August 7, 2023 Current Affairs

1. Starting from which date will a valid license be mandatory for the import of laptops, tablets, and personal computers, according to the announcement by the Union Government?

A.    1st November 2023

B.    31st October 2023

C.   1st December 2023

D.   1st January 2024

Answer: Option A

Explanation:

Starting from November 1, 2023, a valid license will be mandatory for the import of laptops, tablets, and personal computers. This progressive step by the Union Government demonstrates their commitment to quality control, consumer protection, and the promotion of domestic production. Importers and stakeholders are advised to prepare themselves accordingly and ensure compliance with the new regulations to facilitate a smooth transition into this new era of importation.

2. Upon which countries has the recent anti-dumping duty on optical fibre imports been imposed?

A.    China, India, and Indonesia

B.    South Korea, China, and India

C.   China, South Korea, and Indonesia

D.   India, Indonesia, and South Korea

Answer: Option C

Explanation:

 The recent imposition of anti-dumping duty on optical fibre imports has targeted China, South Korea, and Indonesia. This move aims to protect the domestic optical fibre industry from the adverse effects of substandard and inexpensive imports. While it may have short-term implications on pricing, it is hoped that this measure will foster a fair and competitive market environment for the long-term growth of the industry.

3. How many countries have achieved the elimination of trachoma as a public health concern, as officially recognized by the World Health Organization (WHO)?

A.    12

B.    18

C.   23

D.   50

Answer: Option B

Explanation:

The journey towards eliminating trachoma as a public health concern is an arduous one, but the progress made by 18 countries, including Iraq, showcases the power of dedicated efforts and global collaboration. As we celebrate these achievements, let us remain steadfast in our commitment to improving public health and working towards the goal of a healthier world for all.

4. Which entities collaborated on the development of the autonomous underwater vehicle (AUV) named Neerakshi?

A.    Indian Navy and Coast Guard

B.    Garden Reach Shipbuilders and Engineers (GRSE) Ltd and MSME entity AEPL

C.   Coast Guard and MSME entity

D.   Indian Navy and Army

Answer: Option B

Explanation:

Neerakshi stands as a testament to the power of collaboration and innovation. The joint efforts of GRSE Ltd and the MSME entity AEPL have resulted in a remarkable AUV with the potential to revolutionize underwater exploration and mine detection. As we continue to push the boundaries of technological advancements, Neerakshi serves as a shining example of what can be achieved when brilliant minds come together for a common goal.

5. What was the year-on-year (YoY) increase in State Bank of India's (SBI) standalone net profit during the first quarter of FY24?

A.    178%

B.    100%

C.   50%

D.   5%

Answer: Option A

Explanation:

The State Bank of India's standalone net profit witnessed a remarkable 178% year-on-year (YoY) growth in the first quarter of FY24. This outstanding performance can be attributed to a substantial rise in other income, robust net interest income, and reduced loan loss provisions. SBI's relentless focus on diversifying revenue streams, optimizing lending activities, and implementing effective risk management practices have paved the way for its impressive financial accomplishments.

6. In which location is the 31st World University Games currently being held?

A.    Tokyo, Japan

B.    Moscow, Russia

C.   Chengdu, China

D.   Naples, Italy

Answer: Option C

Explanation:

The 31st World University Games in Chengdu, China, captivates both athletes and spectators alike with its blend of sporting excellence, cultural exploration, and international camaraderie. As the Games unfold, the city comes alive with the spirit of competition and celebration. From thrilling matches to unforgettable cultural experiences, the Universiade in Chengdu promises an unforgettable journey for all involved. So, whether you're a sports enthusiast or a cultural explorer, mark Chengdu on your map as the destination for an extraordinary sporting and cultural experience.

7. On which date is the death anniversary of Rabindranath Tagore commemorated?

A.    August 07

B.    August 09

C.   July 07

D.   August 17

Answer: Option A

Explanation:

As we commemorate Rabindranath Tagore's death anniversary on August 7th, we honor his extraordinary legacy. His profound impact on literature, music, and education continues to inspire generations. Let us remember and celebrate this literary luminary whose words and melodies have touched hearts across the globe. Join us in paying homage to Rabindranath Tagore, an eternal beacon of creativity and enlightenment.

8. The Amhara Region, which has been in the news due to the imposition of a state of emergency, belongs to which country?

A.    Kenya

B.    Ethiopia

C.   South Sudan

D.   Syria

Answer: Option B

Explanation:

The imposition of a state of emergency in the Amhara region of Ethiopia reflects the government's commitment to safeguarding the well-being of its citizens and countering extremist threats. By understanding the context, implications, and collaborative efforts involved, we can gain a better perspective on the importance of this decisive action. Let us hope that peace and stability prevail in the Amhara region and contribute to the overall progress of Ethiopia.

9. Under the National Rhino Conservation Scheme, which reserve has been identified for potential rhino reintroduction?

A.    Patna Zoo

B.    West Champaran Wildlife Sanctuary

C.   Valmiki Tiger Reserve

D.   Ganauli Reserve

Answer: Option C

Explanation:

The Valmiki Tiger Reserve has been identified as a potential site for rhino reintroduction under the National Rhino Conservation Scheme. With its rich biodiversity and the establishment of a Rhino Task Force, this reserve holds great promise for the conservation of rhinoceros species. By choosing Valmiki Tiger Reserve, we take a significant step towards preserving these magnificent creatures and restoring balance to our ecosystems.

10. Who has been designated as the new Prime Minister of Cambodia?

A.    Hun Manet

B.    Norodom Sihamoni

C.   Hun Sen

D.   Cambodian People's Party

Answer: Option A

Explanation:

Hun Manet has been appointed as the new Prime Minister of Cambodia, following the victory of the Cambodian People's Party in the July 2023 elections. With his ascension to this crucial role, the country is poised for a fresh chapter in its political landscape. As Cambodia moves forward under the leadership of Hun Manet, all eyes will be on the policies and actions that shape the nation's future.

11. Which date has been designated as National Javelin Day in India?

A.    August 07

B.    August 15

C.   July 04

D.   September 10

Answer: Option A

Explanation:

Neeraj Chopra's historic gold medal win in the men's Javelin Throw event at the 2021 Tokyo Olympics has not only brought immense pride to India but has also paved the way for a new era of javelin throwing in the country. By designating August 7 as National Javelin Day, India pays tribute to Neeraj's extraordinary journey, celebrates his remarkable achievement, and fosters a culture of sporting excellence. Let us embrace this day with enthusiasm, supporting and encouraging young athletes to pursue their passion for javelin throw, and keeping the spirit of Neeraj Chopra's triumph alive for generations to come.

12. What was the percentage increase in the FAO All Rice Price Index during July, compared to the preceding month?

A.    1.5%

B.    2.8%

C.   5.2%

D.   7.6%

Answer: Option B

Explanation:

The FAO All Rice Price Index experienced a notable 2.8% increase in July. While this rise may have implications for consumers, understanding the factors driving these price fluctuations is essential. By staying informed about the global rice market, we can navigate these changes and make informed decisions.

13. Following the approval of the proposal to establish 19 new districts, what will be the total count of districts in Rajasthan?

A.    33

B.    50

C.   69

D.   19

Answer: Option B

Explanation:

The approval of the proposal to establish 19 new districts in Rajasthan brings the total count to a grand total of 50 districts. This decision marks a significant step towards decentralization and improved governance. With the introduction of new divisions, the state is poised to better cater to the needs of its diverse population. The future holds promise for Rajasthan's administrative landscape, as it adapts to the changing dynamics and embraces progress.

14. Who holds the distinction of being the highest-paid bank CEO in the fiscal year 2023?

A.    Sashidhar Jagdishan

B.    Anil Kumar Chaudhary

C.   Rajesh Gopinathan

D.   Nita Ambani

Answer: Option A

Explanation:

After careful analysis, it is evident that Sashidhar Jagdishan, the CEO of HDFC Bank, holds the distinction of being the highest-paid bank CEO in fiscal year 2023. His remarkable remuneration of over Rs. 10.55 crore is a testament to his exceptional leadership and the value he brings to HDFC Bank. This achievement not only highlights his personal success but also underscores the importance of visionary leadership in the banking industry. As we bid farewell to our exploration, we are reminded of the significant impact bank CEOs have on shaping the financial landscape and inspiring future generations of leaders.

15. What is the primary objective behind the development of the Organ Donation Registry by the National Health Authority and the Ministry of Health?

A.    Introducing intermediaries within the transplantation system

B.    Carrying out organ transplantation procedures manually

C.   Streamlining organ allocation for patients in need

D.   Replacing the National Organ Tissue Transplantation Organisation (NOTTO)

Answer: Option C

Explanation:

The Organ Donation Registry, developed by the National Health Authority and the Ministry of Health, marks a significant milestone in revolutionizing organ allocation in the country. By streamlining the process, leveraging technology, and eliminating manual procedures, this initiative aims to enhance service efficiency and save more lives. The Organ Donation Registry is a testament to the continuous efforts to improve the transplantation system and bring hope to countless patients in need.

16. Which destinations have been identified by the Ministry of Tourism for development under 'Swadesh Darshan 2.0'?

A.    Prayagraj and Naimisharanya

B.    Varanasi and Agra

C.   Jaipur and Udaipur

D.   Mumbai and Pune

Answer: Option A

Explanation:

The selection of Prayagraj and Naimisharanya as development destinations under 'Swadesh Darshan 2.0' is a testament to the incredible heritage and tourism potential of these places. Through sustainable development and responsible tourism practices, these destinations are set to attract visitors from around the world. Whether it's seeking spiritual solace in Prayagraj or delving into the serenity of Naimisharanya, these destinations offer unique experiences that leave a lasting impression on every traveler.

17. Which regulatory body in India has authorized insurance companies' bond holdings in former HDFC to be treated as 'housing and infrastructure' investments until maturity?

A.    Insurance Regulatory and Development Authority of India (IRDAI)

B.    Reserve Bank of India (RBI)

C.   Securities and Exchange Board of India (SEBI)

D.   Ministry of Finance

Answer: Option A

Explanation:

The authorization by IRDAI to treat insurance companies' bond holdings in HDFC as 'housing and infrastructure' investments until maturity is a significant development. It opens up new avenues for insurers, aligns with the government's focus on development, and provides potential growth opportunities. However, it is imperative for insurers to carefully manage risks and ensure prudential investment practices. This decision showcases the proactive approach of IRDAI in fostering a favorable environment for the insurance sector and the overall economic growth of India.

18. What is the name of the novel COVID variant that is currently spreading in the UK?

A.    EG 23

B.    Eris Variant

C.   COVID-23

D.   Delta Plus

Answer: Option B

Explanation:

The emergence of the Eris variant in the UK marks yet another significant development in the COVID-19 pandemic. As scientists and healthcare professionals work tirelessly to understand this variant, it is essential for the public to stay informed, follow recommended guidelines, and remain vigilant. By collectively addressing this new chapter in the fight against COVID-19, we can navigate through these challenging times with resilience and determination.

19. As of August 7, 2023, which nation occupied the top spot in the list of the world's wealthiest countries based on GDP?

A.    China

B.    Japan

C.   Germany

D.   USA

Answer: Option D

Explanation:

In the ever-evolving landscape of global economics, the quest for economic supremacy remains relentless. As of August 7, 2023, the USA emerged as the world's wealthiest nation based on GDP. With its robust economy and unwavering pursuit of innovation, the USA continues to shape the global economic landscape and inspire nations around the world.

20. What was the real name of Gaddar, the individual who recently passed away, and for what was he renowned?

A.    Gummadi Vittal Rao; Folk singer and activist

B.    Gaddar Rao; Political leader

C.   Gaddar Vittal; Bollywood actor

D.   Rao Gummadi; Scientist

Answer: Option A

Explanation:

Gaddar, or Gummadi Vittal Rao, was not just an artist; he was a beacon of hope and a catalyst for change. Through his folk songs and activism, he touched the lives of countless individuals, leaving an indelible mark on society. His legacy will continue to inspire generations to come, reminding us of the power of music, art, and unwavering determination in the pursuit of social justice and equality.