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Current Affairs Quiz 11th July 2023 For Bank Exam

11th 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:

  • ISRO
  • IFSCA
  • Performance Grading Index
  • Urban Infrastructure Development Fund
  • World Meteorological Organization

11th 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 11th July Current Affairs 2023 Quiz covering the following topics Headlines: ISRO, IFSCA, Performance Grading Index, Urban Infrastructure Development Fund, World Meteorological Organization.

Q1. Indian Space Research Organization (ISRO) is transferring its Small Satellite Launch Vehicle (SSLV) to the private sector. What are some key features of the SSLV?
(a) High cost, long turn-around time, limited flexibility in accommodating multiple satellites
(b) Low cost, short turn-around time, limited flexibility in accommodating multiple satellites
(c) High cost, long turn-around time, flexibility in accommodating multiple satellites
(d) Low cost, low turn-around time, flexibility in accommodating multiple satellites
(e) Low cost, low turn-around time, limited flexibility in accommodating multiple satellites

Answer & Explanation
S1. Ans.(d)
Sol. Some key features of the SSLV are low cost, low turn-around time, and flexibility in accommodating multiple satellites.

Q2. Who has been appointed as the new chairman of the International Financial Services Centres Authority (IFSCA)?
(a) K Rajaraman
(b) Injeti Srinivas
(c) Ravi Kumar
(d) Arvind Sharma
(e) None of the above

Answer & Explanation
S2. Ans.(a)
Sol. K Rajaraman has been appointed as the new chairman of the IFSCA. The IFSCA was formed in April 2020 through the enactment of the International Financial Services Centres Authority Act, 2019. The headquarters of IFSCA is situated in GIFT City, Gandhinagar.

Q3. What was the total FDI inflow received by India in FY 2023?
(a) US$84.83 billion
(b) US$70.97 billion
(c) US$94.83 billion
(d) US$80.83 billion
(e) US$74.83 billion

Answer & Explanation
S3. Ans.(b)
Sol. India received a total FDI inflow of US$70.97 billion in FY 2023, which includes equity inflows, reinvested earnings, and other capital sources. This marked a decrease from the US$84.83 billion recorded in FY 2022.

Q4. Who administers and enforces the FCRA in India?
(a) Ministry of Finance
(b) Ministry of Home Affairs
(c) Ministry of External Affairs
(d) Ministry of Corporate Affairs
(e) Ministry of Social Justice and Empowerment

Answer & Explanation
S4. Ans.(b)
Sol. The FCRA is administered and enforced by the Ministry of Home Affairs, Government of India.

Q5. Which NGO recently had its FCRA licence cancelled by the Union government?
(a) Sadbhavana Trust
(b) Young Women’s Christian Association of Delhi
(c) CNI Shishu Sangopan Griha
(d) Program for Social Action (PSA)
(e) None of the above

Answer & Explanation
S5. Ans.(a)
Sol. The FCRA licence of the Sadbhavana Trust, a Delhi-based NGO focused on empowering Dalit and Muslim women, was cancelled by the Union government.

Q6. The Ministry of Education has released the Performance Grading Index (PGI) 2.0 for States/UTs for the year 2021-22. How many indicators are included in the PGI 2.0 structure?
(a) 50
(b) 60
(c) 73
(d) 80
(e) 90

Answer & Explanation
S6. Ans.(c)
Sol. The PGI 2.0 structure comprises 73 indicators grouped into two categories: Outcomes and Governance Management (GM).

Q7. What is the main objective of the Performance Grading Index (PGI) 2.0?
(a) To rank states/UTs based on educational performance
(b) To allocate funding for schools and teachers
(c) To identify gaps and prioritize areas for intervention in the education system
(d) To monitor student attendance and enrollment
(e) To evaluate the effectiveness of teacher training programs

Answer & Explanation
S7. Ans.(c)
Sol. The main objective of the PGI 2.0 is to help states/UTs pinpoint the gaps in the education system and accordingly prioritize areas for intervention to ensure a robust school education system at every level.

Q8. What is the objective of the ₹10,000-crore Urban Infrastructure Development Fund (UIDF) operationalized by the National Housing Bank?
(a) To provide housing loans to low-income individuals in tier-2 and tier-3 cities.
(b) To support the development of urban infrastructure in tier-2 and tier-3 cities.
(c) To invest in rural infrastructure projects across the country.
(d) To promote the construction of high-rise buildings in metropolitan areas.
(e) None of the above.

Answer & Explanation
S8. Ans.(b)
Sol. The National Housing Bank (NHB) has announced the operationalization of the ₹10,000-crore Urban Infrastructure Development Fund (UIDF), as outlined in this year’s Budget. The fund aims to facilitate the creation of urban infrastructure in tier-2 and tier-3 cities, supplementing the efforts of state governments.

Q9. Which organization released the updated bulletin on the ozone layer?
(a) United Nations
(b) World Health Organization
(c) World Meteorological Organization (WMO)
(d) European Ozone Research Coordinating Unit
(e) Montreal Protocol Implementation Group

Answer & Explanation
S9. Ans.(c)
Sol. World Meteorological Organization (WMO) released the updated bulletin on the status of the ozone layer after a gap of seven years.

Q10. Which region shows strong signs of recovery in the ozone layer?
(a) Arctic
(b) Tropics
(c) Subtropics
(d) Antarctic
(e) Equator

Answer & Explanation
S10. Ans.(d)
Sol. Strong signs of recovery in the ozone layer were recorded over the Antarctic region.

Q11. What was the theme of the 33rd Conference of State Finance Secretaries?
(a) Fiscal Consolidation: States’ Perspective
(b) Debt Sustainability: States’ Perspective
(c) Productive Capacities: States’ Perspective
(d) Improving Quality of Expenditure: States’ Perspective
(e) Contingent Liabilities: States’ Perspective

Answer & Explanation
S11. Ans.(b)
Sol. Debt Sustainability: States’ Perspective, the conference focused on discussing the importance of debt sustainability for the long-term fiscal health of states.

Q12. When was the World Meteorological Organization (WMO) established?
(a) 1950
(b) 1952
(c) 1955
(d) 1958
(e) 1957

Answer & Explanation
S12. Ans.(a)
Sol. The WMO was established in 1950 to promote international cooperation in meteorology, climatology, hydrology, and related fields.

Q13. Among the following Indian states, which one attracted the highest FDI inflows in FY 2023?
(a) Maharashtra
(b) Gujarat
(c) Delhi
(d) Karnataka
(e) Tamil Nadu

Answer & Explanation
S13. Ans.(a)
Sol. Maharashtra emerged as the top recipient of FDI with a total of US$14.80 billion in FY 2023.

Q14. What are the six priorities identified collectively by U20 cities?
(a) Strengthening global governance, promoting economic growth, climate change mitigation, poverty alleviation, healthcare access, and education reform.
(b) Encouraging environmentally responsible behaviors, accelerating climate finance, championing local culture and economy, ensuring water security, catalyzing digital urban futures, and reinventing frameworks for urban planning and governance.
(c) Enhancing transportation infrastructure, addressing income inequality, promoting renewable energy, improving public health, strengthening cybersecurity, and enhancing education systems.
(d) Empowering women and girls, promoting sustainable agriculture, enhancing disaster preparedness, advancing clean energy initiatives, ensuring affordable housing, and improving public transportation.
(e) Developing smart cities, expanding international trade, reducing carbon emissions, implementing waste management strategies, enhancing public safety, and improving educational opportunities.

Answer & Explanation

S14. Ans.(b)
Sol. The six priorities identified collectively by U20 cities are:

Encouraging environmentally responsible behaviors
Accelerating climate finance
Championing local culture and economy
Ensuring water security
Catalyzing digital urban futures
Reinventing frameworks for urban planning and governance.

Q15. Which country was the top investor in India in terms of FDI inflows in FY 2023?
(a) Singapore
(b) United States
(c) Mauritius
(d) United Arab Emirates
(e) Netherlands

Answer & Explanation
S15. Ans.(a)
Sol. Singapore accounted for the maximum inward FDI in India at US$17.20 billion in FY 2023.

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FAQs

Which NGO recently had its FCRA licence cancelled by the Union government?

The FCRA licence of the Sadbhavana Trust, a Delhi-based NGO focused on empowering Dalit and Muslim women, was cancelled by the Union government.

Which country was the top investor in India in terms of FDI inflows in FY 2023?

Singapore accounted for the maximum inward FDI in India at US$17.20 billion in FY 2023.