Current Affairs Quiz 07th July 2023 For Bank Exam

Table of Contents

07th July Current Affairs 2023 Quiz: Here, we are providing the July Current Affairs Quiz. These types of topics are important for candidates who prepare for Bank Exam 2023. In this article, we are covering the following topics Headlines:

Centralised Information Management System
International Conference on Green Hydrogen
Global Peace Index 2023
Swarnima Scheme

07th July Current Affairs 2023 Quiz

The Current Affairs 2023 section constitutes a major part of the General Awareness section in a competitive examination and plays an instrumental role. To supplement your preparation for the General Awareness Section of the upcoming exams like IBPS PO/Clerk Mains, SBI PO Mains and SEBI Grade A Prelims, we are providing you 07th July Current Affairs 2023 Quiz covering the following topics Headlines: Centralised Information Management System, International Conference on Green Hydrogen, Global Peace Index 2023, Swarnima Scheme.

Q1. What is the purpose of the Reserve Bank of India’s Centralised Information Management System (CIMS)?
(a) To handle big data and facilitate data analysis
(b) To manage financial transactions
(c) To enforce regulatory compliance
(d) To disseminate public information
(e) None of the above.

Answer & Explanation

S1. Ans.(a)
Sol. CIMS is designed to manage the flow, aggregation, analysis, and dissemination of massive amounts of data across multiple domains.

Q2. The Ministry of Home Affairs has introduced the “Scheme for Expansion and Modernization of Fire Services in the States”. How much contribution is required from State Governments for projects/proposals under the scheme?
(a) 10%
(b) 18%
(c) 12%
(d) 25%
(e) 30%

Answer & Explanation

S2. Ans.(d)
Sol. State Governments need to contribute 25% of the total cost of projects/proposals under the scheme, except for the North-Eastern and Himalayan (NEH) States, which will contribute 10%.

Q3. Which commission’s recommendation forms the basis of the funding window for preparedness and capacity-building?
(a) Twelfth Finance Commission
(b) Thirteenth Finance Commission
(c) Fourteenth Finance Commission
(d) Fifteenth Finance Commission
(e) Sixteenth Finance Commission

Answer & Explanation

S3. Ans.(d)
Sol. The recommendation of the Fifteenth Finance Commission (XV-FC) allows for an allocation of 12.5% from the National Disaster Response Fund (NDRF) and State Disaster Response Fund (SDRF) for the Funding Window of Preparedness and Capacity Building.

Q4. Which ministry is organizing the International Conference on Green Hydrogen?
(a) Ministry of New and Renewable Energy
(b) Ministry of Women and Child Development
(c) Ministry of Social Justice and Empowerment
(d) Ministry of Micro, Small, and Medium Enterprises
(e) None of the above.

Answer & Explanation

S4. Ans.(a)
Sol. The conference is being organized by the Ministry of New and Renewable Energy in partnership with other government entities.

Q5. What is India’s position in terms of sourcing energy from non-fossil fuel sources?
(a) 20%
(b) 30%
(c) 40%
(d) 60%
(e) 80%

Answer & Explanation

S5. Ans.(c)
Sol. At present, India sources 40% of its energy from non-fossil fuel sources, which is ahead of the target of 2030.

Q6. What was the total FDI inflow to developing countries in 2022?
(a) $662 million
(b) $662 billion
(c) $662 trillion
(d) $562 trillion
(e) $563 billion

Answer & Explanation

S6. Ans.(b)
Sol. The UNCTAD’s World Investment Report 2023 reveals that foreign direct investment (FDI) inflows to developing Asia remained unchanged at $662 billion in 2022 compared to the previous year.

Q7. Which country in South Asia saw a 10% increase in FDI inflows in 2022?
(a) China
(b) India
(c) Bangladesh
(d) Pakistan
(e) Nepal

Answer & Explanation

S7. Ans.(b)
Sol. FDI flows to India increased by 10% to reach $49.3 billion, positioning India as the third-largest host country for greenfield project announcements

Q8. What is India’s ranking on the Global Peace Index 2023?
(a) 1st
(b) 31st
(c) 146th
(d) 126th
(e) 116th

Answer & Explanation

S8. Ans.(d)
Sol. India is ranked 126th out of 163 countries on the Global Peace Index, indicating that it faces challenges in achieving high levels of peace.

Q9. Which country has consistently ranked as the most peaceful country in the world since 2008?
(a) Denmark
(b) New Zealand
(c) Iceland
(d) Switzerland
(e) None of the above.

Answer & Explanation

S9. Ans.(c)
Sol. Iceland has maintained its position as the most peaceful country in the world since the Global Peace Index was first released in 2008.

Q10. What is the eligibility criteria for the Swarnima Scheme?
(a) Applicants must be males between 18 and 55 years old.
(b) Applicants must have a total annual family income of more than ₹3,00,000/-.
(c) Applicants must be entrepreneurs from any social class.
(d) Applicants must be females between 18 and 55 years old.
(e) None of the above.

Answer & Explanation

S10. Ans.(d)
Sol. The eligibility criteria for the Swarnima Scheme include being a female between the ages of 18 and 55.

Q11. When did India and Pakistan become permanent members of the SCO?
(a) 2001
(b) 2017
(c) 2021
(d) 2019
(e) 2007

Answer & Explanation

S11. Ans.(b)
Sol. The SCO was established in Shanghai in 2001 by the presidents of Russia, China, the Kyrgyz Republic, Kazakhstan, Tajikistan, and Uzbekistan. India and Pakistan joined as permanent members in 2017, further strengthening the organization’s regional presence.

Q12. Which country became a popular destination for medical travel, hosting approximately 3.5 million foreign patients between 2009 and 2019?
(a) United States
(b) China
(c) United Kingdom
(d) India
(e) South Africa

Answer & Explanation

S12. Ans.(d)
Sol. India has become a preferred destination for medical travel, attracting around 3.5 million foreign patients from 2009 to 2019.

Q13. Why did Piramal Finance open its first all-women branch called “Maitreyi”?
(a) To empower women by providing financial services tailored to their needs.
(b) To reinforce their commitment to women’s financial inclusion.
(c) To tap into the growing market potential of female customers.
(d) All of the above.
(e) None of the above.

Answer & Explanation

S13. Ans.(d)
Sol. Piramal Finance opened the all-women branch to empower women, cater to their unique needs, tap into the growing market potential, and reinforce their commitment to women’s financial inclusion.

Q14. The Union Government approved the draft Digital Personal Data Bill and come before Parliament in the monsoon season. Sources in the government said the Ministry of Electronics and Information Technology received and considered 21,666 suggestions to the draft bill that have been circulated for comments in November, 2022. What is the penalty that the Data Protection Board (DPB) can levy on organizations found to be in breach?
(a) Up to Rs. 100 crore
(b) Up to Rs. 150 crore
(c) Up to Rs. 200 crore
(d) Up to Rs. 250 crore
(e) Up to Rs. 110 crore

Answer & Explanation

S14. Ans.(d)
Sol. The DPB has the authority to levy a penalty of up to Rs. 250 crore on organizations found to be in breach of the Digital Personal Data Protection Bill.

Q15. Which state has surpassed Tamil Nadu in terms of microlending borrowings as of March 2023?
(a) Bihar
(b) Uttar Pradesh
(c) Karnataka
(d) West Bengal
(e) Maharashtra

Answer & Explanation

S15. Ans.(a)
Sol. Bihar has surpassed Tamil Nadu to become the state with the highest microlending borrowings in India as of March 2023.