AffairsCloud brings you the complete and important daily Current Affairs Quiz 29 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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- In which city, Prime Minister (PM) Narendra Modi has recently (in July ‘23) inaugurated a futuristic International Exhibition-cum-Convention Centre (IECC) Complex “Bharat Mandapam” to host the G20 leaders’ meeting?
1) Bengaluru, Karnataka
2) New Delhi, Delhi
3) Gandhinagar, Gujarat
4) Mumbai, Maharashtra
5) Noida, Uttar PradeshAnswer-2) New Delhi, Delhi
Explanation:
On 26th July 2023, Prime Minister (PM) Narendra Modi inaugurated a futuristic International Exhibition-cum-Convention Centre (IECC), the revamped India Trade Promotion Organisation (ITPO) complex also known as Pragati Maidan Complex, and also unveiled the G20(Group of 20) coin and stamp at Pragati Maidan in New Delhi, Delhi.
• The IECC Complex has been named “Bharat Mandapam” and the naming ceremony of the Centre was carried out using a drone.
• PM Modi performed Havan and Puja at the new ITPO International Exhibition-cum-Convention Centre and felicitated shramiks involved in the construction of the Centre.
• The IECC Complex is set to host the G20 leaders’ meeting which is scheduled to be held in September 2023.
• The IECC complex was developed as a national project at a cost of Rs 2,700 crore with a campus area of 123 acres being India’s largest MICE (Meetings, Incentives, Conferences, and Exhibitions) destination. - In the 3rd round of Foreign Office Consultations (FOC) between India and _____________ (country) in July 2023, 5 MoUs were signed for the implementation of 5 Quick Impact Projects (QIPs).
1) Brunei
2) Timor-Leste
3) Cambodia
4) Cocos (Keeling)
5) Lao People’s Democratic RepublicAnswer-– 5) Lao People’s Democratic Republic
Explanation:
On July 27, 2023, the 3rd round of Foreign Office Consultations (FOC) between India and Lao People’s Democratic Republic (PDR) was held in Vientiane, Lao PDR. The FOC was co-chaired by Saurabh Kumar, Secretary (East), Ministry of External Affairs(MEA), India and Phoxay Khaykhamphithoune, Deputy Foreign Minister, Ministry of Foreign Affairs, Lao PDR.
i. During the 3rd India-Lao FOC, 5 Memorandums of Understanding (MoUs) were signed between the 2 nations for the implementation of 5 Quick Impact Projects (QIPs), in the fields of education, health, water facility and Information Technology (IT).
ii. QIPs were introduced by the Government of India (GoI) during the 6th Mekong Ganga Cooperation (MGC) Ministerial Meeting in New Delhi on September 4, 2012. These projects aim to benefit CLMV countries (Cambodia, Lao PDR, Myanmar, and Vietnam.
iii. In this regard, India-CLMV QIPs Revolving Fund was established with an initial annual contribution of US$1 million. - Name the new term assurance plan that has been recently (in July ‘23) launched by Life Insurance Corporation of India (LIC) to offer life cover with premium return.
1) Jeevan Labh
2) Jeevan Anand
3) Jeevan Kiran
4) Jeevan Umang
5) Jeevan LakshyaAnswer-– 3) Jeevan Kiran
Explanation:
On 28th July 2023, Life Insurance Corporation of India (LIC) launched a new term assurance plan “Jeevan Kiran”, a non-linked, non-participating, individual, savings, and life Insurance plan that offers a combination of protection and savings.
i. This policy will provide financial support to the family in case of unfortunate death of the life assured during the policy term and returns the total premiums paid in case of survival till maturity.
ii. For policies with Regular Premium Payments, the “Sum Assured on Death” will be the highest of Seven times the Annualised Premium (or) 105% of the “Total Premium Paid” up to the date of death (or) Basic Sum Assured.
iii. For policies with Single Premium Payment, the “Sum Assured on Death” is determined as the greater of 125% of the Single Premium (or) Basic Sum Assured. - Which company has recently (in July ‘23) launched ‘MoneySaver Export Account’ for Indian exporters to save 50% on overseas bank transfers?
1) PhonePe
2) Razorpay
3) Paytm
4) Freecharge
5) BharatPeAnswer- 2) Razorpay
Explanation:
On 26th July 2023, Razorpay, a Finetech company announced the launch of its ‘MoneySaver Export Account‘, built specifically for small and mid-size exporters by offering up to 50% savings on international bank transfers for the Indian exporters. The facility allows exporters to open an account in any country of their choice (over 160 countries).
i. The exporters receive international payments locally via the Razorpay platform such as FedWire, Automated Clearing House (ACH) and more in order to save from high transfer costs, chargebacks and payment failures.
ii. With the MoneySaver Export Account, Indian exporters can experience consistent wire transfer from their international customers over 200 countries and have their funds settled directly in their Indian bank accounts. - According to the State Bank of India’s (SBI) Ecowrap report dated on 27th July 2023, India is set to become the world 3rd Largest Economy in _________ (year).
1) 2027
2) 2028
3) 2029
4) 2030
5) 2026Answer-1) 2027
Explanation:
According to the State Bank of India’s (SBI) economic research report Ecowrap dated on 27th July 2023, India is set to become the world 3rd Largest Economy in 2027(Financial Year 2028) based on actual Gross domestic product (GDP) data as on March 2023.
• India currently ranks 5th in the world’s largest economy, accounting for 3.4% of global GDP. The United States of America (USA) ranks 1st in the Top 5 followed by China.
• As per the report, India will surpass both Japan and Germany in 2027 if it develops at the present current rate of growth.
• The report also states that India’s GDP is expected to grow by more than 8% in the first Quarter of Financial Year 2024 (8.1-8.2%).
• Maharashtra and Uttar Pradesh set to break the $500 billion mark in 2027 (or FY28). - Who has recently (in July ‘23) elected as the new chair of the Intergovernmental Panel on Climate Change (IPCC)?
1) Rajendra K. Pachauri (India)
2) Robert Watson (United States of America)
3) Hoesung Lee (South Korea)
4) James Ferguson Skea (United Kingdom)
5) Bert Bolin (Sweden)Answer-4) James Ferguson Skea (United Kingdom)
Explanation:
On 26th July 2023, James Ferguson ‘Jim’ Skea of the United Kingdom (UK) was elected as the new chair of the Intergovernmental Panel on Climate Change (IPCC) an intergovernmental body of the United Nations(UN) that works to advance scientific knowledge about climate change caused by human activities.
i. The election was held at the United Nations Environment Programme headquarters in Nairobi, Kenya.
ii. He was elected by 90 votes to 69 in a run-off with Thelma Krug of Brazil.
iii. As the new chair of IPCC, Jim Skea will lead the Panel through its 7th assessment cycle - Name the personality from India who has recently (in July ‘23) assumed the chairmanship of the 62nd Session of the Commission for Social Development (CSocD62).
1) T. S. Tirumurti
2) Syed Akbaruddin
3) Ruchira Kamboj
4) Nirupam Sen
5) Asoke Kumar MukerjiAnswer-– 3) Ruchira Kamboj
Explanation:
India’s Permanent Representative to the United Nations (UN), Ambassador Ruchira Kamboj, has assumed the chairmanship of the 62nd Session of the Commission for Social Development (CSocD62).
i. Note: CSocD meets annually in New York, The United States of America(USA), usually in February.
ii. On 15th February 2023, India was elected as the chair of the 62nd session of the UNCSocD, during the 13th plenary meeting-61st session of the commission for social development. India will hold its term until 2027. - 8. In July 2023, The Competition Commission of India (CCI) approved the acquisition of shareholding up to ________of stake in Unichem Laboratories Limited by Ipca Laboratories Limited.
1) 59.38%
2) 45.31%
3) 40.26%
4) 65.32%
5) 69.23%Answer-1) 59.38%
Explanation:
The Competition Commission of India (CCI), the competition regulator in India, approved the proposed combination involving acquisition of shareholding up to 59.38% of stake in Unichem Laboratories Limited by Ipca Laboratories Limited.
• Acquirer: Ipca Laboratories Limited.
• Target: Unichem Laboratories Limited.
i. The proposed combination pertains to proposed acquisition of approximately 33.38% of the issued and paid-up equity voting share capital (on a fully diluted basis) of the Target by the Acquirer pursuant to a share purchase agreement. - Name the company that has recently (in July ‘23) signed an MoU with the Thyssenkrupp Marine Systems (TKMS) to modernize a Sub-Surface Killer (SSK) class submarine, Indian Navy Ship (INS) Shankush.
1) Garden Reach Shipbuilders & Engineers
2) Mazagon Dock Shipbuilders Ltd
3) Hindustan Shipyard Ltd
4) Mishra Dhatu Nigam Ltd
5) Goa Shipyard LtdAnswer-2) Mazagon Dock Shipbuilders Ltd
Explanation:
Thyssenkrupp Marine Systems (TKMS) and Mazagon Dock Shipbuilders Ltd (MDL) has signed a Memorandum of Understanding (MoU) for the overhaul and modernization of a Sub-Surface Killer (SSK) class submarine, Indian Navy Ship (INS) Shankush to extend its operational capability.
i. MDL, a Miniratna I Central Public Sector Undertaking (CPSU) will act as general contractor up till the on-time delivery of the submarine.
ii. TKMS, a Germany-based leading naval company, will be responsible for supplying selected systems, equipment and components as well as for on-site technical support and pressure hull inspection. - What was the theme of World Hepatitis Day (WHD) 2023 that was observed across the globe on 28th July 2023 by the World Health Organization (WHO)?
1) One Life, One Liver
2) Bringing hepatitis care closer to you
3) Hepatitis Can’t Wait
4) Hepatitis-free future
5) Withstand for HepatitisAnswer-1) One Life, One Liver
Explanation:
The World Health Organization’s (WHO’s) World Hepatitis Day (WHD) 2023 was observed across the globe on the 28th July 2023 with the theme of “One Life, One Liver”.
i. ‘We’re Not Waiting’ is the campaign theme for WHD 2023 and the 1st WHOs, WHD was observed on 28th July 2011.
ii. Hepatitis is an inflammation of the liver, often caused by viral infections.
iii. Five main strains of the hepatitis virus – A, B, C, D, and E – are responsible for the majority of cases but they differ in important ways including modes of transmission, severity of the illness, geographical distribution and prevention methods.
- In which city, Prime Minister (PM) Narendra Modi has recently (in July ‘23) inaugurated a futuristic International Exhibition-cum-Convention Centre (IECC) Complex “Bharat Mandapam” to host the G20 leaders’ meeting?
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