Current Affairs Quiz 16th July 2023 For Bank Exam

Table of Contents

16th July Current Affairs 2023 Quiz: Here, we are providing the June 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:

Amrit Bharat Station Scheme
World Day for International Justice
Export Preparedness Index

16th 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 16th July Current Affairs 2023 Quiz covering the following topics Headlines: Amrit Bharat Station Scheme, World Day for International Justice, Export Preparedness Index.

Q1. What does the Export Performance Pillar of the EPI measure?
(a) The adoption of export-related policies at the state and district levels.
(b) The export-related infrastructure in a state/UT.
(c) The growth of a state’s exports over the previous year.
(d) The prevalence of Research and Development (R&D) in a state/UT.
(e) None of the above.

Answer & Explanation

S1. Ans.(c)
Sol. The growth of a state’s exports over the previous year. The Export Performance Pillar focuses on output-based indicators, analyzing the growth of a state’s exports and its concentration and footprint in global markets.

Q2. Under the Amrit Bharat Station Scheme (ABSS), how many stations have been identified for development by Southern Railway?
(a) 50 stations
(b) 75 stations
(c) 90 stations
(d) 100 stations
(e) 120 stations

Answer & Explanation

S2. Ans.(c)
Sol. Southern Railway has identified 90 stations for development under the Amrit Bharat Station Scheme (ABSS).

Q3. When is the World Day for International Justice observed?
(a) July 17
(b) June 30
(c) October 24
(d) April 7
(e) March 8

Answer & Explanation

S3. Ans.(a)
Sol. The World Day for International Justice is observed on July 17 each year.

Q4. How much loan support will the European Investment Bank (EIB) provide for India’s National Green Hydrogen Mission?
(a) €100 million
(b) €500 million
(c) €1 billion
(d) €5 billion
(e) €10 billion

Answer & Explanation

S4. Ans.(c)
Sol. The EIB will support India’s National Green Hydrogen Mission with a loan facility of up to €1 billion.

Q5. What is the total amount of India’s forex reserves as of July 7, 2023?
(a) $578.4 billion
(b) $596.280 billion
(c) $645 billion
(d) $528.968 billion
(e) $18.235 billion

Answer & Explanation

S5. Ans.(b)
Sol. India’s forex reserves reached $596.280 billion as per the RBI’s data.

Q6. Which pillar of the Export Preparedness Index (EPI) evaluates the prevailing business environment within a state/UT?
(a) Policy Pillar
(b) Business Ecosystem Pillar
(c) Export Ecosystem Pillar
(d) Export Performance Pillar
(e) None of the above

Answer & Explanation

S6. Ans.(b)
Sol. This pillar assesses the business environment within a state/UT, considering factors such as business-supportive infrastructure and transport connectivity.

Q7. What is the purpose of the Sherpas G20 meeting?
(a) Discuss global economic issues
(b) Address climate change concerns
(c) Foster international cooperation
(d) Strengthen global governance
(e) All of the above

Answer & Explanation

S7. Ans.(e)
Sol. The Sherpas G20 meeting aims to discuss global economic issues, address climate change concerns, foster international cooperation, and strengthen global governance.

Q8. What does the GI certificate signify for betel leaves from Tamil Nadu?
(a) It guarantees high quality and authenticity of the product.
(b) It restricts the production of betel leaves to Tamil Nadu only.
(c) It grants exclusive rights to the producers of betel leaves in Tamil Nadu.
(d) It provides protection against unauthorized use or imitation of the product.
(e) All of the above

Answer & Explanation

S8. Ans.(e)
Sol. The GI certificate for betel leaves from Tamil Nadu signifies the high quality and authenticity of the product, restricts its production to the geographical region, grants exclusive rights to the producers, and provides protection against unauthorized use or imitation of the product.

Q9. Which organization is responsible for the management of Sariska Tiger Reserve?
(a) Ministry of Environment, Forest and Climate Change, Government of India
(b) Indian Council of Forestry Research and Education (ICFRE)
(c) Wildlife Institute of India (WII)
(d) National Tiger Conservation Authority (NTCA)
(e) Rajasthan Forest Department

Answer & Explanation

S9. Ans.(e)
Sol. The Rajasthan Forest Department is responsible for the management and administration of Sariska Tiger Reserve.

Q10. Who inaugurated the ‘Sagar Sampark’ DGNSS?
(a) Narendra Modi
(b) Amit Shah
(c) Sarbananda Sonowal
(d) Rajnath Singh
(e) Nitin Gadkari

Answer & Explanation

S10. Ans.(c)
Sol. Sarbananda Sonowal inaugurated the ‘Sagar Sampark’ DGNSS (Differential Global Navigation Satellite System).

Q11. What does a negative WPI indicate?
(a) Inflationary pressure
(b) Stable prices
(c) Deflationary pressure
(d) No impact on prices
(e) Uncertain market conditions

Answer & Explanation

S11. Ans.(c)
Sol. A negative Wholesale Price Index (WPI) indicates deflationary pressure, meaning a general decrease in prices of goods and services.

Q12. Which factors contribute to the calculation of the Wholesale Price Index?
(a) Consumer goods prices only
(b) Producer goods prices only
(c) Raw materials prices only
(d) Both consumer and producer goods prices
(e) All of the above

Answer & Explanation

S12. Ans.(d)
Sol. The Wholesale Price Index (WPI) takes into account the prices of both consumer and producer goods, as well as raw materials, in order to measure the changes in overall price levels.

Q13. What is the Wholesale Price Index (WPI) for June 2023?
(a) -3.48%
(b) -4.12%
(c) 3.48%
(d) 4.12%
(e) None of the above

Answer & Explanation

S13. Ans.(b)
Sol. The Wholesale Price Index (WPI) for June 2023 stands at -4.12%.

Q14. Where will the G20 Finance Ministers and Central Bank Governors meeting be held?
(a) New Delhi, India
(b) Mumbai, India
(c) Gandhinagar, India
(d) Chennai, India
(e) Kolkata, India

Answer & Explanation

S14. Ans.(c)
Sol. The G20 Finance Ministers and Central Bank Governors meeting will be held in Gandhinagar, Gujarat, India.

Q15. What is Megasiphon Thylacos?
(a) A new species of dinosaur
(b) A newly discovered flowering plant
(c) A fossil species of tunicate
(d) A recently identified insect species
(e) A marine mammal species found in deep waters

Answer & Explanation

S15. Ans.(c)
Sol. Megasiphon Thylacos refers to a newly discovered fossil species of tunicate, an aquatic invertebrate chordate.