29th July 2023 Current Affairs Quiz: Welcome to the 29th July 2023 Current Affairs Quiz! Stay updated with the latest happenings and significant events from around the world. This quiz will test your knowledge on various topics such as global news, politics, economy, science, and more. It’s a great way to gauge your awareness of current affairs and keep yourself informed about the important developments that shape the world. So, let’s dive in and challenge ourselves with this quiz to stay ahead of the curve! Good luck!
29th July 2023 Current Affairs | Today GK Quiz
1. What is the projected GDP of India by 2030 according to Standard Chartered’s research?
A) $3.5 trillion
B) $6 trillion
C) $9 trillion
D) $12 trillion
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Answer: B) $6 trillion
Explanation: Standard Chartered’s India research team has projected India’s GDP to reach $6 trillion by 2030.
2. What is one of the significant milestones in India’s economic journey mentioned in the content?
A) Becoming the largest economy globally by 2030.
B) Transitioning from a lower-middle-income economy to an upper-middle-income economy.
C) Becoming the second-largest economy by 2030, surpassing China.
D) Reaching a per capita income of $10,000 by 2030.
Answer: B) Transitioning from a lower-middle-income economy to an upper-middle-income economy.
Explanation: One of the significant milestones mentioned in the content is India’s transition from a lower-middle-income economy to an upper-middle-income economy. This reflects the nation’s remarkable progress and potential for greater economic prosperity
3. Why is International Tiger Day celebrated annually on July 29th?
A) To commemorate the founding of the Saint Petersburg Tiger Summit.
B) To raise awareness about the drastic decline in wild tiger populations.
C) To celebrate the preservation of biodiversity in tiger habitats.
D) To promote global collaboration on wildlife conservation.
Answer: B) To raise awareness about the drastic decline in wild tiger populations.
Explanation: International Tiger Day is celebrated annually on July 29th to bring attention to the drastic decline in wild tiger populations, which has pushed them to the edge of extinction. The main purpose of this day is to create awareness about the crucial efforts of tiger conservation and highlight the threats faced by tigers, including habitat loss, poaching, illegal wildlife trade, and human-wildlife conflict.
4. What is the significance of conserving tigers and their habitats as mentioned in the content?
A) Preserving cultural and symbolic importance in Asian countries.
B) Ensuring the survival of apex predators in their ecosystems.
C) Encouraging public engagement in wildlife awareness campaigns.
D) Strengthening international policies against climate change.
Answer: B) Ensuring the survival of apex predators in their ecosystems.
Explanation: The content mentions that conserving tigers and their habitats is significant because tigers are apex predators, and their presence helps maintain the balance of their ecosystems. By conserving tigers, we also protect numerous other species and the overall biodiversity of the ecosystems they inhabit.
5. What is the main purpose of the JUPITER-3 satellite launched by SpaceX?
A) To provide gigabytes of connectivity to customers across North and South America.
B) To serve as a global provider of satellite communication and Internet services.
C) To double Maxar Technologies’ satellite fleet capacity for enhanced connectivity.
D) To offer in-flight Wi-Fi and maritime connections.
Answer: A) To provide gigabytes of connectivity to customers across North and South America.
Explanation: The main purpose of the JUPITER-3 satellite is to provide gigabytes of connectivity to customers across North and South America. It is designed to be a next-generation Ultra High Density Satellite (UHDS) and is intended to offer versatile capabilities such as in-flight Wi-Fi, maritime connections, enterprise networks, backhaul for Mobile Network Operators (MNOs), and Community Wi-Fi solutions to serve the needs of users in the mentioned regions.
6. Which company developed the JUPITER-3 satellite with state-of-the-art technology and impressive size?
A) Hughes Network Systems
B) SpaceX
C) EchoStar Corporation
D) Maxar Technologies
Answer: D) Maxar Technologies
Explanation: Maxar Technologies developed the JUPITER-3 satellite. The satellite is characterized not only by its remarkable size but also by its state-of-the-art technology and capabilities. Maxar Technologies is a space technology company based in Westminster, Colorado, United States, specializing in the production of communication, Earth observation, radar, and on-orbit servicing satellites, satellite products, and associated services.
7. Who was elected as the new chair of the Intergovernmental Panel on Climate Change (IPCC)?
A) Thelma Krug
B) James Ferguson Skea
C) Thelma Krug and James Ferguson Skea (co-chairs)
D) The content does not provide the name of the elected chair.
Answer: B) James Ferguson Skea
Explanation: James Ferguson ‘Jim’ Skea of the United Kingdom was elected as the new chair of the Intergovernmental Panel on Climate Change (IPCC). He won the election by securing 90 votes, defeating his nearest rival, Thelma Krug of Brazil, who won 69 votes.
8. What is the main responsibility of the Intergovernmental Panel on Climate Change (IPCC)?
A) To implement climate-related policies and actions globally.
B) To raise global awareness about climate change and its effects.
C) To conduct scientific research on climate change impacts.
D) To provide objective information on climate change and its impacts.
Answer: D) To provide objective information on climate change and its impacts.
Explanation: The main responsibility of the Intergovernmental Panel on Climate Change (IPCC) is to assess and provide objective information on climate change, its impacts, and potential adaptation and mitigation strategies. The IPCC operates through the collaboration of thousands of scientists from around the world who review and assess the latest scientific literature to produce comprehensive assessment reports. These reports serve as a crucial basis for policymakers and governments to make informed decisions on climate-related policies and actions.
9. According to CRISIL’s Greenwich market share Leaders in Large Corporate Banking report, which Indian bank secured the top spot in 2023?
A) State Bank of India (SBI)
B) ICICI Bank
C) HDFC Bank
D) Axis Bank
Answer: C) HDFC Bank
Explanation: According to CRISIL’s Greenwich market share Leaders in Large Corporate Banking report, HDFC Bank, India’s largest private lender, achieved a significant milestone by overtaking State Bank of India (SBI) to secure the top spot in 2023.
10. What is the key trend observed in the corporate banking landscape of India, as highlighted in the report by Coalition Greenwich?
A) Larger public sector banks are consolidating their positions in the market.
B) Smaller private and foreign banks are gaining traction at the expense of larger banks.
C) The banking industry experienced a 16% growth in revenue pools.
D) Nearly 90% of large and middle market Indian corporates are optimistic about their business outlook.
Answer: A) Larger public sector banks are consolidating their positions in the market.
Explanation: The report by Coalition Greenwich, a division of CRISIL, highlights the key trend that larger public sector banks, led by State Bank of India (SBI), are successfully maintaining corporate relationships and consolidating their positions in the market. This has resulted in smaller public sector banks losing ground to larger private and foreign banks.
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