Current Affairs Quiz 15th July 2023 For Bank Exam

Table of Contents

15th 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:

Jan Vishwas (Amendment of Provisions) Bill
Defence Acquisition Council
Rafale Marine aircraft
SAMARTH scheme

15th 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 15th July Current Affairs 2023 Quiz covering the following topics Headlines: Jan Vishwas (Amendment of Provisions) Bill, NBFC, Defence Acquisition Council, Rafale Marine aircraft, SAMARTH scheme.

Q1. Prior to their appointment to the Supreme Court, which courts did Ujjal Bhuyan and S. Venkatanarayana Bhatti serve in?
(a) Ujjal Bhuyan: Telangana High Court; S. Venkatanarayana Bhatti: Kerala High Court
(b) Ujjal Bhuyan: Gauhati High Court; S. Venkatanarayana Bhatti: Andhra Pradesh High Court
(c) Ujjal Bhuyan: Kerala High Court; S. Venkatanarayana Bhatti: Gauhati High Court
(d) Ujjal Bhuyan: Andhra Pradesh High Court; S. Venkatanarayana Bhatti: Telangana High Court
(e) None of the above

Answer & Explanation

S1. Ans.(b)
Sol. Ujjal Bhuyan served in the Gauhati High Court, and S. Venkatanarayana Bhatti served in the Andhra Pradesh High Court before being appointed to the Supreme Court.

Q2. What is the objective of the Jan Vishwas (Amendment of Provisions) Bill?
(a) To increase the penalties for minor offences
(b) To reduce the backlog of court cases
(c) To introduce new regulations for businesses
(d) To criminalize minor offences
(e) None of the above

Answer & Explanation

S2. Ans.(b)
Sol. The Jan Vishwas Bill aims to decriminalize minor offences and replace them with monetary penalties, with the goal of promoting ease of doing business and reducing the burden on the courts.

Q3. Which of the following non-banking finance companies (NBFCs) had their registration cancelled by the RBI?
(a) Nanma Chits and Financiers Ltd
(b) Chidrupi Financial Services Ltd
(c) Goldline Financial Services Ltd
(d) Kailash Auto Finance Ltd
(e) All of the above

Answer & Explanation

S3. Ans.(e)
Sol. The RBI cancelled the registration of Nanma Chits and Financiers Ltd, Chidrupi Financial Services Ltd, Goldline Financial Services Ltd, and Kailash Auto Finance Ltd.

Q4. How many entities voluntarily surrendered their NBFC licenses?
(a) 8
(b) 9
(c) 10
(d) 11
(e) 12

Answer & Explanation

S4. Ans.(d)
Sol. The RBI reported that 11 entities have voluntarily surrendered their NBFC licenses. These entities include: Sanapala Holdings Pvt Ltd De Lage Landen Financial Services Pvt Ltd Jamshedpur Securities

Q5. What was the global public debt in 2022?
(a) $92 billion
(b) $92 trillion
(c) $92 million
(d) $92 quadrillion
(e) $92 quintillion

Answer & Explanation

S5. Ans.(b)
Sol. Global public debt reached a record $92 trillion in 2022, with developing nations accounting for 30% of the total. Private creditors hold 62% of the debt in developing countries.

Q6. What was approved by the Defence Acquisition Council (DAC) to boost the Indian Navy’s operational capabilities?
(a) Procurement of 26 Rafale Marine aircraft
(b) Acquisition of three additional Scorpene submarines
(c) Both a) and b)
(d) Guidelines for achieving indigenous content in capital acquisitions
(e) None of the above

Answer & Explanation

S6. Ans.(c)
Sol. The DAC approved the procurement of 26 Rafale Marine aircraft and the acquisition of three additional Scorpene submarines.

Q7. Which country is the source of the Rafale Marine aircraft approved for procurement?
(a) India
(b) France
(c) United States
(d) Russia
(e) United Kingdom

Answer & Explanation

S7. Ans.(b)
Sol. The Rafale Marine aircraft will be procured from the French Government based on an Inter-Governmental Agreement (IGA).

Q8. Which aircraft manufacturer is involved in the joint development of fighter jet engines with India during PM Modi’s visit to France?
(a) Boeing
(b) Airbus
(c) Lockheed Martin
(d) Safran
(e) Rolls-Royce

Answer & Explanation

S8. Ans.(d)
Sol. The visit is expected to finalize several agreements to enhance defence cooperation, including the acquisition of 26 naval variants of the Rafale combat jet and three Scorpene-class submarines. Additionally, discussions on joint development of fighter jet engines with Safran, a French aircraft equipment manufacturer, and a roadmap for defence-industrial cooperation are anticipated.

Q9. Which of the following Acts is NOT mentioned as one of the Acts to be amended under the Jan Vishwas Bill?
(a) Motor Vehicles Act, 1988
(b) Aadhaar Act, 2016
(c) Factoring Regulation Act, 2011
(d) Prevention of Money-laundering Act, 2002
(e) Legal Metrology Act, 2019

Answer & Explanation

S9. Ans.(e)
Sol. The Acts mentioned in the question are part of the 42 Acts to be amended under the Jan Vishwas Bill, but the Legal Metrology Act, 2019, is not listed.

Q10. Which ministry announced the inclusion of 43 new implementing partners under the SAMARTH scheme?
(a) Ministry of Textiles
(b) Ministry of Skill Development and Entrepreneurship
(c) Ministry of Commerce and Industry
(d) Ministry of Labour and Employment
(e) Ministry of Home Affairs

Answer & Explanation

S10. Ans.(a)
Sol. The inclusion of 43 new implementing partners under the SAMARTH scheme was announced by the Ministry of Textiles.

Q11. What percentage of increment will implementing partners receive in financial support under the SAMARTH scheme?
(a) 1%
(b) 2%
(c) 3%
(d) 4%
(e) 5%

Answer & Explanation

S11. Ans.(e)
Sol. Implementing partners under the SAMARTH scheme will receive a 5% increment in financial support provided by the Ministry of Textiles.

Q12. Who conferred the Grand Cross of the Legion of Honour on Prime Minister Narendra Modi?
(a) Emmanuel Macron
(b) Nelson Mandela
(c) Angela Merkel
(d) Boutros Boutros-Ghali
(e) Charles, Prince of Wales

Answer & Explanation

S12. Ans.(a)
Sol. The Grand Cross of the Legion of Honour was conferred on Prime Minister Narendra Modi by French President Emmanuel Macron.

Q13. How long is the journey of the Chandrayaan-3 spacecraft to the Moon?
(a) 38,400 kilometers
(b) 3,840 kilometers
(c) 384,000 kilometers
(d) 384 kilometers
(e) 34,800 kilometers

Answer & Explanation

S13. Ans.(c)
Sol. The spacecraft launched aboard India’s heaviest rocket, Launch vehicle Mark-III a.k.a LVM3 on a journey to the Moon. The spacecraft will complete the 3,84,000 kilometers-long journey in nearly 45 days to attempt a soft-landing on the Moon by end of August. The Chandrayaan-3 mission began its journey to the Moon onboard India’s heaviest rocket, the Launch Vehicle Mark-III. The spacecraft is neatly packed in the launch fairing of the rocket as it begins its journey to the lunar world.

Q14. Which anniversary of the India-France strategic partnership is being marked during PM Modi’s visit?
(a) 10th anniversary
(b) 15th anniversary
(c) 20th anniversary
(d) 25th anniversary
(e) 30th anniversary

Answer & Explanation

S14. Ans.(d)
Sol. This year marks the 25th anniversary of the India-France strategic partnership, and PM Modi’s visit will provide an opportunity to chart the course of the partnership for the future.

Q15. Which of the following entities surrendered their NBFC license due to not meeting the criteria prescribed for unregistered Core Investment Companies (CIC)?
a) Sanapala Holdings Pvt Ltd
b) De Lage Landen Financial Services Pvt Ltd
c) Jamshedpur Securities
d) Both a) and b)
e) None of the above

Answer & Explanation

S15. Ans.(d)
Sol. Sanapala Holdings Pvt Ltd and De Lage Landen Financial Services Pvt Ltd, these entities surrendered their NBFC licenses because they did not meet the criteria set for unregistered Core Investment Companies (CIC) that do not require registration.