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5th August 2023 Current Affairs Quiz – Embark on a journey through the latest events shaping the world with our immersive Current Affairs Quiz for 5th August 2023. In this quiz, we delve into the most significant occurrences of the day, putting your awareness and insights to the test. Stay at the forefront of information by engaging with thought-provoking questions that highlight the key developments from various sectors. Explore the dynamics of today’s global landscape as you tackle the 5th August 2023 Current Affairs Quiz, designed to keep you informed and engaged.
5th August 2023 Current Affairs | Today GK Quiz
1. What was significant about the recent achievement of the Indian women’s compound archery team at the World Archery Championships held in Berlin, Germany?
A) They secured a silver medal, marking their best performance in any archery category.
B) They clinched the first-ever gold medal for India in the history of the archery world championships.
C) They broke their own previous record by winning multiple gold medals in various categories.
D) They achieved a bronze medal, surpassing their previous achievements in archery championships.
Answer: B
Explanation: The Indian women’s compound archery team achieved a historic milestone by winning the first-ever gold medal for India in the history of the archery world championships. This victory marked a significant achievement for the team and the country.
2. Who were the members of the Indian women’s compound archery team that won the gold medal at the World Archery Championships?
A) Dafne Quintero, Ana Sofia Hernandez Jeon, and Andrea Becerra
B) Jyothi Surekha Vennam, Parneet Kaur, and Aditi Gopichand Swami
C) Indian trio, Chinese Taipei, and Turkey
D) Jyothi Surekha Vennam, Parneet Kaur, and Colombian champions
Answer: B
Explanation: The members of the Indian women’s compound archery team that clinched the gold medal at the World Archery Championships were Jyothi Surekha Vennam, Parneet Kaur, and Aditi Gopichand Swami. They exhibited outstanding performance in the final round against the Mexican team to secure their victory.
3. Which Israeli company designed the Spike Non Line of Sight (NLOS) Anti-Tank Guided Missiles (ATGM)?
A) Kazan Helicopters
B) Isaac Herzog
C) Rafael Advanced Defense Systems
D) Benjamin Netanyahu
Answer: C
Explanation: The Spike Non Line of Sight (NLOS) Anti-Tank Guided Missiles (ATGM) was designed by the Israeli company Rafael Advanced Defense Systems.
4. What is the notable feature of the “Fire, Observe and Update” operating mode in the Spike Non Line of Sight (NLOS) missiles?
A) It allows the missile to be launched from various platforms.
B) It enables the missile to hit targets from a distance of 50 km.
C) It provides automatic self-guidance after launch.
D) It facilitates communication between the missile and the launching platform for mid-flight updates.
Answer: D
Explanation: The “Fire, Observe and Update” operating mode in the Spike Non Line of Sight (NLOS) missiles refers to the missile’s capability to receive mid-flight updates and communication from the launching platform. This feature enhances the missile’s effectiveness and accuracy during its trajectory towards the target.
5. Why did the Directorate General of Foreign Trade (DGFT) decide to postpone the licensing mandate for importing laptops, tablets, and personal computers in India?
A) To promote domestic manufacturing of these products and boost the economy.
B) To facilitate smoother clearance of import consignments until October 31, 2023.
C) Due to concerns related to the security of the nation and recent developments.
D) To reduce the number of inbound shipments from China and Korea.
Answer: C
Explanation: The postponement of the licensing mandate for importing laptops, tablets, and personal computers in India was prompted by concerns related to the security of the nation and recent developments. The government decided to defer the implementation of import restrictions due to these reasons.
6. What is the significance of the transitional arrangements mentioned in the article regarding import of laptops, tablets, and personal computers?
A) They allow importers to import these products without any restrictions until November 1, 2023.
B) They provide importers with liberal arrangements to facilitate the import of these products until October 31, 2023.
C) They emphasize the need for strict compliance with the new licensing requirements.
D) They aim to completely ban the import of laptops, tablets, and personal computers from November 1, 2023.
Answer: B
Explanation: The transitional arrangements for importing laptops, tablets, and personal computers are designed to provide importers with liberal arrangements to facilitate the import of these products until October 31, 2023. These arrangements are meant to ensure a smoother transition to the new licensing requirements that will come into effect from November 1, 2023.
7. What is the main objective of the Joint PNGRB-World Bank study?
A) To evaluate the commercial potential of hydrogen production.
B) To develop a roadmap for integrating natural gas blending with hydrogen in India.
C) To assess the technical compatibility of gas pipelines with carbon emissions.
D) To identify policy and regulatory bottlenecks in the natural gas sector.
Answer: B
Explanation: The main objective of the Joint PNGRB-World Bank study is to develop a comprehensive roadmap for integrating hydrogen blending with natural gas in India. The study aims to analyze hydrogen demand and supply, evaluate pipeline compatibility, assess the pipeline sector’s commercial potential, and identify policy and regulatory obstacles.
8. Which of the following is a benefit of hydrogen blending in natural gas?
A) Increasing reliance on imported fossil fuels.
B) Reducing the need for energy storage solutions.
C) Enhancing carbon emissions for better air quality.
D) Serving as a form of renewable energy storage.
Answer: D
Explanation: One of the benefits of hydrogen blending in natural gas is that blended hydrogen can serve as a form of renewable energy storage. This allows for better grid management during peak demand periods, which contributes to more efficient energy usage.
9. What was the primary reason behind State Bank of India (SBI) reporting its highest-ever quarterly profit for the April-June quarter of 2023-24?
A) Increased loan loss provisions.
B) Decline in net interest income.
C) Improved asset quality and reduced bad loans.
D) Growth in non-performing assets (NPA).
Answer: C
Explanation: The primary reason for State Bank of India (SBI) achieving its highest-ever quarterly profit in the April-June quarter of 2023-24 was the improved asset quality and significant reduction in bad loans. This positive trend led to the bank’s increased profitability.
10. What impact did sequential indicators showing marginal deterioration have on State Bank of India’s (SBI) shares in the stock market?
A) SBI’s shares remained unchanged in the stock market.
B) SBI’s shares increased by 3 per cent in the stock market.
C) SBI’s shares declined by nearly 3 per cent in the stock market.
D) SBI’s shares saw a significant increase in value in the stock market.
Answer: C
Explanation: The sequential indicators showing slight deterioration, including margins and net interest income, led to a decline of State Bank of India’s (SBI) shares by nearly 3 per cent on the stock market. Despite the outstanding financial results, these indicators influenced the market sentiment.
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