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25th July 2023 Current Affairs Quiz – Step into the world of current events and test your knowledge with our 25th July 2023 Current Affairs Quiz! Stay updated and informed with the latest happenings as we present you with a set of thought-provoking questions covering a diverse range of topics. From international affairs to significant developments in various sectors, this Daily Current Affairs Quiz is designed to keep you engaged and well-informed. So, buckle up and dive into the exciting world of 25th July 2023 Daily Current Affairs!
25th July 2023 Current Affairs | Today GK Quiz
1. What is the objective of World Drowning Prevention Day, which is observed annually on July 25?
A) To celebrate water-related sports and activities worldwide.
B) To increase awareness about the consequences of water pollution.
C) To raise awareness about the devastating impact of drowning on families and communities.
D) To promote water conservation efforts.
Answer: C) To raise awareness about the devastating impact of drowning on families and communities.
Explanation: World Drowning Prevention Day is observed each year on July 25 with the objective of increasing awareness about the devastating and enduring consequences of drowning on families and communities worldwide. The day serves as a global observance dedicated to raising awareness about the critical issue of drowning and its impact on individuals, families, and communities.
2. Which group is more susceptible to drowning incidents, according to research?
A) Adults aged 30 to 40.
B) Children between the ages of five and 14.
C) Teenagers living in urban areas.
D) Individuals with strong swimming skills.
Answer: B) Children between the ages of five and 14.
Explanation: Approximately 236,000 individuals lose their lives to drowning annually, and children between the ages of five and 14 are more susceptible to this tragedy.
3. What is the primary objective of the International Solar Alliance (ISA)?
A) To promote solar power ecosystems in sunshine countries.
B) To create a network of institutional capacities for solar energy uptake.
C) To reduce dependence on fossil fuels through efficient solar energy consumption.
D) To address climate change through solar energy solutions in the Pacific Island countries.
Answer: C) To reduce dependence on fossil fuels through efficient solar energy consumption.
Explanation: The primary objective of the International Solar Alliance (ISA) is to work for efficient consumption of solar energy to reduce dependence on fossil-fuels. The ISA aims to promote solar energy solutions as an alternative to traditional fossil fuels.
4. What is the initial focus of the Solar Technology and Application Resource Centre (STAR-C) under the International Solar Alliance (ISA)?
A) Economic Community of West African States and the European Union.
B) Pacific Island Forum and the East African Community.
C) South Asian Association for Regional Cooperation (SAARC) countries.
D) North American Free Trade Agreement (NAFTA) member states.
Answer: B) Pacific Island Forum and the East African Community.
Explanation: The initial focus of the STAR-C project under the International Solar Alliance (ISA) was on the Economic Community of West African States, the Pacific Island Forum, and the East African Community. These regions were targeted to enhance quality infrastructure for the uptake of solar energy product and service markets, particularly in least developed countries and small island developing states.
5. Which initiative has PFC (Power Finance Corporation Ltd) recently joined, making history as the first Indian participant?
A) Asia Energy Transition Initiative (AETI)
B) Asia Transition Finance Study Group (ATFSG)
C) Asia-Pacific Sustainable Finance Group (APSFG)
D) Asia Green Energy Investment Forum (AGEIF)
Answer: B) Asia Transition Finance Study Group (ATFSG)
Explanation: PFC has become the first Indian member to join the Asia Transition Finance Study Group (ATFSG). The ATFSG is an initiative spearheaded by the Japanese Ministry of Economy, Trade and Industry (METI) to promote sustainable transition finance in Asian countries.
6. What is the main purpose of the Asia Transition Finance Study Group (ATFSG)?
A) To provide financial support to power projects in Asian countries.
B) To foster cooperation among Asian countries for energy transition financing.
C) To advance research and development in the field of renewable energy.
D) To promote the export of Indian power and allied infrastructure technologies.
Answer: B) To foster cooperation among Asian countries for energy transition financing.
Explanation: The main purpose of the Asia Transition Finance Study Group (ATFSG) is to present and disseminate the concept of Asian transition finance and to foster cooperation among Asian countries to advance financing for Energy Transition and Net Zero objectives. The initiative aims to promote sustainable transition finance in the Asia-Pacific region, building upon the principles outlined in the Asia Energy Transition Initiative (AETI).
7. Kargil Vijay Diwas is celebrated every year on which date to pay tribute to the bravery of Indian soldiers during the Kargil War of 1999?
A) 5th May
B) 10th June
C) 20th June
D) 26th July
Answer: D) 26th July
Explanation: Kargil Vijay Diwas is celebrated every year on 26th July to pay tribute to the bravery of Indian soldiers who made the ultimate sacrifice for the country during the Kargil War of 1999. On this day in 1999, the Indian troops announced their victory over the Pakistani rangers after nearly three months of armed battles on the icy heights of Kargil.
8. What was the main motive of the Pakistani Army’s infiltration into the Kargil district during the Kargil War of 1999?
A) To secure a speedy resolution to the Kashmir dispute.
B) To claim Siachen Glacier for Pakistan.
C) To force India to withdraw its army from the Siachen Glacier region.
D) To draw international attention to the Kashmir issue.
Answer: D) To draw international attention to the Kashmir issue.
Explanation: The main motive of the Pakistani Army’s infiltration into the Kargil district during the Kargil War of 1999 was to draw international attention to the Kashmir issue. Pakistan believed that creating any kind of tension in the region would help in making the Kashmir issue an international matter and force India to negotiate for the Kashmir dispute.
9. What contributed the most to the recent surge in India’s foreign exchange reserves?
A) Special Drawing Rights (SDRs)
B) Gold Reserves
C) Foreign Currency Assets (FCAs)
D) Reserve Position in the International Monetary Fund (IMF)
Answer: C) Foreign Currency Assets (FCAs)
Explanation: The recent surge in India’s foreign exchange reserves was primarily driven by Foreign Currency Assets (FCAs), which witnessed a remarkable increase of $11.19 billion, reaching a total of $540.17 billion. FCAs take into account the appreciation or depreciation of non-US units such as the euro, pound, and yen, held within the foreign exchange reserves.
10. What role does the Reserve Bank of India (RBI) play in managing market stability related to foreign exchange?
A) It periodically purchases dollars to increase the value of the Indian rupee.
B) It sells dollars to prevent a steep appreciation of the Indian rupee.
C) It carefully monitors foreign exchange markets and intervenes to maintain financial stability.
D) It sets pre-determined target levels or bands for the Indian rupee exchange rate.
Answer: C) It carefully monitors foreign exchange markets and intervenes to maintain financial stability.
Explanation: The Reserve Bank of India (RBI) plays a vital role in maintaining market stability related to foreign exchange. It carefully monitors foreign exchange markets and intervenes solely to ensure orderly market conditions and contain excessive volatility in exchange rates. The RBI occasionally manages liquidity, including selling dollars, to prevent a steep depreciation in the value of the Indian rupee. However, it does not adhere to any pre-determined target level or band for the exchange rate.
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