AI models available for use by the Indian AI ecosystem.
- . In July 2023, _____________ became the first Indian city to be part of the World Cities Culture Forum (WCCF).
1) Ahmedabad, Gujarat
2) New Delhi, Delhi
3) Bengaluru, Karnataka
4) Chennai, Tamil Nadu
5) Indore, Madhya Pradesh
Answer & Explanation
Answer-3) Bengaluru, Karnataka
Explanation:
Bengaluru, the capital of Karnataka became the first Indian city to be part of the World Cities Culture Forum (WCCF), a global network of cities that share research and intelligence to explore the role of culture in future prosperity.
• Bengaluru became the 41st city to join the forum and the network currently includes 40 cities across six continents. The forum includes cities like New York, London, Paris, Tokyo, and Dubai.
i. The participative project called Unboxing Bangalore is established to create a new narrative around Bengaluru through multimedia properties and they have been representing the city and leading the discussions.
ii. WCCF will work closely with Unboxing BLR Foundation, a not-for-profit initiative co-founded in April 2022 by Prashanth Prakash, Founding Partner of Accel India and Philanthropist, and journalist Malini Goyal.
- Which company has recently (in July ‘23) released a special postal stamp, a customised “My Stamp” on Mission Millet in collaboration with the Department of Post?
1) Hindustan Unilever
2) ITC Limited
3) Reliance Industries
4) Britannia Industries
5) Godrej Consumer Products
Answer & Explanation
Answer-2) ITC Limited
Explanation:
On 25th July 2023, ITC Limited, a leading Indian multi-business enterprise based in Kolkata, West Bengal, released a special postal stamp, a customised “My Stamp” on Mission Millet in collaboration with the Department of Post(India Post) under the Ministry of Communication.
i. The postal stamp was released to celebrate Shree Anna and to create awareness about the importance of Millets.
ii. The postal stamp is a part of ITC’s Mission Millets initiative commemorating the International Year of Millets 2023.
iii. The exclusive ITC Mission Millets postal stamp acknowledges the significant role of farmers and connects sustainable farming to nutritious food products and delicious millet-based recipes and dishes.
- In July, 2023, a list of Coalition Greenwich’s (a division of CRISIL) Share and Quality Leaders, and Greenwich Excellence Awards 2023 was released in which _________(Bank) has overtaken the State Bank of India (SBI) as a top ranked bank in the 3 categories of Share and Quality Leaders Award list.
1) Axis Bank
2) YES Bank
3) ICICI Bank
4) IndusInd Bank
5) HDFC Bank
Answer & Explanation
Answer-5) HDFC Bank
Explanation:
On July 24, 2023, a list of Coalition Greenwich’s (a division of CRISIL) Share and Quality Leaders, and Greenwich Excellence Awards 2023 was released in which HDFC Bank (among India’s local banks) has overtaken the State Bank of India (SBI) as a top ranked bank in the 3 categories of Share and Quality Leaders Award list.
• In the list of Greenwich Share Leader 2023(Large Corporate), HDFC Bank has overtaken State Bank of India (SBI) and topped the list of Indian Large Corporate Banking Market Penetration – Local Banks.
• ICICI Bank has topped the Indian Large Corporate Banking Quality – Local Banks and emerged as the sole designation for Greenwich Quality Leader 2023(Large Corporate).
• In the list of Greenwich Share Leader 2023 (Middle Market), HDFC Bank has again topped the list of Indian Middle Market Banking Market Penetration(Local Banks). The bank previously topped the list in 2022.
• For the 6th year, Coalition Greenwich has recognized excellence in Indian corporate banking through 2023 Greenwich Excellence Awards to identify the top-ranked banks in a series of product and service categories.
• Citi won the Greenwich Excellence Awards 2023 under the Overall Digital Experience category.
- Which bank has recently (in July ‘23) launched SB NRE (Non-Resident External) Eve+, a unique Non-Resident (NR) Saving Bank (SB) account scheme for Non-Resident Indian (NRI) women?
Which bank has recently (in July ‘23) launched SB NRE (Non-Resident External) Eve+, a unique Non-Resident (NR) Saving Bank (SB) account scheme for Non-Resident Indian (NRI) women?
1) ICICI Bank
2) Axis Bank
3) Federal Bank
4) HDFC Bank
5) Kotak Mahindra Bank
Answer & Explanation
Answer- 3) Federal Bank
Explanation:
The Federal Bank Limited (the erstwhile Travancore Federal Bank Limited) launched a unique Non-Resident (NR) Saving Bank (SB) account scheme, named SB NRE (Non-Resident External) Eve+ designed exclusively for the financial needs of Non-Resident Indian (NRI) women.
i. The scheme provides a variety of benefits geared at enhancing the financial journeys of the NRI women.
ii. During the global virtual launch, the product theme as well as the prototype of the customised debit was revealed and a debit card was presented to the first NRE Eve+ customer (Suni Paul) of the Federal Bank.
iii. The release of NRE Eve+ Savings Account was announced at the ‘Nurses Day Out’ Event conducted as part of Nikai Angel Awards 2023 held at the De Montfort University, Dubai, United Arab Emirates (UAE) on 23rd July 2023.
- Name the bank that has recently (in July ‘23) partnered with Dvara Kshetriya Gramin Financial Services (KGFS) to enter into a co-lending partnership to provide business capital to micro enterprises.
1) YES Bank
2) HDFC Bank
3) ICICI Bank
4) Axis Bank
5) IndusInd Bank
Answer & Explanation
Answer-2) HDFC Bank
Explanation:
Dvara Kshetriya Gramin Financial Services (KGFS), Chennai(Tamil Nadu) based Non-Banking Financial Company (NBFC), and HDFC Bank Limited have entered into a co-lending partnership to provide business capital to micro enterprises operating primarily in the unorganised sector, that have limited access to formal sources of finance.
i. The partnership aligns with the Dvara KGFS’s 2023 Annual Operating Plan (AOP) looking to enable credit for micro businesses across the 10 states that it serves.
ii. This partnership will increase Dvara KGFS’s capabilities in empowering the operations of micro business in rural areas.
- Who has been recently (in July ‘23) named as caretaker Prime Minister (PM) of Spain?
1) Adolfo Suárez
2) José María Aznar
3) Mariano Rajoy
4) Pedro Sánchez
5) Felipe González
Answer & Explanation
Answer-
Explanation:
Pedro Sánchez, General Secretary of Spanish Socialist Workers’ party (Spanish acronym: PSOE) was formally named as caretaker Prime Minister (PM) of Spain. The interim government will remain in power until a resolution is reached for the political uncertainty that emerged from the inconclusive elections held on 23rd July 2023.
i. Pedro Sánchez has been the 7th PM of Spain (officially president of the Government of Spain) since 2018.
ii. In 2018, he became the first politician from Spain to unseat a PM (Mariano Rajoy) through a motion of no-confidence
- In July 2023, Mahindra & Mahindra (M&M) Limited acquired a 3. 53% stake in ___________ (Bank) for Rs 417 crore.
1) Axis Bank
2) RBL Bank
3) IndusInd Bank
4) ICICI Bank
5) HDFC Bank
Answer & Explanation
Answer- 2) RBL Bank
Explanation:
On 26th July 2023, Mahindra & Mahindra (M&M) Limited, automotive manufacturing company of Mahindra group, acquired a 3. 53% stake in Mumbai(Maharashtra) based RBL Bank, formerly known as Ratnakar Bank, for Rs 417 crore.
i. This is the first significant move by a manufacturing sector to venture into a private bank, after new norms of Reserve Bank of India(RBI) in 2021.
ii. There is also a scope for further investments of Mahindra & Mahindra subject to the cap of 9. 9%
iii. Banking companies (after the completion of business of 15 years) can hold upto 26% stake in banks, but can be their promoters.
- Who has recently (in July ‘23) became India’s 83rd chess Grandmaster (GM) by earning his 3rd GM norm in the 9th round of Biel Chess Festival Master Tournament (MTO) 2023 held in Switzerland?
1) Aditya S Samant
2) Vuppala Prraneeth
3) Sayantan Das
4) Vignesh NR
5) M Pranesh
Answer & Explanation
Answer-1) Aditya S Samant
Explanation:
On 26th July 2023, Aditya S Samant (17) an International Master, became India’s 83rd chess Grandmaster (GM) by earning his 3rd GM norm against Aryan Chopra in the 9th round of Biel Chess Festival Master Tournament (MTO) 2023 in Switzerland.
i. Aditya who hails from Maharashtra earned his 1st GM norm at the age of 16 at the ABU Dhabi Masters in Abu Dhabi, United Arab Emirates (UAE) in August 2022 and secured his 2nd GM norm at the 3rd El Llobregat Open, Spain in December 2022.
ii. Aditya is the third Indian to achieve the final GM norm at the Biel Chess tournament.
iii. In 2021, Harshit Raja and in 2022, Pranav Anand earned their final GM norm at the Biel Chess tournament.
Note: To become a GM, a player has to secure 3 GM norms and cross the live rating of 2,500 Elo points.
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