Current Affairs Quiz 05th July 2023 For Bank Exam

Table of Contents

05th 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:

State Bank of India
Kakrapar Atomic Power Project
IDFC First Bank
People’s Plan Campaign

05th 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 05th July Current Affairs 2023 Quiz covering the following topics Headlines: State Bank of India, Kakrapar Atomic Power Project, IDFC First Bank, People’s Plan Campaign.

Q1. On the occasion of its 68th foundation day, the State Bank of India (SBI) has inaugurated 34 Transaction Banking Hubs across 21 district centres in the country. How will the Transaction Banking Hubs of State Bank of India assist business customers?
(a) By providing specialized investment advice
(b) By offering attractive concessions on savings accounts
(c) By connecting them with subsidiary companies
(d) By offering insurance services
(e) By providing personal loan facilities

Answer & Explanation

S1. Ans.(c)
Sol. The Transaction Banking Hubs will leverage the ‘Power of One’ within the SBI Group to enable seamless connectivity with different business verticals and subsidiary companies.

Q2. India’s first domestically built 700 MW nuclear reactor recently started commercial operations at the Kakrapar Atomic Power Project in Gujarat. How much power capacity is the first indigenous 700 MWe Unit, KAPP-3, currently operating at?
(a) 50%
(b) 70%
(c) 80%
(d) 90%
(e) 100%

Answer & Explanation

S2. Ans.(d)
Sol. The KAPP-3 reactor at the Kakrapar Atomic Power Project is currently operating at 90% of its total power capacity.

Q3. How many 700 MW pressurized heavy water reactors (PHWRs) does the Nuclear Power Corporation of India Limited (NPCIL) plan to build across the country?
(a) Two
(b) Six
(c) Ten
(d) Sixteen
(e) Twenty

Answer & Explanation

S3. Ans.(d)
Sol. NPCIL has plans to build sixteen 700 MW PHWRs across India, indicating a significant expansion of nuclear power infrastructure.

Q4. IDFC First Bank and IDFC Ltd have announced their merger plans, with a share exchange ratio of 155 equity shares of IDFC First Bank for every 100 equity shares of IDFC. What percentage of shareholding does IDFC Limited hold in IDFC First Bank as of June 30, 2023?
(a) 39.93%
(b) 30.89%
(c) 42.75%
(d) 26.42%
(e) 35.16%

Answer & Explanation

S4. Ans.(a)
Sol. As of June 30, 2023, IDFC Limited, through its non-financial holding company, holds a 39.93% shareholding in IDFC First Bank.

Q5. Who will serve as the regulatory body for all trading activities within India’s carbon market?
(a) Ministry of Power
(b) Central Electricity Regulatory Commission (CERC)
(c) Bureau of Energy Efficiency (BEE)
(d) Grid-India
(e) Niti Aayog

Answer & Explanation

S5. Ans.(b)
Sol. The CERC will act as the regulatory body responsible for overseeing all trading activities within the Indian carbon market, ensuring compliance and enforcing regulations.

Q6. Which organization will serve as the registry for the carbon market in India?
(a) Ministry of Power
(b) Central Electricity Regulatory Commission (CERC)
(c) Bureau of Energy Efficiency (BEE)
(d) Grid-India
(e) Niti Aayog

Answer & Explanation

S6. Ans.(d)
Sol. Grid-India will function as the registry for the carbon market, maintaining records of carbon credits, transactions, and participant information to ensure transparency and accountability.

Q7. What is the purpose of the People’s Plan Campaign (PPC) organized by the Ministry of Panchayati Raj?
(a) To promote community participation in governance
(b) To prepare Gram Panchayat Development Plans (GPDP)
(c) To ensure inclusive development at the grassroots level
(d) To align flagship schemes with Sustainable Development Goals (SDGs)
(e) All of the above

Answer & Explanation

S7. Ans.(e)
Sol. The PPC aims to promote community participation, prepare GPDPs, ensure inclusive development, and align schemes with SDGs.

Q8. How many local indicators are included in the Panchayat Development Index (PDI) Report?
(a) 144
(b) 288
(c) 577
(d) 688
(e) 777

Answer & Explanation

S8. Ans.(c)
Sol. The PDI Report includes 577 local indicators across the nine thematic areas of LSDGs.

Q9. Who has been appointed as the Chief Financial Officer (CFO) of State Bank of India?
(a) Charanjit Surinder Singh Attra
(b) Kameshwar Rao Kodavanti
(c) Ramesh Kumar Gupta
(d) Rajesh Sharma
(e) Suresh Jain

Answer & Explanation

S9. Ans.(b)
Sol. TKameshwar Rao Kodavanti has been appointed as the CFO of State Bank of India, effective from July 1, 2023.

Q10. Who was re-elected as the Director General of the United Nations Food and Agriculture Organization (FAO) in the 43rd session of the conference?
(a) Qu-Dongyu
(b) Antonio Guterres
(c) Amina J. Mohammed
(d) Tedros Adhanom Ghebreyesus
(e) Audrey Azoulay

Answer & Explanation

S10. Ans.(a)
Sol. Qu-Dongyu was re-elected as the Director General of FAO during the 43rd session of the conference.

Q11. What has New Zealand become the first country to ban?
(a) Plastic shopping bags
(b) Plastic water bottles
(c) Plastic packaging for electronics
(d) Plastic takeaway containers
(e) Plastic cutlery

Answer & Explanation

S11. Ans.(a)
Sol. New Zealand has become the first country to implement a complete ban on thin plastic bags commonly used in supermarkets for fruit and vegetable purchases.

Q12. Which day is celebrated as Independence Day in the United States?
(a) July 1st
(b) July 2nd
(c) July 3rd
(d) July 4th
(e) July 5th

Answer & Explanation

S12. Ans.(d)
Sol. Independence Day in the United States is celebrated on July 4th to commemorate the declaration of Independence.

Q13. The International Day of Cooperatives is commemorated on July 1st and is celebrated on the first Saturday of July. What is the designated theme for the International Day of Cooperatives 2023?
(a) Collaborative Partnerships for Global Development
(b) Empowering Local Economies through Cooperation
(c) Building Stronger Communities with Cooperatives
(d) Cooperatives for Sustainable Development
(e) Promoting Cooperative Entrepreneurship

Answer & Explanation

S13. Ans.(d)
Sol. The designated theme for the International Day of Cooperatives 2023 is “Cooperatives for Sustainable Development.”

Q14. Who has been appointed as the National Cybersecurity Coordinator (NCSC) by the government?
(a) Lt Gen Rajesh Pant
(b) Gulshan Rai
(c) Lt Gen M U Nair
(d) Lt Gen Nair
(e) Lt Gen Pant

Answer & Explanation

S14. Ans.(c)
Sol. The government has named Lt Gen M U Nair as the newly appointed National Cybersecurity Coordinator (NCSC). Lt Gen Nair, who took on the role of the 28th Signal Officer-in-Chief in July 2022, brings a wealth of experience and expertise in the areas of cyber warfare, signal intelligence, and communication and information technology. Before assuming the position of NCSC, Lt Gen Nair held the position of commandant at the Military College of Telecommunication Engineering.

Q15. How many new Towns of Export Excellence (TEE) have been identified under the Foreign Trade Policy (FTP) 2023?
(a) 2
(b) 4
(c) 6
(d) 8
(e) 10

Answer & Explanation

S15. Ans.(b)
Sol. The FTP 2023 identifies four new Towns of Export Excellence (TEE) – Faridabad, Moradabad, Mirzapur, and Varanasi – in addition to the existing 39 TEEs.