Daily Current Affairs Quiz: July 27, 2023

July 27, 2023

Consider the following statements:
1 In full-reserve banking, banks are not allowed to lend out money that they receive from customers in the form of time
2. ICMR-NIV has found evidence of the Nipah virus circulation in the bat population across nine states and 1 Union Territory.
3. STARFIRE algorithm can estimate the Radio Frequency Interference (RFI) emitted by FM radio stations, WiFi networks, mobile towers
Which of the following statements is/are correct?

(A) 1 & 2 only
(B) 2 & 3 only
(C) 3 only
(D) 1, 2 and 3

Show Answer

ANSWER: B

Consider the following statements:
1. In Fractional Reserve banking, banks lend more money than the cash they have in their vaults.
2. India reported its first outbreak of Nipah virus in Kerala.
3. For STARFIRE algorithm, scientists used data from 6 Asian countries.
Which of the following statements is/are incorrect?

(A) 1 only
(B) 3 only
(C) 2 & 3 only
(D) 1 & 3 only

Show Answer

ANSWER: C

Consider the following statements:
1 Full-reserve banking boosts and smoothens bank lending.
2. Nipah Virus (NiV) is a type of DNA virus transmitted in humans through its natural hosts, fruit bats.
3. STARFIRE algorithm can be handy in orbit selection for future missions.
Which of the following statements is/are correct?

(A) 1 & 3 only
(B) 2 & 3 only
(C) 3 only
(D) 1, 2 and 3

Show Answer

ANSWER: C

Consider the following statements:
1. White label ATMs also provide services like bill payments, mini/short statement generation, PIN changes, and requests for cheque books.
2. Green Label ATMs are managed service providers which deploy and operate ATMs for banks.
Which of the following statements is/ are correct?

(A) 1 only
(B) 2 only
(C) Both 1 and 2
(D) Neither 1 nor 2

Show Answer

ANSWER: A

As per Ministry of Finance, White Label ATMs (WLAs) are expected to drive ATM spread across India with a greater focus on tier III to VI centres.
To expand ATM access in the country, the Reserve Bank of India (RBI) has granted permission to non-bank entities to establish, own, and operate White Label ATMs (WLAs) nationwide.

Brown Label: These are managed service providers which deploy and operate ATMs for banks.

Green Label: ATM is provided for Agricultural Transaction.

Yellow Label: ATM is responsible for handling E-Commerce transactions.

This move is aimed at enhancing banking services‘ reach, especially in smaller towns and rural areas, and promoting financial inclusion.
WLAs offer banking services to customers through cards issued by various banks, such as debit, credit, or prepaid cards.
Apart from cash withdrawals, these ATMs provide an array of services, including account information, cash deposits, bill payments, mini/short statement generation, PIN changes, and requests for cheque books.
At present, India has four authorized non-bank entities operating White Label ATMs.

Consider the following statements:
1 Silvopasture practice integrates trees, forage and livestock on the same plot of
2. Soil infiltration rates in silvopasture systems are less than those of open pastures.
Which of the following statements is/ are incorrect?

(A) 1 only
(B) 2 only
(C) Both 1 and 2
(D) Neither 1 nor 2

Show Answer

ANSWER: B

Silvopasture is an ancient and proven practice that harmoniously integrates trees, forage and livestock on the same land. By combining these elements, silvopasture brings numerous environmental advantages, including improved local climate resilience.
Moreover, the trees on silvopasture lands act as natural carbon sinks, sequestering significantly 5-10 times more carbon then pastures without trees, all while maintaining or enhancing productivity.
Silvopasture systems also regulate local climatic conditions, buffering against temperature and wind extremes, providing a favourable living environment for livestock.
Moreover, the extensive root systems of trees within silvopasture plots contribute to nutrient cycling, improved soil stability and quality, while effectively combating erosion.
Soil infiltration rates in silvopasture systems surpass those of open pastures, enhancing water storage potential.
A study revealed that more than 70 % of deforestation in South America was driven by an increased demand for pasture. Thus Silvopasture provides a sustainable alternative

Consider the following statements:
1 WHO recently confirmed a case Middle East Respiratory Syndrome Coronavirus in
2. MERS is a zoonotic virus that can transmit between animals and people.
Which of the following statements is/ are correct?

(A) 1 only
(B) 2 only
(C) Both 1 and 2
(D) Neither 1 nor 2

Show Answer

ANSWER: B

The World Health Organisation (WHO) recently confirmed a case of the potentially fatal Middle East Respiratory Syndrome Coronavirus (MERS-CoV) in Abu Dhabi.

ABOUT MERS-COV

The Middle East Respiratory Syndrome Coronavirus (MERS-CoV) was first identified in Saudi Arabia in 2012.
Since its detection, 27 countries reported MERS cases.
According to the WHO, a total of 2,605 cases of the virus have been reported so far, with 936 associated deaths.
MERS is a zoonotic virus that can transmit between animals and people.
Common symptoms of MERS infection are: Fever, Shortness of breath, Cough, Sore throat,Muscle and stomach pain and soreness, Vomiting, Diarrhea.
According to WHO information, people in Saudi Arabia mostly got infected through unprotected contact with infected dromedary camels.

UNESCO Asia Pacific Cultural Heritage award has been awarded recently to Byculla railway station. It was originally built in-

(A) 1873
(B) 1863
(C) 1853
(D) 1843

Show Answer

ANSWER: C

The heritage Byculla Railway station which has been restored to its original glory, received the UNESCO Asia Pacific Cultural Heritage award.
The 169-year-old Byculla railway station in Mumbai is one of the oldest railway stations in India still in use.
It was originally built in 1853.
It has been restored to its original Gothic, heritage, architectural glory.

The islands of Rhodes and Corfu, seen recently in news are located in -

(A) South China Sea
(B) North Sea
(C) Black Sea
(D) Mediterranean Sea

Show Answer

ANSWER: D

The Greek islands of Rhodes and Corfu have been scorched by wildfires in recent days.
Greece is often hit by wildfires during the summer but climate change has led to more extreme heatwaves across southern Europe.

Akira, seen recently in news, is a/an

(A) Ransomware
(B) Ukranian satellite
(C) Supercomputer
(D) Japanese space station module

Show Answer

ANSWER: A

CERT-In (Indian Computer Emergency Response Team) has recently issued alerts regarding the ‘Akira’ Internet Ransomware.
The ransomware operates by targeting both Windows and Linux-based systems.
A Ransomware is designed to steal crucial personal information and encrypt data, thereby coercing individuals into paying ransom money.

Malana dam is built across Malana, which is a tributary of ______ river.

(A) Satluj
(B) Parvati
(C) Ravi
(D) Yamuna

Show Answer

ANSWER: B

National Disaster Response Force Rescuers reached Malana village to assist the authorities to open the flood gates of the dam that were jammed and led to overflowing of water and further cracked walls of the dams.
Panic gripped the ancient village of Malana when the water from the 86-MW dam, across the Malana tributary of the Parvati River spilt over due to the malfunctioning of all four gates.
- Parvati River is a river in the Parvati Valley in Himachal Pradesh, that flows into the Beas River at