Latest Current Affairs Quiz: 50 MCQs with Solutions (July 1, 2024)

Stay updated with our comprehensive Current Affairs Quiz for July 1, 2024. Test your knowledge with 50 multiple-choice questions covering recent global events, politics, sports, and more. Includes detailed solutions to enhance your learning. Perfect for exam preparation and general awareness."

1. Glucagon Manufacturing in PLI Scheme

What is the purpose of the Production Linked Incentive (PLI) scheme in India?
- A) To increase foreign investments
- B) To boost domestic manufacturing capability
- C) To promote tourism
- D) To enhance agricultural productivity
- Answer: B) To boost domestic manufacturing capability
What class of drugs is the GLP-1RA that will be manufactured under the PLI scheme?
- A) Anti-hypertensive drugs
- B) Anti-diabetic drugs
- C) Antibiotics
- D) Antidepressants
- Answer: B) Anti-diabetic drugs
Which of the following drugs will be produced at the site under the PLI scheme apart from GLP-1RA?
- A) Paracetamol
- B) Ozempic
- C) Aspirin
- D) Metformin
- Answer: B) Ozempic
When was the Production Linked Incentive (PLI) scheme launched?
- A) March 2019
- B) March 2020
- C) March 2021
- D) March 2022
- Answer: B) March 2020
How do companies benefit from the PLI scheme?
- A) They receive tax exemptions
- B) They get financial rewards based on their revenue
- C) They obtain free land for factories
- D) They receive import subsidies
- Answer: B) They get financial rewards based on their revenue

2. Mainland Serow

Where was the first photographic evidence of the Mainland Serow documented?
- A) Kaziranga National Park
- B) Raimona National Park
- C) Sundarbans National Park
- D) Manas National Park
- Answer: B) Raimona National Park
Which organization classifies the conservation status of the Mainland Serow?
- A) WWF
- B) IUCN
- C) CITES
- D) UNEP
- Answer: B) IUCN
What is the IUCN Red List status of the Mainland Serow?
- A) Endangered
- B) Critically Endangered
- C) Vulnerable
- D) Near Threatened
- Answer: C) Vulnerable
Which countries share the habitat of the Mainland Serow across the India-Bhutan border?
- A) Nepal and India
- B) India and Bangladesh
- C) India and Bhutan
- D) India and Myanmar
- Answer: C) India and Bhutan
Which other species of Serow are found besides the Mainland Serow?
- A) Japanese Serow, Red Serow, Taiwan Serow
- B) African Serow, Blue Serow, Chinese Serow
- C) European Serow, Arctic Serow, Australian Serow
- D) Amazon Serow, Siberian Serow, Arabian Serow
- Answer: A) Japanese Serow, Red Serow, Taiwan Serow

3. National Financial Reporting Authority

Which firms are being inspected by the National Financial Reporting Authority (NFRA)?
- A) Big-3 firms
- B) Big-4 firms
- C) Big-5 firms
- D) Big-6 firms
- Answer: C) Big-5 firms
What is the primary role of the audit arms of the Big-5 firms?
- A) Conducting market research
- B) Conducting audits of financial statements
- C) Managing investments
- D) Providing legal advice
- Answer: B) Conducting audits of financial statements
What has the early report from NFRA inspections highlighted?
- A) Increased revenue generation
- B) Need for improvement in areas of weaknesses
- C) Expansion of services
- D) Closure of audit firms
- Answer: B) Need for improvement in areas of weaknesses
Which of the following firms is not part of the Big-5 firms inspected by NFRA?
- A) BSR & Co
- B) Deloitte Haskins & Sells
- C) KPMG
- D) Price Waterhouse Chartered Accountants
- Answer: C) KPMG
What is the main goal of segregating audit and non-audit services within the Big-5 firms?
- A) To reduce costs
- B) To improve audit quality
- C) To enhance marketing strategies
- D) To increase client base
- Answer: B) To improve audit quality

4. Borneo Elephants

What is the IUCN Red List status of Borneo elephants?
- A) Vulnerable
- B) Critically Endangered
- C) Endangered
- D) Near Threatened
- Answer: C) Endangered
Approximately how many Borneo elephants remain?
- A) 500
- B) 1,000
- C) 1,500
- D) 2,000
- Answer: B) 1,000
Where are Borneo elephants primarily located?
- A) Sabah, Malaysia and Kalimantan, Indonesia
- B) Sumatra, Indonesia
- C) Assam, India
- D) Thailand and Laos
- Answer: A) Sabah, Malaysia and Kalimantan, Indonesia
What are the main threats to Borneo elephants?
- A) Disease and pollution
- B) Human-elephant conflict, poaching, and habitat loss
- C) Climate change and natural disasters
- D) Invasive species and competition for food
- Answer: B) Human-elephant conflict, poaching, and habitat loss
Under which appendix of CITES are Borneo elephants listed?
- A) Appendix I
- B) Appendix II
- C) Appendix III
- D) Not listed
- Answer: A) Appendix I

5. Revised Currency Swap Framework for SAARC

MCQs:

What is the purpose of a currency swap agreement?
- A) To trade goods and services
- B) To exchange currencies for liquidity support
- C) To establish trade tariffs
- D) To provide foreign aid
- Answer: B) To exchange currencies for liquidity support
When did the SAARC currency swap facility first come into operation?
- A) 15th November 2010
- B) 15th November 2012
- C) 15th November 2014
- D) 15th November 2016
- Answer: B) 15th November 2012
What is the overall corpus of the RBI’s swap arrangement for SAARC?
- A) USD 1 billion
- B) USD 2 billion
- C) USD 3 billion
- D) USD 4 billion
- Answer: B) USD 2 billion
Which two currencies can the swap arrangement be made in under the RBI's framework?
- A) US dollars and Japanese yen
- B) Euro and British pounds
- C) US dollars and Euro
- D) Chinese yuan and Indian rupee
- Answer: C) US dollars and Euro
Which organization is responsible for putting in place the revised framework for currency swap arrangements for SAARC?

A) International Monetary Fund (IMF)
B) Reserve Bank of India (RBI)
C) World Bank
D) Asian Development Bank (ADB)
Answer: B) Reserve Bank of India (RBI)

6. Kuki-Chin Refugees in Mizoram

From which country did the Kuki-Chin refugees flee to Mizoram?
- A) Bangladesh
- B) Myanmar
- C) Nepal
- D) Bhutan
- Answer: A) Bangladesh
In which Indian state have the Kuki-Chin refugees found shelter?
- A) Assam
- B) Manipur
- C) Mizoram
- D) Tripura
- Answer: C) Mizoram
Which district in Mizoram has accommodated the Kuki-Chin refugees?
- A) Champhai
- B) Lunglei
- C) Mamit
- D) Lawngtlai
- Answer: D) Lawngtlai
What caused the Kuki-Chin refugees to flee their country?
- A) Natural disaster
- B) Political unrest and violence
- C) Economic crisis
- D) Epidemic outbreak
- Answer: B) Political unrest and violence
What is the estimated number of Kuki-Chin refugees that fled to Mizoram?
- A) 1,000
- B) 2,500
- C) 5,000
- D) 7,000
- Answer: B) 2,500

7. Environment Management Framework in India

Which act governs the environmental assessment and management framework in India?
- A) The Forest Conservation Act, 1980
- B) The Environment Protection Act, 1986
- C) The Wildlife Protection Act, 1972
- D) The National Green Tribunal Act, 2010
- Answer: B) The Environment Protection Act, 1986
Which ministry is responsible for environmental management in India?
- A) Ministry of Agriculture and Farmers' Welfare
- B) Ministry of Environment, Forest and Climate Change
- C) Ministry of Rural Development
- D) Ministry of Water Resources
- Answer: B) Ministry of Environment, Forest and Climate Change
What is the primary objective of India's environmental management framework?
- A) Promoting industrial growth
- B) Ensuring sustainable development
- C) Increasing agricultural productivity
- D) Expanding urban infrastructure
- Answer: B) Ensuring sustainable development
Which body is responsible for the implementation of environmental regulations in India?
- A) Central Pollution Control Board (CPCB)
- B) National Green Tribunal (NGT)
- C) Indian Council of Forestry Research and Education (ICFRE)
- D) Geological Survey of India (GSI)
- Answer: A) Central Pollution Control Board (CPCB)
What does EIA stand for in the context of environmental management?
- A) Environmental Impact Assessment
- B) Environmental Information Analysis
- C) Environmental Inspection Agency
- D) Environmental Improvement Act
- Answer: A) Environmental Impact Assessment

8. MGNREGS (Mahatma Gandhi National Rural Employment Guarantee Scheme)

What is the main objective of MGNREGS?
- A) Providing education to rural children
- B) Ensuring food security
- C) Guaranteeing employment to rural households
- D) Promoting rural tourism
- Answer: C) Guaranteeing employment to rural households
When was MGNREGS launched?
- A) 2000
- B) 2005
- C) 2010
- D) 2015
- Answer: B) 2005
Which ministry oversees the implementation of MGNREGS?
- A) Ministry of Agriculture and Farmers' Welfare
- B) Ministry of Rural Development
- C) Ministry of Labour and Employment
- D) Ministry of Home Affairs
- Answer: B) Ministry of Rural Development
How many days of employment are guaranteed per year under MGNREGS?
- A) 50 days
- B) 100 days
- C) 150 days
- D) 200 days
- Answer: B) 100 days
Which group of people primarily benefits from MGNREGS?
- A) Urban poor
- B) Rural artisans
- C) Rural households
- D) Small business owners
- Answer: C) Rural households

9. India-Middle East-Europe Economic Corridor (IMEC)

What is the primary aim of the India-Middle East-Europe Economic Corridor (IMEC)?
- A) To enhance cultural exchanges
- B) To establish a new trade route
- C) To promote tourism
- D) To facilitate military cooperation
- Answer: B) To establish a new trade route
Which regions does the IMEC connect?
- A) South America, Africa, and Europe
- B) Asia, Middle East, and Europe
- C) North America, Asia, and Europe
- D) Australia, Middle East, and Europe
- Answer: B) Asia, Middle East, and Europe
What type of infrastructure is being developed under the IMEC?
- A) Healthcare facilities
- B) Educational institutions
- C) Transportation and communication networks
- D) Residential complexes
- Answer: C) Transportation and communication networks
Which country is a key partner in the IMEC along with India and Europe?
- A) Saudi Arabia
- B) Japan
- C) China
- D) Australia
- Answer: A) Saudi Arabia
What is one of the main benefits expected from the IMEC?
- A) Improved military alliances
- B) Reduced travel time for goods
- C) Increased cultural festivals
- D) Enhanced sports events
- Answer: B) Reduced travel time for goods

10. Gati Shakti National Master Plan

What is the Gati Shakti National Master Plan primarily focused on?
- A) Agricultural development
- B) Urban housing
- C) Infrastructure development
- D) Educational reforms
- Answer: C) Infrastructure development
Which Indian Prime Minister launched the Gati Shakti National Master Plan?
- A) Manmohan Singh
- B) Narendra Modi
- C) Atal Bihari Vajpayee
- D) Indira Gandhi
- Answer: B) Narendra Modi
When was the Gati Shakti National Master Plan launched?
- A) 2020
- B) 2021
- C) 2022
- D) 2023
- Answer: B) 2021
What is one of the main objectives of the Gati Shakti plan?
- A) Reducing healthcare costs
- B) Streamlining regulatory processes
- C) Boosting industrial growth
- D) Enhancing tourism infrastructure
- Answer: C) Boosting industrial growth
How does the Gati Shakti plan aim to integrate various modes of transportation?
- A) By building more airports
- B) By creating unified transport corridors
- C) By reducing vehicle taxes
- D) By promoting electric vehicles
- Answer: B) By creating unified transport corridors