24th July 2023 Current Affairs Quiz: Welcome to the 24th July 2023 Current Affairs Quiz! Stay informed and test your knowledge on the latest happenings from around the world. This quiz will cover diverse topics, including global events, politics, sports, technology, and more. Sharpen your wits as you navigate through intriguing questions designed to challenge and enlighten you about the significant events shaping our present. Whether you are a news enthusiast or simply curious about what’s going on, this quiz will provide a snapshot of the noteworthy occurrences on this particular day. Let’s dive in and discover the unfolding stories that are making headlines worldwide!
Current Affairs 24th July 2023 | Today GK Quiz
- On which date is ‘Income Tax Day’ celebrated in India every year?
A) July 24
B) August 15
C) September 30
D) October 2
Answer: A) July 24
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Explanation: ‘Income Tax Day’ or ‘Aaykar Diwas’ is celebrated on July 24 every year in India to commemorate the introduction of the income tax provision in the country by Sir James Wilson in the year 1860.
2. Which state is offering the highest interest rate for State Development Loans (SDLs) maturing on July 5, 2034?
A) Rajasthan
B) West Bengal
C) Punjab
D) Kerala
Answer: C) Punjab
Explanation: Punjab is offering the highest interest rate of 7.41% for State Development Loans (SDLs) maturing on July 5, 2034, as per the information provided in the content.
3. What is the yield on a 364-day Treasury bill as per the announcement by the Reserve Bank of India (RBI)?
A) 6.71%
B) 6.83%
C) 6.86%
D) 7.59%
Answer: C) 6.86%
Explanation: The yield on a 364-day Treasury bill is set at 6.86% as per the announcement by the Reserve Bank of India (RBI) in the content. The T-bill yields for three-month and six-month maturities are 6.71% and 6.83%, respectively.
4. What has India banned in the recent notification issued by the Directorate General of Foreign Trade (DGFT)?
A) All exports of basmati white rice
B) All exports of non-basmati white rice
C) All exports of basmati and non-basmati rice
D) All exports of rice to nations with food security concerns
Answer: B) All exports of non-basmati white rice
Explanation: As per the notification by the Directorate General of Foreign Trade (DGFT), India has implemented a ban on all exports of “non-basmati white rice” to stabilize domestic prices. However, the export of white rice to other nations is allowed upon request, subject to their fulfillment of food security requirements and their government’s formal approval.
5. What is the primary objective of the Mission Shakti Scooter Yojana approved by Odisha’s Chief Minister?
A) Providing interest subvention on bank loans to beneficiaries
B) Empowering women in Odisha through the Self Help Group approach
C) Granting affordable access to two-wheelers for Mission Shakti Federation Leaders and Community Support Staff
D) Enhancing personal mobility for women across the state
Answer: C) Granting affordable access to two-wheelers for Mission Shakti Federation Leaders and Community Support Staff
Explanation: The primary objective of the Mission Shakti Scooter Yojana approved by Odisha’s Chief Minister is to grant affordable access to two-wheelers for Mission Shakti Federation Leaders and Community Support Staff. This initiative aims to empower them to fulfill their responsibilities more efficiently and extend their outreach within the community.
6. How many community support staff members of Self Help Groups (SHGs) and federation leaders associated with SHGs are expected to benefit from the Mission Shakti Scooter Yojana?
A) Approximately 50,000
B) Approximately 75,000
C) Approximately 100,000
D) Approximately 125,000
Answer: D) Approximately 125,000
Explanation: The Mission Shakti Scooter Yojana is expected to benefit approximately 75,000 community support staff members of SHGs and approximately 125,000 federation leaders associated with SHGs. The scheme aims to provide interest subvention on bank loans up to INR 1,00,000 to these beneficiaries, enabling them to purchase a scooter and enhance their accessibility and effectiveness in their roles within the community.
7. What are the key priorities of the newly-appointed Noida Authority Chief Executive Officer (CEO) Lokesh M?
A) Improving healthcare facilities and education system
B) Enhancing industrial growth and addressing citizen grievances
C) Focusing on infrastructure development and environmental conservation
D) Implementing agricultural reforms and promoting rural development
Answer: B) Enhancing industrial growth and addressing citizen grievances
Explanation: The key priorities of the newly-appointed Noida Authority Chief Executive Officer (CEO) Lokesh M are to enhance industrial growth and build a better public hearing system. He also aims to address the issues of allottees, farmers, and citizen grievances.
8. Before being appointed as the CEO of Noida Authority, where was Lokesh M serving as the Kanpur Commissioner?
A) Mainpuri
B) Saharanpur
C) Kushinagar
D) Ghazipur
Answer: B) Saharanpur
Explanation: Before being appointed as the CEO of Noida Authority, Lokesh M was serving as the Kanpur Commissioner. Prior to that, he was the Divisional Commissioner of Saharanpur and was known for his initiative to open de-addiction centers in that district.
9. What is the significance of the decommissioning ceremony of Indian Naval Ship Kirpan?
A) It marked the first time India transferred a submarine to Vietnam.
B) It symbolized India’s commitment to promoting peace in the Indo-Pacific.
C) It demonstrated India’s military strength to its neighbors.
D) It highlighted India’s growing maritime power in the Indo-Pacific.
Answer: B) It symbolized India’s commitment to promoting peace in the Indo-Pacific.
Explanation: The decommissioning ceremony of Indian Naval Ship Kirpan and its handover to the Vietnam People’s Navy (VPN) in Vietnam signifies India’s commitment to promoting peace, stability, and cooperation in the Indo-Pacific region. This act reinforces India’s position as a reliable security partner in the area.
10. Apart from the transfer of naval assets, how has India supported Vietnam in enhancing its defense capabilities?
A) By providing financial assistance to set up an Army Software Park
B) By supplying advanced fighter jets and tanks
C) By constructing military bases in strategic locations
D) By deploying troops to assist in security operations
Answer: A) By providing financial assistance to set up an Army Software Park
Explanation: India has supported Vietnam in enhancing its defense technological capabilities by sponsoring the establishment of an Army Software Park in Vietnam with a generous grant of $5 million. This assistance has been instrumental in strengthening Vietnam’s capacity to address security challenges and safeguard its national maritime interests.
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