3rd July 2023 Current Affairs Quiz: Get ready to test your knowledge of the world’s latest events and significant developments with the 3rd July 2023 Current Affairs Quiz. This quiz will challenge you with questions based on the most notable occurrences from around the globe on this specific date. From political breakthroughs to scientific discoveries, we’ll cover a wide range of topics that have unfolded on 3rd July 2023. So, let’s dive into the quiz and put your familiarity with the Current Affairs 3rd July 2023 to the test. Good luck!
Current Affairs 3rd July 2023 | Today GK Quiz
1. Which Indian ambassador’s tenure at the World Trade Organization (WTO) has been extended by nine months?
a) Ngozi Okonjo-Iweala
b) Brajendra Navnit
c) Narendra Modi
d) S. Jaishankar
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Answer: b) Brajendra Navnit
Explanation: Brajendra Navnit’s tenure as Ambassador and Permanent Representative of India to the WTO has been extended by nine months, reflecting India’s commitment to promoting its key priorities on the global trade stage.
2. What is India’s objection regarding carbon border measures?
a) India believes carbon border measures should be extended to all industries.
b) India believes carbon border measures should not be applied to trade-exposed industries.
c) India believes carbon border measures should be selectively applied to specific industries.
d) India believes carbon border measures are unnecessary for global trade.
Answer: b) India believes carbon border measures should not be applied to trade-exposed industries.
Explanation: India has expressed objections to the selective application of carbon border measures targeting trade-exposed industries like steel, aluminum, chemicals, plastics, polymers, and fertilizers. India argues that these measures should not unfairly disadvantage its industries and that the underlying competitiveness concerns must be adequately addressed.
3. What is the fiscal deficit of the central government for the financial year 2023-24 at the end of May 2023?
a) Rs 2.1 lakh crore
b) Rs 1.18 lakh crore
c) Rs 6.25 lakh crore
d) Rs 1.67 lakh crore
Answer: a) Rs 2.1 lakh crore
Explanation: The fiscal deficit of the central government for the financial year 2023-24 stood at Rs 2.1 lakh crore at the end of May 2023, representing 11.8% of the full-year budget estimates.
4. What contributed to the significant improvement in the fiscal deficit?
a) Increased tax revenue
b) Decreased non-tax revenue
c) Decreased expenditure
d) Increased non-tax revenue
Answer: d) Increased non-tax revenue
Explanation: A significant surge in non-tax revenue, particularly from the dividend received from the Reserve Bank of India (RBI), contributed to the improvement in the fiscal deficit. Non-tax revenue increased by a remarkable 173%, leading to a positive trend in the government’s fiscal situation.
5. What was the debt-to-GDP ratio of India in March 2023?
a) 20.6%
b) 18.9%
c) 19.7%
d) 22.2%
Answer: b) 18.9%
Explanation: The debt-to-GDP ratio of India decreased from 20% in March 2022 to 18.9% in March 2023, according to data released by the Reserve Bank. This indicates a decline in the ratio, reflecting a relatively lower level of external debt compared to the country’s GDP.
6. Which component constituted the largest share of India’s external debt?
a) Currency and deposits
b) Loans
c) Trade credit and advances
d) Debt securities
Answer: b) Loans
Explanation: Loans constituted the largest component of India’s external debt, accounting for 32.5% of the total external debt. Currency and deposits accounted for 22.6%, trade credit and advances accounted for 19.9%, and debt securities also contributed to a portion of the external debt.
7. Who won the Austrian Grand Prix 2023 in Formula One?
a) Sergio Perez
b) Charles Leclerc
c) Max Verstappen
d) Lewis Hamilton
Answer: c) Max Verstappen
Explanation: Max Verstappen, the reigning Formula One champion, secured a commanding victory at the Austrian Grand Prix 2023. This win further solidified his pursuit of a third consecutive world title.
8. What is Max Verstappen’s lead in the championship standings after winning the Austrian Grand Prix?
a) 17.2 points
b) 5.2 points
c) 81 points
d) 9 races
Answer: c) 81 points
Explanation: With his victory at the Austrian Grand Prix, Max Verstappen extended his lead in the championship standings to 81 points over his teammate Sergio Perez. Verstappen’s dominant performance throughout the season has allowed him to establish a significant advantage in the title race.
9. When was World Sports Journalist Day established?
a) 1992
b) 1994
c) 2000
d) 2010
Answer: b) 1994
Explanation: World Sports Journalist Day was established in 1994 by the International Sports Press Association (AIPS) to commemorate the establishment of AIPS as an organization on July 2nd. Since then, it has been celebrated annually to recognize the contributions and achievements of sports media professionals.
10. When was International Plastic Bag Free Day first initiated?
a) 2008
b) 2010
c) 2015
d) 2018
Answer: a) 2008
Explanation: International Plastic Bag Free Day was first initiated in 2008 by Zero Waste Europe. It started as a campaign targeting the issue of single-use plastic bags and has since evolved into a global event observed by numerous countries worldwide. The campaign aimed to raise awareness about the environmental impact of plastic bags and encourage the adoption of sustainable alternatives.
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