8th July 2023 Current Affairs Quiz – Stay updated with the latest happenings around the world as we test your knowledge on the most significant events and developments from Current Affairs Quiz 8th July 2023. This 8th July 2023 Daily Current Affairs will challenge your understanding of global affairs, politics, technology, and much more. So, get ready to put your current affairs knowledge to the test and see how well-informed you are about the events that unfolded on this day. Let’s dive into the 8th July 2023 Daily Current Affairs Quiz and see how much you know!
Current Affairs 8th July 2023 | Today GK Quiz
1. What is the main argument against implementing a Uniform Civil Code (UCC) in India?
A) It violates citizens’ right to freedom of religion.
B) It promotes nationalistic fervor and unity.
C) It simplifies complicated regulations governing marriage ceremonies.
D) It grants property rights and ownership opportunities for women.
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Answer: A) It violates citizens’ right to freedom of religion.
Explanation: The primary argument against a Uniform Civil Code (UCC) is that it infringes on the right of citizens to practice the religion of their choice, enabling religious communities to adhere to their own local laws. The implementation of a UCC is seen as a potential violation of religious freedom.
2. What is the purpose of the Uniform Civil Code (UCC) in India?
A) To establish uniform personal laws applicable to all individuals.
B) To create a commission for national inspection and investigation.
C) To impose a Hinduized code on all communities.
D) To protect vulnerable communities, including women and religious minorities.
Answer: D) To protect vulnerable communities, including women and religious minorities.
Explanation: The purpose of the Uniform Civil Code (UCC) in India is to safeguard vulnerable communities, including women and religious minorities, while fostering nationalistic fervor through unity. The UCC aims to ensure equal rights and protection for all individuals, irrespective of their gender, sexual orientation, or religious affiliation.
3. Which country invited India to join the Champions Group of the Global Crisis Response Group (GCRG)?
A) Bangladesh
B) Barbados
C) Denmark
D) United Nations
Answer: D) United Nations
Explanation: India received an invitation from UN Secretary-General Antonio Guterres to join the Champions Group of the GCRG. This highlights that the invitation was extended by the United Nations.
4. What are the primary focus areas of the Global Crisis Response Group (GCRG)?
A) Climate change and environmental issues
B) Healthcare and pandemic response
C) Food security, energy, and finance
D) Human rights and social justice
Answer: C) Food security, energy, and finance
Explanation: The primary objective of the GCRG is to address interlinked crises in food security, energy, and finance. These are the key focus areas of the group’s efforts to coordinate a global response and develop strategies to tackle these crises effectively.
5. Which category of loans has contributed to the significant increase in disbursals under the Pradhan Mantri Mudra Yojana (PMMY)?
A) Shishu category loans
B) Kishor category loans
C) Tarun category loans
D) All categories of loans equally
Answer: C) Tarun category loans
Explanation: The significant rise in disbursals under the Pradhan Mantri Mudra Yojana (PMMY) can be attributed to the increased demand for Tarun category loans. Borrowers upgrading from the initial Sishu category of loans have contributed to the overall growth in disbursals.
6. What is the primary concern associated with the rapid growth in Mudra loans under PMMY?
A) Increased demand for loans in rural and semi-urban areas
B) Potential rise in non-performing assets (NPAs)
C) High credit utilization ratio
D) Upgrading of loans by existing customers
Answer: B) Potential rise in non-performing assets (NPAs)
Explanation: The rapid growth in Mudra loans raises concerns about a potential increase in non-performing assets (NPAs) if not carefully managed. This indicates that the primary concern associated with the growth in Mudra loans is the potential impact on NPAs, which can have adverse effects on the financial health of institutions and the overall economy.
7. What was the main cause of the collapse of the Dutch government?
A) Disagreements over migration policy
B) Economic crisis
C) Corruption scandal
D) Leadership disputes
Answer: A) Disagreements over migration policy
Explanation: The Dutch government collapsed due to “insurmountable” differences on handling migration. Disagreements over migration policy, specifically Rutte’s proposal to tighten restrictions on reuniting families of asylum seekers, were the main cause of the collapse.
8. What is the primary objective of the draft regulation released by the Reserve Bank of India (RBI) regarding credit card network portability?
A) To grant cardholders the authority to select their desired card network
B) To establish new partnerships between card networks and issuers
C) To promote customer choice and availability in the credit card market
D) To impose restrictions on card issuers’ access to services of other card networks
Answer: C) To promote customer choice and availability in the credit card market
Explanation: The proposed regulation aims to enhance flexibility and competition in the credit card market by empowering users with the freedom to choose the card network that best suits their preferences and requirements. The objective is to promote customer choice and availability, providing more options for cardholders.
9. What challenges may banks face as a result of implementing the RBI’s draft regulation on card network portability?
A) Increased costs and operational challenges
B) Decreased customer onboarding processes
C) Limitations in establishing new partnerships
D) Minimal impact on the manufacturing process of banking cards
Answer: A) Increased costs and operational challenges
Explanation: The banks may face operational challenges and increased costs due to the implementation of the draft regulation. They would need to review existing agreements, establish new partnerships, adjust customer onboarding processes, plan additional training, and reevaluate customer profiling. This indicates that implementing the regulation can pose challenges for banks, both operationally and financially.
10. What prompted Gambia to implement strict quality control checks on pharma products imported from India?
A) Concerns about the safety of pharmaceutical products
B) The need to increase revenue from pharmaceutical imports
C) A shortage of domestically produced pharmaceutical products
D) Pressure from international pharmaceutical companies
Answer: A) Concerns about the safety of pharmaceutical products
Explanation: Gambia implemented strict quality control checks on pharma products imported from India due to contaminated drugs. This indicates that concerns about the safety of pharmaceutical products were the reason behind this decision.
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