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Current Affairs Quiz: 3 & 4 July 2022

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AffairsCloud brings you the complete and important daily Current Affairs 3 & 4 July 2022 Quiz 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 2022 updates.

Our Current Affairs March 2022 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.

    1. As per the 5th Business Reforms Action Plan (BRAP) 2020, which of the following state is ‘not’ in the Top Achievers category?
      1) Tamil Nadu
      2) Andhra Pradesh
      3) Haryana
      4) Uttar Pradesh
      5) Gujarat
      Answer-4) Uttar Pradesh
      The assessment of States/Union Territories (UTs) under the Business Reforms Action Plan (BRAP) 2020, the 5th edition of the BRAP exercise, was announced by Union Minister Nirmala Sitharaman, Ministry of Finance (MoF), and Ministry of Corporate Affairs (MoCA) on June 30, 2022, in New Delhi, Delhi.
      i.Since 2014, the Department for Promotion of Industry and Internal Trade (DPIIT), MoF, has been assessing States/UTs based on their performance in implementing prescribed reforms in the BRAP exercise.
      ii. The 7 States/UTs under the Top Achievers category in BRAP 2020: Andhra Pradesh,Gujarat, Haryana, Karnataka, Punjab, Tamil Nadu and Telangana

    2. In July 2022, the Government of India amended the Foreign Contribution (Regulation) Amendment Rules, 2022.
      Indians can now receive up to ______ in a year from relatives living abroad without informing the authorities.

      1) Rs 10 lakh
      2) Rs 4 lakh
      3) Rs 5 lakh
      4) Rs 3 lakh
      5) Rs 6 lakh
      Answer-1) Rs 10 lakh
      The Government of India (GoI) has made seven key amendments to the existing Foreign Contribution (Regulation) Act (FCRA) Rules 2011, which was renamed as the Foreign Contribution (Regulation) Amendment Rules, 2022, w.e.f. July 01, 2022.
      i. Foreign Contribution (Regulation) Act (FCRA) allows Indians to receive up to Rs 10 lakh in a year from relatives staying abroad without informing the authorities.The earlier limit was Rs 1 lakh.
      ii. The rules were amended by GoI in exercise of the powers conferred by section 48 of the Foreign Contribution (Regulation) Act, 2010 (42 of 2010).
      iii. There are another amendments in rule 6: if the amount exceeds, the individuals will have 90 days to inform the government instead of the 30 days period earlier.

    3. Which company recently (in July’22) partnered with Avanse Financial Services to provide travel insurance to Indian students going abroad for higher education?
      1) Edelweiss General Insurance
      2) Bajaj Allianz General Insurance
      3) Cholamandalam MS General Insurance
      4) Kotak Mahindra General Insurance
      5) Aditya Birla General Insurance
      Answer-1) Edelweiss General Insurance
      Edelweiss General Insurance has partnered with Avanse Financial Services, an education-focused NBFC, to provide travel insurance to Indian students going abroad for higher education.
      i. Under this partnership, EGI plans to offer complete coverage against medical, stay and travel inconvenience-related covers, thereby ensuring a worry-free, study and stay period for students and students will also have the choice to customize their plan with optional covers as per their needs and requirements from universities.

    4. In July 2022, Credit Rating Information Services of India Limited (CRISIL) recently (in July’22) decreased India’s GDP growth to _______ from 7.8% for FY23.
      1) 7.1%
      2) 7.3%
      3) 7.0%
      4) 7.2%
      5) 7.5%
      Answer-2) 7.3%
      CRISIL, a Credit Rating Information Services of India Limited, has decreased India’s real gross domestic product (GDP) growth forecast to 7.3% from 7.8% for FY23 due to slowing of export demand and high inflation and the country’s recent revision of higher oil prices.
      i. The GDP predictions are in line with the Reserve Bank of India (RBI’s) estimates, which projected the economy to grow at 7.2% for FY23, from earlier guidance of 7.8%.
      ii. The inflation stood at an average 6.8% in FY23 against 5.5% in FY22 reducing purchasing power that would revive consumption which is the largest component of GDP.

    5. As per the Ministry of Commerce and Industry’s recent (in June ’22) data, India recorded an all-time high in seafood exports with a value of _______ in FY 2021-22.
      1) USD 6.89 billion
      2) USD 4.78 billion
      3) USD 8.13 billion
      4) USD 7.76 billion
      5) USD 9.01 billion
      Answer-4) USD 7.76 billion
      According to the Ministry of commerce and industry data, India recorded all-time high exports worth USD 7.76 billion with the volume of 13,69,264 MT of seafood in FY 2021-22, despite the several challenges in its major export markets caused by the Covid-19 pandemic.
      i. India shipped 13,69,264 metric tonnes (MT) of seafood worth Rs 57,586.48 crore (USD 7.76 billion) FY 2021-22, despite heavy odds and the export improved in rupee terms by 31.71 per cent, in USD terms by 30.26 per cent and in quantity terms by 19.12 per cent, during the FY 2021-22.

    6. Name the personality who was recently (in July’22) won the Ayurveda Ratna Award 2022 by the United Kingdom (UK) Parliament.
      1) Umesh Vasant Tagade
      2) Sujata Kadam
      3) Tanuja Nesari
      4) Anil Kumar
      5) Mahesh Vyas
      Answer-3) Tanuja Nesari
      Director of All India Institute of Ayurveda (AIIA), Tanuja Nesari, was awarded with the Ayurveda Ratna Award 2022 by the United Kingdom (UK) Parliament for contribution in the field of growth of Ayurveda at global and national level. It was conferred by the All-Party Parliamentary Group on Indian Traditional Sciences (ITSappg) of UK.
      i. The award was presented on the occasion of the International Day of Yoga (June 21).

    7. Who was recently (in July’22) selected as the Chairman and Managing Director (MD) of GAIL (India) Limited?
      1) Sandeep Kumar Gupta
      2) Bhuwan Chandra Tripathi
      3) Ram Shanker
      4) Manoj Jain
      5) Ajay Kumar Sahni
      Answer-1) Sandeep Kumar Gupta
      Sandeep Kumar Gupta, Director for Finance of Indian Oil Corporation (IOC), has been selected as the Chairman and Managing Director (MD) of GAIL (India) Limited by Public Enterprises Selection Board (PESB). He will replace Manoj Jain, who is scheduled to retire on 31st August, 2022.
      i. The PESB recommendation will be vetted by the Appointments Committee of the Cabinet (ACC) headed by Prime Minister (PM) Narendra Modi, after the go-ahead of anti-corruption bodies such as the Central Vigilance Commission (CVC) and Central Bureau of Investigation (CBI).

    8. Which organisation recently (in July’22) conducted the maiden flight of the Autonomous Flying Wing Technology Demonstrator from Chitradurga, Karnataka?
      1) Indian Space Research Organisation
      2) Indian Army
      3) Defence Research and Development Organisation
      4) Indian Navy
      5) Hindustan Aeronautics Limited
      Answer-3) Defence Research and Development Organisation
      The Defence Research and Development Organisation (DRDO) successfully carried out the maiden flight of the Autonomous Flying Wing Technology Demonstrator from the Aeronautical Test Range, Chitradurga, Karnataka.
      i. It has been designed and developed by Aeronautical Development Establishment (ADE), Bengaluru, one of the research laboratories of DRDO.

    9. Who authored the biography, “The Life and Times of George Fernandes”?
      1) Sudeep Nagarkar
      2) Vikram Chandra
      3) Rahul Ramagundam
      4) Durjoy Datta
      5) Ashwin Sanghi
      Answer-3) Rahul Ramagundam
      A new biography of former Union Minister of India, George Fernandes, titled “The Life and Times of George Fernandes”, is authored by Rahul Ramagundam and will be released by Penguin Random House India’s Allen Lane imprint on July 25, 2022.
      About George Fernandes:
      In 1989, George Fernandes became the Railways minister under V.P. Singh’s National Front coalition government, comprising mostly Left leaning parties.
      Later, Fernandes joined the BJP-led National Democratic Alliance (NDA) government under Prime Minister Atal Bihari Vajpayee in 1998 and 1999, in which he was appointed the defense minister.

    10. When was World Sports Journalists Day observed across the globe?
      1) 2nd July 2022
      2) 29th June 2022
      3) 1st July 2022
      4) 3rd July 2022
      5) 30th June 2022
      Answer-1) 2nd July 2022
      World Sports Journalists Day 2022 was observed on 2nd July 2022 to commemorate the establishment of the International Sports Press Association also known as the Association Internationale de la Presse Sportive (AIPS) in 1924, during the Summer Olympics in Paris, France.
      i. 2 July, 2022 marked the 98th anniversary of the International Sports Press Association (AIPS). The World Sports Journalists Day was introduced In 1994 by AIPS.