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August 1, 2023 Current Affairs

1. What is the fiscal deficit in India as a percentage of the full-year target at the end of June 2023?

A.    20.6%

B.    21.2%

C.   25.3%

D.   26.1%

Answer: Option (C)


As of June 2023, India's fiscal deficit stands at 25.3% of the full-year target. This figure highlights the challenges faced by the government in managing its expenses and revenue. It is important for the government to implement prudent fiscal policies to gradually reduce the deficit and ensure long-term economic stability. By maintaining a disciplined approach towards expenditure and revenue generation, India can pave the way for a stronger and more prosperous future.



2. What is the purpose of the National Virtual Library of India (NVLI) under the NML scheme?

A.    To provide financial assistance to model libraries.

B.    To establish libraries specifically for differently-abled individuals.

C.   To create an open-access database of digital resources about India.

D.   To organize seminars and workshops for library professionals.

Answer: Option (C)


The National Virtual Library of India (NVLI) under the NML scheme plays a crucial role in preserving India's rich cultural and intellectual heritage. By creating an open-access database of digital resources, NVLI ensures that knowledge about India remains accessible and discoverable. It empowers researchers, students, and the public to explore, learn, and contribute to the collective understanding of India's diverse and vibrant history, culture, and society.



3. Why was the merger of Project Tiger and Project Elephant met with concerns?

A.    The merger might lead to a lack of clarity regarding fund allocation.

B.    The Prime Minister did not support the merger.

C.   The Union Ministry of Environment did not approve the merger.

D.   Project Tiger and Project Elephant have similar conservation goals.

Answer: Option (A)


The concerns surrounding the merger of Project Tiger and Project Elephant are rooted in several factors. The lack of clarity regarding fund allocation, the absence of support from the Prime Minister, non-approval from the Union Ministry of Environment, and the potential dilution of conservation efforts all contribute to the apprehensions surrounding this merger. It is imperative that these concerns are addressed and mitigated to ensure the effective conservation of both tigers and elephants, two iconic species that hold immense ecological and cultural significance in India.



4. What was the proposal discussed during the meeting between India and Moldova?

A.    Joint research on climate change

B.    Trade of electronic goods

C.   Signing a Memorandum of Understanding (MoU) for cooperation in agriculture

D.   Collaboration on space exploration

Answer: Option (C)


The meeting between India and Moldova culminated in a fruitful discussion on agricultural cooperation. The proposal to sign a Memorandum of Understanding (MoU) for cooperation in agriculture reaffirms the commitment of both nations to foster a mutually beneficial partnership. This collaboration holds immense potential for leveraging each other's strengths, promoting sustainable agricultural practices, and creating opportunities for trade and growth.



5. What was Vakkom Purushothaman's role in politics before joining the Congress?

A.    He was the Chief Minister of Kerala.

B.    He served as a Minister for Agriculture and Labour.

C.   He was a member of the Congress party from the beginning.

D.   He was an activist of the Revolutionary Socialist Party (RSP).

Answer: Option (D)


Vakkom Purushothaman started his political journey as an activist of the Revolutionary Socialist Party (RSP) before joining the Congress. His experience as a minister, lieutenant governor, and governor showcases his dedication to public service and his ability to adapt to different roles. Vakkom Purushothaman's contributions to politics have left a lasting impact, and his journey serves as an inspiration to aspiring politicians and leaders.



6. What was the growth rate of India's core sector in June, marking a five-month high?

A.    5.0%

B.    8.2%

C.   10.9%

D.   13.1%

Answer: Option (B)


India's core sector recorded a robust growth rate of 8.2% in June, marking a five-month high. The steel sector played a significant role in driving this growth, showcasing a remarkable output jump of 21.9%. This positive development bodes well for the country's economic recovery and highlights the resilience and potential of India's core industries. As the core sector continues to thrive, it is expected to have a positive impact on industrial production and contribute to overall economic growth.



7. What is the significance of the Lunar Orbit Insertion (LOI) in Chandrayaan-3's mission?

A.    It activates the spacecraft's liquid engine.

B.    It marks the spacecraft's touchdown on the Moon.

C.   It separates the lander module from the spacecraft.

D.   It positions the spacecraft into a lunar orbit.

Answer: Option (D)


The Lunar Orbit Insertion (LOI) plays a vital role in Chandrayaan-3's mission. By activating the spacecraft's liquid engine, LOI positions it into a stable lunar orbit, enabling detailed observations, preparing for lunar landing, and ensuring the overall success of the mission. The significance of LOI lies not only in its technical aspects but also in the wealth of scientific knowledge and exploration it brings us closer to.



8. What is the growth rate of digital payments in India during FY23 as indicated by the RBI-DPI?

A.    10.56%

B.    11.92%

C.   13.24%

D.   15.78%

Answer: Option (C)


The growth rate of digital payments in India during FY23, as indicated by the RBI-DPI, stands at an impressive 13.24%. This highlights the remarkable progress made in the adoption of digital payment methods. The continued efforts of the government, coupled with the convenience and security offered by digital payment platforms, have propelled India towards a cashless future. As we move forward, it is crucial to sustain this momentum, fostering financial inclusion and embracing the transformative power of digital payments.



9. When did Stuart Broad announce his retirement from cricket?

A.    July 24, 2023

B.    July 29, 2023

C.   August 1, 2023

D.   August 5, 2023

Answer: Option (B)


Stuart Broad's retirement from cricket on July 29, 2023, marks the end of an era for the sport. His remarkable career, filled with incredible achievements, has left an indelible mark on the game. From his record-breaking wicket tally to his two hat-tricks, Broad's contributions to cricket will be celebrated for generations to come. We bid farewell to a true bowling legend, thanking him for the countless memories and wishing him all the best in his future endeavors.



10. Which legal action was taken against the practice of instant triple talaq in India?

A.    Enactment of the Triple Talaq Bill in 2019

B.    Passing of the Muslim Women (Protection of Rights on Marriage) Bill in 2017

C.   Introduction of the Women's Equality Act in 2020

D.   Supreme Court's declaration of triple talaq as constitutional in 2017

Answer: Option (A)


The enactment of the Triple Talaq Bill in 2019 marked a significant milestone in the journey towards protecting the rights of Muslim women in India. By criminalizing the practice of instant triple talaq, the government took a strong stance against gender inequality and ensured that Muslim women are not left vulnerable and without legal recourse. While the journey towards gender equality is an ongoing one, this legal action serves as a crucial step in empowering Muslim women and promoting justice in Indian society.



11. What is the purpose of Trans Lunar Injection (TLI) in space missions?

A.    To activate the spacecraft's liquid engine.

B.    To position the spacecraft into a lunar orbit.

C.   To break free from Earth's gravitational force and head towards the Moon.

D.   To separate the lander module from the spacecraft.

Answer: Option (C)


Trans Lunar Injection (TLI) serves a crucial purpose in space missions. It empowers spacecraft to break free from Earth's gravitational force and embark on the incredible journey towards the Moon. TLI's power, precision, and timing make it a vital maneuver that paves the way for remarkable scientific achievements and a deeper understanding of our celestial neighbors.



12. How many loans were sanctioned under the Pradhan Mantri MUDRA Yojana (PMMY) in Financial Year 2022-23?

A.    6.23 lakhs

B.    6.23 crores

C.   62.3 lakhs

D.   62.3 crores

Answer: Option (B)


 The Pradhan Mantri MUDRA Yojana (PMMY) has made a remarkable impact by sanctioning over 6.23 crore loans in the Financial Year 2022-23. This initiative has not only provided financial assistance to micro units and enterprises but has also empowered countless individuals to pursue their entrepreneurial dreams. With its continued focus on promoting inclusive growth and economic development, PMMY remains a game-changer for micro units in India.



13. How many consecutive wins has Max Verstappen achieved in the current Formula One season?

A.    5

B.    8

C.   10

D.   15

Answer: Option (B)


Max Verstappen's consecutive win streak in the current Formula One season stands at an impressive eight wins. As he continues to leave his rivals in the dust, fans and experts eagerly await each race, wondering if he can surpass his own record of 15 wins from the previous year. Verstappen's remarkable performances remind us why Formula One is a sport that consistently pushes the boundaries of human achievement.



14. In which city did Aishwary Pratap Singh Tomar secure the Gold medal at the FISU World University Games?

A.    Tokyo, Japan

B.    Chengdu, China

C.   Republic of Korea

D.   Kazakhstan

Answer: Option (B)


Aishwary Pratap Singh Tomar's Gold medal victory at the FISU World University Games in Chengdu, China, is a testament to his exceptional skills and unwavering spirit. His triumph not only adds to India's growing medal tally but also serves as an inspiration for aspiring athletes. Tomar's journey reminds us of the power of dedication, perseverance, and the pursuit of excellence. As we celebrate his victory, let us also acknowledge the immense effort and support of the entire team behind him, who played an instrumental role in shaping his success.



15. What was the primary objective of the Russia—Africa Summit?

A.    To establish military alliances between Russia and African nations.

B.    To promote cultural and humanitarian exchanges.

C.   To strengthen economic ties between Russia and Africa.

D.   To address arms race concerns in outer space.

Answer: Option (C)


The Russia-Africa Summit successfully achieved its primary objective of strengthening economic ties between Russia and Africa. By fostering comprehensive cooperation and exploring new avenues for trade, investment, and technological collaboration, the summit laid the foundation for a promising future of mutual growth and development. As Russia and African nations continue to work together, they can unlock new opportunities, address common challenges, and forge a path towards a prosperous and interconnected future.



16. When will India host the 5th World Coffee Conference (WCC) 2023?

A.    September 25 to October 1

B.    September 15 to September 20

C.   September 25 to September 28

D.   October 10 to October 15

Answer: Option (C)


The 5th World Coffee Conference 2023 in Bengaluru, India, is set to be a remarkable event that brings together coffee enthusiasts, industry experts, and stakeholders from around the world. With its focus on sustainability, circular economy, and regenerative agriculture, the conference aims to chart a path towards a thriving and responsible coffee industry. Through meaningful discussions, networking opportunities, and knowledge exchange, the WCC 2023 will play a pivotal role in shaping the future of coffee. So mark your calendars and get ready to immerse yourself in the captivating world of coffee at the WCC 2023!


17. What is the new turnover threshold for companies required to generate e-invoices for B2B transactions and exports under the updated GST rule?

A.    ₹1 crore

B.    ₹5 crore

C.   ₹10 crore

D.   ₹15 crore

Answer: Option (B)


The new turnover threshold for companies required to generate e-invoices for B2B transactions and exports under the updated GST rule is ₹5 crore. This alteration reflects the government's commitment to improving tax compliance and strengthening the GST system. As businesses navigate this change, it is essential to prioritize adaptability and ensure compliance with the revised regulations. By embracing the e-invoicing system, companies can contribute to a more transparent and efficient tax ecosystem, ultimately benefiting both the business community and the economy as a whole.



18. On which date is World Lung Cancer Day observed every year?

A.    July 1

B.    August 1

C.   September 1

D.   October 1

Answer: Option (B)


World Lung Cancer Day, observed on August 1st each year, stands as a powerful reminder of the urgent need to raise awareness, break the stigma, and support ongoing research efforts in the battle against lung cancer. By coming together on this day, we can make a difference in the lives of countless individuals and contribute to a future where lung cancer is no longer a devastating threat. Let us join forces, spread knowledge, and work towards a world free from the burden of lung cancer.



19. What is the main aim of the Worldcoin crypto project?

A.    To provide users with a verified digital identity through iris scanning.

B.    To create a blockchain network for financial transactions.

C.   To distribute universal basic income to cryptocurrency users.

D.   To develop a decentralized social media platform.

Answer: Option (A)


The Worldcoin crypto project has set its sights on revolutionizing digital identity verification through iris scanning. By introducing the "Orb" imaging device and leveraging blockchain technology, Worldcoin aims to provide individuals with secure, verified digital identities. Moreover, the project's vision of distributing universal basic income and creating a decentralized social media platform showcases its commitment to inclusive and empowering solutions. As the world embraces the potential of cryptocurrencies, the Worldcoin crypto project stands at the forefront, reshaping the way we perceive and establish digital identities.



20. What is the theme for World Breastfeeding Week 2023?

A.    "Breastfeeding for a Healthy Future"

B.    "Empower Parents, Enable Breastfeeding"

C.   "Let’s make breastfeeding and work, work!"

D.   "Breastfeeding: Foundation of Life"

Answer: Option (C)


"Let’s make breastfeeding and work, work!" is not just a slogan but a call to action. By prioritizing maternity rights and implementing workplace accommodations, we can create an environment that empowers working mothers to continue breastfeeding. Supporting breastfeeding in the workplace is not only beneficial for the health and well-being of infants but also fosters a more compassionate and family-friendly society. Together, let us strive towards a future where breastfeeding and work seamlessly coexist, ensuring a healthy start for every child.



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